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
THE RATLIFF CHARITABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1900 CRESTWOOD BOULEVARD NO 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, AL35210
A Employer identification number

63-1198327
B Telephone number (see instructions)

(205) 951-4479
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$16,477,222J 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 7,637 7,637  
4 Dividends and interest from securities... 148,409 124,675  
5a Gross rents............ 89,148 89,148  
b Net rental income or (loss) -383,080
6a Net gain or (loss) from sale of assets not on line 10 1,520,770
b Gross sales price for all assets on line 6a 7,004,644
7 Capital gain net income (from Part IV, line 2)... 1,520,770
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 -444,627 27,784  
12 Total. Add lines 1 through 11........ 1,321,337 1,770,014  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,400 4,700   4,700
c Other professional fees (attach schedule).... Click to see attachment 251,372 251,372   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,145 2,145   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 509,356 490,792   18,564
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 772,273 749,009   23,264
25 Contributions, gifts, grants paid....... 1,103,350 1,103,350
26 Total expenses and disbursements. Add lines 24 and 25 1,875,623 749,009   1,126,614
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -554,286
b Net investment income (if negative, enter -0-) 1,021,005
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.............      
2 Savings and temporary cash investments......... 498,647 504,206 504,206
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)      
b Investments—corporate stock (attach schedule)....... 7,082,623 Click to see attachment8,728,629 11,336,266
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,433,497 Click to see attachment3,753,596 4,636,750
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) 13,014,767 12,986,431 16,477,222
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) Click to see attachment480,956 Click to see attachment1,006,906
23 Total liabilities (add lines 17 through 22)......... 480,956 1,006,906
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 12,533,811 11,979,525
29 Total net assets or fund balances (see instructions)..... 12,533,811 11,979,525
30 Total liabilities and net assets/fund balances (see instructions). 13,014,767 12,986,431
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
12,533,811
2
Enter amount from Part I, line 27a .....................
2
-554,286
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
11,979,525
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,979,525
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 WF FIDELITY FUNDS PRIME RESERVES     2020-08-13
b WF FIDELITY FUNDS PRIME RESERVES     2020-08-13
c RAYMOND JAMES     2020-12-31
d RAYMOND JAMES     2020-12-31
e TD ISHARES TRUST MBS ETF   2020-09-11 2020-12-31
TD PIMCO INVESTMENTS SHORT TERM     2020-12-31
TD PROSHARES TRUST S&P 500 DV ARIST ETF     2020-05-14
TD PROSHARES TRUST S&P 500 DV ARIST ETF     2020-05-14
VVP FACEBOOK INC   2019-11-12 2020-01-24
VVP ALPHABET INC   2019-08-07 2020-01-24
VVP IBSTOCK PLC   2018-06-20 2020-01-27
VVP MASTERCARD INC   2019-10-30 2020-01-24
VVP NVIDIACORP   2019-06-06 2020-01-16
VVP VISA INC   2014-07-11 2020-01-24
VVP NVIDIACORP   2019-06-05 2020-02-26
VVP AIRBUS SE     2020-03-31
VVP AMAZON INC   2019-02-20 2020-03-11
VVP ANTHEM INC   2019-11-14 2020-03-10
VVP COHERENT INC   2018-10-16 2020-03-17
VVP MASTERCARD INC   2014-07-11 2020-03-11
VVP MARRIOTT INTNL INC   2019-12-17 2020-03-19
VVP MICROSOFT CORP   2019-11-26 2020-03-13
VVP MNATIONAL OILWELL VARCO INC   2015-08-12 2020-03-27
VVP NVIDIACORP   2019-06-04 2020-03-10
VVP SLEEP NUMBER CORP   2019-11-13 2020-03-26
VVP VISA INC   2014-07-11 2020-03-17
VVP AIRBUS SE     2020-04-09
VVP AMAZON INC   2020-04-07 2020-04-21
VVP HILTON WORLDWIDE HOLDINGS   2019-12-02 2020-04-14
VVP NATIONAL OILWELL VARCO INC   2017-08-11 2020-04-08
VVP SWISS RE AG   2015-06-10 2020-04-21
VVP WHITEBREAD PLC   2020-02-14 2020-04-20
VVP VCVS HEALTH CORP   2019-03-14 2020-06-30
VVP WHITEBREAD PLC   2020-01-28 2020-06-24
VVP AMAZON INC   2020-04-06 2020-07-29
VVP CVS HEALTH CORP   2020-03-25 2020-07-01
VVP FACEBOOK INC   2019-11-12 2020-07-28
VVP ALPHABET INC   2019-08-07 2020-07-28
VVP SKYWORKS SOLUTIONS INC   2018-02-06 2020-07-07
VVP NVIDIACORP   2019-06-04 2020-08-24
VVP CREDIT ACCEPTANCE CORP   2020-03-10 2020-10-29
VVP ALPHABET INC   2020-03-24 2020-10-30
VVP QORVO INC   2018-11-14 2020-10-28
VVP SKYWORKS SOLUTIONS INC   2016-09-06 2020-10-28
VVP CREDIT ACCEPTANCE CORP   2020-03-13 2020-11-13
VVP ALPHABET INC   2020-03-24 2020-11-04
VVP HILTON WORLDWIDE HOLDINGS   2018-10-25 2020-11-16
VVP JONES LANG LASALLE INC   2019-05-13 2020-11-25
VVP LBSTOCK PLC   2018-07-06 2020-12-29
VVP QORVO INC   2018-11-14 2020-12-23
VVP WHITEBREAD PLC   2020-01-28 2020-12-22
BASIS ON TERMINATION OF INVESTMENT K1S P   2020-12-31
FROM PASSTHROUGH INVESTMENT K-1'S P   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 352   352 0
b 27,597   27,583 14
c 1,143,510   1,298,120 -154,610
d 110,978   112,386 -1,408
e 305,149   305,554 -405
770,073   774,899 -4,826
128,076   141,310 -13,234
237,856   265,645 -27,789
28,353   25,480 2,873
23,463   18,585 4,878
31,168   31,089 79
25,834   22,038 3,796
72,108   41,928 30,180
15,139   3,990 11,149
20,916   11,022 9,894
117,003   221,466 -104,463
34,515   30,875 3,640
46,561   46,366 195
172,784   203,215 -30,431
18,211   6,765 11,446
98,623   196,892 -98,269
20,331   21,441 -1,110
26,917   68,069 -41,152
82,328   45,037 37,291
65,523   87,071 -21,548
14,099   4,853 9,246
79,780   83,179 -3,399
35,244   30,376 4,868
73,305   94,060 -20,755
56,070   136,754 -80,684
86,660   109,218 -22,558
62,791   114,555 -51,764
92,715   77,826 14,889
5,580     5,580
39,457   25,835 13,622
65   53 12
50,302   41,761 8,541
89,355   70,225 19,130
40,633   31,260 9,373
44,285   12,187 32,098
61,757   79,505 -17,748
13,058   8,892 4,166
148,570   77,881 70,689
137,288   77,250 60,038
100,773   111,850 -11,077
5,269   3,334 1,935
17,910   11,107 6,803
9,534   9,442 92
50,822   60,605 -9,783
17,848   6,706 11,142
34,556   49,921 -15,365
    148,061 -148,061
1,900,309     1,900,309
113,241     113,241
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       0
b       14
c       -154,610
d       -1,408
e       -405
      -4,826
      -13,234
      -27,789
      2,873
      4,878
      79
      3,796
      30,180
      11,149
      9,894
      -104,463
      3,640
      195
      -30,431
      11,446
      -98,269
      -1,110
      -41,152
      37,291
      -21,548
      9,246
      -3,399
      4,868
      -20,755
      -80,684
      -22,558
      -51,764
      14,889
      5,580
      13,622
      12
      8,541
      19,130
      9,373
      32,098
      -17,748
      4,166
      70,689
      60,038
      -11,077
      1,935
      6,803
      92
      -9,783
      11,142
      -15,365
      -148,061
      1,900,309
      113,241
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 1,520,770
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 14,192
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 14,192
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 14,192
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 10,456
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,456
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 3,736
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
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)
    bulletAL
    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 ofbulletCARL LESSMAN Telephone no.bullet (205) 951-4479

