TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 07-01-2020 , and ending 06-30-2021

Name of foundation
NUNNALLY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

23-7083249

B Telephone number (see instructions)

(888) 730-4933

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$3,155,708J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	60,083		60,083
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		78,840
b	Gross sales price for all assets on line 6a 184,862
7	Capital gain net income (from Part IV, line 2)...			78,840
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		138	138
12	Total. Add lines 1 through 11........	139,061		139,061
13	Compensation of officers, directors, trustees, etc.	23,032		17,274		5,758
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		879	0	0	879
c	Other professional fees (attach schedule)....		4,387			4,387
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		3,284	876		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		86	86
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	31,668		18,236	0	11,024
25	Contributions, gifts, grants paid.......	100,000				100,000
26	Total expenses and disbursements. Add lines 24 and 25	131,668		18,236	0	111,024
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	7,393
b	Net investment income (if negative, enter -0-)			120,825
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	46	139	139
	2	Savings and temporary cash investments.........	101,712	65,628	65,628
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......		392,875	790,583
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,100,734	1,751,479	2,299,358
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,202,492	2,210,121	3,155,708
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	2,202,492	2,210,121
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	2,202,492	2,210,121
	30	Total liabilities and net assets/fund balances (see instructions).	2,202,492	2,210,121

Part III

Analysis of Changes in Net Assets or Fund Balances

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

2,202,492

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

7,393

Other increases not included in line 2 (itemize) bullet

236

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

2,210,121

Decreases not included in line 2 (itemize) bullet

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

2,210,121

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	3197. ISHARES GOLD TRUST ETF		2020-01-02	2020-07-31
b	3197. ISHARES GOLD TRUST ETF		2020-01-02	2020-08-31
c	75. APPLE INC		2013-04-10	2020-09-23
d	50. COGNIZANT TECH SOLUTIONS CRP COM			2020-09-23
e	100. HAIN CELESTIAL GROUP INC		2019-06-24	2020-09-23
	3197. ISHARES GOLD TRUST ETF		2020-01-02	2020-09-30
	3197. ISHARES GOLD TRUST ETF		2020-01-02	2020-10-31
	3197. ISHARES GOLD TRUST ETF		2020-01-02	2020-11-30
	3197. ISHARES GOLD TRUST ETF		2020-01-02	2020-12-31
	1155.287 DODGE & COX INT'L STOCK FD #1048		2010-05-13	2021-03-02
	549. VANGUARD FTSE DEVELOPED ETF		2016-12-22	2021-03-02
	445. AT & T INC			2021-04-23
	40. APPLE INC		2013-04-10	2021-04-23
	35. CME GROUP INC		2012-09-21	2021-04-23
	50. GILEAD SCIENCES INC			2021-04-23
	5. LAM RESEARCH CORP COM		2018-08-03	2021-04-23
	95. SPIRIT AEROSYTSEMS HOLD-CL A			2021-04-23
	40. SYSCO CORP		2020-04-21	2021-04-23
	25. UNITED PARCEL SERVICE-CL B			2021-04-23
	560. FLEXTRONICS INTL LTD			2021-04-23
	.5 ISHARES GOLD TRUST ETF		2020-03-20	2021-06-07
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	11	9	2
b	13	10	3
c	8,099	1,165	6,934
d	3,371	3,493	-122
e	3,350	2,093	1,257
	12	9	3
	12	10	2
	12	10	2
	12	9	3
	53,883	35,721	18,162
	26,901	20,000	6,901
	13,990	14,717	-727
	5,398	621	4,777
	7,264	2,034	5,230
	3,259	3,298	-39
	3,137	934	2,203
	4,376	7,629	-3,253
	3,313	1,984	1,329
	4,484	2,772	1,712
	10,285	9,490	795
	18	14	4
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662
			33,662

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			3
c			6,934
d			-122
e			1,257
			3
			2
			2
			3
			18,162
			6,901
			-727
			4,777
			5,230
			-39
			2,203
			-3,253
			1,329
			1,712
			795
			4

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	78,840
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	1,679
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	1,679
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	1,679
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	2,572
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,572
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	893
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax893	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(888) 730-4933

Located at bullet

100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4 bullet

27101

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2020.)..................

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WELLS FARGO BANK N A	TRUSTEE 1	23,032
100 N MAIN ST MAC D4001-117 WINSTON SALEM,NC27101	TRUSTEE 1	23,032

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

2,816,778

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

130,703

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

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

2,947,481

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

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

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

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

2,947,481

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

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

44,212

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

2,903,269

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

145,163

Part XI

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

and do not complete this part.)

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

145,163

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

1,679

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

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

1,679

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

143,484

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

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

143,484

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

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

143,484

Part XII

Qualifying Distributions (see instructions)

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

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

111,024

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

111,024

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

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

111,024

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					143,484
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				55,183
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	0
e From 2019......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 111,024
a Applied to 2019, but not more than line 2a				55,183
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.....					55,841
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 ..........					87,643
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

Form 990-PF (2020)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

NONE

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.

