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
Henry P and Susan C Crowell Trust
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 804358
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL60680
A Employer identification number

36-6038028
B Telephone number (see instructions)

(312) 630-6000
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$134,163,248J 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... 1,688,302 1,688,302  
5a Gross rents............ 32,491 32,491  
b Net rental income or (loss) 32,491
6a Net gain or (loss) from sale of assets not on line 10 8,192,162
b Gross sales price for all assets on line 6a 22,561,353
7 Capital gain net income (from Part IV, line 2)... 8,192,162
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,742,245 1,714,390  
12 Total. Add lines 1 through 11........ 11,655,200 11,627,345  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 677,221 320,332   356,889
14 Other employee salaries and wages...... 149,364 0   149,364
15 Pension plans, employee benefits....... 53,616 1,030   52,586
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 27,864 13,932   13,932
c Other professional fees (attach schedule).... Click to see attachment 2,100 0   2,100
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 83,148 9,615   378
19 Depreciation (attach schedule) and depletion... 12,067 12,067  
20 Occupancy.............. 54,156 0   54,156
21 Travel, conferences, and meetings....... 2,768 0   2,768
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 876,531 834,492   42,039
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,938,835 1,191,468   674,212
25 Contributions, gifts, grants paid....... 3,954,233 3,954,233
26 Total expenses and disbursements. Add lines 24 and 25 5,893,068 1,191,468   4,628,445
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,762,132
b Net investment income (if negative, enter -0-) 10,435,877
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......... 3,664,533 72,923 72,923
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) 4,163,690 Click to see attachment3,001,546 2,933,446
b Investments—corporate stock (attach schedule)....... 35,407,920 Click to see attachment40,890,694 55,700,123
c Investments—corporate bonds (attach schedule)....... 11,387,245 Click to see attachment10,191,868 10,465,451
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 38,903,351 Click to see attachment51,624,628 64,989,529
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment1,776 Click to see attachment1,776
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 93,526,739 105,783,435 134,163,248
Liabilities 17 Accounts payable and accrued expenses.......... 101 1,877
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)......... 101 1,877
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........ 93,526,638 105,781,558
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 93,526,638 105,781,558
30 Total liabilities and net assets/fund balances (see instructions). 93,526,739 105,783,435
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
93,526,638
2
Enter amount from Part I, line 27a .....................
2
5,762,132
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,492,788
4
Add lines 1, 2, and 3 ..........................
4
105,781,558
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
105,781,558
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 387.3 shares DFA US L/C VALUE PORTFOLIO   2019-12-04 2021-02-04
b 16.87 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-10-13
c 16.83 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-12-31
d 16.96 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-02-11
e 16.95 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-03-11
16.94 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-04-14
16.92 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-05-13
