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
ESTES FOUNDATION CO DANIEL L MCPHAIL
 
Number and street (or P.O. box number if mail is not delivered to street address)165 TOWNSHIP LINE ROAD NO 3000
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
JENKINTOWN, PA19046
A Employer identification number

23-7045252
B Telephone number (see instructions)

(804) 768-0023
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$16,305,984J 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 4  
4 Dividends and interest from securities... 248,341 248,341  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 31,935
b Gross sales price for all assets on line 6a 3,170,480
7 Capital gain net income (from Part IV, line 2)... 31,935
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 55,102 730  
12 Total. Add lines 1 through 11........ 335,382 281,010  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 220 0   110
b Accounting fees (attach schedule)....... Click to see attachment 5,200 0   2,600
c Other professional fees (attach schedule).... Click to see attachment 82,418 54,068   28,350
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,815 2,100   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,658 5,631   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 98,311 61,799   31,060
25 Contributions, gifts, grants paid....... 693,500 693,500
26 Total expenses and disbursements. Add lines 24 and 25 791,811 61,799   724,560
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -456,429
b Net investment income (if negative, enter -0-) 219,211
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets 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............. 6,473 18,436 18,436
2 Savings and temporary cash investments......... 665,020 719,915 719,915
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,431,516 Click to see attachment1,323,310 1,537,289
b Investments—corporate stock (attach schedule)....... 4,831,625 Click to see attachment4,300,641 7,773,888
c Investments—corporate bonds (attach schedule)....... 2,856,095 Click to see attachment2,307,033 2,452,645
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,599,001 Click to see attachment2,248,728 3,803,811
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,389,730 10,918,063 16,305,984
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 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 11,389,730 10,918,063
29 Total net assets or fund balances (see instructions)..... 11,389,730 10,918,063
30 Total liabilities and net assets/fund balances (see instructions). 11,389,730 10,918,063
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
11,389,730
2
Enter amount from Part I, line 27a .....................
2
-456,429
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,933,301
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
15,238
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,918,063
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 44.8175 SHS GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-01-15
b 65.775 SHS FNMA PASS-THRU INT P 2006-01-24 2020-01-25
c 316.6905 SHS FNMA - PASS-THRU 30 P 2011-12-01 2020-01-25
d 8.358 SHS FNMA PASS-THRU LNG P 2008-03-27 2020-01-25
e 40 SHS MICROSOFT CORP COM P 2003-05-30 2020-01-27
30 SHS VANGUARD WORLD FDS INF TECH ETF P 2016-09-07 2020-01-27
25 SHS THERMO FISHER SCIENTIFIC INC COM P 2010-12-02 2020-01-27
135 SHS CISCO SYS INC COM P 2005-02-25 2020-01-27
143.698 SHS PRINCIPAL REAL ESTATE SECURITIES FUND P 2014-03-28 2020-01-27
1599.07 SHS PRINCIPAL REAL ESTATE SECURITIES FUND P 2014-02-19 2020-01-27
