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 07-01-2021 , and ending 06-30-2022

Name of foundation
BRIAN AND SHEILA JELLISON FAMILY
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)48 S FRANKLIN TURNPIKE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RAMSEY, NJ07446

A Employer identification number

83-2115946

B Telephone number (see instructions)

(201) 661-6600

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

$66,860,700J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	910,658		910,658
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		35,160
b	Gross sales price for all assets on line 6a 23,591,888
7	Capital gain net income (from Part IV, line 2)...			35,160
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........	945,818		945,818
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		363	182	181
b	Accounting fees (attach schedule).......		26,769	13,385	13,385
c	Other professional fees (attach schedule)....		136,939	136,939	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		29,717	19,267	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	8,752		0	8,752
22	Printing and publications..........
23	Other expenses (attach schedule).......		15,726	8,809	6,917
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	218,266		178,582	29,235
25	Contributions, gifts, grants paid.......	2,032,188			2,032,188
26	Total expenses and disbursements. Add lines 24 and 25	2,250,454		178,582	2,061,423
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,304,636
b	Net investment income (if negative, enter -0-)			767,236
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.........	621,717	1,113,861	1,113,861
	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)	1,804,278	1,453,176	1,453,176
	b	Investments—corporate stock (attach schedule).......	58,777,759	45,358,017	45,358,017
	c	Investments—corporate bonds (attach schedule).......	873,415	831,219	831,219
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	20,203,247	18,058,319	18,058,319
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	14,660	46,108	46,108
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	82,295,076	66,860,700	66,860,700
	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 )	51,147	28,520
	23	Total liabilities (add lines 17 through 22).........	51,147	28,520
		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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	82,243,929	66,832,180
	29	Total net assets or fund balances (see instructions).....	82,243,929	66,832,180
	30	Total liabilities and net assets/fund balances (see instructions).	82,295,076	66,860,700

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) ...............

82,243,929

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

-1,304,636

Other increases not included in line 2 (itemize) bullet

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

80,939,293

Decreases not included in line 2 (itemize) bullet

14,107,113

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

66,832,180

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
1 a	MARKETABLE SECURITIES SALES	P
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	23,591,888	23,556,728	35,160
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			35,160
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	35,160
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	0
3	Add lines 1 and 2...........................	3	10,665
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	10,665
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	43,800
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	43,800
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	33,135
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax33,135	Refunded	11	0

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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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?.........

If "Yes," attach the statement required by General Instruction T.

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

N/A

The books are in care of bullet

WILLIAM M MONAHAN Telephone no. bullet

(201) 661-6600

Located at bullet

48 S FRANKLIN TPKE SUITE 300RAMSEYNJ ZIP+4 bullet

07446

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)

Yes

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

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

1a(5)

(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
SHEILA JELLISON	PRESIDENT 1.00	0	0	0
CORRADO CPA48 S FRANKLIN TPKE 300 RAMSEY,NJ07446	PRESIDENT 1.00	0	0	0
CHRISTINA MUCHA	VICE PRESIDENT 1.00	0	0	0
CORRADO CPA48 S FRANKLIN TPKE 300 RAMSEY,NJ07446	VICE PRESIDENT 1.00	0	0	0
MICHELLE JELLISON	VICE PRESIDENT 1.00	0	0	0
CORRADO CPA48 S FRANKLIN TPKE 300 RAMSEY,NJ07446	VICE PRESIDENT 1.00	0	0	0
HILARY SIMONDS	SECRETARY 1.00	0	0	0
CORRADO CPA48 S FRANKLIN TPKE 300 RAMSEY,NJ07446	SECRETARY 1.00	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
NONE









Total number of other employees paid over $50,000...................				0

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
MERRILL CORPINSTL GROUP	INVESTMENT ADVISORY	136,939
3455 PEACHTREE RD NE STE 1000 ATLANTA,GA30326	INVESTMENT ADVISORY	136,939

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...................

79,536,166

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

673,414

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

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

80,209,580

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.........................

80,209,580

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

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

1,203,144

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

79,006,436

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

3,950,322

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..................

3,950,322

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

10,665

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

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

10,665

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

3,939,657

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

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

3,939,657

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

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

3,939,657

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	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					3,939,657
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......	655,345
f Total of lines 3a through e ........		655,345
4Qualifying distributions for 2021 from Part
XI, line 4: $ 2,061,423
a Applied to 2020, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....					2,061,423
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.		655,345			655,345
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........					1,222,889
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....

Form 990-PF (2021)

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).)

