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
THE FROST FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)511 ARMIJO ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA FE, NM87501
A Employer identification number

72-0520342
B Telephone number (see instructions)

(505) 986-0208
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$34,924,308J 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 13 13  
4 Dividends and interest from securities... 673,296 673,296  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,000,842
b Gross sales price for all assets on line 6a 10,778,307
7 Capital gain net income (from Part IV, line 2)... 1,000,842
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 1,439 1,439  
12 Total. Add lines 1 through 11........ 1,675,590 1,675,590  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 239,998 119,999   119,999
14 Other employee salaries and wages...... 30,002 15,001   15,001
15 Pension plans, employee benefits....... 68,561 34,280   34,281
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 24,766 12,383   12,383
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 49,778 25,391   10,462
19 Depreciation (attach schedule) and depletion... 20,135 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 14,988 7,494   7,494
22 Printing and publications.......... 28,619 14,309   14,310
23 Other expenses (attach schedule)....... Click to see attachment 368,026 281,393   86,633
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 844,873 510,250   300,563
25 Contributions, gifts, grants paid....... 1,300,127 1,300,127
26 Total expenses and disbursements. Add lines 24 and 25 2,145,000 510,250   1,600,690
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -469,410
b Net investment income (if negative, enter -0-) 1,165,340
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............. 500 700 700
2 Savings and temporary cash investments......... 1,106,619 1,476,446 1,476,446
3 Accounts receivable bullet47,631
Less: allowance for doubtful accounts bullet   51,946 47,631 47,631
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.......... 7,269 7,269 7,269
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 22,662,536 Click to see attachment23,936,420 23,936,420
c Investments—corporate bonds (attach schedule)....... 8,776,419 Click to see attachment9,095,145 9,095,145
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet948,969
Less: accumulated depreciation (attach schedule) bullet594,713 374,391 354,256 354,256
15 Other assets (describe bullet) Click to see attachment2,668 Click to see attachment6,441 Click to see attachment6,441
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,982,348 34,924,308 34,924,308
Liabilities 17 Accounts payable and accrued expenses.......... 3,436 1,547
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)......... 3,436 1,547
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........... 32,978,912 34,922,761
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 32,978,912 34,922,761
30 Total liabilities and net assets/fund balances (see instructions). 32,982,348 34,924,308
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
32,978,912
2
Enter amount from Part I, line 27a .....................
2
-469,410
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,413,259
4
Add lines 1, 2, and 3 ..........................
4
34,922,761
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
34,922,761
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     2020-12-31
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10,778,307   9,777,465 1,000,842
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,000,842
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,000,842
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 16,198
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 16,198
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 16,198
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 17,966
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,966
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,768
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,768 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)
    bulletNM, LA
    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 addressbulletWWW.FROSTFOUND.ORG
    14
    The books are in care ofbulletMARY AMELIA WHITED-HOWELL Telephone no.bullet (505) 986-0208

