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
LIGHT RANCH AT OLD SNOWMASS CHARITABLE
TRUST INC-ROGER D MAGGARD TRUSTEE

Number and street (or P.O. box number if mail is not delivered to street address)818 COLORADO AVENUEPO DRAWER 790
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
GLENWOOD SPRINGS, CO81602

A Employer identification number

84-1420992

B Telephone number (see instructions)

(970) 945-6546

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

$1,092,356J 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	(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...	27,729		27,729
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		27,990
b	Gross sales price for all assets on line 6a 290,298
7	Capital gain net income (from Part IV, line 2)...			27,990
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	55,719		55,719
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		600	0	0
b	Accounting fees (attach schedule).......		2,602	0	0
c	Other professional fees (attach schedule)....		18,365	18,280	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		677	0	0
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..........	22,244		18,280	0
25	Contributions, gifts, grants paid.......	55,000			55,000
26	Total expenses and disbursements. Add lines 24 and 25	77,244		18,280	55,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-21,525
b	Net investment income (if negative, enter -0-)			37,439
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	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.............	2,255	4,170	4,170
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	607	800	800
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,045,111	1,087,386	1,087,386
	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)	1,047,973	1,092,356	1,092,356
	17	Accounts payable and accrued expenses..........		3,938
	18	Grants payable.................	1,000	5,000
	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).........	1,000	8,938
		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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	1,046,973	1,083,418
	29	Total net assets or fund balances (see instructions).....	1,046,973	1,083,418
	30	Total liabilities and net assets/fund balances (see instructions).	1,047,973	1,092,356

