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
Ayers Foundation
 
% THE ORGANIZATION
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 756
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Parsons, TN38363
A Employer identification number

62-1773033
B Telephone number (see instructions)

(731) 847-4962
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$8,387,137J 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) 11,483,747
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,056 2,056 2,056
4 Dividends and interest from securities... 2,184 2,184 2,184
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 5,600 5,600  
12 Total. Add lines 1 through 11........ 11,493,587 9,840 4,240
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 1,522,976     1,522,976
15 Pension plans, employee benefits....... 251,989     251,989
16a Legal fees (attach schedule)......... Click to see attachment 75,036 0 0 75,036
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 279,935     279,935
17 Interest............... 13,905     13,905
18 Taxes (attach schedule) (see instructions)... Click to see attachment 119,553     119,553
19 Depreciation (attach schedule) and depletion... Click to see attachment 186,366    
20 Occupancy.............. 11,490     11,490
21 Travel, conferences, and meetings....... 116     116
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 475,841 425 425 475,416
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,937,207 425 425 2,750,416
25 Contributions, gifts, grants paid....... 5,054,086 5,054,086
26 Total expenses and disbursements. Add lines 24 and 25 7,991,293 425 425 7,804,502
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,502,294
b Net investment income (if negative, enter -0-) 9,415
c Adjusted net income (if negative, enter -0-)... 3,815
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......... 1,567,539 1,789,896 1,789,896
3 Accounts receivable bullet26,002
Less: allowance for doubtful accounts bullet   59,157 26,002 26,002
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable................. 97,177 272,922 272,922
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet6,507,228
Less: accumulated depreciation (attach schedule) bullet208,911 5,896,426 6,298,317 6,298,317
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,620,299 8,387,137 8,387,137
Liabilities 17 Accounts payable and accrued expenses.......... 83,395 0
18 Grants payable................. 97,177 86,244
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 2,500,000 0
22 Other liabilities (describe bullet) 141,130 0
23 Total liabilities (add lines 17 through 22)......... 2,821,702 86,244
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 4,798,597 8,300,893
29 Total net assets or fund balances (see instructions)..... 4,798,597 8,300,893
30 Total liabilities and net assets/fund balances (see instructions). 7,620,299 8,387,137
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
4,798,597
2
Enter amount from Part I, line 27a .....................
2
3,502,294
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
8,300,891
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,300,891
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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  
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................................ 1 131
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  
3 Add lines 1 and 2........................... 3 131
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 131
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 936
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 936
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 805
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet805 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMO, TN
    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
    Yes
     
    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 addressbullettheayersfoundation.org
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (731) 847-4962

    Located atbulletPO BOX 756PARSONSTN ZIP+4bullet38363
    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
     
