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 ASLAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)5107 HOMBERG DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
KNOXVILLE, TN37919
A Employer identification number

62-1520208
B Telephone number (see instructions)

(865) 524-6360
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$118,721,248J 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) 10,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 73,861 67,611  
4 Dividends and interest from securities... 1,425,156 1,425,156  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,182,181
b Gross sales price for all assets on line 6a 2,356,409
7 Capital gain net income (from Part IV, line 2)... 2,182,181
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 34,809 15,009  
12 Total. Add lines 1 through 11........ 3,726,007 3,689,957  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 629,011 11,951   617,060
15 Pension plans, employee benefits....... 68,692 1,299   67,394
16a Legal fees (attach schedule)......... Click to see attachment 121,452     135,176
b Accounting fees (attach schedule)....... Click to see attachment 53,977 4,067   49,030
c Other professional fees (attach schedule).... Click to see attachment 350,196 165,732   207,141
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 121,483 30,849   46,664
19 Depreciation (attach schedule) and depletion... Click to see attachment 792,801    
20 Occupancy.............. 82,443     85,551
21 Travel, conferences, and meetings....... 17,542     21,111
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 819,661 59,407   806,308
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,057,258 273,305   2,035,435
25 Contributions, gifts, grants paid....... 361,543 858,718
26 Total expenses and disbursements. Add lines 24 and 25 3,418,801 273,305   2,894,153
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 307,206
b Net investment income (if negative, enter -0-) 3,416,652
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............. 273,650 58,866 58,866
2 Savings and temporary cash investments......... 1,410,646 1,247,296 1,247,296
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 54,389 104,015 104,015
10a Investments—U.S. and state government obligations (attach schedule) 1,696,712 Click to see attachment1,527,979 1,527,979
b Investments—corporate stock (attach schedule)....... 82,480,716 Click to see attachment78,705,724 78,705,724
c Investments—corporate bonds (attach schedule)....... 781,754 Click to see attachment802,436 802,436
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,488,533 Click to see attachment1,507,637 1,507,637
14 Land, buildings, and equipment: basis bullet34,751,902
Less: accumulated depreciation (attach schedule) bullet1,812,070 27,578,456 Click to see attachment32,939,832 34,751,902
15 Other assets (describe bullet) Click to see attachment122,167 Click to see attachment15,393 Click to see attachment15,393
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 116,887,023 116,909,178 118,721,248
Liabilities 17 Accounts payable and accrued expenses.......... 949,928 63,028
18 Grants payable................. 1,693,645 1,071,470
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) Click to see attachment145,554 Click to see attachment750
23 Total liabilities (add lines 17 through 22)......... 2,789,127 1,135,248
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........... 114,097,896 115,773,930
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)..... 114,097,896 115,773,930
30 Total liabilities and net assets/fund balances (see instructions). 116,887,023 116,909,178
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
114,097,896
2
Enter amount from Part I, line 27a .....................
2
307,206
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,368,828
4
Add lines 1, 2, and 3 ..........................
4
115,773,930
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
115,773,930
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 RCP FUND V LP CAPITAL LOSS P    
b FAIRWAY R.A.F. I LP CAPITAL GAIN P    
c CAPITAL GAIN DISTRIB 4350 P    
d CAPITAL GAIN 5051 P    
e CAPITAL GAIN 4350 P    
RCP FUND V LP SECTION 1231 P    
LOSS ON ABANDONMENT OF ASSET P    
FAIRWAY R.A. F. I LP SECTION 1231 P    
OVATION ALT INC FUND LP CAPITAL LOSS P    
OVATION ALT INC FUND LP SECTION 1231 P    
(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     54,152 -54,152
b 81,014     81,014
c 11,939     11,939
d 275,392     275,392
e 1,985,094     1,985,094
491     491
    88,338 -88,338
2,447     2,447
    31,738 -31,738
32     32
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       -54,152
b       81,014
c       11,939
d       275,392
e       1,985,094
      491
      -88,338
      2,447
      -31,738
      32
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 2,182,181
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 47,491
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 47,491
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 47,491
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 60,973
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 21,100
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 82,073
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 34,582
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet34,582 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
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)
    bulletTN
    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.ASLANFOUNDATION.ORG
    14
    The books are in care ofbulletSTEPHANIE MCANINCH Telephone no.bullet (865) 524-6360

