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
EASTMAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 431
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
KINGSPORT, TN37662
A Employer identification number

62-1614800
B Telephone number (see instructions)

(423) 229-6407
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$6,456,865J 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) 1,427,162
2 Check bullet.............
3 Interest on savings and temporary cash investments 172    
4 Dividends and interest from securities... 143,786 143,786  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
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 1,508 0  
12 Total. Add lines 1 through 11........ 1,572,628 143,786  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 22,100 16,575   0
c Other professional fees (attach schedule).... Click to see attachment 20,371 0   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,010 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 14,887 12,590   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 61,368 29,165   0
25 Contributions, gifts, grants paid....... 1,936,977 1,936,977
26 Total expenses and disbursements. Add lines 24 and 25 1,998,345 29,165   1,936,977
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -425,717
b Net investment income (if negative, enter -0-) 114,621
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......... 399,726 276,271 276,271
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)      
b Investments—corporate stock (attach schedule)....... 1,652,522 Click to see attachment1,652,522 6,141,986
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment35,055 Click to see attachment38,608 Click to see attachment38,608
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,087,303 1,967,401 6,456,865
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 1,663,509 2,029,998
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)......... 1,663,509 2,029,998
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........... 409,465 -97,088
25 Net assets with donor restrictions............ 14,329 34,491
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 423,794 -62,597
30 Total liabilities and net assets/fund balances (see instructions). 2,087,303 1,967,401
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
423,794
2
Enter amount from Part I, line 27a .....................
2
-425,717
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
-1,923
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
60,674
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
-62,597
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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  
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 1,593
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 1,593
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,800
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 35
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 10 172
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet172 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletHTTPS://EASTMANFOUNDATION.COM/
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (423) 229-6407

