Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THEODORE R AND VIVIAN M
JOHNSON SCHOLARSHIP FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)ONE N CLEMATIS STREET 307
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST PALM BEACH, FL33401
A Employer identification number

31-1613890
B Telephone number (see instructions)

(561) 659-2005
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$289,871,528J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,744    
4 Dividends and interest from securities... 4,802,297 4,802,297  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 22,429,687
b Gross sales price for all assets on line 6a 22,429,687
7 Capital gain net income (from Part IV, line 2)... 22,429,687
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,445,284 1,444,801  
12 Total. Add lines 1 through 11........ 28,679,012 28,676,785  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 847,368 114,554   732,814
14 Other employee salaries and wages...... 196,839 56,515   140,324
15 Pension plans, employee benefits....... 341,112 68,221   272,891
16a Legal fees (attach schedule)......... Click to see attachment 43,862 0   43,862
b Accounting fees (attach schedule)....... Click to see attachment 54,114 2,706   51,408
c Other professional fees (attach schedule).... Click to see attachment 429,497 256,148   173,349
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 155,724 155,724   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 115,630 0   115,630
21 Travel, conferences, and meetings....... 235,959 58,991   176,968
22 Printing and publications.......... 12,786 0   12,786
23 Other expenses (attach schedule)....... Click to see attachment 2,800,018 2,746,620   53,398
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,232,909 3,459,479   1,773,430
25 Contributions, gifts, grants paid....... 9,026,214 9,026,214
26 Total expenses and disbursements. Add lines 24 and 25 14,259,123 3,459,479   10,799,644
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 14,419,889
b Net investment income (if negative, enter -0-) 25,217,306
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,216,125 3,152,146 3,152,146
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 195,625,552 Click to see attachment209,109,420 286,719,382
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 197,841,677 212,261,566 289,871,528
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............ 197,841,677 212,261,566
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 197,841,677 212,261,566
30 Total liabilities and net assets/fund balances (see instructions). 197,841,677 212,261,566
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
197,841,677
2
Enter amount from Part I, line 27a .....................
2
14,419,889
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
212,261,566
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
212,261,566
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a S/T CAPITAL GAINS FROM PASS-THRU K-1S P   2021-12-31
b L/T CAPITAL GAINS FROM PASS-THRU K-1S P   2021-12-31
c SECTION 1231 FROM PASS-THRU K-1S P   2021-12-31
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,055,840     4,055,840
b 18,369,851     18,369,851
c 3,996     3,996
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       4,055,840
b       18,369,851
c       3,996
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 22,429,687
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 350,521
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- ..... 5 350,521
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 352,898
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.............. 7 352,898
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,377
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,377 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL, IL, MN, NC, NY, UT, VA, WV
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.JSF.BZ
    14
    The books are in care ofbulletMR RICHARD A KRAUSE Telephone no.bullet (561) 659-2005

    Located atbulletONE N CLEMATIS STREET SUITE 307WEST PALM BEACHFL ZIP+4bullet33401
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    RICHARD KRAUSE CFO
    40.00     		237,637 28,516 0
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    R MALCOLM MACLEOD BOARD CHAIR/DIRECTOR
    40.00     		93,285 142,854 0
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    HUGH BROWN SECRETARY/CONSULTANT/DIRECTOR
    4.00     		50,448 0 0
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    SHERRY SALWAY BLACK BOARD VICE CHAIR/DIRECTOR
    4.00     		50,448 0 0
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    DAVID BLAIKIE CONSULTANT/DIRECTOR
    4.00     		50,448 0 0
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    ROBERT KRAUSE CEO/DIRECTOR
    40.00     		305,102 38,919 0
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    BEA AWONIYI TREASURER/DIRECTOR
    2.00     		20,000 0 0
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    MIKE J MILLER DIRECTOR
    2.00     		20,000 0 0
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    BILL J CORWIN DIRECTOR
    2.00     		20,000 0 0
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    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
    SHARON WOOD PROGRAM OFFICER & OF
    40.00     		109,093 13,091 0
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    LADY HEREFORD PROGRAM SPECIALIST
    40.00     		87,746 10,530 0
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    DIAMETER OFFSHORE FUND LP INVESTMENT ADVISORY 301,593
    24 W 40TH STREET 5TH FLOOR
    NEW YORK,NY10018
    PRIME BUCHHOLZ LLC INVESTMENT ADVISORY 256,148
    273 CORPORATE DRIVE SUITE 250
    PORTSMOUTH,NH03801
    DAVIDSON KEMPNER CAPITAL MANAGEMENT INVESTMENT ADVISORY 255,159
    520 MADISON AVE
    NEW YORK,NY10022
    ADAGE CAPITAL PARTNERS INVESTMENT ADVISORY 221,131
    200 CLARENDON ST 52ND FLOOR
    BOSTON,MA02116
    SILCHESTER INTERNATIONAL VALUE EQUITY INVESTMENT ADVISORY 209,156
    780 THIRD AVENUE 42ND FLOOR
    NEW YORK,NY10017
    Total number of others receiving over $50,000 for professional services.............bullet5
    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.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    271,654,184
    b
    Average of monthly cash balances.......................