    Located atbullet511 ARMIJO ASANTA FENM ZIP+4bullet87501
    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
    MARY AMELIA WHITED-HOWELL PRESIDENT
    40.00     		119,999 0 0
    511 ARMIJO ST
    SANTA FE,NM87501
    PHILIP B HOWELL VICE PRESIDENT
    40.00     		119,999 0 0
    511 ARMIJO ST
    SANTA FE,NM87501
    TAYLOR F MOORE SECRETARY, TREASURER
    0.50     		0 0 0
    511 ARMIJO ST
    SANTA FE,NM87501
    ANN ROGERS GERBER DIRECTOR
    0.50     		0 0 0
    511 ARMIJO ST
    SANTA FE,NM87501
    PHILIP CARTER HOWELL DIRECTOR
    0.50     		0 0 0
    511 ARMIJO ST
    SANTA FE,NM87501
    AMELIA REID HOWELL DIRECTOR
    0.50     		0 0 0
    511 ARMIJO ST
    SANTA FE,NM87501
    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
    30,231,248
    b
    Average of monthly cash balances.......................
    1b
    1,245,932
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    31,477,180
    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
    31,477,180
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    472,158
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    31,005,022
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,550,251
    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
    1,550,251
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    16,198
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,198
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,534,053
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,534,053
    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
    1,534,053
    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
    1,600,690
    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
    1,600,690
    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
    1,600,690
    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 1,534,053
    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...... 506,008
    b From 2016...... 240,553
    c From 2017...... 537,463
    d From 2018...... 428,070
    e From 2019...... 412,746
    fTotal of lines 3a through e........ 2,124,840
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,600,690
    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..... 1,534,053
    e Remaining amount distributed out of corpus 66,637
    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 2,191,477
    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) ...     		506,008
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,685,469
    10 Analysis of line 9:
    a Excess from 2016.... 240,553
    b Excess from 2017.... 537,463
    c Excess from 2018.... 428,070
    d Excess from 2019.... 412,746
    e Excess from 2020.... 66,637
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MARY AMELIA WHITED-HOWELL PRESIDENT
    511 ARMIJO STREET SUITE A
    SANTA FE,NM87501
    (505) 986-0208
    bThe form in which applications should be submitted and information and materials they should include:
    ONE PAGE SUMMARY. INCLUDE NAME, ADDRESS, PHONE NUMBER, PROJECT OR EXECUTIVE DIRECTOR, AGE OF ORGANIZATION, DESCRIPTION OF NEED, DESCRIPTION OF OBJECTIVE OR GOAL, PROCEDURES USED FOR PLANNING & IMPLEMENTATION
    cAny submission deadlines:
    DECEMEBR 1ST FOR MARCH BOARD MEETING. JUNE 1ST FOR SEPTEMBER BOARD MEETING.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ACTION ACADEMY MESILLA VALLEY
    1730 TIERRA DE MESILLA
    LAS CRUCES,NM88005     		NONE 501(C)3 OPERATING 10,000
    ALBUQUERQUE PUBLIC LIBRARY FOUNDATION
    PO BOX 25792
    ALBUQUERQUE,NM87125     		NONE 501(C)3 OPERATING 3,000
    AMP CONCERTS
    1013 VASSAR DR
    ALBUQUERQUE,NM87106     		NONE 501(C)3 FREE COMMUNITY CONCERTS SERVICE PROJECT 5,000
    ANIMAL PROTECTION OF NM
    301 GOLD AVE SW 205
    ALBUQUERQUE,NM87102     		NONE 501(C)3 OPERATING 10,000
    BIG DOGS HUGE PAWS INC
    1917 PERRY PARK AVE
    LARKSPUR,CO80118     		NONE 501(C)3 OPERATING 4,000
    BLUE SKYE FOUNDATION
    PO BOX 1407
    NEW ALBANY,IN47151     		NONE 501(C)3 OPERATING 10,000
    CANCER SERVICES OF GREATER BATON ROUGE
    550 LOBDELL AVE
    BATON ROUGE,LA70806     		NONE 501(C)3 OPERATING 15,000
    CANONES EARLY CHILDHOOD CENTER
    PO BOX 55
    CANONES,NM87516     		NONE 501(C)3 OPERATING 5,000
    CARE WITH ME FOUNDATION
    1344 DISC DRIVE NUM1043
    SPARKS,NV89436     		NONE 501(C)3 OPERATING 15,000
    CENTENARY COLLEGE
    2911 CENTENRAY BLVD
    SHREVEPORT,LA71104     		NONE 501(C)3 OPERATING 15,000
    CHIMP HAVEN
    13600 CHIMPANZEE PLACE
    KEITHVILLE,LA71047     		NONE 501(C)3 OPERATING 10,000
    COMMUNITIES IN SCHOOLS OF NM
    300 CATRON STREET SUITE A
    SANTA FE,NM87501     		NONE 501(C)3 SITE COORDINATION PROGRAM 15,000
    COMMUNITY RENEWAL INTERNATIONAL
    POST OFFICE BOX 4678
    SHREVEPORT,LA71134     		NONE 501(C)3 OPERATING 25,000
    DESERT ACADEMY
    7300 OLD SANTA FE TRAIL
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 150,000
    EARLY CARE INTERNATIONAL
    PO DRAWER 5619
    SANTA FE,NM87502     		NONE 501(C)3 OPERATING 10,000
    EMBUDO VALLEY TUTORING ASSOC
    PO BOX 358
    DIXON,NM87527     		NONE 501(C)3 FREE TUTORING PROGRAM FOR CHILDREN OF THE EMBUDO VALLEY 10,000
    ESPANOLA ANIMAL SHELTER
    108 HAM PKWY
    ESPANOLA,NM87532     		NONE 501(C)3 OPERATING 20,000
    ESPANOLA HUMANE
    108 HAMM PARKWAY
