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
W A WOLFE JR AND PHYLLIS P WOLFE
FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)525 FEDERAL STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLUEFIELD, WV24701
A Employer identification number

55-0684389
B Telephone number (see instructions)

(304) 324-3262
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$4,545,753J 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... 67,143 67,143  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,196
b Gross sales price for all assets on line 6a 354,926
7 Capital gain net income (from Part IV, line 2)... 6,196
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 13,250   13,250
12 Total. Add lines 1 through 11........ 86,589 73,339 13,250
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 26,177 26,177    
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 900 900    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,526 26    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 49,603 27,103   0
25 Contributions, gifts, grants paid....... 201,950 201,950
26 Total expenses and disbursements. Add lines 24 and 25 251,553 27,103   201,950
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -164,964
b Net investment income (if negative, enter -0-) 46,236
c Adjusted net income (if negative, enter -0-)... 13,250
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............. 20,236 29,540 29,544
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,884,892 Click to see attachment2,744,809 3,644,659
c Investments—corporate bonds (attach schedule)....... 867,413 Click to see attachment833,228 871,550
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 3,772,541 3,607,577 4,545,753
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........ 3,772,541 3,607,577
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)..... 3,772,541 3,607,577
30 Total liabilities and net assets/fund balances (see instructions). 3,772,541 3,607,577
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
3,772,541
2
Enter amount from Part I, line 27a .....................
2
-164,964
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,607,577
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,607,577
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 HARDING LOEVNER FDS INC INTL P 2018-08-29 2020-05-27
b VANGUARD FTSE DEVELOPED MARKETS P 2018-08-29 2020-05-27
c AARONS HOLDINGS COMPANY INC P 2019-08-29 2020-11-20
d CACI INTL INC CL A P 2019-06-20 2020-11-20
e DOLLAR TREE INC P 2019-08-29 2020-11-20
ISHARES CORE U.S. AGGREGATE BOND P 2019-08-29 2020-12-15
JACOBS ENGR GROUP INC P 2019-08-29 2020-11-20
ROPER TECHNOLOGIES INC P 2019-06-20 2020-11-20
(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 77,015   77,891 -876
b 74,898   79,939 -5,041
c 30,378   30,942 -564
d 34,691   31,122 3,569
e 30,793   31,668 -875
35,387   34,185 1,202
37,353   31,724 5,629
34,411   31,259 3,152
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       -876
b       -5,041
c       -564
d       3,569
e       -875
      1,202
      5,629
      3,152
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 6,196
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................................ 1 643
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 643
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 643
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 643
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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)
    bulletWV
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSUMMIT COMMUNITY BANK Telephone no.bullet (304) 324-3262

    Located atbullet525 FEDERAL STREETBLUEFIELDWV ZIP+4bullet24701
    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
     
