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 07-01-2020 , and ending 06-30-2021
Name of foundation
HILL CREST FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 530507
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MOUNTAIN BROOK, AL35253
A Employer identification number

63-0516927
B Telephone number (see instructions)

(205) 870-0400
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$64,451,447J Accounting method:
SEE STATEMENT
(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      
4 Dividends and interest from securities... 1,487,233 1,487,233  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,555,455
b Gross sales price for all assets on line 6a 1,579,056
7 Capital gain net income (from Part IV, line 2)... 1,555,455
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........ 3,042,688 3,042,688  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000 30,000   30,000
14 Other employee salaries and wages...... 54,632 27,316   27,316
15 Pension plans, employee benefits....... 8,518 4,259   4,259
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 14,465 7,232   7,233
c Other professional fees (attach schedule).... Click to see attachment 324,523 324,523   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 42,370 42,370   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,308 654   654
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 19,959 17,479   2,480
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 525,775 453,833   71,942
25 Contributions, gifts, grants paid....... 2,393,550 2,393,550
26 Total expenses and disbursements. Add lines 24 and 25 2,919,325 453,833   2,465,492
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 123,363
b Net investment income (if negative, enter -0-) 2,588,855
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......... 57,140 72,605 72,605
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) 1,588,321 Click to see attachment1,719,821 1,719,821
b Investments—corporate stock (attach schedule)....... 46,067,773 Click to see attachment62,659,021 62,659,021
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) 47,713,234 64,451,447 64,451,447
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 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........... 47,713,234 64,451,447
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    
29 Total net assets or fund balances (see instructions)..... 47,713,234 64,451,447
30 Total liabilities and net assets/fund balances (see instructions). 47,713,234 64,451,447
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
47,713,234
2
Enter amount from Part I, line 27a .....................
2
123,363
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
16,614,850
4
Add lines 1, 2, and 3 ..........................
4
64,451,447
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
64,451,447
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 DEERE & CO COM P   2021-02-11
b
c
d
e
(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 1,579,056   23,601 1,555,455
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,555,455
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,555,455
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 35,985
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 35,985
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 35,985
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 34,292
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 34,292
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 37
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,730
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
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletAL
    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 ofbulletCHARLES TERRY JR Telephone no.bullet (205) 870-0400

