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
WATSON-BROWN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)310 TOM WATSON WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
THOMSON, GA308240037
A Employer identification number

23-7097393
B Telephone number (see instructions)

(706) 595-8886
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$164,325,841J 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 63 63  
4 Dividends and interest from securities... 2,004,270 2,004,270  
5a Gross rents............ 19,528 19,528  
b Net rental income or (loss) 19,528
6a Net gain or (loss) from sale of assets not on line 10 7,254,301
b Gross sales price for all assets on line 6a 518,303
7 Capital gain net income (from Part IV, line 2)... 7,200,686
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold.... 194
c Gross profit or (loss) (attach schedule)..... -194  
11 Other income (attach schedule)....... Click to see attachment 420,006 456,254  
12 Total. Add lines 1 through 11........ 9,697,974 9,680,801  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 212,283 21,228   191,055
14 Other employee salaries and wages...... 603,571 35,874   567,697
15 Pension plans, employee benefits....... 19,829 1,522   18,307
16a Legal fees (attach schedule)......... Click to see attachment 1,319 659   660
b Accounting fees (attach schedule)....... Click to see attachment 37,200 18,600   18,600
c Other professional fees (attach schedule).... Click to see attachment 248,541 237,872   10,669
17 Interest............... 141,468 25,214   116,254
18 Taxes (attach schedule) (see instructions)... Click to see attachment 114,325 54,666   59,659
19 Depreciation (attach schedule) and depletion... Click to see attachment 508,590 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 13,633 14   13,619
22 Printing and publications.......... 53,254 0   53,254
23 Other expenses (attach schedule)....... Click to see attachment 1,441,142 658,641   746,313
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,395,155 1,054,290   1,796,087
25 Contributions, gifts, grants paid....... 4,740,237 4,740,237
26 Total expenses and disbursements. Add lines 24 and 25 8,135,392 1,054,290   6,536,324
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,562,582
b Net investment income (if negative, enter -0-) 8,626,511
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.............      
2 Savings and temporary cash investments......... 2,826,092 3,102,252 3,102,252
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.............. 5,099 4,905 4,905
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 119,723,418 Click to see attachment120,971,789 146,437,907
14 Land, buildings, and equipment: basis bullet22,214,862
Less: accumulated depreciation (attach schedule) bullet6,609,743 15,794,331 Click to see attachment15,605,119 14,269,854
15 Other assets (describe bullet) Click to see attachment516,797 Click to see attachment560,998 Click to see attachment510,923
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 138,865,737 140,245,063 164,325,841
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)...... 3,217,735 Click to see attachment2,853,356
22 Other liabilities (describe bullet) Click to see attachment62 Click to see attachment181,185
23 Total liabilities (add lines 17 through 22)......... 3,217,797 3,034,541
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........ 135,647,940 137,210,522
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 135,647,940 137,210,522
30 Total liabilities and net assets/fund balances (see instructions). 138,865,737 140,245,063
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
135,647,940
2
Enter amount from Part I, line 27a .....................
2
1,562,582
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
137,210,522
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
137,210,522
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 PASSTHROUGH - MERCER GLOBAL MULTI-ASSET FD P   2020-12-31
b PASSTHROUGH - MERCER GLOBAL MULTI-ASSET FD-SEC. 1256 P   2020-12-31
c PASSTHROUGH - MERCER GLOBAL MULTI-ASSET FD P   2020-12-31
d PASSTHROUGH - MERCER GLOBAL MULTI-ASSET FD-SEC. 1256 P   2020-12-31
e PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS II P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS II-SEC 1256 P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS II P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS II-SEC 1256 P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS II-SEC 1231 GAIN P   2020-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. V P   2020-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. V-SEC. 1256 P   2020-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. V P   2020-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. V-SEC. 1256 P   2020-12-31
PASSTHROUGH - MERCER GLOBAL MULTI-ASSET FD-SEC. 1231 P   2020-12-31
PASSTHROUGH - PORTFOLIO ADVISORS PRIVATE EQUITY FD P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS III P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS III P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS III-SEC. 1231 P   2020-12-31
PASSTHROUGH - NB CROSSROADS FD P   2020-12-31
PASSTHROUGH - NB CROSSROADS FD P   2020-12-31
PASSTHROUGH - NB CROSSROADS FD P   2020-12-31
PASSTHROUGH - NB CROSSROADS FD P   2020-12-31
PASSTHROUGH - NB CROSSROADS FD-SEC 1231 P   2020-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. VI P   2020-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. VI-SEC 1256 P   2020-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. VI P   2020-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. VI-SEC 1256 P   2020-12-31
PASSTHROUGH - MONTAUK TRIGUARD FD. VI-SEC 1231 P   2020-12-31
PASSTHROUGH - H/2 SPECIAL OPPS. III, LP P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS IV P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS IV-SEC 1256 P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS IV P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS IV-SEC 1256 P   2020-12-31
PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS IV-SEC 1231 P   2020-12-31
PASSTHROUGH - MERCER PIP V FUND P   2020-12-31
PASSTHROUGH - MERCER PIP V FUND P   2020-12-31
PASSTHROUGH - MERCER PIP V FUND-SEC 1231 P   2020-12-31
PASSTHROUGH - MERCER PIP VI FUND P   2020-12-31
PASSTHROUGH - AUDAX DIRECT LENDING SOLUTIONS FUND P   2020-12-31
CLASS ACTION RECEIPT - MERCK & CO P   2020-02-26
16253.974 SHS. VANGUARD INFLATION PROTECTED SECS P   2020-12-09
(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       338,396
b       575,791
c       3,635,615
d       863,687
e       -4,808
      -484
      387,612
      -725
      -46,537
      -53
      -2
      44,026
      -2
      -30
      615,070
      1,338
      235,626
      1,215
      2,933
      -456
      215,284
      -684
      127
      380
      -271
55,945   53,615 2,330
      -407
      97,625
      -6,782
      -1,611
      -485
      97,843
      -727
      1,159
      3,823
      74,270
      -1
      265
      9,878
583     583
461,775   401,900 59,875
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       338,396
b       575,791
c       3,635,615
d       863,687
e       -4,808
      -484
      387,612
      -725
      -46,537
      -53
      -2
      44,026
      -2
      -30
      615,070
      1,338
      235,626
      1,215
      2,933
      -456
      215,284
      -684
      127
      380
      -271
      2,330
      -407
      97,625
      -6,782
      -1,611
      -485
      97,843
      -727
      1,159
      3,823
      74,270
      -1
      265
      9,878
      583
      59,875
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 7,200,686
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................................ 1 119,909
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........................... 3 119,909
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- ..... 5 119,909
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 184,119
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 45,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 229,119
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 10 109,210
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet109,210 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletGA
    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.WATSON-BROWN.ORG
    14
    The books are in care ofbulletTHOMAS W BROWN JR Telephone no.bullet (706) 595-8886

    Located atbullet310 TOM WATSON WAYTHOMSONGA ZIP+4bullet308240037
    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
    THOMAS W BROWN JR PRESIDENT
    50.00     		175,283 4,883 0
    753 BRADBERRY CREEK
    EVANS,GA30809
    WYCHE FOWLERJR TRUSTEE
    2.50     		12,500 0 0
    2734 PEACHTREE RD NW SUITE C102
    ATLANTA,GA30305
    JOHN WOODHAM TRUSTEE
    2.50     		12,000 0 0
    2625 PIEDMONT ROAD SUITE 56-295
    ATLANTA,GA30324
    JOAB LESESNE TRUSTEE
    2.50     		12,500 0 0
    1009B BRIARWOOD COURT
    SPARTANBURG,SC29302
    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
    SAMUEL N THOMAS HOUSE MUSEUM CURATOR
    45.00     		85,589 0 0
    175 HILL STREET
    ATHENS,GA30601
    MICHELLE L ZUPAN HOUSE MUSEUM CURATOR
    45.00     		80,524 0 0
    502 HICKORY HILL DRIVE
    THOMSON,GA30824
    DEXTER E RHODES GROUNDS MANAGER
    45.00     		73,835 0 0
    310 TOM WATSON WAY
    THOMSON,GA30824
    ELIZABETH B MOORE ACCOUNTANT/ADMIN.
