Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
The Mary Alice and Bennett Brown Foundation
Inc
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

58-6332776
B Telephone number (see instructions)

(800) 839-1754
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$9,128,853J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,071 2,071  
4 Dividends and interest from securities... 195,527 195,527  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 44,084
b Gross sales price for all assets on line 6a 1,529,519
7 Capital gain net income (from Part IV, line 2)... 44,084
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 -6,800 -140  
12 Total. Add lines 1 through 11........ 234,882 241,542  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 60,219 60,219    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,878 1,870    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 49,733 394   49,049
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 114,830 62,483   49,049
25 Contributions, gifts, grants paid....... 359,000 359,000
26 Total expenses and disbursements. Add lines 24 and 25 473,830 62,483   408,049
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -238,948
b Net investment income (if negative, enter -0-) 179,059
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.............      
2 Savings and temporary cash investments......... 576,149 269,668 269,668
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) 309,829 Click to see attachment318,427 337,913
b Investments—corporate stock (attach schedule)....... 6,543,560 Click to see attachment6,590,929 8,117,197
c Investments—corporate bonds (attach schedule)....... 166,100 Click to see attachment181,620 201,182
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 197,949 Click to see attachment193,995 202,893
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) 7,793,587 7,554,639 9,128,853
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 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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 7,793,587 7,554,639
29 Total net assets or fund balances (see instructions)..... 7,793,587 7,554,639
30 Total liabilities and net assets/fund balances (see instructions). 7,793,587 7,554,639
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
7,793,587
2
Enter amount from Part I, line 27a .....................
2
-238,948
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,554,639
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
7,554,639
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c Sec 751 Gain on Sale of Ptshp Reclass      
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 1,529,519   1,465,210 64,309
b       89
c       -20,314
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       64,309
b        
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 44,084
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 2,489
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 2,489
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 2,489
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,026
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 470
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,496
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 7
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet7 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
    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
