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 COUSINS FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)3445 PEACHTREE ROAD SUITE 175
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30326
A Employer identification number

58-6043765
B Telephone number (see instructions)

(404) 233-4339
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$56,285,207J 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) 1,276,814
2 Check bullet.............
3 Interest on savings and temporary cash investments 894,307 894,307  
4 Dividends and interest from securities... 419,306 419,306  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,882,578
b Gross sales price for all assets on line 6a 7,527,320
7 Capital gain net income (from Part IV, line 2)... 2,882,578
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 816,510 816,510  
12 Total. Add lines 1 through 11........ 6,289,515 5,012,701  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 4,498 0   4,498
b Accounting fees (attach schedule)....... Click to see attachment 5,500 0   5,500
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 169,482 26,392   90
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 983,111 982,329   782
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,162,591 1,008,721   10,870
25 Contributions, gifts, grants paid....... 3,851,944 3,851,944
26 Total expenses and disbursements. Add lines 24 and 25 5,014,535 1,008,721   3,862,814
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,274,980
b Net investment income (if negative, enter -0-) 4,003,980
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 125,161 274,492 274,492
2 Savings and temporary cash investments......... 4,698,818 2,739,834 2,739,834
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   45,000    
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) bullet291,503
Less: allowance for doubtful accounts bullet100,000 222,753 191,503 191,503
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)....... 15,711,805 Click to see attachment17,880,223 17,880,223
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).......... 30,800,578 Click to see attachment35,199,155 35,199,155
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) 51,604,115 56,285,207 56,285,207
Liabilities 17 Accounts payable and accrued expenses.......... 855 6,355
18 Grants payable................. 4,680,000 2,615,000
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)......... 4,680,855 2,621,355
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........ 103,917 103,917
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 46,819,343 53,559,935
29 Total net assets or fund balances (see instructions)..... 46,923,260 53,663,852
30 Total liabilities and net assets/fund balances (see instructions). 51,604,115 56,285,207
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
46,923,260
2
Enter amount from Part I, line 27a .....................
2
1,274,980
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
9,422,072
4
Add lines 1, 2, and 3 ..........................
4
57,620,312
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,956,460
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
53,663,852
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 ML #04C00 CAPITAL GAIN DISTRIBUTIONS P 2019-01-01 2020-12-31
b ML #04C00 P 2020-01-01 2020-12-31
c ML #07468 CAPITAL GAIN DISTRIBUTIONS P 2019-01-01 2020-12-31
d ML #07468 P 2019-01-01 2020-12-31
e BLACKROCK P 2019-01-01 2020-12-31
JPMORGAN P 2019-01-01 2020-12-31
JPMORGAN P 2020-01-01 2020-12-31
JPMORGAN P 2019-01-01 2020-12-31
FROM SCHEDULE K-1S P 2019-01-01 2020-12-31
ML #07468 P 2020-01-01 2020-12-31
(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 12,268     12,268
b 460,907   460,817 90
c 4,135     4,135
d 101,860   251,106 -149,246
e 850,000   812,622 37,378
3     3
2,857,224   2,845,418 11,806
139,577   107,375 32,202
3,033,439     3,033,439
67,907   167,404 -99,497
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       12,268
b       90
c       4,135
d       -149,246
e       37,378
      3
      11,806
      32,202
      3,033,439
      -99,497
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 2,882,578
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 55,655
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 55,655
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 55,655
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 42,890
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 72,890
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 480
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 16,755
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet16,755 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletAMY CLARKE Telephone no.bullet (404) 233-4339