    45.00     		69,027 0 0
    310 TOM WATSON WAY
    THOMSON,GA30824
    BARBARA D HYDE HOUSE MUSEUM CURATOR
    45.00     		66,472 0 0
    320 WEST PACES FERRY RD NW
    ATLANTA,GA30305
    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
    MERCER INVESTMENT CONSULTING INC INVESTMENT CONSULTING 178,610
    701 MARKET STREET SUITE 1100
    ST LOUIS,MO63101
    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 MAINTAINING THREE HISTORIC HOUSE MUSEUMS THAT CONDUCT VARIOUS EDUCATIONAL PROGRAMMING INCLUDING PUBLIC TOURS, SCHOOL FIELD TRIPS, SEMINARS AND SYMPOSIA, SUMMER CAMPS, AND TWO "JUNIOR BOARDS" OF HIGH SCHOOL STUDENTS THAT RESEARCH AND AWARD GRANTS TO LOCAL HISTORIC PRESERVATION PROJECTS. 1,000,381
    2 MAINTAINING HISTORIC GARDENS AND GROUNDS FOR PRESERVATION, PUBLIC TOURS, AND A VARIETY OF EDUCATIONAL PROGRAMMING. 246,367
    3 ALLOCATION OF EXPENSES FOR ADMINISTERING SCHOLARSHIPS AND GRANTS INCURRED BY THE FOUNDATION OFFICE. ALLOCATION IS BASED ON A COMBINATION OF DIRECT COST AND A PERCENTAGE OF ALL OTHER EXPENSES. 4,013,250
    4 TOM WATSON BROWN BOOK AWARD. THE ANNUAL AWARD IS MADE THROUGH THE AUSPICES OF THE SOCIETY OF CIVIL WAR HISTORIANS FOR A SINGLE OUTANDING BOOK ON THE AMERICAN CIVIL WAR. SCHOLARLY AND TRADE PRESSES SUBMIT BOOKS FOR CONSIDERATION BY A THREE JUROR PANEL OF CIVIL WAR SCHOLARS. 61,881
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    1,342,440
    c
    Fair market value of all other assets (see instructions)................
    1c
    132,244,028
    d
    Total (add lines 1a, b, and c).........................
    1d
    133,586,468
    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
    133,586,468
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,003,797
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    131,582,671
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,579,134
    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
    6,579,134
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    119,909
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    119,909
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,459,225
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,459,225
    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
    6,459,225
    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
    6,536,324
    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
    319,378
    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
    6,855,702
    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
    6,855,702
    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 6,459,225
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,074,361
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 6,855,702
    a Applied to 2019, but not more than line 2a 1,074,361
    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..... 5,781,341
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		677,884
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    THOMAS W BROWN JR
    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:
    THOMAS WBROWN JR 310 TOM WATSON WAY
    310 TOM WATSON WAY
    THOMSON,GA30824
    (706) 595-8886
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS ARE WEB BASED AND PROVIDED BY FOUNDATION AS NEEDED
    cAny submission deadlines:
    GRANTS DUE APRIL 15/SCHOLARSHIPS DUE FEBRUARY 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    251 SCHOLARSHIPS WERE AWARDED IN FEBRUARY 2020 FOR THE FALL 2020/SPRING 2021 SCHOOL YEAR. THE AWARD IS $5,000 PER YEAR. A G.P.A. REQUIREMENT IS 3.0. FULL-TIME ATTENDANCE AT AN ACCREDITED 4 YEAR COLLEGE IS ALSO REQUIRED.
