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
TRAILSEND FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6205-A PEACHTREE DUNWOODY ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30328
A Employer identification number

23-7256190
B Telephone number (see instructions)

(678) 645-0000
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$150,561,179J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,529,098 2,529,933  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 4,678,783
b Gross sales price for all assets on line 6a 100,850,075
7 Capital gain net income (from Part IV, line 2)... 4,677,772
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 1,274,247 1,278,832  
12 Total. Add lines 1 through 11........ 8,482,128 8,486,537  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 665 0   665
b Accounting fees (attach schedule)....... Click to see attachment 54,292 0   54,292
c Other professional fees (attach schedule).... Click to see attachment 685,792 674,992   10,800
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 66,905 4,844   0
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 12,698 12,389   309
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 820,352 692,225   66,066
25 Contributions, gifts, grants paid....... 6,052,500 6,327,500
26 Total expenses and disbursements. Add lines 24 and 25 6,872,852 692,225   6,393,566
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,609,276
b Net investment income (if negative, enter -0-) 7,794,312
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......... 2,252,939 2,844,109 2,844,109
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 84,730,761 Click to see attachment84,183,886 107,604,091
c Investments—corporate bonds (attach schedule)....... 3,471,282 Click to see attachment3,625,360 3,812,817
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 17,922,929 Click to see attachment19,134,152 36,226,652
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment148,830 Click to see attachment73,510 Click to see attachment73,510
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 108,526,741 109,861,017 150,561,179
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 2,450,000 2,175,000
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)......... 2,450,000 2,175,000
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........ 1,000 1,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 106,075,741 107,685,017
29 Total net assets or fund balances (see instructions)..... 106,076,741 107,686,017
30 Total liabilities and net assets/fund balances (see instructions). 108,526,741 109,861,017
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
106,076,741
2
Enter amount from Part I, line 27a .....................
2
1,609,276
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
107,686,017
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
107,686,017
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 ACADIAN ALL COUNTRY WORLD EX US FUND P    
b CASH IN LIEU P    
c LT GAIN FROM K-1: ACADIAN ALL COUNTRY WORLD EX US FUND P    
d LT GAIN FROM K-1: BDT CAPITAL PARTNERS FUND I-A, LP P    
e LT GAIN FROM K-1: BDT CAPITAL PARTNERS FUND II, LP P    
LT GAIN FROM K-1: FALFURRIAS CAPITAL PARTNERS II, LP P    
LT GAIN FROM K-1: TTV FUND IV, LP P    
PUBLICLY TRADED SECURITIES P    
ST LOSS FROM K-1: ACADIAN ALL COUNTRY WORLD EX US FUND P    
LT GAIN FROM K-1: BDT CAPITAL PARTNERS FUND II-A SPIRITS P    
LT GAIN FROM K-1: FALFURRIAS CAPITAL PARTNERS III, LP P    
ST GAIN FROM K-1: BDT CAPITAL PARTNERS FUND II-A SPIRITS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 16,646   15,635 1,011
b       143
c       41,512
d       357,732
e       513,538
      1,087,025
      339
100,833,429   98,493,863 2,339,566
      -33,132
      831
      369,170
      37
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,011
b       143
c       41,512
d       357,732
e       513,538
      1,087,025
      339
      2,339,566
      -33,132
      831
      369,170
      37
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 4,677,772
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................................ 1 108,341
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 108,341
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 108,341
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 114,295
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 85,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 199,295
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 90,954
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet90,954 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletOH
    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 .Click to see attachment
    8b
     
    No
    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 ofbulletCOX FOUNDATIONS COX ENTERPRISES Telephone no.bullet (678) 645-0000

    Located atbullet6205-A PEACHTREE DUNWOODY ROADATLANTAGA ZIP+4bullet30328
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........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). Click to see attachment
    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
    JAMES C KENNEDY CHAIR/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    BLAIR PARRY-OKEDEN PRESIDENT/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    NANCY K RIGBY TREASURER/SECRETARY
    5.00     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    BARBARA K HARTY VICE PRESIDENT/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    ANDREW PARRY-OKEDEN VICE PRESIDENT/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    JOHN M DYER VICE PRESIDENT/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    JENNIFER E BLAKE ASSISTANT SECRETARY
    5.00     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    STG PARTNERS INVESTMENT MANAGEMENT FEES 674,992
    3455 PEACHTREE RD NE STE 1000
    ATLANTA,GA30326
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    100,276,621
    b
    Average of monthly cash balances.......................
    1b
    4,140,550
    c
    Fair market value of all other assets (see instructions)................
    1c
    36,226,653
    d
    Total (add lines 1a, b, and c).........................
    1d
    140,643,824
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    140,643,824
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,109,657
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    138,534,167
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,926,708
    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
    6,926,708
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    108,341
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    108,341
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,818,367
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,818,367
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    6,818,367
    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
    6,393,566
    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
     
