TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
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Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
F & J FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)42 FROGMORE RD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MOUNT PLEASANT, SC294646651

A Employer identification number

20-3750796

B Telephone number (see instructions)

(843) 662-0406

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$873,093J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	30,000
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	17,933
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...			51,555
8	Net short-term capital gain.........				11,017
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....		0
11	Other income (attach schedule).......		0
12	Total. Add lines 1 through 11........	47,933		51,555	11,017
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		0
b	Accounting fees (attach schedule).......		3,000	3,000
c	Other professional fees (attach schedule)....		0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		0
19	Depreciation (attach schedule) and depletion...		0
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		175,195	4,239
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	178,195		7,239		0
25	Contributions, gifts, grants paid.......	54,000				54,000
26	Total expenses and disbursements. Add lines 24 and 25	232,195		7,239		54,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-184,262
b	Net investment income (if negative, enter -0-)			44,316
c	Adjusted net income (if negative, enter -0-)...				11,017

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	32,311	36,191	36,191
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....		0
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts		0
	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).......	590,713	465,475	546,484
	c	Investments—corporate bonds (attach schedule).......	194,962	262,213	264,938
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)		0
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........		0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)		0
	15	Other assets (describe )	101,837	25,325	25,480
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	919,823	789,204	873,093
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons		0
	21	Mortgages and other notes payable (attach schedule)......		0
	22	Other liabilities (describe )	0	0
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		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	919,823	789,204
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	919,823	789,204
	30	Total liabilities and net assets/fund balances (see instructions).	919,823	789,204

