TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
Donnie Williams Foundation Inc

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)101 Williamsport Circle
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Salisbury, MD21804

A Employer identification number

45-5442255

B Telephone number (see instructions)

(410) 749-5350

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$19,576,912J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	634		634
4	Dividends and interest from securities...	297,682		297,682
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-351,961
b	Gross sales price for all assets on line 6a 8,630,984
7	Capital gain net income (from Part IV, line 2)...			0
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).......		91,397	97,624
12	Total. Add lines 1 through 11........	37,752		395,940
13	Compensation of officers, directors, trustees, etc.	60,000				60,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		241,486	241,486	0	0
b	Accounting fees (attach schedule).......		27,623	22,679	0	4,944
c	Other professional fees (attach schedule)....		116,588	116,588
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		9,064	2,478
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	4,880		4,880
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		113,810	57,084		54,644
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	573,451		445,195	0	119,588
25	Contributions, gifts, grants paid.......	783,377				783,377
26	Total expenses and disbursements. Add lines 24 and 25	1,356,828		445,195	0	902,965
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,319,076
b	Net investment income (if negative, enter -0-)			0
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	764,521	532,336	532,336
	3	Accounts receivable
		Less: allowance for doubtful accounts	4,600
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts	300,000
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,254,004	670,650	666,879
	b	Investments—corporate stock (attach schedule).......	9,205,452	8,839,319	11,740,209
	c	Investments—corporate bonds (attach schedule).......	1,891,292	2,117,455	2,187,860
	11	Investments—land, buildings, and equipment: basis 1,027,000
		Less: accumulated depreciation (attach schedule)	1,027,000	1,027,000	507,000
	12	Investments—mortgage loans.............	726,430	646,735	558,323
	13	Investments—other (attach schedule)..........	2,446,976	2,467,704	3,384,305
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	17,620,275	16,301,199	19,576,912
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	17,620,275	16,301,199
	29	Total net assets or fund balances (see instructions).....	17,620,275	16,301,199
	30	Total liabilities and net assets/fund balances (see instructions).	17,620,275	16,301,199

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

17,620,275

Enter amount from Part I, line 27a .....................

-1,319,076

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

16,301,199

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

16,301,199

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	Publicly-traded Securities
b	Passthrough K1 Capital Gain/(Loss)
c	MORTGAGE REC - UNIVERSITY TOWNHOUSES, LLC	P	2011-01-01	2020-02-14
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8,557,627	8,909,445	-351,818
b			-17
c	73,357	73,483	-126
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-351,961
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	0
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	0
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	0
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	22,824
b	Exempt foreign organizations—tax withheld at source......	6b	0
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	22,824
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	22,824
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax22,824	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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-)
Allen Brown	Dir 1.0	12,000
101 Williamsport Circle Salisbury,MD21804	Dir 1.0	12,000
Mark Granger	Dir, Pres, Treas 4.0	12,000
101 Williamsport Circle Salisbury,MD21804	Dir, Pres, Treas 4.0	12,000
Greg Johnson	Dir 1.0	12,000
101 Williamsport Circle Salisbury,MD21804	Dir 1.0	12,000
Kenneth Kirk Kinnamon	Dir 1.0	12,000
101 Williamsport Circle Salisbury,MD21804	Dir 1.0	12,000
Kimberly Roemer	Dir, Sec 4.0	12,000
101 Williamsport Circle Salisbury,MD21804	Dir, Sec 4.0	12,000

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










Total number of other employees paid over $50,000...................

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
Morgan Stanley	Investment MGMT	116,586
1290 Ave of the Americas 12th FL NEW YORK,NY10104	Investment MGMT	116,586
Hanley & Grason LLC	legal	111,717
308 W Pennsylvania Avenue Towson,MD21204	legal	111,717
Crowley Hoge & Fein Pc	legal	66,639
1211 Connecticut Ave NW Suite 300 Washington,DC20036	legal	66,639
Foundation Source	Administrative	51,027
55 Walls Drive 3rd Fl Fairfield,CT06824	Administrative	51,027

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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

13,006,646

Average of monthly cash balances.......................

587,640

Fair market value of all other assets (see instructions)................

4,705,021

Total (add lines 1a, b, and c).........................

18,299,307

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

18,299,307

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

274,490

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

18,024,817

Minimum investment return. Enter 5% of line 5..................

