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
The Azby Fund
 
Number and street (or P.O. box number if mail is not delivered to street address)650 Poydras Street No 2521
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New Orleans, LA70130
A Employer identification number

72-6049781
B Telephone number (see instructions)

(504) 581-2549
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$24,056,488J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 54,867 54,867  
4 Dividends and interest from securities... 277,335 277,335  
5a Gross rents............ 148,732 148,732  
b Net rental income or (loss) -24,372
6a Net gain or (loss) from sale of assets not on line 10 -88,240
b Gross sales price for all assets on line 6a 531,126
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 750,714 674,414  
12 Total. Add lines 1 through 11........ 1,143,408 1,155,348  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 427,264 389,387   37,877
14 Other employee salaries and wages...... 2,763 2,763   0
15 Pension plans, employee benefits....... 55,189 39,184   16,005
16a Legal fees (attach schedule)......... Click to see attachment 78,790 78,790   0
b Accounting fees (attach schedule)....... Click to see attachment 30,436 25,000   5,436
c Other professional fees (attach schedule).... Click to see attachment 35,000 35,000   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 53,553 33,941   8,456
19 Depreciation (attach schedule) and depletion... Click to see attachment 495 345  
20 Occupancy.............. 47,682 42,682   5,000
21 Travel, conferences, and meetings....... 781 781   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 203,407 198,729   4,146
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 935,360 846,602   76,920
25 Contributions, gifts, grants paid....... 525,100 525,100
26 Total expenses and disbursements. Add lines 24 and 25 1,460,460 846,602   602,020
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -317,052
b Net investment income (if negative, enter -0-) 308,746
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............. 359 359 359
2 Savings and temporary cash investments......... 6,862,969 2,657,368 2,765,213
3 Accounts receivable bullet14,299
Less: allowance for doubtful accounts bullet   9,330 14,299 14,299
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)....... 5,443,474 Click to see attachment9,424,771 13,809,536
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet6,327,717
Less: accumulated depreciation (attach schedule) bullet   6,327,717 6,327,717 6,295,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 299,816 Click to see attachment296,645 309,090
14 Land, buildings, and equipment: basis bullet143,327
Less: accumulated depreciation (attach schedule) bullet109,567 104,503 Click to see attachment33,760 33,760
15 Other assets (describe bullet) Click to see attachment5,520 Click to see attachment29,231 Click to see attachment829,231
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,053,688 18,784,150 24,056,488
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment26,836 Click to see attachment74,350
23 Total liabilities (add lines 17 through 22)......... 26,836 74,350
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 19,026,852 18,709,800
29 Total net assets or fund balances (see instructions)..... 19,026,852 18,709,800
30 Total liabilities and net assets/fund balances (see instructions). 19,053,688 18,784,150
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
19,026,852
2
Enter amount from Part I, line 27a .....................
2
-317,052
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
18,709,800
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
18,709,800
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 Vaneck Vectors Oil P 2019-09-16 2020-04-16
b Raytheon Technologies Co P 2009-03-13 2020-04-06
c Occidental Petrol Co P   2020-06-19
d Citigroup P   2020-06-25
e Ford Motor Co P   2020-06-25
Frontier Comm Co P   2020-06-25
General Motors P   2020-06-25
Komatsu P   2020-06-25
Transdigm Group Inc P   2020-06-25
Ark Innovation ETF P 2020-10-26 2020-12-15
Automobile P    
Timber Livingston Parish P 1982-01-01 2020-05-31
Abandon equipment P   2020-12-31
(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 55   181 -126
b 48   20 28
c 23,210   96,617 -73,407
d 121,518   126,826 -5,308
e 23,936   50,009 -26,073
25   28,982 -28,957
10,011   15,028 -5,017
71,960   48,745 23,215
36,188   32,993 3,195
195,992   149,717 46,275
27,500   70,248 -42,748
20,683     20,683
  51,173 51,173 0
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       -126
b       28
c       -73,407
d       -5,308
e       -26,073
      -28,957
      -5,017
      23,215
      3,195
      46,275
      -42,748
      20,683
      0
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 -88,240
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 4,292
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 4,292
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 4,292
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 28,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 28,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 23,708
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet23,708 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletLA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMichael S Liebaert Telephone no.bullet (504) 581-2549

