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
THE CERES FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)328 EAST BAY ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLESTON, SC29401
A Employer identification number

58-2479387
B Telephone number (see instructions)

(843) 377-0782
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$31,163,188J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 154,201 154,201  
4 Dividends and interest from securities... 578,035 578,035  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,706,763
b Gross sales price for all assets on line 6a 9,377,926
7 Capital gain net income (from Part IV, line 2)... 1,706,763
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 13,071 0  
12 Total. Add lines 1 through 11........ 2,452,070 2,438,999  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 148,557 0   148,557
14 Other employee salaries and wages...... 15,113 0   15,113
15 Pension plans, employee benefits....... 38,000 0   38,000
16a Legal fees (attach schedule)......... Click to see attachment 6,711 0   6,711
b Accounting fees (attach schedule)....... Click to see attachment 4,500 0   4,500
c Other professional fees (attach schedule).... Click to see attachment 272,322 272,322   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 30,863 20,593   99
19 Depreciation (attach schedule) and depletion... Click to see attachment 63,945 0  
20 Occupancy.............. 31,802 0   31,802
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 129,412 0   129,412
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 741,225 292,915   374,194
25 Contributions, gifts, grants paid....... 1,038,500 1,038,500
26 Total expenses and disbursements. Add lines 24 and 25 1,779,725 292,915   1,412,694
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 672,345
b Net investment income (if negative, enter -0-) 2,146,084
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............. 36,749 45,100 45,100
2 Savings and temporary cash investments......... 2,778,083 1,672,182 1,672,182
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) 205,878 Click to see attachment205,878 230,636
b Investments—corporate stock (attach schedule)....... 11,283,962 Click to see attachment11,826,418 14,343,168
c Investments—corporate bonds (attach schedule)....... 2,740,459 Click to see attachment2,802,635 2,860,230
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 7,674,132 Click to see attachment8,849,473 9,462,612
14 Land, buildings, and equipment: basis bullet2,811,582
Less: accumulated depreciation (attach schedule) bullet1,016,026 1,827,343 Click to see attachment1,795,556 1,795,556
15 Other assets (describe bullet) Click to see attachment731,607 Click to see attachment753,704 Click to see attachment753,704
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 27,278,213 27,950,946 31,163,188
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment3,467 Click to see attachment3,855
23 Total liabilities (add lines 17 through 22)......... 3,467 3,855
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........... 27,274,746 27,947,091
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........    
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)..... 27,274,746 27,947,091
30 Total liabilities and net assets/fund balances (see instructions). 27,278,213 27,950,946
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
27,274,746
2
Enter amount from Part I, line 27a .....................
2
672,345
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
27,947,091
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
27,947,091
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 RAYMOND JAMES - SHORT TERM P    
b RAYMOND JAMES - LONG TERM P    
c CAPITAL GAINS DIVIDENDS P    
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 2,238,827   2,074,356 164,471
b 6,971,373   5,596,807 1,374,566
c 167,726     167,726
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       164,471
b       1,374,566
c       167,726
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 1,706,763
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 29,831
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 29,831
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 11,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 513
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 18,944
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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)
    bulletSC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSTEPHEN GAVEL Telephone no.bullet (843) 377-0782

    Located atbullet328 EAST BAY STREETCHARLESTONSC ZIP+4bullet29401
    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)
    Yes
     
