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
PATHWAYS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)26055 NORTHPOINTE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FARMINGTON HILLS, MI48331
A Employer identification number

45-6643839
B Telephone number (see instructions)

(248) 476-1949
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$39,747,855J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,069,185 1,023,912  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,879,972
b Gross sales price for all assets on line 6a 9,639,604
7 Capital gain net income (from Part IV, line 2)... 1,855,221
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........ 2,949,157 2,879,133  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 77,885 0   77,885
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 27,615 13,808   13,807
c Other professional fees (attach schedule).... Click to see attachment 548 0   548
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 55,289 11,133   7,156
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 286,650 284,120   2,530
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 447,987 309,061   101,926
25 Contributions, gifts, grants paid....... 1,680,000 1,680,000
26 Total expenses and disbursements. Add lines 24 and 25 2,127,987 309,061   1,781,926
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 821,170
b Net investment income (if negative, enter -0-) 2,570,072
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............. 10 10 10
2 Savings and temporary cash investments......... 905,071 777,513 777,513
3 Accounts receivable bullet137,349
Less: allowance for doubtful accounts bullet   57,471 137,349 137,349
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)....... 7,731,654 Click to see attachment9,182,296 14,334,499
c Investments—corporate bonds (attach schedule)....... 5,371,105 Click to see attachment5,850,282 5,824,710
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,815,078 Click to see attachment15,754,438 18,673,774
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) 30,880,389 31,701,888 39,747,855
Liabilities 17 Accounts payable and accrued expenses.......... 1,362 1,691
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)......... 1,362 1,691
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 30,879,027 31,700,197
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 30,879,027 31,700,197
30 Total liabilities and net assets/fund balances (see instructions). 30,880,389 31,701,888
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
30,879,027
2
Enter amount from Part I, line 27a .....................
2
821,170
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
31,700,197
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
31,700,197
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 UBS #09811 - INVESCO QQQ TRUST ETF P 2021-05-24 2021-10-18
b UBS #09811 - ISHARES US REAL ESTATE ETF P 2021-02-19 2021-05-24
c UBS #09811 - SPDR S&P 500 ETF TR P 2021-02-19 2021-05-24
d UBS #09811 - SPDR S&P MIDCAP 400 ETF TR P 2020-08-25 2021-05-24
e UBS #09811 - CALL ISHARES MSCI EMERGI DUE 03/19/21 56.000 P 2021-03-22 2021-03-22
UBS #09811 - CALL ISHARES MSCI EMERGI DUE 04/16/21 62.000 P 2021-04-19 2021-04-19
UBS #09811 - CALL ISHARES MSCI EMERGI DUE 05/21/21 57.000 P 2021-05-24 2021-05-24
UBS #09811 - CALL ISHARES MSCI EMERGI DUE 07/16/21 57.000 P 2021-07-19 2021-07-19
UBS #09811 - CALL ISHARES MSCI EMERGI DUE 07/16/21 58.000 P 2021-07-19 2021-07-19
UBS #09811 - CALL ISHARES MSCI EMERGI DUE 08/20/21 56.000 P 2021-08-23 2021-08-23
UBS #09811 - CALL ISHARES MSCI EMERGI DUE 09/17/21 56.000 P 2021-09-20 2021-09-20
UBS #09811 - CALL ISHARES MSCI EMERGI DUE 10/15/21 53.000 P 2021-10-18 2021-10-18
UBS #09811 - CALL ISHARES MSCI EMERGI DUE 11/19/21 55.000 P 2021-11-22 2021-11-22
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 03/19/21 77.000 P 2021-03-22 2021-03-22
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 04/16/21 79.000 P 2021-04-16 2021-04-19
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 05/21/21 80.000 P 2021-05-21 2021-05-24
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 07/16/21 83.000 P 2021-07-19 2021-07-19
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 08/20/21 82.000 P 2021-08-23 2021-08-23
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 09/17/21 82.000 P 2021-09-20 2021-09-20
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 10/15/21 83.000 P 2021-10-18 2021-10-18
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 11/19/21 84.000 P 2021-11-22 2021-11-22
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 12/17/21 83.000 P 2021-12-20 2021-12-20
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 04/16/21 240.000 P 2021-04-19 2021-04-19
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 05/21/21 232.000 P 2021-05-24 2021-05-24
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 05/21/21 245.000 P 2021-05-24 2021-05-24
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 07/16/21 234.000 P 2021-07-19 2021-07-19
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 07/16/21 245.000 P 2021-07-19 2021-07-19
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 08/20/21 230.000 P 2021-08-23 2021-08-23
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 08/20/21 250.000 P 2021-08-23 2021-08-23
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 09/17/21 228.000 P 2021-09-20 2021-09-20
