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
FRANK T JACKSON TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)REGIONS BANK TRUST DEPT P O BOX 1
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, AL35202
A Employer identification number

61-6544584
B Telephone number (see instructions)

(205) 820-3141
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$3,644,125J 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... 89,239 89,122  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 31,705
b Gross sales price for all assets on line 6a 932,334
7 Capital gain net income (from Part IV, line 2)... 31,705
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 120,944 120,827  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 35,730 28,584   7,146
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,000 0 0 1,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,279 1,095   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 3 3    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 39,012 29,682 0 8,146
25 Contributions, gifts, grants paid....... 159,942 159,942
26 Total expenses and disbursements. Add lines 24 and 25 198,954 29,682 0 168,088
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -78,010
b Net investment income (if negative, enter -0-) 91,145
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 29,808 88,049 88,049
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
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).......... 2,973,349 Click to see attachment2,835,602 3,556,076
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,003,157 2,923,651 3,644,125
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 3,003,157 2,923,651
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)..... 3,003,157 2,923,651
30 Total liabilities and net assets/fund balances (see instructions). 3,003,157 2,923,651
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
3,003,157
2
Enter amount from Part I, line 27a .....................
2
-78,010
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
174
4
Add lines 1, 2, and 3 ..........................
4
2,925,321
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,670
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,923,651
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 50. APPLE INC   2019-02-11 2020-01-14
b 217. DUPONT DE NEMOURS INC   2019-06-05 2020-01-14
c 41. GILEAD SCIENCES INC   2019-03-12 2020-01-14
d 233. GILEAD SCIENCES INC   2018-10-10 2020-01-14
e 3000. US TREASURY N/B 1.25% 31 JAN 2020   2019-09-17 2020-01-15
7000. US TREASURY N/B 1.25% 31 JAN 2020   2017-12-06 2020-01-15
10000. US TREASURY N/B 1.25% 31 JAN 2020   2019-09-17 2020-01-31
9000. US TREASURY N/B 2.875% 15 MAY 2043   2017-11-16 2020-02-03
56. ALLIANT ENERGY CORP   2015-07-15 2020-02-06
100. BANK OF AMERICA CORP   2018-01-30 2020-02-06
8. BLACKROCK INC   2015-07-07 2020-02-06
39. CVS HEALTH CORP   2019-01-17 2020-02-06
59. CISCO SYSTEMS INC   2019-12-05 2020-02-06
65. COCA-COLA CO/THE   2018-06-22 2020-02-06
44. GALLAGHER ARTHUR J & CO   2015-07-07 2020-02-06
18. HOME DEPOT INC   2018-01-30 2020-02-06
73. ISHARES CORE S& P 500 ETF   2017-06-01 2020-02-06
9. ISHARES CORE S&P MIDCAP ETF   2015-07-20 2020-02-06
49. JPMORGAN CHASE & CO   2015-09-18 2020-02-06
15. JOHNSON & JOHNSON   2020-01-14 2020-02-06
51. MICROSOFT CORP COM   2016-07-05 2020-02-06
46. NASDAQ INC   2018-04-03 2020-02-06
22. NEXTERA ENERGY INC   2015-07-15 2020-02-06
27. PROCTER & GAMBLE CO   2017-06-02 2020-02-06
60. QUALCOMM INC   2017-11-28 2020-02-06
3000. US TREASURY N/B 2.875% 15 MAY 2043   2015-09-04 2020-02-06
40. VERIZON COMMUNICATIONS COM   2015-07-07 2020-02-06
24. WASTE MGMT INC DEL COM   2015-07-07 2020-02-06
33. EATON CORP PLC   2016-04-13 2020-02-06
17. CHUBB LIMITED COM   2015-10-20 2020-02-06
