TY 2020 Form 990PF

- TIN:

Form990-PF
Click to see list of attachments

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 Leightman Maxey Foundation

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 907
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Medford, OR97501

A Employer identification number

47-6261291

B Telephone number (see instructions)

(541) 734-9322

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

$6,729,966J Accounting method: Cash Accrual
Other (specify)Mod. Cash
(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	175		175
4	Dividends and interest from securities...	167,150		167,150
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		26,800
b	Gross sales price for all assets on line 6a 1,074,006
7	Capital gain net income (from Part IV, line 2)...			26,800
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	194,125		194,125
13	Compensation of officers, directors, trustees, etc.	132,100			132,100
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	7,840			7,840
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,940		2,940
c	Other professional fees (attach schedule)....		58,831	58,331	500
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		5,052		836
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	1,990			1,990
22	Printing and publications..........
23	Other expenses (attach schedule).......		18,208		18,208
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	226,961		58,331	164,414
25	Contributions, gifts, grants paid.......	156,601			106,601
26	Total expenses and disbursements. Add lines 24 and 25	383,562		58,331	271,015
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-189,437
b	Net investment income (if negative, enter -0-)			135,794
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.........	435,856	128,831	128,831
	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)
	b	Investments—corporate stock (attach schedule).......	435,000	455,370	455,370
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	5,511,060	6,142,765	6,142,765
	14	Land, buildings, and equipment: basis 3,000
		Less: accumulated depreciation (attach schedule)	3,000	3,000	3,000
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,384,916	6,729,966	6,729,966
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................	17,988	67,988
	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).........	17,988	67,988
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	6,366,928
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	6,366,928	6,661,978
	30	Total liabilities and net assets/fund balances (see instructions).	6,384,916	6,729,966

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

6,366,928

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

-189,437

Other increases not included in line 2 (itemize) bullet

484,487

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

6,661,978

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 .

6,661,978

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	Sales of Publicly Traded Securities	P	2000-01-01	2020-12-31
b
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	1,074,006	1,047,206	26,800
b
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			26,800
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	26,800
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	1,888
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	1,888
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	1,888
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	5,000
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	5,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,112
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax3,112	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

www.leightmanmaxey.org

The books are in care of bullet

Dee Ann Harris Telephone no. bullet

(541) 734-9322

Located at bullet

PO Box 907MedfordOR ZIP+4 bullet

97501

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2020?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2020.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Dee Ann Harris	Trustee 40.00	95,500	36,600
PO Box 907 Medford,OR97501	Trustee 40.00	95,500	36,600

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
Blue Rock Financial Services	Investment Mgmt	58,331
16 North Riverside Suite 202 Medford,OR97501	Investment Mgmt	58,331

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

5,507,419

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

516,637

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

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

6,024,056

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

6,024,056

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

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

90,361

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

5,933,695

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

296,685

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

296,685

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

1,888

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

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

1,888

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

294,797

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

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

294,797

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

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

294,797

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 ..........

271,015

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

271,015

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

271,015

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	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7			294,797
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......		57,329
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: $ 271,015
a Applied to 2019, but not more than line 2a		57,329
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2020 distributable amount.....			213,686
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 ..........			81,111
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

Form 990-PF (2020)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

Dee Ann Harris
PO Box 907
Medford,OR97501
(541) 734-9322

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

See Statement 13

cAny submission deadlines:

See Statement 13

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

See Statement 13

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
Consumer Credit Counseling Svc of S 820 Crater Lake Avenue 202 Medford,OR97504	N/A	PC	General Operating Support	20,000
United Way of Jackson County 60 Hawthorne Street Medford,OR97504	N/A	PC	Applied Nutrition Course; VITA/CCCS Counseling	7,496
Curry Health District 94220 4th Street Gold Beach,OR97444	N/A	PC	Diabetes Prevention Lifestyle Change Program	695
Rogue Farm Corps PO Box 533 Ashland,OR97520	N/A	PC	The Next Generation of Rogue Valley Farmers	5,000
Oregon St Univ - Coos County Ext 631 Adler Street Myrtle Point,OR97458	N/A	PC	Applied Nutrition Course	935
Kids Unlimited of Oregon 821 N Riverside Avenue Medford,OR97501	N/A	PC	Nutrition Education in the Afterschool Program	15,000
Rogue Valley Farm to School PO Box 898 Ashland,OR97520	N/A	PC	General Support	15,000
Family Nurturing Center 212 N Oakdale Ave Medford,OR97501	N/A	PC	Farm and Food Program	10,000
Jackson County School District 6 300 Ash Street Centeral Poing,OR97502	N/A	PC	Planning for the Future	4,975
The Valley School of Southern Orego 857 Valley View Drive Medford,OR97504	N/A	PC	Culinary Arts: Nutrition for Life	5,000
Rogue Retreat 711 East Main St 25 Medford,OR97504	N/A	PC	General Support	10,000
Compass House 37 North Ivy Medford,OR97501	N/A	PC	Employment Program	12,500
Total ................................. 3a				106,601