85000 SHS SUNTRUST BANKS INC P 2018-01-26 2020-01-29
130 SHS THERMO FISHER SCIENTIFIC INC COM P 2010-12-02 2020-02-03
500 SHS COMMUNICATION SERVICES SELECT SECTOR SPDR P 2020-01-27 2020-02-04
50000 SHS SCHWAB TREASURY OBLIGATIONS MONEY FUND P 2018-12-24 2020-02-04
85000 SHS PNC FUNDING CORP P 2010-06-03 2020-02-08
234.9308 SHS GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-02-15
18 SHS BOOKING HOLDINGS INC. P 2018-11-20 2020-02-24
28 SHS BOOKING HOLDINGS INC. P 2014-06-25 2020-02-24
45.825 SHS FNMA PASS-THRU INT 20 YEAR P 2006-01-24 2020-02-25
281.2592 SHS FNMA - PASS-THRU 30 YEAR P 2011-12-01 2020-02-25
8.354 SHS FNMA PASS-THRU LNG 30 YEAR P 2008-03-27 2020-02-25
2375 SHS KEYCORP P 2017-08-15 2020-02-26
1975 SHS KEYCORP P 2017-09-20 2020-02-26
115 SHS SMUCKER J M CO COM NEW P 2017-04-06 2020-02-26
315 SHS SMUCKER J M CO COM NEW P 2016-12-06 2020-02-26
400 SHS DELTA AIR LINES INC P 2017-04-13 2020-03-02
1300 SHS DELTA AIR LINES INC P 2016-05-10 2020-03-02
315 SHS VANGUARD S AND P 500 ETF P 2019-10-24 2020-03-03
20 SHS VANGUARD S AND P 500 ETF P 2019-01-16 2020-03-03
0.032 SHS INGERSOLL-RAND INC P 2018-06-05 2020-03-03
167.624 SHS INGERSOLL-RAND INC P 2018-06-05 2020-03-05
432.376 SHS INGERSOLL-RAND INC P 2018-03-01 2020-03-05
965 SHS GILEAD SCIENCES INC COM P 2017-11-08 2020-03-11
50.9925 SHS GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-03-15
50 SHS AMERICAN TOWER CORP CL A P 2017-09-27 2020-03-17
130 SHS AMERICAN TOWER CORP CL A P 2017-06-16 2020-03-17
70 SHS THERMO FISHER SCIENTIFIC INC COM P 2010-12-02 2020-03-17
19622.093 SHS ALPS CORE COMMODITY MANAGEMENT COMPLETE P 2015-11-16 2020-03-17
17098.446 SHS HARDING LOEVNER INSTITUTIONAL EMERGING MARKETS FUND P 2014-08-14 2020-03-17
14844.172 SHS TEMPLETON INCOME TR GLB BD ADVSOR P 2011-02-01 2020-03-17
170 SHS BOEING CO COM P 2019-03-15 2020-03-18
48.0813 SHS FNMA PASS-THRU INT 20 YEAR P 2006-01-24 2020-03-25
706.9118 SHS FNMA - PASS-THRU 30 YEAR P 2011-12-01 2020-03-25
78.988 SHS FNMA PASS-THRU LNG 30 YEAR P 2008-03-27 2020-03-25
80000 SHS UNITED TECHNOLOGIES CORP P 2011-12-16 2020-03-29
75000 SHS GEORGIA POWER CO P 2017-02-28 2020-03-30
515 SHS DISCOVER FINL SVCS COM P 2013-06-04 2020-03-30
600 SHS DISCOVER FINL SVCS COM P 2013-08-29 2020-03-30
0.5 SHS OTIS WORLDWIDE CORP P 2019-01-30 2020-04-07
41.8574 SHS GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-04-15
5599.104 SHS STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND P 2015-12-14 2020-04-21
50.9275 SHS FNMA PASS-THRU INT 20 YEAR P 2006-01-24 2020-04-25
239.9149 SHS FNMA - PASS-THRU 30 YEAR P 2011-12-01 2020-04-25
8.08 SHS 4.000% DUE 01-01-41 FNMA PASS-THRU LNG 30 YEAR P 2008-03-27 2020-04-25
19720.501 SHS 5.500% DUE 02-01-33 BRANDES INTERNATIONAL EQUITY FUND P 2016-03-07 2020-04-27
75000 SHS SCHWAB TREASURY OBLIGATIONS MONEY FUND P 2018-12-24 2020-05-12
25000 SHS SCHWAB TREASURY OBLIGATIONS MONEY FUND P 2019-04-18 2020-05-12
42.4125 SHS GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-05-15
50.5274 SHS 6.000% DUE 11-15-32 FNMA PASS-THRU INT 20 YEAR P 2006-01-24 2020-05-25
716.6418 SHS 5.500% DUE 02-01-26 FNMA - PASS-THRU 30 YEAR P 2011-12-01 2020-05-25
82.06 SHS 4.000% DUE 01-01-41 FNMA PASS-THRU LNG 30 YEAR P 2008-03-27 2020-05-25
80000 SHS 5.500% DUE 02-01-33 GENERAL ELECTRIC CO P 2014-03-26 2020-06-09
43.2081 SHS 4.650% DUE 10-17-21 GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-06-15
72.2763 SHS 6.000% DUE 11-15-32 FNMA PASS-THRU INT 20 YEAR P 2006-01-24 2020-06-25
257.0471 SHS 5.500% DUE 02-01-26 FNMA - PASS-THRU 30 YEAR P 2011-12-01 2020-06-25
7.612 SHS 4.000% DUE 01-01-41 FNMA PASS-THRU LNG 30 YEAR P 2008-03-27 2020-06-25
