Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE SHANNON FOUNDATION INC
C/O MARY BETH GRENNER CPA LLC
Number and street (or P.O. box number if mail is not delivered to street address)104 COLONY PARK DRIVE 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CUMMING, GA30040
A Employer identification number

58-2309103
B Telephone number (see instructions)

(770) 886-0334
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$7,322,947J Accounting method:
MODIFIED CASH
(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) 8,697
2 Check bullet.............
3 Interest on savings and temporary cash investments 35,341 35,341  
4 Dividends and interest from securities... 85,636 85,636  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 131,213
b Gross sales price for all assets on line 6a 1,376,612
7 Capital gain net income (from Part IV, line 2)... 131,213
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........ 260,887 252,190  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 105,000 6,562   52,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 8,047 966   4,023
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,475     2,475
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,534 390    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 27,194 26,746   416
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 147,250 34,664   59,414
25 Contributions, gifts, grants paid....... 260,750 260,750
26 Total expenses and disbursements. Add lines 24 and 25 408,000 34,664   320,164
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -147,113
b Net investment income (if negative, enter -0-) 217,526
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.............   -7  
2 Savings and temporary cash investments......... 736,802 10,387 10,387
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,151,136 Click to see attachment4,257,503 5,796,845
c Investments—corporate bonds (attach schedule)....... 980,658 Click to see attachment1,451,650 1,515,715
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,868,596 5,719,533 7,322,947
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment4,389 Click to see attachment2,439
23 Total liabilities (add lines 17 through 22)......... 4,389 2,439
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........... 5,864,207 5,717,094
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    
29 Total net assets or fund balances (see instructions)..... 5,864,207 5,717,094
30 Total liabilities and net assets/fund balances (see instructions). 5,868,596 5,719,533
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
5,864,207
2
Enter amount from Part I, line 27a .....................
2
-147,113
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,717,094
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
5,717,094
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 ARMSTRONG WORLD INDUSTRIES, INC CMN P 2018-07-31 2020-11-23
b INVESCO FINANCE PLC 3.125% 11/30/202 P 2016-06-22 2020-10-28
c INTERCONTINENTAL EXCHANGE INC CMN P 2020-02-07 2020-10-02
d THE TJX COMPANIES, INC. 2.25% 09/15/ P 2019-10-11 2020-07-23
e SKYWORKS SOLUTIONS, INC. CMN P 2018-11-12 2020-06-08
WELLTOWER INC 2.7% 02/15/2027 USD SR P 2020-01-02 2020-06-02
BAXTER INTERNATIONAL INC CMN P 2019-04-17 2020-03-17
SABRE CORPORATION CMN P 2019-04-25 2020-03-05
ARMSTRONG WORLD INDUSTRIES, INC CMN P 2019-10-31 2020-01-30
ELANCO ANIMAL HEALTH INCORPORA CMN P 2019-03-06 2020-01-10
NORFOLK SOUTHERN CORP CMN P 2020-02-27 2020-11-23
MICROSOFT CORPORATION 2.4% 08/08/202 P 2019-04-15 2020-10-28
LOWES COMPANIES INC CMN P 2019-09-26 2020-10-02
THE TJX COMPANIES, INC. 2.25% 09/15/ P 2019-10-11 2020-07-22
ALPHABET INC. CMN CLASS A P 2017-08-22 2020-06-02
NORFOLK SOUTHERN CORP CMN P 2020-02-27 2020-05-12
COCA-COLA COMPANY (THE) CMN P 2017-02-14 2020-03-17
COCA-COLA COMPANY (THE) CMN P 2019-03-29 2020-02-28
BAXTER INTERNATIONAL INC CMN P 2018-12-04 2020-01-30
ELANCO ANIMAL HEALTH INCORPORA CMN P 2019-03-04 2020-01-10
NORFOLK SOUTHERN CORP CMN P 2020-02-27 2020-11-23
SKYWORKS SOLUTIONS, INC. CMN P 2018-11-12 2020-10-28
MC DONALDS CORP CMN P 2020-01-06 2020-10-02
THE TJX COMPANIES, INC. 2.25% 09/15/ P 2019-10-11 2020-07-21
AMAZON.COM INC 3.3% 12/05/2021 USD S P 2014-12-03 2020-06-02
S&P GLOBAL INC. CMN P 2018-10-12 2020-05-12
CROWN CASTLE INTL CORP CMN P 2020-02-28 2020-03-17
COCA-COLA COMPANY (THE) CMN P 2017-02-14 2020-02-28
