Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
The Mitchell Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 311
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
McLean, VA221010311
A Employer identification number

54-1852192
B Telephone number (see instructions)

(703) 759-4258
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$4,879,521J 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) 595,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 85 85  
4 Dividends and interest from securities... 172,159 172,159  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -21,613
b Gross sales price for all assets on line 6a 1,785,088
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).......      
12 Total. Add lines 1 through 11........ 745,631 172,244  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,570 2,785   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,940 1,440   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 21,504 19,712   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 34,014 23,937   0
25 Contributions, gifts, grants paid....... 230,000 230,000
26 Total expenses and disbursements. Add lines 24 and 25 264,014 23,937   230,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 481,617
b Net investment income (if negative, enter -0-) 148,307
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............. 95,090 53,346 53,346
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) 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)....... 4,617,201 Click to see attachment5,144,088 4,826,175
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,712,291 5,197,434 4,879,521
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 attachment0 Click to see attachment3,526
23 Total liabilities (add lines 17 through 22)......... 0 3,526
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........... 4,712,291 5,193,908
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 4,712,291 5,193,908
30 Total liabilities and net assets/fund balances (see instructions). 4,712,291 5,197,434
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
4,712,291
2
Enter amount from Part I, line 27a .....................
2
481,617
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,193,908
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
5,193,908
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 AT&T INC CUSIP 00206R102 Symbol T      
b AT&T INC CUSIP 00206R102 Symbol T      
c AT&T INC CUSIP 00206R102 Symbol T      
d CALL GLW MAY 23 EXP 05/15/20 CUSIP Symbol GLW05/15/20 C 23 000      
e CALL BAC NOV 28 EXP 11/20/20 CUSIP Symbol BAC 11/20/20 C 28 000      
CALL BAC JUL 28 EXP 07/17/20 CUSIP Symbol BAC 07/17/20 C 28 000      
CALL BAC OCT 28 EXP 10/16/20 CUSIP Symbol BAC 10/16/20 C 28 000      
CALL GPC AUG 95 EXP 08/21/20 CUSIP Symbol GPC 08/21/20 C 95 000      
CALL JPM APR 115 EXP 04/17/20 CUSIP Symbol JPM 04/17/20 C 115 000      
CALL JPM FEB 137 EXP 02/21/20 CUSIP Symbol JPM 02/21/20 C 137 000      
CALL JPM APR 102 EXP 04/17/20 CUSIP Symbol JPM 04/17/20 C 102 000      
CALL JPM MAY 105 EXP 05/15/20 CUSIP Symbol JPM 05/15/20 C 105 000      
CALL MRKJAN 93 EXP 01/17/20 CUSIP Symbol MRK 01/17/20 C 93 000      
CALL XOM NOV 38 EXP 11/20/20 CUSIP Symbol XOM 11/20/20 C 38 000      
ALTRIA GROUP INC CUSIP 02209S103 Symbol MO      
CALL PM AUG 80 EXP 08/21/20 CUSIP Symbol PM 08/21/20 C 80 000      
CALL PM OCT 80 EXP 10/16/20 CUSIP Symbol PM 10/16/20 C 80 000      
ARCHER DANIELS MIDLAND CO CUSIP XXX-XX-XXXX Symbol ADM      
