Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THURSTON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)5307 WOODFIELD S DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CARMEL, IN46033
A Employer identification number

35-1754670
B Telephone number (see instructions)

(317) 373-1688
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$21,721,021J 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) 845,600
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 256,813 256,813  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 376,508
b Gross sales price for all assets on line 6a 4,225,970
7 Capital gain net income (from Part IV, line 2)... 376,508
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 -117,384 800  
12 Total. Add lines 1 through 11........ 1,361,537 634,121  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 43,060 0   43,060
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 295 0   295
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 17,850 0   17,850
c Other professional fees (attach schedule).... Click to see attachment 94,681 65,298   2,524
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 19,691 7,701   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 175,577 72,999   63,729
25 Contributions, gifts, grants paid....... 367,250 367,250
26 Total expenses and disbursements. Add lines 24 and 25 542,827 72,999   430,979
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 818,710
b Net investment income (if negative, enter -0-) 561,122
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 5,180,656 1,596,577 1,569,577
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) 25,002 0 0
b Investments—corporate stock (attach schedule)....... 3,588,455 Click to see attachment6,484,763 8,263,556
c Investments—corporate bonds (attach schedule)....... 3,419,999 Click to see attachment2,648,519 2,672,119
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,188,449 Click to see attachment8,443,265 9,166,594
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 attachment49,175 Click to see attachment49,175
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,402,561 19,222,299 21,721,021
Liabilities 17 Accounts payable and accrued expenses..........   276
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)......... 0 276
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 456,939 456,939
28 Retained earnings, accumulated income, endowment, or other funds 17,945,622 18,765,084
29 Total net assets or fund balances (see instructions)..... 18,402,561 19,222,023
30 Total liabilities and net assets/fund balances (see instructions). 18,402,561 19,222,299
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
18,402,561
2
Enter amount from Part I, line 27a .....................
2
818,710
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
752
4
Add lines 1, 2, and 3 ..........................
4
19,222,023
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
19,222,023
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 INTERNATIONAL SELECT INVESTMENTS -LT D    
b INTERNATIONAL SELECT INVESTMENTS -ST D    
c LT CAPITAL GAIN ACCT 9494     2021-12-31
d ST CAPITAL GAIN - ACCOUNT 9494     2021-12-31
e ST CAPITAL GAIN -ACCT 8191     2021-12-31
LT CAPITAL GAIN - ACCT 8191     2021-12-31
LT CAPITAL GAIN -ACCT 5681     2021-12-31
ST CAPITAL GAIN - ACCT 5681     2021-12-31
ST CAPITAL GAIN -ACCT 0008     2021-12-31
ST CAPITAL GAIN -ACCT 2003     2021-12-31
ST CAPITAL GAIN - ACCT 8001     2021-12-31
ST CAPITAL GAIN - ACCOUNT 6559     2021-12-31
LT CAPITAL GAIN - ACCT 6559     2021-12-31
ST CAPITAL GAIN - ACCOUNT 8000     2021-12-31
LT CAPITAL GAIN - ACCT 8000     2021-12-31
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 129,770     129,770
b 15,390     15,390
c 158,532   91,642 66,890
d 211,615   193,286 18,329
e 730,282   772,662 -42,380
161,028   92,920 68,108
605,750   600,841 4,909
341,264   340,689 575
357,977   366,297 -8,320
190,498   218,704 -28,206
395,770   401,518 -5,748
263,644   295,813 -32,169
236,084   175,247 60,837
319,627   299,843 19,784
59     59
108,680     108,680
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       129,770
b       15,390
c       66,890
d       18,329
e       -42,380
      68,108
      4,909
      575
      -8,320
      -28,206
      -5,748
      -32,169
      60,837
      19,784
      59
      108,680
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 2 376,508
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 7,800
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 7,800
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 4,040
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,040
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 240
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet240 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)
    bulletIN, VA
    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. Click to see attachment...............................
    10
    Yes
     
    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 ofbulletMARCIA THURSTON ROBERTS Telephone no.bullet (317) 257-9813