    Located atbullet5107 HOMBERG DRIVEKNOXVILLETN ZIP+4bullet37919
    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
     
     
    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
     
    No
    .........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
    LINDSAY Y MCDONOUGH VICE-PRESIDE
    5.00     		0 0 0
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    MARK K WILLIAMS SECRETARY
    5.00     		0 0 0
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    ROBERT S YOUNG PRESIDENT
    5.00     		0 0 0
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    JIM MCDONOUGH DIRECTOR
    5.00     		0 0 0
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    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
    ANDREA BAILEY EXECUTIVE DI
    40.00     		175,405 11,798  
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    SARAH SWINFORD EMPLOYEE
    40.00     		95,335 9,269  
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    RANDALL COFFEY EMPLOYEE
    40.00     		72,557 7,516  
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    HICKORY CONSTRUCTION INC CONSTRUCTION 738,488
    124 KENT PLACE
    ALCOA,TN37701
    JOHNSON & GALYON INC CONSTRUCTION 584,053
    PO BOX 3070
    KNOXVILLE,TN37917
    SANDERS PACE ARCHITECTURE ARCHITECTURE 325,971
    514 W JACKSON AVENUE
    KNOXVILLE,TN37902
    M3 TECHNOLOGY GROUP INC INSTALLATION 150,744
    925 AIRPARK CENTER DRIVE
    NASHVILLE,TN37217
    GREENSTALK LANDSCAPING 136,224
    300 FOX ROAD
    KNOXVILLE,TN37922
    Total number of others receiving over $50,000 for professional services.............bullet7
    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 EUGENIA WILLIAMS PROJECT: RESTORATION OF HISTORIC BUILDING AND GROUNDS TO PRESERVE ITS REGIONAL AND NATIONAL SIGNIFICANCE FOR PUBLIC USE AND BENEFIT. 4,419,863
    2 LOGHAVEN ARTIST RESIDENCY: SERVING ARTISTS BY PROVIDING TIME AND SPACE TO WORK, THEREBY FACILITATING THE CREATION OF NEW WORK FOR THE PUBLIC. 1,855,590
    3 CANDORO MARBLE BUILDING: REHABILITATION OF HISTORIC BUILDING TO PRESERVE ITS REGIONAL AND NATIONAL SIGNIFICANCE FOR PUBLIC USE AND BENEFIT. 1,148,879
    4 RIVER BLUFF: CONTINUED PLANNING AND IMPLEMENTATION OF A NEW GATEWAY FOR RIVER BLUFF PARK TO INCREASE PARK LAND AND PRESERVE THE REGIONAL AND NATIONAL SIGNIFICANCE OF ARMSTRONG HILL FOR PUBLIC USE AND BENEFIT. 153,903
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    77,771,904
    b
    Average of monthly cash balances.......................
    1b
    594,528
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    78,366,432
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    78,366,432
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,175,496
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    77,190,936
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,859,547
    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
    3,859,547
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    47,491
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    47,491
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,812,056
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,812,056
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,812,056
    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
    2,894,153
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    6,242,515
    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
    9,136,668
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    9,136,668
    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 3,812,056
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 1,096,648
    e From 2019...... 8,196,244
    fTotal of lines 3a through e........ 9,292,892
