Form990-PF
Click to see attachment

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
Sapphire Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

30-0674167
B Telephone number (see instructions)

(800) 839-1754
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$30,025,198J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,369 2,369  
4 Dividends and interest from securities... 304,650 302,548  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,469,998
b Gross sales price for all assets on line 6a 17,439,938
7 Capital gain net income (from Part IV, line 2)... 1,350,683
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 822,214 585,734  
12 Total. Add lines 1 through 11........ 2,599,231 2,241,334  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 83,592     83,592
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 6,395     6,395
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 118,923 118,923    
17 Interest............... 2     2
18 Taxes (attach schedule) (see instructions)... Click to see attachment 36,103 15,403    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 10,400     10,400
21 Travel, conferences, and meetings....... 774     774
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 381,053 310,453   43,564
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 637,242 444,779   144,727
25 Contributions, gifts, grants paid....... 1,212,898 1,212,898
26 Total expenses and disbursements. Add lines 24 and 25 1,850,140 444,779   1,357,625
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 749,091
b Net investment income (if negative, enter -0-) 1,796,555
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,138,885 755,595 755,595
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) 68,666    
b Investments—corporate stock (attach schedule)....... 13,331,244 Click to see attachment8,746,444 11,199,753
c Investments—corporate bonds (attach schedule)....... 232,903 Click to see attachment461,440 492,893
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,014,022 Click to see attachment16,571,332 17,326,957
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment250,000 Click to see attachment250,000 Click to see attachment250,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,035,720 26,784,811 30,025,198
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 26,035,720 26,784,811
29 Total net assets or fund balances (see instructions)..... 26,035,720 26,784,811
30 Total liabilities and net assets/fund balances (see instructions). 26,035,720 26,784,811
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
26,035,720
2
Enter amount from Part I, line 27a .....................
2
749,091
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
26,784,811
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
26,784,811
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c Sec 751 Gain on Sale of Ptshp Reclass      
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 17,439,938   16,331,806 1,108,132
b       398,567
c 0     -156,016
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b        
c        
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,350,683
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 24,972
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 24,972
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 24,972
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 28,100
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 28,100
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,128
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet3,128 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletTN, TX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Adriane Crosland Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    ANDERSON BURNS Crosland Dir, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    BenJAMIN LUPTON Crosland Dir, Sec
    40.0     		83,592 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Sandy Crosland Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    KatHERINE L Juett Chairman of the Board, Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    AliCE CROSLAND Treaster Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Justin Treaster Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Reynolds and Park Wealth Management Investment mgt 101,923
    one union square ste 100
    CHATTANOOG,TN37402
    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)
    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
    11,587,028
    b
    Average of monthly cash balances.......................
    1b
    1,955,540
    c
    Fair market value of all other assets (see instructions)................
    1c
    15,372,260
    d
    Total (add lines 1a, b, and c).........................
    1d
    28,914,828
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    28,914,828
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    433,722
