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
EASTMAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 431
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
KINGSPORT, TN37662
A Employer identification number

62-1614800
B Telephone number (see instructions)

(423) 229-6407
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$5,528,804J 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) 112,425
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 143,832 143,832  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 256,257 143,832  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 31,072 23,304   0
c Other professional fees (attach schedule).... Click to see attachment 250,000 0   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,355 0   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 15,343 12,646   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 298,770 35,950   0
25 Contributions, gifts, grants paid....... 1,801,059 1,801,059
26 Total expenses and disbursements. Add lines 24 and 25 2,099,829 35,950   1,801,059
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,843,572
b Net investment income (if negative, enter -0-) 107,882
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......... 2,290,229 399,726 399,726
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)....... 1,652,522 Click to see attachment1,652,522 5,094,023
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment36,475 Click to see attachment35,055 Click to see attachment35,055
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,979,226 2,087,303 5,528,804
Liabilities 17 Accounts payable and accrued expenses.......... 3,000  
18 Grants payable................. 1,708,860 1,663,509
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)......... 1,711,860 1,663,509
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........... 2,173,441 409,465
25 Net assets with donor restrictions............ 93,925 14,329
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    
29 Total net assets or fund balances (see instructions)..... 2,267,366 423,794
30 Total liabilities and net assets/fund balances (see instructions). 3,979,226 2,087,303
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
2,267,366
2
Enter amount from Part I, line 27a .....................
2
-1,843,572
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
423,794
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
423,794
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
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  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,500
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,500
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,500
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 31
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 31
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   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$ 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)
    bulletTN
    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 addressbulletHTTPS://EASTMANFOUNDATION.COM/
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (423) 229-6407

    Located atbulletPO BOX 431KINGSPORTTN ZIP+4bullet37662
    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
     