    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
    6,393,566
    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
    6,393,566
    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 6,818,367
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,595,916
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 6,393,566
    a Applied to 2019, but not more than line 2a 1,595,916
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 4,797,650
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		2,020,717
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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
    ACCESS FUND
    4720 WALNUT STREET SUITE 200
    BOULDER,CO80301     		N/A PC GENERAL OPERATING SUPPORT 5,000
    AGAPE COMMUNITY CENTER INC
    2210 MARIETTA BOULEVARD NW
    ATLANTA,GA30318     		N/A PC HOLIDAY PROGRAM SUPPORT 25,000
    AMERICAN FRIENDS OF THE SCHOOL OF ST JUDE TANZANIA INC
    2810 AVENUE OF THE WOODS
    LOUISVILLE,KY40241     		N/A PC GENERAL OPERATING SUPPORT 500,000
    APPALACHIAN MOUNTAIN RESCUE TEAM
    108 RIVERWOODS DRIVE
    MORGANTON,NC28655     		N/A PC GENERAL OPERATING SUPPORT 2,500
    CAPITOL LEARNING ACADEMY
    725 8TH STREET SE
    WASHINGTON,DC20003     		N/A PC GENERAL OPERATING SUPPORT 10,000
    CITY OF REFUGE
    1300 JOSEPH E BOONE BLVD NW
    ATLANTA,GA30314     		N/A PC HOLIDAY PROGRAM SUPPORT 25,000
    COVENANT HOUSE GEORGIA
    1559 JOHNSON ROAD NW
    ATLANTA,GA30318     		N/A PC HOLIDAY PROGRAM SUPPORT 25,000
    DELTA WATERFOWL FOUNDATION
    1312 BASIN AVENUE
    BISMARCK,ND58504     		N/A PC SPECIAL PROJECT SUPPORT 100,000
    EARTHJUSTICE
    50 CALIFORNIA STREET SUITE 500
    SAN FRANCISCO,CA94111     		N/A PC GENERAL OPERATING SUPPORT 20,000
    EMORY UNIVERSITY
    201 DOWMAN DRIVE SUITE 404
    ATLANTA,GA30322     		N/A PC FEED THE FRONTLINE INITIATIVE, SUPPORT FOR WINSHIP CANCER INSTITUTE, AND SUPPORT FOR MEDICAL RESEARCH 1,525,000
    EMPOWER GOLF
    8/47 GLADESVILLE ROAD
    HUNTERS HILL,NSW, 2110  
    AS     		N/A NC GENERAL OPERATING SUPPORT 20,000
    ENVIRONMENTAL DEFENSE FUND INC
    1875 CONNECTICUT AVENUE NW SUITE
    600
    WASHINGTON,DC20009     		N/A PC GENERAL OPERATING SUPPORT 20,000
    GEORGIA CONSERVANCY
    230 PEACHTREE STREET NW SUITE 1250
    ATLANTA,GA30303     		N/A PC GENERAL OPERATING SUPPORT 50,000
    GEORGIA DEPARTMENT OF HUMAN SERVICES
    2 PEACHTREE STREET NW SUITE 19-472
    ATLANTA,GA30303     		N/A GOV SECRET SANTA PROGRAM FOR CHILDREN IN GEORGIA'S FOSTER CARE SYSTEM 25,000
    GOOD SAMARITAN HEALTH CENTER
    1015 DONALD LEE HOLLOWELL PARKWAY
    ATLANTA,GA30318     		N/A PC GENERAL OPERATING SUPPORT 25,000
    GREENWICH COUNTRY DAY SCHOOL INC
    401 OLD CHURCH RD
    GREENWICH,CT06836     		N/A PC CAPITAL CAMPAIGN SUPPORT AND SUPPORT FOR FACULTY AND STAFF 300,000
    HAWAII SCHOOL FOR GIRLS
    2933 PONI MOI ROAD
    HONOLULU,HI96815     		N/A PC GENERAL OPERATING SUPPORT 1,000,000
    HEALTH EDUCATION ASSESSMENT AND LEADERSHIP INC
    2600 MARTIN LUTHER KING JR BLVD SW
    SUITE 100
    ATLANTA,GA30311     		N/A PC GENERAL OPERATING SUPPORT 12,500
    HUNTER MEDICAL RESEARCH INSTITUTE
    LOCKED BAG 1000
    NEW LAMBTON,NSW, 2305  
    AS     		N/A NC SUPPORT FOR ADVANCED OUT-OF-HOSPITAL CARE INITIATIVE 500,000