    Located atbulletPO BOX 530507MOUNTAIN BROOKAL ZIP+4bullet35253
    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
    CHARLES R TERRY JR TRUSTEE/CHAIRMAN
    20.00     		60,000 0 0
    PO BOX 530507
    BIRMINGHAM,AL35253
    DOUGLAS D EDDLEMAN TRUSTEE
    1.00     		0 0 0
    2700 HIGHWAY 280 SUITE 425
    BIRMINGHAM,AL35223
    MARVIN B CLEAGE TRUSTEE
    1.00     		0 0 0
    PO BOX 131396
    BIRMINGHAM,AL35213
    ELIZABETH H BAKER TRUSTEE
    1.00     		0 0 0
    3005 CANTERBURY LANE
    BIRMINGHAM,AL35223
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    BIRMINGHAM CAPITAL MANAGEMENT COMPANY INC INVESTMENT SERVICES 324,523
    2 PERIMETER PARK SOUTH
    BIRMINGHAM,AL35243
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 HILL CREST FOUNDATION DOES NOT ACTIVELY CONDUCT ITS OWN CHARITABLE ACTIVITIES. ITS SOLE FUNCTION IS TO PROVIDE GRANTS TO OTHER CHARITABLE ORGANIZATIONS. 0
    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.........................bullet0
    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
    59,645,944
    b
    Average of monthly cash balances.......................
    1b
    79,741
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    59,725,685
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    59,725,685
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    895,885
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    58,829,800
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,941,490
    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
    2,941,490
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    35,985
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    35,985
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,905,505
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,905,505
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,905,505
    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
    2,465,492
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    2,465,492
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,465,492
    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 2,905,505
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 2,375,983
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,465,492
    a Applied to 2019, but not more than line 2a 2,375,983
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 89,509
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		2,815,996
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CHARLES R TERRY JR
    PO BOX 530507
    MOUNTAIN BROOK,AL35253
    (205) 870-0400
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS SHOULD BE IN WRITTEN FORM AND INCLUDE INFORMATION REGARDING THE PURPOSE OF THE APPLICATION AND THE ENTITY MAKING THE APPLICATION.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ALL GRANTS ARE MADE ONLY TO TAX-EXEMPT ORGANIZATIONS. MOST BENEFICIARIES HAVE PROGRAMS WITHIN THE STATE OF ALABAMA.
    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
    ALABAMA BALLET
    2726 1ST AVENUE SOUTH
    BIRMINGHAM,AL35233     		NONE PC SUPPORT 10,000
    ALABAMA GIVING
    PO BOX 530727
    BIRMINGHAM,AL352530727     		NONE PC SUPPORT 800
    ALABAMA HEAD INJURY FOUNDATION
    500 CHASE PARK SOUTH STE 130
    HOOVER,AL35244     		NONE PC SUPPORT 8,550
    ALABAMA KIDNEY FOUNDATION
    265 RIVERCHASE PKWY E STE 106
    HOOVER,AL35244     		NONE PC SUPPORT 40,000
    ALABAMA SHAKESPEARE FESTIVAL
    1 FESTIVAL DRIVE
    MONTGOMERY,AL36117     		NONE PC SUPPORT 25,000
    ALABAMA SYMPHONY ORCHESTRA
    3621 6TH AVE S
    BIRMINGHAM,AL35222     		NONE PC SUPPORT 100,000
    ALAQUEST COLLABORATIVE FOR EDUCATION
    PO BOX 550241
    BIRMINGHAM,AL35255     		NONE PC SUPPORT 5,000
    ALBERT SCHWEITZER FELLOWSHIP OF ALABAMA
    PO BOX 660412
    BIRMINGHAM,AL35266     		NONE PC SUPPORT 20,000
    ALS ASSOCIATION ALABAMA CHAPTER
    300 CAHABA PARK CIRCLE STE 209
    BIRMINGHAM,AL35242     		NONE PC SUPPORT 5,000
    ALZHEIMER'S OF CENTRAL ALABAMA
    POBOX 2273
    BIRMINGHAM,AL35201     		NONE PC SUPPORT 7,200
    AMERICAN BASEBALL FOUNDATION
    833 ST VINCENTS DRIVE SUITE 205A
    BIRMINGHAM,AL35205     		NONE PC SUPPORT 20,000
    AMERICAN CANCER SOCIETY
    250 WILLIAMS ST NW
    ATLANTA,GA30303     		NONE PC SUPPORT 15,000
    ANGEL FLIGHT SOARS INC
    2000 AIRPORT ROAD SUITE 227
    ATLANTA,GA30341     		NONE PC SUPPORT 2,500
    ARTHRITIS FOUNDATION
    3800 COLONNADE PKWY 140
    BIRMINGHAM,AL35243     		NONE PC SUPPORT 5,000
    ATEAM MINISTRIES
    1809 OXMOOR ROAD
    HOMEWOOD,AL35209     		NONE PC SUPPORT 2,500
    AUBURN UNIVERSITY
    317 SOUTH COLLEGE STREET
