Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
LA-Z-BOY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)ONE LA-Z-BOY DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MONROE, MI48162
A Employer identification number

38-6087673
B Telephone number (see instructions)

(734) 242-1444
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$28,732,335J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,191 1,191  
4 Dividends and interest from securities... 759,949 759,949  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,344,152
b Gross sales price for all assets on line 6a 13,710,595
7 Capital gain net income (from Part IV, line 2)... 2,344,152
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 23,099 23,099  
12 Total. Add lines 1 through 11........ 3,128,391 3,128,391  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,700      
c Other professional fees (attach schedule).... Click to see attachment 75,846 75,846    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 51,500      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 129      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,720      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 134,895 75,846   0
25 Contributions, gifts, grants paid....... 1,360,222 1,360,222
26 Total expenses and disbursements. Add lines 24 and 25 1,495,117 75,846   1,360,222
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,633,274
b Net investment income (if negative, enter -0-) 3,052,545
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 42,683 124,770 124,770
2 Savings and temporary cash investments......... 302,085 263,190 313,242
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 7,115,210 7,859,603 8,221,610
b Investments—corporate stock (attach schedule)....... 14,509,066 Click to see attachment15,354,755 20,072,713
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,969,044 23,602,318 28,732,335
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........ 21,969,044 23,602,318
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)..... 21,969,044 23,602,318
30 Total liabilities and net assets/fund balances (see instructions). 21,969,044 23,602,318
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
21,969,044
2
Enter amount from Part I, line 27a .....................
2
1,633,274
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
23,602,318
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,602,318
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 COMERICA P    
b COMERICA P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,673,102   4,673,102  
b 8,201,030   6,693,341 1,507,689
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b       1,507,689
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,344,152
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		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 42,430
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 42,430
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 42,430
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 55,332
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 55,332
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 12,902
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet12,902 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    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 ofbulletSUSAN J VANISACKER Telephone no.bullet (734) 242-1444

    Located atbulletONE LA-Z-BOY DRIVEMONROEMI ZIP+4bullet48162
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SUSAN J VANISACKER ADMIN/TREASU
    000.00     		0 0 0
    ONE LA-Z-BOY DRIVE
    MONROE,MI48162
    CHRISTOPHER KNABUSCH PRESIDENT
    000.00     		0 0 0
    ONE LA-Z-BOY DRIVE
    MONROE,MI48162
    BETH A LAMBRIX SECRETARY
    000.00     		0 0 0
    ONE LA-Z-BOY DRIVE
    MONROE,MI48162
    KURT L DARROW DIRECTOR
    000.00     		0 0 0
    ONE LA-Z-BOY DRIVE
    MONROE,MI48162
    GREG A BRINKS DIRECTOR
    000.00     		0 0 0
    ONE LA-Z-BOY DRIVE
    MONROE,MI48162
    R RAND TUCKER DIRECTOR
    000.00     		0 0 0
    ONE LA-Z-BOY DRIVE
    MONROE,MI48162
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    25,169,468
    b
    Average of monthly cash balances.......................
