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
ROSS R & SARA G RHOADS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

23-6271698
B Telephone number (see instructions)

(888) 730-4933
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$12,836,432J 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... 186,084 182,661  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 541,092
b Gross sales price for all assets on line 6a 3,466,119
7 Capital gain net income (from Part IV, line 2)... 541,092
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)....... Click to see attachment 36 36  
12 Total. Add lines 1 through 11........ 727,212 723,789  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 67,561 60,805   6,756
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 1,067 0 0 1,067
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,947 2,800   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 183 172   11
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 78,758 63,777 0 7,834
25 Contributions, gifts, grants paid....... 480,000 480,000
26 Total expenses and disbursements. Add lines 24 and 25 558,758 63,777 0 487,834
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 168,454
b Net investment income (if negative, enter -0-) 660,012
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......... 504,185 692,541 692,541
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).......   Click to see attachment832,372 914,747
c Investments—corporate bonds (attach schedule).......   Click to see attachment1,515,737 1,580,330
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,182,046 Click to see attachment5,805,906 9,648,814
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) 8,686,231 8,846,556 12,836,432
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........ 8,686,231 8,846,556
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)..... 8,686,231 8,846,556
30 Total liabilities and net assets/fund balances (see instructions). 8,686,231 8,846,556
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
8,686,231
2
Enter amount from Part I, line 27a .....................
2
168,454
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,854,685
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8,129
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,846,556
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 1822.323 DODGE & COX INT'L STOCK FD #1048   2017-07-20 2020-01-09
b 3075.961 HARTFORD MIDCAP FUND-F #3108   2018-05-22 2020-01-09
c 1383.126 T ROWE PRICE INST EM MKT EQ 146   2017-03-08 2020-01-09
d 247. COMPASS GROUP PLC ADR   2018-09-11 2020-02-04
e 86. EXXON MOBIL CORPORATION   2018-09-11 2020-02-04
336. JAPAN TOBACCO INC-UNSPON ADR   2018-09-11 2020-02-04
5. NEXTERA ENERGY INC   2018-09-11 2020-02-04
20. QUALCOMM INC   2018-09-11 2020-02-04
43.32 GNMA POOL 400132 7.000% 11/15/27   1997-11-14 2020-02-15
11.28 GNMA POOL 431045 7.500% 8/15/26   1996-08-22 2020-02-15
10000. US TREASURY NOTE 2.000% 2/15/22   2019-06-10 2020-03-03
70000. US TREASURY NOTE 2.000% 2/15/22   2018-11-16 2020-03-03
6000. CVS HEALTH CORP 2.125% 6/01/21   2019-06-13 2020-03-04
26000. CVS HEALTH CORP 2.125% 6/01/21   2018-11-20 2020-03-04
29. GILEAD SCIENCES INC   2018-09-26 2020-03-09
14. JPMORGAN CHASE & CO   2018-09-11 2020-03-09
65. VEOLIA ENVIRONNEMENT ADR   2018-09-11 2020-03-09
34. VERIZON COMMUNICATIONS   2018-09-11 2020-03-09
43.59 GNMA POOL 400132 7.000% 11/15/27   1997-11-14 2020-03-15
