Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 08-01-2021 , and ending 07-31-2022
Name of foundation
PATTON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)128 S TRYON ST SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28202
A Employer identification number

23-7026742
B Telephone number (see instructions)

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$651,641J 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 52 52  
4 Dividends and interest from securities... 21,251 21,251  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 54,088
b Gross sales price for all assets on line 6a 472,510
7 Capital gain net income (from Part IV, line 2)... 54,088
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 510 474  
12 Total. Add lines 1 through 11........ 75,901 75,865  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 750 750 0 0
c Other professional fees (attach schedule).... Click to see attachment 7,134 7,134   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,799 324   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 9,683 8,208 0 0
25 Contributions, gifts, grants paid....... 66,000 66,000
26 Total expenses and disbursements. Add lines 24 and 25 75,683 8,208 0 66,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 218
b Net investment income (if negative, enter -0-) 67,657
c Adjusted net income (if negative, enter -0-)... 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......... 16,028 7,087 7,087
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 605,862 Click to see attachment646,106 644,554
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment30,333    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 652,223 653,193 651,641
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 652,223 653,193
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)..... 652,223 653,193
30 Total liabilities and net assets/fund balances (see instructions). 652,223 653,193
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
652,223
2
Enter amount from Part I, line 27a .....................
2
218
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,217
4
Add lines 1, 2, and 3 ..........................
4
653,658
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
465
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
653,193
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 27.958 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851     2021-10-06
b 8.103 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851   2020-07-24 2021-10-06
c 117.46 BAIRD INTERMEDIATE BOND FD INSTL #70     2021-10-06
d 7.584 BAIRD INTERMEDIATE BOND FD INSTL #70   2021-04-06 2021-10-06
e 1.847 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804   2020-10-05 2021-10-06
69.026 COLUMBIA SELECT LARGE CAP VALUE FUND CL I3 #6674   2020-10-05 2021-10-06
50.531 DIAMOND HILL LARGE CAP FUND CLASS Y #2509   2020-10-05 2021-10-06
34.458 FEDERATED HERMES MDT SMALL CAP CORE FUND     2021-10-06
70.663 FIDELITY MID CAP VALUE INDEX FUND #3404     2021-10-06
4.04 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148   2020-01-06 2021-10-06
128. ISHARES RUSSELL TOP 200 VALUE ETF   2020-10-05 2021-10-06
169.752 LAZARD INTERNATIONAL EQUITY INST #632     2021-10-06
740.454 LAZARD INTERNATIONAL EQUITY INST #632     2021-10-06
21.107 MFS MID CAP VALUE R6 #4837   2019-07-03 2021-10-06
6.734 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726   2020-07-13 2021-10-06
79.853 PIMCO STOCKSPLUS SMALL FUND - INST #1885     2021-10-06
20.348 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531     2021-10-06
163.432 T ROWE PRICE EMERGING MARKETS STOCK FUND CLASS I #531     2021-10-06
23.443 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2021-10-06
94.943 VANGUARD SHORT TERM BOND INDEX ADM #5132   2020-07-13 2021-10-06
5.522 VANGUARD SHORT TERM BOND INDEX ADM #5132   2020-07-13 2021-10-06
12. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX   2020-10-05 2021-10-06
5.156 ALLSPRING SPECIAL MID CAP VALUE FUND R6 CLASS #4662   2019-10-07 2021-10-06
15.297 FIDELITY MID CAP GROWTH INDEX FUND #3403   2020-03-11 2021-12-06
56.321 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196     2021-12-06
115.092 JACKSON SQUARE SMID-CAP GROWTH FUND - IS CLASS #196     2021-12-06
9.536 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943   2020-01-06 2022-01-11
50.253 FEDERATED HERMES MDT SMALL CAP CORE FUND     2022-01-11
25.482 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148     2022-01-11
281.327 T ROWE PRICE INSTITUTIONAL LARGE-CAP CORE GROWTH FUND #148     2022-01-11
66.301 NUANCE MID CAP VALUE FUND CLASS Z     2022-01-11
522.373 NUANCE MID CAP VALUE FUND CLASS Z     2022-01-11
362.926 PIMCO STOCKSPLUS SMALL FUND - INST #1885     2022-01-11
383.804 PIMCO STOCKSPLUS SMALL FUND - INST #1885     2022-01-11
24.301 INVESCO SMALL CAP VALUE FUND CLASS Y #8770   2022-01-11 2022-04-05
