Form990-PF
Click to see attachment
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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 ASSISI FOUNDATION OF MEMPHIS INC
 
Number and street (or P.O. box number if mail is not delivered to street address)515 ERIN DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MEMPHIS, TN38117
A Employer identification number

62-1558722
B Telephone number (see instructions)

(901) 684-1564
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$238,137,134J 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 5,788 5,788  
4 Dividends and interest from securities... 3,401,956 3,401,956  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 29,444,067
b Gross sales price for all assets on line 6a 99,239,534
7 Capital gain net income (from Part IV, line 2)... 29,444,067
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 32,851,811 32,851,811  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 288,603 144,301   144,302
14 Other employee salaries and wages...... 407,575 44,116   363,459
15 Pension plans, employee benefits....... 68,789 23,552   45,237
16a Legal fees (attach schedule)......... Click to see attachment 440 220   220
b Accounting fees (attach schedule)....... Click to see attachment 41,968 30,968   11,000
c Other professional fees (attach schedule).... Click to see attachment 640,743 640,743    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 432,795 432,795    
19 Depreciation (attach schedule) and depletion... Click to see attachment 108,695    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,293 1,500   1,793
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 335,729 127,616   208,113
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,328,630 1,445,811   774,124
25 Contributions, gifts, grants paid....... 10,320,838 10,995,830
26 Total expenses and disbursements. Add lines 24 and 25 12,649,468 1,445,811   11,769,954
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 20,202,343
b Net investment income (if negative, enter -0-) 31,406,000
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......... 23,767,536 1,613,580 1,613,580
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 12,205 12,791 12,791
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 116,618,599 180,215,893 180,215,893
c Investments—corporate bonds (attach schedule)....... 31,175,738 48,586,117 48,586,117
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 51,226,350 4,985,228 4,985,228
14 Land, buildings, and equipment: basis bullet4,769,097
Less: accumulated depreciation (attach schedule) bullet2,045,572 2,816,115 Click to see attachment2,723,525 2,723,525
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 225,616,543 238,137,134 238,137,134
Liabilities 17 Accounts payable and accrued expenses.......... 386,257 192,813
18 Grants payable................. 1,843,152 1,168,160
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
23 Total liabilities (add lines 17 through 22)......... 2,229,409 1,360,975
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........... 223,387,134 236,776,159
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    
29 Total net assets or fund balances (see instructions)..... 223,387,134 236,776,159
30 Total liabilities and net assets/fund balances (see instructions). 225,616,543 238,137,134
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
223,387,134
2
Enter amount from Part I, line 27a .....................
2
20,202,343
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
243,589,477
