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 07-01-2021 , and ending 06-30-2022
Name of foundation
THE STELIO AND BETTY TRACY CORTE
CHARITABLE FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)FIRST COMMUNITY BANK INC PO BOX
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLUEFIELD, WV24701
A Employer identification number

55-6119269
B Telephone number (see instructions)

(304) 325-7151
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$4,352,268J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 106,665 106,665  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 87,024
b Gross sales price for all assets on line 6a 345,458
7 Capital gain net income (from Part IV, line 2)... 167,258
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 5,793 0  
12 Total. Add lines 1 through 11........ 199,482 273,923  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 5,738 5,738   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,200 5,200   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,238 48   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,619 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,795 10,986   0
25 Contributions, gifts, grants paid....... 218,557 218,557
26 Total expenses and disbursements. Add lines 24 and 25 237,352 10,986   218,557
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -37,870
b Net investment income (if negative, enter -0-) 262,937
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 39,716 -437 -437
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 431,812 Click to see attachment458,395 434,220
b Investments—corporate stock (attach schedule)....... 891,073 Click to see attachment799,028 2,550,856
c Investments—corporate bonds (attach schedule)....... 868,350 Click to see attachment924,505 908,778
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 437,621 Click to see attachment447,731 457,371
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment1,480 Click to see attachment1,480
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,668,572 2,630,702 4,352,268
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 2,668,572 2,630,702
29 Total net assets or fund balances (see instructions)..... 2,668,572 2,630,702
30 Total liabilities and net assets/fund balances (see instructions). 2,668,572 2,630,702
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
2,668,572
2
Enter amount from Part I, line 27a .....................
2
-37,870
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,630,702
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,630,702
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 MICROSOFT CORP COM     2021-07-06
b WELLS FARGO CO NEW COM     2021-07-06
c BEAM INC 8.625%, 11/15/2021     2021-11-15
d FFCB 3.60%, 11/05/25     2021-11-05
e KYNDRYL HOLDINGS INC COMMON     2021-11-16
CARRIER GLOBAL CORP COMMON STOCK     2021-12-01
DUPONT DE NEMOURS INC COMMON     2021-12-01
INTERNATIONAL BUSINESS MACHINES     2021-12-01
ORACLE COPR COM     2021-12-01
RAYTHEON TECHNOLOGIES CORP COMMON     2021-12-01
SCHLUMBERGER LTD COM STK     2021-12-01
MICHIGAN BELL TELEPH CO DEB 7.875 DUE 1/15/22     2022-01-15
ATLANTIC RICHFIELD     2022-02-01
VANGUARD FIXED INCOME SECS F INTER TM TREAS     2022-03-29
WARNER BROS DISCOVERY INC SERIES A COMMON     2022-05-20
NEW JERSEY BELL TELEPH DEB 8.00 DUE 6/1/22     2022-06-01
CAPITAL GAINS 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 72,418   12,137 60,281
b 3,070   30,428 -27,358
c 20,000   288 19,712
d 40,000   39,999 1
e 402   607 -205
11,025   2,445 8,580
9,575   5,265 4,310
11,769   12,193 -424
36,571   6,567 30,004
16,075   8,155 7,920
11,600   13,935 -2,335
20,000   291 19,709
20,000   291 19,709
39,691   45,000 -5,309
4,324   310 4,014
20,000   289 19,711
8,938     8,938
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       60,281
b       -27,358
c       19,712
d       1
e       -205
      8,580
      4,310
      -424
      30,004
      7,920
      -2,335
      19,709
      19,709
      -5,309
      4,014
      19,711
      8,938
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 2 167,258
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 3,655
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 3,655
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,640
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,640
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,015
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVA
    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 addressbulletN/A
    14
    The books are in care ofbulletFIRST COMMUNITY BANK INC Telephone no.bullet (304) 325-7151

    Located atbullet211 FEDERAL STREETBLUEFIELDWV ZIP+4bullet24701
    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)
     
