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
WATSON-BROWN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)310 TOM WATSON WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
THOMSON, GA308240037
A Employer identification number

23-7097393
B Telephone number (see instructions)

(706) 595-8886
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$179,648,951J 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) 25
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,640 1,640  
4 Dividends and interest from securities... 6,258,982 6,266,889  
5a Gross rents............ 19,905 19,905  
b Net rental income or (loss) 19,905
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 8,163,463
b Gross sales price for all assets on line 6a 8,163,463
7 Capital gain net income (from Part IV, line 2)... 8,162,722
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 3,853
b Less: Cost of goods sold.... 480
c Gross profit or (loss) (attach schedule)..... 3,373  
11 Other income (attach schedule)....... Click to see attachment 1,084 0  
12 Total. Add lines 1 through 11........ 14,448,472 14,451,156  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 204,754 20,475   184,279
14 Other employee salaries and wages...... 600,346 60,035   540,311
15 Pension plans, employee benefits....... 141,352 14,135   127,217
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 37,700 18,850   18,850
c Other professional fees (attach schedule).... Click to see attachment 916,608 914,012   2,596
17 Interest............... 101,344 0   101,344
18 Taxes (attach schedule) (see instructions)... Click to see attachment 194,457 96,043   59,421
19 Depreciation (attach schedule) and depletion... 522,158 0  
20 Occupancy.............. 241,715 24,172   217,544
21 Travel, conferences, and meetings....... 21,954 0   21,954
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 499,998 27,461   468,909
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,482,386 1,175,183   1,742,425
25 Contributions, gifts, grants paid....... 4,295,685 4,295,685
26 Total expenses and disbursements. Add lines 24 and 25 7,778,071 1,175,183   6,038,110
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,670,401
b Net investment income (if negative, enter -0-) 13,275,973
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......... 3,102,252 3,887,613 3,887,613
3 Accounts receivable bullet6,532
Less: allowance for doubtful accounts bullet     6,532 6,532
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.............. 4,905 4,905 4,905
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 120,971,789 Click to see attachment126,746,876 159,950,493
14 Land, buildings, and equipment: basis bullet22,505,560
Less: accumulated depreciation (attach schedule) bullet7,131,901 15,605,119 15,373,659 15,373,659
15 Other assets (describe bullet) Click to see attachment560,998 Click to see attachment425,749 Click to see attachment425,749
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 140,245,063 146,445,334 179,648,951
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 2,853,356 2,554,322
22 Other liabilities (describe bullet) Click to see attachment181,185 Click to see attachment10,089
23 Total liabilities (add lines 17 through 22)......... 3,034,541 2,564,411
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........ 137,210,522 143,880,923
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)..... 137,210,522 143,880,923
30 Total liabilities and net assets/fund balances (see instructions). 140,245,063 146,445,334
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
137,210,522
2
Enter amount from Part I, line 27a .....................
2
6,670,401
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
143,880,923
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
143,880,923
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 PASS-THRU NII FROM K-1 INVESTMENTS      
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 8,162,722     8,162,722
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       8,162,722
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 8,162,722
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........................... 3 184,536
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- ..... 5 184,536
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 149,210
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 180,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 329,210
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 482
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 10 144,192