    1b
    538,793
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,708,261
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    25,708,261
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    385,624
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    25,322,637
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,266,132
    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
    1,266,132
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    42,430
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    42,430
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,223,702
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,223,702
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,223,702
    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
    1,360,222
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,360,222
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,360,222
    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 1,223,702
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 88,170
    b From 2016...... 77,118
    c From 2017...... 62,011
    d From 2018...... 95,458
    e From 2019...... 98,195
    fTotal of lines 3a through e........ 420,952
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,360,222
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 1,223,702
    e Remaining amount distributed out of corpus 136,520
    5 Excess distributions carryover applied to 2020.    
    (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 5 557,472
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		88,170
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		469,302
    10 Analysis of line 9:
    a Excess from 2016.... 77,118
    b Excess from 2017.... 62,011
    c Excess from 2018.... 95,458
    d Excess from 2019.... 98,195
    e Excess from 2020.... 136,520
    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 e-mail address of the person to whom applications should be addressed:
    LA-Z-BOY FOUNDATION
    ATTENTION SUSAN VANISACKER ADMIN
    ONE LA-Z-BOY DRIVE
    MONROE,MI48162
    (734) 242-1444
    bThe form in which applications should be submitted and information and materials they should include:
    ALL QUALIFIED TAX EXEMPT ORGANIZATIONS SEEKING AID FROM THE FOUNDATION SHOULD MAKE AN INITIAL APPROACH BY LETTER BRIEFLY DESCRIBING THE BASIC NEED. THE FOUNDATION DOES NOT PROVIDE FORMAL GRANT APPLICATION FORMS AND THERE IS NO ESTABLISHED PROCEDURE FOR SUBMITTING REQUESTS. ELABORATE PRESENTATIONS ARE NOT NECESSARY. ADDITIONAL INFORMATION MAY BE REQUESTED BY THE FOUNDATION AFTER PERSONAL INTERVIEWS WITH APPLICANTS UPON THE FOUNDATION'S INITIATIVE. REQUESTS ARE GENERALLY REVIEWED QUARTERLY IN MARCH, JUNE, SEPTEMBER AND DECEMBER.
    cAny submission deadlines:
    NONE NOTED
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION GENERALLY ADHERES TO THE FOLLOWING GUIDELINES. 1. THE GEOGRAPHIC AREAS FOR GRANT CONSIDERATION ARE NORMALLY LIMITED TO COMMUNITIES WITHIN THE UNITED STATES WHERE LA-Z-BOY INCORPORATED MANUFACTURING FACILITIES ARE LOCATED AND WITHIN A 30 MILE RADIUS OF CORPORATE HEADQUARTERS. 2. THE FOUNDATION DOES NOT MAKE DIRECT GRANTS TO INDIVIDUALS. 3. THE FOUNDATION DOES NOT MAKE GRANTS FOR TRAVEL AND CONFERENCES. 4. THE FOUNDATION DOES NOT MAKE LOANS. 5. THE FOUNDATION DOES NOT PROVIDE STARTUP FUNDS OF SEED MONEY.
