Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

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 07-01-2021 , and ending 06-30-2022
Name of foundation
THE PATTERSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2 N TAMIAMI TRAIL 206
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SARASOTA, FL34236
A Employer identification number

65-6230256
B Telephone number (see instructions)

(941) 952-1413
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$274,127,553J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 4,657,383 4,648,856  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 15,479,016
b Gross sales price for all assets on line 6a 54,218,347
7 Capital gain net income (from Part IV, line 2)... 15,479,016
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 9,558,080  
12 Total. Add lines 1 through 11........ 20,136,399 29,685,952  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,197,784 850,808   299,233
14 Other employee salaries and wages...... 393,953 0   651,828
15 Pension plans, employee benefits....... 279,716 13,532   345,073
16a Legal fees (attach schedule)......... Click to see attachment 16,321 0   15,615
b Accounting fees (attach schedule)....... Click to see attachment 51,395 0   44,145
c Other professional fees (attach schedule).... Click to see attachment 1,852,500 532,868   1,216,446
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 415,882 0   0
19 Depreciation (attach schedule) and depletion... 21,737 0  
20 Occupancy.............. 244,201 0   244,723
21 Travel, conferences, and meetings....... 118,783 0   116,737
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,774,266 0   1,782,493
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,366,538 1,397,208   4,716,293
25 Contributions, gifts, grants paid....... 11,660,981 10,660,981
26 Total expenses and disbursements. Add lines 24 and 25 18,027,519 1,397,208   15,377,274
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,108,880
b Net investment income (if negative, enter -0-) 28,288,744
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............. 2,434,598 1,317,673 1,317,673
2 Savings and temporary cash investments.........      
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.......... 267,268 280,536 280,536
10a Investments—U.S. and state government obligations (attach schedule) 14,901,602 Click to see attachment16,664,673 16,664,673
b Investments—corporate stock (attach schedule)....... 138,946,890 Click to see attachment113,941,856 113,941,856
c Investments—corporate bonds (attach schedule)....... 18,988,107 Click to see attachment10,001,805 10,001,805
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 124,530,062 Click to see attachment131,200,109 131,200,109
14 Land, buildings, and equipment: basis bullet405,572
Less: accumulated depreciation (attach schedule) bullet326,899 72,739 78,673 78,673
15 Other assets (describe bullet) Click to see attachment747,847 Click to see attachment642,228 Click to see attachment642,228
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 300,889,113 274,127,553 274,127,553
Liabilities 17 Accounts payable and accrued expenses.......... 456,387 281,740
18 Grants payable.................   1,000,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment2,011,337 Click to see attachment1,610,780
23 Total liabilities (add lines 17 through 22)......... 2,467,724 2,892,520
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........... 298,421,389 271,235,033
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)..... 298,421,389 271,235,033
30 Total liabilities and net assets/fund balances (see instructions). 300,889,113 274,127,553
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
298,421,389
2
Enter amount from Part I, line 27a .....................
2
2,108,880
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
413,286
4
Add lines 1, 2, and 3 ..........................
4
300,943,555
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
29,708,522
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
271,235,033
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 PUBLICLY TRADED SECURITIES      
b
c
d
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 54,218,347   38,739,331 15,479,016
b
c
d
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       15,479,016
b
c
d
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 15,479,016
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........................... 3 393,214
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- ..... 5 393,214
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 332,975
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.............. 7 332,975
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 278
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 60,517
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL, IL
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.THEPATTERSONFOUNDATION.ORG/
    14
    The books are in care ofbulletTHE PATTERSON FOUNDATION Telephone no.bullet (941) 952-1413

    Located atbullet2 N TAMIAMI TRAIL SUITE 206SARASOTAFL ZIP+4bullet34236
    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)
     
    No
    (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)
     
