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
THOMAS GARROTT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1908
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ORLANDO, FL328021908
A Employer identification number

62-6289645
B Telephone number (see instructions)

(404) 813-9304
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$19,962,418J 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 642 642  
4 Dividends and interest from securities... 405,459 405,459  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 245,148
b Gross sales price for all assets on line 6a 2,724,858
7 Capital gain net income (from Part IV, line 2)... 245,148
8 Net short-term capital gain......... 0
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 4,949    
12 Total. Add lines 1 through 11........ 656,198 651,249  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 44,420 22,210   22,210
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 2,500 0 0 2,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,583 7,080   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 68,503 29,290 0 24,710
25 Contributions, gifts, grants paid....... 726,950 726,950
26 Total expenses and disbursements. Add lines 24 and 25 795,453 29,290 0 751,660
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -139,255
b Net investment income (if negative, enter -0-) 621,959
c Adjusted net income (if negative, enter -0-)... 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.............      
2 Savings and temporary cash investments......... 282,965 280,319 280,319
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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) bullet  
Less: allowance for doubtful accounts bullet0      
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).......   Click to see attachment3,977,272 5,808,341
c Investments—corporate bonds (attach schedule).......   Click to see attachment3,083,407 3,241,352
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,142,619 Click to see attachment7,941,925 10,632,406
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,425,584 15,282,923 19,962,418
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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........ 15,425,584 15,282,923
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)..... 15,425,584 15,282,923
30 Total liabilities and net assets/fund balances (see instructions). 15,425,584 15,282,923
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
15,425,584
2
Enter amount from Part I, line 27a .....................
2
-139,255
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,821
4
Add lines 1, 2, and 3 ..........................
4
15,294,150
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
11,227
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,282,923
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 291. APPLE INC   2015-12-01 2020-02-21
b 45834.828 DFA EMERG MKTS CORE EQUITY   2019-02-21 2020-02-21
c 155000. COSTCO WHOLESALE 2.250% 2/15/22   2016-05-18 2020-05-28
d 250. APPLE INC   2015-12-01 2020-08-17
e 14907.377 DFA INTERNATIONAL CORE EQTY   2017-11-22 2020-08-17
8640. CISCO SYSTEMS INC   2016-09-14 2020-09-08
1080. ALLSTATE CORP   2015-12-02 2020-09-21
2325. BANK OF AMERICA CORP   2015-12-02 2020-09-21
9090. FINANCIAL SELECT SECTOR SPDR ETF   2016-11-25 2020-09-21
22070.015 VANGUARD DEV MKT INDX-ADM   2017-11-24 2020-10-02
200000. COCA-COLA CO 3.150% 11/15/20   2016-05-25 2020-11-15
(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 91,974   34,269 57,705
b 957,031   950,156 6,875
c 160,178   155,804 4,374
d 114,769   29,326 85,443
e 189,920   212,579 -22,659
348,536   267,895 80,641
97,225   68,324 28,901
57,043   41,265 15,778
218,182   203,167 15,015
290,000   316,925 -26,925
200,000   200,000  
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       57,705
b       6,875
c       4,374
d       85,443
e       -22,659
      80,641
      28,901
      15,778
      15,015
      -26,925
       
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 2 245,148
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 8,645
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 8,645
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,645
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 10,012
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,012
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 1,367
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,367 RefundedBullet 11 0
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletTN
    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 ofbulletTRUIST BANK Telephone no.bullet (404) 813-9304

    Located atbulletPO BOX 1908ORLANDOFL ZIP+4bullet328021908
    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
     