    No
    (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
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    FIRST COMMUNITY BANK NA TRUSTEE
    1.00     		5,738 0 0
    PO BOX 950
    BLUEFIELD,WV24701
    CATHERINE PAYNE SELECTION COMMITTEE MEMBER
    1.00     		0 0 0
    500 COUNTRY CLUB DRIVE
    BLUEFIELD,VA24605
    ELIZABETH PERRY SELECTION COMMITTEE MEMBER
    1.00     		0 0 0
    730 ATLANTIC ST
    MT PLEASANT,SC29464
    MILDRED RAYNOR SELECTION COMMITTEE MEMBER
    1.00     		0 0 0
    2116 FALLON OAKS COURT
    RALEIGH,NC27608
    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.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,714,023
    b
    Average of monthly cash balances.......................
    1b
    13,001
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,727,024
    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
    4,727,024
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    70,905
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    4,656,119
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    232,806
    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
    232,806
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    3,655
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    779
    c
    Add lines 2a and 2b............................
    2c
    4,434
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    228,372
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    228,372
    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
    228,372
    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 7 228,372
    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...... 36,678
    b From 2017...... 64,179
    c From 2018...... 99,687
    d From 2019...... 27,302
    e From 2020......  
    f Total of lines 3a through e ........ 227,846
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 218,557
    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..... 218,557
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 9,815 9,815
    (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 5 218,031
    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) ...     		26,863
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		191,168
    10 Analysis of line 9:
    a Excess from 2017.... 64,179
    b Excess from 2018.... 99,687
    c Excess from 2019.... 27,302
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CATHERINE PAYNE
    500 COUNTRY CLUB DRIVE
    BLUEFIELD,VA24605
    (276) 326-4233
    bThe form in which applications should be submitted and information and materials they should include:
    NONE EXCEPT SCHOLARSHIP APPLICATION
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AT LEAST ONE-HALF OF THE BENEFITS AWARDED EACH YEAR WILL BE PAID TO AGENCIES AND ORGANIZATIONS EXISTING OR OPERATING IN SOUTHERN WEST VIRGINIA AND/OR SOUTHWEST VIRGINIA.
    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
    ADAMS COUNTY HISTORICAL SOCIETY
    PO BOX 306
    WEST UNION,OH45693     		NONE PC CHARITABLE 65
    AMBER BOYD
    120 STAPLETON ST
    POUNDING MILL,VA24637     		NONE I SCHOLARSHIP 820
    AMERICAN CANCER SOCIETY
    1808 JEFFERSON ST
    BLUEFIELD,WV24701     		NONE PC CHARITABLE 100
    BALLARD CHRISTIAN SCHOOL
    1395 ADAIR RIDGE RD
    BALLARD,WV24918     		NONE PC EDUCATIONAL 100
    BENI KEDEM SHRINERS
    PO BOX 2589
    CHARLESTON,WV25329     		NONE PC CHARITABLE 200
    BETHLEHEM UNITED METHODIST CHURCH
    1891 BETHLEHEM RD
    REIDSVILLE,NC27320     		NONE PC RELIGIOUS 300
    BIBLE IN THE SCHOOLS
    PO BOX 543
    BLUEFIELD,WV24701     		NONE PC EDUCATIONAL 500
    BLAND COUNTY HISTORICAL SOCIETY
    PO BOX 416
    BLAND,VA24315     		NONE PC CHARITABLE 25
