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
ROBERT S & GRAYCE B KERR FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 54917
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OKLAHOMA CITY, OK73154
A Employer identification number

73-1256123
B Telephone number (see instructions)

(307) 733-8829
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$35,966,321J 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 538 538  
4 Dividends and interest from securities... 289,720 289,720  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 575,231
b Gross sales price for all assets on line 6a 2,169,162
7 Capital gain net income (from Part IV, line 2)... 575,231
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 -1,036 191 0
12 Total. Add lines 1 through 11........ 864,453 865,680 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 202,046 0 0 202,046
14 Other employee salaries and wages...... 83,567 25,960 0 57,607
15 Pension plans, employee benefits....... 27,655 8,591 0 19,064
16a Legal fees (attach schedule)......... Click to see attachment 4,598 1,184 0 3,414
b Accounting fees (attach schedule)....... Click to see attachment 7,555 2,647 0 4,908
c Other professional fees (attach schedule).... Click to see attachment 76,359 76,359 0 0
17 Interest............... 3 3 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,579 1,435 0 11,144
19 Depreciation (attach schedule) and depletion... Click to see attachment 860 0 0
20 Occupancy.............. 16,301 0 0 16,301
21 Travel, conferences, and meetings....... 9 0 0 9
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 21,195 9,499 0 11,696
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 462,727 125,678 0 326,189
25 Contributions, gifts, grants paid....... 1,448,600 1,448,600
26 Total expenses and disbursements. Add lines 24 and 25 1,911,327 125,678 0 1,774,789
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,046,874
b Net investment income (if negative, enter -0-) 740,002
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 100 100 100
2 Savings and temporary cash investments......... 420,337 502,261 502,261
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) 814,876 Click to see attachment797,389 841,387
b Investments—corporate stock (attach schedule)....... 6,191,528 Click to see attachment5,923,521 14,620,429
c Investments—corporate bonds (attach schedule)....... 756,115 Click to see attachment757,983 846,311
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,523,926 Click to see attachment9,127,774 17,928,000
14 Land, buildings, and equipment: basis bullet29,114
Less: accumulated depreciation (attach schedule) bullet26,164 339 Click to see attachment2,950 2,950
15 Other assets (describe bullet) Click to see attachment1,187,139 Click to see attachment1,224,883 Click to see attachment1,224,883
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,894,360 18,336,861 35,966,321
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 3,025,574 3,025,574
28 Retained earnings, accumulated income, endowment, or other funds 15,868,786 15,311,287
29 Total net assets or fund balances (see instructions)..... 18,894,360 18,336,861
30 Total liabilities and net assets/fund balances (see instructions). 18,894,360 18,336,861
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
18,894,360
2
Enter amount from Part I, line 27a .....................
2
-1,046,874
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
492,525
4
Add lines 1, 2, and 3 ..........................
4
18,340,011
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,150
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
18,336,861
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 PUBLICLY TRADED SECURITIES - US BANK      
b PUBLICLY TRADED SECURITIES - US BANK      
c PUBLICLY TRADED SECURITIES - SCHWAB      
d CAPITAL GAINS DIVIDENDS P    
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 129,418   129,861 -443
b 1,100,325   930,806 169,519
c 921,371   533,264 388,107
d 18,048     18,048
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       -443
b       169,519
c       388,107
d       18,048
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 2 575,231
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 10,286
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 10,286
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 10,286
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 8,193
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 16,693
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 26
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 6,381
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet6,381 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)
    bulletOK
    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 ofbulletSHERYL SMITH Telephone no.bullet (307) 733-8829

    Located atbulletPO BOX 54917OKLAHOMA CITYOK ZIP+4bullet73154
    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
     
