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 08-01-2020 , and ending 07-31-2021
Name of foundation
Elsie & William Viles Foundation
c/o Mark L Johnston Treasurer
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 319
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Augusta, ME043320319
A Employer identification number

22-3089641
B Telephone number (see instructions)

(207) 622-1124
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$20,628,685J 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) 153,600
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 281,551 281,551  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 975,103
b Gross sales price for all assets on line 6a 4,063,509
7 Capital gain net income (from Part IV, line 2)... 975,103
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 1,602 0  
12 Total. Add lines 1 through 11........ 1,411,856 1,256,654  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 36,000 1,800   34,200
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,342 0   1,342
b Accounting fees (attach schedule)....... Click to see attachment 8,600 2,475   6,125
c Other professional fees (attach schedule).... Click to see attachment 76,187 76,187   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,513 897   2,616
19 Depreciation (attach schedule) and depletion... Click to see attachment 54,667 0  
20 Occupancy.............. 97,983 0   97,983
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,004 0   7,004
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 285,296 81,359   149,270
25 Contributions, gifts, grants paid....... 685,900 685,900
26 Total expenses and disbursements. Add lines 24 and 25 971,196 81,359   835,170
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 440,660
b Net investment income (if negative, enter -0-) 1,175,295
c Adjusted net income (if negative, enter -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............. 414 963 963
2 Savings and temporary cash investments......... 1,084,689 663,312 663,312
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)....... 7,728,317 Click to see attachment8,517,854 8,517,854
c Investments—corporate bonds (attach schedule)....... 2,985,517 Click to see attachment4,170,278 4,170,278
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,176,752 Click to see attachment5,686,603 5,686,603
14 Land, buildings, and equipment: basis bullet1,920,858
Less: accumulated depreciation (attach schedule) bullet331,183 1,613,980 Click to see attachment1,589,675 1,589,675
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,589,669 20,628,685 20,628,685
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........ 669,802 669,802
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 16,919,867 19,958,883
29 Total net assets or fund balances (see instructions)..... 17,589,669 20,628,685
30 Total liabilities and net assets/fund balances (see instructions). 17,589,669 20,628,685
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
17,589,669
2
Enter amount from Part I, line 27a .....................
2
440,660
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,598,356
4
Add lines 1, 2, and 3 ..........................
4
20,628,685
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
20,628,685
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 Pulblicly Traded Securities P    
b Capital Gains Dividends P    
c
d
e
(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 4,025,804   3,088,406 937,398
b 37,705     37,705
c
d
e
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       937,398
b       37,705
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 2 975,103
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 16,337
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 16,337
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 16,337
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 10,856
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,856
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 5,481
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)
    bulletME
    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 addressbulletwww.elsieandwilliamvilesfoundation.org
    14
    The books are in care ofbulletMark L Johnston Telephone no.bullet (207) 622-1124