    Located atbullet5307 WOODFIELD S DRIVECARMELIN ZIP+4bullet46032
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    TIM THURSTON DIRECTOR
    1.00     		0 0 0
    902 N SHORE BLVD
    FRANKLIN,IN46131
    MARCIA THURSTON ROBERTS PRESIDENT
    10.00     		40,000 25,795 0
    5307 WOODFIELD S DRIVE
    CARMEL,IN46033
    JIM THURSTON DIRECTOR
    1.00     		0 0 0
    755 RACETIME ROAD
    WESTFIELD,IN46074
    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
    10,325,688
    b
    Average of monthly cash balances.......................
    1b
    1,943,211
    c
    Fair market value of all other assets (see instructions)................
    1c
    10,945,249
    d
    Total (add lines 1a, b, and c).........................
    1d
    23,214,148
    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
    23,214,148
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    348,212
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    22,865,936
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,143,297
    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
    1,143,297
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    7,800
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,800
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,135,497
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,135,497
    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
    1,135,497
    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 1,135,497
    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......  
    b From 2017...... 462,607
    c From 2018...... 69,530
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 532,137
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 430,979
    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..... 430,979
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 532,137 532,137
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		172,381
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    DAYSPRING CENTER INC
    PO BOX 44105
    INDIANAPOLIS,IN46244     		  PC CONTRIBUTION TO SUPPORT PROGRAMS THAT PROVIDE SERVICES TO INDIANAPOLIS' HOMELESS CHILDREN AND FAMILIES 6,000
    GENNESARET FREE CLINIC
    615 N ALABAMA STREET SUITE 136
    INDIANAPOLIS,IN46204     		  PC CONTRIBUTION TO SUPPORT THE MEDICATION REFILL PROGRAM- HOME DELIVERY IN A SAFE NO-CONTACT MANNER 5,500
    GLEANERS
    3737 WALDEMERE AVENUE
    INDIANAPOLIS,IN46241     		  PC CONTRIBUTION TO SUPPORT FUNDING OF PROGRAMS FOR HUNGER RELEIF IN INDIANA 40,000
    INDIANAPOLIS SYMPHONY ORCHESTRA
    32 EWASHINGTON STREET STE 600
    INDIANAPOLIS,IN46204     		  PC CONTRIBUTION IN SUPPORT OF THE METROPOLITAN YOUTH ORCHESTRA YOUTH AND FAMILY DEVELOPMENT PROGRAM 6,000
    JOHNSON COUNTY SENIOR SERVICES
    36 W 600 N
    WHITELAND,IN46184     		  PC CONTRIBUTION TO THEIR MISSION TO PROVIDE TRANSPORTATION, FREE DURABLE MEDICAL EQUIPMENT AND ESSENTIAL BASIC NEEDS TO SENIORS AND THOSE UNDER 60 WITH DISABILITIES 5,000
    JULIAN CENTER
    2011 NORTH MERIDIAN STREET
    INDIANAPOLIS,IN46202     		  PC CONTRIBUTION IN SUPPORT OF SURVIVORS OF DOMESTIC AND SEXUAL ASSAULT 10,000
    KIJANA EDUCATIONAL EMPOWERMENT INITIATIVE
    516 GULF RD
    NORTH PALM BEACH,FL33408     		  PC CONTRIBUTION TO THE MULTI-YEAR CAPITAL CAMPAIGN TO SUPPORT UNDERSERVED KENYAN SCHOOL COMMUNITIES 5,000
    OUTREACH
    2416 EAST NEW YORK STREET PO BOX
    11416
    INDIANAPOLIS,IN46201     		  PC CONTRIBUTION TO SUPPORT PROGRAMS AND SERVICES FOR THE HOMELESS YOUTH IN INDIANAPOLIS 12,000
    SECOND HELPINGS
    1121 SOUTHEASTERN AVENUE
    INDIANAPOLIS,IN46202     		  PC CONTRIBUTION TO SUPPORT EFFORTS FOR HUNGER RELIEF AND TRAINING FOR THE UNEMPLOYED FOR MEANINGFUL CAREERS IN THE CULINARY INDUSTRY 40,000
    SEED OF CARING
    325 PIEDMONT RD
    COLUMBUS,OH43214     		  PC CONTRIBUTION TO SUPPORT PROGRAMS TO ENGAGE YOUTH IN MEANINGFUL SERVICE, SOCIAL-ACTION AND COMMUNITY BUILDING EVENTS 5,000
    SERVANTS AT WORK
    8427 ZIONSVILLE ROAD
    INDIANAPOLIS,IN46268     		  PC CONTRIBUTION IN SUPPORT OF THEIR MISSION TO BUILD WHEELCHAIR RAMPS TO PERSONS WITH DISABILITIES AND WITH AGE RELATED CONDITIONS 40,000
    SHEPHERD COMMUNITY CENTER
    4107 E WASHINGTON STREET
    INDIANAPOLIS,IN46201     		  PC CONTRIBUTION IN SUPPORT OF PROGRAMS THAT BENEFIT THE DISADVANTAGED COMMUNITY - PROVIDING MEALS, COMPUTERS AND INTERNET ACCESS AND MEDICAL SUPPLIES SUCH AS FACEMASKS AND HAND SANITIZER 35,000
