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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
LILLIS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)425 S WILCOX STREET 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CASTLE ROCK, CO80104
A Employer identification number

91-6520620
B Telephone number (see instructions)

(303) 395-2633
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$12,604,363J 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 22 22  
4 Dividends and interest from securities... 112,367 132,008  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 383,390
b Gross sales price for all assets on line 6a 529,547
7 Capital gain net income (from Part IV, line 2)... 210,352
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 0 13,250  
12 Total. Add lines 1 through 11........ 495,779 355,632  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 55,329 0   55,329
15 Pension plans, employee benefits....... 4,574 0   4,574
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,818 0   6,818
c Other professional fees (attach schedule).... Click to see attachment 14,814 0   14,814
17 Interest...............   552    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,648 1,648   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,135 0   1,135
22 Printing and publications.......... 203 0   203
23 Other expenses (attach schedule)....... Click to see attachment 23,851 16,169   22,954
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 118,372 18,369   105,827
25 Contributions, gifts, grants paid....... 274,354 274,354
26 Total expenses and disbursements. Add lines 24 and 25 392,726 18,369   380,181
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 103,053
b Net investment income (if negative, enter -0-) 337,263
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 116 116 116
2 Savings and temporary cash investments......... 206,518 228,424 228,424
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,424,681 Click to see attachment2,597,325 8,309,212
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,564,974 Click to see attachment2,448,188 4,066,611
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) 5,196,289 5,274,053 12,604,363
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 5,196,289 5,274,053
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 5,196,289 5,274,053
30 Total liabilities and net assets/fund balances (see instructions). 5,196,289 5,274,053
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
5,196,289
2
Enter amount from Part I, line 27a .....................
2
103,053
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,299,342
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
25,289
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,274,053
Form 990-PF (2021)
Form 990-PF (2021)
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 SALE OF PUBLICLY TRADED SECURITIES P    
b CROSSROADS XVIII DIVERSIFIED OFFSHORE FUND, LP P    
c THROUGH K-1S P    
d CAPITAL GAINS DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 500,229   235,836 264,393
b 24,150   141,304 -117,154
c       57,945
d 5,168     5,168
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       264,393
b       -117,154
c       57,945
d       5,168
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 210,352
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 4,688
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 4,688
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 11,898
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,898
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,210
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet7,210 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCO
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 addressbulletWWW.LILLISFOUNDATION.ORG
    14
    The books are in care ofbulletTHE LILLIS FOUNDATION Telephone no.bullet (303) 395-2633

    Located atbullet425 S WILCOX ST STE 100CASTLE ROCKCO ZIP+4bullet80104
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
    No
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    GWENDOLYN H LILLIS TRUSTEE
    20.00     		0 0 0
    PO BOX 1479
    CASTLE ROCK,CO80104
    CHARLES M LILLIS TRUSTEE
    2.00     		0 0 0
    PO BOX 1479
    CASTLE ROCK,CO80104
    JESSICA L ISAACS TRUSTEE
    10.00     		0 0 0
    PO BOX 1479
    CASTLE ROCK,CO80104
    LORI L HOFF TRUSTEE
    20.00     		0 0 0
    PO BOX 1479
    CASTLE ROCK,CO80104
    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
    CARRIE KNOX SCHOLARSHIP ADMINSTR
    40.00     		55,329 0 0
    PO BOX 1479
    CASTLE ROCK,CO80104
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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 THE FOUNDATION PROVIDES FOOD, CLOTHING AND EDUCATIONAL ITEMS FOR NEEDY SENIORS, SINGLE PARENTS AND FAMILIES. 1,652
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    11,107,506
    b
    Average of monthly cash balances.......................
    1b
    194,069
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,301,575
    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
    11,301,575
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    169,524
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    11,132,051
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    556,603
    Part X
    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 IX, line 6..................
    1
    556,603
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    4,688
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,688
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    551,915
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    551,915
    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 XII, line 1 ...
    7
    551,915
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 551,915
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 327,763
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 380,181
    a Applied to 2020, but not more than line 2a 327,763
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 52,418
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		499,497
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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).)
