Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

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
Westmeath Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

46-1350014
B Telephone number (see instructions)

(800) 839-1754
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$75,526,542J 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) 381,041
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,536 2,536  
4 Dividends and interest from securities... 3,200,000 3,200,000  
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).......      
12 Total. Add lines 1 through 11........ 3,583,577 3,202,536  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 15,000     15,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 45,600      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 101     101
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 104,716 92   104,624
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 165,417 92   119,725
25 Contributions, gifts, grants paid....... 1,775,959 1,775,959
26 Total expenses and disbursements. Add lines 24 and 25 1,941,376 92   1,895,684
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,642,201
b Net investment income (if negative, enter -0-) 3,202,444
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......... 248,141 1,390,342 1,390,342
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).......      
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).......... 63,013,500 Click to see attachment63,013,500 73,636,200
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment500,000 Click to see attachment500,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 63,261,641 64,903,842 75,526,542
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 63,261,641 64,903,842
29 Total net assets or fund balances (see instructions)..... 63,261,641 64,903,842
30 Total liabilities and net assets/fund balances (see instructions). 63,261,641 64,903,842
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
63,261,641
2
Enter amount from Part I, line 27a .....................
2
1,642,201
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
64,903,842
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
64,903,842
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  
3 Add lines 1 and 2........................... 3 44,514
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 44,514
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 42,157
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,400
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 45,557
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 124
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 10 919
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet919 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletDE
    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 Click to see attachment.............
    11
    Yes
     