11.36 GNMA POOL 431045 7.500% 8/15/26   1996-08-22 2020-03-15
13000. SHERWIN-WILLIAMS CO 2.750% 6/01/22   2018-11-20 2020-03-16
41. BRITISH AMERICAN TOBACCO P.L.C - ADR   2019-03-25 2020-03-19
7. DUKE ENERGY HOLDING CORP. COM   2018-11-20 2020-03-19
16. PHILIPS ELECTRONICS - NY SHR ADR   2018-09-11 2020-03-19
9. LVMH MOET HENNESSY UNSP ADR - ADR   2018-09-11 2020-03-19
2. LOCKHEED MARTIN CORP   2018-09-11 2020-03-19
9. PHILIP MORRIS INTERNATIONAL IN   2018-09-11 2020-03-19
73. ROYAL DUTCH SHELL PLC ADR   2020-02-04 2020-03-19
81. ROYAL DUTCH SHELL PLC ADR   2018-09-11 2020-03-19
12. UNILEVER N.V. - ADR   2018-09-11 2020-03-19
18200.847 PIMCO HIGH YIELD FD-INST #108   2009-01-14 2020-03-23
16722.408 VANGUARD HIGH YIELD CORP-ADM 529   2020-01-09 2020-03-23
25553.663 VANGUARD HIGH YIELD CORP-ADM 529   2016-09-30 2020-03-23
2000. SHERWIN-WILLIAMS CO 2.750% 6/01/22   2018-11-20 2020-03-30
26. ANHEUSER-BUSCH INBEV SPN ADR   2020-02-04 2020-04-08
87. ANHEUSER-BUSCH INBEV SPN ADR   2018-09-11 2020-04-08
15. GILEAD SCIENCES INC   2018-09-26 2020-04-08
43.86 GNMA POOL 400132 7.000% 11/15/27   1997-11-14 2020-04-15
11.43 GNMA POOL 431045 7.500% 8/15/26   1996-08-22 2020-04-15
33. GILEAD SCIENCES INC   2018-09-26 2020-04-23
37. NTT DOCOMO, INC. - ADR   2018-09-11 2020-04-23
55000. US TREASURY NOTE 3.625% 2/15/21   2018-11-16 2020-04-23
101000. US TREASURY NOTE 2.750% 5/31/23   2018-11-16 2020-04-24
80000. US TREASURY NOTE 2.125% 7/31/24   2019-11-20 2020-05-04
44.13 GNMA POOL 400132 7.000% 11/15/27   1997-11-14 2020-05-15
11.51 GNMA POOL 431045 7.500% 8/15/26   1996-08-22 2020-05-15
45. GILEAD SCIENCES INC   2018-09-26 2020-06-08
25. LOWES COS INC   2019-06-14 2020-06-08
356. RECKITT BENCKIS/S ADR   2018-09-11 2020-06-08
83. ROCHE HOLDINGS LTD - ADR   2018-09-11 2020-06-08
146. VEOLIA ENVIRONNEMENT ADR   2018-09-11 2020-06-08
44.41 GNMA POOL 400132 7.000% 11/15/27   1997-11-14 2020-06-15
11.59 GNMA POOL 431045 7.500% 8/15/26   1996-08-22 2020-06-15
44.69 GNMA POOL 400132 7.000% 11/15/27   1997-11-14 2020-07-15
11.66 GNMA POOL 431045 7.500% 8/15/26   1996-08-22 2020-07-15
4543. VANGUARD REAL ESTATE ETF   2017-03-08 2020-07-23
.3532 PHILIPS ELECTRONICS - NY SHR ADR   2018-09-11 2020-07-27
2258.73 GNMA POOL 400132 7.000% 11/15/27   1997-11-14 2020-08-15
11.74 GNMA POOL 431045 7.500% 8/15/26   1996-08-22 2020-08-15
24000. CVS HEALTH CORP 4.100% 3/25/25   2020-03-04 2020-08-25
34000. US TREASURY NOTE 2.000% 2/15/25   2020-03-03 2020-09-08
25.05 GNMA POOL 400132 7.000% 11/15/27   1997-11-14 2020-09-15
11.82 GNMA POOL 431045 7.500% 8/15/26   1996-08-22 2020-09-15
181.587 DODGE & COX STOCK FUND #145   2019-12-19 2020-09-16
43.776 DODGE & COX STOCK FUND #145   2020-03-26 2020-09-16
1792.161 DODGE & COX STOCK FUND #145   2002-10-17 2020-09-16
70. AT & T INC   2018-09-11 2020-09-22
48. BASF AKTIENGESELLSCHAFT - LVL 1 ADR   2018-09-11 2020-09-22
30. BANK OF AMERICA CORP   2018-11-20 2020-09-22
16. COMCAST CORP CLASS A   2019-06-14 2020-09-22
664. FERGUSON NEWCO PLC-ADR   2018-09-11 2020-09-22
9. MICROSOFT CORP   2018-09-11 2020-09-22
3. NEXTERA ENERGY INC   2018-09-11 2020-09-22
14. PUBLIC SVC ENTERPRISE GROUP INC   2018-09-11 2020-09-22
14. SANOFI-ADR   2018-09-11 2020-09-22
113. NTT DOCOMO, INC. - ADR   2018-09-11 2020-10-12
84. NTT DOCOMO, INC. - ADR   2020-02-04 2020-10-12
25.21 GNMA POOL 400132 7.000% 11/15/27   1997-11-14 2020-10-15
11.9 GNMA POOL 431045 7.500% 8/15/26   1996-08-22 2020-10-15
33000. CONAGRA BRANDS INC 3.800% 10/22/21   2020-05-06 2020-10-19
