Form990-PF
Click to see attachment

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 LOOKOUT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2877 HABERSHAM ROAD NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30305
A Employer identification number

20-8686890
B Telephone number (see instructions)

(404) 671-4404
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$24,026,410J 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) 3,348,484
2 Check bullet.............
3 Interest on savings and temporary cash investments 59,196 59,196 59,196
4 Dividends and interest from securities... 350,369 350,369 350,369
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 486,887
b Gross sales price for all assets on line 6a 1,838,345
7 Capital gain net income (from Part IV, line 2)... 618,582
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 128,740    
12 Total. Add lines 1 through 11........ 4,373,676 1,028,147 409,565
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,717 4,480   2,237
c Other professional fees (attach schedule).... Click to see attachment 23,000 15,338   7,662
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 928 928    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 60,821 40,568   20,253
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 91,466 61,314   30,152
25 Contributions, gifts, grants paid....... 795,329 795,329
26 Total expenses and disbursements. Add lines 24 and 25 886,795 61,314   825,481
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,486,881
b Net investment income (if negative, enter -0-) 966,833
c Adjusted net income (if negative, enter -0-)... 409,565
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......... 1,044,397 552,649 552,649
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 217,839 Click to see attachment209,660 229,051
b Investments—corporate stock (attach schedule)....... 3,838,273 Click to see attachment8,292,871 14,288,868
c Investments—corporate bonds (attach schedule)....... 2,095,319 Click to see attachment1,977,248 2,613,585
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,825,427 Click to see attachment5,167,571 6,342,257
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,021,255 16,199,999 24,026,410
Liabilities 17 Accounts payable and accrued expenses..........   50,000
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   50,000
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........... 11,021,255  
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)..... 11,021,255 16,149,999
30 Total liabilities and net assets/fund balances (see instructions). 11,021,255 16,199,999
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
11,021,255
2
Enter amount from Part I, line 27a .....................
2
3,486,881
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,641,863
4
Add lines 1, 2, and 3 ..........................
4
16,149,999
