TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2021

Open to Public Inspection

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

Name of foundation
THE JERRY E BAKER FOUNDATION INC
C/O KEITH CARWELL

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 770
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BOWLING GREEN, KY421020770

A Employer identification number

61-1202660

B Telephone number (see instructions)

(270) 846-2397

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$35,698,540J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	3,429
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	466,161		466,161
5a	Gross rents............	236,843		236,843
b	Net rental income or (loss) 224,148
6a	Net gain or (loss) from sale of assets not on line 10		9,080,020
b	Gross sales price for all assets on line 6a 27,501,852
7	Capital gain net income (from Part IV, line 2)...			9,080,020
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).......		107,732	6,712
12	Total. Add lines 1 through 11........	9,894,185		9,789,736
13	Compensation of officers, directors, trustees, etc.	276,247				276,247
14	Other employee salaries and wages......	291,697				291,697
15	Pension plans, employee benefits.......	63,961				63,961
16a	Legal fees (attach schedule).........		15			15
b	Accounting fees (attach schedule).......		32,168			32,168
c	Other professional fees (attach schedule)....		137,334	137,334
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		16,523			16,523
19	Depreciation (attach schedule) and depletion...		182,186		182,186
20	Occupancy..............
21	Travel, conferences, and meetings.......	912				912
22	Printing and publications..........
23	Other expenses (attach schedule).......		263,110	12,695		250,415
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,264,153		150,029	182,186	931,938
25	Contributions, gifts, grants paid.......	678,326				678,326
26	Total expenses and disbursements. Add lines 24 and 25	1,942,479		150,029	182,186	1,610,264
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	7,951,706
b	Net investment income (if negative, enter -0-)			9,639,707
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	54,366	604,831	604,831
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	8,800	17,591
	10a	Investments—U.S. and state government obligations (attach schedule)	739,263	307,558	309,554
	b	Investments—corporate stock (attach schedule).......	9,520,985	23,294,223	26,457,145
	c	Investments—corporate bonds (attach schedule).......	5,567,131	2,432,016	2,475,766
	11	Investments—land, buildings, and equipment: basis 1,851,956
		Less: accumulated depreciation (attach schedule) 148,960	1,718,756	1,702,996	1,702,996
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,173,123	250,000	251,066
	14	Land, buildings, and equipment: basis 5,941,346
		Less: accumulated depreciation (attach schedule) 2,051,419	3,950,160	3,889,927	3,889,927
	15	Other assets (describe )	6,005	7,255	7,255
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	24,738,589	32,506,397	35,698,540
	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 )	274,308	90,410
	23	Total liabilities (add lines 17 through 22).........	274,308	90,410
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	24,464,281	32,415,987
	29	Total net assets or fund balances (see instructions).....	24,464,281	32,415,987
	30	Total liabilities and net assets/fund balances (see instructions).	24,738,589	32,506,397