    KAPIOLANI HEALTH FOUNDATION
    55 MERCHANT STREET SUITE 2600
    HONOLULU,HI98613     		N/A PC ANIMAL-ASSISTED THERAPY PROGRAM SUPPORT 85,000
    LAND TRUST ALLIANCE INCORPORATED
    1250 H STREET NW SUITE 600
    WASHINGTON,DC20005     		N/A PC GENERAL OPERATING SUPPORT 50,000
    MERCY CARE FOUNDATION INC
    5134 PEACHTREE ROAD
    CHAMBLEE,GA30341     		N/A PC GENERAL OPERATING SUPPORT 12,500
    MONTANA STATE UNIVERSITY FOUNDATION
    1501 S 11TH AVENUE
    BOZEMAN,MT59715     		N/A PC PROGRAM SUPPORT 25,000
    MYELOMA FOUNDATION OF AUSTRALIA INC
    335 SWAN STREET
    RICHARD,VICTORIA, 3121  
    AS     		N/A NC GENERAL OPERATING SUPPORT 50,000
    NORTH FULTON COMMUNITY CHARITIES
    11270 ELKINS ROAD
    ROSWELL,GA30076     		N/A PC HOLIDAY PROGRAM SUPPORT 50,000
    OPERATION HOMEFRONT
    731 PEACHTREE STREET NE SUITE A
    ATLANTA,GA30308     		N/A PC GENERAL OPERATING SUPPORT 12,500
    PLANNED PARENTHOOD SOUTHEAST INC
    241 PEACHTREE STREET SUITE 400
    ATLANTA,GA30303     		N/A PC SPECIAL PROJECT SUPPORT 430,000
    PROSTATE CANCER FOUNDATION
    1250 4TH STREET FLOOR 3
    SANTA MONICA,CA90401     		N/A PC PROGRAM SUPPORT 500,000
    RUBY VALLEY FOOD PANTRY
    PO BOX 637
    SHERIDAN,MT59749     		N/A PC HOLIDAY PROGRAM SUPPORT 5,000
    RURAL AID LTD
    PO BOX 1342
    SUNNYBANK HILLS,QUEENSLAND, 4109  
    AS     		N/A NC PROGRAM SUPPORT 10,000
    SOUTHEASTERN GUIDE DOGS INC
    4210 77TH STREET EAST
    PALMETTO,FL34221     		N/A PC GENERAL OPERATING SUPPORT 15,000
    STEADMAN PHILIPPON RESEARCH INSTITUTE
    181 WEST MEADOW DRIVE SUITE 1000
    VAIL,CO81657     		N/A PC SUPPORT FOR PRIORITY RESEARCH PROGRAMS 50,000
    THE LIVESTRONG FOUNDATION
    623 W 38TH STREET SUITE 300
    AUSTIN,TX78705     		N/A PC PROGRAM SUPPORT 50,000
    THE NATURE CONSERVANCY
    100 PEACHTREE ST NW SUITE 2250
    ATLANTA,GA30303     		N/A PC GENERAL OPERATING SUPPORT 2,500
    THE WILDERNESS SOCIETY
    1615 M STREET NW
    WASHINGTON,DC20036     		N/A PC GENERAL OPERATING SUPPORT 50,000
    TWIN BRIDGES SENIOR & COMMUNITY CENTER INC
    P O BOX 7
    TWIN BRIDGES,MT59754     		N/A PC HOLIDAY PROGRAM SUPPORT 10,000
    UNIVERSITY OF DENVER
    2199 S UNIVERSITY BLVD 107A
    DENVER,CO80210     		N/A PC SPECIAL PROJECT SUPPORT 700,000
    UPPER HUNTER WHERE THERES A WILL PTY LTD
    PO BOX 217
    SCONE,NSW, 2337  
    AS     		N/A NC PROGRAM SUPPORT 30,000
    Total .................................bullet 3a 6,327,500
    bApproved for future payment
    UNIVERSITY OF DENVER
    2199 S UNIVERSITY BLVD 107A
    DENVER,CO80210     		N/A PC SPECIAL PROJECT SUPPORT 300,000
    Total .................................bullet 3b 300,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 2,529,098  
    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 5,740  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 4,678,783  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIPS - BOOK     		    14 1,268,507  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 8,482,128 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,482,128
    (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:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 54,292 0   54,292

