Frank E Duckwall Foundation — Form 990PF, tax year 2020

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Form990-PF
Click to see attachment

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
Frank E Duckwall Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 3351
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Tampa, FL33601
A Employer identification number

59-6773462
B Telephone number (see instructions)

(813) 634-4172
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$7,979,315J 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 67,604 67,604  
4 Dividends and interest from securities... 139,117 139,117  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 406
b Gross sales price for all assets on line 6a 3,566,935
7 Capital gain net income (from Part IV, line 2)... 406
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........ 207,127 207,127  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 32,000 16,000   16,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,330      
c Other professional fees (attach schedule).... Click to see attachment 49,117 49,117    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,549     3,549
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 13,456     13,456
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 103,452 65,117   33,005
25 Contributions, gifts, grants paid....... 415,150 415,150
26 Total expenses and disbursements. Add lines 24 and 25 518,602 65,117   448,155
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -311,475
b Net investment income (if negative, enter -0-) 142,010
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 202,349 470,317 470,317
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 bullet        
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)....... 4,339,061 Click to see attachment4,546,217 5,634,673
c Investments—corporate bonds (attach schedule)....... 2,597,515 Click to see attachment1,799,644 1,869,825
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,500 Click to see attachment4,500 Click to see attachment4,500
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,143,425 6,820,678 7,979,315
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 7,143,425 6,820,678
29 Total net assets or fund balances (see instructions)..... 7,143,425 6,820,678
30 Total liabilities and net assets/fund balances (see instructions). 7,143,425 6,820,678
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
7,143,425
2
Enter amount from Part I, line 27a .....................
2
-311,475
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
140
4
Add lines 1, 2, and 3 ..........................
4
6,832,090
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
11,412
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,820,678
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 200000 Shs AT&T Inc Glbl NT DTD 04/29/11 P 2011-06-15 2020-06-29
b 200000 Shs Berkshire Hathaway Inc Note Dtd 10/15/20 P 2014-06-24 2020-10-15
c 50000 Shs Boeing Co Sr Nt DTD 10/29/15 P 2019-10-16 2020-02-05
d 375 Shs Broadcom Inc Com P 2019-11-05 2020-03-17
e 2290 Shs Cisco Sys Inc P 2016-04-19 2020-01-14
700 Shs Cisco Sys Inc P 2016-08-09 2020-01-14
1050 Shs Walt Disney Company P 2019-02-13 2020-02-25
1375 Shs Dominion Res Inc VA New P 2019-08-19 2020-07-20
1290 Shs Exxon Mobil Corp P 2017-02-06 2020-02-25
150 Shs Home Depot P 2018-03-28 2020-05-13
800 Shs Illinois Toll Works Inc P 2019-11-05 2020-03-12
225 Shs Johnson & Johnson Com P 2019-01-14 2020-05-13
3150 Shs Kinder Morgan Inc P 2019-02-13 2020-02-25
740 Shs Kinder Morgan Inc P 2019-02-13 2020-04-13
4125 Shs Kinder Morgan Inc P 2019-05-02 2020-04-13
5110 Shs Kroger Co Com P 2020-03-12 2020-12-02
75 Shs Lockheed Martin Corp P 2019-03-18 2020-09-28
350 Shs Merck & Co Inc P 2018-06-05 2020-05-13
400 Shs Microsoft Corp P 2011-06-15 2020-02-24
125 Shs Microsoft Corp P 2011-06-15 2020-09-28
200000 Shs Netapp Inc Sr Glbl Nt Dtd 06/05/14 P 2014-09-05 2020-07-27
175 Shs Nextera Energy Inc P 2018-10-03 2020-02-24
100000 Shs Novartis Capital Corp Gtd Note P 2018-06-26 2020-04-24
2075 Shs Nucor Corporation P 2019-08-19 2020-02-25
1400 Shs Oneok Inc P 2020-02-25 2020-03-12
500 Shs Prologis Inc Com P 2018-07-17 2020-02-24
1075 Shs Quest Diagnostics Inc P 2019-06-06 2020-12-02
2173 Shs Southern Co P 2018-05-08 2020-04-13
275 Shs Sysco P 2018-05-08 2020-02-24
2059 Shs Sysco P 2018-05-08 2020-03-17
200000 Shs Toronto Dominion Bank P 2018-06-18 2020-12-14
3025 Shs Truist Finl Corp P 2011-01-06 2020-05-13
1275 Shs Tyson Foods Inc P 2019-06-06 2020-03-17
2600 Shs Unilever PLC Sponsored ADR New P 2018-06-05 2020-07-20
425 Shs United Parcel Service Inc P 2010-07-01 2020-09-28
750 Shs United Technologies Corp P 2019-11-05 2020-03-12
0.5 Shs Viatris Inc Com P 2015-07-13 2020-11-25
471 Shs Viatris Inc Com P 2017-07-12 2020-12-02
275 Shs Waste Mgmt Inc Del Com P 2018-07-17 2020-02-24
3325 Shs Wells Fargo & Co P 2019-06-06 2020-03-12
1050 Shs Chubb Limited Com P 2019-06-06 2020-12-02
100000 Shs Cisco Systems Inc Sr Unsecured P 2018-06-26 2020-01-15
Capital Gain Dividends P   2020-12-31
Capital Gain Dividends Sec 1250 P   2020-12-31
(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 207,143   200,577 6,566
b 200,000   200,000  
c 50,612   51,501 -889
d 73,364   116,829 -43,465
e 109,472   64,855 44,617
33,463   21,640 11,823
136,503   115,276 21,227
106,810   107,025 -215
70,897   103,732 -32,835
34,955   26,527 8,428
115,736   140,970 -25,234
32,964   28,875 4,089
67,355   58,521 8,834
11,114   13,748 -2,634
61,951   76,634 -14,683
165,523   156,305 9,218
29,463   22,260 7,203
26,946   21,552 5,394
69,405   9,574 59,831
26,155   2,992 23,163
205,348   200,573 4,775
48,252   29,545 18,707
100,000   100,000  
95,413   103,885 -8,472
42,489   105,862 -63,373
48,272   31,963 16,309
134,283   106,217 28,066
126,281   96,505 29,776
20,802   17,243 3,559
73,078   129,111 -56,033
200,000   199,392 608
95,277   81,757 13,520
60,610   103,927 -43,317
143,985   144,943 -958
71,747   24,629 47,118
75,062   110,709 -35,647
9   7 2
8,045   6,760 1,285
34,112   23,020 11,092
94,390   160,706 -66,316
159,324   150,382 8,942
100,000   100,000  
205     205
120     120
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       6,566
b        
c       -889
d       -43,465
e       44,617
      11,823
      21,227
      -215
      -32,835
      8,428
      -25,234
      4,089
      8,834
      -2,634
      -14,683
      9,218
      7,203
      5,394
      59,831
      23,163
      4,775
      18,707
       