    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).
    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
    PERRY STUCKEY DIRECTOR
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    SHALINI RAJOO CORPORATE SECRETARY
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    DONNY CHIA DIRECTOR & TREASURER
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    CEEGEE MCCORD DIRECTOR & VICE PRESIDENT
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    DAVID GOLDEN DIRECTOR & PRESIDENT
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    WILLIE MCLAIN DIRECTOR
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    STEVE G CRAWFORD DIRECTOR
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    GREGORY A RIDDLE DIRECTOR
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    3,756,043
    b
    Average of monthly cash balances.......................
    1b
    1,612,174
    c
    Fair market value of all other assets (see instructions)................
    1c
    35,055
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,403,272
    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
    5,403,272
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    399,727
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,003,545
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    250,177
    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
    250,177
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,500
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,500
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    248,677
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    248,677
    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
    248,677
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,801,059
    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
    1,801,059
    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
    1,801,059
    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 7 248,677
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 2,313,407
    b From 2016...... 2,226,836
    c From 2017...... 2,331,493
    d From 2018...... 3,082,077
    e From 2019...... 1,526,054
    fTotal of lines 3a through e........ 11,479,867
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,801,059
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 248,677
    e Remaining amount distributed out of corpus 1,552,382
    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 13,032,249
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		2,313,407
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		10,718,842
    10 Analysis of line 9:
    a Excess from 2016.... 2,226,836
    b Excess from 2017.... 2,331,493
    c Excess from 2018.... 3,082,077
    d Excess from 2019.... 1,526,054
    e Excess from 2020.... 1,552,382
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CEEGEE MCCORD
    PO BOX 431
    KINGSPORT,TN37662
    (423) 229-6407
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICATION, A COPY OF THEIR 501(C)(3) TAX EXEMPT LETTER, AND AN INVOICE
    cAny submission deadlines:
    JULY 31ST OF THE PREVIOUS YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONTRIBUTIONS ARE USUALLY DIRECTED TOWARD COMMUNITIES IN WHICH COMPANY HAS OPERATING UNITS. THE COMPANY DOES NOT MAKE CASH CONTRIBUTIONS TO INDIVIDUAL AGENCIES SUPPORTED BY THE AREA UNITED WAY ORGANIZATION. GENERALLY, CONTRIBUTIONS ARE NOT MADE TO INDIVIDUALS, TEAMS, LABOR, VETERANS, FRATERNAL, SOCIAL, RELIGIOUS, POLITICAL, OR NATIONAL HEALTH ORGANIZATIONS.
    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
    AKSHAYA PATRA FOUNDATION