901,241

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.)

Minimum investment return from Part X, line 6....................

901,241

Tax on investment income for 2020 from Part VI, line 5......

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

901,241

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

901,241

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

901,241

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

902,965

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

902,965

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

902,965

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7				901,241
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			44,045
b Total for prior years:2018, 2017, 2016
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........
4Qualifying distributions for 2020 from Part
XII, line 4: $ 902,965
a Applied to 2019, but not more than line 2a			44,045
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.....				858,920
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
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 ..........				42,321
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 ......		0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

GRANT APPLICATIONS TO
101 Williamsport Circle
Salisbury,MD21804
info@donniewilliamsfoundation.org

bThe form in which applications should be submitted and information and materials they should include:

http://donniewilliamsfoundation.org

cAny submission deadlines:

http://donniewilliamsfoundation.org

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

http://donniewilliamsfoundation.org

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ART LEAGUE OF OCEAN CITY INC PO BOX 3503 OCEAN CITY,MD21843	N/A	PC	Youth art programs	10,000
CHRISTIAN SHELTER INC 334 BARCLAY ST SALISBURY,MD21804	N/A	PC	Youth Mission - Mentoring & Enrichment	23,000
DELMARVA DISCOVERY CENTER & MUSEUM INC 2 MARKET ST POCOMOKE CITY,MD21851	N/A	PC	General & Unrestricted	20,000
DRAPER HOLDING CHARITABLE FOUNDATION INC 1729 N SALISBURY BLVD SALISBURY,MD21801	N/A	PC	Charitable Event	5,000
EASTERSEALS DELAWARE & MARYLANDS EASTERN SHORE INC 61 CORPORATE CIR NEW CASTLE,DE19720	N/A	PC	Salisbury Children's Therapy - Support of Therapist Position	20,000
EASTERSEALS DELAWARE & MARYLANDS EASTERN SHORE INC 61 CORPORATE CIR NEW CASTLE,DE19720	N/A	PC	Emergency Technology Needs	10,000
ELEVEN 21 INC 7545 LEVIN DASHIELL RD HEBRON,MD21830	N/A	PC	General & Unrestricted	50,000
GIRL SCOUTS OF THE CHESAPEAKE BAY COUNCIL INC 225 OLD BALTIMORE PIKE NEWARK,DE19702	N/A	PC	Girl Scout Leadership Experience	10,000
HOPE AND LIFE OUTREACH INC 701 SNOW HILL RD SALISBURY,MD21804	N/A	PC	Eagle Wings Expansion	61,340
JUNIOR ACHIEVEMENT OF THE EASTERN SHORE 327 TILGHMAN RD 100 SALISBURY,MD21804	N/A	PC	JA Finance Park Virtual	20,000
MAIN STREET GYM INC 101 WILLIAMSPORT CIR SALISBURY,MD21804	N/A	PC	Assistant Coach/ Youth Leader	30,000
OFF STREET SPORTS PERFORMANCE INC 709 BUCKINGHAM CIR SALISBURY,MD21804	N/A	PC	Off Street Sports Performance	20,000
ROTARY CLUB OF SALISBURY FOUNDATION INC PO BOX 735 SALISBURY,MD21803	N/A	PC	3 Point Initiative	7,000
ROTARY CLUB OF SALISBURY FOUNDATION INC PO BOX 735 SALISBURY,MD21803	N/A	PC	General & Unrestricted	7,000
SALISBURY URBAN MINISTRIES PO BOX 1792 SALISBURY,MD21802	N/A	PC	Salisbury Urban Ministries Kid's Cafe	20,000
SALVATION ARMY 407 OAK ST SALISBURY,MD21804	N/A	PC	Summer Day Camp	10,000
ST MARYS RYKEN INC 22600 CAMP CALVERT RD LEONARDTOWN,MD20650	N/A	PC	General & Unrestricted	300,000
THE CHILD & FAMILY FOUNDATION INC 200 W MAIN ST SALISBURY,MD21801	N/A	PC	1 Year to Empowerment	20,000
UNITED WAY OF THE LOWER EASTERN SHORE INC 803 N SALISBURY BLVD STE 2100 SALISBURY,MD21801	N/A	PC	Imagination Library	25,000
UNITED WAY OF THE LOWER EASTERN SHORE INC 803 N SALISBURY BLVD STE 2100 SALISBURY,MD21801	N/A	PC	General & Unrestricted	1,200
VILLAGE OF HOPE INC 1001 LAKE ST SALISBURY,MD21801	N/A	PC	Empowering Children's Project	16,444
WICOMICO COUNTY 500 GLEN AVE SALISBURY,MD21804	N/A	GOV	Inclusive Playground Project	20,000
WICOMICO COUNTY BOARD OF EDUCATION 900 MOUNT HERMON RD SALISBURY,MD21802	N/A	GOV	Rhythm and Roots equipment trailer	3,195
WICOMICO COUNTY BOARD OF EDUCATION Pinehurst Elem ATTN MR GARY C GREEN PO BOX SALISBURY,MD21804	N/A	PC	Student Wellness Bags	3,400
WICOMICO COUNTY BOARD OF EDUCATION Pinehurst Elem ATTN MR GARY C GREEN PO BOX SALISBURY,MD21804	N/A	PC	Laptops for 2020 Seniors	20,432
WICOMICO COUNTY BOARD OF EDUCATION Pinehurst Elem ATTN MR GARY C GREEN PO BOX SALISBURY,MD21804	N/A	PC	English for Speakers of Other Languages (ESOL) Community Liaison	32,595
WORCESTER COUNTY BOARD OF EDUCATION 6270 WORCESTER HWY NEWARK,MD21841	N/A	GOV	ExCEL and Academy 100 STEM Programs	10,771
WORCESTER COUNTY G O L D INC 299 COMMERCE ST SNOW HILL,MD21863	N/A	PC	Summer Activities for At-Risk Youth	7,000
Total ................................. 3a				783,377