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    28,481,106
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,424,055
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,424,055
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    24,972
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    58,509
    c
    Add lines 2a and 2b............................
    2c
    83,481
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,340,574
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,340,574
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,340,574
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,357,625
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,357,625
    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
    1,357,625
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,340,574
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,348,466
    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: bullet$ 1,357,625
    a Applied to 2019, but not more than line 2a 1,348,466
    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..... 9,159
    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 ..........     		1,331,415
    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)
    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).)
    KATHERINE L JUETT
    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
    ADVISORY BOARD BOOKER T WASHINGTON H S FOR PERFORM
    PO BOX 192648
    DALLAS,TX75219     		N/A PC Patron of the Arts Magnet (PAM) Program 2,500
    AMISTAD MISSION
    PO BOX 23030
    NASHVILLE,TN37202     		N/A PC General & Unrestricted 5,000
    ANCHORED BY FAMILY
    4610 ISABELLA LN
    DALLAS,TX75229     		N/A PC General & Unrestricted 2,500
    BRIGHTER TOMORROWS INC
    928 BLUEBIRD DR
    IRVING,TX75061     		N/A PC Emergency Shelter Program 10,000
    C C YOUNG MEMORIAL HOME
    4847 WESTLAWTHE DR STE 100
    DALLAS,TX75214     		N/A PC For COVID-19 Related Costs & Expenses 5,000
    CAFE MOMENTUM
    1510 PACIFIC AVE
    DALLAS,TX75201     		N/A PC Ninny's Closet Food Pantry Fund 2,500
    CARRY THE LOAD
    514 S HALL ST
    DALLAS,TX75226     		N/A PC General & Unrestricted 3,000
    CHILDRENS MEDICAL CENTER FOUNDATION
    2777 N STEMMONS FWY STE 1700
    DALLAS,TX75207     		N/A PC Supporting ER Renovation, Construction and Modernization Project at Children's Medical Center Dallas 100,000
    COMMUNITY MARKET OF POTTAWATOMIE COUNTY INCORPORAT
    PO BOX 1694
    SHAWNEE,OK74802     		N/A PC CEO Education & Professional Development Grant 5,000
    CRISTO REY DALLAS ACADEMIC CENTER
    1064 N SAINT AUGUSTINE DR
    DALLAS,TX75217     		N/A SO I Bill Miller Memorial Fund 2,500
    CRISTO REY DALLAS CORPORATE WORK STUDY PROGRAM INC
    1064 N SAINT AUGUSTINE DR
    DALLAS,TX75217     		N/A SO II Work Study Program 5,000
    DALLAS ARBORETUM & BOTANICAL
    8617 GARLAND RD
    DALLAS,TX75218     		N/A PC General & Unrestricted 10,000
    DALLAS CHILDRENS ADVOCACY CENTER
    5351 SAMUELL BLVD
    DALLAS,TX75228     		N/A PC Art For Advocacy: Patron Level Sponsor 10,000
    DALLAS FIREFIGHTERS MUSEUM INCORPORATED
    3801 PARRY AVE
    DALLAS,TX75226     		N/A PC Capital Campaign 10,000
    DALLAS FOUNDATION A TX NONPROFIT CORPORATION
    3000 PEGASUS PARK DR STE 930
    DALLAS,TX75247     		N/A PC Aurora Fund: Parking Garage Drive-Thru Exhibit Sponsorship 10,000
    DALLAS FOUNDATION A TX NONPROFIT CORPORATION
    3000 PEGASUS PARK DR STE 930
    DALLAS,TX75247     		N/A PC Bachman Lake Together Fund: Hello Grant 2,000
    DALLAS FOUNDATION A TX NONPROFIT CORPORATION
    3000 PEGASUS PARK DR STE 930
    DALLAS,TX75247     		N/A PC Bonton Farms: Seven Pillars Program Grant 20,000
    DALLAS SOCIAL VENTURE PARTNERS
    PO BOX 670546
    DALLAS,TX75367     		N/A PC For Dana Juett Residency and Foundation Partner Membership 56,000
    DALLAS THEATER CENTER
    2400 FLORA ST
    DALLAS,TX75201     		N/A PC General Fund & Benefactor's Circle 35,000
    DAVIDS LEGACY FOUNDATION
    PO BOX 90732
    SAN ANTONIO,TX78209     		N/A PC General & Unrestricted 2,500
    DEEP VELLUM PUBLISHING
    3000 COMMERCE ST
    DALLAS,TX75226     		N/A PC General & Unrestricted 2,500
    DWELL WITH DIGNITY INC
    1127 CONVEYOR LN
    DALLAS,TX75247     		N/A PC General & Unrestricted 1,500
    EPISCOPAL CHURCH OF THE GOOD SHEPHERD OF DALLAS
    11110 MIDWAY RD
    DALLAS,TX75229     		N/A PC Annual Fund Gift for 2020-2021 School Year 3,000
    FOOD FOR THE POOR INC
    6401 LYONS RD
    COCONUT CREEK,FL33073     		N/A PC General & Unrestricted 2,500
    GRACE-BASED FILMS INC
    2460 GRAMERCY PARK
    LOS ANGELES,CA90018     		N/A PC Funding for the Bishop Curry Documentary 3,000
    GRANT HALLIBURTON FOUNDATION INC
    601 HOMEWOOD DR
    PLANO,TX75025     		N/A PC Mental Health Hotline 5,000
    HIGHLAND PARK MIDDLE
    3555 GRANADA AVE