    AUBURN,AL36849     		NONE PC SUPPORT 100,000
    AUTISM 2 ABILITY
    14 MIDTOWN PARK E
    MOBILE,AL36606     		NONE PC SUPPORT 5,000
    BANKS ACADEMY
    8301 8TH AVE S
    BIRMINGHAM,AL35206     		NONE PC SUPPORT 25,000
    BELL CENTER FOR EARLY INTERVENTION PROGRAMS
    1700 29TH CT S
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 20,000
    BESSEMER HALL OF HISTORY
    1905 ALABAMA AVE
    BESSEMER,AL35020     		NONE PC SUPPORT 5,000
    BETTER BASICS
    1231 2ND AVENUE SOUTH
    BIRMINGHAM,AL35233     		NONE PC SUPPORT 20,000
    BIRMINGHAM BOTANICAL GARDENS
    2612 LANE PARK RD
    BIRMINGHAM,AL35223     		NONE PC SUPPORT 15,000
    BIRMINGHAM LANDMARKS INC
    1817 3RD AVE N
    BIRMINGHAM,AL35203     		NONE PC SUPPORT 25,000
    BOY SCOUTS OF AMERICA BLACK WARRIOR COUNCIL
    2700 JACK WARNER PARKWAY NE
    TUSCALOOSA,AL35403     		NONE PC SUPPORT 5,000
    BREAST CANCER RESEARCH FOUNDATION
    1802 6TH AVENUE SOUTH SUITE NP 2519
    BIRMINGHAM,AL352940112     		NONE PC SUPPORT 15,000
    BROTHER BRYAN MISSION OF BIRMINGHAM
    1616 2ND AVE N
    BIRMINGHAM,AL35203     		NONE PC SUPPORT 15,000
    CAHABA RIVER SOCIETY
    2717 7TH AVE STE 205
    BIRMINGHAM,AL35233     		NONE PC SUPPORT 5,000
    CAHABA RIVERKEEPER
    4650 OLD LOONEY MILL RD
    BIRMINGHAM,AL35243     		NONE PC SUPPORT 5,000
    CAHABA VALLEY HEALTH CARE
    1515 6TH AVE S
    BIRMINGHAM,AL35233     		NONE PC SUPPORT 30,000
    CAMP BRIDGES FOUNDATION
    1600 7TH AVENUE SOUTH ACC 516
    BIRMINGHAM,AL35233     		NONE PC SUPPORT 20,000
    CAMP SMILE-A-MILE
    1600 2ND AVENUE SOUTH
    BIRMINGHAM,AL35233     		NONE PC SUPPORT 15,000
    CAMPFIRE USA CENTRAL ALABAMA COUNCIL
    120 OXMOOR BLVD STE 110
    HOMEWOOD,AL35209     		NONE PC SUPPORT 10,000
    CANCER WELLNESS FOUNDATION OF CENTRAL ALABAMA
    4145 CARMICHAEL RD
    MONTGOMERY,AL36106     		NONE PC SUPPORT 5,000
    CATHOLIC FAMILY SERVICES
    1515 12TH AVENUE SOUTH
    BIRMINGHAM,AL35205     		NONE PC SUPPORT 15,000
    CENTER FOR EXECUTIVE LEADERSHIP
    200 UNION HILL DR STE 200
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 35,000
    CHILDRENS HARBOR INC
    1 OUR CHILDRENS HWY
    ALEXANDER CITY,AL35010     		NONE PC SUPPORT 30,000
    CHILDREN'S HOSPITAL OF ALABAMA
    1600 7TH AVENUE SOUTH
    BIRMINGHAM,AL35233     		NONE PC SUPPORT 100,000
    COLLAT JEWISH FAMILY SERVICES
    3940 MONTCLAIR ROAD SUITE 205
    BIRMINGHAM,AL35213     		NONE PC SUPPORT 10,000
    COMMUNITY GRIEF SUPPORT
    1119 OXMOOR ROAD
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 40,000
    CORNERSTONE SCHOOLS OF ALABAMA
    118 55TH ST N
    BIRMINGHAM,AL35212     		NONE PC SUPPORT 50,000
    CROHNS AND COLITIS FOUNDATION OF AMERICA
    PO BOX 59486
    BIRMINGHAM,AL35259     		NONE PC SUPPORT 15,000
    EAST LAKE INITIATIVE
    6525 1ST AVE N
    BIRMINGHAM,AL35206     		NONE PC SUPPORT 10,000
    FAMILY COUNSELING SERVICE OF TUSCALOOSA COUNTY AL INC
    2020 PAUL W BRYANT DRIVE
    TUSCALOOSA,AL35401     		NONE PC SUPPORT 5,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    PO BOX 230685
    MONTGOMERY,AL36123     		NONE PC SUPPORT 20,000
    FOUNDRY MINISTRIES
    2000B SOUTHBRIDGE PKWY STE 200
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 50,000
    FREEDOM SOURCE INC
    2000B SOUTHBRIDGE PKWY STE 200
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 25,000
    GIRLS INC OF CENTRAL ALABAMA
    5130 8TH CT S
    BIRMINGHAM,AL35212     		NONE PC SUPPORT 15,000
    HABITAT FOR HUMANITY GREATER BIRMINGHAM
    4408 LLOYD NOLAND PARKWAY
    FAIRFIELD,AL35064     		NONE PC SUPPORT 25,000
    HEART GALLERY ALABAMA
    3100 INDEPENDENCE DR STE 200
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 5,000
    IMPACT AMERICA-ALABAMA
    601 BEACON PKWY W 102
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 10,000
    IS-ABLE CENTER
    244 W VALLEY AVE 206
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 4,000
    JONES VALLEY TEACHING FARM
    701 25TH ST N
    BIRMINGHAM,AL35203     		NONE PC SUPPORT 30,000
    JUNIOR LEAGUE OF BIRMINGHAM
    2212 TWENTIETH AVENUE SOUTH
    BIRMINGHAM,AL35223     		NONE PC SUPPORT 10,000
    KID ONE TRANSPORT
    PO BOX 11864
    BIRMINGHAM,AL35202     		NONE PC SUPPORT 10,000
    KING'S HOME
    PO BOX 162
    CHELSEA,AL35043     		NONE PC SUPPORT 20,000
    LAKESHORE FOUNDATION
    4000 RIDGEWAY DRIVE
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 50,000
    MAGIC MOMENTS
    2112 11TH AVENUE SOUTH STE 219
    BIRMINGHAM,AL35205     		NONE PC SUPPORT 15,000
    MAIN STREET ALABAMA
    880 MONTCLAIR RD 245
    BIRMINGHAM,AL35213     		NONE PC SUPPORT 10,000
