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 01-01-2020 , and ending 12-31-2020
Name of foundation
THE ARMSTRONG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 470338
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FORT WORTH, TX76147
A Employer identification number

75-6003209
B Telephone number (see instructions)

(817) 737-7117
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$27,445,746J 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 110,290 109,371  
4 Dividends and interest from securities... 366,187 364,063  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 146,865
b Gross sales price for all assets on line 6a 10,374,988
7 Capital gain net income (from Part IV, line 2)... 36,963
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 317,525 317,314  
12 Total. Add lines 1 through 11........ 940,867 827,711  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 190,825 95,414   95,411
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 44,743 22,372   22,371
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,975 6,975    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,073 9,073    
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,043 1,043  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 219,381 210,776   8,605
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 472,040 345,653   126,387
25 Contributions, gifts, grants paid....... 1,084,780 1,084,780
26 Total expenses and disbursements. Add lines 24 and 25 1,556,820 345,653   1,211,167
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -615,953
b Net investment income (if negative, enter -0-) 482,058
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.............      
2 Savings and temporary cash investments......... 435,750 495,719 495,718
3 Accounts receivable bullet30,360
Less: allowance for doubtful accounts bullet   40,733 30,360 30,360
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.......... 16,738 5,902 5,902
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 1,802,098 Click to see attachment1,061,330 1,082,939
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 21,016,347 Click to see attachment21,081,730 25,121,992
14 Land, buildings, and equipment: basis bullet78,687
Less: accumulated depreciation (attach schedule) bullet71,577 7,184 Click to see attachment7,110  
15 Other assets (describe bullet) Click to see attachment334,232 Click to see attachment334,232 Click to see attachment708,835
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,653,082 23,016,383 27,445,746
Liabilities 17 Accounts payable and accrued expenses..........   473
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).........   473
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 23,653,082 23,015,910
29 Total net assets or fund balances (see instructions)..... 23,653,082 23,015,910
30 Total liabilities and net assets/fund balances (see instructions). 23,653,082 23,016,383
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
23,653,082
2
Enter amount from Part I, line 27a .....................
2
-615,953
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
23,037,129
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
21,219
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,015,910
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.)
1a
b
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
b
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
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 36,963
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 6,701
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 6,701
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,701
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 12,603
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,603
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,902
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,902 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.ARMSTRONGFDN.ORG
    14
    The books are in care ofbulletLAURA HARRISON Telephone no.bullet (817) 737-7191

    Located atbulletP O BOX 470338FORT WORTHTX ZIP+4bullet761470338
    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
     