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

919,823

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

-184,262

Other increases not included in line 2 (itemize) bullet

62,572

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

798,133

Decreases not included in line 2 (itemize) bullet

8,929

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

789,204

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	FIRST TR EXCHANGE	P	2019-02-26	2020-02-11
b	ISHARES TR MSCI USA	P	2019-02-26	2020-02-11
c	ISHARES TRUST SAN FRANCISCO	P	2019-02-26	2020-02-11
d	JOHN HANCOCK MULITFACTOR	P	2019-02-26	2020-02-11
e	SELECT SECTOR SPDR TR	P	2019-02-26	2020-02-11
	JPM GLOBAL ALLOCATION FUND	P	2019-02-26	2020-02-11
	JOHN HANCOCK FUNDS ALTERNATIVE	P	2019-02-26	2020-02-11
	LITMAN GREGORY FUNDS TR	P	2019-02-26	2020-02-11
	EATON VANCE GROWTH TR	P	2019-02-26	2020-02-11
	FEDERATED EQUITY FUNDS STRATEGIC	P	2019-02-26	2020-02-11
	FEDERATED EQUITY FUNDS STRATEGIC	P	2019-12-06	2020-02-11
	FIDELITY CONTRA FUND	P	2019-02-26	2020-02-11
	JPMORGAN TR EQUITY INCOME FUND	P	2019-02-26	2020-02-11
	JOHN HANCOCK FUNDS III DISCIPLINED	P	2019-02-26	2020-02-11
	PRIMECAP ODYSSEY FUNDS GROWTH FUND	P	2019-02-26	2020-02-11
	ZACKS SMALL CAP CORE FUND	P	2019-02-26	2020-02-11
	BLACKROCK FUND LOW DURATION	P	2019-02-26	2020-02-11
	BLACKROCK TOTAL RETURN FUND	P	2019-02-26	2020-02-11
	HOTCHKIS & WILEY FUNDS HIGH YIELD	P	2019-02-26	2020-02-11
	JPMORGAN TR CORE BD	P	2019-02-26	2020-02-11
	PIMCO FUNDS INCOME FUND	P	2019-02-26	2020-02-11
	PUTNAM SHORT DURATION	P	2019-02-26	2020-02-11
	VANGUARD MUN BD FUNDS	P	2019-02-26	2020-02-11
	GOLDMAN SACHS INTERNATIONAL EQUITY	P	2019-02-26	2020-02-11
	NEW WORLD FUND INC	P	2019-02-26	2020-02-11
	ISHARES MSCI	P	2019-02-26	2020-02-11
	FEDERATED EQUITY FUNDS	P	2019-12-06	2020-02-26
	FEDERATED EQUITY FUNDS	P	2019-12-06	2020-02-26
	JP MORGAN ULTRA SHORT	P	2019-05-29	2020-03-12
	EATON VANCE GROWTH TR	P	2019-12-03	2020-03-12
	EATON VANCE GROWTH TR	P	2019-12-03	2020-03-12
	FEDERATED EQUITY FUNDS	P	2019-12-06	2020-03-12
	FEDERATED EQUITY FUNDS	P	2019-12-06	2020-03-12
	FIDELITY SECS FUND OTC	P	2019-09-16	2020-03-12
	JP MORGAN TR EQUITY INCOME FUND SELECT	P	2019-12-13	2020-03-12
	JOHN HANCOCK FUNDS III	P	2019-12-16	2020-03-12
	PRIMECAP ODYSSEY FUNDS GROWTH FUND	P	2019-12-18	2020-03-12
	PRIMECAP ODYSSEY FUNDS GROWTH FUND	P	2019-12-18	2020-03-12
	JP MORGAN TR CORE BD FUND	P	2019-12-13	2020-03-12
	JP MORGAN TR CORE BD FUND	P	2019-12-13	2020-03-12
	NEW WORLD FUND INC NEW CLASS	P	2019-12-23	2020-03-12
	FIRST TR EXCHANGE	P	2020-03-12	2020-04-02
	ISHARES TRE RUSSELL	P	2020-03-12	2020-04-02
	ISHARES TRUST SAN FRANCISCO	P	2020-03-12	2020-04-02
	FIDELITY REAL ESTATE INCOME FUND	P	2020-03-13	2020-04-02
	NORTHERN EQUITY INDEX FUND MID CA	P	2020-03-13	2020-04-02
	NORTHERN FUNDS SMALL CAP	P	2020-03-13	2020-04-02
	NORTHERN FUNDS STK INDEX FUND	P	2020-03-13	2020-04-02
	NORTHERN FUNDS BD INDEX FUND	P	2020-03-13	2020-04-02
	PIMCO FUNDS INCOME FUND	P	2020-03-13	2020-04-02
	BLACKROCK NATIONAL MUNI FUND	P	2020-03-13	2020-04-02
	BLACKROCK STRATEGIC MUNI OPPS	P	2020-03-13	2020-04-02
	DELAWARE NATIONAL HIGH YIELD	P	2020-03-13	2020-04-02
	GOLDMAN SACHS INTL EQ INSIGHTS	P	2020-03-13	2020-04-02
	JOHN HANCOCK INTL GROWTH	P	2020-03-13	2020-04-02
	ISHARES MSCI EMIF	P	2020-03-12	2020-04-02
	ISHARES MSCI EMIF	P	2020-03-12	2020-04-09
	FIRST TR EXCHANGE	P	2020-03-12	2020-04-22
	NORTHERN EQUITY INDEX FUNDS	P	2020-03-13	2020-04-22
	NORTHERN FUNDS STK INDEX	P	2020-03-13	2020-04-22