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 9,136,668
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 3,812,056
    e Remaining amount distributed out of corpus 5,324,612
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 14,617,504
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		14,617,504
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 1,096,648
    d Excess from 2019.... 8,196,244
    e Excess from 2020.... 5,324,612
    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).)
    LINDSAY Y MCDONOUGH
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    APPLICATIONS TO BE SUBMITTED ONLINE
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    (865) 524-6360
    ASLAN.SMARTSIMPLE.COM
    bThe form in which applications should be submitted and information and materials they should include:
    FOUNDATIONS'S ONLINE GRANT APPLICATION
    cAny submission deadlines:
    NONE
    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
    APPALACHIAN MOUNTAIN BIKE CLUB
    123 S GAY STREET
    KNOXVILLE,TN37902     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 15,000
    BIG EARS FESTIVAL
    900 S GAY ST SUITE 1001
    KNOXVILLE,TN37902     		N/A 501(C)(3) RESTRICTED GRT - BIG EARS MUSIC FEST 125,000
    IJAMS NATURE CENTER
    2915 ISLAND HOME AVENUE
    KNOXVILLE,TN37920     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 42,645
    KNOXVILLE HISTORY PROJECT
    516 W VINE AVENUE
    KNOXVILLE,TN37902     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 20,000
    KNOXVILLE MUSEUM OF ART
    1050 WORLDS FAIR PARK
    KNOXVILLE,TN37902     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 33,000
    KNOXVILLE OPERA COMPANY
    612 E DEPOT AVENUE
    KNOXVILLE,TN37917     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 65,000
    KNOXVILLE SYMPHONY ORCHESTRA
    100 S GAY ST SUITE 302
    KNOXVILLE,TN37902     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 45,000
    VESTAL BOYS & GIRLS CLUB
    967 IRWIN STREET
    KNOXVILLE,TN37917     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 25,000
    YOUNG-WILLIAMS ANIMAL CENTER
    3201 DIVISION STREET
    KNOXVILLE,TN37919     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 325,000
    A STEP AHEAD
    4660 OLD BROADWAY
    KNOXVILLE,TN37918     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 18,000
    MARBLE CITY OPERA
    2548 LOST TREE LANE
    KNOXVILLE,TN37917     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 12,000
    BIG BROTHERS BIG SISTERS OF EAST TN
    318 N GAY ST SUITE 100
    KNOXVILLE,TN37917     		N/A 501(C)(3) MICRO GRANT 2020 4,000
    KEEP KNOXVILLE BEAUTIFUL
    2743 WIMPOLE AVENUE B
    KNOXVILLE,TN37914     		N/A 501(C)(3) MICRO GRANT 2020 2,000
    KNOX HERITAGE INC
    3245 KINGSTON PIKE
    KNOXVILLE,TN37919     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 40,550
    KNOXVILLE CHILDREN'S THEATRE INC
    109 E CHURCHWELL AVENUE
    KNOXVILLE,TN37917     		N/A 501(C)(3) MICRO GRANT 2020 2,000
    CONTRIB FROM RCP FUND V K-1
    353 N CLARK ST STE 3500
    CHICAGO,IL60654     		N/A 501(C)(3) CONTRIBUTION 13
    CIRCLE MODERN DANCE
    100 SOUTH GAY ST STE 100
    KNOXVILLE,TN37902     		N/A 501(C)(3) MICRO-GRANT 2020 2,000
    EAST TENNESSEE TECHNOLOGY ACCESS CT
    116 CHILDRESS STREET
    KNOXVILLE,TN37920     		N/A 501(C)(3) MICRO GRANT 2020 2,000
    FRIENDS OF THE SMOKIES
    PO BOX 1660
    KODAK,TN37764     		N/A 501(C)(3) CONTRIBUTION 830
    KNOXVILLE HISTORY PROJECT
    516 W VINE AVENUE
    KNOXVILLE,TN37902     		N/A 501(C)(3) CONTRIBUTION 100
    TENNESSEE STAGE COMPANY
    PO BOX 1186
    KNOXVILLE,TN37901     		N/A 501(C)(3) MICRO GRANT 2020 1,500