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
16,149,999
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 FRANKLIN STREET TRUST COMPANY ST COV P 2020-01-01 2020-06-06
b FRANKLIN STREET TRUST COMPANY LT COV P 2019-01-01 2020-06-06
c 600.000 ENERGY TRANSFER P 2017-12-21 2020-03-24
d 385.000 ENTERPRISE PRDTS PRTN LP P 2017-12-21 2020-03-24
e 280.000 MPLX LP 55336V100 P 2017-12-21 2020-03-24
11,000.000 OCCIDENTAL PETROL 674599CH6 P 2020-01-15 2020-10-08
13,000.000 US TSY 3.00% FEB 15 2049 912810SF6 P 2019-05-01 2020-03-31
12,000.000 VERIZON COMMUN 5.15% 92343VBR4 P 2017-04-20 2020-01-08
17,000.000 GOLDMAN SACHS GROUP 38141GVM3 P 2017-09-07 2020-07-23
10,000.000 US TSY 2.625% 8/31/20 912828 P 2018-10-22 2020-06-08
4,042.669 WESTERN ASSET SMASH 52470G759 P 2016-01-29 2020-03-20
MERRILL LYNCH 2003 ST COV P 2020-01-01 2020-06-06
MERRILL LYNCH 2005 LT COV P 2019-01-01 2020-06-06
1,300.000 ALTABA INC XXX-XX-XXXX P 2015-09-23 2020-11-02
215.000 CORTEVA INC 22052L104 P 2014-04-09 2020-08-18
215.000 DUPONT DE NEMOURS INC 26614N102 P 2014-04-09 2020-08-18
31.000 LINDE PLC REG G5494J103-060719 P 2019-06-07 2020-08-18
PORTMAN RIDGE FIN 73688F102 P 2010-11-18 2020-08-18
KEYCORP XXX-XX-XXXX P 2009-10-07 2020-08-18
2,500.000 SPIRIT AEROSYSTEMS XXX-XX-XXXX P 2008-07-30 2020-08-18
2,500.000 SOLAR CAPITAL LTD 83413U100 P 2010-11-18 2020-08-18
10,436.000 UNIFI INC XXX-XX-XXXX P 2010-12-15 2020-08-18
SOUTH STATE CORP XXX-XX-XXXX P 2019-04-03 2020-06-11
5,190.000 MONDELEZ INT'L XXX-XX-XXXX P 2014-08-28 2020-08-18
MERRILL LYNCH 2003 ST COV P 2020-02-18 2020-12-15
MERRILL LYNCH 2003 LT NON-COV P 2017-03-23 2020-12-11
MERRILL LYNCH 2003 LT NON-COV P 2019-01-01 2020-06-06
ENERGY TRANSFER P 2017-12-21 2020-03-24
ENTERPRISE PRDTS PRTN LP P 2017-12-21 2020-03-24
MPLX LP 55336V100 P 2017-12-21 2020-03-24
Capital Gain Dividends      
(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 25,603   28,178 -2,575
b 203,797   147,700 56,097
c 2,917   7,849 -4,932
d 5,259   9,407 -4,148
e 2,980   8,527 -5,547
9,061   11,414 -2,353
17,469   13,210 4,259
13,268   12,696 572
18,815   17,419 1,396
10,056   9,950 106
44,264   43,418 846
47,626   52,107 -4,481
293,302   285,000 8,302
10,829     10,829
6,095   5,834 261
12,318   16,081 -3,763
7,655   5,134 2,521
8,647   36,262 -27,615
403,217   85,398 317,819
51,228   56,276 -5,048
40,790   57,740 -16,950
132,736   167,043 -34,307
43     43
296,965     296,965
47,213   47,213  
438   438  
95,480   95,469 11
1,885     1,885
3,144     3,144
2,398     2,398
      22,847
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       -2,575
b       56,097
c       -4,932
d       -4,148
e       -5,547
      -2,353
      4,259
      572
      1,396
      106
      846
      -4,481
      8,302
      10,829
      261
      -3,763
      2,521
      -27,615
      317,819
      -5,048
      -16,950
      -34,307
      43
      296,965
       