    BLAND MINISTRY
    PO BOX 211
    BLAND,VA24315     		NONE PC RELIGIOUS 500
    BLUE RIDGE JUNIOR GOLF TOUR
    PO BOX 1045
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 1,000
    BLUEFIELD BASEBALL CLUB
    PO BOX 356
    BLUEFIELD,WV24701     		NONE PC CHARITABLE 7,100
    BLUEFIELD BEAUTIFICATION
    200 ROGERS STREET
    BLUEFIELD,WV24701     		NONE PC CHARITABLE 95
    BLUEFIELD UNIVERSITY
    3000 COLLEGE AVE
    BLUEFIELD,VA24605     		NONE PC EDUCATIONAL 61,759
    BLUEFIELD PRIMARY SCHOOL
    673 CUMBERLAND RD
    BLUEFIELD,WV24701     		NONE PC EDUCATIONAL 300
    BLUEFIELD SHRINE CLUB
    PO BOX 53
    BLUEFIELD,WV24701     		NONE PC CHARITABLE 125
    BLUEFIELD STATE COLLEGE FOUNDATION
    219 ROCK STREET
    BLUEFIELD,WV24701     		NONE PC EDUCATIONAL 10,000
    BLUEFIELD UNION MISSION
    PO BOX 4056
    BLUEFIELD,WV24701     		NONE PC CHARITABLE 100
    BLUEFIELD VA LIBRARY
    108 HUFFARD DRIVE
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 3,000
    BLUEFIELD VA POLICE DEPT
    112 HUFFARD DRIVE
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 2,000
    BLUEFIELD YOUNG LIFE
    PO BOX 701
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 7,500
    BRYSON FANNING FOUNDATION
    257 ADONIS LANE
    PRINCETON,WV24739     		NONE PC CHARITABLE 500
    CARSON RICHARDSON
    3000 COLLEGE AVE
    BLUEFIELD,VA24605     		NONE I SCHOLARSHIP 500
    CHRIST SCHOOL
    500 CHRIST SCHOOL ROAD
    ARDEN,NC28704     		NONE PC EDUCATIONAL 30,125
    CHURCH OF THE CROSS
    PO BOX 9561
    COLUMBIA,SC29209     		NONE PC RELIGIOUS 100
    CONNER WHITE
    131 ORCHARD LOOP RD
    BLUEFIELD,VA24605     		NONE I SCHOLARSHIP 1,500
    COLONIAL DAMES
    PO BOX 175
    CHARLESTON,WV25321     		NONE PC CHARITABLE 225
    COMMUNITY CHRISTMAS TREE
    PO BOX 1559
    BLUEFIELD,WV24701     		NONE PC CHARITABLE 100
    COMMUNITY FOUNDATION
    PO BOX 4127
    BLUEFIELD,WV24701     		NONE PC CHARITABLE 100
    CRAB ORHCARD MUSEUM
    3663 CRAB ARCHARD ROAD
    TAZEWELL,VA24651     		NONE PC CHARITABLE 600
    CRAIK-PATTON HOUSE
    PO BOX 175
    CHARLESTON,WV25321     		NONE PC CHARITABLE 100
    DUDLEY ELEMENTARY FOOD PANTRY
    1840 TAZEWELL AVE
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 300
    EASTMINISTER PRESBYTERIAN CHURCH
    3200 TRENHOLM RD
    COLUMBIA,SC29204     		NONE PC RELIGIOUS 100
    EBENEZER METHODIST CHURCH
    38057 GOV GC PERRY HWY
    BLUEFIELD,VA24605     		NONE PC RELIGIOUS 100
    FIRST BAPTIST CHURCH
    1116 MERCER STREET
    PRINCETON,WV24740     		NONE PC RELIGIOUS 100
    FIRST METHODIST CHURCH
    200 S COLLEGE AVENUE
    BLUEFIELD,VA24605     		NONE PC RELIGIOUS 17,300
    FIRST METHODIST CHURCH MOREHEAD CITY
    900 AVENDELL ST
    MOREHEAD CITY,NC28512     		NONE PC RELIGIOUS 500
    GRAHAM COMMANDERY
    PO BOX 181
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 100
    GRAHAM HIGH SCHOOL FOOD PANTRY
    210 VALLEYDALE STREET
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 300
    GRAHAM INTERMEDIATE SCHOOL FOOD PANTRY
    808 GREEVER AVE
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 300
    GRAHAM MIDDLE SCHOOL FOOD PANTRY
    1 ACADEMIC CIRCLE
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 300
    HARMAN LODGE #22
    PO BOX 181
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 75
    THE HILL CENTER
    3200 PICKETT ROAD
    DURHAM,NC27705     		NONE PC CHARITABLE 2,500
    IMMANUEL BAPTIST CHURCH
    1000 NEW HOPE ROAD
    PRINCETON,WV24740     		NONE PC RELIGIOUS 100
    KATHRANIA ZAUSEH
    3000 COLLEGE AVE
    BLUEFIELD,VA24605     		NONE I SCHOLARSHIP 500
    TOWN OF KIMBALL WV
    PO BOX 97
    KIMBALL,WV24853     		NONE PC CHARITABLE 3,500