16.91 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-06-11
16.9 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-07-14
16.89 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-08-12
16.88 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-09-14
16.86 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-11-12
16.85 shares MAF GLOBAL EMERGING MARKETS GROWTH FUND   2021-01-04 2021-12-13
36390.1 shares MFB NORTHERN MULTI MANAGER GLOBAL LISTEDINFRASTRUCTURE FUND   2021-06-01 2021-11-03
7437.51 shares MFB NORTHERN MULTI MANAGER GLOBAL LISTEDINFRASTRUCTURE FUND   2019-11-05 2021-11-03
2000 shares MFC FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM NAT RES INDEX FD   2013-08-13 2021-02-05
2600 shares MFC ISHARES INC ESG AWARE MSCI EM ETF   2020-10-21 2021-02-05
11800 shares MFC ISHARES INC ESG AWARE MSCI EM ETF   2020-10-21 2021-11-12
4127.68 shares MFO AQR INTERNATIONAL MOMENTUM STYLE-R6   2021-02-03 2021-05-10
21900.43 shares MFO AQR INTERNATIONAL MOMENTUM STYLE-R6   2020-09-04 2021-05-10
9.77 shares MFO AQR INTERNATIONAL MOMENTUM STYLE-R6   2021-05-26 2021-06-02
9332.39 shares MFO AQR INTERNATIONAL MOMENTUM STYLE-R6   2020-09-04 2021-06-02
6097.88 shares MFO AQR INTERNATIONAL MOMENTUM STYLE-R6   2013-11-15 2021-06-02
7374.63 shares MFO AQR INTERNATIONAL MOMENTUM STYLE-R6   2013-11-15 2021-11-10
821.36 shares MFO AQR LARGE CAP MOMENTUM STYLE R6   2021-02-03 2021-06-02
840.83 shares MFO AQR LARGE CAP MOMENTUM STYLE R6   2021-05-26 2021-06-02
828.9 shares MFO AQR LARGE CAP MOMENTUM STYLE R6   2020-09-04 2021-06-02
1108.39 shares MFO AQR LARGE CAP MOMENTUM STYLE R6   2020-09-04 2021-06-02
15049.9 shares MFO AQR LARGE CAP MOMENTUM STYLE R6   2020-09-04 2021-06-02
833.38 shares MFO AQR LARGE CAP MOMENTUM STYLE R6   2020-09-04 2021-06-02
4213.92 shares MFO AQR LARGE CAP MOMENTUM STYLE R6   2020-12-22 2021-06-02
9030.61 shares MFO AQR LARGE CAP MOMENTUM STYLE R6   2013-11-13 2021-11-03
14530.48 shares MFO AQR LARGE CAP MOMENTUM STYLE R6   2020-12-22 2021-11-03
6675.57 shares MFO AQR LARGE CAP MOMENTUM STYLE R6   2013-11-13 2021-11-10
1446.13 shares MFO DFA INVESTMENT DIMENSIONS GROUP INC US SMALL CAP   2019-11-05 2021-02-04
1005.23 shares MFO DFA INVESTMENT DIMENSIONS GROUP INC US SMALL CAP   2021-06-01 2021-11-03
1307.62 shares MFO DFA INVT DIMENSIONS GROUP INC U S CORE EQUITY 1 PORT   2021-02-03 2021-11-03
1468.05 shares MFO DFA INVT DIMENSIONS GROUP INC U S CORE EQUITY 1 PORT   2021-03-30 2021-11-03
1435.88 shares MFO DFA INVT DIMENSIONS GROUP INC U S CORE EQUITY 1 PORT   2021-06-29 2021-11-03
1686.97 shares MFO DFA INVT DIMENSIONS GROUP INC U S CORE EQUITY 1 PORT   2021-09-29 2021-11-03
13232.39 shares MFO DFA INVT DIMENSIONS GROUP INC U S CORE EQUITY 1 PORT   2013-11-13 2021-11-03
16124.7 shares MFO DFA INVT DIMENSIONS GROUP INC U S CORE EQUITY 1 PORT   2013-11-13 2021-11-10
47483.38 shares MFO GOLDMAN SACHS TR ABSOLUTE RETURN TRACKER FD CL I ABSOLUT   2021-05-06 2021-06-02
1758.71 shares MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL   2021-02-03 2021-06-02
2.47 shares MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL   2021-03-31 2021-06-02
2151.31 shares MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL   2020-07-28 2021-06-02
1951.74 shares MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL   2020-09-04 2021-06-02
26275.46 shares MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL   2019-11-05 2021-06-02
854.7 shares MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL   2020-11-17 2021-06-02
1946.21 shares MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL   2020-12-30 2021-06-02
8710.8 shares MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL   2019-11-05 2021-11-03
6846.97 shares MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL   2019-11-05 2021-11-10
25000 shares NT COMMON SHORT TERM INVT FD   2021-11-01 2021-11-02
