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
THE CHARLES C MATTHEWS FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1138
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CARTHAGE, TX75633

A Employer identification number

75-2741045

B Telephone number (see instructions)

(903) 693-7837

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

$16,644,751J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	454		454	454
4	Dividends and interest from securities...	214,706		186,878	214,706
5a	Gross rents............	7,000		7,000	7,000
b	Net rental income or (loss) 4,677
6a	Net gain or (loss) from sale of assets not on line 10		230,272
b	Gross sales price for all assets on line 6a 625,903
7	Capital gain net income (from Part IV, line 2)...			196,109
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).......		826,406	826,406	826,406
12	Total. Add lines 1 through 11........	1,278,838		1,216,847	1,048,566
13	Compensation of officers, directors, trustees, etc.	272,000		204,000		68,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		12,000	3,000		9,000
b	Accounting fees (attach schedule).......		11,500	10,350		1,150
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		14,102	14,102
19	Depreciation (attach schedule) and depletion...		24,957	23,207
20	Occupancy..............	1,776		1,776
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		45,142	43,839	2,323	1,303
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	381,477		300,274	2,323	79,453
25	Contributions, gifts, grants paid.......	538,267				538,267
26	Total expenses and disbursements. Add lines 24 and 25	919,744		300,274	2,323	617,720
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	359,094
b	Net investment income (if negative, enter -0-)			916,573
c	Adjusted net income (if negative, enter -0-)...				1,046,243

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	885,145	323,839	323,839
	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..........	4,221	7,000	7,000
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	2,732,768	2,918,622	4,496,629
	c	Investments—corporate bonds (attach schedule).......	85,511	85,511	89,900
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	7,782,803	8,536,337	9,693,747
	14	Land, buildings, and equipment: basis 2,144,516
		Less: accumulated depreciation (attach schedule) 272,869	1,898,518	1,871,647	1,871,647
	15	Other assets (describe )	163,740	161,989	161,989
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	13,552,706	13,904,945	16,644,751
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	13,552,706	13,904,945
	29	Total net assets or fund balances (see instructions).....	13,552,706	13,904,945
	30	Total liabilities and net assets/fund balances (see instructions).	13,552,706	13,904,945

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

13,552,706

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

359,094

Other increases not included in line 2 (itemize) bullet

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

13,911,800

Decreases not included in line 2 (itemize) bullet

6,855

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

13,904,945

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.)
1a
b
c
d
e

(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
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

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	196,109
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	12,740
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	12,740
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	12,740
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	7,000
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	13,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	20,000
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	7,260
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax7,260	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

N/A

The books are in care of bullet

RAYMOND C SCHIEFFER PC CPA Telephone no. bullet

(903) 693-7837

Located at bullet

1146 W PANOLACARTHAGETX ZIP+4 bullet

75633

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-)
ROBERT M UNDERWOOD	TRUSTEE 8.00	52,000
PO BOX 1138 CARTHAGE,TX75633	TRUSTEE 8.00	52,000
RICHARD BALLENGER	TRUSTEE 6.00	52,000
1276 STATE HWY 149 CARTHAGE,TX75633	TRUSTEE 6.00	52,000
JOHN W CONWAY	TRUSTEE 0.50	12,000
508 WESTPARKN LANE CARTHAGE,TX75633	TRUSTEE 0.50	12,000
JIMMY D PAYNE	TRUSTEE 2.50	52,000
CR 304 CARTHAGE,TX75633	TRUSTEE 2.50	52,000
DAVID BUSH	TRUSTEE 6.00	52,000
665 CR 403 CARTHAGE,TX75633	TRUSTEE 6.00	52,000
VERMOYN D REEDER	TRUSTEE 2.50	52,000
110 CR 1081 CARTHAGE,TX75633	TRUSTEE 2.50	52,000

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

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)

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

12,580,473

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

345,888

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

1,827,110

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

14,753,471

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

14,753,471

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

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

675,000

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

14,078,471

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

703,924

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

703,924

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

12,740

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

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

12,740

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

691,184

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

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

691,184

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

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

691,184

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 ..........