    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
    ABRAHAM BALDWIN AGRICULTURAL COLLEGE
    2802 MOORE HWY
    TIFTON,GA31794     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    AGNES SCOTT COLLEGE
    141 E COLLEGE AVE
    DECATUR,GA30030     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 20,000
    ALABAMA A&M UNIVERSITY
    PO BOX 907
    NORMAL,AL35762     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    ALBANY STATE UNIVERSITY
    504 COLLEGE DR
    ALBANY,GA31705     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    ALCORN STATE UNIVERSITY
    1000 ASU DRIVE
    LORMAN,MS390967500     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    ANDERSON UNIVERSITY
    316 BOULEVARD BOX 1142
    ANDERSON,SC29621     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 65,192
    ASBURY UNIVERSITY
    ONE MACKLEM DR
    WILMORE,KY40390     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    AUBURN UNIVERSITY
    108 MARY MARTIN HALL
    AUBURN,AL36849     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    AUGUSTA UNIVERSITY
    11250 15TH ST
    AUGUSTA,GA309120004     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 270,000
    BARNARD COLLEGE
    11 MILLBANK HALL
    NEW YORK,NY10027     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    BELMONT ABBEY COLLEGE
    100 BELMONT-MT HOLLY RD
    BELMONT,NC280121802     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    BENEDICT COLLEGE
    1600 HARDEN ST
    COLUMBIA,SC29204     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    BENEDICTINE COLLEGE
    1020 N 2ND ST
    ATCHISON,KS66002     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    BENTLEY UNIVERSITY
    RAUCH ADM BLDG RM 104
    WALTHAM,MA02452     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    BEREA COLLEGE
    CPO 2172
    BEREA,KY40404     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    BERRY COLLEGE
    2277 MARTHA BERRY HWY
    MT BERRY,GA30149     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 12,500
    BOB JONES UNIVERSITY
    1700 WADE HAMPTON BLVD
    GREENVILLE,SC29614     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    BOSTON UNIVERSITY
    881 COMMONWEALTH AVE
    BOSTON,MA02215     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    BRIGHAM YOUNG UNIVERSITY
    D155 ASB
    PROVO,UT84602     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    BRIGHAM YOUNG UNIVERSITY IDAHO
    SPENCER W KIMBALL BLDG 196
    REXBURG,ID83460     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    BROWN UNIVERSITY
    CAMPUS BOX 1911
    PROVIDENCE,RI02912     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 17,500
    CATHOLIC UNIVERSITY OF AMERICA
    620 MICHIGAN AVE NE
    WASHINGTON,DC20064     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    CENTRE COLLEGE
    600 WEST WALNUT ST
    DANVILLE,KY40422     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    CHARLESTON SOUTHERN UNIVERSITY
    PO BOX 118087
    CHARLESTON,SC29423     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 21,965
    CITADEL
    171 MOULTRIE ST
    CHARLESTON,SC29409     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    CLAFLIN UNIVERSITY
    400 MAGNOLIA ST
    ORANGEBURG,SC29115     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 17,500
    CLARK ATLANTA UNIVERSITY
    223 JAMES P BRAWLEY DR SW
    ATLANTA,GA30314     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    CLAYTON STATE UNIVERSITY
    2000 CLAYTON ST BLVD
    MORROW,GA30260     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    CLEMSON UNIVERSITY
    G-08 SIKES HALL
    CLEMSON,SC296345307     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 524,892
    COASTAL CAROLINA UNIVERSITY
    PO BOX 261954
    CONWAY,SC295286054     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    COLLEGE OF CHARLESTON
    66 GEORGE STREET
    CHARLESTON,SC294240001     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 67,500
    COLUMBIA COLLEGE
    1301 COLUMBIA COLLEGE DR
    COLUMBIA,SC29203     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    COLUMBIA INTERNATIONAL UNIVERSITY
    PO BOX 3122
    COLUMBIA,SC29230     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    COLUMBIA UNIVERSITY
    2960 BROADWAY
    NEW YORK,NY100276902     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,012
    COLUMBUS STATE UNIVERSITY
    4225 UNIVERSITY AVE
    COLUMBUS,GA31907     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    CONVERSE COLLEGE
    580 E MAIN ST
    SPARTANBURG,SC293020006     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 30,000
    CORNELL UNIVERSITY
    PO BOX 752
    ITHACA,NY14851     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    COVENANT COLLEGE
    14049 SCENIC HWY
    LOOKOUT MOUNTAIN,GA30750     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    CUNY JOHN JAY COLLEGE OF CRIMINAL JUSTICE
    524 W 59TH ST
    NEW YORK,NY10019     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    CUNY LEHMAN COLLEGE
    SH-031 250 BEDFORD PARK BLVD WEST
    BRONX,NY10468     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    DARTMOUTH COLLEGE
    6016 MCNUTT HALL
    HANOVER,NH037553541     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    DAVIDSON COLLEGE
    PO BOX 7157
    DAVIDSON,NC280357157     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    DUKE UNIVERSITY
    BOX 90759
    DURHAM,NC277080759     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 47,939
    EAST GEORGIA STATE COLLEGE
    131 COLLEGE CIRCLE
    SWAINSBORO,GA30401     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    ELON UNIVERSITY
    100 CAMPUS DR
    ELON,NC27244     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    EMBRY RIDDLE AERONAUTICAL UNIVERSITY
    1 AEROSPACE BLVD
    DATTONA BEACH,FL32114     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    EMMANUEL COLLEGE
    PO BOX 129
    FRANKLIN SPRINGS,GA30639     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    EMORY UNIVERSITY
    300 BOISFEUILLET JONES CTR
    ATLANTA,GA30322     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 28,877
    ERSKINE COLLEGE
    TWO WASHINGTON ST
    DUE WEST,SC29639     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    FLORIDA A&M
    FOOTIE HILYER ST
    TALLAHASSEE,FL32307     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    FLORIDA STATE UNIVERSITY
    A-1500 UNIVERSITY CENTER