175 shares NT COMMON SHORT TERM INVT FD   2021-11-01 2021-11-03
643449.65 shares NT COMMON SHORT TERM INVT FD   2021-11-01 2021-11-04
940383.92 shares NT COMMON SHORT TERM INVT FD   2021-11-03 2021-11-04
125 shares NT COMMON SHORT TERM INVT FD   2021-11-01 2021-11-09
1609616.08 shares NT COMMON SHORT TERM INVT FD   2021-11-03 2021-11-12
75 shares NT COMMON SHORT TERM INVT FD   2021-11-09 2021-11-12
869552.44 shares NT COMMON SHORT TERM INVT FD   2021-11-10 2021-11-12
606284.24 shares NT COMMON SHORT TERM INVT FD   2021-11-01 2021-11-15
45.57 shares NT COMMON SHORT TERM INVT FD   2021-11-04 2021-11-15
21286.91 shares NT COMMON SHORT TERM INVT FD   2021-11-10 2021-11-15
1232423.26 shares NT COMMON SHORT TERM INVT FD   2021-11-12 2021-11-15
185000 shares NT COMMON SHORT TERM INVT FD   2021-11-10 2021-11-23
17832.72 shares NT COMMON SHORT TERM INVT FD   2021-11-10 2021-11-24
166300 shares NT COMMON SHORT TERM INVT FD   2021-11-12 2021-11-24
5225.35 shares NT COMMON SHORT TERM INVT FD   2021-11-12 2021-11-29
71277.64 shares NT COMMON SHORT TERM INVT FD   2021-11-12 2021-11-30
12094.83 shares NT COMMON SHORT TERM INVT FD   2021-11-12 2021-12-03
175 shares NT COMMON SHORT TERM INVT FD   2021-11-12 2021-12-08
180820 shares NT COMMON SHORT TERM INVT FD   2021-11-10 2021-12-10
2876.4 shares NT COMMON SHORT TERM INVT FD   2021-11-12 2021-12-21
14199.49 shares NT COMMON SHORT TERM INVT FD   2021-11-10 2021-12-27
137461.79 shares NT COMMON SHORT TERM INVT FD   2021-11-12 2021-12-27
123.7 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-01-29 2021-06-03
275.59 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-02-04 2021-06-03
121.37 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-05-29 2021-06-03
146.23 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-06-30 2021-06-03
2457.62 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-07-28 2021-06-03
139.13 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-07-31 2021-06-03
118.71 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-08-31 2021-06-03
739.54 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-09-08 2021-06-03
122.27 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-09-30 2021-06-03
137.28 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-10-30 2021-06-03
2622.19 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-11-18 2021-06-03
124.4 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-11-30 2021-06-03
1743.53 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-12-30 2021-06-03
147.61 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2020-12-31 2021-06-03
2698.59 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-02-04 2021-06-09
114.47 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-02-04 2021-11-03
116.53 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-02-26 2021-11-03
138.69 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-03-31 2021-11-03
124.13 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-04-30 2021-11-03
1086.92 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2010-05-21 2021-11-03
119.05 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-05-28 2021-11-03
130.36 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-06-30 2021-11-03
111.66 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-07-30 2021-11-03
107.32 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-08-31 2021-11-03
100.65 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-09-30 2021-11-03
107.23 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2021-10-29 2021-11-03
1793.95 shares NTGI-QM COMMON DAILY AGGREGATE BOND INDEX FUND - NON-LENDING   2010-05-21 2021-11-10
Long-term gain/loss from partnerships   2020-12-31 2021-12-31
Short-term gain/loss from partnerships   2021-01-02 2021-12-31
Other gain/loss on investment funds   2020-12-31 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 15,000   15,229 -229
b 1,840   1,791 49