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
6,813,318
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
236,776,159
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P 2020-01-01 2021-01-01
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 99,239,534   69,795,467 29,444,067
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       29,444,067
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 29,444,067
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........................... 3 436,543
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- ..... 5 436,543
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 350,000
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.............. 7 350,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 86,543
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 taxBullet0 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)
    bulletTN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJAN YOUNG Telephone no.bullet (901) 684-1564

    Located atbullet515 ERIN DRIVEMEMPHISTN ZIP+4bullet38117
    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
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    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
    JACK A BELZ DIRECTOR
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    THOMAS C FARNSWORTH III Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    MICHAEL J BRUNS Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    LEE J CHASE III Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    CAROL JOHNSON DEAN Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    MOLITOR FORD JR Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    MARVIN DAVIS Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    RONALD A BELZ Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    WILLIAM E FRULLA DIRECTOR
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    THOMAS W SCHERER DIRECTOR
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    BARBARA DAUSH Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    ELLEN KLYCE Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    BEVERLY ROBERTSON Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    CHARLES D SCHAFFLER DIRECTOR
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    FRANK GUSMUS Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    CATO JOHNSON Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    MARTIN F THOMPSON Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    PHILIP R ZANONE JR DIRECTOR
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    NANCY LANIGAN Secretary
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    PEGGY VEESER Chairman
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    ROBERT GOOCH Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    JAN YOUNG Executive Direc
    45.00     		288,603 36,075  
    515 ERIN DRIVE
    MEMPHIS,TN38117
    SUSAN AGUILLARD Director
    1.00     		0    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    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
    ERNESTINE SMITH PROGRAMS MGR
    40.00     		96,456    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    COLBY T WAMBLE GRANTS MGR
    40.00     		76,200    
    515 ERIN DR
    MEMPHIS,TN38117
    TIFFANIE GRIER PROGRAMS MGR
    40.00     		72,750    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    ELISE MCKELVEY PROGRAMS MGR
    40.00     		65,600    
    515 ERIN DRIVE
    MEMPHIS,TN38117
    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
