Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
H & B YOUNG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 889
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MORGAN CITY, LA70381
A Employer identification number

72-6029365
B Telephone number (see instructions)

(985) 385-0812
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$39,251,905J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 41,450 41,450  
4 Dividends and interest from securities... 541,274 541,274  
5a Gross rents............ 1,580,518 1,580,518  
b Net rental income or (loss) 1,554,718
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,054,710
b Gross sales price for all assets on line 6a 7,679,657
7 Capital gain net income (from Part IV, line 2)... 1,054,710
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -27,150 13,836  
12 Total. Add lines 1 through 11........ 3,190,802 3,231,788  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 202,098 151,576   50,522
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 17,250 12,938   4,312
16a Legal fees (attach schedule)......... Click to see attachment 11,789 11,789    
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 16,154 16,154    
17 Interest............... 29,462 29,462    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 61,338 18,300   2,376
19 Depreciation (attach schedule) and depletion... Click to see attachment 8,819 6,618  
20 Occupancy.............. 10,275 7,706   2,569
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 319,389 308,447   9,599
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 676,574 562,990   69,378
25 Contributions, gifts, grants paid....... 1,698,077 1,698,077
26 Total expenses and disbursements. Add lines 24 and 25 2,374,651 562,990   1,767,455
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 816,151
b Net investment income (if negative, enter -0-) 2,668,798
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 46 50 50
2 Savings and temporary cash investments......... 335,989 695,375 695,375
3 Accounts receivable bullet17,485
Less: allowance for doubtful accounts bullet   28,084 17,485 17,485
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet3,870
Less: allowance for doubtful accounts bullet   4,794 Click to see attachment3,870 3,870
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 46,605 37,781 37,781
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 22,347,808 Click to see attachment24,898,146 24,898,146
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet3,125,012
Less: accumulated depreciation (attach schedule) bullet799,294 2,351,518 Click to see attachment2,325,718 13,407,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet274,081
Less: accumulated depreciation (attach schedule) bullet79,320 197,306 Click to see attachment194,761 191,822
15 Other assets (describe bullet) Click to see attachment540 Click to see attachment376 Click to see attachment376
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,312,690 28,173,562 39,251,905
Liabilities 17 Accounts payable and accrued expenses.......... 26,545 24,674
18 Grants payable.................    
19 Deferred revenue................. 120,584 98,958
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 147,129 123,632
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 25,165,561 28,049,930
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 25,165,561 28,049,930
30 Total liabilities and net assets/fund balances (see instructions). 25,312,690 28,173,562
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
25,165,561
2
Enter amount from Part I, line 27a .....................
2
816,151
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,068,218
4
Add lines 1, 2, and 3 ..........................
4
28,049,930
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
28,049,930
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c GRYPHON INTERNATIONAL GROWTH FUND P    
d RSCM FUND IV P    
e BRIDGE INVESTMENT GROUP P    
STONEPEAK ASPEN REIT AGGREGATOR P    
(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 5,519,339   5,255,904 263,435
b 1,687,978   1,368,046 319,932
c 54,950     54,950
d     997 -997
e 11,725     11,725
292     292
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       263,435
b       319,932
c       54,950
d       -997
e       11,725
      292
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,054,710
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 37,096
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 37,096
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 37,096
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 72,959
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 72,959
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 35,863
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet35,863 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletLA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBRENDA AYO Telephone no.bullet (985) 385-0812