3000. US TREASURY N/B 3% 15 FEB 2048   2019-08-29 2020-02-11
4000. US TREASURY N/B 3% 15 FEB 2048   2018-08-29 2020-02-11
4000. US TREASURY N/B 3% 15 FEB 2048   2018-08-29 2020-02-12
2000. US TREASURY N/B 3% 15 FEB 2048   2019-08-02 2020-02-12
5000. US TREASURY N/B 2.875% 15 MAY 2043   2015-09-04 2020-03-05
4000. US TREASURY N/B 3% 15 FEB 2048   2020-01-15 2020-03-05
65. BROADCOM INC   2019-08-29 2020-03-12
8. ONEOK INC NEW   2019-03-12 2020-03-12
124. ONEOK INC NEW   2018-01-30 2020-03-12
273. SCHLUMBERGER LTD   2018-06-22 2020-03-12
16000. US TREASURY N/B 2.625% 15 NOV 2020   2020-03-05 2020-03-16
15000. US TREASURY N/B 1.625% 15 AUG 2029   2019-09-10 2020-03-16
5000. US TREASURY N/B 1.625% 15 AUG 2029   2019-09-10 2020-03-23
9000. US TREASURY N/B 1.625% 15 AUG 2029   2019-09-10 2020-03-24
3000. APPLE INC 2.3% 11 MAY 2022   2019-11-08 2020-03-26
12000. APPLE INC 2.3% 11 MAY 2022   2018-02-05 2020-03-26
7000. US TREASURY N/B 1.625% 15 AUG 2029   2019-11-08 2020-04-01
7000. US TREASURY N/B 2.875% 31 JUL 2025   2018-08-29 2020-04-02
658. FIFTH THIRD BANCORP   2019-12-05 2020-04-03
162. UNITED PARCEL SERVICE INC   2019-03-12 2020-04-03
63. WATSCO INC   2019-03-12 2020-04-03
465. INVESCO LTD   2019-03-12 2020-04-03
426. INVESCO LTD   2019-04-03 2020-04-03
8000. US TREASURY N/B 2.875% 15 MAY 2043   2019-04-04 2020-04-07
5000. US TREASURY N/B 3% 15 FEB 2048   2020-01-15 2020-04-07
1000. US TREASURY N/B 2.875% 31 JUL 2025   2019-11-06 2020-04-07
2000. US TREASURY N/B 2.875% 31 JUL 2025   2019-04-04 2020-04-07
14000. BANK OF NOVA SCOTIA 1.85% 14 APR 2020   2019-04-04 2020-04-14
2000. BANK OF NOVA SCOTIA 1.85% 14 APR 2020   2020-03-06 2020-04-14
16000. CHEVRON CORP   2020-03-16 2020-04-15
.4052 RAYTHEON TECHNOLOGIES CORP   2019-03-12 2020-04-22
16000. US TREASURY N/B .375% 31 MAR 2022   2020-04-13 2020-04-27
15000. US TREASURY N/B .375% 31 MAR 2022   2020-03-26 2020-05-01
2000. SHELL INTERNATIONAL FIN 2.375% 07 NOV 20   2020-04-15 2020-05-06
2000. CAPITAL ONE FINANCIAL CO 2.5% 12 MAY   2020-03-05 2020-05-07
14000. CAPITAL ONE FINANCIAL CO 2.5% 12 MAY   2019-04-04 2020-05-07
12000. US TREASURY N/B 3% 15 FEB 2048   2019-04-22 2020-05-14
2000. GENERAL ELEC CAP CORP   2020-03-05 2020-05-19
18000. GENERAL ELEC CAP CORP   2019-04-04 2020-05-19
20. ABBVIE INC   2020-01-14 2020-05-27
8. CHEVRON CORP   2019-03-12 2020-05-27
199. CISCO SYSTEMS INC   2019-12-05 2020-05-27
117. EQUITY RESIDENTIAL   2019-04-02 2020-05-27
139. EXXON MOBIL CORP   2019-03-12 2020-05-27
74. TRUIST FINANCIAL CORP   2019-03-12 2020-05-27
2645. VANGUARD FTSE EMERGING MARKE   2018-06-22 2020-05-27
186. EATON CORP PLC   2016-04-13 2020-05-27
3000. BIOGEN INC 2.9% 9/15/20   2020-03-05 2020-05-28
18000. BIOGEN INC 2.9% 9/15/20   2019-04-04 2020-05-28
2000. US TREASURY N/B 3% 15 FEB 2048   2019-11-08 2020-06-01
6000. US TREASURY N/B 3% 15 FEB 2048   2019-04-22 2020-06-01
4000. US TREASURY N/B 3% 15 FEB 2048   2019-11-08 2020-06-02
1000. ANHEUSER-BUSCH INBEV WOR 4.9% 23 JAN   2019-01-11 2020-06-04
1000. BERKSHIRE HATHAWAY FIN 4.25% 15 JAN 2049   2020-05-14 2020-06-04
2000. SOUTHERN CO 3.70% 30 APR 2030   2020-04-01 2020-06-04
2000. SYSCO CORPORATION 3.3% 15 FEB 2050   2020-02-11 2020-06-04
3000. VALERO ENERGY CORP 3.4% 15 SEP 2026   2016-10-13 2020-06-04
16000. US TREASURY N/B .375% 31 MAR 2022   2020-05-21 2020-06-09
98.852 DOUBLELINE EMG MKTS INC-I   2019-10-31 2020-06-26
2145.872 DOUBLELINE EMG MKTS INC-I   2018-03-12 2020-06-26
1000. FORD MOTOR CREDIT CO LLC 3.157% 04 AUG 2020   2019-09-06 2020-08-04
9000. FORD MOTOR CREDIT CO LLC 3.157% 04 AUG 2020   2019-04-04 2020-08-04
3000. US TREASURY N/B 2.875% 15 MAY 2043   2019-05-06 2020-08-06
9000. US TREASURY N/B 2.875% 15 MAY 2043   2015-09-04 2020-08-13
1000. AMERICAN EXPRESS CREDI 2.6% 9/14/20   2019-11-08 2020-08-14
