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
MARAK FAMILY FOUNDATION
CO FOUNDATION SOURCE
Number and street (or P.O. box number if mail is not delivered to street address)501 SILVERSIDE ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE19809
A Employer identification number

61-1669789
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,839,313J 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... 150,827 150,827 150,827
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 91,760
b Gross sales price for all assets on line 6a 6,804,695
7 Capital gain net income (from Part IV, line 2)... 91,760
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........ 242,587 242,587 150,827
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,020 2,020 2,020  
c Other professional fees (attach schedule).... Click to see attachment 37,505 37,505 37,505  
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,469 6,469 6,469  
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 45,994 45,994 45,994 0
25 Contributions, gifts, grants paid....... 268,820 268,820
26 Total expenses and disbursements. Add lines 24 and 25 314,814 45,994 45,994 268,820
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -72,227
b Net investment income (if negative, enter -0-) 196,593
c Adjusted net income (if negative, enter -0-)... 104,833
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......... 78,566 95,794 95,794
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,600,897 Click to see attachment1,112,019 1,529,432
c Investments—corporate bonds (attach schedule)....... 100,665    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,181,363 Click to see attachment3,681,451 4,214,087
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) 4,961,491 4,889,264 5,839,313
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........ 4,961,491 4,889,264
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)..... 4,961,491 4,889,264
30 Total liabilities and net assets/fund balances (see instructions). 4,961,491 4,889,264
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
4,961,491
2
Enter amount from Part I, line 27a .....................
2
-72,227
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,889,264
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
4,889,264
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 27 AT&T INC P 2020-03-12 2020-04-14
b 3 ALEXANDRIA REAL ESTATE EQ P 2020-03-26 2020-04-14
c 31 ALLIANT ENERGY CORP P 2020-03-26 2020-04-14
d 118 AMGEN INC P 2020-01-01 2020-04-14
e 25 AVERY DENNISON CORP P 2020-03-12 2020-04-14
18 BOEING CO P 2019-06-07 2020-01-03
320 BRIXMOR PROPERTY P 2020-01-03 2020-03-18
935 CSX CORP P 2020-01-22 2020-03-17
745 CHEVRON CORP P 2020-01-01 2020-12-31
145 CISCO SYSTEMS P 2020-01-03 2020-03-26
1085 COCA COLA COMPANY P 2020-01-01 2020-12-31
1104 CONOCOPHILLIPS P 2020-01-01 2020-02-26
56 CYRUSONE INCORP P 2020-01-10 2020-03-26
7 DIGITIAL RLTY TR INC P 2020-03-26 2020-04-14
485 DISNEY WALT COMPANY P 2020-01-01 2020-03-06
60 DOMINION ENERGY INC P 2020-01-10 2020-03-26
830 ENERGY TRANSFER OPERATING P 2020-01-01 2020-12-31
4 EXTRA SPACE STORAGE INC P 2020-03-26 2020-04-14
237 FIRST TRUST NORTH AMERICAN ENERGY P 2020-03-26 2020-04-14
580 FIRSTENERGY CORP P 2020-01-01 2020-03-18
5455 GLOBAL X MLP & ENERGY INFRA P 2020-01-01 2020-12-31
778 HESS MIDSTREAM LP P 2020-01-01 2020-03-10
8 HOME DEPOT INC P 2020-01-22 2020-03-26
261 INVESCO QQQ P 2020-01-01 2020-03-23
1595 ISHARES INC MSCI EURZONE P 2019-10-17 2020-03-26
740 ISHARES TR IBOXX INV CP ETF P 2019-12-02 2020-03-23
1445 ISHARES TR 20 YR TR BD ETF P 2020-01-01 2020-12-31
