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 08-01-2020 , and ending 07-31-2021
Name of foundation
PATTON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)128 S TRYON ST SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28202
A Employer identification number

23-7026742
B Telephone number (see instructions)

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$818,075J 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 2  
4 Dividends and interest from securities... 14,238 14,408  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 46,168
b Gross sales price for all assets on line 6a 280,979
7 Capital gain net income (from Part IV, line 2)... 46,168
8 Net short-term capital gain......... 0
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).......      
12 Total. Add lines 1 through 11........ 60,408 60,578  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 750 750 0 0
c Other professional fees (attach schedule).... Click to see attachment 7,102 7,102   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 379 343   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,231 8,195 0 0
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 8,231 8,195 0 0
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 52,177
b Net investment income (if negative, enter -0-) 52,383
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.............      
2 Savings and temporary cash investments......... 13,456 16,028 16,028
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 586,625 Click to see attachment605,862 771,714
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)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment30,333 Click to see attachment30,333
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 600,081 652,223 818,075
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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........ 600,081 652,223
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)..... 600,081 652,223
30 Total liabilities and net assets/fund balances (see instructions). 600,081 652,223
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
600,081
2
Enter amount from Part I, line 27a .....................
2
52,177
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
652,258
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
35
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
652,223
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 9.489 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467   2019-04-02 2020-10-05
b 26.346 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260     2020-10-05
c 188.782 COLUMBIA SMALL CAP INDEX FUND INTL #444     2020-10-05
d 90.503 COLUMBIA SMALL CAP INDEX FUND INTL #444   2016-10-07 2020-10-05
e 100.485 FEDERATED HERMES MDT SMALL CAP CORE FUND   2019-04-02 2020-10-05
1775.981 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830     2020-10-05
1189.078 FIDELITY LARGE CAP GROWTH INDEX FUND #2826     2020-10-05
10.009 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4     2020-10-05
628.672 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336     2020-10-05
13.874 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023     2020-10-05
9.986 MORGAN STANLEY INST GROWTH IR #8708     2020-10-05
20.653 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726   2020-07-13 2020-10-05
64.53 PIMCO STOCKSPLUS SMALL FUND - INST #1885   2020-01-06 2020-10-05
3.702 PIMCO STOCKSPLUS SMALL FUND - INST #1885     2020-10-05
203.661 PIMCO STOCKSPLUS SMALL FUND - INST #1885   2019-01-10 2020-10-05
16.71 PIMCO STOCKSPLUS SMALL FUND - INST #1885     2020-10-05
21.454 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269     2020-10-05
1. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2020-07-13 2020-10-05
2.301 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2020-10-05
127.353 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2020-10-05
6.363 COLUMBIA SMALL CAP INDEX FUND INTL #444   2020-03-18 2020-10-06
28.964 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830   2020-03-16 2020-10-06
24.471 FIDELITY LARGE CAP GROWTH INDEX FUND #2826   2020-04-06 2020-10-06
11.593 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336   2020-03-16 2020-10-06
13.891 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046   2018-04-03 2021-01-07