    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
    ABILITY TREE
    PO BOX 6929
    SILOAM SPRINGS,AR72761     		    HUMAN SERVICES 45,000
    ALEXANDER COUNTY UNITED WAY
    1567 NC-90
    TAYLORSVILLE,NC28681     		    HUMAN SERVICES 5,000
    AMERICAN LEGION SILOAM POST 29
    110 N MT OLIVE
    PO BOX 35
    SILOAM SPRINGS,AR72761     		    PUBLIC BENEFIT 3,500
    AMERICAN RED CROSS
    7800 OUTER DRIVE WEST
    DETROIT,MI48503     		    HUMAN SERVICES 35,000
    AMERICAN RED CROSS SE TENNESSEE
    4115 S ACCESS RD
    CHATTANOOGA,TN37406     		    HUMAN SERVICES 7,000
    ANIMAL SHELTER ALLIANCE OF RHEA
    9118 BACK VALLEY RD
    EVENSVILLE,TN37332     		    PUBLIC BENEFIT 3,500
    BLEADSOE CO IMAGINATION LIBRARY
    PO BOX 369
    PIKEVILLE,TN37367     		    EDUCATION-LIBRARIES 2,400
    BOY'S & GIRL'S CLUB OF WESTERN BENT
    655 HERITAGE COURT
    SILOAM SPRINGS,AR72761     		    HUMAN SERVICES 2,500
    BSA RUNNING WATERS DISTRICT
    3914 BESTECH DR
    YPSILANTI,MI48197     		    HUMAN SERVICES 5,000
    CALDWELL ARTS COUNCIL
    601 COLLEGE AVE SW
    LENOIR,NC28645     		    HUMANITIES-ARTS 2,500
    CALDWELL CO UNITED WAY
    304 MAIN ST SW
    404 406
    LENOIR,NC28645     		    HUMAN SERVICES 10,000
    CALDWELL MEM HOSPITAL FOUNDATION
    639 PENNTON AVE SW
    LENOIR,NC28645     		    HEALTH CARE 2,500
    CENTERS FOR THE DEVELOPMENALLY
    6021 PARKSIDE DRIVE
    MONROE,MI48161     		    HUMAN SERVICES 1,000
    CHATTANOOGA AUTISM CENTER
    1400 MCCALLIE AVE
    1000
    CHATTANOOGA,TN37404     		    EDUCATION-LIBRARIES 4,000
    CHILDREN'S ADVOCACY CENTER OF BENTO
    2113 LITTLE FLOCK DR
    ROGERS,AR72756     		    HUMAN SERVICES 33,000
    CHILDRENS HOME SOCIETY OF NC
    PO BOX 14608
    GREENSBORO,NC27415     		    HUMAN SERVICES 10,000
    CITY OFLUNA PIER
    PO BOX 375
    LUNA PIER,MI48157     		    PUBLIC BENEFIT 5,000
    CLAIBORNE HIGH SCHOOL
    815 DAVIS DR
    NEW TAZEWELL,TN37825     		    EDUCATION-LIBRARIES 5,000
    CLYDE W RODDY PUBLIC LIBRARY
    371 1ST AVE
    DAYTON,TN37321     		    EDUCATION-LIBRARIES 1,000
    COMMUNITIES IN SCHOOL
    2345 CRYSTAL DRIVE
    700
    ARLINGTON,VA22202     		    EDUCATION-LIBRARIES 2,500
    COMMUNITY CLINIC SILOAM SPRINGS
    500 S MT OLIVE ST
    200
    SILOAM SPRINGS,AR72761     		    HEALTH CARE 2,142
    COMMUNITY FOUND OF MONROE CO
    28 S MACOMB ST
    MONROE,MI48161     		    PUBLIC BENEFIT 40,000
    CRIME STOPPERS OF SE MICHIGAN
    18000 W NINE MILE RD
    500
    SOUTHFIELD,MI48075     		    PUBLIC BENEFIT 2,500
    CROWDER COLLEGE FOUNDATION
    601 LACLEDE AVE
    NEOSHO,MO64850     		    EDUCATION-LIBRARIES 37,500
    CUMBERLAND GAP HIGH SCHOOL
    661 OLD JACKBORO PIKE
    CUMBERLAND GAP,TN37724     		    EDUCATION-LIBRARIES 5,000
    DAYTON FIRE DEPARTMENT
    1169 MARKET ST
    B
    DAYTON,TN37321     		    HUMAN SERVICES 10,000
    DECATUR VOLUNTEER FIRE DEPT
    P O BOX 307
    DECATUR,MS39327     		    HUMAN SERVICES 8,000
    DOGWOOD LITERACY COUNCIL
    100 S BROADWAY ST
    H
