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
ROBERT & EVELYN HEWLETT MORGAN
FAMILY FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 773
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PRINCETON, KY42445
A Employer identification number

61-1310243
B Telephone number (see instructions)

(270) 963-0936
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$3,813,836J 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 65 65  
4 Dividends and interest from securities... 59,781 59,781  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 108,962
b Gross sales price for all assets on line 6a 2,761,384
7 Capital gain net income (from Part IV, line 2)... 108,962
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 168,808 168,808  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,000 1,200   10,800
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 918 92   826
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 13,309 13,309   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,465 669   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,461 1   1,460
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 31,153 15,271   13,086
25 Contributions, gifts, grants paid....... 179,285 179,285
26 Total expenses and disbursements. Add lines 24 and 25 210,438 15,271   192,371
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -41,630
b Net investment income (if negative, enter -0-) 153,537
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............. 1,410 22,084 22,084
2 Savings and temporary cash investments......... 56,141 45,508 45,508
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,435,930 Click to see attachment3,385,339 3,744,164
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,160 Click to see attachment2,080 Click to see attachment2,080
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,496,641 3,455,011 3,813,836
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) Click to see attachment488 Click to see attachment488
23 Total liabilities (add lines 17 through 22)......... 488 488
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........ 777,029 777,029
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 2,719,124 2,677,494
29 Total net assets or fund balances (see instructions)..... 3,496,153 3,454,523
30 Total liabilities and net assets/fund balances (see instructions). 3,496,641 3,455,011
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
3,496,153
2
Enter amount from Part I, line 27a .....................
2
-41,630
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,454,523
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
3,454,523
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 CAR SCOUT MDCP I - 4,906.179 SHS   2019-10-02 2020-02-06
b CAR SCOUT MDCP I - 26.669 SHS   2019-12-23 2020-02-06
c CAR SCOUT MDCP I - 244.977 SHS   2019-12-23 2020-02-06
d INV S&P SMCP LOW VOL ETF - 2,612 SHS   2019-02-07 2020-02-06
e INV S&P SMCP LOW VOL ETF - 1,592 SHS   2019-10-02 2020-08-28
INV S&P SMCP LOW VOL ETF - 900 SHS   2020-03-13 2020-08-28
INV S&P SMCP LOW VOL ETF - 802 SHS   2020-03-13 2020-08-28
ISHS MSCI USA M VOL ETF - 2,175 SHS   2019-02-07 2020-02-06
ISHS MSCI USA M VOL ETF - 203 SHS   2019-10-02 2020-08-28
ISHS MSCI USA M VOL ETF - 526 SHS   2020-03-13 2020-08-28
JPM LTD DUR BD I - 33.466 SHS   2019-04-29 2020-04-27
JPM LTD DUR BD I - 26.367 SHS   2019-05-30 2020-04-27
JPM LTD DUR BD I - 28.131 SHS   2019-06-27 2020-04-27
JPM LTD DUR BD I - 27.577 SHS   2019-07-30 2020-04-27
JPM LTD DUR BD I - 26.02 SHS   2019-08-29 2020-04-27
JPM LTD DUR BD I - 27.678 SHS   2019-09-27 2020-04-27
JPM LTD DUR BD I - 24.494 SHS   2019-10-30 2020-04-27
JPM LTD DUR BD I - 22.127 SHS   2019-11-27 2020-04-27
JPM LTD DUR BD I - 24.478 SHS   2019-12-30 2020-04-27
JPM LTD DUR BD I - 20.344 SHS   2020-01-30 2020-04-27
JPM LTD DUR BD I - 11,348.75 SHS   2020-02-06 2020-04-27
JPM LTD DUR BD I - 2,528.926 SHS   2020-02-06 2020-08-28
WF SPL MDCP VAL I - 175.891 SHS   2020-02-06 2020-08-28
WSTRN ASST COR BD I - 3,572.393 SHS   2020-02-06 2020-03-13
WSTRN ASST COR BD I - 3,053.6 SHS   2020-02-06 2020-08-28
