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
CBF FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)8200 ROBERTS DRIVE 215
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30350
A Employer identification number

82-2450365
B Telephone number (see instructions)

(770) 559-0920
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$31,045,596J 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) 280,339
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,658,612 1,658,612  
4 Dividends and interest from securities... 31,528 31,528  
5a Gross rents............      
b Net rental income or (loss) -522
6a Net gain or (loss) from sale of assets not on line 10 225,854
b Gross sales price for all assets on line 6a 2,723,209
7 Capital gain net income (from Part IV, line 2)... 410,840
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 16,337 16,337  
12 Total. Add lines 1 through 11........ 2,212,670 2,117,317  
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)......... Click to see attachment 9,224 0   9,224
b Accounting fees (attach schedule)....... Click to see attachment 5,332 0   5,332
c Other professional fees (attach schedule).... Click to see attachment 8,126 8,126   0
17 Interest............... 3 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 31,121 522   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 5,636 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 658 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,860 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 63,960 8,648   14,556
25 Contributions, gifts, grants paid....... 1,636,000 1,636,000
26 Total expenses and disbursements. Add lines 24 and 25 1,699,960 8,648   1,650,556
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 512,710
b Net investment income (if negative, enter -0-) 2,108,669
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......... 156,219 255,335 255,335
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet       0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet270,000
Less: accumulated depreciation (attach schedule) bullet   270,000 270,000 270,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 29,829,737 Click to see attachment29,886,390 29,886,390
14 Land, buildings, and equipment: basis bullet454,631
Less: accumulated depreciation (attach schedule) bullet20,900 439,367 Click to see attachment433,731 433,731
15 Other assets (describe bullet) Click to see attachment2,417 Click to see attachment200,140 Click to see attachment200,140
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 30,697,740 31,045,596 31,045,596
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 30,697,740 31,045,596
29 Total net assets or fund balances (see instructions)..... 30,697,740 31,045,596
30 Total liabilities and net assets/fund balances (see instructions). 30,697,740 31,045,596
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
30,697,740
2
Enter amount from Part I, line 27a .....................
2
512,710
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
18,108
4
Add lines 1, 2, and 3 ..........................
4
31,228,558
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
182,962
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
31,045,596
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 PERSHING STCG P    
b PERSHING LTCG P    
c PERSHING ISHARES TR RUSSELL 1000 GROWTH D    
d CAPITAL GAINS DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,095,934   1,081,385 14,549
b 1,335,883   1,136,130 199,753
c 280,018   94,854 185,164
d 11,374     11,374
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       14,549
b       199,753
c       185,164
d       11,374
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 2 410,840
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 29,310
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 29,310
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 30,374
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 80,374
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 51,064
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet51,064 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCBF FOUNDATION Telephone no.bullet (678) 905-3008

