Form990-PF
Click to see list of attachments
Click to see list of attachmentsClick to see list of attachments

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
Donnie Williams Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)145 East Carroll St Unit 201
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Salisbury, MD21801
A Employer identification number

45-5442255
B Telephone number (see instructions)

(410) 749-5350
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$26,525,466J 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) 3,344,704
2 Check bullet.............
3 Interest on savings and temporary cash investments 344 344  
4 Dividends and interest from securities... 338,365 338,365  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 577,341
b Gross sales price for all assets on line 6a 4,947,080
7 Capital gain net income (from Part IV, line 2)... 577,342
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 464,336 473,875  
12 Total. Add lines 1 through 11........ 4,725,090 1,389,926  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000     60,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 31,115 31,115 0 0
b Accounting fees (attach schedule)....... Click to see attachment 8,710 7,710 0 1,000
c Other professional fees (attach schedule).... Click to see attachment 179,391 179,391    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12,358 1,958    
19 Depreciation (attach schedule) and depletion...     0
20 Occupancy.............. 331 331    
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 121,601 61,108   60,493
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 413,506 281,613 0 121,493
25 Contributions, gifts, grants paid....... 770,757 770,757
26 Total expenses and disbursements. Add lines 24 and 25 1,184,263 281,613 0 892,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,540,827
b Net investment income (if negative, enter -0-) 1,108,313
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......... 532,336 1,123,382 1,123,382
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 670,650 Click to see attachment265,510 240,821
b Investments—corporate stock (attach schedule)....... 8,839,319 Click to see attachment12,313,757 17,173,469
c Investments—corporate bonds (attach schedule)....... 2,117,455 Click to see attachment2,188,274 2,202,393
11 Investments—land, buildings, and equipment: basis bullet1,027,000
Less: accumulated depreciation (attach schedule) bullet   1,027,000 Click to see attachment1,027,000 507,000
12 Investments—mortgage loans............. 646,735 669,967 671,656
13 Investments—other (attach schedule).......... 2,467,704 Click to see attachment2,254,136 4,606,745
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,301,199 19,842,026 26,525,466
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 16,301,199 19,842,026
29 Total net assets or fund balances (see instructions)..... 16,301,199 19,842,026
30 Total liabilities and net assets/fund balances (see instructions). 16,301,199 19,842,026
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
16,301,199
2
Enter amount from Part I, line 27a .....................
2
3,540,827
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
19,842,026
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
19,842,026
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 Publicly-traded Securities      
b MORTGAGE REC - ADVANCED FENZEL HOLDINGS LLC P 2016-12-30 2021-08-02
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 4,822,080   4,156,327 665,753
b 125,000   213,411 -88,411
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       665,753
b       -88,411
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 2 577,342
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 15,406
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 15,406
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 33,224
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 33,224
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 17,818
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet17,818 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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)
    bulletMD
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Allen BrownClick to see attachment Dir
    1.0     		12,000 0 0
    145 East Carroll St Unit 201
    Salisbury,MD21801
    Mark GrangerClick to see attachment Dir, Pres, Treas
    4.0     		12,000 0 0
    145 East Carroll St Unit 201
    Salisbury,MD21801
    Greg JohnsonClick to see attachment Dir
    1.0     		12,000 0 0
    145 East Carroll St Unit 201
    Salisbury,MD21801
    Kenneth Kirk KinnamonClick to see attachment Dir
    1.0     		12,000 0 0
    145 East Carroll St Unit 201
    Salisbury,MD21801
    Kimberly RoemerClick to see attachment Dir, Sec
    4.0     		12,000 0 0
    145 East Carroll St Unit 201
    Salisbury,MD21801
    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
     