    Located atbullet3445 PEACHTREE RD STE 175ATLANTAGA ZIP+4bullet30326
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    LILLIAN C GIORNELLI PRESIDENT/TRUSTEE
    0.00     		0 0 0
    3445 PEACHTREE RD SUITE 175
    ATLANTA,GA30326
    WILLIAM C WREN VICE PRESIDENT/TRUSTEE
    0.00     		0 0 0
    3445 PEACHTREE RD SUITE 175
    ATLANTA,GA30326
    GRADY COUSINS TRUSTEE
    0.00     		0 0 0
    3445 PEACHTREE RD SUITE 175
    ATLANTA,GA30326
    ANN D COUSINS TRUSTEE
    0.00     		0 0 0
    3445 PEACHTREE RD SUITE 175
    ATLANTA,GA30326
    AMY CLARKE SECRETARY/TREASURER
    0.00     		0 0 0
    3445 PEACHTREE RD SUITE 175
    ATLANTA,GA30326
    THOMAS G COUSINS TRUSTEE
    0.00     		0 0 0
    3445 PEACHTREE RD SUITE 175
    ATLANTA,GA30326
    TIFFANY PADOLSKY ASST. SECRETARY
    0.00     		0 0 0
    3445 PEACHTREE RD SUITE 175
    ATLANTA,GA30326
    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
    15,919,246
    b
    Average of monthly cash balances.......................
    1b
    3,457,905
    c
    Fair market value of all other assets (see instructions)................
    1c
    35,199,114
    d
    Total (add lines 1a, b, and c).........................
    1d
    54,576,265
    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
    54,576,265
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    818,644
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    53,757,621
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,687,881
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,687,881
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    55,655
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    171,589
    c
    Add lines 2a and 2b............................
    2c
    227,244
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,460,637
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,460,637
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,460,637
    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
    3,862,814
    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
    3,862,814
    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
    3,862,814
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 2,460,637
    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......  
    b From 2016...... 995,125
    c From 2017...... 337,323
    d From 2018...... 992,544
    e From 2019...... 739,611
    fTotal of lines 3a through e........ 3,064,603
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,862,814
    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..... 2,460,637
    e Remaining amount distributed out of corpus 1,402,177
    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 4,466,780
    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 ......     		4,466,780
    10 Analysis of line 9:
    a Excess from 2016.... 995,125
    b Excess from 2017.... 337,323
    c Excess from 2018.... 992,544
    d Excess from 2019.... 739,611
    e Excess from 2020.... 1,402,177
    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).)
    ANN D COUSINS
    THOMAS G COUSINS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ATLANTA PARTNERSHIP OF BUSINESS AND EDUCATION INC
    130 TRINITY AVE SW
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    ATLANTA WEALTH BUILDING INITIATIVE INC
    504 FAIR STREET SW
    ATLANTA,GA30313     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    ATLANTA VOLUNTEER LAWYERS FOUNDATION INC
    235 PEACHTREE ST S1750 N TOWER
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    BOYS & GIRLS CLUB OF MARTIN COUNTY INC
    PO BOX 910 11500 SE LARES AVENUE
    HOBE SOUND,FL33455     		  PUBLIC CHARITY GENERAL PURPOSE 300,000
    BIG BROTHERS BIG SISTERS OF METRO ATLANTA INC
    PO BOX 78215
    ATLANTA,GA30357     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    CHRIS 180 INC
    1017 FAYETTEVILLE RD SUITE B
