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
IRENE W AND C B PENNINGTON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)10343 SIEGEN LANE SUITE B1
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BATON ROUGE, LA70810
A Employer identification number

72-0938097
B Telephone number (see instructions)

(225) 922-4600
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$163,657,127J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,710 2,710  
4 Dividends and interest from securities... 1,221,342 1,221,255  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,297,831
b Gross sales price for all assets on line 6a 22,035,487
7 Capital gain net income (from Part IV, line 2)... 4,297,831
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 519,798 442,804 0
12 Total. Add lines 1 through 11........ 6,041,681 5,964,600 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 399,842 0 0 0
15 Pension plans, employee benefits....... 28,128 0 0 0
16a Legal fees (attach schedule)......... Click to see attachment 947 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment 34,523 17,262 0 0
c Other professional fees (attach schedule).... Click to see attachment 339,687 336,870 0 0
17 Interest............... 23,050 23,050 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 70,757 43,957 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 30,457 18,908 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,450,781 2,395,540 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,378,172 2,835,587 0 0
25 Contributions, gifts, grants paid....... 5,677,324 5,677,324
26 Total expenses and disbursements. Add lines 24 and 25 9,055,496 2,835,587 0 5,677,324
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,013,815
b Net investment income (if negative, enter -0-) 3,129,013
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 22,952 2,043,218 2,043,218
2 Savings and temporary cash investments......... 4,183,752 4,976,677 4,976,677
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   1,413    
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)      
b Investments—corporate stock (attach schedule)....... 16,488,617 Click to see attachment19,359,962 28,890,101
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 111,682,966 Click to see attachment103,113,892 127,746,221
14 Land, buildings, and equipment: basis bullet72,833
Less: accumulated depreciation (attach schedule) bullet72,823 10 Click to see attachment10 10
15 Other assets (describe bullet) Click to see attachment900 Click to see attachment900 Click to see attachment900
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 132,380,610 129,494,659 163,657,127
Liabilities 17 Accounts payable and accrued expenses.......... 11,226 12,178
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) Click to see attachment0 Click to see attachment54,900
23 Total liabilities (add lines 17 through 22)......... 11,226 67,078
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 132,369,384 129,427,581
29 Total net assets or fund balances (see instructions)..... 132,369,384 129,427,581
30 Total liabilities and net assets/fund balances (see instructions). 132,380,610 129,494,659
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
132,369,384
2
Enter amount from Part I, line 27a .....................
2
-3,013,815
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
118,741
4
Add lines 1, 2, and 3 ..........................
4
129,474,310
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
46,729
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
129,427,581
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 APEX P    
b APEX P    
c FORWARD UNIPLAN P    
d FORWARD UNIPLAN P    
e KAYNE ANDERSON P    
KAYNE ANDERSON P    
LAZARD P    