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Wendy BircherClick to see attachment Dir, Sec*, Pres
    1.0     		5,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Michael J FinneyClick to see attachment Pres*, Dir, Sec
    8.0     		5,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Kathy L KellenaersClick to see attachment Dir, VP
    1.0     		5,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    Foundation Source Administrative 102,971
    55 Walls Drive 3rd Fl
    FAIRFIELD,CT06824
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 TO PROVIDE FUNDING TO SUPPORT THE CONSTRUCTION OF AFFORDABLE HOUSING SOLD TO THOSE LIVING IN THE TARGET GEOGRAPHY, HOUSEHOLDS EARNING 60-120% OF AREA MEDIAN INCOME. 500,000
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet500,000
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    981,416
    c
    Fair market value of all other assets (see instructions)................
    1c
    73,636,200
    d
    Total (add lines 1a, b, and c).........................
    1d
    74,617,616
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    74,617,616
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,119,264
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    73,498,352
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,674,918
    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
    3,674,918
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    44,514
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    44,514
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,630,404
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,630,404
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    3,630,404
    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 3,630,404
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017...... 1,301,621
    c From 2018...... 869,892
    d From 2019...... 99,399
    e From 2020......  
    f Total of lines 3a through e ........ 2,270,912
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,395,684
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 2,395,684
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 1,234,720 1,234,720
    (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 1,036,192
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		1,036,192
    10 Analysis of line 9:
    a Excess from 2017.... 66,901
    b Excess from 2018.... 869,892
    c Excess from 2019.... 99,399
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    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
    4 THE CHILDREN
    129 COUNTY RD 250
    DURANGO,CO81301     		N/A PC General Operating Funds and Program Expansion 10,000
    A Durr
    36215 Highway 160
    Mancos,CO81328     		NONE I Hardship Assistance Grant 6,500
    A SANCTUARY FOR MILITARY FAMILIES INC DBA PROJECT
    PO BOX 1563
    GRANBY,CO80446     		N/A PC Therapeutic Retreats for at-risk military families 15,000
    ALLIANCE FOR CHOICE IN EDUCATION
    5251 DTC PKWY STE 1150
    GREENWOOD VILLAGE,CO80111     		N/A PC General & Unrestricted 2,000
    ANNIES ORPHANS
    1630 COUNTY RD 214
    DURANGO,CO81303     		N/A PC to the shelter for food and supplies 2,000
    BIG BROTHERS BIG SISTERS OF SOUTHWEST COLORADO
    PO BOX 2154
    DURANGO,CO81302     		N/A PC General & Unrestricted 20,000
    BIG BROTHERS-BIG SISTERS OF CENTRAL NEW MEXICO - S
    308 N LOCKE AVE
    FARMINGTON,NM87401     		N/A PC Farmington Area School Initiative 15,000
    BLUE STAR MOTHERS OF AMERICA INC
    PO BOX 917
    FLORA VISTA,NM87415     		N/A PC Active Duty Warriors, Veterans and Gold Star Family Support Services 5,000
    BLUE STAR MOTHERS OF AMERICA INC
    PO BOX 917
    FLORA VISTA,NM87415     		N/A PC Wall that Heals fund 5,000
    BOYS & GIRLS CLUB OF FARMINGTON
    1925 POSITIVE WAY
    FARMINGTON,NM87401     		N/A PC General & Unrestricted 20,000
    BOYS AND GIRLS CLUB OF LA PLATA COUNTY INC
    2750 MAIN AVE
    DURANGO,CO81301     		N/A PC General & Unrestricted 15,000
    BUILDING HOMES FOR HEROES INC
    4584 AUSTIN BLVD
    ISLAND PARK,NY11558     		N/A PC General & Unrestricted 5,000
    C Whitaker
    3 Rd 3624
    Aztec,NM87410     		NONE I Hardship Assistance Grant 5,000
    CHILDHAVEN INC
    807 W APACHE ST
    FARMINGTON,NM87401     		N/A PC General & Unrestricted 37,500
    CHILDRENS HOSPITAL COLORADO
    13123 E 16TH AVE BOX 045