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 09/17/21 235.000 P 2021-09-20 2021-09-20
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 10/15/21 231.000 P 2021-10-18 2021-10-18
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 11/19/21 240.000 P 2021-11-22 2021-11-22
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 12/17/21 242.000 P 2021-12-20 2021-12-20
UBS #09811 - CALL SPDR S&P MIDCAP 400 DUE 05/21/21 510.000 P 2021-05-24 2021-05-24
UBS #09811 - CALL SPDR S&P MIDCAP 400 DUE 06/18/21 515.000 P 2021-06-21 2021-06-21
UBS #09811 - CALL SPDR S&P MIDCAP 400 DUE 09/17/21 515.000 P 2021-09-20 2021-09-20
UBS #09811 - CALL INVESCO QQQ TRUST E DUE 02/19/21 330.000 P 2021-02-19 2021-02-22
UBS #09811 - CALL INVESCO QQQ TRUST E DUE 04/16/21 355.000 P 2021-04-19 2021-04-19
UBS #09811 - CALL INVESCO QQQ TRUST E DUE 06/18/21 350.000 P 2021-06-21 2021-06-21
UBS #09811 - CALL INVESCO QQQ TRUST E DUE 08/20/21 378.000 P 2021-08-23 2021-08-23
UBS #09811 - CALL INVESCO QQQ TRUST E DUE 09/17/21 388.000 P 2021-09-20 2021-09-20
UBS #09811 - CALL INVESCO QQQ TRUST E DUE 10/15/21 385.000 P 2021-10-18 2021-10-18
UBS #09811 - CALL INVESCO QQQ TRUST E DUE 12/17/21 395.000 P 2021-12-20 2021-12-20
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 05/21/21 410.000 P 2021-05-19 2021-05-20
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 05/21/21 420.000 P 2021-05-24 2021-05-24
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 06/18/21 425.000 P 2021-06-15 2021-06-16
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 07/16/21 438.000 P 2021-07-14 2021-07-15
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 07/16/21 440.000 P 2021-07-19 2021-07-19
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 08/20/21 448.000 P 2021-08-23 2021-08-23
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 09/17/21 450.000 P 2021-09-20 2021-09-20
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 09/17/21 459.000 P 2021-09-20 2021-09-20
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 10/15/21 452.000 P 2021-10-18 2021-10-18
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 10/15/21 465.000 P 2021-10-18 2021-10-18
UBS #09811 - ISHARES MSCI EAFE ETF P 2018-06-18 2021-05-24
UBS #09811 - ISHARES RUSSELL 2000 ETF P 2016-11-21 2021-02-19
UBS #09811 - ISHARES US REAL ESTATE ETF P 2016-07-18 2021-10-18
UBS #09811 - SPDR S&P 500 ETF TR P 2018-10-18 2021-10-18
UBS #09811 - SPDR S&P MIDCAP 400 ETF TR P 2019-06-24 2021-02-19
UBS #11610 - ACCENTURE PLC IRELAND CL A FOREIGN STOCK P 2017-02-08 2021-09-21
UBS #11610 - AUTOMATIC DATA PROCESSNG INC P 2021-02-24 2021-12-07
UBS #11610 - BLACKROCK INC P 2017-01-23 2021-02-19
UBS #11610 - CHUBB LTD CHF P 2016-04-05 2021-10-19
UBS #11610 - CISCO SYS INC P 2020-02-13 2021-09-21
UBS #11610 - COMCAST CORP NEW CL A P 2018-03-05 2021-08-03
UBS #11610 - CRANE CO COMMON STOCK P 2017-02-08 2021-05-05
UBS #11610 - HOME DEPOT INC P 2017-02-08 2021-12-07
UBS #11610 - INTEL CORP COMMON STOCK P 2020-05-22 2021-10-27
UBS #11610 - JPMORGAN CHASE & CO P 2018-01-08 2021-06-10
UBS #11610 - MARSH & MCLENNAN COS INC P 2015-09-15 2021-10-18
UBS #11610 - MICROSOFT CORP P 2015-02-04 2021-11-01
UBS #11610 - NEXTERA ENERGY INC COM P 2019-07-16 2021-01-12
UBS #11610 - NOVARTIS AG SPON ADR P 2019-09-17 2021-08-03
UBS #11610 - PHILLIPS 66 P 2020-05-22 2021-06-11
UBS #11610 - PROCTER & GAMBLE CO P 2019-04-10 2021-03-26
UBS #11610 - ROCKWELL AUTOMATION INC NEW P 2015-03-10 2021-09-21
UBS #11610 - TEXAS INSTRUMENTS P 2019-06-27 2021-02-22
UBS #11610 - UNION PACIFIC CORP COMMON STOCK P 2018-10-18 2021-12-07
UBS #11610 - VF CORP COMMON STOCK P 2016-10-14 2021-12-07
UBS #25958 - MONDELEZ INTL INC P 2020-04-15 2021-02-01
UBS #25958 - UNION PACIFIC CORP COMMON STOCK P 2021-04-26 2021-12-15
UBS #25958 - ADOBE INC. (DELAWARE) P 2018-06-13 2021-08-03
UBS #25958 - ALPHABET INC CL A P 2018-05-15 2021-03-10
UBS #25958 - AMERICAN TOWER CORP REIT SBI P 2018-07-24 2021-10-01
UBS #25958 - AMERIPRISE FINANCIAL INC P 2018-07-11 2021-10-01
UBS #25958 - COMCAST CORP NEW CL A P 2020-04-02 2021-06-23
UBS #25958 - DANAHER CORP COMMON STOCK P 2018-07-24 2021-08-03
UBS #25958 - META PLATFORMS INC CL A P 2018-11-13 2021-09-30
UBS #25958 - HOME DEPOT INC P 2018-10-09 2021-10-01
UBS #25958 - HONEYWELL INTL INC P 2018-06-13 2021-04-28
UBS #25958 - LOWES COMPANIES INC P 2018-02-13 2021-12-14
UBS #25958 - MONDELEZ INTL INC P 2018-07-24 2021-01-29
UBS #25958 - O REILLY AUTOMOTIVE INC P 2018-06-13 2021-12-14
UBS #25958 - PARKER HANNIFIN CORP COMMON STOCK P 2019-01-03 2021-04-28
UBS #25958 - THERMO FISHER SCIENTIFIC INC P 2018-05-15 2021-08-04
UBS #25958 - UNITEDHEALTH GROUP INC P 2018-04-18 2021-06-22
UBS #25958 - ACCENTURE PLC IRELAND CL A FOREIGN STOCK P 2020-04-02 2021-08-26
UBS #25958 - MEDTRONIC PLC FOREIGN STOCK P 2020-04-15 2021-12-15
UBS #11509 - BLACKROCK LTD DURATION INCOME TRUST P 2020-10-06 2021-05-21
UBS #11509 - BLACKROCK MULTI SECTOR INCOME TR P 2018-05-16 2021-10-22
UBS #11509 - BLACKROCK FLOATING RATE INCOME PORTFOLIOINSTITUTIONAL P 2018-05-16 2021-11-26
UBS #11509 - BROOKFIELD REAL ASSETS INCOME FUND INC P 2015-02-19 2021-10-22
UBS #11509 - EATON VANCE LTD DURATION INCOME FUND P 2015-03-16 2021-08-24
UBS #11509 - METROPOLITAN WEST UNCONSTRAINED BOND FUND I P 2018-05-16 2021-05-21
UBS #11509 - PIMCO DYNAMIC CREDIT & MORTGAGE INCOME FUND *EXCHANGE :12/2021* P 2018-05-16 2021-01-11
UBS #11611 - AMC NETWORKS INC NOTE RATE 5.00 % MATURES 04/01/2024 CALLABLE P 2020-03-05 2021-02-26
