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
THE SALMON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 240005
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MEMPHIS, TN381240005
A Employer identification number

62-1219453
B Telephone number (see instructions)

(901) 761-9790
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$790,524J 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 2 2 2
4 Dividends and interest from securities... 2,783 2,783 2,783
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 57,833
b Gross sales price for all assets on line 6a 274,064
7 Capital gain net income (from Part IV, line 2)... 57,833
8 Net short-term capital gain......... 8,418
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........ 60,618 60,618 11,203
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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 750      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 222 222    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,431 6,411 6,411  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,403 6,633 6,411 0
25 Contributions, gifts, grants paid....... 39,000 39,000
26 Total expenses and disbursements. Add lines 24 and 25 46,403 6,633 6,411 39,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 14,215
b Net investment income (if negative, enter -0-) 53,985
c Adjusted net income (if negative, enter -0-)... 4,792
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......... 53,360 77,087 77,087
3 Accounts receivable bullet427
Less: allowance for doubtful accounts bullet     427 427
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)....... 444,428 Click to see attachment455,507 713,010
c Investments—corporate bonds (attach schedule).......      
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)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 497,788 533,021 790,524
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........ 497,788 533,021
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)..... 497,788 533,021
30 Total liabilities and net assets/fund balances (see instructions). 497,788 533,021
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
497,788
2
Enter amount from Part I, line 27a .....................
2
14,215
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
21,018
4
Add lines 1, 2, and 3 ..........................
4
533,021
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
533,021
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 MELROSE INDUSTRIES PLC P 2020-08-04 2020-11-12
b MELROSE INDUSTRIES PLC P 2020-08-04 2020-11-13
c ROLLS-ROYCE HOLDINGS PLC P 2020-01-31 2020-10-13
d ROLLS-ROYCE HOLDINGS PLC P 2020-02-04 2020-10-13
e ROLLS-ROYCE HOLDINGS PLC P 2020-02-06 2020-10-13
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2020-01-28 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2020-01-29 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2020-01-30 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2020-01-31 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2020-02-03 2020-11-30
A2 MILK CO LTD P 2020-06-30 2020-10-14
ARISTA NETWORKS INC P 2019-12-23 2020-10-13
ARISTA NETWORKS INC P 2019-12-26 2020-10-13
ARISTA NETWORKS INC P 2019-12-27 2020-10-13
BOOKING HOLDINGS INC P 2019-03-04 2020-03-02