2699 ISHARES TR 1 3 YR TREAS BD P 2020-01-01 2020-06-01
483 ISHARES TR US FINLS ETF P 2020-01-01 2020-04-28
1529 ISHARES TR CORE S&P SCP ETF P 2020-01-01 2020-12-31
920 ISHARES TR EAFE SML CP P 2019-11-26 2020-03-19
222 ISHARES TR SHORT TREAS BD P 2020-01-01 2020-12-31
3801 ISHARES TR PFD AND INCM SEC P 2020-01-01 2020-12-31
890 ISHARES TR EAFE GRWTH ETF P 2020-03-09 2020-03-26
140 ISHARES TR CORE MSCI EAFE P 2019-11-04 2020-03-26
4544 ISHARES INCORP CORE MSCI EMKT P 2020-01-01 2020-12-31
785 ISHARES TR MSCI INTL MOMENT P 2020-03-09 2020-03-26
1518 ISHARES TR MSCI INTL QUALITY P 2020-01-01 2020-03-26
5785 ISHARES TR MSCI INTL VLU FT P 2019-10-17 2020-03-09
15 JPMORGAN CHASE & CO. P 2020-01-22 2020-03-26
1260 JP MORGAN BETABUILDERS P 2019-08-27 2020-03-26
3877.744 JPMORGAN HIGH YIELD MUNI FUND CLASS I P 2019-06-25 2020-01-22
151 KINDER MORGAN INCORP P 2020-01-03 2020-04-14
226 LILLY ELI & COMPANY P 2019-06-07 2020-04-14
95 MASCO CORP P 2020-03-17 2020-04-14
101 MONDELEZ INTERNATIONAL P 2020-03-17 2020-04-14
1312 MORGAN STANLEY COM NEW P 2020-03-03 2020-03-12
1695 NEW RESIDENTIAL INVT CORP P 2020-01-01 2020-03-16
773 OSHKOSH CORP P 2020-01-01 2020-03-02
485 PACKAGING CORP AMER P 2019-08-15 2020-01-03
555 PEMBINA PIPELINE P 2020-01-01 2020-03-18
19 PEPSICO INC P 2020-01-22 2020-03-26
271 PFIZER INC P 2020-01-01 2020-12-31
814.488 PRINCIPAL SPECTRUM PREFERRED AND CPTL P 2020-01-01 2020-12-31
17 PROCTOR AND GAMBLE COMPANY P 2020-01-22 2020-03-26
110 PUBLIC SVC ENTERPRISE GROUP P 2019-05-31 2020-03-18
30 ROYAL GOLD INC P 2020-01-27 2020-03-26
379 SPDR S&P 500 ETF P 2020-01-01 2020-03-23
225 SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND P 2019-11-04 2020-03-23
774 SPDR MATERIALS SELECT SECTOR P 2020-02-27 2020-03-12
23 SPDR CONSUMER STAPLES SELECT P 2020-03-19 2020-04-14
1408 SPDR ENERGY SELECT SECTOR P 2020-03-17 2020-04-28
2163 SPDR FINANCIAL SELECT SECTRO P 2020-03-02 2020-03-03
620 SPDR TECHNOLOGY SELECT SECTOR P 2020-03-02 2020-04-28
1090 SPDR COMMUNICATION SERVICES SELECT P 2020-03-06 2020-03-12
5 SEMPRA ENERGY P 2020-04-14 2020-04-17
810 STARBUCKS CORP P 2019-06-07 2020-03-17
246 STORE CAP CORP P 2020-01-03 2020-02-11
630 TARGA RES CORP P 2020-01-03 2020-02-11
106 UNITED PARCEL SERVICE INC P 2020-01-01 2020-12-31
117 UNITED TECHNOLOGIES CORP P 2019-10-25 2020-03-16
120 VALERO ENERGY CORP P 2019-06-07 2020-01-03
1544 VANECK VECTORS FALLEN ANGEL HIGH YIELD B P 2020-01-01 2020-12-31
517 VANGUARD DIVIDEND APPRECIATION P 2020-01-01 2020-12-31
729 VANGUARD SHORT TERM BOND ETF P 2020-03-09 2020-05-27
554 VANGUARD TOTAL INTERNATIONAL BOND P 2020-01-01 2020-06-01
605 WALMART INC P 2020-01-01 2020-12-31
1434 WF & COMPANY NEW P 2020-01-01 2020-03-02
1256 WESTROCK COMPANY P 2020-01-01 2020-02-27
180 WILLIAMS COMPANIES INC P 2020-01-01 2020-03-06
1279 WISDOMTREE INTERNATIONAL HEDGED QUALITY P 2020-03-19 2020-03-26
140 LYONDELLBASELL INDUSTRIES P 2020-01-10 2020-03-09
145 ROYAL CARIBBEAN GROUP P 2020-01-01 2020-12-31
558 AMEX COMPANY P 2019-01-01 2020-12-31
119 APPLE INC P 2019-01-01 2020-12-31
1366 ARES CAPITAL CORP P 2014-01-31 2020-03-19
170 BOEING CO P 2017-05-23 2020-01-03
50000 THE BOEING COMPANY P 2013-12-18 2020-02-01
405 BRIXMORE PROPERTY GROUP P 2019-01-10 2020-03-18
149 CISCO SYSTEMS P 2018-07-05 2020-12-31
198 COMCAST CORP P 2019-01-01 2020-12-31
189 CYRUSONE INCORP P 2018-01-24 2020-12-31
97 DOMINION ENERGY INC P 2019-02-08 2020-12-31
405 CBOE VEST S&P 500 DIVIDEND ARISTO P 2019-01-01 2020-12-31
230 EQUITY LIFESTYLE PPTYS INC REIT P 2014-01-31 2020-12-31
54 HOME DEPOT INC P 2018-07-05 2020-12-31
506 INTEL CORPORATION P 2019-01-01 2020-12-31
