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
Roy and Gwen Steeley Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

27-3900311
B Telephone number (see instructions)

(800) 839-1754
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$56,485,363J 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) 403,768
2 Check bullet.............
3 Interest on savings and temporary cash investments 5,947 5,947  
4 Dividends and interest from securities... 891,709 891,709  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 822,845
b Gross sales price for all assets on line 6a 6,315,566
7 Capital gain net income (from Part IV, line 2)... 822,845
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........ 2,124,269 1,720,501  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 210,766     210,766
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 25,216     25,216
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 135,577 135,577    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,700      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 8,793     8,793
21 Travel, conferences, and meetings....... 7,928     7,928
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 52,155 20   52,135
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 449,135 135,597   304,838
25 Contributions, gifts, grants paid....... 2,223,925 2,223,925
26 Total expenses and disbursements. Add lines 24 and 25 2,673,060 135,597   2,528,763
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -548,791
b Net investment income (if negative, enter -0-) 1,584,904
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.............      
2 Savings and temporary cash investments......... 995,983 1,417,297 1,417,297
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)....... 46,357,068 Click to see attachment45,394,346 55,068,066
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)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 47,353,051 46,811,643 56,485,363
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 47,353,051 46,811,643
29 Total net assets or fund balances (see instructions)..... 47,353,051 46,811,643
30 Total liabilities and net assets/fund balances (see instructions). 47,353,051 46,811,643
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
47,353,051
2
Enter amount from Part I, line 27a .....................
2
-548,791
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,383
4
Add lines 1, 2, and 3 ..........................
4
46,811,643
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
46,811,643
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 Publicly-traded Securities      
b
c
d
e
(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 6,315,566   5,492,721 822,845
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       822,845
b
c
d
e
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 2 822,845
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 22,030
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 22,030
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 22,030
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 18,083
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,083
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,947
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, WV
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
    No
    .........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
    Colleen Happy Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Hank Happy Dir, Chairman of the Board
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Benjamin Franklin Lewis Jr Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Mary Ann Raun Sec
    40.0     		78,474 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Adam Sanders Dir, Pres, Treas
    40.0     		132,292 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Alissa Steeley Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Brian Steeley Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Kevin L Steeley Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Leslie Steeley Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    MASON INVESTMENT ADVISORY SVCS Investment Mmgt 135,577
    11130 sunrise valley dr ste 200
    RESTON,VA20191
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    48,597,651
    b
    Average of monthly cash balances.......................
    1b
    892,587
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    49,490,238
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    49,490,238
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    742,354
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    48,747,884
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,437,394
    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
    2,437,394
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    22,030
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    22,030
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,415,364
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    7,383
    5
    Add lines 3 and 4............................
    5
    2,422,747