80000. US TREASURY NOTE 2.125% 9/30/21   2018-11-16 2020-10-29
40000. ACE INA HOLDINGS 2.300% 11/03/20   2018-11-16 2020-11-03
25.37 GNMA POOL 400132 7.000% 11/15/27   1997-11-14 2020-11-15
11.98 GNMA POOL 431045 7.500% 8/15/26   1996-08-22 2020-11-15
198. AT & T INC   2018-09-11 2020-11-16
89. BANK N S HALIFAX   2018-09-11 2020-11-16
422. ING GROEP N.V. - ADR   2018-09-11 2020-11-16
16. SNAP ON INC   2018-09-11 2020-11-16
6006.728 DODGE & COX INT'L STOCK FD #1048   2017-03-08 2020-11-20
8983.258 VANGUARD INFLAT-PROT SECS-ADM 5119   2018-11-06 2020-11-20
23. VIATRIS INC   2018-09-11 2020-11-20
7678. ISHARES RUSSELL MID-CAP ETF   2012-03-30 2020-11-24
22.75 SIEMENS ENERGY AG (DEEMED RECEIVED)   2020-09-28 2020-11-24
.3268 VIATRIS INC   2018-09-11 2020-12-02
51. CVS HEALTH CORPORATION   2018-09-11 2020-12-09
19. LVMH MOET HENNESSY UNSP ADR - ADR   2018-09-11 2020-12-09
188. PFIZER INC   2018-09-11 2020-12-09
30. QUALCOMM INC   2018-09-11 2020-12-09
25.53 GNMA POOL 400132 7.000% 11/15/27   1997-11-14 2020-12-15
12.06 GNMA POOL 431045 7.500% 8/15/26   1996-08-22 2020-12-15
8000. CVS HEALTH CORP 4.100% 3/25/25   2020-03-04 2020-12-18
22662.448 BOSTON P LNG/SHRT RES-INS 7015   2014-07-11 2020-12-18
40000. US BANCORP 2.350% 1/29/21   2018-11-29 2020-12-29
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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 80,000   82,533 -2,533
b 99,046   100,000 -954
c 60,000   43,513 16,487
d 6,054   5,340 714
e 5,244   7,135 -1,891
3,507   4,375 -868
1,330   864 466
1,761   1,447 314
43   44 -1
11   11  
10,255   9,940 315
71,783   67,586 4,197
6,056   5,869 187
26,243   25,135 1,108
2,195   2,205 -10
1,350   1,600 -250
1,854   1,358 496
1,870   1,945 -75
44   44  
11   11  
13,564   12,552 1,012
1,254   1,654 -400
527   620 -93
576   711 -135
564   596 -32
630   647 -17
591   701 -110
1,733   3,794 -2,061
1,923   5,178 -3,255
586   677 -91
131,046   124,348 6,698
80,268   100,000 -19,732
122,658   150,000 -27,342
1,960   1,947 13
1,229   1,988 -759
4,114   7,665 -3,551
1,114   1,140 -26
44   44  
11   11  
2,725   2,509 216
1,123   961 162
56,566   55,945 621
108,678   100,420 8,258
86,028   81,934 4,094
44   44  
12   11 1
3,498   3,211 287
3,261   2,486 775
6,131   6,054 77
3,544   2,536 1,008
3,567   3,050 517
44   45 -1
12   12  
45   45  
12   12  
359,378   362,295 -2,917
19   15 4
2,259   2,270 -11
12   12  
27,573   26,620 953
36,630   36,133 497
25   25  
12   12  
31,502   34,825 -3,323
7,594   6,105 1,489
310,904   139,581 171,323
1,998   2,291 -293
708   1,065 -357
714   820 -106
740   679 61
6,061   5,488 573
1,845   1,001 844
833   518 315
732   739 -7
698   597 101
4,141   2,936 1,205
3,078   2,367 711
25   25  
12   12  
34,168   34,098 70
81,466   77,835 3,631
40,000   39,393 607
25   26 -1
12   12  
5,732   6,481 -749
4,211   5,119 -908
3,741   5,497 -1,756
2,787   2,960 -173
250,000   252,472 -2,472
253,058   220,000 33,058
423   408 15
505,152   212,757 292,395
561   558 3
6   6  
3,762   3,870 -108
2,282   1,257 1,025
7,939   7,550 389
4,774   2,171 2,603
26   26  
12   12  
9,097   8,873 224
326,113   340,390 -14,277
40,000   38,773 1,227
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      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
      74,940
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       -2,533
b       -954
c       16,487
d       714
e       -1,891
      -868
      466
      314
      -1
       