COCA-COLA COMPANY (THE) CMN P 2017-02-14 2020-01-30
SKYWORKS SOLUTIONS, INC. CMN P 2018-11-12 2020-01-07
NORFOLK SOUTHERN CORP CMN P 2020-02-27 2020-11-23
STARBUCKS CORP 2.7% 06/15/2022 USD S P 2016-01-07 2020-10-28
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2018-02-20 2020-10-02
THE TJX COMPANIES, INC. 2.25% 09/15/ P 2019-10-11 2020-07-20
ARMSTRONG WORLD INDUSTRIES, INC CMN P 2019-10-31 2020-06-02
AMAZON.COM INC 3.3% 12/05/2021 USD S P 2014-12-03 2020-04-09
FISERV, INC. CMN P 2020-02-05 2020-03-17
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2020-02-13 2020-02-28
FISERV, INC. CMN P 2019-01-17 2020-01-30
SKYWORKS SOLUTIONS, INC. CMN P 2017-12-06 2020-01-07
MOTOROLA SOLUTIONS INC CMN P 2017-02-07 2020-11-20
VULCAN MATERIALS CO CMN P 2018-07-25 2020-10-27
NORFOLK SOUTHERN CORP CMN P 2020-02-27 2020-10-02
WASTE MANAGEMENT, INC 2.95% 06/15/20 P 2020-01-15 2020-07-20
BAXTER INTERNATIONAL INC CMN P 2019-04-17 2020-06-02
SKYWORKS SOLUTIONS, INC. CMN P 2019-05-06 2020-04-08
INTERCONTINENTAL EXCHANGE INC CMN P 2020-02-07 2020-03-17
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2019-03-08 2020-02-28
INTERCONTINENTAL EXCHANGE INC CMN P 2019-02-12 2020-01-30
BAXTER INTERNATIONAL INC CMN P 2018-12-04 2020-01-06
MEAD JOHNSON NUTRITION COMPANY 3.0% P 2019-12-26 2020-11-15
VULCAN MATERIALS CO CMN P 2018-04-18 2020-10-27
PUBLIC STORAGE CMN P 2020-02-24 2020-10-02
MOTOROLA SOLUTIONS INC CMN P 2020-03-20 2020-07-01
BRUNSWICK CORP. CMN P 2020-01-24 2020-06-02
NORFOLK SOUTHERN CORP CMN P 2020-02-27 2020-04-07
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2019-03-08 2020-03-17
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2019-01-07 2020-02-28
LOWES COMPANIES INC CMN P 2019-09-26 2020-01-30
ALPHABET INC. CMN CLASS A P 2017-08-22 2020-11-12
CITIGROUP INC. 2.65% 10/26/2020 SR L P 2015-10-19 2020-10-26
SKYWORKS SOLUTIONS, INC. CMN P 2018-11-12 2020-10-02
MOTOROLA SOLUTIONS INC CMN P 2017-03-09 2020-07-01
CITIGROUP INC. LINKED TO S&P 500 IND P 2018-12-19 2020-06-02
APTIV PLC CMN P 2017-12-14 2020-03-27
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2017-08-22 2020-03-17
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2019-01-02 2020-02-28
MC DONALDS CORP CMN P 2020-01-06 2020-01-30
BRUNSWICK CORP. CMN P 2019-10-25 2020-11-12
VULCAN MATERIALS CO CMN P 2018-07-25 2020-10-06
VISA INC. CMN CLASS A P 2020-03-16 2020-10-02
MOTOROLA SOLUTIONS INC CMN P 2017-02-14 2020-07-01
LOWES COMPANIES INC CMN P 2019-09-26 2020-06-02
APTIV PLC CMN P 2017-07-12 2020-03-27
NORFOLK SOUTHERN CORP CMN P 2020-02-27 2020-03-17
UNITED TECHNOLOGIES CORPORATIO 2.8% P 2017-05-01 2020-02-28
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2019-01-02 2020-01-30
MC DONALDS CORP CMN P 2020-01-06 2020-11-12
VULCAN MATERIALS CO CMN P 2018-07-16 2020-10-06
VULCAN MATERIALS CO CMN P 2018-07-16 2020-10-02
MOTOROLA SOLUTIONS INC CMN P 2017-02-07 2020-07-01
MC DONALDS CORP CMN P 2020-01-06 2020-06-02
COCA-COLA COMPANY (THE) CMN P 2017-02-14 2020-03-20
PUBLIC STORAGE CMN P 2020-02-24 2020-03-17
ELECTRONIC ARTS CMN P 2018-10-31 2020-02-27
MOTOROLA SOLUTIONS INC CMN P 2017-03-09 2020-01-30
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2018-02-20 2020-11-12
ALPHABET INC. CMN CLASS A P 2017-08-22 2020-10-02
WASTE MANAGEMENT INC CMN P 2020-05-12 2020-10-02
MARRIOTT INTERNATIONAL 2.3% 01/15/20 P 2016-06-08 2020-06-22
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2018-02-20 2020-06-02
COCA-COLA COMPANY (THE) CMN P 2016-12-01 2020-03-20
S&P GLOBAL INC. CMN P 2018-10-12 2020-03-17
INTL BUSINESS MACHINES CORP CMN P 2020-01-31 2020-02-27
S&P GLOBAL INC. CMN P 2018-10-12 2020-01-30
VULCAN MATERIALS CO CMN P 2018-04-18 2020-11-12
ANALOG DEVICES, INC. CMN P 2020-07-13 2020-10-02
ZEBRA TECHNOLOGIES INC CMN CLASS A P 2020-02-27 2020-10-02
UNION PACIFIC CORPORATION 2.25% 06/1 P 2015-06-17 2020-06-19
MOTOROLA SOLUTIONS INC CMN P 2020-03-20 2020-06-02
ENVISTA HOLDINGS CORPORATION CMN P 2020-01-31 2020-03-19
SKYWORKS SOLUTIONS, INC. CMN P 2019-05-06 2020-03-17
CISCO SYSTEMS, INC. CMN P 2016-12-01 2020-02-24
SKYWORKS SOLUTIONS, INC. CMN P 2018-11-12 2020-01-30
ARMSTRONG WORLD INDUSTRIES, INC CMN P 2019-10-31 2020-10-30
ARMSTRONG WORLD INDUSTRIES, INC CMN P 2019-10-31 2020-10-02
ALPHABET INC. CMN CLASS A P 2020-08-05 2020-09-04
BRUNSWICK CORP. CMN P 2020-01-24 2020-06-08
PUBLIC STORAGE CMN P 2020-02-24 2020-06-02
ELECTRONIC ARTS CMN P 2018-10-31 2020-03-18
