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
ELIS OLSSON MEMORIAL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST POINT, VA231810300
A Employer identification number

54-6062436
B Telephone number (see instructions)

(804) 843-9066
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$11,596,876J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 290,766 290,766  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,547,330
b Gross sales price for all assets on line 6a 12,088,736
7 Capital gain net income (from Part IV, line 2)... 1,547,330
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........ 1,838,096 1,838,096  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 49,545 0   49,545
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 8,770 0   8,770
b Accounting fees (attach schedule)....... Click to see attachment 4,295 0   0
c Other professional fees (attach schedule).... Click to see attachment 103,271 99,181   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,775 4,233   3,790
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 106 0   12
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 187,762 103,414   62,117
25 Contributions, gifts, grants paid....... 7,806,590 7,806,590
26 Total expenses and disbursements. Add lines 24 and 25 7,994,352 103,414   7,868,707
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,156,256
b Net investment income (if negative, enter -0-) 1,734,682
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............. 798,592 490,663 490,663
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) 0 Click to see attachment150,002 150,002
b Investments—corporate stock (attach schedule)....... 5,563,163 Click to see attachment6,768,099 7,861,923
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment1,964,776 1,974,571
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,771,528 Click to see attachment1,161,804 1,119,717
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) 18,133,283 10,535,344 11,596,876
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........ 18,415,527 18,415,527
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -282,244 -7,880,183
29 Total net assets or fund balances (see instructions)..... 18,133,283 10,535,344
30 Total liabilities and net assets/fund balances (see instructions). 18,133,283 10,535,344
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
18,133,283
2
Enter amount from Part I, line 27a .....................
2
-6,156,256
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
11,977,027
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,441,683
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,535,344
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 2,406.739 SHARES IVA WORLDWIDE FUND-I P    
b 3,808.966 SHARES FPA CRESCENT FUND P    
c 11,162.79 SHARES BLACKSTONE ALT MULTI-STRAT-I P    
d 4,224.757 SHARES DFA L/C INTERNATIONAL PORTF P    
e 3,952.57 SHARES DFA US LARGE COMPANY PORT P    
1,853 SHARES ISHARES CORE MSCI EMERGING P    
24,330.9 SHARES VANGUARD INTRM BND IDX-ADM P    
42,016.807 SHARES BLACKSTONE ALT MULTI-STRAT-I P    
29 SHARES CDW CORP P    
16 SHARES ANSYS INC P    
75 SHARES CERIDIAN HCM HOLDING INC P    
37 SHARES PERKINELMER INC P    
11 SHARES ANSYS INC P    
40 SHARES SERVICEMASTER GLOBAL HOLDINGS P    
175 SHARES SERVICEMASTER GLOBAL HOLDINGS P    
10 SHARES ANSYS INC P    
12 SHARES COSTAR GROUP INC P    
61 SHARES HENRY SCHEIN INC P    
68 SHARES SERVICEMASTER GLOBAL HOLDINGS P    
131 SHARES SERVICEMASTER GLOBAL HOLDINGS P    
64 SHARES DENTSPLY SIRONA INC P    
111 SHARES SERVICEMASTER GLOBAL HOLDINGS P    
80 SHARES GRACO INC P    
240 SHARES TRIMBLE INC P    
139 SHARES HYATT HOTELS CORP CL A P    
123 SHARES DENTSPLY SIRONA INC P    
156 SHARES NATIONAL VISION HOLDINGS INC P    
119 SHARES HYATT HOTELS CORP CL A P    
17 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS P    
46 SHARES TRIMBLE INC P    
1 SHARE COSTAR GROUP INC P    
24 SHARES CERIDIAN HCM HOLDING INC P    
134 SHARES NATIONAL VISION HOLDINGS INC P    
50 SHARES HYATT HOTELS CORP CL A P    
4 SHARES COSTAR GROUP INC P    
13 SHARES TRANSDIGM GROUP INC P    