    ATLANTA,GA30316     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    CHRIST MEMORIAL CHAPEL
    52 S BEACH RD
    HOBE SOUND,FL33455     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    COMMUNITIES IN SCHOOLS OF ATLANTA INC
    260 PEACHTREE STREET NW SUITE 750
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    CONCRETE JUNGLE INC
    1050 OAKLEIGH DRIVE
    EAST POINT,GA30344     		  PUBLIC CHARITY GENERAL PURPOSE 37,744
    COR INC
    227 SANDY SPRINGS PLACE SUITE D445
    ATLANTA,GA30328     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    COVENANT HOUSE
    461 EIGHTH AVENUE
    NEW YORK,NY10001     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    DREW CHARTER SCHOOL INC
    300 EVA DAVIS WAY
    ATLANTA,GA30317     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    FOCUSED COMMUNITY STRATEGIES
    PO BOX 17628
    ATLANTA,GA30316     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    GEORGIA AQUARIUM
    225 BAKER ST NW
    ATLANTA,GA30313     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    GIWAYEN MATA INC
    1241 CAMPBELLTON PL SW
    ATLANTA,GA30310     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    GROVE PARK FOUNDATION
    1566 DONALD LEE HOLLOWELL PKWY NW
    SUITE 105
    ATLANTA,GA30318     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    HISTORIC SOUTH INITIATIVE
    PO BOX 1008
    TOLEDO,OH43697     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    HOBE SOUND BIBLE COLLEGE
    PO BOX 1065
    HOBE SOUND,FL33475     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    HOBE SOUND COMMUNITY CHEST INC
    11450 SE DIXIE HIGHWAY SUITE 106
    HOBE SOUND,FL33455     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    INTERNATIONAL RESCUE COMMITTEE INC
    122 E 42ND ST
    NEW YORK,NY10168     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    JUPITER MEDICAL CENTER
    1210 S OLD DIXIE HWY
    JUPITER,FL33458     		  PUBLIC CHARITY GENERAL PURPOSE 30,000
    LA AMISTAD
    3434 ROSWELL RD NE
    ATLANTA,GA30305     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    LATIN AMERICAN ASSOCIATION
    2750 BUFORD HWY
    ATLANTA,GA30324     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    LEAP YEAR
    229 PEACHTREE ST NE STE 725
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    LOAVES AND FISHES OF HOBE SOUND
    9307 SE OLYMPIC ST
    HOBE SOUND,FL33455     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    MARION MEDICAL MISSION
    1412 SHAWNEE DR
    MARION,IL62959     		  PUBLIC CHARITY GENERAL PURPOSE 35,000
    MULTI-AGENCY ALLIANCE FOR CHILDREN INC
    225 PEACHTREE ST NE SUITE 900
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    MUSIC IN THE PARK ATL
    2952 MOCKINGBIRD LN SW
    ATLANTA,GA30311     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    NATIONAL BLACK ARTS FESTIVAL
    1429 FAIRMONT AVENUE NW SUITE J
    ATLANTA,GA30318     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    NATIONAL CENTER FOR CIVIL AND HUMAN RIGHTS
    250 WILLIAMS ST NW STE 2322
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 102,500
    NEW AMERICAN PATHWAYS INC
    2300 HENDERSON MILL ROAD NE SUITE
    100
    ATLANTA,GA30345     		  PUBLIC CHARITY GENERAL PURPOSE 20,000
    OGELTHORPE UNIVERSITY
    4484 PEACHTREE RD NE
    BROOKHAVEN,GA30319     		  PUBLIC CHARITY GENERAL PURPOSE 200,000
    OPEN DOORS SOLUTIONS
    2872 WOODCOCK BLVD STE 211
    ATLANTA,GA30341     		  PUBLIC CHARITY GENERAL PURPOSE 60,000
    PAIDEIA SCHOOL INC
    1509 PONCE D L AVE NE
    ATLANTA,GA30307     		  PUBLIC CHARITY GENERAL PURPOSE 129,200
    PARADISE ATLANTA WESTSIDE ENRICHMENT CENTER INC
    PO BOX 20468
    ATLANTA,GA30325     		  PUBLIC CHARITY GENERAL PURPOSE 40,000
    PARTNERS FOR HOME
    818 POLLARD BLVD SW 3RD FLOOR
    ATLANTA,GA30315     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    PATH FOUNDATION
