TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
THE ROBERTS FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)400 MILLSTONE DRIVE NO 202
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
HILLSBOROUGH, NC27278

A Employer identification number

82-1589307

B Telephone number (see instructions)

(919) 918-7565

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$10,192,416J Accounting method: Cash Accrual
Other (specify)MODIFIED CASH
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(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	637		637
4	Dividends and interest from securities...	203,563		203,563
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-119,667
b	Gross sales price for all assets on line 6a 1,961,399
7	Capital gain net income (from Part IV, line 2)...			0
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).......		26	26
12	Total. Add lines 1 through 11........	84,559		204,226
13	Compensation of officers, directors, trustees, etc.	30,000		0	30,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	2,295		0	2,295
16a	Legal fees (attach schedule).........		551	0	551
b	Accounting fees (attach schedule).......		6,000	0	6,000
c	Other professional fees (attach schedule)....		54,602	54,602	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,325	576	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		7,618	342	7,276
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	103,391		55,520	46,122
25	Contributions, gifts, grants paid.......	213,150			213,150
26	Total expenses and disbursements. Add lines 24 and 25	316,541		55,520	259,272
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-231,982
b	Net investment income (if negative, enter -0-)			148,706
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	251,433	311,855	311,855
	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)	1,088,950	802,711	802,711
	b	Investments—corporate stock (attach schedule).......	4,226,676	5,098,588	5,098,588
	c	Investments—corporate bonds (attach schedule).......	1,580,258	1,501,046	1,501,046
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,254,107	2,478,216	2,478,216
	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)	9,401,424	10,192,416	10,192,416
	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...........	9,401,424	10,192,416
	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	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	9,401,424	10,192,416
	30	Total liabilities and net assets/fund balances (see instructions).	9,401,424	10,192,416

Part III

Analysis of Changes in Net Assets or Fund Balances

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

9,401,424

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

-231,982

Other increases not included in line 2 (itemize) bullet

1,022,974

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

10,192,416

Decreases not included in line 2 (itemize) bullet

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

10,192,416

Form 990-PF (2020)

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
1 a	SALE OF PUBLICLY TRADED SECURITIES	P
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,943,171	2,081,066	-137,895
b	18,228		18,228
c
d
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			-137,895
b			18,228
c
d
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	-119,667
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

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

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	Reserved................................	1	2,067
c	All other domestic foundations enter 1.39% 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	2,067
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	2,067
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	1,600
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	1,600
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	467
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 2021 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

and Part XV..................................

Yes

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

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

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

Yes

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

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

DAVID G MCINTEE Telephone no. bullet

(919) 918-7565

Located at bullet

400 MILLSTONE DRIVE STE 202HILLSBOROUGHNC ZIP+4 bullet

27278

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

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

16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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? YesNo

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

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

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

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

(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)?...............YesNo

(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.).......YesNo

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

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

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

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

that were not corrected before the first day of the tax year beginning in 2020?.............

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

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

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2020 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 2020.)..................

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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-)
DAVID G MCINTEE	PRESIDENT 12.00	30,000
400 MILLSTONE DR HILLSBOROUGH,NC27278	PRESIDENT 12.00	30,000
DIANE T MCINTEE	VICE PRESIDENT 2.00	0
400 MILLSTONE DR HILLSBOROUGH,NC27278	VICE PRESIDENT 2.00	0
MEGHAN K RACHFORD	VICE PRESIDENT 1.00	0
400 MILLSTONE DR HILLSBOROUGH,NC27278	VICE PRESIDENT 1.00	0
MELISSA K MCINTEE	SECRETARY 1.00	0
400 MILLSTONE DR HILLSBOROUGH,NC27278	SECRETARY 1.00	0
RYAN D MCINTEE	DIRECTOR 1.00	0
400 MILLSTONE DR HILLSBOROUGH,NC27278	DIRECTOR 1.00	0

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 (2020)

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
HAMILTON POINT INVESTMENT ADVISORS LLC	INVESTMENT ADVISORY FEES	54,602
100 EUROPA DR STE 425 CHAPEL HILL,NC27517	INVESTMENT ADVISORY FEES	54,602

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	WINTER COAT DRIVE SPONSORED BY FAMILY PROMISE OF HALL COUNTY	289
2	MEALS FOR FAMILIES STAYING AT THE RONALD MCDONALD HOUSE	2,184
3	AUTUMN AUCTION SPONSORED BY THE RONALD MCDONALD HOUSE	508
4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

9,007,439

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

285,239

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

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

9,292,678

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

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

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

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

9,292,678

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

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

139,390

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

9,153,288

Minimum investment return. Enter 5% of line 5..................

457,664

Part XI

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

and do not complete this part.)

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

457,664

Tax on investment income for 2020 from Part VI, line 5......