CREDIT ACCEPTANCE CORP P 2019-12-04 2020-10-13
CREDIT ACCEPTANCE CORP P 2019-12-06 2020-10-13
WALT DISNEY CO P 2020-06-04 2020-10-13
FIDELITY NATL INFORMATION SVCS P 2020-07-23 2020-10-13
INTERCONTINENTAL EXCHANGE INC P 2020-09-08 2020-10-13
INTERCONTINENTAL EXCHANGE INC P 2020-09-09 2020-10-13
UNITEDHEALTH GROUP INC P 2020-07-14 2020-10-13
WAYFAIR INC P 2019-08-09 2020-04-20
WAYFAIR INC P 2019-08-13 2020-04-20
WAYFAIR INC P 2019-08-09 2020-04-21
WAYFAIR INC P 2019-08-12 2020-04-21
WAYFAIR INC P 2019-08-12 2020-04-23
WAYFAIR INC P 2019-08-12 2020-06-03
WAYFAIR INC P 2019-08-08 2020-06-04
WAYFAIR INC P 2019-08-12 2020-06-04
WAYFAIR INC P 2019-11-06 2020-06-05
WAYFAIR INC P 2019-08-08 2020-06-08
WAYFAIR INC P 2019-11-06 2020-06-08
WAYFAIR INC P 2019-11-06 2020-06-08
WAYFAIR INC P 2019-11-06 2020-06-08
WAYFAIR INC P 2019-11-06 2020-06-08
WAYFAIR INC P 2019-11-06 2020-06-08
WAYFAIR INC P 2019-11-06 2020-06-08
WAYFAIR INC P 2019-08-14 2020-06-09
WAYFAIR INC P 2019-08-14 2020-06-22
WAYFAIR INC P 2019-08-14 2020-06-23
WAYFAIR INC P 2019-08-14 2020-06-24
WAYFAIR INC P 2019-08-14 2020-06-25
WAYFAIR INC P 2019-08-19 2020-08-17
WAYFAIR INC P 2019-08-20 2020-08-17
EUROFINS SCIENTIFIC P 2019-06-24 2020-10-13
VIVIDENDI P 2019-03-08 2020-09-29
VIVIDENDI P 2018-02-15 2020-09-30
VIVIDENDI P 2019-03-08 2020-09-30
VIVIDENDI P 2019-07-17 2020-09-30
VIVIDENDI P 2018-02-15 2020-10-01
VIVIDENDI P 2018-02-06 2020-10-02
VIVIDENDI P 2018-02-15 2020-10-02
VIVIDENDI P 2018-02-06 2020-10-13
HISCOX LTD P 2017-03-17 2020-10-13
HISCOX LTD P 2017-03-23 2020-10-13
HISCOX LTD P 2017-03-24 2020-10-13
HISCOX LTD P 2017-03-29 2020-10-13
HISCOX LTD P 2017-03-30 2020-10-13
HISCOX LTD P 2018-09-06 2020-10-13
HISCOX LTD P 2016-04-29 2020-12-01
HISCOX LTD P 2017-03-17 2020-12-01
HISCOX LTD P 2016-04-29 2020-12-02
HISCOX LTD P 2016-04-29 2020-12-03
HISCOX LTD P 2016-04-29 2020-12-04
HISCOX LTD P 2016-04-29 2020-12-07
HISCOX LTD P 2016-04-29 2020-12-08
HISCOX LTD P 2016-04-29 2020-12-11
HISCOX LTD P 2016-04-29 2020-12-14
HISCOX LTD P 2016-04-29 2020-12-16
HISCOX LTD P 2016-04-29 2020-12-17
HISCOX LTD P 2016-04-29 2020-12-18
HISCOX LTD P 2016-04-29 2020-12-23
HISCOX LTD P 2016-04-29 2020-12-24
HISCOX LTD P 2016-04-29 2020-12-29
HISCOX LTD P 2016-04-29 2020-12-30
HISCOX LTD P 2016-04-29 2020-12-31
MELROSE INDUSTRIES PLC P 2018-11-15 2020-10-13
MELROSE INDUSTRIES PLC P 2018-11-23 2020-10-13
MELROSE INDUSTRIES PLC P 2018-11-28 2020-10-13
MELROSE INDUSTRIES PLC P 2019-03-05 2020-10-13
MELROSE INDUSTRIES PLC P 2019-03-06 2020-10-13
MELROSE INDUSTRIES PLC P 2018-11-01 2020-11-03
MELROSE INDUSTRIES PLC P 2018-11-01 2020-11-04
MELROSE INDUSTRIES PLC P 2018-11-07 2020-11-04
MELROSE INDUSTRIES PLC P 2018-11-22 2020-11-04
MELROSE INDUSTRIES PLC P 2018-11-30 2020-11-04
MELROSE INDUSTRIES PLC P 2018-11-07 2020-11-05
MELROSE INDUSTRIES PLC P 2018-11-13 2020-11-05
MELROSE INDUSTRIES PLC P 2018-11-01 2020-11-03
MELROSE INDUSTRIES PLC P 2018-11-01 2020-10-13
MELROSE INDUSTRIES PLC P 2018-11-05 2020-11-06
MELROSE INDUSTRIES PLC P 2018-11-13 2020-11-06
MELROSE INDUSTRIES PLC P 2018-11-16 2020-11-06
MELROSE INDUSTRIES PLC P 2018-10-19 2020-11-09
MELROSE INDUSTRIES PLC P 2018-11-06 2020-11-09
MELROSE INDUSTRIES PLC P 2018-11-09 2020-11-09
MELROSE INDUSTRIES PLC P 2018-11-16 2020-11-09
