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
MW ARMISTEAD III FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)204 SOUTH JEFFERSON STREET STE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ROANOKE, VA240111708
A Employer identification number

03-0435755
B Telephone number (see instructions)

(540) 343-1500
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$2,805,459J 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 9 9  
4 Dividends and interest from securities... 65,300 66,439  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 39,436
b Gross sales price for all assets on line 6a 323,594
7 Capital gain net income (from Part IV, line 2)... 39,436
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)....... Click to see attachment 896    
12 Total. Add lines 1 through 11........ 105,641 105,884  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 96 96 0 0
b Accounting fees (attach schedule)....... Click to see attachment 1,000 1,000 0 0
c Other professional fees (attach schedule).... Click to see attachment 23,007 23,007   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 397 397   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)....... Click to see attachment 25 25    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,525 24,525 0 0
25 Contributions, gifts, grants paid....... 128,500 128,500
26 Total expenses and disbursements. Add lines 24 and 25 153,025 24,525 0 128,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -47,384
b Net investment income (if negative, enter -0-) 81,359
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 78,525 94,173 94,173
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 389,057 Click to see attachment285,293 299,819
b Investments—corporate stock (attach schedule)....... 754,109 Click to see attachment749,586 1,543,662
c Investments—corporate bonds (attach schedule)....... 470,501 Click to see attachment526,792 564,991
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 129,153 Click to see attachment117,061 302,814
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) 1,821,345 1,772,905 2,805,459
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,821,345 1,772,905
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)..... 1,821,345 1,772,905
30 Total liabilities and net assets/fund balances (see instructions). 1,821,345 1,772,905
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
1,821,345
2
Enter amount from Part I, line 27a .....................
2
-47,384
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
96
4
Add lines 1, 2, and 3 ..........................
4
1,774,057
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,152
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,772,905
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 50000. INDUSTRY CALIF SALES TAX REV SALES TAX REV BDS TAXABLE 7.40% DT   2017-05-04 2020-01-01
b 100. MICROSOFT CORP   2004-01-13 2020-02-24
c 600. OCCIDENTAL PETROLEUM CORP   2004-01-13 2020-02-24
d 175. VANGUARD REAL ESTATE ETF   2012-10-15 2020-02-24
e 445. WEYERHAEUSER CO   2007-06-07 2020-02-24
500. SCHLUMBERGER LTD   2004-08-02 2020-03-16
675. WEYERHAEUSER CO   2006-07-25 2020-03-16
50. BOEING CO   2019-01-28 2020-03-23
25000. BOEING CO 2.80% DTD 02/15/2019 DUE 03/01/2024   2019-02-22 2020-03-24
600. EXXON MOBIL CORP   2005-08-26 2020-06-24
200. JOHNSON & JOHNSON   2005-08-26 2020-06-24
125. MICROSOFT CORP   2005-08-26 2020-06-24
350. APTIV PLC SHS   2018-03-12 2020-06-24
50000. VIRGINIA COLLEGE BLDG AUTH VA ED FAC BDS REV BDS SER TAXABLE 4.   2013-07-12 2020-09-01
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 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 50,188   51,548 -1,360
b 17,382   2,739 14,643
c 24,090   10,755 13,335
d 17,193   11,406 5,787
e 13,239   10,744 2,495
7,440   13,375 -5,935
12,524   14,504 -1,980
5,159   18,095 -12,936
20,019   24,899 -4,880
26,819   30,127 -3,308
27,758   12,450 15,308
24,608   3,414 21,194
26,057   30,102 -4,045
50,000   50,000  
      1,118
      1,118
      1,118
      1,118
      1,118
      1,118
      1,118
      1,118
      1,118
      1,118
      1,118
      1,118
      1,118
      1,118
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       -1,360
b       14,643
c       13,335
d       5,787
e       2,495
      -5,935
      -1,980
      -12,936
      -4,880
      -3,308
      15,308
      21,194
      -4,045
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 39,436
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 1,131
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 1,131
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 1,131
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 968
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.............. 7 968
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 9 163
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 taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTCV TRUST AND WEALTH MANAGEMENT Telephone no.bullet (540) 343-1500