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,422,747
    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
    2,528,763
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,528,763
    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
    2,528,763
    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 2,422,747
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 2,493,241
    b Total for prior years:2018, 2017, 2016  
    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........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,528,763
    a Applied to 2019, but not more than line 2a 2,493,241
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 35,522
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020.    
    (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 ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		2,387,225
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    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.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Alissa Steeley
    Brian Steeley
    Kevin L Steeley
    Leslie Steeley
    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
    ANIMAL WELFARE SOCIETY OF JEFFERSON
    PO BOX 147
    CHARLES TOWN,WV25414     		N/A PC General & Unrestricted 500
    BERKELEY COUNTY HUMANE SOCIETY
    554 CHARLES TOWN RD
    MARTINSBURG,WV25405     		N/A PC General & Unrestricted 500
    P Navarre
    BLUE RIDGE COMMUNITY TECH COLLEGE
    13650 APPLE HARVEST DR
    MARTINSBURG,WV25403     		NONE I SCHOLARSHIP GRANT 2,784
    BLUE RIDGE COMMUNITY & TECHNICAL COLLEGE FOUNDATIO
    13650 APPLE HARVEST DR
    MARTINSBURG,WV25403     		N/A PC Opportunity Scholarship Fund and Jump Start Scholarship Fund 100,000
    CHILDRENS HOME SOCIETY OF WEST VIRGINIA
    PO BOX 2942
    CHARLESTON,WV25330     		N/A PC renovation and equipment fund for the new community services building at 100 S. Queen Street, Martinsburg, WV 25401 200,000
    EASTERN WEST VIRGINIA COMMUNITY FOUNDATION
    229 E MARTIN ST STE 4
    MARTINSBURG,WV25401     		N/A PC COVID-19 Relief Fund 250,000
    J Matthew
    FAIRMONT STATE UNIVERSITY
    1201 LOCUST AVE
    FAIRMONT,WV26554     		NONE I Scholarship grant 7,904
    J Bowers
    FAIRMONT STATE UNIVERSITY
    1201 LOCUST AVE
    FAIRMONT,WV26554     		NONE I Scholarship grant 5,425
    C Werry
    GLENVILLE STATE COLLEGE
    200 HIGH ST
    GLENVILLE,WV26351     		NONE I Scholarship Grant 21,666
    M Golden
    GLENVILLE STATE COLLEGE
    200 HIGH ST
    GLENVILLE,WV26351     		NONE I Scholarship grant 11,940
    GUIDE DOG FOUNDATION FOR THE BLIND INC
    371 E JERICHO TPKE
    SMITHTOWN,NY11787     		N/A PC General & Unrestricted 500
    HABITAT FOR HUMANITY INTERNATIONAL INC
    630 W RACE ST
    MARTINSBURG,WV25401     		N/A PC General & Unrestricted 500
    HINTON AREA FOUNDATION INC
    PO BOX 217
    HINTON,WV25951     		N/A PC The Leaders In Me program at Hinton Elementary School 20,000
    HOSPICE OF THE PANHANDLE INC
    330 HOSPICE LN
    KEARNEYSVILLE,WV25430     		N/A PC General & Unrestricted 25,000
    JAMES RUMSEY TECHNICAL INSTITUTE
    3274 HEDGESVILLE RD
    MARTINSBURG,WV25403     		N/A GOV Advanced Careers Aerospace Engineering Program 47,000
    JANE GOODALL INSTITUTE FOR WILDLIFE RESEARCH EDUCA
    1595 SPRING HILL RD STE 550
    VIENNA,VA22182     		N/A PC General & Unrestricted 500
    JEFFERSON COUNTY COMMUNITY MINISTRIES INCORPORATED
    238 W WASHINGTON ST
    CHARLES TOWN,WV25414     		N/A PC General & Unrestricted 500
    LEARY EDUCATIONAL FOUNDATION INC
    PO BOX 3160
    WINCHESTER,VA22604     		N/A PC General & Unrestricted 50,000
    LEARY EDUCATIONAL FOUNDATION INC
    PO BOX 3160
    WINCHESTER,VA22604     		N/A PC Career and Technical Building Programs 100,000
    J Monroe
    MARSHALL UNIVERSITY
    ONE JOHN MARSHALL DR
    HUNTINGTON,WV25755     		NONE I Scholarship Grant 6,789
    T Snyder
    MARSHALL UNIVERSITY
    ONE JOHN MARSHALL DR
    HUNTINGTON,WV25755     		NONE I Scholarship Grant 12,190
    MARTINSBURG SUNRISE ROTARY FOUNDATION
    PO BOX 2331
    MARTINSBURG,WV25402     		N/A PC to purchase books and backpack for Read Berkeley, Read Morgan and Read Jefferson program 20,000
    MILAN PUSKAR HEALTH RIGHT INC
    PO BOX 1519
    MORGANTOWN,WV26507     		N/A PC General & Unrestricted 10,000
    MORGAN COUNTY PARTNERSHIP INC
    26 CHAPMAN ST
    BERKELEY SPGS,WV25411     		N/A PC General & Unrestricted 100,000
    MORGAN COUNTY PARTNERSHIP INC
    26 CHAPMAN ST
    BERKELEY SPGS,WV25411     		N/A PC staff salary and benefits fund for the year 2021 at Morgan County Partnership 62,048
    PHILANTHROPY WEST VIRGINIA INC
    PO BOX 1584
    MORGANTOWN,WV26507     		N/A PC COVID-19 Relief Fund 150,000
    PHILANTHROPY WEST VIRGINIA INC
    PO BOX 1584
    MORGANTOWN,WV26507     		N/A PC Education Affinity Group 140,000
    A Whalen
    SHEPHERD UNIVERSITY
    PO BOX 5000
    SHEPHERDSTOWN,WV25443     		NONE I Scholarship Grant 12,546
    A Whalen
    SHEPHERD UNIVERSITY
    PO BOX 5000
    SHEPHERDSTOWN,WV25443     		NONE I Scholarship grant 9,342
    A Chapman
    SHEPHERD UNIVERSITY
    PO BOX 5000