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

1,046,973

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

-21,525

Other increases not included in line 2 (itemize) bullet

57,970

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

1,083,418

Decreases not included in line 2 (itemize) bullet

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

1,083,418

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	AMERN SHORT-TRM BD OF AMER		2019-12-31	2020-05-26
b	AMERICAN HIGH-INCOME TRUST A		2013-09-25	2020-02-26
c	AMERICAN HIGH-INCOME TRUST A		2013-09-25	2020-04-28
d	AMERICAN CAP INC BLDR A			2020-05-22
e	FRANKLIN DYNATECH A		2018-12-19	2020-04-28
	FRANKLIN INCOME A1			2020-02-26
	FRANKLIN LOW DUR TTL RTN A			2020-04-28
	FRANKLIN LOW DUR TTL RTN A			2020-05-26
	FRANKLIN RISING DIVIDENDS A		2018-12-19	2020-04-28
	AMERN SHORT-TRM BD OF AMER A			2020-05-26
	WELLTOWER INC REIT			2020-02-26
	WELLTOWER INC REIT		2018-04-25	2020-05-22
	LSV VALUE EQUITY I			2020-05-26
	AMERICAN CAPITAL WORLD BOND F3			2020-05-26
	FA NEW MARKETS INCOME Z			2020-10-28
	AMERICAN INTL GROWTH & INC F3		2020-05-26	2020-07-15
	AMERICAN INTL GROWTH & INC F3		2020-05-26	2020-12-03
	AMERICAN INTL GROWTH & INC F3		2020-05-26	2020-12-15
	MFS EMERGING MARKETS DEBT R6		2020-10-28	2020-12-15
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-01-15
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-04-15
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-05-13
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-05-26
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-06-15
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-07-15
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-08-13
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-09-15
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-10-14
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-11-13
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-12-03
	INVESCO DEVELOPING MARKETS R6		2018-12-20	2020-12-15
	LSV VALUE EQUITY I		2018-12-20	2020-01-15
	LSV VALUE EQUITY I		2018-12-20	2020-04-15
	LSV VALUE EQUITY I			2020-05-26
	BRIDGE BUILDER CORE BOND		2018-12-20	2020-02-26
	BRIDGE BUILDER CORE BOND		2018-12-20	2020-03-13
	BRIDGE BUILDER CORE BOND		2018-12-20	2020-03-31
	BRIDGE BUILDER CORE BOND		2018-12-20	2020-12-15
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-01-15
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-02-12
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-03-31
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-04-15
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-05-13
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-06-15
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-07-15
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-08-13
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-09-15
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-10-14
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-11-13
	BRIDGE BUILDER LARGE GROWTH		2018-12-20	2020-12-03
	BRIDGE BUILDER LARGE VALUE		2018-12-20	2020-01-15
	BRIDGE BUILDER LARGE VALUE		2018-12-20	2020-02-12
	BRIDGE BUILDER LARGE VALUE		2018-12-20	2020-04-15
	BRIDGE BUILDER LARGE VALUE		2018-12-20	2020-05-13
	BRIDGE BUILDER LARGE VALUE		2018-12-20	2020-06-15
	BRIDGE BUILDER LARGE VALUE		2018-12-20	2020-07-15
	BRIDGE BUILDER LARGE VALUE		2018-12-20	2020-08-13
	BRIDGE BUILDER LARGE VALUE		2018-12-20	2020-09-15
	BRIDGE BUILDER LARGE VALUE		2018-12-20	2020-10-14
	BRIDGE BUILDER LARGE VALUE		2018-12-20	2020-11-13
	BRIDGE BUILDER LARGE VALUE		2018-12-20	2020-12-03
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-01-15
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-02-12
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-04-15
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-05-13
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-06-15
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-07-15
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-08-13
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-09-15
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-10-14
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-11-13
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-12-03
	BRIDGE BUILDER SMALL/MID GRW		2018-12-20	2020-12-15
