Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
TW PAUL R AND ALMA M WATERS FND
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

56-6587332
B Telephone number (see instructions)

(888) 730-4933
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$7,908,354J 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      
4 Dividends and interest from securities... 66,878 66,612  
5a Gross rents............ 122,982 122,982  
b Net rental income or (loss) 117,591
6a Net gain or (loss) from sale of assets not on line 10 266,768
b Gross sales price for all assets on line 6a 1,615,304
7 Capital gain net income (from Part IV, line 2)... 266,768
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).......      
12 Total. Add lines 1 through 11........ 456,628 456,362  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 81,471 73,324   8,147
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 1,428 0 0 1,428
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,016 483   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)....... Click to see attachment 8,041 8,041    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 96,956 81,848 0 9,575
25 Contributions, gifts, grants paid....... 361,601 361,601
26 Total expenses and disbursements. Add lines 24 and 25 458,557 81,848 0 371,176
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,929
b Net investment income (if negative, enter -0-) 374,514
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............. 6,229    
2 Savings and temporary cash investments......... 135,876 145,725 145,725
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).......   Click to see attachment3,308,552 7,762,629
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).......... 3,312,017   0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,454,122 3,454,277 7,908,354
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........ 3,454,122 3,454,277
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)..... 3,454,122 3,454,277
30 Total liabilities and net assets/fund balances (see instructions). 3,454,122 3,454,277
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
3,454,122
2
Enter amount from Part I, line 27a .....................
2
-1,929
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,084
4
Add lines 1, 2, and 3 ..........................
4
3,454,277
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,454,277
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 119.228 INV OPP DEVELOP MRKTS-R6 7038   2017-01-19 2021-02-25
b 1403.485 ARTISAN MID CAP FUND-INS 1333     2021-02-25
c 344.685 ARTISAN MID CAP FUND-INS 1333     2021-02-25
d 596. INVESCO OPTIMUM YIELD DIVERSIF ETF   2020-03-25 2021-02-25
e 170. ISHARES MSCI USA QUALITY FAC ETF   2020-03-25 2021-02-25
909. ISHARES MSCI USA QUALITY FAC ETF   2020-02-12 2021-02-25
7857.563 T ROWE PR OVERSEAS STOCK-I #521     2021-02-25
299.577 TOUCHSTONE SANDS EM GR-INST #565   2020-12-10 2021-02-25
2121.828 TRIBUTARY SMALL CO-INST PLUS #1705   2020-05-07 2021-02-25
37. VANGUARD MIDCAP VIPER   2019-10-18 2021-02-25
45. GOLDMAN ACTIVEBETA US LC ETF   2021-02-25 2021-03-26
75. ISHARES CORE S&P TOTAL U.S. ETF   2021-02-25 2021-03-26
86.438 JENSEN QUALITY GROWTH-Y #6299   2021-02-25 2021-03-26
17.899 MFS VALUE FUND-R6 4810   2011-08-26 2021-03-26
68.53 MFS VALUE FUND-R6 4810   2020-03-26 2021-03-26
287.076 METROPOLITAN WEST T/R BD-PLN #712   2020-12-10 2021-03-26
23582.547 PGIM HIGH YIELD-Q 1067   2020-05-07 2021-03-26
54.784 TOUCHSTONE MID CAP-INST #353   2021-02-25 2021-03-26
26.949 TOUCHSTONE MID CAP-INST #353   2020-02-13 2021-03-26
31.26 UNDISC MGRS BEHAV VAL - R6   2021-02-25 2021-03-26
822.79 EV GL MACR ABS RTRN ADV-R6 #1072     2021-07-27
5338.976 EV GL MACR ABS RTRN ADV-R6 #1072     2021-07-27
204. GOLDMAN ACTIVEBETA US LC ETF   2021-02-25 2021-07-27
3662. INVESCO OPTIMUM YIELD DIVERSIF ETF     2021-07-27
24. ISHARES CORE S&P TOTAL U.S. ETF   2021-02-25 2021-07-27
276. ISHARES RUSSELL 2000 ETF     2021-07-27
11.149 JENSEN QUALITY GROWTH-Y #6299   2019-10-21 2021-07-27
172.707 JENSEN QUALITY GROWTH-Y #6299   2021-02-25 2021-07-27
39.911 MFS VALUE FUND-R6 4810   2011-08-26 2021-07-27
3490.812 METROPOLITAN WEST T/R BD-PLN #712     2021-07-27
1838.129 METROPOLITAN WEST T/R BD-PLN #712   2019-05-10 2021-07-27
99.955 TOUCHSTONE SANDS EM GR-INST #565   2021-03-26 2021-07-27
655.455 TOUCHSTONE MID CAP-INST #353   2020-02-13 2021-07-27
181. VANGUARD MIDCAP VIPER   2019-10-18 2021-07-27
22660.359 METROPOLITAN WEST T/R BD-PLN #712     2021-09-24
243.027 INV OPP DEVELOP MRKTS-R6 7038     2021-10-20
2267.065 INV OPP DEVELOP MRKTS-R6 7038     2021-10-20
13. DODGE & COX STOCK FUND #145   2021-07-28 2021-10-20
17. ISHARES RUSSELL 2000 ETF   2021-03-26 2021-10-20
7385.055 PIMCO HIGH YIELD FD-INST #108   2021-07-28 2021-10-20
51. UNDISC MGRS BEHAV VAL - R6     2021-10-20
345.78571 BAIRD AGGREGATE BOND FUND-INST 72   2021-09-24 2021-11-16
530.21429 BAIRD AGGREGATE BOND FUND-INST 72   2021-09-24 2021-11-16
28. DODGE & COX STOCK FUND #145   2021-07-28 2021-11-16
152. GOLDMAN ACTIVEBETA US LC ETF   2021-02-25 2021-11-16
96. GOLDMAN ACTIVEBETA US LC ETF   2019-08-07 2021-11-16
568. ISHARES CORE S&P TOTAL U.S. ETF     2021-11-16
87. ISHARES RUSSELL 2000 ETF   2021-03-26 2021-11-16
41.00002 ISHARES CORE MSCI EMERGING ETF   2021-02-25 2021-11-16
83.99998 ISHARES CORE MSCI EMERGING ETF   2021-02-25 2021-11-16
197. JENSEN QUALITY GROWTH-Y #6299   2019-10-21 2021-11-16
174. MFS VALUE FUND-R6 4810   2011-08-26 2021-11-16
156.99292 PIMCO TOTAL RET FD-INST #35   2021-07-28 2021-11-16
142.453 PIMCO TOTAL RET FD-INST #35   2019-08-07 2021-11-16
384.55408 PIMCO TOTAL RET FD-INST #35   2021-07-28 2021-11-16
785. PIMCO COMMODITY REAL RET STRAT-I45   2021-10-21 2021-11-16
302.564 PGIM HIGH YIELD-Q 1067   2021-10-21 2021-11-16
1784.436 PGIM HIGH YIELD-Q 1067   2021-07-28 2021-11-16
692.28787 TCW EMRG MRKTS INC-PLAN #5721   2021-02-25 2021-11-16
21.71213 TCW EMRG MRKTS INC-PLAN #5721   2021-02-25 2021-11-16
330. TOUCHSTONE MID CAP-R6 #355   2020-02-13 2021-11-16
74. UNDISC MGRS BEHAV VAL - R6   2021-02-25 2021-11-16
