Form990-PF
Click to see attachment
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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 Mary Alice and Bennett Brown Foundation
Inc
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

58-6332776
B Telephone number (see instructions)

(800) 839-1754
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$9,816,880J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 105 105  
4 Dividends and interest from securities... 214,347 214,347  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 577,309
b Gross sales price for all assets on line 6a 2,191,299
7 Capital gain net income (from Part IV, line 2)... 577,309
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 19,545 -167  
12 Total. Add lines 1 through 11........ 811,306 791,594  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 64,700 64,700    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,179 2,509    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,816     1,816
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 53,072 628   52,403
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 126,767 67,837   54,219
25 Contributions, gifts, grants paid....... 370,000 370,000
26 Total expenses and disbursements. Add lines 24 and 25 496,767 67,837   424,219
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 314,539
b Net investment income (if negative, enter -0-) 723,757
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......... 269,668 406,264 406,264
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) 318,427 Click to see attachment382,280 384,957
b Investments—corporate stock (attach schedule)....... 6,590,929 Click to see attachment6,779,495 8,661,237
c Investments—corporate bonds (attach schedule)....... 181,620 Click to see attachment171,480 176,253
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 193,995 Click to see attachment129,659 188,169
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) 7,554,639 7,869,178 9,816,880
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 7,554,639 7,869,178
29 Total net assets or fund balances (see instructions)..... 7,554,639 7,869,178
30 Total liabilities and net assets/fund balances (see instructions). 7,554,639 7,869,178
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
7,554,639
2
Enter amount from Part I, line 27a .....................
2
314,539
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,869,178
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,869,178
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c Sec 751 Gain on Sale of Ptshp Reclass      
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 2,191,299   1,582,920 608,379
b       -5
c       -31,065
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       608,379
b        
c        
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 2 577,309
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  
3 Add lines 1 and 2........................... 3 10,060
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,060
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 4,207
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 6,100
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,307
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 247
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet247 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Alex Armknecht Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Charlotte Armknecht Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Rustin Armknecht Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Alden Brown Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Jessica Brown Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Leila B Brown Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Bennett A Brown III Co-Chairman, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Bennett A Brown IV Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Brice D Dixon Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Charlotte Brown Dixon Chairman