    PO BOX 14327
    ATLANTA,GA30324     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    PURPOSE BUILT SCHOOLS ATLANTA
    1670 BENJAMIN WELDON
    ATLANTA,GA30315     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    THE SALVATION ARMY METRO ATLANTA
    2090 N DRUID HILLS RD
    ATLANTA,GA30329     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    SHEPHERD CENTER FOUNDATION
    2020 PEACHTREE RD NW
    ATLANTA,GA30309     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    STAR C CORPORATION
    1335 CANTON RD STE D
    MARIETTA,GA30066     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    SPELMAN COLLEGE
    350 SPELMAN LN SW
    ATLANTA,GA30314     		  PUBLIC CHARITY GENERAL PURPOSE 32,500
    UNITED WAY OF GREATER ATLANTA
    40 COURTLAND ST NE 300
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 20,000
    UNIVERSITY OF GEORGIA FOUNDATION
    1 PRESS PL STE 101
    ATHENS,GA30601     		  PUBLIC CHARITY GENERAL PURPOSE 1,350,000
    URBAN YOUTH HARP ENSEMBLE INC
    3259 BRIARWOOD BLVD
    ATLANTA,GA30344     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    WHITEFOORD INC
    1353 GEORGE W BRUMLEY WAY SE
    ATLANTA,GA30317     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    WOODRUFF ARTS CENTER
    1280 PEACHTREE ST NE
    ATLANTA,GA30309     		  PUBLIC CHARITY GENERAL PURPOSE 125,000
    YOUTH ENSEMBLE OF ATLANTA
    9 GAMMON ST SE
    ATLANTA,GA30315     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    YMCA OF METRO ATLANTA
    569 MLK JR SR NW
    ATLANTA,GA30314     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    THE COMMUNITY FOUNDATION OF GREATER ATLANTA
    191 PEACHTREE ST 1000
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 15,000
    Total .................................bullet 3a 3,851,944
    bApproved for future payment
    SHEPHERD CENTER FOUNDATION
    2020 PEACHTREE RD NW
    ATLANTA,GA30309     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    SALVATION ARMY METRO ATLANTA AREA COMMAND
    2090 N DRUID HILLS RD
    ATLANTA,GA30329     		  PUBLIC CHARITY GENERAL PURPOSE 200,000
    UNIVERSITY OF GEORGIA FOUNDATION
    1 PRESS PL STE 101
    ATHENS,GA30601     		  PUBLIC CHARITY GENERAL PURPOSE 1,250,000
    COR INC
    227 SANDY SPRINGS PLACE SUITE D445
    ATLANTA,GA30328     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    NATIONAL CENTER FOR CIVIL AND HUMAN RIGHTS
    250 WILLIAMS ST NW STE 2322
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    HISTORIC SOUTH INITIATIVE
    PO BOX 1008
    TOLEDO,OH43697     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    JUPITER MEDICAL CENTER
    1210 S OLD DIXIE HWY
    JUPITER,FL33458     		  PUBLIC CHARITY GENERAL PURPOSE 30,000
    OGELTHORPE UNIVERSITY
    4484 PEACHTREE RD NE
    BROOKHAVEN,GA30319     		  PUBLIC CHARITY GENERAL PURPOSE 800,000
    HOBE SOUND BIBLE COLLEGE
    PO BOX 1065
    HOBE SOUND,FL33475     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    MULIT-AGENCY ALLIANCE FOR CHILDREN INC
    225 PEACHTREE ST NE SUITE 900
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    Total .................................bullet 3b 2,615,000
    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 ...........     		    14 894,307  
    4 Dividends and interest from securities....     14 419,306  
    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..... 900099 816,430 14 80  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,882,578  
    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).. 816,430 4,196,271 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,012,701
    (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
    EAST LAKE HOLDINGS INC 501 (C)(2) COMMON OFFICERS
    EAST LAKE SHOPPING CENTER INC 501 (C)(2) COMMON OFFICERS
    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

