Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
JOHN B & BROWNIE YOUNG MEMORIAL FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 919798
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ORLANDO, FL328919798
A Employer identification number

61-6025137
B Telephone number (see instructions)

(270) 688-7878
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$19,021,690J 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 3,747 3,747  
4 Dividends and interest from securities... 380,380 377,977  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 909,120
b Gross sales price for all assets on line 6a 4,892,171
7 Capital gain net income (from Part IV, line 2)... 909,120
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,293,247 1,290,844  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 54,002 27,001   27,001
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 28,852 0 0 28,852
b Accounting fees (attach schedule)....... Click to see attachment 1,200 0 0 1,200
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,614 4,617   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications.......... 1,125 0 0 1,125
23 Other expenses (attach schedule)....... Click to see attachment 305 305    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 93,098 31,923 0 58,178
25 Contributions, gifts, grants paid....... 785,000 785,000
26 Total expenses and disbursements. Add lines 24 and 25 878,098 31,923 0 843,178
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 415,149
b Net investment income (if negative, enter -0-) 1,258,921
c Adjusted net income (if negative, enter -0-)... 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 Savings and temporary cash investments......... 479,992 565,833 565,833
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,016,047 Click to see attachment3,878,302 5,990,759
c Investments—corporate bonds (attach schedule)....... 5,638,801 Click to see attachment4,653,055 4,733,889
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,296,523 Click to see attachment5,814,789 7,731,209
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,431,363 14,911,979 19,021,690
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 14,431,363 14,911,979
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)..... 14,431,363 14,911,979
30 Total liabilities and net assets/fund balances (see instructions). 14,431,363 14,911,979
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
14,431,363
2
Enter amount from Part I, line 27a .....................
2
415,149
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
70,432
4
Add lines 1, 2, and 3 ..........................
4
14,916,944
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,965
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
14,911,979