WSTRN ASST COR PLS I - 739.045 SHS   2019-02-07 2020-02-06
WSTRN ASST COR PLS I - 33.088 SHS   2019-03-01 2020-02-06
WSTRN ASST COR PLS I - 35.929 SHS   2019-04-01 2020-02-06
WSTRN ASST COR PLS I - 36.124 SHS   2019-05-01 2020-02-06
WSTRN ASST COR PLS I - 38.347 SHS   2019-06-03 2020-02-06
WSTRN ASST COR PLS I - 33.706 SHS   2019-07-01 2020-02-06
WSTRN ASST COR PLS I - 34.52 SHS   2019-08-01 2020-02-06
WSTRN ASST COR PLS I - 34.435 SHS   2019-09-03 2020-02-06
WSTRN ASST COR PLS I - 30.171 SHS   2019-10-01 2020-02-06
WSTRN ASST COR PLS I - 27.058 SHS   2019-11-01 2020-02-06
WSTRN ASST COR PLS I - 48.672 SHS   2019-12-02 2020-02-06
WSTRN ASST COR PLS I - 41.253 SHS   2019-12-19 2020-02-06
WSTRN ASST COR PLS I - 94.161 SHS   2019-12-19 2020-02-06
WSTRN ASST COR PLS I - 30.695 SHS   2020-01-02 2020-02-06
WSTRN ASST COR PLS I - 28.88 SHS   2020-02-03 2020-02-06
CAR SCOUT MDCP1 - 27,430.249 SHS   2018-04-24 2020-02-06
CAR SCOUT MDCP1 - 1,456.368 SHS   2018-10-25 2020-02-06
CAR SCOUT MDCP1 - 178.951 SHS   2018-12-24 2020-02-06
CAR SCOUT MDCP1 - 2,428.655 SHS   2018-12-24 2020-02-06
COLUMBIA STR INC I - 7,046.627 SHS   2017-02-15 2020-03-13
COLUMBIA STR INC I - 1,544.53 SHS   2017-02-15 2020-08-28
FIRST EAGLE GLB1 - 442.68 SHS   2015-10-28 2020-02-06
FIRST EAGLE GLB1 - 804.611 SHS   2015-10-28 2020-08-28
INV S&P SMCP LOW VOL ETF - 3,200 SHS   2019-02-07 2020-08-28
INV S&P SMCP LOW VOL ETF - 1,563 SHS   2019-02-07 2020-08-28
INV S&P SMCP LOW VOL ETF - 500 SHS   2019-02-07 2020-08-28
INV S&P SMCP LOW VOL ETF - 300 SHS   2019-02-07 2020-08-28
INV S&P SMCP LOW VOL ETF - 100 SHS   2019-02-07 2020-08-28
ISHS US RL EST ETF - 47 SHS   2018-02-13 2020-02-06
ISHS US RL EST ETF - 134 SHS   2018-02-13 2020-08-28
ISHS MSCI EAFE M VOL ETF - 247 SHS   2018-04-24 2020-02-06
ISHS MSCI EAFE M VOL ETF - 151 SHS   2018-04-24 2020-03-13
ISHS MSCI USA M VOL ETF - 741 SHS   2019-02-07 2020-08-28
ISHS MSCI USA M VOL ETF - 759 SHS   2019-02-07 2020-08-28
ISHS MSCI USA M VOL ETF - 971 SHS   2019-02-07 2020-08-28
ISHS MSCI USA M VOL ETF - 1,300 SHS   2019-02-07 2020-08-28
ISHS MSCI USA M VOL ETF - 1,346 SHS   2019-02-07 2020-08-28
ISHS MSCI USA M VOL ETF - 2,241 SHS   2019-02-07 2020-08-28
ISHS MSCI USA M VOL ETF - 3,500 SHS   2019-02-07 2020-08-28
JPM LTD DUR BD I - 5,119.202 SHS   2019-02-07 2020-03-13
JPM LTD DUR BD I - 6,890.82 SHS   2019-02-07 2020-04-27
JPM LTD DUR BD I - 26.5 SHS   2019-02-27 2020-04-27
JPM LTD DUR BD I - 28.915 SHS   2019-03-28 2020-04-27
VIRTUS VNTBL E/MKT I - 1,709.19 SHS   2015-10-28 2020-02-06
VIRTUS VNTBL E/MKT I - 509.953 SHS   2015-10-28 2020-03-13
VIRTUS VNTBL E/MKT I - 270.475 SHS   2015-11-13 2020-03-13
VIRTUS VNTBL E/MKT I - 1,083.511 SHS   2015-11-13 2020-08-28
WSTRN ASST COR PLS I - 6,734.202 SHS   2017-04-19 2020-02-06
WSTRN ASST COR PLS I - 15.456 SHS   2017-05-01 2020-02-06
WSTRN ASST COR PLS I - 44.781 SHS   2017-06-01 2020-02-06
WSTRN ASST COR PLS I - 47.868 SHS   2017-07-03 2020-02-06
WSTRN ASST COR PLS I - 39.643 SHS   2017-08-01 2020-02-06
WSTRN ASST COR PLS I - 38.036 SHS   2017-09-01 2020-02-06
WSTRN ASST COR PLS I - 32.496 SHS   2017-10-02 2020-02-06
WSTRN ASST COR PLS I - 32.616 SHS   2017-11-01 2020-02-06
WSTRN ASST COR PLS I - 34.938 SHS   2017-12-01 2020-02-06
WSTRN ASST COR PLS I - 5.431 SHS   2017-12-22 2020-02-06
WSTRN ASST COR PLS I - 7.766 SHS   2017-12-22 2020-02-06
WSTRN ASST COR PLS I - 25.943 SHS   2018-01-02 2020-02-06
WSTRN ASST COR PLS I - 25.11 SHS   2018-02-01 2020-02-06
WSTRN ASST COR PLS I - 25.036 SHS   2018-03-01 2020-02-06
WSTRN ASST COR PLS I - 28.336 SHS   2018-04-02 2020-02-06
WSTRN ASST COR PLS I - 850.31 SHS   2018-04-24 2020-02-06
WSTRN ASST COR PLS I - 27.582 SHS   2018-05-01 2020-02-06
WSTRN ASST COR PLS I - 30.968 SHS   2018-06-01 2020-02-06
WSTRN ASST COR PLS I - 9.347 SHS   2018-06-20 2020-02-06
WSTRN ASST COR PLS I - 41.533 SHS   2018-06-20 2020-02-06
WSTRN ASST COR PLS I - 31.476 SHS   2018-07-02 2020-02-06
WSTRN ASST COR PLS I - 31.022 SHS   2018-08-01 2020-02-06
WSTRN ASST COR PLS I - 823.256 SHS   2018-08-28 2020-02-06