    TRI STAR ARTS
    PO BOX 40487
    NASHVILLE,TN37204     		N/A 501(C)(3) CONTRIBUTION 80
    VOLUNTEER MINISTRY CENTER
    511 N BROADWAY
    KNOXVILLE,TN37917     		N/A 501(C)(3) MICRO GRANT 2020 4,000
    WESLEY HOUSE COMMUNITY CENTER
    1719 REYNOLDS STREET
    KNOXVILLE,TN37921     		N/A 501(C)(3) MICRO GRANT 2020 4,000
    AMY LAM
    3813 SE 60TH AVE
    PORTLAND,OR97206     		N/A I ARTIST GRANT 8,000
    ANGELICA NEGRON
    1198 HALSEY ST APT 1
    BROOKLYN,NY11207     		N/A I ARTIST GRANT 6,000
    CALVIN BRETT
    257 LOCHRIDGE DRIVE
    DURHAM,NC27713     		N/A I ARTIST GRANT 8,000
    CRAIG SHEPARD
    1880 MCCLURES GAP RD
    CARLISLE,PA17026     		N/A I ARTIST GRANT 8,000
    HAROLD DANIEL MCCORMICK
    219 SCENIC ROAD
    FAIRFAX,CA94930     		N/A I ARTIST GRANT 8,000
    MARY AGNES O'BRIEN
    219 SCENIC ROAD
    FAIRFAX,CA94930     		N/A I ARTIST GRANT 8,000
    MARY ADLWYTH
    2043 DEER ISLAND
    HILTON HEAD,SC29928     		N/A I ARTIST GRANT 8,000
    NIC KAY
    834 WARREN STREET APT 1
    HUDSON,NY12534     		N/A I ARTIST GRANT 4,000
    RHONDA WHEATLEY
    4800 S CHICAGO BEACH DR
    APT 2115N
    CHICAGO,IL60615     		N/A I ARTIST GRANT 6,000
    SANDRA BREWSTER
    182 SYMINGTON AVE
    TORONTO,ONTARIO  
    CA     		N/A I ARTIST GRANT 6,000
    Total .................................bullet 3a 858,718
    bApproved for future payment
    APPALACHIAN MOUNTAIN BIKE CLUB
    123 S GAY STREET
    KNOXVILLE,TN37902     		N/A 501(C)(3) 2021 GRANT 25,000
    BLOUNT MANSION ASSOCIATION
    PO BOX 1703
    KNOXVILLE,TN37901     		N/A 501(C)(3) 2021 GRANT 5,000
    BOYS AND GIRLS CLUBS OF TN VALLEY
    967 IRWIN STREET
    KNOXVILLE,TN37917     		N/A 501(C)(3) 2021 GRANT 20,000
    IJAMS NATURE CENTER
    2915 ISLAND HOME AVENUE
    KNOXVILLE,TN37920     		N/A 501(C)(3) 2021 GRANT 40,000
    KNOXVILLE HISTORY PROJECT
    516 W VINE AVENUE
    KNOXVILLE,TN37902     		N/A 501(C)(3) 2021 GRANT 15,000
    YOUNG WILLIAMS
    3201 DIVISION STREET
    KNOXVILLE,TN37919     		N/A 501(C)(3) 2021 GRANT 25,000
    INTERFAITH HEALTH CLINIC
    315 GILL AVENUE
    KNOXVILLE,TN37917     		N/A 501(C)(3) 2021 GRANT 35,000
    KNOXVILLE FAMILY JUSTICE CENTER
    400 HARRIET TUBMAN
    KNOXVILLE,TN37915     		N/A 501(C)(3) 2021 GRANT 13,470
    SECOND HARVEST FOOD BANK
    136 HARVEST LANE
    MARYVILLE,TN37801     		N/A 501(C)(3) 2021 GRANT 50,000
    Total .................................bullet 3b 228,470
    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 73,861  
    4 Dividends and interest from securities....     14 1,425,156  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,182,181  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOVATION ALT INC FD LP ORD I     		    14 -4,936  
    bOVATION ALT INC FD LP ORD-U 525990 10,308      
    cOVATION ALT INC FD LP 1231- 525990 15      
    dOVATION ALT INC FD LP OTH I     14 683  
    eFAIRWAY R.A.F. I LP ORD INC     14 -930  
    fFAIRWAY R.A.F. I LP ORD INC 525990 -342      
    gFAIRWAY R.A.F. I LP OTHER I     14 476  
    hFAIRWAY R.A.F. I LP ROYALTI     14 23,096  
    iMISC INCOME     1    
    jRCP FUND V LP ORD INCOME     14 -7,198  
    kRCP FUND V LP ORD INCOME - 525990 10,396      
    lRCP FUND V LP OTHER INCOME     14 56  
    mRCP FUND V LP ROYALTIES     14 52  
    nFAIRWAY R.A.F. I LP RENTAL     14 4,384  
    oOVATION ALT INC FD LP RENTA     14 -681  
    pOVATION ALT INC FD LP RTL-U 525990 -577      
    qRCP FUND V LP RENTAL     14 7  
    rFAIRWAY R.A.F. I LP GAIN-UB 525990        
    12 Subtotal. Add columns (b), (d), and (e).. 19,800 3,696,207  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,716,007
    (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

