Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE LOWNDES FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)100 FEDERAL ST 37TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

57-1027898
B Telephone number (see instructions)

(864) 583-3635
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$19,872,491J 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... 206,346 193,775  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,304,373
b Gross sales price for all assets on line 6a 4,376,864
7 Capital gain net income (from Part IV, line 2)... 1,304,373
8 Net short-term capital gain......... 0
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........ 1,510,719 1,498,148  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 725 544 0 181
c Other professional fees (attach schedule).... Click to see attachment 56,740 42,555   14,185
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,219 2,433   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 109,489 24   8
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 172,173 45,556 0 14,374
25 Contributions, gifts, grants paid....... 830,000 830,000
26 Total expenses and disbursements. Add lines 24 and 25 1,002,173 45,556 0 844,374
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 508,546
b Net investment income (if negative, enter -0-) 1,452,592
c Adjusted net income (if negative, enter -0-)... 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......... 567,951 759,871 759,871
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,674,993 Click to see attachment9,699,320 17,418,868
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,359,457 Click to see attachment859,457 1,686,793
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) 6,592 1,466 6,959
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,608,993 11,320,114 19,872,491
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
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........ 10,608,993 11,320,114
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 10,608,993 11,320,114
30 Total liabilities and net assets/fund balances (see instructions). 10,608,993 11,320,114
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
10,608,993
2
Enter amount from Part I, line 27a .....................
2
508,546
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
211,589
4
Add lines 1, 2, and 3 ..........................
4
11,329,128
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
9,014
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,320,114
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 134. APPLE INC COM     2020-01-02
b 245. WELLS FARGO & CO NEW COM     2020-01-02
c 124. WELLS FARGO & CO NEW COM   2008-11-07 2020-01-02
d 160. WELLS FARGO & CO NEW COM   2008-11-07 2020-01-02
e 122. UNITEDHEALTH GROUP INC COM   2009-10-08 2020-01-14
1004. WELLS FARGO & CO NEW COM     2020-01-14
141. WELLS FARGO & CO NEW COM     2020-01-14
134. T MOBILE US INC COM   2018-12-20 2020-02-12
75. T MOBILE US INC COM   2018-12-20 2020-02-12
113. T MOBILE US INC COM     2020-02-12
30. AMERICAN TOWER CORPORATION   2018-06-20 2020-02-28
83. AMERICAN TOWER CORPORATION   2018-06-20 2020-02-28
174. DANAHER CORP COM   2017-06-20 2020-03-02
30. DANAHER CORP COM   2017-06-20 2020-03-02
117. FIDELITY NATL INFORMATION SVCS INC COM     2020-03-02
160. FISERV INC COM   2008-02-04 2020-03-02
301. INTERCONTINENTAL EXCHANGE, INC COM     2020-03-02
29. INTERCONTINENTAL EXCHANGE, INC COM   2017-11-30 2020-03-02
50. DUPONT DE NEMOURS INC COM   2017-12-21 2020-03-03
118. DUPONT DE NEMOURS INC COM   2017-12-21 2020-03-03
401. DUPONT DE NEMOURS INC COM     2020-03-03
1908. KINDER MORGAN INC DEL COM     2020-03-04
621. KINDER MORGAN INC DEL COM     2020-03-04
186. ZOETIS INC CL A   2018-12-11 2020-03-04
244. WESTERN ALLIANCE BANCORP COM   2019-11-04 2020-03-12
489. WESTERN ALLIANCE BANCORP COM     2020-03-12
237. BOEING CO COM   2013-01-17 2020-03-13