    Alex Armknecht Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Charlotte Armknecht Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Rustin Armknecht Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Alden Brown Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Jessica Brown Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Leila B Brown Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Bennett A Brown III Co-Chairman, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Bennett A Brown IV Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Brice D Dixon Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Charlotte Brown Dixon Chairman
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Layne A Dixon Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Katherine B Ohlhausen Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Marshall Ohlhausen Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Wallis Ohlhausen Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    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
    Morgan Stanley Investment Mgmt 60,219
    3280 PEACHTREE ROAD NE STE 1900
    ATLANTA,GA30305
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    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
    7,909,272
    b
    Average of monthly cash balances.......................
    1b
    313,202
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,222,474
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,222,474
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    123,337
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,099,137
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    404,957
    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
    404,957
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,489
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,489
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    402,468
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    402,468
    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
    402,468
    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
    408,049
    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
    408,049
    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
    408,049
    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 7 402,468
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 361,937
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 408,049
    a Applied to 2019, but not more than line 2a 361,937
    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..... 46,112
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		356,356
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 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).)
    NONE
    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
    ATLANTA BICYCLE COALITION
    2870 PEACHTREE RD NW 915
    ATLANTA,GA30305     		N/A PC Shifting Gears - A 2nd grade bike safety certificate program 5,500
    ATLANTA CELEBRATES PHOTOGRAPHY INC
    1039 GRANT ST SE
    ATLANTA,GA30315     		N/A PC Teen Spirit program 10,000
    ATLANTA CHARITY CLAYS INC
    PO BOX 52686
    ATLANTA,GA30355     		N/A PC Charitable Event 20,000
    BOOKS FOR KEEPS
    PO BOX 49761
    ATHENS,GA30604     		N/A PC Book give-away program in spring 2020 5,000
    BROOKGREEN GARDENS
    PO BOX 3368
    PAWLEYS ISLAND,SC29585     		N/A PC Operating Support fund 5,000
    CARROLL COUNTY CHILD ADVOCACY CENTER INC
    PO BOX 314
    CARROLLTON,GA30112     		N/A PC New Building fund Upgrades 15,000
    CARROLLTON PRESBYTERIAN CHURCH
    14 MAPLE ST
    CARROLLTON,GA30117     		N/A PC Project Open Hand and Youth Church Support fund 15,000