c 1,776   1,786 -10
d 1,841   1,800 41
e 1,842   1,799 43
1,770   1,798 -28
1,832   1,796 36
1,903   1,795 108
1,927   1,794 133
1,831   1,793 38
1,920   1,792 128
1,875   1,790 85
1,760   1,788 -28
498,180   500,000 -1,820
101,820   95,275 6,545
67,434   66,160 1,274
117,694   97,221 20,473
498,631   441,231 57,400
79,293   75,000 4,293
420,707   347,997 72,710
190   187 3
181,328   148,291 33,037
118,482   95,845 22,637
150,000   115,911 34,089
20,797   20,000 797
21,290   21,130 160
20,988   20,216 772
28,064   27,033 1,031
381,064   367,367 13,697
21,101   20,325 776
106,696   98,774 7,922
268,299   186,485 81,814
431,701   340,594 91,107
200,000   137,853 62,147
60,000   50,354 9,646
50,000   48,352 1,648
47,846   40,000 7,846
53,716   47,286 6,430
52,539   49,366 3,173
61,726   58,470 3,256
484,173   211,851 272,322
600,000   258,156 341,844
500,000   496,201 3,799
50,334   50,000 334
71   69 2
61,570   60,000 1,570
55,859   55,000 859
752,004   682,899 69,105
24,462   24,000 462
55,701   55,000 701
250,000   226,394 23,606
200,000   177,953 22,047
25,000   25,000 0
175   175 0
643,450   643,450 0
940,384   940,384 0
125   125 0
1,609,616   1,609,616 0
75   75 0
869,552   869,552 0
606,284   606,284 0
46   46 0
21,287   21,287 0
1,232,423   1,232,423 0
185,000   185,000 0
17,833   17,833 0
166,300   166,300 0
5,225   5,225 0
71,278   71,278 0
12,095   12,095 0
175   175 0
180,820   180,820 0
2,876   2,876 0
14,199   14,199 0
137,462   137,462 0
13,715   14,042 -327
30,556   31,232 -676
13,457   13,938 -481
16,213   16,800 -587
272,488   285,861 -13,373
15,426   16,182 -756
13,162   13,665 -503
81,996   85,220 -3,224
13,557   14,038 -481
15,221   15,647 -426
290,735   300,286 -9,551
13,793   14,281 -488
193,314   200,181 -6,867
16,366   16,928 -562
300,000   305,821 -5,821
12,679   12,999 -320
12,908   13,001 -93
15,362   15,285 77
13,749   13,779 -30
120,394   113,911 6,483
13,187   13,214 -27
14,439   14,555 -116
12,368   12,584 -216
11,887   12,033 -146
11,149   11,162 -13
11,877   11,861 16
200,000   188,008 11,992
4,512,499     4,512,499
491,445     491,445
35,043     35,043
1,899,811     1,899,811
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       -229
b       49
c       -10
d       41
e       43
      -28
      36
      108
      133
      38
      128
      85
      -28
      -1,820
      6,545
      1,274
      20,473
      57,400
      4,293
      72,710
      3
      33,037
      22,637
      34,089
      797
      160
      772
      1,031
      13,697
      776
      7,922
      81,814
      91,107
      62,147
      9,646
      1,648
      7,846
      6,430
      3,173
      3,256
      272,322
      341,844
      3,799
      334
      2
      1,570
      859
      69,105
      462
      701
      23,606
      22,047
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      -327
      -676
      -481
      -587
      -13,373
      -756
      -503
      -3,224
      -481
      -426
      -9,551
      -488
      -6,867
      -562
      -5,821
      -320
      -93
      77
      -30
      6,483
      -27
      -116
      -216
      -146
      -13
      16
      11,992
      4,512,499
      491,445
      35,043
      1,899,811
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 8,192,162
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........................... 3 145,059
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- ..... 5 145,059
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 57,200
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 57,200
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 87,859
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletIL
    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 addressbulletwww.crowelltrust.org
    14
    The books are in care ofbulletThe Northern Trust Company Telephone no.bullet (312) 630-6000