      315
      4,197
      187
      1,108
      -10
      -250
      496
      -75
       
       
      1,012
      -400
      -93
      -135
      -32
      -17
      -110
      -2,061
      -3,255
      -91
      6,698
      -19,732
      -27,342
      13
      -759
      -3,551
      -26
       
       
      216
      162
      621
      8,258
      4,094
       
      1
      287
      775
      77
      1,008
      517
      -1
       
       
       
      -2,917
      4
      -11
       
      953
      497
       
       
      -3,323
      1,489
      171,323
      -293
      -357
      -106
      61
      573
      844
      315
      -7
      101
      1,205
      711
       
       
      70
      3,631
      607
      -1
       
      -749
      -908
      -1,756
      -173
      -2,472
      33,058
      15
      292,395
      3
       
      -108
      1,025
      389
      2,603
       
       
      224
      -14,277
      1,227
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 541,092
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 9,174
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 9,174
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 9,174
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,592
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 5,592
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 3,582
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)
    bulletPA
    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 ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4bullet27101
    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
    WELLS FARGO BANK N A TRUSTEE
    1     		67,561    
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101
    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
    10,907,393
    b
    Average of monthly cash balances.......................
    1b
    570,581
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,477,974
    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
    11,477,974
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    172,170
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,305,804
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    565,290
    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
    565,290
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,174
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,174
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    556,116
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    556,116
    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
    556,116
    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
    487,834
    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
    487,834
    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
    487,834
    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 7 556,116
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 81,188
    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$ 487,834
    a Applied to 2019, but not more than line 2a 81,188
    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..... 406,646
    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 ..........     		149,470
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    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
    UNITED WAY CAPITAL REGION
    2235 MILLENNIUM WAY
    ENOLA,PA17025     		NONE PC GENERAL OPERATING 480,000
    Total .................................bullet 3a 480,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 186,084  
    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 ............     		    18 541,092  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    1 36  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   727,212  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    727,212
    (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:
    ROSS R & SARA G RHOADS FOUNDATION
    EIN:
    23-6271698
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,067     1,067