BK OF AMERICA CORP CUSIP XXX-XX-XXXX Symbol BAC      
CALL PFE DEC 45 EXP 12/18/20 CUSIP Symbol PFE 12/18/20 C 45 000      
CALL INTC JAN 61 EXP 01/17/20 CUSIP Symbol INTC 01/17/20 C 61 000      
CALL INTC FEB 69 EXP 02/21/20 CUSIP Symbol INTC 02/21/20 C 69 000      
CALL INTC JUN 63 EXP 06/19/20 CUSIP Symbol INTC 06/19/20 C 63 000      
CALL MS JUN 50 EXP 06/19/20 CUSIP Symbol MS 06/19/20 C 50 000      
CALL XOM DEC 45 EXP 12/18/20 CUSIP Symbol XOM 12/18/20 C 45 000      
CALL WBA OCT 40 EXP 10/16/20 CUSIP Symbol WBA 10/16/20 C 40 000      
CALL CSCO JUL 47 5 EXP 07/17/20 CUSIP Symbol CSCO 07/17/20 C 47 500      
CALL CSCO FEB 50 EXP 02/21/20 CUSIP Symbol CSCO 02/21/20 C 50 000      
CALL JNJ MAY 160 EXP 05/15/20 CUSIP Symbol JNJ 05/15/20 C 160000      
CALL JNJ MAR 149 EXP 03/20/20 CUSIP Symbol JNJ 03/20/20 C 149 000      
CALL LOW MAY 115 EXP 05/15/20 CUSIP Symbol LOW 05/15/20 C 115 000      
CALL WBA JAN 62 5 EXP 01/17/20 CUSIP Symbol WBA 01/17/20 C 62 500      
CHEVRON CORP NEW/ CUSIP XXX-XX-XXXX Symbol CVX      
CITIGROUP INC COM NEW/ CUSIP XXX-XX-XXXX Symbol C      
CALL WBA JUL 48 EXP 07/17/20 CUSIP Symbol WBA 07/17/20 C 48 000      
CONAGRA BRANDS INC/CUSIP XXX-XX-XXXX Symbol CAG      
CONAGRA BRANDS INC/CUSIP XXX-XX-XXXX Symbol CAG      
CONAGRA BRANDS INC/CUSIP XXX-XX-XXXX Symbol CAG      
CONOCOPHILLIPS CUSIP 20825C104 Symbol COP      
CONOCOPHILLIPS CUSIP 20825C104 Symbol COP (contd)      
CALL JPM SEP 110 EXP 09/18/20 CUSIP Symbol JPM 09/18/20 C 110 000      
CALL DOW JUL 46 EXP 07/17/20 CUSIP Symbol DOW07/17/20 C 46 000      
CALL DOW OCT 51 EXP 10/16/20 CUSIP Symbol DOW 10/16/20 C 51 000      
CALL MO MAR 45 EXP 03/20/20 CUSIP Symbol MO 03/20/20 C 45 000      
CALL PFE SEP 40 EXP 09/18/20 CUSIP Symbol PFE 09/18/20 C 40 000      
CALL PM FEB 90 EXP 02/21/20 CUSIP Symbol PM 02/21/20 C 90 000      
CALL PM FEB 91 EXP 02/21/20 CUSIP Symbol PM 02/21/20 C 91 000      
CALL PM SEP 82 5 EXP 09/18/20 CUSIP Symbol PM 09/18/20 C 82 500      
CALL BAC MAY 26 EXP 05/15/20 CUSIP Symbol BAC 05/15/20 C 26 000      
CALL BAC APR 26 EXP 04/17/20 CUSIP Symbol BAC 04/17/20 C 26 000      
CALL BAC JAN 36 5 EXP 01/17/20 CUSIP Symbol BAC 01/17/20 C 36 500      
CALL BAC AUG 26 EXP 08/21/20 CUSIP Symbol BAC 08/21/20 C 26 000      
CORNING INC CUSIP XXX-XX-XXXX Symbol GLW      
CORNING INC CUSIP XXX-XX-XXXX Symbol GLW      
CORNING INC CUSIP XXX-XX-XXXX Symbol GLW      
DOW INC CUSIP XXX-XX-XXXX Symbol DOW      
DOW INC CUSIP XXX-XX-XXXX Symbol DOW (contd)      
DOW INC CUSIP XXX-XX-XXXX Symbol DOW (contd)      
DUKE ENERGY CORP NEW COM NEW CUSIP 26441C204 Symbol DUK      
DUKE ENERGY CORP NEW COM NEW CUSIP 26441C204 Symbol DUK      
DUKE ENERGY CORP NEW COM NEW CUSIP 26441C204 Symbol DUK      
DUPONT DE NEMOURS INC CUSIP 26614N102 Symbol DD      
CALL PPL JUL 29 EXP 07/17/20 CUSIP Symbol PPL 07/17/20 C 29 000      
CALL PPL FEB 37 EXP 02/21/20 CUSIP Symbol PPL 02/21/20 C 37 000      
CALL INTC SEP 56 EXP 09/18/20 CUSIP Symbol INTC 09/18/20 C 56 000      
CALL JPM OCT 104 EXP 10/16/20 CUSIP Symbol JPM 10/16/20 C 104 000      
CALL DOW JAN 57 EXP 01/17/20 CUSIP Symbol DOW 01/17/20 C 57 000      
CALL DOW FEB 50 EXP 02/21/20 CUSIP Symbol DOW 02/21/20 C 50 000      
CALL DOW APR 37 EXP 04/17/20 CUSIP Symbol DOW 04/17/20 C 37 000      
GENERAL MLS INC CUSIP XXX-XX-XXXX Symbol GIS      
GENUINE PARTS CO CUSIP XXX-XX-XXXX Symbol GPC      
GENUINE PARTS CO CUSIP XXX-XX-XXXX Symbol GPC      
CALL PEAK OCT 31 EXP 10/16/20 CUSIP Symbol PEAK 10/16/20 C 31 000      