    AURORA,CO80045     		N/A PC Telehealth Initiative between Pediatric Partners of the Southwest and Children's hospital 147,147
    CHILDRENS HOSPITAL COLORADO
    13123 E 16TH AVE BOX 045
    AURORA,CO80045     		N/A PC Team Durango Derailers 5,000
    CHILDRENS HOSPITAL COLORADO
    13123 E 16TH AVE BOX 045
    AURORA,CO80045     		N/A PC School Health COVID-19 ECHO support 68,242
    COLORADO 4-H FOUNDATION INC - LA PLATA COUNTY 4-H
    2500 MAIN AVE
    DURANGO,CO81301     		N/A PC La Plata County 4-H Project 30,000
    COLORADO 4H FOUNDATION INC
    4040 CAMPUS DELIVERY
    FORT COLLINS,CO80523     		N/A PC Montezuma County 4H Youth Development 15,000
    COMMUNITY CONNECTIONS INC
    281 SAWYER DR STE 200
    DURANGO,CO81303     		N/A PC For youth programs 1,000
    DENVER EARTH RESOURCES LIBRARY
    730 17TH ST
    DENVER,CO80202     		N/A PC General & Unrestricted 37,500
    DISABLED SPORTS USA - ADAPTIVE SPORTS ASSOCIATION
    PO BOX 1884
    DURANGO,CO81302     		N/A PC Organizational Support- Adaptive Sports Association 35,000
    DURANGO ARTS CENTER INC
    802 E 2ND AVE
    DURANGO,CO81301     		N/A PC need based assistance program for the After School Art Program 1,000
    DURANGO DEVO
    10 TOWN PLZ 110
    DURANGO,CO81301     		N/A PC to be used to help kids that need some help with the program, bikes, etc. 1,000
    DURANGO SCHOOL DISTRICT NO 9-R
    201 EAST 12TH ST
    DURANGO,CO81301     		N/A GOV used to help with the Special Needs programs/equipment 2,000
    ECONOMIC COUNCIL HELPING OTHERS INC
    1921 E MURRAY DR
    FARMINGTON,NM87401     		N/A PC Children's food backpack program 5,000
    EDGEWATER COLLECTIVE
    2483 OTIS CT
    EDGEWATER,CO80214     		N/A PC Jefferson Success Academy After School Program 10,000
    FAMILY CRISIS CENTER
    208 E APACHE ST
    FARMINGTON,NM87401     		N/A PC Marge's Place Protective Shelter for victims and child witnesses/victims of domestic violence 25,000
    FORT LEWIS COLLEGE FOUNDATION
    1000 RIM DR
    DURANGO,CO81301     		N/A PC Physics & Engineering Student Success Center 16,000
    FORT LEWIS COLLEGE FOUNDATION
    1000 RIM DR
    DURANGO,CO81301     		N/A PC Westmeath Foundation Scholarship Fund 10,000
    FOUR CORNERS EQUINE RESCUE
    22 RD 3334
    AZTEC,NM87410     		N/A PC To be used for FEED program 5,000
    FOUR CORNERS EQUINE RESCUE
    22 RD 3334
    AZTEC,NM87410     		N/A PC Fencing 2 acres on Road 3332 12,500
    FOUR CORNERS EQUINE RESCUE
    22 RD 3334
    AZTEC,NM87410     		N/A PC Purchase Feed 37,500
    FOUR CORNERS FOUNDATION INC
    PO BOX 5160
    FARMINGTON,NM87499     		N/A PC New Beginning, New Blessings, New Hope Summer Campaign 10,000
    FRIENDS OF THE SILVERTON PUBLIC LIBRARY INCORPORAT
    PO BOX 232
    SILVERTON,CO81433     		N/A PC to be used for kids programs/books 1,000
    GRACE PLACE FOR WOMEN INC
    4801 N BUTLER AVE STE 3102
    FARMINGTON,NM87401     		N/A PC For support of families with children. 2,000
    HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC20002     		N/A PC General & Unrestricted 15,000
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		N/A PC General & Unrestricted 22,500
    HOUSES WITH HOPE INC
    PO BOX 47
    FARMINGTON,NM87499     		N/A PC General & Unrestricted 2,000
    HUMANE SOCIETY OF THE FOUR CORNERS
    PO BOX 1420
    AZTEC,NM87410     		N/A PC To provide assistance to the shelter for food and supplies 2,000
    IGW CHILDRENS HOPE FOUNDATION INC
    1503 SCHOFIELD LN
    FARMINGTON,NM87401     		N/A PC Family Care and Support Services 50,000
    IGW CHILDRENS HOPE FOUNDATION INC
    1503 SCHOFIELD LN
    FARMINGTON,NM87401     		N/A PC For support of medical care for children in the Four Corners area 2,000
    IGW CHILDRENS HOPE FOUNDATION INC
    1503 SCHOFIELD LN
    FARMINGTON,NM87401     		N/A PC General & Unrestricted 2,500
    INSPIRE HEART INC
    5700 RINCONADA ST
    FARMINGTON,NM87402     		N/A PC Salary for counselor 25,000
    INSPIRE HEART INC
    5700 RINCONADA ST
    FARMINGTON,NM87402     		N/A PC Art Outreach program 10,000
    INSPIRE HEART INC
    5700 RINCONADA ST
    FARMINGTON,NM87402     		N/A PC Lion's heart program 20,000
    INSPIRE HEART INC
    5700 RINCONADA ST
    FARMINGTON,NM87402     		N/A PC General & Unrestricted 5,000
    ITS MY VERY OWN BAGS OF LOVE SAN JUAN CHAPTER
    7320 TUSCANY WAY