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Layne A Dixon Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Katherine B Ohlhausen Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Marshall Ohlhausen Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Wallis Ohlhausen Jr. Board Member
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    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
    Morgan Stanley Investment MGMT 64,700
    3280 Peachtree Road NE STE 2000
    ATLANTA,GA30305
    Foundation Source Administrative 51,093
    55 Walls Drive 3rd Fl
    Fairfield,CT06824
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    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
    9,232,048
    b
    Average of monthly cash balances.......................
    1b
    280,079
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,512,127
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,512,127
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    142,682
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    9,369,445
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    468,472
    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
    468,472
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    10,060
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,060
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    458,412
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    458,412
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    458,412
    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 7 458,412
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 356,356
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 424,219
    a Applied to 2020, but not more than line 2a 356,356
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 67,863
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021.    
    (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 ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		390,549
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		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.... 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    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
    ATLANTA BELTLINE PARTNERSHIP INC
    970 JEFFERSON ST NW STE 4
    ATLANTA,GA30318     		N/A PC Annual Fund 5,000
    ATLANTA BICYCLE COALITION
    2870 PEACHTREE RD NW 915
    ATLANTA,GA30305     		N/A PC Bike Family Program 5,000
    ATLANTA CELEBRATES PHOTOGRAPHY INC
    1039 GRANT ST SE STE A24 105
    ATLANTA,GA30315     		N/A PC ACPfest Youth Programs 5,000
    ATLANTA CHARITY CLAYS INC
    1000 NORTHFIELD CT STE 120
    ROSWELL,GA30076     		N/A PC General & Unrestricted 20,000
    ATLANTA POLICE FOUNDATION INC
    191 PEACHTREE ST NE STE 191
    ATLANTA,GA30303     		N/A PC At-Promise Center 10,000
    ATLANTA RONALD MCDONALD HOUSE CHARITIES INC
    795 GATEWOOD RD NE
    ATLANTA,GA30329     		N/A PC Provide Housing for families undergoing treatment 10,000
    BOOKS FOR KEEPS
    PO BOX 49761
    ATHENS,GA30604     		N/A PC General & Unrestricted 3,500
    BROOKGREEN GARDENS
    PO BOX 3368
    PAWLEYS ISLAND,SC29585     		N/A PC General & Unrestricted 5,000
    CAMP SOUTHERN GROUND INC
    100 SOUTHERN GROUND PKWY
    FAYETTEVILLE,GA30215     		N/A PC Inclusive Summer Camp at Camp Southern Ground 15,000
    CAMP SUNSHINE INC
    1850 CLAIRMONT RD