    Located atbullet8200 ROBERTS DRIVE SUITE 215ATLANTAGA ZIP+4bullet30350
    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
    W MILLARD CHOATE TRUSTEE, DISTRIBUTION COMM
    1.00     		0 0 0
    8200 ROBERTS DRIVE SUITE 215
    ATLANTA,GA30350
    SUSAN CHOATE DISTRIBUTION COMMITTEE
    1.00     		0 0 0
    8200 ROBERTS DRIVE SUITE 215
    ATLANTA,GA30350
    EMILY G CHOATE DISTRIBUTION COMMITTEE
    1.00     		0 0 0
    8200 ROBERTS DRIVE SUITE 215
    ATLANTA,GA30350
    KATHERINE CHOATE DISTRIBUTION COMMITTEE
    1.00     		0 0 0
    8200 ROBERTS DRIVE SUITE 215
    ATLANTA,GA30350
    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
    1,482,818
    b
    Average of monthly cash balances.......................
    1b
    579,197
    c
    Fair market value of all other assets (see instructions)................
    1c
    28,679,715
    d
    Total (add lines 1a, b, and c).........................
    1d
    30,741,730
    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
    30,741,730
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    461,126
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    30,280,604
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,514,030
    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
    1,514,030
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    29,310
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    29,310
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,484,720
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,484,720
    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
    1,484,720
    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 1,484,720
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 556,588
    d From 2019...... 70,712
    e From 2020...... 485,677
    f Total of lines 3a through e ........ 1,112,977
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,650,556
    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..... 1,484,720
    e Remaining amount distributed out of corpus 165,836
    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 1,278,813
    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 ......     		1,278,813
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 556,588
    c Excess from 2019.... 70,712
    d Excess from 2020.... 485,677
    e Excess from 2021.... 165,836
    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).)
    W MILLARD CHOATE
    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
    INTERFAITH OUTREACH HOME
    5200-A BUFORD HWY NE
    ATLANTA,GA30340     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    HIGHLANDS MOTORING FESTIVAL FOUNDATION
    PO BOX 404
    HIGHLANDS,NC28741     		NONE PC HUMANITARIAN ASSISTANCE 5,000
    RESTORE LIFE
    1711 DONALD LEE HOLLOWELL PKWY NW
    FLOOR 3
    ATLANTA,GA30318     		NONE PC HUMANITARIAN ASSISTANCE 110,000
    EAST ATLANTA KIDS CLUB
    659 GRESHAM AVE SE A
    ATLANTA,GA30316     		NONE PC HUMANITARIAN ASSISTANCE 10,000
    WELLROOT FAMILY SERVICE
    1967 LAKESIDE PARKWAY 400
    TUCKER,GA30084     		NONE PC HUMANITARIAN ASSISTANCE 20,000
    SAINT BERNARD ABBEY FOUNDATION
    1600 ST BERNARD DRIVE SE
    CULLMAN,AL35055     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    THE ISAKSON INITIATIVE
    PO BOX 250116
    ATLANTA,GA303251116     		NONE PC HUMANITARIAN ASSISTANCE 25,000
    SPECIAL POPS TENNIS
    3176 WESTFIELD WAY NE
    ROSWELL,GA30328     		NONE PC HUMANITARIAN ASSISTANCE 12,500
    ERIN'S HOPE FOR FRIENDS
    11940 ALPHARETTA HIGHWAY
    ROSWELL,GA30009     		NONE PC HUMANITARIAN ASSISTANCE 12,500