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ROSS R & SARA G RHOADS FOUNDATION
    EIN:
    23-6271698
    Name of Bond End of Year Book Value End of Year Fair Market Value
    256677AC9 DOLLAR GENERAL CORP 31,341 33,859
    912828L57 US TREASURY NOTE 77,156 82,259
    06367TG38 BANK OF MONTREAL 38,563 41,408
    9128285R7 US TREASURY NOTE 66,204 66,546
    91324PCC4 UNITEDHEALTH GROUP 39,264 42,304
    15089QAJ3 CELANESE US HOLDINGS 18,759 19,493
    931427AH1 WALGREENS BOOTS ALLI 31,736 33,158
    38141GWC4 GOLDMAN SACHS GROUP 39,019 40,324
    06406FAA1 BANK OF NY MELLON CO 39,389 40,180
    037833DM9 APPLE INC 44,634 47,225
    912828WJ5 US TREASURY NOTE 2.5 82,393 86,206
    9128283U2 US TREASURY NOTE 78,746 83,725
    3137EAEQ8 FED HOME LN MTG CORP 91,861 92,466
    86562MBF6 SUMITOMO MITSUI FINL 40,653 43,826
    42824CBJ7 HP ENTERPRISE CO 25,517 25,688
    61746BDQ6 MORGAN STANLEY 3.875 41,558 44,313
    9128284X5 US TREASURY NOTE 80,688 85,510
    00287YBC2 ABBVIE INC 41,173 43,616
    3135G03U5 FED NATL MTG ASSN 97,176 98,141
    606822BD5 MITSUBISHI UFJ FIN 40,508 43,468
    30231GBC5 EXXON MOBIL CORPORAT 47,304 49,484
    26078JAB6 DOWDUPONT INC 33,632 35,304
    70450YAC7 PAYPAL HOLDINGS INC 35,211 37,402
    06051GEU9 BANK OF AMERICA CORP 39,389 42,408
    231021AU0 CUMMINS INC 37,105 37,268
    482480AE0 KLA-TENCOR CORP 4.65 32,902 34,147
    05531FAV5 BB&T CORPORATION 38,944 40,193
    776743AM8 ROPER TECHNOLOGIES 35,350 35,422
    961214EC3 WESTPAC BANKING CORP 40,250 43,477
    29444UBK1 EQUINIX INC 39,904 40,111
    912828J27 US TREASURY NOTE 2.0 48,886 49,250
    822582CC4 SHELL INTERNATIONAL 40,522 42,149