     
    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
    T K ARMSTRONG JR PRESIDENT
    20.00     		53,064 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    J HATCHER JAMES III VICE PRESIDE
    1.00     		709 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    LAURA J HARRISON SECRETARY
    30.00     		76,627 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    ALLEN L ARMSTRONG TREASURER
    5.00     		8,743 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    GEORGIA CLARKE KEY EMPLOYEE
    5.00     		7,396 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    ALEX D ARMSTRONG TRUSTEE
    5.00     		4,870 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    CHRISTIAN G SIEGENTHALER TRUSTEE
    5.00     		4,870 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    JOHN LEE HARRISON KEY EMPLOYEE
    20.00     		29,676 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    KATE BRITAIN KEY EMPLOYEE
    5.00     		4,870 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    24,336,627
    b
    Average of monthly cash balances.......................
    1b
    388,647
    c
    Fair market value of all other assets (see instructions)................
    1c
    758,235
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,483,509
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    25,483,509
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    382,253
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    25,101,256
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,255,063
    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
    1,255,063
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    6,701
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,701
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,248,362
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,248,362
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,248,362
    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
    1,211,167
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,211,167
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,211,167
    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 1,248,362
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 74,974
    c From 2017......  
    d From 2018......  
    e From 2019...... 4,765
    fTotal of lines 3a through e........ 79,739
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,211,167
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 1,211,167
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020. 37,195 37,195
    (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 42,544
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		42,544
    10 Analysis of line 9:
    a Excess from 2016.... 37,779
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 4,765
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    T K ARMSTRONG JR
    P O BOX 470338
    FORT WORTH,TX76147
    (817) 737-7117
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION CAN BE MADE AT WEBSITE WWW.ARMSTRONGFDN.ORG. PROPOSALS MUST BE ACCOMPANIED BY AN IRS LETTER SHOWING THEIR TAX-EXEMPT STATUS.
    cAny submission deadlines:
    PROPOSALS MAY BE SUBMITTED ANY TIME DURING THE YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO 501(C)(3) TAX-EXEMPT INSTITUTIONS AND ORGANIZATIONS ADVOCATING THE PERPETUATION OF CONSTITUTIONAL GOVERNMENT AND ITS FREEDOMS. OUR TRUSTEES ARE PARTICULARLY SUPPORTIVE OF THOSE INSTITUTIONS AND ORGANIZATIONS DIRECTING THEIR ACTIVITIES IN THE EDUCATIONAL PROCESSES OF THE FREE ENTERPRISE SYSTEM, THE BENEFITS OF LIMITED GOVERNMENT AND THE BASIC PRINCIPLES OF AMERICAN IDEALS ESPOUSED BY THE FOUNDING FATHERS OF THIS GREAT NATION. WE DO NOT SUPPORT BRICKS AND MORTAR PROJECTS. ADDITIONALLY, NO GRANTS ARE MADE TO INDIVIDUALS UNLESS PRIOR APPROVAL BY THE IRS.
    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
    ACH CHILD AND FAMILY SERVICES
    3712 WICHITA ST
    FT WORTH,TX76119     		    CIVIC & COMMUNITY 2,500
    ALICE LLOYD COLLEGE
    100 PURPOSE ROAD
    PIPPA PASSES,KY41844     		    EDUCATIONAL PROGRAMS 5,000
    AMERICAN LEGISLATIVE EXCHANGE COUN
    2900 CRYSTAL DR STE 600
    ARLINGTON,VA222023595     		    EDUCATIONAL PROGRAMS 15,000
    AMERICAN ENTERPRISE INSTITUTE FOR P
    1789 MASSACHUSETTS AVE
