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
ELHAPA FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 22828
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LEXINGTON, KY40522
A Employer identification number

47-5371533
B Telephone number (see instructions)

(859) 523-4618
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$66,984,488J 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) 358,119
2 Check bullet.............
3 Interest on savings and temporary cash investments 62 62  
4 Dividends and interest from securities... 961,900 961,900  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,179,332
b Gross sales price for all assets on line 6a 1,368,671
7 Capital gain net income (from Part IV, line 2)... 788,147
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........ 140,749 1,750,109 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 40,000 20,000 0 20,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,175 3,087 0 3,088
c Other professional fees (attach schedule).... Click to see attachment 20,644 0 0 20,644
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 47,294 34,748 0 12
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 30,040 29,975 0 65
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 144,153 87,810 0 43,809
25 Contributions, gifts, grants paid....... 3,291,000 3,291,000
26 Total expenses and disbursements. Add lines 24 and 25 3,435,153 87,810 0 3,334,809
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,294,404
b Net investment income (if negative, enter -0-) 1,662,299
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 4,532,390 3,831,714 3,831,714
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 44,565,527 Click to see attachment41,976,610 63,152,774
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,811 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 49,102,728 45,808,324 66,984,488
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 49,102,728 45,808,324
29 Total net assets or fund balances (see instructions)..... 49,102,728 45,808,324
30 Total liabilities and net assets/fund balances (see instructions). 49,102,728 45,808,324
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
49,102,728
2
Enter amount from Part I, line 27a .....................
2
-3,294,404
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
45,808,324
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
45,808,324
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 3,333 SHS UNILEVER NV P 2008-01-28 2020-10-06
b 7,734 SHS ALTRIA GROUP INC P 1997-04-10 2020-10-06
c 11,111 SHS KRAFT HEINZ CO P 1997-04-10 2020-10-06
d 1,000 SHS MCCORMICK & CO INC P 2005-11-14 2020-10-06
e 13,333 SHS WELLS FARGO & CO P 1997-01-20 2020-10-06
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 202,011   107,788 94,223
b 306,116   2,081 304,035
c 341,505   257,871 83,634
d 191,511   30,950 160,561
e 323,188   181,834 141,354
4,340     4,340
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       94,223
b       304,035
c       83,634
d       160,561
e       141,354
      4,340
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 2 788,147
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 23,106
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 23,106
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 23,106
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 11,000
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 11,000
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 12,106
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)
    bulletKY
    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 ofbulletANGELA THOMAS Telephone no.bullet (859) 523-4618

