-
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
HARRY A AND MARGARET D TOWSLEY
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
924 N MAIN ST NO 1
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ANN ARBOR
,
MI
48104
A Employer identification number
38-6091798
B
Telephone number (see instructions)
(734) 660-2170
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)
$
68,954,438
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)
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
1,600,100
1,600,100
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
1,165,301
b
Gross sales price for all assets on line 6a
6,633,752
7
Capital gain net income (from Part IV, line 2)
...
1,165,301
8
Net short-term capital gain
.........
9
Income modifications
...........
650,000
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
........
2,765,401
2,765,401
650,000
13
Compensation of officers, directors, trustees, etc.
0
0
0
14
Other employee salaries and wages
......
13,441
0
13,441
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
4,720
4,720
0
c
Other professional fees (attach schedule)
....
63,251
60,641
2,610
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
23,273
0
3,273
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
13,800
0
13,800
21
Travel, conferences, and meetings
.......
2,575
0
2,575
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
31,205
0
31,208
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
152,265
65,361
66,907
25
Contributions, gifts, grants paid
.......
3,099,658
3,099,658
26
Total expenses and disbursements.
Add lines 24 and 25
3,251,923
65,361
3,166,565
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-486,522
b
Net investment income
(if negative, enter -0-)
2,700,040
c
Adjusted net income
(if negative, enter -0-)
...
650,000
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
.............
227,902
309,619
309,619
2
Savings and temporary cash investments
.........
6,572,486
7,374,665
7,374,665
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)
b
Investments—corporate stock (attach schedule)
.......
29,757,119
29,037,038
61,266,935
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
3,556
3,219
3,219
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
36,561,063
36,724,541
68,954,438
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
........
27,880,429
27,880,429
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
8,680,634
8,844,112
29
Total net assets or fund balances
(see instructions)
.....
36,561,063
36,724,541
30
Total liabilities and net assets/fund balances
(see instructions)
.
36,561,063
36,724,541
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
36,561,063
2
Enter amount from Part I, line 27a
.....................
2
-486,522
3
Other increases not included in line 2 (itemize)
3
650,000
4
Add lines 1, 2, and 3
..........................
4
36,724,541
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
36,724,541
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
OPTION CLOSED
P
b
SCHWAB SALES OF SECURITIES
P
c
DOW GROUP CIL
d
VANGUARD MUTUAL FUND SALES
P
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
19,428
19,428
b
4,131,383
4,082,095
49,288
c
222
12
210
d
2,482,719
1,386,344
1,096,375
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
19,428
b
49,288
c
210
d
1,096,375
e
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
1,165,301
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
3,349,684
71,942,433
0.046561
2017
3,387,368
69,427,624
0.048790
2016
3,071,190
60,733,431
0.050568
2015
2,931,305
60,863,265
0.048162
2014
2,412,092
61,930,338
0.038948
2
Total
of line 1, column (d)
.....................
2
0.233029
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
0.046606
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
66,949,539
5
Multiply line 4 by line 3
......................
5
3,120,250
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
27,000
7
Add lines 5 and 6
........................
7
3,147,250
8
Enter qualifying distributions from Part XII, line 4
,.............
8
3,166,565
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
27,000
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
27,000
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
27,000
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
56,729
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
56,729
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
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
29,729
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
29,729
Refunded
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.
$
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
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)
MI
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
TOWSLEYFOUNDATION.ORG
14
The books are in care of
MARY IVERS CPA
Telephone no.
(734) 994-7500
Located at
2929 PLYMOUTH ROAD STE 350
ANN ARBOR
MI
ZIP+4
48105
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
No
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
JUDITH D RUMELHART
VPRES/TRUSTEE
1.00
0
0
0
924 N MAIN ST STE 1
ANN ARBOR
,
MI
48104
MARY IVERS
TREASURER/TRUSTEE
4.00
0
0
0
924 N MAIN ST STE 1
ANN ARBOR
,
MI
48104
JENNIFER POTEAT
TRUSTEE
1.00
0
0
0
924 N MAIN ST STE 1
ANN ARBOR
,
MI
48104
MARGARET E THOMPSON
TRUSTEE
1.00
0
0
0
924 N MAIN ST STE 1
ANN ARBOR
,
MI
48104
STEVEN RIECKER
TRUSTEE
1.00
0
0
0
924 N MAIN ST STE 1
ANN ARBOR
,
MI
48104
DAVID WINSTON INGLISH
TRUSTEE
1.00
0
0
0
924 N MAIN ST STE 1
ANN ARBOR
,
MI
48104
DOUGLAS INGLISH
TRUSTEE
1.00
0
0
0
924 N MAIN ST STE 1
ANN ARBOR
,
MI
48104
TINA S VAN DAM
TRUSTEE
1.00
0
0
0
924 N MAIN ST STE 1
ANN ARBOR
,
MI
48104
C WENDELL DUNBAR
PRES/TRUSTEE
10.00
0
0
0
924 N MAIN ST STE 1
ANN ARBOR
,
MI
48104
LYNN T WHITE
TRUSTEE
1.00
0
0
0
924 N MAIN ST STE 1
ANN ARBOR
,
MI
48104
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
59,950,186
b
Average of monthly cash balances
.......................