140.894 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896   2018-07-02 2021-01-07
13.641 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467   2020-01-06 2021-01-11
110.929 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST   2019-11-13 2021-01-11
64.181 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K   2019-11-13 2021-01-11
86.115 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804     2021-01-11
7.149 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943   2020-01-06 2021-01-11
29.935 COLUMBIA SELECT LARGE CAP VALUE FUND CL I3 #6674     2021-01-11
30.285 DIAMOND HILL LARGE CAP FUND CLASS Y #2509     2021-01-11
36.624 FEDERATED HERMES MDT SMALL CAP CORE FUND   2020-01-06 2021-01-11
127.421 FIDELITY MID CAP VALUE INDEX FUND #3404     2021-01-11
77.574 FIDELITY MID CAP GROWTH INDEX FUND #3403     2021-01-11
18.721 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4   2020-01-06 2021-01-11
75.588 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4   2020-01-06 2021-01-11
4.323 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148   2020-01-06 2021-01-11
76.345 WCM FOCUSED INTERNATIONAL GROWTH FUND #840     2021-01-11
44. ISHARES RUSSELL TOP 200 VALUE ETF     2021-01-11
42.787 LAZARD INTERNATIONAL EQUITY INST #632     2021-01-11
19.728 MFS MID CAP VALUE R6 #4837   2019-11-13 2021-01-11
23.061 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196   2019-10-07 2021-01-11
10.231 MORGAN STANLEY INST GROWTH IR #8708   2019-10-07 2021-01-11
20.394 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046   2018-04-03 2021-01-11
168.186 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896   2018-07-02 2021-01-11
210.847 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321     2021-01-11
69.601 PIMCO STOCKSPLUS SMALL FUND - INST #1885     2021-01-11
33.894 PIMCO STOCKSPLUS SMALL FUND - INST #1885   2020-01-06 2021-01-11
3.067 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524   2016-05-31 2021-01-11
15.099 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531   2020-01-06 2021-01-11
114.45 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245   2020-01-06 2021-01-11
1.118 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2021-01-11
9. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX     2021-01-11
14.978 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662   2019-10-07 2021-01-11
85.563 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467     2021-04-06
51.852 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST   2019-11-13 2021-04-06
1217.025 BAIRD AGGREGATE BOND FUND INST #72     2021-04-06
3164.577 BAIRD AGGREGATE BOND FUND INST #72     2021-04-06
19.622 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260     2021-04-06
50.599 COLUMBIA SELECT LARGE CAP VALUE FUND CL I3 #6674     2021-04-06
36.379 DIAMOND HILL LARGE CAP FUND CLASS Y #2509   2020-10-05 2021-04-06
138.398 FIDELITY MID CAP VALUE INDEX FUND #3404   2020-03-06 2021-04-06
197.77 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4     2021-04-06
58.208 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4   2020-01-06 2021-04-06
65. ISHARES RUSSELL TOP 200 VALUE ETF   2020-10-05 2021-04-06
2. ISHARES RUSSELL TOP 200 GROWTH ETF   2021-01-11 2021-04-06
33.158 MFS MID CAP VALUE R6 #4837     2021-04-06
165.94 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046     2021-04-06
15.989 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269     2021-04-06
2. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2021-01-11 2021-04-06
5.374 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531   2020-01-06 2021-04-06
58.554 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245   2020-01-06 2021-04-06
1.253 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2021-04-06
8.841 VANGUARD SHORT TERM BOND INDEX ADM #5132   2020-07-13 2021-04-06
1650.064 VANGUARD SHORT TERM BOND INDEX ADM #5132     2021-04-06
7.9 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662   2019-10-07 2021-04-06
3.397 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K   2019-11-13 2021-04-07
2. ISHARES RUSSELL TOP 200 GROWTH ETF   2021-01-11 2021-04-07
1.201 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046   2019-07-03 2021-04-07
1.19 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269   2021-01-11 2021-04-07