    DALLAS,TX75205     		N/A GOV MIS Raider Hero Sponsor Level (5th Grade) 10,000
    IMPACT CITY INITIATIVE
    2807 ALLEN ST 813
    DALLAS,TX75204     		N/A PC Sustain Initiative & ADAPT (Installment 2 of 3) 100,000
    IMPACT CITY INITIATIVE
    2807 ALLEN ST 813
    DALLAS,TX75204     		N/A PC SUSTAIN Initiative (Payment 3 of 3) 100,000
    INTERFAITH FAMILY SERVICES
    1651 MATILDA ST
    DALLAS,TX75206     		N/A PC 2021 Luncheon: Sponsor & Underwriting 100,000
    JOHN S BRADFIELD SCHOOL PARENT TEACHER ASSOCIATION
    4300 SOUTHERN AVE
    DALLAS,TX75205     		N/A PC Diamond Level Sponsor 2020-2021 School Year 10,000
    JUBILEE PARK & COMMUNITY CENTER CORPORATION
    917 BANK ST
    DALLAS,TX75223     		N/A PC General & Unrestricted 3,100
    JULIETTE FOWLER COMMUNITIES INC
    1234 ABRAMS RD
    DALLAS,TX75214     		N/A PC The Ebby House 4,700
    JUST COMMUNITY INC
    1000 RIO GRANDE ST
    AUSTIN,TX78701     		N/A PC SUSTAIN: Phase 2 25,000
    JUST COMMUNITY INC
    1000 RIO GRANDE ST
    AUSTIN,TX78701     		N/A PC program expansion of JUST into Dallas, Texas 25,000
    LEGACY PARENTING CENTER
    PO BOX 3574
    SHAWNEE,OK74802     		N/A PC General & Unrestricted 898
    LT TODD WESLEY KRODLE MEMORIAL FOUNDATION
    5514 BELMONT AVE
    DALLAS,TX75206     		N/A PC General & Unrestricted 3,000
    MY POSSIBILITIES
    3601 MAPLESHADE LN
    PLANO,TX75075     		N/A PC Reimbursement For Costs Associated With Food Distribution during covid-19 2,500
    MY POSSIBILITIES
    3601 MAPLESHADE LN
    PLANO,TX75075     		N/A PC Educational Gap- HIPster Sponsor (4 People) 20,000
    MY POSSIBILITIES
    3601 MAPLESHADE LN
    PLANO,TX75075     		N/A PC MPACT Officer Grant 115,000
    MY POSSIBILITIES
    3601 MAPLESHADE LN
    PLANO,TX75075     		N/A PC For Continued Support & Belief In The MPACT Program 30,000
    NET FORT WORTH INC
    PO BOX 470928
    FORT WORTH,TX76147     		N/A PC General & Unrestricted 2,500
    NETWORK FOR TEACHING ENTREPRENEURSHIP
    201 N BRAND BLVD STE 200
    GLENDALE,CA91203     		N/A PC Dallas Independent School District: P-TECH Program 5,000
    ORLANDO LAND TRUST INC
    PO BOX 2346
    ORLANDO,FL32802     		N/A PC Grandmother's Legacy of Love 2,500
    PARISH EPISCOPAL SCHOOL
    4101 SIGMA RD
    DALLAS,TX75244     		N/A PC Performing Arts Center (Payments 2 & 3 of 5) 10,000
    PARISH EPISCOPAL SCHOOL
    4101 SIGMA RD
    DALLAS,TX75244     		N/A PC Performing Arts Center 11,000
    PEGASUS FOUNDATION DBA DALLAS INSTITUTE OF HUMAN
    2719 ROUTH ST
    DALLAS,TX75201     		N/A PC General & Unrestricted 35,000
    PEGASUS FOUNDATION DBA DALLAS INSTITUTE OF HUMAN
    2719 ROUTH ST
    DALLAS,TX75201     		N/A PC Matching Grant Opportunity- General Fund 10,000
    PHILANTHROPY SOUTHWEST
    624 NORTH GOOD-LATIMER EXPY
    DALLAS,TX75204     		N/A PC Annual Membership- 2020 1,700
    SAINT MICHAEL EPISCOPAL SCHOOL
    8011 DOUGLAS AVE
    DALLAS,TX75225     		N/A PC School Auction Sponsorship 2020/2021 School Year 10,000
    SALESMANSHIP CLUB CHARITABLE GOLF OF DALLAS INC
    106 E 10TH ST 200
    DALLAS,TX75203     		N/A PC General & Unrestricted 5,000
    SECOND THOUGHT THEATRE
    3839 MCKINNEY AVE STE 155452
    DALLAS,TX75204     		N/A PC General & Unrestricted 10,000
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750181
    DALLAS,TX75275     		N/A PC SMU-in-Taos Scholarship Fund 25,000
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750181
    DALLAS,TX75275     		N/A PC TEDxKids@SMU Event 2020 5,000
    SOUTHERN METHODIST UNIVERSITY - ATHLETICS
    PO BOX 750305
    DALLAS,TX75275     		N/A PC General & Unrestricted 3,000
    TACA INC
    1722 ROUTH ST STE 800
    DALLAS,TX75201     		N/A PC TACA Silver Cup Award Luncheon: Table Sponsor 5,000
    TEXAS TECH FOUNDATION INC
    PO BOX 45025
    LUBBOCK,TX79409     		N/A PC Talkington College of the Arts 25,000
    THE BIRTHDAY PARTY PROJECT
    2143 FARRINGTON ST
    DALLAS,TX75207     		N/A PC General & Unrestricted 7,500
    THE UNIVERSITY OF TEXAS AT DALLAS CENTER FOR BRAIN
    2200 W MOCKINGBIRD LN
    DALLAS,TX75235     		N/A GOV Stress Resilience For The Front Line Fund 25,000
    TREY ATHLETES
    3131 MAIN ST APT 1515
    DALLAS,TX75226     		N/A PC Congratulations On The United Way Pitch WIN! 2,500
    TRUST FOR PUBLIC LAND
    101 MONTGOMERY ST STE 900
    SAN FRANCISCO,CA94104     		N/A PC North Texas Office: Alice Branch Creek Project 75,000
    UNIVERSITY PARK SCHOOL PARENT- TEACHER ASSOCIATION
    3505 AMHERST AVE
    DALLAS,TX75225     		N/A PC General & Unrestricted 20,000
    UNIVERSITY PARK SCHOOL PARENT- TEACHER ASSOCIATION
    3505 AMHERST AVE
    DALLAS,TX75225     		N/A PC UP All Night Sponsorship 1,000
    URBAN TEACHER CENTER
    1800 WASHINGTON BLVD STE 411
    BALTIMORE,MD21230     		N/A PC Dallas Branch- Hello Grant 1,000
    VISITING NURSE ASSOCIATION OF TEXAS
    1420 W MOCKINGBIRD LN STE 700
