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.
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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 HUGH KAUL FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)REGIONS BANK TRUST DEPT P O BOX 1
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, AL35202

A Employer identification number

63-6158725

B Telephone number (see instructions)

(205) 820-3141

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

$72,337,575J Accounting method: Cash Accrual
Other (specify)
(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	(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...	556,639		552,756
5a	Gross rents............	35,661		35,661
b	Net rental income or (loss) 35,661
6a	Net gain or (loss) from sale of assets not on line 10		2,019,330
b	Gross sales price for all assets on line 6a 12,793,951
7	Capital gain net income (from Part IV, line 2)...			2,019,330
8	Net short-term capital gain.........				0
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).......		148,327	145,675
12	Total. Add lines 1 through 11........	2,759,957		2,753,422
13	Compensation of officers, directors, trustees, etc.	94,529		75,623		18,906
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		2,500	0	0	0
c	Other professional fees (attach schedule)....		179,071	179,071		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		38,380	16,631		0
19	Depreciation (attach schedule) and depletion...		7,171	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		22,159	19,970
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	343,810		291,295	0	18,906
25	Contributions, gifts, grants paid.......	2,596,000				2,596,000
26	Total expenses and disbursements. Add lines 24 and 25	2,939,810		291,295	0	2,614,906
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-179,853
b	Net investment income (if negative, enter -0-)			2,462,127
c	Adjusted net income (if negative, enter -0-)...				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.........	598,416	130,526	130,526
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis 3,416,620
		Less: accumulated depreciation (attach schedule)	3,501,551	3,416,620	14,055,005
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	34,352,481	34,603,595	56,922,760
	14	Land, buildings, and equipment: basis 7,123
		Less: accumulated depreciation (attach schedule) 7,123			7,123
	15	Other assets (describe )	479,993	466,137	1,222,161
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	38,932,441	38,616,878	72,337,575
	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
		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........	38,932,441	38,616,878
	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).....	38,932,441	38,616,878
	30	Total liabilities and net assets/fund balances (see instructions).	38,932,441	38,616,878

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) ...............

