Form990-PF
Click to see attachment

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
Adair Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)4722 Shadywood Ln
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Dallas, TX75209
A Employer identification number

46-1486106
B Telephone number (see instructions)

(214) 244-1470
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$85,173,152J 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 1,771 1,771  
4 Dividends and interest from securities... 112,376 112,376  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,385,598
b Gross sales price for all assets on line 6a 7,051,798
7 Capital gain net income (from Part IV, line 2)... 7,051,198
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 195,264 114,197  
12 Total. Add lines 1 through 11........ 5,695,009 7,279,542  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 94,197     94,197
15 Pension plans, employee benefits....... 7,413     7,413
16a Legal fees (attach schedule)......... Click to see attachment 3,971 3,938   33
b Accounting fees (attach schedule)....... Click to see attachment 7,200 3,600   3,600
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 106,652      
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,671    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 275     275
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 8,891     8,891
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 230,270 7,538   114,409
25 Contributions, gifts, grants paid....... 2,114,500 2,114,500
26 Total expenses and disbursements. Add lines 24 and 25 2,344,770 7,538   2,228,909
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,350,239
b Net investment income (if negative, enter -0-) 7,272,004
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,405,657 11,322,661 11,322,661
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 8,000,444    
b Investments—corporate stock (attach schedule)....... 30,825,625 Click to see attachment29,159,425 68,715,000
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment4,994,271 5,018,824
14 Land, buildings, and equipment: basis bullet8,352
Less: accumulated depreciation (attach schedule) bullet4,890 5,133 Click to see attachment3,462 3,462
15 Other assets (describe bullet) Click to see attachment5,617 Click to see attachment113,205 Click to see attachment113,205
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,242,476 45,593,024 85,173,152
Liabilities 17 Accounts payable and accrued expenses..........   309
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   309
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 42,242,476 45,592,715
29 Total net assets or fund balances (see instructions)..... 42,242,476 45,592,715
30 Total liabilities and net assets/fund balances (see instructions). 42,242,476 45,593,024
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
42,242,476
2
Enter amount from Part I, line 27a .....................
2
3,350,239
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
45,592,715
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
45,592,715
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a publicly traded securities D 2001-01-01 2020-10-12
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 7,051,798   600 7,051,198
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       7,051,198
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 7,051,198
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................................ 1 101,081
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 101,081
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 101,081
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 105,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 105,000
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,919
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet3,919 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletTX
    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
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullettheadairfoundation.org
    14
    The books are in care ofbulletTammi Adair Telephone no.bullet (916) 504-4950