    No
    (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
     
     
    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
    JOHN T BERTEAU CHAIRMAN EMERITUS
    3.00     		0 0 0
    2 N TAMIAMI TRAIL SUITE 206
    SARASOTA,FL34236
    RIC GREGORIA CHAIRMAN
    3.00     		0 0 0
    2 N TAMIAMI TRAIL SUITE 206
    SARASOTA,FL34236
    CHARLES D BAILEY JR VICE CHAIRMAN
    3.00     		0 0 0
    2 N TAMIAMI TRAIL SUITE 206
    SARASOTA,FL34236
    DEBRA JACOBS PRESIDENT & CEO
    40.00     		332,481 150,464 0
    2 N TAMIAMI TRAIL SUITE 206
    SARASOTA,FL34236
    NORTHERN TRUST TRUSTEE
    40.00     		817,560 0 0
    1515 RINGLING BLVD 200
    SARASOTA,FL34236
    DAVE BULLOCK GOVERNING BOARD MEMBER
    3.00     		0 0 0
    2 N TAMIAMI TRAIL SUITE 206
    SARASOTA,FL34236
    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
    ELIZABETH DUDA INITIATIVE MANAGER
    40.00     		171,270 55,436 0
    2 N TAMIAMI TRAIL SUITE 206
    SARASOTA,FL34236
    NANCY HENRY OFFICE MANAGER
    40.00     		80,808 55,894 0
    2 N TAMIAMI TRAIL SUITE 206
    SARASOTA,FL34236
    CONNOR LAGRANGE TPF FELLOW
    40.00     		71,320 19,618 0
    2 N TAMIAMI TRAIL SUITE 206
    SARASOTA,FL34236
    MICHAEL ZIMMERMAN TPF FELLOW
    40.00     		73,192 11,371 0
    2 N TAMIAMI TRAIL SUITE 206
    SARASOTA,FL34236
    STACY STERNBERG COMMUNICATIONS COORD
    40.00     		58,519 24,633 0
    2 N TAMIAMI TRAIL SUITE 206
    SARASOTA,FL34236
    Total number of other employees paid over $50,000...................bullet 5
    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
    AD VANCE TALENT SOLUTIONS INC STAFFING/HUMAN RESOURCE 750,403
    3911 GOLF PARK LOOP 103
    BRADENTON,FL34203
    ONE SARASOTA TOWER LLLP RENT 219,522
    2N TAMIAMI TRAIL
    SARASOTA,FL34236
    MAGNIFY GOOD CONTRACTOR 187,266
    1962 MAIN ST SUITE 200
    SARASOTA,FL34236
    NO MARGIN NO MISSION LLC CONTRACTOR 182,691
    3121 NORTH CLERMONT PLACE
    TACOMA,WA98407
    CORYEA CONSULTING LLC CONTRACTOR 168,426
    10711 COUNTRY RIVER DRIVE
    PARRISH,FL34219
    Total number of others receiving over $50,000 for professional services.............bullet12
    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  
    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
    302,713,840
    b
    Average of monthly cash balances.......................
    1b
    3,728,139
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    306,441,979
    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
    306,441,979
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    4,596,630
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    301,845,349
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    15,092,267
    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
    15,092,267
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    393,214
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    9,116
    c
    Add lines 2a and 2b............................
    2c
    402,330
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    14,689,937
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    14,689,937
    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
    14,689,937
    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 14,689,937
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 6,713,757
    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$ 15,377,274
    a Applied to 2020, but not more than line 2a 6,713,757
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 8,663,517
    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 ..........     		6,026,420
    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).)
    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
    CENTER FOR DISASTER PHILANTROPY
    1201 CONNECTICUT AVE NW S-300
    WASHINGTON,DC20036     		NONE PC ATLANTIC HURRICANE SEASON RECOVERY FUND; HAITI EARTHQUAKE RECOVERY FUND; UKRAINE HUMANITARIAN CRISIS RECOVERY FUND; STRATEGIC PLANNING 780,000
    COMMUNITY FOUNDATION OF SARASOTA COUNTY
    2635 FRUITVILLE RD
    SARASOTA,FL34237     		NONE PC TPF DONOR ADVISED FUND - 8/16/21 AND 5/5/22; EDEXPLORE SRQ ENDOWMENT; PAY IT FORWARD FUND; NURTURE FUND; SEASON OF SHARING CAMPAIGN; THE GIVING CHALLENGE 2022 MATCH AND PRIZES; 7,945,661
    FOUNDATIONS INC
    701 E GATE DRIVE SUITE 300
    MT LAUREL,NJ08054     		NONE PC NATIONAL SUPPORT PARTNER 250,000
    GULF COAST COMMUNITY FOUNDATION OF VENICE
    601 S TAMIAMI TR
    VENICE,FL34285     		NONE PC NURTURE FUND 100,000
    NETHOPE INC
    10615 JUDICIAL DR SUITE 402
    FAIRFAX,VA22030     		NONE PC ;NETHOPE'S FUNDER EMERGENCY RESPONSE UPDATE TYPHOON RAI; COLLECTIVE IMPACT FUND 300,000
    SCHOOL BOARD OF CHARLOTTE COUNTY FL
    1445 EDUCATION WAY
    PORT CHARLOTTE,FL33948     		NONE PC CAMPAIGN FOR GRADE-LEVEL READING - DATA MANAGEMENT COORDINATOR 75,400
    SCHOOL BOARD OF SARASOTA COUNTY
    1960 LANDINGS BLVD
    SARASOTA,FL34231     		NONE PC ICAMPAIGN FOR GRADE LEVEL READING - DATABASE ENGINEER COORDINATOR; SYSTEMS PROGRAMMER III 149,920
    SCHOOL DISTRICT OF MANATEE COUNTY
    215 MANATEE AVENUE WEST
    BRADENTON,FL34205     		NONE PC CAMPAIGN FOR GRADE LEVEL READING - DATA COORDINATOR 60,000
    THE BAY PARK CONSERVANCY INC
    655 N TAMIAMI TRAIL
    SARASOTA,FL34236     		NONE PC PROPELLING POSITIVE MOMENTUM IN FUNDRAISING EFFORT 1,000,000
    Total .................................bullet 3a 10,660,981
    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 ...........     		         
    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 15,479,016  
    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 20,136,399 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    20,136,399
    (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:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 51,395 0   44,145

