-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
ZYNE FAMILY FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)
104 OXMOOR RD SUITE 144
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM
,
AL
35209
A Employer identification number
20-8982601
B
Telephone number (see instructions)
(205) 290-4667
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
15,870,989
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
12,502,023
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
520,221
492,258
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
13,021
b
Gross sales price for all assets on line 6a
13,474,119
7
Capital gain net income (from Part IV, line 2)
...
13,021
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
12
Total.
Add lines 1 through 11
........
13,035,265
505,279
13
Compensation of officers, directors, trustees, etc.
97,500
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
19,234
0
0
c
Other professional fees (attach schedule)
....
705
0
0
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
7,010
0
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
28,330
0
0
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
152,779
0
0
25
Contributions, gifts, grants paid
.......
463,000
463,000
26
Total expenses and disbursements.
Add lines 24 and 25
615,779
0
463,000
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
12,419,486
b
Net investment income
(if negative, enter -0-)
505,279
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
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
470,486
5,679,615
5,679,615
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
85,543
209,344
209,344
b
Investments—corporate stock (attach schedule)
.......
1,364,094
5,622,733
5,622,733
c
Investments—corporate bonds (attach schedule)
.......
449,233
2,809,539
2,809,539
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
31,160
1,549,758
1,549,758
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
2,400,516
15,870,989
15,870,989
17
Accounts payable and accrued expenses
..........
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
0
0
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
2,400,516
15,870,989
29
Total net assets or fund balances
(see instructions)
.....
2,400,516
15,870,989
30
Total liabilities and net assets/fund balances
(see instructions)
.
2,400,516
15,870,989
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
2,400,516
2
Enter amount from Part I, line 27a
.....................
2
12,419,486
3
Other increases not included in line 2 (itemize)
3
1,050,987
4
Add lines 1, 2, and 3
..........................
4
15,870,989
5
Decreases not included in line 2 (itemize)
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
15,870,989
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
MSIF ULTRA-SHORT INCOME A
P
b
GOLDMAN SACHS GROUP INC DEP SH
P
2016-08-12
2019-01-22
c
GOLDMAN SACHS GROUP INC DEP SH
P
2016-08-12
2019-01-23
d
ALBANY DOUGHERTY AUTH GA
D
2015-12-03
2019-01-17
e
GEORGIA ST HIGH ED FACS AUTH REV USG REAL
D
2015-12-03
2019-01-17
GEORGIA ST HIGH ED FACS AUTH REV USG REAL
D
2015-12-03
2019-01-17
HEALTH CARE AUTHORITY
D
2015-12-03
2019-01-15
PICKENS CNTY AL HOSPITAL ASSN SALES & USE TAX REV
D
2015-12-03
2019-01-16
DYNAGAS LNG PARTNERS LP SR NOTE 6.25%
D
2015-12-03
2019-01-17
EMBARQ CORP NOTE CPN 7.995%
D
2015-12-03
2019-01-22
ISHARES U S PREFERRED STOCK ETF
P
2018-01-09
2019-01-18
ALABAMA ECON SETTLMT AUTH BP REV SER A
D
2019-01-15
2019-01-15
ALABAMA ST BRD ED REV AL SOUTHERN CMTY CLLG AMBAC
D
