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 LOUISE R LESTER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)3130 CHAPARRAL DRIVE 108
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ROANOKE, VA24018
A Employer identification number

54-2036566
B Telephone number (see instructions)

(540) 595-7876
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$18,123,210J 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      
4 Dividends and interest from securities... 324,832 324,832  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,574,040
b Gross sales price for all assets on line 6a 8,347,645
7 Capital gain net income (from Part IV, line 2)... 1,574,040
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........ 1,898,872 1,898,872 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 87,194 4,360 0 82,834
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 21,798 1,090 0 20,708
16a Legal fees (attach schedule)......... Click to see attachment 9,926 0 0 9,926
b Accounting fees (attach schedule)....... Click to see attachment 8,793 0 0 8,793
c Other professional fees (attach schedule).... Click to see attachment 126,351 126,351 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 27,731 10,656 0 6,336
19 Depreciation (attach schedule) and depletion... Click to see attachment 698 0 698
20 Occupancy.............. 17,162 0 0 17,162
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,360 0 0 6,360
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 306,013 142,457 698 152,119
25 Contributions, gifts, grants paid....... 643,325 643,325
26 Total expenses and disbursements. Add lines 24 and 25 949,338 142,457 698 795,444
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 949,534
b Net investment income (if negative, enter -0-) 1,756,415
c Adjusted net income (if negative, enter -0-)... 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............. 119,584 129,314 129,314
2 Savings and temporary cash investments......... 989,446 619,624 619,624
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.......... 1,478 1,579 1,579
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 10,028,929 Click to see attachment9,205,028 12,021,004
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).......... 2,261,582 Click to see attachment4,395,706 5,350,463
14 Land, buildings, and equipment: basis bullet4,373
Less: accumulated depreciation (attach schedule) bullet3,147 1,924 Click to see attachment1,226 1,226
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,402,943 14,352,477 18,123,210
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........... 13,402,943 14,352,477
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)..... 13,402,943 14,352,477
30 Total liabilities and net assets/fund balances (see instructions). 13,402,943 14,352,477
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
13,402,943
2
Enter amount from Part I, line 27a .....................
2
949,534
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
14,352,477
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
14,352,477
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 BB&T SECURITIES - PUBLICLY TRADED SECURITIES P    
b BB&T SECURITIES - PUBLICLY TRADED SECURITIES P    
c BB&T SECURITIES - PUBLICLY TRADED SECURITIES P    
d TRUIST SECURITIES - PUBLICLY TRADED SECURITIES P    
e TRUIST SECURITIES - PUBLICLY TRADED SECURITIES P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 105,800   82,892 22,908
b 71,997   61,698 10,299
c 551     551
d 2,346,272   2,434,549 -88,277
e 5,793,800   4,194,466 1,599,334
29,225     29,225
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       22,908
b       10,299
c       551
d       -88,277
e       1,599,334
      29,225
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 1,574,040
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 24,414
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 24,414
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 6,720
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 19,600
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 26,320
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 38
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 1,868
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet1,868 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment....
3
Yes
 
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)
    bulletVA
    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 addressbulletLRLFOUNDATION.ORG
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (540) 595-7876

    Located atbullet3130 CHAPARRAL DRIVE 108ROANOKEVA ZIP+4bullet24018
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    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
    ELAINE R ZOPP PRESIDENT
    5.00     		0 0 0
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    BARRY ROBERTSON VICE PRESIDENT
    1.00     		0 0 0
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    J LEE OSBORNE SECRETARY
    1.00     		0 0 0
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    B J ROBERTSON EXECUTIVE DIRECTOR
    40.00     		87,194 21,798 0
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    SUZANNE R JONES DIRECTOR
    1.00     		0 0 0
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    LAURA B ROBERTSON DIRECTOR
    1.00     		0 0 0
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    LINDSEY A COLEY SECRETARY
    1.00     		0 0 0
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    16,947,120
    b
    Average of monthly cash balances.......................