    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
    Morgan Stanley Investment Mgt 167,956
    1290 Ave of the Americas 12th FL
    NEW YORK,NY10104
    Foundation Source Administrative 58,227
    55 Walls Drive 3rd Fl
    Fairfield,CT06824
    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
    17,587,981
    b
    Average of monthly cash balances.......................
    1b
    1,441,221
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,597,372
    d
    Total (add lines 1a, b, and c).........................
    1d
    24,626,574
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    24,626,574
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    369,399
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    24,257,175
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,212,859
    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
    1,212,859
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    15,406
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    15,406
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,197,453
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,197,453
    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
    1,197,453
    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 1,197,453
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 42,321
    b Total for prior years:2019, 2018, 2017  
    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$ 892,250
    a Applied to 2020, but not more than line 2a 42,321
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 849,929
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		347,524
    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 ......     		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.... 0
    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).)
    NONE
    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:
    Mark Granger
    145 East Carroll St Unit 201
    Salisbury,MD21801
    (410) 749-5350
    premiersupport@foundationsource.com
    bThe form in which applications should be submitted and information and materials they should include:
    Form is on website: www.dwfsby.org
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Criteria on website
    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
    ART LEAGUE OF OCEAN CITY INC
    PO BOX 3503
    OCEAN CITY,MD21843     		N/A PC Art Adventure Camp 10,000
    BIG BROTHERS BIG SISTERS OF THE EASTERN SHORE INC
    200 W MAIN ST STE 300
    SALISBURY,MD21801     		N/A PC Youth Mentoring Program 10,000
    CHRISTIAN SHELTER INC
    334 BARCLAY ST
    SALISBURY,MD21804     		N/A PC Youth Mission - Mentoring & Enrichment 23,500
    DELMARVA DISCOVERY CENTER & MUSEUM INC
    2 MARKET ST
    POCOMOKE CITY,MD21851     		N/A PC Otter air purification 10,000
    EASTERSEALS DELAWARE & MARYLANDS EASTERN SHORE INC
    61 CORPORATE CIR
    NEW CASTLE,DE19720     		N/A PC Salisbury Children's Therapy - Support of Therapist Position 30,000
    ELEVEN 21 INC
    7545 LEVIN DASHIELL RD
    HEBRON,MD21830     		N/A PC Epoch Dream Center After-School and Summer Program 50,000
    GIRL SCOUTS OF THE CHESAPEAKE BAY COUNCIL INC
    225 OLD BALTIMORE PIKE
    NEWARK,DE19702     		N/A PC Girl Scout Leadership Experience - Financial Assistance and "Program on the Move" 20,000
    JUNIOR ACHIEVEMENT OF THE EASTERN SHORE
    327 TILGHMAN RD 100
    SALISBURY,MD21804     		N/A PC JA Finance Park Virtual 25,000
    SALISBURY URBAN MINISTRIES
    PO BOX 1792
    SALISBURY,MD21802     		N/A PC Salisbury Urban Ministries Kid's Cafe 10,000
    SALVATION ARMY
    407 OAK ST
    SALISBURY,MD21804     		N/A PC Youth Club School & Summer Camp 10,000
    ST MARYS RYKEN INC
    22600 CAMP CALVERT RD
    LEONARDTOWN,MD20650     		N/A PC Donnie Williams Center 150,000
    ST MARYS RYKEN INC
    22600 CAMP CALVERT RD
    LEONARDTOWN,MD20650     		N/A PC General & Unrestricted 250,000
    THE CHILD & FAMILY FOUNDATION INC
    200 W MAIN ST
    SALISBURY,MD21801     		N/A PC 1 Year to Empowerment 20,000
    UNITED WAY OF THE LOWER EASTERN SHORE INC
    803 N SALISBURY BLVD STE 2100
    SALISBURY,MD21801     		N/A PC Dolly Parton's Imagination Library 37,500
    VILLAGE OF HOPE INC
    1001 LAKE ST
    SALISBURY,MD21801     		N/A PC Empowering Children's Project 28,218
    WICOMICO COUNTY
    500 GLEN AVE
    SALISBURY,MD21804     		N/A GOV Inclusive Playground Project 20,000
    WICOMICO COUNTY BOARD OF EDUCATION Pinehurst Elem
    PO BOX 1538
    SALISBURY,MD21804     		N/A PC English for Speakers of Other Languages (ESOL) Community Liason 32,595
    WICOMICO COUNTY BOARD OF EDUCATION Pinehurst Elem
    PO BOX 1538
    SALISBURY,MD21804     		N/A PC Choices Acadeny Family/Student Programs 16,170
    WORCESTER COUNTY BOARD OF EDUCATION
    6270 WORCESTER HWY
    NEWARK,MD21841     		N/A GOV WCPS Summer STEM Academy (for grades 6-8) 9,774
    WORCESTER COUNTY G O L D INC
    PO BOX 335
    SNOW HILL,MD21863     		N/A PC Summer Activities for At-Risk Youth 8,000
    Total .................................bullet 3a 770,757
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		    14 344  
    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 ............     		    18 577,341  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -9,539 14 27,733  
    bLAWSUIT PROCEEDS     01 409,719  
    cMORTGAGE RECEIVABLE     14 36,423  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -9,539 1,389,925  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,380,386
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    Donnie Williams Foundation Inc
     