LAZARD P    
WCM P    
WCM P    
LARGE CAP P    
LARGE CAP P    
ATLANTA SMID P    
ATLANTA SMID P    
NFJ INTL P    
NFJ INTL P    
NORTH COAST P    
NORTH COAST P    
STRATEGIC AD P    
STRATEGIC AD P    
UBS CASH ACCOUNT P    
UBS CASH ACCOUNT P    
WESTEND P    
WESTEND P    
SA FIXED INCOME P    
SA FIXED INCOME P    
SA LIQUID ALTERNATIVES P    
SA LIQUID ALTERNATIVES P    
CHICKASAW P    
CHICKASAW P    
PFIC P    
PFIC P    
EQUITAS EVERGREEN K-1 P    
EQUITAS EVERGREEN K-1 P    
MERRILL LYNCH P    
MERRILL LYNCH P    
MAN-AHL DIVERSIFIED K-1 P    
PIEDMONT PARTNERS K-1 P    
PIEDMONT PARTNERS K-1 P    
UBS ALTERNATIVE P    
UBS ALTERNATIVE P    
THEMELIOS VENTURES II K-1 P    
ABBEY CAPITAL K-1 P    
ABBEY CAPITAL K-1 P    
ALPHAKEYS RENAISSANCE INSTITUTIONAL EQUITIES FUND II K-1 P    
ALPHAKEYS RENAISSANCE INSTITUTIONAL EQUITIES FUND II K-1 P    
GENESIS ENERGY K-1 P    
MPLX K-1 P    
MPLX K-1 P    
PLAINS ALL AMERICAN PIPELINE K-1 - P    
WESTERN MIDSTREAM PARTNERS - P    
PUBLICLY TRADED PARTNERSHIP DISPOSAL - P    
PUBLICLY TRADED PARTNERSHIP DISPOSAL - P    
SECTION 1250 GAIN/(LOSS) P    
SECTION 1256 GAIN/(LOSS) P    
SECTION 1231 GAIN/(LOSS) P    
CAPITAL GAINS DIVIDENDS 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 635,897     87,119
b 1,571,267     487,976
c 514,108     1,930
d 1,677,332     171,532
e 48,504     2,759
836,600     222,925
1,609,092     33,395
2,940,452     -266,679
501,309     76,637
2,190,330     798,997
155,095     60,156
3,150,919     1,021,713
21,952     8,608
338,969     132,472
1,455     -547
150,618     -16,112
548,128     -40,573
250,842     22,976
21,664     -5,021
296,158     -59,908
30,632     35
1,206,618     2,197
414,413     -27,631
403,693     100,591
540,559     -16,782
516,002     -92,469
52,295     68
1,050,652     -43,415
32,576     -14,699
107,365     -83,876
      67,435
      38,944
      600,773
      1,330,636
146,087     7,479
28,322     -356
      -7,105
      -866,645
      378,614
      88,234
      46,385
      -3,252
      11,656
      11,656
      -210,952
      80,572
      11
      6
      42
      48
      53
      -6,842
      38,768
      15,662
      67,859
      -1,806
45,582     45,582
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       87,119
b       487,976
c       1,930
d       171,532
e       2,759
      222,925
      33,395
      -266,679
      76,637
      798,997
      60,156
      1,021,713
      8,608
      132,472
      -547
      -16,112
      -40,573
      22,976
      -5,021
      -59,908
      35
      2,197
      -27,631
      100,591
      -16,782
      -92,469
      68
      -43,415
      -14,699
      -83,876
      67,435
      38,944
      600,773
      1,330,636
      7,479
      -356
      -7,105
      -866,645
      378,614
      88,234
      46,385
      -3,252
      11,656
      11,656
      -210,952
      80,572
      11
      6
      42
      48
      53
      -6,842
      38,768
      15,662
      67,859
      -1,806
      45,582
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 4,297,831
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 43,493
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 43,493
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 43,493
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 116,772
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 116,772
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 73,279
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet73,279 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    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)
    bulletLA
    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 ofbulletPOSTLETHWAITE NETTERVILLE CPA'S Telephone no.bullet (225) 922-4600

