TY 2021 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021

Name of foundation
PB&K FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1801 CALIFORNIA STREET 4400
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO80202

A Employer identification number

45-3982905

B Telephone number (see instructions)

(805) 456-1905

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$21,552,691J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	62,480		62,480
4	Dividends and interest from securities...	195,367		195,367
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		707,272
b	Gross sales price for all assets on line 6a 1,015,874
7	Capital gain net income (from Part IV, line 2)...			707,272
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).......
12	Total. Add lines 1 through 11........	965,119		965,119
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		9,080		9,080
c	Other professional fees (attach schedule)....		505,002	504,202	800
17	Interest...............	235		235
18	Taxes (attach schedule) (see instructions)...		10,290	10,290
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		7,901	7,901
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	532,508		522,628	9,880
25	Contributions, gifts, grants paid.......	873,253			873,253
26	Total expenses and disbursements. Add lines 24 and 25	1,405,761		522,628	883,133
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-440,642
b	Net investment income (if negative, enter -0-)			442,491
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	495,622	1,472,584	1,472,584
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	678,890	837,477	868,509
	b	Investments—corporate stock (attach schedule).......	9,136,919	9,136,920	14,467,274
	c	Investments—corporate bonds (attach schedule).......	211,894	209,810	207,370
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,594,620	2,027,112	4,536,954
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	6,600
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	14,124,545	13,683,903	21,552,691
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	14,124,545	13,683,903
	29	Total net assets or fund balances (see instructions).....	14,124,545	13,683,903
	30	Total liabilities and net assets/fund balances (see instructions).	14,124,545	13,683,903

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

14,124,545

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

-440,642

Other increases not included in line 2 (itemize) bullet

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

13,683,903

Decreases not included in line 2 (itemize) bullet

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

13,683,903

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 BONDS - LONG TERM	P	2000-01-01	2021-12-31
b	FROM K-1: EQUINOX ALTERNATIVE OFFSHORE	P	2000-01-01	2021-12-31
c	FROM K-1: NEW ENERGY INVESTORS III	P	2000-01-01	2021-12-31
d	FROM K-1: RENEWAL4 US LIMITED PART.	P	2000-01-01	2021-12-31
e	Capital Gain Dividends

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	314,936	307,959	6,977
b	476,089		476,089
c		643	-643
d	12,041		12,041
e			212,808

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			6,977
b			476,089
c			-643
d			12,041
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	707,272
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

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 and enter “N/A" on line 1.
	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
3	Add lines 1 and 2...........................	3	6,151
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	6,151
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	18,457
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	18,457
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	12,306
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax12,306	Refunded	11

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

PBANDKFAMILYFOUNDATION.ORG

The books are in care of bullet

CRESSET Telephone no. bullet

(805) 456-1905

Located at bullet

120 EAST DE LA GUERRA STREET SUITESANTA BARBARACA ZIP+4 bullet

93101

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 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

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)

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

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

1a(2)

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

1a(3)

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

1a(4)

(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)

(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)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

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

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(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)

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

5a(3)

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

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

5a(4)

(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)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

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
DEBRA J PERRY	President 0.00	0
1801 CALIFORNIA ST 4400 DENVER,CO80202	President 0.00	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

Form 990-PF (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
MANCHESTER CAPITAL MANAGEMENT LLC	INVESTMENT MGMT	80,524
PO BOX 416 MANCHESTER,VT05254	INVESTMENT MGMT	80,524

Total number of others receiving over $50,000 for professional services............. bullet

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

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

19,756,757

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

734,489

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

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

20,491,246

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

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

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

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

20,491,246

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

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

307,369

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

20,183,877

Minimum investment return. Enter 5% (0.05) of line 5................

1,009,194

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.)

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

1,009,194

Tax on investment income for 2021 from Part V, line 5.......

6,151

Income tax for 2021. (This does not include the tax from Part V.) ...

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

6,151

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

1,003,043

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

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

1,003,043

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

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

1,003,043

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			1,003,043
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......		842,547
b Total for prior years:20, 20, 20
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 ........
4Qualifying distributions for 2021 from Part
XI, line 4: $ 883,133
a Applied to 2020, but not more than line 2a		842,547
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2021 distributable amount.....			40,586
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........			962,457
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......
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)

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 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

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).)

