TY 2020 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC)
(1) KAREN CLARKE BARNES...................................................................... FOUNDATION BOARD OF DIRECT	1.00 .................	X
(2) ROBERT G BYRON...................................................................... FOUNDATION BOARD OF DIRECT	2.00 .................	X
(3) FRANKLIN S EDMONDS JR...................................................................... FOUNDATION BOARD OF DIRECT	1.00 .................	X
(4) LEONARD J BUCK II...................................................................... FOUNDATION BOARD OF DIRECT	1.00 .................	X
(5) WILLIAM L POLK JR...................................................................... VICE CHAIRMAN OF THE BOARD	3.00 .................	X	X
(6) STEPHEN S CRAWFORD...................................................................... CHAIRMAN OF THE BOARD	3.00 .................	X	X
(7) TIFFANY B ARMSTRONG...................................................................... FOUNDATION BOARD OF DIRECT	2.00 .................	X
(8) SHAHNAZ BATMANGHELIDJ...................................................................... FOUNDATION BOARD OF DIRECT	1.00 .................	X
(9) T WESTRAY BATTLE III...................................................................... FOUNDATION BOARD OF DIRECT	1.00 .................	X
(10) LAWRENCE D HOWELL II...................................................................... FOUNDATION BOARD OF DIRECT	1.00 .................	X
(11) ROBERT W DOWNES...................................................................... FOUNDATION BOARD OF DIRECT	1.00 .................	X
(12) PATRICIA K EPPS...................................................................... FOUNDATION BOARD OF DIRECT	1.00 .................	X
(13) TIMOTHY J INGRASSIA...................................................................... FOUNDATION BOARD OF DIRECT	2.00 .................	X
(14) E COURTNEY JOHNSON...................................................................... FOUNDATION BOARD OF DIRECT	1.00 .................	X
(15) MARK T MASSEY...................................................................... FOUNDATION BOARD OF DIRECT	1.00 .................	X
(16) ANNA M NEKORANEC...................................................................... FOUNDATION BOARD OF DIRECT	2.00 .................	X
(17) ANNE W POOLE...................................................................... FOUNDATION BOARD OF DIRECT	1.00 .................	X

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(18) MICHAEL A PAUSIC........................................................................ FOUNDATION BOARD OF DIRECT	1.00 .......................	X				0	0
(19) GEORGE K MARTIN........................................................................ FOUNDATION BOARD OF DIRECT	2.00 .......................	X				0	0
(20) CRISLER B QUICK........................................................................ FOUNDATION BOARD OF DIRECT	1.00 .......................	X				0	0
(21) TIMOTHY J NAUGHTON........................................................................ FOUNDATION BOARD OF DIRECT	2.00 .......................	X				0	0
(22) JAMES E RYAN........................................................................ FOUNDATION BOARD OF DIRECT	1.00 .......................	X				0	0
(23) DEBORAH H VALENTINE........................................................................ FOUNDATION BOARD OF DIRECT	1.00 .......................	X				0	0
(24) ALLISON CRYOR DINARDO........................................................................ FOUNDATION BOARD OF DIRECT	1.00 .......................	X				0	0
(25) KIRKMAN FINLAY III........................................................................ FOUNDATION BOARD OF DIRECT	1.00 .......................	X				0	0
(26) J DALE HARVEY II........................................................................ FOUNDATION BOARD OF DIRECT	1.00 .......................	X				0	0
(27) PAUL R IZLAR........................................................................ FOUNDATION BOARD OF DIRECT	1.00 .......................	X				0	0
(28) JAMALA K MASSENBURG........................................................................ FOUNDATION BOARD OF DIRECT	1.00 .......................	X				0	0
(29) BRUCE A MILLER........................................................................ FOUNDATION BOARD OF DIRECT	2.00 .......................	X				0	0
(30) LINDA G RENNER........................................................................ FOUNDATION BOARD OF DIRECT	1.00 .......................	X				0	0
(31) MICHAEL E LUTZ........................................................................ ASSISTANT TREASURER	40.00 .......................		X			175,944	37,774
(32) JAMES H WRIGHT........................................................................ PRESIDENT/SECRETARY/TREASU	40.00 .......................		X			781,858	300,688
(33) HELEN M DWYER........................................................................ ASSISTANT SECRETARY	40.00 .......................		X			171,512	27,345
(34) S PATRICK INGRAM........................................................................ DIRECTOR OF DEVELOPMENT	40.00 .......................			X		273,187	130,595
(35) BENJAMIN B SKIPPER........................................................................ DIRECTOR, GRADUATE AND UND	40.00 .......................				X	147,732	74,370
(36) ROBBYN L CALLAHAN........................................................................ ASSOCIATE DIRECTOR OF FINANCE	40.00 .......................				X	133,775	32,051
(37) KEVIN E MURRAY........................................................................ DIRECTOR OF GIFT PLANNING	40.00 .......................				X	135,671	33,019
(38) CHRISTINE E PATRICK........................................................................ ASSOCIATE DIRECTOR OF DEVELOPMENT	40.00 .......................				X	124,169	20,116
(39) PETER W SCHMIDT........................................................................ MAJOR GIFTS OFFICER	40.00 .......................				X	121,892	13,840

(A) Name and business address	(B) Description of services	(C) Compensation
UVA INVESTMENT MANAGEMENT COMPANY 701 E WATER STREET 4TH FLOOR CHARLOTTESVILLE,VA22902	INVESTMENT MANAGEMENT	1,026,636
ALEXANDER NICHOLSON INC PO BOX 2246 CHARLOTTESVILLE,VA22902	CONSTRUCTION	477,492
COLLIERS INTERNATIONAL ASSET SERVICES L 150 WEST MAIN STREET SUITE 1100 NORFOLK,VA23510	BUILDING MAINTENANCE	117,918
JOURNEY GROUP INC PO BOX 315 CHARLOTTESVILLE,VA22902	MARKETING & COMMUNICATION	111,225

2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 4

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

JEFFERSON SCHOLARS FOUNDATION

Employer identification number

31-1755873

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2020

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	26,214,969	10,651,769	6,118,426	17,820,134	34,505,149	95,310,447
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	26,214,969	10,651,769	6,118,426	17,820,134	34,505,149	95,310,447
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						34,431,785
6	Public support. Subtract line 5 from line 4.						60,878,662

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
7	Amounts from line 4..	26,214,969	10,651,769	6,118,426	17,820,134	34,505,149	95,310,447
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	663,924	614,974	699,651	917,970	1,183,302	4,079,821
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10						99,390,268

Gross receipts from related activities, etc. (see instructions) ..................