    Located atbulletPO Box 319AugustaME ZIP+4bullet043320319
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Paul R Abbey Director
    0.25     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Maribeth Canning Director
    0.25     		0 0 0
    PO Box 319
    Augusta,ME043320319
    William N Lund Director
    0.25     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Bernard P Slofer Director
    0.25     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Warren E Winslow Jr Director
    0.25     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Patricia A West Exec. Director/Director
    30.00     		36,000 0 0
    PO Box 319
    Augusta,ME043320319
    Daniel E Wathen President/Director
    1.00     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Marianna P Liddell Secretary/Legal Counsel
    1.00     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Mark L Johnston Treasurer/Director
    1.00     		0 0 0
    PO Box 319
    Augusta,ME043320319
    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 The Elsie & William Viles Foundation owns and maintains property located on Stone Street in Augusta, Maine that is available for use by not for profit organizations at no 149,270
    2 charge. Organizations whose mission includes conservation, education, animal protection/welfare, and/or promote and preserve Maine history and culture are given priority in 0
    3 scheduling the space. Activities and programs include seminars, meetings, retreats, workshops, symposia, and fundraising events. 0
    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
    17,258,557
    b
    Average of monthly cash balances.......................
    1b
    531,471
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,790,028
    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
    17,790,028
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    757,481
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,032,547
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    851,627
    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
    851,627
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    16,337
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,337
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    835,290
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    835,290
    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
    835,290
    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
    835,170
    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
    30,362
    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
    865,532
    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
    865,532
    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 7 835,290
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    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...... 8,766
    fTotal of lines 3a through e........ 8,766
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 865,532
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		Click to see attachment153,250
    d Applied to 2020 distributable amount..... 712,282
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 8,766 8,766
    (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 5 153,250
    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 ..........     		114,242
    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) .......     		153,250
    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:
    Patricia A West
    Elsie and William Viles Foundation
    PO Box 319
    Augusta,ME043320319
    (207) 622-1124
    info@elsieandwilliamvilesfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    The application form, submission materials, and other application information can be found at www.elsieandwilliamvilesfoundation.org.
    cAny submission deadlines:
    See 2(b) above
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    See 2(b) above
    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
    Augusta Food Bank
    161 Mt Vernon Ave
    Augusta,ME04330     		N/A PC Purchase Food 15,000
    Boys and Girls Clubs of Kennebec Valley
    14 Pray Street
    Gardiner,ME04345     		N/A PC Capital Campaign for New Facility 25,000
    Children's Center Earely Intervention and Family Support
    1 Alden Avenue
    Augusta,ME04330     		N/A PC Expansion 25,000
    City of Augusta
    16 Cony Street
    Augusta,ME04330     		N/A GOV Payment in lieu of taxes 18,300
    Coastal Maine Botanical Gardens Inc
    PO Box 234
    Boothbay,ME045370234     		N/A PC General operating support 5,000
    Cony High School
    60 Pierce Drive
    Augusta,ME04330     		N/A GOV Scholarship support 70,000
    Daughters of the American Revolution
    57 Cottle Road
    Manchester,ME04351     		N/A PC Plaques 1,200
    Foundation for Maine's Community Colleges
    54 Lighthouse Circle
    South Portland,ME04106     		N/A PC Scholarship at Kennebec Valley CC 21,000
    Friends of Baxter State Park
    PO Box 322
    Belfast,ME04915     		N/A PC General operating support 5,000
    Humane Society of Waterville
    100 Webb Road
    Waterville,ME04901     		N/A PC Angel Foster program 5,000
    Kennebec Historical Society
    PO Box 5582
    Augusta,ME04330     		N/A PC General operating support 8,000
    Kennebec Valley Humane Society
    10 Pet Haven Lane
    Augusta,ME04330     		N/A PC General operating support 126,400
    Kennebec Youth Symphony
    PO Box 604
    Augusta,ME04330     		N/A PC General Operating Support 3,000
    Lifeflight Foundation
    PO Box 899 13 Main Street 2nd Floor
    Camden,ME04843     		N/A PC New helicopter 5,000
    Maine State Museum
    State House Station 83
    Augusta,ME043330083     		N/A GOV General operating support 63,200
    MaineGeneral Health
    6 East Chestnut Street
    Augusta,ME04330     		N/A PC General operating support 126,400
    Mid-Coast Health Net
    22 White St Ste 201
    Rockland,ME04841     		N/A PC Supplies for Dental Care 2,000
    Nature Conservancy Maine
    14 Maine Street
    Brunswick,ME04011     		N/A PC General Operating Support 5,000
    Peace Ridge Sanctuary
    1111 Littlefield Road
    Brooks,ME04901     		N/A PC New Building 5,000
    Pineland Suzuki School
    PO Box 604
    Manchester,ME04351     		N/A PC Scholarship for Music Lessons 3,000
    South Parish Congregational Church
    9 Church Street
    Augusta,ME04330     		N/A PC General operating support 63,200
    Victoria Mansion
    109 Danforth Street
    Portland,ME041014504     		N/A PC Restoration Work 10,000
    Viles Arboretum
    PO Box 344 153 Hospital Street
    Augusta,ME04332     		N/A PC General operating support 63,200
    Winthrop Historical Society
    PO Box 33
    Winthrop,ME04364     		N/A PC Building Repairs 12,000
    Total .................................bullet 3a 685,900
    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 ...........     		         
    4 Dividends and interest from securities....     14 281,551  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 975,103  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMiscellaneous income     		    01 1,602  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,258,256 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,258,256
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    Elsie & William Viles Foundation
    c/o Mark L Johnston Treasurer
    Employer identification number

    22-3089641
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    Elsie & William Viles Foundation
    c/o Mark L Johnston Treasurer         		Employer identification number
    22-3089641
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Elsie P Viles Irrevocable Trust
     
    c/o Spinnaker Trust 123 Free Street
     
    Portland, ME041127160

    		$ 153,250


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    Elsie & William Viles Foundation
    c/o Mark L Johnston Treasurer         		Employer identification number

    22-3089641
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    Elsie & William Viles Foundation
    c/o Mark L Johnston Treasurer         		Employer identification number

    22-3089641
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 8,600 2,475   6,125

    TY 2020 CashDeemedCharitableExplnStmt
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Explanation:
    Total cash deemed held for charitable activities is determined by adding (a) 1.5% of checking, savings, and investments accounts other than the Foundation's Capital Improvement Account ($259,379) and (b) the entire balance of the Capital Improvement Account ($498,102). The Capital Improvement account is used by the Foundation solely to make repairs and required improvements to the Foundation's property, which is designated for charitable activities and use.