92.625 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804     2022-04-05
12.616 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943   2020-01-06 2022-04-05
95.728 COLUMBIA SELECT LARGE CAP VALUE FUND CL I3 #6674   2020-10-05 2022-04-05
55.129 DIAMOND HILL LARGE CAP FUND CLASS Y #2509   2020-10-05 2022-04-05
24.157 FEDERATED HERMES MDT SMALL CAP CORE FUND   2020-03-16 2022-04-05
17.057 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #4     2022-04-05
235.542 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND CLASS R6 #     2022-04-05
147. ISHARES RUSSELL TOP 200 VALUE ETF     2022-04-05
55.515 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023     2022-04-05
40.557 SPYGLASS GROWTH FUND INST #4212   2021-07-07 2022-04-05
17.792 SPYGLASS GROWTH FUND INST #4212   2021-07-07 2022-04-05
66.057 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726     2022-04-05
18.964 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321   2020-03-23 2022-04-05
8. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2020-07-13 2022-04-05
27.037 VANGUARD EQUITY INCOME FUND ADM #565     2022-04-05
19. VANGUARD SCOTTSDALE FDS VNG RUS2000IDX     2022-04-05
8. ISHARES RUSSELL TOP 200 VALUE ETF   2020-07-13 2022-04-06
4.845 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023   2020-07-13 2022-04-06
2.905 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726   2020-07-13 2022-04-06
12.869 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896   2018-07-02 2022-04-06
110. ISHARES RUSSELL TOP 200 GROWTH ETF     2022-05-09
257.58 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851     2022-05-12
12.409 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851     2022-05-12
543.026 BAIRD INTERMEDIATE BOND FD INSTL #70   2021-04-06 2022-05-12
17.984 BAIRD INTERMEDIATE BOND FD INSTL #70   2021-04-06 2022-05-12
10.776 COLUMBIA SELECT LARGE CAP VALUE FUND CL I3 #6674   2020-10-05 2022-05-12
1. ISHARES RUSSELL TOP 200 VALUE ETF   2020-07-13 2022-05-12
7. ISHARES RUSSELL TOP 200 VALUE ETF   2021-04-07 2022-05-12
8.141 MFS MID CAP VALUE R6 #4837     2022-05-12
6.913 VANGUARD EQUITY INCOME FUND ADM #565   2020-01-06 2022-05-12
328.991 VANGUARD SHORT TERM BOND INDEX ADM #5132   2020-07-13 2022-05-12
6.22 VANGUARD SHORT TERM BOND INDEX ADM #5132   2020-07-13 2022-05-12
271.019 ALLSPRING CORE BOND FUND R6 CLASS #4657     2022-05-12
11.11 ALLSPRING CORE BOND FUND R6 CLASS #4657   2020-07-24 2022-05-12
162.068 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943     2022-05-19
104.601 BLACKROCK MID-CAP GROWTH EQUITY PORTFOLIO CLASS K #1943     2022-05-19
222.127 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852     2022-05-19
335.928 CARILLON CLARIVEST CAPITAL APPRECIATION FUND CLASS I #3852     2022-05-19
473.86 FIDELITY MID CAP GROWTH INDEX FUND #3403     2022-05-19
737.836 FIDELITY MID CAP GROWTH INDEX FUND #3403     2022-05-19
255.366 SPYGLASS GROWTH FUND INST #4212     2022-05-19
238.813 MORGAN STANLEY INST GROWTH IR #8708     2022-05-19
176.102 MORGAN STANLEY INST GROWTH IR #8708     2022-05-19
28.054 COLUMBIA SELECT LARGE CAP VALUE FUND CL I3 #6674     2022-05-23
360.029 COLUMBIA SELECT LARGE CAP VALUE FUND CL I3 #6674   2020-10-05 2022-05-23
26.458 DIAMOND HILL LARGE CAP FUND CLASS Y #2509     2022-05-23
283.49 DIAMOND HILL LARGE CAP FUND CLASS Y #2509   2020-10-05 2022-05-23
253.236 FIDELITY MID CAP VALUE INDEX FUND #3404     2022-05-23
1431.988 FIDELITY MID CAP VALUE INDEX FUND #3404     2022-05-23
192.949 MFS MID CAP VALUE R6 #4837     2022-05-23
290.65 MFS MID CAP VALUE R6 #4837     2022-05-23
11.656 VANGUARD EQUITY INCOME FUND ADM #565     2022-05-23
107.069 VANGUARD EQUITY INCOME FUND ADM #565     2022-05-23
109.688 ALLSPRING SPECIAL MID CAP VALUE FUND R6 CLASS #4662     2022-05-23
163.96 ALLSPRING SPECIAL MID CAP VALUE FUND R6 CLASS #4662     2022-05-23
142.694 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851     2022-07-15
11.901 AMERICAN BEACON GARCIA HAMILTON QUALITY BOND FUND CL R5 #4851     2022-07-15
285.338 BAIRD INTERMEDIATE BOND FD INSTL #70   2021-04-06 2022-07-15
19.19 BAIRD INTERMEDIATE BOND FD INSTL #70   2021-04-06 2022-07-15
7. ISHARES RUSSELL MID-CAP VALUE ETF   2022-05-23 2022-07-15
34. ISHARES RUSSELL TOP 200 VALUE ETF     2022-07-15
93. ISHARES RUSSELL TOP 200 GROWTH ETF   2020-10-05 2022-07-15
154.521 VANGUARD SHORT TERM BOND INDEX ADM #5132   2020-07-13 2022-07-15
6.673 VANGUARD SHORT TERM BOND INDEX ADM #5132   2020-07-13 2022-07-15
168.249 ALLSPRING CORE BOND FUND R6 CLASS #4657     2022-07-15
12.063 ALLSPRING CORE BOND FUND R6 CLASS #4657     2022-07-15
58.04 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804   2021-07-07 2022-07-19
.255 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS K #1804   2021-07-07 2022-07-19
65. ISHARES RUSSELL MID-CAP VALUE ETF   2022-05-23 2022-07-19