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2020 (line 6, column (f) divided by line 11, column (f)) .........

61.250 %

Public support percentage for 2019 Schedule A, Part II, line 14 ...............

66.940 %

16a

33 1/3% support test—2020. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2019. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2020. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2019. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2020

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) 2020	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2020 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2019 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2020 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2019 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2020. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2019. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2020

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990 or 990-EZ) 2020

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described in 11a above?

11b

A 35% controlled entity of a person described in line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2020

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2020

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2020 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2020	(iii) Distributable Amount for 2020
1 Distributable amount for 2020 from Section C, line 6
2 Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2020:
a From 2015.......
b From 2016.......
c From 2017.......
d From 2018.......
e From 2019.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2020 distributable amount
i Carryover from 2015 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2020 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2020 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2021. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2016.....
b Excess from 2017.....
c Excess from 2018.....
d Excess from 2019.....
e Excess from 2020.....

Schedule A (Form 990 or 990-EZ) (2020)

Schedule A (Form 990 or 990-EZ) 2020

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:	DESCRIPTION: ENDOWMENT GIFT AGREEMENT DATE: 06/03/19 AMOUNT: 100000000.
UNUSUAL GRANT EXPLANATION	ON JUNE 3, 2019, THE FOUNDATION RECEIVED A $100 MILLION PLEDGE RECEIVABLE. THIS PLEDGE IS EXPECTED TO BE PAID IN CASH OVER A PERIOD OF 10-15 YEARS. THE FOUNDATION DEEMS THIS PLEDGE TO BE AN UNUSUAL GRANT BASED ON THE FOLLOWING FOUR FACTORS: - THE PLEDGE IS A SUBSTANTIAL CONTRIBUTION FROM A DISINTERESTED PARTY. - THE DONOR WAS ATTRACTED TO THE FOUNDATION BY REASON OF ITS PUBLICLY-SUPPORTED MISSION TO PROVIDE MERIT-BASED SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP SUPPORT TO STUDENTS AND FACULTY AT THE UNIVERSITY OF VIRGINIA (UVA). - THE PLEDGE IS EXTREMELY UNUSUAL WITH RESPECT TO AMOUNT. - BY REASON OF ITS AMOUNT, THE PLEDGE THREATENS THE FOUNDATION'S FUTURE ABILITY TO MEET THE PUBLIC SUPPORT TEST IN SCHEDULE A, PART II. THE DONOR WAS NOT INVOLVED WITH CREATING THE FOUNDATION. THE DONOR HAS NO INFLUENCE OVER THE INDEPENDENT BOARD OF DIRECTORS, WHICH IS MADE UP OF 30 DIVERSE INDIVIDUALS FROM ACROSS THE COUNTRY WHO BRING UNIQUE KNOWLEDGE AND INSIGHTS TO THE FOUNDATION. THE DONOR HAS ALSO NEVER BEEN A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS. SINCE ITS FORMATION, THE FOUNDATION HAS HAD AN ACTIVE AND SUCCESSFUL FUND-RAISING PROGRAM. FUND-RAISING HAS BEEN SUPPORTED BOTH BY A FULL-TIME DEVELOPMENT TEAM AND THE LARGE, REPRESENTATIVE, AND INDEPENDENT BOARD OF DIRECTORS. OVER THE FIVE YEARS, 7/1/14-6/30/19, THE FOUNDATION HAS AVERAGED ANNUAL CONTRIBUTIONS OF APPROXIMATELY $12.8 MILLION FROM THOUSANDS OF DONORS. THERE IS A REASONABLE EXPECTATION THAT THE FOUNDATION WILL CONTINUE TO ATTRACT SUBSTANTIAL PUBLIC SUPPORT IN THE FUTURE. THE FOUNDATION HAS ALWAYS PASSED THE PUBLIC SUPPORT TEST BY A SIGNIFICANT MARGIN. FOR EXAMPLE, THE PUBLIC SUPPORT PERCENTAGE FROM THE 2017 SCHEDULE A, PART II, LINE 14 WAS 78.83%. HOWEVER, IF THIS PLEDGE WERE TO BE INCLUDED IN THE CURRENT YEAR PUBLIC SUPPORT TEST CALCULATION, THE FOUNDATION WOULD BE IN SIGNIFICANT DANGER OF NOT MEETING THE TEST IN SUBSEQUENT YEARS. THERE ARE NO MATERIAL RESTRICTIONS IMPOSED IN CONNECTION WITH THIS PLEDGE. THIS PLEDGE DOES NOT PLACE LIMITS ON THE ABILITY OF EITHER THE BOARD OF DIRECTORS OR MANAGEMENT TO ADMINISTER THE ASSETS IN A MANNER THAT WOULD BE INCONSISTENT WITH THE FOUNDATION'S EXEMPT PURPOSE. THE FOUNDATION'S EXEMPT PURPOSE IS TO PROVIDE MERIT-BASED SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP SUPPORT TO STUDENTS AND FACULTY AT UVA. IN FUTURE YEARS, THIS CONTRIBUTION WILL HELP FUND FELLOWSHIPS AND PROFESSORSHIPS, AS WELL AS TO ESTABLISH A NEW MERIT-BASED SCHOLARSHIP PROGRAM FOR FIRST GENERATION UNIVERSITY STUDENTS. THIS PLEDGE IS NOT INTENDED TO UNDERWRITE OPERATING EXPENSES OF THE FOUNDATION. THE FOUNDATION HAS NEVER RELIED ON UNUSUAL GRANTS TO SUPPORT OPERATIONS. THE FOUNDATION HAS BEEN SUCCESSFUL IN FUND-RAISING BOTH FOR ITS PROGRAMMATIC AND OPERATIONAL NEEDS.

Return Reference

Explanation

SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:

DESCRIPTION: ENDOWMENT GIFT AGREEMENT DATE: 06/03/19 AMOUNT: 100000000.