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    THE COUNTRY FOOD TRUST
          		4 CONDUIT STREET
    LONDON,W1S 2XE  
    UK     		2019-12-20 1,300 TO SUPPORT THE COUNTRY FOOD TRUSTS CORE PROGRAM, WHICH INVOLVES TAKING DONATED GAME FROM UK-BASED SHOOTS AND PREPARING NUTRITIOUS MEALS TO BE DONATED TO PEOPLE IN NEED. 1,300 NONE 8/24/20 (FUNDS EXPENDED IN FULL)   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    DUCKS UNLIMITED CANADA
          		1 MALLARD BAY AT HIGHWAY 220
    STONEWALL,MANITOBA ROC 220  
    CA     		2015-12-03 3,000,000 THE GRANT MATCHES AVAILABLE MIGRATORY BIRD TREATY COUNCIL (BRITISH PETROLEUM OIL SPILL SETTLEMENT) FUNDS ADMINISTERED BY THE NORTH AMERICA WETLANDS CONSERVATION ACT FOR WATERFOWL HABITAT CONSERVATION WORK ON THE NORTH AMERICAN PRAIRIE POTHOLE REGION. THE GRANT WAS PAID IN INCREMENTS OVER 3 YEARS (2015-2017). THE FIRST PAYMENT OF $1,000,000 WAS MADE ON DECEMBER 17, 2015. THE SECOND PAYMENT OF $1,000,000 WAS MADE ON NOVEMBER 15, 2016. THE THIRD PAYMENT OF $1,000,000 WAS MADE ON NOVEMBER 1, 2017. 2,084,911 NONE 6/22/2016; 6/30/2017; 8/3/2018; 8/1/2019; 8/6/2020   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    EMPOWER GOLF
          		8/47 GLADESVILLE RD
    HUNTERS HILL,NSW, 2110  
    AS     		2020-02-13 20,000 FOR PROVIDING RELIEF TO PERSONS WITH A PHYSICAL DISABILITY THROUGH GOLF. SPECIFICALLY, FUNDS WERE USED TO PROCURE A PARAGOLFER (AN ALL-TERRAIN SPECIALIZED MOBILITY DEVICE, WHICH MANEUVERS AN INDIVIDUAL INTO THE STANDING POSITION TO REPLICATE THE FULL GOLFING EXPERIENCE) AND RELATED TRANSPORT TRAILER. 20,000 NONE 11/27/20 (FUNDS EXPENDED IN FULL)   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    HUNTER MEDICAL RESEARCH INSTITUE (HMRI)
          		LOCKED BAG 1000
    NEW LAMBTON,NSW, 2305  
    AS     		2017-10-19 2,500,000 DEVELOP, IMPLEMENT AND EVALUATE AN EVIDENCE-BASED EDUCATION PROGRAM FOR PARAMEDICS, RELATED TELEHEALTH TECHNOLOGIES AND A MODEL OF CARE WHICH ENABLES 'ADVANCED OUT OF HOSPITAL CARE.' THE $2,500,000 PLEDGE IS PAYABLE OVER FIVE YEARS (2017-2022). THE FIRST PAYMENT OF $500,000 MADE ON OCTOBER 19, 2017. THE SECOND PAYMENT OF $500,000 WAS MADE ON NOVEMBER 7, 2018. THE THIRD PAYMENT OF $500,000 WAS MADE ON 11/26/19. THE FOURTH PAYMENT OF $500,000 WAS MADE ON 12/2/20.SEE BELOW FOR DATES OF PRIMARY REPORTS RECEIVED. SEONDARY REPORTS BY GRANTEE WERE ISSUED ON: 9/30/18, 9/30/19, AND 9/21/20. 1,770,481 NONE PRIMARY REPORTS: 3/28/18, 3/27/19, 3/27/20, 3/23/21   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    MYELOMA FOUNDATION OF AUSTRALIA
          		335 SWAN STREET
    RICHARD,VICTORIA, 3121  
    AS     		2020-12-10 50,000 FOR THE PURPOSES OF PROVIDING NURSING SERVICES AND SUPPORT TO TERMINALLY ILL MYELOMA PATIENTS AND THEIR FAMILIES IN AUSTRALIA. 50,000 NONE REPORT DUE 9/30/21   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    MYELOMA FOUNDATION OF AUSTRALIA
          		335 SWAN STREET
    RICHARD,VICTORIA, 3121  
    AS     		2019-12-18 50,000 FOR THE PURPOSES OF PROVIDING NURSING SERVICES AND SUPPORT TO TERMINALLY ILL MYELOMA PATIENTS AND THEIR FAMILIES IN AUSTRALIA. 50,000 NONE 12/3/20   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    UPPER HUNTER WHERE THERES A WILL PTY LTD
          		P O BOX 598
    SCONE,NSW, 2337  
    AS     		2018-12-27 20,000 TO PROVIDE LEADERSHIP DEVELOPMENT OPPORTUNITIES TO STUDENTS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO TEACHERS IN SCHOOLS WITHIN THE UPPER HUNTER COMMUNITY. 20,000 NONE 10/17/19; 2/10/20 (FUNDS EXPENDED IN FULL)   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    UPPER HUNTER WHERE THERES A WILL PTY LTD
          		P O BOX 598
    SCONE,NSW, 2337  
    AS     		2019-12-06 20,000 TO PROVIDE LEADERSHIP DEVELOPMENT OPPORTUNITIES TO STUDENTS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO TEACHERS IN SCHOOLS WITHIN THE UPPER HUNTER COMMUNITY. 20,000 NONE 12/22/20 (FUNDS EXPENDED IN FULL)   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    RURAL AID LTD
          		8 COLEBARD STREET E
    ACACIA RIDGE,QUEENSLAND, 4110  
    AS     		2020-01-09 10,000 TO ASSIST WITH THE DISASTER ASSISTANCE PROGRAM, PROVIDING HAY, DRINKING WATER AND FINANCIAL ASSISTANCE TO DISASTER-AFFECTED FARMERS REGISTERED WITH RURAL AID. 10,000 NONE 12/16/20 (FUNDS EXPENDED IN FULL)   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    UPPER HUNTER WHERE THERES A WILL PTY LTD
          		P O BOX 217
    SCONE,NSW, 2337  
    AS     		2020-12-24 30,000 TO PROVIDE LEADERSHIP DEVELOPMENT OPPORTUNITIES TO STUDENTS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO TEACHERS IN SCHOOLS WITHIN THE UPPER HUNTER COMMUNITY. 30,000 NONE 9/30/21   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Statement:
    PART VII-A, QUESTION 8B THE TRAILSEND FOUNDATION MEETS THE REQUIREMENTS AS SET BY THE OHIO ATTORNEY GENERAL. THE FOUNDATION FILES THE OHIO ANNUAL REPORT WITH THE STATE OF OHIO, IN LIEU OF FORM 990-PF, RETURN OF PRIVATE FOUNDATION.