51 SHARES LIVE NATION ENTERTAINMENT INC P    
44 SHARES LIVE NATION ENTERTAINMENT INC P    
75 SHARES HYATT HOTELS CORP CL A P    
123 SHARES LIVE NATION ENTERTAINMENT INC P    
127 SHARES TRIMBLE INC P    
138 SHARES SHAKE SHACK INC - CLASS A P    
13 SHARES TELEFLEX INC P    
3 SHARES COSTAR GROUP INC P    
49 SHARES PTC INC P    
19 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS P    
78 SHARES LIVE NATION ENTERTAINMENT INC P    
4 SHARES COSTAR GROUP INC P    
6 SHARES TRANSDIGM GROUP INC P    
15 SHARES TELEFLEX INC P    
29 SHARES HEICO CORP P    
8 SHARES ANSYS INC P    
31 SHARES PTC INC P    
102 SHARES TRIMBLE INC P    
17 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS P    
24 SHARES HEICO CORP P    
70 SHARES IHS MARKIT LTD P    
45 SHARES STERIS PLC P    
52 SHARES LIVE NATION ENTERTAINMENT INC P    
6 SHARES TRANSDIGM GROUP INC P    
58 SHARES PTC INC P    
29 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS P    
54 SHARES CERIDIAN HCM HOLDING INC P    
28 SHARES IHS MARKIT LTD P    
54 SHARES CERIDIAN HCM HOLDING INC P    
3 SHARES COSTAR GROUP INC P    
8 SHARES TRANSDIGM GROUP INC P    
35 SHARES JACOBS ENGINEERING GROUP INC P    
51 SHARES PTC INC P    
3 SHARES COSTAR GROUP INC P    
35 SHARES PERKINELMER INC P    
1 SHARE CINCINNATI FINL CORP P    
1 SHARE REPLIGEN CORPORATION P    
3 SHARES VAIL RESORTS INC P    
1 SHARE SS&C TECHNOLOGIES HLDGS INC P    
1 SHARE ENTEGRIS INC P    
1 SHARE SERVICE CORP INTERNATIONAL P    
1 SHARE ROLLINS INC P    
2 SHARES SHAKE SHACK INC - CLASS A P    
3 SHARES CDW CORP P    
3 SHARES CLARIVATE PLC P    
1 SHARE GODADDY INC - CLASS A P    
1 SHARE STERIS PLC P    
3 SHARES FIRST REPUBLIC BANK P    
2 SHARES BROWN & BROWN INC P    
1 SHARE ULTA BEAUTY INC P    
1 SHARE IHS MARKIT LTD P    
1 SHARE PAYCHEX INC P    
3 SHARES TORO CO P    
1 SHARE MARTIN MARIETTA MATLS INC P    
2 SHARES CERIDIAN HCM HOLDING INC P    
3 SHARES JACOBS ENGINEERING GROUP INC P    
2 SHARES TRACTOR SUPPLY CO P    
2 SHARES AMPHENOL CORP P    
3 SHARES PERKINELMER INC P    
1 SHARE TELEFLEX INC P    
1 SHARE ANSYS INC P    
1 SHARE TRANSDIGM GROUP INC P    
1 SHARE COSTAR GROUP INC P    
1,957 SHARES HARSCO CORPORATION P    
334 SHARES BROOKFIELD ASSET MANAGE-CL A P    
575 SHARES NCR CORP P    
136 SHARES PROGRESSIVE CORP OHIO P    
3,353 SHARES SABRE CORP P    
2,834 SHARES LIBERTY LATIN AMERICA LTD CL C P    
236 SHARES CDK GLOBAL HOLDINGS LLC P    
254 SHARES MARATHON PETROLEUM CORPORATION P    
33 SHARES EXPEDIA GROUP INC P    
235 SHARES KINDER MORGAN INC P    
131 SHARES DISCOVERY INC SER C P    
108 SHARES COMCAST CORP-CL A P    
426 SHARES CIE FINANCIERE RICH UNSPONS ADR P    
46 SHARES AIR TRANSPORT SERVICES GRP INC P    
35 SHARES PREMIER INC P    
7 SHARES LIBERTY SIRIUSXM GROUP CL C P    
55 SHARES PROGRESSIVE CORP OHIO P    
1,121 SHARES MARATHON PETROLEUM CORPORATION P    
825 SHARES US BANCORP NEW P    
83 SHARES BERKSHIRE HATHAWAY INC-CL B P    
158 SHARES BROOKFIELD ASSET MANAGE-CL A P    
75 SHARES LIBERTY BROADBAND - SER C P    
734 SHARES EXPEDIA GROUP INC P    
1,235 SHARES YELP INC P    
1,999 SHARES CIE FINANCIERE RICH UNSPONS ADR P    
163 SHARES PROGRESSIVE CORP P    
884 SHARES CDK GLOBAL HOLDINGS LLC P    
469 SHARES KINDER MORGAN INC P    
131 SHARES PROGRESSIVE CORP P    
56 SHARES UNITEDHEALTH GROUP INC P    
515 SHARES NCR CORP P    
182 SHARES WALGREENS BOOTS ALLIANCE INC P    
525 SHARES KINDER MORGAN INC P    
811 SHARES DISCOVERY INC SER C P    
26 SHARES UNITEDHEALTH GROUP INC P    
133 UNITS LIBERTY MEDIA CORP - RIGHTS 6/02/20 P    
236 SHARES DISNEY WALT CO NEW P    
726 SHARES WALGREENS BOOTS ALLIANCE INC P    
164 SHARES DISNEY WALT CO NEW P    
1 UNIT LIBERTY MEDIA CORP - RIGHTS 6/02/20 P    
4 SHARES ALPHABET INC CL C P    
37 SHARES CHUBB LTD P    
47 SHARES MCKESSON CORP P    
31 SHARES UNITEDHEALTH GROUP INC P    
63 SHARES UNIFIRST CORP MASS P    
65 SHARES CHUBB LTD P    
27 SHARES UNITEDHEALTH GROUP INC P    
308 SHARES CORNING INC P    
125 SHARES NINTENDO LTD UNSPONS ADR P    
631 SHARES CORNING INC P    
143 SHARES NINTENDO LTD UNSPONS ADR P    
308 SHARES CORNING INC P    