    (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
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    STEPHEN L GAVEL PRESIDENT/EXEC. DIRECTOR
    30.00     		148,557 38,000 0
    BREWTON PLANTATION
    YEMASSEE,SC29945
    FRANK GAVEL JR SECRETARY/VICE PRESIDENT
    2.00     		0 0 0
    14 WILLOW BROOK LANE
    NEWTOWN,CT06470
    LINDA GAVEL WEBB TREASURER/VICE PRESIDENT
    1.00     		0 0 0
    3861 COUNTRY CLUB ROAD
    TROUTVILLE,VA24175
    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
    EAGLE ASSET MANAGEMENT INVESTMENT MANAGEMENT 272,322
    880 CARILLON PARKWAY
    ST PETERSBURG,FL33733
    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
    25,582,345
    b
    Average of monthly cash balances.......................
    1b
    2,159,794
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    27,742,139
    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
    27,742,139
    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
    416,132
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    27,326,007
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,366,300
    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
    1,366,300
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    29,831
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    29,831
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,336,469
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,336,469
    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
    1,336,469
    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 1,336,469
    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...... 70,193
    b From 2017...... 60,770
    c From 2018...... 293,161
    d From 2019...... 193,662
    e From 2020...... 45,129
    f Total of lines 3a through e ........ 662,915
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,412,694
    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..... 1,336,469
    e Remaining amount distributed out of corpus 76,225
    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 5 739,140
    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) ...     		70,193
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		668,947
    10 Analysis of line 9:
    a Excess from 2017.... 60,770
    b Excess from 2018.... 293,161
    c Excess from 2019.... 193,662
    d Excess from 2020.... 45,129
    e Excess from 2021.... 76,225
    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
    A BETTER CHANCE
    253 WEST 35TH STREET 6TH FLOOR
    NEW YORK,NY10001     		    GENERAL FUND 25,000
    ABILITY BEYOND DISABILITY
    4 BERKSHIRE BOULEVARD
    BETHEL,CT06801     		    GENERAL FUND 5,000
    AMERICAN CANCER SOCIETY
    PO BOX 4110
    GLEN ALLEN,VA23058     		    CHALLENGE GRANT 20,000
    AMIKIDS
    60 HONEYBEE ISLAND ROAD
    SEABROOK,SC29940     		    GENERAL FUND 3,000
    AMOS HOUSE
    34 ROCKY GLEN ROAD PO BOX 509
    DANBURY,CT06810     		    GENERAL FUND 5,000
    AUDUBON SC
    336 SANCTUARY ROAD
    HARLEYVILLE,SC29448     		    EDUCATION PROGRAMS 5,000
    BARRIER ISLANDS FREE MEDICAL CLINIC
    3226 MAYBANK HIGHWAY SUITE A
    JOHNS ISLAND,SC29455     		    GENERAL FUND 3,000
    BEAUFORT MEMORIAL HOSPITAL FOUNDATION
    PO BOX 2233
    BEAUFORT,SC29901     		    GENERAL FUND 5,000
    BEST PETS
    3801 WEST 41ST AVENUE
    DENVER,CO80211     		    GENERAL FUND 5,000
    BLUE RIDGE LITERACY
    706 S JEFFERSON STREET
    ROANOKE,VA24016     		    GENERAL FUND 10,000
    BOYS FARM INC
    PO BOX 713
    NEWBERRY,SC29108     		    PER PROPOSAL 10,000