2,067

Income tax for 2020. (This does not include the tax from Part VI.)...

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

2,067

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

455,597

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

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

455,597

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

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

455,597

Part XII

Qualifying Distributions (see instructions)

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

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

259,272

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

259,272

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

259,272

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 (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					455,597
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	176,374
b From 2016......	339,446
c From 2017......	529,136
d From 2018......
e From 2019......
fTotal of lines 3a through e........		1,044,956
4Qualifying distributions for 2020 from Part
XII, line 4: $ 259,272
a Applied to 2019, 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 2020 distributable amount.....					259,272
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		196,325			196,325
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		848,631
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					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 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		848,631
10 Analysis of line 9:
a Excess from 2016....	319,495
b Excess from 2017....	529,136
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

Form 990-PF (2020)

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 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2020)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHILDRENS MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY,UT84101	N/A	PC	PROGRAM SUPPORT - CHILDRENS HOSPITALS	1,000
COMMUNTIY FOOD BANK OF NJ 31 EVANS TERMINAL HILLSIDE,NJ07205	N/A	PC	PROGRAM SUPPORT - FOOD BANK	3,000
CRESSWIND COMMMUNITY FOUNDATION 3300 CRESSWINA MARINA RD GAINESVILLE,GA30504	N/A	PC	COMMUNITY RELIEF PROGRAMS	2,000
CURE CHILDHOOD CANCER 200 ASHFORD CENTER N ATLANTA,GA30338	N/A	PC	PEDIATRIC ONCOLOGY RESEARCH	5,000
DUKE CHILDRENS 2301 ERWIN ROAD DURHAM,NC27705	N/A	PC	PEDIATRIC RHEUMATOLOGY FELLOW RESEARCH FUNDING	40,000
DUKE CHILDRENS 2301 ERWIN ROAD DURHAM,NC27705	N/A	PC	FAMILY SUPPORT	1,000
DUKE CHILDRENS 2301 ERWIN ROAD DURHAM,NC27705	N/A	PC	CAPITAL GRANT - NEW CHILDRENS HOSPITAL	20,000
FAMILY PROMISE OF HALL COUNTY 3606 MCEVER RD OAKWOOD,GA30566	N/A	PC	FOOD & TOY OUTREACH FUND; GENERAL OPERATIONS	4,000
FOLDS OF HONOR 5800 N PATRIOT DR OWASSO,OK74055	N/A	PC	SCHOLARSHIP FUND	2,400
FRANCISCAN MISSION OUTREACH PO BOX 1086 SECAUCUS,NJ07096	N/A	PC	HONDURAS MISSION	2,000
ITN LANIER 430 PRIOR ST SE GAINESVILLE,GA30501	N/A	PC	GENERAL PROGRAMS SUPPORT	1,000
MJ FOX FOUNDATION GRAND CENTRAL STATION NEW YORK,NY10163	N/A	PC	PARKINSONS DISEASE RESEARCH	1,000
ORANGE COUNTY SOCIAL SERVICES 113 MAYO ST HILLSBOROUGH,NC27278	N/A	PC	TOYS FOR TOTS PROGRAMS	1,000
OUR WILD NEIGHBORS 1705 NC HIGHWAY 10 HILLSBOROUGH,NC27275	N/A	PC	GENERAL PROGRAMS SUPPORT	3,500
RONALD MCDONALD HOUSE - CHAPEL HILL 101 OLD MASON FARM ROAD CHAPEL HILL,NC27517	N/A	PC	HOUSE OPERATIONAL SUPPORT	45,000
RONALD MCDONALD HOUSE - DURHAM 506 ALEXANDER AVE DURHAM,NC27705	N/A	PC	HOUSE OPERATIONAL SUPPORT	25,000
SAINT PETER'S UNIVERSITY 2641 KENNEDY BLVD JERSEY CITY,NJ07306	N/A	PC	SCHOLARSHIP FUND	20,000
SALVATION ARMY 909 LIBERTY STREET DURHAM,NC27701	N/A	PC	GENERAL PROGRAMS SUPPORT	1,000
ST FRANCIS BREADLINE 144 WEST 32ND STREE NEW YORK,NY10001	N/A	PC	FOOD PANTRY AND MEALS FOR THE HOMELESS	5,000
ST JUDE CHILDRENS RESEARCH HOSPITAL 262 DANNY THOMAS PLACE MEMPHIS,TN38105	N/A	PC	PEDIATRIC ONCOLOGY RESEARCH	500
ST JOSEPH'S HS 308 NEW MANNSDALE ROAD MADISON,MS39110	N/A	PC	SCHOLARSHIPS AND GENERAL SUPPORT	27,500
ST VINCENT DE PAUL SOCIETY 2050-C CHAMBLEE TCKER RD ATLANTA,GA30314	N/A	PC	TOYS FOR TOTS PROGRAMS	1,000
STEPHEN SILLER TUNNEL FOR TOWERS FOUNDATION 2361 HYLAN BLVD STATEN ISLAND,NY10306	N/A	PC	FINANCIAL SUPPORT FOR OUR MILITARY & FIRST RESONDERS	1,000
UNC TV 10 UNC-TV DRIVE RESEARCH TRIANGLE PARK,NC27709	N/A	PC	GENERAL PROGRAMS SUPPORT	250
Total ................................. 3a				213,150