CALL COP AUG 45 EXP 08/21/20 CUSIP Symbol COP 08/21/20 C 45 000      
CALL GIS MAR 55 EXP 03/20/20 CUSIP Symbol GIS 03/20/20 C 55 000      
CALL GIS MAY 62 5 EXP 05/15/20 CUSIP Symbol GIS 05/15/20 C 62 500      
CALL GIS JUN 65 EXP 06/19/20 CUSIP Symbol GIS 06/19/20 C 65 000      
CALL GIS AUG 67 5 EXP 08/21/20 CUSIP Symbol GIS 08/21/20 C 67 500      
CALL GIS NOV 65 EXP 11/20/20 CUSIP Symbol GIS 11/20/20 C 65 000      
CALL MO MAY 43 EXP 05/15/20 CUSIP Symbol MO 05/15/20 C 43 000      
CALL WELL SEP 60 EXP 09/18/20 CUSIP Symbol WELL 09/18/20 C 60 000      
CALL WELL DEC 70 EXP 12/18/20 CUSIP Symbol WELL 12/18/20 C 70 000      
CALL WELL OCT 57 5 EXP 10/16/20 CUSIP Symbol WELL 10/16/20 C 57 500      
CALL WELL NOV 67 5 EXP 11/20/20 CUSIP Symbol WELL 11/20/20 C 67 500      
CALL XOM OCT 40 EXP 10/16/20 CUSIP Symbol XOM 10/16/20 C 40 000      
CALLTFCJUN 42 5 EXP 06/19/20 CUSIP Symbol TFC 06/19/20 C 42 500      
CALL TFC DEC 50 EXP 12/18/20 CUSIP Symbol TFC 12/18/20 C 50 000      
HEALTHPEAK PROPERTIES INC REIT CUSIP 42250P103 Symbol PEAK      
INTEL CORP CUSIP XXX-XX-XXXX Symbol INTC      
INTEL CORP CUSIP XXX-XX-XXXX Symbol INTC      
INTEL CORP CUSIP XXX-XX-XXXX Symbol INTC      
JPMORGAN CHASE & CO COM CUSIP 46625H100 Symbol JPM      
JPMORGAN CHASE & CO COM CUSIP 46625H100 Symbol JPM      
JOHNSON & JOHNSON CUSIP XXX-XX-XXXX Symbol JNJ      
JOHNSON & JOHNSON CUSIP XXX-XX-XXXX Symbol JNJ      
CALLTFCJAN 57 5 EXP 01/17/20 CUSIP Symbol TFC 01/17/20 C 57 500      
CALL TFC MAR 55 EXP 03/20/20 CUSIP Symbol TFC 03/20/20 C 55 000      
CALL DD OCT 65 EXP 10/16/20 CUSIP Symbol DD 10/16/20 C 65 000      
CALL DD MAY 47 5 EXP 05/15/20 CUSIP Symbol DD 05/15/20 C 47 500      
CALL DD MAY 50 EXP 05/15/20 CUSIP Symbol DD 05/15/20 C 50 000      
CALL CAG MAY 34 5 EXP 05/15/20 CUSIP Symbol CAG 05/15/20 C 34 500      
CALL CAG DEC 37 EXP 12/18/20 CUSIP Symbol CAG 12/18/20 C 37 000      
CALL CAG AUG 39 EXP 08/21/20 CUSIP Symbol CAG 08/21/20 C 39 000      
CALL MDT MAY 104 EXP 05/15/20 CUSIP Symbol MDT 05/15/20 C 104000      
CALL MDT AUG 103 EXP 08/21/20 CUSIP Symbol MDT 08/21/20 C 103 000      
CALL MDT NOV 117 EXP 11/20/20 CUSIP Symbol MDT 11/20/20 C 117 000      
CALL JCI MAY 31 EXP 05/15/20 CUSIP Symbol JCI 05/15/20 C 31 000      
LOWES COS INC CUSIP XXX-XX-XXXX Symbol LOW      
LOWES COS INC CUSIP XXX-XX-XXXX Symbol LOW      
LOWES COS INC CUSIP XXX-XX-XXXX Symbol LOW      
LOWES COS INC CUSIP XXX-XX-XXXX Symbol LOW      
CALL ADM JAN 47 EXP 01/17/20 CUSIP Symbol ADM 01/17/20 C 47 000      
MERCK & CO INC CUSIP 58933Y105 Symbol MRK      
CALL GPC DEC 100 EXP 12/18/20 CUSIP Symbol GPC 12/18/20 C 100 000      
CALL WBA JUN 45 EXP 06/19/20 CUSIP Symbol WBA 06/19/20 C 45 000      
CALL WBA APR 50 EXP 04/17/20 CUSIP Symbol WBA 04/17/20 C 50 000      
CALLJPMJUN 98 EXP 06/19/20 CUSIP Symbol JPM 06/19/20 C 98 000      
CALL JPM AUG 110 EXP 08/21/20 CUSIP Symbol JPM 08/21/20 C 110000      
CALL GPC NOV 100 EXP 11/20/20 CUSIP Symbol GPC 11/20/20 C 100 000      
CALL GPC JUL 95 EXP 07/17/20 CUSIP Symbol GPC 07/17/20 C 95 000      
CALL T MAR 39 EXP 03/20/20 CUSIP Symbol T 03/20/20 C 39 000      
CALLMDTJUN 105 EXP 06/19/20 CUSIP Symbol MDT 06/19/20 C 105 000      
CALL MS SEP 55 EXP 09/18/20 CUSIP Symbol MS 09/18/20 C 55 000      
MORGAN STANLEY COM NEW/ CUSIP XXX-XX-XXXX Symbol MS      
MORGAN STANLEY COM NEW/ CUSIP XXX-XX-XXXX Symbol MS      
MORGAN STANLEY COM NEW/ CUSIP XXX-XX-XXXX Symbol MS      
MORGAN STANLEY COM NEW/ CUSIP XXX-XX-XXXX Symbol MS (contd)      
