TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021

Name of foundation
Oates Family Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

94-3289689

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$3,040,688J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	2,967,233
2	Check .............
3	Interest on savings and temporary cash investments	375		375
4	Dividends and interest from securities...	28,336		28,336
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		126,704
b	Gross sales price for all assets on line 6a 2,518,099
7	Capital gain net income (from Part IV, line 2)...			972,178
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	3,122,648		1,000,889
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		63	0	0	63
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		5,649	5,649
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		6	6
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		14,420			14,420
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	20,138		5,655	0	14,483
25	Contributions, gifts, grants paid.......	167,170				167,170
26	Total expenses and disbursements. Add lines 24 and 25	187,308		5,655	0	181,653
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,935,340
b	Net investment income (if negative, enter -0-)			995,234
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	19,504	1,535,486	1,535,486
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......		1,419,358	1,505,202
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	19,504	2,954,844	3,040,688
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	19,504	2,954,844
	29	Total net assets or fund balances (see instructions).....	19,504	2,954,844
	30	Total liabilities and net assets/fund balances (see instructions).	19,504	2,954,844

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

19,504

Enter amount from Part I, line 27a .....................

2,935,340

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

2,954,844

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

2,954,844

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,518,099	1,545,921	972,178
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			972,178
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	972,178
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	13,834
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	13,834
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	192
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	14,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	14,192
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	358
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax358	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

Yes

If "Yes," attach the statement required by General Instruction T. Click to see attachment

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Jana Oates	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Matt Oates	Chief Financial Officer 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Chief Financial Officer 1.0	0	0	0
Philip D Oates	Dir, Pres 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 1.0	0	0	0
Courtney Oates-Reed	Sec, Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Sec, Dir 1.0	0	0	0
Michael Reed	Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Treas 1.0	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










Total number of other employees paid over $50,000...................

Form 990-PF (2021)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

998,948

Average of monthly cash balances.......................

370,271

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,369,219

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,369,219

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

20,538

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

1,348,681

Minimum investment return. Enter 5% (0.05) of line 5................

67,434

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

67,434

Tax on investment income for 2021 from Part V, line 5.......

13,834

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

13,834

Distributable amount before adjustments. Subtract line 2c from line 1............

53,600

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

53,600

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

53,600

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			53,600
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:2019, 2018, 2017
3 Excess distributions carryover, if any, to 2021:
a From 2016......	427,171
b From 2017......	454,414
c From 2018......	680,629
d From 2019......	658,412
e From 2020......	448,370
f Total of lines 3a through e ........		2,668,996
4Qualifying distributions for 2021 from Part
XI, line 4: $ 181,653
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....			53,600
e Remaining amount distributed out of corpus		128,053
5 Excess distributions carryover applied to 2021.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		2,797,049
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		427,171
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		2,369,878
10 Analysis of line 9:
a Excess from 2017....	454,414
b Excess from 2018....	680,629
c Excess from 2019....	658,412
d Excess from 2020....	448,370
e Excess from 2021....	128,053