    SHEPHERDSTOWN,WV25443     		NONE I Scholarship grant 4,963
    A Chapman
    SHEPHERD UNIVERSITY
    PO BOX 5000
    SHEPHERDSTOWN,WV25443     		NONE I Scholarship Grant 5,319
    B Adkins
    SHEPHERD UNIVERSITY
    PO BOX 5000
    SHEPHERDSTOWN,WV25443     		NONE I Scholarship grant 7,234
    M Walker
    SHEPHERD UNIVERSITY
    PO BOX 5000
    SHEPHERDSTOWN,WV25443     		NONE I Scholarship grant 8,999
    M Betts
    SHEPHERD UNIVERSITY
    PO BOX 5000
    SHEPHERDSTOWN,WV25443     		NONE I Scholarship grant 14,337
    S Dyer
    SHEPHERD UNIVERSITY
    PO BOX 5000
    SHEPHERDSTOWN,WV25443     		NONE I Scholarship grant 13,406
    T Lucas
    SHEPHERD UNIVERSITY
    PO BOX 5000
    SHEPHERDSTOWN,WV25443     		NONE I Scholarship grant 6,334
    T Stephenson
    SHEPHERD UNIVERSITY
    PO BOX 5000
    SHEPHERDSTOWN,WV25443     		NONE I Scholarship grant 10,468
    V Davis
    SHEPHERD UNIVERSITY
    PO BOX 5000
    SHEPHERDSTOWN,WV25443     		NONE I Scholarship Grant 19,065
    SPRING MILLS HIGH SCHOOL
    SPRING MILLS HIGH SCHOOL
    499 CAMPUS DR
    MARTINSBURG,WV25404     		N/A GOV digital build out for the Special Education Program 11,175
    ST JUDE CHILDRENS RESEARCH HOSPITAL INC
    501 ST JUDE PL
    MEMPHIS,TN38105     		N/A PC General & Unrestricted 500
    THE EDUCATION ALLIANCE-BUSINESS AND COMMUNITY FOR
    803 QUARRIER ST STE 500
    CHARLESTON,WV25301     		N/A PC WV Ready Talent Pipeline in Jefferson County 51,719
    THE MARTINSBURG ROCK SCHOOL INC
    410 W RACE ST
    MARTINSBURG,WV25401     		N/A PC 12 month business manager position fund and scholarship fund for youth 95,000
    UNITED WAY OF THE EASTERN PANHANDLE INC
    24 DISTRICT WAY STE 201
    MARTINSBURG,WV25404     		N/A PC COVID-19 Relief Fund 250,000
    UNITED WAY OF THE EASTERN PANHANDLE INC
    24 DISTRICT WAY STE 201
    MARTINSBURG,WV25404     		N/A PC General & Unrestricted 25,000
    C Braithwaite
    WEST LIBERTY UNIVERSITY
    208 UNIVERSITY DR
    WEST LIBERTY,WV26074     		NONE I Scholarship grant 10,995
    C Braithwaite
    WEST LIBERTY UNIVERSITY
    208 UNIVERSITY DR
    WEST LIBERTY,WV26074     		NONE I Scholarship Grant 692
    M Moreland
    WEST LIBERTY UNIVERSITY
    208 UNIVERSITY DR
    WEST LIBERTY,WV26074     		NONE I Scholarship grant 4,021
    A Petrarca
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 19,838
    A Heise
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 14,144
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		N/A PC Barnes and Noble Scholarship Fund 4,404
    C Messerli
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 18,087
    C Ridgeway
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 14,509
    C Hall
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 1,635
    C Hall
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship Grant 1,500
    D Pretre
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 2,237
    D Pretre
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship Grant 207
    J Fritts
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 19,281
    M Weller
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 95
    M Weller
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 9,242
    M Brown
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 3,779
    M Rubeck
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 171
    M Rubeck
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 16,740
    WEST VIRGINIA UNIVERSITY - UNDERGRADUATE SCHOLARS
    PO BOX 6004
    MORGANTOWN,WV26506     		N/A PC cover the expense of books incurred by students of the Roy and Gwen Steeley Memorial Scholarship 15
    Z LIGHTCAP
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I Scholarship grant 9,189
    WEST VIRGINIA COALITION TO END HOMELESSNESS INC
    PO BOX 4697
    BRIDGEPORT,WV26330     		N/A PC Outreach Specialist and Housing Stabilization Manager Salary Fund and general support FUND 152,450
    A Householder
    WEST VIRGINIA WESLEYAN COLLEGE
    59 COLLEGE AVE
    BUCKHANNON,WV26201     		NONE I Scholarship GRANT 9,514
    T Davis
    WEST VIRGINIA WESLEYAN COLLEGE
    59 COLLEGE AVE
    BUCKHANNON,WV26201     		NONE I Scholarship grant 15,663
    T Davis
    WEST VIRGINIA WESLEYAN COLLEGE
    59 COLLEGE AVE
    BUCKHANNON,WV26201     		NONE I Scholarship grant 2,975
    WESTERN MARYLAND SCENIC RAILROAD DEVELOPMENT CORP
    13 CANAL ST
    CUMBERLAND,MD21502     		N/A PC General & Unrestricted 500
    C Hall
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I scholarship grant 543
    C Meserli
    WEST VIRGINIA UNIVERSITY
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I scholarship grant 346
    Total .................................bullet 3a 2,223,925
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 5,947  
    4 Dividends and interest from securities....     14 891,709  
    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 ............     		    18 822,845  
    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)..   1,720,501  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,720,501
    (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
    Roy and Gwen Steeley Foundation Inc
     