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

    TY 2020 DepreciationSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    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
    Building Improvements FY14 2014-01-02 124,751 21,060 SL 39.000000000000 3,199 0    
    Building 2014-01-02 750,000 126,604 SL 39.000000000000 19,231 0    
    Building Improvements FY15 2015-01-02 119,623 17,124 SL 39.000000000000 3,067 0    
    Land Improvements 2015-07-24 124,437 41,480 SL 15.000000000000 8,296 0    
    Building-65 Stone Stret 2016-05-16 360,400 38,504 SL 39.000000000000 9,241 0    
    Building Improvements FY16 2016-01-02 53,710 6,311 SL 39.000000000000 1,377 0    
    Land 65 Stone Street 2016-05-16 229,400   L   0 0    
    Shutters 2016-11-10 14,527 7,781 SL 7.000000000000 2,075 0    
    Drapes 2016-08-25 3,255 1,821 SL 7.000000000000 465 0    
    Rug 2017-02-23 4,589 2,241 SL 7.000000000000 656 0    
    Portraits 2017-02-23 8,636 4,216 SL 7.000000000000 1,234 0    
    New boilers and electrical improvements 2016-10-06 39,709 3,902 SL 39.000000000000 1,018 0    
    Insulation 2017-07-10 9,665 765 SL 39.000000000000 248 0    
    Land improvements 2018-01-31 11,544 1,925 SL 15.000000000000 770 0    
    Building Improvements FY17 2018-01-31 33,200 2,128 SL 39.000000000000 851 0    
    Window inserts 2019-01-31 3,050 654 SL 7.000000000000 436 0    
    Utility vehicle 2020-09-14 11,800   SL 5.000000000000 2,163 0    
    Buried utility 2021-03-18 12,062   SL 15.000000000000 268 0    
    Resurface driveway 2021-06-04 6,500   SL 15.000000000000 72 0    

    TY 2020 DistributionFromCorpusElection
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Election:
    Form 990-PFElection Under Regulations Section53.4942(a) - 3(d)(2) to treat excess qualifyingdistributions as distributed out of Corpus. I, Patricia A. West, Executive Director/Director of the Elsie & William Viles Foundation, in my capacity as such, do hereby elect to treat $153,250 of qualifying distributions made during the fiscal year ended July 31, 2021 as distributed out of corpus.Patricia A. West, Executive Director/DirectorEsie & William Viles Foundation