479 INVESCO ACTIVELY MANAGED ETF P 2019-01-01 2020-12-31
497 ISHARES TR IBOXX INV CP ETF P 2019-01-02 2020-12-31
242 ISHARES TR 20 YR TR BD ETF P 2018-12-03 2020-03-23
2874 ISHARES TR JPMORGAN USD EMG P 2019-01-01 2020-12-31
2035 ISHARES TR MSCI INTL QUALITY P 2019-01-01 2020-03-26
85 JPMORGAN CHASE & CO. P 2019-01-01 2020-01-03
510 JPMORGAN BETABUILDERS JAPAN ETF P 2018-08-03 2020-03-26
63 JOHNSON AND JOHNSON COM P 2014-08-27 2020-12-31
76 MASTERCARD INC CLASS A P 2018-07-05 2020-12-31
195 MICROSOFT P 2012-08-20 2020-12-31
73 NEXTERA ENERGY INC P 2014-01-31 2020-12-31
113 PEPSICO INC P 2019-01-01 2020-12-31
137 PFIZER INC P 2019-01-01 2020-04-14
16303.296 PRINCIPAL SPECTRUM PREFERRED AND CPTL P 2019-01-01 2020-03-20
131 PROCTOR AND GAMBLE COMPANY P 2019-01-01 2020-12-31
795 PROGRESSIVE CORPORATION P 2018-07-05 2020-01-03
410 PUBLIC SVC ENTERPRISE GROUP P 2019-03-08 2020-03-18
29 ROYAL GOLD INC P 2017-03-24 2020-12-31
137 SPDR S&P 500 ETF P 2019-01-01 2020-12-31
428 SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND P 2019-02-01 2020-03-23
1299 SPDR REAL ESTATE SELECT SECTOR P 2019-01-01 2020-12-31
81 SEMPRA ENERGY P 2019-01-01 2020-12-31
605 TARGET CORPORATION P 2019-01-01 2020-12-31
93 UNITEDHEALTH GROUP INC P 2019-01-01 2020-12-31
665 VALERO ENERGY CORP P 2019-01-01 2020-01-03
807 VANGUARD DIVIDEND APPRECIATION P 2019-01-01 2020-12-31
326 VERIZON COMMUNICATIONS P 2019-01-01 2020-12-31
137 WEC ENERGY GROUP INC P 2017-03-24 2020-12-31
1065 WILLIAMS COMPANIES INC P 2018-12-28 2020-12-31
158 AMERICAN WTR WKS COMPANY P 2014-01-31 2020-12-31
420 ISHARES TR JPMORGAN USD EMG P 2019-01-01 2020-12-31
3707.637 AMERICAN FUNDS INTL VANTAGE P 2020-03-26 2020-09-16
1583 AT&T INC P 2020-01-01 2020-12-31
377 CHEVRON CORP P 2020-04-28 2020-09-16
1175 CONOCOPHILLIPS P 2020-09-16 2020-10-22
374 CONSUMER DISCRETIONARY P 2020-06-02 2020-09-16
233 CONSUMER STAPLES SELECT SECTOR SPDR P 2020-01-01 2020-09-16
66 DIGITIAL RLTY TR INC P 2020-01-01 2020-11-19
580 FIRST TR EXCHANGE TRADED FD IV NO AMER E P 2020-05-27 2020-12-16
800 GILEAD SCIENCES INC COM P 2020-09-16 2020-10-22
70 INVESCO QQQ TR UNIT SER 1 P 2020-09-16 2020-12-01
1777 ISHARES IBOXX $ INVT GRADE CORP BD FUND P 2020-06-01 2020-12-31
2720 ISHARES TR JP MOR EMMK ETF P 2020-06-01 2020-12-31
685 ISHARES TR 20 YR TR BD ETF P 2019-12-02 2020-12-01
1002 ISHARES TRUST 1-3 YEAR TREASURY BOND ETF P 2020-04-01 2020-09-16
9 JPMORGAN CHASE & CO. P 2020-01-01 2020-09-16
428 KINDER MORGAN INCORP P 2020-01-01 2020-10-05
340 MASCO CORP P 2020-03-17 2020-09-16
898 MONDELEZ INTERNATIONAL P 2020-01-01 2020-09-16
113 PHILLIPS 66 COM P 2020-05-27 2020-09-16
748.363 PIMCO PREFERRED AND CAPTL SECURITIES P 2020-04-16 2020-10-19
186 SPDR S&P 500 ETF P 2020-09-16 2020-12-01
1180 SPDR SER TR BLOOMBERG BRCLYS JNK P 2020-06-01 2020-09-16
290 VANECK VECTORS ETF TR FALLEN ANGEL HG P 2020-01-01 2020-12-16
148 VANGUARD BD INDEX FDS P 2020-03-09 2020-10-19
565 VANGUARD CHARLOTTE TOTAL INTL BD INDEX P 2020-01-01 2020-12-01
530 VANGUARD SPECIALIZED FUNDS DIV APP ETF P 2020-01-01 2020-12-01
218 AMGEN INC P 2019-06-07 2020-09-16
225 APPLE INC P 2017-05-22 2020-09-16
1156 CISCO SYSTEMS P 2018-07-05 2020-09-16
158 DOMINION ENERGY INC P 2019-02-08 2020-09-16
329 ELI LILLY AND CO P 2019-06-07 2020-09-16
245 INVESCO QQQ P 2018-01-01 2020-12-01
243 ISHARES IBOXX $ P 2019-01-02 2020-09-16
280 ISHARES TRUST 1-3 YEAR TREASURY BOND ETF P 2019-01-01 2020-12-31
496 JPMORGAN CHASE & CO. P 2019-01-01 2020-09-16
179 MASTERCARD INC CLASS A P 2018-07-05 2020-09-16
5 NEXTERA ENERGY INC P 2014-01-31 2020-11-11
1359 PFIZER INC P 2019-01-01 2020-09-16
409 PROCTER AND GAMBLE COMPANY P 2014-06-30 2020-09-16