    TY 2021 GeneralExplanationAttachment
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Identifier Return Reference Explanation
    BREAK DOWN OF NORTHERN TRUST FEES FORM 990-PF - PART VIII AS BOTH TRUSTEE AND INVESTMENT BROKER FOR TPF, NORTHERNTRUST RECEIVES BOTH CUSTODIAL/INVESTMENT FEES ANDOUTSIDE INVESTMENT FEES WHICH BREAK DOWN AS FOLLOWS:CUSTODIAL/INVESTMENT FEES: 817,560OUTSIDE INVESTMENT FEES: 532,868TOTAL FEES: 1,350,428
    FIXED ASSETS FORM 990-PF - PART II - LINE 14 FURNITURE AND FIXTURES 157,114LEASEHOLD IMPROVEMENTS 47,756COMPUTERS AND EQUIPMENT 200,702LESS ACCUMULATED DEPRECIATION (326,899)NET BOOK VALUE 78,673

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AERCAP IRELAND CAP / GLOBA 3.3% DUE 01-30-2032 BEO 80,049 80,049
    AERCAP IRELAND CAP DESIGNATED ACTIVITY CO / AERCAP GLOBAL AVIATION TR 3.65% 86,280 86,280
    ANHEUSER-BUSCH COS LLC CORP 4.7% 02-01-2036 38,321 38,321
    ANHEUSER-BUSCH COS LLC CORP 4.9% 02-01-2046 84,590 84,590
    ASSURED GTY US HLDGS INC GTD SR NT 3.15%06-15-2031 108,916 108,916
    BANK AMER CORP 3.593% DUE 07-21-2028/07-21-2027 REG 179,189 179,189
    BANK NOVA SCOTIA B C 3.625% 10-27-2081 151,243 151,243
    BARCLAYS PLC 2.894% DUE 11-24-2032 BEO 100,473 100,473
    BGC PARTNERS INC 4.375% DUE 12-15-2025 BEO 146,210 146,210
    BLOCK FINL LLC 3.875% DUE 08-15-2030/08-07-2020 REG 157,382 157,382
    BOARDWALK PIPELINES LP 3.6% DUE 09-01-2032/02-16-2022 BEO 50,763 50,763
    BROADCOM INC SR NT 144A 3.187% 11-15-2036 79,818 79,818
    CES MU2 LLC 1.994% DUE 05-13-2027 REG SINKING FUND 08-13-2017 144,840 144,840
    CF INDS INC 5.375% DUE 03-15-2044 REG 74,570 74,570
    CHARTER COMMUNICATIONS OPER LLC / CHARTER COMMUNICATIONS OPER CAP CORP 6. 160,408 160,408
    CNO FINL GROUP INC 5.25% DUE 05-30-2029/06-12-2019 REG 106,652 106,652
    CROWLEY CONRO LLC 4.181% DUE 08-15-2043/02-15-2019 REG SINKING FUND 08 102,269 102,269
    DEUTSCHE BK AG N Y BRANCH 2.129% DUE 11-24-2026/11-24-2025 REG 159,817 159,817
    DISCOVERY COMMUNICATIONS LLC 4.0% DUE 09-15-2055 61,645 61,645
    DY9 LEASING LLC 2.372% 03-19-2027 103,009 103,009
    ENERGY TRANSFER PARTNERS L P 5.15% DUE 03-15-2045 119,706 119,706
    EXPEDIA GROUP INC 3.25% DUE 02-15-2030 83,398 83,398
    EXPEDIA GROUP INC SR NT 2.95% 03-15-2031 79,540 79,540
    GENERAL MTRS FINL CO INC 3.85% 01-05-2028 50,422 50,422
    HEWLETT PACKARD ENTERPRISE CO 6.35% DUE 10-15-2045/12-23-2016 REG 60,351 60,351
    HILL CITY FDG TR PRE CAPITALIZED TR SEC 144A 4.046% 08-15-2041 91,986 91,986
    HNA 2015 LLC 2.291% DUE 06-30-2027/06-30-2021 REG SINKING FUND 09 132,708 132,708
    HNA 2015 LLC 2.369% DUE 09-18-2027/03-18-2016 REG 144,268 144,268
    INTERNATIONAL PAPER CO 7.3% DUE 11-15-2039 REG 70,032 70,032
    INTERNATIONAL PAPER CO 8.7% DUE 06-15-2038/06-04-2008 BEO 45,226 45,226
    JABIL INC 1.7% DUE 04-15-2026 BEO 33,592 33,592
    JETBLUE AWYS CORP FIXED 7.75% DUE 05-15-2030 146,794 146,794
    JOHN SEVIER COMB CYCLE 4.626% 1-15-42 200,880 200,880
    KLA CORP 5.0% DUE 03-15-2049/03-20-2019 REG 25,363 25,363
    LEHIGH UNIV 2.553% DUE 11-15-2043/08-19-2020 REG SINKING FUND 11 92,596 92,596
    M D C HLDGS INC 6.0% DUE 01-15-2043/01-10-2013 REG 118,443 118,443
    M.D.C.HLDGS INC 3.966% 08-06-2061 25,892 25,892
    MACQUARIE GROUP LTD SR MEDIUM TERM 1.34%01-12-2027 118,650 118,650
    MANULIFE FINL CORP 4.061% DUE 02-24-2032/02-24-2027 REG 184,932 184,932
    MARRIOTT INTL INC NEW 4.5% DUE 10-01-2034/12-16-2016 REG 142,305 142,305
    MASSACHUSETTS INST TECHNOLOGY 3.067% DUE04-01-2052/03-08-2022 REG 82,557 82,557
    MORGAN STANLEY 3.125% DUE 07-27-2026 REG 100,164 100,164
    MORGAN STANLEY 5.297% 04-20-2037 38,736 38,736
