Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
JOHN T & ADA M DIEDERICH EDUCATIONAL TR
 
Number and street (or P.O. box number if mail is not delivered to street address)100 E VINE STREET - SUITE 501
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LEXINGTON, KY40507
A Employer identification number

31-6271680
B Telephone number (see instructions)

(859) 879-5435
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$4,138,748J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 75,641 74,672  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -13,518
b Gross sales price for all assets on line 6a 1,091,911
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 62,123 74,672  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 27,976 13,988   13,988
14 Other employee salaries and wages...... 48,443 0 0 48,443
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 3,093 3,093 0 0
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,730 892   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,617 0 0 1,617
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 3,567     3,567
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 88,426 17,973 0 67,615
25 Contributions, gifts, grants paid....... 169,832 169,832
26 Total expenses and disbursements. Add lines 24 and 25 258,258 17,973 0 237,447
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -196,135
b Net investment income (if negative, enter -0-) 56,699
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 205,514 99,465 99,465
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
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)....... 2,365,708 Click to see attachment2,338,298 3,160,724
c Investments—corporate bonds (attach schedule)....... 884,614 Click to see attachment824,499 878,159
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment400 Click to see attachment400 Click to see attachment400
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,456,236 3,262,662 4,138,748
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 3,456,236 3,262,662
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)..... 3,456,236 3,262,662
30 Total liabilities and net assets/fund balances (see instructions). 3,456,236 3,262,662
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,456,236
2
Enter amount from Part I, line 27a .....................
2
-196,135
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,858
4
Add lines 1, 2, and 3 ..........................
4
3,262,959
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
297
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,262,662
Form 990-PF (2020)
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 481. AT&T INC   2018-08-14 2020-02-26
b 317. AT&T INC   2018-08-14 2020-08-28
c 25000. AT&T INC DTD 02/15/2019 3.8% 02/15/2027-   2019-10-17 2020-06-15
d 251. ACTIVISION BLIZZARD INC   2019-03-20 2020-02-21
e 118. ACTIVISION BLIZZARD INC   2019-07-23 2020-07-10
14. ACTIVISION BLIZZARD INC   2019-03-20 2020-07-10
84. ACTIVISION BLIZZARD INC   2019-07-23 2020-12-18
177. ACTIVISION BLIZZARD INC   2020-11-16 2020-12-18
20000. ALABAMA ECON SETTLEMENT AUTH B DTD 12/15/2016 3.163% 09/15/2025   2018-07-26 2020-02-18
25000. AMERICAN EXPRESS CREDIT MTN FR DTD 09/14/2015 2.6% 09/14/2020-2   2018-11-06 2020-01-07
46. APPLE COMPUTER INC   2018-09-21 2020-08-25
411. BP P.L.C. SPNSD ADR   2018-09-21 2020-06-19
1370. BANK AMER CORP   2018-09-21 2020-11-03
25000. BANK OF AMERICA CORP DTD 01/20/2017 3.12   2018-08-29 2020-02-28
158. BOEING COMPANY   2018-12-06 2020-11-17
25000. BOSTON PPTYS LTD PARTNERSHIP DTD 06/27/2   2019-01-11 2020-04-16
110. CATERPILLAR INC   2018-08-29 2020-10-02
62. CATERPILLAR INC   2018-08-29 2020-10-26
125. CATERPILLAR INC   2018-08-29 2020-11-03
15320.57 DELTA AIRLINES PT SERIES 2012-1 CL A DTD 07/03/2012 4.75% 11/   2018-10-02 2020-05-07
297. DOW INC COM   2019-04-17 2020-05-29
516. DOW INC COM   2019-04-17 2020-06-19
50000. EOG RESOURCES INC DTD 05/20/2010 4.4% 06   2018-11-28 2020-01-13
25000. EVERSOURCE ENERGY SR GLBL -M NT 28 DTD 01/08/2018 3.3% 01/15/20   2019-04-05 2020-12-18
33. FACEBOOK INC CLASS A   2018-08-14 2020-07-31
138. FEDEX CORPORATION   2018-12-06 2020-02-26
3508.545 FIDELITY CONSERVATIVE INCOME BOND INSTL   2019-05-28 2020-01-03
548.442 FIDELITY SELECT RETAILING PORTFOLIO   2018-08-30 2020-01-28
1272.6 FIDELITY SELECT RETAILING PORTFOLIO   2018-08-30 2020-02-26
2.58 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-01-15
2.6 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-02-21
2.61 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-03-30
2.63 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-04-15
2.64 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-05-18
2.66 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-06-15
2.67 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-07-15
2.69 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-08-17
2.7 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-09-15
2.72 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-10-15
2.74 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-11-16