    GWENDOLYN H LILLIS
    CHARLES M LILLIS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    A LITTLE HELP
    2755 LOCUST STREET SUITE 220
    DENVER,CO80222     		NONE PC GRANT - OLDER AUDULT SERVICES PROGRAM 5,000
    ARIZONA STATE UNIVERSITY
    STUDENT SERVICES BUILDING 2ND FLOOR
    ROOM 206
    TEMPE,AZ85281     		NONE I SCHOLARSHIP GRANT - AVERY ROGERS 2,000
    ARIZONA STATE UNIVERSITY
    STUDENT SERVICES BUILDING 2ND FLOOR
    ROOM 206
    TEMPE,AZ85281     		NONE I SCHOLARSHIP GRANT - AVERY ROGERS 2,500
    BAYLOR UNIVERSITY
    CASHIERS OFFICE ONE BEAR PLACE
    97048
    WACO,TX767987048     		NONE I SCHOLARSHIP GRANT - GRACE WHITACRE 4,000
    BAYLOR UNIVERSITY
    ONE BEAR PLACE 97048
    WACO,TX767987048     		NONE I SCHOLARSHIP GRANT - GRACE WHITACRE 4,000
    BEAR CREEK HIGH SCHOOL
    9800 W DARTMOUTH PL
    LAKEWOOD,CO80227     		NONE PC SAF RENEWAL 3,000
    BELMONT UNIVERSITY
    STUDENT FINANCIAL SERVICES 1900
    BELMONT BOULEVARD
    NASHVILLE,TN37212     		NONE I SCHOLARSHIP GRANT - NOELLE MARTIN 4,000
    BRIGHAM YOUNG UNIVERSITY
    FINANCIAL AID OFFICE A-41 ASB
    PROVO,UT84602     		NONE I SCHOLARSHIP GRANT - CLAIRE NOTTINGHAM 3,000
    CANINE COMPANIONS FOR INDEPENDENCE
    PO BOX 61839
    COLORADO SPRINGS,CO80960     		NONE PC GRANT - DISCRETIONARY GWEN (GENERAL OPERATING) 1,000
    CASA OF MESA COUNTY
    360 GRAND AVENUE SUITE 201
    GRAND JUNCTION,CO81505     		NONE PC GRANT - EDUCATIONAL ADVOCACY PROGRAM 10,000
    CASTLE ROCK SENIOR ACTIVITY CENTER
    2323 WOODLANDS BLVD
    CASTLE ROCK,CO80104     		NONE PC GRANT - CASTLE ROCK SENIOR ACTIVITY CENTER (SCHOLARSHIP FUND AND ACTIVE MINDS LECTURE SERIES) 12,000
    CENTRAL HIGH SCHOOL
    216 E ORMAN AVE
    PUEBLO,CO81004     		NONE PC SAF RENEWAL 3,000
    CLEAR CREEK HIGH SCHOOL
    185 BEAVER BROOK CANYON ROAD
    EVERGREEN,CO80439     		NONE PC SAF RENEWAL 5,000
    CLOTHES TO KIDS OF DENVER
    PO BOX 100874
    DENVER,CO80250     		NONE PC GRANT- DISCRETIONARY LORI (GENERAL OPERATING) 1,000
    COLORADO COLLEGE
    OFFICE OF FINANCIAL AID 14 E CACHE
    LA PUDRE STREET
    COLORADO SPRINGS,CO80903     		NONE I SCHOLARSHIP GRANT - CHRISTOPHER HECKENKAMP 1,000
    COLORADO COLLEGE
    OFFICE OF FINANCIAL AID 14 E CACHE
    LA PUDRE STREET
    COLORADO SPRINGS,CO80903     		NONE I SCHOLARSHIP GRANT - CHRISTOPHER HECKENKAMP 500
    COLORADO PET PANTRY
    PO BOX 323
    BOULDER,CO80306     		NONE PC GRANT - DISCRETIONARY GWEN (GENERAL OPERATING) 1,000
    COLORADO SCHOOL OF MINES
    1200 16TH STREET
    GOLDEN,CO80401     		NONE I SCHOLARSHIP GRANT - JASMINE CAMPOS 1,000
    COLORADO SCHOOL OF MINES
    1200 16TH STREET
    GOLDEN,CO80401     		NONE I SCHOLARSHIP GRANT - JASMINE CAMPOS 750
    COLORADO SCHOOL OF MINES
    1200 16TH STREET
    GOLDEN,CO80401     		NONE I SCHOLARSHIP GRANT - WILLIE GOULD 3,000
    COLORADO SCHOOL OF MINES
    1200 16TH STREET
    GOLDEN,CO80401     		NONE I SCHOLARSHIP GRANT - SOPHIA BECKER 2,000
