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 RATLIFF CHARITABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1900 CRESTWOOD BOULEVARD 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, AL35210
A Employer identification number

63-1198327
B Telephone number (see instructions)

(205) 951-4479
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$19,046,378J 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 6,712 6,712  
4 Dividends and interest from securities... 209,516 195,618  
5a Gross rents............ 73,356 73,356  
b Net rental income or (loss) -339,734
6a Net gain or (loss) from sale of assets not on line 10 2,044,802
b Gross sales price for all assets on line 6a 6,161,072
7 Capital gain net income (from Part IV, line 2)... 2,044,801
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -629,933 -405,929  
12 Total. Add lines 1 through 11........ 1,704,453 1,914,558  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 4,429 0   4,429
b Accounting fees (attach schedule)....... Click to see attachment 4,200 2,100   2,100
c Other professional fees (attach schedule).... Click to see attachment 280,768 280,768   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,175 3,239   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 455,657 413,090   42,567
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 766,229 699,197   49,096
25 Contributions, gifts, grants paid....... 1,038,700 1,038,700
26 Total expenses and disbursements. Add lines 24 and 25 1,804,929 699,197   1,087,796
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -100,476
b Net investment income (if negative, enter -0-) 1,215,361
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......... 504,206 513,452 513,452
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)....... 8,728,629 Click to see attachment8,690,367 11,613,434
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).......... 3,753,596 Click to see attachment4,394,528 6,919,492
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,986,431 13,598,347 19,046,378
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment1,006,906 Click to see attachment1,719,298
23 Total liabilities (add lines 17 through 22)......... 1,006,906 1,719,298
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 11,979,525 11,879,049
29 Total net assets or fund balances (see instructions)..... 11,979,525 11,879,049
30 Total liabilities and net assets/fund balances (see instructions). 12,986,431 13,598,347
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
11,979,525
2
Enter amount from Part I, line 27a .....................
2
-100,476
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
11,879,049
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
11,879,049
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 (TD AMERITRADE) ISHARES TRUST MBS ETF   2020-11-13 2021-02-17
b (TD AMERITRADE) ISHARES TRUST MBS ETF   2020-11-13 2021-03-12
c (TD AMERITRADE ) ISHARES TRUST MBS ETF   2020-11-13 2021-03-24
d (TD AMERITRADE) ISHARES TRUST MBS ETF     2021-04-05
e (TD AMERITRADE) ISHARES TRUST MBS ETF   2020-11-13 2021-05-14
(TD AMERITRADE) PIMCO INVESTMENTS SHORT TERM A   2020-11-13 2021-04-08
(TD AMERITRADE) PIMCO INVESTMENTS SHORT TERM A   2020-11-13 2021-07-01
(TD AMERITRADE) PIMCO INVESTMENTS SHORT TERM A     2021-10-25
(TD AMERITRADE) PIMCO INVESTMENTS SHORT TERM A   2021-05-17 2021-12-01
(TD AMERITRADE) T ROWE PRICE GLOBAL TECH INVESTOR FUNDS   2020-05-14 2021-05-14