    THE OAKS ACADEMY INC
    1301 E 16TH ST
    INDIANAPOLIS,IN46202     		  PC CONTRIBUTION IN SUPPORT OF THEIR MISSION TO EDUCATE THEIR STUDENTS AND SUPPORT FAMILIES 21,000
    UMOJA PARTNERSHIP
    PO BOX 450574
    INDIANAPOLIS,IN46240     		  PC CONTRIBUTION IN SUPPORT FOR PROGRAMS PRVIDING SCHOOL LUNCH PROGRAM AND SUPPORTING FAMILIES IN CRISIS IN KENYA 3,000
    WESTFIELD YOUTH ASSISTANCE PROGRAM
    2728 EAST 171ST STREET
    WESTFIELD,IN46074     		  PC CONTRIBUTIO TO SUPPORT SPORTS AND YOUTH ACTIVITIES, SCHOOL CLOTHES AND SUPPLIES, COUNSELING, RECREATIONAL, ATHLETIC AND THREAPEUTIC CAMPS 5,000
    WESTMINSTER NEIGHBORHOOD SERVICESINC
    2325 E NEW YORK STREET PO BOX 11465
    INDIANAPOLIS,IN46201     		  PC CONTRIBUTION TO PROGRAMS PROVIDNG MEALS, FOOD PANTRY AND SUPPORT OF AT-RISK CHILDREN AND DISADVANTAGED FAMILIES 6,000
    WHEELER MISSION
    205 E NEW YORK ST
    INDIANAPOLIS,IN46204     		  PC CONTRIBUTIO TO SUPPORT PROGRAMS FOR HOMELESS SHELTERS AND HELPING THE NEEDY BY PROVIDING FOOD, SHELTER AND RECOVERY PROGRAMS 1,000
    TEMPLE HEALTH
    3500 N BROAD STREET SUITE 1101
    PHILADELPHIA,PA19140     		  PC CONTRIBUTION TO TRAUMA DEPARTMENT 1,500
    DOVE RECOVERY HOUSE FOR WOMEN
    3351 N MERIDIAN STREET SUITE 110
    INDIANAPOLIS,IN46033     		  PC CONTRIBUTION TO SUPPORT RECOVERY PROGRAMS 11,000
    FAMILY PROMISE OF GREATER INDIANAPOLIS
    1850 N ARSENAL AVENUE
    INDIANAPOLIS,IN46218     		  PC CONTRIBUTION TO NIGHTWITHOUTABED PROGRAM 5,000
    JOHNSON COUNTY PUBLIC LIBRARY FOUNDATION
    49 E MONROE STREET
    FRANKLIN,IN46131     		  PC CONTRIBUTION TOENHANCING THE STORY SPECIAL PROJECTS CAMPAIGN 15,000
    SPECIAL OLYMPICS INDIANA
    6200 TECHNOLOGY DRIVE SUITE 105
    INDIANAPOLIS,IN46278     		  PC CONTRIBUTION TO SUPPORT PROGRAMS SERVICING CHILDREN AND ADULTS PARTICIPATING IN THE SPECIAL OLYMPICS 250
    PAWS AND THINK INC
    1346 N DELAWARE ST
    INDIANAPOLIS,IN46202     		  PC CONTRIBUTION TO SUPPORT PROGRAMS FOR IMPROVING LIVES THROUGH THE POWER OF THE HUMAN-DOG CONNECTION 5,000
    PACE
    2855 N KEYSTONE AVENUE SUITE 170
    INDIANAPOLIS,IN46218     		  PC CONTRIBUTION TO SUPPORT PROGRAMS FOR PUBLIC ADVOCATES IN COMMUNITY RE-ENTRY 12,500
    HOPE ACADEMY
    3919 MADISON AVE SUITE 100
    INDIANAPOLIS,IN46227     		  PC CONTRIBUTION IN SUPPORT OF PROGRAMS HELPING TEENS IN RECOVERY FIND HEALTH AND ACADEMIC SUCCESS 10,000
    HABITAT FOR HUMANITY
    3135 N MERIDIAN ST
    INDIANAPOLIS,IN46208     		  PC CONTRIBUTION TO SUPPORT AFFORDABLE HOUSING PROGRAMS 10,000
    GIGI'S PLAYHOUSE
    5909 E 86TH STREET
    INDIANAPOLIS,IN46250     		  PC CONTRIBUTION IN SUPPORT OF DOWN SYNDROME ACHIEVEMENT CENTERS 1,000
    FORTUNE ACADEMY
    5626 LAWTON LOOP EAST DRIVE
    INDIANAPOLIS,IN46216     		  PC CONTRIBUTION TO SUPPORT PROGRAMS DEDICATED TO EDUCATING AND EQUIPPING STUDENTS WITH LEARNING DIFFERENCES TO BE COMPETENT AND LIFE-LONG LEARNERS 5,000
    FAMILY PROMISE OF GREATER INDIANAPOLIS
    1850 N ARSENAL AVENUE
    INDIANAPOLIS,IN46218     		  PC CONTRIBUTION TO SUPPORT PROGRAM EFFORTS 12,500
    EXODUS REFUGEE
    2457 WASHINGTON ST SUITE A
    INDIANAPOLIS,IN46201     		  PC CONTRIBUTION TO SUPPORT REFUGEES 5,000
    INDIANA UNIVERSITY FOUNDATION
    PO BOX 500
    BLOOMINGTON,IN47402     		  PC CONTRIBUTION TO THE ROBERT AND LEA ANNE EINTERZ GLOBAL HEALTHY EDUCATION FUND 10,000
    GENNESARET FREE CLINICS
    615 N ALABAMA STREET SUITE 136
    INDIANAPOLIS,IN46024     		  PC CONTRIBUTION TO PROGRAMS SUPPORTING QUALITY, ACCESSIBLE, AND COMPASSIONATE PATIENT-CENTERED HEALTHCARE 5,000
    TRINITY HAVEN
    3243 NORTH MERIDIAN STREEET
    INDIANAPOLIS,IN46208     		  PC CONTRIBUTION TO SUPPORT PROGRAMS EMPOWERING YOUNG LGBTQ PEOPLE TO THRIVE IN THE WORLD 10,000
    OUTREACH
    2416 EAST NEW YORK STREET PO BOX
    11416
    INDIANAPOLIS,IN46201     		  PC CONTRIBUTION TO SUPPORT PROGRAMS AND SERVICES FOR THE HOMELESS YOUTH IN INDIANAPOLIS 3,000
    Total .................................bullet 3a 367,250
    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 ............     		    18 376,508  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPASSTHROUGH ENTITIES     		531110 -118,184      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -118,184 634,121 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    515,937
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    THURSTON FOUNDATION INC
     