    TALLAHASSEE,FL32306     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    FORT VALLEY STATE UNIVERSITY
    1005 STATE UNIVERSITY DR
    FORT VALLEY,GA31030     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    FRANCIS MARION UNIVERSITY
    PO BOX 100547
    FLORENCE,SC29502     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    FURMAN UNIVERSITY
    3300 POINSETT HWY
    GREENVILLE,SC296135253     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 80,000
    GEORGE WASHINGTON UNIVERSITY
    800 21ST ST NW COLONIAL CENTRAL
    WASHINGTON,DC20052     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    GEORGETOWN UNIVERSITY
    BOX 571252/G-19 HEALY HALL
    WASHINGTON,DC200571252     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    GEORGIA COLLEGE & STATE UNIVERSITY
    CAMPUS BOX 30
    MILLEDGEVILLE,GA31061     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 50,000
    GEORGIA INSTITUTE OF TECHNOLOGY
    225 NORTH AVE
    ATLANTA,GA303320460     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 189,929
    GEORGIA SOUTHERN UNIVERSITY
    PO BOX 8155
    STATESBORO,GA30460     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 155,000
    GEORGIA SOUTHERN UNIVERSITY ARMSTRONG
    VICTOR HALL ROOM 231
    SAVANNAH,GA31419     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 20,000
    GOERGIA SOUTHWESTERN STATE UNIVERSITY
    800 WHEATLEY ST
    AMERICUS,GA317094379     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    GEORGIA STATE UNIVERSITY
    PO BOX 4040
    ATLANTA,GA303024040     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 76,614
    GRINNELL COLLEGE
    1227 PARK ST 2ND FLOOR
    GRINNELL,IA50112     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    HANOVER COLLEGE
    517 BALL DR
    HANOVER,IN47243     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    HARVARD UNIVERSITY
    86 BRATTLE ST
    CAMBRIDGE,MA02138     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,000
    HOWARD UNIVERSITY
    2400 SIXTH ST NW STE 218
    WASHINGTON,DC20059     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    ILLINOIS INSTITUTE OF TECHNOLOGY
    PERLSTEIN HALL 206
    CHICAGO,IL60616     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    INDIANA UNIVERSITY BLOOMINGTON
    POPLARS BUILDING
    BLOOMINGTON,IN474051223     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    JACKSON STATE UNIVERSITY
    BF ROBERTS HALL 1ST FLOOR
    JACKSON,MS39217     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    JOHNSON AND WALES UNIVERSITY
    801 WEST TRADE ST
    CHARLOTTE,NC28202     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    KENNESAW STATE UNIVERSITY
    585 COBB AVE NW
    KENNESAW,GA30144     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 75,000
    KINGS COLLEGE
    56 BROADWAY
    NEW YORK,NY10004     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    LANDER UNIVERSITY
    320 STANLEY AVE
    LANDER,SC29649     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 65,000
    LEE UNIVERSITY
    PO BOX 3450
    CLEVELAND,TN373203450     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    LIBERTY UNIVERSITY
    PO BOX 10425
    LYNCHBURG,VA24515     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    LIMESTONE COLLEGE
    1115 COLLEGE DR
    GAFFNEY,SC29340     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    LYNN UNIVERSITY
    GREEN CENTER
    BOCA RATON,FL33431     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,109
    MANNES SCHOOL OF MUSIC
    72 FIFTH AVE
    NEW YORK,NY10011     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    MARS HILL UNIVERSITY
    PO BOX 6686
    MARS HILL,NC28754     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVE
    CAMBRIDGE,MA02139     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    MERCER UNIVERSITY
    1501 MERCER UNIVERSITY DR
    MACON,GA31207     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 42,500
    MEREDITH COLLEGE
    3800 HILLSBOROUGH ST
    RALEIGH,NC27607     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    MIDDLE GEORGIA STATE UNIVERSITY
    1100 SECOND ST SE
    COCHRAN,GA31014     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    MISSISSIPPI STATE
    GARNER HALL
    MISSISSIPPI STATE,MS39762     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 12,500
    MONTREAT COLLEGE
    PO BOX 1267
    MONTREAT,NC28757     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    MOREHOUSE COLLEGE
    830 WESTVIEW DR
    ATLANTA,GA30314     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    NEW YORK UNIVERSITY
    105 EAST 17TH ST
    NEW YORK,NY10003     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 15,000
    NORTH CAROLINA A&T STATE UNIVERSITY
    1601 E MARKET ST
    GREENSBORO,NC27411     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    NORTH CAROLINA STATE UNIVERSITY
    2016 HARRIS HALL
    RALEIGH,NC27695     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    NORTH GREENVILLE UNIVERSITY
    PO BOX 1892
    GREENVILLE,SC29688     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 42,500
    OGLETHORPE UNIVERSITY
    4484 PEACHTREE RD NE
    ATLANTA,GA30319     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 15,000
    OXFORD COLLEGE OF EMORY UNIVERSITY
    810 WHATCOAT ST
    OXFORD,GA30054     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 1,059
    PALM BEACH ATLANTIC UNIVERSITY
    901 S FLAGLER DR
    WEST PALM BEACH,FL33401     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    PITZER COLLEGE
    MCCONNELL 320
    CLAREMONT,CA917116101     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    PRESBYTERIAN COLLEGE
    503 SOUTH BROAD ST
    CLINTON,SC29325     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 27,500
    PRINCETON UNIVERSITY
    PO BOX 35
    PRINCETON,NJ08543     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    QUEENS UNIVERSITY
    1900 SELWYN AVE
    CHARLOTTE,NC28274     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    ROCHESTER INSTITUTE OF TECHNOLOGY
    56 LOMB MEMORIAL DR
    ROCHESTER,NY14263     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    ROCKY MOUNTAIN COLLEGE OF ART & DESIGN
    1600 PIERCE ST
    DENVER,CO80214     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    SALEM COLLEGE
    601 S CHURCH ST
    WINSTONSALEM,NC27101     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    SAMFORD UNIVERSITY