38,932,441

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

-179,853

Other increases not included in line 2 (itemize) bullet

822

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

38,753,410

Decreases not included in line 2 (itemize) bullet

136,532

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

38,616,878

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	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	180. APPLE INC		2019-02-11	2020-01-10
b	200. BANK OF AMERICA CORP		2017-12-05	2020-01-10
c	1448. DUPONT DE NEMOURS INC		2019-12-05	2020-01-10
d	1190. GILEAD SCIENCES INC		2018-10-10	2020-01-10
e	250. GILEAD SCIENCES INC		2019-08-29	2020-01-10
	50. JPMORGAN CHASE & CO		2011-12-21	2020-01-10
	80. LILLY ELI & CO		2019-08-29	2020-01-10
	20. LILLY ELI & CO		2016-12-14	2020-01-10
	30. MICROSOFT CORP COM		2016-06-09	2020-01-10
	80. TEXAS INSTRS INC		2019-11-19	2020-01-10
	40. EATON CORP PLC		2016-04-12	2020-01-10
	10. EATON CORP PLC		2019-01-16	2020-01-10
	94. NVIDIA CORP		2019-03-20	2020-01-15
	77. NVIDIA CORP		2019-03-20	2020-01-16
	5. ALPHABET INC		2019-06-04	2020-01-17
	11. ALPHABET INC		2018-10-11	2020-01-17
	44. CVS HEALTH CORP		2018-12-19	2020-01-17
	256. FACEBOOK INC		2019-11-13	2020-01-17
	140. MCKESSON HBOC INC		2018-07-31	2020-01-17
	16. MCKESSON HBOC INC		2018-07-31	2020-01-21
	18. S & P GLOBAL INC		2017-01-23	2020-01-21
	58. MCKESSON HBOC INC		2018-07-31	2020-01-22
	65. S & P GLOBAL INC		2017-01-23	2020-01-22
	21. ALPHABET INC		2019-06-04	2020-01-24
	66. MASTERCARD INC		2013-06-13	2020-01-24
	48. MASTERCARD INC		2019-10-30	2020-01-24
	215. VISA INC		2013-06-13	2020-01-24
	51. MCKESSON HBOC INC		2018-07-31	2020-02-18
	53. MCKESSON HBOC INC		2018-07-31	2020-02-19
	100. NVIDIA CORP		2019-03-20	2020-02-21
	184. MCKESSON HBOC INC		2018-08-01	2020-02-24
	57. S & P GLOBAL INC		2017-01-23	2020-02-24
	57. EVEREST RE GROUP LTD		2013-06-13	2020-02-24
	236. MICROSOFT CORP COM		2018-12-11	2020-02-26
	47. EVEREST RE GROUP LTD		2013-06-13	2020-02-26
	36. AMERICAN TOWER CORP		2020-01-22	2020-02-27
	115. AMERISOURCEBERGEN CORP		2016-11-03	2020-02-27
	76. BROOKFIELD ASSET MANAGEMENT INC		2019-08-19	2020-02-27
	103. MCKESSON HBOC INC		2018-08-01	2020-02-27
	83. NVIDIA CORP		2019-03-20	2020-02-27
	31. S & P GLOBAL INC		2017-01-23	2020-02-27
	186. AMERICAN TOWER CORP		2020-01-22	2020-02-28
	22. AMERISOURCEBERGEN CORP		2019-05-13	2020-02-28
	351. AMERISOURCEBERGEN CORP		2017-11-15	2020-02-28
	224. MCKESSON HBOC INC		2018-08-01	2020-02-28
	124. MCKESSON HBOC INC		2019-04-29	2020-02-28
	30. S & P GLOBAL INC		2017-01-23	2020-02-28
	773. BROOKFIELD ASSET MANAGEMENT INC		2019-08-16	2020-03-02
	154. EVEREST RE GROUP LTD		2013-06-13	2020-03-02
	593. AMERISOURCEBERGEN CORP		2019-05-01	2020-03-03
	381. AMERISOURCEBERGEN CORP		2017-11-14	2020-03-03
	27. ANTHEM INC		2019-07-24	2020-03-06
	94. ANTHEM INC		2019-06-11	2020-03-06
	298. BROOKFIELD ASSET MANAGEMENT INC		2019-08-15	2020-03-09
	172. S & P GLOBAL INC		2017-01-23	2020-03-09
	583. UNITED PARCEL SERVICE INC		2020-01-17	2020-03-09
	28. UNITED PARCEL SERVICE INC		2018-04-02	2020-03-09
	461. BROOKFIELD ASSET MANAGEMENT INC		2019-08-07	2020-03-10
	400. UNITED PARCEL SERVICE INC		2019-06-07	2020-03-10
	324. UNITED PARCEL SERVICE INC		2018-12-21	2020-03-10
	24.00003 ANTHEM INC		2019-06-11	2020-03-13
	37.99997 ANTHEM INC		2019-06-12	2020-03-13
	320. BROADCOM INC		2019-08-29	2020-03-16
	47. MASTERCARD INC		2013-06-13	2020-03-16
	69. NVIDIA CORP		2019-03-20	2020-03-16
	630. ONEOK INC NEW		2018-01-23	2020-03-16
	800. SCHLUMBERGER LTD		2019-09-04	2020-03-16
	540. SCHLUMBERGER LTD		2018-11-29	2020-03-16
	24. AMAZON COM INC		2018-11-02	2020-03-17
	46. MARRIOTT INTL INC NEW CL A		2019-02-25	2020-03-17
	209.00001 MARRIOTT INTL INC NEW CL A		2019-12-05	2020-03-17
	559.99999 MARRIOTT INTL INC NEW CL A		2019-12-05	2020-03-17
	89. VISA INC		2013-06-13	2020-03-17
	409.99953 CVS HEALTH CORP		2019-01-16	2020-03-18
	127.00047 CVS HEALTH CORP		2018-12-21	2020-03-18
	560. MARRIOTT INTL INC NEW CL A		2019-11-23	2020-03-18
	726. MARRIOTT INTL INC NEW CL A		2019-02-25	2020-03-18
	323. ORACLE CORPORATION COM		2019-08-27	2020-03-18
	413. ORACLE CORPORATION COM		2019-08-27	2020-03-23
	293. ORACLE CORPORATION COM		2013-06-21	2020-03-23
	3876. AIRBUS SE		2020-03-03	2020-03-24
	3771. AIRBUS SE		2020-02-25	2020-03-25
	216.00005 AIRBUS SE		2019-11-14	2020-03-30
	860.99995 AIRBUS SE		2019-11-19	2020-03-30
	1194. AIRBUS SE		2019-11-21	2020-03-31
	120. ABBVIE INC		2020-01-10	2020-04-03
	160. ALLIANT ENERGY CORP		2013-07-09	2020-04-03
	30. BLACKROCK INC		2018-10-10	2020-04-03
	1280. CISCO SYSTEMS INC		2019-12-05	2020-04-03
	120. CLOROX CO/THE		2018-02-26	2020-04-03
	230. DOMINION ENERGY INC		2019-12-05	2020-04-03
	1180. EXXON MOBIL CORP		2017-12-05	2020-04-03
	3240. FIFTH THIRD BANCORP		2019-12-05	2020-04-03
	80. GALLAGHER ARTHUR J & CO		2011-12-21	2020-04-03
	210. LILLY ELI & CO		2016-12-14	2020-04-03
	160. MICROSOFT CORP COM		2016-06-09	2020-04-03
	150. NASDAQ INC		2018-04-02	2020-04-03
	90. NEXTERA ENERGY INC		2011-12-21	2020-04-03
	80. PEPSICO INC COM		2019-08-29	2020-04-03
	110. PROCTER & GAMBLE CO		2017-05-26	2020-04-03
	230. SYSCO CORP		2019-08-29	2020-04-03
	150. UNITED PARCEL SERVICE INC		2019-12-05	2020-04-03
	720. UNITED PARCEL SERVICE INC		2019-01-16	2020-04-03
	290. WATSCO INC		2019-01-16	2020-04-03
	4360. INVESCO LTD		2019-04-02	2020-04-03
	1350. INVESCO LTD		2019-09-04	2020-04-03
	1694. AIRBUS SE		2020-02-25	2020-04-06
	470. HILTON WORLDWIDE HOLDINGS INC		2020-02-28	2020-04-06
	566. AIRBUS SE		2020-03-03	2020-04-07
	1992. AIRBUS SE		2019-01-07	2020-04-07
	319. HILTON WORLDWIDE HOLDINGS INC		2020-02-08	2020-04-07
	4759. WHITBREAD PLC-SPON ADR		2020-02-21	2020-04-07
