Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
FRANK M TAIT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1 OAKWOOD AVENUE NO 523
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OAKWOOD, OH45409
A Employer identification number

31-6037499
B Telephone number (see instructions)

(937) 222-2401
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$8,780,119J 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 67 67  
4 Dividends and interest from securities... 250,520 250,520  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -71,464
b Gross sales price for all assets on line 6a 1,076,659
7 Capital gain net income (from Part IV, line 2)... 0
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........ 179,123 250,587  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 50,537 5,054   45,483
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,950 2,475   2,475
c Other professional fees (attach schedule).... Click to see attachment 46,880 41,390   5,490
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,785 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 13,056 1,283   11,548
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 118,208 50,202   64,996
25 Contributions, gifts, grants paid....... 333,000 333,000
26 Total expenses and disbursements. Add lines 24 and 25 451,208 50,202   397,996
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -272,085
b Net investment income (if negative, enter -0-) 200,385
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 28,164 31,981 31,981
2 Savings and temporary cash investments......... 278,655 56,121 56,121
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 568 577 577
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,840,690 Click to see attachment4,878,524 6,769,326
c Investments—corporate bonds (attach schedule)....... 1,937,265 Click to see attachment1,836,300 1,896,834
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment19,174 Click to see attachment25,280 Click to see attachment25,280
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,104,516 6,828,783 8,780,119
Liabilities 17 Accounts payable and accrued expenses.......... 4,381 4,632
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)......... 4,381 4,632
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........ 9,500,991 9,500,991
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -2,400,856 -2,676,840
29 Total net assets or fund balances (see instructions)..... 7,100,135 6,824,151
30 Total liabilities and net assets/fund balances (see instructions). 7,104,516 6,828,783
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
7,100,135
2
Enter amount from Part I, line 27a .....................
2
-272,085
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,828,050
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,899
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,824,151
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 DARDEN RESTAURANTS   2019-09-10 2020-03-17
b SYSCO CORP   2019-05-29 2020-03-19
c WELLS FARGO BK   2019-03-07 2020-02-27
d ABBOTT LABORATORIES   2017-08-01 2020-02-27
e CISCO SYSTEMS INC   2017-08-01 2020-10-15
EXXON MOBIL CORP   2017-08-01 2020-03-09
HONEYWELL INTL INC   2017-08-01 2020-12-08
J P MORGAN CHASE & CO   2017-08-01 2020-01-09
JOHNSON & JOHNSON   2017-08-01 2020-12-02
LYONDELLBASELL INDS   2017-08-01 2020-12-08
MAXIM INTEGRATED PRO   2017-08-01 2020-09-15
MC DONALDS CORP   2018-02-13 2020-04-17
MICROSOFT CORP   2017-08-01 2020-03-24
ONEOK INC   2019-01-29 2020-03-12
PFIZER INC   2017-08-01 2020-05-12
REALTY INCM CORP   2017-08-01 2020-04-03
SIMON PPTY GROUP   2018-03-15 2020-03-19
VALERO ENERGY CORP   2017-08-01 2020-11-19
W E C ENERGY GROUP INC   2017-08-01 2020-07-10
WILLIAMS COMPANIES   2017-08-01 2020-02-27
SIEMENS A G   2020-11-24 2020-11-24
BECTON DICKINSON&CO   2018-05-15 2020-12-01
BROADCOM INC   2017-08-01 2020-03-19
CHEVRON CORP   2017-08-01 2020-12-01
EVERCORE INC   2017-08-01 2020-03-19
MERCK & CO. INC.   2017-08-01 2020-07-23
MICROSOFT CORP   2017-08-01 2020-07-23
NESTLE S A   2017-08-01 2020-12-01
PNC FINL SERVICES   2017-08-01 2020-04-17
SUNCOR ENERGY INC   2017-08-01 2020-05-06
CISCO SYSTEMS, I 2.45XXX   2017-08-02 2020-06-15
COMCAST CORP 2.75%   2017-08-02 2020-09-10
THE COCA-COLA CO 2.45XXX   2017-08-02 2020-11-01
(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 8,967   27,780 -18,813
b 21,361   44,504 -23,143
c 29,850   31,558 -1,708
d 13,963   8,358 5,605
e 29,317   21,748 7,569
28,788   54,819 -26,031
72,818   49,546 23,272
17,720   12,004 5,716
111,418   100,426 10,992
20,063   41,822 -21,759
55,189   37,441 17,748
41,525   37,450 4,075
74,749   34,902 39,847
10,906   21,037 -10,131
76,909   67,092 9,817
14,630   22,149 -7,519
34,452   96,808 -62,356
24,513   41,354 -16,841
11,172   8,026 3,146
39,769   61,690 -21,921
4,627     4,627
18,999   18,020 979
25,117   31,014 -5,897
23,233   30,186 -6,953
10,582   21,180 -10,598
14,156   11,497 2,659
46,100   16,399 29,701
26,818   20,374 6,444
9,836   12,975 -3,139
6,254   12,963 -6,709
50,000   51,033 -1,033
52,858   50,927 1,931
50,000   51,041 -1,041
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       -18,813
b       -23,143
c       -1,708
d       5,605
e       7,569
      -26,031
      23,272
      5,716
      10,992
      -21,759
      17,748
      4,075
      39,847
      -10,131
      9,817
      -7,519
      -62,356
      -16,841
      3,146
      -21,921
      4,627
      979
      -5,897
      -6,953
      -10,598
      2,659
      29,701
      6,444
      -3,139
      -6,709
      -1,033
      1,931
      -1,041
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 -71,464
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 2,785
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 2,785
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 2,785
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,320
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,320
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 465
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 taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletOH
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletLINDSAY MAXAM Telephone no.bullet (937) 222-2401