2.75 GNMA POOL #579210X DTD 03/01/2002 6.5% 0   2002-03-13 2020-12-15
82.79 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 08   2005-02-11 2020-01-15
51.39 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 08   2005-02-11 2020-02-18
49.43 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 08   2005-02-11 2020-03-16
41.04 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 08   2005-02-11 2020-04-15
56.56 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 08   2005-02-11 2020-05-15
49.66 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 08   2005-02-11 2020-06-15
155.63 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 0   2005-02-11 2020-07-15
144.09 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 0   2005-02-11 2020-08-17
58.62 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 08   2005-02-11 2020-09-15
111.33 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 0   2005-02-11 2020-10-15
76.38 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 08   2005-02-11 2020-11-16
61.7 GOVERNMENT NATIONAL MTGE ASSN POOL #781650X DTD 09/01/2003 6% 08/   2005-02-11 2020-12-15
1986.097 GOLDMAN SACHS LIMITED MAT OBLIGS INSTL   2020-01-28 2020-07-22
49. HONEYWELL INTL INC   2018-09-21 2020-11-16
119. JP MORGAN CHASE & CO   2018-08-14 2020-11-16
1822.222 JPMORGAN MORTGAGE-BACKED SECURITIES SEL   2019-08-15 2020-07-22
3521.498 JPMORGAN MORTGAGE-BACKED SECURITIES SEL   2019-08-15 2020-12-08
2004.008 BLACKROCK US MORTGAGE PORTFOLIO INSTITUT   2019-02-08 2020-04-09
2000. BLACKROCK US MORTGAGE PORTFOLIO INSTITUT   2018-07-25 2020-05-28
1958.864 BLACKROCK US MORTGAGE PORTFOLIO INSTITUT   2018-07-25 2020-06-05
158.382 BLACKROCK US MORTGAGE PORTFOLIO INSTITUT   2018-07-25 2020-07-22
10. MARKEL CORP   2018-12-06 2020-02-05
21. MARKEL CORP   2018-12-06 2020-08-28
72. MCDONALDS CORP COM   2020-06-25 2020-10-26
41. MICROSOFT CORP   2018-09-21 2020-02-21
86. NESTLE SA ADR   2018-12-06 2020-02-21
20000. NIKE INC DTD 03/27/2020 2.4% 03/27/2025-   2020-03-26 2020-12-22
597. PVH CORP   2020-02-26 2020-04-16
57. ROCHE HOLDINGS LTD ADR   2018-09-21 2020-01-28
431. ROCHE HOLDINGS LTD ADR   2019-05-15 2020-01-28
293. ROCHE HOLDINGS LTD ADR   2018-09-21 2020-02-26
25000. SIMON PROPERTY GROUP LP SR NT DTD 01/13/2016 3.3% 01/15/2026-20   2019-06-24 2020-04-16
469. UNILEVER NV NY SHARE F   2018-12-06 2020-06-18
. U S TREASURY BOND DTD 02/15/2016 2.5% 02     2020-02-18
20000. U S TREASURY NOTE DTD 08/15/2019 1.625%   2019-09-10 2020-03-24
30000. U S TREASURY NOTE DTD 08/15/2019 1.625%   2019-09-13 2020-03-25
20000. U S TREASURY NOTE DTD 09/30/2019 1.625%   2019-12-06 2020-03-26
28. UNITEDHEALTH GROUP INC   2018-12-06 2020-10-26
.527 VIATRIS INC COM   2018-12-06 2020-11-25
80. VIATRIS INC COM   2019-07-23 2020-12-08
30. VISA INC CLASS A SHARES   2018-09-21 2020-02-21
25000. WASTE MANAGEMENT INC DTD 05/22/2019 3.45   2020-03-03 2020-07-20
25000. WELLS FARGO & CO SR NT DTD 01/24/2017 3.069% 01/24/2023-2022   2018-08-15 2020-02-28
240. WORLD WRESTLING ENTERTAINMENT INC   2019-11-06 2020-02-05
CAPITAL GAIN DIVIDENDS P    
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(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 17,872   15,553 2,319
b 9,488   10,250 -762
c 27,732   26,486 1,246
d 15,870   11,681 4,189
e 9,577   5,394 4,183
1,136   652 484
7,472   3,818 3,654
15,744   13,479 2,265
20,622   19,839 783
25,077   24,868 209
22,804   10,044 12,760
9,760   17,950 -8,190
33,890   42,325 -8,435
25,647   24,761 886
32,981   53,343 -20,362
25,804   24,864 940
16,592   15,627 965
10,080   8,808 1,272
20,767   17,268 3,499
15,321   15,581 -260
11,397   19,599 -8,202
21,708   28,963 -7,255
50,466   50,179 287
27,956   24,701 3,255
8,330   5,970 2,360
20,017   30,001 -9,984
35,261   35,201 60
9,192   9,049 143
21,112   20,851 261
3   3  
3   3  
3   3  
3   3  
3   3  
3   3  
3   3  
3   3  
3   3  
3   3  
3   3  
3   3  
83   85 -2
51   53 -2
49   51 -2
41   42 -1
57   58 -1
50   51 -1
156   160 -4
144   148 -4
59   60 -1
111   115 -4
76   79 -3
62   64 -2
20,000   19,980 20
10,167   7,852 2,315
13,861   13,661 200
21,156   20,937 219
40,955   39,588 1,367
19,960   19,960  
20,280   19,880 400
20,000   19,471 529
1,625   1,574 51
12,624   11,406 1,218
23,171   23,367 -196
16,034   13,099 2,935
7,304   4,678 2,626
9,557   7,274 2,283
21,445   20,172 1,273
23,941   49,094 -25,153
2,346   1,750 596
17,739   13,857 3,882
12,311   8,934 3,377
24,762   25,757 -995
25,868   26,234 -366
3     3
21,439   19,932 1,507
32,084   29,425 2,659
21,217   19,815 1,402
9,013   7,643 1,370
10   10  
1,425   1,448 -23
6,246   4,499 1,747
25,250   27,881 -2,631
25,640   24,732 908
11,696   13,412 -1,716
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
      2,132
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       2,319
b       -762
c       1,246
d       4,189
e       4,183
      484
      3,654
      2,265
      783
      209
      12,760
      -8,190
      -8,435
      886
      -20,362
      940
      965
      1,272
      3,499
      -260
      -8,202
      -7,255
      287
      3,255
      2,360
      -9,984
      60
      143
      261
       
