Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE LOUISE R LESTER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)3130 CHAPARRAL DRIVE NO 108
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ROANOKE, VA24018
A Employer identification number

54-2036566
B Telephone number (see instructions)

(540) 595-7876
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$17,202,647J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 269,171 269,171  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 363,187
b Gross sales price for all assets on line 6a 5,389,945
7 Capital gain net income (from Part IV, line 2)... 363,187
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 2,685 0 0
12 Total. Add lines 1 through 11........ 635,043 632,358 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 84,725 4,236 0 80,489
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 21,181 1,059 0 20,122
16a Legal fees (attach schedule)......... Click to see attachment 17,272 0 0 17,272
b Accounting fees (attach schedule)....... Click to see attachment 11,159 0 0 11,159
c Other professional fees (attach schedule).... Click to see attachment 122,111 122,111 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,051 4,894 0 6,157
19 Depreciation (attach schedule) and depletion... Click to see attachment 698 0 0
20 Occupancy.............. 16,709 16,709 0 0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,982 0 0 3,982
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 288,888 149,009 0 139,181
25 Contributions, gifts, grants paid....... 509,608 509,608
26 Total expenses and disbursements. Add lines 24 and 25 798,496 149,009 0 648,789
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -163,453
b Net investment income (if negative, enter -0-) 483,349
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 116,834 119,584 119,584
2 Savings and temporary cash investments......... 768,522 989,446 989,447
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.......... 1,478 1,478 1,478
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 10,498,558 Click to see attachment10,028,929 13,705,415
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).......... 2,178,382 Click to see attachment2,261,582 2,384,799
14 Land, buildings, and equipment: basis bullet4,373
Less: accumulated depreciation (attach schedule) bullet2,449 2,622 Click to see attachment1,924 1,924
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,566,396 13,402,943 17,202,647
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........... 13,566,396 13,402,943
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)..... 13,566,396 13,402,943
30 Total liabilities and net assets/fund balances (see instructions). 13,566,396 13,402,943
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
13,566,396
2
Enter amount from Part I, line 27a .....................
2
-163,453
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,402,943
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
13,402,943
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 PUBLICLY TRADED SECURITIES - SHORT TERM P    
b PUBLICLY TRADED SECURITIES - LONG TERM P    
c PUBLICLY TRADED SECURITIES - LONG TERM 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 1,476,000   1,416,911 59,089
b 3,894,915   3,609,847 285,068
c 2,958     2,958
d 16,072     16,072
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       59,089
b       285,068
c       2,958
d       16,072
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 2 363,187
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 6,719
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 6,719
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 6,719
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,700
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,700
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,400
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 1,681
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,681 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)
    bulletVA
    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 addressbulletLRLFOUNDATION.ORG
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (540) 595-7876

    Located atbullet3130 CHAPARRAL DRIVE NO 108ROANOKEVA ZIP+4bullet24018
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ELAINE R ZOPP PRESIDENT
    5.00     		0 0 0
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    BARRY ROBERTSON VICE PRESIDENT
    1.00     		0 0 0
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    J LEE OSBORNE SECRETARY
    1.00     		0 0 0
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    B J ROBERTSON EXECUTIVE DIRECTOR
    40.00     		84,725 21,181 0
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    14,265,513
    b
    Average of monthly cash balances.......................
    1b
    1,184,186
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,449,699
    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
    15,449,699
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    231,745
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,217,954
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    760,898
    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
    760,898
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    6,719
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,719
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    754,179
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    754,179
    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
    754,179
    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
    648,789
    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
    648,789
    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
    648,789
    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 7 754,179
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 384,647
    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$ 648,789
    a Applied to 2019, but not more than line 2a 384,647
    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..... 264,142
    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 ..........     		490,037
    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:
    BJ ROBERTSON EXECUTIVE DIRECTOR
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    (540) 595-7876
    LRLESTERFOUNDATION@GMAIL.COM
    bThe form in which applications should be submitted and information and materials they should include:
    INFORMATION ON THE LOUISE R. LESTER FOUNDATION, INC.'S GRANT PROCESS IS LOCATED ON THE FOUNDATION'S WEBSITE, WWW.LRLFOUNDATION.ORG.
    cAny submission deadlines:
    GRANT SUBMISSION DEADLINES ARE POSTED ON THE FOUNDATION'S WEBSITE AT WWWW.LRLFOUNDATION.ORG.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GUIDELINES ON GRANT RESTRICTIONS AND OTHER REQUIREMENTS ARE POSTED ON THE FOUNDATION'S WEBSITE AT WWW.LRLFOUNDATION.ORG.
