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
JERRY AND JUDY KENT FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)13351 BUCKLAND HALL ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST LOUIS, MO63131
A Employer identification number

37-6612795
B Telephone number (see instructions)

(314) 719-1527
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$25,720,199J 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 152,328 152,328  
4 Dividends and interest from securities... 338,473 329,763  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 211,371
b Gross sales price for all assets on line 6a 3,911,876
7 Capital gain net income (from Part IV, line 2)... 211,371
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).......      
12 Total. Add lines 1 through 11........ 702,172 693,462  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,310 2,155   2,155
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 16,924 10,724   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 76,582 76,582   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 97,816 89,461   2,155
25 Contributions, gifts, grants paid....... 1,050,000 1,050,000
26 Total expenses and disbursements. Add lines 24 and 25 1,147,816 89,461   1,052,155
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -445,644
b Net investment income (if negative, enter -0-) 604,001
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 967,815 1,089,766 1,089,766
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 564,752 0 0
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).......... 14,919,840 Click to see attachment14,889,501 24,589,420
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment40,442 Click to see attachment41,013 Click to see attachment41,013
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,492,849 16,020,280 25,720,199
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 16,492,849 16,020,280
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 16,492,849 16,020,280
30 Total liabilities and net assets/fund balances (see instructions). 16,492,849 16,020,280
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
16,492,849
2
Enter amount from Part I, line 27a .....................
2
-445,644
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
16,047,205
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
26,925
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
16,020,280
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 CHARLES SCHWAB #1860      
b CHARLES SCHWAB #1860      
c CHARLES SCHWAB #7058      
d CHARLES SCHWAB #7058      
e CHARLES SCHWAB #7058      
(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 47,928   58,384 -10,456
b 1,935,293   1,793,782 141,511
c 494,995   494,995 0
d 645,999   618,998 27,001
e 787,661   734,346 53,315
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       -10,456
b       141,511
c       0
d       27,001
e       53,315
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 2 211,371
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 8,396
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 8,396
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 8,396
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 7,090
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 22,590
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 14,194
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet14,194 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    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)
    bulletMO
    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 ofbulletJERALD KENT Telephone no.bullet (314) 719-1527

    Located atbullet13351 BUCKLAND HALL ROADST LOUISMO ZIP+4bullet63131
    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
    JERALD L KENT TRUSTEE
    1.00     		0 0 0
    13351 BUCKLAND HALL ROAD
    ST LOUIS,MO63131
    JUDITH L KENT TRUSTEE
    1.00     		0 0 0
    13351 BUCKLAND HALL ROAD
    ST LOUIS,MO63131
    MATTHEW T KENT TRUSTEE
    1.00     		0 0 0
    13351 BUCKLAND HALL ROAD
    ST LOUIS,MO63131
    RACHEL P KENT TRUSTEE
    1.00     		0 0 0
    13351 BUCKLAND HALL ROAD
    ST LOUIS,MO63131
    ANA HERNANDEZ KENT TRUSTEE
    1.00     		0 0 0
    13351 BUCKLAND HALL ROAD
    ST LOUIS,MO63131
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    21,945,818
    b
    Average of monthly cash balances.......................