    Located atbullet4350 DELCO DELL ROADKETTERINGOH ZIP+4bullet45429
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JAMES M WOODHULL II CHAIRMAN
    1.00     		0 0 0
    1 OAKWOOD AVENUE 523
    OAKWOOD,OH45409
    THOMAS BREITENBACH TRUSTEE
    1.00     		0 0 0
    1 OAKWOOD AVENUE 523
    OAKWOOD,OH45409
    ALLEN M HILL TRUSTEE
    1.00     		0 0 0
    1 OAKWOOD AVENUE 523
    OAKWOOD,OH45409
    R DANIEL SADLIER TRUSTEE
    1.00     		0 0 0
    1 OAKWOOD AVENUE 523
    OAKWOOD,OH45409
    IRVIN BIESER JR TRUSTEE
    1.00     		0 0 0
    1 OAKWOOD AVENUE 523
    OAKWOOD,OH45409
    JENNIFER A ROER EXECUTIVE DIRECTOR
    20.00     		40,054 0 0
    1 OAKWOOD AVENUE 523
    OAKWOOD,OH45409
    CASSIE B BARLOW TRUSTEE
    1.00     		0 0 0
    1 OAKWOOD AVENUE 523
    OAKWOOD,OH45409
    LINDSAY MAXAM EXECUTIVE DIRECTOR
    20.00     		10,417 0 0
    1 OAKWOOD AVENUE 523
    OAKWOOD,OH45409
    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.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    7,814,963
    b
    Average of monthly cash balances.......................
    1b
    304,536
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,119,499
    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
    8,119,499
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    121,792
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,997,707
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    399,885
    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
    399,885
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,785
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,785
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    397,100
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    397,100
    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
    397,100
    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
    397,996
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    397,996
    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
    397,996
    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 7 397,100
    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...... 5,220
    b From 2016...... 23,869
    c From 2017...... 31,632
    d From 2018...... 23,215
    e From 2019...... 21,195
    fTotal of lines 3a through e........ 105,131
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 397,996
    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..... 397,100
    e Remaining amount distributed out of corpus 896
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 106,027
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		5,220
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		100,807
    10 Analysis of line 9:
    a Excess from 2016.... 23,869
    b Excess from 2017.... 31,632
    c Excess from 2018.... 23,215
    d Excess from 2019.... 21,195
    e Excess from 2020.... 896
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    LINDSAY MAXAM EXECUTIVE DIRECTOR
    1 OAKWOOD AVE
    OAKWOOD,OH45409
    (937) 222-2401
    bThe form in which applications should be submitted and information and materials they should include:
    THE GRANT REQUESTOR MUST CONTACT THE OFFICE VIA EMAIL AT TAITFOUNDATION@GMAIL.COM OR TELEPHONE AT 937-222-2401 TO DISCUSS THE PROSPECTIVE GRANT PROPOSAL AND TO OBTAIN APPROVAL FOR ITS SUBSEQUENT SUBMISSION. FAXED GRANT PROPOSALS WILL NOT BE ACCEPTED. PROSPECTIVE GRANTEES SHOULD OBTAIN A COMPLETE LIST OF THE INFORMATION AND MATERIALS REQUIRED TO BE INCLUDED IN THE GRANT PROPOSAL FROM THE FOUNDATION'S EXECUTIVE DIRECTOR.
    cAny submission deadlines:
    GRANT REQUESTS ARE REVIEWED QUARTERLY. CONFIRM DEADLINES WITH EXEC DIRECTOR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE TAIT FOUNDATION FOCUSES ON PROGRAMS THAT (1) DEVELOP YOUTH - PARTICULARLY EARLY CHILDHOOD DEVELOPMENT PROGRAMS AND (2) PROVIDE CULTURAL ENRICHMENT EXPERIENCES FOR UNDERSERVED YOUTH. THE FOUNDATION SUPPORTS ORGANIZATIONS IN MONTGOMERY COUNTY, OHIO. IT DOES NOT SUPPORT MEDICAL RESEARCH OR EQUIPMENT; OPERATING BUDGETS OR ANNUAL FUND DRIVES; EMERGENCY REQUESTS FOR CRASH PROGRAMS; ENDOWMENT FUNDS; RELIGIOUS PROGRAMS OR ACTIVITIES; OR LOBBYING OR PROPAGANDA ACTIVITIES.
    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
    COMPREHENSIVE COMMUNITY CHILD CARE ORGANIZATION INC
    1000 N KEOWEE AVE
    DAYTON,OH45404     		NONE PC ADVANCING TO HIGH QUALITY 35,000
    DAYTON SOCIETY OF NATURAL HISTORY
    2600 DEWEESE PARKWAY
    DAYTON,OH45414     		NONE PC NEVER TOO YOUNG TO START: PRE-PRESCHOOL AND MUSEUMS 30,000
    THE FOODBANK
    56 ARMOR PLACE
    DAYTON,OH45417     		NONE PC END OF YEAR GIFT 5,000
    KIDS IN NEW DIRECTIONS (KIND)
    2338 EAST FIFTH ST
    DAYTON,OH45403     		NONE PC GRADE PROGRAMMING 10,000
    EAST END COMMUNITY SERVICES
    624 XENIA AVENUE
    DAYTON,OH45410     		NONE PC MIRACLE MAKERS AFTERSCHOOL AND SUMMER PROGRAM, PARENT UNIVERSITY 30,000
    LEARN TO EARN DAYTON
    200 S KEOWEE ST
    DAYTON,OH45423     		NONE PC INFANT AND TODDLER TEACHER INTENSIVES 75,000
    MONTGOMERY COUNTY EDUCATIONAL SERVICES CENTER
    200 S KEOWEE ST
    DAYTON,OH45402     		NONE PC CHROMEBOOKS FOR DAYTON PUBLIC SCHOOLS FOR PANDEMIC 50,000
    MUSE MACHINE
    126 NORTH MAIN STREET SUITE 310
    DAYTON,OH45402     		NONE PC PRESCHOOL AND ELEMENTARY ARTS PROGRAM 10,000
    PRESCHOOL PROMISE
    2251 TIMBER LANE
    DAYTON,OH45414     		NONE PC PANDEMIC CHILD CARE SCHOLARSHIPS/CARE GIVER STIPENDS 30,000
    PREVENT BLINDNESS
    313 SOUTH JEFFERSON ST SUITE 200
    DAYTON,OH45402     		NONE PC STAR PUPILS 10,000
    SINCLAIR COMMUNITY COLLEGE FOUNDATION
    444 WEST THIRD STREET
    DAYTON,OH45402     		NONE PC EARLY CHILDHOOD EDUCATION SCHOLARSHIP 17,000
    THINKTV
    110 S JEFFERSON ST
    COLUMBUS,OH45402     		NONE PC PROJECT WILD 5,000
    YMCA OF GREATER DAYTON
    118 W FIRST ST SUITE 300
    DAYTON,OH45402     		NONE PC COVID-19 RESPONSE TO CRITICAL CHILD CARE NEEDS 20,000
    WEST DAYTON CARAVAN OF CHURCHES
    5301 FREE PIKE
    TROTWOOD,OH45426     		NONE PC DAYTON SCHOLARS 6,000
    Total .................................bullet 3a 333,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 67  
    4 Dividends and interest from securities....     14 250,520  
    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 -71,464  
    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).. 0 179,123 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    179,123
    (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:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/TAX PREPARATION FEES 4,950 2,475   2,475