    NBD BK N A DETROIT MICH 8.25% BD DUE 11-01-2024 PUTABLE 11-1-2004 @100 140,786 140,786
    NORTHWELL HEALTHCARE INC 4.26% 11-01-2047 114,571 114,571
    NORTHWESTERN MUT LIFE INS CO - INS PRODS6.063% DUE 03-30-2040/03-26-2010 BEO 141,704 141,704
    NORTHWESTERN UNIV 3.688% DUE 12-01-2038 BEO 74,479 74,479
    NRG ENERGY INC 4.45% DUE 06-15-2029/05-28-2019 BEO 94,049 94,049
    NVENT FINANCE S A R L 4.55% DUE 04-15-2028 86,965 86,965
    OLD REP INTL CORP SR NT 3.85% 06-11-2051 75,477 75,477
    OSPREY AIRCRAFT LEASING US THREE 2.209% DU 51,334 51,334
    OWENS CORNING NEW 4.3% DUE 07-15-2047/06-26-2017 REG 61,154 61,154
    PARKER-HANNIFIN CORP MEDIUM TERM NTS BOOK ENTRY TRANCHE # TR 00009 6.25% DUE 59,947 59,947
    PENTAIR FIN S A 4.5% DUE 07-01-2029 28,991 28,991
    PG&E WILDFIRE RECOVERY FDG LLC 4.451% DUE 12-01-2047 REG 110,785 110,785
    PRECISION CASTPARTS CORP 4.2% DUE 06-15-2035/06-10-2015 REG 162,449 162,449
    PUGET SOUND ENERGY INC 6.274% DUE 03-15-2037/09-18-2006 BEO 150,681 150,681
    PULTE HOMES INC 7.875% DUE 06-15-2032 BEO 140,786 140,786
    PVPTL DELTA AIR LINES/SKYMILES 4.75% DUE 10-20-2028 113,349 113,349
    PVPTL SPRINT SPECTRUM CO LLC / SPRINT 4.738% 144A 03-20-2025 BEO 106,580 106,580
    PVTPL ALLIANZ SE ALLIANZ SE 3.2% DUE 12-31-2049/10-30-2027 BEO 146,000 146,000
    PVTPL AMERICAN TOWER TR I SECD TOWER REV SECS SER 2018-1A 03-23-2028 123,391 123,391
    PVTPL ATHENE GLOBAL FDG 1.985% 08-19-2028 95,478 95,478
    PVTPL AUSTRALIA & NEW ZEALAND BKG GROUP LTD 2.57% DUE 11-25-2035/11-25-2020 83,271 83,271
    PVTPL BACARDI LTD GTD NT 5.15% 05-15-2038 99,465 99,465
    PVTPL CONTINENTAL RES INC 5.75% DUE 01-15-2031/11-25-2020 BEO 164,380 164,380
    PVTPL GLENCORE FUNDING LLC 1.625% DUE 04-27-2026 BEO 71,581 71,581
    PVTPL JBS USA LUX S A/JBS USA FOOD CO/JBS SR NT 4.375% 02-02-2052 116,691 116,691
    PVTPL KYNDRYL HLDGS INC 2.7% DUE 10-15-2028/10-15-2021 BEO 127,425 127,425
    PVTPL NATIONWIDE MUT INS CO 4.35% DUE 04-30-2050/04-30-2020 BEO 99,765 99,765
    PVTPL NEW YORK LIFE INSURANCE 5.875% DUE 05-15-2033 137,582 137,582
    PVTPL NIPPON LIFE INS CO 2.9% DUE 09-16-2051/09-16-2031 BEO 161,745 161,745
    PVTPL PERSHING RD DEV CO LLC IRS FAC LEASE NTS144A DUE 09-01-2026/09-03-2007 171,541 171,541
    PVTPL QORVO INC 3.375% DUE 04-01-2031 BEO 145,473 145,473
    PVTPL SOCIETE GENERALE MEDIUM TERM NTS BOOK EN 1.488% DUE 12-14-2026 176,405 176,405
    PVTPL VISTRA OPERATIONS CO LLC 3.7% 01-30-2027 124,265 124,265
    RELIANCE INDS LTD 2.444% DUE 01-15-2026 REG SINKING FUND 01-15-2022 134,614 134,614
    RELIANCE STD LIFE GLOBAL FDG II MED TERMNTS BOOK ENTRY 144A 2.5% DUE 10-30-2 163,220 163,220
    SANDALWOOD 2013 LLC 2.836% DUE 07-10-2025 BEO 42,442 42,442
    SBA TOWER TR 1.631% DUE 05-15-2051 BEO 129,707 129,707
    SCHWAB CHARLES CORP NEW DEP SHS REPSTG 1/100TH INT 4.0% 12-31-2250 100,067 100,067
    SCIENCE APPLICATIONS INTL CORP 5.5% DUE 07-01-2033 REG 139,562 139,562
    SCIENCE APPLICATIONS INTL CORP 7.125% DUE 07-01-2032 BEO 32,831 32,831
    STERIS PLC 3.75% DUE 03-15-2051 BEO 54,404 54,404
    SWISS RE FIN LUXEMBOURG S A 144A FIXED 5% 04-02-2049 189,250 189,250
    SYNCHRONY FINANCIAL 2.875% 10-28-2031 102,306 102,306
    T-MOBILE USA INC FIXED 4.375% DUE 04-15-2040 160,673 160,673
    TORONTO-DOMINION BANK 3.625% DUE 09-15-2031/09-15-2026 REG 81,929 81,929
    VALMONT INDS INC 5.0% DUE 10-01-2044/09-22-2014 REG 159,785 159,785
    VMWARE INC 4.65% DUE 05-15-2027/04-07-2020 REG 129,328 129,328
    WESTPAC BANKING CORPORATION 2.668% DUE 11-15-2035 REG 79,592 79,592
    WESTVACO CORP DEL 7.95% DUE 02-15-2031 BEO 77,602 77,602
    WEYERHAUSER CO 7.125 DEB DUE 7-15-2023 REG 100,963 100,963