    1b
    934,187
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    22,880,005
    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
    22,880,005
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    343,200
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    22,536,805
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,126,840
    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
    1,126,840
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    8,396
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,396
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,118,444
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,118,444
    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
    1,118,444
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,052,155
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,052,155
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,052,155
    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 1,118,444
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 964,350
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,052,155
    a Applied to 2019, but not more than line 2a 964,350
    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..... 87,805
    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 ..........     		1,030,639
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    JERALD L KENT
    JUDITH L KENT
    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
    ARCH GRANTS
    911 WASHINGTON AVENUE UNIT 140
    ST LOUIS,MO63101     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 100,000
    BREAKDOWN ST LOUIS
    16105 SWINGLEY ROAD 165
    CHESTERFIELD,MO63006     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 5,000
    CARDINAL GLENNON CHILDREN'S FOUNDATION
    3800 PARK AVENUE
    ST LOUIS,MO63110     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 50,000
    GREAT CIRCLE
    330 NORTH GORE
    ST LOUIS,MO63119     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 35,000
    CATHOLIC CHARITIES
    4445 LINDELL BLVD
    ST LOUIS,MO63108     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 80,000
    DUO DOGS
    10955 LINPAGE PLACE
    ST LOUIS,MO63132     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 5,000
    FATHERS & FAMILIES SUPPORT CENTER
    4411 N NEWSTEAD AVENUE
    ST LOUIS,MO63115     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 5,000
    EASTER SEALS MIDWEST
    11933 WESTLINE INDUSTRIAL DRIVE
    ST LOUIS,MO63146     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 50,000
    DREAM BUILDERS 4EQUITY
    4220 DUNCAN AVE
    ST LOUIS,MO63110     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 155,000
    BALLETS DE SAN JUAN
    1402-1418 AVENIDA DE LA CONSTITUCIO
    SAN JUAN,PR00909     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 5,000
    UNIVERSITY OF NOTRE DAME
    1100 GRACE HALL
    NOTRE DAME,IN46556     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 10,000
    RONALD MCDONALD HOUSE
    3450 PARK AVENUE
    ST LOUIS,MO63104     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 5,000
    ST LOUIS AREA FOODBANK
    70 CORPORATE WOODS DRIVE
    BRIDGETON,MO63044     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 75,000
    LEUKEMIA & LYMPHOMA SOCIETY