    Located atbullet818 SECOND STREETMORGAN CITYLA ZIP+4bullet70380
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BRENDA B AYO PRESIDENT
    40.00     		77,450 12,500 0
    1708 EAST GARNER DRIVE
    MORGAN CITY,LA70380
    EMILE A WAGNER III TREASURER
    4.25     		26,898 0 0
    2036 PALMER AVENUE
    NEW ORLEANS,LA70118
    GWEN E ROSS SECRETARY
    40.00     		45,250 4,750 0
    1708 EAST GARNER DRIVE
    MORGAN CITY,LA70380
    MELISSA PARSIOLA VICE PRESIDE
    4.25     		26,250 0 0
    208 BRIGHTON LANE
    BERWICK,LA70342
    TIM BETBEZE DIRECTOR
    4.25     		26,250 0 0
    909 POYDRAS STREET
    SUITE 2300
    NEW ORLEANS,LA70112
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    22,577,348
    b
    Average of monthly cash balances.......................
    1b
    1,003,051
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,632,557
    d
    Total (add lines 1a, b, and c).........................
    1d
    37,212,956
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    37,212,956
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    558,194
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    36,654,762
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,832,738
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,832,738
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    37,096
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    37,096
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,795,642
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,000
    5
    Add lines 3 and 4............................
    5
    1,797,642
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,797,642
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,767,455
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,767,455
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,767,455
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,797,642
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,634,354
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,767,455
    a Applied to 2019, but not more than line 2a 1,634,354
    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..... 133,101
    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 ..........     		1,664,541
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BRENDA B AYO
    PO BOX 889
    MORGAN CITY,LA70381
    (985) 385-0812
    bThe form in which applications should be submitted and information and materials they should include:
    A WRITTEN STATEMENT PROVIDING THE REQUESTING ORGANIZATION'S NAME, ADDRESS, TELEPHONE NUMBER, CONTACT PERSON(S), AND THE AMOUNT REQUESTED. INCLUDE THE PURPOSE AND DETAILED PLAN FOR THE REQUESTED FUNDS. PROVIDE DETAILS OF OTHER SOURCES OF FUNDING PLANNED FOR THE PROJECT ALONG WITH TOTAL COST. INCLUDE AVAILABLE SUPPORT FOR DETERMINATION OF FUNDS NEEDED AND ANY OTHER SUPPORTING DOCUMENTATION AVAILABLE.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS ARE CONFINED TO THOSE INSTITUTIONS, PERSONS, AND PURPOSES LOCATED IN, OPERATING IN, OR BENEFITING THE PEOPLE OF THE CITY OF MORGAN CITY, LOUISIANA.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALYSIA LONG
    1372 JOSEPH ST
    MORGAN CITY,LA70380     		NONE I SCHOLARSHIP 500
    ATKINSON MEMORIAL PRESBYTERIAN CHUR
    212 4TH STREET
    MORGAN CITY,LA70380     		  PC GROUNDS UPKEEP AND TREE REMOVAL 20,000
    BEARS
    708 FRONT STREET
    MORGAN CITY,LA70380     		  PC ECHO LINK 800
    BRYCE LANDRY
    1016 FIRST STREET
    MORGAN CITY,LA70380     		NONE I SCHOLARSHIP 7,000
    CENTRAL CATHOLIC ELEMENTARY SCHOOL
    2100 CEDAR STREET UNIT 2
    MORGAN CITY,LA70380     		  PC TUITION ASSIST, ACCELERATED READER 43,737
    CENTRAL CATHOLIC HIGH SCHOOL