NONE

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BLUE SKY FUND PO BOX 8108 RICHMOND,VA23223	NONE	PC	GENERAL OPERATING	25,000
SPORTABLE RICHMOND ADAPTIVE SPORTS & REC 1365 OVERBROOK ROAD ROOM 2 RICHMOND,VA232201418	NONE	PC	GENERAL OPERATING	10,000
UP RVA 4609 WYTHE AVE RICHMOND,VA23226	NONE	PC	GENERAL OPERATING	25,000
GOOCHLANDCARES INC 2999 RIVER ROAD W GOOCHLAND,VA23063	NONE	PC	GENERAL OPERATING	25,000
RICHMOND PERFORMING ARTS ALLIANCE 600 E GRACE ST SUITE 400 RICHMOND,VA23219	NONE	PC	GENERAL OPERATING	15,000
Total ................................. 3a				100,000

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	60,083
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	78,840
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			1	138
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				139,061

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

139,061

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

NUNNALLY FOUNDATION

EIN:

23-7083249

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	879			879

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

NUNNALLY FOUNDATION

EIN:

23-7083249

Name of Stock	End of Year Book Value	End of Year Fair Market Value
871829107 SYSCO CORP	8,213	11,274
192446102 COGNIZANT TECH SOLUT	9,651	11,082
532457108 ELI LILLY & CO COM	4,703	16,066
25243Q205 DIAGEO PLC - ADR	9,649	16,294
11135F101 BROADCOM INC	12,164	19,074
H2906T109 GARMIN LTD	7,390	10,848
891160509 TORONTO DOMINION BK	11,936	15,761
172967424 CITIGROUP INC.	12,586	19,810
460690100 INTERPUBLIC GROUP CO	11,912	12,996
883556102 THERMO FISHER SCIENT	1,692	12,612
031162100 AMGEN INC	6,089	6,094
904767704 UNILEVER PLC - ADR	8,074	7,898
512807108 LAM RESEARCH CORP CO	4,484	15,617
G29183103 EATON CORP PLC	13,635	14,077
09247X101 BLACKROCK INC	6,189	17,499
92826C839 VISA INC-CLASS A SHR	8,030	11,691
58933Y105 MERCK & CO INC NEW	5,936	9,332
150870103 CELANESE CORP	5,233	15,160
654106103 NIKE INC CL B	9,525	19,311
09857L108 BOOKING HOLDINGS INC	5,414	8,752
91324P102 UNITEDHEALTH GROUP I	2,836	26,029
46625H100 JPMORGAN CHASE & CO	8,518	27,997
30303M102 FACEBOOK INC	7,528	8,693
405217100 HAIN CELESTIAL GROUP	4,187	8,024
594918104 MICROSOFT CORP	5,520	60,682
87612E106 TARGET CORP	7,150	19,339
G5960L103 MEDTRONIC PLC	8,150	9,930
609207105 MONDELEZ INTERNATION	9,415	13,425
517834107 LAS VEGAS SANDS CORP	13,877	12,119
02079K305 ALPHABET INC CL A	2,942	19,534
02079K107 ALPHABET INC CL C	9,219	37,595
Y2573F102 FLEX LTD	4,182	7,595
907818108 UNION PACIFIC CORP	3,753	15,395
H84989104 TE CONNECTIVITY LTD	5,723	11,493
68622V106 ORGANON & CO	297	363
89151E109 TOTAL S.A. - ADR	13,624	11,994
09260D107 BLACKSTONE GROUP INC	8,874	15,057
94106L109 WASTE MANAGEMENT INC	8,612	11,909
56501R106 MANULIFE FINANCIAL C	14,117	16,548
418056107 HASBRO INC	7,790	7,562
867224107 SUNCOR ENERGY INC NE	9,868	8,869
17275R102 CISCO SYSTEMS INC	4,131	15,900
31620M106 FIDELITY NATL INFORM	9,803	10,625
285512109 ELECTRONIC ARTS INC	8,153	12,226
037833100 APPLE INC	4,388	54,373
254687106 WALT DISNEY CO	4,299	15,819
911312106 UNITED PARCEL SERVIC	8,109	17,262
097023105 BOEING CO	4,321	8,385
126650100 CVS HEALTH CORPORATI	11,207	14,185
75513E101 RAYTHEON TECHNOLOGIE	13,081	13,650
00287Y109 ABBVIE INC	6,696	6,758

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

NUNNALLY FOUNDATION

EIN:

23-7083249

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
H84989104 TE CONNECTIVITY LTD
609207105 MONDELEZ INTERNATION
126650100 CVS HEALTH CORPORATI
25243Q205 DIAGEO PLC - ADR
91324P102 UNITEDHEALTH GROUP I
867224107 SUNCOR ENERGY INC NE
87234N765 TCW EMRG MKTS INCM-I
00206R102 AT & T INC
52106N459 LAZARD GL LIST INFRA	AT COST	92,500	95,229
254687106 WALT DISNEY CO
594918104 MICROSOFT CORP
654106103 NIKE INC CL B
BIT990000 BLACKSTONE REAL ESTA	AT COST	107,500	123,231
09247X101 BLACKROCK INC
256206103 DODGE & COX INTL STO
02079K107 ALPHABET INC CL C
693391559 PIMCO EMERG MKTS BD-	AT COST	17,173	21,954
803431410 JAMES ALPHA GL REAL
921937827 VANGUARD SHORT TERM	AT COST	152,032	155,775
921937819 VANGUARD INTERMEDIAT	AT COST	139,106	147,984
192446102 COGNIZANT TECH SOLUT
375558103 GILEAD SCIENCES INC
89151E109 TOTAL S.A. - ADR
77954Q403 T ROWE PRICE BLUE CH	AT COST	12,729	74,178
517834107 LAS VEGAS SANDS CORP
883556102 THERMO FISHER SCIENT
405217100 HAIN CELESTIAL GROUP
55273H353 MFS VALUE FUND-R6 48	AT COST	35,659	73,321
921943858 VANGUARD FTSE DEVELO
17275R102 CISCO SYSTEMS INC
256210105 DODGE & COX INCOME F	AT COST	135,000	141,058
285512109 ELECTRONIC ARTS INC
512807108 LAM RESEARCH CORP CO
464287507 ISHARES CORE S&P MID	AT COST	10,044	13,168
779547405 T ROWE PRICE EQUITY	AT COST	12,897	19,085
848574109 SPIRIT AEROSYTSEMS H
77957P402 T ROWE PR SHRT-TRM B	AT COST	96,894	97,880
172967424 CITIGROUP INC.
Y2573F102 FLEX LTD
037833100 APPLE INC
097023105 BOEING CO
000843201 ACAP STRATEGIC FUND-	AT COST	87,500	135,448
46625H100 JPMORGAN CHASE & CO
464287879 ISHARES S&P SMALL-CA	AT COST	31,520	56,932
779572502 T. ROWE PR SM-CAP ST	AT COST	48,000	97,743
77958B402 T ROWE PRICE INST FL	AT COST	90,610	89,921
31620M106 FIDELITY NATL INFORM
12572Q105 CME GROUP INC
891160509 TORONTO DOMINION BK
907818108 UNION PACIFIC CORP
56501R106 MANULIFE FINANCIAL C
464287606 ISHARES S&P MID-CAP	AT COST	94,436	167,363
00143W859 INV OPP DEVELOP MRKT	AT COST	49,411	92,585
02079K305 ALPHABET INC CL A
532457108 ELI LILLY & CO COM
911312106 UNITED PARCEL SERVIC
58933Y105 MERCK & CO INC NEW
150870103 CELANESE CORP
464287804 ISHARES CORE S&P SMA	AT COST	20,010	25,082
464287887 ISHARES S&P SMALL-CA	AT COST	7,633	14,589
31641Q755 FIDELITY NEW MRKTS I	AT COST	100,000	91,970
46647B404 JPMORGAN MID CAP VAL	AT COST	39,937	81,992
464285105 ISHARES GOLD TRUST E
09260D107 BLACKSTONE GROUP INC
09857L108 BOOKING HOLDINGS INC
904784709 UNILEVER N.V. - ADR
922031760 VANGUARD HIGH YIELD	AT COST	62,059	63,006
94106L109 WASTE MANAGEMENT INC
871829107 SYSCO CORP
75513E101 RAYTHEON TECHNOLOGIE
92826C839 VISA INC-CLASS A SHR
87612E106 TARGET CORP
02508H311 AMER CENT SM CAP GRW	AT COST	23,300	46,167
11135F101 BROADCOM INC
411512528 HARBOR CAPITAL APPRE	AT COST	28,680	104,255
H2906T109 GARMIN LTD
G5960L103 MEDTRONIC PLC
470258823 JAMES ALPHA GL REAL	AT COST	106,135	109,785
89154Q562 TOUCHSTONE SANDS EM	AT COST	80,000	80,696
872365713 TCW EMRG MRKTS INC-P	AT COST	25,000	25,092
464285204 ISHARES GOLD TRUST E	AT COST	45,714	53,869

- TIN:

TY 2020 OtherExpensesSchedule

Name:

NUNNALLY FOUNDATION

EIN:

23-7083249

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT EXPENSES - ADR FEES	14	14		0
INVESTMENT EXPENSES - PROCEEDS	72	72		0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

NUNNALLY FOUNDATION

EIN:

23-7083249

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	138	138

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

NUNNALLY FOUNDATION

EIN:

23-7083249

Description	Amount
MUTUAL FUND TIMING ADJ	182
COST BASIS ADJUSTMENT	54

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

NUNNALLY FOUNDATION

EIN:

23-7083249

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GRANT ADMIN FEE	4,387			4,387

- TIN:

TY 2020 TaxesSchedule

Name:

NUNNALLY FOUNDATION

EIN:

23-7083249

Category	Amount	Net Investment Income
FOREIGN TAXES	692	692
FEDERAL ESTIMATES - PRINCIPAL	2,408	0
FOREIGN TAXES ON QUALIFIED FOR	23	23
FOREIGN TAXES ON NONQUALIFIED	161	161