    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
    LEAST OF THESE MINISTRY
    602 MARSHALL AVE
    ROANOKE,VA24016     		NONE PC GENERAL OPERATING FOR MINISTRY TRUCK AND OPS 2,500
    PACK-A-SNACK
    732 MAIN ST
    RAINELLE,WV25962     		NONE PC PROVIDE CHILDREN WITH TAKE HOME WEEKEND FOOD 3,300
    BEAFOURT CO COMMUNITY COLLEGE FOUNDATION
    5337 US HIGHWAY 264 EAST
    WASHINGTON,NC27889     		NONE PC SCHOLARSHIP FUND/ENDOWMENT 25,000
    FIRST BAPTIST CHURCH RAINELLE FOOD PANTRY
    345 SEVENTH ST
    RAINELLE,WV25962     		NONE PC GENERAL OPERATING SUPPORT OF FOOD PANTRY 10,000
    WASHINGTON BEAUFOURT CO CHAMBER OF COMMERCE
    102 STEWART PKWY
    WASHINGTON,NC27889     		NONE PC BRIGHT FUTURES BEAUFORT CO 20,000
    WELLSPRING OR GREENBRIER INC (FRUITS OF LABOR)
    PO BOX 43
    RUPERT,WV25984     		NONE PC THE SEEDS PROJECT 15,000
    GODS PIT CREW
    2499 N MAIN ST
    DANVILLE,VA24540     		NONE PC NEW MEDIA EQUIPMENT 10,000
    TURN THE PAGE
    3538 BRYMOOR RD
    ROANOKE,VA24014     		NONE PC PEDIATRIC CLINIC BOOK PROGRAM 10,000
    HEALING STRIDES OF VIRGINIA
    672 NAFF RD
    BOONES MILL,VA24065     		NONE PC MENTAL HEALTH SERVICES EXPANSION 30,000
    RENICK COMMUNITY CENTER
    217 HUFF ST
    RENICK,WV24966     		NONE PC GENERAL OPERATING 20,000
    ST FRANCIS SERVICE DOGS
    8232 ENON DR
    ROANOKE,VA24019     		NONE PC FUND THE TRAINING OF A SERVICE DOG 10,000
    HABITAT FOR HUMANITY
    3435 MELROSE AVE
    ROANOKE,VA24017     		NONE PC PROJECTS IN BOTETOURT COUNTY AND ROANOKE CITY 25,000
    RX PARTNERSHIP
    1500 FOREST AVE SUITE 201
    RICHMOND,VA23229     		NONE PC GENERAL OPERATING / ACCESS TO MEDICATION PROGRAM 10,000
    ROANOKE CHILDREN'S THEATER
    PO BOX 4392
    ROANOKE,VA24015     		NONE PC KALEIDOSCOPE PROGRAM 3,000
    WEST END CENTER
    1223 PATTERSON AVE
    ROANOKE,VA24016     		NONE PC READING AT WEST END CENTER PROGRAM 5,000
    FRANKIE LEMMON FOUNDATION
    3101 POPLARWOOD CT SUITE 100
    RALEIGH,NC27604     		NONE PC OUTDOOR SENSORY PANELS 20,000
    ROANOKE RESCUE MISSION
    PO BOX 11525
    ROANOKE,VA24022     		NONE PC SPECIAL CIRCUMSTANCE DONATION (CORONA VIRUS) 5,000
    SAMARITANS PURSE
    801 BAMBOO RD
    BOONE,NC28607     		NONE PC SPECIAL CIRCUMSTANCE DONATION (CORONA VIRUS) 5,000
    FEEDING AMERICAN SWVA
    1025 ELECTRIC RD
    SALEM,VA24153     		NONE PC SPECIAL CIRCUMSTANCE DONATION (CORONA VIRUS) 5,000
    KIDS SOAR
    305 MOUNTAIN AVE
    ROANOKE,VA24016     		NONE PC SPECIAL CIRCUMSTANCE DONATION (CORONA VIRUS) 2,500
    SALEM AREA ECUMENICAL MINISTRIES
    825 S COLORADO ST