CALLDUKJUN 87 5 EXP 06/19/20 CUSIP Symbol DUK 06/19/20 C 87 500      
CALL DUK MAR 105 EXP 03/20/20 CUSIP Symbol DUK 03/20/20 C 105 000      
CALLCBAUG 145 EXP 08/21/20 CUSIP Symbol CB 08/21/20 C 145 000      
NOVARTIS AG SPONSORED ADR CUSIP 66987V109 Symbol NVS      
PPL CORP CUSIP 69351T106 Symbol PPL      
CALLNVSJUL 92 5 EXP 07/17/20 CUSIP Symbol NVS 07/17/20 C 92 500      
CALL NVS NOV 90 EXP 11/20/20 CUSIP Symbol NVS 11/20/20 C 90 000      
PFIZER INC CUSIP XXX-XX-XXXX Symbol PFE      
PFIZER INC CUSIP XXX-XX-XXXX Symbol PFE      
PHILIP MORRIS INTL INC CUSIP XXX-XX-XXXX Symbol PM      
PHILIP MORRIS INTL INC CUSIP XXX-XX-XXXX Symbol PM      
RAYTHEON TECHNOLOGIES CORP CUSIP 75513E101 Symbol RTX      
RAYTHEON TECHNOLOGIES CORP CUSIP 75513E101 Symbol RTX      
ROYAL DUTCH SHELL PLC SPON ADR B CUSIP XXX-XX-XXXX Symbol RDSB      
CALLTJUN 32 5 EXP 06/19/20 CUSIP Symbol T 06/19/20 C 32 500      
CALL CAG MAR 30 EXP 03/20/20 CUSIP Symbol CAG 03/20/20 C 30 000      
CALL CAG FEB 34 EXP 02/21/20 CUSIP Symbol CAG 02/21/20 C 34 000      
CALL WFC JAN 55 5 EXP 01/17/20 CUSIP Symbol WFC 01/17/20 C 55 500      
CALL WFC FEB 49 EXP 02/21/20 CUSIP Symbol WFC 02/21/20 C 49 000      
CALLDDJUN 54 EXP 06/19/20 CUSIP Symbol DD 06/19/20 C 54 000      
CALL DD SEP 60 EXP 09/18/20 CUSIP Symbol DD 09/18/20 C 60 000      
CALLDDJUL 56 EXP 07/17/20 CUSIP Symbol DD 07/17/20 C 56 000      
CALL DD NOV 65 EXP 11/20/20 CUSIP Symbol DD 11/20/20 C 65 000      
CALLJPMJUN 110 EXP 06/19/20 CUSIP Symbol JPM 06/19/20 C 110 000      
CALL GLW FEB 30 EXP 02/21/20 CUSIP Symbol GLW 02/21/20 C 30 000      
CALL MDT DEC 117 EXP 12/18/20 CUSIP Symbol MDT 12/18/20 C 117000      
CALL MRK NOV 85 EXP 11/20/20 CUSIP Symbol MRK 11/20/20 C 85 000      
CALL MRK SEP 88 EXP 09/18/20 CUSIP Symbol MRK 09/18/20 C 88 000      
UNILEVER N V N Y SHS NEW/ CUSIP XXX-XX-XXXX Symbol UN      
UNILEVER N V N Y SHS NEW/ CUSIP XXX-XX-XXXX Symbol UN      
UNILEVER N V N Y SHS NEW/ CUSIP XXX-XX-XXXX Symbol UN      
CALL CSCO MAY 47 EXP 05/15/20 CUSIP Symbol CSCO 05/15/20 C 47 000      
CALLCSCOJUN 47 EXP 06/19/20 CUSIP Symbol CSCO 06/19/20 C 47 000      
CALL CSCO AUG 50 EXP 08/21/20 CUSIP Symbol CSCO 08/21/20 C 50 000      
CALL CSCO NOV 43 EXP 11/20/20 CUSIP Symbol CSCO 11/20/20 C 43 000      
CALL CVX DEC 95 EXP 12/18/20 CUSIP Symbol CVX 12/18/20 C 95 000      
CALL CVX JAN 122 EXP 01/17/20 CUSIP Symbol CVX 01/17/20 C 122 000      
CALL CVX MAR 104 EXP 03/20/20 CUSIP Symbol CVX 03/20/20 C 104 000      
CALL C MAY 48 EXP 05/15/20 CUSIP Symbol C 05/15/20 C 48 000      
UNITED PARCEL SERVICE INC CL B CUSIP XXX-XX-XXXX Symbol UPS      
UNITED PARCEL SERVICE INC CL B CUSIP XXX-XX-XXXX Symbol UPS      
UNITED PARCEL SERVICE INC CL B CUSIP XXX-XX-XXXX Symbol UPS      
VIATRIS INC CUSIP 92556V106 Symbol VTRS      
VIATRIS INC CUSIP 92556V106 Symbol VTRS      
WELLS FARGO CO NEW/ CUSIP XXX-XX-XXXX Symbol WFC      
WELLTOWER INC REIT CUSIP: 95040Q104 Symbol: WELL      
WELLTOWER INC REIT CUSIP: 95040Q104 Symbol: WELL      
CALL ETN AUG 104 EXP 08/21/20 CUSIP Symbol ETN 08/21/20 C 104 000      
CALL ETN SEP 108 EXP 09/18/20 CUSIP Symbol ETN 09/18/20 C 108 000      
CALL CAG NOV 37 5 EXP 11/20/20 CUSIP Symbol CAG 11/20/20 C 37 500      
CALL ETN APR 85 EXP 04/17/20 CUSIP Symbol ETN 04/17/20 C 85 000      
CALL ETN JAN 96 EXP 01/17/20 CUSIP Symbol ETN 01/17/20 C 96 000      
CALL RTX JUL 65 EXP 07/17/20 CUSIP Symbol RTX 07/17/20 C 65 000      
CALL RTX OCT 65 EXP 10/16/20 CUSIP Symbol RTX 10/16/20 C 65 000      