    Form 990PF Part XV Line 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
    ATLANTA PARTNERSHIP OF BUSINESS AND EDUCATION INC130 TRINITY AVE SW
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    ATLANTA WEALTH BUILDING INITIATIVE INC504 FAIR STREET SW
    ATLANTA,GA30313     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    ATLANTA VOLUNTEER LAWYERS FOUNDATION INC235 PEACHTREE ST S1750 N TOWER
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    BOYS & GIRLS CLUB OF MARTIN COUNTY INCPO BOX 910 11500 SE LARES AVENUE
    HOBE SOUND,FL33455     		  PUBLIC CHARITY GENERAL PURPOSE 300,000
    BIG BROTHERS BIG SISTERS OF METRO ATLANTA INCPO BOX 78215
    ATLANTA,GA30357     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    CHRIS 180 INC1017 FAYETTEVILLE RD SUITE B
    ATLANTA,GA30316     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    CHRIST MEMORIAL CHAPEL52 S BEACH RD
    HOBE SOUND,FL33455     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    COMMUNITIES IN SCHOOLS OF ATLANTA INC260 PEACHTREE STREET NW SUITE 750
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    CONCRETE JUNGLE INC1050 OAKLEIGH DRIVE
    EAST POINT,GA30344     		  PUBLIC CHARITY GENERAL PURPOSE 37,744
    COR INC227 SANDY SPRINGS PLACE SUITE D445
    ATLANTA,GA30328     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    COVENANT HOUSE461 EIGHTH AVENUE
    NEW YORK,NY10001     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    DREW CHARTER SCHOOL INC300 EVA DAVIS WAY
    ATLANTA,GA30317     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    FOCUSED COMMUNITY STRATEGIESPO BOX 17628
    ATLANTA,GA30316     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    GEORGIA AQUARIUM225 BAKER ST NW
    ATLANTA,GA30313     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    GIWAYEN MATA INC1241 CAMPBELLTON PL SW
    ATLANTA,GA30310     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    GROVE PARK FOUNDATION1566 DONALD LEE HOLLOWELL PKWY NW
    SUITE 105
    ATLANTA,GA30318     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    HISTORIC SOUTH INITIATIVEPO BOX 1008
    TOLEDO,OH43697     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    HOBE SOUND BIBLE COLLEGEPO BOX 1065
    HOBE SOUND,FL33475     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    HOBE SOUND COMMUNITY CHEST INC11450 SE DIXIE HIGHWAY SUITE 106
    HOBE SOUND,FL33455     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    INTERNATIONAL RESCUE COMMITTEE INC122 E 42ND ST
    NEW YORK,NY10168     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    JUPITER MEDICAL CENTER1210 S OLD DIXIE HWY
    JUPITER,FL33458     		  PUBLIC CHARITY GENERAL PURPOSE 30,000
    LA AMISTAD3434 ROSWELL RD NE
    ATLANTA,GA30305     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    LATIN AMERICAN ASSOCIATION2750 BUFORD HWY
    ATLANTA,GA30324     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    LEAP YEAR229 PEACHTREE ST NE STE 725
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    LOAVES AND FISHES OF HOBE SOUND9307 SE OLYMPIC ST
    HOBE SOUND,FL33455     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    MARION MEDICAL MISSION1412 SHAWNEE DR
    MARION,IL62959     		  PUBLIC CHARITY GENERAL PURPOSE 35,000
    MULTI-AGENCY ALLIANCE FOR CHILDREN INC225 PEACHTREE ST NE SUITE 900
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    MUSIC IN THE PARK ATL2952 MOCKINGBIRD LN SW
    ATLANTA,GA30311     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    NATIONAL BLACK ARTS FESTIVAL1429 FAIRMONT AVENUE NW SUITE J
    ATLANTA,GA30318     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    NATIONAL CENTER FOR CIVIL AND HUMAN RIGHTS250 WILLIAMS ST NW STE 2322
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 102,500
    NEW AMERICAN PATHWAYS INC2300 HENDERSON MILL ROAD NE SUITE
