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
CORSON FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1908
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ORLANDO, FL328021908
A Employer identification number

35-1939789
B Telephone number (see instructions)

(844) 382-3122
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$4,361,399J 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) 882,007
2 Check bullet.............
3 Interest on savings and temporary cash investments 97 97  
4 Dividends and interest from securities... 107,938 104,881  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,057,246
b Gross sales price for all assets on line 6a 4,147,043
7 Capital gain net income (from Part IV, line 2)... 1,057,246
8 Net short-term capital gain......... 0
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 352    
12 Total. Add lines 1 through 11........ 2,047,640 1,162,224  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 475 0 0 475
c Other professional fees (attach schedule).... Click to see attachment 14,762 14,762   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,335 535   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 3,155     3,155
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,727 15,297 0 3,630
25 Contributions, gifts, grants paid....... 371,750 371,750
26 Total expenses and disbursements. Add lines 24 and 25 392,477 15,297 0 375,380
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,655,163
b Net investment income (if negative, enter -0-) 1,146,927
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.............      
2 Savings and temporary cash investments......... 153,785 501,824 501,824
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 2,395,077 Click to see attachment72 92
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)..........   Click to see attachment3,530,847 3,859,483
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) 2,548,862 4,032,743 4,361,399
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 2,548,862 4,032,743
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)..... 2,548,862 4,032,743
30 Total liabilities and net assets/fund balances (see instructions). 2,548,862 4,032,743
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
2,548,862
2
Enter amount from Part I, line 27a .....................
2
1,655,163
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,204,025
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
171,282
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,032,743
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 353. ALTRIA GROUP INC   2004-08-25 2020-07-15
b 177. BRISTOL MYERS SQUIBB COMPANY   2009-10-20 2020-07-15
c 353. CATERPILLAR INC   2016-02-24 2020-07-15
d 705. CISCO SYSTEMS   2016-04-19 2020-07-15
e 1058. INTEL CORPORATION     2020-07-15
353. J.P. MORGAN CHASE & CO.   1998-08-19 2020-07-15
882. KKR & CO INC CL A   2018-05-25 2020-07-15
882. KINDER MORGAN INC   2018-05-25 2020-07-15
705. MERCK & CO INC   2016-04-19 2020-07-15
353. PFIZER INC   2006-05-23 2020-07-15
89. T ROWE PRICE GROUP INC   2018-04-26 2020-07-15
177. REGIONS FINANCIAL CORP   2018-04-30 2020-07-15
529. TARGET CORP   2016-10-24 2020-07-15
529. TRUIST FINANCIAL CORP   2016-04-19 2020-07-15
1058. VERIZON COMMUNICATIONS INC   2014-06-26 2020-07-15
353. WP CAREY INC REIT   2018-04-06 2020-07-15
353. WELLS FARGO & CO   2009-01-20 2020-07-15
349. ALTRIA GROUP INC   2004-08-25 2020-07-16
175. BRISTOL MYERS SQUIBB COMPANY   2009-10-20 2020-07-16
349. CATERPILLAR INC   2016-02-24 2020-07-16
698. CISCO SYSTEMS     2020-07-16
1046. INTEL CORPORATION   2007-04-02 2020-07-16
349. J.P. MORGAN CHASE & CO.   1998-08-19 2020-07-16
872. KKR & CO INC CL A   2018-05-25 2020-07-16
872. KINDER MORGAN INC   2018-05-25 2020-07-16
698. MERCK & CO INC   2016-04-19 2020-07-16
349. PFIZER INC   2006-05-23 2020-07-16