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ROSS R & SARA G RHOADS FOUNDATION
    EIN:
    23-6271698
    Name of Stock End of Year Book Value End of Year Fair Market Value
    418056107 HASBRO INC 8,460 7,857
    89151E109 TOTAL S.A. - ADR 7,662 5,532
    771195104 ROCHE HOLDINGS LTD - 4,859 6,971
    20030N101 COMCAST CORP CLASS A 7,784 10,166
    80105N105 SANOFI-ADR 3,454 3,936
    989207105 ZEBRA TECHNOLOGIES C 24,934 25,366
    904767704 UNILEVER PLC - ADR 7,980 8,752
    110448107 BRITISH AMERICAN TOB 7,625 6,561
    25157Y202 DEUTSCHE POST AG ADR 4,750 6,230
    655663102 NORDSON CORP 19,119 18,688
    054536107 AXA - ADR 7,031 6,586
    92343V104 VERIZON COMMUNICATIO 7,680 8,225
    031162100 AMGEN INC 4,212 4,828
    609207105 MONDELEZ INTERNATION 5,999 8,186
    G25839104 COCA-COLA EUROPEAN P 7,756 8,920
    30214U102 EXPONENT INC 9,307 10,083
    17275R102 CISCO SYSTEMS INC 14,167 13,828
    45841N107 INTERACTIVE BROKERS 8,556 9,808
    969457100 WILLIAMS COS INC 8,078 7,198
    426281101 HENRY JACK & ASSOC I 11,431 11,501
    742718109 PROCTER & GAMBLE CO 8,050 9,462
    83175M205 SMITH & NEPHEW PLC - 3,374 3,795
    256163106 DOCUSIGN INC 24,202 23,564
    G0176J109 ALLEGION PLC 15,241 15,595
    747525103 QUALCOMM INC 3,914 8,531
    084423102 BERKLEY W R CORP 16,611 17,402
    216648402 COOPER COS INC COM N 18,626 20,346
    73278L105 POOL CORPORATION 21,055 22,723
    82982L103 SITEONE LANDSCAPE SU 21,499 24,588
    251542106 DEUTSCHE BOERSE AG A 7,030 7,757
    686330101 ORIX CORPORATION - A 3,724 3,944
    548661107 LOWES COS INC 6,964 12,680
    060505104 BANK OF AMERICA CORP 5,418 6,092
    889110102 TOKYO ELECTRON LTD-U 3,736 5,428
    12514G108 CDW CORP/DE 16,963 17,133
    641069406 NESTLE S.A. REGISTER 6,000 7,421
    76131D103 RESTAURANT BRANDS IN 7,010 8,555
    08265T208 BENTLEY SYSTEMS INC 13,538 15,434
    874060205 TAKEDA PHARMACEUTIC- 6,376 6,315
    526107107 LENNOX INTERNATIONAL 16,337 15,616
    907818108 UNION PACIFIC CORP 3,958 3,956
    109194100 BRIGHT HORIZONS FAMI 12,219 12,455
    500472303 PHILIPS ELECTRONICS 5,140 6,392
    126650100 CVS HEALTH CORPORATI 7,371 8,264
    718172109 PHILIP MORRIS INTERN 4,361 4,636
    880770102 TERADYNE INC 28,711 31,171
    46625H100 JPMORGAN CHASE & CO 4,344 4,829
    26441C204 DUKE ENERGY HOLDING 5,878 6,501
    37733W105 GLAXOSMITHKLINE PLC 3,489 3,386
    159864107 CHARLES RIVER LABORA 20,880 22,238
    65339F101 NEXTERA ENERGY INC 4,493 8,024
    294429105 EQUIFAX INC 14,463 16,777
    502441306 LVMH MOET HENNESSY U 2,713 5,114
    749685103 RPM INTERNATIONAL IN 7,398 9,895
    66987V109 NOVARTIS AG - ADR 8,937 11,426
    217204106 COPART INC COM 17,418 19,215
    191216100 COCA COLA CO 9,516 11,352
    594918104 MICROSOFT CORP 4,562 9,119
    16359R103 CHEMED CORP NEW 13,434 14,913
    885160101 THOR INDS INC 18,729 17,947
    87807B107 TC ENERGY CORP 7,973 7,452
    810186106 THE SCOTTS MIRACLE-G 31,238 35,248
    620076307 MOTOROLA SOLUTIONS, 6,512 7,653
    86562M209 SUMITOMO TRUST AND B 7,843 6,441
    055262505 BASF AKTIENGESELLSCH 5,900 5,235
    G5960L103 MEDTRONIC PLC 3,456 5,271
    539830109 LOCKHEED MARTIN CORP 9,629 10,294
    303250104 FAIR ISSAC, INC 10,905 11,754
    38141G104 GOLDMAN SACHS GROUP 7,940 9,230
    302445101 FLIR SYS INC COM 9,934 11,264
    459506101 INTERNATIONAL FLAVOR 5,873 5,551
    826197501 SIEMENS AG - SPONSOR 5,946 6,533
    03662Q105 ANSYS INC 12,096 13,097
    55354G100 MSCI INC 25,029 27,238
    58933Y105 MERCK & CO INC NEW 8,602 9,898
    28414H103 ELANCO ANIMAL HEALTH 13,956 14,047
    032654105 ANALOG DEVICES INC 3,747 5,909
    744573106 PUBLIC SVC ENTERPRIS 3,644 4,023
    775711104 ROLLINS INC 11,915 12,190
    478160104 JOHNSON & JOHNSON 8,103 8,341
    045327103 ASPEN TECHNOLOGY INC 14,223 13,807
    438516106 HONEYWELL INTERNATIO 6,514 7,870
    833034101 SNAP ON INC 6,868 7,188