    MCWANE SCIENCE CENTER
    200 19TH STREET NORTH
    BIRMINGHAM,AL35203     		NONE PC SUPPORT 25,000
    MIKE SLIVE FOUNDATION FOR PROSTATE CANCER RESEARCH
    PO BOX 530748
    BIRMINGHAM,AL35253     		NONE PC SUPPORT 5,000
    M-POWER MINISTRIES INC
    4022 4TH AVENUE SOUTH
    BIRMINGHAM,AL35222     		NONE PC SUPPORT 25,000
    NORMA LIVINGSTON OVARIAN CANCER FOUNDATION INC
    PO BOX 43826
    BIRMINGHAM,AL35243     		NONE PC SUPPORT 10,000
    OASIS COUNSELING FOR WOMEN AND CHILDREN
    1900 14TH AVENUE SOUTH
    BIRMINGHAM,AL35205     		NONE PC SUPPORT 75,000
    OZANAM CHARITABLE PHARMACY
    109 SOUTH CEDAR ST
    MOBILE,AL36602     		NONE PC SUPPORT 7,000
    PASTORAL COUNSELING AND TRAINING CENTER INC
    400 OFFICE PARK DRIVE SUITE 130
    BIRMINGHAM,AL35223     		NONE PC SUPPORT 50,000
    PATHWAYS INC
    409 RICHARD ARRINGTON JR BLVD N
    BIRMINGHAM,AL35203     		NONE PC SUPPORT 5,000
    PRESBYTERIAN HOME FOR CHILDREN
    PO BOX 577
    TALLADEGA,AL35161     		NONE PC SUPPORT 10,000
    PRESCHOOL PARTNERS
    4447 MONTEVALLO ROAD
    BIRMINGHAM,AL35213     		NONE PC SUPPORT 15,000
    PRESCOTT HOUSE
    1730 14TH AVE S
    BIRMINGHAM,AL35205     		NONE PC SUPPORT 25,000
    RED BARN
    2722 BAILEY ROAD
    LEEDS,AL35094     		NONE PC SUPPORT 50,000
    RED MOUNTAIN THEATRE COMPANY
    1600 3RD AVE S
    BIRMINGHAM,AL35233     		NONE PC SUPPORT 15,000
    REV BIRMINGHAM INC
    5529 1ST AVE S
    BIRMINGHAM,AL35212     		NONE PC SUPPORT 10,000
    RONALD MCDONALD HOUSE
    1700 4TH AVENUE SOUTH
    BIRMINGHAM,AL35233     		NONE PC SUPPORT 50,000
    SALVATION ARMY
    PO BOX 11005
    BIRMINGHAM,AL35202     		NONE PC SUPPORT 30,000
    SAMFORDCOLLEGE OF HEALTH SCIENCES
    2126 LAKESHORE DR
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 100,000
    SIGHT SAVERS AMERICA
    337 BUSINESS CIRCLE
    PELHAM,AL35124     		NONE PC SUPPORT 20,000
    SOCIETY OF ST ANDREW
    412 CUMBERLAND DRIVE
    BIRMINGHAM,AL35206     		NONE PC SUPPORT 5,000
    SOUTH HIGHLAND OUTREACH PROJECT
    2035 HIGHLAND AVE S
    BIRMINGHAM,AL352053801     		NONE PC SUPPORT 5,000
    SOUTHERN MUSEUM OF FLIGHT
    4343 73RD ST N
    BIRMINGHAM,AL35206     		NONE PC SUPPORT 15,000
    ST MARTIN'S IN THE PINES
    4941 MONTEVALLO ROAD
    BIRMINGHAM,AL35210     		NONE PC SUPPORT 10,000
    ST VINCENT'S FOUNDATION OF ALABAMA
    1130 22ND ST SUITE 1000
    BIRMINGHAM,AL35205     		NONE PC SUPPORT 91,000
    STAIR OF BIRMINGHAM
    3703 5TH AVENUE SOUTH SUITE 400
    BIRMINGHAM,AL35222     		NONE PC SUPPORT 15,000
    STUDIO BY THE TRACKS
    PO BOX 101144
    IRONDALE,AL35210     		NONE PC SUPPORT 10,000
    THE EXCEPTIONAL FOUNDATION
    1616 OXMOOR ROAD
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 50,000
    TRINITY COUNSELING
    1025 MONTGOMERY HIGHWAY SUITE 214
    BIRMINGHAM,AL35216     		NONE PC SUPPORT 25,000
    TRINITY UMC
    1400 OXMOOR RD
    HOMEWOOD,AL35209     		NONE PC SUPPORT 5,000
    TROY UNIVERSITY
    301 ADAMS ADMINISTRATION
    TROY,AL36082     		NONE PC SUPPORT 25,000
    UAB DEPRESSION AND SUICIDE CENTER
    1720 7TH AVENUE SOUTH
    BIRMINGHAM,AL35233     		NONE PC SUPPORT 100,000
    UNITED ABILITY
    100 OSLO CIRCLE
    BIRMINGHAM,AL35211     		NONE PC SUPPORT 75,000
    UNIVERSITY OF ALABAMA
    PO BOX 870101
    TUSCALOOSA,AL35487     		NONE PC SUPPORT 50,000
    UNIVERSITY OF ALABAMA AT BIRMINGHAM SCHOOL OF NURSING
    AB 1230 1720 2ND AVENUE SOUTH
    BIRMINGHAM,AL352940112     		NONE PC SUPPORT 50,000
    UNIVERSITY OF ALABAMA HUNTSVILLE
    301 SPARKMAN DR
    HUNTSVILLE,AL35899     		NONE PC SUPPORT 50,000
    VULCAN PARK FOUNDATION
    1701 VALLEY VIEW DRIVE
    BIRMINGHAM,AL35209     		NONE PC SUPPORT 10,000
    WOOLLEY INSTITUTE FOR SPOKEN-LANGUAGE EDUCATION
    2305 MONTEVALLO ROAD
    MOUNTAIN BROOK,AL35223     		NONE PC SUPPORT 15,000
    YMCA OF CENTRAL ALABAMA
    309 NORTH 23RD ST
    BIRMINGHAM,AL35203     		NONE PC SUPPORT 25,000
    YOUTHSERVE INC
    PO BOX 530334
    BIRMINGHAM,AL35253     		NONE PC SUPPORT 20,000
    Total .................................bullet 3a 2,393,550
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		         
    4 Dividends and interest from securities....     14 1,487,233  
    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 1,555,455  
    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).. 0 3,042,688 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,042,688
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    HILL CREST FOUNDATION INC
    EIN:
    63-0516927
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & TAX FEES 14,465 7,232   7,233

