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 02-01-2020 , and ending 01-31-2021
Name of foundation
THE TITMUS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 10
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SUTHERLAND, VA23885
A Employer identification number

54-6051332
B Telephone number (see instructions)

(804) 265-5834
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$23,572,285J 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 58,613 58,613  
4 Dividends and interest from securities... 715,777 715,777  
5a Gross rents............ 4,600 4,600  
b Net rental income or (loss) 4,600
6a Net gain or (loss) from sale of assets not on line 10 24,150
b Gross sales price for all assets on line 6a 404,760
7 Capital gain net income (from Part IV, line 2)... 24,150
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)....... Click to see attachment 1,630 1,630 0
12 Total. Add lines 1 through 11........ 804,770 804,770 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 175,300 73,400 0 101,900
14 Other employee salaries and wages...... 57,900 28,950 0 28,950
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,150 2,860 0 4,290
c Other professional fees (attach schedule).... Click to see attachment 203 81 0 122
17 Interest............... 2,174 2,174 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 32,764 15,116 0 9,759
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,154 2,154 0
20 Occupancy.............. 18,105 7,242 0 10,863
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 53,614 27,823 0 25,487
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 349,364 159,800 0 181,371
25 Contributions, gifts, grants paid....... 1,051,234 1,051,234
26 Total expenses and disbursements. Add lines 24 and 25 1,400,598 159,800 0 1,232,605
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -595,828
b Net investment income (if negative, enter -0-) 644,970
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 71,108 134,548 134,548
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) bullet761,540
Less: allowance for doubtful accounts bullet0 1,253,167 761,540 761,540
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)....... 6,457,400 Click to see attachment6,303,750 20,787,583
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet596,549
Less: accumulated depreciation (attach schedule) bullet   596,549 596,549 1,741,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet135,232
Less: accumulated depreciation (attach schedule) bullet77,302 63,596 Click to see attachment57,930 57,930
15 Other assets (describe bullet) Click to see attachment-36,099 Click to see attachment-44,594 Click to see attachment89,684
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,405,721 7,809,723 23,572,285
Liabilities 17 Accounts payable and accrued expenses.......... 695 525
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)......... 695 525
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 8,405,026 7,809,198
29 Total net assets or fund balances (see instructions)..... 8,405,026 7,809,198
30 Total liabilities and net assets/fund balances (see instructions). 8,405,721 7,809,723
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
8,405,026
2
Enter amount from Part I, line 27a .....................
2
-595,828
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,809,198
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,809,198
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 CAPITAL GAIN DIVIDENDS P 2020-12-31 2021-01-31
b 160 SH ADVANSIX P 2007-02-02 2020-11-24
c 700 SH DONNELLEY FIN P 2014-06-03 2020-11-24
d 10000 SH FORD MOTOR CO P 2012-01-23 2020-11-25
e 400 SH GARRETT MOTION INC P 2007-02-02 2020-11-24
12500 SH GENERAL ELECTRIC P 2007-02-02 2020-11-27
700 SH LSC COMM P 2014-06-03 2020-11-24
2000 SH NUTRIEN LIMITED P 2014-03-06 2020-11-24
666 SH RESIDEO TECH P 2007-02-02 2020-11-24
1613.04 SH VIATRIS INC P 2007-10-19 2020-11-24
112 SH WABTEC INC P 2019-02-26 2020-11-24
(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 24,816     24,816
b 2,830   644 2,186
c 10,789   8,786 2,003
d 90,546   129,155 -38,609
e 1,791   1,294 497
128,725   29,911 98,814
2   11,423 -11,421
98,397   167,347 -68,950
12,326   3,465 8,861
26,358   19,842 6,516
8,180   8,743 -563
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       24,816
b       2,186
c       2,003
d       -38,609
e       497
      98,814
      -11,421
      -68,950
      8,861
      6,516
      -563
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 24,150
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 8,965
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 8,965
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 8,965
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 7,600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,635
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet8,635 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletVA
    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 ofbulletEDWARD B TITMUS Telephone no.bullet (804) 265-5834

    Located atbulletPOST OFFICE BOX 10SUTHERLANDVA ZIP+4bullet23885
    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
    EDWARD B TITMUS PRESIDENT
    30.00     		80,550 0 0
    PO BOX 10
    SUTHERLAND,VA23885
    WILLIAM D ALLEN III VICE PRESIDENT/COUNSEL
    1.00     		550 0 0
    PO BOX 10
    SUTHERLAND,VA23885
    JAMES A BABER IV VICE PRESIDENT
    1.00     		550 0 0
    PO BOX 10
    SUTHERLAND,VA23885
    EDWARD H TITMUS III EXECUTIVE VICE-PRESIDENT
    30.00     		46,550 0 0
    PO BOX 10
    SUTHERLAND,VA23885
    KIMBERLY T PRZYBYL SECRETARY
    30.00     		46,550 0 0
    PO BOX 10
    SUTHERLAND,VA23885
    WILLIAM A YOUNG JR TREASURER
    1.00     		550 0 0
    PO BOX 10
    SUTHERLAND,VA23885
    ANDREW J WHITE VICE PRESIDENT
    1.00     		550 0 0
    PO BOX 10
    SUTHERLAND,VA23885
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    20,283,551
    b
    Average of monthly cash balances.......................