    Located atbullet8550 UNITED PLAZA BLVDBATON ROUGELA ZIP+4bullet70809
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CLAUDE B PENNINGTON III TRUSTEE
    0.00     		0 0 0
    P0 BOX 1083
    BATON ROUGE,LA70821
    PAULA P DELABRETONNE TRUSTEE
    0.00     		0 0 0
    PO BOX 1083
    BATON ROUGE,LA70821
    DARYL B PENNINGTON SR TRUSTEE
    0.00     		0 0 0
    P O BOX 1083
    BATON ROUGE,LA70821
    SHARON PALMER PENNINGTON TRUSTEE
    0.00     		0 0 0
    P O BOX 1083
    BATON ROUGE,LA70821
    SHANNON SMITH TRUSTEE
    0.00     		0 0 0
    P O BOX 1083
    BATON ROUGE,LA70821
    MARY PENNINGTON TRUSTEE
    0.00     		0 0 0
    P O BOX 1083
    BATON ROUGE,LA70821
    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
    LORI J BERTMAN PRESIDENT/CEO
    40.00     		262,500 0 0
    3635 GLADIOLA STREET
    BATON ROUGE,LA70808
    WILLIAM HODGKINS CHAIRMAN
    40.00     		69,634 0 0
    1059 CARNEY ROAD
    ZACHARY,LA70791
    RACHEL A KONICK STAFF
    40.00     		67,708 0 0
    1111 COLUMBIA RD NW APT 201
    WASHINGTON,DC20009
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    EQUITAS CAPITAL ADVISORS INVESTMENT 229,359
    365 CANAL STREET
    NEW ORLEANS,LA70130
    UBS FINANCIAL SERVICES INVESTMENT 90,676
    3280 PEACHTREE RD NE 21ST FLOOR
    ATLANTA,GA30305
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    110,509,500
    b
    Average of monthly cash balances.......................
    1b
    1,734,813
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    112,244,313
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    112,244,313
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,683,665
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    110,560,648
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,528,032
    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
    5,528,032
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    43,493
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    25,299
    c
    Add lines 2a and 2b............................
    2c
    68,792
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,459,240
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,459,240
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    5,459,240
    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
    5,677,324
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    5,677,324
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,677,324
    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 5,459,240
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 1,313,462
    b From 2016...... 380,768
    c From 2017......  
    d From 2018......  
    e From 2019...... 1,720,736
    fTotal of lines 3a through e........ 3,414,966
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,677,324
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 5,459,240
    e Remaining amount distributed out of corpus 218,084
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,633,050
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		1,313,462
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		2,319,588
    10 Analysis of line 9:
    a Excess from 2016.... 380,768
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 1,720,736
    e Excess from 2020.... 218,084
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MULTIPLE ENTRIES - SEE ATTACHED
    10343 SIEGEN LANE SUITE B1
    BATON ROUGE,LA70810
    (225) 922-4600
    bThe form in which applications should be submitted and information and materials they should include:
    NOT APPLICABLE
    cAny submission deadlines:
    NOT APPLICABLE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NOT APPLICABLE
    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
    IBERVILLE PARISH SHERIFF'S OFFICE
    58050 MERIAM STREET PO BOX 231