    Located atbullet1900 CRESTWOOD BOULEVARD SUITE 300BIRMINGHAMAL ZIP+4bullet35210
    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
    WILLIAM T RATLIFF III PRES/TREAS/DIRECTOR
    1.00     		0 0 0
    1900 CRESTWOOD BOULEVARD SUITE 300
    BIRMINGHAM,AL35210
    CARL A LESSMAN DIRECTOR
    1.00     		0 0 0
    1900 CRESTWOOD BOULEVARD SUITE 300
    BIRMINGHAM,AL35210
    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.........................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
    9,843,415
    b
    Average of monthly cash balances.......................
    1b
    395,436
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,683,372
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,922,223
    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
    14,922,223
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    223,833
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,698,390
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    734,920
    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
    734,920
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    14,192
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,192
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    720,728
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    720,728
    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
    720,728
    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
    1,126,614
    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
    1,126,614
    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
    1,126,614
    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 7 720,728
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 671,561
    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$ 1,126,614
    a Applied to 2019, but not more than line 2a 671,561
    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..... 455,053
    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 ..........     		265,675
    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
    ADELANTE ALABAMA WORKER CENTER
    2104 CHAPEL HILL ROAD
    BIRMINGHAM,AL35216     		NONE PUBLIC CHARITY GENERAL SUPPORT 30,000
    ALABAMA COALITION FOR IMMIGRANT JUSTICE
    1826 6TH AVENUE SOUTH
    IRONDALE,AL35210     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    ALAQUEST COLLABORATIVE FOR EDUCATION
    PO BOX 550241
    BIRMINGHAM,AL35255     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    AMERICANS FOR IMMIGRANT JUSTICE
    6355 NW 36TH STREET STE 2201
    MIAMI,FL33166     		NONE PUBLIC CHARITY GENERAL SUPPORT 20,000
    BIRMINGHAM EDUCATION FOUNDATION
    901 9TH AVENUE N
    BIRMINGHAM,AL35204     		NONE PUBLIC CHARITY GENERAL SUPPORT 70,000
    CAHABA RIVER SOCIETY
    2717 7TH AVENUE SOUTH STE 205
    BIRMINGHAM,AL35233     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    COMMUNITY FOUNDATION OF GREATER BIRMINGHAM
    2100 FIRST AVENUE N STE 700
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY GENERAL SUPPORT 27,500
    CORNERSTONE SCHOOLS OF ALABAMA
    118 55TH STREET NORTH
    BIRMINGHAM,AL35212     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    DURHAM PROUD PROGRAM INC
    118 E MAIN STREET
    DURHAM,NC27701     		NONE PUBLIC CHARITY GENERAL SUPPORT 20,000
    ECUMENICAL MINISTRIES INC
    102 W SPRUCE AVE
    FAIRHOPE,AL36533     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    EKVNV YEFOLECKVLKE
    PO BOX 148
    WEOGUFKA,AL35183     		NONE PUBLIC CHARITY GENERAL SUPPORT 55,000
    EL FUTURO INC
    2020 CHAPEL HILL ROAD STE 23
    DURHAM,NC27707     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    EL PUEBLO INC
    2321 CRABTREE BOULEVARD STE 105
    RALEIGH,NC27604     		NONE PUBLIC CHARITY GENERAL SUPPORT 12,500
    FEDERATION OF SOUTHERN COOPERATIVES LAND ASSISTANCE FUND
    2769 CHURCH STREET
    EAST POINT,GA30344     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    FIRST LIGHT INC
    2230 FOURTH AVENUE NORTH
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    FRESHWATER LAND TRUST
    2308 1ST AVENUE NORTH
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    GIDEONS ARMY GRASSROOTS ARMY FOR CHILDREN
    600 28TH AVENUE NORTH
    NASHVILLE,TN37208     		NONE PUBLIC CHARITY GENERAL SUPPORT 37,500
    GOOD SHEPHERD COMMUNITY CENTER
    629 CHERRY STREET
    VICKSBURG,MS39183     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    GRASSROOTS INTERNATIONAL INC
    179BOYLSTON STREET 4TH FLOOR
    JAMAICA PLAIN,MA02130     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    GREATER BIRMINGHAM MINISTIRES
    2304 12TH AVENUE N
    BIRMINGHAM,AL35234     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    HIGHER PURPOSE INC
    130 DESOTO AVENUE STE 10
    CLARKSDALE,MS38614     		NONE PUBLIC CHARITY GENERAL SUPPORT 50,000
    HIGHLANDER RESEARCH & EDUCATION CENTER
    1959 HIGHLANDER WAY
    NEW MARKET,TN37820     		NONE PUBLIC CHARITY GENERAL SUPPORT 77,500
    HISPANIC INTEREST COALITION OF ALABAMA
    117 SOUTH CREST DRIVE
    BIRMINGHAM,AL35209     		NONE PUBLIC CHARITY GENERAL SUPPORT 15,000
    INDIANAPOLIS MONUMENTAL MARATHON
    202 E MARKET STREET
    INDIANAPOLIS,IN46204     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    MAGIC MOMENTS INC