(TD AMERITRADE) SLM CORP NOTE     2021-07-29
(TD AMERITRADE) ACCOMACK CO VA IDB BASIS ADJUSTMENT     2021-12-31
(VULCAN) APPLIED MATERIALS INC)   2021-07-22 2021-12-06
(VULCAN) CUSHMAN & WAKEFIELD     2021-12-31
(VULCAN) CUSHMAN & WAKEFIELD     2021-12-31
(VULCAN) MASTERCARD INC   2021-10-19 2021-12-14
(VULCAN) KKR & CO P 2018-06-28 2021-12-02
(VULCAN) MICROSOFT CORP   2019-11-26 2021-12-02
(VULCAN) CARLYLE GROUP INC   2020-01-22 2021-01-26
(VULCAN) CARLYLE GROUP INC   2020-01-28 2021-01-26
(VULCAN) CERENCE INC   2020-10-12 2021-01-28
(VULCAN) ALAPHABET INC   2018-10-15 2021-01-26
(VULCAN) JONES LANG LASALLE INC   2019-05-13 2021-01-27
(VULCAN) CARLYLE GROUP INC   2020-01-27 2021-02-22
(VULCAN) CARLYLE GROUP INC   2020-02-24 2021-02-22
(VULCAN) JONES LANG LASALLE INC   2018-12-11 2021-02-03
(VULCAN) JONES LANG LASALLE INC   2020-10-23 2021-02-03
(VULCAN) COMPASS GROUP PLC   2020-11-16 2021-03-31
(VULCAN) HILTON WORLDWIDE HOLDINGS   2020-03-19 2021-03-17
(VULCAN) HILTON WORLDWIDE HOLDINGS   2016-06-27 2021-03-30
(VULCAN) IBSTOCK PLC   2018-08-17 2021-03-16
(VULCAN) HILTON WORLDWIDE HOLDINGS   2016-02-08 2021-04-01
(VULCAN) JONES LANG LASALLE INC   2020-10-23 2021-04-26
(VULCAN) JONES LANG LASALLE INC   2016-12-06 2021-05-24
(VULCAN) JONES LANG LASALLE INC   2020-10-22 2021-05-24
(VULCAN) ANTHEM INC   2019-10-22 2021-06-17
(VULCAN) ANTHEM INC   2021-02-09 2021-06-17
(VULCAN) IBSTOCK PLC   2020-10-26 2021-06-22
(VULCAN) IBSTOCK PLC   2018-08-17 2021-06-22
(VULCAN) ISS A/S   2020-04-28 2021-06-17
(VULCAN) ISS A/S   2020-10-06 2021-06-17
(VULCAN) JONES LANG LASALLE INC   2016-12-06 2021-06-25
(VULCAN) NVIDIA CORP   2021-04-05 2021-06-14
(VULCAN) IBSTOCK PLC   2020-10-26 2021-07-13
(VULCAN) ISS A/S   2020-04-28 2021-07-23
(VULCAN) JONES LANG LASALLE INC   2016-11-28 2021-07-13
(VULCAN) KKR & CO   2018-07-06 2021-07-21
(VULCAN) NVIDIA CORP   2021-03-16 2021-07-19
(VULCAN) VISA INC   2021-01-28 2021-07-20
(VULCAN) ANTHEM INC   2019-10-21 2021-10-14
(VULCAN) ISS A/S   2020-10-28 2021-10-08
(VULCAN) ISS A/S   2020-03-27 2021-10-14
(VULCAN) KKR & CO   2018-06-26 2021-10-29
(VULCAN) UPSTART HOLDINGS INC   2021-06-17 2021-10-25
(VULCAN) KKR & CO   2018-06-22 2021-11-17
(VULCAN) NVIDIA CORP   2021-03-16 2021-11-10
(TD AMERITRADE) OAK ASSOCIATES RED OAK TECHNOLOGY   2017-12-22 2021-05-14
(TD AMERITRADE) OAK ASSOCIATES RED OAK TECHNOLOGY   2017-12-22 2021-07-16
(TD AMERITRADE ) T ROWE PRICE GLOBAL TECH INV   2016-08-12 2021-05-14
(TD AMERITRADE ) T ROWE PRICE GLOBAL TECH INV   2020-05-14 2021-07-16
(RJ) BLACKSTONE STRATEGIC CREDIT FD   2021-09-30 2021-11-30
(RJ) BLACKROCK SCIENCE & TECHNOLOGY     2021-09-29
(RJ) MORGAN STANLEY CHINA A SH FD   2020-12-29 2021-09-27
(RJ) TEKLA HEALTHCARE   2021-09-29 2021-10-13
(RJ) TEMPLETON DRAGON FD INC   2020-09-09 2021-08-10
(RJ) ARES DYNAMIC CR ALLOCATION FD   2020-09-09 2021-09-30
(RJ) BLACKROCK SCIENCE & TECHNOLOGY   2020-03-27 2021-09-29
(RJ) GBL REAL ESTATE INC   2020-05-27 2021-11-30
(RJ) MORGAN STANLEY CHINA A SH FD   2020-09-09 2021-09-24
(RJ) TEKLA HEALTHCARE     2021-10-13
(RJ) TEKLA HEALTHCARE   2020-07-21 2021-09-29
GRAHAM COMMERCIAL PROPERTIES - GAIN ON TERMINATION OF INTEREST P   2021-12-31
K1 PASSTHROUGH GAINS P   2021-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 49,387   49,461 -74
b 100,052   101,120 -1,068
c 43,400   43,965 -565
d 189,973   193,008 -3,035
e 100,152   102,176 -2,024
50,000   50,102 -102
100,000   100,407 -407
500,000   502,547 -2,547
450,000   453,224 -3,224
