Form990-PF
Click to see attachment

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
M L Parrish Family Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 2725
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Pikeville, KY41502
A Employer identification number

20-8076892
B Telephone number (see instructions)

(606) 437-1447
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$1,505,680J 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... 33,786 33,786 33,786
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 39,363
b Gross sales price for all assets on line 6a 682,008
7 Capital gain net income (from Part IV, line 2)... 39,363
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 73,149 73,149 33,786
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 200 200    
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 15,217 15,217    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 248 248    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 739 739    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 16,404 16,404   0
25 Contributions, gifts, grants paid....... 180,000 180,000
26 Total expenses and disbursements. Add lines 24 and 25 196,404 16,404   180,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -123,255
b Net investment income (if negative, enter -0-) 56,745
c Adjusted net income (if negative, enter -0-)... 33,786
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.............   104 104
2 Savings and temporary cash investments......... 53,187 18,517 18,517
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 70,671 Click to see attachment163,173 173,057
b Investments—corporate stock (attach schedule)....... 498,083 Click to see attachment517,749 888,645
c Investments—corporate bonds (attach schedule)....... 601,648 Click to see attachment400,791 425,357
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,223,589 1,100,334 1,505,680
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........ 1,223,589 1,100,334
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)..... 1,223,589 1,100,334
30 Total liabilities and net assets/fund balances (see instructions). 1,223,589 1,100,334
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
1,223,589
2
Enter amount from Part I, line 27a .....................
2
-123,255
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,100,334
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,100,334
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 154 Activision Blizzard Inc P 2020-01-01 2020-01-01
b 15000 ATUT Ind Dtd 02/15/2019 P 2019-10-17 2020-06-15
c 489.716 Diamnd Hill Sh P 2020-01-06 2020-03-05
d 1312.054 Fidelity Conservative Income P 2020-01-01 2020-01-03
e 496.524 Goldman Sachs Limited P 2020-01-23 2020-03-05
2169.183 JP Morgan Backed Securities P 2020-01-01 2020-01-01
20 McDonalds Corp P 2020-06-25 2020-10-26
20000 Nike Inc Dtd 03/27/20 P 2020-03-26 2020-12-22
172 PVH Corp P 2020-01-01 2020-04-16
90 Roche Holdings LTD Adr P 2019-05-15 2020-01-01
15000 Simon Property Group LP P 2019-06-24 2020-04-16
75000 US Treasury Notes P 2019-01-01 2020-03-24
20000 Waste Management Ind Dtd 05/22/2019 P 2020-03-03 2020-07-20
70 World Wrestling Entertainment P 2019-11-06 2020-02-05
39 Activision Blizzard Inc P 2001-01-01 2020-01-01
20000 Alabama Econ Settlement Auth B P 2016-12-08 2020-02-18
20000 Am Express Credit Mtn Fr P 2018-11-06 2020-01-07
15000 Amphenol Corp Sr Glbl P 2018-06-20 2020-01-13
18 Aple Computer P 2016-05-04 2020-08-25
250 AT&T Inc P 2001-01-01 2020-01-01
390 Bank Amer Corp P 2001-01-01 2020-01-01
15000 Bank of America Corp Dtd 01/20/2017 P 2017-02-01 2020-02-28
8842.483 Blackrock US Mortgage Portfolio P 2001-01-01 2020-01-01
49 Boeing Company P 2020-01-01 2020-01-01
20000 Boston PPTYS Ltd Partnership Dtd 06/27/2 P 2019-01-11 2020-04-16
113 BP Amoco P L C Spnsd Adr P 2001-01-01 2020-06-08
88 Caperpillar Inc P 2018-01-01 2020-01-01
25 Citigroup P 2013-03-22 2020-04-13
14421.47 Delta Air Lines Pt 2007-1 Dtd 10/11/2007 P 2019-02-07 2020-01-01