UNUSUAL GRANT EXPLANATION

ON JUNE 3, 2019, THE FOUNDATION RECEIVED A $100 MILLION PLEDGE RECEIVABLE. THIS PLEDGE IS EXPECTED TO BE PAID IN CASH OVER A PERIOD OF 10-15 YEARS. THE FOUNDATION DEEMS THIS PLEDGE TO BE AN UNUSUAL GRANT BASED ON THE FOLLOWING FOUR FACTORS: - THE PLEDGE IS A SUBSTANTIAL CONTRIBUTION FROM A DISINTERESTED PARTY. - THE DONOR WAS ATTRACTED TO THE FOUNDATION BY REASON OF ITS PUBLICLY-SUPPORTED MISSION TO PROVIDE MERIT-BASED SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP SUPPORT TO STUDENTS AND FACULTY AT THE UNIVERSITY OF VIRGINIA (UVA). - THE PLEDGE IS EXTREMELY UNUSUAL WITH RESPECT TO AMOUNT. - BY REASON OF ITS AMOUNT, THE PLEDGE THREATENS THE FOUNDATION'S FUTURE ABILITY TO MEET THE PUBLIC SUPPORT TEST IN SCHEDULE A, PART II. THE DONOR WAS NOT INVOLVED WITH CREATING THE FOUNDATION. THE DONOR HAS NO INFLUENCE OVER THE INDEPENDENT BOARD OF DIRECTORS, WHICH IS MADE UP OF 30 DIVERSE INDIVIDUALS FROM ACROSS THE COUNTRY WHO BRING UNIQUE KNOWLEDGE AND INSIGHTS TO THE FOUNDATION. THE DONOR HAS ALSO NEVER BEEN A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS. SINCE ITS FORMATION, THE FOUNDATION HAS HAD AN ACTIVE AND SUCCESSFUL FUND-RAISING PROGRAM. FUND-RAISING HAS BEEN SUPPORTED BOTH BY A FULL-TIME DEVELOPMENT TEAM AND THE LARGE, REPRESENTATIVE, AND INDEPENDENT BOARD OF DIRECTORS. OVER THE FIVE YEARS, 7/1/14-6/30/19, THE FOUNDATION HAS AVERAGED ANNUAL CONTRIBUTIONS OF APPROXIMATELY $12.8 MILLION FROM THOUSANDS OF DONORS. THERE IS A REASONABLE EXPECTATION THAT THE FOUNDATION WILL CONTINUE TO ATTRACT SUBSTANTIAL PUBLIC SUPPORT IN THE FUTURE. THE FOUNDATION HAS ALWAYS PASSED THE PUBLIC SUPPORT TEST BY A SIGNIFICANT MARGIN. FOR EXAMPLE, THE PUBLIC SUPPORT PERCENTAGE FROM THE 2017 SCHEDULE A, PART II, LINE 14 WAS 78.83%. HOWEVER, IF THIS PLEDGE WERE TO BE INCLUDED IN THE CURRENT YEAR PUBLIC SUPPORT TEST CALCULATION, THE FOUNDATION WOULD BE IN SIGNIFICANT DANGER OF NOT MEETING THE TEST IN SUBSEQUENT YEARS. THERE ARE NO MATERIAL RESTRICTIONS IMPOSED IN CONNECTION WITH THIS PLEDGE. THIS PLEDGE DOES NOT PLACE LIMITS ON THE ABILITY OF EITHER THE BOARD OF DIRECTORS OR MANAGEMENT TO ADMINISTER THE ASSETS IN A MANNER THAT WOULD BE INCONSISTENT WITH THE FOUNDATION'S EXEMPT PURPOSE. THE FOUNDATION'S EXEMPT PURPOSE IS TO PROVIDE MERIT-BASED SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP SUPPORT TO STUDENTS AND FACULTY AT UVA. IN FUTURE YEARS, THIS CONTRIBUTION WILL HELP FUND FELLOWSHIPS AND PROFESSORSHIPS, AS WELL AS TO ESTABLISH A NEW MERIT-BASED SCHOLARSHIP PROGRAM FOR FIRST GENERATION UNIVERSITY STUDENTS. THIS PLEDGE IS NOT INTENDED TO UNDERWRITE OPERATING EXPENSES OF THE FOUNDATION. THE FOUNDATION HAS NEVER RELIED ON UNUSUAL GRANTS TO SUPPORT OPERATIONS. THE FOUNDATION HAS BEEN SUCCESSFUL IN FUND-RAISING BOTH FOR ITS PROGRAMMATIC AND OPERATIONAL NEEDS.

Schedule A (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

JEFFERSON SCHOLARS FOUNDATION

Employer identification number

31-1755873

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2

Name of organization JEFFERSON SCHOLARS FOUNDATION

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
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 3

Name of organization JEFFERSON SCHOLARS FOUNDATION		Employer identification number 31-1755873

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
		$
(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
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 4


Name of organization JEFFERSON SCHOLARS FOUNDATION			Employer identification number 31-1755873
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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, 990-EZ, or 990-PF) (2020)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

JEFFERSON SCHOLARS FOUNDATION

Employer identification number

31-1755873

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2020

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	393,827,943	376,570,109	355,912,587	320,901,611	286,332,098
b	Contributions ...	20,199,128	18,887,996	20,719,669	12,559,398	20,011,405
c	Net investment earnings, gains, and losses	190,586,339	19,762,350	20,959,573	36,012,912	33,807,434
d	Grants or scholarships ...	11,512,027	11,248,369	10,893,041	10,314,337	9,519,112
e	Other expenditures for facilities and programs ...	9,179,753	9,375,018	9,339,752	2,777,840	9,001,213
f	Administrative expenses ....	840,178	769,125	788,927	469,157	729,001
g	End of year balance ......	583,081,452	393,827,943	376,570,109	355,912,587	320,901,611

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

4.510 %

Permanent endowment SchDMd Bullet

40.180 %

Term endowment SchDMd Bullet

55.310 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .......................