     
    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
    SUMMIT COMMUNITY BANK TRUSTEE
    5.00     		26,177 0 0
    525 FEDERAL STREET
    BLUEFIELD,WV24701
    FRANK W WILKINSON PRESIDENT
    3.00     		0 0 0
    525 FEDERAL STREET
    BLUEFIELD,WV24701
    JULIE JOHNSON VICE PRESIDE
    1.00     		0 0 0
    525 FEDERAL STREET
    BLUEFIELD,WV24701
    J RONALD HYPES DIRECTOR
    1.00     		0 0 0
    525 FEDERAL STREET
    BLUEFIELD,WV24701
    AMY S HAVENS DIRECTOR
    1.00     		0 0 0
    2098 DRY FORK ROAD
    ROCKY GAP,VA24366
    KATHERINE S SHOTT DIRECTOR
    1.00     		0 0 0
    422 OAKHURST AVENUE
    BLUEFIELD,WV24701
    ELIZABETH M PRUETT SECRETARY/TR
    1.00     		0 0 0
    1629 COLLEGE AVENUE
    BLUEFIELD,WV24701
    CHRIS SHOEMAKER DIRECTOR
    1.00     		0 0 0
    615 SUMMIT STREET
    BLUEFIELD,VA24605
    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  
    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.............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 N/A  
    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
    4,094,013
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,094,013
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    4,094,013
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    61,410
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,032,603
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    201,630
    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
    201,630
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    643
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    643
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    200,987
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    200,987
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    200,987
    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
    201,950
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    201,950
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    201,950
    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 7 200,987
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 166,372
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 201,950
    a Applied to 2019, but not more than line 2a 166,372
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 35,578
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		165,409
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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:
    DREW PORTER
    525 FEDERAL STREET
    BLUEFIELD,WV24701
    (304) 324-3262
    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:
    AWARDS RESTRICTED TO RESIDENTS LIVING IN SPECIFIC COUNTIES IN WV AND VA
    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
    DESTINY ADDAIR
    2572 STATE LINE RIDGE RD
    GRUNDY,VA24614     		NONE NONE EDUCATIONAL 2,000
    DANIEL ADKINS
    241 RAYSAL HOLLOW ROAD
    RAYSAL,WV24879     		NONE NONE EDUCATIONAL 1,500
    SAVANAH ADKINS
    PO BOX 2101
    OCEANA,WV24870     		NONE NONE EDUCATIONAL 1,000
    EMILY ALIFF
    HC 65 BOX 868
    DAVY,WV24828     		NONE NONE EDUCATIONAL 1,000
    CHLOE ALLEN
    122 BARROW AVENUE
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 2,000
    MATTHEW ATWELL
    130 JOSH FORK
    SIMON,WV24882     		NONE NONE EDUCATIONAL 2,000
    MORGAN BAILEY
    46 QUICK RUN ROAD
    DAVY,WV24828     		NONE NONE EDUCATIONAL 1,500
    SHANTELLE BAILEY
    144 JADE ROAD
    PANTHER,WV24872     		NONE NONE EDUCATIONAL 1,500
    JARED BISHOP
    PO BOX 746
    PRINCETON,WV24740     		NONE NONE EDUCATIONAL 1,000
    EMILEE BLACKBURN
    PO BOX 1983
    OCEANA,WV24870     		NONE NONE EDUCATIONAL 2,000
    MITCHELL BLACKBURN
    PO BOX 192
    CLEAR FORK,WV24822     		NONE NONE EDUCATIONAL 2,000
    BRENDAN BLANKENSHIP
    281 AGEE HOLLOW ROAD
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 1,500