    1b
    929,612
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,876,732
    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
    17,876,732
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    268,151
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    17,608,581
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    880,429
    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
    880,429
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    24,414
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,414
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    856,015
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    856,015
    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
    856,015
    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 7 856,015
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 795,444
    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..... 795,444
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		60,571
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BJ ROBERTSON EXECUTIVE DIRECTOR
    3130 CHAPARRAL DRIVE STE 108
    ROANOKE,VA24018
    (540) 595-7876
    LRLESTERFOUNDATION@GMAIL.COM
    bThe form in which applications should be submitted and information and materials they should include:
    INFORMATION ON THE LOUISE R. LESTER FOUNDATION, INC.'S GRANT PROCESS IS LOCATED ON THE FOUNDATION'S WEBSITE., WWW.LRLFOUNDATION.ORG.
    cAny submission deadlines:
    GRANT SUBMISSION DEADLINES ARE POSTED ON THE FOUNDATION'S WEBSITE AT WWW.LRLFOUNDATION.ORG.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GUIDELINES ON GRANT RESTRICTIONS AND OTHER REQUIREMENTS ARE POSTED ON THE FOUNDATION'S WEBSITE AT WWW.LRLFOUNDATION.ORG.
    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
    COMMUNITY CHRISTMAS STORE
    PO BOX 616
    SALEM,VA24153     		  PC PROVIDE NEEDY CHILDREN WITH CHRISTMAS GIFTS 7,500
    TAP (TOTAL ACTION AGAINST POVERTY)
    302 2ND ST
    ROANOKE,VA24011     		  PC TAP TAX CLINIC 10,000
    BEAFOURT CO COMMUNITY COLLEGE FOUNDATION
    5337 US HWY 264E
    WASHINGTON,NC27889     		  PC SCHOLARSHIP FUND/ENDOWMENT 30,000
    GREENBRIER COUNTY YOUTH CAMP
    PO BOX 210
    FRANKFORD,VA24938     		  PC CONSTRUCTION OUTDOOR SHELTER 30,000
    PACK-A-SNACK
    732 MAIN ST
    RAINELLE,WV25962     		  PC PROVIDE CHILDREN WITH TAKE HOME WEEKEND FOOD 3,300
    COMMUNITIES IN SCHOOLS GREENBRIER COUNTY
    1033 COURT ST NORTH
    LEWISBURG,WV24901     		  PC STUDENT SUPPORT COORDINATORS 10,000
    FIRST BAPTIST CHURCH RAINELLE FOOD PANTRY
    370 7TH ST
    RAINELLE,WV25962     		  PC GENERAL OPERATING SUPPORT OF FOOD PANTRY 10,000
    APPLE RIDGE FARM
    541 LUCK AVE STE 304
    ROANOKE,VA24016     		  PC 2021 ACADEMIC SUMMER CAMP 5,000
    WASHINGTON BEAUFOURT CO CHAMBER OF COMMERCE
    PO BOX 665
    WASHINGTON,NC27889     		  PC BRIGHT FUTURES BEAUFORT CO 10,000
    SPCA OF MARTINSVILLE HENRY CO
    132 JOSEPH MARTIN HWY