bApproved for future payment
Kids Unlimited of Oregon 821 N Riverside Avenue Medford,OR97501	N/A	PC	Nutrition Education in the Afterschool Program	15,000
Family Nurturing Center 212 N Oakdale Avenue Medford,OR97501	N/A	PC	Farm and Food Program	10,000
Rogue Valley Farm to School PO Box 898 Ashland,OR97520	N/A	PC	General Support	12,500
Compass House 37 North Ivy Medford,OR97501	N/A	PC	Employment Program	12,500
Total ................................. 3b				50,000

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	175
4 Dividends and interest from securities....			14	167,150
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	26,800
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				194,125

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

194,125

(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:	20011551
Software Version:	2020v4.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

The Leightman Maxey Foundation

EIN:

47-6261291

Software ID:

20011551

Software Version:

2020v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting Fees	2,940	0	0	2,940

- TIN:

TY 2020 CompensationExplanation

Name:

The Leightman Maxey Foundation

EIN:

47-6261291

Software ID:

20011551

Software Version:

2020v4.0

Person Name	Explanation
Dee Ann Harris	Compensation as a Key Employee, not as a Board Member

- TIN:

TY 2020 GeneralExplanationAttachment

Name:

The Leightman Maxey Foundation

EIN:

47-6261291

Software ID:

20011551

Software Version:

2020v4.0

Identifier	Return Reference	Explanation
	General Explanation Supplemental Information for Form 990-PF	Statement 13Form 990-PF, Part XV, Line 2a-dApplication Submission InformationEligibility Considerations and RequirementsGrant requests are considered only from organizations that are established nonprofit, tax-exempt, charitable organizations and public entities. It is the applicants responsibility to ensure that their organization is recognized by the IRS as a tax-exempt organization before submitting an application.The Foundation follows these general practices.* Grants are not made to or for any of the following purposes: Individuals Projects seeking to influence elections, political candidates or legislation. The Foundation does recognize the role faith-based organizations play in addressing Human service needs in our local communities, however we do not give grants for religious purposes. The Foundation is committed to providing an open, diverse and nondenominational environment. We will not support any program which requires exposure, adherence to or conversion to any religious doctrine in order to be a beneficiary of the program. To clarify, a direct service program run by a faith-based organization may be eligible, provided that the programs beneficiaries are not encouraged or required to learn about, adhere to, or convert to that organizations religious doctrine as a condition of receiving services from the program. * The Foundation limits its funding to Southern Oregon, specifically Jackson, Josephine, Klamath and Curry counties.* The Foundation makes grants up to $15,000.00.* Multiyear grants may be awarded. They will be limited to two years with the second year of funding being contingent upon a satisfactory report being received from the grantee at the end of the first years funding period.* The Foundation will consider only one grant request from the same organization in a twelve month period, unless an additional request is invited by the Foundation.* A Final Report for any previous funding must be received by the Foundation before another application from a previous grantee will be considered.Application Procedures and DeadlinesThe Foundation has an online application process. Proposals sent by mail or fax will not be accepted. Late applications will not be considered.There are two grant application deadlines a year: March 1 & September 1Generally, grant applications for the March 1 funding cycle become available December 1 and grant applications for the September 1 funding cycle become available June 1.?If you submit a grant application for the March 1 funding cycle, the beginning date for the use of funds requested may not be before June 1.?If you submit a grant application for the September 1 funding cycle, the beginning date for the use of funds requested may not be before December 1Application ReviewThe Foundation will acknowledge each application received.All applications will go through an initial review. Some will be denied at this stage and some will move forward for further consideration. If an organizations application moves forward, it is likely that a site visit will be arranged.The site visit will be an opportunity for the Foundation to have a deeper conversation and get a more in-depth understanding of your request for a grant. It will require that the Executive Director, a Board member and possibly others from the organization be present at the site visit. Before the site visit, you will be provided with questions that you may be asked by the Foundation. The purpose of the site visit is to have a very candid conversation. The Foundation wants to understand your organization, the leadership and the work you do in order that it can make the most informed and best funding decisions.Final grant decisions will be announced approximately 10-12 weeks after each deadline. Not all applications move through the review process in the same manner or at the same rate. The Foundation cannot expedite a funding decision. Please do not contact the Foundation during the review period with questions regarding the status of your application.All applicants will be informed of their grant request status, denied or awarded. All decisions are final.The Leightman Maxey Foundation endeavors to serve people throughout Southern Oregon. Despite this commitment, the Foundation is unable to support every request received. Denial of a grant should not necessarily be considered a reflection on the quality of a project or the worthiness of an organization.Payments and ReportingGrant agreements are issued electronically. Grant awards are paid upon receipt of the signed grant agreement and Board minutes from the grantee organization acknowledging receipt of the grant.Every organization receiving a grant from the Leightman Maxey Foundation has a responsibility to report on the use of the funds granted. Both an interim and final report are required. The Foundation must receive these reports before considering any further grant applications from the same organization. Reporting requirements are provided with each of the Foundations grant awards. The Foundation values final reports. Failure to report as required by the Foundation could influence future grant decisions.The Leightman Maxey Foundation is continually evolving and refining its processes and priorities. Please visit the Foundations website annually for new guidelines.