CALL RTX SEP 66 EXP 09/18/20 CUSIP Symbol RTX 09/18/20 C 66 000      
CALL RTX DEC 75 EXP 12/18/20 CUSIP Symbol RTX 12/18/20 C 75 000      
EATON CORP PLC CUSIP G29183103 Symbol ETN      
EATON CORP PLC CUSIP G29183103 Symbol ETN      
EATON CORP PLC CUSIP G29183103 Symbol ETN      
EATON CORP PLC CUSIP G29183103 Symbol ETN      
EATON CORP PLC CUSIP G29183103 Symbol ETN      
JOHNSON CTLS INTL PLC CUSIP G51502105 Symbol JCI      
JOHNSON CTLS INTL PLC CUSIP G51502105 Symbol JCI      
JOHNSON CTLS INTL PLC CUSIP G51502105 Symbol JCI      
MEDTRONIC PLC CUSIP G5960L103 Symbol MDT      
MEDTRONIC PLC CUSIP G5960L103 Symbol MDT      
MEDTRONIC PLC CUSIP G5960L103 Symbol MDT      
ALTRIA GROUP INC CUSIP 02209S103 Symbol MO      
ARCHER DANIELS MIDLAND CO CUSIP XXX-XX-XXXX Symbol ADM      
CISCO SYS INC CUSIP 17275R102 Symbol CSCO      
CISCO SYS INC CUSIP 17275R102 Symbol CSCO      
CISCO SYS INC CUSIP 17275R102 Symbol CSCO      
CONOCOPHILLIPS CUSIP 20825C104 Symbol COP      
DUKE ENERGY CORP NEW COM NEW CUSIP 26441C204 Symbol DUK      
DUPONT DE NEMOURS INC CUSIP 26614N102 Symbol DD      
DUPONT DE NEMOURS INC CUSIP 26614N102 Symbol DD      
EXXON MOBIL CORP CUSIP 30231G102 Symbol XOM      
GENUINE PARTS CO CUSIP XXX-XX-XXXX Symbol GPC      
GENUINE PARTS CO CUSIP XXX-XX-XXXX Symbol GPC      
HEALTHPEAK PROPERTIES INC REIT CUSIP 42250P103 Symbol PEAK      
MERCK & CO INC CUSIP 58933Y105 Symbol MRK      
NOVARTIS AG SPONSORED ADR CUSIP: 66987V109 Symbol: NVS      
PPL CORP CUSIP: 69351T106 Symbol: PPL      
ROYAL DUTCH SHELL PLC SPON ADR B CUSIP XXX-XX-XXXX Symbol RDSB      
TRUIST FINL CORP CUSIP 89832Q109 Symbol TFC      
UNILEVER N V N Y SHS NEW/ CUSIP XXX-XX-XXXX Symbol UN      
VIATRIS INC CUSIP 92556V106 Symbol VTRS      
WELLTOWER INC REIT CUSIP 95040Q104 Symbol WELL      
JOHNSON CTLS INTL PLC CUSIP G51502105 Symbol JCI      
CHUBB LIMITED CUSIP H1467J104 Symbol CB      
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 18,732   23,759 -5,027
b 14,855   19,499 -4,644
c 3,016   3,960 -944
d 176     176
e 205     205
198     198
188     188
344     344
83     83
244     244
130     130
206     206
335     335
180     180
2,633   3,077 -444
325     325
159     159
8,329   8,140 189
2,071   3,123 -1,052
384     384
310     310
138     138
605     605
205     205
150     150
285     285
306     306
350     350
332     332
460     460
233     233
192     192
25,723   37,618 -11,895
28,349   34,601 -6,252
203     203
23,311   19,252 4,059
33,075   30,501 2,574
22,506   21,942 564
28,215   37,374 -9,159
17,991   14,290 3,701
261     261
140     140
209     209
280     280
198     198
278     278
255     255
210     210
150     150
174     174
203     203
306     306
17,411   20,253 -2,842
19,463   18,178 1,285
1,393   1,149 244
20,225   26,538 -6,313
19,608   17,620 1,988
20,961   16,774 4,187
35,544   37,239 -1,695
33,259   35,207 -1,948
3,699   3,255 444
13,511   6,919 6,592
213     213
356     356
275     275
255     255
403     403
455     455
160     160
9,661   8,759 902
29,246   28,245 1,001
27,423   26,150 1,273
360     360
390     390
626     626
340     340
219     219
288     288
247     247
252     252
345     345
255     255
255     255
330     330
275     275
247     247
496     496
1,818   2,447 -629
32,359   25,673 6,686
24,255   21,004 3,251
27,159   30,683 -3,524
30,375   30,589 -214
33,353   36,526 -3,173
45,207   42,869 2,338
48,809   48,644 165
220     220
560     560
222     222
200     200
219     219
215     215
300     300