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO805231065     		NONE I SCHOLARSHIP GRANT - CHARLES ELLIOTT 1,500
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO805231065     		NONE I SCHOLARSHIP GRANT - MCKENNA ANDERSEN 500
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO805231065     		NONE I SCHOLARSHIP GRANT - JULIA CASADY 500
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO805231065     		NONE I SCHOLARSHIP GRANT - JULIA CASADY 2,000
    COLORADO STATE UNIVERSITY
    1065 CAMPUS DELIVERY CSU
    FORT COLLINS,CO805231065     		NONE I SCHOARSHIP GRANT - MCKENNA ANDERSEN 1,000
    COLORADO STATE UNIVERSITY-PUEBLO
    FINANCIAL AID OFFICE 2200 BONFORTE
    BOULEVARD
    PUEBLO,CO810014901     		NONE I SCHOLARSHIP GRANT - AUSTIN ALLENBACK 1,250
    COLORADO WOMEN'S EDUCATION FOUNDATION
    PO BOX 1189
    BOULDER,CO80306     		NONE PC GRANT - COLORADO WOMEN'S EDUCATION FOUNDATION (SCHOLARSHIPS FOR COLORADO WOMEN OF NON-TRADITIONAL STUDENT AGE) 5,000
    CREIGHTON UNIVERSITY
    OFFICE OF FINANCIAL AID 2500
    CALIFORNIA PLAZA
    OMAHA,NE68178     		NONE I SCHOLARSHIP GRANT - ISABELLE HEINITZ 1,500
    CREIGHTON UNIVERSITY
    2500 CALIFORNIA PLAZA
    OMAHA,NE68178     		NONE I SCHOLARSHIP GRANT - ISABELLE HEINITZ 1,500
    CU DENVER BURSAR'S OFFICE
    STUDENT COMMONS BUILDING 1201
    LARIMER STREET SUITE 5123
    DENVER,CO802173364     		NONE I SCHOLARSHIP GRANT - KATHLEEN LE 500
    CYSTIC FIBROSIS FOUNDATION
    COLORADO CHAPTER 400 SOUTH COLORADO
    BLVD SUITE 840
    DENVER,CO80246     		NONE PC GRANT - DISCRETIONARY LORI (GENERAL OPERATING) 2,000
    DOANE UNIVERSITY
    1014 BOSWELL AVENUE
    CRETE,NE68333     		NONE I SCHOLARSHIP GRANT - WHITNEY WALTER 500
    DUMB FRIENDS LEAGUE
    2080 SOUTH QUEBEC STREET
    DENVER,CO80231     		NONE PC GRANT - DISCRETIONARY GWEN ($1,000) JESSICA ($1,000) (GENERAL OPERATING) 2,000
    FABIAN LOPEZ
    16785 CR 32
    OVID,CO80744     		NONE I GRANT - FABIAN LOPEZ (SAF STUDENT) (COMPUTER) 700
    HANDS OF THE CARPENTER AUTOMOTIVE REPAIR
    16097 SOUTH GOLDEN ROAD
    GOLDEN,CO80401     		NONE PC GRANT - DICRETIONARY GWEN (GENERAL OPERATING) 1,000
    HOMES FOR OUR TROOPS
    6 MAIN STREET
    TAUNTON,MA02780     		NONE PC GRANT - HOMES FOR OUR TROOPS (VETERAN HOUSING) 5,000
    INDIANA UNIVERSITY
    OFFICE OF FINANCIAL AID 107 SOUTH
    INDIANA AVENUE
    BLOOMINGTON,IN474057000     		NONE I SCHOLARSHIP GRANT - SPENCER HODAS 1,500
    INDIANA UNIVERSITY
    OFFICE OF FINANCIAL AID 107 SOUTH
    INDIANA AVENUE
    BLOOMINGTON,IN474057000     		NONE I SCHOLARSHIP GRANT - ZOE ZALESAK 3,300
    INDIANA UNIVERSITY
    OFFICE OF FINANCIAL AID 107
    SOUTHINDIANA AVENUE
    BLOOMINGTON,IN474057000     		NONE I SCHOLARSHIP GRANT - SPENCER HODAS 1,000
    LAGUNA COLLEGE OF ART DESIGN
    2222 LAGUNA CANYON ROAD
    LAGUNA BEACH,CA92651     		NONE I SCHOLARSHIP GRANT - NOAM EGAN 4,000
    LEWIS AND CLARK
    615 SOUTH PALANTINE HILL ROAD
    PORTLAND,OR97219     		NONE I SCHOALRSHIP GRANT - BODE DALTON 3,000