    Form 990PF Part XV Line 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
    APPALACHIAN MOUNTAIN BIKE CLUB123 S GAY STREET
    KNOXVILLE,TN37902     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 15,000
    BIG EARS FESTIVAL900 S GAY ST SUITE 1001
    KNOXVILLE,TN37902     		N/A 501(C)(3) RESTRICTED GRT - BIG EARS MUSIC FEST 125,000
    IJAMS NATURE CENTER2915 ISLAND HOME AVENUE
    KNOXVILLE,TN37920     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 42,645
    KNOXVILLE HISTORY PROJECT516 W VINE AVENUE
    KNOXVILLE,TN37902     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 20,000
    KNOXVILLE MUSEUM OF ART1050 WORLDS FAIR PARK
    KNOXVILLE,TN37902     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 33,000
    KNOXVILLE OPERA COMPANY612 E DEPOT AVENUE
    KNOXVILLE,TN37917     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 65,000
    KNOXVILLE SYMPHONY ORCHESTRA100 S GAY ST SUITE 302
    KNOXVILLE,TN37902     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 45,000
    VESTAL BOYS & GIRLS CLUB967 IRWIN STREET
    KNOXVILLE,TN37917     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 25,000
    YOUNG-WILLIAMS ANIMAL CENTER3201 DIVISION STREET
    KNOXVILLE,TN37919     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 325,000
    A STEP AHEAD4660 OLD BROADWAY
    KNOXVILLE,TN37918     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 18,000
    MARBLE CITY OPERA2548 LOST TREE LANE
    KNOXVILLE,TN37917     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 12,000
    BIG BROTHERS BIG SISTERS OF EAST TN318 N GAY ST SUITE 100
    KNOXVILLE,TN37917     		N/A 501(C)(3) MICRO GRANT 2020 4,000
    KEEP KNOXVILLE BEAUTIFUL2743 WIMPOLE AVENUE B
    KNOXVILLE,TN37914     		N/A 501(C)(3) MICRO GRANT 2020 2,000
    KNOX HERITAGE INC3245 KINGSTON PIKE
    KNOXVILLE,TN37919     		N/A 501(C)(3) RESTRICTED GRANT - PROGRAM SUPPORT 40,550
    KNOXVILLE CHILDREN'S THEATRE INC109 E CHURCHWELL AVENUE
    KNOXVILLE,TN37917     		N/A 501(C)(3) MICRO GRANT 2020 2,000
    CONTRIB FROM RCP FUND V K-1353 N CLARK ST STE 3500
    CHICAGO,IL60654     		N/A 501(C)(3) CONTRIBUTION 13
    CIRCLE MODERN DANCE100 SOUTH GAY ST STE 100
    KNOXVILLE,TN37902     		N/A 501(C)(3) MICRO-GRANT 2020 2,000
    EAST TENNESSEE TECHNOLOGY ACCESS CT116 CHILDRESS STREET
    KNOXVILLE,TN37920     		N/A 501(C)(3) MICRO GRANT 2020 2,000
    FRIENDS OF THE SMOKIESPO BOX 1660
    KODAK,TN37764     		N/A 501(C)(3) CONTRIBUTION 830
    KNOXVILLE HISTORY PROJECT516 W VINE AVENUE
    KNOXVILLE,TN37902     		N/A 501(C)(3) CONTRIBUTION 100
    TENNESSEE STAGE COMPANYPO BOX 1186
    KNOXVILLE,TN37901     		N/A 501(C)(3) MICRO GRANT 2020 1,500