    MARTINSVILLE,VA24112     		  PC SPAY AND NEUTER CLINIC 50,000
    GODS PIT CREW
    2499 MAIN ST
    DANVILLE,VA24540     		  PC 2 HIGH STACK PALLET JACKS 10,000
    CENTER IN THE SQUARE
    20 CHURCH AVE
    ROANOKE,VA24011     		  PC VIRTUAL GET SCHOOLED PROGRAM 5,000
    LEAST OF THESE MINISTRY
    602 MARSHALL AVE
    ROANOKE,VA24011     		  PC GENERAL OPERATING FOR MINISTRY TRUCK AND OPS 2,500
    HEALING STRIDES OF VIRGINIA
    672 NAFF RD
    BOONES MILL,VA24065     		  PC OPERATING EXPENSES 30,000
    RX PARTNERSHIP
    1500 FOREST AVE STE 201
    RICHMOND,VA23229     		  PC GEN OPERATING/ACCESS TO MEDICATION PROGRAM 10,000
    RENICK COMMUNITY CENTER
    217 HUFF ST
    RENICK,WV24966     		  PC GENERAL OPERATING 16,400
    SEED SOWERS INC (FRUITS OF LABOR)
    102 YORKTOWN CT
    BEKLEY,WV25801     		  PC THE SEEDS PROJECT 15,000
    FREE CLINIC OF FRANKLIN COUNTY
    1171 FRANKLIN ST
    ROCKY MOUNT,VA24151     		  PC GENERAL OPERATING (STAFFING) 10,000
    VIRGINIA CHILDREN'S THEATER
    PO BOX 4392
    ROANOKE,VA24015     		  PC KALEIDOSCOPE PROGRAM 10,000
    MILL MOUNTAIN ZOO
    PO BOX 8159
    ROANOKE,VA24014     		  PC RED WOLVES EXHIBIT 10,000
    ROANOKE VALLEY SPCA
    1340 BALDWIN AVE
    ROANOKE,VA24012     		  PC SARA JANE & MICKEY SECOND CHANCE FUND/CARE FUND 10,000
    ST FRANCIS SERVICE DOGS
    8232 ENON DR
    ROANOKE,VA24019     		  PC FUND THE TRAINING OF A SERVICE DOG 10,000
    FRANKIE LEMMON FOUNDATION
    3101 POPLAR CT STE 100
    RALEIGH,NC27604     		  PC OUTDOOR CANOPY PROJECT 14,250
    SLEEP IN HEAVENLY PEACE NRV (SPECIAL CIR DONATION)
    150 ELDERIDGE AVE
    TWIN FALLS,ID83301     		  PC SPONSOR BUILDING OF BEDS FOR NEEDY CHILDREN 2,000
    MILL MOUNTAIN THEATER
    ONE MARKEY SQ
    ROANOKE,VA24011     		  PC YOUNG AUDIENCES PROGRAM 15,000
    ADULT CARE CENTER OF ROANOKE VALLEY
    2321 ROANOKE BLVD
    SALEM,VA24153     		  PC SUE NUTTER SCHOLARSHIP FUND/GEN OP 25,000
    GATEWAY INDUSTRIES
    787 EDGAR AVE
    RONCEVERTE,WV24970     		  PC FOOD INSECURITY FUND 10,000
    ALS SOCIETY OF DCMDVA
    8100 THREE CHOP RD STE 147
    RICHMOND,VA23229     		  PC SUPPORT ACTIVITIES IN WESTERN VA 5,000
    SHEPHERD'S CENTER GREENBRIER VALLEY
    1133 WASHINGTON ST EAST
    LEWISBURG,WV24901     		  PC SENIOR SERVICES = GENERAL PROGRAM SUPPORT 20,000
    SLEEP IN HEAVENLY PEACE
    150 ELDERIDGE AVE
    TWIN FALLS,ID83301     		  PC CONSTRUCTION OF BEDS FOR NEEDY CHILDREN 7,500
    FEEDING AMERICA SWVA
    1025 ELECTRIC RD
    SALEM,VA24153     		  PC GENERAL OPERATION/FOOD BANK DISTRIBUTION 10,000
    SECOND PRESBYTERIAN CHURCH
    214 MOUNTAIN AVE
    ROANOKE,VA24016     		  PC CAPITAL CAMPAIGN FOR NEW COMMUNITY CENTER 25,000
    AMERICAN ADVERTING FEDERATION OF ROANOKE
    PO BOX 13743
    ROANOKE,VA24036     		  PC ONE EPISODE OF BUZZ 10,000
    SALEM ROANOKE COUNTY FOOD PANTRY
    PO BOX 288
    SALEM,VA24153     		  PC SNACK BUDDIES 6,500
    CHILDREN'S ASSISTIVE TECHNOLOGY
