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
POWERS-WOLFE CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)6102 S HIGHLANDS AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MADISON, WI53705
A Employer identification number

39-6609049
B Telephone number (see instructions)

(608) 831-5208
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$14,457,702J 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... 188,238 188,238  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -77,298
b Gross sales price for all assets on line 6a 3,273,815
7 Capital gain net income (from Part IV, line 2)... 0
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........ 110,940 188,238  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,470 1,235   1,235
c Other professional fees (attach schedule).... Click to see attachment 84,357 84,357   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,050 8,050   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 94,877 93,642   1,235
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 94,877 93,642   1,235
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 16,063
b Net investment income (if negative, enter -0-) 94,596
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......... 12,131,558 404,606 404,606
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 1,377,804 Click to see attachment13,390,270 14,053,096
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,509,362 13,794,876 14,457,702
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........... 13,509,362 13,794,876
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 13,509,362 13,794,876
30 Total liabilities and net assets/fund balances (see instructions). 13,509,362 13,794,876
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
13,509,362
2
Enter amount from Part I, line 27a .....................
2
16,063
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
269,451
4
Add lines 1, 2, and 3 ..........................
4
13,794,876
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
13,794,876
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 STOCK P    
b RETURN OF PRINCIPAL P    
c RETURN OF PRINCIPAL 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 3,011,236   3,093,832 -82,596
b 36,637   36,637 0
c 220,644   220,644 0
d 5,298     5,298
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       -82,596
b       0
c       0
d       5,298
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 -77,298
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 1,315
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 1,315
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,293
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,293
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 22
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    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 ofbulletTHOMAS R WOLFE Telephone no.bullet (608) 831-5208

    Located atbullet6102 SOUTH HIGHLANDS AVEMADISONWI ZIP+4bullet53705