238,116   158,094 80,022
126,295   89,112 37,183
    26,732 -26,732
12,410   11,660 750
20,587   19,267 1,320
39,169   37,337 1,832
38,709   40,588 -1,879
17,606   5,813 11,793
27,016   12,469 14,547
8,388   8,534 -146
12,647   12,579 68
117,570   56,791 60,779
13,420   7,710 5,710
15,862   14,231 1,631
91,151   77,218 13,933
14,881   11,918 2,963
32,661   28,809 3,852
34,146   24,783 9,363
82,012   60,495 21,517
12,127   5,625 6,502
70,450   25,071 45,379
13,946   14,610 -664
2,668   784 1,884
7,946   4,934 3,012
8,374   4,060 4,314
18,424   9,792 8,632
39,307   27,248 12,059
61,729   48,787 12,942
20,951   16,889 4,062
42,689   40,541 2,148
34,765   22,699 12,066
40,046   26,495 13,551
99,088   49,057 50,031
23,748   18,455 5,293
19,711   16,116 3,595
80,738   48,242 32,496
41,030   20,781 20,249
144,250   64,078 80,172
54,569   40,507 14,062
52,608   43,405 9,203
175,142   116,647 58,495
28,072   17,949 10,123
109,375   70,122 39,253
78,758   24,933 53,825
378,853   130,784 248,069
80,927   25,636 55,291
142,933   64,975 77,958
400,000   245,416 154,584
50,000   28,832 21,168
161,884   87,901 73,983
50,000   29,179 20,821
69,102   70,210 -1,108
3,932   4,061 -129
5,705   5,932 -227
11,467   11,367 100
62,265   63,251 -986
70,055   54,785 15,270
28,867   12,986 15,881
26,998   16,471 10,527
52,890   55,233 -2,343
88,152   75,455 12,697
51,220   44,329 6,891
57,060   11,491 45,569
272,193     272,193
290,448     290,448
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       -74
b       -1,068
c       -565
d       -3,035
e       -2,024
      -102
      -407
      -2,547
      -3,224
      80,022
      37,183
      -26,732
      750
      1,320
      1,832
      -1,879
      11,793
      14,547
      -146
      68
      60,779
      5,710
      1,631
      13,933
      2,963
      3,852
      9,363
      21,517
      6,502
      45,379
      -664
      1,884
      3,012
      4,314
      8,632
      12,059
      12,942
      4,062
      2,148
      12,066
      13,551
      50,031
      5,293
      3,595
      32,496
      20,249
      80,172
      14,062
      9,203
      58,495
      10,123
      39,253
      53,825
      248,069
      55,291
      77,958
      154,584
      21,168
      73,983
      20,821
      -1,108
      -129
      -227
      100
      -986
      15,270
      15,881
      10,527
      -2,343
      12,697
      6,891
      45,569
      272,193
      290,448
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 2,044,801
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 16,894
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 16,894
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 14,200
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,694
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    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)
    bulletAL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCARL LESSMAN Telephone no.bullet (205) 951-4479

    Located atbullet1900 CRESTWOOD BOULEVARD SUITE 300BIRMINGHAMAL ZIP+4bullet35210
    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
    WILLIAM T RATLIFF III PRES/TREAS/DIRECTOR
    1.00     		0 0 0
    1900 CRESTWOOD BOULEVARD SUITE 300
    BIRMINGHAM,AL35210
    CARL A LESSMAN DIRECTOR
    1.00     		0 0 0
    1900 CRESTWOOD BOULEVARD SUITE 300
    BIRMINGHAM,AL35210
    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
    13,227,266
    b
    Average of monthly cash balances.......................