    ESPANOLA,NM87532     		NONE 501(C)3 OPERATING 20,000
    FIRST UNITED METHODIST CHURCH
    315 COAL AVE SW
    ALBUQUERQUE,NM87102     		NONE 501(C)3 OPERATING 10,000
    GERARD'S HOUSE
    PO BOX 28693
    SANTA FE,NM87592     		NONE 501(C)3 OPERATING 5,000
    GIRLS INC
    441 WEST MICHIGAN ST
    INDIANAPOLIS,IN46202     		NONE 501(C)3 OPERATING 10,000
    HOMEWISE
    1301 SILER ROAD BUILDING D
    SANTA FE,NM87507     		NONE 501(C)3 HOMEBUYER EDUCATION AND CLASSES 15,000
    KINDRED SPIRITS ANIMAL SANCTUARY
    3749 NM-14
    SANTA FE,NM87508     		NONE 501(C)3 OPERATING 20,000
    LIFE CIRCLE
    PO BOX 6022
    SANTA FE,NM87502     		NONE 501(C)3 OPERATING 15,000
    LITERACY VOLUNTEERS OF SANTA FE
    6401 RICHARDS AVE
    SANTA FE,NM87505     		NONE 501(C)3 TUTORING PROGRAM 10,000
    MEALS ON WHEELS
    5901 HARPER DR NE
    ALBUQUERQUE,NM87109     		NONE 501(C)3 OPERATING 10,000
    NATIONAL ORGANIZATION ON DISABILITY
    77 WATER STREET 13TH FLOOR
    NEW YORK,NY10005     		NONE 501(C)3 OPERATING 5,000
    NEW MEXICO APPLESEED
    222 E MARCY ST SUITE 20
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 10,000
    NEW MEXICO COALITION TO END HOMELESSNESS
    PO BOX 865
    SANTA FE,NM87504     		NONE 501(C)3 OPERATING 5,000
    NEW MEXICO SCHOOL FOR THE ARTS
    275 EAST ALAMEDA
    SANTA FE,NM87501     		NONE 501(C)3 RESIDENTIAL PROGRAM 100,000
    NEW MEXICO WILDLIFE CENTER
    19 WHEAT ST
    ESPANOLA,NM87532     		NONE 501(C)3 SCIENCE AND EDUCATION PROGRAM 2,000
    NEW MEXICO WOMEN'S FOUNDATION
    3204 MERCANTILE CT B
    SANTA FE,NM87507     		NONE 501(C)3 OPERATING 20,000
    NM ENVIRONMENTAL LAW CTR
    1405 LUISA ST STE 5
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 10,000
    OPERA WEST
    111 RICARDO ROAD
    SANTA FE,NM87501     		NONE 501(C)3 OPERATIC PERFOMANCE 5,000
    PLANNED PARENTHOOD OF NM
    701 SAN MATEO NE
    ALBUQUERQUE,NM87108     		NONE 501(C)3 OPERATING 12,000
    RESOLVE
    PO BOX 8350
    SANTA FE,NM87504     		NONE 501(C)3 OPERATING 5,000
    RIO GRANDE VALLEY COMMUNITY FOUNDATION
    1200 ASHE AVE
    MCALLEN,TX78501     		NONE 501(C)3 OPERATING -5,000
    SANTA FE CONSERVATION TRUST
    PO BOX 23985
    SANTA FE,NM87502     		NONE 501(C)3 OPERATING 15,000
    SANTA FE FILM FESTIVAL
    PO BOX 2167
    SANTA FE,NM87504     		NONE 501(C)3 OPERATING 5,000
    SANTA FE FILM INSTITUTE
    418 MONTEZUMA AVE
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 10,000
    SANTA FE RECOVERY CENTER
    5312 JAGUAR DRIVE
    SANTA FE,NM87507     		NONE 501(C)3 OPERATING 10,000
    SIERRA COUNTY ANIMAL SOCIETY
    PO BOX 435
    WILLIAMSBURG,NM87942     		NONE 501(C)3 OPERATING 10,000
    SOUTHWEST CREATIONS COLLABORATIVE
    1308 4TH STREET NW
    ALBUQUERQUE,NM87102     		NONE 501(C)3 OPERATING 15,000
    ST ELIZABETH SHELTER
    804 ALARID ST
    SANTA FE,NM87505     		NONE 501(C)3 CASA FAMILA URGENT CTR 20,000
    ST VINCENT HOSPITAL FOUNDATION
    455 ST MICHAELS DRIVE
    SANTA FE,NM87505     		NONE 501(C)3 MULTIYEAR GRANT & GALA / FUNDRAISER 416,667
    THE CG JUNG INSTITUTE
    3115 SIRINGO RD
    SANTA FE,NM87507     		NONE 501(C)3 COMMUNITY PROGRAMS 10,000
    THE FOSTER CARE ALLIANCE
    7000 PEACHTREE DUNWOODY RD
    ATLANTA,GA30328     		NONE 501(C)3 OPERATING 5,460
    THE HOPI SCHOOL INC
    PO BOX 56
    HOTEVILLA,AZ86030     		NONE 501(C)3 OPERATING 3,000
    THE INTERFAITH COMMUNITY SHELTER
    PO BOX 22653
    SANTA FE,NM87502     		NONE 501(C)3 COMMUNITY SHELTER 10,000
    THE LENSIC SF PERFORMING ARTS CTR
    211 W SAN FRANCISCO ST
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 20,000
    THINK NEW MEXICO
    1227 PASEO DE PERALTA
    SANTA FE,NM87501     		NONE 501(C)3 POLICY RESEARCH & PUBLIC EDUCATION PROJECT 25,000
    TRAUMA RESOURCE INTERNATIONAL
    118 TEMBLON STREET
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 5,000
    UNITED WAY OF SANTA FE COUNTY
    440 CERRILLOS RD STE A
    SANTA FE,NM87501     		NONE 501(C)3 OPERATING 35,000
    VIETNAM PROJECT
    60 RAVENS RIDGE
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 2,000
    WAY MAKER MINISTRIES
    804 1ST AVENUE
    HARVEY,LA70058     		NONE 501(C)3 OPERATING 15,000
    WISE FOOL YOUTH MOVEMENT INITIATIVE
    1131 SILER RD SUITE B
    SANTA FE,NM87507     		NONE 501(C)3 KIDS SUMMER PROGRAMS 7,000
    WOMEN'S INTERNATIONAL STUDY CENTER
    614 ACEQUIA MADRE
    SANTA FE,NM87505     		NONE 501(C)3 OPERATING 20,000
    YOUTH WORKS
    PO BOX 27359
    GOLDEN VALLEY,MN55427     		NONE 501(C)3 OPERATING 20,000
    SOMOS
    2910 EXTERIOR 1ST FLOOR
    BRONX,NY10463     		NONE 501(C)3 OPERATING 5,000
    Total .................................bullet 3a 1,300,127
    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 13  
    4 Dividends and interest from securities....     14 673,296  
    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.....     15 1,439  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,000,842  
    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 1,675,590 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,675,590
    (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 InvestmentsCorpBondsSchedule
    Name:
    THE FROST FOUNDATION
    EIN:
    72-0520342
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 9,095,145 9,095,145