WSTRN ASST COR PLS I - 37.149 SHS   2018-09-04 2020-02-06
WSTRN ASST COR PLS I - 33.588 SHS   2018-10-01 2020-02-06
WSTRN ASST COR PLS I - 35.131 SHS   2018-11-01 2020-02-06
WSTRN ASST COR PLS I - 36.464 SHS   2018-12-03 2020-02-06
WSTRN ASST COR PLS I - 34.249 SHS   2019-01-02 2020-02-06
WSTRN ASST COR PLS I - 32.299 SHS   2019-02-01 2020-02-06
CAPITAL GAINS DIVIDENDS P    
(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 95,082   91,080 4,002
b 517   495 22
c 4,748   4,548 200
d 133,330   122,389 10,941
e 56,469   76,480 -20,011
31,923   32,760 -837
28,447   29,188 -741
149,126   121,300 27,826
13,177   12,752 425
34,145   29,246 4,899
334   337 -3
263   266 -3
280   284 -4
275   278 -3
259   262 -3
276   279 -3
244   247 -3
221   223 -2
244   247 -3
203   205 -2
113,147   114,430 -1,283
25,719   25,499 220
6,570   7,213 -643
45,762   47,049 -1,287
41,865   40,222 1,643
8,957   8,575 382
401   384 17
435   417 18
438   419 19
465   445 20
408   391 17
418   400 18
417   399 18
366   350 16
328   314 14
590   565 25
500   479 21
1,141   1,092 49
372   356 16
350   335 15
531,598   509,225 22,373
28,224   27,037 1,187
3,468   3,322 146
47,067   45,086 1,981
39,673   41,661 -1,988
9,205   9,123 82
25,605   23,805 1,800
47,158   43,203 3,955
113,505   149,981 -36,476
55,440   73,237 -17,797
17,735   23,435 -5,700
10,641   14,058 -3,417
3,547   4,685 -1,138
4,522   3,436 1,086
11,033   9,795 1,238
18,680   18,262 418
8,988   11,164 -2,176
48,104   41,326 6,778
49,272   42,327 6,945
63,031   54,148 8,883
84,388   72,498 11,890
87,374   75,060 12,314
145,471   124,975 20,496
227,212   195,174 32,038
51,653   51,621 32
68,702   69,481 -779
264   267 -3
288   292 -4
19,741   17,169 2,572
4,901   5,122 -221
2,599   2,717 -118
12,731   10,884 1,847
81,619   78,131 3,488
187   179 8
543   520 23
580   555 25
481   460 21
461   441 20
394   377 17
395   378 17
423   405 18
66   63 3
94   90 4
314   301 13
304   291 13
304   291 13
344   329 15
10,306   9,865 441
334   320 14
375   359 16
113   108 5
503   482 21
382   365 17
376   360 16
9,978   9,552 426
450   431 19
407   390 17
426   408 18
442   423 19
415   397 18
391   375 16
9,945     9,945
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       4,002
b       22
c       200
d       10,941
e       -20,011
      -837
      -741
      27,826
      425
      4,899
      -3
      -3
      -4
      -3
      -3
      -3
      -3
      -2
      -3
      -2
      -1,283
      220
      -643
      -1,287
      1,643
      382
      17
      18
      19
      20
      17
      18
      18
      16
      14
      25
      21
      49
      16
      15
      22,373
      1,187
      146
      1,981
      -1,988
      82
      1,800
      3,955
      -36,476
      -17,797
      -5,700
      -3,417
      -1,138
      1,086
      1,238
      418
      -2,176
      6,778
      6,945
      8,883
      11,890
      12,314
      20,496
      32,038
      32
      -779
      -3
      -4
      2,572
      -221
      -118
      1,847
      3,488
      8
      23
      25
      21
      20
      17
      17
      18
      3
      4
      13
      13
      13
      15
      441
      14
      16
      5
      21
      17
      16
      426
      19
      17
      18
      19
      18
      16
      9,945
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 2 108,962
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 2,134
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 2,134
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 2,134
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,080
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,200
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,280
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 2
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 1,144
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,144 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletKY
    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 addressbulletNONE
    14
    The books are in care ofbulletSHANE FORTNER Telephone no.bullet (270) 963-0936