186     186
115     115
120     120
252     252
135     135
26,317   18,317 8,000
28,558   24,486 4,072
15,670   14,395 1,275
1,923   1,583 340
150     150
6,766   6,680 86
289     289
212     212
472     472
282     282
432     432
225     225
408     408
210     210
153     153
232     232
41,959   31,205 10,754
20,708   20,563 145
23,184   20,702 2,482
19,837   15,750 4,087
450     450
340     340
451     451
23,379   25,984 -2,605
6,067   5,454 613
286     286
420     420
28,267   34,891 -6,624
1,992   2,617 -625
26,488   24,788 1,700
22,986   25,771 -2,785
12     12
18,972   14,697 4,275
5,894   10,067 -4,173
56     56
215     215
247     247
468     468
225     225
340     340
335     335
385     385
186     186
113     113
455     455
315     315
240     240
315     315
7,154   9,618 -2,464
2,716   3,295 -579
30,332   33,226 -2,894
351     351
260     260
513     513
300     300
279     279
276     276
161     161
165     165
23,205   19,367 3,838
25,421   23,108 2,313
3,996   2,955 1,041
15     15
1,208   1,133 75
35,130   57,714 -22,584
1,722   3,370 -1,648
15,303   25,274 -9,971
282     282
270     270
302     302
436     436
400     400
396     396
252     252
184     184
454     454
49,960   44,961 4,999
24,971   28,307 -3,336
27,862   27,479 383
32,292   25,927 6,365
34,469   29,489 4,980
38,447   33,959 4,488
19,543   21,383 -1,840
3,506   3,290 216
10,151   8,125 2,026
21,200   18,339 2,861
33,221   30,750 2,471
7,148   10,855 -3,707
32,879   35,408 -2,529
690   847 -157
4,672   6,831 -2,159
22,040   28,494 -6,454
7,710   11,988 -4,278
911   865 46
14,697   18,321 -3,624
19,604   21,015 -1,411
20,431   34,255 -13,824
11,093   11,430 -337
3,047   2,922 125
13,766   12,123 1,643
25,145   24,887 258
1,670   1,482 188
13,665   13,904 -239
9,535   18,738 -9,203
4,066   4,918 -852
5,365   6,742 -1,377
1,241   1,173 68
1,291   2,212 -921
3,007   3,114 -107
42,329   43,301 -972
1,174     1,174
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       -5,027
b       -4,644
c       -944
d       176
e       205
      198
      188
      344
      83
      244
      130
      206
      335
      180
      -444
      325
      159
      189
      -1,052
      384
      310
      138
      605
      205
      150
      285
      306
      350
      332
      460
      233
      192
      -11,895
      -6,252
      203
      4,059
      2,574
      564
      -9,159
      3,701
      261
      140
      209
      280
      198
      278
      255
      210
      150
      174
      203
      306
      -2,842
      1,285
      244
      -6,313
      1,988
      4,187
      -1,695
      -1,948
      444
      6,592
      213
      356
      275
      255
      403
      455
      160
      902
      1,001
      1,273
      360
      390
      626
      340
      219
      288
      247
      252
      345
      255
      255
      330
      275
      247
      496
      -629
      6,686
      3,251
      -3,524
      -214
      -3,173
      2,338
      165
      220
      560
      222
      200
      219
      215
      300
      186
      115
      120
      252
      135
      8,000
      4,072
      1,275
      340
      150
      86
      289
      212
      472
      282
      432
      225
      408
      210
      153
      232
      10,754
      145
      2,482
      4,087
      450
      340
      451
      -2,605
      613
      286
      420
      -6,624
      -625
      1,700
      -2,785
      12
      4,275
      -4,173
      56
      215