    LEGACY HOSPICE
    1963 2ND STREET
    RICHLANDS,VA24641     		NONE PC CHARITABLE 100
    LOW COUNTRY WARRIOR MOMS
    1673 CANYON OAKS DR
    CHARLESTON,SC29464     		NONE PC CHARITABLE 250
    NORTH CAROLINA OUTWARD BOUND SCHOOL
    2852 RICEVILLE RD
    ASHEVILLE,NC28805     		NONE PC EDUCATIONAL 100
    OPERATION HOME
    3973 RIVERS AVE STE 104
    N CHARLESTON,SC29405     		NONE PC CHARITABLE 1,250
    PATCHWORK QULTERS
    405 MOUNTAIN LANE
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 300
    PATRIOT FAMILY FOUNDATION
    129 FAST LANE STE 200
    MOORESVILLE,NC28117     		NONE PC CHARITABLE 100
    PROJECT MAIN STREET
    829 MARSH GROVE
    MT PLEASANT,SC29464     		NONE PC CHARITABLE 1,000
    SACRED HEART CATHOLIC CHURCH
    PO BOX 608
    BLUEFIELD,WV24701     		NONE PC RELIGIOUS 500
    SALEM ACADEMY
    601 S CHURCH STREET
    WINSTON SALEM,NC27101     		NONE PC EDUCATIONAL 1,000
    SANDERS HOUSE
    PO BOX 1422
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 5,100
    SHERELLE MORGAN
    1706 AUGUSTA ST
    BLUEFIELD,WV24701     		NONE I SCHOLARSHIP 993
    SOUTHWEST VA COMMUNITY COLLEGE - RICHLANDS VA
    PO BOX 1101
    RICHLANDS,VA24641     		NONE PC EDUCATIONAL 10,000
    SOUTH CAROLINA ALS
    130 GARDNERS CRICLE
    JOHNS ISLAND,SC29455     		NONE PC CHARITABLE 100
    ST JUDE CHILDRENS HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		NONE PC CHARITABLE 500
    ST PAULS METHODIST CHURCH
    1356 AMELIA ST
    ORANGEBERG,SC29115     		NONE PC RELIGIOUS 100
    ST PHILLIPS CHURCH
    146 CHURCH STREET
    CHARLESTON,SC29401     		NONE PC RELIGIOUS 1,000
    ST THOMAS EPISCOPAL CHURCH
    302 S QUEEN STREET
    WINDSOR,NC27983     		NONE PC RELIGIOUS 100
    TAVARES RABB
    811 VAN EXEM RD
    RIDGEWAY,SC29130     		NONE I SCHOLARSHIP 300
    TAZEWELL COUNTY ANIMAL SHELTER
    736 CAMP JOY RD
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 100
    TAZEWELL COUNTY HISTORICAL SOCIETY
    PO BOX 916
    TAZEWELL,VA24651     		NONE PC CHARITABLE 200
    TAZEWELL COUNTY SHERIFF NATL CHILD SAFETY
    140 SCHOOL STREET SUITE 3
    TAZEWELL,VA24651     		NONE PC CHARITABLE 110
    TISCH BRAIN TUMOR SOCIETY
    DUMC BOX 3624
    DURHAM,NC27710     		NONE PC CHARITABLE 100
    TOWN OF BLUEFIELD VA
    112 HUFFARD DRIVE
    BLUEFIELD,VA24605     		NONE PC CHARITABLE 29,140
    TRILOGY SCHOOL
    3810 MERTON DRIVE
    RALEIGH,NC27609     		NONE PC EDUCATIONAL 2,200
    TRINITY UNITED METHODIST CHURCH
    226 WEST LIBERTY ST
    SUMTER,SC29150     		NONE PC RELIGIOUS 100
    TROY MCDANIEL FUNERAL EXPENSES
    4801 JEFFERSON DAVIS
    FREDERICKSBURG,VA22408     		NONE I CHARITABLE 1,000
    USC
    1600 HAMPTON ST SUITE 736
    COLUMBIA,SC29208     		NONE PC EDUCATIONAL 1,000
    VIRGINIA EPISCOPAL SCHOOL (VES)
    400 VES ROAD
    LYNCHBURG,VA24503     		NONE PC EDUCATIONAL 1,200
    WADE CENTER
    1400 HIGHLAND AVE
    BLUEFIELD,WV24701     		NONE PC CHARITABLE 1,600
    WE CAN
    205 CENTER STREET
    PRINCETON,WV24740     		NONE PC CHARITABLE 2,000
    WESTMINSTER PRESBYTERIAN CHURCH
    2005 WASHINGTON STREET
    BLUEFIELD,WV24701     		NONE PC RELIGIOUS 300
    WHITE MEMORIAL PRESBYTERIAN CHURCH
    1704 OBERLIN ROAD
    RALEIGH,NC27608     		NONE PC RELIGIOUS 1,200
    Total .................................bullet 3a 218,557
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 87,024  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aHAWTHORNE ASSOCIATES RABINA REALTY INC. K-1     		531120 5,793      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 5,793 193,689 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    199,482
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE STELIO AND BETTY TRACY CORTE
     