    DECATUR,GA30033     		N/A PC Camp Sunshine's Summer Camp Experience 10,000
    CARROLL COUNTY SOUP KITCHEN INC
    PO BOX 2457
    CARROLLTON,GA30112     		N/A PC Awning Purchase & Construction 5,000
    CHATTAHOOCHEE NATURE CENTER INC
    PO BOX 769769
    ROSWELL,GA30076     		N/A PC Virtual Learning Program 10,000
    CHILDRENS HEALTHCARE OF ATLANTA INC - CHILDRENS HE
    1575 NORTHEAST EXPY
    ATLANTA,GA30329     		N/A PC General & Unrestricted 1,000
    CIRCLES OF WEST GEORGIA INC
    306B BRADLEY ST
    CARROLLTON,GA30117     		N/A PC General & Unrestricted 2,000
    COMMUNITY FOUNDATION OF WEST GEORGIA INC
    807 S PARK ST
    CARROLLTON,GA30117     		N/A PC Ferst Readers Books 5,000
    CREATE YOUR DREAMS INC
    887 W MARIETTA ST STUDIO T-108
    ATLANTA,GA30318     		N/A PC Five Core Programs and Two Success Funds 10,000
    CRISTO REY ATLANTA JESUIT HIGH SCHOOL INC
    222 PIEDMONT AVE NE
    ATLANTA,GA30308     		N/A PC Student Scholarship Fund 15,000
    FLOURISH VENTURES
    752 W CENTER ST STE B
    MIDVALE,UT84047     		N/A PC Flourish Bakery Data Collection Software 5,000
    FREE BIKES 4 KIDZ OF ATLANTA CO
    PO BOX 8446
    ATLANTA,GA31106     		N/A PC Atlanta Operations 5,000
    FUGEES FAMILY INC
    1933 E DUBLIN GRANVILLE RD 117
    COLUMBUS,OH43229     		N/A PC Summer Program 15,000
    GEORGE WEST MENTAL HEALTH FOUNDATION INC
    1961 N DRUID HILLS RD NE
    BROOKHAVEN,GA30329     		N/A PC Skyland Trail Adolescent Treatment Program 10,000
    GEORGIA JUSTICE PROJECT INC
    438 EDGEWOOD AVE SE
    ATLANTA,GA30312     		N/A PC General Operations 5,000
    GEORGIA STATE UNIVERSITY FOUNDATION INC
    PO BOX 2668
    ATLANTA,GA30301     		N/A PC Scholarship Fund 25,000
    GEORGIA STATE UNIVERSITY FOUNDATION INC
    PO BOX 2668
    ATLANTA,GA30301     		N/A PC Bennett A. Brown Scholarship Fund 25,000
    GIRLS ON THE RUN UTAH INC
    PO BOX 58337
    SALT LAKE CTY,UT84158     		N/A PC Scholarship Fund 10,000
    GOLDEN HARVEST FOOD BANK INC
    3310 COMMERCE DR
    AUGUSTA,GA30909     		N/A PC Emergency Meals Program 10,000
    INSPIREDU INC
    1550 SOUTHLAND CIR NW
    ATLANTA,GA30318     		N/A PC The Family Learning Program 15,000
    KENYA KEYS
    5314 TUALATA CT
    LAKE OSWEGO,OR97035     		N/A PC General & Unrestricted 5,000
    KIPP METRO ATLANTA COLLABORATIVE INC
    1445 MAYNARD RD NW
    ATLANTA,GA30331     		N/A PC KIPP Through College (KTC) 15,000
    L E A D INC
    1266 W PACES FERRY RD STE 429
    ATLANTA,GA30327     		N/A PC General & Unrestricted 15,000
    MIDLANDS HOUSING ALLIANCE INC
    2025 MAIN ST
    COLUMBIA,SC29201     		N/A PC General & Unrestricted 1,000
    NATIONAL OUTDOOR LEADERSHIP SCHOOL
    284 LINCOLN ST
    LANDER,WY82520     		N/A PC General & Unrestricted 3,500
    NOAHS ARK ANIMAL REHABILITATION CENTER AND SANCTUA
    712 L G GRIFFIN RD
    LOCUST GROVE,GA30248     		N/A PC Animal Awareness Campaign- Signage and Educational Curriculum 10,000
    POSSE FOUNDATION - ATLANTA
    101 MARIETTA ST NW SUITE 1040
    ATLANTA,GA30303     		N/A PC Posse Atlanta's college access and success, leadership and career development program for diverse, high-achieving students 15,000
    SALT AND LIGHT COALITION NFP
    222 W HUBBARD ST STE 300
    CHICAGO,IL60654     		N/A PC General & Unrestricted 1,000
    SOLID GROUND WASHINGTON
    1501 N 45TH ST
    SEATTLE,WA98103     		N/A PC General & Unrestricted 1,000
    SOUTHERN UTAH WILDERNESS ALLIANCE
    425 E 100 S
    SALT LAKE CITY,UT84111     		N/A PC General & Unrestricted 1,000
    SUNSHINE ON A RANNEY DAY INCORPORATED
    42-C OAK ST
    ROSWELL,GA30075     		N/A PC Home Modifications Fund 10,000
    THE CONSERVATION FUND A NONPROFIT CORP - GA CHAPT
    100 PEACHTREE ST NW STE 230