    SALEM,VA24153     		NONE PC SPECIAL CIRCUMSTANCE DONATION (CORONA VIRUS) 2,500
    EAGLES WINGS MINISTRY
    932 WEST 3RD ST
    WASHINGTON,NC27889     		NONE PC TO CONTINUE TO EXPAND SOUTH BEAUFORT COUNTY PANTRY OPERATIONS 10,000
    KIDS SOAR
    305 MOUNTAIN AVE
    ROANOKE,VA24016     		NONE PC LITERACY INITIATIVE 5,000
    ADULT CARE CENTER OF ROANOKE VALLEY
    2321 ROANOKE BLVD
    SALEM,VA24153     		NONE PC SUE NUTTER SCHOLARSHIP FUND 10,000
    SALEM ROANOKE COUNTY FOOD PANTRY
    PO BOX 288
    SALEM,VA24153     		NONE PC SNACK BUDDIES 5,000
    SHEPHERD'S CENTER GREENBRIER VALLEY
    PO BOX 54
    LEWISBURG,WV24901     		NONE PC SENIOR SERVICES/ GENERAL PROGRAM SUPPORT 15,000
    WELLSPRING OF GREENBRIER INC
    PO BOX 43
    RUPERT,WV25984     		NONE PC GENERAL OPERATING 12,000
    GATEWAY INDUSTRIES
    787 EDGAR AVE
    RONCEVERTE,WV24970     		NONE PC GENERAL OPERATING 7,500
    FAMILY REFUGE CENTER
    PO BOX 249
    LEWISBURG,WV24901     		NONE PC GENERAL OPERATING 10,000
    GREENBRIER COUNTY CMTE ON AGING
    284 GREENBRIER ST
    RUPERT,WV25984     		NONE PC TRANSPORTATION OPERATIONS 2,500
    MILL MOUNTAIN THEATER
    ONE MARKET SQUARE
    ROANOKE,VA24011     		NONE PC GENERAL OPERATING 5,000
    OPEN DOOR COMMUNITY CENTER
    1240 CROWELL FARM RD
    WASHINGTON,NC27889     		NONE PC GENERAL OPERATING 5,000
    HOPE TO WALK
    311 MEADOW POINTE DR
    MONETA,VA24121     		NONE PC PROSTHETIC KITS 10,000
    ROANOKE AREA MINISTRIES
    824 CAMPBELL AVE
    ROANOKE,VA24016     		NONE PC GENERAL OPERATING SUPPORT OF SHELTER 10,000
    FEEDING AMERICAN SWVA
    1025 ELECTRIC RD
    SALEM,VA24153     		NONE PC GENERAL OPERATION/ FOOD BANK & DISTRIBUTION 10,000
    RUTH'S HOUSE
    1 COMMERCE SQ STE 200
    WASHINGTON,NC27889     		NONE PC GENERAL OPERATING 5,000
    CHIP OF ROANOKE VALLEY
    1201 THIRD ST
    ROANOKE,VA24016     		NONE PC TECHNOLOGY UPGRADE 11,808
    WILLIAMSBURG COMMUNITY GROUP
    PO BOX 185
    WILLIAMSBURG,WV24991     		NONE PC GENERAL OPERATING EXPENSES 15,000
    GREENBRIER CO YOUNG LIFE
    PO BOX 1330
    LEWISBURG,WV24901     		NONE PC INTERN PROGRAM 10,000
    SALEM AREA ECUMENICAL MINISTRIES
    825 S COLORADO ST
    SALEM,VA24153     		NONE PC ACT PACKS FOR CHILDREN AND SUMMER FEED AND READ 5,000
    RENEWANATION
    1110 GRAVEL HILL RD
    VINTON,VA24179     		NONE PC ILUMENED ACADEMY (ONLINE) 5,000
    DEPAUL COMMUNITY RESOURCES
    5650 HOLLINS RD
    ROANOKE,VA24019     		NONE PC THERAPEUTIC SUPPORT FOR CHILDREN IN FOSTER CARE AND ADOPTIVE 10,000
    UNITED WAY HENRY COMARTINSVILLE
    PO BOX 951
    MARTINSVILLE,VA24112     		NONE PP DOLLY PARTON IMAGINATION LIBRARY 5,000
