TY 2021 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2021

Open to Public Inspection

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

Name of foundation
Way Foundation Inc

% Foundation Source

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

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

A Employer identification number

82-3325659

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$27,263,162J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	660,000
2	Check .............
3	Interest on savings and temporary cash investments	1,665		1,665
4	Dividends and interest from securities...	403,832		403,832
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,405,930
b	Gross sales price for all assets on line 6a 10,654,823
7	Capital gain net income (from Part IV, line 2)...			2,521,115
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).......		-20,882	764
12	Total. Add lines 1 through 11........	3,450,545		2,927,376
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		13,775	0	0	13,775
c	Other professional fees (attach schedule)....		73,408	73,408
17	Interest...............	1		1
18	Taxes (attach schedule) (see instructions)...		35,514	1,714
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		65,334	9,154		55,757
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	188,032		84,277	0	69,532
25	Contributions, gifts, grants paid.......	2,135,428				2,135,428
26	Total expenses and disbursements. Add lines 24 and 25	2,323,460		84,277	0	2,204,960
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,127,085
b	Net investment income (if negative, enter -0-)			2,843,099
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	849,633	996,446	996,446
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,893,051	1,168,119	1,195,567
	b	Investments—corporate stock (attach schedule).......	11,418,908	13,990,845	19,116,765
	c	Investments—corporate bonds (attach schedule).......	1,570,102	1,868,198	1,919,223
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,181,005	3,016,176	4,035,161
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	19,912,699	21,039,784	27,263,162
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	19,912,699	21,039,784
	29	Total net assets or fund balances (see instructions).....	19,912,699	21,039,784
	30	Total liabilities and net assets/fund balances (see instructions).	19,912,699	21,039,784

Part III

Analysis of Changes in Net Assets or Fund Balances

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

19,912,699

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

1,127,085

Other increases not included in line 2 (itemize) bullet

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

21,039,784

Decreases not included in line 2 (itemize) bullet

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

21,039,784

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b	Passthrough K1 Capital Gain/(Loss)
c	NINETEEN77 GLOBAL MERGER ARBITRAGE LTD	P	2018-08-27	2021-12-22
d	WHITEBOX MULTI-STRATEGY FUND,LTD	P	2018-08-28	2021-07-26
e	DISTRIBUTION IN EXCESS OF BASIS

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	9,973,489	7,829,620	2,143,869
b			181
c	674,281	500,000	174,281
d	7,053	0	7,053
e			195,731

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			2,143,869
b
c			174,281
d			7,053
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,521,115
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	39,519
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	39,519
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	41,546
b	Exempt foreign organizations—tax withheld at source......	6b	0
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	41,546
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	28
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,999
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax1,999	Refunded	11

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

Yes

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

Yes

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

and addresses. Click to see attachment

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

Yes

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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

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

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

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

16 No

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

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

Yes

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Ann Adornetto	Dir, VP 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, VP 1.0	0	0	0
Michael Adornetto	Dir, Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Treas 1.0	0	0	0
Susan Rupp	Member-at-Large 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Member-at-Large 1.0	0	0	0
Amy Yelland	Dir, Sec 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec 1.0	0	0	0
Steven Yelland	Dir, Pres 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 1.0	0	0	0

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


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










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

Form 990-PF (2021)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
Morgan Stanley	Investment MGMT	72,945
650 S Exeter St STE 100 BALTIMORE,MD21202	Investment MGMT	72,945
Foundation Source	Administrative	55,503
55 Walls Drive 3rd Fl Fairfield,CT06824	Administrative	55,503

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

21,193,697

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

1,113,120

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

4,052,720

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

26,359,537

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

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

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

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

26,359,537

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

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

395,393

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

25,964,144

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

1,298,207

Part X

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

and do not complete this part.)

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

1,298,207

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

39,519

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

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

39,519

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

1,258,688

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

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

1,258,688

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

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

1,258,688

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			1,258,688
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:2019, 2018, 2017
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......	117,196
f Total of lines 3a through e ........		117,196
4Qualifying distributions for 2021 from Part
XI, line 4: $ 2,204,960
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.....			1,258,688
e Remaining amount distributed out of corpus		946,272
5 Excess distributions carryover applied to 2021.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		1,063,468
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) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		1,063,468
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....	117,196
e Excess from 2021....	946,272

Form 990-PF (2021)

Page 10

Part XIII

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

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

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

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

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.