    2112 11TH AVENUE SOUTH STE 219
    BIRMINGHAM,AL35205     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    MARTHA'S TABLE
    2375 ELVANS ROAD SE
    WASHINGTON,DC20020     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    METRO WEST MINISTRIES
    6101 DR MARTIN LUTHER KING JR DRIVE
    FAIRFIELD,AL35064     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    MITCHELL'S PLACE
    4778 OVERTON ROAD
    BIRMINGHAM,AL35210     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    OASIS COUNSELING CENTER FOR WOMEN & CHILDREN
    1900 14TH AVENUE SOUTH
    BIRMINGHAM,AL35205     		NONE PUBLIC CHARITY GENERAL SUPPORT 30,000
    RESTOREHER US AMERICA FOR ALABAMA JUSTICE INITIATIVE
    PO BOX 14
    RED OAK,GA30272     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    REVERSE THE CYCLE OF INCARCERATION
    PO BOX 90338
    EAST POINT,GA30364     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    2829 2ND AVENUE SOUTH STE 282
    BIRMINGHAM,AL35233     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    SPRING VALLEY SCHOOL FOUNDATION
    2701 SYDNEY DRIVE
    BIRMINGHAM,AL35211     		NONE PUBLIC CHARITY GENERAL SUPPORT 45,100
    THE CENTER FOR VIOLENCE PREVENTION
    PO BOX 6279
    PEARL,MS39288     		NONE PUBLIC CHARITY GENERAL SUPPORT 30,000
    UNITED METHODIST CHILDRENS HOME
    3140 ZELDA ROAD
    MONTGOMERY,AL36106     		NONE PUBLIC CHARITY GENERAL SUPPORT 30,000
    UNITED WAY OF WEST CENTRAL MISSISSIPPI
    920 SOUTH STREET
    VICKSBURG,MS39180     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    WIREGRASS HABITAT FOR HUMANITY
    2086 MONTGOMERY HWY
    DOTHAN,AL36303     		NONE PUBLIC CHARITY GENERAL SUPPORT 12,500
    YMCA JUNIUS WARD JOHNSON MEMORIAL
    267 YMCA PLACE
    VICKSBURG,MS39180     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    YOUTH SERVE INC
    2717 7TH AVENUE SOUTH 105
    BIRMINGHAM,AL35233     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    YOUTH TOWERS INC
    601 19TH STREET NORTH
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY GENERAL SUPPORT 20,000
    YWCA OF CENTRAL ALABAMA
    309 23RD ST N
    BIRMINGHAM,AL35244     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    PACK HEALTH LLC
    110 12TH ST N
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY GENERAL SUPPORT 33,000
    ALABAMA CHILHOOD FOOD SOLUTIONS
    114 CANYON RIDGE ROAD
    SYLACAUGA,AL35151     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    ARTS BUSINESS COLLABORATIVE INC
    31-00 47TH AVE STE 3100
    LONG ISLAND CITY,NY11101     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    BUCKEYE ENVIRONMENTAL NETWORK
    PO BOX 824
    ATHENS,OH45701     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    DYNAMITE HILL SMITHFIELD COMMUNITY LAND FUND
    10 11TH CT N
    BIRMINGHAM,AL35204     		NONE PUBLIC CHARITY GENERAL SUPPORT 15,000
    HEARTS OF WHEELS
    616 RED LANE ROAD
    BIRMINGHAM,AL35215     		NONE PUBLIC CHARITY GENERAL SUPPORT 15,000
    HONOR THE EARTH
    PO BOX 63 607 MAIN AVE
    CALLAWAY,MN56521     		NONE PUBLIC CHARITY GENERAL SUPPORT 2,500
    LC & LILLIE COX HAVEN OF HOPE
    696 SAM RAMON VALLEY BLVD
    DANVILLE,CA94526     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    MAGIC CITY ACCEPTANCE CENTER
    3130 3RD AVE S
    BIRMINGHAM,AL35233     		NONE PUBLIC CHARITY GENERAL SUPPORT 250
    MCWANE SCIENCE CENTER
    200 19TH ST NORTH
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    PROJECT SOUTH ELIMINATION OF POVERTY
    9 GAMMON AVENUE SE
    ATLANTA,GA30315     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    SOUTHSIDE BAPTIST CHURCH
    1016 19TH ST S
    BIRMINGHAM,AL35205     		NONE PUBLIC CHARITY GENERAL SUPPORT 15,000
    ST LUKES EPICOPAL CHURCH
    3736 MONTROSE ROAD
    MOUNTAIN BROOK,AL35213     		NONE PUBLIC CHARITY GENERAL SUPPORT 15,000
    THE TENDER FOUNDATION
    448 RALPH DAVID ABERNATHY BLVD
    ATLANTA,GA30312     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    THE FOUNDRY MINISTRIES
    1804 6TH AVE N
    BESSEMER,AL35020     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    TRANSGENDER ADVOCATES KNOWLEDGE EMPOWERING
    1032 15TH ST NW
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY GENERAL SUPPORT 50,000
    UNITED SAINTS RECOVERY PROJECT
    2309 DRYADES ST
    NEW ORLEAMS,LA70113     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    Total .................................bullet 3a 1,103,350
    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 7,637  
    4 Dividends and interest from securities....     14 148,409  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 -383,080  
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 27,784  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,520,770  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFORTRESS SPECIAL OPPORTUNITIES ASP FUND     		  11,218      
    bFORAGER FUND LP   -1,387      
    cFOUR MILE COVE HOLDING LLC   -481,025      
    dGRAHAM COMMERCIAL PROPERTIES LLC   -1,217      
    e
    12 Subtotal. Add columns (b), (d), and (e).. -472,411 1,321,520 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    849,109
    (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:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 9,400 4,700   4,700

