TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
THE ROBERT S & HELEN GREY TRIPPET
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 701775
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
TULSA, OK741701775

A Employer identification number

73-1390841

B Telephone number (see instructions)

(918) 630-1134

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$12,893,597J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	2,100
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	309,041		309,041	309,041
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,204,141
b	Gross sales price for all assets on line 6a 4,339,076
7	Capital gain net income (from Part IV, line 2)...			2,204,141
8	Net short-term capital gain.........				66,827
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........	2,515,282		2,513,182	375,868
13	Compensation of officers, directors, trustees, etc.	99,250		89,325		9,925
14	Other employee salaries and wages......	54,650		14,145		40,505
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		861	430		431
b	Accounting fees (attach schedule).......		5,825	2,913		2,912
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		3,351	335		3,016
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........	282		141		141
23	Other expenses (attach schedule).......		3,441	1,658		1,783
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	167,660		108,947		58,713
25	Contributions, gifts, grants paid.......	452,500				452,500
26	Total expenses and disbursements. Add lines 24 and 25	620,160		108,947		511,213
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,895,122
b	Net investment income (if negative, enter -0-)			2,404,235
c	Adjusted net income (if negative, enter -0-)...				375,868

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,526	238	239
	2	Savings and temporary cash investments.........	94,322	4,313	4,313
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	3,436,850	4,202,101	6,958,160
	c	Investments—corporate bonds (attach schedule).......	824,352	824,352	843,138
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,672,222	4,861,959	5,087,747
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	8,029,272	9,892,963	12,893,597
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	44,619	44,619
	28	Retained earnings, accumulated income, endowment, or other funds	7,984,653	9,848,344
	29	Total net assets or fund balances (see instructions).....	8,029,272	9,892,963
	30	Total liabilities and net assets/fund balances (see instructions).	8,029,272	9,892,963

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

8,029,272

Enter amount from Part I, line 27a .....................

1,895,122

Other increases not included in line 2 (itemize) bullet

2,983

Add lines 1, 2, and 3 ..........................

9,927,377

Decreases not included in line 2 (itemize) bullet

34,414

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

9,892,963

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	CHARLES SCHWAB - AUG ST	P	2019-11-21	2020-08-20
b	CHARLES SCHWAB - JUL ST	P	2020-07-16	2021-07-15
c	CHARLES SCHWAB - AUG LT	P	2006-12-15	2020-08-20
d	CHARLES SCHWAB - JUL LT	P	2018-11-19	2021-07-21
e	CHARLES SCHWAB - SEPT LT	P	2018-08-17	2020-09-22
	CHARLES SCHWAB - OCT ST	P	2020-03-25	2020-10-15
	CHARLES SCHWAB - OCT LT	P	2010-10-21	2020-10-15
	CHARLES SCHWAB - NOV LT	P	2018-05-18	2020-11-19
	CHARLES SCHWAB - DEC ST	P	2020-01-13	2020-12-09
	CHARLES SCHWAB - DEC LT	P	2018-08-17	2020-12-09
	CHARLES SCHWAB - JAN LT	P	2017-10-23	2021-01-25
	CHARLES SCHWAB - MAR ST	P	2020-05-21	2021-03-18
	CHARLES SCHWAB - MAR LT	P	2015-11-19	2021-03-18
	CHARLES SCHWAB - APR ST	P	2020-08-20	2021-04-15
	CHARLES SCHWAB - APR LT	P	2010-02-18	2021-04-15
	CHARLES SCHWAB - MAY LT	P	2020-03-25	2021-05-20
	CHARLES SCHWAB - JUN LT	P	2020-01-17	2021-06-17

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	14,796	15,252	-456
b	6,903	7,572	-669
c	117,093	187,423	-70,330
d	221,439	225,478	-4,039
e	5,005	5,477	-472
	129,090	56,162	72,928
	1,652,206	281,347	1,370,859
	469,361	454,607	14,754
	6,866	7,189	-323
	279,694	289,210	-9,516
	3,026	3,053	-27
	18,795	21,776	-2,981
	208,796	139,813	68,983
	5,890	7,562	-1,672
	275,335	116,732	158,603
	583,797	66,877	516,920
	340,984	249,405	91,579