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

Check here bullet

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

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

Steven Yelland
1030 Wilson Ave
Hanover,PA17331
(610) 927-4550

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

APPLICATIONS SHOULD BE SUBMITTED IN THE FORM OF A LETTER AND SHOULD CONTAIN A SPECIFIC PROPOSAL. Please visit https://www.wayfoundationfamily.org/

cAny submission deadlines:

APPLICATIONS ARE ACCEPTED AT ANY TIME. Please visit https://www.wayfoundationfamily.org/

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

RANTS ARE MADE TO THOSE PUBLIC CHARITIES AND PRIVATE OPERATING FOUNDATIONS DETERMINED FROM TIME TO TIME BY THE BOARD OF DIRECTORS TO BE MOST DESERVINGOF THE FINANCIAL SUPPORT

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BOY SCOUTS OF AMERICA 701 WYMAN PARK DR BALTIMORE,MD21211	N/A	PC	Diamond Campaign	300,000
BOY SCOUTS OF AMERICA 1 BADEN POWELL LN MECHANICSBURG,PA17050	N/A	PC	Friend's of Scouting Campaign	10,000
CAL RIPKEN SR FOUNDATION INC 1427 CLARKVIEW RD STE 100 BALTIMORE,MD21209	N/A	PC	Ripken Foundation Programs	150,000
EICHELBERGER PERFORMING ARTS CENTER 195 STOCK ST STE 200 HANOVER,PA17331	N/A	PC	ForEver Eich Endowment Campaign	50,000
FOOD FIX CAMPAIGN INC 55 E MONROE ST STE 1460 CHICAGO,IL60603	N/A	PC	General & Unrestricted	250,000
GERSTELL ACADEMY INC 10706 BEAVER DAM RD COCKEYSVILLE,MD21030	N/A	PC	Annual Giving Fund	25,000
HOMEWOOD FOUNDATION INC 16107 ELLIOTT PKWY WILLIAMSPORT,MD21795	N/A	PC	Cultural Arts and Wellness Center	500,000
MOUNTAIN TRAILS FOUNDATION INC PO BOX 754 PARK CITY,UT84060	N/A	PC	General & Unrestricted	10,000
MT WASHINGTON PEDIATRIC HOSPITAL INC 1708 W ROGERS AVE BALTIMORE,MD21209	N/A	PC	Hope Heal Grow: Enhancing Our Future Care through The Ability Center	15,000
NATIONAL CENTER FOR FAMILY RECOVERY 607 E SEDGWICK ST PHILADELPHIA,PA19119	N/A	PC	National Center For Family Recovery (NCFFR)	66,000
NATIONAL CENTER FOR FAMILY RECOVERY 607 E SEDGWICK ST PHILADELPHIA,PA19119	N/A	PC	General & Unrestricted	65,668
NATIONAL INTERSCHOLASTIC CYCLING ASSOCIATION 21 ORINDA WAY STE C-368 ORINDA,CA94563	N/A	PC	Maryland NICA League	10,000
ORCHARD FRIENDS SCHOOL A NEW JERSEY NONPROFIT CORP 405 LINDEN AVE RIVERTON,NJ08077	N/A	PC	General & Unrestricted	90,000
ORCHARD FRIENDS SCHOOL A NEW JERSEY NONPROFIT CORP 405 LINDEN AVE RIVERTON,NJ08077	N/A	PC	OFS Best Practice and Thought Leadership Project	75,000
PALLET FOUNDATION 1421 PRINCE ST STE 340 ALEXANDRIA,VA22314	N/A	PC	General & Unrestricted	20,000
ROCHESTER INSTITUTE OF TECHNOLOGY 46 LOMB MEMORIAL DR ROCHESTER,NY14623	N/A	PC	Workplace Professionalism & Leader to Leader Program	30,000
RODALE INSTITUTE 611 SIEGFRIEDALE RD KUTZTOWN,PA19530	N/A	PC	Scaling research and education to positively impact agriculture and human health	20,000
SEMPER FIDO 131 KENNILWORTH RD MARLTON,NJ08053	N/A	PC	General & Unrestricted	25,000
THE COLLEGE SETTLEMENT OF PHILADELPHIA 600 WITMER RD HORSHAM,PA19044	N/A	PC	College Settlement's Campership Fund	20,000
UNIVERSITY OF DELAWARE 83 EAST MAIN ST 3RD FL NEWARK,DE19716	N/A	PC	General & Unrestricted	150,000
UNIVERSITY OF DELAWARE 83 EAST MAIN ST 3RD FL NEWARK,DE19716	N/A	PC	Student training in support of our soil health to human nutrition and well-being programs	40,000
UNIVERSITY OF DELAWARE 83 EAST MAIN ST 3RD FL NEWARK,DE19716	N/A	PC	Delaware First Campaign	100,000
USA BOBSLED SKELETON INC 196 OLD MILITARY RD LAKE PLACID,NY12946	N/A	PC	General & Unrestricted	10,000
VIRGINIA TECH FOUNDATION INC 902 PRICES FORK RD STE 4500 BLACKSBURG,VA24061	N/A	PC	General & Unrestricted	10,000
VIRGINIA TECH FOUNDATION INC 902 PRICES FORK RD STE 4500 BLACKSBURG,VA24061	N/A	PC	Support for CNRE Student Leadership Programs	23,760
VIRGINIA TECH FOUNDATION INC 902 PRICES FORK RD STE 4500 BLACKSBURG,VA24061	N/A	PC	Food Science & Technology Graduate Student Support	10,000
WOAR PHILADELPHIA CENTER AGAINST SEXUAL VIOLENCE 1617 JOHN F KENNEDY BLVD STE 800 PHILADELPHIA,PA19103	N/A	PC	Supporting Children and Youth Through Incidents of Bullying/Harassment/Sexual Harassment	10,000
WWP INC - WOUNDED WARRIOR PROJECT INC PO BOX 758517 TOPEKA,KS66675	N/A	PC	Mental Health & Wellness Programs for Wounded Warriors	30,000
YOUTH FOR UNDERSTANDING USA INC 3995 FASHION SQ BLVD STE 2 SAGINAW,MI48603	N/A	PC	Student Financial Aid	10,000
YOUTH FOR UNDERSTANDING USA INC 3995 FASHION SQ BLVD STE 2 SAGINAW,MI48603	N/A	PC	General & Unrestricted	10,000
Total ................................. 3a				2,135,428