617,720

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

617,720

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

617,720

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)

	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7		691,184
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......	581,957
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: $ 617,720
a Applied to 2019, but not more than line 2a	581,957
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.....		35,763
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 ..........		655,421
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)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BECKVILLE ISD FOUNDATION BECKVILLE ISD FOUNDATION 1 BEARCAT DR 1 BEARCAT DR BECKVILLE,TX75631	NONE	PC	DONATION	40,000
CARTHAGE ISD ATHLETIC DEPT CARTHAGE ISD ATHLETIC DEPT 1 BULLDOG DR 1 BULLDOG DR CARTHAGE,TX75633	NONE	PC	DONATION	8,500
CARTHAGE ISD FOUNDATION CARTHAGE ISD FOUNDATION 1 BULLDOG DR 1 BULLDOG DR CARTHAGE,TX75633	NONE	PC	SCHOLARSHIPS	100,000
FIRST UNITED METHODIST CHURCH FIRST UNITED METHODIST CHURCH 201 S SHELBY 201 S SHELBY CARTHAGE,TX75633	NONE	RELIGIOUS	DONATION - BUILDING FUND	10,000
GARY INDEPENDENT SCHOOL DISTRICT GARY INDEPENDENT SCHOOL DISTRICT 132 BOBCAT TRAIL 132 BOBCAT TRAIL GARY,TX75643	NONE	PC	SCHOLARSHIPS	24,000
PANOLA CNTY HIST & GENELOGICAL SCTY PANOLA CNTY HIST & GENELOCIAL SOCIETY 100 EAST SABINE 100 EAST SABINE CARTHAGE,TX75633	NONE	PC	DONATION	10,000
PANOLA COLLEGE PANOLA COLLEGE 1109 W PANOLA 1109 W PANOLA CARTHAGE,TX75633	NONE	PC	PROXY SUBSCRIPTION	9,217
PANOLA COLLEGE PANOLA COLLEGE 1109 W PANOLA 1109 W PANOLA CARTHAGE,TX75633	NONE	PC	SCHOLARSHIPS	250,000
PANOLA COUNTY SHRINE CLUB PANOLA COUNTY SHRINE CLUB 10027 STATE HWY 31 E 10027 STATE HWY 31 E TYLER,TX75705	NONE	PC	DONATION	10,000
ST JUDE'S CHILDREN RESEARCH CENTER ST JUDE'S CHILDREN RESEARCH CENTER 501 ST JUDE PLACE 501 ST JUDE PLACE MEMPHIS,TN38105	NONE	PC	DONATION	35,000
STILL WATER COWBOY CHURCH STILL WATER COWBOY CHURCH PO BOX 166 PO BOX 166 CARTHAGE,TX75633	NONE	RELIGIOUS	DONATION	5,000
PANOLA CO CANCER COALITION PANOLA CO CANCER COALITION PO BOX 70 PO BOX 70 CARTHAGE,TX75633	NONE	PC	DONATION	15,000
UNIVERSITY OF NORTH TX UNIVERSITY OF NORTH TX 1155 UNION CIRCLE 1155 UNION CIRCLE DENTON,TX76203	NONE	PC	SCHOLARSHIP	10,050
UNIVERSITY OF ARKANSAS UNIVERSITY OF ARKANSAS 1 UNIVERSITY OF ARKANSAS 1 UNIVERSITY OF ARKANSAS FAYETTEVILLE,AR72701	NONE	PC	SCHOLARSHIP	5,000
FOOTPRINTS IN THE SAND FDN FOOTPRINTS IN THE SAND FDN 1320 DIXIE LAKE ROAD 1320 DIXIE LAKE ROAD CARTHAGE,TX75633	NONE	PC	DONATION	3,000
PANOLA CO VETERANS RELIEF FUND PANOLA CO VETERANS RELIEF FUND PANOLA CO COURTHOUSE PANOLA CO COURTHOUSE CARTHAGE,TX75633	NONE	PC	DONATION	3,500
Total ................................. 3a				538,267

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	454
4 Dividends and interest from securities....			14	214,706
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	4,677
6 Net rental income or (loss) from personal property
7 Other investment income.....			18	1
8 Gain or (loss) from sales of assets other than inventory ............		21	14	196,109	34,142
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aROYALTY INCOME			15	165,669
bENTPRISE PP LP K-1 ORD LOSS			1	-5,137
cENERGY TRNSFR LP K-1 ORD LO			1	-1,622
dENERGY TRNSFR LP K-1 RENTAL			1	5
eMPLX LP K-1 ORD INCOME			1	900
fJACKSON NATL LIFE INS 1099-			14	351,421
gNATIONWIDE LIFE INS CO 1099			14	312,090
hOAKTREE CAP K-1 OTHER LOSS			1	-491
iAVANTAX - OTHER INCOME			1	3,365
jOTHER INCOME - CHEVRON 1099			1	205
12 Subtotal. Add columns (b), (d), and (e)..		21		1,242,352	34,142

