TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2021

Open to Public Inspection

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

Name of foundation
LT Murray Family Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

51-0163345

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$10,440,938J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	70		70
4	Dividends and interest from securities...	225,485		225,485
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		611,240
b	Gross sales price for all assets on line 6a 2,152,316
7	Capital gain net income (from Part IV, line 2)...			611,239
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).......		21,039	21,039
12	Total. Add lines 1 through 11........	857,834		857,833
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		7,645	0	0	7,645
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		71,989	71,989
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		11,066	6,066
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	6,000				6,000
21	Travel, conferences, and meetings.......	608				608
22	Printing and publications..........	397				397
23	Other expenses (attach schedule).......		27,979	1,990		25,989
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	125,684		80,045	0	40,639
25	Contributions, gifts, grants paid.......	341,892				341,892
26	Total expenses and disbursements. Add lines 24 and 25	467,576		80,045	0	382,531
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	390,258
b	Net investment income (if negative, enter -0-)			777,788
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	63,644	224,043	224,043
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,056,053	945,278	979,060
	b	Investments—corporate stock (attach schedule).......	4,745,288	5,209,816	7,540,042
	c	Investments—corporate bonds (attach schedule).......	1,061,347	1,166,293	1,212,041
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	589,043	360,203	485,752
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,515,375	7,905,633	10,440,938
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	7,515,375	7,905,633
	29	Total net assets or fund balances (see instructions).....	7,515,375	7,905,633
	30	Total liabilities and net assets/fund balances (see instructions).	7,515,375	7,905,633

Part III

Analysis of Changes in Net Assets or Fund Balances

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

7,515,375

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

390,258

Other increases not included in line 2 (itemize) bullet

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

7,905,633

Decreases not included in line 2 (itemize) bullet

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

7,905,633

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	MORRSTINCFD - MORRISON STREET INCOME FUND LP	P	2017-01-01	2021-12-31
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,049,477	1,437,219	612,258
b	102,839	103,858	-1,019
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			612,258
b			-1,019
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	611,239
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	10,811
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	10,811
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	7,304
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	3,600
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	10,904
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	93
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax93	Refunded	11

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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

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

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

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

16 No

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

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

Yes

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

1a(3)

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

1a(4)

Yes

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Anita Barbey	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Amy Butson	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Gary Coover Jr	Dir, Pres 2.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 2.0	0	0	0
Kelsey Hayford	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Helena B Lankton	Dir, Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Treas 1.0	0	0	0
Elizabeth Mirante	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Bailey Murray	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
LT Toby Murray III	Dir, Executive Dir 20.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Executive Dir 20.0	0	0	0
Laura Weselmann	Sec 2.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Sec 2.0	0	0	0

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










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

Form 990-PF (2021)

Page 7

Part VII

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

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

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

9,294,193

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

138,082

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

588,591

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

10,020,866

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

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

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

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

10,020,866

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

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

150,313

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

9,870,553

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

493,528

Part X

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

and do not complete this part.)

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

493,528

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

10,811

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

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

10,811

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

482,717

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

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

482,717

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

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

482,717

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			482,717
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:2019, 2018, 2017
3 Excess distributions carryover, if any, to 2021:
a From 2016......	6,752
b From 2017......
c From 2018......	47,404
d From 2019......	46,826
e From 2020......	17,012
f Total of lines 3a through e ........		117,994
4Qualifying distributions for 2021 from Part
XI, line 4: $ 382,531
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....			382,531
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.		100,186	100,186
(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		17,808
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		17,808
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....	796
d Excess from 2020....	17,012
e Excess from 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 4942(j)(3) or4942(j)(5)