    No
    ........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
    JOARTHUR G KERR DIRECTOR
    1.00     		0 0 0
    PO BOX 54917
    OKLAHOMA CITY,OK73154
    WILLIAM G KERR CHAIRMAN
    5.00     		0 0 0
    PO BOX 54917
    OKLAHOMA CITY,OK73154
    MARA KERR SECRETARY/ TREASURER
    30.00     		50,000 5,000 21,690
    PO BOX 54917
    OKLAHOMA CITY,OK73154
    KAVAR KERR PRESIDENT
    30.00     		75,000 7,500 26,189
    PO BOX 54917
    OKLAHOMA CITY,OK73154
    GRAYCEN MASHBURN VICE CHAIRMAN
    10.00     		16,667 1,667 0
    PO BOX 54917
    OKLAHOMA CITY,OK73154
    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
    14,587,445
    b
    Average of monthly cash balances.......................
    1b
    475,273
    c
    Fair market value of all other assets (see instructions)................
    1c
    18,573,469
    d
    Total (add lines 1a, b, and c).........................
    1d
    33,636,187
    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
    33,636,187
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    504,543
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    33,131,644
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,656,582
    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
    1,656,582
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    10,286
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,286
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,646,296
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,646,296
    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
    1,646,296
    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
    1,774,789
    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
    1,774,789
    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
    1,774,789
    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 1,646,296
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    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...... 27,445
    d From 2018...... 12,031
    e From 2019......  
    fTotal of lines 3a through e........ 39,476
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,774,789
    a Applied to 2019, but not more than line 2a 0
    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..... 1,646,296
    e Remaining amount distributed out of corpus 128,493
    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 5 167,969
    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 ..........     		0
    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 ......     		167,969
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 27,445
    c Excess from 2018.... 12,031
    d Excess from 2019....  
    e Excess from 2020.... 128,493
    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).)
    WILLIAM G KERR
    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
    INTEGRIS FOUNDATION
    3030 NW EXPRESSWAY 1600
    OKLAHOMA CITY,OK73112     		NONE PC ARCADIA TRAILS CENTER FOR ADDICTION RECOVERY 25,000
    NATL COWBOY & WES HERITAGE MUSEUM
    1700 NE 63
    OKLAHOMA CITY,OK73111     		NONE PC EXHIBIT GRANT-TUCKER SMITH CELEBRATION OF NATURE 40,000
    WORLD CENTRAL KITCHEN
    655 NEW YORK AVE NW 6TH FL
    WASHINGTON DC,DC20001     		NONE PC GRANT TO HELP FEED HOMELESS PEOPLE 6,500
    SMITHSONIAN AMERICAN ART MUSEUM
    PO BOX 98096
    WASHINGTON DC,DC200779804     		NONE PC ONE WY TEACHER'S ATTENDANCE AT SUMMER TEACHER INSTITUTE 1,500
    SMITHSONIAN AMERICAN ART MUSEUM
    PO BOX 98096
    WASHINGTON DC,DC200779805     		NONE PC GEO. GURNEY FELLOWSHIP ENDOWMENT 12,500
    SMITHSONIAN AMERICAN ART MUSEUM
    PO BOX 98096
    WASHINGTON DC,DC200779806     		NONE PC UNRESTRICTED CONTRIBUTION 1,000
    OKLAHOMA CONTEMPORARY
    11 NW 11TH ST
    OKLAHOMA CITY,OK73103     		NONE PC GR TO SUPPORT CONTEMPORARY ART AND PROGRAMS-PD ON CC 2,500
    OKLAHOMA UNIVERSITY FOUNDATION
    100 TIMBERDELL ROAD
    NORMAN,OK73019     		NONE PC ATHLETIC DEPARTMENT GENERAL CAPITAL FUND 5,000
    OKLAHOMA UNIVERSITY FOUNDATION
    100 TIMBERDELL ROAD
