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 LONG FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)40 N IH 35 SUITE 7C2
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
AUSTIN, TX78701

A Employer identification number

74-2916682

B Telephone number (see instructions)

(512) 479-4080

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

$9,539,495J 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...	168,686		168,686
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		105,878
b	Gross sales price for all assets on line 6a 4,269,190
7	Capital gain net income (from Part IV, line 2)...			105,878
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).......		4,323	4,323
12	Total. Add lines 1 through 11........	278,887		278,887
13	Compensation of officers, directors, trustees, etc.	84,432		12,665	71,767
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	10,445		1,567	8,878
16a	Legal fees (attach schedule).........		1,759	0	1,759
b	Accounting fees (attach schedule).......		5,500	0	5,500
c	Other professional fees (attach schedule)....		49,855	48,176	1,679
17	Interest...............	129		129	0
18	Taxes (attach schedule) (see instructions)...		21,668	3,156	7,991
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	11,594		1,739	9,855
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		3,524	695	2,829
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	188,906		68,127	110,258
25	Contributions, gifts, grants paid.......	260,000			260,000
26	Total expenses and disbursements. Add lines 24 and 25	448,906		68,127	370,258
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-170,019
b	Net investment income (if negative, enter -0-)			210,760
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	Savings and temporary cash investments.........	349,207	1,102,661	1,102,661
	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..........
	10a	Investments—U.S. and state government obligations (attach schedule)	35,735	23,207	24,023
	b	Investments—corporate stock (attach schedule).......	5,418,107	4,909,287	7,062,873
	c	Investments—corporate bonds (attach schedule).......	1,308,373	906,248	927,718
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 158,460
		Less: accumulated depreciation (attach schedule)	158,460	158,460	422,220
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,269,882	7,099,863	9,539,495
	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	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........	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	7,269,882	7,099,863
	29	Total net assets or fund balances (see instructions).....	7,269,882	7,099,863
	30	Total liabilities and net assets/fund balances (see instructions).	7,269,882	7,099,863

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

7,269,882

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

-170,019

Other increases not included in line 2 (itemize) bullet

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

7,099,863

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 .

7,099,863

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
1 a	PUBLICLY-TRADED SECURITIES
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,268,766	4,163,312	105,454
b	424		424
c
d
e

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			105,454
b			424
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	105,878
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	2,930
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	2,930
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	2,930
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	6,400
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	6,400
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	3,470
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax3,470	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

THE LONG FOUNDATION Telephone no. bullet

(512) 479-4080

Located at bullet

40 N IH-35 7C2AUSTINTX ZIP+4 bullet

78701

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
JOE R LONG	PRESIDENT, DIRECTOR 5.00	0	0
40 N IH-35 7C2 AUSTIN,TX78701	PRESIDENT, DIRECTOR 5.00	0	0
TERESA L LONG	VICE-PRESIDENT, DIRECTOR 1.00	0	0
40 N IH-35 7C2 AUSTIN,TX78701	VICE-PRESIDENT, DIRECTOR 1.00	0	0
KALLY A LONG	DIRECTOR 1.00	0	0
40 N IH-35 7C2 AUSTIN,TX78701	DIRECTOR 1.00	0	0
RUBY LONG	DIRECTOR 1.00	0	0
40 N IH-35 7C2 AUSTIN,TX78701	DIRECTOR 1.00	0	0
MITCHELL A LONG	SEC./TREAS. EXEC DIRECTOR 40.00	84,432	3,958
40 N IH-35 7C2 AUSTIN,TX78701	SEC./TREAS. EXEC DIRECTOR 40.00	84,432	3,958

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

6,594,672

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

1,861,837

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

63,333

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

8,519,842

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

8,519,842

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

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

127,798

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

8,392,044

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

419,602

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

419,602

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

2,930

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

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

2,930

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

416,672

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

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

416,672

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

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

416,672

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 ..........

370,258

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

370,258

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

370,258

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				416,672
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			365,148
b Total for prior years:20, 20, 20		0
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........	0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 370,258
a Applied to 2019, but not more than line 2a			365,148
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.....				5,110
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2020.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........				411,562
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2016....
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).)