    12801 MONETA RD
    MONETA,VA24121     		  PC GENERAL OPERATING SUPPORT 15,000
    NORTHERN GREENBRIER LATCHKEY KIDS
    PO BOX 28
    FRANKFORD,WV24938     		  PC GENERAL OPERATING SUPPORT 2,500
    YOUNG LIFE MARTINSVILLE HENRY CO
    PO BOX 3693
    MARTINSVILLE,VA24115     		  PC GENERAL OPERATING SUPPORT 10,000
    CHILDREN'S TRUST ROANOKE VALLEY
    341 LUCK AVE STE 308
    ROANOKE,VA24016     		  PC GENERAL OPERATING SUPPORT 5,000
    LOCAL OFFICE ON AGING
    PO BOX 14205
    ROANOKE,VA24038     		  PC HOMEMAKER PROGRAM 15,000
    OPEN DOOR COMMUNITY CENTER
    1240 CROWELL RD
    WASHINGTON,NC27889     		  PC GENERAL OPERATING 8,000
    RESCUE MISSION OF ROANOKE
    402 4TH ST
    ROANOKE,VA24013     		  PC RESPITE/QUARANTINE RENOVATION 25,000
    FREE OF ROANOKE
    PO BOX 8873
    ROANOKE,VA24014     		  PC GENERAL OPERATING SUPPORT 6,000
    UNITED WAY ROANOKE VALLEY
    325 CAMPBELL AVE
    ROANOKE,VA24016     		  PC SUPPORT COMMUNITY IMPACT FUND 30,000
    BRADLEY FREE CLINIC
    1240 3RD ST
    ROANOKE,VA24016     		  PC INCREASING ACCESS TO HEALTH SERVICES IN THE SPANISH-SPEAKING COMMUNITY 10,000
    GOOD SAMARITAN HOSPICE
    2408 ELECTRIC RD
    ROANOKE,VA24018     		  PC PALLIATIVE CARE PROGRAM 20,000
    RESTORATION HOUSING ROANOKE
    1116 MAIN ST STE B
    ROANOKE,VA24015     		  PC SE ROANOKE HOME RESTORATION PROJECT 10,000
    SAMARITANS PURSE (SPECIAL CIR DONATION)
    PO BOX 3000
    BOONE,NC28607     		  PC EARTHQUAKE RELIEF HAITI 2,500
    GOD'S PIT CREW (SPECIAL CIR DONATION)
    2499 MAIN ST
    DANVILLE,VA24540     		  PC HURRICANE IDA RELIEF 5,000
    GOD'S PIT CREW (SPECIAL CIR DONATION)
    2499 MAIN ST
    DANVILLE,VA24540     		  PC KY TORNADO RELIEF 2,500
    PACK-A-SNACK
    732 MAIN ST
    RAINELLE,WV25962     		  PC SUMMER FEEDING PROGRAM 3,000
    GODS PIT CREW
    2499 MAIN ST
    DANVILLE,VA24540     		  PC BLESSING BUCKETS 4,975
    SALEM AREA ECUMENICAL MINISTRIES
    825 COLORADO ST
    SALEM,VA24153     		  PC SUMMER READING AND FOOD PROGRAM 5,000
    LOCAL OFFICE ON AGING (LOA)
    PO BOX 14205
    ROANOKE,VA24038     		  PC SUMMER COOLING PROGRAM 3,900
    YOUNG LIFE MARTINSVILLEHENRY CO
    PO BOX 3693
    MARTINSVILLE,VA24115     		  PC YOUNG LIFE SUMMER CAMP 5,000
    Total .................................bullet 3a 643,325
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,574,040  
    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 1,898,872 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,898,872
    (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 LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,793 0 0 8,793

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

    TY 2021 DepreciationSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    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
    COMPUTER 2017-04-21 1,273 935 SL 5.000000000000 255 0 255  
    FURNITURE 2017-07-28 3,100 1,514 SL 7.000000000000 443 0 443  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AON PLC 24,469 36,668
