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
THE ARMSTRONG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 470338
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FORT WORTH, TX76147
A Employer identification number

75-6003209
B Telephone number (see instructions)

(817) 737-7117
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$30,715,316J 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 74,085 74,085  
4 Dividends and interest from securities... 492,881 492,056  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,070,047
b Gross sales price for all assets on line 6a 7,745,592
7 Capital gain net income (from Part IV, line 2)... 102,853
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 710,072 710,495  
12 Total. Add lines 1 through 11........ 2,347,085 1,379,489  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 156,524 73,566   82,958
14 Other employee salaries and wages...... 50,827 25,413   25,414
15 Pension plans, employee benefits....... 44,487 21,308   23,179
16a Legal fees (attach schedule)......... Click to see attachment 3,057 3,057    
b Accounting fees (attach schedule)....... Click to see attachment 6,975 6,975    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,674 9,674    
19 Depreciation (attach schedule) and depletion... Click to see attachment 74 74  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 226,624 216,793   9,831
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 498,242 356,860   141,382
25 Contributions, gifts, grants paid....... 1,275,500 1,275,500
26 Total expenses and disbursements. Add lines 24 and 25 1,773,742 356,860   1,416,882
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 573,343
b Net investment income (if negative, enter -0-) 1,022,629
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......... 495,719 855,705 855,705
3 Accounts receivable bullet41,525
Less: allowance for doubtful accounts bullet   30,360 41,525 41,525
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.......... 5,902    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 1,061,330 Click to see attachment850,961 961,212
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 21,081,730 Click to see attachment21,488,970 28,148,039
14 Land, buildings, and equipment: basis bullet78,687
Less: accumulated depreciation (attach schedule) bullet71,651 7,110 Click to see attachment7,036  
15 Other assets (describe bullet) Click to see attachment334,232 Click to see attachment334,232 Click to see attachment708,835
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,016,383 23,578,429 30,715,316
Liabilities 17 Accounts payable and accrued expenses.......... 473 1,204
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)   Click to see attachment2,785
23 Total liabilities (add lines 17 through 22)......... 473 3,989
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 23,015,910 23,574,440
29 Total net assets or fund balances (see instructions)..... 23,015,910 23,574,440
30 Total liabilities and net assets/fund balances (see instructions). 23,016,383 23,578,429
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
23,015,910
2
Enter amount from Part I, line 27a .....................
2
573,343
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
23,589,253
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
14,813
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,574,440
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.)
1a
b
c
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
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
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 2 102,853
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  
3 Add lines 1 and 2........................... 3 14,215
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 14,215
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 11,902
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,902
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 11
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,324
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletTX
    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.ARMSTRONGFDN.ORG
    14
    The books are in care ofbulletLAURA HARRISON Telephone no.bullet (817) 737-7191

    Located atbulletP O BOX 470338FORT WORTHTX ZIP+4bullet761470338
    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
     