    Located atbulletPO Box 804358ChicagoIL ZIP+4bullet60680
    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)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Paul Borthwick Secretary
    18.00     		37,420 0 0
    1800 Office Club Point Ste 2200
    Colorado Springs,CO80920
    The Northern Trust Company Trustee
    40.00     		306,408 0 0
    1800 Office Club Point Ste 2200
    Colorado Springs,CO80920
    Jane Overstreet Trustee
    18.00     		37,420 0 0
    1800 Office Club Point Ste 2200
    Colorado Springs,CO80920
    John Robinson Chairman
    18.00     		37,420 0 0
    1800 Office Club Point Ste 2200
    Colorado Springs,CO80920
    John Lewis Treasurer
    18.00     		37,420 0 0
    1800 Office Club Point Ste 2200
    Colorado Springs,CO80920
    Candace Sparks Executive Director
    40.00     		183,713 10,300 0
    1800 Office Club Point Ste 2200
    Colorado Springs,CO80920
    Thomas Lin Vice-chairman
    18.00     		37,420 0 0
    1800 Office Club Point Ste 2200
    Colorado Springs,CO80920
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    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
    124,288,471
    b
    Average of monthly cash balances.......................
    1b
    1,119,994
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    125,408,465
    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
    125,408,465
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,881,127
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    123,527,338
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    6,176,367
    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
    6,176,367
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    145,059
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    9,844
    c
    Add lines 2a and 2b............................
    2c
    154,903
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,021,464
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,021,464
    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
    6,021,464
    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 6,021,464
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 4,076,826
    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$ 4,628,445
    a Applied to 2020, but not more than line 2a 4,076,826
    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..... 551,619
    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 ..........     		5,469,845
    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:
    Henry P Susan C Crowell Trust
    1880 Office Club Pointe Suite 2200
    Colorado Springs,CO80920
    (719) 272-8300
    bThe form in which applications should be submitted and information and materials they should include:
    See Footnote
    cAny submission deadlines:
    See Footnote
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    See Footnote
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A Family For Every Orphan
    3110 Woburn St 101
    Bellingham,WA98226     		None PC General Fund 30,000
    A Middle East And North Africa Association For Theological Education Fisca
    420 Montgomery St
    San Francisco,CA94105     		None PC General Fund 20,000
    Acts Ministry Fiscal Sponsor Trustbridge Global Foundation
    150 2Nd Ave N
    St Petersburg,FL33701     		None PC General Fund 15,000
    Africa Newday
    2500 E Imperial Highway Ste 170
    Brea,CA92821     		None PC General Fund 15,000
    Agape International Missions
    2510 Douglas Blvd
    Roseville,CA95661     		None PC General Fund 30,000
    All Nations International Inc
    PO Box 2400
    Brea,CA92822     		None PC General Fund 26,000
    Anugraha Aradhana Sewakai Sanstha
    1010 W Baptist Road
    Colorado Springs,CO80921     		None PC General Fund 10,000
    Arab Baptist Theological Seminary (ABTS)
    2454 Jett Ferry Rd
    Dunwoody,GA30338     		None PC General Fund 100,000
    Authentic Intimacy
    2926 State Rd 129
    Cuyahoga Falls,OH44223     		None PC General Fund 1,500
    Bangui Evangelical School Of Theology (BEST) FATEB
    29000 S Western Ave
    Rancho Palos Verdes,CA90275     		None PC General Fund 150,000
    Bethlehem Bible Collge
    2610 E Commona St
    New Braunfels,TX78130     		None PC General Fund 40,000
    Bible Students Fellowship of Bangladesh-DAI Fiscal Sponsor
    817 Village Center Dr
    Colorado Springs,CO80921     		None PC General Fund 100,000
    Bijoy Inter-Church Ministries Trust
    1010 W Baptist Road
    Colorado Springs,CO80921     		None PC General Fund 10,000
    Calvary Ministries-Capro USA
    344 Montrose Ave
    Laurel,MD20707     		None PC General Fund 40,000
    Christianity Today
    10 South Dearborn St
    Chicago,IL60603     		None PC General Fund 20,000
    Christians for Biblical Equality
    2100 University Ave West
    St Paul,MN55103     		None PC General Fund 35,000
    Congo Initiative
    PO Box 27025
    Richmond,VA23261     		None PC General Fund 45,000
