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 08-01-2020 , and ending 07-31-2021
Name of foundation
BERTHA MCQUEEN FORTUNE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - MC 100-01-02-50
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907
A Employer identification number

58-6386865
B Telephone number (see instructions)

(252) 246-4722
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$975,929J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 16,989 16,583  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 79,017
b Gross sales price for all assets on line 6a 541,942
7 Capital gain net income (from Part IV, line 2)... 79,017
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).......      
12 Total. Add lines 1 through 11........ 96,006 95,600  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 13,971 6,985   6,986
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).......        
c Other professional fees (attach schedule).... Click to see attachment 987     987
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,363 139   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 1 1    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 16,322 7,125 0 7,973
25 Contributions, gifts, grants paid....... 38,074 38,074
26 Total expenses and disbursements. Add lines 24 and 25 54,396 7,125 0 46,047
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 41,610
b Net investment income (if negative, enter -0-) 88,475
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.............   438 438
2 Savings and temporary cash investments......... 11,468 18,997 18,997
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)....... 375,476 Click to see attachment101,199 156,541
c Investments—corporate bonds (attach schedule)....... 401,048 Click to see attachment205,151 200,236
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 attachment503,439 599,717
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) 787,992 829,224 975,929
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........ 787,992 829,224
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)..... 787,992 829,224
30 Total liabilities and net assets/fund balances (see instructions). 787,992 829,224
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
787,992
2
Enter amount from Part I, line 27a .....................
2
41,610
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3
4
Add lines 1, 2, and 3 ..........................
4
829,605
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
381
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
829,224
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 33. BROOKFIELD PROPERTY CL A REIT     2020-09-08
b 230.236 INVESCO DEVELOPING MARKETS FUND     2020-10-21
c 1685.301 DOUBLELINE TOTL RET BND-I     2020-10-21
d 4.713 HARDING LOEVNER INTL EQ-INST   2020-03-13 2020-10-21
e 812.404 HARDING LOEVNER INTL EQ-INST     2020-10-21
387. ISHARES 1-5Y INV GRADE CORP ETF   2020-06-18 2020-10-21
4. MAXIM INTEGRATED PRODUCTS INC COMON   2020-03-13 2020-10-21
17. MAXIM INTEGRATED PRODUCTS INC COMON     2020-10-21
5438.073 METROPOLITAN WEST T/R BD-PLN     2020-10-21
518.359 MSIF GLOBAL OPPORTUNITY-IS     2020-10-21
4968.939 PGIM INVESTMENTS TTL RETURN BOND R6     2020-10-21
104.296 PGIM INVESTMENTS TTL RETURN BOND R6   2020-01-17 2020-10-21