    TRI STAR ARTSPO BOX 40487
    NASHVILLE,TN37204     		N/A 501(C)(3) CONTRIBUTION 80
    VOLUNTEER MINISTRY CENTER511 N BROADWAY
    KNOXVILLE,TN37917     		N/A 501(C)(3) MICRO GRANT 2020 4,000
    WESLEY HOUSE COMMUNITY CENTER1719 REYNOLDS STREET
    KNOXVILLE,TN37921     		N/A 501(C)(3) MICRO GRANT 2020 4,000
    AMY LAM3813 SE 60TH AVE
    PORTLAND,OR97206     		N/A I ARTIST GRANT 8,000
    ANGELICA NEGRON1198 HALSEY ST APT 1
    BROOKLYN,NY11207     		N/A I ARTIST GRANT 6,000
    CALVIN BRETT257 LOCHRIDGE DRIVE
    DURHAM,NC27713     		N/A I ARTIST GRANT 8,000
    CRAIG SHEPARD1880 MCCLURES GAP RD
    CARLISLE,PA17026     		N/A I ARTIST GRANT 8,000
    HAROLD DANIEL MCCORMICK219 SCENIC ROAD
    FAIRFAX,CA94930     		N/A I ARTIST GRANT 8,000
    MARY AGNES O'BRIEN219 SCENIC ROAD
    FAIRFAX,CA94930     		N/A I ARTIST GRANT 8,000
    MARY ADLWYTH2043 DEER ISLAND
    HILTON HEAD,SC29928     		N/A I ARTIST GRANT 8,000
    NIC KAY834 WARREN STREET APT 1
    HUDSON,NY12534     		N/A I ARTIST GRANT 4,000
    RHONDA WHEATLEY4800 S CHICAGO BEACH DR
    APT 2115N
    CHICAGO,IL60615     		N/A I ARTIST GRANT 6,000
    SANDRA BREWSTER182 SYMINGTON AVE
    TORONTO,ONTARIO  
    CA     		N/A I ARTIST GRANT 6,000
    Total ...............................bullet 3a 858,718
    bApproved for future payment
    APPALACHIAN MOUNTAIN BIKE CLUB123 S GAY STREET
    KNOXVILLE,TN37902     		N/A 501(C)(3) 2021 GRANT 25,000
    BLOUNT MANSION ASSOCIATIONPO BOX 1703
    KNOXVILLE,TN37901     		N/A 501(C)(3) 2021 GRANT 5,000
    BOYS AND GIRLS CLUBS OF TN VALLEY967 IRWIN STREET
    KNOXVILLE,TN37917     		N/A 501(C)(3) 2021 GRANT 20,000
    IJAMS NATURE CENTER2915 ISLAND HOME AVENUE
    KNOXVILLE,TN37920     		N/A 501(C)(3) 2021 GRANT 40,000
    KNOXVILLE HISTORY PROJECT516 W VINE AVENUE
    KNOXVILLE,TN37902     		N/A 501(C)(3) 2021 GRANT 15,000
    YOUNG WILLIAMS3201 DIVISION STREET
    KNOXVILLE,TN37919     		N/A 501(C)(3) 2021 GRANT 25,000
    INTERFAITH HEALTH CLINIC315 GILL AVENUE
    KNOXVILLE,TN37917     		N/A 501(C)(3) 2021 GRANT 35,000
    KNOXVILLE FAMILY JUSTICE CENTER400 HARRIET TUBMAN
    KNOXVILLE,TN37915     		N/A 501(C)(3) 2021 GRANT 13,470
    SECOND HARVEST FOOD BANK136 HARVEST LANE
    MARYVILLE,TN37801     		N/A 501(C)(3) 2021 GRANT 50,000
    Total ................................bullet 3b 228,470
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    62-1520208
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE ASLAN FOUNDATION
          		Employer identification number
    62-1520208
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    LINDSAY Y MCDONOUGH
    2135 LYONS BEND ROAD
     