    LITTLETON HIGH SCHOOL
    199 E LITTLETON BLVD
    LITTLETON,CO80121     		NONE PC SAF RENEWAL 7,000
    LITTLETON HIGH SCHOOL
    199 E LITTLETON BLVD
    LITTLETON,CO80121     		NONE PC SAF RENEWAL 500
    METROPOLITAN STATE UNIVERSITY
    OFFICE OF THE BURSAR PO BOX 173362
    CAMPUS BOX 92
    DENVER,CO80217     		NONE I SCHOLARSHIP GRANT - JESSICA LEAVITT 4,000
    MONTANA STATE UNIVERSITY
    OFFICE OF FINANCIAL SERVICES PO BOX
    174160
    BOZEMAN,MT597174160     		NONE I SCHOLARSHIP GRANT - JOANNA O'CONNELL 500
    MONTANA STATE UNIVERSITY
    OFFICE OF FINANCIAL SERVICES PO BOX
    174160
    BOZEMAN,MT597174160     		NONE I SCHOLARSHIP GRANT - JOANNA O'CONNELL 1,000
    MONTE VISTA HIGH SCHOOL
    349 E PROSPECT STREET
    MONTE VISTA,CO81144     		NONE PC SAF RENEWAL 3,000
    NEBRASKA WESLEYAN UNIVERSITY
    REGISTRARS OFFICE SMITH-CURTIS 206
    5000 ST PAUL AVE
    LINCOLN,NE68504     		NONE I SCHOLARSHIP GRANT - SATARA EHNES 1,500
    OKLAHOMA STATE UNIVERSITY
    OFFICE OF THE BURSAR 113 STUDENT
    UNION
    STILLWATER,OK74078     		NONE I SCHOLARSHIP GRANT - AUSTIN AINSWORTH 3,500
    PAW'S FOR PURPLE HEARTS
    5860 LABATH AVE SUITE A
    ROHNERT,CA94928     		NONE PC GRANT - DISCRETIONARY GWEN (GENERAL OPERATING) 1,000
    PRINCETON UNIVERSITY SA
    PO BOX 7780-4716
    PHILADELPHIA,PA191824716     		NONE I SCHOLARSHIP GRANT - EMILIA PICKERILL 3,500
    PRINCETON UNIVERSITY
    UNDERGRADUATE FINANCIAL AID OFFICE
    PO BOX 591
    PRINCETON,NJ085420591     		NONE I SCHOLARSHIP ASSISTANCE - EMILIA PICKERILL (TRAVEL EXPENSE REIMBURSEMENT) 2,154
    READ TO ME
    PO BOX 1654
    CASTLE ROCK,CO80104     		NONE PC GRANT - READ TO ME (BOOK BUNDLES - INFANTS & PRESCHOOL AGED CHILDREN + NEW OFFICE LAP TOP) 5,000
    REGIS UNIVERSITY
    3333 REGIS BOULEVARD A-8
    DENVER,CO802211099     		NONE I SCHOLARSHIP GRANT - KYA WILLIAMS 2,500
    REGIS UNIVERSITY
    3333 REGIS BOULEVARD A-8
    DENVER,CO802211099     		NONE I SCHOLARSHIP GRANT - RYLEE LUNDGREN 3,000
    REVERE JRSR HIGH SCHOOL
    500 MAIN STREET
    OVID,CO80744     		NONE PC SAF RENEWAL 2,000
    SANTA CLARA UNIVERSITY
    500 EL CAMINO REAL
    SANTA CLARA,CA95053     		NONE I SCHOLARSHIP GRANT - NATALIE PLAIA 1,500
    SECOR CARES
    17151 PINE LANE
    PARKER,CO80134     		NONE PC GRANT - HOLIDAY GIVING PROGRAM (SENIORS AND FAMILIES) 1,000
    TEXAS AM
    PAVILLION 2ND FLOOR
    COLLEGE STATION,TX778431252     		NONE I SCHOLARSHIP GRANT - CADEN PEW 2,000
    TEXAS AM
    PAVILLION 2ND FLOOR
    COLLEGE STATION,TX778431252     		NONE I SCHOLARSHIP GRANT - CADEN PEW 3,000
    THE CHILDREN'S HOSPITAL FOUNDATION
    13123 EAST 16TH AVE
    AURORA,CO80045     		NONE PC GRANT - DISCRETIONARY CHUCK (GENERAL OPERATING) 5,000
    THE CHILDREN'S VILLAGE
    1350 WEST HANLEY AVE
    COEUR D ALENE,ID83815     		NONE PC GRANT - MENTORING PROGRAM 10,000
    THE DENVER PUBLIC LIBRARY FRIENDS FOUNDATION
    10 WEST 14TH AVENUE PARKWAY
    DENVER,CO80204     		NONE PC GRANT - READ ALOUD PROGRAM 5,000