14000. AMERICAN EXPRESS CREDI 2.6% 9/14/20   2019-04-04 2020-08-14
4000. US TREASURY N/B 2.875% 15 MAY 2043   2015-09-04 2020-08-14
16000. US TREASURY N/B .375% 31 MAR 2022   2020-05-09 2020-09-08
22. HASBRO INC   2020-05-27 2020-09-14
201. HASBRO INC   2018-01-30 2020-09-14
42. RAYTHEON TECHNOLOGIES CORP   2020-05-27 2020-09-14
114. RAYTHEON TECHNOLOGIES CORP   2019-03-12 2020-09-14
1000. CITIGROUP INC 2.65% 10/26/20   2019-11-08 2020-10-26
14000. CITIGROUP INC 2.65% 10/26/20   2019-04-04 2020-10-26
1000. PRUDENTIAL FINANCIAL INC 4.5% 15 NOV 2020   2020-02-06 2020-11-16
14000. PRUDENTIAL FINANCIAL INC 4.5% 15 NOV 2020   2019-06-06 2020-11-16
5000. US TREASURY N/B 2.625% 15 NOV 2020   2020-02-03 2020-11-16
3000. AIR LEASE CORP 3.75% 01 JUN 2026   2019-05-17 2020-12-04
3000. SYSCO CORPORATION 3.3% 15 FEB 2050   2020-02-11 2020-12-04
719.865 ADVISERS INVT TR JOHCM INTL SL I   2017-04-24 2020-12-09
135.11 INVESCO INTERNATIONAL GROWTH FUND   2017-05-12 2020-12-09
88. ISHARES CORE S&P MIDCAP ETF   2015-07-20 2020-12-09
164. ISHARES CORE S&P SMALL-CAP E   2015-07-20 2020-12-09
15000. THE CHARLES SCHWAB CORP 3.25% 5/21/21   2019-11-08 2020-12-09
199. VANGUARD FTSE DEVELOPED ETF   2016-08-25 2020-12-09
89. VANGUARD FTSE EMERGING MARKE   2016-09-12 2020-12-09
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(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 15,748   8,497 7,251
b 13,048   16,903 -3,855
c 2,627   2,655 -28
d 14,930   17,580 -2,650
e 3,000   2,999 1
6,999   6,958 41
10,000   10,000  
10,492   8,996 1,496
3,271   1,691 1,580
3,467   3,198 269
4,337   2,729 1,608
2,775   2,492 283
2,852   2,569 283
3,843   2,740 1,103
4,636   2,085 2,551
4,288   3,646 642
24,430   17,866 6,564
1,866   1,356 510
6,739   2,987 3,752
2,300   2,186 114
9,254   2,605 6,649
5,369   3,947 1,422
5,886   2,259 3,627
3,444   2,382 1,062
5,233   3,762 1,471
3,422   2,973 449
2,376   1,891 485
2,971   1,123 1,848
3,370   1,756 1,614
2,817   1,871 946
3,591   3,648 -57
4,788   3,980 808
4,761   3,980 781
2,381   2,358 23
6,284   4,955 1,329
5,268   4,658 610
14,730   18,462 -3,732
241   510 -269
3,738   6,537 -2,799
4,385   19,870 -15,485
16,216   16,120 96
16,175   15,096 1,079
5,382   4,979 403
9,618   8,963 655
3,061   2,998 63
12,243   11,967 276
7,651   6,929 722
7,908   7,013 895
8,767   19,726 -10,959
14,574   19,238 -4,664
9,261   9,037 224
3,617   12,835 -9,218
3,313   8,570 -5,257
10,522   7,983 2,539
6,918   5,726 1,192
1,121   1,059 62
2,241   2,026 215
14,000   14,000  
2,000   2,000  
17,165   16,608 557
25   31 -6
16,047   16,040 7
15,051   15,030 21
2,000   1,972 28
2,000   2,000  
14,001   13,991 10
16,845   12,017 4,828
2,068   2,054 14
18,608   18,475 133
1,778   1,757 21
744   976 -232
8,952   8,665 287
7,028   8,862 -1,834
6,312   11,092 -4,780
2,802   3,309 -507
96,653   112,685 -16,032
15,832   9,897 5,935
3,023   3,011 12
18,141   18,056 85
2,715   2,247 468
8,146   6,009 2,137
5,411   4,389 1,022
1,239   1,007 232
1,247   1,199 48
2,269   2,008 261
1,695   1,996 -301
3,239   2,967 272
16,047   16,060 -13
995   1,040 -45
21,609   22,467 -858
1,000   1,000  
9,000   9,000  
4,088   2,984 1,104
11,758   8,918 2,840
1,000   1,011 -11
14,000   13,997 3
5,232   3,964 1,268
16,056   16,060 -4
1,706   1,599 107
15,591   17,112 -1,521
2,604   2,742 -138
7,067   5,165 1,902
1,000   1,000  
14,000   13,984 16
1,000   1,000  
14,000   14,000  
5,000   5,000  
3,250   2,971 279
3,115   2,994 121
21,690   14,656 7,034
4,906   4,607 299
19,809   13,255 6,554
14,818   9,699 5,119
15,163   15,011 152
9,268   7,435 1,833
4,370   3,331 1,039
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
      11,249
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       7,251
b       -3,855
c       -28
d       -2,650
e       1
      41
       