    BRADLEY FREE CLINIC
    1240 3RD STREET SW
    ROANOKE,VA24016     		    GENERAL FUND 10,000
    BRAIN INJURY SERVICES OF SW VA
    3904 FRANKLIN ROAD
    ROANOKE,VA24014     		    RED SOX EVENT 5,000
    BUSINESS & INDUSTRY FOUNDATION
    39 WEST STREET
    DANBURY,CT06810     		    GOLF TOURNAMENT 5,000
    CENTERPOINT CHURCH
    1520 REMOUNT ROAD
    NORTH CHARLESTON,SC29406     		    BUILDING FUND 5,000
    CENTER FOR HEIRS PROPERTY
    1535 SAM RITTENBURG BOULEVARD SUITE
    D
    CHARLESTON,SC29407     		    GENERAL FUND 3,000
    CHANNEL 3 KIDS CAMP
    73 TIMES FARM ROAD
    ANDOVER,CT06232     		    GENERAL FUND 5,000
    CHARLESTON AREA THERAPEUTIC RIDING
    PO BOX 146
    JOHNS ISLAND,SC29457     		    GENERAL FUND 3,000
    CHARLESTON LIBRARY SOCIETY
    164 KING STREET
    CHARLESTON,SC29401     		    GENERAL FUND 10,000
    CHILD HEALTH INVESTMENT PARTNERSHIP OF R
    1201 3RD STREET SW
    ROANOKE,VA24016     		    GENERAL FUND 10,000
    COMMUNITY SCHOOL
    7815 WILLIAMSON ROAD
    ROANOKE,VA24019     		    MEM OF DDT 25,000
    CONNECTICUT BURN CARE FOUNDATION
    601 BOSTON POST ROAD
    MILFORD,CT06460     		    GENERAL FUND 5,000
    EAST COOPER MEALS ON WHEELS
    PO BOX 583
    MT PLEASANT,SC29465     		    GENERAL FUND 5,000
    EXCEPTIONAL SIDEKICK
    3 SIMM LANE
    NEWTOWN,CT06470     		    GENERAL FUND 5,000
    FENNELL ELEMENTARY SCHOOL
    131 YEMASSEE HIGHWAY
    YEMASSEE,SC29945     		    PER PROPOSAL 40,000
    FOOD EQUALITY INITIATIVE
    300 EAST 39TH STREET
    KANSAS CITY,MO64111     		    GENERAL FUND 60,000
    FOXFIELD FARMS
    62 HUNGARY ROAD
    GRANBY,CT06035     		    GENERAL FUND 5,000
    FRIENDS OF BOCA GRANDE COMMUNITY CENTER
    PO BOX 1222
    BOCA GRANDE,FL33921     		    GENERAL FUND 5,000
    FRIENDS OF CAROLINE HOSPICE
    1110 13TH STREET
    PORT ROYAL,SC29935     		    GENERAL FUND 10,000
    FRIENDS OF DRAYTON HALL
    3380 ASHLEY RIVER ROAD
    CHARLESTON,SC29414     		    GENERAL FUND 10,000
    GIBBES MUSEUM OF ART
    135 MEETING STREET
    CHARLESTON,SC29401     		    GENERAL FUND 10,000
    GOLDEN OPPORTUNITIES
    PO BOX 3663
    NEWTOWN,CT06470     		    GENERAL FUND 10,000
    GOLDEN OPPORTUNITIES
    PO BOX 3663
    NEWTOWN,CT06470     		    GENERAL FUND 10,000
    GREEN HEART PROJECT
    759 KING STREET SUITE A
    CHARLESTON,SC29403     		    FUND A SCHOOL 10,000
    GROWFOOD CAROLINA
    900 MORRISON DRIVE PO BOX 1765
    CHARLESTON,SC29403     		    GENERAL FUND 5,000
    HARRY CHAPIN FOOD BANK
    3760 FOWLER STREET
    FORT MYERS,FL33901     		    GENERAL FUND 5,000
    HISTORIC BEAUFORT FOUNDATION
    PO BOX 11
    BEAUFORT,SC29901     		    ADVOCACY FUND 5,000
    HOLLINS UNIVERSITY
    PO BOX 9629
    ROANOKE,VA24020     		    GENERAL FUND 15,000
    INTERNATIONAL MEDICAL CORPS
    12400 WILSHIRE BOULEVARD SUITE 1500
    LOS ANGELES,CA90025     		    GENERAL FUND 10,000
    JEFFERSON CENTER
    541 LUCK AVENUE SW SUITE 221
    ROANOKE,VA24016     		    GENERAL FUND 10,000
    JUNIOR ACHIEVEMENT OF SW VA
    3433 BRAMBLETON AVENUE SW SUITE
    202B
    ROANOKE,VA24018     		    GENERAL FUND 5,000
    JUVENILE DIABETES RESEARCH GA CHAPTER
    3525 PIEDMONTH ROAD NE BLDG 6 SUITE
    300
    ATLANTA,GA30305     		    BOBBYS BAND 5,000
    KEVIN'S COMMUNITY CENTER
    25 COMMERCE ROAD
    NEWTOWN,CT06470     		    GENERAL FUND 5,000
    LACUNA CORPORATION
    328 EAST BAY STREET
    CHARLESTON,SC29401     		    GENERAL FUND 250,000
    LVA SCHOOL
    248 MAIN STREET
    DANBURY,CT06810     		    GENERAL FUND 5,000
    LOAVES AND FISHES
    PO BOX 2065