    Employer identification number

    35-1754670
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    THURSTON FOUNDATION INC
          		Employer identification number
    35-1754670
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ESTATE OF ELEANOR L THURSTON
    755 RACETIME ROAD
     
    WESTFIELD, IN46074

    		$ 796,425


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    THURSTON FOUNDATION INC
          		Employer identification number

    35-1754670
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 OPPORTUNISTIC REAL ESTATE FUND $ 153,149 2021-01-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 CARRIAGE HOUSE OF MISHAWAKA ASSOCIATES I PMN $ 50,000 2021-01-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 CAMBRIDGE SQUARE OF FLINT ASSOCIATES PMN $ 50,000 2021-01-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    THURSTON FOUNDATION INC
          		Employer identification number

    35-1754670
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    THURSTON FOUNDATION INC
    EIN:
    35-1754670
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 17,850 0   17,850

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THURSTON FOUNDATION INC
    EIN:
    35-1754670
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 3.250%DUE 10/01/22 101,448 101,354
    ALLY BANK 2.250% DUE 6/27/22 40,080 40,395
    AMERICAN EXPR CO 3.625% DUE 12/05/24 39,099 42,748
    AMERICAN EXPRESS NATL BK 3.300% DUE 07/03/23 25,130 26,049
    ANTHEM INC 2.950% DUE 12/01/22 102,203 101,950
    BANK AMERICA CORP 4.250% DUE 10/22/26 44,148 49,683
    BMW BANK OF NORTH AMER 1/650% DUE 2/28/23 228,523 228,258
    CAPITAL ONE 2.200% DUE 07/24/24 40,489 40,394
    CAPITAL ONE BANK 2.650% DUE 05/30/24 52,505 52,275
    CAPITAL ONE BANK 2.400% DUE 3/29/22 50,263 50,263
    CAPITAL ONE BANK USA 2.350% DUE 10/12/22 16,502 17,271
    CATERPILLAR FINL SVCS 2.850% DUE 6/01/22 75,793 75,717
    CIT BANK 2.650% DUE 07/06/22 25,111 25,309
    CIT BANK 1.95% DUE 8/23/22 50,550 50,542
    CIT BANK 3.250% DUE 2/12/24 52,852 52,700
    CITIBANK 3.300% DUE 7/24/23 26,112 26,083
    CITIBANK NA 3.200% DUE 01/16/24 44,045 46,265
    COMMERCE BANK 3.050% DUE 12/27/22 25,704 25,667
    DISCOVER BANK 3.400% DUE 11/29/22 36,197 37,005
    DISCOVER BANK 2.250% DUE 2/08/22 19,349 20,043
    DISCOVER BANK 2.400% DUE 03/18/22 27,036 27,124
    DISCOVER BANK 2.500% DUE 1/18/22 24,414 25,028
    DISCOVER BANK 3.250% DUE 8/22/23 26,151 26,108
    FIRST NATL BANK OF AMER 2.300% DUE 11/25/22 18,080 18,319
    FIRST PREMIER BANK 3.000% DUE 05/23/22 20,096 20,218
    GE CAP CORP INTERNOTES 5.05% DUE 4/15/27 5,494 5,679
    GE CAPITAL BANK 3.300% DUE 11/01/23 15,772 15,668
    GE CAPITAL BANK 3.300% DUE 11/22/23 19,866 20,033
    GE CAPITAL BANK 3.300% DUE 12/06/23 52,711 52,565
    GE CAPITAL RETAIL BANK 3.300% DUE 12/06/23 21,066 20,927
    GE CAPITGAL RETAIL BANK 2.550% DUE 8/24/22 50,737 50,693
    GOLDMAN SACHS BANK 3.00% DUE 4/10/26 20,774 20,435
    GOLDMAN SACHS BANK 3.100% DUE 5/22/23 51,872 51,655
    GOLDMAN SACHS BANK 3.250% DUE 9/17/24 21,438 21,296
    GOLDMAN SACHS BANK 3.350% DUE 8/29/23 52,382 52,323
    GOLDMAN SACHS BANK 3.500% DUE 10/31/23 41,852 42,124
    GOLDMAN SACHS BANK 3.550% DUE 12/12/23 79,572 79,237
    GOLDMAN SACHS BANK USA 2.900% DUE 04/18/22 5,017 5,040
    GOLDMAN SACHS BANK USA 3.000% DUE 01/05/22 10,002 10,004
    GOLDMAN SACHS GROUP INC 3.500% DUE 4/01/25 20,970 21,155
    GOLDMAN SACHS GROUP INC 3.625% DUE 1/22/23 82,672 82,394
    JPMORGAN CHASE & CO 2.950% DUE 10/01/26 25,965 26,406
    MORGAN STANLEY BANK 3.550% DUE 11/08/23 51,011 52,644
    PINNACLE BANK .700% DUE 05/08/23 25,094 25,081
    QUALCOMM INC 3.450% DUE 05/20/25 38,524 42,642
    SALLIE MAE BANK 2.650% DUE 2/8/23 51,221 51,250
    SHERWIN WILLIAMS 2.750% DUE 6/1/22 100,821 100,688
    STARBUCKS CORP 3.850% DUE 10/01/23 105,521 104,424
    STATE BANK OF INDIA 3.150% DUE 02/28/24 25,671 26,320
    STRYKER CORP 3.500% DUE 03/15/26 38,625 42,886
    SYNCHRONY BANK 2.450% DUE 10/27/23 129,626 129,196
    WELLS FARGO & CO 3.000% DUE 4/22/26 31,203 31,529
    WELLS FARGO BANK 2.800% DUE 4/1/24 52,300 52,354
    WELLS FARGO BANK 2.950% DUE 3/27/24 42,166 41,992
    WELLS FARGO BANK 3.150% DUE 5/9/23 51,725 51,821
    WELLS FARGO BANK NA 2.900% DUE 01/31/22 33,031 33,075
    WELLS FARGO BANK NA 3.200% 1/09/23 61,776 61,741
    WELLS FARGO BANK NA 3.500% 12/28/23 20,162 20,074

