Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 08-01-2021 , and ending 07-31-2022
Name of foundation
CARNAHAN-JACKSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)800 STATE STREET SUITE 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ERIE, PA16501
A Employer identification number

16-6151608
B Telephone number (see instructions)

(814) 871-5959
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$12,888,266J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 392,227 387,484  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 603,029
b Gross sales price for all assets on line 6a 1,929,853
7 Capital gain net income (from Part IV, line 2)... 603,029
8 Net short-term capital gain......... 0
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 2,314 2,314  
12 Total. Add lines 1 through 11........ 997,570 992,827  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 31,565 15,782   15,782
14 Other employee salaries and wages...... 82,828 0 0 82,828
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 21,322 21,322   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 16,366 5,664   750
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 8,959 18   8,941
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 161,040 42,786 0 108,301
25 Contributions, gifts, grants paid....... 666,425 666,425
26 Total expenses and disbursements. Add lines 24 and 25 827,465 42,786 0 774,726
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 170,105
b Net investment income (if negative, enter -0-) 950,041
c Adjusted net income (if negative, enter -0-)... 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......... 616,072 969,177 969,177
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,051,775 Click to see attachment6,109,172 9,133,910
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,067,628 Click to see attachment2,817,169 2,748,052
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment47,879 Click to see attachment37,127 Click to see attachment37,127
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,783,354 9,932,645 12,888,266
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
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........ 9,783,354 9,932,645
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 9,783,354 9,932,645
30 Total liabilities and net assets/fund balances (see instructions). 9,783,354 9,932,645
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
9,783,354
2
Enter amount from Part I, line 27a .....................
2
170,105
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
9,449
4
Add lines 1, 2, and 3 ..........................
4
9,962,908
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
30,263
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,932,645
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 75000. DISCOVER BANK CD 3.000% DUE 08/02/2021   2018-07-24 2021-08-02
b 55000. GE CAP FINL INC CD 2.90000% 08/12/2021   2012-02-13 2021-08-12
c 50000. BERKSHIRE HATHAWAY INC DEL 3.75000% 08/15/2021   2012-02-13 2021-08-15
d 50000. METROPOLITAN TRANSN AUTH N Y 5.36900% 11/15/2021   2012-02-09 2021-11-15
e 50000. CAPITAL ONE BK USA NATL ASSN CD 2.000% DUE 11/23/2021   2018-07-24 2021-11-23
42491.869 T. ROWE PRICE FLOATING RATE     2021-12-03
260. COSTCO WHOLESALE CORP   2012-02-09 2021-12-07
1019. ISHARES MSCI EUROPE SMALL-CAP ETF   2018-07-23 2021-12-07
546. LOWES COMPANIES INC COM   2012-02-09 2021-12-07
977. WISDOMTREE EUROPE SMALLCAP DIVIDEND FUND   2017-07-18 2021-12-07
4975.124 BARON SMALL CAP INSTL     2021-12-08
1659.554 WILLIAM BLAIR INTL GROWTH CLASS N     2021-12-08
1462.599 DODGE & COX INTERNATIONAL STOCK FUND     2021-12-08
. ROYCE FD TOTAL RETURN   2012-02-13 2021-12-08
6926.407 ROYCE FD TOTAL RETURN   2012-02-13 2021-12-08
60000. GEORGIA MUN ELEC AUTH PWR 4.43000% DUE 01/01/2022   2012-02-09 2022-01-01
100000. GOLDMAN SACHS BK USA NY 2.80000% 02/15/2022CD   2012-02-10 2022-02-15
.23 WARNER BROS DISCOVERY INC   2012-02-09 2022-04-19
50000. BOEING CO CORPORATE BOND 2.700% DUE 05/01/2022   2020-12-15 2022-05-01
625. OTIS WORLDWIDE CORPORATION   2012-02-09 2022-05-13
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 75,000   75,000  
b 55,000   55,778 -778
c 50,000   53,166 -3,166
d 50,000   50,000  
e 48,477   48,477  
404,098   406,632 -2,534
140,425   21,938 118,487
69,974   57,747 12,227
140,005   14,736 125,269
69,972   64,428 5,544
200,000   153,794 46,206
70,000   35,601 34,399
70,000   51,240 18,760
       