    IT'S THE JOURNEY
    270 CARPENTER DRIVE STE 515
    ATLANTA,GA30328     		NONE PC HUMANITARIAN ASSISTANCE 12,500
    ATLANTA BRAVES FOUNDATION
    755 BATTERY AVE SE
    ATLANTA,GA30339     		NONE PC HUMANITARIAN ASSISTANCE 12,500
    CYSTIC FIBROSIS FOUNDATION
    57 EXECUTIVE PARK S 380
    ATLANTA,GA30329     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    BRIGHT FUTURES ALTANTA
    64 EDWIN PLACE NW
    ATLANTA,GA30318     		NONE PC HUMANITARIAN ASSISTANCE 162,500
    ATLANTA HUMANE SOCIETY
    981 HOWELL MILL ROAD NW
    ATLANTA,GA30318     		NONE PC HUMANITARIAN ASSISTANCE 5,000
    4 PAWS FOR ABILITY
    207 DAYTON AVE
    XENIA,OH45385     		NONE PC HUMANITARIAN ASSISTANCE 5,000
    THE EXTENSION
    PO BOX 793
    MARIETTA,GA30061     		NONE PC HUMANITARIAN ASSISTANCE 10,000
    R & S FOUNDATION
    2928 WOLF MEADOWS LN
    EUGENE,OR97408     		NONE PC HUMANITARIAN ASSISTANCE 10,000
    BEARINGS BIKE WORKS
    982 MURPHY AVE SW
    ATLANTA,GA30310     		NONE PC HUMANITARIAN ASSISTANCE 10,000
    GOSHEN VALLEY FOUNDATION INC
    387 GOSHEN CHURCH WAY
    WALESKA,GA30183     		NONE PC HUMANITARIAN ASSISTANCE 10,000
    HUNGRY FOR MUSIC
    2020 PENNSYLVANIA AVENUE NW 384
    WASHINGTON,DC20006     		NONE PC HUMANITARIAN ASSISTANCE 12,000
    DRAWCHANGE
    PO BOX 7201
    ATLANTA,GA303570201     		NONE PC HUMANITARIAN ASSISTANCE 12,000
    ARGENTINE TANGO SOCIETY
    800 FIFTH AVENUE APT 22C
    NEW YORK,NY10065     		NONE PC HUMANITARIAN ASSISTANCE 12,000
    ANGEL FLIGHT SOARS
    2000 AIRPORT ROAD SUITE 227
    ATLANTA,GA30341     		NONE PC HUMANITARIAN ASSISTANCE 12,500
    AMERICAN FOUNDATION SUICIDE PREVENTION
    199 WATER STREET 11TH FLOOR
    NEW YORK,NY10038     		NONE PC HUMANITARIAN ASSISTANCE 12,500
    WOUNDED WARRIOR
    PO BOX 758516
    TOPEKA,KS666758516     		NONE PC HUMANITARIAN ASSISTANCE 12,500
    ATLANTA CHILDRENS SHELTER
    PO BOX 54322
    ATLANTA,GA30308     		NONE PC HUMANITARIAN ASSISTANCE 12,500
    THE WOODRUFF ARTS CENTER (ATLANTIA SYMPHONY ORCHESTRA)
    1280 PEACHTREE STREET NE SUITE 4074
    ATLANTA,GA30309     		NONE PC HUMANITARIAN ASSISTANCE 14,000
    EAGLE RANCH
    500 UNION CHURCH RD
    FLOWERY BRANCH,GA30542     		NONE PC HUMANITARIAN ASSISTANCE 15,000
    SAINT ANN CHURCH
    5101 CHARLOTTE AVE
    NASHVILLE,TN37209     		NONE PC HUMANITARIAN ASSISTANCE 15,000
    UNITED CEREBRAL PALSY OF MIDDLE TENNESSEE
    1200 9TH AVENUE NORTH SUITE 110
    NASHVILLE,TN37208     		NONE PC HUMANITARIAN ASSISTANCE 20,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    2288 LIGHTWOOD RD
    HARTWELL,GA30643     		NONE PC HUMANITARIAN ASSISTANCE 25,000
    THE FURNITURE BANK
    908 MURPHY AVE SW
    ATLANTA,GA30310     		NONE PC HUMANITARIAN ASSISTANCE 30,000
    STREET GRACE
    5995 FINANCIAL DR STE 180
    NORCORSS,GA30071     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    NORTH FULTON COMMUNITY CHARITIES
    11270 ELKINS RD
    ROSWELL,GA30076     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    CLEMSON UNIVERSITY
    110 DANIEL DRIVE
    CLEMSON,GA29631     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    KENNESAW STATE UNIVERSITY
    3391 TOWN POINT DRIVE NW STE 4000
    MD 9102
    KENNESAW,GA30144     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    MY JOURNEY MATTERS
    150 E PONCE DE LEON AVE SUITE 450
    DECATUR,GA30030     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    GROVE PARK RENEWAL
    1566 DONALD LEE HOLLOWELL PKWY NW
    SUITE 101
    ATLANTA,GA30318     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    KENNESAW STATE UNIVERSITY (MILITARY VETS)