3a(i)

Yes

(ii) Related organizations .......................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	4,241,601		4,241,601
b	Buildings ....	23,817,687	7,617,662	16,200,025
c	Leasehold improvements
d	Equipment ....	2,014,833	1,455,230	559,603
e	Other .....	96,300		96,300
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				21,097,529

Schedule D (Form 990) 2020

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) PUBLIC EQUITY	173,213,915	F
(B) LONG/SHORT EQUITY	98,370,482	F
(C) BUYOUT	19,699,250	F
(D) GROWTH EQUITY	74,256,397	F
(E) VENTURE CAPITAL	58,675,576	F
(F) PRIVATE EQUITY	1,515,000	F
(G) REAL ESTATE	18,378,923	F
(H) RESOURCES	39,532,875	F
(I) MKT ALTERNATIVES/CREDIT	57,754,953	F
(J) GOVERNMENT BONDS	23,568,458	F
(K) CASH AND ACCRUALS	16,311,753	F
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	581,277,582

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	8,909,570
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2020

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	235,331,596
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	189,644,907
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	9,897,493
e	Add lines 2a through 2d .....................			2e	199,542,400
3	Subtract line 2e from line 1..................			3	35,789,196
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a	840,178
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	840,178
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	36,629,374

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	24,882,197
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................			2e	0
3	Subtract line 2e from line 1...................			3	24,882,197
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a	840,178
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................			4c	840,178
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	25,722,375

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART V, LINE 4:	INTENDED USE OF ENDOWMENT FUNDS: INVESTMENT INCOME EARNED BY THE ENDOWMENT FUNDS IS THE PRIMARY SOURCE OF OPERATIONAL REVENUE FOR THE FOUNDATION. THIS REVENUE IS USED TO SUPPORT THE SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP PROGRAMS AND THE RELATED OPERATIONAL NEEDS OF THE FOUNDATION.
PART X, LINE 2:	UNCERTAIN TAX POSITIONS UNDER FIN 48: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AS DEFINED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS CONSIDERED A PUBLIC CHARITY UNDER 509(A)(1) OF THE CODE. AS SUCH, CONTRIBUTIONS TO THE FOUNDATION QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY UNRELATED BUSINESS INCOME. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF AN UNCERTAIN POSITION TAKEN, MORE LIKELY THAN NOT, WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND CONCLUDED THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 2,392,098. CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN TRUSTS 1,315,452. CHANGE IN FAIR VALUE OF PERPETUAL TRUSTS 7,963,564. RESERVE FOR NOTE RECEIVABLE -543,864. WRITE OFFS OF PLEDGES RECEIVABLE -1,229,757.

Schedule D (Form 990) 2020

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SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization
JEFFERSON SCHOLARS FOUNDATION

Employer identification number

31-1755873

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(f) Total expenditures for and investments in the region
	EUROPE	0	0	GRANTMAKING	408,749
	EAST ASIA	0	0	GRANTMAKING	41,320
	MIDDLE EAST	0	0	GRANTMAKING	63,061
	SOUTH ASIA	0	0	GRANTMAKING	259,705
	NORTH AMERICA	0	0	GRANTMAKING	42,670
	AFRICA	0	0	GRANTMAKING	33,186











3a	Sub-total ....	0	0		848,691
b	Total from continuation sheets to Part I ...	0	0		0
c	Totals (add lines 3a and 3b)	0	0		848,691

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2020

Schedule F (Form 990) 2020

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

1 (a) Name of organization		(b) IRS code section and EIN (if applicable)	(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance	(h) Description of noncash assistance	(i) Method of valuation (book, FMV, appraisal, other)

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......
3	Enter total number of other organizations or entities .......................

Schedule F (Form 990) 2020

Schedule F (Form 990) 2020Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

	(b) Region	(c) Number of recipients	(d) Amount of cash grant
FINANCIAL AID - INTERNATIONAL SCHOLARSHIP	EUROPE	7	408,749
FINANCIAL AID - INTERNATIONAL SCHOLARSHIP	EAST ASIA	2	41,320
FINANCIAL AID - INTERNATIONAL SCHOLARSHIP	MIDDLE EAST	2	63,061
FINANCIAL AID - INTERNATIONAL SCHOLARSHIP	SOUTH ASIA	6	259,705
FINANCIAL AID - INTERNATIONAL SCHOLARSHIP	NORTH AMERICA	2	42,670
FINANCIAL AID - INTERNATIONAL SCHOLARSHIP	AFRICA	1	33,186

Schedule F (Form 990) 2020

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2020

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation
PART I, LINE 2:	THE FOUNDATION AWARDS ACADEMIC MERIT-BASED SCHOLARSHIPS TO BETWEEN 30 AND 36 INCOMING UNDERGRADUATES EACH YEAR. THESE SCHOLARSHIPS COVER THE FULL ESTIMATED COST OF ATTENDING UVA FOR FOUR YEARS. THE FOUNDATION ALSO AWARDED 19 ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO INCOMING PHD AND MBA CANDIDATES. ADDITIONALLY, THE FOUNDATION AWARDED SEVEN ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO NATIONAL FELLOWS. SCHOLARSHIP AND FELLOWSHIP RECIPIENTS WITH FOREIGN VISAS ARE REPORTED ON SCHEDULE F.
PART III ACCOUNTING METHOD:

Schedule F (Form 990) 2020

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Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization
JEFFERSON SCHOLARS FOUNDATION

Employer identification number
31-1755873

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of noncash assistance	(h) Purpose of grant or assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2020

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant
(1) FINANCIAL AID - IN-STATE SCHOLARSHIPS	37	1,333,435
(2) FINANCIAL AID - OUT-OF-STATE SCHOLARSHIPS	95	6,574,481
(3) FINANCIAL AID - MISCELLANEOUS SCHOLARSHIPS	16	159,800
(4) FINANCIAL AID - INITIAL SCHOLARSHIPS	17	30,500
(5) FINANCIAL AID - GRADUATE FELLOWSHIPS	72	1,615,417
(6) PROFESSORSHIP DISTRIBUTIONS	9	949,703
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

PART I, LINE 2:

THE FOUNDATION AWARDS ARE USED TO FUND STUDENT TUITION AND FEES, BOOKS, ROOM AND BOARD, AND OTHER RELATED LIVING EXPENSES. THE FOUNDATION PAYS THE AWARDS DIRECTLY TO THE STUDENT. THE STUDENT IS RESPONSIBLE FOR PAYING UVA FOR THE TUITION, FEES AND, WHEN THE STUDENT LIVES ON GROUNDS, ROOM AND BOARD. OTHER EDUCATIONAL AND LIVING EXPENSES ARE COVERED BY THE REMAINDER OF THE AWARD. UPON ORIGINAL ACCEPTANCE OF THE JEFFERSON SCHOLARSHIP, THE STUDENT AGREES TO MAINTAIN A MINIMUM GRADE POINT AVERAGE (GPA) AND TO BE FULLY INVOLVED IN THE STUDENT LIFE AND LEADERSHIP OF UVA. FINANCE TEAM MEMBERS WORK CLOSELY WITH THE UVA TO MONITOR THE PAYMENT OF TUITION AND FEES. THE DIRECTOR OF THE GRADUATE AND UNDERGRADUATE PROGRAM MONITORS STUDENT GRADES TO DETERMINE THAT EACH STUDENT IS MAINTAINING HIS OR HER GPA. A STUDENT WITH A GPA FALLING CLOSE TO THE MINIMUM STANDARD REQUIRED BY THE FOUNDATION RECEIVES A WARNING. IF THE STUDENT FAILS TO MEET THE GPA STANDARD, HE OR SHE IS SUSPENDED FROM THE PROGRAM UNTIL SUCH TIME THAT THE GPA HAS BEEN BROUGHT BACK ABOVE THE MINIMUM. STUDENT WARNINGS AND SUSPENSIONS ARE REVIEWED BY THE GRADUATE AND UNDERGRADUATE PROGRAM DIRECTOR WITH THE BOARD OF DIRECTORS AT EACH BOARD MEETING.

SCHEDULE I, PART IV

GRANTS AND ASSISTANCE THE FOUNDATION AWARDS ACADEMIC MERIT-BASED, FULL-COST, FOUR-YEAR ACADEMIC SCHOLARSHIP GRANTS TO BETWEEN 31 TO 35 INCOMING UNDERGRADUATES EACH YEAR. THE FOUNDATION ALSO AWARDED 19 ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO INCOMING PHD AND MBA CANDIDATES AND 7 ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO NATIONAL FELLOWS DURING FISCAL YEAR 2021. LASTLY, THE FOUNDATION FUNDED, IN WHOLE OR IN PART, THE SALARIES, BENEFITS, AND OTHER RELATED COSTS OF 5 UVA PROFESSORS. THE FOUNDATION ALSO AWARDS A VARIETY OF FACULTY PRIZES ANNUALLY TO DISTINGUISHED FACULTY MEMBERS. THESE AWARDS ARE BASED ON FACULTY EXCELLENCE IN TEACHING AND SCHOLARSHIP.

Schedule I (Form 990) 2020

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Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Graphic Arrow

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Graphic Arrow

Attach to Form 990.
Graphic Arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

JEFFERSON SCHOLARS FOUNDATION

Employer identification number

31-1755873

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2020

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1JAMES H WRIGHT PRESIDENT/SECRETARY/TREASU	(i) (ii)	395,280 ------------- 0	100,350 ------------- 0	286,228 ------------- 0	285,652 ------------- 0	15,036 ------------- 0	1,082,546 ------------- 0	0 ------------- 0
2S PATRICK INGRAM DIRECTOR OF DEVELOPMENT	(i) (ii)	233,508 ------------- 0	23,841 ------------- 0	15,838 ------------- 0	112,491 ------------- 0	18,104 ------------- 0	403,782 ------------- 0	0 ------------- 0
3BENJAMIN B SKIPPER DIRECTOR, GRADUATE AND UND	(i) (ii)	123,641 ------------- 0	10,402 ------------- 0	13,689 ------------- 0	57,247 ------------- 0	17,123 ------------- 0	222,102 ------------- 0	0 ------------- 0
4MICHAEL E LUTZ ASSISTANT TREASURER	(i) (ii)	172,964 ------------- 0	350 ------------- 0	2,630 ------------- 0	21,794 ------------- 0	15,980 ------------- 0	213,718 ------------- 0	0 ------------- 0
5HELEN M DWYER ASSISTANT SECRETARY	(i) (ii)	162,298 ------------- 0	8,453 ------------- 0	761 ------------- 0	21,415 ------------- 0	5,930 ------------- 0	198,857 ------------- 0	0 ------------- 0
6KEVIN E MURRAY DIRECTOR OF GIFT PLANNING	(i) (ii)	123,587 ------------- 0	350 ------------- 0	11,734 ------------- 0	15,896 ------------- 0	17,123 ------------- 0	168,690 ------------- 0	0 ------------- 0
7ROBBYN L CALLAHAN ASSOCIATE DIRECTOR OF FINANCE	(i) (ii)	123,121 ------------- 0	10,350 ------------- 0	304 ------------- 0	17,015 ------------- 0	15,036 ------------- 0	165,826 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2020

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference

Explanation

PART I, LINE 1A

THE JEFFERSON SCHOLARS FOUNDATION PROVIDED HEALTH CLUB DUES REIMBURSEMENT TO JAMES H. WRIGHT, S. PATRICK INGRAM, KEVIN E. MURRAY, BENJAMIN B. SKIPPER, AND CHRISTINE E. PATRICK. THIS BENEFIT WAS PROVIDED TO ENHANCE THEIR BENEFIT PACKAGES AND ASSIST IN EMPLOYEE RETENTION.

PART I, LINE 4B

THE FOUNDATION PROVIDED A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO: JAMES H. WRIGHT, S. PATRICK INGRAM, AND BENJAMIN B. SKIPPER. AMOUNTS PAID INTO THE PLAN WERE: $300,000, $80,000, AND $40,000, RESPECTIVELY. THE FOUNDATION DISBURSED FROM A NONQUALIFIED RETIREMENT PLAN TO: JAMES H. WRIGHT, S. PATRICK INGRAM, AND BENJAMIN B. SKIPPER. AMOUNTS DISBURSED FROM THE PLAN WERE $275,000, $399,360, AND $185,025, RESPECTIVELY.