80,000   94,754 -14,754
60,000   60,000  
100,000   100,000  
5   7 -2
50,000   51,518 -1,518
46,180   26,762 19,418
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
      230,717
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b       -778
c       -3,166
d        
e        
      -2,534
      118,487
      12,227
      125,269
      5,544
      46,206
      34,399
      18,760
       
      -14,754
       
       
      -2
      -1,518
      19,418
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 603,029
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 13,206
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 13,206
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 9,812
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,812
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 3,394
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet0 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$   (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)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletNORTHWEST BANK Telephone no.bullet (814) 452-1000

    Located atbullet800 STATE STREET SUITE 500ERIEPA ZIP+4bullet16501
    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
    Northwest Bank TRUSTEE
    8     		31,565    
    800 STATE STREET SUITE 500
    ERIE,PA16501
    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
    STEPHEN E SELLSTROM ESQ 0
    1     		82,828    
    9 E 4TH ST 11
    JAMESTOWN,NY147015045
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    12,482,707
    b
    Average of monthly cash balances.......................
    1b
    1,116,916
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,599,623
    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
    13,599,623
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    203,994
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    13,395,629
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    669,781
    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
    669,781
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    13,206
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    13,206
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    656,575
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    5,250
    5
    Add lines 3 and 4............................
    5
    661,825
    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
    661,825
    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 7 661,825
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 16,038
    b From 2017...... 71,726
    c From 2018...... 0
    d From 2019...... 263,802
    e From 2020...... 0
    f Total of lines 3a through e ........ 351,566
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 774,726
    a Applied to 2020, but not more than line 2a 0
    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..... 661,825
    e Remaining amount distributed out of corpus 112,901
    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 5 464,467
    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 ..........     		0
    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) ...     		16,038
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		448,429
    10 Analysis of line 9:
    a Excess from 2017.... 71,726
    b Excess from 2018.... 0
    c Excess from 2019.... 263,802
    d Excess from 2020.... 0
    e Excess from 2021.... 112,901
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CARNAHAN-JACKSON FOUNDATION
    PO BOX 3326
    JAMESTOWN,NY147015045
    (716) 483-1015
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OUTLINING: NEED FOR GRANT & ATTACHED COPY OF APPLICANTS TAX EXEMPT STATUS LETTER.
    cAny submission deadlines:
    APPLICATIONS CONSIDERED IN JUNE & SEPTEMBER
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    EDUCATIONAL INSTITUTIONS AND CHARITABLE ORGANIZATIONS LOCATED IN AND/OR SERVING THE JAMESTOWN, NY AREA.
    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
    BOYS & GIRLS CLUB OF JAMESTOWN INC
    62 ALLEN STREET
    JAMESTOWN,NY14701     		N/A PC AFTER SCHOOL PROGRAMS 35,000
    THE SALVATION ARMY
    615 SLATERS LANE 1112
    ALEXANDRIA,VA22314     		NONE PC SUPPORTS THE SALVATION ARMY 15,000
    CHAUTAUQUA REGION COMMUNITY
    418 SPRING STREET
    JAMESTOWN,NY14701     		NONE N/A GENERAL UNRESTRICTED 5,000
    CHAUTAUQUA ADULT CARE
    CENTER
    358 EAST FIFTH STREET
    JAMESTOWN,NY14701     		NONE PC CHARITABLE PURPOSE 14,425
    AUDUBON COMMUNITY NATURE CENTER
    1600 RIVERSIDE RD
    JAMESTOWN,NY14701     		NONE PC CHARITABLE PURPOSE 18,000
    CHAUTAUQUA SAFETY VILLAGE
    2695 NY-394
    Ashville,NY14710     		NONE PC CHARITABLE PURPOSE 5,000
    FIRST PRESBYTERIAN CHURCH
    509 PRENDERGAST AVE
    JAMESWOWN,NY14701     		NONE PC CHARITABLE PURPOSE 30,000
    UCAN
    3605 W FILLMORE ST
    Chicago,IL60624     		NONE PC CHARITABLE PURPOSE 50,000
    HOUGHTON COLLEGE