	NORTHERN FUNDS TAX ADV	P	2020-03-13	2020-04-22
	NORTHERN FUNDS TAX ADV	P	2020-04-03	2020-04-22
	ISHARES TRUST SAN FRANCSICO	P	2020-03-12	2020-04-30
	PROSHARES ULTRAPRO	P	2020-04-30	2020-05-13
	ISHARES TR MSCI USA	P	2020-03-12	2020-09-30
	ISHARES TR RUSSELL	P	2020-03-12	2020-09-30
	AMG YACKTMAN FOCUSED FUND	P	2020-04-03	2020-09-30
	FIDELITY CONTRA FUND	P	2020-02-10	2020-09-30
	FIDELITY CONTRA FUND	P	2019-12-16	2020-09-30
	FIDELTY SECS FUND OTC	P	2019-12-23	2020-09-30
	PARNASSUS CORE EQ FUND	P	2020-04-03	2020-09-30
	JP MORGAN TR CORE BD	P	2020-04-03	2020-09-30
	NORTHERN FUNDS BD	P	2020-03-13	2020-09-30
	NORTHERN ULTRA-SHORT	P	2020-07-22	2020-09-30
	PIMCO FUNDS	P	2020-03-13	2020-09-30
	BLACKROCK NATIONAL MUNI	P	2020-03-13	2020-09-30
	BLACKROCK STRATEGIC	P	2020-03-13	2020-09-30
	DELAWARE NATIONAL	P	2020-03-13	2020-09-30
	VANGUARD MUN BD FUNDS	P	2020-03-13	2020-09-30
	VANGUARD MUN BD FUNDS	P	2020-04-30	2020-09-30
	GOLDMAN SACH INTL	P	2020-03-13	2020-09-30
	JOHN HANCOCK INTL GROWTH	P	2020-03-13	2020-09-30
	PROSHARES ULTRAPRO	P	2020-04-30	2020-12-17
	ISHARES TR MSCI	P	2020-03-12	2020-12-17
	ISHARES INC EDGE	P	2020-09-30	2020-12-17
	ISHARES TR MSCI	P	2020-09-30	2020-12-17
	WISDOMTREE US MIDCAP	P	2020-09-30	2020-12-17
	DFA INVT DIMENSIONS GROUP INC	P	2020-09-30	2020-12-17
	DFA US LARGE CAP GROWTH	P	2020-09-30	2020-12-17
	DFA US LARGE CAP VALUE	P	2020-09-30	2020-12-17
	NORTHERN FUNDS STK INDEX FUND	P	2020-09-30	2020-12-17
	SCHWAB FUNDAMENTAL	P	2020-09-30	2020-12-17
	SCHWAB FUNDAMENTAL	P	2020-09-30	2020-12-17
	SCHWAB FUNDAMENTAL	P	2020-09-30	2020-12-17
	SCHWAB FUNDAMENTAL	P	2020-09-30	2020-12-17
	DFA INTERNATIONAL CORE	P	2020-09-30	2020-12-17
	DFA INVT DIMENSIONS GROUP	P	2020-09-30	2020-12-17
	NORTHERN EMERGING MKT	P	2020-09-30	2020-12-17
	NORTHERN INTL EQ INDEX	P	2020-09-30	2020-12-17
	PROSHARES ULTRAPRO	P	2020-04-30	2020-12-29
	PROSHARES ULTRAPRO	P	2020-04-30	2020-12-29
	FIDELITY SECS FUND OTC	P	2017-09-18	2020-02-11
	PRIMECAP ODYSSEY FUNDS	P	2018-12-18	2020-02-11
	PRIMECAP ODYSSEY FUNDS	P	2016-12-19	2020-02-11
	BLACKROCK TOTAL RETURN FUND	P	2015-12-24	2020-02-11
	JP MORGAN TR CORD BD	P	2016-12-15	2020-02-11
	JOHN HANCOCK FUNDS	P	2017-01-20	2020-02-26
	FEDERATED EQUITY FUNDS	P	2017-03-01	2020-02-26
	FEDERATED EQUITY FUNDS	P	2017-03-01	2020-02-26
	JOHN HANCOCK MULTIFACTOR ENERGY	P	2018-01-25	2020-03-12
	SELECT SECTOR SPDR	P	2017-01-20	2020-03-12
	SELECT SECTOR SPDR	P	2017-01-20	2020-03-12
	JPM GLOBAL ALLOCATION FUND	P	2017-12-18	2020-03-12
	JPM GLOBAL ALLOCATION FUND	P	2017-12-18	2020-03-12
	JPM GLOBAL ALLOCATION FUND	P	2016-02-22	2020-03-12
	JOHN HANCOCK FUNDS ALTERNATIVE	P	2017-01-20	2020-03-12
	JOHN HANCOCK FUNDS ALTERNATIVE	P	2016-02-24	2020-03-12
	LITMAN GREGORY FUNDS	P	2017-01-20	2020-03-12
	LITMAN GREGORY FUNDS	P	2016-02-22	2020-03-12
	EATON VANCE GROWTH ATLANTA	P	2017-12-05	2020-03-12
	EATON VANCE GROWTH ATLANTA	P	2018-12-05	2020-03-12
	EATON VANCE GROWTH ATLANTA	P	2016-02-24	2020-03-12
	FEDERATED EQUITY FUNDS STRATEGIC	P	2017-12-06	2020-03-12
	FEDERATED EQUITY FUNDS STRATEGIC	P	2018-12-10	2020-03-12
	FEDERATED EQUITY FUNDS STRATEGIC	P	2017-01-20	2020-03-12
	FEDERATED EQUITY FUNDS STRATEGIC	P	2016-02-22	2020-03-12
	FEDERATED EQUITY FUNDS STRATEGIC	P	2018-12-10	2020-03-12
	FEDERATED EQUITY FUNDS STRATEGIC	P	2018-12-10	2020-03-12
	FEDERATED EQUITY FUNDS STRATEGIC	P	2017-03-01	2020-03-12
	FEDERATED EQUITY FUNDS STRATEGIC	P	2017-12-06	2020-03-12
	FEDERATED EQUITY FUNDS STRATEGIC	P	2017-12-06	2020-03-12
	FIDELITY SEC FUND OTC	P	2017-12-11	2020-03-12
