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
THOMAS LYLE WILLIAMS TRUST
BESSEMER TRUST COMPANY NA
Number and street (or P.O. box number if mail is not delivered to street address)1271 AVE OF THE AMERICAS 42 FL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10020
A Employer identification number

36-6673112
B Telephone number (see instructions)

(516) 508-9623
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$198,221,940J 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... 2,391,253 2,385,279  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 17,108,302
b Gross sales price for all assets on line 6a 73,928,545
7 Capital gain net income (from Part IV, line 2)... 17,108,302
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 19,499,555 19,493,581  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 292,085 135,410   156,675
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 1,202,145 1,202,145   0
17 Interest............... 53,721 53,721   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 103,428 49,628   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 69,025 67,840   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,720,404 1,508,744   156,675
25 Contributions, gifts, grants paid....... 9,138,728 9,138,728
26 Total expenses and disbursements. Add lines 24 and 25 10,859,132 1,508,744   9,295,403
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,640,423
b Net investment income (if negative, enter -0-) 17,984,837
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 8,183,664 11,279,945 11,279,945
3 Accounts receivable bullet1,249
Less: allowance for doubtful accounts bullet   767 1,249 1,249
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 26,288,388 Click to see attachment24,163,084 24,314,351
b Investments—corporate stock (attach schedule)....... 59,568,533 Click to see attachment61,134,739 93,984,305
c Investments—corporate bonds (attach schedule)....... 21,086,576 Click to see attachment22,274,388 22,170,894
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 20,269,580 Click to see attachment20,269,580 27,418,595
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment15,018,860 Click to see attachment19,955,667 Click to see attachment19,052,601
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 150,416,368 159,078,652 198,221,940
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 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........ 154,375,498 154,375,498
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -3,959,130 4,703,154
29 Total net assets or fund balances (see instructions)..... 150,416,368 159,078,652
30 Total liabilities and net assets/fund balances (see instructions). 150,416,368 159,078,652
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
150,416,368
2
Enter amount from Part I, line 27a .....................
2
8,640,423
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
21,861
4
Add lines 1, 2, and 3 ..........................
4
159,078,652
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
159,078,652
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b PUBLICLY TRADED SECURITIES      
c NET GAINS FROM PARTNERSHIPS P    
d CAPITAL GAINS DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 26,835,318   26,942,554 -107,236
b 40,515,671   29,877,689 10,637,982
c 4,307,617     4,307,617
d 2,269,939     2,269,939
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       -107,236
b       10,637,982
c       4,307,617
d       2,269,939
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 17,108,302
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........................... 3 249,989
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- ..... 5 249,989
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 72,266
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 250,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 322,266
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 3,458
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 68,819
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet68,819 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletGA
    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 ofbulletBESSEMER TRUST COMPANY NA Telephone no.bullet (516) 508-9623