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	637
4 Dividends and interest from securities....			14	203,563
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....			14	26
8 Gain or (loss) from sales of assets other than inventory ............			18	-119,667
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		84,559	0

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

84,559

(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 (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

THE ROBERTS FOUNDATION INC

EIN:

82-1589307

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION SERVICES	6,000	0		6,000

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE ROBERTS FOUNDATION INC

EIN:

82-1589307

Name of Bond	End of Year Book Value	End of Year Fair Market Value
GENERAL DYNAMICS CORP	80,811	80,811
CATERPILLAR FINL SVCS S BE	80,676	80,676
PEPSICO INC	103,893	103,893
SHELL INTERNATIONAL	103,483	103,483
JPMORGAN CHASE AND CO	82,179	82,179
AFLAC INC	86,256	86,256
HOME DEPOT INC	87,722	87,722
MASTERCARD INC	109,577	109,577
MERCK & CO INC	108,632	108,632
EXXON MOBIL CORP	97,171	97,171
KIMBERLY CLARK CORP	88,576	88,576
COCA COLA CO	79,536	79,536
COMCAST CORP	99,019	99,019
DOLLAR GEN CORP	68,878	68,878
MCDONALDS CORP	57,357	57,357
PFIZER INC	55,808	55,808
TARGET CORP	56,172	56,172
WALGREENS BOOTS ALLIANCE INC	55,300	55,300

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE ROBERTS FOUNDATION INC

EIN:

82-1589307

Name of Stock	End of Year Book Value	End of Year Fair Market Value
450 SH OF ACCENTURE PLC CLS A	117,545	117,545
610 SH OF EATON CORP PLC COM	73,284	73,284
990 SH OF CHECK POINT SOFTWARE TECHNOLOGIES	131,581	131,581
1,535 SH OF AT&T INC COM	44,147	44,147
65 SH OF ALPHABET INC CAP STK CL C	113,872	113,872
1,005 SH OF AMERICAN EXPRESS CO COM	121,515	121,515
515 SH OF AMGEN INC	118,409	118,409
1,600 SH OF APPLE INC COM	212,304	212,304
600 SH OF AUTOMATIC DATA PROCESSING INC COM	105,720	105,720
2,150 SH OF BK OF AMERICA CORP	58,652	58,652
465 SH OF BECTON DICKINSON &CO COM	116,352	116,352
590 SH OF BROADRIDGE FINANCIAL SOLUTION INC	90,388	90,388
1,160 SH OF CAMPBELL SOUP CO CAP	56,086	56,086
1,570 SH OF CHURCH &DWIGHT COM	136,951	136,951
2,610 SH OF CISCO SYS INC COM	116,798	116,798
785 SH OF COLGATE-PALMOLIVE CO COM	67,125	67,125
190 SH OF COOPER COS INC COM	69,031	69,031
645 SH OF DANAHER CORPORATION COM	143,280	143,280
280 SH OF DEERE & COMPANY	75,334	75,334
400 SH OF DOLLAR GEN CORP NEW COM	84,120	84,120
2,805 SH OF EBAY INC	140,951	140,951
1,340 SH OF EMCOR GROUP INC COM STK	122,556	122,556
1,010 SH OF ESSENTIAL UTILS INC COM	47,763	47,763
450 SH OF FACEBOOK INC-CLASS A	122,922	122,922
480 SH OF F5 NETWORKS INC	84,451	84,451
755 SH OF FIRST REPUBLIC BANK SAN FRANCISCO	110,932	110,932
1,820 SH OF GENTEX CORP COM	61,753	61,753
175 SH OF GENUINE PARTS CO COM	17,575	17,575
720 SH OF GLAXOSMITHKLINE PLC SPONSORED ADR	26,496	26,496
310 SH OF HUBBELL INC COM	48,605	48,605
225 SH OF INTERNATIONAL BUS MACH CORP COM	28,323	28,323
425 SH OF JPMORGAN CHASE & CO COM	54,005	54,005
545 SH OF JOHNSON &JOHNSON COM	85,772	85,772
2,145 SH OF JPMORGAN CHASE &CO	55,598	55,598
445 SH OF LEGGETT &PLATT INC COM	19,714	19,714
275 SH OF LITTELFUSE INC	70,032	70,032
365 SH OF MAIN STREET CAPITAL CORP COM	11,775	11,775
510 SH OF MCGRATH RENTCORP	34,221	34,221
605 SH OF MICROSOFT CORP	134,564	134,564
1,120 SH OF NEXTERA ENERGY INC COM	86,408	86,408
840 SH OF NIKE INC CLASS B COM NPV	118,835	118,835
2,430 SH OF PNC FINL SVCS GROUP INC	65,075	65,075
365 SH OF PEPSICO INC	54,126	54,126
1,834 SH OF RAYTHEON CO COM NEW	131,149	131,149
1,900 SH OF RELX PLC SPON ADS EACH REPR 1 ORD	46,854	46,854
630 SH OF RIO TINTO ADR EACH REP 1	47,389	47,389
150 SH OF ROPER TECHNOLOGIES INC	64,664	64,664
3,735 SH OF SCHNEIDER ELECTRIC SE	108,128	108,128
910 SH OF SKYWORKS SOLUTIONS INC COM	139,121	139,121
1,670 SH OF TJX COS INC NEW COM	114,044	114,044
610 SH OF TEXAS INSTRUMENTS INC COM	100,119	100,119
350 SH OF 3M COMPANY	61,177	61,177
2,300 SH OF TRUIST FINL CORP	58,995	58,995
1,815 SH OF UNILEVER PLC SPON ADR	109,553	109,553
955 SH OF VERIZON COMMUNICATIONS	56,106	56,106
335 SH OF WALMART INC COM	48,290	48,290
515 SH OF WASTE MANAGEMENT INC	60,734	60,734
185 SH OF WATSCO INC	41,912	41,912
520 SH OF WATERS CORP	128,658	128,658
700 SH OF WILLIAMS SONOMA INC COM	71,288	71,288
810 SH OF YETI HLDGS INC COM	55,461	55,461