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE FROST FOUNDATION
    EIN:
    72-0520342
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCKS 23,936,420 23,936,420

    TY 2020 OtherAssetsSchedule
    Name:
    THE FROST FOUNDATION
    EIN:
    72-0520342
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 2,400 2,400 2,400
    PREPAID EXCISE TAX 268 4,041 4,041


    TY 2020 OtherExpensesSchedule
    Name:
    THE FROST FOUNDATION
    EIN:
    72-0520342
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 196 98   98
    COMPUTER & SOFTWARE SUPPORT 28,530 14,265   14,265
    DIRECTOR REIMBURSEMENTS 3,000 1,500   1,500
    DUES, SUBSCRIPTIONS & FEES 224 112   112
    INSURANCE 89,697 44,848   44,849
    JANITORIAL 5,946 2,973   2,973
    OFFICE EXPENSES 5,993 2,996   2,997
    OTHER EXPENSES 2,140 1,070   1,070
    POSTAGE & SHIPPING 2,880 1,440   1,440
    REPAIR & MAINTENANCE 26,119 13,059   13,060
    TELEPHONE & INTERNET SERVICES 5,137 2,568   2,569
    UTILITIES 3,399 1,699   1,700
    INVESTMENT SERVICES 190,450 190,450   0
    ACCRUED INTEREST PAID 4,315 4,315   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE FROST FOUNDATION
    EIN:
    72-0520342
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME -15,902 -15,902 -15,902
    ROYALTIES 17,341 17,341 17,341


    TY 2020 OtherIncreasesSchedule
    Name:
    THE FROST FOUNDATION
    EIN:
    72-0520342
    Description Amount
    UNREALIZED GAIN(LOSS) 2,413,259


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE FROST FOUNDATION
    EIN:
    72-0520342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER 24,766 12,383   12,383


    TY 2020 TaxesSchedule
    Name:
    THE FROST FOUNDATION
    EIN:
    72-0520342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL 20,923 10,461   10,462
    FOREIGN TAXES 14,930 14,930   0
    PROPERTY TAX 0 0   0
    EXCISE TAXES 13,925 0   0