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
LELA D JACKSON FOUNDATION FOR THE ARTS CO
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 49348
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SARASOTA, FL34230
A Employer identification number

45-6204531
B Telephone number (see instructions)

(312) 461-5154
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$10,390,826J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 160,861 160,861  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 29,561
b Gross sales price for all assets on line 6a 2,919,593
7 Capital gain net income (from Part IV, line 2)... 29,561
8 Net short-term capital gain......... 0
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)....... 1,182    
12 Total. Add lines 1 through 11........ 191,604 190,422  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 142,547 71,274   71,274
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 356 179 0 179
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,913 1,177   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 145,816 72,630 0 71,453
25 Contributions, gifts, grants paid....... 365,000 365,000
26 Total expenses and disbursements. Add lines 24 and 25 510,816 72,630 0 436,453
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -319,212
b Net investment income (if negative, enter -0-) 117,792
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 388,254 316,565 316,565
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 51,898 Click to see attachment210,065 214,608
b Investments—corporate stock (attach schedule)....... 540,547 Click to see attachment696,008 996,205
c Investments—corporate bonds (attach schedule)....... 1,061,952 Click to see attachment808,827 843,114
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,335,047 Click to see attachment5,029,449 Click to see attachment8,020,334
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,377,698 7,060,914 10,390,826
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)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 7,377,698 7,060,914
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)..... 7,377,698 7,060,914
30 Total liabilities and net assets/fund balances (see instructions). 7,377,698 7,060,914
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
7,377,698
2
Enter amount from Part I, line 27a .....................
2
-319,212
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,428
4
Add lines 1, 2, and 3 ..........................
4
7,060,914
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,060,914
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 90. APPLIED MATERIALS INC COMMON STOCK   2019-02-25 2020-01-27
b 55. CADENCE DESIGN SYSTEM INC COMMON STOCK   2018-11-19 2020-01-27
c 60. CHEVRON TEXACO INC COMMON STOCK   2017-05-18 2020-01-27
d 165. COMCAST CORP-CLASS A   2014-03-20 2020-01-27
e 95. OSHKOSH TRUCK CORPORATION COMMON STOCK CLASS B   2018-12-21 2020-01-27
20. ZEBRA TECHNOLOGIES CORP COMMON STOCK CL A   2019-01-18 2020-01-27
300. ISHARES CORE MSCI EMERGING   2018-07-12 2020-03-02
5000. VANGUARD FTSE EMERGING MARKE   2018-05-11 2020-03-02
19489.704 ARTISAN HIGH INCOME-INST   2018-01-11 2020-03-18
15128.594 CALAMOS MRKT NEU INC-I   2019-08-12 2020-03-18
7348.604 GATEWAY FUND-Y   2016-05-23 2020-03-18
6857.14 AMGEN INC 3.875% 15 NOV 2021   2019-12-31 2020-03-23