100000 SHS 5.500% DUE 02-01-33 SCHWAB TREASURY OBLIGATIONS MONEY FUND P 2019-04-18 2020-06-26
72000 SHS ANHEUSER BUSCH INBEV FIN INC P 2017-11-14 2020-07-07
424.1757 SHS 3.300% DUE 02-01-23 GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-07-15
76.215 SHS FNMA PASS-THRU INT 20 YEAR P 2006-01-24 2020-07-25
361.8702 SHS 5.500% DUE 02-01-26 FNMA - PASS-THRU 30 YEAR P 2011-12-01 2020-07-25
71.166 SHS 4.000% DUE 01-01-41 FNMA PASS-THRU LNG 30 YEAR P 2008-03-27 2020-07-25
39.0468 SHS 5.500% DUE 02-01-33 GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-08-15
100000 SHS 6.000% DUE 11-15-32 UNITED STATES TREASURY NOTE P 2010-09-02 2020-08-15
104.3162 SHS 2.625% DUE 08-15-20 FNMA PASS-THRU INT 20 YEAR P 2006-01-24 2020-08-25
693.6809 SHS 5.500% DUE 02-01-26 FNMA - PASS-THRU 30 YEAR P 2011-12-01 2020-08-25
7.394 SHS 4.000% DUE 01-01-41 FNMA PASS-THRU LNG 30 YEAR P 2008-03-27 2020-08-25
75000 SHS 5.500% DUE 02-01-33 SCHWAB TREASURY OBLIGATIONS MONEY FUND P 2019-04-18 2020-08-27
25000 SHS SCHWAB TREASURY OBLIGATIONS MONEY FUND P 2019-07-18 2020-08-27
88.3103 SHS GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-09-15
60 SHS 6.000% DUE 11-15-32 CARRIER GLOBAL CORP P 2019-01-30 2020-09-21
555 SHS CARRIER GLOBAL CORP P 2014-07-10 2020-09-21
50 SHS CARRIER GLOBAL CORP P 2014-07-29 2020-09-21
29.5 SHS OTIS WORLDWIDE CORP P 2019-01-30 2020-09-21
277.5 SHS OTIS WORLDWIDE CORP P 2014-07-10 2020-09-21
25 SHS OTIS WORLDWIDE CORP P 2014-07-29 2020-09-21
10 SHS LOWES COS INC COM P 2017-05-30 2020-09-21
315 SHS LOWES COS INC COM P 2017-06-28 2020-09-21
55 SHS LOWES COS INC COM P 2016-09-07 2020-09-21
126.8138 SHS FNMA PASS-THRU INT 20 YEAR P 2006-01-24 2020-09-25
579.5731 SHS 5.500% DUE 02-01-26 FNMA - PASS-THRU 30 YEAR P 2011-12-01 2020-09-25
7.428 SHS 4.000% DUE 01-01-41 FNMA PASS-THRU LNG 30 YEAR P 2008-03-27 2020-09-25
53.7589 SHS 5.500% DUE 02-01-33 GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-10-15
100 SHS 6.000% DUE 11-15-32 INTEL CORP COM P 2016-10-26 2020-10-23
715 SHS INTEL CORP COM P 2016-11-04 2020-10-23
50.76 SHS FNMA PASS-THRU INT 20 YEAR P 2006-01-24 2020-10-25
170.0381 SHS 5.500% DUE 02-01-26 FNMA - PASS-THRU 30 YEAR P 2011-12-01 2020-10-25
7.474 SHS 4.000% DUE 01-01-41 FNMA PASS-THRU LNG 30 YEAR P 2008-03-27 2020-10-25
100000 SHS 5.500% DUE 02-01-33 SCHWAB TREASURY OBLIGATIONS MONEY FUND P 2019-07-18 2020-11-03
42.6998 SHS GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-11-15
0.7218 SHS 6.000% DUE 11-15-32 VIATRIS INC P 2018-03-13 2020-11-17
222 SHS VIATRIS INC P 2018-03-13 2020-11-18
48.1513 SHS FNMA PASS-THRU INT 20 YEAR P 2006-01-24 2020-11-25
597.1902 SHS 5.500% DUE 02-01-26 FNMA - PASS-THRU 30 YEAR P 2011-12-01 2020-11-25
7.506 SHS 4.000% DUE 01-01-41 FNMA PASS-THRU LNG 30 YEAR P 2008-03-27 2020-11-25
38.6412 SHS 5.500% DUE 02-01-33 GNMA PASS-THRU X SINGLE FAMILY P 2003-12-16 2020-12-15
100000 SHS 6.000% DUE 11-15-32 SCHWAB TREASURY OBLIGATIONS MONEY FUND P 2019-07-18 2020-12-17
100000 SHS SCHWAB TREASURY OBLIGATIONS MONEY FUND P 2019-12-31 2020-12-17
100000 SHS SCHWAB TREASURY OBLIGATIONS MONEY FUND P 2020-03-09 2020-12-17
915 SHS APPLE INC COM P 2010-03-29 2020-12-23
118.605 SHS FNMA PASS-THRU INT 20 YEAR P 2006-01-24 2020-12-25
686.9685 SHS 5.500% DUE 02-01-26 FNMA - PASS-THRU 30 YEAR P 2011-12-01 2020-12-25
8.452 SHS FNMA PASS-THRU LNG 30 YEAR 5.500% DUE 02-01-33 P 2008-03-27 2020-12-25
BESPOKE 2019 K1 P 2020-12-01 2020-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 45   47 -2
b 66   66 0
c 317   330 -13
d 8   8 0
e 6,526   994 5,532
7,665   3,578 4,087
8,292   1,296 6,996
6,430   2,321 4,109
4,102   2,781 1,321