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet144,192 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the 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)
    bulletGA
    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.WATSON-BROWN.ORG
    14
    The books are in care ofbulletTHOMAS W BROWN JR Telephone no.bullet (706) 595-8886

    Located atbullet310 TOM WATSON WAYTHOMSONGA ZIP+4bullet308240037
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    THOMAS W BROWN JR PRESIDENT
    50.00     		168,754 4,703 0
    753 BRADBERRY CREEK
    EVANS,GA30809
    WYCHE FOWLER JR TRUSTEE
    2.50     		12,000 0 0
    2734 PEACHTREE RD NW SUITE C102
    ATLANTA,GA30305
    JOHN WOODHAM TRUSTEE
    2.50     		12,000 0 0
    2625 PIEDMONT ROAD SUITE 56-295
    ATLANTA,GA30324
    JOAB LESESNE TRUSTEE
    2.50     		12,000 0 0
    1009B BRIARWOOD COURT
    SPARTANBURG,SC29302
    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
    SAMUEL N THOMAS JR HOUSE MUSEUM CURATOR
    45.00     		85,768 0 0
    310 TOM WATSON WAY
    THOMSON,GA30824
    MICHELLE L ZUPAN HOUSE MUSEUM CURATOR
    45.00     		80,691 0 0
    310 TOM WATSON WAY
    THOMSON,GA30824
    DEXTER E RHODES GROUND MANAGER
    45.00     		73,760 0 0
    310 TOM WATSON WAY
    THOMSON,GA30824
    ELIZABETH B MOORE ACCOUNTANT/ADMIN
    45.00     		69,171 0 0
    310 TOM WATSON WAY
    THOMSON,GA30824
    BARBARA D HYDE HOUSE MUSEUM CURATOR
    45.00     		66,611 0 0
    310 TOM WATSON WAY
    THOMSON,GA30824
    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
    MERCER INVESTMENT CONSULTING INC INVESTMENT CONSULTING 198,020
    701 MARKET STREET SUITE 1100
    ST LOUIS,MO63101
    WIERSTEWART LLC ADVERTISING 65,562
    982 BROAD STREET
    AUGUSTA,GA30001
    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 MAINTAINING AND PRESERVING THREE HISTORIC HOUSE MUSEUMS AND THEIR HISTORIC GARDENS AND GROUNDS FOR THE CONDUCT OF VARIOUS EDUCATIONAL PROGRAMMING INCLUDING PUBLIC TOURS, SCHOOL FIELD TRIPS, SEMINARS AND SYMPOSIA, SUMMER CAMPS, 1,319,526
    2 ALLOCATION OF EXPENSES FOR ADMINISTERING SCHOLARSHIPS ANDGRANTS INCURRED BY THE FOUNDATION OFFICE. ALLOCATION ISBASED ON A COMBINATION OF DIRECT COST AND A PERCENTAGE OFALL OTHER EXPENSES. 3,979,781
    3 TOM WATSON BROWN BOOK AWARD. THE ANNUAL AWARD IS MADE THROUGH THE AUSPICES OF THE SOCIETY OF CIVIL WAR HISTORIAN FOR A SINGLE OUTSTANDING BOOK ON THE AMERICAN CIVIL WAR. SCHOLARLY AND TRADE PRESSES SUBMIT BOOKS FOR CONSIDERATION BY A THREE JUROR PANEL OF CIVIL WAR SCHOLARS. 65,411
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    153,191,855
    b
    Average of monthly cash balances.......................
    1b
    1,672,108
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    154,863,963
    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
    154,863,963
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,322,959
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    152,541,004
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    7,627,050
    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
    7,627,050
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    184,536
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    184,536
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,442,514
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    7,442,514
    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
    7,442,514
    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 7,442,514
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 677,884
    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$ 6,188,701
    a Applied to 2020, but not more than line 2a 677,884
    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..... 5,510,817
    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 ..........     		1,931,697
    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).)
    THOMAS W BROWN JR
    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:
    THOMAS W BROWN JR
    310 TOM WATSON WAY
    THOMSON,GA30824
    (706) 595-8886
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS ARE WEB BASED AND PROVIDED BY FOUNDATION AS NEEDED.
    cAny submission deadlines:
    GRANTS DUE APRIL 15/ SCHOLARSHIPS DUE FEBRUARY 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIP AWARDS ARE FOR A GIVEN ACEDMIC YEAR, AND HAVE A 3.0 G.P.A MAINTENANCE REQUIREMENT IS 3.0 AND A FULL-TIME ENROLLMENT AND ATTENDANCE REQUIREMENT AT AN ACCREDITED 4 YEAR COLLEGE.