    203 DHEERAJ HERITAGE S V ROAD
    SANTACRUZ
    MUMBAI,MAHARASHTRA400064
    IN     		NONE PC COVID 19 RELIEF 10,000
    AMERICAN CANCER SOCIETY
    508 PRINCETON ROAD
    JOHNSON CITY,TN37601     		NONE PC RELAY FOR LIFE 500
    AMERICAN INSTITUTE OF CHEMICAL ENGINEERS
    120 WALL STREET
    NEW YORK,NY10005     		NONE PC GRANT 500
    ANDERSON ELEMENTARY SCHOOL
    901 9TH STREET
    BRISTOL,TN37620     		NONE I SCHOLARSHIP 700
    ANEURIN BEVAN UNIVERSITY HEALTH BOARD
    LODGE ROAD CAERLEON
    NEWPORT,WALES  
    UK     		NONE PC COVID-19 RELIEF 20,000
    APPALACHIAN SUSTAINABLE DEVELOPMENT
    1096 OLD BERRY DRIVE
    ABINGDON,VA24210     		NONE PC GRANT 25,000
    AVOCA ELEMENTARY SCHOOL
    2440 VOLUNTEER PARKWAY
    BRISTOL,TN37620     		NONE I SCHOLARSHIP 700
    BLOUNTVILLE MIDDLE SCHOOL
    1651 BLOUNTVILLE BLVD
    BLOUNTVILLE,TN37617     		NONE I SCHOLARSHIP 1,400
    BOONES CREEK ELEMENTARY SCHOOL
    132 HIGHLAND CHURCH RD
    JOHNSON CITY,TN37615     		NONE I SCHOLARSHIP 1,400
    CARITAS DIOCESANA TERRASSA
    CARRER DE TOPETE
    TERRASSA,BARCELONA  
    SP     		NONE PUBLIC CHARITY COVID 19 RELIEF 10,000
    CATHOLIC CHARITIES OF THE DIOCESE OF GALVESTON
    2900 LOUISIANA STREET
    HOUSTON,TX77006     		NONE PUBLIC CHARITY COVID 19 RELIEF 5,000
    CHEMICAL EDUCATION FOUNDATION
    1560 WILSON BLVD
    ARLINGTON,VA22209     		NONE PC CEF GENERAL CONTRIBUTION 15,000
    CHESTER VALLEY MINISTER'S ASSOCIATION
    PO BOX 227
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY COVID 19 RELIEF 5,000
    CHRISTUS GOOD SHEPHERD FOUNDATION
    700 E MARSHALL AVE
    LONGVIEW,TX75601     		NONE PUBLIC CHARITY OPERATIONS 5,000
    CHURCH HILL MIDDLE SCHOOL
    211 OAK STREET
    CHURCH HILL,TN37642     		NONE I SCHOLARSHIP 1,400
    CLINCH SCHOOL
    1540 CLINCH VALLEY RD
    EIDSON,TN37731     		NONE I SCHOLARSHIP 1,800
    COALITION FOR BETTER HEALTH
    505 PARK AVENUE 4TH FLOOR
    NEW YORK,NY10022     		NONE PUBLIC CHARITY OPERATIONS 25,000
    COMMUNITY ACTION PLANNING COUNCIL
    518 DAVIDSON STREET 1
    WATERTOWN,NY13601     		NONE PUBLIC CHARITY COVID 19 RELIEF 50,000
    COMMUNITY ENABLER DEVELOPER
    104 E F ST SUITE 1
    ANNISTON,AL36201     		NONE PC COVID 19 RELIEF 15,000
    COMMUNITY FOOD PANTRY CORPORATION
    PO BOX 345
    CHESTERTOWN,MD21620     		NONE PC OPERATIONS 1,000
    COMMUNITY FOUNDATION OF NORTHEAST ALABAMA
    1130 QUINTARD AVE 100
    ANNISTON,AL36201     		NONE PC COVID 19 RELIEF 15,000
    COMMUNITY SURVIVAL CENTER
    240 MAIN STREET
    INDIAN ORCHARD,MA01151     		NONE PC COVID 19 RELIEF 15,000
    CROIX-ROUGE DE BELGIQUE
    RUE DE STALLE 96 1180
    BRUSSELS,BRUSSELS  
    BE     		NONE PC COVID-19 RELIEF 10,000
    CRUZ ROJA ESPANOLA
    AVENIDA REINA VICTORIA 26-28
    MADRID,MADRID  
    SP     		NONE PC COVID 19 RELIEF 10,000
    EAST SPRINGFIELD NEIGHBORHOOD COUNCIL
    1437 CAREW ST
    SPRINGFIELD,MA01104     		NONE PC COVID 19 RELIEF 20,000
    EAST TENNESSEE STATE UNIVERSITY
    1276 GILBREATH DRIVE
    JOHNSON CITY,TN37614     		NONE PC REGIONAL SCIENCE FAIR, ACADEMIC ALLIANCE, MATHLETES PROGRAM 44,649
    EAST TEXAS ALZHEIMER'S ALLIANCE
    1125 JUDSON RD SUITE 100
    LONGVIEW,TX75601     		NONE PC CHARITABLE CONTRIBUTIONS 1,000
    EAST TEXAS ANGEL NETWORK
    PO BOX 9544
    LONGVIEW,TX75608     		NONE PC GRANT 2,500
    EAST TEXAS LITERACY NETWORK
    320 E METHVIN ST
    LONGVIEW,TX75601     		NONE PC SLEWENCZUK - 04/29/21 09:44PM WORKSHEET PRIVATE FOUNDATION 2,500
    EAST TEXAS SYMPHONIC BAND
    PO BOX 251
    LONGVIEW,TX75606     		NONE PC GRANT 2,000
    EASTER SEALS