95. VANGUARD MIDCAP VIPER   2021-10-20 2021-11-16
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 6,647   3,927 2,720
b 78,792   55,040 23,752
c 19,351   16,320 3,031
d 10,601   7,273 3,328
e 20,285   13,347 6,938
108,463   95,407 13,056
98,770   78,838 19,932
6,833   6,330 503
69,681   43,858 25,823
8,057   6,209 1,848
3,510   3,533 -23
6,790   6,855 -65
4,922   4,693 229
876   378 498
3,352   2,354 998
2,917   3,000 -83
129,940   116,026 13,914
2,598   2,502 96
1,278   1,137 141
2,502   2,349 153
8,705   8,673 32
56,486   56,020 466
18,001   16,018 1,983
73,356   43,991 29,365
2,405   2,194 211
59,860   62,193 -2,333
716   579 137
11,088   9,376 1,712
2,081   844 1,237
36,270   36,172 98
19,098   18,400 698
2,141   2,123 18
31,626   27,647 3,979
43,057   30,372 12,685
233,855   225,285 8,570
13,072   12,880 192
121,945   73,175 48,770
3,248   3,084 164
3,835   3,720 115
66,761   67,204 -443
4,346   3,964 382
3,928   3,977 -49
6,023   6,097 -74
7,017   6,643 374
14,352   11,935 2,417
9,064   5,538 3,526
61,177   55,082 6,095
20,803   19,039 1,764
2,612   2,744 -132
5,351   5,622 -271
13,506   10,226 3,280
9,523   3,679 5,844
1,611   1,644 -33
1,462   1,493 -31
3,946   4,026 -80
5,220   5,173 47
1,676   1,682 -6
9,886   9,975 -89
5,421   5,684 -263
170   178 -8
17,048   13,922 3,126
6,536   5,561 975
24,833   23,843 990
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
      13,859
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,720
b       23,752
c       3,031
d       3,328
e       6,938
      13,056
      19,932
      503
      25,823
      1,848
      -23
      -65
      229
      498
      998
      -83
      13,914
      96
      141
      153
      32
      466
      1,983
      29,365
      211
      -2,333
      137
      1,712
      1,237
      98
      698
      18
      3,979
      12,685
      8,570
      192
      48,770
      164
      115
      -443
      382
      -49
      -74
      374
      2,417
      3,526
      6,095
      1,764
      -132
      -271
      3,280
      5,844
      -33
      -31
      -80
      47
      -6
      -89
      -263
      -8
      3,126
      975
      990
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 266,768
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 5,206
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 5,206
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 4,572
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 671
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,243
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 37
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet37 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 addressbulletN/A
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet6325 S RAINBOW BLVD STE 300LAS VEGASNV ZIP+4bullet89118
    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)
    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)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    WELLS FARGO BANK N A TRUSTEE
    1     		81,471    
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101
    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
    7,850,862
    b
    Average of monthly cash balances.......................
    1b
    178,208
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,029,070
    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
    8,029,070
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    120,436
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    7,908,634
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    395,432
    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
    395,432
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    5,206
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,206
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    390,226
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    390,226
    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
    390,226
    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 7 390,226
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 333,966
    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$ 371,176
    a Applied to 2020, but not more than line 2a 333,966
    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..... 37,210
    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 ..........     		353,016
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    INTERNATIONAL MISSION BOARD SBC
    3806 MONUMENT AVE
    RICHMOND,VA23230     		NONE PC GENERAL OPERATING 27,000
    BAPTIST STATE CONVENTION
    205 CONVENTION DRIVE
    CARY,NC275121107     		NONE PC GENREAL OPERATING 126,000
    FIRST BAPTIST CHURCH OF WA
    113 NORTH HARVEY STREET
    WASHINGTON,NC27889     		NONE PC GENERAL OPERATING 47,693
    WEST END BAPTIST CHURCH
    108 VILLAGE CIRCLE
    WASHINGTON,NC27889     		NONE PC GENERAL OPERATING 28,577
    RIVERVIEW BAPTIST CHURCH
    1939 NC HIGHWAY 30
    GREENVILLE,NC27834     		NONE PC GENERAL OPERATING 28,577
    FIRST BAPTIST CHURCH CHOCOWINITY
    230 HIGHWAY 33 WEST
    CHOCOWINITY,NC27817     		NONE PC GENERAL OPERATING 28,577
    SECOND BAPTIST CHURCH
    2516 WEST 5TH STREET
    WASHINGTON,NC27889     		NONE PC GENERAL OPERATING 28,577
    NORTH AMERICAN MISSION BOARD
    4200 NORTH POINT PARKWAY
    ALPHARETTA,GA30022     		NONE PC GENERAL OPERATING 27,000
    WYCLIFFE BIBLE TRANSLATORS INC
    PO BOX 620486
    ORLANDO,FL328620486     		NONE PC GENERAL OPERATING 19,600
    Total .................................bullet 3a 361,601
    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 ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 117,591  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 266,768  
    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) ..   451,237  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    451,237
    (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:
    TW PAUL R AND ALMA M WATERS FND
    EIN:
    56-6587332
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,428     1,428