       
      11
      1,885
      3,144
      2,398
       
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 2 618,582
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 -5,150
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 13,439
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 13,439
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 13,439
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,872
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 35,872
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 102
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 22,331
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet22,331 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    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 addressbulletN/A
    14
    The books are in care ofbulletSUNNY BURROWS Telephone no.bullet (404) 848-0050

    Located atbullet2877 HABERSHAM ROAD NWATLANTAGA ZIP+4bullet30305
    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
    SUNNY H BURROWS President
    5.00     		0    
    2877 HABERSHAM ROAD NW
    ATLANTA,GA30305
    ROBERT LEE BURROWS JR SEC/TREAS
    2.00     		0    
    2877 HABERSHAM ROAD NW
    ATLANTA,GA30305
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    16,152,965
    b
    Average of monthly cash balances.......................
    1b
    1,216,144
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,369,109
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    17,369,109
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    260,537
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,108,572
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    855,429
    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
    855,429
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    13,439
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    13,439
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    841,990
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    841,990
    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
    841,990
    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
    825,481
    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
     
    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
    825,481
    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
    825,481
    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 7 841,990
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 791,634
    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......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 825,481
    a Applied to 2019, but not more than line 2a 791,634
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 33,847
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		808,143
    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 ......     		 
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADVENTURES OF THE HEART
    280 WEST PEACHTREE
    NORCROSS,GA30071     		N/A PC MINISTRY 5,000
    ATLANTA CHILDREN'S SHELTER
    607 PEACHTREE STREET NE
    ATLANTA,GA30308     		N/A PC GENERAL FUND 500
    ATLANTA YOUTH ACADEMY
    2120 FORREST PARK ROAD
    ATLANTA,GA30315     		N/A PC GENERAL FUND 66,250
    CAMP MERRIE-WOODE
    100 MERRIE-WOODE ROAD
    SAPPHIRE,NC28774     		N/A PC GENERAL FUND 10,500
    MTOTO AFRICA INC
    2907 NORTH HILLS DRIVE
    ATLANTA,GA30305     		N/A PC GENERAL FUND 5,000
    NORTH POINT MINISTRIES
    4350 NORTH POINT PARKWAY
    ALPHARETTA,GA30022     		N/A PC PROGRAM SUPPORT 25,000
    THE UNIVERSITY OF NORTH CAROLINA AT
    CARROLL HALL CB 3365
    CHAPEL HILL,NC27599     		N/A PC SCHOOL OF JOURNALISM 5,000
    ODYSSEY