    SILOAM SPRINGS,AR72761     		    EDUCATION-LIBRARIES 1,500
    DUNDEE AREA SENIOR CENTER
    284 W MONROE ST
    DUNDEE,MI48131     		    PUBLIC BENEFIT 2,500
    EAST CENTRAL COMM COLLEGE FDN
    275 W BROAD ST
    DECATUR,MS39327     		    EDUCATION-LIBRARIES 2,000
    EAST NEWTON R-6 CHARITABLE FOUNDATI
    PO BOX 581
    GRANBY,MO64844     		    EDUCATION-LIBRARIES 15,000
    EDUCATION FOUNDATION CALDWELL CO
    1891 HICKORY BLVD
    LENOIR,NC28645     		    EDUCATION-LIBRARIES 2,500
    FAM COUNSELING & SHELTER SVCS
    14930 LAPIAISANCE RD
    106
    MONROE,MI48161     		    HUMAN SERVICES 15,000
    FIRST SOUTHERN BAPTIST CH
    2827 MAIN ST
    PIKEVILLE,TN37367     		    EDUCATION-LIBRARIES 4,000
    FOUNDATION AT MCCC
    1555 S RAISINVILLE RD
    MONROE,MI48161     		    EDUCATION-LIBRARIES 4,500
    FOUNDATION CALDWELL COMM COLL
    1891 HICKORY BLVD
    LENOIR,NC28645     		    EDUCATION-LIBRARIES 2,500
    FRAZIER ELEMENTARY SCHOOL
    3900 DOUBLE S RD
    DAYTON,TN37321     		    EDUCATION-LIBRARIES 3,000
    FRIENDS OF MISSISSIPPI VETERANS
    PO BOX 452
    UNION,MS39365     		    HUMAN SERVICES 2,500
    GABBY'S LADDER
    2262 N MONROE ST
    MONROE,MI48162     		    HUMAN SERVICES 50,000
    GABBYS GRIEF CENTER
    2262 N MONROE ST
    MONROE,MI48162     		    HUMAN SERVICES 5,000
    GENERATION E INSTITUTE
    247 MICHIGAN AVE W
    BATTLE CREEK,MI49017     		    EDUCATION-LIBRARIES 10,000
    GENESIS HOUSE
    1402 N INGLEWOOD ST
    SILOAM SPRINGS,AR72761     		    HUMAN SERVICES 5,000
    GIRL SCOUTS OF SE MICHIGAN
    1333 BREWERY PARK BLVD
    DETROIT,MI48207     		    EDUCATION-LIBRARIES 5,000
    GRAYSVILLE ELEMENTARY SCHOOL
    606 LONG ST
    GRAYSVILLE,TN37338     		    EDUCATION-LIBRARIES 5,000
    GRAYSVILLE PUBLIC LIBRARY
    136 HARRISON AVE
    GRAYSVILLE,TN37338     		    EDUCATION-LIBRARIES 1,500
    HABITAT FOR HUMANITY MON CO
    14930 LAPLAISANCE RD
    111
    MONROE,MI48161     		    HUMAN SERVICES 30,000
    HEARTBEAT OF MONROE
    123 W 1ST ST
    MONROE,MI48161     		    HUMAN SERVICES 5,000
    HICKORY MISSION FOOD PANTRY
    240 N MAIN
    WHEATLAND,MO65779     		    HUMAN SERVICES 5,000
    HOPE CENTER
    399 ELM ST
    WESTVILLE,OK74965     		    HUMAN SERVICES 5,000
    HUMANE SOCIETY OF MONROE CO
    833 N TELEGRAPH RD
    MONROE,MI48162     		    ENVIRONMENT 10,000
    IMAGINATION LIBRARY
    111 DOLLYWOOD LN
    PIGEON FORGE,TN37863     		    EDUCATION-LIBRARIES 10,000
    JASPER COUNT BAPTIST EMERGENCY
    21 THIGPEN RD
    BAY SPRINGS,MS39422     		    HUMAN SERVICES 4,000
    KIND AT HEART MINISTRIES
    18561 MEADOWVIEW RD
    SILOAM SPRINGS,AR72761     		    PUBLIC BENEFIT 5,000
    MAKE-A-WISH FOUNDATION
    1702 E HIGHLAND AVE
    400
    PHOENIX,AZ85016     		    HUMAN SERVICES 12,000
    MANNA CENTER
    670 HERITAGE CT
    SILOAM SPRINGS,AR72761     		    HUMAN SERVICES 8,500
    MONROE AREA NARCOTICS (MANTIS)
    106 E FIRST ST
    MONROE,MI48161     		    PUBLIC BENEFIT 15,000
    MONROE CO BUSINESS DEV CORP
    102 E FRONT ST
    MONROE,MI48161     		    PUBLIC BENEFIT 15,000
    MONROE CO OPP PROG
    1140 S TELEGRAPH RD
    4006
    MONROE,MI48161     		    HUMAN SERVICES 55,000
