Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 03-01-2020 , and ending 02-28-2021
Name of foundation
CLARENCE H & ANNA E LUTZ FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 147
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHESTER, SC29706
A Employer identification number

57-0940342
B Telephone number (see instructions)

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$7,487,213J 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 448 448  
4 Dividends and interest from securities... 239,707 239,707  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -280,785
b Gross sales price for all assets on line 6a 425,382
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain......... 29,252
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........ -40,630 240,155 29,252
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,000     30,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 17,500     17,500
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 1,200     1,200
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,449 5,449   5,449
19 Depreciation (attach schedule) and depletion... Click to see attachment 252    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 152     152
22 Printing and publications.......... 112     112
23 Other expenses (attach schedule)....... Click to see attachment 3,414     3,414
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 58,079 5,449   57,827
25 Contributions, gifts, grants paid....... 291,760 291,760
26 Total expenses and disbursements. Add lines 24 and 25 349,839 5,449   349,587
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -390,469
b Net investment income (if negative, enter -0-) 234,706
c Adjusted net income (if negative, enter -0-)... 29,252
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............. 193,622 281,214 281,214
2 Savings and temporary cash investments.........      
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)....... 2,990,386 Click to see attachment3,110,467 5,387,015
c Investments—corporate bonds (attach schedule)....... 361,315 Click to see attachment361,315 394,348
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 963,256 Click to see attachment786,848 1,419,392
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) 5,244 5,244 Click to see attachment5,244
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,513,823 4,545,088 7,487,213
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 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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 4,513,823 4,545,088
29 Total net assets or fund balances (see instructions)..... 4,513,823 4,545,088
30 Total liabilities and net assets/fund balances (see instructions). 4,513,823 4,545,088
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
4,513,823
2
Enter amount from Part I, line 27a .....................
2
-390,469
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,123,354
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
4,123,354
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 1095SH JP MORGAN 6125 P 2016-07-29 2020-03-02
b 2148SH BLACKROCK CREDIT ALLOCATION P 2006-04-20 2020-11-16
c 360SH CHEMOURS CO COM P 2010-05-21 2020-11-18
d 769SH CORTEVA INC COM P 2019-06-03 2020-11-16
e 2000SH EATON VANCE ENHANCED EQUITY P 2005-05-03 2020-11-18
582SH HEXION HOLDINGS CORP P 2019-07-02 2020-11-18
5113SH NEUBERGER BERMAN REAL ESTATE P 2004-07-16 2020-11-18
3730SH NUVEEN PRD & INC SECURITIES P 2004-11-09 2020-11-18
4000SH NUVEEN PFD & INC OPPORTUNITI P 2004-11-16 2020-11-18
1500SH SERVICE PROPERTIES TR P 2007-05-04 2020-11-18
1000SH UNITI GROUP INC P 2006-01-20 2020-11-18
390SH VANGUARD INDEX FDS P 2020-03-11 2020-11-18
300SH THORNBURG MTG INC P 2004-09-17 2020-11-23
2000SH US BANCORP DEL P 2013-05-13 2021-01-15
(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 27,375   30,025 -2,650
b 30,505   57,805 -27,300
c 8,220   2,500 5,720
d 28,266   23,359 4,907
e 30,508   37,819 -7,311
6,593   50,000 -43,407
20,288   30,878 -10,590
34,074   59,495 -25,421
35,215   60,813 -25,598
15,946   71,532 -55,586
9,533   44,973 -35,440
128,859   99,607 29,252
    86,172 -86,172
50,000   51,189 -1,189
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b        
c        
d        
e        
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -280,785
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 29,252
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 3,262
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 3,262
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,262
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 8,800
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 8,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,538
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,538 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
     
     
    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)
    bulletSC
    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 addressbulletHTTPWWW.LUTZFOUNDATION.ORG
    14
    The books are in care ofbulletDEWEY GUYTON Telephone no.bullet (803) 329-4920