    2100 CEDAR STREET UNIT 1
    MORGAN CITY,LA70380     		  PC SCHOLARSHIPS 26,958
    CITY COURT OF MORGAN CITY
    7261 HIGHWAY 182
    MORGAN CITY,LA70380     		  GOV REACH PROGRAM, FAMILY ASSIST 16,000
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV JOHNSON BASKETBALL PARK 15,000
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV PETTING ZOO OPERATIONS 10,000
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV LIBRARY OPERATIONS 30,000
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV AUDITORIUM SECT 1 & 2 ROOF REPAIR 144,593
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV CITY BEAUTIFICATION 5,000
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV FERAL CAT PROGRAM 3,500
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV WATER PUMP 22,000
    GLORY MINISTRIES
    1316 VICTOR II BLVD
    MORGAN CITY,LA70380     		  PC INDIVIDUAL AND FAMILY INTERVENTION 76,000
    HANISHA GABRIEL
    810 N EVERETT STREET
    MORGAN CITY,LA70380     		NONE I SCHOLARSHIP 1,000
    HOLY CROSS CATHOLIC CHURCH
    2100 CEDAR ST
    MORGAN CITY,LA70380     		    REPAIR FASCIA BOARDS ALONG ROOF 15,000
    IMMANUEL CHRISTIAN SCHOOL
    901 FIG STREET
    MORGAN CITY,LA70380     		  PC TUITION ASSISTANCE, FURNISHINGS 27,500
    ISABELLE LANDRY
    120 BRENTWOOD BLVD
    LAFYETTE,LA70503     		NONE I SCHOLARSHIP 3,000
    J S AUCOIN ELEMENTARY
    739 JULIA STREET
    MORGAN CITY,LA70380     		  GOV SMART BOARDS, SUPPLIES 29,200
    JULIA MAITLAND ELEMENTARY SCHOOL
    1907 FEDERAL AVENUE
    MORGAN CITY,LA70380     		  GOV CLASSROOM TECH, STUDENT NEEDS 37,000
    KENYA JOHNSON
    409 LAWRENCE STREET
    MORGAN CITY,LA70380     		NONE I SCHOLARSHIP 500
    LEE CHAPEL AME CHURCH
    609 FRERET STREET
    MORGAN CITY,LA70380     		  PC DOOR REPLACEMENT 2,850
    ME NORMAN ELEMENTARY SCHOOL
    900 SPRUCE STREET
    MORGAN CITY,LA70380     		  GOV SUPPLIES FOR TEACHERS, STUDENT NEEDS 17,676
    MORGAN CITY HIGH SCHOOL
    2400 TIGER DR
    MORGAN CITY,LA70380     		  GOV SCHOLARSHIPS 24,750
    MORGAN CITY HIGH SCHOOL
    2400 TIGER DR
    MORGAN CITY,LA70380     		  GOV STUDENT NEEDS 2,000
    MORGAN CITY JUNIOR HIGH SCHOOL
    911 MARGUERITE ST
    MORGAN CITY,LA70380     		  GOV ACCELERATED READER, STUDENT NEEDS 32,513
    MORGAN CITY LIONS CLUB
    PO BOX 172
    MORGAN CITY,LA70381     		  PC EYEGLASSES AND EXAMS FOR INDIGENT 6,000
    MORGAN CITY YOUTH CENTER
    900 YOUNGS RD
    MORGAN CITY,LA70380     		  GOV PROGRAM OPERATIONS, NEEDS 1,067
    NICHOLLS STATE UNIVERSITY
    906 E 1ST ST
    THIBODAUX,LA70301     		    SCHOLARSHIP 2,832
    SAMOLIA JOHNSON
    409 LAWRENCE STREET
    MORGAN CITY,LA70380     		NONE I SCHOLARSHIP 3,500
    SACRED HEART CATHOLIC CHURCH
    415 UNION ST
    MORGAN CITY,LA70380     		  PC WATERPROOF CHURCH, PIANO 45,409
    SLCC FOUNDATION
    1101 BERTRAND DRIVE
    LAFAYETTE,LA70506     		  PC SCHOLARSHIPS, COURSES 555,757
    ST MARY COUNCIL ON AGING INC
    600 MAIN ST
    ROOMS 111-114
    FRANKLIN,LA70538     		  PC MEALS ON WHEELS 126,700
    ST MARY OUTREACH
    608 1ST ST 102
    MORGAN CITY,LA70380     		  PC AID TO RESIDENTS, OPERATING EXPENSES 283,500
    TRI-CITY HELPING HEARTS FOUNDATION
    PO BOX 1508
    MORGAN CITY,LA70381     		  PC BURIAL NEEDS FOR M.C. RESIDENTS 12,000
    TRINITY EPISCOPAL CHURCH
    302 GREENWOOD ST
    MORGAN CITY,LA70380     		  PC FUNDS FOR THE INDIGENT 17,000
    WYANDOTTE ELEMENTARY SCHOOL
    2 GLENWOOD ST
    MORGAN CITY,LA70380     		  GOV EQUIPMENT, STUDENT NEEDS 25,745
    VARIOUS INDIGENT INDIVIDUALS
    INDIGENT INDIVIDUALS
    MORGAN CITY,LA70380     		NONE I HOUSING ASSISTANCE 1,570
    INDIGENT INDIVIDUALS
    INDIGENT INDIVIDUALS
    MORGAN CITY,LA70380     		NONE I SCHOOL SUPPLIES 83