50000. NUTRIEN LTD 4.875% 30 MAR 2020   2014-12-02 2020-03-30
3350. VANGUARD FTSE ALL-WORLD EX-U   2017-10-31 2020-04-08
125. AGCO CORPORATION COMMON STOCK   2019-07-19 2020-04-14
820. AES CORPORATION COMMON STOCK   2018-08-21 2020-04-14
115. ALEXION PHARMACEUTICALS INC COMMON STOCK   2020-01-27 2020-04-14
50. ALLSTATE CORPORATION COMMON STOCK   2019-11-27 2020-04-14
50. ALLSTATE CORPORATION COMMON STOCK   2018-12-21 2020-04-14
20. ALPHABET INC-CL C   2015-09-18 2020-04-14
65. AMERICAN EXPRESS COMPANY CAPITAL STOCK   2017-12-21 2020-04-14
5. AUTOZONE INC COMMON STOCK   2018-06-27 2020-04-14
235. BAKER HUGHES CO   2020-01-27 2020-04-14
135. BAXTER INTERNATIONAL INC COMMON STOCK   2019-11-01 2020-04-14
475. CABOT OIL & GAS CORPORATION CLASS A COMMON STOCK   2019-11-27 2020-04-14
75. CADENCE DESIGN SYSTEM INC COMMON STOCK   2018-11-19 2020-04-14
50. CAPITAL ONE FINANCIAL CORP COMMON STOCK   2018-03-22 2020-04-14
35. CATERPILLAR INC COMMON STOCK   2019-01-18 2020-04-14
315. CITIGROUP INC   2016-02-22 2020-04-14
345. CITIZENS FINANCIAL GROUP   2019-03-22 2020-04-14
230. CONOCOPHILLIPS   2018-07-19 2020-04-14
145. DISCOVER FINANCIAL SERVICES   2014-03-20 2020-04-14
165. DISCOVERY COMMUNICATIONS-A   2019-05-16 2020-04-14
60. DOLLAR GENERAL CORP   2018-08-21 2020-04-14
45. ESSEX PROPERTY TRUST INC COMMON STOCK   2017-03-16 2020-04-14
35. EXPEDIA GROUP INC   2019-07-19 2020-04-14
35. EXPEDIA GROUP INC   2018-12-21 2020-04-14
35. FACEBOOK INC-CLASS A   2019-11-27 2020-04-14
45. FORTINET INC   2017-12-21 2020-04-14
35. GRAINGER W W INC COMMON STOCK   2018-06-27 2020-04-14
35. HERSHEY FOODS CORPORATION COMMON STOCK   2019-05-16 2020-04-14
85. HILL-ROM HOLDINGS INC   2017-02-17 2020-04-14
275. HOLOGIC INC COMMON STOCK   2019-11-27 2020-04-14
80. HUBBELL INC   2019-11-27 2020-04-14
20. INTEL CORPORATION COMMON STOCK   2018-06-27 2020-04-14
170. JABIL CIRCUIT INC COMMON STOCK   2019-12-19 2020-04-14
30. LAUDER ESTEE COMPANIES INC CLASS A COMMON STOCK   2018-05-21 2020-04-14
25. LAUDER ESTEE COMPANIES INC CLASS A COMMON STOCK   2019-06-28 2020-04-14
40. LILLY ELI & COMPANY COMMON STOCK   2017-09-21 2020-04-14
140. LOWES COMPANIES INC COMMON STOCK   2016-02-22 2020-04-14
95. MARATHON PETROLEUM CORP COM   2018-03-22 2020-04-14
85. MAXIM INTEGRATED PRODUCTS INC COMMON STOCK   2019-12-19 2020-04-14
145. MERCK & CO. INC.   2019-03-22 2020-04-14
120. MERCK & CO. INC.   2019-06-28 2020-04-14
20. MICROSOFT CORPORATION COMMON STOCK   2018-12-21 2020-04-14
140. NRG ENERGY INC   2019-12-19 2020-04-14
225. NATIONAL INSTRUMENTS CORPORATION COMMON STOCK   2020-01-27 2020-04-14
70. NIKE INC CLASS B COMMON STOCK   2018-10-22 2020-04-14
235. ORACLE CORPORATION COMMON STOCK   2019-07-19 2020-04-14
135. POST HOLDINGS INC   2019-03-22 2020-04-14
135. RAYMOND JAMES FINANCIAL INC COMMON STOCK   2019-04-29 2020-04-14
85. REGAL BELOIT CORP COMMON STOCK   2019-01-18 2020-04-14
30. REINSURANCE GROUP OF AMERICA   2019-10-02 2020-04-14
255. SOUTHWEST AIRLINES COMPANY COMMON STOCK   2018-03-22 2020-04-14
95. SYSCO CORPORATION COMMON STOCK   2018-04-20 2020-04-14
55. SYSCO CORPORATION COMMON STOCK   2019-12-19 2020-04-14
70. TAKE-TWO INTERACTIVE SOFTWRE   2020-01-27 2020-04-14
70. TARGET CORP COMMON STOCK   2019-12-19 2020-04-14
90. TRAVELERS COS INC/THE   2019-11-01 2020-04-14
40. UNITED RENTALS INC COMMON STOCK   2019-06-28 2020-04-14