    THE GREAT MUSTANG SANCTUARY
    PO BOX 291
    HYGIENE,CO80533     		NONE PC GRANT - DISCRETIONARY JESSICA (GENERAL OPERATING) 1,000
    THE SUNNY HORSE FOUNDATION
    4131 CREEK DRIVE
    BROOMFIELD,CO80023     		NONE PC GRANT - DISCRETIONARY LORI (GENERAL OPERATING) 2,000
    THE UNIVERSITY OFFICE OF SCHOLARSHI
    ADMINISTRATION BUILDING ROOM 208 PO
    BOX 210066
    TUCSON,AZ857210066     		NONE I SCHOLARSHIP GRANT - SHAE HENLEY 1,500
    UNIVERSITY OF COLORADO AT BOULDER
    OFFICE OF FINANCIAL AID 77 UCB
    BOULDER,CO803090077     		NONE I SCHOLARSHIP GRANT - LIBBY O'NEALL 2,500
    UNIVERSITY OF COLORADO AT BOULDER
    OFFICE OF FINANCIAL AID 77 UCB
    BOULDER,CO803090077     		NONE I SCHOLARSHIP GRANT - ISAAC MARTINEZ 500
    UNIVERSITY OF COLORADO AT BOULDER
    OFFICE OF FINANCIAL AID 77 UCB
    BOULDER,CO803090077     		NONE I SCHOLARSHIP GRANT - ADRIONA SALGADO 500
    UNIVERSITY OF COLORADO AT BOULDER
    OFFICE OF FINANCIAL AID 77 UCB
    BOULDER,CO803090077     		NONE I SCHOLARSHIP GRANT - JOSEPH ANDERSON 3,000
    UNIVERSITY OF COLORADO AT BOULDER
    OFFICE OF FINANCIAL AID 77 UCB
    BOULDER,CO803090077     		NONE I SCHOLARSHIP GRANT - ISAC MARTINEZ 1,000
    UNIVERSITY OF COLORADO AT BOULDER
    OFFICE OF FINANCIAL AID 77 UCB
    BOULDER,CO803090077     		NONE I SCHOLARSHIP GRANT - JUSTIN MCMAHON 1,500
    UNIVERSITY OF COLORADO AT BOULDER
    OFFICE OF FINANCIAL AID 77 UCB
    BOULDER,CO803090077     		NONE I SCHOLARSHIP GRANT - JOEY ANDERSON 1,500
    UNIVERSITY OF COLORADO AT BOULDER
    OFFICE OF FINANCIAL AID 77 UCB
    BOULDER,CO803090077     		NONE I SCHOLARSHIP GRANT - HANNAH CUSHMAN 1,500
    UNIVERSITY OF COLORADO AT BOULDER
    OFFICE OF FINANCIAL AID 77 UCB
    BOULDER,CO803090077     		NONE I SCHOLARSHIP GRANT - JUSTIN MCMAHON 1,500
    UNIVERSITY OF COLORADO AT CO SPRING
    1420 AUSTIN BLUFFS PARKWAY
    COLORADO SPRINGS,CO809183733     		NONE I SCHOLARSHIP GRANT - GABRIELLE MARCOJOS 2,250
    UNIVERSITY OF COLORADO AT CO SPRING
    1420 AUSTIN BLUFFS PARKWAY
    COLORADO SPRINGS,CO809183733     		NONE I SCHOLARSHIP GRANT - KATHERINE PUCHINO 2,700
    UNIVERSITY OF COLORADO AT CO SPRING
    1420 AUSTIN BLUFFS PARKWAY
    COLORADO SPRINGS,CO80918     		NONE I SCHOLARSHIP GRANT - KATHERINE PUCHINO 2,500
    UNIVERSITY OF COLORADO AT CO SPRING
    1420 AUSTIN BLUFFS PARKWAY
    COLORADO SPRINGS,CO809183733     		NONE I SCHOLARSHIP GRANT - MONICA DIHN 750
    UNIVERSITY OF COLORADO AT CO SPRING
    1420 AUSTIN BLUFFS PARKWAY
    COLORADO SPRINGS,CO809183733     		NONE I SCHOLARSHIP GRANT - GABRIELLE MARJOCOS 1,000
    UNIVERSITY OF COLORADO AT DENVER
    13120 EAST 19TH AVENUE CAMPUS BOX
    A098
    AURORA,CO80045     		NONE I SCHOLARSHIP GRANT - PAWKI H TOO 500
    UNIVERSITY OF COLORADO AT DENVER
    13120 EAST 19TH AVENUE CAMPUS BOX
    A098
    AURORA,CO80045     		NONE I SCHOARSHIP GRANT - PAW KI H-TOO 2,800
    UNIVERSITY OF COLORADO DENVER ANSCH
    BURSARS OFFICE MAIL STOP A 098
    13120 E 19TH AVE ROOM 3120 A