MELROSE INDUSTRIES PLC P 2018-11-19 2020-11-09
MELROSE INDUSTRIES PLC P 2018-11-21 2020-11-09
MELROSE INDUSTRIES PLC P 2018-10-19 2020-11-10
MELROSE INDUSTRIES PLC P 2018-10-31 2020-11-10
MELROSE INDUSTRIES PLC P 2018-11-12 2020-11-10
MELROSE INDUSTRIES PLC P 2018-11-20 2020-11-10
MELROSE INDUSTRIES PLC P 2019-01-15 2020-11-10
MELROSE INDUSTRIES PLC P 2018-10-30 2020-11-11
MELROSE INDUSTRIES PLC P 2018-11-12 2020-11-11
MELROSE INDUSTRIES PLC P 2018-10-30 2020-11-12
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2015-08-11 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2015-08-12 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2015-08-13 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2015-08-25 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2015-09-01 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2015-09-04 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2015-09-07 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2015-09-08 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2015-09-10 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2015-09-11 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2015-09-14 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2016-06-27 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2016-09-01 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2016-12-12 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2017-05-02 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2017-06-01 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2017-08-31 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2018-04-26 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2019-07-17 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2019-08-13 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2019-08-14 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2019-08-15 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2019-08-16 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2019-08-19 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2019-08-20 2020-11-30
ROLLS-ROYCE HOLDINGS PLC RIGHTS P 2019-08-21 2020-11-30
NASPERS LIMITED P 2018-01-23 2020-02-28
NASPERS LIMITED P 2018-01-24 2020-02-28
NASPERS LIMITED P 2018-01-23 2020-03-02
NASPERS LIMITED P 2018-01-26 2020-03-02
NASPERS LIMITED P 2018-01-26 2020-03-03
NASPERS LIMITED P 2018-01-26 2020-03-04
NASPERS LIMITED P 2018-01-22 2020-03-05
NASPERS LIMITED P 2018-01-22 2020-03-06
NASPERS LIMITED P 2018-01-25 2020-03-06
NASPERS LIMITED P 2018-01-25 2020-03-09
NASPERS LIMITED P 2018-01-25 2020-03-10
NASPERS LIMITED P 2018-01-25 2020-03-11
NASPERS LIMITED P 2018-01-25 2020-03-12
NASPERS LIMITED P 2018-01-29 2020-03-13
NASPERS LIMITED P 2018-01-29 2020-03-16
NASPERS LIMITED P 2018-01-29 2020-03-17
NASPERS LIMITED P 2018-01-29 2020-03-18
NASPERS LIMITED P 2018-01-19 2020-03-26
NASPERS LIMITED P 2018-01-29 2020-03-26
NASPERS LIMITED P 2018-01-19 2020-04-16
NASPERS LIMITED P 2018-01-18 2020-04-29
NASPERS LIMITED P 2018-01-18 2020-04-30
NASPERS LIMITED P 2018-01-18 2020-10-13
NASPERS LIMITED P 2018-02-06 2020-10-13
NASPERS LIMITED P 2018-02-07 2020-10-13
ALPHABET INC P 2018-02-09 2020-01-27
ALPHABET INC P 2018-02-09 2020-01-28
ALPHABET INC P 2018-02-09 2020-03-11
ALPHABET INC P 2017-05-31 2020-04-09