    PATTI BLANKENSHIP
    568 COX FORK ROAD
    PINEVILLE,WV24847     		NONE NONE EDUCATIONAL 2,000
    SARAH BOOTHE
    5499 HUFF CREEK ROAD
    CYCLONE,WV24827     		NONE NONE EDUCATIONAL 1,000
    HOPE LEANN BROWN
    PO BOX 91
    GLEN FORK,WV25845     		NONE NONE EDUCATIONAL 2,000
    JULIANNA BROWN
    PO BOX 235
    JESSEE,WV24849     		NONE NONE EDUCATIONAL 500
    JARED BROYLES
    341 DAMSON AVENUE
    PRINCETON,WV24739     		NONE NONE EDUCATIONAL 2,000
    MATTHEW CALDWELL
    67 BOC LANE
    STEPHENSON,WV25928     		NONE NONE EDUCATIONAL 1,500
    SETH CARDWELL
    2635 VALLEY VIEW AVENUE
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 500
    ANDREA CARTER
    PO BOX 1956
    PINEVILLE,WV24874     		NONE NONE EDUCATIONAL 1,500
    ALLYSON CASSELL
    105 SAMARA LANE
    MOORESVILLE,NC28115     		NONE NONE EDUCATIONAL 2,000
    BRITNEY CATRON
    124 FRENCHS BOTTOM ROAD
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 500
    WHITNEY CHANDLER
    7286 COAL MOUNTAIN ROAD
    COAL MOUNTAIN,WV24823     		NONE NONE EDUCATIONAL 2,000
    LAKEN CHRONISTER
    304 PARK DALE STREET
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 2,300
    DESTINY CLEMINS
    PO BOX 633
    MONTCALM,WV24737     		NONE NONE EDUCATIONAL 2,000
    GEORGE CLEMENT
    610 CANARY CIRCLE
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 1,500
    DAKOTA CLINE
    3121 BULL CREEK ROAD
    MOHAWK,WV24862     		NONE NONE EDUCATIONAL 1,000
    MICHAEL CLINE
    PO BOX 91
    BRENTON,WV24818     		NONE NONE EDUCATIONAL 2,500
    ADAM COLE
    176 SISTER STREET
    FALLS MILLS,VA24613     		NONE NONE EDUCATIONAL 500
    MOOKIE COLLIER
    304 FREDERICK ST APT 2
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 2,000
    CARLA COOK
    713 TIMBERLINE
    MORGANTOWN,WV26505     		NONE NONE EDUCATIONAL 2,000
    ETHAN COOK
    PO BOX 187
    ROCKY GAP,VA24366     		NONE NONE EDUCATIONAL 1,000
    TRAVIS COOK
    2758 CRANY ROAD
    OCEANA,WV24870     		NONE NONE EDUCATIONAL 2,000
    RILEY COSTELLO
    PO BOX 1175
    OCEANA,WV24870     		NONE NONE EDUCATIONAL 2,000
    ALEXIS COX
    PO BOX 92
    VANSANT,VA24656     		NONE NONE EDUCATIONAL 2,500
    KAYLA CRISCO
    4575 COUNTRY ROAD 12
    PROCTORVILLE,OH45669     		NONE NONE EDUCATIONAL 1,500
    STEPHEN DAMON
    PO BOX 432
    POCAHONTAS,VA24635     		NONE NONE EDUCATIONAL 2,000
    HAILEY DAVIDSON
    111 JAVED LANE
    POUNDING MILL,VA24637     		NONE NONE EDUCATIONAL 1,500
    KYLEE DEEL
    1086 CATERPILLAR ROAD
    OAKWOOD,VA24631     		NONE NONE EDUCATIONAL 2,000
    TAYLOR DELONG
    HC 72 BOX 888
    OCEANA,WV24870     		NONE NONE EDUCATIONAL 2,000
    MADYSON DODSON
    189 SANDY HOLLOW DRIVE
    BLAND,VA24315     		NONE NONE EDUCATIONAL 1,500
    JONATHAN DU
    114 WINDSON CIRCLE
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 1,000
    JASON EDWARDS JR
    912 FREDERICK STREET
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 2,000
    KALI ELLSION
    PO BOX 1285
    PINEVILLE,WV24874     		NONE NONE EDUCATIONAL 3,250
    JORDAN FAULKNER
    1545 WESENDONCK ROAD
    BLAND,VA24315     		NONE NONE EDUCATIONAL 2,000
    SAMANTHA FERRELL
    PO BOX 205
    RICHLANDS,VA24641     		NONE NONE EDUCATIONAL 1,500
    BREANNE FIELDS
    163 PORTER DRIVE
    PRINCETON,WV24739     		NONE NONE EDUCATIONAL 1,000
    MORGAN FISHER
    383 BIG MEADOWS DRIVE
    NEWPORT,VA24128     		NONE NONE EDUCATIONAL 2,500
    CHASITY FRANCIS
    PO BOX 2064
    OCEANA,WV24870     		NONE NONE EDUCATIONAL 2,000
    IRELAND GARRETT
    1217 SANDLICK ROAD
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 1,500
    TORI GIBSON
    PO BOX 192
    CLEAR FORK,WV24822     		NONE NONE EDUCATIONAL 2,000
    ISABEL GILBERT
    3691 KENTS RIDGE ROAD
    CEDAR BLUFF,VA24609     		NONE NONE EDUCATIONAL 1,000
    LAUREN GWYN
    11365 GRAPEFIELD ROAD
    BASTIAN,VA24314     		NONE NONE EDUCATIONAL 1,000