40. WAL-MART STORES INC COMMON STOCK   2017-06-26 2020-04-14
50. JAZZ PHARMACEUTICALS PLC   2019-12-19 2020-04-14
13433.638 JPM OPPORT EQ LNG/SHRT-R6   2018-08-13 2020-05-15
5000. VANGUARD FTSE EMERGING MARKE   2016-05-10 2020-05-15
3500. VANGUARD REAL ESTATE ETF   2016-05-23 2020-05-15
75000. HP INC 4.65% 09/12/2021   2014-12-02 2020-06-17
25000. EBAY INC 3.25% 15 OCT 2020   2014-03-27 2020-07-23
16980.896 ANGEL OAK MULTI-STR INC-INST   2018-12-26 2020-08-18
45. BECTON DICKINSON & COMPANY COMMON STOCK   2020-04-14 2020-08-18
20. DIGITAL REALTY TRUST INC   2020-04-14 2020-08-18
250. INTEL CORPORATION COMMON STOCK   2018-12-21 2020-08-18
8. ACTIVISION BLIZZARD INC   2020-04-14 2020-09-28
7. ADOBE SYSTEMS INC COMMON STOCK   2020-04-14 2020-09-28
1. ALPHABET INC-CL A   2020-04-14 2020-09-28
3. AMERICAN TOWER CORP   2020-08-18 2020-09-28
91. BANK AMERICA CORP COMMON STOCK   2020-04-14 2020-09-28
175. BANK AMERICA CORP COMMON STOCK   2019-03-22 2020-09-28
16. BERKSHIRE HATHAWAY INC-CL B   2020-04-14 2020-09-28
121. CISCO SYSTEMS INC COMMON STOCK   2020-04-14 2020-09-28
40. CLOROX COMPANY COMMON STOCK   2020-04-14 2020-09-28
206. COMCAST CORP-CLASS A   2020-04-14 2020-09-28
7. COSTCO WHSL CORP NEW COMMON STOCK   2020-04-14 2020-09-28
85. DIGITAL REALTY TRUST INC   2020-04-14 2020-09-28
26. GILEAD SCIENCES INC COMMON STOCK   2020-04-14 2020-09-28
16. GOLDMAN SACHS GROUP INC COMMON STOCK   2020-04-14 2020-09-28
4. ILLINOIS TOOL WORKS INC COMMON STOCK   2020-04-14 2020-09-28
8. J P MORGAN CHASE & COCOMMON STOCK   2020-04-14 2020-09-28
7. JOHNSON & JOHNSON COMMON STOCK   2020-04-14 2020-09-28
3. LAM RESEARCH CORPORATION COMMON STOCK   2020-04-14 2020-09-28
12. LULULEMON ATHLETICA INC   2020-04-14 2020-09-28
14. MASTERCARD INC - A   2020-04-14 2020-09-28
19. MC DONALDS CORPORATION COMMON STOCK   2020-04-14 2020-09-28
102. MORGAN STANLEY DEAN WITTER DISCV COMMON STOCK NEW   2019-02-25 2020-09-28
7. NETFLIX.COM INC COM   2020-04-14 2020-09-28
1. NEXTERA ENERGY INC   2020-04-14 2020-09-28
50. PAYPAL HOLDINGS INC   2020-04-14 2020-09-28
26. PROCTER & GAMBLE COMPANY COMMON STOCK   2019-11-01 2020-09-28
14. SALESFORCE.COM INC   2020-04-14 2020-09-28
65. TJX COMPANIES INC NEW COMMON STOCK   2020-04-14 2020-09-28
3. TEXAS INSTRUMENTS INC COMMON STOCK   2020-08-18 2020-09-28
2. THERMO ELECTRON CORPORATION COMMON STOCK   2020-04-14 2020-09-28
29. UNION PACIFIC CORPORATION COMMON STOCK   2020-04-14 2020-09-28
10. UNITEDHEALTH GROUP INC COMMON STOCK   2020-04-14 2020-09-28
41. VERIZON COMMUNICATIONS COMMON STOCK   2020-04-14 2020-09-28
50000. CHUBB INA HOLDINGS INC 2.3% 03 NOV 2020   2016-06-27 2020-11-03
2130. ISHARES RUSSELL MID-CAP VALU   2017-01-03 2020-11-04
25.8083 VIATRIS INC   2020-09-28 2020-11-24
20.1917 VIATRIS INC   2018-03-22 2020-11-24
.9018 VIATRIS INC   2018-03-22 2020-11-25
33142.86 AMGEN INC 3.875% 15 NOV 2021   2019-12-31 2020-12-16
50000. ANHEUSER-BUSCH INBEV FIN 3.7% 01/02/2024   2016-02-03 2020-12-16
341. PPL CORPORATION COMMON STOCK   2020-09-28 2020-12-22
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 5,349   3,594 1,755
b 4,019   2,376 1,643
c 6,630   6,323 307
d 7,291   4,163 3,128
e 8,363   5,701 2,662
4,873   3,557 1,316
14,742   15,876 -1,134
204,445   213,067 -8,622
159,426   195,084 -35,658
188,502   200,000 -11,498
223,104   215,499 7,605
6,857   7,079 -222
50,000   56,040 -6,040
140,903   150,600 -9,697