124 SPDR S&P 500 ETF P 2019-02-01 2020-12-01
485 UNITED PARCEL SERVICE INC P 2019-06-07 2020-09-16
50000 WALMART INC NOTE 3.25% P 2012-08-29 2020-10-26
Capital Gain Dividends      
(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 828   892 -64
b 462   406 56
c 1,627   1,421 206
d 25,615   20,740 4,875
e 2,773   2,617 156
5,981   6,402 -421
3,216   6,614 -3,398
48,583   69,889 -21,306
60,972   77,254 -16,282
5,678   6,922 -1,244
49,070   51,716 -2,646
56,727   72,548 -15,821
3,086   3,744 -658
1,020   905 115
54,037   64,973 -10,936
4,323   4,947 -624
11,675   20,580 -8,905
396   346 50
4,624   4,210 414
20,736   23,674 -2,938
33,304   68,346 -35,042
8,593   14,352 -5,759
1,565   1,880 -315
44,943   50,863 -5,920
49,512   63,913 -14,401
83,338   94,045 -10,707
234,376   237,199 -2,823
233,677   233,975 -298
51,403   43,894 7,509
91,443   97,916 -6,473
35,874   56,202 -20,328
25,705   25,766 -61
124,491   108,612 15,879
62,876   67,596 -4,720
7,006   8,975 -1,969
177,345   172,715 4,630
20,732   22,514 -1,782
39,199   43,110 -3,911
112,227   135,493 -23,266
1,452   2,049 -597
25,908   28,264 -2,356
82,107   80,180 1,927
2,269   3,163 -894
31,005   26,772 4,233
3,722   3,550 172
5,463   4,953 510
44,629   58,103 -13,474
18,306   27,175 -8,869
58,011   72,769 -14,758
53,023   48,614 4,409
6,999   20,833 -13,834
2,193   2,717 -524
8,975   10,654 -1,679
7,987   8,319 -332
1,768   2,148 -380
4,323   6,455 -2,132
2,729   3,441 -712
85,633   111,111 -25,478
19,215   24,390 -5,175
34,652   42,903 -8,251
1,363   1,271 92
49,127   40,367 8,760
58,272   57,250 1,022
54,823   55,097 -274
48,452   53,550 -5,098
623   633 -10
49,348   67,038 -17,690
4,201   9,762 -5,561
24,109   25,648 -1,539
10,322   10,644 -322
10,918   16,855 -5,937
10,988   8,935 2,053
42,440   46,317 -3,877
49,577   58,580 -9,003
59,863   60,176 -313
31,738   31,174 564
72,111   64,617 7,494
56,905   75,914 -19,009
43,290   53,811 -10,521
3,119   4,255 -1,136
38,998   36,196 2,802
8,495   12,671 -4,176
12,124   16,544 -4,420
42,089   55,038 -12,949
33,965   19,898 14,067
13,907   24,336 -10,429
56,491   31,217 25,274
50,000   50,000  
4,070   6,292 -2,222
6,407   6,332 75
7,445   7,612 -167
10,978   10,109 869
7,199   7,032 167
16,357   16,273 84
12,444   4,512 7,932
10,740   10,510 230
28,807   16,709 12,098
108,798   87,140 21,658
56,454   56,179 275
39,111   27,899 11,212
143,950   175,002 -31,052
52,550   56,516 -3,966
11,781   5,250 6,531
10,486   12,323 -1,837
8,198   6,495 1,703
21,735   15,068 6,667
30,728   6,000 24,728
16,448   6,723 9,725
13,902   12,926 976
4,934   6,314 -1,380
135,643   157,498 -21,855
14,245   11,469 2,776
59,072   46,988 12,084
16,112   24,083 -7,971
2,707   1,958 749
40,458   38,251 2,207
36,550   45,162 -8,612
41,762   41,478 284
10,051   8,496 1,555
69,619   44,723 24,896
25,025   23,373 1,652
60,892   41,945 18,947
94,159   85,950 8,209
17,498   17,318 180
12,010   8,378 3,632
21,117   22,194 -1,077
19,130   6,727 12,403
38,336   43,631 -5,295
56,319   45,307 11,012
46,151   51,965 -5,814
28,895   34,059 -5,164
37,070   40,297 -3,227
55,705   47,225 8,480
15,194   12,818 2,376
9,360   8,589 771
12,593   12,093 500
47,871   52,684 -4,813
21,251   19,564 1,687
243,289   233,569 9,720
309,262   289,478 19,784
107,967   94,749 13,218
86,661   86,832 -171
901   890 11
5,318   7,678 -2,360
20,071   12,703 7,368
52,429   43,830 8,599
6,695   9,171 -2,476
7,980   7,259 721
68,136   63,526 4,610
124,157   120,033 4,124
9,247   7,894 1,353
12,272   12,217 55
32,933   31,669 1,264
73,867   68,066 5,801
54,585   38,205 16,380
25,827   8,661 17,166
46,889   49,127 -2,238