    CIRCLES OF WEST GEORGIA INC
    306B BRADLEY ST
    CARROLLTON,GA30117     		N/A PC General & Unrestricted 2,500
    CREATE YOUR DREAMS INC
    887 W MARIETTA ST STUDIO T-108
    ATLANTA,GA30318     		N/A PC Five Core Programs, and Two Funds for SUCCESS 20,000
    FREE BIKES 4 KIDZ OF ATLANTA CO
    PO BOX 8446
    ATLANTA,GA31106     		N/A PC operations support fund 15,000
    FREE BIKES 4 KIDZ- UTAH
    947 S 1000 E
    SALT LAKE CTY,UT84105     		N/A PC 2020 FB4K Bike Give Away fund 3,500
    FUGEES FAMILY INC
    1933 E DUBLIN GRANVILLE RD 117
    COLUMBUS,OH43229     		N/A PC Transportation and Uniforms fund 25,000
    FUTURE FOUNDATION INC
    1892 WASHINGTON RD
    ATLANTA,GA30344     		N/A PC Second Family Model program 10,000
    GEORGE WEST MENTAL HEALTH FOUNDATION INC
    1961 N DRUID HILLS RD NE
    BROOKHAVEN,GA30329     		N/A PC Skyland Trail Adolescent Treatment Program 20,000
    GEORGIA STATE UNIVERSITY FOUNDATION INC
    PO BOX 2668
    ATLANTA,GA30301     		N/A PC Bennett A. Brown Scholarship fund 25,000
    GIRLS ON THE RUN UTAH INC
    PO BOX 58337
    SALT LAKE CTY,UT84158     		N/A PC 2020 Scholarship fund 10,000
    GOLDEN HARVEST FOOD BANK INC
    3310 COMMERCE DR
    AUGUSTA,GA30909     		N/A PC Emergency Meals Program 10,000
    KENYA KEYS
    5314 TUALATA CT
    LAKE OSWEGO,OR97035     		N/A PC Administration Fund 9,000
    KIPP METRO ATLANTA COLLABORATIVE INC
    1445 MAYNARD RD NW
    ATLANTA,GA30331     		N/A PC KIPP Through College program 26,000
    L E A D INC
    1266 W PACES FERRY RD STE 429
    ATLANTA,GA30327     		N/A PC General Operating Support fund 10,000
    NATIONAL OUTDOOR LEADERSHIP SCHOOL
    284 LINCOLN ST
    LANDER,WY82520     		N/A PC Gateway Partners Program for inner city youth 6,500
    PATH FOUNDATION INC
    1601 W PEACHTREE ST
    ATLANTA,GA30309     		N/A PC operating support fund 10,000
    PLAYWORKS EDUCATION ENERGIZED
    1423 BROADWAY PMB 161
    OAKLAND,CA94612     		N/A PC Coach and TeamUp program 9,000
    POSSE FOUNDATION - ATLANTA
    101 MARIETTA ST NW STE 1040
    ATLANTA,GA30303     		N/A PC Posse Atlanta's college access and success, leadership and career development program for diverse, high-achieving urban youth 20,000
    RVC SEATTLE
    1225 S WELLER ST STE 400
    SEATTLE,WA98144     		N/A PC AGE UP'S HIRING FOR THE LEADERSHIP TEAM 1,000
    THE CONSERVATION FUND A NONPROFIT CORPORATION
    1655 FORT MYER DR
    ARLINGTON,VA22209     		N/A PC Parks with Purpose Atlanta 15,000
    THORNWELL
    302 S BROAD ST
    CLINTON,SC29325     		N/A PC Building Families for Georgia Outreach program 5,000
    TRINITY COMMUNITY MINISTRIES INC
    21 BELL ST NE
    ATLANTA,GA30303     		N/A PC Trinity House - Big Bethel program 5,000
    TRUST FOR PUBLIC LAND
    101 MONTGOMERY ST STE 900
    SAN FRANCISCO,CA94104     		N/A PC Atlanta Community Schoolyards Program 20,000
    WOODWARD ACADEMY INC
    1662 RUGBY AVE
    COLLEGE PARK,GA30337     		N/A PC Mary Alice and Bennett Brown Endowment Fund for KIPP students 5,000
    YOUNG LIFE - CARROLL COUNTY
    PO BOX 2781
    CARROLLTON,GA30112     		N/A PC operational support fund 1,000
    Total .................................bullet 3a 359,000
    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 ...........     		    14 2,071  
    4 Dividends and interest from securities....     14 195,527  
    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 44,084  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -26,974 14 -140  