    PLAQUEMINE,LA70764     		    OPERATION VICTORY 129,831
    LOUISIANA SYMPHONY ASSOCIATION
    233 ST FERDINAND ST
    BATON ROUGE,LA70802     		    PENNINGTON GREAT PERFORMERS 175,000
    NATIONAL KIDNEY FOUNDATION OF LA
    8200 HAMPSON ST 425
    NEW ORLEANS,LA70118     		    PAM SANCHEZ MEMORIAL 15,000
    BATON ROUGE AREA FOUNDATION
    100 NORTH ST 900
    BATON ROUGE,LA70802     		    2020 DONATION 200,000
    REGIONS BANK
    3003 COLLEGE DR
    BATON ROUGE,LA70808     		    THE MANSHIP THEATRE 1,012
    EAST BATON ROUGE PARISH DA'S OFFICE
    222 ST LOUIS ST SUITE 550
    BATON ROUGE,LA70802     		    ANNUAL RENEWAL OF EBRDA'S CASE365 200,000
    MARITIME & SEAFOOD INDUSTRY MUSEUM
    115 E 1ST ST
    BILOXI,MS39530     		    UPGRADE SCHOONER PIER COMPLEX 100,000
    IBERVILLE PARISH SHERIFF'S OFFICE
    58050 MERIAM STREET PO BOX 231
    PLAQUEMINE,LA70764     		    OPERATION TAKEDOWN 145,000
    THE EMERGE FOUNDATION
    7784 INNOVATION PARK DR
    BATON ROUGE,LA70820     		    PRESENTING SPONSORSHIP 2020 EMERGE GALA 100,000
    BATON ROUGE AREA FOUNDATION
    100 NORTH ST 900
    BATON ROUGE,LA70802     		    MLK FUND 10,000
    LSU FOUNDATION
    3796 NICHOLSON DR
    BATON ROUGE,LA70802     		    UNIVERSITY LABORATORY SCHOOL TUITION 105,000
    PENNINGTON BIOMEDICAL RESEARCH FOUNDATION
    6400 PERKINS ROAD
    BATON ROUGE,LA70808     		    PREVALENCE STUDY 10,000
    BATON ROUGE AREA FOUNDATION
    100 NORTH ST 900
    BATON ROUGE,LA70802     		    LA GOVENOR'S COVID-19 RELIEF FUND 200,000
    EAST BATON ROUGE SHERIFF'S OFFICE
    8900 JIMMY WEDELL DR
    BATON ROUGE,LA70807     		    MOBILE CRIME LAB 100,000
    CRISTO REY BR FRANCISCAN HIGH SCHOOL
    4000 ST GERARD AVE
    BATON ROUGE,LA70805     		    BRIDGING THE GAP FOR UNDER-ENROLLMENT 100,000
    BATON ROUGE GENERAL FOUNDATION
    8585 PICARDY AVE
    BATON ROUGE,LA70809     		    BRG PENNINGTON CANCER CENTER EXPANSION 750,000
    PENNINGTON BIOMEDICAL RESEARCH FOUNDATION
    6400 PERKINS ROAD
    BATON ROUGE,LA70808     		    ENGAGEMENT OF MARKETING AGENCY 250,000
    ST PATRICK'S EPISCOPAL CHURCH
    1322 CHURCH ST
    ZACHARY,LA70791     		    ZACHARY IS A LIGHT - LAKE CHARLES LOVE 15,000
    EAST FELICIANA PARISH SHERIFF'S OFFICE
    11315 BANK ST
    CLINTON,LA70722     		    2020 DONATION 300,000
    IRIS DOMESTIC VIOLENCE CENTER
    PO BOX 52809
    BATON ROUGE,LA70892     		    IN MEMORY OF SYLVIA DUKE 10,000
    18TH JUDICIAL DISTRICT ATTORNEY'S OFFICE
    201 E MAIN ST
    NEW ROADS,LA70760     		    PROTECT AND PREVENTION THROUGH USE OF LPR'S 100,000
    ASCENSION PARISH SHERIFF'S OFFICE
    828 S IRMA BLVD
    GONZALES,LA70737     		    BODY CAMERAS 99,800
    CATHOLIC HIGH SCHOOL
    855 HEARTHSTONE
    BATON ROUGE,LA70806     		    UNRESTRICTED GIFT 50,000
    EAST BATON ROUGE SHERIFF'S OFFICE
    8900 JIMMY WEDELL DR
    BATON ROUGE,LA70807     		    DIRECTOR OF SPECIAL PROJECTS SALARY 74,200
    LSU FOUNDATION
    3796 NICHOLSON DR
    BATON ROUGE,LA70802     		    LSU POLICE DEPT AND CAMPUS SECURITY 100,000
    POINTE COUPEE PARISH SHERIFF'S OFFICE
    215 MAIN ST
    NEW ROADS,LA70760     		    PATROL CAR PURCHASE (2) 100,000
    WEST BATON ROUGE SHERIFF'S OFFICE
    850 8TH ST
    PORT ALLEN,LA70767     		    CONSULTANT/GRANT WRITER 70,000
    WEST BATON ROUGE SHERIFF'S OFFICE
    850 8TH ST
    PORT ALLEN,LA70767     		    TRAINING CENTER 100,000
    CAPITAL AREA UNITED WAY
    700 LAUREL ST
    BATON ROUGE,LA70802     		    225 GIVES CHALLENGE FUND SPONSORSHIP 25,000
    AUDUBON STATE HISTORIC PARK & HOUSE
    11788 HIGHWAY 965
    ST FRANCISVILLE,LA70775     		    HANDICAPPED ACCESS TO MAIN HOUSE 32,400
    BAR D OUTDOORS
    6735 CR-192
    ST FRANCISVILLE,LA70775     		    BAR D OUTDOORS 2,500
    CENTREVILLE ACADEMY
    1419 ACADEMY ST
    CENTREVILLE,MS39631     		    CENTREVILLE ACADEMY TRACK REPAIR 13,555