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			-456
b			-669
c			-70,330
d			-4,039
e			-472
			72,928
			1,370,859
			14,754
			-323
			-9,516
			-27
			-2,981
			68,983
			-1,672
			158,603
			516,920
			91,579

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,204,141
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 ...................		3	66,827

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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	33,419
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
3	Add lines 1 and 2...........................	3	33,419
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	33,419
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	18,440
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	18,440
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	336
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	15,315
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

ROBERT SIMPSON Telephone no. bullet

(918) 630-1134

Located at bullet

PO BOX 701775TULSAOK ZIP+4 bullet

741701775

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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-)
ROBERT C SIMPSON	PRESIDENT 6.50	35,700
7108 SLEEPY HOLLOW DRIVE TULSA,OK74136	PRESIDENT 6.50	35,700
J W MOORE JR	VICE PRESIDE 4.50	0
PO BOX 35123 TULSA,OK74153	VICE PRESIDE 4.50	0
SCOTT SHEA SIMPSON	VICE PRESIDE 3.00	18,600
1630 EAST 36TH ST TULSA,OK74105	VICE PRESIDE 3.00	18,600
CORY SIMPSON	VICE PRESIDE 3.00	18,600
1630 E 36TH ST TULSA,OK74105	VICE PRESIDE 3.00	18,600
LARRY GRINDSTAFF	VICE PRESIDE 3.00	18,600
6626 S INDIANAPOLIS TULSA,OK74136	VICE PRESIDE 3.00	18,600
ROBERT C SIMPSON JR	VICE-PRESIDE 3.00	7,750
4004 CASTLEROCK ROAD NORMAN,OK730721750	VICE-PRESIDE 3.00	7,750

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...................

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............. bullet

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	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

12,147,471

Average of monthly cash balances.......................

50,197

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

12,197,668

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

12,197,668

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

182,965

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

12,014,703

Minimum investment return. Enter 5% of line 5..................

600,735

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.)

Minimum investment return from Part X, line 6....................

600,735

Tax on investment income for 2020 from Part VI, line 5......

33,419

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

33,419

Distributable amount before adjustments. Subtract line 2c from line 1............

567,316

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

567,316

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

567,316

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

511,213

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

511,213

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

511,213

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)

Page 9

Part XIII

Undistributed Income (see instructions)

	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7		567,316
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......	356,344
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........
4Qualifying distributions for 2020 from Part
XII, line 4: $ 511,213
a Applied to 2019, but not more than line 2a	356,344
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2020 distributable amount.....		154,869
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2020.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........		412,447
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) .......
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

Form 990-PF (2020)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

ROBERT C SIMPSON
PO BOX 701775
TULSA,OK741701775
(918) 495-1819
RCSIMPSON1@COX.NET

bThe form in which applications should be submitted and information and materials they should include:

NO SPECIFIC FORM REQUIRED

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVENUE DALLAS,TX75231			UNRESTRICTED	1,000
AMERICAN RED CROSS 10151 E 11TH ST TULSA,OK74128			UNRESTRICTED	2,500
ARTHRITIS FOUNDATION 4520 S HARVARD STE 100 TULSA,OK74135			UNRESTRICTED	1,250
SCOTT CARTER FOUNDATION PO BOX 700448 TULSA,OK741700448			UNRESTRICTED	2,000
FOLDS OF HONOR DEPARTMENT 13 TULSA,OK74182			UNRESTRICTED	12,000
GIRL SCOUTS OF EASTERN OKLAHOMA 4810 S 129TH E AVE TULSA,OK74134			UNRESTRICTED	1,000
INDIAN NATIONS COUNIL BOY SCOUTS 4295 S GARNETT TULSA,OK74146			UNRESTRICTED	1,000
MAKE-A-WISH FOUNDATION OF OKALHOMA 1900 NW EXPRESSWAY SUITE 700 OKLAHOMA CITY,OK73118			UNRESTRICTED	2,000
MAPLE GROVE CEMETARY CHAPEL ASSOCIATION PO BOX 1218 SEMINOLE,OK748181218			UNRESTRICTED	2,000
MEALS ON WHEELS 12620 E 31ST ST TULSA,OK74146			UNRESTRICTED	1,000
PAWSITIVELY PITS 5321 S SHERIDAN RD STE 30 TULSA,OK74145			UNRESTRICTED	2,000
PHILBROOK ART MUSEUM 2727 SOUTH ROCKFORD ROAD TULSA,OK741174104			UNRESTRICTED	1,000
RESTORE HOPE 2960 CHARLES PAGE BLVD TULSA,OK74127			UNRESTRICTED	1,000
SALVATION ARMY 102 NORTH DENVER AVENUE TULSA,OK74103			UNRESTRICTED	1,000
SHEPARD'S FOLD RANCH PO BOX 39 AVANT,OK74001			UNRESTRICTED	1,250
SHRINERS HOSPITAL FOR CHILDREN PO BOX 1510 RANSON,WV254384510			UNRESTRICTED	2,500
SPECIAL OLYMPICS OF OKLAHOMA PO BOX 240 TULSA,OK741010240			UNRESTRICTED	2,500
ST JUDE CHILDREN'S RESEARCH HOSPIT 6161 S YALE AVE TULSA,OK74136			UNRESTRICTED	6,000
THE LITTLE LIGHT HOUSE 5120 E 36TH ST TULSA,OK74135			UNRESTRICTED	3,000
THOMAS GILCREASE MUSEUM 1400 GILCREASE MUSEUM RD TULSA,OK74127			UNRESTRICTED	8,000
TULSA AIR & SPACE MUSEUM & PLANETARIUM 3624 NORTH 74TH EAST AVE TULSA,OK74115			UNRESTRICTED	1,000
TULSA AREA UNITED WAY 1430 S BOULDER AVE TULSA,OK74119			UNRESTRICTED	1,000
TULSA BALLET 1212 E 45TH PL TULSA,OK74105			UNRESTRICTED	1,000
TULSA DAY CENTER FOR THE HOMELESS 415 W ARCHER ST TULSA,OK74103			UNRESTRICTED	2,500
TULSA HABITAT FOR HUMANITY 6235 E 13TH ST TULSA,OK74112			UNRESTRICTED	2,500
TULSA HISTORICAL SOCIETY 2445 S PEORIA AVE TULSA,OK74114			UNRESTRICTED	1,000
TULSA SYMPHONY ORCHESTRA 111 E 1ST ST TULSA,OK74103			UNRESTRICTED	1,000
TUNNEL 2 TOWERS FOUNDATION 2361 HYLAN BOULEVARD STATEN ISLAND,NY10306			UNRESTRICTED	1,000
WOUNDED WARRIOR PROJECT 12672 SILICON DRIVE SUITE 105 SAN ANTONIO,TX78249			UNRESTRICED	8,000
NORTHEASTERN STATE UNIVERSITY FDN 812 N CEDAR AVE TAHLEQUAH,OK744642406			COLLEGE SCHOLARSHIPS	106,250
OKLAHOMA STATE UNIVERSITY 400 S MONROE ST STILLWATER,OK74078			COLLEGE SCHOLARSHIPS	125,500
UNIVERSITY OF OKLAHOMA FDN 100 TIMBERDELL RD NORMAN,OK730190685			COLLEGE SCHOLARSHIPS	147,750
Total ................................. 3a				452,500

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	309,041
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	2,204,141
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)..				2,513,182

13Total. Add line 12, columns (b), (d), and (e)..................

2,513,182

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

THE ROBERT S & HELEN GREY TRIPPET

FOUNDATION INC

EIN:

73-1390841

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	5,825	2,913		2,912

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE ROBERT S & HELEN GREY TRIPPET

FOUNDATION INC

EIN:

73-1390841

Name of Bond	End of Year Book Value	End of Year Fair Market Value
GATX CORP	213,103	207,299
BEAM INC	201,378	208,691
COMPUTER LEASING	210,183	213,021
LABORATORY CORP	199,688	214,127

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE ROBERT S & HELEN GREY TRIPPET

FOUNDATION INC

EIN:

73-1390841

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	58,609	59,382
ACCENTURE PLC	51,171	63,536
ACTIVISION BLIZZARD	15,072	20,905
ALPHABET INC	75,427	134,727
AMAZON.COM INC	511,015	998,277
AMER ELECTRIC PWR CO	14,861	13,218
APPLE INC	256,559	656,370
AT&T	29,641	28,050
AURORA CANNABIS INC
BAIDU COM INC	11,257	6,560
BANK OF AMERICAN CORP	11,009	38,360
BEST BUY	17,107	16,853
BOEING CO	41,596	56,620
BOK FINL CO
BRISTOL MYERS SQUIBB	26,685	27,148
BUILDERS FIRST SOURCE	19,864	18,245
BYRNA TECHNOLOGIES INC	12,600	24,000
CANOPY GROWTH CORP
CARRIER GLOBALCORP	21,637	33,150
CATERPILLAR INC	49,220	103,375
CENTENE CORP	28,009	47,478
CHARGEPOINT HOLDINGS	11,192	11,825
CHEGG INC	9,601	11,079
COLUMBUS MCKINNON CO	20,074	17,400
CONOCOPHILLIPS	57,276	56,060
CONSTELLATION BRAND	10,352	11,217
COSTCO WHOLESALE CO	83,662	128,916
CSX CORP	2,247	24,240
CULLEN FROST BANKERS	29,034	53,660
D R HORTON CO	27,404	28,629
DARDEN RESTAURANTS	46,705	72,940
DEERE & CO	62,514	90,398
DIAGEO PLC	65,291	79,284
DOW INC	23,642	31,080
ELECTRONIC ARTS INC	40,986	43,188
ELEMENT SOLUTIONS INC	23,213	35,085
EMERSON ELECTRIC CO	50,650	70,623
EVOQUA WATER TECH	9,919	11,554
EXELON CORP
EXXON MOBIL CORP	38,167	57,570
FACEBOOK INC	20,551	53,445
FLUTTER ENTERTAINMENT	11,693	17,220
FOUR CORNERS PROPERTY TR	11,806	14,355
FOX CORP	9,913	9,628
GARMIN LTD	69,908	125,760
GENERAL DYNAMICS CO	15,789	39,206
GO DADDY GROUP INC	9,707	12,578
GOLDMAN SACHS GROUP	52,808	187,440
GOPRO INC	7,074	10,240
HCA HEALTHCARE INC	118,327	223,380
HEWLETT PACKARD ENTERPRI	9,922	9,063
HONEYWELL INTL INC	8,498	58,448
IBM CORP
INTEL CORP	12,997	10,744
INTERNATIONAL PAPER	32,138	57,760
INTUITIVE SURGICAL	27,605	49,573
J M SMUCKER CO	12,667	13,111
JOHNSON & JOHNSON	68,454	68,880
KINDER MORGAN INC	9,097	8,690
KLA CORP	4,368	34,816
KRAFT HEINZ CO	9,872	10,964
LAB CO OF AMER HLDG	35,523	59,230
LEIDOS HOLDINGS INC	21,148	26,605
LOCKHEED MARTIN CORP	72,123	92,918
LOWES COMPANIES	27,986	57,807
MARSH & MCLENNAN CO	69,425	103,054
MASIMO CORP
MATCH GROUP INC	9,711	16,405
MCCORMICK & CO INC
MCDONALDS CORP	21,759	60,678
MERCK & CO INC
METLIFE INC	19,292	17,310
MICROSOFT CORP	38,590	85,473
MYOKARKIA INC
NESTLE S A	10,929	12,666
NETFLIX INC	44,384	51,757
NEXTERA ENERGY INC	14,258	17,138
NICE LTD	3,564	5,573
NIKE INC	10,160	16,751
NINTENDO LTD	10,067	13,493
NIPPPON TELEG & TELEPH
NORFOLK SOUTHERN CO	12,487	64,458
NORTHROP GRUMMAN CO
NOVARTIS AG	8,678	9,239
NVIDIA CORP	63,205	155,992
OGE ENERGY CP HLDG
OTIS WORLDWIDE CORP	25,679	35,820
PAYPAL HOLDINGS INCORP	55,786	82,659
PEPSICO INC	28,540	31,390
PHILLIPS 66	64,789	73,430
PINNACLE WEST CAP	28,291	33,420
RANGE RESOURCES CORP	5,590	6,092
RAYTHEON TECHNOLOGIES CO	39,252	43,475
RIO TINTO PLC	4,887	8,631
ROBO GBL RBTCS & ATMTN	9,806	9,869
SCHLUMBERGER LTD	15,845	14,415
SERVICE NOW INC	10,166	20,576
SHOPIFY INC	8,178	37,498
SOLAREDGE TECH	12,338	19,461
SONY CORP	24,088	52,150
SOUTHERN CO	15,920	15,009
SPLUNK INC	9,983	7,099
SQUARE INC	35,439	49,452
STRYKER CORP	31,360	54,188
SYNOPSYS INC	10,553	21,599
T-MOBILE US INC	10,622	14,402
TAKE TWO INTERACTIV	12,528	13,007
TARGET CORP	104,045	130,525
TESLA INC	39,923	68,720
TEXAS ROADHOUSE	9,896	13,826
THERMO FISHER SCNTFC	20,205	32,401
THOMSON REUTERS CORP	53,307	105,990
TJX COMPANIES INC	46,251	68,810
TOYOTA MOTOR CORP	35,640	53,952
TRACTOR SUPPLY COMP	43,217	54,279
TRANSUNION	17,865	30,015
TRAVELERS COMPANIES	23,214	29,784
U G I CORP	22,195	22,995
UNION PACIFIC CORP	140,359	218,760
UNITED PARCEL SRVC	10,405	12,438
UNITEDHEALTH GRP INC	16,049	41,222
VALERO ENERGY CORP	16,948	20,091
VERIZON COMMUNICATION	24,753	27,890
VISA INC	14,674	17,247
VULCAN MATERIALS COM	54,112	53,997
WALMART INC	79,504	99,785
WALT DISNEY CO	63,799	88,010
WIX COM LTD	5,199	10,452
XCEL ENERGY INC
YUM BRANDS INC	3,328	16,424
ZOOM VIDEO COMMUNICATION	8,602	18,905
ZYNGA INC	9,220	15,150