Part III

Analysis of Changes in Net Assets or Fund Balances

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

24,464,281

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

7,951,706

Other increases not included in line 2 (itemize) bullet

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

32,415,987

Decreases not included in line 2 (itemize) bullet

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

32,415,987

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	BAIRD S/T COVERED SECURITIES	P
b	EXPEDITORS	P	2015-07-01	2021-07-20
c	TJX	P	2015-07-01	2021-07-20
d	VIRTUS EMERGING OPP FUND	P	2015-07-01	2021-07-20
e	OMNICOM GROUP	P	2002-06-24	2021-04-26
	BAIRD L/T COVERED SECURITIES	P	2015-07-01	2021-07-20
	FACEBOOK	P	2015-07-01	2021-07-20
	US BANCORP	P	2015-07-01	2021-07-20
	BERKSHIRE HATHAWAY	P	2008-10-27	2021-04-26
	PFIZER	P	1998-06-08	2021-04-26
	TJX COS	P	2007-01-19	2021-04-26
	FASTENAL	P	2015-07-01	2021-07-20
	UNION PACIFIC	P	2015-07-01	2021-07-20
	BERKSHIRE HATHAWAY	P	2008-10-27	2021-04-26
	PFIZER	P	1998-06-08	2021-04-26
	TJX COS	P	2007-01-19	2021-04-26
	GENERAL ELECTRIC	P	2015-07-01	2021-07-20
	WALT DISNEY	P	2015-07-01	2021-07-20
	WALT DISNEY	P	2008-12-12	2021-04-26
	UNAMORTIZED BOND PREMIUMS	P	2015-07-01	2021-07-20
	US BANCORP	P	2005-02-02	2021-04-26
	HOME DEPOT	P	2015-07-01	2021-07-20
	WELLS FARGO	P	2015-07-01	2021-07-20
	GENERAL ELECTRIC	P	1998-09-04	2021-04-26
	US BANCORP	P	2005-02-02	2021-04-26
	ISHARES	P	2015-07-01	2021-07-20
	AMERICAN EUROPACIFIC FUND	P	2015-07-01	2021-07-20
	GENERAL ELECTRIC	P	1998-09-04	2021-04-26
	VIATRIS INC.	P	2015-07-01	2021-01-25
	JOHNSON & JOHNSON	P	2015-07-01	2021-07-20
	ANDERSON COUNTY BOND	P	2015-07-01	2021-07-20
	HOME DEPOT	P	2003-01-07	2021-04-26
	VIATRIS INC.	P	2015-07-01	2021-01-25
	JP MORGAN	P	2015-07-01	2021-07-20
	CAMPBELLSVILLE BOND	P	2015-07-01	2021-07-20
	JOHNSON & JOHNSON	P	1997-08-18	2021-04-26
	MORGAN STANLEY COVERED SECURITIES	P	2015-07-01	2021-07-20
	MICROSOFT	P	2015-07-01	2021-07-20
	ROYCE TOTAL RETURN FUND	P	2015-07-01	2021-07-20
	JOHNSON & JOHNSON	P	1997-08-18	2021-04-26
	ALPHABET	P	2015-07-01	2021-07-20
	NORTHERN TRUST	P	2015-07-01	2021-07-20
	VIRTUS EMERGING OPP FUND	P	2015-07-01	2021-07-20
	JP MORGAN CHASE	P	1986-04-25	2021-04-26
	APPLE	P	2015-07-01	2021-07-20
	O'REILLY	P	2015-07-01	2021-07-20
	AMERICAN EUROPACIFIC FUND	P	2015-07-01	2021-07-20
	JP MORGAN CHASE	P	1986-04-25	2021-04-26
	BANK OF AMERICA	P	2015-07-01	2021-07-20
	OMNICOM GROUP	P	2015-07-01	2021-07-20
	BERKSHIRE HATHAWAY	P	2015-07-01	2021-07-20
	MICROSOFT	P	1998-06-08	2021-04-26
	BERKSHIRE HATHAWAY	P	2015-07-01	2021-07-20
	PFIZER	P	2015-07-01	2021-07-20
	DODGE & COX FUND	P	2015-07-01	2021-07-20
	MICROSOFT	P	1998-06-08	2021-04-26
	CARMAX	P	2015-07-01	2021-07-20
	PROGRESSIVE	P	2015-07-01	2021-07-20
	PROGRESSIVE CORP	P	2015-07-01	2021-07-20
	NORTHERN TRUST	P	2010-10-18	2021-04-26
	CISCO	P	2015-07-01	2021-07-20
	TE CONNECTIVITY	P	2015-07-01	2021-07-20
	ROYCE TOTAL RETURN FUND	P	2015-07-01	2021-07-20
	OMNICOM GROUP	P	2002-06-24	2021-04-26