      -8,472
      -63,373
      16,309
      28,066
      29,776
      3,559
      -56,033
      608
      13,520
      -43,317
      -958
      47,118
      -35,647
      2
      1,285
      11,092
      -66,316
      8,942
       
      205
      120
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 2 406
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 1,974
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 1,974
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 1,974
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 11,200
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 11,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 9,226
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,000 RefundedBullet 11 7,226
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)
    bulletFL
    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 ofbulletSandra Tolle Telephone no.bullet (813) 634-4172

    Located atbullet2914 Ponderosa TrailWimaumaFL ZIP+4bullet335987519
    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
    Frank J Rief III Trustee
    1.00     		16,000    
    2611 Bayshore Blvd 907
    Tampa,FL336297433
    G Lowe Morrison Trustee
    1.00     		16,000    
    1807 Moccasin Hollow Road
    Sarasota,FL34240
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    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
    7,167,898
    b
    Average of monthly cash balances.......................
    1b
    587,095
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,754,993
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    7,754,993
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    116,325
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,638,668
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    381,933
    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
    381,933
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,974
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,974
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    379,959
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    379,959
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    379,959
    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
    448,155
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    448,155
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    448,155
    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 7 379,959
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 299,442
    b From 2016...... 47,059
    c From 2017...... 43,065
    d From 2018...... 67,357
    e From 2019...... 27,074
    fTotal of lines 3a through e........ 483,997
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 448,155
    a Applied to 2019, but not more than line 2a  
    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..... 379,959
    e Remaining amount distributed out of corpus 68,196
    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 5 552,193
    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 ..........     		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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		299,442
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		252,751
    10 Analysis of line 9:
    a Excess from 2016.... 47,059
    b Excess from 2017.... 43,065
    c Excess from 2018.... 67,357
    d Excess from 2019.... 27,074
    e Excess from 2020.... 68,196
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Sandra Tolle
    PO Box 3351
    Tampa,FL336013351
    (813) 634-4172
    bThe form in which applications should be submitted and information and materials they should include:
    Application explaining need and intended use
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Charitable, Medical, Cultural, Educational, Literacy & Scientific Purposes in the Tampa Bay, Florida area
    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
    The Chiselers Inc
    2518 West Edgewood Road