    Located atbullet650 Poydras Street No 2521New OrleansLA ZIP+4bullet70130
    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
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Ann Fitzmorris President
    1.00     		0 0 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Aimee' F Siegel Director
    0.50     		0 0 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Thomas B Lemann Secretary Treasurer
    0.50     		0 0 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Michael S Liebaert Executive Director Retired
    30.00     		180,917 18,029 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Michael S Liebaert Asst Secretary Treasurer
    35.00     		96,985 795 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Patrick W Fitzmorris Executive Director
    35.00     		149,362 4,432 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    Samuel S Farnet Jr Vice President
    0.50     		0 0 0
    650 Poydras Street Suite 2521
    New Orleans,LA70130
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    13,005,140
    b
    Average of monthly cash balances.......................
    1b
    1,468,167
    c
    Fair market value of all other assets (see instructions)................
    1c
    7,481,380
    d
    Total (add lines 1a, b, and c).........................
    1d
    21,954,687
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    21,954,687
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    329,320
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    21,625,367
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,081,268
    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
    1,081,268
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    4,292
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,292
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,076,976
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,076,976
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,076,976
    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
    602,020
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    602,020
    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
    602,020
    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 1,076,976
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 483,846
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 602,020
    a Applied to 2019, but not more than line 2a 483,846
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 118,174
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		958,802
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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
    30 X Ninety Theatre Inc
    880 Lafayette St
    Mandeville,LA70448     		None Public Charity Arts Theater 4,500
    Archbishop's Community Appeal
    1000 Howard Avenue Suite 200
    New Orleans,LA70113     		None Public Charity Civic 1,500
    Art Klub NOLA Inc
    1941 Arts Street
    New Orleans,LA70117     		None Public Charity Arts 23,600
    Arts Council of New Orleans
    935 Gravier St Suite 850
    New Orleans,LA70112     		None Public Charity Arts 20,000
    Ben Franklin High School
    2001 Leon C Simon Dr
    New Orleans,LA70122     		None Public Charity Education 2,000
    Catholic High School
    855 Hearthstone Dr
    Baton Rouge,LA70806     		NONE Public Charity Education 2,500
    Christ Episcopal School
    80 Christwood Blvd
    Covington,LA704336420     		None Public Charity Education 2,500
    Coastal Conservation Association
    P O Box 86458
    Baton Rouge,LA70879     		None Public Charity Coastal Conservation 1,500
    Contemporary Arts Center
    Camp Street
    New Orleans,LA70130     		None Public Charity Arts education 5,000
    Drews Tunes
    P O Box 840212
    New Orleans,LA70184     		None Public Charity Support for Disadvantaged 1,000
    Ellis Marsalis Center for Music
    1901 Bartholomew Street
    New Orleans,LA70117     		None Public Charity Education Civic Arts 1,000
    Fore Kid's Foundation
    11005 Lapalco Blvd
    Avondale,LA70094     		None Public Charity Civic 6,000
    French Camp Academy
    1 Fine Pl
    French Camp,MS39745     		None Public Charity Education 1,000
    Friends of City Park
    1 Palm Drive
    New Orleans,LA70124     		None Public Charity Civic 120,500
    Friends of Lafitte Corridor Inc
    P O Box 791727
    New Orleans,LA70179     		None Public Charity Civic 2,000
    Friends of New Orleans Lakefront Airport
    6001 Stars Stripes Blvd
    New Orleans,LA70126     		None Public Charity Civic 10,500
    Good Shepherd School
    1839 Agriculture
    New Orleans,LA70119     		None Public Charity Education 2,500
    Greater New Orleans Sports Foundation
    2020 St Charles Avenue
    New Orleans,LA70130     		None Public Charity Civic 5,000
    Historic New Orleans Collection
    533 Royal Street
    New Orleans,LA70116     		None Public Charity Historical 11,000
    Holy Name of Jesus School