    Located atbulletPO BOX 431KINGSPORTTN ZIP+4bullet37662
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PERRY STUCKEY DIRECTOR & VICE PRESIDENT
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    KRISTI BENNETT CORPORATE SECRETARY
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    DONNY CHIA DIRECTOR & TREASURER
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    PAULA BULCAO DIRECTOR
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    KELLYE WALKER DIRECTOR
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    WILLIE MCLAIN DIRECTOR & PRESIDENT
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    STEVE G CRAWFORD DIRECTOR
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    GREGORY A RIDDLE DIRECTOR
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    MICHELLE CAVENESS DIRECTOR
    0.00     		0 0 0
    PO BOX 431
    KINGSPORT,TN37662
    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
    5,593,251
    b
    Average of monthly cash balances.......................
    1b
    349,559
    c
    Fair market value of all other assets (see instructions)................
    1c
    35,351
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,978,161
    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
    5,978,161
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    276,271
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    5,701,890
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    285,095
    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
    285,095
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    1,593
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,593
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    283,502
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    283,502
    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
    283,502
    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 7 283,502
    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...... 2,226,836
    b From 2017...... 2,331,493
    c From 2018...... 3,082,077
    d From 2019...... 1,526,054
    e From 2020...... 1,552,382
    f Total of lines 3a through e ........ 10,718,842
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,936,977
    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..... 283,502
    e Remaining amount distributed out of corpus 1,653,475
    5 Excess distributions carryover applied to 2021. 0 0
    (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 12,372,317
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		2,226,836
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		10,145,481
    10 Analysis of line 9:
    a Excess from 2017.... 2,331,493
    b Excess from 2018.... 3,082,077
    c Excess from 2019.... 1,526,054
    d Excess from 2020.... 1,552,382
    e Excess from 2021.... 1,653,475
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    PAULA BULCAO
    PO BOX 431
    KINGSPORT,TN37662
    (423) 229-2000
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICATION, A COPY OF THEIR 501(C)(3) TAX EXEMPT LETTER, AND AN INVOICE
    cAny submission deadlines:
    JULY 31ST OF THE PREVIOUS YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOUNDATION IS MOVING AWAY FROM AN APPLICATION SUBMISSION PROCESS, INSTEAD PURPOSEFULLY IDENTIFYING POTENTIAL AWARD/GRANT RECIPIENTS TIED TO ACHIEVEMENT OF ONE OR MORE OF THE PILLARS WHICH MAKE UP FOUNDATION'S STRATEGIC PLAN. THERE IS NO FORMAL POLICY PROHIBITING CASH CONTRIBUTIONS TO UNITED WAY AGENCIES AND, WHILE THE PREVIOUS PRACTICE WAS TO REFRAIN FROM DOING SO, CURRENT NEEDS IN THE COMMUNITY HAVE RESULTED IN CASH CONTRIBUTIONS BEING MADE TO NUMEROUS UNITED WAY AGENCIES, AS WELL AS TO THE UNITED WAY. CONTRIBUTIONS MAY BE MADE TO FRATERNAL, SOCIAL, RELIGIOUS OR NATIONAL HEALTH ORGANIZATIONS ONLY IF THE SUBJECT ORGANIZATION IS FOR THE BENEFIT OF COMMUNITY MEMBERS WHO ARE NOT MEMBERS OF SUCH ORGANIZATION (E.G., WHILE THE SALVATION ARMY IS A CHURCH, IT SERVES ALL COMMUNITY MEMBERS IN NEED, REGARDLESS OF RELIGIOUS AFFILIATION.