	BRIDGE BUILDER SMALL/MID VALUE		2018-12-20	2020-01-15
	BRIDGE BUILDER SMALL/MID VALUE		2018-12-20	2020-02-12
	BRIDGE BUILDER SMALL/MID VALUE		2018-12-20	2020-04-15
	BRIDGE BUILDER SMALL/MID VALUE		2018-12-20
	BRIDGE BUILDER SMALL/MID VALUE		2018-12-20
	BRIDGE BUILDER SMALL/MID VALUE		2018-12-20
	BRIDGE BUILDER SMALL/MID VALUE		2018-12-20
	BRIDGE BUILDER SMALL/MID VALUE		2018-12-20	2020-10-14
	BRIDGE BUILDER SMALL/MID VALUE		2018-12-20	2020-11-13
	BRIDGE BUILDER SMALL/MID VALUE		2018-12-20	2020-12-03
	BRIDGE BUILDER SMALL/MID VALUE		2018-12-20	2020-12-15
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-01-15
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-02-12
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-04-15
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-05-13
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-05-26
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-06-15
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-07-15
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-08-13
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-09-15
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-10-14
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-11-13
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-12-03
	BRIDGE BUILDER INTL EQUITY		2018-12-20	2020-12-15
	BRIDGE BUILDER CORE PLUS BOND		2018-12-20	2020-02-26
	BRIDGE BUILDER CORE PLUS BOND		2018-12-20	2020-03-13
	BRIDGE BUILDER CORE PLUS BOND		2018-12-20	2020-03-31
	BRIDGE BUILDER CORE PLUS BOND		2018-12-20	2020-12-15
	AMERICAN CAPITAL WORLD BOND F3		2018-12-20	2020-03-13
	AMERICAN CAPITAL WORLD BOND F3		2018-12-20	2020-03-31
	AMERICAN CAPITAL WORLD BOND F3			2020-05-26
	PIMCO HIGH YIELD I		2018-12-20	2020-03-13
	PIMCO HIGH YIELD I		2018-12-20	2020-03-31
	PIMCO HIGH YIELD I		2018-12-20	2020-12-15
	VANGUARD VALUE ETF		2018-12-20	2020-01-15
	VANGUARD VALUE ETF		2018-12-20	2020-02-12
	VANGUARD VALUE ETF		2018-12-20	2020-04-15
	VANGUARD VALUE ETF		2018-12-20	2020-12-03
	VANGUARD SMALL CAP ETF		2018-12-20	2020-02-12
	VANGUARD SMALL CAP ETF		2018-12-20	2020-04-15
	VANGUARD SMALL CAP ETF		2018-12-20	2020-05-13
	VANGUARD SMALL CAP ETF		2018-12-20	2020-06-15
	VANGUARD SMALL CAP ETF		2018-12-20	2020-07-15
	VANGUARD SMALL CAP ETF		2018-12-20	2020-08-13
	VANGUARD SMALL CAP ETF		2018-12-20	2020-09-15
	VANGUARD SMALL CAP ETF		2018-12-20	2020-10-14
	VANGUARD SMALL CAP ETF		2018-12-20	2020-11-13
	VANGUARD SMALL CAP ETF		2018-12-20	2020-12-03
	VANGUARD SMALL CAP ETF		2018-12-20	2020-12-15
	WASH SALE ADJUSTMENT		2018-12-20	2020-04-15
	CAPITAL GAINS 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	1	1	0
b	2,000	2,259	-259
c	2,933	3,781	-848
d	6,000	6,171	-171
e	986	716	270
	1,500	1,595	-95
	2,425	2,712	-287
	7,660	8,326	-666
	5,169	4,669	500
	4,241	4,178	63
	9,722	6,426	3,296
	5,089	5,613	-524
	4,083	4,310	-227
	446	422	24
	16,335	17,438	-1,103
	125	112	13
	1,668	1,306	362
	105	81	24
	108	103	5
	361	305	56
	127	138	-11
	241	254	-13
	14,053	14,473	-420
	457	435	22
	413	367	46
	235	205	30
	273	232	41
	235	197	38
	235	186	49
	3,401	2,581	820
	111	84	27
	112	95	17
	185	214	-29
	19,704	20,801	-1,097
	7,339	6,763	576
	1,264	1,183	81
	14,521	13,614	907
	204	191	13
	636	469	167
	1,105	785	320
	3,767	3,360	407
	689	566	123
	1,180	927	253
	162	132	30
	762	579	183
	622	453	169
	855	606	249
	1,023	697	326
	674	453	221
	8,140	5,335	2,805
	457	355	102
	483	374	109
	711	719	-8
	133	135	-2
	434	395	39
	182	162	20
	468	398	70
	503	425	78
	372	311	61
	520	408	112
	8,894	6,694	2,200
	219	171	48
	289	220	69
	273	260	13
	836	744	92
	387	308	79
	401	303	98
	309	223	86
	282	205	77
	422	287	135
	328	216	112
	4,413	2,797	1,616
	860	622	238
	255	203	52
	178	141	37
	385	426	-41
	8,483	8,332	151
	387	369	18
	374	332	42
	238	214	24
	236	207	29
	378	304	74
	6,991	5,372	1,619
	618	462	156
	823	703	120
	640	548	92
	189	204	-15
	338	352	-14
	21,358	21,223	135
	967	921	46
	976	879	97
	822	714	108
	718	624	94
	544	468	76
	704	572	132
	10,823	8,432	2,391
	280	216	64
	9,694	9,092	602
	1,412	1,356	56
	15,259	14,798	461
	229	215	14
	150	145	5
	1,521	1,485	36
	14,088	13,351	737
	174	180	-6
	1,164	1,243	-79
	108	102	6
	120	97	23
	243	195	48
	286	292	-6
	470	390	80
	169	130	39
	121	130	-9
	259	261	-2
	139	130	9
	148	130	18
	158	130	28
	157	130	27
	166	130	36
	173	130	43
	2,760	1,956	804
	381	261	120
	135		135
	7,051		7,051

