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
RUTH B WOOD FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)202 AUGUSTA ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CLEMSON, SC29631
A Employer identification number

58-2018115
B Telephone number (see instructions)

(919) 716-7347
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$680,487J 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... 11,978 11,969  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,840
b Gross sales price for all assets on line 6a 455,424
7 Capital gain net income (from Part IV, line 2)... 8,840
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........ 20,818 20,809  
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)......... Click to see attachment 280 280 0 0
b Accounting fees (attach schedule)....... Click to see attachment 250 250 0 0
c Other professional fees (attach schedule).... Click to see attachment 6,380 6,380   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,184 277   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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 9,094 7,187 0 0
25 Contributions, gifts, grants paid....... 28,650 28,650
26 Total expenses and disbursements. Add lines 24 and 25 37,744 7,187 0 28,650
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -16,926
b Net investment income (if negative, enter -0-) 13,622
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......... 19,719 22,039 22,039
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).......      
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).......... 585,235 Click to see attachment562,505 658,448
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) 604,954 584,544 680,487
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........ 604,954 584,544
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)..... 604,954 584,544
30 Total liabilities and net assets/fund balances (see instructions). 604,954 584,544
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
604,954
2
Enter amount from Part I, line 27a .....................
2
-16,926
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
238
4
Add lines 1, 2, and 3 ..........................
4
588,266
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,722
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
584,544
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 439.377 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND CL R5 #3416     2020-01-06
b 140.187 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804     2020-01-06
c 327.04 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852     2020-01-06
d 57.844 FIDELITY MID CAP INDEX FUND INST PREMIUM #2352     2020-01-06
e 268.979 FIDELITY LARGE CAP GROWTH INDEX FUND #2826     2020-01-06
901.584 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999     2020-01-06
67.388 WCM FOCUSED INTERNATIONAL GROWTH FUND #840     2020-01-06
108. ISHARES MSCI ACWI ETF     2020-01-06
61.63 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336     2020-01-06
49.546 MFS MID CAP VALUE R6 #4837     2020-01-06
60.006 MORGAN STANLEY INST GROWTH IR #8708   2019-07-15 2020-01-06
185.815 MORGAN STANLEY INST GROWTH IR #8708   2019-07-15 2020-01-06
102.458 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896     2020-01-06
12.789 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524   2019-07-15 2020-01-06
512.7 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851     2020-03-12
748.031 BAIRD AGGREGATE BOND FUND INST #72     2020-03-12
55.175 FIDELITY LARGE CAP GROWTH INDEX FUND #2826   2019-11-13 2020-03-12
214.925 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999   2019-07-15 2020-03-12
34.909 MORGAN STANLEY INST GROWTH IR #8708   2019-07-15 2020-03-12
581.893 WELLS FARGO CORE BOND FUND CLASS R6 #4657     2020-03-12
1232.541 PIMCO STOCKSPLUS INTERNATIONAL FUND U.S. DOLLAR-HEDGED INST #     2020-03-23
193.182 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851     2020-03-25
211.462 BAIRD AGGREGATE BOND FUND INST #72     2020-03-25
22. ISHARES CORE S&P SMALL-CAP ETF   2016-07-11 2020-03-25