       
       
       
       
       
       
       
       
       
       
       
      -2
      -2
      -2
      -1
      -1
      -1
      -4
      -4
      -1
      -4
      -3
      -2
      20
      2,315
      200
      219
      1,367
       
      400
      529
      51
      1,218
      -196
      2,935
      2,626
      2,283
      1,273
      -25,153
      596
      3,882
      3,377
      -995
      -366
      3
      1,507
      2,659
      1,402
      1,370
       
      -23
      1,747
      -2,631
      908
      -1,716
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -13,518
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 788
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........................... 3 788
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- ..... 5 788
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,112
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 2,112
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,324
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet394 RefundedBullet 11 930
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletKY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletCOMMUNITY TRUST & INVESTMENT COMPANY Telephone no.bullet (859) 389-5300

    Located atbullet100 EAST VINE STREET 5TH FLLEXINGTONKY ZIP+4bullet40507
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 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.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    COMMUNITY TRUST INVESTMENT CO TRUSTEE (CURRENT)
    2     		27,976    
    100 E VINE STREET - SUITE 501
    LEXINGTON,KY40507
    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...................bullet 0
    Form 990-PF (2020)
    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.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,608,510
    b
    Average of monthly cash balances.......................
    1b
    92,622
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,701,132
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,701,132
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    55,517
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,645,615
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    182,281
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    182,281
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    788
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    788
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    181,493
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,689
    5
    Add lines 3 and 4............................
    5
    183,182
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    183,182
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    237,447
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    237,447
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    237,447
    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)
    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 7 183,182
    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...... 406,783
    b From 2016...... 242,203
    c From 2017...... 180,159
    d From 2018...... 148,353
    e From 2019...... 105,568
    fTotal of lines 3a through e........ 1,083,066
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 237,447
    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..... 183,182
    e Remaining amount distributed out of corpus 54,265
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,137,331
    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) ...     		406,783
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		730,548
    10 Analysis of line 9:
    a Excess from 2016.... 242,203
    b Excess from 2017.... 180,159
    c Excess from 2018.... 148,353
    d Excess from 2019.... 105,568
    e Excess from 2020.... 54,265
    Form 990-PF (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 section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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
    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)