    Tampa,FL33609     		N/A Pub Char Funds to support the Chiselers Preview Party 2,500
    H Lee Moffitt Cancer Center
    12902 Magnolia Drive
    Tampa,FL33612     		N/A Pub Char Funding for the abbreviated SPARK Program for the fall. 25,000
    Museum of Fine Arts
    255 Beach Drive NE
    St Petersburg,FL33701     		N/A Pub char Funding for the gallery project. 10,000
    Poynter Institute
    801 3rd Street South
    St Petersburg,FL33701     		N/A Pub Char Funding to cover two 2020 Community Conversation Series. 12,500
    Henry B Plant Museum
    401 W Kennedy Blvd
    Tampa,FL33606     		N/A Pub Char Funding to assist in underwriting the Mayor's Crescent Club Dinner. 3,000
    St Josephs Hospitals Foundation
    2700 W Dr MLK Jr Blvd Ste 310
    Tampa,FL33607     		N/A Pub Char Sponsorship of Golf Classic 3,300
    Meals on Wheels
    550 W Hillsborough Avenue
    Tampa,FL33603     		N/A Pub Char Ongoing support 5,000
    Society of St Andrew
    PO Box 536842
    Orlando,FL32853     		N/A Pub Char Funding to be used for the Gleaning Network and Potato / Produce Programs in the Tampa Bay area. 5,000
    Tampa Bay Watch
    3000 Pinellas Bayway South
    Tierra Verde,FL33715     		N/A Pub Char Final installment for the Discovery Center at The Pier in St. Petersburg and gold sponsorship for The Ed Alber Tarpon Rodeo. 10,000
    Tampa Museum of Art
    120 W Gasparilla Plaza
    Tampa,FL33602     		N/A Pub Char Funding to support the exhibition "Her World in Focus: Women Photographers". 15,000
    Academy Prep Center of Tampa
    1407 E Columbus Drive
    Tampa,FL33605     		N/A Pub Char Funding to purchase new 2020 Asus Chromebooks. 10,000
    Tampa Theatre
    711 North Franklin Street
    Tampa,FL33602     		N/A Pub Char Fourth Installment for section of 24 seats in the Mezzanine section of the theatre. 10,000
    Tampa Bay History Center
    801 Old Water Street
    Tampa,FL33602     		N/A Pub Char Third installment of the challenge grant to be used for Charting the Future expansion. 25,000
    Florida Museum of Photographic Arts
    400 North Ashley Drive Cube 200
    Tampa,FL33602     		N/A Pub Char Funding to purchase two Lenovo Yogo desktop computers and three Lenovo Thinkpad laptops. 11,500
    Community Foundation of Tampa Bay Inc
    4300 Cypress Street Ste 700
    Tampa,FL33607     		N/A Pub Char Funding for the Solutions Journalism Fund to be used for stories on philanthropy in the Tampa Bay area. 12,000
    Chapters Health System
    12470 Telecom Drive Ste 300
    Temple Terrace,FL33637     		N/A Pub Char Funding for Lifepath Hospice care in Hillsborough County. 3,000
    The Poynter Institute
    801 Third Street South
    St Petersburg,FL33701     		N/A Pub Char Funding to cover the conversations/programs in the first part of 2021. 7,500
    Quantum Leap Farm
    10401 Woodstock Road
    Odessa,FL33556     		N/A Pub Char Funding to repair and patch the roof insulation of the Arena. 5,050
    Stageworks Theatre
    1120 E Kennedy Blvd West Blg 151
    Tampa,FL33602     		N/A Pub Char Funding for the Resilience Fund and the "Come As Thou Art" live auction. 15,000
    Humane Society of Tampa Bay
    3607 North Armenia
    Tampa,FL33607     		N/A Pub Char Funding to be used to purchase six 16 gauge, stainless steel Exam tables. 3,000
    Gasparilla Music Foundation Inc
    Post Office Box 172986
    Tampa,FL33602     		N/A Pub Char Funding to be used for capital expenditures, specifically equipment. 3,600
    The Helen Gordon Davis Centre for W
    305 S Hyde Park Avenue
    Tampa,FL33606     		N/A Pub Char Funding to be used towards the new VOIP telephone system. 5,000
    The Florida Aquarium
    701 Channelside Drive
    Tampa,FL33602     		N/A Pub Char Capping Grant Challenge 50,000
    Tampa Bay Wave
    500 E Kennedy Blvd Suite 300
    Tampa,FL33602     		N/A Pub Char Funding to be used to repair broken conference room furniture and to purchase video conferencing equipment. 4,200
    State College of Florida Foundation
    Post Office Box 1849