    3 INTERNATIONAL DR
    RYE BROOK,NY10573     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 5,000
    ST LOUIS PRIORY SCHOOL
    500 S MASON DRIVE
    ST LOUIS,MO63141     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 5,000
    ST LOUIS ZOO ASSOCIATION
    GOVERNMENT DRIVE
    ST LOUIS,MO63110     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 150,000
    ST LOUIS AQUARIUM
    201 S 18TH STREET
    ST LOUIS,MO63103     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 50,000
    BERGEN FAMILY CENTER
    44 ARMORY ST
    ENGLEWOOD,NJ07631     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 5,000
    THE CHESS CLUB & SCHOLASTIC CTR OF STL
    4657 MARYLAND AVENUE
    ST LOUIS,MO63108     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 15,000
    THE MAGIC HOUSE
    516 S KIRKWOOD ROAD
    ST LOUIS,MO63122     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 150,000
    THE MIGHTY OAKES HEART FOUNDATION
    PO BOX 440323
    ST LOUIS,MO63144     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 5,000
    WOUNDED WARRIOR PROJECT
    4899 BELFORT ROAD STE 300
    JACKSONVILLE,FL32256     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 5,000
    WATER MISSION
    PO BOX 71489
    NORTH CHARLESTON,SC29415     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 50,000
    WHITFIELD SCHOOL
    175 S MASON ROAD
    CREVE COEUR,MO63141     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 25,000
    YOU GOTTA BELIEVE
    3114 MERMAID AVE
    BROOKLYN,NY11224     		  PC FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION 5,000
    Total .................................bullet 3a 1,050,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 152,328  
    4 Dividends and interest from securities....     14 338,473  
    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 ............     		    18 211,371  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 702,172 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    702,172
    (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:
    JERRY AND JUDY KENT FAMILY FOUNDATION
    EIN:
    37-6612795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,310 2,155   2,155

    TY 2020 InvestmentsOtherSchedule2
    Name:
    JERRY AND JUDY KENT FAMILY FOUNDATION
    EIN:
    37-6612795
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES CORE S&P SMALL AT COST 2,731,024 4,430,981
    SPDR S&P 500 ETF AT COST 3,584,669 9,705,074
    VANGUARD FTSE ALL WORLD AT COST 3,005,086 4,144,715
    VANGUARD FTSE EMERGING AT COST 469,842 693,520
    VGRD FTSE ALL WRLD EX US AT COST 469,016 618,823
    US TREASURY AT COST 113,730 113,437
    US TREASURY AT COST 60,093 63,705
    US TREASURY AT COST 124,209 167,801
    US TREASURY AT COST 161,891 198,656
    US TREASURY AT COST 64,609 61,659
    US TREASURY AT COST 106,390 104,512
    ACCRUED INTEREST AT COST 0 26,650
    UNITEDHEALTH GROU 4.7%21 AT COST 10,259 10,026
    TELEFONICA EMI5.462% AT COST 5,254 5,031
    GENERAL MOTORS FI AT COST 25,383 25,070
    WELLS FARGO & CO AT COST 32,178 30,284
    CAPITAL ONE FINL AT COST 10,010 10,068
    CAPITAL ONE FINL AT COST 37,328 35,798
    RYDER SYSTEM, IN AT COST 10,011 10,237
    MORGAN STANLEY AT COST 5,893 15,291
    THE GOLDMAN SACH AT COST 48,373 47,540
