TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
PEEPLES FOUNDATION 49G069013

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 23024
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
COLUMBUS, GA319023024

A Employer identification number

58-2433751

B Telephone number (see instructions)

(706) 644-3129

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$3,056,241J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	69,679		69,679
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-3,578
b	Gross sales price for all assets on line 6a 198,180
7	Capital gain net income (from Part IV, line 2)...			0
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).......		1,219
12	Total. Add lines 1 through 11........	67,320		69,679
13	Compensation of officers, directors, trustees, etc.	33,810		25,357		8,452
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).......		600	600	0	0
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		819	819		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..........	35,229		26,776	0	8,452
25	Contributions, gifts, grants paid.......	136,900				136,900
26	Total expenses and disbursements. Add lines 24 and 25	172,129		26,776	0	145,352
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-104,809
b	Net investment income (if negative, enter -0-)			42,903
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	53,413	69,177	69,177
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	1,743,082	1,568,519	2,080,068
	c	Investments—corporate bonds (attach schedule).......	831,300	881,670	906,996
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,627,795	2,519,366	3,056,241
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	2,627,795	2,519,366
	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).....	2,627,795	2,519,366
	30	Total liabilities and net assets/fund balances (see instructions).	2,627,795	2,519,366

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,627,795

Enter amount from Part I, line 27a .....................

-104,809

Other increases not included in line 2 (itemize) bullet

1,249

Add lines 1, 2, and 3 ..........................

2,524,235

Decreases not included in line 2 (itemize) bullet

4,869

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

2,519,366

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	50000. NESTLE HLDGS INC GTD SNR USD 2.125% DTD 05/14/2014 DUE 01/14/20		2017-12-27	2020-01-14
b	50000. JPMORGAN CHASE BK NA COLUMBUS CTF DEP 2.75% DTD 01/31/2019 DUE		2019-01-30	2020-01-31
c	65. DUPONT DE NEMOURS INC COM			2020-05-19
d	540. HEWLETT PACKARD ENTERPRISE CO COM			2020-05-19
e	270. PACWEST BANCORP DEL COM			2020-07-30
	180. GILEAD SCIENCES INC			2020-09-22
	217. TRUIST FINL CORP COM		2017-08-02	2020-09-22
	55. VIATRIS INC COM			2020-12-10
	.836 VIATRIS INC COM		2018-01-09	2020-12-23
	50000. U S BANCORP MTNS BK ENT FR 2.35% DTD 01/29/2016 DUE 01/29/2021		2017-12-22	2020-12-29
	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		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	50,000	50,009	-9
b	50,000	50,000
c	3,139	6,273	-3,134
d	5,423	8,114	-2,691
e	4,866	12,990	-8,124
	11,439	13,826	-2,387
	7,806	9,657	-1,851
	964	876	88
	15	13	2
	50,000	50,000
			14,528
			14,528
			14,528
			14,528
			14,528
			14,528
			14,528
			14,528
			14,528
			14,528

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			-9
b
c			-3,134
d			-2,691
e			-8,124
			-2,387
			-1,851
			88
			2

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-3,578
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	596
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	596
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	596
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	480
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	480
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.......		9	116
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

Synovus Trust Company NA Telephone no. bullet

(912) 235-3722

Located at bullet

7402 HODGSON MEMORIAL DRIVE SUITESAVANNAHGA ZIP+4 bullet

31406

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
Synovus Trust Company	TRUSTEE 40	33,810
7402 HODGSON MEMORIAL DRIVE SAVANNAH,GA31406	TRUSTEE 40	33,810

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...................				0

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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,699,757

Average of monthly cash balances.......................

86,166

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

2,785,923

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,785,923

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

41,789

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

2,744,134

Minimum investment return. Enter 5% of line 5..................

137,207

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.)

Minimum investment return from Part X, line 6....................

137,207

Tax on investment income for 2020 from Part VI, line 5......

596

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

596

Distributable amount before adjustments. Subtract line 2c from line 1............