2019-01-15
2019-01-16
ALABAMA ST BRD ED REV ENTRPRS ST CMNTY
D
2019-01-15
2019-01-15
ALABAMA ST PORT AUTH DOCKS FACS REV RFDG
D
2019-01-15
2019-01-16
ALBANY DOUGHERTY AUTH GA
D
2019-01-15
2019-01-17
ALBANY DOUGHERTY GA B/E 5% 07/01/31
D
2019-01-15
2019-01-15
ALBANY DOUGHERTY GA PAYROLL DEV REV DARTON AGM
D
2019-01-15
2019-01-15
ALLSTATE CORP DEP SHS
D
2019-01-15
2019-01-22
AUBURN AL INDL DEV BRD
D
2019-01-15
2019-01-17
BIRMINGHAM AL ARPT AUTH REV AGM
D
2019-01-15
2019-01-15
BIRMINGHAM AL SPL CARE FACS FING AUTH HC
D
2019-01-15
2019-01-16
BIRMINGHAM STHRN CLLG AL PRIV EDL
D
2019-01-15
2019-01-17
CALAMOS STRATEGIC TOTAL RETURN FD
D
2019-01-15
2019-01-15
CARLYLE GROUP LTD
D
2019-01-15
2019-01-15
CHATOM AL A INDL DEV BRD GULF
D
2019-01-15
2019-01-16
CHATOM AL INDL DEV BRD GULF OP
D
2019-01-15
2019-01-16
CITIGROUP INC DEPOSITARY SHS PFD SER L
D
2019-01-15
2019-01-15
COBB CNTY GA KENNESTONE HSP AUTH REV ANTIC
D
2019-01-15
2019-01-15
COHEN & STEERS INFRASTRUCTURE FUND
D
2019-01-15
2019-01-23
COURTLAND AL, INDL DEV BRD 6.25% DUE 11/01/33
D
2019-01-15
2019-01-17
CULLMAN CNTY AL PBA BLDG REV WTS DHR PROJ ASRD GTY B/E
D
2019-01-15
2019-01-16
DEKALB CNTY GA WTR & SWR REV SER A B/E PTC
D
2019-01-15
2019-01-15
DEKALB CNTY NEWTON CNTY GWINNETT CNTY GA JT DEV AUTH REV
D
2019-01-15
2019-01-16
DEKALB CNTY NEWTON CNTY GWINNETT GA JT DV
D
2019-01-15
2019-01-16
DEKALB CNTY NEWTON CNTY GWINNETT GA JT DV
D
2019-01-15
2019-01-15
DEKALB PVT HOSP AUTH GA REV ANTIC CTF CHILDRENS HC
D
2019-01-15
2019-01-16
DOLLAR GENERAL CORP NEW
D
2019-01-15
2019-01-18
DOWDUPONT INC
D
2019-01-15
2019-01-17
DUKE ENERGY CORP NEW
D
2019-01-15
2019-03-01
DYNAGAS LNG PARTNERS LP SR NOTE 6.25%
D
2019-01-15
2019-01-17
EATON VANCE TAX MANAGED DIVERSIFIED EQUITY
D
2019-01-15
2019-01-17
ELBA AL WTS DB AGM B/Q B/E
D
2019-01-15
2019-01-15
EMBARQ CORP NOTE CPN 7.995%
D
2019-01-15
2019-01-22
EMERSON ELECTRIC COMPANY
D
2019-01-15
2019-01-22
ETOWAH GADSDEN HC ATH AL REV CNTY
D
2019-01-15
2019-01-15
EXXON MOBIL
D
2019-01-15
2019-01-18
FULTON CNTY GA DEV AUTH REV RFDG B/E
D
2019-01-15
2019-01-15
FULTON CNTY GA DEV AUTH RFDG TUFF ATLANTA
D
2019-01-15
2019-01-17
GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC
D
2019-01-15
2019-01-15
GABELLI DIVIDEND & INCOME TRUST
D
2019-01-15
2019-01-23
GABELLI EQUITY TRUST INC
D
2019-01-15
2019-01-17
GAINESVILLE&HALL CNTY GA HSP ATH ANTIC CTF
D
2019-01-15
2019-01-17
GAINESVILLE&HALL CNTY GA HSP ATH ANTIC CTF
D
2019-01-15
2019-01-17
GEORGIA LOC GOVT CTF PARTN GRANTOR TR
D
2019-01-15
2019-01-17
GEORGIA ST HIGH ED FACS AUTH REV USG REAL ESTATE
D
2019-01-15
2019-01-17
GEORGIA ST HIGH ED FACS AUTH REV USG REAL ESTATE
D
2019-01-15
2019-01-17
GEORGIA ST HIGH ED FACS AUTH REV USG REAL ESTATE
D
2019-01-15
2019-01-17
GEORGIA ST HIGH ED FACS AUTH REV USG REAL ESTATE
D
2019-01-15
2019-01-17
GOLDMAN SACHS GROUP INC DEP SH
D
2019-01-15
2019-01-22
HANCOCK JOHN PREFERRED INCOME FUND
D
2019-01-15
2019-01-23
HCI GRP INC SR NOTE CONV
D
2019-01-15
2019-01-17
HELMERICH & PAYNE INC
D
2019-01-15
2019-03-01
HOLLYFRONTIER CORP
D
2019-01-15
2019-01-22
INTERNATIONAL PAPER COMPANY
D
2019-01-15
2019-01-23
ISHARES U S PREFERRED STOCK ETF
P
2018-01-22
2019-01-18
KINDER MORGAN INC DE
D
2019-01-15
2019-01-18
KRAFT HEINZ CO
D
2019-01-15
2019-02-27
LAS VEGAS SANDS CORP
D
2019-01-15
2019-01-23
LEGG MASON GLOBAL ASSET
D
2019-01-15
2019-01-17
LEGG MASON LOW VOLATILITY HIGH
D
2019-01-15
2019-01-17
MICROSOFT CORP
D
2019-01-15
2019-01-22
MONMOUTH REAL ESTATE INVESTMENT CORP
D
2019-01-15
2019-01-17
NUCORE CORP