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    THOMAS R WOLFE TRUSTEE
    1.00     		0 0 0
    6102 SOUTH HIGHLANDS AVE
    MADISON,WI53705
    PATRICIA A POWERS TRUSTEE
    1.00     		0 0 0
    6102 SOUTH HIGHLANDS AVE
    MADISON,WI53705
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    12,280,988
    b
    Average of monthly cash balances.......................
    1b
    1,634,315
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,915,303
    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
    13,915,303
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    208,730
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    13,706,573
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    685,329
    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
    685,329
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    1,315
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,315
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    684,014
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    684,014
    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
    684,014
    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 7 684,014
    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......  
    b From 2017......  
    c From 2018...... 1,850
    d From 2019...... 44,084
    e From 2020......  
    f Total of lines 3a through e ........ 45,934
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,235
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 1,235
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 45,934 45,934
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		636,845
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    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).)
    THOMAS R WOLFE
    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
    Total .................................bullet 3a 0
    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 ............     		    14 -77,298  
    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) .. 0 110,940 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    110,940
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,470 1,235   1,235

    TY 2021 AppliedToPriorYearElection
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Election:
    PURSUANT TO IRC SEC. 4942(H)(20 AND REG. 53.4942(A)-3(D)(2), THE FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFING DISTRIBUTIONS IN EXCESS OF THE IMMEDIEATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF UNDISTRIBUTED INCOOME FOR 2006. THE AMOUNT ALLOCABLE TO 2006 IS $39,090.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AYDEN N V 29,271 34,005
    AGILENT TECHNOLOGIES 348 479
    AIA GROUP LTD 27,646 21,735
    AKAMAI 13,276 13,460
    APTIV PLC 6,143 5,938
    ARCHROCK INC 14,352 11,616
    AT&T INC 19,754 16,851
    AVISTA CORP 13,073 13,214
    ABBOTT LABORATORIES 4,428 6,193