    FARMINGTON,NM87402     		N/A PC General & Unrestricted 2,000
    J Rico
    3701 N Melrose Dr
    Farmington,NM87401     		NONE I Hardship Assistance Grant 6,500
    KNOW THE SNOW
    1467 COUNTY RD 303
    DURANGO,CO81303     		N/A PC Youth Avalanche Courses 3,000
    KNOW YOUR DOUGH
    3710 MAIN AVE STE 101
    DURANGO,CO81301     		N/A PC Financial Literacy Program Expansion 4,000
    LA PLATA COUNTY COWBELLES
    1081 COUNTY RD 121
    HESPERUS,CO81326     		N/A PC La Plata - Archuleta Cattleman's association scholarship program 5,000
    LA PLATA COUNTY HUMANE SOCIETY
    1111 S CAMINO DEL RIO
    DURANGO,CO81303     		N/A PC to the shelter for food and supplies 2,000
    LA PLATA YOUTH SERVICES INC
    2490 MAIN AVE
    DURANGO,CO81301     		N/A PC The Community-in-Schools Partnership (CISP) Program 30,000
    LA PLATA YOUTH SERVICES INC
    2490 MAIN AVE
    DURANGO,CO81301     		N/A PC General Operating 30,000
    LIBERTY SCHOOL INC
    3107 WESTERN AVE
    DURANGO,CO81301     		N/A PC General Scholarship Fund 15,000
    LIBERTY SCHOOL INC
    3107 WESTERN AVE
    DURANGO,CO81301     		N/A PC Increase Tutor wages & new hire 25,000
    LISA PARKERS PUPPIES
    PO BOX 4438
    DURANGO,CO81302     		N/A PC General & Unrestricted 2,000
    MANNA-THE DURANGO SOUP KITCHEN
    PO BOX 1196
    DURANGO,CO81302     		N/A PC childrens' back pack program, or for other kids' needs 1,000
    MINDS MATTER
    PO BOX 48162
    DENVER,CO80204     		N/A PC Minds Matter College Access Mentoring Program 25,000
    MONTROSE REGIONAL LIBRARY DISTRICT
    302 S 2ND ST
    MONTROSE,CO81401     		N/A GOV General & Unrestricted 1,000
    MONTROSE REGIONAL LIBRARY DISTRICT
    302 S 2ND ST
    MONTROSE,CO81401     		N/A GOV the Naturita Public Library for kids projects 1,000
    MONTROSE REGIONAL LIBRARY DISTRICT
    302 S 2ND ST
    MONTROSE,CO81401     		N/A GOV for the benefit of Naturita Community Library 6,000
    N Sossaman
    11980 E 16th Ave Apt 319
    Aurora,CO80010     		NONE I Hardship Assistance Grant 5,000
    NEW MEXICO BOYS & GIRLS RANCHES
    6209 HENDRIX RD NE
    ALBUQUERQUE,NM87110     		N/A PC Four Corner Resident Placement Costs 30,000
    NEW MEXICO FOUNDATION FOR DENTAL HEALTH RESEARCH A
    PO BOX 16854
    ALBUQUERQUE,NM87191     		N/A PC Give Kids a Smile (GKAS) and NM Mission of Mercy (NM MOM) 15,790
    NEW MEXICO STATE UNIVERSITY FOUNDATION INC
    PO BOX 3590
    LAS CRUCES,NM88003     		N/A PC Innoventure Challenge 4,500
    PARADOX VALLEY SCHOOL
    PO BOX 420
    PARADOX,CO81429     		N/A PC General Operating Fund with a focus on student interest programs 5,000
    PARADOX VALLEY SCHOOL
    PO BOX 420
    PARADOX,CO81429     		N/A PC General & Unrestricted 1,000
    PEOPLE ASSISTING THE HOMELESS INC
    520 HYDRO PLANT RD
    FARMINGTON,NM87401     		N/A PC PATH Shelter and Housing Programs 30,000
    PRESBYTERIAN MEDICAL SERVICES
    1422 PASEO DE PERALTA
    SANTA FE,NM87501     		N/A PC Roundtree Children's Developmental Services 5,000
    R Adams
    24 Country Road 3323
    Aztec,NM87410     		None I Hardship Assistance Grant 5,000
    REGIONAL ANIMAL SHELTER FOUNDATION INC
    PO BOX 692
    FARMINGTON,NM87499     		N/A PC General & Unrestricted 15,000
    REGIONAL ANIMAL SHELTER FOUNDATION INC
    PO BOX 692
    FARMINGTON,NM87499     		N/A PC to the shelter for food and supplies 2,000
    REGIONAL ANIMAL SHELTER FOUNDATION INC
    PO BOX 692
    FARMINGTON,NM87499     		N/A PC for the Food Program 1,000
    RIO GRANDE COMMUNITY DEVELOPMENT CORPORATION
    318 ISLETA BLVD SW
    ALBUQUERQUE,NM87105     		N/A PC Camp Enchantment New Mexico 30,000
    RONALD MCDONALD HOUSE CHARITIES OF NEW MEXICO
    1011 YALE BLVD NE
    ALBUQUERQUE,NM87106     		N/A PC General & Unrestricted 1,000
    S Deal
    2204 Cherry Lane
    Farmington,NM87401     		NONE I Hardship Assistance Grant 6,500
    S Hudson
    2658 Wren Ave 314
    Farmington,NM87401     		NONE I Hardship Assistance Grant 5,000
    SALVATION ARMY
    319 W BROADWAY
    FARMINGTON,NM87401     		N/A PC the Angel Tree Program or other programs in need that serve families with children 2,000
    SAMARITANS PURSE
    PO BOX 3000
    BOONE,NC28607     		N/A PC General & Unrestricted 2,000
    SAN JUAN CENTER FOR INDEPENDENCE INC
    1204 SAN JUAN BLVD
    FARMINGTON,NM87401     		N/A PC SJCI Youth Wellness 10,000
    SAN JUAN COLLEGE FOUNDATION
    4601 COLLEGE BLVD