    No
    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
     
     
    .........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
    TRUIST BANK TRUSTEE
    1     		44,420    
    PO BOX 1908
    ORLANDO,FL32802
    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 0
    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.............bullet0
    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)
    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
    17,657,375
    b
    Average of monthly cash balances.......................
    1b
    165,192
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,822,567
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    17,822,567
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    267,339
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,555,228
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    877,761
    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
    877,761
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    8,645
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,645
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    869,116
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    869,116
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    869,116
    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
    751,660
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    751,660
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    751,660
    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 7 869,116
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 170,767
    e From 2019...... 64,816
    fTotal of lines 3a through e........ 235,583
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 751,660
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 751,660
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 117,456 117,456
    (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 5 118,127
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		118,127
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 53,311
    d Excess from 2019.... 64,816
    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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    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
    VANDERBILT UNIVERSITY OWEN GRADUATE
    SCHOOL OF MANAGEMENT
    401 21ST AVE S
    NASHVILLE,TN37203     		NONE PC GENERAL OPERATING 5,000
    DIXON GALLERY AND GARDENS
    4339 PARK AVE
    MEMPHIS,TN38117     		NONE PC GENERAL OPERATING 9,600
    BINGHAMPTON CHRISTIAN ACADEMY
    175 TILLMAN STREET
    MEMPHIS,TN38111     		NONE PC GENERAL CHARITABLE PURPOSE 5,000
    PRESBYTERIAN DAY SCHOOL
    4025 POPLAR AVENUE
    MEMPHIS,TN38111     		NONE PC GENERAL OPERATING 1,000
    SLINGSHOT
    802 ROZELLE STREET
    MEMPHIS,TN38104     		NONE PC GENERAL OPERATING 5,000
    AMEA MINISTRIES
    307 LEONORA
    MEMPHIS,TN38117     		NONE PC GENERAL OPERATING 2,000
    CHICKASAW COUNCIL
    171 SOUTH HOLLYWOOD STREET
    MEMPHIS,TN38112     		NONE PC GENERAL OPERATING 1,000
    REFORMED UNIVERSITY FELLOWSHIP
    PO BOX 890004
    CHARLOTTE,NC28289     		NONE PC GENERAL OPERATING 12,800
    LE BONHEUR CHILDREN'S HOSPITAL
    FOUNDATION
    848 ADAMS AVE
    MEMPHIS,TN38103     		NONE PC GENERAL CHARITABLE PURPOSE 1,000
    THE MEMPHIS GARDEN CLUB
    170 SAINT ALBANS FAIRWAY
    MEMPHIS,TN38111     		NONE PC GENERAL OPERATING 100
    THE FINLEY PROJECT
    941 W MORSE BLVD
    WINTER PARK,FL32789     		NONE PC GENERAL OPERATING 10,000
    SECOND PRESBYTERIAN CHURCH
    4055 POPLAR AVENUE
    MEMPHIS,TN38111     		NONE PC GENERAL OPERATING 550
    YOUNG LIFE MEMPHIS
    658 COLONIAL ROAD
    MEMPHIS,TN38117     		NONE PC GENERAL OPERATING 10,000
    COMMUNITY LEGAL CENTER
    243 ADAMS AVE
    MEMPHIS,TN38103     		NONE PC GENERAL OPERATING 1,000
    LITTLE GARDEN CLUB OF MEMPHIS
    162 S GOODLETT
    MEMPHIS,TN38117     		NONE PC GENERAL OPERATING 100
    MIFA
    910 VANCE AVE