    1 WILLARD AVE
    Houghton,NY14744     		NONE PC GENERAL OPERATIONS 25,000
    YMCA OF JAMESTOWN
    401 NORTH MAIN STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 89,700
    James Prendergast Library Association
    509 CHERRY STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 10,800
    FAMILY LIFE MINISTRIES INC
    PO BOX 506
    Bath,NY14810     		NONE PC CHARITABLE PURPOSE 12,500
    CHAUTAUQUA STRIDERS INC
    301 E 2ND ST STE 102
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 37,000
    JAMESTOWN COMMUNITY COLLEGE
    525 FALCONER STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 20,000
    CHAUTAUQUA REGIONAL YOUTH BALLET
    9 1/2 FALCONER STREET
    JAMESTOWN,NY14701     		NONE PC GENERAL OPERATION 5,000
    Chautauqua Area Habitat For Humanity Inc
    16 WEST MAIN STREET SUITE ONE
    Fredonia,NY14063     		NONE PC CHARITABLE PURPOSE 130,000
    FEEDMORE FOUNDATION OF WNY
    100 JAMES E CASEY DR
    BUFFALO,NY14206     		NONE PC TO ADVANCE CHARITY'S 20,000
    CHAUTAUQUA CHILDREN'S SAFETY
    2695 ROUTE 394
    ASHVLLE,NY14710     		NONE PC TO ADVANCE CHARITY'S 5,000
    JAMESTOWN CENTER CITY DEVELOPMENT
    319 WEST THIRD STREET
    JAMESTOWN,NY14701     		NONE PC TO ADVANCE CHARITY'S 32,000
    CHAUTAUQUA FOUNDATION
    1 AMES AVENUE PO BOX 28
    CHAUTAUQUA,NY14722     		NONE PC UNRESTRICTED- GENERAL 1,500
    Camp Mission Meadows
    5201 EAST LAKE RT 430
    DEWITTVILLE,NY14728     		NONE PC UNRESTRICTED- GENERAL 12,500
    MARINE TOYS FOR TOTS FOUNDATION
    18251 QUANTICO GATEWAY DRIVE
    TRIANGLE,VA221721776     		NONE PC GENERAL OPERATIONS 1,000
    Westfield Memorial Hospital Foundation
    189 EAST MAIN STREET
    Westfield,NY14787     		NONE CHARITABLE PURPOSE PC 10,000
    Reg Lenna Center For The Arts Inc
    116 EAST 3RD STREET
    Jamestown,NY14701     		NONE PC CHARITABLE PURPOSE 30,000
    INFINITY VISUAL & PERFORMING ARTS
    INC
    301 E 2ND ST LYNN BUILDING SUITE
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 30,000
    INTERNATIONAL MOUNTAIN BICYCLING ASSOCIA
    PO BOX 20280
    Boulder,CO80308     		NONE PC CHARITABLE PURPOSE 2,000
    THE RELIEF ZONE
    5 FREW RUN STREET PO BOX 334
    FREWSBURG,NY14738     		NONE PC UNRESTRICTED- GENERAL 20,000
    Total .................................bullet 3a 666,425
    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 ...........     		         
    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 ............     		    18 603,029  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    14 2,314  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   997,570  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    997,570
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION
    EIN:
    16-6151608
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AT & T INC 74,452 61,035
    APACHE CORP 111,458 39,029
    APPLE COMPUTER 97,059 908,756
    BARON SMALL CAP INSTL 371,555 413,271
    BECTON DICKINSON & CO 47,571 154,893
    WILLIAM BLAIR INTL GWTH CL N 149,989 188,793
    CISCO SYS INC 92,695 210,290
    CITIGROUP INC 77,723 118,332
    COSTCO WHOLESALE CORP 58,809 377,286
    DIAGEO PLC ADS 61,247 126,515
    DODGE & COX INTL STK FD 169,547 223,975
    GOLDMAN SACHS GROUP INC 77,823 223,371
    HSBC HLDGS PLC SPONSORED ADR N 78,452 55,107
    INTEL CORP 144,445 194,259
    JOHNSON & JOHNSON COM 112,948 301,920
    LOWES COMPANIES INC COM 40,699 288,827
    NESTLE SA-SPONSORED ADR 53,412 110,645
    ALERIAN MLP ETF 106,065 78,806
    PAYCHEX INC COM 83,448 338,659
    WEYERHOUSER CO 120,220 174,336
    PROCTER & GAMBLE CO COM 87,568 190,307
    PRUDENTIAL FINANCIAL INC 75,832 128,987
    ROYAL DUTCH SHELL PLC    
    ROYCE TOTAL RETURN #267 744,192 561,738
    SANOFI-AVENTIS SPONSORED ADR 64,223 85,484
    SUNCOR ENERGY INC 76,249 76,365
    TOTALENERGIES SE 75,233 75,569
    UNILEVER PLC ADR NEW 33,866 50,509
    VALERO ENERGY CORP NEW 41,240 198,611
    VERIZON COMMUNICATIONS COM 70,436 85,867
    WELLS FARGO & CO NEW COM 78,409 111,869
    BP PLC SPONSORED ADR 67,248 52,796
    MONDELEZ INTL INC 56,664 145,371
    ASTRAZENECA PLC SPONS ADR 60,077 117,823
    MCDONALDS CORPORATION 59,990 137,216
    PHILP MORRIS INT INC 59,946 65,188
    WISDOMTREE INT EQUITY FUND 399,461 257,530
    BRITISH AMERICAN TOBACCO ADR 48,883 27,654
    EMERSON ELECTRIC COMPANY 70,011 105,382
    MICROSOFT CORP COM 100,001 314,429
    WISDOMTREE EUROPE SMALLCAP DIV 60,603 53,293
    PRINCIPAL GLOBAL REAL ESTATE S 483,730 502,847
    ISHARES MSCI EUROPE SMALL-CAP 68,344 62,700
    CVS HEALTH 100,066 129,742
    CARRIER GLOBAL CORP 17,850 50,663
    COMCAST CORP NEW CLASS A 100,030 81,906
    CONOCO PHILLIPS 99,970 162,806
    RAYTHEON TECHNOLOGIES CORP 59,546 116,513
    OTIS WORLDWIDE CORP    
    ENBRIDGE INC 70,438 33,383
    GMO RESOURCES I 453,970 410,542
    EMBECTA CORP 1,132 3,738
    SHELL PLC 171,147 137,187
    WARNER BROS DISCOVERY INC 23,200 11,790