    Located atbullet204 SOUTH JEFFERSON ST STE 200ROANOKEVA ZIP+4bullet240111708
    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
    BRAD E MULLINS TREASURER DIRECTOR
    1     		0    
    204 S JEFFERSON ST STE 200
    ROANOKE,VA240111708
    FLEDA A RING PRESIDENT DIRECTOR
    1     		0    
    204 S JEFFERSON ST STE 200
    ROANOKE,VA240111708
    BRANDON R COMER DIRECTOR
    1     		0    
    204 S JEFFERSON ST STE 200
    ROANOKE,VA240111708
    TCV TRUST AND WEALTH MAANAGEMENT TRUSTEE
    0     		0    
    204 S JEFFERSON ST STE 200
    ROANOKE,VA240111708
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,472,296
    b
    Average of monthly cash balances.......................
    1b
    149,940
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,622,236
    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
    2,622,236
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    39,334
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,582,902
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    129,145
    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
    129,145
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,131
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,131
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    128,014
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    128,014
    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
    128,014
    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
    128,500
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    128,500
    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
    128,500
    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 7 128,014
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 27,457
    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: bullet$ 128,500
    a Applied to 2019, but not more than line 2a 27,457
    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..... 101,043
    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 ..........     		26,971
    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)
    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
    APPLE RIDGE FARM
    541 LUCK AVE SW SUITE 304
    ROANOKE,VA24016     		NONE PC OPERATIONS 10,000
    ROANOKE AREA MINISTRIES
    310 N CENTER ST
    ROANOKE,VA24016     		NONE PC OPERATIONS 27,500
    VIRGINIA HUNTERS WHO CARE
    PO BOX 304
    BIG ISLAND,VA24526     		NONE PC OPERATIONS 1,500
    SCRUGGS VOLUNTEER FIRE DEPARTMENT
    185 PARFORD RD
    MONETA,VA24121     		NONE PC OPERATIONS 5,000
    RONALD MCDONALD HOUSE ROANOKE
    224 S JEFFERSON ST
    ROANOKE,VA24014     		NONE PC OPERATIONS 3,000
    ST FRANCIS OF ASSIST SERVICE DOG
    8232 ENON DRIVE
    ROANOKE,VA24019     		NONE PC OPERATIONS 7,500
    HABITAT FOR HUMANITY
    OF FRANKLIN COUNTY
    PO BOX 834
    ROCKY MOUNT,VA24151     		NONE PC OPERATIONS 3,000
    GOOD SAMARITAN HOSPICE INC
    3825 ELECTRIC ROAD SUITE A
    ROANOKE,VA24018     		NONE PC OPERATIONS 6,000
    BRADLEY FREE CLINIC
    1240 THIRD STREET SW
    ROANOKE,VA24016     		NONE PC PROJECT ACCESS PROGRAM 6,500
    MONETA RESCUE SQUAD
    12646 N OLD MONETA ROAD
    MONETA,VA24121     		NONE PC OPERATIONS 2,500
    BIG BROTHERS BIG SISTERS OF SW VA
    124 WELLS AVE NW
    ROANOKE,VA24016     		NONE PC OPERATIONS 2,500
    UNBRIDLED CHANGE
    PO BOX 157
    BOONES MILLS,VA24065     		NONE PC SUPPORT FOR 2,000
    BRAIN INJURY SERVICES OF SW VA
    3904 FRANKLIN ROAD SUITE B
    ROANOKE,VA24014     		NONE PC SUPPORT CASE MGMT FOR 3,000
    WARRIOR EXPEDITIONS
    6621 FAIRWAY VIEW TR
    ROANOKE,VA24018     		NONE PC OPERATIONS 3,000
    SMITH MTN LAKE MARINE VOLUNTEER
    FIRE/RESCUE
    PO BOX 899
    HARDY,VA24101     		NONE PC OPERATIONS 1,500
    LOA MEALS ON WHEELS
    706 CAMPBELL AVENUE SW
    ROANOKE,VA24016     		NONE PC OPERATIONS 3,500
    GOOD NEIGHBORS FUND
    PO BOX 1951
    ROANOKE,VA24008     		NONE PC OPERATIONS 3,500
    RANDOLPH MACON COLLEGE
    114 COLLEGE AVE
    ASHLAND,VA23005     		NONE PC CARE AND MAINTENACE OF 3,000
    ARCH
    404 ELM AVE
    ROANOKE,VA24016     		NONE PC OPERATIONS 7,500
    RENOVATION ALLIANCE
    530 8TH ST SW
    ROANOKE,VA24016     		NONE PC OPERATIONS 2,500
    SOUTHWEST VIRGINIA WILDLIFE CENTER
    5985 COLEMAN RD 5266
    ROANOKE,VA24018     		NONE PC FEED AND CARE OF ANIMALS 1,000
    FREE CLINIC OF FRANKLIN COUNTY
    1171 FRANKLIN ST
    ROCKY MOUNT,VA24151     		NONE PC CHARITABLE 12,000
    OAKLAND SCHOOL
    128 OAKLAND FARM WAY
    TROY,VA22974     		NONE PC SUPPORT FOR SUMMER CAMP 5,000
    FEEDING SOUTHWEST VIRGINIA
    1025 ELECTRIC RD
    SALEM,VA24153     		NONE PC PROVIDE FOOD ASSISTANCE 2,500
    NEW FREEDOM FARM
    6118 LITHIA ROAD
    BUCHANAN,VA24066     		NONE PC OPERATIONS 2,000
    SML GOOD NEIGHBORS
    10664 MONETA ROAD
    MONETA,VA24121     		NONE PC OPERATIONS 1,500
    Total .................................bullet 3a 128,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 9  
    4 Dividends and interest from securities....     14 65,300  
    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 39,436  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   105,641  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    105,641
    (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:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000 1,000    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    Name of Bond End of Year Book Value End of Year Fair Market Value
    APPLE INC SR NT 3.2% 25,935 27,874
    BANK OF AMERICA CORP FR 4.25% 26,296 29,324
    BLACKROCK INC SR GLBL 3.2% 73,309 84,599
    BOEING CO 2.8%    
    CINCINNATI CHILDRENS HOSP MED 23,938 26,959
    CUMMINS INC SR GLBL NT 3.65% 25,903 27,089
    DTE ELEC CO IM BD B 3.65% 25,145 27,225
    DOLLAR GEN CORP NEW SR 3.875% 25,921 28,957
    JOHNSON & JOHNSON SR GLBL 2.62 24,436 27,052
    MERCK & CO INC SR NT 24,738 26,512
    NOVARTIS CAPITAL CORP SR GLBL 49,894 51,387
    PRECISION CASTPARTS CORP 2.5% 19,636 20,778
    THE CHARLES SCHWAB CORP 3.25% 25,110 25,224
    SHELL INTERNATIONAL FIN BV SR 25,130 27,711
    CAPITAL ONE BK USA NATL ASSN 2 49,969 51,517
    JPMORGAN CHASE & CO SR NT 3.12 26,409 27,382
    GOLDMAN SACHS GROUP INC 3.50% 27,677 28,066
    VIRGINIA ELEC & PWR CO 3.10% 27,346 27,335