    MONROE COUNTY MENTAL HEALTH
    1001 S RAISINVILLE RD
    MONROE,MI48161     		    HUMAN SERVICES 1,000
    MONROE FAMILY YMCA
    1111 W ELM AVE
    MONROE,MI48162     		    HUMAN SERVICES 80,000
    MS STATE UNIVERSITY FDN
    100 HUNTER HENRY BLVD
    MISSISSIPPI STATE,MS39762     		    EDUCATION-LIBRARIES 2,000
    NEOSHO AREA HABITAT FOR HUMANITY
    PO BOX 841
    NEOSHO,MO64850     		    HUMAN SERVICES 5,000
    NEOSHO NEWTOM COUNTY LIBRARY
    201 W SPRING ST
    NEOSHO,MO64850     		    EDUCATION 50,000
    NEOSHO R-5 SCHOOLS CHARITABLE FDN
    418 FAIRGROUND ROAD
    NEOSHO,MO64850     		    EDUCATION-LIBRARIES 17,000
    NEOSHO UNITED FUND
    216 W SPRING ST
    NEOSHO,MO64850     		    PUBLIC BENEFIT 30,000
    NEWTON CO ELEMENTARY SCHOOL
    15881 MS-15
    DECATUR,MS39327     		    EDUCATION-LIBRARIES 1,680
    NEWTON CO FOOD BASKET BRIGADE
    PO BOX 925
    NEOSHO,MO64850     		    HUMAN SERVICES 10,000
    NEWTON COUNTY SHERIFFS DEPT
    300 ACCESS RD
    DECATUR,MS39327     		    PUBLIC BENEFIT 8,000
    NEWTON HISTORICAL CULTURAL COMM
    15309 HIGHWAY 15
    DECATUR,MS39327     		    HUMANITIES-ARTS 2,000
    NEWTON THEATER CO
    126 E CHURCH ST
    NEWTON,MS39345     		    HUMANITIES-ARTS 6,000
    OAKS OF RIGHTEOUSNESS CHRISTIAN
    1018 E 2ND ST
    MONROE,MI48161     		    PUBLIC BENEFIT 20,000
    OFFICE OF HUMAN CONCERN INC
    506 E SPRUCE ST
    ROGERS,AR72757     		    HUMAN SERVICES 1,000
    PAULA'S HOUSE
    PO BOX 2002
    MONROE,MI48161     		    HUMAN SERVICES 10,000
    PROMEDICA FOUNDATION
    444 N SUMMIT ST
    100
    TOLEDO,OH43604     		    HUMAN SERVICES 50,000
    RHEA CENTRAL SCHOOL
    1005 DELAWARE AVE
    DAYTON,TN37321     		    EDUCATION-LIBRARIES 5,000
    RHEA CO IMAGINATION LIBRARY
    PO BOX 669
    DAYTON,TN37321     		    EDUCATION-LIBRARIES 3,000
    RHEA CO SACK PACK PROGRAM
    885 EAGLE LN
    EVENSVILLE,TN37332     		    HUMAN SERVICES 16,000
    RHEA COUNTY COMMUNITY CENTER
    450-514 CHURCH ST
    DAYTON,TN37321     		    HUMAN SERVICES 8,000
    RHEA COUNTY DEPT OF ED
    305 CALIFORNIA AVE
    DAYTON,TN37321     		    EDUCATION-LIBRARIES 15,000
    RHEA COUNTY SCHOOL BUILD THE BUS
    885 EAGLE LN
    EVENSVILLE,TN37332     		    EDUCATION-LIBRAIES 4,000
    RHEA-RICHLAND SENIOR NEIGHBORS
    241 ALABAMA AVE
    53
    DAYTON,TN37321     		    HUMAN SERVICES 3,500
    RIGSBY ELEMENTARY SCHOOL
    8231 NEW HARMONEY ROAD
    PIKEVILLE,TN37367     		    EDUCATION-LIBRARIES 3,000
    RIVER RAISIN CENTRE ARTS
    114 S MONROE
    MONROE,MI48161     		    HUMANITIES-ARTS 10,000
    RIVER RAISIN NBP FOUNDATION
    1403 EAST ELM AVENUE
    MONROE,MI48162     		    PUBLIC BENEFIT 140,000
    ROBIN'S NEST CAC CALDWELL CO
    1051 HARPER AVENUE
    LENOIR,NC28645     		    HUMAN SERVICES 2,500
    SALVATION ARMY
    815 E 1ST ST
    MONROE,MI48162     		    HUMAN SERVICES 15,000
    SENECA R-7 SCHOOLS FOUNDATION
    914 FRISCO ST
    SENECA,MO64865     		    EDUCATION-LIBRARIES 5,000
    SENIOR LIGHTHOUSE CENTER
    135 FERGUSON DR
    SPRING CITY,TN37381     		    HUMAN SERVICES 3,000
    SILOAM SPRINGS SCHOOL DISTRICT
    847 S DOGWOOD ST
    SILOAM SPRINGS,AR72761     		    EDUCATION-LIBRARIES 1,500