JOE R LONG

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:

MITCHELL LONG EXECUTIVE DIRECTOR CO
40 N IH-35 7C2
AUSTIN,TX78701
(512) 479-4080

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

SEE ORGANIZATION'S WEBSITE: WWW.LONGFOUNDATION.ORG

cAny submission deadlines:

SEE ORGANIZATION'S WEBSITE: WWW.LONGFOUNDATION.ORG

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

SEE ORGANIZATION'S WEBSITE: WWW.LONGFOUNDATION.ORG

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
AUSTIN CLASSICAL GUITAR PO BOX 4072 AUSTIN,TX787654072	N/A	PC	AUSTIN AREA SCHOOL-BASED GUITAR PROGRAM	15,000
AUSTIN PARTNERS IN EDUCATION PO BOX 6118 AUSTIN,TX78762	N/A	PC	GRANT SUPPORTING MATH CLASSROOM COACHING PROGRAM	5,000
AVANCE-AUSTIN PO BOX 19105 AUSTIN,TX787609105	N/A	PC	PARENT-CHILD PROGRAM	20,000
BOOKSPRING 2006 GREENBROOK PARKWAY AUSTIN,TX78723	N/A	PC	GENERAL SUPPORT GRANT	5,000
BREAKTHROUGH AUSTIN 1050 EAST 11TH STREET SUITE 350 AUSTIN,TX78702	N/A	PC	SUMMER PROGRAMS	10,000
CAPITAL IDEA PO BOX 1784 AUSTIN,TX78767	N/A	PC	SUPPORT OF 2-YEAR DEGREE PROGRAM	10,000
CASA OF TRAVIS COUNTY INC 7600 CHEVY CHASE DRIVE STE 200 AUSTIN,TX78752	N/A	PC	SPANISH-SPEAKING VOLUNTEER ADVOCATES	15,000
CENTER FOR CHILD PROTECTION 8509 FM 969 BUILDING 2 AUSTIN,TX78724	N/A	PC	FAMILY ADVOCATE PROGRAM	10,000
CODE2COLLEGE 19112 LEIGH LANE PFLUGERVILLE,TX78660	N/A	PC	HIGH SCHOOL EDUCATIONAL AND INTERNSHIP PROGRAMS	10,000
COLLEGE FORWARD PO BOX 142308 AUSTIN,TX78714	N/A	PC	GRANT SUPPORTING AUSTIN AREA PROGRAM	10,000
CON MI MADRE 4175 FREIDRICH LANE SUITE 200 AUSTIN,TX787441017	N/A	PC	GENERAL SUPPORT	13,000
E3 ALLIANCE 5930 MIDDLE FISKVILLE ROAD SUITE 507 AUSTIN,TX78752	N/A	PC	EMERGENCY BRIDGE FUNDING PROGRAM	10,000
FOUNDATION COMMUNITIES 3036 SOUTH 1ST STREET AUSTIN,TX78704	N/A	PC	COLLEGE HUB PROGRAM	10,000
GIRL EMPOWERMENT NETWORK (GEN) PO BOX 3122 AUSTIN,TX78764	N/A	PC	GIRL CONNECT PROGRAM AT SELECTED AREA SCHOOLS	10,000
PELOTONU 500 E ST JOHNS AVE SUITE 1460 AUSTIN,TX78752	N/A	PC	GRANT SUPPORTING ON-LINE COLLEGE DEGREE PROGRAM	15,000
SAFE ALLIANCE PO BOX 19454 AUSTIN,TX78760	N/A	PC	SUMMER EDUCATION PROGRAM	12,000
SUSTAINABLE FOOD CENTER 2921 E 17TH STREET BLDG C AUSTIN,TX78702	N/A	PC	SUPPORT OF BILINGUAL SPANISH LANGUAGE PROGRAM	5,000
TODOS JUNTOS LEARNING CENTER PO BOX 41213 AUSTIN,TX78704	N/A	PC	EARLY CHILDHOOD EDUCATION PROGRAM	10,000
UNIVERSITY OF TEXAS FOUNDATION FBO LITERACY FIRST PO BOX 250 AUSTIN,TX787670250	N/A	PC	SUPPORTING READING PROGRAM	15,000
UNIVERSITY OF TEXAS FOUNDATION FBO UTEACH PO BOX 250 AUSTIN,TX787670250	N/A	PC	UTEACH INTERNSHIP PROGRAM	10,000
UNIVERSITY OF TEXAS HEALTH CENTER SAN ANTONIO 7703 FLOYD CURL DRIVE MAIL CODE 7835 SAN ANTONIO,TX782293016	N/A	PC	GRANT IN SUPPORT OF THE BUILDING AND FURNISHING OF ITS NEW MULTI-SPECIALTY RESEARCH HOSPITAL	20,000
UNIVERSITY OF TEXAS-RIO GRANDE VALLEY 1201 W UNIVERSITY DRIVE ITT 1210 EDINBURG,TX78539	N/A	GOV	MEDICAL SCHOOL SCHOLARSHIPS	20,000
Total ................................. 3a				260,000