    Employer identification number

    45-5442255
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    Donnie Williams Foundation Inc
          		Employer identification number
    45-5442255
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Donald Edwin Williams Irrevocable T
    c/o Ober Kaler Grimes Shriver 100 L
     
    Baltimore, MD21202

    		$ 3,344,704


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    Donnie Williams Foundation Inc
          		Employer identification number

    45-5442255
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - STEPHEN & PATREICIA BOYD $ 205,231 2021-04-05
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - PURA VIDA HOLDINGS LLC $ 40,417 2021-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    Donnie Williams Foundation Inc
          		Employer identification number

    45-5442255
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 8,710 7,710   1,000

    TY 2021 CompensationExplanation
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Person Name Explanation
    Mark Granger *MARK GRANGER, DIRECTOR/PRESIDENT/TREASURER OF DONNIE WILLIAMS FOUNDATION INC. (THE "FOUNDATION"), IS A PARTNER AT THE ACCOUNTING FIRM OF GRANGER & MAGEE PA, A DISQUALIFIED PERSON WHICH PROVIDES ACCOUNTING SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2021, THE FOUNDATION PAID $7,710 FOR ACCOUNTING SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16B. SUCH ACCOUNTING FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS.
    Kenneth Kirk Kinnamon *KENNETH KIRK KINNAMON, DIRECTOR OF DONNIE WILLIAMS FOUNDATION, INC. (THE "FOUNDATION") IS AN OWNER AT THE CONSTRUCTION FIRM OF KIRK KINNAMON CONSTRUCTION, A DISQUALIFIED PERSON WHICH PROVIDES PROPERTY MANAGEMENT SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31,2021, THE FOUNDATION PAID $12,518 FOR REAL ESTATE CONSULTING AND PROPERTY MANAGEMENT SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16C AND 23 RESPECTIVELY. SUCH PROPERTY MANAGEMENT FIRM BILLED THE FOUNDATION AT OR BELOW MARKET RATE.