    800 LAKESHORE DR
    BIRMINGHAM,AL35229     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 12,500
    SARAH LAWRENCE COLLEGE
    1 MEAD WAY
    BRONXVILLE,NY107085999     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    SAVANNAH COLLEGE OF ART & DESIGN
    PO BOX 2072
    SAVANNAH,GA314023146     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 16,666
    SAVANNAH STATE
    PO BOX 20523
    SAVANNAH,GA31404     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    SCHOOL OF ART INSTITUTE OF CHICAGO
    36 S WABASH AVE
    CHICAGO,IL60603     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    SCHOOL OF VISUAL ARTS NY
    209 EAST 23 ST
    NEW YORK,NY100103994     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    SOUTHERN ADVENTIST UNIVERSITY
    PO BOX 370
    COLLEGEDALE,TN373150370     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750181
    DALLAS,TX75275     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    SPELMAN COLLEGE
    350 SPELMAN LANE SQ
    ATLANTA,GA30314     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    STANFORD UNIVERSITY
    520 LASUEN MALL
    STANFORD,CA943053021     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    TEMPLE UNIVERSITY
    PO BOX 828799
    PHILADELPHIA,PA191828799     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    TOCCOA FALLS COLLEGE
    PO BOX 800-900
    TOCCOA FALLS,GA30598     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 22,500
    TRUETT-MCCONNELL COLLEGE
    100 ALUMNI DR
    CLEVELAND,GA30528     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    TUFTS UNIVERSITY
    DOWLING HALL
    MEDFORD,MA02155     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    TUSKEGEE UNIVERSITY
    CARNEGIE HALL
    TUSKEGEE,AL36088     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    US AIR FORCE ACADEMY
    2304 CADET DR STE 2200
    USAF ACADEMY,CO808405035     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    UNIVERSITY AT BUFFALO
    232 CAPEN HALL
    BUFFALO,NY14261     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    UNIVERSITY OF ALABAMA
    BOX 870109
    TUSCALOOSA,AL554870109     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 12,500
    UNIVERSITY OF ALABAMA HUNTSVILLE
    UNIVERSITY CENTER 212
    HUNTSVILLE,AL35899     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    UNIVERSITY OF CALIFORNIA LOS ANGELES
    1147 MURPHY HALL
    LOS ANGELES,CA900951436     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    UNIVERSITY OF CHICAGO
    ADMINISTRATION BLDG 101
    CHICAGO,IL60637     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    UNIVERSITY OF DALLAS
    1845 E NORTHGATE DR
    IRVING,TX750624736     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    UNIVERSITY OF DENVER
    UNIVERSITY HALL ROOM 255
    DENVER,CO80210     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    UNIVERSITY OF FLORIDA
    PO BOX 114025
    GAINESVILLE,FL326114025     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    UNIVERSITY OF GEORGIA
    220 HOLMES/HUNTER ACADEMIC BLDG
    ATHENS,GA306026114     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 367,500
    UNIVERSITY OF MARY WASHINGTON
    1301 COLLEGE AVE
    FREDRICKSBURG,VA224015300     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    UNIVERSITY OF MICHIGAN
    2500 STUDENT ACTIVITIES BLDG
    ANN ARBOR,MI481091316     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    UNIVERSITY OF NORTH CAROLINA-CHAPEL HILL
    CB 1400
    CHAPEL HILL,NC275991400     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 12,500
    UNIVERSITY OF NORTH GEORGIA
    82 COLLEGE CIRCLE
    DAHLONEGA,GA30597     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 37,500
    UNIVERSITY OF NOTRE DAME
    115 MAIN BLDG
    NOTRE DAME,IN46556     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    UNIVERSITY OF OKLAHOMA
    1000 ASP AVE
    NORMAN,OK73019     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    UNIVERSITY OF PENNSYLVANIA
    140 FRANKLIN BLDG
    PHILADELPHIA,PA191046270     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    UNIVERSITY OF RICHMOND
    28 WESTHAMPTON WAY
    RICHMOND,VA23173     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    UNIVERSITY OF SOUTH ALABAMA MOBILE
    390 ALUMNI CIRCLE
    MOBILE,AL36688     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    700 CHILDS WAY
    LOS ANGELES,CA900890914     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    UNIVERSITY OF VIRGINIA
    PO BOX 400204
    CHARLOTTESVILLE,VA229044228     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 12,500
    UNIVERSITY OF WEST GA
    1601 MAPLE ST
    CARROLLTON,GA301184400     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 10,000
    UNIVERSITY OF SOUTH CAROLINA-AIKEN
    471 UNIVERSITY PKWY
    AIKEN,SC29801     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 97,500
    UNIVERSITY OF SOUTH CAROLINA-BEAUFORT
    801 CARTERET ST
    BEAUFORT,SC29902     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    UNIVERSITY OF SOUTH CAROLINA-COLUMBIA
    516 MAIN ST
    COLUMBIA,SC29208     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 372,500
    UNIVERSITY OF SOUTH CAROLINA-UPSTATE
    800 UNIVERSITY WAY
    SPARTANBURG,SC29303     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 77,500
    VALDOSTA STATE UNIVERSITY
    1500 N PATTERSON ST
    VALDOSTA,GA31698     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 30,000
    VANDERBILT UNIVERSITY
    2309 WEST END AVE
    NASHVILLE,TN372031725     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 7,500
    VASSAR COLLEGE
    124 RAYMOND AVE
    POUGHKEEPSIE,NY126040008     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    VILLANOVA
    800 LANCASTER AVE
    VILLANOVA,PA19085     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    WAKE FOREST UNIVERSITY
    PO BOX 7246
    WINSTONSALEM,NC27109     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 12,500
    WASHINGTON AND LEE UNIVERSITY
    23 UNIVERSITY PL
    LEXINGTON,VA24450     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    WASHINGTON UNIVERSITY IN ST LOUIS
    ONE BROOKINGS DR
    ST LOUIS,MO63130     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    WELLESLEY COLLEGE
    106 CENTRAL ST
    WELLESLEY,MA02481     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    WESLEYAN COLLEGE