    CHRISTUS ST FRANCES CABRINI FOUNDATION
    3330 MASONC DR
    ALEXANDRIA,LA71301     		    CHRISTUS CABRINI CANCER CENTER 25,000
    DREAM DAY FOUNDATION
    1165 S FOSTER DR
    BATON ROUGE,LA70806     		    FISHING GALORE 10,000
    DUCKS UNLIMITED
    125 SOUTHPARK RD
    LAFAYETTE,LA70508     		    SPANNING THE GULF OF MEXICO: WETLAND 100,000
    EAST FELICIANA DRUG AND ALCOHOL AWARENESS
    11504 LIBERTY ROAD
    CLINTON,LA70722     		    YOUTH COMMUNITY ENHANCEMENT SUMMER CAMP 10,000
    ETHEL VOLUNTEER FIRE DEPARTMENT
    9320 LA-955
    ETHEL,LA70730     		    EMERGENCY EQUIPMENT 100,000
    FRIENDS OF FALSE RIVER PARK INC
    PO BOX 834
    NEW ROADS,LA70760     		    PARKING LOT/COLLECTION BUILDING 50,000
    HOPE MINISTRY OF POINTE COUPEE INC
    506 OLINDE ST
    NEW ROADS,LA70760     		    COORDINATION OF HOPE 2021 10,000
    HERITAGE RANCH
    20090 TUCKER RD
    ZACHARY,LA70791     		    GROWTH EXPANSION INITIATIVE 10,000
    LOUISIANA WILDLIFE & FISHERIES FOUNDATION
    2000 QUAIL DR
    BATON ROUGE,LA70808     		    LWFF 10,000
    MISSION HEART INC
    9655 PERKINS RD
    BATON ROUGE,LA70810     		    MISSION HEART 2020/2021 130,000
    NORTH DELTA SCHOOL INC
    330 GREEN WAVE LN
    BATESVILLE,MS38606     		    NORTH DELTA SCHOOL GRANT 100,000
    NORWOOD VOLUNTEER FIRE DEPARTMENT
    13722 ELM STREET
    NORWOOD,LA70761     		    700 MOBILE & PORTABLE RADIOS 10,000
    PARISHWIDE FIRE PROTECTION DISTRICT
    8098 FLORIDA BLVD
    DENHAM SPRINGS,LA70726     		    PERSONAL PROTECTIVE EQUIPMENT UPGRADE 100,000
    SILLIMAN INSTITUTE
    10830 BANK ST
    CLINTON,LA70722     		    MOVING FORWARD IN TECHNOLOGY 200,000
    SLAUGHTER COMMUNITY CHARTER SCHOOL
    2944 LA 412
    SLAUGHTER,LA70777     		    TECHNOLOGY AND FACILITY IMPROVEMENTS 65,000
    SLAUGHTER ELEMENTARY SCHOOL
    3170 CHURCH ST
    SLAUGHTER,LA70777     		    POSITIVE BEHAVIOR SUPPORT/TECHNOLOGY 50,000
    SLAUGHTER POLICE DEPARTMENT
    804 W RAILROAD AVE
    SLAUGHTER,LA70777     		    2020 PROJECT TO CONTINUE IMPROVING OPERATIONS 7,000
    TALLAHATCHIE GENERAL MEDICAL FOUNDATION
    141 DR T T LEWIS CIR
    CHARLESTON,MS38921     		    CHARLESTON RURAL HEALTH CLINIC INDIGENT 50,000
    TALLAHATCHIE GENERAL MEDICAL FOUNDATION
    141 DR T T LEWIS CIR
    CHARLESTON,MS38921     		    EXPANDING TELEHEALTH 25,000
    TOWN OF JACKSON MARSHAL'S OFFICE
    1610 CHARTER ST
    JACKSON,LA70748     		    2021 PATROL UNIT - FORD INTERCEPTOR 44,000
    TOWN OF SLAUGHTER
    3337 CHURCH ST
    SLAUGHTER,LA70777     		    EMERGENCY COMPUTER SYSTEM FAILURE 45,000
    TOWN OF SLAUGHTER
    3337 CHURCH ST
    SLAUGHTER,LA70777     		    MAINTENANCE ROAD REPAIR EQUIPMENT 68,000
    VILLAGE OF NORWOOD
    3814 AZALEA ST
    NORWOOD,LA70761     		    EQUIPMENT GRANT 25,000
    ZACHARY POLICE DEPARTMENT
    4510 MAIN ST
    ZACHARY,LA70791     		    DART 10,000
    ZACHARY POLICE DEPARTMENT
    4510 MAIN ST
    ZACHARY,LA70791     		    LPR AND FIREARMS TRAINING 10,000
    CHARITYSMITH NONPROFIT FOUNDATION
    13100 FILLY LN
    TRUCKEE,CA96161     		    MEGAN'S MEMORY SCHOLARSHIP FUND 40,000
    ARTS COUNCIL OF GREATER BATON ROUGE
    233 ST FERDINAND ST
    BATON ROUGE,LA70802     		    DANCE FOR ALL 50,000
    PENNINGTON BIOMEDICAL RESEARCH FOUNDATION
    6400 PERKINS ROAD
    BATON ROUGE,LA70808     		    MENTAL HEALTH AND RESILIENCE FOR ATHLETES 25,000
    CHILDREN'S HEALTH FUND
    215 WEST 125TH STREET
    NEW YORK,NY10027     		    OVERCOMING ACCESS BARRIERS: BRINGING HEALTHCARE 25,000
    DYSLEXIA RESOURCE CENTER
    3172 GOVERNMENT ST
    BATON ROUGE,LA70806     		    ONLINE DYSLEXIA CURRICULUM DEVELOPMENT PROJECT 20,000
    GIRLS ON THE RUN SOUTH LOUISIANA
    2041 PERKINS RD
    BATON ROUGE,LA70808     		    RELEVANT PROGRAMMING RESILIENT GIRLS 10,000
    GOVERN FOR AMERICA
    PO BOX 1875