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES, COMMON STOCK, NO PAR 266,193 266,193
    ACCENTURE PLC SHS CL A NEW 256,826 256,826
    ADOBE SYS INC COM 643,533 643,533
    ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR 157,180 157,180
    ADR MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR 91,314 91,314
    ADR SONY GROUP CORPORATION SPON ADS EACH REPR 1 ORD SHS 220,779 220,779
    AIRBNB INC CL A COM USD0.0001 CL A 204,528 204,528
    ALCON AG COM USD0.04 WI 195,902 195,902
    ALIGN TECHNOLOGY INC COM 63,428 63,428
    ALPHABET INC CAP STK USD0.001 CL C 584,049 584,049
    AMAZON COM INC COM 751,967 751,967
    AMERIPRISE FINL INC COM 194,898 194,898
    AMGEN INC COMMON STOCK 218,970 218,970
    ANSYS INC COM 198,611 198,611
    ATMOS ENERGY CORP COMATMOS ENERGY CORP COM 215,456 215,456
    AUTODESK INC., COMMON STOCK 411,328 411,328
    BLACKSTONE INC COM USD0.00001 180,635 180,635
    CAPITAL ONE FINL CORP COM 194,835 194,835
    CF BLACKROCK EM FRONTIERS FD LTD CL F 1,863,865 1,863,865
    CF CF BURGUNDY DST FOCUS ASIAN EQUITY 6,139,220 6,139,220
    CF THE MARATHON-LONDON INTERNATIONAL INVESTMENT TRUST I 9,192,066 9,192,066
    CF TIG ZEBEDEE CORE FUND LIMITED SUB CL A USD 2,085,085 2,085,085
    CINCINNATI FINANCIAL CORP., COMMON STOCK, $2 PAR 220,113 220,113
    COCA COLA CO COM 235,913 235,913
    COMMERCE BANCSHARES, INC., COMMON STOCK, $10 PAR 133,007 133,007
    CONSTELLATION BRANDS INC CL A CL A 166,638 166,638
    CORTEVA INC COM USD0.01 WI 316,719 316,719
    COTERRA ENERGY INC COM 190,846 190,846
    CROWN CASTLE INTL CORP NEW COM 200,372 200,372
    CULLEN / FROST BANKERS INC COM 138,576 138,576
    DANAHER CORP. COMMON STOCK $.01 PAR 255,548 255,548
    DOCUSIGN INC COM 95,997 95,997
    ECOLAB INC COM STK USD1 161,756 161,756
    ELANCO ANIMAL HEALTH INC COM 106,591 106,591
    EQUITY LIFESTYLE PPTYS INC REIT 94,289 94,289
    GARTNER INC COM 136,392 136,392
    GENERAL DYNAMICS CORP. COMMON STOCK, $1 PAR 188,063 188,063
    HASHICORP INC COM USD0.000015 CL A 139,016 139,016
    HONEYWELL INTL INC COM STK 177,808 177,808
    ILLUMINA INC COM 84,990 84,990
    INTUITIVE SURGICAL INC COM NEW STK 119,824 119,824
    LENNAR CORP CL A CL A 176,425 176,425
    MARTIN MARIETTA MATLS INC COMMON STOCK 194,506 194,506
    MASTERCARD INC CL A 419,904 419,904
    MEDTRONIC PLC COMMON STOCK 161,550 161,550
    META PLATFORMS INC 367,811 367,811
    MFO DFA EMERGING MARKETS VALUE 3,713,158 3,713,158
    MFO VAN ECK EMERGING MARKETS-I 3,834,667 3,834,667
    MFO VANGUARD DEVELOPED MARKETS INDEX INSTL 24,035,898 24,035,898
    MFO VANGUARD INDEX FUNDS STK MKT INST 48,771,172 48,771,172
    MICROCHIP TECHNOLOGY INC COM 209,088 209,088
    MICROSOFT CORP COM 768,179 768,179
    NETFLIX INC COM STK 149,339 149,339
    NIKE INC CL B CL B 130,407 130,407
    OSHKOSH CORPORATION 114,175 114,175
    PARKER-HANNIFIN CORP., COMMON STOCK, NO PAR 209,142 209,142
    PAYPAL HLDGS INC COM 224,955 224,955
    PHILLIPS 66 COM 114,786 114,786
    PNC FINANCIAL SERVICES GROUP COM STK 197,844 197,844
    PROCTER & GAMBLE COM NPV 192,391 192,391
    QUALCOMM INC COM 229,932 229,932
    RPM INTERNATIONAL INC 169,248 169,248
    SALESFORCE COM INC COM STK 290,965 290,965
    SERVICENOW INC COM USD0.001 262,487 262,487
    SUN COMMUNITIES INC COMMON STOCK 95,616 95,616
    TYSON FOODS, INC., CLASS A COMMON STOCK,$2 PAR (DELAWARE) 176,423 176,423
    UNITEDHEALTH GROUP INC COM 265,033 265,033
    VISA INC COM CL A STK 410,712 410,712
    XCEL ENERGY INC COM 228,201 228,201
    XYLEM INC COM 150,106 150,106
    ZOETIS INC COM USD0.01 CL 'A' 184,610 184,610