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			0
b			-259
c			-848
d			-171
e			270
			-95
			-287
			-666
			500
			63
			3,296
			-524
			-227
			24
			-1,103
			13
			362
			24
			5
			56
			-11
			-13
			-420
			22
			46
			30
			41
			38
			49
			820
			27
			17
			-29
			-1,097
			576
			81
			907
			13
			167
			320
			407
			123
			253
			30
			183
			169
			249
			326
			221
			2,805
			102
			109
			-8
			-2
			39
			20
			70
			78
			61
			112
			2,200
			48
			69
			13
			92
			79
			98
			86
			77
			135
			112
			1,616
			238
			52
			37
			-41
			151
			18
			42
			24
			29
			74
			1,619
			156
			120
			92
			-15
			-14
			135
			46
			97
			108
			94
			76
			132
			2,391
			64
			602
			56
			461
			14
			5
			36
			737
			-6
			-79
			6
			23
			48
			-6
			80
			39
			-9
			-2
			9
			18
			28
			27
			36
			43
			804
			120
			135
			7,051

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	27,990
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	520
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	520
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	520
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	800
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	800
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	280
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax280	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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

N/A

The books are in care of bullet

MAGGARD HOOD PC Telephone no. bullet

(970) 945-8588

Located at bullet

PO BOX 370GLENWOOD SPRINGSCO ZIP+4 bullet

81602

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
ROGER D MAGGARD	PRESIDENT 1.00	0	0	0
810 PITKIN AVENUE/PO BOX 370 GLENWOOD SPRINGS,CO81602	PRESIDENT 1.00	0	0	0
JOE R HOOD	SECRETARY/TREASURER 0.25	0	0	0
810 PITKIN AVENUE/PO BOX 370 GLENWOOD SPRINGS,CO81602	SECRETARY/TREASURER 0.25	0	0	0
ANNE MARIE MCPHEE	SECRETARY 0.25	0	0	0
818 COLORADO AVENUE/PO DRAWER 790 GLENWOOD SPRINGS,CO81602	SECRETARY 0.25	0	0	0
SARA DUNN	DIRECTOR 0.25	0	0	0
818 COLORADO AVENUE/PO DRAWER 790 GLENWOOD SPRINGS,CO81602	DIRECTOR 0.25	0	0	0

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

972,389

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

12,154

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

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

984,543

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

984,543

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

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

14,768

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

969,775

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

48,489

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

48,489

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

520

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

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

520

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

47,969

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

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

47,969

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

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

47,969

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 ..........

55,000

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

55,000

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

55,000

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					47,969
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	7,189
b From 2016......	92
c From 2017......	4,107
d From 2018......	1,143
e From 2019......
fTotal of lines 3a through e........		12,531
4Qualifying distributions for 2020 from Part
XII, line 4: $ 55,000
a Applied to 2019, but not more than line 2a				0
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.....					47,969
e Remaining amount distributed out of corpus		7,031
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		19,562
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		7,189
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		12,373
10 Analysis of line 9:
a Excess from 2016....	92
b Excess from 2017....	4,107
c Excess from 2018....	1,143
d Excess from 2019....
e Excess from 2020....	7,031

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 e-mail address of the person to whom applications should be addressed:

BASALT HIGH SCHOOL SCHOLARSHIP COMM
PO DRAWER 790
GLENWOOD SPGS,CO81602
(970) 920-1701

bThe form in which applications should be submitted and information and materials they should include:

1) A COMPLETED APPLICATION FORM, 2) THE REQUIRED ESSAY, 3) A CERTIFIED COPY OF HIGH SCHOOL TRANSCRIPTS AND 4) TWO LETTERS OF RECOMMENDATION

cAny submission deadlines:

N/A

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

APPLICANTS MUST BE A GRADUATING SENIOR WHO HAS ATTENDED BASALT HIGH SCHOOL FOR AT LEAST TWO SEMESTERS PRIOR TO SUBMITTING APPLICATION. A MINIMUM GPA OF 3.0 SHALL BE MAINTAINED DURING THE FIRST SEMESTER OF STUDIES. RECIPIENTS MUST SERIOUSLY PERSUE A COURSE OF STUDY AT AN ACCREDITED SCHOOL AND BE GAINFULLY EMPLOYED DURING THE SUMMER BREAKS.