    ERIN HARRSION
    PO BOX 413
    MATHENY,WV24860     		NONE NONE EDUCATIONAL 1,000
    CHRISTOPHER HARVEY
    73 PIERPONT ROAD
    MABEN,WV25870     		NONE NONE EDUCATIONAL 1,500
    ETHAN HARVEY
    1081 EVANGELISM ROAD
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 2,500
    JAYDEN HEARN
    225 VALLEY DALE STREET
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 1,500
    KENDRA HELTON
    103 RAMBLING ROAD
    CEDAR BLUFF,VA24609     		NONE NONE EDUCATIONAL 3,000
    CHEYENNE HICKS
    PO BOX 102
    HORSEPEN,VA24619     		NONE NONE EDUCATIONAL 1,000
    ISABELLA HURLEY
    2194 FOURPOLE CREED ROAD
    ISABAN,WV24846     		NONE NONE EDUCATIONAL 1,000
    PAIGE JEWELL
    525 FRANKLIN ROAD
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 1,000
    MCKENZIE JONES
    150 CRAB ORCHARD ROAD
    TAZEWELL,VA24651     		NONE NONE EDUCATIONAL 2,250
    CAITLYNN JUSTICE
    5508 OLD GUESSES FORK RD
    HURLEY,VA24620     		NONE NONE EDUCATIONAL 750
    MICHAELA JUSTICE
    PO BOX 123
    JESSE,WV24849     		NONE NONE EDUCATIONAL 2,500
    MATTHEW KINZER
    567 ROLLING HILLS DRIVE
    PRINCETON,WV24740     		NONE NONE EDUCATIONAL 2,000
    CHANDLER KOGER
    PO BOX 436
    RODERFIELD,WV24881     		NONE NONE EDUCATIONAL 1,000
    DAYNA LAFFERTY
    240 ADAMS STREET
    TAZEWELL,VA24651     		NONE NONE EDUCATIONAL 2,000
    JACKSON LARGEN
    700 OAKHURST AVENUE
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 1,000
    BRANDON LESTER
    PO BOX 492
    GHENT,WV25843     		NONE NONE EDUCATIONAL 2,500
    SHANIA LESTER
    PO BOX 132
    HANOVER,WV24839     		NONE NONE EDUCATIONAL 1,500
    BRITTNEY LOONEY
    1138 LYNN CAMP BRANCH RD
    GRUNDY,VA24614     		NONE NONE EDUCATIONAL 2,900
    MAKENZIE LUSK
    PO BOX 746
    PINEVILLE,WV24874     		NONE NONE EDUCATIONAL 750
    CAROLINE MALACHOWSLEY
    506 W CUMBERLAND ROAD
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 3,000
    ARNOLD MARTIN JR
    643 ROCKBRIDGE STREET
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 1,000
    BRADLEY MAXFIELD
    205 HICKORY RIDGE DRIVE
    TAZEWELL,VA24651     		NONE NONE EDUCATIONAL 500
    ALISON MEADE
    169 YELLOW TOWN LANE
    ENGLISH,WV24892     		NONE NONE EDUCATIONAL 1,500
    ABIGAIL MEADE
    169 YELLOW TOWN LANE
    ENGLISH,WV24892     		NONE NONE EDUCATIONAL 1,500
    LINDSEY MEADE
    169 YELLOW TOWN LANE
    ENGLISH,WV24892     		NONE NONE EDUCATIONAL 1,500
    AUTUMN MEADOWS
    420 PARKWAY AVENUE
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 500
    COURTNEY MEADOWS
    150 PROVIDENCE PLACE
    PRINCETON,WV24739     		NONE NONE EDUCATIONAL 1,000
    AUTUMN MULLINS
    141 EMPIRE DRIVE
    NORTH TAZEWELL,VA24630     		NONE NONE EDUCATIONAL 2,500
    WILLIAM MULLINS
    300 OLYMPIC DRIVE
    TAZEWELL,VA24652     		NONE NONE EDUCATIONAL 2,000
    ADALINE NOLLEY
    6621 LAUREL FORK ROAD
    ROCKY GAP,VA24366     		NONE NONE EDUCATIONAL 1,500
    THOMAS O'QUINN
    1792 UPPER VALLEY ROAD
    TAZEWELL,VA24651     		NONE NONE EDUCATIONAL 2,000
    MIRANDA OSBORNE
    PO BOX 36
    BIG SANDY,WV24816     		NONE NONE EDUCATIONAL 2,000
    HANNAH OVERSTREET
    106 GLENN COURT
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 1,500
    BROOKE OWENS
    7327 LOVERS GAP ROAD
    VANSANT,VA24656     		NONE NONE EDUCATIONAL 1,500
    DAKOTA PARNELL
    237 SUIT ROAD
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 500
    JARED PARNELL
    237 SUIT ROAD
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 500
    HALEIGH PARSONS
    809 MCGRAWS ROAD
    SAULSVILLE,WV25876     		NONE NONE EDUCATIONAL 1,000
    ANNA PAULEY
    2224 WALKERS CREEK ROAD
    BLAND,VA24315     		NONE NONE EDUCATIONAL 2,000
    EDGAR PONCE
    PO BOX 742
    OCEANA,WV24870     		NONE NONE EDUCATIONAL 1,500
    KATLIN PRESNELL
    8694 NEW HOPE ROAD
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 1,500