    1424 W PACES FERRY ROAD
    ATLANTA,GA30327     		N/A PC EDUCATION OUTREACH 5,000
    WOODBERRY FOREST AMICI FUND
    402 WOODBERRY STATION
    WOODBERRY FOREST,VA22989     		N/A PC AMICI FUND 20,000
    THEATRICAL OUTFIT
    84 LUCKIE STREET
    ATLANTA,GA30303     		N/A PC ANNUAL SUPPORT 3,000
    THE WESTMINSTER SCHOOLS
    1424 W PACES FERRY ROAD
    ATLANTA,GA30327     		N/A PC ANNUAL SUPPORT 8,000
    REFLECTION MINISTRIES
    ONE PIEDMONT CENTER STE 130
    ATLANTA,GA30305     		N/A PC MINISTRY 2,000
    THE UNIVERSITY OF NORTH CAROLINA CH
    204 GREENLAW HALL CB3520
    CHAPEL HILL,NC27599     		N/A PC AMERICAN STUDIES 5,000
    WOODBERRY FOREST SCHOOL
    402 WOODBERRY STATION
    WOODBERRY FOREST,VA22989     		N/A PC C. FELIX HARVEY III '39 SCHOLARSHIP FUND 11,000
    LEADERSHIP ATLANTA
    133 PEACHTREE STREET NE 2850
    ATLANTA,GA30303     		  PC GENERAL FUND 600
    CATHEDRAL OF ST PHILIP
    2744 PEACHTREE ROAD NW
    ATLANTA,GA30305     		N/A 501(c)3 GENERAL FUND 500
    EAST CAROLINA EDUCATION FOUNDATION
    2200 S CHARLES BLVD STE 1100
    GREENVILLE,NC27858     		N/A PC GENERAL FUND 13,000
    INSTITUTE FOR RESPONSIBILE CITIZENS
    1227 25TH ST NW 600
    WASHINGTON,DC20037     		N/A PC GENERAL FUND 25,000
    LENOIR COMM COLLEGE FOUNDATION
    231 HIGHWAY 58
    S KINSTON,NC28504     		N/A PC GENERAL FUND 7,000
    SALVATION ARMY - GOLDSBORO
    610 N WILLIAM STREET
    GOLDSBORO,NC27530     		N/A 501(c)3 GENERAL FUND 30,000
    HOMELESS AT HEART
    3715 NORTHSIDE PKWY STE 2-600
    ATLANTA,GA30327     		N/A PC GENERAL FUND 10,000
    B ROBERT WILLIMSON JR FOUNDATION
    300 PARK AVENUE
    NEW YORK,NY10022     		N/A PC GENERAL FUND 500
    UNC CHAPEL HILL
    523 E FRANKLIN STREET
    CHAPEL HILL,NC27514     		N/A PC TIM SMITH EDUCATION FUND 10,000
    UNC CHAPEL HILLLOOKOUT SCHOLARS FIR
    523 E FRANKLIN STREET
    CHAPEL HILL,NC27514     		N/A PC LOOKOUT SCHOLARS FIRST 95,000
    THE PRESCHOOL
    3180 PEACHTREE RD NE
    ATLANTA,GA30305     		N/A PC GENERAL FUND 1,000
    DUKE DIVINITY SCHOOL
    PO BOX 90966
    DURHAM,NC27708     		N/A PC GENERAL FUND 5,000
    ATLANTA UNION MISSION
    2353 BOLTON ROAD NW
    ATLANTA,GA30318     		N/A PC GENERAL FUND 10,000
    QUEEN STREET UMC
    500 N QUEEN ST
    KINSTON,NC28501     		N/A PC CHRISTIAN EDUCATION FUND 300
    THE TRINITY FORUM
    1000 VERMONT AVE NW STE 900
    WASHINGTON,DC20005     		N/A PC GENERAL 1,500
    THE UNIVERSITY OF NORTH CAROLINA AT
    PO BOX 309
    CHAPEL HILL,NC27514     		N/A PC LANIER BROWN MAY 2,000
    THE UNIVERSITY OF NORTH CAROLINA AT
    PO BOX 309
    CHAPEL HILL,NC27514     		N/A PC PEACHTREE SCHOLARSHIP FUND 50,000
    CHOPIN SOCIETY OF ATLANTA
    10700 STATE BRIDGE RD STE 12
    JOHNS CREEK,GA30022     		N/A PC GENERAL FUND 250
    THE EQUIP FOUNDATION
    75-5660 KOPIKO STREET C7-162
    KAILUA KONA,HI96740     		N/A PC HANDS ON HOUSES 2,500
    EMORY UNIVERSITY BUSINESS SCHOOL
    1300 CLIFTON ROAD
    ATLANTA,GA30322     		N/A PC GENERAL FUND 5,000
    COVENANT HOUSE
    1559 JOHNSON ROAD NW
    ATLANTA,GA30318     		N/A PC GENERAL FUND 11,045
    CHRIS 180
    1030 FAYETTEVILLE RD SE
    ATLANTA,GA30316     		N/A PC GENERAL FUND 21,636
    LEUKEMIA LYMPHOMA SOCIETY
    2859 PACES FERRY RD SE STE 725
    ATLANTA,GA30339     		N/A PC GENERAL FUND 1,000
    UNC CHAPEL HILLLOOKOUT FELLOWS
    CARROLL HALL CB 3365
    CHAPEL HILL,NC27599     		N/A PC LOOKOUT FELLOWS PLEDGE 50,000
    THE UNIVERSITY OF NORTH CAROLINA CH
    PO BOX 309
    CHAPEL HILL,NC27514     		N/A PC ARTS & SCIENCES 11,000
    THE UNIVERSITY OF NORTH CAROLINA CH
    PO BOX 309
    CHAPEL HILL,NC27514     		N/A PC FARMER/FIRST GENERATION 50,000
