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
THE JOLLEY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

57-6024996
B Telephone number (see instructions)

(800) 352-3705
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$49,064,091J 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... 793,466 793,466  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,168,775
b Gross sales price for all assets on line 6a 3,168,775
7 Capital gain net income (from Part IV, line 2)... 3,168,775
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)....... Click to see attachment 577 0  
12 Total. Add lines 1 through 11........ 3,962,818 3,962,241  
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 9,500 4,750   4,750
c Other professional fees (attach schedule).... Click to see attachment 78,015 39,007   39,008
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 36,824 27,494   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 145,996 145,977   19
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 270,335 217,228   43,777
25 Contributions, gifts, grants paid....... 3,347,801 3,347,801
26 Total expenses and disbursements. Add lines 24 and 25 3,618,136 217,228   3,391,578
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 344,682
b Net investment income (if negative, enter -0-) 3,745,013
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............. 7,949 13,299 13,299
2 Savings and temporary cash investments......... 2,268,651 1,474,137 1,474,137
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) bullet400,000
Less: allowance for doubtful accounts bullet0 400,000 400,000 400,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 4,758,842 Click to see attachment4,587,242 4,655,275
b Investments—corporate stock (attach schedule)....... 17,109,836 Click to see attachment18,437,178 28,993,119
c Investments—corporate bonds (attach schedule)....... 4,008,155 Click to see attachment4,342,042 4,340,280
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 7,683,676 Click to see attachment7,190,188 9,187,981
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) 36,237,109 36,444,086 49,064,091
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 37,527,970 37,390,265
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -1,290,861 -946,179
29 Total net assets or fund balances (see instructions)..... 36,237,109 36,444,086
30 Total liabilities and net assets/fund balances (see instructions). 36,237,109 36,444,086
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
36,237,109
2
Enter amount from Part I, line 27a .....................
2
344,682
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
36,581,791
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
137,705
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
36,444,086
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 SHORT TERM GAIN P    
b LONG TERM GAIN P    
c CAPITAL GAINS DIVIDENDS P    
d
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 278,694     278,694
b 2,611,166     2,611,166
c 278,915     278,915
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       278,694
b       2,611,166
c       278,915
d
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 3,168,775
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 52,056
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 52,056
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 5,962
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 5,962
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 167
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 46,261
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)
    bulletNV
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (800) 352-3705