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    US Government Securities - End of Year Book Value:

    16,310,991
    US Government Securities - End of Year Fair Market Value:

    16,310,991
    State & Local Government Securities - End of Year Book Value:


    353,682
    State & Local Government Securities - End of Year Fair Market Value:


    353,682


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABERDEEN INTERNATIONAL PARTNERS II (OFFSHORE), LP FMV 648,923 648,923
    ABERDEEN INTERNATIONAL PARTNERS III (OFFSHORE), LP FMV 2,445,233 2,445,233
    ABERDEEN U.S. PRIVATE EQUITY IV (OFFSHORE), L.P. FMV 971,489 971,489
    ABERDEEN U.S. PRIVATE EQUITY V (OFFSHORE), L.P. FMV 1,342,964 1,342,964
    ABERDEEN VENTURE PARTNERS VII (OFFSHORE), L.P. FMV 832,000 832,000
    ABERDEEN VENTURE PARTNERS VIII (OFFSHORE), L.P. FMV 3,265,499 3,265,499
    AEA INVESTORS FUND VI LP FMV 5,044,570 5,044,570
    ALEN 2021-ACEN MTG TR COML MTG PASS THRUCTF CL A 144A 1.243% DUE 04-15-2034 FMV 139,243 139,243
    AMERICAN SECURITIES PARTNERS VII LP FMV 6,779,031 6,779,031
    AMSR 2021-SFR3 TR SINGLE FAMILY RENT PASSTHRU 1.726% 10-17-2038 FMV 177,214 177,214
    AUGUST CAPITAL VII FMV 13,657,150 13,657,150
    BANK 2021-BNK31 COML MTG PASSTHRU CTF CLA-S 2.211% DUE 02-15-2054 REG FMV 73,986 73,986
    BPR TR 2021-KEN COML MTG PASSTHRU CTF CLA 144A 1.356% DUE 02-15-2029 BEO FMV 103,557 103,557
    BX COML MTG TR 2021-VOLT MTG PASS THRU CTF CL C 144A 3.49101% DUE 09-15-2036 FMV 186,013 186,013
    CCHFH FUNDING CO LLC SECURED NOTE FMV 979,315 979,315
    CEVINE CAPITAL MANAGEMENT VI (NO.1) FEEDER LP FMV 6,024,932 6,024,932
    CF BBCM OFFS HORE FUND CL A SER FEB 2019 FMV 1,956,167 1,956,167
    CF BBCM OFFS HORE FUND LTD FMV 1,334,973 1,334,973
    CF CAMBER CAPITAL OFFSHORE FUND LTD CLASS A-1V FMV 1,963,138 1,963,138
    CF HG VORA SPECIAL OPPORTUNITUES LTD CL A SUB CLASS 1-ILG-INITIAL FMV 3,445,607 3,445,607
    CF MARINER ATLANTIC MULTI-STRATEGY FUND LTD CL N SER 1 ACCU SER 202202 FMV 2,605,590 2,605,590
    CF NUT TREE OFFSHORE FUND, LTD GENERAL SERIES 1 JANUARY 2020 FMV 2,508,836 2,508,836
    CF OLD ORCHARD CREDIT FUND, LTD. SUB SER1 FMV 2,972,046 2,972,046
    CF OPTI OPP CI FUND,LTD CL 1(NR)- FOUNDERS SERIES 11 -18 FMV 2,958,307 2,958,307
    CF PENTWATER MREGER ARBITRAGE FUND LTD. INITIAL SERIES CL A NR NV FMV 2,595,706 2,595,706
    CF STAMINA FUND LTD C1-ANCHOR SUB-CLASS THREE SHARES/0921 FMV 1,190,130 1,190,130
    CF STAMINA FUND LTD. ANCHOR SUB-CLASS THREE SHARES FMV 1,235,620 1,235,620
    CMO BENCHMARK MORTGAGE TRUST SER 2018-B3 CL A5 4.025% DUE 02-10-2028 FMV 162,626 162,626
    CMO CITIGROUP COML MTG TR SER 2013-GC17 CL A-4 4.131% DUE 11-10-2046 FMV 249,794 249,794
    CMO DBGS 2018-C1 MTG TR COML MTG PASS THRU CTF CL A-3 4.197% 08-15-2028 FMV 156,210 156,210
    CMO MORGAN STANLEY BK AMER MERRILL LYNCHTR 2013-C11 COML MTG PASSTHRU CTF CL FMV 222,917 222,917
    CMO SMALL BUSINESS ADMIN GTD DEV 2010-20I CL 1 3.21% DUE 09-01-2030 REG FMV 85,049 85,049
    CMO UBS-BARCLAYS COML MTG TR SER 2012-C4 CL A-5 2.8502% 12-10-2045 FMV 120,774 120,774
    CMO WFRBS COML MTG TR 2012-C10 WFRBS COML MTG TR 2012-C10 CL A3 2.875% DUE 1 FMV 249,554 249,554
    CMO WFRBS COML MTG TR 2013-C15 MTG PASS THRU CTF CL A-4 4.153% DUE 08-15-204 FMV 49,805 49,805
    CMO WFRBS COML MTG TR 2013-C18 COML MTG PASSTHRU CTF CL A-4 3.896% 12-15-204 FMV 103,000 103,000
    CNH EQUIP TR SRS 20-A CL 3 1.16% DUE 06-17-2025 FMV 69,566 69,566
    CVS CAREMARK CORP 6.036% DUE 12-10-2028 REG SINKING FUND 07-10-2009 FMV 111,348 111,348
    DIAMETER OFFSHORE FUND LP FMV 3,764,663 3,764,663
    DLLST 2022-1 LLC ASSET BACKED NT CL A-4 144A 3.69% DUE 09-20-2028 BEO FMV 117,707 117,707
    FOUNDRY GROUP NEXT LP FMV 9,939,075 9,939,075
    FRAZIER HEALTHCARE GROWTH BUYOUT FUND VIII LP FMV 5,610,104 5,610,104