1.342 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662   2019-10-07 2021-04-07
. BALTER L/S SMALL CAP EQUITY FUND INST     2021-05-07
1.047 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467   2019-04-02 2021-07-07
7.6 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943   2020-01-06 2021-07-07
31.16 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852   2019-10-07 2021-07-07
198.404 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260     2021-07-07
170.939 FIDELITY MID CAP GROWTH INDEX FUND #3403   2020-03-11 2021-07-07
14.234 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148   2020-01-06 2021-07-07
48. ISHARES RUSSELL TOP 200 GROWTH ETF   2020-05-15 2021-07-07
5.445 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023     2021-07-07
179.185 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269     2021-07-07
1. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2021-01-11 2021-07-07
4.068 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524     2021-07-07
48.908 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524     2021-07-07
105.136 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851   2020-07-24 2021-07-30
4.864 ARTISAN INTERNATIONAL SMALL-MID FUND INSTL #2467   2020-07-24 2021-07-30
1.453 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST   2020-07-24 2021-07-30
266.407 BAIRD INTERMEDIATE BOND FD INSTL #70     2021-07-30
88.02 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804     2021-07-30
5.141 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943   2020-01-06 2021-07-30
11.508 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852   2019-10-07 2021-07-30
2.79 COLUMBIA SELECT LARGE CAP VALUE FUND CL I3 #6674   2020-10-05 2021-07-30
7.258 DIAMOND HILL LARGE CAP FUND CLASS Y #2509   2020-10-05 2021-07-30
10.498 FEDERATED HERMES MDT SMALL CAP CORE FUND     2021-07-30
76.433 FIDELITY MID CAP VALUE INDEX FUND #3404   2020-03-06 2021-07-30
26.864 FIDELITY MID CAP GROWTH INDEX FUND #3403     2021-07-30
12.483 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4   2015-05-08 2021-07-30
17.853 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148   2020-01-06 2021-07-30
52.722 WCM FOCUSED INTERNATIONAL GROWTH FUND #840   2020-04-06 2021-07-30
50. ISHARES RUSSELL TOP 200 VALUE ETF     2021-07-30
25. ISHARES RUSSELL TOP 200 GROWTH ETF   2020-07-13 2021-07-30
41.525 LAZARD INTERNATIONAL EQUITY INST #632   2019-04-02 2021-07-30
5.182 MFS MID CAP VALUE R6 #4837   2019-07-03 2021-07-30
6.983 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023   2020-07-13 2021-07-30
20.533 NUANCE MID CAP VALUE FUND CLASS Z   2020-01-06 2021-07-30
10.937 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196   2019-10-07 2021-07-30
10.821 MORGAN STANLEY INST GROWTH IR #8708   2019-10-07 2021-07-30
12.245 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726   2020-07-13 2021-07-30
9.892 PEAR TREE POLARIS FGN VAL SM CAP R6 #1046   2019-07-03 2021-07-30
75.678 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896   2018-07-02 2021-07-30
127.507 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321     2021-07-30
1.565 PIMCO STOCKSPLUS SMALL FUND - INST #1885   2020-04-06 2021-07-30
1. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2020-07-13 2021-07-30
16.341 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2021-07-30
5.365 VANGUARD SHORT TERM BOND INDEX ADM #5132   2020-07-13 2021-07-30
6.117 VANGUARD SHORT TERM BOND INDEX ADM #5132   2020-07-13 2021-07-30
4. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX   2020-07-13 2021-07-30
9.748 WELLS FARGO SPECIAL MID CAP VALUE FUND CLASS R6 #4662   2019-10-07 2021-07-30
3.163 WELLS FARGO CORE BOND FUND CLASS R6 #4657   2020-07-24 2021-07-30
168.416 WELLS FARGO CORE BOND FUND CLASS R6 #4657   2020-07-24 2021-07-30
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 169   126 43
b 411   377 34
c 3,898   3,252 646
d 1,869   2,022 -153
e 1,864   1,932 -68
21,028   18,838 2,190
25,946   18,811 7,135
117   114 3
19,791   19,767 24
154   150 4
896   575 321
215   204 11
578   636 -58
33   37 -4
1,823   1,813 10
150   162 -12
546   504 42
39   40 -1
166   183 -17
9,160   10,109 -949
131   89 42
340   263 77
525   380 145
361   288 73
156   164 -8
1,671   1,613 58
284   210 74
1,553   1,170 383
1,885   1,336 549
1,290   1,154 136
319   220 99
863   815 48
946   885 61
909   734 175