    141 W JACKSON BLVD
    CHICAGO,IL60604     		NONE PC CAMP FAIRLEE 500
    EASTMAN CHEMICAL COMPANY
    200 S WILCOX DR
    KINGSPORT,TN37660     		SUBSTANTIAL CONTRIBUTOR I TO REPAY EASTMAN FOR HURRICANE HARVEY PURPOSES 25,267
    FAIRMONT ELEMENTARY SCHOOL
    1405 LESTER HARRIS AVE
    KINGSPORT,TN37601     		NONE I SCHOLARSHIP 800
    FAMILY PROMISE OF LONGVIEW - INTERFAITH HOSPITALITY NETWORK
    700 N EDITH ST
    LONGVIEW,TX75601     		NONE PC DONATION 1,500
    FEDERATION BELGE DES BANQUEST ALIMENTAIRS
    CHAUSSEE DE ZELLIK 12-1082
    BRUSSELS,BRUSSELS  
    BE     		NONE PC COVID 19 RELIEF 10,000
    FEEDING AMERICA SOUTHWEST VIRGINIA
    21452 GRAVEL LAKE ROAD
    ABINGDON,VA24211     		NONE PC COVID 19 RELIEF. 70,000
    FIRST BOOK - GREATER KINGSPORT
    1319 F ST NW
    WASHINGTON,DC20004     		NONE PC OPERATIONS 2,000
    FISH AND LOAVES
    246 W MAIN STREET
    JOHNSON CITY,TN37604     		NONE PC COVID 19 RELIEF 5,000
    FONDO UNIDO IAP
    RIO PANUCO 13 COL RENACIIMIENTO
    CUAUHTEMOC,CHIHUAHUA  
    MX     		NONE PC COVID 19 RELIEF 10,000
    FOOD BANK OF WESTERN MASSACHUSETTS
    97 N HATFIELD RD
    HATFIELD,MA01038     		NONE PC COVID 19 RELIEF 50,000
    GALVESTON COUNTY FOOD BANK
    624 4TH AVE N
    TEXAS CITY,TX77590     		NONE PC COVID 19 RELIEF 5,000
    GOONJ
    J-93 SARITA VIHAR
    NEW DELHI,PUNJAB1010076
    IN     		NONE PC COVID 19 RELIEF 10,000
    GRAND ARMY OF THE REPUBLIC POST 25
    206 SOUTH QUEEN STREET
    CHESTERTOWN,MD21620     		NONE PC COVID 19 RELIEF 2,000
    GRAY ELEMENTARY SCHOOL
    755 GRAY STATION ROAD
    GRAY,TN37615     		NONE I SCHOLARSHIPS 1,800
    GREATER KINGSPORT FAMILY YMCA
    1840 MEADOWVIEW PKWY
    KINGSPORT,TN37660     		NONE PC CHARITABLE CONTRIBUTIONS 40,000
    GREATER LONGVIEW ORG FOR BUSINESS AND EDUCATION
    PO BOX 3441
    LONGVIEW,TX75606     		NONE PC EASTMAN GRANT 6,000
    GREATER LONGVIEW UNITED WAY
    310 S FREDONIA ST
    LONGVIEW,TX75601     		NONE PC EASTMAN GRANT 70,000
    GREATER PITTSBURGH COMMUNITY FOOD BANK
    1 N LINDEN ST
    DUQUESNE,PA15110     		NONE PC COVID 19 RELIEF 10,000
    GREGG CO HISTORICAL MUSEUM
    214 N FREDONIA STREET
    LONGVIEW,TX75601     		NONE PC OPERATIONS 500
    HALLSVILLE AREA UNITED FUND
    PO BOX 697
    HALLSVILLE,TX75650     		NONE PC COVID 19 RELIEF 20,000
    HALLSVILLE ISD EDUCATION FOUNDATION
    300 WILLOW STREET
    HALLSVILLE,TX75650     		NONE PC GRANT FOR TEACHERS 1,000
    HARRISON COUNTY UNITED WAY
    110 LISA LN
    MARSHALL,TX75672     		NONE PC COVID 19 RELIEF. 30,000
    HAWKINS ELEMENTARY SCHOOL
    1121 E MAIN ST
    ROGERSVILLE,TN37857     		NONE I SCHOLARSHIP 700
    HAYNESFIELD ELEMENTARY SCHOOL
    201 BLUFF CITY HWY
    BRISTOL,TN37620     		NONE I SCHOLARSHIP 1,800
    HEATEGEVUSFOND SUDAMETE SOOJUS MTU
    LUISE 22 10142
    TALLINN,HARJU COUNTY  
    EN     		NONE PC COVID 19 RELIEF 12,000
    HENRY COUNTY PUBLIC SCHOOLS
    3300 KINGS MOUNTAIN ROAD ADMIN BLDG
    COLLINSVILLE,VA24078     		NONE I OPERATIONS 40,000
    HIGHWAY 80 RESCUE MISSION
    3117 W MARSHALL AVE
    LONGVIEW,TX75604     		NONE PC COVID 19 RELIEF 20,000
    HOLSTON ELEMENTARY
    2348 HWY 75
    BLOUNTVILLE,TN37617     		NONE I SCHOLARSHIP 700
    HOLSTON MIDDLE SCHOOL
    2348 HWY 75
    BLOUNTVILLE,TN37617     		NONE I SCHOLARSHIP 700
    HOLSTON VIEW ELEMENTARY SCHOOL
    1840 KING COLLEGE ROAD
    BRISTOL,TN37620     		NONE I SCHOLARSHIP 700
    INDIAN ORCHARD CITIZENS COUNCIL
    117 MAIN STREET
    INDIAN ORCHARD,MA01151     		NONE PC COVID 19 RELIEF 20,000
    INDIAN TRAIL INTERMEDIATE SCHOOL
    307 CAR-MOL DRIVE