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 60000. U.S. TREASURY NOTES 0.625% 5/15/30   2020-07-02 2021-01-06
b 61000. U.S. TREASURY NOTES 0.625% 8/15/30   2020-10-07 2021-01-06
c 55000. INVESCO FINANCE PLC DTD 11/08/2012 3.125   2018-02-14 2021-01-07
d 110000. FED NATL MTG ASSN DTD 02/05/2016 1.375%     2021-02-11
e 45000. ORACLE CORP 1.900% 9/15/21   2016-06-29 2021-03-12
1884. GLAXO PLC     2021-03-25
302. VIATRIS INC   2020-05-08 2021-03-25
60000. VIRGINIA ELEC & PWR 2.950% 1/15/22   2018-07-27 2021-04-09
2742.1 ALLY AUTO RECEI ABS 1.930% 5/15/24   2019-09-10 2021-04-16
52000. U.S. TREASURY NOTES 2.375% 5/15/29   2019-11-29 2021-04-16
119000. U S TREASURY NOTES 3.125% 05/15/21   2021-01-06 2021-05-13
4678.2 ALLY AUTO RECEI ABS 1.930% 5/15/24   2019-09-10 2021-05-15
75000. FHLB 3.250% 11/16/28   2019-02-28 2021-06-08
4480.24 ALLY AUTO RECEI ABS 1.930% 5/15/24   2019-09-10 2021-06-15
2069.25 FORD CREDIT ABS 1.870% 3/15/24   2019-11-19 2021-06-15
68000. FED HOME LN MTG CORP 2.375% 01/13/22     2021-06-30
4517.18 ALLY AUTO RECEI ABS 1.930% 5/15/24   2019-09-10 2021-07-15
4593.31 FORD CREDIT ABS 1.870% 3/15/24   2019-11-19 2021-07-15
3319. AT&T INC     2021-08-06
425. ABBVIE INC   2019-10-18 2021-08-06
2628. BP AMOCO PLC ADS L C     2021-08-06
1457. BRITISH AMERICAN TOBACCO PLC   2020-05-08 2021-08-06
874. CISCO SYSTEMS     2021-08-06
85. DEERE & COMPANY   2020-05-08 2021-08-06
1135. DOMINION RESOURCES INC/VA COMMON     2021-08-06
1738. ENBRIDGE INC   2020-05-08 2021-08-06
1645. EXXON MOBIL CORPORATION     2021-08-06
320. IDEX CORP   2012-03-13 2021-08-06
5895. ISHARES MSCI EMERGING MKTS INDEX FUND     2021-08-06
1007. I SHARES EAFE INDEX FUND     2021-08-06
4463. ISHARES RUSSELL MIDCAP VALUE INDEX     2021-08-06
4749. ISHARES RUSSELL MIDCAP INDEX FUND   2015-10-16 2021-08-06
178. ISHARES TR RUSSELL 1000 VALUE INDEX FUND   2020-05-08 2021-08-06
3360. ISHARES TR S&P MIDCAP 400/BARRA GROWTH   2019-10-18 2021-08-06
1569. ISHARES RUSSELL 2000 VALUE INDEX FD     2021-08-06
407. ISHARES RUSSELL 2000 GROWTH INDEX     2021-08-06
1966. ISHARES TR MSCI SMALL CAP ETF     2021-08-06
1913. ISHARES MSCI EAFE VALUE ETF   2013-10-11 2021-08-06
396. ISHARES TR MSCI EAFE GROWTH ETF     2021-08-06
600. ISHARES CORE MSCI EMERGING MKTS ETF     2021-08-06
1094. NATIONAL GRID PLC SPONS ADR   2020-05-08 2021-08-06
150. S & P 500 DEPOSITARY RECEIPT COMMON   2013-10-11 2021-08-06
2850. SPDR PORTFOLIO DEVELOPED WORLD ETF     2021-08-06
5235. SPDR PORTFOLIO S&P 600 SMALL CAP ETF     2021-08-06
1157. SOUTHERN COMPANY   2018-12-18 2021-08-06
1070. UNILEVER PLC-SPONSORED ADR   2020-05-08 2021-08-06
55000. BANK OF MONTREAL MTN 2.500% 6/28/24   2019-06-25 2021-08-10
5000. HOLLYFRONTIER CORP 5.875% 4/01/26   2017-05-22 2021-08-12
4133.97 ALLY AUTO RECEI ABS 1.930% 5/15/24   2019-09-10 2021-08-15
4108.87 FORD CREDIT ABS 1.870% 3/15/24   2019-11-19 2021-08-15