    4760 FORSYTH RD
    MACON,GA312104462     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 12,500
    WESTERN CAROLINA UNIVERSITY
    118 KILLIAN ANNEX
    CULLOWHEE,NC28723     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    WESTERN KENTUCKY UNIVERSITY
    317 POTTER HALL
    BOWLING GREEN,KY421011018     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    WESTMONT COLLEGE
    955 LA PAZ RD
    SANTA BARBARA,CA93108     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    WINGATE UNIVERSITY
    CAMPUS BOX 3001
    WINGATE,NC28174     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    WINTHROP UNIVERSITY
    701 OAKLAND AVE
    ROCK HILL,SC29733     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 54,030
    WITTENBERG UNIVERSITY
    PO BOX 720
    SPRINGFIELD,OH45501     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    WOFFORD COLLEGE
    429 N CHURCH ST
    SPARTANBURG,SC293033663     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 105,000
    WORCHESTER POLYTECHNIC INSTITUTE
    100 INSTITUTE RD
    WORCHESTER,MA01609     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 2,500
    YALE UNIVERSITY
    PO BOX 208288
    NEW HAVEN,CT06520     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 9,950
    YOUNG HARRIS COLLEGE
    PO BOX 247
    YOUNG HARRIS,GA30582     		N/A PUBLIC AWARDED SHOLARSHIP GRANTS 5,000
    ABRAHAM BALDWIN AGRICULTURAL COLLEGE FOUNDATION
    1392 WHIDDON MILL RD
    TIFTON,GA31793     		N/A PUBLIC GRANT FOR CONSERVATION OF HISTORIC STEAM ENGINE 3,000
    AMERICAN UNIVERSITY
    4801 MASSACHUSETTS AVE NW
    WASHINGTON,DC20016     		N/A PUBLIC GRANT FOR DIRECT SALARY OF ASSOCIATE EDITOR 25,000
    ATLANTA HISTORICAL SOCIETY
    130 W PACES FERRY RD
    ATLANTA,GA30305     		N/A PUBLIC GRANT FOR DIRECT COST OF PURCHASING HENRY THOMAS MASSENGALE COLLECTION 300,000
    CHAPMAN CULTURAL CENTER INC
    200 EAST SAINT JOHN STREET
    SPARTANBURG,SC29306     		N/A PUBLIC GRANT FOR SOUTHERN STUDIES FELLOWSHIP IN ARTS AND LETTERS 50,000
    DRAYTON HALL PRESERVATION TRUST
    3380 ASHLEY RIVER ROAD
    CHARLESTON,SC29414     		N/A PUBLIC GRANT FOR EXTERIOR ENVELOPE PRESENTATION 56,150
    GEORGIA STATE UNIVERSITY FOUNDATION
    PO BOX 2668
    ATLANTA,GA30301     		N/A PUBLIC GRANT FOR DIRECT COSTS OF CONVERTING AND STORING 8MM & 16MM FILMS 143,300
    HISTORIC AUGUSTA INC
    PO BOX 37
    AUGUSTA,GA30903     		N/A PUBLIC GRANT FOR DEMOLITION OF INTERIOR OF CONGREGATION CHILDREN OF ISRAEL SYNAGOGUE 50,000
    PALMETTO TRUST FOR HISTORIC PRESERVATION
    117 GRACE STREET
    PROSPERITY,SC29127     		N/A PUBLIC PRESERVATION OF HISTORIC TRINITY CHURCH STEEPLE 125,000
    TROY UNIVERSITY FOUNDATION
    301 ADAMS ADMINISTRATION BLDG
    TROY,AL36082     		N/A PUBLIC GRANT FOR PUBLISHING COSTS OF "NALL AT TROY: AN INTERNATIONALLY REGARDED ALABAMA ARTIST COMES HOME" BOOK 20,000
    UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION
    1027 BARNWELL ST
    COLUMBIA,SC29201     		N/A PUBLIC DIRECT COSTS OF GRADUATE RESEARCH ASSISTANSHIP 35,382
    BANKS COUNTY HISTORICAL SOCIETY INC
    PO BOX 473
    HOMER,GA30547     		N/A PUBLIC ATHENS JR. BOARD GRANT - REPAIRS TO HISTORIC JAIL 6,000
    CITY OF COMMERCECOMMERCE PUBLIC LIBRARY
    1344 SOUTH BROAD ST
    COMMERCE,GA30529     		N/A PUBLIC ARCHIVAL SUPPLIES 500
    HISTORICAL SOCIETY OF WALTON COUNTY INC
    PO BOX 1733
    MONROE,GA30655     		N/A PUBLIC EXTERIOR PAINTING OF DAVIS-EDWARD HOUSE 6,345
    LEXINGTON HISTORIC PRESERVATION COMMISSION
    PO BOX 174
    LEXINGTON,GA30648     		N/A PUBLIC HISTORIC RESOURCES STUDY COST 6,000
    NORTHEAST GEORGIA HISTORY CENTER AT BRENAU UNIVERSITY INC
    PO BOX 1451
    GAINESVILLE,GA30503     		N/A PUBLIC CARING FOR ARTIFACTS 5,285
    WILLIAM HARRIS HOMESTEAD FOUNDATION INC
    3636 GEORGIA HWY 11
    MONROE,GA30656     		N/A PUBLIC INSTALLATION OF LIGHTING 2,150
    FRIENDS OF THE CANNONBALL HOUSE INC
    856 MULBERRY ST
    MACON,GA31201     		N/A PUBLIC REPAINTING THE HOUSE 3,000
    LOCKERLY ARBORETUM FOUNDATION INC
    1534 IRWINGTON RD
    MILLEDGEVILLE,GA31061     		N/A PUBLIC CONSTRUCT A HANDICAP LIFT 13,000
    MILLEDGEVILLE-BALDWIN CO ALLIED ARTS INC
    201 N WAYNE ST
    MILLEDGEVILLE,GA31061     		N/A PUBLIC EXTERIOR REPAIRS TO GRIFFIN/BAUGH COTTAGE 8,435
    SANDERSVILLE SCHOOL BUILDING AUTHORITY
    PO BOX 5923
    SANDERSVILLE,GA31082     		N/A PUBLIC CONSERVATION OF 8 CHANDELIERS 8,500
    SANDERSVILLE SCHOOL BUILDING AUTHORITY
    PO BOX 5923
    SANDERSVILLE,GA31082     		N/A PUBLIC RETURN EXCESS FUNDS FROM 2019 GRANT -476
    SPARTA-HANCOCK COUNTY HISTORICAL SOCIETY
    9687 JONES ST
    SPARTA,GA31087     		N/A PUBLIC RETURN OF FUNDS FROM 2019 GRANT -5,000
    EDGEFIELD COUNTY HISTORICAL SOCIETY INC
    PO BOX 174
    EDGEFIELD,SC29824     		N/A PUBLIC RESTORATION OF FLOORS AT HISTORIC HORN'S CREEK CHURCH 5,000
    FREE AND ACCEPTED MASONS OF GEORGIALAFAYETTE LODGE #23
    PO BOX 1305
    WASHINGTON,GA306735240     		N/A PUBLIC REPAIRS TO LAFAYETTE LODGE #23 BUILDING 6,000
    LINCOLN COUNTY HISTORICAL SOCIETY
    PO BOX 869
    LINCOLNTON,GA30817     		N/A PUBLIC REPAIRS TO HISTORIC WRIGHT HOUSE 6,000
    CHURCHWARDEN AND VESTRYMEN OF THE EPISCOPAL CHURCH IN AUGUSTA CALLED ST PA
    605 REYNOLDS ST
    AUGUSTA,GA30901     		N/A PUBLIC MASONRY REPAIRS TO HISTORIC SOUTH FENCE WALL 4,350
    CITY OF WASHINGTON
    PO BOX 9
    WASHINGTON,SC30673     		N/A PUBLIC MASONRY REPAIRS TO THE WARMIN KITCHEN AT CALLAWAY PLANTATION 8,795
    WILKES COUNTY GA
    23 COURT ST RM 222
    WASHINGTON,GA30673     		N/A PUBLIC REPAIRS TO DRYWELL AT ROBERT TOOMBS HOUSE 2,787
    Total .................................bullet 3a 4,740,237
    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
    aHICKORY HILL MUSEUM TOUR/OTHER          
    bSUMMER CAMPS          
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 63  
    4 Dividends and interest from securities....     14 2,004,270  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 19,528  
    6 Net rental income or (loss) from personal property          
    7 Other investment income..... 531390 0 16 420,006  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 7,254,301  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory         -194
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 9,698,168 -194
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    9,697,974
    (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.)