    VARIOUS INDIGENT INDIVIDUALS
    INDIGENT INDIVIDUALS
    MORGAN CITY,LA70380     		NONE I GROCERIES 838
    INDIGENT INDIVIDUALS
    INDIGENT INDIVIDUALS
    MORGAN CITY,LA70380     		NONE I HOUSEHOLD FINANCIAL ASSISTANCE 1,625
    INDIGENT INDIVIDUALS
    INDIGENT INDIVIDUALS
    MORGAN CITY,LA70380     		NONE I TRAVEL ASSISTANCE 118
    INDIGENT INDIVIDUALS
    INDIGENT INDIVIDUALS
    MORGAN CITY,LA70380     		NONE I AIR CONDITIONER 241
    GIRL SCOUTS LOUISIANA EAST
    841 S CLEARVIEW PKWY
    NEW ORLEANS,LA70121     		    SUPPORT LOCAL SCOUTS 15
    Total .................................bullet 3a 1,698,077
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 41,450  
    4 Dividends and interest from securities....     14 541,274  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 1,554,718  
    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 1,054,710  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aLARSON CAPITAL DEBT FUND I     		531190 14,671      
    bSWIF FUND     16 28,237  
    cAPEXONE MULTIFAMILY FUND     16 -20,961  
    dAPEXONE MULTIFAMILY FUND 531190 -64,380      
    eGRYPHON INTERNATIONAL FUND     16 6,601  
    fSTONEPEAK INFRASTRUCTURE FU     16 -41  
    gSWIF FUND 531190 8,723      
    12 Subtotal. Add columns (b), (d), and (e).. -40,986 3,205,988  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,165,002
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2020 DepreciationSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    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 Adjusted Net Income Cost of Goods Sold Not Included
    LAND - SECOND STREET 2013-07-01 29,000              
    BUILDING - SECOND STREET 2013-07-01 170,768 27,750 S/L 40.0000 4,269 3,202    
    LAND IMPROV - SECOND ST 2013-07-01 9,323 3,840 S/L 15.0000 621 466    
    8X8 METAL STORAGE BUILDIN 2014-04-01 2,050 769 S/L 15.0000 137 103    
    COMPUTER 2006-03-23 910 910 S/L 5.0000        
    COMPUTER 2009-11-10 2,520 2,520 S/L 5.0000        
    PHONE & INTERNET LINES 2013-07-01 367 367 S/L 5.0000        
    REFRIGERATOR 2013-07-01 1,020 1,020 S/L 5.0000        
    STOVE 2013-07-01 545 545 S/L 5.0000        
    ADD ELECTRIC WIRING 2013-07-01 227 227 S/L 5.0000        
    LEXMARK LASER PRINTER 2013-06-26 917 917 S/L 5.0000        
    ALARM SYSTEM 2013-07-01 3,268 3,268 S/L 5.0000        
    PHONE FAX INTERNET LINES 2013-07-01 565 565 S/L 5.0000        
    SNAPPER LAWN MOWER 2014-04-01 1,469 1,469 S/L 5.0000        
    RECEPTION DESK CHAIR 2013-07-01 162 150 S/L 7.0000 12 9    
    END TABLES 2013-07-01 173 161 S/L 7.0000 12 9    
    VALANCE & AWARD PEDESTAL 2013-07-01 914 849 S/L 7.0000 65 49    
    PICTURE FRAMES 2013-07-01 1,410 1,308 S/L 7.0000 102 77    
    PORCH FURNITURE 2013-07-01 490 455 S/L 7.0000 35 26    
    PICTURES 2013-07-01 1,142 1,142 S/L 5.0000        
    DECORATING CONSULTING 2013-07-01 1,468 1,363 S/L 7.0000 105 79    
    DRAPERIES AND BLINDS 2013-07-01 6,409 5,708 S/L 7.0000 701 526    
    CHINA 2013-10-30 2,200 1,938 S/L 7.0000 262 197    
    LAMP & INCIDENTALS 2013-10-30 912 803 S/L 7.0000 109 82    
    BUILDING - GUTTERS 2013-07-01 1,394 227 S/L 40.0000 34 26    
    BUILDING - SHUTTERS 2013-07-01 14,085 2,288 S/L 40.0000 353 265    
    BUILDING - PORCH RAILS 2013-07-01 1,169 190 S/L 40.0000 29 22    
    FURNITURE DEPOSIT 2013-07-01 4,500 4,179 S/L 7.0000 321 241    
    WALL UNIT FOR DISPLAY 2014-04-01 2,155 1,463 S/L 7.0000 307 230    
    COPIER 2017-12-12 2,668 1,112 S/L 5.0000 533 400    
    FURNITURE & RUGS 2013-07-01 8,505 7,898 S/L 7.0000 607 455    
    AC 2020-09-18 2,990   S/L 5.0000 150 113    
    HEATER 2020-11-20 3,285   S/L 5.0000 55 41    