    JOHNSON CITY,TN37601     		NONE I SCHOLARSHIP 400
    INNOVATION ACADEMY
    2348 HWY 75
    BLOUNTVILLE,TN37617     		NONE I SCHOLARSHIP 700
    IRMANDADE DA SANTA CASA DE MISERICORDIA
    LARGO MAJ ROSA BASTOS 9
    POVOA DE SANTO ADRIAO,ODIVELAS2620-118
    PO     		NONE PC COVID 19 RELIEF 15,000
    JEFFERSON ELEMENTARY SCHOOL
    2216 WESTMORELAND AVENUE
    KINGSPORT,TN37664     		NONE I SCHOLARSHIP 1,800
    JOHN ADAMS ELEMENTARY SCHOOL
    2727 EDINBURGH CHANNEL ROAD
    KINGSPORT,TN37664     		NONE I SCHOLARSHIP 700
    JUNIOR ACHIEVEMENT OF EAST TEXAS
    911 W LOOP 281
    LONGVIEW,TX75604     		NONE PC FINANCE CLASSES 6,000
    JUNIOR ACHIEVEMENT OF THE TRI CITIES
    330 BROAD STREET
    KINGSPORT,TN37660     		NONE PC 2018 PLEDGE 15,000
    JUNIOR LEAGUE OF LONGVIEW
    1109 N 4TH STREET
    LONGVIEW,TX75601     		NONE PC OPERATIONS 2,500
    KENNEDY ELEMENTARY SCHOOL
    1500 WOODLAND AVE
    KINGSPORT,TN37665     		NONE I SCHOLARSHIP 700
    KENT -QUEEN ANNE'S RESCUE SQUAD
    140 MORGNEC RD
    CHESTERTOWN,MD21620     		NONE PC OPERATIONS 500
    KENT COUNTY COMMUNITY FOOD BANK
    401 HIGH ST
    CHESTERTOWN,MD21620     		NONE PC OPERATIONS 1,000
    KEPLAR ELEMENTARY SCHOOL
    1914 BUREM RD
    ROGERSVILLE,TN37857     		NONE I SCHOLARSHIP 700
    KINGSPORT ART GUILD
    1200 E CENTER STREET
    KINGSPORT,TN37660     		NONE PC 2018 APPALACHIAN ART SHOW 3,000
    KINGSPORT BALLET
    201 CHEROKEE ST
    KINGSPORT,TN37660     		NONE PC OPERATIONS 5,000
    KINGSPORT CHAMBER FOUNDATION
    400 CLINCHFIELD ST 100
    KINGSPORT,TN37660     		NONE PC EASTMAN GRANT; STREAMWORKS 78,348
    KIRKKOPALVELUTRY
    PO BOX 176
    JRVENP,UUSIMAA04401
    FI     		NONE PUBLIC CHARITY COVID 19 RELIEF 12,000
    LAKE RIDGE ELEMENTARY SCHOOL
    1001 LAKE RIDGE SQUARE
    JOHNSON CITY,TN37601     		NONE I SCHOLARSHIPS 1,100
    LAMAR SCHOOL
    3261 HWY 81 S
    JONESBOROUGH,TN37615     		NONE I SCHOLARSHIP 700
    LEGER DES HEILS MIDDELBURG
    HET ZWIN 1
    MIDDELBURG,ZEELAND4335
    NL     		NONE PUBLIC CHARITY COVID 19 RELIEF 2,500
    LIBERTY BELL MIDDLE SCHOOL
    718 MORNINGSIDE DR
    JOHNSON CITY,TN37604     		NONE I SCHOLARSHIP 700
    LINCOLN ELEMENTARY SCHOOL
    1000 SUMMER ST
    KINGSPORT,TN37664     		NONE I SCHOLARSHIP 400
    LINDEN INTERFAITH NETWORK FOR COMMUNITY
    14 W MUNSELL AVE
    LINDEN,NJ07036     		NONE PC COVID 19 RELIEF 5,000
    LIPSCOMB UNIVERSITY
    1 UNIVERSITY PARK DR
    NASHVILLE,TN37204     		NONE I 5 YEAR SERVICE INITIATIVES 5,000
    LONGVIEW COMMUNITY MINISTRIES
    506 N SECOND ST
    LONGVIEW,TX75601     		NONE PC OPERATIONS 2,500
    LONGVIEW ISD EDUCATION FOUNDATION
    1301 EAST YOUNG ST
    LONGVIEW,TX75602     		NONE PC DONATION 1,000
    LONGVIEW PRCA RODEO
    100 GRAND BLVD
    LONGVIEW,TX75604     		NONE PC OPERATIONS 2,500
    MARTINSVILLE CITY PUBLIC SCHOOLS
    746 INDIAN TRAIL POST OFFICE BOX
    5548
    MARTINSVILLE,VA24112     		NONE I SCHOLARSHIP 20,000
    MI LEWIS SOCIAL SERVICE CENTER
    215 FM 517 ROAD E
    DICKINSON,TX77539     		NONE PC COVID 19 RELIEF 5,000
    MISSION MARSHALL
    2109 S WASHINGTON AVE
    MARSHALL,TX75670     		NONE PC COVID 19 RELIEF 20,000
    MOUNTAIN VIEW ELEMENTARY SCHOOL
    907 KING SPRINGS RD
    JOHNSON CITY,TN37601     		NONE I SCHOLARSHIP 700
    NATIONAL MERIT SCHOLARSHIP CORPORATION
    1560 SHERMAN AVE SUITE 200
    EVANSTON,IL60201     		NONE PC SCHOLARSHIP 31,195
    NORTH SIDE ELEMENTARY SCHOOL
    1000 N ROAN ST
    JOHNSON CITY,TN37601     		NONE I SCHOLARSHIP 700
    OLIVET PRESBYTERIAN CHURCH FOOD BANK
    2575 GARTH RD
    CHARLOTTESVILLE,VA22901     		NONE PC OPERATIONS 4,500