87. T ROWE PRICE GROUP INC   2018-04-26 2020-07-16
175. REGIONS FINANCIAL CORP   2018-04-30 2020-07-16
523. TARGET CORP     2020-07-16
523. TRUIST FINANCIAL CORP   2016-04-19 2020-07-16
1046. VERIZON COMMUNICATIONS INC     2020-07-16
349. WP CAREY INC REIT   2018-04-06 2020-07-16
349. WELLS FARGO & CO   2009-01-20 2020-07-16
349. ALTRIA GROUP INC     2020-07-17
174. BRISTOL MYERS SQUIBB COMPANY     2020-07-17
349. CATERPILLAR INC   2016-02-24 2020-07-17
697. CISCO SYSTEMS   2016-04-19 2020-07-17
1045. INTEL CORPORATION     2020-07-17
349. J.P. MORGAN CHASE & CO.   1998-08-19 2020-07-17
871. KKR & CO INC CL A   2018-05-25 2020-07-17
871. KINDER MORGAN INC   2018-05-25 2020-07-17
697. MERCK & CO INC     2020-07-17
349. PFIZER INC   2006-05-23 2020-07-17
87. T ROWE PRICE GROUP INC   2018-04-26 2020-07-17
174. REGIONS FINANCIAL CORP   2018-04-30 2020-07-17
523. TARGET CORP   2016-12-13 2020-07-17
523. TRUIST FINANCIAL CORP     2020-07-17
1045. VERIZON COMMUNICATIONS INC   2017-04-20 2020-07-17
349. WP CAREY INC REIT   2018-04-06 2020-07-17
349. WELLS FARGO & CO   2009-01-20 2020-07-17
341. ALTRIA GROUP INC   2005-04-21 2020-07-20
170. BRISTOL MYERS SQUIBB COMPANY   2010-04-01 2020-07-20
341. CATERPILLAR INC   2016-02-24 2020-07-20
681. CISCO SYSTEMS   2016-04-19 2020-07-20
1022. INTEL CORPORATION     2020-07-20
341. J.P. MORGAN CHASE & CO.     2020-07-20
851. KKR & CO INC CL A   2018-05-25 2020-07-20
851. KINDER MORGAN INC   2018-05-25 2020-07-20
681. MERCK & CO INC   2016-04-19 2020-07-20
340. PFIZER INC   2006-05-23 2020-07-20
85. T ROWE PRICE GROUP INC   2018-04-26 2020-07-20
170. REGIONS FINANCIAL CORP   2018-04-30 2020-07-20
511. TARGET CORP     2020-07-20
511. TRUIST FINANCIAL CORP     2020-07-20
1022. VERIZON COMMUNICATIONS INC   2017-04-20 2020-07-20
340. WP CAREY INC REIT   2018-04-06 2020-07-20
340. WELLS FARGO & CO   2009-01-20 2020-07-20
349. ALTRIA GROUP INC   2005-04-21 2020-07-21
175. BRISTOL MYERS SQUIBB COMPANY   2010-04-01 2020-07-21
349. CATERPILLAR INC   2016-02-24 2020-07-21
699. CISCO SYSTEMS     2020-07-21
1049. INTEL CORPORATION     2020-07-21
349. J.P. MORGAN CHASE & CO.   2007-02-08 2020-07-21
874. KKR & CO INC CL A   2018-05-25 2020-07-21
874. KINDER MORGAN INC   2018-05-25 2020-07-21
699. MERCK & CO INC   2016-04-19 2020-07-21
350. PFIZER INC   2006-05-23 2020-07-21
88. T ROWE PRICE GROUP INC   2018-04-26 2020-07-21
175. REGIONS FINANCIAL CORP   2018-04-30 2020-07-21
524. TARGET CORP   2018-12-14 2020-07-21
525. TRUIST FINANCIAL CORP   2016-08-09 2020-07-21
1049. VERIZON COMMUNICATIONS INC   2017-04-20 2020-07-21
350. WP CAREY INC REIT   2018-04-06 2020-07-21
350. WELLS FARGO & CO   2009-01-20 2020-07-21
259. ALTRIA GROUP INC   2005-04-21 2020-07-22
129. BRISTOL MYERS SQUIBB COMPANY   2010-04-01 2020-07-22
259. CATERPILLAR INC     2020-07-22
520. CISCO SYSTEMS   2016-04-19 2020-07-22
780. INTEL CORPORATION   2016-04-19 2020-07-22
259. J.P. MORGAN CHASE & CO.   2007-02-08 2020-07-22
650. KKR & CO INC CL A   2018-05-25 2020-07-22
650. KINDER MORGAN INC   2018-05-25 2020-07-22
520. MERCK & CO INC     2020-07-22
50. MOTORS LIQUIDATION COMPANY GUC TRUST   2003-01-01 2020-07-22
259. PFIZER INC   2006-05-23 2020-07-22
64. T ROWE PRICE GROUP INC   2018-04-26 2020-07-22
129. REGIONS FINANCIAL CORP   2018-04-30 2020-07-22
390. TARGET CORP   2018-12-14 2020-07-22
389. TRUIST FINANCIAL CORP   2016-08-09 2020-07-22
780. VERIZON COMMUNICATIONS INC   2017-04-20 2020-07-22
259. WP CAREY INC REIT   2018-04-06 2020-07-22
259. WELLS FARGO & CO   2009-01-20 2020-07-22
150. BLACKROCK EVENT DRIVEN EQ-IS   2019-12-09 2020-09-03
277.61 BLACKROCK EVENT DRIVEN EQ-IS   2003-01-01 2020-09-03
1507.218 BLACKROCK NTL MUNI-BLKR     2020-09-03
2377.336 BLACKSTONE ALT MULTI-STRAT-Y     2020-09-03
833.083 CRM LNG/SHRT OPPORT-INST     2020-09-03
151.055 AMER FNDS INTL VNTG-F3   2003-01-01 2020-09-03