    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
    AMERICAN INSTITUTE OF CHEMICAL ENGINEERS
    120 WALL STREET
    NEW YORK,NY10005     		NONE PUBLIC CHARITY GRANT 480,000
    ANDERSON ELEMENTARY SCHOOL
    600 JACKSON STREET
    KINGSPORT,TN37660     		NONE I SCHOLARSHIP 550
    ANDREW JACKSON ELEMENTARY
    600 JACKSON STREET
    KINGSPORT,TN37660     		NONE I SCHOLARSHIP 1,100
    ANDREW JOHNSON ELEMENTARY
    1001 ORMOND DRIVE
    KINGSPORT,TN37664     		NONE I SCHOLARSHIP 550
    APPALACHIAN SUSTAINABLE DEVELOPMENT
    1096 OLD BERRY DRIVE
    ABINGDON,VA24210     		NONE PUBLIC CHARITY GRANT 40,000
    ASBURY HOUSE CHILD ENRICHMENT CENTER
    320 S CENTER STREET
    LONGVIEW,TX75601     		NONE PUBLIC CHARITY COVID-19 RELIEF 58,000
    BEYOND BENIGN INC
    18 CHURCH STREET
    WILMINGTON,MA01887     		NONE PUBLIC CHARITY MATH/SCIENCE ELITES 1,500
    BOONES CREEK ELEMENTARY SCHOOL
    132 HIGHLAND CHURCH RD
    JOHNSON CITY,TN37615     		NONE I SCHOLARSHIP 550
    BOYS AND GIRLS CLUB OF GREATER KINGSPORT
    1 POSITIVE PLACE
    KINGSPORT,TN37660     		NONE PUBLIC CHARITY COVID-19 RELIEF 25,000
    BOYS AND GIRLS CLUB OF THE BLUE RIDGE
    311 CHURCH STREET E SUITE B
    MARTINSVILLE,VA24112     		NONE PUBLIC CHARITY COVID 19 RELIEF 10,000
    BRISTOL TN CITY SCHOOLS
    615 MLK JR BLVD
    BRISTOL,TN37620     		NONE I SCHOLARSHIP 700
    BRISTOL TN CITY SCHOOLS
    615 MLK JR BLVD
    BRISTOL,TN37620     		NONE I SCHOLARSHIP 700
    CAMPBELL COURT ELEMENTARY SCHOOL
    220 CAMPBELL COURT
    BASSETT,VA24055     		NONE I SCHOLARSHIP 900
    CASA FOR KIDS INC
    310 SHELBY STREET
    KINGSPORT,TN37660     		NONE PUBLIC CHARITY COVID-19 RELIEF 10,000
    CENTRAL HEIGHTS ELEMETARY SCHOOL
    158 CENTRAL HEIGHTS RD
    BLOUNTVILLE,TN37617     		NONE I SCHOLARSHIPS 550
    CHEROKEE ELEMENTARY SCHOOL
    2100 CHEROKEE ROAD
    JOHNSON CITY,TN37604     		NONE I SCHOLARSHIP 1,100
    CHESTER VALLEY MINISTER'S ASSOCIATION
    PO BOX 227
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY COVID 19 RELIEF 3,000
    CHRISTUS GOOD SHEPHERD FOUNDATION
    700 E MARSHALL AVE
    LONGVIEW,TX75601     		NONE PUBLIC CHARITY COVID 19 RELIEF 125,000
    CHURCH HILL MIDDLE SCHOOL
    211 OAK STREET
    CHURCH HILL,TN37642     		NONE I SCHOLARSHIP 1,100
    COALITION FOR BETTER HEALTH
    505 PARK AVENUE 4TH FLOOR
    NEW YORK,NY10022     		NONE PUBLIC CHARITY OPERATIONS 25,000
    COMMUNITY ACTION PLANNING COUNCIL
    518 DAVIDSON STREET 1
    WATERTOWN,NY13601     		NONE PUBLIC CHARITY COVID 19 RELIEF 15,000
    COMMUNITY CIRCLE FOOD PANTRY
    69 E PINE AVE
    WASHINGTON,PA15301     		NONE PUBLIC CHARITY COVID-19 RELIEF 5,000
    COMMUNITY ENABLER DEVELOPER
    104 E F ST SUITE 1
    ANNISTON,AL36201     		NONE PUBLIC CHARITY COVID 19 RELIEF 5,000
    COMMUNITY FOUNDATION OF NORTHEAST ALABAMA
    1130 QUINTARD AVE 100
    ANNISTON,AL36201     		NONE PUBLIC CHARITY COVID 19 RELIEF 5,000
    COVENANT COUNSELING CENTER
    441 CLAY STREET 2
    KINGSPORT,TN37660     		NONE PUBLIC CHARITY COVID-19 RELIEF 25,000
    EAST SPRINGFIELD NEIGHBORHOOD COUNCIL
    1437 CAREW ST