bApproved for future payment

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

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	1,665
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 ............	525990	13,810	18	2,392,120
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss	525990	-21,709	14	827
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		-7,899		2,798,444

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

2,790,545

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2021)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Name of the organization

Way Foundation Inc

Employer identification number

82-3325659

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2021)

Schedule B (Form 990) (2021) Page 2

Name of organization Way Foundation Inc

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Yelland Sally 608 Morning Glory Dr Hanover, PA17331	$ 660,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 3

Name of organization Way Foundation Inc		Employer identification number 82-3325659

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 4


Name of organization Way Foundation Inc			Employer identification number 82-3325659
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2021)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2021 AccountingFeesSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Tax Return Preparation/Review	13,775			13,775

- TIN:

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

TY 2021 DepreciationSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

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

- TIN:

TY 2021 GeneralExplanationAttachment

Name:

Way Foundation Inc

EIN:

82-3325659

Identifier	Return Reference	Explanation
FORM 990-PF	Form 990-PF	PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $2,521,115 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $13,810 DISTRIBUTION NOT IN EXCESS OF BOOK BASIS NET GAIN/(LOSS): $(128,995) TOTAL PART I, LINE 6A: $2,405,930 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $9,973,489 BOOK BASIS: $7,829,620 NET GAIN/(LOSS): $2,143,869 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $181 SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $681,334 BOOK BASIS: $500,000 NET GAIN/(LOSS): $181,334 DISTRIBUTION IN EXCESS OF TAX BASIS NET GAIN/(LOSS): $195,731