    1b
    111,575
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,721,101
    d
    Total (add lines 1a, b, and c).........................
    1d
    23,116,227
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    23,116,227
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    346,743
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    22,769,484
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,138,474
    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
    1,138,474
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    8,965
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,965
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,129,509
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,129,509
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,129,509
    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
    1,232,605
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    1,232,605
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,232,605
    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 1,129,509
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,221,511
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,232,605
    a Applied to 2019, but not more than line 2a 1,221,511
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 11,094
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		1,118,415
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    EDWARD B TITMUS THE TITMUS FOUNDATI
    PO BOX 10
    SUTHERLAND,VA23885
    (804) 265-5834
    bThe form in which applications should be submitted and information and materials they should include:
    A FORMAL APPLICATION IS NOT REQUIRED
    cAny submission deadlines:
    THERE ARE NO SUBMISSION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THERE ARE NO RESTRICTIONS OR LIMITATIONS
    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
    NUSTAR ENERGY LP
    P O BOX 781609
    SAN ANTONIO,TX78278     		NONE   CONTRIBUTION REPORTED ON 2020 FORM K-1 49
    PLAINS ALL AMERICAN PIPELINE LP
    333 CLAY STREET SUITE 1600
    HOUSTON,TX77002     		NONE   CONTRIBUTION REPORTED ON 2020 FORM K-1CONTRIBUTION REPORTED ON 2019 FORM K-1 8
    ABUNDANT LIFE MINISTRIES
    PO BOX 71
    CHARLOTTESVILLE,VA22902     		NONE   DONATION FOR THE ROYAL GIRLS PROGRAM 5,000
    ACCESS NOW INC
    2821 EMERYWOOD PKWY STE 200
    RICHMOND,VA23294     		NONE   DONATION FOR SPECIALTY MEDICAL CARE 5,000
    ALICE LLOYD COLLEGE
    100 PURPOSE ROAD
    PIPPA PASSES,KY418449988     		NONE   DONATION - GENERAL SCHOLARSHIPS 5,000
    ALL SOULS COUNSELING CENTER
    35 ARLINGTON STREET
    ASHEVILLE,NC28801     		NONE   DONATION TO HELP THOSE WITH NEEDED 5,000
    ALZHEIMER'S ASSOCIATION
    4600 COX ROAD STE 130
    GLEN ALLEN,VA23060     		NONE   IN MEMORY OF ROGER P. JONES, JR. 5,000
    AMERICAN FRONTIER CULTURE FOUNDATION
    PO BOX 629
    STAUNTON,VA244020629     		NONE   DONATION FOR THE TRAILBLAZERS PROGRAM 5,000
    AMERICAN KIDNEY FUND
    11921 ROCKVILLE PIKE SUITE 300
    ROCKVILLE,MD20852     		NONE   DONATION FOR PATIENT ASSISTANCE FUND IN 5,000
    ASK CHILD CANCER FOUNDATION
    5211 W BROAD STREET STE 102
    RICHMOND,VA23230     		NONE   DONATION FOR THE CHAPLAIN'S SALARY 50,000
    BAPTIST RETIREMENT HOMES OF NC
    PO BOX 11024
    WINSTONSALEM,NC271161024     		NONE   DONATION FOR HILL-TUNSTALL FUND 5,000
    BARTON COLLEGE
    PO BOX 5000
    WILSON,NC27893     		NONE   DONATION TO ADD TO THE TITMUS FOUNDATION 10,000
    BEECH BRANCH BAPTIST CHURCH
    2295 HIGHWAY 23
    N MILLEN,GA30442     		NONE   MEMORIAM 2,000
    BENEDICTINE SISTERS OF VIRGINIA
    9535 LINTON HALL ROAD