    Bradenton,FL34206     		N/A PC Third installment of the challenge grant to be used towards the construction of the Visualization Theatre Classroom. 25,000
    The Circus Arts Conservatory
    2075 Bahia Vista Street
    Sarasota,FL34239     		N/A PC Third installment of funding to be used for operations and programs. 25,000
    University of South Florida Foundat
    4202 E Fowler Avenue ALC100
    Tampa,FL33620     		N/A PC Third installment for Dr. Francis's Digital Archive project and funding for Classical WSMR Fall Membership Campaign. 35,000
    Conservation Foundation of Gulf Coa
    5626 Lingle Street
    North Port,FL34287     		N/A PC Funding to assist in protecting Orange Hammock Ranch. 10,000
    RCS Pinellas
    503 Martin Luther King Jr Ave
    Clearwater,FL33756     		N/A PC Funding to assist with the replacement of a refrigerated truck. 15,000
    University of South Florida
    4202 E Fowler Avenue
    Tampa,FL33620     		N/A PC Second installment of grant. 2,500
    Heart Gallery of Tampa
    5463 W Waters Avenue Suite 850
    Tampa,FL33634     		N/A PC Funding to buy a digital camera, two lenses, external flash and camera bag, photo printer and ink supply, laptop and four annual Adobe subscriptions. 4,000
    Pines of Sarasota Foundation Inc
    1501 N Orange Avenue
    Sarasota,FL34236     		N/A PC Funding to assist in replacing air conditioning units on the Pavilion building. 5,000
    USF Libraries
    4202 E Fowler Avenue LIB 122
    Tampa,FL33620     		N/A PC Funding for the Moseley Homestead Preservation Fund and for the USF Libraries Audubon Oral History Project. 20,000
    WK Preservation Group Inc
    1987 Mac Gregor Road
    Tarpon Springs,FL34689     		N/A PC Funding to support the purchase and preservation of the 14 acre ancient natural forest. 7,500
    Sing Out and Read
    1211 N Westshore Blvd Ste 610
    Tampa,FL33607     		N/A PC Funding to purchase "Prize" tablets. 10,000
    Total .................................bullet 3a 415,150
    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 67,604  
    4 Dividends and interest from securities....     14 139,117  
    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 ............     		    18 406  
    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)..   207,127  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    207,127
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    Frank E Duckwall Foundation
    EIN:
    59-6773462
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 5,330 0 0 0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Frank E Duckwall Foundation
    EIN:
    59-6773462
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Johnson & Johnson 100,712 109,281
    AT&T Inc Glbl Nt 4.45% 5/15/21    
    Oracle Corp Nt 2.375% 1/15/19    
    Berkshire Hathaway Inc Note DTD    
    Netapp, Inc Sr Glbl Nt Dtd    
    Raytheon Co Sr Nt Dtd 12/04/2012 197,038 207,276
    Apple Inc Sr Nt Dtd 09/14/2010 200,559 207,066
    Blackrock Inc Mtn Dtd 50,154 52,169
    IBM Credit LLC 99,642 100,203
    Novartis Capital Corp GTD Note    
    Toronto Dominion Bank FR DTD 2.5%    
    Walmart Inc DTD 3.125% 6/27/18 150,001 152,057
    Cisco Systems Inc SR Unsecured DTD    
    Bank of America Corp FR DTD 50,747 56,667
    Boeing Co Sr Nt DTD 10/29/15    
    CME Group Inc Sr Nt DTD 50,527 52,293
    Caterpillar Finl Scvs Dtd 25,239 26,799
    Cintas Corporation No. 2 Sr Glbl 50,441 50,808
    International Business Machines 51,426 54,164
    Microsoft Corp Nt Dtd 12/06/2013 51,188 54,609
    Ralph Lauren Corp Dtd 08/09/2018 51,766 56,200
    Statoil Asa Gtd Nt Dtd 100,610 103,118
    Unilever Capital Corporation Dtd 100,794 100,384
    United Parcel Service Dtd 52,084 57,253
    Wells Fargo & Co Sr Nt Dtd 51,051 55,399
    Westpac Banking Corp Sr Flbl Nt 51,140 53,999
    Adobe Systems Incorporated 50,337 52,875
    Chevron Corp Dtd 05/11/2020 106,413 106,049
    Oracle Corp Sr Nt DTD 07/08/2014 51,144 54,728
    Visa Inc Dtd 106,631 106,428