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	841,910	824,711	17,199
b	403,543	156,849	246,694
c	577,612	270,486	307,126
d	190,975	150,887	40,088
e	13,077	4,289	8,788
	4,805,177	4,134,778	670,399
	528,114	324,456	203,658
	501,924	432,226	69,698
	15,007	3,979	11,028
	8,905	3,769	5,136
	12,435	1,299	11,136
	555,840	225,450	330,390
	361,748	176,524	185,224
	23,193	6,149	17,044
	9,946	3,232	6,714
	14,696	1,535	13,161
	285,367	345,585	-60,218
	1,098,709	649,893	448,816
	28,724	3,457	25,267
		2,203	-2,203
	2,553	1,340	1,213
	946,605	395,466	551,139
	119,051	106,592	12,459
	1,377	2,474	-1,097
	13,113	6,882	6,231
	288,767	175,711	113,056
	1,099,911	819,290	280,621
	7,651	13,742	-6,091
	494	208	286
	666,261	474,826	191,435
	10,899	10,238	661
	30,632	2,045	28,587
	3,999	1,682	2,317
	1,068,193	588,546	479,647
	10,752	10,354	398
	16,307	2,864	13,443
	2,742,649	2,274,869	467,780
	1,232,850	244,123	988,727
	204,736	255,604	-50,868
	17,130	3,008	14,122
	773,235	281,818	491,417
	191,954	131,712	60,242
	255,218	205,816	49,402
	20,089	1,125	18,964
	547,350	108,918	438,432
	648,705	207,355	441,350
	788,482	570,850	217,632
	28,155	1,576	26,579
	343,366	258,143	85,223
	383,775	371,608	12,167
	100,000	101,624	-1,624
	46,010	2,173	43,837
	978,718	631,972	346,746
	504,749	375,951	128,798
	461,736	418,552	43,184
	35,292	1,666	33,626
	579,663	253,159	326,504
	877,265	543,817	333,448
	100,000	101,375	-1,375
	7,404	3,342	4,062
	151,042	102,861	48,181
	520,809	257,759	263,050
	306,756	371,238	-64,482
	6,254	2,051	4,203

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			17,199
b			246,694
c			307,126
d			40,088
e			8,788
			670,399
			203,658
			69,698
			11,028
			5,136
			11,136
			330,390
			185,224
			17,044
			6,714
			13,161
			-60,218
			448,816
			25,267
			-2,203
			1,213
			551,139
			12,459
			-1,097
			6,231
			113,056
			280,621
			-6,091
			286
			191,435
			661
			28,587
			2,317
			479,647
			398
			13,443
			467,780
			988,727
			-50,868
			14,122
			491,417
			60,242
			49,402
			18,964
			438,432
			441,350
			217,632
			26,579
			85,223
			12,167
			-1,624
			43,837
			346,746
			128,798
			43,184
			33,626
			326,504
			333,448
			-1,375
			4,062
			48,181
			263,050
			-64,482
			4,203

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	9,080,020
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	17,199

Form 990-PF (2021)

Page 4

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	133,992
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	133,992
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	17,591
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	6,500
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	24,091
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	32
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	109,933
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax	Refunded	11

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

WWW.JERRYBAKERFOUNDATION.ORG

The books are in care of bullet

J ROBERT HILLIARD Telephone no. bullet

(270) 846-2397

Located at bullet

PO BOX 1BOWLING GREENKY ZIP+4 bullet

42102

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

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

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

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

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

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

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
J ROBERT HILLIARD	PRESIDENT 10.00	142,152
PO BOX 1 BOWLING GREEN,KY42102	PRESIDENT 10.00	142,152
WILLIAM M DOERR	TREASURER 1.00	0
CHAMPION COURT ELIZABETHTOWN,KY42701	TREASURER 1.00	0
KEITH CARWELL	SECRETARY 10.00	134,095
PO BOX 770 BOWLING GREEN,KY42102	SECRETARY 10.00	134,095
TIM EDELEN	BOARD MEMBER 1.00	0
1509 DRAKES RIDGE LANE BOWLING GREEN,KY42103	BOARD MEMBER 1.00	0

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


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









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

Form 990-PF (2021)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

28,094,401

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

324,387

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

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

28,418,788

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

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

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

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

28,418,788

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

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

426,282

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

27,992,506

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

1,399,625

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

1,399,625

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

133,992

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

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

133,992

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

1,265,633

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

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

1,265,633

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

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

1,265,633

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			1,265,633
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......	515,490
b From 2017......	392,764
c From 2018......	509,107
d From 2019......	321,956
e From 2020......	390,368
f Total of lines 3a through e ........		2,129,685
4Qualifying distributions for 2021 from Part
XI, line 4: $ 1,610,264
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....			1,265,633
e Remaining amount distributed out of corpus		344,631
5 Excess distributions carryover applied to 2021.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		2,474,316
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........			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) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		515,490
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		1,958,826
10 Analysis of line 9:
a Excess from 2017....	392,764
b Excess from 2018....	509,107
c Excess from 2019....	321,956
d Excess from 2020....	390,368
e Excess from 2021....	344,631

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

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

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

Check here bullet

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

J ROBERT HILLIARD
449 VILLAGE WAY
BOWLING GREEN,KY42103
(270) 842-2828

bThe form in which applications should be submitted and information and materials they should include:

WRITTEN REQUEST STATING HOW ANY CONTRIBUTIONS FROM THE FOUNDATION WILL BE USED.