    AMCOR PLC ORD USD 0.01 37,237 38,024
    BANK OF NT BUTTERFIELD & SON LTD 22,325 32,317
    ACCENTURE PLC IRELAND CLASS A NEW 20,009 70,059
    HOLLYSYS AUTOMATION TECHNOLOGIES LTD 39,293 42,902
    ALCON INC 34,813 57,325
    ASML HOLDING NV NY REGISTRY SHS NEW 2012 19,726 83,595
    FERRARI NV 33,333 55,646
    AIA GROUP LTD SPON ADR 131,933 134,974
    AIR PRODUCTS AND CHEMICALS INC 84,836 85,193
    AT&T INC 21,639 17,614
    ATLASSIAN CORPORATION PLC COM 38,088 36,604
    ABBVIE INC 67,119 118,069
    ADYEN N V 34,284 44,714
    ALBANY INTL CORP 22,248 36,972
    ALIBABA GROUP HOLDING LTD SPONS ADS 122,138 88,499
    ALPHABET INC CL C 63,289 162,041
    ALPHABET INC CL A 24,230 75,323
    ALTRIA GROUP INC 57,014 54,356
    AMADEUS IT GROUP SA ADS 30,073 33,369
    AMAZON.COM INC 84,554 180,054
    AMERICAN ELECTRIC POWER COMPANY INC 38,257 41,460
    AMGEN INC 30,458 28,796
    APPLE INC 48,014 148,271
    APPLIED MATERIALS INC 20,411 54,761
    ARMSTRONG WORLD INDUSTRIES INC 28,301 41,455
    ATLAS COPCO AB SPON ADR REPSTG COM SER A 21,011 51,771
    ARTICURE INC 28,496 34,417
    AUTODESK INC 22,687 62,143
    AUTOMATIC DATA PROCESSING INC 8,448 20,466
    AVALARA INC 26,165 27,630
    AZENTA INC COM 52,210 83,932
    BAE SYSTEMS PLC SPONSORED ADR 27,243 26,689
    BCE INC NEW 69,507 79,101
    BADGER METER INC 7,970 16,943
    BAIDU INC SPONSOR ADS 62,709 52,225
    BANK OF HAWAII CORP 54,584 54,444
    BERKSHIRE HATHAWAY INC CL B NEW 137,758 151,892
    BIOLIFE SOLUTIONS 3,528 2,460
    BIO-TECHNE CORP 29,787 48,113
    BIGCOMMERCE HLDNGS INC COM SER 1 8,070 5,164
    BLACKLINE INC 25,158 28,474
    BLACKROCK INC COM 109,492 113,529
    BOEING COMPANY 61,303 80,125
    BRISTOL MEYERS SQUIBB 37,483 39,343
    BRITISH AMERICAN TOBACCO PLC SPONS ADR 25P 51,419 44,742
    CAPRI HOLDINGS LTD COM NPV 27,076 32,650
    CDW CORP 7,080 20,478
    CSL LTD SPONSORED ADR 39,175 65,313
    CANADIAN IMPERIAL BANK COMMERCE 33,999 52,219
    CANADIAN PACIFIC RAILWAY LIMITED 27,042 59,351
    CAPITAL ONE FINANCIAL CORP 29,924 82,846
    CAREDX INC 21,679 21,467
    CHAMPIONX CORPORATION COM 27,541 20,412
    CHEESECAKE FACTORY INC 29,832 35,940
    CHEVRON CORP 106,883 119,345
    CIGNA CORP NEW COM 62,457 64,985
    CINCINNATI FINANCIAL CORP COM 54,577 50,357
    CISCO SYSTEMS, INC 72,095 130,099
    CLEAR SECURE INC COM 9,129 9,819
    COCA-COLA FENSA S.A.B 34,360 37,696
    COCA-COLA COMPANY 10,678 13,914
    COGNEX CORP 30,101 35,459
    COLGATE-PALMOLIVE COMPANY 15,541 19,970
    COMCAST CORP CL A NEW 47,071 59,238
    CONTRUCTION PARTNERS INC 18,169 22,763
    CROWN CASTLE INTL CORP 134,769 150,710
    CRYOPORT INC 28,400 46,803
    DBS GROUP HLDGS LTD SPON ADR 98,750 127,912
    DANSKE BANK A/S BEARER SHS SPON ADR 84,797 90,175
    DARLING INGREDIENTS 19,702 20,787
    DEFINITIVE HEALTHCARE CORP CLASS 4,762 2,678
    DEERE & CO 15,216 45,261