    HOUSATONIC EQUITY INVESTORS VI LP FMV 3,528,821 3,528,821
    INDUS PACIFIC OPPORTUNITIES FUND FMV 1 1
    INSTITUTIONAL VENTURE PARTNERS XVI FMV 10,402,376 10,402,376
    KNIGHTHEAD SPECIAL SITUATIONS REAL ESTATE FUND II, LP FMV 111,654 111,654
    MARINER FIN ISSUANCE TR 2021-A ASSET BACKED NT CL A 144A 1.86% 03-20-2036 FMV 154,761 154,761
    MASSACHUSETTS EDL FING AUTH N/C 2.3% DUE02-25-2040 BEO SINKING FUND 08-25-20 FMV 113,754 113,754
    MED TR 2021-MDLN COML MTG PASS THRU CTF CL B 3.842% 11-15-2038 FMV 157,542 157,542
    NEW ECONOMY ASSETS PHASE 1 ISSUER NET LEASE MTG NT SER 2021-1 2.41% 10-20-20 FMV 116,853 116,853
    NEW RESDNTL AP ADVANCE RECEIVABLES ADVANCE AST BACKED CTF CL 1.0347% 12 FMV 181,521 181,521
    NORDIC CAPITAL IX ALPHA LP FMV 8,492,090 8,492,090
    NRZ ADVANCE RECEIVABLES TR 2015-ON1 ADVANCE RECEIVABLES BACKED 1.4754% 09 FMV 143,272 143,272
    ONEMAIN DIRECT AUTO RECEIVABLES TR 2022-1 ASSET BACKED NT CL A-1 144A 4.65%D FMV 140,655 140,655
    PAMLICO CAPITAL IV LP FMV 6,635,885 6,635,885
    PEAK ROCK CAPITAL CREDIT FUND II A LP FMV 535,523 535,523
    PEAK ROCK CAPITAL FUND II-A LP FMV 1,373,847 1,373,847
    PROGRESS RESIDENTIAL 2021-SFR2 TR SINGLE-FAMILY RENT PASS 1.796% 04 FMV 108,043 108,043
    PVTPL AB ISSUER LLC 2021-1 SR SECD NT CLA-2 144A 3.734% DUE 07-30-2051 BEO FMV 176,167 176,167
    PVTPL CAJUN GLOBAL LLC SR SECD NT CL A-2 144A 3.931% 11-20-2051 FMV 151,437 151,437
    PVTPL CMO COMM MTG TR SER 20-CBM CL A2 2.896% 11-13-2039 BEO FMV 94,677 94,677
    PVTPL CMO IMS ECUADORIAN MTG 2021-1 TR 18/08/2043 3.4% DUE 08-18-2043 BEO FMV 180,447 180,447
    PVTPL CMO KNDR TR 2021-KIND SR 21-KIND CL B VAR RT 08-15-2026 FMV 137,814 137,814
    PVTPL CMO LA HIPOTECARIA EL SALVADORIAN SER 2013-1A CL A 3.4975% 10-25-2041 FMV 112,284 112,284
    PVTPL CMO LA HIPOTECARIA MTG TR 2019-1 PASSTHRU TR CTF 144A 4.25% 09-29-2046 FMV 142,634 142,634
    PVTPL CMO MHC COML MTG TR 2021-MHC CL B FLTG DUE 04-15-2026 BEO FMV 171,974 171,974
    PVTPL CMO VASA TR 2021-VASA CL A VAR RT DUE 07-15-2039 BEO FMV 124,127 124,127
    PVTPL CMO WELLS FARGO COML MTG SR 2019-JWDR CL A 2.58386% 09-15-2026 FMV 296,367 296,367
    PVTPL COINSTAR FDG LLC SR SECD NT CL A-25.216% DUE 04-25-2047 REG FMV 91,768 91,768
    PVTPL DIAMOND INFRASTRUCTURE FDG LLC SECD CELLULAR SITE REV NT CL A 144A 1.7 FMV 128,814 128,814
    PVTPL DRIVEN BRANDS FDG LLC SR SECD NT SER 2019-2 CL A-2 144A 3.981% DUE 10 FMV 227,297 227,297
    PVTPL EDVESTINU PRIVATE ED LN ISSUE NO 2SER 19-A CL A FLTG 144A 11-25-2038 FMV 95,520 95,520
    PVTPL HOME PARTNERS AMER 2021-3 TR 21-3 CL B 2.649% DUE 01-17-2041 BEO FMV 208,966 208,966
    PVTPL HOTWIRE FDG LLC 2021-1 SECD FIBER CL A-2 2.311% 11-20-2051 FMV 146,362 146,362
    PVTPL ME FDG LLC SR SECD NT SER 2019-1 CL A-2 144A 6.448% DUE 07-30-2049 BEO FMV 96,916 96,916
    PVTPL PFS FING CORP 1.27% DUE 06-16-2025BEO FMV 247,826 247,826
    PVTPL SBA TOWER TR 2.836% 144A 15/01/2050 2.836% DUE 01-15-2050 REG FMV 168,890 168,890
    PVTPL SEB FDG LLC SR SECD NT SER 2021-A CL A-2 4.969% 01-30-2052 FMV 154,672 154,672
    PVTPL SERVPRO MASTER ISSUER LLC 2019-1 SR SECD NT CL A-2 144A 3.882% DUE 10 FMV 181,560 181,560
    PVTPL SUMMIT ISSUER LLC SECD DARK FIBER NETWORK REV NT 144A 3C7 SER 2020-1 C FMV 90,775 90,775
    SANTANDER DRIVE AUTO RECEIVABLES TR 2022SR 22-3 CL B 4.59% 08-16-2027 FMV 123,544 123,544
    SK CAPITAL PARTNERS IV-B, LP FMV 2,572,595 2,572,595
    SMALL BUSINESS ADMINISTRATION SER 2019-10A CL 1 3.113% 03-10-2029 FMV 120,758 120,758
    TESLA AUTO LEASE TR 2020-A ASSET BACKED NT CL B 144A 1.18% DUE 01-22-2024 BE FMV 181,520 181,520
    VARADERO PARTNERS LP FMV 3,754,616 3,754,616
    WFRBS COML MTG TR 2014-C19 COML MTG PASSTHRU CTF CL A-4 3.829% DUE 03 FMV 238,756 238,756
    WORLD OMNI AUTO RECEIVABLES SRS 20-C CL B .87% DUE 10-15-2026 FMV 134,997 134,997