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
OPERATION PRIDE OPERATION PRIDE 1141 STATE STREET BOWLING GREEN,KY42101			CHARITABLE PURPOSE	5,000
MED CENTER HEALTH FOUNDATION MED CENTER HEALTH FOUNDATION 800 PARK STREET BOWLING GREEN,KY42101			CHARITABLE PURPOSE	25,000
THE COMMUNITY FOUNDATION OF SOKY THE COMMUNITY FOUNDATION OF SOKY 810 COLLEGE STREET BOWLING GREEN,KY42101			CHARITABLE PURPOSE	2,500
HISTORIC RAILPARK HISTORIC RAILPARK 401 KENTUCKY STREET BOWLING GREEN,KY42101			CHARITABLE PURPOSE	100
BOYS AND GIRLS CLUB BOYS AND GIRLS CLUB 260 SCOTT WAY BOWLING GREEN,KY42101			CHARITABLE PURPOSE	20,000
AVIATION HERITAGE PARK AVIATION HERITAGE PARK 1825 THREE SPRINGS ROAD BOWLING GREEN,KY42104			CHARITABLE PURPOSE	2,000
THE WORLD'S GREATEST STUDIO THE WORLD'S GREATEST STUDIO PO BOX 10302 BOWLING GREEN,KY42101			CHARITABLE PURPOSE	500
VETTE CITY ROLLER DERBY VETTE CITY ROLLER DERBY 1300 PEACHTREE LANE BOWLING GREEN,KY42103			CHARITABLE PURPOSE	250
BOWLING GREEN HUMANE SOCIETY BOWLING GREEN HUMANE SOCIETY 1925 RIVER STREET BOWLING GREEN,KY42101			CHARITABLE PURPOSE	3,000
FRIENDS OF MAMMOTH CAVE FRIENDS OF MAMMOTH CAVE PO BOX 2 MAMMOTH CAVE,KY42259			CHARITABLE PURPOSE	3,000
WKU FOUNDATION WKU FOUNDATION 292 ALUMNI AVENUE BOWLING GREEN,KY42101			CHARITABLE PURPOSE	616,976
Total ................................. 3a				678,326

bApproved for future payment

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

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	224,148
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			14	9,080,020
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aPPP LOAN FORGIVENESS			1	97,700
bMISCELLANEOUS INCOME			1	3,320
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				9,878,061

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

9,878,061

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
3	EARNINGS AID IN DEFRAYING EXPENSES INCURRED IN
3	OUR EXEMPT PURPOSE
4	EARNINGS AID IN DEFRAYING EXPENSES INCURRED IN
4	OUR EXEMPT PURPOSE
5B	EARNINGS AID IN DEFRAYING EXPENSES INCURRED IN
5B	OUR EXEMPT PURPOSE
11B	FORGIVENESS OF PPP LOAN DEEMED NONTAXABLE
11C	EARNINGS AID IN DEFRAYING EXPENSES INCURRED IN
11C	OUR EXEMPT PURPOSE

Form 990-PF (2021)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BOOKKEEPING	32,168			32,168