    DIXON HUGHES GOODMAN AUDIT FIRM 41,968
    999 SOUTH SHADY GROVE ROAD STE 400
    MEMPHIS,TN38120
    CAPITAL GROUP INVESTMENTS INVESTMENT MANAGER 367,304
    ONE PERSHING PLAZA
    JERSEY CITY,NJ07399
    GANT SYSTEMS COMPUTER SERVICE 35,428
    7622 BARTLETTCORP DRIVE
    BARTLETT,TN38133
    MICHAEL HATCHER ASSOCIATES LAWN MAINTENANCE 18,713
    8365 CENTER HILL ROAD
    OLIVE BRANCH,MS38654
    VANGUARD INVESTMENTS OCIO INVESTMENT MGR 158,793
    PO BOX 3009
    MONROE,WI53566
    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)
    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
    221,747,078
    b
    Average of monthly cash balances.......................
    1b
    9,325,806
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,721,008
    d
    Total (add lines 1a, b, and c).........................
    1d
    233,793,892
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    233,793,892
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    3,506,908
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    230,286,984
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    11,514,349
    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
    11,514,349
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    436,543
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    436,543
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,077,806
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    11,077,806
    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
    11,077,806
    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 11,077,806
    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...... 731,794
    b From 2017...... 393,571
    c From 2018...... 872,121
    d From 2019...... 1,254,756
    e From 2020...... 2,797,851
    f Total of lines 3a through e ........ 6,050,093
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 11,769,954
    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)........     		0
    d Applied to 2021 distributable amount..... 11,077,806
    e Remaining amount distributed out of corpus 692,148
    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 6,742,241
    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) ...     		731,794
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		6,010,447
    10 Analysis of line 9:
    a Excess from 2017.... 393,571
    b Excess from 2018.... 872,121
    c Excess from 2019.... 1,254,756
    d Excess from 2020.... 2,797,851
    e Excess from 2021.... 692,148
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE ASSISI FOUNDATION OF MEMPHIS IN
    515 ERIN DRIVE
    MEMPHIS,TN38117
    (901) 684-1564
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ATTACHMENT 3
    cAny submission deadlines:
    SEE ATTACHMENT 3
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE ATTACHMENT 3
    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
    MEMPHIS TEACHER RESIDENCY
    1350 CONCOURSE AVE SUITE 366
    MEMPHIS,TN38104     		    RESIDENCY PROGRAM 40,000
    STAND FOR CHILDREN LEADERSHIP CENTE
    1350 CONCOURSE AVE SUITE 434
    MEMPHIS,TN38104     		    EQUITABLE EDUCATION 125,000
    MEMPHIS FOURTH ESTATE
    429 NORTH MAIN STREET
    MEMPHIS,TN38103     		    DAILY MEMPHIAN 100,000
    AFM INITIATIVES
    515 ERIN DRIVE
    MEMPHIS,TN38117     		    BOD AFM INITIATIVES 480,774
    GIRLS INC OF MEMPHIS
    1568 ROBIN HOOD LANE
    MEMPHIS,TN38111     		    THE CHAMPION FOR GIRLS CAMPAIGN FOR GROWTH 250,000