DEBRA J PERRY

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

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

Check here bullet

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

aThe name, address, and telephone number or 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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ATTENTION HOMES 1443 SPRUCE STREET BOULDER,CO80302	NONE	PC	GENERAL SUPPORT	10,000
DENVER ART MUSEUM 100 W 14TH AVE PKWY DENVER,CO80204	NONE	PC	GENERAL SUPPORT	73,151
DOCTORS WITHOUT BORDERS 40 RECTOR ST 16TH FLOOR NEW YORK,NY10006	NONE	PC	GENERAL SUPPORT	100,000
DRUGS FOR NEGLECTED DISEASES INITIA 40 WALL ST FLOOR 24 NEW YORK,NY10005	NONE	PC	GENERAL SUPPORT	20,000
GLOBAL LINKS 700 TRUMBULL DRIVE PITTSBURGH,PA15205	NONE	PC	GENERAL SUPPORT	10,000
HUNGER FREE COLORADO 1355 S COLORADO BLVD SUITE 201 DENVER,CO80222	NONE	PC	GENERAL SUPPORT	35,000
INTO YOUR HANDS AFRICA PO BOX 3981 EVERGREEN,CO80437	NONE	PC	GENERAL SUPPORT	15,602
POSNER CENTER 1031 33RD STREET STE 140 DENVER,CO80205	NONE	PC	GENERAL SUPPORT	20,000
WE DON'T WASTE 3560 WALNUT STREET UNIT B DENVER,CO80205	NONE	PC	GENERAL SUPPORT	25,000
IMPACT 100 METRO DENVER PO BOX 6416 DENVER,CO80206	NONE	PC	GENERAL SUPPORT	1,000
NATURAL RESOURCES DEFENSE COUNCIL 40 WEST 20TH STREET 11TH FLOOR NEW YORK,NY10011	NONE	PC	GENERAL SUPPORT	100,000
RAICES 1305 N FLORES STREET SAN ANTONIO,TX78212	NONE	PC	GENERAL SUPPORT	10,000
CONSERVATION COLORADO 1536 WYNKOOP ST 510 DENVER,CO80202	NONE	PC	GENERAL SUPPORT	20,000
ROCKY MOUNTAIN PEACE JUSTICE CENTER 3970 BROADWAY SUITE B5 BOULDER,CO80304	NONE	PC	GENERAL SUPPORT	5,000
AMERICAN CIVIL LIBERTIES UNION FOUN 303 E 17TH AVENUE DENVER,CO80203	NONE	PC	GENERAL SUPPORT	40,000
COLORADO CENTER ON LAW AND POLICY 789 SHERMAN ST 300 DENVER,CO80203	NONE	PC	GENERAL SUPPORT	150,000
COLORADO HIGH SCHOOL CHARTER 1175 OSAGE STREET DENVER,CO80204	NONE	PC	GENERAL SUPPORT	8,000
DENVER MUSEUM OF NATURE SCIENCE 2001 COLORADO BLVD DENVER,CO80205	NONE	PC	GENERAL SUPPORT	10,000
DENVER SCHOOL OF SCIENCE TECH 3401 QUEBEC STREET STE 2000 DENVER,CO80207	NONE	PC	GENERAL SUPPORT	8,000
LABORATORY TO COMBAT HUMAN TRAFFICK 1031 33RD ST DENVER,CO80205	NONE	PC	GENERAL SUPPORT	87,500
MARGARET'S VILLAGE 7320 S YALE AVE CHICAGO,IL60621	NONE	PC	GENERAL SUPPORT	10,000
NAACP 7 ST PAUL STREET STE 12 BALTIMORE,MD21202	NONE	PC	GENERAL SUPPORT	40,000
UNIVERSITY OF DENVER 2190 E ASBURY AVE DENVER,CO80208	NONE	PC	SUPPORT FOR SCHOLARSHIPS	60,000
URBAN LEADERSHIP FOUNDATION OF COLO 1550 LARIMER SQUARE STE 518 DENVER,CO80202	NONE	PC	GENERAL SUPPORT	15,000
Total ................................. 3a				873,253

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	62,480
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	707,272
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) ..				965,119

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

965,119

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part 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)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2021)

Additional Data

Software ID:	21013475
Software Version:	2021v4.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