    LIVINGSTON,NJ07039     		    NEXT GENERATION LEADERSHIP FOR COVID-19 35,000
    INNOCENCE PROJECT NEW ORLEANS
    4051 ULLOA ST
    NEW ORLEANS,LA70119     		    EXPOSING WRONGFUL CONVICTIONS IN GBR 10,000
    KNOCK KNOCK CHILDREN'S MUSEUM
    1900 DALRYMPLE DR
    BATON ROUGE,LA70808     		    KNOCK KNOCK AT YOUR DOOR 25,000
    LOUISIANA ARTS & SCIENCE MUSEUM
    100 S RIVER RD
    BATON ROUGE,LA70801     		    COVID EMERGENCY SUPPORT FOR GENERAL OPERATIONS 50,000
    MANSHIP THEATRE
    100 LAFAYETTE ST
    BATON ROUGE,LA70801     		    OPERATING SUPPORT 2020-2021 10,000
    PENNINGTON BIOMEDICAL RESEARCH FOUNDATION
    6400 PERKINS ROAD
    BATON ROUGE,LA70808     		    2020-2021 ANNUAL FUND FOR EXCELLENCE 10,000
    PENNINGTON BIOMEDICAL RESEARCH FOUNDATION
    6400 PERKINS ROAD
    BATON ROUGE,LA70808     		    UNRESTRICTED GIFT 25,000
    PLANNED PARENTHOOD GULF COAST
    3825 GOVERNMENT ST
    BATON ROUGE,LA70806     		    COMPREHENSIVE REPRODUCTIVE HEALTH CARE 25,000
    PLAYMAKERS OF BATON ROUGE INC
    10 TOWER DR
    BATON ROUGE,LA70808     		    PLAYMAKERS OPERATIONAL SUPPORT DURING COVID 10,000
    SOCIETY OF ST VINCENT DE PAUL
    220 ST VINCENT DE PAUL DR
    BATON ROUGE,LA70802     		    2020 APPLICATION FOR SUPPORT 50,000
    ST ALOYSIUS SCHOOL
    4001 MIMOSA ST
    BATON ROUGE,LA70808     		    ANNUAL GIFT 10,000
    ST JAMES EPISCOPAL DAY SCHOOL
    205 N 4TH ST
    BATON ROUGE,LA70801     		    ANNUAL GIFT 10,000
    ST JOSEPH'S ACADEMY
    3015 BROUSSARD ST
    BATON ROUGE,LA70808     		    ANNUAL GIFT 10,000
    ALLIANCE FOR EATING DISORDER AWARENESS
    4400 N CONGRESS AVE SUITE 100
    WEST PALM BEACH,FL33407     		    THE ALLIANCE'S FREE CLINICIAN-LED VIRTUAL 10,000
    THE PROGERIA RESEARCH FOUNDATION
    200 LAKE ST 102
    PEABODY,MA01960     		    OPERATIONAL SUPPORT NEEDED DUE TO 5,000
    YMCA OF THE CAPITAL AREA
    350 S FOSTER DR
    BATON ROUGE,LA70806     		    POWER SCHOLARS ACADEMY AT THE YMCA 25,000
    YOUNG ENTREPRENEURS ACADEMY OF BR
    900 N 3RD ST
    BATON ROUGE,LA70801     		    YOUNG ENTREPRENEURS ACADEMY OF BR 10,000
    YOUTH OASIS
    260 S ACADIAN THRUWAY
    BATON ROUGE,LA70806     		    YOUNG ADULT SERVICES 10,000
    EAST BATON ROUGE PARISH DA'S OFFICE
    222 ST LOUIS ST SUITE 550
    BATON ROUGE,LA70802     		    STOP THE LOSS DOMESTIC VIOLENCE PREVENTION PROGRAM 75,000
    PENNINGTON BIOMEDICAL RESEARCH FOUNDATION
    6400 PERKINS ROAD
    BATON ROUGE,LA70808     		    CAPACITY BUILDING 85,000
    TOWN OF SLAUGHTER
    3337 CHURCH ST
    SLAUGHTER,LA70777     		    2020 COMMUNICATIONS EQUIPMENT 20,000
    CENTER FOR DISASTER PHILANTHROPY (CDP)
    ONE THOMAS CIRCLE NW SUITE 700
    WASHINGTON,DC20005     		    STRATEGIC DEVELOPMENT COMMUNICATIONS 30,000
    EAST FELICIANA PARISH SCHOOL BOARD
    12732 SILLIMAN ST
    CLINTON,LA70722     		    EAST FELICIANA AFTERSCHOOL PROGRAM: LEARNING 10,000
    ENERGY TRANSFER OPERATING K-1
    8111 WESTCHESTER DRIVE SUITE 600
    DALLAS,TX75225     		    ANNUAL GIFT 7
    GENESIS ENERGY K-1
    919 MILAM SUITE 2100
    HOUSTON,TX77002     		    ANNUAL GIFT 9
    MAGELLAN MIDSTREAM PARTNERS K-1
    PO BOX 22186
    TULSA,OK74121     		    ANNUAL GIFT 6
    PLAINS ALL AMERICAN K-1
    333 CLAY ST SUITE 1600
    HOUSTON,TX77002     		    ANNUAL GIFT 4
    Total .................................bullet 3a 5,677,324
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,710  
    4 Dividends and interest from securities.... 211110 564 14 1,220,778  
    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..... 522100 76,994 15 442,804  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 4,297,831  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 77,558 5,964,123 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,041,681
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 34,523 17,262 0 0