D
2019-01-15
2019-01-18
NUCORE CORP
D
2019-01-15
2019-01-23
NUCORE CORP
D
2019-01-15
2019-04-11
NUCORE CORP
D
2019-01-15
2019-04-23
ONEOK INC NEW
D
2019-01-15
2019-01-17
ONEOK INC NEW
D
2019-01-15
2019-01-23
PHENIX CITY AL INDL DEV BRD ENVMNTL
D
2019-01-15
2019-01-16
PHILLIPS 66
D
2019-01-15
2019-01-23
PICKENS CNTY AL HOSPITAL ASSN SALES & USE TAX REV
D
2019-01-15
2019-01-16
PORTFOLIO RECOVERY ASSOC INC SR NOTE CONV
D
2019-01-15
2019-01-17
PRATTVILLE AL INDL DEV BOARD ENVMNTL IMPT
D
2019-01-15
2019-01-17
PRIVATE CLLGS & UNIVS AUTH GA 5.25% 10/01/30
D
2019-01-15
2019-01-17
PROASSURANCE CORP
D
2019-01-15
2019-02-27
SAVANNAH GA HOSP REV RFDG ST
D
2019-01-15
2019-01-15
SHELBY CNTY AL RFDG WTS B/E PTC
D
2019-01-15
2019-01-17
SOUTH ALABAMA GAS DIST REV B/E B/Q
D
2019-01-15
2019-01-17
SOUTHERN COMPANY
D
2019-01-15
2019-01-17
SOUTHERN COMPANY
D
2019-01-15
2019-01-23
SUNTRUST BANKS INC
D
2019-01-15
2019-01-18
TCG BDC INC
D
2019-01-15
2019-01-18
TEKLA LIFE SCIENCES INVS
D
2019-01-15
2019-01-18
TROY AL INDL DEV BRD REV GOLDEN BOY PJ
D
2019-01-15
2019-01-17
U S BANCORP DE DEPOSITARY SHS REPSTG
D
2019-01-15
2019-01-18
UAB MEDICINE FIN AUTH AL REV SER B
D
2019-01-15
2019-01-16
UAB MEDICINE FIN AUTH AL REV SER B
D
2019-01-15
2019-01-15
UAB MEDICINE FIN AUTH AL REV SER B
D
2019-01-15
2019-01-16
UAB MEDICINE FIN AUTH AL REV SER B
D
2019-01-15
2019-01-16
UNITED STATES STEEL CORP NEW
D
2019-01-15
2019-04-09
UNITED TECHNOLOGIES CORP
D
2019-01-15
2019-02-21
UNIVERSITY AL GENL REV BIRMINGHAM SER B BABS
D
2019-01-15
2019-01-16
VERIZON COMMUNICATIONS, INC
D
2019-01-15
2019-01-22
VICTORY CEMP US EQ INCOME
D
2019-01-15
2019-01-17
WALKER CNTY AL WTS B/E CPN 3.000%
D
2019-01-15
2019-01-17
WARREN CNTY MS GULF OPPTY ZONE
D
2019-01-15
2019-01-16
WARREN CNTY MS GULF OPPTY ZONE INTO PAPER PJ
D
2019-01-15
2019-01-16
WASTE MANAGEMENT INC DEL
D
2019-01-15
2019-01-23
WELLS FARGO & COMPANY DEP SHS
D
2019-01-15
2019-01-22
XPO LOGISTICS INC
D
2019-01-15
2019-01-22
AMERICAN EXPRESS CO
P
2018-06-04
2019-02-15
ANALOG DEVICES INC
P
2018-06-04
2019-01-15
FACEBOOK INC CL A
P
2018-06-04
2019-01-08
INGREDION INC
P
2018-06-04
2019-01-15
NUCOR CORP
P
2018-06-04
2019-02-15
PPL CORP
P
2018-06-04
2019-03-15
WYNDHAM DESTINATIONS INC
P
2018-06-15
2019-03-15
ISHARES MSCI EAFE ETF
P
2018-06-04
2019-01-02
ISHARES RUSSELL 2000 ETF
P
2018-06-04
2019-01-02
PROSHARES SHORT S&P 500 NEW ETF
P
2019-01-02
2019-02-04
SPDR S&P 500 ETF
P
2018-06-04
2019-01-02
VANGUARD FTSE EMERGING MARKETS ETF
P
2018-06-04
2019-01-02
ANHEUSER BUSCH INBEV SA/NV
P
2018-06-04
2019-04-17
BOEING CO
P
2018-06-04
2019-04-01
FORTUNE BRANDS HOME & SECURITY INC
P
2018-09-17
2019-04-17
MASTERCARD INC CL A
P
2018-06-04
2019-04-01
NIKE INC CL B
P
2018-06-04
2019-04-01
PAYPAL HOLDINGS INC
P
2018-06-04
2019-04-01
PHILIP MORRIS INTL INC
P
2018-06-04
2019-04-17
SUN LIFE FINANCIAL INC
P
2018-06-04
2019-04-17
ABB LTD
P
2018-06-04
2019-08-01
BAYER AG SPON ADR
P
2018-06-11
2019-08-01
COGNIZANT TECH SOLUTIONS CL A
P
2018-06-04
2019-08-01
ESTEE LAUDER CO INC CL A
P
2018-06-04
2019-08-01
SKYWORKS SOLUTIONS INC
P
2018-06-04
2019-08-01
SS&C TECNHOLOGIES HLDGS INC
P
2018-06-04
2019-08-01
TD AMERITRADE HOLDING CORP
P
2018-07-13
2019-10-15
CIE FINANCIERE RICHEMONT
P
2019-04-17
2019-06-12
CSX CORP
D
2019-01-15
2019-10-15
DOMINION ENERGY INC
P
2019-03-15
2019-06-12
EVERCORE INC CLASS A
P
2019-02-15
2019-06-12
HEINEKEN HOLDING NV-SPN ADR
P
2019-04-17
2019-06-12
HELMERICH & PAYNE INC
D
2019-01-15
2019-08-01
ONE GAS INC
D
2019-01-15
2019-06-12
PROASSURANCE CORP