    bSec 751 Gain on Sale of Ptshp 525990 20,314      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -6,660 241,542  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    234,882
    (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

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK AMER CORP MTN - 2.884% - 15,852 16,472
    CITIGROUP INC NOTE - 3.668% - 15,294 17,063
    COMCAST CORP NOTE - 4.150% - 1 15,131 16,853
    CVS CAREMARK CORP NOTE - 4.300 16,180 16,659
    ENTERPRISE PRODUCTS OPERTATING 8,805 11,341
    GE CAP CORP NTS - 5.875% - 01/ 11,407 12,184
    GOLDMAN SACHS - 3.800% - 03/15 16,122 16,465
    JP MORGAN CHASE BANK - 4.203% 18,182 21,445
    MICROSOFT CORP - 4.250% - 02/0 17,704 22,622
    SHELL INT'L FINANCE - 2.875% - 15,030 16,589
    VERIZON COMMUNICATIONS INC - 4 16,547 16,502
    WELLS FARGO &CO MTN - 3.584% - 15,366 16,987

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AAC TEC HOLDINGS ADR 10,458 5,864
    ABB LTD 9,808 13,868
    ABBOTT LABS 5,918 14,891
    ABBVIE INC 13,879 18,966
    ACCENTURE PLC 5,139 11,493
    ACUSHNET HOLDINGS CORP 1,298 1,541
    ADIDAS AG 7,870 12,260
    ADIENT PLC 1,492 2,295
    ADOBE SYSTEMS, INC 3,888 15,004
    ADVANCE AUTO PARTS INC 6,635 6,458
    ADYEN N.V. 10,655 26,077
    AIA GROUP LTD ADR 22,571 36,651
    AIR PRODS & CHEM INC 10,620 21,311
    AKAMAI TECH COM STK 3,425 6,089
    ALCON INC 11,046 11,942
    ALEXION PHARMACEUTICALS, INC 6,859 9,062
    ALFA LAVAL AB 5,384 7,512
    ALIBABA GROUP HOLDING LTD 10,337 12,567
    ALLETE INC 2,368 1,982
    ALLIANZ SE 12,043 16,220
    ALSTOM 7,367 8,233
    ALTRA HLDGS INC 2,894 5,266
    AMAZON COM 13,122 45,597
    AMBEV SA 10,093 7,668
    AMER EQ INV LIFE HLD 3,328 4,066
    AMERICA MOVIL SA 17,645 17,942
    AMERICAN TOWER REIT INC 3,749 3,816
    AMGEN INC 14,109 16,324
    AMPHENOL CORPORATION 4,943 8,762
    ANGLO AM PLC ADR 5,481 9,744
    ANHEUSER BUSCH COS INC 6,085 5,663
    ANHUI CONCH CEM ADR 9,795 10,378
    ANTERO MIDSTREAM CORPORATION 8,757 11,727
    AON PLC CL A 8,622 15,000
    APPLE INC 8,312 23,353
    APTIV PLC 3,166 5,342
    ARCH CAPITAL GROUP LTD 10,586 13,310
    ARCONIC CORP 1,416 2,116
    ARISTA NETWORKS 7,510 9,879
    ARMSTRONG WORLD INDU 4,771 5,133
    ASBURY AUTOMOTIVE GR 1,140 2,478
    ASHLAND GLOBAL HOLDINGS 2,111 2,297
    ASM PACIFIC TECH 10,282 12,072
    ASML HOLDING NV NY REG SHS 3,439 4,389
    ATKORE INTERNATIONAL GROUP INC 1,523 2,878
    ATLAS COPCO AB A SHS ADR 11,384 20,738
    ATLASSIAN CORP PLC 2,193 2,573
    AUTOMATIC DATA PROCESSING INC 12,209 15,682
    AVANOS MEDICAL, INC. 2,825 3,579
    BAIDU.COM - ADR 9,871 15,569
    BANCO BILBAO ARG SA 16,008 10,789
    BANCO DO BRASIL S A SPONSORED 15,357 11,947
    BANCO ITAU HOLDING FINANCIERA 10,571 10,268
    BANCO SANTANDER CEN 5,799 7,823
    BANK OF NT BUTTERFIELD AND SON 2,078 1,745
    BARNES GROUP INC 2,356 2,433
    BB SEGURIDADE 10,688 8,054
    BEIERSDORF AG ADR EACH REPR 0. 10,245 10,318
    BERKLEY W R CP 4,581 6,576
    BERRY PLASTICS GROUP INC 5,058 6,293
    BHP BILLITON LIMITED 5,866 9,932
    BIDVEST GROUP LTD (ADR) 6,957 7,224
    BIOMARIN PHARMACEUTICAL INC 4,367 4,297
    BLACK HILLS CORP 3,270 3,011
    BLACKROCK HIGH YIELD BOND PORT 392,367 394,392
    BLACKROCK INC 12,393 22,368
    BNP PARIBAS SPONS ADR 9,020 8,808
    BRANDYWINE RLTY TR 3,800 2,966
    BROADCOM INC 13,024 20,579
    BROOKFIELD ASSET MANAGEMENT CL 4,270 7,057
    BROWN & BROWN INC 4,579 10,193
    BROWN FORMAN CORP CL B 2,210 4,289
    CALGON CARBON CP 4,600 4,486
    CALRSBERG AS SP ADR REP B 5,629 9,382