    Located atbullet210 S SEMINARY STPRINCETONKY ZIP+4bullet42445
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SUZANNE M REGEN PRESIDENT/DIRECTOR
    8.00     		12,000 0 0
    6024 SEDBERRY DRIVE
    NASHVILLE,TN37205
    RICHARD G MORGAN VICE PRESIDENT/DIRECTOR
    1.00     		0 0 0
    210 S SEMINARY ST
    PRINCETON,KY42445
    SHANE FORTNER SEC/TREAS/DIRECTOR
    2.00     		0 0 0
    205 HOLLY LANE
    PRINCETON,KY42445
    CHARLY A MORGAN DIRECTOR
    1.00     		0 0 0
    870 OAK MEADOW DR APT 3105
    FRANKLIN,TN37064
    PAT HAYES DIRECTOR
    1.00     		0 0 0
    202 CHERRY LANE
    PRINCETON,KY42445
    RAYMOND GIANNINI DIRECTOR
    1.00     		0 0 0
    830 W MAIN STREET
    PRINCETON,KY42445
    KEN GODSHALL DIRECTOR
    1.00     		0 0 0
    807 W LOCUST STREET
    PRINCETON,KY42445
    DUANE MIKSCH DIRECTOR
    1.00     		0 0 0
    1216 MEADOWLARK CIRCLE
    MANHATTAN,KS66502
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,369,730
    b
    Average of monthly cash balances.......................
    1b
    74,519
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,444,249
    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
    3,444,249
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    51,664
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,392,585
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    169,629
    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
    169,629
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,134
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,134
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    167,495
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    167,495
    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
    167,495
    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
    192,371
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    192,371
    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
    192,371
    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 7 167,495
    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...... 8,711
    c From 2017...... 13,489
    d From 2018...... 37,139
    e From 2019...... 25,231
    fTotal of lines 3a through e........ 84,570
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 192,371
    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)........     		0
    d Applied to 2020 distributable amount..... 167,495
    e Remaining amount distributed out of corpus 24,876
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 109,446
    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 ..........     		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) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		109,446
    10 Analysis of line 9:
    a Excess from 2016.... 8,711
    b Excess from 2017.... 13,489
    c Excess from 2018.... 37,139
    d Excess from 2019.... 25,231
    e Excess from 2020.... 24,876
    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:
    SHANE FORTNER
    PO BOX 773
    PRINCETON,KY42445
    (270) 963-0936
    bThe form in which applications should be submitted and information and materials they should include:
    REQUEST APPLICATION FORMS PROVIDED BY THE FOUNDATION
    cAny submission deadlines:
    MARCH 31ST
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESTRICTED TO CALDWELL COUNTY, KENTUCKY
    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
    PRINCETON ART GUILD
    115 E MAIN STREET
    PRINCETON,KY42445     		  PC FINANCIAL AID - DIRECTOR'S SALARY 21,530
    BRIGHT LIFE FARMS
    6773 US HWY 62 W
    KUTTAWA,KY42055     		  PC FINANCIAL AID - FRONT PORCH ON RESIDENTIAL QUARTERS 20,000
    COMMUNITY DISCIPLES
    108 W GREEN ST
    PRINCETON,KY42445     		  PC FINANCIAL AID - COMMUNITY BEAUTIFICATION, PROJECT GRADUATION EVENT & AFTER SCHOOL TUTORING PROGRAM 16,500
    AMATEUR RADIO EMERGENCY SERVICE
    102 NORTHFIELD DRIVE
    PRINCETON,KY42445     		  PC FINANCIAL AID - EQUIPMENT PURCHASE, PERSONAL PROTECTION EQUIPMENT 9,945
    YOUTH INCORPORATED OF CALDWELL COUNTY
    PO BOX 336
    PRINCETON,KY42445     		  PC FINANCIAL AID - ELECTRICAL UPGRADE, SUBSIDIZE SUMMER PROGRAM COSTS 12,845
    DOTSON PARK
    531 S HARRISON STREET
    PRINCETON,KY42445     		  PC FINANCIAL AID - EQUIPMENT AND INFRASTRUCTURE IMPROVEMENTS 13,500
    FREDONIA VALLEY RIDING CLUB
    15002 MARION RD
    PRINCETON,KY42445     		  PF FINANCIAL AID - ANNOUNCER'S STAND ENCLOSURE, ROPING CHUTES 13,000
    PENNYROYAL INDUSTRIES PENNYROYAL CENTER
    945 DAWSON RD
    PRINCETON,KY42445     		  PC FINANCIAL AID - SUBSIDIZE REGISTRATION FEES FOR SUMMER CAMP 4,000
    FRIENDS OF GEORGE COON PUBLIC LIBRARY
    PO BOX 230
    PRINCETON,KY42445     		  PC FINANCIAL AID - DOLLY PARTON IMAGINATION LIBRARY PROGRAM 3,000
    CALDWELL COUNTY FOOD BANK CO CHRIST TABERNACLE CHURCH
    1839 US 62 W
    PRINCETON,KY42445     		  PC FINANCIAL AID - FOOD SUPPLIES 10,000
    PARENTS OF AUTISTIC CHILDREN TOGETHER (PACT OF PRINCETON INC)
    212 N PLUM
    PRINCETON,KY42445     		  PC FINANCIAL AID - SUMMER CAMP / PROGRAMING FOR FAMILIES 7,500
    CALDWELL COUNTY BOARD OF EDUCATION
    612 W WASHINGTON ST
    PRINCETON,KY42445     		  PC FINANCIAL AID - PE EQUIPMENT, LEGO ROBOTICS SUPPLIES, ARCHERY EQUIPMENT, ARTS & CULTURAL PERFORMANCES, SCHOOL SUPPLIES FOR FAMILY RESOURCE & YOUTH SERVICES CENTER, DRONE CLUB 27,591
    CREATE PRINCETON
    905 TURNBURY DR
    PRINCETON,KY42445     		  PC FINANCIAL AID - FUNDING FOR COMMUNITY ARTS PROGRAMS 7,014
    FREDONIA VALLEY HERITAGE SOCIETY
    109 CHRISTOPHER ROAD
    FREDONIA,KY42411     		  PC FINANCIAL AID - FREDONIA VETERAN'S MEMORIAL PARK 5,000
    VENTURING CREW BSA CREW 3002 CO FIRST CHRISTIAN CHURCH OF PRINCETON
    510 HOPKINSVILLE ST
    PRINCETON,KY42445     		  PC FINANCIAL AID - LEADERSHIP TRAINING AND COMMUNITY GARDEN 2,500
    WHERE NEW BEGINNINGS START MINISTRIES
    104 E COURT SQUARE
    PRINCETON,KY42445     		  PF FINANCIAL AID - SUBSIDIZE COUNSELING SERVICES 2,400
    A BRIGHTER FUTURE LEARNING CENTER
    307 W WASHINGTON ST
    PRINCETON,KY42445     		  PC FINANCIAL AID - EDUCATION PROGRAMS 2,960
    Total .................................bullet 3a 179,285
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 65  
    4 Dividends and interest from securities....     14 59,781  
    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 ............     		    18 108,962  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 168,808 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    168,808
    (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)
    Yes
     