114. PIONEER NAT RES CO COM   2019-07-11 2020-03-17
59. ALPHABET INC CAP STK CL C     2020-03-18
211. MARRIOTT INTERNATIONAL CL A   2020-03-04 2020-03-18
11. MARRIOTT INTERNATIONAL CL A   2020-03-04 2020-03-18
35. MARRIOTT INTERNATIONAL CL A     2020-03-18
136. MARRIOTT VACATIONS WRLDWDE CP COM     2020-03-19
110. MARRIOTT VACATIONS WRLDWDE CP COM   2020-03-02 2020-03-19
47. MARRIOTT VACATIONS WRLDWDE CP COM   2018-11-05 2020-03-19
209. MARRIOTT INTERNATIONAL CL A   2020-03-04 2020-03-19
48. MARRIOTT INTERNATIONAL CL A     2020-03-19
158. EURONET WORLDWIDE INC COM     2020-03-24
394. KAR AUCTION SVCS INC COM     2020-03-24
409. KAR AUCTION SVCS INC COM     2020-03-24
402. MERCK & CO INC NEW COM     2020-03-24
11. MERCK & CO INC NEW COM   2009-06-08 2020-03-24
285. CIGNA CORP NEW USD     2020-03-26
260. EOG RES INC COM   2019-06-25 2020-03-27
680. EOG RES INC COM     2020-03-27
127. EOG RES INC COM   2015-07-28 2020-03-27
15. CITIGROUP INC COM NEW   2017-07-31 2020-03-31
7. CITIGROUP INC COM NEW   2017-07-31 2020-03-31
1004. CITIGROUP INC COM NEW     2020-03-31
291. HEXCEL CORP NEW COM     2020-04-03
156. HEXCEL CORP NEW COM     2020-04-03
197. WEX INC COM   2012-09-21 2020-04-03
154. FIDELITY NATL INFORMATION SVCS INC COM   2012-11-20 2020-04-15
206. VISA INC COM CL A     2020-04-16
140. EURONET WORLDWIDE INC COM     2020-04-22
56. EURONET WORLDWIDE INC COM   2016-01-20 2020-04-22
110. JONES LANG LASALLE INC COM     2020-04-22
9. JONES LANG LASALLE INC COM   2009-06-19 2020-04-22
19. JONES LANG LASALLE INC COM   2009-06-19 2020-04-22
20. JONES LANG LASALLE INC COM   2009-06-19 2020-04-23
428. MERCK & CO INC NEW COM     2020-04-30
.898 RAYTHEON TECHNOLOGIES CORP COM   2018-08-20 2020-05-11
600. FIDELITY NATL INFORMATION SVCS INC COM     2020-05-18
122. CARRIER GLOBAL CORPORATION COM     2020-06-02
122. CARRIER GLOBAL CORPORATION COM   2018-06-20 2020-06-02
854. CARRIER GLOBAL CORPORATION COM     2020-06-02
99. EQUINIX INC COM PAR     2020-06-02
404. MEDTRONIC PLC SHS     2020-06-03
487. FISERV INC COM     2020-06-08
300. BORGWARNER INC COM     2020-06-16
101. BORGWARNER INC COM   2016-09-26 2020-06-16
85. BORGWARNER INC COM   2016-09-26 2020-06-16
118. MOHAWK INDS INC COM     2020-06-16
17. MOHAWK INDS INC COM     2020-06-16
187. XYLEM INC COM     2020-06-16
134. XYLEM INC COM     2020-06-16
31. XYLEM INC COM   2019-01-09 2020-06-16
165. FISERV INC COM     2020-06-18
138. EURONET WORLDWIDE INC COM   2016-01-20 2020-06-24
72. EURONET WORLDWIDE INC COM   2016-01-20 2020-06-24
286. FISERV INC COM   2008-11-04 2020-06-24
157. AMETEK INC NEW COM   2008-11-03 2020-06-25
51. HUBBELL INC COM     2020-06-25
61. HUBBELL INC COM     2020-06-25
130. ROSS STORES INC COM   2012-05-16 2020-06-25
27. ROSS STORES INC COM   2012-05-16 2020-06-25
204. T MOBILE US INC COM   2019-04-02 2020-06-25
73. DISNEY WALT CO COM   2020-01-02 2020-06-26
219. DISNEY WALT CO COM     2020-06-26
86. T MOBILE US INC COM     2020-06-26
615. CAPITAL ONE FINL CORP COM     2020-06-30
11. CAPITAL ONE FINL CORP COM   2013-02-28 2020-06-30
1370. T MOBILE US INC RT EXP 07/27/2020     2020-07-01
497. T MOBILE US INC RT EXP 07/27/2020     2020-07-01
24. AMAZON.COM INC COM     2020-07-08
16. AUTOZONE INC COM   2008-02-04 2020-07-08
75. ULTA BEAUTY, INC   2015-06-25 2020-07-13
182. MASCO CORP COM     2020-07-15
63. CONCHO RES INC COM   2017-07-05 2020-07-20
158. CONCHO RES INC COM     2020-07-20
21. UNIVERSAL HLTH SVCS INC CL B     2020-07-20
60. UNIVERSAL HLTH SVCS INC CL B     2020-07-20
191. BRIGHT HORIZONS FAM SOL IN DEL COM     2020-08-03
58. KANSAS CITY SOUTHERN COM     2020-08-03
103. EPAM SYS INC COM     2020-08-18
149. INTERCONTINENTAL EXCHANGE, INC COM     2020-09-03
376. APPLE INC COM   2009-09-02 2020-09-11
1015. CITIGROUP INC COM NEW     2020-09-11
5. DANAHER CORP COM   2017-06-20 2020-09-11
208. DANAHER CORP COM     2020-09-11
104. DOLLAR GEN CORP NEW COM   2013-01-09 2020-09-21
114. UNIVERSAL HLTH SVCS INC CL B   2014-05-23 2020-10-07