    BRISTOW,VA201361217     		NONE   DONATION FOR LINTON HALL SCHOOL - ASBESTOS ABATEMENT 5,000
    BEREA COLLEGE
    2182 BEREA
    BEREA,KY40404     		NONE   DONATION TUITION PROMISE SCHOLARSHIPS FOR 6,000
    BLAND MINISTRY CENTER
    PO BOX 211
    BLAND,VA24315     		NONE   DONATION FOR THE SCHOOL DENTAL PROGRAM 5,000
    BLUE RIDGE INSTITUTE AND MUSEUM
    PO BOX 1000
    FERRUM,VA240889989     		NONE   3RD PAYMENT TOWARD $100,000.00 PLEDGE 25,000
    BOY SCOUTS OF AMERICA
    PO BOX 6809
    RICHMOND,VA23230     		NONE   FINAL PAYMENT TOWARD $125,000.00 25,000
    BOYS TO MEN MENTORING NETWORK OF VA INC
    12311 STANCROFT ROAD
    ROCKVILLE,VA23146     		NONE   DONATION TO INCREASE NUMBER OF BOYS ATTENDING 5,000
    BRADLEY FREE CLINIC
    1240 THIRD STREET SW
    ROANOKE,VA24016     		NONE   3RD PMT. ON PLEDGE OF $100,000.00 20,000
    BRANCHES RUNN BAPTIST CHURCH
    3830 WOODLEY DRIVE
    AMELIA,VA23002     		NONE   IN MEMORY OF MARY FRANCES WOODLEY WILLIAMS 5,000
    CAMPBELL UNIVERSITY
    PO BOX 116
    BUIES CREEK,NC27506     		NONE   DONATION FOR THE EDNA QUEENER PROFFIT CHAIR 5,000
    CAPITAL CARING HEALTH
    3180 FAIRVIEW PARK DRIVE
    FALLS CHURCH,VA22042     		NONE   DONATION FOR HEALHCARE TO THOSE WITH 5,000
    CARES
    PO BOX 1167
    PETERSBURG,VA238041167     		NONE   MONTHLY DONATIONS 5,700
    CARSON COMMUNITY FOOD PANTRY
    12715 ACORN DRIVE
    NORTH DINWIDDIE,VA23805     		NONE   DONATION 3,000
    CATAWBA MEDICAL FOUNDATION
    810 FAIRGROVE CHURCH ROAD SE
    HICKORY,NC28602     		NONE   DONATION FOR THE NICU RESILIENCY PROJECT 92,034
    CENTRAL VA ALLIANCE FOR COM LIVING INC
    PO BOX 1390
    LYNCHBURG,VA24505     		NONE   DONATION-EMERGENCY SERVICES RESPONSE PROGRAM 5,000
    CHESAPEAKE BAY FOUNDATION
    1108 EAST MAIN STREET SUITE 1600
    RICHMOND,VA23219     		NONE   DONATION TO IMPROVE WATER QUALITY 5,000
    CHESTERFIELD FOOD BANK
    12211 IRON BRIDGE ROAD
    CHESTER,VA23831     		NONE   DONATION FOR PURCHASING FOOD FROM 5,000
    CHOWAN UNIVERSITY
    ONE UNIVERSITY PLACE
    MURFREESBORO,NC27855     		NONE   DONATION FOR THE SHAREE ATKINSON SCHOLARSHIP FUND 5,000
    CONEXUS
    11618 BUSY STREET
    RICHMOND,VA23236     		NONE   DONATION TOWARDS THE $300,000.00 CHALLENGE GRANT 10,000
    CRATER COMMUNITY HOSPICE INC
    3916 SOUTH CRATER ROAD
    PETERSBURG,VA23805     		NONE   DONATION TO SUPPORT THE IN-HOME RESPITE 5,000
    DANVILLE SPEECH AND HEARING CENTER
    742 WILSON STREET
    DANVILLE,VA24541     		NONE   DONATION FOR THE PORTABLE AUDIOMETRY EQUIPMENT 3,638
    DEPAUL COMMUNITY RESOURCES
    5650 HOLLINS ROAD
    ROANOKE,VA24019     		NONE   4TH PAYMENT TOWARD $100,000.00 PLEDGE 20,000
    DINWIDDIE CHRISTMAS SHARING FOUNDATION
    PO BOX 462
    DINWIDDIE,VA23841     		NONE   DONATION FOR CHRISTMAS 2020 2,500
    DINWIDDIE COUNTY FOOD BANK
    PO BOX 427
    DINWIDDIE,VA23841     		NONE   DONATION FOR PANDEMIC RELIEF 5,000
    DINWIDDIE HISTORICAL SOCIETY
    PO BOX 153
    DINWIDDIE,VA23841     		NONE   DONATION-GENERAL SUPPORT 1,000
    DOWN SYNDROME ASSOCIATION
    1504 SANTA ROSA ROAD STE 124
    RICHMOND,VA23229     		NONE   DONATION FOR EARLY LITERACY LEARNING PROGRAM 3,500
    DUKE CHILDREN'S HOSPITAL
    710 WEST MAIN STREET SUITE 200
    DURHAM,NC27701     		NONE   DONATION FOR FACULTY SUPPORT 30,000
    DUKE CHILDREN'S HOSPITAL
    710 WEST MAIN STREET SUITE 200
    DURHAM,NC27701     		NONE   DONATION FOR IMMUNOCOMPROMISED RESEARCH PRGM 30,000
    ELIJAH HOUSE ACADEMY
    6627-B JAHNKE ROAD
    RICHMOND,VA23225     		NONE   DONATION - SCHOLARSHIP FUNDS 5,000
    EMPTY ARMS OUTREACH MINITRIES INC
    4725 WOODSTREAM DRIVE
    PETERSBURG,VA23803     		NONE   DONATION FOR ASSISTANCE TOWARD PURCHASE OF VEHICLE 2,000