    SPRINGFIELD,MA01104     		NONE PUBLIC CHARITY COVID 19 RELIEF 12,000
    EAST TENNESSEE STATE UNIVERSITY
    1276 GILBREATH DRIVE
    JOHNSON CITY,TN37614     		NONE PUBLIC CHARITY REGIONAL SCIENCE FAIR, ACADEMIC ALLIANCE, MATHLETES PROGRAM 62,182
    FAIRMONT ELEMENTARY SCHOOL
    1405 LESTER HARRIS AVE
    KINGSPORT,TN37601     		NONE I SCHOLARSHIP 550
    FALL BRANCH ELEMENTARY SCHOOL
    1061 TN-93
    FALL BRANCH,TN37656     		NONE I SCHOLARSHIPS 550
    FEDERATION BELGE DES BANQUEST ALIMENTAIRS
    CHAUSSEE DE ZELLIK 12-1082
    BRUSSELS,BRUSSELS  
    BE     		NONE PUBLIC CHARITY COVID 19 RELIEF 9,000
    FIELDALE-COLLINSVILLE MIDDLE SCHOOL
    645 MILES RD
    COLLINSVILLE,VA24078     		NONE I SCHOLARSHIPS 1,800
    FONDO UNIDO IAP
    RIO PANUCO 13 COL RENACIIMIENTO
    CUAUHTEMOC,CHIHUAHUA  
    MX     		NONE PUBLIC CHARITY COVID 19 RELIEF 5,000
    FOOD BANK OF CENTRAL & EASTERN NC
    1924 CAPITAL BLVD
    RALEIGH,NC27604     		NONE PUBLIC CHARITY COVID 19 RELIEF 1,000
    FRANKLIN COOPERATIVE MINISTRY
    301 W 1ST AVE
    FRANKLIN,VA23851     		NONE PUBLIC CHARITY COVID 19 RELIEF 1,000
    FRANKLIN SOUTH HAMPTON UNITED WAY
    116 N MAIN ST
    FRANKLIN,VA23851     		NONE PUBLIC CHARITY COVID 19 RELIEF 1,000
    GATE CITY MIDDLE SCHOOL
    170 STATE RD 836
    GATE CITY,VA24251     		NONE PUBLIC CHARITY SCHOLARSHIPS 550
    GEORGE WASHINGTON CARVER ELEMENTARY
    5393 QUINCY AVENUE
    CLEVELAND,OH44104     		NONE I SCHOLARSHIPS 900
    GIRLS INC OF KINGSPORT
    1100 GIRLS CLUB PLACE
    KINGSPORT,TN37660     		NONE PUBLIC CHARITY COVID-19 RELIEF 25,000
    GOONJ
    J-93 SARITA VIHAR
    NEW DELHI,PUNJAB1010076
    IN     		NONE PUBLIC CHARITY COVID 19 RELIEF 10,000
    GRACE NETWORK
    16 LIBERTY STREET
    MARTINSVILLE,VA24115     		NONE PUBLIC CHARITY COVID-19 RELIEF 10,000
    GRANDVIEW ELEMENTARY SCHOOL
    2891 HIGHWAY 11E
    TELFORD,TN37690     		NONE I SCHOLARSHIPS 550
    GRAY ELEMENTARY SCHOOL
    755 GRAY STATION ROAD
    GRAY,TN37615     		NONE I SCHOLARSHIPS 1,100
    GREATER KINGSPORT FAMILY YMCA
    1840 MEADOWVIEW PKWY
    KINGSPORT,TN37660     		NONE PUBLIC CHARITY COVID-19 RELIEF 30,000
    GREATER PITTSBURGH COMMUNITY FOOD BANK
    1 N LINDEN ST
    DUQUESNE,PA15110     		NONE PUBLIC CHARITY COVID 19 RELIEF 5,000
    HAWKINS COUNTY SCHOOLS
    200 N DEPOT STREET
    ROGERSVILLE,TN37857     		NONE I SCHOLARSHIP 550
    HAWKINS COUNTY SCHOOLS
    200 N DEPOT STREET
    ROGERSVILLE,TN37857     		NONE I SCHOLARSHIP 700
    HEATEGEVUSFOND SUDAMETE SOOJUS MTU
    LUISE 22 10142
    TALLINN,HARJU COUNTY  
    EN     		NONE PUBLIC CHARITY COVID 19 RELIEF 16,000
    HENRY COUNTY FOOD PANTRY
    3321 FAIRYSTONE PARK HWY
    BASSETT,VA24055     		NONE PUBLIC CHARITY COVID-19 RELIEF 10,000
    HENRY COUNTY PUBLIC SCHOOLS
    3300 KINGS MOUNTAIN ROAD ADMIN BLDG
    COLLINSVILLE,VA24078     		NONE I COVID-19 RELIEF 8,000
    HET NEDERLAND RODE KRUIS
    PO BOX 28120 2502 KC
      THE HAGUE  
    NL     		NONE I OPERATIONS 10,000
    HITCHCOCK FAMILY WELFARE
    6915 2ND STREET
    HITCHCOCK,TX77563     		NONE PUBLIC CHARITY COVID-19 RELIEF 15,000
    HOLSTON MIDDLE SCHOOL
    2348 HWY 75
    BLOUNTVILLE,TN37617     		NONE I SCHOLARSHIP 1,650
    HOLSTONINNOVATION ACADEMY
    2348 TN-75
    BLOUNTVILLE,TN37617     		NONE I SCHOLARSHIP 550
    INDIAN ORCHARD CITIZENS COUNCIL
    117 MAIN STREET
    INDIAN ORCHARD,MA01151     		NONE PUBLIC CHARITY COVID 19 RELIEF 12,000
    INDIAN TRAIL INTERMEDIATE SCHOOL
    307 CAR-MOL DRIVE
    JOHNSON CITY,TN37601     		NONE I SCHOLARSHIP 1,100
    INTERFAITH MINISTRIES
    3303 MAIN STREET