    BAPTIST MEMORIAL HOSPITAL
    350 N HUMPHREYS BLVD
    MEMPHIS,TN38120     		    THE COTTAGE 250,000
    SHELBY RESIDENTIAL VOCATIONAL SERVI
    3971 KNIGHT ARNOLD ROAD
    MEMPHIS,TN38118     		    EXPANDING INDEPENDENCE COACH MODEL 50,000
    BOY SCOUTS OF AMERICA CHICKASAW COU
    171 SOUTH HOLLYWOOD
    MEMPHIS,TN38112     		    SCOUTING DESERTS 32,500
    WREG
    803 CHANNEL 3 DRIVE
    MEMPHIS,TN38103     		    KNOWLEDGE BOWL 15,000
    URBAN ART COMMISSION
    422 NORTH CLEVELAND STREET
    MEMPHIS,TN38104     		    UAC OPERATING SUPPORT 40,000
    INDIE MEMPHIS
    1910 MADISON AVENUE 632
    MEMPHIS,TN38104     		    OPERATING SUPPORT 50,000
    COMMUNITY LIFT CORP
    119 COURT SUITE 100
    MEMPHIS,TN38103     		    BUILDING THE SECTOR + DEMONSTRATING MEMPHIS 3.0 100,000
    CONCORD ACADEMY
    4942 WALNUT GROVE ROAD
    MEMPHIS,TN38117     		    TRANSITION TO SUCCESS 32,000
    CHRISTIAN BROTHERS UNIVERSITY
    650 EAST PARKWAY SOUTH BOX 104
    MEMPHIS,TN38104     		    DATA DRIVEN STUDENT SUCCESS INITIATIVE 250,000
    CHALKBEAT TENNESSEE
    450 7TH AVENUE 32ND FLOOR
    NEW YORK,NY10123     		    CHALKBEAT TN 50,000
    JUNIOR ACHIEVEMENT OF MEMPHIS
    PO BOX 1015
    CORDOVA,TN38088     		    CHANGING THE NARRATIVE 85,000
    COMMUNITY LEGAL CENTER
    243 ADAMS AVENUE
    MEMPHIS,TN38103     		    INNOVATION IN IMMIGRATION LEGAL SERVICES 53,968
    VOLUNTEER ODYSSEY
    111 SOUTH HIGHLAND STREET
    MEMPHIS,TN38111     		    VOLUNTEER EXPERIENCE 75,000
    MERITAN INC
    345 ADAMS AVENUE
    MEMPHIS,TN38103     		    ELDER ABUSE VICTIM SERVICES 108,337
    MEMPHIS RIVER PARKS PARTNERSHIP
    22 NORTH FRONT STREET SUITE 960
    MEMPHIS,TN38103     		    TOM LEE PARK 1,000,000
    FOUNDATION FOR FINANCIAL OFFICERS
    19 MANTUA ROAD
    MT ROYAL,NJ08061     		    2022 DUES 2,050
    OUTMEMPHIS
    892 S COOPER STREET
    MEMPHIS,TN38104     		    METAMORPHOSIS PROJECT 50,000
    RESOURCE REDISTRIBUTION MINISTRY
    155 NORTH MAIN SUITE 202
    COLLIERVILLE,TN38017     		    VAN PURCHASE 25,000
    MEMPHIS EQUITY THROUGH ARTS
    PO BOX 1926
    MEMPHIS,TN38101     		    IN-SCHOOLS PROGRAM 30,000
    FIRE MUSEUM OF MEMPHIS
    118 ADAMS AVENUE
    MEMPHIS,TN38103     		    MEMPHIS FIRSTS 25,000
    SHELBY COUNTY SHERIFF'S OFFICE
    201 POPLAR AVENUE SUITE 9-02
    MEMPHIS,TN38103     		    SWAT MINI ROBOT 49,450
    ORPHEUM THEATRE GROUP
    203 SOUTH MAIN STREET
    MEMPHIS,TN38103     		    GENERAL OPERATING FUNDS 50,000
    ADVOCATES FOR IMMIGRANT RIGHTS
    3000 WALNUT GROVE ROAD SUITE 302
    MEMPHIS,TN38111     		    DEVELOPMENT DIRECTOR 55,000
    MEMPHIS FILMWORKS INC
    1350 CONCOURSE AVE SUITE 434
    MEMPHIS,TN38104     		    OUR NEIGHBORS, OUR STORIES 50,000
    SOULSVILLE FOUNDATION INC
    926 EAST MCLEMORE AVENUE
    MEMPHIS,TN38106     		    TECHNOLOGY UPDATE 142,911
    HIGH GROUND NEWS FUND
    1900 UNION AVENUE
    MEMPHIS,TN38104     		    NEIGHBORHOOD JOURNALISM 150,000
    OVERTON PARK CONSERVANCY
    PO BOX 42189
    MEMPHIS,TN38174     		    MASTER PLAN 120,000
    BRIDGES USA
    477 N FIFTH STREET
    MEMPHIS,TN38105     		    SOCIAL/EMOTIONAL WELLNESS 139,500
    CITY OF MEMPHIS
    2599 AVERY AVENUE 2ND FLOOR
    MEMPHIS,TN38112     		    PARK RANGERS 150,000
    SHELBY FARMS PARK CONSERVANCY
    6903 GREAT VIEW DRIVE NORTH
    MEMPHIS,TN38134     		    TRAIL SAFETY PROJECT 75,000
    OPERA MEMPHIS
    6745 WOLF RIVER PARKWAY
    MEMPHIS,TN38120     		    HANDORF COMPANY ARTIST PROGRAM 500,000
    MY CITY RIDES
    376 N CLEVELAND STREET SUITE 107