     
    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
    T K ARMSTRONG JR PRESIDENT
    20.00     		54,656 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    LAURA J HARRISON SECRETARY
    30.00     		77,450 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    ALLEN L ARMSTRONG TREASURER
    5.00     		9,005 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    ALEX D ARMSTRONG TRUSTEE
    5.00     		5,138 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    CHRISTIAN G SIEGENTHALER TRUSTEE
    5.00     		5,138 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    KATE BRITAIN KEY EMPLOYEE
    5.00     		5,137 0 0
    P O BOX 470338
    FORT WORTH,TX76147
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    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.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    27,802,524
    b
    Average of monthly cash balances.......................
    1b
    660,663
    c
    Fair market value of all other assets (see instructions)................
    1c
    758,235
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,221,422
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    29,221,422
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    438,321
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    28,783,101
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,439,155
    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
    1,439,155
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    14,215
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,215
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,424,940
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,424,940
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,424,940
    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 1,424,940
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 37,779
    b From 2017......  
    c From 2018......  
    d From 2019...... 4,765
    e From 2020......  
    f Total of lines 3a through e ........ 42,544
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,416,882
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 1,416,882
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021. 8,058 8,058
    (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 34,486
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		29,721
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		4,765
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 4,765
    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).)
    NONE
    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.
    NONE
    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:
    T K ARMSTRONG JR
    P O BOX 470338
    FORT WORTH,TX76147
    (817) 737-7117
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION CAN BE MADE AT WEBSITE WWW.ARMSTRONGFDN.ORG. PROPOSALS MUST BE ACCOMPANIED BY AN IRS LETTER SHOWING THEIR TAX-EXEMPT STATUS.
    cAny submission deadlines:
    PROPOSALS MAY BE SUBMITTED ANY TIME DURING THE YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO 501(C)(3) TAX-EXEMPT INSTITUTIONS AND ORGANIZATIONS ADVOCATING THE PERPETUATION OF CONSTITUTIONAL GOVERNMENT AND ITS FREEDOMS. OUR TRUSTEES ARE PARTICULARLY SUPPORTIVE OF THOSE INSTITUTIONS AND ORGANIZATIONS DIRECTING THEIR ACTIVITIES IN THE EDUCATIONAL PROCESSES OF THE FREE ENTERPRISE SYSTEM, THE BENEFITS OF LIMITED GOVERNMENT AND THE BASIC PRINCIPLES OF AMERICAN IDEALS ESPOUSED BY THE FOUNDING FATHERS OF THIS GREAT NATION. WE DO NOT SUPPORT BRICKS AND MORTAR PROJECTS. ADDITIONALLY, NO GRANTS ARE MADE TO INDIVIDUALS UNLESS PRIOR APPROVAL BY THE IRS.
    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
    ALICE LLOYD COLLEGE
    100 PURPOSE ROAD
    PIPPA PASSES,KY41844     		    EDUCATIONAL PROGRAMS 5,000
    AMERICAN IDEAS INSTITUTE
    910 17TH ST NW STE 312
    WASHINGTON,DC200062626     		    PUBLIC POLICY RESEARCH AND EDUCATIO 10,000
    AMERICAN LEGISLATIVE EXCHANGE COUN
    2900 CRYSTAL DR STE 600
    ARLINGTON,VA222023595     		    EDUCATIONAL PROGRAMS 17,500
    AMERICAN ENTERPRISE INSTITUTE FOR P
    1789 MASSACHUSETTS AVE
    WASHINGTON,DC20036     		    PUBLIC POLICY IN RESEARCH AND EDUCAT 30,000
    AMERICA'S FUTURE FOUNDATION
    1633 CONNECTICUT AVE NW S
    WASHINGTON,DC200091041     		    EDUCATIONAL PROGRAMS 15,000
    ASHBROOK CENTER
    401 COLLEGE AVE
    ASHLAND,OH448053702     		    EDUCATIONAL PROGRAMS 50,000
    ATLAS ECONOMIC RESEARCH FOUNDATION
    TWO LIBERTY CENTER 4075
    ARLINGTON,VA222032160     		    EDUCATIONAL PROGRAMS 20,000
    BALLOTPEDIA
    8383 GREENWAY BLVD STE 6
    MIDDLETON,WI535624659     		    EDUCATIONAL PROGRAMS 15,000
    BETTER CITIES PROJECT
    4700 W ROCHELLE AVE APT
    LAS VEGAS,NV891033822     		    EDUCATIONAL PROGRAMS 10,000
    BILL OF RIGHTS INSTITUTE
    1310 N COURTHOUSE RD S
    ARLINGTON,VA22201     		    TEACHER TRAINING IN BILL OF RIGHTS 60,000
    CATO INSTITUTE
    1000 MASSACHUSETTS AVE NW
    WASHINGTON,DC200015403     		    EDUCATIONAL PROGRAMS 17,500
    CENTER FOR INDEPENDENT THOUGHT
    1420 WALNUT ST STE 1011
    PHILADELPHIA,PA191024010     		    EDUCATIONAL PROGRAMS 15,000
    CURE-CENTER FOR URBAN RENEWAL AND E
    1317 F STREET NW 800
    WASHINGTON,DC20004     		    EDUCATIONAL PROGRAMS 10,000
    CERTELL INC
    2201 E 46TH ST SUITE 30
    INDIANAPOLIS,IN462051449     		    EDUCATIONAL PROGRAMS 25,000
    CHARITY NAVIGATOR
    PO BOX 6002
    BELLMAWR,NJ080996002     		    EDUCATIONAL PROGRAMS 500
    CITIZENS FOR SELF-GOVERNANCE
    5850 SAN FELIPE ST STE 57
    HOUSTON,TX770573017     		    EDUCATIONAL PROGRAMS 5,000
    COMPETITIVE ENTERPRISE INSTITUTE
    1310 L STREET NW 7TH FL
    WASHINGTON,DC20005     		    PUBLIC POLICY RESEARCH AND EDUCATION 20,000
    CONSTITUTING AMERICA INC
    PO BOX 1988
    COLLEYVILLE,TX760341988     		    EDUCATIONAL PROGRAMS 12,500
    FEDERALIST SOCIETY FOR LAW & PUBLIC
    1776 I STREET NW STE 300
    WASHINGTON,DC20006     		    LEGAL DEFENSE OF CONSTITUTION 15,000