    CANADIAN NATL RAILWAY CO 9,663 14,390
    CARLISLE COS INC 8,776 10,620
    CARMAX INC 6,208 9,635
    CDW CORP 3,217 7,380
    CHECK POINT SOFTWARE TECHNOLOG 12,376 15,949
    CHENIERE ENERGY INC 25,563 28,994
    CHEVRON CORP 15,880 11,907
    CHINA CONSTRUCT UNSPON ADR 14,445 13,503
    CHINA MERCHANTS BANK 11,411 15,260
    CHINA MOBILE HGK LTD 6,777 4,652
    CHINA SHENHUA ADR 11,146 9,860
    CHOICE HOTELS INTERNATIONAL IN 1,935 3,202
    CHUGAI PHARMACEUTICAL CO., LTD 6,196 15,002
    CIRRUS LOGIC INC 2,261 2,959
    CISCO SYSTEMS INC 12,997 17,542
    CNOOC LTD ADS 8,861 4,766
    CNX RESOURCES CORP 2,208 2,354
    COHERENT INC CAL 1,887 1,950
    COMCAST CORP 13,329 18,078
    COMML INTL BK S/ADR 5,890 6,025
    CONCENTRIX CORP 639 1,382
    CONTL AG SPONS ADR 4,267 5,819
    COPART INC 2,443 10,435
    CORE-MARK HOLDING COMPANY, INC 1,474 1,380
    COSTCO WHOLESALE CORPORATION 3,500 7,912
    CRACKER BARREL OLD COUNTRY STO 2,701 2,506
    CROWN CASTLE INTL 11,685 19,421
    DAIWA HOUSE IND LTD 7,949 8,271
    DASSAULT SYS SA SPN ADR 11,085 19,145
    DBS GROUP HLDGS SPON ADR 17,608 24,564
    DELEK US HLDGS INC 3,375 1,318
    DELUXE CORPORATION 1,893 905
    DENNYS CORPORATION 757 807
    DIAGEO PLC ADS 10,254 10,323
    DIODES 1,222 1,904
    DOLLAR TREE INC 10,613 13,505
    DRIL QUIP INC 1,890 1,155
    EAST WEST BANCORP, INC 8,142 8,773
    EATON CORP PLC 6,214 7,569
    ECOLAB INC 3,640 6,274
    ELI LILLY & CO 7,977 12,325
    ENBRIDGE INC 25,531 27,351
    ENEL SOCIETA PER AZI 12,110 14,504
    ENGIE 15,784 17,534
    ENGIE BRASIL ENERGIA S A 5,791 5,646
    ENN ENERGY HOLDINGS LIMITED 3,445 6,653
    EPIROC AB 5,348 10,235
    EQUINIX, INC 5,402 9,284
    EQUINOR ASA 5,816 5,566
    EQUITRANS MIDSTREAM CORPORATIO 16,267 21,612
    EVERSOURCE ENERGYINC 2,115 2,595
    EXPEDITORS INTL WASH INC 3,568 6,087
    F.N.B CORPORATION 4,709 3,962
    FACEBOOK INC 13,943 26,223
    FANUC LIMITED UNSPONSORED 5,024 6,148
    FASTENAL COMPANY 2,664 5,078
    FERGUSON PLC SPON ADR 5,854 10,814
    FIDELITY NATIONAL INFORMATION 6,473 6,932
    FIRST FINANCIAL BANCORP 3,425 2,454
    FIRST INTERSTATE BANCSYSTEM IN 2,403 2,569
    FIRST MIDWEST BANCORP, INC 3,222 2,356
    FLEXTRONICS INTERNATIONAL 2,290 4,621
    FLUGHAFEN ZURICH AG 1,735 2,772
    FOMENTO ECONOMICO MEXICANO 10,851 9,850
    FUCHS PETROLUB SE 3,042 3,553
    FUJITSU LTD ADR OTC 5,999 6,460
    FULLER H B CO 2,165 2,335
    GALP ENERGIA 8,872 6,368
    GAMESA CORP TECN UNSP/ADR 2,663 5,552
    GARTNER INC 9,001 12,335
    GLACIER BANCORP INC 3,757 5,153
    GRAINGER W W INC 5,087 8,983
    GREAT WESTERN BANCORP INC 4,608 2,822
    GRUPO FIN ADR 7,864 8,140
    H AND E EQUIPMENT SERVICES INC 775 1,103
    HANCOCK WHITNEY CORPORATION 5,236 4,899
    HANOVER INS GROUP 2,922 3,625
    HDFC BANK LTD ADR 5,151 8,527
    HELIX ENERGY SOLUTIONS GROUP I 1,520 1,071
    HENGAN INTL GRP ADR 15,261 13,454
    HEXAGON 5,918 9,790
    HITACHI LTD 10,681 10,878
    HOME DEPOT INC 20,180 35,327
    HONEYWELL INTL 8,585 13,826
    HUNTSMAN CORP 1,553 2,715
    ICICI BK LTD ADS 4,766 8,916
    IHS MARKIT LTD 12,018 22,727
    ILLINOIS TOOL WORKS 7,491 11,213
    INDEPENDENCE REALTY TR 1,347 1,612
    INDUSTRIA DE DISENO 2,795 3,224
    INFINEON TECH ADS 14,009 28,180
    INFORMA PLC SPONSORED ADR 4,673 5,299
    INFOSYS TECH LTD SPD ADR 15,920 30,052
    INTEGER HOLDINGS CORP 2,465 2,598
    INTEGRA LIFESCIENCES HOLDINGS 2,098 2,921
    INTERTEK GROUP UNSP ADR 4,487 4,638
    ISHARES BARCLAYS US AGGREGATE 332,454 360,716
    ISHARES S&P SMALLCAP 600 GROWT 149,670 200,728