UBS #11611 - CDK GLOB INC NTS B/E 05.875% 061526 DTD061818 FC121518 CALL@MW+ P 2021-01-21 2021-04-23
UBS #11611 - KOHLS CORP RATE 4.25 % MATURES 07/17/2025 CALLABLE DATED DATE 0 P 2020-03-30 2021-03-18
UBS #11611 - KOHLS CORP NOTE RATE 9.50 % MATURES 05/15/2025 CALLABLE DATED D P 2020-05-12 2021-03-19
UBS #11611 - PAYPAL HOLDINGS INC NOTE RATE 2.65 % MATURES 10/01/2026 CALLABL P 2020-10-15 2021-07-21
UBS #11611 - AMERICAN TOWER CORP B/E 04.700% 031522 DTD031212 FC091512 P 2018-02-13 2021-10-18
UBS #11611 - CDK GLOB INC NTS B/E 05.875% 061526 DTD061818 FC121518 CALL@MW+ P 2019-12-03 2021-04-23
UBS #11611 - CA INC NTS B/E 03.600% 081522 DTD031717 FC081517 CALL@MW+25BP P 2018-08-01 2021-01-20
UBS #11611 - FISERV INC NOTE RATE 2.25 % MATURES 06/01/2027 CALLABLE DATED D P 2020-06-08 2021-09-22
UBS #11611 - IHS MARKIT LTD NOTE RATE 4.75 % MATURES 08/01/2028 CALLABLE P 2020-09-15 2021-11-18
UBS #11611 - KOHLS CORP RATE 4.75 % MATURES 12/15/2023 CALLABLE DATED DATE 0 P 2017-04-18 2021-03-19
UBS #11611 - KOHLS CORP RATE 4.25 % MATURES 07/17/2025 CALLABLE DATED DATE 0 P 2019-01-11 2021-03-18
UBS #11611 - KRAFT HEINZ FOODS CO NTS 03.950% 071525 DTD071516 FC011517 CALL P 2018-02-13 2021-03-09
UBS #11611 - MASCO CORP B/E 05.950% 031522 DTD031212 CALL@MW+50BP P 2015-03-18 2021-03-22
UBS #11611 - MASCO CORP NTS B/E 04.450% 040125 DTD032415 FC100115 CALL@MW+40 P 2018-02-13 2021-03-22
UBS #11611 - MICROCHIP TECHNOLOGY INC NOTE RATE 4.333 % MATURES 06/01/2023 C P 2019-07-11 2021-09-08
UBS #11611 - MOTOROLA INC MTNS 03.500% 030123 DTD022813 FC090113 CALL@MW+30B P 2018-02-09 2021-06-10
UBS #11611 - PRICELINE GROUP INC RATE 3.60 % MATURES 06/01/2026 CALLABLE P 2020-07-07 2021-08-24
UBS #11611 - QVC INC NOTE RATE 4.375 % MATURES 03/15/2023 DATED DATE 03/18/2 P 2016-09-22 2021-02-10
UBS #11611 - REYNOLDS AMERICAN INC NOTE RATE 4.85 % MATURES 09/15/2023 P 2018-09-12 2021-10-15
UBS #11611 - SBA COMM CORP NTS B/E 04.875% 090124 DTD030117 FC090117 P 2020-03-18 2021-11-08
UBS #11611 - TOTAL SYS SERVICES INC 03.800% 040121 DTD031716 FC100116 CALL@M P 2016-03-14 2021-03-01
UBS #11611 - VERISK ANALYTICS INC B/E 05.800% 050121 DTD040611 CALL@MW+40BP P 2017-03-15 2021-05-01
UBS #11611 - WESTERN DIGITAL CORP NOTE RATE 4.75 % MATURES 02/15/2026 CALLAB P 2018-02-02 2021-01-29
UBS #11611 - ZIMMER HOLDINGS INC RATE 3.55 % MATURES 04/01/2025 CALLABLE P 2019-04-26 2021-12-01
UBS #11611 - VERISK ANALYTICS INC B/E 05.800% 050121 DTD040611 CALL@MW+40BP P 2013-07-31 2021-05-01
UBS #09811 - CALL ISHARES MSCI EMERGI DUE 01/15/21 53.000 P 2021-01-15 2021-01-19
UBS #09811 - CALL ISHARES MSCI EMERGI DUE 02/19/21 54.000 P 2021-02-19 2021-02-22
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 01/15/21 73.000 P 2021-01-14 2021-01-15
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 02/19/21 75.000 P 2021-02-19 2021-02-22
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 05/21/21 79.000 P 2021-05-21 2021-05-24
UBS #09811 - CALL ISHARES MSCI EAFE E DUE 06/18/21 81.000 P 2021-06-09 2021-06-10
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 01/15/21 P 2021-01-15 2021-01-19
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 02/19/21 P 2021-02-19 2021-02-22
UBS #09811 - CALL ISHARES RUSSELL 200 DUE 03/19/21 215.000 P 2021-03-18 2021-03-19
UBS #09811 - CALL SPDR S&P MIDCAP 400 DUE 01/15/21 410.000 P 2021-01-15 2021-01-19
UBS #09811 - CALL SPDR S&P MIDCAP 400 DUE 03/19/21 455.000 P 2021-03-18 2021-03-19
UBS #09811 - CALL INVESCO QQQ TRUST E DUE 07/16/21 354.000 P 2021-07-14 2021-07-15
UBS #09811 - CALL INVESCO QQQ TRUST E DUE 11/19/21 398.000 P 2021-11-19 2021-11-22
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 01/15/21 370.000 P 2021-01-14 2021-01-15
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 02/19/21 388.000 P 2021-02-19 2021-02-22
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 03/19/21 385.000 P 2021-03-18 2021-03-19
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 04/16/21 410.000 P 2021-04-16 2021-04-19
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 07/16/21 435.000 P 2021-07-14 2021-07-15
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 08/20/21 435.000 P 2021-08-19 2021-08-20
UBS #09811 - UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 11/19/21 464.000 P 2021-11-19 2021-11-22
UBS #09811 - CALL SPDR S&P 500 ETF TR DUE 12/17/21 470.000 P 2021-12-16 2021-12-17
UBS #11611 - NII ADJUSTMENT P 2021-01-01 2021-12-31
UBS #11611 - NII ADJUSTMENT ST P 2021-01-01 2021-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 32,661   29,276 3,385
b 19,365   17,397 1,968
c 36,908   34,461 2,447
d 20,224   14,401 5,823
e 6,837     6,837
1,410     1,410
2,622     2,622
1,448     1,448
674     674
442     442
944     944
952     952
900     900
7,182     7,182
2,296     2,296
286     286
2,945     2,945
728     728
3,292     3,292
777     777
1,632     1,632
2,170     2,170
5,617     5,617
2,037     2,037
6,231     6,231
4,991     4,991
1,034     1,034
386     386
728     728
1,238     1,238
3,853     3,853
1,079     1,079
1,080     1,080
2,862     2,862
3,025     3,025
405     405
1,404     1,404
373     373
1,289     1,289
480     480
1,338     1,338
320     320
264     264
312     312
3,785     3,785
2,352     2,352
4,496     4,496
16     16
576     576
2,212     2,212
2,541     2,541
1,008     1,008
976     976
1,200     1,200
49,916   42,720 7,196
253,273   148,716 104,557
22,494   18,386 4,108