PB&K FAMILY FOUNDATION

EIN:

45-3982905

Software ID:

21013475

Software Version:

2021v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	9,080	0	0	9,080

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

PB&K FAMILY FOUNDATION

EIN:

45-3982905

Software ID:

21013475

Software Version:

2021v4.0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
PIMCO INCM INST CL	209,810	207,370

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

PB&K FAMILY FOUNDATION

EIN:

45-3982905

Software ID:

21013475

Software Version:

2021v4.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
WALDEN EQUITY FUND	1,154,620	2,342,411
ISHARES MSCI USA ESG	993,620	1,993,250
PARNASSUS MID CAP FD	1,500,030	2,135,538
PAX SMALL CAP INST	556,744	685,348
VANGUARD SMALL CAP INDEX	299,444	531,792
DOMINI INTL SOCIAL EQUITY	502,391	607,321
BOSTON COMMON INTL FUND	900,045	1,216,635
CALVERT EMERGING MARKETS EQUITY 1	1,074,526	1,552,373
COHEN & STEERS PREF SEC	255,470	269,616
VANGUARD FTSE SOCIAL	1,400,015	2,638,056
CALVERT BOND FD I	500,015	494,934

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

PB&K FAMILY FOUNDATION

EIN:

45-3982905

Software ID:

21013475

Software Version:

2021v4.0

US Government Securities - End of Year Book Value:

537,298

US Government Securities - End of Year Fair Market Value:

552,039

State & Local Government Securities - End of Year Book Value:

300,179

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

316,470

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

PB&K FAMILY FOUNDATION

EIN:

45-3982905

Software ID:

21013475

Software Version:

2021v4.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
COMMUNITY CAPITAL MANAGEMENT	AT COST	547,075	532,155
ORACLE CORPORATION 9/15/23 2.4%	AT COST
JP MORGAN CHASE 10/1/26 2.95%	AT COST
AT&T 2/17/26 2.5%	AT COST	20,255	21,782
SHELL INTL FIN 5/11/25 3.25%	AT COST	30,097	31,892
APPLE INC 2/23/23 2.85%	AT COST	30,304	30,695
JOHN DEERE CAPITAL 3/6/23 2.8%	AT COST
STATOIL ASA 1/17/23 2.45%	AT COST	29,509	30,520
EQUINOX ALT. OFFSHORE	AT COST	230,534	1,409,017
SPDR DJ WILSHIRE REIT	AT COST	280,319	488,640
GOLDMAN SACHS 4/26/22 3%	AT COST
ENBRIDGE INC 101/23 4%	AT COST	10,452	10,439
LOWES COMPANIES 5/3/27 3.1%	AT COST	29,420	32,000
NEW ENERGY INVESTORS III LP	AT COST	601,621	412,816
ABBVIE INC 11/6/22 2.9%	AT COST
ANTHEM INC 12/1/27 3.65%	AT COST	14,979	16,419
COMCAST CORP 3/1/26 3.15%	AT COST	25,038	26,613
ENTERPRISE IMPACT NOTE 12/30/22 2%	AT COST	200,000	202,992
MERCK & CO 3/7/29 3.4%	AT COST	20,638	21,771
MICROSOFT CORP 2/12/25 2.7%	AT COST	24,693	26,117
NEXTERA ENERGY 4/1/24 3.15%	AT COST
NYS URBAN DEV 3/15/24 3.1%	AT COST
RENEWAL4 US LIMITED PARTNERSHIP	AT COST	138,922	191,590
SANTA CLARA VALLEY 6/1/29 2.484%	AT COST
SCHLUMBERGER 12/1/23 3.65%	AT COST	5,290	5,222
TOTAL CAP SR GLOBAL 2/19/29 3.455%	AT COST	10,253	10,864
WESTPAC BANK 1/11/22 2.8%	AT COST
AFFORDABLE MORTGAGE SOLUTIONS 07/31/2028	AT COST	250,000	250,000
AMERICAN EXPRESS 2.5% DUE 07/30/24	AT COST	10,273	10,317
AMERICAN HONDA F1 1.2% DUE 07/08/25	AT COST	10,134	9,957
ANHEUSER-BUSCH INBE 4% DUE 04/13/28	AT COST	11,612	11,113
AON CORP 2.8% DUE 05/15/30	AT COST	16,329	15,451
BANK OF AMERICA C VAR DUE 07/23/31	AT COST	25,309	23,892
BOSTON PROPERTIES 2.75% DUE 10/01/26	AT COST	10,784	10,403
CITIGROUP INC DUE 04/23/29	AT COST	22,362	22,028
IMPACT AMERICA FUND II, L.P.	AT COST	118,626	187,349
LOCKHEED MARTIN 3.55% DUE 01/15/26	AT COST	11,269	10,830
MORGAN STANLEY 3.7% DUE 10/23/24	AT COST	16,711	15,951
N HAVEN CT 1.236% DUE 10/01/26	AT COST
PEPSICO, INC. 2.75% DUE 03/19/30	AT COST	19,744	21,127
PMA CN AZ COP 0.66% DUE 12/01/23	AT COST
PNC FINL SVCS GRO 3.5% DUE 01/23/24	AT COST	10,690	10,464
PUBLIC SERVICE 2.875% DUE 06/15/24	AT COST	21,141	20,695
SJF VENTURES V, L.P.	AT COST	93,746	92,517
SIMON PROPERTY 3.375% DUE 10/01/24	AT COST	10,676	10,522
THE HOME DEPOT 2.95% DUE 06/15/29	AT COST	17,226	15,975
THE WALT DISNEY CO 2% DUE 09/01/29	AT COST	16,223	15,904
THERMO FISHER S 4.497% DUE 03/25/30	AT COST
UNITEDHEALTH GRO 3.75% DUE 07/15/25	AT COST	21,837	21,661
VERIZON COMMUNICATIONS 1.5% DUE 09/18/30	AT COST	12,002	11,257
ABBOT LABORATORIES 2.95% DUE 3/15/25	AT COST	11,000	10,500
ABBVIE INC. 3.2% DUE 11/21/29	AT COST	16,063	15,985
ALEXANDRIA REAL EST 4.9% DUE 12/15/30	AT COST	6,407	5,990
AMERICAN ELECTRIC 1% DUE 11/1/25	AT COST	10,058	9,793
AMERICAN TOWER 3.125% DUE 1/15/27	AT COST	10,780	10,469
AMGEN INC 2.2% DUE 2/21/27	AT COST	15,586	15,351
CARRIER GLOBAL 2.242% DUE 2/15/25	AT COST	5,162	5,111
CVS HEALTH 4.3% DUE 3/25/28	AT COST	17,752	16,792
EQUINIX INC 3.2% DUE 11/18/29	AT COST	9,522	9,440
EVERSOURCE ENERGY 3.8% DUE 12/1/23	AT COST	11,028	10,486
GOLDMAN SACHS VAR DUE 6/5/28	AT COST	17,131	16,193
JPMORGAN CHASE VAR DUE 4/22/32	AT COST	24,156	24,318
LINCOLN NATL CORP 3.05% DUE 1/15/30	AT COST	5,267	5,205
NORTHROP GRUMMAN 2.93% DUE 1/15/25	AT COST	10,813	10,426
PROLOGIS INC 1.25% DUE 10/15/30	AT COST	19,259	18,571
SALESFORCE.COM 1.95% DUE 7/15/31	AT COST	14,899	14,852
SEMPRA 3.4% DUE 2/1/28	AT COST	16,222	15,969
SUMITOMO MITSU 3.936% DUE 10/16/23	AT COST	8,692	8,408
TORONTO DOMINION 0.75% DUE 1/6/26	AT COST	24,464	24,138

- TIN:

TY 2021 OtherExpensesSchedule

Name:

PB&K FAMILY FOUNDATION

EIN:

45-3982905

Software ID:

21013475

Software Version:

2021v4.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CASH TIMING DIFFERENCES	7,901	7,901

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

PB&K FAMILY FOUNDATION

EIN:

45-3982905

Software ID:

21013475

Software Version:

2021v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	504,202	504,202	0	0
WEBSITE HOSTING	800	0	0	800

- TIN:

TY 2021 TaxesSchedule

Name:

PB&K FAMILY FOUNDATION

EIN:

45-3982905

Software ID:

21013475

Software Version:

2021v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES - CHARLES SCHWAB #0091	10,290	10,290