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

    TY 2021 DepreciationSchedule
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    PARCEL #13-061726   7,000   L       0  
    PARCEL #16-002836   157,129   L       0  
    PARCEL #16-002844   7,990   L       0  
    PARCEL #16-002852   7,990   L       0  
    PARCEL #16-002860   7,990   L       0  
    PARCEL #16-002879   7,990   L       0  
    PARCEL #16-002887   7,990   L       0  
    PARCEL #16-002895   7,990   L       0  
    PARCEL #16-002909   7,990   L       0  
    PARCEL #16-002917   21,305   L       0  
    PARCEL #16-003522   2,663   L       0  
    PARCEL #16-003530   3,995   L       0  
    PARCEL #16-003549   2,663   L       0  
    PARCEL #16-003557   3,995   L       0  
    PARCEL #16-003565   3,995   L       0  
    PARCEL #16-006858   15,979   L       0  
    PARCEL #16-006866   15,979   L       0  
    PARCEL #16-006874   11,984   L       0  
    PARCEL #16-007935   3,995   L       0  
    PARCEL #16-007943   3,995   L       0  
    PARCEL #16-007951   3,995   L       0  
    PARCEL #16-007978   3,995   L       0  
    PARCEL #16-007986   3,995   L       0  
    PARCEL #16-007994   3,995   L       0  
    PARCEL #16-008168   2,663   L       0  
    PARCEL #16-008184   2,663   L       0  
    PARCEL #16-008206   2,663   L       0  
    PARCEL #16-008214   1,332   L       0  
    PARCEL #16-008222   2,663   L       0  
    PARCEL #16-008230   2,663   L       0  
    PARCEL #16-008249   2,663   L       0  
    PARCEL #16-008257   2,663   L       0  
    PARCEL #16-008265   2,663   L       0  
    PARCEL #16-008273   2,663   L       0  
    PARCEL #16-008281   2,663   L       0  
    PARCEL #16-008303   2,663   L       0  
    PARCEL #16-008311   2,663   L       0  
    PARCEL #16-008338   2,663   L       0  
    PARCEL #16-008346   2,663   L       0  
    PARCEL #16-008354   2,663   L       0  
    PARCEL #16-008362   2,663   L       0  
    PARCEL #16-008370   2,663   L       0  
    PARCEL #16-008389   2,663   L       0  
    PARCEL #16-008397   2,663   L       0  
    PARCEL #16-008400   2,663   L       0  
    PARCEL #16-008419   2,663   L       0  
    PARCEL #16-008427   2,663   L       0  
    PARCEL #16-008435   2,663   L       0  
    PARCEL #16-008443   2,663   L       0  
    PARCEL #16-008451   2,663   L       0  
    PARCEL #16-008478   2,663   L       0  
    PARCEL #16-008486   2,663   L       0  
    PARCEL #16-008494   2,663   L       0  
    PARCEL #16-008508   2,663   L       0  
    PARCEL #16-008516   2,663   L       0  
    PARCEL #16-008524   2,663   L       0  
    PARCEL #16-008532   3,995   L       0  
    PARCEL #16-008540   3,995   L       0  
    PARCEL #16-016276   13,316   L       0  
    PARCEL #16-016365   21,305   L       0  
    PARCEL #16-016373   2,663   L       0  
    PARCEL #16-016381   2,663   L       0  
    PARCEL #16-016403   2,663   L       0  
    PARCEL #16-016411   2,663   L       0  
    PARCEL #16-016438   2,663   L       0  
    PARCEL #16-016446   2,663   L       0  
    PARCEL #16-016454   2,663   L       0  
    PARCEL #16-016462   2,663   L       0  
    PARCEL #16-016470   2,663   L       0  
    PARCEL #16-016500   2,663   L       0  
    PARCEL #16-016527   2,663   L       0  
    PARCEL #16-016543   2,663   L       0  
    PARCEL #16-016578   2,663   L       0  
    PARCEL #16-016594   2,663   L       0  
    PARCEL #16-016616   2,663   L       0  
    PARCEL #16-016632   2,663   L       0  
    PARCEL #16-016659   2,663   L       0  
    PARCEL #16-016675   2,663   L       0  
    PARCEL #16-016691   2,663   L       0  
    PARCEL #16-016713   3,995   L       0  
    PARCEL #16-016721   3,995   L       0  
    PARCEL #16-016748   5,326   L       0  
    PARCEL #16-016756   5,326   L       0  
    PARCEL #16-016764   7,990   L       0  
    PARCEL #16-016772   5,326   L       0  
    PARCEL #16-016780   5,326   L       0  
    PARCEL #16-016799   5,326   L       0  
    PARCEL #16-016802   5,326   L       0  
    PARCEL #16-016810   6,658   L       0  
    PARCEL #16-016829   6,658   L       0  
    PARCEL #16-016837   6,658   L       0  
    PARCEL #16-016845   6,658   L       0  
    PARCEL #16-016853   6,658   L       0  
    PARCEL #16-016861   6,658   L       0  
    PARCEL #16-016888   6,658   L       0  
    PARCEL #16-016896   6,658   L       0  
    PARCEL #16-016918   7,990   L       0  
    PARCEL #16-016926   7,990   L       0  
    PARCEL #16-016934   7,990   L       0  
    PARCEL #16-016942   7,990   L       0  
    PARCEL #16-016950   7,990   L       0  
    PARCEL #16-018376   173,108   L       0  
    PARCEL #16-020559   9,321   L       0  
    PARCEL #16-020567   11,984   L       0  
    PARCEL #16-027332   5,326   L       0  
    PARCEL #16-028800   54,596   L       0  
    PARCEL #16-028819   59,923   L       0  
    PARCEL #16-028827   67,912   L       0  