    Located atbulletP O BOX 147CHESTERSC ZIP+4bullet29706
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........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
    DEWEY GUYTON PRESIDENT AND BOARD CHAIR
    12.00     		5,000 0 0
    P O BOX 147
    CHESTER,SC29706
    JOAN L GUYTON EXECUTIVE VPTREASURER
    24.00     		5,000 0 0
    P O BOX 147
    CHESTER,SC29706
    MARY S JOLLEY DIRECTOR VPTECHNOLOGY
    10.00     		5,000 0 0
    P O BOX 147
    CHESTER,SC29706
    SUSAN STEPHENSON DIRECTOR VPPUBLIC RELATIONS
    10.00     		5,000 0 0
    P O BOX 147
    CHESTER,SC29706
    SHEILA B BISHOP DIRECTOR VPAUDIT COMPLIANCE
    20.00     		10,000 0 0
    P O BOX 147
    CHESTER,SC29706
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............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   0
    2  
    3  
    4   0
    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
    6,921,116
    b
    Average of monthly cash balances.......................
    1b
    215,780
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,136,896
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    7,136,896
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    107,053
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,029,843
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    351,492
    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
    351,492
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    3,262
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,262
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    348,230
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    348,230
    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
    348,230
    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
    349,587
    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
    349,587
    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
    349,587
    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 7 348,230
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 316,792
    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$ 349,587
    a Applied to 2019, but not more than line 2a 316,792
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 32,795
    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 ..........     		315,435
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JOAN GUYTON
    P O BOX 147
    CHESTER,SC29706
    (803) 581-3743
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ATTACHED GRANT GUIDELINES AND APPLICATIONS
    cAny submission deadlines:
    SEP 30TH 5 PM
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO
    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
    NORTH CHESTER FIRE DEPT
    2428 OLD YORK RD
    CHESTER,SC29706     		  PC 3000 GAL DUMP TRUCK 2,500
    CHESTER CO FELL CHRISTIAN ATHLETES
    8701 LEEDS RD
    KANSAS CITY,MO64118     		  PC CHESTER CO SCHOOL PROGRAM 15,000
    CLEMSON UNIV 4H
    230 KAPPA ST STE 200
    CLEMSON,SC29634     		  PC CHESTER 4H PROGRAM 5,000
    CHRIST CENTRAL
    144 GADSDEN ST
    CHESTER,SC29706     		  PC REPLACE MATTRESSES AND FURNITURE 10,000
    YMCA GREENVILLE SC
    721 CLEVELAND ST
    GREENVILLE,SC29601     		  PC REPL POOL BLDG DOORS SIMPSONVILLE SC 5,500
    GRASP
    802 DEARBORN ST
    GREAT FALLS,SC29055     		  PC HUNGER RELIEF PROGRAM 5,000
    CHILDRENS ATTENTION HOME
    PO BOX 2912
    ROCK HILL,SC29732     		  PC DINING HALL RENOVATIONS 25,000
    YORK PREPARATORY ACADEMY
    1047 GOLDEN GATE CT
    ROCK HILL,SC29732     		  PC 100 CHROMEBOOK COMPUTERS 25,000
    YORK COUNTY COUNCIL ON AGING
    917 STANDARD ST
    ROCK HILL,SC29730     		  PC MEALS FOR CHESTER CO SENIOR CITIZENS 10,000
    BATTERED BUT NOT BROKEN
    PO BOX 213
    CHESTER,SC29706     		  PC OFFICE BLDG AND HOUSE RENOVATIONS 10,000
    GREAT FALLS HIGH SCHOOL
    411 SUNSET AVE
    GREAT FALLS,SC29055     		  PC WEIGHT ROOM EQUIPMENT UPGRADE 20,000
    USC UNION
    401 E MAIN ST
    UNION,SC29379     		  PC FOOD FOR USC STUDENTS 5,000
    CHESTER CO ANIMAL SHELTER
    2714 DAWSON DR
    CHESTER,SC29706     		  PC SPAY NEUTER VACCINE PROGRAM 20,000
    RIDEABILITY TUITION
    937 STALLION SPIRIT TRL
    CLOVER,SC29710     		  PC TUITION ASSISTANCE PROGRAM 8,000
    RIDEABILITY HORSE CARE
    937 STALLION SPIRIT TRL
    CLOVER,SC29710     		  PC HORSE CARE OPERATIONS 10,000
    CURES
    119 SUNSET DR
    CHESTER,SC29706     		  PC CO REDEV AND STABILITY AND WEBSITE 7,500
    ROTB DIPLOMAT CENTER
    2261 J A COCHRANE BYPASS
    CHESTER,SC29706     		  PC BUILDING RENOVATIONS 15,000
    HOSPICE AND COMMUNITY CARE
    2275 INDIA HOOK RD
    ROCK HILL,SC29732     		  PC VIRTUAL COMMUNITY PROGRAM 28,000
    CHESTER STATE PARK
    759 STATE PARK DR
    CHESTER,SC29706     		  PC PARK IMPROVEMENT 20,000
    CHESTER FREEDOM MINISTRIES
    729 VILLAGE DR
    CHESTER,SC29706     		  PC RENT 260
    SALUDA ST CHURCH OF GOD
    PO BOX 333
    CHESTER,SC29706     		  PC ROOF REPAIR 10,000
    AMERICAN RED CROSS
    200 PIEDMONT BLVD
    ROCK HILL,SC29732     		  PC CHESTER CO DISASTER FUND 20,000
    CHESTER LIONS CLUB
    PO BOX 549
    CHESTER,SC29706     		  PC SIGHT PRESERVATION FOR UNDERPRIVILEDGED 15,000
    Total .................................bullet 3a 291,760
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		        448
    4 Dividends and interest from securities....         239,707
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..     240,155
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    240,155
    (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.)
    03 INTEREST USED TO FUND GRANTS TO PUBLIC CHARITIES
    04 DIVIDENDS USED TO FUND GRANTS TO PUBLIC CHARITIES
    08 GAINS USED TO FUND GRANTS TO PUBLIC CHARITIES
    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