    1b
    4,041,213
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    275,695,397
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    275,695,397
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    4,135,431
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    271,559,966
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    13,577,998
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    13,577,998
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    350,521
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    350,521
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    13,227,477
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    13,227,477
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    13,227,477
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 13,227,477
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 10,695,377
    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......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 10,799,644
    a Applied to 2020, but not more than line 2a 10,695,377
    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..... 104,267
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 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 ..........     		13,123,210
    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)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MS SHARON WOOD
    ONE N CLEMATIS STREET SUITE 307
    WEST PALM BEACH,FL33401
    (561) 659-2005
    WOOD@JSF.BZ
    bThe form in which applications should be submitted and information and materials they should include:
    TYPEWRITTEN LETTERS DETAILING THE EDUCATIONAL PURPOSE THE FUNDS WILL BE USED IN, THE ULTIMATE BENEFICIARIES OF THE FUNDS, ETC.
    cAny submission deadlines:
    VARIES BY GRANTEE.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FUNDS WILL BE PROVIDED TO INSTITUTIONS FOR EDUCATIONAL-RELATED PURPOSES.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A G BELL FOUNDATION
    3417 VOLTA PLACE NW
    WASHINGTON,DC20007     		NONE   EDUCATIONAL GRANT 50,000
    AANIIIH NAKODA COLLEGE (FORT BELKNAP)
    PO BOX 159
    HARLEM,MT59526     		NONE   EDUCATIONAL GRANT 50,000
    ALASKA PACIFIC UNIVERSITY
    4101 UNIVERSITY DRIVE
    ANCHORAGE,AK99508     		NONE   EDUCATIONAL GRANT 50,000
    AMERICAN INDIAN COLLEGE FUND
    8333 GREENWOOD BLVD
    DENVER,CO80221     		NONE   EDUCATIONAL GRANT 1,000
    AMERICAN INDIAN GRADUATE CENTER
    3701 SAN MATEO NE 200
    ALBUQUERQUE,NM87110     		NONE   EDUCATIONAL GRANT 201,000
    AMERICAN INDIAN SCIENCE & ENG SOCIETY
    4263 MONTGOMERY BLVD NE 200
    ALBUQUERQUE,NM87109     		NONE   EDUCATIONAL GRANT 101,000
    AMERICAN INDIGENOUS BUSINESS LEADERS FKA AMERICAN INDIAN BUSINESS LEADERS