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC - 3.200% - 11/21/20	37,445	37,457
ALEXANDRIA REAL ESTATE - 4.900	18,115	18,036
AMERICAN EXPRESS CO NOTE - 2.5	25,081	25,258
AMERICAN TOWER CORP - 1.600% -	5,010	4,952
AMERICAN TOWER CORP - 3.125% -	16,031	15,713
AMGEN INC - 2.200% - 02/21/202	36,481	35,847
ANHEUSER-BUSCH - 3.650% - 02/0	38,466	37,596
ANTHEM INC NOTE - 3.650% - 12/	33,331	38,423
AON CORP - 2.800% - 05/15/2030	32,746	30,948
APPLE INC - 2.850% - 02/23/202	68,810	71,464
AT&T INC - 4.125% - 02/17/2026	34,183	38,194
BK OF AMERICA CORP MTN CALL MA	55,646	52,696
BK OF AMERICA CORP SER N MTN -	5,022	5,080
BOSTON PPTYS - 3.800% - 02/01/	10,857	10,460
CITIGROUP INC - 3.200% - 10/21	50,893	58,315
COMCAST CORP - 3.150% - 03/01/	52,525	58,641
CVS CAREMARK CORP NOTE - 4.300	35,389	33,690
DISNEY WALT CO - 2.000% - 09/0	44,006	44,808
ENBRIDGE INC BOND - 4.000% - 1	14,990	15,662
EQUINIX INC NOTE CALL MAKE WHO	17,795	17,885
GENERAL MLS INC NOTE CALL MAKE	31,273	31,404
GILEAD SCIENCES INC - 1.200% -	38,386	38,689
GOLDMAN SACHS - 3.814% - 04/23	40,207	38,101
HOME DEPOT INC - 2.800% - 09/1	42,753	47,721
JP MORGAN CHASE - 2.580% - 04/	53,231	53,742
KENOSHA WIS GENL OBLIG TAXABLE	70,000	72,286
LINCOLN NATL CORP - 3.050% - 0	11,022	10,409
LOWES - 3.650% - 04/05/2029	33,154	32,917
MERCK &CO INC - 3.400% - 03/07	47,948	48,996
MICROSOFT CORP - 2.700% - 02/1	67,617	73,312
MUKWONAGO WIS SCH DIST WAUKESH	84,999	84,248
NEW YORK N Y CITY TRANSITIONAL	74,923	83,984
NEW YORK ST DORM AUTH REVS NON	25,000	25,192
NSTAR ELEC CO BOND CALL MAKE W	44,732	48,047
PALM SPRINGS CALIF - 1.070% -	45,000	44,422
PNC FINL SVCS - 3.500% - 01/23	30,715	31,418
PROLOGIS LP - 1.250% - 10/15/2	39,409	37,241
SALESFORCE COM INC NOTE CALL M	25,206	24,796
SCHLUMBERGER - 3.650% - 12/01/	35,224	36,561
SHELL INT'L FINANCE - 2.875% -	52,867	58,370
SIMON PPTY GROUP LP - 2.000% -	34,684	35,629
TEXAS A & M UNIV FINANCING SYS	81,117	86,310
TOTAL CAPITAL - 3.750% - 04/10	26,179	26,536
UNION PACIFIC CORP NOTE - 2.40	24,148	25,502
UNITEDHEALTH GROUP INC - 3.750	57,228	54,237
VERIZON COMMS - 4.329% - 09/21	35,024	34,106
WELLS FARGO & CO - 2.406% - 10	58,127	56,354
XCEL ENERGY INC - 4.000% - 06/	25,203	27,568

