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
LILLIS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)425 S WILCOX STREET NO 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CASTLE ROCK, CO80104
A Employer identification number

91-6520620
B Telephone number (see instructions)

(303) 395-2633
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$9,986,739J 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) 205,200
2 Check bullet.............
3 Interest on savings and temporary cash investments 128 128  
4 Dividends and interest from securities... 155,226 162,722  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 445,794
b Gross sales price for all assets on line 6a 796,952
7 Capital gain net income (from Part IV, line 2)... 495,485
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)....... Click to see attachment 0 14,564  
12 Total. Add lines 1 through 11........ 806,348 672,899  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 53,273 0   53,273
15 Pension plans, employee benefits....... 4,407 0   4,407
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,556 0   6,556
c Other professional fees (attach schedule).... Click to see attachment 7,760 0   7,760
17 Interest............... 8 289   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,982 1,982   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,513 0   1,513
22 Printing and publications.......... 96 0   96
23 Other expenses (attach schedule)....... Click to see attachment 13,992 14,210   13,534
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 89,587 16,481   87,139
25 Contributions, gifts, grants paid....... 303,350 303,350
26 Total expenses and disbursements. Add lines 24 and 25 392,937 16,481   390,489
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 413,411
b Net investment income (if negative, enter -0-) 656,418
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............. 116 116 116
2 Savings and temporary cash investments......... 436,417 206,518 206,518
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,623,437 Click to see attachment2,219,481 5,861,213
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).......... 2,722,908 Click to see attachment2,770,174 3,918,892
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) 4,782,878 5,196,289 9,986,739
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........... 4,782,878 5,196,289
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)..... 4,782,878 5,196,289
30 Total liabilities and net assets/fund balances (see instructions). 4,782,878 5,196,289
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
4,782,878
2
Enter amount from Part I, line 27a .....................
2
413,411
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,196,289
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
5,196,289
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 SALE OF PUBLICLY TRADED SECURITIES P    
b TRINITY SIDE CAR INCOME FUND LP P    
c THROUGH K-1S P    
d CAPITAL GAINS DIVIDENDS P    
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 511,344   210,644 300,700
b 272,450   272,450 0
c       181,627
d 13,158     13,158
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       300,700
b       0
c       181,627
d       13,158
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 2 495,485
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 9,124
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 9,124
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 9,124
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 11,022
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 11,022
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,898
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,898 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)
    bulletCO
    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 addressbulletWWW.LILLISFOUNDATION.ORG
    14
    The books are in care ofbulletTHE LILLIS FOUNDATION Telephone no.bullet (303) 395-2633

    Located atbullet425 S WILCOX ST STE 100CASTLE ROCKCO ZIP+4bullet80104
    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
     