    UNC CHAPEL HILL
    CARROLL HALL CB 3365
    CHAPEL HILL,NC27599     		N/A PC CURTIS MEDIA CENTER 10,000
    ONE HARBOR CHURCH
    1605 FISHER STREET
    MOOREHEAD CITY,NC28557     		N/A PC GENERAL FUND 25,000
    BIBLE WAY MINISTRIES INTERNATIONAL
    894 CONSTITUTION ROAD SE
    ATLANTA,GA30315     		N/A PC GENERAL FUND 35,000
    DUKE UNIVERSITY
    110 N CORCORAN ST STE 200
    DURHAM,NC27708     		N/A PC FUQUA SCHOOL OF BUSINESS 5,000
    EAST ATLANTA KIDS CLUB
    602 BROWNWOOD AVENUE SE
    ATLANTA,GA30316     		N/A PC GENERAL FUND 25,000
    ELITE WOMEN OF EXCELLENCE INC
    PO BOX 813383
    SMYRNA,GA30081     		N/A PC GENERAL FUND 10,000
    EQUAL JUSTICE INITIATIVE
    122 COMMERCE STREET
    MONTGOMERY,AL36104     		N/A PC GENERAL FUND 10,000
    GRANT MAKERS FOR EDUCATION
    700 SW 5TH AVENUE STE 4000
    PORTLAND,OR97204     		N/A PC GENERAL FUND 1,350
    LEAP YEAR
    229 PEACHTREE STREET NE STE 725
    ATLANTA,GA30303     		N/A PC GENERAL FUND 6,258
    PAWKIDS
    1643 DONALD LEE HOLLOWELL PKWY NW
    ATLANTA,GA30318     		N/A PC GENERAL FUND 10,000
    ST JUDE CHILDRENS RESEARCH HOSPITAL
    5901 PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328     		N/A PC GENERAL FUND 15,000
    STEM COMPASS INC
    295 CALVO DRIVE SW
    ATLANTA,GA30311     		N/A PC GENERAL FUND 10,000
    TAM HIGH BOOSTERS
    700 MILLER AVENUE
    MILL VALLEY,CA94941     		N/A PC GENERAL FUND 5,000
    THE FUND FOR LMU
    1 LMU DRIVE STE 2800
    LOS ANGELES,CA90045     		N/A PC GENERAL FUND 1,000
    WEILL CORNELL MEDICAL COLLEGE
    1300 YORK AVENUE
    NEW YORK,NY10065     		N/A PC GENERAL FUND 10,000
    UNC CHAPEL HILL
    523 E FRANKLIN STREET
    CHAPEL HILL,NC27599     		N/A PC EDUCATIONAL PROGRAMMING/STUDENT LIFE & THOUGHT 15,000
    GROVE PARK RENEWAL
    1566 DONALD LEE HOLLOWELL PKWY NW
    ATLANTA,GA30318     		N/A PC GENERAL FUND 10,225
    APPLIED RESEARCH CENTER
    926 DELANEY ST NW
    ATLANTA,GA30332     		N/A PC GENERAL FUND 200
    GA CAMPAIGN FOR ADOLESCENT POWER PO
    1718 PEACHTREE RD NW UNIT 465
    ATLANTA,GA30309     		N/A PC GENERAL FUND 250
    PERSPEPCTIVES CHARTER SCHOOLS
    1530S STATE STREET 2ND FLOOR
    CHICAGO,IL60605     		N/A PC GENERAL FUND 5,150
    SHELTERS TO SHUTTERS
    1921 GALLOWS ROAD SUITE 700
    VIENNA,VA22182     		N/A PC GENERAL FUND 515
    DUKE CANCER INSITITUTE
    2 SEELEY MUDD 10 BRYAN SEARLE DR
    DURHAM,NC27710     		N/A PC GENERAL FUND 300
    Total .................................bullet 3a 795,329
    bApproved for future payment
    Total .................................bullet 3b  
    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 59,196  
    4 Dividends and interest from securities....     14 350,369  
    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 -108,848 595,735
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    a4612-SG HOLDCO LP     		    16 11,505  
    bCALDWELL MILL OPPORTUNITY     18 21,078  
    cCARDINAL SELF STORAGE L.P     16 8,808  
    dENTERPRISE PRODUCTS     14 -237  
    eFSP MANAGER OF MANAGERS L     18 56,498  
    fGLENEAGLES CREDIT PARTNER     18 33,682  
    gHARBERT SENIORS HOUSING     18 -4,665  
    hMASHBURN LLC     18 -36,003  
    iMLPX, LP     14 -84  
    jPLEXUS IV     18 51,276  
    kPLEXUS V     18 -4,249  
    lTTV FUND IV     18 -2,993  
    mTTV FUND V     18 -5,745  
    nTTV GL OPPORTUNITY INVESTMENT FUND     18 -131  
    12 Subtotal. Add columns (b), (d), and (e)..   429,457 595,735
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,025,192
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description
    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 LOOKOUT FOUNDATION
     