    Located atbulletPO BOX 22828LEXINGTONKY ZIP+4bullet40522
    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 G KENAN III DIRECTOR
    0.50     		0 0 0
    PO BOX 22828
    LEXINGTON,KY40522
    ELIZABETH P KENAN PRESIDENT
    0.50     		0 0 0
    PO BOX 22828
    LEXINGTON,KY40522
    ANGELA L THOMAS TREASURER
    15.00     		40,000 0 0
    PO BOX 22828
    LEXINGTON,KY40522
    JAMES GRAHAM KENAN IV VICE-PRESIDENT
    0.50     		0 0 0
    PO BOX 22828
    LEXINGTON,KY40522
    EMMA KENAN THOMSON DIRECTOR
    0.50     		0 0 0
    PO BOX 22828
    LEXINGTON,KY40522
    ANNE CLAY KENAN SECRETARY
    0.50     		0 0 0
    PO BOX 22828
    LEXINGTON,KY40522
    ELIZABETH KENAN MORTON DIRECTOR
    0.50     		0 0 0
    PO BOX 22828
    LEXINGTON,KY40522
    GEORGE BRANCH DIRECTOR
    0.50     		0 0 0
    PO BOX 22828
    LEXINGTON,KY40522
    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
    56,572,324
    b
    Average of monthly cash balances.......................
    1b
    4,873,411
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    61,445,735
    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
    61,445,735
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    921,686
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    60,524,049
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,026,202
    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
    3,026,202
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    23,106
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    23,106
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,003,096
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,003,096
    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
    3,003,096
    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
    3,334,809
    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
    3,334,809
    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
    3,334,809
    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 3,003,096
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 2,768,096
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,334,809
    a Applied to 2019, but not more than line 2a 2,768,096
    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..... 566,713
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		2,436,383
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    JAMES G KENAN III
    ELIZABETH P KENAN
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALLIANCE OF FAMILIES FOR JUSTICE
    8 WEST 126TH ST FL 3
    NEW YORK,NY10027     		NONE PC TO SUPPORT GENERAL OPERATIONS 35,000
    ASHLEY HALL FOUNDATION
    172 RUTLEDGE AVENUE
    CHARLESTON,SC29403     		NONE PC TO SUPPORT GENERAL OPERATIONS 45,000
    BARRIER ISLANDS FREE CLINIC
    3226 MAYBANK HIGHWAY BLD C
    JOHNS ISLAND,SC29455     		NONE PC TO SUPPORT GENERAL OPERATIONS 20,000
    BELIEVING IN FOREVER
    209 CASTLEWOOD DRIVE
    LEXINGTON,KY40505     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    BEYOND OUR WALLS
    2615 HARVEY AVE STE 4
    NORTH CHARLESTON,SC29405     		NONE PC TO SUPPORT GENERAL OPERATIONS 57,000
    BLUEGRASS COMMUNITY FOUNDATION
    499 E HIGH ST STE 112
    LEXINGTON,KY40507     		NONE PC TO SUPPORT THE ISAAC MURPHY MERORIAL ART GARDEN 20,000
    BLUEGRASS LAND CONSERVANCY
    450 OLD VINE ST 105
    LEXINGTON,KY40507     		NONE PC TO SUPPORT GENERAL OPERATIONS 20,000
    BLUEGRASS TRUST FOR HISTORIC PRESERVATION
    253 MARKET ST
    LEXINGTON,KY40507     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    CENTRAL KENTUCKY YOUTH ORCHESTRA
    161 N MILL ST
    LEXINGTON,KY40507     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    CHARLESTON AREA JUSTICE MINISTRY
    PO BOX 71416
    NORTH CHARLESTON,SC29415     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    CHARLESTON COUNTY PARKS FOUNDATION