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	634
4 Dividends and interest from securities....			14	297,682
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	-351,961
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss	525990	-6,227	14	65,492
bINTEREST INCOME FROM NOTES			14	7,475
cINTEREST INCOME FROM MORTGAGE RECEIVABLE			14	24,656
dBANK FEE REFUND			01	1
e
12 Subtotal. Add columns (b), (d), and (e)..		-6,227		43,979

13Total. Add line 12, columns (b), (d), and (e)..................

37,752

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	27,623	22,679		4,944

- TIN:

TY 2020 CompensationExplanation

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Person Name	Explanation
Mark Granger	*Mark Granger, Director/President/Treasurer of Donnie Williams Foundation Inc. (the "Foundation"), is a partner at the accounting firm of Granger & Magee PA, a disqualified person which provides accounting services to the Foundation. During the taxable year ending December 31, 2020, the Foundation paid $20,544 for accounting services rendered by such disqualified person as reported in Form 990-PF, Part I, Line 16b. Such accounting firm billed the Foundation at or below the rate it charges its other clients.
Kenneth Kirk Kinnamon	*Kenneth Kirk Kinnamon, Director of Donnie Williams Foundation, Inc. (The "Foundation") is an owner at the construction firm of Kirk Kinnamon Construction, a disqualified person which provides property management services to the Foundation. During the taxable year ending December 31, 2020, the foundation paid $5,395 for property management services rendered by such disqualified person as reported in Form 990-PF, Part I, Line 16c. Such property management firm billed the foundation at or below market rate.

Person Name

Explanation

Mark Granger

*Mark Granger, Director/President/Treasurer of Donnie Williams Foundation Inc. (the "Foundation"), is a partner at the accounting firm of Granger & Magee PA, a disqualified person which provides accounting services to the Foundation. During the taxable year ending December 31, 2020, the Foundation paid $20,544 for accounting services rendered by such disqualified person as reported in Form 990-PF, Part I, Line 16b. Such accounting firm billed the Foundation at or below the rate it charges its other clients.

Kenneth Kirk Kinnamon

*Kenneth Kirk Kinnamon, Director of Donnie Williams Foundation, Inc. (The "Foundation") is an owner at the construction firm of Kirk Kinnamon Construction, a disqualified person which provides property management services to the Foundation. During the taxable year ending December 31, 2020, the foundation paid $5,395 for property management services rendered by such disqualified person as reported in Form 990-PF, Part I, Line 16c. Such property management firm billed the foundation at or below market rate.