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

THE ROBERT S & HELEN GREY TRIPPET

FOUNDATION INC

EIN:

73-1390841

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
GLOBAL X SILVER MINERS	AT COST	36,122	42,180
ISHARES HIGH YEILD	AT COST	1,135,975	1,156,704
ISHARES INTEREST RATE	AT COST	336,813	342,783
ISHARES MORN ML TI	AT COST	1,474,848	1,533,177
ISHARES PREFERRED INCOME	AT COST	1,781,625	1,884,670
ISHARES US AEROSPACE	AT COST	10,103	10,797
SCHWAB US BROAD MARKET	AT COST	14,870	21,228
SPDR GOLD SHARES ETF EC	AT COST	57,423	67,928
AMERN TOWER CORP	AT COST	14,180	28,280

- TIN:

TY 2020 LegalFeesSchedule

Name:

THE ROBERT S & HELEN GREY TRIPPET

FOUNDATION INC

EIN:

73-1390841

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	861	430		431

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

THE ROBERT S & HELEN GREY TRIPPET

FOUNDATION INC

EIN:

73-1390841

Description	Amount
FEDERAL TAXES PAID	34,414

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE ROBERT S & HELEN GREY TRIPPET

FOUNDATION INC

EIN:

73-1390841

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXPENSES
OMNI TRADER	389	389
OFFICE EXPENSE	1,368	550	818
PO BOX RENTAL	130	50	80
PAYROLL SERVICE FEE	1,370	550	820
POSTAGE	110	45	65
INVESTMENT FEES	74	74

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

THE ROBERT S & HELEN GREY TRIPPET

FOUNDATION INC

EIN:

73-1390841

Description	Amount
PY REFUND	2,983

- TIN:

TY 2020 TaxesSchedule

Name:

THE ROBERT S & HELEN GREY TRIPPET

FOUNDATION INC

EIN:

73-1390841

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PAYROLL TAXES	3,351	335		3,016