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Name of Bond End of Year Book Value End of Year Fair Market Value
    100000 units Morgan Stanley 2.625% 100,692 100,692
    100000 units Roper Technologie 2.8% 100,751 100,751
    100000 units PNC Funding Corp 3.3% 101,550 101,550
    100000 units Santander Holding 3.7% 101,780 101,780
    100000 units Booking Holdings 2.75% 103,752 103,752
    100000 units United Parcel Ser 2.5% 103,496 103,496
    50000 units Glaxo Smith Kline CA 3% 53,392 53,392
    100000 units Nextera Energy 3.25% 106,622 106,622
    100000 units Regions Finl Cor 2.25% 104,754 104,754
    100000 units Juniper Networks 1.2% 100,246 100,246
    100000 units Apple Inc 0.7% 99,402 99,402
    50000 units Citigroup Inc 3.2% 54,506 54,506
    50000 units Deltona FL Util 0.438% 49,973 49,973
    25000 units Alphabet Inc 3.375% 26,935 26,935
    50000 units Amazon.com Inc 2.8% 53,259 53,259
    25000 units Apple Inc 3.25% 27,523 27,523
    75000 units Bank of America Corp 3.248% 81,564 81,564
    85000 units Berkshire Hathaway 3% 86,866 86,866
    75000 units Blackrock Inc 3.5% 81,095 81,095
    75000 units CME Group Inc 3% 77,318 77,318
    75000 units Cisco Systems Inc 2.2% 77,838 77,838
    50000 units Coca-Cola 2.125% 52,355 52,355
    35000 units General Electric 3.1% 36,374 36,374
    75000 units Home Depot Inc 2.7% 77,564 77,564
    75000 units Intel Corp 2.7% 77,530 77,530
    25000 units JP Morgan Chase 3.3% 27,435 27,435
    65000 units JP Morgan Chase 3.25% 67,112 67,112
    35000 units Microsoft Corp 2.375% 35,344 35,344
    25000 units Microsoft Corp 3.3% 27,904 27,904
    30000 units Microsoft Corp 3.625% 32,123 32,123
    40000 units PEP 2.75% 42,853 42,853
    65000 units PNC Financial Services 3.3% 66,008 66,008
    25000 units Pepsico Inc 3% 25,042 25,042
    30000 units Rio Tinto Fin USA 3.75% 33,166 33,166
    50000 units Salesforce.com Inc 3.7% 57,113 57,113
    45000 units Visa Inc 1.9% 46,838 46,838
    50000 units Wal-Mart Stores Inc 2.55% 51,697 51,697
    25000 units Wells Fargo Co 3.55% 27,586 27,586
    125000 units FHLB .7% 123,878 123,878
    60000 units FHLB 1.6% 60,519 60,519
    40000 units FHLB 2.05% 40,349 40,349
    100000 units FHLB 2.15% 100,310 100,310
    120000 units FNMA .87% 118,686 118,686
    110000 units FNMA 1.25% 108,473 108,473
    165000 units Freddie Mac .5% 164,139 164,139
    95000 units US Treasury 2.125% 95,059 95,059
    21210.113 units Eaton Vance Floating Rate 186,437 186,437
    28704.426 units Principal Preferred Securities Instl 302,832 302,832
    3094.892 units Eaton Vance Floating Rate 27,204 27,204
    4215.398 units Principal Preferred Securities Instl 44,472 44,472
    9047.705 units Dodge & Cox Income Fund 130,739 130,739
    1512.122 units Guggenheim Total Return Bond 44,381 44,381
    12905.245 units Fidelity Intermediate Bond Fund 145,442 145,442