241 Dow Inc Com P 2001-01-01 2020-01-01
15000 EOG Resources Inc Dtd 05/20/2010 P 2018-07-13 2020-01-13
5000 Essex Cnty NJ Dtd 03/23/2006 P 2017-07-20 2020-10-01
20000 Eversource Energy Sr Glbl P 2019-04-05 2020-12-18
6 Facebook P 2020-01-01 2020-07-31
39 Fedex P 2001-01-01 2020-02-26
3172 Fidelity Conservative Income Bond P 2018-12-07 2020-01-03
518.714 Fidelity Select Retailing Portfolio P 2001-01-01 2020-01-01
24 Honeywell Intl P 2001-01-01 2020-11-16
15 Johnson & Johnson Com P 2001-01-01 2020-04-13
26 JP Morgan Chase & Co P 2011-09-01 2020-11-16
1119.92 JPMorgan Mortgage-Backed P 2001-01-01 2020-12-08
20 Lowes Cos Inc Com P 2016-09-20 2020-06-08
10 Markel Corp P 2013-01-15 2020-01-01
25 Mondelez Intl Inc Class A P 2001-01-01 2020-04-13
9 Nestle Sa Adr P 2018-05-23 2020-02-21
50 Pioneer Natural Resources P 2001-01-01 2020-06-08
71 Roche Holdings LTD Adr P 2001-01-01 2020-02-26
10 Unilever NV P 2018-11-13 2020-06-18
10964.91 United Airlines Ser 2014-1 Cl A Dtd 04/0 P 2016-06-20 2020-01-01
7 Unitedhealth Group P 2001-01-01 2020-10-26
22.955 Viatris Inc Com P 2001-01-01 2020-02-02
9 Visa Inc Class A Shares P 2015-02-04 2020-02-21
20000 Wells Fargo & Co Sr Nt Dtd 01/24/2017 P 2017-01-18 2020-02-28
12 JP Morgan Chase & Co P 2008-03-14 2020-11-16
12 Microsoft Corp P 2007-03-21 2020-02-21
9 Nestle Sa Adr P 2008-12-16 2020-02-21
115 Unilever NV P 2001-01-01 2020-06-18
(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 11,150   8,470 2,680
b 16,639   15,892 747
c 5,000   4,961 39
d 13,186   13,159 27
e 5,000   4,995 5
25,202   24,845 357
4,454   3,639 815
21,445   20,172 1,273
6,898   14,108 -7,210
3,712   2,893 819
14,857   15,454 -597
80,037   74,277 5,760
20,200   22,305 -2,105
3,411   3,912 -501
3,363   1,763 1,600
22,851   20,522 2,329
20,062   19,895 167
15,007   15,000 7
8,923   1,741 7,182
8,727   8,397 330
9,607   5,780 3,827
15,388   15,002 386
89,776   88,566 1,210
10,451   6,302 4,149
20,643   19,891 752
3,386   5,422 -2,036
13,102   12,122 980
1,174   1,134 40
13,727   15,720 -1,993
9,802   14,737 -4,935
15,140   15,065 75
5,000   5,175 -175
22,365   19,761 2,604
1,515   894 621
5,657   5,872 -215
31,879   31,752 127
8,634   8,148 486
4,980   3,516 1,464
2,105   1,862 243
3,028   955 2,073
13,025   12,291 734
2,612   1,432 1,180
11,670   4,605 7,065
1,300   1,105 195
1,000   684 316
5,819   8,288 -2,469
2,983   2,051 932
552   551 1
9,636   11,941 -2,305
2,253   924 1,329
410   355 55
1,874   597 1,277
20,512   19,927 585
1,398   442 956
2,138   335 1,803
1,000   324 676
6,343   2,717 3,626
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       2,680
b       747
c       39
d       27
e       5
      357
      815
      1,273
      -7,210
      819
      -597
      5,760
      -2,105
      -501
      1,600
      2,329
      167
      7
      7,182
      330
      3,827
      386
      1,210
      4,149
      752
      -2,036
      980
      40
      -1,993
      -4,935
      75
      -175
      2,604
      621
      -215
      127
      486
      1,464
      243
      2,073
      734
      1,180
      7,065
      195
      316
      -2,469
      932
      1
      -2,305
      1,329
      55
      1,277
      585
      956
      1,803
      676
      3,626
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 39,363
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 -874
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................................ 1 789
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 789
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 789
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 8
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 797
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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
     
    No
    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)
    bullet
    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 ofbullet   Telephone no.bullet