    SUNOCO LOGISTICS AT COST 5,127 5,213
    RYDER SYSTEM, INC AT COST 15,160 15,385
    AMERICAN EXPRESS AT COST 10,008 10,262
    THE INTERPUBLIC GRO AT COST 5,211 5,190
    BP CAPITAL MAR3.245% AT COST 5,094 5,194
    WELLS FARGO & C AT COST 14,498 15,524
    VIRGINIA ELECTRI 3.45%22 AT COST 19,921 20,821
    NUCOR CORP AT COST 42,412 42,122
    ABBVIE INC. 2.9%22 AT COST 25,380 26,137
    ROPER TECHNOLOG AT COST 25,461 26,113
    CANADIAN NATURA2.95% AT COST 39,648 41,800
    SUNOCO LOGISTICS AT COST 22,946 26,063
    MORGAN STANLEY AT COST 9,805 10,554
    DIGITAL REALTY T 2.75%23 AT COST 29,626 31,315
    CANADIAN PACIFI4.45% AT COST 10,911 10,762
    RELX CAPITAL INC. 3.5%23 AT COST 5,013 5,321
    CONSTELLATION BR AT COST 10,732 10,890
    CAPITAL ONE FINL AT COST 10,380 10,699
    NORSK HYDRO ASA7.75% AT COST 30,131 28,969
    LYB INTERNTNL FIN 4% AT COST 20,805 21,699
    NUCOR CORP 4%23 AT COST 5,117 5,404
    SOUTHERN CO GAS AT COST 14,447 15,732
    AMERIPRISE FINL, IN 4%23 AT COST 31,948 32,998
    THERMO FISHER SC AT COST 10,495 11,056
    NTNL RURAL UTILI 2.95%24 AT COST 25,197 26,747
    BP CAPITAL MKT3.814% AT COST 15,816 16,461
    COLLINS AEROSPACE AT COST 14,788 16,152
    DPH HOLDINGS COR AT COST 10,378 10,984
    AT&T INC. 4.45%24 AT COST 31,440 33,488
    THE INTERPUBLIC G AT COST 21,358 22,217
    TOYOTA MOTOR CRED AT COST 4,934 5,375
    MARTIN MARIETTA AT COST 20,528 22,286
    BP CAPITAL MKT3.535% AT COST 5,269 5,544
    CONSTELLATION BR AT COST 16,330 17,208
    EASTERN ENERGY GA AT COST 25,974 27,659
    CANADIAN PACIFIC2.9% AT COST 9,458 10,800
    GILEAD SCIENCES, AT COST 5,095 5,524
    VENTAS REALTY, LI 3.5%25 AT COST 14,730 16,502
    LINCOLN NTNL COR AT COST 10,464 11,000
    CHUBB INA HOLDIN AT COST 10,163 11,038
    BNSF, LLC 3%25 AT COST 10,211 10,941
    NEXTERA ENERGY, AT COST 10,157 10,895
    EQUINOR ASA 2.875% 25F AT COST 15,039 16,343
    AMGEN INC. AT COST 24,951 27,432
    NEXTERA ENERGY C AT COST 15,053 16,219
    VODAFONE GROUP4.125% AT COST 9,986 11,423
    FISERV, INC. 3.85%25 AT COST 10,525 11,289
    RIO TINTO FIN (3.75% 25F AT COST 4,910 5,647
    JPMORGAN CHASE & AT COST 5,405 5,641
    BANK OF AMERICA AT COST 20,977 22,821
    THE COCA-COLA C AT COST 25,773 27,724
    CONSTELLATION BR AT COST 5,425 5,918
    SUNOCO LOGISTICS AT COST 5,678 5,863
    ANALOG DEVICES, I AT COST 10,838 11,402
    ROPER TECHNOLOGI AT COST 10,458 11,290
    APTIV PLC 4.25% 26F AT COST 10,698 11,539
    ANHEUSER-BUSCH I AT COST 25,731 28,273
    TCI COMMUNICATI AT COST 13,236 13,411
    WESTROCK CO 4.65%26 AT COST 33,729 35,299
    WELLS FARGO & CO AT COST 25,855 27,512
    SOUTHERN CO GAS AT COST 4,786 5,577
    FISERV, INC. 3.2%26 AT COST 5,230 5,600
    HEALTHCARE TRUST 3.5%26 AT COST 15,530 16,970
    BUNGE LIMITED FI 3.25%26 AT COST 31,593 33,324
    NVIDIA CORP 3.2%26 AT COST 19,665 22,597
    THERMO FISHER SC AT COST 20,107 22,269
    CITIGROUP INC AT COST 36,291 39,016
    BRISTOL-MYERS SQU AT COST 25,509 26,231
    PRINCIPAL FINL GR 3.1%26 AT COST 5,463 5,573
    SOUTHWEST AIRLINES AT COST 14,829 15,994
    ABBOTT LABORATOR AT COST 9,059 10,526
    ANALOG DEVICES, I AT COST 16,089 17,033
    LINCOLN NTNL CO AT COST 15,379 17,154
    AT&T INC. 4.25%27 AT COST 5,624 5,844
    LYB INTERNTNL FI3.5% 27F AT COST 9,963 11,149