21. ISHARES MSCI EAFE SMALL-CAP ETF   2018-04-04 2020-03-25
21.074 MORGAN STANLEY INST GROWTH IR #8708   2019-07-15 2020-03-25
192.366 WELLS FARGO CORE BOND FUND CLASS R6 #4657   2019-07-15 2020-03-25
871.817 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND CL R5 #3416     2020-04-06
68.451 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST   2020-01-06 2020-04-06
34.136 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K     2020-04-06
220.916 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804   2019-07-15 2020-04-06
182.725 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804   2019-07-15 2020-04-06
163.232 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999   2019-07-15 2020-04-06
95.628 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4   2020-01-06 2020-04-06
8.953 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #46   2020-01-06 2020-04-06
1. ISHARES CORE S&P SMALL-CAP ETF   2016-07-11 2020-04-06
1. ISHARES MSCI EAFE SMALL-CAP ETF   2017-10-04 2020-04-06
154.505 MFS MID CAP VALUE R6 #4837   2019-07-15 2020-04-06
12.44 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524   2019-07-15 2020-04-06
2.836 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531   2020-01-06 2020-04-06
15.766 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531   2020-01-06 2020-04-06
76.531 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245   2020-01-06 2020-04-06
14.439 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245   2020-01-06 2020-04-06
60.996 WELLS FARGO CORE BOND FUND CLASS R6 #4657   2019-07-15 2020-04-06
138.027 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852   2019-07-15 2020-05-15
1291.805 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830     2020-05-15
530.132 FIDELITY LARGE CAP GROWTH INDEX FUND #2826     2020-05-15
50.06 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148   2020-01-06 2020-05-15
124.861 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336   2019-07-15 2020-05-15
72.523 MORGAN STANLEY INST GROWTH IR #8708   2019-07-15 2020-05-15
7.901 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2020-05-15
16.984 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K   2020-01-06 2020-06-10
260.494 FIDELITY MID CAP INDEX FUND INST PREMIUM #2352   2019-11-13 2020-06-10
1.728 FIDELITY MID CAP INDEX FUND INST PREMIUM #2352   2019-11-13 2020-06-10
328.141 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830   2019-07-15 2020-06-10
339.394 FIDELITY LARGE CAP GROWTH INDEX FUND #2826     2020-06-10
24. ISHARES CORE S&P SMALL-CAP ETF   2016-07-11 2020-06-10
9. ISHARES MSCI EAFE SMALL-CAP ETF   2016-07-11 2020-06-10
50. ISHARES RUSSELL TOP 200 GROWTH ETF   2020-05-15 2020-06-10
10.092 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336   2019-07-15 2020-06-10
36.369 LAZARD INTERNATIONAL EQUITY INST #632     2020-06-10
138.982 MFS MID CAP VALUE R6 #4837   2019-07-15 2020-06-10
281.706 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896   2019-07-15 2020-06-10
1179.126 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851     2020-07-13
187.884 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST     2020-07-13
101.133 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K     2020-07-13
1041.266 BAIRD AGGREGATE BOND FUND INST #72   2020-06-10 2020-07-13
161.344 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852   2019-07-15 2020-07-13
1209.074 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830   2019-07-15 2020-07-13
583.418 FIDELITY LARGE CAP GROWTH INDEX FUND #2826   2019-07-15 2020-07-13
1443.247 GOLDMAN SACHS ENHANCED INCOME FD CL I #1999   2019-07-15 2020-07-13
44.004 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4   2020-01-06 2020-07-13
159.775 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148   2020-01-06 2020-07-13
168.355 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336   2019-07-15 2020-07-13
18.938 MFS MID CAP VALUE R6 #4837   2019-07-15 2020-07-13
103.691 MORGAN STANLEY INST GROWTH IR #8708     2020-07-13
51.16 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524   2019-07-15 2020-07-13