    Located atbullet ZIP+4bullet  
    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
    M Lynn Parrish Director & Pres
    5.00     		0    
    PO Box 2725
    Pikeville,KY41502
    Jessica J Parrish Director & Trea
    5.00     		0    
    PO Box 2725
    Pikeville,KY41502
    Jesse M Parrish Director
    5.00     		0    
    PO Box 2725
    PIkeville,KY41502
    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  
    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.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    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
    0
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    0
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    0
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    0
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    0
    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
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    789
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    789
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    789
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    789
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    0
    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
    180,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    180,000
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    180,000
    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 0
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 50,647
    c From 2017...... 65,983
    d From 2018...... 32,196
    e From 2019...... 110,000
    fTotal of lines 3a through e........ 258,826
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 180,000
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus 180,000
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 438,826
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		438,826
    10 Analysis of line 9:
    a Excess from 2016.... 50,647
    b Excess from 2017.... 65,983
    c Excess from 2018.... 32,196
    d Excess from 2019.... 110,000
    e Excess from 2020.... 180,000
    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).)
    M Lynn Parrish
    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
    University of Pikeville
    147 Sycamore Street
    Pikeville,KY41501     		None PC Osteopathic Coal Building Fund 50,000
    First Baptist Church of Pikeville
    126 4th Street
    Pikeville,KY41501     		None PC Christmas for Christ 25,000
    Life Action
    2727 Niles-Buchanan Rd
    Buchanan,MI49107     		None PC Year-End Campaign 50,000
    Challener Learining Center
    PO Box 2064
    Hazard,KY41702     		None NC Student Mission Fund 5,000
    Panther Excellence Fund
    4145 North Mayo Trail - Box 163
    Pikeville,KY41501     		None PC Facilities Improvement 50,000
    Total .................................bullet 3a 180,000
    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   33,786
    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 ............     		        39,363
    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)..     73,149
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    73,149
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    M L Parrish Family Foundation Inc
    EIN:
    20-8076892
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    American Express Credit Mtn Fr DTD 09/14    
    American Wtr Cap Corp DTD 08/09/2018 3.7 21,209 23,625
    Fidelity Conservative Income    
    Alabama ECON Setlmnt 4.263%    
    United Airlines ABD 4.000%    
    Vanguard S/T Invest Gr-Adm 23,226 23,269
    Bank of America Corp 3.124%    
    Boston PPTYS Ltd Ptrship 6/27/13 3.8%    
    Blackrock US Mortgage Port 13,350 14,292
    Rockwell Collins Inc Sr Glbl 14,990 15,427
    Shell Intl Finance Sr 3.25% 20,347 22,169
    Wells Fargo & Co 3.069%1/24    
    Duke Energy Carolinas DTD 20,012 23,854
    EOG Resources Inc DTD 5/20/10    
    General Dynamics Corp DTD 15,093 16,767
    JPMorgan Mortgage-Backes Sec 21,906 23,106
    Simon Property Group LP DTD    
    Apple Inc Sr Glbl NT DTD 2/23/16 3.25% 19,570 22,444
    AT&T Inc DTD 02/15/2019 3.8%    
    Amazon Com Inc Sr DTD 02/22/2018 3.15% 21,223 22,771
    Amphenol Corp Sr Glbl Nt DTD 4/1/20 2.2%    
    Berkshire Hathaway Inc Sr Nt DTD 3/15/16 14,630 16,760
    Delta Air Lines Pt 2007-1 DTD 10/11/07    
    Eversource Energy Sr Glbl DTD 1/8/18 3.3    
    US Treas Note DTD 8/15/19 1.625%    
    US Treas Note DTD 9/30/19 1.625%    
    AT&T Inc Dtd 08/15/2018 4.1% 16,892 17,635
    Abbvie Inc Dtd 05/12/2016 3.2% 21,289 22,158
    Bank of America Corp Fr Dtd 10/21/2016 16,699 16,786
    BP Cap Markets America Dtd 11/06/2018 22,774 23,902
    Diamnd Hill Sh Du Secr Bd 29,602 29,485
    Enterprise Prods Oper LLC Dtd 01/15/20 19,984 21,676
    Goldman Sachs Limited Mat Obligs 30,506 30,577
    PNC Financial Services Group Sr Nt Dtd 0 16,426 16,770
    Wells Fargo & Co Sr Nt Fr Dtd 01/24/2019 21,063 21,884