1b
8,018,889
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
67,969,075
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
67,969,075
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
1,019,536
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
66,949,539
6
Minimum investment return.
Enter 5% of line 5
..................
6
3,347,477
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
3,347,477
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
27,000
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
27,000
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
3,320,477
4
Recoveries of amounts treated as qualifying distributions
................
4
650,000
5
Add lines 3 and 4
............................
5
3,970,477
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
3,970,477
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
3,166,565
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
3,166,565
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
27,000
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
3,139,565
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
3,970,477
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
2,819,087
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
......
f
Total
of lines 3a through e
........
0
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
3,166,565
a
Applied to 2018, but not more than line 2a
2,819,087
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
.....
347,478
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).)
6
Enter 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
..........
3,622,999
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
9
Excess 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
.......
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 e-mail address of the person to whom applications should be addressed:
C WENDELL DUNBAR PRESIDENT
924 N MAIN ST SUITE 1
ANN ARBOR
,
MI
48104
(734) 660-2170
b
The form in which applications should be submitted and information and materials they should include:
APPLICATION INFORMATION IS AVAILABLE ON THE ORGANIZATION'S WEBSITE, TOWSLEYFOUNDATION.ORG. GRANTS ARE NOT MADE TO INSTITUTIONS WHICH UNFAIRLY DISCRIMINATE IN POLICY OR PRACTICE BASED ON AGE, RACE, COLOR, CREED OR SEX. ORGANIZATIONS SEEKING AID FROM THE FOUNDATION SHOULD: 1. FORWARD A COPY OF THE TAX EXEMPT LETTER FROM THE IRS AND A COPY OF THE LETTER ESTABLISHING THAT THE APPLICANT IS NOT A PRIVATE FOUNDATION. 2. STATE THE AMOUNTS REQUESTED AND EXPLAIN THE NEED, IN THE FORMAT REQUESTED ON THE WEBSITE. 3. INCLUDE IN THE APPLICATION THE ORGANIZATION'S LATEST FINANCIAL STATEMENTS.
c
Any submission deadlines:
DEADLINES FOR CONSIDERATION AT EACH BOARD MEETING ARE POSTED ON THE FOUNDATION WEBSITE.
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
1. THE FOUNDATION DOES NOT MAKE DIRECT GRANTS TO INDIVIDUALS, PROVIDE LOAN FUNDS, OR MAKE GRANTS TO STUDENTS FOR SCHOLARSHIPS. 2. THE FOUNDATION DOES NOT MAKE GRANTS FOR TRAVEL AND CONFERENCES.
