TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 05-01-2020 , and ending 04-30-2021

Name of foundation
LORETTA H MCKNIGHT CHARITABLE TRUST
4655000141

Number and street (or P.O. box number if mail is not delivered to street address)2813 OLD DAWSON ROAD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ALBANY, GA31707

A Employer identification number

58-6222875

B Telephone number (see instructions)

(229) 500-5670

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$4,665,968J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	99,760		99,760
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		163,152
b	Gross sales price for all assets on line 6a 1,516,652
7	Capital gain net income (from Part IV, line 2)...			163,152
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	262,912		262,912
13	Compensation of officers, directors, trustees, etc.	40,158		40,158	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,430	0	2,430
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		5,132	506	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		1,469	1,469	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	49,189		42,133	2,430
25	Contributions, gifts, grants paid.......	197,916			197,916
26	Total expenses and disbursements. Add lines 24 and 25	247,105		42,133	200,346
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	15,807
b	Net investment income (if negative, enter -0-)			220,779
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	18,748	29,516	29,516
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	699,737	685,892	712,007
	b	Investments—corporate stock (attach schedule).......	829,388	1,005,765	1,613,585
	c	Investments—corporate bonds (attach schedule).......	926,112	922,818	974,397
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,208,117	1,053,198	1,336,463
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,682,102	3,697,189	4,665,968
	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 )	2,877	2,157
	23	Total liabilities (add lines 17 through 22).........	2,877	2,157
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	4,492,179	4,492,179
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	-812,954	-797,147
	29	Total net assets or fund balances (see instructions).....	3,679,225	3,695,032
	30	Total liabilities and net assets/fund balances (see instructions).	3,682,102	3,697,189

Part III

Analysis of Changes in Net Assets or Fund Balances

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

3,679,225

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

15,807

Other increases not included in line 2 (itemize) bullet

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

3,695,032

Decreases not included in line 2 (itemize) bullet

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

3,695,032

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
1 a	PUBLICLY TRADED SECURITIES
b	PUBLICLY TRADED SECURITIES
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	301,170	300,806	364
b	1,167,564	1,052,694	114,870
c	47,918		47,918
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			364
b			114,870
c			47,918
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	163,152
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

1 Reserved

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

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

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

Form 990-PF (2020)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	3,069
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	3,069
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	3,069
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	2,960
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	2,960
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	109
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

REGIONS BANK TRUST DEPARTMENT Telephone no. bullet

(229) 438-2450

Located at bullet

2813 OLD DAWSON ROADALBANYGA ZIP+4 bullet

31707

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
REGIONS BANK TRUST DEPARTMENT	TRUST COMMITTEE 2.50	40,158
2813 OLD DAWSON ROAD ALBANY,GA31707	TRUST COMMITTEE 2.50	40,158
EMILY JEAN MCAFEE	TRUSTEE 0.00	0
1205 PINECREST DRIVE ALBANY,GA31707	TRUSTEE 0.00	0
GAYLE CHAPMAN	TRUSTEE 0.00	0
1104 PINECREST DRIVE ALBANY,GA31707	TRUSTEE 0.00	0

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


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)

Page 8

Part X

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

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

purposes:

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

4,469,815

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

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

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

4,469,815

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

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

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

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

4,469,815

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

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

67,047

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

4,402,768

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

220,138

Part XI

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

and do not complete this part.)

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

220,138

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

3,069

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

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

3,069

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

217,069

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

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

217,069

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

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

217,069

Part XII

Qualifying Distributions (see instructions)

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

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

200,346

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

200,346

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

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

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

200,346

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

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7				217,069
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			197,916
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: $ 200,346
a Applied to 2019, but not more than line 2a			197,916
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.....				2,430
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 ..........				214,639
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)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

G EDMUND NOBLES REGIONS BANK TRUST
2813 OLD DAWSON ROAD
ALBANY,GA31707
(229) 438-2450

bThe form in which applications should be submitted and information and materials they should include:

NO SPECIAL FORM

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALBANY ARC PO BOX 71026 ALBANY,GA317080065	NONE	PC	PUBLIC CHARITY - OPERATING BUDGET	1,000
ALBANY AREA ARTS COUNCIL 215 N JACKSON STREET ALBANY,GA31701	NONE	PC	CULTURAL-OPERATING BUDGET	1,000
ALBANY CHORALE PO BOX 70942 ALBANY,GA317080065		PC	PUBLIC CHARITY - OPERATING BUDGET	2,000
ALBANY RESCUE MISSION 604 N MONROE STREET ALBANY,GA31701	NONE	PC	PUBLIC CHARITY - OPERATING BUDGET	2,000
ALBANY SYMPHONY ASSOCIATION PO BOX 70065 ALBANY,GA317080065	NONE	PC	CULTURAL-OPERATING BUDGET	1,500
ALZHEIMERS OUTREACH CENTER 314 N JEFFERSON STREE ALBANY,GA317012556	NONE	PC	PUBLIC CHARITY - OPERATING BUDGET	2,000
ANDREW COLLEGE 413 COLLEGE STREET CUTHBERT,GA317401395	NONE	NC	EDUCATION - OPERATING BUDGET	25,000
BOYS AND GIRLS CLUB OF ALBANY PO BOX 1130 ALBANY,GA31707	NONE	PC	YOUTH-OPERATING BUDGET	10,000
COMMUNITY FOUNDATION OF SOUTH GEORGIA 114 W JACKSON STREET THOMASVILLE,GA31792	NONE	PC	PUBLIC CHARITY - OPERATING BUDGET	2,000
DARTON COLLEGE 2404 GILLIONVILLE RD ALBANY,GA31707	NONE	NC	EDUCATION - OPERATING BUDGET	3,000
FAMILY LITERACY CONNECTION 722 CORN AVE ALBANY,GA31701	NONE	PC	PUBLIC CHARITY - OPERATING BUDGET	1,500
FELLOWSHIP OF CHRISTIAN ATHLETES 2100 RIVEREDGE PKWAY ATLANTA,GA30328	NONE	PC	PUBLIC CHARITY - OPERATING BUDGET	250
FISHCAMP PO BOX 1787 ALBANY,GA31702	NONE	PC	YOUTH - OPERATING BUDGET	1,500
FLINT RIVER PARTNERS RIVERQUARIUM 117 PINE AVENUE ALBANY,GA31701	NONE	NC	EDUCATION - OPERATING BUDGET	93,416
GRACEWAY RECOVERY RESIDENCE 412 W TIFT AVENUE ALBANY,GA31701	NONE	PC	CHARITABLE ORG.-OPERATING BUDGET	2,500
HELPING HANDS ENDING HUNGER 2014 S LONG HOLLOW ROAD TRION,GA30753	NONE	PC	PUBLIC CHARITY - OPERATING BUDGET	2,000
LIBERTY HOUSE PO BOX 273 ALBANY,GA31702	NONE	PC	PUBLIC CHARITY - OPERATING BUDGET	2,000
PORTERFIELD UNITED METHODIST CHURCH 2200 DAWSON RD ALBANY,GA317073299	NONE	NC	RELIGIOUS-OPERATING BUDGET	1,000
SALVATION ARMY PO BOX 1436 ALBANY,GA31702	NONE	PC	PUBLIC CHARITY - OPERATING BUDGET	4,000
SOWEGA COUNCIL ON AGING 1105 PALMYRA ROAD ALBANY,GA31701	NONE	PC	CHARITABLE ORG.-OPERATING BUDGET	2,000
THE ANCHORAGE INC 162 HAMPTON LANE LEESBURG,GA31763	NONE	PC	CHARITABLE ORG.-OPERATING BUDGET	3,000
THEATRE ALBANY 514 PINE AVE ALBANY,GA31701	NONE	PC	CULTURAL - OPERATING BUDGET	2,500
THRONATEESKA HERITAGE FOUNDATION 100 ROOSEVELT AVE ALBANY,GA31701	NONE	PC	CULTURAL-OPERATING BUDGET	30,000
YMCA OF ALBANY 1701 GILLIONVILLE RD ALBANY,GA31707	NONE	PC	YOUTH AND ADULTS - OPERATING BUDGET	2,500
YOUNG LIFE OF ALBANY 2124 W EDGEWATER DR ALBANY,GA31707	NONE	PC	YOUTH - OPERATING BUDGET	250
Total ................................. 3a				197,916

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	99,760
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	163,152
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		262,912	0

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

262,912

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2020)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

LORETTA H MCKNIGHT CHARITABLE TRUST

4655000141

EIN:

58-6222875

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	2,430	0		2,430

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

LORETTA H MCKNIGHT CHARITABLE TRUST

4655000141

EIN:

58-6222875

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AIR LEASE CORP 3.75% 01 JUN 2026	15,525	17,313
AMGEN INC 2.25% 19 AUG 2023	16,969	17,660
ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.9% 23 JAN 2031	14,020	16,857
APPLE INC 2.1% 12 SEP 2022	16,873	17,415
AT&T INC 4.5% 15 MAY 2035	14,596	16,995
BANK OF AMERICA CORP 6.11% 29 JAN 2037	11,251	16,103
BANK OF AMERICA CORP VARIABLE 3.559% 23 APR 2027	16,039	17,540
BANK OF NEW YORK MELLON CORP/THE .75% 28 JAN 2026	17,962	17,799
BANK OF NOVA SCOTIA/THE 1.05% 02 MAR 2026	16,967	16,822
BANK OF NOVA SCOTIA/THE 2.2% 03 FEB 2025	16,961	17,756
BERKSHIRE HATHAWAY FINANCE CORP 4.25% 15 JAN 2049	15,553	15,439
BLACKROCK INC 1.9% 28 JAN 2031	17,956	17,602
BP CAPITAL MARKETS AMERICA INC 3.796% 21 SEP 2025	16,034	17,741
CAPITAL ONE FINANCIAL CORP 3.65% 11 MAY 2027	15,983	17,703
CHARLES SCHWAB CORP/THE .9% 11 MAR 2026	17,987	17,799
CITIGROUP INC VARIABLE .776% 30 OCT 2024	25,003	25,028
CITRIX SYSTEMS INC 1.25% 01 MAR 2026	17,028	16,851
COMCAST CORP 3.75% 01 APR 2040	17,930	17,644
DUKE ENERGY CORP 2.4% 15 AUG 2022	16,655	17,395
DUPONT DE NEMOURS INC 4.205% 15 NOV 2023	17,120	18,435
EQUINOR ASA 3.7% 01 MAR 2024	16,135	17,370
EXXON MOBIL CORP 2.44% 16 AUG 2029	16,026	16,391
FEDERAL HOME LOAN MORTGAGE CORP 6.25% 15 JUL 2032	45,103	47,777
FIDELITY NATIONAL INFORMATION SERVICES INC 1.65% 01 MAR 2028	17,745	17,659
GILEAD SCIENCES INC 3.65% 01 MAR 2026	15,961	17,654
GOLDMAN SACHS GROUP INC/THE VARIABLE 2.905% 24 JUL 2023	17,814	18,530
HP INC 3.4% 17 JUN 2030	15,973	17,068
HSBC HOLDINGS PLC VARIABLE 3.973% 22 MAY 2030	16,045	17,511
INTERNATIONAL BUSINESS MACHINES CORP 3.45% 19 FEB 2026	15,998	17,622
INTERNATIONAL BUSINESS MACHINES CORP 3.5% 15 MAY 2029	14,965	16,483
JPMORGAN CHASE & CO VARIABLE 3.782% 01 FEB 2028	31,542	34,398
KROGER CO/THE 2.65% 15 OCT 2026	16,880	18,043
LLOYDS BANKING GROUP PLC SNR PIDI NTS 4.375% 22 MAR 2028	14,995	16,999
LOWE'S COS INC 3.65% 05 APR 2029	15,922	16,573
MITSUBISHI UFJ FINANCIAL GROUP INC VARIABLE .848% 15 SEP 2024	18,014	18,047
MOLSON COORS BEVERAGE CO 5% 01 MAY 2042	15,069	17,650
MORGAN STANLEY 2.75% 19 MAY 2022	17,067	17,438
MORGAN STANLEY 3.7% 23 OCT 2024	16,023	17,498
ORACLE CORP 2.625% 15 FEB 2023	17,002	17,635
PROCTER & GAMBLE CO/THE 3% 25 MAR 2030	15,247	16,274
ROYAL BANK OF CANADA .875% 20 JAN 2026	35,991	35,482
SHELL INTERNATIONAL FINANCE BV 2.375% 07 NOV 2029	16,763	17,331
SOUTHERN CO 3.70% 30 APR 2030	15,010	16,366
SYSCO CORP 3.3% 15 FEB 2050	15,316	16,422
TD AMERITRADE HOLDING CORP 3.75% 01 APR 2024	16,036	17,421
TOYOTA MOTOR CREDIT CORP .8% 09 JAN 2026	17,984	17,817
TOYOTA MOTOR CREDIT CORP 3.4% 15 SEP 2021	17,985	18,206
TRUIST FINANCIAL CORP 1.267% 02 MAR 2027	17,000	16,915
TRUIST FINANCIAL CORP 2.7% 27 JAN 2022	17,987	18,285
VALERO ENERGY CORP 3.4% 15 SEP 2026	15,816	17,137
VERIZON COMMUNICATIONS INC .85% 20 NOV 2025	16,998	16,766
WALMART INC 3.55% 26 JUN 2025	15,994	17,732

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

LORETTA H MCKNIGHT CHARITABLE TRUST

4655000141

EIN:

58-6222875

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ALPHABET INC	13,610	47,070
AMAZON.COM INC	22,711	76,283
APPLE INC	23,083	102,407
BEST BUY CO INC	21,276	21,626
BLACKROCK INC	10,366	27,037
CHEVRON CORP	20,310	19,789
CHUBB LTD	17,922	26,425
CITIGROUP INC	13,300	16,456
COMCAST CORP	18,854	28,356
COSTCO WHOLESALE CORP	15,780	17,116
CVS HEALTH CORP	19,175	23,684
DOMINION RESOURCES INC/VA	19,009	18,936
EATON CORP PLC	12,873	32,588
ELI LILLY & CO	10,803	25,588
EXXON MOBIL CORP	23,836	18,889
FACEBOOK INC	24,976	37,384
FIFTH THIRD BANCORP	17,789	22,013
FISERV INC	21,800	20,781
GOLDMAN SACHS GROUP INC/THE	17,539	19,862
HARDING LOEVNER INTERNATIONAL EQUITY PORTFOLIO	155,633	158,115
HILTON WORLDWIDE HOLDINGS INC	17,659	20,206
HOME DEPOT INC/THE	13,692	30,425
HONEYWELL INTERNATIONAL INC	11,638	29,664
INTUIT INC	4,323	16,486
JPMORGAN CHASE & CO	7,286	31,223
LYONDELLBASELL INDUSTRIES NV	10,649	12,656
MASTERCARD INC	12,126	13,754
MCDONALD'S CORP	10,764	20,775
MERCK & CO INC	11,814	16,837
MICROSOFT CORP	42,007	105,411
MONDELEZ INTERNATIONAL INC	21,762	24,506
MSC INDUSTRIAL DIRECT CO INC	11,281	13,524
NEXTERA ENERGY INC	4,741	22,168
NVIDIA CORP	12,423	38,424
PACKAGING CORP OF AMERICA	21,701	22,886
PIONEER NATURAL RESOURCES CO	21,646	20,306
PPG INDUSTRIES INC	16,134	22,775
PROCTER & GAMBLE CO/THE	8,902	12,675
PRUDENTIAL FINANCIAL INC	4,478	10,437
QUALCOMM INC	14,748	28,315
RAYTHEON TECHNOLOGIES CORP	13,213	21,226
SALESFORCE.COM INC	9,730	15,892
SBA COMMUNICATIONS CORP	15,839	15,585
SYNCHRONY FINANCIAL	18,233	20,645
THERMO FISHER SCIENTIFIC INC	10,455	31,505
TJX COS INC/THE	21,376	22,081
TRUIST FINANCIAL CORP	10,288	19,098
UNITED PARCEL SERVICE INC	16,755	29,356
UNITEDHEALTH GROUP INC	18,661	24,726
VERIZON COMMUNICATIONS INC	14,160	21,209
VERTEX PHARMACEUTICALS INC	11,178	13,092
VISA INC	24,223	39,472
WALMART INC	15,208	23,645
WALT DISNEY CO/THE	10,919	14,510
ZOETIS INC	15,108	27,685

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

LORETTA H MCKNIGHT CHARITABLE TRUST

4655000141

EIN:

58-6222875

US Government Securities - End of Year Book Value:

685,892

US Government Securities - End of Year Fair Market Value:

712,007

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

LORETTA H MCKNIGHT CHARITABLE TRUST

4655000141

EIN:

58-6222875

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ARTISAN MID CAP FUND	AT COST	128,589	144,929
BARON EMERGING MARKETS FUND	AT COST	185,509	300,262
JOHCM INTERNATIONAL SELECT FUND/ACQUIRED	AT COST	133,173	207,423
NUANCE MID CAP VALUE FUND	AT COST	89,920	105,926
PGIM QMA SMALL-CAP VALUE FUND	AT COST	127,276	132,163
VICTORY RS SMALL CAP GROWTH FUND	AT COST	80,114	131,334
DOUBLELINE EMERGING MARKETS FIXED INCOME FUND	AT COST	61,394	62,441
PGIM HIGH YIELD FUND	AT COST	207,565	210,752
VANGUARD EMERGING MARKETS BOND FUND	AT COST	39,658	41,233

- TIN:

TY 2020 OtherExpensesSchedule

Name:

LORETTA H MCKNIGHT CHARITABLE TRUST

4655000141

EIN:

58-6222875

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT EXPENSES	1,469	1,469		0

- TIN:

TY 2020 OtherLiabilitiesSchedule

Name:

LORETTA H MCKNIGHT CHARITABLE TRUST

4655000141

EIN:

58-6222875

Description	Beginning of Year - Book Value	End of Year - Book Value
ACCRUED INTEREST	2,877	2,157

- TIN:

TY 2020 TaxesSchedule

Name:

LORETTA H MCKNIGHT CHARITABLE TRUST

4655000141

EIN:

58-6222875

Category	Amount	Net Investment Income
FOREIGN TAXES	506	506
FED EXCISE TAX ESTIMATES	2,960	0
FED EXCISE TAX	1,666	0