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2020 DepreciationSchedule
    Name:
    CLARENCE H & ANNA E LUTZ FOUNDATION
    EIN:
    57-0940342
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER 2006-08-15 3,930 3,930 M 5 0 0 0  
    2 LAPTOPS 2018-10-09 1,314 683 M 5 252 0 0  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    CLARENCE H & ANNA E LUTZ FOUNDATION
    EIN:
    57-0940342
    Name of Bond End of Year Book Value End of Year Fair Market Value
    $65000 CBS INC 7.125% 65,000 75,989
    $30000 GOLDMAN SACHS 5.15% 30,000 35,652
    $30000 GOLDMAN SACHS 4.25% 30,000 32,718
    $25000 GOLDMAN SACHS 4.0% 25,000 26,473
    $30000 GENERAL ELECT CAP CORP 29,690 39,519
    $20000 FORD MTR 7.45% 19,805 25,925
    $20000 FORD MTR CREDIT 4.05% 20,000 19,487
    $30000 LEHMAN BROS HLDGS INC 30,000 246
    $25000 BELLSOUTH CORP GLOBAL 24,155 32,333
    $47000 WESTINGHOUSE 7.875% 47,000 54,344
    $40000 SBC COMMUNICATIONS INC 40,665 51,662

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    CLARENCE H & ANNA E LUTZ FOUNDATION
    EIN:
    57-0940342
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2500 AT&T INC COM 53,431 69,725
    769 CORTEVA INC 0 0
    1500 ABBOTT LABS 43,398 179,670
    769 DOW INC 23,359 45,609
    600 BANK OF AMERICA 29,310 20,826
    1500 ABBVIE INC 47,890 161,610
    3500 GENERAL ELECTRIC 96,288 43,890
    769 DUPONT DEMOURS INC 23,359 54,076
    582 HEXION HOLDINGS 0 0
    2022 TRUIST FINANCIAL CORP 71,953 115,173
    256 FRONTIER COMM CORP 36,931 115
    18 WABTEC 0 1,304
    1000 CSX CORP 21,444 91,550
    1500 SERVICE PROPERTIES TRUST 0 0
    1000 BRISTOL MYERS SQUIBB CO 26,450 61,330
    500 PHILLIPS 66 0 41,525
    3835 DUKE ENERGY 59,880 328,238
    943 CVS HEALTH CORP 69,977 64,247
    1500 FEDERAL RLTY INVEST TRUST 33,052 151,755
    1800 FEDERAL NATIONAL MORTGAGE 71,431 15,228
    1050 ARTHUR GALLAGHER 29,206 125,790
    272 BROADCOM INC 67,861 127,805
    1000 LUMEN TECH INC 25,011 12,290
    2105 AIRBUS SE 55,032 61,445
    1000 CONOCO PHILLIPS 17,266 52,010
    816 ROYAL DUTCH SHELL PLC 52,960 33,480
    998 RIO TINTO PLC 52,996 87,225
    333 LAMB WESTON HOLDINGS 7,264 26,563
    2880 GENERAL MOTORS 91,893 147,830
    2495 MOSAIC CO 65,419 73,353
    1130 BANK OF AMERICA CORP 6 30,018 28,600
    1095 JP MORGAN 6125 0 0
    400 PNC FINL SVCS GROUP INC 20,583 67,344
    3000 PFIZER 109,050 100,470
    1900 SAUL CENTERS 39,768 67,298