    DALLAS,TX75247     		N/A PC Meals on Wheels Program 50,000
    Total .................................bullet 3a 1,212,898
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,369  
    4 Dividends and interest from securities....     14 304,650  
    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 ............     		525990 119,315 18 1,350,683  
    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 79,186 14 585,278  
    bFederal Tax Refund     01 1,734  
    cSec 751 Gain on Sale of Ptshp 525990 156,016      
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 354,517 2,244,714  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,599,231
    (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

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

    TY 2020 DepreciationSchedule
    Name:
    Sapphire Foundation Inc
    EIN:
    30-0674167
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    Sapphire Foundation Inc
    EIN:
    30-0674167
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    SUSTAIN Initiative LLC
          		2807 Allen St 813
    Dallas,TX75226     		2019-12-10 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO 01/08/2021   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

    TY 2020 GeneralExplanationAttachment
    Name:
    Sapphire Foundation Inc
    EIN:
    30-0674167
    Identifier Return Reference Explanation
    PART I LINE 6A part I line 6A PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $1,350,683 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $119,315 TOTAL PART I, LINE 6A: $1,469,998 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $17,439,938 BOOK BASIS: $16,331,806 NET GAIN/(LOSS): $1,108,132 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $398,567 SECTION 751 GAIN ON SALE OF PARTNERSHIP - RECLASS NET GAIN/(LOSS): $(156,016)
    FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SUSTAIN Initiative , LLC DATE OF PRI: 12/10/2019 PURPOSE OF PRI: To support social impact organizations in developing long-term financial sustainability and thereby increase their social impact. REPORTS OF AMOUNTS EXPENDED: RECIPIENT HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEAR INDICATED BELOW: DATE OF REPORT: 01/08/2021 FOR FYE 12/31/2019 THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 12/31/2020. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Sapphire Foundation Inc
    EIN:
    30-0674167
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS CO - 5.200% - 8,575 9,913
    ARES CAPITAL CORP NOTE - 3.250 8,903 9,538
    BANK NEW YORK MELLONCORP BOND 12,123 13,234
    BOEING CO NOTE - 4.508% - 05/0 40,212 43,231
    BP CAP MKTS P L C NOTE PERPETU 48,833 52,438
    CAPITAL ONE FINL CORP NOTE - 2 12,014 12,574
    CITIGROUP INC - 4.675% - 12/29 5,019 5,008
    CITIGROUP INC - 5.950% - 12/29 14,890 14,925
    CITIGROUP INC BOND PERPETUAL - 9,000 9,236
    CITIGROUP INC BOND PERPETUAL - 8,672 11,303
    CITIZENS FINANCIAL GROUP INC - 24,000 26,945
    ENERGY TRANSFER OPERATING LP B 13,032 12,350
    FIFTH THIRD BANCORP BOND PERPE 12,000 12,762
    GENERAL MTRS CO - 2.790% - 09/ 38,437 39,045
    GENERAL MTRS FINL CO INC NOTE 10,995 12,061
    HUNTINGTON BANCSHARES INC PERP 5,512 5,838
    METLIFE - 5.250% - 12/31/2049 6,014 5,970
    MPLX LP BOND PERPETUAL - 6.875 21,480 21,230
    OAKTREE SPECIALTY LENDING CORP 6,877 7,248
    PPL CAP FDG BOND - 6.700% - 03 1,950 2,587
    REGIONS FINANCIAL CORP - 5.750 28,312 31,192
    SCHWAB CHARLES CORP BOND PERPE 33,042 35,640
    SEMPRA ENERGY BOND PERPETUAL - 55,452 58,780
    TRUIST FINL CORP BOND PERPETUA 23,000 26,278
    VALERO ENERGY CORP NOTE - 2.70 13,096 13,567

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Sapphire Foundation Inc
    EIN:
    30-0674167
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 9,473 10,608
    ACCELERON PHARMA INC 12,922 19,575
    ACCENTURE PLC 42,458 70,265
    ACI WORLDWIDE INC 7,293 10,222
    ACUSHNET HOLDINGS CORP 17,630 29,027
    ADAPTEC, INC 4,919 9,638
    ADECCO S.A. UNSP/ADR 33,826 36,930
    ADOBE SYSTEMS, INC 20,890 29,007
    ADVANCED ENERGY IND INC 12,112 22,109
    AGCO CP 18,266 31,752
    AGNCP 28,141 29,050
    AGREE REALTY CORP 12,001 13,582
    AIA GROUP LTD ADR 70,409 92,757
    AIRBUS GROUP 21,610 31,336
    ALBANY INTERNATIONAL CORP 9,634 12,555
    ALCON INC 25,727 30,087
    ALIBABA GROUP HOLDING LTD 187,611 206,897
    ALLETE INC 19,414 18,520
    ALLIANZGI CVT AND INCOME PFD S 9,661 9,877
    ALPHABET INC CL A 54,643 68,353
    AMADEUS IT HLDS SA 15,238 16,155
    AMAZON COM 70,391 117,249
    AMCOR LTD ORD SHS 13,618 14,771
    AMDOCS LIMITED 24,722 27,450
    AMERICAN CAPITAL AGENCY CORP 9,828 10,374
    AMERICAN ELECTRIC POWER INC 12,206 12,241
    AMERICAN EXPRESS CO 7,420 13,905
    AMERICAN TOWER REIT INC 24,001 22,446
    AMERIPRISE FINANCIAL INC 27,146 37,894
    AMERISOURCEBERGEN CORP 9,628 11,731