    Development Associates International
    1010 W Baptist Rd
    Colorado Springs,CO80921     		None PC General Fund 200,000
    Development Associates International
    1010 W Baptist Rd
    Colorado Springs,CO80921     		None PC General Fund 5,000
    Development Associates International
    1010 W Baptist Rd
    Colorado Springs,CO80921     		None PC General Fund 3,500
    Development Associates International
    1010 W Baptist Rd
    Colorado Springs,CO80921     		None PC General Fund 500
    Dream Centers Of Colorado Springs
    101 N Cascade Ave
    Colorado Springs,CO80903     		None PC General Fund 28,000
    Echo Inc
    200 West Second Street
    WinstonSalem,NC27101     		None PC General Fund 30,000
    ECTA International
    5676 Indian Paint Run
    Littleton,CO80125     		None PC General Fund 2,000
    Edify
    3535 Del Mar Heights Rd
    San Diego,CA92130     		None PC General Fund 50,000
    Elam Ministries
    12412 Powerscourt Dr
    St Louis,MO63131     		None PC General Fund 100,000
    Emit
    955 West Imperal Hwy
    Brea,CA92821     		None PC General Fund 15,000
    Engineering Ministries International
    402 N Tejon St
    Colorado Springs,CO80917     		None PC General Fund 45,000
    English Language InstituteChina
    955 W Imperial Highway
    Brea,CA92822     		None PC General Fund 40,000
    Evangelical Theological Seminary In Cairo
    222 Broadway
    New York,NY10038     		None PC General Fund 30,000
    Every Generation Ministries
    955 W Imperial Highway Suite 100
    Brea,CA92821     		None PC General Fund 30,000
    Freedom To Lead International
    3500 West Millbrook Road
    Raleigh,NC27613     		None PC General Fund 20,000
    Friends of Agape to Education for All
    2790 Briargate Blvd
    Colorado Springs,CO80920     		None PC General Fund 15,000
    Friends Of Forman Christian College
    3020 Peachtree Road
    NW Atlanta,GA30305     		None PC General Fund 80,000
    Fuller Theological Seminary
    9300 Flair Drive 4th Floor
    El Monte,CA91731     		None PC General Fund 200,000
    Harvesters Reaching The Nations
    401 W George Bush Freeway Ste 101
    Richardson,TX75080     		None PC General Fund 25,000
    HimserveECTA International
    200 North Public Rd
    Lafayette,CO80026     		None PC COVID Relief 15,000
    Hispanic Ministry Center Inc Dba Urban Youth Workers Institute
    955 W Imperial Hwy
    Brea,CA92821     		None PC General Fund 25,000
    Hollywood Prayer Network
    PO Box 2400
    Brea,CA92822     		None PC General Fund 20,000
    Hope International
    1507 Manheim Pike
    Lancaster,PA17604     		None PC General Fund 50,000
    Hope4Mena
    PO Box 150097
    Lakewood,CO80215     		None PC General Fund 55,000
    Hope4Mena
    PO Box 150097
    Lakewood,CO80215     		None PC General Fund 5,400
    Impact France
    1100 Peachtree Street Suite 200
    Atlanta,GA30309     		None PC General Fund 2,000
    International Council For Evangelical Theological Education (ICETE)
    955 W Imperial Highway Ste 100
    Brea,CA92821     		None PC General Fund 10,000
    International Fellowship For Mission As Transformation Infemit
    7003 Hilltop Road
    Upper Darby,PA19082     		None PC General Fund 20,000
    International Fellowship Of Evangelical Students
    1275 Village Ridge Pt
    Monumen,CO80132     		None PC General Fund 40,000
    International Justice Mission
    One Park Place
    Atlanta,GA30303     		None PC General Fund 40,000
    Intervarsity Christian Fellowship
    2870 Holmgren Way
    Green Bay,WI04304     		None PC General Fund 125,000
    Langham Partnership USA (Formerly John Stott Ministries)
    120 East Wesley Street
    Wheaton,IL60187     		None PC General Fund 50,000
    Lebanese Society For Educational And Social Development (Lsesd)
    2454 Jett Ferry Rd
    Dunwoody,GA30338     		None PC General Fund 40,000
    Life In Abundance Intl
    3677 E Foothills Blvd
    Pasadena,CA91107     		None PC General Fund 80,000
    Life In Abundance Intl
    3678 E Foothills Blvd
    Pasadena,CA91107     		None PC General Fund 1,500
    Lifewater International
    4464 Broad Street
    St Luis Obispo,CA93401     		None PC General Fund 50,000
    Media Associates International
    PO Box 94033
    Palatine,IL60094     		None PC General Fund 40,000
    Media Impact Int'l
    1936 Autumn Dr
    Keller,TX76262     		None PC General Fund 3,000
    Military Community Youth Ministries
    955 W Imperial Hwy
    Brea,CA92821     		None PC General Fund 30,000
    Miracle Connect Usa
    222 Broadwa
    New York,NY10038     		None PC General Fund 40,000
    Mission Aviation Fellowship
    255 N Lone Hill Ave
    San Dimas,CA91773     		None PC General Fund 85,000
    Morning Star Development
    3505 Austin Bluffs Parkway
    Colorado Springs,CO80919     		None PC General Fund 90,000
    NOVO
    955 W Imperial Hwy
    Brea,CA92821     		None PC General Fund 15,000
    NYC International Project
    2195 Frederick Douglass Blvd