20000. PRUDENTIAL FINL MTN 3.878% 3/27/28   2019-06-12 2021-08-30
2000. HOLLYFRONTIER CORP 5.875% 4/01/26   2017-05-22 2021-09-10
4000. HOLLYFRONTIER CORP 5.875% 4/01/26   2017-05-22 2021-09-13
4147.25 ALLY AUTO RECEI ABS 1.930% 5/15/24   2019-09-10 2021-09-15
3933.58 FORD CREDIT ABS 1.870% 3/15/24   2019-11-19 2021-09-15
55000. TD AMERITRADE 3.625% 4/01/25   2021-01-07 2021-09-27
35000. PRUDENTIAL FINL MTN 3.878% 3/27/28   2019-06-12 2021-09-30
3738.46 ALLY AUTO RECEI ABS 1.930% 5/15/24   2019-09-10 2021-10-15
3517. FORD CREDIT ABS 1.870% 3/15/24   2019-11-19 2021-10-15
55000. SUMITOMO MITSUI FINL 2.846% 1/11/22   2018-01-12 2021-10-26
44000. ENERGY TRAN PTNR 5.200% 2/01/22   2018-10-04 2021-11-01
57000. KIMCO REALTY CORP 3.400% 11/01/22   2017-08-10 2021-11-04
60000. COCA-COLA CO 1.450% 6/01/27   2020-04-29 2021-11-12
3436.13 ALLY AUTO RECEI ABS 1.930% 5/15/24   2019-09-10 2021-11-15
3437.39 FORD CREDIT ABS 1.870% 3/15/24   2019-11-19 2021-11-15
56000. COMCAST CORP 3.600% 3/01/24   2019-06-12 2021-12-03
3479.85 ALLY AUTO RECEI ABS 1.930% 5/15/24   2019-09-10 2021-12-15
3372.77 FORD CREDIT ABS 1.870% 3/15/24   2019-11-19 2021-12-15
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 57,972   59,733 -1,761
b 58,760   60,071 -1,311
c 57,801   54,756 3,045
d 110,055   110,000 55
e 45,291   44,922 369
67,570   75,287 -7,717
4,228   4,912 -684
60,799   59,609 1,190
2,742   2,742  
55,869   54,265 1,604
119,018   119,010 8
4,678   4,678  
85,493   76,320 9,173
4,480   4,480  
2,069   2,069  
68,837   68,133 704
4,517   4,517  
4,593   4,593  
92,749   121,297 -28,548
48,886   32,628 16,258
67,012   120,762 -53,750
53,997   55,305 -1,308
48,641   34,580 14,061
31,210   11,685 19,525
86,197   91,256 -5,059
68,494   55,676 12,818
94,742   140,931 -46,189
72,857   13,510 59,347
306,745   223,026 83,719
80,826   65,019 15,807
519,915   378,941 140,974
382,221   193,993 188,228
28,658   19,472 9,186
274,271   188,671 85,600
253,006   161,846 91,160
123,111   78,006 45,105
149,150   103,099 46,051
99,705   106,113 -6,408
43,633   28,879 14,754
38,211   28,932 9,279
71,375   62,950 8,425
66,333   25,523 40,810
106,148   82,212 23,936
226,125   143,041 83,084
75,060   52,686 22,374
60,649   55,504 5,145
57,802   54,992 2,810
5,751   5,223 528
4,134   4,134  
4,109   4,109  
23,385   21,106 2,279
2,295   2,088 207
4,591   4,175 416
4,147   4,147  
3,934   3,933 1
59,630   59,960 -330
39,626   36,910 2,716
3,738   3,738  
3,517   3,517  
55,287   54,850 437
44,000   44,000  
58,318   57,336 982
59,436   59,927 -491
3,436   3,436  
3,437   3,437  
59,540   59,540  
3,480   3,480  
3,373   3,373  
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
      506
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       -1,761
b       -1,311
c       3,045
d       55
e       369
      -7,717
      -684
      1,190
       