215.426 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245     2020-07-13
29.971 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2020-07-13
995.364 WELLS FARGO CORE BOND FUND CLASS R6 #4657     2020-07-13
34.333 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851   2019-07-15 2020-07-24
64.992 BAIRD AGGREGATE BOND FUND INST #72   2019-07-15 2020-07-24
63.679 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804   2019-07-15 2020-07-24
4.075 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260   2020-07-13 2020-07-24
100.764 FIDELITY MID CAP INDEX FUND INST PREMIUM #2352   2019-11-13 2020-07-24
12.887 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4   2019-07-15 2020-07-24
80.173 WCM FOCUSED INTERNATIONAL GROWTH FUND #840   2019-07-15 2020-07-24
11. ISHARES CORE S&P SMALL-CAP ETF   2019-07-01 2020-07-24
32. ISHARES RUSSELL TOP 200 VALUE ETF   2020-07-13 2020-07-24
7.101 LAZARD INTERNATIONAL EQUITY INST #632   2019-07-15 2020-07-24
50.431 MFS MID CAP VALUE R6 #4837   2019-07-15 2020-07-24
7.651 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023   2020-07-13 2020-07-24
11.373 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726   2020-07-13 2020-07-24
105.576 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321   2020-04-06 2020-07-24
4.266 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269   2020-07-13 2020-07-24
1.668 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524   2019-07-15 2020-07-24
11.3 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531   2019-07-15 2020-07-24
20.774 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2020-07-24
37.282 VANGUARD SHORT TERM BOND INDEX ADM #5132   2020-07-13 2020-07-24
53.792 WELLS FARGO CORE BOND FUND CLASS R6 #4657   2019-07-15 2020-07-24
6.731 COHEN & STEERS REAL ESTATE SECURITIES FUND CLASS I #1260   2020-07-13 2020-10-05
1147.196 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830     2020-10-05
393.227 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830   2019-07-15 2020-10-05
110.392 FIDELITY LARGE CAP GROWTH INDEX FUND #2826     2020-10-05
941.123 FIDELITY LARGE CAP GROWTH INDEX FUND #2826   2019-07-15 2020-10-05
90. ISHARES CORE S&P SMALL-CAP ETF     2020-10-05
10. ISHARES MSCI EAFE SMALL-CAP ETF   2019-07-01 2020-10-05
297.391 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336   2019-07-15 2020-10-05
252.33 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336     2020-10-05
2.262 MORGAN STANLEY INST GROWTH IR #8708   2020-07-24 2020-10-05
4.322 PRINCIPAL REAL ESTATE SECURITIES FUND - R6 #4269   2020-07-13 2020-10-05
26.403 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524     2020-10-05
127.773 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524   2019-07-15 2020-10-05
116.836 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2020-10-05
25.123 FIDELITY LARGE CAP VALUE INDEX FUND - INST PR #2830   2020-03-25 2020-10-06
21.64 FIDELITY LARGE CAP GROWTH INDEX FUND #2826   2020-04-13 2020-10-06
10.137 JPMORGAN VALUE ADVANTAGE FUND CLASS R6 #2336   2020-03-25 2020-10-06
3.13 T ROWE PRICE MID-CAP GROWTH FUND CLASS I #524   2020-03-12 2020-10-06
57.029 ASHMORE EMERGING MARKETS ACTIVE EQUITY FUND - INST   2019-11-13 2020-11-24
35.895 BALLIE GIFFORD EMERGING MARKETS EQUITIES FUND CLASS K   2019-11-13 2020-11-24
75.867 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804   2019-07-15 2020-11-24
18.405 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943   2020-10-05 2020-11-24
21.978 COLUMBIA SELECT LARGE CAP VALUE FUND CL I3 #6674   2020-10-05 2020-11-24
39.158 DIAMOND HILL LARGE CAP FUND CLASS Y #2509   2020-10-05 2020-11-24
161.687 FIDELITY MID CAP INDEX FUND INST PREMIUM #2352   2019-11-13 2020-11-24
40.072 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND CLASS R6 #4   2019-07-15 2020-11-24
41.336 WCM FOCUSED INTERNATIONAL GROWTH FUND #840   2019-07-15 2020-11-24
18. ISHARES CORE S&P SMALL-CAP ETF   2016-07-11 2020-11-24
67. ISHARES RUSSELL TOP 200 VALUE ETF   2020-10-05 2020-11-24
23.888 LAZARD INTERNATIONAL EQUITY INST #632   2019-07-15 2020-11-24
60.268 MFS MID CAP VALUE R6 #4837   2019-07-15 2020-11-24