    NORMAN,OK73019     		NONE PC CM RUSSELL CENTER, GRADUATE ASSISTANT GRANT 17,500
    NATIONAL MUSEUM OF WILDLIFE ART
    PO BOX 6825
    JACKSON HOLE,WY83022     		NONE PC RUNGIUS SOCIETY MEMBERSHIP 5,000
    NATIONAL MUSEUM OF WILDLIFE ART
    PO BOX 6825
    JACKSON HOLE,WY83022     		NONE PC GRANT FOR CARL RUNGIUS CATALOGUE RAISONNE (9 YEAR PLEDGE) 280,000
    NATIONAL MUSEUM OF WILDLIFE ART
    PO BOX 6825
    JACKSON HOLE,WY83022     		NONE PC LILLIAN GEMAR EDUCATION INTERNSHIP PLEDGE 16,100
    NATIONAL MUSEUM OF WILDLIFE ART
    PO BOX 6825
    JACKSON HOLE,WY83022     		NONE PC KAVAR KERR- COLLECTOR'S CIRCLE MEMBERSHIP 8,000
    NATIONAL MUSEUM OF WILDLIFE ART
    PO BOX 6825
    JACKSON HOLE,WY83022     		NONE PC WESTERN VISIONS ART SHOW SPONSORSHIP 5,000
    NATIONAL MUSEUM OF WILDLIFE ART
    PO BOX 6825
    JACKSON HOLE,WY83022     		NONE PC FINE ART OBJECTS 905,000
    DRESS FOR SUCCESS
    1215 N WESTERN
    OKALHOMA CITY,OK73106     		NONE PC GRANT TO HELP REBUILD CHARITY AFTER FIRE BURNED EVERYTHING 5,000
    SPUR KITCHEN FOUNDATION
    3100 CARLTON WAY
    OKLAHOMA CITY,OK73120     		NONE PC MONEY SUPPORTED LOCAL RESTAURANTS TO FEED FRONT LINE WORKERS DURING COVID 1,000
    SIDWELL FRIENDS SCHOOL
    PO BOX 5037
    WHITE PLAINS,NY10602     		NONE PC SUPERVIA ENDOWED CHAIR FOR SPANISH & LATIN AMER STUDIES 15,000
    BLOWING ROCK CHARITY HORSE SHOW FDN
    PO BOX 650
    BLOWING ROCK,NC28605     		NONE PC SUPPORT THE ANNUAL BLOWING ROCK CHARITY HORSE SHOW 4,000
    KENTUCKY HORSE PARK FOUNDATION
    4075 IRON WORKS PARKWAY
    LEXINGTON,KY40511     		NONE PC SUPPORT THE MAN O'WAR SOCIETY AT KENTUCKY HORSE PK FDN 2,500
    COMMUNITY FOUNDATION OF JACKSON HOLE
    PO BOX 574
    JACKSON,WY83001     		NONE PC OLD BILL'S FUN RUN-SUPPORTS MULTIPLE CHARITIES IN JACKSON, WY 32,000
    AMERICAN INDIAN CULTURAL CENTER FOUNDATION
    659 AMERICAN INDIAN BLVD
    OKLAHOMA CITY,OK73129     		NONE PC FIVE YEAR PLEDGE FOR SUPPORT OF MUSEUM 2,000
    THE OLANA PARTNERSHIP
    PO BOX 199
    HUDSON,NY12534     		NONE PC 2020 FREDERIC CHURCH AWARD GALA 3,000
    NATURE CONSERVANCY
    PO BOX 1561
    MERRIFIELD,VA22116     		NONE PC ANNUAL MEMBERSHIP TO HELP PROTECT ENVIRONMENT 1,500
    MAYS CANCER CENTER
    7979 WURZBACH RD
    SAN ANTONIO,TX78229     		NONE PC DONATION IN MEMORY OF PEGGY MAYS 2,500
    OHIO STATE UNIV COLLEGE OF VETERINARY MEDICINE
    127G VMAB 1900 COFFEY RD
    COLUMBUS,OH43210     		NONE PC HUMMEL SCHOLARSHIP ENDOWMENT MEMORY OF BOB HUMMEL 5,000
    ST JOHN'S HOSPITAL FOUNDATION
    PO BOX 428
    JACKSON,WY83001     		NONE PC ONCOLOGY SUPPORT 10,000
    TREE BANK FOUNDATION
    3535 N CLASSEN
    OKLAHOMA CITY,OK73118     		NONE PC SUPPORTS PLANTING OF TREES ON PUBLIC & NON PROFIT LANDS 1,000
    SALVATION ARMY
    1001 N PENNSYLVANIA AVE
    OKLAHOMA CITY,OK73107     		NONE PC YEAR END DONATION FOR GENERAL SUPPORT 1,500
    JACKSON CUPBOARD
    PO BOX 1622
    JACKSON,WY83001     		NONE PC YEAR END DONATION FOR GENERAL SUPPORT 1,500
    REGIONAL FOOD BANK
    PO BOX 270968
    OKLAHOMA CITY,OK73137     		NONE PC YEAR END DONATION FOR GENERAL SUPPORT 2,500
    MAKE-A-WISH
    1702 E HIGHLAND AVE 400
    PHOENIX,AZ85016     		NONE PC YEAR END DONATION FOR GENERAL SUPPORT 2,500
    BOONE AND CROCKETT CLUB
    250 STATION DRIVE
    MISSOULA,MT59801     		NONE PC FINE ART OBJECTS 25,500
    Total .................................bullet 3a 1,448,600
    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 ...........     		    14 538  
    4 Dividends and interest from securities....     14 289,720  
    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 ............     		    18 575,231  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCLASS ACTION SETTLEMENT     		    14 248  
    bINCOME/(LOSS) FROM PASSTHROUGH     14 -1,284  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 864,453 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    864,453
    (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:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,555 2,647 0 4,908