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Frank E Duckwall Foundation
    EIN:
    59-6773462
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Microsoft Corp 22,254 161,255
    Paychex Inc 52,150 174,713
    Pepsico Inc 71,662 181,668
    United Parcel Service 67,660 151,560
    Cisco Systems Inc 144,684 138,501
    Exxon Mobil Corp    
    Pfizer Inc 122,704 139,878
    Southern Co    
    Chubb Limited Com    
    Medtronic plc Shs 123,496 169,853
    Lockheed Martin Corp 123,561 133,118
    Verizon Communications Inc 130,372 162,855
    Home Depot Inc 99,691 146,091
    McDonald's Corp 127,684 166,300
    Sysco Corp    
    Unilever PLC Sponsored ADR New    
    AFLAC INC 135,663 133,410
    JPMorgan Chase & Co Com 179,246 206,489
    Merck & Co Inc 101,601 134,970
    Waste Management Inc 103,547 145,879
    Prologis Inc 98,189 153,078
    Nextera Energy Inc 100,714 174,976
    Disney Walt Co Com    
    Kimberly-Clark Corp 104,668 121,347
    Tyson Foods Inc    
    Truist Finl Corp Com    
    US Bancorp 139,259 129,287
    Wells Fargo & Co    
    Johnson & Johnson 133,032 158,954
    Quest Diagnostics Inc    
    Illinois Tool Works Inc    
    Union Pacific Corp 102,746 127,014
    United Technologies Corp    
    Broadcom Inc Com    
    Nucor Corp    
    Mid-America Apartment Communities Inc 107,165 107,687
    Kinder Morgan Inc    
    Dominion Energy Inc    
    American Electric Power Co Inc. 136,082 154,050
    AT&T Inc 175,982 152,428
    V F Corp 95,793 130,250
    Coca-Cola Co 120,769 127,503
    Procter & Gamble Co 102,368 118,965
    Smucker J M Co 83,070 80,920
    Walmart Inc 129,666 154,961
    Chevron Corp Com 127,491 114,008
    Nasdaq Inc Com 109,410 111,502
    Bristol-Myers Squibb Co 109,483 107,002
    Unitedhealth Group Inc 139,403 140,272
    General Dynamics Corp 95,936 107,895
    3M Co 166,665 161,681
    Texas Instruments Inc 149,615 192,853
    Accenture PLC A 82,739 117,545
    Air Products & Chemicals Inc 125,073 122,949
    Realty Income Corp 111,281 124,340
    Xcel Energy Inc 93,643 96,666

    TY 2020 OtherAssetsSchedule
    Name:
    Frank E Duckwall Foundation
    EIN:
    59-6773462
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Artwork -Mann Wagnon Memorial Park on th 4,500 4,500 4,500


    TY 2020 OtherDecreasesSchedule
    Name:
    Frank E Duckwall Foundation
    EIN:
    59-6773462
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    2019 Tax Paid 212
    Estimated Tax Payments 11,200


    TY 2020 OtherExpensesSchedule
    Name:
    Frank E Duckwall Foundation
    EIN:
    59-6773462
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Expenses 12,088     12,088
    Dues 1,150     1,150
    Other Costs 218     218


    TY 2020 OtherIncreasesSchedule
    Name:
    Frank E Duckwall Foundation
    EIN:
    59-6773462
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    Book/Tax Differences 140


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Frank E Duckwall Foundation
    EIN:
    59-6773462
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Mgmt Fees 49,117 49,117 0 0