    WASHINGTON,DC20006     		    PUBLIC POLICY IN RESEARCH AND EDUCAT 35,000
    AMERICAN IDEAS INSTITUTE
    910 17TH ST NW STE 312
    WASHINGTON,DC20006     		    EDUCATIONAL PROGRAMS 7,500
    AMERICAN PRIVATE RADIO
    1739 UNIVERSITY AVE 341
    OXFORD,MS386554109     		    EDUCATIONAL PROGRAMS 20,000
    AMERICA'S FUTURE FOUNDATION
    3434 WASHINGTON BLVD 1ST
    WASHINGTON,DC20006     		    EDUCATIONAL PROGRAMS 15,000
    ASHBROOK CENTER
    401 COLLEGE AVE
    ASHLAND,OH448053702     		    EDUCATIONAL PROGRAMS 30,000
    ATLAS ECONOMIC RESEARCH FOUNDATION
    TWO LIBERTY CENTER 4075
    ARLINGTON,VA222032160     		    EDUCATIONAL PROGRAMS 12,000
    BILL OF RIGHTS INSTITUTE
    1310 N COURTHOUSE RD S
    ARLINGTON,VA22201     		    TEACHER TRAINING IN BILL OF RIGHTS 35,000
    BOTANICAL RESEARCH INSTITUTE OF TEX
    1700 UNIVERSITY DR
    FORT WORTH,TX761073400     		    EDUCATIONAL PROGRAMS 8,000
    CAPITAL RESEARCH CENTER
    1516 16TH ST NW
    WASHINGTON,DC20006     		    EDUCATIONAL PROGRAMS 7,500
    CATO INSTITUTE
    1000 MASSACHUSETTS AVE NW
    WASHINGTON,DC200015403     		    EDUCATIONAL PROGRAMS 12,500
    CENTER FOR INDEPENDENT THOUGHT
    1420 WALNUT ST STE 1011
    PHILADELPHIA,PA191024010     		    PUBLIC POLICY RESEARCH AND EDUCATION 10,000
    CURE-CENTER FOR URBAN RENEWAL AND E
    1317 F STREET NW 900
    WASHINGTON,DC20004     		    EDUCATIONAL PROGRAMS 5,000
    CERTELL INC
    3077 E 98TH ST STE 275
    INDIANAPOLIS,IN46280     		    EDUCATIONAL PROGRAMS 25,000
    COMPETITIVE ENTERPRISE INSTITUTE
    1310 L STREET NW 7TH FL
    WASHINGTON,DC20005     		    PUBLIC POLICY RESEARCH AND EDUCATION 18,000
    CONSTITUTING AMERICA INC
    PO BOX 1988
    COLLEYVILLE,TX760341988     		    PUBLIC POLICY RESEARCH AND EDUCATION 10,000
    FEDERALIST SOCIETY FOR LAW & PUBLIC
    1776 I STREET NW STE 300
    WASHINGTON,DC20006     		    LEGAL DEFENSE OF CONSTITUTION 12,000
    FORT WORTH ACADEMY FOR THE EDUCATIO
    7301 DUTCH BRANCH RD
    FORT WORTH,TX761324108     		    EDUCATIONAL PROGRAMS 25,000
    FOUNDATION FOR ECONOMIC EDUCATION
    30 SOUTH BROADWAY
    IRVINGTONONHUDSON,NY10533     		    PUBLIC POLICY RESEARCH AND EDUCATION 30,000
    FOUNDATION FOR GOVERNMENT ACCOUNTAB
    15275 COLLIER BLVD STE20
    NAPLES,FL341196750     		    PUBLIC POLICY RESEARCH AND EDUCATION 8,000
    FREE THE PEOPLE FIGHT THE POWER FOU
    611 PENNSYLVANIA AVE S25
    WASHINGTON,DC200034303     		    PUBLIC POLICY RESEARCH AND EDUCATION 30,000
    FREE TO CHOOSE NETWORK
    2002 FILLMORE AVE - SUITE
    ERIE,PA165062930     		    EDUCATION 15,000
    FREEDOMWORKS FOUNDATION
    111 K ST NE SUITE 600
    WASHINGTON,DC20002     		    ECONOMIC EDUCATION AND POLICY ANALYS 15,000
    FRIENDS OF FORT WORTH NATURE CENTER
    9601 FOSSIL RIDGE ROAD
    FORT WORTH,TX76135     		    COMMUNITY & EDUCATION 10,000
    FUND FOR AMERICAN STUDIES
    1706 NEW HAMPSHIRE AVE N
    WASHINGTON,DC20009     		    EDUCATION 25,000
    GOLDWATER INSTITUTE FOR PUBLIC POLI
    500 EAST CORONADO ROAD
    PHOENIX,AZ85004     		    NATIONAL AND STATE POLICY RESEARCH A 25,000
    GOSHEN FRIENDS SCHOOL
    814 N CHESTER ROAD
    WESTCHESTER,PA191021403     		    EDUCATIONAL PROGRAMS 850
    HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC200024958     		    EDUCATIONAL PROGRAMS 40,000
    HILLSDALE COLLEGE
    33 EAST COLLEGE STREET
    HILLSDALE,MI49242     		    EDUCATIONAL PROGRAMS 20,000
    INDEPENDENT INSTITUTE
    100 SWAN WAY STE 200
    OAKLAND,CA946211428     		    NATIONAL AND STATE POLICY RESEARCH A 20,000
    INDEPENDENT WOMENS FORUM
    1875 I STREET NW 500
    WASHINGTON,DC20006     		    PUBLIC POLICY RESEARCH AND EDUCATION 7,500
    INSTITUTE FOR ENERGY RESEARCH
    1155 15TH ST NW STE 900
    WASHINGTON,DC200052706     		    PUBLIC POLICY RESEARCH AND EDUCATION 7,500
    INSTITUTE FOR HUMANE STUDIES
    3434 WASHINGTON BLVD MS
    ARLINGTON,VA22201     		    PUBLIC POLICY RESEARCH AND EDUCATION 25,000
    INSTITUTE FOR JUSTICE
    901 N GLEBE ROAD -SUITE
    ARLINGTON,VA222031854     		    EDUCATIONAL PROGRAMS 30,000
    INTERCOLLEGIATE STUDIES INSTITUTE
    3901 CENTERVILLE ROAD
    WILMINGTON,DE198071938     		    PUBLIC POLICY EDUCATION AT COLLEGE L 25,000
    JACK MILLER CENTER FOR TEACHING AME