ALPHABET INC P 2017-09-26 2020-07-20
ALPHABET INC P 2017-09-26 2020-10-13
ALPHABET INC P 2016-10-14 2020-10-26
ALPHABET INC P 2016-08-31 2020-10-27
AMAZON.COM INC P 2017-10-09 2020-03-20
AMAZON.COM INC P 2017-10-09 2020-03-23
AMAZON.COM INC P 2016-11-11 2020-07-13
BERKSHIRE HATHAWAY INC P 2016-10-14 2020-02-12
BERKSHIRE HATHAWAY INC P 2016-06-27 2020-03-17
BERKSHIRE HATHAWAY INC P 2016-06-27 2020-03-18
BERKSHIRE HATHAWAY INC P 2016-06-27 2020-04-09
BERKSHIRE HATHAWAY INC P 2016-06-27 2020-04-13
BERKSHIRE HATHAWAY INC P 2016-06-27 2020-04-14
BERKSHIRE HATHAWAY INC P 2016-06-27 2020-10-13
BOOKING HOLDINGS INC P 2017-06-19 2020-03-03
BOOKING HOLDINGS INC P 2017-03-09 2020-04-09
BOOKING HOLDINGS INC P 2017-03-08 2020-05-04
BOOKING HOLDINGS INC P 2017-03-07 2020-05-05
BOOKING HOLDINGS INC P 2017-05-28 2020-05-06
CARMAX INC P 2018-02-23 2020-04-09
CARMAX INC P 2019-03-06 2020-04-13
CARMAX INC P 2018-03-07 2020-04-14
CARMAX INC P 2018-03-05 2020-04-17
CARMAX INC P 2016-06-02 2020-04-20
CARMAX INC P 2016-06-03 2020-10-13
CONSTELLATION SOFTWARE INC P 2016-06-28 2020-04-13
CONSTELLATION SOFTWARE INC P 2016-01-28 2020-10-13
CONSTELLATION SOFTWARE INC P 2016-01-28 2020-11-03
CONSTELLATION SOFTWARE INC P 2016-01-28 2020-11-04
CREDIT ACCEPTANCE CORP P 2019-03-16 2020-08-03
FACEBOOK INC P 2019-07-16 2020-10-13
JACOBS ENGINEERING GROUP INC P 2018-11-26 2020-01-27
JACOBS ENGINEERING GROUP INC P 2018-11-26 2020-01-28
JACOBS ENGINEERING GROUP INC P 2018-11-27 2020-01-29
JACOBS ENGINEERING GROUP INC P 2018-05-23 2020-01-30
JACOBS ENGINEERING GROUP INC P 2018-05-23 2020-01-31
JACOBS ENGINEERING GROUP INC P 2019-03-04 2020-03-05
JACOBS ENGINEERING GROUP INC P 2018-05-14 2020-03-06
JACOBS ENGINEERING GROUP INC P 2018-05-15 2020-03-09
JACOBS ENGINEERING GROUP INC P 2014-05-06 2020-10-13
LIBERTY BROADBAND CORP SER A P 2018-03-20 2020-10-13
LIBERTY BROADBAND CORP SER C P 2018-03-20 2020-01-27
LIBERTY BROADBAND CORP SER C P 2018-03-20 2020-01-28
LIBERTY BROADBAND CORP SER C P 2018-03-20 2020-01-30
LIBERTY BROADBAND CORP SER C P 2018-03-01 2020-03-05
LIBERTY BROADBAND CORP SER C P 2018-03-01 2020-03-06
LIBERTY BROADBAND CORP SER C P 2018-03-02 2020-03-09
LIBERTY BROADBAND CORP SER C P 2018-03-02 2020-10-13
LIBERTY BROADBAND CORP SER C P 2019-03-04 2020-10-13
MASTERCARD INC P 2016-06-27 2020-01-27
MASTERCARD INC P 2016-06-27 2020-01-28
MASTERCARD INC P 2016-06-27 2020-04-09
MASTERCARD INC P 2016-06-27 2020-04-13
MASTERCARD INC P 2016-06-27 2020-10-13
CHARLES SCHWAB CORP P 2019-03-04 2020-04-09
CHARLES SCHWAB CORP P 2017-05-31 2020-04-13
CHARLES SCHWAB CORP P 2017-05-31 2020-04-14
CHARLES SCHWAB CORP P 2016-05-10 2020-10-13
TAIWAN SEMICONDUCTOR MFG CO P 2019-10-09 2020-10-13
WAYFAIR INC P 2019-08-14 2020-08-17
WAYFAIR INC P 2019-08-20 2020-10-13
WAYFAIR INC P 2019-11-08 2020-12-17
WAYFAIR INC P 2019-11-08 2020-12-18
WAYFAIR INC P 2019-11-08 2020-12-22
(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 350   227 123
b 461   300 161
c 125   463  
d 24   90  
e 235   889  
216   487 -271
216   495 -279
117   276 -159
97   229 -132
79   185 -106
1,125   1,356 -231
450   410 40
450   409 41
900   818 82
1,688   1,698  
694   871  
347   440  
1,308   1,235 73
1,029   1,022 7
206   198 8
1,028   1,015 13
2,319   2,136 183
1,222   1,492 -270
404   497 -93
409   496 -87
720   868 -148