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	44,375	53,059
ABBVIE INC	50,713	59,982
ACCENTURE PLC	34,783	61,353
ADOBE SYSTEMS, INC	87,986	129,857
AIA GROUP LTD ADR	35,739	30,401
ALIBABA GROUP HOLDING LTD	83,734	54,881
ALLEGION PLC	56,441	74,829
ALPHABET INC CL A	101,263	205,690
AMAZON COM	138,463	190,057
AMEREN CORPORATION	18,033	21,184
AMERICAN ELECTRIC POWER INC	20,087	20,641
AMERICAN TOWER REIT INC	134,571	171,990
ANALOG DEVICES INC	127,672	147,295
ANSYS INC	38,915	62,575
ASPEN TECHNOLOGY, INC	42,826	67,120
AT&T, INC	16,634	13,899
AUTODESK, INC	117,149	113,320
AUTOMATIC DATA PROCESSING INC	30,605	44,631
AVALONBAY CMNTYS INC	12,602	19,449
AVERY DENNISON CORP	13,491	18,842
BANK OF AMERICA CORP	60,945	88,802
BECTON DICKINSON & CO	25,763	25,399
BENTLEY SYSTEMS INC CL B	39,967	57,754
BERKLEY W R CP	65,567	93,348
BEST BUY INC	13,349	13,106
BIO RAD LABS INC CL A	74,063	94,446
BLACKROCK INC	22,210	34,791
BLOCK INC	107,528	75,910
BRIGHT HORIZONS FAMILY SOLUTIO	69,072	58,660
BRISTOL-MYERS SQUIBB CO	21,037	21,324
BROADCOM INC	62,713	97,815
CADENCE DESIGN SYSTEMS INC	98,552	135,849
CDW CORP	58,454	113,858
CHARLES RIV LABORATORIES INTL	54,146	142,423
CHEMED CORP	57,015	66,659
CHEVRON CORP	43,624	53,042
CHINA MERCHANTS BANK	23,197	22,717
CHUBB LIMITED	30,367	43,881
CISCO SYSTEMS INC	52,482	77,818
CME GROUP, INC	28,947	36,782
CMS ENERGY CP	12,567	13,921
COMCAST CORP	52,576	68,902
CONOCOPHILLIPS	13,929	23,675
COOPER COMPANIES INC	73,295	100,127
COPART INC	46,161	98,098
COSAN ADR REPRESENTING	29,125	25,370
CREDICORP LTD	14,969	15,259
CROWN CASTLE INTL	18,958	24,631
CUMMINS INC	27,688	26,395
DANAHER CORP	106,266	179,639
DCT INDUSTRIAL TRUST INC	54,790	33,272
DEERE CO	24,587	30,860
DELIVERY HERO	18,831	15,350
DIGITAL RLTY TR INC	28,639	37,850
DTE ENERGY CO COM	11,027	13,030
DYNATRACE	77,942	105,371
EATON CORP PLC	23,610	33,873
EBAY INC	26,636	32,319
ECOLAB INC	81,691	88,910
EDWARDS LIFESCIENCES	76,031	115,300
ELANCO ANIMAL HEALTH INCORPORA	48,841	54,206
ELI LILLY & CO	34,252	56,349
ENPHASE ENERGY ORD SHS	54,059	53,967
ENTERGY CORP	16,250	15,996
EOG RESOURCES INC	17,262	27,360
EPAM SYSTEMS INC	43,709	53,476
EQUIFAX INC	54,696	110,967
ETSY INC	67,487	82,103
EVERSOURCE ENERGYINC	18,582	19,925
EXPONENT, INC	39,230	59,182
EXTRA SPACE STORAGE	14,100	28,795
EXXON MOBIL CORP	30,446	31,696
FAIR ISSAC & CO INC	28,906	40,765
FORTIVE CORPORATION	101,633	112,299
HDFC BANK LTD ADR	31,423	28,175
HENRY JACK & ASSOC INC	51,485	52,101
HOME DEPOT INC	118,737	209,580
HONEYWELL INTL	52,373	52,128
ICICI BK LTD ADS	37,958	40,510
IDEXX CORP	119,348	158,689
INTERACTIVE BROKERS GROUP, INC	54,921	80,850
INTERNATIONAL BUSINESS MACHINE	21,634	23,925
INTUIT	109,376	185,891
ISHARES DJ US TECH ETF	392,381	642,303
ISHARES MSCI KLD 400 SOCIAL IN	398,998	630,462
ISHARES S&P NORTH AMERICA TECH	409,671	616,384
ISHARES TRUST ISHARES MSCI EAF	879,628	962,817
ISHARES TRUST MSCI EAFE INDEX	317,558	410,238
JD.COM, INC	26,045	26,066
JOHNSON & JOHNSON	81,311	100,076
JP MORGAN CHASE	73,116	108,153
KLA TENCOR CORP	32,732	53,334
LAM RESEARCH CORP	37,604	54,655
LENNOX INTL INC	47,071	77,522
LINDE PLC COM	29,232	36,722
LOCKHEED MARTIN CORP	24,097	26,300
LPL FINANCIAL HOLDINGS INC	75,633	84,207
MARSH AND MCLENNAN COMPANIES I	38,453	65,704
MARTIN CURRIE SMA-SHARES SERIE	740,020	696,624
MARVELL TECHNOLOGY, INC	76,555	140,684
MCDONALD'S CORP	25,489	34,581
MEDTRONIC PLC	38,739	40,449
MEITUAN DIANPING UNSPONSORED A	53,149	46,421
MERCK & CO INC	45,960	45,754
MICROSOFT CORP	159,589	302,688
MINTH GROUP UNSPONSORED ADR RE	19,398	19,010
MONDELEZ INTERNATIONAL INC	20,153	22,744
MONOLITHIC POWER SYSTEMS, INC	89,650	120,373
MORGAN STANLEY	36,020	34,650
MORGAN STANLEY FIN LLC NT SX5E	1,000,000	1,613,300
MORGAN STANLEY FIN LLC NT SX5E	625,000	1,013,813
MSCI INC	148,665	244,463
NEXTERA ENERGY, INC	20,535	32,396
NIKE INC-CL B	91,677	108,502
NORDSON CP	58,494	103,129
NORTHERN TRUST CORPORATION	29,641	38,514
NORTHROP GRUMMAN CORP	40,384	46,835
NVIDIA CORP	84,467	170,584
OIL CO LUKOIL PJSC SPON ADR RE	23,330	23,528
PACKAGING CORP AMER	12,094	11,981
PARKER HANNIFIN CP	23,855	27,676
PEPSICO INC	37,107	44,643
PHILIP MORRIS INTL	27,441	31,445
PING AN INSURANCE GROUP ADR	35,611	28,737
PNC FINANCIAL GROUP INC	38,572	51,534
POOL CORP	49,559	143,198
PPG INDUSTRIES INC	16,444	17,072
PROCTER GAMBLE CO	56,396	73,447
PROSUS NV ADR	20,301	19,102
PT BANK RAKYAT ADR	21,302	22,931
PT TELEKOM. IND. TBK ADR	12,063	15,307
QUALCOMM INC	19,643	19,567
ROLLINS INC	34,749	47,826
SBERBANK SPONSORED ADR	21,896	21,389
SCOTTS CO. CLASS A	87,614	122,199
SEA LTD	27,286	23,937
SERVICE NOW	100,085	122,682
SITEONE LANDSCAPE SUPPLY INC	44,097	140,765
STARBUCKS CORP COM	79,103	90,301
STARWOOD REAL ESTATE INCOME TR	1,128,056	1,416,906
SUNNY OPTICAL TECHNOLOGY GROUP	19,830	21,208
T. ROWE PRICE GROUP	29,330	38,541
TAIWAN SEMICONDUCTOR MFG CO LT	126,444	128,732
TARGET CORPORATION	60,023	76,838
TE CONNECTIVITY LTD	24,687	31,784
TELEDYNE TECH INC	34,480	35,825
TENCENT HOLDINGS LIMITED	115,413	101,792
TERADYNE INC	50,608	131,642
TEXAS INSTRUMENTS INC	42,216	60,499
THE COCA-COLA CO	40,368	43,815
THE HERSHEY COMPANY	13,593	17,412
THERMO FISHER SCIENTIFIC INC	85,169	164,808
THOR INDS INC	41,766	85,195
TJX COMPANIES INC	15,839	17,841
TRANE TECHNOLOGIES PLC	40,723	56,366
UNION PACIFIC	50,560	80,366
UNITED PARCEL SERVICE	41,378	50,370
UNITEDHEALTH GROUP INC	165,498	268,645
US BANCORP	35,188	41,847
VALERO ENERGY CORP	13,842	13,820
VERISK ANALYTICS, INC	131,784	154,621
VERIZON COMMUNICATIONS	34,701	30,708
VISA INC	132,695	159,065
WAL-MART STORES INC	25,085	24,887
WASTE MANAGEMENT INC	31,298	45,564
WEC ENERGY GROUP, INC	22,532	24,365
WEST PHARMA SVCS INC	88,638	146,800
XCEL ENERGY INC	21,610	22,612
XINYI SOLAR HOLDINGS ADR	14,686	12,771
ZEBRA TECHNOLOGIES CORP	56,036	164,870