	254.0001 HILTON WORLDWIDE HOLDINGS INC		2020-03-05	2020-04-08
	114.9999 HILTON WORLDWIDE HOLDINGS INC		2020-02-27	2020-04-08
	2397. AIRBUS SE		2017-10-06	2020-04-09
	259.99983 HILTON WORLDWIDE HOLDINGS INC		2020-02-09	2020-04-09
	136.00017 HILTON WORLDWIDE HOLDINGS INC		2020-02-09	2020-04-09
	5443. WHITBREAD PLC-SPON ADR		2020-02-20	2020-04-09
	130. HILTON WORLDWIDE HOLDINGS INC		2020-01-19	2020-04-14
	19. AMAZON COM INC		2020-04-09	2020-04-21
	.33 RAYTHEON TECHNOLOGIES CORP		2012-03-15	2020-04-22
	13428.955 DODGE & COX FDS INTL STK FD		2019-12-19	2020-05-07
	95706.562 DODGE & COX FDS INTL STK FD		2018-12-19	2020-05-07
	1296. SWISS RE AG		2019-08-15	2020-05-13
	1993. SWISS RE AG		2015-06-05	2020-05-13
	87. EVEREST RE GROUP LTD		2013-06-13	2020-05-13
	15. EVEREST RE GROUP LTD		2013-06-13	2020-05-14
	150. CHEVRON CORP		2020-01-10	2020-05-15
	330. CHEVRON CORP		2018-02-26	2020-05-15
	100. EQUITY RESIDENTIAL		2020-04-03	2020-05-15
	570. EQUITY RESIDENTIAL		2019-04-02	2020-05-15
	1147. SWISS RE AG		2015-06-05	2020-05-15
	440. TRUIST FINANCIAL CORP		2019-04-05	2020-05-15
	820. TRUIST FINANCIAL CORP		2020-04-03	2020-05-15
	1040. EATON CORP PLC		2016-04-12	2020-05-15
	1310. SWISS RE AG		2015-06-05	2020-05-18
	93. EVEREST RE GROUP LTD		2013-06-13	2020-05-18
	1310. SWISS RE AG		2016-08-03	2020-05-19
	31. BOOKING HOLDINGS INC		2019-04-24	2020-05-27
	673. HOWMET AEROSPACE INC		2020-05-27	2020-05-29
	27. HOWMET AEROSPACE INC		2020-05-27	2020-06-01
	35. BOOKING HOLDINGS INC		2019-04-30	2020-06-03
	4. BOOKING HOLDINGS INC		2020-02-24	2020-06-03
	4370. WHITBREAD PLC-SPON ADR		1901-01-01	2020-06-16
	23. BOOKING HOLDINGS INC		2020-02-28	2020-06-18
	13. CREDIT ACCEP CORP MICH		2020-01-29	2020-06-18
	114. SKYWORKS SOLUTIONS INC		2018-04-20	2020-06-18
	4. BOOKING HOLDINGS INC		2020-02-27	2020-06-19
	45. CREDIT ACCEP CORP MICH		2020-01-29	2020-06-19
	171. SKYWORKS SOLUTIONS INC		2018-04-23	2020-06-19
	47. SKYWORKS SOLUTIONS INC		2020-03-09	2020-06-19
	115. SKYWORKS SOLUTIONS INC		2020-03-09	2020-06-22
	114. FACEBOOK INC		2019-08-27	2020-06-24
	19. MASTERCARD INC		2020-04-09	2020-06-24
	58. MICROSOFT CORP COM		2020-03-25	2020-06-24
	17. NVIDIA CORP		2019-03-20	2020-06-24
	12. SKYWORKS SOLUTIONS INC		2020-03-09	2020-06-24
	66. SKYWORKS SOLUTIONS INC		2018-04-24	2020-06-24
	7. AMAZON COM INC		2020-04-07	2020-06-26
	1322. NATIONAL-OILWELL INC		2017-08-10	2020-06-30
	757. NATIONAL-OILWELL INC		2017-08-15	2020-07-01
	572. NATIONAL-OILWELL INC		2017-08-14	2020-07-02
	417. CVS HEALTH CORP		2019-01-17	2020-07-06
	2216. NATIONAL-OILWELL INC		2017-08-17	2020-07-06
	445. NATIONAL-OILWELL INC		2016-02-03	2020-07-07
	5. AMAZON COM INC		2020-04-07	2020-07-08
	346. CVS HEALTH CORP		2019-01-17	2020-07-08
	405. NATIONAL-OILWELL INC		2019-04-23	2020-07-08
	202. NATIONAL-OILWELL INC		2019-04-25	2020-07-09
	5. AMAZON COM INC		2020-04-07	2020-07-10
	120. SALESFORCE COM INC		2020-06-18	2020-07-10
	401. NATIONAL-OILWELL INC		2019-04-25	2020-07-13
	444. NATIONAL-OILWELL INC		2019-04-25	2020-07-14
	358. NATIONAL-OILWELL INC		2018-12-20	2020-07-15
	34. NVIDIA CORP		2019-06-07	2020-07-15
	221. NATIONAL-OILWELL INC		2018-12-20	2020-07-17
	1857. NATIONAL-OILWELL INC		2018-12-27	2020-07-21
	2136. NATIONAL-OILWELL INC		2019-05-24	2020-07-24
	75. ALPHABET INC		2020-03-31	2020-07-28
	1027. ORACLE CORPORATION COM		2020-05-28	2020-07-28
	394. ORACLE CORPORATION COM		2013-06-21	2020-07-28
	534. ORACLE CORPORATION COM		2013-06-21	2020-07-29
	22. NVIDIA CORP		2019-06-07	2020-08-24
	61. NVIDIA CORP		2019-06-06	2020-08-25
	149. NVIDIA CORP		2019-06-06	2020-08-26
	50. NVIDIA CORP		2019-06-05	2020-08-27
	50. NVIDIA CORP		2019-06-04	2020-08-28
	863. HASBRO INC		2019-04-02	2020-09-15
	180. HASBRO INC		2020-04-03	2020-09-15
	110. QUALCOMM INC		2015-12-18	2020-09-15
	525. RAYTHEON TECHNOLOGIES CORP		2012-03-15	2020-09-15
	220. RAYTHEON TECHNOLOGIES CORP		2020-05-15	2020-09-15
	70. TEXAS INSTRS INC		2019-04-02	2020-09-15
	225. QORVO INC		2020-02-25	2020-09-25
	235. SKYWORKS SOLUTIONS INC		2018-11-07	2020-09-25
	85. SKYWORKS SOLUTIONS INC		2018-10-29	2020-09-29
	152. SKYWORKS SOLUTIONS INC		2020-03-17	2020-09-29
	2. QORVO INC		2019-05-24	2020-09-30
	395. QORVO INC		2020-03-20	2020-09-30
	130. QORVO INC		2019-05-24	2020-10-05
	63. QORVO INC		2019-05-24	2020-10-06
	191. QORVO INC		2019-05-24	2020-10-08
	88. SKYWORKS SOLUTIONS INC		2018-11-16	2020-10-08
	74. SKYWORKS SOLUTIONS INC		2020-03-17	2020-10-08
	72. QORVO INC		2019-05-23	2020-10-12
	228. SKYWORKS SOLUTIONS INC		2019-05-24	2020-10-12
	83. QORVO INC		2019-05-23	2020-10-13
	31. SKYWORKS SOLUTIONS INC		2019-05-24	2020-10-13
	137. QORVO INC		2018-12-20	2020-10-14
	19. SKYWORKS SOLUTIONS INC		2019-05-24	2020-10-16
	93. CREDIT ACCEP CORP MICH		2019-12-31	2020-10-29
	534. ORACLE CORPORATION COM		2013-06-21	2020-10-29
	8. ALPHABET INC		2020-03-24	2020-10-30
	39. CREDIT ACCEP CORP MICH		2019-12-31	2020-11-02
	2784. GENERAL ELECTRIC CO		2020-07-06	2020-11-02
	126. QORVO INC		2019-01-04	2020-11-02
	48. CREDIT ACCEP CORP MICH		2020-02-04	2020-11-06
	57. CREDIT ACCEP CORP MICH		2020-02-04	2020-11-09
	80. CREDIT ACCEP CORP MICH		2020-03-04	2020-11-11
	2067. GENERAL ELECTRIC CO		2020-07-06	2020-11-11
	91. CREDIT ACCEP CORP MICH		2020-03-11	2020-11-13
	12905.69 EMERALD GROWTH FUND		2015-08-12	2020-11-13
	6297.426 EMERALD GROWTH FUND		2019-12-16	2020-11-13
	300.991 ROWE T PRICE BLUE CHIP GROWTH FD INC		2019-12-13	2020-11-13
	13935.206 ROWE T PRICE BLUE CHIP GROWTH FD INC		2015-08-17	2020-11-13
	547.612 VANGUARD INSTL INDEX FD SH BEN INT		2001-12-13	2020-11-13
	1169.261 VANGUARD INSTL INDEX FD SH BEN INT		2020-09-28	2020-11-13
	21. CREDIT ACCEP CORP MICH		2020-03-03	2020-11-16
	52. CREDIT ACCEP CORP MICH		2020-09-01	2020-11-17