	FIDELITY SEC FUND OTC	P	2018-12-10	2020-03-12
	FIDELITY SEC FUND OTC	P	2017-03-01	2020-03-12
	FIDELITY SEC FUND OTC	P	2016-10-21	2020-03-12
	JP MORGAN TR EQUITY INCOME	P	2018-12-13	2020-03-12
	JP MORGAN TR EQUITY INCOME	P	2016-07-21	2020-03-12
	PRIMECAP ODYSSEY FUNDS GROWTH FUND	P	2017-12-19	2020-03-12
	PRIMECAP ODYSSEY FUNDS GROWTH FUND	P	2017-12-19	2020-03-12
	PRIMECAP ODYSSEY FUNDS GROWTH FUND	P	2018-12-18	2020-03-12
	PRIMECAP ODYSSEY FUNDS GROWTH FUND	P	2017-01-20	2020-03-12
	ZACKS SMALL CAP CORE FUND	P	2017-12-19	2020-03-12
	ZACKS SMALL CAP CORE FUND	P	2017-12-19	2020-03-12
	ZACKS SMALL CAP CORE FUND	P	2018-12-13	2020-03-12
	ZACKS SMALL CAP CORE FUND	P	2018-12-13	2020-03-12
	ZACKS SMALL CAP CORE FUND	P	2014-10-09	2020-03-12
	ZACKS SMALL CAP CORE FUND	P	2016-02-18	2020-03-12
	BLACKROCK FUND LOW DURATION	P	2017-01-20	2020-03-12
	BLACKROCK FUND LOW DURATION	P	2016-02-24	2020-03-12
	BLACKROCK FUND II MULTI	P	2016-02-22	2020-03-12
	BLACKROCK TOTAL RETURN	P	2015-02-06	2020-03-12
	BLACKROCK TOTAL RETURN	P	2016-10-21	2020-03-12
	HOTCHKIS & WILEY FUNDS	P	2016-02-22	2020-03-12
	JP MORGAN TR CORE BD	P	2016-02-24	2020-03-12
	JP MORGAN TR CORE BD	P	2016-06-08	2020-03-12
	MILLER INVT TR	P	2017-12-27	2020-03-12
	MILLER INVT TR	P	2017-12-27	2020-03-12
	MILLER INVT TR	P	2018-12-27	2020-03-12
	MILLER INVT TR	P	2018-12-27	2020-03-12
	MILLER INVT TR	P	2016-02-22	2020-03-12
	PIMCO FUNDS INVT MGMT	P	2017-11-21	2020-03-12
	PIMCO FUNDS INVT MGMT	P	2017-12-14	2020-03-12
	PIMCO FUNDS INVT MGMT	P	2017-12-14	2020-03-12
	PIMCO FUNDS INVT MGMT	P	2018-12-13	2020-03-12
	NEW WORLD FUND INC	P	2017-12-26	2020-03-12
	NEW WORLD FUND INC	P	2018-12-26	2020-03-12
	NEW WORLD FUND INC	P	2016-02-24	2020-03-12
	FIDELITY CONTRA FUN	P	2018-02-12	2020-04-02
	JP MORGAN TR EQUITY	P	2006-07-21	2020-04-02
	PRIMECAP ODYSSEY FUNDS GROWTH FUND	P	2017-01-20	2020-04-02
	PRIMECAP ODYSSEY FUNDS GROWTH FUND	P	2016-12-19	2020-04-02
	PRIMECAP ODYSSEY FUNDS GROWTH FUND	P	2016-02-22	2020-04-02
	NEW WORLD FUND INC	P	2016-02-24	2020-04-02
	NEW WORLD FUND INC	P	2016-02-24	2020-04-03
	FIDELITY CONTRA FUND	P	2018-02-12	2020-09-30
	FIDELITY CONTRA FUND	P	2018-02-12	2020-09-30
	FIDELITY CONTRA FUND	P	2017-12-11	2020-09-30
	FIDELITY CONTRA FUND	P	2019-02-11	2020-09-30
	FIDELITY CONTRA FUND	P	2018-12-10	2020-09-30
	FIDELITY CONTRA FUND	P	2016-02-22	2020-09-30
	FIDELITY SECS FUND OTC	P	2018-09-17	2020-09-30
	FIDELITY SECS FUND OTC	P	2019-09-16	2020-09-30
	FIDELITY SECS FUND OTC	P	2016-10-21	2020-09-30
	FIDELITY SECS FUND OTC	P	2016-12-09	2020-09-30
	FIDELITY SECS FUND OTC	P	2016-12-12	2020-09-30
	JP MORGAN TR EQUITY INCOME	P	2016-07-21	2020-09-30
	PRIMECAP ODYSSEY FUNDS GROWTH	P	2016-02-22	2020-09-30
	JP MORGAN TR I CORE BD	P	2016-02-24	2020-09-30
	JP MORGAN TR I CORE BD	P	2017-12-14	2020-09-30
	JP MORGAN TR I CORE BD	P	2017-01-20	2020-09-30
	JP MORGAN TR I CORE BD	P	2016-12-15	2020-09-30
	JP MORGAN TR I CORE BD	P	2018-12-13	2020-09-30
	VANGUARD MUN BD FUNDS INTER	P	2017-01-20	2020-09-30
	VANGUARD MUN BD FUNDS INTER	P	2016-02-24	2020-09-30
	FIDELITY SECS FUND OTC	P	2020-09-14	2020-09-14
	DFS INTERMEDIATE GOVERNMENT FIXED INCOME	P	2020-12-15	2020-12-15
	NORTHERN FUND BD INDEX	P	2020-12-17	2020-12-17
	FIDELITY CONTRA FUND	P	2019-01-01	2020-02-10
	FIDELITY SECS FUND OTC	P	2019-01-01	2020-09-14
	DFS INTERMEDIATE GOVERNMENT FIXED INCOME	P	2019-01-01	2020-12-15
	DFS INTERMEDIATE TERM	P	2019-01-01	2020-12-15
	NORTHERN FUNDS	P	2019-01-01	2020-12-17
	NORTHERN FUNDS	P	2019-01-01	2020-12-17
	SCHWAB FUNDAMENTAL	P	2019-01-01	2020-12-21