      1,496
      1,580
      269
      1,608
      283
      283
      1,103
      2,551
      642
      6,564
      510
      3,752
      114
      6,649
      1,422
      3,627
      1,062
      1,471
      449
      485
      1,848
      1,614
      946
      -57
      808
      781
      23
      1,329
      610
      -3,732
      -269
      -2,799
      -15,485
      96
      1,079
      403
      655
      63
      276
      722
      895
      -10,959
      -4,664
      224
      -9,218
      -5,257
      2,539
      1,192
      62
      215
       
       
      557
      -6
      7
      21
      28
       
      10
      4,828
      14
      133
      21
      -232
      287
      -1,834
      -4,780
      -507
      -16,032
      5,935
      12
      85
      468
      2,137
      1,022
      232
      48
      261
      -301
      272
      -13
      -45
      -858
       
       
      1,104
      2,840
      -11
      3
      1,268
      -4
      107
      -1,521
      -138
      1,902
       
      16
       
       
       
      279
      121
      7,034
      299
      6,554
      5,119
      152
      1,833
      1,039
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 31,705
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 1,267
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 1,267
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 1,267
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,060
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,060
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 207
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 taxBullet0 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMS
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletREGIONS BANK TRUST DEPT Telephone no.bullet (205) 820-3141

    Located atbullet250 RIVERCHASE PARKWAY EASTBIRMINGHAMAL ZIP+4bullet35244
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    REGIONS BANK TRUSTEE
    1     		35,730    
    250 RIVERCHASE PARKWAY EAST
    BIRMINGHAM,AL35244
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,368,020
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,368,020
    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
    3,368,020
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    50,520
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,317,500
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    165,875
    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
    165,875
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,267
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,267
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    164,608
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    164,608
    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
    164,608
    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
    168,088
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    168,088
    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
    168,088
    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 7 164,608
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 159,941
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 168,088
    a Applied to 2019, but not more than line 2a 159,941
    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..... 8,147
    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 ..........     		156,461
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    PALMER HOME FOR CHILDREN
    PO BOX 746
    COLUMBUS,MS39703     		NONE PC GENERAL OPERATING 79,971
    FRENCH CAMP ACADEMY ATTN TODD MARION
    ONE FINE PLACE
    FRENCH CAMP,MS397459703     		NONE PC GENERAL OPERATING 79,971
    Total .................................bullet 3a 159,942
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 89,239  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 31,705  
    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)..   120,944  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    120,944
    (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:
    FRANK T JACKSON TRUST
    EIN:
    61-6544584
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