    AURORA,CO80045     		NONE I SCHOLARSHIP GRANT - CAROLINE COLLINS 1,500
    UNIVERSITY OF COLORADO DENVER ANSCH
    BURSARS OFFICE MAIL STOP A 098
    13120 E 19TH AVE ROOM 3120 A
    AURORA,CO80045     		NONE I SCHOLARSHIP GRANT - CAROLINE COLLINS 1,500
    UNIVERSITY OF MINNESOTA TWIN CITIES
    FRASER HALL 106 PLEASANT STREET SE
    MINNEAPOLIS,MN55455     		NONE I SCHOLARSHIP GRANT - JACOB SAWYER 4,000
    UNIVERSITY OF MINNESOTA TWIN CITIES
    FRASER HALL 106 PLEASANT STREET SE
    MINNEAPOLIS,MN55455     		NONE I SCHOLARSHIP GRANT - JACOB SAWYER 4,500
    UNIVERSITY OF MONTANA
    FINANCIAL AID OFFICE 32 CAMPUS
    DRIVE
    MISSOULA,MT59812     		NONE I SCHOLARSHIP GRANT - EMMA FISHER 3,000
    UNIVERSITY OF NORTHERN COLORADO
    CASHIERS OFFICE CAMPUS BOX 14
    GREELEY,CO80639     		NONE I SCHOALRSHIP GRANT - DESTRI JOHNSON 500
    UNIVERSITY OF NORTHERN COLORADO
    CASHIERS OFFICE CAMPUS BOX 14
    GREELEY,CO80639     		NONE I SCHOLARSHIP GRANT - ANDERS BUETTENBACK 500
    UNIVERSITY OF NORTHERN COLORADO
    CASHIERS OFFICE CAMPUS BOX 14
    GREELEY,CO80639     		NONE I SCHOLARSHIP GRANT - ANDERS BUETTENBACK 500
    UNIVERSITY OF NORTHERN COLORADO
    CASHIERS OFFICE CAMPUS BOX 14
    GREELEY,CO80639     		NONE I SCHOLARSHIP GRANT - RENATHA SANTOS 500
    UNIVERSITY OF NORTHERN COLORADO
    CASHIERS OFFICE CAMPUS BOX 14
    GREELEY,CO80639     		NONE I SCHOLARSHIP GRANT - RENATHA SANTOS (2021-2022 ACADEMIC YEAR) 1,000
    UNIVERSITY OF NORTHERN COLORADO
    CASHIERS OFFICE CAMPUS BOX 14
    GREELEY,CO80639     		NONE I SCHOLARSHIP GRANT - BROOKE POGORELEC 2,500
    UNIVERSITY OF PUGENT SOUND
    1500 NORTH WARNER STREET CMB 1056
    TACOMA,WA984161056     		NONE PC GRANT - DISCRETIONARY JESSICA (GENERAL OPERATING) 3,000
    UNIVERSITY OF WYOMING
    1000 EAST UNIVERSITY AVE DEPARTMENT
    3335
    LARAMIE,WY820713335     		NONE I SCHOLARSHIP GRANT - BAILEY WALTERS 2,500
    UNIVERSITY OF WYOMING
    1000 EAST UNIVERSITY AVEDEPARTMENT
    3335
    LARAMIE,WY820713335     		NONE I SCHOLARSHIP GRANT - KENZIE MORRIS 3,500
    UNIVERSITY OF WYOMING
    1000 EAST UNIVERSITY AVEDEPARTMENT
    3335
    LARAMIE,WY820713335     		NONE I SCHOLARSHIP GRANT - CAMRYN LELAND 1,500
    UNIVERSITY OF WYOMING
    1000 EAST UNIVERSITY AVEDEPARTMENT
    3335
    LARAMIE,WY820713335     		NONE I SCHOLARSHIP GRANT - BAILEY WALTERS 2,500
    UNIVERSITY OF WYOMING
    1000 EAST UNIVERSITY AVEDEPARTMENT
    3335
    LARAMIE,WY820713335     		NONE I SCHOLARSHIP GRANT - CAMRYN LELAND 3,300
    UNIVERSITY OF WYOMING
    1000 EAST UNIVERSITY AVEDEPARTMENT
    3335
    LARAMIE,WY820713335     		NONE I SCHOLARSHIP GRANT - KENZIE MORRIS 3,500
    US DEPARTMENT OF EDUCATION
    PO BOX 2837
    PORTLAND,OR972082837     		NONE I LOAN FORGIVENESS - ADELAIDE CLAY 3,000
    VASSAR COLLEGE
    FINANCIAL AID OFFICE 124 RAYMOND
    AVENUE
    POUGHKEEPSIE,NY12604     		NONE I SCHOLARSHIP GRANT - GRETCHEN BECKER 2,000
    WELLSPRING COMMUNITY
    826 PARK STREET 200