    CHILDREN'S TRUST ROANOKE VALLEY
    541 LUCK AVE STE 308
    ROANOKE,VA24016     		NONE PC CASA PROGRAM 7,000
    YOUNG LIFE MARTINSVILLE HENRY CO
    PO BOX 3693
    MARTINSVILLE,VA24115     		NONE PC MENTORSHIP PROGRAMS 5,000
    UNITED WAY ROANOKE VALLEY
    325 CAMPBELL AVE
    ROANOKE,VA24016     		NONE PC SUPPORT COMMUNITY IMPACT FUND 25,000
    BOYS AND GIRLS CLUB OF SWVA
    1714 9TH ST SE
    ROANOKE,VA24013     		NONE PC GENERAL OPERATING SUPPORT 15,000
    NORTHERN GREENBRIER LATCHKEY KIDS
    PO BOX 28
    FRANKFORD,WV24938     		NONE PC GENERAL OPERATING SUPPORT 2,500
    MEADOW RIVER VALLEY EARLY CHILDHOOD LEARNING CENTER
    138 CRANBERRY AVE
    RUPERT,WV25904     		NONE PC EARLY LEARNING CENTER 20,000
    HARVEST WORSHIP CENTER
    PO BOX 485
    PATRICK SPRINGS,VA24133     		NONE PC COMPLETION OF FELLOWSHIP HALL PROJECT 12,500
    Total .................................bullet 3a 509,608
    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....     14 269,171  
    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.....     18 2,685  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 363,187  
    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).. 0 635,043 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    635,043
    (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:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 11,159 0 0 11,159

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER 2017-04-21 1,273 680 SL 5.000000000000 255 0 0  
    FURNITURE 2017-07-28 3,100 1,071 SL 7.000000000000 443 0 0  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AON PLC 33,294 35,071
    BANK OF NT BUTTERFIELD & SON LTD 22,732 28,885
    ACCENTURE PLC IRELAND CLASS A NEW 71,069 141,315
    EATON CORP PLC 13,378 18,021
    HOLLYSYS AUTOMATION TECHNOLOGIES LTD 30,805 31,187
    ICON PLC 18,665 31,977
    LINDE PLC 37,349 60,871
    MEDTRONIC PLC 34,606 41,350
    STERIS PLC USD 30,653 46,437
    TRANE TECHNOLOGIES PLC 27,240 50,806
    ALCON INC 46,256 55,885
    CHUBB LTD 25,116 33,401
    ASML HOLDING NV NY REGISTRY SHS NEW 2012 40,085 95,593
    FERRARI NV 29,477 44,986
    AIA GROUP LTD SPON ADR 120,907 160,655
    AT&T INC 92,513 75,552
    ABBVIE INC 81,411 110,686
    ABIOMED INC 18,043 23,018
    ADYEN N V 40,874 47,050
    ALBANY INTL CORP 18,314 27,239
    ALIBABA GROUP HOLDING LTD SPONS ADS 134,538 190,373
    ALPHABET INC CL C 98,423 162,925
    ALPHABET INC CL A 46,543 80,621
    AMADEUS IT GROUP SA ADS 30,072 36,969
    AMAZON.COM INC 99,704 221,471
    AMERICAN ELECTRIC POWER COMPANY INC 13,800 14,073
    AMERICAN EXPRESS CO 40,878 40,868