63. UNIVERSAL HLTH SVCS INC CL B   2014-05-23 2020-10-07
25. COMCAST CORP CL A   2014-11-11 2020-10-09
93. COMCAST CORP CL A     2020-10-09
863. COMCAST CORP CL A     2020-10-09
254. LIVONGO HEALTH INC COM     2020-11-02
210. AUTOMATIC DATA PROCESSING INC COM     2020-11-05
147. DANAHER CORP COM   2012-06-05 2020-11-05
326. GLOBAL BLOOD THERAPEUTICS INC COM     2020-11-09
97. GLOBAL BLOOD THERAPEUTICS INC COM   2020-06-16 2020-11-09
61. THERMO FISHER CORP COM   2015-07-14 2020-11-09
24. QUALCOMM INC COM   2015-06-11 2020-11-13
224. QUALCOMM INC COM     2020-11-13
280. APPLE INC COM   2009-09-02 2020-11-16
48. BLACKROCK INC COM     2020-11-16
163. UNION PAC CORP COM   2015-11-10 2020-11-16
.368 TELADOC HEALTH   2020-11-09 2020-12-02
156. ABBOTT LABORATORIES COM   2020-11-09 2020-12-03
35. ADOBE INC.   2018-12-18 2020-12-03
16. ALPHABET INC CAP STK CL C   2014-10-21 2020-12-03
10. ALPHABET INC CAP STK CL A     2020-12-03
20. AMAZON.COM INC COM     2020-12-03
128. AMERICAN ELEC PWR INC COM     2020-12-03
39. AMERICAN TOWER CORPORATION   2018-06-20 2020-12-03
70. AMERICAN WTR WKS CO INC NEW COM   2020-06-03 2020-12-03
88. ANALOG DEVICES INC COM   2018-12-28 2020-12-03
36362.435 ANGEL OAK MULTI-STRATEGY INCOME FUND CLASS I     2020-12-03
284. APPLE INC COM   2009-09-02 2020-12-03
245. ASTRAZENECA PLC SPONSORED ADR     2020-12-03
59. AUTOMATIC DATA PROCESSING INC COM   2008-11-04 2020-12-03
21. BLACKROCK INC COM   2019-03-26 2020-12-03
268. BLACKSTONE GROUP INC COM CL A     2020-12-03
51. CIGNA CORP NEW USD   2015-12-03 2020-12-03
76. CHEVRON CORP NEW COM     2020-12-03
422. CISCO SYS INC COM     2020-12-03
200. COMCAST CORP CL A   2011-08-19 2020-12-03
87. DANAHER CORP COM     2020-12-03
65. DISNEY WALT CO COM   2019-10-17 2020-12-03
62. DOLLAR GEN CORP NEW COM   2013-01-09 2020-12-03
66. ECOLAB INC COM   2019-10-29 2020-12-03
127. FIDELITY NATL INFORMATION SVCS INC COM   2018-10-03 2020-12-03
151. FISERV INC COM   2019-01-25 2020-12-03
62. HOME DEPOT INC COM   2018-12-28 2020-12-03
103. HONEYWELL INTERNATIONAL INC COM     2020-12-03
146. INTERCONTINENTAL EXCHANGE, INC COM   2017-11-30 2020-12-03
149. JPMORGAN CHASE & CO COM   2012-03-01 2020-12-03
210. JOHNSON & JOHNSON COM     2020-12-03
247. MICROSOFT CORP COM   2011-03-15 2020-12-03
276. MONDELEZ INTL INC COM   2020-09-11 2020-12-03
194. NEXTERA ENERGY INC COM   2015-08-24 2020-12-03
97. ORACLE CORP COM   2008-12-19 2020-12-03
137. OTIS WORLDWIDE CORP COM     2020-12-03
66. PNC FINL SVCS GROUP INC COM   2020-11-16 2020-12-03
95. PEPSICO INC COM   2019-08-06 2020-12-03
57. PIONEER NAT RES CO COM   2017-02-01 2020-12-03
155. QUALCOMM INC COM   2016-11-18 2020-12-03
193. RAYTHEON TECHNOLOGIES CORP COM     2020-12-03
30. ROPER TECHNOLOGIES, INC.   2020-09-11 2020-12-03
54. SALESFORCE COM INC COM   2020-03-18 2020-12-03
404. SCHWAB CHARLES CORP NEW COM     2020-12-03
56. STRYKER CORP COM   2010-08-23 2020-12-03
238. TJX COS INC NEW COM   2019-08-06 2020-12-03
163. T MOBILE US INC COM     2020-12-03
66. TEXAS INSTRUMENTS INC COM     2020-12-03
38. THERMO FISHER CORP COM   2015-07-14 2020-12-03
73.188 TWEEDY BROWNE GLOBAL VALUE FUND #1     2020-12-03
25662.04 TWEEDY BROWNE GLOBAL VALUE FUND #1     2020-12-03
275. US BANCORP DEL COM NEW     2020-12-03
75. UNION PAC CORP COM     2020-12-03
79. UNITEDHEALTH GROUP INC COM     2020-12-03
101. VF CORP COM   2018-12-28 2020-12-03
140. VISA INC COM CL A     2020-12-03
123. WASTE MANAGEMENT INC COM   2019-11-07 2020-12-03
78. ZOETIS INC CL A     2020-12-03
15. ZOETIS INC CL A   2020-11-13 2020-12-03
59. LINDE PLC COM     2020-12-03
124. MEDTRONIC PLC SHS   2015-01-26 2020-12-03
255. CENTENE CORP DEL COM     2020-12-04
606. ORACLE CORP COM     2020-12-04
137. ORACLE CORP COM     2020-12-04
183. ORACLE CORP COM   2008-10-24 2020-12-04
167. QUALCOMM INC COM   2016-11-18 2020-12-04
631. CENTENE CORP DEL COM     2020-12-21
764. HD SUPPLY HLDGS INC COM     2020-12-28