    HOUSTON,TX77002     		NONE PUBLIC CHARITY COVID-19 RELIEF 5,000
    IRMANDADE DA SANTA CASA DE MISERICORDIA
    LARGO MAJ ROSA BASTOS 9
    POVOA DE SANTO ADRIAO,ODIVELAS2620-118
    PO     		NONE PUBLIC CHARITY COVID 19 RELIEF 5,000
    ISAIAH HOUSE 117
    1705 STATE LINE RD
    ELIZABETHTON,TN37641     		NONE PUBLIC CHARITY COVID-19 RELIEF 5,000
    JOHN ADAMS ELEMENTARY SCHOOL
    2727 EDINBURGH CHANNEL ROAD
    KINGSPORT,TN37664     		NONE I SCHOLARSHIP 550
    JOHN F KENNEDY ELEMENTARY
    1500 WOODLAND AVE
    KINGSPORT,TN37665     		NONE I SCHOLARSHIP 550
    JOHNSON CITY SCHOOLS
    100 EAST MAPLE STREET
    JOHNSON CITY,TN37601     		NONE I SCHOLARSHIP 550
    JOHNSON CITY SCHOOLS
    100 EAST MAPLE STREET
    JOHNSON CITY,TN37601     		NONE I SCHOLARSHIP 700
    JOHNSON CITY SCHOOLS
    100 EAST MAPLE STREET
    JOHNSON CITY,TN37601     		NONE I SCHOLARSHIP 700
    JOHNSON CITY SCHOOLS
    100 EAST MAPLE STREET
    JOHNSON CITY,TN37601     		NONE I SCHOLARSHIP 700
    JONESBOROUGH MIDDLE SCHOOL
    308 FOREST DRIVE
    JONESBOROUGH,TN37669     		NONE I SCHOLARSHIPS 550
    JONESBOROUGH MIDDLE SCHOOL
    308 FOREST DRIVE
    JONESBOROUGH,TN37669     		NONE I SCHOLARSHIPS 550
    KIDS AGAINST HUNGER
    PO BOX 45344
    OMAHA,NE68145     		NONE PUBLIC CHARITY COVID-19 RELIEF 25,000
    KINGSPORT CHAMBER FOUNDATION
    400 CLINCHFIELD ST 100
    KINGSPORT,TN37660     		NONE PUBLIC CHARITY COVID-19 RELIEF 25,000
    KINGSPORT CITY SCHOOLS
    400 CLINCHFIELD ST STE 200
    KINGSPORT,TN37660     		NONE I SCHOLARSHIP 550
    KINGSPORT CITY SCHOOLS
    400 CLINCHFIELD ST STE 200
    KINGSPORT,TN37660     		NONE I SCHOLARSHIP 700
    KINGSPORT HOMELESS MINITRIES INC
    PO BOX 1125
    KINGSPORT,TN37662     		NONE PUBLIC CHARITY COVID-19 RELIEF 20,500
    KIRKKOPALVELUTRY
    PO BOX 176
    JRVENP,UUSIMAA04401
    FI     		NONE PUBLIC CHARITY COVID 19 RELIEF 8,000
    KITCHEN OF HOPE
    704 E SEVIER AVE
    KINGSPORT,TN37660     		NONE PUBLIC CHARITY COVID-19 RELIEF 20,000
    KOHTLA-JARVE INVAUHING
    LEHE 9
      IDA-VIRU MAAKOND  
    EN     		NONE I COVID-19 RELIEF 3,000
    LAKE RIDGE ELEMENTARY SCHOOL
    1001 LAKE RIDGE SQUARE
    JOHNSON CITY,TN37601     		NONE I SCHOLARSHIPS 550
    LAMAR SCHOOL
    3261 HWY 81 S
    JONESBOROUGH,TN37615     		NONE I SCHOLARSHIP 550
    LINCOLN ELEMENTARY SCHOOL
    1000 SUMMER ST
    KINGSPORT,TN37664     		NONE I SCHOLARSHIP 1,100
    LION'S CLUB
    PO BOX 3399
    KINGSPORT,TN37660     		NONE I COVID-19 RELIEF 10,000
    LONGVIEW PRCA RODEO
    100 GRAND BLVD
    LONGVIEW,TX75604     		NONE PUBLIC CHARITY OPERATIONS -2,500
    MAINLAND CHILDREN'S PARTNERSHIP
    2000 TEXAS AVE 601
    TEXAS CITY,TX77590     		NONE PUBLIC CHARITY COVID-19 RELIEF 15,000
    MARTINSVILLE CITY PUBLIC SCHOOLS
    746 INDIAN TRAIL POST OFFICE BOX
    5548
    MARTINSVILLE,VA24112     		NONE I SCHOLARSHIP 6,000
    MENTAL HEALTH ASSOCIATION
    9050 EXECUTIVE PARK DR
    KNOXVILLE,TN37923     		NONE I COVID-19 RELIEF 10,000
    MOUNT OLIVET ELEMENTARY
    255 LANCER LN
    MARTINSVILLE,VA24112     		NONE I SCHOLARSHIPS 600
    MOUNTAIN VIEW ELEMENTARY SCHOOL
    907 KING SPRINGS RD
    JOHNSON CITY,TN37601     		NONE I SCHOLARSHIP 1,100
    MTU LAPSINVALIIDIDE VENEMATE UHING
    L KOIDULA ST 7-11
    KOHTLAJARVE CITY,IDA-VIRU COUNTY  
    EN     		NONE I COVID-19 RELIEF 10,000
    NATIONAL MERIT SCHOLARSHIP CORPORATION
    1560 SHERMAN AVE SUITE 200
    EVANSTON,IL60201     		NONE PUBLIC CHARITY SCHOLARSHIPS 21,995
    NICKELSVILLE ELEMENTARY SCHOOL
    11415 NICKELSVILLE HWY