Schedule J (Form 990) 2020

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Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax-Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
SchKMediumBullet

Attach to Form 990.
SchKMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization
JEFFERSON SCHOLARS FOUNDATION

Employer identification number
31-1755873

Part Ⅰ

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE VA	52-1297503	02166PAC5	10-01-2017	22,500,000	SEE SCHEDULE K, PART VI		X		X		X

Part Ⅱ

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................
2 Amount of bonds legally defeased ..............
3 Total proceeds of issue ..................	22,500,000
4 Gross proceeds in reserve funds .............
5 Capitalized interest from proceeds .............
6 Proceeds in refunding escrows ...............
7 Issuance costs from proceeds ...............
8 Credit enhancement from proceeds .............
9 Working capital expenditures from proceeds .............
10 Capital expenditures from proceeds .............	22,500,000
11 Other spent proceeds .............
12 Other unspent proceeds .............
13 Year of substantial completion .............	2017
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue of tax-exempt bonds (or, if issued prior to 2019, a current refunding issue)? ........	X
15 Were the bonds issued as part of an advance refunding issue of taxable bonds (or, if issued prior to 2019, an advance refunding issue)? ........		X
16 Has the final allocation of proceeds been made? ..........	X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? ..................	X

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2020

Page 2

Part Ⅲ

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............		X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............		X
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?
c Are there any research agreements that may result in private business use of bond-financed property? .............		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government .........
6 Total of lines 4 and 5 .............
7 Does the bond issue meet the private security or payment test? ...		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? ........	X

Part Ⅳ

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...		X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......		X
b Exception to rebate? ........		X
c No rebate due? .........	X
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate computation was performed ......
3 Is the bond issue a variable rate issue? .....	X

Schedule K (Form 990) 2020

Page 3

Part Ⅳ

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?	X
b Name of provider ..........	SUNTRUST BANK
c Term of hedge .........	3000.0000000000 %
d Was the hedge superintegrated? ......		X
e Was the hedge terminated? ........		X
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?		X
b Name of provider ..........
c Term of GIC .........
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........
6 Were any gross proceeds invested beyond an available temporary period?		X
7 Has the organization established written procedures to monitor the requirements of section 148? ...	X

Part Ⅴ

Procedures To Undertake Corrective Action

---------------------------------------------------------------------------------------------------------------	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?	X

Part Ⅵ

Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).

Return Reference	Explanation
DATE REBATE COMPUTATION PERFORMED	ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE, DATE THE REBATE COMPUTATION WAS PERFORMED: 08/16/2019
SCHEDULE K, PART I, (F)	DESCRIPTION OF PURPOSE THE $22,500,000 IN BOND PROCEEDS WERE USED TO REFUND THE 2007 AND 2010 BOND ISSUES. THE ORIGINAL BOND ISSUES WERE FOR PROPERTY ACQUISITION AND THE CONSTRUCTION OF THE JEFFERSON FELLOWS CENTER AND THE ADJOINING FOUNDATION ADMINISTRATIVE OFFICES.

Schedule K (Form 990) 2020

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

JEFFERSON SCHOLARS FOUNDATION

Employer identification number

31-1755873

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No
(1) JAMES H WRIGHT	PRES	SEE PT V		X	340,650	984,100		No	Yes		Yes





Total ............... $						984,100

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990 or 990-EZ) 2020

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person	(c) Amount of transaction	(d) Description of transaction	Yes	No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference

Explanation

SCHEDULE L, PART II, (C)

PURPOSE OF LOANTHE FOUNDATION MAINTAINS A SPLIT-DOLLAR LIFE INSURANCE POLICY FOR THE BENEFIT OF THE PRESIDENT. ON JANUARY 1, 2004, THIS POLICY WAS CONVERTED TO A LOAN SUBSEQUENT TO IRS NOTICE 2002-8.THE LOAN IS COMPRISED OF THE LIFE INSURANCE POLICY PREMIUMS PAID BY THE FOUNDATION. AS OF JUNE 30, 2021, THE LOAN HAD A $984,100 OUTSTANDING BALANCE WITH LOAN REPAYMENT SECURED BY A COLLATERAL ASSIGNMENT.

Schedule L (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

JEFFERSON SCHOLARS FOUNDATION

Employer identification number

31-1755873

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	28	990,129	MEAN VALUE
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( WHOLE LIFE INSURANCE POLICY )	X	1	57,484	NET CASH SURRENDER V
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

Yes

If "Yes," describe in Part II.

If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2020)

Page 2

Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation
PART I, COLUMN (B):	THE FOUNDATION IS REPORTING THE NUMBER OF STOCK CONTRIBUTIONS. EACH CONTRIBUTION COULD INCLUDE MULTIPLE SHARES OF STOCK.
PART I, LINE 32B:	THE FOUNDATION HAS ITS OWN SECURITIES BROKERAGE ACCOUNT THAT IS USED TO RECEIVE AND SELL DONATED SECURITIES. THE FOUNDATION ALSO USES UVA ADVANCEMENT SERVICES AND ITS SECURITIES BROKER TO RECEIVE AND SELL DONATED SECURITIES.

Schedule M (Form 990) (2020)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