1.559 TOUCHSTONE MID CAP GROW-INST   2020-03-13 2020-10-21
218.34 TOUCHSTONE MID CAP GROW-INST     2020-10-21
.244 TOUCHSTONE MID CAP VALUE-INS   2020-03-13 2020-10-21
825.206 TOUCHSTONE MID CAP VALUE-INS     2020-10-21
1. UNITED PARCEL SERVICES B   2017-08-03 2020-10-21
2. VARIAN MED SYS INC   2017-08-03 2020-10-21
3.174 VIRTUS KAR SMALL CAP VALUE I   2020-03-13 2020-10-21
704.686 VIRTUS KAR SMALL CAP VALUE I     2020-10-21
2. ABBOTT LABORATORIES   2017-11-07 2021-02-24
1. ABBVIE INC   2020-01-17 2021-02-24
3. ALIBABA GROUP HLDG LTD   2020-10-21 2021-02-24
1. ALIBABA GROUP HLDG LTD   2018-02-06 2021-02-24
1. AMAZON INC COMMON   2020-10-21 2021-02-24
1. ANALOG DEVICES INC   2018-02-06 2021-02-24
3. AUTODESK, INC. COMMON     2021-02-24
1. AUTOMATIC DATA PROCESSING INC   2017-11-07 2021-02-24
1. BOEING COMPANY   2020-06-03 2021-02-24
3. CVS CORP COMMON     2021-02-24
4. CERNER CORP     2021-02-24
7. CISCO SYSTEMS   2017-08-03 2021-02-24
2. CITIGROUP INC   2020-06-03 2021-02-24
3. COLGATE PALMOLIVE COMPANY   2019-05-31 2021-02-24
3. DEERE & COMPANY     2021-02-24
7. DISCOVER FINL SVCS     2021-02-24
2. EXPEDITORS INTERNATIONAL   2017-11-07 2021-02-24
3. EXPEDITORS INTERNATIONAL   2020-10-21 2021-02-24
2. FACEBOOK INC CL A   2020-10-21 2021-02-24
1. FACEBOOK INC CL A   2016-10-07 2021-02-24
1. GOLDMAN SACHS GROUP COMMON   2020-06-03 2021-02-24
1. HOME DEPOT INCORPORATED   2020-10-21 2021-02-24
74. ISHARES BARCLAYS CREDIT BOND ETF   2020-10-21 2021-02-24
2. JOHNSON & JOHNSON   2016-10-07 2021-02-24
707.741 METROPOLITAN WEST T/R BD-PLN     2021-02-24
5. MICROSOFT CORPORATION     2021-02-24
7. MONSTER BEVERAGE CORP   2017-11-07 2021-02-24
5.456 MSIF GLOBAL OPPORTUNITY-IS   2017-08-07 2021-02-24
9. NASDAQ OMX GROUP INC     2021-02-24
2. NOVO-NORDISK A S ADR   2017-08-03 2021-02-24
2. NVIDIA CORP COMMON     2021-02-24
12. ORACLE SYSTEM CORPORATION     2021-02-24
1. PEPSICO INCORPORATED   2020-10-21 2021-02-24
8. PHILLIPS 66   2019-02-01 2021-02-24
3. QUALCOMM INC COMMON   2017-08-03 2021-02-24
1. REGENERON PHARMACEUTICALS INC   2017-11-07 2021-02-24
3. RESTAURANT BRANDS INTERNATIONAL INC   2020-01-17 2021-02-24
10. ROCHE HLDG LTD SPONS ADR   2020-01-17 2021-02-24
5. SEI INVESTMENTS CO   2017-11-07 2021-02-24
3. SALESFORCE COM INC     2021-02-24
4. STARBUCKS CORPORATIONS COMMON   2019-05-31 2021-02-24
2. TYSON FOODS, INC. COMMON   2020-10-21 2021-02-24
1. VARIAN MED SYS INC   2017-08-03 2021-02-24
4. VISA INC     2021-02-24
1. WORKDAY INC-CLASS A   2020-10-21 2021-02-24
2. YUM! BRANDS, INC. COMMON   2017-08-03 2021-02-24
2. ACCENTURE PLC IRELAND SHS   2017-11-07 2021-02-24
2. MEDTRONIC PLC     2021-02-24
1. CHUBB LTD   2018-08-06 2021-02-24
1. ALIBABA GROUP HLDG LTD   2020-03-13 2021-06-14
405.904 CAUSEWAY INTL VALUE-INST   2020-03-13 2021-06-14
1. DISNEY WALT COMPANY   2021-02-24 2021-06-14
2. FACEBOOK INC CL A   2016-10-07 2021-06-14
110.944 HARDING LOEVNER INTL EQ-INST   2020-03-13 2021-06-14
1. ILLUMINA INC   2020-06-03 2021-06-14
416. ISHARES GOLD TRUST   2021-02-24 2021-06-14
218. ISHARES BARCLAYS CREDIT BOND ETF   2020-10-21 2021-06-14
49.609 MSIF GLOBAL OPPORTUNITY-IS     2021-06-14
3. NASDAQ OMX GROUP INC     2021-06-14
3. NASDAQ OMX GROUP INC   2020-10-21 2021-06-14
2. NOVARTIS AG   2021-02-24 2021-06-14
6. PHILLIPS 66     2021-06-14