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PRIVATE EQUITY - BOOK ONLY GAIN/LOSS   PURCHASED         COST 0 1,011  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALTERA CORP 52,055 55,415
    ALTRIA GROUP INC 77,498 82,347
    AMAZON INC 81,394 81,164
    AMERICAN EXPRESS CO 76,354 77,383
    AMERICAN HONDA FINANCE 74,979 80,193
    BANK OF AMERICA CORP 73,646 83,932
    BANK OF AMERICA CORP 75,548 83,255
    BANK OF MONTREAL 72,508 77,990
    BANK OF NEW YORK MELLON 76,380 82,035
    BB&T CORPORATION 74,279 75,000
    BP CAP MARKETS AMERICA 50,002 56,058
    CAPITAL ONE FINANCIAL CO GLB 04.750% JUL 15 2021 76,098 76,750
    CISCO SYSTEMS INC 67,690 71,464
    CITIGROUP INC 76,769 77,258
    COMCAST CORP 82,474 90,283
    DUKE ENERGY CAROLINAS 60,508 59,636
    FIFTH THIRD BANCORP 52,163 58,784
    FLORIDA POWER & LIGHT CO 54,452 54,413
    GENERAL DYNAMICS CORP 75,504 75,761
    GILEAD SCIENCES INC 75,381 81,745
    HOME DEPOT INC 77,565 82,240
    HONEYWELL INTERNATIONAL 77,419 77,707
    INTEL CORP 75,579 76,665
    JOHNSON & JOHNSON 76,898 81,961
    JPMORGAN CHASE & CO 74,725 79,396
    LAM RESEARCH CORP 80,111 89,970
    LOCKHEED MARTIN CORP 84,546 85,193
    MARSH & MCLENNAN COS INC 79,223 91,315
    MASTERCARD INC 74,665 82,183
    METLIFE INC 50,509 54,954
    MICROSOFT CORP 49,852 51,117
    MORGAN STANLEY 77,984 85,828
    NOVARTIS CAPITAL CORP 74,600 77,080
    NVIDIA CORP 84,523 84,919
    ORACLE CORP 49,860 50,664
    ORACLE CORP 54,519 54,728
    PFIZER INC 76,006 84,699
    PROGRESSIVE CORP 75,677 76,633
    QUALCOMM INC 74,749 77,836
    ROYAL BANK OF CANADA 75,059 75,144
    SANOFI-AVENTIS 75,312 75,659
    STATE STREET CORP 77,068 82,178
    TARGET CORP 76,725 83,027
    TOTAL CAPITAL INTL SA COMP GUARN GLB 2.700% JAN 25 2023 75,360 78,632
    UNION PACIFIC CORP 52,302 58,000
    UNITEDHEALTH GROUP INC 55,369 56,833
    UNITEDHEALTH GROUP INC 78,901 85,451
    US BANCORP 76,625 82,219
    US BANCORP 76,984 77,835
    VISA INC 55,576 56,093
    WELLS FARGO & CO 04.600% APR 01 2021 75,387 75,792