- TIN:

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

TY 2020 DepreciationSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Description of Property	Cost or Other Basis	Computation Method
PARCEL #13-061726	7,000	L
PARCEL #16-002836	157,129	L
PARCEL #16-002844	7,990	L
PARCEL #16-002852	7,990	L
PARCEL #16-002860	7,990	L
PARCEL #16-002879	7,990	L
PARCEL #16-002887	7,990	L
PARCEL #16-002895	7,990	L
PARCEL #16-002909	7,990	L
PARCEL #16-002917	21,305	L
PARCEL #16-003522	2,663	L
PARCEL #16-003530	3,995	L
PARCEL #16-003549	2,663	L
PARCEL #16-003557	3,995	L
PARCEL #16-003565	3,995	L
PARCEL #16-006858	15,979	L
PARCEL #16-006866	15,979	L
PARCEL #16-006874	11,984	L
PARCEL #16-007935	3,995	L
PARCEL #16-007943	3,995	L
PARCEL #16-007951	3,995	L
PARCEL #16-007978	3,995	L
PARCEL #16-007986	3,995	L
PARCEL #16-007994	3,995	L
PARCEL #16-008168	2,663	L
PARCEL #16-008184	2,663	L
PARCEL #16-008206	2,663	L
PARCEL #16-008214	1,332	L
PARCEL #16-008222	2,663	L
PARCEL #16-008230	2,663	L
PARCEL #16-008249	2,663	L
PARCEL #16-008257	2,663	L
PARCEL #16-008265	2,663	L
PARCEL #16-008273	2,663	L
PARCEL #16-008281	2,663	L
PARCEL #16-008303	2,663	L
PARCEL #16-008311	2,663	L
PARCEL #16-008338	2,663	L
PARCEL #16-008346	2,663	L
PARCEL #16-008354	2,663	L
PARCEL #16-008362	2,663	L
PARCEL #16-008370	2,663	L
PARCEL #16-008389	2,663	L
PARCEL #16-008397	2,663	L
PARCEL #16-008400	2,663	L
PARCEL #16-008419	2,663	L
PARCEL #16-008427	2,663	L
PARCEL #16-008435	2,663	L
PARCEL #16-008443	2,663	L
PARCEL #16-008451	2,663	L
PARCEL #16-008478	2,663	L
PARCEL #16-008486	2,663	L
PARCEL #16-008494	2,663	L
PARCEL #16-008508	2,663	L
PARCEL #16-008516	2,663	L
PARCEL #16-008524	2,663	L
PARCEL #16-008532	3,995	L
PARCEL #16-008540	3,995	L
PARCEL #16-016276	13,316	L
PARCEL #16-016365	21,305	L
PARCEL #16-016373	2,663	L
PARCEL #16-016381	2,663	L
PARCEL #16-016403	2,663	L
PARCEL #16-016411	2,663	L
PARCEL #16-016438	2,663	L
PARCEL #16-016446	2,663	L
PARCEL #16-016454	2,663	L
PARCEL #16-016462	2,663	L
PARCEL #16-016470	2,663	L
PARCEL #16-016500	2,663	L
PARCEL #16-016527	2,663	L
PARCEL #16-016543	2,663	L
PARCEL #16-016578	2,663	L
PARCEL #16-016594	2,663	L
PARCEL #16-016616	2,663	L
PARCEL #16-016632	2,663	L
PARCEL #16-016659	2,663	L
PARCEL #16-016675	2,663	L
PARCEL #16-016691	2,663	L
PARCEL #16-016713	3,995	L
PARCEL #16-016721	3,995	L
PARCEL #16-016748	5,326	L
PARCEL #16-016756	5,326	L
PARCEL #16-016764	7,990	L
PARCEL #16-016772	5,326	L
PARCEL #16-016780	5,326	L
PARCEL #16-016799	5,326	L
PARCEL #16-016802	5,326	L
PARCEL #16-016810	6,658	L
PARCEL #16-016829	6,658	L
PARCEL #16-016837	6,658	L
PARCEL #16-016845	6,658	L
PARCEL #16-016853	6,658	L
PARCEL #16-016861	6,658	L
PARCEL #16-016888	6,658	L
PARCEL #16-016896	6,658	L
PARCEL #16-016918	7,990	L
PARCEL #16-016926	7,990	L
PARCEL #16-016934	7,990	L
PARCEL #16-016942	7,990	L
PARCEL #16-016950	7,990	L
PARCEL #16-018376	173,108	L
PARCEL #16-020559	9,321	L
PARCEL #16-020567	11,984	L
PARCEL #16-027332	5,326	L
PARCEL #16-028800	54,596	L
PARCEL #16-028819	59,923	L
PARCEL #16-028827	67,912	L