    ANIKA THERAPEUTICS 19,556 16,520
    ANSYS INC 18,400 23,283
    ANTHEM INC 39,537 44,631
    APPIAN CORP 6,654 12,481
    APPLE INC 35,205 113,583
    APPLIED MATERIALS INC 48,597 99,072
    ARMSTRONG WORLD INDUSTRIES INC 28,301 26,557
    ATLAS COPCO AB SPON ADR REPSTG COM SER A 31,276 49,956
    ARTICURE INC 13,788 16,478
    AUTODESK INC 49,475 125,495
    AUTOMATIC DATA PROCESSING INC 8,448 14,625
    AVALARA INC 16,836 23,249
    BCE INC NEW 41,713 41,430
    BADGER METER INC 7,970 14,955
    BANDWIDTH INC 7,783 8,144
    BANK OF HAWAII CORP 30,817 29,039
    BERKELEY LIGHTS INC 2,178 2,146
    BERKSHIRE HATHAWAY INC CL B NEW 26,865 29,679
    BIO-TECHNE CORP 20,269 25,404
    BLACKLINE INC 14,211 24,008
    BOEING COMPANY 56,588 87,336
    BRISTOL MEYERS SQUIBB 10,234 10,793
    BRITISH AMERICAN TOBACCO PLC SPONS ADR 25P 32,311 26,430
    BROOKS AUTOMATION INC 18,477 41,524
    CDW CORP 15,074 22,536
    CME GROUP INC CL A 28,328 27,307
    CSL LTD SPONSORED ADR 49,844 80,630
    CANADIAN IMPERIAL BANK COMMERCE 31,124 36,239
    CANADIAN PACIFIC RAILWAY LIMITED 43,401 84,592
    CANTEL MEDICAL CORP 14,209 26,655
    CAPITAL ONE FINANCIAL CORP 65,680 99,542
    CAREDX INC 16,710 37,891
    CARRIER GLOBAL CORP 10,511 27,536
    CERNER CORP 37,552 44,969
    CHEESECAKE FACTORY INC 34,944 37,801
    CHEGG INC 19,089 27,009
    CHEVRON CORP 67,963 55,484
    CISCO SYSTEMS, INC 110,800 128,701
    COCA-COLA COMPANY 10,678 12,887
    COGNEX CORP 15,477 21,837
    COLGATE-PALMOLIVE COMPANY 68,351 82,175
    COMCAST CORP CL A NEW 47,071 61,675
    CONTRUCTION PARTNERS INC 7,592 13,187
    CORELOGIC INC 20,716 33,557
    COUPA SOFTWARE INC 12,904 17,284
    CROWN CASTLE INTL CORP 10,136 10,347
    CRYOPORT INC 16,474 26,460
    CYRUSONE INC 26,786 30,942
    DBS GROUP HLDGS LTD SPON ADR 31,631 40,611
    DNB ASA SPON ADR REPSTG 10 SHS 45,938 75,538
    DANONE SPON ADR 21,968 19,401
    DANSKE BANK A/S BEARER SHS SPON ADR 47,496 48,267
    DATADOG INC 15,140 17,621
    DEERE & CO 44,188 92,015
    WALT DISNEY CO 54,872 73,559
    DOMINION ENERGY INC 16,620 17,371
    DSV A/S UNSPON ADR 33,657 68,896
    DUKE ENERGY CORP NEW 31,030 34,976
    DUKE REALTY CORP 24,439 23,942
    ENBRIDGE INC 26,471 24,632
    ENEL SOCIETA PER AZIONI 18,623 20,635
    EVERBRIDGE INC 22,497 24,746
    EVERTEC INC 29,606 31,023
    EXPEDITORS INTL WASH INC 40,824 64,009
    EXPERIAN PLC ADR 48,036 75,806
    EXXON MOBILE CORP 14,538 7,832
    FACEBOOK INC CL A 105,157 166,354
    FACTSET RESEARCH SYSTEMS FDS INC 16,247 32,918
    FERGUSON PLC SPON ADR NEW 5,386 11,626
    FIDELITY NATIONAL INFORMATION SERVICES INC 45,373 64,506