    TY 2021 GeneralExplanationAttachment
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Identifier Return Reference Explanation
    Form 8858 Form 8858 The Foundation has prepared this form to the best of its ability based on the information provided to it by the foreign disregarded entity on which the Foundation is reporting. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
    Form 8865 Form 8865 The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
    Form 926 Form 926 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALBEMARLE CORP - 4.150% - 12/0 106,890 107,117
    ALLY FINL - 5.125% - 09/30/202 52,562 54,642
    ALLY FINL INC - 3.050% - 06/05 50,614 51,268
    BARCLAYS BANK PLC SER A MTN ZE 200,000 195,780
    BARCLAYS BANK PLC SER A MTN ZE 200,000 198,980
    CAPITAL ONE FINL CORP - 3.200% 96,692 102,432
    CREDIT SUISSE NEW YORK BRANCH 199,999 195,100
    GENL MOTORS FINL CO INC - 4.25 103,600 104,077
    GOLDMAN SACHS GROUP INC - 4.00 104,517 106,036
    GOODYEAR TIRE & RUBR - 5.000% 102,250 102,625
    HUNTINGTON BANCSHARES INC BOND 50,255 50,750
    KRAFT HEINZ FOODS - 3.000% - 0 102,181 104,637
    MICRON TECHNOLOGY INC - 4.185% 75,476 82,133
    MORGAN STANLEY FIN LLC SER A M 200,000 195,710
    SVB FINANCIAL GROUP BOND PERPE 50,720 51,435
    THOMSON REUTERS CORP NT - 4.30 130,127 131,361
    UNITED RENTALS INC - 3.875% - 51,025 50,750
    WALGREENS BOOTS ALLIANCE - 3.4 103,229 106,454
    WELLS FARGO & CO - 3.000% - 10 105,200 105,121
    WHIRLPOOL CORP SR NT - 4.000% 102,937 105,985