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....			14	168,686
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	105,878
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aCLASS ACTION SETTLEMENT			01	4,323
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		278,887	0

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

278,887

(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 LONG FOUNDATION

EIN:

74-2916682

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX RETURN PREPARATION	5,500	0		5,500

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Name of Bond	End of Year Book Value	End of Year Fair Market Value
SBA 5219 83 ABS 2013	60,983	57,189
JP MORGAN CHASE & CO SER MTN	148,950	150,765
CULLEN/FROST BANKERS INC	150,000	155,100
FHLMC CMO 2013 4153 YD 02.000%	147,815	161,792
HSBC USA INC. SER MTN	198,600	200,346
WACHOVIA CAP TRUST III VAR% PERPETUAL	199,900	202,526

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Name of Stock	End of Year Book Value	End of Year Fair Market Value
PIONEER NATURAL RES CO	1,958	2,733
CONOCOPHILLIPS	4,589	4,559
TRAVELERS COS INC	6,315	6,597
BOSTON SCIENTIFIC CORP	5,883	6,831
NXP SEMICONDUCTORS N.V.	5,817	6,837
DANAHER CORP DEL COM	4,679	7,331
MCKESSON CORPORATION COM	6,505	7,479
US BANCORP	10,147	7,967
KIMBERLY CLARK	8,834	8,764
PNC FINCL SERVICES GROUP	9,236	9,089
NASDAQ OMX GRP INC	7,329	9,292
FISERV INC WISC PV 1CT	9,576	9,564
STANLEY BLACK & DECKER INC	8,639	9,999
GOLDMAN SACHS GROUP INC	8,250	10,021
THERMO FISHER SCIENTIFIC	9,116	11,179
NORTHROP GRUMMAN CORP	13,081	11,580
PPG INDUSTRIES INC SHS	10,700	12,259
ILLINOIS TOOL WORKS INC	10,523	12,437
EATON CORP PLC	9,334	12,495
DUKE ENERGY CORP	12,617	13,276
DUKE REALTY CORP	12,942	13,389
CME GROUP INC	13,929	14,199
AUTOMATIC DATA PROC	4,583	14,448
AON PLC	13,948	14,789
SOUTHERN COMPANY	16,197	16,340
CITIGROUP INC COM NEW	20,042	16,710
PACKAGING CORP AMERICA	14,903	16,826
PHILLIPS 66 SHS	25,503	16,996
CIGNA COPR REG SHS	16,589	17,279
YUM CHINA HOLDINGS INC	6,923	18,611
NOVO NORDISK A S ADR	10,134	18,650
FRANKLIN RES INC	26,240	20,416
INTL FLAVORS&FRAGRNC	26,085	21,006
WEC ENERGY GROUP INC SHS	16,851	22,455
MONDELEZ INTERNATIONAL INC	17,159	22,511
CYRUSONE INC	19,859	22,897
SCHLUMBERGER TLD	49,924	22,989
SCHWAB CHARLES CORP NEW	20,953	23,178
AT&T INC	27,249	23,182
ANTHEM INC	23,035	25,687
YUM BRANDS INC	12,393	26,489
INTUITIVE SURGICAL INC	16,971	26,998
MOTOROLA SOLUTIONS INC	23,112	27,379
MCDONALDS CORP COM	23,401	27,681
COCA COLA	23,794	28,891
ABBVIE INC SHS	23,142	29,145
WORKDAY INC CL A	16,526	29,470
SEI INVT CO PA PV $0.01	14,934	29,597
MARSH & MCLENNAN COS INC	23,173	30,420
LINDE PLC REG SHS	20,494	30,568
FACTSET RESH SYS INC	9,190	30,590
AMER EXPRESS COMPANY	29,653	30,833
PEPSICO INC	26,863	32,627
CERNER CORP	23,749	33,198
NEXTERA ENERGY INC SHS	18,783	33,329
CINN FINCL CRP OHIO	15,569	33,812
LOCKHEED MARTIN CORP	33,669	34,434
CHUBB LTD	33,241	36,016
TRANE TECHNOLOGIES PLC	20,898	36,871
ALTRIA GROUP INC	53,114	40,345
MEDTRONIC PLC SHS	35,127	40,764
UNITEDHEALTH GROUP INC	28,324	41,730