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1000 units Activision Blizzard 83,620 83,620
    900 units Akamai Technologies Inc 107,928 107,928
    50 units Alphabet Inc 134,726 134,726
    45 units Amazon.com Inc 149,742 149,742
    485 units American Water Works 82,503 82,503
    675 units Ametek Inc 93,859 93,859
    1600 units Amphenol Corp 115,984 115,984
    1200 units Apple Inc 175,032 175,032
    375 units Berkshire Hathaway Class B 104,359 104,359
    1350 units Borg Warner Inc 66,123 66,123
    1200 units Cerner Corp 96,468 96,468
    550 units Chubb Ltd 92,807 92,807
    455 units CME Group Inc 96,519 96,519
    300 units Constellation Brands 67,302 67,302
    425 units Danaher Corp 126,433 126,433
    700 units Eaton Corp PLC 110,635 110,635
    345 units Facebook Inc 122,923 122,923
    300 units Home Depot Inc 98,457 98,457
    225 units Intuit Inc 119,243 119,243
    350 units Linde PLC 107,586 107,586
    750 units McCormick & Co Inc 63,127 63,127
    675 units Medtronic PLC 88,634 88,634
    975 units Merck & Co Inc 74,948 74,948
    525 units Microchip Technology 75,138 75,138
    500 units Microsoft Corp 142,455 142,455
    400 units The Middleby Corp 76,596 76,596
    960 units Nextera Energy Inc 74,784 74,784
    415 units Nordson Corp 93,844 93,844
    350 units Palo Alto Networks 139,668 139,668
    450 units Pepsico Inc 70,628 70,628
    1000 units Phillips 66 73,430 73,430
    500 units Procter & Gamble 71,115 71,115
    625 units Qualcomm Inc 93,625 93,625
    1150 units Raytheon Technologies 99,993 99,993
    1350 units SEI Investments Co 82,080 82,080
    375 units Sherwin Williams Co 109,136 109,136
    195 units Teleflex Inc 77,499 77,499
    150 units Thermo Fisher Scientific 81,002 81,002
    1175 units TJX Companies Inc 80,852 80,852
    2100 units US Bancorp 116,634 116,634
    500 units Visa Inc 123,195 123,195
    500 units Walt Disney Co 88,010 88,010
    357 units Abbvie Inc 41,519 41,519
    115 units Adobe Sys Inc 71,487 71,487
    45 units Alphabet Inc - Class A 121,254 121,254
    34 units Alphabet Inc - Class C 91,950 91,950
    62 units Amazon.com Inc 206,311 206,311
    185 units American Tower Corporation 52,318 52,318
    156 units Ameriprise Financial Inc 40,179 40,179
    2160 units Apple Inc 315,058 315,058
    169 units Berkshire Hathaway - Class B 47,031 47,031
    30 units Booking Holdings Inc 65,348 65,348
    180 units Broadcom Inc 87,372 87,372
    372 units Caterpillar Inc 76,911 76,911
    307 units Chubb Ltd 51,803 51,803
    970 units Cisco Systems Inc. 53,709 53,709
    785 units Conoco Phillips 44,007 44,007
    185 units Costco Wholesale Corp 79,498 79,498
    222 units Danaher Corp 66,043 66,043
    330 units Digital Realty Trust Inc 50,873 50,873
    956 units Dow Inc 59,425 59,425
    384 units Ecolab Inc 84,798 84,798
    980 units Exxon Mobil Corp 56,419 56,419
    175 units Facebook Inc 62,353 62,353
    3355 units Ford Motor Co 46,802 46,802
    415 units Fortive Corp 30,154 30,154
    270 units Home Depot Inc 88,611 88,611
    183 units Honeywell Intl Inc 42,784 42,784
    519 units JP Morgan Chase & Co 78,774 78,774
    1700 units KeyCorp 33,422 33,422
    195 units McDonald's Corp 47,328 47,328
    950 units Merck & Co Inc 73,027 73,027
    1120 units Microsoft Corp 319,099 319,099
    70 units Netflix Inc. 36,230 36,230
    150 units Northrop Grumman Corp 54,453 54,453
    251 units PNC Financial Services Group 45,785 45,785
    150 units Paypal Holdings Inc 41,330 41,330
    400 units PepiCo Inc 62,780 62,780
    230 units Procter & Gamble Co 32,713 32,713
    757 units Raytheon Technologies Corp 65,821 65,821
    230 units Salesforce.com Inc 55,644 55,644
    465 units Starbucks Corp 56,465 56,465
    485 units TE Connectivity LTD 71,523 71,523
    185 units Thermo Fisher Scientific Inc 99,902 99,902
    325 units Union Pacific Corp 71,097 71,097
    260 units UnitedHealth Group Inc. 107,177 107,177
    1125 units Verizon Communications Inc 62,753 62,753
    410 units Visa Inc 101,020 101,020
    335 units Walmart Inc 47,754 47,754
    490 units Walt Disney Co 86,250 86,250
    405 units Eaton Corp PLC 64,010 64,010
    559 units Medtronic PLC 73,402 73,402
    52 units Abbvie Inc 6,048 6,048
    17 units Adobe Sys Inc 10,568 10,568
    11 units Alphabet Inc - Class C 29,749 29,749
    9 units Amazon.com Inc 29,948 29,948
    20 units American Tower Corporation 5,656 5,656
    22 units Ameriprise Financial Inc 5,666 5,666
    340 units Apple Inc 49,592 49,592
    24 units Berkshire Hathaway - Class B 6,679 6,679
    4 units Booking Holdings Inc 8,713 8,713
    25 units Broadcom Inc 12,135 12,135
    54 units Caterpillar Inc 11,165 11,165
    44 units Chubb LTD 7,425 7,425
    155 units Cisco Systems Inc 8,582 8,582
    115 units Conoco Phillips 6,447 6,447
    25 units Costco Wholesale Corp 10,743 10,743
    32 units Danaher Cor[ 9,520 9,520
    50 units Digital Realty Trust Inc 7,708 7,708
    138 units Dow Inc 8,578 8,578
    55 units Ecolab Inc 12,146 12,146
    145 units Exxon Mobil Corp 8,348 8,348
    30 units Facebook Inc 10,689 10,689
    460 units Ford Motor Co 6,417 6,417
    60 units Fortive Corp 4,360 4,360
    40 units Home Depot Inc 13,128 13,128
    26 units Honeywell Intl Inc 6,079 6,079
    74 units JP Morgan Chase & Co 11,232 11,232
    243 units KeyCorp 4,777 4,777
    30 units McDonald's Corp 7,281 7,281
    145 units Merck & Co 11,146 11,146
    150 units Microsoft Corp 42,736 42,736
    10 units Netflix Inc 5,176 5,176
    20 units Northrop Grumman Corp 7,260 7,260
    36 units PNC Financial Services Group 6,567 6,567
    20 units Paypal Holdings Inc 5,511 5,511
    60 units PepsiCo Inc 9,417 9,417
    35 units Procter & Gamble Co 4,978 4,978
    107 units Raytheon Technologies Corp 9,304 9,304
    35 units Salesforce.com Inc 8,468 8,468
    68 units Starbucks Corp 8,257 8,257
    70 units TE Connectivity LTD 10,323 10,323
    29 units Thermo Fisher Scientific Inc 15,660 15,660
    45 units Union Pacific Corp 9,844 9,844
    30 units United Health Group Inc 12,367 12,367
    165 units Verizon Communications Inc 9,204 9,204
    60 units Visa Inc 14,783 14,783
    50 units Walmart Inc 7,127 7,127
    52 units Walt Disney Co 9,153 9,153
    60 units Eaton Corp PLC 9,483 9,483
    86 units Medtronic PLC 11,293 11,293