    MEMPHIS,TN38126     		NONE PC GENERAL OPERATING 1,000
    JIFF
    254 S LAUDERDALE ST
    MEMPHIS,TN38126     		NONE PC GENERAL OPERATING 500
    THE RYR-1 FOUNDATION
    PO BOX 13312
    PITTSBURGH,PA15243     		NONE PC GENERAL OPERATING 25,000
    MEMPHIS-SHELBY CRIME COMMISSION
    600 JEFFERSON AVE 400
    MEMPHIS,TN38105     		NONE PC GENERAL OPERATING 2,000
    ST MARY S EPISCOPAL SCHOOL
    60 PERKINS EXTENDED
    MEMPHIS,TN38117     		NONE PC GENERAL OPERATING 195,250
    LEADERSHIP MEMPHIS
    240 MADISON AVE SUITE 601
    MEMPHIS,TN38103     		NONE PC GENERAL OPERATING 250
    CURE ALZHEIMERS
    5801 KINGSTON PIKE
    Knoxville,TN37919     		NONE PC GENERAL OPERATING 100
    WOMEN'S FOUNDATION
    40 S MAIN ST 2280
    MEMPHIS,TN38103     		NONE PC GENERAL OPERATING 250
    MAKE A WISH
    600 HILL AVE SUITE 201
    NASHVILLE,TN37210     		NONE PC GENERAL OPERATING 100
    PRESBYTERIAN DAY SCHOOL
    4025 POPLAR AVE
    MEMPHIS,TN38111     		NONE PC GENERAL OPERATING 1,300
    MEMPHIS UNIVERSITY
    3720 ALUMNI AVE
    MEMPHIS,TN38152     		NONE PC GENERAL OPERATING 10,450
    GORDIE CENTER
    PO BOX 800139
    Charlottesville,VA22908     		NONE PC GENERAL OPERATING 1,000
    OVERTON PARK CONSERVANCY
    1930 POPLAR AVE
    MEMPHIS,TN38104     		NONE PC GENERAL OPERATING 3,000
    BROOKS MUSEUM OF MEMPHIS
    1934 POPLAR AVE MEMPHIS
    MEMPHIS,TN38104     		NONE PC GENERAL OPERATING 1,000
    REFORMED THEOLOGICAL
    5422 CLINTON BLVD
    JACKSON,MO39209     		NONE PC GENERAL OPERATING 10,000
    CRUCAMPUS CRUSADE FOR CHRIST
    PO BOX 628222
    ORLANDO,FL32862     		NONE PC GENERAL OPERATING 5,000
    TENNESSEE SHAKESPEARE CO
    7950 TRINITY RD
    Cordova,TN38018     		NONE PC GENERAL OPERATING 10,000
    THIRD MILLENNIUM MINISTRIES
    316 LIVE OAKS BLVD
    CASSELBERRY,FL32707     		NONE PC GENERAL OPERATING 25,000
    FUND FOR KENAN FLAGER
    125 N MAIN ST
    MEMPHIS,TN38103     		NONE PC GENERAL OPERATING 5,000
    THE SALVATION ARMY
    696 JACKSON AVENUE
    MEMPHIS,TN38105     		NONE PC GENERAL OPERATING 5,000
    HUTCHISON SCHOOL
    1740 RIDWAY ROAD
    MEMPHIS,TN38119     		NONE PC GENERAL OPERATING 2,600
    ARTS MEMPHIS
    PO BOX 1000
    MEMPHIS,TN38101     		NONE PC GENERAL OPERATING 2,500
    NEIGHBORHOOD CHRISTIAN CENTER
    785 JACKSON AVENUE
    MEMPHIS,TN38107     		NONE PC GENERAL OPERATING 10,000
    ONE HUNDRED CLUB OF MEMPHIS
    PO BOX 770726
    MEMPHIS,TN38177     		NONE PC GENERAL OPERATING 1,000
    ANTIOCH MINISTRIES INT
    3639 FAULKNER RD
    MEMPHIS,TN38118     		NONE PC GENERAL OPERATING 5,000
    TEXAS CHRISTIAN UNIVERSITY
    PO BOX 961012
    FORT WORTH,TX76161     		NONE PC GENERAL OPERATING 1,000
    SANCTUARY COUNSELING CENTER
    4933 WILLIAM ARNOLD ROAD
    MEMPHIS,TN38117     		NONE PC GENERAL OPERATING 325,000
    SAINT MARYS SCHOOL IN RALEIGH
    900 HILLSBOROUGH ST
    RALEIGH,NC27603     		NONE PC GENERAL OPERATING 1,000
    ADVANCE MEMPHIS
    PO BOX 2201
    MEMPHIS,TN38101     		NONE PC GENERAL OPERATING 2,500
    FRIENDS OF SULGRAVE
    221 NORTH ITHAN AVE
    Rosemont,PA19010     		NONE PC GENERAL OPERATING 1,000
    RUF AT VANDERBILT UNIVERSITY
    2301 VANDERBILT PLACE
    Nashville,TN37240     		NONE PC GENERAL OPERATING 5,000
    THRIVE MEMPHIS
    6560 POPLAR AVE
    MEMPHIS,TN38138     		NONE PC GENERAL OPERATING 2,500
    COACHES HONOR
    PO BOX 51139
    JACKSONVILLE BEACH,FL32240     		NONE PC GENERAL OPERATING 2,500
    Total .................................bullet 3a 726,950
    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 ...........     		    14 642  
    4 Dividends and interest from securities....     14 405,459  
    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 ............     		    18 245,148  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 4,949  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   656,198  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    656,198
    (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