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
1ST UNITED METHODIST CHURCH
227 FULTON ST E
GRAND RAPIDS
,
MI
49503
NONE
PC
PROGRAM SUPPORT
5,000
826 MICHIGAN
115 E LIBERTY ST
ANN ARBOR
,
MI
48104
NONE
PC
PROGRAM SUPPORT
20,000
ALBION COLLEGE
611 E PORTER
ALBION
,
MI
49224
NONE
PC
PROGRAM SUPPORT
100,000
ALPENA COMMUNITY COLLEGE
665 JOHNSON ST
ALPENA
,
MI
49707
NONE
PC
PROGRAM SUPPORT
50,000
AMERICAN BIRD CONSERVANCY
PO BOX 249
THE PLAINS
,
VA
20198
NONE
PC
PROGRAM SUPPORT
200,000
ANN ARBOR SYMPHONY ORCHESTRA
35 RESEARCH DR SUITE 100
ANN ARBOR
,
MI
48103
NONE
PC
PROGRAM SUPPORT
15,000
ANN ARBOR TEEN CENTER NEUTRAL ZONE
310 E WASHINGTON
ANN ARBOR
,
MI
48104
NONE
PC
PROGRAM SUPPORT
25,000
BALLET CHELSEA
1050 S MAIN ST
CHELSEA
,
MI
48118
NONE
PC
PROGRAM SUPPORT
5,000
BOYS SCOUTS OF AMERICA SOUTHERN SHORES COUNCIL
3914 BESTECH RD
YPSILANTI
,
MI
48197
NONE
PC
PROGRAM SUPPORT
300
CALVIN COLLEGE
3201 BURTON SE
GRAND RAPIDS
,
MI
49546
NONE
PC
PROGRAM SUPPORT
100,000
CANCER SERVICES OF MIDLAND
400 ASHMAN ST SUITE 100
MIDLAND
,
MI
48640
NONE
PC
PROGRAM SUPPORT
5,000
CANCER SUPPORT COMMUNITY OF ANN ARBOR
2010 HOGBACK RD SUITE 3
ANN ARBOR
,
MI
48105
NONE
PC
PROGRAM SUPPORT
15,000
CONSERVATION RESOURCE ALLIANCE
10850 TRAVERSE HIGHWAY
TRAVERSE CITY
,
MI
49684
NONE
PC
PROGRAM SUPPORT
40,000
CORNER HEALTH CENTER
47 N HURON
YPSILANTI
,
MI
48197
NONE
PC
PROGRAM SUPPORT
40,000
CROOKED TREE ARTS CENTER
461 E MITCHELL
PETOSKEY
,
MI
49770
NONE
PC
PROGRAM SUPPORT
30,000
CULTURE SOURCE
6200 SECOND AVE SUITE 3
DETROIT
,
MI
48202
NONE
PC
PROGRAM SUPPORT
2,500
CULVER EDUCATION FOUNDATION
1300 ACADEMY RD
CULVER
,
IN
46511
NONE
PC
PROGRAM SUPPORT
5,000
DELTA COLLEGE FOUNDATION
1961 DELTA RD
UNIVERSITY CENTER
,
MI
48710
NONE
PC
PROGRAM SUPPORT
55,000
DRIFTSEED
2719 FORT DR
ALEXANDRIA
,
VA
22303
NONE
PC
PROGRAM SUPPORT
5,000
EDENVILLE TOWNSHIP
PO BOX 24
EDENVILLE
,
MI
48620
NONE
PC
PROGRAM SUPPORT
25,000
EDUCATE YOUTH 501(C)(3)
104 S HURON ST
YPSILANTI
,
MI
48197
NONE
PC
PROGRAM SUPPORT
12,000
ELE'S PLACE ANN ARBOR
3526 W LIBERTY STE 200
ANN ARBOR
,
MI
48103
NONE
PC
PROGRAM SUPPORT
51,000
FAMILY LEARNING INSTITUTE
1777 HIGHLAND DR
ANN ARBOR
,
MI
48108
NONE
PC
PROGRAM SUPPORT
20,000
FIDDLE ENSEMBLE INC
525 E MICHIGAN AVE SUITE 105
SALINE
,
MI
48176
NONE
PC
PROGRAM SUPPORT
5,000
FIRST CONGREGATIONAL CHURCH OF ANN ARBOR
608 E WILLIAM
ANN ARBOR
,
MI
48104
NONE
PC
PROGRAM SUPPORT
140,000
FOR LOVE OF WATER