    ETTRICK UNITED METHODIST CHURCH
    21300 CHESTERFIELD AVENUE
    ETTRICK,VA23803     		NONE   DONATION - ROOF REPAIR 5,000
    FAITH MISSION HOME INC
    3540 MISSION HOME
    FREE UNION,VA22940     		NONE   MEMORIAM 5,000
    FIRST MCCOY BAPTIST CHURCH
    2295 HIGHWAY 23
    N MILLEN,GA30442     		NONE   MEMORIAM 2,000
    FLITE FOUNDATION
    32 W WASHINGTON STREET
    PETERSBURG,VA23803     		NONE   DONATION - PROGRAMMATIC SUPPORT 5,000
    FOOD BANK OF CENTRAL & EASTERN NC INC
    1924 CAPITAL BLVD
    RALEIGH,NC27604     		NONE   DONATION 10,000
    FORD VOLUNTEER FIRE DEPARTMENT
    PO BOX 186
    CHURCH ROAD,VA23833     		NONE   DONATION FOR THE 2020 FUND DRIVE 5,000
    FORKIDS
    PO BOX 6044
    NORFOLK,VA23508     		NONE   DONATION-EMERGENCY ASSISTANCE PROGRAM 5,000
    GREATER HICKORY COOP CHRISTIAN MINISTRY
    31 FIRST AVENUE SE
    HICKORY,NC28602     		NONE   DONATION TO SUPPORT THE MEDICAL MINISTRY 5,000
    HABITAT FOR HUMANITY OF CATAWBA VALLEY
    PO BOX 9475
    HICKORY,NC28603     		NONE   DONATION FOR THE HABITAT REPAIRS 5,000
    HEALING STRIDES OF VA
    PO BOX 456
    BOONES MILL,VA24065     		NONE   DONATION FOR SCHOLARSHIP FUNDS 2,500
    HEALTH BRIGADE
    1010 NORTH THOMPSON STREET
    RICHMOND,VA23230     		NONE   DONATION FOR INTEGRATED HEALTH CARE 5,000
    HEART OF VIRGINIA FREE CLINIC
    PO BOX 142
    FARMVILLE,VA23901     		NONE   DONATION TO HELP WITH SPECIFIC ITEMS THAT 5,000
    HERE FOR THE GIRLS INC
    1309 JAMESTOWN ROAD STE 204
    WILLIAMSBURG,VA23185     		NONE   DONATION-"CALENDAR TO LIVE BY" 1,500
    HOPE HOUSE
    801 BOUSH STREET SUITE 302
    NORFOLK,VA23509     		NONE   DONATION AS APPROVED @ THE ANNUAL MEETING HELD ON 8/6/2020 19,786
    HOPE HOUSE FOUNDATION
    801 BOUSH STREET SUITE 302
    NORFOLK,VA23510     		NONE   DONATION - P.P.E. 5,000
    INTERN FELLOWSHIP OF CHRISTIANS & JEWS
    PO BOX 97339
    WASHINGTON,DC20077     		NONE   DOANTION FOR MATCHING GIFT X 3 1,000
    JUNIOR ACHIEVEMENT OF CENTRAL VIRGINIA
    1801 LIBBIE AVENUE STE 203
    RICHMOND,VA23226     		NONE   DONATION - DINWIDDIE AND PRINCE GEORGE 5,000
    KING UNIVERSITY
    1350 KING COLLEGE ROAD
    BRISTOL,TN376202699     		NONE   DONATION - SCHOLARSHIPS 5,000
    KIRK OF KILDAIRE PRESBYTERIAN
    200 HIGH MEADOW
    CARY,NC27511     		NONE   DONATION FOR RICE DISTRIBUTION FROM RISE AGAINST 5,350
    LIBERTY CHURCH
    3381 PLANTERS ROAD
    LAWRENCVILLE,VA23868     		NONE   DONATION FOR MISSIONS 5,000
    LITTLE SISTERS OF THE POOR
    1503 MICHAEL ROAD RICHMOND
    RICHMOND,VA23229     		NONE   DONATION 5,000
    LUTHERAN FAMILY SERVICES OF VIRGINIA
    2609 MCVITTY ROAD
    ROANOKE,VA24018     		NONE   DONATION FOR THE RETROFIT LFSVA DURING THE 5,000
    MARMORA BAPTIST CHURCH
    2901 EXETER MILL ROAD
    CHURCH ROAD,VA23833     		NONE   DONATION 5,000
    MERCY MEDICAL ANGELS
    4620 HAYGOOD ROAD STE 1
    VIRGINIA BEACH,VA23455     		NONE   DONATION FOR THE ANGEL WINGS FOR VETERANS PROGRAM 5,000
    MIRIAM'S HOUSE
    PO BOX 3196
    LYNCHBURG,VA24503     		NONE   DONATION FOR REPAIR & REPLACEMENT OF 2,500
    MOUNT CALVARY BAPTIST CHURCH
    11229 KENDALL ROAD
    ORANGE,VA22960     		NONE   DONATION FOR BUILDING PRESERVATION 5,000
    NAMOZINE VOLUNTEER FIRE & EMS
    3913 PLEHAM AVENUE
    PETERSBURG,VA23803     		NONE   ANNUAL DONATION 5,000
    NATIONAL CHILD SAFETY COUNCIL
    DINWIDDIE CO SHERIFFS OFFICE PO BOX
    120
    DINWIDDIE,VA23841     		NONE   DONATION FOR CHILD SAFETY AND DRUG 1,500
    NC AGRICULTURAL FOUNDATION INC
    NCSU BOX 7645 NCSU
    RALEIGH,NC276900739     		NONE   7TH PAYMENT ON THE $500,000.00 PLEDGE 50,000