    Located atbullet100 NORTH MAIN STREET FL6 D4001-065WINSTON SALEMNC ZIP+4bullet27101
    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
    ANDREW K CHRISTIAN CO TRUSTEE
    4.00     		0 0 0
    WELLS FARGO BANK PO BOX 969
    GREENVILLE,SC29602
    JOLLEY BRUCE CHRISTMAN CO TRUSTEE
    4.00     		0 0 0
    WELLS FARGO BANK PO BOX 969
    GREENVILLE,SC29602
    JAMES M BRUCE III CO TRUSTEE
    4.00     		0 0 0
    WELLS FARGO BANK PO BOX 969
    GREENVILLE,SC29602
    JAMES M BRUCE IV CO TRUSTEE
    4.00     		0 0 0
    WELLS FARGO BANK PO BOX 969
    GREENVILLE,SC29602
    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
    46,209,756
    b
    Average of monthly cash balances.......................
    1b
    2,057,370
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    48,267,126
    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
    48,267,126
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    724,007
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    47,543,119
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,377,156
    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
    2,377,156
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    52,056
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    52,056
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,325,100
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,325,100
    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
    2,325,100
    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 2,325,100
    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...... 68,663
    c From 2018...... 754,103
    d From 2019...... 600,981
    e From 2020...... 649,803
    f Total of lines 3a through e ........ 2,073,550
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,391,578
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 2,325,100
    e Remaining amount distributed out of corpus 1,066,478
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,140,028
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		3,140,028
    10 Analysis of line 9:
    a Excess from 2017.... 68,663
    b Excess from 2018.... 754,103
    c Excess from 2019.... 600,981
    d Excess from 2020.... 649,803
    e Excess from 2021.... 1,066,478
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WELLS FARGO BANK NA
    100 NORTH MAIN STREET FL6 D4001-065
    WINSTONSALEM,NC27101
    (888) 235-4351
    bThe form in which applications should be submitted and information and materials they should include:
    WELLSFARGO.COM/PRIVATE-FOUNDATIONS/JOLLYEY-FOUNDATION
    cAny submission deadlines:
    APRIL 1ST AND SEPTEMBER 1ST
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESIDENTS OF GREENVILLE COUNTY, SC AND THE UPSTATE
    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
    ALIANZA HISPANA HISPANIC ALLIANCE
    225 S PLEASANTBURG DR
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 90,000
    CENTER FOR COMMUNITY SERVICES
    1102 HOWARD DR BUILDING 7
    SIMPSONVILLE,SC29681     		NONE PC GENERAL OPERATIONS 40,000
    CHILDRENS MUSEUM OF THE UPSTATE
    300 COLLEGE ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 25,000
    COMMUNITY FOUNDATION OF GREENVILLE
    630 E WASHINGTON ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 87,500
    FACES AND VOICES OF RECOVERY
    10 G STREET NE
    WASHINGTON,DC20002     		NONE PC GENERAL OPERATIONS 75,000
    FRIENDS OF MOMENTUM BIKE CLUBS
    225 S PLEASANTBURG DR
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 35,000
    GOODWILL INDUSTRIES OF UPSTATE
    2550 N PLEASANTBURG DR
    GREENVILLE,SC29609     		NONE PC GENERAL OPERATIONS 55,000
    GREENVILLE LITERACY ASSOCIATION
    225 S PLEASANTBURG DR
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 40,000
    HOMES OF HOPE
    3 DUNEAN ST
    GREENVILLE,SC29611     		NONE PC GENERAL OPERATIONS 65,000
    INSTITUTE FOR CHILD SUCCESS
    613 E MCBEE AVE
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 50,000
    MEALS ON WHEELS OF GREENVILLE
    15 OREGON ST
    GREENVILLE,SC29605     		NONE PC GENERAL OPERATIONS 40,000
    MENTAL HEALTH AMERICA OF GREENVILLE
    429 N MAIN ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 18,100
    MILL COMMUNITY MINISTRIES
    8 LOIS AVE
    GREENVILLE,SC29611     		NONE PC GENERAL OPERATIONS 47,000
    MOUNTAIN VIEW BAPTIST CHURCH
    111 CAGLE ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 162,000
    NEIGHBORHOOD FOCUS
    6915 WHITE HORSE RD
    GREENVILLE,SC29611     		NONE PC GENERAL OPERATIONS 50,000
    NICHOLTOWN CHILD AND FAMILY COLLABORATIVE
    40 JOHN MCCARROLL WAY
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 40,000
    PENDLETON PLACE INC
    1133 PENDLETON ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 70,000
    PRIDE LINK
    316 W STONE AVE
    GREENVILLE,SC29609     		NONE PC GENERAL OPERATIONS 50,000
    PROJECT HOST
    525 S ACADEMY ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 10,000
    PUBLIC EDUCATION PARTNERS
    225 S PLEASANTBURG DR
    GREENVILLE,SC29607     		NONE PC PROGRAM DEVELOPMENT 85,000
    REBUILD UPSTATE
    601 GREEN AVE
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 20,000
    ROOT & REBOUND
    1730 FRANKLIN ST 300
    OAKLAND,CA94612     		NONE PC GENERAL OPERATIONS 50,000
    SLATER MARIETTA HEALTH AND HUMAN
    3 MAIN ST
    MARIETTA,SC29661     		NONE PC GENERAL OPERATIONS 35,000
    SOUTH CAROLINA INDEPENDENT COLLEGES
    1706 SENATE ST
    COLUMBIA,SC29201     		NONE PC GENERAL OPERATIONS 50,000
    SUSTAINING WAY
    60 BAXTER ST
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 88,500
    SWITCH
    PO BOX 5394
    GREENVILLE,SC29606     		NONE PC GENERAL OPERATIONS 30,000
    TAYLORS FREE MEDICAL CLINIC INC
    400 W MAIN ST
    TAYLORS,SC29687     		NONE PC GENERAL OPERATIONS 20,000
    THE JULIE VALENTINE CENTER
    2905 WHITE HORSE RD
    GREENVILLE,SC29611     		NONE PC GENERAL OPERATIONS 15,000
    UNITED HOUSING CONNECTIONS
    135 EDINBURGH CT
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 80,000
    UNITED NEGRO COLLEGE FUND