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ALBEMARLE CORP - 4.150% - 12/0	106,890	110,914
ALLY FINL - 5.125% - 09/30/202	52,562	57,642
ALLY FINL INC - 3.050% - 06/05	50,614	52,720
BARCLAYS BANK PLC - 6.650% - 1	98,969	96,390
BARCLAYS BANK PLC - 9.750% - 0	98,564	97,320
CAPITAL ONE FINL CORP - 3.200%	96,692	105,360
CREDIT SUISSE NEW YORK BRANCH	199,999	192,659
GENL MOTORS FINL CO INC - 4.25	103,600	107,777
GOLDMAN SACHS GROUP INC - 4.00	104,517	110,497
GOODYEAR TIRE & RUBR - 5.000%	102,250	102,250
GS FIN CORP - 0.000% - 02/24/2	100,000	100,670
GS FIN CORP - 0.000% - 04/04/2	100,000	102,991
HUNTINGTON BANCSHARES INC BOND	50,255	50,250
KRAFT HEINZ FOODS - 3.000% - 0	102,181	104,427
MICRON TECHNOLOGY INC - 4.185%	75,476	87,792
NEXTERA ENERGY CAP HLDGS INC -	53,445	50,326
PSEC PWR LLC SR NT - 4.300% -	76,885	81,915
THOMSON REUTERS CORP NT - 4.30	130,127	137,015
UNITED RENTALS INC - 3.875% -	51,025	52,453
VERIZON COMMUNICATIONS INC - 4	52,038	55,328
WALGREENS BOOTS ALLIANCE - 3.4	103,229	110,600
WELLS FARGO & CO - 3.000% - 10	105,200	110,797
WHIRLPOOL CORP SR NT - 4.000%	102,937	109,767

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	226,739	245,230
ABBVIE INC	40,245	48,432
ADOBE SYSTEMS, INC	234,702	346,583
AIR LEASE CORP - PFD CLASS A	48,152	52,400
ALPHABET INC CL A	318,739	361,044
AMAZON COM	382,215	596,018
AMGEN INC	40,305	37,477
APPLE INC	347,527	678,443
AT&T, INC	77,152	75,380
BERKSHIRE HATHAWAY INC. CLASS	235,054	283,345
BROADCOM INC	334,962	470,251
CAPITAL ONE FINCL CORP 5.000%	50,548	53,180
CAPITAL ONE FINL DS REPRESENTI	24,910	26,000
CHEVRON CORP	16,503	15,961
CITI BANK PFD 5.625%	51,014	53,520
CITIGROUP INC PFD SER D - 6.87	28,290	28,710
COSTAR GROUP, INC	83,872	117,384
COSTCO WHOLESALE CORPORATION	105,069	141,293
DELTA AIR LINES INC	318,762	381,432
FACEBOOK INC	364,272	573,090
FIRST REPUBLIC BANK PFD SER I	27,572	27,680
GRACO INC	262,026	337,513
HIGHLAND INCOME FUND	50,877	52,480
HOME DEPOT INC	219,892	314,228
HONEYWELL INTL	42,320	52,962
HORMEL FOODS CP	76,802	79,936
INTUIT	72,763	104,079
INTUITIVE SURGICAL	43,086	58,085
JOHNSON & JOHNSON	326,541	375,509
JP MORGAN CHASE	374,248	468,380
KEYCORP PFD SER G DRC	27,681	27,890
MEDTRONIC PLC	35,194	39,710
MERCHANTS BANCORP IND 6.000% P	49,140	53,100
MICRON TECHNOLOGY	175,684	346,204
MICROSOFT CORP	427,966	582,740
MS PARTICIPATION SEC. W/ MIN R	200,000	239,800
MSCI INC	81,138	140,657
NETFLIX INC	50,579	70,836
NIKE INC-CL B	81,553	112,044
NVIDIA CORP	185,131	195,825
OLD DOMINION FREIGHT LINES	191,044	365,767
PACCAR INC	126,861	157,979
PACKAGING CORP AMER	75,290	92,813
PALANTIR TECHNOLOGIES INC	103,849	139,887
PAYPAL HOLDINGS, INC	74,209	94,851
PROCTER GAMBLE CO	117,780	149,854
REPUBLIC SVCS INC	85,136	90,137
S&P GLOBAL INC COM	81,745	118,014
SALESFORCE.COM	185,512	170,235
STARBUCKS CORP COM	209,343	278,362
SYNCHRONY FINANCIAL 5.625% A	49,997	53,400
UBER	46,051	62,883
UNITEDHEALTH GROUP INC	102,861	128,700
VANGUARD SMALL-CAP VALUE ETF	308,892	335,616
VERISIGN INC	139,275	240,853
VERIZON COMMUNICATIONS	247,097	258,089
VERTEX PHARMCTLS INC	170,416	233,504
VISA INC	76,518	91,429
WAL-MART STORES INC	74,733	99,031
WALT DISNEY HOLDINGS CO	68,338	91,496
WELLS FARGO COMPANY PREFERRED	51,074	52,840
ZOETIS INC	114,073	169,638