    FIRST FINANCIAL BANKSHARES INC 21,914 29,193
    FORTIS INC 15,303 15,838
    GENERAL MILLS INC 15,746 14,904
    GILEAD SCIENCES INC 34,987 29,363
    GLOBAL X INFASTRUCTURE DEVELOPMENT 23,207 26,809
    GOLDMAN SACHS ACTIVEBETA US LARGE CAP EQUITY ETF 183,112 255,302
    GRACO INC 21,125 37,767
    GUARDANT HEALTH INC 8,422 13,275
    GUIDEWIRE SOFTWARE INC 13,236 15,834
    HDFC BANK LTD ADR REPSTG 3 SHS 55,665 74,789
    HEALTHCARE TRUST AMERICA INC 10,077 10,878
    HEALTHEQUITY INC 8,603 9,690
    HENRY JACK & ASSOC INC 16,140 18,467
    HESKA CORP 11,973 18,935
    HONEYWELL INTL INC 24,928 41,689
    HOULIHAN LOKEY INC CL A 27,699 42,086
    IAC INTERACTIVE CORP 28,288 40,142
    IRHYTHM TECHNOLOGIES INC 12,339 13,758
    ILLUMINA INC 43,401 50,690
    INSPIRE MEDICAL SYSTEMS 11,919 12,602
    INSULET CORP 17,365 23,774
    INTEL CORP 26,142 26,953
    INTEL BUISNESS MACHINES 23,739 23,917
    INTEL FLAVOR & FRAGRANCES 31,003 26,122
    INVESCO QQQ ETF 43,406 94,122
    INTUITIVE SURGICAL INC 16,735 26,997
    ISHARES CORE S&P 500 ETF 181,037 262,773
    ISHARES 20+ YR TREASURY BOND ETF 30,491 38,328
    ISHARES US FINANCIAL SERVICES ETF 51,946 69,023
    ISHARES MBS ETF 82,526 87,663
    ISHARES 10-20 YR TREASURY BOND ETF 15,599 19,584
    ISHARES CORE MSCI EAFE ETF 158,230 196,561
    ISHARES CORE DIVIDEND GROWTH ETF 17,253 20,035
    JPMORGAN CHASE & CO 61,157 75,480
    JD.COM INC SPON ADR REPSTG COM CL A 36,606 85,878
    JOHN BEAN TECHNOLOGIES 15,694 19,700
    JOHNSON & JOHNSON 64,072 77,746
    JULIUS BAER GROUP LTD ADR 29,679 40,229
    KIMBERLY CLARK CORP 12,383 11,595
    LVMH MOET HENNESSY LOUIS VUITTON ADR 40,286 83,195
    LANDSTAR SYSTEM INC 22,767 30,029
    LESLIES INC 13,917 18,870
    LOCKHEED MARTIN CORP 48,294 52,892
    LONZA GROUP AG 52,264 52,610
    LOWES COMPANIES INC 44,560 80,737
    LULULEMON ATHLETICA INC 34,986 60,209
    MGM GROWTH PROPERTIES LLC CL A 35,846 37,842
    MARSH & MCLENNAN COS INC 23,033 35,100
    MCDONALDS CORP 41,341 46,349
    MEDALLA INC 10,041 11,926
    MERCADOLIBRE INC 37,365 118,941
    MERCK & COMPANY INC NEW 76,206 82,291
    MERCURY SYSTEM INC 19,656 21,222
    METTLER TOLEDO INTL INC 26,642 49,006
    MICROSOFT CORP 85,370 195,507
    MODEL N INC 13,616 14,986
    MONDELEZ INTERNATIONAL INC CL A 34,048 42,274
    MONOLITHIC POWER SYSTEM INC 8,694 22,706
    MONSTER BEVERAGE CORP NEW 48,113 84,157
    MOTOROLA SOLUTIONS INC 46,560 51,528
    MUNICH RE GROUP ADR 13,012 17,618
    NANOSTRING TECHNOLOGIES INC 9,867 12,373
    NASPERS LTD SPON ADR REPSTG CL N SHS NEW 67,102 66,284
    NATERA INC 18,550 41,002