    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
    ABRAHAM BALDWIN AGRICULTURAL COLLEGE
    2802 MOORE HWY
    TIFTON,GA31794     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 17,500
    AGNES SCOTT COLLEGE
    141 E COLLEGE AVE
    DECATUR,GA30030     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 17,500
    ALBANY STATE UNIVERSITY
    504 COLLEGE DR
    ALBANY,GA31705     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 12,500
    AMERICAN UNIVERSITY
    4400 MASSACHUSETTS AVE NW
    WASHINGTON,DC20016     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    ANDERSON UNIVERSITY
    316 BOULEVARD BOX 1142
    ANDERSON,SC29621     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 70,203
    ASBURY UNIVERSITY
    ONE MACKLEM DR
    WILMORE,KY40390     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    AUBURN UNIVERSITY AT MONTGOMERY
    7400 EAST DRIVE
    MONTGOMERY,AL36117     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    AUGUSTA UNIVERSITY
    11250 15TH ST
    AUGUSTA,GA309120004     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 252,500
    BARNARD COLLEGE
    11 MILLBANK HALL 3009 BROADWAY
    NEW YORK,NY10027     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    BELMONT ABBEY COLLEGE
    100 BELMONT-MT HOLLY RD
    BELMONT,NC280121802     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    BELMONT UNIVERSITY
    1900 BELMONT BLVD
    NASHVILLE,TN37212     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    BENEDICT COLLEGE
    1600 HARDEN ST
    COLUMBIA,SC29204     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    BENEDICTINE COLLEGE
    1020 N 2ND ST
    ATCHISON,KS66002     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    BENTLEY UNIVERSITY
    RAUCH ADM BLDG RM 104 175 FOREST ST
    WALTHAM,MA02452     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    BERRY COLLEGE
    2277 MARTHA BERRY HWY
    MT BERRY,GA30149     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    BOB JONES UNIVERSITY
    1700 WADE HAMPTON BLVD
    GREENVILLE,SC29614     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    BRIGHAM YOUNG UNIVERSITY
    D155 ASB
    PROVO,UT84602     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    BRIGHAM YOUNG UNIVERSITY IDAHO
    SPENCER W KIMBALL BLDG 196 525 S
    CENTER ST
    REXBURG,ID83460     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    BROWN UNIVERSITY
    CAMPUS BOX 1911
    PROVIDENCE,RI02912     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 15,000
    CHARLESTON SOUTHERN UNIVERSITY
    PO BOX 118087
    CHARLESTON,SC29423     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 23,820
    CITADEL
    171 MOULTRIE ST
    CHARLESTON,SC29409     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    CLAFLIN UNIVERSITY
    400 MAGNOLIA ST
    ORANGEBURG,SC29115     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    CLAYTON STATE UNIVERSITY
    2000 CLAYTON ST BLVD EDGEWATER HALL
    ROOM 102
    MORROW,GA30260     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    CLEMSON UNIVERSITY
    G-08 SIKES HALL BOX 345307
    CLEMSON,SC296345307     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 585,000
    COASTAL CAROLINA UNIVERSITY
    PO BOX 261954
    CONWAY,SC295286054     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 12,500
    COLLEGE OF CHARLESTON
    66 GEORGE STREET
    CHARLESTON,SC294240001     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 78,000
    COLUMBIA COLLEGE
    1301 COLUMBIA COLLEGE DR
    COLUMBIA,SC29203     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    COLUMBIA INTERNATIONAL UNIVERSITY
    PO BOX 3122
    COLUMBIA,SC29230     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    COLUMBIA UNIVERSITY
    2960 BROADWAY
    NEW YORK,NY100276902     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    COLUMBUS STATE UNIVERSITY
    4225 UNIVERSITY AVE
    COLUMBUS,GA31907     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    CONVERSE COLLEGE
    580 E MAIN ST
    SPARTANBURG,SC293020006     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 37,500
    CORNELL UNIVERSITY
    PO BOX 752
    ITHACA,NY14851     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    COVENANT COLLEGE
    14049 SCENIC HWY
    LOOKOUT MOUNTAIN,GA30750     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    CUNY JOHN JAY COLLEGE OF CRIMINAL JUSTICE
    524 W 59TH ST BMW 607
    NEW YORK,NY10019     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    DARTMOUTH COLLEGE
    6016 MCNUTT HALL
    HANOVER,NH037553541     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    DAVIDSON COLLEGE