7.323 MORGAN STANLEY INST GROWTH IR #8708   2019-11-13 2020-11-24
204.089 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896   2019-07-15 2020-11-24
68.839 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321   2020-04-06 2020-11-24
11.117 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531   2019-07-15 2020-11-24
57.992 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND INST #2245   2019-07-15 2020-11-24
5.832 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2020-11-24
.246 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2020-11-24
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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    
(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 11,850   11,827 23
b 1,950   1,916 34
c 15,868   15,055 813
d 1,368   1,374 -6
e 4,769   4,548 221
8,538   8,522 16
1,277   1,190 87
8,561   8,378 183
2,284   2,268 16
1,255   1,235 20
2,901   3,341 -440
8,982   10,346 -1,364
1,167   1,151 16
1,222   1,231 -9
5,127   5,144 -17
8,550   8,390 160
789   923 -134
2,016   2,031 -15
1,403   1,944 -541
7,809   7,672 137
6,422   9,683 -3,261
1,870   1,935 -65
2,343   2,352 -9
1,212   1,320 -108
907   1,357 -450
918   1,173 -255
2,520   2,508 12
16,451   22,335 -5,884
601   789 -188
553   742 -189
2,366   2,969 -603
1,957   2,456 -499
1,505   1,543 -38
731   938 -207
68   88 -20
54   60 -6
44   62 -18
2,744   3,717 -973
937   1,197 -260
104   133 -29
580   738 -158
686   882 -196
130   166 -36
821   795 26
6,479   6,277 202
13,241   16,650 -3,409
9,272   8,633 639
2,485   2,481 4
3,370   4,525 -1,155
4,450   4,038 412
507   627 -120
339   369 -30
5,744   6,056 -312
38   40 -2
3,813   4,171 -358
6,496   5,551 945
1,725   1,440 285
506   441 65
5,353   4,882 471
319   366 -47
619   666 -47
3,084   3,344 -260
2,741   3,131 -390
12,145   11,831 314
2,016   2,102 -86
2,143   2,157 -14
12,339   12,224 115
8,477   7,338 1,139
13,324   15,367 -2,043
11,470   9,486 1,984
13,740   13,639 101
422   432 -10
8,965   7,918 1,047
4,985   6,101 -1,116
396   456 -60
7,670   5,427 2,243
4,787   4,923 -136
2,402   2,458 -56
2,044   2,379 -335
13,955   13,757 198
355   342 13
776   718 58
817   856 -39
59   58 1
2,242   2,343 -101
125   124 1
1,666   1,407 259
777   860 -83
1,633   1,603 30
122   129 -7
1,111   1,213 -102
85   83 2
116   112 4
587   471 116
102   100 2
162   161 1
512   499 13
1,460   1,649 -189
406   406  
759   701 58
105   96 9
13,583   11,107 2,476
4,656   4,998 -342
2,409   1,867 542
20,535   15,303 5,232
6,568   5,798 770
600   578 22
9,362   10,777 -1,415
7,943   6,559 1,384
203   170 33
110   101 9
2,746   2,264 482
13,291   12,296 995
8,404   9,274 -870
295   233 62
464   347 117
316   255 61
323   225 98
714   602 112
948   747 201
1,094   1,020 74
736   692 44
631   556 75
1,228   1,101 127
4,275   3,759 516
448   385 63
978   725 253
1,587   1,080 507
3,826   3,468 358
462   433 29
1,576   1,450 126
680   358 322
2,296   2,269 27
433   307 126
588   491 97
751   646 105
460   463 -3
19   20 -1
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
      6,293
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       23
b       34
c       813
d       -6
e       221
      16
      87
      183
      16
      20
      -440
      -1,364
      16
      -9
      -17
      160
      -134
      -15
      -541
      137
      -3,261
      -65
      -9
      -108
      -450
      -255
      12
      -5,884
      -188
      -189
      -603
      -499
      -38
      -207
      -20
      -6
      -18
      -973
      -260
      -29
      -158
      -196
      -36
      26
      202
      -3,409
      639
      4
      -1,155
      412
      -120
      -30
      -312
      -2
      -358
      945
      285
      65
      471
      -47
      -47
      -260
      -390
      314
      -86
      -14
      115
      1,139
      -2,043
      1,984
      101
      -10
      1,047
      -1,116
      -60
      2,243
      -136
      -56
      -335
      198
      13
      58
      -39
      1
      -101
      1
      259
      -83
      30
      -7
      -102
      2
      4
      116
      2
      1
      13
      -189
       