    ACCENTURE PLC IRELAND 12,083 12,022
    ADIDAS AG SPONS 24,517 21,024
    ADOBE INC 62,784 73,151
    AIR PRODUCTS 31,945 36,511
    AIRBUS SE 16,283 18,827
    ALBANY INTL CORP 38,476 45,640
    ALCON INC 24,426 28,575
    ALIBABA GROUP HOLDING 22,832 10,335
    ALLIANZ SE 10,996 11,026
    ALLISON TRANSMISSION 15,073 14,613
    ALPHABET INC 40,992 60,765
    ALPHABET INC 74,506 101,396
    ALTRA INDUSTRIAL MOTION 17,591 16,193
    ALTRIA GROUP INC 11,150 12,369
    AMADEUS IT GROUP SA ADS 24,407 24,786
    AMAZON.COM INC 138,745 140,042
    AMERCO 18,997 21,061
    AMERICAN CAMPUS COMMUNITIES INC 15,078 17,645
    AMERICAN EXPRESS CO 25,300 30,920
    AMERICAN FINANCIAL GRP INC OHIO 14,569 14,693
    AMERICAN TOWER CORP 38,147 47,093
    AMERICOLD REALTY TRUST 10,646 9,339
    AMETEK INC 7,178 8,822
    AMGEN INC 7,583 7,199
    AMPHENOL CORP 11,723 12,069
    ANSYS INC 35,889 38,508
    ANTHEM INC 10,432 16,687
    AON PLC 7,880 10,820
    APPLE INC 63,207 86,299
    APPLIED MATERIALS INC 12,890 19,355
    ARCH CAPITAL GROUP LTD 12,419 16,091
    ARES MANAGEMENT CORP 1,932 2,926
    ARMSTRONG WORLD 19,466 23,805
    ASE TECHNOLOGY HOLDING 8,850 8,450
    ASML HOLDING NV 56,235 80,410
    ATLASSIAN CORP PLC 26,915 42,323
    ATLAS COPCO AB SPON ADR 18,906 23,357
    AUTODESK INC 46,778 43,584
    BCE INC 29,604 35,335
    BJS WHOLESALE CLUB 16,029 20,359
    BOK FINANCIAL CORP 16,895 20,465
    BADGER METER INC 4,738 4,902
    BAE SYSTEMS PLC 10,990 12,539
    BANKER HUGHES CO 18,422 20,427
    BANK OF HAWAII CORP 23,831 23,788
    BANK OF NEW YORK MELLON 8,578 11,848
    BANK OF AMERICA CORP 74,776 96,944
    BNP PARIBAS 49,579 55,316
    BATH & BODY WORKS INC 13,412 12,562
    BEIGNE LTD 21,956 16,256
    BERKSHIRE HATHAWAY INC 11,575 14,651
    BIO RAD LABS INC CL A 27,229 33,245
    BLACK KNIGHT INC 21,633 20,557
    BLACKROCK INC 17,453 23,805
    BOSTON SCIENTIFIC CORP 6,162 6,627
    BROADCOM INC 13,992 19,962
    BRIGHT HORIZONS FAMILY 490 378
    BRITISH AMERN TOBACCO 9,850 9,876
    BRITVIC PLC 4,368 5,187
    BROOKFIELD ASSET 61,646 86,343
    BROOKFIELD RENEWABLE 16,834 10,791
    BROOKFIELD INFRASTRUCTURE CORP 11,131 11,877
    AZENTA INC 29,393 37,532
    BROWN & BROWN INC 13,889 18,132
    BROWN-FORMAN CORP 600 583
    BRYN MAWR BANK CORP 23,432 27,231
    BURBERRY GROUP PLC 16,358 16,873
    DOW INC 8,859 8,678
    CBRE GROUP INC 9,887 17,145
    CDW CORP 7,203 9,625
    CRH PLC ADR 24,720 28,090
    CMC MATERIALS INC 16,755 19,169
    CABOT CORP 12,819 15,174
    CANDENCE DESIGN 8,802 11,926
    CAMDEN PROPERTY TRUST 8,210 10,006
    CANADIAN PACIFIC 24,727 24,460
    CAPITAL ONE 10,257 12,913
    CARLISLE COMPANIES INC 9,118 10,917
    CARMAX INC 35,411 37,246
    CATERPILLAR INC 10,791 9,717
    CELLNEX TELECOM S A ADR 12,150 12,220
    CERNER CORP 12,999 15,045
    CHARTER COMMUNICATIONS 45,028 44,986
    CHEESECAKE FACTORY 13,647 10,962
    CHEVRON CORP 17,772 22,883
    CHUBB LTD 30,552 36,536