    Located atbullet1271 AVE OF THE AMERICAS 42 FLNEW YORKNY ZIP+4bullet10020
    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
    ALSTON P WATT CO-TRUSTEE
    2.00     		51,052 0 0
    C/O BESSEMER TRUST CO 1271 AVE OF
    THE AMERICAS 42 FL
    NEW YORK,NY10020
    BESSEMER TRUST COMPANY NA CO-TRUSTEE
    10.00     		203,105 0 0
    1271 AVE OF THE AMERICAS 42 FL
    NEW YORK,NY10020
    THOMAS L WILLIAMS IV CO-TRUSTEE
    2.00     		37,928 0 0
    C/O BESSEMER TRUST CO 1271 AVE OF
    THE AMERICAS 42 FL
    NEW YORK,NY10020
    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
    SELECT EQUITY GROUP INC INVESTMENT SERVICES 154,640
    380 LAFAYETTE ST
    NEW YORK,NY10003
    SOUTHEAST ASSET ADVISORS INC INVESTMENT SERVICES 111,751
    314 GORDON AVENUE
    THOMASVILLE,GA31792
    JOHN W BRISTOL & CO INVESTMENT SERVICES 59,265
    48 WALL STREET
    NEW YORK,NY10005
    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.........................bullet0
    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
    197,093,157
    b
    Average of monthly cash balances.......................
    1b
    8,487,859
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    205,581,016
    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
    205,581,016
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    3,083,715
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    202,497,301
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    10,124,865
    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
    10,124,865
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    249,989
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    22,428
    c
    Add lines 2a and 2b............................
    2c
    272,417
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,852,448
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    9,852,448
    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
    9,852,448
    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 9,852,448
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 733,263
    b From 2017...... 373,191
    c From 2018......  
    d From 2019......  
    e From 2020...... 213,746
    f Total of lines 3a through e ........ 1,320,200
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 9,295,403
    a Applied to 2020, but not more than line 2a 0
    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..... 9,295,403
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 557,045 557,045
    (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 5 763,155
    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 ..........     		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) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		176,218
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		586,937
    10 Analysis of line 9:
    a Excess from 2017.... 373,191
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020.... 213,746
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CARE INC
    151 ELLIS STREET
    ATLANTA,GA30303     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 6,092,361
    CHARITABLE CONTRIBUTIONS FROM PARTNERSHIPS
    1271 AVE OF THE AMERICAS 42 FL
    NEW YORK,NY10020     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 186
    SALVATION ARMY
    615 SLATERS LN
    ALEXANDRIA,VA22313     		N/A PUBLIC CHARITY GENERAL EXEMPT PURPOSE 3,046,181
