Form990-PF
Click to see attachment
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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
GEORGE AND FRANCES BALL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1408
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MUNCIE, IN47308
A Employer identification number

35-6033917
B Telephone number (see instructions)

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$146,933,350J 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 2,325 2,325  
4 Dividends and interest from securities... 2,398,128 2,398,128  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,802,761
b Gross sales price for all assets on line 6a 12,879,511
7 Capital gain net income (from Part IV, line 2)... 4,802,761
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 7,203,214 7,203,214  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 93,101     93,101
14 Other employee salaries and wages...... 140,900     140,900
15 Pension plans, employee benefits....... 43,329     43,329
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 139,203 139,203    
c Other professional fees (attach schedule).... Click to see attachment 345,450 345,450    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 110,023 22,273    
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,043 2,043  
20 Occupancy.............. 62,429     62,429
21 Travel, conferences, and meetings....... 4,580     4,580
22 Printing and publications.......... 1,213     1,213
23 Other expenses (attach schedule)....... Click to see list of attachments 25,716 14,154   11,562
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 967,987 523,123   357,114
25 Contributions, gifts, grants paid....... 5,406,185 5,406,185
26 Total expenses and disbursements. Add lines 24 and 25 6,374,172 523,123   5,763,299
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 829,042
b Net investment income (if negative, enter -0-) 6,680,091
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......... 1,322,584 1,515,351 1,515,351
3 Accounts receivable bullet44,444
Less: allowance for doubtful accounts bullet   63,189 44,444 44,444
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) 1,527,449 Click to see attachment1,210,684 1,269,981
b Investments—corporate stock (attach schedule)....... 54,154,864 Click to see attachment50,549,988 120,827,208
c Investments—corporate bonds (attach schedule)....... 18,376,669 Click to see attachment22,950,732 23,269,213
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet18,481
Less: accumulated depreciation (attach schedule) bullet11,328 5,989 Click to see attachment7,153 7,153
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 75,450,744 76,278,352 146,933,350
Liabilities 17 Accounts payable and accrued expenses.......... 4,827 3,393
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)......... 4,827 3,393
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund 31,967,307 31,967,307
28 Retained earnings, accumulated income, endowment, or other funds 43,478,610 44,307,652
29 Total net assets or fund balances (see instructions)..... 75,445,917 76,274,959
30 Total liabilities and net assets/fund balances (see instructions). 75,450,744 76,278,352
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
75,445,917
2
Enter amount from Part I, line 27a .....................
2
829,042
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
76,274,959
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
76,274,959
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,802,761
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 92,853
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 92,853
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 83,408
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 92,853
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 185,706
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 92,853
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet25,000 RefundedBullet 11 67,853
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIN
    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 ofbulletBALL ASSOCIATES Telephone no.bullet (765) 741-5500

    Located atbulletP O BOX 1408MUNCIEIN ZIP+4bullet47308
    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
     
    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
    ERMALENE M FAULKNER Director
    1.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    JOSEPH F WIESE Secretary, Dir
    1.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    STEFAN S ANDERSON Director
    1.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    SHANNON DONNELL-CLINE Asst Secretary
    4.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    THOMAS J KINGHORN President
    32.00     		93,101 9,310  
    PO BOX 1408
    MUNCIE,IN47308
    JON H MOLL Chairman, Direc
    3.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    RONALD K FAUQUHER Vice-Chair, Dir
    2.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    MARIANNE L VORHEES Director
    1.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    TAMARA S PHILLIPS Treasurer
    8.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    MICHAEL B GALLIHER Director
    1.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    CAROL E SEALS Asst Treasurer
    4.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    WILLIAM M BRACKEN Director
    1.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    STEVEN M SMITH Director
    1.00     		0    
    PO BOX 1408
    MUNCIE,IN47308
    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
    KORTNEY ZIMMERMAN PROGRAM OFFICER
    40.00     		81,497 9,164  
    PO BOX 1408
    MUNCIE,IN47308
    KELSEY HARRINGTON PROGRAM ASSOCIATE
    40.00     		59,403 6,954  
    PO BOX 1408
    MUNCIE,IN47308
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    BALL ASSOCIATES PROFESSIONAL SERVICES 139,203
    222 S MULBERRY STREET
    MUNCIE,IN47305
    FIRST MERCHANTS PRIVATE WEALTH INVESTMENT MANAGEMENT 345,450
    200 EAST JACKSON STREET
    MUNCIE,IN47305
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    140,027,628
    b
    Average of monthly cash balances.......................