    PO BOX 7157
    DAVIDSON,NC280357157     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    DUKE UNIVERSITY
    BOX 90759
    DURHAM,NC277080759     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 47,500
    EAST GEORGIA STATE COLLEGE
    131 COLLEGE CIRCLE
    SWAINSBORO,GA30401     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    ELON UNIVERSITY
    100 CAMPUS DR
    ELON,NC27244     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    EMBRY RIDDLE AERONAUTICAL UNIVERSITY
    1 AEROSPACE BLVD
    DATTONA BEACH,FL32114     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    EMMANUEL COLLEGE
    PO BOX 129
    FRANKLIN SPRINGS,GA30639     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    EMORY UNIVERSITY
    300 BOISFEUILLET JONES CTR
    ATLANTA,GA30322     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 27,991
    ERSKINE COLLEGE
    TWO WASHINGTON ST
    DUE WEST,SC29639     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    EUGENE LANG COLLEGE THE NEW SCHOOL
    65 WEST 11TH ST
    NEW YORK,NY10011     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    FISK UNIVERSITY
    1000 17TH AVE N
    NASHVILLE,TN37208     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    FLORIDA A&M UNIVERSITY
    1600 S MARTIN LUTHER KING JR BLVD
    TALLAHASSEE,FL32307     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    FLORIDA STATE UNIVERSITY
    A-1500 UNIVERSITY CENTER
    TALLAHASSEE,FL32306     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    FORT VALLEY STATE UNIVERSITY
    1005 STATE UNIVERSITY DR
    FORT VALLEY,GA31030     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    FRANCIS MARION UNIVERSITY
    PO BOX 100547
    FLORENCE,SC29502     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    FRANKLIN OLIN COLLEGE OF ENGINEERING
    1000 OLIN WAY
    NEEDHAM,MA02492     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    FURMAN UNIVERSITY
    3300 POINSETT HWY
    GREENVILLE,SC296135253     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 80,000
    GEORGE WASHINGTON UNIVERSITY
    800 21ST ST NW COLONIAL CENTRAL
    MARVIN CENTER/GROUND FLOOR
    WASHINGTON,DC20052     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    GEORGIA COLLEGE & STATE UNIVERSITY
    CAMPUS BOX 30
    MILLEDGEVILLE,GA31061     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 60,000
    GEORGIA INSTITUTE OF TECHNOLOGY
    225 NORTH AVE
    ATLANTA,GA303320460     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 212,500
    GEORGIA SOUTHERN UNIVERSITY
    PO BOX 8155
    STATESBORO,GA30460     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 172,500
    GOERGIA SOUTHWESTERN STATE UNIVERSITY
    800 WHEATLEY ST
    AMERICUS,GA317094379     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    GEORGIA STATE UNIVERSITY
    PO BOX 4040
    ATLANTA,GA303024040     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 72,500
    GRINNELL COLLEGE
    1227 PARK ST 2ND FLOOR
    GRINNELL,IA50112     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    HANOVER COLLEGE
    517 BALL DR
    HANOVER,IN47243     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    HARVARD UNIVERSITY
    86 BRATTLE ST
    CAMBRIDGE,MA02138     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    HOWARD UNIVERSITY
    2400 SIXTH ST NW STE 218 MSC 590506
    WASHINGTON,DC20059     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 12,500
    ILLINOIS INSTITUTE OF TECHNOLOGY
    PERLSTEIN HALL 206 W 33RD ST
    CHICAGO,IL60616     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    INDIANA UNIVERSITY BLOOMINGTON
    POPLARS BUILDING 400 EAST 7TH ST
    BLOOMINGTON,IN474051223     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    JACKSON STATE UNIVERSITY
    BF ROBERTS HALL 1ST FLOOR PO BOX
    17065
    JACKSON,MS39217     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    JOHNS HOPKINS UNIVERSITY
    3400 N CHARLES ST
    BALTIMORE,MD21218     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 600
    KENNESAW STATE UNIVERSITY
    585 COBB AVE NW MD 0119
    KENNESAW,GA30144     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 60,000
    LANDER UNIVERSITY
    320 STANLEY AVE
    LANDER,SC29649     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 67,500
    LEE UNIVERSITY
    PO BOX 3450
    CLEVELAND,TN373203450     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    LIBERTY UNIVERSITY
    PO BOX 10425
    LYNCHBURG,VA24515     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    LIMESTONE COLLEGE
    1115 COLLEGE DR
    GAFFNEY,SC29340     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 15,000