    NC SCHOOL FOR THE DEAF
    PO BOX 1397
    MORGANTOWN,NC28680     		NONE   DONATION TO CREATE THE ADA COMPLIANT WEBSITE 3,320
    NC STATE ALUMNI ASSOCIATION
    20 WATAUGA CLUB DRIVE CAMPUS BOX
    7283
    RALEIGH,NC276957283     		NONE   DONATION FOR THE EDWARD B. TITMUS ENDOWMENT/ 5,000
    NORTHERN VIRGINIA FAMILY SERVICE
    10455 WHITE GRANITE DRIVE
    OAKTON,VA22124     		NONE   DONATION FOR UNEXPECTED CRISES & NEEDS 5,000
    OCRAN UNITED METHODIST CHURCH
    PO BOX 309
    SUTHERLAND,VA23885     		NONE   DONATION FOR "IT'S NOT YOUR BIRTHDAY" 5,000
    ORANGE COUNTY FREE CLINIC
    PO BOX 441
    ORANGE,VA22960     		NONE   DONATION TO HELP SUPPORT SERVICES TO CHRONICALLY 7,500
    PETER PAUL DEVELOPMENT CENTER
    1708 NORTH 22ND STREET
    RICHMOND,VA23223     		NONE   DONATION TO ENHANCE ACADEMIC 5,000
    PRESERVATION NC
    PO BOX 27644
    RALEIGH,NC276117644     		NONE   DONATION FOR CHIMNEY REPAIR 5,000
    RICHMOND FISHER HOUSE FOUNDATION
    300 ARBORETUM PLACE STE 660
    MIDLOTHIAN,VA23236     		NONE   DONATION IN SUPPORT FOR CONSTRUCTION OF THE 25,000
    RISE AGAINST HUNGER - RALEIGH
    3200 WELLINGTON CT STE 112
    RALEIGH,NC27615     		NONE   DONATION FOR RICE DISTRIBUTION DURING COVID-19 1,500
    RISE AGAINST HUNGER - RALEIGH
    3200 WELLINGTON CT STE 112
    RALEIGH,NC27615     		NONE   MATCHING FUNDS-MEAL PACKING EVENTS 2020 1,015
    RIVERSIDE SCHOOL
    2110 MCRAE ROAD
    NORTH CHESTERFIELD,VA23235     		NONE   DONATION FOR THE LANGUAGE FUNDAMENTALS 5,000
    ROLESVILLE CHARTER ACADEMY
    908 EAGLE SCHOLARS DRIVE
    ROLESVILLE,NC27571     		NONE   DONATION FOR ROLESVILLE RISE AGAINST EVENT 2,820
    SAFE ALLIANCE
    601 EAST 5TH STREET
    CHARLOTTE,NC28202     		NONE   DONATION TO WORK WITH AT-RICK YOUTH AND CHILDREN 5,000
    SAINT FRANCIS HOME
    65 W CLOPTON ST
    RICHMOND,VA23225     		NONE   DONATION FOR THE GAP FUND PROGRAM 5,000
    SECOND BAPTIST CHURCH
    3355 JOHNSON ROAD
    PETERSBURG,VA23805     		NONE   DONATION FOR AIR CONDITIONER REPLACEMENT 5,000
    SECOND BAPTIST CHURCH
    3355 JOHNSON ROAD
    PETERSBURG,VA23805     		NONE   DONATION FOR AIR CONDITIONER REPLACEMENT 10,000
    SECOND MCCOY BAPTIST CHURCH
    2295 HIGHWAY 23
    N MILLEN,GA30442     		NONE   DONATION IN MEMORY OF MARK BURKE 2,000
    SOCIETY OF ST ANDREW
    3383 SWEET HOLLOW ROAD
    BIG ISLAND,VA245263054     		NONE   DONATION FOR THE GLEANING PROGRAMS 5,000
    SOUTHBRIDGE FELLOWSHIP
    12621 STRICKLAND ROAD
    RALEIGH,NC27613     		NONE   DONATION FOR RICE DISTRIBUTION DURING 650
    SOUTHSIDE VIRGINIA EMERGENCY CREW INC
    PO BOX 574
    PETERSBURG,VA238040574     		NONE   DONATION FOR THE ANNUAL CAMPAIGN 15,000
    ST ANDREW'S SCHOOL
    DEVELOPMENT OFFICE SOUTH CHERRY
    STREET
    RICHMOND,VA23220     		NONE   DONATION FOR BANDWIDTH--BOTH TECHNOLOGICALLY 5,000
    ST JOSEPH'S VILLA
    8000 BROOK ROAD
    RICHMOND,VA23227     		NONE   3RD PMT. TOWARD $100,000.00 PLEDGE 20,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN381059959     		NONE   3RD PMT. TOWARDS $100,000.00 PLEDGE 20,000
    STILLMAN COLLEGE
    3601 STILLMAN BOULEVARD
    TUSCALOOSA,AL35401     		NONE   THE SARAH STRIGGLES DAVIS SCHOLARSHIPS FUND 1,000
    SWIM RVA
    5050 RIDGEDALE PARKWAY
    RICHMOND,VA23234     		NONE   DONATION FOR THE GOLDEN OPPORTUNITY CAMPAIGN 25,000
    TAD'S KIDS
    PO BOX 18536
    RICHMOND,VA23226     		NONE   DONATION-PER JAMES BABER 550
    THE ARC OF CENTRAL VIRGINIA
    1508 BEDFORD AVENUE
    LYNCHBURG,VA24504     		NONE   DONATION FOR SCHOLARSHIPS TO THOSE WITH 5,000
    THE BRIDGE MINISTRY
    3054 DIXIE HILL ROAD
    BUCKINGHAM,VA23921     		NONE   DONATION FOR OPERATING EXPENSES 15,000