    No
    .........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
    GWENDOLYN H LILLIS TRUSTEE
    20.00     		0 0 0
    PO BOX 1479
    CASTLE ROCK,CO80104
    CHARLES M LILLIS TRUSTEE
    2.00     		0 0 0
    PO BOX 1479
    CASTLE ROCK,CO80104
    MICHAEL B LILLIS TRUSTEE
    2.00     		0 0 0
    PO BOX 1479
    CASTLE ROCK,CO80104
    JESSICA L ISAACS TRUSTEE
    10.00     		0 0 0
    PO BOX 1479
    CASTLE ROCK,CO80104
    LORI L HOFF TRUSTEE
    20.00     		0 0 0
    PO BOX 1479
    CASTLE ROCK,CO80104
    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
    CARRIE KNOX SCHOLARSHIP ADMINSTR
    40.00     		53,273 0 0
    PO BOX 1479
    CASTLE ROCK,CO80104
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    8,017,557
    b
    Average of monthly cash balances.......................
    1b
    394,157
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,411,714
    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
    8,411,714
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    126,176
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,285,538
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    414,277
    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
    414,277
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,124
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,124
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    405,153
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    405,153
    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
    405,153
    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
    390,489
    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
    390,489
    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
    390,489
    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 7 405,153
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 313,099
    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$ 390,489
    a Applied to 2019, but not more than line 2a 313,099
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 77,390
    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 ..........     		327,763
    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).)
    GWENDOLYN H LILLIS
    CHARLES M LILLIS
    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 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
    A LITTLE HELP
    2755 SOUTH LOCUST STREET SUITE 220
    DENVER,CO80222     		N/A PC GRANT - CARE SHARE PROGRAM 5,000
    A PRECIOUS CHILD
    7051 WEST 118TH AVE
    BROOMFIELD,CO80020     		N/A PC GRANT - CORONAVIRUS RELIEF FUND 5,000
    ARIZONA STATE UNIVERSITY
    STUDENT SERVICES BUILDING 2ND FLOOR
    ROOM 206
    TEMPE,AZ85281     		NONE I SCHOLARSHIP - AVERY ROGERS 3,500
    ARIZONA STATE UNIVERSITY
    STUDENT SERVICES BUILDING 2ND FLOOR
    ROOM 206
    TEMPE,AZ85281     		NONE I SCHOLARSHIP - AVERY ROGERS 2,000
    BAYLOR UNIVERSITY
    ONE BEAR PLACE 97048