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

Way Foundation Inc

EIN:

82-3325659

US Government Securities - End of Year Book Value:

933,533

US Government Securities - End of Year Fair Market Value:

946,191

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

234,586

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

249,376

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

Way Foundation Inc

EIN:

82-3325659

Category/ Item	Book Value	End of Year Fair Market Value
BC INDUSTRIAL REIT IV INC	1,022,002	1,230,969
BLACKSTONE REAL ESTATE INCOME	1,139,936	1,457,294
CARLYLE GLOBAL INFRA OPP FUND	129,838	347,167
GRAHAM ABSOLUTE RETURN LTD. CL	495,750	551,369
LIGHT STREET XENON, LTD. SERIE		16,724
STRATEGIC PARTNERS OFFSHORE VI	228,650	431,638

- TIN:

TY 2021 OtherExpensesSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	55,503		55,503
Bank Charges	529	529
K-1 Exp CARLYLE GLOBAL INFRA O	9,048	8,625
Website Hosting/Support	254		254

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

Way Foundation Inc

EIN:

82-3325659

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
K-1 Inc/Loss CARLYLE GLOBAL INFRA OPP FUND ACCESS,	-20,882	764

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	73,408	73,408

- TIN:

TY 2021 SubstantialContributorsSch

Name:

Way Foundation Inc

EIN:

82-3325659

Name	Address
Yelland Sally	608 Morning Glory Dr Hanover,PA17331

- TIN:

TY 2021 TaxesSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2021	33,800
Foreign Tax Paid	1,714	1,714