4. PHILLIPS 66   2020-10-21 2021-06-14
1646.196 PIMCO INVESTMENT GRD CORP-IN   2020-10-21 2021-06-14
1. QUALCOMM INC COMMON   2020-10-21 2021-06-14
1. SALESFORCE COM INC   2020-06-03 2021-06-14
107.765 TOUCHSTONE MID CAP GROW-INST   2020-03-13 2021-06-14
393.411 TOUCHSTONE MID CAP VALUE-INS   2020-03-13 2021-06-14
1. VISA INC   2020-10-21 2021-06-14
90.563 VIRTUS KAR SMALL CAP VALUE I   2020-03-13 2021-06-14
1. WORKDAY INC-CLASS A   2020-06-03 2021-06-14
2. YUM CHINA HOLDINGS INC   2017-08-03 2021-06-14
163.89 VANGUARD 500 INDEX ADMIRAL FUND   2020-10-21 2021-06-15
.6 ORGANON & CO     2021-06-24
125.04 JOHCM INTERNATIONAL SEL-I   2020-06-18 2021-07-14
129.773 DOUBLELINE TOTL RET BND-I   2016-10-11 2021-07-14
485.338 EATON VANCE-ATLANTA SMID-R6   2020-06-18 2021-07-14
26. ISHARES BARCLAYS CREDIT BOND ETF   2020-10-21 2021-07-14
175. ISHARES US TREASURY BOND ETF   2020-06-18 2021-07-14
2007.09 NEUBERGER BERMAN HIGH INCM BD-INS   2020-06-18 2021-07-14
163.615 PIMCO INVESTMENT GRD CORP-IN   2020-10-21 2021-07-14
410.324 T ROWE PR QM US S/C GR EQ-I   2020-06-18 2021-07-14
180.208 VAN ECK EMERGING MARKETS-I     2021-07-14
11. VANGUARD SHORT TERM BOND ETF   2021-06-14 2021-07-14
53.932 VANGUARD M/B SEC INDEX-ADM   2020-06-18 2021-07-14
24.861 VANGUARD 500 INDEX ADMIRAL FUND   2020-10-21 2021-07-14
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 371   495 -124
b 10,791   9,016 1,775
c 18,050   18,338 -288
d 119   90 29
e 20,456   17,491 2,965
21,254   21,144 110
293   183 110
1,244   821 423
59,275   54,713 4,562
21,740   11,269 10,471
73,640   72,330 1,310
1,546   1,512 34
59   44 15
8,196   6,988 1,208
4   4  
14,656   14,588 68
174   112 62
344   195 149
67   49 18
14,883   11,164 3,719
245   110 135
109   88 21
748   929 -181
249   185 64
3,145   3,171 -26
159   89 70
888   386 502
175   112 63
227   169 58
210   233 -23
281   262 19
318   221 97
136   106 30
231   209 22
1,035   434 601
679   451 228
184   123 61
276   282 -6
528   561 -33
264   129 135
327   210 117
260   284 -24
4,441   4,496 -55
327   238 89
7,269   7,311 -42
1,162   263 899
617   404 213
260   115 145
1,274   659 615
145   85 60
1,136   333 803
778   603 175
132   139 -7
694   754 -60
417   159 258
463   407 56
184   193 -9
417   424 -7
290   325 -35
715   682 33
413   304 109
138   116 22
176   97 79
874   515 359
261   224 37
208   150 58
517   286 231
238   160 78
171   139 32
214   190 24
7,530   4,489 3,041
177   198 -21
671   257 414
3,406   2,117 1,289
448   357 91
14,766   14,253 513
13,107   13,244 -137
2,340   1,290 1,050
524   251 273
524   394 130
187   175 12
544   511 33
363   198 165
18,026   18,207 -181
136   130 6
246   175 71
4,664   3,011 1,653
9,646   5,799 3,847
233   199 34
2,567   1,404 1,163
233   182 51
138   74 64
64,433   51,991 12,442
18   19 -1
3,986   3,077 909
1,373   1,412 -39
20,971   16,531 4,440
1,580   1,580  
4,668   4,884 -216
17,763   16,418 1,345
1,808   1,810 -2
20,496   15,367 5,129
4,103   3,895 208
904   906 -2
1,152   1,172 -20
10,043   7,887 2,156
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
      6,401
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       -124
b       1,775
c       -288
d       29
e       2,965
      110
      110
      423
      4,562
      10,471
      1,310
      34
      15
      1,208
       