    LYNN UNIVERSITY
    GREEN CENTER 3601 N MILITARY TRAIL
    BOCA RATON,FL33431     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    MANNES SCHOOL OF MUSIC
    72 FIFTH AVE 2ND FLOOR
    NEW YORK,NY10011     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    MARS HILL UNIVERSITY
    PO BOX 6686
    MARS HILL,NC28754     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVE ROOM 11-120
    CAMBRIDGE,MA02139     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    MERCER UNIVERSITY
    1501 MERCER UNIVERSITY DR
    MACON,GA31207     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 45,000
    MIDDLE GEORGIA STATE UNIVERSITY
    1100 SECOND ST SE
    COCHRAN,GA31014     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    MISSISSIPPI STATE
    GARNER HALL PO BOX 6035
    MISSISSIPPI STATE,MS39762     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    MOREHOUSE COLLEGE
    830 WESTVIEW DR
    ATLANTA,GA30314     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    MUHLENBERG COLLEGE
    2400 W CHEW ST
    ALLENTOWN,PA18104     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    NEW YORK UNIVERSITY
    105 EAST 17TH ST 3RD FLOOR
    NEW YORK,NY10003     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 15,000
    NORTH CAROLINA A&T STATE UNIVERSITY
    1601 E MARKET ST
    GREENSBORO,NC27411     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 17,500
    NORTH CAROLINA STATE UNIVERSITY
    2016 HARRIS HALL BOX 7302
    RALEIGH,NC27695     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    NORTH GREENVILLE UNIVERSITY
    PO BOX 1892
    GREENVILLE,SC29688     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 37,500
    OGLETHORPE UNIVERSITY
    4484 PEACHTREE RD NE
    ATLANTA,GA30319     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 12,500
    PITZER COLLEGE
    MCCONNELL 320 1060 N MILLS AVE
    CLAREMONT,CA917116101     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    PRESBYTERIAN COLLEGE
    503 SOUTH BROAD ST
    CLINTON,SC29325     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 30,000
    PRINCETON UNIVERSITY
    PO BOX 35
    PRINCETON,NJ08543     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    ROCHESTER INSTITUTE OF TECHNOLOGY
    56 LOMB MEMORIAL DR
    ROCHESTER,NY14263     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    ROCKY MOUNTAIN COLLEGE OF ART & DESIGN
    1600 PIERCE ST
    DENVER,CO80214     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    ROSE-HULMAN INSTITUTE OF TECHNOLOGY
    5500 WABASH AVE
    TERRE HAUTE,IN47803     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    SALEM COLLEGE
    601 S CHURCH ST LEHMAN HALL 2ND
    FLOOR
    WINSTONSALEM,NC27101     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    SAMFORD UNIVERSITY
    800 LAKESHORE DR
    BIRMINGHAM,AL35229     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 12,500
    SAVANNAH COLLEGE OF ART & DESIGN
    PO BOX 2072
    SAVANNAH,GA314023146     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 16,667
    SAVANNAH STATE
    PO BOX 20523
    SAVANNAH,GA31404     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    SCHOOL OF VISUAL ARTS NY
    209 EAST 23 ST
    NEW YORK,NY100103994     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750181
    DALLAS,TX75275     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    SPELMAN COLLEGE
    350 SPELMAN LANE SQ
    ATLANTA,GA30314     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    STANFORD UNIVERSITY
    520 LASUEN MALL OLD UNION 322
    STANFORD,CA943053021     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    TEMPLE UNIVERSITY
    PO BOX 828799
    PHILADELPHIA,PA191828799     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    TOCCOA FALLS COLLEGE
    PO BOX 800-900
    TOCCOA FALLS,GA30598     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 12,500
    TROY UNIVERSITY
    600 UNIVERSITY AVE
    TROY,AL36082     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    TRUETT-MCCONNELL COLLEGE
    100 ALUMNI DR
    CLEVELAND,GA30528     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    TUFTS UNIVERSITY
    DOWLING HALL 7TH FLOOR
    MEDFORD,MA02155     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    TUSKEGEE UNIVERSITY
    CARNEGIE HALL 2ND FLOOR
    TUSKEGEE,AL36088     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    UNIVERSITY AT BUFFALO
    232 CAPEN HALL
    BUFFALO,NY14261     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    UNIVERSITY OF ALABAMA
    BOX 870109
    TUSCALOOSA,AL554870109     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 12,500