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

1,276,515

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	11,500	10,350		1,150

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2020 AmortizationSchedule

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Description of Amortized Expenses	Date Acquired, Completed, or Expended	Amount Amortized	Deduction for Prior Years	Amortization Method	Current Year Amortization	Net Investment Income	Adjusted Net Income	Total Amount of Amortization
REFORESTATION	2011-12-31	43,524	43,524	7.0000				43,524

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2020 DepreciationSchedule

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income
RANCH BUILDING	2010-04-28	42,530	9,950	S/L	39.0000	1,091	1,091
RANCH LAND -- 715.63 AC	2010-04-28	530,146
WATER WELL	2011-12-11	983	983	S/L	7.0000
SMITH RANCH HOUSE	2013-04-16	255,700	42,617	S/L	39.0000	6,556	6,556
FENCING & GATES	2013-04-16	102,121	94,827	S/L	7.0000	7,294	7,294
JW SMITH PONDS -- CONSV EXP	2013-01-01	150,000	10,761		20.0000	1,750
J W SMITH LAND -- 432.197 AC	2013-04-16	829,638
FENCING & GATES	2014-12-16	12,000	8,786	S/L	7.0000	1,714	1,714
BREVARD TRACT LAND	2014-12-16	108,613
PONDS - BREVARD LAND CONSERVATION	2014-12-16	5,000			20.0000
CAMP HOUSE	2015-06-09	4,000	1,200	S/L	15.0000	267	267
CORRAL	2015-06-09	3,500	2,250	S/L	7.0000	500	500
FENCING	2015-06-09	30,000	19,286	S/L	7.0000	4,285	4,285
JE METCALF LAND - 270.755 ACRS	2015-06-09	141,113
BARN W/SHED	2013-04-16	15,000	9,750	S/L	10.0000	1,500	1,500

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2020 GainLossSaleOtherAssetsSch

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
NFSC (AVANTAX) INVESTMENTS - S/T		PURCHASE	2020-09	8,796	8,722	74
HSBC BK USA CD	2013-11	PURCHASE	2020-11	50,000	54,601	-4,601
NFSC (AVANTAX) INVESTMENTS - L/T		PURCHASE	2020-09	370,977	332,308	38,669
SHORT-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY				3		3
LONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY				18		18

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BARCLAY BK NOTE 8-31-28	25,000	24,525
MORGAN STANLEY 6% STOXX NOTE	60,511	65,375

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	59,186	136,877
ABBVIE INC	101,298	173,597
ALTRIA GROUP	109,693	98,195
AMERICAN ELECTRIC POWER	36,637	72,915
APPLE INC	139,685	465,885
APPLIED MATERIALS	108,248	258,089
AT&T	70,079	61,107
BERKSHIRE HATHAWAY	83,372	150,716
BP PLC	63,575	35,193
BRISTOL-MYERS	60,496	108,552
CATERPILLAR	64,835	127,414
CHEVRON CORP	120,386	105,562
COCA COLA ENTERPRISES	34,052	54,840
CONOCOPHILLIPS	56,379	39,990
CVS CORP	25,081	20,490
DOW INC	30,490	35,142
ENERGY TRANSFER LP (MERGER)	5,651	7,776
ENTERPRISE PROD PTRS LP	30,102	57,007
EXXONMOBIL	106,686	57,722
FORD MOTOR CO
FORTUNE BRANDS HOME & SEC INC	20,285	45,003
INTEL	68,786	104,411
JP MORGAN CHASE	65,825	158,217
KINDER MORGAN INC	15,718	11,401
MARATHON PETROLEUM CORP	31,321	21,941
MEDTRONIC INC	16,683	35,142
MICROSOFT	38,821	158,403
MONDELEZ INTL (KRAFT SPINOFF)	33,844	61,406
MPLX LP COM PTR	6,452	23,598
OCCIDENTAL PETROLEUM WARRANTS	346	436
OCCIDENTAL PETROLEUM CORP	22,232	8,877
ORACLE	93,429	181,124
PAYCHEX	22,281	46,590
PEPSICO	37,175	70,385
PIEDMONT OFFICE REALTY	47,164	48,690
PROCTOR & GAMBLE	67,199	139,140
ROYAL DUTCH SHELL PLC	79,748	43,737
SCHLUMBERGERLTD	26,769	8,542
SOUTHERN CO	46,714	76,788
SPDR DOW JONES	10,305	27,521
SPDR UTILITIES SELECT	39,296	62,700
TOTAL SA	30,476	24,685
UNITEDHEALTH GROUP	52,539	215,534
US AEROSPACE & DEFENSE	73,474	70,818
VERIZON	43,636	47,000
WALMART	83,540	144,150
WELLS FARGO	60,082	41,192
ZIMMER HOLDINGS	56,936	98,947
METLIFE 5.625% - PREFERRED	201,583	221,213
OAKTREE CAP 6.625% - PREFERRED	115,437	117,482
PUBLIC STORAGE 5.05% - PREFERRED	104,595	114,487