    Located atbullet4722 Shadywood LnDallasTX ZIP+4bullet75209
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Tammi L Adair Pres/Director
    10.00     		0    
    4722 Shadywood Ln
    Dallas,TX75209
    A Jayson Adair VP/Director
    2.00     		0    
    4722 Shadywood Ln
    Dallas,TX75209
    Garrett Adair Director
    2.00     		0    
    4722 Shadywood Ln
    Dallas,TX75209
    Jacquilyne A Keene Sec./Director
    2.00     		0    
    4722 Shadywood Ln
    Dallas,TX75209
    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
    Kristen O Sylvester Executive Dir.
    30.00     		81,200    
    4722 Shadywood Ln
    Dallas,TX75209
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    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  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    61,764,645
    b
    Average of monthly cash balances.......................
    1b
    4,490,173
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,336,916
    d
    Total (add lines 1a, b, and c).........................
    1d
    68,591,734
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    68,591,734
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,028,876
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    67,562,858
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,378,143
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,378,143
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    101,081
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    101,081
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,277,062
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,277,062
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,277,062
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,228,909
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    2,228,909
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,228,909
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 3,277,062
    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...... 180,038
    b From 2016...... 53,648
    c From 2017...... 15,698
    d From 2018...... 352,390
    e From 2019...... 186,615
    fTotal of lines 3a through e........ 788,389
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,228,909
    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..... 2,228,909
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020. 788,389 788,389
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		259,764
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    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).)
    Tammi L Adair
    A Jayson Adair
    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
    Date Palm Consulting
    7210 Virginia Parkway Unit 6736
    McKinney,TX75071     		N/A PC Funding for mission trips in 2019/2020 5,000
    Council for Life
    4516 Lovers Lane PMB 103
    Dallas,TX75225     		N/A PC Funding to directly benefit the 2020 luncheon beneficiary organizations 50,000
    Prison Fellowship Ministries
    44180 Riverside Parkway
    Landsdowne,VA20176     		N/A PC General operating expenses 20,000
    SIL International
    7500 W Camp Wisdom Road
    Dallas,TX75236     		N/A PC Funding for the purchase of professional resources for translation resource developers & translation consultants 49,500
    Daughters of our Living Lord Savior
    2001 W Plano Parkway Suite 1205
    Plano,TX75075     		N/A PC Funding for a "Theological Library" for DOLLS women to read, study, and learn Scripture 3,000
    Exodus Ministries
    4630 Munger Avenue 110
    Dallas,TX75204     		N/A PC Funding for the partial salary of a case manager and social worker who is a LMSW 15,000
    Solano Alpha Crisis Pregnancy Cente
    138 S Orchard Avenue
    Vacaville,CA95688     		N/A PC Designated to the Diedre Eckle Legacy Fund 25,000
    Wycliffe Bible Translators Internat
    P O Box 628200
    Orlando,FL32862     		N/A PC Preference for the ministry of Majeedah Murad 5,000
    Date Palm Consulting
    7210 Virginia Parkway Unit 6736
    McKinney,TX75071     		N/A PC 2020 Scripture recitation mission trip expenses 15,000
    Samaritans Purse
    P O Box 3000
    Boone,NC28607     		N/A PF Funding for COVID-19 efforts in Italy & New York City 60,000
    The Leaven
    2220 Boynton Avenue Suite A
    Fairfield,CA94533     		N/A PC Funding for 7 Fairfield Learning Centers 14,000
    Operation Blessing International
    2220 Boynton Avenue Suite A
    Fairfield,CA94533     		N/A PC Funding for the Hunger Strike Force Program in Grand Prairie 40,000
    Exodus Ministries
    4630 Munder Avenue 10
    Dallas,TX75204     		N/A PC COVID-19 emergency relief funding 5,000
    Forgiven Felons
    1126 Cedar Ridge Circle
    Desoto,TX75115     		N/A PC COVID-19 emergency relief funding 2,500
    Chase's Place
    620 N Coit Road Suite 2176
    Richardson,TX75080     		N/A PC COVID-19 emergency relief funding 2,500
    Baylor Health Care System Foundatio
    3600 Gaston Ave Suite 100
    Dallas,TX75246     		N/A PC Funding for the Chaplaincy Departmenet 50,000
    Interfaith Family Services
    5600 Ross Avenue
    Dallas,TX75206     		N/A PC COVID-19 emergency relief funding 5,000
    Momentous Institute
    106 E Tenth Street
    Dallas,TX75203     		N/A SO I COVID-19 emergency relief funding 5,000
    Buckner Children Family Services
    700 N Pearl Street Suite 1200
    Dallas,TX75201     		N/A PC COVID-19 emergency relief funding 20,000
    UGM Dallas
    3211 Irving Blvd
    Dallas,TX75247     		N/A PC COVID-19 emergency relief funding 30,000
    Voice of Hope Ministries
    P O Box 224845
    Dallas,TX75222     		N/A PC COVID-19 emergency relief funding 2,500
    We Are One Heart Foundation
    11450 US Hwy 380 Suite 130 174
    Aubrey,TX76227     		N/A PC COVID-19 emergency relief funding 2,500
    American Bible Society
    101 N Independence Mall East FL 8
    Philadelphia,PA19106     		N/A PC Distribution of "Beyond Disaster" books to people in Wuhan 30,000
    Crossroads Community Services
    4500 S Cockrell Hill Road
    Dallas,TX75236     		N/A PC COVID-19 emergency relief funding 10,000
    Christian Community Action
    200 S Mill Street
    Lewisville,TX75057     		N/A PC COVID-19 emergency relief funding 10,000
    National Christian Foundation
    8214 Westchester Drive Suite 950
    Dallas,TX75225     		N/A PC Funding for the Adair Foundation Fund 190,000
    Healing Hand Ministries
    8515 Greenville Avenue Suite N112
    Dallas,TX75243     		N/A PC COVID-19 emergency relief funding 15,000
    Hope International
    227 Granite Run Dr Suite 250
    Lancaster,PA17601     		N/A PC COVID-19 emergency relief funding 25,000
    Scripture Union
    P O Box 215
    Valley Forge,PA19481     		N/A PC Children's Outreach Programming in New York City 10,400
    Wycliffe Bible Translators
    P O Box 628200
    Orlando,FL32862     		N/A PC Support for ministries 20,000
    World Vision
    P O Box 9716
    Federal Way,WA98063     		N/A PC COVID-19 Response Fund 50,000
    Kids Around the World
    4750 Hydraulic Road
    Rockford,IL61109     		N/A PC Funding to ship 3 containers of food to the Phillipines, Uganda and South Africa for food shortages due to COVID-19 25,000
    St Jude Children's Research Hospita
    501 St Jude Place
    Memphis,TN38105     		N/A PC COVID-19 Response Fund 10,000
    American Cancer Society
    2350 Oakmont Way Suite 200
    Eugene,OR97401     		N/A PC Relay for Life at University of Oregon 500