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADOBE SYS DEL PV$ 0.001 68,469 365,088
    AIR PRODUCTS & CHEM 402,842 434,693
    AIRBNB INC CL A 52,700 113,770
    ALIBABA GROUP HOLDING LT 174,708 368,644
    ALIGN TECH INC DEL COM 146,040 304,597
    ALPHABET INC SHS CL A 116,099 231,348
    ALPHABET INC SHS CL C 114,223 231,248
    ALTRIA GROUP INC 400,387 320,784
    AMAZON COM INC COM 161,713 517,852
    AMAZON COM INC COM 193,527 560,192
    AMERICAN FINL GRP HLDGS 211,354 225,271
    AMETEK INC NEW 69,455 133,639
    APPLE INC 252,545 764,958
    APPLIED INDUSTRL TECH 120,684 143,190
    ASSOCIATED BANC CRP .01 151,860 121,140
    ATLASSIAN CORP PLC 70,581 166,048
    ATMOS ENERGY CORP COM 97,530 114,993
    AUTODESK INC COM ISIN #US0527691069 SED 139,794 417,705
    AUTOMATIC DATA PROC 37,353 54,622
    BANCORPSOUTH BANK 164,990 186,177
    BANKUNITED INC 131,155 136,972
    BEACH POINT ACCESS LTD 2,500,000 3,116,384
    BERKLEY W R CORP 103,215 119,091
    BERKSHIRE HATHAWAYINC DEL CL B NEW 548,596 693,987
    BIO RAD LABS CL A 158,484 182,243
    BLACK HILLS CORP 45,768 107,844
    BLACKROCK INC 306,520 621,246
    BLACKROCK MULTI-SECTOR 2,459,689 2,192,500
    BOEING COMPANY 256,352 334,148
    CARLISLE COS INC 129,453 186,010
    CERNER CORP COM 99,140 125,803
    CHAMPIONX 180,291 120,595
    CHARTER COMMUNICATIONS INC NEW CL A 208,395 256,681
    CHEVRON CORP 395,409 309,425
    CINN FINCL CRP OHIO 224,107 269,100
    CISCO SYSTEMS INC COM 335,935 405,614
    CISCO SYSTEMS INC COM 111,243 129,372
    CLARIVATE ANALYTICS PLC 53,488 95,666
    COCA COLA COM 191,720 230,547
    COLGATE PALMOLIVE 96,671 116,892
    COMCAST CORP NEW CL A 397,241 408,930
    COOPER COS INC COM NEW 127,073 125,867
    COSTAR GROUP INC COM 99,010 268,041
    COUPONS COM INC 58,524 115,229
    COUSINS PROPS INC REIT 142,013 136,513
    CROWN CASTLE INTL CORP 313,113 454,806
    DEERE CO 130,180 296,224
    DEXCOM INC 80,223 100,564
    DIAGEO PLC SPSD ADR NEW FGN 386,188 458,802
    DISNEY (WALT) CO COM STK 195,278 284,271
    DOMINION RES INC NEW VA 375,264 395,552
    DOORDASH INC REG SHS 86,298 97,070
    DOUBLELINE CORE FIXED 6,090,164 6,395,818
    DOUBLELINE TOTAL RETURN 7,584,939 7,690,484
    DOVER CORP 97,151 168,923
    EDWARDS LIFESCIENCES CRP 71,836 158,740
    ENVISTA HOLDINGS CORP 168,210 271,155
    EQUINIX INC 49,279 89,273
    EQUITY COMMONWEALTH 77,141 69,919
    EXPEDITORS INTL WASH INC 112,207 181,089
    FACEBOOK INC CLASS A COMMON STOCK 172,487 344,182
    FACEBOOK INC CLASS A COMMON STOCK 215,597 442,519
    FACTSET RESH SYS INC 76,113 115,710
    FASTENAL COMPANY 237,846 380,972
    FIVERR INTL LTD 127,371 134,229
    FLOOR AND DECOR HLDGS 90,979 203,991
    FRANKLIN RES INC COM ISIN #US3546131018 216,658 165,459
    GROCERY OUTLET HLDG CORP 113,815 130,271
    ILLUMINA INC COM 131,641 167,980
    ILLUMINA INC COM 76,931 190,550
    INTEL CORP 288,584 381,721
    INTUIT COM 208,218 309,578
    INTUITIVE SURGICAL INC NEW 63,774 101,444