SHEILA JELLISON

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
ELMHURST CHILDRENS THEATER INC PO BOX 64 ELMHURST,IL60126		PC	TO SUPPORT THE LIVE THEATRE EXPERIENCE TO CHILDREN IN THE ELMHURST COMMUNITY	50,000
INDIANA UNIVERSITY FOUNDATION PO BOX 500 BLOOMINGTON,IN47402		PC	TO SUPPORT VARIOUS EDUCATIONAL PROGRAMS AND THE RENOVATION OF A LEARNING STUDIO IN ORDER TO ENHANCE THE LEARNING EXPERIENCE OF STUDENTS.	1,592,188
SARASOTA MEMORIAL HEALTHCARE FOUNDATION 1515 S OSPREY AVE SUITE B4 SARASOTA,FL34239		PC	TO SUPPORT THE CONSTRUCTION OF THE SMH CANCER INSTITUTE	85,000
THE V FOUNDATION FOR CANCER RESEARCH 14600 WESTON PARKWAY CARY,NC27513		PC	TO SUPPORT GAME-CHANGING RESEARCH & ALL-STAR SCIENTISTS TO ACCELERATE VICTORY OVER CANCER	100,000
WESTCOAST BLACK THEATRE 1012 NORTH ORANGE AVE SARASOTA,FL34236		PC	TO SUPPORT AFRICAN AMERICAN THEATRE AND SHOWCASE ASPIRING ARTISTS	50,000
VISIBLE MEN ACADEMY 921 63RD AVE EAST BRADENTON,FL34203		PC	TO SUPPORT EDUCATION, ACADEMIC PROGRAMS, FACULTY, AND CAMPUS ACTIVITIES	100,000
SECOND HEART HOMES INC PO BOX 3880 SARASOTA,FL34230		PC	TO SUPPORT THE MISSION TO SERVE HOMELESS INDIVIDUALS COMING OFF THE STREETS	10,000
SARASOTA BAY WATCH PO BOX 1141 OSPREY,FL34229		PC	TO SUPPORT RESTORING COASTAL ECOSYSTEMS THROUGH CITIZEN PARTICIPATION	10,000
PMC PAN MASS CHALLENGE 77 4TH AVENUE NEEDHAM,MA02494		PC	TO SUPPORT A MA BASED BIKE-A-THON THAT RAISES FUNDS FOR THE DANA-FARBER CANCER INSTITUTE	15,000
CHILD PROTECTION CENTER 720 S ORANGE AVENUE SARASOTA,FL34236		PC	TO SUPPORT THE NECESSARY SERVICES TO VULNERABLE CHILDREN IN THE COMMUNITY	20,000
Total ................................. 3a				2,032,188

bApproved for future payment

Total ................................. 3b				0

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 ...........
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	35,160
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) ..		0		945,818	0

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

945,818

(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:

TY 2021 AccountingFeesSchedule

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	26,769	13,385		13,385

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMAZON .COM INC	66,653	66,653
AT&T INC	65,923	65,923
CITIGROUP INC	69,322	69,322
COMCAST CORP	67,893	67,893
CVS HEALTH CORP	68,383	68,383
ENTERPRISE PRODUCTS OPER	40,416	40,416
GOLDMAN SACHS GROUP INC	109,669	109,669
JPMORGAN CHASE & CO	89,762	89,762
MORGAN STANLEY	45,509	45,509
SHELL INTERNATIONAL FIN	70,395	70,395
VERIZON COMMUNICATIONS	68,888	68,888
WELLS FARGO & COMPANY	68,406	68,406