    NEW MILFORD,CT06776     		    GENERAL FUND 5,000
    LOWCOUNTRY FOOD BANK
    2864 AZALEA DRIVE
    CHARLESTON,SC29405     		    YEMASSEE AREA 5,000
    LOWCOUNTRY LAND TRUST
    635 RUTLEDGE AVENUE SUITE 107
    CHARLESTON,SC29403     		    GENERAL FUND 10,000
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		    HOW TO READ GREEN SCULPTURE 15,000
    MILL MOUNTAIN THEATRE
    ONE MARKET SQUARE SE
    ROANOKE,VA24011     		    OUTDOOR PROGRAMMING 10,000
    NATIONAL DEER ASSOCIATION
    PO BOX 160
    BOGART,GA30622     		    EDUCATION PROGRAMS 5,000
    NUVANCE HEALTH NETWORK
    24 HOSPITAL AVENUE
    DANBURY,CT06810     		    GENERAL FUND 50,000
    OPEN SPACE INSTITUTE
    1350 BROADWAY SUITE 201
    NEW YORK,NY10018     		    SLATER PROJECT 25,000
    OPEN SPACE INSTITUTE
    1350 BROADWAY SUITE 201
    NEW YORK,NY10018     		    WORK IN SC 10,000
    OPERA ROANOKE
    20 EAST CHURCH AVENUE 3RD FLOOR
    ROANOKE,VA24011     		    OUTDOOR 10,000
    POSITIVE IMPACT FOR KIDS
    10420 SABLEWOOD DRIVE UNIT 103
    RALEIGH,NC27617     		    GENERAL FUND 5,000
    PRESERVATION SOCIETY OF CHARLESTON
    PO BOX 521
    CHARLESTON,SC29402     		    GENERAL FUND 10,000
    REGIONAL YMCA OF WESTERN CT
    246 FEDERAL ROAD UNIT B21
    BROOKEFIELD,CT06804     		    GOLF TOURNAMENT 5,000
    ROANOKE BALLET THEATRE
    1318 GRANDIN ROAD SW
    ROANOKE,VA24015     		    PB&J THEATRE 2,500
    ROANOKE SYMPHONY ORCHESTRA
    128 EAST CAMPBELL AVENUE
    ROANOKE,VA24011     		    OUTDOOR PROGRAMMING 10,000
    SCIENCE MUSEUM WESTERN VA
    ONE MARKET SQUARE SE 4TH FLOOR
    ROANOKE,VA24011     		    GENERAL FUND 20,000
    SIMPLY SMILES
    1771 POST ROAD EAST
    WESTPORT,CT06880     		    GENERAL FUND 5,000
    SOUTH CAROLINA AQUARIUM
    100 AQUARIUM WHARF
    CHARLESTON,SC29401     		    EDUCATION 5,000
    SOUTH CAROLINA BATTLEGROUND PRESERVATION TRUST
    PO BOX 80668
    CHARLESTON,SC29416     		    PARKERS FERRY 5,000
    SOUTH CAROLINA COASTAL CONSERVATION LEAGUE
    131 SPRING STREET
    CHARLESTON,SC29403     		    MAPPING PROJECT 11,000
    SOUTHERN ENVIRONMENTAL LAW
    201 WEST MAIN STREET SUITE 14
    CHARLOTTESVILLE,VA22902     		    SC OFFICE 10,000
    SOUTHWEST VIRGINIA BALLET
    1005 INDUSTRY AVENUE SE BUILDING 7A
    ROANOKE,VA24013     		    OUTDOOR 20,000
    ST FRANCIS SERVICE DOGS
    8232 ENON DRIVE PO BOX 19538
    ROANOKE,VA24019     		    GENERAL FUND 10,000
    ST MARK'S EPISCOPAL CHURCH
    PO BOX 277
    FINCASTLE,VA24090     		    GENERAL FUND 20,000
    TAUBMAN MUSEUM OF ART
    110 SALEM AVENUE SE
    ROANOKE,VA24011     		    GENERAL FUND 20,000
    UNITED MINISTRIES
    606 PENDLETON STREET
    GREENVILLE,SC29601     		    GENERAL FUND 5,000
    UNIVERSITY OF CONNECTICUT MASTER GARDNER
    2390 ALUMNI DRIVE UNIT 3206
    STORRS,CT06269     		    GENERAL FUND 10,000
    VALLEY CONSERVATION COUNCIL
    PO BOX 988
    STAUNTON,VA24402     		    GENERAL FUND 10,000
    WATER MISSIONS INTERNATIONAL
    PO BOX 63320
    CHARLOTTE,NC28263     		    GENERAL FUND 3,000
    WESTMINSTER SCHOOL
    995 HOPMEADOW STREET PO BOX 337
    SIMSBURY,CT06070     		    GENERAL FUND 25,000
    Total .................................bullet 3a 1,038,500
    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 ...........     		    14 154,201  
    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 1,706,763  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 2,452,070 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,452,070
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,500 0   4,500