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
CARLA SOTO PO BOX 1896 BASALT,CO81621			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	5,000
LILY GILLIS 19 ZUNI CARBONDALE,CO81623			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	3,000
ELIZABETH ABARCA 20 RHIANNE LOOP CARBONDALE,CO81623			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	5,000
EMMA DAY 73 MCCABE RANCH RD SNOWMASS,CO81654			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	3,000
CONRAD NOEL 189 ASPEN WAY GLENWOOD SPGS,CO81601			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	3,000
DANIEL SHERRY 1010 LAUREN LANE BASALT,CO81621			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	4,000
JACKSON RAPPAPORT 281 DEER RUN CARBONDALE,CO81623			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	4,000
MATEO SALAZAR TEDIN 148 CHEYENNE AVE CARBONDALE,CO81623			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	2,000
CHEYENNE STONER 7651 SNOWMASS CREEK RD OLD SNOWMASS,CO81654			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	2,000
ISABEL MARTINEZ SALCEDO 51 LAZY GLEN SNOWMASS,CO81654			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	2,000
ZOE BURNS PO BOX 1925 BASALT,CO81621			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	1,000
MANOLY GARCIA 41 BYRON EL JEBEL,CO81623			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	2,000
CARLING ROBINSON 41 GOOSE LANE CARBONDALE,CO81623			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	1,000
CAITLYN ROBINSON 41 GOOSE LANE CARBONDALE,CO81623			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	1,000
JASMIN CALZADA 744 PALMER AVENUE GLENWOOD SPGS,CO81601			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	2,000
NATALIE SIMECEK 113 RABBIT ROAD CARBONDALE,CO81623			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	2,000
STEPHANIE ANGLIN 331 HOLLAND HILLS RD 1 BASALT,CO81621			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	1,000
KARLA RUIZ CRAVATO PO BOX 2417 BASALT,CO81621			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	1,000
TUCKER BRUCE 3204 ELK LANE BASALT,CO81621			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	5,000
MCKINLEY BRAUN 15 BUCKSKIN COURT CARBONDALE,CO81623			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	2,000
ITZEL ESPARZA 5123 FRYING PAN ROAD BASALT,CO81621			SCHOLARSHIP FOR UNDERGRADUATE STUDIES (PAID DIRECTLY TO UNIVERSITY)	4,000
Total ................................. 3a				55,000

bApproved for future payment

Total ................................. 3b				0

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....					27,729
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 ............					27,990
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		0	55,719

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

55,719

(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.)
4	FUNDS ARE INVESTED & PROVIDE INCOME FOR ADDITIONAL SCHOLARSHIP AWARDS

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:

LIGHT RANCH AT OLD SNOWMASS CHARITABLE

TRUST INC-ROGER D MAGGARD TRUSTEE

EIN:

84-1420992

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	2,602	0		0

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

LIGHT RANCH AT OLD SNOWMASS CHARITABLE

TRUST INC-ROGER D MAGGARD TRUSTEE

EIN:

84-1420992

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
EDWARD JONES - MONEY MARKET FUNDS	AT COST	19,403	19,403
EDWARD JONES - CORPORATE STOCKS	AT COST	39,466	39,466
EDWARD JONES - CLOSED END FUNDS	AT COST	72,933	72,933
EDWARD JONES - MUTUAL FUNDS	AT COST	955,584	955,584

- TIN:

TY 2020 LegalFeesSchedule

Name:

LIGHT RANCH AT OLD SNOWMASS CHARITABLE

TRUST INC-ROGER D MAGGARD TRUSTEE

EIN:

84-1420992

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	600	0		0

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

LIGHT RANCH AT OLD SNOWMASS CHARITABLE

TRUST INC-ROGER D MAGGARD TRUSTEE

EIN:

84-1420992

Description	Amount
UNREALIZED GAIN/LOSS ON INVESTMENTS CARRIED AT FMV	57,483
FORM 1099DIV NONDIVIDEND DISTRIBUTIONS	487

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

LIGHT RANCH AT OLD SNOWMASS CHARITABLE

TRUST INC-ROGER D MAGGARD TRUSTEE

EIN:

84-1420992

Category	Amount	Net Investment Income
ADVISORY FEES	8,092	8,092
INVESTMENT FEES	9,922	9,922
BANK CHARGES	85	0
INVESTMENT FORGN TAX	266	266

- TIN:

TY 2020 TaxesSchedule

Name:

LIGHT RANCH AT OLD SNOWMASS CHARITABLE

TRUST INC-ROGER D MAGGARD TRUSTEE

EIN:

84-1420992

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INCOME TAX EXPENSE	677	0		0