    THE CATHOLIC UNIVERSITY OF AMERICA
    OFFICE OF UNIVERSITY DEVELOPMENT
    620 MICHIGAN AVENUE
    WASHINGTON,DC20064     		NONE   DONATION-EDWARD & JESSIE PRZYBYL SCHOLARSHIP 5,000
    THE CHILDREN'S HOME OF VIRGINIA BAPTISTS
    6900 HICKORY ROAD
    PETERSBURG,VA23803     		NONE   IN HONOR OF DRS. GRACIE AND ANDREW WHITE 5,000
    THE JAMES HOUSE
    6610 COMMONS DRIVE SUITE C
    PRINCE GEORGE,VA23875     		NONE   DONATION 5,000
    THE JOURNEY HOME
    PO BOX 482 75 ALBEMARLE AVENUE
    MINERAL,VA23117     		NONE   DONATION TOWARDS MATCHING GRANT TO BE 8,500
    THE SALVATION ARMY
    PO BOX 12517
    RICHMOND,VA232410517     		NONE   DONATION FOR FOOD DRIVE IN CENTRAL 5,000
    THE VIRGINIA HOME
    1101 HAMPTON STREET
    RICHMOND,VA23220     		NONE   DONATION FOR COVID-19 RELIEF 5,000
    TRIANGLE FAMILY SERVICES
    3937 WESTERN BLVD
    RALEIGH,NC27606     		NONE   DONATION FOR THE SUPERVISED VISITATION & 5,000
    TRIANGLE VOLUNTEER FIRE DEPARTMENT
    1051 MORTONS FERRY ROAD
    NATHALIE,VA24577     		NONE   DONATION FOR SUPPORT WHERE NEEDED 5,000
    TRI-AREA MINISTRY FOOD PANTRY
    149 E HOLDING AVENUE
    WAKE FOREST,NC27587     		NONE   DONATION FOR COST OF UPGRADING REFIGERATION AND FREEZER 50,000
    UNIVERSITY OF THE CUMBERLANDS
    6191 COLLEGE STATION DRIVE
    WILLIAMSBURG,KY40769     		NONE   DONATION FOR WORKSHIP PROGRAM 5,000
    VA FOUND FOR AGRI IN THE CLASSROOM
    PO BOX 27552
    RICHMOND,VA23261     		NONE   DONATION FOR THE TEACHER TRAINING PROGRAM 5,000
    VCU-MASSEY CANCER CENTER
    PO BOX 843042
    RICHMOND,VA232860441     		NONE   DONATION FOR THE E HUTSON TITMUS MEMORIAL FUND 30,000
    VILLAGE CHURCH ROLESVILLE
    410 SOUTHTOWN CIRCLE
    ROLESVILLE,NC27571     		NONE   ROLESVILLE RICE AGAINST HUNGER EVENT 2,995
    VIRGINIA BAPTIST HOMES FOUNDATION
    3961 STILLMAN PARKWAY
    GLEN ALLEN,VA23060     		NONE   DONATION-LIFESPIRE'S BENEVOLENT MINISTRY 5,000
    VIRGINIA COOPERATIVE EXTENSION
    DINWIDDIE COUNTY OFFICE PO BOX 399
    13915-A BOYDTON PLANK RD
    DINWIDDIE,VA23841     		NONE   FINAL PAYMENT ON $100,000.00 PLEDGE 31,901
    VIRGINIA HUNTERS WHO CARE
    PO BOX 304
    BIG ISLAND,VA24526     		NONE   DONATION-FEEDING THE HUNGRY 5,000
    VIRGINIA UNION UNIVERSITY
    OFFICE OF INSTITUTIONAL ADVANCEMENT
    1500 LOMBARDY STREET
    RICHMOND,VA23220     		NONE   DONATION FOR THE GRACIE JETER AND 5,000
    VIRGINIA WAR MEMORIAL INC
    621 SOUTH BELVIDERE STREET
    RICHMOND,VA23220     		NONE   DONATION-EDUCATIONAL INITIATIVES 2,500
    WAKE FOREST KIWANIS FOUNDATION
    PO BOX 927
    WAKE FOREST,NC27588     		NONE   DONATION FOR RISE AGAINST HUNGER MEAL PACKING 2,318
    WAKE FOREST ROTARY FOUNDATION INC
    PO BOX 1126
    WAKE FOREST,NC27587     		NONE   DONATION FOR MATCHING FUNDS FOR RISE AGAINST 500
    WATTS
    336 LINDEN DRIVE
    WINCHESTER,VA22601     		NONE   DONATION FOR TEMPORARY THERMAL SHELTER NEED 2,100
    WESLEY HOUSING
    5515 CHEROKEE AVE STE 200
    ALEXANDRIA,VA22312     		NONE   DONATION FOR COVID-19 EMERGENCY RELIEF 5,000
    WESTMINSTER CANTERBURY FOUNDATION
    1600 WESTBROOK AVENUE
    RICHMOND,VA232863496     		NONE   DONATION FOR THE MARY MORTON 5,000
    WILLIAMSBURG AREA MEALS ON WHEELS INC
    PO BOX 709
    WILLIAMSBURG,VA23187     		NONE   DONATION 2,500
    Total .................................bullet 3a 1,051,234
    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 ...........     		    14 58,613  
    4 Dividends and interest from securities....     14 715,777  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 4,600  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 1,630  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 24,150  