      1,604
      8
       
      9,173
       
       
      704
       
       
      -28,548
      16,258
      -53,750
      -1,308
      14,061
      19,525
      -5,059
      12,818
      -46,189
      59,347
      83,719
      15,807
      140,974
      188,228
      9,186
      85,600
      91,160
      45,105
      46,051
      -6,408
      14,754
      9,279
      8,425
      40,810
      23,936
      83,084
      22,374
      5,145
      2,810
      528
       
       
      2,279
      207
      416
       
      1
      -330
      2,716
       
       
      437
       
      982
      -491
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 909,120
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 17,499
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 17,499
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 9,834
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 17,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 26,834
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 9,335
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet9,335 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletKY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletTRUIST BANK Telephone no.bullet (270) 688-7878

    Located atbulletPO BOX 919798ORLANDOFL ZIP+4bullet328919798
    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)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    TRUIST BANK TRUSTEE
    12     		46,002    
    PO BOX 919798
    ORLANDO,FL328919798
    DAVIESS CO BOARD OF EDUCATION COMMITTEE MEMBER
    0     		2,000    
    PO BOX 21510
    OWENSBORO,KY42304
    MCLEAN COUNTY BOARD OF EDUCATION COMMITTEE MEMBER
    0     		2,000    
    PO BOX 245
    CALHOUN,KY42327
    OWENSBORO BOARD OF EDUCATION COMMITTEE MEMBER
    0     		2,000    
    450 GRIFFITH AVE
    OWENSBORO,KY42301
    OWENSBORO- CATHOLIC SCHOOL COMMITTEE MEMBER
    0     		2,000    
    600 LOCUST STREET
    OWENSBORO,KY42301
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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)
    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
    17,994,884
    b
    Average of monthly cash balances.......................
    1b
    316,156
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,311,040
    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
    18,311,040
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    274,666
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    18,036,374
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    901,819
    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
    901,819
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    17,499
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,499
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    884,320
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    66,967
    5
    Add lines 3 and 4............................
    5
    951,287
    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
    951,287
    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 7 951,287
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 0
    b From 2017...... 34,932
    c From 2018...... 158,198
    d From 2019...... 172,265
    e From 2020...... 0
    f Total of lines 3a through e ........ 365,395
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 843,178
    a Applied to 2020, but not more than line 2a 0
    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..... 843,178
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 108,109 108,109
    (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 5 257,286
    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 ..........     		0
    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 ......     		257,286
    10 Analysis of line 9:
    a Excess from 2017.... 0
    b Excess from 2018.... 85,021
    c Excess from 2019.... 172,265
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BBT WEALTH MGMT DIVISION
    100 W 3RD ST
    OWENSBORO,KY42303
    (270) 688-7878
    bThe form in which applications should be submitted and information and materials they should include:
    COMPLETED APPLICATION ALONG WITH TRANSCRIPT OF GRADES AND ACT/SAT SCORES
    cAny submission deadlines:
    ACADEMIC SCHOOL YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    UNMARRIED, FULL-TIME STUDENTS LOCATED IN OWENSBORO, KY, DAVIES CO, KY OR MCLEAN CO, KY SCHOOL DISTRICTS
    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
    OWENSBORO CATHOLIC SCHOOL DIOCESE
    600 LOCUST STREET
    OWENSBORO,KY42301     		NONE PC GENERAL 2,000
    OWENSBORO BOARD OF EDUCATION
    450 GRIFFITH AVE
    OWENSBORO,KY42301     		NONE PC GENERAL 500
    DAVIESS COUNTY BOARD OF EDUCATION
    1622 SOUTHEASTERN PARKWAY
    OWENSBORO,KY42303     		NONE PC GENERAL 2,500
    MCLEAN COUNTY BOARD OF EDUCATION
    410 KY-136 EAST
    CALHOUN,KY42327     		NONE PC GENERAL 1,000
    SEE ATTACHED SCHEDULE
    P O BOX 2907
    WILSON,NC27894     		NONE I SCHOLARSHIPS 779,000
    Total .................................bullet 3a 785,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 3,747  
    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 ............     		    18 909,120  
    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) ..   1,293,247  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,293,247
    (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:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,200     1,200