153-1/2 E FRONT ST
TRAVERSE CITY
,
MI
49684
NONE
PC
PROGRAM SUPPORT
30,000
FRIENDS IN DEED
1196 ECORSE RD
YPSILANTI
,
MI
48198
NONE
PC
PROGRAM SUPPORT
20,000
FRIENDS OF THE MASTER
616 WASHTENAW AVE
YPSILANTI
,
MI
48197
NONE
PC
PROGRAM SUPPORT
50,000
GRAND RAPIDS SYMPHONY
300 OTTAWA AVE NW
GRAND RAPIDS
,
MI
49503
NONE
PC
PROGRAM SUPPORT
50,000
GRASS LAKE SANCTUARY
PO BOX 130842
ANN ARBOR
,
MI
48113
NONE
PC
PROGRAM SUPPORT
50,000
GROWING HOPE
922 W MICHIGAN AVE
YPSILANTI
,
MI
48197
NONE
PC
PROGRAM SUPPORT
25,000
HISPANIC POLICE OFFICERS ASSOCIATION OF MICHIGAN
9315 W FORT ST
DETROIT
,
MI
48210
NONE
PC
PROGRAM SUPPORT
10,000
HOPE CLINIC
PO BOX 980311
YPSILANTI
,
MI
48198
NONE
PC
PROGRAM SUPPORT
30,000
INTERFAITH HOSPITALITY NETWORK OF WASHTENAW COUNTY
4290 JACKSON RD
ANN ARBOR
,
MI
48103
NONE
PC
PROGRAM SUPPORT
16,000
JUNIOR ACHIEVEMENT OF CENTRAL MICHIGAN
309 E INDIAN
MIDLAND
,
MI
48640
NONE
PC
PROGRAM SUPPORT
15,000
LA JOLLA COUNTRY DAY SCHOOL
9490 GENESEE AVE
LA JOLLA
,
CA
92037
NONE
PC
PROGRAM SUPPORT
500
LAKE SUPERIOR STATE UNIVERSITY FOUNDATION
650 W EASTERDAY AVE
SAULT STE MARIE
,
MI
49783
NONE
PC
PROGRAM SUPPORT
50,000
LEGACY CENTER FOR COMMUNITY SERVICES
3200 JAMES SAVAGE RD
MIDLAND
,
MI
48642
NONE
PC
PROGRAM SUPPORT
5,000
MARY FREE BED
235 WEALTHY ST SE
GRAND RAPIDS
,
MI
49503
NONE
PC
PROGRAM SUPPORT
100,000
MASSACHUSETTS GENERAL HOSPITAL
125 NASHUA ST
BOSTON
,
MA
02114
NONE
PC
PROGRAM SUPPORT
5,000
MICHIGAN ABILITY PARTNERS
3810 PACKARD SUITE 260
ANN ARBOR
,
MI
48108
NONE
PC
PROGRAM SUPPORT
25,000
MICHIGAN FOSTER CARE CLOSET
7507 N TERRITORIAL RD
PLYMOUTH
,
MI
48170
NONE
PC
PROGRAM SUPPORT
20,000
MICHIGAN THEATER FOUNDATION
603 E LIBERTY
ANN ARBOR
,
MI
48104
NONE
PC
PROGRAM SUPPORT
200,000
MIDLAND AREA COMMUNITY FOUNDATION
76 ASHMAN CIRCLE
MIDLAND
,
MI
48640
NONE
PC
PROGRAM SUPPORT
5,000
MIDLAND COUNTY COUNCIL ON AGING
2008 BELAIRE ST
MIDLAND
,
MI
48642
NONE
PC
PROGRAM SUPPORT
50,000
MOUNT PLEASANT DISCOVERY MUSEUM
5093 E REMUS RD
MT PLEASANT
,
MI
48858
NONE
PC
PROGRAM SUPPORT
25,000
MUSTARD SEED SHELTER
1325 CHERRY ST
SAGINAW
,
MI
48601
NONE
PC
PROGRAM SUPPORT
5,000
NATIONAL WILDLIFE FEDERATION
213 W LIBERTY ST
ANN ARBOR
,
MI
48104
NONE
PC
PROGRAM SUPPORT
50,000
NORTHWESTERN MICHIGAN COLLEGE FOUNDATION
1701 E FRONT ST
TRAVERSE CITY
,
MI
49686
NONE
PC
PROGRAM SUPPORT
50,000
OUR HOUSE
2737 HOLYOKE
ANN ARBOR
,
MI
48103
NONE
PC
PROGRAM SUPPORT
2,500
OZONE HOUSE
1705 WASHTENAW
ANN ARBOR