    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)
    aPaid during the year
    BARNES & NOBLE
    120 MOUNT VIEW BLVD
    Basking Ridge,NJ07920     		NONE I EDUCATIONAL/SCHOLARSHIP/BOO 688
    ASHLAND COM & TECH COLLEGE
    1400 COLLEGE DR
    Ashland,KY41101     		NONE PC SCHOLARSHIP/EDUCATIONAL 5,008
    SHAWNEE STATE UNIVERSITY
    940 2ND ST
    Portsmouth,OH45662     		NONE PC SCHOLARSHIP/EDUCATIONAL 6,000
    MARSHALL UNIVERSITY
    1 JOHN MARSHALL DR
    Huntington,WV25755     		NONE PC SCHOLARSHIP/EDUCATIONAL 13,984
    OHIO UNIVERSITY
    17 PARK PLACE
    ATHENS,OH45701     		NONE PC SCHOLARHISP/EDUCATIONAL 11,182
    EASTERN KENTUCKY UNIVERSITY
    521 LANCASTER AVE
    Richmond,KY40475     		NONE PC SCHOLARSHIP/EDUCATIONAL 29,150
    UNIVERSITY OF KENTUCKY
    410 ADMINISTRATION DRIVE
    Lexington,KY40506     		NONE PC SCHOLARSHIP/EDUCATIONAL 12,000
    MOREHEAD STATE UNIVERSITY
    150 UNIVERSITY BLVD
    Morehead,KY40351     		NONE PC SCHOLARSHIP/EDUCATIONAL 33,055
    NORTHERN KENTUCKY UNIVERSITY
    LOUIE B NUNN DR
    Highland Heights,KY41099     		NONE PC SCHOLARSHIP/EDUCATIONAL 11,148
    UNIVERSITY OF LOUISVILLE
    2301 S 3R STREET
    LOUISVILLE,KY40292     		NONE PC SCHOLARSHIP/EDUCATIONAL 20,569
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE PC SCHOLARSHIPS/EDUCATIONAL 12,000
    MIDWAY UNIVERSITY
    512 E STEPHENS ST
    Midway,KY40347     		NONE PC SUPPORT 11,778
    BIG SANDY COMMUNITY & TECHNICAL COLLEGE
    1 BERT COMBS DR
    Prestonsburg,KY41653     		NONE PC SUPPORT 3,270
    Total .................................bullet 3a 169,832
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    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
    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 ...........     		      0  
    4 Dividends and interest from securities....     14 75,641  
    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.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -13,518  
    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)..   62,123  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    62,123
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    JOHN T & ADA M DIEDERICH EDUCATIONAL TR
    EIN:
    31-6271680
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 3,093 3,093    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    JOHN T & ADA M DIEDERICH EDUCATIONAL TR
    EIN:
    31-6271680
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOVT NATL MTG ASSN POOL #78165 3,704 4,346
    ALABAMA ECON SETTLEMENT AUTH B    
    AMERICAN EXPRESS CREDIT 2.6%    
    APPLE INC SR GLBL 3.25% 24,462 28,055
    BB&T CORP 2.45%    
    BANK OF AMERICA 3.124%    
    BERKSHIRE HATHAWAY INC 3.125% 24,533 27,933
    DELTA AIRLINES PT 4.75%    
    DUKE ENERGY CAROLINAS DTD 3.95 25,015 29,818
    EOG RESOURCES INC 4.4%    
    FIDELITY CONSERVATIVE INCOME B    
    GNMA POOL 6.5% 527 600
    GENERAL DYNAMIC CORP3.5% 25,156 27,945
    JPMORGAN MORTGAGE BACKED SECUR 38,700 40,743
    BLACKROCK US MORTGAGE PORTFOLI 79,115 83,333
    NEW YORK CITY TRANSITIONAL 3.2 24,049 26,931
    PUBLIC SERVICE EL & GAS 3.65% 24,996 29,016
    ROCKWELL COLLINS 2.8% 24,770 25,711
    SHELL INTL 3.25% 24,682 27,711
    TEXAS A & M UNIV REV FIN 3.286 23,581 28,128
    WELLS FARGO 3.069%    
    AT&T INC 3.8%    
    AMAZON 3.15% 26,529 28,464
    AMERICAN WTR CAP CORP 26,264 29,532
    BOSTON PPTYS LTD PARTNERSHIP    
    EVERSOURSE ENERGY    
    SIMON PROPERTY 3.3%    
    U S TREASURY NOTE 1.625% 8/15/    
    U S TREASURY NOTE 1.625% 9/30/    
    AT&T 4.1% 2/15/28-27 28,154 29,392
    ABBVIE 3.2% 5/14/26 26,611 27,697
    BANK OF AMERICA 3.248% 10/21/2 22,265 22,382
    BP CAP MRTS AMERICA 4.234% 22,774 23,902
    DIAMND HILL 49,896 49,641
    ENTERPRISE PRODS OPER 24,980 27,096
    GOLDMAN SACHS LIMITED 60,020 60,139
    JP MORGAN CHASE BANK 22,200 22,982
    PNC FIN SER 21,901 22,359
    U S TREASURY NOTE .625% 11/30/ 44,971 44,993
    VANGUARD SHORT-TERM 40,955 41,029
    WELLS FARGO 3.75% 1/24/24 21,063 21,834
    LANSING MICH BRD WTR & LT UTIL 22,626 25,507
    SAN DIEGO CALIF UNI SCH DIST 20,000 20,940