    Employer identification number

    20-8686890
    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 LOOKOUT FOUNDATION
          		Employer identification number
    20-8686890
    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
    ROBERT L BURROWS JR
    2877 HABERSHAM ROAD NW
     
    ATLANTA, GA30305

    		$ 2,564,400


    (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 LOOKOUT FOUNDATION
          		Employer identification number

    20-8686890
    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
    1
    		 HARVEY ENTERPRISES, INC. $ 2,564,400 2020-12-30
    (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 LOOKOUT FOUNDATION
          		Employer identification number

    20-8686890
    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: 20011551
    Software Version: 2020v4.0

    TY 2020 AccountingFeesSchedule
    Name:
    THE LOOKOUT FOUNDATION
    EIN:
    20-8686890
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/TAX FEES 6,717 4,480 0 2,237

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE LOOKOUT FOUNDATION
    EIN:
    20-8686890
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH ACCT # 02036 946,656 1,478,387
    MERRILL LYNCH ACCT # 02003 131,765 148,577
    MASHBURN - NOTES 98,827 186,621
    UBNC SUB DEBT 800,000 800,000

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE LOOKOUT FOUNDATION
    EIN:
    20-8686890
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH ACCT # 02010 1,223,172 6,012,450
    MERRILL LYNCH ACCT # 02005 653,032 1,210,697
    MERRILL LYNCH ACCT # 02006 557,867 888,919
    MERRILL LYNCH ACCT # 02009 490,757 777,709
    MERRILL LYNCH ACCT # 02003 367,991 399,041
    HARVEY ENTERPRISES, INC. 5,000,052 5,000,052

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE LOOKOUT FOUNDATION
    EIN:
    20-8686890
    Software ID:
    20011551
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

    209,660
    US Government Securities - End of Year Fair Market Value:

    229,051
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE LOOKOUT FOUNDATION
    EIN:
    20-8686890
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    TTV FUND IV AT COST 131,335 279,179
    TTV FUND V AT COST 29,880 30,184
    46120-SG HOLDCO AT COST 125,080 126,340
    PLEXUS FUND V AT COST 105,751 108,005
    TTV GL OPPORTUNITY FUND AT COST 999,869 1,000,000
    ACM FINANCIAL TRUST AT COST 16,764  
    MCVEAN TRADING AT COST 378,879 790,032
    FRANKLIN STREET PARTNERS TRUST AT COST 1,623,215 1,959,739
    TWEEDY BROWN INC AT COST 455,018 416,602
    KFBSF REAL ESTATE FUND I AT COST    
    CALDWELL MILLS OPPORTUNITY FUND AT COST 207,574 345,385
    GLENEAGLES CREDIT PARTNERS II AT COST 342,390 380,340
    PLEXUS FUND IV AT COST 449,347 483,036
    HARBERT SENIORS HOUSING AT COST 278,094 373,415

    TY 2020 OtherExpensesSchedule
    Name:
    THE LOOKOUT FOUNDATION
    EIN:
    20-8686890
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 10 7   3
    INVESTMENT MANAGEMENT FEES 60,751 40,521   20,230
    LICENSES & PERMITS 30 20   10
    WIRE TRANSFER FEES 30 20   10


    TY 2020 OtherIncomeSchedule2
    Name:
    THE LOOKOUT FOUNDATION
    EIN:
    20-8686890
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    4612-SG HOLDCO LP 11,505    
    CALDWELL MILL OPPORTUNITY 21,078    
    CARDINAL SELF STORAGE L.P 8,808    
    ENTERPRISE PRODUCTS -237    
    FSP MANAGER OF MANAGERS L 56,498    
    GLENEAGLES CREDIT PARTNER 33,682    
    HARBERT SENIORS HOUSING -4,665    
    MASHBURN LLC -36,003    
    MLPX, LP -84    
    PLEXUS IV 51,276    
    PLEXUS V -4,249    
    TTV FUND IV -2,993    
    TTV FUND V -5,745    
    TTV GL OPPORTUNITY INVESTMENT FUND -131    


    TY 2020 OtherIncreasesSchedule
    Name:
    THE LOOKOUT FOUNDATION
    EIN:
    20-8686890
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    FAIR MARKET VALUE TO TAX BASIS ADJUSTMENT 1,641,863


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE LOOKOUT FOUNDATION
    EIN:
    20-8686890
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ALISON PICKETT 10,000 6,667 0 3,333
    CONSULTING 12,500 8,338 0 4,162
    FORGE.ORG 500 333 0 167


    TY 2020 TaxesSchedule
    Name:
    THE LOOKOUT FOUNDATION
    EIN:
    20-8686890
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 928 928