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    HILL CREST FOUNDATION INC
    EIN:
    63-0516927
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CONSUMER DISCRETIONARY 4,619,800 4,619,800
    CONSUMER STAPLES 5,842,620 5,842,620
    ENERGY 4,040,830 4,040,830
    FINANCIAL 3,913,200 3,913,200
    HEALTH CARE 7,754,060 7,754,060
    INDUSTRIAL 27,985,888 27,985,888
    INFORMATION TECHNOLOGY 2,925,540 2,925,540
    REAL ESTATE 330,432 330,432
    COMMUNICATION SERVICES 1,808,000 1,808,000
    UTILITIES 3,438,651 3,438,651

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    HILL CREST FOUNDATION INC
    EIN:
    63-0516927
    US Government Securities - End of Year Book Value:

    1,719,821
    US Government Securities - End of Year Fair Market Value:

    1,719,821
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 OtherExpensesSchedule
    Name:
    HILL CREST FOUNDATION INC
    EIN:
    63-0516927
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 1,090 545   545
    TRUST FEES 15,000 15,000   0
    MISCELLANEOUS EXPENSE 1,996 998   998
    OFFICE EXPENSES 1,873 936   937


    TY 2020 OtherIncreasesSchedule
    Name:
    HILL CREST FOUNDATION INC
    EIN:
    63-0516927
    Description Amount
    UNREALIZED APPRECIATION (DEPRECIATION) IN ASSETS 16,614,850


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    HILL CREST FOUNDATION INC
    EIN:
    63-0516927
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 324,523 324,523   0


    TY 2020 TaxesSchedule
    Name:
    HILL CREST FOUNDATION INC
    EIN:
    63-0516927
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INVESTMENT EXCISE TAX 42,370 42,370   0