    861 RIVERLAND DR
    CHARLESTON,SC29412     		NONE PC TO SUPPORT GENERAL OPERATIONS 5,000
    CHARLESTON FORUM
    96 BROAD STREET
    CHARLESTON,SC29401     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    CHARLESTON PROMISE NEIGHBORHOOD
    1834 SUMMERVILLE AVE STE 200
    CHARLESTON,SC29405     		NONE PC TO SUPPORT GENERAL OPERATIONS 50,000
    CHILDREN'S MUSEUM OF THE LOWCOUNTRY
    25 ANN ST
    CHARLESTON,SC29403     		NONE PC TO SUPPORT MAKE & BELIEVE CAMPAIGN 100,000
    CHRIST EPISCOPAL CHURCH
    100 W JEFFERSON STREET
    CHARLOTTESVILLE,VA22902     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 60,000
    CHRYSALIS HOUSE INC
    1589 HILL RISE DRIVE
    LEXINGTON,KY40504     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 30,000
    CITY OF PROMISE
    PO BOX 5628
    CHARLOTTESVILLE,VA22905     		NONE PC TO SUPPORT GENERAL OPERATIONS 50,000
    CLIENT EARTH
    1000 N WEST ST STE 1200
    WILMINGTON,DE19801     		NONE PC TO SUPPORT GENERAL OPERATIONS 25,000
    COMMON GOOD
    1015 N LIMESTONE
    LEXINGTON,KY40505     		NONE PC TO SUPPORT GENERAL OPERATIONS 20,000
    COMMONWEALTH FUND FOR KET
    560 COOPER DR
    LEXINGTON,KY40502     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    DEE NORTON CHILD ADVOCACY CENTER
    1061 KING ST
    CHARLESTON,SC29403     		NONE PC TO SUPPORT GENERAL OPERATIONS 20,000
    DREAM CENTER CLINIC
    1220 SUMMER AVE
    NORTH CHARLESTON,SC29406     		NONE PC TO SUPPORT GENERAL OPERATIONS 20,000
    EDUCATIONAL VIDEO CENTER
    160 CLARKSON ST
    NEW YORK,NY10014     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 55,000
    EIGHT MILLION STORIES
    6500A CHIMNEY ROCK RD
    HOUSTON,TX77081     		NONE PC TO SUPPORT EMERGENCY FUNDING 45,000
    ENOUGH PIE
    1630 MEETING ST STE 306
    CHARLESTON,SC29405     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 30,000
    ENVIRONMENTAL DEFENSE FUND
    257 PARK AVENUE SOUTH
    NEW YORK,NY10010     		NONE PC TO SUPPORT CLIMATE CHANGE INITIATIVE AND METHANE SAT PROJECT 35,000
    EQUAL JUSTICE INITIATIVE
    122 COMMERCE STREET
    MONTGOMERY,AL36104     		NONE PC TO SUPPORT GENERAL OPERATIONS 50,000
    FRANKIE'S CORNER
    1863 MARLBORO DR
    LEXINGTON,KY40505     		NONE PC TO SUPPORT GENERAL OPERATIONS 5,000
    FRESH FUTURE FARM
    PO BOX 22194
    CHARLESTON,SC29413     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 27,000
    GIRLS ON THE RUN
    1713 12TH STREET
    LYNCHBURG,VA24501     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 16,000
    GOOD FRIENDS OF THE LOWCOUNTRY
    164 MARKET ST STE 137
    CHARLESTON,SC29401     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 20,000
    HALOS
    4995 LACROSS RD STE 1250
    NORTH CHARLESTON,SC29406     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 30,000
    HIGHLANDER RESEARCH CENTER AND EDUCATION CENTER
    1959 HIGHLANDER WAY
    NEW MARKET,TN37820     		NONE PC TO SUPPORT STAY PROJECT AND GENERAL OPERATIONS 20,000
    HISTORICAL CHARLESTON PRESERVATION
    40 E BAY ST
    CHARLESTON,SC29401     		NONE PC TO SUPPORT GENERAL OPERATIONS 5,000
    HOPE CENTER
    PO BOX 6
    LEXINGTON,KY40588     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 35,000
    IDEAS XLAB
    633 E MAIN ST UNIT 352
    LOUISVILLE,KY40202     		NONE PC TO SUPPORT GENERAL OPERATIONS 20,000
    INTERNATIONAL AFRICAN AMERICAN MUSEUM
    PO BOX 22761
    CHARLESTON,SC29413     		NONE PC TO SUPPORT GENERAL OPERATIONS 20,000
    JOHNS HOPKINS UNIVERSITY
    550 N BROADWAY STE 912
    BALTIMORE,MD21205     		NONE PC TO SUPPORT THE DEPT OF PSYCHIATRY AND BEHAVIORAL SCIENCES 150,000
    JOSHUA TABERNACLE CHURCH
    426 SOUTH 15TH ST
    LOUISVILLE,KY40203     		NONE PC TO SUPPORT GENERAL OPERATIONS, EMERGENCY FUNDING AND RUSSELL NEIGHBORHOOD AT RISK FAMILIES 75,000