    100
    ATLANTA,GA30345     		  PUBLIC CHARITY GENERAL PURPOSE 20,000
    OGELTHORPE UNIVERSITY4484 PEACHTREE RD NE
    BROOKHAVEN,GA30319     		  PUBLIC CHARITY GENERAL PURPOSE 200,000
    OPEN DOORS SOLUTIONS2872 WOODCOCK BLVD STE 211
    ATLANTA,GA30341     		  PUBLIC CHARITY GENERAL PURPOSE 60,000
    PAIDEIA SCHOOL INC1509 PONCE D L AVE NE
    ATLANTA,GA30307     		  PUBLIC CHARITY GENERAL PURPOSE 129,200
    PARADISE ATLANTA WESTSIDE ENRICHMENT CENTER INCPO BOX 20468
    ATLANTA,GA30325     		  PUBLIC CHARITY GENERAL PURPOSE 40,000
    PARTNERS FOR HOME818 POLLARD BLVD SW 3RD FLOOR
    ATLANTA,GA30315     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    PATH FOUNDATIONPO BOX 14327
    ATLANTA,GA30324     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    PURPOSE BUILT SCHOOLS ATLANTA1670 BENJAMIN WELDON
    ATLANTA,GA30315     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    THE SALVATION ARMY METRO ATLANTA2090 N DRUID HILLS RD
    ATLANTA,GA30329     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    SHEPHERD CENTER FOUNDATION2020 PEACHTREE RD NW
    ATLANTA,GA30309     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    STAR C CORPORATION1335 CANTON RD STE D
    MARIETTA,GA30066     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    SPELMAN COLLEGE350 SPELMAN LN SW
    ATLANTA,GA30314     		  PUBLIC CHARITY GENERAL PURPOSE 32,500
    UNITED WAY OF GREATER ATLANTA40 COURTLAND ST NE 300
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 20,000
    UNIVERSITY OF GEORGIA FOUNDATION1 PRESS PL STE 101
    ATHENS,GA30601     		  PUBLIC CHARITY GENERAL PURPOSE 1,350,000
    URBAN YOUTH HARP ENSEMBLE INC3259 BRIARWOOD BLVD
    ATLANTA,GA30344     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    WHITEFOORD INC1353 GEORGE W BRUMLEY WAY SE
    ATLANTA,GA30317     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    WOODRUFF ARTS CENTER1280 PEACHTREE ST NE
    ATLANTA,GA30309     		  PUBLIC CHARITY GENERAL PURPOSE 125,000
    YOUTH ENSEMBLE OF ATLANTA9 GAMMON ST SE
    ATLANTA,GA30315     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    YMCA OF METRO ATLANTA569 MLK JR SR NW
    ATLANTA,GA30314     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    THE COMMUNITY FOUNDATION OF GREATER ATLANTA191 PEACHTREE ST 1000
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 15,000
    Total ...............................bullet 3a 3,851,944
    bApproved for future payment
    SHEPHERD CENTER FOUNDATION2020 PEACHTREE RD NW
    ATLANTA,GA30309     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    SALVATION ARMY METRO ATLANTA AREA COMMAND2090 N DRUID HILLS RD
    ATLANTA,GA30329     		  PUBLIC CHARITY GENERAL PURPOSE 200,000
    UNIVERSITY OF GEORGIA FOUNDATION1 PRESS PL STE 101
    ATHENS,GA30601     		  PUBLIC CHARITY GENERAL PURPOSE 1,250,000
    COR INC227 SANDY SPRINGS PLACE SUITE D445
    ATLANTA,GA30328     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    NATIONAL CENTER FOR CIVIL AND HUMAN RIGHTS250 WILLIAMS ST NW STE 2322
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 100,000
    HISTORIC SOUTH INITIATIVEPO BOX 1008
    TOLEDO,OH43697     		  PUBLIC CHARITY GENERAL PURPOSE 10,000
    JUPITER MEDICAL CENTER1210 S OLD DIXIE HWY
    JUPITER,FL33458     		  PUBLIC CHARITY GENERAL PURPOSE 30,000
    OGELTHORPE UNIVERSITY4484 PEACHTREE RD NE
    BROOKHAVEN,GA30319     		  PUBLIC CHARITY GENERAL PURPOSE 800,000
    HOBE SOUND BIBLE COLLEGEPO BOX 1065
    HOBE SOUND,FL33475     		  PUBLIC CHARITY GENERAL PURPOSE 50,000
    MULIT-AGENCY ALLIANCE FOR CHILDREN INC225 PEACHTREE ST NE SUITE 900
    ATLANTA,GA30303     		  PUBLIC CHARITY GENERAL PURPOSE 25,000
    Total ................................bullet 3b 2,615,000
    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
    THE COUSINS FOUNDATION INC
     