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 39,991   19,939 20,052
b 13,161   7,419 5,742
c 6,663   3,351 3,312
d 8,596   4,324 4,272
e 34,912   2,901 32,011
49,959   26,118 23,841
7,000   3,339 3,661
12,826   8,622 4,204
7,157   4,826 2,331
10,798   7,043 3,755
6,818   4,219 2,599
18,583   11,671 6,912
25,437   14,915 10,522
4,328   2,572 1,756
16,932   2,609 14,323
17,756   2,077 15,679
27,375   22,002 5,373
2,609   2,069 540
2,206   5,298 -3,092
5,157   12,503 -7,346
17,612   41,179 -23,567
38,326   31,268 7,058
12,463   9,626 2,837
26,042   16,714 9,328
6,962   12,534 -5,572
13,953   28,790 -14,837
38,996   17,420 21,576
6,589   16,678 -10,089
63,832   31,441 32,391
11,899   24,000 -12,101
593   1,251 -658
1,860   3,926 -2,066
5,531   13,261 -7,730
4,473   10,768 -6,295
1,904   4,569 -2,665
12,966   23,348 -10,382
2,734   5,362 -2,628
12,648   13,249 -601
4,036   9,093 -5,057
4,189   10,193 -6,004
27,457   11,596 15,861
755   259 496
46,154   42,759 3,395
9,256   23,500 -14,244
24,209   61,530 -37,321
4,619   9,793 -5,174
659   1,024 -365
308   478 -170
43,722   61,780 -18,058
9,081   15,365 -6,284
4,967   7,964 -2,997
18,117   13,929 4,188
18,459   3,429 15,030
33,344   18,426 14,918
11,495   10,169 1,326
4,598   4,036 562
10,862   7,488 3,374
884   293 591
1,873   618 1,255
1,989   651 1,338
34,141   9,355 24,786
51   77 -26
82,105   10,714 71,391
2,636   2,550 86
2,561   2,545 16
18,147   11,685 6,462
68,535   5,207 63,328
39,373   33,016 6,357
52,145   4,424 47,721
10,100   13,903 -3,803
3,396   3,514 -118
2,854   2,957 -103
11,625   6,940 4,685
1,699   571 1,128
12,532   14,734 -2,202
8,964   9,088 -124
2,079   2,083 -4
17,087   1,494 15,593
12,894   9,947 2,947
6,844   5,190 1,654
27,868   2,530 25,338
13,435   2,316 11,119
6,048   5,872 176
7,232   6,781 451
10,831   4,039 6,792
2,261   839 1,422
22,542   14,241 8,301
8,037   10,742 -2,705
23,892   32,035 -8,143
9,281   5,999 3,282
38,423   39,664 -1,241
689   564 125
229     229
83     83
73,034   26,448 46,586
17,769   1,887 15,882
14,794   11,643 3,151
9,387   7,010 2,377
3,220   7,711 -4,491
8,086   8,563 -477
2,004   1,971 33
5,775   5,400 375
20,431   15,199 5,232
10,201   4,348 5,853
31,287   3,647 27,640
15,480   2,313 13,167
41,537   2,232 39,305
51,766   44,691 7,075
1,024   429 595
42,618   9,884 32,734
21,193   4,461 16,732
12,486   10,229 2,257
6,978   5,653 1,325
1,131   662 469
4,213   2,343 1,870
38,872   11,055 27,817
1,077     1,077
34,514   6,308 28,206
35,551   5,636 29,915
12,649   23,310 -10,661
3,814   6,504 -2,690
29,892   8,330 21,562
3,494   1,582 1,912
32,333   14,708 17,625
33,592   1,662 31,930
32,412   21,417 10,995
33,626   13,799 19,827
70   68 2
16,841   17,150 -309
17,055   7,949 9,106
29,363   8,375 20,988
18,313   2,573 15,740
64,128   31,095 33,033
10,834   11,792 -958
8,954   5,484 3,470
10,794   9,236 1,558
12,427   7,558 4,869
374,169   413,933 -39,764
34,905   1,686 33,219
12,833   13,650 -817
10,145   1,749 8,396
15,004   8,828 6,176
16,493   12,547 3,946
10,903   7,024 3,879
6,869   10,296 -3,427
18,483   20,392 -1,909
10,314   2,021 8,293
19,576   3,198 16,378
10,005   8,609 1,396
13,162   2,659 10,503
14,710   12,816 1,894
18,878   13,729 5,149
17,605   12,767 4,838
16,731   10,632 6,099
21,432   14,858 6,574
15,543   10,414 5,129
18,078   5,960 12,118
31,218   27,936 3,282
53,057   6,251 46,806
16,137   15,856 281
14,410   5,098 9,312
5,783   1,733 4,050
9,133   8,726 407
9,316   8,320 996
13,716   11,997 1,719
5,891   10,234 -4,343
23,539   10,115 13,424
14,096   15,624 -1,528
12,503   11,964 539
12,100   7,021 5,079
20,482   18,682 1,800
13,077   2,601 10,476
15,569   12,461 3,108
21,538   9,817 11,721
10,824   8,504 2,320
18,215   5,189 13,026
1,999   2,027 -28
700,830   682,732 18,098
12,350   15,028 -2,678
15,309   2,881 12,428
27,690   1,825 25,865
8,763   6,735 2,028
29,332   11,095 18,237
14,451   13,567 884
12,304   12,944 -640
2,366   2,487 -121
14,829   9,644 5,185