    KENTUCKY CENTER FOR ECONOMIC POLICY
    433 CHESTNUT ST
    BEREA,KY40403     		NONE PC TO SUPPORT GENERAL OPERATIONS 30,000
    KENTUCKY COALITION
    PO BOX 1450
    LONDON,KY40743     		NONE PC TO SUPPORT GENERAL OPERATIONS 5,000
    KENTUCKY EQUAL JUSTICE CENTER
    201 W SHORT ST STE 310
    LEXINGTON,KY40507     		NONE PC TO SUPPORT GENERAL OPERATIONS 30,000
    KENTUCKY NATURAL LANDS TRUST
    433 CHESTNUT ST
    BEREA,KY40403     		NONE PC TO SUPPORT GENERAL OPERATIONS 20,000
    KENTUCKY REFUGEES MINISTRY
    1710 ALEXANDRIA DR STE 2
    LEXINGTON,KY40504     		NONE PC TO SUPPORT GENERAL OPERATIONS 20,000
    KENTUCKY VOICES FOR HEALTH
    1640 LYNDON FARM CT STE 108
    LOUISVILLE,KY40223     		NONE PC TO SUPPORT GENERAL OPERATIONS 15,000
    KENTUCKY WATERWAYS ALLIANCE
    120 WEBSTER ST STE 217
    LOUISVILLE,KY40206     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    KIDS CANCER ALLIANCE
    PO BOX 24337
    LOUISVILLE,KY40224     		NONE PC TO SUPPORT GENERAL OPERATIONS 15,000
    KIDS ON POINT
    PO BOX 22731
    CHARLESTON,SC29413     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 50,000
    LEARNING OUTSIDE
    PO BOX 718
    CARLBORO,NC27510     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    LEXINGTON LEADERSHIP FOUNDATION
    PO BOX 54642
    LEXINGTON,KY40555     		NONE PC TO SUPPORT THE FATHERHOOD INITIATIVE 25,000
    LEXINGTON PHILHARMONIC
    161 N MILL ST
    LEXINGTON,KY40507     		NONE PC TO SUPPORT GENERAL OPERATIONS 5,000
    LEXINGTON PUBLIC LIBRARY FOUNDATION
    140 E MAIN ST
    LEXINGTON,KY40507     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    LEXINGTON RESCUE MISSION
    PO BOX 1050
    LEXINGTON,KY40588     		NONE PC TO SUPPORT THE EX-OFFENDER RE-ENTRY PROGRAM 15,000
    LITTLE TRAVERSE CONSERVANCY
    3264 POWELL RD
    HARBOR SPRINGS,MI49740     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    LOWCOUNTRY LAND TRUST
    635 RUTLEDGE AVE STE 107
    CHARLESTON,SC29403     		NONE PC TO SUPPORT ANGEL OAK PROJECT AND GENERAL OPERATIONS 5,000
    LOWER EAST SIDE GIRLS' CLUB
    101 AVENUE D 12E
    NEW YORK,NY10009     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 30,000
    MEETING STREET SCHOOLS
    200 MEETING ST STE 206
    CHARLESTON,SC29401     		NONE PC TO SUPPORT GENERAL OPERATIONS 15,000
    METANOIA
    2005 REYNOLDS AVE
    NORTH CHARLESTON,SC29405     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 40,000
    MY SISTER'S HOUSE
    PO BOX 71171
    NORTH CHARLESTON,SC29415     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 55,000
    NORTH LIMESTONE CDC
    714 N LIMESTONE UNIT B
    LEXINGTON,KY40508     		NONE PC TO SUPPORT THE JULIETTA MARKET 75,000
    NRDC - CHINA DISPERSED COAL GOVERNANCE
    40 W 20TH STREET
    NEW YORK,NY10011     		NONE PC TO SUPPORT GENERAL OPERATIONS 50,000
    ONE PARENT SCHOLAR HOUSE
    PO BOX 1457
    LEXINGTON,KY40588     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 45,000
    ONE-EIGHTY PLACE
    PO BOX 20038
    CHARLESTON,SC29413     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 220,000
    OPERATION HOME
    2120 NOISETTE BLVD STE 124
    NORTH CHARLESTON,SC29405     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 28,000
    PARK COUNTY ENVIRONMENTAL COUNCIL
    PO BOX 164
    LIVINGSTON,MT59047     		NONE PC TO SUPPORT GENERAL OPERATIONS 15,000
    PATRIOT FOUNDATION
    PO BOX 5070
    PINEHURST,NC28375     		NONE PC TO SUPPORT GENERAL OPERATIONS 40,000
    PINE MOUNTAIN SETTLEMENT SCHOOL
    36 STATE HIGHWAY 510
    BLEDSOE,KY40810     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 25,000
    READY KIDS
    1000 E HIGH ST
    CHARLOTTESVILLE,VA22902     		NONE PC TO SUPPORT GENERAL OPERATIONS 40,000
    SALISBURY SCHOOL
    251 CANAAN RD
