TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
HW DURHAM FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)5050 POPLAR AVENUE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MEMPHIS, TN38157

A Employer identification number

62-0583854

B Telephone number (see instructions)

(901) 683-3583

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$12,655,674J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	64,505		64,505
4	Dividends and interest from securities...	140,543		140,543
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		222,169
b	Gross sales price for all assets on line 6a 4,348,129
7	Capital gain net income (from Part IV, line 2)...			222,169
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).......
12	Total. Add lines 1 through 11........	427,217		427,217
13	Compensation of officers, directors, trustees, etc.	207,117		74,537	132,580
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	32,997		7,894	25,103
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		11,250	7,313	3,938
c	Other professional fees (attach schedule)....		68,440	68,440
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		9,677	6,117	77
19	Depreciation (attach schedule) and depletion...		4,663	4,663
20	Occupancy..............	19,324		1,932	17,392
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		30,840	5,847	24,994
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	384,308		176,743	204,084
25	Contributions, gifts, grants paid.......	258,136			258,136
26	Total expenses and disbursements. Add lines 24 and 25	642,444		176,743	462,220
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-215,227
b	Net investment income (if negative, enter -0-)			250,474
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	18,786	52,321	52,321
	2	Savings and temporary cash investments.........	216,023	671,007	671,007
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	11,701
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	8,363,206	9,210,613	9,210,613
	c	Investments—corporate bonds (attach schedule).......	2,014,796	2,048,998	2,048,998
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,104,596	672,735	672,735
	14	Land, buildings, and equipment: basis 54,536
		Less: accumulated depreciation (attach schedule) 53,359	5,840	1,177
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	11,734,948	12,656,851	12,655,674
	17	Accounts payable and accrued expenses..........	2,853	3,042
	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 )
	23	Total liabilities (add lines 17 through 22).........	2,853	3,042
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	11,732,095	12,653,809
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	11,732,095	12,653,809
	30	Total liabilities and net assets/fund balances (see instructions).	11,734,948	12,656,851

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

11,732,095

Enter amount from Part I, line 27a .....................

-215,227

Other increases not included in line 2 (itemize) bullet

1,136,941

Add lines 1, 2, and 3 ..........................

12,653,809

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

12,653,809

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
1 a	PUBLICLY TRADED SECURITIES - ST	P
b	PUBLICLY TRADED SECURITIES - LT	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,376,864	1,563,165	-186,301
b	2,877,188	2,562,795	314,393
c
d
e

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			-186,301
b			314,393
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	222,169
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 ...................		3	128,092

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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	3,482
c	All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	3,482
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,482
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	3,360
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,360
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	122
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.DURHAMFOUNDATION.ORG

The books are in care of bullet

JENKS E MCCORY Telephone no. bullet

(901) 683-3583

Located at bullet

5050 POPLAR AVENUE STE 1007MEMPHISTN ZIP+4 bullet

38157

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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-)
CHRISTOPHER COOPER	SECRETARY 40.00	124,332
6678 N KIRBY OAKS DRIVE MEMPHIS,TN38119	SECRETARY 40.00	124,332
JENKS E MCCORY	PRESIDENT 40.00	82,785
345 CINNAMON DRIVE MEMPHIS,TN38117	PRESIDENT 40.00	82,785
HUGH MCHENRY	DIRECTOR 1.00	0
265 RIDGECREST LANE KILLEN,AL35645	DIRECTOR 1.00	0
JOHN B COLEMAN JR	VICE PRESIDE 1.00	0
3535 KIRBY RD APT M115 MEMPHIS,TN38115	VICE PRESIDE 1.00	0
JUSTIN TAYLOR	DIRECTOR 1.00	0
5050 POPLAR AVE SUITE 1007 MEMPHIS,TN38157	DIRECTOR 1.00	0
KAYE D BROOKSBANK	DIRECTOR 1.00	0
251 BREMINGTON PL MEMPHIS,TN38111	DIRECTOR 1.00	0
LINDA NICHOLS	DIRECTOR 1.00	0
2195 POPLAR AVE 408 MEMPHIS,TN38104	DIRECTOR 1.00	0
EVERTT HUFFARD	DIRECTOR 1.00	0
5050 POPLAR AVE SUITE 1007 MEMPHIS,TN38157	DIRECTOR 1.00	0
DAVID KABAHOFF	DIRECTOR 1.00	0
2804 FAIRWAY GLEN COLLIERVILLE,TN38017	DIRECTOR 1.00	0

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...................