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

NONE

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

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

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ACTBLUE CHARITIES INC 366 SUMMER ST SOMERVILLE,MA02144	N/A	PC	Movement for Black Lives Fund	2,500
CHILDRENS MIRACLE NETWORK 205 W 700 S SALT LAKE CTY,UT84101	N/A	PC	General & Unrestricted	2,675
COLLABORATIVE EFFORT INC 2304 JEFFERSON AVE TACOMA,WA98402	N/A	PC	RAIN Incubator fund	7,500
COLUMBIA RIVER MARITIME MUSEUM INC 1792 MARINE DR ASTORIA,OR97103	N/A	PC	Barbey Lankton Education Endowment Fund	25,000
COMMUNITY HEALTH CARE 1148 BROADWAY STE 100 TACOMA,WA98402	N/A	PC	General & Unrestricted	2,500
DEGREES OF CHANGE PO BOX 1573 TACOMA,WA98401	N/A	PC	General & Unrestricted	12,000
EMERGENCY FOOD NETWORK OF TACOMA AND PIERCE COUNTY 3318 92ND ST S LAKEWOOD,WA98499	N/A	PC	General & Unrestricted	2,500
FOUNDATION FOR TACOMA STUDENTS 919 S 9TH ST TACOMA,WA98405	N/A	PC	Graduate Tacoma	10,000
FRIENDS OF LAKEWOLD PO BOX 39780 LAKEWOOD,WA98496	N/A	PC	General & Unrestricted	10,000
GREATER TACOMA COMMUNITY FOUNDATION 950 PACIFIC AVE STE 1100 TACOMA,WA98402	N/A	PC	Melanie Dressel Park - Parks on the Foss	15,000
GREENTRIKE 1501 PACIFIC AVE STE 202 TACOMA,WA98402	N/A	PC	General & Unrestricted	7,500
HAMLIN ROBINSON SCHOOL 1701 20TH AVE S SEATTLE,WA98144	N/A	PC	General & Unrestricted	10,000
HELEN B MURRAY ONCOLOGY FOUNDATION 4230 BRIDGEPORT WAY W STE B UNIVERSITY PLACE,WA98466	N/A	PC	General & Unrestricted	11,000
HUMANE SOCIETY FOR SEATTLE-KING CO 13212 SE EASTGATE WAY BELLEVUE,WA98005	N/A	PC	General & Unrestricted	2,500
JUSTICE DANCE PERFORMANCE PROJECT INC 75 CHARTER OAK AVE - STE 206 HARTFORD,CT06106	N/A	PC	General & Unrestricted	1,050
METRO AQUATICS BOOSTERS 6817 27TH ST W UNIVERSITY PL,WA98466	N/A	PC	General & Unrestricted	1,000
MULTICARE FOUNDATIONS PO BOX 5299 MSC 1313-5-PAY TACOMA,WA98415	N/A	PC	Pop Up Vaccination Program	30,000
NEW PHOEBE HOUSE ASSOCIATION PO BOX 5245 TACOMA,WA98415	N/A	PC	General & Unrestricted	10,000
NOURISH PIERCE COUNTY 1702 S 72ND ST STE E TACOMA,WA98408	N/A	PC	General & Unrestricted	7,500
NW FURNITURE BANK 117 PUYALLUP AVE TACOMA,WA98421	N/A	PC	General & Unrestricted	3,500
NW THUNDER HOOPS 1119 180TH ST E SPANAWAY,WA98387	N/A	PC	General & Unrestricted	2,500
OREGON FOOD BANK INC 7900 NE 33RD DR PORTLAND,OR97211	N/A	PC	General & Unrestricted	7,500
PEDIATRIC INTERIM CARE CENTER INC 328 4TH AVE S KENT,WA98032	N/A	PC	General & Unrestricted	5,000
ROSE HAVEN CIC PO BOX 10405 PORTLAND,OR97296	N/A	PC	General & Unrestricted	10,000
SYMPHONY TACOMA 901 BROADWAY STE 600 TACOMA,WA98402	N/A	PC	General & Unrestricted	4,000
TACOMA ART MUSEUM TACOMA WA 1701 PACIFIC AVE TACOMA,WA98402	N/A	PC	General & Unrestricted	75,000
TACOMA ARTS LIVE 1001 S YAKIMA AVE STE 1 TACOMA,WA98405	N/A	PC	General & Unrestricted	7,500
TACOMA MUSICAL PLAYHOUSE 7116 6TH AVE TACOMA,WA98406	N/A	PC	General & Unrestricted	2,500
THE RESCUE MISSION PO BOX 1912 TACOMA,WA98401	N/A	PC	Adams Family Shelter	2,500
TRINTY PRESBYTERIAN CHURCH 1615 6TH AVE TACOMA,WA98405	N/A	PC	Trinity Aftercare program	5,000
UNIVERSITY OF WASHINGTON FOUNDATION PO BOX 359505 SEATTLE,WA98195	N/A	PC	Milgard Building	41,667
YWCA PIERCE COUNTY 405 BROADWAY TACOMA,WA98402	N/A	PC	For elevator repairs	5,000
Total ................................. 3a				341,892

bApproved for future payment

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

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	70
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	611,240
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss			14	21,039
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				857,834