    Total .................................bullet 3a 9,138,728
    bApproved for future payment
    Total .................................bullet 3b 0
    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.....          
    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 17,108,302  
    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) .. 0 19,499,555 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    19,499,555
    (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 InvestmentsCorpBondsSchedule
    Name:
    THOMAS LYLE WILLIAMS TRUST
     
    BESSEMER TRUST COMPANY NA
    EIN:
    36-6673112
    Name of Bond End of Year Book Value End of Year Fair Market Value
    450000.00 ESTEE LAUDER CO INC 489,509 466,513
    250000.00 NUCOR CORP 251,814 255,111
    225000.00 AMAZON.COM INC 224,955 224,826
    290000.00 HP ENTERPRISE CO 290,186 290,042
    485000.00 CHEVRON USA INC 481,566 475,334
    430000.00 ROSS STORES INC 476,476 470,786
    311000.00 SHERWIN-WILLIAMS CO 339,606 331,018
    415000.00 SOUTHWEST AIRLINES CO 477,238 475,001
    592000.00 JPMORGAN CHASE & CO 593,049 587,060
    450000.00 ALLY FINANCIAL INC 443,889 447,188
    425000.00 BROADCOM INC 475,051 464,782
    470000.00 BLACKROCK INC 465,817 466,416
    480000.00 SOUTHERN CAL EDISON 479,256 475,919
    470000.00 CHARLES SCHWAB CORP 472,710 475,636
    284000.00 GENERAL MOTORS FINL CO 312,488 305,984
    420000.00 US BANCORP 420,000 418,809
    430000.00 CONAGRA BRANDS INC 490,251 473,027
    440000.00 CONSTELLATION BRANDS INC 481,868 463,530
    480000.00 WEC ENERGY GROUP INC 479,428 475,337
    480000.00 PUBLIC STORAGE 480,098 479,177
    410000.00 UNION PACIFIC CORP 479,569 460,240
    489000.00 VERIZON COMMUNICATIONS 494,443 462,828
    475000.00 NEXTERA ENERGY CAPITAL 477,104 474,017
    450000.00 ROPER TECHNOLOGIES INC 488,661 466,163
    490000.00 VALERO ENERGY CORP 491,120 489,500
    485000.00 AMERICAN HONDA FINANCE 485,250 485,519
    119000.00 SALESFORCE.COM INC 122,921 122,744
    113000.00 JPMORGAN CHASE & CO 113,142 126,202
    468000.00 VISA INC 487,014 475,643
    178000.00 HP ENTERPRISE CO 201,037 197,535
    390000.00 ANTHEM INC 415,904 428,051
    440000.00 ABBVIE INC 478,069 467,599
    490000.00 MORGAN STANLEY 490,000 499,578
    445000.00 MCDONALD'S CORP 476,673 472,297
    500000.00 PNC BANK NA 500,000 500,125
    485000.00 AIR PRODUCTS & CHEMICALS 487,268 487,403
    475000.00 PAYPAL HOLDINGS INC 484,758 480,866
    485000.00 EXXON MOBIL CORPORATION 485,000 490,553
    560000.00 APPLE INC 560,000 560,520
    390000.00 LOWE'S COS INC 383,307 406,250
    200000.00 SABINE PASS LIQUEFACTION 217,941 229,506
    395000.00 ENERGY TRANSFER PARTNERS 452,879 445,417
    145000.00 GENERAL MOTORS FINL CO 157,923 154,522
    427000.00 GOLDMAN SACHS GRP INC FRN 427,054 428,389
    340000.00 BANK OF AMERICA CORP 340,000 357,915
    580000.00 CITIGROUP INC 585,003 625,567
    445000.00 COMCAST CORP 475,759 472,908
    445000.00 NATIONAL RURAL UTIL COOP 444,608 445,312
    400000.00 BANCO SANTANDER SA 406,864 397,738
    485000.00 CREDIT SUISSE NEW YORK 484,112 472,942
    285000.00 MAGNA INTERNATIONAL INC 292,638 300,156
    225000.00 DIAGEO CAPITAL PLC 215,525 229,697
    34199.81 BANC OF AMERICA MORTGAGE 39,020 33,229
    108613.45 WOART 2018-D A3 108,591 109,535
    400000.00 VZMT 2021-1 B 399,976 392,932