    CISCO SYSTEMS INC 44,648 53,167
    CITIGROUP INC 14,545 13,890
    CIRRUS LOGIC INC 11,722 14,723
    CITIZENS FINANCIAL 18,936 20,554
    CITRIX SYSTEMS INC 11,794 10,878
    CLARIVATE PLC 6,434 5,104
    COGNEX CORP 207 233
    COGNIZANT TECHNOLOGY 15,582 17,833
    COLGATE PALMOLIVE 11,592 12,460
    COLFAX CORP 654 965
    COMCAST CORP CL A 20,548 19,931
    COMPAGNIE DE ST GOBAIN 9,909 13,376
    COMPASS GROUP PLC 24,506 26,415
    CONCOPHILLIPS 9,991 15,519
    CONSTELLATION BRANDS 15,435 18,823
    CONSTELLATION SOFTWARE 34,263 44,625
    CONSTRUCTION PARTNERS 5,453 5,558
    COPART INC 24,484 30,930
    COSTAR GROUP INC 46,914 42,913
    COSTCO WHOLESALE CORP 17,259 27,817
    CREDIT ACCEPTANCE 5,382 8,940
    CURTISS WRIGHT CORP DE 11,644 13,590
    DBS GROUP HLDGS LTD 19,664 24,243
    DNB BANK ASA 9,204 9,524
    D R HORTON INC 10,635 12,038
    DANAHER CORP 59,086 83,569
    DARLING INGREDIENTS INC 35,876 36,585
    DEERE & CO 30,345 31,203
    DENTSPLY SIRONA INC 8,673 7,922
    DEUTSCHE TELEKOM AG 8,787 8,959
    DEUTSCHE POST AG 8,790 11,086
    DIAGEO PLC NEW 12,681 15,190
    DIGI INTL INC 15,507 17,420
    DIODES INC 17,757 25,476
    DISH NETWORK CORP 16,195 16,674
    DOLLAR GENL CORP 11,561 11,792
    DOMINOS PIZZA INC 13,237 19,752
    DUKE ENERGY CORP 16,760 18,777
    EDWARDS LIFESCIENCES 16,912 25,521
    EOG RESOURCES INC 11,599 11,015
    EVERTEC INC 8,750 11,545
    EASTGROUP PROPERTIES 17,378 27,342
    EATON CORP PLC 18,484 26,614
    EBAY INC 14,059 12,635
    ECOLAB INC 13,081 14,075
    EDISON INTL 17,586 20,816
    ELASTIC N V 23,382 17,725
    EDP ENERGIAS DE PORTUGAL 31,038 27,878
    ELECTRONIC ARTS INC 9,439 8,837
    EMERGENT BIOSOLUTIONS INC 13,865 10,129
    EMERSON ELECTRIC CO 12,044 13,016
    ENCOMPASS HEALTH CORP 16,177 13,444
    ENEL SOCIETA PER AZIONI 14,290 11,152
    UNITED FIRE GRP INC 11,602 9,925
    ENERSYS ENS 15,561 13,598
    ENTEGRIS INC 19,734 28,963
    EQUIFAX INC 3,462 3,513
    ESSILOR LUXOTTICA 14,028 14,326
    ETSY INC 17,568 15,107
    EXPEDIA GROUP INC 23,191 29,277
    EXXON MOBIL CORP 16,783 19,764
    FB FINANCIAL CORP 13,623 15,863
    FMC 13,198 15,824
    META PLATFORMS INC 45,898 58,189
    FAIRFAX FINANCIAL 18,582 24,607
    FANUC CORP 46,257 36,853
    FASTENAL CO 15,224 18,129
    FIDELITY NATIONAL 16,156 17,793
    FIRST FINANCIAL BANKSHARES INC 9,379 11,592
    FIRST REPUBLIC BANK 1,028 1,652
    FORMFACTOR INC 16,502 17,191
    FRANKLIN ELECTRIC CO INC 17,552 22,694
    GIVAUDAN SA 18,606 24,234
    GARTNER INC 7,819 16,716
    GENERAC HOLDINGS INC 17,596 25,690
    GENERAL DYNAMICS CORP 21,209 26,059
    GENMAB A/S 26,499 25,872
    GENUINE PARTS 14,889 20,329
    GLOBAL PAYMENTS INC 10,956 9,057
    GLOBUS MEDICAL INC 5,738 5,126
    GRACO INC 10,963 12,254
    GUIDEWIRE SOFTWARE INC 13,737 12,829
    HCA HEALTHCARE INC 10,797 13,103
    HDFC BANK LTD 22,832 18,089
    HOYA CORP 30,102 33,803
    HACKETT GROUP INC 11,779 14,125
    HEALTHPEAK PPTYS INC 13,185 15,699