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

    TY 2020 DepreciationSchedule
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    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
    3 DWR LATERAL FILE CABINET 1993-10-01 403 403 SL 10.000000000000 0 0 0  
    FILE CABINETS 1997-04-01 1,346 1,346 SL 10.000000000000 0 0 0  
    VALTON BRONZE 2006-04-12 3,500 3,500 SL 10.000000000000 0 0 0  
    MIEDUCH SKETCH 2007-10-19 350 350 SL 10.000000000000 0 0 0  
    SEABEK PORTRAIT 2007-11-01 1,090 1,090 SL 10.000000000000 0 0 0  
    DOHENY YOSEMITE OIL 2008-06-08 7,500 7,500 SL 10.000000000000 0 0 0  
    HP LASERJET IV 1995-06-01 1,595 1,595 SL 5.000000000000 0 0 0  
    MICROEDGE SOFTWARE 1995-12-01 3,500 3,500 SL 5.000000000000 0 0 0  
    MICROSOFT OFFICE FOR MAC 2003-07-18 452 452 SL 5.000000000000 0 0 0  
    DELL COMPUTER & 2 MONITORS 2013-11-26 1,377 1,377 SL 5.000000000000 0 0 0  
    MACBOOK PRO 2016-01-01 1,695 1,356 SL 5.000000000000 339 0 339  
    CONNECTINGPOINT LAPTOP 2006-08-17 2,835 2,835 SL 5.000000000000 0 0 0  
    ONLINE COMPUTER SYSTEMS 2020-04-10 3,471   SL 5.000000000000 521 0 521  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Name of Bond End of Year Book Value End of Year Fair Market Value
    UNITED PARCEL SERVICES 51,945 50,041
    CAMPBELL SOUP CO. 75,584 77,501
    STARBUCKS CORP 24,942 26,934
    APPLE INC 49,885 56,010
    DEERE CO 61,176 67,901
    CONOCO INC 56,886 70,068
    DEERE & CO 137,387 153,020
    KRAFT FOODS INC 53,902 67,641
    AT&T INC 54,477 70,046
    VANGUARD INFLATION PROTECTED SECS AD 191,799 207,149