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THOMAS LYLE WILLIAMS TRUST
     
    BESSEMER TRUST COMPANY NA
    EIN:
    36-6673112
    Name of Stock End of Year Book Value End of Year Fair Market Value
    758755.35 OW SMALL & MIDCAP STRAT FD 11,664,279 13,695,534
    494075.58 ARTISAN GLOBAL VALUE INS 8,107,798 10,113,727
    690974.11 OW LARGE CAP STRATEGIES FD 9,029,949 13,017,952
    227.00 ALPHABET INC. CLASS A 37,545 657,628
    212.00 ALPHABET INC CLASS C 35,059 613,441
    2177.00 META PLATFORMS INC 160,182 732,233
    2312.00 T-MOBILE US INC 338,212 268,145
    789.00 CHARTER COMMUNICATIONS INC 317,848 514,404
    2322.00 WALT DISNEY CO 426,987 359,654
    683.00 NETFLIX INC 63,040 411,466
    11195.00 COMCAST CORP CL A NEW 328,299 563,444
    1953.00 DOLLAR GENERAL CORP 133,362 460,575
    3972.00 NIKE INC CL B 153,313 662,013
    210.00 BOOKING HLDGS INC 398,697 503,838
    370.00 AMAZON.COM INC 225,507 1,233,705
    5263.00 TJX COMPANIES INC 187,476 399,566
    2900.00 YUM BRANDS INC 206,676 402,694
    224.00 CHIPOTLE MEXICAN GRILL 125,371 391,608
    3038.00 ROSS STORES INC 292,557 347,182
    835.00 COSTCO WHSL CORP NEW 33,365 474,029
    1857.00 PEPSICO INC 101,813 322,579
    4281.00 NESTLE SA SPNS ADR REPS 186,167 598,770
    1393.00 BERKSHIRE HATHAWAY CL B 254,863 416,507
    4591.00 JPMORGAN CHASE & CO 254,820 726,984
    5669.00 PROGRESSIVE CORP OHIO 68,091 581,922
    753.00 S&P GLOBAL INC. 49,485 355,363
    1962.00 BECTON DICKINSON & CO 151,853 493,403
    3055.00 JOHNSON & JOHNSON 116,181 522,618
    3856.00 ROCHE HLDG LTD SPON ADR 79,397 200,546
    3066.00 NOVARTIS AG ADR 127,415 268,183
    1342.00 THERMO FISHER SCIENTIFIC 242,055 895,436
    1341.00 UNITEDHEALTH GROUP INC 137,931 673,369
    843.00 INTUITIVE SURGICAL 205,641 302,889
    2396.00 UNION PACIFIC CORP 176,525 603,624
    989.00 ROPER TECHNOLOGIES INC. 169,527 486,449
    2961.00 FEDEX CORP 335,140 765,833
    459.00 TRANSDIGM GROUP INC COM 142,478 292,052
    1513.00 VERISK ANALYTICS INC-CL A 158,376 346,068
    3837.00 APPLE INC 49,186 681,336
    4157.00 MICROSOFT CORP 88,763 1,398,082
    2053.00 ANALOG DEVICES 242,370 360,855
    580.00 ADOBE INC 14,845 328,894
    1508.00 GUIDEWIRE SOFTWARE INC 176,658 171,203
    7489.00 INFINEON TECH ADR AG 314,792 347,130
    3044.00 TEXAS INSTRUMENTS INC 72,844 573,702
    2036.00 MASTERCARD CL A 195,083 731,575
    4657.00 ARISTA NETWORKS INC 251,470 669,443
    1604.00 WORKDAY INC CL A 205,591 438,180
    1239.00 ECOLAB INC 137,792 290,657
    1579.00 AIR PRODUCTS & CHEMICALS 79,766 480,426
    3252.00 LIVE NATION ENTERTMNT INC 234,815 389,231
    6440.00 POWERSCHOOL HOLDINGS INC 148,418 106,066
    530.00 POOL CORP 164,196 299,980
    14689.00 AMER EAGLE OUTFITTERS NEW 466,882 371,925
    2263.00 SERVICE CORP INTL 76,953 160,650
    1406.00 TRACTOR SUPPLY 174,239 335,471
    1776.00 WILLIAMS SONOMA 114,055 300,374
    182.00 ULTA BEAUTY INC 53,716 75,045
    3280.00 DUCKHORN PORTFOLIO INC/THE 67,240 76,555
    2941.00 MORNINGSTAR 645,353 1,005,792
    1944.00 FIRST REP BK SAN FRANC 46,073 401,455
    2348.00 CINCINNATI FINANCIAL CORP 144,707 267,507
    11664.00 BROWN & BROWN INC 380,397 819,745