813   992 -179
1,635   1,116 519
368   246 122
1,454   991 463
524   369 155
175   123 52
698   492 206
349   246 103
175   123 52
175   122 53
350   245 105
175   122 53
522   347 175
3,847   2,081 1,766
5,077   2,771 2,306
2,630   1,499 1,131
400   231 169
2,823   1,012 1,811
626   225 401
2,476   1,229 1,247
783   808 -25
280   277 3
84   87 -3
644   648 -4
560   553 7
279   274 5
111   110 1
1,527   1,426 101
133   161 -28
244   304 -60
67   82 -15
78   96 -18
100   124 -24
55   110 -55
905   825 80
59   54 5
363   346 17
338   319 19
198   186 12
124   120 4
82   80 2
185   186 -1
200   200  
256   253 3
830   811 19
1,269   1,250 19
216   213 3
41   40 1
408   399 9
742   718 24
27   27  
74   104 -30
15   21 -6
92   129 -37
70   102 -32
79   115 -36
157   219 -62
18   25 -7
3   5 -2
54   76 -22
163   227 -64
212   289 -77
74   100 -26
284   394 -110
184   258 -74
328   449 -121
325   444 -119
120   162 -42
2,311   2,701 -390
643   763 -120
556   666 -110
214   259 -45
492   587 -95
405   486 -81
323   351 -28
788   849 -61
145   155 -10
914   991 -77
251   272 -21
257   270 -13
544   596 -52
428   460 -32
209   696 -487
573   1,908 -1,335
583   1,942 -1,359
234   710 -476
127   378 -251
148   435 -287
53   158 -105
48   144 -96
69   206 -137
71   213 -142
71   212 -141
636   1,462 -826
509   1,391 -882
382   860 -478
484   1,370 -886
255   772 -517
191   601 -410
140   441 -301
92   266 -174
293   696 -403
514   1,253 -739
354   864 -510
277   682 -405
107   265 -158
143   357 -214
79   201 -122
1,065   2,180 -1,115
456   935 -479
314   623 -309
942   1,860 -918
643   1,240 -597
160   310 -150
481   930 -449
312   620 -308
156   307 -151
295   614 -319
775   1,537 -762
768   1,537 -769
840   1,844 -1,004
140   305 -165
120   305 -185
240   610 -370
228   610 -382
149   305 -156
149   305 -156
148   305 -157
159   304 -145
158   304 -146
753   1,215 -462
753   1,017 -264
753   1,029 -276
1,434   1,011 423
1,448   1,011 437
2,459   2,023 436
9,690   7,568 2,122
6,249   4,160 2,089
3,148   1,852 1,296
15,889   8,757 7,132
6,362   3,065 3,297
1,865   991 874
1,853   991 862
23,160   6,172 16,988
5,467   3,455 2,012
9,737   7,484 2,253
5,159   4,003 1,156
1,357   966 391
1,322   966 356
193   138 55
1,923   1,242 681
3,371   3,698  
5,730   7,094 -616
4,236   5,226 -990
4,255   4,796 -541
2,755   2,805 -50
1,355   1,229 126
383   367 16
1,103   1,029 74
4,189   3,920 269
2,393   2,006 387
2,472   1,337 1,135
921   384 537
2,333   698 1,635
3,317   1,047 2,270
1,140   349 791
479   449 30
2,220   1,631 589
671   455 216
951   648 303
855   583 272
1,036   696 340
279   189 90
388   296 92
1,119   764 355
1,145   793 352
1,708   982 726
449   259 190
390   262 128
1,303   873 430
635   436 199
383   261 122
1,103   779 324
351   258 93
1,355   775 580
1,307   1,184 123
1,898   536 1,362
1,276   358 918
4,607   2,613 1,994
782   268 514
1,394   358 1,036
2,389   2,971 -582
1,579   1,826 -247
213   230 -17
1,444   1,187 257
2,239   1,216 1,023
8,466   3,093 5,373
2,144   787 1,357
6,303   1,854 4,449
858   252 606
856   252 604
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       123
b       161
c        
d        
e        
      -271
      -279
      -159
      -132
      -106
      -231
      40
      41
      82
       