    AMGEN INC 31,970 31,039
    ANGLO AM PLC ADR 34,511 49,896
    ANNALY CAPITAL MANAGEMENT PFD 22,555 24,464
    APPLE INC 47,591 57,720
    APTIV PLC 12,445 25,146
    ARES MANAGEMENT PFD 7% SERIES 24,714 25,142
    ARROWHEAD PHARMACEUTICALS INC 8,055 33,071
    ASE TECHNOLOGY HOLDINGS CO LTD 22,898 26,665
    ASHTEAD GROUP PLC 6,751 13,265
    ASM PACIFIC TECH 32,026 30,219
    ASML HOLDING NV NY REG SHS 27,695 61,940
    ASSURED GUARANTY LTD 15,595 14,800
    AT&T 5.625% 08/01/2067 3,127 3,321
    ATRICURE, INC. 15,003 17,313
    AVERY DENNISON CORP 13,407 20,475
    BAC CAPITAL PFD 6.20% 2,921 2,824
    BAC CAPITAL TR X - 6.250% - 03 5,532 5,641
    BAE SYSTEMS PLC 26,631 24,055
    BANCO BRADESCO S.A. SPONS ADR 30,117 32,822
    BANK OF AMERICA PREF A 10,935 10,668
    BANK OZK 23,284 29,581
    BAOZUN INC 7,298 8,175
    BARRICK GOLD CORPORATION 17,859 22,028
    BAUSCH HEALTH COS INC 25,030 29,598
    BEIERSDORF AG ADR EACH REPR 0. 14,041 15,430
    BIO RAD LABS INC CL A 9,279 19,237
    BIOHAVEN PHARMACEUTICAL HOLDIN 6,772 14,056
    BIOMARIN PHARMACEUTICAL INC 6,129 7,103
    BLACKLINE INC 8,406 18,673
    BLACKROCK CORPORATE HIGH YIELD 28,668 32,381
    BLACKROCK CREDIT ALLOCATION IN 5,973 6,384
    BLACKROCK INC 24,199 31,026
    BLACKROCK LTD DUR IN 6,101 5,938
    BLACKROCK MULTI-SECTOR INCOME 992 1,316
    BLACKROCK MUNICIPLAL INCOME TR 8,212 9,267
    BLACKROCK MUNIVEST FUND 12,016 12,719
    BLACKROCK MUNIYIELD QUALITY FU 20,795 22,499
    BLUEBIRD BIO INC 16,189 7,399
    BOOKING HOLDINGS INC 28,977 35,636
    BRAMBLES LTD UNSP AD 36,349 39,670
    BRITISH AMERICAN TOBACCO PLC 12,996 11,734
    BROADCOM INC 19,450 50,791
    BROOKFIELD RENEWABLE PFD CL A 16,628 18,469
    BRUNSWICK CORP 18,205 30,039
    BT GROUP PLC 10,757 13,193
    CABLE ONE INC 30,189 33,416
    CADENCE DESIGN SYSTEMS INC 12,844 13,370
    CALRSBERG AS SP ADR REP B 47,255 67,055
    CAMDEN PPTY TR 4,301 4,596
    CANADIAN NATL RAILWAY CO 26,458 38,667
    CAP GEMINI SA UNSP/ADR 25,117 32,711
    CATHAY GENERAL BANCORP 16,040 17,705
    CGI INC 33,121 49,252
    CHAMPIONX CORP 14,485 18,391
    CHARLES SCHWAB CORP 12,249 20,686
    CHEGG INC 6,338 20,234
    CHINA MENGNIU DAIRY COMPANY AD 13,744 22,775
    CHINA MERCHANTS BANK 27,309 35,022
    CHUBB LIMITED 28,081 35,863
    CHUNGHWA TELECOM 21,124 22,670
    CHURCHILL DOWNS INC 12,021 25,907
    CIENA CORP 10,156 10,517
    CIMAREX ENERGY CO 16,812 16,579
    CISCO SYSTEMS INC 50,833 57,056
    COGENT COMMUNICATIONS GROUP, I 7,374 5,209
    COGNIZANT TECHNOLOGY SOLUTIONS 15,992 19,176
    COHEN AND STEERS LIMITED DURAT 10,210 10,959
    COMCAST CORP 50,652 67,701
    COMFORT SYSTEMS USA INC 4,686 5,213
    COMPAGNIE DE SAINT G 34,552 38,827
    CONMED CORPORATION 14,147 21,728
    CONOCOPHILLIPS 5,034 4,519
    CONTL AG SPONS ADR 15,229 17,758
    COSTCO WHOLESALE CORPORATION 18,300 25,998
    CRANE CO 20,539 27,026
    CREDICORP LTD 37,893 30,344
    CRITEO SA 11,499 13,106
    CSL LTD 8,694 12,006
    CULLEN FROST BANKERS INC 10,948 14,655
    DAIRY FARM INTERNATIONAL ADR 20,083 18,537
    DANAHER CORP 13,805 19,104
    DBS GROUP HLDGS SPON ADR 29,760 35,515
    DEBT STRATEGY FUND 5,674 5,570
    DEUTSCHE BOERSE ADR 50,097 65,690
    DEUTSCHE POST AG 39,017 46,850
    DIAGEO PLC ADS 20,703 25,727
    DIAMONDBACK ENERGY INC 3,773 7,599
    DICK'S SPORTING GDS 11,768 19,168
    DISCOVERY INC (FORMERLY DISC C 11,565 12,362
    DNB NOR ASA SPONSOR ADR 31,944 41,357
    DOLBY LABORATORIES 15,149 21,369
    DOLLAR GENERAL CORP 14,173 15,983
    DONALDSON CO. INC 4,669 6,706
    DR. REDDY'S LAB LTD 22,182 28,445
    DUKE ENERGY DRC 12,667 13,371
    EAST WEST BANCORP, INC 20,842 29,919
    EASTGROUP PROPERTIES INC 11,135 15,049
    EATON VANCE LIMITED DURATION I 1,543 1,829
    EATON VANCE MUNICIPAL BOND FUN 20,577 21,502
    ECOLAB INC 13,793 19,472
    ELECTRONIC ARTS 9,190 13,211
    ELI LILLY & CO 4,979 6,416
    EMCOR GROUP INC 14,238 19,390
    EMPIRE STATE REALTY TRUST 9,345 11,454
    ENEL SOCIETA PER AZI 22,897 34,185
    ENERGIZER HOLDINGS INC 12,716 13,624
    ENN ENERGY HOLDINGS LIMITED 16,986 22,669
    ENPRO INDUSTRIES INC 4,456 7,174
    ENTEGRIS INC MINNESOTA 12,635 33,058
    ENTERGY LA LLC PFD - 4.875% - 6,702 7,036
    ENTERGY MISSISSIPPI INC PFD - 1,493 1,696
    ENVESTNET INC 9,454 14,894
    EQUATORIAL ENERGIA 24,686 18,838
    EQUINOR ASA 14,292 13,136
    ERSTE GROUP BANK AG 8,727 11,378
    ESTEE LAUDER COMPANIES INC 6,754 9,583
    ETSY INC 13,725 52,128
    EVERBRIDGE INC 13,321 19,975
    EXACT SCIENCES CORPORATION 10,021 19,079
    EXELIXIS, INC. 17,460 17,541
    EXELON CORPORATION 10,709 13,088
    EXLSERVICE HOLDINGS INC 7,088 11,322
    EXXON MOBIL CORP 2,378 2,267
    FABRINET INC 24,995 34,295
    FACEBOOK INC 40,932 62,280
    FANUC LIMITED UNSPONSORED 30,767 49,503
    FEDERAL AGRICULTURAL MORTGAGE 7,413 8,093
    FIBROGEN INC 12,675 11,238