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JOHN T & ADA M DIEDERICH EDUCATIONAL TR
    EIN:
    31-6271680
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AT&T INC 22,503 21,196
    ALPHABET INC CAP STK CL C 103,616 155,917
    AMAZON COM INC 69,302 133,534
    APPLE INC 69,246 191,604
    BP PLC SPONSORED ADR 45,984 23,536
    BANK OF AMERICA CORP 36,925 42,343
    BERKSHIRE HATHAWAY INC CL B 48,766 53,098
    BOEING CO    
    BROADCOM INC COM 45,406 87,132
    CVS HELATH CORP 65,847 71,852
    CATERPILLAR INC    
    CHEVRON CORP 45,546 32,682
    CISCO SYSTEMS INC 77,435 75,807
    CITIGROUP INC 42,565 41,127
    FACEBOOK INC CL A 49,911 89,323
    FEDEX CORP    
    FIDELITY SELECT RETAILING PORT 18,411 26,733
    HCA HEALTHCARE INC 48,505 59,699
    HONEYWELL INTL INC 52,253 75,934
    INTERCONTINENTAL EXCHANGE INC 61,077 85,315
    JPMORGAN CHASE 68,053 80,181
    JOHNSON & JOHNSON 48,975 56,342
    LOWES COS INC 31,035 54,252
    MARKEL CORP    
    MASTEC INC 29,093 43,908
    MICROSOFT CORP 81,905 167,482
    MONDELEZ INTL INC CL A 43,004 58,879
    NESTLE SA ADR 30,970 44,113
    PEPSICO INC 25,008 32,478
    PFIZER INC 26,442 23,890
    PIONEER NATURAL RESOURCES CO 76,200 57,059
    PROCTER & GAMBLE CO 26,369 41,881
    ROCHE HLDG AG ADR 13,990 20,362
    UNILEVER NV NEW YORK SKS NEW    
    UNITEDHEALTH GR INC 78,258 103,801
    VISA INC CL A 88,296 136,488
    WALMART INC 44,386 61,985
    MEDTRONIC PLC SHS 63,190 79,187
    ACTIVISION BLIZZARD 33,061 70,566
    DISNEY WALT 48,750 74,284
    WORLD WRESTLING ENT    
    TJX 57,798 81,811
    FIDELITY NATL INFO 15,470 24,756
    DUPONT 54,864 45,866
    DOW    
    PVH    
    SELECT SECTOR SPDR UTILITIES 63,747 72,607
    VANGUARD REAL ESTATE 57,100 57,413
    ZYNGA 14,844 16,137
    NIKE 26,091 40,602
    THERMO FISHER SCIENTIFIC 17,305 26,549
    L3HARRIS TECHN 70,202 68,425
    ISHARES EXPND TECH 21,542 23,089
    KEYSIGHT TECHN 29,446 39,759
    PAYPAL HLDGS 33,522 41,922
    IQVIA HOLDING 25,960 31,892
    LEVI STRAUSS & CO 19,782 24,939
    RAYTHEON TECHN 13,524 16,018
    LINDE PLC 30,946 43,743
    ALLISON TRANSM 25,872 31,226