    3 BALA PLAZA WEST 401
    BALA CYNWYD,PA190043481     		    EDUCATIONAL PROGRAMS 20,000
    JUNIOR ACHIEVEMENT OF THE CHISHOLM
    6300 RIDGLEA PLACE - SUIT
    FORT WORTH,TX761165706     		    EDUCATIONAL PROGRAMS 7,500
    LAW AND ECONOMICS CENTER
    3301 FAIRFAX DRIVE - HAZ
    ARLINGTON,VA22201     		    POLITICAL SCIENCE, POLITICS AND ECO 10,000
    LEADERSHIP INSTITUTE
    1101 N HIGHLAND ST
    ARLINGTON,VA222012807     		    PUBLIC POLICY AND EDUCATION 32,000
    LUCY BURNS INSTITUTE
    8383 GREENWAY BLVD STE 6
    MIDDLETON,WI53562     		    PUBLIC POLICY EDUCATION 5,000
    LUDWIG VON MISES INSTITUTE FOR AUST
    518 W MAGNOLIA AVE
    AUBURN,AL368324501     		    EDUCATIONAL PROGRAMS 20,000
    MANHATTAN INSTITUTE FOR POLICY RESE
    52 VANDERBILT AVE
    NEW YORK,NY100173808     		    RESEARCH AND ED. PROGRAMS IN FREE MA 17,000
    MEDIA RESEARCH CENTER
    1900 CAMPUS COMMONS DR S
    RESTON,VA201911535     		    RESEARCH AND EDUCATIONAL PROGRAMS 17,500
    MERCATUS CENTER
    3434 WASHINGTON BLVD-4TH
    ARLINGTON,VA222014508     		    MERCATUS CENTER - PUBLIC POLICY RESE 22,500
    MISSISSIPPI CENTER FOR PUBLIC POLIC
    520 GEORGE ST
    JACKSON,MS39202     		    PUBLIC POLICY RESEARCH AND EDUCATION 20,000
    MOVING PICTURE INSTITUTE
    375 GREENWICH STREET
    NEW YORK,NY100132376     		    EDUCATIONAL PROGRAMS 28,000
    MULTIPURPOSE ARENA FORT WORTH DBA T
    1911 MONTGOMERY STREET
    FORT WORTH,TX76107     		    SPORTS AND RECREATION 11,930
    NATIONAL RIGHT TO WORK LEGAL DEFENS
    8001 BRADDOCK RD 600
    SPRINGFIELD,VA22160     		    PUBLIC POLICY RESEARCH AND EDUCATION 15,000
    NETWORK OF ENLIGHTENED WOMEN INC
    1360 EAST CAPITAL STREET
    WASHINGTON,DC20003     		    EDUCATIONAL PROGRAMS 3,000
    OKLAHOMA COUNCIL OF PUBLIC AFFAIRS
    1401 N LINCOLN BOULEVARD
    OKLAHOMA CITY,OK73104     		    PUBLIC POLICY RESEARCH AND EDUCATION 10,000
    PACIFIC LEGAL FOUNDATION
    930 G STREET
    SACRAMENTO,CA95814     		    LEGAL AND JUDICIAL EDUCATION PROGRAM 20,000
    PHILANTHROPY ROUNDTABLE
    1120 20TH ST NW SUITE 55
    WASHINGTON,DC20006     		    PUBLIC POLICY RESEARCH AND EDUCATION 7,500
    PRAGER UNIVERSITY FOUNDATION
    15021 VENTURA BOULEVARD N
    SHERMAN OAKS,CA91403     		    EDUCATIONAL PROGRAMS 5,000
    PRESERVATION SOCIETY OF ELLICOTT'S
    215 S PEARL STREET
    NATCHEZ,MS39121     		    CIVIC AND COMMUNITY 2,500
    REASON FOUNDATION
    5737 MESMER AVE
    LOS ANGELES,CA902306316     		    PUBLIC POLICY RESEARCH AND EDUCATION 30,000
    STATE POLICY NETWORK
    1655 N FORT MYER DR- SU
    ARLINGTON,VA222093113     		    PUBLIC POLICY RESEARCH AND EDUCATION 35,000
    ST PETER'S EPISCOPAL SCHOOL
    321 ST PETER STREET
    KERRVILLE,TX78028     		    EDUCATION 4,000
    STUDENTS FOR LIBERTY
    PO BOX 97246
    WASHINGTON,DC20006     		    PUBLIC POLICY RESEARCH AND EDUCATION 15,000
    TALENT MARKET
    1490 GREENSHADE WAY
    MOUNT PLESANT,SC29464     		    EDUCATIONAL AND RESEARCH PROGRAMS 5,000
    TAX FOUNDATION
    1325 G STREET NW SUITE
    WASHINGTON,DC20005     		    EDUCATIONAL PROGRAMS 15,000
    TEXAS PUBLIC POLICY FOUNDATION
    P O BOX 1449
    AUSTIN,TX78767     		    EDUCATIONAL PROGRAMS 27,500
    TURNING POINT
    4940 E BEVERLEY RD
    PHOENIX,AZ85044     		    EDUCATIONAL PROGRAMS 20,000
    YOUNG AMERICA'S FOUNDATION
    11480 COMMERCE PARK DRIVE
    RESTON,VA201911556     		    PUBLIC POLICY RESEARCH AND EDUCATION 10,000
    YOUNG VOICES
    1342 FLORIDA AVE NW
    WASHINGTON,DC200094808     		    EDUCATIONAL PROGRAMS 5,000
    Total .................................bullet 3a 1,084,780
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 110,290  
    4 Dividends and interest from securities....     14 366,187  
    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.....     15 317,314  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 36,963 109,902
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    14    
    bPMF FUND     14 177  
    cML-2217 UNRECAP 1250     14 34  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   830,965 109,902
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    940,867
    (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 ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING EXPENSES 6,975 6,975    