45,651   30,497 15,154
85,000   85,000 0
41,291   6,741 34,550
27,389   27,460 -71
50,000   50,000 0
85,000   85,000 0
235   245 -10
32,169   31,347 822
50,041   33,795 16,246
46   46 0
281   293 -12
8   8 0
42,880   42,633 247
35,658   35,433 225
12,752   14,929 -2,177
34,930   39,776 -4,846
18,236   17,643 593
59,267   55,867 3,400
88,671   86,864 1,807
5,630   4,807 823
1   1 0
4,644   3,803 841
11,978   9,541 2,437
71,353   70,573 780
51   53 -2
11,289   6,767 4,522
29,351   17,179 12,172
20,494   3,630 16,864
96,128   135,020 -38,892
280,224   330,020 -49,796
151,687   195,421 -43,734
16,927   64,835 -47,908
48   48 0
707   738 -31
79   80 -1
80,160   90,482 -10,322
75,000   75,000 0
19,129   24,979 -5,850
22,286   28,588 -6,302
24   31 -7
42   44 -2
50,036   56,592 -6,556
51   51 0
240   250 -10
8   8 0
239,781   299,177 -59,396
75,000   75,000 0
25,000   25,000 0
42   44 -2
51   51 0
717   748 -31
82   83 -1
83,343   81,576 1,767
43   45 -2
72   72 0
257   268 -11
8   8 0
100,000   100,000 0
76,670   76,680 -10
424   443 -19
76   76 0
362   378 -16
71   72 -1
39   41 -2
100,000   100,000 0
104   105 -1
694   724 -30
7   7 0
75,000   75,000 0
25,000   25,000 0
88   92 -4
1,787   1,328 459
16,533   11,760 4,773
1,489   1,016 473
1,760   1,827 -67
16,558   16,447 111
1,492   1,421 71
1,570   799 771
49,462   24,216 25,246
8,636   4,140 4,496
127   127 0
580   605 -25
7   7 0
54   56 -2
4,787   3,510 1,277
34,228   24,142 10,086
51   51 0
170   177 -7
7   8 -1
100,000   100,000 0
43   45 -2
12   11 1
3,561   3,430 131
48   48 0
597   623 -26
8   8 0
39   40 -1
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
120,340   7,629 112,711
119   119 0
687   717 -30
9   9 0
708     708
11,557     11,557
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
b       0
c       -13
d       0
e       5,532
      4,087
      6,996
      4,109
      1,321
      15,154
      0
      34,550
      -71
      0
      0
      -10
      822
      16,246
      0
      -12
      0
      247
      225
      -2,177
      -4,846
      593
      3,400
      1,807
      823
      0
      841
      2,437
      780
      -2
      4,522
      12,172
      16,864
      -38,892
      -49,796
      -43,734
      -47,908
      0
      -31
      -1
      -10,322
      0
      -5,850
      -6,302
      -7
      -2
      -6,556
      0
      -10
      0
      -59,396
      0
      0
      -2
      0
      -31
      -1
      1,767
      -2
      0
      -11
      0
      0
      -10
      -19
      0
      -16
      -1
      -2
      0
      -1
      -30
      0
      0
      0
      -4
      459
      4,773
      473
      -67
      111
      71
      771
      25,246
      4,496
      0
      -25
      0
      -2
      1,277
      10,086
      0
      -7
      -1
      0
      -2
      1
      131
      0
      -26
      0
      -1
      0
      0
      0
      112,711
      0
      -30
      0
      708
      11,557
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 31,935
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 3,047
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 3,047
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 3,047
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,960
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,960
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 5,913
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,913 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVA
    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 addressbulletN/A
    14
    The books are in care ofbulletMARTHA E GROVER Telephone no.bullet (804) 282-3036