1596.945 DOUBLELINE TOTL RET BND-I     2020-09-03
77.68 FIDELITY 500 INDEX     2020-09-03
224. ISHARES 7-10 YEAR TREASURY B     2020-09-03
767. I SHARES EAFE INDEX FUND     2020-09-03
132. ISHARES 3-7 YEAR TREASURY BOND ETF     2020-09-03
151. ISHARES BARCLAYS SHORT TREAS BD ETF     2020-09-03
188. JPM BETABUILDERS DEV ASIA XJ     2020-09-03
660. JPMORGAN BETABUILDERS CANADA     2020-09-03
652. JPMORGAN BETABUILDERS JAPAN ETF     2020-09-03
567. JPMORGAN BETABUILDERS EUROPE ETF     2020-09-03
904.148 JPMORGAN TAX AWR R/R-R6     2020-09-03
10687.907 JPMORGAN INTERM T/F BND-R6     2020-09-03
4031.757 LORD ABBETT SHRT DUR INC-F3     2020-09-03
710.1 PIMCO INCOME FUND-INS     2020-09-03
738. SPDR S&P 500 ETF TRUST     2020-09-03
3140.794 AMER FNDS T/E BND FND AM-F3     2020-09-03
760.397 VANGUARD LTD TRM T/E-ADM     2020-09-03
2269.234 EATON VANCE-ATLANTA SMID-R6     2020-09-17
50000. ESCROW GM CORP 7.700% 12/31/99     2020-10-20
1643.991 EDGEWOOD GROWTH FUND-INS     2020-12-01
1. VARIOUS   2019-01-01 2020-12-31
3. VARIOUS     2020-12-31
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(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 14,587   4,023 10,564
b 10,378   4,134 6,244
c 49,414   22,698 26,716
d 32,842   19,966 12,876
e 62,436   21,393 41,043
35,626   12,706 22,920
31,085   19,730 11,355
13,075   13,274 -199
55,852   40,187 15,665
12,674   8,508 4,166
11,909   9,839 2,070
1,866   3,361 -1,495
64,084   36,082 28,002
19,184   18,258 926
58,818   52,281 6,537
24,002   21,772 2,230
8,834   5,044 3,790
14,281   3,977 10,304
10,362   4,087 6,275
48,259   22,441 25,818
31,856   19,767 12,089
61,273   20,263 41,010
34,466   12,562 21,904
30,197   19,507 10,690
12,975   13,124 -149
55,692   39,788 15,904
12,400   8,412 3,988
11,389   9,618 1,771
1,850   3,323 -1,473
63,501   36,163 27,338
19,298   18,051 1,247
57,372   51,583 5,789
23,512   21,525 1,987
8,683   4,987 3,696
14,590   4,164 10,426
10,406   4,173 6,233
48,188   22,441 25,747
32,271   19,739 12,532
62,219   20,565 41,654
34,793   12,562 22,231
30,363   19,484 10,879
13,265   13,109 156
55,703   39,731 15,972
12,590   8,412 4,178
11,561   9,618 1,943
1,844   3,304 -1,460
63,727   40,605 23,122
19,409   18,051 1,358
58,785   50,578 8,207
23,538   21,525 2,013
8,901   4,987 3,914
13,923   5,135 8,788
10,161   4,652 5,509
46,344   21,927 24,417
31,577   19,286 12,291
60,910   22,500 38,410
33,489   13,385 20,104
29,888   19,037 10,851
12,495   12,808 -313
54,002   38,819 15,183
12,547   8,195 4,352
11,303   9,397 1,906
1,755   3,228 -1,473
61,464   38,786 22,678
18,462   17,637 825
57,175   49,465 7,710
23,096   20,970 2,126
8,408   4,858 3,550
14,316   5,255 9,061
10,425   4,789 5,636
47,027   22,441 24,586
33,041   19,796 13,245
64,523   27,236 37,287
34,093   17,950 16,143
30,712   19,551 11,161
12,786   13,154 -368
55,618   39,845 15,773
12,873   8,436 4,437
11,777   9,728 2,049
1,806   3,323 -1,517
63,052   35,276 27,776
18,858   18,120 738
58,596   50,772 7,824
23,617   21,587 2,030
8,641   5,001 3,640
10,568   3,900 6,668
7,726   3,530 4,196
35,406   16,652 18,754
24,427   14,726 9,701
47,723   24,652 23,071
25,817   13,321 12,496
22,980   14,541 8,439
9,604   9,783 -179
41,399   30,056 11,343
72     72
9,944   6,243 3,701
8,649   7,075 1,574
1,383   2,450 -1,067
46,878   26,255 20,623
14,266   13,426 840
43,480   37,752 5,728
17,349   15,974 1,375
6,777   3,701 3,076
1,443   1,494 -51
2,671   2,765 -94
16,836   16,320 516
23,868   25,427 -1,559
9,072   8,323 749
2,272   1,322 950
17,199   17,622 -423
9,333   7,014 2,319
27,378   25,037 2,341
49,762   44,477 5,285
17,655   16,675 980
16,714   16,680 34
4,475   4,276 199
16,399   16,245 154
15,775   14,279 1,496
13,432   12,133 1,299
8,273   8,668 -395
119,705   115,658 4,047
16,893   16,732 161
8,365   8,578 -213
258,190   127,299 130,891
42,307   40,656 1,651
8,539   8,311 228
81,239   78,402 2,837
       