    1624.00 STERIS PLC 256,536 395,297
    2162.00 PERKINELMER INC 29,947 434,691
    623.00 REPLIGEN CORP 74,751 164,995
    12088.00 MARAVAI LIFESCIENCES HOLDI 463,697 506,487
    2460.00 ADVANCED DRAINAGE SYSTEMS 186,548 334,879
    5071.00 CORE & MAIN INC 118,688 153,854
    2899.00 TORO CO 174,218 289,639
    9588.00 CLARIVATE PLC 129,501 225,509
    3875.00 TRANSUNION 368,161 459,497
    2947.00 JACOBS ENGR GROUP INC 181,182 410,310
    689.00 SAIA INC COM 137,219 232,213
    1266.00 TELEDYNE TECHNOLOGIES INC 551,959 553,102
    2554.00 PAYCHEX INC 65,662 348,621
    1038.00 COUPA SOFTWARE INC 193,969 164,055
    4315.00 GODADDY INC 191,396 366,170
    7028.00 CERIDIAN HCM HLDG INC 450,901 734,144
    2893.00 EVERBRIDGE INC 243,693 194,785
    9977.00 SS&C TECHNOLOGIES HOLDINGS 546,395 817,914
    3874.00 CDW CORP/DE 378,073 793,317
    4144.00 ENTEGRIS INC 300,398 574,275
    4977.00 AMPHENOL CORP 115,933 435,288
    1336.00 AVERY DENNISON CORP 255,932 289,337
    1974.00 MARTIN MARIETTA MATL INC 439,030 869,586
    118.00 CHARTER COMMUNICATIONS INC 55,648 76,932
    161.00 ALPHABET INC CLASS C 149,994 465,867
    870.00 META PLATFORMS INC 151,732 292,624
    255.00 SEA LTD ADR 11,310 57,046
    860.00 HILTON WORLDWIDE HOLDINGS 90,054 134,151
    23.00 MERCADOLIBRE INC 35,651 31,013
    775.00 APTIV PLC 116,054 127,836
    155.00 LVMH MOET HENNESSY VUITTON 66,814 127,627
    1205.00 NIKE INC CL B 82,162 200,837
    87.00 AMAZON.COM INC 92,695 290,087
    168.00 HOME DEPOT 22,755 69,721
    810.00 ROSS STORES INC 79,370 92,566
    870.00 PEPSICO INC 92,483 151,127
    350.00 PIONEER NATURAL RESOURCES 57,265 63,658
    1910.00 CONOCOPHILLIPS 104,693 137,863
    1380.00 BLACKSTONE INC 78,931 178,558
    2060.00 SCHWAB CHARLES CORP NEW 107,406 173,246
    191.00 AON PLC 41,305 57,406
    147.00 MSCI INC 64,758 90,065
    248.00 S&P GLOBAL INC. 82,366 117,038
    1475.00 CITIGROUP INC 65,070 89,075
    5095.00 BANK OF AMERICA CORP 159,002 226,676
    810.00 JPMORGAN CHASE & CO 124,615 128,263
    400.00 UNITEDHEALTH GROUP INC 102,623 200,856
    675.00 ZOETIS INC 54,259 164,720
    890.00 IQVIA HOLDINGS INC 134,071 251,104
    575.00 CATALENT INC 62,976 73,617
    500.00 DANAHER CORP 42,908 164,505
    251.00 THERMO FISHER SCIENTIFIC 14,316 167,477
    685.00 SAFRAN SA 86,386 83,526
    516.00 UNION PACIFIC CORP 88,240 129,995
    810.00 EATON CORP PLC 115,811 139,984
    220.00 CINTAS CORP 40,781 97,497
    297.00 NORTHROP GRUMMAN CORP 108,974 114,959
    1295.00 AMPHENOL CORP 62,652 113,260
    135.00 SERVICENOW INC 27,673 87,629
    1210.00 VISA INC 145,610 262,219
    2775.00 APPLE INC 106,128 492,756
    168.00 ASML HOLDING 80,215 134,469
    1885.00 MICROSOFT CORP 154,950 633,963
    195.00 NVIDIA CORP 56,392 57,351
    1005.00 TEXAS INSTRUMENTS INC 107,154 189,412
    204.00 ADOBE INC 103,781 115,680
    635.00 VULCAN MATERIALS 117,779 131,813
    267.00 AIR PRODUCTS & CHEMICALS 62,703 81,237
    622.00 AMERICAN TOWER CORP 127,843 181,935
    835.00 AMEREN CORP 55,399 74,323
    365.00 AMERICAN WATER WORKS CO 19,709 68,933
    550000.00 OW CREDIT INCOME FUND 5,500,000 5,549,500
    275988.96 TOUCHSTONE SANDS CAPITAL E 6,000,000 5,337,626