    FOUNDATION FOR ECONOMIC EDUCATION
    30 SOUTH BROADWAY
    IRVINGTONONHUDSON,NY10533     		    PUBLIC POLICY RESEARCH AND EDUCATION 47,500
    FOUNDATION FOR GOVERNMENT ACCOUNTAB
    15275 COLLIER BLVD STE20
    NAPLES,FL341196750     		    PUBLIC POLICY RESEARCH AND EDUCATION 15,000
    FOUNDATION FOR INDIVIDUAL RIGHTS IN
    510 WALNUT ST 1250
    PHILADELPHIA,PA191063619     		    EDUCATIONAL PROGRAMS 10,000
    FREE THE PEOPLE FIGHT THE POWER FOU
    611 PENNSYLVANIA AVE S25
    WASHINGTON,DC200034303     		    PUBLIC POLICY RESEARCH AND EDUCATION 30,000
    FREE TO CHOOSE NETWORK
    2002 FILLMORE AVE - SUITE
    ERIE,PA165062930     		    EDUCATION 20,000
    FREEDOMWORKS FOUNDATION
    111 K ST NE SUITE 600
    WASHINGTON,DC200028105     		    ECONOMIC EDUCATION AND POLICY ANALYS 22,500
    FUND FOR AMERICAN STUDIES
    1706 NEW HAMPSHIRE AVE N
    WASHINGTON,DC20009     		    EDUCATION 30,000
    GOLDWATER INSTITUTE FOR PUBLIC POLI
    500 EAST CORONADO ROAD
    PHOENIX,AZ85004     		    NATIONAL AND STATE POLICY RESEARCH A 27,500
    HEARTLAND INSTITUTE
    3939 N WILKIE RD
    ARLINGTON HEIGHTS,IL60004     		    PUBLIC POLICY RESEARCH AND EDUCATION 5,000
    HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC200024958     		    EDUCATIONAL PROGRAMS 40,000
    HILLSDALE COLLEGE
    33 EAST COLLEGE STREET
    HILLSDALE,MI49242     		    EDUCATIONAL PROGRAMS 20,000
    INDEPENDENT INSTITUTE
    100 SWAN WAY STE 200
    OAKLAND,CA946211428     		    NATIONAL AND STATE POLICY RESEARCH A 25,000
    INDEPENDENT WOMENS FORUM
    4 WEEMS LANE 312
    WINCHESTER,VA226013602     		    PUBLIC POLICY RESEARCH AND EDUCATION 10,000
    INSTITUTE FOR HUMANE STUDIES
    3434 WASHINGTON BLVD MS
    ARLINGTON,VA22201     		    PUBLIC POLICY RESEARCH AND EDUCATION 27,500
    INSTITUTE FOR JUSTICE
    901 N GLEBE ROAD -SUITE
    ARLINGTON,VA222031854     		    EDUCATIONAL PROGRAMS 30,000
    INTERCOLLEGIATE STUDIES INSTITUTE
    3901 CENTERVILLE ROAD
    WILMINGTON,DE198071938     		    PUBLIC POLICY EDUCATION AT COLLEGE L 37,500
    JACK MILLER CENTER FOR TEACHING AME
    3 BALA PLAZA WEST 401
    BALA CYNWYD,PA190043481     		    EDUCATIONAL PROGRAMS 37,500
    LAW AND ECONOMICS CENTER
    3301 FAIRFAX DRIVE - HAZ
    ARLINGTON,VA22201     		    POLITICAL SCIENCE, POLITICS AND ECO 15,000
    LEADERSHIP INSTITUTE
    1101 N HIGHLAND ST
    ARLINGTON,VA222012807     		    PUBLIC POLICY AND EDUCATION 40,000
    LIBERTAS INSTITUTE
    2183 W MAIN ST 102
    LEHI,UT84043     		    EDUCATIONAL PROGRAMS 5,000
    LINCOLN NETWORK INC
    2443 FILLMORE ST380-338
    SAN FRANCISCO,CA94115     		    EDUCATIONAL PROGRAMS 15,000
    LUDWIG VON MISES INSTITUTE FOR AUST
    518 W MAGNOLIA AVE
    AUBURN,AL368324501     		    EDUCATIONAL PROGRAMS 20,000
    MANHATTAN INSTITUTE FOR POLICY RESE
    52 VANDERBILT AVE
    NEW YORK,NY100173808     		    RESEARCH AND ED. PROGRAMS IN FREE MA 15,000
    MEDIA RESEARCH CENTER
    1900 CAMPUS COMMONS DR S
    RESTON,VA201911535     		    RESEARCH AND EDUCATIONAL PROGRAMS 20,000
    MERCATUS CENTER
    3434 WASHINGTON BLVD-4TH
    ARLINGTON,VA222014508     		    MERCATUS CENTER - PUBLIC POLICY RESE 25,000
    MISSISSIPPI CENTER FOR PUBLIC POLIC
    520 GEORGE ST
    JACKSON,MS39202     		    PUBLIC POLICY RESEARCH AND EDUCATION 25,000
    MOVING PICTURE INSTITUTE
    520 CRAIG LANE
    VILLANOVA,PA19085     		    EDUCATIONAL PROGRAMS 30,000
    NATIONAL RIGHT TO WORK LEGAL DEFENS
    8001 BRADDOCK RD 600
    SPRINGFIELD,VA22160     		    PUBLIC POLICY RESEARCH AND EDUCATION 10,000
    NETWORK OF ENLIGHTENED WOMEN INC
    1360 EAST CAPITAL STREET
    WASHINGTON,DC20003     		    EDUCATIONAL PROGRAMS 5,000
    PACIFIC LEGAL FOUNDATION
    930 G STREET
    SACRAMENTO,CA95814     		    LEGAL AND JUDICIAL EDUCATION PROGRAM 25,000
    PHILANTHROPY ROUNDTABLE
    1120 20TH ST NW SUITE 55
    WASHINGTON,DC20036     		    PUBLIC POLICY RESEARCH AND EDUCATION 7,500
    PRAGER UNIVERSITY FOUNDATION
    15021 VENTURA BOULEVARD N
    SHERMAN OAKS,CA91403     		    PUBLIC POLICY RESEARCH AND EDUCATION 20,000
    REASON FOUNDATION
    5737 MESMER AVE
    LOS ANGELES,CA902306316     		    PUBLIC POLICY RESEARCH AND EDUCATION 35,000
    STATE POLICY NETWORK
    1655 N FORT MYER DR- SU
    ARLINGTON,VA222093113     		    PUBLIC POLICY RESEARCH AND EDUCATION 35,000
    STUDENTS FOR LIBERTY
    PO BOX 97246
    WASHINGTON,DC200907246     		    PUBLIC POLICY RESEARCH AND EDUCATION 20,000
    TALENT MARKET
    1633 CONNECTIUCT AVE NW S
    WASHINGTON,DC200091041     		    EDUCATIONAL AND RESEARCH PROGRAMS 5,000
    TAX FOUNDATION
    1325 G STREET NW SUITE
    WASHINGTON,DC20005     		    EDUCATIONAL PROGRAMS 17,500
    TEXAS PUBLIC POLICY FOUNDATION
    P O BOX 1449
    AUSTIN,TX78767     		    EDUCATIONAL PROGRAMS 30,000
    TURNING POINT
    4940 E BEVERLY RD
    PHOENIX,AZ85044     		    EDUCATIONAL PROGRAMS 25,000
    YOUNG AMERICA'S FOUNDATION
    11480 COMMERCE PARK DRIVE
    RESTON,VA201911556     		    EDUCATIONAL PROGRAMS 25,000
    YOUNG AMERICANS FOR LIBERTY FOUNDAT
    PO BOX 17560
    ARLINGTON,VA22216     		    EDUCATIONAL PROGRAMS 10,000
    YOUNG VOICES
    65515TH ST NW
    WASHINGTON,DC20005     		    EDUCATIONAL PROGRAMS 7,500
    Total .................................bullet 3a 1,275,500
    bApproved for future payment
    Total .................................bullet 3b  
    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 24,953 49,132
    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 ............     		    14 102,063 967,984
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    14    
    bPMF FUND     14 -423  
    cML-2217 UNRECAP 1250     14    
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   1,329,969 1,017,116
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,347,085
    (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:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING EXPENSES 6,975 6,975    