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

857,834

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2021)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2021 DepreciationSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC - 4.500% - 05/14/20	64,487	65,601
AMERICAN TOWER CORP - 5.000% -	52,035	53,831
AMGEN INC - 6.400% - 02/01/203	50,952	71,161
BURLINGTON NORTHERN SANTA FE -	50,019	50,514
COMCAST CORP NOTE CALL - 3.900	50,767	50,747
GEORGIA PWR CO - 4.300% - 03/1	54,229	56,843
GOLDMAN SACHS - 2.600% - 02/07	61,178	61,064
HOME DEPOT INC - 3.300% - 04/1	67,608	64,689
HONEYWELL INTL INC - 3.350% -	78,052	78,381
INTEL CORP - 2.700% - 12/15/20	74,969	76,864
JPMORGAN CHASE & CO - 3.300% -	72,015	74,379
LOCKHEED MARTIN CORP - 4.850%	76,190	95,883
LOWE'S COMPANIES INC - 3.875%	52,088	52,121
MORGAN STANLEY - 4.000% - 07/2	105,284	108,331
ORACLE CORP - 3.800% - 11/15/2	53,637	51,852
STARBUCKS CORP - 2.550% - 11/1	67,825	66,183
VERIZON - 3.875% - 02/08/2029	83,447	83,182
WELLS FARGO CO - 4.150% - 01/2	51,511	50,415

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	37,288	40,111
ABBVIE INC	82,764	152,325
ALPHABET INC CL A	53,355	202,793
AMAZON COM	74,899	83,359
AMERIPRISE FINANCIAL INC	19,078	48,266
AMETEK INC	18,040	27,202
ANALOG DEVICES INC	65,804	108,099
AON PLC CL A	8,280	13,525
APPLE INC	64,453	183,430
APPLIED MATERIALS INC	29,061	39,340
AT&T, INC	50,436	38,130
AUTONATION INC	24,270	37,976
AVERY DENNISON CORP	42,790	84,462
BEST BUY INC	78,101	71,120
BLACKROCK INC	19,482	53,102
BOSTON PPTYS INC	65,566	70,836
BROADCOM INC	62,279	147,056
BROWN & BROWN INC	28,643	30,923
CANADIAN NATURAL RESOURCES LTD	20,593	28,308
CANADIAN PACIFIC RAILWAY LTD	14,224	15,467
CAPITAL ONE FINANCIAL CORP	42,940	48,605
CARRIER GLOBAL	8,010	27,662
CELANESE CORPORATION	22,865	35,293
CHARTER COMMUNICATIONS, INC	18,301	18,255
CHEVRON CORP	81,064	104,442
CISCO SYSTEMS INC	85,310	127,374
COTERRA ENERGY INC	33,983	34,010
DANA HOLDING CP	22,582	26,471
DASSAULT SYS SA SPN ADR	14,796	19,098
DBS GROUP HLDGS SPON ADR	12,685	22,393
DEUTSCHE POST AG	19,504	21,146
DIGITAL RLTY TR INC	55,321	77,823
EAST WEST BANCORP, INC	30,687	52,716
EATON CORP PLC	25,541	46,661
EMERSON ELECTRIC CO	32,714	39,047
ENTERGY CORP	54,918	76,602
ERSTE BK DER OEST SP	13,015	14,818
FERGUSON PLC	23,121	43,951
FIRST HORIZON NATL	47,566	48,174
FORTINET INC	41,733	68,286
FORTIVE CORPORATION	54,769	60,269
GALLAGHER ARTHUR J & CO	4,803	18,664
HARDING LOEVNER INSTITUTIONAL	124,660	181,805
HERBALIFE LTD	15,139	11,460
HOME DEPOT INC	61,653	120,353
HONEYWELL INTL	70,552	112,595
HOYA CORP SPONS ADR	12,574	32,158
ING GROUP N V SPONSORED ADR	18,588	26,448
INTERCONTINENTAL HOTELS GROUP	10,002	12,716
ISHARES MSCI EAFE SMALL CAP IN	39,490	49,701
ISHARES MSCI-JAPAN	21,640	24,106
ISHARES RUSSELL 2000	162,374	281,399
JBS S.A. ADR	12,877	20,961
JOHNSON & JOHNSON	98,041	107,774
JOHNSON CONTROLS INTERNATIONAL	29,987	62,609
JP MORGAN CHASE	90,288	162,309
JPMORGAN U.S. SMALL COMPANY FU	241,173	289,714
KINDER MORGAN INC	20,887	15,701
KINGFISHER PLC	12,806	18,400
L'AIR LIQUIDE ADR OTC	12,196	12,553
LEGGETT PLATT INC	20,729	21,403
LEGRAND INC	11,325	17,520
LKQ CORPORATION	24,741	34,817
LOCKHEED MARTIN CORP	14,040	14,216
MACQUARIE GROUP LTD ADR	13,953	17,263
MAGNA INTERNATIONAL INC	16,810	16,188
MASCO CORP	44,313	55,474
MASTERCARD INC	33,254	32,339
MATTHEWS PACIFIC TIGER FUND I	125,754	112,941
MCDONALD'S CORP	54,632	62,996
MEDTRONIC PLC	18,408	22,759
MERCK & CO INC	25,992	37,554
META PLATFORMS INC	36,450	67,270
METLIFE INC	13,824	19,372
MICROSOFT CORP	49,125	302,687
MORGAN STANLEY	72,844	138,406
MOTOROLA SOLUTIONS INC	40,396	58,416
NEXTERA ENERGY, INC	18,033	29,875
NIKE INC-CL B	17,205	33,334
NOVO NORDISK A S	10,520	24,640
NUTRIEN LTD	16,279	21,808
NXP SEMICONDUCTORS	11,920	29,611
ORIX CORP ADS	22,126	27,481
OSHKOSH CORP	30,371	33,249
PARKER HANNIFIN CP	21,513	34,993
PFIZER INC	122,292	175,969
PHILIP MORRIS INTL	72,894	83,600
PROCTER GAMBLE CO	64,093	99,784
RECRUIT HOLDINGS CO	8,480	12,789
ROCHE HOLDING LTD ADR	16,531	27,913
RWE AKTIENGESELLSCHAF	13,328	18,374
SALESFORCE.COM	48,708	45,743
SCHLUMBERGER LTD	28,940	37,138
SHIN-ETSU CHEMICAL C	14,141	22,578
SONIC HEALTHCARE LTD SHS	7,794	8,410
SONY GROUP CORP	16,182	58,144
SSE PLC SPON ADR	13,637	14,934
STRYKER CORPORATION	15,097	21,394
TECHNIPFMC PLC	10,981	8,762
TFI INTERNATIONAL	8,896	20,740
THE BLACKSTONE GROUP INC CL A	49,090	43,993
THERMO FISHER SCIENTIFIC INC	14,895	40,034
TJX COMPANIES INC	65,291	73,642
TORONTO DOMINION	14,730	20,704
TOTALENERGIES SE	10,463	8,903
TRUIST FINANCIAL CORPORATION	82,956	99,652
UNION PACIFIC	90,318	123,446
UNITEDHEALTH GROUP INC	78,152	125,535
UNIVERSAL MUSIC GROUP	17,743	17,792
VERIZON COMMUNICATIONS	55,861	50,401
VERSUS CAPITAL MULTI MNGR REAL	335,532	379,679
VERSUS CAPITAL REAL ASSETS FUN	380,161	406,424
VISA INC	33,457	46,593
VOYA FINANCIAL INC	37,780	43,102
WAL-MART STORES INC	25,113	27,491
WARNER MUSIC GRP CRP	18,112	21,590
ZOETIS INC	13,050	37,825