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	163	151	12
b	344	422	-78
c	1,682	1,273	409
d	149	184	-35
e	217	186	31
	257	237	20
	161	158	3
	244	237	7
	228	205	23
	765	752	13
	102	100	2
	648	547	101
	1,089	957	132
	230	205	25
	134	129	5
	220	205	15
	321	315	6
	71	66	5
	208	210	-2
	542	511	31
	319	315	4
	237	237	0
	329	315	14
	658	615	43
	190	171	19
	132	131	1
	159	153	6
	5	5	0
	300	303	-3
	99	131	-32
	3,098	4,115	-1,017
	2,432	2,921	-489
	3,274	4,334	-1,060
	4,384	4,660	-276
	853	1,136	-283
	2	3	-1
	68	94	-26
	2,048	2,823	-775
	2	2	0
	389	380	9
	753	975	-222
	5,074	5,621	-547
	15,353	15,929	-576
	37,630	38,209	-579
	14,320	18,140	-3,820
	10,704	12,026	-1,322
	16,292	18,140	-1,848
	1,420	1,531	-111
	5,875	5,822	53
	21,611	22,522	-911
	218	225	-7
	5,776	6,126	-350
	14,702	16,070	-1,368
	14,181	14,549	-368
	7,824	7,998	-174
	2,652	2,683	-31
	5,394	5,535	-141
	3,374	3,433	-59
	11,910	12,161	-251
	9,630	9,366	264
	31,578	31,578	0
	34,912	34,775	137
	62,678	54,404	8,274
	22,470	20,678	1,792
	1,585	1,367	218
	72,632	61,143	11,489
	53,360	42,392	10,968
	374	337	37
	1,858	1,564	294
	1,013	841	172
	57,141	42,392	14,749
	6,437	6,246	191
	2,000	1,945	55
	20,000	20,000	0
	27,095	26,309	786
	40,248	38,840	1,408
	26,763	26,428	335
	6,833	6,718	115
	19,569	18,983	586
	9,600	9,195	405
	34,553	27,778	6,775
	29,407	22,235	7,172
	15,805	40,277	-24,472
	1,487	1,203	284
	903	828	75
	1,461	1,363	98
	5,009	3,922	1,087
	3,025	2,370	655
	2,350	2,176	174
	6,750	5,759	991
	5,650	5,234	416
	4,600	3,792	808
	8,775	7,210	1,565
	12,475	10,674	1,801
	3,350	2,579	771
	6,125	5,268	857
	4,025	3,392	633
	1,800	1,571	229
	3,175	2,803	372
	14,751	38,027	-23,276
	1,665	4,300	-2,635
	338	255	83
	64	54	10
	304	212	92
	379	360	19
	16	15	1
	6	6	0
	2,110	2,380	-270
	310	350	-40
	8,650	27,789	-19,139
	34,139	27,964	6,175
	24,854	27,780	-2,926
	178	200	-22
	280	315	-35
	29,215	27,000	2,215
	472	494	-22
	27,162	27,000	162
	9,252	9,500	-248
	18,685	18,000	685
	1,453	1,749	-296
	2,972	3,498	-526
	43,307	39,052	4,255
	734	744	-10
	5,547	5,505	42
	14,555	12,690	1,865
	36,656	27,000	9,656
	122	161	-39
	2,435	3,212	-777
	59,240	86,269	-27,029
	580	836	-256
	3,494	5,039	-1,545
	300	315	-15
	1,697	1,673	24
	12,697	11,386	1,311
	38,253	31,518	6,735
	2,276	2,610	-334
	5,220	5,347	-127
	11	14	-3
	529	673	-144
	874	1,041	-167
	6,744	6,737	7
	2,308	3,661	-1,353
	2,498	3,963	-1,465
	2,358	3,113	-755
	1,803	2,380	-577
	8,170	9,866	-1,696
	28,165	33,000	-4,835
	993	1,000	-7
	12,435	12,500	-65
	17,681	18,000	-319
	18,655	18,686	-31
	10,781	10,700	81
	13,681	14,000	-319
	44,791	43,389	1,402
	5,105	5,000	105
	147	161	-14
	5	6	-1
	96	94	2
	73	71	2
	9,390	9,000	390
	26,720	27,000	-280
	102	102	0
	103	103	0
	28	26	2
	269	329	-60
	361	371	-10
	21,681	18,355	3,326
	398	405	-7
	15,399	15,829	-430
	3,636	3,558	78
	763	739	24
	716	581	135
	725	618	107
	5,324	4,617	707
	415	320	95
	154	113	41
	2,538	1,855	683
	464	332	132
	3,452	2,361	1,091
	45,687	25,139	20,548
	3,276	2,724	552
	2,935	2,232	703
	6,265	3,482	2,783
	246	132	114
	1,796	965	831
	73,618	61,972	11,646
	44,247	26,687	17,560
	30,216	28,478	1,738
	187	175	12
	1,836	1,700	136
	291	268	23
	80	72	8
	1,901	1,800	101
	18,375	18,000	375
	41	0	41
	81	0	81
	13	0	13
	323	0	323
	956	0	956
	759	0	759
	429	0	429
	1,683	0	1,683
	555	0	555
	3,157	0	3,157