    WACO,TX76798     		NONE I SCHOLARSHIP - GRACE WHITACRE 4,000
    BENEFITS IN ACTION
    8725 WEST 14TH AVE SUITE 210
    LAKEWOOD,CO80215     		N/A PC GRANT - BOOK A NAVIGATOR PROGRAM 10,000
    BESSIE'S HOPE
    PO BOX 12675
    DENVER,CO80212     		N/A PC DISCRETIONARY - CHUCK ($1,000) AND JESSICA ($1,000) - GENERAL OPERATING 2,000
    BESSIE'S HOPE
    PO BOX 12675
    DENVER,CO80212     		N/A PC GRANT - UPDATED IT SYSTEMS 7,000
    BIG TIMBER SOUTH TAXIDERMY
    708 ROYAL GORGE BOULEVARD
    CANON CITY,CO81212     		NONE I TRINITY ANDERSON - SCHOLARSHIP (TAXIDERMY TRAINING) 12,000
    BRENT'S PLACE
    11980 EAST 16TH AVE
    AURORA,CO80010     		N/A PC DISCRETIONARY-CHUCK (GENERAL OPERATING) 2,000
    BRIGHAM YOUNG UNIVERSITY
    FINANCIAL AID OFFICE A-41 ASB
    PROVO,UT84602     		NONE I SCHOLARSHIP - CLAIRE NOTTINGHAM 3,500
    CAFE 180
    3315 SOUTH BROADWAY
    ENGLEWOOD,CO80113     		N/A PC DISCRETIONARY - GWEN (GENERAL OPERATING) 1,000
    CANINE COMPANIONS FOR INDEPENDENCE
    PO BOX 61839
    COLORADO SPRINGS,CO80960     		N/A PC DISCRETIONARY - GWEN (GENERAL OPERATING) 500
    CENTRAL HIGH SCHOOL
    216 ORMAN AVE
    PUEBLO,CO81004     		N/A PC STUDENT ASSISTANCE FUND (SAF) RENEWAL 5,000
    CHILDREN'S LITERACY CENTER
    2928 STRAUS LANE SUITE 100
    COLORADO SPRINGS,CO80907     		N/A PC DISCRETIONARY - GWEN (GENERAL OPERATING) 1,000
    CLEAR CREEK HIGH SCHOOL
    185 BEAVER BROOK CANYON ROAD
    EVERGREEN,CO80439     		N/A PC STUDENT ASSISTANCE FUND (SAF)- RENEWAL 5,000
    COLORADO COLLEGE
    14 E CACHE LA POUDRE STREET
    COLORADO SPRINGS,CO80903     		NONE I SCHOLARSHIP - CHRISTOPHER HECKENKAMP 500
    COLORADO MESA UNIVERSITY
    1100 NORTH AVENUE
    GRAND JUNCTION,CO81501     		NONE I SCHOLARSHIP - REBECCA CONTRERAS 3,000
    COLORADO PET PANTRY
    PO BOX 323
    BOULDER,CO80306     		N/A PC DISCRETIONARY - GWEN (GENERAL OPERATING) 1,000
    COLORADO SCHOOL OF MINES
    1200 16TH STREET
    GOLDEN,CO80401     		NONE I SCHOLARSHIP - JASMINE CAMPOS 1,000
    COLORADO SCHOOL OF MINES
    1200 16TH STREET
    GOLDEN,CO80401     		NONE I SCHOLARSHIP - SOPHIA BECKER 4,500
    COLORADO STATE UNIVERSITY AT PUEBLO
    STUDENT FINANCIAL SERVICES
    ADMINISTRATION BUILDING ROOM212
    PUEBLO,CO81001     		NONE I SCHOLARSHIP - AUSTIN ALLENBACK 1,250
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO80523     		NONE I SCHOLARSHIP - CHARLES ELLIOTT 3,000
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO80523     		NONE I SCHOLARSHIP - DAVID BIEBER 1,500
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO80523     		NONE I SCHOLARSHIP - GARRETT POITRA 4,500
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO80523     		NONE I SCHOLARSHIP - JULIA CASADY 2,000
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO80523     		NONE I SCHOLARSHIP - KYA WILLIAMS 500
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO80523     		NONE I SCHOLARSHIP - MCKENNA ANDERSEN 3,500