167,752   108,411 59,341
54,994   40,854 14,140
154,504   57,655 96,849
32,591   24,089 8,502
28,994   15,482 13,512
50,507   33,982 16,525
66,722   57,033 9,689
66,319   42,763 23,556
79,470   58,774 20,696
164,712   53,765 110,947
173,399   139,403 33,996
16,966   11,382 5,584
65,840   26,074 39,766
132,737   18,956 113,781
28,463   10,052 18,411
62,125   46,672 15,453
27,880   23,221 4,659
15,746   12,338 3,408
60,632   22,143 38,489
57,109   32,626 24,483
52,952   23,594 29,358
35,261   27,613 7,648
27,198   26,330 868
41,171   37,504 3,667
58,799   24,391 34,408
99,055   55,485 43,570
70,525   36,592 33,933
40,537   22,574 17,963
159,822   104,990 54,832
71,140   26,671 44,469
136,174   70,155 66,019
52,513   29,124 23,389
34,806   22,740 12,066
35,041   14,703 20,338
61,439   45,956 15,483
58,977   26,683 32,294
36,391   19,164 17,227
153,815   64,563 89,252
206,823   123,899 82,924
231,261   121,323 109,938
170,998   129,635 41,363
101,617   88,609 13,008
355,439   309,524 45,915
1,050,000   1,078,065 -28,065
238,155   229,795 8,360
133,472   134,703 -1,231
1,400,000   1,383,161 16,839
128,727   136,931 -8,204
53,300   52,312 988
16,593   16,690 -97
21,667   17,977 3,690
19,254   15,386 3,868
22,540   22,785 -245
53,915   53,297 618
145,184   147,442 -2,258
158,218   150,197 8,021
167,009   165,595 1,414
144,583   146,355 -1,772
9,766   9,130 636
155,009   142,937 12,072
168,365   152,394 15,971
28,416   27,498 918
117,360   105,035 12,325
156,766   150,553 6,213
18,947   17,838 1,109
161,453   158,802 2,651
39,197   37,009 2,188
141,139   133,095 8,044
145,755   141,626 4,129
34,000   33,924 76
6,000   6,000 0
35,400   32,215 3,185
53,696   49,809 3,887
30,000   30,000 0
    5,402 -5,402
    11,828 -11,828
    12,284 -12,284
    3,037 -3,037
    3,536 -3,536
    1,268 -1,268
    36,982 -36,982
    33,146 -33,146
    24,091 -24,091
    12,839 -12,839
    14,208 -14,208
    2,535 -2,535
    1,094 -1,094
    9,818 -9,818
    1,451 -1,451
    3,969 -3,969
    5,454 -5,454
    120 -120
    943 -943
    3,736 -3,736
    454 -454
    24,778 -24,778
27     27
254,589     254,589
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       3,385
b       1,968
c       2,447
d       5,823
e       6,837
      1,410
      2,622
      1,448
      674
      442
      944
      952
      900
      7,182
      2,296
      286
      2,945
      728
      3,292
      777
      1,632
      2,170
      5,617
      2,037
      6,231
      4,991
      1,034
      386
      728
      1,238
      3,853
      1,079
      1,080
      2,862
      3,025
      405
      1,404
      373
      1,289
      480
      1,338
      320
      264
      312
      3,785
      2,352
      4,496
      16
      576
      2,212
      2,541
      1,008
      976
      1,200
      7,196
      104,557
      4,108
      59,341
      14,140
      96,849
      8,502
      13,512
      16,525
      9,689
      23,556
      20,696
      110,947
      33,996
      5,584
      39,766
      113,781
      18,411
      15,453
      4,659
      3,408
      38,489
      24,483
      29,358
      7,648
      868
      3,667
      34,408
      43,570
      33,933
      17,963
      54,832
      44,469
      66,019
      23,389
      12,066
      20,338
      15,483
      32,294
      17,227
      89,252
      82,924
      109,938
      41,363
      13,008
      45,915
      -28,065
      8,360
      -1,231
      16,839
      -8,204
      988
      -97
      3,690
      3,868
      -245
      618
      -2,258
      8,021
      1,414
      -1,772
      636
      12,072
      15,971
      918
      12,325
      6,213
      1,109
      2,651
      2,188
      8,044
      4,129
      76
      0
      3,185
      3,887
      0
      -5,402
      -11,828
      -12,284
      -3,037
      -3,536
      -1,268
      -36,982
      -33,146
      -24,091
      -12,839
      -14,208
      -2,535
      -1,094
      -9,818
      -1,451
      -3,969
      -5,454
      -120
      -943
      -3,736
      -454
      -24,778
      27
      254,589
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 1,855,221
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 35,724
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 35,724
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 37,024
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 44,024
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,300
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet8,300 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTODD R WATSON Telephone no.bullet (248) 476-1949

    Located atbullet26055 NORTHPOINTEFARMINGTON HILLSMI ZIP+4bullet48331
    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)
     
    No
    (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
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    TODD R WATSON TRUSTEE
    0.00     		0 0 0
    26055 NORTHPOINTE
    FARMINGTON HILLS,MI48331
    JILL WATSON TRUSTEE
    0.00     		0 0 0
    26055 NORTHPOINTE
    FARMINGTON HILLS,MI48331
    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
    TARA HACK EXECUTIVE DIRECTOR
    40.00     		77,885 0 0
    1276 SMITH AVE
    BIRMINGHAM,MI48009
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    24,445,191
    b
    Average of monthly cash balances.......................
    1b
    1,098,006
    c
    Fair market value of all other assets (see instructions)................