    1A TOURS OF HICKORY HILL, HISTORIC HOME OF THOMAS E. WATSON
    1B TEACHER WORKSHOP TO TRAIN IN THE USE OF PRIMARY SOURCE MATERIALS
    1B ENVIRONMENTAL AND ARCHEOLOGICAL EDUCATION OF CHILDREN AND YOUNG ADULTS
    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


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 37,200 18,600   18,600

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    TY 2020 DepreciationSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    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
    ALL ASSETS PRIOR TO 12/31/19 2019-12-31 17,801,533 6,101,153 SL 0 % 501,922 0    
    LAND   4,093,951   L   0 0    
    2020 BLDG. IMPROVEMENTS 2020-01-01 189,119   SL 39.000000000000 1,622 0    
    2020 FURNITURE & FIXTURES 2020-01-01 52,588   SL 10.000000000000 1,883 0    
    2020 LANDSCAPE IMPROVEMENTS 2020-01-01 62,136   SL 15.000000000000 1,079 0    
    2020 COMPUTER 2020-01-01 10,630   SL 5.000000000000 1,835 0    
    2020 LAWN EQUIPMENT 2020-01-01 4,905   SL 7.000000000000 249 0    

    TY 2020 InvestmentsOtherSchedule2
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    TIMBER AT COST 2,233,522 1,447,108
    LAND AT COST 117,913 93,600
    MERCER GLOBAL MULTI-ASSET FUND, LLC AT COST 84,273,932 96,152,928
    MERCER HEDGE FUND INVESTOR AT COST 11,480,965 17,921,888
    MERCER PRIVATE INVESTMENT PARTNER II, LP AT COST 3,331,949 3,044,489
    MONTAUK TRIGUARD FUND V LP AT COST 195,729 230,774
    PORTFOLIO ADVISORS PRIVATE EQUITY FND VII AT COST 913,884 1,480,612
    MERCER PRIVATE INVESTMENT PARTNER III, LP AT COST 1,924,936 2,142,795
    NB CROSSROADS FUND XX AT COST 1,419,007 2,180,111
    NB SECONDARY OPP FUND III AT COST 0 673,275
    PRINCIPAL REAL ESTATE DEBT FD AT COST 42,808 40,322
    MONTAUK TRIGUARD FUND VI LP AT COST 771,365 756,010
    H/2 SPECIAL OPP. III, LP AT COST 567,039 303,205
    MERCER PRIVATE INVESTMENT PARTNER IV, LP AT COST 2,295,798 3,178,632
    MERCER GLOBAL OPPORTUNITIES LTD AT COST 6,500,000 11,856,101
    AUDAX DIRECT LENDING SOULUTIONS AT COST 1,243,481 1,215,272
    DEERPATH CAPITAL ADVANTAGE IV AT COST 2,087,996 1,886,364
    MERCER PRIVATE INVESTMENT PARTNER V, LP AT COST 1,571,465 1,834,421

    TY 2020 LandEtcSchedule2
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    ALL ASSETS PRIOR TO 12/31/19 17,801,533 6,603,075 11,198,458  
    LAND 4,093,951 0 4,093,951  
    2020 BLDG. IMPROVEMENTS 189,119 1,622 187,497  
    2020 FURNITURE & FIXTURES 52,588 1,883 50,705  
    2020 LANDSCAPE IMPROVEMENTS 62,136 1,079 61,057  
    2020 COMPUTER 10,630 1,835 8,795  
    2020 LAWN EQUIPMENT 4,905 249 4,656  


    TY 2020 LegalFeesSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,319 659   660


    TY 2020 MortgagesAndNotesPayableSch
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name US BANK
    Lender's Title  
    Relationship to Insider N/A
    Original Amount of Loan 4,000,000
    Balance Due 0
    Date of Note 2011-09
    Maturity Date 2012-09
    Repayment Terms 12 MONTHS
    Interest Rate 2.100000000000
    Security Provided by Borrower US BANK NATIONAL ASSOC. TRUST & CUSTODY ACCT. #001050975880
    Purpose of Loan TO PURCHASE HISTORICAL PROPERTY
    Description of Lender Consideration  
    Consideration FMV  


    TY 2020 OtherAssetsSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ARTWORK 267,913 312,114 312,114
    TIMBER - HARDWOOD 208,883 208,883 158,808
    HICKORY HILL LIBRARY 40,001 40,001 40,001


    TY 2020 OtherExpensesSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REPAIRS & MAINTENANCE 93,704 708   92,996
    TELEPHONE 20,595 822   19,773
    SECURITY SYSTEM 5,155 59   5,096
    SUPPLIES 10,733 174   10,559
    DUES & SUBSCRIPTIONS 15,801 32   15,769
    PROPERTY INSURANCE 52,137 1,955   50,182
    POSTAGE & DELIVERY 2,269 35   2,234
    CLEANING & LANDSCAPE EXPENSE 156,328 0   156,328
    UTILITIES 71,393 1,276   71,117
    MEALS (50% DEDUCTIBLE) 2,866 0   2,866
    MEALS (50% NONDEDUCTIBLE) 2,866 0   2,866
    COMPUTER & WEBSITE EXPENSE 14,361 577   13,783
    EMPLOYMENT SCREENING 96 0   96
    OFFICE EXPENSES 18,831 620   18,210
    GROUNDS EQUIPMENT REPAIRS AND MAINT. 16,532 0   16,532
    INSURANCE 126,353 7,334   119,019
    D & O INSURANCE 7,446 745   6,701
    TRUCK INSURANCE 2,331 0   2,331
    SPECIAL EVENTS - COMMUNITY/SOUTHERN STUDIES/EDUCATIONAL 111,027 209   110,818
    UNIFORMS 28 0   28
    EDUCATION & SAFETY 7 0   7
    BANK FEES 643 6   637
    NON-DEDUCTABLE EXPENSES 4,195 0   0
    PASSTHROUGH EXPENSES - MERCER PIP II,LLC 65,640 65,640   0
    SEC. 212 PORTFOLIO FEES - MERCER GLOBAL MUTLI ASSET FUND 180,750 180,750   0
    PASSTHROUGH EXPENSES - MONTAUK TRIGUARD FND V,LP 4,631 4,631   0
    CONSERVATION 28,129 0   28,129
    PASSTHROUGH EXPENSES - MERCER PIP III,LLC 36,614 36,614   0
    PASSTHROUGH EXPENSES - NB CROSSROAD FUND XX 37,122 37,122   0