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APTIV PLC SHS    
    HOME DEPOT INC COM 25,569 53,124
    TJX COS INC NEW COM 32,229 58,047
    VF CORP COM 28,519 34,164
    PEPSICO INC COM 28,126 81,565
    PROCTER & GAMBLE CO COM 17,160 41,742
    CHEVRON CORP NEW COM 26,685 42,225
    EXXON MOBIL CORP COM    
    OCCIDENTAL PETE CORP COM    
    SCHLUMBERGER LTD COM    
    CHUBB LIMITED COM 30,719 34,632
    BLACKROCK INC COM 31,363 72,154
    JPMORGAN CHASE & CO COM 24,430 28,591
    PRICE T ROWE GROUP INC COM 20,673 45,417
    US BANCORP DEL COM NEW 30,440 46,590
    AMGEN INC COM 27,115 40,236
    BECTON DICKINSON & CO COM 9,335 37,533
    JOHNSON & JOHNSON COM 19,520 55,083
    MERCK & CO INC NEW COM 10,410 24,540
    NOVARTIS AG SPONSORED ADR 30,197 33,051
    BOEING CO COM    
    CSX CORP COM 9,924 36,300
    FASTENAL CO COM 23,920 31,740
    WASTE MANAGEMENT INC COM 7,497 29,483
    APPLE INC COM 18,180 66,345
    AUTOMATIC DATA PROCESSING INC 19,258 39,645
    BROADCOM INC COM 27,970 54,731
    CISCO SYS INC COM 23,985 38,038
    INTEL CORP COM 20,183 46,084
    MICROSOFT CORP COM 18,136 150,134
    MICROCHIP TECHNOLOGY INC COM 17,382 58,697
    VISA INC COM CL A 26,362 54,683
    IRON MTN INC NEW COM 22,849 21,373
    WEYERHAEUSER CO COM    
    DISNEY WALT CO COM 16,494 58,884
    STARBUCKS 25,510 37,443
    ABBOTT LABORATORIES 30,604 38,322
    MASCO CORP 26,342 30,212
    NORTHROP GRUMMAN CORP 22,500 22,854

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    285,293
    State & Local Government Securities - End of Year Fair Market Value:


    299,819


    TY 2020 InvestmentsOtherSchedule2
    Name:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES RUSSELL MID-CAP ETF - AT COST 32,127 102,825
    ISHARES RUSSELL 2000 ETF- 500 AT COST 34,576 98,030
    SELECT SECTOR SPDR TR MATLS - AT COST 11,346 28,956
    SELECT SECTOR SPDR TR UTILS - AT COST 6,480 15,675
    VANGUARD REAL ESTATE ETF - 850 AT COST 32,532 57,328

    TY 2020 LegalFeesSchedule
    Name:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - INCOME (ALLOCABLE 96 96    


    TY 2020 OtherDecreasesSchedule
    Name:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    Description Amount
    2021 DIVIDEND THROWBACKS TO 2020 2
    2019 RETURN OF CAPITAL 1,146
    ROUNDING 4


    TY 2020 OtherExpensesSchedule
    Name:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSE-INCOME 25 25   0


    TY 2020 OtherIncomeSchedule2
    Name:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER REVENUE 896 0  


    TY 2020 OtherIncreasesSchedule
    Name:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    Description Amount
    2020 DIVIDEND THROWBACKS TO 2019 96


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 23,007 23,007    


    TY 2020 TaxesSchedule
    Name:
    MW ARMISTEAD III FAMILY FOUNDATION
    EIN:
    03-0435755
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 397 397   0