    HEARTLAND FINL USA INC 11,927 13,209
    HEICO CORP NEW CL A 12,161 12,723
    JACK HENRY & ASSOCIATES 5,023 5,344
    HEXCEL CORP NEW 11,955 11,344
    HOME DEPOT INC 27,152 40,256
    HONEYWELL INTL INC 18,936 19,391
    HONG KONG EXCHANGES & CLEARING 3,855 4,088
    HORACE MANN EDUCATORS 11,258 10,991
    HOULIHAN LOKEY INC 17,446 24,948
    HOWARD HUGHES CORP 692 1,120
    HYATT HOTELS CORP 572 959
    IQVIA HOLDINGS INC 17,600 23,135
    ICON PLC 40,854 56,675
    IDEXX LABORATORIES INC 17,111 23,046
    IBERDOLA SA SPONSORED 14,252 12,605
    ILLINOIS TOOL WORKS INC 14,043 17,029
    INDUSTRIA DE DISENO 15,588 16,173
    INFOSYS LTD 25,521 36,168
    INGREDION INC 14,511 16,042
    INTEL CORP 20,039 17,510
    INTERPUBLIC GROUP 20,408 20,485
    INTESA SANPAOLO SPA 16,851 15,454
    INTUIT INC 33,857 55,317
    INTUITIVE SURGICAL INC 8,011 10,779
    JPMORGAN CHASE & CO 79,756 91,368
    JACK IN THE BOX INC 23,652 21,170
    JOHN BEAN TECHNOLOGIES 7,203 8,753
    JOHNSON CONTROLS 29,099 40,899
    JOHNSON & JOHNSON 45,240 46,189
    JULIUS BAER GROUP LTD 12,406 13,501
    KBC GROUP NV 12,178 14,783
    KKR & CO INC 30,902 52,374
    KENNEDY-WILSON HOLDINGS 418 716
    KERING S A 9,419 9,822
    KEYSIGHT TECHNOLOGIES 4,017 8,054
    KIMBALL ELECTRONICS INC 17,734 15,145
    KIMBERLY CLARK CORP 15,103 16,436
    LKQ CORP 17,075 20,170
    L OREAL COMPANY 22,060 28,531
    LAM RESEARCH CORP 9,431 12,945
    LANDSTAR SYSTEM INC 9,790 11,636
    LEGRAND 20,767 26,023
    LENNAR CORP 14,953 18,934
    LESLIES INC 19,806 19,709
    LIBERTY BROADBAND CORP 557 644
    LIBERTY BROADBAND CORP 24,261 26,098
    LIBERTY MEDIA CORP 68 119
    LIBERTY FORMULA ONE 843 1,455
    ELI LILLY & CO 7,161 9,668
    LINDE PLC 42,379 54,736
    LITTELFUSE INC 16,744 20,454
    LIVE NATION 12,068 19,509
    LOEWS CORP 15,756 16,462
    LONDON STOCK EXCHANGE 34,874 24,699
    LOWES COMPANIES INC 11,176 16,284
    MGM GROWTH PROPERTIES 24,684 27,982
    MMC NORILSK NICKEL PJSC 6,576 5,827
    MSCI INC CLASS A 16,347 23,895
    HILTON WORLDWIDE 31,324 44,457
    MARKEL CORP 19,426 22,212
    MARSH & MCLENNAN COS INC 9,712 14,949
    MARTIN MARIETTA 18,619 27,753
    MASTERCARD INC 65,336 69,708
    MATCH GROUP INC 3,619 2,777
    MEDICAL PROPERTIES 641 851
    MEDTRONIC PLC 18,082 15,828
    MERCK & COMPANY INC 21,103 22,609
    MERITAGE HOMES CORP 15,024 20,262
    METTLER TOLEDO INTL INC 14,089 20,367
    MICHELIN COMPAGNIE 12,030 13,870
    MICROSOFT CORP 158,747 223,653
    MICROCHIP TECHNOLOGY INC 15,410 18,631
    MONOLITHIC POWER SYSTEM 23,636 32,560
    MONOTARO CO LTD OSAKA 11,661 7,638
    MOODYS CORP 13,316 18,748
    MOOG INC CLASS A 12,202 13,279
    MORGAN STANLEY 28,704 34,356
    MOTOROLA SOLUTIONS INC 23,125 30,159
    MUNICH RE GROUP ADR 12,061 12,830
    MYRIAD GENETICS INC 12,664 12,530
    NVIDIA CORP NVDA 35,381 74,410
    NETFLIX 22,472 24,700
    NN GROU NV 10,934 13,994
    NATIONAL BEVERAGE CORP 21,448 16,319