    Employer identification number

    27-3900311
    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
    Roy and Gwen Steeley Foundation Inc
          		Employer identification number
    27-3900311
    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
    Happy Hank
    118 Earle Road
     
    Charles Town, WV25414

    		$ 72,378


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Steeley Brian
    188 Wild Harbor Rd
     
    Mooresville, NC28117

    		$ 143,656


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Steeley Kevin L
    43 Locust Knoll Drive
     
    Charles Town, WV25414

    		$ 187,574


    (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
    Roy and Gwen Steeley Foundation Inc
          		Employer identification number

    27-3900311
    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
    Roy and Gwen Steeley Foundation Inc
          		Employer identification number

    27-3900311
    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


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    TY 2020 DepreciationSchedule
    Name:
    Roy and Gwen Steeley Foundation Inc
    EIN:
    27-3900311
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Roy and Gwen Steeley Foundation Inc
    EIN:
    27-3900311
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN FUNDS AMCAP F3 1,596,300 2,142,552
    AMERICAN FUNDS EUROPACIFIC GRO 1,200,958 1,750,528
    DFA INTERNATIONAL REAL ESTATE 1,114,348 980,332
    DFA INTERNATIONAL SMALL CAP VA 880,383 768,517
    DFA INTERNATIONAL SMALL CO POR 754,658 845,529
    DFA U.S. MICRO CAP PORTFOLIO 1,094,804 1,324,810
    DFA U.S. SMALL CAP VALUE PORTF 1,826,401 2,068,907
    DODGE & COX FUNDS INTERNATIONA 1,142,912 1,313,957
    DODGE & COX INCOME FUND 1,074,747 1,159,345
    ISHARES MSCI USA QUALITY 3,397,231 3,722,518
    PIMCO FUNDS FOREIGN BOND FUND 1,359,003 1,433,752
    PIMCO LOW DURATION INSTL 1,588,365 1,615,351
    PIMCO TOTAL RETURN FUND 1,088,110 1,141,000
    T ROWE PRICE INSTITUTIONAL LAR 1,186,391 2,337,241
    T. ROWE PRICE INTERNATIONAL BO 1,374,433 1,510,293
    T. ROWE PRICE INTL GROWTH & IN 1,195,510 1,257,708
    T. ROWE PRICE NEW ERA FUND I C 1,190,353 1,232,734
    THORNBURG MORTGAGE INC 58,687  
    VANGUARD ENERGY INDEX FD ADMIR 2,146,100 2,064,865
    VANGUARD FTSE ALL-WLD EX-US SM 1,505,681 1,698,767
    VANGUARD GROWTH INDEX FD ADMIR 1,125,525 2,342,202
    VANGUARD INFLATION-PROTECTED S 1,550,623 1,716,423
    VANGUARD INTL GROWTH FD ADMIRA 718,044 1,375,363
    VANGUARD INTL VALUE FUND 1,142,049 1,380,411
    VANGUARD MATERIALS INDEX FD AD 855,637 1,068,000
    VANGUARD REIT INDEX FD ADMIRAL 2,349,493 2,452,496
    VANGUARD SMALL CAP GROWTH INDE 773,489 1,541,730
    VANGUARD SMALL CAP VALUE INDEX 3,164,003 4,080,536
    VANGUARD VALUE INDEX ADM SHARE 3,098,483 4,063,127
    WASHINGTON MUTUAL INVESTORS FU 3,841,625 4,679,072

    TY 2020 OtherExpensesSchedule
    Name:
    Roy and Gwen Steeley Foundation Inc
    EIN:
    27-3900311
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 43,000     43,000
    Bank Charges 20 20    
    Cell Phone Expense 865     865
    Equipment Maintenance 131     131
    Equipment/Furniture Purchase 1,245     1,245
    Foundation Dues & Memberships 1,300     1,300
    Indemnification Insurance 1,942     1,942
    PROPERTY INSURANCE 439     439
    Office Supplies 1,271     1,271
    Payroll Processing Fees 1,602     1,602
    Postage/Delivery Service 290     290
    State or Local Filing Fees 50     50


    TY 2020 OtherIncreasesSchedule
    Name:
    Roy and Gwen Steeley Foundation Inc
    EIN:
    27-3900311
    Description Amount
    RETURNED GRANT 7,383


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Roy and Gwen Steeley Foundation Inc
    EIN:
    27-3900311
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 135,577 135,577    


    TY 2020 TaxesSchedule
    Name:
    Roy and Gwen Steeley Foundation Inc
    EIN:
    27-3900311
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 8,700