    1805 7TH STREET NW
    WASHINGTON,DC20001     		NONE PC GENERAL OPERATIONS 35,000
    UPSTATE CIRCLE OF FRIENDS
    29 RIDGEWAY DR
    GREENVILLE,SC29605     		NONE PC GENERAL OPERATIONS 75,226
    UPSTATE WARRIOR SOLUTION
    3 CALEDON CT A-2
    GREENVILLE,SC29615     		NONE PC GENERAL OPERATIONS 70,000
    YOUTHBASE
    813 HAMPTON AVE
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 40,000
    AMERICAN GATEWAYS
    314 E HIGHLAND MALL BLVD 501
    AUSTIN,TX78752     		NONE PC GENERAL OPERATIONS 5,000
    BROOKLYN INSTITUTE OF
    200 EASTERN PARKWAY
    BROOKLYN,NY11238     		NONE PC GENERAL OPERATIONS 5,000
    CENTER FOR DEVELOPMENTAL SERVICES
    29 N ACADEMY ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 20,000
    COASTAL COMMUNITY FOUNDATION
    1691 TURNBULL AVE
    NORTH CHARLESTON,SC29405     		NONE PC GENERAL OPERATIONS 87,500
    CONSTEE FOUNDATION INC
    480 CONESTEE RD
    GREENVILLE,SC29605     		NONE PC GENERAL OPERATIONS 35,000
    FOSTERING GREAT IDEAS
    321 PIMLICO RD
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 11,750
    FOSTERING GREAT IDEAS
    321 PIMLICO RD
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 50,000
    FOSTERING GREAT IDEAS
    321 PIMLICO RD
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 10,000
    FOSTERING GREAT IDEAS
    321 PIMLICO RD
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 32,000
    GREAT OUTDOOR ADVENTURE TRIPS INC
    1220 LAURENS RD STE B
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 12,000
    GREENVILLE COUNTY HUMANE SOCIETY
    305 AIRPORT RD
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 40,000
    GREENVILLE LIGHT OPERA WORKS
    PO BOX 1155
    MAULDIN,SC29662     		NONE PC GENERAL OPERATIONS 20,000
    GREENVILLE MEDICAL CLINIC
    600 ARLINGTON AVE
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 123,200
    GREENVILLE TECH FOUNDATION
    556 PERRY AVE SUITE B 110
    GREENVILLE,SC29611     		NONE PC GENERAL OPERATIONS 12,650
    HABITAT FOR HUMANITY OF GREENVILLE COUNTY
    PO BOX 1206
    GREENVILLE,SC29602     		NONE PC GENERAL OPERATIONS 34,000
    HOMELESS PERIOD PROJECT
    355 WOODRUFF ROAD SUITE 106
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 20,000
    JUST CITY INC
    PO BOX 41852
    MEMPHIS,TN38174     		NONE PC GENERAL OPERATIONS 10,000
    LIVEWELL GREENVILLE
    225 S PLEASANTBURG DR
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 115,000
    LOAVES & FISHES
    25 WOODS LAKE RD 810
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 10,000
    METROPOLITAN ARTS COUNCIL
    16 AUGUSTA ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 50,000
    MOSAIC EDUCATIONAL ARTS
    7 SHANNON DR
    GREENVILLE,SC29615     		NONE PC GENERAL OPERATIONS 40,000
    MULTIPLYING GOOD
    348 WEST 57TH ST SUITE 115
    NEW YORK,NY10019     		NONE PC GENERAL OPERATIONS 20,750
    NATURE CONSERVANCY
    4245 NORTH FAIRFAX DR
    ARLINGTON,VA22203     		NONE PC GENERAL OPERATIONS 40,000
    PHILLIS WHEATLEY ASSOCIATION
    40 JOHN MCCARROLL WAY
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 50,000
    PLEASANT VALLEY CONNECTION
    510 OLD AUGUSTA RD
    GREENVILLE,SC29605     		NONE PC GENERAL OPERATIONS 20,000
    RANDOLPH COLLEGE
    2500 RIVERMONT AVE
    LYNCHBURG,VA24503     		NONE PC GENERAL OPERATIONS 60,000
    SOUTH CAROLINA CHILDRENS THEATRE
    153 AUGUSTA ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 7,500
    SOUTH CAROLINA ENVIRONMENTAL
    4050 BRIDGE VIEW DR
    NORTH CHARLESTON,SC29405     		NONE PC GENERAL OPERATIONS 50,000
    SOUTH CAROLINA GOVERNORS SCHOOL
    15 UNIVERSITY ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 25,000
    SOUTH CAROLINA GOVERNORS SCHOOL FOR
    15 UNIVERSITY ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 25,000
    SPARTANBURG METHODIST COLLEGE
    1000 POWELL MILL RD
    SPARTANBURG,SC29301     		NONE PC GENERAL OPERATIONS 49,875
    THE FAMILY EFFECT
    1400 CLEVELAND ST
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 30,000
    THE GLOBAL VILLAGE PROJECT
    205 SYCAMORE ST
    DECATUR,GA30030     		NONE PC GENERAL OPERATIONS 10,000
    CHILDRENS ADVOCACY CENTER PROGRAM
    100 WASHINGTON PL
    SPARTANBURG,SC29302     		NONE PC GENERAL OPERATIONS 15,000
    THE WAREHOUSE THEATRE
    37 AUGUSTA ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 10,000
    THORNWELL
    302 S BROAD ST
    CLINTON,SC29325     		NONE PC GENERAL OPERATIONS 10,000
    TOGETHER SC
    1818 BLANDING ST
    COLUMBIA,SC29201     		NONE PC GENERAL OPERATIONS 2,500
    UNITED MINISTRIES
    606 PENDLETON ST
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 50,000
    UPSTATE MEDICATION CENTER
    27 CLEVELAND ST 101
    GREENVILLE,SC29601     		NONE PC GENERAL OPERATIONS 20,000
    WATERING HOLE
    PO BOX 1924
    COLUMBIA,SC29202     		NONE PC GENERAL OPERATIONS 30,000
    WOMENS RIGHTS AND EMPOWERMENT
    1201 MAIN ST STE 1820
    COLUMBIA,SC29201     		NONE PC GENERAL OPERATIONS 65,000
    CHILDREN'S CANCER PARTNERS OF THE CAROLINAS
    900 S PINE ST SUITE F
    SPARTANBURG,SC29302     		NONE PC GENERAL OPERATIONS 35,000
    POE MILL ACHIEVEMENT CENTER
    1215 BUNCOMBE RD
    GREENVILLE,SC29609     		NONE PC GENERAL OPERATIONS 35,000
    SISTERS OF CHARITY FOUNDATION OF
    2711 MIDDLEBURG DR 115
    COLUMBIA,SC29204     		NONE PC GENERAL OPERATIONS 750
    SOTERIA WORLD OUTREACH
    210 SHAW ST
    GREENVILLE,SC29609     		NONE PC GENERAL OPERATIONS 100,000
    UNITED WAY OF GREENVILLE COUNTY
    105 EDINBURGH CT 2529
    GREENVILLE,SC29607     		NONE PC GENERAL OPERATIONS 100,000
    Total .................................bullet 3a 3,347,801
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 3,168,775  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		      577  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 3,962,818 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,962,818
    (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:
    THE JOLLEY FOUNDATION
    EIN:
    57-6024996
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTANT/LEGAL FEES 9,500 4,750   4,750