    NATIONAL BEVERAGE CORP 25,931 37,696
    NATIONAL GRID PLC SPON ADR NEW 2017 31,967 33,588
    NEOGEN CORP 16,730 18,001
    NESTLE S A SPON ADR REPSTG REG SHS 45,790 57,958
    NEVRO CORP 17,488 24,234
    NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC SPON ADR 46,749 104,425
    NEXTERA ENERGY INC 35,970 66,966
    NOAH HOLDINGS LTD 8,249 8,223
    NOVARTIS AG SPON ADR 79,219 86,876
    NOVO NORDISK AS ADR 18,519 24,867
    NVIDIA CORP 33,246 109,140
    ORACLE CORP 71,611 93,283
    PNC FINANCIAL SERVICES GROUP INC 15,203 19,221
    PPL CORP 14,188 10,462
    PACKAGING CORP OF AMERICA 21,783 30,982
    PAYCOM SOFTWARE INC 5,758 24,422
    PEPSICO INC 52,324 63,176
    PERNOD RICARD S A ADR 33,225 41,533
    PELTIQ INC 10,657 12,535
    PFIZER INC 35,453 36,295
    PHILIP MORRIS INTL INC 63,834 57,373
    PHILLIPS 66 40,672 31,823
    PRIMERICA INC 19,729 26,250
    PROS HOLDING 10,820 12,591
    PROSPUS N V SPON ADR 23,651 35,159
    Q2 HOLDINGS INC 11,002 17,208
    QUALCOMM INC 32,432 79,217
    QUIDEL CORP 26,048 21,738
    QUOTIENT TECHNOLOGY INC 10,207 7,169
    R L I CORP 20,736 29,266
    RAYTHEON TECHNOLOGIES CORP 49,781 49,342
    RBC BEARINGS INC 39,292 44,760
    REGENERON PHARMACEUTICALS INC 39,488 59,906
    REGIONS FINANCIAL CORP NEW 15,285 16,829
    REPLIGEN CORP 13,919 22,804
    RESMED INC 39,792 68,657
    ROCHE HOLDINGS LIMITED SPONSORED ADR 59,485 68,785
    SEI INVESTMENTS CO 38,300 40,229
    SPDR GOLD TRUST GOLD SHARES 679,494 824,380
    SPDR SERIES TRUST DOW JONES REIT 11,628 12,572
    SPDR PORTFOLIO AGGREGATE BOND 178,479 180,152
    SAILPOINT TECHNOLOGIES HOLDINGS 5,862 8,146
    SALESFORCE.COM 65,006 95,243
    SANOFI SPON ADR 27,246 31,098
    SCHLUMBERGER LTD 47,183 18,141
    SCHWAB CHARLES CORP 38,791 42,803
    SCOTTS MIRACLE-GRO CO 32,444 68,305
    SECTOR MATERIALS SELECT SECTOR 12,545 17,084
    SECTOR HEALTHCARE SELECT SECTOR SPDR ETF 47,773 65,115
    SECTOR CONSUMER STAPLES SELECT SPDR 17,339 19,965
    CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF ETF 37,807 58,524
    SECTOR INDUSTRIAL SELECT SECTOR SPDR ETF 28,402 39,759
    SECTOR TECHNOLOGY SELECT SECTOR SPDR 40,728 78,272
    SELECT SECTOR COMMUNICATION SERVICES SELECT SECTOR SPDR ETF 20,753 27,869
    SHAKE SHACK INC 10,067 15,769
    SHOCKWAVE MEDICAL INC 6,295 6,949
    SHOPIFY INC CL A 22,732 67,917
    SIKA AG 29,928 48,034
    SITEONE LANDSCAPE SUPPLY INC 28,586 62,024
    SMITH & NEPHEW PLC NEW SPONS ADR 52,015 55,622
    SMARTSHEET INC 7,382 10,255
    SOUTHERN COMPANY 19,267 19,965
    STAMPS.COM INC 8,260 8,829
    STARBUCKS CORP 40,729 54,667