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AIR PRODUCTS & CHEM	56,032	56,032
ALPHABET INC SHS CL A	69,736	69,736
AMAZON COM INC	50,237	50,237
AMERISOURCEBERGEN CORP	53,055	53,055
AMN ELEC POWER CO	67,734	67,734
ARCHER DANIELS MINLD	53,466	53,466
AVALONBAY CMMUN INC	53,419	53,419
CARMAX INC	58,540	58,540
CHARTER COMMUNICATIONS	55,755	55,755
CME GROUP INC	55,883	55,883
CISCO SYSTEMS INC COM	55,432	55,432
CORTEVE INC	57,009	57,009
DIGITAL RLTY TR INC	55,827	55,827
DOMINOS PIZZA INC	63,912	63,912
ELECTRONIC ARTS INC	50,728	50,728
FLEETCOR TECHNOLOGIES	50,847	50,847
FMC CORP	50,402	50,402
HALLIBURTON COMPANY	46,977	46,977
HARTFORD FINL SVCS GROUP	58,298	58,298
HUNTINGTON INGALLS INDS	57,722	57,722
JUNIPER NETWORKS INC	52,383	52,383
LOCKHEED MARTIN CORP	61,484	61,484
MARRIOTT INTL INC	46,651	46,651
MICROCHIP TECHNOLOGY INC	48,555	48,555
MONSTER BEVERAGE	48,482	48,482
NASDAQ OMX GRP INC	58,118	58,118
NETFLIX COM INC	51,062	51,062
PROGRESSIVE CRP OHIO	63,948	63,948
RESMED INC	61,421	61,421
SCHWAB CHARLES CORP	53,261	53,261
SOLAREDGE TECHNOLOGIES	59,389	59,389
SOUTHERN COMPANY	47,492	47,492
T-MOBILE US INC SHS	62,965	62,965
UDR INC	55,616	55,616
UNITED RENTALS INC	47,367	47,367
UNITEDHEALTH GROUP INC	60,095	60,095
VIATRIS INC	51,135	51,135
WESTROCK CO	48,206	48,206
A P MOELLER-MAERSK	16,783	16,783
ABB LTD	16,412	16,412
AIRBUS SE	8,259	8,259
AJINOMOTO CO LTD	21,326	21,326
ANDRITZ AG	9,001	9,001
ASHTEAD GROUP PLC	7,044	7,044
ASML HLDG	29,505	29,505
AXA-SPONS	12,352	12,352
BANCO BILBAO VIZCAYA	11,146	11,146
BANK HAPOALIM BM	11,769	11,769
BANK OF MONTEAL	8,078	8,078
BARCLAYS PLC ADR	23,621	23,621
BHP GROUP LTD	34,551	34,551
CAPGEMINI SE	28,779	28,779
CHECK POINT SOFTWRE TECH	12,543	12,543
CIE GENERALE DES	8,943	8,943
CNH INDUSTRIAL	22,844	22,844
COCA-COLA HBC AG	6,689	6,689
COMPAGNIE DE SAINT-UNSP	15,356	15,356
COVESTRO AG	12,988	12,988
CSL LTD SHS ADR	23,276	23,276
DAI-ICHI LIFE INS	19,548	19,548
DASSAULT SYS SA	14,404	14,404
DBS GROUP HLDGS SPN ADR	25,043	25,043
DIAGEO PLC SPSD ADR NEW	28,207	28,207
DAIWA HOUSE IND LTD ADR	22,458	22,458
DEUTSCHE POST AG SHS	26,736	26,736
DAITO TR CONSTRUCTION CO	16,308	16,308
E.ON SE	16,031	16,031
ENGIE SHS	13,236	13,236
ENTAIN PLC	9,423	9,423
EQUINOR ASA	19,048	19,048
ERICSSON AMERICAN	7,415	7,415
ERSTE GROUP BK	9,185	9,185
FUJI ELEC HOLDINGS	14,308	14,308
GENMAB A/S SHS	15,433	15,433
GETINGE AB	12,246	12,246
GILDAN ACTIVEWEAR INC	17,527	17,527
GSK PLC	35,042	35,042
HOYA CORP ADR	26,345	26,345
HONDA MOTOR ADR NEW	10,578	10,578
HSBC HLDG PLC	10,814	10,814
ICON PLC	15,169	15,169
INTERCONTINENTAL HOTELS	23,836	23,836
IPSEN SHS	10,966	10,966
JBS SA	7,962	7,962
JERONIMO MARTINS SGPS	12,806	12,806
KB FINL GROUP INC	23,957	23,957
KDDI CORP SHS	18,757	18,757
KESCO CORP	10,886	10,886
KINGFISHER PLC	7,705	7,705
KONINKLIJKE AHOLD	19,997	19,997
L OREAL CO ADR	34,939	34,939
LEGRAND SA	7,997	7,997
LVMH MOET HENNESSY	9,533	9,533
MARUBENI CORP	10,760	10,760
MERCEDES-BENZ GROUP AG	28,680	28,680
MITSUI CO	20,652	20,652
MURATA MANUFACTURING CO	24,725	24,725
NATWEST GROUP PLC	16,034	16,034
NICE LTD	10,970	10,970
NINTENDO LTD ADR	25,242	25,242
NIPPON TELG & TEL	21,146	21,146
NITTO DENKO CORP	27,251	27,251
NN GROUP NV	27,816	27,816
NOKIA CORP	16,462	16,462
NORSK HYDRO AS	11,056	11,056
NOVARTIS ADR	20,541	20,541
NOVO NORDISK A S	32,092	32,092
NEXT GROUP PLC-UNSPON	11,822	11,822
NESTLE S A REP RG SH ADR	27,584	27,584
OPEN TEXT CORP COM	8,628	8,628
OMV AG ADR	9,678	9,678
ORIX CORPORATION SP ADR	36,862	36,862
PANDORA A/S	15,535	15,535
PLAYTIKA HLDG CORP	4,422	4,422
RIO TINTO PLC SPNSRD ADR	33,062	33,062
ROYAL DUTCH SHELL PLC	36,080	36,080
RED ELECTRICA CORP UNSPN	16,468	16,468
RENESAS ELECTRONICS CORP	11,889	11,889
REPSOL YPF S A	12,143	12,143
ROCHE HLDG LTD SPN ADR	39,958	39,958
SCHNEIDER ELEC SE	14,060	14,060
SANOFI ADR	24,815	24,815
SHIN-ETSU CHEM-UNSPON	14,737	14,737
SOFTBANK CORP	18,382	18,382
SONIC HEALTHCARE LTD	14,849	14,849
STELLANTIS NV	9,567	9,567
WH GROUP LTD SHS ADR	19,279	19,279
3I GROUP PLC SHS	32,524	32,524
THALES SA	11,192	11,192
TOKYO ELECTRON LTD SHS	7,988	7,988
TOTALENERGIES SE	10,423	10,423
UNILEVER PLC NEW ADR	23,190	23,190
UNTD OVERSEAS BK SPN ADR	8,383	8,383
VAT GROUP	10,060	10,060
VINCI SA	11,406	11,406
VOLVO AB-A SHS	19,517	19,517
ZOZO,INC. SHS ADR	8,138	8,138
WOLTERS KLUWR NV SPN ADR	48,665	48,665
WOODSIDE ENERGY GROUP	4,183	4,183
WOORI FINL GROUP INC	13,999	13,999
YAMAHA MOTOR CO LTD	6,669	6,669
ZURICH INSURANCE GROUP	28,220	28,220
AGILON HEALTH INC	38,421	38,421
ALNYLAM PHARMACEUTICALS	2,625	2,625
BLOCK INC	10,079	10,079
COUPANG INC	2,945	2,945
DATADOG INC REG SHS CL A	17,429	17,429
DOXIMITY INC	20,474	20,474
ISHARES RUSSELL 1000	924,664	924,664
MONGODB INC CL A	4,930	4,930
ROBLOX CORP	3,089	3,089
RTY PHARMA PLC	35,272	35,272
WAYFAIR INC	1,176	1,176
UBER TECHNOLOGIES INC	58,065	58,065
VEEVA SYS INC CL A	9,902	9,902
ZOOM VIDEO	23,753	23,753
ROPER TECHNOLOGIES INC	40,273,638	40,273,638