    SPECIAL OLYMPICS TENNESSEE
    461 CRAIGHEAD ST
    NASHVILLE,TN37204     		    HUMAN SERVICES 2,000
    TALKINGTON FOUNDATION RECOVERY
    209 N VALLEY ST
    NEOSHO,MO64850     		    HUMAN SERVICES 5,000
    TENNESSEE VALLEY THEATRE
    184 W JACKSON AVE
    SPRING CITY,TN37381     		    HUMANITIES-ARTS 2,500
    THE CARE CENTER
    285 MAIN ST
    DAYTON,TN37321     		    HUMAN SERVICES 6,000
    THE SODERQUIST CENTER
    2000 UNIVESITY ST
    SILOAM SPRINGS,AR72761     		    EDUCATION-LIBRARIES 5,000
    TOLEDO MUSEUM OF ART
    2245 MONROE ST
    TOLEDO,OH43620     		    HUMAN SERVICES 1,500
    TOLEDO ZOO
    2 HIPPO WAY
    TOLEDO,OH43609     		    ENVIRONMENT-ZOOS 2,500
    UNITED GIVERS FUND
    PO BOX 680292
    FORT PAYNE,AL35968     		    PUBLIC BENEFIT 27,000
    UNITED WAY OF MONROELENAWEE CO
    216 N MONROE ST
    MONROE,MI48162     		    PUBLIC BENEFIT 105,000
    UNITED WAY OF RHEA COUNTY
    224 4TH AVE
    101
    DAYTON,TN37321     		    PUBLIC BENEFIT 60,000
    WE CARE COMMUNITY SERVICES INC
    1273 DAYTON MOUNTAIN HWY
    DAYTON,TN37321     		    HUMAN SERVICES 4,000
    WESTVIEW SCHOOL DISTRICT
    7441 WESTVIEW RD
    NEOSHO,MO64850     		    EDUCATION-LIBRARIES 5,000
    Total .................................bullet 3a 1,360,222
    bApproved for future payment
    ABILITY TREE
    PO BOX 6929
    SILOAM SPRINGS,AR72761     		    HELP THE DISABLED 45,000
    MANUFACTURING PLANTS GRANTS
    ONE LA-Z-BOY DRIVE
    MONROE,MI48162     		    VARIOUS 408,716
    NEOSHO NEWTON COUNTY LIBRARY
    201 W SPRING ST
    NEOSHO,MO64850     		    EDUCATION 50,000
    Total .................................bullet 3b 503,716
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,191  
    4 Dividends and interest from securities....     14 759,949  
    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 23,099  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,344,152  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   3,128,391  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,128,391
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    LA-Z-BOY FOUNDATION
    EIN:
    38-6087673
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREP 1,700      

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    LA-Z-BOY FOUNDATION
    EIN:
    38-6087673
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMERICA - EQUITIES 15,354,755 20,072,713

    TY 2020 OtherExpensesSchedule
    Name:
    LA-Z-BOY FOUNDATION
    EIN:
    38-6087673
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    CORPORATE FILING FEE 20      
    COUNCIL OF MI FOUN - MEMBER F 5,700      


    TY 2020 OtherIncomeSchedule2
    Name:
    LA-Z-BOY FOUNDATION
    EIN:
    38-6087673
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    COMERICA 23,099 23,099  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    LA-Z-BOY FOUNDATION
    EIN:
    38-6087673
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMERICA 75,846 75,846    


    TY 2020 TaxesSchedule
    Name:
    LA-Z-BOY FOUNDATION
    EIN:
    38-6087673
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2019 EXTENSION TAX PAYMENT 43,500      
    2020 ESTIMATED EXCISE TAX PAYMEN 8,000