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

LT Murray Family Foundation

EIN:

51-0163345

US Government Securities - End of Year Book Value:

945,278

US Government Securities - End of Year Fair Market Value:

979,060

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

LT Murray Family Foundation

EIN:

51-0163345

Category/ Item	Book Value	End of Year Fair Market Value
CAIS MILLENNIUM INTL LTD CL D	168,512	330,595
MORRISON STREET DEBT OPP FD II	154,933	148,155
MORRISON STREET DEBT OPP FD LP	36,758	7,002

- TIN:

TY 2021 LegalFeesSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Document Review/Drafting	4,860			4,860
General Consultations	2,785			2,785

- TIN:

TY 2021 OtherExpensesSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	25,859		25,859
Bank Charges	1,163	1,163
K-1 Exp MORRISON STREET DEBT O	753	753
K-1 Exp MORRISON STREET DEBT O	74	74
Office Supplies	105		105
State or Local Filing Fees	25		25

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

LT Murray Family Foundation

EIN:

51-0163345

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
K-1 Inc/Loss MORRISON STREET DEBT OPP FD II LP	9,906	9,906
K-1 Inc/Loss MORRISON STREET DEBT OPP FD LP	11,133	11,133

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	71,989	71,989

- TIN:

TY 2021 TaxesSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2021	5,000
Foreign Tax Paid	6,066	6,066