    1c
    137,349
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,680,546
    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
    25,680,546
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    385,208
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    25,295,338
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,264,767
    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
    1,264,767
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    35,724
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    35,724
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,229,043
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,229,043
    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
    1,229,043
    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 1,229,043
    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...... 349,517
    e From 2020...... 457,496
    f Total of lines 3a through e ........ 807,013
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,781,926
    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..... 1,229,043
    e Remaining amount distributed out of corpus 552,883
    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 1,359,896
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		1,359,896
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 349,517
    d Excess from 2020.... 457,496
    e Excess from 2021.... 552,883
    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).)
    JILL WATSON
    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 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)
    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
    BIG GREEN
    1637 PEARL ST SUITE 201
    BOULDER,CO80302     		  PC GENERAL FUND 250,000
    BLACK LEADERS DETROIT
    8425 W MCNICHOLS ROAD
    DETROIT,MI48221     		  PC GENERAL FUND 75,000
    BRILLIANT DETROIT
    5675 LARKINS STREET
    DETROIT,MI48210     		  PC FITZGERALD PROGRAM SUPPORT 150,000
    CITY YEAR INC
    287 COLUMBUS AVE
    BOSTON,MA02116     		  PC GENERAL FUND 75,000
    COLLEGE FOR CREATIVE STUDIES
    201 E KIRBY ST
    DETROIT,MI48202     		  PC CAP PROGRAM ; SCAFFOLDING PROGRAM 90,000
    DETROIT FOOD ACADEMY
    4444 SECOND AVENUE
    DETROIT,MI48201     		  PC GENERAL FUND 50,000
    DETROIT HORSE POWER
    909 VIRGINIA PARK ST
    DETROIT,MI48202     		  PC GENERAL FUND 25,000
    EASTERN MARKET PARTNERSHIP
    2934 RUSSELL ST
    DETROIT,MI48207     		  PC GENERAL FUND ; FOOD BOX PROGRAM 50,000
    FORGOTTEN HARVEST
    21800 GREENFIELD ROAD
    OAK PARK,MI48237     		  PC GENERAL FUND ; CAPITAL CAMPAIGN 300,000
    GIRLS GROUP
    NEW CENTER 1100 NORTH MAIN
    ANN ARBOR,MI48104     		  PC GENERAL FUND ; SCHOLARSHIP FUND 100,000
    HABITAT FOR HUMANITY
    618 S CREYTS RD
    LANSING,MI48917     		  PC GENERAL FUND 50,000
    IMAGINE LOS ANGELES INC
    672 SLAFAYETTE PARK PLACE SUITE 28
    LOS ANGELES,CA90057     		  PC GENERAL FUND 10,000
    KEEP GROWING DETROIT
    76 E FOREST
    DETROIT,MI48201     		  PC GENERAL FUND 75,000
    MIDNIGHT GOLF PROGRAM
    30100 TELEGRAPH ROAD
    BINGHAM FARMS,MI48025     		  PC GENERAL FUND 25,000
    ORCHARDS CHILDRENS SERVICE
    24901 NORTHWESTERN HIGHWAY
    SOUTHFIELD,MI48075     		  PC GENERAL FUND ; PROMISE SCHOLARSHIP 50,000
    PLANNED PARENTHOOD
    PO BOX 3673
    ANN ARBOR,MI48106     		  PC GENERAL FUND 150,000
    SOUTHERN ILLINOIS FIRST
    1742 RIVIERA LANE
    O FALLON,IL62205     		  PC ROBOTICS ORGANIZATION 5,000
    WE SHALL READ
    34695 RAMBLE HILLS DR
    FARMINGTON HILLS,MI48331     		  PC GENERAL FUND 150,000
    Total .................................bullet 3a 1,680,000
    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 ...........     		         
    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 1,879,972  
    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 2,949,157 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,949,157
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    PATHWAYS FOUNDATION
    EIN:
    45-6643839
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION AND ADVISORY SERVICES 27,615 13,808   13,807

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    PATHWAYS FOUNDATION
    EIN:
    45-6643839
    Name of Bond End of Year Book Value End of Year Fair Market Value
    UBS #11611 - ALLEGION US HLDG CO INC 154,317 165,376
    UBS #11611 - ALTRIA GROUP INC B/E 16,338 15,804
    UBS #11611 - ALTRIA GROUP INC NTS B/E 37,816 36,320
    UBS #11611 - AMC NETWORKS INC NTS B/E 32,192 32,240
    UBS #11611 - AMC NETWORKS INC NTS B/E 125,640 126,635