    TACTILE SYSTEMS TECHNONOLGY 12,083 13,212
    TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD SPON ADR 37,653 93,120
    TANDEM DIABETES CARE INC 9,250 10,812
    TC ENERGY CORP 25,910 24,228
    TELUS CORP 28,296 33,145
    TENCENT HOLDINGS LTD UNSPON ADR 29,379 50,107
    TERMINIX GLOBAL HOLDINGS 29,140 42,236
    TEXAS INSTRUMENTS INC 51,824 75,828
    THOR INDUSTRIES INC 16,913 31,896
    3M COMPANY 15,452 17,479
    TREX CO INC 14,798 19,590
    TYLER TECHNOLOGIES INC 13,059 16,588
    UNIFIRST CORP 14,513 18,417
    UNILEVER PLC SPONSORED ADR NEW 31,334 35,492
    UNION PACIFIC CORP 33,505 56,219
    UNITEDHEALTH GROUP INC 45,674 78,552
    VANGUARD TOTAL BOND MARKET ETF 220,039 241,023
    VANGUARD COMMUNICATION SERVICES ETF 12,755 18,992
    VANGUARD FTSE EUROPE ETF 32,404 34,337
    VANGUARD SHORT TERM CORP BOND ETF 154,500 160,922
    VANGUARD INTERMEDIATE TERM TREASURY INDEX ETF 65,100 71,294
    VANGAURD LONG TERM CORP BOND ETF 19,933 21,548
    VANGUARD INTERMEDIATE TERM CORP BOND ETF 145,960 162,321
    VEEVA SYSTEMS INC 26,588 31,581
    VIATRIS INC 10,334 10,832
    VERIZON COMMUNICATIONS INC 27,035 31,490
    VISA INC CL A 78,734 136,050
    VODAFONE GROUP PLC NEW SPON ADR NO PAR 30,433 25,923
    WD 40 CO 19,246 35,070
    WEC ENERGY GROUP INC 35,348 44,911
    WAL-MART DE MEXICO S AB DE C V SPON ADR SER V 20,486 21,640
    WATSCO INC CL A 27,157 40,326
    WELLS FARGO & CO NEW 89,533 74,364
    WINGSTOP INC 22,807 24,787
    WORKDAY INC 17,597 30,191
    YIRENDAI LTD SPON ADR 10,608 1,707
    YUM BRANDS INC 27,700 35,933
    YUM CHINA HOLDINGS INC 20,768 30,714
    ZURICH INSURANCE GROUP LTD 35,139 46,315

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DODGE & COX INCOME AT COST 1,475,356 1,558,254
    JANUS HENDERSON GLOBAL REAL ESTATE CL I AT COST 786,226 826,545

    TY 2020 LandEtcSchedule2
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 1,273 935 338  
    FURNITURE 3,100 1,514 1,586  


    TY 2020 LegalFeesSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY FEES 17,272 0 0 17,272


    TY 2020 OtherExpensesSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 462 0 0 462
    OFFICE EXPENSE 1,352 0 0 1,352
    TELEPHONE & INTERNET 2,042 0 0 2,042
    BANK CHARGES 126 0 0 126


    TY 2020 OtherIncomeSchedule2
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    990-PF 2019 TAX REFUND 2,685 0  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SCOTT STRINGFELLOW ADVISOR FEES 119,153 119,153 0 0
    INVESTMENT ADR FEES 2,958 2,958 0 0


    TY 2020 TaxesSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 4,570 4,570 0 0
    PAYROLL TAXES 6,481 324 0 6,157