    1b
    145,139
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    140,172,767
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    140,172,767
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,102,592
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    138,070,175
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    6,903,509
    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
    6,903,509
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    92,853
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    92,853
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,810,656
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    6,810,656
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    6,810,656
    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 6,810,656
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 4,920,129
    b Total for prior years:20, 20, 20  
    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 ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 5,763,299
    a Applied to 2020, but not more than line 2a 4,920,129
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 843,170
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		5,967,486
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    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:
    SHANNON CLINE
    PO BOX 1408
    MUNCIE,IN47308
    (765) 741-5500
    bThe form in which applications should be submitted and information and materials they should include:
    DESCRIPTION OF PROJECT OR PURPOSE OF GRANT REQUEST, BUDGET, COPY OF IRS EXEMPTION LETTER. GRANT SUBMISSION DETAILS AVAILABLE AT THE FOUNDATION'S WEBSITE AT WWW.GFBALLFDN.ORG
    cAny submission deadlines:
    DEADLINES VARY. DEADLINES AT WWW.GFBALLFDN.ORG
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PROVIDES GRANTS TO ORGANIZATIONS SHARING SIMILAR VALUES OF THE BALL FAMILY WITH A PRIMARY FOCUS ON IMPROVING THE LIVABILITY AND EDUCATIONAL ATTAINMENT OF THE CITIZENS OF EAST CENTRAL INDIANA. ADDITIONAL DETAILS ARE AVAILABLE AT WWW.GFBALLFDN.ORG
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BALL STATE UNIVERSITY FOUNDATION
    2800 BETHEL AVE
    MUNCIE,IN47304     		N/A PC ENDOWED SCHOLARSHIP PROGRAM 800,000
    CHRISTIAN MINISTRIES OF DELAWARE COUNTY
    PO BOX 1088
    MUNCIE,IN47308     		N/A PC EMERGENCY MEN'S SLEEPING ROOM 25,000
    COLLEGE MENTORS FOR KIDS
    212 W 10TH STREET
    INDIANAPOLIS,IN46202     		N/A PC BSU CHAPTER PROGRAM SCHOOL ACTIVITIES 10,000
    DELAWARE ADVANCEMENT CORPORATION
    PO BOX 842
    MUNCIE,IN47308     		N/A PC VISION 2021 60,000
    ECI REGIONAL PARTNERSHIP
    PO BOX 1912
    MUNCIE,IN47308     		N/A PC OPERATIONAL SUPPORT 60,000
    GREATER MUNCIE IN HABITAT FOR HUMANITY
    PO BOX 1119
    MUNCIE,IN47308     		N/A PC HOMEOWNERSHIP & HOME REPAIR PROGRAM; CAPITAL CAMPAIGN NEW OFFICE BUILDING 100,000
    MINNETRISTA CULTURAL FOUNDATION INC
    1200 N MINNETRISTA PARKWAY