STARBUCKS CORP. CMN P 2020-02-28 2020-03-17
CISCO SYSTEMS, INC. CMN P 2016-12-01 2020-02-13
VULCAN MATERIALS CO CMN P 2018-07-16 2020-01-30
ARMSTRONG WORLD INDUSTRIES, INC CMN P 2018-07-31 2020-10-30
BAXTER INTERNATIONAL INC CMN P 2019-04-17 2020-10-02
ALPHABET INC. CMN CLASS A P 2017-08-22 2020-09-04
ELECTRONIC ARTS CMN P 2018-10-31 2020-06-08
S&P GLOBAL INC. CMN P 2018-10-12 2020-06-02
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2018-02-20 2020-03-18
SABRE CORPORATION CMN P 2020-02-26 2020-03-05
ROYAL BANK OF CANADA 1.875% 02/05/20 P 2015-01-29 2020-02-05
VULCAN MATERIALS CO CMN P 2018-05-11 2020-01-30
ANALOG DEVICES, INC. CMN P 2020-07-13 2020-10-28
CROWN CASTLE INTL CORP CMN P 2020-05-12 2020-10-02
LOWES COMPANIES INC CMN P 2018-03-22 2020-08-12
NORFOLK SOUTHERN CORP CMN P 2020-02-27 2020-06-08
SKYWORKS SOLUTIONS, INC. CMN P 2019-05-06 2020-06-02
MEDTRONIC PUBLIC LIMITED COMPA CMN P 2017-08-22 2020-03-18
SABRE CORPORATION CMN P 2019-11-04 2020-03-05
ALPHABET INC. CMN CLASS A P 2017-08-22 2020-01-30
SKYWORKS SOLUTIONS, INC. CMN P 2018-11-12 2020-01-23
HERSHEY COMPANY 3.375% 05/15/2023 US P 2018-05-03 2020-10-28
FISERV, INC. CMN P 2020-02-05 2020-10-02
MOTOROLA SOLUTIONS INC CMN P 2017-02-07 2020-08-05
SKYWORKS SOLUTIONS, INC. CMN P 2019-05-06 2020-06-08
VULCAN MATERIALS CO CMN P 2018-07-16 2020-06-02
ANALOG DEVICES, INC. CMN P 2020-01-29 2020-03-17
SABRE CORPORATION CMN P 2019-05-01 2020-03-05
ANALOG DEVICES, INC. CMN P 2020-01-29 2020-01-30
ELANCO ANIMAL HEALTH INCORPORA CMN P 2019-05-07 2020-01-10
(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 2,097   1,843 254
b 10,533   10,131 402
c 1,014   937 77
d 5,353   4,986 367
e 1,336   733 603
39,151   40,246 -1,095
789   744 45
3,645   7,527 -3,882
1,012   929 83
4,401   4,523 -122
1,213   948 265
5,442   4,825 617
833   550 283
5,351   4,986 365
1,434   938 496
2,838   3,223 -385
607   524 83
4,536   4,010 526
904   682 222
17,090   18,317 -1,227
728   551 177
1,679   879 800
1,113   1,012 101
5,365   4,986 379
10,409   9,988 421
2,100   1,301 799
743   712 31
3,903   2,982 921
1,231   846 385
3,296   2,051 1,245
485   412 73
5,162   5,009 153
1,439   1,143 296
10,733   9,971 762
912   1,115 -203
10,384   9,988 396
529   529  
1,980   2,317 -337
845   527 318
1,648   1,346 302
8,466   3,952 4,514
3,559   3,013 546
854   758 96
35,350   35,350  
726   595 131
3,815   3,544 271
1,002   1,219 -217
3,563   3,245 318
1,298   992 306
16,362   13,155 3,207
50,000   50,000  
569   472 97
917   903 14
3,281   3,334 -53
817   869 -52
4,918   4,918  
477   541 -64
792   664 128
832   770 62
1,745   938 807
50,000   49,944 56
890   440 450
3,418   2,032 1,386
605,000   500,000 105,000
1,908   3,103 -1,195
716   736 -20
1,287   1,145 142
863   809 54
757   657 100
3,906   3,254 652
809   632 177
2,324   1,336 988
1,046   879 167
6,395   9,552 -3,157
272   272  
53,076   49,896 3,180
2,590   1,937 653
2,764   2,630 134
434   368 66
962   859 103
684   388 296
1,121   1,214 -93
7,192   7,254 -62
995   995  
4,504   3,945 559
897   406 491
2,423   1,796 627
2,925   1,876 1,049
913   789 124
25,156   24,897 259
876   735 141
18,420   18,451 -31
896   743 153
23,277   24,643 -1,366
1,192   743 449
3,054   2,599 455
1,154   1,198 -44
773   651 122
50,000   49,918 82
835   834 1
8,859   22,542 -13,683
305   346 -41
28,153   18,821 9,332
807   513 294
240   372 -132
780   1,022 -242
4,645   4,460 185
2,097   2,049 48
821   821  
7,125   6,788 337
289   390 -101
3,649   2,297 1,352
141   123 18
1,919   2,184 -265
794   744 50
3,097   1,876 1,221
1,186   917 269
979   558 421
5,050   5,387 -337
2,703   3,999 -1,296
50,000   49,993 7
850   761 89
1,514   1,557 -43
1,010   923 87
7,257   3,946 3,311
3,658   3,602 56
733   519 214
5,127   5,478 -351
1,029   2,108 -1,079
1,450   938 512
5,177   3,003 2,174
10,741   9,996 745
1,327   1,564 -237
6,657   3,720 2,937
134   86 48
986   1,105 -119
651   798 -147
1,664   3,174 -1,510
898   912 -14
1,800   1,952 -152
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       254
b       402
c       77
d       367
e       603
      -1,095
      45
      -3,882
      83
      -122
      265
      617
      283
      365
      496
      -385
      83
      526
      222
      -1,227
      177
      800
      101
      379
      421
      799
      31
      921
      385
      1,245
      73
      153
      296
      762
      -203
      396
       