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS HELD - TD AMERITRADE 4,944,544 6,064,682
    INVESTMENTS HELD - VULCAN VALUE PARTNERS LLC 2,872,208 4,095,214
    INVESTMENTS HELD - RAYMOND JAMES 911,877 1,176,370

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN GRAHAM COMMERCIAL PROPERTIES LLC AT COST 11,491 0
    INVESTMENT IN INDEPENDENCE PLAZA PARTNERS AT COST 320,474 400,000
    INVESTMENT IN MAXEX LLC AT COST 250,000 250,000
    INVESTMENTS HELD - WELLS FARGO AT COST 1,028,944 1,028,733
    INVESTMENT IN BIRMINGHAM FINANCIAL CENTER LLC AT COST 132,462 350,000
    INVESTMENT IN SEER CAPITAL COMMERCIAL REAL ESTATE DEBT FD I AT COST 179,395 219,289
    INVESTMENT IN CRAYHILL PRINCIPAL STRATEGIES FD II AT COST 82,205 80,169
    INVESTMENT IN ARCH LAKEWOOD ON HENDERSON LP AT COST 168,919 300,000
    INVESTMENT IN STERLING SELF STORAGE FUND IV AT COST 82,947 230,538
    INVESTMENT IN STERLING REAL ESTATE FUND II LP AT COST 204,819 327,325
    INVESTMENT IN CARRIAGE PARC ASSOCIATES LLC AT COST 236,456 290,000
    INVESTMENT IN MONTICELLO INVESTOR LLC AT COST 244,788 350,000
    INVESTMENT IN CG LAKE MARY LLC AT COST 300,000 300,000
    INVESTMENT IN FORAGER FUND LP AT COST 510,696 510,696