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THOMAS LYLE WILLIAMS TRUST
     
    BESSEMER TRUST COMPANY NA
    EIN:
    36-6673112
    US Government Securities - End of Year Book Value:

    24,163,084
    US Government Securities - End of Year Fair Market Value:

    24,314,351
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THOMAS LYLE WILLIAMS TRUST
     
    BESSEMER TRUST COMPANY NA
    EIN:
    36-6673112
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    1.00 SELECT EQUITY LP BAXTER AT COST 4,550,000 7,642,482
    3082.34 5TH AVE MUL-STRAT OFF S1 AT COST 7,719,580 9,135,829
    3589.93 5TH AVE MUL-STRAT OFF S1 AT COST 8,000,000 10,640,284

    TY 2021 OtherAssetsSchedule
    Name:
    THOMAS LYLE WILLIAMS TRUST
     
    BESSEMER TRUST COMPANY NA
    EIN:
    36-6673112
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BROOKFIELD BUSINESS PARTNERS LP 2,278 2,333 2,333
    FIFTH AVENUE PRIVATE EQUITY 11 LLC 1,817,253 1,478,463 1,471,593
    FIFTH AVENUE PRIVATE EQUITY 12 LLC 1,867,629 1,534,163 1,505,413
    FIFTH AVENUE PRIVATE EQUITY 13 LLC 2,449,612 2,394,291 2,346,022
    FIFTH AVENUE PRIVATE EQUITY 14 LLC 1,964,297 2,430,818 2,445,787
    FIFTH AVENUE PRIVATE EQUITY 15 LLC 1,347,496 3,171,707 3,135,885
    FIFTH AVENUE PRIVATE EQUITY 16 LLC 0 475,996 474,598
    FIFTH AVENUE REAL ASSETS 3 LLC 1,300,081 1,323,903 1,173,223
    FIFTH AVENUE REAL ASSETS 4 LLC 1,199,742 2,550,564 2,123,283
    FIFTH AVENUE REAL ASSETS 5 LLC -25,512 398,259 366,662
    LINDSAY GOLDBERG V LP 0 538,783 352,449
    POLUNIN DEVELOPING COUNTRIES FUND LLC 3,095,984 3,656,387 3,655,353


    TY 2021 OtherExpensesSchedule
    Name:
    THOMAS LYLE WILLIAMS TRUST
     
    BESSEMER TRUST COMPANY NA
    EIN:
    36-6673112
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER DEDUCTIONS THROUGH PARTNERSHIPS 67,840 67,840   0
    NONDEDUCTIBLE EXPENSES THROUGH PARTNERSHIPS 1,185 0   0


    TY 2021 OtherIncreasesSchedule
    Name:
    THOMAS LYLE WILLIAMS TRUST
     
    BESSEMER TRUST COMPANY NA
    EIN:
    36-6673112
    Description Amount
    TIMING DIFFERENCE 21,861


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THOMAS LYLE WILLIAMS TRUST
     
    BESSEMER TRUST COMPANY NA
    EIN:
    36-6673112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 201,934 201,934   0
    ADR FEES 121 121   0
    DJURIC SPRATT - FEES 4,483 4,483   0
    JOHN W. BRISTOL & CO. INC. 59,265 59,265   0
    SELECT EQUITY GROUP INC. 154,640 154,640   0
    SOUTHEAST ASSET ADVISORS INC. 111,751 111,751   0
    INVESTMENT FEES FROM PARTNERSHIPS 669,951 669,951   0


    TY 2021 TaxesSchedule
    Name:
    THOMAS LYLE WILLIAMS TRUST
     
    BESSEMER TRUST COMPANY NA
    EIN:
    36-6673112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESTIMATED TAX PAYMENTS 35,000 0   0
    FEDERAL EXCISE TAX PAID 10,000 0   0
    FEDERAL TAX CREDITS FROM PARTNERSHIPS 353 0   0
    FOREIGN TAX PAID 9,338 9,338   0
    FOREIGN TAX PAID FROM PARTNERSHIPS 27,676 27,676   0
    FOREIGN TAX WITHHELD IN EXCESS 8,447 0   0
    STATE TAX WITHHOLDINGS THROUGH PARTNERSHIPS 12,614 12,614   0