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 01-01-2020 , and ending 12-31-2020

Name of foundation
RICK AND SUSAN GOINGS FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)CO BESSEMER TR 1271 AVE OF THE AM
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10020

A Employer identification number

26-0769554

B Telephone number (see instructions)

(516) 508-9623

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

$21,481,602J 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...	165,547		165,547
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,098,681
b	Gross sales price for all assets on line 6a 9,355,226
7	Capital gain net income (from Part IV, line 2)...			1,097,418
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).......		2,738	2,738
12	Total. Add lines 1 through 11........	1,266,966		1,265,703
13	Compensation of officers, directors, trustees, etc.	14,575		0	14,575
14	Other employee salaries and wages......	45,000		0	45,000
15	Pension plans, employee benefits.......	3,443		0	3,443
16a	Legal fees (attach schedule).........		7,022	7,022	0
b	Accounting fees (attach schedule).......		3,703	0	3,703
c	Other professional fees (attach schedule)....		167,213	67,213	100,000
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		39,159	77	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		4,524	4,524	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	284,639		78,836	166,721
25	Contributions, gifts, grants paid.......	544,500			544,500
26	Total expenses and disbursements. Add lines 24 and 25	829,139		78,836	711,221
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	437,827
b	Net investment income (if negative, enter -0-)			1,186,867
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.............	3,735,828	269,326	269,326
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts	610
	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)	4,448,751	3,387,896	3,481,426
	b	Investments—corporate stock (attach schedule).......	6,469,360	8,432,215	12,339,635
	c	Investments—corporate bonds (attach schedule).......	830,532	2,414,813	2,483,610
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,438,826	2,857,337	2,907,605
	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)	16,923,907	17,361,587	21,481,602
	17	Accounts payable and accrued expenses..........	147
	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 )
	23	Total liabilities (add lines 17 through 22).........	147	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	16,923,760	17,361,587
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	16,923,760	17,361,587
	30	Total liabilities and net assets/fund balances (see instructions).	16,923,907	17,361,587

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) ...............

16,923,760

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

437,827

Other increases not included in line 2 (itemize) bullet

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

17,361,587

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 .

17,361,587

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	P
b	PUBLICLY TRADED SECURITIES	P
c	PUBLICLY TRADED SECURITIES	P
d	PUBLICLY TRADED SECURITIES	P
e	LITIGATION	P
	PARTNERSHIP GAINS- ST	P
	PARTNERSHIP GAINS- LT	P
	PARTNERSHIP 1231 GAINS	P
	Capital Gains Dividends	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	881,543	960,000	-78,457
b	3,905,777	3,820,211	85,566
c	1,793,095	1,672,512	120,583
d	2,637,927	1,805,081	832,846
e	632		632
	1,615		1,615
	4,215		4,215
		4	-4
	130,422		130,422

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			-78,457
b			85,566
c			120,583
d			832,846
e			632
			1,615
			4,215
			-4
			130,422

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	1,097,418
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	16,497
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	16,497
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	16,497
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	23,741
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	9,500
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	33,241
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	16,744
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax16,744	Refunded	11	0

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

BESSEMER TRUST COMPANY NA Telephone no. bullet

(516) 508-9623

Located at bullet

1271 AVENUE OF THE AMERICAS 42 FLNEW YORKNY ZIP+4 bullet

10020

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
EVERETT V GOINGS	CO-TRUSTEE 3.00	0	0	0
C/O BESSEMER TRUST CO NA AVENUE OF THE AMERIC,NY10020	CO-TRUSTEE 3.00	0	0	0
SUSAN PORCARO GOINGS	CO-TRUSTEE 3.00	0	0	0
C/O BESSEMER TRUST CO NA AVENUE OF THE AMERIC,NY10020	CO-TRUSTEE 3.00	0	0	0

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


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









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

Form 990-PF (2020)

Page 7

Part VIII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
ELINOR STEELE ZEGELBONE	INDEPENDENT CONSULTANT	100,000
C/O BESSEMER TR 1271 AVE OF THE AMERICAS NEW YORK,NY10020	INDEPENDENT CONSULTANT	100,000

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...................

19,340,414

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

387,324

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

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

19,727,738

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.........................

19,727,738

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

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

295,916

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

19,431,822

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

971,591

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....................

971,591

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

16,497

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

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

16,497

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

955,094

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

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

955,094

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

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

955,094

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 ..........

711,221

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

711,221

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..............

711,221

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					955,094
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......	225,823
c From 2017......
d From 2018......	469,402
e From 2019......	1,016,639
fTotal of lines 3a through e........		1,711,864
4Qualifying distributions for 2020 from Part
XII, line 4: $ 711,221
a Applied to 2019, but not more than line 2a				0
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.....					711,221
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		243,873			243,873
(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		1,467,991
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 ..........					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) .......		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 ......		1,467,991
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....	451,352
d Excess from 2019....	1,016,639
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).)