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

US Government Securities - End of Year Book Value:

1,453,176

US Government Securities - End of Year Fair Market Value:

1,453,176

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

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

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
WESTERN ASSET SMASH	FMV	1,101,056	1,101,056
WESTERN ASSET SMASH	FMV	412,114	412,114
WESTERN ASSET SMASH	FMV	540,804	540,804
VANGUARD SMALL CAP VALUE	FMV	996,303	996,303
VANGUARD SMALL CAP	FMV	734,922	734,922
VANGUARD GROWTH ETF	FMV	2,957,305	2,957,305
VANGUARD REAL ESTATE ETF	FMV	1,083,207	1,083,207
ISHARES GOLD TR	FMV	826,699	826,699
VANGUARD FTSE EMERGING	FMV	1,453,044	1,453,044
VANGUARD FTSE ALL WORLD	FMV	888,339	888,339
VANGUARD FTSE DEVELOPED	FMV	891,888	891,888
VANGUARD RUSSELL 1000 ET	FMV	4,466,294	4,466,294
VANGUARD MALVERN FDS	FMV	639,631	639,631
BLACKSTONE ALTERNATIVES	FMV	562,253	562,253
SLP VI TECHNOLOGY	FMV	503,762	503,762
BLACKROCK LIQUIDITY	FMV	698	698

- TIN:

TY 2021 LegalFeesSchedule

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	363	182		181

- TIN:

TY 2021 OtherAssetsSchedule

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
INTEREST RECEIVABLE	14,660	12,973	12,973
PREPAID EXCISE TAXES		33,135	33,135

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

Description	Amount
UNREALIZED GAIN (LOSS)	14,107,113

- TIN:

TY 2021 OtherExpensesSchedule

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OFFICE EXPENSES	629	315	314
ADR FEES	3,514	3,514	0
REGISTERED AGENT FEES	123	0	123
MEMBERSHIP FEES & DUES	1,500	0	1,500
OUTSIDE LABOR	9,960	4,980	4,980

- TIN:

TY 2021 OtherLiabilitiesSchedule

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

Description	Beginning of Year - Book Value	End of Year - Book Value
ACCRUED EXPENSES	27,000	27,000
DUE TO DIRECTOR	1,520	1,520
ACCRUED EXCISE TAXES	22,627	0

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	136,939	136,939		0

- TIN:

TY 2021 TaxesSchedule

Name:

BRIAN AND SHEILA JELLISON FAMILY

FOUNDATION

EIN:

83-2115946

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAXES	10,450	0		0
FOREIGN TAXES	19,267	19,267		0