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    TY 2021 DepreciationSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    CONDO LAND 1983-09-01 5,362              
    ELECTRIC LOCKS 1986-12-01 167 167 S/L 5.0000        
    IBM PC SOFTWARE 1983-06-30 3,066 3,066 S/L 5.0000        
    CALCULATOR 1983-08-31 109 109 S/L 3.0000        
    DESK 1983-08-31 656 656 S/L 10.0000        
    SANGER HARRIS CH 1984-07-31 307 307 S/L 5.0000        
    IBM TYPEWRITER 1984-09-30 1,050 1,050 S/L 5.0000        
    CHAIR 1984-10-31 240 240 S/L 5.0000        
    INWOOD TYPEWRITER 1985-04-17 1,538 1,538 S/L 5.0000        
    TELEPHONE 1985-07-30 332 332 S/L 5.0000        
    TELEPHONE 1985-09-04 995 995 S/L 5.0000        
    COMPUTER CHIP 1989-01-26 280 280 S/L 5.0000        
    FILE DRAWERS 1989-02-09 665 665 S/L 5.0000        
    COMPUTER 1990-06-28 2,794 2,794 S/L 5.0000        
    CHAIR 1991-06-12 279 279 S/L 5.0000        
    FURNITURE 1991-07-03 586 586 S/L 5.0000        
    PRINTER 1993-06-08 350 350 S/L 5.0000        
    NEW PHONE SYSTEM 1998-05-26 1,019 1,019 S/L 5.0000        
    CONDO OFFICE BUILDING 1983-09-01 44,242 44,242 S/L 25.0000        
    VARIOUS 1957-01-01 1,106 1,106 S/L 5.0000        
    DICTAPHONE 1983-06-30 890 890 S/L 5.0000        
    LENNOX 4 TON A/C-HEAT UNIT 2005-08-22 2,886 1,138 S/L 39.0000 74 74    
    OPTIPLEX 210L COMPUTER 2006-06-23 1,555 1,555 200DB 5.0000        
    OFFICE EQUIPMENT 2008-10-20 1,553 1,553 200DB 5.0000        
    OFFICE EQUIPMENT 2009-01-29 1,205 1,205 200DB 5.0000        
    COMPUTER 2014-05-23 1,000 1,000 200DB 5.0000        
    PRINTER 2014-06-17 999 999 200DB 5.0000        
    FURNITURE & FIXTURES 2019-02-22 221 221 200DB 7.0000        
    FURNITURE & FIXTURES 2019-03-21 398 398 200DB 7.0000        
    3 CHAIRS 2019-04-11 753 753 200DB 7.0000        
    FURNITURE & FIXTURES 2019-05-16 1,113 1,113 200DB 7.0000        
    FURNITURE & FIXTURES 2020-08-21 969 969 200DB 7.0000        