    3391 TOWN POINT DRIVE NW STE 4000
    MD 9102
    KENNESAW,GA30144     		NONE PC HUMANITARIAN ASSISTANCE 100,000
    AHIMSA HOUSE INC
    PO BOX 2173
    TUCKER,GA30085     		NONE PC HUMANITARIAN ASSISTANCE 5,000
    PHACE SYNDROME COMMUNITY
    PO BOX 300
    WILLOW GROVE,PA19090     		NONE PC HUMANITARIAN ASSISTANCE 5,000
    IGNATIUS HOUSE JESUIT
    6700 RIVERSIDE DR
    SANDY SPRINGS,GA30328     		NONE PC HUMANITARIAN ASSISTANCE 5,000
    FATHER RYAN HIGH SCHOOL
    700 NORWOOD DR
    NASHVILLE,TN37204     		NONE PC HUMANITARIAN ASSISTANCE 6,000
    SODDY DAISY COMMUNITY
    194 DEPOT ST
    SODDY DAISY,TN373796603     		NONE PC HUMANITARIAN ASSISTANCE 6,000
    FURKIDS
    5235 UNION HILL ROAD
    CUMMING,GA30040     		NONE PC HUMANITARIAN ASSISTANCE 7,500
    WORLD VISION
    PO BOX 9716
    FEDERAL WAY,WA980639716     		NONE PC HUMANITARIAN ASSISTANCE 10,000
    GSU FOUNDAITON(PROJECT HEALTHY)
    GSU FOUNDATION PO BOX 2668
    ATLANTA,GA303012668     		NONE PC HUMANITARIAN ASSISTANCE 10,000
    TREES ATLANTA
    225 CHESTER AVE SE
    ATLANTA,GA30338     		NONE PC HUMANITARIAN ASSISTANCE 10,000
    WELLSPRING LIVING
    1040 BOULEVARD SE SUITE M
    ATLANTA,GA30312     		NONE PC HUMANITARIAN ASSISTANCE 12,500
    LUTZIE 43 FOUNDATION
    1460 WOODSTOCK RD
    ROSWELL,GA30075     		NONE PC HUMANITARIAN ASSISTANCE 12,500
    CAMP TWIN LAKES
    1100 SPRING STREET SUITE 406
    ATLANTA,GA30309     		NONE PC HUMANITARIAN ASSISTANCE 12,500
    JEWISH FAMILY & CAREER SERVICES OF ATLANTA
    4549 CHAMBLEE RD
    DUNWOODY,GA30338     		NONE PC HUMANITARIAN ASSISTANCE 16,250
    CURE CHILDHOOD CANCER
    200 ASHFORD CENTER N SUITE 250
    ATLANTA,GA30338     		NONE PC HUMANITARIAN ASSISTANCE 16,250
    MATTHEW 25 INC
    625 BENTON AVE 120
    NASHVILLE,TN37204     		NONE PC HUMANITARIAN ASSISTANCE 22,000
    ROOM IN THE INN
    705 DREXEL ST 2
    NASHVILLE,TN37203     		NONE PC HUMANITARIAN ASSISTANCE 22,000
    COVENANT HOUSE
    TIMES SQUARESTATION PO BOX 731
    NEW YORK,NY101080900     		NONE PC HUMANITARIAN ASSISTANCE 25,000
    CROSSROADS COMMUNITY MINISTRIES
    PO BOX 55397
    ATLANTA,GA30308     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    LIFECYCLE BUILDING
    PO BOX 7661
    ATLANTA,GA30357     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    CHRIS 180
    1030 FAYETTEVILLE RD SE
    ATLANTA,GA30316     		NONE PC HUMANITARIAN ASSISTANCE 25,000
    CHRISTIAN CITY
    7345 RED OAK ROAD
    UNION CITY,GA30291     		NONE PC HUMANITARIAN ASSISTANCE 50,000
    FAMILIES FIRST
    80 JOSEPH E LOWERY BLVD NW
    ATLANTA,GA30314     		NONE PC HUMANITARIAN ASSISTANCE 25,000
    GEORGIA CENTER FOR CHILD ADVOCACY
    680 MURPHY AVE SW SUITE 5091
    ATLANTA,GA30310     		NONE PC HUMANITARIAN ASSISTANCE 20,000
    HAVE FOUNDATION
    201 W PONCE DE LEON AVE UNIT 41
    DECATUR,GA30030     		NONE PC HUMANITARIAN ASSISTANCE 5,000
    LAKE LANIER ASSOCIATION
    615 OAK ST SUITE 200
    GAINESVILLE,GA30501     		NONE PC HUMANITARIAN ASSISTANCE 10,000
    LIFELINE ANIMAL PROJECT
    3180 PRESIDENTIAL DRIVE
    ATLANTA,GA30340     		NONE PC HUMANITARIAN ASSISTANCE 10,000
    Total .................................bullet 3a 1,636,000
    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 ...........     		    14 1,658,612  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -522  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 225,854  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 1,931,809 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,931,809
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    CBF FOUNDATION
     