    Located atbullet5607 GROVE AVENUERICHMONDVA ZIP+4bullet23226
    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
     
     
    ........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
     
     
    .........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
    MARTHA E GROVER PRESIDENT/SECRETARY
    0.00     		0 0 0
    5607 GROVE AVENUE
    RICHMOND,VA23226
    JOHN L CROWLEY VICE PRESIDENT/TREASURER
    0.00     		0 0 0
    5607 GROVE AVENUE
    RICHMOND,VA23226
    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 THE ESTES FOUNDATION DOES NOT CARRY ON DIRECT CHARITABLE ACTIVITIES. 0
    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.........................bullet0
    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
    13,059,976
    b
    Average of monthly cash balances.......................
    1b
    1,034,459
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,094,435
    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
    14,094,435
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    211,417
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,883,018
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    694,151
    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
    694,151
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    3,047
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,047
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    691,104
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    691,104
    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
    691,104
    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
    724,560
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    724,560
    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
    724,560
    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 7 691,104
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 683,554
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 724,560
    a Applied to 2019, but not more than line 2a 683,554
    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..... 41,006
    e Remaining amount distributed out of corpus 0
    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 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 ..........     		650,098
    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....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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
    ALZHEIMER'S ASSOCIATION
    4600 COX RD 130
    GLEN ALLEN,VA23060     		N/A PUBLIC CHARITY GENERAL 5,000
    AMERICAN JEWISH UNIVERSITY
    15600 MULLHOLLAND DR
    LOS ANGELES,CA90077     		N/A PUBLIC CHARITY GENERAL 10,000
    AREA CONGREGATIONS TOGETHER IN SERVICE
    1 N 5TH ST
    RICHMOND,VA23219     		N/A PUBLIC CHARITY GENERAL 30,000
    ART 180
    114 W MARSHALL ST
    RICHMOND,VA23220     		N/A PUBLIC CHARITY GENERAL 5,000
    BOYS AND GIRLS CLUB OF METRO RICHMOND
    5511 STAPLES MILL ROAD
    RICHMOND,VA23228     		N/A PUBLIC CHARITY GENERAL 50,000
    CAPITAL TREES
    200 S 3RD ST
    RICHMOND,VA23219     		N/A PUBLIC CHARITY GENERAL 7,500