    ISHARES TR S & P MIDCAP 400 IN 139,879 188,231
    ITT INC 2,782 5,391
    J & J SNACK FOODS CORP 2,626 3,107
    JOHNSON & JOHNSON 3,361 4,092
    JONES LANG LASALLE INC PROP TR 264,088 250,950
    JP MORGAN CHASE 17,449 25,668
    KAO CORP 6,337 7,118
    KASIKORNBANK PUB CO LTD ADR CM 7,856 6,128
    KB HOME 2,359 2,782
    KBR INC 1,383 1,856
    KEMPER CORP 8,438 8,682
    KIMBERLY CLARK 6,202 5,332
    KINDER MORGAN INC 29,794 26,533
    KIRBY CORPORATION 2,050 1,918
    KITE RLTY GROUP TRUST 991 1,002
    KNOLL INC 854 793
    KNORR BREMSE ADR 4,181 5,505
    KOMATSU LTD 6,833 8,858
    KONINKLIJKE DSM NV ADR 6,930 10,764
    KOOKMIN BANK 13,084 12,989
    KUBOTA CORPORATION 8,370 12,137
    L'AIR LIQUIDE ADR OTC 12,943 15,985
    L'OREAL ADR 9,597 18,961
    LABORATORY CORP AMER HLDGS 6,991 9,974
    LEXINGTON REALTY TRUST 3,184 3,515
    LIBERTY BROADBAND CORPORATION 9,637 17,579
    LIFE HEALTHCARE GR UNSPON ADR 9,405 6,647
    LIFE STORAGE, INC 2,052 3,104
    LINDE PLC COM 5,734 9,750
    LOCKHEED MARTIN CORP 15,728 20,589
    LONDON STK EXCHANGE GROUP 6,203 7,096
    LONZA GROUP AG UNSP/ADR 11,586 25,119
    LORD ABBETT INVESTMENT TRUST S 667,547 654,286
    LOUISIANA PACIFIC CP 2,223 4,498
    LYONDELLBASELL INDUSTRIES NV 2,287 2,383
    MADDEN STEVEN LTD 1,702 2,402
    MAKITA CORP 7,032 10,016
    MARKEL CORP 9,724 10,333
    MARSH AND MCLENNAN COMPANIES I 10,067 14,625
    MASTEC INC 4,686 7,909
    MCDONALD'S CORP 11,361 15,021
    MEDTRONIC PLC 21,682 30,456
    MERCK & CO INC 21,884 22,659
    MERCK KGAA SPON ADR EACH REPR 7,122 8,283
    MERITAGE CORPORATION 1,642 2,899
    MICROSOFT CORP 14,774 50,267
    MOBILE TELSYS OJSC 7,745 6,856
    MOELIS AND COMPANY 4,969 6,500
    MONDELEZ INTERNATIONAL INC 15,457 18,009
    MONDI PLC ADR 5,798 6,469
    MONSTER BEVERAGE CORP 4,756 6,936
    NATL HEALTH INVESTOR 2,042 2,421
    NBT BANCORP 883 803
    NCR CP 588 1,202
    NEDBANK GROUP LTD S/ADR 8,103 6,366
    NESTLE S.A 9,715 15,196
    NETSCOUT SYSTEMS, INC 2,524 2,002
    NEW MARKET CORP 4,937 4,779
    NEXON COMPANY 6,316 9,452
    NEXTERA ENERGY, INC 15,143 36,106
    NINTENDO CO LTD ADR UNSPON 9,987 16,829
    NORDEA BANK ABP 9,834 7,532
    NOTORI HOLDINGS 5,314 8,070
    NOVARTIS AG ADR 11,293 15,203
    NOVOZYMES A/S UNSP/ADR 5,243 5,650
    NUTANIX INC 2,622 3,123
    NVIDIA CORP 3,791 12,533
    NXP SEMICONDUCTORS 4,115 5,247
    OIL CO LUKOIL PJSC SPON ADR RE 19,720 19,619
    ON SEMICONDUCTOR 1,640 3,404
    OUTFRONT MEDIA INC 3,330 3,403
    PAE INC 706 762
    PALO ALTO NETWORKS INC 2,714 8,529
    PATTERSON-UTI ENERGY INC 4,507 1,184
    PAYCHEX 11,086 17,704
    PEMBINA PIPELINE CORP CANADA 21,195 15,616
    PEPSICO INC 17,748 23,283
    PERFORMANCE FOOD GROUP COMPANY 1,939 2,428
    PERNOD-RECARD SA 7,761 8,475
    PHILLIPS 66 7,662 5,106
    PIMCO SHORT TERM FUND P 311,792 312,109
    PING AN INSURANCE GROUP ADR 17,772 20,164
    PNC FINANCIAL GROUP INC 12,874 13,559
    PNM RESOURCES INC 1,783 2,087
    PRIMORIS SERVICES CORP 1,927 2,319
    PROCTER GAMBLE CO 9,165 10,575
    PROG HOLDINGS INC 1,769 1,993
    PROGRESSIVE CORP OHIO 9,688 11,569
    PROLOGIS 9,930 11,262
    PROSPERITY BANC SHARES, INC 2,644 2,774
    PRUDENTIAL PLC SC 10,677 9,380
    PT ASTRA INTL ADR 12,080 8,513
    PT BK MANDIR PRS UNSP/ADR 11,069 11,561
    PT TELEKOM. IND. TBK ADR 11,237 9,643
    QUALCOMM INC 18,031 29,402
    RAYTHEON TECHNOLOGIES CORP 6,354 7,008
    REALTY INCOME CORP 6,278 6,217
    RELX PLC 11,944 14,081
    REXNORD CORP 2,757 3,712