      -337
      318
      302
      4,514
      546
      96
       
      131
      271
      -217
      318
      306
      3,207
       
      97
      14
      -53
      -52
       
      -64
      128
      62
      807
      56
      450
      1,386
      105,000
      -1,195
      -20
      142
      54
      100
      652
      177
      988
      167
      -3,157
       
      3,180
      653
      134
      66
      103
      296
      -93
      -62
       
      559
      491
      627
      1,049
      124
      259
      141
      -31
      153
      -1,366
      449
      455
      -44
      122
      82
      1
      -13,683
      -41
      9,332
      294
      -132
      -242
      185
      48
       
      337
      -101
      1,352
      18
      -265
      50
      1,221
      269
      421
      -337
      -1,296
      7
      89
      -43
      87
      3,311
      56
      214
      -351
      -1,079
      512
      2,174
      745
      -237
      2,937
      48
      -119
      -147
      -1,510
      -14
      -152
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 2 131,213
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 -22,280
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 3,024
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 3,024
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 3,024
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,352
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,852
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 1,828
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,828 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMARY BETH GRENNER CPA Telephone no.bullet (770) 886-0334

    Located atbullet104 COLONY PARK DR 100CUMMINGGA ZIP+4bullet30040
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    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
    MARY J SHANNON
    C/O MARY BETH GRENNER CPA LLC     		DIRECTOR
    000.00     		0 0 0
    104 COLONY PARK DR 100
    CUMMING,GA30040
    DAVID D SHANNON
    C/O MARY BETH GRENNER CPA LLC     		DIRECTOR
    000.00     		26,250 0 0
    104 COLONY PARK DR 100
    CUMMING,GA30040
    LIAM SHANNON DIRECTOR
    000.00     		26,250 0 0
    104 COLONY PARK DR 100
    CUMMING,GA30040
    EAMON SHANNON DIRECTOR
    000.00     		26,250 0 0
    104 COLONY PARK DR 100
    CUMMING,GA30040
    BRETTANY SHANNON DIRECTOR
    000.00     		26,250 0 0
    104 COLONY PARK DR 100
    CUMMING,GA30040
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    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 N/A  
    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
    6,661,931
    b
    Average of monthly cash balances.......................
    1b
    103,829
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,765,760
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    6,765,760
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    101,486
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,664,274
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    333,214
    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
    333,214
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    3,024
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,024
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    330,190
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    330,190
    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
    330,190
    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
    320,164
    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
    320,164
    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
    320,164
    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 7 330,190