87,000   75,371 11,629
323,513   538,032 -214,519
24,092   30,137 -6,045
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
      55,250
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       10,564
b       6,244
c       26,716
d       12,876
e       41,043
      22,920
      11,355
      -199
      15,665
      4,166
      2,070
      -1,495
      28,002
      926
      6,537
      2,230
      3,790
      10,304
      6,275
      25,818
      12,089
      41,010
      21,904
      10,690
      -149
      15,904
      3,988
      1,771
      -1,473
      27,338
      1,247
      5,789
      1,987
      3,696
      10,426
      6,233
      25,747
      12,532
      41,654
      22,231
      10,879
      156
      15,972
      4,178
      1,943
      -1,460
      23,122
      1,358
      8,207
      2,013
      3,914
      8,788
      5,509
      24,417
      12,291
      38,410
      20,104
      10,851
      -313
      15,183
      4,352
      1,906
      -1,473
      22,678
      825
      7,710
      2,126
      3,550
      9,061
      5,636
      24,586
      13,245
      37,287
      16,143
      11,161
      -368
      15,773
      4,437
      2,049
      -1,517
      27,776
      738
      7,824
      2,030
      3,640
      6,668
      4,196
      18,754
      9,701
      23,071
      12,496
      8,439
      -179
      11,343
      72
      3,701
      1,574
      -1,067
      20,623
      840
      5,728
      1,375
      3,076
      -51
      -94
      516
      -1,559
      749
      950
      -423
      2,319
      2,341
      5,285
      980
      34
      199
      154
      1,496
      1,299
      -395
      4,047
      161
      -213
      130,891
      1,651
      228
      2,837
       