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO80523     		NONE I SCHOLARSHIP - VLADAN PANIC 3,500
    CREIGHTON UNIVERSITY
    2500 CALIFORNIA PLAZA
    OMAHA,NE68178     		NONE I SCHOLARSHIP - ISABELLE HEINITZ 3,000
    CYSTIC FIBROSIS FOUNDATION
    400 S COLORADO BLVD STE 840
    DENVER,CO80246     		N/A PC DISCRETIONARY-LORI (GENERAL OPERATING) 2,000
    DENVER DUMB FRIENDS LEAGUE
    2080 SOUTH QUEBEC STREET
    DENVER,CO80231     		N/A PC DISCRETIONARY - GWEN (GENERAL OPERATING) 1,500
    DENVER DUMB FRIENDS LEAGUE
    2080 SOUTH QUEBEC STREET
    DENVER,CO80231     		N/A PC DISCRETIONARY - JESSICA (GENERAL OPERATING) 1,000
    DEPARTMENT OF EDUCATIONGRANITE STAT
    834 EAST 32ND STREET
    DURANGO,CO81301     		NONE I LONE FORGIVENESS - KRISTIAN SIGLOCH 4,500
    FOLDS OF HONOR
    DEPARTMENT 13
    TULSA,OK74182     		N/A PC DISCRETIONARY-LORI (GENERAL OPERATING) 2,000
    FOOD BANK OF THE ROCKIES
    PO BOX 151560
    LAKEWOOD,CO80215     		N/A PC GRANT - FOOD BANK 4,000
    HAXTUN JRSR HIGH SCHOOL
    201 W POWELL STREET
    HAXTUN,CO80731     		N/A PC STUDENT ASSISTANCE FUND RENEWAL 2,000
    HIGHLANDS RANCH HIGH SCHOOL
    9375 CRESTHILL LANE
    HIGHLANDS RANCH,CO80130     		N/A PC STUDENT ASSISTANCE FUND RENEWAL 5,000
    HOME FOR OUR TROOPS
    6 MAIN ST
    TAUNTON,MA02780     		N/A PC DISCRETIONARY -CHUCK (GENERAL OPERATING) 2,000
    INDIANA UNIVERSITY
    107 SOUTH INDIANA STREET
    BLOOMINGTON,IN47405     		NONE I SCHOLARSHIP - SPENCER HODAS 1,000
    INDIANA UNIVERSITY
    107 SOUTH INDIANA STREET
    BLOOMINGTON,IN47405     		NONE I SCHOLARSHIP - ZOE ZALESAK 7,300
    JULESBURG HIGH SCHOOL
    102 WEST 6TH STREET
    JULESBURG,CO80737     		N/A PC STUDENT ASSISTANCE FUND RENEWAL 3,000
    KENZIE'S CAUSES
    730 COLORADO BLVD SUITE 200
    DENVER,CO80206     		N/A PC DISCRETIONARY - LORI (GENERAL OPERATING) 1,000
    LITTLETON HIGH SCHOOL
    199 E LITTLETON BLVD
    LITTLETON,CO80121     		N/A PC STUDENT ASSISTANCE FUND (SAF) - RENEWAL 8,000
    MATTERSVILLE
    13952 WEST 87TH AVENUE
    ARVADA,CO80005     		N/A PC GRANT - VETERAN TINY HOUSE PROGRAM 5,000
    METROPOLITAN STATE UNIVERSITY
    PO BOX 173362 CAMPUS BOX 92
    DENVER,CO80217     		NONE I SCHOLARSHIP - JESSICA LEAVITT 8,700
    METROPOLITAN STATE UNIVERSITY
    PO BOX 173362 CAMPUS BOX 92
    DENVER,CO80217     		NONE I SCHOLARSHIP - JOSEPH VALDEZ 500
    MINNEQUA ELEMENTARY SCHOOL
    1708 E ORMAN AVE
    PUEBLO,CO81004     		N/A PC GRANT - HOPE THRU HOOVES 4,200
    MONTANA STATE UNIVERSITY
    PO BOX 174160
    BOZEMAN,MT59717     		NONE I SCHOLARSHIP - JOANNA O'CONNELL 1,000
    NE WESLEYAN UNIVERSITY
    5000 SAINT PAUL AVE
    LINCOLN,NE68504     		NONE I SATARA EHNES - SCHOLARSHIP 1,500
    NOURISH MEALS ON WHEELS
    92 EAST ARAPAHOE ROAD
    LITTLETON,CO80104     		N/A PC GRANT - SENIOR MEALS ON WHEELS PROGRAM 4,000
    OKLAHOMA STATE UNIVERSITY
    113 STUDENT UNION
    STILLWATER,OK74078     		NONE I SCHOLARSHIP - AUSTIN AINSWORTH 3,500
    READ TO ME
    PO BOX 1654