       
       
      73
      7
      8
      13
      183
      -270
      -93
      -87
      -148
      -179
      519
      122
      463
      155
      52
      206
      103
      52
      53
      105
      53
      175
      1,766
      2,306
      1,131
      169
      1,811
      401
      1,247
      -25
      3
      -3
      -4
      7
      5
      1
      101
      -28
      -60
      -15
      -18
      -24
      -55
      80
      5
      17
      19
      12
      4
      2
      -1
       
      3
      19
      19
      3
      1
      9
      24
       
      -30
      -6
      -37
      -32
      -36
      -62
      -7
      -2
      -22
      -64
      -77
      -26
      -110
      -74
      -121
      -119
      -42
      -390
      -120
      -110
      -45
      -95
      -81
      -28
      -61
      -10
      -77
      -21
      -13
      -52
      -32
      -487
      -1,335
      -1,359
      -476
      -251
      -287
      -105
      -96
      -137
      -142
      -141
      -826
      -882
      -478
      -886
      -517
      -410
      -301
      -174
      -403
      -739
      -510
      -405
      -158
      -214
      -122
      -1,115
      -479
      -309
      -918
      -597
      -150
      -449
      -308
      -151
      -319
      -762
      -769
      -1,004
      -165
      -185
      -370
      -382
      -156
      -156
      -157
      -145
      -146
      -462
      -264
      -276
      423
      437
      436
      2,122
      2,089
      1,296
      7,132
      3,297
      874
      862
      16,988
      2,012
      2,253
      1,156
      391
      356
      55
      681
       
      -616
      -990
      -541
      -50
      126
      16
      74
      269
      387
      1,135
      537
      1,635
      2,270
      791
      30
      589
      216
      303
      272
      340
      90
      92
      355
      352
      726
      190
      128
      430
      199
      122
      324
      93
      580
      123
      1,362
      918
      1,994
      514
      1,036
      -582
      -247
      -17
      257
      1,023
      5,373
      1,357
      4,449
      606
      604
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 57,833
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 8,418
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................................ 1 750
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........................... 3 750
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- ..... 5 750
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 510
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.............. Part VI Line 7 - Tax Paid with the Original Return: 510 7 510
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 9 240
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
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 .Click to see attachment
    8b
     
    No
    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 ofbulletJOHN L SALMON Telephone no.bullet (901) 761-9790

    Located atbullet5350 POPLAR AVENUE SUITE 395MEMPHISTN ZIP+4bullet38119
    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
     
     
    ........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
    JOHN L SALMON PRESIDENT
    000.00     		0    
    P O BOX 240005
    MEMPHIS,TN381240005
    MADELEINE S NEWKIRK SECRETARY
    000.00     		0    
    P O BOX 240005
    MEMPHIS,TN381240005
    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
     
    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 NONE 0
    2 NONE 0
    3 NONE 0
    4 NONE 0
    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 NONE  
    2 NONE  
    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
    626,657
    b
    Average of monthly cash balances.......................
    1b
    77,086
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    703,743
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    703,743
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    10,556
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    693,187
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    34,659
    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
    34,659
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    750
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    750
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    33,909
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    33,909
    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
    33,909
    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 Click to see attachment..........
    1a
    39,000
    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
    39,000
    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
    39,000
    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 33,909
    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...... 4,181
    b From 2016...... 10,066
    c From 2017...... 9,319
    d From 2018...... 7,819
    e From 2019...... 7,272
    fTotal of lines 3a through e........ 38,657
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 39,000
    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)........     		 
    d Applied to 2020 distributable amount..... 33,909
    e Remaining amount distributed out of corpus 5,091
    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 43,748
    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) ...     		4,181
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		39,567
    10 Analysis of line 9:
    a Excess from 2016.... 10,066
    b Excess from 2017.... 9,319
    c Excess from 2018.... 7,819
    d Excess from 2019.... 7,272
    e Excess from 2020.... 5,091
    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
    UNITED WAY OF THE MID-SOUTH
    105 TILLMAN STREET
    MEMPHIS,TN38112     		    COMMUNITY SERVICES 18,000
    DIXON GALLERY AND GARDENS
    4339 PARK AVENUE
    MEMPHIS,TN38117     		    SUPPORT MUSEUM 750
    ARTSMEMPHIS
    575 SOUTH MENDENHALL ROAD
    MEMPHIS,TN38117     		    PROMOTE THE ARTS 500
    EPISCOPAL RELIEF AND DEVELOPMENT
    815 SECOND AVENUE
    NEW YORK,NY10017     		    EMERGENCY AID 5,000
    CHURCH HEALTH CENTER
    1350 CONCOURSE AVENUE
    MEMPHIS,TN38104     		    HEALTH SERVICES 3,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    332 NORTH LAUDERDALE
    MEMPHIS,TN38105     		    CHILDRENS HOSPITAL 3,000
    METROPOLITAN INTER-FAITH ASSOCIATION
    910 VANCE AVENUE
    MEMPHIS,TN38126     		    COMMUNITY SERVICES 8,000
    MADONNA LEARNING CENTER
    7007 POPLAR AVENUE
    GERMANTOWN,TN38138     		    SPECIAL NEEDS INDIVIDUALS 500
    EMMANUEL EPISCOPAL CENTER
    604 ST PAUL AVENUE
    MEMPHIS,TN38126     		    INNER CITY YOUTH 250
    Total .................................bullet 3a 39,000
    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 2  
    4 Dividends and interest from securities....     14 2,783  
    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 57,833  
    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)..   60,618  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    60,618
    (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: 20011406
    Software Version: 20.0.2.0
    Part VI Line 7 - Tax Paid with the Original Return: 510