    CASTLE ROCK,CO80109     		NONE PC GRANT - SCHOLARSHIP PROGRAM 8,400
    WEST VIRGINIA UNIVERSITY
    WVU HUB EVANSDALE CROSSING ROOM 200
    PO BOX 6004
    MORGANTOWN,WV26506     		NONE I SCHOLARSHIP GRANT - SIERRA KEIF 3,000
    WESTERN STATE COLORADO UNIVERSITY
    1 WESTERN WAY DELORES HALL ROOM 203
    GUNNISON,CO81231     		NONE I SCHOLARSHIP GRANT - BRANDON KYLAN MARTINEZ 3,000
    WESTERN STATE COLORADO UNIVERSITY
    1 WESTERN WAY DELORES HALL ROOM 203
    GUNNISON,CO81231     		NONE I SCHOLARSHIP GRANT - ABIGAIL GRIDLEY 2,000
    WESTERN STATE COLORADO UNIVERSITY
    1 WESTERN WAY DELORES HALL ROOM 203
    GUNNISON,CO81231     		NONE I SCHOLARSHIP GRANT - ABIGAIL GRIDLEY 1,000
    WESTERN STATE COLORADO UNIVERSITY
    1 WESTERN WAY DELORES HALL ROOM 203
    GUNNISON,CO81231     		NONE I SCHOLARSHIP GRANT - BRANDON KYLAN MARTINEZ 3,000
    WESTERN WASHIGTON UNIVERSITY
    STUDENT FINANCIAL AID OFFICE 516
    HIGH STREET OM 360
    BELLINGTON,WA982259022     		NONE I SCHOLARSHIP GRANT - BAILEY KLINGER 1,000
    YUMA HIGH SCHOOL
    1000 S ALBANY
    YUMA,CO80759     		NONE PC SAF RENEWAL 2,000
    Total .................................bullet 3a 274,354
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 22  
    4 Dividends and interest from securities ....          
    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 ............     		    18 383,390  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 495,779 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    495,779
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 5,330 0   5,330
    ACCOUNTING SERVICES 1,488 0   1,488

    TY 2021 AppliedToPriorYearElection
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Election:
    THE FOUNDATION IS MAKING AN ELECTION UNDER SECTION 53.4942(A)- 3(D)2 TO TREAT THE CURRENT YEAR DISTRIBUTION AS MADE OUT OF UNDISTRIBUTED INCOME FOR 2012.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2,115 SH OF APPLE INC COM 41,242 375,561
    345 SH OF CATERPILLAR INC COM 50,111 71,325
    198 SH OF LANDSTAR SYSTEM INC 24,986 35,446
    380 SH OF PEPSICO INC 49,947 66,010
    4,305 SH OF TAIWAN SEMINCONDUCTOR MANUFACTURING 115,696 517,935
    220 SH OF THERMO FISHER SCIENTIFIC 33,575 146,793
    310 SH OF 3M CO 49,600 55,065
    455 SH OF ABBVIE INC 53,110 61,607
    325 SH OF ALIGN TECHNOLOGY INC 25,679 213,584
    1,675 SH OF ALLSTATE CORP 164,311 197,064
    87 SH OF ALPHABET INC CLASS A 44,085 252,042
    24 SH OF ALPHABET INC CLASS C 12,089 69,446
    77 SH OF AMAZON.COM INC 59,970 256,744
    320 SH OF AMGEN INC 65,175 71,990
    540 SH OF BOEING CO 39,982 108,713
    490 SH OF CANADIAN PAC RAILWAY 35,500 35,251
    910 SH OF CHEWY INC 50,059 53,663
    240 SH OF CONSTELLATION BRAND 39,750 60,233
    755 SH OF CUMMINS INC 95,927 164,696
    300 SH OF D R HORTON CO 25,037 32,535
    2,085 SH OF DANAHER CORP 50,280 685,986
    1,287 SH OF FORTIVE CORP DISC 14,754 98,185
    140 SH OF GENERAL DYNAMICS CO 24,550 29,186
    790 SH OF GILEAD SCIENCES INC 53,254 57,362
