TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2021

Open to Public Inspection

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

Name of foundation
WILLIAM R LATHERS CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 150
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MEARS, MI49436

A Employer identification number

26-6337639

B Telephone number (see instructions)

(231) 873-5128

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$1,713,428J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	267		267
4	Dividends and interest from securities...	48,341		48,341
5a	Gross rents............	2,400		2,400
b	Net rental income or (loss) 354
6a	Net gain or (loss) from sale of assets not on line 10		97,232
b	Gross sales price for all assets on line 6a 166,809
7	Capital gain net income (from Part IV, line 2)...			30,794
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).......		3,524	3,524
12	Total. Add lines 1 through 11........	151,764		85,326
13	Compensation of officers, directors, trustees, etc.	10,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		4,500		4,500
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		75	75
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	1,718		1,718
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		338	328	10
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	16,631		2,121	4,510
25	Contributions, gifts, grants paid.......	117,000			117,000
26	Total expenses and disbursements. Add lines 24 and 25	133,631		2,121	121,510
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	18,133
b	Net investment income (if negative, enter -0-)			83,205
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	115,944	173,467	173,467
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,340,660	1,368,345	1,503,597
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)	66,351
	12	Investments—mortgage loans.............	38,296	36,364	36,364
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,561,251	1,578,176	1,713,428
	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 )	500
	23	Total liabilities (add lines 17 through 22).........	500	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	1,560,751	1,578,176
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	1,560,751	1,578,176
	30	Total liabilities and net assets/fund balances (see instructions).	1,561,251	1,578,176

Part III

Analysis of Changes in Net Assets or Fund Balances

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

1,560,751

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

18,133

Other increases not included in line 2 (itemize) bullet

723

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

1,579,607

Decreases not included in line 2 (itemize) bullet

1,431

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

1,578,176

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	PIMCO DYNAMIC INCOME FUND SHS	P	2020-08-20	2021-12-16
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	16	15	1
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			1
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	30,794
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	1,157
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	3,361
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	1,892
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	1,892
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,892
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax1,892	Refunded	11

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

NONE

The books are in care of bullet

DE BOER BAUMANN & COMPANY Telephone no. bullet

(616) 396-1435

Located at bullet

355 SETTLERS ROADHOLLANDMI ZIP+4 bullet

49423

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

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

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

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

16 No

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

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

Yes

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
S DALE LATHERS	TRUSTEE 13.00	10,000	0	0
5896 FOX ROAD MEARS,MI49436	TRUSTEE 13.00	10,000	0	0

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

Form 990-PF (2021)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


All other program-related investments. See instructions.
3

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

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

1,463,137

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

182,695

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

61,933

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

1,707,765

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

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

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

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

1,707,765

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

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

25,616

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

1,682,149

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

84,107

Part X

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

and do not complete this part.)

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

84,107

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

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

3,361

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

3,361

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

80,746

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

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

80,746

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

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

80,746

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			80,746
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......	85,503
b From 2017......	32,969
c From 2018......	172,200
d From 2019......	99,358
e From 2020......	23,743
f Total of lines 3a through e ........		413,773
4Qualifying distributions for 2021 from Part
XI, line 4: $ 121,510
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....			80,746
e Remaining amount distributed out of corpus		40,764
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		454,537
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) ...		85,503
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		369,034
10 Analysis of line 9:
a Excess from 2017....	32,969
b Excess from 2018....	172,200
c Excess from 2019....	99,358
d Excess from 2020....	23,743
e Excess from 2021....	40,764

Form 990-PF (2021)