    TY 2021 CashDeemedCharitableExplnStmt
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Explanation:
    CASH GENERATED IN INVESTMENT ACCOUNTS IS TRANSFERRED PERIODICALLY INTO THE OPERATING ACCOUNT TO PAY ONGOING OPERATIONAL COSTS OF THE FOUNDATION.

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

    TY 2021 DepreciationSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 2003-04-15 1,407,046 638,806 SL 39.000000000000 36,078 0    
    BUILDING IMPROVEMENTS 2003-04-15 25,520 11,581 SL 39.000000000000 654 0    
    BUILDING IMPROVEMENTS 2003-08-01 329,755 146,272 SL 39.000000000000 8,455 0    
    BUILDING IMPROVEMENTS 2003-09-01 38,592 17,127 SL 39.000000000000 990 0    
    BUILDING IMPROVEMENTS 2004-01-15 6,843 2,968 SL 39.000000000000 175 0    
    BUILDING IMPROVEMENTS 2004-03-18 15,384 6,616 SL 39.000000000000 394 0    
    BUILDING IMPROVEMENTS 2004-04-01 21,684 9,290 SL 39.000000000000 556 0    
    BUILDING IMPROVEMENTS 2004-04-01 385 167 SL 39.000000000000 10 0    
    BUILDING IMPROVEMENTS 2004-04-14 24,847 10,643 SL 39.000000000000 637 0    
    BUILDING IMPROVEMENTS 2004-10-01 86,800 36,080 SL 39.000000000000 2,226 0    
    DESK 2003-05-01 7,314 7,314 200DB 10.000000000000 0 0    
    FURNITURE 2003-07-24 10,426 10,426 200DB 10.000000000000 0 0    
    STATUE OF CERES 2004-12-14 6,000 6,000 200DB 7.000000000000 0 0    
    ARTWORK 2005-07-19 19,892     0 % 0 0    
    LAND 2003-04-15 248,300   L   0 0    
    BUILDING IMPROVEMENTS 2009-05-04 7,121 2,135 SL 39.000000000000 183 0    
    BUILDING IMPROVEMENTS 2009-07-09 26,565 7,832 SL 39.000000000000 681 0    
    BUILDING IMPROVEMENTS 2009-08-13 9,740 2,854 SL 39.000000000000 250 0    
    BUILDING IMPROVEMENTS 2009-10-15 12,348 3,566 SL 39.000000000000 317 0    
    COMPUTER 2009-07-02 1,640 820 200DB 5.000000000000 0 0    
    BUILDING IMPROVEMENTS 2004-05-22 10,797 1,939 SL 39.000000000000 277 0    
    BUILDING IMPROVEMENTS 2014-08-14 16,428 2,702 SL 39.000000000000 421 0    
    BUILDING IMPROVEMENTS 2015-12-16 10,000 1,280 SL 39.000000000000 256 0    
    BUILDING IMPROVEMENTS 2016-01-06 10,000 1,280 SL 39.000000000000 256 0    
    BUILDING IMPROVEMENTS 2016-03-23 22,558 2,746 SL 39.000000000000 578 0    
    BUILDING IMPROVEMENTS 2016-06-01 35,359 4,157 SL 39.000000000000 907 0    
    BUILDING IMPROVEMENTS 2016-08-18 30,459 3,384 SL 39.000000000000 781 0    