	52. CREDIT ACCEP CORP MICH		2020-09-08	2020-11-19
	71. CREDIT ACCEP CORP MICH		2020-09-09	2020-11-24
	52. CREDIT ACCEP CORP MICH		2020-03-20	2020-11-30
	42. CREDIT ACCEP CORP MICH		2020-03-23	2020-12-01
	100. CVS HEALTH CORP		2020-01-10	2020-12-11
	30. CVS HEALTH CORP		2020-11-17	2020-12-11
	100. VERIZON COMMUNICATIONS COM		2020-09-15	2020-12-11
	20. VERIZON COMMUNICATIONS COM		2020-11-17	2020-12-11
	1100. GENERAL ELECTRIC CO		2020-07-06	2020-12-17
	187. 100.00 % INTEREST IN COOSA COUNTY, AL		2000-01-01	2020-12-31
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	56,164	30,696	25,468
b	6,982	5,824	1,158
c	88,041	108,091	-20,050
d	78,091	91,114	-13,023
e	16,406	16,315	91
	6,835	1,611	5,224
	10,971	8,947	2,024
	2,743	1,360	1,383
	4,884	1,553	3,331
	10,465	9,507	958
	3,818	2,176	1,642
	954	650	304
	23,138	16,516	6,622
	19,081	13,529	5,552
	7,333	5,199	2,134
	16,133	12,037	4,096
	3,346	3,104	242
	56,727	48,591	8,136
	21,835	17,752	4,083
	2,496	2,019	477
	5,347	2,084	3,263
	9,050	7,317	1,733
	19,369	7,526	11,843
	30,795	21,836	8,959
	21,313	3,725	17,588
	15,501	13,223	2,278
	43,984	9,661	34,323
	8,571	6,434	2,137
	8,901	6,686	2,215
	29,424	17,571	11,853
	30,596	23,046	7,550
	16,633	6,600	10,033
	16,151	7,238	8,913
	40,669	25,862	14,807
	12,987	5,968	7,019
	8,554	8,520	34
	10,123	8,665	1,458
	4,651	3,886	765
	15,344	12,880	2,464
	21,260	14,584	6,676
	8,377	3,589	4,788
	41,366	43,509	-2,143
	1,826	1,648	178
	29,126	26,389	2,737
	31,526	27,784	3,742
	17,452	14,696	2,756
	7,819	3,474	4,345
	46,979	38,982	7,997
	39,418	19,554	19,864
	51,503	43,602	7,901
	33,091	28,499	4,592
	7,447	7,812	-365
	25,927	26,691	-764
	16,480	14,745	1,735
	42,410	19,635	22,775
	51,284	65,329	-14,045
	2,463	2,884	-421
	25,618	22,331	3,287
	36,059	39,083	-3,024
	29,207	30,746	-1,539
	6,119	6,815	-696
	9,689	10,742	-1,053
	63,078	91,031	-27,953
	11,429	2,652	8,777
	14,630	12,124	2,506
	16,551	33,622	-17,071
	12,120	27,102	-14,982
	8,181	24,921	-16,740
	43,394	39,641	3,753
	3,601	5,965	-2,364
	16,361	29,245	-12,884
	43,839	76,238	-32,399
	13,942	3,999	9,943
	22,430	26,977	-4,547
	6,948	8,186	-1,238
	29,870	98,695	-68,825
	38,725	89,265	-50,540
	14,050	16,943	-2,893
	18,398	21,664	-3,266
	13,052	8,926	4,126
	57,919	129,161	-71,242
	60,861	160,198	-99,337
	3,617	10,539	-6,922
	14,419	41,526	-27,107
	19,550	52,885	-33,335
	8,851	10,772	-1,921
	7,310	4,078	3,232
	12,481	13,145	-664
	49,660	55,823	-6,163
	21,441	15,691	5,750
	15,886	18,591	-2,705
	46,215	98,905	-52,690
	43,591	96,631	-53,040
	6,152	2,645	3,507
	29,413	13,890	15,523
	24,723	8,283	16,440
	14,082	12,846	1,236
	19,866	5,305	14,561
	9,869	10,884	-1,015
	12,510	9,584	2,926
	8,897	17,063	-8,166
	13,626	16,445	-2,819
	65,406	83,195	-17,789
	43,655	41,364	2,291
	34,134	100,016	-65,882
	10,569	21,209	-10,640
	24,318	62,278	-37,960
	29,466	46,891	-17,425
	8,842	17,846	-9,004
	31,119	47,732	-16,613
	21,815	33,435	-11,620
	39,413	75,093	-35,680
	17,462	24,093	-6,631
	7,906	10,861	-2,955
	39,291	57,293	-18,002
	18,202	23,269	-5,067
	9,521	11,740	-2,219
	50,467	83,609	-33,142
	9,192	10,838	-1,646
	44,642	38,564	6,078
	20	7	13
	426,101	579,760	-153,659
	3,036,769	3,504,573	-467,804
	20,730	32,342	-11,612
	31,879	44,919	-13,040
	14,365	11,047	3,318
	2,428	1,905	523
	13,591	17,643	-4,052
	29,901	34,838	-4,937
	5,599	5,292	307
	31,917	42,845	-10,928
	17,451	25,852	-8,401
	13,927	13,702	225
	25,955	22,089	3,866
	77,257	56,563	20,694
	20,932	29,526	-8,594
	16,634	11,809	4,825
	20,876	27,464	-6,588
	52,864	58,460	-5,596
	8,755	9,367	-612
	360	376	-16
	60,452	65,700	-5,248
	6,909	7,227	-318
	7,128		7,128
	37,400	38,625	-1,225
	5,602	5,966	-364
	14,724	10,373	4,351
	6,593	6,680	-87
	19,275	20,349	-1,074
	21,993	15,456	6,537
	6,045	4,195	1,850
	14,668	10,264	4,404
	26,651	20,810	5,841
	5,581	5,187	394
	11,518	8,926	2,592
	6,297	2,987	3,310
	1,515	1,071	444
	8,334	5,807	2,527
	19,049	14,152	4,897
	16,162	46,603	-30,441
	9,050	23,022	-13,972
	6,983	17,528	-10,545
	27,069	29,196	-2,127
	27,390	64,320	-36,930
	5,245	12,410	-7,165
	15,115	10,109	5,006
	21,693	22,000	-307
	4,690	11,292	-6,602
	2,214	5,457	-3,243
	15,791	10,109	5,682
	23,726	22,262	1,464
	4,471	10,589	-6,118
	5,064	11,710	-6,646
	4,216	9,352	-5,136
	13,714	5,853	7,861
	2,524	5,668	-3,144
	22,248	47,429	-25,181
	27,019	50,663	-23,644
	113,587	87,826	25,761
	56,911	55,517	1,394
	21,833	12,003	9,830
	29,712	16,269	13,443
	11,197	3,201	7,996
	31,052	8,716	22,336
	76,116	21,174	54,942
	25,608	7,024	18,584
	25,737	7,004	18,733
	67,134	53,167	13,967
	14,002	15,026	-1,024
	12,815	5,252	7,563
	32,316	11,797	20,519
	13,542	11,508	2,034
	9,882	7,648	2,234
	28,172	21,648	6,524
	32,237	19,857	12,380
	12,301	6,920	5,381
	21,997	11,478	10,519
	259	124	135
	51,230	30,052	21,178
	17,388	8,061	9,327
	8,403	3,906	4,497
	25,842	11,762	14,080
	13,300	6,395	6,905
	11,184	5,588	5,596
	9,923	4,352	5,571
	35,818	16,122	19,696
	11,288	5,000	6,288
	4,874	2,153	2,721
	18,540	8,186	10,354
	2,930	1,320	1,610
	29,769	41,166	-11,397
	29,931	16,269	13,662
	13,058	8,892	4,166
	12,134	17,095	-4,961
	20,767	19,457	1,310
	16,018	7,326	8,692
	15,092	20,884	-5,792
	18,765	24,755	-5,990
	25,208	34,622	-9,414
	18,357	14,446	3,911
	28,561	38,738	-10,177
	430,792	289,604	141,188
	210,208	168,042	42,166
	48,628	36,546	12,082
	2,251,372	1,052,805	1,198,567
	175,427	57,072	118,355
	374,573	306,881	67,692
	6,644	8,780	-2,136
	16,338	19,656	-3,318
	16,135	19,327	-3,192
	21,831	24,061	-2,230
	15,626	14,874	752
	13,015	9,744	3,271
	7,070	7,288	-218
	2,121	2,040	81
	6,029	6,078	-49
	1,206	1,215	-9
	11,946	7,634	4,312
	449,545	84,932	364,613
			818,409
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			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409
			818,409