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Name of Bond End of Year Book Value End of Year Fair Market Value
    3130AFFX0 FED HOME LOAN BANK D    
    3134G0J20 FED NATL MTG ASSN DT    
    3135G0K36 FEDERAL NATIONAL MOR 57,956 62,219
    3135G0ZR7 FEDERAL NATIONAL MOR 125,935 130,761
    3137EADB2 FEDERAL HOME LOAN MO 57,011 57,037
    9128282A7 UNITED STATES TREASU 69,818 67,759
    9128286T2 US TREASURY NOTE DTD    
    912828B66 UNITED STATES TREASU 92,533 93,737
    912828N30 UNITED STATES TREASU 206,218 207,386
    912828V72 UNITED STATES TREASU 60,026 60,083
    912828VS6 UNITED STATES TREASU 143,736 144,189
    912828XG0 UNITED STATES TREASU 173,322 173,600
    912828ZQ6 US TREASURY DTD 5/15    
    91282CAE1 UNITED STATES TREASU    
    041431VG9 ARLINGTON CNTY VIRGI 151,060 148,136
    118565YT0 BUCKS CNTY PA TXBL D    
    167593S86 CHICAGO ILLINOIS O'H 60,000 60,078
    347622CW0 FORT LAUDERDALE FLOR 60,592 59,287
    442349EM4 HOUSTON TEXAS ARPT S 125,000 124,748
    3135G0T94 FEDERAL NATIONAL MOR 59,779 61,229
    64578ELN5 NEW JERSEY STATE ECO 76,007 80,257
    64971Q7G2 NEW YORK CITY NEW YO 85,129 86,844
    649907XX5 NEW YORK STATE DORM 101,301 107,956
    655867G45 NORFOLK VIRGINIA 62,232 60,408
    975680EX3 WINSTON SALEM NORTH 75,000 79,164
    02007RAC3 ALLY AUTO RECEIVABLE    
    05522RDB1 BANK OF AMERICA CREI    
    14041NFT3 CAPITAL ONE MULTI-A    
    34531KAD4 FORD CREDIT AUTO OWN    
    254683CM5 DISCOVER CARD SERIES    
    00206RJX1 AT&T INC 58,683 56,972
    00287YBF5 ABBVIE INC 56,915 63,324
    025537AJ0 AMERICAN ELECTRIC PO 59,085 62,279
    05526DBB0 BAT CAPITAL CORP 53,028 53,489
    06051GEU9 BANK OF AMERICA CORP 57,291 58,560
    126650CU2 CVS HEALTH CORP 57,259 58,485
    14040HBG9 CAPITAL ONE FINANCIA 56,295 57,630
    142339AG5 CARLISLE COS INC 50,052 52,733
    172967HT1 CITIGROUP INC 75,340 79,567
    191216CU2 THE COCA COLA CO DTD    
    20030NBJ9 COMCAST CORP DTD 02/    
    21036PBC1 CONSTELLATION BRANDS 57,237 63,227
    22822VAR2 CROWN CASTLE INTL CO 59,450 55,905
    26441CAL9 DUKE ENERGY CORP 55,338 57,416
    26884ABA0 ERP OPERATING LP 59,862 61,363
    29273RAQ2 ENERGY TRANSFER PART    
    313747BA4 FEDERAL REALTY INVT 58,815 58,619
    337738AT5 FISERV INC 60,079 63,439
    37045XCL8 GENERAL MOTORS FINL 61,642 61,362
    38141GXG4 GOLDMAN SACHS GROUP 59,207 56,938
    436106AA6 HOLLYFRONTIER CORP 14,609 15,701
    446150AM6 HUNTINGTON BANCSHARE 64,796 69,911
    46625HJH4 JPMORGAN CHASE & CO 60,342 61,627
    49326EEJ8 KEYCORP 58,355 61,431
    49446RAN9 KIMCO REALTY CORP DT    
    49456BAP6 KINDER MORGAN INC 58,146 57,782
    548661DM6 LOWE'S COS INC 58,868 57,251
    58933YAZ8 MERCK & CO INC 59,485 57,445
    6174468C6 MORGAN STANLEY 57,425 59,606
    670346AP0 NUCOR CORP 34,948 38,595
    67066GAF1 NVIDIA CORP 58,392 59,480
    68389XBK0 ORACLE CORP DTD 7/7/    
    74432QCC7 PRUDENTIAL FINANCIAL    
    7591EPAQ3 REGIONS FINANCIAL CO 59,817 61,174
    78355HKK4 RYDER SYSTEM INC 54,966 57,760
    824348AW6 SHERWIN-WILLIAMS CO 74,728 81,141
    913017CY3 UNITED TECHNOLOGIES 64,633 67,112
    92277GAN7 VENTAS REALTY LP 57,135 62,419
    927804FK5 VIRGINIA ELEC & POWE    
    949746SH5 WELLS FARGO & COMPAN 58,625 61,985
    36367WMQ3 BANK OF MONTREAL DTD    
    46132FAA8 INVESCO FINANCE PLC    
    822582CD2 SHELL INTERNATIONAL 59,576 61,283
    86562MAM2 SUMITOMO MITSUI FINL    
    89114QCA4 TORONTO-DOMINION BAN 59,281 61,198
    85917K744 STERLINGTON CAPITAL    
    118565YK0 BUCKS CNTY PENNSYLVA 75,000 75,281
    31620RAK1 FIDELITY NATL FINANC 58,841 57,898
    436106AC2 HOLLYFRONTIER CORP 12,901 12,924
    69121KAG9 OWL ROCK CAPITAL COR 59,939 58,895
    723787AT4 PIONEER NAT RES CO 60,101 58,260
    74460DAH2 PUBLIC STORAGE 55,974 55,803
    78016EYH4 ROYAL BANK CANADA 57,933 58,270
    808513BV6 CHARLES SCHWAB CORP 60,014 58,600
    9128284V9 UNITED STATES TREASU 58,961 58,974
    91282CAG6 UNITED STATES TREASU 85,041 84,927
    91282CCB5 UNITED STATES TREASU 174,992 174,178
    92343VGG3 VERIZON COMMUNICATIO 40,998 40,792