D
2019-01-15
2019-06-12
ROYAL CARIMMEAN CRUISES LTD
P
2018-07-13
2019-06-12
ISHARES RUSSELL 2000 ETF (IWM)
P
2019-04-01
2019-08-01
ROYCE VALUE TRUST INC
D
2019-01-15
2019-06-24
ROYCE VALUE TRUST INC
D
2019-01-15
2019-09-26
ROYCE VALUE TRUST INC
D
2019-01-15
2019-09-26
TEKLA HEALTHCARE OPPTYS FD
D
2019-01-15
2019-01-15
VANGUARD FTSE EMERGING MARKETS ETF
P
2019-04-01
2019-08-01
BANK OF AMERICA
P
2017-12-11
2019-08-05
CALLON PETROLEUM COMPANY
P
2017-12-11
2019-07-18
FIFTH THIRD BANCORP DEP SHS
P
2018-07-16
2019-08-07
FIFTH THIRD BANCORP DEP SHS
P
2018-07-16
2019-08-07
HUNTINGTON BANCSHARES INC DEP SHS
P
2016-03-17
2019-08-12
HUNTINGTON BANCSHARES INC DEP SHS
P
2016-03-17
2019-08-13
IBERIABANK CORP DEP SHS REPSTG 1/400TH INT
P
2016-04-18
2019-07-23
JP MORGAN CHASE & COMPANY
P
2018-02-02
2019-08-05
M&T BANK CORP CUML PERPETUAL PFD SER A
P
2017-08-09
2019-07-23
M&T BANK CORP CUML PERPETUAL PFD SER A
P
2017-12-08
2019-07-23
M&T BANK CORP CUML PERPETUAL PFD SER C
P
2018-01-23
2019-07-23
TEXAS CAPITAL BANCSHARES INC NON CUM
P
2017-08-18
2019-08-29
ARES CAPITAL CORP
P
2018-01-31
2019-07-23
ISHARES 20+ YR TREASU BOND ETF (TLT)
P
2018-06-04
2019-06-11
ISHARES 3-7 YR TREASURY BD ETF (IEI)
P
2018-06-04
2019-06-11
ISHARES 7-10 YR TREASRY BD ETF (IEF)
P
2018-06-04
2019-06-11
ISHARES BARCLAYS 1-3 YR TSY BD (SHY)
P
2018-06-04
2019-06-11
ISHARES IBOXX INVEST GR COP BD (LQD)
P
2018-06-04
2019-06-11
ISHAERS INTERM-TERM COR BD ETF (IGIB)
P
2018-06-04
2019-06-11
ISHARES LONG-TERM CORP BND ETF (IGLB)
P
2018-06-04
2019-06-11
ISHARES MBS ETF (MBB)
P
2018-06-04
2019-06-11
ISHARES SHORT TREASURY BD ETF (SHV)
P
2018-06-04
2019-06-11
ISHARES SHORT-TERM COR BND ETF (IGSB)
P
2018-06-04
2019-06-11
NUSTAR LOGISTCIS LP
P
2017-12-11
2019-07-23
HANCOCK HOLDING COMPANY
P
2018-01-04
2019-08-28
HANCOCK HOLDING COMPANY
P
2018-01-04
2019-08-28
TORCHMARK CORP JR SUB DEBENTURE
P
2016-04-07
2019-08-13
WESTERN ALLIANCE BANCORP
P
2016-06-22
2019-08-13
UNITED STATES CELL CORP 6.95%
D
2015-12-03
2019-07-23
ENCOMPASS HEALTH CORP
P
2016-08-26
2019-06-25
ENERGEN CORP SENIOR NOTE 4.625%
D
2015-12-03
2019-06-25
BANK OF AMERICA
P
2019-01-15
2019-08-05
BECTON DICKINSON & CO DEP SHS REPSTG
D
2019-01-15
2019-07-23
CALLON PETROLEUM COMPANY
D
2019-01-15
2019-07-18
CAPITAL ONE FINANCIAL CORP
D
2019-01-15
2019-08-07
DEUTSCHE BANK CONTINGENT CAPITAL TRUST V 8.05% PERPTL PFD
D
2019-01-15
2019-07-23
FEDL AGRIC MTG CORP
D
2019-01-15
2019-07-23
FIRST HORIZON NATL CORP PFD REPSTG
D
2019-01-15
2019-08-13
FIRST HORIZON NATL CORP PFD REPSTG
D
2019-01-15
2019-08-14
HUNTINGTON BANCSHARES INC DEP SHS
D
2019-01-15
2019-08-13
IBERIABANK CORP DEP SHS REPSTG 1/400TH INT
D
2019-01-15
2019-07-23
JP MORGAN CHASE & COMPANY
D
2019-01-15
2019-08-05
KKR & COMPANY INC SER A PFD
D
2019-01-15
2019-08-14
M&T BANK CORP CUML PERPETUAL PFD SER A
D
2019-01-15
2019-07-23
M&T BANK CORP CUML PERPETUAL PFD SER C
D
2019-01-15
2019-07-23
PNC FINL SVCS GRP INC
D
2019-01-15
2019-08-05
REGIONS FINANCIAL CORP DEP SHS 6.375%
D
2019-01-15
2019-08-12
REGIONS FINANCIAL CORP DEP SHS 6.375%
D
2019-01-15
2019-08-13
TEXAS CAPITAL BANCSHARES INC NON CUM
D
2019-01-15
2019-08-12
TEXAS CAPITAL BANCSHARES INC NON CUM
D
2019-01-15
2019-08-13
TEXAS CAPITAL BANCSHARES INC NON CUM
D
2019-01-15
2019-08-14
TEXAS CAPITAL BANCSHARES INC NON CUM
D
2019-01-15
2019-08-14
TEXAS CAPITAL BANCSHARES INC NON CUM
D
2019-01-15
2019-08-28
TEXAS CAPITAL BANCSHARES INC NON CUM
D
2019-01-15
2019-08-28
ARES CAPITAL CORP
D
2019-01-15
2019-07-23
DOUBLELINE INCOME SOLUTIONS FUND
D