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			25,468
b			1,158
c			-20,050
d			-13,023
e			91
			5,224
			2,024
			1,383
			3,331
			958
			1,642
			304
			6,622
			5,552
			2,134
			4,096
			242
			8,136
			4,083
			477
			3,263
			1,733
			11,843
			8,959
			17,588
			2,278
			34,323
			2,137
			2,215
			11,853
			7,550
			10,033
			8,913
			14,807
			7,019
			34
			1,458
			765
			2,464
			6,676
			4,788
			-2,143
			178
			2,737
			3,742
			2,756
			4,345
			7,997
			19,864
			7,901
			4,592
			-365
			-764
			1,735
			22,775
			-14,045
			-421
			3,287
			-3,024
			-1,539
			-696
			-1,053
			-27,953
			8,777
			2,506
			-17,071
			-14,982
			-16,740
			3,753
			-2,364
			-12,884
			-32,399
			9,943
			-4,547
			-1,238
			-68,825
			-50,540
			-2,893
			-3,266
			4,126
			-71,242
			-99,337
			-6,922
			-27,107
			-33,335
			-1,921
			3,232
			-664
			-6,163
			5,750
			-2,705
			-52,690
			-53,040
			3,507
			15,523
			16,440
			1,236
			14,561
			-1,015
			2,926
			-8,166
			-2,819
			-17,789
			2,291
			-65,882
			-10,640
			-37,960
			-17,425
			-9,004
			-16,613
			-11,620
			-35,680
			-6,631
			-2,955
			-18,002
			-5,067
			-2,219
			-33,142
			-1,646
			6,078
			13
			-153,659
			-467,804
			-11,612
			-13,040
			3,318
			523
			-4,052
			-4,937
			307
			-10,928
			-8,401
			225
			3,866
			20,694
			-8,594
			4,825
			-6,588
			-5,596
			-612
			-16
			-5,248
			-318
			7,128
			-1,225
			-364
			4,351
			-87
			-1,074
			6,537
			1,850
			4,404
			5,841
			394
			2,592
			3,310
			444
			2,527
			4,897
			-30,441
			-13,972
			-10,545
			-2,127
			-36,930
			-7,165
			5,006
			-307
			-6,602
			-3,243
			5,682
			1,464
			-6,118
			-6,646
			-5,136
			7,861
			-3,144
			-25,181
			-23,644
			25,761
			1,394
			9,830
			13,443
			7,996
			22,336
			54,942
			18,584
			18,733
			13,967
			-1,024
			7,563
			20,519
			2,034
			2,234
			6,524
			12,380
			5,381
			10,519
			135
			21,178
			9,327
			4,497
			14,080
			6,905
			5,596
			5,571
			19,696
			6,288
			2,721
			10,354
			1,610
			-11,397
			13,662
			4,166
			-4,961
			1,310
			8,692
			-5,792
			-5,990
			-9,414
			3,911
			-10,177
			141,188
			42,166
			12,082
			1,198,567
			118,355
			67,692
			-2,136
			-3,318
			-3,192
			-2,230
			752
			3,271
			-218
			81
			-49
			-9
			4,312
			364,613