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

The Leightman Maxey Foundation

EIN:

47-6261291

Software ID:

20011551

Software Version:

2020v4.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Wells Fargo & Co, 300 Sh	455,370	455,370

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

The Leightman Maxey Foundation

EIN:

47-6261291

Software ID:

20011551

Software Version:

2020v4.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Oakmark Global Select, 12,480.687 Sh	FMV	261,845	261,845
Primecap Odyssey Aggr 8,577.199 Sh	FMV	460,338	460,338
Doubleline Total Return, 47,151.736 Sh	FMV	504,524	504,524
T Rowe Price Blue Chip, 3,379.484 Sh	FMV	560,656	560,656
Osterweis Strategic Inc, 24,469.066 Sh	FMV	277,724	277,724
Matthews Pacific Tiger Fd, 3,856.257 Sh	FMV	134,738	134,738
Wasatch Intl Growth Fd, 7,906.421 Sh	FMV	274,511	274,511
Oakmark Select Fund, 13,003.169 Sh	FMV	625,062	625,062
Hennessy Japan Small Cap, 12,476.175 Sh	FMV	225,195	225,195
Alps Funds, 19,290.545 Sh	FMV	282,414	282,414
Driehaus Fds Emrg Mkt, 8,456.374 Sh	FMV	161,348	161,348
iShares Trust Bd ETF, 3,000 Sh	FMV	259,140	259,140
Vanguard Lg Cap, 2,000 Sh	FMV	351,480	351,480
T Rowe Price Emrg Mkts, 2,209.989 Sh	FMV	121,085	121,085
iShares Trust Core S&P, 500 Sh	FMV	163,650	163,650
PIMCO ETF Trust, 1,600 Sh	FMV	163,264	163,264
Schwab Strategic Trust, 2,000 Sh	FMV	128,280	128,280
Vanguard Real Estate, 2,000 Sh	FMV	169,860	169,860
Vanguard 500 Value Indx, 1,000 Sh	FMV	123,690	123,690
Riverpark Funds Float, 56,358.304 Sh	FMV	498,207	498,207
Federated Hermes Kaufmann, 933.998 Sh	FMV	58,029	58,029
Osterweis Emerging, 2,871.039 Sh	FMV	57,765	57,765
Select Sector SPDR TR, 1,000 Sh	FMV	160,780	160,780
Victory Port II, 2,000 Sh	FMV	119,180	119,180

- TIN:

TY 2020 LandEtcSchedule2

Name:

The Leightman Maxey Foundation

EIN:

47-6261291

Software ID:

20011551

Software Version:

2020v4.0

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Land	3,000		3,000	3,000

- TIN:

TY 2020 OtherExpensesSchedule

Name:

The Leightman Maxey Foundation

EIN:

47-6261291

Software ID:

20011551

Software Version:

2020v4.0

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
Bank Fees	50	50
Bookkeeping	780	780
Insurance	1,331	1,331
Membership Dues	765	765
Misc. Operating Expenses	339	339
Payroll Service	1,078	1,078
Postage & Delivery	355	355
Supplies	724	724
Technology	11,918	11,918
Telephone	868	868

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

The Leightman Maxey Foundation

EIN:

47-6261291

Software ID:

20011551

Software Version:

2020v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Fees	58,331	58,331	0	0
Other Professional Fees	500	0	0	500

- TIN:

TY 2020 TaxesSchedule

Name:

The Leightman Maxey Foundation

EIN:

47-6261291

Software ID:

20011551

Software Version:

2020v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Excise Tax	4,216
Oregon Tax	836			836