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALPHABET INC CL A - GOOGLE 9,336 52,579
    ALPHABET INC CL C - GOOGLE 45,791 148,910
    COMCAST CORP CLASS A - CMCSA 44,690 83,840
    ELECTRONIC ARTS INC - EA 31,811 35,900
    VERIZON COMMUNICATIONS INC - VZ 45,901 46,413
    WALT DISNEY CO THE - DIS 24,220 45,295
    AUTOZONE INC 23,455 35,563
    DOLLAR GENERAL CORP 21,510 57,833
    HOME DEPOT INC - HD 28,419 39,843
    LOWES CO INC 18,762 17,656
    MCDONALDS CORP - MCD 26,924 34,333
    NIKE INC 12,811 67,198
    ROSS STORES INC 18,126 52,808
    STARBUCKS CORP 39,867 58,839
    COLGATE PALMOLIVE CO 23,891 35,487
    COSTCO WHSL CORP 18,631 88,543
    HERSHEY CO THE 20,896 34,274
    LAUDER ESTEE COS INC 16,857 46,583
    PEPSICO INC 44,630 74,150
    PROCTER & GAMBLE CO. - PG 35,088 41,742
    CONOCOPHILLIPS 55,229 37,391
    AMERICAN EXPRESS CO 25,573 51,387
    J P MORGAN CHASE CO 36,705 72,430
    MARSH MCLENNANA COS INC 28,532 42,120
    MOODYS CORP - MCO 34,413 36,280
    NORTHERN TRUST CORP 48,991 60,075
    P N C FINANCIAL SERVICES GROUP INC 26,520 58,110
    US BANCORP 43,677 50,317
    AMGEN INC - AMGN 51,922 48,283
    BECTON DICKINSON AND CO 22,398 62,555
    CREMER CORPORATION 33,048 38,455
    COOPER COS INC. - COO 39,705 45,415
    INTUITIVE SURGICAL INC - ISRG 15,768 32,724
    JOHNSON JOHNSON 32,701 50,362
    MERCK CO INC 35,583 51,125
    STRYKER CORP 18,960 79,638
    UNITEDHEALTH GROUP INC 36,844 105,204
    WATERS CORP 12,331 40,824
    CUMMINS INC 32,506 40,878
    DEERE CO 23,841 40,358
    DONALDSON CO INC 42,954 51,968
    HUBBELL INC 27,198 36,846
    UNION PACIFIC CORP 36,730 68,713
    UNITED PARCEL SERVICE CI B 26,021 58,940
    3M CO 33,280 59,429
    AKAMAI TECHNOLOGIES INC 44,541 41,996
    ANALOG DEVICES INC 33,571 42,842
    APPLE INC 30,544 256,092
    AUTOMATIC DATA PROCESSING 23,374 70,480
    CISCO SYSTEMS INC 22,890 42,736
    INTEL CORP - INTC 46,519 41,102
    INTUIT INC - INTU 35,757 37,985
    MICROSOFT CORP 38,481 252,447
    ORACLE CORPORATION 30,143 56,280
    VISA INC CLASS A SHARES 45,764 111,552
    AIR PRODS CHEMICALS INC 22,586 27,322
    APTAR GROUP INC 20,863 54,756
    P P G INDS INC 26,718 39,661
    CHUBB LTD - CB 60,472 61,568
    MEDTRONIC PIC 43,919 62,084
    ACCENTURE PIC CL A 28,827 99,260
    BOSTON TRUST WALDEN MIDCAP FUND - WAMFX 187,256 254,425
    BOSTON TRUST WALDEN MIDCAP FUND - BOSOX 98,453 123,484
    VANGUARD FTSE ALL WORLD EX US INDEX 56,397 59,270
    AMERICAN BALNCED FUND CLAS A - AMERICAN FUNDS 184,326 331,185
    AMERICAN MUTUAL FUND CLASS A - AMERICAN FUNDS 177,847 318,316
    CAPITAL INCOME BUILDER FUND CLASS A - AMERICAN FUNDS M/F 311,225 407,324
    CAPITAL WORLD GROWTH & INCOME FUND CLASS A 215,198 374,472
    INCOME FUND OF AMERICA CLASS A - AMERICAN FUNDS 316,968 446,626
    A T & T INC 107,179 120,792
    ABBOT LABORATORIES 39,960 218,980
    ABBVIE INC 32,337 160,725
    AIR PROD CHEMICALS 51,905 81,966
    ALPHABET INC 24,662 140,211
    ALPHABET INC 24,516 140,150
    AMAZON COM INC 27,294 390,832
    AMGEN INC 49,184 68,976
    APPLE INC 11,898 464,415
    CABOT OIL & GAS CORP 8,450 65,120
    COLGATE-PALMOLIVE CO 11,127 153,918
    CULLEN FROST BANKERS 15,625 174,460
    DANAHER CORP 56,097 577,564
    ECOLAB INC 59,805 108,180
    EOG RESOURCES 74,636 55,854
    EXXON MOBIL CORP 75,980 82,440
    FMC CORP 54,904 298,818
    FORTIVE CORP DISC 14,884 92,066
    FRANKLIN ELECTRIC CO 51,318 170,257
    GLACIER BANCORP INC 48,900 322,070
    HOME DEPOT INC 88,101 106,248
    HONEYWELL INTL INC 67,974 276,510
    JOHNSON & JOHNSON 92,770 220,332
    KIMBERLY - CLARK CORP 28,729 175,279
    MARTIN MARIETTA MATR 92,314 306,688
    MICROSOFT CORP 117,121 511,566
    NTNL INSTRUMENTS 28,284 85,683
    ORACLE CORP 138,542 161,725
    PAYPAL HOLDINGS INCORPOR 63,175 187,360
    PEPSICO INC 73,791 222,450
    PFIZER INC 102,673 184,050
    PROCTER & GAMBLE 73,401 160,011
    ROPER TECHNOLOGIES 33,067 237,100
    STRYKER CORP 71,064 90,665
    THE COCA-COLA CO 57,072 148,068
    THERMO FISHER SCNTFC 26,915 386,597
    TORO CO 68,167 94,840
    TRACTOR SUPPLY COMP 15,374 253,044
    TRIMBLE INC 30,412 213,664
    U S BANCCORP 112,918 158,406
    VALMONT INDUSTRIES 96,209 122,451
    VF CORP 46,034 297,227
    XYLEM INC. 83,068 101,790