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    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    COMPUTER 2006-03 PURCHASE 2020-12     910       910
    COMPUTER 2009-11 PURCHASE 2020-12     2,520       2,520
    SNAPPER LAWN MOWER 2014-04 PURCHASE 2020-12     1,469       1,469

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AT&T 114,321 114,321
    EXELON 36,943 36,943
    VERIZON 60,689 60,689
    ALLSTATE CORP 50,898 50,898
    APEXONE MULTIFAMILY FUND 451,000 451,000
    BRIDGE DEBT II INTERNATIONAL FUNDS 403,454 403,454
    GRYPHON INTERNATIONAL FUND 3,659,114 3,659,114
    LANDMARK DIVIDEND GROWTH FUND 416,227 416,227
    LARSON FUND 474,797 474,797
    MOSAIC REAL ESTATE CREDIT 312,735 312,735
    RSCM FUND IV 116,663 116,663
    STONEPEAK INFRASTRUCTURE FUND 453,735 453,735
    STONEPEAK ASPEN REIT AGGREGATOR 105,157 105,157
    SWIF FUND 611,291 611,291
    ACCENTURE PLC 309,273 309,273
    ALBEMARLE CORP 293,860 293,860
    BERKSHIRE HATHAWAY 247,637 247,637
    BROOKFIELD ASSET MGM 291,201 291,201
    C H ROBINSON WORLDWD 294,189 294,189
    CAL MAINE FOODS INC 197,986 197,986
    CUMMINS INC 298,864 298,864
    DISCOVER FINL S 377,872 377,872
    EMERSON ELECTRIC CO 291,422 291,422
    GILEAD SCIENCES INC 145,417 145,417
    LAM RESEARCH CORP 345,229 345,229
    MERCK & CO. INC. 282,537 282,537
    OMNICOM GROUP INC.    
    PEPSICO INC 220,819 220,819
    PHILLIPS 66 238,915 238,915
    PUB SVC ENTERPRISE GP    
    T ROWE PRICE GROUP 309,592 309,592
    TEXAS INSTRUMENTS 304,133 304,133
    TRUIST FINL CORP    
    TWITTER 327,499 327,499
    UNITEDHEALTH GRP INC 279,843 279,843
    WELLS FARGO BK N A 252,335 252,335
    BOEING CO 112,381 112,381
    JPMORGAN STRATEGIC 525,602 525,602
    TRANSAMERICA MULTI ASSET 254,367 254,367
    ACAP STRATEGIC 1,649,893 1,649,893
    CION ARES DIVERSIFIED 420,000 420,000
    JPMORGAN EMRG MKTS EQTY 900,319 900,319
    JPMORGAN EQUITY INCOME    
    JPMORGAN EQUITY PREMIUM 2,074,698 2,074,698
    JPMORGAN GRWTH ADVANTAGE 2,658,937 2,658,937
    JPMORGAN HEDGED EQTY FD 264,425 264,425
    JPMORGAN STRATEGIC INCM 353,936 353,936
    JP MORGAN ULTRA SHORT 800,077 800,077
    TRANSAMERICA CAPITAL 847,818 847,818
    TRANSAMERICA INTERMEDIATE 358,950 358,950
    TRANSAMERICA MID CAP    
    TRANSAMERICA MULTI ASSET    
    TRANSAMERICA SHORT TERM 219,484 219,484
    TRANSAMERICA SMALL CAP 881,486 881,486
    VANGUARD SHORT TERM CORP BOND ETF 126 126