    No
    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
    JAMES W AYERS CHAIRMAN
    5.0     		0 0 0
    PO Box 756
    PO Box 217
    Parsons,TN38363
    JON AYERS DIRECTOR
    3.0     		0 0 0
    PO Box 756
    PO Box 217
    Parsons,TN38363
    AGENIA CLARK SECRETARY
    1.0     		0 0 0
    PO Box 756
    PO Box 217
    Parsons,TN38363
    JANET AYERS PRESIDENT
    15.0     		0 0 0
    PO Box 756
    PO Box 217
    Parsons,TN38363
    JOANN LYNN DIRECTOR
    1.0     		0 0 0
    PO Box 756
    PO Box 217
    Parsons,TN38363
    KRISTY AYERS DIRECTOR
    1.0     		0 0 0
    PO Box 756
    PO Box 217
    Parsons,TN38363
    LIN HOWARD ANDREWS DIRECTOR
    1.0     		0 0 0
    PO Box 756
    PO Box 217
    Parsons,TN38363
    LEE ANN INGRAM DIRECTOR
    1.0     		0 0 0
    PO Box 756
    PO Box 217
    Parsons,TN38363
    CASSIE LYNN FOOTE DIRECTOR
    1.0     		0 0 0
    PO Box 756
    PO Box 217
    Parsons,TN38363
    DR MICHAEL PRICE VICE PRESIDENT
    5.0     		0 0 0
    PO Box 756
    Parsons,TN38363
    SUSAN JOHNSON RHODES EXECUTIVE DIRECTOR
    40.0     		0 0 0
    PO Box 756
    Parsons,TN38363
    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
    SUSAN JOHNSON RHODES EXECUTIVE DIRECTOR
    40.0     		218,982    
    PO BOX 756
    PARSONS,TN38363
    MICHAEL B MEADOWS DIRECTOR POST-SECOND
    41.0     		120,220    
    PO BOX 756
    PARSON,TN38363
    MARY LAUREN GARNER COUNSELOR/DIRECTOR
    43.0     		99,823    
    PO BOX 756
    PARSONS,TN38363
    BELINDA H REED DIRECTOR OF OUTREACH
    45.0     		91,602    
    PO BOX 756
    PARSONS,TN38363
    MATTHEW GORDON IT CORDINATOR
    40.0     		78,519    
    PO BOX 756
    PARSONS,TN38363
    Total number of other employees paid over $50,000...................bullet  
    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
    HOLTON & MAYBERRY PC LEGAL 64,193
    3801 BEDFORD AVENUE SUITE 200
    NASHVILLE,TN37215
    P3 CONSULTING LLC CONSULTING 60,000
    830 CRESCENT CENTER DR BLDG 6 STE
    FRANKLIN,TN37067
    TRISTAR STRATEGIES LLC CONSULTING 60,000
    1454 N DICKERSON CHAPEL
    LEBANON,TN38087
    CHERRY BEKAERT LLP ACCOUNTING 181,103
    222 SECOND AVE S STE 1240
    NASHVILLE,TN37201
    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 AYERS FOUNDATION SCHOLAR PROGRAM 2,038,818
    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 N/A  
    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
    376,422
    b
    Average of monthly cash balances.......................
    1b
    2,067,073
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,443,495
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,443,495
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    36,652
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,406,843
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    120,342
    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
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    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
    7,804,502
    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
    7,804,502
    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
    7,804,502
    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  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
    2020-01-06
    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
    3,815 91,079 173,872 425,277 694,043
    b 85% of line 2a ......... 3,243 77,417 147,791 361,485 589,936
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		7,804,502 3,708,016 5,553,216 4,348,239 21,413,973
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		5,054,086 658,170 4,235,656 3,372,617 13,320,529
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		2,750,416 3,049,846 1,317,560 975,622 8,093,444
    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)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		120,342 155,772 371,956 465,061 1,113,131
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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).)
    JAMES W AYERS
    JANET E AYERS
    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
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JANET AYERS
    643 TENNESSEE AVE
    PARSONS,TN38363
    (731) 847-4962
    bThe form in which applications should be submitted and information and materials they should include:
    NO SPECIFIC FORM IS REQUIRED.
    cAny submission deadlines:
    APPLICATIONS ARE ACCEPTED AT ANY TIME.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    DONATIONS ARE PRIMARILY, BUT NOT EXCLUSIVELY LIMITED TO ORGANIZATIONS LOCATED IN DAVIDSON, DECATUR, HENDERSON, LAWRENCE, PERRY, AND UNICOI COUNTIES IN THE STATE OF TENNESSEE.
    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
    BOY SCOUTS OF AMERICA
    1995 Hollywood Drive
    Jackson,TN38305     		  PC GENERAL/OPERATING 50,000
    JONESBOROUGH UNITED METHODIST CHURCH
    PO Box 115
    Jonesborough,TN37659     		  PC GENERAL/OPERATING 25,000
    AMERICAN HEART ASSOCIATION
    1818 Patterson Street
    Nashville,TN37203     		  PC GENERAL/OPERATING 5,000
    HOMEWORK HOTLINE
    4805 Park Avenue
    Nashville,TN37209     		  PC GENERAL/OPERATING 500
    KIWANIS CLUB OF ERWIN
    PO Box 207
    Erwin,TN37650     		  PC CHARITABLE PURPOSES 1,000
    SECOND HARVEST FOOD