    FIDELITY NATIONAL FINANCIAL IN 22,915 29,357
    FIDELITY NATIONAL INFORMATION 23,106 23,199
    FIRST TRUST HIGH INCOME LONG S 5,872 5,746
    FIRST TRUST INTERMEDIATE DURAT 5,181 5,724
    FLUTTER ENTMT PLC ADR 22,031 42,137
    FOMENTO ECONOMICO MEXICANO 22,484 18,033
    FOUR CORNERS PROPERTY TRUST IN 9,588 13,009
    FULLER H B CO 4,012 5,136
    GEN DYNAMICS CP 12,988 15,626
    GENMAB A/S SPON 6,837 13,418
    GLAXOSMITHKLINE PLC 20,736 20,350
    GLOBE LIFE INC 9,495 14,529
    GMAC CAPITAL TRUST I - 8.125% 20,170 21,829
    GROUPE DANONE ADS 33,976 27,523
    GRUPO AEROPORTUARIO DEL ADR 16,919 23,037
    GUARDANT HEALTH INC 8,234 16,110
    GUIDEWIRE SOFTWARE INC 5,121 7,466
    H LUNDBECK A/S UNSPON ADR 7,269 7,211
    HARTFORD FINANCIALSERVICES GRO 14,356 17,878
    HARTFORD FINL SVCS GRP PFD - 7 8,561 8,670
    HASBRO INC 17,123 20,579
    HDFC BANK LTD ADR 77,602 107,956
    HEINEKEN N V S ADR 31,527 35,123
    HENKEL & KGAA PREF SHS 8,729 9,354
    HESS CORP 10,116 10,083
    HILL-ROM HOLDINGS, INC 16,248 16,165
    HITACHI LTD 28,056 32,236
    HOLLYFRONTIER CORP 9,705 8,815
    HOLLYSYS AUTOMATION TECHNOLOGI 11,458 11,223
    HOME DEPOT INC 45,668 56,311
    HONDA MOTOR CO LTD 5,130 5,226
    HONEYWELL INTL 13,265 19,143
    HONG KONG EX&CL UNSP/ADR 20,510 32,078
    HOYA CORP SPONS ADR 22,673 37,751
    HUBBELL INCORPORATED 8,686 12,073
    HUNTINGTON INGALLS INDUSTRIES 13,650 13,127
    HUNTSMAN CORP 11,942 17,724
    HYATT HOTELS CORP 12,190 17,300
    ICICI BK LTD ADS 46,619 51,163
    ICON PLC - AMERICAN DEPOSITARY 19,901 24,762
    IDACORP INC HLDG CO 5,340 5,282
    INARI MEDICAL INC 10,518 13,879
    INDUSTRIA DE DISENO 46,093 47,799
    INFOSYS TECH LTD SPD ADR 30,800 50,087
    INGERSOLL-RAND INC 7,888 14,260
    INGREDION INC 32,545 32,333
    INPHI CORPORATION 4,804 8,024
    INSPERITY INC 13,505 16,447
    INTEL CORP 35,808 33,080
    INTERCONTINENTAL EXCHANGE, INC 12,670 14,988
    INTERPUBLIC GROUP OF COS 5,746 7,315
    INVESCO MUNICIPAL OPPORTUNITY 22,081 23,166
    INVESCO MUNICIPAL TRUST 13,935 14,679
    INVESCO SENIOR INCOME TRUST 27,307 26,371
    INVESCO TRUST FOR INVESTMENT G 7,515 8,124
    IRADIMED CORP 3,386 3,283
    IRHYTHM TECHNOLOGIES INC 10,839 32,023
    ISHARES 0 5 YEAR HIGH YIELD CO 30,751 30,990
    ISHARES S&P U.S. PREFERRED STO 45,747 49,601
    ITT INC 9,237 14,095
    JAMES RIVER GROUP HOLDINGS LTD 16,909 22,265
    JD.COM, INC 75,504 97,305
    JERONIMO MARTINS 19,653 19,363
    JOHN HANCOCK PREMIUM DIVIDEND 8,166 8,601
    JOHNSON & JOHNSON 50,744 59,647
    JP MORGAN CHASE 27,743 33,674
    JP MORGAN CHASE AND CO PF SER 752 778
    JULIUS BAER GROUP LTD 24,991 31,455
    KBC GROUP SA UNSP ADR 29,996 31,227
    KBC GROUP SA/NV SHS 9,341 10,302
    KEYSIGHT TECHNOLOGIES INC 14,901 18,228
    KNORR BREMSE ADR 21,842 26,476
    KOITO MANUFACTURING 21,927 29,079
    KOMATSU LTD 58,132 68,757
    KONINKLIJKE AHOLD DELHAIZE NV 31,821 39,804
    KONINKLIJKE PHILIPS ELECTRONIC 28,121 30,606
    KROGER CO 8,707 10,481
    KUENE & NAGEL INTL AG ADR 21,435 31,206
    L'AIR LIQUIDE ADR OTC 27,162 29,173
    LABORATORY CORP AMER HLDGS 3,929 4,682
    LAIDLAW INTL 7,836 7,006
    LCI INDUSTRIES 15,101 27,752
    LEIDOS HOLDINGS INC 8,749 10,407
    LHC GROUP 10,168 21,759
    LIBERTY MEDIA CORPORATION - SE 5,110 6,901
    LINCOLN ELECTRIC HOLDING INC 12,340 18,368
    LINDE PLC COM 48,934 73,519
    LITHIA MOTORS INC CL A 12,974 14,341
    LITTELFUSE, INC 14,284 24,193
    LOCALIZA RENT A CAR SA 22,085 24,549
    LOCKHEED MARTIN CORP 24,806 25,559
    LOGITECH INTERNATIONAL 6,252 14,190
    LONGFOR PROPERTIES UNSP ADR 15,346 18,206
    LOWES COMPANIES INC 25,554 41,893
    LVMH MOET HENN UNSP 12,744 18,710
    LYFT INC 4,697 8,745
    MANTECH INTERNATIONAL CORP 4,129 5,247
    MARSH AND MCLENNAN COMPANIES I 34,478 43,992
    MATERION CORP 4,629 6,308
    MCDONALD'S CORP 22,231 33,474
    MCKESSON CORP 10,305 12,174
    MEDIA GENERAL CL A 8,249 8,669
    MEDICAL PROPERTIES TRUST, INC 10,262 14,098
    MEDTRONIC PLC 71,455 87,269
    MERCADOLIBRE, INC 7,696 25,128
    MERCK KGAA SPON ADR EACH REPR 35,765 46,984
    MICRON TECHNOLOGY 6,874 15,186
    MICROSOFT CORP 151,304 210,188
    MIRATI THERAPEUTICS INC 2,379 6,150
    MKS INSTRUMENTS, INC 16,881 30,692
    MOBILE TELSYS OJSC 17,997 15,582
    MOHAWK INDS INC 12,888 21,565
    MOMO INC 26,162 13,779
    MONDELEZ INTERNATIONAL INC 34,136 41,572
    MONDI PLC 6,907 7,357
    MONOLITHIC POWER SYSTEMS, INC 3,126 6,592
    MSA SAFETY INCORPORATED 19,281 32,119
    MURATA MFG INC UNSP/ADR 20,427 31,656
    NASPERS LTD N SPONS ADR 48,117 55,880
    NATERA INC 4,661 15,724
    NATIONAL GRID TRANSCO PLC 7,246 8,028
    NATIONAL INSTRUMENTS CORPORATI 9,791 10,018
    NATIONAL RURAL UTIL - 5.50% - 12,690 14,172
    NATL FUEL GAS CO 7,309 7,033
    NATL HEALTH INVESTOR 8,338 9,061
    NESTE ORD SHS 8,747 19,765
    NESTLE S.A 35,946 38,756