    CARITASTHE CARITAS CENTER
    PO BOX 25790
    RICHMOND,VA232605790     		N/A PUBLIC CHARITY GENERAL 50,000
    CHESAPEAKE BAY FOUNDATION
    6 HERNDON AVENUE
    ANNAPOLIS,MD21403     		N/A PUBLIC CHARITY GENERAL 5,000
    CHILDSAVERS
    200 N 22ND ST
    RICHMOND,VA23223     		N/A PUBLIC CHARITY GENERAL 10,000
    CHURCH HILL ACTIVITIES & TUTORING (CHAT)
    3015 N ST RICHMOND
    RICHMOND,VA23223     		N/A PUBLIC CHARITY GENERAL 10,000
    COLLEGIATE SCHOOL
    103 N MOORELAND RD
    RICHMOND,VA23229     		N/A PUBLIC CHARITY GENERAL 15,000
    COMMUNITIES IN SCHOOLS
    2922 W MARSHALL ST
    RICHMOND,VA23230     		N/A PUBLIC CHARITY GENERAL 10,000
    CROSS OVER MINISTRIES
    8600 QUIOCCASSIN RD
    RICHMOND,VA23229     		N/A PUBLIC CHARITY GENERAL 25,000
    FEEDMORE
    1415 RHOADMILLER ST
    RICHMOND,VA23220     		N/A PUBLIC CHARITY GENERAL 15,000
    FIRST PRESBYTERIAN
    4602 CARY STREET
    RICHMOND,VA23226     		N/A PUBLIC CHARITY GENERAL 15,000
    FOCUS
    5806 GROVE AVENUE
    RICHMOND,VA23226     		N/A PUBLIC CHARITY GENERAL 5,000
    FRIENDS ASSOCIATION FOR CHILDREN
    1004 ST JOHN ST
    RICHMOND,VA23220     		N/A PUBLIC CHARITY GENERAL 25,000
    GATEWAY HOMES
    11901 REEDY BRANCH RD
    CHESTERFIELD,VA23838     		N/A PUBLIC CHARITY GENERAL 5,000
    GOOCHLAND CARES
    2999 RIVER ROAD W
    GOOCHLAND,VA23063     		N/A PUBLIC CHARITY GENERAL 25,000
    GREATER RICHMOND FCA
    2711 BUGORD RD STE 220
    RICHMOND,VA23235     		N/A PUBLIC CHARITY GENERAL 5,000
    HEALTH BRIGADE
    1010 N THOMPSON ST
    RICHMOND,VA23230     		N/A PUBLIC CHARITY GENERAL 20,000
    HISTORIC RICHMOND FOUNDATION
    4 EAST MAIN STREET
    RICHMOND,VA23219     		N/A PUBLIC CHARITY GENERAL 5,000
    HOLLYWOOD CEMETERY
    412 SOUTH CHERRY STREET
    RICHMOND,VA23230     		N/A PUBLIC CHARITY GENERAL 5,000
    HOMEWARDVA
    9211 FOREST HILL AVE STE 200
    RICHMOND,VA23235     		N/A PUBLIC CHARITY GENERAL 15,000
    INSTITUTE FOR CONTEMPORARY ART AT VCU
    601 W BROAD STREET
    RICHMOND,VA23220     		N/A PUBLIC CHARITY GENERAL 1,500
    JAMES MADISON UNIVERSITY
    800 S MAIN STREET
    HARRISONBURG,VA22807     		N/A PUBLIC CHARITY GENERAL 30,000
    JAMES RIVER ASSOCIATION
    4833 OLD MAIN ST
    RICHMOND,VA23231     		N/A PUBLIC CHARITY GENERAL 10,000
    JUNIOR ACHIEVEMENT OF RICHMOND
    1801 LIBBIE AVE STE 203
    RICHMOND,VA23226     		N/A PUBLIC CHARITY GENERAL 7,500
    MAYMONT FOUNDATION
    1700 HAMPTON ST
    RICHMOND,VA23220     		N/A PUBLIC CHARITY GENERAL 5,000
    MCV FOUNDATION
    1228 E BROAD ST
    RICHMOND,VA23298     		N/A PUBLIC CHARITY GENERAL 1,000
    MIDDLESEX VOLUNTEER FIRE DEPARTMENT
    330 VIRGINIA STREET
    URBANNA,VA23175     		N/A PUBLIC CHARITY GENERAL 1,000
    MUSCULAR DYSTROPHY ASSOCIATION
    1503 SANTA ROSA RD
    RICHMOND,VA23229     		N/A PUBLIC CHARITY GENERAL 2,500
    NATIONAL ASSOC FOR MENTAL ILLNESS (NAMI)
    1904 BYRD AVE 207
    RICHMOND,VA23230     		N/A PUBLIC CHARITY GENERAL 2,500
    NORTHSTAR ACADEMY
    8055 SHRADER RD
    RICHMOND,VA23294     		N/A PUBLIC CHARITY GENERAL 7,500