34. ISHARES RUSSELL MID-CAP GROWTH ETF   2022-05-19 2022-07-19
230. ISHARES RUSSELL TOP 200 VALUE ETF   2020-07-13 2022-07-19
2. ISHARES RUSSELL TOP 200 GROWTH ETF   2022-01-11 2022-07-19
395. ISHARES RUSSELL TOP 200 GROWTH ETF     2022-07-19
46.38 MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND CLASS I #5023   2020-07-13 2022-07-19
60.197 NUVEEN GLOBAL INFRASTRUCTURE FUND CLASS I #6726     2022-07-19
114.938 PEAR TREE POLARIS FOREIGN VALUE FUND CL R6 #8896   2021-07-07 2022-07-19
554.76 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321     2022-07-19
7. PROSHARES TR DJ BROOKFIELD GLOBAL INFRASTRUCTURE ETF   2020-07-13 2022-07-19
237.576 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321     2022-07-26
340.767 PIMCO STOCKSPLUS INTERNATIONAL FUND UNHEDGED INST #321   2020-03-23 2022-07-26
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(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 277   289 -12
b 80   84 -4
c 1,346   1,347 -1
d 87   87  
e 29   24 5
2,233   1,746 487
1,809   1,420 389
991   556 435
1,780   1,244 536
300   200 100
8,423   6,625 1,798
3,539   3,565 -26
15,438   12,572 2,866
671   510 161
80   66 14
872   508 364
1,028   1,122 -94
8,258   6,846 1,412
2,150   1,861 289
1,020   1,034 -14
59   60 -1
1,057   755 302
266   207 59
443   275 168
1,839   2,078 -239
3,758   2,472 1,286
423   294 129
1,293   666 627
1,711   1,747 -36
18,888   14,111 4,777
935   909 26
7,365   6,949 416
3,760   4,301 -541
3,976   2,162 1,814
513   503 10
1,369   1,242 127
501   388 113
3,204   2,422 782
1,897   1,550 347
580   299 281
220   232 -12
3,031   2,339 692
10,240   7,581 2,659
765   612 153
639   999 -360
280   438 -158
794   671 123
293   217 76
401   317 84
2,502   2,153 349
1,565   1,125 440
555   401 154
67   53 14
35   29 6
144   147 -3
17,524   13,593 3,931
2,377   2,639 -262
115   126 -11
5,696   6,223 -527
189   206 -17
333   273 60
64   50 14
446   452 -6
236   203 33
610   549 61
3,336   3,583 -247
63   68 -5
3,155   3,811 -656
129   157 -28
5,100   7,628 -2,528
3,292   3,138 154
11,180   13,509 -2,329
16,907   15,306 1,601
10,017   13,157 -3,140
15,598   12,462 3,136
3,041   5,620 -2,579
8,593   17,568 -8,975
6,336   9,138 -2,802
887   895 -8
11,388   9,109 2,279
836   931 -95
8,953   7,969 984
6,083   6,515 -432
34,396   24,226 10,170
5,717   6,235 -518
8,612   5,738 2,874
1,044   1,049 -5
9,586   7,378 2,208
5,142   5,539 -397
7,686   6,023 1,663
1,304   1,440 -136
109   120 -11
2,962   3,270 -308
199   220 -21
714   773 -59
2,098   1,933 165
12,018   11,344 674
1,553   1,683 -130
67   73 -6
1,940   2,272 -332
139   163 -24
756   934 -178
3   4 -1
6,826   7,175 -349
2,821   2,782 39
14,490   11,515 2,975
264   334 -70
52,044   42,259 9,785
583   503 80
673   600 73
1,139   1,451 -312
7,284   7,988 -704
325   277 48
3,138   4,098 -960
4,502   3,906 596
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
      15,991
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       -12
b       -4
c       -1
d        
e       5
      487
      389
      435
      536
      100
      1,798
      -26
      2,866
      161
      14
      364
      -94
      1,412
      289
      -14
      -1
      302
      59
      168
      -239
      1,286
      129
      627
      -36
      4,777
      26
      416
      -541
      1,814
      10
      127
      113
      782
      347
      281
      -12
      692
      2,659
      153
      -360
      -158
      123
      76
      84
      349
      440
      154
      14
      6
      -3
      3,931
      -262
      -11
      -527
      -17
      60
      14
      -6
      33
      61
      -247
      -5
      -656
      -28
      -2,528
      154
      -2,329
      1,601
      -3,140
      3,136
      -2,579
      -8,975
      -2,802
      -8
      2,279
      -95
      984
      -432
      10,170
      -518
      2,874
      -5
      2,208
      -397
      1,663
      -136
      -11
      -308
      -21
      -59
      165
      674
      -130
      -6
      -332
      -24
      -178
      -1
      -349
      39
      2,975
      -70
      9,785
      80
      73
      -312
      -704
      48
      -960
      596
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 54,088
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 940
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 940
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 728
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 212
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 940
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet0 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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)
    bulletNC
    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 addressbullet  
    14
    The books are in care ofbulletFIRST CITIZENS BANK, ATTN EMILY JONES Telephone no.bullet (704) 338-3818