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	0	0	0	12
b	0	0	0	-78
c	0	0	0	409
d	0	0	0	-35
e	0	0	0	31
	0	0	0	20
	0	0	0	3
	0	0	0	7
	0	0	0	23
	0	0	0	13
	0	0	0	2
	0	0	0	101
	0	0	0	132
	0	0	0	25
	0	0	0	5
	0	0	0	15
	0	0	0	6
	0	0	0	5
	0	0	0	-2
	0	0	0	31
	0	0	0	4
	0	0	0	0
	0	0	0	14
	0	0	0	43
	0	0	0	19
	0	0	0	1
	0	0	0	6
	0	0	0	0
	0	0	0	-3
	0	0	0	-32
	0	0	0	-1,017
	0	0	0	-489
	0	0	0	-1,060
	0	0	0	-276
	0	0	0	-283
	0	0	0	-1
	0	0	0	-26
	0	0	0	-775
	0	0	0	0
	0	0	0	9
	0	0	0	-222
	0	0	0	-547
	0	0	0	-576
	0	0	0	-579
	0	0	0	-3,820
	0	0	0	-1,322
	0	0	0	-1,848
	0	0	0	-111
	0	0	0	53
	0	0	0	-911
	0	0	0	-7
	0	0	0	-350
	0	0	0	-1,368
	0	0	0	-368
	0	0	0	-174
	0	0	0	-31
	0	0	0	-141
	0	0	0	-59
	0	0	0	-251
	0	0	0	264
	0	0	0	0
	0	0	0	137
	0	0	0	8,274
	0	0	0	1,792
	0	0	0	218
	0	0	0	11,489
	0	0	0	10,968
	0	0	0	37
	0	0	0	294
	0	0	0	172
	0	0	0	14,749
	0	0	0	191
	0	0	0	55
	0	0	0	0
	0	0	0	786
	0	0	0	1,408
	0	0	0	335
	0	0	0	115
	0	0	0	586
	0	0	0	405
	0	0	0	6,775
	0	0	0	7,172
	0	0	0	-24,472
	0	0	0	284
	0	0	0	75
	0	0	0	98
	0	0	0	1,087
	0	0	0	655
	0	0	0	174
	0	0	0	991
	0	0	0	416
	0	0	0	808
	0	0	0	1,565
	0	0	0	1,801
	0	0	0	771
	0	0	0	857
	0	0	0	633
	0	0	0	229
	0	0	0	372
	0	0	0	-23,276
	0	0	0	-2,635
	0	0	0	83
	0	0	0	10
	0	0	0	92
	0	0	0	19
	0	0	0	1
	0	0	0	0
	0	0	0	-270
	0	0	0	-40
	0	0	0	-19,139
	0	0	0	6,175
	0	0	0	-2,926
	0	0	0	-22
	0	0	0	-35
	0	0	0	2,215
	0	0	0	-22
	0	0	0	162
	0	0	0	-248
	0	0	0	685
	0	0	0	-296
	0	0	0	-526
	0	0	0	4,255
	0	0	0	-10
	0	0	0	42
	0	0	0	1,865
	0	0	0	9,656
	0	0	0	-39
	0	0	0	-777
	0	0	0	-27,029
	0	0	0	-256
	0	0	0	-1,545
	0	0	0	-15
	0	0	0	24
	0	0	0	1,311
	0	0	0	6,735
	0	0	0	-334
	0	0	0	-127
	0	0	0	-3
	0	0	0	-144
	0	0	0	-167
	0	0	0	7
	0	0	0	-1,353
	0	0	0	-1,465
	0	0	0	-755
	0	0	0	-577
	0	0	0	-1,696
	0	0	0	-4,835
	0	0	0	-7
	0	0	0	-65
	0	0	0	-319
	0	0	0	-31
	0	0	0	81
	0	0	0	-319
	0	0	0	1,402
	0	0	0	105
	0	0	0	-14
	0	0	0	-1
	0	0	0	2
	0	0	0	2
	0	0	0	390
	0	0	0	-280
	0	0	0	0
	0	0	0	0
	0	0	0	2
	0	0	0	-60
	0	0	0	-10
	0	0	0	3,326
	0	0	0	-7
	0	0	0	-430
	0	0	0	78
	0	0	0	24
	0	0	0	135
	0	0	0	107
	0	0	0	707
	0	0	0	95
	0	0	0	41
	0	0	0	683
	0	0	0	132
	0	0	0	1,091
	0	0	0	20,548
	0	0	0	552
	0	0	0	703
	0	0	0	2,783
	0	0	0	114
	0	0	0	831
	0	0	0	11,646
	0	0	0	17,560
	0	0	0	1,738
	0	0	0	12
	0	0	0	136
	0	0	0	23
	0	0	0	8
	0	0	0	101
	0	0	0	375
	0	0	0	41
	0	0	0	81
	0	0	0	13
	0	0	0	323
	0	0	0	956
	0	0	0	759
	0	0	0	429
	0	0	0	1,683
	0	0	0	555
	0	0	0	3,157