13,977   9,383 4,594
16,354   17,073 -719
36,339   10,336 26,003
8,226   2,329 5,897
10,970   3,027 7,943
26,247   10,898 15,349
37,184   33,868 3,316
42,784   21,596 21,188
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
      69,771
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       20,052
b       5,742
c       3,312
d       4,272
e       32,011
      23,841
      3,661
      4,204
      2,331
      3,755
      2,599
      6,912
      10,522
      1,756
      14,323
      15,679
      5,373
      540
      -3,092
      -7,346
      -23,567
      7,058
      2,837
      9,328
      -5,572
      -14,837
      21,576
      -10,089
      32,391
      -12,101
      -658
      -2,066
      -7,730
      -6,295
      -2,665
      -10,382
      -2,628
      -601
      -5,057
      -6,004
      15,861
      496
      3,395
      -14,244
      -37,321
      -5,174
      -365
      -170
      -18,058
      -6,284
      -2,997
      4,188
      15,030
      14,918
      1,326
      562
      3,374
      591
      1,255
      1,338
      24,786
      -26
      71,391
      86
      16
      6,462
      63,328
      6,357
      47,721
      -3,803
      -118
      -103
      4,685
      1,128
      -2,202
      -124
      -4
      15,593
      2,947
      1,654
      25,338
      11,119
      176
      451
      6,792
      1,422
      8,301
      -2,705
      -8,143
      3,282
      -1,241
      125
      229
      83
      46,586
      15,882
      3,151
      2,377
      -4,491
      -477
      33
      375
      5,232
      5,853
      27,640
      13,167
      39,305
      7,075
      595
      32,734
      16,732
      2,257
      1,325
      469
      1,870
      27,817
      1,077
      28,206
      29,915
      -10,661
      -2,690
      21,562
      1,912
      17,625
      31,930
      10,995
      19,827
      2
      -309
      9,106
      20,988
      15,740
      33,033
      -958
      3,470
      1,558
      4,869
      -39,764
      33,219
      -817
      8,396
      6,176
      3,946
      3,879
      -3,427
      -1,909
      8,293
      16,378
      1,396
      10,503
      1,894
      5,149
      4,838
      6,099
      6,574
      5,129
      12,118
      3,282
      46,806
      281
      9,312
      4,050
      407
      996
      1,719
      -4,343
      13,424
      -1,528
      539
      5,079
      1,800
      10,476
      3,108
      11,721
      2,320
      13,026
      -28
      18,098
      -2,678
      12,428
      25,865
      2,028
      18,237
      884
      -640
      -121
      5,185
      4,594
      -719
      26,003
      5,897
      7,943
      15,349
      3,316
      21,188
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,304,373
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 20,191
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 20,191
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 20,191
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 11,000
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 9,191
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 taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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
 
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)
    bulletSC
    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 ofbulletCIBC National Trust Company Telephone no.bullet (617) 357-9600

    Located atbullet100 FEDERAL ST 37TH FLBOSTONMA ZIP+4bullet02110
    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
    WILLIAM LOWNDES III PRES/TREAS, AS REQUIRED
    0     		0    
    PO BOX 5042
    SPARTANBURG,SC29304
    HENRIETTA M LOWNDES SEC/TRUSTEE, AS REQUIRED
    0     		0    
    PO BOX 5042
    SPARTANBURG,SC29304
    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.........................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
    16,901,888
    b
    Average of monthly cash balances.......................