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

    TY 2020 DepreciationSchedule
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    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
    RUG 2008-06-30 604 302 200DB 7.000000000000 0 0 0  
    RECEPTION DESK 2008-02-12 10,474 5,237 200DB 7.000000000000 0 0 0  
    FILE CABINETS 2008-02-12 1,955 977 200DB 7.000000000000 0 0 0  
    PHONE 2008-02-09 322 161 200DB 5.000000000000 0 0 0  
    HEADSET 2008-06-25 301 150 200DB 5.000000000000 0 0 0  
    OFFICE DECOR 2008-03-28 180 90 200DB 7.000000000000 0 0 0  
    BENCHS/STOOLS 2008-03-28 2,200 1,098 200DB 7.000000000000 0 0 0  
    4 DESK CHAIRS 2008-03-19 1,149 574 200DB 7.000000000000 0 0 0  
    CREDENZA 2008-03-19 492 246 200DB 7.000000000000 0 0 0  
    FURNITURE - 4 DRAWERS 2008-03-04 641 320 200DB 7.000000000000 0 0 0  
    ART - DAY 39 2008-04-16 2,889 1,444 200DB 7.000000000000 0 0 0  
    ART - BAMBOO SONG 2008-04-16 2,256 1,128 200DB 7.000000000000 0 0 0  
    COMPUTER MONITOR 2008-03-27 273 136 200DB 5.000000000000 0 0 0  
    DESKTOP 2008-02-27 941 469 200DB 5.000000000000 0 0 0  
    DESKTOP 2008-02-27 941 469 200DB 5.000000000000 0 0 0  
    MONITOR 2008-02-27 255 127 200DB 5.000000000000 0 0 0  
    MONITOR 2008-02-27 255 127 200DB 5.000000000000 0 0 0  
    MONITOR 2008-02-27 255 127 200DB 5.000000000000 0 0 0  
    LAPTOP 2008-02-27 2,726 1,363 200DB 5.000000000000 0 0 0  
    LAPTOP 2008-02-27 2,726 1,363 200DB 5.000000000000 0 0 0  
    PRINTER 2008-02-27 462 231 200DB 5.000000000000 0 0 0  
    PHONE SYSTEM 2008-02-27 6,848 3,423 200DB 5.000000000000 0 0 0  
    NETWORK BACKUP SYSTEM 2008-02-27 680 340 200DB 5.000000000000 0 0 0  
    RUG 2008-02-18 1,356 678 200DB 7.000000000000 0 0 0  
    ART - CANNAS 2008-02-20 4,796 2,398 200DB 7.000000000000 0 0 0  
    3 CHAIRS 2008-02-12 2,397 1,198 200DB 7.000000000000 0 0 0  
    4 TABLES 2008-02-09 1,818 909 200DB 7.000000000000 0 0 0  
    WORKTOP TABLE 2008-02-09 2,255 1,127 200DB 7.000000000000 0 0 0  
    CREDENZA 2008-02-09 3,248 1,624 200DB 7.000000000000 0 0 0  
    TABLE 2008-02-09 764 382 200DB 7.000000000000 0 0 0  
    SOFA 2008-02-09 1,758 878 200DB 7.000000000000 0 0 0  
    2 ARMCHAIRS 2008-02-09 1,986 993 200DB 7.000000000000 0 0 0  
    2 METAL ARMCHAIRS 2008-02-09 3,502 1,750 200DB 7.000000000000 0 0 0  
    2 WHITE ARMCHAIRS 2008-02-09 723 360 200DB 7.000000000000 0 0 0  
    ROUND TABLE 2008-02-09 318 159 200DB 7.000000000000 0 0 0  
    WORKTOP TABLE 2008-02-09 2,255 1,127 200DB 7.000000000000 0 0 0  
    8 ASH CHAIRS 2008-02-09 2,679 1,339 200DB 7.000000000000 0 0 0  
    LAMP 2008-02-09 593 294 200DB 7.000000000000 0 0 0  
    2 MINI LAMPS 2008-02-09 644 322 200DB 7.000000000000 0 0 0  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITAS ACCOUNTS 19,359,962 28,890,101

    TY 2020 InvestmentsOtherSchedule2
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    1980 PARTNERSHIP AT COST 15,434,945 4,719,029
    EVERGREEN AT COST 23,071,819 33,852,312
    EQUITY HEDGE FUNDS AT COST 5,414,692 5,852,090
    PIEDMONT PARTNERS - LTD. AT COST 4,844,908 4,844,908
    PIEDMONT PARTNERS HEDGE FUNDS AT COST 25,335,910 25,335,910
    THEMELIOS VENTURES AT COST 4,253,611 18,984,739
    UBS ACCOUNTS AT COST 15,133,757 20,988,598
    THEMELIOS VENTURES II AT COST 1,044,409 4,142,257
    RREF II - U DEBT DOMESTIC AT COST 563,736 563,736
    ALPHAKEYS RENAISSANCE INSTITUTIONAL EQUITIES FUND II AT COST 371,498 371,498
    PIEDMONT PARTNERS - OFFSHORE AT COST 2,638,671 2,638,671
    MERRILL LYNCH AT COST 5,005,936 5,452,473