    GALLAGHER BUSINESS BUILDING SUITE
    250
    MISSOULA,MT59801     		NONE   EDUCATIONAL GRANT 107,500
    ASSOCIATION ON HIGHER EDUCATION AND DISABILITY
    8015 WEST KENTON CIRCLE SUITE 230
    HUNTERSVILLE,NC28078     		NONE   EDUCATIONAL GRANT 250
    BRIDGES FROM SCHOOL TO WORK
    10400 FERNWOOD ROAD
    BETHESDA,MD20817     		NONE   EDUCATIONAL GRANT 152,000
    CAPE BRETON UNIVERSITY
    1250 GRAND LAKE ROAD
    SYDNEY,NOVA SCOTIA  
    CA     		NONE   EDUCATIONAL GRANT 78,789
    CAPE FUND LP
    759 SQUARE-VICTORIA
    MONTREAL,QUEBEC  
    CA     		NONE   MISSION RELATED GRANT 2,423
    CENTER FOR EFFECTIVE PHILANTHROPHY
    675 MASSACHUSETTS AVE
    CAMBRIDGE,MA02139     		NONE   EDUCATIONAL GRANT 5,000
    CHRISTIE COMMUNITY FOUNDATION
    RR 2 AMHERST
      NOVA SCOTIAB4H 4EI
    CA     		NONE   EDUCATIONAL GRANT 15,000
    CLARKE SCHOOL FOR HEARING AND SPEECH
    45 ROUND HILL ROAD
    NORTHAMPTON,MA01060     		NONE   EDUCATIONAL GRANT 200,000
    COLLEGE FOR KIDS
    1896 PALM BEACH LAKES BLVD SUITE
    103
    WEST PALM BEACH,FL33409     		NONE   EDUCATIONAL GRANT 150,000
    DINE COLLEGE
    1 CIRCLE DR ROUTE 12
    TSAILE,AZ86556     		NONE   EDUCATIONAL GRANT 85,000
    EAST STROUDSBERG UNIVERSITY FOUNDATION
    200 PROSPECT STREET
    EAST STROUDSBURG,PA18301     		NONE   EDUCATIONAL GRANT 250
    ELEVATION SCHOLARS
    201 E PINE ST SUITE 200
    ORLANDO,FL32801     		NONE   EDUCATIONAL GRANT 50,000
    EMPOWHER OF THE PALM BEACHES
    PO BOX 2717
    WEST PALM BEACH,FL33401     		NONE   EDUCATIONAL GRANT 200
    EXPONENT PHILANTHROPHY
    1720 N STREET NW
    WASHINGTON,DC20036     		NONE   GRANT ALLOWABLE PORTION OF MEMBERSHIP IN PROFESSIONAL ORGANIZATIONS 500
    EYE TO EYE
    30 TOMPKINS PLACE
    BROOKLYN,NY11231     		NONE   EDUCATIONAL GRANT 50,000
    FIRST PEOPLES FUND
    PO BOX 2977
    RAPID CITY,SD57709     		NONE   EDUCATIONAL GRANT 17,000
    FLAGLER COLLEGE
    74 KING ST
    ST AUGUSTINE,FL32084     		NONE   EDUCATIONAL GRANT 250
    FLORIDA AGRICULTURAL & MECHANICAL UNIVERSITY FOUNDATION
    625 E TENNESSEE ST SUITE 100
    TALLAHASSEE,FL32308     		NONE   EDUCATIONAL GRANT 15,350
    FLORIDA ATLANTIC UNIVERSITY FOUNDATION
    777 GLADES RD
    BOCA RATON,FL33431     		NONE   EDUCATIONAL GRANT 261,800
    FLORIDA BAPTIST CHILDREN'S HOME
    1015 SIKES BLVD
    LAKELAND,FL33815     		NONE   EDUCATIONAL GRANT 15,000
    FLORIDA GULF COAST UNIVERSITY
    10501 FGCU BLVD S
    FORT MYERS,FL33965     		NONE   EDUCATIONAL GRANT 59,725
    FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION
    UNIVERSITY PARK MARC 531
    MIAMI,FL33199     		NONE   EDUCATIONAL GRANT 33,475
    FLORIDA PHILANTHROPIC NETWORK
    1211 N WESTSHORE BLVD 314
    TAMPA,FL33607     		NONE   GRANT ALLOWABLE PORTION OF MEMBERSHIP IN PROFESSIONAL ORGANIZATIONS 18,000