    TY 2020 OtherAssetsSchedule
    Name:
    JOHN T & ADA M DIEDERICH EDUCATIONAL TR
    EIN:
    31-6271680
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    WILLIAM ROSS TRACT 100 100 100
    FELIX KELLY TRACT 100 100 100
    WW BAILEY TRACT 100 100 100
    ESTE WALTERS TRACT 100 100 100


    TY 2020 OtherDecreasesSchedule
    Name:
    JOHN T & ADA M DIEDERICH EDUCATIONAL TR
    EIN:
    31-6271680
    Description Amount
    2020 TRANSACTIONS POSTED IN 2021 268
    ACCRUED INTEREST IN TC 991 17
    ROUNDING 12


    TY 2020 OtherExpensesSchedule
    Name:
    JOHN T & ADA M DIEDERICH EDUCATIONAL TR
    EIN:
    31-6271680
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSES 3,567 0   3,567


    TY 2020 OtherIncreasesSchedule
    Name:
    JOHN T & ADA M DIEDERICH EDUCATIONAL TR
    EIN:
    31-6271680
    Description Amount
    2019 TRANSACTIONS POSTED IN 2020 655
    2020 TRANS.POSTED IN 2019 (ACCRUED INT.) 514
    RECOVERIES OF QUALIFIED DISTRIBUTIONS 1,689


    TY 2020 TaxesSchedule
    Name:
    JOHN T & ADA M DIEDERICH EDUCATIONAL TR
    EIN:
    31-6271680
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 892 892   0
    FEDERAL TAX PAYMENT - PRIOR YE 1,430 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,408 0   0