    FARMINGTON,NM87402     		N/A SO III FI CLEAR program at San Juan College 26,300
    SAN JUAN COLLEGE FOUNDATION
    4601 COLLEGE BLVD
    FARMINGTON,NM87402     		N/A SO III FI San Juan College Veteran Center Improvement project 25,000
    SAN JUAN COLLEGE FOUNDATION
    4601 COLLEGE BLVD
    FARMINGTON,NM87402     		N/A SO III FI Science Fair Funding 5,480
    SAN JUAN COLLEGE FOUNDATION
    4601 COLLEGE BLVD
    FARMINGTON,NM87402     		N/A SO III FI Food Security Projects at the Harvest Food Hub 25,000
    SAN JUAN COUNTY LIFE SKILLS FOUNDATION
    PO BOX 360
    KIRTLAND,NM87417     		N/A PC First Tee Jr Academy Programs 20,000
    SAN JUAN MEDICAL FOUNDATION INC
    PO BOX 110
    FARMINGTON,NM87499     		N/A PC Building Wings Children's Fund 100,000
    SAN MIGUEL COUNTY
    PO BOX 486
    NORWOOD,CO81423     		N/A GOV San Miguel Basin Fair 5,000
    SAN MIGUEL RESOURCE CENTER
    PO BOX 3243
    TELLURIDE,CO81435     		N/A PC West End Victim Services and Youth Prevention Education 10,000
    SEXUAL ASSAULT SERVICES OF NORTHWEST NEW MEXICO IN
    622 W MAPLE ST STE F
    FARMINGTON,NM87401     		N/A PC General Support for Children 7,500
    SHRINERS HOSPITALS FOR CHILDREN
    2900 N ROCKY POINT DRIVE
    TAMPA,FL33607     		N/A PC General & Unrestricted 15,000
    SPECIAL OLYMPICS NEW MEXICO INC
    6600 PALOMAS AVE NE STE 207
    ALBUQUERQUE,NM87109     		N/A PC Special Olympics Area 1 25,000
    SPECIAL OLYMPICS NEW MEXICO INC
    6600 PALOMAS AVE NE STE 207
    ALBUQUERQUE,NM87109     		N/A PC in support of Farmington, District 1 2,500
    SPRING CREEK HORSE RESCUE
    2888 COUNTY RD 234
    DURANGO,CO81301     		N/A PC Fencing and other capital improvements and Feed for the horses 32,000
    SPRING CREEK HORSE RESCUE
    2888 COUNTY RD 234
    DURANGO,CO81301     		N/A PC To be used for FEED 5,000
    SPRING CREEK HORSE RESCUE
    2888 COUNTY RD 234
    DURANGO,CO81301     		N/A PC General & Unrestricted 18,000
    ST JUDE CHILDRENS RESEARCH HOSPITAL INC
    501 ST JUDE PL
    MEMPHIS,TN38105     		N/A PC General & Unrestricted 15,000
    STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION
    2361 HYLAN BLVD
    STATEN ISLAND,NY10306     		N/A PC Fallen First Responder Home Program 100,000
    T Lewis
    8659 Hwy 550 Apt 29
    Durango,CO81303     		NONE I Hardship Assistance Grant 5,000
    T Pontine
    1998 CR 308
    Durango,CO81303     		NONE I Hardship Assistance Grant 5,000
    TELLURIDE ADAPTIVE SKI PROGRAM
    PO BOX 2254
    TELLURIDE,CO81435     		N/A PC General Operating Support 30,000
    TELLURIDE COUNCIL FOR THE ARTS AND HUMANITIES
    PO BOX 152
    TELLURIDE,CO81435     		N/A PC kids programs thru WE-ART in Naturita, Colorado 1,000
    TELLURIDE FOUNDATION
    PO BOX 4222
    TELLURIDE,CO81435     		N/A PC West End Apprenticeship Program 25,000
    THE NEW MEXICO 4-H YOUTH DEVELOPMENT FOUNDATION
    PO BOX 30003 MSC 3AE
    LAS CRUCES,NM88003     		N/A PC San Juan County 4-H Youth Development Program 30,000
    THE POWERHOUSE
    1333 CAMINO DEL RIO
    DURANGO,CO81301     		N/A PC kids STEM programs 1,000
    THE SALVATION ARMY
    2707 E VAN BUREN ST
    PHOENIX,AZ85008     		N/A PC Human Service and Christmas Angels Programming-Farmington Corps 17,000
    UNIVERSITY OF NEW MEXICO FOUNDATION INCORPORATED
    TWO WOODWARD CTR 700 LOMAS BLVD NE
    ALBUQUERQUE,NM87102     		N/A PC NicView by Natus 78,000
    YAVAPAI REHABILITATION CENTER
    436 N WASHINGTON AVE
    PRESCOTT,AZ86301     		N/A PC General & Unrestricted 2,000
    YOUNG AMERICA'S FOUNDATION
    11480 COMMERCE PARK DR STE 600
    RESTON,VA20191     		N/A PC Reagan Ranch 15,000
    Total .................................bullet 3a 1,775,959
    bApproved for future payment
    Total .................................bullet 3b  
    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 2,536  
    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: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   3,202,536  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,202,536
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    46-1350014
    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
    Westmeath Foundation
          		Employer identification number
    46-1350014
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Estate of Elliott A Riggs
    Riggs Oil Gas Corp PO Box 711
     