    575 SH OF HOME DEPOT INC 105,244 238,631
    770 SH OF HONEYWELL INTL INC 86,198 160,553
    805 SH OF ILLINOIS TOOL WORKS 64,119 198,674
    750 SH OF JOHNSON & JOHNSON 36,632 128,303
    45 SH OF LAM RESEARCH CORP 24,693 32,362
    500 SH OF LOCKHEED MARTIN CORP 40,254 177,705
    835 SH OF LOWES COMPANIES INC 65,131 215,831
    704 SH OF MASTERCARD INC 51,736 252,961
    2,880 SH OF MICROCHIP TECHNOLOGY 53,066 250,733
    645 SH OF MICROSOFT CORP 125,050 216,926
    1,120 SH OF NVIDIA CORP 100,239 329,403
    870 SH OF RAYTHEON TECHNOLOGIES CO 49,942 74,872
    150 SH OF STRYKER CORP 30,840 40,113
    657 SH OF THERMO FISHER SCIENTIFIC 39,060 438,377
    3,825 SH OF TJX COMPANIES INC 16,228 290,394
    290 SH OF VERTEX PHARMACEUTICAL 53,865 63,684
    835 SH OF VISA INC 131,263 180,953
    850 SH OF WALT DISNEY CO 99,896 131,657
    100,572 SH. OF SOMALOGIC 205,200 1,170,658

    TY 2021 InvestmentsOtherSchedule2
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    KWK PARTNERS OFFSHORE, LTD. - 231.28 SH. CLASS A SERIES 1 SHARES AT COST 200,000 464,583
    SA ACQUISITIONS FUND AT COST 373,117 373,117
    GOLUB CAPITAL PARTNERS AT COST 170,123 314,731
    ARROWMARK INCOME OPPORTUNITY FUND QP, LTD. - 200 CLASS A SERIES A-1 SHARES AT COST 136,268 179,145
    GSO PRIVATE INVESTORS OFFSHORE II, LP CLASS B AT COST 29,688 28,917
    OAKTREE SSF II AT COST 113,078 334,919
    CK OPPORTUNITIES OFFSHORE FUND AT COST 146,936 215,367
    OAK STREET FUND AT COST 84,123 109,862
    ESCALANTE LIFECYCLE FUND II AT COST 200,000 200,000
    FTV FUND IV, L.P. AT COST 0 447,042
    FTV FUND VI, L.P. AT COST 217,500 329,641
    ARES HIGH INCOME CREDIT OPP. FUND LP AT COST 69,174 136,533
    BLACKSTONE REAL ESTATE INCOME TRUST INC CL S AT COST 286,850 480,892
    ACAP STRATEGIC FUND AT COST 321,326 304,101
    1,505 SH OF PROSHARES S&P 500 DIV AT COST 100,005 147,761

    TY 2021 OtherDecreasesSchedule
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Description Amount
    SA RETURN OF PRINCIPAL ADJUSTMENTS 25,289


    TY 2021 OtherExpensesSchedule
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & SUBSCRIPTIONS 4,232 0   4,232
    OFFICE SUPPLIES AND EXPENSES 7,180 0   7,180
    POSTAGE 1,059 0   1,059
    BANK FEES 258 0   258
    DIRECT CHARITABLE ACTIVITIES 1,652 0   1,652
    FURNITURE AND EQUIPMENT 3,455 0   3,455
    INSURANCE 1,297 0   1,297
    THRU SCHEDULE K-1S 0 13,179   0
    PAYROLL PROCESSING FEES 3,721 0   3,721
    WEBSITE DEVELOPMENT 100 0   100
    OTHER INVESTMENT EXPENSES 897 897   0
    CK OPP PLACEMENT FEE 0 2,093   0


    TY 2021 OtherIncomeSchedule2
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    THRU SCHEDULE K-1S   13,250  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IT SUPPORT 8,359 0   8,359
    ADMINISTRATION 6,455 0   6,455


    TY 2021 TaxesSchedule
    Name:
    LILLIS FOUNDATION
    EIN:
    91-6520620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 1,648 1,648   0
    EXCISE TAX 10,000 0   0