    TY 2020 InvestmentsOtherSchedule2
    Name:
    ROSS R & SARA G RHOADS FOUNDATION
    EIN:
    23-6271698
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    74925K581 ROBECO BP LNG/SHRT R      
    256210105 DODGE & COX INCOME F AT COST 300,000 296,959
    36205TPR8 GNMA POOL 400132 7.0 AT COST 2,680 2,706
    256206103 DODGE & COX INTL STO AT COST 289,995 311,984
    77954Q403 T ROWE PRICE BLUE CH AT COST 331,833 1,792,576
    36207FZJ3 GNMA POOL 431045 7.5 AT COST 1,013 1,027
    464287499 ISHARES RUSSELL MID- AT COST 100,698 249,111
    922908553 VANGUARD REIT VIPER      
    256219106 DODGE & COX STOCK FU AT COST 115,992 283,106
    693390841 PIMCO HIGH YIELD FD- AT COST 500,000 513,038
    74144Q203 T ROWE PRICE INST EM AT COST 531,332 842,092
    464287655 ISHARES RUSSELL 2000 AT COST 128,183 311,343
    0075W0759 EDGEWOOD GROWTH INST AT COST 250,000 453,804
    922031760 VANGUARD HIGH YIELD      
    464287804 ISHARES CORE S&P SMA AT COST 108,584 242,065
    464287200 ISHARES CORE S & P 5 AT COST 1,207,763 2,149,859
    86562MBF6 SUMITOMO MITSUI FINL      
    9128284X5 US TREASURY NOTE      
    912828PX2 US TREASURY NOTE 3.6      
    89151E109 TOTAL FINA ELF S.A.      
    06406FAA1 BANK OF NY MELLON CO      
    38141GWC4 GOLDMAN SACHS GROUP      
    594918104 MICROSOFT CORP      
    66987V109 NOVARTIS AG - ADR      
    747525103 QUALCOMM INC      
    771195104 ROCHE HOLDINGS LTD -      
    833034101 SNAP ON INC      
    060505104 BANK AMER CORP      
    904784709 UNILEVER N.V. - ADR      
    30231G102 EXXON MOBIL CORPORAT      
    46625H100 JPMORGAN CHASE & CO      
    03524A108 ANHEUSER-BUSCH INBEV      
    064149107 BANK OF NOVA SCOTIA      
    65339F101 NEXTERA ENERGY INC      
    26441C204 DUKE ENERGY HOLDING      
    609207105 MONDELEZ INTERNATION      
    912828F21 US TREASURY NOTE 2.1      
    126650CT5 CVS HEALTH CORP      
    06051GEU9 BANK OF AMERICA CORP      
    256677AC9 DOLLAR GENERAL CORP      
    031162100 AMGEN INC      
    032654105 ANALOG DEVICES INC      
    17275R102 CISCO SYSTEMS INC      
    375558103 GILEAD SCIENCES INC      
    110448107 BRITISH AMERICAN TOB      
    92343V104 VERIZON COMMUNICATIO      
    471105205 JAPAN TOBACCO INC-UN      
    58933Y105 MERCK & CO INC NEW      
    92334N103 VEOLIA ENVIRONNEMENT      
    9128284S6 US TREASURY NOTE      
    126650100 CVS/CAREMARK CORPORA      
    G25839104 COCA-COLA EUROPEAN P      
    86562M209 SUMITOMO TRUST AND B      
    756255204 RECKITT BENCKIS/S AD      
    91324PCC4 UNITEDHEALTH GROUP      
    418056107 HASBRO INC      
    717081103 PFIZER INC      
    744573106 PUBLIC SVC ENTERPRIS      
    055262505 BASF AG      
    62942M201 NTT DOCOMO, INC. - A      
    826197501 SIEMENS AG - ADR      
    80105N105 SANOFI-AVENTIS - ADR      
    00206R102 AT & T INC      
    00440EAT4 ACE INA HOLDINGS      