    Employer identification number

    82-2450365
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    CBF FOUNDATION
          		Employer identification number
    82-2450365
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    W MILLARD CHOATE
    8200 ROBERTS DRIVE SUITE 215
     
    ATLANTA, GA30350

    		$ 279,840


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    TRIPOLI MANAGEMENT INC
     
    8200 ROBERTS DRIVE SUITE 215
     
    ATLANTA, GA30350

    		$ 499


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    CBF FOUNDATION
          		Employer identification number

    82-2450365
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 967 SHARES OF ISHARES TR RUSSELL 10000 GROWTH $ 279,840 2021-09-15
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    CBF FOUNDATION
          		Employer identification number

    82-2450365
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 5,332 0   5,332

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

    TY 2021 DepreciationSchedule
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    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
    GARY ROAD BUILDING 2018-04-25 225,431 15,264 ADS 40.000000000000 5,636 0    
    GARY ROAD LAND 2018-04-25 229,200   L   0 0    

    TY 2021 GeneralExplanationAttachment
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Identifier Return Reference Explanation
    AMENDED RETURN FORM 990-PF PART I LINE 3 COLUMNS A AND B, LINE 6A, LINE 27 COLUMNS A AND B AMENDED RETURN EXPLANATION - CORRECTIONS TO INTEREST INCOME AND BOOK INCOME. PART I LINE 3 COLUMNS A AND B - INTEREST INCOME INCREASED FROM $1,290,659 TO $1,658,612, AN INCREASE OF $367,953. PART I LINE 6A - BOOK GAIN REDUCED FROM $410,840 TO $225,854 TO REFLECT BOOK BASIS FOR STOCK FMV ON DATE OF CONTRIBUTION. LINE 7 NET GAIN FOR NET INVESTMENT INCOME REMAINDED $410,840 SINCE TAX BASIS, WHICH WAS LOWER THAN BOOK BASIS DID NOT CHANGE. PART I LINE 27 COLUMN A EXCESS OF REVENUE OVER EXPENSES INCREASED FROM $329,743 TO $512,710 AS A RESULT OF THE ADJUSTMENTS TO INTEREST INCOME AND BOOK GAIN. PART I LINE 27 COLUMN B NET INVESTMENT INCOME INCREASED FORM $1,740,716 TO $2,108,669 AS A RESULT OF THE INCREASE IN INTERST INCOME.
      PART II END OF YEAR LINES 2,13,15; PART III LINE 5, LINE 6 AMENDED RETURN EXPLANATION - CORRECTION TO THE BALANCE SHEETEND OF YEAR - RECLASSIFICATION OF $227,797 OF CASH OUT OF PART II LINE 13 INVESTMENTS - OTHER TO PART II LINE 2 SAVINGS AND TEMPORARY CASH INVESTMENTS. THIS INCREASED CASH FROM $27,538 TO $255,335 AND REDUCED THE INVESTMENTS - OTHER FROM $30,114,187 TO $29,886,390. AN ADJUSTMENT IN LINE 15 INCREASED OTHER ASSETS FROM $200,135 TO $200,140. TOTAL ASSETS AT THE END OF THE YEAR INCREASED BY $5 TO $31,045,596. PART III LINE 5 IS A CORRECTION TO ELIMINATE THE UNREALIZED GAIN (LOSS) FROM THE INVESTMENT ACCOUNT AT THE BEGINNING OF THE YEAR. LINE 3 OF $18,108 IS THE END OF THE YEAR BALANCE OF UNREALIZED GAIN IN THE INVESTMENT ACCOUNT AND DID NOT CHANGE. LINE 5 IS A REDUCTION IN THE UNREALIZED GAIN IN THE INVESTMENT ACCOUNT OF $182,962 AT THE BEGINNING OF THE YEAR IN ORDER TO RECONCILE TO THE CORRECT END OF YEAR BALANCE OF $18,108. LINE 6 TOTAL NET ASSET OR FUND BALANCES AT END OF YEAR WAS INCREAED BY $5 FROM $31,045,591 TO $31,045,596.
      PART IV CAPITAL GAINS AND LOSSES; PART V EXCISE TAX ON NET INVESTMENT INCOME AMENDED RETURN EXPLANATION - ADJUSTMENT TO CAPITAL GAINS AND LOSSES AND EXCISE TAX ON NET INVESTMENT INCOME. PART IV CAPITAL GAINS AND LOSSES LINES 1B AND 1C - ISHARE TR RUSSELL 1000 GROWTH FUND WAS CONTRIBUTED TO THE FOUNDATION AND SOLD. THE TAX GAIN ON THE SALE OF THE ISHARES TR RUSSELL FUND WAS SEPARATED FROM THE OTHER ITEMS OF LTCG. NO CHANGE TO THE TAX GAIN. PART V EXCISE TAX ON INVESTMENT INCOME LINE 1 - WITH THE INCREASE IN INTEREST INCOME IN THE AMOUNT OF $367,953, THE EXCISE TAX ON NET INVESTMENT INCOME INCREASED FROM $24,196 AS ORIGINALLY FILED TO $29,310, AN INCREASE OF $5,114. AS A RESULT THE OVERPAYMENT SHOWING ON LINE 10 WAS REDUCED TO $51,064 AND THE AMOUNT CREDITED TO 2022 SHOWING ON LINE 11 IS $51,064.
      PART X LINE 2A AND 7; PART XII LINES 1, 4D,6A 9; PART XV-A AMENDED RETURN EXPANATION - DISTRIBUTABLE AMOUNT, UNDISTRIBUTED INCOME, ANALYSIS OF INCOME-PRODUCING ACTIVITIESPART X DISTRIBUTABLE AMOUNT LINE 2A TAX ON INVESTMENT INCOME INCREASED FROM $24,196 TO $29,310, AN INCREASE OF $5,114 WHICH REDUCED THE DISTRIBUTABLE AMOUNT ON LINE 7 FROM $1,489,834 TO $1,484,720. PART XII UNDISTRIBUTED INCOME LINES 1 AND 4D DECREASED BY $5,114 FROM $1,489,834 TO $1,484,720. LINE 6A AND EXCESS DISTRIBUTIONS CARRYOVER TO 2022 LINE 9 INCREASED FROM $1,273,699 TO $1,278,813, AN INCREASE OF $5,114.PART XV-A ANALYSIS OF INCOME-PRODUCING ACTIVITIES LINE 3 INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS INCREASED FROM $1,290,659 TO $1,658,612, AN INCREASE OF $367,953. LINES 12(D) AND 13 INCREASED BY $367,953 FROM $1,748,842 TO $1,931,809.
      SCHEDULE B PART I LINE 2 AMENDED RETURN EXPLANATION CONTRIBUTORSSCHEDULE B CONTRIBUTORS PART I LINE 2 - CORRECTED CONTRIBUTOR OF $499 TO TRIPOLI MANAGEMENT INC.