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	51,555
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	11,017

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

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

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

Form 990-PF (2020)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	616
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	616
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	616
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	1,764
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,764
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,148
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax1,148	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

N/A

The books are in care of bullet

SOUTHEASTERN TRUST COMPANY Telephone no. bullet

(423) 308-6493

Located at bullet

1 UNION SQUARECHATTANOOGATN ZIP+4 bullet

37402

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2020?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2020.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

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

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
ANGELA A LYNCH	PRESIDENT 1.00	0	0	0
42 FROGMORE RD MOUNT PLEASANT,SC294646651	PRESIDENT 1.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2020)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	NONE	0
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	NONE	0
2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

873,093

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

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

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

873,093

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

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

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

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

873,093

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

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

13,096

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

859,997

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

43,000

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

43,000

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

616

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

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

616

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

42,384

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

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

42,384

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

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

42,384

Part XII

Qualifying Distributions (see instructions)

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

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

54,000

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

54,000

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

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

54,000

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					42,384
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2020:
a From 2015......	50,245
b From 2016......	48,400
c From 2017......	53,100
d From 2018......	52,500
e From 2019......	49,500
fTotal of lines 3a through e........		253,745
4Qualifying distributions for 2020 from Part
XII, line 4: $ 54,000
a Applied to 2019, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....
e Remaining amount distributed out of corpus		54,000
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		307,745
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......
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 ..........					42,384
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) ...		50,245
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		257,500
10 Analysis of line 9:
a Excess from 2016....	48,400
b Excess from 2017....	53,100
c Excess from 2018....	52,500
d Excess from 2019....	49,500
e Excess from 2020....	54,000

Form 990-PF (2020)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or 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)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BOYS AND GIRLS CLUBS OF THE PEE DEE 2295 HOFFMEYER ROAD FLORENCE,SC29501		PC	DISADVANTAGED YOUTH	10,000
HOUSE OF HOPE 1020 WEST DARLINGTON ST FLORENCE,SC29501		PC	HOMELESS WOMEN & CHILDREN	5,000
FRANCIS MARION UNIVERSITY ATHLETICS HWY 327 FLORENCE,SC29501		PC	HIGHER EDUCATION	2,000
CENTRAL UNITED METHODIST CHURCH 225 W CHEVES ST FLORENCE,SC29501		PC	RELIGIOUS	7,500
FAMILY HERITAGE FOUNDATION 822 N INDIAN CREEK DR CLARKSTON,GA30021		PC	AT-RISK CHILDREN	1,000
CHATTANOOGA COMMUNITY KITCHEN 727 E 11TH ST CHATTANOOGA,TN37403		PC	FOOD & SHELTER PROGRAM	1,000
THOMPSON CHILD AND FAMILY FOCUS 6800 SAINT PETERS LANE MATTHEWS,NC28105		PC	CHILDREN & FAMILY WELL-BEING PROGRAM	1,200
CHARLOTTE RESCUE MISSION 907 W 1ST ST CHARLOTTE,NC28202		PC	DRUG ADDITION TREATMENT CENTER	1,200
LOAVES & FISHES 648B GRIFFITH RD CHARLOTTE,NC28217		PC	EMERGENCY FOOD PANTRY	600
THE UNIVERSITY OF MISSISSIPPI FOUNDATION 406 UNIVERSITY AVENUE OXFORD,MS38655		PC	EDUCATION	500
BOYS AND GIRLS CLUB OF THE PLATEAU PO BOX 1812 CASHIERS,NC28717		PC	DISADVANTAGED YOUTH	2,500
CASHIERS UNITED METHODIST CHURCH PO BOX 162 CASHIERS,NC28717		PC	RELIGIOUS	2,000
CHATTANOOGA PREPERATORY SCHOOL PO BOX 3809 CHATTANOOGA,TN37404		PC	EDUCATION	1,000
FRIENDS OF ALBERT CARLTON COMMUNITY LIBRARY PO BOX 3303 CASHIERS,NC28717		PC	EDUCATION	1,500
TRINITY EPISCOPAL CHURCH 750 E 9TH ST CHARLOTTE,NC28202		PC	RELIGIOUS	2,500
EAST COOPER MEALS ON WHEELS PO BOX 583 MOUNT PLEASANT,SC29465		PC	FOOD PROGRAM	1,500
BOYS AND GIRLS CLUB SEASON OF GIVING 2295 HOFFMEYER ROAD FLORENCE,SC29501		PC	DISADVANTAGED YOUTH	2,500
FMU EDUCATION FOUNDATION HWY 327 FLORENCE,SC29501		PC	HIGHER EDUCATION	3,000
BELMONT UNIVERSITY 1900 BELMONT BLVD NASHVILLE,TN37212		PC	HIGHER EDUCATION	1,500
THE CITADEL 171 MOULTRIE ST CHARLESTON,SC29409		PC	HIGHER EDUCATION	2,000
TAYLOR UNITED METHODIST CHURCH 11 MAIN ST TAYLOR,MS38673		PC	RELIGIOUS	500
FRIENDSHIP TRAYS 2401 DISTRIBUTION ST A CHARLOTTE,NC28203		PC	FOOD PROGRAM	500
MCCALLIE FAULKNER EMERGENCY FUND 500 DODDS AVENUE CHATTANOOGA,TN37404		PC	CHILDREN & FAMILY WELL-BEING PROGRAM	3,000
Total ................................. 3a				54,000