    RIO TINTO PLC SPONSORED ADR 9,929 13,464
    ROCHE HOLDING LTD ADR 14,352 18,106
    ROSS STORES, INC 5,035 8,965
    ROYAL DUTCH SHEL PLC SPONS ADR 10,565 7,260
    RPT REALTY 2,077 1,522
    RYANAIR HOLDINGS PLC-ADR COM 5,830 8,249
    RYOHIN KEIKAKU 9,248 7,816
    S&T BANCORP, INC. 1,651 1,317
    SAFRAN SA - UNSPON ADR 12,559 16,170
    SAIA, INC 668 2,531
    SALESFORCE.COM 9,044 11,572
    SAMPO PLC UNSPONSORED ADR 10,249 9,305
    SANDVIK AB SPONS ADR 7,445 9,074
    SANDY SPRING BANCORP INC 1,315 1,738
    SANLAM LTD SPONSORED ADR (SOUT 5,572 5,221
    SANOFI-AVENTIS SPONSORED ADR 14,514 15,986
    SAP AKTIENGESELL ADS 15,189 19,950
    SBERBANK SPONSORED ADR 11,274 14,587
    SCHNEIDER ELEC UNSP/ADR 10,911 16,733
    SCOTTS CO. CLASS A 720 1,593
    SELECTIVE INS GROUP INC 2,805 4,086
    SEMPRA ENERGY COM 11,710 12,996
    SERVICE CP INTL 1,393 2,210
    SGS SA UNSP ADR 5,694 6,692
    SHIMANO INC UNSP ADR EACH REPR 7,328 9,530
    SHIN-ETSU CHEMICAL C 6,948 12,798
    SHINHAN FINL GROUP CO LTD 10,291 8,273
    SHIONOGI & CO LTD 5,765 5,384
    SHOPRITE HOLDINGS LTD 5,060 3,396
    SINOPHARM GROUP CO 9,882 8,456
    SKYWEST, INC 2,384 1,693
    SONOVA HOLDING AG AD 6,611 9,193
    SOUTH JERSEY INDS INC 2,128 1,422
    SOUTHWEST GAS CP 3,439 2,795
    SPECTRUM BRANDS HOLDINGS INC 1,761 2,211
    SPIRIT REALTY CAPITAL, INC 2,853 3,093
    SPLUNK INC 3,550 8,155
    STAG INDUSTRIAL INC 1,198 1,691
    STANDARD BANK GROUP SPON ADR 5,639 5,512
    STANDARD MOTOR PRODS 698 607
    STARBUCKS CORP COM 9,967 20,647
    STIFEL FINANCIAL CP 4,241 7,115
    SUMITOMO MITSUI FINCL GRP 9,237 8,114
    SUMMIT HOTEL PROPERTIES, INC 2,373 1,982
    SUMMIT MATERIALS INC 1,435 1,647
    SUNCOR ENERGY INC 11,652 5,890
    SUZUKI MOTOR CORP UNSP ADR 6,990 6,540
    SYMRISE AG UNSPONSORED 5,372 10,813
    SYNNEX CORP 655 1,140
    SYNOVUS FINL CP 2,134 2,849
    SYSMEX CORP UNSP ASDR 5,736 11,248
    TAIWAN SEMICONDUCTOR MFG CO LT 16,303 50,158
    TARGA RESOURCES CORP 21,106 29,414
    TC ENERGY CORPORATION 7,896 6,841
    TEGNA 2,056 2,162
    TELENOR ASA 7,994 8,279
    TENCENT HOLDINGS LIMITED 10,481 16,103
    TERADYNE INC 1,343 4,436
    TERNIUM S.A. ADS 4,961 5,176
    TESCO PLC S ADR 11,342 12,029
    TEXAS INSTRUMENTS INC 17,460 36,109
    TEXAS ROADHOUSE, INC 1,301 2,032
    THE AARON'S COMPANY, INC 350 341
    THE COCA-COLA CO 6,027 6,690
    THERMO FISHER SCIENTIFIC INC 4,893 14,905
    TOWER SEMICONDCTOR LTD 2,880 3,589
    TRUIST FINANCIAL CORPORATION 17,287 19,124
    TTM TECHNOLOGIES INC 2,210 2,443
    UBER 7,324 9,282
    ULTA SALON, COSMETICS & FRAGRA 5,794 7,753
    UMPQUA HOLDINGS CORPORATION 4,856 5,193
    UNICHARM CORP - SPN ADR 10,327 14,941
    UNIFIRST CP 2,124 3,175
    UNILEVER N V N Y 31,962 35,975
    UNITED PARCEL SERVICE 9,299 13,977
    UNITEDHEALTH GROUP INC 7,952 16,131
    US BANCORP 10,734 9,598
    VALLEY NATL BANCORP 3,959 3,647
    VANGUARD FTSE DEVELOPED MARKET 414,688 500,756
    VANGUARD FTSE EMERGING MARKETS 153,744 193,825
    VANGUARD GROWTH ETF 306,439 640,698
    VANGUARD VALUE ETF 269,956 337,490
    VERIZON COMMUNICATIONS 11,314 12,455
    VESTAS WIND SYS UNSP/ADR 4,621 13,456
    VIAVI SOLUTIONS INC 2,220 3,086
    VINCI SA ADR 5,186 6,479
    VISA INC 9,113 20,998
    VISHAY INTERTECH 730 911
    VIVENDI SA 9,530 12,005
    VMWARE INC 3,839 5,190
    VODACOM GROUP LIMITE 4,604 3,863
    VOLKSWAGEN AG ADR 13,311 14,114
    VONTIER CORPORATION 7,819 9,118
    WALT DISNEY HOLDINGS CO 6,786 10,871
    WASH REAL EST INV TR MARYLAND 727 627
    WEBSTER FINL CORP 5,358 5,395