    TY 2020 InvestmentsLandSchedule2
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS 689,644 689,644   2,241,272
    IMPROVEMENTS 387,001 109,650 277,351 354,750
    LAND 2,048,367   2,048,367 10,810,978

    TY 2020 LandEtcSchedule2
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE AND FIXTURES 30,440 30,055 385 2,585
    MACHINERY AND EQUIPMENT 15,852 8,758 7,094 7,093
    BUILDINGS 187,416 35,140 152,276 181,000
    IMPROVEMENTS 11,373 5,367 6,006 1,144
    LAND 29,000   29,000  


    TY 2020 LegalFeesSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MILLING BENSON WOODWARD LLP 11,789 11,789    


    TY 2020 OtherAssetsSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREMIUM RECEIVABLE- SUPPLEMENTAL INS 540 376 376


    TY 2020 OtherExpensesSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LAND - MORGAN CITY, LA        
    INVESTMENT DEPRECIATION 25,800 25,800    
    EXPENSES        
    INSURANCE 19,623 14,717   4,906
    REPAIRS AND MAINTENANCE 86,637 84,592   2,045
    INVESTMENT FEES 155,844 155,844    
    RENTAL EXPENSES 4,130 4,130    
    OFFICE EXPENSES 10,590 7,942   2,648
    PENALTIES 1,343      
    OTHER INVESTMENT EXPENSES 15,422 15,422    


    TY 2020 OtherIncomeSchedule2
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LARSON CAPITAL DEBT FUND I 14,671    
    SWIF FUND 28,237 28,237  
    APEXONE MULTIFAMILY FUND -20,961 -20,961  
    APEXONE MULTIFAMILY FUND -64,380    
    GRYPHON INTERNATIONAL FUND 6,601 6,601  
    STONEPEAK INFRASTRUCTURE FUND -41 -41  
    SWIF FUND 8,723    


    TY 2020 OtherIncreasesSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Description Amount
    RECOVERIES OF PY QUALIFYING DISTRIBUTIONS 2,000
    NET UNREALIZED GAINS OR LOSSES ON INVESTMENTS 2,066,218


    TY 2020 OtherNotesLoansRcvblShortSch2
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Name of 501(c)(3) Organization Balance Due
    NOTE RECEIVABLE - S JOHNSON
          		3,870


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NORTH AMERICAN TERMINAL SERVICES 3,572 3,572    
    APPRAISER ASSOCIATES OF LOUISIAN 11,100 11,100    
    PROVIDENCE ENGINEERING & DESIGN, 1,482 1,482    


    TY 2020 TaxesSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAX EXPENSE 9,505 7,129   2,376
    FEDERAL EXCISE TAX 37,096      
    FOREIGN TAXES PAID 10,132 10,132    
    UNRELATED BUSINESS INCOME TAX 3,566      
    LICENSES 1,039 1,039