    FLORIDA POLYTECHNIC UNIVERSITY
    4700 RESEARCH WAY
    LAKELAND,FL33805     		NONE   EDUCATIONAL GRANT 6,200
    FLORIDA SCHOOL FOR THE DEAF AND THE BLIND
    207 N SAN MARCO AVENUE
    ST AUGUSTINE,FL32084     		NONE   EDUCATIONAL GRANT 580,000
    FLORIDA STATE UNIVERSITY FOUNDATION
    313 WESTCOTT BUILDING
    TALLAHASSEE,FL32306     		NONE   EDUCATIONAL GRANT 11,400
    FLORIDA STATE UNIVERSITY SYSTEMDISABLED
    600 W COLLEGE AVE
    TALLAHASSEE,FL32306     		NONE   EDUCATIONAL GRANT 545,000
    FORT LEWIS COLLEGE
    KROEGER HALL 1000 RIM DR
    DURANGO,CO81301     		NONE   EDUCATIONAL GRANT 114,711
    GALLAUDET UNIVERSITY
    800 FLORIDA AVENUE
    NEW WASHINGTON,DC20002     		NONE   EDUCATIONAL GRANT 580,000
    GONZAGA UNIVERSITY
    502 EAST BOONE AVENUE
    SPOKANE,WA99258     		NONE   EDUCATIONAL GRANT 200,000
    GRANTMAKERS FOR EDUCATION
    720 SW WASHINGTON ST SUITE 605
    PORTLAND,OR97205     		NONE   GRANT ALLOWABLE PORTION OF MEMBERSHIP IN PROFESSIONAL ORGANIZATIONS 2,200
    GROVES ACADEMY
    3200 MN-100
    ST LOUIS PARK,MN55416     		NONE   EDUCATIONAL GRANT 75,000
    HARDEE COUNTY EDUCATION FOUNDATION
    PO BOX 1678
    WAUCHULA,FL33873     		NONE   EDUCATIONAL GRANT 5,000
    HOPI FOUNDATION
    110 MAIN ST
    KYKOTSMOVI VILLAGE,AZ86039     		NONE   EDUCATIONAL GRANT 250
    INSTITUTE OF AMERICAN INDIAN ARTS
    83 AVAN NUPO ROAD
    SANTA FE,NM87508     		NONE   EDUCATIONAL GRANT 24,649
    LAC COURTE OREILLES OJIBWA C
    13466 W TREPANIA RD
    HAYWARD,WI54843     		NONE   EDUCATIONAL GRANT 65,000
    LANDMARK COLLEGE
    19 RIVER RD S
    PUTNEY,VT05346     		    EDUCATIONAL GRANT 200,000
    LANDMARK EAST SCHOOL
    708 MAIN STREET
    WOLFVILLE,NOVA SCOTIA  
    CA     		NONE   EDUCATIONAL GRANT 50,000
    MARICOPA COUNTY COMMUNITY COLLEGE FOUNDATION
    2419 WEST 14TH STREET
    TEMPE,AZ85281     		    EDUCATIONAL GRANT 69,500
    MINNESOTA DIVERSIFIED INDUSTRIES
    3501 BROADWAY ST 100
    MINNEAPOLIS,MN55413     		NONE   EDUCATIONAL GRANT 30,000
    MOUNT ALLISON UNIVERSITY
    62 YORK ST
    SACKVILLE,NEW BRUNSWICK  
    CA     		NONE   EDUCATIONAL GRANT 19,866
    MOUNT SAINT VINCENT UNIVERSITY
    166 BEDFORD HIGHWAY
    HALIFAX,NOVA SCOTIA  
    CA     		NONE   EDUCATIONAL GRANT 7,500
    NATIONAL INDIAN CHILD WELFARE ASSOCIATION
    5100 SW MACADAM AVE 300
    PORTLAND,OR97239     		NONE   EDUCATIONAL GRANT 1,250
    NATIVITY BOSTON
    39 LAMARTINE ST
    BOSTON,MA02130     		NONE   EDUCATIONAL GRANT 50,000
    NEBRASKA INDIAN COLLEGE
    1111 US 75
    MACY,NE68039     		NONE   EDUCATIONAL GRANT 7,500
    NEW COLLEGE FOUNDATION
    5800 BAY SHORE RD
    SARASOTA,FL34243     		NONE   EDUCATIONAL GRANT 1,475
    NORTHERN ARIZONA UNIVERSITY FOUNDATION