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE SALMON FOUNDATION
    EIN:
    62-1219453
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RICHARD J. FOSTER, CPA 750      

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    THE SALMON FOUNDATION
    EIN:
    62-1219453
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount
    NONE  

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    THE SALMON FOUNDATION
    EIN:
    62-1219453
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Statement:
    THE ORGANIZATION HAS NOT FURNISHED A COPY OF FORM 990-PF TO THE ATTORNEY GENERAL OF THE STATE OF TENNESSEE BECAUSE A COPY IS NOT REQUIRED NOR ACCEPTED BY THE STATE OF TENNESSEE.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE SALMON FOUNDATION
    EIN:
    62-1219453
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    111 shares of ARISTA NETWORKS INC 21,665 32,253
    2097 shares of A2 MILK CO LTD 16,060 18,524
    26 shares of ALPHABET INC 14,449 45,549
    164 shares of WALT DISNEY CO 19,698 29,714
    133 shares of BERKSHIRE HATHAWAY INC 18,293 30,839
    115 shares of FIDELITY NATL INFORMATION SVCS INC 16,530 16,268
    96 shares of CREDIT ACCEPTANCE CORP 26,180 33,229
    5 shares of LIBERTY MEDIA CORP SER A 145 190
    76 shares of MASTERCARD INC 6,794 27,127
    13 shares of NASPERS LTD N SHARES 3,216 2,673
    553 shares of CHARLES SCHWAB CORP 16,505 29,331
    909 shares of VIVENDI 22,722 29,336
    24 shares of CONSTELLATION SOFTWARE INC 8,295 31,143
    378 shares of CARMAX INC 18,847 35,706
    12540 shares of ROLLS-ROYCE HOLDINGS PLC 42,908 19,067
    639 shares of LIBERTY MEDIA CORP SER C 20,011 27,221
    207 shares of INTERCONTINENTAL EXCHANGE INC 19,892 23,865
    47 shares of LIBERTY BROADBAND CORP SER A 3,925 7,406
    234 shares of JACOBS ENGINEERING GROUP INC 11,696 25,497
    134 shares of LIBERTY BROADBANK CORP SER C 10,813 21,222
    221 shares of PROSUS NV 16,385 23,890
    390 shares of TAIWAN SEMICONDUCTOR MFG 19,567 42,526
    532 shares of HISCOX LTD 5,713 7,227
    108 shares of UNITEDHEALTH GROUP INC 29,266 37,873
    42 shares of NETFLIX INC 20,405 22,711
    133 shares of FACEBOOK INC 22,324 36,330
    380 shares of EUROFINS SCIENTIFIC 15,852 31,906
    108 shares of WAYFAIR INC 7,351 24,387

    TY 2020 OtherExpensesSchedule
    Name:
    THE SALMON FOUNDATION
    EIN:
    62-1219453
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 6,314 6,314 6,314  
    ANNUAL REPORT FILING FEE 20      
    FOREIGN CUSTODY FEES 97 97 97  


    TY 2020 OtherIncreasesSchedule
    Name:
    THE SALMON FOUNDATION
    EIN:
    62-1219453
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Amount
    ADJUST COST BASIS TO ACTUAL 21,018


    TY 2020 TaxesSchedule
    Name:
    THE SALMON FOUNDATION
    EIN:
    62-1219453
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 222 222