    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......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 55,102
    e From 2019...... 85,686
    fTotal of lines 3a through e........ 140,788
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 320,164
    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)........     		 
    d Applied to 2020 distributable amount..... 320,164
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020. 10,026 10,026
    (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 5 130,762
    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 ..........     		0
    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 ......     		130,762
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 45,076
    d Excess from 2019.... 85,686
    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).)
    PHILIP SHANNON JR
    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
    AMERICAN CIVIL LIBERTIES UNION FOUN
    125 BROAD STREET
    18TH FL
    NEW YORK,NY10004     		N/A 509(A) CIVIL LIBERTIES 500
    ATLANTA COMMUNITY FOOD BANK
    732 JOSEPH E LOWEREY BLVD
    ATLANTA,GA30318     		N/A 509(A) HUNGER 3,500
    ATLANTA HUMANE SOCIETY
    981 HOWELL MILL ROAD NW
    ATLANTA,GA30318     		N/A 509(A) PREVENT ANIMAL CRUELTY 500
    CRISTO REY ATLANTA JESUIT HIGH SCHO
    222 PIEDMONT AVE NE
    ATLANTA,GA30308     		N/A 509(A) EDUCATION 2,500
    CUMBERLAND ACADEMY OF GEORGIA
    650 A MOUNT VERNON HWY NE
    ATLANTA,GA30328     		N/A 509(A) EDUCATION 3,000
    DICKINSON COLLEGE
    PO BOX 1773
    CARLISLE,PA17013     		N/A 509(A) EDUCATION 1,500
    DOCTORS WITHOUT BORDERS USA
    333 7TH AVENUE 2ND FLOOR
    NEW YORK,NY10001     		N/A 509(A) EMERGENCY CARE 500
    DOWNTOWN WOMEN'S CENTER
    442 S SAN PEDRO ST
    LOS ANGELES,CA90013     		N/A 509(A) END HOMELESSNESS FOR WOMEN 1,000
    DRAKE HOUSE
    10500 CLARA DR
    ROSWELL,GA30075     		N/A 509(A) AFFORDABLE HOUSING 10,000
    ECHO PARK FILM CENTER
    1200 N ALVARADO ST
    LOS ANGELES,CA90026     		N/A 509(A) PROVIDE NEIGHBORHOOD MICROCINEMA 1,000
    EMORY UNIVERSITY
    1762 CLIFTON ROAD NE
    SUITE 1400
    ATLANTA,GA303224001     		N/A 509(A) EDUCATION 4,000
    ENVIRONMENT DEFENSE ACTION FUND
    1875 CONNECTICUT AVE NW
    SUITE 600
    WASHINGTON,DC20009     		N/A 509(A) ENVIRONMENT 2,500
    FREEWAVES
    6522 HOLLYWOOD BLVD
    LOS ANGELES,CA90028     		N/A 509(A) OUT THE WINDOW PROJECT 5,250
    FRIENDS OF MICHELTORENA
    1511 MICHELTORENA
    LOS ANGELES,CA90026     		NONE 509(A) EDUCATION 3,000
    FRIENDS OF THE LOS ANGELES RIVER
    570 W AVENUE 26 250
    LOS ANGELES,CA90065     		N/A 509(A) ENVIRONMENTAL PROTECTION 500
    GOD'S LOVE WE DELIVER
    166 AVENUE OF THE AMERICA
    NEW YORK,NY10013     		N/A 509(A) MEALS TO HOMEBOUND 3,000
    GREY NUNS OF THE SACRED HEART
    ATTN EILEEN DICKERSON
    1750 QUARY ROAD
    YARDLEY,PA19067     		N/A 509(A) NURSING HOME 3,000
    HENRY MILLER LIBRARY
    48603 HIGHWAY ONE
    BIG SUR,CA93920     		N/A 509(A) LIBRARY 500
    HOMEBOY INDUSTRIES
    DEVELOPMENT OFFICE
    130 W BRUNO STREET
    LOS ANGELES,CA90012     		N/A 509(A) PREVENTION OF GANG LIFE 1,000
    INTERNATIONAL REFUGEE ASSISTANCE PR
    URBAN JUSTICE CENTER
    40 RECTOR STREET 9TH FLO
    NEW YORK,NY10006     		N/A 509(A) HUMAN RIGHTS FOR REFUGEES 1,000
    LEGAL OUTREACH
    36-14 35TH STREET
    LONG ISLAND CITY,NY11106     		N/A 509(A) LAW RELATED EDUCATIONAL ASSIST 3,000
    LOS ANGELES SPCA
    5026 WEST JEFFERSON BOULE
    LOS ANGELES,CA90016     		N/A 509(A) SPAYING CATS 1,000
    LOS ANGELES WALKS
    2351 SILVER RIDGE AVE
    LOS ANGELES,CA90039     		N/A 509(A) SAFETY AND COMMUNITY DEVELOPMENT 1,000
    MEXICAN AMERICAN LEGAL DEFENSE
    634 S SPRING STREET
    11TH FLOOR
    LOS ANGELES,CA90014     		N/A 509(A) LATINO CIVIL RIGHTS 1,000
    MERCY CARE FOUNDATION