    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).. 0 804,770 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    804,770
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE TITMUS FOUNDATION
    EIN:
    54-6051332
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,150 2,860 0 4,290

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 AmortizationSchedule
    Name:
    THE TITMUS FOUNDATION
    EIN:
    54-6051332
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    REFORESTATION 2019-08-01 24,581 1,756 84.000000000000 3,512 0 3,512 5,268

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    THE TITMUS FOUNDATION
    EIN:
    54-6051332
    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
    TYPEWRITER IBM 1981-01-31 1,076 1,076 SL 5.000000000000 0 0 0  
    FILE CABINET 1987-07-29 138 138 SL 10.000000000000 0 0 0  
    DRAPERIES 1993-07-27 856 856 SL 10.000000000000 0 0 0  
    CABINETS FOR OFFICE 1993-08-10 1,466 1,466 SL 10.000000000000 0 0 0  
    CARPET & BLINDS 1993-08-13 1,895 1,895 SL 10.000000000000 0 0 0  
    LATERAL FILE 4 DR 1993-09-02 939 939 SL 10.000000000000 0 0 0  
    COAT RACK 1993-09-02 195 195 SL 10.000000000000 0 0 0  
    SIDE CHAIRS 6 1993-09-02 3,390 3,390 SL 10.000000000000 0 0 0  
    ELECTRIC RANGE 1994-02-22 652 652 SL 10.000000000000 0 0 0  
    REFRIGERATOR 1994-02-22 1,282 1,282 SL 10.000000000000 0 0 0  
    AMERICAN CHEST 1996-12-02 8,047 8,047 SL 10.000000000000 0 0 0  
    WALNUT DESK 1996-12-02 4,598 4,598 SL 10.000000000000 0 0 0  
    CHIPPENDALE CHAIR 1996-12-02 690 690 SL 10.000000000000 0 0 0  
    WALNUT CANDLE STAND 1996-12-02 460 460 SL 10.000000000000 0 0 0  
    OFFICE FURNITURE 1997-03-18 1,563 1,563 SL 10.000000000000 0 0 0  
    OFFICE CABINETS 2001-04-27 3,625 3,538 SL 10.000000000000 0 0 0  
    DELL DIMENSION 8300 COMPUTER 2003-09-30 1,950 1,950 SL 10.000000000000 0 0 0  
    FARM HOUSE RENOVATION 1993-09-02 11,172 7,548 SL 39.000000000000 286 0 286  
    LANDSCAPING 1995-01-31 11,696 11,696 SL 20.000000000000 0 0 0  
    WHIPPERNOCK NEW ROOF 2000-08-08 10,368 5,176 SL 39.000000000000 266 0 266  
    AIR CONDITIONING UNIT CK30 2001-05-09 1,350 654 SL 39.000000000000 35 0 35  
    OFFICE FURNITURE 2005-04-01 2,624 2,624 SL 7.000000000000 0 0 0  
    HEAT PUMP WHIPPERNOCK FARM 2010-12-31 4,575 1,063 SL 39.000000000000 117 0 117  
    COMPUTER 2010-08-18 1,473 1,473 SL 5.000000000000 0 0 0  
    BASEMENT RENOVATIONS 2011-04-21 7,468 1,672 SL 39.000000000000 191 0 191  
    VACCUM CLEANER 2011-02-22 735 735 SL 5.000000000000 0 0 0  
    IMPROVEMENTS - WHIPPERNOCK FARM (FLOORING) 2013-05-06 3,464 601 SL 39.000000000000 89 0 89  
    VINYL SIDING - FOUNDATION OFFICE 2014-07-31 15,066 2,123 SL 39.000000000000 386 0 386  
    COMPUTER (HP 23" INTEL CORE) 2015-07-21 1,106 995 SL 5.000000000000 111 0 111  
    GENERATOR 2018-11-20 6,732 785 SL 10.000000000000 673 0 673  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE TITMUS FOUNDATION
    EIN:
    54-6051332
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 133,264 926,925
    ABBVIE INC 144,514 768,600
    AMPLIFY CWP ENHANCED DIVIDEND I 49,883 49,786
    AT & T - BELLSOUTH 174,205 429,450
    ATLANTIC UNION BANKSHARES CORP 125,006 136,350
    BP PLC 258,079 139,986
    BRISTOL MYERS SQUIBB 91,004 430,010
    CHEVRON CORP 525,594 681,600
    COLGATE-PALMOLIVE CO 40,252 624,000
    CONOCOPHILLIPS 246,242 600,450
    CORTEVA INC 104,667 218,034
    DNP SELECT INCOME FUND INC. 54,672 61,980
    DOMINION ENERGY 196,562 1,457,800
    DOW INC 204,380 283,893
    DUKE ENERGY CORPORATION 241,516 940,000
    DU PONT E.I. DE NEMOUR & COMPANY 299,956 434,592