    OPERATION FOOD SEARCH INC
    1644 LOTSIE BLVD
    ST LOUIS,MO63132     		NONE PC COVID 19 RELIEF 10,000
    PETWORKS
    3101 E STONE DRIVE
    KINGSPORT,TN37660     		NONE PC OPERATIONS 100,000
    RANDOLPH PARK ELEMENTARY SCHOOL
    2200 W 17TH ST
    ANNISTON,AL36201     		NONE I SCHOLARSHIPS 2,000
    REFUGE INTERNATIONAL
    104 MONTGOMERY ST
    GILMER,TX75644     		NONE PC OPERATIONS 500
    ROBINSON MIDDLE SCHOOL
    1517 JESSEE ST
    KINGSPORT,TN37664     		NONE I SCHOLARSHIP 700
    ROCK SPRINGS ELEMENTARY SCHOOL
    1238 MORELAND DR
    KINGSPORT,TN37664     		NONE I SCHOLARSHIP 1,100
    ROGERSVILLE MIDDLE SCHOOL
    958 E MCKINNEY AVE
    ROGERSVILLE,TN37857     		NONE I SCHOLARSHIPS 700
    SACRED HEART COMMUNITY SERVICE
    1381 S 1ST ST
    SAN JOSE,CA95110     		NONE PC COVID 19 RELIEF 25,000
    SALVATION ARMY
    615 SLATERS LN
    ALEXANDRIA,VA22314     		NONE PC OPERATIONS 2,000
    SECOND HARVEST FOOD BANK OF NORTHEAST TENNESSEE
    1020 JERICHO DR
    KINGSPORT,TN37663     		NONE PC COVID 19 RELIEF 175,000
    SECOND HARVEST FOOD BANK OF SOUTHERN WISCONSIN
    2802 DAIRY DR
    MADISON,WI53718     		NONE PC COVID 19 RELIEF 25,000
    SECOND HARVEST OF SILICON VALLEY
    750 CURTNER AVE
    SAN JOSE,CA95125     		NONE PC COVID 19 RELIEF 50,000
    SEESAW CHILDREN'S PLACE
    1450 W FAIRMONT ST
    LONGVIEW,TX75604     		NONE PC OPERATIONS 1,500
    SHOEMAKER ELEMENTARY SCHOOL
    SHOEMAKER ELEMENTARY SCHOOL
    GATE CITY,VA24251     		NONE I SCHOLARSHIP 400
    SILICON VALLEY COMMUNITY FOUNDATION
    2440 W EL CAMINO REAL 300
    MOUNTAIN VIEW,CA94040     		NONE PC COVID 19 RELIEF 10,000
    SOUTH SIDE ELEMENTARY SCHOOL
    1011 SOUTHWEST AVE
    JOHNSON CITY,TN37604     		NONE I SCHOLARSHIP 400
    SSHRISHTI TRUST
    FLAT NO 204 1ST FLOOR KABIR
    APARTMENT 76/9 KISHANGARH - MEHRAUL
    NEW DELHI,DELHI110070
    IN     		NONE PC COVID 19 RELIEF 10,000
    ST LOUIS AREA FOODBANK
    70 CORPORATE WOODS DR
    BRIDGETON,MO63044     		NONE PC COVID 19 RELIEF. 10,000
    SULLIVAN CENTRAL HIGH SCHOOL
    131 SHIPLEY FERRY RD
    BLOUNTVILLE,TN37615     		NONE I SCHOLARSHIPS 700
    SULLIVAN EAST MIDDLE SCHOOL
    4500 WEAVER PIKE
    BLUFF CITY,TN37618     		NONE I SCHOLARSHIP 700
    SULLIVAN NORTH MIDDLE SCHOOL
    2533 N JOHN B DENNIS HWY
    KINGSPORT,TN37660     		NONE I SCHOLARSHIPS 1,400
    SULPHUR SPRINGS ELEMENTARY SCHOOL
    1516 GRAY STATION SULPHUR SPRINGS
    RD
    JONESBOROUGH,TN37659     		NONE I SCHOLARSHIP 1,100
    SURGOINSVILLE ELEMENTARY SCHOOL
    1010 MAIN ST
    SURGOINSVILLE,TN37873     		NONE I SCHOLARSHIP 1,400
    SYMPHONY OF MOUNTAINS
    1200 E CENTER STREET 311
    KINGSPORT,TN37660     		NONE PC OPERATIONS 30,000
    TCISD FOUNDATION FOR THE FUTURE
    1700 NINTH AVENUE NORTH
    TEXAS CITY,TX77590     		NONE PC CHARITABLE CONTRIBUTIONS 5,000
    TENNESSEE STATE SCHOLARS
    3500 JOHN A MERRITT BLVD
    NASHVILLE,TN37209     		NONE PC VOIDED CHECK FROM PREVIOUS YEAR -3,000
    TEXAS ENGINEERING FOUNDATION
    1001 S CONGRESS AVE 260
    AUSTIN,TX78704     		NONE PC OPERATIONS 2,000
    THE LONGLEAF ALLIANCE
    12130 DIXON CENTER RD
    ANDALUSIA,AL36420     		NONE PC OPERATIONS 30,000
    THE NETHERLANDS RED CROSS
    PO BOX 28120
    THE HAGUE,SOUTH HOLLAND2502
    NL     		NONE PC COVID 19 RELIEF 20,000
    TOWNE ACRES ELEMENTARY SCHOOL
    2310 LARKSPUR DR
    JOHNSON CITY,TN37604     		NONE I SCHOLARSHIP 700
    TRI-CITIES MILITARY AFFAIRS COUNCIL INC
    124 GLENDORA DRIVE
    KINGSPORT,TN37663     		NONE PC CHARITABLE CONTRIBUTIONS 10,000
    TWIN SPRINGS HIGH SCHOOL
    273 TITAN LN