    TY 2020 AccountingFeesSchedule
    Name:
    THOMAS GARROTT FOUNDATION
    EIN:
    62-6289645
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 2,500     2,500

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THOMAS GARROTT FOUNDATION
    EIN:
    62-6289645
    Name of Bond End of Year Book Value End of Year Fair Market Value
    911312AM8 UNITED PARCEL SERVIC 200,122 200,164
    084664BT7 BERKSHIRE HATHAWAY F 203,376 207,628
    91159HHC7 US BANCORP 202,581 206,124
    742718EB1 PROCTER & GAMBLE CO/ 206,189 215,018
    68389XAX3 ORACLE CORP 2.250% 1    
    037833BY5 APPLE INC 205,875 224,442
    166764AH3 CHEVRON CORP 203,560 212,712
    717081DM2 PFIZER INC 207,197 219,782
    58933YAR6 MERCK & CO INC 205,512 217,264
    857477AN3 STATE STREET CORP 207,912 221,918
    25468PDK9 WALT DISNEY COMPANY/ 208,205 222,088
    458140AJ9 INTEL CORP 202,113 204,440
    437076BM3 HOME DEPOT INC 207,587 223,590
    191216AR1 COCA-COLA CO 3.150%    
    06406HCQ0 BANK OF NEW YORK MEL 212,199 232,660
    22160KAH8 COSTCO WHOLESALE    
    931142DH3 WAL-MART STORES INC 203,546 209,524
    74005PBQ6 PRAXAIR INC 207,433 223,998

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THOMAS GARROTT FOUNDATION
    EIN:
    62-6289645
    Name of Stock End of Year Book Value End of Year Fair Market Value
    20002101 ALLSTATE CORP 204,972 356,173
    31162100 AMGEN INC 265,768 377,759
    26875P101 EOG RESOURCES INC CO    
    806857108 SCHLUMBERGER LTD 346,428 98,235
    60505104 BANK OF AMERICA CORP 233,835 399,334
    26078J100 DOWDUPONT INC    
    2824100 ABBOTT LABS 176,575 423,726
    166764100 CHEVRON CORP 289,433 269,142
    02079K107 ALPHABET INC CL C    
    023135106 AMAZON INC COM    
    37833100 APPLE INC 164,224 743,064
    375558103 GILEAD SCIENCES INC 443,599 244,692
    713448108 PEPSICO INC 275,132 407,825
    17275R102 CISCO SYS INC COM    
    949746101 WELLS FARGO & CO COM    
    594918104 MICROSOFT CORP 110,182 442,393
    907818108 UNION PAC CORP 167,196 414,358
    58933Y105 MERCK & CO INC 197,526 294,480
    92343V104 VERIZON COMMUNICATIO 332,435 342,219
    260557103 DOW INC 90,944 83,028
    742718109 PROCTER & GAMBLE CO 225,047 343,119
    22052L104 CORTEVA INC 58,864 57,925
    26614N102 DUPONT DE NEMOURS IN 130,281 106,381
    31428X106 FEDEX CORPORATION 264,831 404,488