    God's Love We Deliver
    166 Avenue of the Americas
    New York,NY10013     		N/A PC COVID-19 Response Fund 2,500
    CURE International
    17011 Hickory Street
    Spring Lake,MI49456     		N/A PC Funding for CURE Zambia's general operations, as well as furnishing and equipping the newly completed patient hostel 100,000
    Nomi Network
    P O Box 42
    New York,NY10156     		N/A PC Funding for the COVID-19 Prevention Program as well as building out the digitization of the existing Workforce Development Program for 2020-2021 40,000
    International Justice Mission
    P O Box 96961
    Washington,DC20090     		N/A PC Funding for IJM's Uganda efforts, including rescuing women and children from abuse and violence, aftercare for survivors, bringing abusers to justice, and creating systemic changes 150,000
    Samaritan's Purse
    P O Box 3000
    Boone,NC28607     		N/A PC Funding for emergency relief effors in Lebanon 25,000
    Hire Heroes
    1360 Union Hill Rd Bldg 2 Ste A
    Alpharette,GA30004     		N/A PC Funding for employment services for the veteran, service member, and military spouse communities 35,000
    Seed Company
    220 Westway Place Suite 100
    Arlington,TX76018     		N/A PC Funding for phase 2 of the Ruruuli-Runyala translation project including translating and publishing 14 New Testament books and producing 3 Scripture engagement tools 40,000
    Solano Alpha Pregnancy Center
    138 S Orchard Avenue
    Vacaville,CA95688     		N/A PC Funding for general operating expenses 25,000
    Mobilize Love
    P O Box 16103
    San Francisco,CA94116     		N/A PC Funding for general operating expenses 25,000
    CARE Dallas
    8100 Lomo Alto Suite 219
    Dallas,TX75225     		N/A PC Funding for general operating expenses 5,000
    Samaritan's Purse
    P O Box 3000
    Boone,NC28607     		N/A PC Funding for 12 couples to participate in "Operation Heal Our Patriots" in 2021 75,000
    Baylor Health Care System Foundatio
    3600 Gaston Ave Suite 100
    Dallas,TX75246     		N/A PC Funding for "Celebrating Women" 2020 50,000
    IF Gathering
    P O Box 515782
    Dallas,TX75251     		N/A PC Funding to equip women to create Christ centered communities and learn how to disciple other women 5,000
    Show Hope
    P O Box 647
    Franklin,TN37065     		N/A PC Funding for "Medical Aid Grants" to help offset the costs for adoptive families 30,000
    Bible Project
    1302 SE Ankeny Street
    Portland,OR97214     		N/A PC Funding for the production of Bible related videos for the Bible Project website 10,000
    Wesley Rankin Community Center
    3100 Crossman Avenue
    Dallas,TX75212     		N/A PC Funding for general operating expenses for the afterschool program 5,000
    UGM Dallas
    3211 Irving Blvd
    Dallas,TX75247     		N/A PC Funding for the "Center of Hope" 3,000
    Thrive Women's Clinic
    6500 Greenville Ave Suite 600
    Dallas,TX75206     		N/A PC Funding for general operating expenses for the pregnancy center 2,000
    Hope International
    227 Granite Run Dr Suite 250
    Lancaster,PA17601     		N/A PC Funding to support Urwego Bank, HOPE's microfinance institution in Rwanda 100,000
    Bibles for Children
    1056 State Hwy 41
    Afton,NY13730     		N/A PC Funding for Bibles for children to be distributed around the United States 500
    The Human Trafficking Institute
    2701 Prosperity Avenue Suite 405
    Fairfax,VA22031     		N/A PC Funding to equip HTI with the Justice System Data Collection process, aiding and advancing their anti-trafficking work in Uganda 100,000
    City on a Hill Community Church
    P O Box 65
    Fate,TX75132     		N/A PC Funding for general operating expenses 5,000
    Preston Trail Community Church
    8055 Independence Parkway
    Frisco,TX75035     		N/A PC Funding for general operating expenses 5,000
    Open Doors USA
    P O Box 27001
    Santa Ana,CA92799     		N/A PC Funding to support the persecuted church work in China 40,000
    Buckner Children and Family Service
    700 N Pearl Street Suite 1200
    Dallas,TX75201     		N/A PC Funding for the "Foster Care Counseling Program" 20,000
    American Bible Society
    101 N Independence Mall East Fl 8
    Phildelphia,PA19106     		N/A PC Funding for the Sapiiny translation of Ester, Daniel and OT literary resources 10,500
    Hope Farm
    865 E Ramsey Avenue
    Fort Worth,TX76104     		N/A PC Funding for the "Leadership Development Program" 30,000
    Saddleback Church
    1 Saddleback Parkway
    Lake Forest,CA92630     		N/A PC Funding for "Daily Hope Radio" 10,000
    Council for Life
    4516 Lovers Lane PMB 103
    Dallas,TX75225     		N/A PC Funding for the 2020 Celebrating Life luncheon beneficiaries 75,000
    Hope Smiles
    101 Creekside Crossing Ste 1700-301
    Brentwood,TN37027     		N/A PC Funding for the delivery and installation of 3 dental operatories for use in the clinic and one portable x-ray system to be used by the mobile outreach team 25,000
    Show Hope
    P O Box 647
    Franklin,TN37065     		N/A PC Funding for "Adoption Aid Grants" 35,000
    Sons of the Flag
    12700 Park Central Drive Suite 304
    Dallas,TX75251     		N/A PC Funding for the "Mission Reconstruct Freedom" 10,000
    Thrive Women's Clinic
    6500 Greenville Avenue Suite 600
    Dallas,TX75206     		N/A PC Funding to support the salary of "Director of Clinical Services" 10,000
    Living Water International
    4001 Greenbriar Drive 200
    Stafford,TX77477     		N/A PC Funding for the drilling of 3 new wells in Ugandan communities 50,000
    Date Palm Consulting
    7210 Virginia Parkway
    McKinney,TX75071     		N/A PC Funding for general operating expenses 3,000
    Children's Medical Center Foundatio
    2777 N Stemmons Freeway Ste 1700
    Dallas,TX75207     		N/A PC Funding for the purchase of new iPads and game carts to serve pediatric patients 3,100
    Dreams Come True of Jacksonville
    6803 Southpoint Parkway
    Jacksonville,FL32216     		N/A PC Funding for the wishes of terminally ill children and their families 10,000
    Marketplace Chaplains
    2001 W Plano Parkway Suite 3200
    Plano,TX75075     		N/A PC Funding for general operating expenses 5,000
    National Christian Foundation
    8214 Westchester Drive Suite 950
    Dallas,TX75225     		N/A PC Funding for "Mission Increase North Texas" 5,000
    Dallas Mission for Life
    P O Box 130116
    Dallas,TX75313     		N/A PC Funding to feed homeless residents over the holidays 10,000
    I Am Second
    2001 W Plano Parkway Suite 2600
    Plano,TX75075     		N/A PC Funding for general operating expenses 2,500
    National Christian Foundation
    8214 Westchester Drive Suite 950
    Dallas,TX75225     		N/A PC Funding for the "Andre Morgan Legacy Fund" 100,000
    Total .................................bullet 3a 2,114,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,771  
    4 Dividends and interest from securities....     14 112,376  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 5,385,598  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOther income     		    14 288  
    bRevere Credit Opp Fund III LP 900099 81,067 14 113,909  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 81,067 5,613,942  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,695,009
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    Adair Family Foundation
    EIN:
    46-1486106
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting and tax preparation 7,200 3,600 0 3,600