    ISHARES CORE U.S. 2,412,620 2,422,932
    ISHARES EDGE MSCI 4,788,484 5,263,791
    ISHARES EDGE MSCI 2,939,065 2,904,169
    ISHARES EDGE MSCI 5,022,474 6,498,998
    ISHARES EDGE MSCI MIN 2,528,126 2,804,398
    ISHARES EDGE MSCI MIN VOL USA ETF 6,472,415 8,065,568
    ISHARES EDGE MSCI MIN VOL USA ETF 1,430,391 1,885,175
    ISHARES EDGE MSCI USA MOMENTUM FACTOR ETF 3,424,974 6,188,490
    ISHARES MSCI EAFE 2,836,807 3,383,439
    ISHARES RUSSELL 1000 3,692,777 4,566,487
    ISHARES RUSSELL 1000 6,839,878 8,094,652
    JOHNSON AND JOHNSON COM 525,615 600,719
    LKQ CORP 143,024 241,641
    LOWE-S COMPANIES INC 283,234 582,812
    MADDEN STEVEN LTD 144,757 185,536
    MATCH GROUP INC 178,898 478,819
    MERCK AND CO INC SHS 342,503 434,440
    MICROCHIP TECHNOLOGY INC 83,757 145,982
    MICROSOFT CORP 188,166 596,753
    MICROSOFT CORP 120,721 321,842
    MIRATI THERAPEUTICS INC 13,827 31,628
    MONSTER BEVERAGE SHS 167,408 279,752
    MORNINGSTAR INC 115,537 172,520
    MULTIPLAN CORP 148,716 112,835
    NESTLE S A REP RG SH ADR 263,847 350,219
    NETFLIX COM INC 286,805 648,876
    NINTENDO CO LTD 385,650 439,720
    NISOURCE INC 147,170 163,952
    NOMAD FOODS LTD SHS 116,704 138,564
    NORFOLK SOUTHERN CORP 296,258 555,532
    NOVARTIS ADR 239,638 259,305
    NOVO NORDISK 51,167 70,549
    NVIDIA CORP 102,809 360,318
    ORACLE CORP $0.01 DEL 215,332 302,749
    OTIS WORLDWIDE CORP REG 128,345 179,953
    PAYCHEX INC 218,039 373,093
    PFIZER INC 350,368 390,591
    PHILIP MORRIS INTL INC 295,295 294,318
    PIONEER NATURAL RES CO 75,284 104,551
    PTC INC SHS 75,771 123,677
    QUALCOMM INC 85,405 219,674
    REGAL BELOIT CORP WIS 173,973 228,058
    REGENERON PHARMACTCLS 144,080 199,524
    ROCHE HLDG LTD SPN ADR FGN 170,931 198,727
    RPM INTERNATIONAL INC 117,382 199,262
    SALESFORCE COM INC 201,169 296,632
    SAREPTA THERAPEUTICS INC 44,326 61,035
    SCHLUMBERGER LTD FGN 172,494 87,124
    SEA LTD 205,401 794,210
    SEI INVT CO PA PV $0.01 104,591 112,067
    SERVICENOW INC 129,927 550,430
    SNOWFLAKE INC REG SHS 38,400 90,048
    SQUARE INC SHS CL A 270,344 628,980
    STARBUCKS CORP 143,922 203,904
    STATE STREET CORP 111,094 130,131
    TARGET CORP COM 170,226 472,747
    TELEDYNE TECH INC 39,330 88,196
    TENABLE HOLDINGS INC REG 83,941 128,716
    TERMINIX GLOBAL HOLDINGS INC COM 133,675 188,533
    TEXAS INSTRUMENTS 443,778 662,100
    TREEHOUSE FOODS INC COM 86,013 69,641
    TRINET GROUP INC CALIF 20,617 37,963
    TWILIO INC CL A 160,186 363,549
    UBER TECHNOLOGIES INC 389,700 460,020
    UNITED PARCEL SVC CL B 370,981 527,766
    VALMONT INDS INC 183,593 251,199
    VERIZON COMMUNICATNS COM 383,389 408,959
    VISA INC CL A SHRS 237,879 453,209
    VISA INC CL A SHRS 255,292 619,006
    VULCAN MATERIALS CO 69,242 82,905
    WARNER MUSIC GROUP CORP 158,178 221,482
    WORKDAY INC CL A 62,499 111,419
    YUM BRANDS INC 67,739 100,309
    YUM CHINA HOLDINGS INC 43,282 70,563
    ZILLOW INC SHS CL A 84,092 234,938
    ZOETIS INC 190,328 269,765