    MEMPHIS,TN38104     		    CAMPUS CAPITAL CAMPAIGN 250,000
    UNITED HOUSING INC
    2750 COLONY PARK DRIVE
    MEMPHIS,TN38118     		    EXPANDING EQUITABLE LENDING SOLUTIONS 100,000
    UNIVERSITY OF MEMPHIS
    405 ADMINISTRATION BLDG
    MEMPHIS,TN38152     		    INFLUENCING FIRST GENERATION SUCCESS 100,000
    MEMPHIS SHELBY CRIME COMMISSION
    600 JEFFERSON STREET SUITE 400
    MEMPHIS,TN38105     		    NEIGHBORHOOD SAFETY INITIATIVE 50,000
    CHRISTIAN BROTHERS HIGH SCHOOL
    5900 WALNUT GROVE ROAD
    MEMPHIS,TN38120     		    WHITMAN FAMILY TUITION ASSISTANCE FUND 10,000
    BOYS GIRLS CLUB OF HATCHIE RIVER
    412 C ALSTON CIRCLE
    COVINGTON,TN38019     		    PROJECT LEARN 30,000
    TECH901
    1350 CONCOURSE AVE 375
    MEMPHIS,TN38104     		    ADULT IT JOB TRAINING 56,000
    LIBERTAS SCHOOL
    3777 EDENBURG DRIVE
    MEMPHIS,TN38127     		    MONTESSORI TEACHER RESIDENCY 69,500
    MEMPHIS ORAL SCHOOL FOR THE DEAF
    7901 POPLAR AVENUE
    GERMANTOWN,TN38138     		    GAP FUNDING TO ADVANCE EDUCATIONAL OUTCOMES FOR CHILDREN 100,000
    MADONNA LEARNING CENTER
    7007 POPLAR AVENUE
    GERMANTOWN,TN38138     		    HEALTHY LIVING 2021 AND BEYOND 200,000
    WOMEN'S FOUNDATION OF GREATER MEMPH
    40 SOUTH MAIN STREET SUITE 2280
    MEMPHIS,TN38103     		    SOUTH CITY'S DIGITAL COMMUNITY INITIATIVE 75,000
    MOMENTUM NONPROFIT PARTNERS
    630 SOUTH COOPER STREET
    MEMPHIS,TN38104     		    BUILDING CAPACITY IN NONPROFITS 200,000
    MEMPHIS FAMILY CONNECTION CENTER
    815 NORTH MCLEAN BLVD
    MEMPHIS,TN38107     		    BUILDING CAPACITY 25,000
    THE UNIVERSITY OF TENNESSEE FOUNDAT
    1525 UNIVERSITY AVENUE
    KNOXVILLE,TN37921     		    THE BIG INITIATIVE 1,500,000
    TENNESSEE INNOCENCE PROJECT
    700 CRAIGHEAD STREET SUITE 300
    NASHVILLE,TN37212     		    EXONERATING THE INNOCENT 40,000
    FADICA
    1875 K STREET NW SUITE 400
    WASHINGTON,DC20006     		    2022 DUES 10,000
    CENTER FOR EFFECTIVE PHILANTHROPY
    675 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02139     		    2022 DUES 10,000
    SOUTHEASTERN COUNCIL OF FOUNDATIONS
    100 PEACHTREE STREET 2080
    ATLANTA,GA30303     		    2022 DUES 12,500
    GRANTMAKERS FOR EFFECTIVE ORGANIZAT
    1310 L STREET NW SUITE 650
    WASHINGTON,DC20005     		    2022 DUES 5,090
    ST JUDE CHILDREN'S RESEARCH HOSPITA
    262 DANNY THOMAS PLACE
    MEMPHIS,TN38105     		    CELL + GENE THERAPY 825,000
    LE BONHEUR CHILDREN'S HOSPITAL FOUN
    850 POPLAR AVE BLDG 2
    MEMPHIS,TN38105     		    RESEARCH INSTITUTE 1,000,000
    GREEN AND HEALTHY HOMES INITIATIVE
    600 JEFFERSON STREET SUITE 334
    MEMPHIS,TN38105     		    GREEN + HEALTHY HOMES INITIATIVE MEMPHIS/SHELBY COUNTY 450,000
    BINGHAMPTON DEVELOPMENT CORPORATION
    280 TILLMAN
    MEMPHIS,TN38112     		    BDC BUSINESS HUB 400,000
    YOUTH MEMPHIS
    3320 BROTHER BLVD
    MEMPHIS,TN38133     		    MEMPHIS ALLIES 250,000
    CATHOLIC CHARITIES OF WEST TENNESSE
    1325 JEFFERSON AVENUE
    MEMPHIS,TN38104     		    CREATING COMMUNITIES WITH OUR NEIGHBORS 90,000
    CHRISTIAN BROTHERS HIGH SCHOOL
    5900 WALNUT GROVE ROAD
    MEMPHIS,TN38120     		    BROTHERS FIELDHOUSE 250,000
    PEER POWER FOUNDATION
    330 INNOVATION DRIVE
    MEMPHIS,TN38152     		    SUMMER 2021 SUCCESS COACH 48,000
    VARIOUS CHARITIES
    515 ERIN DRIVE
    MEMPHIS,TN38117     		    2021 GIVING 38,250
    Total .................................bullet 3a 10,995,830
    bApproved for future payment
    AFM INITIATIVES