Page 10

Part XIII

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

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

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

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

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

Check here bullet

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

aThe name, address, and telephone number or 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)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AARP FOUNDATION 601 E STREET NW WASHINGTON,DC20049	NONE	PC	GENERAL	1,000
DE'GAGE MINISTRIES 144 DIVISION AVENUE S GRAND RAPIDS,MI49503	NONE	PC	MINISTRY	2,000
DOCTORS WITHOUT BORDERS PO BOX 5030 HAGERSTOWN,MD21741	NONE	PC	GENERAL	10,000
HART COMMUNITY PERFORMING ARTS PO BOX 7 HART,MI49420	NONE	PC	GENERAL	10,000
LEADER DOGS FOR THE BLIND 1039 S ROCHESTER ROAD ROCHESTER HILLS,MI483073115	NONE	PC	GENERAL	6,000
LOVE INC 191 N MICHIGAN SHELBY,MI49455	NONE	PC	CAPITAL CAMPAIGN	5,000
MARY FREE BED REHAB HOSPITAL 235 WEALTHY ST SE GRAND RAPIDS,MI49503	NONE	PC	GENERAL	10,000
MAYO CLINIC DEPT OF DEVELOPMENT 200 FIRST STREET SW ROCHESTER,MN55905	NONE	PC	GENERAL	10,000
MEARS UNITED METHODIST CHURCH PO BOX 100 MEARS,MI49436	NONE	PC	GENERAL	10,000
MUSKEGON RESCUE MISSION 1715 PECK STREET MUSKEGON,MI49441	NONE	PC	GENERAL	3,000
OCEANA COUNTY CEDAR POINT PROJECT 100 S STATE STREET HART,MI49420	NONE	PC	GENERAL	10,000
SALVATION ARMY PO BOX 681 LUDINGTON,MI49431	NONE	PC	GENERAL	4,000
SHELBY PUBLIC SCHOOLS 525 N STATE STREET SHELBY,MI49455	NONE	PC	GENERAL	11,000
ST JUDE'S CHILDREN'S RESEARCH HOSPI 501 ST JUDE PLACE MEMPHIS,TN38105	NONE	PC	GENERAL	10,000
THE CARTER CENTER 453 JOHN LEWIS FREEDOM PK NE ATLANTA,GA30307	NONE	PC	GENERAL	2,000
UNIVERSITY OF MICHIGAN OFFICE OF DEVELOPMENT SUITE 100 ANN ARBOR,MI48104	NONE	PC	MELANOMA PATIENT CLINICAL FD	3,000
WELL HOUSE 600 CASS AVENUE SE GRAND RAPIDS,MI49503	NONE	PC	GENERAL	10,000
Total ................................. 3a				117,000

bApproved for future payment

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

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	267
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	354
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	30,794	66,438
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aMISCELLANEOUS - OTHER			1	2,036
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				83,280	66,438

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

149,718

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2021)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

WILLIAM R LATHERS CHARITABLE TRUST

EIN:

26-6337639

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
DE BOER, BAUMANN & CO	4,500			4,500

- TIN:

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

TY 2021 GainLossSaleOtherAssetsSch

Name:

WILLIAM R LATHERS CHARITABLE TRUST

EIN:

26-6337639

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
RENTAL BUILDING	2012-03	PURCHASE	2021-05		32,994	24,035		3,539	13,432	8,012
EASTON PROPERTY LAND	2012-03	PURCHASE	2021-05		103,006	50,000			53,006

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

WILLIAM R LATHERS CHARITABLE TRUST

EIN:

26-6337639

Name of Stock	End of Year Book Value	End of Year Fair Market Value
GAMCO GLBL GOLD NATURAL RESOURCES
4,085 SHARES	25,663	15,319
8,300 SHARES	52,143	31,125
6,600 SHARES	21,244	24,750
4,000 SHARES CHIMERA	65,346	60,320
FIDUCIARY/CLAYMORE MLP OPP
380 SHS	19,178	3,937
1,398 SHS	51,384	14,485
41.8 SHS	1,538	433
AB CAP FD HIGH INCOME CLASS A
4,301.398 SHARES	38,774	34,153
5,807.201 SHARES	49,025	46,109
FIRST TR ENERGY INC & GROWTH FUND
2,267 SHARES	42,277	31,330
500 SHARES	9,320	6,910
500 SHARES	9,324	6,910
133 SHARES	2,480	1,838
100 SHARES	1,865	1,382
3375 SHS GUGGENHEIM STRAT OPPTY FD	57,244	61,830
3478 SHS PIMCO	78,656	90,115
7500 ALLSPRING MULTI SECTOR	83,611	99,150
979.43 SH CAPITAL WORLD GRW & INC	31,743	62,360
CAPITAL INCOME BUILDER FUND
1376.507 SHARES	79,865	96,576
816.853 SHARES	45,899	57,310
19.304 SHARES	1,108	1,354
715.413 SHARES	42,796	50,193
45.807 SHARES	2,635	3,214
24.476 SHARES	1,487	1,717
24.784 SHARES	1,499	1,739
44.569 SHARES	2,675	3,127
649.988 SHARES	40,000	45,603
132.304 SHARES	7,607	9,282
137.898 SHARES	7,920	9,675
192.475 SHARES	11,904	13,504
153.773 SHARES	9,064	10,789
36.306 SHARES	2,167	2,547
36.108 SHARES	2,185	2,533
35.99 SHARES	2,205	2,525
41.18 SHARES	2,599	2,889
42.088 SHARES	2,656	2,953
45.449 SHARES	2,263	3,189
39.903 SHARES	2,286	2,800
38.972 SHARES	2,306	2,734
46.776 SHARES	2,930	3,282
28.587 SHARES	1,879	2,006
27.244 SHARES	1,890	1,911
27.660 SHARES	1,901	1,941
70.321 SHARES	4,804	4,934
INCOME FUND OF AMERICA
2628.000 SHARES	53,243	67,934
2337.013 SHARES	45,899	60,412
40.198 SHARES	819	1,039
1344.517 SHARES	28,531	34,756
50.761 SHARES	1,048	1,312
48.938 SHARES	1,056	1,265
48.792 SHARES	1,064	1,261
87.798 SHARES	1,911	2,270
3597.122 SHARES	80,000	92,986
519.250 SHARES	10,656	13,423
345.541 SHARES	7,258	8,932
566.503 SHARES	13,029	14,644
869.76 SHARES	18,596	22,483
93.887 SHARES	2,060	2,427
93.359 SHARES	2,075	2,413
91.862 SHARES	2,091	2,375
137.817 SHARES	3,178	3,563
278.734 SHARES	6,428	7,205
119.095 SHARES	2,175	3,079
104.293 SHARES	2,194	2,696
99.753 SHARES	2,212	2,579
148.62 SHARES	3,470	3,842
91.085 SHARES	2,253	2,355
86.846 SHARES	2,268	2,245
87.832 SHARES	2,282	2,270
135.793 SHARES	3,410	3,510
545.111 SHARES	13,688	14,091
AMCAP FUND
2769.124 SHARES	80,001	125,884
242.113 SHARES	6,489	11,006
117.813 SHARES	3,154	5,356
173.283 SHARES	5,352	7,877
353.919 SHARES	10,217	16,089
20.669 SHARES	647	940
19.491 SHARES	651	886
142.055 SHARES	4,743	6,458
66.612 SHARES	2,233	3,028
7.621 SHARES	293	346
87.288 SHARES	3,354	3,968
146.737 SHARES	6,116	6,671
108.631 SHARES	4,856	4,938

- TIN:

TY 2021 InvestmentsLandSchedule2

Name:

WILLIAM R LATHERS CHARITABLE TRUST

EIN:

26-6337639

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
EASTON PROPERTY (10/31/11) - BLDG
EASTON PROPERTY (10/31/11) - LAND

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

WILLIAM R LATHERS CHARITABLE TRUST

EIN:

26-6337639

Description	Amount
DIV.S REPORTED IN 2020 REC'D 2021	1,431

- TIN:

TY 2021 OtherExpensesSchedule

Name:

WILLIAM R LATHERS CHARITABLE TRUST

EIN:

26-6337639

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
BLDG. RENTAL - NOT FINANCED
INVESTMENT DEPRECIATION	328	328
EXPENSES
BANK FEES	10		10

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

WILLIAM R LATHERS CHARITABLE TRUST

EIN:

26-6337639

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
MORTGAGE INTEREST - HENDERSON	1,488	1,488
MISCELLANEOUS - OTHER	2,036	2,036

- TIN:

TY 2021 OtherIncreasesSchedule

Name:

WILLIAM R LATHERS CHARITABLE TRUST

EIN:

26-6337639

Description	Amount
DIV.S REPORTED IN 2021 REC'D 2022 - RBC	723

- TIN:

TY 2021 OtherLiabilitiesSchedule

Name:

WILLIAM R LATHERS CHARITABLE TRUST

EIN:

26-6337639

Description	Beginning of Year - Book Value	End of Year - Book Value
SECURITY DEPOSIT	500

- TIN:

TY 2021 TaxesSchedule

Name:

WILLIAM R LATHERS CHARITABLE TRUST

EIN:

26-6337639

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD - RBC	68	68
FOREIGN TAXES WITHHELD - EDWARD	7	7