    Employer identification number

    58-6043765
    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
    THE COUSINS FOUNDATION INC
          		Employer identification number
    58-6043765
    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
    COUSINS CHARITABLE LEAD ANNUITY TRUST
     
    3445 PEACHTREE RD STE 175
     
    ATLANTA, GA30326

    		$ 998,851


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    NONAMI LLC
     
    3445 PEACHTREE RD STE 175
     
    ATLANTA, GA30326

    		$ 152,388


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    NONAMI FOUNDATION
     
    3445 PEACHTREE RD STE 175
     
    ATLANTA, GA30326

    		$ 125,575


    (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
    THE COUSINS FOUNDATION INC
          		Employer identification number

    58-6043765
    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
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE COUSINS FOUNDATION INC
          		Employer identification number

    58-6043765
    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:
    THE COUSINS FOUNDATION INC
    EIN:
    58-6043765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 5,500 0   5,500

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE COUSINS FOUNDATION INC
    EIN:
    58-6043765
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BLACKROCK MUTUAL FUND 1,829,049 1,829,049
    COUSINS PROPERTIES STOCK 461,764 461,764
    DIMENSIONAL CORE EM FUND 2,006,421 2,006,421
    GRANDEUR PEAK EMERGING MARKETS 1,175,130 1,175,130
    VANGUARD DEVELOPED MKTS INDEX 4,654,692 4,654,692
    VANGUARD TOTAL STOCK MARKET FUND 7,753,167 7,753,167

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE COUSINS FOUNDATION INC
    EIN:
    58-6043765
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ATLANTIC TRUST MLP FUND, LP AT COST 1,389,882 1,389,882
    BAY RESOURCES OFFSHORE AT COST 26,837 26,837
    BLUE SPRINGS CAP HLDGS, LLC AT COST 1,223,658 1,223,658
    CHATHAM CASCADE III AT COST 16,912 16,912
    COMMONFUND CAPITAL INTL PARTNERS VI AT COST 176,643 176,643
    COMMONFUND CAPITAL PRIVATE EQUITY VII AT COST 469,274 469,274
    COMMONFUND CAPITAL VENTURE VIII AT COST 324,716 324,716
    COMMONFUND NATURAL RESOURCES AT COST 601,857 601,857
    FARALLON INSTITUTIONAL PARTNERS AT COST 59,818 59,818
    GSO SPECIAL SITUATIONS OVERSEAS FUND AT COST 241,791 241,791
    NATURAL GAS PARTNERS IX AT COST 26,434 26,434
    NONAMI INVESTMENTS III AT COST 19,558,599 19,558,599
    NONAMI INVESTMENTS IV AT COST 469,291 469,291
    NONAMI INVESTMENTS V AT COST 3,409,725 3,409,725
    POINTER OFFSHORE AT COST 5,194,718 5,194,718
    REGIMENT SSF V AT COST 36,988 36,988
    STONY POINT CAPITAL PARTNERS AT COST 1,101,052 1,101,052
    TAP FUND AT COST 870,960 870,960

    TY 2020 LegalFeesSchedule
    Name:
    THE COUSINS FOUNDATION INC
    EIN:
    58-6043765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 4,498 0   4,498


    TY 2020 OtherDecreasesSchedule
    Name:
    THE COUSINS FOUNDATION INC
    EIN:
    58-6043765
    Description Amount
    BOOK-TO-TAX ADJUSTMENT 3,956,460


    TY 2020 OtherExpensesSchedule
    Name:
    THE COUSINS FOUNDATION INC
    EIN:
    58-6043765
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    K-1 OTHER DEDUCTIONS 757,549 757,549   0
    INVESTMENT EXPENSE 5,410 5,410   0
    OFFICE EXPENSE 392 0   392
    BANK CHARGES 390 0   390
    OTHER K-1 LOSS 219,370 219,370   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE COUSINS FOUNDATION INC
    EIN:
    58-6043765
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER K-1 INCOME SUBJECT TO UBIT 816,430 816,430 816,430
    OTHER INCOME 80 80 80


    TY 2020 OtherIncreasesSchedule
    Name:
    THE COUSINS FOUNDATION INC
    EIN:
    58-6043765
    Description Amount
    UNREALIZED GAIN/LOSS 7,357,072
    GRANTS PAYABLE INCLUDED IN RETAINED EARNINGS 2,065,000


    TY 2020 TaxesSchedule
    Name:
    THE COUSINS FOUNDATION INC
    EIN:
    58-6043765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES AND LICENSES 169,482 26,392   90