    COLLINS AEROSPACE AT COST 15,842 16,802
    COMCAST CORP 3.3%27 AT COST 11,293 11,345
    AIR PRODUCTS AND AT COST 26,211 27,529
    CANADIAN NATURA3.85% AT COST 10,279 11,213
    MARTIN MARIETTA AT COST 5,156 5,579
    EATON CORP PLC AT COST 5,237 5,584
    BANK OF AMERICA AT COST 5,201 5,594
    ANTHEM, INC. 3.65%27 AT COST 5,098 5,761
    MARTIN MARIETTA M AT COST 5,654 5,671
    KINDER MORGAN, IN AT COST 5,800 5,856
    CVS HEALTH CORP AT COST 17,033 20,220
    PRUDENTIAL FINL AT COST 9,858 11,833
    JPMORGAN CHASE & VAR AT COST 10,754 11,341
    TC ENERGY CORP 4.25% AT COST 29,837 35,243
    ENERGY TRANSFER AT COST 5,004 5,775
    OGE ENERGY CORP. AT COST 11,555 11,581
    ROPER TECHNOLOGIE AT COST 11,662 11,896
    VERIZON COMMUNI AT COST 23,520 24,016
    ABBVIE INC. 4.25%28 AT COST 16,335 17,962
    BP CAPITAL MKT3.723% AT COST 10,532 11,575
    BANK OF AMERICA C VAR AT COST 32,297 33,845
    PFIZER INC. 3.45%29 AT COST 10,716 11,657
    FISERV, INC. AT COST 10,502 11,412
    CATERPILLAR INC. 2.6%29 AT COST 20,016 22,041
    MORGAN STANLEY VAR 30 AT COST 11,952 12,162
    CANADIAN PACIFI2.05% AT COST 10,074 10,481
    ECOLAB INC. 4.8%30 AT COST 21,154 22,942
    THERMO FISHER S AT COST 6,074 6,200
    COMCAST CORP 3.4%30 AT COST 5,681 5,746
    TOYOTA MOTOR CR AT COST 25,725 29,245
    BP CAPITAL MARK AT COST 10,067 11,620
    EQUINOR ASA 3.125% 30F AT COST 4,994 5,650
    SHELL INTERNTNL2.75% AT COST 6,980 7,698
    CATERPILLAR INC. 2.6%30 AT COST 5,013 5,505
    COSTCO WHOLESALE 1.6%30 AT COST 19,980 20,462
    JPMORGAN CHASE & AT COST 27,410 28,823
    NUTRIEN LTD. AT COST 26,368 28,666
    ANTHEM, INC. AT COST 20,219 21,089
    MOHAWK INDUSTRI AT COST 10,054 11,164
    RELX CAPITAL INC. 3%30 AT COST 15,773 16,668
    NUCOR CORP 2.7%30 AT COST 5,063 5,491
    DEUTSCHE TELEKO8.75% AT COST 21,669 23,680
    E. I. DU PONT DE 2.3%30 AT COST 19,140 20,162
    TARGET CORP AT COST 23,741 25,795
    BT GROUP PLC 9.625% AT COST 22,794 24,814
    KINDER MORGAN, INC. AT COST 4,974 5,050
    ORANGE S.A. 9% 31F AT COST 22,439 24,538
    BROWN & BROWN, 2.375%31 AT COST 5,051 5,200
    NTNL RURAL UTILI 1.35%31 AT COST 9,990 9,873
    JOHNSON & JOHNS AT COST 5,669 6,601
    FEDEX CORP 4.9%34 AT COST 5,436 6,460
    VERIZON COMMUNICA AT COST 19,212 24,962
    MEDTRONIC PLC AT COST 8,564 10,755
    FEDEX PASS THRU AT COST 20,430 20,414
    MICROSOFT CORP AT COST 16,216 19,698
    ANHEUSER-BUSCH CO AT COST 10,515 12,655
    BERKSHIRE HATHA AT COST 31,469 36,827
    LOCKHEED MARTIN C AT COST 11,255 13,128
    TELEFONICA EMI7.045% AT COST 12,291 14,964
    AVANGRID, INC. 6.75%36 AT COST 12,718 15,314
    VODAFONE GROUP 6.15% AT COST 11,204 14,382
    VALERO ENERGY C AT COST 10,964 13,237
    XTO ENERGY INC. 6.75%37 AT COST 6,855 7,302
    AMERICA MOVIL,6.125% AT COST 11,753 14,289
    COMCAST CORP 3.9%38 AT COST 10,745 12,161
    SHELL INTERNTN6.375% AT COST 12,613 15,457
    CONOCOPHILLIPS AT COST 10,959 15,277
    DUKE ENERGY CORP AT COST 23,953 28,228
    CSX CORP 6.22%40 AT COST 12,083 15,087
    PRUDENTIAL FINL AT COST 14,370 15,447
    ORACLE CORP 5.375%40 AT COST 11,901 14,273
    EQUINOR ASA 5.1% 40F AT COST 5,892 7,025
    AT&T INC. 5.35%40 AT COST 10,431 13,028
    THE HOME DEPOT, I AT COST 19,036 21,837
    DEVON ENERGY CORP AT COST 3,994 6,069