    SALISBURY,CT06068     		NONE PC TO SUPPORT GENERAL OPERATIONS 100,000
    SC APPLESEED LEGAL JUSTICE CENTER
    PO BOX 7187
    COLUMBIA,SC29202     		NONE PC TO SUPPORT GENERAL OPERATIONS 15,000
    SELC
    201 WEST MAIN ST STE 14
    CHARLOTTESVILLE,VA22902     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    SLAVE DWELLING PROJECT
    PO BOX 1469
    LADSON,SC29456     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 20,000
    SMOKETOWN FAMILY WELLNESS CENTER
    PO BOX 4692
    LOUISVILLE,KY40204     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 20,000
    SPEAK UP FOR KIDS PBC
    PO BOX 1896
    WEST PALM BEACH,FL33402     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 75,000
    ST ANNE'S-BELFIELD SCHOOL
    2132 IVY ROAD
    CHARLOTTESVILLE,VA22903     		NONE PC TO SUPPORT GENERAL OPERATIONS 140,000
    STAR GOSPEL MISSION
    474 MEETING STREET
    CHARLESTON,SC29403     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 45,000
    TEACHERS UNITE
    411 E 10TH ST APT 15H
    NEW YORK,NY10009     		NONE PC TO SUPPORT GENERAL OPERATIONS 5,000
    THE BAIL PROJECT
    PO BOX 750
    VENICE,CA90294     		NONE PC TO SUPPORT LOUISVILLE, KY SITE 15,000
    THE BERRY CENTER
    PO BOX 581
    NEW CASTLE,KY40049     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    THE LYRIC
    300 E THIRD ST
    LEXINGTON,KY40508     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 58,000
    THE NATURE CONSERVANCY OF KENTUCKY
    114 WOODLAND AVE
    LEXINGTON,KY40502     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    THE PLANTORY
    501 W 6TH ST STE 250
    LEXINGTON,KY40508     		NONE PC TO SUPPORT EMERGENCY FUNDING 10,000
    THE SALVATION ARMY
    736 WEST MAIN ST
    LEXINGTON,KY40508     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 45,000
    THE WOMEN'S INITIATIVE
    1101 E HIGH ST STE A
    CHARLOTTESVILLE,VA22902     		NONE PC TO SUPPORT GENERAL OPERATIONS 60,000
    TRANSYLVANIA UNIVERSITY
    300 N BROADWAY
    LEXINGTON,KY40508     		NONE PC TO SUPPORT THE JGKIII SCHOLARSHIP FUND 35,000
    TURNING LEAF PROJECT
    3765 LEEDS AVE
    NORTH CHARLESTON,SC29405     		NONE PC TO SUPPORT GENERAL OPERATIONS 50,000
    UNIVERSITY OF TEXAS AT AUSTIN
    3925 WEST BRAKER LANE
    AUSTIN,TX78759     		NONE PC TO SUPPORT COGNITIVE AUGMENTATION IN OLDER ADULTS RESEARCH 200,000
    URBAN LEAGUE OF LEXINGTON
    148 DEWEESE ST
    LEXINGTON,KY40507     		NONE PC TO SUPPORT THE M.A.D.E. PROGRAM 15,000
    VERMONT WILDERNESS SCHOOL
    PO BOX 2585
    BRATTLEBORO,VT05303     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 20,000
    VIRGINIA DISCOVERY MUSEUM
    PO BOX 1128
    CHARLOTTESVILLE,VA22902     		NONE PC TO SUPPORT GENERAL OPERATIONS AND EMERGENCY FUNDING 25,000
    WESTMINSTER SCHOOL
    995 HOPMEADOW ST
    SIMSBURY,CT06070     		NONE PC TO SUPPORT FINANCIAL AID & DIVERSITY AFFAIRS 10,000
    WINGS FOR KIDS
    476 MEETING ST STE E
    CHARLESTON,SC29403     		NONE PC TO SUPPORT GENERAL OPERATIONS 40,000
    WORLDWIDE HEARTS AND HANDS
    1604 HARMONY HALL LN
    LEXINGTON,KY40502     		NONE PC TO PROVIDE EMERGENCY FUNDING 10,000
    YELLOWSTONE FOREVER
    222 E MAIN ST STE 301
    BOZEMAN,MT59715     		NONE PC TO SUPPORT CUTTHROAT TROUT PROJECT 10,000
    ZENO MOUNTAIN FARM
    950 ZENO RD
    LINCOLN,VT05443     		NONE PC TO SUPPORT GENERAL OPERATIONS 10,000
    Total .................................bullet 3a 3,291,000
    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 62  
    4 Dividends and interest from securities....     14 961,900  
    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 -1,179,332  
    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 -217,370 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -217,370
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    ELHAPA FOUNDATION INC
     