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2021 DepreciationSchedule

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Adjusted Net Income
LANDSCAPING EQUIPMENT	2007-10-01	12,844	12,844	200DB	7.0000
LANDSCAPING EQUIPMENT	2009-03-04	10,500	10,500	200DB	7.0000
LANDSCAPING EQUIPMENT	2009-10-09	2,190	2,190	200DB	7.0000
FURNITURE	2010-01-15	1,800	1,800	200DB	7.0000
FURNITURE	2010-04-21	9,837	9,837	200DB	7.0000
AIR CONDITIONER	2010-07-09	7,200	7,200	200DB	7.0000
OUTSIDE EQUIPMENT	2010-09-21	2,741	2,741	200DB	5.0000
VEHICLES	2008-10-01	27,953	27,953	200DB	5.0000
MAINTENANCE BUILDING	2008-01-01	106,099	44,391	S/L	31.0000	3,423	3,423
DOCUMENTARY	2011-01-01	16,500	16,500	200DB	5.0000
IPHONE	2011-07-14	317	317	200DB	7.0000
LAND IMPROVEMENTS	2011-01-01	1,152,490	778,196	150DB	15.0000	68,053	68,053
LAND IMPROVEMENTS	2011-11-08	53,093	35,850	150DB	15.0000	3,135	3,135
MUSEUM	2011-01-01	1,771,240	452,268	S/L	39.0000	45,416	45,416
ART WORK	2011-01-01	999,002
ART WORK	2012-12-31	13,890
CAMERA SYSTEM	2012-02-03	12,828	11,567	200DB	10.0000	841	841
IP PHONE & SECURITY SYSTEM	2012-02-08	6,040	5,447	200DB	10.0000	395	395
PRIVACY WALL	2012-11-07	10,820	6,667	150DB	15.0000	639	639
DRIVE WAY	2012-07-09	24,480	15,084	150DB	15.0000	1,446	1,446
KUBOTA	2012-10-02	13,400	13,400	200DB	7.0000
NEW COMPUTER	2012-10-01	1,957	1,957	200DB	5.0000
MOWER	2013-07-10	5,291	5,291	200DB	5.0000
TRACTOR W/LOADER & CUTTERS	2013-08-19	48,400	48,400	200DB	5.0000
FURNITURE	2013-01-09	3,425	3,425	200DB	5.0000
2010 CHEVY P/U WHITE	2013-03-31	15,959	15,959	200DB	5.0000
CABINET	2013-02-08	1,800	1,800	200DB	7.0000
ART WORK	2013-11-15	1,175
100 ACRES	2013-08-13	600,000
CLASSROOM	2013-08-13	25,000	4,727	S/L	39.0000	641	641
LAND IMPROVEMENTS	2013-12-01	225,439	173,024	150DB	15.0000	6,989	6,989
LAND IMPROVEMENTS	2013-12-01	36,311	27,869	150DB	15.0000	1,126	1,126
VACUUM CLEANER	2014-03-28	866	866	200DB	5.0000
ART WORK	2014-12-31	6,288
SCANNER	2014-05-02	983	983	200DB	5.0000
'14 CHUBBS 10' TRAILER	2014-06-11	4,250	4,250	200DB	5.0000
FILING CABINET	2014-07-16	897	877	200DB	7.0000	20	20
LAWNMOWER	2014-09-10	5,619	5,619	200DB	5.0000
KUBOTA MOTOR	2014-09-23	4,919	4,919	200DB	5.0000
LAND IMPROVEMENTS	2014-12-31	145,935
CLASSROOM IMPROVEMENTS	2015-11-06	1,500	195	S/L	39.0000	38	38
ART WORK & ART RESTORATION	2015-12-31	13,684
LANDSCAPING	2015-12-31	9,230	6,642	150DB	15.0000	272	272
SHELVING	2015-01-28	9,771	9,117	200DB	7.0000	436	436
BOBCAT TRACK LOADER	2015-04-22	55,767	55,767	200DB	5.0000
GREENHOUSES	2016-10-31	38,876	4,196	S/L	39.0000	997	997
CLASSROOM HEATING UNIT	2016-02-03	2,500	2,267	200DB	7.0000	93	93
GREENHOUSE TABLES	2016-11-07	3,985	3,485	200DB	7.0000	200	200
ARTWORK	2016-12-31	8,285
PARKING LOT	2017-03-08	25,946	16,961	150DB	15.0000	899	899
ART WORK	2017-12-31	1,475
KUBOTA	2018-07-06	15,200	7,600	200DB	5.0000	3,040	3,040
8 CAMERA SECURITY SYS	2018-07-23	5,180	1,252	S/L	10.0000	518	518
PATIO FURNITURE	2018-06-11	2,808	726	S/L	10.0000	281	281
CONCRETE PADS-COMPOST MACHINE	2018-05-11	10,730	1,907	S/L	15.0000	715	715
IRRIGATION FOR MUSEUM AREA	2018-04-25	2,000	355	S/L	15.0000	133	133
HVAC FOR MUSEUM	2019-09-18	8,213	264	S/L	39.0000	211	211
JERRY'S PORTRAIT-DEPOSIT	2019-03-29	1,500
PUBLIC BATHROOM	2020-11-13	143,941	615	S/L	39.0000	3,691	3,691
STORAGE SHED	2020-11-06	39,379	438	S/L	15.0000	2,625	2,625
COMPOST MACHINE	2020-03-27	4,105	616	S/L	5.0000	821	821
SIDEWALK	2020-07-10	5,900	197	S/L	15.0000	393	393
CONCRETE PAD AND LIGHT POLE	2020-11-06	6,864	76	S/L	15.0000	458	458
SECURITY SYSTEM	2020-09-23	4,776	239	S/L	5.0000	955	955
GOLF CART	2020-01-15	8,000	1,600	S/L	5.0000	1,600	1,600
UN-LOCKED POTENTIAL ARTWORK	2021-11-23	2,500
KITCHEN REMODEL	2021-09-29	83,633		S/L	39.0000	625	625
DOCUMENTARY	2021-06-30	6,100		200DB	5.0000	6,100	6,100
LAWNMOWER GRASSHOPPER	2021-10-01	13,430		200DB	5.0000	13,430	13,430
FURNISHINGS	2021-07-21	11,475		200DB	7.0000	11,475	11,475
MUSEUM IMPROVEMENTS	2021-07-01	4,795		S/L	39.0000	56	56