      11,629
      -214,519
      -6,045
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,057,246
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 15,942
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 15,942
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 15,942
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,877
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 28,277
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 12,335
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet7,972 RefundedBullet 11 4,363
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIN
    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. Click to see attachment...............................
    10
    Yes
     
    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 addressbullet  
    14
    The books are in care ofbulletTRUIST BANK FKA SUNTRUST BANK Telephone no.bullet (844) 382-3122

    Located atbulletPO BOX 1908ORLANDOFL ZIP+4bullet32802
    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
    CLAIRE CORSON SKINNER CHAIRMAN
    2     		0    
    8686 PURSLANE DR
    NAPLES,FL34109
    BENJAMIN T CORSON VP ASST TREASURER
    0     		0    
    93 INNER WAY
    BONNERS FERRY,ID83805
    CHARLOTTE CORSON WOLF 1ST VP ASST TREASURER
    0     		0    
    141 A RUE PIERRAZ FRITTAZ
    THOIRY   0710
    FR
    JAMES P SKINNER VP ASST SECRETARY
    0     		0    
    8686 PURSLANE DR
    NAPLES,FL34109
    MELANIE DEMORROW TREASURER AND SECRETARY
    2     		0    
    MAIN ST
    ELKHART,IN46514
    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.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,243,360
    b
    Average of monthly cash balances.......................
    1b
    414,652
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,658,012
    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
    3,658,012
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    54,870
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,603,142
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    180,157
    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
    180,157
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    15,942
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    15,942
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    164,215
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    164,215
    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
    164,215
    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
    375,380
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    375,380
    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
    375,380
    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 7 164,215
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 396,415
    c From 2017...... 98,340
    d From 2018...... 0
    e From 2019...... 160,258
    fTotal of lines 3a through e........ 655,013
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 375,380
    a Applied to 2019, but not more than line 2a 0
    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..... 164,215
    e Remaining amount distributed out of corpus 211,165
    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 5 866,178
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		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 ......     		866,178
    10 Analysis of line 9:
    a Excess from 2016.... 396,415
    b Excess from 2017.... 98,340
    c Excess from 2018.... 0
    d Excess from 2019.... 160,258
    e Excess from 2020.... 211,165
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CORSON FAMILY FOUNDATION
    PO BOX 340
    MIDDLEBURY,IN46540
    (574) 825-5522
    bThe form in which applications should be submitted and information and materials they should include:
    NO STANDARD FORMAT
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    DONATIONS ARE GENERALLY MADE TO ORGANIZATIONS LOCATED IN ELKHART COUNTY AND ADJACENT COUNTIES TO SUPPORT EDUCATION AND THE ARTS
    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
    INTERLOCHEN CENTER FOR THE ARTS
    4000 HIGHWAY M-137
    Interlochen,MI49643     		NONE PC GENERAL SUPPORT 270,000
    INDIANA UNIVERSITY SOUTH BEND
    PO BOX 7111
    South Bend,IN46634     		NONE PC GENERAL SUPPORT 20,000
    FIRST UNITED METHODIST CHURCH
    190 E FRANKLIN BLVD
    GASTONIA,NC28052     		NONE PC GENERAL SUPPORT 10,000
    GOSHEN COLLEGE
    1700 S MAIN ST
    GOSHEN,IN46526     		NONE PC GENERAL SUPPORT 20,000
    MIDDLEBURY HISTORICAL MUSEUM
    301 BRISTOL AVE
    Middlebury,IN46540     		NONE PC GENERAL SUPPORT 10,000
    RUTHMERE FOUNDATION
    302 E BEARDSLEY AVE
    Elkhart,IN46514     		NONE PC GENERAL SUPPORT 10,000
    IVY TECH
    50 W FALL CREEK PARKWAY N DR
    INDIANAPOLIS,IN46208     		NONE PC GENERAL SUPPORT 10,000
    WNIT
    300 W JEFFERSON BLVD
    South Bend,IN46601     		NONE PC GENERAL SUPPORT 20,000
    HOSPICE FOUNDATION
    1707 L STREET NW
    WASHINGTON,DC20036     		NONE PC GENERAL SUPPORT 1,750
    Total .................................bullet 3a 371,750
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 97  
    4 Dividends and interest from securities....     14 107,938  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,057,246  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 352  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,165,633  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,165,633
    (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
    CORSON FAMILY FOUNDATION INC
     
    Employer identification number

    35-1939789
    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
    CORSON FAMILY FOUNDATION INC
          		Employer identification number
    35-1939789
    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
    CORSON CHARITABLE REMAINDER ANNUITY
     