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    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    CALL MICROSOFT 2021-01 PURCHASE 2021-01   1,290       1,290  
    CIBC MTN 2020-02 PURCHASE 2021-01   100,000 100,000        
    APPLE INC 2018-10 PURCHASE 2021-01   24,679 11,212     13,467  
    UNITED PARCEL 3.125% 2019-05 PURCHASE 2021-01   60,000 60,000        
    ABBVIE INC 2020-03 PURCHASE 2021-12   146,271 126,866     19,405  
    AIR PRODUCTS & CHEMICALS 2020-12 PURCHASE 2021-02   30,663 31,528     -865  
    BAIRD ULTRA SHORT BOND 2020-07 PURCHASE 2021-02   58,062 58,178     -116  
    BECTON DICKSON & CO 2020-01 PURCHASE 2021-06   24,041 22,619     1,422  
    CITIGROUP INC 2021-09 PURCHASE 2021-12   107,005 124,459     -17,454  
    COCA COLA & CO 2020-12 PURCHASE 2021-04   137,224 138,643     -1,419  
    DFA ONE YEAR FIXED INC 2020-08 PURCHASE 2021-07   191,411 191,411        
    EXPRESS SCRIPTS 2020-04 PURCHASE 2021-04   20,595 20,396     199  
    FIDELITY NATL INF 2020-11 PURCHASE 2021-09   29,657 35,874     -6,217  
    FREEPORT MCMORAN 2021-03 PURCHASE 2021-12   61,130 48,770     12,360  
    INTERCONTINENTAL EXCHANGE 2021-03 PURCHASE 2021-07   22,110 22,299     -189  
    INTL BUS MACH 2021-03 PURCHASE 2021-07   50,118 47,375     2,743  
    ISHARES TR IBOXX 2020-06 PURCHASE 2021-02   6,598 6,335     263  
    ISHARES TR 20 YR 2021-02 PURCHASE 2021-06   250,754 247,989     2,765  
    OCCIDENTAL PETROLEUM 2021-05 PURCHASE 2021-06   69,106 60,936     8,170  
    ORION OFFICE REIT 2021-11 PURCHASE 2021-11   2,251 2,556     -305  
    PIMCO SHORT ASSET 2020-07 PURCHASE 2021-02   58,179 58,063     116  
    RICKWELL AUTOMATION 2020-12 PURCHASE 2021-11   71,247 54,852     16,395  
    VANGIARD FINANCIALS ETF 2020-11 PURCHASE 2021-09   161,494 122,001     39,493  
    ABBVIE INC 2020-01 PURCHASE 2021-03   78,781 62,295     16,486  
    ABBVIE NOTE CALL 2019-04 PURCHASE 2021-11   75,000 75,000        
    AIR PRODUCTS & CHEMICALS 2020-02 PURCHASE 2021-09   73,554 60,916     12,638  
    AON PLC 2019-10 PURCHASE 2021-11   90,779 58,780     31,999  
    BECTON DICKSON & CO 2018-12 PURCHASE 2021-06   90,822 88,550     2,272  
    BROADCOM INC 2020-03 PURCHASE 2021-05   28,224 13,478     14,746  
    BURLINGTON NORTHERN 2019-03 PURCHASE 2021-12   75,000 75,044     -44  
    CIGNA CORP 2020-02 PURCHASE 2021-03   24,766 23,910     856  
    ENTERGY TEXAS 2019-11 PURCHASE 2021-09   75,000 75,000        
    FIDELITY NATL INFO 2020-01 PURCHASE 2021-09   99,928 102,180     -2,252  
    HOWELL TWP 2019-10 PURCHASE 2021-05   15,000 15,129     -129  
    INTERCONTINENTAL EXCHANE 2020-02 PURCHASE 2021-09   58,557 48,632     9,925  
    JPMORGAN CHASE 2019-04 PURCHASE 2021-05   100,000 100,000        
    MCDONALDS CORP 2018-11 PURCHASE 2021-08   28,312 22,112     6,200  
    MICROSOFT CORP 2018-09 PURCHASE 2021-08   75,701 31,074     44,627  
    NY GO BONDS 2019-09 PURCHASE 2021-03   30,000 30,000        
    PRIMERICA INC 2019-01 PURCHASE 2021-12   102,317 100,668     1,649  
    PROCTOR AND GAMBLE 2020-03 PURCHASE 2021-11   23,915 18,334     5,581  
    SIMON PROPERTY GROUP 2020-04 PURCHASE 2021-08   10,134 9,996     138  
    STRYKER CORP 2018-11 PURCHASE 2021-10   125,440 81,903     43,537  
    THOMSEN REUTERS CORP 2020-03 PURCHASE 2021-03   101,130 68,640     32,490  
    VANGUARD FINANCIAL 2020-05 PURCHASE 2021-08   101,691 63,823     37,868  
    VERIZON COMMUNICATIONS 2018-10 PURCHASE 2021-12   78,379 89,352     -10,973  
    VIROQUA WI SCH DIST 2019-09 PURCHASE 2021-04   85,000 85,000        
    ZOETOS INC 2018-11 PURCHASE 2021-11   92,726 38,478     54,248  
    PRINCIPAL GLOBAL MULTI STRATEGY 2019-09 PURCHASE 2021-04   1,000 928     72  
    BLACKSTONE ALT MULTI STRATEGY 2019-09 PURCHASE 2021-04   1,000 1,030     -30  
    AMERICAN TOWER REIT 2020-03 PURCHASE 2021-03   20,391 22,146     -1,755  
    ALPHABET INC 2021-05 PURCHASE 2021-09   20,037 16,376     3,661  
    BALL CORP 2020-03 PURCHASE 2021-03   25,891 20,687     5,204  
    CARRIER GLOBAL CORP 2021-06 PURCHASE 2021-09   12,545 10,560     1,985  