    NICKELSVILLE,VA24271     		NONE I SCHOLARSHIP 700
    UNITED METHODIST CHURCH UNION
    971 BEECH AVENUE
    PITTSBURGH,PA15233     		NONE PC KIDS MEAL NETWORK PROGRAM 3,000
    UNITED WAY GALVESTON
    2200 MARKET ST 850
    GALVESTON,TX77550     		NONE PC CHARITABLE CONTRIBUTION 10,000
    UNITED WAY OF EAST CENTRAL ALABAMA
    1505 WILMER AVE
    ANNISTON,AL36201     		NONE PC OPERATIONS 10,000
    UNITED WAY OF GREATER KINGSPORT
    301 LOUIS ST SUITE 201
    KINGSPORT,TN37660     		NONE PC OPERATIONS 70,000
    UNITED WAY OF GREATER ST LOUIS
    910 N11TH ST
    ST LOUIS,MO63101     		NONE PC OPERATIONS 5,000
    UNITED WAY OF HENRY COUNTY & MARTINSVILLE
    149 E MAIN ST
    MARTINSVILLE,VA24112     		NONE PC OPERATIONS 10,000
    UNITED WAY OF KENT COUNTY
    114 S LYNCHBURG ST STE B
    CHESTERTOWN,MD21620     		NONE PC COVID 19 RELIEF 5,000
    UNITED WAY OF MON VALLEY
    304 CHAMBER PLAZA
    CHARLEROI,PA15022     		NONE PC CHARITABLE CONTRIBUTIONS 8,000
    UNITED WAY OF PIONEER VALLEY
    1441 MAIN ST SUITE 147
    SPRINGFIELD,MA01103     		NONE PC VOIDED CHECK FROM PREVIOUS YEAR -10,000
    UNITED WAY OF SUMMIT COUNTY
    37 N HIGH ST
    AKRON,OH44308     		NONE PC CHARITABLE CONTRIBUTIONS 2,000
    UNITED WAY OF WEST FLORIDA
    1301 WEST GOVERNMENT STREET
    PENSACOLA,FL32502     		NONE PC COVID 19 RELIEF 10,000
    UNITY CARE GROUP
    1400 PARKMOOR AVENUE STE 115
    SAN JOSE,CA95126     		NONE PC COVID 19 RELIEF 10,000
    UNIVERSIDAD ANAHUAC DE PUEBLA SC
    AV ORION NTE SN TLAXCALANCINGO
    MAGISTERIO 2000 I
    TLAXCALANCINGO,PUEBLA72810
    MX     		NONE   COVID 19 RELIEF 10,000
    UNIVERSITY OF ALABAMA
    CAMPUS DRIVE
    TUSCALOOSA,AL35487     		NONE PC CHARITABLE CONTRIBUTIONS 30,000
    UNIVERSITY OF HOUSTON-CLEAR LAKE
    2700 BAY ARENA BLVD
    HOUSTON,TX77058     		NONE PC ENVIROTHON PROGRAM 5,000
    UPPER EAST TENNESSEE HUMAN DEVELOPMENT
    301 LOUIS ST
    KINGSPORT,TN37660     		NONE PC COVID 19 RELIEF. 30,940
    VARIOUS
    PO BOX 431
    KINGSPORT,TN37662     		NONE PC CHARITABLE CONTRIBUTIONS 400
    VIETNAMESE VOLUNTARY FOUNDATION
    2264 QUIMBY RD
    SAN JOSE,CA95122     		NONE PC COVID 19 RELIEF. 8,000
    VOEDSELBANK ROTTERDAM
    KEILEWEG 65A 3029 BR
    ROTTERDAM,SOUTH HOLLAND  
    NL     		NONE PC COVID 19 RELIEF. 20,000
    VOLUNTEER HIGH SCHOOL
    1050 VOLUNTEER ST
    CHURCH HILL,TN37642     		NONE I SCHOLARSHIP 700
    WASHINGTON ELEMENTARY SCHOOL
    1100 BELLINGHAM DRIVE
    KINGSPORT,TN37660     		NONE I SCHOLARSHIP 400
    WEST VIEW ELEMENTARY SCHOOL
    2847 OLD STATE ROUTE 34
    LIMESTONE,TN37681     		NONE I SCHOLARSHIP 400
    WOODLAND ELEMENTARY SCHOOL
    2303 INDIAN RIDGE RD
    JOHNSON CITY,TN37604     		NONE I SCHOLARSHIP 1,100
    YUMA ELEMENTARY SCHOOL
    130 GROVER CLEVELAND LANE
    GATE CITY,VA24251     		NONE I SCHOLARSHIP 700
    YUVABADHANA FOUNDATION
    1 PREMIER CORPORATE PARK SOI
    PREMIER 2 SRINAKARIN ROAD NONGBON P
    BANGKOK,KRUNG THEP MAHA N10250
    TH     		NONE PC COVID 19 RELIEF 1,560
    ZONTA CLUB OF LONGVIEW FOUNDATION
    PO BOX 3452
    LONGVIEW,TX75606     		NONE PC OPERATIONS 2,000
    Total .................................bullet 3a 1,801,059
    bApproved for future payment
    Total .................................bullet 3b 0
    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....     14 143,832  
    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 ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 143,832 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    143,832
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    EASTMAN FOUNDATION
     