2,886   2,412 474
2,245   1,833 412
240   224 16
932   742 190
281   214 67
1,930   1,225 705
2,619   2,475 144
875   761 114
536   495 41
913   527 386
969   500 469
228   241 -13
1,993   1,926 67
1,419   1,222 197
816   575 241
398   334 64
358   231 127
859   707 152
1,592   1,320 272
91   89 2
1,503   1,175 328
668   600 68
1,778   1,230 548
728   547 181
13,850   14,340 -490
36,013   34,331 1,682
353   310 43
1,604   1,305 299
1,254   1,023 231
3,507   2,563 944
2,749   2,290 459
734   571 163
4,202   3,364 838
279   266 13
1,006   815 191
2,056   1,772 284
456   404 52
88   83 5
305   252 53
818   675 143
110   99 11
95   96 -1
17,788   17,969 -181
389   316 73
96   71 25
279   266 13
15   12 3
34   30 4
66   54 12
49     49
23   14 9
373   234 139
1,993   1,376 617
3,952   2,824 1,128
5,335   3,075 2,260
1,069   705 364
7,409   4,687 2,722
71   66 5
5,698   4,216 1,482
47   41 6
510   437 73
6,127   3,683 2,444
1,044   1,087 -43
106   78 28
19   16 3
3,085   3,071 14
1,418   1,057 361
247   158 89
741   508 233
91   71 20
261   204 57
289   205 84
2,014   1,416 598
843   512 331
184   135 49
1,345   885 460
1,482   845 637
3,354   2,503 851
3,901   2,873 1,028
882   723 159
163   125 38
90   76 14
316   278 38
438   250 188
1,130   529 601
144   121 23
128   102 26
949   866 83
839   563 276
18   10 8
47   40 7
1,499   1,297 202
58   58  
66   67 -1
358   230 128
502   390 112
42   45 -3
2,240   2,376 -136
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
      6,851
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       43
b       34
c       646
d       -153
e       -68
      2,190
      7,135
      3
      24
      4
      321
      11
      -58
      -4
      10
      -12
      42
      -1
      -17
      -949
      42
      77
      145
      73
      -8
      58
      74
      383
      549
      136
      99
      48
      61
      175
      474
      412
      16
      190
      67
      705
      144
      114
      41
      386
      469
      -13
      67
      197
      241
      64
      127
      152
      272
      2
      328
      68
      548
      181
      -490
      1,682
      43
      299
      231
      944
      459
      163
      838
      13
      191
      284
      52
      5
      53
      143
      11
      -1
      -181
      73
      25
      13
      3
      4
      12
      49
      9
      139
      617
      1,128
      2,260
      364
      2,722
      5
      1,482
      6
      73
      2,444
      -43
      28
      3
      14
      361
      89
      233
      20
      57
      84
      598
      331
      49
      460
      637
      851
      1,028
      159
      38
      14
      38
      188
      601
      23
      26
      83
      276
      8
      7
      202
       
      -1
      128
      112
      -3
      -136
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 46,168
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................................ 1 728
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........................... 3 728
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- ..... 5 728
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 377
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 377
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 352
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 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$   (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
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    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 addressbullet  
    14
    The books are in care ofbulletFIRST CITIZENS BANK, ATTN EMILY JONES Telephone no.bullet (704) 338-3818

    Located atbullet128 S TRYON ST STE 300CHARLOTTENC ZIP+4bullet28202
    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
    John C Patton Director
    1     		0    
    9568 Van Wyck Rd
    Lancaster,SC29720
    J Darren Patton Director
    1     		0    
    9568 Van Wyck Rd
    Lancaster,SC29720
    Jed W Patton Director
    1     		0    
    9568 Van Wyck Rd
    Lancaster,SC29720
    Cindy O Patton Director
    1     		0    
    9568 Van Wyck Rd
    Lancaster,SC29720
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    737,992
    b
    Average of monthly cash balances.......................