    ATLANTA,GA30303     		N/A PC Parks with a Purpose 10,000
    THE TREVOR PROJECT INC
    PO BOX 69232
    WEST HOLLYWOOD,CA90069     		N/A PC General & Unrestricted 1,000
    THE TRUST FOR PUBLIC LAND - GEORGIA OFFICE
    600 W PEACHTREE ST NW STE 1840
    ATLANTA,GA30308     		N/A PC Atlanta Community Schoolyards (ACS) Pilot Program 10,000
    WASATCH COMMUNITY GARDENS
    629 E 800 S
    SALT LAKE CITY,UT84102     		N/A PC Job Training Program 5,000
    YOUNG LIFE - CARROLL COUNTY
    PO BOX 2781
    CARROLLTON,GA30112     		N/A PC West GA Building Fund 5,000
    Total .................................bullet 3a 370,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 105  
    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 ............     		    18 577,309  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -11,879 14 -167  
    bFederal Tax Refund     01 526  
    cSec 751 Gain on Sale of Ptshp 525990 31,065      
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 19,186 792,120  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    811,306
    (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

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

    TY 2021 DepreciationSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2021 GeneralExplanationAttachment
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Identifier Return Reference Explanation
    FORM 990-PF Form 990-PF One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK AMER CORP MTN - 2.884% - 17,920 17,570
    CITIGROUP INC NOTE - 3.668% - 16,391 17,268
    COMCAST CORP NOTE - 4.150% - 1 17,405 18,178
    CVS CAREMARK CORP NOTE - 4.300 18,397 17,968
    ENTERPRISE PRODUCTS OPERTATING 10,010 12,210
    GOLDMAN SACHS - 3.800% - 03/15 18,339 17,630
    JP MORGAN CHASE BANK - 4.203% 20,521 22,390
    SHELL INT'L FINANCE - 2.875% - 17,209 18,042
    VERIZON COMMUNICATIONS INC - 4 18,824 17,785
    WELLS FARGO - 3.584% - 08/05/2 16,464 17,212

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AAC TEC HOLDINGS ADR 11,020 4,536
    ABB LTD 6,608 12,901
    ABBOTT LABS 5,918 19,141
    ABBVIE INC 13,879 23,966
    ACCENTURE PLC 4,675 16,582
    ACUSHNET HOLDINGS CORP 547 849
    ADIDAS AG 10,237 8,496
    ADIENT PLC 812 1,676
    ADOBE SYSTEMS, INC 2,463 10,774
    ADVANCE AUTO PARTS INC 4,287 6,477
    ADYEN N.V. 7,905 19,951
    AIA GROUP LTD ADR 18,952 24,313
    AIR PRODS & CHEM INC 13,897 27,383
    AKZO NOBEL NV-ADR 10,758 10,434
    ALCON INC 11,010 15,246
    ALFA LAVAL AB 4,063 8,429
    ALIBABA GROUP HOLDING LTD 10,005 5,346
    ALLETE INC 1,618 1,526
    ALLIANZ SE 14,409 17,094
    ALTRA HLDGS INC 1,000 1,960
    AMAZON COM 9,510 33,343
    AMBEV SA 7,302 5,412
    AMER EQ INV LIFE HLD 1,611 2,880
    AMERICA MOVIL SA 11,151 16,761
    AMERICAN TOWER REIT INC 11,967 15,210
    AMPHENOL CORPORATION 3,337 7,696
    ANGLO AM PLC ADR 11,927 16,896
    ANHUI CONCH CEM ADR 11,017 9,419
    AON PLC CL A 6,353 15,629
    APPLE INC 6,268 21,131
    APTIV PLC 3,132 6,268
    ARCH CAPITAL GROUP LTD 9,116 13,468
    ARCONIC CORP 1,041 1,617
    ARISTA NETWORKS 3,143 8,625
    ARMSTRONG WORLD INDU 3,052 5,109
    ASE TECHNOLOGY HOLDINGS CO LTD 18,921 18,947
    ASHLAND GLOBAL HOLDINGS 722 1,077
    ASM PACIFIC TECH 9,869 9,279
    ASML HOLDING NV NY REG SHS 3,439 7,165
    ATKORE INTERNATIONAL GROUP INC 623 3,113
    ATLAS COPCO AB A SHS ADR 8,529 22,526
    ATLASSIAN CORP PLC 4,654 8,007
    AUTOMATIC DATA PROCESSING INC 13,256 23,179
    AVANOS MEDICAL, INC. 1,187 1,421
    AVIENT 1,469 1,846
    BANCO BILBAO ARG SA 8,870 7,214
    BANCO DO BRASIL S A SPONSORED 17,867 10,315
    BANCO SANTANDER CEN 4,828 6,978
    BANDAI NAMCO HOLDINGS INC 7,062 6,769
    BANK OF NT BUTTERFIELD AND SON 703 915