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    TW PAUL R AND ALMA M WATERS FND
    EIN:
    56-6587332
    Name of Stock End of Year Book Value End of Year Fair Market Value
    77956H435 T ROWE PR OVERSEAS S 67,204 67,663
    256219106 DODGE & COX STOCK FU 91,079 94,158
    74440Y884 PGIM HIGH YIELD-Q 10 246,807 255,514
    89155T490 TOUCHSTONE MID CAP-R 107,809 156,222
    55273H353 MFS VALUE FUND-R6 48 37,434 96,195
    381430503 GOLDMAN ACTIVEBETA U 136,035 228,717
    464287655 ISHARES RUSSELL 2000 143,575 181,074
    31641Q755 FIDELITY NEW MRKTS I 66,767 64,971
    872365713 TCW EMRG MRKTS INC-P 130,314 126,619
    476313408 JENSEN QUALITY GROWT 92,402 127,661
    057071854 BAIRD AGGREGATE BOND 228,188 225,609
    693390700 PIMCO TOTAL RET FD-I 159,125 161,156
    464287150 ISHARES CORE S&P TOT 400,713 644,127
    722005667 PIMCO COMMODITY REAL 92,338 92,607
    904504479 UNDISC MGRS BEHAV VA 54,856 60,929
    89154M702 TOUCHSTONE SANDS EM 94,498 86,456
    9WB034552 1763.15 ACS FARMLAND 803,400 4,653,750
    46434G103 ISHARES CORE MSCI EM 165,398 151,566
    922908629 VANGUARD MIDCAP VIPE 190,610 287,635