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

THE ROBERTS FOUNDATION INC

EIN:

82-1589307

US Government Securities - End of Year Book Value:

802,711

US Government Securities - End of Year Fair Market Value:

802,711

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

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

THE ROBERTS FOUNDATION INC

EIN:

82-1589307

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
8,978 SH OF HARDING LOEVNER INTL EQUITY PORT INSTL	FMV	255,160	255,160
3,661 SH OF LOOMIS SAYLES SMALL CAP VALUE INSTL	FMV	96,469	96,469
3,408 SH OF MATTHEWS PACIFIC TIGER FUND INSTL	FMV	118,952	118,952
21,872 SH OF VIRTUS VONTOBEL EMERG MKTS OPPS I	FMV	290,467	290,467
8,818 SH OF VIRTUS KAR INTL SMALL CAP CL	FMV	206,345	206,345
7,646 SH OF VIRTUS KAR EMERG MKTS SMALL CAP I	FMV	133,352	133,352
9,041 SH OF FIDELITY INFLAT-PROT BD INDEX FUND	FMV	99,807	99,807
19,627 SH OF FIDELITY CORPORATE BOND FUND	FMV	254,954	254,954
4,725 SH OF FID INTER TREASURY BOND INDEX FUND	FMV	55,381	55,381
39,669 SH OF INVESCO INTERNATIONAL BOND Y	FMV	232,066	232,066
38,241 SH OF DOUBLELINE TOTAL RETURN BOND FD CL I	FMV	409,178	409,178
19,737 SH OF THE OSTERWEIS STRATEGIC INCOME FD	FMV	224,013	224,013
5,630 SH OF ISHARES GOLD TRUST ISHARES	FMV	102,072	102,072

- TIN:

TY 2020 LegalFeesSchedule

Name:

THE ROBERTS FOUNDATION INC

EIN:

82-1589307

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL SERVICES	551	0		551

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE ROBERTS FOUNDATION INC

EIN:

82-1589307

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
DUES & SUBSCRIPTIONS	1,014	0	1,014
INSURANCE	750	0	750
OFFICE EXPENSE	1,165	0	1,165
ADR FEES	242	242	0
PAYROLL PROCESSING FEES	1,191	0	1,191
FILING FEES	175	0	175
DIRECT CHARITABLE EXPENSES	2,981	0	2,981
OTHER INVESTMENT EXPENSES	100	100	0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

THE ROBERTS FOUNDATION INC

EIN:

82-1589307

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
THROUGH FIDELITY	26	26	26

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

THE ROBERTS FOUNDATION INC

EIN:

82-1589307

Description	Amount
UNREALIZED GAIN	1,022,974

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

THE ROBERTS FOUNDATION INC

EIN:

82-1589307

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	54,602	54,602		0

- TIN:

TY 2020 TaxesSchedule

Name:

THE ROBERTS FOUNDATION INC

EIN:

82-1589307

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX	1,749	0		0
FOREIGN TAX	576	576		0