      68
      62
      149
      18
      3,719
      135
      21
      -181
      64
      -26
      70
      502
      63
      58
      -23
      19
      97
      30
      22
      601
      228
      61
      -6
      -33
      135
      117
      -24
      -55
      89
      -42
      899
      213
      145
      615
      60
      803
      175
      -7
      -60
      258
      56
      -9
      -7
      -35
      33
      109
      22
      79
      359
      37
      58
      231
      78
      32
      24
      3,041
      -21
      414
      1,289
      91
      513
      -137
      1,050
      273
      130
      12
      33
      165
      -181
      6
      71
      1,653
      3,847
      34
      1,163
      51
      64
      12,442
      -1
      909
      -39
      4,440
       
      -216
      1,345
      -2
      5,129
      208
      -2
      -20
      2,156
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 79,017
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: 2020-03-11(attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,230
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 1,230
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 1,230
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 360
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 360
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 9 870
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 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$   (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)
    bulletSC
    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 addressbullet  
    14
    The books are in care ofbulletBRANCH BANKING & TRUST COMPANY Telephone no.bullet (252) 246-4722

    Located atbullet223 NASH ST W FL 2WILSONNC ZIP+4bullet27893
    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
    BRANCH BANKING AND TRUST COMPANY TRUSTEE
    12     		13,971    
    223 NASH ST W FL 2
    WILSON,NC27893
    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
    925,849
    b
    Average of monthly cash balances.......................
    1b
    16,585
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    942,434
    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
    942,434
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    14,137
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    928,297
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    46,415
    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
    46,415
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,230
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,230
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    45,185
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    45,185
    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
    45,185
    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
    46,047
    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
    46,047
    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
    46,047
    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 45,185
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 38,074
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 46,047
    a Applied to 2019, but not more than line 2a 38,074
    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..... 7,973
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		37,212
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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 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
    ANDERSON UNIVERSITY
    316 BLVD
    ANDERSON,SC29621     		NONE PC SCHOLARSHIPS 38,074
    Total .................................bullet 3a 38,074
    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 ...........     		         
    4 Dividends and interest from securities....     14 16,989  
    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 79,017  
    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)..   96,006  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    96,006
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    BERTHA MCQUEEN FORTUNE FOUNDATION
    EIN:
    58-6386865
    Name of Bond End of Year Book Value End of Year Fair Market Value
    258620103 DOUBLELINE TOTAL RET 40,076 39,304
    46429B267 ISHARES US TREASURY 134,357 130,201
    921937827 VANGUARD SHORT TERM 30,718 30,731

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    BERTHA MCQUEEN FORTUNE FOUNDATION
    EIN:
    58-6386865
    Name of Stock End of Year Book Value End of Year Fair Market Value
    002824100 ABBOTT LABS 2,285 3,750
    00287Y109 ABBVIE INC 1,272 2,675
    01609W102 ALIBABA GROUP HOLDIN 1,739 2,147
    02079K107 ALPHABET INC CL C 1,027 2,704
    02079K305 ALPHABET INC CL A 797 2,695
    023135106 AMAZON.COM INC 989 3,328
    032654105 ANALOG DEVICES INC 2,629 3,851
    036752103 ANTHEM INC 2,434 3,456
    052769106 AUTODESK INC 1,379 3,211
    053015103 AUTOMATIC DATA PROCE 225 419
    097023105 BOEING CO 1,854 2,491
    126650100 CVS HEALTH CORP 2,579 3,047
    127097103 CABOT OIL & GAS CORP 748 704
    156782104 CERNER CORP 748 965
    17275R102 CISCO SYSTEMS INC 2,270 3,156
    172967424 CITIGROUP INC 1,788 2,164
    191216100 COCA COLA CO 1,664 1,882
    194162103 COLGATE PALMOLIVE CO 705 875
    219350105 CORNING INC 2,098 2,805
    231021106 CUMMINS INC 2,230 2,089
    244199105 DEERE & CO 1,260 2,893
    253393102 DICKS SPORTING GOODS 1,237 1,562
    254687106 DISNEY WALT CO NEW 1,417 1,936
    254709108 DISCOVER FINL SVCS 2,780 4,600
    26875P101 EOG RESOURCES INC 1,277 1,894
    29261A100 ENCOMPASS HEALTH COR 599 749
    302130109 EXPEDITORS INTL WASH 836 1,796
    30303M102 FACEBOOK INC-A 1,415 3,919
    303075105 FACTSET RESEARCH SYS 494 1,072
    38141G104 GOLDMAN SACHS GROUP 1,991 2,999
    437076102 HOME DEPOT INC 2,511 3,610
    438516106 HONEYWELL INTERNATIO 1,656 3,507
    452327109 ILLUMINA INC 995 1,487
    46120E602 INTUITIVE SURGICAL I 579 991
    478160104 JOHNSON & JOHNSON 2,529 3,100
    502431109 L3 HARRIS TECHNOLOGI 2,052 2,494
    571748102 MARSH & MCLENNAN COS 1,393 1,619
    58933Y105 MERCK & CO INC 2,342 2,844
    594918104 MICROSOFT CORP 2,340 7,123
    61174X109 MONSTER BEVERAGE COR 1,368 2,169
    620076307 MOTOROLA SOLUTIONS, 1,243 1,567
    665859104 NORTHERN TR CORP 1,745 2,257
    66987V109 NOVARTIS AG SPONSORE 1,518 1,755
    670100205 NOVO NORDISK AS SPON 340 741
    67066G104 NVIDIA CORP 1,087 3,900
    68389X105 ORACLE CORPORATION 1,835 3,050
    68622V106 ORGANON & CO 56 58
    713448108 PEPSICO INC 2,355 2,982
    747525103 QUALCOMM INC 637 1,498
    75886F107 REGENERON PHARMACEUT 1,096 1,724
    76131D103 RESTAURANT BRANDS IN 1,824 2,046
    771195104 ROCHE HOLDING LTD SP 1,314 1,689
    784117103 SEI INVESTMENTS COMP 852 912
    79466L302 SALESFORCE COM INC 1,574 2,177
    806857108 SCHLUMBERGER LTD 1,764 865
    855244109 STARBUCKS CORP 1,778 3,400
    902494103 TYSON FOODS INC CL A 1,542 1,858
    911312106 UNITED PARCEL SERVIC 2,211 3,253
    92343V104 VERIZON COMMUNICATIO 2,066 2,287
    92826C839 VISA INC CL A 1,742 3,696
    98138H101 WORKDAY INC-CLASS A 545 703
    988498101 YUM! BRANDS INC 524 920
    98850P109 YUM CHINA HOLDINGS I 332 560
    G02602103 AMDOCS LTD 1,383 1,696
    G1151C101 ACCENTURE PLC CL A 2,358 3,812
    G5960L103 MEDTRONIC PLC 2,313 3,151
    H1467J104 CHUBB LTD 2,634 3,206