    ENBRIDGE INC. 124,948 165,430
    EXXON MOBIL CORPORATION 546,693 1,121,000
    FIRST TRUST S&P INTERNATIONAL D 49,206 49,140
    GENERAL ELECTRIC 20,339 90,780
    GENERAL MLS INC. 54,149 69,720
    HALLIBURTON COMPANY 41,805 55,975
    HERSHEY FOOD CORP 92,671 727,200
    HONEYWELL, INTL 115,386 781,480
    JPMORGAN CHASE & CO 95,208 128,670
    KELLOGG COMPANY 143,692 294,700
    KIMBERLY CLARK CORPORATION 51,161 66,050
    MERCK & COMPANY 148,510 770,700
    NISOURCE, INC. 24,557 177,200
    PEOPLES UTD FINL INC 49,455 44,054
    PEPSICO, INC. 43,902 3,414,250
    PFIZER, INC. 359,766 466,700
    PHILLIPS 66 73,179 508,500
    PLUM CREEK TIMBER COMPANY INC/WEYERHAEUSER 200,605 249,520
    PROCTER & GAMBLE COMPANY 164,771 384,630
    SCHLUMBERGER LIMITED 42,022 133,260
    TORTOISE ENERGY INFRASTRUCTURE 24,643 21,440
    TORTOISE MLP FUND INC 63,479 9,044
    TOUCHSTONE BANK 36,617 64,025
    UNITED DOMINION REALTY TRUST 278,070 1,538,000
    VERIZON COMMUNICATIONS 228,259 711,750
    WALGREENS BOOTS ALLIANCE, INC. 127,423 201,000
    WALMART INCORPORATED 84,186 140,490
    WASHINGTON R EST IN TRU SH BEN 129,252 219,400
    WELLS FARGO & CO 0 19

    TY 2020 LandEtcSchedule2
    Name:
    THE TITMUS FOUNDATION
    EIN:
    54-6051332
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    TYPEWRITER IBM 1,076 1,076 0  
    FILE CABINET 138 138 0  
    DRAPERIES 856 856 0  
    CABINETS FOR OFFICE 1,466 1,466 0  
    CARPET & BLINDS 1,895 1,895 0  
    LATERAL FILE 4 DR 939 939 0  
    COAT RACK 195 195 0  
    SIDE CHAIRS 6 3,390 3,390 0  
    ELECTRIC RANGE 652 652 0  
    REFRIGERATOR 1,282 1,282 0  
    AMERICAN CHEST 8,047 8,047 0  
    WALNUT DESK 4,598 4,598 0  
    CHIPPENDALE CHAIR 690 690 0  
    WALNUT CANDLE STAND 460 460 0  
    OFFICE FURNITURE 1,563 1,563 0  
    OFFICE CABINETS 3,625 3,538 87  
    DELL DIMENSION 8300 COMPUTER 1,950 1,950 0  
    FARM HOUSE RENOVATION 11,172 7,834 3,338  
    LANDSCAPING 11,696 11,696 0  
    WHIPPERNOCK NEW ROOF 10,368 5,442 4,926  
    AIR CONDITIONING UNIT CK30 1,350 689 661  
    OFFICE FURNITURE 2,624 2,624 0  
    HEAT PUMP WHIPPERNOCK FARM 4,575 1,180 3,395  
    COMPUTER 1,473 1,473 0  
    BASEMENT RENOVATIONS 7,468 1,863 5,605  
    VACCUM CLEANER 735 735 0  
    IMPROVEMENTS - WHIPPERNOCK FARM (FLOORING) 3,464 690 2,774  
    VINYL SIDING - FOUNDATION OFFICE 15,066 2,509 12,557  
    COMPUTER (HP 23" INTEL CORE) 1,106 1,106 0  
    GENERATOR 6,732 1,458 5,274  
    REFORESTATION 24,581 5,268 19,313  


    TY 2020 OtherAssetsSchedule
    Name:
    THE TITMUS FOUNDATION
    EIN:
    54-6051332
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    NUSTAR ENERGY LP - VALERO LP -10,636 -17,763 38,125
    PLAINS ALL AMERICAN PIPELINE LP -25,463 -26,831 51,559


    TY 2020 OtherExpensesSchedule
    Name:
    THE TITMUS FOUNDATION
    EIN:
    54-6051332
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HEALTH INSURANCE 46,808 21,321 0 25,487
    NON DEDUCTIBLE EXPENSES 304 0 0 0
    REFORESTATION EXPENSE 2,990 2,990 0 0
    AMORTIZATION 3,512 3,512   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE TITMUS FOUNDATION
    EIN:
    54-6051332
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 1,630 1,630  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE TITMUS FOUNDATION
    EIN:
    54-6051332
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER FEES 203 81 0 122


    TY 2020 TaxesSchedule
    Name:
    THE TITMUS FOUNDATION
    EIN:
    54-6051332
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 17,588 7,829 0 9,759
    REAL ESTATE TAXES 4,473 4,473 0 0
    OTHER TAXES 2,814 2,814 0 0
    FEDERAL INCOME TAXES 7,889 0 0 0