    (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
    1a(1) 13,000 FREDONIA VALLEY RIDING CLUB FINANCIAL AID TO CONSTRUCT ANNOUNCER'S STAND ENCLOSURE AND ROPING CHUTES FOR COMMUNITY RIDING COMPETITIONS
    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 InvestmentsOtherSchedule2
    Name:
    ROBERT & EVELYN HEWLETT MORGAN
     
    FAMILY FOUNDATION INC
    EIN:
    61-1310243
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WP CAREY INC - 938 SHS FMV 36,821 66,204
    HIGHLANDS REIT INC - 5,054 SHS FMV 1,819 1,819
    INVENTRUST PROPERTIES CORP - 5,054 SHS FMV 20,854 14,606
    COLUMBIA STRATEGIC INCOME INSTL CL - 7,632.802 SHS FMV 180,379 188,301
    FIRST EAGLE GLOBAL CL I - 8,376.083 SHS FMV 451,134 515,632
    JPMORGAN LTD DURATION BOND CL I - 14,178.992 SHS FMV 142,972 144,484
    VIRTUS VONTOBEL EMERGING MARKET OPPTY CL I - 18,002.397 SHS FMV 181,166 239,072
    WELLS FARGO SPECIAL MID CAP VALUE INSTL CL - 16,020.441 SHS FMV 657,080 693,204
    WESTERN ASSET CORE BOND CL I - 10,728.236 SHS FMV 141,434 146,440
    ISHARES MORNINGSTAR LARGE CAP GROWTH ETF - 1,167.000 SHS FMV 323,446 338,290
    ISHARES S&P 500 VALUE ETF - 4,160.000 SHS FMV 484,204 532,563
    ISHARES US REAL ESTATE ETF - 1,784.000 SHS FMV 141,646 152,800
    ISHARES CORE S&P SMALL CAP ETF - 5,153 SHS FMV 385,133 473,561
    ISHARES MSCI EAFE MIN VOLATILITY FACTOR ETF - 3,231.000 SHS FMV 237,251 237,188