    CHARITABLE FOUNDATION
    EIN:
    55-6119269
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROWN, EDWARDS & COMPANY PREPARATION OF FORM 990-PF 5,200 5,200   0

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE STELIO AND BETTY TRACY CORTE
     
    CHARITABLE FOUNDATION
    EIN:
    55-6119269
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AFLAC, INC. 3.25%, 3/17/25 45,044 44,371
    ALTRIA GROUP INC 4.00%, 1/31/24 60,023 60,165
    BOEING COMPANY DEB 8.625% 11/15/31 21,442 23,798
    BRISTOL-MYERS SQUIBB CO NTS 7.15% 6/15/23 23,295 25,922
    COCA COLA ENTERPRISES DEB 8.00% 9/15/22 20,081 20,217
    FEDERAL AGRI MTG CORP NOTES 1.63%, 10/30/2023 39,640 39,332
    FFCB .40% , 11/09/2023 39,947 38,700
    FFCB 2.125%, 12/05/22 14,925 14,998
    FFCB 2.68%, 7/26/28 10,015 9,738
    FFCB 2.80%, 11/25/25 19,919 19,829
    FFCB 2.875%, 12/21/22 34,911 35,068
    FFCB 3.02%, 3/3/23 70,006 70,224
    FHLB 2.23%, 1/30/30 50,256 45,121
    FNMA .60% 10/29/2025 40,042 36,922
    FNMA 1.625%, 10/15/24 24,900 24,249
    ISHARES 3-7 YR TREASURY BOND FD 100,097 89,505
    ISHARES BARCLAYS TIPS BOND FUND 103,361 91,242
    MNTN STATES TELEP & TELEG DEB 7.375 5/1/30 18,886 20,039
    PACIFIC BELL TELEPH CO BOND 7.125% 3/15/26 41,000 49,443
    SO CALIF EDISON CO 1.20% 2/1/26 35,310 31,350
    TEXACO CAPITAL INC DEB 8.00% 8/1/32 20,238 25,084
    UNITED PARCEL SERV OF AMERI 8.375% 4/1/30 20,940 24,037
    VISA INC 3.15%, 12/14/25 50,070 49,437
    WAL-MART INC 2.35%, 12/15/2022 20,157 19,987

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE STELIO AND BETTY TRACY CORTE
     