    UBS #11611 - AMERICAN TOWER CORP B/E 57,172 56,622
    UBS #11611 - AMERICAN TOWER CORP B/E 82,452 84,570
    UBS #11611 - AT&T INC B/E 50,356 47,725
    UBS #11611 - AT&T INC NTS B/E 67,166 64,110
    UBS #11611 - AT&T INC NTS B/E 27,637 26,651
    UBS #11611 - BAT CAPITAL CORP NTS B/E 149,665 148,236
    UBS #11611 - BLOCK FINANCIAL NTS B/E 48,124 48,093
    UBS #11611 - BROADCOM CORP NTS B/E 15,275 15,189
    UBS #11611 - BROADCOM INC NTS B/E 136,844 132,756
    UBS #11611 - CARLISLE COS INC NTS B/E 149,719 159,285
    UBS #11611 - CARRIER GLOB CORP NTS 79,038 76,829
    UBS #11611 - CARRIER GLOB CORP NTS 72,292 69,901
    UBS #11611 - CDK GLOB INC NTS B/E 160,740 157,320
    UBS #11611 - CDW LLC / CDW FIN CORP 61,785 61,950
    UBS #11611 - CDW LLC / CDW FIN CORP 96,960 96,857
    UBS #11611 - CENTURYLINK INC B/E 15,563 15,112
    UBS #11611 - CENTURYLINK INC NTS B/E 139,840 136,875
    UBS #11611 - CITRIX SYSTEMS INC NTS 147,039 143,384
    UBS #11611 - CONAGRA BRANDS INC NTS 149,012 144,096
    UBS #11611 - DISCOVERY COMM INC NTS 43,940 43,982
    UBS #11611 - DISCOVERY COMM INC NTS 77,749 80,482
    UBS #11611 - DISCOVERY COMM LLC NTS 16,827 15,983
    UBS #11611 - DOLLAR TREE INC B/E 108,156 110,419
    UBS #11611 - DOLLAR TREE INC NTS B/E 26,466 26,867
    UBS #11611 - FN MA0575 720 0
    UBS #11611 - FNR 2011-140 P 1,389 0
    UBS #11611 - FORTUNE BRNDS HOME & SEC 143,495 140,397
    UBS #11611 - HCA INC NTS B/E 105,900 104,509
    UBS #11611 - HEWLETT PACKARD CO NTS 167,025 164,162
    UBS #11611 - INTL GAME TECHNOLOGY 13,902 0
    UBS #11611 - KLA-TENCOR CORP NTS B/E 159,042 159,399
    UBS #11611 - KRAFT HEINZ FOODS CO NTS 124,344 124,293
    UBS #11611 - KRAFT HEINZ FOODS CO NTS 21,075 20,927
    UBS #11611 - MICROCHIP TECHNOLOGY INC 146,430 146,451
    UBS #11611 - MOLSON COORS BREWING CO 147,155 140,338
    UBS #11611 - MOTOROLA SOLUTIONS INC 104,151 109,720
    UBS #11611 - MOTOROLA SOLUTIONS INC 37,477 37,285
    UBS #11611 - ORACLE CORP NTS B/E 148,234 145,647
    UBS #11611 - QORVO INC NTS B/E 158,545 157,065
    UBS #11611 - QVC INC B/E 74,994 80,180
    UBS #11611 - QVC INC NTS B/E 36,024 37,080
    UBS #11611 - QVC INC NTS B/E 21,875 25,688
    UBS #11611 - RPM INTL INC B/E 25,491 26,410
    UBS #11611 - SBA COMMUNICATIONS CORP 103,375 103,000
    UBS #11611 - SERVICE CORP INTL B/E 23,540 22,963
    UBS #11611 - STEEL DYNAMICS INC NTS 25,819 25,446
    UBS #11611 - STEEL DYNAMICS INC NTS 121,547 118,728
    UBS #11611 - SVC CORP INTL NTS B/E 139,716 138,353
    UBS #11611 - TEGNA INC NTS B/E 165,454 162,737
    UBS #11611 - TOTAL SYS SERVICES IN 114,476 118,518
    UBS #11611 - TRINITY ACQUISITION PLC 36,002 35,671
    UBS #11611 - U S TREASURY NOTE 239,456 237,615
    UBS #11611 - UNITED RENTALS NORTH AM 160,528 156,000
    UBS #11611 - VERISK ANALYTICS INC B/E 78,719 83,838
    UBS #11611 - VERISK ANALYTICS INC NTS 17,741 17,386
    UBS #11611 - VERIZON COMMUNICATIONS 155,422 146,725
    UBS #11611 - WABTEC NTS B/E 149,731 147,044
    UBS #11611 - WESTERN DIGITAL CORP NTS 132,087 145,303
    UBS #11611 - WILLIS NA INC NTS B/E 114,778 119,417
    UBS #11611 - ZIMMER BIOMET HOLDINGS 88,503 86,746

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    PATHWAYS FOUNDATION
    EIN:
    45-6643839
    Name of Stock End of Year Book Value End of Year Fair Market Value
    UBS #11610 - ACCENTURE PLC IRELAND CL A SHS 332 56,149 137,632
    UBS #11610 - AMER ELECTRIC POWER CO SHS 779 64,723 69,309
    UBS #11610 - AMGEN INC SHS 717 178,407 161,303
    UBS #11610 - ANALOG DEVICES INC SHS 1,103 178,685 193,874
    UBS #11610 - AUTOMATIC DATA PROCESSNG INC SHS 584 112,444 144,003
    UBS #11610 - BLACKROCK INC SHS 190 91,968 173,956
    UBS #11610 - BROADCOM INC SHS 314 162,049 208,939
    UBS #11610 - CHUBB LTD CHF SHS 945 116,053 182,678
    UBS #11610 - CISCO SYSTEMS INC SHS 3,619 152,734 229,336
    UBS #11610 - COMCAST CORP NEW CL A SHS 4,212 167,176 211,990
    UBS #11610 - DIAGEO PLC NEW GB SPON ADR SHS 857 100,073 188,660
    UBS #11610 - DISCOVER FINANCIAL SERVICES SHS 995 109,016 110,360
    UBS #11610 - EOG RESOURCES INC SHS 1,775 137,928 157,673
    UBS #11610 - HOME DEPOT INC SHS 328 58,167 136,123
    UBS #11610 - JOHNSON & JOHNSON COM SHS 1,646 229,326 281,581
    UBS #11610 - JPMORGAN CHASE & CO SHS 1,494 169,145 236,575
    UBS #11610 - LINDE PLC EUR SHS 652 113,900 225,872
    UBS #11610 - LOCKHEED MARTIN CORP SHS 382 103,086 135,767
    UBS #11610 - MARSH & MCLENNAN COS INC SHS 851 62,575 147,921
    UBS #11610 - MEDTRONIC PLC SHS 1,857 158,448 192,107