    TY 2020 OtherExpensesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINSTRATIVE EXPENSES 37,128 18,564   18,564
    NET RENTAL LOSS 21,128 21,128   0
    NET RENTAL LOSS 5,389 5,389   0
    NET RENTAL LOSS 65,032 65,032   0
    NET RENTAL LOSS 1,173 1,173   0
    NET RENTAL LOSS 45,293 45,293   0
    NET RENTAL LOSS 80,201 80,201   0
    NET RENTAL LOSS 80,908 80,908   0
    NET RENTAL LOSS 22,457 22,457   0
    NET RENTAL LOSS 147,412 147,412   0
    NET RENTAL LOSS 3,235 3,235   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PORTFOLIO INCOME 383 383 383
    FROM PASSTHROUGH INVESTMENT K-1'S 27,401 27,401 27,401
    FORTRESS SPECIAL OPPORTUNITIES ASP FUND 11,218   11,218
    FORAGER FUND LP -1,387   -1,387
    FOUR MILE COVE HOLDING LLC -481,025   -481,025
    GRAHAM COMMERCIAL PROPERTIES LLC -1,217   -1,217


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFICIT CAPITAL FOUR MILE COVE LLC 473,212 954,781
    DEFICIT CAPITAL STERLING ELEVATION 3505 LLC 7,744 15,014
    DEFICIT CAPITAL STERLING SELF STORAGE III LP 0 37,111


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES & EXPENSE 212,954 212,954   0
    K-1 PORTFOLIO DEDUCTIONS 38,418 38,418   0


    TY 2020 TaxesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES RAYMOND JAMES 682 682   0
    FOREIGN TAXES TD AMERITRADE 1,463 1,463   0