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

Jana Oates

Philip D Oates

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALLIANCE FOR COMPASSION AND EDUCATIONAL DEVELOPMEN 9470 MICRON AVE SACRAMENTO,CA95827	N/A	PC	General & Unrestricted	25,000
ALPHA LAMBDA ALUMNI ASSOCIATION 123 FELDER CREEK RD SUMMERVILLE,SC29486	N/A	PC	General & Unrestricted	5,000
ALTERNATIVES PREGNANCY CENTER 1111 HOWE AVE STE 610 SACRAMENTO,CA95825	N/A	PC	General & Unrestricted	5,000
ANRAK CHARITABLE FOUNDATION 5820 MAYHEW RD SACRAMENTO,CA95827	N/A	PC	General & Unrestricted	5,000
CAPITAL CHRISTIAN CENTER 9470 MICRON AVE SACRAMENTO,CA95827	N/A	PC	General & Unrestricted	27,000
DONOVAN CREASON MEMORIAL TRUST FUND 103 RUSSLER LN FOLSOM,CA95630	N/A	PC	General & Unrestricted	1,000
DOWN 2 EARTH CHRISTIAN FELLOWSHIP 17838 MONO COURT ADELANTO,CA92301	N/A	PC	General & Unrestricted	3,000
FRIENDS-CARE 500A JEFFERSON BLVD W SACRAMENTO,CA95605	N/A	PC	General & Unrestricted	25,000
HOMES FOR FAMILIES 21031 VENTURA BLVD STE 610 WOODLAND HILLS,CA91364	N/A	PC	General & Unrestricted	5,000
MAKE-A-WISH NORTHEASTERN & CENTRAL CALIFORNIA AND 2800 CLUB CENTER DR SACRAMENTO,CA95835	N/A	PC	General & Unrestricted	500
NORTHERN CALIFORNIA CHILDRENS THERAPY CENTER 1321 COLLEGE ST STE E WOODLAND,CA95695	N/A	PC	General & Unrestricted	5,000
ONWARD & UPWARD INC 2380 NW 163RD ST CLIVE,IA50325	N/A	PC	General & Unrestricted	6,170
SACRAMENTO COUNTY AG FOUNDATION PO BOX 217 WILTON,CA95693	N/A	PC	General & Unrestricted	5,000
SOUTH CAROLINA CHARITIES INC 104 S MAIN ST STE 110 GREENVILLE,SC29601	N/A	PC	General & Unrestricted	6,500
TREATEM LIKE A KING 6470 MATHENY WAY CITRUS HEIGHTS,CA95621	N/A	PC	General & Unrestricted	3,000
UNIVERSITY FOUNDATION AT SACRAMENTO STATE 6000 J ST MODOC HALL 3001 SACRAMENTO,CA95819	N/A	PC	General & Unrestricted	20,000
WESTERN STATES FELLOWSHIP 6106 OCEAN VIEW DR OAKLAND,CA94618	N/A	PC	General & Unrestricted	15,000
YES YOUNG ENOUGH TO SERVE 1040 CREEK DR SCOTTS VALLEY,CA95066	N/A	PC	General & Unrestricted	5,000
Total ................................. 3a				167,170

bApproved for future payment

Total ................................. 3b

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	375
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	126,704
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				155,415

13Total. Add line 12, columns (b), (d), and (e)..................

155,415

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990)

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

2021

Name of the organization

Oates Family Foundation

Employer identification number

94-3289689

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) (2021)

Schedule B (Form 990) (2021) Page 2

Name of organization Oates Family 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
1	Philip D Oates 555 Capitol Mall Suite 900 Sacramento, CA95814	$ 310,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	Phil and Jana Oates Family Trust 555 Capitol Mall Suite 900 Sacramento, CA95814	$ 2,657,233	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) (2021)

Schedule B (Form 990) (2021)

Page 3

Name of organization Oates Family Foundation		Employer identification number 94-3289689

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
2	UNIT FIRST TRUST CAP STRENGTH OPPORTUNI CPSO12R, 39559 sh.	$ 502,965	2021-04-08
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	UNIT FIRST TRUST HEALTH CARE SELECT 57 HC2Y57R, 27285 sh.	$ 317,123	2021-04-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	UNIT FIRST TRUST CAP STRENGTH OPPORTUNI CPSO12R, 14762 sh.	$ 190,988	2021-04-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	UNIT FT S&P TARGET 24 2Q 20 30313H796, 16202 sh.	$ 253,590	2021-06-21
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	UNIT FIRST TRUST TECHNOLOGY SELECT 77 R UFTTSEC77, 19745 sh.	$ 401,990	2021-08-03
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	UNIT FIRST TRUST TECHNOLOGY SELECT 77 R UFTTSEC77, 24367 sh.	$ 500,082	2021-10-28
Schedule B (Form 990) (2021)

Name of organization Oates Family Foundation		Employer identification number 94-3289689
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
2	UNIT FT MEGA-CAP 57 UNFTMGCP57, 33677 sh.	$ 490,495	2021-12-01
(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) (2021)

Schedule B (Form 990) (2021)

Page 4


Name of organization Oates Family Foundation			Employer identification number 94-3289689
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) (2021)

Additional Data

Software ID:
Software Version:

- TIN:

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

TY 2021 DepreciationSchedule

Name:

Oates Family Foundation

EIN:

94-3289689

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

Oates Family Foundation

EIN:

94-3289689

Name of Stock	End of Year Book Value	End of Year Fair Market Value
10X GENOMICS CLASS A	946	894
ABBOTT LABS	11,891	13,793
ABBVIE INC	2,175	2,573
ACTIVISION BLIZZARD INC	7,211	5,722
ADOBE SYSTEMS, INC	5,162	5,104
ADVANCE AUTO PARTS INC	2,536	2,879
AIR PRODS & CHEM INC	5,263	5,477
ALCON INC	1,630	1,917
ALEXANDRIA REAL ESTATE EQUITIE	7,089	8,250
ALIBABA GROUP HOLDING LTD	3,573	2,376
ALLEGION PLC	4,762	4,635
AMAZON COM	21,308	20,006
AMC NETWORKS INC	769	517
AMETEK INC	8,663	9,264
AMPHENOL CORPORATION	3,182	3,848
APPLE INC	12,589	15,626
APTIV PLC	2,292	2,474
ASML HOLDING NV NY REG SHS	2,909	3,185
ASPEN TECHNOLOGY, INC	5,019	5,479
ATLASSIAN CORP PLC	1,715	2,669
AUTODESK, INC	7,016	6,467
AZENTA INC	8,274	8,352
BANK OF AMERICA CORP	4,254	4,582
BCE INC	10,133	10,824
BECTON DICKINSON & CO	7,458	7,544
BENTLEY SYSTEMS INC CL B	3,806	3,335
BERKLEY W R CP	4,221	4,614
BIOGEN INC	4,705	4,079
BLACKROCK INC	10,261	10,987
BROADCOM INC	5,752	7,985
BROADRIDGE FINANCIAL	5,479	6,033
CATERPILLAR INC	3,804	3,721
CERENCE INC	1,939	1,533
CHARLES RIV LABORATORIES INTL	1,544	1,507
CHEVRON CORP	5,127	5,750
CHUBB LIMITED	6,486	7,152
CITRIX SYSTEMS INC	2,378	2,176
COMCAST CORP	14,320	13,035
COOPER COMPANIES INC	4,895	5,027
CORTEVA INC	7,720	7,848
COSTCO WHOLESALE CORPORATION	5,851	7,380
CROWDSTRIKE HOLDINGS, INC	1,070	819
DEERE CO	8,637	8,229
DIGITAL RLTY TR INC	7,643	8,667
DISCOVER FINL SVCS COM	6,503	6,356
DISCOVERY INC (FORMERLY DISC C	2,952	2,119
DOCUSIGN INC	3,402	1,980
DOLBY LABORATORIES	9,799	9,808
EATON CORP PLC	2,070	2,247
ELANCO ANIMAL HEALTH INCORPORA	5,551	4,739
ELI LILLY & CO	1,988	2,486
EOG RESOURCES INC	7,579	8,705
EQUIFAX INC	5,722	6,734
EQUINIX, INC	3,058	3,383
EQUITY LIFESTYLE PRP	2,438	2,805
ETSY INC	1,071	876
EVERSOURCE ENERGYINC	4,611	4,913
EXPEDITORS INTL WASH INC	4,459	4,969
EXPONENT, INC	6,183	6,770
FIDELITY NATIONAL FINANCIAL IN	7,335	8,036
FIDELITY NATIONAL INFORMATION	7,840	6,112
FIRST FINANCIAL BANKSHARES, IN	3,515	3,610
FIRST REPUBLIC BANK	9,580	10,119
FIRST TRUST S&P REIT INDEX F	52,607	60,049
FREEPORT-MCMORAN COPPER & GOLD	1,690	1,878
GLOBUS MEDICAL INC	7,351	7,148
GRAINGER W W INC	3,193	3,628
GUARDANT HEALTH INC	4,198	3,501
HEICO CP CL A	5,240	5,269
HOME DEPOT INC	4,735	5,810
HONEYWELL INTL	4,006	3,753
HORMEL FOODS CP	9,906	10,641
HOULIHAN LOKEY INC	4,351	5,383
HUBSPOT INC	2,940	2,637
IHS MARKIT LTD	2,757	3,190
IMMUNOGEN, INC	417	512
INTUITIVE SURGICAL	2,060	2,156
INVESTOOLS INC	4,923	4,956
IONIS PHARMACEUTICALS INC	1,786	1,339
JOHNSON CONTROLS INTERNATIONAL	2,732	3,415
JP MORGAN CHASE	10,223	10,451
KKR & CO INC	11,601	13,708
L3HARRIS TECHNOLOGIES	3,245	3,199
LAMB WESTON HOLDINGS INC	5,583	5,007
LENNOX INTL INC	2,646	2,595
LIBERTY BROADBAND CORP	649	644
LIBERTY BROADBAND CORP K	998	967
LIBERTY MEDIA CORP SER A	290	356
LIBERTY MEDIA CORP SER C	141	190
LIBERTY SIRIUS XM CORP - SER C	1,025	1,119
LIBERTY SIRIUS XM GROUP - SER	522	559
LPL FINANCIAL HOLDINGS INC	3,239	3,362
LYFT INC	1,320	1,068
MAGNA INTERNATIONAL INC	12,278	11,493
MARATHON PETROLEUM CORP	6,650	7,487
MATCH GROUP INC	2,383	2,116
MEDTRONIC PLC	12,580	10,448