    1b
    472,114
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,930,576
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,629,956
    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
    19,629,956
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    294,449
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    19,335,507
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    966,775
    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
    966,775
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    16,894
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,894
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    949,881
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    949,881
    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
    949,881
    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 7 949,881
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 265,675
    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$ 1,087,796
    a Applied to 2020, but not more than line 2a 265,675
    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..... 822,121
    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 ..........     		127,760
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADELANTE ALABAMA WORKER CENTER
    2104 CHAPEL HILL ROAD
    BIRMINGHAM,AL35216     		NONE PUBLIC CHARITY SOCIAL JUSTICE 20,000
    ALAQUEST COLLABORATIVE FOR EDUCATION
    PO BOX 550241
    BIRMINGHAM,AL35255     		NONE PUBLIC CHARITY EDUCATIONAL ASSISTANCE 32,500
    BIRMINGHAM EDUCATION FOUNDATION
    901 9TH AVENUE N
    BIRMINGHAM,AL35204     		NONE PUBLIC CHARITY EDUCATIONAL 30,000
    CAHABA RIVER SOCIETY
    2717 7TH AVENUE SOUTH STE 205
    BIRMINGHAM,AL35233     		NONE PUBLIC CHARITY ENVIRONMENTAL 15,000
    DYNAMITE HILL SMITHFIELD COMMUNITY LAND FUND
    10 11TH CT N
    BIRMINGHAM,AL35204     		NONE PUBLIC CHARITY COMMUNITY SUPPORT 20,000
    ECUMENICAL MINISTRIES INC
    102 W SPRUCE AVE
    FAIRHOPE,AL36533     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 20,000
    EKVNV YEFOLECKVLKE
    PO BOX 148
    WEOGUFKA,AL35183     		NONE PUBLIC CHARITY SOCIAL/ENVIRONMENTAL 30,000
    FIRST LIGHT INC
    2230 FOURTH AVENUE NORTH
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 5,000
    FRESHWATER LAND TRUST
    2308 1ST AVENUE NORTH
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY ENVIRONMENTAL 2,500
    GIDEONS ARMY GRASSROOTS ARMY FOR CHILDREN
    600 28TH AVENUE NORTH
    NASHVILLE,TN37208     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 35,000
    GRASSROOTS INTERNATIONAL INC
    179BOYLSTON STREET 4TH FLOOR
    JAMAICA PLAIN,MA02130     		NONE PUBLIC CHARITY SOCIAL JUSTICE 25,000
    GREATER BIRMINGHAM MINISTIRES
    2304 12TH AVENUE N
    BIRMINGHAM,AL35234     		NONE PUBLIC CHARITY COMMUNITY SUPPORT 15,000
    HEARTS OF WHEELS
    616 RED LANE ROAD
    BIRMINGHAM,AL35215     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 25,000
    HIGHER PURPOSE INC
    130 DESOTO AVENUE STE 10
    CLARKSDALE,MS38614     		NONE PUBLIC CHARITY COMMUNITY SUPPORT 100,000