    KIERA PUGALEE
    205 KING STREET
    NORTH TAZEWELL,VA24630     		NONE NONE EDUCATIONAL 2,500
    KIYA RAHN
    5065 HORTON RIDGE ROAD
    SWORDS CREEK,VA24649     		NONE NONE EDUCATIONAL 2,000
    DAPHNE RATLIFF
    PO BOX 113
    PILGRIMS KNOB,VA24634     		NONE NONE EDUCATIONAL 1,500
    JOSEPH REMINES
    605 QUAIL DRIVE
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 2,000
    ISAIAH RIFE
    PO BOX 34
    BISHOP,VA24604     		NONE NONE EDUCATIONAL 2,500
    SELENA RIVERA
    PO BOX 5731
    PRINCETON,WV24740     		NONE NONE EDUCATIONAL 1,000
    CHRISTOPHER ROBERTSON
    3733 SANDLICK ROAD
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 2,000
    SHILOH ROSE
    168 CITY VIEW HEIGHTS
    PRINCETON,WV24740     		NONE NONE EDUCATIONAL 750
    ALEX ROWE
    PO BOX 402
    VANSANT,VA24656     		NONE NONE EDUCATIONAL 2,000
    BRADLEY SABO
    371 MOWLES CHAPEL ROAD
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 2,000
    JARED SANDY
    PO BOX 278
    BUD,WV24716     		NONE NONE EDUCATIONAL 1,000
    KARA SANDY
    PO BOX 278
    BUD,WV24716     		NONE NONE EDUCATIONAL 500
    SARA SAUNDERS
    550 SWEETWATER DRIVE
    TAZEWELL,VA24651     		NONE NONE EDUCATIONAL 1,500
    JAZMIN SCARBERRY
    1206 VIRGINIA AVENUE
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 1,000
    HANNAH SHOCKLEY
    118 POST ROAD
    FALLS MILLS,VA24613     		NONE NONE EDUCATIONAL 2,000
    HANNAH SHUFF
    3488 WOLF CREEK ROAD
    NARROWS,VA24124     		NONE NONE EDUCATIONAL 2,000
    NATHANAEL SHUMATE
    219 TIMBER HILL DRIVE
    PRINCETON,WV24739     		NONE NONE EDUCATIONAL 1,000
    REBECCA SHUMATE
    219 TIMBER HILL DRIVE
    PRINCETON,WV24739     		NONE NONE EDUCATIONAL 1,500
    CAMERON SMITH
    114 RIDGEWAY DRIVE
    PRINCETON,WV24740     		NONE NONE EDUCATIONAL 1,000
    SAVANNAH STEVENSON
    PO BOX 979
    POUNDING MILL,VA24637     		NONE NONE EDUCATIONAL 1,000
    KYRA STEWART
    PO BOX 66
    OCEANA,WV24870     		NONE NONE EDUCATIONAL 1,000
    MYLEIGH STEWART
    PO BOX 33
    PINEVILLE,WV24874     		NONE NONE EDUCATIONAL 2,000
    SOMER STONE
    112 WILSON STREET
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 1,500
    JOSHUA STROUD
    567 BULLTAIL HOLLOW ROAD
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 500
    ALEC TAYLOR
    PO BOX 97
    ROCKY GAP,VA24366     		NONE NONE EDUCATIONAL 2,500
    VICTORIA TERRY
    311 MEMORY LANE
    PRINCETON,WV24739     		NONE NONE EDUCATIONAL 2,000
    LEANNE THOMAS
    339 MAPLE STREET
    TAZEWELL,VA24651     		NONE NONE EDUCATIONAL 2,000
    HALEY TILLER
    1060 TILLER MTN ROAD
    HONAKER,VA24260     		NONE NONE EDUCATIONAL 1,000
    CYDNEY VINEYARD
    460 STADIUM DRIVE
    WELCH,WV24801     		NONE NONE EDUCATIONAL 1,500
    JAMAIKAH WALLACE
    2105 WASHINGTON STREET
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 500
    DOMINIC WALLS
    65 FOUNDATION FORK
    SIMON,WV24882     		NONE NONE EDUCATIONAL 2,000
    ALEXANDER WHITE
    610 CARDINAL STREET
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 1,000
    BENJAMIN WHITE
    610 CARDINAL STREET
    BLUEFIELD,VA24605     		NONE NONE EDUCATIONAL 1,000
    MONEY WILLIAMS
    2014 WASHINGTON STREET
    BLUEFIELD,WV24701     		NONE NONE EDUCATIONAL 2,000
    KELSI YORK
    PO BOX 278
    OCEANA,WV24870     		NONE NONE EDUCATIONAL 1,500
    Total .................................bullet 3a 201,950
    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 67,143  
    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 6,196  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRETURN OF PRIOR YEAR GRANTS     		        13,250
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   73,339 13,250
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    86,589
    (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:
    W A WOLFE JR AND PHYLLIS P WOLFE
     