12,847   11,455 1,392
49,822   38,974 10,848
74,379   44,318 30,061
33,061   27,468 5,593
24,176   23,340 836
49,653   30,255 19,398
61,366   35,489 25,877
389   115 274
50,433   34,407 16,026
56,977   32,340 24,637
45,424   33,541 11,883
78,932   47,714 31,218
50,000   50,000  
      23,368
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       -64
b       56
c       206
d       4,875
e       156
      -421
      -3,398
      -21,306
      -16,282
      -1,244
      -2,646
      -15,821
      -658
      115
      -10,936
      -624
      -8,905
      50
      414
      -2,938
      -35,042
      -5,759
      -315
      -5,920
      -14,401
      -10,707
      -2,823
      -298
      7,509
      -6,473
      -20,328
      -61
      15,879
      -4,720
      -1,969
      4,630
      -1,782
      -3,911
      -23,266
      -597
      -2,356
      1,927
      -894
      4,233
      172
      510
      -13,474
      -8,869
      -14,758
      4,409
      -13,834
      -524
      -1,679
      -332
      -380
      -2,132
      -712
      -25,478
      -5,175
      -8,251
      92
      8,760
      1,022
      -274
      -5,098
      -10
      -17,690
      -5,561
      -1,539
      -322
      -5,937
      2,053
      -3,877
      -9,003
      -313
      564
      7,494
      -19,009
      -10,521
      -1,136
      2,802
      -4,176
      -4,420
      -12,949
      14,067
      -10,429
      25,274
       
      -2,222
      75
      -167
      869
      167
      84
      7,932
      230
      12,098
      21,658
      275
      11,212
      -31,052
      -3,966
      6,531
      -1,837
      1,703
      6,667
      24,728
      9,725
      976
      -1,380
      -21,855
      2,776
      12,084
      -7,971
      749
      2,207
      -8,612
      284
      1,555
      24,896
      1,652
      18,947
      8,209
      180
      3,632
      -1,077
      12,403
      -5,295
      11,012
      -5,814
      -5,164
      -3,227
      8,480
      2,376
      771
      500
      -4,813
      1,687
      9,720
      19,784
      13,218
      -171
      11
      -2,360
      7,368
      8,599
      -2,476
      721
      4,610
      4,124
      1,353
      55
      1,264
      5,801
      16,380
      17,166
      -2,238
      1,392
      10,848
      30,061
      5,593
      836
      19,398
      25,877
      274
      16,026
      24,637
      11,883
      31,218
       
       
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 91,760
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 -265,992
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 2,733
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 2,733
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 2,733
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 56
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,789
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
    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)
    bulletTX
    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 ofbulletFOUNDATION SOURCE Telephone no.bullet (800) 839-1754

    Located atbullet501 SILVERSIDE ROAD STE 123WILMINGTONDE ZIP+4bullet198091377
    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
    CLARENCE E MARAK President
    1.00     		0    
    2346 BEECH
    PAMPA,TX79065
    BETTY L MARAK SEC/TREAS
    1.00     		0    
    2346 BEECH
    PAMPA,TX79065
    KEN M MARAK Vice President
    1.00     		0    
    4015 FALCON LAKE
    ARLINGTON,TX76016
    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
    5,316,801
    b
    Average of monthly cash balances.......................