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 176,640 194,150
    ABBVIE INC 101,696 137,973
    ACCENTURE PLC 120,003 159,187
    ADOBE SYSTEMS, INC 362,243 493,909
    AIR LEASE CORP - PFD CLASS A 48,152 51,920
    ALPHABET INC CL A 320,176 573,614
    AMAZON COM 444,704 640,194
    ANGEL OAK MULTI-STRATEGY INCOM 281,410 278,394
    APOLLO GLOBAL MANAGEMENT, INC 103,370 100,098
    APPLE INC 474,464 969,533
    BERKSHIRE HATHAWAY INC. CLASS 278,637 403,351
    BROADCOM INC 218,630 466,452
    CAPITAL ONE FINCL CORP 5.000% 50,548 53,500
    CAPITAL ONE FINL DS REPRESENTI 24,910 26,020
    CITI BANK PFD 5.625% 51,014 53,900
    CITIGROUP INC PFD SER D - 6.87 28,290 27,640
    COMMUNICATION SVCS SLCT SCTR S 155,060 152,020
    COSTAR GROUP, INC 210,850 192,043
    COSTCO WHOLESALE CORPORATION 82,951 165,768
    DELTA AIR LINES INC 248,027 288,449
    FIRST REPUBLIC BANK PFD SER I 27,572 26,970
    GLOBAL X FINTECH 175,400 164,163
    GRACO INC 203,835 292,570
    GS TRIGGER PLUS SX5E 150,000 164,130
    GS WORSTOF AUTO-CALLABLE TRIGG 100,000 108,960
    GS WORSTOF AUTO-CALLABLE TRIGG 200,000 193,480
    GUGGENHEIM MACRO OPPORTUNITIES 281,440 279,560
    HIGHLAND INCOME FUND 50,877 51,880
    HOME DEPOT INC 171,375 382,224
    HONEYWELL INTL 32,963 40,451
    INTUIT 56,866 137,649
    INTUITIVE SURGICAL 100,515 159,529
    INVESCO TAXABLE MUNICIPAL BOND 29,632 29,433
    ISHARES 20+ YR TREAS BD 88,420 90,840
    ISHARES BARCLAYS TIPS BOND FUN 183,925 185,144
    JACOBS ENGINEERING GP 103,850 99,549
    JOHNSON & JOHNSON 363,012 428,530
    JP MORGAN CHASE 436,238 620,258
    KEYCORP PFD SER G DRC 27,681 27,220
    MEDTRONIC PLC 103,622 95,484
    MERCHANTS BANCORP IND 6.000% P 49,140 52,180
    META PLATFORMS INC 452,818 754,770
    MICRON TECHNOLOGY 115,344 290,721
    MICROSOFT CORP 529,696 962,213
    MS PARTICIPATION SEC. W/ MIN R 200,000 278,020
    MSCI INC 63,365 150,722
    NETFLIX INC 122,180 159,647
    NIKE INC-CL B 163,620 233,338
    NVIDIA CORP 144,156 343,520
    OLD DOMINION FREIGHT LINE 148,947 522,876
    PACCAR INC 99,376 125,771
    PACKAGING CORP AMER 148,692 163,652
    PALANTIR TECHNOLOGIES INC 200,928 173,250
    PAYPAL HOLDINGS, INC 73,232 59,591
    PIMCO MORTGAGE OPPORTUNITIES F 280,900 277,877
    PROCTER GAMBLE CO 94,039 137,080
    PRUDENTIAL SHORT-TERM CORPOROR 50,548 49,749
    REPUBLIC SVCS INC 115,174 168,316
    S&P GLOBAL INC COM 63,756 132,140
    SALESFORCE.COM 357,926 381,957
    SPDR GOLD SHARES 92,605 94,883
    STARBUCKS CORP COM 330,114 417,232
    SYNCHRONY FINANCIAL 5.625% A 49,997 53,860
    UBER 142,125 125,203
    UNITEDHEALTH GROUP INC 385,710 541,307
    VANGUARD SMALL-CAP VALUE ETF 359,252 466,977
    VERISIGN INC 119,382 220,062
    VISA INC 262,030 286,924
    WAL-MART STORES INC 59,758 77,409
    WALT DISNEY HOLDINGS CO 199,253 193,767
    WELLS FARGO COMPANY PREFERRED 76,372 77,580
    ZOETIS INC 94,324 194,736

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    265,510
    State & Local Government Securities - End of Year Fair Market Value:


    240,821


    TY 2021 InvestmentsLandSchedule2
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    PARCEL #13-061726 7,000   7,000 7,000
    PARCEL #16-002836 157,129   157,129 157,129
    PARCEL #16-002844 7,990   7,990 7,990
    PARCEL #16-002852 7,990   7,990 7,990
    PARCEL #16-002860 7,990   7,990 7,990
    PARCEL #16-002879 7,990   7,990 7,990
    PARCEL #16-002887 7,990   7,990 7,990
    PARCEL #16-002895 7,990   7,990 7,990
    PARCEL #16-002909 7,990   7,990 7,990
    PARCEL #16-002917 21,305   21,305 21,305
    PARCEL #16-003522 2,663   2,663 2,663
    PARCEL #16-003530 3,995   3,995 3,995
    PARCEL #16-003549 2,663   2,663 2,663
    PARCEL #16-003557 3,995   3,995 3,995
    PARCEL #16-003565 3,995   3,995 3,995
    PARCEL #16-006858 15,979   15,979 15,979
    PARCEL #16-006866 15,979   15,979 15,979
    PARCEL #16-006874 11,984   11,984 11,984
    PARCEL #16-007935 3,995   3,995 3,995
    PARCEL #16-007943 3,995   3,995 3,995
    PARCEL #16-007951 3,995   3,995 3,995
    PARCEL #16-007978 3,995   3,995 3,995
    PARCEL #16-007986 3,995   3,995 3,995
    PARCEL #16-007994 3,995   3,995 3,995
    PARCEL #16-008168 2,663   2,663 2,663
    PARCEL #16-008184 2,663   2,663 2,663
    PARCEL #16-008206 2,663   2,663 2,663
    PARCEL #16-008214 1,332   1,332 1,332
    PARCEL #16-008222 2,663   2,663 2,663
    PARCEL #16-008230 2,663   2,663 2,663
    PARCEL #16-008249 2,663   2,663 2,663
    PARCEL #16-008257 2,663   2,663 2,663
    PARCEL #16-008265 2,663   2,663 2,663
    PARCEL #16-008273 2,663   2,663 2,663
    PARCEL #16-008281 2,663   2,663 2,663
    PARCEL #16-008303 2,663   2,663 2,663
    PARCEL #16-008311 2,663   2,663 2,663
    PARCEL #16-008338 2,663   2,663 2,663
    PARCEL #16-008346 2,663   2,663 2,663
    PARCEL #16-008354 2,663   2,663 2,663
    PARCEL #16-008362 2,663   2,663 2,663
    PARCEL #16-008370 2,663   2,663 2,663
    PARCEL #16-008389 2,663   2,663 2,663
    PARCEL #16-008397 2,663   2,663 2,663
    PARCEL #16-008400 2,663   2,663 2,663
    PARCEL #16-008419 2,663   2,663 2,663
    PARCEL #16-008427 2,663   2,663 2,663
    PARCEL #16-008435 2,663   2,663 2,663
    PARCEL #16-008443 2,663   2,663 2,663
    PARCEL #16-008451 2,663   2,663 2,663
    PARCEL #16-008478 2,663   2,663 2,663
    PARCEL #16-008486 2,663   2,663 2,663
    PARCEL #16-008494 2,663   2,663 2,663
    PARCEL #16-008508 2,663   2,663 2,663
    PARCEL #16-008516 2,663   2,663 2,663
    PARCEL #16-008524 2,663   2,663 2,663
    PARCEL #16-008532 3,995   3,995 3,995
    PARCEL #16-008540 3,995   3,995 3,995
    PARCEL #16-016276 13,316   13,316 13,316
    PARCEL #16-016365 21,305   21,305 21,305
    PARCEL #16-016373 2,663   2,663 2,663
    PARCEL #16-016381 2,663   2,663 2,663
    PARCEL #16-016403 2,663   2,663 2,663
    PARCEL #16-016411 2,663   2,663 2,663
    PARCEL #16-016438 2,663   2,663 2,663
    PARCEL #16-016446 2,663   2,663 2,663
    PARCEL #16-016454 2,663   2,663 2,663
    PARCEL #16-016462 2,663   2,663 2,663
    PARCEL #16-016470 2,663   2,663 2,663
    PARCEL #16-016500 2,663   2,663 2,663
    PARCEL #16-016527 2,663   2,663 2,663
    PARCEL #16-016543 2,663   2,663 2,663
    PARCEL #16-016578 2,663   2,663 2,663
    PARCEL #16-016594 2,663   2,663 2,663
    PARCEL #16-016616 2,663   2,663 2,663
    PARCEL #16-016632 2,663   2,663 2,663
    PARCEL #16-016659 2,663   2,663 2,663
    PARCEL #16-016675 2,663   2,663 2,663
    PARCEL #16-016691 2,663   2,663 2,663
    PARCEL #16-016713 3,995   3,995 3,995
    PARCEL #16-016721 3,995   3,995 3,995
    PARCEL #16-016748 5,326   5,326 5,326
    PARCEL #16-016756 5,326   5,326 5,326
    PARCEL #16-016764 7,990   7,990 7,990
    PARCEL #16-016772 5,326   5,326 5,326
    PARCEL #16-016780 5,326   5,326 5,326
    PARCEL #16-016799 5,326   5,326 5,326
    PARCEL #16-016802 5,326   5,326 5,326
    PARCEL #16-016810 6,658   6,658 6,658
    PARCEL #16-016829 6,658   6,658 6,658
    PARCEL #16-016837 6,658   6,658 6,658
    PARCEL #16-016845 6,658   6,658 6,658
    PARCEL #16-016853 6,658   6,658 6,658
    PARCEL #16-016861 6,658   6,658 6,658
    PARCEL #16-016888 6,658   6,658 6,658
    PARCEL #16-016896 6,658   6,658 6,658
    PARCEL #16-016918 7,990   7,990 7,990
    PARCEL #16-016926 7,990   7,990 7,990
    PARCEL #16-016934 7,990   7,990 7,990
    PARCEL #16-016942 7,990   7,990 7,990
    PARCEL #16-016950 7,990   7,990 7,990
    PARCEL #16-018376 173,108   173,108 173,108
    PARCEL #16-020559 9,321   9,321 9,321
    PARCEL #16-020567 11,984   11,984 11,984
    PARCEL #16-027332 5,326   5,326 5,326
    PARCEL #16-028800 54,596   54,596 54,596
    PARCEL #16-028819 59,923   59,923 59,923
    PARCEL #16-028827 67,912   67,912 67,912