EVERETT V GOINGS

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
A GIFT FOR MUSIC 6501 MAGIC WAY BLDG 400C ORANGE,FM32809	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	1,000
ALBEMARLE SPCA INC PO BOX 7047 CHARLOTTESVILLE,VA22906	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	5,000
BOYS & GIRLS CLUB OF AMERICA 1275 PEACHTREE STREET NE ATLANTA,GA30309	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	10,000
BOYS & GIRLS CLUB OF CENTRAL VIRGINIA PO BOX 707 CHARLOTTESVILLE,VA22902	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	10,000
BOYS & GIRLS CLUB OF GREATER GASTON INC PO BOX 23 GASTONIA,NC28053	N/A	EXEMPT	GENERAL EXMEPT PURPOSE	25,000
CAL RIPKEN SR FOUNDATION 525 FELLOWSHIP RD SUITE 330 MT LAUREL,NJ080543415	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	5,000
CLUB DE NINOS Y NINAS DE MEXICO 700 FRONT STREET SAN DIEGO,CA92101	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	10,000
CEDAR STREET CHARITABLE FOUNDATION INC 313 N PLANKINTON AVE MILWAUKEE,WI53203	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	5,000
FOCUSED ULTRASOUND FOUNDATION 1230 CEDARS COURT SUITE 206 CHARLOTTESVILLE,VA22903	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	10,000
MONTPELIER FOUNDATION PO BOX 911 ORANGE,VA22960	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	10,000
MUDDY CREEK TOWNSHIP FIRE STATION 1151 W PORTERSVILLE RD PORTERSVILLE,PA16051	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	1,000
OMYGA ORLANDO MINORITY YOUTH GOLF 708 W JACKSON STREET orlANDO,FL32805	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	2,000
PATHNORTH INC 1717 RHOSE ISLAND AVE NW STE 7 WASHINGTON,DC20036	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	5,000
PIEDMONT VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FUND 501 COLLEGE DR CHARLOTTESVILLE,VA22902	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	100,000
PRESIDENTIAL PRECINCT 427 PARK STREET CHARLOTTESVILLE,VA22902	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	25,000
ROLLIN'S COLLEGE 1000 Holt Ave WINTER PARK,FL32789	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	130,000
THE ECONOMIC CLUB OF WASHINGTON 1156 15TH ST NW STE 601 WASHINGTON,DC20005	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	3,500
THE LEAGUE OF DREAMS 1901 CLIFDEN ROAD BALTIMORE,MD21228	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	10,000
THE MILLER CENTER FOUNDATION PO BOX 400406 CHARLOTTESVILLE,VA22904	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	20,000
THE WALDEN WOODS PROJECT 44 BAKER FARM ROAD LINCOLN,MA01773	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	10,000
THOMAS JEFFERSON FOUNDATION INC PO BOX 217 CHARLOTTESVILLE,VA22902	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	10,000
TRICYCLE FOUNDATION 89 5TH AVENUE SUITE 301 NEW YORK,NY10003	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	1,000
VALLEY CONSERVATION COUNCIL INC 17 BARRISTERS ROW STAUNTON,VA24401	N/A	EXEMPT	GENERL EXEMPT PURPOSE	1,000
WIKIMEDIA FOUNDATION 149 NEW MONTGOMERY 6TH FLOOR SAN FRANCISCO,CA94105	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	5,000
WILLIAM'S COLLEGE 880 MAIN ST WILLIAMSTOWN,MA01267	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	5,000
WORLD FEDERATION OF YOUTH CLUBS 2119-B BERKMAR DRIVE CHARLOTTESVILLE,VA22901	N/A	EXEMPT	GENERAL EXEMPT PURPOSE	125,000
Total ................................. 3a				544,500

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	165,547
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.....			14	2,738
8 Gain or (loss) from sales of assets other than inventory ............			18	1,098,681
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		1,266,966	0

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

1,266,966

(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:

RICK AND SUSAN GOINGS FOUNDATION

EIN:

26-0769554

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FIDUCIARY TAX SERVICE FEES	2,500	0		2,500
BESSEMER PAYROLL	1,203	0		1,203

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

RICK AND SUSAN GOINGS FOUNDATION

EIN:

26-0769554

Name of Bond	End of Year Book Value	End of Year Fair Market Value
55000.00 COMCAST CORP	60,355	60,628
65000.00 MICROSOFT CORP	65,853	70,891
65000.00 NATIONAL RURAL UTIL COOP	64,942	66,019
60000.00 HCA INC	65,710	67,498
55000.00 ESTEE LAUDER CO INC	60,375	60,667
60000.00 ROPER TECHNOLOGIES INC	59,916	60,784
60000.00 PNC FINANCIAL SERVICES	61,291	61,971
70000.00 AMAZON.COM INC	70,268	71,235
55000.00 ABBVIE INC	58,632	59,944
50000.00 SOUTHWEST AIRLINES CO	58,751	59,444
55000.00 BROADCOM CRP / CAYMN FI	59,392	59,495
65000.00 PEPSICO INC	64,953	69,576
60000.00 D.R. HORTON INC	59,827	60,378
50000.00 BANK OF AMERICA CORP	50,014	55,075
35000.00 ORACLE CORP SR GLBL NT	35,330	35,926
22000.00 GOLDMAN SACHS GRP INC FRN	22,010	22,212
25000.00 TYSON FOODS INC	24,829	25,257
43000.00 MORGAN STANLEY	43,631	47,586
50000.00 CITIGROUP INC	50,489	56,876
60000.00 HP ENTERPRISE CO	59,929	61,565
65000.00 GEORGIA POWER CO	64,986	67,921
55000.00 ANTHEM INC	59,409	63,394
35000.00 QUALCOMM INC	34,829	37,716
65000.00 NUCOR CORP	67,518	68,399
50000.00 BURLINGTN NORTH SANTA FE	56,235	56,696
25000.00 SUNOCO LOGISTICS PARTNER	25,064	25,147
50000.00 ARCHER-DANIELS-MIDLAND C	52,146	54,376
70000.00 JOHN DEERE CAPITAL CORP	69,983	71,400
55000.00 PAYPAL HOLDINGS INC	56,338	57,523
55000.00 CIGNA CORP	59,700	59,396
60000.00 BANK OF NY MELLON CORP	60,115	62,675
60000.00 VALERO ENERGY CORP	60,191	60,387
55000.00 CONSTELLATION BRANDS INC	57,231	57,217
60000.00 AMERICAN HONDA FINANCE	60,046	60,717
60000.00 AMERICAN ELECTRIC POWER	61,986	61,751
65000.00 OMNICOM GROUP INC	64,776	69,079
50000.00 JPMORGAN CHASE & CO	56,664	59,569
50000.00 BERKSHIRE HATHAWAY ENERG	49,102	50,029
55000.00 JABIL INC	58,960	58,797
59000.00 VERIZON COMMUNICATIONS	59,697	58,765
58000.00 VISA INC	60,783	61,571
50000.00 MCDONALD'S CORP	55,800	55,623
35000.00 SUMITOMO MITSUI FINL GRP	35,032	38,020
32000.00 SHELL INTERNATIONAL FIN	31,725	34,415

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

RICK AND SUSAN GOINGS FOUNDATION

EIN:

26-0769554

Name of Stock	End of Year Book Value	End of Year Fair Market Value
845.00 TENCENT HOLDINGS LTD	38,033	61,450
135.00 CHARTER COMMUNICATIONS INC	66,813	89,309
93.00 ALPHABET INC CLASS C	65,382	162,924
465.00 FACEBOOK INC-A	75,991	127,019
204.00 MATCH GROUP INC	19,119	30,842
250.00 SEA LTD ADR	11,142	49,762
50.00 AMAZON.COM INC	37,980	162,846
120.00 HOME DEPOT	16,505	31,874
435.00 ROSS STORES INC	43,397	53,422
645.00 NIKE INC CL B	33,374	91,248
80.00 LVMH MOET HENNESSY VUITTON	34,122	50,154
190.00 ADVANCE AUTO PARTS	21,175	29,926
750.00 DOLLARAMA INC	23,776	30,528
120.00 BURLINGTON STORES INC	19,823	31,386
450.00 HILTON WORLDWIDE HOLDINGS	48,881	50,067
209.00 ALIBABA GROUP HOLDINGS LTD	17,992	48,640
315.00 WYNDHAM HOTELS & RESORTS	14,795	18,723
470.00 PEPSICO INC	44,825	69,701
575.00 US FOODS HOLDING CORP	14,846	19,153
62077.13 OW CREDIT INCOME FUND	620,771	633,807
1025.00 CONOCOPHILLIPS	38,383	40,989
180.00 PIONEER NATURAL RESOURCES	24,030	20,500
650.00 SCHWAB CHARLES CORP NEW	31,988	34,476
95.00 S&P GLOBAL INC.	24,057	31,229
150.00 AON PLC	31,066	31,690
2685.00 BANK OF AMERICA CORP	79,207	81,382
225.00 CHUBB LIMITED	20,486	34,632
61.00 BLACKROCK INC	29,088	44,013
975.00 BLACKSTONE GROUP INC	59,094	63,189
210.00 NASDAQ INC.	17,175	27,875
780.00 CITIGROUP INC	36,889	48,094
365.00 ZOETIS INC	23,291	60,407
505.00 IQVIA HOLDINGS INC	69,649	90,480
345.00 DANAHER CORP	27,569	76,638
78.00 TELEFLEX INC	21,203	32,102
150.00 STERIS PLC	14,362	28,431
172.00 THERMO FISHER SCIENTIFIC	36,832	80,114
104.00 COOPER COS INC	24,122	37,785
120.00 LAB CORP OF AMER HLDGS NEW	16,786	24,426
220.00 UNITEDHEALTH GROUP INC	55,549	77,149
30.00 WEST PHARMACEUTICAL SVC	4,284	8,499
115.00 CINTAS CORP	18,677	40,647
165.00 EQUIFAX INC	21,520	31,818
400.00 SMITH A O CORP	17,153	21,928
70.00 IDEX CORP	7,672	13,944
220.00 DOVER CORP	16,430	27,775
65.00 L3 HARRIS TECHNOLOGIES INC	9,916	12,286
485.00 UNION PACIFIC CORP	75,777	100,986
605.00 FORTIVE CO	28,729	42,846
3240.00 RENTOKIL INITIAL PLC	15,814	22,541
355.00 SAFRAN SA	46,534	50,510
90.00 VERISK ANALYTICS INC-CL A	11,483	18,683
495.00 IAA INC	15,082	32,165
130.00 ADOBE INC	53,305	65,015
185.00 CMC MATERIALS INC	23,869	27,990
340.00 AMPHENOL CORP	29,398	44,461
150.00 WEX INC	24,750	30,529
555.00 FIDELITY NATL INFO SVCS	46,198	78,510
165.00 CDW CORP/DE	16,490	21,745
33.00 PAYCOM SOFTWARE INC	10,861	14,924
300.00 SS&C TECHNOLOGIES HOLDINGS	18,765	21,825
104.00 SERVICENOW INC	26,565	57,244
80.00 ASPEN TECHNOLOGY	10,508	10,420
75.00 ANSYS INC	13,366	27,285
1110.00 MICROSOFT CORP	70,560	246,886
145.00 SYNOPSYS INC	16,332	37,589
540.00 TEXAS INSTRUMENTS INC	55,911	88,630
50.00 ASML HOLDING	22,423	24,391
90.00 NICE LTD ADR	13,443	25,518
1495.00 APPLE INC	70,869	198,371
735.00 VISA INC	76,858	160,766
315049.86 OW LARGE CAP STRATEGIES FD	3,645,139	5,399,954
160.00 APTARGROUP INC	15,774	21,902
215.00 AIR PRODUCTS & CHEMICALS	53,832	58,742
270.00 AMERICAN TOWER CORP	48,238	60,604
125898.60 OW SMALL & MIDCAP STRAT FD	1,788,017	2,319,052
440.00 AMEREN CORP	30,068	34,346
195.00 AMERICAN WATER WORKS CO	12,037	29,926

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

RICK AND SUSAN GOINGS FOUNDATION

EIN:

26-0769554

US Government Securities - End of Year Book Value:

3,387,896

US Government Securities - End of Year Fair Market Value:

3,481,426

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

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

RICK AND SUSAN GOINGS FOUNDATION

EIN:

26-0769554

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
531.83 5TH AVE MUL-STRAT OFF S1	AT COST	1,400,000	1,468,908
530.00 5TH AVE MUL-STRAT OFF S13	AT COST	1,325,000	1,306,363
141580.48 5TH AVE PRIV EQUITY 15 T1	AT COST	132,337	132,334

- TIN:

TY 2020 LegalFeesSchedule

Name:

RICK AND SUSAN GOINGS FOUNDATION

EIN:

26-0769554

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	7,022	7,022		0

- TIN:

TY 2020 OtherExpensesSchedule

Name:

RICK AND SUSAN GOINGS FOUNDATION

EIN:

26-0769554

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER EXPENSES FROM PARTNERSHIP- FAPE 15	40	40		0
OTHER EXPENSES FROM PARTNERSHIP- FAPE 5	4,484	4,484		0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

RICK AND SUSAN GOINGS FOUNDATION

EIN:

26-0769554

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME- FAPE 15	2,738	2,738	2,738

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

RICK AND SUSAN GOINGS FOUNDATION

EIN:

26-0769554

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT SERVICE FEE	55,206	55,206	0
INVESTMENT FEES FROM PARTNERSHIP	11,994	11,994	0
CONSULTANT FEES	100,000	0	100,000
ADR FEES	13	13	0

- TIN:

TY 2020 TaxesSchedule

Name:

RICK AND SUSAN GOINGS FOUNDATION

EIN:

26-0769554

Category	Amount	Net Investment Income
FOREIGN TAX	259	77
2020 ESTIMATED TAX PAYMENTS	6,000	0
PRIOR YEAR EXCISE TAX	32,900	0