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

State & Local Government Securities - End of Year Book Value:

670,650

State & Local Government Securities - End of Year Fair Market Value:

666,879

- TIN:

TY 2020 InvestmentsLandSchedule2

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category/ Item	Cost/Other Basis	Book Value	End of Year Fair Market Value
PARCEL #13-061726	7,000	7,000	7,000
PARCEL #16-002836	157,129	157,129	157,129
PARCEL #16-002844	7,990	7,990	7,990
PARCEL #16-002852	7,990	7,990	7,990
PARCEL #16-002860	7,990	7,990	7,990
PARCEL #16-002879	7,990	7,990	7,990
PARCEL #16-002887	7,990	7,990	7,990
PARCEL #16-002895	7,990	7,990	7,990
PARCEL #16-002909	7,990	7,990	7,990
PARCEL #16-002917	21,305	21,305	21,305
PARCEL #16-003522	2,663	2,663	2,663
PARCEL #16-003530	3,995	3,995	3,995
PARCEL #16-003549	2,663	2,663	2,663
PARCEL #16-003557	3,995	3,995	3,995
PARCEL #16-003565	3,995	3,995	3,995
PARCEL #16-006858	15,979	15,979	15,979
PARCEL #16-006866	15,979	15,979	15,979
PARCEL #16-006874	11,984	11,984	11,984
PARCEL #16-007935	3,995	3,995	3,995
PARCEL #16-007943	3,995	3,995	3,995
PARCEL #16-007951	3,995	3,995	3,995
PARCEL #16-007978	3,995	3,995	3,995
PARCEL #16-007986	3,995	3,995	3,995
PARCEL #16-007994	3,995	3,995	3,995
PARCEL #16-008168	2,663	2,663	2,663
PARCEL #16-008184	2,663	2,663	2,663
PARCEL #16-008206	2,663	2,663	2,663
PARCEL #16-008214	1,332	1,332	1,332
PARCEL #16-008222	2,663	2,663	2,663
PARCEL #16-008230	2,663	2,663	2,663
PARCEL #16-008249	2,663	2,663	2,663
PARCEL #16-008257	2,663	2,663	2,663
PARCEL #16-008265	2,663	2,663	2,663
PARCEL #16-008273	2,663	2,663	2,663
PARCEL #16-008281	2,663	2,663	2,663
PARCEL #16-008303	2,663	2,663	2,663
PARCEL #16-008311	2,663	2,663	2,663
PARCEL #16-008338	2,663	2,663	2,663
PARCEL #16-008346	2,663	2,663	2,663
PARCEL #16-008354	2,663	2,663	2,663
PARCEL #16-008362	2,663	2,663	2,663
PARCEL #16-008370	2,663	2,663	2,663
PARCEL #16-008389	2,663	2,663	2,663
PARCEL #16-008397	2,663	2,663	2,663
PARCEL #16-008400	2,663	2,663	2,663
PARCEL #16-008419	2,663	2,663	2,663
PARCEL #16-008427	2,663	2,663	2,663
PARCEL #16-008435	2,663	2,663	2,663
PARCEL #16-008443	2,663	2,663	2,663
PARCEL #16-008451	2,663	2,663	2,663
PARCEL #16-008478	2,663	2,663	2,663
PARCEL #16-008486	2,663	2,663	2,663
PARCEL #16-008494	2,663	2,663	2,663
PARCEL #16-008508	2,663	2,663	2,663
PARCEL #16-008516	2,663	2,663	2,663
PARCEL #16-008524	2,663	2,663	2,663
PARCEL #16-008532	3,995	3,995	3,995
PARCEL #16-008540	3,995	3,995	3,995
PARCEL #16-016276	13,316	13,316	13,316
PARCEL #16-016365	21,305	21,305	21,305
PARCEL #16-016373	2,663	2,663	2,663
PARCEL #16-016381	2,663	2,663	2,663
PARCEL #16-016403	2,663	2,663	2,663
PARCEL #16-016411	2,663	2,663	2,663
PARCEL #16-016438	2,663	2,663	2,663