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE JOLLEY FOUNDATION
    EIN:
    57-6024996
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 4,342,042 4,340,280

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE JOLLEY FOUNDATION
    EIN:
    57-6024996
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 18,437,178 28,993,119

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE JOLLEY FOUNDATION
    EIN:
    57-6024996
    US Government Securities - End of Year Book Value:

    4,587,242
    US Government Securities - End of Year Fair Market Value:

    4,655,275
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE JOLLEY FOUNDATION
    EIN:
    57-6024996
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER AT COST 7,190,188 9,187,981

    TY 2021 OtherDecreasesSchedule
    Name:
    THE JOLLEY FOUNDATION
    EIN:
    57-6024996
    Description Amount
    ACCOUNT ADJUSTMENTS 137,705


    TY 2021 OtherExpensesSchedule
    Name:
    THE JOLLEY FOUNDATION
    EIN:
    57-6024996
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 30,253 30,253   0
    ADR FEES 7,433 7,433   0
    TAX RECLAIM FEE 19 0   19
    ADMINISTRATIVE AND BANK FEES 108,291 108,291   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE JOLLEY FOUNDATION
    EIN:
    57-6024996
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 577   577


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE JOLLEY FOUNDATION
    EIN:
    57-6024996
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 14,175 7,087   7,088
    CONTRACTOR 37,500 18,750   18,750
    MISCELLANEOUS FEES 26,340 13,170   13,170


    TY 2021 TaxesSchedule
    Name:
    THE JOLLEY FOUNDATION
    EIN:
    57-6024996
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 27,494 27,494   0
    FEDERAL TAX PAYMENT 9,330 0   0