    FOUNDATION INC
    EIN:
    55-0684389
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF TAX PREPARATION FEE 900 900    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    W A WOLFE JR AND PHYLLIS P WOLFE
     
    FOUNDATION INC
    EIN:
    55-0684389
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ISHARES CORE US AGGREGATE BOND 375,310 395,464
    ISHARES US TREASURY BOND 357,636 366,378
    ISHARES 3-7 YEAR TREASURY BOND 100,282 109,708

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    W A WOLFE JR AND PHYLLIS P WOLFE
     
    FOUNDATION INC
    EIN:
    55-0684389
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AARONS INC    
    ABBOTT LABORATORIES 30,283 38,978
    ACCENTURE PLC CLASS A 30,963 40,488
    AKAMAI TECHNOLOGIES INC 31,558 36,851
    BECTON DICKINSON & CO 30,440 31,528
    CACTI INTL INC    
    CERNER CORP 29,311 33,276
    COSTCO WHSL CORP 32,509 45,967
    DARDEN RESTAURANTS INC 31,035 30,376
    DOLLAR TREE INC    
    ECOLAB INC 30,402 31,805
    FISERV INV 30,794 38,485
    GLOBAL PMTS INC 30,970 40,284
    HOME DEPOT INC 32,527 41,171
    INTUIT 31,883 45,202
    JACOBS ENGR GROUP INC    
    LAUDER ESTEE COS 30,520 39,929
    MASTERCARD INC 30,649 38,906
    MICROSOFT CORP 30,544 49,155
    O REILLY AUTOMOTIVE INC 30,214 35,300
    ROPER TECHNOLOGIES INC    
    STARBUCKS CORP 32,773 41,615
    SYSCO CORP 30,694 30,669
    THERMO FISHER CORP 30,958 50,770
    TJX COS INC 31,792 40,086
    TRACTOR SUPPLY CO 31,106 42,033
    UNITED TECHNOLOGIES CORP    
    UNITED HEALTH GROUP INC 28,982 43,835
    WASTE MANAGEMENT INC 30,467 30,190
    HARDING LOEVNER FDS INC INTL 83,792 111,591
    DOUBLELINE TOTAL RETURN BOND FUND 304,296 304,866
    INVESCO QQQ TR UNIT SER 1 53,818 313,740
    ISHARES CORE S&P SMALL-CAP 166,920 298,216
    ISHARES EDGE MSCI USA MOMENTUM 74,239 98,709
    ISHARES MSCI EAFE 99,949 87,552
    ISHARES RUSSELL MID-CAP GROWTH 252,227 360,507
    ISHARES RUSSELL 1000 133,411 173,921
    ISHARES US FINANCIAL SERVICES 165,318 187,412
    VANGUARD FTSE DEVELOPED MARKETS 318,756 376,500
    VANGUARD FTSE EMERGING MARKETS 175,394 205,852
    CARRIER GLOBAL CORPORATION 5,137 8,977
    OTIS WORLDWIDE CORP 7,836 8,038
    RAYTHEON TECHNOLOGIES CORP 17,884 17,019
    ETFMG PRIME MOBILE PAYMENTS 22,014 24,612
    EXCHANGE TRADED CONCEPTS 21,782 24,356
    FIRST TRUST EXCHANGE TRADED FUND 22,037 25,962
    GLOBAL X FDS US INFRASTRUCTURE 21,989 23,331
    INVESCO EXCHANGE TRADED FD 22,131 26,881
    RENAISSANCE CAP GREENWICH 22,037 24,506
    VANECK VECTORS ETF TR AGRIBUSINESS 22,242 23,367
    VANECK VECTORS ETF TR SEMICONDUCTOR 20,226 21,845

    TY 2020 OtherIncomeSchedule2
    Name:
    W A WOLFE JR AND PHYLLIS P WOLFE
     
    FOUNDATION INC
    EIN:
    55-0684389
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RETURN OF PRIOR YEAR GRANTS 13,250   13,250


    TY 2020 TaxesSchedule
    Name:
    W A WOLFE JR AND PHYLLIS P WOLFE
     
    FOUNDATION INC
    EIN:
    55-0684389
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990PF EXCISE TAX 22,500      
    WV SECRETARY OF STATE LICENSSE 26 26