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ASHBRIDGE TRANSFORMATIONAL SEC   154,598 155,000
    ATLANTIC UNION BANKSHARES   759 43
    CAMDEN LANDING LLC   1 1
    HSB BANCORP INC   105,425 126,510
    MESA WEST REAL ESTATE INCOME F   25,667 28,847
    MILLENIUM INTL LTD CLASS HH-C   1,000,001 1,365,281
    Z CAPITAL PARTNERS II-A, L.P   967,685 2,931,063

    TY 2021 LegalFeesSchedule
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 31,115 31,115    


    TY 2021 OtherExpensesSchedule
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 58,066     58,066
    Bank Charges 50 50    
    INDEMNIFICATION INSURANCE 1,726     1,726
    K-1 Exp ASHBRIDGE TRANSFORMATI 668 668    
    K-1 Exp MESA WEST REAL ESTATE 3,180 3,180    
    K-1 Exp Z CAPITAL PARTNERS II- 53,029 53,029    
    Postage/Delivery Service 161     161
    Property insurance 756 756    
    Property Maintenance 3,425 3,425    
    WEBSITE HOSTING/SUPPORT 540     540


    TY 2021 OtherIncomeSchedule2
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss ASHBRIDGE TRANSFORMATIONAL SECONDARIE 266 266  
    K-1 Inc/Loss Z CAPITAL PARTNERS II-A, L.P 17,928 27,467  
    Lawsuit Proceeds 409,719 409,719  
    Interest Income from Mortgage Receivable 36,423 36,423  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 167,956 167,956    
    REAL ESTATE CONSULTING 9,392 9,392    
    LAND SURVEYING 2,043 2,043    


    TY 2021 ReasonableCauseExplanation
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Explanation:
    The Foundation's tax preparer is located in Nassau County, NY, which, per IRS release NY-2021-01 announced on September 9, 2021, is included in the list of localities that constitute a covered disaster area for purposes of Treas. Reg. Sec. 301.7508A-1(d)(2) and are entitled to tax relief due to Hurricane Ida. Additional time was needed to calculate and transmit the tax payment. Therefore, Form 2220 indicates that the Q3 or Q4 estimated tax payment made on or before the extended deadline of February 15, 2022 was, in fact, made timely on the original due date of such payment. We respectfully request that no late payment penalties be assessed in connection with such payment(s) per Treas. Reg. Sec. 301.7508A-1(c)(1).

    TY 2021 TaxesSchedule
    Name:
    Donnie Williams Foundation Inc
    EIN:
    45-5442255
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2021 10,400      
    Property Taxes 1,958 1,958