    1b
    83,297
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,400,098
    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
    5,400,098
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    81,001
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,319,097
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    265,955
    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
    265,955
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,733
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,733
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    263,222
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    263,222
    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
    263,222
    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
    268,820
    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
    268,820
    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
    268,820
    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 7 263,222
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 268,808
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 268,820
    a Applied to 2019, but not more than line 2a 268,808
    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..... 12
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		263,210
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    CLARENCE E MARAK
    BETTY L MARAK
    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
    ROMAN CATHOLIC DIOCESE OF AMARILLO
    PO BOX 5644
    AMARILLO,TX79117     		NONE PUB CH GENERAL OPERATING OTHER ($5K) AND SUPPORT OF EDUCATION OF SEMINARIANS ($25K) 57,600
    PAMPA MEALS ON WHEELS
    PO BOX 939
    PAMPA,TX79066     		NONE PUB CH GENERAL SUPPORT 12,000
    TOP OF TEXAS CRISIS PREGNANCY CENTE
    PO BOX 2097
    PAMPA,TX79066     		NONE PUB CH GENERAL SUPPORT 12,000
    TRALEE CRISIS CENTER
    PO BOX 2880
    PAMPA,TX79066     		NONE PUB CH GENERAL SUPPORT 12,000
    BUCKNER CHILDREN AND FAMILY SERVICE
    700 N PEARL ST STE 1200
    DALLAS,TX75201     		NONE PUB CH GENERAL - FOCUSED ON AMARILLO, OTHER 12,000
    CATHOLIC STUDENT CENTER
    2610 4TH AVE
    CANYON,TX79015     		NONE PUB CH GENERAL SUPPORT 4,800
    GOOD SAMARITAN CHRISTIAN SERVICES
    309 N WARD ST
    PAMPA,TX79065     		NONE PUB CH GENERAL SUPPORT 12,000
    HIGH PLAINS FOOD BANK
    PO BOX 31803
    AMARILLO,TX79120     		NONE PUB CH GENERAL SUPPORT 12,000
    ST VINCENT DE PAUL CATHOLIC CHURCH
    810 W 23RD AVE
    PAMPA,TX79065     		NONE PUB CH GENERAL SUPPORT 24,000
    MEDICAL CENTER LEAGUE HOUSE OF AMAR
    7000 W AMARILLO BLVD
    AMARILLO,TX79106     		NONE PUB CH GENERAL SUPPORT 12,000
    BOYS GIRLS CLUB OF GREATER FT TARRA
    3218 E BELKNAP ST
    FORT WORTH,TX76111     		NONE PUB CH GENERAL SUPPORT 19,200
    HOMES FOR OUR TROOPS INC
    6 MAIN STREET
    TAUNTON,MA02780     		NONE PUB CH GENERAL SUPPORT 2,815
    MAKE-A-WISH FOUNDATION
    12625 SOUTHWEST FWY
    STAFFORD,TX77477     		NONE PUB CH GENERAL SUPPORT 2,815
    MISSION METROPLEX INC
    210 W SOUTH ST
    ARLINGTON,TX76010     		NONE PUB CH GENERAL SUPPORT 9,600
    ACH CHILD AND FAMILY SERVICES
    3712 WICHITA ST
    FORT WORTH,TX76119     		NONE PUB CH GENERAL SUPPORT 2,820
    OPERATION HOMEFRONT INC
    1355 CENTRAL PARKWAY S STE 100
    SAN ANTONIO,TX78232     		NONE PUB CH GENERAL SUPPORT 2,815
    CASA OF THE HIGH PLAINS
    PO BOX 604
    PAMPA,TX79066     		NONE PUB CH GENERAL SUPPORT 12,000
    CITYSQUARE
    4000 EAST SIDE AVE