    TY 2021 InvestmentsOtherSchedule2
    Name:
    TW PAUL R AND ALMA M WATERS FND
    EIN:
    56-6587332
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    04314H600 ARTISAN MID CAP FUND      
    77956H435 T ROWE PR OVERSEAS S      
    9WB034552 1763.15 ACS FARMLAND      
    55273H353 MFS VALUE FUND-R6 48      
    87234N765 TCW EMRG MKTS INCM-I      
    592905764 METROPOLITAN WEST T/      
    464287150 ISHARES TRS & P 1500      
    381430503 GOLDMAN ACTIVEBETA U      
    922908629 VANGUARD MIDCAP VIPE      
    00143W859 INV OPP DEVELOP MRKT      
    693390700 PIMCO TOTAL RET FD-I      
    31641Q755 FIDELITY NEW MRKTS I      
    476313408 JENSEN QUALITY GROWT      
    89609H704 TRIBUTARY SMALL CO-I      
    46432F339 ISHARES EDGE MSCI US      
    464287655 ISHARES RUSSELL 2000      
    89154Q562 TOUCHSTONE SANDS EM      
    89155T649 TOUCHSTONE MID CAP-I      
    27830W108 EV GL MACR ABS RTRN      
    74440Y884 PGIM HIGH YIELD-Q 10      
    46090F100 INVESCO OPTIMUM YIEL      

    TY 2021 OtherExpensesSchedule
    Name:
    TW PAUL R AND ALMA M WATERS FND
    EIN:
    56-6587332
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FARM EXPENSES 2,650 2,650   0
    Rent and Royalty Expense 5,391      


    TY 2021 OtherIncreasesSchedule
    Name:
    TW PAUL R AND ALMA M WATERS FND
    EIN:
    56-6587332
    Description Amount
    MUTUAL FUND TIMING ADJ 479
    CASH DEPOSIT - UNDERPAYMENT INT SURCHARG 1,600
    ROUNDING 5


    TY 2021 TaxesSchedule
    Name:
    TW PAUL R AND ALMA M WATERS FND
    EIN:
    56-6587332
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 235 235   0
    FEDERAL TAX PAYMENT - PRIOR YE 961 0   0
    FEDERAL ESTIMATES - PRINCIPAL 4,572 0   0
    FOREIGN TAXES ON NONQUALIFIED 248 248   0