    TY 2020 LandEtcSchedule2
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    RUG 604 604 0  
    RECEPTION DESK 10,474 10,474 0  
    FILE CABINETS 1,955 1,955 0  
    PHONE 322 322 0  
    HEADSET 301 301 0  
    OFFICE DECOR 180 180 0  
    BENCHS/STOOLS 2,200 2,198 2  
    4 DESK CHAIRS 1,149 1,149 0  
    CREDENZA 492 492 0  
    FURNITURE - 4 DRAWERS 641 641 0  
    ART - DAY 39 2,889 2,889 0  
    ART - BAMBOO SONG 2,256 2,256 0  
    COMPUTER MONITOR 273 273 0  
    DESKTOP 941 940 1  
    DESKTOP 941 940 1  
    MONITOR 255 255 0  
    MONITOR 255 255 0  
    MONITOR 255 255 0  
    LAPTOP 2,726 2,726 0  
    LAPTOP 2,726 2,726 0  
    SOFTWARE 1,916 1,916 0  
    PRINTER 462 462 0  
    PHONE SYSTEM 6,848 6,847 1  
    NETWORK BACKUP SYSTEM 680 680 0  
    RUG 1,356 1,356 0  
    ART - CANNAS 4,796 4,796 0  
    3 CHAIRS 2,397 2,397 0  
    4 TABLES 1,818 1,818 0  
    WORKTOP TABLE 2,255 2,255 0  
    CREDENZA 3,248 3,248 0  
    TABLE 764 764 0  
    SOFA 1,758 1,757 1  
    2 ARMCHAIRS 1,986 1,986 0  
    2 METAL ARMCHAIRS 3,502 3,501 1  
    2 WHITE ARMCHAIRS 723 722 1  
    ROUND TABLE 318 318 0  
    WORKTOP TABLE 2,255 2,255 0  
    8 ASH CHAIRS 2,679 2,679 0  
    LAMP 593 591 2  
    2 MINI LAMPS 644 644 0  


    TY 2020 LegalFeesSchedule
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 947 0 0 0


    TY 2020 OtherAssetsSchedule
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 900 900 900


    TY 2020 OtherDecreasesSchedule
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Description Amount
    NONDEDUCTIBLE EXPENSE 46,729


    TY 2020 OtherExpensesSchedule
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    1980 PARTNERSHIP DEDUCTIONS 28,005 28,005 0 0
    INVESTMENT EXPENSES 108,101 108,101 0 0
    DEDUCTIONS - THEMELIOS VENTURES 23,074 23,074 0 0
    DUES & SUBSCRIPTIONS 5,288 0 0 0
    EVERGREEN DEDUCTIONS 683,643 683,643 0 0
    TELEPHONE EXPENSE 1,043 0 0 0
    MEALS & ENTERTAINMENT 261 0 0 0
    OFFICE EXPENSE 5,821 0 0 0
    PENNCO DEDUCTIONS 11,525 0 0 0
    POSTAGE 514 0 0 0
    COMPUTER SERVICES 12,702 0 0 0
    TRAVEL 2,218 0 0 0
    INSURANCE 15,869 0 0 0
    DEDUCTIONS - RREF III-U DEBT DOMESTIC 9,854 9,854 0 0
    DEDUCTIONS - ABBEY CAPITAL 5,630 5,630 0 0
    DEDUCTIONS - ALPHAKEYS 5,297 5,297 0 0
    DEDUCTIONS - PIEDMONT PARTNERS 63,273 63,273 0 0
    DEDUCTIONS - UBS 1,570 1,570 0 0
    BOND PREMIUM 1,224 1,224 0 0
    HEDGE FUND LOSS 1,465,869 1,465,869 0 0


    TY 2020 OtherIncomeSchedule2
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    1980 PARTNERSHIP - ROYALTIES 126,054 126,054  
    PENNCO ENERGY, INC. - ROYALTIES 76,994 0  
    PTP - ORDINARY INCOME -37,783 -37,783  
    PTP - OTHER INCOME 986 986  
    PTP - RENTAL INCOME 64 64  
    PTP - PORTFOLIO INCOME 0 0  
    PTP - ROYALTIES 0 0  
    EVERGREEN - ROYALTIES 0 0  
    JP OIL HOLDINGS - ROYALTIES 0 0  
    FALCON V - ROYALTIES 11,459 11,459  
    PIEDMONT PARTNERS - ROYALTIES 0 0  
    NON-PTP - ORDINARY INCOME -29,293 -29,293  
    NON-PTP - OTHER INCOME 254,378 254,378  
    NON-PTP - RENTAL INCOME 366 366  
    NON-PTP - PORTFOLIO INCOME 47,728 47,728  
    NON-PTP - TAX-EXEMPT INCOME 4,932 4,932  
    MISCELLANEOUS INCOME 63,913 63,913  
    1980 PARTNERSHIP - RENTAL INCOME 0 0  
    PENNCO ENERGY, INC. - UBTI 0 0  


    TY 2020 OtherIncreasesSchedule
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Description Amount
    NONTAXABLE DISTRIBUTIONS 118,741


    TY 2020 OtherLiabilitiesSchedule
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Description Beginning of Year - Book Value End of Year - Book Value
    PPP LOAN 0 54,900


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 137 0 0 0
    INVESTMENT FEES 336,870 336,870 0 0
    CONSULTING FEES 2,680 0 0 0


    TY 2020 TaxesSchedule
    Name:
    IRENE W AND C B PENNINGTON FOUNDATION
    EIN:
    72-0938097
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX 2,064 0 0 0
    FOREIGN TAX 43,957 43,957 0 0
    SEVERANCE TAX 1,254 0 0 0
    PAYROLL TAX 23,482 0 0 0