    BARCLAYS PLC ADR 10,016 9,905
    BARNES GROUP INC 1,490 1,444
    BB SEGURIDADE 14,005 7,862
    BERKLEY W R CP 3,019 5,355
    BERRY PLASTICS GROUP INC 2,059 3,689
    BEST BUY INC 13,033 11,278
    BHP BILLITON LIMITED 17,029 13,579
    BIDVEST GROUP LTD (ADR) 5,524 6,544
    BIOMARIN PHARMACEUTICAL INC 3,597 3,534
    BLACK HILLS CORP 1,577 1,694
    BLACK KNIGHT, INC 5,501 6,217
    BLACKROCK HIGH YIELD BOND PORT 435,960 440,367
    BLACKROCK INC 11,343 24,720
    BP PLC SPONSORED ADR 11,274 11,691
    BRANDYWINE RLTY TR 1,467 1,503
    BROADCOM INC 16,728 35,267
    BROOKFIELD ASSET MANAGEMENT CL 3,318 7,970
    BROWN & BROWN INC 3,402 11,175
    BROWN FORMAN CORP CL B 1,428 2,404
    BUNZEL PUB LTD. 683 769
    BUREAU VERITAS SA 7,801 8,153
    CALAMOS MARKET NEUTRAL FD CL I 269,364 273,509
    CALRSBERG AS SP ADR REP B 7,395 11,388
    CANADIAN NATL RAILWAY CO 3,688 6,143
    CANNAE HOLDINGS INC 8,568 8,295
    CARLISLE COS INC 5,790 11,662
    CARMAX INC 4,430 9,246
    CDW CORP 2,528 9,010
    CHECK POINT SOFTWARE TECHNOLOG 11,339 12,705
    CHENIERE ENERGY INC 17,606 36,410
    CHEVRON CORP 15,880 16,546
    CHINA CONSTRUCT UNSPON ADR 20,943 18,096
    CHINA MERCHANTS BANK 6,806 11,378
    CHINA SHENHUA ADR 5,162 6,363
    CHOICE HOTELS INTERNATIONAL IN 504 1,092
    CHUGAI PHARMACEUTICAL CO., LTD 4,674 6,920
    CIRRUS LOGIC INC 1,259 1,840
    CISCO SYSTEMS INC 12,997 24,841
    CLARIVATE PLC 15,741 14,724
    CNX RESOURCES CORP 1,485 2,021
    COMCAST CORP 7,919 9,965
    COMML INTL BK S/ADR 9,060 10,359
    COMPAGNIE FINANCIERE RICHEMONT 5,347 6,443
    COMPASS GROUP PLC ADR 9,575 10,612
    CONCENTRIX CORP 464 1,786
    CONTL AG SPONS ADR 8,445 8,169
    COPART INC 1,758 8,946
    CORNING INC 8,166 7,632
    CRACKER BARREL OLD COUNTRY STO 1,486 1,544
    CROWN CASTLE INTL 11,783 23,796
    CSPC PHARMACEUTICALS GROUP 7,759 6,893
    DAIKIN INDS LTD ADR 7,328 7,908
    DAIWA HOUSE IND LTD 6,571 6,572
    DASSAULT SYS SA SPN ADR 8,723 19,157
    DBS GROUP HLDGS SPON ADR 15,584 27,845
    DELEK US HLDGS INC 1,415 675
    DELUXE CORPORATION 995 578
    DENNYS CORPORATION 757 880
    DEVON ENERGY CORPORATION 1,365 3,965
    DEXCOM, INC 3,240 4,833
    DIAGEO PLC ADS 5,206 7,265
    DIODES 452 1,098
    DOLLAR TREE INC 8,820 14,614
    DRIL QUIP INC 1,145 512
    DT MIDSTREAM INC 18,722 19,528
    EAST WEST BANCORP, INC 3,114 5,822
    EATON CORP PLC 15,042 20,911
    ELI LILLY & CO 8,957 21,269
    ENBRIDGE INC 30,944 37,869
    ENEL SOCIETA PER AZI 10,899 10,149
    ENGIE 13,483 14,691
    ENGIE BRASIL ENERGIA S A 7,121 5,749
    ENN ENERGY HOLDINGS LIMITED 8,665 9,634
    EPIROC AB 4,211 10,925
    EQUINIX, INC 4,099 8,458
    EQUINOR ASA 3,622 5,582
    EQUITRANS MIDSTREAM CORPORATIO 18,458 25,747
    ESSENT GROUP LTD 764 820
    EVERSOURCE ENERGYINC 5,648 6,642
    EXPEDITORS INTL WASH INC 2,119 5,103
    F.N.B CORPORATION 1,954 2,487
    FANUC LIMITED UNSPONSORED 4,217 4,428
    FERGUSON PLC 4,457 12,199
    FIDELITY NATIONAL INFORMATION 5,556 4,584
    FIRST FINANCIAL BANCORP 1,543 1,707
    FIRST INTERSTATE BANCSYSTEM IN 644 773
    FLEXTRONICS INTERNATIONAL 1,201 2,585
    FOMENTO ECONOMICO MEXICANO 8,218 7,693
    FUCHS PETROLUB SE 884 819
    FUJITSU LTD ADR OTC 7,188 8,768
    FULLER H B CO 1,140 2,025
    GALP ENERGIA 14,036 10,935
    GARTNER INC 3,179 10,364
    GAZPROM PJSC SPON ADR EA REP 2 5,461 7,986
    GLACIER BANCORP INC 2,595 4,366
    GRAINGER W W INC 3,710 8,292
    GREAT WESTERN BANCORP INC 1,063 1,698
    GREEK ORG FOOTBALL 7,340 7,740
    GROUP 1 AUTOMOTIVE INC 1,530 1,952
    GRUPO FIN ADR 7,864 9,514
    H AND E EQUIPMENT SERVICES INC 546 1,062
    HAIER SMART HOME ADR 6,736 7,568
    HANCOCK WHITNEY CORPORATION 1,934 3,551