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

    TY 2020 DepreciationSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    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
    CONDO LAND 1983-09-01 5,362              
    ELECTRIC LOCKS 1986-12-01 167 167 S/L 5.0000        
    IBM PC SOFTWARE 1983-06-30 3,066 3,066 S/L 5.0000        
    CALCULATOR 1983-08-31 109 109 S/L 3.0000        
    DESK 1983-08-31 656 656 S/L 10.0000        
    SANGER HARRIS CH 1984-07-31 307 307 S/L 5.0000        
    IBM TYPEWRITER 1984-09-30 1,050 1,050 S/L 5.0000        
    CHAIR 1984-10-31 240 240 S/L 5.0000        
    INWOOD TYPEWRITER 1985-04-17 1,538 1,538 S/L 5.0000        
    TELEPHONE 1985-07-30 332 332 S/L 5.0000        
    TELEPHONE 1985-09-04 995 995 S/L 5.0000        
    COMPUTER CHIP 1989-01-26 280 280 S/L 5.0000        
    FILE DRAWERS 1989-02-09 665 665 S/L 5.0000        
    COMPUTER 1990-06-28 2,794 2,794 S/L 5.0000        
    CHAIR 1991-06-12 279 279 S/L 5.0000        
    FURNITURE 1991-07-03 586 586 S/L 5.0000        
    PRINTER 1993-06-08 350 350 S/L 5.0000        
    NEW PHONE SYSTEM 1998-05-26 1,019 1,019 S/L 5.0000        
    CONDO OFFICE BUILDING 1983-09-01 44,242 44,242 S/L 25.0000        
    VARIOUS 1957-01-01 1,106 1,106 S/L 5.0000        
    DICTAPHONE 1983-06-30 890 890 S/L 5.0000        
    LENNOX 4 TON A/C-HEAT UNIT 2005-08-22 2,886 1,064 S/L 39.0000 74 74    
    OPTIPLEX 210L COMPUTER 2006-06-23 1,555 1,555 200DB 5.0000        
    OFFICE EQUIPMENT 2008-10-20 1,553 1,553 200DB 5.0000        
    OFFICE EQUIPMENT 2009-01-29 1,205 1,205 200DB 5.0000        
    COMPUTER 2014-05-23 1,000 1,000 200DB 5.0000        
    PRINTER 2014-06-17 999 999 200DB 5.0000        
    FURNITURE & FIXTURES 2019-02-22 221 221 200DB 7.0000        
    FURNITURE & FIXTURES 2019-03-21 398 398 200DB 7.0000        
    3 CHAIRS 2019-04-11 753 753 200DB 7.0000        
    FURNITURE & FIXTURES 2019-05-16 1,113 1,113 200DB 7.0000        
    FURNITURE & FIXTURES 2020-08-21 969   200DB 7.0000 969 969    