    MUNCIE,IN47303     		N/A SO I OPERATIONS/ CAPITAL PROJECTS & KAREN VINCENT FUND-COLLECTIONS & PRESERVATION 1,120,000
    RED-TAIL CONSERVANCY INC
    PO BOX 8
    MUNCIE,IN47308     		N/A PC OPERATIONS SUPPORT & MATCHING CHALLENGE GRANT 60,000
    HEART OF INDIANA UNITED WAY
    PO BOX 968
    MUNCIE,IN47308     		N/A PC ADMINISTRATIVE OVERHEAD COSTS; INDIANA UNITED WAYS MATCHING 190,000
    MUNCIE CIVIC THEATRE
    216 E MAIN STREET
    MUNCIE,IN47305     		N/A PC UNDERWRITE SCRIPTS/ ROYALTIES/ MUSIC FOR SEASON PRODUCTIONS 71,552
    CORNERSTONE CENTER FOR THE ARTS
    520 E MAIN ST
    MUNCIE,IN47305     		N/A PC SUPPORT FOR ARTS EDUCATION PROGRAMS & INTERNET WIRING COSTS 100,000
    YWCA OF CENTRAL INDIANA
    310 EAST CHARLES ST
    MUNCIE,IN47305     		N/A PC EMERGENCY SHELTER & C.O.T.S. PROGRAM 40,000
    IVY TECH FOUNDATION
    4301 S COWAN ROAD
    MUNCIE,IN47302     		N/A PC CAPITAL CAMPAIGN - MUNCIE CAMPUS 400,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    3201 N 600 W
    MUNCIE,IN47304     		N/A PC STAFF PERSON SUPPORT 10,000
    MUSIC FOR ALL
    39 W JACKSON PL SUITE 150
    INDIANAPOLIS,IN46225     		N/A PC VIRTUAL EDUCATION SUPPORT 5,000
    BOYS & GIRLS CLUB OF MUNCIE
    1710 S MADISON ST
    MUNCIE,IN47302     		N/A PC OPERATIONS & PROGRAMMING; FACILITY CONDITION & NEEDS STUDY 125,000
    CARDINAL GREENWAYS
    700 E WYSOR ST
    MUNCIE,IN47305     		N/A PC MATCHING FUNDS - REGIONAL GIVING 50,000
    MUNCIE COMMUNITY SCHOOLS
    4301 S COWAN RD
    MUNCIE,IN47302     		N/A PC RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 5,000
    MUNCIE DOWNTOWN DEVELOPMENT PARTNERSHIP
    120 W CHARLES ST
    MUNCIE,IN47305     		N/A PC MUNCIE THREE TRAILS MUSIC SERIES 7,500
    RILEY CHILDRENS FOUNDATION
    30 S MEREDIAN ST SUITE 200
    INDIANAPOLIS,IN46204     		N/A PC LUKE BRACKEN WIESE JUVENILE DIABETES RESEARCH 50,000
    SECOND HARVEST FOOD BANK
    6621 N OLD STATE RD 3
    MUNCIE,IN47303     		N/A PC BIG IDEA INITIATIVE 35,000
    YOUTH OPPORTUNITY CENTER FOUNDATION
    3700 W KILGORE AVE
    MUNCIE,IN47304     		N/A PC FAMILY PRESERVATION SERVICES 43,000
    COMMUNITY FOUNDATION OF MUNCIE & DE CO
    PO BOX 807
    MUNCIE,IN47308     		N/A PC FUNDERS FORUM 5,000
    COMMUNITY ENHANCEMENT PROJECTS
    650 W MINNETRISTA BLVD
    MUNCIE,IN47303     		N/A PC MUNCIE MEMORY SPIRAL 45,000
    DELAWARE CO BY5 EARLY CHILDHOOD ED INIT
    201 E JACKSON ST STE 400
    MUNCIE,IN47305     		N/A SO I GENERAL OPERATIONS; DELAWARE CO STUDY 100,000
    MUNCIE COMMUNITY SCHOOLS
    4301 S COWAN RD
    MUNCIE,IN47302     		N/A PC PROMISE NEIGHBORHOOD GRANT WRITER & SUMMER SCHOOL INCENTIVE PROGRAM 12,500
    TEEN WORKS
    PO BOX 40177
    INDIANAPOLIS,IN46240     		N/A SO I YEAR-ROUND & SUMMER PROGRAMS 50,000
    MUNCIE INNOVATION CONNECTOR INC
    1208 W WHITE RIVER BLVD
    MUNCIE,IN47303     		N/A PC SparkIT MUNCIE 111,177
    WHITELY COMMUNITY COUNCIL
    PO BOX 665