2019-01-15
2019-06-11
ISHARES BARCLAYS 1-3 YR TSY BD (SHY)
D
2018-08-13
2019-06-11
ISHARES LONG-TERM CORP BND ETF (IGLB)
P
2018-08-13
2019-06-11
ISHARES MBS ETF (MBB)
P
2018-08-13
2019-06-11
ISHARES SHORT TREASURY BD ETF (SHV)
P
2018-08-13
2019-06-11
ISHARES TIPS BOND ETF (TIP)
P
2018-08-13
2019-06-11
CHILTON CNTY AL HC AUTH LTD
D
2019-01-15
2019-08-30
CHILTON CNTY AL HC AUTH LTD
D
2019-01-15
2019-08-30
JPMORGAN CHASE & CO DEP SHS REPSTG
D
2019-01-15
2019-08-07
SHELL INTERNATIONAL FINANCE BV
P
2019-06-20
2019-09-23
NBCUNIVERSAL MEDIA LLC
P
2019-07-19
2019-09-03
MGM RESPORTS INTERNATIONAL
P
2019-06-20
2019-12-18
VERIZON COMMUNICATIONS INC
P
2019-06-20
2019-08-09
VERIZON COMMUNICATIONS INC
P
2019-07-19
2019-08-09
VERIZON COMMUNICATIONS INC
P
2019-07-24
2019-08-09
VERIZON COMMUNICATIONS INC
P
2019-08-06
2019-08-09
TIAA FSB HOLDINGS INC
D
2019-01-15
2019-08-15
NEWELL BRANDS INC
P
2019-06-20
2019-08-15
NEWELL BRANDS INC
P
2019-07-19
2019-08-15
NEWELL BRANDS INC
P
2019-07-24
2019-08-15
NEWELL BRANDS INC
P
2019-08-08
2019-08-15
NEWELL BRANDS INC
P
2019-10-01
2019-11-20
RENASANT CORP SUB NOTE FXD/VAR
D
2019-01-15
2019-08-14
EL PASO ENERGY CAP PFD
D
2019-01-15
2019-07-23
GMAC CAPITAL TR I GTD TR PFD
D
2019-01-15
2019-08-13
TEXAS CAPITAL BANCSHARES INC SUB NOTE
D
2019-01-15
2019-08-14
NUSTAR LOGISTCIS LP
D
2019-01-15
2019-07-23
HANCOCK HOLDING COMPANY
D
2019-01-15
2019-08-29
TORCHMARK CORP JR SUB DEBENTURE
P
2018-09-27
2019-08-14
TORCHMARK CORP JR SUB DEBENTURE
D
2019-01-15
2019-08-28
WESTERN ALLIANCE BANCORP
D
2019-01-15
2019-08-28
UNITED STATES CELL CORP 6.95%
D
2019-01-15
2019-07-23
SOUTHERN COMPANY SER 2015A JR SUB NOTE
D
2019-01-15
2019-08-05
WESTERN ASSET SHT TERM BOND I
P
2019-06-19
2019-06-25
BANC CALIFORNIA INC SR NOTE
D
2019-01-15
2019-06-25
BANK OF OZARKS INC
D
2019-01-15
2019-06-25
ENCOMPASS HEALTH CORP
D
2019-01-15
2019-06-25
ENERGEN CORP SENIOR NOTE 4.625%
D
2019-01-15
2019-06-25
FRANKLIN FINL NETWORK INC SUB NOTE
D
2019-01-15
2019-06-25
SYNOVUS FINL CORP
D
2019-01-15
2019-06-25
UNITED STATES TREASURY BILL
P
2019-06-20
2019-07-11
UNITED STATES TREASURY BILL
P
2019-06-27
2019-07-11
UNITED STATES TREASURY BILL
P
2019-07-22
2019-07-25
UNITED STATES TREASURY BILL
P
2019-07-29
2019-08-01
UNITED STATES TREASURY BILL
P
2019-08-29
2019-09-05
UNITED STATES TREASURY BILL
P
2019-09-20
1929-09-26
CAPITAL GAINS DIVIDENDS
P
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
90,000
90,014
-14
b
6,238
7,411
-1,173
c
12,782
15,253
-2,471
d
14,774
14,685
89
e
5,011
5,634
-623
15,081
16,901
-1,820
24,815
25,076
-261
24,818
25,743
-925
23,905
20,375
3,530
18,759
21,025
-2,266
35,154
38,732
-3,578
51,966
52,110
-144
19,995
20,037
-42
25,860
26,159
-299
85,281
85,858
-577
14,774
14,999
-225
24,768
25,013
-245
52,048
52,283
-235
75,276
76,665
-1,389
20,020
20,010
10
103,604
103,964
-360
55,215
56,191
-976
9,796
9,976
-180
16,493
17,115
-622
17,387
17,650
-263
25,789
25,918
-129
30,346
30,461
-115
76,104
76,140
-36
46,363
46,922
-559
65,582
65,640
-58
45,900
46,337
-437
19,901
20,037
-136
53,745
53,983
-238
20,191
20,342
-151
20,150
20,297
-147
50,543
50,884
-341
25,422
25,644
-222
112,284
112,170
114
71,512
70,523
989
44,174
42,570
1,604
47,809
48,000
-191
26,958
27,275
-317
26,545
26,868
-323
18,759
18,800
-41
93,108
92,280
828
39,788
40,060
-272
72,052
71,670
382
50,760
51,243
-483
26,102
26,071
31
9,211
9,600
-389
59,338
58,770
568
22,237
22,320
-83
20,414
20,614
-200
4,986
5,106
-120
24,983
25,724
-741
5,009
5,075
-66
10,062
10,155
-93
20,105
20,281
-176