6,241   9,137 -2,896
11,448   10,817 631
11,444   12,826 -1,382
5,014   5,615 -601
5,014   4,039 975
25,324   12,660 12,664
5,657   6,414 -757
4,878   3,371 1,507
3,058   5,253 -2,195
11,819   11,046 773
9,329   10,084 -755
5,668   3,240 2,428
2,740   4,826 -2,086
4,076   4,779 -703
14,074   12,439 1,635
7,007   12,265 -5,258
7,809   13,398 -5,589
5,132   8,402 -3,270
3,673   4,590 -917
10,595   6,080 4,515
11,165   10,321 844
2,150   4,759 -2,609
2,150   3,907 -1,757
6,301   6,917 -616
4,870   1,997 2,873
9,933   10,922 -989
5,122   4,483 639
9,615   5,442 4,173
11,512   13,496 -1,984
9,820   11,593 -1,773
1,200   988 212
4,438   7,131 -2,693
4,933   4,410 523
4,111   4,575 -464
6,011   3,337 2,674
13,809   9,691 4,118
2,455   6,931 -4,476
4,514   5,205 -691
11,968   11,780 188
9,905   9,722 183
3,437   1,993 1,444
4,230   5,690 -1,460
8,369   10,095 -1,726
6,075   5,251 824
12,636   13,484 -848
12,452   13,299 -847
8,952   12,363 -3,411
5,863   6,422 -559
3,175   4,612 -1,437
8,964   8,131 833
4,597   5,795 -1,198
2,661   4,652 -1,991
8,694   8,646 48
7,524   9,013 -1,489
9,657   11,784 -2,127
4,276   5,327 -1,051
5,154   3,030 2,124
5,494   7,605 -2,111
252,955   250,000 2,955
178,455   167,278 11,177
237,406   248,009 -10,603
79,256   79,541 -285
25,000   25,705 -705
172,356   187,500 -15,144
11,870   11,266 604
3,132   2,928 204
12,235   12,059 176
653   509 144
3,411   2,351 1,060
1,456   1,260 196
721   764 -43
2,193   2,147 46
4,218   4,770 -552
3,420   3,079 341
4,717   5,141 -424
8,453   7,677 776
9,600   7,776 1,824
2,441   2,169 272
12,386   12,442 -56
1,630   1,987 -357
3,186   2,840 346
783   623 160
771   772 -1
1,031   1,025 6
1,009   815 194
3,816   2,465 1,351
4,734   3,820 914
4,191   3,489 702
4,947   4,348 599
3,418   2,910 508
285   241 44
9,588   5,512 4,076
3,585   3,221 364
3,446   2,203 1,243
3,612   3,248 364
424   417 7
857   649 208
5,794   4,343 1,451
3,042   2,708 334
2,432   2,364 68
50,000   51,357 -1,357
181,487   140,043 41,444
436   396 40
341   307 34
15   14 1
34,184   34,214 -30
55,185   55,185  
8,965   9,106 -141
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
      57,369
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       1,755
b       1,643
c       307
d       3,128
e       2,662
      1,316
      -1,134
      -8,622
      -35,658
      -11,498
      7,605
      -222
      -6,040
      -9,697
      -2,896
      631
      -1,382
      -601
      975
      12,664
      -757
      1,507
      -2,195
      773
      -755
      2,428
      -2,086
      -703
      1,635
      -5,258
      -5,589
      -3,270
      -917
      4,515
      844
      -2,609
      -1,757
      -616
      2,873
      -989
      639
      4,173
      -1,984
      -1,773
      212
      -2,693
      523
      -464
      2,674
      4,118
      -4,476
      -691
      188
      183
      1,444
      -1,460
      -1,726
      824
      -848
      -847
      -3,411
      -559
      -1,437
      833
      -1,198
      -1,991
      48
      -1,489
      -2,127
      -1,051
      2,124
      -2,111
      2,955
      11,177
      -10,603
      -285
      -705
      -15,144
      604
      204
      176
      144
      1,060
      196
      -43
      46
      -552
      341
      -424
      776
      1,824
      272
      -56
      -357
      346
      160
      -1
      6