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    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PMF   PURCHASE     14       14  
    PMF   PURCHASE     7       7  
    BB&T-4067   PURCHASE     1,793,097 1,889,273     -96,176  
    BB&T-4067   PURCHASE     2,468,836 2,441,520     27,316  
    JPMORGAN-8005   PURCHASE     1,490,601 1,489,459     1,142  
    JPMORGAN-8005   PURCHASE     2,260,237 2,201,449     58,788  
    AMERICAN INTERNATIONAL GROUP   PURCHASE 2020-01   15       15  
    MERRILL LYNCH-2217   PURCHASE     77,567 92,768     -15,201  
    MERRILL LYNCH-2217   PURCHASE     460,823 401,214     59,609  
    CHUBB LTD   PURCHASE     32,253 11,692     20,561  
    NEXTERA ENERGY   PURCHASE     16,479 2,433     14,046  
    MERRILL LYNCH-4083   PURCHASE     453,248 415,622     37,626  
    MERRILL LYNCH-4083   PURCHASE     293,912 291,693     2,219  
    MERRILLY LYNCH-4084   PURCHASE     990,936 991,000     -64  
        PURCHASE                

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ML S/T BOND LADDER-4084 1,061,330 1,082,939

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JP MORGAN MANAGED ACCOUNT FMV 8,550,076 10,448,229
    MERRILL LYNCH PIA ACCOUNT FMV 3,457,965 4,361,921
    VINTAGE 2015 PRIVATE EQUITY FMV 683,141 638,574
    VINTAGE 2017 PRIVATE EQUITY FMV 336,017 320,587
    HPS MEZZANINE PARTNERS FUND FMV 443,689 433,515
    HPS MEZZANINE 2019 FMV 182,694 183,968
    BENEFIT PARTNERS DEBT FUND FMV 347,601 335,427
    LANDMARK PRIVATE EQUITY FMV 236,801 256,128
    HIGHBRIDGE CONVERTABLE FUND FMV 260,513 278,882
    BB&T MANAGED ACCOUNT FMV 6,561,047 7,844,922
    INVESTMENT IN PMF FUND FMV 22,186 19,839

    TY 2020 LandEtcSchedule2
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE BUILDING 53,861 46,751 7,110  
    FURNITURE AND EQUIPMENT 24,826 24,826    


    TY 2020 OtherAssetsSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MISSISSIPPI MINERAL INTERESTS 329,225 329,225 567,798
    OKLAHOMA MINERAL INTERESTS 5,000 5,000 141,030
    MINERAL INTERESTS RESERVED 7 7 7


    TY 2020 OtherDecreasesSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Description Amount
    EXCISE TAX 20,812
    PRIOR PERIOD ADJUSTMENT 407


    TY 2020 OtherExpensesSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    DUES AND SUBSCRIPTIONS 1,401 1,401    
    INSURANCE EXPENSE 3,163 3,163    
    INVESTMENT ADVISORY EXPENSE 159,764 159,764    
    OFFICE SUPPLIES AND EXPENSE 8,857 8,857    
    OIL & GAS EXPENSES 4,683 4,683    
    OIL & GAS PRODUCTION TAX 19,992 19,992    
    OIL & GAS OTHER DEDUCTIONS 4,605 4,605    
    SOFTWARE 8,050     8,050
    TRAVEL AND MEETING EXPENSE 555     555
    INVESTMENT INTEREST 7,554 7,554    
    K-1 ACTIVITY 757 757    


    TY 2020 OtherIncomeSchedule2
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL & GAS RENT 1,225 1,225  
    PARTNERSHIP INC-VINTAGE 2015 18,805 18,805  
    PARTNERSHIP INC-MEZZANINE 28,990 28,990  
    PARTNERSHIP INC-VINTAGE 2017 14,768 14,768  
    PARTNERSHIP INC-BENEFIT PTRS 24,437 24,437  
    PARTNERSIP INC-MEZZANINE 2019 12,761 12,761  
    PARTNERSHIP INC-LANDMARK -12,296 -12,296  
    PARTNERSHIP INC-HIGHBRIDGE 11,488 11,488  
    ROYALTIES 217,136 217,136  
    PMF FUND 177    
    ML-2217 UNRECAP 1250 34    


    TY 2020 TaxesSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN INCOME 5,919 5,919    
    REAL AND PERSONAL PROPERTY 1,835 1,835    
    STATE WITHHOLDING 1,319 1,319