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THOMAS GARROTT FOUNDATION
    EIN:
    62-6289645
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    233203371 DFA INTL CORE EQUITY      
    92204A884 VANGUARD COMMUNICATI AT COST 179,503 233,188
    81369Y860 REAL ESTATE SELECT S AT COST 169,951 185,725
    921943809 VANGUARD DEVELOPED M AT COST 1,140,899 1,363,048
    464288760 ISHARES DJ US AEROSP AT COST 345,050 454,656
    81369Y886 UTILITIES SELECT SEC AT COST 404,386 487,054
    922908710 VANGUARD 500 INDEX F AT COST 711,254 1,224,001
    92204A702 VANGUARD INFORMATION AT COST 431,933 1,066,677
    922042858 VANGUARD FTSE EMERGI AT COST 1,141,967 1,326,311
    81369Y308 CONSUMER STAPLES SEL AT COST 369,998 456,299
    78467Y107 MIDCAP SPDR TRUST SE AT COST 757,146 1,059,038
    81369Y209 HEALTH CARE SELECT S AT COST 319,519 412,128
    81369Y407 CONSUMER DISCRETIONA AT COST 217,861 343,105
    81369Y704 INDUSTRIAL SELECT SP AT COST 199,881 259,983
    81369Y605 SELECT SECTOR SPDR T      
    22160KAH8 COSTCO WHOLESALE      
    458140AJ9 INTEL CORP 3.300% 10      
    437076BM3 HOME DEPOT INC      
    260557103 DOW INC      
    26614N102 DUPONT DE NEMOURS IN      
    037833100 APPLE INC COM      
    375558103 GILEAD SCIENCES INC      
    713448108 PEPSICO INC COM      
    233203421 DFA EMERGING MKTS CO      
    594918104 MICROSOFT CORP COM      
    907818108 UNION PACIFIC CORP C      
    58933Y105 MERCK AND INC COM      
    931142DH3 WAL-MART STORES INC      
    74005PBQ6 PRAXAIR INC      
    25468PDK9 WALT DISNEY CO MTN      
    464287713 ISHARES U.S. TELECOM AT COST 492,074 504,070
    191216AR1 COCA-COLA CO 3.150%      
    06406HCQ0 BANK OF NEW YORK MTN      
    22052L104 CORTEVA INC      
    17275R102 CISCO SYS INC COM      
    31428X106 FEDEX CORP COM      
    92343V104 VERIZON COMMUNICATIO      
    911312AM8 UNITED PARCEL SVC 3.      
    084664BT7 BERKSHIRE HATHAWAY 3      
    020002101 ALLSTATE CORP COM      
    031162100 AMGEN INC COM      
    806857108 SCHLUMBERGER LTD COM      
    91159HHC7 US BANCORP 3.000% 3/      
    742718EB1 PROCTER & GAMBLE CO      
    037833BY5 APPLE INC      
    060505104 BANK OF AMERICA CORP      
    742718109 PROCTER & GAMBLE CO      
    166764AH3 CHEVRON CORP 3.191%      
    717081DM2 PFIZER INC 3.400% 5/      
    58933YAR6 MERCK & CO INC      
    002824100 ABBOTT LABS COM      
    166764100 CHEVRON CORP COM      
    857477AN3 STATE STREET CORP 3.      
    922908629 VANGUARD INDEX FUND AT COST 92,548 103,799
    46434G103 ISHARES CORE MSCI EM AT COST 967,955 1,153,324

    TY 2020 OtherDecreasesSchedule
    Name:
    THOMAS GARROTT FOUNDATION
    EIN:
    62-6289645
    Description Amount
    MUTUAL FUND TIMING DIFFERENCE 22
    2020 TRANSACTIONS POSTED IN 2021 3,655
    2020 BOND AMORTIZATION POSTED IN 2021 7,550


    TY 2020 OtherIncomeSchedule2
    Name:
    THOMAS GARROTT FOUNDATION
    EIN:
    62-6289645
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 4,949 0  


    TY 2020 OtherIncreasesSchedule
    Name:
    THOMAS GARROTT FOUNDATION
    EIN:
    62-6289645
    Description Amount
    2019 TRANSACTIONS POSTED IN 2020 7,820
    ROUNDING 1


    TY 2020 TaxesSchedule
    Name:
    THOMAS GARROTT FOUNDATION
    EIN:
    62-6289645
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 4,491 0   0
    FEDERAL ESTIMATES - PRINCIPAL 10,012 0   0
    FOREIGN TAXES ON QUALIFIED FOR 4,427 4,427   0
    FOREIGN TAXES ON NONQUALIFIED 2,653 2,653   0