      194
      1,351
      914
      702
      599
      508
      44
      4,076
      364
      1,243
      364
      7
      208
      1,451
      334
      68
      -1,357
      41,444
      40
      34
      1
      -30
       
      -141
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 29,561
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,637
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 1,637
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 1,637
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,736
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,736
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 99
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 99
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)
    bulletFL
    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 ofbulletBMO HARRIS BANK NA, ATTN HECTOR AHUMADA Telephone no.bullet (312) 461-5154

    Located atbullet111 WEST MONROE STREET 12WCHICAGOIL ZIP+4bullet60603
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SHIRLEY IRONS FAIST CO-TRUSTEE
    1     		71,274    
    PO BOX 49348
    SARASOTA,FL34230
    BMO HARRIS BANK NA CO-TRUSTEE
    1     		71,274    
    111 WEST MONROE STREET 111/12W
    CHICAGO,IL60603
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    8,784,165
    b
    Average of monthly cash balances.......................
    1b
    343,823
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,127,988
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,127,988
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    136,920
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,991,068
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    449,553
    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
    449,553
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,637
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,637
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    447,916
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    447,916
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    447,916
    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
    436,453
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    436,453
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    436,453
    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 7 447,916
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 352,799
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 436,453
    a Applied to 2019, but not more than line 2a 352,799
    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..... 83,654
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		364,262
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    COMMUNITY FDN OF SARASOTA CTY
    2635 FRUITVILLE RD
    SARASOTA,FL34237     		NONE PC L JACKSON SCHOLARSHIP FD 225,000
    SARASOTA BALLET
    5555 N TAMIAMI TRAIL
    Sarasota,FL34243     		NONE PC PROGRAM SUPPORT 20,000
    VISIBLE MEN ACADEMY
    921 63RD AVENUE EAST
    BRADENTON,FL34203     		NONE PC PROGRAM SUPPORT 20,000
    EDUCATION FOUNDATION OF SARASOTA COUNTY
    1960 LANDINGS BLVD
    SARASOTA,FL34231     		NONE PC EDUCATIONAL PROGRAM SUPPORT 100,000
    Total .................................bullet 3a 365,000
    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 ...........     		         