    CAPITAL ONE 2021-06 PURCHASE 2021-08   1,621 1,600     21  
    COSTCO WHOLESALE 2020-08 PURCHASE 2021-08   1,304 1,018     286  
    CONSTELLATION BRANDS 2021-03 PURCHASE 2021-08   11,793 12,500     -707  
    CONOCOPHILLIPS 2021-06 PURCHASE 2021-11   3,864 3,071     793  
    CISCO SYSTEMS 2021-06 PURCHASE 2021-10   1,981 1,972     9  
    DUPONT DE NEMOURS 2021-03 PURCHASE 2021-08   52,850 56,194     -3,344  
    EQUITY RESIDENTIAL 2021-06 PURCHASE 2021-11   2,865 2,602     263  
    EXPEDIA GROUP 2021-03 PURCHASE 2021-11   5,427 5,296     131  
    FISERV INC 2020-05 PURCHASE 2021-05   43,123 41,465     1,658  
    GARMIN LTD 2021-02 PURCHASE 2021-08   1,301 1,060     241  
    HARRIS TECHNOLOGIES 2021-06 PURCHASE 2021-11   1,564 1,544     20  
    HILTON WORLDWIDE 2021-02 PURCHASE 2021-08   6,542 6,407     135  
    JPMORGAN CHASE 2021-01 PURCHASE 2021-08   1,368 1,234     134  
    LOCKHEED MARTIN CORP 2020-02 PURCHASE 2021-01   16,255 19,342     -3,087  
    MARVELL TECH 2021-07 PURCHASE 2021-11   5,958 5,027     931  
    PARKER HANNIFIN 2021-03 PURCHASE 2021-10   26,044 25,583     461  
    PEPSICO INC 2020-03 PURCHASE 2021-02   24,834 21,169     3,665  
    ROSS STORES INC 2021-03 PURCHASE 2021-05   12,260 12,078     182  
    SYLVAMO CORP 2021-05 PURCHASE 2021-10   1,134 1,603     -469  
    SHERWIN WILLIAMS 2021-07 PURCHASE 2021-11   1,595 1,410     185  
    TRUIST FINL CORP 2021-02 PURCHASE 2021-06   8,391 8,543     -152  
    UNION PACIFIC CORP 2020-08 PURCHASE 2021-05   8,506 7,958     548  
    VISA INC 2021-06 PURCHASE 2021-09   15,344 15,215     129  
    ABBOTT LABS 2019-11 PURCHASE 2021-08   1,460 1,020     440  
    AMAZON COM 2020-02 PURCHASE 2021-11   10,453 5,844     4,609  
    APROLOGIS INC 2020-02 PURCHASE 2021-10   4,437 3,270     1,167  
    AMERICAN TOWER REIT 2017-09 PURCHASE 2021-03   20,287 15,245     5,042  
    ALPHABET INC 2018-12 PURCHASE 2021-11   39,806 18,632     21,174  
    APPLE INC 2018-09 PURCHASE 2021-11   8,882 3,300     5,582  
    BALL CORP 2020-04 PURCHASE 2021-06   26,832 21,994     4,838  
    BLACKROCK INC 2020-02 PURCHASE 2021-10   21,141 13,233     7,908  
    CAPITAL ONC INC 2018-06 PURCHASE 2021-03   8,901 6,674     2,227  
    COSTCO WHOLESALE 2017-07 PURCHASE 2021-03   36,199 17,245     18,954  
    CONSTELLATION BRANDS 2020-02 PURCHASE 2021-10   54,747 47,284     7,463  
    CHEVRON CORP 2020-05 PURCHASE 2021-11   28,417 24,539     3,878  
    CITIGROUP INC 2020-02 PURCHASE 2021-11   3,400 3,750     -350  
    CISCO SYSTEMS 2019-08 PURCHASE 2021-02   13,055 13,924     -869  
    DANAHER CORP 2016-11 PURCHASE 2021-03   31,010 11,534     19,476  
    WALT DISNEY CO 2018-04 PURCHASE 2021-11   1,757 1,004     753  
    FISERV INC 2020-03 PURCHASE 2021-06   21,514 18,353     3,161  
    HONEYWELL INTL INC 2018-03 PURCHASE 2021-11   26,640 18,869     7,771  
    HILTON WORLDWIDE 2020-03 PURCHASE 2021-08   22,559 13,393     9,166  
    HOME DEPOT 2017-04 PURCHASE 2021-08   19,987 11,646     8,341  
    JPMORGAN CHASE 2018-09 PURCHASE 2021-11   13,967 10,342     3,625  
    LOCKHEED MARTIN CORP 2018-09 PURCHASE 2021-01   44,489 42,640     1,849  
    MICROSOFT CORP 2018-08 PURCHASE 2021-11   11,747 3,880     7,867  
    MICROCHIP TECHNOLOGY 2018-04 PURCHASE 2021-11   31,963 22,293     9,670  
    NEXTERRA ENERGY 2019-08 PURCHASE 2021-05   3,385 2,628     757  
    ROSS STORES 2019-07 PURCHASE 2021-06   57,174 49,069     8,105  
    TANTHAM INC 2019-07 PURCHASE 2021-08   22,950 18,952     3,998  
    TRUIST FINL 2020-02 PURCHASE 2021-11   7,132 6,043     1,089  
    THERMO FISHER SCIENTIFIC 2013-02 PURCHASE 2021-05   38,106 11,746     26,360  
    UNION PACIFIC CORP 2019-04 PURCHASE 2021-09   35,981 24,584     11,397  
    VISA INC 2018-05 PURCHASE 2021-11   17,490 12,159     5,331  
    VOETIS INC 2019-06 PURCHASE 2021-08   8,866 5,897     2,969  
    WALMART INC 2018-03 PURCHASE 2021-08   10,067 7,428     2,639  
    VEXTERRA ENERGY INC 2006-03 PURCHASE 2021-11   4,952 578     4,374  
    FIRST TRUST LOW DURATION 2020-05 PURCHASE 2021-05   67,275 67,415     -140  
    BRANDEYWINE GLOBAL 2021-06 PURCHASE 2021-08   915 925     -10  