    UNIVERSITY OF ALABAMA HUNTSVILLE
    UNIVERSITY CENTER 212 301 SPARKMAN
    DR
    HUNTSVILLE,AL35899     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    UNIVERSITY OF CALIFORNIA LOS ANGELES
    1147 MURPHY HALL BOX 951436
    LOS ANGELES,CA900951436     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF CHICAGO
    ADMINISTRATION BLDG 101 5801 S
    ELLIS AVE
    CHICAGO,IL60637     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF COLORADO
    UNIVERSITY OF COLORADO
    BOULDER,CO80309     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF DALLAS
    1845 E NORTHGATE DR
    IRVING,TX750624736     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF DENVER
    UNIVERSITY HALL ROOM 255 2197 S
    UNIVERSITY BLVD
    DENVER,CO80210     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF FLORIDA
    PO BOX 114025
    GAINESVILLE,FL326114025     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF GEORGIA
    220 HOLMES/HUNTER ACADEMIC BLDG
    ATHENS,GA306026114     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 385,000
    UNIVERSITY OF HOUSTON
    4800 CALHOUN ROAD
    HOUSTON,TX77004     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    UNIVERSITY OF MARY WASHINGTON
    1301 COLLEGE AVE
    FREDRICKSBURG,VA224015300     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF MICHIGAN
    2500 STUDENT ACTIVITIES BLDG 515 E
    JEFFERSON ST
    ANN ARBOR,MI481091316     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 12,500
    UNIVERSITY OF NORTH CAROLINA-CHAPEL HILL
    UNIVERSITY OF NORTH CAROLINA-CHAPEL
    HILL
    CHAPEL HILL,NC27599     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 17,500
    UNIVERSITY OF NORTH GEORGIA
    82 COLLEGE CIRCLE
    DAHLONEGA,GA30597     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 35,000
    UNIVERSITY OF NOTRE DAME
    115 MAIN BLDG
    NOTRE DAME,IN46556     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF OKLAHOMA
    1000 ASP AVE BUCHANAN HALL ROOM 216
    NORMAN,OK73019     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF PENNSYLVANIA
    140 FRANKLIN BLDG 3451 WALNUT ST
    PHILADELPHIA,PA191046270     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    UNIVERSITY OF RICHMOND
    28 WESTHAMPTON WAY SARAH BRUNET
    HALL
    RICHMOND,VA23173     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF SOUTH ALABAMA MOBILE
    390 ALUMNI CIRCLE MEISLER HALL STE
    1225
    MOBILE,AL36688     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    700 CHILDS WAY JHH 324
    LOS ANGELES,CA900890914     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    UNIVERSITY OF VIRGINIA
    PO BOX 400204
    CHARLOTTESVILLE,VA229044228     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    UNIVERSITY OF WEST GA
    1601 MAPLE ST
    CARROLLTON,GA301184400     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    UNIVERSITY OF SOUTH CAROLINA-AIKEN
    471 UNIVERSITY PKWY
    AIKEN,SC29801     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 120,000
    UNIVERSITY OF SOUTH CAROLINA-BEAUFORT
    801 CARTERET ST
    BEAUFORT,SC29902     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    UNIVERSITY OF SOUTH CAROLINA-COLUMBIA
    516 MAIN ST
    COLUMBIA,SC29208     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 415,000
    UNIVERSITY OF SOUTH CAROLINA-UPSTATE
    800 UNIVERSITY WAY
    SPARTANBURG,SC29303     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 75,000
    VALDOSTA STATE UNIVERSITY
    1500 N PATTERSON ST
    VALDOSTA,GA31698     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 17,500
    VANDERBILT UNIVERSITY
    2309 WEST END AVE
    NASHVILLE,TN372031725     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    WAKE FOREST UNIVERSITY
    PO BOX 7246
    WINSTONSALEM,NC27109     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    WASHINGTON AND LEE UNIVERSITY
    23 UNIVERSITY PL
    LEXINGTON,VA24450     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    WASHINGTON UNIVERSITY IN ST LOUIS
    ONE BROOKINGS DR CAMPUS BOX 1041
    ST LOUIS,MO63130     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    WELLESLEY COLLEGE
    106 CENTRAL ST
    WELLESLEY,MA02481     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    WESLEYAN COLLEGE
    4760 FORSYTH RD
    MACON,GA312104462     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 12,500
    WESTERN CAROLINA UNIVERSITY
    118 KILLIAN ANNEX 1 UNIVERSITY DR
    CULLOWHEE,NC28723     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    WESTERN KENTUCKY UNIVERSITY
    317 POTTER HALL 1906 COLLEGE
    HEIGHTS BLVD 11018
    BOWLING GREEN,KY421011018     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    WHEATON COLLEGE