,
MI
48104
NONE
PC
PROGRAM SUPPORT
100,000
PIVOT POINT
308 E LYON RD
MIDLAND
,
MI
48640
NONE
PC
PROGRAM SUPPORT
13,608
PLANNED PARENTHOOD OF MICHIGAN
950 VICTORS WAY STE 100
ANN ARBOR
,
MI
48108
NONE
PC
PROGRAM SUPPORT
100,000
REACHING OUR COMMUNITY KIDS
2205 S JEFFERSON AVE
MIDLAND
,
MI
48640
NONE
PC
PROGRAM SUPPORT
15,000
RONALD MCDONALD HOUSE OF WESTERN MICHIGAN
1323 CEDAR STREET NE
GRAND RAPIDS
,
MI
49503
NONE
PC
PROGRAM SUPPORT
2,750
S D HASENFELD CHILDRENS CENTER
1 PARK AVE 5TH FLOOR
NEW YORK
,
NY
10016
NONE
PC
PROGRAM SUPPORT
2,500
SHELTERHOUSE COUNCIL ON DOMESTIC VIOLENCE
3115 ISABELLA ST
MIDLAND
,
MI
48640
NONE
PC
PROGRAM SUPPORT
100,000
SOS COMMUNITY SERVICES
101 S HURON ST
YPSILANTI
,
MI
48197
NONE
PC
PROGRAM SUPPORT
20,000
ST JOSEPH MERCY HOSPITAL
PO BOX 995
ANN ARBOR
,
MI
48106
NONE
PC
PROGRAM SUPPORT
200,000
ST LOUIS CENTER
16195 OLD US 12
CHELSEA
,
MI
48118
NONE
PC
PROGRAM SUPPORT
151,000
STEWARDSHIP NETWORK
416 LONGSHORE DR
ANN ARBOR
,
MI
48105
NONE
PC
PROGRAM SUPPORT
40,000
THE BRIDGE FOOD CENTER
1539 WASHINGTON
MIDLAND
,
MI
48640
NONE
PC
PROGRAM SUPPORT
5,000
THE FERRIS FOUNDATION
420 OAK ST
BIG RAPIDS
,
MI
49307
NONE
PC
PROGRAM SUPPORT
50,000
UM LIBRARY
818 HATCHER GRADUATE LIBRARY
ANN ARBOR
,
MI
48109
NONE
PC
PROGRAM SUPPORT
200,000
UM LIFE SCIENCES INSTITUTE
3003 S STATE ST STE 9000
ANN ARBOR
,
MI
48109
NONE
PC
PROGRAM SUPPORT
20,000
UM MUSEUM OF ART
525 S STATE ST
ANN ARBOR
,
MI
48109
NONE
PC
PROGRAM SUPPORT
3,000
UM WILLIAM L CLEMENTS LIBRARY
909 S UNIVERSITY
ANN ARBOR
,
MI
48109
NONE
PC
PROGRAM SUPPORT
3,000
UNITED METHODIST RETIREMENT COMMUNITIES FOUNDATION
805 W MIDDLE ST
CHELSEA
,
MI
48118
NONE
PC
PROGRAM SUPPORT
100,000
UNITED WAY OF WASHTENAW COUNTY
2305 PLATT RD
ANN ARBOR
,
MI
48104
NONE
PC
PROGRAM SUPPORT
3,000
URBAN INSTITUTE FOR CONTEMPORARY ARTS AT KENDALL COLLEGE
2 FULTON ST W
GRAND RAPIDS
,
MI
49503
NONE
PC
PROGRAM SUPPORT
5,000
VOICES FOR CHILDREN
2851 MEADOW LARK A
SAN DIEGO
,
CA
92123
NONE
PC
PROGRAM SUPPORT
1,000
WASHTENAW HOUSING ALLIANCE
PO BOX 7993
ANN ARBOR
,
MI
48107
NONE
PC
PROGRAM SUPPORT
50,000
WE THE PEOPLE OPPORTUNITY CENTER
806 HILYARD ROBINSON WAY
YPSILANTI
,
MI
48917
NONE
PC
PROGRAM SUPPORT
5,000
WEDGEWOOD CHRISTIAN SERVICES
3300 36TH ST SE
GRAND RAPIDS
,
MI
49512
NONE
PC
PROGRAM SUPPORT
20,000
WEST MIDLAND FAMILY CENTER
4011 W ISABELLA RD
SHEPHERD
,
MI
48883
NONE
PC
PROGRAM SUPPORT
30,000
Total
.................................