    Employer identification number

    62-1614800
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    EASTMAN FOUNDATION
          		Employer identification number
    62-1614800
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    EASTMAN CHEMICAL COMPANY
     
    PO BOX 511
     
    KINGSPORT, TN37662

    		$ 100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    SUPPLIES FOR SOLDIERS
     
    1450 LINCOLN STREET
     
    KINGSPORT, TN37664

    		$ 12,425


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    EASTMAN FOUNDATION
          		Employer identification number

    62-1614800
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    EASTMAN FOUNDATION
          		Employer identification number

    62-1614800
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 31,072 23,304   0

    TY 2020 CashDeemedCharitableExplnStmt
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Explanation:
    BUDGETED AND APPROVED GRANT FUNDING FOR 2021 IS $1,663,509 WHICH MAY BE DEEMED AS HELD FOR CHARITABLE ACTIVITIES PER THE 990PF INSTRUCTIONS.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Name of Stock End of Year Book Value End of Year Fair Market Value
      1,652,522 5,094,023

    TY 2020 OtherAssetsSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND RECEIVABLE FROM RELATED PARTY 36,475 35,055 35,055


    TY 2020 OtherExpensesSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 12,500 12,500   0
    PAYPAL FEES 146 146   0
    WEBSITE EXPENSES 2,299 0   0
    OFFICE EXPENSES 398 0   0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 250,000 0   0


    TY 2020 TaxesSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 2,355 0   0