    CASTLE ROCK,CO80104     		N/A PC GRANT - INFANT BOOK BUNDLE PROGRAM 3,000
    SECOR CARES
    17151 PINE LANE
    PARKER,CO80134     		N/A PC GRANT - SECOR CARES, HOLIDAY GIVING - YOUTH GIFT CARDS 5,000
    SECOR CARES
    17151 PINE LANE
    PARKER,CO80134     		N/A PC GRANT - SECOR CARES, MARKET PROGRAM 4,000
    SHERIDAN HIGH SCHOOL
    3201 W OXFORD AVE
    DENVER,CO80236     		N/A PC STUDENT ASSISTANCE FUND (SAF) - RENEWAL 5,000
    TEXAS A M
    SCHOLARSHIP SERVICES AND FINANCIAL
    SERVICES PAVILLON 2ND FLOOR
    COLLEGE STATION,TX77843     		NONE I SCHOLARSHIP - CADEN PEW 6,000
    THE UNIVERSITY OF ARIZONA
    845N PARK AVE
    TUCSON,AZ85719     		NONE I SCHOLARSHIP - SHAE HENLEY 1,500
    TRI-LAKES CARES
    PO BOX 1301
    MONUMENT,CO80132     		N/A PC GRANT - FOOD PANTRY PROGRAM 11,000
    US DEPARTMENT OF EDUCATION
    PO BOX 4414
    PORTLAND,OR97208     		NONE I KRISTIAN SIGLOCH - LOAN FORGIVENESS 500
    UNIVERSITY OF COLORADO AT BOULDER
    77 UCB
    BOULDER,CO80309     		NONE I SCHOLARSHIP - ADRIONA SALGADO 500
    UNIVERSITY OF COLORADO AT BOULDER
    77 UCB
    BOULDER,CO80309     		NONE I SCHOLARSHIP - CHASMINE MALABANAN 500
    UNIVERSITY OF COLORADO AT BOULDER
    77 UCB
    BOULDER,CO80309     		NONE I SCHOLARSHIP - ISAAC MARTINEZ 1,500
    UNIVERSITY OF COLORADO AT BOULDER
    77 UCB
    BOULDER,CO80309     		NONE I SCHOLARSHIP - LIBBY O'NEALL 6,000
    UNIVERSITY OF COLORADO BOULDER
    150 REGENT ADMINISTRATIVE CENTER
    BURSARS OFFICE - OCM 41 UCB
    BOULDER,CO80309     		NONE I SCHOLARSHIP - HANNAH CUSHMAN 3,000
    UNIVERSITY OF COLORADO BOULDER
    150 REGENT ADMINISTRATIVE CENTER
    BURSARS OFFICE - OCM 41 UCB
    BOULDER,CO80309     		NONE I SCHOLARSHIP - JOEY ANDRESON 3,000
    UNIVERSITY OF COLORADO BOULDER
    77 UCB
    BOULDER,CO80309     		NONE I SCHOLARSHIP - JUSTIN MCMAHON 3,000
    UNIVERSITY OF COLORADO
    13120 EAST 19TH AVENUE CAMPUS BOX
    A098
    AURORA,CO80045     		NONE I SCHOLARSHIP - CAROLINE COLLINS 1,500
    UNIVERSITY OF COLORADO
    13120 EAST 19TH AVENUE CAMPUS BOX
    A098
    AURORA,CO80045     		NONE I SCHOLARSHIP - PAW KI HTOO 1,000
    UNIVERSITY OF COLORADO
    1420 AUSTIN BLUFFS PARKWAY
    COLORADO SPRINGS,CO80918     		NONE I SCHOLARSHIP - GABRIELLE MARCOJOS 2,250
    UNIVERSITY OF COLORADO
    1420 AUSTIN BLUFFS PARKWAY
    COLORADO SPRINGS,CO80918     		NONE I SCHOLARSHIP - KATHERINE PUCHINO 4,200
    UNIVERSITY OF COLORADO
    150 REGENT ADMINISTRATIVE CENTER
    BURSARS OFFICE - OCM 41 UCB
    BOULDER,CO80309     		NONE I SCHOLARSHIP - JOEY ANDRESON 3,500
    UNIVERSITY OF COLORADO
    150 REGENT ADMINISTRATIVE CENTER
    BURSARS OFFICE - OCM 41 UCB
    BOULDER,CO80309     		NONE I SCHOLARSHIP - MAX BAILEY 4,000
    UNIVERSITY OF DENVER
    FINANCIAL AID OFFICE UNIVERSITY
    HALL 255 2197 UNIVERSITY BLVD
    DENVER,CO80208     		NONE I SCHOLARSHIP - ADELAIDE CLAY 500
    UNIVERSITY OF DENVER
    FINANCIAL AID OFFICE UNIVERSITY