    6325 Cromwell PL
    New Orleans,LA70118     		none Public Charity Education 2,000
    Jesuit High School
    4133 Banks ST
    New Orleans,LA70119     		None Public Charity Education 8,000
    KidSmart Foundation
    1920 Clio St
    New Orleans,LA70113     		None Public Charity Arts 4,500
    Longue Vue House & Gardens
    7 Bamboo Road
    New Orleans,LA70124     		None Public Charity Civic 2,000
    Louisiana Civil Service League
    810 Union Street Suite 305
    New Orleans,LA70112     		None Public Charity Civic 5,000
    Louisiana Rugby Corporation
    1305 Dublin Street
    New Orleans,LA70118     		None Public Charity Education & Recreation 7,500
    Metairie Park Country Day School
    300 Park Road
    Metairie,LA70005     		None Public Charity Education 1,000
    Museum of the Southern Jewish Experience
    818 Howard Avenue
    New Orleans,LA70113     		None Public Charity Jewish Culture 5,000
    New Orleans Airlift Inc
    4559 N Rampart STreet
    New Orleans,LA70117     		None Public Charity Arts 5,000
    New Orleans Area Habitat for Humanity
    2900 Elysian Fields Avenue
    New Orleans,LA70122     		None Public Charity Housing for underpriviledged 2,500
    New Orleans Film & Video Festival
    1215 Prytania Street Ste 423
    New Orleans,LA70130     		None Public Charity Arts Film & Video 12,500
    New Orleans Museum of Art
    Collins Diboll Circle
    New Orleans,LA70124     		None Public Charity Arts 63,000
    Northshore Community Foundation
    807 Columbia St
    Covington,LA70433     		None Public Charity Civic 2,500
    Notre Dame Seminary
    2901 S Carrollton Avenue
    New Orleans,LA70118     		None Public Charity Religious 5,000
    Preservation Resource Center
    923 Tchoupitoulas St
    New Orleans,LA70130     		None Public Charity Historical Preservation of Buildings 4,500
    Press Street
    3718 St Claude Avenue
    New Orleans,LA70117     		None Public Charity Civic 2,500
    Recreational Fisheries Institute
    1040 Jameson Place
    Covington,LA704336420     		None Public Charity Environment 20,000
    Richard Murphy House Memorial Foundation
    1109 South Chestnut St
    Hammond,LA70403     		None Public Charity Civic 2,000
    River Road Historical Society
    13034 River Road
    Destrehan,LA70047     		None Public Charity Historical 35,000
    Save Our Cemeteries Inc
    1539 Jackson Avenue Ste 415
    New Orleans,LA70130     		None Public Charity Historical Architecture 6,500
    St Francis Catholic Church
    631 State ST
    New Orleans,LA70118     		None Public Charity Religion 2,500
    St George's Catholic School
    7880 St Georges Drive
    Baton Rouge,LA70809     		None Public Charity Educational 2,500
    St John's Historic Cemetery
    P O Box 751 718 Jackson St
    Thibodaux,LA70302     		None Public Charity Historical 2,500
    St Joseph Abbey
    75376 River Road
    St Benedict,LA70457     		None Public Charity Religion and Education 1,500
    St Mary's Dominican High School
    7701 Walmsley Avenue
    New Orleans,LA70125     		None Public Charity Education 52,000
    St Michael's Special School
    1522 Chippewa St
    New Orleans,LA70130     		None Public Charity Education for the Disabled 5,000
    Start the Adventue in Reading
    1545 State ST
    New Orleans,LA70118     		None Public Charity Education 1,500
    Stuart Hall School
    2032 S Carrollton Avenue
    New Orleans,LA70118     		None Public Charity Education 1,000
    Temple Sinai
    6227 St Charles Avenue
    New Orleans,LA70118     		None Public Charity Religion 17,500
    The Garden Conservancy
    P O Box 219
    Coldspring,NY10516     		None Public Charity Educational 1,500
    The Harry Thompson Center Inc
    1803 Gravier ST
    New Orleans,LA70112     		None Public Charity Civic 5,000
    The Nature Conservancy
    321 St Charles Ave
    New Orleans,LA70130     		None Public Charity Preservation 1,000
    Urban Conservancy
    5030 S Liberty Street
    New Orleans,LA70115     		None Public Charity Civic 2,500
    Wild at Heart Rescue
    16020 Larue Rd
    Vancleave,MS39565     		None Public Charity Medical 7,000
    Wish to Fish Louisiana Inc
    673 Cameron Court
    Kenner,LA70065     		None Public Charity Recreation and Civic 2,500
    Total .................................bullet 3a 525,100
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 54,867  
    4 Dividends and interest from securities....     14 277,335  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -24,372  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 750,714  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -88,240  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 970,304 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    970,304
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    The Azby Fund
    EIN:
    72-6049781
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    David Kirk Stirton, CPA 30,436 25,000   5,436