    BUILDING IMPROVEMENTS 2016-07-28 55,667 6,303 SL 39.000000000000 1,427 0    
    BUILDING IMPROVEMENTS 2017-04-10 6,881 660 SL 39.000000000000 176 0    
    AC UNIT 2019-01-17 7,931 389 SL 39.000000000000 203 0    
    BUILDING IMPROVEMENTS 2019-02-21 47,179 2,218 SL 39.000000000000 1,210 0    
    BUILDING IMPROVEMENTS 2019-10-17 10,825 324 SL 39.000000000000 278 0    
    BUILDING IMPROVEMENTS 2020-02-06 40,431 950 SL 39.000000000000 1,037 0    
    BUILDING IMPROVEMENTS 2020-03-12 26,084 557 SL 39.000000000000 669 0    
    BUILDING IMPROVEMENTS 2020-04-16 31,047 531 SL 39.000000000000 796 0    
    BUILDING IMPROVEMENTS 2020-05-28 38,862 581 SL 39.000000000000 996 0    
    BUILDING IMPROVEMENTS 2020-07-02 31,162 400 SL 39.000000000000 799 0    
    BUILDING IMPROVEMENTS 2020-09-10 23,378 200 SL 39.000000000000 599 0    
    BUILDING IMPROVEMENTS 2020-12-17 11,259   SL 39.000000000000 289 0    
    AC UNIT 2020-02-13 6,915 163 SL 39.000000000000 177 0    
    AC UNIT 2021-09-30 2,439   SL 39.000000000000 16 0    
    BUILDING IMPROVEMENTS 2021-10-07 29,719   SL 39.000000000000 191 0    

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    LACUNA CORPORATION
          		328 EAST BAY STREET
    CHARLESTON,SC29401     		2021-09-16 250,000 THE LACUNA CORPORATION IS A 501(C)(3) ORGANIZATION FOCUSED ON LAND PRESERVATION. THE GRANT ASSISTED LACUNA CORPORATION WITH THIS MISSION. 250,000 NONE THROUGH OUT THE YEAR 2021-12-31  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Name of Bond End of Year Book Value End of Year Fair Market Value
    RAYMOND JAMES - CORPORATE BONDS 2,802,635 2,860,230

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Name of Stock End of Year Book Value End of Year Fair Market Value
    RAYMOND JAMES - CORPORATE STOCK 11,826,418 14,343,168

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    US Government Securities - End of Year Book Value:

    205,878
    US Government Securities - End of Year Fair Market Value:

    230,636
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RAYMOND JAMES - ASSET BACKED SECURITIES AT COST 1,390,812 1,411,950
    RAYMOND JAMES - OPEN-END FUNDS AT COST 4,516,980 4,680,214
    RAYMOND JAMES - EXCHANGE TRADED PRODUCTS AT COST 2,364,229 2,687,372
    RAYMOND JAMES - GOVERNMENT-SPONSORED ENTERPRISE SECURITIES AT COST 115,793 112,697
    RAYMOND JAMES - REITS AT COST 461,659 570,379