    515 ERIN DRIVE
    MEMPHIS,TN38117     		    BOD ASSISI INITIATIVES 171,110
    URBANART COMMISSION
    422 NORTH CLEVELAND STREET
    MEMPHIS,TN38104     		    UAC OPERATING SUPPORT 40,000
    UNIVERSITY OF MEMPHIS FOUNDATION
    405 ADMINISTRATION BUILDING
    MEMPHIS,TN38152     		    RIVER CITY PARTNERSHIP 500,000
    BOYS GIRLS CLUB OF HATCHIE RIVER
    412 C ALSTON CIRCLE
    COVINGTON,TN38019     		    PROJECT LEARN 30,000
    MOMENTUM NONPROFIT PARTNERS
    630 SOUTH COOPER STREET
    MEMPHIS,TN38104     		    BUILDING CAPACITY IN NONPROFITS 400,000
    CENTER FOR TRANSFORMING COMMUNITIES
    258 NORTH MERTON
    MEMPHIS,TN38112     		    COMMUNITYVOICE: LIVE! 25,000
    FOUNDATIONS FOR FINANCIAL OFFICERS
    19 MANTUA ROAD
    MT ROYAL,NJ08061     		    2022 DUES 2,050
    Total .................................bullet 3b 1,168,160
    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 5,788  
    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 ............     		        29,444,067
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   3,407,744 29,444,067
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    32,851,811
    (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: 21013475
    Software Version: 2021v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE ASSISI FOUNDATION OF MEMPHIS INC
    EIN:
    62-1558722
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDITING FEES 41,968 30,968 0 11,000

    TY 2021 ContractorCompensationExpln
    Name:
    THE ASSISI FOUNDATION OF MEMPHIS INC
    EIN:
    62-1558722
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Contractor Explanation
    CAPITAL GROUP INVESTMENTS INVESTMENT MANAGER FEES
    DIXON HUGHES GOODMAN ANNUAL AUDIT FEES
    GANT SYSTEMS COMPUTER BACKUP AND SERVICE
    MICHAEL HATCHER ASSOCIATES LAWN MAINTENANCE
    VANGUARD INVESTMENTS INVESTMENT MANAGER FEES

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

    TY 2021 DepreciationSchedule
    Name:
    THE ASSISI FOUNDATION OF MEMPHIS INC
    EIN:
    62-1558722
    Software ID:
    21013475
    Software Version:
    2021v4.0
    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
    Building 2004-11-22 2,224,942 917,554 SL 39.0000 57,050      
    Electrical Work 2005-11-28 4,247 1,644 SL 39.0000 109      
    Linkous Construction Cost 2005-03-07 43,097 17,496 SL 39.0000 1,105      
    Various Building Costs 2005-12-31 14,355 5,520 SL 39.0000 368      
    Bathrooms Renovation 2006-12-01 72,388 26,139 SL 39.0000 1,856      
    Improvements 2007-12-31 12,408 4,134 SL 39.0000 318      
    A/C Compressors 2008-07-21 9,226 2,953 SL 2.56 % 237      
    New Building Flooring 2008-12-16 36,118 11,151 SL 2.56 % 926      
    New Flooring 2009-12-31 3,300 939 SL 2.56 % 85      
    RESURFACE FLOORS 2010-05-10 8,200 2,232 SL 2.56 % 210      
    ASPHALT PARKING LOT 2010-10-14 5,312 1,388 SL 2.56 % 136      
    HVAC SYSTEM 2011-10-06 57,743 13,638 SL 2.56 % 1,481      
    FLOORING 2011-10-06 20,930 4,945 SL 2.56 % 537      
    OFFICE FURNITURE 2014-12-31 5,368 4,698 SL 12.50 % 670      
    PLANTATION SHUTTER/BLINDS 2014-12-31 7,094 6,209 SL 12.50 % 885      
    BAMBOO WOOD FLOORING 2014-12-31 9,628 1,492 SL 2.56 % 247      
    OFFICE FURNITURE 2015-02-15 13,983 11,736 SL 14.29 % 1,998      
    LIGHTING FIXTURES 2015-02-26 19,988 16,775 SL 14.29 % 2,856      
    WINDOW BLINDS 2015-03-04 7,094 5,955 SL 14.29 % 1,014      
    OFFICE FURNITURE 2015-03-04 4,550 3,819 SL 14.29 % 650      