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THURSTON FOUNDATION INC
    EIN:
    35-1754670
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 62,132 78,126
    ABIOMED INC 972 1,078
    ACCENTURE PLC IRELAND 60,836 111,929
    ADOBE 17,723 23,249
    ADOBE INC 45,121 53,871
    ADVANCED MICRO DEVICES 4,642 7,339
    ADVANCED MICRO DEVICES 9,673 13,239
    ADYEN N V 38,996 46,800
    AFFIRM HOLDINGS INC 1,096 905
    AIRBNB INC 28,259 28,137
    AIRBNB INC-CLASS A 214 166
    ALIGN TECHNOLOGY INC 7,361 7,886
    ALLEGION PUBLIC LTD 29,718 33,375
    ALPHABET INC 40,638 43,456
    ALPHABET INC 46,615 84,014
    ALPHABET INC CL A 95,117 162,234
    ALPHABET INC-CL A 8,278 11,588
    ALPHABET INC-CL C 24,116 31,829
    AMAZON.COM INC 58,927 70,021
    AMAZON.COM INC 19,709 20,006
    AMAZON.COM INC 13,023 13,337
    AMAZON.COM INC 100,470 110,033
    AMPHENOL CORP-CL A 3,837 4,985
    ANSYS INC 23,722 27,276
    ANTA SPORTS PRODUCTS 44,086 43,731
    APPLE INC 44,897 80,972
    APPLE INC 8,622 11,364
    APPLE INC 32,006 40,308
    APPLE INC 128,951 219,477
    APPLE INC 106,272 161,944
    ASML HOLDING NV 69,010 68,468
    ASML HOLDING NV 32,891 32,642
    ASML HOLDING NV-NY REG SHS 5,641 7,165
    ASPEN TECHNOLOGY INC 27,130 29,527
    AUTODESK INC 14,624 13,778
    AUTOZONE INC 6,224 8,386
    BANK OF AMERICA CORP 60,249 70,339
    BENTLEY SYSTEMS INC 27,103 25,567
    BERKLEY W R CORP 34,464 40,783
    BIOGEN INC 1,623 1,440
    BLACKSTONE INC 7,576 12,163
    BLOCK INC 4,316 2,584
    BLOCK INC 9,113 5,814
    BOOKING HOLDINGS INC 4,317 4,798
    BRIGHT HORIZONS FAMILY SOLUTIONS INC 33,909 25,554
    BROADCOM INC 45,498 81,845
    BUMBLE INC-A 9,196 6,637
    CAPITAL ONE FINANCIAL CORP 3,005 2,757
    CARVANA CO 3,599 2,781
    CDW CORP 34,208 48,942
    CERIDIAN HCM HOLDING INC 6,167 6,685
    CHARLES RIVER LAB INTL 42,456 61,038
    CHEMED CORP NEW 25,140 27,510
    CHEVRON CORP 69,699 79,446
    CHEVRON CORP 58,456 73,344
    CHEWY INC - CLASS A 4,317 3,951
    CHIPOTLE MEXICAN GRILL INC 6,265 6,993
    CHIPOTLE MEXICAN GRILL INC 6,132 6,993
    CHURCHILL DOWNS INC 12,670 15,418
    CITIZENS FINANCIAL 36,178 47,203
    CME GROUP 34,928 44,778
    COMCAST CORP 27,114 26,121
    COOPER COS INC NEW 37,488 43,989
    COPART INC 33,039 43,060
    COSTAR GROUP 17,455 17,387
    COSTCO WHOLESALE CORP 38,727 59,041
    COSTCO WHOLESALE CORP 26,682 33,494
    CROWDSTRIKE HOLDINGS INC 20,768 18,632
    DEERE & CO 10,034 10,287
    DELTA AIRLINES INC NEW 21,977 23,956
    DEXCOM INC 4,313 5,906
    DEXCOM INC 3,021 3,759
    DUCK CREEK TECHNOLOGIES 22,291 13,911
    ELANCO ANIMAL HEALTH INC 24,455 22,874
    ELI LILLY & CO 13,895 27,346
    ELI LILLY & CO 7,209 8,287
    ENPHASE ENERGY INC 1,108 915
    EQUIFAX INC 3,056 3,221
    EQUIFAX INC 29,479 48,603
    ESTEE LAUDER CO INC 38,205 56,641
    ESTEE LAUDER COMPANIES-CL A 4,556 5,923
    ESTEE LAUDER COMPANIES-CL A 8,923 11,106
    ETSY INC 3,834 3,503
    EVERI HOLDINGS INC 26,734 22,781
    EXACT SCIENCES CORP 1,635 856
    EXPEDIA GROUP INC 9,759 10,482
    EXPEDIA GROUP INC 35,454 37,951
    EXPONENT INC 17,918 23,696
    FAIR ISAAC CORP 20,822 18,214
    FASTENAL CO 44,121 58,166
    FASTENAL CO 9,437 11,339
    FERRARI NV 14,574 19,412
    FIFTH THIRD BANCORP 50,530 72,032
    FIRST HORIZON CORP 43,197 42,262
    FIRST HORIZON CORP 15,130 18,061
    FREEPORT-MCMORAN INC 4,763 5,926
    GENERAL MOTORS CO 22,510 23,980
    GENERAL MOTORS CO 24,692 24,800
    GITLAB INC-CL A 3,568 3,393
    HCA HEALTHCARE INC 5,374 7,708
    HILTON WORLDWIDE 35,685 50,229
    HOME DEPOT INC 47,762 75,947
    HONEYWELL INTERNATIONAL INC 10,181 10,426
    HONEYWELL INTL INC 26,000 29,191
    HORIZON THERAPEUTICS PLC 5,761 6,681
    HUBSPOT INC 2,639 2,637
    HUBSPOT INC 2,732 3,955
    INTERACTIVE BROKERS GROUP INC 29,864 36,057
    INTERCONTINENTAL EXCHANGE INC 41,243 56,760
    INTERCONTINENTAL EXCHANGE INC 20,173 27,354
    INTERCONTINENTAL EXCHANGE INC 35,079 48,280
    INTUIT INC 69,565 74,614
    INTUIT INC 7,500 8,362
    INTUITIVE SURGICAL INC 13,847 22,636
    INTUITIVE SURGICAL INC 25,983 40,960
    INTUITIVE SURGICAL INC 3,986 5,390
    JACK HENRY & ASSOCIATES 20,911 22,210
    JD.COM INC-ADR 10,432 9,950
    JOHNSON CONTROLS INTL 26,897 30,003
    JPMORGAN CHASE & CO 39,777 50,989
    LAM RESEARCH CORP 4,136 5,034
    LENNOX INTL INC 29,737 33,085
    LIBERTY FORMULA ONE 19,026 26,814
    LIGHTSPEED COMMERCE INC 5,806 3,396
    LIVE NATION ENTERTAINMENT INC 11,769 17,116
    LOCKHEED MARTIN CORP 41,460 42,294
    LOWE'S COS INC 6,716 9,305
    LPL FINANCIAL HOLDINGS INC 32,690 36,981
    LVMH MOET HENNESSY LOUIS 29,302 40,879
    LVMH MOET HENNESSY LOUIS VUITTON ADR 21,436 31,611
    MARKETAXESS HOLDINGS INC 10,604 9,870