    PO BOX 4094 BLDG 10
    FLAGSTAFF,AZ86011     		NONE   EDUCATIONAL GRANT 57,704
    NORTHWEST INDIAN COLLEGE
    2522 KWINA RD
    BELLINGHAM,WA98226     		NONE   EDUCATIONAL GRANT 300,000
    NOVA SCOTIA COMMUNITY COLLEGE FOUNDATION
    5685 LEEDS STREET PO BOX 1153
    HALIFAX,NOVA SCOTIA  
    CA     		NONE   EDUCATIONAL GRANT 15,000
    OAKVILLE COMMUNITY FOUNDATION
    410 NORTH SERVICE RD E 200
    OAKVILLE,ONTARIO  
    CA     		NONE   EDUCATIONAL GRANT 22,500
    OGLALA LAKOTA COLLEGE
    490 PIYA WICONI RD
    KYLE,SD57752     		    EDUCATIONAL GRANT 300,000
    PADEN CITY FOUNDATION
    PO BOX 233
    PADEN CITY,WV26159     		NONE   EDUCATIONAL GRANT 2,000
    PALM BEACH ATLANTIC UNIVERSITY
    1301 S OLIVE AVENUE
    WEST PALM BEACH,FL33401     		NONE   EDUCATIONAL GRANT 960,000
    PATHWAYS TO EDUCATION CANADA
    439 UNIVERSITY AVE 1600
    TORONTO,ONTARIO  
    CA     		    EDUCATIONAL GRANT 300,000
    PEACEFUL PATHS DOMESTIC ABUSE NETWORK
    2100 NW 53RD AVE
    GAINESVILLE,FL32653     		    EDUCATIONAL GRANT 250
    PROSPERITY NOW
    1200 G STREET NW SUITE 400
    WASHINGTON,DC20005     		NONE   EDUCATIONAL GRANT 1,000
    PROVIDENCE ST MEL SCHOOL
    119 S CENTRAL PARK AVE
    CHICAGO,IL60624     		NONE   EDUCATIONAL GRANT 100,000
    RYERSON UNIVERSITY
    350 VICTORIA ST
    TORONTO,ONTARIO  
    CA     		NONE   EDUCATIONAL GRANT 78,999
    SANTA FE COLLEGE FOUNDATION
    3000 NW 83 STREET
    GAINESVILLE,FL32606     		NONE   EDUCATIONAL GRANT 10,000
    SCHOLARSHIP AMERICA-UPS
    4960 VIKING DRIVE SUITE 110
    EDINA,MN55435     		NONE   EDUCATIONAL GRANT 1,285,000
    SCOPE HAS A DREAM
    PO BOX 5450
    ASTORIA,NY11105     		    EDUCATIONAL GRANT 7,500
    SONOMA STATE UNIVERSITY
    1801 E COTATI AVE
    ROHNERT PARK,CA94928     		NONE   EDUCATIONAL GRANT 100,000
    SOUTHWESTERN INDIAN POLYTECHNIC INSTITUTE
    9169 COORS BLVD NW
    ALBUQUERQUE,NM87120     		    EDUCATIONAL GRANT 35,000
    THE ACADEMY AT CHARLEMONT
    1359 MA-2
    CHARLEMONT,MA01339     		NONE   EDUCATIONAL GRANT 22,500
    THE EDUCATION FOUNDATION OF ALACHUA COUNTY INC
    2802 NE 8TH AVENUE
    GAINESVILLE,FL32641     		NONE   EDUCATIONAL GRANT 2,500
    THE HOPI TRIBE EDUCATION ENDOWMENT FUND
    PO BOX 605
    KYKOTSMOVI,AZ86039     		    EDUCATIONAL GRANT 1,000
    THE KING'S ACADEMY
    8401 BELVEDERE ROAD
    WEST PALM BEACH,FL33411     		NONE   EDUCATIONAL GRANT 2,500
    THE SCHOOL DISTRICT OF PALM BEACH COUNTY
    3300 FOREST HILL BOULEVARD
    WEST PALM BEACH,FL33406     		NONE   EDUCATIONAL GRANT 110,350
    THUNDER BAY COMMUNITY FOUNDATION
    101 SYNDICATE AVE N 312
    THUNDER BAY,ONTARIO  
    CA     		NONE   EDUCATIONAL GRANT 15,000
    TRANSITIONAL LIVING
    222 SOUTHWEST TERRACE