    331 Great Circle Road
    Nashville,TN37228     		  PC GENERAL/OPERATING 32,511
    CHEEKWOOD
    PO BOX 50438
    Nashville,TN37205     		  PC GENERAL/OPERATING 18,333
    TENNESSEE CHILDREN'S HOME DONATION
    1310 FRANKLIN ROAD
    BRENTWOOD,TN37027     		  PC GENERAL/OPERATING 500
    CENTERSTONE FOUNDATION
    1101 SIXTH AVENUE NORTH
    NASHVILLE,TN37208     		  PC GENERAL/OPERATING 110,000
    HEALING ARTS PROJECT INC - PHOENIX ART GALLERY
    PO BOX 23584
    NASHVILLE,TN37202     		  PC GENERAL/OPERATING 1,400
    COMMUNITY FOUNDATION OF MIDDLE TENNESSEE
    383 CLEGHORN AVE STE 400
    NASHVILLE,TN37215     		  PC GENERAL/OPERATING 1,800,000
    CENTENNIAL PARK CONSERVANCY
    PO BOX 196340
    NASHVILLE,TN37219     		  PC GENERAL/OPERATING 2,500
    FIFTY FORWARD
    174 RAINS AVENUE
    NASHVILLE,TN37203     		  PC GENERAL/OPERATING 10,000
    FOUNDATION FOR THE COLLEGE SYSTEM OF TENNESSEE
    1 BRIDGESTONE PARK
    NASHVILLE,TN37214     		  PC GENERAL/OPERATING 17,600
    UNITED WAY - TOCQUEVILLE SOCIETY
    250 VENTURE CIRLCE
    NASHVILLE,TN37228     		  PC GENERAL/OPERATING 25,000
    VANDERBILT UNIVERSITY MEDICAL CENTER
    3322 WEST END AVENUE SUITE 900
    NASHVILLE,TN37203     		  PC GENERAL/OPERATING 250,000
    BALLAD HEALTH FOUNDATION
    1019 WEST OAKLAND AVE SUITE 2
    JOHNSON CITY,TN37604     		  PC GENERAL/OPERATING 100,000
    BELMONT UNIVERSITY
    1900 BELMONT BOULEVARD
    NASHVILLE,TN37212     		  PC GENERAL/OPERATING 1,500,000
    EAST TENNESSEE STATE UNIVERSITY
    PO BOX 70721
    JOHNSON CITY,TN37614     		  PC GENERAL/OPERATING 200,000
    FIRST BAPTIST CHURCH PASRSONS
    210 TENNESSEE AVENUE SOUTH
    PARSONS,TN38363     		  PC GENERAL/OPERATING 25,000
    FREED-HARDEMAN UNIVERSITY
    222 SECOND AVENUE SOUTH SUITE 1240
    NASHVILLE,TN37201     		  PC GENERAL/OPERATING 25,000
    GIRL SCOUTS OF MIDDLE TENNESSEE
    4522 GRANNY WHITE PIKE
    NASHVILLE,TN37204     		  PC GENERAL/OPERATING 50,000
    LANE COLLEGE
    545 LANE AVENUE
    JACKSON,TN38301     		  PC GENERAL/OPERATING 25,000
    LIPSCOMB UNIVERSITY
    1 UNIVERSITY PARK DRIVE
    NASHVILLE,TN37204     		  PC GENERAL/OPERATING 177,092
    NASHVILLE SYMPHONY
    1 SYMPHONY PLACE
    NASHVILLE,TN37201     		  PC GENERAL/OPERATING 15,000
    SMALL MIRACLES THERAPEUTIC EQUESTRIAN CENTER INC
    1026 ROCK SPRINGS DRIVE
    KINGSPORT,TN37664     		  PC GENERAL/OPERATING 12,000
    TENNESSEE STATE COLLABORATIVE ON REFORMING EDUCATI
    222 SECOND AVENUE SOUTH STE 1240
    NASHVILLE,TN37201     		  PC GENERAL/OPERATING 110,000
    TN WILDLIFE RESOURCES FOUNDATION
    5000 LINBAR DR STE 275
    NASHVILLE,TN37211     		  PC GENERAL/OPERATING 12,500
    UNITED WAY OF UNICOI COUNTY
    222 SECOND AVENUE SOUTH SUITE 1240
    NASHVILLE,TN37201     		  PC GENERAL/OPERATING 20,000
    DECATUR CO SHEPHERD FUND INC
    PO BOX 262
    PARSONS,TN38363     		  PC GENERAL/OPERATING 3,000
    JAZZ ST LOUIS - HAROLD & DOROTHY STEWARD CENTER
    3536 WASHINGTON AVE
    ST LOUIS,MO63103     		  PC GENERAL/OPERATING 2,500
    THE JOSHUA CHAMBERLAIN SOCIETY
    101 CREEKSIDE CROSSING
    SUITE 1700-324
    BRENTWOOD,TN37027     		  PC GENERAL/OPERATING 5,000
    MAKE-A-WISH FOUNDATION OF THE MID-SOUTH INC
    1780 MORIAH WOODS BLVD
    SUITE 10
    MEMPHIS,TN38117     		  PC GENERAL/OPERATING 4,000
    CLINTON UNITED METHODIST CHURCH
    601 S 4TH STREET
    CLINTON,MO64735     		  PC GENERAL/OPERATING 2,500
    AMERICAN FRIENDS MUSEE D'ORSAY
    PO BOX 4233
    NEW YORK,NY10163     		  PC GENERAL/OPERATING 10,000
    ANDREW JACKSON FOUNDATION
    4580 RACHELS LN
    HERMITAGE,TN37076     		  PC GENERAL/OPERATING 25,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    8701 LEEDS ROAD
    KANSAS CITY,MO64129     		  PC GENERAL/OPERATING 3,000
    HERMITAGE FOUNDATION
    4580 RACHELS LN
    HERMITAGE,TN37076     		  PC GENERAL/OPERATING 100,000
    LIPSCOMB UNIVERSITY - LEADERSHIP TN
    ONE UNIVERSITY PARK DRIVE
    NASHVILLE,TN37204     		  PC GENERAL/OPERATING 10,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		  PC GENERAL/OPERATING 50,000
    UNION UNIVERSITY
    1050 UNION UNIVERSITY DRIVE
    JACKSON,TN38305     		  PC GENERAL/OPERATING 9,500
    UNITED WAY OF WEST TENNESSEE
    470 N PARKWAY
    JACKSON,TN38305     		  PC GENERAL/OPERATING 3,000
    BOY SCOUTS OF AMERICA WEST TENNESSEE AREA COUNCIL
    1995 HOLLYWOOD DR
    JACKSON,TN38305     		  PC GENERAL/OPERATING 5,000
    TENNESSEE STATE MUSEUM
    1000 ROSA L PARKS BLVD
    NASHVILLE,TN37208     		  PC GENERAL/OPERATING 200,000
    ANGEL EMMS INC
    135 GAVIN LANE
    PARSONS,TN38363     		  PC GENERAL/OPERATING 150
    WEST TN HEALTHCARE FOUNDATION - HEAVEN'S CRADLE
    74 DIRECTORS ROW
    JACKSON,TN38305     		  PC GENERAL/OPERATING 500
    Total .................................bullet 3a 5,054,086
    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 2,056  
    4 Dividends and interest from securities....     14 2,184  
    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    
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS REVENUE     		    01 5,600  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   9,840  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    9,840
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    Ayers Foundation
     