    MUNCIE,IN47308     		N/A PC EXECUTIVE DIRECTOR & RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 39,000
    BOY SCOUTS OF AMERICA-CROSSROADS COUNCIL
    7125 FALL CREEK RD N
    INDIANAPOLIS,IN46256     		N/A PC CAPITAL PROJECTS - 4 FLAGSHIP CAMPS 100,000
    DELAWARE ADVANCEMENT CORPORATION
    PO BOX 842
    MUNCIE,IN47308     		N/A PC MITIGATING COVID & RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 7,000
    BALL STATE UNIVERSITY
    2000 W UNIVERSITY AVE
    MUNCIE,IN47306     		N/A PC SUPPORT FOR MUNCIE COMMUNITY SCHOOLS 321,644
    INSIDE OUT COMMUNITY DEVELOPMENT
    300 N MADISON
    MUNCIE,IN47305     		N/A PC FRESH DIRECTIONS - HOT MEALS FOR KIDS 38,000
    YMCA OF MUNCIE
    500 S MULBERRY ST
    MUNCIE,IN47305     		N/A PC CAPITAL CAMPAIGN & SUMMER DAY CAMP PROGRAM 975,000
    BALL STATE UNIVERSITY
    2000 W UNIVERSITY AVE
    MUNCIE,IN47306     		N/A PC SUPPORT FOR FOOD HUB 4,000
    COMMUNITY FOUNDATION OF MUNCIE & DE CO
    PO BOX 807
    MUNCIE,IN47308     		N/A PC LEGAL INFO NON-PROFITS - MITIGATING COVID 2,500
    MOTIVATE OUR MINDS
    2023 E HIGHLAND AVE
    MUNCIE,IN47303     		N/A PC AFTER SCHOOL PROGRAMMING 35,000
    ROSS COMMUNITY CENTER
    1110 W 10TH ST
    MUNCIE,IN47302     		N/A PC RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 4,000
    DELAWARE CO BY5 EARLY CHILDHOOD ED INIT
    201 E JACKSON ST STE 400
    MUNCIE,IN47305     		N/A SO I RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 2,000
    INDIANA PHILANTHROPY ALLIANCE
    32 E WASHINGTON ST STE 1100
    INDIANAPOLIS,IN46204     		N/A PC PARTICIPATION IN STATEWIDE ALLIANCE OF PHILANTHROPIC ORGANIZATIONS 7,920
    YOUTH FOR CHRIST MUNCIE AREA
    PO BOX 99
    MUNCIE,IN47308     		N/A PC VIRTUAL TUTORING PROGRAM & CITY LIFE PROGRAM MATCH WITH MUNCIE COMMUNITY SCHOOLS 21,250
    HEART OF INDIANA UNITED WAY
    400 N HIGH ST STE 300
    MUNCIE,IN47305     		N/A PC RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 4,000
    BOYS GIRLS CLUB OF MUNCIE
    1710 S MADISON ST
    MUNCIE,IN47302     		N/A PC RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 4,000
    CARDINAL GREENWAYS
    700 E WYSOR ST
    MUNCIE,IN47305     		N/A PC KITSELMAN TRAILHEAD FINAL PHASE 15,000
    DELAWARE COUNTY OFFICE OF INFORMATI
    210 S JEFFERSON ST
    MUNCIE,IN47305     		N/A GOV COVID COMMUNICATIONS 5,000
    PROJECT LEADERSHIP INC
    118 W 25TH ST
    MARION,IN46953     		N/A PC RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS & SPRING 2021 EDITION MOMENTS 8,000
    HEART OF INDIANA UNITED WAY
    400 N HIGH ST STE 300
    MUNCIE,IN47305     		N/A PC COVID MASK UP & VACCINATION ROLLOUT; GOOD ATTENDANCE CAMPAIGN 2,200
    GREATER MUNCIE IN HABITAT FOR HUMAN
    PO BOX 1119
    MUNCIE,IN47308     		N/A PC 8TWELVE COALITION REVITALIZATION WORK 30,000
    HALTEMAN VILLAGE NEIGHBORHOOD ASSOC
    2501 W TWICKINGHAM DR
    MUNCIE,IN47304     		N/A PC HALTEMAN PARK PLAYGROUND 5,000
    IVY TECH FOUNDATION
    125 S HIGH ST STE 318