    DIAGEO ADR EACH REPR 79,798 91,138
    DIGITAL REALTY TRUST INC 12,485 17,156
    WALT DISNEY CO 54,872 62,885
    DOMINION ENERGY INC 112,160 116,033
    DSV A/S UNSPON ADR 23,421 68,315
    DUKE ENERGY CORP NEW 41,933 51,716
    ENBRIDGE INC 43,519 47,248
    ENEL SOCIETA PER AZIONI 18,623 16,290
    EVERBRIDGE INC 26,206 13,601
    EVERTEC INC 38,866 48,830
    EPAM SYS INC COM 40,868 56,150
    EXPEDITORS INTL WASH INC 17,726 42,570
    EXPERIAN PLC ADR 37,902 79,889
    EXXON MOBILE CORP 25,506 22,701
    EVOLENT HEALTH INC CL A 3,661 3,182
    EVOLUTION AB ADR 37,315 28,838
    FASTENAL COM STK 59,442 71,683
    FACTSET RESEARCH SYSTEMS FDS INC 9,758 29,161
    FIRST FINANCIAL BANKSHARES INC 36,843 49,264
    FORTIS INC 15,303 18,729
    FORGEROCK INC CL A 5,576 3,363
    FRANKLIN RESOURCES INC COM 33,576 31,715
    FRESHPET INC COM 20,560 11,623
    GENERAL MILLS INC 15,746 17,182
    GENIUS SPORTS LTD COM NPV 20,787 8,231
    GILEAD SCIENCES INC 56,553 59,831
    GLOBUS MEDICAL INC 22,222 19,783
    GRACO INC 35,039 50,146
    GUARDANT HEALTH INC 13,022 13,503
    GUIDEWIRE SOFTWARE INC 23,840 25,658
    HEALTHCARE TRUST AMERICA INC 10,022 13,189
    HEALTHEQUITY INC 35,212 20,881
    HENRY JACK & ASSOC INC 16,140 19,037
    HERC HLDINGS INC COM 25,570 37,729
    HESKA CORP 22,713 31,571
    HOULIHAN LOKEY INC CL A 36,085 59,006
    IAA INC COM 13,807 12,098
    IAC INTERACTIVE CORP 33,045 34,900
    ICON PLC ORD 34,482 61,940
    ILLUMINA INC 24,035 28,533
    INMODE LTD COM 15,149 16,516
    INSPIRE MEDICAL SYSTEMS 26,755 33,129
    INSULET CORP 19,458 22,350
    IQIYI INC SPON EACH ADS 26,895 8,231
    INTEL CORP 127,349 121,849
    INTUITIVE SURGICAL INC 16,735 35,571
    JD.COM INC SPON ADR REPSTG COM CL A 85,322 103,844
    JOHN BEAN TECHNOLOGIES 19,366 30,405
    JOHNSON & JOHNSON 76,512 93,575
    JOINT CORP COM 17,268 13,992
    JULIUS BAER GROUP LTD ADR 32,925 46,867
    KIMBERLY CLARK CORP 25,559 26,726
    KORNIT DIGITAL LTD ORD 6,991 6,090
    LVMH MOET HENNESSY LOUIS VUITTON ADR 16,468 51,589
    LANDSTAR SYSTEM INC 35,882 49,231
    LASERTEC CORP UNSPON EACH ADR 48,043 74,530
    LESLIES INC 45,736 47,604
    LIBERTY MEDIA CORP DEL COMM 46,225 67,588
    LI NING CO LTD UNSP ADR 30,569 29,011
    LOCKHEED MARTIN CORP 9,370 9,951
    LONZA GROUP AG 41,693 54,582
    LOWES COMPANIES INC 62,281 135,702
    LULULEMON ATHLETICA INC 27,505 54,412
    MGM GROWTH PROPERTIES LLC CL A 35,296 49,388
    MERCK & COMPANY INC NEW 73,141 78,249
    METTLER TOLEDO INTL INC 18,072 50,916
    META PLATFORMS INC CLASS A 97,220 182,974
    MEITUAN UNSPON ADS 77,316 61,580
    MICROSOFT CORP 35,629 168,160
    MONOLITHIC POWER SYSTEM INC 14,704 38,480
    MONSTER BEVERAGE CORP NEW 25,467 48,692
    MUENCHENER RUECKVERSICHERUNGS 30,256 33,742
    NANOSTRING TECHNOLOGIES INC 24,583 17,483
    NASPERS LTD SPON ADR REPSTG CL N SHS NEW 81,697 62,605
    NATERA INC 26,637 41,559
    NATIONAL BEVERAGE CORP 33,262 38,802