    HANOVER INS GROUP 1,780 2,359
    HDFC BANK LTD ADR 3,924 5,856
    HELIX ENERGY SOLUTIONS GROUP I 943 583
    HENGAN INTL GRP ADR 15,261 9,817
    HESS MIDSTREAM LP CL A 12,896 13,649
    HIMAX TECHNOLOGIES - ADR 6,708 8,171
    HITACHI LTD 5,917 8,236
    HOME DEPOT INC 15,285 41,501
    HONEYWELL INTL 3,575 5,630
    HUNTSMAN CORP 1,034 2,128
    ICICI BK LTD ADS 3,996 9,954
    IHS MARKIT LTD 5,536 14,621
    ILLINOIS TOOL WORKS 7,491 13,574
    INDEPENDENCE REALTY TR 393 904
    INDUSTRIA DE DISENO 8,617 8,257
    INFINEON TECH ADS 10,985 22,678
    INFOSYS TECH LTD SPD ADR 1,985 5,264
    INTEGER HOLDINGS CORP 1,061 1,369
    INTEGRA LIFESCIENCES HOLDINGS 1,070 1,541
    INTUITIVE SURGICAL 4,779 5,030
    ISHARES BARCLAYS US AGGREGATE 369,777 384,678
    ISHARES S&P SMALLCAP 600 GROWT 117,837 189,740
    ISHARES TR S & P MIDCAP 400 IN 90,874 150,599
    ITT INC 1,622 4,190
    J & J SNACK FOODS CORP 1,293 1,580
    JONES LANG LASALLE INC PROP TR 272,933 303,158
    JP MORGAN CHASE 19,961 33,570
    KASIKORNBANK PUB CO LTD ADR CM 7,856 6,867
    KB HOME 1,080 1,700
    KBR INC 945 1,952
    KEMPER CORP 1,436 1,352
    KIMBERLY CLARK 8,475 6,737
    KINDER MORGAN INC 22,818 24,551
    KIRBY CORPORATION 1,306 1,604
    KITE RLTY GROUP TRUST 1,275 1,634
    KOMATSU LTD 5,601 6,403
    KONINKLIJKE DSM NV ADR 6,722 13,134
    KOOKMIN BANK 12,378 14,356
    KUBOTA CORPORATION 6,307 9,273
    L'AIR LIQUIDE ADR OTC 14,180 17,644
    L'OREAL ADR 10,190 22,137
    LABORATORY CORP AMER HLDGS 4,841 10,683
    LEGGETT PLATT INC 757 700
    LEGRAND INC 9,516 10,232
    LENOVO GROUP LTD ADR 8,815 9,353
    LEXINGTON REALTY TRUST 995 1,890
    LIBERTY BROADBAND CORPORATION 7,086 13,210
    LIFE HEALTHCARE GR UNSPON ADR 6,620 7,211
    LIFE STORAGE, INC 785 2,145
    LINDE PLC COM 3,229 6,929
    LOCKHEED MARTIN CORP 9,789 12,795
    LONZA GROUP AG UNSP/ADR 5,324 13,360
    LORD ABBETT INVESTMENT TRUST S 814,696 790,063
    LOUISIANA PACIFIC CP 770 4,309
    MADDEN STEVEN LTD 857 1,673
    MAGNOLIA OIL + GAS CORPORATION 1,666 2,113
    MAKITA CORP 11,201 12,201
    MARKEL CORP 7,789 9,872
    MARSH AND MCLENNAN COMPANIES I 10,067 21,728
    MASTEC INC 1,831 4,337
    MCDONALD'S CORP 12,092 19,569
    MEDTRONIC PLC 26,693 30,621
    MERCK & CO INC 24,566 24,985
    MERCK KGAA SPON ADR EACH REPR 7,122 12,556
    MERITAGE CORPORATION 1,179 2,807
    META PLATFORMS INC 10,726 24,554
    MICROSOFT CORP 15,407 65,919
    MKS INSTRUMENTS, INC 3,122 3,483
    MOBILE TELSYS OJSC 7,434 6,304
    MOELIS AND COMPANY 1,684 2,875
    MONDELEZ INTERNATIONAL INC 22,037 26,922
    MONDI PLC ADR 5,798 6,684
    MONSTER BEVERAGE CORP 4,790 7,011
    NATL HEALTH INVESTOR 1,669 1,552
    NBT BANCORP 810 886
    NCR CP 329 724
    NEDBANK GROUP LTD S/ADR 8,032 8,764
    NESTLE S.A 7,534 13,756
    NETFLIX INC 9,194 9,639
    NETSCOUT SYSTEMS, INC 858 926
    NEXSTAR MEDIA GROUP, INC 814 755
    NEXTERA ENERGY, INC 12,818 33,143
    NIKE INC-CL B 7,550 8,000
    NOTORI HOLDINGS 7,236 6,464
    NOVARTIS AG ADR 7,721 9,272
    NOVOZYMES A/S UNSP/ADR 4,290 6,733
    NUVASIVE, INC 839 682
    NVIDIA CORP 2,648 19,999
    NXP SEMICONDUCTORS 3,296 5,922
    OIL CO LUKOIL PJSC SPON ADR RE 17,281 20,923
    ON SEMICONDUCTOR 1,027 4,211
    ONEOK INC 12,806 12,163
    ORTHO CLINICAL DIAGNOSTICS HOL 748 834
    OUTFRONT MEDIA INC 1,666 2,628
    PACCAR INC 6,524 6,620
    PAE INC 863 1,023
    PALO ALTO NETWORKS INC 2,488 12,249
    PATTERSON-UTI ENERGY INC 1,265 811
    PAYCHEX 8,963 19,929
    PAYPAL HOLDINGS, INC 4,682 4,715
    PEARSON PLC 4,710 4,645
    PEMBINA PIPELINE CORP CANADA 11,351 12,466
    PEPSICO INC 18,062 27,620
    PERFORMANCE FOOD GROUP COMPANY 567 1,147