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    US Government Securities - End of Year Book Value:

    797,389
    US Government Securities - End of Year Fair Market Value:

    841,387
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARTWORK AT COST 9,127,774 17,928,000

    TY 2020 LandEtcSchedule2
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    3 DWR LATERAL FILE CABINET 403 403 0  
    FILE CABINETS 1,346 1,346 0  
    VALTON BRONZE 3,500 3,500 0  
    MIEDUCH SKETCH 350 350 0  
    SEABEK PORTRAIT 1,090 1,090 0  
    DOHENY YOSEMITE OIL 7,500 7,500 0  
    HP LASERJET IV 1,595 1,595 0  
    MICROEDGE SOFTWARE 3,500 3,500 0  
    MICROSOFT OFFICE FOR MAC 452 452 0  
    DELL COMPUTER & 2 MONITORS 1,377 1,377 0  
    MACBOOK PRO 1,695 1,695 0  
    CONNECTINGPOINT LAPTOP 2,835 2,835 0  
    ONLINE COMPUTER SYSTEMS 3,471 521 2,950  


    TY 2020 LegalFeesSchedule
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 4,598 1,184 0 3,414


    TY 2020 OtherAssetsSchedule
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LIFE INSURANCE SURRENDER VALUE 1,183,239 1,224,133 1,224,133
    RENTAL DEPOSIT 3,900 750 750


    TY 2020 OtherDecreasesSchedule
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Description Amount
    CHANGE IN RENTAL DEPOSITS 3,150


    TY 2020 OtherExpensesSchedule
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 3,774 0 0 3,774
    INFORMATION TECHNOLOGY 415 0 0 415
    INSURANCE 6,804 6,397 0 407
    POSTAGE 849 0 0 849
    CONTRACT LABOR 3,362 3,102 0 260
    EVENTS 1,954 0 0 1,954
    MOVING EXPENSE 3,883 0 0 3,883
    MISCELLANEOUS 154 0 0 154


    TY 2020 OtherIncomeSchedule2
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CLASS ACTION SETTLEMENT 248   0
    INCOME/(LOSS) FROM PASSTHROUGH -1,284 191 0


    TY 2020 OtherIncreasesSchedule
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Description Amount
    CHANGE IN INSURANCE CASH SURRENDER VALUE 40,893
    CHANGE IN FAIR MARKET VALUE OF ARTWORK DONATED 450,348
    AEU & AEW BOOK/TAX DIFFERENCE 1,284


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 75,839 75,839 0 0
    OTHER FEES 520 520 0 0


    TY 2020 TaxesSchedule
    Name:
    ROBERT S & GRAYCE B KERR FOUNDATION
    EIN:
    73-1256123
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 12,526 1,382 0 11,144
    EXCISE TAX 10,000 0 0 0
    FOREIGN TAXES 53 53 0 0