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
HSBC BANK 11-25-20 GH6	AT COST
JACKSON NATL -- PERSPECTIVE II	AT COST	1,999,783	1,937,084
NATIONWIDE -- DESTINATION	AT COST	1,643,214	1,699,915
INVESCO SELECT REAL ESTATE/A	AT COST	105,904	100,623
AM FUNDS AMCAP/A	AT COST	92,772	125,554
AM FUNDS - BALANCED/A	AT COST	60,738	73,714
AM FUNDS - AMERICAN MUTUAL/A	AT COST	66,356	79,251
AM FUNDS - WASH MUTUAL INVESTORS/A	AT COST	97,495	115,723
AM FUNDS - CAPITAL INCOME BLDR/A	AT COST	43,179	50,933
AM FUNDS - GROWTH FD OF AMER/A	AT COST	171,023	273,971
AM FUNDS - INCOME FD/A	AT COST	60,772	65,336
AM FUNDS - INV CO AM/A	AT COST	64,438	74,359
AM FUNDS - NEW WORLD FUND/A	AT COST	28,226	43,819
AM FUNDS - NEW PERSPECTIVE FD/A	AT COST	122,165	202,095
AM FUNDS - NEW ECONOMY/A	AT COST	93,810	141,857
AM FUNDS - SMALL CAP WORLD/A	AT COST	61,175	96,796
AM FUNDS - CAPITAL WLD G&I FD/A	AT COST	70,068	99,673
AM FUNDS - EUROPACIFIC GR FD/A	AT COST	39,007	53,307
COLUMBIA TAX EXEMPT/A	AT COST
DWS CORE EQUITY/A	AT COST	108,512	129,771
DWS HEALTH & WELLNESS/A	AT COST	39,018	35,806
DWS RREEF GLOBAL INFR FD/A	AT COST	176,178	234,147
DWS REAL ESTATE SEC/A	AT COST	36,601	33,097
DWS STRATEGIC HY TAX FREE FD/A	AT COST	63,948	61,449
DWS TECHNOLOGY/A	AT COST	100,994	134,631
FRANKLIN DYNATECH/A	AT COST	102,068	175,887
FRANKLIN CUST GROWTH/A	AT COST	63,238	88,051
FRANKLIN CUST UTIL/A	AT COST	148,913	153,554
FRANKLIN FED TAX-FREE INC/A (FKTIX)	AT COST	683,307	608,733
FRANKLIN FED TAX-FREE INC/ C (FRFTX)	AT COST
FRANKLIN FED T/F INC CL A (FFQAX)	AT COST
FRANKLIN MGD TR RISING/A	AT COST	31,269	46,198
HARTFORD CAPITAL APP FD/A	AT COST	73,690	89,399
INVESCO DIVIDEND INC FD/A	AT COST	39,682	37,808
INVESCO DIVIDEND INC FD/C	AT COST	27,829	24,595
MFS EMERGING MARKET FD/A	AT COST	80,150	78,785
MFS MODERATE ALLOC/A	AT COST	13,773	17,257
MFS DIVERSIFIED INC/A	AT COST
MFS GROWTH/A	AT COST	63,683	106,310
MFS CONSV ALLOC/A	AT COST	14,582	17,718
OPPENHEIMER EQ INC/C	AT COST
OPPENHEIMER INTL SMALL CO/C	AT COST	18,627	23,546
OPPENHEIMER AMT FREE MUNI/A	AT COST	83,340	87,907
OPPNHMR EQ INC/A	AT COST
OPPNHMR GLBL OPPOR A	AT COST	167,950	202,280
OPPNHMR INTL SM CO/A	AT COST	217,422	301,329
ALLIANZ CONVERTIBLE/A	AT COST	44,628	62,071
ALLIANZ RCM GLBL WATER/A	AT COST	57,492	85,219
ALLIANZ RCM GLBL SMCAP/A	AT COST
ALLIANZ GL FOCUS GRW/A	AT COST	36,640	55,082
PUTNAM SUSTAINABLE LEADERS	AT COST	308,921	430,568
PUTNAM EQ INC/A	AT COST	115,668	141,398
PUTNAM GROWTH OPPORT/A	AT COST	157,185	225,365
COLUMBIA-SELIGMAN GLOBAL TECH A	AT COST	301,565	421,489
ADT 327 INSURED TE MUNI SER 2	AT COST	88,205	49,326
ADT 1852 AERO/DEF 2018-1	AT COST
ADT 1902 AERO/DEF 2018-4	AT COST
ADT 1946 UBIQ UIT 7-8-21	AT COST	100,940	151,161
ADT 1990 AERO/SPA 2020-1	AT COST	50,182	46,013
ADT 2037 UBIQUIT 2020-4	AT COST	100,012	103,787