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

    TY 2020 DepreciationSchedule
    Name:
    The Azby Fund
    EIN:
    72-6049781
    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
    Furniture & Fixtures 1990-01-01 35,072 35,072 SL 7.000000000000 0 0    
    Furniture & Fixtures 1998-06-30 2,564 2,564 SL 7.000000000000 0 0    
    Computer & Micrometer 1995-01-01 18,841 18,841 SL 5.000000000000 0 0    
    Furniture & Fixtures 1999-06-30 4,873 4,873 SL 7.000000000000 0 0    
    Furniture & Fixtures 2000-06-30 826 826 SL 5.000000000000 0 0    
    Equipment 2002-06-30 5,839 5,839 SL 5.000000000000 0 0    
    Office Equipment 2003-06-30 1,324 1,324 SL 5.000000000000 0 0    
    Furniture & Fixtures 2004-04-30 41,860 20,930 SL 7.000000000000 0 0    
    Leasehold Improvements 2004-04-30 11,634 11,634 SL 10.000000000000 0 0    
    Computer Equipment 2005-08-18 5,116 5,116 SL 5.000000000000 0 0    
    Computer Equipment 2005-11-17 2,563 2,563 SL 5.000000000000 0 0    
    Computer Equipment 2006-06-30 3,820 3,820 SL 5.000000000000 0 0    
    Computer Equipment 2007-06-30 6,460 6,460 SL 5.000000000000 0 0    
    Computer & Printer 2008-05-30 5,566 2,783 SL 3.000000000000 0 0    
    File Cabinet 2009-11-19 1,986 1,986 SL 7.000000000000 0 0    
    Apple laptop 2010-07-20 4,224 4,224 SL 3.000000000000 0 0    
    Ipad MSL 2010-07-13 975 975 SL 3.000000000000 0 0    
    IPad PWF 2010-12-19 1,202 1,202 SL 3.000000000000 0 0    
    Computer MSL 2011-04-12 3,608 3,608 SL 5.000000000000 0 0    
    Computer 2015-02-06 1,755 1,576 SL 5.000000000000 179 29    
    Truck 2015-06-30 32,815   NC 0 % 0 0    
    Automobile 2017-01-01 70,248   NC 0 % 0 0    
    Phone 2018-12-31 598 120 SL 5.000000000000 120 120    
    Radioactive Detection Meter 2018-12-31 726 145 SL 5.000000000000 145 145    
    Printer 2018-12-31 253 51 SL 5.000000000000 51 51    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Azby Fund
    EIN:
    72-6049781
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Amazon.com 63,759 146,562
    American Airlines 18,121 19,429
    American Express Company 137,487 193,456
    Amgen Incorporated 64,990 267,397
    AT&T 9,995 9,261
    Apple 17,941 38,215
    Autozone Inc 32,692 68,756
    Baker Hughes 47,221 16,451
    Bank of America Corp 90,324 148,519
    BHP Group Ltd 165,737 125,322
    Boeing corp 71,138 38,959
    Cameco Corp 25,042 10,506
    Canopy Growth Corp 36,895 54,085
    Carrier Global Corp 6,173 10,260
    Chevron Corporation 9,917 10,050
    Cisco Systems Inc 9,995 8,682
    Clorox Company 39,960 83,191
    ConocoPhillips 38,533 37,031
    EOG Resources Inc 24,932 30,421
    Ericsson 9,998 13,014
    Exxon Mobil 289,324 218,961
    Facebook Inc 15,073 23,492
    First NBC Bk Hldg Co 21,165 242
    Freeport McMoRan Inc 91,311 113,109
    General Dynamics Co 33,045 28,276
    Genuine Parts Co 76,753 160,387
    Gilead Sciences Inc 127,842 145,126
    GlaxoSmithKline 50,017 48,392
    Greenbrier Co 28,970 21,828
    Home Depot 50,049 62,421
    JP Morgan Chase & Co 219,085 332,034
    Kinder Morgan Inc 75,021 47,640
    L Oreal 97,734 379,719
    L3Harris Technologies 85,880 97,534
    Lilly Eli & Co 112,762 506,520
    Linde PLC 163,450 263,510
    Lockheed Martin 32,837 38,693
    Lowes Companies Inc 50,014 70,624
    Marathon Pete Corp 24,872 41,732
    Marriott Intl Inc 71,043 110,813
    McDonalds Corp 17,864 23,175
    Merck & Co 48,796 106,340
    Nestle SA or 105,960 666,930
    Nikola Corp; 22,710 5,112
    Nokia Corp 9,993 6,397
    Northrop Grumman Co 32,861 35,652
    NTLN Oil Well Var 9,986 4,668
    Nutrien Ltd 49,079 26,006
    O Reilly Automotive 25,022 63,360
    Otis Worldwide Corp 8,634 9,187
    Pepsico Incorporated 75,552 174,846
    Petroleo Brasiliero 204,336 52,669
    Phillips 66 11,451 32,382
    Qualcomm Inc 9,998 28,640
    Raytheon Com 203,730 570,364
    Roche Holdings 95,071 339,000
    S. LA Canal & Navigation 3,091 3,091
    Schlumberger 61,888 54,575
    Schwab International Equity ETF 449,984 462,837
    Sirius XM Radio 30,730 29,302
    Sonoco Products Co 5,135 5,925
    Southwest Airlines 70,959 92,801
    Square Inc 17,970 66,163
    Suncor Energy Inc 125,265 30,053
    Textron Inc 33,024 29,336
    Toshiba Corp 122,392 55,700
    Total S E 75,304 62,949
    United Health GRP Inc 17,902 25,950
    Vaneck Vestors Oil Svcs 106,228 58,674
    Verizon Communications 478,204 746,125
    Vestas Wind 51,384 937,400
    Virgin Galatic Hldgs Inc 20,000 20,052
    Walt Disney Co 114,001 185,891
    Williams Companies 284,616 179,508
    Ark Innovation ETF 91 124
    Energy Select Sector ETF 49,846 57,684
    Invesco QQQ Trust 317,378 410,686
    Ishares Russell 2000 917,750 1,108,719
    SPDR S & P Biotech ETF 25,057 35,617
    SPDR S & P Midcap 400 ETF 917,940 1,045,601
    SPDR S & P 500 ETF 1,452,648 1,803,223
    Brown Capital Mgmt Small Co 107,844 116,202