    1b
    809,040
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,710,928
    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
    17,710,928
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    265,664
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,445,264
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    872,263
    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
    872,263
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    20,191
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    20,191
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    852,072
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    852,072
    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
    852,072
    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
    844,374
    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
    844,374
    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
    844,374
    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 7 852,072
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 734,832
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 844,374
    a Applied to 2019, but not more than line 2a 734,832
    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..... 109,542
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		742,530
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    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
    MERCATUS CENTER
    George Washington Univ
    3434 WASHINGTON BLVD 4TH FLOOR
    ARLINGTON,VA222014433     		NONE PC CONTRIBUTION 25,000
    THE INDEPENDENT INSTITUTE
    100 SWAN WAY SUITE 200
    OAKLAND,CA946211428     		NONE PC CONTRIBUTION 150,000
    INSTITUTE FOR JUSTICE
    901 N GLEBE ROAD SUITE 900
    ARLINGTON,VA22203     		NONE PC CONTRIBUTION 30,000
    HERITAGE FOUNDATION
    214 WASHINGTON AVE NE
    WASHINGTON,DC200024999     		NONE PC CONTRIBUTION 40,000
    FOUNDATION FOR ECONOMIC
    EDUCATION
    1819 PEACHTREE ST NE 300
    Atlanta,GA30309     		NONE PC CONTRIBUTION 90,000
    HILLSDALE COLLEGE
    33 EAST COLLEGE STREET
    HILLSDALE,MI492421205     		NONE PC CONTRIBUTION 20,000
    CATO INSTITUTE
    1000 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20001     		NONE PC CONTRIBUTION 80,000
    STUDENTS FOR LIBERTY
    2221 S CLARKE ST 12TH FLOOR
    Arlington,VA22202     		NONE PC CONTRIBUTION 50,000
    THE LUDWIG VON MISES INSTITUTE
    518 W MAGNOLIA AVENUE
    AUBURN,AL36832     		NONE PC CONTRIBUTION 50,000
    SC PUBLIC INTEREST FOUNDATION
    PO BOX 25999
    Greenville,SC29616     		NONE PC CONTRIBUTION 25,000
    THE CLEMSON INSTITUTE
    FOR THE STUDY OF CAPITALISM
    CLEMSON UNIV PO BOX 1889
    CLEMSON,SC29633     		NONE PC CONTRIBUTION 75,000
    INSTITUTE OF HUMANE STUDIES
    AT GEORGE MASON UNIVERSITY
    3434 WASHINGTON BLVD - MS 1C5
    ARLINGTON,VA22201     		NONE PC CONTRIBUTION 45,000
    Palmetto Promise Institute
    PO BOX 12676
    Columbia,SC29211     		NONE PC CONTRIBUTION 50,000
    ATLAS NETWORK
    TWO LIBERTY CENTER
    4075 WILSON BOULEVARD SUITE 310
    ARLINGTON,VA22203     		NONE PC CONTRIBUTION 50,000
    US TERM LIMITS FOUNDATION
    1250 CONNECTICUT AVENUE SUITE 200
    Washington,DC20036     		NONE PC CONTRIBUTION 15,000
    Judicial Watch
    425 THIRD STREET SW SUITE 800
    Washington,DC20024     		NONE PC CONTRIBUTION 25,000
    THE FEDERALIST SOCIETY
    1776 I STREET NW SUITE 300
    Washington,DC20006     		NONE PC CONTRIBUTION 10,000
    Total .................................bullet 3a 830,000
    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 ...........     		         
    4 Dividends and interest from securities....     14 206,346  
    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 1,304,373  
    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)..   1,510,719  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,510,719
    (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:
    THE LOWNDES FOUNDATION INC
    EIN:
    57-1027898
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 725 544   181