    MARRIOTT INTERNATIONAL -CL A 7,973 8,427
    MARTIN MARIETTA MATERIALS INC 20,951 35,682
    MARVELL TECHNOLOGY INC 7,347 8,574
    MASTERCARD INC 20,387 22,996
    MASTERCARD INC 36,748 40,603
    MASTERCARD INC - A 16,106 16,888
    MATCH GROUP INC 13,779 21,424
    MATCH GROUP INC 3,651 2,910
    MCDONALDS CORP 27,704 34,849
    MCKESSON CORP 4,380 5,966
    META PLATFORMS INC CL A 64,245 87,451
    META PLATFORMS INC CL A 40,017 53,816
    META PLATFORMS INC-CLASS A 9,430 11,772
    META PLATFORMS INC-CLASS A 12,566 14,463
    MICROSOFT CORP 31,966 39,686
    MICROSOFT CORP 53,656 91,479
    MICROSOFT CORP 105,625 175,559
    MICROSOFT CORP 107,964 184,976
    MICROSOFT CORP 9,485 13,116
    MODERNA INC 722 1,016
    MONGODB INC 1,867 2,117
    MONSTER BEVERAGE CORP 4,900 5,186
    MORGAN STANLEY 20,425 28,368
    MORGAN STANLEY 37,276 50,847
    MORGAN STANLEY 49,506 70,184
    MORGAN STANLEY 6,480 8,245
    MSCI INC 1,298 1,838
    MSCI INC CLASS A 37,126 52,691
    NATERA INC 5,563 4,950
    NATIONAL ENERGY SERVICES REUNITED CORP 16,017 13,693
    NCINO INC 6,540 5,760
    NCR CORP 22,511 19,618
    NETFLIX INC 80,562 76,510
    NETFLIX INC 7,354 7,229
    NEWMONT CORP 36,685 37,832
    NEXTERA ENERGY INC 9,419 10,830
    NIKE INC 54,755 61,335
    NIKE INC -CL B 10,138 11,500
    NORDSON CORP 34,554 44,672
    NOVO NORDISK AS 35,313 57,232
    NOVO NORDISK AS 49,053 76,160
    NVIDIA CORP 8,962 12,941
    NVIDIA CORP 36,001 78,821
    NXP SEMICONDUCTORS NV 30,807 41,456
    OCCIDENTAL PETROLEUM CORP 6,963 7,566
    ORACLE CORP 8,443 8,459
    OSHKOSH CORP 9,387 8,679
    OWENS CORNING INC NEW 24,684 20,544
    PALO ALTO NETWORKS INC 33,961 65,698
    PAYPAL HOLDINGS INC 27,481 31,304
    PAYPAL HOLDINGS INC 3,228 2,074
    PAYPAL HOLDINGS INC 69,529 67,700
    PERNOD RICARD 16,502 20,711
    PFIZER INC 17,648 28,994
    PFIZER INC 33,710 38,678
    PFIZER INC 20,322 24,693
    PIONEER NATURAL RESOURCES CO 10,622 12,368
    PLUG POWER INC 5,092 5,223
    POOL CORP 38,708 63,392
    PPG INDUSTRIES INC 8,261 8,450
    PROFRESSIVE CORP 8,510 9,854
    QORVO INC 45,064 45,509
    QORVO INC 16,359 17,828
    RALPH LAUREN CORP 8,346 8,677
    REGENERON PHARMACEUTICALS 2,997 3,789
    ROCKWELL AUTOMATION INC 4,684 6,628
    ROKU INC 667 228
    ROLLINS INC 22,691 21,176
    SCHWAB (CHARLES) CORP 6,381 8,746
    SCOTTS MIRACLE-GRO CO 65,260 53,130
    SEA LTD 44,867 47,427
    SEAGEN INC 4,033 3,865
    SHENZHOU INTL GROUP HOLDINGS LTD 20,008 20,947
    SHERWIN WILLIAMS CO 32,297 51,768
    SHERWIN-WILLIAMS CO/THE 4,216 5,282
    SIMON PROPERTY GROUP 38,632 67,742
    SITEONE LANDSCAPE SUPPLY INC 37,889 60,812
    SKYWORKS SOLUTIONS INC 32,330 33,045
    SNAP INC - A 5,082 3,809
    SNAP INC - A 5,095 4,421
    SPIRIT AEROSYSTEMS HOD-CL A 6,736 7,368
    STARBUCKS CORP 28,823 33,687
    STARBUCKS CORP 41,037 50,882
    SVB FINANCIAL GROUP 4,716 6,104
    SYNCHRONY FINANCIAL 3,097 3,850
    SYNOPSYS INC 4,319 5,528
    TAIWAN SEMICONDUCTOR-SP ADR 10,178 9,023
    TAPESTRY INC 4,367 4,344
    TELEDYNE TECHNOLOGIES INC 16,327 17,039
    TERADYNE INC 40,523 53,965
    TESLA INC 11,039 15,852
    TESLA INC 34,153 43,328
    TESLA INC 16,213 20,079
    TESLA INC 14,963 20,079
    TEXAS INSTRUMENTS INC 42,895 54,091
    TEXAS INSTRUMENTS INC 18,113 24,124
    TEXAS INSTRUMENTS INC 55,707 71,430
    TEXAS INSTRUMENTS INC 4,676 4,900
    THERMO FISHER SCIENTIFIC INC 1,018 1,334
    THERMO FISHER SCIENTIFIC INC 27,213 42,036
    THOR INDUSTRIES INC 37,962 36,423
    TRADE DESK INC/THE -CLASS A 633 641
    TRANE TECHNOLOGIES PLC 5,492 5,859
    TRANE TECHNOLOGIES PLC 6,908 8,687
    TRAVEL + LEISURE CO 5,940 6,190
    TRUIST FINANCIAL CORP 6,658 7,260
    TWILIO INC - A 431 263
    UBER TECHNOLOGIES INC 15,051 11,908
    UBER TECHNOLOGIES INC 45,856 41,511
    UNION PACIFIC CORP 37,562 41,568
    UNION PACIFIC CORP 21,833 28,720
    UNION PACIFIC CORP 39,652 48,371
    UNITED RENTALS INC 26,933 25,919
    UNITEDHEALTH GROUP INC 32,257 52,223
    UNITEDHEALTH GROUP INC 47,236 73,312
    UNITEDHEALTH GROUP INC 68,958 107,960
    UNITY SOFTWARE INC 3,265 3,289
    VEEVA SYSTEMS INC 22,674 24,782
    VERISK ANALYTICS INC 3,198 3,888
    VISA INC 60,544 66,097
    WALMART INC 43,135 43,696
    WALT DISNEY CO 29,551 29,894
    WALT DISNEY CO 62,841 65,983
    WALT DISNEY CO 53,105 54,057
    WASTE MANAGEMENT INC 18,227 25,202
    WAYFAIR INC- CLASS A 298 190
    WESTERN ALLIANCE BANCORP 15,600 25,728
    WHIRLPOOL CORP 41,001 43,647
    WORKDAY INC-CLASS A 1,127 1,093
    ZEBRA TECHNOLOGIES CORP 27,514 40,474
    ZEBRA TECHNOLOGIES CORP 15,109 27,379
    ZEBRA TECHNOLOGIES CORP 48,696 70,234
    ZIMMER BIOMET HOLDINGS INC 10,915 8,639
    ZIONS BANCORPORATION N A 20,886 29,180
    ZOETIS INC 5,160 7,321