      58
      9
      2,476
      -342
      542
      5,232
      770
      22
      -1,415
      1,384
      33
      9
      482
      995
      -870
      62
      117
      61
      98
      112
      201
      74
      44
      75
      127
      516
      63
      253
      507
      358
      29
      126
      322
      27
      126
      97
      105
      -3
      -1
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 8,840
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................................ 1 189
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........................... 3 189
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- ..... 5 189
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,032
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 1,032
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 843
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet192 RefundedBullet 11 651
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 .Click to see attachment
    8b
     
    No
    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 ofbulletFIRST CITIZENS BANK Telephone no.bullet (803) 931-1920

    Located atbulletPO BOX 29 TRUST DEPTCOLUMBIASC ZIP+4bullet29202
    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
    ROBERT M WOOD PRESIDENT
    3     		0    
    202 AUGUSTA ROAD
    CLEMSON,SC29631
    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
    625,147
    b
    Average of monthly cash balances.......................
    1b
    18,284
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    643,431
    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
    643,431
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    9,651
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    633,780
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    31,689
    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
    31,689
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    189
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    189
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    31,500
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    31,500
    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
    31,500
    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
    28,650
    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
    28,650
    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
    28,650
    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 31,500
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 28,615
    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$ 28,650
    a Applied to 2019, but not more than line 2a 28,615
    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..... 35
    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 ..........     		31,465
    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).)
    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:
    ROBERT M WOOD
    202 AUGUSTA ROAD
    CLEMSON,SC29631
    (864) 654-1892
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    INDIAN MOUNTAIN SCHOOL
    211 INDIAN MOUNTAIN ROAD
    LAKEVILLE,CT06039     		NONE PC GENERAL OPERATING 1,000
    CLEMSON COMMUNITY CARE
    P O BOX 271
    Clemson,SC29633     		NONE PC GENERAL FUNDING 1,000
    HOLY TRINITY EPISCOPAL CHURCH
    193 OLD GREENVILLE HWY
    CLEMSON,SC29631     		NONE PC GENERAL OPERATING 17,650
    BIRKSHIRE SCHOOL
    245 N UNDER MOUNTAIN
    SHEFFIELD,MA012579657     		NONE PC GENERAL OPERATING 1,000
    CAROLINA THUNDER
    C/O GREGG NORMAN
    132 CEDAR CREEK CIRCLE
    CENTRAL,SC29630     		NONE PC GENERAL OPERATING 1,000
    FRIENDS OF THE BROOKS CENTER
    CLEMSON UNIVERSITY
    141 JERSEY LANE
    CLEMSON,SC29634     		NONE PC GENERAL OPERATING 5,000
    GEORGIA LAND TRUST
    226 OLD LADIGA ROAD
    PIEDMONT,AL36272     		NONE PC GENERAL OPERATING 1,000
    CLEMSON FREE CLINIC
    1200 CLEMSON PLACE CIR
    CLEMSON,SC29631     		NONE PC GENERAL OPERATING 1,000
    Total .................................bullet 3a 28,650
    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 11,978  
    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 8,840  
    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)..   20,818  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    20,818
    (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:
    RUTH B WOOD FOUNDATION INC
    EIN:
    58-2018115
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 250 250    

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    RUTH B WOOD FOUNDATION INC
    EIN:
    58-2018115
    Statement:
    THE SOUTH CAROLINA ATTORNEY GENERAL DOES NOT REQUIRE PRIVATE FOUNDATIONS TO REPORT TO THE STATE.