    HIGHLANDER RESEARCH & EDUCATION CENTER
    1959 HIGHLANDER WAY
    NEW MARKET,TN37820     		NONE PUBLIC CHARITY EDUCATIONAL 40,000
    HISPANIC INTEREST COALITION OF ALABAMA
    117 SOUTH CREST DRIVE
    BIRMINGHAM,AL35209     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 15,000
    INDIANAPOLIS MONUMENTAL MARATHON
    202 E MARKET STREET
    INDIANAPOLIS,IN46204     		NONE PUBLIC CHARITY COMMUNITY SUPPORT 5,000
    MARTHA'S TABLE
    2375 ELVANS ROAD SE
    WASHINGTON,DC20020     		NONE PUBLIC CHARITY COMMUNITY SUPPORT 5,000
    MCWANE SCIENCE CENTER
    200 19TH ST NORTH
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY EDUCATIONAL 10,000
    MITCHELL'S PLACE
    4778 OVERTON ROAD
    BIRMINGHAM,AL35210     		NONE PUBLIC CHARITY HEALTH & SOCIAL SERVICES 5,000
    OASIS COUNSELING CENTER FOR WOMEN & CHILDREN
    1900 14TH AVENUE SOUTH
    BIRMINGHAM,AL35205     		NONE PUBLIC CHARITY HEALTH & SOCIAL SERVICES 35,000
    REVERSE THE CYCLE OF INCARCERATION
    PO BOX 90338
    EAST POINT,GA30364     		NONE PUBLIC CHARITY SOCIAL JUSTICE 25,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    2829 2ND AVENUE SOUTH STE 282
    BIRMINGHAM,AL35233     		NONE PUBLIC CHARITY SOCIAL JUSTICE 2,500
    SPRING VALLEY SCHOOL FOUNDATION
    2701 SYDNEY DRIVE
    BIRMINGHAM,AL35211     		NONE PUBLIC CHARITY EDUCATIONAL 30,000
    THE FOUNDRY MINISTRIES
    1804 6TH AVE N
    BESSEMER,AL35020     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 5,000
    THE TENDER FOUNDATION
    448 RALPH DAVID ABERNATHY BLVD
    ATLANTA,GA30312     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 5,000
    TRANSGENDER ADVOCATES KNOWLEDGE EMPOWERING
    1032 15TH ST NW
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY SOCIAL JUSTICE 75,000
    UNITED METHODIST CHILDRENS HOME
    3140 ZELDA ROAD
    MONTGOMERY,AL36106     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 30,000
    WIREGRASS HABITAT FOR HUMANITY
    2086 MONTGOMERY HWY
    DOTHAN,AL36303     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 15,000
    YMCA JUNIUS WARD JOHNSON MEMORIAL
    267 YMCA PLACE
    VICKSBURG,MS39180     		NONE PUBLIC CHARITY COMMUNITY SUPPORT 10,000
    YOUTH TOWERS INC
    601 19TH STREET NORTH
    BIRMINGHAM,AL35203     		NONE SOCIAL ASSISTANCE SOCIAL ASSISTANCE 27,500
    MCRAE LEARNING CENTER INC
    2601 MARIE FOSTER ST
    SELMA,AL36703     		NONE PUBLIC CHARITY EDUCATIONAL 95,000
    MOVE GULF COAST COMMUNITY DEVELOPMENT
    3223 SPRING HILL AVENUE
    MOBILE,AL36607     		NONE PUBLIC CHARITY COMMUNITY SUPPORT 100,000
    ATLANTA CHILDREN'S SHELTER INC
    607 PEACHTREE ST NE
    ATLANTA,GA30308     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 3,100
    COVENANT HOUSE GEORGIA INC
    1559 JOHNSON RD NW
    ATLANTA,GA30318     		NONE   SOCIAL ASSISTANCE 2,000
    FAMILY YMCA-YWCO OF THE CSRA
    1058 CLAUSSEN RD STE 100
    AUGUSTA,GA30907     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 10,000
    VESTAVIA HILLS CITY SCHOOLS FOUNDATION
    905 MONTGOMERY HWY STE 201
    VESTAVIA HILLS,AL35216     		NONE PUBLIC CHARITY EDUCATIONAL 1,100