MERCK & CO INC	8,840	8,967
META PLATFORMS INC	12,624	12,445
MICROCHIP TECHNOLOGY INC	8,323	9,577
MICROSOFT CORP	15,665	18,834
MONSTER BEVERAGE CORP	2,921	2,977
MORGAN STANLEY	6,971	7,558
NETFLIX INC	2,956	3,012
NEXTERA ENERGY, INC	6,921	8,029
NIKE INC-CL B	11,898	12,667
NORDSON CP	5,392	5,871
NOVARTIS AG ADR	7,391	7,522
NVIDIA CORP	2,950	5,588
OLD DOMINION FREIGHT LINES	5,029	6,451
PACCAR INC	9,725	9,709
PALO ALTO NETWORKS INC	2,854	3,897
PARKER HANNIFIN CP	11,716	11,770
PAYPAL HOLDINGS, INC	2,074	2,074
PENTAIR INC. COM	5,572	5,915
PFIZER INC	6,000	8,090
PNC FINANCIAL GROUP INC	7,945	8,422
PPG INDUSTRIES INC	5,985	6,208
RAYTHEON TECHNOLOGIES CORP	2,110	2,152
REALTY INCOME CORP	4,761	4,868
ROCHE HOLDING LTD ADR	7,686	8,891
ROSS STORES, INC	6,185	5,714
SALESFORCE.COM	4,672	4,828
SAP AKTIENGESELL ADS	4,200	4,203
SEA LTD	2,228	2,013
SEAGATE TECHNOLOGY HOLDINGS PL	3,834	4,745
SEMPRA ENERGY COM	3,150	3,175
SITEONE LANDSCAPE SUPPLY INC	3,837	4,846
SPDR GOLD SHARES	56,905	57,784
SPLUNK INC	3,253	2,893
STARBUCKS CORP COM	5,650	5,732
STERIS PLC	3,981	4,381
SWISS RE LTD ADR	4,297	4,584
TAIWAN SEMICONDUCTOR MFG CO LT	9,010	9,144
TARGET CORPORATION	4,432	4,397
TE CONNECTIVITY LTD	3,788	4,356
THE COCA-COLA CO	8,514	9,178
THERMO FISHER SCIENTIFIC INC	3,050	4,003
THORNBURG GLOBAL VALUE FUND CL	60,816	55,475
THORNBURG INTERNATIONAL GROWTH	60,334	54,823
TRACTOR SUPPLY CO COM	2,955	3,579
TRANE TECHNOLOGIES PLC	6,715	7,273
TWITTER INC	6,524	5,273
TYSON FOODS INC CL A	4,223	4,794
UBER	4,015	3,396
UIPATH ORD SHS CLASS A	512	518
ULTA SALON, COSMETICS & FRAGRA	1,729	2,062
UNION PACIFIC	5,643	6,298
UNIT FIRST TRUST HEALTH CARE S	338,851	382,176
UNITED PARCEL SERVICE	3,901	4,072
UNITEDHEALTH GROUP INC	21,265	25,609
VERISK ANALYTICS, INC	4,894	5,718
VERIZON COMMUNICATIONS	9,527	8,937
VERTEX PHARMCTLS INC	8,051	8,784
VISA INC	8,865	8,668
WALT DISNEY HOLDINGS CO	3,924	3,562
WEC ENERGY GROUP, INC	4,595	4,756
WEST PHARMA SVCS INC	5,952	7,504
WESTERN DIGITAL CORP	3,237	3,261
WOLFSPEED INC	3,272	3,465
WORKDAY INC	1,969	2,185
XCEL ENERGY INC	5,047	5,010
ZEBRA TECHNOLOGIES CORP	4,254	4,762
ZOETIS INC	3,615	4,637

- TIN:

TY 2021 LiquidationExplanationStmt

Name:

Oates Family Foundation

EIN:

94-3289689

Statement:

As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $167,170. This amount represents 25% or more of the Foundation's net assets of $19,504 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.

- TIN:

TY 2021 LegalFeesSchedule

Name:

Oates Family Foundation

EIN:

94-3289689

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	63			63

- TIN:

TY 2021 OtherExpensesSchedule

Name:

Oates Family Foundation

EIN:

94-3289689

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Administrative Fees	14,325			14,325
State or Local Filing Fees	95			95

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

Oates Family Foundation

EIN:

94-3289689

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	5,649	5,649

- TIN:

TY 2021 TaxesSchedule

Name:

Oates Family Foundation

EIN:

94-3289689

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Foreign Tax Paid	6	6