    TY 2020 InvestmentsOtherSchedule2
    Name:
    FRANK T JACKSON TRUST
    EIN:
    61-6544584
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    H1467J104 CHUBB LTD AT COST 16,332 22,318
    06416CAB4 BANK OF NOVA SCOTIA      
    09062XAC7 BIOGEN INC      
    172967KB6 CITIGROUP INC      
    30231G102 EXXON MOBIL CORP AT COST 14,735 7,914
    3135G0K36 FED NATL MTG ASSN AT COST 18,662 21,790
    418056107 HASBRO INC      
    46625H100 J P MORGAN CHASE & C AT COST 18,682 33,419
    532457108 ELI LILLY & CO AT COST 11,146 24,313
    631103108 NASDAQ INC AT COST 14,118 21,902
    61744YAH1 MORGAN STANLEY 2.75% AT COST 10,025 10,327
    682680103 ONEOK INC      
    69351T106 PPL CORP AT COST 12,084 8,968
    747525103 QUALCOMM INC AT COST 5,355 16,605
    755111507 RAYTHEON CO      
    78012KKU0 ROYAL BANK OF CANADA AT COST 16,004 16,014
    912810SA7 US TREASURY N/B 3% 1 AT COST 43,943 48,536
    912828VB3 U S TREASURY NOTE AT COST 30,261 32,172
    808513AW5 THE CHARLES SCHWAB C      
    912810EQ7 U S TREASURY BONDS AT COST 10,132 10,440
    92343V104 VERIZON COMMUNICATIO AT COST 28,974 32,489
    02665WCD1 AMERICAN HONDA FINAN AT COST 20,992 21,052
    189054109 CLOROX CO/THE AT COST 8,421 13,125
    38141GWM2 GOLDMAN SACHS GROUP AT COST 19,404 20,773
    458140AJ9 INTEL CORP AT COST 15,130 15,333
    464287507 ISHARES CORE S& P MI AT COST 151,616 233,277
    59022CAJ2 MERRILL LYNCH & CO I AT COST 9,157 11,652
    912828Y79 US TREASURY N/B 2.87 AT COST 9,500 10,043
    921943858 VANGUARD FTSE DEVELO AT COST 136,689 173,544
    931142ED1 WALMART INC 3.55% 26 AT COST 14,062 15,853
    94106L109 WASTE MANAGEMENT INC AT COST 17,763 30,544
    10373QAB6 BP CAP MARKETS AMERI AT COST 15,208 17,009
    25746U109 DOMINION ENERGY INC AT COST 26,867 27,598
    26078JAB6 DOWDUPONT INC 4.205% AT COST 14,082 15,445
    375558BF9 GILEAD SCIENCES INC AT COST 14,081 15,883
    59156R108 METLIFE INC AT COST 24,076 25,729
    65339F101 NEXTERA ENERGY INC AT COST 7,136 21,911
    713448108 PEPSICO INC AT COST 15,246 20,169
    89233P5F9 TOYOTA MOTOR CREDIT AT COST 15,121 15,321
    902973304 US BANCORP DEL AT COST 19,656 22,410
    931142103 WAL MART STORES INC AT COST 13,654 27,965
    594918104 MICROSOFT CORP COM AT COST 5,363 23,354
    0258M0DX4 AMERICAN EXPRESS CRE      
    09247X101 BLACKROCK INC AT COST 12,651 25,254
    110122108 BRISTOL-MYERS SQUIBB AT COST 16,324 16,810
    166764100 CHEVRONTEXACO CORP AT COST 27,925 28,122
    363576109 GALLAGHER ARTHUR J & AT COST 8,939 23,505
    375558103 GILEAD SCIENCES INC      
    437076102 HOME DEPOT INC/THE AT COST 17,186 23,109
    46625HRY8 JPMORGAN CHASE & CO AT COST 15,324 17,241
    501044DE8 KROGER CO 2.65% 15 O AT COST 14,754 16,384
    681919106 OMNICOM GROUP INC AT COST 23,608 18,960