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE LOWNDES FOUNDATION INC
    EIN:
    57-1027898
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ASHLAND INC NEW COM    
    AUTOMATIC DATA PROCESSING INC 15,019 90,567
    CISCO SYS INC 86,323 166,425
    COMCAST CORP CL A 13,712 91,333
    DANAHER CORP COM 20,052 166,605
    FIDELITY NATL INFORMATION SVCS 56,546 167,630
    FISERV INC COM 40,116 151,320
    JPMORGAN CHASE & CO COM 50,594 177,771
    MERCK & CO INC NEW COM    
    ORACLE CORP COM    
    PEPSICO INC COM 67,644 131,690
    STRYKER CORP COM 35,652 120,805
    UNITED TECHNOLOGIES CORP COM    
    VF CORP COM 26,321 81,737
    WELLS FARGO & CO NEW COM    
    MATTHEWS PACIFIC TIGER FD CL I 605,047 988,147
    PENTAIR PLC SHS 12,634 17,360
    AMAZON.COM INC COM 54,413 586,247
    AMETEK INC NEW COM 4,735 38,822
    ANSYS INC COM 6,613 82,219
    AUTOZONE INC COM 8,255 82,981
    BROWN FORMAN CORP CL B 3,894 24,544
    CHURCH & DWIGHT INC COM 7,217 43,092
    DOLLAR TREE INC COM 6,606 60,178
    EQUINIX INC COM    
    HUMANA INC COM 5,222 48,822
    INTERCONTINENTALEXCHANGE INC 90,723 188,499
    JONES LANG LASALLE INC COM    
    MARRIOTT INTERNATIONAL CL A 7,492 42,214
    MICROCHIP TECHNOLOGY INC COM 11,504 88,667
    MOHAWK INDS INC COM    
    ROPER TECHNOLOGIES, INC. 87,635 184,507
    TJX COS INC NEW COM 71,596 142,794
    APPLE INC COM 12,349 328,010
    BLACKROCK INC COM 35,742 134,206
    JOHNSON & JOHNSON COM 113,306 194,522
    MEDTRONIC INC COM 82,251 127,331
    MICROSOFT CORP COM 54,023 517,127
    ROSS STORES INC COM 11,558 45,685
    UNION PAC CORP COM 43,420 136,384
    UNITEDHEATLH GROUP INC COM 55,450 244,073
    AMPHENOL CORP CL A 23,120 70,093
    CONCHO RES INC COM    
    KANSAS CITY SOUTHERN COM 6,870 40,009
    SKYWORKS SOLUTIONS INC COM 5,601 41,278
    CITRIX SYS INC COM 9,595 22,637
    CAPITAL ONE FINL CORP COM    
    VISA INC COM CL A 47,259 265,757
    UNIVERSAL HEALTH SVCS    
    AMERIPRISE FINL INC COM 22,946 63,935
    CITIGROUP INC COM NEW    
    FMC CORP COM 17,311 50,339
    SBA COMMUNICATIONS CORP COM 12,546 80,689
    CROWN HLDGS INC COM 23,152 58,216
    KINDER MORGAN INC DEL COM    
    MONSTER BEVERAGES CORP COM 2,296 50,217
    PIONEER NAT RES CO 86,501 61,842
    US BANCORP DEL COM NEW 100,765 120,482
    WEX INC COM    
    TRACTOR SUPPLY CO 21,956 50,328
    BERRY GLOBAL GROUP INC 11,577 38,265
    BOEING CO COM    
    DOLLAR GEN CORP NEW COM 45,951 114,193
    EPAM SYS INC COM 12,386 138,323
    HOME DEPOT INC COM 48,794 151,935
    HUBBELL INC COM 20,005 29,947
    ANGEL OAK MULTI-STRATEGY INCOM    
    ALPHABET INC CAP STK CL A 55,534 152,480
    ALPHABET INC CAP STK CL C 50,078 259,278
    BORGWARNER INC COM    
    CARTER INC COM 28,466 29,444
    CIGNA CORP NEW USD 55,887 92,848
    EOG RES INC COM    
    GLOBAL PMTS INC COM 46,622 124,513
    HD SUPPLY HLDGS INC COM    
    NEXTERA ENERGY INC COM 73,082 129,766
    O REILLY AUTOMOTIVE INC NEW CO 24,344 45,710
    PTC INC COM 30,452 79,421
    QUALCOMM INC COM 68,487 180,523
    REXNORD CORP NEW COM 24,075 35,817
    SPROUTS FMRS MKT INC COM 24,368 22,231
    THERMO FISHER CORP COM 42,875 153,707
    ULTA BEAUTY, INC    
    AMERICAN TOWER CORPORATION 38,674 77,214
    CIBC ATLAS INCOME OPPORTUNITIE 401,866 549,016
    EDWARDS LIFESCIENCES CORP 23,354 72,528
    EURONET WORLDWIDE INC COM    
    FLEETCOR TECHNOLOGIES INC 24,827 43,107
    IHS MARKIT LTS SHS 23,402 55,964
    JPMORGAN MID CAP VALUE FUND CL 410,412 484,562
    JAZZ PHARMACEUTICALS PLC 30,111 31,690
    ADOBE SYS INC 45,193 160,539
    APTIV PLC 27,895 51,855
    AUTODESK INC 42,660 117,861
    BRIGHT HORIZONS FAM SOL    
    CHEVRON CORP NEW 83,419 59,875
    EXACT SCIENCES CORP 27,544 67,437
    HEXCEL CORP NEW    
    HONEYWELL INTERNATIONAL INC 121,315 205,894
    MASCO CORP 24,702 36,254
    MSCI INC 11,969 64,300
    PRA HEALTH SCIENCES INC 30,097 46,538
    TELEFLEX INC 29,228 54,327
    TRANSUNION COM 22,526 54,571
    TWEEDY BROWNE GLOBAL VALUE FUN    