FIDELITY NATL INFO SVCS INC	32,207	41,731
UNION PACIFIC CORP	31,200	42,060
HONEYWELL INTL INC DEL	33,599	43,392
ILLUMINA INC	34,857	44,400
PAYCHEX INC	16,299	46,683
EXPEDITORS INTL WASH INC	19,211	47,841
FASTENAL COMPANY	27,746	47,853
PFIZER INC	30,985	48,369
JPMORGAN CHASE & CO	47,832	50,446
VERIZON COMMUNICATNS	35,540	51,407
REGENERON PHARMACTCLS	37,616	52,658
COLGATE PALMOLIVE	42,699	52,847
ACCENTURE PLC SHS	35,132	53,288
STARBUCKS CORP	32,641	53,811
INTEL CORP	27,635	54,055
DOMINION ENERGY INC	50,609	54,314
AIR PRODUCTS&CHEM	50,648	54,644
NINTENDO LTD ADR	48,445	55,236
CHEVRON CORP	63,601	56,335
CROWN CASTLE REIT INC	36,659	56,991
YAMANA GOLD INC	45,287	57,100
QUALCOMM INC	22,551	57,888
TARGET CORP	18,665	58,737
NESTLE S A REP RG	46,062	59,490
ROCHE HLDG LTD SPN ADR	52,013	60,455
PHILIP MORRIS INTL INC	66,565	61,016
DIAGEO PLC SPSD ADR NEW	47,336	63,682
UNITED PARCEL SVC CL B	47,628	66,994
NOVARTIS ADR	58,100	68,462
NORFOLK SOUTHERN CORP	23,045	69,382
MONSTER BEVERAGE SHS	14,594	73,797
DISNEY (WALT) CO COM STK	51,522	75,008
DEERE CO	28,472	78,292
SALESFORCE COM INC	53,109	78,328
ORACLE CORP $0.01	44,561	79,892
BLACKROCK INC	33,169	84,927
BERKSHIRE HATHWAY INC	57,191	87,182
BOEING COMPANY	67,659	88,193
MERCK AND CO INC	72,404	94,643
NVIDIA	27,126	96,084
ALIBABA GROUP HOLDING LT	31,391	97,283
COMCAST CORP NEW CL A	91,602	106,162
AUTODESK INC	14,462	110,228
FACEBOOK INC CLASS A COMMON STOCK	10,105	116,913
CISCO SYSTEMS INC	72,342	118,722
VISA INC CL A SHRS	21,758	119,645
LOWE'S COMPANIES INC	49,030	121,024
ALPHABET INC SHS CL A	28,821	122,658
FREEPORT-MCMORAN INC	133,200	130,100
TEXAS INSTRUMENTS	85,886	131,141
JOHNSON AND JOHNSON	117,387	137,449
AMAZON COM INC	12,301	146,563
APPLE INC	51,762	157,105
NEWMONT GOLDCORP CORP	111,473	197,637
MICROSOFT CORP	48,359	211,322
BARRICK GOLD CORPORATION	338,319	227,800
PARTNERS GROUP PRIVATE EQUITY MASTER FUND LLC CLASS I	250,000	264,189
BLACKSTONE REAL ESTATE INCOME TRUST INC	253,722	269,938
FIDELITY MSCI UTILITIES	502,851	535,047

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

THE LONG FOUNDATION

EIN:

74-2916682

US Government Securities - End of Year Book Value:

23,207

US Government Securities - End of Year Fair Market Value:

24,023

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2020 LandEtcSchedule2

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
CONDOMINIUM	158,460	0	158,460	422,220

- TIN:

TY 2020 LegalFeesSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GENERAL GOVERNANCE & COUNSEL	1,759	0		1,759

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
BANK FEES	250	250	0
INSURANCE	1,977	297	1,680
ADMINISTRATIVE EXPENSE	1,037	148	889
SUPPLIES	260	0	260

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
CLASS ACTION SETTLEMENT	4,323	4,323	4,323

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	47,880	47,880		0
PAYROLL SERVICES	1,975	296		1,679

- TIN:

TY 2020 TaxesSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
REAL ESTATE TAXES	9,401	1,410	7,991
FOREIGN TAXES	1,746	1,746	0
EXCISE TAX	10,521	0	0