    4 Dividends and interest from securities....     14 160,861  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 29,561  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER REVENUE     		    1 1,182  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   191,604  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    191,604
    (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 InvestmentsCorpBondsSchedule
    Name:
    LELA D JACKSON FOUNDATION FOR THE ARTS CO
    EIN:
    45-6204531
    Name of Bond End of Year Book Value End of Year Fair Market Value
    001055AM4 AFLAC INC 3.625% 15 51,689 55,711
    00440EAR8 CHUBB INA HOLDINGS I 53,184 54,586
    00440EAT4 CHUBB INA HOLDINGS I    
    031162BM1 AMGEN INC 3.875% 15    
    031162BN9 AMGEN INC 3.625% 15 52,508 51,804
    03524BAE6 ANHEUSER-BUSCH INBEV    
    06051GFX2 BANK OF AMERICA CORP 30,150 34,000
    172967FT3 CITIGROUP INC 4.5% 1 53,514 52,134
    20030NBW0 COMCAST CORP 2.35% 1 74,634 80,701
    25746UCE7 DOMINION ENERGY INC 31,092 34,085
    26441CAL9 DUKE ENERGY CORP 3.9 54,256 54,357
    278642AC7 EBAY INC 3.25% 15 OC    
    278865AU4 ECOLAB INC 3.25% 14 51,449 52,620
    377373AD7 GLAXOSMITHKLINE CAPI 48,848 51,712
    428236BV4 HP INC 4.65% 09 DEC    
    46625HJH4 JPMORGAN CHASE & CO 49,233 52,931
    67077MAB4 NUTRIEN LTD 4.875% 3    
    718172AK5 PHILIP MORRIS INTL I 54,195 50,678
    718546AC8 PHILLIPS 66 4.3% 01 52,103 52,363
    767201AS5 RIO TINTO FIN USA LT 52,575 56,436
    92343VDD3 VERIZON COMMUNICATIO 46,656 54,788
    606822BA1 MITSUBISHI UFJ FIN G 52,741 54,208

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    LELA D JACKSON FOUNDATION FOR THE ARTS CO
    EIN:
    45-6204531
    Name of Stock End of Year Book Value End of Year Fair Market Value
    001084102 AGCO CORP    
    00130H105 AES CORP    
    00971T101 AKAMAI TECHNOLOGIES 12,100 13,124
    015351109 ALEXION PHARMACEUTIC    
    020002101 ALLSTATE CORP    
    02079K107 ALPHABET INC-CL C    
    023135106 AMAZON.COM INC 27,547 48,854
    025816109 AMERICAN EXPRESS CO    
    037833100 APPLE INC 24,722 63,957
    038222105 APPLIED MATERIALS IN    
    053332102 AUTOZONE INC    
    060505104 BANK OF AMERICA CORP 8,940 11,487
    071813109 BAXTER INTERNATIONAL    
    127097103 CABOT OIL & GAS CORP    
    127387108 CADENCE DESIGN SYS I    
    14040H105 CAPITAL ONE FINANCIA    
    149123101 CATERPILLAR INC    
    166764100 CHEVRON CORP 13,780 15,708
    172967424 CITIGROUP INC    
    174610105 CITIZENS FINANCIAL G    
    20030N101 COMCAST CORP-CLASS A 8,407 15,406
    20825C104 CONOCOPHILLIPS    
    254709108 DISCOVER FINANCIAL S    
    25470F104 DISCOVERY INC - A    
    256677105 DOLLAR GENERAL CORP    
    30212P303 EXPEDIA GROUP INC    
    30303M102 FACEBOOK INC-CLASS A 13,132 19,668
    34959E109 FORTINET INC    
    384802104 WW GRAINGER INC    
    427866108 HERSHEY CO/THE    
    431475102 HILL-ROM HOLDINGS IN    
    436440101 HOLOGIC INC    
    443510607 HUBBELL INC    
    458140100 INTEL CORP    
    466313103 JABIL INC    
    518439104 ESTEE LAUDER COMPANI    
    532457108 ELI LILLY & CO 8,914 15,702
    548661107 LOWE'S COS INC    
    56585A102 MARATHON PETROLEUM C    
    57772K101 MAXIM INTEGRATED PRO    
    58933Y105 MERCK & CO. INC.    