    TY 2021 LegalFeesSchedule
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 6,959 0   6,253
    LEGAL - INITIATIVES 9,362 0   9,362


    TY 2021 OtherAssetsSchedule
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    RABBI TRUST 611,925 642,228 642,228
    EXCISE TAX RECEIVABLE 135,922 0 0


    TY 2021 OtherDecreasesSchedule
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Description Amount
    UNREALIZED LOSS ON SECURITIES 29,708,522


    TY 2021 OtherExpensesSchedule
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & SUBSCRIPTIONS 63,041 0   62,646
    POSTAGE & PRINTING 4,189 0   4,354
    POSTAGE & PRINTING - INITIATIVES 149,980 0   149,980
    INTERNET/TELECOMMUNICATIONS 57,720 0   57,720
    INTERNET/TELECOMMUNICATIONS-INITIATIVES 117,444 0   116,812
    MISCELLANEOUS 6,188 0   6,192
    COMPUTER EXPENSES 32,513 0   34,531
    COMPUTER EXPENSES - INITIATIVES 8,500 0   8,500
    OFFICE SUPPLIES 13,624 0   14,490
    OFFICE SUPPLIES - INITIATIVES 15,414 0   15,414
    INSURANCE 7,580 0   7,873
    ADMINISTRATIVE MANAGEMENT 51,938 0   49,667
    ADMINISTRATIVE MANAGEMENT - INITIATIVES 10,200 0   10,200
    MEDIA - INITIATIVES 5,168 0   5,168
    INITIATIVE OTHER EXPENSES 720,177 0   728,356
    OUTSIDE CONTRACT SERVICES 28,299 0   28,299
    OUTSIDE CONTRACT SERVICES - INITIATIVES 332,119 0   332,119
    PAYROLL FEES 3,653 0   3,653
    PAYROLL FEES - INITIATIVES 146,519 0   146,519


    TY 2021 OtherIncomeSchedule2
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NET PARTNERSHIP INCOME   9,558,080  


    TY 2021 OtherIncreasesSchedule
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Description Amount
    DEFERRED EXCISE TAX 413,286


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILITY 1,315,273 901,987
    DEFERRED COMPENSATION LIABILITY 611,925 642,228
    EXCISE TAX PAYABLE 84,139 66,565


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 62,531 0   84,046
    CONSULTING - INITIATIVES 1,789,969 0   1,132,400
    OTHER INVESTMENT FEES 0 532,868   0


    TY 2021 TaxesSchedule
    Name:
    THE PATTERSON FOUNDATION
    EIN:
    65-6230256
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 415,882 0   0