    5134 PEACHTREE ROAD
    CHAMBLEE,GA30341     		N/A 509(A) HEALTHCARE FOR HOMELESS 2,500
    MY FRIEND'S PLACE
    PO BOX 3867
    HOLLYWOOD,CA90078     		N/A 509(A) SERVICES FOR HOMELESS TEENS 2,000
    NAACP LEGAL DEFENSE FUND
    40 RECTOR ST -5TH FLOOR
    NEW YORK,NY10006     		N/A 509(A) LEGAL DEFENSE AND EDUCATIONAL FUND 1,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH
    11TH FLOOR
    NEW YORK,NY10011     		N/A 509(A) ENVIRONMENTAL PROTECTION 1,000
    NORTH FULTON COMMUNITY CHARITIES
    11270 ELKINS ROAD
    ROSWELL,GA30076     		N/A 509(A) SOCIAL SERVICES 12,000
    ONSTAGE ATLANTA INC
    2969 E PONCE DE LEON AVE
    DECATUR,GA30030     		N/A 509(A) PROMOTING ARTS IN COMMUNITY 10,000
    PAIDEIA SCHOOL
    ATTN DEVELOPMENT
    1509 PONCE DE LEON AVENUE
    ATLANTA,GA30307     		N/A 509(A) EDUCATION 1,000
    PALAMA SETTLEMENT
    810 N VINEYARD BLVD
    HONOLULU,HI96817     		N/A 509(A) SOCIAL WORK IN HI 40,000
    PLANNED PARENTHOOD
    123 WILLIAM ST 10TH FL
    NEW YORK,NY10038     		N/A 509(A) HEALTH CARE 500
    PROPUBLICA
    155 AVENUE OF THE AMERICA
    13TH FLOOR
    NEW YORK,NY10013     		N/A 509(A) INVESTIGATIVE JOURNALISM IN PUBLIC I 1,000
    SACRED HEART OF JESUS
    353 PEACHTREE STREET NE
    ATLANTA,GA30308     		N/A 509(A) SAVE THE SPIRES 2,500
    SISTERS OF NOTRE DAME DE NAMUR
    TRI-PROVINCE DEVELOPMENT
    PO BOX 157
    STEVENSON,MD21153     		N/A 509(A) ASSIST RETIRED AND INFIRMED NUNS 3,000
    ST VINCENT DE PAUL
    ST PETER CHANEL CHURCH
    11330 WOODSTOCK RD
    ROSWELL,GA30075     		N/A 509(A) EMERGENCY FINANCIAL ASSISTANCE 2,500
    THE DRESSAGE FOUNDATION
    1314 O ST
    SUITE 305
    LINCOLN,NE68508     		N/A 509(A) ADVANCEMENT OF DRESSAGE IN US 3,000
    THE MARK D HOUSON MEMORIAL FUND
    11503 PARSONS RD
    MANOR,TX78653     		NONE 509(A) ADDICTION RECOVERY 10,000
    THE AMERICAN CLASSICAL LEAGUE
    860 NW WASHINGTON BLVD
    SUITE A
    HAMILTON,OH45013     		N/A 509(A) PROMOTE STUDY OF CLASSICAL LANGUAGES 1,000
    THE MOJAVE DESERT LAND TRUST
    61732 TWENTYNINE PALMS HW
    JOSHUA TREE,CA92252     		N/A 509(A) LAND PRESERVATION 1,000
    THE PLACE OF FORSYTH COUNTY INC
    2550 THE PLACE CIRCLE
    CUMMING,GA30040     		N/A 509(A) EMERGENCY ASSISTANCE 15,000
    THE PLACE OF FORSYTH COUNTY INC
    2550 THE PLACE CIRCLE
    CUMMING,GA30040     		N/A 509(A) EMERGENCY ASSISTANCE 500
    THORN
    1240 ROSECRANS AVE
    SUITE 120
    MANHATTAN BEACH,CA90266     		N/A 509(A) COMBAT ONLINE CHILD SEXUAL ABUSE 500
    TRINITY WASHINGTON UNIVERSITY
    DBA TRINITY WASHINGTON UN
    125 MICHIGAN AVE NE
    WASHINGTON,DC20017     		N/A 509(A) EDUCATION 40,000
    TRINITY WASHINGTON UNIVERSITY
    DBA TRINITY WASHINGTON UN
    125 MICHIGAN AVE NE
    WASHINGTON,DC20017     		N/A 509(A) EDUCATION 5,000
    TRINITY WASHINGTON UNIVERSITY
    DBA TRINITY WASHINGTON UN
    125 MICHIGAN AVE NE
    WASHINGTON,DC20017     		N/A 509(A) EDUCATION 40,000
    UNIVERSITY OF GEORGIA
    221 PARK HALL
    ATHENS,GA30602     		N/A 509(A) EDUCATION 4,000
    VANDERBILT UNIVERSITY
    PMB 407727
    NASHVILLE,TN372407727     		N/A 509(A) EDUCATION 7,500
    WATERKEEPER ALLIANCE
    180 MAIDEN LANE
    STE 603
    NEW YORK,NY10038     		N/A 509(A) DEDICATED TO CLEAN WATER 500
    Total .................................bullet 3a 260,750
    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 35,341  
    4 Dividends and interest from securities....     14 85,636  
    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 ............     		        131,213
    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)..   120,977 131,213
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    252,190
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL AND ACCOUNTING 2,475     2,475