    Employer identification number

    47-5371533
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    ELHAPA FOUNDATION INC
          		Employer identification number
    47-5371533
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ELKHORN CHARITABLE TRUST
     
    PO BOX 22828
     
    LEXINGTON, KY40522

    		$ 358,119


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    ELHAPA FOUNDATION INC
          		Employer identification number

    47-5371533
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    ELHAPA FOUNDATION INC
          		Employer identification number

    47-5371533
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    ELHAPA FOUNDATION INC
    EIN:
    47-5371533
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,175 3,087 0 3,088

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ELHAPA FOUNDATION INC
    EIN:
    47-5371533
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO - 14,000 SHS 2,979,407 2,447,060
    ALPHABET INC CAP STK - 2,500 SHS 2,550,921 4,381,600
    AMERICAN EXPRESS CO - 8,750 SHS 737,100 1,057,963
    BERKSHIRE HATHAWAY INC CLS A - 10 SHS 3,145,212 3,478,150
    BERKSHIRE HATHAWAY INC CLS B - 17,750 SHS 2,547,000 4,115,693
    BP PIC SPONSORED ADR - 7,253 SHS 251,316 148,832
    CHARTER COMMUNICATION INC - 5,000 SHS 2,175,442 3,307,750
    COCA COLA CO - 30,091 SHS 1,349,581 1,650,190
    DIAGEO PIC SPONSORED ADR NEW - 3,333 SHS 399,393 529,314
    EMERSON ELECTRIC CO - 5,334 SHS 318,013 428,694
    ENBRIDGE INC - 22,960 SHS 914,038 734,490
    ILLINOIS TOOL WKS INC - 11,500 SHS 1,745,953 2,344,620
    INTUIT - 13,500 SHS 1,922,942 5,127,975
    JOHNSON & JOHNSON - 27,500 SHS 3,658,480 4,288,605
    MICROSOFT CORP - 41,500 SHS 3,042,559 9,230,430
    MONDELEZ INTL INC - 33,334 SHS 1,439,695 1,949,039
    NORDSON CORP - 16,667 SHS 2,022,040 3,349,234
    NORTHERN TR CORP - 13,334 SHS 1,296,198 1,241,929
    NOVARTIS AG - 10,000 SHS 733,292 944,300
    PHILIP MORRIS INTL - 7,734 SHS 908,358 640,298
    PROCTER & GAMBLE - 17,000 SHS 1,481,550 2,365,380
    SANOFI SPONSORED ADR - 19,334 SHS 926,292 939,439
    SCHLUMBERGER LTD - 4,334 SHS 285,351 94,611
    T ROWE PRICE GROUP - 17,500 SHS 1,629,897 2,649,324
    VISA INC - 21,500 SHS 2,335,613 4,702,695
    W P CAREY INC - 6,666 SHS 431,696 470,486
    WILLIAMS COMPANY INC - 26,667 SHS 749,271 534,673

    TY 2020 OtherAssetsSchedule
    Name:
    ELHAPA FOUNDATION INC
    EIN:
    47-5371533
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE 4,811 0 0


    TY 2020 OtherExpensesSchedule
    Name:
    ELHAPA FOUNDATION INC
    EIN:
    47-5371533
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 28,152 28,152 0 0
    ADR FEES 1,758 1,758 0 0
    MISCELLANEOUS 130 65 0 65


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ELHAPA FOUNDATION INC
    EIN:
    47-5371533
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 20,644 0 0 20,644


    TY 2020 TaxesSchedule
    Name:
    ELHAPA FOUNDATION INC
    EIN:
    47-5371533
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSE FEES 25 13 0 12
    EXCISE TAXES 12,534 0 0 0
    FOREIGN TAXES 34,735 34,735 0 0