    OAKWOOD ARTS
    3511 P STREET
    RICHMOND,VA23223     		N/A PUBLIC CHARITY GENERAL 7,500
    PATH PARTNERSHIPS
    3322 W FRANKLIN ST
    RICHMOND,VA23221     		N/A PUBLIC CHARITY GENERAL 1,000
    PETER PAUL DEVELOPMENT CENTER
    1708 N 22ND ST
    RICHMOND,VA23223     		N/A PUBLIC CHARITY GENERAL 15,000
    POLLAK SOCIETY
    PO BOX 842519
    RICHMOND,VA23284     		N/A PUBLIC CHARITY GENERAL 1,000
    RE WORK RICHMOND
    1719 NORTH 22ND STREET
    RICHMOND,VA23223     		N/A PUBLIC CHARITY GENERAL 7,500
    RICHMOND BALLET
    407 EAST CANAL STREET
    RICHMOND,VA23219     		N/A PUBLIC CHARITY GENERAL 7,500
    RICHMOND HILL
    2209 EAST GRACE STREET
    RICHMOND,VA23223     		N/A PUBLIC CHARITY GENERAL 5,000
    RICHMOND SYMPHONY
    612 E GRACE ST 401
    RICHMOND,VA23219     		N/A PUBLIC CHARITY GENERAL 7,500
    SACRED HEART CENTER
    1400 PERRY ST
    RICHMOND,VA23224     		N/A PUBLIC CHARITY GENERAL 15,000
    SHALOM FARMS
    1010 W LABURNUM AVE
    RICHMOND,VA23227     		N/A PUBLIC CHARITY GENERAL 35,000
    ST JOSEPH'S VILLA
    8000 BROOK RD
    RICHMOND,VA23227     		N/A PUBLIC CHARITY GENERAL 7,500
    THE DAILY PLANET
    517 W GRACE ST
    RICHMOND,VA23220     		N/A PUBLIC CHARITY GENERAL 15,000
    THE VALENTINE
    1015 E CLAY ST
    RICHMOND,VA23219     		N/A PUBLIC CHARITY GENERAL 7,500
    UNITED METHODIST FAMILY SERVICES
    3900 WEST BROAD STREET
    RICHMOND,VA23230     		N/A PUBLIC CHARITY GENERAL 7,500
    VCU FOUNDATION
    PO BOX 842039
    RICHMOND,VA232842039     		N/A PUBLIC CHARITY GENERAL 5,000
    VIRGINIA HISTORICAL SOCIETY
    428 N ARTHUR ASHE BLVD
    RICHMOND,VA23220     		N/A PUBLIC CHARITY GENERAL 2,500
    VIRGINIA HOME FOR BOYS & GIRLS
    8716 WEST BROAD STREET
    RICHMOND,VA23294     		N/A PUBLIC CHARITY GENERAL 7,500
    VIRGINIA LEAGUE FOR PLANNED PARENTHOOD
    201 NORTH HAMILTON STREET
    RICHMOND,VA23221     		N/A PUBLIC CHARITY GENERAL 58,000
    VIRGINIA MUSEUM OF FINE ARTS
    200 N ARTHUR ASHE BLVD
    RICHMOND,VA23220     		N/A PUBLIC CHARITY GENERAL 2,500
    VIRGINIA REPERTORY THEATRE
    114 WEST BROAD STREET
    RICHMOND,VA23220     		N/A PUBLIC CHARITY GENERAL 10,000
    VIRGINIA SUPPORTIVE HOUSING
    5008 MONUMENT AVE 200
    RICHMOND,VA23230     		N/A PUBLIC CHARITY GENERAL 7,500
    VMI FOUNDATION
    304 LECHTER AVE
    LEXINGTON,VA24450     		N/A PUBLIC CHARITY GENERAL 5,000
    YMCA
    6 N 5TH ST
    RICHMOND,VA23219     		N/A PUBLIC CHARITY GENERAL 15,000
    Total .................................bullet 3a 693,500
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 4  
    4 Dividends and interest from securities....     14 248,341  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 55,102  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 31,935  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 335,382 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    335,382
    (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:
    ESTES FOUNDATION CO DANIEL L MCPHAIL
    EIN:
    23-7045252
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 5,200 0   2,600