    HALL 255 2197 UNIVERSITY BLVD
    DENVER,CO80208     		NONE I SCHOLARSHIP - ADELAIDE CLAY(SPRING QUARTER) 2,400
    UNIVERSITY OF DENVER
    FINANCIAL AID OFFICE UNIVERSITY
    HALL 255 2197 UNIVERSITY BLVD
    DENVER,CO80208     		NONE I SCHOLARSHIP - SKYLAR NITZEL(SPRING QUARTER) 1,400
    UNIVERSITY OF DENVER
    FINANCIAL AID OFFICE UNIVERSITY
    HALL 255 2197 UNIVERSITY BLVD
    DENVER,CO80208     		NONE I SCHOLARSHIP - SKYLAR NITZEL(WINTER QUARTER) 3,000
    UNIVERSITY OF MINNESOTA
    2 FRASER HALL 106 PLEASANT ST SE
    MINNEAPOLIS,MN55455     		NONE I SCHOLARSHIP - JACOB SAWYER 4,500
    UNIVERSITY OF MINNESOTA
    2 FRASER HALL 106 PLEASANT ST SE
    MINNEAPOLIS,MN55455     		NONE I SCHOLARSHIP - JAKE SAWYER 4,000
    UNIVERSITY OF NORTHERN COLORADO
    CAMPUS BOX 14
    GREELEY,CO80639     		NONE I SCHOLARSHIP - ANDERS BUETTENBACK 3,500
    UNIVERSITY OF NORTHERN COLORADO
    CAMPUS BOX 14
    GREELEY,CO80639     		NONE I SCHOLARSHIP - DESTRI JOHNSON 1,000
    UNIVERSITY OF PUGET SOUND
    1500N WARNER STREET
    TACOMA,WA98416     		N/A PC DISCRETIONARY - JESSICA (GENERAL OPERATING) 3,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    700 CHILDS WAY
    LOS ANGELES,CA90089     		NONE I SCHOLARSHIP - TRE LANNON 10,000
    UNIVERSITY OF WESTERN WASHINGTON
    516 HIGH STREET OM 360
    BELLINGHAM,WA98225     		NONE I SCHOLARSHIP - BAILEY KLINGER (WINTER QUARTER) 1,000
    UNIVERSITY OF WYOMING
    1000 EAST UNIVERSITY AVE DEPT 3335
    LARAMIE,WY82071     		NONE I SCHOLARSHIP - BAILEY WALTERS 2,500
    UNIVERSITY OF WYOMING
    1000 EAST UNIVERSITY AVE DEPT 3335
    LARAMIE,WY82071     		NONE I SCHOLARSHIP - CAMRYN LELAND 4,900
    UNIVERSITY OF WYOMING
    1000 EAST UNIVERSITY AVE DEPT 3335
    LARAMIE,WY82071     		NONE I SCHOLARSHIP - KENZIE MORRIS 4,500
    WE DON'T WASTE
    3560 WALNUT STREET UNIT B
    DENVER,CO80205     		N/A PC DISCRETIONARY-GWEN (GENERAL OPERATING) 1,000
    WESTERN STATE COLORADO UNIVERSITY
    600 NORTH ADAMS STREETS
    GUNNISON,CO81231     		NONE I SCHOLARSHIP - ABIGAIL GRIDLEY 2,000
    WESTERN STATE COLORADO UNIVERSITY
    600 NORTH ADAMS STREETS
    GUNNISON,CO81231     		NONE I SCHOLARSHIP - BRANDON KYLAN MARTINEZ 4,750
    WESTERN STATE COLORADO UNIVERSITY
    600 NORTH ADAMS STREETS
    GUNNISON,CO81231     		NONE I SCHOLARSHIP - REED ARNESON 2,500
    WESTERN WASHINGTON
    OLD MAIN 265 MS 9005
    BELLINGTON,WA98225     		NONE I SCHOLARSHIP - BAILEY KLINGER 3,000
    Total .................................bullet 3a 303,350
    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 ...........     		    14 128  
    4 Dividends and interest from securities....     14 155,226  
    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 ............     		    18 445,794  
    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).. 0 601,148 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    601,148
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    LILLIS FOUNDATION
     