    1b
    14,184
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    752,176
    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
    752,176
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    11,283
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    740,893
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    37,045
    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
    37,045
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    728
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    728
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    36,317
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    36,317
    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
    36,317
    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
    0
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    0
    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
    0
    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 36,317
    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...... 1,880
    b From 2016...... 988
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 2,868
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 0
    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..... 0
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 2,868 2,868
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		33,449
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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
    Total .................................bullet 3a  
    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 2  
    4 Dividends and interest from securities....     14 14,238  
    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 46,168  
    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)..   60,408  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    60,408
    (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:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 750 750    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS INTERNATIONAL SM 2,339 3,472
    PIMCO STOCKSPLUS INTL FUND 12,111 18,054
    BAIRD AGGREGATE BOND FD    
    AMERICAN BEACON BRIDGEWAY LARG    
    LAZARD INTL EQUITY 16,010 19,205
    MFS MID CAP VALUE 6,450 10,061
    PEAR TREE POLARIS FOREIGN VALU 1,731 2,508
    PRINCIPAL REAL ESTATE SECURITI    
    T ROWE PRICE MID-CAP GROWTH    
    WELLS FARGO SPECIAL MID CAP VA 6,230 8,709
    GOLDMAN SACHS EMERGING INSIGHT 6,103 7,975
    T ROWE PRICE EMERGING MARKETS 7,967 9,566
    TIAA-CREF EMERGING MARKETS EQU 10,918 13,407
    ISHARES MSCI EAFE INTL INDEX 22,351 29,388
    COHEN & STEERS REAL ESTATE SEC    
    WCM FOCUSED INTL GROWTH 14,198 22,634
    PEAR TREE POLARIS FOREIGN VALU 19,298 23,570
    ARTISAN INTL SMALL-MID 1,563 2,678
    PIMCO STOCKPLUS SMALL FD - INS 6,264 8,761
    WELLS FARGO CORE BD FD-R6 46,731 47,380
    ASHMORE EMERGING MARKETS ACTIV 9,479 11,330
    BALLIE GIFFORD EMERGING MARKET 8,514 10,718
    CARILLON CLARIVEST CAPITAL APP 15,306 21,630
    COLUMBIA SMALL CAP INDEX FUND    
    FIDELITY LARGE CAP VALUE INDEX    
    JPMORGAN VALUE ADVANTAGE FUND    
    JACKSON SQUARE SMID-CAP GROWTH 2,991 5,156
    MORGAN STANLEY INST GROWTH IR 9,138 18,389
    BLACKROCK MID-CAP GROWTH EQUIT 4,043 6,322
    FEDERATED HERMES MDT SC CORE 4,420 6,789
    FIDELITY MID CAP VALUE INDEX 26,053 40,181
    FIDELITY MID CAP GROWTH INDEX 12,737 23,633
    T ROWE PRICE INSTI LC 14,311 21,500
    MAINSTAY CBRE GLOBAL INFRASTUR 2,848 3,375
    NUANCE MID CAP VALUE 6,979 8,069
    NUVEEN GLOBAL INFRASTRUCTU4RE 3,005 3,552
    VANGUARD EQUITY INCOME 12,019 15,168
    ISHARES RUSSELL TOP 200 VALUE 51,570 70,036
    ISHARES RUSSELL TOP 200 GROWTH 67,197 93,497
    PROSHARES TR DJ BROOKFIELD GLO 1,467 1,721
    VANGUARD SCOTTSDALE 10,096 12,763
    VANGUARD SHORT TERM BD 34,862 34,602
    FIDELITY LARGE CAP GROWTH INDE    
    COLUMBIA SELECT LC VALUE FUND 13,550 17,470
    DIAMOND HILL LC FUND 10,939 13,994
    SPYGLASS GROWTH FUND INST 4,395 4,259
    AMERICAN BEACON GARCIA HAMILTO 29,334 29,111
    BAIRD INTERMEDIATE BOND FD INS 70,345 71,081

    TY 2020 OtherAssetsSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PENDING TRADES   30,333 30,333


    TY 2020 OtherDecreasesSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Description Amount
    ROUNDING 2
    COST BASIS ADJUST FOR RETURN OF CAPITAL 33


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 7,102 7,102    


    TY 2020 TaxesSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 36 0   0
    FOREIGN TAXES ON QUALIFIED FOR 313 313   0
    FOREIGN TAXES ON NONQUALIFIED 30 30   0