      247
      468
      225
      340
      335
      385
      186
      113
      455
      315
      240
      315
      -2,464
      -579
      -2,894
      351
      260
      513
      300
      279
      276
      161
      165
      3,838
      2,313
      1,041
      15
      75
      -22,584
      -1,648
      -9,971
      282
      270
      302
      436
      400
      396
      252
      184
      454
      4,999
      -3,336
      383
      6,365
      4,980
      4,488
      -1,840
      216
      2,026
      2,861
      2,471
      -3,707
      -2,529
      -157
      -2,159
      -6,454
      -4,278
      46
      -3,624
      -1,411
      -13,824
      -337
      125
      1,643
      258
      188
      -239
      -9,203
      -852
      -1,377
      68
      -921
      -107
      -972
      1,174
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 -21,613
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 2,061
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 2,061
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 2,061
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,625
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,625
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,564
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,564 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletNorris E Mitchell Telephone no.bullet (703) 759-4258

    Located atbulletPO Box 311McLeanVA ZIP+4bullet221010311
    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
    Norris E Mitchell Trustee
    0.00     		0 0 0
    749 Boehms Court
    Great Falls,VA22066
    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
    3,851,214
    b
    Average of monthly cash balances.......................
    1b
    79,966
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,931,180
    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
    3,931,180
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    58,968
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,872,212
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    193,611
    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
    193,611
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,061
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,061
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    191,550
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    191,550
    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
    191,550
    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
    230,000
    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
    230,000
    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
    230,000
    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 7 191,550
    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...... 51,229
    b From 2016...... 12,066
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 63,295
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 230,000
    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..... 191,550
    e Remaining amount distributed out of corpus 38,450
    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 5 101,745
    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) ...     		51,229
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		50,516
    10 Analysis of line 9:
    a Excess from 2016.... 12,066
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 38,450
    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).)