    867914BM4 SUNTRUST BANKS INC 2 AT COST 9,998 10,236
    87236YAH1 TD AMERITRADE HOLDIN AT COST 15,089 16,468
    912828WZ9 U S TREASURY NOTE AT COST 45,366 46,992
    G29183103 EATON CORP PLC      
    06406RAH0 BANK OF NY MELLON CO AT COST 9,054 10,798
    191216100 COCA-COLA CO/THE AT COST 23,534 29,449
    20030N101 COMCAST CORP AT COST 20,267 29,711
    3134A4KX1 FEDERAL HOME LN MTG AT COST 28,518 32,445
    31677QBG3 FIFTH THIRD BANK AT COST 14,983 15,104
    369622SM8 GENERAL ELEC CAP COR      
    464287804 ISHARES CORE S& P SM AT COST 148,311 232,599
    553530106 MSC INDUSTRIAL DIREC AT COST 21,863 23,629
    74432QBP9 PRUDENTIAL FINANCIAL      
    85771PAN2 STATOIL ASA AT COST 10,208 10,988
    N53745100 LYONDELLBASELL INDU- AT COST 19,833 23,557
    009158106 AIR PRODUCTS & CHEMI AT COST 17,262 19,945
    018802108 ALLIANT ENERGY CORP AT COST 9,592 16,644
    031162CH1 AMGEN INC AT COST 14,910 15,756
    037833CQ1 APPLE INC 2.3% 11 MA      
    060505104 BANK OF AMERICA CORP AT COST 32,229 34,735
    14040HBP9 CAPITAL ONE FINANCIA      
    26441CAW5 DUKE ENERGY CORP 2.4 AT COST 14,706 15,452
    539439AR0 LLOYDS BANKING GROUP AT COST 15,180 17,852
    00770G847 JOHCM INTERNATIONAL AT COST 57,750 85,831
    126408HJ5 CSX CORP 3.8% 01 MAR AT COST 15,155 17,487
    258620509 DOUBLELINE EMG MKTS AT COST 35,038 35,792
    345397XK4 FORD MOTOR CREDIT CO      
    58933Y105 MERCK & CO INC AT COST 20,475 29,121
    60871RAD2 MOLSON COORS BREWING AT COST 9,770 12,515
    742718109 PROCTER & GAMBLE CO/ AT COST 12,782 20,732
    911312106 UNITED PARCEL SERVIC      
    91913YAU4 VALERO ENERGY CORP 3 AT COST 19,824 21,929
    G491BT108 INVESCO LTD      
    464287200 ISHARES CORE S& P 50 AT COST 112,127 194,827
    61761JVL0 MORGAN STANLEY AT COST 10,111 11,128
    806857108 SCHLUMBERGER LTD      
    912810RB6 U S TREASURY NOTE AT COST 86,975 103,640
    912828H52 UNITED STATES TREAS      
    922042858 VANGUARD INTL EQUITY AT COST 173,237 236,970
    29476L107 EQUITY RESIDENTIAL      
    882508104 TEXAS INSTRUMENTS IN AT COST 18,187 26,425
    00889A400 INVESCO INTERNATIONA AT COST 79,657 77,766
    00914AAB8 AIR LEASE CORP 3.75% AT COST 14,425 16,500
    11135F101 BROADCOM INC      
    17275R102 CISCO SYSTEMS INC AT COST 8,404 8,637
    369550108 GENERAL DYNAMICS COR AT COST 21,990 18,007
    404280CC1 HSBC HOLDINGS PLC 3. AT COST 15,082 17,321
    316773100 FIFTH THIRD BANCORP      
    459200KA8 IBM CORP 3.5% 15 MAY AT COST 18,957 21,984
    74440Y884 PGIM HIGH YIELD FUND AT COST 117,873 119,057
    89832Q109 TRUIST FINANCIAL COR AT COST 10,527 13,564
    037833100 APPLE INC      
    06051GHT9 BANK OF AMERICA CORP AT COST 10,091 11,291
    20825C104 CONOCOPHILLIPS AT COST 12,631 9,118
    30231GBE1 EXXON MOBIL CORPORAT AT COST 15,034 16,282