3a
3,099,658
b
Approved for future payment
ARBOR HOSPICE FOUNDATION
2366 OAK VALLEY DRIVE
ANN ARBOR
,
MI
48103
NONE
PC
PROGRAM SUPPORT
150,000
CHILDRENS LEUKEMIA FOUNDATION
27240 HAGGERTY RD SUITE E15
FARMINGTON HILLS
,
MI
48331
NONE
PC
PROGRAM SUPPORT
10,000
DETROIT HORSE POWER
34414 FIRST ST
DETROIT
,
MI
48210
NONE
PC
PROGRAM SUPPORT
15,000
FLOYD J MCCREE THEATRE
2040 W CARPENTER RD
FLINT
,
MI
48505
NONE
PC
PROGRAM SUPPORT
10,000
FRIENDS IN DEED
1196 ECORSE RD
YPSILANTI
,
MI
48198
NONE
PC
PROGRAM SUPPORT
40,000
GIRL SCOUTS HEART OF MICHIGAN
444 JAMES L HART PKWY
YPSILANTI
,
MI
48197
NONE
PC
PROGRAM SUPPORT
15,000
GLADWIN COMMUNITY SERVICES
215 S ANTLER ST
GLADWIN
,
MI
48624
NONE
PC
PROGRAM SUPPORT
10,000
GREATER LANSING FOOD BANK
PO BOX
LANSING
,
MI
48901
NONE
PC
PROGRAM SUPPORT
10,000
GREATER MIDLAND COMMUNITY CENTER
2205 JEFFERSON AVE
MIDLAND
,
MI
48640
NONE
PC
PROGRAM SUPPORT
12,000
HOSPITALITY HOUSE OF THE UPPER PENINSULA
1414 W FAIR AVE SUITE 204
MARQUETTE
,
MI
49855
NONE
PC
PROGRAM SUPPORT
50,000
INTERFAITH HOSPITALITY NETWORK OF WASHTENAW COUNTY
4290 JACKSON RD
ANN ARBOR
,
MI
48103
NONE
PC
PROGRAM SUPPORT
30,000
JUNIOR ACHIEVEMENT OF CENTRAL MICHIGAN
309 E INDIAN
MIDLAND
,
MI
48640
NONE
PC
PROGRAM SUPPORT
30,000
KETTERING UNIVERSITY
1700 UNIVERSITY AVE
FLINT
,
MI
48504
NONE
PC
PROGRAM SUPPORT
50,000
KIDS FOOD BASKET
1300 PLYMOUTH AVE NE
GRAND RAPIDS
,
MI
49505
NONE
PC
PROGRAM SUPPORT
5,000
MICHIGAN ABILITY PARTNERS
3810 PACKARD SUITE 260
ANN ARBOR
,
MI
48108
NONE
PC
PROGRAM SUPPORT
25,000
MICHIGAN FOSTER CARE CLOSET
7507 N TERRITORIAL RD
PLYMOUTH
,
MI
48170
NONE
PC
PROGRAM SUPPORT
30,000
MUNSON HEALTHCARE FOUNDATION
1150 MEDICAL CAMPUS DR
TRAVERSE CITY
,
MI
49684
NONE
PC
PROGRAM SUPPORT
250,000
NATURE CONSERVANCY
101 E GRAND RIVER
LANSING
,
MI
48906
NONE
PC
PROGRAM SUPPORT
750,000
PADDLE ANTRIM
PO BOX 323
ELK RAPIDS
,
MI
49629
NONE
PC
PROGRAM SUPPORT
27,500
REACHING OUR COMMUNITY KIDS
2205 S JEFFERSON AVE
MIDLAND
,
MI
48640
NONE
PC
PROGRAM SUPPORT
30,000
SOS COMMUNITY SERVICES
101 S HURON ST
YPSILANTI
,
MI
48197
NONE
PC
PROGRAM SUPPORT
20,000
SPRING ARBOR UNIVERSITY
106 E MAIN ST
SPRING ARBOR
,
MI
49283
NONE
PC
PROGRAM SUPPORT
150,000
UM SCHOOL OF MUSIC THEATRE & DANCE
1100 BAITS DR
ANN ARBOR
,
MI
48109
NONE
PC
PROGRAM SUPPORT
750,000
WEST MICHIGAN SYMPHONY ORCHESTRA
360 W WESTERN AVE SUITE 200
MUSKEGON
,
MI
49440
NONE
PC
PROGRAM SUPPORT
15,000
WEST MIDLAND FAMILY CENTER
4011 W ISABELLA RD
SHEPHERD
,
MI
48883
NONE
PC
PROGRAM SUPPORT
30,000
Total
.................................
3b
2,514,500
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
1,600,100
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
............
18
1,165,301
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
2,765,401
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
2,765,401
(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.)
4
FUNDS FOR GRANT MAKING
8
FUNDS FOR GRANT MAKING
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