    Located atbullet128 S TRYON ST STE 300CHARLOTTENC ZIP+4bullet28202
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    John C Patton Director
    1     		0    
    9568 Van Wyck Rd
    Lancaster,SC29720
    J Darren Patton Director
    1     		0    
    9568 Van Wyck Rd
    Lancaster,SC29720
    Jed W Patton Director
    1     		0    
    9568 Van Wyck Rd
    Lancaster,SC29720
    Cindy O Patton Director
    1     		0    
    9568 Van Wyck Rd
    Lancaster,SC29720
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    728,544
    b
    Average of monthly cash balances.......................
    1b
    13,822
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    742,366
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    742,366
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    11,135
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    731,231
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    36,562
    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
    36,562
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    940
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    940
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    35,622
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,000
    5
    Add lines 3 and 4............................
    5
    36,622
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    36,622
    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 36,622
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 33,449
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 0
    b From 2017...... 0
    c From 2018...... 0
    d From 2019...... 0
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 66,000
    a Applied to 2020, but not more than line 2a 33,449
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 32,551
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		4,071
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017.... 0
    b Excess from 2018.... 0
    c Excess from 2019.... 0
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    SALVATION ARMY
    1023 CENTRAL AVENUE
    CHARLOTTE,NC28204     		NONE PC UNRESTRICTED GRANT 10,000
    COMMUNITY CULINARY SCHOOL
    2401-A DISTRIBUTION ST
    CHARLOTTE,NC28203     		NONE PC UNRESTRICTED GRANT 10,000
    PROJECT HOPE FOR JUVENILE ARTHRITIS
    6116 CLAPTON DRIVE
    WAKE FOREST,NC27587     		NONE PC UNRESTRICTED GRANT 5,000
    INREACH
    ATTN KATHI KNIER
    4425 RANDOLPH RD STE 400
    CHARLOTTE,NC28211     		NONE PC UNRESTRICTED GRANT 10,000
    CHARLOTTE RESCUE MISSION
    ATTN EJ UNDERWOOD
    PO BOX 33000
    CHARLOTTE,NC282333000     		NONE PC UNRESTRICTED GRANT 15,000
    CATHERINE'S HOUSE INC
    PO BOX 1633
    BELMONT,NC28012     		NONE PC UNRESTRICTED GRANT 10,000
    SPECIAL OLYMPICS SOUTH CAROLINA INC
    109 OAK PARK DRIVE
    IRMO,SC29063     		NONE PC UNRESTRICTED GRANT 1,000
    HOSPICE & PALLIATICE CARE - CHARLOTTE
    1420 E 7TH STREET
    Charlotte,NC28204     		NONE PC UNRESTRICTED GRANT 5,000
    Total .................................bullet 3a 66,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 52  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 54,088  
    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) ..   75,901  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    75,901
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 750 750    