    PGIM SHORT TERM 2020-09 PURCHASE 2021-08   9,255 9,287     -32  
    WELLS FARGO ULTRA SHORT 2021-02 PURCHASE 2021-05   54 54        
    BLACKROCK LOW DURATION 2021-02 PURCHASE 2021-05   59 59        
    THORNBUEG LTD TERM 2021-02 PURCHASE 2021-05   59 59        
    BLACKROCK HI YLD BOND 2021-06 PURCHASE 2021-08   460 460        
    VANGUARD SHORT TERM TREASURY 2020-03 PURCHASE 2021-05   62,619 63,112     -493  
    BRANDEYWINE GLOBAL 2019-04 PURCHASE 2021-08   35,039 30,728     4,311  
    PGIM SHORT TERM CORPORATE BOND 2019-08 PURCHASE 2021-05   63,890 62,597     1,293  
    BLACKROCK HI YLD BOND 2019-04 PURCHASE 2021-08   15,832 15,358     474  
    GENL MTRS FINL 3.45% 2017-03 PURCHASE 2021-12   50,000 50,000        
    CD CAPITAL ONE 2019-07 PURCHASE 2021-08   164,000 164,000        
    CD MORGAN STANLEY BK 2019-07 PURCHASE 2021-02   164,000 164,000        
    CD ALLY BANK 2018-08 PURCHASE 2021-08   65,000 65,000        
    CD BMW BANK 2019-01 PURCHASE 2021-01   100,000 100,000        
    CD MORGAN STANLEY 2019-02 PURCHASE 2021-02   85,000 85,000        
    CD ALLY BANK 2019-02 PURCHASE 2021-02   85,000 85,000        
    ISHARES RS 2000 GROWTH 2021-05 PURCHASE 2021-07   2,822 2,560     262  
    AMERICAN CENTURY SMALL CAP 2021-07 PURCHASE 2021-09   235 235        
    WELLS FARGO SPEC SMALL CAP 2021-05 PURCHASE 2021-11   1,045 992     53  
    JPMORGAN SMALL CAP GROWTH 2021-08 PURCHASE 2021-11   4,854 4,607     247  
    CARRILLON EAGLE SMALL CAP GROWTH 2021-05 PURCHASE 2021-08   37,400 35,246     2,154  
    CHARTWELL SMALL CAP VALUE 2021-05 PURCHASE 2021-07   40,767 42,314     -1,547  
    WELLS FARGO SMALL CO GROWTH 2021-05 PURCHASE 2021-07   5,963 5,439     524  
    FIDELITY 500 INDEX 2020-09 PURCHASE 2021-01   140,974 120,374     20,600  
    ISHARES 20+ YR TREASURY 2020-09 PURCHASE 2021-04   57,538 67,406     -9,868  
    ISHARES 20+ YR TREASURY 2020-09 PURCHASE 2021-07   13,659 15,125     -1,466  
    ISHARES CORE MSCI EMERGING 2020-10 PURCHASE 2021-03   10,829 9,458     1,371  
    JPMORGAN BETABUILDERS JAPAN 2021-01 PURCHASE 2021-10   79,303 80,182     -879  
    PGIM HIGH YIELD 2020-11 PURCHASE 2021-05   60,653 59,558     1,095  
    SIX CIRCLES US UNCONSTR EQ 2021-02 PURCHASE 2021-03   46,383 46,678     -295  
    SIX CIRCLES US UNCONSTR EQ 2021-02 PURCHASE 2021-04   42,755 39,925     2,830  
    SIX CIRCLES US UNCONSTR EQ 2021-02 PURCHASE 2021-08   65,599 56,517     9,082  
    SIX CIRCLES INTL UNCON EQ 2020-12 PURCHASE 2021-03   10,439 10,244     195  
    VANGUARD TOTAL BOND MARKET 2020-12 PURCHASE 2021-07   106,160 105,081     1,079  
    VANGUARD INT TERM CORPORATE 2020-11 PURCHASE 2021-01   95,240 94,209     1,031  
    FIDELITY 500 INDEX 2017-12 PURCHASE 2021-01   54,959 38,268     16,691  
    FIDELITY 500 INDEX 2017-12 PURCHASE 2021-02   243,767 166,158     77,609  
    FIDELITY 500 INDEX 2017-12 PURCHASE 2021-03   109,205 75,174     34,031  
    FIDELITY 500 INDEX 2017-12 PURCHASE 2021-04   140,659 90,478     50,181  
    FIDELITY 500 INDEX 2017-12 PURCHASE 2021-08   73,686 44,604     29,082  
    ISHARES 20+ YEAR TREASURY 2019-09 PURCHASE 2021-07   101,555 96,774     4,781  
    ISHARES CORE MSCI EAFE ETF 2019-04 PURCHASE 2021-03   15,947 13,841     2,106  
    ISHARES CORE MSCI EMERGING 2020-10 PURCHASE 2021-10   218,404 189,871     28,533  
    JPMORGAN BETABUILDERS JAPAN 2020-06 PURCHASE 2021-10   13,630 11,473     2,157  
    JPMORGAN BETABUILDERS CANADA 2018-08 PURCHASE 2021-03   13,106 11,051     2,055  
    PGIM HIGH YIELD 2020-04 PURCHASE 2021-04   193,658 161,266     32,392  
    PGIM HIGH YIELD 2020-04 PURCHASE 2021-05   153,558 131,235     22,323  
    VANGUARD TOTAL INTL BOND 2017-04 PURCHASE 2021-01   43,824 40,875     2,949  
    JPMORGAN BETABUILDERS EUROPE 2019-07 PURCHASE 2021-04   28       28  
    JPMORGAN BETABUILDERS JAPAN 2019-07 PURCHASE 2021-04   29       29  
    PMF FUND LP 2021-02 PURCHASE 2021-07     7     -7  
    PMF FUND LP 2020-02 PURCHASE 2021-07   5,067       5,067  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ML S/T BOND LADDER-4084 850,961 961,212