    New York,NY10026     		None PC General Fund 40,000
    Operation Agape
    2790 Briargate Blvd
    Colorado Springs,CO80920     		None PC General Fund 60,000
    Operation Mobilization
    303 Peachtree St
    Atlanta,GA30308     		None PC General Fund 50,000
    Orphan's Tree
    5550 Powers Center Pt
    Colorado Springs,CO80920     		None PC General Fund 30,000
    Oxford Centre For Mission Studies
    3320 W Olympic Blvd
    Los Angeles,CA90019     		None PC General Fund 25,000
    Pars Theological Centre
    210 S Royal Oaks Blvd
    Franklin,TN37064     		None PC General Fund 30,000
    Peer Servant
    303 Worcester Road
    Framingham,MA01702     		None PC General Fund 20,000
    Pioneers
    420 Montgomery St
    San Francisco,CA94105     		None PC General Fund 90,000
    Plant With Purpose
    PO Box 2400
    Brea,CA92822     		None PC General Fund 25,000
    Praxis
    101 South Tyron St
    Charlotte,NC29210     		None PC General Fund 20,000
    Project Medsend
    1101 1St St South
    Winter Haven,FL33880     		None PC General Fund 50,000
    Reconciled World
    1528 Buckey Rd
    Phoenix,AZ85034     		None PC General Fund 30,000
    SAT-7 North America
    8133 Elliott Road
    Easton,MD21601     		None PC General Fund 60,000
    Scholarleaders International
    211 Main Street
    San Francisco,CA94105     		None PC General Fund 60,000
    Servant Partners
    321 E Holt Ave
    Pomona,CA91767     		None PC General Fund 15,000
    Shalom De Bunia
    8320 N Oak Trafficway
    Kansas City,MO64155     		None PC General Fund 50,000
    Shining Light International
    PO Box 6995
    Portland,OR97228     		None PC General Fund 20,000
    Sinapis Group
    249 Fifth Avenue
    Pittsburgh,PA15222     		None PC General Fund 20,000
    South Asia Inst Of Advanced Christian Studies Fiscal Sponsor Friends Of So
    1799 Winchester Blvd
    Campbell,CA95008     		None PC General Fund 60,000
    Springs Rescue Mission
    PO Box 10566
    Birmingham,AL35296     		None PC General Fund 50,000
    Steiger International
    630 East 162Nd St
    South Holland,IL60473     		None PC General Fund 50,000
    Streams of Mercy
    PO Box 2078
    Wylie,TX75098     		None PC General Fund 2,500
    Tearfund
    1275 Village Ridge POint
    Monument,CO80132     		None PC General Fund 25,000
    The Veritas Forum
    PO Box 15284
    Wilmington,DE19850     		None PC General Fund 40,000
    Theological Book Network Inc
    150 Ottawa Ave NW Suite 100
    Grand Rapids,MI45903     		None PC General Fund 50,000
    Thornston Educational Fund
    955 West Imperial Hwy
    Brea,CA92821     		None PC General Fund 80,000
    United Christian Prayer For India Friends Of Agape
    2790 Briargate Blvd
    Colorado Springs,CO80920     		None PC General Fund 20,000
    University Divitia Gratiae
    5244 Susquehanna Trail
    Port Trevorton,PA17864     		None PC General Fund 20,000
    Urban Initiatives
    650 W Lake Suite 340
    Chicago,IL60661     		None PC General Fund 2,333
    Veritas College International
    5201 Broadway St
    San Antonio,TX78209     		None PC General Fund 30,000
    Village Schools International
    Box 6995
    Portland,OR97228     		None PC General Fund 30,000
    Vision Communications International
    600 Bailey Ave
    Fort Worth,TX76107     		None PC General Fund 50,000
    Visual Story International
    2622 Towne Center Dr
    Foothill Ranch,CA92610     		None PC General Fund 15,000
    Visual Story International
    2623 Towne Center Dr
    Foothill Ranch,CA92610     		None PC General Fund 3,000
    World Concern Of Crista Ministries Fiscal Sponsor Crista Ministries
    1301 2Nd Avenue
    Seattle,WA98101     		None PC General Fund 50,000
    World Impact Inc
    2100 Oxnard Street Ste 100
    Woodland Hills,CA91367     		None PC General Fund 20,000
    World Impact Inc
    2101 Oxnard Street Ste 100
    Woodland Hills,CA91367     		None PC General Fund 3,000
    World Relief Corporation Of The National Association Of Evangelicals
    2 North Charles Street
    Baltimore,MD21202     		None PC General Fund 50,000
    Wycliffe Bible Translators
    PO Box 628200
    Orlando,FL32862     		None PC COVID Relief 50,000
    Young Life
    420 N Cascade Ave
    Colorado Springs,CO80903     		None PC General Fund 20,000
    Total .................................bullet 3a 3,954,233
    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......     16 32,491  
    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 8,192,162  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aTax refunds     		        22,326
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 11,632,874 22,326
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    11,655,200
    (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.)
    11a Federal tax refunds
    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:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting and Tax Preparation 27,864 13,932   13,932