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	2,019,330
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	34,224
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	34,224
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	34,224
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	7,870
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

7	Total credits and payments. Add lines 6a through 6d..............		7	7,870
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	46
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	26,400
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 tax0	Refunded	11	0

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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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?........

Yes

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

Yes

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

REGIONS BANK TRUST DEPT Telephone no. bullet

(205) 820-3141

Located at bullet

250 RIVERCHASE PARKWAY EASTBIRMINGHAMAL ZIP+4 bullet

35244

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-)
MR JOHN KAUL GREENE	DIRECTOR 3	0
C/O WM BLAIR CO 222 W ADAMS ST CHICAGO,IL60606	DIRECTOR 3	0
MR JOHN J MCMAHON JR	DIRECTOR 3	0
C/O RBC-5TH FLOOR 1927 1ST AVE N BIRMINGHAM,AL35203	DIRECTOR 3	0
MR DON JAMES	DIRECTOR 3	0
PO BOX 385014 BIRMINGHAM,AL352385014	DIRECTOR 3	0
DR NANCY E DUNLAP	DIRECTOR 3	0
BDB 355 1530 THIRD AVENUE SOUTH BIRMINGHAM,AL35294	DIRECTOR 3	0
MS HILLERY HEAD PERKINS	DIRECTOR 3	0
3620 8TH AVENUE SOUTH BIRMINGHAM,AL35222	DIRECTOR 3	0
MR SAMUEL E YATES	DIRECTOR 3	0
C/O TMS PO BOX 736 TALLADEGA,AL35161	DIRECTOR 3	0
MR H CORBIN DAY	DIRECTOR 3	0
2001 PARK PLACE TOWER SUITE 320 BIRMINGHAM AL,AL35222	DIRECTOR 3	0
MS MAYE HEAD FREI	DIRECTOR 3	0
3620 8TH AVENUE SOUTH BIRMINGHAM,AL35222	DIRECTOR 3	0
MS ELIZABETH YATES SCRIBNER	DIRECTOR 3	0
C/O REGIONS BANK 1900 5TH AVENUE N BIRMINGHAM,AL35203	DIRECTOR 3	0
REGIONS BANK	TRUSTEE 1	94,529
250 RIVERCHASE PARKWAY EAST BIRMINGHAM,AL35244	TRUSTEE 1	94,529

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
NONE

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (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...................