4,792 SHARES GRAFTECH INTERNATIONAL LTD P    
5 SHARES ALPHABET INC CL C P    
274 SHARES CORNING INC P    
1,021 SHARES CORNING INC P    
3 SHARES LIBERTY SIRIUSXM GROUP CL C P    
3 SHARES PREMIER INC P    
2 SHARES DISCOVERY INC SER C P    
2 SHARES ARMSTRONG WORLD INDUSTRIES INC P    
2 SHARES NCR CORP P    
2 SHARES EPLUS INC P    
1 SHARE KINDER MORGAN INC P    
1 SHARE CIE FINANCIERE RICH UNSPONS ADR P    
1 SHARE CANNAE HOLDINGS INC P    
1 SHARE BRISTOL MYERS SQUIBB CO P    
3 SHARES LKQ CORP P    
2 SHARES AIR TRANSPORT SERVICES GRP INC P    
2 SHARES AES CORP P    
2 SHARES BROOKFIELD ASSET MANAGE-CL A P    
1 SHARE MCKESSON CORP P    
1 SHARE CHUBB LTD P    
2 SHARES ADVANCED AUTO PARTS P    
2 SHARES UNIFIRST CORP MASS P    
1 SHARE UNITEDHEALTH GROUP INC P    
2 SHARES GCI LIBERTY INC CL A P    
2 SHARES LIBERTY BROADBAND - SER C P    
94 SHARES APPLE INC P    
125 SHARES APPLE INC P    
294 SHARES WALMART INC P    
444 SHARES INTL BUSINESS MACHINES CORP P    
26 SHARES JOHNSON & JOHNSON P    
51 SHARES NIKE INC-CLASS B P    
35 SHARES MICROSOFT CORP P    
210 SHARES POLARIS INC P    
3 SHARES BIOGEN INC P    
44 SHARES NOVO NORDISK AS SPONS ADR P    
463 SHARES OTIS WORLDWIDE CORP P    
927 SHARES CARRIER GLOBAL CORP P    
0.5 SHARES OTIS WORLDWIDE CORP P    
217 SHARES NOVO NORDISK AS SPONS ADR P    
85 SHARES NOVO NORDISK AS SPONS ADR P    
11 SHARES APPLE INC P    
9 SHARES ALPHABET INC CL A P    
68 SHARES APPLE INC P    
2 SHARES RAYTHEON TECHNOLOGIES CORP P    
2 SHARES BECTON DICKINSON & CO P    
2 SHARES JOHNSON & JOHNSON P    
1 SHARE INTERNATIONAL FLAVORS & FRAGRANCES P    
1 SHARE COGNIZANT TECHNOLOGY SOLUTIONS CORP P    
1 SHARE COCA COLA CO P    
1 SHARE GENERAL DYNAMICS CORP P    
2 SHARES RECKITT BENCKISER GROUP SPONS ADR P    
1 SHARE 3M CO P    
1 SHARE VISA INC CL A P    
2 SHARES UNILEVER PLC SPONS ADR P    
1 SHARE NOVO NORDISK AS SPONS ADR P    
1 SHARE MEDTRONIC PLC P    
3 SHARES BIOGEN INC P    
1 SHARE ORACLE CORPORATION P    
2 SHARES STARBUCKS CORP P    
1 SHARE ACCENTURE PLC CL A P    
3 SHARES CH ROBINSON WORLDWIDE INC P    
1 SHARE AMGEN INC P    
2 SHARES BERKSHIRE HATHAWAY INC-CL B P    
1 SHARE MICROSOFT CORP P    
2 SHARES ALPHABET INC CL A P    
CHARLES SCHWAB INVESTMENT ACCOUNT (7090) P    
CHARLES SCHWAB INVESTMENT ACCOUNT (4511) P    
CHARLES SCHWAB INVESTMENT ACCOUNT (5996) P    
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 40,000   44,747 -4,747
b 130,000   129,217 783
c 120,000   119,155 845
d 100,000   92,142 7,858
e 100,000   72,944 27,056
99,180   99,182 -2
300,000   289,272 10,728
400,000   447,060 -47,060
4,116   2,379 1,737
4,211   3,255 956
5,486   4,028 1,458
3,749   497 3,252
3,017   1,611 1,406
1,471   2,287 -816
6,295   8,240 -1,945
2,923   1,456 1,467
8,823   6,795 2,028
4,177   3,203 974
2,515   2,760 -245
4,959   4,880 79
3,247   2,342 905
4,140   4,006 134
3,465   3,991 -526
5,209   10,002 -4,793
6,231   9,228 -2,997
4,043   4,364 -321
2,596   6,173 -3,577
5,654   9,659 -4,005
1,654   1,985 -331
1,321   1,478 -157
531   549 -18
1,239   1,242 -3
2,944   4,417 -1,473
2,645   3,503 -858
2,303   2,198 105
4,427   6,294 -1,867
2,300   3,590 -1,290
2,002   2,980 -978
3,479   4,994 -1,515
4,718   6,528 -1,810
4,359   2,385 1,974
6,189   8,765 -2,576
4,296   1,666 2,630
1,852   1,615 237
3,134   4,574 -1,440
2,049   3,266 -1,217
2,973   3,677 -704
2,362   2,153 209
1,850   34 1,816
5,083   1,893 3,190
2,172   2,989 -817
2,104   1,160 944
2,068   2,561 -493
3,646   1,844 1,802
2,064   2,510 -446
1,997   1,963 34
4,617   2,908 1,709
6,485   7,028 -543
2,082   2,344 -262
2,004   34 1,970
4,006   4,769 -763
3,376   2,075 1,301
3,904   2,748 1,156
2,082   923 1,159
4,485   2,726 1,759
2,086   1,615 471
3,535   45 3,490
3,012   3,233 -221
4,045   3,971 74
2,157   1,272 885
4,166   3,644 522
75   83 -8
140   139 1
679   677 2
59   57 2
67   62 5
41   34 7
53   34 19
131   108 23
327   301 26
84   57 27
73   44 29
165   134 31
304   268 36
87   50 37
213   170 43
77   33 44
76   26 50
244   188 56
218   154 64
151   81 70
267   195 72
277   205 72
205   115 90
352   210 142
329   126 203
300   83 217
472   6 466
817   345 472
38,210   39,134 -924