    MUNCIE,IN47305     		N/A PC RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 5,000
    MUNCIE INNOVATION CONNECTOR INC
    1208 W WHITE RIVER BLVD
    MUNCIE,IN47303     		N/A PC RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 2,000
    OPEN DOOR HEALTH SERVICES
    333 S MADISON ST
    MUNCIE,IN47305     		N/A PC RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 4,000
    HEALTH HOSPITAL CORPOPEN DOOR HEALT
    3838 N RURAL ST
    INDIANAPOLIS,IN46205     		N/A PC OUTREACH COVERING KIDS & FAMILIES 13,000
    SUSTAINABLE MUNCIE
    515 E MAIN ST
    MUNCIE,IN47305     		N/A PC RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 3,000
    UNITED DAY CARE CENTER OF DE CO
    312 S VINE ST
    MUNCIE,IN47305     		N/A PC PAINT WALLS, CEILING GRIDS & INSTALL FENCE 52,942
    YMCA OF MUNCIE
    500 S MULBERRY ST
    MUNCIE,IN47305     		N/A PC RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS 5,000
    Total .................................bullet 3a 5,406,185
    bApproved for future payment
    MINNETRISTA CULTURAL FOUNDATION
    1200 N MINNETRISTA PARKWAY
    MUNCIE,IN47303     		N/A SO I GENERAL OPERATING/ CAPITAL PROJECTS 1,110,000
    DELAWARE ADVANCEMENT CORPORATION
    PO BOX 842
    MUNCIE,IN47308     		N/A PC GAP YEAR VISION 2021 ECONOMIC DEVELOPMENT 60,000
    YMCA OF MUNCIE
    500 S MULBERRY ST
    MUNCIE,IN47305     		N/A PC CAPITAL CAMPAIGN - NEW BUILDING 2,075,000
    Total .................................bullet 3b 3,245,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14   2,325
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 4,802,761  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   4,802,761 2,400,453
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,203,214
    (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: 21013475
    Software Version: 2021v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BALL ASSOCIATES 139,203 139,203 0 0

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FEDERATED TOTAL RETURN BOND 3,235,199 3,221,321
    COLUMBIA HIGH YIELD BOND 1,109,180 1,138,075
    VANGUARD SHORT TERM INVEST ADMIRAL 1,287,013 1,294,092
    PUBLIC STORAGE PREF SER L 4.625% 150,000 160,680
    INTEL CORP 2.7% 12-22 249,082 255,173
    VANGUARD TOTAL BOND MKT FD 584 2,635,269 2,662,834
    APPLE INC GLOBAL SR NOTES 2.15% 2-22 248,437 250,447
    NOVARTIS CAPITAL 2.4% 9-22 250,125 253,777
    AMERICAN TOWER TRUST 3.07% 3-23 250,390 250,210
    APPLE INC SR NOTES 2.82% 2-23 251,555 255,230
    AUTOZONE INC NOTES 3.125% 7-23 252,036 257,037
    CIGNA CORP HLDG NOTE 3.0% 7-23 251,069 257,180
    FEDERATED SH-INTERM TOT RETURN BOND 472,449 476,519
    NORTHERN ULTRA-SHORT FIXED 512,506 513,157
    IBM CORP 2.5% 1-22 209,958 210,298
    MICROSOFT SR NOTES 2.875% 2-24 250,000 260,245
    ROCKWELL COLLINS 3.2% 3-24 251,881 260,215
    MARSH & MCLENNAN 3.5% 6-24 252,245 263,625
    BURLINGTON NORTHERN 3.4% 8-24 254,702 263,593
    APPLE INC SR NOTES 3.2% 5-25 403,636 425,792
    VISA INC 3.15% 12-25 404,453 426,528