    Norris E Mitchell
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    Flint Hill School
    3320 Jermantown Road
    Oakton,VA22124     		None Exempt Organization Educational 210,000
    Virginia Tech Foundation
    902 Prices Fork Road Suite 4000
    Blacksburg,VA24061     		None Exempt Organization Educational 20,000
    Total .................................bullet 3a 230,000
    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 85  
    4 Dividends and interest from securities....     14 172,159  
    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 -21,613  
    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).. 0 150,631 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    150,631
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    The Mitchell Foundation
     
    Employer identification number

    54-1852192
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    The Mitchell Foundation
          		Employer identification number
    54-1852192
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Norris E Mitchell
    749 Boehms Court
     
    Great Falls, VA22066

    		$ 595,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    The Mitchell Foundation
          		Employer identification number

    54-1852192
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 20,000 shs USBI. $ 595,000 2020-11-10
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    The Mitchell Foundation
          		Employer identification number

    54-1852192
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    The Mitchell Foundation
    EIN:
    54-1852192
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 5,570 2,785   0

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Mitchell Foundation
    EIN:
    54-1852192
    Name of Stock End of Year Book Value End of Year Fair Market Value
    103,500 shs USBI 3,610,414 3,353,400
    3,700 Shs GE 113,997 39,960
    1,680 Shs BCE 80,338 71,904
    19 Shs WAB 1,483 1,391
    419 Shs Eaton Corp PLC 48,678 50,339
    1,009 Shs Johnson Ctls Intl PLC 39,458 47,009
    371 Shs Medtronic PLLC 40,477 43,459
    300 Shs Chubb Limited 44,271 46,176
    820 Shs Altria Group 35,538 33,620
    625 Sch BCE Inc. 26,454 26,750
    1,199 Shs Bank of America 36,451 36,342
    800 Shs Bristol-Myers Squibb 50,215 49,624
    72 Shs Broadcom Inc. 23,998 31,525
    410 Shs Chevron Corp 40,936 34,625
    865 Shs Cisco Sys Inc. 41,043 38,709
    8 Shs Citigroup Inc. 377 493
    1,075 Shs Conagra Brand Inc. 40,436 38,980
    600 Shs ConocoPhillips 21,220 23,994
    638 Shs Dow Inc. 33,298 35,409
    510 Shs Duke Energy Corp 42,221 46,696
    506 Shs Dupont De Nemours 32,952 35,982
    880 Shs Exxon Mobil Corp 42,533 36,274
    660 Shs General Mills Inc. 36,630 38,808
    403 Shs Genuine Parts Co. 40,417 40,473
    1,227 Shs Healthpeak Properties Inc. 36,586 37,092
    985 shs Intel Corp 52,168 49,073
    366 Shs JP Morgan Chase 39,162 46,508
    154 Shs Lowes Cos Inc. 23,819 24,719
    475 Shs Merck & Co. Inc. 39,996 38,855
    525 Shs Morgan Stanley 32,963 35,978
    470 Shs Novartis AG 41,444 44,382
    1,565 Shs PPL Corp 44,458 44,133
    1,200 Shs Pfizer Inc. 41,816 44,172
    540 Shs Philip Morris Intl Inc. 41,403 44,707
    664 Shs Raytheon Technologies Corp 40,942 47,483
    900 Shs Truist Finl Corp 45,749 43,137
    915 Shs Verizon Communication Inc. 53,666 53,756
    930 Shs Walgreens Boots Alliance Inc. 55,273 37,088
    513 Shs Welltower Inc. 30,808 33,150

    TY 2020 OtherExpensesSchedule
    Name:
    The Mitchell Foundation
    EIN:
    54-1852192
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Oppenheimer Investment Management Fees 19,712 19,712   0
    Misc Fees 1,792 0   0


    TY 2020 OtherLiabilitiesSchedule
    Name:
    The Mitchell Foundation
    EIN:
    54-1852192
    Description Beginning of Year - Book Value End of Year - Book Value
    Call Option - Pfizer Inc. (Exp. 1/15/21) 0 300
    Call Option - Dupont De Nemours (Exp. 1/15/21) 0 264
    Call Option - Johnson Controls (Exp. 1/15/21) 0 210
    Call Option - Morgan Stanley (Exp. 1/15/21) 0 380
    Call Option - Chubb Limited (Exp. 1/15/21) 0 1,050
    Call Option - Bank of America Corp (Exp. 1/15/21) 0 318
    Call Option - Dow Inc. (Exp. 1/15/21) 0 334
    Call Option - Conagra Brands Inc. (Exp. 1/15/21) 0 450
    Call Option - Raytheon Technologies (Exp. 1/15/21) 0 220


    TY 2020 SubstantialContributorsSch
    Name:
    The Mitchell Foundation
    EIN:
    54-1852192
    Name Address
    Norris E Mitchell 749 Boehms Court
    Great Falls,VA22066


    TY 2020 TaxesSchedule
    Name:
    The Mitchell Foundation
    EIN:
    54-1852192
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2019 Extension Payment 5,500 0   0
    Foreign Taxes 1,440 1,440   0