    PERNOD-RECARD SA 6,898 9,502
    PETROBRAS DISTRIBUIDORA UNSPON 5,941 5,484
    PETROLEO BRASILEIRO 11,958 11,342
    PHILLIPS 66 7,662 5,290
    PIMCO SHORT TERM FUND P 355,670 353,835
    PING AN INSURANCE GROUP ADR 20,255 14,684
    PNC FINANCIAL GROUP INC 12,874 18,247
    PRIMORIS SERVICES CORP 1,191 1,271
    PROCTER GAMBLE CO 21,937 27,972
    PROG HOLDINGS INC 916 767
    PROGRESSIVE CORP OHIO 6,981 8,520
    PROLOGIS 10,187 19,361
    PROSPERITY BANC SHARES, INC 1,501 1,663
    PRUDENTIAL PLC SC 6,894 5,647
    PT ASTRA INTL ADR 12,080 7,954
    PT BK MANDIR PRS UNSP/ADR 11,069 12,834
    PT TELEKOM. IND. TBK ADR 19,566 22,409
    QUALCOMM INC 13,774 22,127
    RAYTHEON TECHNOLOGIES CORP 4,436 6,196
    REALTY INCOME CORP 13,404 14,819
    REGAL REXNORD CORP 578 1,532
    RELX PLC 14,009 21,327
    RENEWABLE ENERGY GROUP INC 859 637
    RIO TINTO PLC SPONSORED ADR 8,183 10,108
    ROCHE HOLDING LTD ADR 11,613 16,696
    ROSS STORES, INC 4,847 7,085
    ROYAL DUTCH SHEL PLC SPONS ADR 8,351 7,673
    RPT REALTY 494 830
    RYANAIR HOLDINGS PLC-ADR COM 5,830 7,675
    RYOHIN KEIKAKU 8,613 5,406
    S&T BANCORP, INC. 723 851
    SAFRAN SA - UNSPON ADR 11,919 13,154
    SAIA, INC 187 1,011
    SALESFORCE.COM 10,585 14,231
    SAMPO PLC UNSPONSORED ADR 9,300 9,831
    SANDVIK AB SPONS ADR 8,139 10,845
    SANDY SPRING BANCORP INC 489 914
    SANLAM LTD SPONSORED ADR (SOUT 5,572 4,975
    SANOFI-AVENTIS SPONSORED ADR 15,686 17,335
    SAP AKTIENGESELL ADS 11,277 15,412
    SBERBANK SPONSORED ADR 6,001 8,379
    SCHNEIDER ELEC UNSP/ADR 8,477 17,762
    SCOTTS CO. CLASS A 440 805
    SEA LTD 4,317 4,027
    SELECT MEDICAL 1,686 1,176
    SELECTIVE INS GROUP INC 1,390 2,458
    SEMPRA ENERGY COM 13,426 15,344
    SERVICE CP INTL 702 923
    SGS SA UNSP ADR 4,390 5,817
    SHIMANO INC UNSP ADR EACH REPR 9,392 13,156
    SHINHAN FINL GROUP CO LTD 9,528 8,006
    SHIONOGI & CO LTD 6,725 8,393
    SINOPHARM GROUP CO 11,471 9,005
    SKYWEST, INC 929 786
    SMITH & NEPHEW PLC ADR 4,823 4,674
    SONOVA HOLDING AG AD 3,500 6,753
    SOUTH JERSEY INDS INC 979 836
    SOUTHWEST GAS CP 677 841
    SPECTRUM BRANDS HOLDINGS INC 970 1,933
    SPIRIT REALTY CAPITAL, INC 1,820 2,458
    SPLUNK INC 2,748 3,934
    STANDARD BANK GROUP SPON ADR 5,639 5,602
    STARBUCKS CORP COM 9,168 20,119
    STERLING BANCORP (N.Y.) 756 954
    STEWART INFORMATION SVCS CORP 757 877
    STIFEL FINANCIAL CP 1,644 4,155
    SUMITOMO MITSUI FINCL GRP 8,131 7,863
    SUMMIT HOTEL PROPERTIES, INC 450 839
    SUMMIT MATERIALS INC 402 923
    SUNCOR ENERGY INC 10,315 8,836
    SUZUKI MOTOR CORP UNSP ADR 7,685 6,010
    SYMRISE AG UNSPONSORED 4,314 9,675
    SYNNEX CORP 415 801
    SYNOVUS FINL CP 1,407 2,776
    SYSMEX CORP UNSP ASDR 5,246 11,589
    TAIWAN SEMICONDUCTOR MFG CO LT 10,284 32,845
    TARGA RESOURCES CORP 15,656 37,665
    TC ENERGY CORPORATION 12,453 13,078
    TELENOR ASA 7,342 7,009
    TENCENT HOLDINGS LIMITED 14,076 15,916
    TERADYNE INC 773 3,107
    TESCO PLC S ADR 11,473 11,886
    TEXAS INSTRUMENTS INC 14,205 32,417
    TEXAS ROADHOUSE, INC 414 714
    THERMO FISHER SCIENTIFIC INC 3,058 13,345
    TOWER SEMICONDCTOR LTD 1,082 2,341
    TRACTOR SUPPLY CO COM 4,447 6,442
    TRUIST FINANCIAL CORPORATION 17,287 23,361
    TTM TECHNOLOGIES INC 1,283 1,699
    TYCMY 7,025 7,708
    UBER 7,893 8,176
    UIPATH ORD SHS CLASS A 4,028 2,890
    ULTA SALON, COSMETICS & FRAGRA 3,552 7,010
    UMPQUA HOLDINGS CORPORATION 1,174 2,405
    UNICHARM CORP - SPN ADR 8,513 11,169
    UNIFIRST CP 1,164 1,683
    UNILEVER PLC AMER 34,061 33,995
    UNITED PARCEL SERVICE 17,932 26,578
    UNITEDHEALTH GROUP INC 5,468 15,566
    UNIVERSAL MUSIC GROUP 3,074 2,780
    US BANCORP 10,956 11,796
    VALE SA 6,588 6,645