    CIT BANK CD 2.55% 1-22 250,000 250,335
    AMGEN INC 3.125% 5-25 248,912 263,617
    GENERAL DYNAMICS 3.375% 5-23 301,350 310,002
    NORTHERN TRUST 3.95% 10-25 254,786 273,335
    OMNICOM GROUP 3.65% 11-24 297,633 318,039
    SYSCO CORP 3.3% 7-26 487,714 532,780
    AMERICAN WTR CAP CORP 2.95% 9-27 304,287 316,641
    HERSHEY COMPANY 2.3% 8-26 301,800 310,944
    LOWE'S COS 3.1% 5-27 307,541 320,274
    OMNICOM GROUP 3.6% 4-26 244,667 268,163
    AMGEN INC 2.2% 2-27 300,000 307,263
    COSTCO WHOLESALE CORP 1.375% 6-27 254,839 248,242
    TRUIST FINANCIAL SERIES 0 5.25% PFD 150,000 166,680
    U.S. BANCORP SERIES L 3.75% PFD 150,000 143,760
    CITIZENS BANK 2.25% 4-25 513,645 511,865
    JPMORGAN CHASE BANK 1.2% 6-26 250,000 244,155
    WASTE MANAGEMENT INC 3.15% 11-27 266,167 267,132
    WALT DISNEY CO 2.2% 1-28 509,644 509,695
    APPLE INC 1.2% 2-28 350,000 340,260
    CHARLES SCHWAB CORP 2% 3-28 409,704 405,624
    LOWE'S COS 1.3% 4-28 391,355 383,660
    CITIGROUP INC 2% 10-28 400,000 394,076
    EXXON MOBIL CORP 2.44% 8-29 515,335 513,300
    VANGUARD HIYIELD CORP ADMIRAL 610,000 611,806
    VANGUARD MORTGAGE BACKED SEC INDEX 1,100,000 1,087,737
    JPMORGAN CHASE CO PFD 4.625% 150,000 156,660
    PUBLIC STORAGE PFD SER Q 3.95% 150,000 149,220
    CHARLES SCHWAB CORP PFD 4.45% 150,168 156,660
    US BANCORP SERIES 4.0% PFD 150,000 151,260

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC ADR 463,953 2,072,750
    ABBOTT LABS 134,559 985,180
    AUTOMATIC DATA PROCESSING 404,209 1,282,216
    BALL CORP 64,306 12,033,750
    CHEVRON CORP 96,606 352,050
    CISCO SYSTEMS 448,807 1,077,290
    DANAHER CORP 38,252 658,020
    EXXON MOBIL 61,680 275,355
    FIRST MERCHANTS CORP 33,384 1,047,250
    L3HARRIS TECHNOLOGIES INC 212,048 959,580
    JOHNSON & JOHNSON 273,631 769,815
    KIMBERLY CLARK 243,323 443,052
    MICROSOFT CORPORATION 180,050 2,858,720
    MICROCHIP TECHNOLOGY 104,818 696,480
    PEPSICO INC 94,735 694,840
    T ROWE PRICE GROUP INC 131,354 825,888
    PROCTOR & GAMBLE 124,528 605,246
    STRYKER CORP 243,669 882,486
    US BANCORP DEL 83,674 168,510
    VERIZON COMMUNICATIONS 208,582 259,800
    WAL-MART STORES 99,103 651,105
    S&P 400 MIDCAP ETF SPDR 316,395 1,100,070
    RUSSELL 2000 INDEX ETF ISHARES 418,961 1,175,648
    DODGE & COX INTERNATIONAL STOCK 1,365,000 1,544,514
    VANGUARD INTL GROWTH 1,678,303 3,304,443
    NORTHERN TR CORP 379,046 717,660
    S&P 400 MIDCAP GROWTH ETF ISHARES 1,868,609 5,746,524
    S&P 400 MIDCAP VALUE ETF ISHARES 2,079,793 5,345,844
    VANGUARD FTSE ALL WORLD EXUS ETF 1,153,989 1,409,440
    ALLIANT CORP 243,643 553,230
    BECTON DICKINSON & CO 178,396 603,552
    MDU RES GROUP INC 207,754 308,400
    JM SMUCKER COMPANY 325,386 488,952
    VF CORP 79,872 453,964
    S&P SMALL CAP 600 CORE ETF ISHARES 192,539 801,570
    S&P 600 SMALL CAP VALUE ETF ISHARES 762,981 2,121,147
    S&P 600 SMALL CAP GROWTH ETF ISHARES 630,126 2,664,960