    CHARITABLE FOUNDATION
    EIN:
    55-6119269
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO COM 69 25,882
    ABBOTT LABS COM 12,360 43,460
    ABBVIE INC 13,401 61,264
    ACCENTURE PLC 4,007 27,765
    ALTRIA GROUP INC COM 26,758 55,763
    APPLE INC COM 19,492 133,986
    AT&T INC COM 992 20,960
    BERKSHIRE HATHAWAY INC NEW 23,388 81,906
    BRISTOL-MYERS SQUIBB CO COM 43,250 109,725
    CHEVRON CORP NEW COM 17,543 34,747
    CISCO SYSTEMS INC COM 35,289 38,376
    COCA COLA CO COM 4,256 50,328
    DANAHER CORPORATION COM 17,067 152,112
    DARDEN RESTAURANTS INC COM 15,319 45,248
    DEERE & CO COM 12,218 59,894
    DOMINION ENERGY INC 40,500 115,725
    DOW INC 2,931 6,554
    EMERSON ELEC CO COM 103 39,770
    EXXON MOBIL CORP COM 14,478 85,640
    FIRST COMMUNITY BANKSHARES INC COM 55,944 22,234
    FORTIVE CORP 4,526 16,314
    INTEL CORP COM 16,872 14,964
    ISHARES TR INDEX MSCI EAFE IDX 11,171 12,498
    ISHARES TRUST MSCI EMERGING 11,594 12,030
    JOHNSON & JOHNSON COM 30,175 115,382
    JP MORGAN CHASE & CO 42,255 76,012
    KRAFT HEINZ CO USD COMMON STOCK 4,886 6,331
    LOWES COS INC COM 7,227 52,401
    MASTERCARD INC CL A 27,330 217,681
    MCDONALDS CORP COM 22,920 123,440
    MERCK & CO NEW 14,614 36,468
    METLIFE INC COM 1,795 2,260
    MICROSOFT CORP COM 26,866 164,371
    MONDELEZ INT INC COMMON STOCK 9,075 31,045
    NIKE INC CL B 31,971 55,188
    NISOURCE INC COM 18,115 36,863
    OTIS WORLDWIDE CORP COMMON STOCK 3,665 7,067
    PEPSICO INC COM 4,495 49,998
    PFIZER INC COM 26,586 55,104
    PHILIP MORRIS INTL INC 19,035 39,496
    PROCTER & GAMBLE CO COM 29,999 109,280
    VERIZON COMMUNICATIONS 36,666 31,160
    WAL-MART STORES INC COM 37,825 74,164

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE STELIO AND BETTY TRACY CORTE
     
    CHARITABLE FOUNDATION
    EIN:
    55-6119269
    US Government Securities - End of Year Book Value:

    458,395
    US Government Securities - End of Year Fair Market Value:

    434,220
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE STELIO AND BETTY TRACY CORTE
     
    CHARITABLE FOUNDATION
    EIN:
    55-6119269
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    COHEN & STEERS RALTYS FD #1262 AT COST 29,592 27,159
    FIDELITY INTL INDEX FUND AT COST 30,909 29,968
    HAWTHORN ASSOCIATES, LP AT COST 311,111 250,000
    T ROWE PRICE MID-CAP GROWTH FUND #47 AT COST 17,640 41,316
    T ROWE PRICE MID-CAP VALUE FUND #77 AT COST 19,770 34,361
    VANGUARD 500 INDEX ADMIRAL AT COST 38,141 73,803
    VANGUARD/WELLINGTON FD INC AT COST 568 764

    TY 2021 OtherAssetsSchedule
    Name:
    THE STELIO AND BETTY TRACY CORTE
     
    CHARITABLE FOUNDATION
    EIN:
    55-6119269
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OTHER RECEIVABLE   1,480 1,480


    TY 2021 OtherExpensesSchedule
    Name:
    THE STELIO AND BETTY TRACY CORTE
     
    CHARITABLE FOUNDATION
    EIN:
    55-6119269
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND OTHER EXPENSES 6,555 0   0
    CHECK PRINTING CHARGE 64 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE STELIO AND BETTY TRACY CORTE
     
    CHARITABLE FOUNDATION
    EIN:
    55-6119269
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    HAWTHORNE ASSOCIATES RABINA REALTY INC. K-1 5,793   5,793


    TY 2021 TaxesSchedule
    Name:
    THE STELIO AND BETTY TRACY CORTE
     
    CHARITABLE FOUNDATION
    EIN:
    55-6119269
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHOLDING 48 48   0
    EXCISE TAXES, NET 1,190 0   0