    NESTLE S A 54,763 68,079
    NXP SEMICONDUCTORS N V 6,676 8,200
    NEXTERA ENERGY INC 35,389 40,705
    NICE LTD 6,907 7,590
    NIDEC CORP 16,470 14,755
    NIKE INC 23,835 29,834
    NIPPON TELEGRAPH 13,214 13,678
    NORTHERN TRUST GROUP 9,182 9,449
    NOVARTIS AG 31,804 30,702
    NOVO NORDISK AS 39,849 63,280
    O REILLY AUTOMOTIVE INC 20,963 32,487
    OCADO GROUP PLC 14,920 8,810
    ORACLE CORP 6,696 9,244
    ORASURE TECHNOLOGIES INC 19,307 11,566
    OSHKOSH CORP 4,422 5,297
    OTIS WORLDWIDE CORP 9,593 13,061
    PHILIP MORRIS INTL 19,639 22,040
    PEBBLEBROOK HOTEL TRUST 11,981 13,937
    PPG INDUSTRIES 8,968 11,036
    PT BANK RAKYAT ADR 21,452 19,014
    PAYPAL HOLDINGS INC 64,031 44,693
    PENN NATIONAL GAMING INC 32,156 15,140
    PEPSICO 11,599 14,418
    PERMITER SOLUTIONS SA 1,179 1,361
    PERSIMMON ADR 11,909 12,188
    PFIZER INC 16,464 27,931
    PIONEER NATURAL 15,385 20,371
    POOL CORP 9,952 11,886
    POWER CORP CANADA 8,228 8,369
    PRIMERICA INC 8,575 8,890
    PROGRESSIVE CORP OH 34,095 38,288
    PROSUS N V 19,217 13,122
    QUALCOMM INC 29,666 36,940
    QUALTRICS INTL INC 661 531
    RBC BEARINGS 22,780 22,823
    RLI CORP 8,379 9,192
    RAYMOND JAMES 17,270 24,498
    RAYTHEON TECHNOLOGIES 14,215 16,954
    RECRUIT HOLDINGS CO LTD 48,377 48,038
    RENTOKIL INITIAL PLC 21,608 24,399
    ROBLOX CORP 3,596 4,539
    ROCHE HOLDING LIMITED 43,785 51,225
    ROCKWELL AUTOMATION INC 17,279 24,768
    ROPER TECHNOLOGIES INC 28,714 33,446
    ROSS STORES INC 11,046 10,399
    S&P GLOBAL INC 22,711 29,732
    SBA COMMUNICATIONS CORP 22,697 32,678
    SEI INVESTMENTS CO 13,478 13,407
    SHISEIDO LTD 18,590 14,190
    SMURFIT KAPPA GRP PLC 10,910 12,811
    SVENSKA HANDELSBANKEN AB 9,870 10,665
    SALESFORCE.COM INC 40,041 43,710
    SANVIK AB ADR 16,392 16,463
    SANMINA CORP 15,255 18,781
    SANOFI SPON ADR 12,062 12,425
    SCHWAB CHARLES CORP 33,406 42,891
    SCOTTS MIRACLE GRO CO 37,795 30,107
    SEA LTD 18,560 15,660
    SEALED AIR CORP 11,721 13,224
    SMPRA 34,978 36,112
    SENSATA TECHNOLOGIES 19,540 22,332
    SERVICENOW INC 23,125 24,017
    SHERWIN WILLIAMS CO 10,902 15,847
    SIEMENS A G SPON ADR 27,986 30,397
    SIGNATURE BANK 11,533 14,880
    SINOPHARM GROUP COMPANY 11,780 10,778
    SITEONE LANDSCAPE 14,871 21,321
    SNAP ON IC 13,893 13,354
    SOFTBANK CORP 10,905 10,223
    SOLAREDGE TECHNOLOGIES 11,908 10,662
    SONIC HEALTHCARE LTD 11,972 15,172
    SPOTIFY TECHNOLOGY SA 3,587 2,808
    BLOCK INC 14,983 9,529
    STANLEY BLACK & DECKER 11,483 11,129
    STARBUCKS CORP 19,270 21,172
    STEELCASE INC 13,283 11,368
    SUMMIT MATERIALS INC 447 923
    SUZUKI MOTOR CORP 9,152 8,013
    TC ENERGY CORP 9,682 10,472
    TE CONNECTIVITY LTD 68,382 80,670
    TJX COS INC 8,428 9,110
    TMOBILE US INC 14,376 13,570
    TRAVELERS COS INC 17,230 18,615
    TAIWAN SEMICONDUCTOR 52,646 48,726
    TARGET CORP 15,069 18,052
    TECHTARGET INC 29,698 33,959