15,081
15,218
-137
38,155
38,340
-185
79,527
79,800
-273
49,620
49,435
185
53,921
53,390
531
54,082
52,860
1,222
91,336
89,420
1,916
35,154
38,591
-3,437
44,324
43,300
1,024
64,287
93,820
-29,533
85,167
84,900
267
25,470
26,030
-560
58,580
59,240
-660
105,586
105,010
576
25,985
25,640
345
57,749
55,880
1,869
56,965
55,880
1,085
56,793
55,880
913
57,988
55,880
2,108
121,651
121,920
-269
92,747
91,440
1,307
97,746
98,766
-1,020
184,612
184,900
-288
49,637
50,307
-670
46,495
47,221
-726
71,395
72,079
-684
52,737
53,426
-689
60,915
61,470
-555
33,452
33,989
-537
22,671
22,867
-196
37,589
37,947
-358
116,446
116,975
-529
93,666
93,580
86
60,197
55,990
4,207
28,959
29,000
-41
34,824
34,800
24
19,885
20,020
-135
77,011
77,720
-709
113,992
115,374
-1,382
48,476
48,748
-272
83,717
84,986
-1,269
82,100
82,995
-895
43,803
50,475
-6,672
125,025
111,060
13,965
77,038
77,510
-472
56,783
58,100
-1,317
127,437
128,340
-903
66,774
67,918
-1,144
30,886
31,243
-357
53,417
53,757
-340
47,122
46,890
232
50,634
50,860
-226
62,533
60,310
2,223
9,036
8,324
712
8,058
9,121
-1,063
7,237
9,775
-2,538
5,715
6,582
-867
7,674
8,536
-862
9,703
8,054
1,649
7,133
8,449
-1,316
49,574
59,654
-10,080
52,529
64,007
-11,478
187,269
203,532
-16,263
56,465
62,062
-5,597
50,086
59,637
-9,551
4,331
4,725
-394
5,471
5,065
406
7,302
8,316
-1,014
7,876
6,452
1,424
5,528
4,741
787
6,223
4,903
1,320
4,275
3,930
345
8,093
8,266
-173
7,416
9,283
-1,867
5,488
10,149
-4,661
7,751
9,101
-1,350
12,333
10,036
2,297
6,828
8,332
-1,504
8,497
9,277
-780
5,963
9,022
-3,059
4,228
4,006
222
139,037
130,220
8,817
7,709
7,839
-130
7,680
7,881
-201
3,977
3,858
119
92,314
106,780
-14,466
180,151
154,720
25,431
76,203
81,960
-5,757
10,222
8,957
1,265
57,775
57,889
-114
13
14
-1
9
9
0
9
9
0
52,438
51,900
538
55,270
58,242
-2,972
26,178
27,110
-932
50,000
52,430
-2,430
44,815
44,400
415
11,204
11,077
127
1,054
1,017
37
25,340
24,469
871
27,166
25,695
1,471
52,125
52,005
120
25,682
26,005
-323
51,364
51,555
-191
25,701
25,930
-229
26,308
26,055
253
36,362
32,500
3,862
17,377
15,947
1,430
6,863
6,575
288
10,003
9,362
641
7,265
7,160
105
23,646
22,402
1,244
27,066
25,693
1,373
9,788
9,263
525
67,692
65,693
1,999
14,695
14,667
28
31,347
30,611
736
25,583
25,200
383
52,066
52,305
-239
17,130
16,318
812
9,093
10,695
-1,602
2,044
1,964
80
25,549
25,380
169
25,439
25,168
271
25,423
24,121
1,302
104,712
102,800
1,912
61,629
58,180
3,449
100,000
102,909
-2,909
51,079
50,762
317
25,215
25,177
38
51,885
50,020
1,865
14,056
13,480
576
12,180
11,670
510
26,396
25,489
907
81,498
81,090
408
78,188
77,520
668
26,803
26,020
783
102,727
100,556
2,171
25,701
25,250
451
67,588
65,400
2,188
11,901
11,783
118
91,004
90,013
991
12,050
11,554
496
15,603
14,940
663
24,381
23,306
1,075
13,467
12,873
594
2,633
2,490
143
10,076
9,537
539
54,543
49,020
5,523
80,963
74,800
6,163
14,192
13,983
209
2,770
2,628
142
428
416
12
5,856
5,849
7
12,705
12,410
295
51,740
44,579
7,161
86,300
65,764
20,536
50,187
49,214
973
58,000
58,210
-210
58,138
58,290
-152
70,735
70,648
87
10,148
10,163
-15
15,222
15,248
-26
15,222
15,244
-22
5,074
5,079
-5
77,699
78,516
-817
10,313
9,949
364
15,469
15,013
456
15,469
15,068
401
5,156
5,124
32
71,680
72,380
-700
102,000
100,613
1,387
101,847
90,329
11,518
26,124
25,570
554
25,854
25,230
624
25,583
24,750
833
34,572
33,281
1,291
6,505
7,650
-1,145
115,861
111,395
4,466
77,002
73,741
3,261
25,549
24,140
1,409
103,746
103,160
586
326,163
325,327
836
50,529
49,759
770
101,063
101,772
-709
101,757
100,671
1,086
50,847
48,242