20,797   14,507 6,290
19,961   16,041 3,920
11,371   9,792 1,579
44,007   76,158 -32,151
43,887   59,696 -15,809
10,601   13,453 -2,852
8,588   15,559 -6,971
2,774   4,258 -1,484
3,638   4,828 -1,190
3,018   4,007 -989
4,097   4,725 -628
2,716   3,278 -562
726   1,125 -399
1,015   1,367 -352
285   345 -60
4,162   3,955 207
25,927   61,547 -35,620
27,442   37,829 -10,387
14,639   17,278 -2,639
6,209   8,319 -2,110
6,698   5,396 1,302
45,413   77,747 -32,334
22,790   44,261 -21,471
10,674   15,368 -4,694
12,093   11,709 384
29,128   46,249 -17,121
7,368   8,938 -1,570
10,055   9,282 773
15,720   13,489 2,231
10,148   15,498 -5,350
7,486   11,150 -3,664
7,996   8,964 -968
13,700   23,762 -10,062
7,258   6,118 1,140
912   885 27
27,614   27,675 -61
30,898   42,632 -11,734
19,429   19,231 198
15   4 11
5,748   4,980 768
5,217   4,077 1,140
7,687   6,158 1,529
9,613   7,295 2,318
11,391   9,471 1,920
7,981   7,163 818
7,697   6,229 1,468
8,099   6,588 1,511
7,305   6,402 903
16,755   13,365 3,390
8,020   7,289 731
8,876   6,515 2,361
34,731   58,643 -23,912
7,750   6,225 1,525
8,295   5,794 2,501
31,796   20,510 11,286
95   122 -27
90   111 -21
38   58 -20
130   141 -11
37   46 -9
144   150 -6
12   17 -5
7   8 -1
34   33 1
59   57 2
83   81 2
49   46 3
35   31 4
63   58 5
147   134 13
114   96 18
290   251 39
362   301 61
291   229 62
161   73 88
280   144 136
29,558   16,755 12,803
39,739   22,281 17,458
33,879   27,888 5,991
45,986   63,610 -17,624
3,334   3,662 -328
3,803   3,908 -105
5,046   3,864 1,182
10,889   18,171 -7,282
897   975 -78
2,605   2,361 244
21,695   27,665 -5,970
13,197   18,513 -5,316
23   25 -2
13,924   11,644 2,280
5,579   4,561 1,018
3,539   2,265 1,274
13,133   10,688 2,445
24,654   14,000 10,654
115   153 -38
451   485 -34
289   296 -7
115   121 -6
66   70 -4
48   50 -2
136   132 4
38   32 6
159   152 7
194   182 12
121   109 12
69   54 15
102   86 16
811   795 16
59   39 20
166   133 33
217   165 52
299   235 64
241   174 67
416   280 136
201   50 151
2,823   1,844 979
8,675,085   7,197,376 1,477,709
603,176   594,622 8,554
15,448   15,477 -29
235,871     235,871
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -4,747
b       783
c       845
d       7,858
e       27,056
      -2
      10,728
      -47,060
      1,737
      956
      1,458
      3,252
      1,406
      -816
      -1,945
      1,467
      2,028
      974
      -245
      79
      905
      134
      -526
      -4,793
      -2,997
      -321
      -3,577
      -4,005
      -331
      -157
      -18
      -3
      -1,473
      -858
      105
      -1,867
      -1,290
      -978
      -1,515
      -1,810
      1,974
      -2,576
      2,630
      237
      -1,440
      -1,217
      -704
      209
      1,816
      3,190
      -817
      944
      -493
      1,802
      -446
      34
      1,709
      -543
      -262
      1,970
      -763
      1,301
      1,156
      1,159
      1,759
      471
      3,490
      -221
      74
      885
      522
      -8
      1
      2
      2
      5
      7
      19
      23
      26
      27
      29
      31
      36
      37
      43
      44
      50
      56
      64
      70
      72
      72
      90
      142
      203
      217
      466
      472
      -924
      6,290
      3,920
      1,579
      -32,151
      -15,809
      -2,852
      -6,971
      -1,484
      -1,190
      -989
      -628
      -562
      -399
      -352
      -60
      207
      -35,620
      -10,387
      -2,639
      -2,110
      1,302
      -32,334
      -21,471
      -4,694
      384
      -17,121
      -1,570
      773
      2,231
      -5,350
      -3,664
      -968
      -10,062
      1,140
      27
      -61
      -11,734
      198
      11
      768
      1,140
      1,529
      2,318
      1,920
      818
      1,468
      1,511
      903
      3,390
      731
      2,361
      -23,912
      1,525
      2,501
      11,286
      -27
      -21
      -20
      -11
      -9
      -6
      -5
      -1
      1
      2
      2
      3
      4
      5
      13
      18
      39
      61
      62
      88
      136
      12,803
      17,458
      5,991
      -17,624
      -328