PARCEL #16-016446	2,663	2,663	2,663
PARCEL #16-016454	2,663	2,663	2,663
PARCEL #16-016462	2,663	2,663	2,663
PARCEL #16-016470	2,663	2,663	2,663
PARCEL #16-016500	2,663	2,663	2,663
PARCEL #16-016527	2,663	2,663	2,663
PARCEL #16-016543	2,663	2,663	2,663
PARCEL #16-016578	2,663	2,663	2,663
PARCEL #16-016594	2,663	2,663	2,663
PARCEL #16-016616	2,663	2,663	2,663
PARCEL #16-016632	2,663	2,663	2,663
PARCEL #16-016659	2,663	2,663	2,663
PARCEL #16-016675	2,663	2,663	2,663
PARCEL #16-016691	2,663	2,663	2,663
PARCEL #16-016713	3,995	3,995	3,995
PARCEL #16-016721	3,995	3,995	3,995
PARCEL #16-016748	5,326	5,326	5,326
PARCEL #16-016756	5,326	5,326	5,326
PARCEL #16-016764	7,990	7,990	7,990
PARCEL #16-016772	5,326	5,326	5,326
PARCEL #16-016780	5,326	5,326	5,326
PARCEL #16-016799	5,326	5,326	5,326
PARCEL #16-016802	5,326	5,326	5,326
PARCEL #16-016810	6,658	6,658	6,658
PARCEL #16-016829	6,658	6,658	6,658
PARCEL #16-016837	6,658	6,658	6,658
PARCEL #16-016845	6,658	6,658	6,658
PARCEL #16-016853	6,658	6,658	6,658
PARCEL #16-016861	6,658	6,658	6,658
PARCEL #16-016888	6,658	6,658	6,658
PARCEL #16-016896	6,658	6,658	6,658
PARCEL #16-016918	7,990	7,990	7,990
PARCEL #16-016926	7,990	7,990	7,990
PARCEL #16-016934	7,990	7,990	7,990
PARCEL #16-016942	7,990	7,990	7,990
PARCEL #16-016950	7,990	7,990	7,990
PARCEL #16-018376	173,108	173,108	173,108
PARCEL #16-020559	9,321	9,321	9,321
PARCEL #16-020567	11,984	11,984	11,984
PARCEL #16-027332	5,326	5,326	5,326
PARCEL #16-028800	54,596	54,596	54,596
PARCEL #16-028819	59,923	59,923	59,923
PARCEL #16-028827	67,912	67,912	67,912

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category/ Item	Book Value	End of Year Fair Market Value
ATLANTIC UNION BANKSHARES	759	43
CAMDEN LANDING LLC	1	1
HSB BANCORP INC	105,425	118,076
MILLENIUM INTL LTD CLASS HH-C	1,000,000	1,229,267
Z CAPITAL PARTNERS II-A, L.P	1,361,519	2,036,918

- TIN:

TY 2020 LegalFeesSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Document Review/Drafting	24,393	24,393
General Consultations	217,093	217,093

- TIN:

TY 2020 OtherExpensesSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	51,027		51,027
WEBSITE HOSTING/SUPPORT	540		540
INDEMNIFICATION INSURANCE	2,900		2,900
K-1 Exp Z CAPITAL PARTNERS II-	53,049	50,967
Postage/Delivery Service	177		177
Property insurance	722	722
Property Maintenance	5,395	5,395

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss Z CAPITAL PARTNERS II-A, L.P	59,265	65,492
Interest Income from Notes	7,475	7,475
Interest Income from Mortgage Receivable	24,656	24,656
bank fee refund	1	1

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	116,588	116,588

- TIN:

TY 2020 TaxesSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2020	4,300
990-PF Extension for 2019	2,286
PROPERTY TAXES	2,478	2,478