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CITIGROUP INC VAR 99 109,015 108,500
    JPMORGAN CHASE & VAR 138,140 135,781
    PNC FINANCIAL SRV VAR 104,765 108,875
    U S BANCORP VAR 99 135,952 140,000
    WELLS FARGO & CO VAR 99 107,718 106,875
    JOHNSON & JOHNSO 1.65% 21 49,846 50,063
    APPLE INC 2.85% 21 51,552 50,448
    HONEYWELL INTL I 1.85% 21 49,657 50,597
    MICROSOFT CORP 2.375% 22 50,668 51,107
    PEPSICO, INC. 2.75% 22 51,590 51,468
    THE WALT DISNEY 2.35% 22 50,486 51,968
    THE HOME DEPOT, I 2.7% 23 51,186 52,440
    WALMART INC. 2.55% 23 50,862 52,299
    TEXAS INSTRUMENT 2.25% 23 49,969 52,113
    MERCK & CO INC 2.8% 23 51,529 52,996
    EXXON MOBIL COR 3.176% 24 52,221 53,442
    BLACKROCK INC 3.5% 24 52,978 54,922
    MERCK & CO INC 2.75% 25 50,298 54,307
    KIMBERLY-CLARK C 2.65% 25 49,675 53,936
    EXXON MOBIL COR 3.043% 26 51,255 55,315
    APPLE INC 2.45% 26 48,168 54,491
    MICROSOFT CORP 2.4% 26 48,437 54,454
    COMCAST CORP 3.3% 27 50,849 56,269
    LOWES COMPANIES I 3.1% 27 50,486 56,036
    THE GOLDMAN SACHS VAR 99 73,984 76,031
    BANK OF AMERICA C VAR 99 77,783 84,563
    THE CHARLES SCHWA VAR 49 75,195 76,313
    THE COCA-COLA CO 1.65% 30 52,036 51,225