    NICKELSVILLE,VA24271     		NONE I SCHOLARSHIPS 550
    NORTH CAROLINA AGRICULTURAL AND TEC
    1601 E MARKET STREET
    GREENSBORO,NC27411     		NONE I SCHOLARSHIP 290,000
    NORTH CAROLNA STATE UNIVERSITY
    HOLLADAY HALL CAMPUS BOX 7001
    RALEIGH,NC276957001     		NONE I COVID-19 RELIEF 2,000
    RESOURCE AND CRISIS CENTER OF GALVESTON
    1204 45TH STREET
    GALVESTON,TX77550     		NONE PUBLIC CHARITY COVID-19 RELIEF 20,000
    RICH ACRES ELEMENTARY
    400 RICH ACRES SCHOOL RD
    MARTINSVILLE,VA24112     		NONE I SCHOLARSHIPS MARTINSVILLE 300
    RIDGEVIEW ELEMENTARY SCHOOL
    252 SAM JENKINS RD
    JOHNSON CITY,TN37615     		NONE I SCHOLARSHIP 550
    RMC FOUNDATION
    400 E 10TH STREET
    ANNISTON,AL36207     		NONE I COVID-19 RELIEF 5,000
    SALVATION ARMY OF GREATER KINGSPORT
    505 DALE STREET
    KINGSPORT,TN37660     		NONE PUBLIC CHARITY COVID-19 RELIEF 5,000
    SANTA FE FAMILY SERVICE
    4205 JACKSON STREET
    SANTA FE,TX77517     		NONE PUBLIC CHARITY COVID-19 RELIEF 15,000
    SANTA ROSA KID'S HOUSE
    5643 STEWART STREET
    MILTON,FL32570     		NONE PUBLIC CHARITY COVID-19 RELIEF 15,000
    SANVILLE ELEMENTARY SCHOOL
    19 SANVILLE SCHOOL RD
    BASSETT,VA24055     		NONE I SCHOLARSHIP 300
    SCOTT COUNTY SCHOOLS
    340 EAST JACKSON STREET
    GATE CITY,VA24251     		NONE I SCHOLARSHIP 700
    SCOTT COUNTY SCHOOLS
    340 EAST JACKSON STREET
    GATE CITY,VA24251     		NONE I SCHOLARSHIP 700
    SCOTT COUNTY SCHOOLS
    340 EAST JACKSON STREET
    GATE CITY,VA24251     		NONE I SCHOLARSHIP 1,100
    SECOND HARVEST FOOD BANK OF NORTHEAST TENNESSEE
    1020 JERICHO DR
    KINGSPORT,TN37663     		NONE PUBLIC CHARITY COVID 19 RELIEF 25,000
    SECOND HARVEST FOOD BANK OF SOUTHERN WISCONSIN
    2802 DAIRY DR
    MADISON,WI53718     		NONE PUBLIC CHARITY COVID 19 RELIEF 5,000
    SHADES OF GRACE
    313 E SULLIVAN STREET
    KINGSPORT,TN37660     		NONE PUBLIC CHARITY COVID-19 RELIEF 20,000
    SISTERS PLACE INC
    418 MITCHELL AVE
    CLAIRTON,PA15025     		NONE PUBLIC CHARITY COVID-19 RELIEF 18,000
    SMILE FOSTER CLOSET
    1401 PROSPECT DR
    KINGSPORT,TN37664     		NONE PUBLIC CHARITY COVID-19 RELIEF 10,000
    SOUTH CENTRAL ELEMENTARY SCHOOL
    2955 TN-107
    CHUCKEY,TN37641     		NONE I SCHOLARSHIP 550
    SOUTH SIDE ELEMENTARY SCHOOL
    1011 SOUTHWEST AVE
    JOHNSON CITY,TN37604     		NONE I SCHOLARSHIP 550
    SPRINGFIELD BOYS & GIRLS CLUB
    481 CAREW STREET
    SPRINGFIELD,MA01104     		NONE PUBLIC CHARITY COVID-19 RELIEF 25,000
    SSHRISHTI TRUST
    FLAT NO 204 1ST FLOOR KABIR
    APARTMENT 76/9 KISHANGARH - MEHRAUL
    NEW DELHI,DELHI110070
    IN     		NONE PUBLIC CHARITY COVID 19 RELIEF 10,000
    ST CLAIR ELEMENTARY SCHOOL
    1350 MELINDA FERRY RD
    BULLS GAP,TN37711     		NONE I SCHOLARSHIP 550
    ST GABRIEL FOOD BANK
    300 W CAROLINA AVE
    RUSTON,LA71270     		NONE PUBLIC CHARITY COVID-19 RELIEF 22,000
    ST LOUIS CRISIS NURSERY
    1928 GRAVOIS AVE
    ST LOUIS,MO63104     		NONE PUBLIC CHARITY COVID-19 RELIEF 8,000
    STICHTING NATIONAAL OUDEERENFONDS
    SMALLEPAD 30E 3811 MG
      AMERSFOORT  
    NL     		NONE I COVID-19 RELIEF 38,000
    STICHTING VOEDELBANKEN NEDERLAND
    RIVIERVISMARKT 2 2513 AM
      THE HAGUE  
    NL     		NONE I COVID-19 RELIEF 12,000
    SULLIVAN CENTRAL MIDDLE SCHOOL
    131 SHIPLEY FERRY RD
    BLOUNTVILLE,TN37617     		NONE I SCHOLARSHIPS 2,200
    SULLIVAN COUNTY SCHOOLS
    154 BLOUNTVILLE BYPASS PO BOX 306
    BLOUNTVILLE,TN37617     		NONE I SCHOLARSHIP 550
    SULLIVAN COUNTY SCHOOLS
    154 BLOUNTVILLE BYPASS PO BOX 306