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Azby Fund
    EIN:
    72-6049781
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Enterprise Products LP FMV 21,465 33,910
    Harvey Canal Partnership AT COST 264,407 264,407
    Rigolets Partnership AT COST 10,773 10,773

    TY 2020 LandEtcSchedule2
    Name:
    The Azby Fund
    EIN:
    72-6049781
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture & Fixtures 35,072 35,072 0 0
    Furniture & Fixtures 2,564 2,564 0 0
    Furniture & Fixtures 4,873 4,873 0 0
    Furniture & Fixtures 826 826 0 0
    Equipment 5,839 5,839 0 0
    Office Equipment 1,324 1,324 0 0
    Furniture & Fixtures 41,860 41,860 0 0
    Leasehold Improvements 11,634 11,634 0 0
    File Cabinet 1,986 1,986 0 0
    IPad PWF 1,202 1,202 0 0
    Computer 1,755 1,755 0 0
    Truck 32,815 0 32,815 32,815
    Phone 598 240 358 358
    Radioactive Detection Meter 726 290 436 436
    Printer 253 102 151 151


    TY 2020 LegalFeesSchedule
    Name:
    The Azby Fund
    EIN:
    72-6049781
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Taggart Morton 78,790 78,790   0


    TY 2020 OtherAssetsSchedule
    Name:
    The Azby Fund
    EIN:
    72-6049781
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Artworks 3,628 3,628 3,628
    Deposits 1,892 1,892 1,892
    Minerals     800,000
    Exccise Tax Deposit   23,711 23,711


    TY 2020 OtherExpensesSchedule
    Name:
    The Azby Fund
    EIN:
    72-6049781
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Automotive Expense 3,228 2,292   936
    Dues & Subscriptions 3,112 500   2,612
    Insurance 15,386 15,386   0
    Miscellaeous Expense 188 188   0
    Promotion & Entertainment 1,064 532   0
    Bank Charges 600 600   0
    Postage 298 200   98
    Office Expense 6,427 5,927   500
    Real Estate Taxes 90,842 90,842   0
    Repairs and Maintenance 68,871 68,871   0
    St Tammany Expenses 13,391 13,391   0


    TY 2020 OtherIncomeSchedule2
    Name:
    The Azby Fund
    EIN:
    72-6049781
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Royalties 320,076 320,076 320,076
    Rigolets Limited Partnership 2,019 2,019 2,019
    Harvey Canal Limited Partnership 49,573 49,573 49,573
    Enterprise Partnership -3,243 -3,243 -3,243
    Lawsuit Settlement 285,989 285,989 285,989
    Deposit Forfeitures 20,000 20,000 20,000
    PPP Loan Forgiveness 76,300 0 76,300


    TY 2020 OtherLiabilitiesSchedule
    Name:
    The Azby Fund
    EIN:
    72-6049781
    Description Beginning of Year - Book Value End of Year - Book Value
    Deposits from others 26,836 74,350


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Azby Fund
    EIN:
    72-6049781
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management 35,000 35,000   0


    TY 2020 TaxesSchedule
    Name:
    The Azby Fund
    EIN:
    72-6049781
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Taxes on Foreign Dividends 12,941 12,941   0
    Payroll Taxes 29,456 21,000   8,456
    Excise Tax 11,156 0   0