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Name of Stock End of Year Book Value End of Year Fair Market Value
    00206R102 AT&T INC COMMON    
    00287Y109 ABBVIE INC 57,346 115,225
    02079K305 ALPHABET INC CL A 86,682 214,381
    023135106 AMAZON.COM INC 50,001 216,732
    037833100 APPLE INC 14,023 205,981
    052769106 AUTODESK INC 54,359 138,345
    097023105 BOEING CO 82,522 106,700
    166764100 CHEVRON CORP 111,016 111,248
    17275R102 CISCO SYSTEMS INC 48,470 116,411
    191216100 COCA COLA CO 73,610 96,394
    22822V101 CROWN CASTLE INTL CO    
    244199105 DEERE & CO 43,029 107,325
    25746U109 DOMINION ENERGY INC    
    26441C204 DUKE ENERGY CORP 74,605 95,879
    302130109 EXPEDITORS INTL WASH 49,743 92,526
    30231G102 EXXON MOBIL CORP COM    
    30303M102 META PLATFORMS INC C 70,751 199,792
    45167R104 IDEX CORP COMMON    
    594918104 MICROSOFT CORP 24,978 177,577
    61174X109 MONSTER BEVERAGE COR 53,482 101,994
    67066G104 NVIDIA CORP 77,994 295,286
    68389X105 ORACLE CORPORATION 76,310 148,083
    717081103 PFIZER INC 85,932 143,964
    718172109 PHILIP MORRIS INTL I 124,539 123,785
    742718109 PROCTER & GAMBLE CO 65,790 110,580
    747525103 QUALCOMM INC 35,354 96,555
    75886F107 REGENERON PHARMACEUT 91,318 102,306
    79466L302 SALESFORCE COM INC 83,786 121,728
    842587107 SOUTHERN CO COMMON    
    855244109 STARBUCKS CORP 48,758 75,680
    911312106 UNITED PARCEL SERVIC 79,288 150,681
    92343V104 VERIZON COMMUNICATIO 79,831 86,150
    92556V106 VIATRIS INC COM    
    92826C839 VISA INC CL A 58,243 161,449
    01609W102 ALIBABA GROUP HOLDIN 57,134 71,155
    05534B760 BCE INC 84,205 96,534
    055622104 BP P.L.C. SPONS ADR    
    110448107 BRITISH AMERICAN TOB    
    136069101 CDN IMPERIAL BK OF C 108,711 137,308
    29250N105 ENBRIDGE INC    
    37733W105 GLAXOSMITHKLINE PLC    
    636274409 NATIONAL GRID GROUP-    
    771195104 ROCHE HOLDING LTD SP 73,318 86,064
    904767704 UNILEVER PLC-SPONSOR    
    009158106 AIR PRODUCTS & CHEMI 121,174 126,572
    053015103 AUTOMATIC DATA PROCE 89,493 103,564
    09247X101 BLACKROCK INC 121,217 124,516
    11135F101 BROADCOM INC 123,631 169,014
    254687106 DISNEY WALT CO NEW 94,052 81,937
    437076102 HOME DEPOT INC 123,968 154,384
    46625H100 JP MORGAN CHASE & CO 162,554 164,684
    532457108 LILLY ELI & CO 86,393 90,876
    58933Y105 MERCK & CO INC 122,180 124,693
    609207105 MONDELEZ INTERNATION 115,289 123,204
    65339F101 NEXTERA ENERGY INC 127,935 147,789
    704326107 PAYCHEX INC 91,409 108,654
    713448108 PEPSICO INC 115,953 130,456
    882508104 TEXAS INSTRUMENTS IN 166,714 162,838
    G5960L103 MEDTRONIC PLC 91,212 73,760