      -105
      1,182
      -7,282
      -78
      244
      -5,970
      -5,316
      -2
      2,280
      1,018
      1,274
      2,445
      10,654
      -38
      -34
      -7
      -6
      -4
      -2
      4
      6
      7
      12
      12
      15
      16
      16
      20
      33
      52
      64
      67
      136
      151
      979
      1,477,709
      8,554
      -29
      235,871
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 1,547,330
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 24,112
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 24,112
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 24,112
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 12,360
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 12,360
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 11,752
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   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$ 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. ...............................
    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 addressbulletN/A
    14
    The books are in care ofbulletC ELIS OLSSON Telephone no.bullet (804) 843-9066

    Located atbulletPO BOX 300WEST POINTVA ZIP+4bullet231810300
    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
    C ELIS OLSSON PRESIDENT & CHAIRMAN
    0.00     		0 0 0
    4170 TANAGER COURT
    WEST POINT,VA23181
    SHIRLEY C OLSSON VICE PRESIDENT & DIRECTOR
    0.00     		0 0 0
    BOX 300 ROMANCOKE FARM
    WEST POINT,VA23181
    LISA O EVERETT SECRETARY/TREASURER & DIRECTOR
    3.00     		0 0 0
    321 STURGEON DRIVE
    NAGS HEAD,NC27959
    ANNE O LOEBS DIRECTOR
    3.00     		0 0 0
    2212 CROYDON ROAD
    CHARLOTTESVILLE,VA22901
    INGA O ROGERS DIRECTOR
    3.00     		0 0 0
    4605 SUNSET DRIVE
    VERO BEACH,FL32963
    THELMA L DOWNEY EXECUTIVE DIRECTOR
    30.00     		46,045 3,500 0
    2535 OAK LANE
    WEST POINT,VA23181
    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
    17,987,836
    b
    Average of monthly cash balances.......................
    1b
    964,364
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,952,200
    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
    18,952,200
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    284,283
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    18,667,917
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    933,396
    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
    933,396
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    24,112
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,112
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    909,284
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    909,284
    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
    909,284
    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
    7,868,707
    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
    7,868,707
    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
    7,868,707
    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 7 909,284
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 692,479
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 7,868,707
    a Applied to 2019, but not more than line 2a 692,479
    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..... 909,284
    e Remaining amount distributed out of corpus 6,266,944
    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 6,266,944
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		6,266,944
    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.... 6,266,944
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ELIS OLSSON MEMORIAL FOUNDATION
    PO BOX 151
    WEST POINT,VA23181
    (804) 843-9066
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS SHOULD BE IN WRITTEN FORM AND APPLICANTS SHOULD BE QUALIFIIED EXEMPT CHARITABLE ORGANIZATIONS.
    cAny submission deadlines:
    APPLICATIONS ARE ACCEPTED THROUGHOUT THE YEAR. THE APPLICANT'S EXEMPT STATUS MUST BE CURRENT.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE LIMITED TO 501(C)(3) EXEMPT ORGANIZATIONS.