    Employer identification number

    62-1773033
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    Ayers Foundation
          		Employer identification number
    62-1773033
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ROOTED ALLIANCE INC
    401 NORTH MICHIGAN AVENUE SUITE 31
     
    CHICAGO, IL60611

    		$ 750,640


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    TENNESSEE HIGHER EDUCATION COMMISSI
    404 JAMES ROBERTSON PARKWAY SUITE
     
    NASHVILLE, TN37243

    		$ 196,429


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    TENNESSEE DEPARTMENT OF EDUCATION
    710 James Robertson Parkway
     
    NASHVILLE, TN37243

    		$ 186,678


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    NATIONAL PHILANTHROPIC TRUST - JP
    165 Township Line Road Suite 1200
     
    Jenkintown, PA19046

    		$ 10,350,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    Ayers Foundation
          		Employer identification number

    62-1773033
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    Ayers Foundation
          		Employer identification number

    62-1773033
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    Ayers Foundation
    EIN:
    62-1773033
    Category Amount
    NONE  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    Ayers Foundation
    EIN:
    62-1773033
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 LegalFeesSchedule
    Name:
    Ayers Foundation
    EIN:
    62-1773033
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 75,036     75,036


    TY 2020 OtherExpensesSchedule
    Name:
    Ayers Foundation
    EIN:
    62-1773033
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELEPHONE 28,312     28,312
    INSURANCE 38,445     38,445
    TRAINING 1,665     1,665
    CHARITABLE PROGRAMS 19,927     19,927
    WEBSITE DESIGN 1,028     1,028
    POSTAGE & DELIVERY 1,576     1,576
    BANQUET EXPENSES 15,163     15,163
    OFFICE SUPPLIES 28,440     28,440
    MARKETING & PUBLIC RELATIONS 4,792     4,792
    COLLEGE FAIRS 83     83
    COLLEGE & TEST FEES 6,820     6,820
    TN STATE FILING FEES 20     20
    INVESTMENT FEES 275 275 275  
    BANK FEES 150 150 150  
    COMPUTER EXPENSE 45,662     45,662
    FURNITURE 11,038     11,038
    UTILITIES 18,672     18,672
    SCHOOL VISIT TRAVEL 30,005     30,005
    MISCELLANEOUS 45,660     45,660
    REPAIRS & MAINTENANCE 129,583     129,583
    OPERATING COSTS 48,525     48,525


    TY 2020 OtherIncomeSchedule2
    Name:
    Ayers Foundation
    EIN:
    62-1773033
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    UNRESTRICTED REVENUE 5,600 5,600  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Ayers Foundation
    EIN:
    62-1773033
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 115,927     115,927
    CONSULTING FEES 164,008     164,008


    TY 2020 TaxesSchedule
    Name:
    Ayers Foundation
    EIN:
    62-1773033
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 119,553     119,553