    TY 2021 InvestmentsOtherSchedule2
    Name:
    CARNAHAN-JACKSON FOUNDATION
    EIN:
    16-6151608
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BERSHIRE HATHAWAY INC DEL 3.75      
    GE CAP FINL INC CD 2.90%      
    GEORGIA MUN ELEC AUTH PWR      
    GOLDMAN SACHS BK USA NY 2.8000      
    METROPOLITAN TRANSIT AUTH NY      
    ENBRIDGE ENERGY PARTNERS, L.P. AT COST 40,558 38,724
    ABBVIE INC NOTE 3.200% 11/6/22 AT COST 63,210 59,963
    CELGENE CORP NOTE 3.250% 8/15/ AT COST 63,150 60,000
    EXPRESS SCRIPTS NOTE 3.000% 7/ AT COST 76,679 74,450
    LAWRENCE TWP IND SCHL 2.650% 7 AT COST 50,221 49,805
    MORGAN STANLEY 3.125% 5/17/202 AT COST 75,000 74,837
    UNUM GROUP NOTE 4.000% 3/15/20 AT COST 64,042 60,035
    CAPITAL ONE FINL CORP BOND 3.5 AT COST 49,598 50,012
    CAPITAL ONE BK USA NATL ASSN C      
    CARDINAL HEALTH INC NOTE 3.500 AT COST 53,837 54,775
    DISCOVER BANK CD 3.00% DUE 8/0      
    DISCOVER BANK CD 3.150% DUE 8/ AT COST 60,000 60,004
    EQUIFAX INC NOTE CALL 3.950% D AT COST 50,285 49,991
    PIMCO REAL RETURN FUND INSTL AT COST 357,287 359,437
    LEGG MASON INC NOTE CALL 3.950 AT COST 55,285 55,032
    BANK OF AMER CORP MTN 4.200% D AT COST 50,734 50,498
    ISHARES 0 TO 5 YEAR TIPS BOND AT COST 405,012 411,194
    CAPITAL ONE FINL CORP BOND 3.2 AT COST 52,288 48,918
    GENERAL ELECTRIC CAPITAL CORP AT COST 36,607 34,906
    WELLS FARGO CO MTN 3.45% DUE 2 AT COST 79,178 75,070
    WELLS FARGO BANK NATL CD 3.30% AT COST 70,000 70,164
    BANK HAPOALIM B M NY CD 0.200% AT COST 50,000 49,617
    BOEING CO CORPORATE BOND 2.700      
    CANADIAN IMPERIAL BANK BOND 0. AT COST 50,000 46,430
    JUNIPER NETWORKS CORP BOND 1.2 AT COST 55,891 49,765
    MORGAN STANLEY 2.329% DUE 05/1 AT COST 79,978 80,200
    T. ROWE PRICE FLOATING RATE AT COST 617,678 588,531
    TEXAS EXCHANGE BK CROWLEY CD 0 AT COST 100,000 93,381
    TEXAS EXCHANGE BK CROWLEY CD 0 AT COST 60,000 54,504
    VALERO ENERGY CORP BOND 1.200% AT COST 50,651 47,809