    OFFICE CHAIRS 2015-03-04 1,862 1,563 SL 14.29 % 266      
    LIFT CABINETS 2015-12-15 6,669 4,882 SL 14.29 % 953      
    WATER HEATER 2015-01-27 5,975 3,513 SL 10.00 % 598      
    BOARD ROOM RENOVATION 2015-04-30 18,884 10,620 SL 10.00 % 1,888      
    LIGHTING CONVERSION 2015-05-05 14,660 8,246 SL 10.00 % 1,466      
    LIBRARY FLOORING 2015-09-30 9,541 5,128 SL 10.00 % 954      
    OFFICE FURNITURE 2016-05-03 266 171 SL 14.28 % 38      
    BUILDING ROOF 2016-09-28 38,723 4,220 SL 39.0000 993      
    ASPHALT PAVING PARKING LO 2016-09-06 24,620 5,540 SL 5.00 % 1,231      
    BUILDING ALARM 2017-05-09 15,733 7,866 SL 14.29 % 2,248      
    OFFICE FURNITURE 2017-08-30 275 137 SL 14.29 % 39      
    TECHNOLOGY EQUIPMENT 2017-10-26 2,049 1,025 SL 14.29 % 293      
    BOARD ROOM CHAIRS 2018-10-04 14,186 4,307 SL 14.29 % 2,027      
    BOARD ROOM PROJECTION SYS 2018-12-11 43,039 13,066 SL 14.29 % 6,150      
    7 DELL OFFICE COMPUTERS 2018-12-27 8,793 2,670 SL 14.29 % 1,257      
    BOARD ROOM PROJECTION SYS 2019-01-31 4,132 1,107 SL 14.28 % 590      
    SECURITY CAMERAS + INSTAL 2019-04-09 9,220 2,141 SL 14.28 % 1,317      
    LIBRARY CABINET 2019-07-30 175 34 SL 14.28 % 25      
    BOARD ROOM CHAIRS 2019-10-01 17,870 2,874 SL 14.28 % 2,552      
    COMPUTER EQUIPMENT 2020-07-07 1,404 140 SL 20.00 % 281      
    AIR IONIZER 2020-12-15 5,575 279 SL 10.00 % 558      
    OFFICE CHAIRS 2020-03-05 4,307 308 SL 14.29 % 615      
    VALUE STREAM SALESFORCE SOFTWARE 2020-06-23 25,410 4,236 SL 33.33 % 8,469      
    NETWORK EQUIPMENT + INSTALL 2021-08-24 12,640   SL 7.14 % 902      
    ALARM SYSTEM 2021-11-02 2,373   SL 7.14 % 169      
    WINDOW BLINDS 2021-12-02 1,090   SL 7.14 % 78      

    TY 2021 LandEtcSchedule2
    Name:
    THE ASSISI FOUNDATION OF MEMPHIS INC
    EIN:
    62-1558722
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 627,316 452,640 174,676  
    Machinery and Equipment 376,214 313,079 63,135  
    Buildings 2,609,677 1,120,287 1,489,390  
    Land 983,377   983,377  
    Miscellaneous 172,513 159,566 12,947 2,723,525


    TY 2021 LegalFeesSchedule
    Name:
    THE ASSISI FOUNDATION OF MEMPHIS INC
    EIN:
    62-1558722
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      440 220 0 220


    TY 2021 OtherExpensesSchedule
    Name:
    THE ASSISI FOUNDATION OF MEMPHIS INC
    EIN:
    62-1558722
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ALARM MONITORING/BUILDING SECURITY 3,344 1,672   1,672
    BANK CHARGES 892 446   446
    BENEFITS & PAYROLL TAXES 94,959 25,700   69,259
    BOARD EXPENSE 21,232 10,616   10,616
    COMPUTER EXPENSE 26,207 13,103   13,104
    EQUIPMENT RENTALS & LEASES 11,605 5,802   5,803
    GRANT SUPPORT & EVALUATION 36,272     36,272
    INSURANCE - PROP/D&O/GEN'L LIAB 33,708 16,854   16,854
    JANITORIAL SERVICE 14,330 7,165   7,165
    LANDSCAPING & LAWN MAINTENANCE 14,997 7,498   7,499
    MEMBERSHIP DUES ,BOOKS & SUBSCRIPTIONS 5,939 2,969   2,970
    OFFICE SUPPLIES AND EXPENSE 11,245 5,622   5,623
    POSTAGE 659     659
    REPAIRS & MAINTENANCE 18,147 9,073   9,074
    TELECOMMUNICATIONS 13,427 6,713   6,714
    UTILITIES 28,766 14,383   14,383


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE ASSISI FOUNDATION OF MEMPHIS INC
    EIN:
    62-1558722
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGER FEES 640,743 640,743 0 0


    TY 2021 TaxesSchedule
    Name:
    THE ASSISI FOUNDATION OF MEMPHIS INC
    EIN:
    62-1558722
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 432,795 432,795