    TY 2020 InvestmentsOtherSchedule2
    Name:
    RUTH B WOOD FOUNDATION INC
    EIN:
    58-2018115
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES CORE S&P SMALL-CAP ETF AT COST 11,325 15,715
    ISHARES MSCI EAFE SMALL-CAP ET AT COST 9,685 12,918
    AMERICAN BEACON BRIDGEWAY LARG      
    AMERICAN BEACON GARCIA HAMILTO AT COST 25,344 25,769
    ASHMORE EMERGING MARKETS ACTIV AT COST 7,804 9,811
    BALLIE GIFFORD EMERGING MARKET AT COST 6,948 9,295
    BAIRD AGGREGATE BOND FUND INST AT COST 48,901 51,900
    ISHARES MSCI EAFE INTERNATIONA AT COST 18,675 21,244
    CARILLON CLARIVEST CAPITAL APP AT COST 14,826 17,399
    FIDELITY MID CAP INDEX FUND IN AT COST 42,106 54,763
    FIDELITU LARGE CAP VALUE INDEX      
    FIDELITY LARGE CAP GROWTH INDE      
    GOLDMAN SACHS ENHANCED INCOME      
    GOLDMAN SACHS EMERGING MARKETS AT COST 5,896 7,399
    WCM FOCUSED INTERNATIONAL GROW AT COST 11,762 16,726
    ISHARES MSCI ACWI ETF      
    JPMORGAN VALUE ADVANTAGE FUND      
    LAZARD INTERNATIONAL EQUITY IN AT COST 12,509 14,104
    MFS MID CAP VALUE AT COST 15,708 18,814
    MORGAN STANLEY INST GROWTH IR AT COST 9,139 16,039
    PEAR TREE POLARIS FOREIGN VALU AT COST 14,767 17,255
    PIMCO STOCKSPLUS INTERNATIONAL AT COST 8,016 13,462
    T ROWE PRICE MID-CAP GROWTH FU      
    T ROWE PRICE EMERGING MARKETS AT COST 6,628 8,265
    TIAA-CREF EMERGING MARKETS EQU AT COST 9,415 11,330
    WELLS FARGO CORE BOND FUND AT COST 45,328 46,596
    VANGUARD SHORT TERM AT COST 52,868 52,773
    BLACKROCK MID-CAP GROWTH AT COST 15,483 18,174
    COLUMBIA SELECT LC VALUE AT COST 12,823 13,773
    DIAMOND HILL LC AT COST 10,147 11,024
    T ROWE PRICE INSTI LC CORE GRO AT COST 12,994 17,246
    VANGUARD EQUITY INCOME AT COST 10,814 12,022
    MAINSTAY CBRE GLOBAL INF AT COST 2,690 2,937
    COHEN & STEERS REAL ESTATE AT COST 2,622 2,990
    NUVEEN GLOBAL INF AT COST 2,762 3,053
    PRINCIPAL REAL ESTATE SECURITI AT COST 3,808 4,239
    ISHARES RUSSELL TOP 200 VALUE AT COST 46,329 54,716
    ISHARES RUSSELL TOP 200 GROWTH AT COST 63,035 75,301
    PROSHARES TR DJ BROOKFIELD AT COST 1,348 1,396

    TY 2020 LegalFeesSchedule
    Name:
    RUTH B WOOD FOUNDATION INC
    EIN:
    58-2018115
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - INCOME (ALLOCABLE 280 280    


    TY 2020 OtherDecreasesSchedule
    Name:
    RUTH B WOOD FOUNDATION INC
    EIN:
    58-2018115
    Description Amount
    ROUNDING 1
    COST ADJUSTMENTS - WASH SALE 3,721


    TY 2020 OtherIncreasesSchedule
    Name:
    RUTH B WOOD FOUNDATION INC
    EIN:
    58-2018115
    Description Amount
    2019 TRANS POSTED IN 2020 238


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    RUTH B WOOD FOUNDATION INC
    EIN:
    58-2018115
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 6,380 6,380    


    TY 2020 TaxesSchedule
    Name:
    RUTH B WOOD FOUNDATION INC
    EIN:
    58-2018115
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 875 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,032 0   0
    FOREIGN TAXES ON QUALIFIED FOR 253 253   0
    FOREIGN TAXES ON NONQUALIFIED 24 24   0