66,353,102

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

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

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

66,353,102

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

66,353,102

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

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

995,297

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

65,357,805

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

3,267,890

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

3,267,890

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

34,224

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

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

34,224

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

3,233,666

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

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

3,233,666

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

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

3,233,666

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 ..........

2,614,906

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

2,614,906

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

2,614,906

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					3,233,666
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......	0
b From 2016......	0
c From 2017......	503,415
d From 2018......	0
e From 2019......	0
fTotal of lines 3a through e........		503,415
4Qualifying distributions for 2020 from Part
XII, line 4: $ 2,614,906
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.....					2,614,906
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		503,415			503,415
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 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 ..........					115,345
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 ......		0
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

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 e-mail address of the person to whom applications should be addressed:

MARCIE BRASWELL
1900 5TH AVENUE NORTH SUITE 2500
BIRMINGHAM,AL35203
(205) 264-7881

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

SEE STATEMENT ATTACHED

cAny submission deadlines:

SEE STATEMENT ATTACHED

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

LIMITED TO CHARITABLE ORGANIZATIONS IN THE GREATER BIRMINGHAM METROPOLITAN AREA OR IN CLAY OR COOSA COUNTIES, AL

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
YOUTHSERVE INC 2717 AVE BIRMINGHAM,AL35233	NONE	PC	GENERAL OPERATING	10,000
DESERT ISLAND SUPPLY 5500 1ST AVE N BIRMINGHAM,AL35212	NONE	PC	GENERAL OPERATING	10,000
VENTURE FOR AMERICA 307 7TH AVE NEW YORK,NY10001	NONE	PC	GENERAL OPERATING	20,000
YWCA OF CENTRAL ALABAMA 2324 3RD AVE N Birmingham,AL35203	NONE	PC	GENERAL OPERATING	40,000
BREAKTHROUGH BIRMINGHAM 2101 MAGNOLIA AVE S SUITE 407 Birmingham,AL35205	NONE	PC	GENERAL OPERATING	20,000
CHILDRENS OF ALABAMA 1600 7TH AVE S BIRMINGHAM,AL35233	NONE	PC	GENERAL OPERATING	200,000
University of Alabama at Birmingham 1720 2ND AVE SOUTH Birmingham,AL35294	NONE	PC	GENERAL OPERATING	1,010,000
JUNIOR LEAGUE OF BIRMINGHAM 2212 20TH AVE S BIRMINGHAM,AL35223	NONE	PC	GENERAL OPERATING	5,000
UNIVERSITY OF ALABAMA 801 CAMPUS DRIVE TUSCALOOSA,AL35487	NONE	PC	GENRAL OPERATING	20,000
ALABAMA SYMPHONY ORCHESTRA 3621 6TH ST S BIRMINGHAM,AL35222	NONE	PC	GENERAL OPERATING	100,000
OASIS COUNSELING FOR WOMEN AND CHILDREN 1900 14TH AVE S BIRMINGHAM,AL35205	NONE	PC	GENERAL OPERATING	10,000
PUBLIC AFFAIRS RESEARCH COUNCIL 800 LAKESHORE PKWY BIRMINGHAM,AL35211	NONE	PC	GENERAL OPERATING	15,000
SALVATION ARMY 2410 REVEREND ABRAHAM WOOD JR BLVD BIRMINGHAM,AL35203	NONE	PC	GENERAL OPERATING	50,000
FIRST LIGHT INC 2230 4TH AVE N BIRMINGHAM,AL35203	NONE	PC	GENERAL OPERATING	20,000
CREATE BIRMINGHAM 310 18TH ST N BIRMINGHAM,AL35203	NONE	PC	GENERAL OPERATING	10,000
TEACH FOR AMERICA 5529 1ST AVENUE SOUTH SUITE 3 BIRMINGHAM,AL35212	NONE	PC	GENERAL OPERATING	50,000
MITCHELL'S PLACE INC 4778 OVERTON ROAD BIRMINGHAM,AL35210	NONE	PC	EARLY LEARNING PROGRAMS FOR	10,000
STAIR OF BIRMINGHAM 3100 HIGHLAND AVENUE BIRMINGHAM,AL35222	NONE	PC	GENERAL OPERATING	20,000
OPERA BIRMINGHAM 3601 SIXTH AVENUE SOUTH BIRMINGHAM,AL35222	NONE	PC	GENERAL OPERATING	10,000
THE PRESCHOOL PARTNERS FOUNDATION 3736 MONTROSE ROAD BIRMINGHAM,AL35213	NONE	PC	GENERAL OPERATING	20,000
Cahaba Riverkeeper 4650 OLD LOONEY MILL RD Birmingham,AL35243	NONE	PC	GENERAL OPERATING	4,000
BIRMINGHAM EDUCATION FOUNDATION PO BOX 1476 BIRMINGHAM,AL35201	NONE	PC	GENERAL OPERATING	25,000
THE WELLHOUSE PO BOX 868 Odenville,AL35120	NONE	PC	GENERAL OPERATING	25,000
COOSA RIVERKEEPER INC 13521 OLD HIGHWAY 280 BIRMINGHAM,AL35242	NONE	PC	GENERAL OPERATING	10,000
WOODLAWN FOUNDATION INC 3800 COLONNADE PARKWAY STE 430 BIRMINGHAM,AL35243	NONE	PC	GENERAL OPERATING	25,000
ONE PLACE METRO ALABAMA FAMILY JUSTICE CENTER PO BOX 59812 Birmingham,AL35259	NONE	PC	GENERAL OPERATING	25,000
THE CONSERVATION FUND 1655 N FORT MYER DRIVE NO 1300 ARLINGTON,VA22209	NONE	PC	GENERAL OPERATING	50,000
JONES VALLEY URBAN FARM PO BOX 55357 BIRMINGHAM,AL35255	NONE	PC	GENERAL OPERATING	25,000
GRACE HOUSE MINISTRIES INC 4923 FARRELL AVE FAIRFIELD,AL35064	NONE	PC	HOMES FOR GIRLS FROM CRISIS	10,000
MCWANE SCIENCE CENTER 200 19TH ST NORTH BIRMINGHAM,AL35203	NONE	PC	GENERAL OPERATING	20,000
RED MOUNTAIN THEATRE COMPANY INC 3028 7TH AVENUE SOUTH BIRMINGHAM,AL35233	NONE	PC	GENERAL OPERATING	100,000
CHILDREN'S AID SOCIETY 2141 14TH AVENUE SOUTH BIRMINGHAM,AL35205	NONE	PC	CHILD WELFARE SERVICES	15,000
GIRLS INCORPORATED OF CENTRAL ALABAMA 5201 8TH AVENUE SOUTH BIRMINGHAM,AL35212	NONE	PC	GENERAL OPERATING	15,000
THE BIRMINGHAM BOTANICAL SOCIETY INC 2612 LANE PARK ROAD BIRMINGHAM,AL35223	NONE	PC	GENERAL OPERATING	10,000
THE STATE OF ALABAMA BALLET INC 2726 FIRST AVENUE SOUTH BIRMINGHAM,AL35233	NONE	PC	GENERAL OPERATING	30,000
PATHWAYS INC 409 RICHARD ARRINGTON JR BLVD N BIRMINGHAM,AL35203	NONE	PC	HELP FUND THE DAY CENTER	20,000
CAMP SMILE A MILE 1600 2ND AVE S Birmingham,AL35233	NONE	PC	GENERAL OPERATING	10,000
BIRMINGHAM LANDMARKS INC 1817 THIRD AVENUE NORTH BIRMINGHAM,AL35203	NONE	PC	GENERAL OPERATING	75,000
CAHABA RIVER SOCIETY INC 2717 7TH AVE SOUTH BIRMINGHAM,AL35233	NONE	PC	GENERAL OPERATING	10,000
A PLUS EDUCATION PARTNERSHIP 1 RETAIL DRIVE 3RD FLOOR WEST Montgomery,AL36110	NONE	PC	GENERAL OPERATING	15,000
LITERACY COUNCIL OF CENTRAL ALABAMA 2301 1ST AVE N STE 102 Birmingham,AL35203	NONE	PC	GENERAL OPERATING	5,000
BETTER BASICS INC 211 SUMMIT PARKWAY NO 108 BIRMINGHAM,AL35209	NONE	PC	GENERAL OPERATING	12,000
COMMUNITY GRIEF SUPPORT SERVICE 1119 OXMOOR ROAD BIRMINGHAM,AL35209	NONE	PC	FOR 2013 PROGRAM	5,000
ALDRIDGE GARDENS 3530 LORNA RD Hoover,AL35216	NONE	PC	GENERAL OPERATING	5,000
HISPANIC INTEREST COALITION OF ALABAMA PO BOX 190299 BIRMINGHAM,AL35219	NONE	PC	GENERAL OPERATING	20,000
ALABAMA MOVING IMAGE 310 18TH ST NORTH SUITE 404 BIRMINGHAM,AL35203	NONE	PC	GENERAL OPERATING	100,000
THE BELL CENTER FOR EARLY INTERVENTION PROGRAMS 1700 29TH COURT SOUTH BIRMINGHAM,AL35209	NONE	PC	GENERAL OPERATING	15,000
RAILROAD PARK FOUNDATION 1600 1ST AVENUE SOUTH BIRMINGHAM,AL35233	NONE	PC	GENERAL OPERATING	20,000
FREEDOM RAIN INC DBA THE LOVELADY CENTER 7916 2ND AVENUE SOUTH BIRMINGHAM,AL35206	NONE	PC	GENERAL OPERATING	25,000
FRESHWATER LAND TRUST 2308 1ST AVENUE NORTH BIRMINGHAM,AL35203	NONE	PC	GENERAL OPERATING	50,000
HOLY FAMILY CRISTO REY CATHOLIC HIGH SCHOOL 2001 19TH STREET-ENSLEY BIRMINGHAM,AL35218	NONE	EXEMPT	QUALITY EDUCATION FOR LOW	10,000
ALBERT SCHWEITZER FELLOWSHIP OF ALABAMA 1720 2ND AVENUE SOUTH NO VH226 Birmingham,AL35294	NONE	PC	GENERAL OPERATING	15,000
WOODLAWN COMMUNITY CHARTER SCHOOL 155TH PL S Birmingham,AL35212	NONE	PC	GENERAL OPERATING	20,000
VAX 2 STOP CANCER PO BOX 530044 Birmingham,AL35253	NONE	PC	GENERAL OPERATING	10,000
COMMUNITY ON THE RISE 112 14TH ST N Birmingham,AL35203	NONE	PC	GENERAL OPERATING	75,000
VIDAL ACCESS 961 HADDINGTON DL Pelham,AL35124	NONE	PC	GENERAL OPERATING	10,000
EXCEPTIONAL FOUNDATION 1616 OXMOOR RD BIRMINGHAM,AL35209	NONE	PC	GENERAL OPERATING	10,000
THE BIRMINGHAM ATHLETIC PARTNERSHIP 1029 22ND STREET SOUTH BIRMINGHAM,AL35205	NONE	PC	GENERAL OPERATING	20,000
Total ................................. 3a				2,596,000