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

9,346,161

Average of monthly cash balances.......................

863,987

Fair market value of all other assets (see instructions)................

1,177

Total (add lines 1a, b, and c).........................

10,211,325

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

10,211,325

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

153,170

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

10,058,155

Minimum investment return. Enter 5% of line 5..................

502,908

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.)

Minimum investment return from Part X, line 6....................

502,908

Tax on investment income for 2020 from Part VI, line 5......

3,482

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

3,482

Distributable amount before adjustments. Subtract line 2c from line 1............

499,426

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

499,426

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

499,426

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

462,220

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

462,220

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

462,220

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7			499,426
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2020:
a From 2015......	139,049
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........		139,049
4Qualifying distributions for 2020 from Part
XII, line 4: $ 462,220
a Applied to 2019, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2020 distributable amount.....			462,220
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2020.		37,206	37,206
(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		101,843
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		101,843
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

Form 990-PF (2020)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

JENKS MCCORY
5050 POPLAR AVE STE 1007
MEMPHIS,TN38157
(901) 683-3583

bThe form in which applications should be submitted and information and materials they should include:

LETTER OF INTENT OUTLINING IDEA, PURPOSE AND ORGANIZATION DESCRIPTION.

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

GRANTS ARE MADE TO BENEFIT THE ELDERLY PRIMARILY IN MEMPHIS, TENNESSEE AND THE MID-SOUTH (INCLUDING WEST TENNESSEE, NORTHEAST ARKANSAS & NORTHWEST MISSISSIPPI). SOME EXCEPTIONS EXIST FOR PROJECTS OF NATIONAL SIGNIFICANCE THAT COULD BE REPLICATED IN THE LOCAL AREA.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALZHEIMER'S DAY SERVICES 3185 HICKORY HILL ROAD MEMPHIS,TN38115		PC	ADULT DAY CARE	16,000
CHURCH HEALTH CENTER 1350 CONCOURSE AVENUE SUITE 142 MEMPHIS,TN38104		PC	MEDICAL CARE FOR SENIORS	30,000
COMMUNITY LEGAL CENTER 243 ADAMS AVE MEMPHIS,TN38104		PC	LEGAL SERVICES	18,977
CREATIVE AGING 200 JEFFERSON AVE 707 MEMPHIS,TN38103		PC	SENIOR ARTS PERFORMANCE	30,800
ELMWOOD CEMETARY 824 S DUDLEY ST MEMPHIS,TN38104		PC	HISTORIC CEMETARY	5,909
GOLDEN CROSS SENIOR MINISTRIES 1615 APPLING RD CORDOVA,TN38106		PC	HOUSEHOLD ASSISTANCE FOR SENIORS	350
HARDING THEOLOGICAL SEMINARY 1000 CHERRY ROAD MEMPHIS,TN38117		PC	SCHOLARSHIP FOR SENIOR AGE STUDENTS	5,000
MEMPHIS JEWISH HOME 36 BAZEBERRY RD CORDOVA,TN38018		PC	MEDICAL CARE FOR SENIORS	6,687
MID-SOUTH FOOD BANK 239 S DUDLEY ST MEMPHIS,TN38104		PC	FOOD FOR HOMEBOUND SENIORS	65,000
MIFA 910 VANCE AVE MEMPHIS,TN38126		PC	COMPUTERIZING MEALS-ON-WHEELS	54,413
PAIGE ROBBINS ADULT DAY CARE 1961S HOUSTON LEVEE RD COLLIERVILLE,TN38017		PC	ADULT DAY CARE	10,000
SPAY MEMPHIS 3787 SUMMER AVE MEMPHIS,TN38122		PC	VET CARE FOR SENIORS' PETS	15,000
Total ................................. 3a				258,136

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	64,505
4 Dividends and interest from securities....			14	140,543
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	222,169
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)..				427,217

13Total. Add line 12, columns (b), (d), and (e)..................