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ESTES FOUNDATION CO DANIEL L MCPHAIL
    EIN:
    23-7045252
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 2,307,033 2,452,645

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ESTES FOUNDATION CO DANIEL L MCPHAIL
    EIN:
    23-7045252
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 4,300,641 7,773,888

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    ESTES FOUNDATION CO DANIEL L MCPHAIL
    EIN:
    23-7045252
    US Government Securities - End of Year Book Value:

    1,323,310
    US Government Securities - End of Year Fair Market Value:

    1,537,289
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    ESTES FOUNDATION CO DANIEL L MCPHAIL
    EIN:
    23-7045252
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENTS AT COST 908,096 1,408,066
    BESPOKE PRIVATE STRATEGIES LP SERIES 2019 AT COST 389,197 505,515
    BESPOKE PRIVATE STRATEGIES LP SERIES 2017 AT COST 463,719 1,083,145
    BESPOKE PRIVATE STRATEGIES LP SERIES 2018 AT COST 271,716 510,274
    BESPOKE PRIVATE STRATEGIES LP SERIES 2020 AT COST 216,000 296,811

    TY 2020 LegalFeesSchedule
    Name:
    ESTES FOUNDATION CO DANIEL L MCPHAIL
    EIN:
    23-7045252
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 220 0   110


    TY 2020 OtherDecreasesSchedule
    Name:
    ESTES FOUNDATION CO DANIEL L MCPHAIL
    EIN:
    23-7045252
    Description Amount
    PARTNERSHIP ADJUSTMENT TO TAX BASIS 9,761
    TIMING DIFFERENCES 5,477


    TY 2020 OtherExpensesSchedule
    Name:
    ESTES FOUNDATION CO DANIEL L MCPHAIL
    EIN:
    23-7045252
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 17 17   0
    SUPPLIES 27 0   0
    OTHER DEDUCTIONS - BESPOKE 2019 5,614 5,614   0


    TY 2020 OtherIncomeSchedule2
    Name:
    ESTES FOUNDATION CO DANIEL L MCPHAIL
    EIN:
    23-7045252
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PIMCO ALL ASSET 50 50 50
    BESPOKE 2019 680 680 680
    SUBPART F INCOME/BESPOKE 54,372 0 54,372


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ESTES FOUNDATION CO DANIEL L MCPHAIL
    EIN:
    23-7045252
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 54,068 54,068   0
    CONSULTING 28,350 0   28,350


    TY 2020 TaxesSchedule
    Name:
    ESTES FOUNDATION CO DANIEL L MCPHAIL
    EIN:
    23-7045252
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX-INVESTMENT 2,715 0   0
    FOREIGN TAXES PAID 2,100 2,100   0