    594918104 MICROSOFT CORP 20,447 58,496
    617446448 MORGAN STANLEY 11,263 19,394
    629377508 NRG ENERGY INC    
    654106103 NIKE INC -CL B    
    68389X105 ORACLE CORP    
    688239201 OSHKOSH CORP    
    717081103 PFIZER INC 12,978 13,914
    737446104 POST HOLDINGS INC    
    742718109 PROCTER & GAMBLE CO/ 12,011 13,775
    754730109 RAYMOND JAMES FINANC    
    758750103 REGAL BELOIT CORP    
    759351604 REINSURANCE GROUP OF    
    844741108 SOUTHWEST AIRLINES C    
    871829107 SYSCO CORP    
    87612E106 TARGET CORP 9,253 10,415
    89417E109 TRAVELERS COS INC/TH    
    911363109 UNITED RENTALS INC    
    92826C839 VISA INC-CLASS A SHA 15,044 24,935
    931142103 WALMART INC 11,282 19,316
    989207105 ZEBRA TECHNOLOGIES C    
    G50871105 JAZZ PHARMACEUTICALS    
    00507V109 ACTIVISION BLIZZARD 7,129 10,399
    00724F101 ADOBE INC 12,764 19,005
    02079K305 ALPHABET INC-CL A 23,945 33,300
    058498106 BALL CORP 7,468 10,343
    084670702 BERKSHIRE HATHAWAY I 12,316 14,840
    09247X101 BLACKROCK INC 16,009 23,811
    17275R102 CISCO SYSTEMS INC 9,942 10,472
    191216100 COCA-COLA CO/THE 9,122 10,145
    22160K105 COSTCO WHOLESALE COR 16,422 19,969
    247361702 DELTA AIR LINES INC 9,182 11,741
    254687106 WALT DISNEY CO/THE 11,635 19,749
    278865100 ECOLAB INC 12,435 14,929
    375558103 GILEAD SCIENCES INC 16,736 12,759
    38141G104 GOLDMAN SACHS GROUP 12,250 18,196
    437076102 HOME DEPOT INC 14,733 17,797
    438516106 HONEYWELL INTERNATIO 11,727 17,654
    452308109 ILLINOIS TOOL WORKS 11,063 14,475
    46625H100 JPMORGAN CHASE & CO 14,184 18,679
    478160104 JOHNSON & JOHNSON 13,621 14,636
    512807108 LAM RESEARCH CORP 11,410 19,835
    539830109 LOCKHEED MARTIN CORP 18,459 16,684
    550021109 LULULEMON ATHLETICA 8,831 14,965
    571903202 MARRIOTT INTERNATION 9,138 12,532
    57636Q104 MASTERCARD INC - A 11,186 14,635
    580135101 MCDONALD'S CORP 7,530 8,798
    64110L106 NETFLIX INC 15,795 20,548
    65339F101 NEXTERA ENERGY INC 15,396 19,750
    67066G104 NVIDIA CORP 13,997 14,099
    70450Y103 PAYPAL HOLDINGS INC 13,229 28,104
    79466L302 SALESFORCE.COM INC 8,813 12,462
    855244109 STARBUCKS CORP 7,919 11,447
    872540109 TJX COMPANIES INC 8,245 11,268
    882508104 TEXAS INSTRUMENTS IN 13,480 15,921
    883556102 THERMO FISHER SCIENT 13,946 20,029
    88579Y101 3M CO 8,964 8,914
    907818108 UNION PACIFIC CORP 6,889 9,578
    91324P102 UNITEDHEALTH GROUP I 16,250 21,041
    92343V104 VERIZON COMMUNICATIO 8,878 9,048
    94106L109 WASTE MANAGEMENT INC 11,881 14,152
    G5960L103 MEDTRONIC PLC 13,269 15,345

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    LELA D JACKSON FOUNDATION FOR THE ARTS CO