427,217

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

HW DURHAM FOUNDATION INC

EIN:

62-0583854

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	11,250	7,313		3,938

- TIN:

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

TY 2020 DepreciationSchedule

Name:

HW DURHAM FOUNDATION INC

EIN:

62-0583854

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
OFFICE FURNITURE	2003-07-31	25,390	25,390	S/L	7.0000
NORTH ATLANTIC PHONE SYSTEM	2007-02-07	3,250	3,250	S/L	7.0000
2 APPLE DESKTOP COMPUTERS	2010-09-08	2,574	2,574	S/L	5.0000
JENKS LAPTOP	2016-01-11	1,638	1,311	S/L	5.0000	327	327
2013 MERCEDES BENZ C300	2016-01-27	21,684	16,171	S/L	5.0000	4,336	4,336

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

HW DURHAM FOUNDATION INC

EIN:

62-0583854

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CITIGROUP INC
WELLS FARGO BK	321,425	321,425
ACE INA HOLDINGS
ADELANTO CALIF PUB UTIL	11,224	11,224
AETNA US HEALTHCARE	36,825	36,825
ALAMEDA CORRIDOR	50,246	50,246
ALLENTOWN PA	55,405	55,405
AMERICAN MUN PWR	14,896	14,896
ATHENS PA AREA
BANK OF AMERICA CORP SENIOR ME DIUM
BEDFORD PARK ILL	60,115	60,115
CAPITAL ONE FINL CORP
CENTRAL TEXAS REGL	10,151	10,151
CENTRAL TEXAS REGL	24,819	24,819
CHICAGO ILL
CHOWCHILLA	68,339	68,339
CIGNA
CITIGROUP	6,372	6,372
CLEMSON UNIV	5,022	5,022
COLORADO HEALTH	31,973	31,973
CONNECTICUT ARPT	11,000	11,000
EAST RAMAPO	12,649	12,649
ENERGY TRANSFER	10,045	10,045
FEDERAL HOME LOAN
FIRST MIDWEST BANCORP
FIRST NIAGARA FINANCIAL GROUP	31,916	31,916
FULTON FINANCIAL
GOLDMAN SACHS GROUP
GRAYSVILLE ALA GAS	71,548	71,548
HAMDEN CONN	56,610	56,610
HAWTHORNE CALIF CTFS	53,719	53,719
ILLINOIS HSG DEV AUTH	21,592	21,592
ILLINOIS ST	58,222	58,222
INTL LEASE FINANCE
JERSEY CITY NJ
JP MORGAN CHASE & CO	12,826	12,826
LYNN HAVEN	10,074	10,074
MAINE ST HSG	58,416	58,416
MAINE ST HSG	10,427	10,427
MARSHVIILE CLINIC	47,163	47,163
MASSACHUETTS ST
MERICK & CO	24,844	24,844
MORGAN ST DEAN WITTER
MOSAIC	20,900	20,900
NEVADA SYS HIGHER ED	61,115	61,115
NEW JERSEY ECONOMIC DEV	49,977	49,977
NEW YORK ST DORM	15,051	15,051
NEWBURGH CITY	10,273	10,273
OSCEOLA CNTY FLA TOURIST DEV	54,333	54,333
PARK CREEK MET	16,285	16,285
PENNSYLVANIA ST HGR EDUCATION	52,500	52,500
PENNSYLVANIA ST HGR EDUCATION	60,271	60,271
POMONA CALIF	10,523	10,523
PUBLIC FIN AUTH WIS LEASE REV
RANTOUL ILL TAXABLE GO BDS	61,907	61,907
ROUND LAKE PK ILL TAXABLE GO BD	33,550	33,550
SAN BERNARDINO CNTY CALIF	60,888	60,888
SAN DIEGO CA REDEV AGY	61,715	61,715
SEMI TROPIC IMPT	16,220	16,220
STANTON CALIF REDEV AGY	57,556	57,556
SUCCESSOR AGY PITSSBURG CALIF	55,495	55,495
TEMECULA CA REDEV AGY	10,161	10,161
TEVA PHARMA	9,975	9,975
TESORO LOGISTICS
TOOELE CITY UTAH SALES TAX RE	53,043	53,043
TULARE CNTY CALIF	15,831	15,831
UNIVERSITY CALIF	5,919	5,919
VACAVILLE CALIF REDEV	67,647	67,647
YOUNG MENS CHRISTIAN ASSC