2,605
102,230
102,675
-445
102,285
100,792
1,493
61,000
60,932
68
561,000
560,612
388
600,000
599,903
97
20,000
19,997
3
974,000
973,715
285
376,000
375,885
115
3,370
3,370
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
-14
b
-1,173
c
-2,471
d
89
e
-623
-1,820
-261
-925
3,530
-2,266
-3,578
-144
-42
-299
-577
-225
-245
-235
-1,389
10
-360
-976
-180
-622
-263
-129
-115
-36
-559
-58
-437
-136
-238
-151
-147
-341
-222
114
989
1,604
-191
-317
-323
-41
828
-272
382
-483
31
-389
568
-83
-200
-120
-741
-66
-93
-176
-137
-185
-273
185
531
1,222
1,916
-3,437
1,024
-29,533
267
-560
-660
576
345
1,869
1,085
913
2,108
-269
1,307
-1,020
-288
-670
-726
-684
-689
-555
-537
-196
-358
-529
86
4,207
-41
24
-135
-709
-1,382
-272
-1,269
-895
-6,672
13,965
-472
-1,317
-903
-1,144
-357
-340
232
-226
2,223
712
-1,063
-2,538
-867
-862
1,649
-1,316
-10,080
-11,478
-16,263
-5,597
-9,551
-394
406
-1,014
1,424
787
1,320
345
-173
-1,867
-4,661
-1,350
2,297
-1,504
-780
-3,059
222
8,817
-130
-201
119
-14,466
25,431
-5,757
1,265
-114
-1
0
0
538
-2,972
-932
-2,430
415
127
37
871
1,471
120
-323
-191
-229
253
3,862
1,430
288
641
105
1,244
1,373
525
1,999
28
736
383
-239
812
-1,602
80
169
271
1,302
1,912
3,449
-2,909
317
38
1,865
576
510
907
408
668
783
2,171
451
2,188
118
991
496
663
1,075
594
143
539
5,523
6,163
209
142
12
7
295
7,161
20,536
973
-210
-152
87
-15
-26
-22
-5
-817
364
456
401
32
-700
1,387
11,518
554
624
833
1,291
-1,145
4,466
3,261
1,409
586
836
770
-709
1,086
2,605
-445
1,493
68
388
97
3
285
115
3,370
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
13,021
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
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?
Yes
No
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
405,000
1,282,267
0.315847
2017
567,700
1,072,121
0.529511
2016
462,500
1,318,678
0.350730
2015
317,470
322,544
0.984269
2014
657,354
292,265
2.249171
2
Total
of line 1, column (d)
.....................
2
4.429528
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
0.885906
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
15,116,403
5
Multiply line 4 by line 3
......................
5
13,391,712
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
5,053
7
Add lines 5 and 6
........................
7
13,396,765
8
Enter qualifying distributions from Part XII, line 4
,.............
8
463,000
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
and enter “N/A" on line 1.
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
10,106
here
and 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
10,106
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
10,106
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
3,382
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
3,382
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
6,724
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
Refunded
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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
No
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)
AL
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 address
N/A
14
The books are in care of
THE FOUNDATION
Telephone no.
(205) 290-4667
Located at
104 OXMOOR RD SUITE 144
BIRMINGHAM
AL
ZIP+4
35209
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
........
1b
Organizations relying on a current notice regarding disaster assistance check here
........
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?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
......