    942622200 WATSCO INC      
    912828YB0 US TREASURY N/B 1.62      
    26614N102 DUPONT DE NEMOURS IN      
    871829107 SYSCO CORP AT COST 18,635 18,565
    H84989104 TE CONNECTIVITY LTD AT COST 10,542 15,981
    035240AR1 ANHEUSER-BUSCH INBEV AT COST 13,250 16,559
    126650100 CVS HEALTH CORP AT COST 25,193 28,754
    871829BJ5 SYSCO CORPORATION 3. AT COST 14,925 16,731
    91324P102 UNITED HEALTH GROUP AT COST 7,247 10,871
    912828ZG8 US TREASURY N/B .375 AT COST 10,031 10,031
    478160104 JOHNSON & JOHNSON AT COST 25,540 27,699
    03027XBD1 AMERICAN TOWER CORP AT COST 15,885 16,480
    907818108 UNION PACIFIC CORP AT COST 19,709 20,614
    912828ZT0 US TREASURY N/B .25% AT COST 18,961 18,958
    742718FH7 PROCTER & GAMBLE CO/ AT COST 15,318 17,297
    09247XAR2 BLACKROCK INC 1.9% 2 AT COST 15,960 16,748
    808513BF1 CHARLES SCHWAB CORP AT COST 10,992 11,141
    40434LAC9 HP INC 3.4% 17 JUN 2 AT COST 15,977 17,806
    00287Y109 ABBVIE INC AT COST 18,538 22,609
    30161N101 EXELON CORP AT COST 16,468 19,210
    92343VFS8 VERIZON COMMUNICATIO AT COST 14,999 15,118
    084664CR0 BERKSHIRE HATHAWAY F AT COST 15,582 17,269
    427866108 HERSHEY CO/THE AT COST 16,428 19,041
    822582CD2 SHELL INTERNATIONAL AT COST 15,777 17,225
    922020813 VANGUARD EMERG MKTS AT COST 22,604 24,077
    443510607 HUBBELL INC AT COST 15,667 21,323
    372460105 GENUINE PARTS CO AT COST 10,053 11,650
    438516106 HONEYWELL INTERNATIO AT COST 15,287 25,099
    842587DE4 SOUTHERN CO 3.70% 30 AT COST 13,989 16,212
    172967MT5 CITIGROUP INC .776% AT COST 15,002 15,097
    548661DR5 LOWE'S COS INC 3.65% AT COST 15,973 17,505
    14040HCE3 CAPITAL ONE FINANCIA AT COST 15,987 18,343
    037833DZ0 APPLE INC 2.4% 20 AU AT COST 16,920 17,398
    606822BV5 MITSUBISHI UFJ FIN G AT COST 16,014 16,095
    20030NDH1 COMCAST CORP 3.75% 0 AT COST 14,756 15,704

    TY 2020 OtherDecreasesSchedule
    Name:
    FRANK T JACKSON TRUST
    EIN:
    61-6544584
    Description Amount
    PURCHASE OF ACCRUED INTEREST CARRYOVER 29
    MUTUAL FUND TIMING SUBTRACTION ADJ 689
    DISALLOWED WASH SALES 70
    COST BASIS ADJ 882


    TY 2020 OtherExpensesSchedule
    Name:
    FRANK T JACKSON TRUST
    EIN:
    61-6544584
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES-DIVIDEND I 3 3   0


    TY 2020 OtherIncreasesSchedule
    Name:
    FRANK T JACKSON TRUST
    EIN:
    61-6544584
    Description Amount
    MUTUAL FUND TIMING ADDITION ADJ 174


    TY 2020 TaxesSchedule
    Name:
    FRANK T JACKSON TRUST
    EIN:
    61-6544584
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 735 735   0
    FEDERAL TAX PAYMENT - PRIOR YE 124 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,060 0   0
    FOREIGN TAXES ON NONQUALIFIED 360 360   0