    91159HHL7 US BANCORP      
    05531FAV5 BB&T CORPORATION      
    06367TG38 BANK OF MONTREAL      
    115233819 BROWN ADV SMALL-CAP AT COST 100,000 146,692
    912828SF8 US TREASURY NOTE 2.0      
    054536107 AXA ADR      
    780259206 ROYAL DUTCH SHELL PL      
    9128283U2 US TREASURY NOTE      
    912828L57 US TREASURY NOTE      
    824348AU0 SHERWIN-WILLIAMS CO      
    74256W584 PRINCIPAL MIDCAP FUN AT COST 400,000 548,095
    922031737 VANGUARD INFLAT-PROT      
    456837103 ING GROEP N.V. - ADR      
    539830109 LOCKHEED MARTIN CORP      
    641069406 NESTLE S.A. REGISTER      
    500472303 KONINKLIJKE PHILIPS      
    502441306 LVMH MOET HENNESSY U      
    20449X401 COMPASS GROUP PLC AD      
    718172109 PHILIP MORRIS INTERN      
    438516106 HONEYWELL INTERNATIO      
    302544101 FPA NEW INCOME FUND AT COST 500,000 502,627
    87234N765 TCW EMRG MKTS INCM-I AT COST 375,000 379,051
    606822BD5 MITSUBISHI UFJ FIN      
    9128282N9 US TREASURY NOTE      
    548661107 LOWES COS INC      
    749685103 RPM INTERNATIONAL IN      
    191216100 COCA COLA CO      
    70450YAC7 PAYPAL HOLDINGS INC      
    931427AH1 WALGREENS BOOTS ALLI      
    26078JAB6 DOWDUPONT INC      
    31502A303 FERGUSON NEWCO PLC-A      
    20030N101 COMCAST CORP CLASS A      
    15089QAJ3 CELANESE US HOLDINGS      
    037833DM9 APPLE INC      
    41664T420 HARTFORD MIDCAP FUND      
    9128285R7 US TREASURY NOTE      
    30231GBC5 EXXON MOBIL CORPORAT      
    464288588 ISHARES MBS ETF AT COST 112,833 115,637
    969457100 WILLIAMS COS INC      
    912828WJ5 US TREASURY NOTE 2.5      
    482480AE0 KLA-TENCOR CORP 4.65      
    961214EC3 WESTPAC BANKING CORP      
    87807B107 TC ENERGY CORP      
    25157Y202 DEUTSCHE POST AG ADR      
    00287YBC2 ABBVIE INC      
    61746BDQ6 MORGAN STANLEY 3.875      
    921910501 VANGUARD INTL GRTH F AT COST 250,000 267,079
    413838780 OAKMARK FUND-INST #2 AT COST 200,000 239,963

    TY 2020 OtherDecreasesSchedule
    Name:
    ROSS R & SARA G RHOADS FOUNDATION
    EIN:
    23-6271698
    Description Amount
    PY RETURN OF CAPITAL ADJ 3,631
    MUTUAL FUND TIMING ADJ 684
    PURCHASE OF ACCRUED INTEREST CARRYOVER 174
    COST BASIS ADJUSTMENT 3,640


    TY 2020 OtherExpensesSchedule
    Name:
    ROSS R & SARA G RHOADS FOUNDATION
    EIN:
    23-6271698
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 11 0   11
    INVESTMENT EXPENSES - ADR FEES 172 172   0


    TY 2020 OtherIncomeSchedule2
    Name:
    ROSS R & SARA G RHOADS FOUNDATION
    EIN:
    23-6271698
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 36 36  


    TY 2020 TaxesSchedule
    Name:
    ROSS R & SARA G RHOADS FOUNDATION
    EIN:
    23-6271698
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,800 2,800   0
    FEDERAL TAX PAYMENT - PRIOR YE 1,555 0   0
    FEDERAL ESTIMATES - PRINCIPAL 5,592 0   0