    C/O JPMORGAN CHASE BANK NA
    270 PARK AVENUE
    NEW YORK, NY100172014

    		$ 574,405


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    CORSON 1997 CHAR REMDR ANNUITY
     
    C/O JPMORGAN CHASE BANK NA
    270 PARK AVENUE
    NEW YORK, NY100172014

    		$ 307,602


    (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
    CORSON FAMILY FOUNDATION INC
          		Employer identification number

    35-1939789
    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
    		 VARIOUS SECURITIES $ 461,025 2020-08-27
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 VARIOUS SECURITIES $ 245,293 2020-08-27
    (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
    CORSON FAMILY FOUNDATION INC
          		Employer identification number

    35-1939789
    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:
    CORSON FAMILY FOUNDATION INC
    EIN:
    35-1939789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 475     475

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    CORSON FAMILY FOUNDATION INC
    EIN:
    35-1939789
    Name of Stock End of Year Book Value End of Year Fair Market Value
    62010U101 MOTORS LIQUIDATION C 72 92

    TY 2020 InvestmentsOtherSchedule2
    Name:
    CORSON FAMILY FOUNDATION INC
    EIN:
    35-1939789
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    207019605 CONESTOGA SMID CAP F AT COST 79,620 96,213
    277902235 EATON VANCE ATLANTA AT COST 101,098 108,298
    316146182 FIDELITY SMALL CAP I AT COST 87,000 92,914
    416645828 HARTFORD DIVIDEND AN AT COST 287,200 322,450
    921910501 VANGUARD INTERNATION AT COST 215,400 270,627
    921937504 VANGUARD TOTAL BOND AT COST 718,000 713,241
    921937777 VANGUARD SHORT-TERM AT COST 179,500 179,098
    922040100 VANGUARD INSTITUTION AT COST 789,800 893,572
    957663669 WESTERN ASSET FDS IN AT COST 359,000 360,936
    0075W0759 EDGEWOOD GROWTH FUND AT COST 211,829 231,210
    00770G847 JOHCM INTERNATIONAL AT COST 107,500 121,599
    45775L408 T ROWE PRICE LARGE-C AT COST 215,400 251,559
    77956H484 T. ROWE PRICE EMERGI AT COST 71,800 86,470
    87283A102 T. ROWE PRICE QM US AT COST 107,700 131,296

    TY 2020 OtherDecreasesSchedule
    Name:
    CORSON FAMILY FOUNDATION INC
    EIN:
    35-1939789
    Description Amount
    2020 TRANSACTION POSTED IN 2021 2,273
    2019 TRANSACTIONS POSTED IN 2020 1,000
    EXCESS FMV OVER COST OF ASSETS CONTRIB 152,125
    PRIOR PERIOD ADJUSTMENT 15,884


    TY 2020 OtherExpensesSchedule
    Name:
    CORSON FAMILY FOUNDATION INC
    EIN:
    35-1939789
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ALLOCABLE EXPENSE-PRINCI 3,155 0   3,155


    TY 2020 OtherIncomeSchedule2
    Name:
    CORSON FAMILY FOUNDATION INC
    EIN:
    35-1939789
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 352 0  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CORSON FAMILY FOUNDATION INC
    EIN:
    35-1939789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 14,762 14,762    


    TY 2020 SubstantialContributorsSch
    Name:
    CORSON FAMILY FOUNDATION INC
    EIN:
    35-1939789
    Name Address
    CORSON CHARITABLE REMAINDER ANNUITY
          		C/O JPMORGAN CHASE BANK NA
    270 PARK AVENUE
    NEW YORK,NY100172014
    CORSON 1997 CHAR REMDR ANNUITY
          		C/O JPMORGAN CHASE BANK NA
    270 PARK AVENUE
    NEW YORK,NY100172014


    TY 2020 TaxesSchedule
    Name:
    CORSON FAMILY FOUNDATION INC
    EIN:
    35-1939789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 71 71   0
    FEDERAL ESTIMATES - PRINCIPAL 1,800 0   0
    FOREIGN TAXES ON QUALIFIED FOR 383 383   0
    FOREIGN TAXES ON NONQUALIFIED 81 81   0