    XILINX INC 23,502 46,501
    ALEXION PHARMACEUTICALS INC CO 45,079 57,028
    ANALOG DEVICES INC COM 69,608 122,468
    COOPER COS INC COM NEW 22,289 34,152
    ENCOMPASS HEALTH CORP COM 15,869 64,581
    HARDING LOEVNER INSTITUTIONAL 590,000 731,598
    KAR AUCTION SVCS INC COM    
    LINDE PLC COM 90,715 146,248
    MARRIOTT VACATIONS WRLDWDE CP    
    RAYTHEON CO COM NEW 108,584 128,933
    T MOBILE US INC COM 92,121 190,678
    VERSUS CAPITAL REAL ASSETS FUN 240,184 251,387
    WESTERN ALLIANCE BANCORP COM    
    ZOETIS INC CL A 80,602 134,221
    BLACKSTONE GROUP INC COM CL A 112,048 150,813
    CDW CORP COM 34,149 38,483
    CINTAS CORP COM 25,574 34,993
    COSTAR GROUP INC COM 16,370 43,441
    DISNEY WALT CO COM 76,621 101,642
    DOMINOS PIZZA INC COM 27,077 38,729
    DUPONT DE NEMOURS INC COM    
    ECOLAB INC COM 94,798 126,571
    GENPACT LIMITED SHS 54,751 65,514
    GLOBAL BLOOD THERAPEUTICS INC    
    HCA HEALTHCARE INC 16,811 45,391
    IAA INC COM 24,685 42,757
    KEYSIGHT TECHNOLOGIES INC COM 43,882 66,441
    KLA CORPORATION 18,225 29,257
    LAM RESH CORP COM 35,604 86,898
    LIVENT CORP COM 13,033 22,796
    L3 HARRIS TECHNOLOGIES INC 33,216 30,054
    SCHWAB CHARLES CORP NEW COM 150,630 185,587
    TEXAS INSTRUMENTS INC COM 73,906 96,016
    WASTE MANAGEMENT INC COM 115,022 127,011
    XYLEM INC COM    
    COHEN & STEERS PREFERRED SECUR 500,000 502,791
    ABBOTT LABORATORIES COM 113,880 148,578
    AMERICAN ELEC PWR INC COM 100,486 92,929
    AMERICAN WTR WKS CO INC NEW CO 77,043 92,082
    ASHLAND GLOBAL HLDGS INC COM 15,533 20,354
    ASTRAZENECA PLC SPONSORED ADR 118,060 106,629
    AVANTOR INC COM 35,185 50,642
    CADENCE DESIGN SYSTEM INC COM 51,063 81,449
    CATALENT INC COM 39,536 41,732
    CHARLES RIV LABORATORIES INTL 32,964 47,973
    CIBC ATLAS INTERNATIONAL GROWT 500,000 508,716
    CONESTOGA SMALL CAP FUND - INS 600,000 648,996
    CYRUSONE INC COM 20,766 20,189
    DYNATRACE INC COM 30,910 35,957
    ENPHASE ENERGY INC COM 15,826 26,145
    ENTEGRIS INC COM 24,799 38,824
    EVERBRIDGE INC COM 43,770 44,274
    FIVE BELOW INC COM 17,181 29,572
    GOODRX HLDGS INC COM CL A 21,088 21,743
    IDEX CORP COM 27,518 42,629
    LIBERTY BROADBAND CORP COM SER 18,532 23,914
    MARVELL TECHNOLOGY GROUP LTD 28,978 53,720
    MONDELEZ INTL INC COM 123,386 140,211
    OTIS WORLDWIDE CORP COM 56,361 80,655
    PNC FINL SVCS GROUP INC COM 87,538 103,704
    RESMED INC COM 50,938 63,130
    S&P GLOBAL INC COM 87,524 85,141
    SALESFORCE COM INC COM 60,314 105,479
    SMARTSHEET INC COM CL A 45,501 59,728
    SPLUNK INC COM 33,739 29,221
    SYNOPSYS INC COM 48,643 66,106
    TELADOC HEALTH 26,567 41,392
    TWILIO INC CL A 34,977 44,005

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE LOWNDES FOUNDATION INC
    EIN:
    57-1027898
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NORTH AMERICAN COMPANY LIFE AT COST 109,457 109,457
    LIGHTHOUSE GLOBAL OFFSHORE FUN AT COST 750,000 1,405,785
    KING STREET CAPITAL LTD AT COST   171,551

    TY 2020 OtherDecreasesSchedule
    Name:
    THE LOWNDES FOUNDATION INC
    EIN:
    57-1027898
    Description Amount
    ROC ADJUSTMENT 9,014


    TY 2020 OtherExpensesSchedule
    Name:
    THE LOWNDES FOUNDATION INC
    EIN:
    57-1027898
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN CONVERSION 32 24   8
    NORTH AMERICAN COMPANY LIFE 109,457 0   0


    TY 2020 OtherIncreasesSchedule
    Name:
    THE LOWNDES FOUNDATION INC
    EIN:
    57-1027898
    Description Amount
    ROUNDING AND TIMING 211,405
    WASH ADJUSTMENT 184


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE LOWNDES FOUNDATION INC
    EIN:
    57-1027898
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUSTEE FEES-PRIN (NON-DEDUCTI 56,740 42,555   14,185


    TY 2020 TaxesSchedule
    Name:
    THE LOWNDES FOUNDATION INC
    EIN:
    57-1027898
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL ESTIMATES - PRINCIPAL 2,786 0   0
    FOREIGN TAXES ON QUALIFIED FOR 2,097 2,097   0
    FOREIGN TAXES ON NONQUALIFIED 336 336   0