- TIN:

TY 2020 LandEtcSchedule2

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
RANCH BUILDING	42,530	11,041	31,489	31,489
WATER WELL	983	983
REFORESTATION	43,524	43,524
REFORESTATION - METCALF TRACT	25,648	16,488	9,160	9,160
SMITH RANCH HOUSE	255,700	49,173	206,527	206,527
FENCING & GATES	102,121	102,121
BARN WITH SHED	15,000	11,250	3,750	3,750
FENCING & GATES -- BREVARD TRACT	12,000	10,500	1,500	1,500
CAMP HOUSE -- METCALF TRACT	4,000	1,467	2,533	2,533
CORRAL -- METCALF TRACT	3,500	2,750	750	750
FENCING -- METCALF TRACT	30,000	23,572	6,428	6,428
RANCH LAND - 715.63 ACRES	530,146		530,146	530,146
J W SMITH LAND - 432.197 ACRES	829,638		829,638	829,638
BREVARD TRACT LAND - 21 ACRES	108,613		108,613	108,613
J E METCALF LAND - 270.755 ACRES	141,113		141,113	141,113

- TIN:

TY 2020 LegalFeesSchedule

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ATTORNEY FEES	12,000	3,000		9,000

- TIN:

TY 2020 OtherAssetsSchedule

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
PONDS - JW SMITH ESTATE	150,000	150,000	150,000
PONDS - BREVARD TRACT	5,000	5,000	5,000
POND DAM - MAJOR REPAIRS	19,500	19,500	19,500
LESS CONSV EXP	-10,760	-12,511	-12,511

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Description	Amount
2019 INCOME TAX	6,855

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PASTURE RENTAL
RANCH LABOR	1,925	1,925	1,925
FARM SUPPLIES	398	398	398
EXPENSES
ENTERPRISE PP LP K-1 NON DEDU	10	10
ENTERPRISE PP LP K-1 SEC 1231	169	169
ENERGY TRSFR LP K-1 NON DEDU	3	3
ENERGY TRSFR LP K-1 SEC 1231	1	1
ENERGY TRSFR LP K-1 OTHER DED	49	49
MPLX LP K-1 SEC 1231 G/L	11	11
MPLX LP K-1 NON DEDUCTBLE EXP	1	1
REPAIRS & MAINTENANCE - RANCH	577	577
ROYALTY OTHER DEDUCTIONS	11,623	11,623
ROYALTY SEVERANCE TAX	20,772	20,772
SAFE DEPOSIT BOX RENTAL	170	170
INVESTMENT FEES -- HD VEST	51	51
INSURANCE	4,415	4,415
SUPPLIES	977			977
OFFICE SUPPLIES	164			164
PUBLIC RELATIONS	162			162

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
CASH IN LIEU -OCC IDENTAL WTS	1	1	1
ROYALTY INCOME	165,669	165,669	165,669
ENTPRISE PP LP K-1 ORD LOSS	-5,137	-5,137	-5,137
ENERGY TRNSFR LP K-1 ORD LOSS	-1,622	-1,622	-1,622
ENERGY TRNSFR LP K-1 RENTAL	5	5	5
MPLX LP K-1 ORD INCOME	900	900	900
JACKSON NATL LIFE INS 1099-R	351,421	351,421	351,421
NATIONWIDE LIFE INS CO 1099-M	312,090	312,090	312,090
OAKTREE CAP K-1 OTHER LOSS	-491	-491	-491
AVANTAX - OTHER INCOME	3,365	3,365	3,365
OTHER INCOME - CHEVRON 1099	205	205	205

- TIN:

TY 2020 TaxesSchedule

Name:

THE CHARLES C MATTHEWS FOUNDATION

EIN:

75-2741045

Category	Amount	Net Investment Income
PROPERTY TAXES - PROPERTY	7,639	7,639
PROPERTY TAXES - ROYALTY	5,554	5,554
FOREIGN TAX - HD VEST	909	909