    KNOXVILLE, TN37919

    		$ 10,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    62-1520208
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE ASLAN FOUNDATION
          		Employer identification number

    62-1520208
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 53,977 4,067   49,030

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

    TY 2020 DepreciationSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    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
    LAND   7,507,048              
    LAND IMPROVMENTS   2,792,075 837,623     139,604      
    BUILDINGS   17,111,781 46,910     427,794      
    EQUIPMENT AND FURNITURE   1,294,200 134,736     175,374      
    TECHNOLOGY EQUIP   250,143       50,029      
    LEASEHOLD IMPROVEMENT     23,117            
    CWIP   5,796,655              

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SCHWAB 4350 CORPORATE BONDS 802,436 802,436
    SCHWAB 5051 CORPORATE BONDS    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SCHWAB 4350 MUTUAL FUNDS 15,732,274 15,732,274
    SCHWAB 5051 MUTUAL FUNDS    
    SCHWAB 4350 ETFS 62,973,450 62,973,450

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    1,527,979
    State & Local Government Securities - End of Year Fair Market Value:


    1,527,979


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SCHWAB 4350 ALTERNATIVES   1,507,637 1,507,637

    TY 2020 LandEtcSchedule2
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND IMPROVEMENTS 2,792,075 977,226 1,814,849 2,792,075
    BUILDINGS 17,111,781 474,705 16,637,076 17,111,781
    EQUIP AND FURNITURE 1,294,200 310,110 984,090 1,294,200
    TECHNOLOGY EQUIPMENT 250,143 50,029 200,114 250,143
    LEASEHOLD IMPROVEMENTS        
    CWIP 5,796,655   5,796,655 5,796,655
    LAND 7,507,048   7,507,048 7,507,048


    TY 2020 LegalFeesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 121,452     135,176


    TY 2020 OtherAssetsSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 3,108    
    ACCRUED INTEREST 21,643 15,393 15,393
    UNDEPOSITED FUNDS 97,416    


    TY 2020 OtherExpensesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    COMPUTER, INTERNET, TELEPHONE 109,479     110,370
    DUES - PROFESSIONAL 7,475     6,338
    CULTURAL PROGRAMMING EVENTS 4,507     4,900
    INSURANCE 79,131     79,131
    INVESTMENT INTEREST - FAIRWAY 1 1    
    INVESTMENT INTEREST - OVATION 3,933 3,933    
    INVESTMENT INTEREST - RCP 339 339    
    OFFICE EXPENSE 50,143     58,062
    ORDINARY INCOME DEDUCTION - R 8,504 8,504    
    PORTFOLIO EXPENSE - FAIRWAY 7,094 7,094    
    PORTFOLIO EXPENSE - OVATION 30,579 30,558    
    PORTFOLIO EXPENSE - RCP 217 8    
    PROPERTY UPKEEP 509,289     547,507
    ROYALTIES DEDUCTION - FAIRWAY 8,970 8,970    


    TY 2020 OtherIncomeSchedule2
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OVATION ALT INC FD LP ORD INC -4,936 -4,936  
    OVATION ALT INC FD LP ORD-UBI 10,308    
    OVATION ALT INC FD LP 1231-UB 15    
    OVATION ALT INC FD LP OTH INC 683 683  
    FAIRWAY R.A.F. I LP ORD INC -930 -930  
    FAIRWAY R.A.F. I LP ORD INC -342    
    FAIRWAY R.A.F. I LP OTHER INC 476 476  
    FAIRWAY R.A.F. I LP ROYALTIES 23,096 23,096  
    RCP FUND V LP ORD INCOME -7,198 -7,198  
    RCP FUND V LP ORD INCOME - UB 10,396    
    RCP FUND V LP OTHER INCOME 56 56  
    RCP FUND V LP ROYALTIES 52 52  
    FAIRWAY R.A.F. I LP RENTAL 4,384 4,384  
    OVATION ALT INC FD LP RENTAL -681 -681  
    OVATION ALT INC FD LP RTL-UBI -577    
    RCP FUND V LP RENTAL 7 7  


    TY 2020 OtherIncreasesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 1,243,828
    PRIOR YEAR GRANT REDUCED 125,000


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Description Beginning of Year - Book Value End of Year - Book Value
    CONSTRUCTION RETAINAGE 144,204  
    SECURITY DEPOSITS 1,350 750


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 1,945     1,945
    CONSULTING 180,449     202,919
    INVESTMENT EXPENSE 165,732 165,732    
    PAYROLL SERVICES 2,070     2,277


    TY 2020 TaxesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL 43,825      
    FOREIGN TAXES 29,945 29,945    
    PAYROLL TAXES 47,567 904   46,664
    STATE 146