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    M L Parrish Family Foundation Inc
    EIN:
    20-8076892
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Citigroup Inc 7,664 10,421
    Alphabet 11,590 43,797
    AT&T 6,403 5,838
    FedEx Corp    
    Boeing Corp    
    Markel Corp    
    United Healthcare Group 5,095 28,756
    Johnson & Johnson 5,967 15,108
    JP Morgan Chase 5,779 22,110
    Medtronic Inc 13,275 20,968
    Microsoft 5,815 47,375
    Proctor & Gamble 4,956 11,966
    Pfizer 6,430 6,810
    Honeywell 10,940 20,845
    Nestle SA Adr 3,664 12,502
    Unilever NV NY    
    Apple Inc 9,495 53,076
    HCA Healthcare 9,962 18,091
    Visa Inc 11,350 38,496
    Bank Amer Corp 4,528 11,851
    Chevron 12,856 9,965
    Lowes Cos Inc 5,587 12,680
    Pepsico 6,808 9,788
    Pioneer Natural Res 12,453 10,022
    BP PLC Sponsored ADR 11,248 6,607
    Dow Inc    
    Facebook Inc 12,571 24,858
    Mastec Inc 9,097 13,772
    Mondelez Intl 11,854 16,664
    Roche Holding 3,682 5,855
    Broadcom Inc 8,867 21,455
    Amazon Comm Inc Sr 20,202 39,083
    Walmart Inc 12,335 18,019
    Intercontinental Exchange 17,141 24,096
    Berkshire Hathaway Inc Class B 13,853 15,072
    CVS Health Corp 17,967 19,807
    Caterpillar Inc    
    Cisco Systems 21,018 20,988
    Fidelity Select Retailing Porto 5,165 7,691
    Activision Blizard Inc 8,701 18,663
    Disney Walt Co Disney Walt Co Com 13,932 21,379
    World Wrestling Entertainment    
    TJX Cos Inc 17,264 24,038
    Fidelity National Information Services 7,054 11,175
    Dupont De Nemours Inc 16,288 13,013
    PVH Corp    
    Select Sector Spdr Utilitites 18,702 21,318
    Vanguard Real Estate ETF 15,137 15,882
    Zynga Inc Cl A 3,940 4,284
    Nike Inc 7,419 11,883
    Thermo Fisher Scientific Inc 8,182 13,042
    L3Harris Technologies Inc Com 19,649 19,091
    IShares Expnd Tech Sector ETF 5,875 6,297
    Keysight Technologies Inc Com 8,123 10,963
    Paypal Hldgs Inc Com 9,363 11,710
    Iqvia Holding Inc 7,142 8,779
    Levi Strauss & Co Cl A 5,542 6,988
    Raytheon Technologies Corp Com 3,743 4,434
    Linde PLC 8,934 12,648
    Allison Transmission Hldgs Inc 7,142 8,626

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    M L Parrish Family Foundation Inc
    EIN:
    20-8076892
    Software ID:
    20011551
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

    39,973
    US Government Securities - End of Year Fair Market Value:

    39,994
    State & Local Government Securities - End of Year Book Value:


    123,200
    State & Local Government Securities - End of Year Fair Market Value:


    133,063


    TY 2020 LegalFeesSchedule
    Name:
    M L Parrish Family Foundation Inc
    EIN:
    20-8076892
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Dentons Bringham Greenbaum LLP 200 200 0 0


    TY 2020 OtherExpensesSchedule
    Name:
    M L Parrish Family Foundation Inc
    EIN:
    20-8076892
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Kentucky Annual Fee 15 15    
    Other investment costs 724 724    


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    M L Parrish Family Foundation Inc
    EIN:
    20-8076892
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Trustee Fee 15,217 15,217 0 0


    TY 2020 TaxesSchedule
    Name:
    M L Parrish Family Foundation Inc
    EIN:
    20-8076892
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Excise Tax 248 248