JEFFERSON SCHOLARS FOUNDATION

Employer identification number

31-1755873

Return Reference	Explanation
FORM 990, PART III, LINE 1	THE MISSION OF THE FOUNDATION IS TO BENEFIT THE UVA BY IDENTIFYING, ATTRACTING, AND NURTURING INDIVIDUALS OF EXTRAORDINARY INTELLECTUAL RANGE AND DEPTH WHO POSSESS THE HIGHEST CONCOMITANT QUALITIES OF LEADERSHIP, SCHOLARSHIP, AND CITIZENSHIP. THE FOUNDATION ADMINISTERS THE MERIT-BASED JEFFERSON SCHOLARSHIP, JEFFERSON FELLOWSHIP, JEFFERSON PROFESSORSHIP, AND NATIONAL FELLOWSHIP PROGRAMS. JEFFERSON SCHOLARSHIPS FUND TUITION, FEES, ROOM AND BOARD, AND OTHER EXPECTED LIVING EXPENSES DURING THE STUDENT'S TENURE AT UVA, WHILE JEFFERSON FELLOWSHIPS RANGE IN DURATION AND STIPEND SUPPORT DEPENDING UPON THE FIELD OF STUDY. THE FOUNDATION PROVIDES FINANCIAL AND OTHER ASSISTANCE TO UVA IN SUPPORT OF THE JEFFERSON PROFESSORS IN RESIDENCE. NATIONAL FELLOWSHIPS PROVIDES STIPEND SUPPORT TO NATIONWIDE DISSERTATION SCHOLARS IN THE FIELDS OF AMERICAN HISTORY, POLITICS, PUBLIC POLICY, OR FOREIGN RELATIONS. THE INITIAL SELECTION PROCESS FOR THE MERIT-BASED WALENTAS SCHOLARSHIP PROGRAM BEGINS IN THE FALL OF 2021, WITH THE FIRST RECIPIENTS MATRICULATING AT UVA IN 2022. THESE FIRST-GENERATION SCHOLARS WILL BE AWARDED FOUR-YEAR UNDERGRADUATE SCHOLARSHIPS THAT COVER THE PROJECTED COST OF TUITION, FEES, ROOM AND BOARD, AND OTHER LIVING EXPENSES.
FORM 990, PART VI, SECTION A, LINE 7A	THE FOUNDATION'S BOARD OF DIRECTORS (BOARD) INCLUDES THREE EX-OFFICIO POSITIONS: THE CHAIRMAN OF THE UVA ALUMNI ASSOCIATION OR HIS OR HER DESIGNEE; A DESIGNEE BY THE BOARD OF VISITORS OF UVA IN CONSULTATION WITH THE FOUNDATION'S BOARD CHAIRMAN; AND A DESIGNEE BY THE PRESIDENT OF UVA, ALSO IN CONSULTATION WITH THE FOUNDATION'S BOARD CHAIRMAN.
FORM 990, PART VI, SECTION B, LINE 11B	THE FOUNDATION'S INDEPENDENT AUDITORS PREPARED THE FORM 990 FROM INFORMATION PROVIDED BY THE FOUNDATION'S FINANCE TEAM. THE DIRECTOR OF FINANCE REVIEWS THE FORM 990 AND ACKNOWLEDGES HER RESPONSIBILITY FOR THE COMPLETENESS AND ACCURACY OF THE INFORMATIONAL TAX RETURN. UPON COMPLETION OF THE REVIEW, THE RETURN IS DISTRIBUTED TO MEMBERS OF THE BOARD'S AUDIT COMMITTEE FOR REVIEW AND APPROVAL. AFTER APPROVAL, THE RETURN IS MADE AVAILABLE TO ALL THE BOARD MEMBERS AND THEN FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICT OF INTEREST POLICY MONITORING AND ENFORCEMENT COMPLIANCE: A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS DISTRIBUTED ANNUALLY. THE FOUNDATION MONITORS THE RETURN OF THE DISCLOSURE STATEMENTS AND FOLLOWS UP ACCORDINGLY. THE FOUNDATION REQUIRES EACH DIRECTOR AND EMPLOYEE TO DISCLOSE CONFLICTS OF INTERESTS AS THEY ARISE. THE DISCLOSURE STATEMENTS ARE REVIEWED BY THE DIRECTOR OF FINANCE FOR SITUATIONS REQUIRING DISCLOSURE TO, AND APPROVAL BY, THE BOARD OF DIRECTORS. THE CONFLICT OF INTEREST TRANSACTION MUST BE APPROVED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DIRECTORS ON THE BOARD OF DIRECTORS WHO HAVE NO DIRECT OR INDIRECT PERSONAL INTEREST IN THE TRANSACTION. FINANCE TEAM MEMBERS MONITOR THE FOUNDATION'S BUSINESS DEALINGS TO IDENTIFY, WHEN POSSIBLE, A POTENTIAL CONFLICT OF INTEREST. ANY IDENTIFIED POTENTIAL CONFLICT OF INTEREST WOULD BE BROUGHT TO MANAGEMENT'S ATTENTION FOR RESOLUTION.
FORM 990, PART VI, SECTION B, LINE 15	THE FOUNDATION EMPLOYS ITS PRESIDENT UNDER THE TERMS OF A FIVE-YEAR EMPLOYMENT AGREEMENT. THE CONTRACT TERMS AND COMPENSATION WERE ESTABLISHED BY THE BOARD OF DIRECTORS USING COMPARABLE DATA, A COMPENSATION CONSULTANT, AND AN EMPLOYEE BENEFITS ATTORNEY. THE BOARD DOCUMENTED THIS EMPLOYMENT DECISION THROUGH THE TERMS OF THE EMPLOYMENT AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15B: THE FOUNDATION'S DIRECTOR OF BUSINESS PLANNING AND OPERATIONS CONDUCTS AN ANNUAL COMPENSATION REVIEW USING COMPARABLE COMPENSATION INFORMATION PERTAINING TO THE EMPLOYMENT RESPONSIBILITIES AND EXPERIENCE LEVELS OF ALL FOUNDATION STAFF. THIS COMPENSATION INFORMATION IS SHARED WITH THE FOUNDATION'S PRESIDENT FOR INPUT INTO THE REVIEW AND EVALUATION OF THE STAFF COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 18	THE FOUNDATION'S FORM 990 AND FORM 990-T ARE AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19	THE FOUNDATION'S GOVERNANCE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:	CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 2,392,098. CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN TRUSTS 1,315,452. CHANGE IN FAIR VALUE OF PERPETUAL TRUSTS 7,963,564. RESERVE FOR NOTE RECEIVABLE -543,864. WRITE-OFFS OF PLEDGES RECEIVABLE -1,229,757.
FORM 990, PART XII, LINE 2C:	NO CHANGES WERE MADE TO THE AUDIT OVERSIGHT OR INDEPENDENT ACCOUNTANT SELECTION PROCESSES DURING THE FISCAL YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

JEFFERSON SCHOLARS FOUNDATION

Employer identification number

31-1755873

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) CLARKE COURT APARTMENTS LLC 112 CLARKE COURT CHARLOTTESVILLE,VA22903 45-2741718	RENTAL PROPERTY OWNERSHIP	VA	324,274	1,919,868	JEFFERSON SCHOLARS FOUNDATION
(2) CLARKE COURT REAL ESTATE HOLDINGS LLC 112 CLARKE COURT CHARLOTTESVILLE,VA22903 86-2192565	REAL ESTATE HOLDING	VA	56,799	56,799	JEFFERSON SCHOLARS FOUNDATION