    TY 2021 InvestmentsOtherSchedule2
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    464287168 ISHARES DJ SELECT DI AT COST 313,918 396,456
    464287234 ISHARES MSCI EMERGIN      
    464287465 ISHARES MSCI EAFE ET AT COST 355,748 438,169
    464287473 ISHARES RUSSELL MIDC      
    464287499 ISHARES RUSSELL MIDC AT COST 63,071 128,167
    464287598 ISHARES RUSSELL 1000 AT COST 136,046 259,788
    464287606 ISHARES S&P MIDCAP 4 AT COST 166,855 258,849
    464287614 ISHARES RUSSELL 1000 AT COST 346,491 669,242
    464287630 ISHARES RUSSELL 2000 AT COST 77,440 140,810
    464287648 ISHARES RUSSELL 2000 AT COST 85,052 132,166
    464287705 ISHARES S&P MIDCAP 4 AT COST 402,866 593,466
    464288273 ISHARES MSCI EAFE SM AT COST 160,889 239,297
    464288877 ISHARES MSCI EAFE VA AT COST 324,956 324,512
    464288885 ISHARES TR MSCI EAFE AT COST 288,179 459,358
    46434G103 ISHARES CORE MSCI EM AT COST 232,335 321,508
    78462F103 SPDR S&P 500 ETF TRU AT COST 112,469 313,949
    78463X889 SPDR PORTFOLIO DEVEL AT COST 327,100 425,685
    78468R853 SPDR PORTFOLIO S&P 6 AT COST 91,849 166,828
    922042858 VANGUARD FTSE EMERGI AT COST 225,501 298,095
    02007RAC3 ALLY AUTO RECEIVABLE AT COST 34,646 34,844
    05522RDB1 BANK OF AMERICA CRED AT COST 69,983 70,569
    14041NFT3 CAPITAL ONE MULTI-AS AT COST 65,039 65,183
    22822V101 CROWN CASTLE INTERNA AT COST 81,627 120,026
    233203421 DFA EMERGING MARKETS AT COST 560,186 538,881
    254683CM5 DISCOVER CARD EXECUT AT COST 59,987 60,658
    34531KAD4 FORD CREDIT AUTO OWN AT COST 34,966 35,199
    46434V621 ISHARES CORE DIVIDEN AT COST 26,300 28,068
    85917K744 STERLING CAPITAL QUA AT COST 673,924 679,732
    922908553 VANGUARD REAL ESTATE AT COST 248,679 269,259
    922908769 VANGUARD TOTAL STOCK AT COST 248,687 262,445

    TY 2021 LegalFeesSchedule
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 20,132     20,132
    LEGAL FEES - INCOME (ALLOCABLE 8,720     8,720


    TY 2021 OtherDecreasesSchedule
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Description Amount
    INCOME ADJUSTMENT 2
    2021 TRANSACTIONS POSTED IN 2022 4,494
    ACCRUED INTEREST PAID 469


    TY 2021 OtherExpensesSchedule
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 305 305   0


    TY 2021 OtherIncreasesSchedule
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Description Amount
    RECOVERIES FROM PRIOR DISTRIBUTIONS 66,967
    2020 TRANSACTIONS POSTED IN 2021 2,697
    AI POSTING DATE BEFORE TAX YEAR 542
    AMORTIZATION ADJUSTMENT 88
    RECLAIMED FUNDS 65
    ROUNDING 73


    TY 2021 TaxesSchedule
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 306 306   0
    FEDERAL ESTIMATES - PRINCIPAL 2,997 0   0
    FOREIGN TAXES ON QUALIFIED FOR 2,952 2,952   0
    FOREIGN TAXES ON NONQUALIFIED 1,359 1,359   0