    TELEDYNE TECHNOLOGIES 20,569 23,592
    TELEPERFORMANCE S A 19,294 25,387
    TEMENOS AG 30,399 33,930
    TERMINIX GLOBAL HOLDINGS 12,003 11,081
    TESCO 8,973 10,222
    THERMO FISHER 25,581 36,031
    THOMSON REUTERS CORP 17,140 24,642
    THOR INDUSTRIES INC 26,817 23,971
    3M COMPANY 15,862 15,631
    TOKIO MARINE HOLDINGS 7,595 8,065
    TOKYO ELECTRON LTD 5,560 8,922
    TOTALENERGIES SE 13,265 15,283
    TOYOTA MOTOR CORP 15,426 18,715
    TRACTOR SUPPLY CO 13,334 13,600
    TRANSDIGM GROUP INC 64,986 68,718
    TRANSUNION 20,788 26,562
    TRUIST FINANCIAL CORP 14,928 16,511
    TRUSTMARK CORP 10,890 11,783
    TWILO INC 6,196 4,213
    TYLER TECHNOLOGIES INC 22,308 27,973
    UGI CORP 12,349 11,937
    UBS CORP 11,141 12,938
    UPM KYMMENE CORP 10,926 11,099
    UNIFIRST CORP 6,902 6,312
    UNILEVER CORP 27,315 26,895
    UNION PACIFIC CORP 17,010 21,414
    UNITED PARCEL SERVICE INC 26,273 34,509
    US BANCORP DE 7,434 8,875
    UNITED OVERSEAS BK LTD 12,067 13,417
    UNITEDHEALTH GROUP INC 23,601 30,631
    VISTRA CORP 19,246 24,159
    VAIL RESORTS INC 14,512 17,051
    VALE S A 11,011 8,678
    VEEVA SYSTEMS INC 10,964 9,708
    VENTAS INC 18,239 16,767
    VERISIGN INC 18,226 23,098
    VERISK ANALYTICS INC 25,574 31,107
    VERTIV HOLDINGS LLC 21,104 21,799
    VICI PROPERTIES INC 6,824 6,504
    VISA INC 62,801 64,146
    VOLVO AB 8,045 8,243
    VULCAN MATERIALS COMPANY 29,513 40,063
    WD 40 CO 11,780 9,052
    WALGREENS BOOTS ALLIANCE 13,112 13,822
    WASTE CONNECTIONS INC 16,188 22,348
    WATSCO INC 24,783 29,411
    WELBILT INC 7,374 13,501
    WELLTOWER INC 14,484 19,641
    WESBANCO INC 13,717 14,556
    WEYERHAUSER CO 12,337 14,907
    WHITE MOUNTAINS INSURANCE 14,663 13,181
    WUXI BIOLOGICS 13,432 10,196
    WIX LTD 21,809 12,308
    WOLVERINE WORLD WIDE INC 16,549 14,780
    WORLDLINE SA 15,028 9,296
    ZIMMER BIOMET HOLDINGS 9,931 8,639
    ZURICH INSURANCE 13,133 13,904
    ZOETIS INC CL A 22,237 34,164
    ALL SPRING EMERGING MARKETS EQUITY 691,449 586,245
    BLACKROCK HIGH YIELD BOND 520,625 520,640
    DODGE & COX 526,492 507,536
    JOHN HANCOCK INCOME CLI 526,427 509,552
    LOOMIS SAYLES STRATEGIC INCOME 506,227 512,668
    FEDL NATL MTG ASSN 267 45
    FEDL NATL MTG ASSN 298 23
    FEDL NATL MTG ASSN 4 4
    FEDL NATL MTG ASSN 4 7
    FEDL HOME LOAN MTG CORP 0 4
    FEDL NATL MTG ASSN 0 6
    FEDL HOME LOAN MTG CORP 0 8
    FEDL NATL MTG ASSN 98 15
    FEDL NATL MTG ASSN 96 46
    FEDL NATL MTG ASSN 790 148
    FEDL NATL MTG ASSN 549 129
    FEDL NATL MTG ASSN 400 208
    FEDL NATL MTG ASSN 1,602 1,177
    FEDL NATL MTG ASSN 925 25
    FEDL NATL MTG ASSN 11,218 9,278
    FEDL HOME LOAN MTG CORP 1,085 1,028
    FEDL NATL MTG ASSN 108 41
    FEDL NATL MTG ASSN 2,375 1,258
    FEDL HOME LOAN MTG CORP 63 54
    FEDL NATL MTG ASSN 118 121
    FEDL NATL MTG ASSN 294 105
    FEDL NATL MTG ASSN 365 104
    FEDL NATL MTG ASSN 159 43
    FEDL NATL MTG ASSN 261 137
    FEDL NATL MTG ASSN 121 67