    PASSTHROUGH EXPENSES - MONTAUK TRIGUARD FND VI, LP 17,438 17,438   0
    PASSTHROUGH EXPENSES - H/2 SPECIAL OPP. III, LP 336 336   0
    PASSTHROUGH EXPENSES - PRINCIPAL REAL ESTATE DEBT FD, LP 315 315   0
    PASSTHROUGH EXPENSES - MERCER PIP IV,LLC 65,621 65,621   0
    PASSTHROUGH EXPENSES - MERCER PIP V, LLC 72,786 72,786   0
    PASSTHROUGH EXPENSES - DEERPATH CAPITAL ADVANTAGE FUND 56,188 56,188   0
    PASSTHROUGH EXPENSES - AUDAX DIRECT LENDING SOLUTIONS FD 78,848 78,848   0
    PASSTHROUGH EXPENSES - CONTRIBUTIONS 236 0   236
    PASSTHROUGH EXPENSES - MERCER PIP VI LLC 27,800 27,800   0
    NON-DEDUCTABLE TAX BASIS CONVERSION 32,991 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PASSTHROUGH-MERCER PIP II,LP-ORD. INCOME 183 183 183
    PASSTHROUGH-MERCER PRIVATE INVESTMENT PARTNERS II,LP -5 -5 -5
    PASSTHROUGH-MERCER PIP II,LP-ROYALTIES 17,240 17,240 17,240
    PASSTHROUGH-MERCER PIP II,LP-OTHER PORTFOLIO INC. -2,873 -2,873 -2,873
    PASSTHROUGH-MONTAUK TRIGUARD FUND V,LP-ORD. INCOME -1,300 -1,300 -1,300
    PASSTHROUGH-MONTAUK TRIGUARD FUND V,LP-RENTAL REAL ESTATE -20 -20 -20
    PASSTHROUGH-MONTAUK TRIGUARD FUND V,LP-ROYALITIES 20 20 20
    PASSTHROUGH-MONTAUK TRIGUARD FUND V,LP-COD 99 99 99
    PASSTHROUGH-MONTAUK TRIGUARD FUND V,LP-OTHER PORTFOLIO INC. 46 46 46
    PASSTHROUGH-MONTAUK TRIGUARD FUND V,LP-OTHER INCOME 5,490 5,490 5,490
    PASSTHROUGH-MONTAUK TRIGUARD FUND V-GAURANTEED PAYMENT 2 2 2
    PASSTHROUGH-MONTAUK TRIGUARD FUND VI-OTHER PORTFOLIO INCOME -1,161 -1,161 -1,161
    PASSTHROUGH-MONTAUK TRIGUARD FUND VI-OTHER INCOME 1,938 1,938 1,938
    PASSTHROUGH-MERCER PIP II,LP-ORD. INCOME -64 0 -64
    PASSTHROUGH-MONTAUK TRIGUARD FUND V,LP-ORD. INCOME -2,991 0 -2,991
    PASSTHROUGH-MONTAUK TRIGUARD FUND VI-ORD. INCOME -16,837 0 -16,837
    PASSTHROUGH-MONTAUK TRIGUARD FUND VI-RENTAL REAL ESTATE INCOME -1,837 -1,837 -1,837
    PASSTHROUGH-NB CROSSROADS FUND XX-OTHER PORTFOLIO -285 -285 -285
    PASSTHROUGH-MERCER PRIVATE INVESTMENT III-ORD. INCOME -14,166 -14,166 -14,166
    PASSTHROUGH-MERCER PRIVATE INVESTMENT III-ORD. INCOME 10,043 0 10,043
    PASSTHROUGH-MERCER PRIVATE INVESTMENT III-OTHER PORTFOLIO INCOME -248 -248 -248
    PASSTHROUGH-MONTAUK TRIGUARD FUND VI-COD 318 318 318
    PASSTHROUGH-MERCER PRIVATE INVESTMENT III-ROYALTIES 5,306 5,306 5,306
    PASSTHROUGH-MERCER PIP II,LP-SUBPART F INCOME 298 298 298
    PASSTHROUGH-MERCER PRIVATE INVESTMENT PARTNERS VI - DEBT FINANCED -9,229 0 -9,229
    PASSTHROUGH-MERCER PIP II,LP- OTHER INCOME 9,962 9,962 9,962
    PASSTHROUGH-MONTAUK TRIGUARD FUND VI,LP-GAURANTEED PAYMENT 91 91 91
    PASSTHROUGH-NB CROSSROADS FUND XX-OTHER INCOME 368 368 368
    PASSTHROUGH-DEERPATH CAPITAL ADVANTAGE IV, LP-OTHER PORTFOLIO INCOME 182,889 182,889 182,889
    PASSTHROUGH-MONTAUK TRIGUARD FUND VI-ROYALITIES 172 172 172
    PASSTHROUGH-H/2 SPECIAL OPP. III LP-OTHER INCOME 338 338 338
    PASSTHROUGH-MERCER PIP IV LP FUND-ORD. INCOME -14,385 0 -14,385
    PASSTHROUGH-MERCER PIP IV LP FUND-ORD. INCOME 9,809 9,809 9,809
    PASSTHROUGH-MERCER PIP IV LP FUND-RENTAL INCOME -1,026 -1,026 -1,026
    PASSTHROUGH-MERCER PIP IV LP FUND-ROYALITIES -1,552 -1,552 -1,552
    PASSTHROUGH - MERCER PIP IV FUND-OTHER INCOME -1,733 -1,733 -1,733
    PASSTHROUGH-MONTAUK TRIGUARD FUND VI,LP-TAX EXEMPT INCOME 305 0 305
    PASSTHROUGH-MERCER PIP V LP - OTHER INCOME 380 380 380
    PASSTHROUGH-NB CROSSROADS FUND XX-ROYALTIES 1,372 1,372 1,372
    PASSTHROUGH-MERCER PRIVATE INVESTMENT III-TAX EXEMPT 306 0 306
    PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS III-OTHER INCOME 28,034 28,034 28,034
    PASSTHROUGH - MERCER PIP V FUND-ROYALITIES 4,040 4,040 4,040
    PASSTHROUGH - MERCER PIP V FUND-ORD INCOME -3,525 0 -3,525
    PASSTHROUGH - MERCER PIP V FUND-ORD INCOME 3,132 3,132 3,132
    PASSTHROUGH-NB CROSSROADS FUND XX-TAX EXEMPT INCOME 2 0 2
    PASSTHROUGH - MERCER PIP IV FUND-TAX EXEMPT INCOME 127 0 127
    PASSTHROUGH-MERCER PRIVATE INVESTMENT PARTNERS VI - DEBT FINANCED 9,229 9,229 9,229
    PASSTHROUGH- AUDAX DIRECT LENDING SOLUTIONS FD - OTHER INCOME 202,833 202,833 202,833
    PASSTHROUGH - MERCER PRIVATE INVESTMENT PARTNERS III-RENTAL REAL ESTATE -1,129 -1,129 -1,129


    TY 2020 OtherLiabilitiesSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Description Beginning of Year - Book Value End of Year - Book Value
    SALES TAX PAYABLE 60 0
    PAYROLL TAX PAYABLE 2 9,887
    NB SECONDARY OPP FUND III 0 142,721
    MERCER PRIVATE INVESTMENT PARTNER VI, LP 0 28,577


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 237,872 237,872   0
    CONSULTANT FEES 9,969 0   9,969
    ARCHEOLOGICAL WORK/FELLOWSHIP 700 0   700
      0 0   0


    TY 2020 TaxesSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAX 6,482 109   6,373
    PAYROLL TAXES 57,123 3,837   53,286
    FOREIGN TAXES PAID - PASSTHROUGH INVESTMENTS 50,720 50,720   0