    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
    ALZHEIMERS ASSOCIATION GREATER RICHMOND CHAPTER
    4600 COX RD SUITE 130
    RICHMOND,VA23060     		NONE 501(C)(3) GENERAL PURPOSE 5,750
    AMERICAN CIVIL WAR MUSEUM
    480 TREDEGAR ST
    RICHMOND,VA23219     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    AMERICAN RED CROSS CAPITAL VIRGINIA CHAPTER
    420 E CARY STREET
    RICHMOND,VA23219     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    ANGELS OF MERCY MEDICAL CLINIC
    7151 RICHMOND ROAD STE 401
    WILLIAMSBURG,VA23188     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    ARTS ALIVE INC
    P O BOX 152
    WEST POINT,VA23181     		NONE 501(C)(3) GENERAL PURPOSE 20,000
    BAY AGING
    P O BOX 610
    URBANNA,VA23175     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    BEACH FOOD PANTRY INC
    P O BOX 1224
    KILL DEVIL HILLS,NC27948     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    BON SECOURS RICHMOND HEALTH CARE FOUNDATION
    5875 BREMO RD SUITE 305
    RICHMOND,VA23226     		NONE 501(C)(3) GENERAL PURPOSE 25,000
    BOYKIN SPANIEL FOUNDATION
    P O BOX 2047
    CAMDEN,SC29020     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    BOYKIN SPANIEL RESCUE INC
    1624 YORKTOWN DR
    CHARLOTTESVILLE,VA22901     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    BRIDGES OF CHANGE
    PO BOX
    NEW KENT,VA23124     		NONE 501(C)(3) GENERAL PURPOSE 4,500
    CASTING FOR CATS INC
    P O BOX 650
    ISLAMORADA,FL33036     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    CENTRAL KING & QUEEN VOLUNTEER FIRE DEPT
    KING QUEEN COURTHOUSE
    KING QUEEN,VA23085     		NONE 501(C)(3) GENERAL PURPOSE 60,000
    CHILDRENS HOSPITAL FOUNDATION
    2924 BROOK ROAD
    RICHMOND,VA232201298     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    CHILDRENS HOSPITAL OF THE KINGS DAUGHTERS
    601 CHILDRENS LANE
    NORFOLK,VA23507     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    COMMUNITY CARE CLINIC OF DARE
    2 JUNIPER TRAIL
    KITTY HAWK,NC27949     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    CROSSOVER HEALTHCARE MINISTRY
    8600 QUIOCCASIN RD STE 101
    RICHMOND,VA23229     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    CURE ALZHEIMERS FUND
    34 WASHINGTON ST SUITE 200
    WELLESLEY HILLS,MA02481     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    DOCTORS WITHOUT BORDERS
    333 7TH AVE 2ND FLOOR
    NEW YORK,NY10001     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    FEEDING AMERICA
    161 N CLARK STREET STE 700
    CHICAGO,IL60601     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    FEEDMORE
    1415 RHOADMILLER ST
    RICHMOND,VA23220     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    FOUNDATION FOR HISTORIC CHRIST CHURCH INC
    P O BOX 24
    IRVINGTON,VA224800024     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    FRIENDS OF PITT COUNTY ANIMAL SHELTER
    2850 E FIRE TOWER RD
    GREENVILLE,NC27858     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    GLOUCESTER-MATHEWS CARE CLINIC
    2276 GEORGE WASHINTON MEMORIAL HWY
    HAYES,VA23072     		NONE 501(C)(3) GENERAL PURPOSE 7,500
    GREATER WEST POINT FAMILY YMCA
    P O BOX 1526
    WEST POINT,VA23181     		NONE 501(C)(3) GENERAL PURPOSE 13,000
    HANDS ACROSS MATHEWS
    P O BOX 1303
    MATHEWS,VA23109     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    HISTORICAL SOCIETY OF WEST POINT
    P O BOX 1556
    WEST POINT,VA23181     		NONE 501(C)(3) GENERAL PURPOSE 41,240
    INDIAN RIVERS HUMANE SOCIETY
    P O BOX 264
    AYLETT,VA23009     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    INTERNATIONAL GAME FISH ASSOCIATION
    300 GULF STREAM WAY
    DANIA BEACH,FL33004     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    JACOBS LADDER INC
    P O BOX 55
    URBANNA,VA23175     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    LOWER KING & QUEEN FIRE-EMS INC
    C/O HCR-2 BOX 1113
    SHACLKEFORDS,VA23156     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    MELVIN ROSSON VETERANS OF FOREIGN WARS POST 8356
    P O BOX P