    WEC ENERGY GROUP, INC 8,798 13,344
    WEICHAI POWER CO LTD 6,031 12,926
    WERNER ENTERPRISES INC 2,222 3,098
    WESBANCO INC 2,267 1,858
    WESCO INTL INC 2,473 4,318
    WESTERN ALLIANCE BANCORPORATIO 3,625 5,336
    WESTERN ASSET SMASH SERIES C F 124,018 128,482
    WESTERN ASSET SMASH SERIES EC 230,223 240,522
    WESTERN ASSET SMASH SERIES M F 172,691 178,381
    WILLIAMS COS 43,377 32,040
    WOLTERS KLUWER S/ADR 3,835 7,639
    WOLVERINE WORLDWIDE 2,386 2,750
    WORKDAY INC 2,258 2,396
    WPX ENERGY INC 2,861 2,559
    YANDEX N V 2,118 5,497
    Z HOLDINGS CORP 4,083 4,884
    ZOETIS INC 4,116 12,909

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    US Government Securities - End of Year Book Value:

    318,427
    US Government Securities - End of Year Fair Market Value:

    337,913
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DCP MIDSTREAM LP   11,147 10,501
    ENERGY TRANSFER LP   23,748 26,327
    ENTERPRISE PRODUCTS PARTNERS L   23,246 32,226
    MAGELLAN MIDSTREAM PARTNERS LP   20,950 26,355
    MPLX LP   25,545 27,214
    NUSTAR ENERGY L.P   10,897 10,447
    PHILLIPS 66 PARTNERS LP   15,021 16,216
    PLAINS ALL AMERICAN PIPELINE L   45,923 29,985
    TC PIPELINES LP   12,635 13,547
    WESTERN MIDSTREAM PARTNERS, LP   4,883 10,075

    TY 2020 OtherExpensesSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 47,739     47,739
    Bank Charges 38 38    
    Foundation Dues & Memberships 1,280     1,280
    K-1 Exp DCP MIDSTREAM LP 1      
    K-1 Exp ENERGY TRANSFER LP 164 155    
    K-1 Exp ENTERPRISE PRODUCTS PA 4      
    K-1 Exp MAGELLAN MIDSTREAM PAR 4 1    
    K-1 Exp NOBLE MIDSTREAM PARTNE 1      
    K-1 Exp NUSTAR ENERGY L.P 138 1    
    K-1 Exp PLAINS ALL AMERICAN PI 309 199    
    K-1 Exp TC PIPELINES LP 25      
    State or Local Filing Fees 30     30


    TY 2020 OtherIncomeSchedule2
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss CNX Midstream Partners LP 33    
    K-1 Inc/Loss CRESTWOOD EQUITY PARTNERS LP -335    
    K-1 Inc/Loss DCP MIDSTREAM LP -285    
    K-1 Inc/Loss ENERGY TRANSFER LP -3,852 229  
    K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP -4,089 -137  
    K-1 Inc/Loss MAGELLAN MIDSTREAM PARTNERS LP -2,077 1  
    K-1 Inc/Loss MPLX LP -3,793 46  
    K-1 Inc/Loss NOBLE MIDSTREAM PARTNERS LP -416 12  
    K-1 Inc/Loss NUSTAR ENERGY L.P -483 -3  
    K-1 Inc/Loss PHILLIPS 66 PARTNERS LP -1,615 48  
    K-1 Inc/Loss PLAINS ALL AMERICAN PIPELINE LP -5,972 -360  
    K-1 Inc/Loss TC PIPELINES LP -981 5  
    K-1 Inc/Loss WESTERN MIDSTREAM PARTNERS, LP -3,249 19  
    Sec 751 Gain on Sale CNX Midstream Partners LP 105    
    Sec 751 Gain on Sale CRESTWOOD EQUITY PARTNERS LP 60    
    Sec 751 Gain on Sale DCP MIDSTREAM LP 411    
    Sec 751 Gain on Sale ENERGY TRANSFER LP 4,397    
    Sec 751 Gain on Sale ENTERPRISE PRODUCTS PARTNERS 1,457    
    Sec 751 Gain on Sale MAGELLAN MIDSTREAM PARTNERS L 1,480    
    Sec 751 Gain on Sale MPLX LP 1,672    
    Sec 751 Gain on Sale NOBLE MIDSTREAM PARTNERS LP 1,699    
    Sec 751 Gain on Sale NUSTAR ENERGY L.P 1,587    
    Sec 751 Gain on Sale PHILLIPS 66 PARTNERS LP 3,341    
    Sec 751 Gain on Sale TC PIPELINES LP 641    
    Sec 751 Gain on Sale WESTERN MIDSTREAM PARTNERS, L 3,464    


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 60,219 60,219    


    TY 2020 TaxesSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 2,000      
    990-PF Extension for 2019 482      
    990-T Extension for 2019 526      
    Foreign Tax Paid 1,870 1,870