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

HW DURHAM FOUNDATION INC

EIN:

62-0583854

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AMERICAN FUNDS NEW WORLD FD CL F2	819,133	819,133
MFS INTERNATIONAL VALUE I	2,142,437	2,142,437
AMAZON.COM INC	81,423	81,423
3M CO
ABBOTT LABS
AFLAC	45,804	45,804
ALTRIA GROUP	41,943	41,943
AMERISOURCEBERGEN CORP	63,837	63,837
AMGEN	71,045	71,045
AUTOMATIC DATA PROCESSING	54,269	54,269
CHEVRON CORP	43,914	43,914
COCA COLA	74,089	74,089
CONAGRA BRANDS	61,207	61,207
CVS HEALTH CORP	70,895	70,895
DOLLAR GENERAL CORP	60,566	60,566
GLOBAL PAYMENTS	82,075	82,075
GRAINGER W W INC	64,109	64,109
ILLINOIS TOOL WORKS
JOHNSON & JOHNSON	78,218	78,218
KROGER CO	69,110	69,110
LOWES COS	83,144	83,144
MARSH & MCLENNAN COS	69,030	69,030
MEDTRONIC	64,544	64,544
MERCK & CO	58,242	58,242
MICROCHIP TECHNOLOGY	57,177	57,177
OCCIDENTAL PETROLEUM CORP
OMNICOM GROUP
PHILIP MORRIS INTL	51,164	51,164
ROSS STORES	95,178	95,178
ROYAL DUTCH SHELL PLC
SMUCKER J M CO	40,576	40,576
STANLEY BLACK & DECKER	39,997	39,997
STATE STREET CORP	66,157	66,157
SYSCOM CORP	63,195	63,195
UNILEVER	53,781	53,781
UNITEDHEALTH GROUP	83,813	83,813
US BANK CORP	76,827	76,827
ABBVIE
ACCENTURE LTD	97,954	97,954
ADIDAS	55,819	55,819
AIA GROUP	120,221	120,221
ALCON	68,091	68,091
ALL STATE	13,851	13,851
ALLY FIN	25,889	25,889
ALTICE USE	5,075	5,075
ALTRIA GROUP	71,545	71,545
AMADEUS	66,273	66,273
AMCOR	29,707	29,707
AMERIPRISE FINL	109,991	109,991
AMGEN
ANNALY CAPITAL	23,626	23,626
AON	41,620	41,620
APPLE	11,942	11,942
ARCONIC INC
ASML HOLDING	107,298	107,298
AT & T	42,220	42,220
ATLAS	70,644	70,644
AUTOZONE
BANK OF AMERICA CORP	55,649	55,649
BEST BUY
BIOGEN	38,198	38,198
BOOKING HOLDINGS	24,500	24,500
BOSTON PROPERTIES	16,165	16,165
CABOT OIL
CANADIAN PAC RAILWAY	96,380	96,380
CARDINAL HEALTH
CATERPILLER	21,478	21,478
CELANESE CORP	80,043	80,043
CF HOLDINGS
CHARTER COMMUNICATIONS	31,755	31,755
CHUBB LTD
CISCO SYSTEMS
CITIGROUP	58,824	58,824
CITRIX SYSTEMS	4,554	4,554
COMERCIA
COMPASS GROUP
CSL LTD	111,912	111,912
CSX CORP
CUMMINS	53,141	53,141
DAVITA INC
DELTA AIRLINES	15,803	15,803
DEVON ENERGY
DISCOVER FINANCIAL
DOVER CORP
DOW INC	9,047	9,047
DSV	89,649	89,649
EATON CORP	12,855	12,855
EBAY	71,104	71,104
ELI LILLY	40,522	40,522
EQUITABLE HOLDINGS	28,763	28,763
ESSEX PROPERTY	32,052	32,052
ESSILOR INTL
EXPERIAN PLC	104,428	104,428
FERRARI	55,314	55,314
FIFTH THIRD BANCORP	27,184	27,184
FRANKLIN RES
GEBERIT AG
HDFC BANK LTD	98,563	98,563
HESS CORPORATION
HOLLYFRONTIER
HOST HOTELS	37,570	37,570
HOWMET AEROSPACE	24,687	24,687
HUNTINGTON INGALL
ICON	34,901	34,901
INTERNATIONAL PAPER
JOHNSON CONTROL	65,832	65,832
JP MORGAN CHASE	13,724	13,724
JUNIPER NETWORKS
KOHLS CORP
KROGER CO
LAM RESEARCH	18,419	18,419
LIBERTY GLOBAL	64,565	64,565
LINCOLN NATL COPR
LONZA GROUP	58,056	58,056
LULULEMON	75,523	75,523
LUMEN TECHNOLOGY	19,793	19,793
LVMH MOET HENNESSY LOUIS VTTN	106,894	106,894
LYONDELLBASELL INDUSTRIES	41,522	41,522
MASCO CORP	36,528	36,528
MCKESSON CORP	67,307	67,307
MERCADOLIBRE	123,966	123,966
METLIFE	80,097	80,097
METTER-TOLEDO INTERNATIONAL	72,940	72,940
MOLINA HEALTHCARE	16,589	16,589
MORGAN STANLY	45,504	45,504
NESTLE	67,382	67,382
NETAPP	23,913	23,913
NXP SEMICONDUCTORS
ORACLE	59,709	59,709
PERNAD RICARD	46,864	46,864
PFIZER	16,969	16,969
PHILLIPS 66
PNC FINANCAIL	16,241	16,241
PURDENT FIANCAIL	11,945	11,945
QUAL COMM	72,971	72,971
REGENCY CENTERS
REGIONS FINL CORP	25,873	25,873
RESMED INC	78,009	78,009
ROCKWELL AUTOMATION
SEAGATE TECHNOLOGY	69,246	69,246
SHOPIFY INC	59,994	59,994
SIKA	61,975	61,975
SIMON PROPERTY GROUP	4,264	4,264
SMITH & NEPHEW	56,550	56,550
SPIRIT AEROSYSTEMS
STARBUCKS CORP	20,433	20,433
STATE STREET CORP	28,093	28,093
STERIS PLC	65,391	65,391
SYNCHRONY FINL	80,978	80,978
TAIWAN SEMICONDUCTOR	141,643	141,643
TENCENT HOLDINGS	71,099	71,099
TERADYNE	11,030	11,030
TEXTRON INC
UNION PACIFIC
VORNADO REALTY	12,322	12,322
VOYA FINANCIAL
WALMART DE MEXICO
WALGREENS BOOTS ALLIANCE
WATERS CORP	78,679	78,679
WELLS FARGO
WESTERN UNION	58,075	58,075
WHIRLPOOL CORP
YUM BRANDS