    NORTHERN SMALL CAP VALUE 650,000 1,317,776
    HENRY JACK & ASSOCIATES 111,625 584,465
    OMNICOM GROUP 505,810 696,065
    MATERIALS SECTOR SPDR 668,321 1,196,052
    AMERICAN EUROPACIFIC GROWTH 1,089,921 1,700,396
    MFS NEW DISCOVERY iNTL 1,015,894 1,532,019
    APPLE COMPUTER INC 367,170 2,805,606
    HONEYWELL INTL INC 298,163 896,593
    NUCOR CORP 119,897 342,450
    NASDAQ BIOTECH INDEX ETF ISHARES 108,783 686,790
    VANGUARD REIT INDEX ETF 1,706,403 2,952,451
    AMERIPRISE FINANCIAL 472,218 1,417,802
    ALERIAN MLP ETF 171,376 91,672
    OPPEN STEEL PATH MLP SEL 40 CL Y 357,017 255,387
    TRUIST FINANCIAL 253,588 409,850
    GENUINE PARTS CO 426,647 701,000
    VANGUARD MIDCAP INDX ADMIRAL CLASS 1,401,492 3,143,009
    VANGUARD SMALL CAP INDX ADMIRAL CL 995,000 2,043,201
    VANGUARD REIT INDX ADMIRAL CL 1,837,402 2,990,606
    COSTCO COMPANIES 347,989 1,078,630
    UNION PAC CORP 249,966 680,211
    MEDTRONIC INC ADR 383,017 527,595
    CORNING INC 101,031 204,765
    LOWE'S COMPANIES INC 428,706 1,369,944
    PFIZER INC 527,454 944,800
    TRAVELERS INC 450,003 610,077
    CHUBB LIMITED ADR 401,110 698,043
    NORTHERN MIDCAP INDEX 1,120,000 1,422,847
    ALPHABET 876,260 2,317,632
    HOME DEPOT INC 572,614 1,286,531
    TJX COS INC 418,891 835,120
    BAXTER INTERNATIONAL INC 391,866 429,200
    COGNIZANT TECHNOLOGY 371,328 532,320
    COMCAST CORP CLASS A 537,520 679,455
    LAM RESEARCH CORP 206,638 934,895
    LILLY ELI & CO 388,826 966,770
    AMERICAN TOWER CORP REIT 430,278 585,000
    AMPHENOL CORPORATION 494,404 927,076
    DISNEY WALT COMPANY 504,596 619,560
    EDWARDS LIFESCIENCES CORP 116,754 194,325
    NEXTERA ENERGY INC 412,655 746,880
    VANGUARD S&P 500 7,641,498 11,787,390
    VISA 816,823 975,195
    AMAZON INC 1,153,367 1,367,080
    BLACKROCK INC 335,387 572,225
    BROADCOM INC NPV 348,190 698,681
    META PLATFORMS INC 408,799 504,525
    RAYTHEON TECHNOLOGIES 379,105 499,148
    DIGITAL REALTY TRUST REIT 229,789 291,836
    EQUINIX INC REIT 352,333 422,920
    WCM FOCUSED INTL GROWTH FD 970,000 1,414,041

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    21013475
    Software Version:
    2021v4.0
    US Government Securities - End of Year Book Value:

    1,210,684
    US Government Securities - End of Year Fair Market Value:

    1,269,981
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2021 LandEtcSchedule2
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 18,481 11,328 7,153 7,153


    TY 2021 OtherExpensesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES/FEES 2,302     2,302
    FEES & ACTIVITIES 4,284     4,284
    INSURANCE 12,639 12,639    
    SUPPLIES & SUNDRY 6,491 1,515   4,976


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 345,450 345,450 0 0


    TY 2021 TaxesSchedule
    Name:
    GEORGE AND FRANCES BALL FOUNDATION
    EIN:
    35-6033917
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 87,750      
    FOREIGN TAXES ON DIVIDENDS 22,273 22,273