    DALLAS,TX75226     		NONE PUB CH GENERAL SUPPORT 2,820
    FOOD FOR THE POOR INC
    6401 LYONS ROAD
    COCONUT CREEK,FL33073     		NONE PUB CH GENERAL SUPPORT 9,600
    WI COOK FOUNDATION INC
    801 7TH AVE
    FORT WORTH,TX76104     		NONE PUB CH GENERAL SUPPORT 3,350
    GUNS N HOSES FOUNDATION
    1891 FOREST LN
    GARLAND,TX75042     		NONE PUB CH GENERAL SUPPORT 2,815
    ARLINGTON ISD EDUCATION FOUNDATION
    1141 W PIONEER PKWY NO 103
    ARLINGTON,TX76013     		NONE PUB CH AISD TURNING POINT UNIFORM PROJECT, MEALS, OTHER 3,350
    CATHOLIC FAMILY SERVICE INC
    PO BOX 15127
    AMARILLO,TX79105     		NONE PUB CH SUPPORT OF CCTXP YOUTH SHELTER, GENERAL SUPPORT 9,600
    LENA POPE HOME INC
    3200 SANGUINET ST
    FORT WORTH,TX76107     		NONE PUB CH SUPPORT OF SUBSTANCE ABUSE PROGRAM, OTHER 2,820
    RONALD MCDONALD HOUSE CHARITIES OF
    1501 STREIT DR
    AMARILLO,TX79106     		NONE PUB CH GENERAL SUPPORT 12,000
    Total .................................bullet 3a 268,820
    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....     14 150,827  
    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 91,760  
    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)..   242,587  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    242,587
    (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 AccountingFeesSchedule
    Name:
    MARAK FAMILY FOUNDATION
     
    CO FOUNDATION SOURCE
    EIN:
    61-1669789
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 2,020 2,020 2,020 0

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    MARAK FAMILY FOUNDATION
     
    CO FOUNDATION SOURCE
    EIN:
    61-1669789
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INTEL CORP 25,405 40,553
    PFIZER INC    
    VERIZON COMMUNICATNS COM 37,150 49,879
    AMERICAN WTR WKS CO INC 5,846 17,189
    JPMORGAN CHASE & CO    
    JOHNSON AND JOHNSON 10,516 16,053
    MICROSOFT CORP 8,769 63,390
    NEXTERA ENERGY INC SHS 7,069 23,685
    PROCTOR & GAMBLE CO    
    SEMPRA ENERGY 11,924 16,436
    VALERO ENERGY CORP NEW    
    APPLE INCORPORATED 17,585 60,905
    BOEING COMPANY    
    ROYAL GOLD INCORPORATED 5,248 7,552
    WEC ENERGY GROUP 9,072 13,252
    AMERICAN EXPRESS COMPANY    
    CISCO SYSTEMS INCORPORATED    
    COMCAST CORPORATION NEW CLASS A 46,118 68,068
    HOME DEPOT INCORPORATED 44,769 62,686
    MASTERCARD INCORPORATED    
    PEPSICO INCORPORATED 39,585 53,685
    PROGRESSIVE CORPORATION 48,698 59,031
    TARGET CORPORATION    
    UNITEDHEALTH GROUP INCORPORATED 43,759 63,122
    CYRUSONE INCORPORATED REIT 9,466 12,874
    EQUITY LIFESTYLE PPTYS INCORPORATED REIT 4,989 14,446
    AMGEN INCORPORATED    
    CHEVRON CORPORATION NEW    
    DISNEY WALT COMPANY COM    
    DOMINION ENERGY INC    
    FIRSTENERGY CORPORATION    
    LILLY ELI & COMPANY    
    PACKAGING CORPORATION AMER    
    PEMBINA PIPELINE CORPORATION (CANADA)    
    PUBLIC SVC ENTERPRISE GRP INC    
    STARBUCKS CORPORATION    
    UNITED PARCEL SERVICE INC CLASS B    
    UNITED TECHNOLOGIES    
    WALMART INCORPORATED 52,775 55,498
    WILLIAMS COMPANIES INC DEL 8,833 9,103
    ROYAL CARIBBEAN CRUISES LIMITED (LIBERIA    
    BRIXMORE PROPERTY GROUP INC REIT    
    ENERGY TRANSFER OPERATING LP CUM UNIT E    
    NEW RESIDENTIAL INVT CORP COM NEW REIT    
    ALLIANT ENERGY CORP COM 11,962 13,398
    AVERY DENNISON CORP COM 33,333 49,480
    CVS HEALTH CORPORATION 52,289 63,519
    CENTERPOINT ENERGY INC COM STK 11,318 11,145