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THURSTON FOUNDATION INC
    EIN:
    35-1754670
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    94TH AND STATE - INVESTOR LLC AT COST 199,990 199,990
    AMBROSE ASPIRE FUND I LP AT COST 121,556 121,556
    BLAIRWOOD APARTMENTS OF LOUISVILLE #113 AT COST 63,387 63,387
    BRIARWOOD APARTMENTS OF LEXINGTON #105 AT COST 59,472 59,472
    CARRIAGE HOUSE OF MISHAWAKA ASSOCIATES I PMN AT COST 50,000 50,000
    CARRIAGE SQUARE OF FLINT ASSOCIATES PMM AT COST 50,000 50,000
    FAIRINGTON APARTMENTS OF SOUTH BEND #109 AT COST 93,545 93,545
    FIDELITY 500 INDEX-INST PRM AT COST 403,739 509,620
    FIDELITY INTL INDEX-INST PRM AT COST 51,156 54,945
    FINANCIAL SELECT SECTOR SPDR AT COST 36,648 47,992
    FPA CRESCENT AT COST 894,012 1,003,059
    INDUSTRIAL SELECT SPDR AT COST 13,293 15,766
    INTERNATIONAL SELECT INVESTMENTS LLC AT COST 2,203,760 2,203,760
    INVESCO S&P EQUAL WEIGHT AT COST 26,375 33,038
    ISHARES 3-7 YEAR TREASURY BO AT COST 46,042 45,421
    ISHARES MSCI CANADA ETF AT COST 14,480 17,409
    ISHARES TRUST ISHARES 1-5 YEAR AT COST 46,164 45,313
    JPM BTABLDRS DEV ASIA X-JPN AT COST 28,739 27,650
    JPM CORE PLUS BD FD - R6 AT COST 47,512 45,308
    JPM MTGE BACKED SEC FD - R6 AT COST 46,266 45,497
    JPMORGAN BETABUILDERS CANADA AT COST 26,265 31,718
    JPMORGAN BETABUILDERS EUROPE ETF AT COST 15,680 16,190
    JPMORGAN BETABUILDERS JAPAN ETF AT COST 64,313 62,130
    KCP ACCESS FUND LP AT COST 159,633 159,633
    KCP FINBACK, LP AT COST 15,068 15,068
    KCP LIBERTY CITY VENTURES LP AT COST 179,870 179,870
    MILHAUS - GLENDALE AT COST 180,104 180,104
    OPPORTUNISTIC REAL ESTATE FUND, LLC AT COST 118,049 118,049
    RC II PRIVATE INVESTORS OFFSHORE, LP - CLASS A - SECOND CLOSE AT COST 91,148 91,148
    SIX CIRCLE MGD EQ INTL UNCON AT COST 246,521 276,317
    SIX CIRCLE MGD EQ US UNCON AT COST 408,377 479,306
    SIX CIRCLES CREDIT OPPORT AT COST 72,990 72,865
    SIX CIRCLES GLOBAL BOND AT COST 139,752 135,230
    SPDR S&P 500 ETF AT COST 58,031 58,895
    THE WOODS OF FAIRFAX I #086 AT COST 357,622 357,622
    THE WOODS OF FAIRFAX II #145 AT COST 79,610 79,610
    VANGUARD 500 INDEX ADMIRAL AT COST 921,508 1,328,106
    VANGUARD SHORT-TERM BOND ETF AT COST 119,942 117,769
    VANGUARD TOT BD MKT IDX-ADM AT COST 198,266 191,582
    VANGUARD TTL INTL BND - ADM AT COST 207,215 195,489
    VINTAGE 2021 PRIVATE INVESTMENTS OFFSHORE SICAV-RAIF S.C.SP. - CLASS A AT COST 45,427 45,427
    WATERMARK 3G MULTIFAMILY DEVELOPMENT FUND II AT COST 159,184 159,184
    WILLIAMSBURG OF CASTLETON #079 AT COST 68,654 68,654
    ISI ACCOUNT AT COST 13,900 13,900