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    Category Amount
    None 0

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Corporate Bonds 10,191,868 10,465,451

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Corporate Equities 40,890,694 55,700,123

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    US Government Securities - End of Year Book Value:

    3,001,546
    US Government Securities - End of Year Fair Market Value:

    2,933,446
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Other Investment Assets AT COST 51,624,628 64,989,529

    TY 2021 OtherAssetsSchedule
    Name:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Sale proceeds receivable   1,776 1,776


    TY 2021 OtherExpensesSchedule
    Name:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Fees 1 0   1
    Subscriptions 717 0   717
    Postage 88 0   88
    Maintenance 509 0   509
    Phone/Internet 6,678 0   6,678
    Entertainment 685 0   685
    Supplies 403 0   403
    Insurance 2,742 0   2,742
    Office Furnishings/Equipment 2,219 0   2,219
    Investment Exp 834,492 834,492   0
    State Registration Fees 867 0   867
    Software and Tech Support 10,247 0   10,247
    Misc 6,750 0   6,750
    Board Expense 9,593 0   9,593
    Office Expense 540 0   540


    TY 2021 OtherIncomeSchedule2
    Name:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Partnership Income 1,714,316 1,714,316 1,714,316
    Tax Exempt Interest 5,529 0 5,529
    Other Investment Income 74 74 74
    Tax refunds 22,326   22,326


    TY 2021 OtherIncreasesSchedule
    Name:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    Description Amount
    Prior period adjustment to partnership interest bases 6,492,788


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consulting Fees 0 0   0
    Professional fees from Schedule K-1 0 0   0
    Other professional fees 2,100 0   2,100


    TY 2021 TaxesSchedule
    Name:
    Henry P and Susan C Crowell Trust
    EIN:
    36-6038028
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax on Net Investment Income 67,230 0   0
    Foreign Tax 9,615 9,615   0
    Property Tax 378 0   378
    Tax on UBTI 5,925 0   0