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JP MORGAN MANAGED ACCOUNT FMV 8,469,931 11,383,957
    MERRILL LYNCH PIA ACCOUNT FMV 3,691,401 4,922,134
    VINTAGE 2015 PRIVATE EQUITY FMV 665,545 742,355
    VINTAGE 2017 PRIVATE EQUITY FMV 359,913 474,440
    HPS MEZZANINE PARTNERS FUND FMV 383,222 408,998
    HPS MEZZANINE 2019 FMV 417,979 448,114
    BENEFIT PARTNERS DEBT FUND FMV 496,975 485,966
    LANDMARK PRIVATE EQUITY FMV 198,485 287,384
    HIGHBRIDGE CONVERTABLE FUND FMV 135,365 112,480
    BB&T MANAGED ACCOUNT FMV    
    INVESTMENT IN PMF FUND FMV    
    TRUIST MANAGED ACCOUNT FMV 6,670,154 8,882,211

    TY 2021 LandEtcSchedule2
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE BUILDING 53,861 46,825 7,036  
    FURNITURE AND EQUIPMENT 24,826 24,826    


    TY 2021 LegalFeesSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 3,057 3,057    


    TY 2021 OtherAssetsSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MISSISSIPPI MINERAL INTERESTS 329,225 329,225 567,798
    OKLAHOMA MINERAL INTERESTS 5,000 5,000 141,030
    MINERAL INTERESTS RESERVED 7 7 7


    TY 2021 OtherDecreasesSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Description Amount
    EXCISE TAX 14,687
    PRIOR PERIOD ADJUSTMENT 126


    TY 2021 OtherExpensesSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    DUES AND SUBSCRIPTIONS 1,516 1,516    
    INSURANCE EXPENSE 3,187 3,187    
    INVESTMENT ADVISORY EXPENSE 167,935 167,935    
    OFFICE SUPPLIES AND EXPENSE 12,013 12,013    
    OIL & GAS EXPENSES 3,927 3,927    
    OIL & GAS PRODUCTION TAX 28,215 28,215    
    SOFTWARE 9,381     9,381
    TRAVEL AND MEETING EXPENSE 450     450


    TY 2021 OtherIncomeSchedule2
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INC-VINTAGE 2015 83,342 83,342  
    PARTNERSHIP INC-MEZZANINE 45,307 45,307  
    PARTNERSHIP INC-VINTAGE 2017 41,960 41,960  
    PARTNERSHIP INC-BENEFIT PTRS 45,282 45,282  
    PARTNERSIP INC-MEZZANINE 2019 23,385 23,385  
    PARTNERSHIP INC-LANDMARK 17,981 17,981  
    PARTNERSHIP INC-HIGHBRIDGE 85,131 85,131  
    ROYALTIES 368,107 368,107  
    PMF FUND -423    


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE   2,785


    TY 2021 TaxesSchedule
    Name:
    THE ARMSTRONG FOUNDATION
    EIN:
    75-6003209
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN INCOME 6,099 6,099    
    REAL AND PERSONAL PROPERTY 1,759 1,759    
    STATE WITHHOLDING 1,816 1,816