    TY 2021 LandEtcSchedule2
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 1,407,046 674,884 732,162  
    BUILDING IMPROVEMENTS 25,520 12,235 13,285  
    BUILDING IMPROVEMENTS 329,755 154,727 175,028  
    BUILDING IMPROVEMENTS 38,592 18,117 20,475  
    BUILDING IMPROVEMENTS 6,843 3,143 3,700  
    BUILDING IMPROVEMENTS 15,384 7,010 8,374  
    BUILDING IMPROVEMENTS 21,684 9,846 11,838  
    BUILDING IMPROVEMENTS 385 177 208  
    BUILDING IMPROVEMENTS 24,847 11,280 13,567  
    BUILDING IMPROVEMENTS 86,800 38,306 48,494  
    DESK 7,314 7,314 0  
    FURNITURE 10,426 10,426 0  
    STATUE OF CERES 6,000 6,000 0  
    ARTWORK 19,892 0 19,892  
    LAND 248,300 0 248,300  
    BUILDING IMPROVEMENTS 7,121 2,318 4,803  
    BUILDING IMPROVEMENTS 26,565 8,513 18,052  
    BUILDING IMPROVEMENTS 9,740 3,104 6,636  
    BUILDING IMPROVEMENTS 12,348 3,883 8,465  
    COMPUTER 1,640 1,640 0  
    BUILDING IMPROVEMENTS 10,797 2,216 8,581  
    BUILDING IMPROVEMENTS 16,428 3,123 13,305  
    BUILDING IMPROVEMENTS 10,000 1,536 8,464  
    BUILDING IMPROVEMENTS 10,000 1,536 8,464  
    BUILDING IMPROVEMENTS 22,558 3,324 19,234  
    BUILDING IMPROVEMENTS 35,359 5,064 30,295  
    BUILDING IMPROVEMENTS 30,459 4,165 26,294  
    BUILDING IMPROVEMENTS 55,667 7,730 47,937  
    BUILDING IMPROVEMENTS 6,881 836 6,045  
    AC UNIT 7,931 592 7,339  
    BUILDING IMPROVEMENTS 47,179 3,428 43,751  
    BUILDING IMPROVEMENTS 10,825 602 10,223  
    BUILDING IMPROVEMENTS 40,431 1,987 38,444  
    BUILDING IMPROVEMENTS 26,084 1,226 24,858  
    BUILDING IMPROVEMENTS 31,047 1,327 29,720  
    BUILDING IMPROVEMENTS 38,862 1,577 37,285  
    BUILDING IMPROVEMENTS 31,162 1,199 29,963  
    BUILDING IMPROVEMENTS 23,378 799 22,579  
    BUILDING IMPROVEMENTS 11,259 289 10,970  
    AC UNIT 6,915 340 6,575  
    AC UNIT 2,439 16 2,423  
    BUILDING IMPROVEMENTS 29,719 191 29,528  


    TY 2021 LegalFeesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 6,711 0   6,711


    TY 2021 OtherAssetsSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PROGRAM RELATED ARTWORK 612,000 612,000 612,000
    PENDING TRANSACTIONS 119,607 141,704 141,704


    TY 2021 OtherExpensesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 59,596 0   59,596
    INSURANCE 69,816 0   69,816


    TY 2021 OtherIncomeSchedule2
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NONDIVIDEND DISTRIBUTIONS 13,071 0 13,071


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL WITHHOLDING TAXES PAYABLE 3,467 3,855


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 272,322 272,322   0


    TY 2021 TaxesSchedule
    Name:
    THE CERES FOUNDATION INC
    EIN:
    58-2479387
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 16,983 16,983   0
    PROPERTY TAX 99 0   99
    ACCRUED INTEREST PAID 3,610 3,610   0
    EXCISE TAX 10,171 0   0