    TY 2021 OtherAssetsSchedule
    Name:
    THURSTON FOUNDATION INC
    EIN:
    35-1754670
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LOAN RECEIVABLE TRANSFERRED IN FROM ESTATE   49,175 49,175


    TY 2021 OtherIncomeSchedule2
    Name:
    THURSTON FOUNDATION INC
    EIN:
    35-1754670
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 800 800 800
    PASSTHROUGH ENTITIES -118,184   -118,184


    TY 2021 OtherIncreasesSchedule
    Name:
    THURSTON FOUNDATION INC
    EIN:
    35-1754670
    Description Amount
    PARTNERSHIP INTERESTS 752


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THURSTON FOUNDATION INC
    EIN:
    35-1754670
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISC FEES/DUES 895 0   895
    INVESTMENT MANAGER FEES 65,298 65,298   0
    INVESTMENT MANAGER FEES 26,860 0   0
    SUBSCRIPTIONS 1,237 0   1,237
    OTHER EXPENSES 391 0   392


    TY 2021 SubstantialContributorsSch
    Name:
    THURSTON FOUNDATION INC
    EIN:
    35-1754670
    Name Address
    ESTATE OF ELEANOR L THURSTON 755 RACETIME ROAD
    WESTFIELD,IN46074


    TY 2021 TaxesSchedule
    Name:
    THURSTON FOUNDATION INC
    EIN:
    35-1754670
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX -1099S 1,757 1,757   0
    PRIOR YEAR EXCISE TAX - 9,823 0   0
    FOREIGN TAX ISI 5,944 5,944   0
    STATE TAXES 2,167 0   0