    955 LA PAZ RD
    SANTA BARBARA,CA93108     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    WINGATE UNIVERSITY
    CAMPUS BOX 3001
    WINGATE,NC28174     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    WINTHROP UNIVERSITY
    701 OAKLAND AVE
    ROCK HILL,SC29733     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 30,000
    WOFFORD COLLEGE
    429 N CHURCH ST
    SPARTANBURG,SC293033663     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 137,500
    YALE UNIVERSITY
    PO BOX 208288 246 CHURCH ST
    NEW HAVEN,CT06520     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 7,500
    YOUNG HARRIS COLLEGE
    PO BOX 247
    YOUNG HARRIS,GA30582     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 2,500
    CHAPMAN CULTURAL CENTER INC
    200 E ST JOHN ST
    SPARTANBURG,SC29306     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 50,000
    CONFEDERATE MEMORIAL LITERARY SOCIETY
    490 TREDEGAR STREET
    RICHMOND,VA23219     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 50,000
    GEORGIA TRUST FOR HISTORIC PRESERVATION
    1516 PEACHTREE ST NE
    ATLANTA,GA30309     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 30,000
    ICAA SOUTHEAST CHAPTER
    575 PHARR RD NE SUITE 1214
    ATLANTA,GA30355     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 8,000
    OXFORD AMERICAN LITERARY PROJECT
    PO BOX 3235
    LITTLE ROCK,AR72203     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 23,000
    SPARTANBURG COUNTY PUBLIC LIBRARIES
    151 SOUTH CHURCH STREET
    SPARTANBURG,SC29301     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 24,000
    UNIVERSITY OF GEORGIA FOUNDATION
    1 PRESS PLACE
    ATHENS,GA30602     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 48,000
    ATHENS-CLARKE HERITAGE FOUNDATION
    489 PRINCE AVE
    ATHENS,GA30601     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,690
    CRAWFORD W LONG MUSEUM ASSOCIATION
    28 COLLEGE ST
    JEFFERSON,GA30549     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 1,300
    FESTIVAL HALL INC
    PO BOX 711
    GREENSBORO,GA30642     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 14,500
    JACKSON COUNTY GOVERNMENT
    67 ATHENS ST
    JEFFERSON,GA30549     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 5,000
    MONROE CULTURAL & HERITAGE MUSEUM INC
    PO BOX 506
    MONROE,GA30655     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 4,830
    WILLIAM HARRIS HOMESTEAD FOUNDATION INC
    3636 GEORGIA HWY 11
    MONROE,GA30656     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 1,555
    GEORGIA TRUST FOR HISTORIC PRESERVATION
    1516 PEACHTREE ST NW
    ATLANTA,GA30309     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 3,150
    GEORGIA'S OLD CAPITAL HERITAGE CENTER
    95 DEPOT CIRCLE
    MILLEDGEVILLE,GA31062     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 4,500
    MILLEDGEVILLE-BALDWIN CO ALLIED ARTS INC
    201 N WAYNE ST
    MILLEDGEVILLE,GA31061     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 3,600
    MONTICELLO HISTORIC PRESERVATION COMMISSN
    123 WEST WASHINGTON ST
    MONTICELLO,GA31064     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 825
    STEFFAN THOMAS MUSEUM OF ART
    4200 BETHANY RD
    BUCKHEAD,GA30625     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 4,854
    WASHINGTON CO HISTORICAL SOCIETY
    129 JONES ST
    SANDERSVILLE,GA31082     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 4,000
    ABBEVILLE COUNTY HISTORICAL SOCIETY
    305 N MAIN ST
    ABBEVILLE,SC29620     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 10,000
    DELTA HOUSE INC
    1116 PHILLIPS ST
    AUGUSTA,GA30901     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 1,000
    FRIENDS OF CHERRY GROVE SCHOOLHOUSE INC
    1878 DANBURG RD
    WASHINGTON,GA30673     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 15,100
    LINCOLN COUNTY HISTORICAL SOCIETY
    PO BOX 869
    LINCOLNTON,GA30817     		  PUBLIC AWARDED SCHOLARSHIP GRANTS 3,000
    Total .................................bullet 3a 4,295,685
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,640  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 19,905  
    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 8,163,463  
    9 Net income or (loss) from special events:     02 484  
    10 Gross profit or (loss) from sales of inventory         3,373
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 14,444,474 3,973
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    14,448,447
    (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.)