    TY 2020 InvestmentsOtherSchedule2
    Name:
    BERTHA MCQUEEN FORTUNE FOUNDATION
    EIN:
    58-6386865
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    00143W859 INVESCO DEVELOPING M AT COST 30,833 38,805
    04314H857 ARTISAN INTERNATIONA AT COST 30,740 39,467
    09250J734 BLACKROCK EVENT DRIV AT COST 20,305 19,342
    22822V101 CROWN CASTLE INTERNA AT COST 2,210 2,896
    25264S866 DIAMOND HILL CORPORA AT COST 40,672 40,737
    277902235 EATON VANCE ATLANTA AT COST 18,798 24,185
    27826A730 EATON VANCE FLOATING AT COST 20,462 20,415
    46137V357 INVESCO S&P 500 EQUA AT COST 29,623 29,925
    464287804 ISHARES CORE S&P SMA AT COST 19,000 19,185
    464288620 ISHARES BROAD USD IN AT COST 37,422 37,730
    46653M849 JOHCM INTERNATIONAL AT COST 34,839 44,748
    722005816 PIMCO INVESTMENT GRA AT COST 50,902 51,674
    921075438 VAN ECK EMERGING MAR AT COST 11,822 12,837
    92206C755 VANGUARD MORTGAGE-BA AT COST 33,511 33,088
    922908553 VANGUARD REAL ESTATE AT COST 19,032 19,238
    922908710 VANGUARD 500 INDEX F AT COST 103,268 165,445

    TY 2020 OtherDecreasesSchedule
    Name:
    BERTHA MCQUEEN FORTUNE FOUNDATION
    EIN:
    58-6386865
    Description Amount
    2020 TRANSACTIONS POSTED IN 2021 364
    RETURN OF CAPITAL 17


    TY 2020 OtherExpensesSchedule
    Name:
    BERTHA MCQUEEN FORTUNE FOUNDATION
    EIN:
    58-6386865
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 1 1   0


    TY 2020 OtherIncreasesSchedule
    Name:
    BERTHA MCQUEEN FORTUNE FOUNDATION
    EIN:
    58-6386865
    Description Amount
    ROUNDING 3


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    BERTHA MCQUEEN FORTUNE FOUNDATION
    EIN:
    58-6386865
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 987     987


    TY 2020 TaxesSchedule
    Name:
    BERTHA MCQUEEN FORTUNE FOUNDATION
    EIN:
    58-6386865
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 66 66   0
    FEDERAL TAX PAYMENT - PRIOR YE 864 0   0
    FEDERAL ESTIMATES - PRINCIPAL 360 0   0
    FOREIGN TAXES ON QUALIFIED FOR 73 73   0