    DR HORTON INC COM STK 53,073 49,967
    DTE ENERGY CO 8,691 8,499
    DAVITA INC COM 46,013 67,270
    EXXON MOBIL CORP 36,998 44,765
    LPL FINANCIAL HOLDINGS INC 53,539 68,785
    LOWES COMPANIES INC COM 52,818 49,758
    MASCO CORP COM 33,276 49,107
    MERCK & CO INC COM 47,561 49,489
    QUALCOMM INC 53,037 69,315
    SYNAPTICS INC 53,147 60,732
    TC ENERGY CORPORATION COM NPV 13,604 12,379
    TEXAS INSTRUMENTS INC COM 48,952 69,427
    UNITED RENTALS INC 53,191 69,573
    ALEXANDRIA REAL ESTATE EQUITIES COM 5,548 7,307
    EXTRA SPACE STORAGE INC 6,093 8,110

    TY 2020 InvestmentsOtherSchedule2
    Name:
    MARAK FAMILY FOUNDATION
     
    CO FOUNDATION SOURCE
    EIN:
    61-1669789
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARES CAPITAL CORP AT COST    
    GUGGENHEIM TOTAL RETURN BOND FUND INSTIT AT COST 1,375,814 1,501,627
    ISHARES TR CORE MSCI EAFE AT COST    
    CBOE VEST S&P 500 DIVIDEND ARISTOCRATS T AT COST    
    INVESCO QQQ AT COST 231,139 292,406
    ISHARES TR 20 YR TR BD ETF AT COST    
    ISHARES TR 1 3 YR TREAS BD AT COST    
    ISHARES TR JPMORGAN USD EMG AT COST    
    ISHARES TR INTL QLTY FACTOR AT COST    
    JPMORGAN BETABUILDERS JAPAN ETF AT COST    
    SPDR S&P 500 ETF AT COST 128,961 171,985
    SPDR REAL ESTATE SELECT SECTOR FUND AT COST    
    VANGUARD DIVIDEND APPRECIATION ETF AT COST    
    JPMORGAN HIGH YIELD MUNICIPAL FUND CLASS AT COST    
    PRINCIPAL SPECTRUM PREFERRED AND CPTL SE AT COST    
    GLOBAL X MLP & ENERGY INFRASTRUCTURE ETF AT COST    
    ISHARES NCORPORATED MSCI EURZONE ETF AT COST    
    ISHARES TR IBOXX INV CP ETF AT COST    
    ISHARES TR CORE S&P SCP ETF AT COST    
    ISHARES TR EAFE SML CP ETF AT COST    
    ISHARES TR INTL VALUE FACTR AT COST    
    SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND AT COST    
    AMERICAN FUNDS INTL VANTAGE F2 AT COST 347,245 464,606
    PIMCO PREFERRED AND CAPITAL SEC INSTL AT COST 55,558 63,399
    ETF SER SOLUTIONS CBOE VEST S&P AT COST 12,579 14,946
    FIRST TR EXCHANGE-TRADED FD AT COST 44,205 53,390
    GLOBAL X FDS GLB X MLP ENRG AT COST 20,695 22,369
    ISHARES CORE S&P SMALL CAP E AT COST 338,593 363,005
    ISHARES TRUST CORE MSCI EAFE ETF AT COST 210,440 232,695
    ISHARES INC CORE MSCI EMERGING MKTS ETF AT COST 316,070 355,799
    PROSHARES TR S&P MDCP 400 DIV AT COST 36,312 41,312
    SPDR SER TR DJ REIT ETF AT COST 16,208 16,040
    SELECT SECTOR SPDR TRUST AMEX FINANCIAL AT COST 53,197 62,792
    SELECT SECTOR SPDR TR COMMUNICATION AT COST 52,735 58,033
    VANGUARD SPECIALIZED FUNDS DIV APP ETF AT COST 81,030 114,065
    ISHARES IBOXX $ INVESTMENT GRADE COR BON AT COST 63,207 70,584
    ISHARES TR JP MOR EM MK ETF AT COST 43,848 47,755
    ISHARES IBONDS DEC 2022 TERM MUNI BOND AT COST 96,511 96,926
    SPDR SER TR BLOOMBERG BRCLYS AT COST 92,019 95,976
    VANECK VECTORS ETF TR FALLEN ANGEL HG AT COST 31,446 37,525
    VANGUARD CHARLOTTE TOTAL INTL BD INDEX AT COST 22,466 23,654
    SELECT SECTOR SPDR TR RL EST SEL SEC AT COST 11,173 13,198

    TY 2020 OtherProfessionalFeesSchedule
    Name:
    MARAK FAMILY FOUNDATION
     
    CO FOUNDATION SOURCE
    EIN:
    61-1669789
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 37,505 37,505 37,505 0


    TY 2020 TaxesSchedule
    Name:
    MARAK FAMILY FOUNDATION
     
    CO FOUNDATION SOURCE
    EIN:
    61-1669789
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX 5,259 5,259 5,259  
    FOREIGN TAXES 1,210 1,210 1,210