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ACCRUED INTEREST 9,946  
    ABBOTT LABORATORIES 1.15% 19,874 20,413
    ADOBE INC 2.15% 24,984 27,051
    AIR LEASE CORP 3.375% 50,135 50,674
    AMAZON.COM INC 3.3% 29,963 30,763
    AMERICAN ELECTRIC POWER 1.0% 9,977 10,130
    APPLE INC. 2.05% 24,786 26,890
    AT&T INC 2.95% 25,542 27,988
    AT&T INC. 1.65% 9,987 10,270
    B.A.T. CAPITAL CORP 3.222% 25,205 27,370
    BANK OF AMERICA CORP HYBRID 20,000 21,115
    BANK OF AMERICA CORP HYBRID 25,000 26,768
    BANK OF MONTREAL MTN 2.05% 24,971 25,882
    BANK OF NEW YORK MELLON CORPOR MTN 2 45,161 47,968
    BANK OF NOVA SCOTIA (THE) 2.2% 44,914 48,222
    BROADCOM CORPORATION 3.0% 20,176 20,737
    CANADIAN IMPERIAL BANK OF COMM 2.25% 39,996 42,828
    CBS CORP 3.7% 08/15/2024 USD SR LIEN 25,253 27,761
    CHARLES SCHWAB CORPORATION (TH 0.9% 19,976 20,266
    CITIGROUP INC. 2.65% 10/26/2020 SR L    
    CVS HEALTH CORP 2.125% 50,018 50,385
    DH EUROPE FINANCE II 2.05% 40,087 41,365
    ENERGY TRANSFER OPERATNG 2.9% 14,989 15,925
    ESTEE LAUDER COMPANIES 24,855 26,453
    FISERV, INC. 2.75% 35,547 38,064
    GENERAL ELECTRIC CAPITAL CORPO MTN 5 11,835 12,390
    GLAXOSMITHKLINE CAPITAL PLC 3.375% 36,118 37,649
    HERSHEY COMPANY 3.375% 05/15/2023 US 39,983 43,003
    INVESCO FINANCE PLC 40,482 42,115
    JPMORGAN CHASE & CO. HYBRID 04/25/20 50,000 51,871
    MCDONALD'S CORPORATION MTN 1.45% 19,963 20,837
    MARRIOTT INTERNATIONAL 2.3%    
    MEAD JOHNSON NUTRITION COMPNAY    
    MICROSOFT CORPORATION 2.4% 43,762 49,524
    MORGAN STANLEY HYBRID MTN 46,027 48,672
    MPLX LP 4.0% 03/15/2028 USD SR LIEN 16,611 17,435
    NATIONAL RURAL UTIL COOP MTN 1.75% 0 39,965 40,975
    NOVARTIS CAPITAL CORP 2.0% 02/14/202 24,977 26,872
    ORACLE CORPORATION 2.5% 04/01/2025 U 37,221 37,835
    PACCAR FINANCIAL CORP MTN 1.8% 02/06 29,977 31,648
    PROCTER & GAMBLE CO/THE 0.55% 10/29/ 19,968 20,196
    ROPER TECHNOLOGIES INC 3.65% 09/15/2 41,603 43,831
    ROYAL BANK OF CANADA 1.875% 02/05/20    
    STARBUCKS CORP 2.7% 45,069 46,487
    THE CLOROX COMPANY 3.05% 30,499 31,471
    THE TJX COMPNAIES    
    TRUIST FINANCIAL CORP MTN 1.125% 44,928 45,503
    TYCO ELECTRONICS GROUP S.A. 3.5% 02/ 25,261 26,045
    UNION PACIFIC CORPORATION 2.25% 06/1    
    UNITED PARCEL SERVICE, INC. 2.8% 11/ 49,878 54,216
    UNITED TECHNOLOGIES CORPORATIO 2.8%    
    VERIZON COMMUNICATIONS INC. 2.625% 46,254 49,756
    WELLS FARGO & COMPANY 3.069% 01/24/2 49,927 52,096