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2021 GainLossSaleOtherAssetsSch

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
LAND	2007-10	PURCHASE	2021-06		3,750	3,750

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORPORATE BONDS	2,432,016	2,475,766

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Name of Stock	End of Year Book Value	End of Year Fair Market Value
STOCKS	23,294,223	26,457,145

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

US Government Securities - End of Year Book Value:

307,558

US Government Securities - End of Year Fair Market Value:

309,554

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

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

- TIN:

TY 2021 InvestmentsLandSchedule2

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
	1,851,956	148,960	1,702,996	1,702,996

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
OTHER INVESTMENTS	AT COST	250,000	251,066
OTHER INVESTMENTS

- TIN:

TY 2021 LandEtcSchedule2

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
	5,195,411	2,051,419	3,143,992	3,889,927

- TIN:

TY 2021 LegalFeesSchedule

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT LEGAL FEES	15			15

- TIN:

TY 2021 OtherAssetsSchedule

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
UTILITY DEPOSITS	6,005	6,005	6,005
SURVEY		1,250	1,250
TRANSFERS

- TIN:

TY 2021 OtherExpensesSchedule

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
COMMERICAL BUILDING
INVESTMENT DEPRECIATION	8,805	8,805
453 RIGELWOOD - RESIDENTIAL
RENTAL EXPENSES	685	685
INVESTMENT DEPRECIATION	3,205	3,205
EXPENSES
LANDSCAPE UPKEEP	36,783		36,783
DUES & SUBSCRIPTIONS	5,128		5,128
MISCELLANEOUS	2,001		2,001
INSURANCE	40,007		40,007
SUPPLIES	39,033		39,033
CONTRACT LABOR	40,800		40,800
UTILITIES	38,728		38,728
OFFICE EXPENSE	3,144		3,144
REPAIRS & MAINTENANCE	20,751		20,751
SEMINARS & TRAINING	2,941		2,941
ADVERTISING	4,951		4,951
BANK FEES	935		935
MEALS AND ENTERTAINMENT	14,913		14,913
MUSEUM EXPENSES	300		300

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Description	Revenue And Expenses Per Books	Net Investment Income
BLACKSTONE	6,712	6,712
PPP LOAN FORGIVENESS	97,700
MISCELLANEOUS INCOME	3,320

- TIN:

TY 2021 OtherLiabilitiesSchedule

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Description	Beginning of Year - Book Value	End of Year - Book Value
REMEDIATION FUNDS	175,678	89,718
DEPOSITS	430	430
ADVANCE RENT	500	262
PPP LOAN	97,700

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BAIRD FEES	26,267	26,267
MORGAN STANLEY FEES	111,067	111,067

- TIN:

TY 2021 TaxesSchedule

Name:

THE JERRY E BAKER FOUNDATION INC

C/O KEITH CARWELL

EIN:

61-1202660

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT TAXES/LICENSES	16,523			16,523