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS INTERNATIONAL SM    
    PIMCO STOCKSPLUS INTL FUND    
    LAZARD INTL EQUITY    
    MFS MID CAP VALUE    
    PEAR TREE POLARIS FOREIGN VALU 7,024 6,902
    WELLS FARGO SPECIAL MID CAP VA    
    GOLDMAN SACHS EMERGING INSIGHT 11,425 9,836
    T ROWE PRICE EMERGING MARKETS    
    TIAA-CREF EMERGING MARKETS EQU 15,386 14,762
    ISHARES MSCI EAFE INTL INDEX 21,021 23,305
    WCM FOCUSED INTL GROWTH 15,963 18,157
    PEAR TREE POLARIS FOREIGN VALU 18,364 18,349
    ARTISAN INTL SMALL-MID 6,451 6,454
    PIMCO STOCKPLUS SMALL FD - INS    
    WELLS FARGO CORE BD FD-R6    
    ASHMORE EMERGING MARKETS ACTIV 16,913 12,700
    BALLIE GIFFORD EMERGING MARKET 13,466 11,846
    CARILLON CLARIVEST CAPITAL APP    
    JACKSON SQUARE SMID-CAP GROWTH    
    MORGAN STANLEY INST GROWTH IR    
    BLACKROCK MID-CAP GROWTH EQUIT    
    FEDERATED HERMES MDT SC CORE 4,170 4,119
    FIDELITY MID CAP VALUE INDEX    
    FIDELITY MID CAP GROWTH INDEX    
    T ROWE PRICE INSTI LC    
    MAINSTAY CBRE GLOBAL INFRASTUR 1,742 2,111
    NUANCE MID CAP VALUE    
    NUVEEN GLOBAL INFRASTRUCTU4RE 1,901 2,202
    VANGUARD EQUITY INCOME    
    ISHARES RUSSELL TOP 200 VALUE 55,280 64,092
    ISHARES RUSSELL TOP 200 GROWTH 105,266 105,741
    PROSHARES TR DJ BROOKFIELD GLO 872 1,069
    VANGUARD SCOTTSDALE 12,771 12,462
    VANGUARD SHORT TERM BD 29,515 27,599
    COLUMBIA SELECT LC VALUE FUND    
    DIAMOND HILL LC FUND    
    SPYGLASS GROWTH FUND INST    
    AMERICAN BEACON GARCIA HAMILTO 25,171 23,622
    BAIRD INTERMEDIATE BOND FD INS 61,926 57,005
    INVESCO SMALL CAP VALUE FUND 2,044 1,945
    DELAWARE SMALL CAP GROWTH FUND 3,046 2,197
    ISHARES RUSSELL MID-CAP VALUE 59,169 59,158
    ISHARES RUSSELL MID-CAP GROWTH 33,714 36,631
    ISHARES MSCI USA MIN VOL FACTO 47,440 49,010
    ISHARES TR CORE MSCI EAFE ETF 14,808 15,388
    J P MORGAN EXCHANGE TRADED FD 19,078 19,805
    ALLSPRING CORE BOND FUND R6 CL 42,180 38,087

    TY 2021 OtherAssetsSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PENDING TRADES 30,333 0 0


    TY 2021 OtherDecreasesSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Description Amount
    COST BASIS ADJUST -WASH SALES & ROC 290
    7/31/2022 TAX EFFECTIVE DATE TRANS 175


    TY 2021 OtherIncomeSchedule2
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER REVENUE 510 474  


    TY 2021 OtherIncreasesSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Description Amount
    ROUNDING 5
    RECOVERY DISTRIBUTION CHECK 1,000
    REMEDIATION PAYMENT-NONTAXABLE 85
    7/31/2021 TAX EFFECTIVE DATE TRANS 127


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 7,134 7,134    


    TY 2021 TaxesSchedule
    Name:
    PATTON FOUNDATION INC
    EIN:
    23-7026742
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 747 0   0
    FEDERAL ESTIMATES - PRINCIPAL 728 0   0
    FOREIGN TAXES ON QUALIFIED FOR 246 246   0
    FOREIGN TAXES ON NONQUALIFIED 78 78   0