    BLOUNTVILLE,TN37617     		NONE I SCHOLARSHIP 700
    SULLIVAN COUNTY SCHOOLS
    154 BLOUNTVILLE BYPASS PO BOX 306
    BLOUNTVILLE,TN37617     		NONE I SCHOLARSHIP 700
    SULLIVAN EAST MIDDLE SCHOOL
    4500 WEAVER PIKE
    BLUFF CITY,TN37618     		NONE I SCHOLARSHIP 550
    SULPHUR SPRINGS ELEMENTARY SCHOOL
    1516 GRAY STATION SULPHUR SPRINGS
    RD
    JONESBOROUGH,TN37659     		NONE I SCHOLARSHIP 550
    SUMNER HALL S A COMM FOR RACIAL JUSTICE
    206 SOUTH QUEEN STREET
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY COVID-19 RELIEF 2,000
    SURGOINSVILLE ELEMENTARY SCHOOL
    1010 MAIN ST
    SURGOINSVILLE,TN37873     		NONE I SCHOLARSHIP 550
    THE COMMUNITY SURVIVAL CENTER
    240 MAIN STREET
    INDIAN ORCHARD,MA01151     		NONE PUBLIC CHARITY COVID-19 RELIEF 3,000
    THE GRAY HOUSE INC
    22 SHELDON STREET
    SPRINGFIELD,MA01107     		NONE PUBLIC CHARITY COVID-19 RELIEF 6,000
    THE KENT COUNTY FOOD PANTRY
    PO BOX 346
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY COVID-19 RELIEF 1,000
    THE NETHERLANDS RED CROSS
    PO BOX 28120
    THE HAGUE,SOUTH HOLLAND2502
    NL     		NONE PUBLIC CHARITY COVID 19 RELIEF 15,000
    THE SALVATION ARMY
    505 DALE STREET
    KINGSPORT,TN37660     		NONE PUBLIC CHARITY COVID-19 RELIEF 4,000
    TRANSITIONAL DAY PROGRAM
    313 E CHURCH ST
    MARTINSVILLE,VA24112     		NONE I SCHOLARSHIP 300
    UNITED WAY OF BRAZIL
    R DES ELISEU GUILHERME 202 - 9TH
    ANDAR-PARAISO
      SAO PAULO  
    BR     		NONE PUBLIC CHARITY COVID-19 RELIEF 10,000
    UNITED WAY OF EAST CENTRAL ALABAMA
    1505 WILMER AVE
    ANNISTON,AL36201     		NONE PUBLIC CHARITY COVID-19 RELIEF 7,000
    UNITED WAY OF KENT COUNTY
    114 S LYNCHBURG ST STE B
    CHESTERTOWN,MD21620     		NONE PUBLIC CHARITY COVID 19 RELIEF 2,500
    UNIVERSIDAD ANAHUAC DE PUEBLA SC
    AV ORION NTE SN TLAXCALANCINGO
    MAGISTERIO 2000 I
    TLAXCALANCINGO,PUEBLA72810
    MX     		NONE PUBLIC CHARITY COVID 19 RELIEF 5,000
    UNIVERSITY OF NORTH CAROLINA
    250 EAST FRANKLIN STREET
    CHAPEL HILL,NC27599     		NONE PUBLIC CHARITY COVID-19 RELIEF 2,000
    UNIVERSITY OF TENNESSEE FOUNDATION
    1525 UNIVERSITY AVENUE
    KNOXVILLE,TN37921     		NONE PUBLIC CHARITY COVID-19 RELIEF 2,000
    URBAN LEAGUE
    80 PINE STREET 9TH FLOOR
    NEW YORK,NY10005     		NONE PUBLIC CHARITY COVID-19 RELIEF 8,000
    WASHINGTON COUNTY SCHOOLS
    405 W COLLEGE ST
    JONESBOROUGH,TN37659     		NONE I SCHOLARSHIP 700
    WASHINGTON COUNTY SCHOOLS
    405 W COLLEGE ST
    JONESBOROUGH,TN37659     		NONE I SCHOLARSHIP 700
    WATERTOWN URBAN MISSION
    247 FACTORY STREET
    WATERTOWN,NY13601     		NONE PUBLIC CHARITY COVID-19 RELIEF 10,000
    WEST VIEW ELEMENTARY SCHOOL
    2847 OLD STATE ROUTE 34
    LIMESTONE,TN37681     		NONE I SCHOLARSHIP 550
    WOODLAND ELEMENTARY SCHOOL
    2303 INDIAN RIDGE RD
    JOHNSON CITY,TN37604     		NONE I SCHOLARSHIP 550
    YMCA
    1840 MEADOWVIEW PKWY
    KINGSPORT,TN37660     		NONE PUBLIC CHARITY COVID-19 RELIEF 10,000
    Total .................................bullet 3a 1,936,977
    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 ...........     		    01 172  
    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 ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL REFUND     		        1,508
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 143,958 1,508
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    145,466
    (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.)
    11 REFUND ON ?????
    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
    EASTMAN FOUNDATION
     