    1A TOURS OF HICKORY HILL, HISTORIC HOME OF THOMAS E. WATSON
    1B TEACHER WORKSHOP TO TRAIN IN THE USE OF PRIMARY SOURCE MATERIALS
    1B ENVIRONMENTAL AND ARCHEOLOGICAL EDUCATION OF CHILDREN AND YOUNG ADULTS
    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:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 37,700 18,850   18,850

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SALE OF EQUIPMENT   PURCHASED     741   COST 0 741  

    TY 2021 GeneralExplanationAttachment
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Identifier Return Reference Explanation
    COLUMN (A) & COLUMN (B) DIFFERENCES FORM 990-PF, PART I: COLUMN (B) INCLUDES ADDITIONAL PASS-THRU K-1 NET INCOME LESS PASS-THRU K-1 UBTI NET INCOME

    TY 2021 InvestmentsOtherSchedule2
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    TIMBER AT COST 2,442,405 1,605,916
    ALTERNATIVE PARTNERSHIP INVESTMENTS AT COST 124,304,471 158,344,577

    TY 2021 OtherAssetsSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ARTWORK 312,114 385,748 385,748
    TIMBER - HARDWOOD 208,883 0 0
    HICKORY HILL LIBRARY 40,001 40,001 40,001


    TY 2021 OtherExpensesSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 71,767 0   71,767
    OFFICE EXPENSES 143,496 14,350   129,146
    INFORMATION TECH 40,282 4,028   36,254
    INSURANCE 71,793 6,146   65,647
    MEMBERSHIPS 14,764 0   14,764
    BANK CHARGES 811 81   730
    BOD EXPENSES 6,760 0   6,760
    DUES & SUBSCRIPTIONS 600 0   600
    EQUIPMENT/LICENSE/RENTAL 25,833 2,583   23,250
    POSTAGE 2,732 273   2,459
    TRAINING 1,421 0   1,421
    SPONSORSHIP 47,700 0   47,700
    HONORARIA, AWARDS & RECOGNITION 65,411 0   65,411
    RESEARCH & DEVELPMENT 3,000 0   3,000
    NON-DEDUCTABLE PORTFOLIO EXPENSES 3,628 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SUMMER CAMPS 600   600
    GROSS INCOME FROM SPECIAL FUNDRAISING EVENTS 484   484


    TY 2021 OtherLiabilitiesSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAX PAYABLE 9,887 9,979
    NB SECONDARY OPP FUND II 142,721 0
    MERCER PRIVATE INVESTMENT PARTNER VI LP 28,577 0
    SALES TAX PAYABLE 0 110


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 905,472 905,472   0
    OTHER FEES 11,136 8,540   2,596


    TY 2021 TaxesSchedule
    Name:
    WATSON-BROWN FOUNDATION INC
    EIN:
    23-7097393
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 57,104 5,710   51,394
    EXCISE TAX 38,993 0   0
    PROPERTY TAXES 8,919 892   8,027
    FOREIGN TAXES PAID 89,441 89,441   0