    Employer identification number

    91-6520620
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    LILLIS FOUNDATION
          		Employer identification number
    91-6520620
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    CHARLES LILLIS
     
    13 CASTLE PINES DR N
     
    CASTLE ROCK, CO80108

    		$ 205,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    LILLIS FOUNDATION
          		Employer identification number

    91-6520620
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 120,000 SHARES OF SOMALOGIC COMMON STOCK $ 205,200 2020-04-08
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    LILLIS FOUNDATION
          		Employer identification number

    91-6520620
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 5,150 0   5,150
    ACCOUNTING SERVICES 1,406 0   1,406

    TY 2020 AppliedToPriorYearElection
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Election:
    THE FOUNDATION IS MAKING AN ELECTION UNDER SECTION 53.4942(A)- 3(D)2 TO TREAT THE CURRENT YEAR DISTRIBUTION AS MADE OUT OF UNDISTRIBUTED INCOME FOR 2012.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2,115 SH OF APPLE INC COM 41,242 280,639
    345 SH OF CATERPILLAR INC COM 50,111 62,797
    198 SH OF LANDSTAR SYSTEM INC 24,986 26,663
    380 SH OF PEPSICO INC 49,947 56,354
    4,305 SH OF TAIWAN SEMINCONDUCTOR MANUFACTURING 115,696 469,417
    220 SH OF THERMO FISHER SCIENTIFIC 33,575 102,472
    310 SH OF 3M CO 49,600 54,185
    325 SH OF ALIGN TECHNOLOGY INC 25,679 173,674
    1,675 SH OF ALLSTATE CORP 164,311 184,133
    87 SH OF ALPHABET INC CLASS A 44,085 152,480
    24 SH OF ALPHABET INC CLASS C 12,089 42,045
    77 SH OF AMAZON.COM INC 59,970 250,784
    215 SH OF AMGEN INC 39,907 49,433
    28 SH OF BLACKROCK INC 11,451 20,203
    540 SH OF BOEING CO 39,982 115,592
    910 SH OF CHEWY INC 50,059 81,800
    240 SH OF CONSTELLATION BRAND 39,750 52,572
    755 SH OF CUMMINS INC 95,927 171,461
    2,085 SH OF DANAHER CORP 50,280 463,162
    1,287 SH OF FORTIVE CORP DISC 14,761 91,145
    575 SH OF HOME DEPOT INC 105,244 152,732
    770 SH OF HONEYWELL INTL INC 86,198 163,779
    805 SH OF ILLINOIS TOOL WORKS 64,119 164,123
    750 SH OF JOHNSON & JOHNSON 36,632 118,035
    500 SH OF LOCKHEED MARTIN CORP 40,254 177,490
    835 SH OF LOWES COMPANIES INC 65,131 134,026
    704 SH OF MASTERCARD INC 51,736 251,286
    600 SH OF MERCK & CO INC 49,764 49,080
    1,440 SH OF MICROCHIP TECHNOLOGY 53,066 198,878
    540 SH OF MICROSOFT CORP 100,002 120,107
    280 SH OF NVIDIA CORP 100,239 146,216
    870 SH OF RAYTHEON TECHNOLOGIES CO 49,942 62,214
    150 SH OF STRYKER CORP 30,840 36,756
    657 SH OF THERMO FISHER SCIENTIFIC 39,060 306,017
    6,300 SH OF TJX COMPANIES INC 26,728 430,227
    1,010 SH OF VERIZON COMMUNICATIONS 50,225 59,338
    1,000 SH OF VISA INC 154,452 218,730
    514 SH OF VONTIER CORP 2,545 17,168
    850 SH OF WALT DISNEY CO 99,896 154,000

    TY 2020 InvestmentsOtherSchedule2
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    KWK PARTNERS OFFSHORE, LTD. - 381.5 SH. CLASS A SERIES 1 SHARES AT COST 500,000 736,296
    SA ACQUISITIONS FUND AT COST 400,000 374,712
    GOLUB CAPITAL PARTNERS AT COST 210,381 316,307
    CROSSROADS XVIII DIVERSIFIED OFFSHORE FUND, LP - 207.5 CLASS A SHARES AT COST 141,304 25,375
    ARROWMARK INCOME OPPORTUNITY FUND QP, LTD. - 200 CLASS A SERIES A-1 SHARES AT COST 144,327 172,832
    GSO PRIVATE INVESTORS OFFSHORE II, LP CLASS B AT COST 34,001 23,431
    OAKTREE SSF II AT COST 87,407 143,407
    OAK STREET FUND AT COST 62,934 64,506
    FTV FUND IV, L.P. AT COST 0 437,933
    FTV FUND VI, L.P. AT COST 95,000 121,918
    ATLAS ENHANCED FUND LTD AT COST 18,183 87,459
    ARES HIGH INCOME CREDIT OPP. FUND LP AT COST 149,920 179,464
    BLACKSTONE REAL ESTATE INCOME TRUST INC CL S AT COST 305,354 392,338
    ACAP STRATEGIC FUND AT COST 316,158 351,895
    1,505 SH OF PROSHARES S&P 500 DIV AT COST 100,005 120,219
    120,000 SH. OF SOMALOGIC AT COST 205,200 370,800

    TY 2020 OtherExpensesSchedule
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & SUBSCRIPTIONS 2,450 0   2,450
    OFFICE SUPPLIES AND EXPENSES 1,404 0   1,404
    POSTAGE 1,314 0   1,314
    BANK FEES 243 0   243
    FURNITURE AND EQUIPMENT 3,125 0   3,125
    INSURANCE 1,262 0   1,262
    THRU SCHEDULE K-1S 0 13,752   0
    PAYROLL PROCESSING FEES 3,621 0   3,621
    WEBSITE DEVELOPMENT 115 0   115
    OTHER INVESTMENT EXPENSES 458 458   0


    TY 2020 OtherIncomeSchedule2
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    THRU SCHEDULE K-1S   14,564  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IT SUPPORT 5,675 0   5,675
    ADMINISTRATION 2,085 0   2,085


    TY 2020 TaxesSchedule
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 1,982 1,982   0