    EIN:
    45-6204531
    US Government Securities - End of Year Book Value:

    210,065
    US Government Securities - End of Year Fair Market Value:

    214,608
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 LegalFeesSchedule
    Name:
    LELA D JACKSON FOUNDATION FOR THE ARTS CO
    EIN:
    45-6204531
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 121 61   61
    LEGAL FEES - INCOME (ALLOCABLE 235 118   118


    TY 2020 OtherAssetsSchedule
    Name:
    LELA D JACKSON FOUNDATION FOR THE ARTS CO
    EIN:
    45-6204531
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    00766Y513 CHAMPLAIN MID CAP FU 175,000 275,000 355,144
    00770G847 JOHCM INTERNATIONAL 215,000 265,000 380,603
    03463K406 ANGEL OAK MULTI-STR 187,500 0 0
    04314H592 ARTISAN DEVELOPING W 15,000 365,000 654,170
    04314H717 ARTISAN HIGH INCOME- 195,084 0 0
    XXX-XX-XXXX CALAMOS MRKT NEU INC 200,000 0 0
    XXX-XX-XXXX ESSEX PROPERTY TRUST 10,321 0 0
    XXX-XX-XXXX GATEWAY FUND-Y 215,499 0 0
    46090E103 INVESCO QQQ TRUST SE 225,305 225,305 627,480
    XXX-XX-XXXX ISHARES RUSSELL MID- 140,043 0 0
    XXX-XX-XXXX ISHARES RUSSELL MID- 153,949 218,629 486,561
    XXX-XX-XXXX ISHARES RUSSELL 1000 48,103 95,935 241,140
    XXX-XX-XXXX ISHARES RUSSELL 2000 153,996 153,996 210,800
    XXX-XX-XXXX ISHARES RUSSELL 2000 219,627 219,627 458,720
    46434G103 ISHARES CORE MSCI EM 15,876 0 0
    46641U861 JPM OPPORT EQ LNG/SH 250,000 0 0
    55273E822 MFS INTL INTRINSIC V 193,423 193,423 277,979
    77956H377 T ROWE PRICE INTL DI 303,948 303,948 499,171
    78462F103 SPDR TRUST SERIES 1 873,992 873,992 1,402,050
    XXX-XX-XXXX VANGUARD FTSE ALL-WO 150,600 0 0
    XXX-XX-XXXX VANGUARD FTSE EMERGI 380,345 0 0
    XXX-XX-XXXX VANGUARD REAL ESTATE 251,682 0 0
    XXX-XX-XXXX VANGUARD TOTAL STOCK 760,754 760,754 1,265,160
    03027X100 AMERICAN TOWER CORP   14,519 12,794
    09260C307 BLCKRCK SYST MULTI-S   250,000 249,014
    XXX-XX-XXXX PIMCO HIGH YIELD FUN   275,000 284,396
    74340W103 PROLOGIS INC   14,334 13,753
    89832P705 INFINITY Q DIVERS AL   250,000 248,474
    XXX-XX-XXXX VANGUARD DIVIDEND AP   274,987 352,925


    TY 2020 OtherIncreasesSchedule
    Name:
    LELA D JACKSON FOUNDATION FOR THE ARTS CO
    EIN:
    45-6204531
    Description Amount
    COST BASIS ADJUSTMENT 2,428


    TY 2020 TaxesSchedule
    Name:
    LELA D JACKSON FOUNDATION FOR THE ARTS CO
    EIN:
    45-6204531
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL ESTIMATES - PRINCIPAL 1,736 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,086 1,086   0
    FOREIGN TAXES ON NONQUALIFIED 91 91   0