    INTERNTNL PAPER CO AT COST 11,694 14,404
    UNITEDHEALTH GR AT COST 10,140 13,568
    COMCAST CORP AT COST 5,659 6,746
    LOCKHEED MARTIN AT COST 5,879 6,447
    VIRGINIA ELECTRI 4.65%43 AT COST 11,295 13,413
    ENTERPRISE PRODU AT COST 9,436 12,312
    GILEAD SCIENCES, 4.8%44 AT COST 5,515 6,586
    ATMOS ENERGY CO AT COST 5,292 6,279
    APPLE INC. AT COST 17,526 21,519
    NORTHROP GRUMMAN 4.03%47 AT COST 10,510 12,513
    INTEL CORP 3.734%47 AT COST 15,960 16,770
    FNMA PL AH3431 3.5%26 AT COST 18,006 18,065
    FHLMC G18452 2.5%27 AT COST 14,701 15,004
    FHLMC G16164 2.5%30 AT COST 11,574 11,954
    FNMA PL 254949 5%33 AT COST 13,598 14,135
    FNMA PL BQ0162 2%35 AT COST 40,016 40,141
    FNMA PL 735580 5%35 AT COST 22,349 23,047
    FHLMC G05535 4.5%39 AT COST 27,257 28,022
    FHLMC A96380 4%41 AT COST 84,378 86,313
    FNMA PL AB2172 4%41 AT COST 8,969 9,360
    FNMA PL MA0639 4%41 AT COST 8,243 8,585
    FHLMC C09029 AT COST 38,494 40,239
    GNMA PL MA1157M 3.5%43 AT COST 95,599 99,300
    FHLMC G08540 3%43 AT COST 10,060 10,962
    FHLMC G08544 3%43 AT COST 16,901 17,366
    FHLMC G08648 3%45 AT COST 84,350 87,742
    FHLMC G08653 3%45 AT COST 17,069 17,669
    FNMA PL AS6520 3.5%46 AT COST 18,424 19,379
    FNMA PL AS7112 3.5%46 AT COST 9,793 9,895
    GNMA PL MA3662M AT COST 27,522 29,824
    GNMA PL MA3663M AT COST 14,512 14,902
    FHLMC G08710 3%46 AT COST 55,455 59,229
    FNMA PL AS7343 3%46 AT COST 18,080 18,794
    FNMA PL MA2705 3%46 AT COST 13,281 14,826
    FNMA PL AS8573 3.5%46 AT COST 19,123 19,766
    FNMA PL MA2956 3%47 AT COST 19,837 22,232
    FNMA PL MA3088 4%47 AT COST 19,769 20,340
    FNMA PL MA3120 3.5%47 AT COST 67,501 70,115
    FNMA PL MA3121 4%47 AT COST 23,006 23,868
    GNMA PL MA4837M AT COST 25,801 27,580
    FNMA PL MA3210 3.5%47 AT COST 21,761 23,306
    FHLMC SD0232 3%50 AT COST 104,047 104,601
    FNMA PL CA6074 2.5%50 AT COST 24,733 24,879
    FHLMC RA2970 2.5%50 AT COST 50,046 50,643
    FNMA PL BQ0309 2.5%50 AT COST 49,104 49,513
    FNMA PL MA4100 2%50 AT COST 44,961 45,474
    FNMA PL MA4158 2%50 AT COST 35,758 35,879
    FNMA PL BQ4169 2%50 AT COST 51,832 51,866
    FNMA PL BR1155 AT COST 46,717 46,879
    WELLS FARGO COM 3.001%45 AT COST 40,681 41,231
    DEUTSCHE MORTGA 3.612%46 AT COST 10,555 10,564
    DEUTSCHE MORTGA 4.046%46 AT COST 59,832 59,817
    RBS COMMERCIAL 4.023%46 AT COST 36,995 37,982
    WELLS FARGO BAN 3.678%47 AT COST 30,296 32,819
    UBS COMMERCIAL 3.091%49 AT COST 37,830 38,228
    WELLS FARGO COM 3.767%58 AT COST 16,282 16,771

    TY 2020 OtherAssetsSchedule
    Name:
    JERRY AND JUDY KENT FAMILY FOUNDATION
    EIN:
    37-6612795
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE 40,442 41,013 41,013


    TY 2020 OtherDecreasesSchedule
    Name:
    JERRY AND JUDY KENT FAMILY FOUNDATION
    EIN:
    37-6612795
    Description Amount
    BASIS ADJUSTMENT 26,925


    TY 2020 OtherExpensesSchedule
    Name:
    JERRY AND JUDY KENT FAMILY FOUNDATION
    EIN:
    37-6612795
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 76,582 76,582   0


    TY 2020 TaxesSchedule
    Name:
    JERRY AND JUDY KENT FAMILY FOUNDATION
    EIN:
    37-6612795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 6,200 0   0
    FOREIGN TAXES 10,724 10,724   0