    NATIONAL GRID PLC SPON ADR NEW 2017 30,396 39,197
    NEOGEN CORP 16,730 20,616
    NESTLE S A SPON ADR REPSTG REG SHS 88,502 113,852
    NINTENDO 8 ADR 62,345 46,648
    NOAH HOLDINGS LTD 8,249 5,279
    NOVARTIS AG SPON ADR 80,710 83,971
    NOVO NORDISK AS ADR 11,078 23,968
    NORTHFOLK SOUTHRN CORP COM 93,855 100,328
    NVIDIA CORP 16,467 124,409
    ORACLE CORP 36,811 67,239
    PAYCHEX INC COM 58,142 77,396
    PPL CORP 25,492 23,056
    PAYCOM SOFTWARE INC 16,036 31,970
    PEPSICO INC 12,746 19,629
    PERNOD RICARD S A ADR 19,560 32,278
    PFIZER INC 87,314 134,103
    PHILIP MORRIS INTL INC 90,230 91,485
    PING AN INSURANCE GROUP COMPANY 111,119 96,377
    POOL CORP 33,729 40,186
    PRIMERICA INC 30,648 36,938
    PROGRESSIVE 71,308 74,216
    PROS HOLDING 27,030 20,280
    PROSPUS N V SPON ADR 61,947 59,604
    Q2 HOLDINGS INC 11,002 10,804
    QUALCOMM INC 17,378 57,421
    QUIDEL CORP 36,126 31,858
    QUOTIENT TECHNOLOGY INC 12,437 6,826
    R L I CORP 28,018 38,002
    RBC BEARINGS INC 73,358 85,029
    REGENERON PHARMACEUTICALS INC 19,490 42,943
    REGIONS FINANCIAL CORP NEW 15,285 22,759
    REPLIGEN CORP 27,289 51,379
    RESMED INC 31,673 69,548
    ROCHE HOLDINGS LIMITED SPONSORED ADR 28,132 40,619
    ROYAL BANK OF CANADA MONTREAL 14,422 17,619
    SAIA INC 21,115 20,222
    SEI INVESTMENTS CO 22,821 26,021
    SALESFORCE.COM 48,044 70,394
    SANOFI SPON ADR 48,697 52,605
    SCHLUMBERGER LTD 47,183 24,888
    SCOTTS MIRACLE-GRO CO 64,027 71,645
    SHAKE SHACK INC 17,428 19,339
    SHENZHOU INTL GROUP HLDNGS LTD 42,139 34,993
    SHOCKWAVE MEDICAL INC 24,772 32,278
    SHOPIFY INC CL A 14,780 50,963
    SIKA AG 24,069 60,673
    SITEONE LANDSCAPE SUPPLY INC 31,440 75,107
    SMARTSHEET INC 25,313 29,973
    SOUTHERN COMPANY 19,267 22,289
    SPROUT SOCIAL INC COM CL A 17,759 18,229
    STARBUCKS CORP 31,366 48,426
    STERIS PLC ORD 22,724 45,761
    SUMITOMO MIT ADR REP 1/5TH OF ORD 20,595 19,650
    TARGET CORP 89,039 89,336
    TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD SPON ADR 29,506 82,051
    TASKUS INC CLASS A COM 16,577 14,407
    TC ENERGY CORP 43,521 43,375
    TECK RESOURCES LTD 19,945 21,615
    TELUS CORP 34,917 46,244
    TERMINIX GLOBAL HOLDINGS 29,140 37,450
    TEXAS INSTRUMENTS INC 79,066 108,747
    THOR INDUSTRIES INC 45,076 56,762
    3M COMPANY 15,452 17,763
    TRUIST FINL CORP COM 35,556 37,062
    TREX CO INC 14,798 31,597
    TOTAL ENERGIES SE 23,665 24,779
    UNIFIRST CORP 14,513 18,305
    UNILEVER PLC SPONSORED ADR NEW 55,181 52,822
    UNITED PARCEL SERVICE INC CL B 95,048 97,310
    US BANCORP 26,214 27,130
    VEEVA SYSTEMS INC 22,923 25,293
    VARONIS SYSTEMS 15,224 10,536
    VIATRIS INC 60,587 54,661
    VERICEL CORP 25,707 20,357
    VERIZON COMMUNICATIONS INC 103,839 97,529
    VERTEX PHARMACEUTICALS INC 41,718 45,238
    VISA INC CL A 56,366 105,971
    VIMEO INC COMMON STOCK 28,412 25,377
    VODAFONE GROUP PLC NEW SPON ADR NO PAR 49,352 38,803