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

    TY 2020 DepreciationSchedule
    Name:
    Adair Family Foundation
    EIN:
    46-1486106
    Software ID:
    20011551
    Software Version:
    2020v4.0
    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
    Apple 13.3 8GB laptop 2017-03-05 1,968 1,132 SL 20.00 % 394      
    MB Air Apple laptop 2017-10-22 1,374 584 SL 20.00 % 275      
    Apple IMAC 27" 2018-01-12 5,009 1,503 SL 20.00 % 1,002      

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Adair Family Foundation
    EIN:
    46-1486106
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    540,000 shs Copart Inc. common 29,159,425 68,715,000

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Adair Family Foundation
    EIN:
    46-1486106
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Revere Credit Opportunities Fund III LP AT COST 4,994,271 5,018,824

    TY 2020 LandEtcSchedule2
    Name:
    Adair Family Foundation
    EIN:
    46-1486106
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Machinery and Equipment 8,352 4,890 3,462 3,462


    TY 2020 LegalFeesSchedule
    Name:
    Adair Family Foundation
    EIN:
    46-1486106
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal services 3,971 3,938 0 33


    TY 2020 OtherAssetsSchedule
    Name:
    Adair Family Foundation
    EIN:
    46-1486106
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Investment distributions receviable   113,205 113,205


    TY 2020 OtherExpensesSchedule
    Name:
    Adair Family Foundation
    EIN:
    46-1486106
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Internet and website expenses 1,440     1,440
    Meals and entertainment 73     73
    Miscellaneous 1,423     1,423
    Payroll processing fees 1,303     1,303
    Postage and delivery 442     442
    Subscriptions 1,311     1,311
    Supplies 2,899     2,899


    TY 2020 OtherIncomeSchedule2
    Name:
    Adair Family Foundation
    EIN:
    46-1486106
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other income 288 288  
    Revere Credit Opp Fund III LP 194,976 113,909  


    TY 2020 TaxesSchedule
    Name:
    Adair Family Foundation
    EIN:
    46-1486106
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise tax paid 106,652