    Farmington, NM87499

    		$ 380,939


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    46-1350014
    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
    Westmeath Foundation
          		Employer identification number

    46-1350014
    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 CompensationExplanation
    Name:
    Westmeath Foundation
    EIN:
    46-1350014
    Person Name Explanation
    Wendy Bircher *Resigned from position in 2021.
    Michael J Finney *Resigned from position in 2021.

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

    TY 2021 DepreciationSchedule
    Name:
    Westmeath Foundation
    EIN:
    46-1350014
    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

    TY 2021 GeneralExplanationAttachment
    Name:
    Westmeath Foundation
    EIN:
    46-1350014
    Identifier Return Reference Explanation
    Part VI-A, Line 11A FORM 990-PF, PART VI-A, LINE 11A: EXPLANATION OF TRANSFER FROM CONTROLLED ENTITY THE ONLY CASH TRANSFER WAS AN $3,200,000 DIVIDEND PAYMENT FROM THE TRANSFEROR. THE TRANSFEROR IS NOT AN EXCESS BUILDING HOLDING OF THE FOUNDATION.

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Westmeath Foundation
    EIN:
    46-1350014
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RIGGS OIL & GAS CORP (CL B)   63,013,500 73,636,200

    TY 2021 OtherAssetsSchedule
    Name:
    Westmeath Foundation
    EIN:
    46-1350014
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PRI - RURAL HOMES LLC - 0.5% -   500,000 500,000


    TY 2021 OtherExpensesSchedule
    Name:
    Westmeath Foundation
    EIN:
    46-1350014
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 102,878     102,878
    Bank Charges 92 92    
    Foundation Dues & Memberships 500     500
    Indemnification Insurance 750     750
    Postage/Delivery Service 204     204
    State or Local Filing Fees 35     35
    Website Hosting/Support 257     257


    TY 2021 TaxesSchedule
    Name:
    Westmeath Foundation
    EIN:
    46-1350014
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2021 41,800      
    990-PF Extension for 2020 3,800      


    TY 2021 TransfersFrmControlledEntities
    Name:
    Westmeath Foundation
    EIN:
    46-1350014
    Name US /
    Foreign Address    		 EIN Description Amount
    Riggs Oil & Gas Corporation PO Box 247
    HUMBOLDT,AZ863290247     		85-0200918 SEE GENERAL EXPLANATION 3,200,000
    Total     3,200,000