    BIRMINGHAM ZOO INC
    2630 CAHABA ROAD
    BIRMINGHAM,AL35223     		NONE PUBLIC CHARITY COMMUNITY SUPPORT 5,000
    FOUNDATION FOR LOUISIANA
    4354 S SHERWOOD BLVD STE 100
    BATON ROUGE,LA70816     		NONE PUBLIC CHARITY COMMUNITY SUPPORT 5,000
    FIRST HELP INC
    3465 S ARLINGTON RD STE E 160
    AKRON,OH44312     		NONE PUBLIC CHARITY SOCIAL AWARENESS 7,500
    ALABAMA ARISE
    400 S UNION ST 340
    MONTGOMERY,AL36104     		NONE PUBLIC CHARITY SOCIAL AWARENESS & ASSISTANCE 15,000
    THE WOMEN'S FUND OF GREATER BIRMINGHAM
    2201 5TH AVE S STE 110
    BIRMINGHAM,AL35223     		NONE PUBLIC CHARITY SOCIAL ASSISTANCE 10,000
    RED MOUNTAIN THEATRE COMPANY
    1600 3RD AVENUE S
    BIRMINGHAM,AL35233     		NONE PUBLIC CHARITY EDUCATIONAL 10,000
    A EDUCATION PAERTNERSHIP
    1230 1ST AVENUE N
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY EDUCATIONAL 5,000
    NEW LIFE CHRISTIAN SCHOOL OF EXCELLENCE
    1622 7TH AVENUE N
    BESSEMER,AL35020     		NONE PUBLIC CHARITY EDUCATIONAL 15,000
    ALABAMA JUSTICE INITIATIVE
    2012 26TH AVENUE N
    BIRMINGHAM,AL35234     		NONE PUBLIC CHARITY SOCIAL JUSTICE 15,000
    FUND FOR SOUTHERN COMMUNITIES
    4153-C FLAT SHOALS PKWY STE 314
    DECATUR,GA30034     		NONE PUBLIC CHARITY COMMUNITY SUPPORT 5,000
    INQUIRING SYSTEMS INC
    887 SONOMA AVENUE 23
    SANTA ROSA,CA95404     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    HAND IN PAW INC
    617 38TH STREET S
    BIRMINGHAM,AL35222     		NONE PUBLIC CHARITY HEALTH AND SOCIAL ASSISTANCE 5,000
    GRAVES COUNTY BOARD OF EDUCATION
    2290 KY-121
    MAYFIELD,KY42066     		NONE PUBLIC CHARITY EDUCATIONAL 5,000
    Total .................................bullet 3a 1,038,700
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 6,712  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 -339,734  
    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 2,044,802  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK1 JAX WESTSIDE BW LLC     		523000 -53,350      
    bK1 GRAHAM CAPITAL FUND I LLC 523000 -21,857      
    cK1 STERLING REAL ESTATE FUND II LP 523000 -71,009      
    dK1 STERLING SELF STORAGE FUND IV LP 523000 -108,402      
    eK1 STONERIVER INVESTMENT FUND II LLC 523000 -3,128      
    fK1 FORAGER FUND     14 -440  
    gK1 FOUR MILE COVE     14 -448,567  
    hK1 FORTRESS SPECIAL OPPTY ASP FUND 523000 33,742      
    12 Subtotal. Add columns (b), (d), and (e) .. -224,004 1,515,367 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,291,363
    (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 RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 4,200 2,100   2,100

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS HELD - TD AMERITRADE 3,731,501 4,878,205
    INVESTMENTS HELD - VULCAN VALUE PARTNERS LLC 3,929,568 5,412,954
    INVESTMENTS HELD - RAYMOND JAMES 1,029,298 1,322,275

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN GRAHAM CAPITAL FUND I AT COST 165,506 211,531
    INVESTMENT IN INDEPENDENCE PLAZA PARTNERS AT COST 328,616 400,000
    INVESTMENT IN MAXEX LLC AT COST 250,000 250,000