    NETEASE.COM INC COM STK 24,022 32,562
    NETWORK INTERNATIONAL HOLDINGS 21,374 20,656
    NEW ORIENTAL ED & TECHNOLOGY G 27,847 43,665
    NEW YORK TIMES CO CL A 15,082 24,798
    NEXTERA ENERGY, INC 14,123 18,670
    NIDEC CORPORATION ADR 6,242 14,867
    NINTENDO CO LTD ADR UNSPON 5,495 12,239
    NIPPON TELEGRAPH & TELEPHONE C 6,235 6,451
    NORDEA BANK ABP 38,161 34,166
    NORDSON CP 13,257 21,904
    NOVARTIS AG ADR 41,889 45,799
    NOVO NORDISK A S 15,944 19,069
    NOVOCURE LTD 6,394 25,956
    NUVEEN AMT FREE QUALITY MUNICI 41,473 44,696
    NUVEEN CREDIT STRATEGIES INCOM 31,089 27,599
    NUVEEN DIVIDEND ADVANTAGE MUNI 42,076 45,234
    NUVEEN MLT STR I&G 9,052 10,108
    NUVEEN MUNI VALUE FUND INC 2,150 2,276
    NUVEEN QUALITY PREFERRED INC F 10,676 11,647
    NVENT ELECTRIC PLC 14,165 17,351
    NXP SEMICONDUCTORS 5,100 10,654
    O'REILLY AUTOMOTIVE INC 17,160 19,461
    OIL CO LUKOIL PJSC SPON ADR RE 43,256 29,805
    OLYMPUS CORP S/ADR 33,810 34,842
    ONE GAS INC 3,612 3,148
    OPEN TEXT CORP 18,049 20,548
    ORIX CORP ADS 8,245 9,898
    PACKAGING CORP AMER 11,909 19,445
    PAGSEGURO DIGITAL LTD. 10,501 18,429
    PAPA JOHNS INTL INC 4,414 4,582
    PARKER HANNIFIN CP 16,183 21,793
    PARTNERRE LTD PFD H 4,296 4,205
    PERFORMANCE FOOD GROUP COMPANY 5,201 9,379
    PERNOD-RECARD SA 53,185 66,499
    PHIBRO ANIMAL HEALTH CORP 4,732 3,962
    PHILIP MORRIS INTL 37,433 38,083
    PHILLIPS 66 22,830 23,150
    PING AN INSURANCE GROUP ADR 37,326 41,381
    PNC FINANCIAL GROUP INC 11,755 15,645
    PORTLAND GEN ELEC 4,750 4,063
    POWER INTEGRATIONS, INC 7,501 18,255
    PPG INDUSTRIES INC 6,555 10,095
    PPL CORPORATION 11,267 12,549
    PRIMERICA, INC 10,090 13,661
    PROCTER GAMBLE CO 35,273 44,386
    PROSUS NV ADR 68,426 97,366
    PRYSMIAN SPA 9,395 14,685
    PT BANK CENTRAL ASIA TBK 20,405 20,779
    PT BK MANDIR PRS UNSP/ADR 13,908 13,573
    PTC INC 7,760 11,363
    PVH CORP 13,692 26,665
    QUALYS INC COM 10,940 19,621
    RAYMOND JAMES FINANCIAL INC 9,297 14,255
    RAYTHEON TECHNOLOGIES CORP 16,005 18,950
    REALPAGE, INC 6,584 14,046
    RECKITT BENCKISER GROUP 24,766 27,470
    REINSURANCE GROUP AMER INC 11,042 14,603
    REPLIGEN CORP 7,377 21,654
    REPUBLIC SVCS INC 15,456 17,238
    REVOLVE GROUP INC 14,760 15,117
    REXNORD CORP 10,626 13,624
    RIO TINTO PLC SPONSORED ADR 23,601 31,969
    RITCHIE BROS AUCTIONEERS 13,533 12,728
    ROCHE HOLDING LTD ADR 57,370 63,919
    ROCKWELL AUTOMATION INC 18,300 29,596
    RPM INTERNATIONAL INC 9,335 14,525
    RWE AKTIENGESELLSCHAF 21,130 31,193
    SAGE GROUP PLC 10,691 11,352
    SALESFORCE.COM 18,192 21,140
    SANDS CHINA LTD UNSP ADR 79,005 79,450
    SANDVIK AB SPONS ADR 38,041 46,623
    SANOFI-AVENTIS SPONSORED ADR 54,110 53,157
    SAP AKTIENGESELL ADS 34,514 34,945
    SBERBANK SPONSORED ADR 12,847 11,745
    SCHNEIDER ELEC UNSP/ADR 21,902 37,143
    SEAWORLD ENTERTAINMENT INC 10,674 16,016
    SEMTECH CORPORATION 8,803 15,139
    SERVISFIRST BANCSHARES INC 13,508 17,164
    SHERWIN-WILLIAMS CO 11,983 16,168
    SHINHAN FINL GROUP CO LTD 20,186 18,689
    SHOCKWAVE MEDICAL ORD SHS 7,960 8,609
    SIEMENS AG 47,143 48,961
    SILICON MOTION TECHNOLOGY CORP 12,286 14,541
    SK TELECOM ADS ADS 32,782 38,825
    SMC CORPORATION 13,118 18,923
    SMITH & NEPHEW PLC ADR 21,326 25,175
    SMITH A O CORP DEL COM 13,524 14,911
    SNAP ON INC 12,932 16,429
    SONY CORP ADR - OLD 41,598 62,480
    SOUTHWEST AIRLINES 14,324 20,462
    SPECTRIS PLC 9,893 12,124
    SPIRE INC 6,429 5,507
    SPX CORPORATION 7,528 8,236
    STERIS PLC 16,134 23,882
    STIFEL FINL CORP SER B 5.200% 6,646 7,009
    STONERIDGE INC 11,263 13,029
    STORE CAPITAL CORPORATION 9,390 19,674
    SUNNY OPTICAL TECHNOLOGY GROUP 16,254 21,456
    T. ROWE PRICE GROUP 11,711 18,167
    TAIWAN SEMICONDUCTOR MFG CO LT 133,403 281,542
    TAKEDA PHARMACEUTICAL COMPANY 14,396 14,342
    TARGA RESOURCES CORP 10,995 10,552
    TARGET CORPORATION 3,197 8,120
    TECHNOPRO HOLDINGS 5 SPONSORED 6,051 9,419
    TELEFLEX INC 6,768 9,466
    TEMENOS GROUP AG 36,721 33,989
    TENCENT HOLDINGS LIMITED 132,064 179,941
    TERRENO RLTY CORPCOM 7,006 8,133
    TEXAS INSTRUMENTS INC 29,687 39,719
    THE COCA-COLA CO 37,115 42,556
    THE MOSAIC CO 16,472 21,376
    THERMO FISHER SCIENTIFIC INC 21,517 30,741
    TIMKEN CO COM 8,769 13,770
    TJX COMPANIES INC 37,701 48,896
    TOPBUILD CORP 15,232 16,015
    TORREY PINES THERAPEUTICS 6,211 16,937
    TOTAL FINA ELF S.A 10,919 11,944
    TRAVELERS COMPANIES INC 11,278 15,441
    TREX CO INC 4,907 18,670
    TRIMBLE NAV LTD 5,639 12,152
    TRIP COM GROUP ADR 17,025 18,788
    TRUIST FINANCIAL CORPORATION 23,052 29,141
    TSINGTAO BREWERY CO LTD 13,938 21,012
    TWITTER INC 10,112 16,678
    UCB UNSP ADR 31,503 27,364
    UNILEVER PLC AMER 35,601 37,363
    UNION PACIFIC 22,278 31,649
    UNITED OVRSEAS BK LTD ADR 14,096 13,087