    WEST POINT,VA23181     		NONE 501(C)(3) GENERAL PURPOSE 16,000
    MERCY MEDICAL ANGELS
    4620 HAYGOOD RD SUITE 1
    VIRGINIA BEACH,VA23455     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    MIDDLESEX COUNTY VOLUNTEER RESCUE SQUAD
    BOX 98
    DELTAVILLE,VA23043     		NONE 501(C)(3) GENERAL PURPOSE 1,000
    NORFOLK SEAMENS FRIEND SOCIETY
    1385 FORDHAM DRIVE STE 105 231
    VIRGINIA BEACH,VA23464     		NONE 501(C)(3) GENERAL PURPOSE 1,500
    NORTHERN NECK-MIDDLESEX FREE HEALTH CLINIC
    PO BOX 1694
    KILMARNOCK,VA22482     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    OPERATION SHOESTRING
    P O BOX 11223
    JACKSON,MS392831223     		NONE 501(C)(3) GENERAL PURPOSE 2,500
    OUR LADY OF THE BLESSED SACRAMENT PRESCHOOL
    207 WEST EUCLID BLVD
    WEST POINT,VA23181     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    OUTER BANKS SPCA
    P O BOX 2477
    MANEO,NC27954     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    PROCLAIMING GRACE OUTREACH
    18457 NEW KENT HWY
    BARHAMSVILLE,VA23011     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    PROVIDENCE FORGE VOLUNTEER FIRE DEPT
    C/O NEW KENT COUNTY P O BOX 209
    NEW KENT,VA23124     		NONE 501(C)(3) GENERAL PURPOSE 3,000
    REMOTE AREA MEDICAL
    2200 STOCK CREEK BLVD
    ROCKFORD,TN37853     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    RIVERSIDE CONVALESCENT CENTER WEST POINT AUXILIARY
    2960 CHELSEA ROAD
    WEST POINT,VA23181     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    RURAL INFANT SERVICES PROGRAM
    P O BOX 40
    SALUDA,VA23149     		NONE 501(C)(3) GENERAL PURPOSE 2,500
    SCHWAB CHARITABLE FUND ANNE O LOEBS DAF
    C/O SBK FINANCIAL 1001 HAXALL POINT
    STE 705
    RICHMOND,VA23219     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    SCHWAB CHARITABLE FUND INGA O ROGERS DAF
    C/O SBK FINANCIAL 1001 HAXALL POINT
    STE 705
    RICHMOND,VA23219     		NONE 501(C)(3) GENERAL PURPOSE 75,000
    SCIENCE MUSEUM OF VIRGINIA FOUNDATION
    P O BOX 11624
    RICHMOND,VA232300624     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    SPAY TODAY INC
    4550-B COUNTY HOME RD
    GREENVILLE,NC27858     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    ST ANDREWS SCHOOL
    227 S CHERRY STREET
    RICHMOND,VA23220     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    THE BILLFISH FOUNDATION
    5100 N FEDERAL HWY SUITE 200
    FT LAUDERDALE,FL33308     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    THE COMMUNITY FOUNDATION
    7325 BEAUFONT SPRINGS DR STE 210
    RICHMOND,VA232255546     		NONE 501(C)(3) GENERAL PURPOSE 10,500
    THE CORNERSTONE COMMUNITY DEVELOPMENT CENTER
    PO BOX 68
    AYLETT,VA23009     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    THE DOORWAYS
    612 E MARSHALL STREET
    RICHMOND,VA23219     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    THE INT'L WOMENS FISHING ASSOC SCHOLARSHIP TRUST
    205 E ENID DRIVE
    KEY BISCAYNE,FL33149     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    THE MENOKIN FOUNDATION
    P O BOX 1221
    WARSAW,VA22572     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    THE NATIONAL MULTIPLE SCLEROSIS SOCIETY
    PO BOX 452
    ARK,VA23003     		NONE 501(C)(3) GENERAL PURPOSE 6,000
    THRIVE VIRGINIA
    7911 COURTHOUSE CIR
    NEW KENT,VA23124     		NONE 501(C)(3) GENERAL PURPOSE 17,500
    UNIVERSITY OF VIRGINIA HEALTH FOUNDATION
    2410 OLD IVY ROAD
    CHARLOTTESVILLE,VA22903     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    UNIVERSITY OF RICHMOND
    28 WESTHAMPTON WAY
    RICHMOND,VA23173     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    VERSABILITY RESOURCES
    2520 58TH STREET
    HAMPTON,VA23661     		NONE 501(C)(3) GENERAL PURPOSE 3,000
    VICTORY JUNCTION GANG INC
    4500 ADAMS WAY
    RANDLEMAN,NC27317     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    VIRGINIA COMMONWEALTH UNIVERSITY
    111 N 4TH ST
    RICHMOND,VA23284     		NONE GOV GENERAL PURPOSE 5,000
    VIRGINIA UNION UNIVERSITY
    1500 NORTH LOMBARDY STREET
    RICHMOND,VA23220     		NONE GOV GENERAL PURPOSE 5,000