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2020

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) CHARITABLE REMAINDER UNITRUSTS (5)	TRUST	VA	JSF						No

Schedule R (Form 990) 2020

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

Yes

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) CLARKE COURT REAL ESTATE HOLDINGS LLC	I	3,045,000	APPRAISED VALUE OF PROPERTY GIFT
(2) CLARKE COURT REAL ESTATE HOLDINGS LLC	S	3,890,000	SALES PROCEEDS FROM PROPERTY SALE

Schedule R (Form 990) 2020

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2020

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2020

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: THE JEFFERSON SCHOLARS FOUNDATION (FOUNDATION) PROVIDES ACADEMIC MERIT-BASED SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP SUPPORT TO STUDENTS AND FACULTY AT THE UNIVERSITY OF VIRGINIA (UVA).
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	30
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	30
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	23
6	Total number of volunteers (estimate if necessary) .............	6	1,138
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	192,075
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	174,671

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	17,820,134	34,505,149
9	Program service revenue (Part VIII, line 2g) .........	0	0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	931,052	2,016,407
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	109,562	107,818
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	18,860,748	36,629,374
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	12,073,518	17,272,109
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	3,711,233	4,191,297
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 2,251,027
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	4,732,549	4,258,969
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	20,517,300	25,722,375
19	Revenue less expenses. Subtract line 18 from line 12.......	-1,656,552	10,906,999
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	547,483,075	761,742,846
21	Total liabilities (Part X, line 26).............	63,913,335	67,723,707
22	Net assets or fund balances. Subtract line 21 from line 20.....	483,569,740	694,019,139

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 20,887,793 including grants of $ 17,272,109 ) (Revenue $ )
	SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP PROGRAM IN SUPPORT OF UVA.THE FOUNDATION AWARDS ACADEMIC MERIT-BASED, FULL COST, FOUR-YEAR SCHOLARSHIP GRANTS TO BETWEEN 31 AND 35 INCOMING UNDERGRADUATES EACH YEAR. THE FOUNDATION ALSO AWARDED 19 ACADEMIC MERIT-BASED, GRADUATE FELLOWSHIPS TO INCOMING PHD AND MBA CANDIDATES AND 7 ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO NATIONAL FELLOWS DURING FISCAL YEAR 2021. LASTLY, THE FOUNDATION FUNDED, IN WHOLE OR IN PART, THE SALARIES, BENEFITS, AND OTHER RELATED COSTS OF 5 UVA PROFESSORS. OVERALL, THE FOUNDATION PROVIDED FINANCIAL SUPPORT TO 266 STUDENTS AND FACULTY.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses20,887,793

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	2,065,740	0	669,798

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	34,505,149

g	Noncash contributions included in lines 1a - 1f:$		1g	1,047,613

h Total. Add lines 1a-1f.......		34,505,149

		Business Code
2a
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....

3 Investment income (including dividends, interest, and othersimilar amounts) ......			1,183,302		192,075	991,227
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents		324,274	6a
b	Less: rental expenses		216,456	6b
c	Rental income or (loss)		107,818	6c
d	Net rental income or (loss).......			107,818			107,818
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		8,278,622	7a
b	Less: cost or other basis and sales expenses		7,445,517	7b
c	Gain or (loss)		833,105	7c
d	Net gain or (loss).........			833,105			833,105
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			36,629,374	0	192,075	1,932,150

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	16,423,418	16,423,418
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	848,691	848,691
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	2,083,302	428,162	634,193	1,020,947
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	863,226	579,492	107,774	175,960
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	294,776	95,215	78,120	121,441
9	Other employee benefits .......	776,299	214,456	234,835	327,008
10	Payroll taxes ...........	173,694	58,628	44,964	70,102
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	7,972		7,972
c	Accounting ...........	55,075		55,075
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	840,178		840,178
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	74,085	6,674	58,525	8,886
12	Advertising and promotion ....
13	Office expenses .......	230,980	79,506	70,533	80,941
14	Information technology ......	97,902	32,634	32,634	32,634
15	Royalties ..
16	Occupancy ...........	607,432	449,605	56,272	101,555
17	Travel ............	55,253	4,267	926	50,060
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	16,069		16,069
20	Interest ...........	796,142	611,193	86,250	98,699
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	985,980	756,931	106,816	122,233
23	Insurance ...	87,420		87,420
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	SCHOLAR ENRICHMENT	224,405	224,405
b	SCHOLAR SELECTION/RECOG	58,698	58,698
c	TAXES AND LICENSES	52,088		42,163	9,925
d	ALL OTHER EXPENSES	29,044	172	331	28,541
e	All other expenses	40,246	15,646	22,505	2,095
25	Total functional expenses. Add lines 1 through 24e	25,722,375	20,887,793	2,583,555	2,251,027
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........				1
2	Savings and temporary cash investments .........			13,926,311	2	18,297,745
3	Pledges and grants receivable, net ......			92,191,893	3	104,188,709
4	Accounts receivable, net .............				4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				946,250	5	984,100
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			2,600,000	7	2,600,000
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			452,694	9	524,651
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	30,170,421
b	Less: accumulated depreciation	10b	9,072,892	21,710,247	10c	21,097,529
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....			391,957,918	12	581,277,582
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			23,697,762	15	32,772,530
16	Total assets. Add lines 1 through 15 (must equal line 33)...			547,483,075	16	761,742,846

17	Accounts payable and accrued expenses .....	414,147	17	403,518
18	Grants payable ...	30,127,762	18	35,910,619
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........	22,500,000	20	22,500,000
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	10,871,426	25	8,909,570
26	Total liabilities. Add lines 17 through 25..	63,913,335	26	67,723,707

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	9,292,972	27	19,220,386
28	Net assets with donor restrictions ...........	474,276,768	28	674,798,753
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	483,569,740	32	694,019,139
33	Total liabilities and net assets/fund balances ........	547,483,075	33	761,742,846

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No