    UBS #11610 - MICROSOFT CORP SHS 1,603 140,815 539,121
    UBS #11610 - MORGAN STANLEY SHS 1.120 114,533 109,939
    UBS #11610 - NEXTERA ENERGY INC COM SHS 927 49,035 86,545
    UBS #11610 - NOVARTIS AG SPON ADR SHS 1,145 99,534 100,153
    UBS #11610 - PHILLIPS 66 SHS 1,449 101,738 104,995
    UBS #11610 - PROCTER & GAMBLE CO SHS 1,176 130,778 192,370
    UBS #11610 - RAYTHEON TECHNOLOGIES CORP SHS 2,524 179,220 217,215
    UBS #11610 - REPUBLIC SERVICES INC SHS 947 65,797 132,059
    UBS #11610 - ROCKWELL AUTOMATION INC NEW SHS 349 69,073 121,749
    UBS #11610 - STARBUCKS CORP SHS 1,138 126,376 133,112
    UBS #11610 - TEXAS INSTRUMENTS SHS 958 117,333 180,554
    UBS #11610 - TRUIST FINL CORP SHS 3,258 164,940 190,522
    UBS #11610 - UNION PACIFIC CORP SHS 586 92,312 147,631
    UBS #11610 - UNITED PARCEL SERVICE INC CL B SHS 883 146,976 189,262
    UBS #11610 - UNITEDHEALTH GROUP INC SHS 293 135,156 147,127
    UBS #11610 - VF CORP SHS 1,873 128,574 137,141
    UBS #25958 - ABBOTT LABS SHS 1,439 163,395 202,525
    UBS #25958 - ADOBE INC. (DELAWARE) SHS 315 80,600 178,624
    UBS #25958 - ALPHABET INC CL A SHS 234 278,413 677,907
    UBS #25958 - AMAZON.COM INC SHS 212 442,549 706,880
    UBS #25958 - AMERICAN TOWER CORP REIT SHS 439 93,221 128,408
    UBS #25958 - AMERIPRISE FINANCIAL INC SHS 637 73,846 192,157
    UBS #25958 - APPLE INC SHS 3,071 311,145 545,317
    UBS #25958 - APPLIED MATERIALS INC SHS 1,104 135,689 173,725
    UBS #25958 - BOOKING HLDGS INC SHS 43 96,605 103,167
    UBS #25958 - BOSTON SCIENTIFIC CORP SHS 3,426 135,953 145,536
    UBS #25958 - COSTCO WHOLESALE CORP SHS 285 82,189 161,795
    UBS #25958 - DANAHER CORP SHS 337 41,206 110,876
    UBS #25958 - DOLLAR GEN CORP NEW SHS 537 101,851 126,641
    UBS #25958 - FIDELITY NATL INFORMATION SVCS SHS 1,372 181,056 149,754
    UBS #25958 - HOME DEPOT INC SHS 526 130,715 218,295
    UBS #25958 - HONEYWELL INTL INC SHS 476 76,756 99,251
    UBS #25958 - INTERCONTINENTAL EXCHANGE GROUP SHS 950 71,219 129,932
    UBS #25958 - LAUDER ESTEE COS CL A SHS 254 42,120 94,031
    UBS #25958 - LOWES COMPANIES INC SHS 844 97,003 218,157
    UBS #25958 - META PLATFORMS INC CL A SHS 1,264 240,784 425,146
    UBS #25958 - MICROSOFT CORP SHS 3,170 409,029 1,066,134
    UBS #25958 - NIKE INC CL B SHS 641 93,750 106,835
    UBS #25958 - O REILLY AUTOMOTIVE INC SHS 278 97,630 196,332
    UBS #25958 - PARKER HANNIFIN CORP SHS 556 119,895 176,875
    UBS #25958 - ROCKWELL AUTOMATION INC NEW SHS 253 47,438 88,259
    UBS #25958 - S&P GLOBAL INC SHS 185 70,096 87,307
    UBS #25958 - SALESFORCE.COM INC SHS 807 151,405 205,083
    UBS #25958 - SHERWIN WILLIAMS CO SHS 465 84,541 163,754
    UBS #25958 - TEXAS INSTRUMENTS SHS 858 153,932 161,707
    UBS #25958 - THERMO FISHER SCIENTIFIC INC SHS 152 45,651 101,420
    UBS #25958 - TJX COS INC NEW SHS 3,333 158,644 253,041
    UBS #25958 - UNION PACIFIC CORP SHS 802 177,252 202,048
    UBS #25958 - UNITEDHEALTH GROUP INC SHS 341 89,800 171,230
    UBS #25958 - VISA INC CL A SHS 1,436 222,676 311,196

    TY 2021 InvestmentsOtherSchedule2
    Name:
    PATHWAYS FOUNDATION
    EIN:
    45-6643839
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    UBS #09811 - INVESCO QQQ TRUST ETF SHS 1,190 FMV 343,919 473,443
    UBS #09811 - ISHARES RUSSELL 2000 ETF SHS 4,761 FMV 686,858 1,059,085
    UBS #09811 - ISHARES US REAL ESTATE ETF SHS 2,932 FMV 232,340 340,522
    UBS #09811 - ISHARES MSCI EAFE ETF SHS 15,845 FMV 1,040,284 1,246,685
    UBS #09811 - ISHARES MSCI EMERGING MARKETS SHS 14,578 FMV 617,787 712,135
    UBS #09811 - SPDR S&P MIDCAP 400 ETF TR SHS 880 FMV 311,950 455,558
    UBS #09811 - SPDR S&P 500 ETF TR SHS 4238 FMV 942,005 2,012,880
    UBS #11509 - BLACKROCK MULTI SECTOR INCOME TR SHS 10,000 FMV 161,842 181,400
    UBS #11509 - BLACKSTONE STRATEGIC CREDIT FUND SHS 21,000 FMV 347,956 283,290
    UBS #11509 - COHEN & STEERS TAX-ADVANTAGED PFD SECURITIES & INCOME FUND SHS FMV 1,000,000 962,000
    UBS #11509 - DOUBLELINE INCOME SOLUTIONS FD SHS 23,000 FMV 489,685 370,760
    UBS #11509 - EATON VANCE LTD DURATION INCOME FUND SHS 28,183 FMV 363,525 369,197
    UBS #11509 - BLACKROCK FLOATING RATE INCOME PORTFOLIOINSTITUTIONAL SHS 90,24 FMV 917,114 896,085
    UBS #11509 - METROPOLITAN WEST UNCONSTRAINED BOND FUND I SHS 94,233.455 FMV 1,108,457 1,102,531
    UBS #11509 - BROOKFIELD REAL ASSETS INCOME FUND INC SHS 8,042 FMV 162,143 169,767
    UBS #25959 - ABERDEEN STD GLOBAL INFRASTRUCTURE INCOME FUND SHS 50,000 FMV 1,000,000 1,026,500
    UBS #25959 - BLACKROCK SCIENCE & TECHNOLOGY SHS 7,918 FMV 225,312 308,327