    TY 2021 InvestmentsOtherSchedule2
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PUBLICALLY TRADED SECURITIES FMV 1,476,675 1,476,675
    CONVERTIBLE NOTES FMV 28,409,715 28,409,715

    TY 2021 LandEtcSchedule2
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    GARY ROAD BUILDING 225,431 20,900 204,531  
    GARY ROAD LAND 229,200 0 229,200  


    TY 2021 LegalFeesSchedule
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 9,224 0   9,224


    TY 2021 OtherAssetsSchedule
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE 2,417    
    RELATED PARTY RECEIVABLE   200,140 200,140


    TY 2021 OtherDecreasesSchedule
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Description Amount
    REVERSAL OF UNREALIZED GAIN/LOSS ON INVESTMENT ACCOUNT BEGINNING OF YEAR 182,962


    TY 2021 OtherExpensesSchedule
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MARKETING EXPENSE 499 0   0
    SOFTWARE AND MAINTENANCE EXPENSE 1,667 0   0
    BUSINESS LICENSES AND PERMITS EXPENSE 1,694 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    REAL ESTATE TAX REFUND AND DEPR ADJ 16,337 16,337 16,337


    TY 2021 OtherIncreasesSchedule
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Description Amount
    ADJUSTMENT FOR UNREALIZED GAIN/LOSS ON INVESTMENT ACCOUNT END OF YEAR 18,108


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 8,126 8,126   0


    TY 2021 TaxesSchedule
    Name:
    CBF FOUNDATION
    EIN:
    82-2450365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES (ON INVESTMENT DIVIDENDS) 499 0   0
    FEDERAL TAX 30,000 0   0
    OTHER TAXES 100 0   0
    PROPERTY TAXES 522 522   0