    Employer identification number

    62-1614800
    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
    EASTMAN FOUNDATION
          		Employer identification number
    62-1614800
    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
    EASTMAN CHEMICAL COMPANY
     
    PO BOX 511
     
    KINGSPORT, TN37662

    		$ 1,407,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    SUPPLIES FOR SOLDIERS
     
    1450 LINCOLN STREET
     
    KINGSPORT, TN37664

    		$ 20,162


    (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
    EASTMAN FOUNDATION
          		Employer identification number

    62-1614800
    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
     
    		$    
    (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
     
    		$    
    (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
    EASTMAN FOUNDATION
          		Employer identification number

    62-1614800
    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:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 22,100 16,575   0

    TY 2021 CashDeemedCharitableExplnStmt
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Explanation:
    BUDGETED AND APPROVED GRANT FUNDING FOR 2022 IS $2,907,000 WHICH MAY BE DEEMED AS HELD FOR CHARITABLE ACTIVITIES PER THE 990PF INSTRUCTIONS.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Name of Stock End of Year Book Value End of Year Fair Market Value
      1,652,522 6,141,986

    TY 2021 OtherAssetsSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND RECEIVABLE FROM RELATED PARTY 35,055 38,608 38,608


    TY 2021 OtherDecreasesSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Description Amount
    ADJUSTMENT TO BEGINNING BALANCE 60,674


    TY 2021 OtherExpensesSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 12,580 12,579   0
    PAYPAL FEES 11 11   0
    WEBSITE EXPENSES 2,253 0   0
    OFFICE EXPENSES 43 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL REFUND 1,508   1,508


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 20,371 0   0


    TY 2021 TaxesSchedule
    Name:
    EASTMAN FOUNDATION
    EIN:
    62-1614800
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 4,010 0   0