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

HW DURHAM FOUNDATION INC

EIN:

62-0583854

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ISHARES CORE S&P 500	FMV
ISHARES MSCI EMG	FMV
INVESTCO QQQ	FMV	188,244	188,244
ISHARES TRUST	FMV	187,695	187,695
ISHARES TRUST	FMV	192,990	192,990
SPDR GOLD TRUST	FMV	103,806	103,806
VANGUARD BN MARKET	FMV
VANGUARD FTSE DEV	FMV
VANGUARD RE ETF	FMV

- TIN:

TY 2020 LandEtcSchedule2

Name:

HW DURHAM FOUNDATION INC

EIN:

62-0583854

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
	54,536	53,359	1,177

- TIN:

TY 2020 OtherExpensesSchedule

Name:

HW DURHAM FOUNDATION INC

EIN:

62-0583854

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXPENSES
AUTOMOBILE	3,678	920	2,759
BOARD EXPENSES	4,593		4,593
INSURANCE	15,875	4,405	11,470
OFFICE EXPENSE	674	67	607
PROFESSIONAL DUES & SUBS	1,465		1,465
TELEPHONE	4,555	455	4,100

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

HW DURHAM FOUNDATION INC

EIN:

62-0583854

Description	Amount
UNREALIZED GAIN	1,136,941

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

HW DURHAM FOUNDATION INC

EIN:

62-0583854

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISOR FEES	68,440	68,440

- TIN:

TY 2020 TaxesSchedule

Name:

HW DURHAM FOUNDATION INC

EIN:

62-0583854

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
FOREIGN TAXES	6,110	6,110
PROPERTY TAXES	85	7	77
FEDERAL EXCISE TAX	3,482