    TY 2020 OtherAssetsSchedule
    Name:
    ROBERT & EVELYN HEWLETT MORGAN
     
    FAMILY FOUNDATION INC
    EIN:
    61-1310243
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID EXCISE TAX 3,160 2,080 2,080


    TY 2020 OtherExpensesSchedule
    Name:
    ROBERT & EVELYN HEWLETT MORGAN
     
    FAMILY FOUNDATION INC
    EIN:
    61-1310243
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 631 0   631
    OFFICE SUPPLIES & EXPENSES 64 0   64
    SMALL FOUNDATION ASSN DUES 765 0   765
    MISCELLANEOUS EXPENSE 1 1   0


    TY 2020 OtherLiabilitiesSchedule
    Name:
    ROBERT & EVELYN HEWLETT MORGAN
     
    FAMILY FOUNDATION INC
    EIN:
    61-1310243
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAXES PAYABLE 488 488


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ROBERT & EVELYN HEWLETT MORGAN
     
    FAMILY FOUNDATION INC
    EIN:
    61-1310243
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MAINTENANCE FEES 13,309 13,309   0


    TY 2020 TaxesSchedule
    Name:
    ROBERT & EVELYN HEWLETT MORGAN
     
    FAMILY FOUNDATION INC
    EIN:
    61-1310243
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOUNDATION EXCISE TAX 2,796 0   0
    FOREIGN TAX PAID ON INVESTMENTS 669 669   0