    INVESTMENTS HELD - WELLS FARGO AT COST 813,754 988,916
    INVESTMENT IN BIRMINGHAM FINANCIAL CENTER LLC AT COST 132,462 350,000
    INVESTMENT IN SEER CAPITAL COMMERCIAL REAL ESTATE DEBT FD I AT COST 160,694 203,560
    INVESTMENT IN CRAYHILL PRINCIPAL STRATEGIES PARALLEL FD AT COST 120,213 142,441
    INVESTMENT IN ARCH LAKEWOOD ON HENDERSON LP AT COST 146,344 300,000
    INVESTMENT IN STERLING SELF STORAGE FUND IV AT COST 0 230,538
    INVESTMENT IN STERLING REAL ESTATE FUND II LP AT COST 250,611 500,000
    INVESTMENT IN MONTICELLO INVESTOR LLC AT COST 87,023 350,000
    INVESTMENT IN CG LAKE MARY LLC AT COST 300,000 300,000
    INVESTMENT IN FORAGER FUND LP AT COST 525,874 768,783
    INVESTMENT IN BROOKWOOD CENTER BW LLC AT COST 333,203 366,000
    INVESTMENT IN JAX WESTSIDE BW LLC AT COST 166,362 250,000
    INVESTMENT IN MAGMA VIKING DFW I INVESTOR LLC AT COST 297,041 300,000
    INVESTMENT IN STONERIVER INVESTMENT FUND II AT COST 66,825 92,921
    INVESTMENT IN MUNTERS BW LLC AT COST 250,000 250,000
    INVESTMENT IN FOUR MILE COVE HOLDING LLC AT COST 0 250,000
    INVESTMENT IN STERLING ELEVATION 3505 LLC AT COST 0 250,000
    INVESTMENT IN STERLING SELF STORAGE FUND III AT COST 0 164,802

    TY 2021 LegalFeesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 4,429 0   4,429


    TY 2021 OtherExpensesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 39,996 0   39,996
    BANK CHARGES 471 0   471
    CONFERENCES/EDUCATION 2,100 0   2,100
    NET RENTAL LOSS 22,575 22,575   0
    OTHER DEDUCTIONS K1 15,611 15,611   0
    NET RENTAL LOSS 22,619 22,619   0
    NET RENTAL LOSS 20,116 20,116   0
    NET RENTAL LOSS 2,957 2,957   0
    NET RENTAL LOSS 79,530 79,530   0
    NET RENTAL LOSS 249 249   0
    NET RENTAL LOSS 23,550 23,550   0
      182,302 182,302   0
      7,631 7,631   0
    NET RENTAL LOSS 3,153 3,153   0
    NET RENTAL LOSS 32,797 32,797   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PORTFOLIO INCOME 25 25 25
    K1 OTHER PORTFOLIO INCOME 43,053 43,053 43,053
    K1 JAX WESTSIDE BW LLC -53,350   -53,350
    K1 GRAHAM CAPITAL FUND I LLC -21,857   -21,857
    K1 STERLING REAL ESTATE FUND II LP -71,009   -71,009
    K1 STERLING SELF STORAGE FUND IV LP -108,402   -108,402
    K1 STONERIVER INVESTMENT FUND II LLC -3,128   -3,128
    K1 FORAGER FUND -440 -440 -440
    K1 FOUR MILE COVE -448,567 -448,567 -448,567
    K1 FORTRESS SPECIAL OPPTY ASP FUND 33,742   33,742


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFICIT CAPITAL FOUR MILE COVE HOLDING LLC 954,781 1,403,348
    DEFICIT CAPITAL STERLING ELEVATION 3505 LLC 15,014 32,954
    DEFICIT CAPITAL STERLING SELF STORAGE III LP 37,111 250,376
    DEFICIT CAPITAL STERLING SELF STORAGE FUND IV 0 32,620


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES & EXPENSE 254,242 254,242   0
    K-1 PORTFOLIO DEDUCTIONS 26,526 26,526   0


    TY 2021 TaxesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES RAYMOND JAMES 328 328   0
    FOREIGN TAXES TD AMERITRADE 2,623 2,623   0
    FOREIGN TAXES FROM K1S 238 238   0
    LICENSES AND FEES 50 50   0
    EXCISE TAXES 17,936 0   0