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 51,257 111,461
    AIR PROD & CHEMICALS 88,873 164,205
    AMGEN INC. 41,940 55,181
    AUTO DATA PROCESSING 108,327 130,212
    BLACKROCK INC 102,769 171,005
    CHEVRON CORPORATION 120,078 89,095
    CISCO CORPORATION 92,350 131,118
    HOME DEPOT INC 117,727 208,246
    HONEYWELL INTL INC 64,882 105,287
    ILLINOIS WOOL WORKS 60,651 88,688
    JOHNSON & JOHNSON 26,674 31,633
    JPMORGAN CHASE & CO 145,867 197,721
    LOCKHEED MARTIN CORP 127,081 152,996
    LYONDELLBASELL INDS 17,694 18,149
    MARSH & MCLENNAN CO 77,888 115,011
    MEDTRONIC PLC 88,532 122,646
    MICROSOFT CORP 60,605 184,609
    NEXTERA ENERGY INC 127,613 268,173
    PAYCHEX INC 82,414 131,477
    PEPSICO INCORPORATED 145,751 182,409
    SEMPRA ENERGY 90,186 100,654
    TEXAS INSTRUMENTS 112,561 226,171
    W E C ENERGY GROUP 70,026 101,969
    CROWN CASTLE INTL CO 97,398 158,235
    REALTY INCM CORP 40,253 44,824
    ABBOTT LABORATORIES 15,655 35,037
    ACCENTURE PLC 36,169 73,139
    APPLE INC 14,902 53,076
    BROADCOM INC 107,003 162,880
    DIAGEO PLC 20,926 25,410
    HOME DEPOT INC 19,449 34,531
    HONEYWELL INTL INC 41,547 67,001
    JPMORGAN CHASE & CO 50,087 68,618
    MEDTRONIC PLC 34,406 48,027
    MICROSOFT CORP 23,907 72,954
    PNC FINANCIAL SRVCS 34,383 39,485
    SEMPRA ENERGY 12,494 14,015
    SIEMENS A G 51,715 53,843
    TAIWAN SEMICONDUCTR 25,111 76,328
    TE CONNECTIVITY LTD 37,251 56,298
    TEXAS INSTRUMENTS 40,691 75,500
    UNITEDHEALTH GRP INC 38,382 70,133
    BANK OF AMERIC 7.25% PFD 135,385 151,858
    MORGAN STANLE 5.85% PFD 117,368 124,055
    WELLS FARGO BK 7.5% PFD 198,822 220,096
    LILLY ELI & CO 67,369 102,317
    MCDONALDS CORP 89,761 119,950
    MONDELEZ INTL 122,054 140,971
    PHILLIPS 66 55,300 37,208
    STARBUCKS CORP 79,672 164,000
    US BANCORP 84,639 75,429
    BAXTER INTERNTNL 39,651 47,181
    COMCAST CORP 59,419 82,530
    EVERSOURCE ENERGY 17,619 20,935
    PNC FINL SERVICES 100,195 103,555
    THE COCA-COLA CO 44,392 49,301
    TRUIST FINL CORP 148,288 148,823
    PROLOGIS INC. 79,740 90,691
    AMERN TOWER CORP 31,326 31,424
    ABBVIE INC 111,379 146,153
    EATON CORP PLC 49,594 59,469
    MERCK & CO INC 174,719 179,469
    PROCTER & GAMBLE 74,132 84,319
    QUALCOMM INC 121,514 150,207
    UNITED PARCEL SRVC 26,929 27,112
    VERIZON COMMUNICATN 85,782 94,823

    TY 2020 OtherAssetsSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST/DIVIDEND RECEIVABLE 19,174 25,280 25,280


    TY 2020 OtherDecreasesSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Description Amount
    CUMULATIVE ADJUSTMENT OF PRIOR YEAR GAIN/LOSS ON INVESTMENTS 3,899


    TY 2020 OtherExpensesSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 12,831 1,283   11,548
    STATE OF OHIO FILING FEE 225 0   0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR FEES 40,780 40,780   0
    OTHER PROFESSIONAL FEES 6,100 610   5,490


    TY 2020 TaxesSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 2,785 0   0