    3642 THE SOUTHERN CO 57,694 206,574
    2341 DOMINION ENERGY 95,947 159,937
    2000 US BANCORP 0 0
    1606 EXXON MOBIL CORP 69,946 87,318
    4594 REGIONS FINL CORP NEW COM 85,538 94,774
    300 THORNBURG MTGE 0 0
    5377 ENBRIDGE INC 168,391 181,796
    1000 UNITI GROUP 0 0
    12837 WASHINGTON REAL ESTATE 252,452 289,089
    3242 UDR INC COMM 51,970 133,473
    3500 VERIZON COMMUNICATIONS 110,704 193,550
    3000 XCEL ENERGY 46,730 175,770
    360 CHEMOURS CO 0 0
    2371 VODAPHONE GROUP 52,993 40,734
    1000 CENTERPOINT ENERGY 18,831 19,440
    1610 TC ENERGY CORP 70,017 67,793
    372 VIATRIS 0 5,524
    1415 AMERICAN ELECT POWER 59,899 105,913
    867 MERCK & CO 69,986 62,962
    2000 INTEL 53,509 121,560
    2000 SYSCO CORP 59,111 159,260
    1400 COCA COLA 31,891 68,586
    1000 CENTURYLINK INC 0 0
    2358 CONAGRA FOODS 74,695 80,007
    1500 MONDELEZ 33,046 79,740
    1500 KRAFT HEINZ 63,700 54,570
    3600 GENERAL MILLS 110,380 198,036
    500 PACKAGING CORP 12,852 66,010
    2500 WASTE MANAGEMENT 87,705 277,225

    TY 2020 InvestmentsOtherSchedule2
    Name:
    CLARENCE H & ANNA E LUTZ FOUNDATION
    EIN:
    57-0940342
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS   786,848 1,419,392

    TY 2020 LegalFeesSchedule
    Name:
    CLARENCE H & ANNA E LUTZ FOUNDATION
    EIN:
    57-0940342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROBERT H BREAKFIELD 17,500 0 0 17,500


    TY 2020 OtherAssetsSchedule
    Name:
    CLARENCE H & ANNA E LUTZ FOUNDATION
    EIN:
    57-0940342
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    COMPUTERS 3,930 3,930 3,930
    LAPTOP COMPUTERS 1,314 1,314 1,314


    TY 2020 OtherExpensesSchedule
    Name:
    CLARENCE H & ANNA E LUTZ FOUNDATION
    EIN:
    57-0940342
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 100 0 0 100
    BANK FEE 5 0 0 5
    PHONE AND INTERNET 1,115 0 0 1,115
    SUPPLIES 150 0 0 150
    DIRECTORS INSURANCE 750 0 0 750
    MEMBERSHIP DUES 765 0 0 765
    POSTAGE 529 0 0 529


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CLARENCE H & ANNA E LUTZ FOUNDATION
    EIN:
    57-0940342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROKERAGE COMMISSION 0 0 0 0
    INCOME TAX PREPARATION 1,200 0 0 1,200


    TY 2020 TaxesSchedule
    Name:
    CLARENCE H & ANNA E LUTZ FOUNDATION
    EIN:
    57-0940342
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX 5,449 5,449 0 5,449