    GAINESVILLE,FL32607     		NONE   EDUCATIONAL GRANT 750
    UNITED WAY OF PALM BEACH COUNTY
    477 S ROSEMARY AVE 230
    WEST PALM BEACH,FL33401     		NONE   EDUCATIONAL GRANT 50,000
    UNIVERSITY OF ALASKA ANCHORAGE
    3211 PROVIDENCE DR
    ANCHORAGE,AK99508     		    EDUCATIONAL GRANT 150,000
    UNIVERSITY OF CENTRAL FLORIDA FOUNDATION-DISABLED
    12424 RESEARCH PARKWAY SUITE 250
    ORLANDO,FL32826     		NONE   EDUCATIONAL GRANT 20,650
    UNIVERSITY OF COLORADO FOUNDATION
    1800 GRANT STREET
    DENVER,CO80203     		NONE   EDUCATIONAL GRANT 2,000
    UNIVERSITY OF FLORIDA FOUNDATION-DISABLED
    PO BOX 14425
    GAINESVILLE,FL32603     		NONE   EDUCATIONAL GRANT 16,950
    UNIVERSITY OF FLORIDA FOUNDATION-DISADVANTAGED
    PO BOX 14425
    GAINESVILLE,FL32603     		    EDUCATIONAL GRANT 400,000
    UNIVERSITY OF NEW BRUNSWICK
    PO BOX 4400
    FREDERICTON,NEW BRUNSWICK  
    CA     		    EDUCATIONAL GRANT 107,573
    UNIVERSITY OF NORTH FLORIDA FOUNDATION
    1 UNF DRIVE BLDG 58 E SUITE 2309
    JACKSONVILLE,FL32216     		NONE   EDUCATIONAL GRANT 13,225
    UNIVERSITY OF SOUTH FLORIDA FOUNDATION-DISABLED
    4202 E FOWLER AVE
    TAMPA,FL33620     		NONE   EDUCATIONAL GRANT 10,850
    UNIVERSITY OF WEST FLORIDA
    11000 UNIVERSITY PARKWAY
    PENSACOLA,FL32514     		NONE   EDUCATIONAL GRANT 8,400
    WEINGARTEN CHILDREN'S CENTER
    3518 JEFFERSON AVE
    REDWOOD CITY,CA94062     		    EDUCATIONAL GRANT 100,000
    Total .................................bullet 3a 9,026,214
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,744  
    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 22,429,687  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aNET TAX REFUNDS     		        483
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 28,678,529 483
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    28,679,012
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    8 NOT APPLICABLE
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TEMPLETON & COMPANY, LLP 54,114 2,706   51,408

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    CAPE BRETON UNIVERSITY
          		1250 GRAND LAKE ROAD
    SYDNEY,NOVA SCOTIA  
    CA     		2020-10-19 78,789 EDUCATIONAL GRANT   NO IN PROCESS - DUE NOV. 15, 2022    
    CAPE FUND LP
          		759 SQUARE
    VICTORIA,QUEBEC  
    CA     		2016-10-13 2,423 MISSION-RELATED GRANT   NO IN PROCESS    
    LANDMARK EAST SCHOOL
          		708 MAIN STREET
    WOLFVILLE,NOVA SCOTIA  
    CA     		2020-01-08 50,000 EDUCATIONAL GRANT 50,000 NO IN PROCESS    
    MOUNT ALLISON UNIVERSITY
          		62 YORK ST
    SACKVILLE,NEW BRUNSWICK  
    CA     		2018-10-08 19,866 EDUCATIONAL GRANT 19,866 NO DECEMBER 16, 2020    
    MOUNT SAINT VINCENT UNIVERSITY
          		166 BEDFORD HIGHWAY
    HALIFAX,NOVA SCOTIA  