5b
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
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
HAROLD R STEPHENS
PRESIDENT AND TREASURER
2.00
36,000
0
0
1234 PARLIAMENT LANE
BIRMINGHAM
,
AL
35216
KIMBERLY E STEPHENS
EXECUTIVE DIRECTOR AND VICE PRESIDENT
2.00
30,000
0
0
112 RALEIGH AVENUE
BIRMINGHAM
,
AL
35209
STANLEY C HUNER
SECRETARY AND ASSISTANT TREASURER
1.00
18,000
0
0
536 MYSTIC VALLEY VIEW
STERRETT
,
AL
35147
JENNY T STEPHENS
VICE PRESIDENT
0.20
0
0
0
3474 HURRICANE ROAD
BIRMINGHAM
,
AL
35226
HAROLD R STEPHENS
CLASS B DIRECTOR
0.20
1,500
0
0
1234 PARLIAMENT LANE
BIRMINGHAM
,
AL
35216
KIMBERLY E STEPHENS
CLASS A DIRECTOR
0.20
1,500
0
0
112 RALEIGH AVENUE
BIRMINGHAM
,
AL
35209
DANA S TRAVIS
CLASS A DIRECTOR
0.20
1,500
0
0
1341 ANGLEWOOD DRIVE
BIRMINGHAM
,
AL
35216
VALERIE S WHITT
CLASS A DIRECTOR
0.20
1,500
0
0
3474 HURRICANE ROAD
HOOVER
,
AL
35226
STANLEY C HUNER
CLASS B DIRECTOR
0.20
1,500
0
0
536 MYSTIC VALLEY VIEW
STERRETT
,
AL
35147
JENNY T STEPHENS
CLASS A DIRECTOR
0.20
1,500
0
0
3474 HURRICANE ROAD
BIRMINGHAM
,
AL
35226
NATALIE S SLOVENSKY
CLASS A DIRECTOR
0.20
1,500
0
0
2634 FARGO DRIVE
HOOVER
,
AL
35226
NATHAN STEPHENS
CLASS A DIRECTOR
0.20
1,500
0
0
5325 HICKORY TRACE
HOOVER
,
AL
35244
JOSEPH R STEPHENS JR
CLASS A DIRECTOR
0.20
1,500
0
0
122 CANTER WAY
ALABASTER
,
AL
35007
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
NONE
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(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
.............
0
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
.........................
0
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
9,663,634
b
Average of monthly cash balances
.......................
1b
5,682,968
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
15,346,602
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
15,346,602
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
230,199
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
15,116,403
6
Minimum investment return.
Enter 5% of line 5
..................
6
755,820
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
755,820
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
10,106
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
10,106
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
745,714
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
745,714
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
745,714
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
463,000
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
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
463,000
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
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
463,000
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
745,714
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
643,033
b
From 2015
......
301,403
c
From 2016
......
397,099
d
From 2017
......
514,822
e
From 2018
......
342,505
f
Total
of lines 3a through e
........
2,198,862
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
463,000
a
Applied to 2018, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2019 distributable amount
.....
463,000
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2019.
282,714
282,714
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
1,916,148
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
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
360,319
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
1,555,829
10
Analysis of line 9:
a
Excess from 2015
....
301,403
b
Excess from 2016
....
397,099
c
Excess from 2017
....
514,822
d
Excess from 2018
....
342,505
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
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
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.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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)
a
Paid during the year
ST ELIAS MARONITE CHURCH
836 8TH ST S
BIRMINGHAM
,
AL
35205
N/A
SUPPORT NEEDS OF ORGANIZATION
25,000
ALZHEIMER'S ASSOCIATION
225 N MICHIGAN AVE FLOOR 17
CHICAGO
,
IL
60601
N/A
SUPPORT NEEDS OF ORGANIZATION
50,000
DIOCESE OF BIRMINGHAM IN ALABAMA
2121 3RD AVE N
BIRMINGHAM
,
AL
35203
N/A
SUPPORT NEEDS OF ORGANIZATION
50,000
SAINT PAUL'S CATHEDRAL
2120 3RD AVENUE N
BIRMINGHAM
,
AL
35203
N/A
SUPPORT NEEDS OF ORGANIZATION
58,000
SAMFORD UNIVERSITY
800 LAKESHORE DRIVE
BIRMINGHAM
,
AL
35229
N/A
SUPPORT NEEDS OF ORGANIZATION
30,000
ST MARGARETS FOUNDATION
1402 JEFFERSON AVE APT D
NEW ORLEANS
,
LA
70115
N/A
SUPPORT NEEDS OF ORGANIZATION
30,000
ST ROSE ACADEMY
1401 22ND ST S
BIRMINGHAM
,
AL
35205
N/A
SUPPORT NEEDS OF ORGANIZATION
20,000
EPARCHY OF OUR LADY OF LEBANON
1021 S 10TH ST
ST LOUIS
,
MO
63104
N/A
SUPPORT NEEDS OF ORGANIZATION
175,000
STEP UP FOR STUDENTS INC
4655 SALISBURY ROAD
JACKSONVILLE
,
FL
32256
N/A
SUPPORT NEEDS OF ORGANIZATION
25,000
Total
.................................
3a
463,000
b
Approved for future payment
Total
.................................
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
14
520,221
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
14
13,021
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)
..
0
533,242
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
533,242
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(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?
...........
Yes
No
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.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description