    WALKERTON COMMUNITY FIRE ASSOCIATION
    P O BOX 85
    WALKERTON,VA23177     		NONE 501(C)(3) GENERAL PURPOSE 15,000
    WEST POINT HIGH SCHOOL
    2700 MATTAPONI AVENUE
    WEST POINT,VA23181     		NONE 501(C)(3) GENERAL PURPOSE 2,500
    WEST POINT HIGH SCHOOL AND WEST POINT MIDDLE SCHOOL
    2700 MATTAPONI AVENUE
    WEST POINT,VA23181     		NONE 501(C)(3) GENERAL PURPOSE 2,500
    WEST POINT MINISTERS ASSOCIATION
    P O BOX 1139
    WEST POINT,VA23181     		NONE 501(C)(3) GENERAL PURPOSE 22,500
    WEST POINT PUBLIC SCHOOLS
    P O BOX T
    WEST POINT,VA23181     		NONE GOV GENERAL PURPOSE 215,000
    WEST POINT RURITAN FOUNDATION INC
    P O BOX 803 WEST
    WEST POINT,VA231810803     		NONE 501(C)(3) GENERAL PURPOSE 1,500
    WEST POINT SCHOOLS COMBINED PTO
    1060 THOMPSON AVE
    WEST POINT,VA23181     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    WEST POINT VOLUNTER FIRE DEPT & RESCUE SQUAD
    P O BOX X
    WEST POINT,VA23181     		NONE 501(C)(3) GENERAL PURPOSE 11,510
    WINGS OF HOPE INC
    18370 WINGS OF HOPE BLVD
    ST LOUIS,MO63005     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    DAF - NEW TRINITY CHARITABLE FUND ( SCHWAB CHARITABLE)
    PO BOX 628298
    ORLANDO,FL32862     		NONE 501(C)(3) GRANT MAKING 3,429,795
    DAF - QUERCUS CHARITABLE FUND ( SCHWAB CHARITABLE)
    PO BOX 628298
    ORLANDO,FL32862     		NONE 501(C)(3) GENERAL PURPOSES 3,429,795
    Total .................................bullet 3a 7,806,590
    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 ...........     		         
    4 Dividends and interest from securities....     14 290,766  
    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 1,547,330  
    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 1,838,096 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,838,096
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    ELIS OLSSON MEMORIAL FOUNDATION
    EIN:
    54-6062436
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 4,295 0   0

    TY 2020 GeneralExplanationAttachment
    Name:
    ELIS OLSSON MEMORIAL FOUNDATION
    EIN:
    54-6062436
    Identifier Return Reference Explanation
    EXPLANATION FOR AMENDED RETURN FORM 990PF, PART I, LINE 25 THE RETURN IS BEING AMENDED TO REFLECT ADDITIONAL GRANTS PAID ON PART 1, LINE 25 THAT WERE ORGINALLY REPORTED ON PART III, LINE 5.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ELIS OLSSON MEMORIAL FOUNDATION
    EIN:
    54-6062436
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS & FIXED INCOME 1,964,776 1,974,571

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ELIS OLSSON MEMORIAL FOUNDATION
    EIN:
    54-6062436
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITY SECURITIES 6,768,099 7,861,923

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    ELIS OLSSON MEMORIAL FOUNDATION
    EIN:
    54-6062436
    US Government Securities - End of Year Book Value:

    150,002
    US Government Securities - End of Year Fair Market Value:

    150,002
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    ELIS OLSSON MEMORIAL FOUNDATION
    EIN:
    54-6062436
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENTS AT COST 1,161,804 1,119,717

    TY 2020 LegalFeesSchedule
    Name:
    ELIS OLSSON MEMORIAL FOUNDATION
    EIN:
    54-6062436
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 8,770 0   8,770


    TY 2020 OtherDecreasesSchedule
    Name:
    ELIS OLSSON MEMORIAL FOUNDATION
    EIN:
    54-6062436
    Description Amount
    BOOK TAX DIFFERENCE IN ASSETS 1,441,683


    TY 2020 OtherExpensesSchedule
    Name:
    ELIS OLSSON MEMORIAL FOUNDATION
    EIN:
    54-6062436
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 12 0   12
    MISCELLANEOUS 94 0   0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ELIS OLSSON MEMORIAL FOUNDATION
    EIN:
    54-6062436
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WEALTH MANAGEMENT FEES 103,271 99,181   0


    TY 2020 TaxesSchedule
    Name:
    ELIS OLSSON MEMORIAL FOUNDATION
    EIN:
    54-6062436
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 3,790 0   3,790
    FOREIGN TAXES 4,233 4,233   0
    EXCISE 13,752 0   0