    UBS #25959 - BLACKROCK HEALTH SCIENCES TR SHS 8,606 FMV 216,224 218,248
    UBS #25959 - ABERDEEN EMERGING MARKETS INSTL SHS 41,035.835 FMV 636,956 707,458
    UBS #25959 - BLACKROCKTECHNOLOGY OPPORTUNITIES FUND SHS 12,795.293 FMV 444,983 843,466
    UBS #25959 - COHEN & STEERS REAL ESTATE SECURITIES FUND SHS 43,343.739 FMV 632,544 956,596
    UBS #25959 - HARDING LOEVNER INTERNATIONAL EQUITY SHS 25,461.771 FMV 568,107 765,635
    UBS #25959 - MATTHEWS ASIA DIVIDEND SHS 35,916.973 FMV 676,774 680,267
    UBS #25959 - PRINCIPAL SMALL-MIDCAP DIVIDEND INC FUND CLASS SHS 38,584.766 FMV 627,673 704,558
    UBS #08841 - BLACKROCK INNOVATION & GROWTH FMV 500,000 363,500
    UBS #08841 - NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND FMV 500,000 432,500
    UBS #08841 - PIMCO DYNAMIC INC OPPOR FUND FMV 1,000,000 978,000
    UBS #11611 - WILLIS NA INC NTS B/E FMV 0 523
    UBS #11611 - VERISK ANALYTICS INC NTS FMV 0 212
    UBS #11611 - TRINITY ACQUISITION PLC FMV 0 594
    UBS #11611 - TOTAL SYS SERVICES IN FMV 0 359
    UBS #11611 - RPM INTL INC B/E FMV 0 115
    UBS #11611 - QVC INC NTS B/E FMV 0 464
    UBS #11611 - QVC INC B/E FMV 0 1,278
    UBS #11611 - MOTOROLA SOLUTIONS INC FMV 0 1,373
    UBS #11611 - KLA-TENCOR CORP NTS B/E FMV 0 1,139
    UBS #11611 - FORTUNE BRNDS HOME & SEC FMV 0 1,489
    UBS #11611 - DISCOVERY COMM INC NTS FMV 0 356
    UBS #11611 - CENTURYLINK INC NTS B/E FMV 0 2,344
    UBS #11611 - CENTURYLINK INC B/E FMV 0 256
    UBS #11611 - CARRIER GLOB CORP NTS FMV 0 635
    UBS #11611 - CARLISLE COS INC NTS B/E FMV 0 440
    UBS #11611 - ALLEGION US HLDG CO INC FMV 0 1,272
    UBS #11611 - WABTEC NTS B/E FMV 0 1,801
    UBS #11611 - AMC NETWORKS INC NTS B/E FMV 0 400
    UBS #11611 - DOLLAR TREE INC NTS B/E FMV 0 128
    UBS #11611 - AMERICAN TOWER CORP B/E FMV 0 263
    UBS #11611 - DISCOVERY COMM LLC NTS FMV 0 26
    UBS #11611 - STEEL DYNAMICS INC NTS FMV 0 124
    UBS #11611 - VERISK ANALYTICS INC B/E FMV 0 139
    UBS #11611 - AMC NETWORKS INC NTS B/E FMV 0 2,454
    UBS #11611 - MICROCHIP TECHNOLOGY INC FMV 0 1,998
    UBS #11611 - CONAGRA BRANDS INC NTS FMV 0 1,004
    UBS #11611 - ZIMMER BIOMET HOLDINGS FMV 0 1,167
    UBS #11611 - ALTRIA GROUP INC NTS B/E FMV 0 553
    UBS #11611 - WESTERN DIGITAL CORP NTS FMV 0 2,387
    UBS #11611 - KRAFT HEINZ FOODS CO NTS FMV 0 50
    UBS #11611 - MOLSON COORS BREWING CO FMV 0 1,854
    UBS #11611 - HCA INC NTS B/E FMV 0 1,666
    UBS #11611 - BROADCOM CORP NTS B/E FMV 0 250
    UBS #11611 - AT&T INC NTS B/E FMV 0 847
    UBS #11611 - CARRIER GLOB CORP NTS FMV 0 640
    UBS #11611 - QVC INC NTS B/E FMV 0 449
    UBS #11611 - SBA COMMUNICATIONS CORP FMV 0 1,464
    UBS #11611 - AT&T INC B/E FMV 0 609
    UBS #11611 - VERIZON COMMUNICATIONS FMV 0 1,588
    UBS #11611 - KRAFT HEINZ FOODS CO NTS FMV 0 569
    UBS #11611 - UNITED RENTALS NORTH AM FMV 0 3,117
    UBS #11611 - CDK GLOB INC NTS B/E FMV 0 618
    UBS #11611 - HEWLETT PACKARD CO NTS FMV 0 182
    UBS #11611 - STEEL DYNAMICS INC NTS FMV 0 91
    UBS #11611 - CITRIX SYSTEMS INC NTS FMV 0 495
    UBS #11611 - SERVICE CORP INTL B/E FMV 0 45
    UBS #11611 - AT&T INC NTS B/E FMV 0 372
    UBS #11611 - MOTOROLA SOLUTIONS INC FMV 0 540
    UBS #11611 - TEGNA INC NTS B/E FMV 0 2,193
    UBS #11611 - DISCOVERY COMM INC NTS FMV 0 820
    UBS #11611 - BAT CAPITAL CORP NTS B/E FMV 0 916
    UBS #11611 - ORACLE CORP NTS B/E FMV 0 895
    UBS #11611 - CDW LLC / CDW FIN CORP FMV 0 638
    UBS #11611 - DOLLAR TREE INC B/E FMV 0 531
    UBS #11611 - BLOCK FINANCIAL NTS B/E FMV 0 620
    UBS #11611 - BROADCOM INC NTS B/E FMV 0 1,464
    UBS #11611 - ALTRIA GROUP INC B/E FMV 0 256
    UBS #11611 - CDW LLC / CDW FIN CORP FMV 0 1,179
    UBS #11611 - SVC CORP INTL NTS B/E FMV 0 551
    UBS #11611 - AMERICAN TOWER CORP B/E FMV 0 746
    UBS #11611 - QORVO INC NTS B/E FMV 0 1,367
    UBS #11611 - U S TREASURY NOTE FMV 0 466

    TY 2021 OtherExpensesSchedule
    Name:
    PATHWAYS FOUNDATION
    EIN:
    45-6643839
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGAMENT FEES 284,120 284,120   0
    OTHER EXPENSES 2,312 0   2,312
    OFFICE SUPPLIES 74 0   74
    PRINTING & PUBLICATIONS 144 0   144


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    PATHWAYS FOUNDATION
    EIN:
    45-6643839
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEE 548 0   548


    TY 2021 TaxesSchedule
    Name:
    PATHWAYS FOUNDATION
    EIN:
    45-6643839
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 37,000 0   0
    PAYROLL TAXES 7,156 0   7,156
    FOREIGN TAXES 11,133 11,133   0