136,611

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

136,611

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

136,611

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

145,352

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

145,352

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

145,352

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)

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					136,611
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				98,230
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: $ 145,352
a Applied to 2019, but not more than line 2a				98,230
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.....					47,122
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 ..........					89,489
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)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
HERITAGE LIBRARY FOUNDATION INC 32 OFFICE PARK RD STE 3 HILLTON HEAD ISLAND,SC29928	NONE	PC	GENERAL PROGRAM SUPPORT	56,400
ANGLICAN CHURCH OF THE REDEEMER 920 CALDWELL LN NASHVILLE,TN37204	NONE	PC	GENERAL PROGRAM SUPPORT	70,500
Robertville Baptist Church 26 ROBERTVILLE DR Garnett,SC29922	NONE	PC	GENERAL PURPOSE	2,000
THE SOCIETY OF ST THOMAS AND ST DENIS 164 N MARKET ST 283 Charleston,SC29401	NONE	PC	GENERAL FUNDING	8,000
Total ................................. 3a				136,900

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	69,679
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	-3,578
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)..				67,320

13Total. Add line 12, columns (b), (d), and (e)..................

67,320

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

PEEPLES FOUNDATION 49G069013

EIN:

58-2433751

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	600	600

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

PEEPLES FOUNDATION 49G069013

EIN:

58-2433751

Name of Bond	End of Year Book Value	End of Year Fair Market Value
DISNEY WALT CO NEW MEDIUM TERM	40,013	40,070
DODGE & COX INCOME FUND #147	171,772	181,790
FEDERATED INSTITUTIONAL HIGH Y
FEDERATED TOTAL RETURN BD FD I
U S BANCORP MTNS BK ENT FR 2.3
VANGUARD SHORT TERM INVESTMENT	50,000	51,766
WELLS FARGO & CO NEW PFD DIVID	1	4
NESTLE HIDGES INC GTD SNR USD
ANHEUSER BUSCH INBEV FIN INC S
INTERNATIONAL BUSINESS MACHS S	50,043	51,163
PEPSICO INC SR NT 2.25% DTD 07
TOTAL CAPITAL SR GIBI BD 2.125
TOYOTA MOTOR CREDIT CORP FR 2.	50,075	51,180
BARINGS ACTIVE SHORT DURATION	110,000	109,657
FEDERATED INSTITUTIONAL HIGH Y
FEDERATED TOTAL RETURN BOND FU
JPMORGAN CHASE BK NA COLUMBUS
FEDERATED HERMES INSTITUTIONAL	88,931	89,106
FEDERATED HERMES TOTAL RETURN	170,309	179,760
ISHARES TRUST ISHARES PREFERRE	150,526	152,500

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

PEEPLES FOUNDATION 49G069013

EIN:

58-2433751

Name of Stock	End of Year Book Value	End of Year Fair Market Value
EATON CORP PLC SHS	13,363	21,625
AT&T INC COM	26,908	20,477
ABBOTT LABORATORIES COM	7,934	15,329
ABBVIE INC COM	12,361	13,930
WESTWOOD INCOME OPPORTUNITY FU
ALIBABA GROUP HLDG LTD SPONSOR	11,673	15,127
ALTRIA GROUP INC COM
AMERICAN EXPRESS CO COM
APPLE INC COM	18,627	58,384
AUTOMATIC DATA PROCESSING COM	8,289	12,334
BANK OF AMERICA CORP COM	16,269	19,732
BAXTER INTERNATIONAL INC COM	8,660	10,431
CVS HEALTH CORPORATION	16,607	16,392
CAPITAL ONE FINL CORP COM
CHEVRON CORPORATION	16,790	11,401
CISCO SYS INC COM	13,345	14,991
COCA COLA CO COM	13,981	16,781
COLUMBIA SMALL CAP INDEX FUND	49,500	49,718
DANAHER CORP COM	9,179	21,103
DARDEN RESTAURANTS INC COM	8,744	11,316
DISNEY WALT CO COM	10,578	17,212
DOWDUPONT INC COM
DUKE ENERGY CORP NEW COM	22,153	24,447
EDWARDS LIFESCIENCES CORP COM	10,525	23,264
EMERSON ELEC CO COM	10,806	12,457
ENBRIDGE INC COM	21,098	17,243
AMERICAN EUROPACIFIC GROWTH FU
EXXON MOBIL CORP COM	17,349	8,450
FACEBOOK INC CL A	12,831	19,121
FIDELITY 500 INDEX FUND - PREM
FIRST CTZNS BANCSHARES INC N C
JPMORGAN MID CAP VALUE FUND CL
GENERAL ELEC CO COM
GENUINE PARTS CO COM	11,430	12,052
GILEAD SCIENCES INC COM
GOLDMAN SACHS INTERNATIONAL EQ
HP INC COM	14,538	17,705
HARRIS CORP DEL COM
HARTFORD FINL SVCS GROUP INC C
HENRY JACK & ASSOC INC COM	6,568	8,909
HEWLETT PACKARD ENTERPRISE CO
HOME DEPOT INC COM	5,591	7,969
HOST HOTELS & RESORTS INC
T ROWE PRICE INSTITUTIONAL LAR
INTEL CORP COM	14,669	16,192
INTERNATIONAL BUSINESS MACHS C
ISHARES MSCI EMERGING MARKETS	46,578	49,500
ISHARES MSCI EAFE ETF
ISHARES RUSSELL MID-CAP ETF	52,582	68,207
ISHARES RUSSELL 1000 VALUE ETF	65,162	71,100
ISHARES RUSSELL 1000 GROWTH ET	72,962	127,804
ISHARES RUSSELL 2000 ETF	49,591	62,739
ISHARES U.S. PREFERRED STOCK E
J P MORGAN CHASE & CO COM	18,329	23,508
JANUS HENDERSON ENTERPRISE FUN
JOHNSON & JOHNSON COM	12,366	14,164
KIMBERLY CLARK CORP COM	12,567	14,831
LILLY ELI & CO COM	9,282	18,572
LOCKHEED MARTIN CORP COM	17,563	19,524
MCDONALDS CORP COM	6,964	8,583
MERCK & CO INC NEW COM	13,856	20,041
MICROSOFT CORP COM	12,198	31,139
MONDELEZ INTL INC CL A	10,083	13,156
ORACLE CORP COM	7,682	10,350
PACWEST BANCORP DEL COM
PEPSICO INC COM	13,182	17,055
PFIZER INC COM	16,114	16,565
PHILIP MORRIS INTL INC COM
RAYONIER INC COM
SCANA CORP COM
SOUTHERN COMPANY	21,967	27,889
SUNTRUST BKS INC COM
TJX COS INC NEW COM	7,633	13,658
TEXAS INSTRUMENTS INC COM	5,729	9,027
TOTAL SYS SVCS INC COM
TRAVELERS COS INC COM	18,320	18,950
UNITED PARCEL SERVICES CL B	15,546	22,734
WASTE MANAGEMENT INC COM	13,577	17,100
WELLS FARGO & CO NEW COM
ALPHABET INC CAP STK CI A	27,176	40,311
CME GROUP INC COM	11,419	12,744
CELGENE CORP COM
CENTURYLINK INC
CITIGROUP INC COM NEW	19,246	16,340
EOG RES INC COM	17,549	7,979
AMERICAN FUNDS EUROPACIFIC GRO	104,111	129,341
PROCTER & GAMBLE CO COM	10,855	17,393
UNION PAC CORP COM	9,158	12,493
AMAZON.COM INC COM	20,403	39,083
BRISTOL MYERS SQUIBB CO COM	9,972	10,855
BRISTOL MYERS SQUIBB CO CONTNG	224	72
DOW INC COM	12,534	14,153
DUPONT DE NEMOURS INC COM
FIDELITY 500 INDEX FUND	70,569	128,537
GLOBAL PMTS INC COM	11,639	31,882
GOLDMAN SACHS INTERNATIONAL EQ	107,600	106,884
ISHARES TRUST ISHARES PREFERRE
JPMORGAN MID CAP VALUE FUND CL	48,547	51,361
JANUS HENDERSON ENTERPRISE FUN	52,000	73,423
NVIDIA CORP COM	9,509	33,943
TRUIST FINL CORP COM
VANGUARD DIVIDEND APPRECIATION	30,000	37,895
VERIZON COMMUNICATIONS INC COM	5,605	5,875
T ROWE PRICE LARGE-CAP GROWTH	53,104	90,640
STRYKER CORP COM	7,100	8,576

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

PEEPLES FOUNDATION 49G069013

EIN:

58-2433751

Description	Amount
2020 TRANS POSTED IN 2021	4,391
PRIOR YEAR RETURN OF CAPITAL	469
ROUNDING	9

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

PEEPLES FOUNDATION 49G069013

EIN:

58-2433751

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER REVENUE	1,219	0

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

PEEPLES FOUNDATION 49G069013

EIN:

58-2433751

Description	Amount
2019 TRANS POSTED IN 2020	1,249

- TIN:

TY 2020 TaxesSchedule

Name:

PEEPLES FOUNDATION 49G069013

EIN:

58-2433751

Category	Amount	Net Investment Income
FOREIGN TAXES	461	461
FOREIGN TAXES ON QUALIFIED FOR	324	324
FOREIGN TAXES ON NONQUALIFIED	34	34