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
aN/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 ...........
4 Dividends and interest from securities....					17,933
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 ............
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)..					17,933

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

17,933

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
4	N/A

Form 990-PF (2020)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:
Part VI Line 7 -Original Return Overpayment:	-1,764

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

F & J FOUNDATION INC

EIN:

20-3750796

Name of Bond	End of Year Book Value	End of Year Fair Market Value
FLEXSHARES DISCIPLINED DURATION	44,844	44,511
POWERSHARES FUNDAMENTAL HIGH YIELD	24,342	25,273
VANECK VECTORS JP MORGAN	23,686	25,285
DFA INTERMEDIATE GOVERNMENT	39,565	38,347
DFA INTERMEDIATE TERM	63,954	64,476
NORTHERN FUNDS BD INDEX	65,822	67,046

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

F & J FOUNDATION INC

EIN:

20-3750796

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ISHARES TR MSCI USA	30,888	38,353
ISHARES INC EDGE MSCI	11,585	12,827
ISHARES TR MSCI EAFE	23,522	25,326
DFA INTERNATIONL CORE EQUITY	40,382	47,145
DFA INVT DIMENSIONS GROUP INC	21,508	25,996
DFA INVT DIMENSIONS GROUP SMALL	10,080	12,909
DFA US LARGE CAP	43,474	47,421
DFA US LARGE CAP VALUE	39,891	47,079
NORTHERN EQUITY INDEX FUND	22,097	25,120
NORTHERN FUNDS EMERGING MKTS	10,879	12,651
NORTHERN FUNDS STK INDEX	48,592	62,515
SCHWAB FUNDAMENTAL EM LARGE	21,108	24,961
SCHWAB FUNDAMENTAL INTL LARGE	38,440	45,641
SCHWAB FUNDAMENTAL US LARGE CO	76,450	84,539
SCHWAB FUNDAMENTAL US SMALL INDEX	9,870	12,706
WISDOMTREE US MIDCAP	16,709	21,295

- TIN:

TY 2020 OtherAssetsSchedule

Name:

F & J FOUNDATION INC

EIN:

20-3750796

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
JOHN HANCOCK FUNDS	27,658	0	0
LITMAN GREGORY FUNDS	27,737	0	0
BLACKROCK FUNDS	18,000	0	0
JPM GLOBAL ALLOCATION FUND	27,751	0	0
FIRST TR EXCHANGE FUND	151	0	0
JPMORGAN ULTRA-SHORT INCOME	303	0	0
PUTNAM SHORT DURATION	237	0	0
ABBEY CAPITAL FUTURES STRATEGY FUND	0	25,325	25,480

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

F & J FOUNDATION INC

EIN:

20-3750796

Description	Amount
VARIOUS	8,929

- TIN:

TY 2020 OtherExpensesSchedule

Name:

F & J FOUNDATION INC

EIN:

20-3750796

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	4,239	4,239
INSURANCE PREMIUMS	170,956

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

F & J FOUNDATION INC

EIN:

20-3750796

Description	Amount
CAPITAL GAINS	62,572