bApproved for future payment

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

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 ...........
4 Dividends and interest from securities....			14	556,639
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	35,661
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	2,019,330
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aKAUL LAND SCORP IN	900099	2,652
bSALE OF TIMBER INC			1	141,674
cPSHIP INCOME			1	4,001
d
e
12 Subtotal. Add columns (b), (d), and (e)..		2,652		2,757,305

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

2,759,957

(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

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
532457108 ELI LILLY & CO	AT COST	33,967	91,174
58933Y105 MERCK & CO INC	AT COST	76,702	147,240
911312106 UNITED PARCEL SERVIC
018802108 ALLIANT ENERGY CORP	AT COST	44,028	85,540
060505104 BANK OF AMERICA CORP	AT COST	158,148	181,860
110122108 BRISTOL-MYERS SQUIBB	AT COST	80,463	91,370
25746U109 DOMINION ENERGY INC	AT COST	120,529	140,624
363576109 GALLAGHER ARTHUR J &	AT COST	46,272	132,493
418056107 HASBRO INC
46625H100 J P MORGAN CHASE & C	AT COST	82,026	198,229
009279100 AIRBUS SE
553530106 MSC INDUSTRIAL DIREC	AT COST	125,385	133,336
92343V104 VERIZON COMMUNICATIO	AT COST	149,213	176,838
N53745100 LYONDELLBASELL INDU-	AT COST	110,948	137,490
126650100 CVS HEALTH CORP	AT COST	217,210	253,803
30303M102 FACEBOOK INC	AT COST	129,269	237,103
48251W104 KKR & CO INC	AT COST	203,564	339,833
57636Q104 MASTERCARD INC	AT COST	193,610	406,555
09247X101 BLACKROCK INC	AT COST	52,041	144,308
166764100 CHEVRONTEXACO CORP	AT COST	166,758	157,077
375558103 GILEAD SCIENCES INC
437076102 HOME DEPOT INC/THE	AT COST	95,651	132,810
747525103 QUALCOMM INC	AT COST	36,351	88,510
59156R108 METLIFE INC	AT COST	123,770	138,033
681919106 OMNICOM GROUP INC	AT COST	112,400	93,555
713448108 PEPSICO INC	AT COST	61,880	94,171
755111507 RAYTHEON CO
009158106 AIR PRODUCTS & CHEMI	AT COST	91,272	109,288
189054109 CLOROX CO/THE	AT COST	28,241	42,403
191216100 COCA-COLA CO/THE	AT COST	124,835	155,362
20030N101 COMCAST CORP	AT COST	114,711	162,597
631103108 NASDAQ INC	AT COST	78,281	116,811
317609253 EMERALD GROWTH FUND	AT COST	4,059,554	6,286,850
806857108 SCHLUMBERGER LTD
H1467J104 CHUBB LTD	AT COST	90,219	124,675
023135106 AMAZON COM INC	AT COST	159,998	312,665
74736K101 QORVO INC	AT COST	91,512	285,319
30231G102 EXXON MOBIL CORP	AT COST	71,443	40,396
594918104 MICROSOFT CORP COM	AT COST	159,047	355,650
682680103 ONEOK INC
742718109 PROCTER & GAMBLE CO/	AT COST	60,856	94,615
902973304 US BANCORP DEL	AT COST	71,456	109,719
G29183103 EATON CORP PLC
65339F101 NEXTERA ENERGY INC	AT COST	22,271	103,690
94106L109 WASTE MANAGEMENT INC	AT COST	101,096	179,254
G491BT108 INVESCO LTD
43300A203 HILTON WORLDWIDE HOL	AT COST	124,561	234,647
637071101 NATIONAL OILWELL VAR
G3223R108 EVEREST RE GRP LTD
58155Q103 MCKESSON CORP
68389X105 ORACLE CORP
78409V104 S & P GLOBAL INC
83088M102 SKYWORKS SOLUTIONS I	AT COST	107,711	243,385
92826C839 VISA INC	AT COST	93,885	232,510
315910810 FIDELITY AGGRESSIVE	AT COST	4,716,528	6,075,297
870886108 SWISS RE AG
55278M407 MFS NEW DISCOVERY VA	AT COST	5,383,728	5,901,024
77954Q106 T ROWE PRICE BLUE CH	AT COST	5,107,267	11,120,384
69351T106 PPL CORP	AT COST	56,173	42,864
931142103 WAL MART STORES INC	AT COST	89,864	155,682
02079K107 ALPHABET INC	AT COST	129,629	231,248
03073E105 AMERISOURCEBERGEN CO
256206103 DODGE & COX FDS INTL
922040100 VANGUARD INSTL INDEX	AT COST	3,638,404	11,247,389
882508104 TEXAS INSTRUMENTS IN	AT COST	91,070	129,663
89832Q109 TRUIST FINANCIAL COR	AT COST	47,341	79,085
H84989104 TE CONNECTIVITY LTD	AT COST	52,787	79,906
369550108 GENERAL DYNAMICS COR	AT COST	113,996	92,268
037833100 APPLE INC
571903202 MARRIOTT INTERNATION
036752103 ANTHEM INC	AT COST	201,973	250,450
112585104 BROOKFIELD ASSET MAN
17275R102 CISCO SYSTEMS INC	AT COST	41,843	42,960
29476L107 EQUITY RESIDENTIAL
225310101 CREDIT ACCEP CORP MI
67066G104 NVIDIA CORP
316773100 FIFTH THIRD BANCORP
11135F101 BROADCOM INC
20825C104 CONOCOPHILLIPS	AT COST	58,559	44,389
09857L108 BOOKING HOLDINGS INC
14309L102 CARLYLE GROUP LP/THE
26614N102 DUPONT DE NEMOURS IN
871829107 SYSCO CORP	AT COST	77,354	77,230
942622200 WATSCO INC
22160N109 COSTAR GROUP INC	AT COST	214,250	231,994
369604103 GENERAL ELECTRIC CO	AT COST	173,754	275,638
893641100 TRANSDIGM GROUP INC	AT COST	291,181	402,871
96342K100 WHITBREAD PLC-SPON A	AT COST	93,545	99,412
78467J100 SS&C TECHNOLOGIES HO	AT COST	173,786	196,862
372460105 GENUINE PARTS CO	AT COST	47,599	64,275
412295107 HARDING LOEVNER FDS	AT COST	3,800,661	5,060,518
907818108 UNION PACIFIC CORP	AT COST	109,069	112,439
422806208 HEICO CORP	AT COST	127,122	169,269
478160104 JOHNSON & JOHNSON	AT COST	138,511	151,085
14316J108 CARLYLE GROUP INC/TH	AT COST	264,116	281,199
443510607 HUBBELL INC	AT COST	86,716	117,593
438516106 HONEYWELL INTERNATIO	AT COST	89,988	138,255
427866108 HERSHEY CO/THE	AT COST	93,122	105,108
94419L101 WAYFAIR INC- CLASS A	AT COST	238,842	210,681
48020Q107 JONES LANG LASALLE I	AT COST	256,833	307,274
91324P102 UNITED HEALTH GROUP	AT COST	51,236	70,136
79466L302 SALESFORCE COM INC	AT COST	153,483	189,596
00287Y109 ABBVIE INC	AT COST	100,881	118,937
30161N101 EXELON CORP	AT COST	79,033	99,217
20449X401 COMPASS GROUP PLC	AT COST	142,217	158,774

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
BIRMINGHAM TECHNOLOGY FUND	413,115	407,808	699,561
KAUL LD	26,256	24,878	522,600
REFORESTATION	40,622	33,451	0

Description	Revenue and Expenses per Books	Net Investment Income
FARM EXPENSES	10,662	10,662
RENT AND ROYALTY EXPENSES	2,189	0
FROM PARTERNSHIP/SCORP	9,308	9,308

Category	Amount	Net Investment Income
INVESTMENT MANAGEMENT FEES	82,140	82,140
MONROE CONSULTANTS	50,000	50,000
VULCAN VALUE PARTNERS	37,714	37,714
TIMBERLAND MANAGEMENT FEES	9,217	9,217

Category	Amount	Net Investment Income
FOREIGN TAXES	16,631	16,631
FEDERAL TAX PAYMENT - PRIOR YE	13,879	0
FEDERAL ESTIMATES - PRINCIPAL	7,870	0

Description	Revenue And Expenses Per Books	Net Investment Income
KAUL LAND S-CORP INCOME	2,652	0
SALE OF TIMBER INCOME	141,674	141,674
BIRMINGHAM TECH FUND INCOME	4,001	4,001