    VALLEY NATL BANCORP 1,705 2,489
    VANGUARD FTSE DEVELOPED MARKET 363,752 475,112
    VANGUARD FTSE EMERGING MARKETS 145,350 180,875
    VANGUARD GROWTH ETF 240,765 637,627
    VANGUARD VALUE ETF 246,616 381,162
    VERIZON COMMUNICATIONS 7,512 7,326
    VESTAS WIND SYS UNSP/ADR 6,487 8,838
    VIAVI SOLUTIONS INC 1,076 1,674
    VISA INC 7,160 16,037
    VISHAY INTERTECH 586 765
    VODACOM GROUP LIMITE 4,904 4,195
    VOLKSWAGEN AG ADR 8,220 9,237
    VONTIER CORPORATION 5,738 6,085
    WALT DISNEY HOLDINGS CO 4,524 6,196
    WEBSTER FINL CORP 2,354 3,685
    WEC ENERGY GROUP, INC 6,884 10,581
    WEICHAI POWER CO LTD 6,282 10,156
    WERNER ENTERPRISES INC 1,072 1,668
    WESCO INTL INC 657 3,027
    WESTERN ALLIANCE BANCORPORATIO 1,560 4,521
    WESTERN ASSET SMASH SERIES C F 108,038 109,796
    WESTERN ASSET SMASH SERIES EC 313,677 307,772
    WESTERN ASSET SMASH SERIES M F 156,549 151,794
    WILLIAMS COS 27,480 30,727
    WOLTERS KLUWER S/ADR 3,545 9,924
    WOLVERINE WORLDWIDE 1,221 1,441
    WORKDAY INC 5,841 6,830
    XP INC CL A 5,911 5,403
    YANDEX N V 1,850 4,175
    ZOETIS INC 2,480 11,469
    ZURN WATER SOLUTIONS 614 1,565

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    US Government Securities - End of Year Book Value:

    382,280
    US Government Securities - End of Year Fair Market Value:

    384,957
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ENERGY TRANSFER LP   22,560 33,891
    ENTERPRISE PRODUCTS PARTNERS L   22,438 32,633
    MAGELLAN MIDSTREAM PARTNERS LP   17,264 24,753
    MPLX LP   20,741 38,318
    PLAINS ALL AMERICAN PIPELINE L   38,190 37,818
    WESTERN MIDSTREAM PARTNERS, LP   8,466 20,756

    TY 2021 OtherExpensesSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 51,093     51,093
    Bank Charges 163 163    
    Foundation Dues & Memberships 1,280     1,280
    K-1 Exp DCP MIDSTREAM LP 8      
    K-1 Exp ENERGY TRANSFER LP 185 180    
    K-1 Exp ENTERPRISE PRODUCTS PA 3 1    
    K-1 Exp MAGELLAN MIDSTREAM PAR 2 1    
    K-1 Exp NUSTAR ENERGY L.P 14 9    
    K-1 Exp PLAINS ALL AMERICAN PI 292 274    
    K-1 Exp TC PIPELINES LP 2      
    State or Local Filing Fees 30     30


    TY 2021 OtherIncomeSchedule2
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Federal Tax Refund 526    
    K-1 Inc/Loss DCP MIDSTREAM LP -704 -30  
    K-1 Inc/Loss ENERGY TRANSFER LP 1,043 236  
    K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP -2,026 -65  
    K-1 Inc/Loss MAGELLAN MIDSTREAM PARTNERS LP -824    
    K-1 Inc/Loss MPLX LP -2,365 54  
    K-1 Inc/Loss NUSTAR ENERGY L.P -360 -1  
    K-1 Inc/Loss PHILLIPS 66 PARTNERS LP -484 45  
    K-1 Inc/Loss PLAINS ALL AMERICAN PIPELINE LP -3,038 -334  
    K-1 Inc/Loss TC PIPELINES LP -37    
    K-1 Inc/Loss WESTERN MIDSTREAM PARTNERS, LP -3,251 -72  
    Sec 751 Gain on Sale DCP MIDSTREAM LP 2,362    
    Sec 751 Gain on Sale ENERGY TRANSFER LP 3,999    
    Sec 751 Gain on Sale ENTERPRISE PRODUCTS PARTNERS 5,876    
    Sec 751 Gain on Sale MAGELLAN MIDSTREAM PARTNERS L 3,221    
    Sec 751 Gain on Sale MPLX LP 3,079    
    Sec 751 Gain on Sale NUSTAR ENERGY L.P 1,013    
    Sec 751 Gain on Sale PHILLIPS 66 PARTNERS LP 2,816    
    Sec 751 Gain on Sale PLAINS ALL AMERICAN PIPELINE 2,365    
    Sec 751 Gain on Sale TC PIPELINES LP 4,533    
    Sec 751 Gain on Sale WESTERN MIDSTREAM PARTNERS, L 1,801    


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 64,700 64,700    


    TY 2021 TaxesSchedule
    Name:
    The Mary Alice and Bennett Brown Foundation
     
    Inc
    EIN:
    58-6332776
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2021 4,200      
    990-PF Extension for 2020 470      
    Foreign Tax Paid 2,509 2,509