    CA     		2021-03-26 7,500 EDUCATIONAL GRANT   NO NONE REQUIRED    
    NOVA SCOTIA COMMUNITY COLLEGE FOUNDATION
          		5685 LEEDS STREET PO BOX 1153
    HALIFAX,NOVA SCOTIA  
    CA     		2021-03-31 15,000 EDUCATIONAL GRANT   NO NONE REQUIRED BY TERMS OF AGREEMENT    
    OAKVILLE COMMUNITY FOUNDATION
          		410 NORTH SERVICE RD E 200
    OAKVILLE,ONTARIO  
    CA     		2021-12-06 22,500 EDUCATIONAL GRANT   NO NONE REQUIRED BY TERMS OF AGREEMENT    
    PATHWAYS TO EDUCATION CANADA
          		439 UNIVERSITY AVE 1600
    TORONTO,ONTARIO  
    CA     		2019-11-25 300,000 EDUCATIONAL GRANT 300,000 NO FEBRUARY 7, 2022    
    RYERSON UNIVERSITY
          		350 VICTORIA ST
    TORONTO,ONTARIO  
    CA     		2020-10-26 78,999 EDUCATIONAL GRANT 78,999 NO APRIL 2022    
    THUNDER BAY COMMUNITY FOUNDATION
          		101 SYNDICATE AVE N 312
    THUNDER BAY,ONTARIO  
    CA     		2021-12-06 15,000 EDUCATIONAL GRANT   NO NONE REQUIRED BY TERMS OF AGREEMENT    
    UNIVERSITY OF NEW BRUNSWICK
          		PO BOX 4400
    FREDERICTON,NEW BRUNSWICK  
    CA     		2021-04-14 107,573 EDUCATIONAL GRANT   NO IN PROCESS    
    CHRISTIE COMMUNITY FOUNDATION
          		RR 2
    AMHERST,NOVA SCOTIA  
    CA     		2021-09-20 15,000 EDUCATIONAL GRANT   NO NONE REQUIRED BY TERMS OF AGREEMENT    

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Name of Stock End of Year Book Value End of Year Fair Market Value
    UNITED STATES EQUITIES 65,329,756 84,653,134
    FOREIGN EQUITIES 53,519,844 71,680,899
    ALTERNATIVE INVESTMENT STRATEGIES 22,636,276 30,180,259
    PRIVATE EQUITY AND VENTURE CAPITAL 26,720,039 60,005,916
    INFLATION PROTECTION MANAGERS 11,413,899 12,445,573
    FIXED INCOME 29,489,606 27,753,601

    TY 2021 LegalFeesSchedule
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 43,862 0   43,862


    TY 2021 OtherExpensesSchedule
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL ASSOCIATIONS 3,455 0   3,455
    OFFICE EXPENSES 26,823 0   26,823
    INSURANCE 23,120 0   23,120
    PORTFOLIO DEDUCTIONS FROM PASS-THRU K-1S 6,802 6,802   0
    OTHER DEDUCTIONS FROM PASS-THRU K-1S 2,262,566 2,262,566   0
    INVESTMENT EXPENSE FROM PASS-THRU K-1S 258,029 258,029   0
    ROYALTY EXPENSES FROM PASS-THRU K-1S 219,223 219,223   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME FROM PASS-THRU K-1S 676,816 676,816 676,816
    OTHER INVESTMENT INCOME/(LOSS) FROM FROM PASS-THRU K-1S 827,087 827,087 827,087
    ORDINARY INCOME/(LOSS) FROM FROM PASS-THRU K-1S -59,102 -59,102 -59,102
    NET TAX REFUNDS 483   483


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 429,497 256,148   173,349


    TY 2021 TaxesSchedule
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES FROM PASS-THRU K-1S 155,724 155,724   0