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    7725 units IQ Hedge Multi-Strategy FMV 248,359 248,359
    19210 units iShares S&P GSCI FMV 313,123 313,123
    700 units SPDR S&P Biotech ETF FMV 86,387 86,387
    5112 units Vanguard FTSE All World FMV 319,449 319,449
    5990 units Vanguard FTSE Emerging FMV 306,149 306,149
    2920 units Vanguard Real Estate FMV 310,367 310,367
    98096.708 units Artisan International FMV 338,670 338,670
    12225.283 units Goldman Sachs Emerging FMV 378,495 378,495
    5379.973 units American Europacific Growth FMV 373,962 373,962
    4564.395 units Invesco Oppenheimer Developing Markets FMV 238,855 238,855
    5145.607 units Clearbridge Intl Growth Fund FMV 363,280 363,280
    12406.067 units Touchstone Sands Cap Emg Mrkts Growth Fd FMV 270,948 270,948
    5282.248 units T Rowe Price Mid-Cap Growth FMV 670,264 670,264
    9358.967 units MFS Mid Cap Value Fund FMV 294,340 294,340
    5545.682 units Delaware Small Cap Value Instl FMV 429,901 429,901
    5881.589 units Cohen & Steers Instl Realty FMV 320,488 320,488
    769.967 units American Europacific Growth FMV 53,520 53,520
    653.160 units Invesco Oppenheimer Developing Markets FMV 34,180 34,180
    750.879 units Clearbridge Intl Growth Fund FMV 53,012 53,012
    1775.296 units Touchstone Sands Cap Emg Mrkts Growth Fd FMV 38,772 38,772
    745.891 units T Rowe Price Mid-Cap Growth FMV 94,646 94,646
    1339.027 units MFS Mid Cap Value Fund FMV 42,112 42,112
    792.975 units Delaware Small Cap Value Instl FMV 61,471 61,471
    841.499 units Cohen & Steers Instl Realty FMV 45,853 45,853

    TY 2020 LandEtcSchedule2
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Building Improvements FY14 124,751 24,259 100,492  
    Building 750,000 145,835 604,165  
    Building Improvements FY15 119,623 20,191 99,432  
    Land Improvements 124,437 49,776 74,661  
    Building-65 Stone Stret 360,400 47,745 312,655  
    Building Improvements FY16 53,710 7,688 46,022  
    Land 65 Stone Street 229,400 0 229,400  
    Shutters 14,527 9,856 4,671  
    Drapes 3,255 2,286 969  
    Rug 4,589 2,897 1,692  
    Portraits 8,636 5,450 3,186  
    New boilers and electrical improvements 39,709 4,920 34,789  
    Insulation 9,665 1,013 8,652  
    Land improvements 11,544 2,695 8,849  
    Building Improvements FY17 33,200 2,979 30,221  
    Window inserts 3,050 1,090 1,960  
    Utility vehicle 11,800 2,163 9,637  
    Buried utility 12,062 268 11,794  
    Resurface driveway 6,500 72 6,428  


    TY 2020 LegalFeesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 1,342 0   1,342


    TY 2020 OtherExpensesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office Expenses 4,358 0   4,358
    Insurance 2,083 0   2,083
    Miscellaneous 563 0   563


    TY 2020 OtherIncomeSchedule2
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Miscellaneous income 1,602   1,602


    TY 2020 OtherIncreasesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Description Amount
    Unrealized Gains 2,598,356


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Fees 76,187 76,187   0


    TY 2020 TaxesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 0 0   0
    Foreign Taxes 759 759   0
    Payroll Tax 2,754 138   2,616