    TY 2020 InvestmentsOtherSchedule2
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACADIAN ALL COUNTRY WORLD EX US FUND AT COST 2,234,251 2,714,859
    BDT CAPITAL PARTNERS FUND I-A L.P. AT COST 1,425,104 3,768,218
    BDT CAPITAL PARTNERS FUND II, L.P. AT COST 5,284,426 5,786,749
    BDT CAPITAL PARTNERS FUND II-A SPIRITS, L.P. AT COST 66,046 116,135
    FALFURRIAS CAPITAL PARTNERS II, LP AT COST 428,377 305,881
    FALFURRIAS CAPITAL PARTNERS III, LP AT COST 1,894,991 13,384,655
    FALFURRIAS CAPITAL PARTNERS IV, L.P. AT COST 1,035,783 1,865,957
    GOLUB CAPITAL PARTNERS ROLLOVER FUND 2, L.P. AT COST 3,500,000 3,574,957
    REGIMENT CAPITAL SPECIAL SITUATIONS FUND V, LP AT COST 105,427 42,149
    TCW DIRECT LENDING, LLC AT COST 657,075 635,033
    TTV FUND IV, L.P. AT COST 1,301,238 2,791,808
    TTV FUND V, L.P. AT COST 201,565 241,465
    TTV GL OPPORTUNITY INVESTMENT FUND LP AT COST 999,869 998,786

    TY 2020 LegalFeesSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 665 0   665


    TY 2020 OtherAssetsSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST RECEIVABLE 34,929 34,821 34,821
    DIVIDEND RECEIVABLE 113,901 38,689 38,689


    TY 2020 OtherExpensesSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSE 109 0   109
    BANK FEES 12,389 12,389   0
    STATE FILING FEE 200 0   200


    TY 2020 OtherIncomeSchedule2
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 5,740 5,740 5,740
    PARTNERSHIPS - NII 0 1,273,092 0
    PARTNERSHIPS - BOOK 1,268,507   1,268,507


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 674,992 674,992   0
    CONSULTING FEES 10,800 0   10,800


    TY 2020 TaxesSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 16,905 4,844   0
    FEDERAL INCOME TAXES 50,000 0   0