    UNITED PARCEL SERVICE 26,814 31,491
    UNITEDHEALTH GROUP INC 51,321 65,577
    UNIVERSAL DISPLAY CORP 14,949 22,980
    US BANCORP 17,240 17,704
    USD CYRUSONE INC 19,384 23,554
    V F CORP 21,509 31,602
    VAIL RESORTS INC 10,842 15,622
    VERACYTE INC 7,573 21,876
    VERIZON COMMUNICATIONS 18,021 20,563
    VIKING THERAPEUTICS INC 4,160 2,173
    VISA INC 42,264 51,839
    VMWARE INC 9,682 9,678
    WAL-MART DE MEX V SP/ADR 65,291 68,493
    WALGREENS BOOTS ALLIANCE 12,345 12,762
    WASHINGTON TRUST BANCORP INC 8,512 9,542
    WELLS FARGO & CO 38,613 31,085
    WELLS FARGO ADVANTAGE INCOME O 11,060 12,632
    WELLS FARGO COMPANY PREFERRED 2,540 3,329
    WELLS FARGO PFD SHS SER W - 5. 3,365 3,379
    WESTERN ASSET HI YLD DEFINED 12,303 12,860
    WESTERN ASSET HIGH INCOME OPPO 10,485 12,222
    WESTERN DIGITAL CORP 7,219 10,081
    WILEY JOHN & SONS INC CL A 5,038 6,164
    WILLIAMS COS 10,092 11,629
    WOLTERS KLUWER S/ADR 27,010 40,711
    WPX ENERGY INC 8,906 9,201
    XP INC CL A 15,292 16,185
    YANDEX N V 23,105 33,468
    YUM CHINA HOLDINGS INC 69,021 78,727
    ZURICH INS GROU ADR 41,004 48,722
    ZYNGA INC 7,820 16,404

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Sapphire Foundation Inc
    EIN:
    30-0674167
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALKEON GROWTH OFFSHORE FUND II   750,000 750,000
    BLUE MARLIN TALF   1,024,015 1,012,107
    ENERGY TFR OPERATING LP - SER   20,759 19,010
    GOOD RETURNS GROUP, INC   108,315 145,315
    HEADLANDS CPTL SECONDARY FD II   34,081 70,181
    JTL PRIVATE EQUITY FUND, L.P   1,444,583 631,225
    LUPTON HEDGE FUND PARTNERSHIP   10,229,628 11,561,922
    LUPTON INTERNATIONAL EQUITY PA   739,209 807,126
    LUPTON PRIVATE EQUITY FUND 201   641,812 688,479
    OAKTREE REAL ESTATE INCOME TRU   1,436,213 1,474,315
    PORTFOLIO ADV PVT EQT FUND 201   142,717 167,277

    TY 2020 OtherAssetsSchedule
    Name:
    Sapphire Foundation Inc
    EIN:
    30-0674167
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SUSTAIN INITIATIVE PRI   250,000 250,000


    TY 2020 OtherExpensesSchedule
    Name:
    Sapphire Foundation Inc
    EIN:
    30-0674167
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 40,892     40,892
    Bank Charges 5,078 5,078    
    Indemnification Insurance 2,032     2,032
    K-1 Exp BLUE MARLIN TALF 37,003 37,003    
    K-1 Exp ENERGY TRANSFER LP 102 96    
    K-1 Exp ENTERPRISE PRODUCTS PA 3      
    K-1 Exp HEADLANDS CPTL SECONDA 14,187 14,187    
    K-1 Exp JTL PRIVATE EQUITY FUN 22,873 18,936    
    K-1 Exp LUPTON HEDGE FUND PART 231,202 209,012    
    K-1 Exp LUPTON INTERNATIONAL E 11,048 10,650    
    K-1 Exp LUPTON PRIVATE EQUITY 15,908 15,436    
    K-1 Exp MAGELLAN MIDSTREAM PAR 2      
    K-1 Exp PLAINS ALL AMERICAN PI 83 55    
    CREDIT CARD FEES 38     38
    Office Supplies 429     429
    State or Local Filing Fees 20     20
    Website Hosting/Support 153     153


    TY 2020 OtherIncomeSchedule2
    Name:
    Sapphire Foundation Inc
    EIN:
    30-0674167
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss BLUE MARLIN TALF 51,240 51,240  
    K-1 Inc/Loss ENERGY TFR OPERATING LP - SER E 1,581 1,581  
    K-1 Inc/Loss ENERGY TRANSFER LP -1,037 142  
    K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP -802 -2  
    K-1 Inc/Loss HEADLANDS CPTL SECONDARY FD III LP (S 33 33  
    K-1 Inc/Loss JTL PRIVATE EQUITY FUND, L.P 9,933 3,810  
    K-1 Inc/Loss LUPTON HEDGE FUND PARTNERSHIP LP 567,896 487,703  
    K-1 Inc/Loss LUPTON INTERNATIONAL EQUITY PARTNERSH 29,381 29,381  
    K-1 Inc/Loss LUPTON PRIVATE EQUITY FUND 2019, GP 11,239 11,123  
    K-1 Inc/Loss MAGELLAN MIDSTREAM PARTNERS LP -1,078 381  
    K-1 Inc/Loss MPLX LP -579 39  
    K-1 Inc/Loss PHILLIPS 66 PARTNERS LP -464 50  
    K-1 Inc/Loss PLAINS ALL AMERICAN PIPELINE LP -1,204 1  
    K-1 Inc/Loss SHELL MIDSTREAM PARTNERS LP -249 241  
    K-1 Inc/Loss WESTERN MIDSTREAM PARTNERS, LP -1,426 11  
    Federal Tax Refund 1,734    
    Sec 751 Gain on Sale ENERGY TRANSFER LP 32,597    
    Sec 751 Gain on Sale ENTERPRISE PRODUCTS PARTNERS 39,182    
    Sec 751 Gain on Sale MAGELLAN MIDSTREAM PARTNERS L 19,264    
    Sec 751 Gain on Sale MPLX LP 27,817    
    Sec 751 Gain on Sale PHILLIPS 66 PARTNERS LP 5,996    
    Sec 751 Gain on Sale PLAINS ALL AMERICAN PIPELINE 11,675    
    Sec 751 Gain on Sale SHELL MIDSTREAM PARTNERS LP 7,423    
    Sec 751 Gain on Sale WESTERN MIDSTREAM PARTNERS, L 12,062    


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Sapphire Foundation Inc
    EIN:
    30-0674167
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 118,923 118,923    


    TY 2020 TaxesSchedule
    Name:
    Sapphire Foundation Inc
    EIN:
    30-0674167
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 20,600      
    990-T Extension for 2019 100      
    Foreign Tax Paid 15,403 15,403