    TY 2021 OtherAssetsSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION
    EIN:
    16-6151608
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CHECKING ACCOUNT ENDING BALANC 47,879 37,127 37,127


    TY 2021 OtherDecreasesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION
    EIN:
    16-6151608
    Description Amount
    ROUNDING ADJUSTMENT 6
    2022 INCOME REPORTED IN 2021 6,038
    UNITED STATES TREASURY PAYMENT 3,302
    OID ADJUSTMENT 6,163
    WASH SALE 14,754


    TY 2021 OtherExpensesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION
    EIN:
    16-6151608
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEE 18 18   0
    BANK FEE 158 0   158
    INSURANCE 1,305 0   1,305
    POSTAGE 332 0   332
    RENT 7,146 0   7,146


    TY 2021 OtherIncomeSchedule2
    Name:
    CARNAHAN-JACKSON FOUNDATION
    EIN:
    16-6151608
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CHECKING ACCOUNT INCOME 2,314 2,314  


    TY 2021 OtherIncreasesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION
    EIN:
    16-6151608
    Description Amount
    2021 INCOME REPORTED IN 2020 1,340
    RECOVERY OF PRIOR YEAR GRANTS 5,250
    COST ADJUSTMENT 2,859


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION
    EIN:
    16-6151608
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 21,322 21,322    


    TY 2021 TaxesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION
    EIN:
    16-6151608
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,734 2,734   0
    STATE INCOME TAXES 750 750   750
    FEDERAL TAX PAYMENT - PRIOR YE 890 0   0
    FEDERAL ESTIMATES - PRINCIPAL 9,812 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,240 1,240   0
    FOREIGN TAXES ON NONQUALIFIED 940 940   0