    VROOM 56,273 14,858
    WD 40 CO 28,016 37,675
    WATSCO INC CL A 46,469 66,643
    WELLS FARGO & CO NEW 108,862 143,508
    WINGSTOP INC 17,272 25,402
    WORKDAY INC 11,033 21,581
    WILLIAMS COS INC COM 27,821 28,045
    WUXI BIOLOGICS CAYMAN INC ADR 38,502 28,300
    YUM BRANDS INC 13,969 27,633
    YUM CHINA HOLDINGS INC 9,368 13,158
    ZURICH INSURANCE GROUP LTD 46,009 59,809

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LOCORR LONG/SHORT COMMODITIES STRGY AT COST 839,380 844,897
    JANUS HENDERSON GLOBAL REAL ESTATE CL I AT COST 786,334 947,210
    CONSUMER DISCRETIONARY SELECT SECTOR AT COST 37,807 74,416
    CONSUMER STAPLES SELECT SECTOR AT COST 17,339 22,825
    GLOBAL X FDS US INFR DEV ETF AT COST 23,207 36,391
    GOLDMAN SACHS ETF TR ACTIVEBETA AT COST 136,347 244,320
    HEALTH CARE SELECT SECTOR AT COST 47,773 80,871
    INDUSTRIAL SELECT SECTOR FUND AT COST 16,573 27,722
    INVESCO 000 TR UNIT AT COST 43,406 119,355
    ISHARES S&P 500 AT COST 196,380 351,542
    ISHARES TRUST CORE DIVID GROWTH AT COST 17,253 24,844
    ISHARES TRUST CORE MSCI EAFE ETF AT COST 140,048 190,556
    ISHARES TRUST DOW JONES UNITED STATES AT COST 51,946 88,817
    JP MORGAN EXCHANGE TRADED FD EQUITY AT COST 130,576 133,900
    MATERIALS SELECT SECTOR AT COST 12,545 21,384
    SELECT SECTOR SPDR TR COMMUNICATION AT COST 20,753 32,082
    SELECT SECTOR SPDR TR ENERGY AT COST 22,261 25,808
    SELECT SECTOR SPDR TRUST TECHNOLOGY AT COST 40,728 104,670
    SPDR SER TR DJ REIT ETF AT COST 11,628 17,713
    VANGUARD WORLD FDS COMM SRVC ETF AT COST 12,755 21,418
    ISHARES TR MBS ETF AT COST 82,526 85,514
    ISHARES TR 10-20 YR TRS ETF AT COST 15,599 18,253
    ISHARES TR 20 YR TR BD ETF AT COST 30,491 36,010
    SPDR PORTFOLIO AGGREGATE BOND ETF AT COST 270,035 264,892
    VANGUARD BD INDEX FDS TOTAL BOND MARKET AT COST 217,849 229,418
    VANGUARD INTERMEDIATE TERM CORPORATE AT COST 146,341 155,373
    VANGUARD SCOTTSDALE FDS INTER TERM TREAS AT COST 65,100 68,265
    VANGUARD SCOTTSDALE FDS VANGUARD AT COST 144,574 146,999
    VANGUARD SCOTTSDALE FUNDS LONG-TERM CORP AT COST 19,933 20,533
    SPDR GOLD TR GOLD SHS AT COST 798,219 914,465

    TY 2021 LandEtcSchedule2
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 1,273 1,190 83  
    FURNITURE 3,100 1,957 1,143  


    TY 2021 LegalFeesSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY FEES 9,926 0 0 9,926


    TY 2021 OtherExpensesSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 1,590 0 0 1,590
    OFFICE EXPENSE 2,535 0 0 2,535
    TELEPHONE & INTERNET 2,208 0 0 2,208
    BANK CHARGES 27 0 0 27


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 126,351 126,351 0 0


    TY 2021 TaxesSchedule
    Name:
    THE LOUISE R LESTER FOUNDATION INC
    EIN:
    54-2036566
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 10,322 10,322 0 0
    PAYROLL TAXES 6,670 334 0 6,336
    990-PF 2020 TAXES 4,019 0 0 0
    990-PF 2021 ESTIMATED TAXES 6,720 0 0 0