    FEDL NATL MTG ASSN 279 158
    FEDL NATL MTG ASSN 20,838 17,708
    FEDL HOME LOAN MTG CORP 54 38
    FEDL NATL MTG ASSN 636 103
    FEDL NATL MTG ASSN 0 5
    FEDL HOME LOAN MTG CORP 8,924 8,418
    FEDL HOME LOAN MTG CORP 35,838 32,660
    FEDL HOME LOAN MTG CORP 7,024 6,302
    FEDL HOME LOAN MTG CORP 130 76
    FEDL NATL MTG ASSN 668 295
    FEDL HOME LOAN MTG CORP 11 39
    FEDL NATL MTG ASSN 248 256
    FEDL NATL MTG ASSN 234 180
    GREEN TREE FINL CORP 272,158 0
    FEDL HOME LOAN MTG CORP 226 262
    FEDL NATL MTG ASSN 139 111
    FEDL NATL MTG ASSN 281 265
    FEDL NATL MTG ASSN 8,820 8,928
    FEDL NATL MTG ASSN 49 80
    FEDL NATL MTG ASSN 62 101
    FEDL NATL MTG ASSN 4,326 3,477
    FEDL NATL MTG ASSN 189 1,155
    FEDL NATL MTG ASSN 67 98
    FEDL NATL MTG ASSN 2,380 1,729
    FEDL NATL MTG ASSN 125 154
    FEDL NATL MTG ASSN 208 33
    FEDL NATL MTG ASSN 6,834 5,923
    EXXON MOBIL CORP 35,011 35,002
    NATIONAL RURAL UTILS 5,025 5,022
    EXXON MOBIL CORP 8,083 8,070
    BANK NY MELLON CORP 9,232 9,199
    ACE INA HLDGS INC 25,697 25,573
    NORTHERN STS PWR CO 45,915 45,669
    STATE STR CORP 8,292 8,249
    US TREASURY NOTE 251,392 250,188
    NATIONAL RURAL UTILS 21,017 20,790
    US BANCORP 10,569 10,482
    BANK NEW YORK INC 36,280 35,800
    FLORIDA PWR & LIGHT 35,869 35,459
    US TREASURY NOTE 205,624 202,510
    STATE STR CORP 34,577 34,070
    US TREASURY NOTE 173,602 169,976
    PUBLIC SVC ELEC GAS CO 9,659 9,394
    DUKE ENERGY PROGRESS LLC 37,704 37,011
    US TREASURY NOTE 148,659 145,031
    FLORIDA PWR & LIGHT CO 9,761 9,506
    JOHNSON & JOHNSON 42,739 41,671
    PRUDENTIAL FINL INC 9,259 9,009
    BERKSHIRE HATHAWAY INC 23,632 23,506
    ACE INA HLDGS INC 25,944 25,754
    SUNTRUST BANK ATLANTA GA 24,062 23,396
    US TREASURY NOTE 127,306 123,449
    PUBLIC SVC ELEC GAS CO 42,402 40,995
    BB&T BRH BKG & TR CO 4,519 4,358
    DUKE ENERGY CAROLINAS 10,952 10,550
    WALT DISNEY CO 42,677 41,587
    BANK AMERICA CORP 43,368 42,738
    US TREASURY NOTE 120,259 117,547
    UNITED PARCEL SVC INC 43,175 41,932
    US TREASURY NOTE 37,044 36,763
    CAPITAL ONE MULTI ASSET 18,267 17,477
    ONCOR ELEC DELIV CO LLC 47,237 46,138
    US TREASURY NOTE 136,559 131,970
    PACIFICORP 14,504 14,080
    PEPSICO 9,752 9,464
    JP MORGAN & CHASE 27,985 27,240
    COCA COLA CO 28,412 27,699
    MASTERCARD INC 39,731 38,518
    3M CO 21,652 21,456
    US TREASURY NOTE 127,396 126,056
    DUKE ENERGY FL PJ FIN 7,480 7,192
    FEDL NATL MTG ASSN 35,165 34,067
    FEDL NATL MTG ASSN 186,975 185,606

    TY 2021 OtherIncreasesSchedule
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Description Amount
    CHANGE IN COST OF SECURITY 269,451


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ASSET MANAGEMENT FEE 84,357 84,357   0


    TY 2021 TaxesSchedule
    Name:
    POWERS-WOLFE CHARITABLE TRUST
    EIN:
    39-6609049
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PAYMENTS 8,050 8,050   0