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCRUED DIVIDENDS 12,307 12,307
    ALPHABET INC. CMN CLASS A 30,363 63,095
    ANALOG DEVICES, INC. CMN 33,956 53,774
    APTIV PLC CMN    
    ARMSTRONG WORLD INDUSTRIES, INC CMN 20,362 22,615
    BAXTER INTERNATIONAL INC CMN 27,432 33,562
    BNP PARIBAS LINKED TO BASKET INDICES 150,000 170,625
    BRUNSWICK CORP CMN 10,655 16,468
    CDW CORPORATION CMN 6,582 8,566
    CISCO SYSTEMS, INC. CMN    
    CITIGROUP INC. LINKED TO S&P 500 IND 550,000 599,940
    COCA-COLA COMPANY (THE) CMN    
    CROWN CASTLE INTL CORP CMN 27,275 30,405
    DOLLAR TREE STORES, INC. CMN 26,151 29,927
    ELANCO ANIMAL HEALTH INCORPORA CMN    
    ELECTRONIC ARTS CMN 5,061 8,042
    FISERV INC CMN 48,805 62,509
    GS HIGH YIELD FUND INSTITUTIONAL SH 621,847 590,463
    INTERCONTINENTAL EXCHANGE INC CMN 33,904 49,229
    LKQ CORPORATION CMN 11,512 12,898
    LOWES COMPANIES INC CMN 16,228 29,052
    MC DONALDS CORP CMN 29,985 33,689
    MEDTRONIC PUBLIC LIMITED COMPA CMN 44,824 68,899
    MOTOROLA SOLUTIONS INC CMN    
    NORFOLK SOUTHERN CORP CMN 9,704 14,732
    PUBLIC STORAGE CMN 37,254 41,336
    S&P GLOBAL INC. CMN 19,765 35,174
    SABRE CORPORATION CMN    
    SKYWORKS SOLUTIONS INC CMN 16,893 35,468
    SOTERA HEALTH COMPANY CMN 10,441 10,894
    SPDR S&P 500 ETF TRUST 1,724,141 2,924,458
    STARBUCKS CORP. CMN 14,186 19,470
    SYSCO CORPORATION CMN 12,103 12,327
    THE BANK OF NOVA SCOTIA LINKED 115,000 132,148
    TORONTO DOMINION BANK LINKED TO BASK 525,000 584,903
    VISA INC. CMN CLASS A 10,907 15,092
    VULCAN MATERIALS CO CMN 20,726 27,141
    WASTE MANAGEMENT INC CMN 23,291 28,421
    ZEBRA TECHNOLOGIES INC CMN CLASS A 10,843 19,216

    TY 2020 OtherExpensesSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    PAYROLL PROCESS FEES 84 10   42
    POSTAGE 278     278
    OFFICE SUPPLIES 96     96
    CUSTODY FEE 2,500 2,500    
    INVESTMENT FEES 24,236 24,236    


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAXES PAYABLE 4,389 2,439


    TY 2020 TaxesSchedule
    Name:
    THE SHANNON FOUNDATION INC
     
    C/O MARY BETH GRENNER CPA LLC
    EIN:
    58-2309103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 4,114      
    FOREIGN TAX - RECLAIMABLE - EPOC 90 90    
    STATE REGISTRATION FEES 30      
    FOREIGN TAX - LAZARD 300 300