TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022

Name of foundation
THE DAVID & PHYLLIS MURPHY CHARITABLE
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)103 EAST STATE STREET 800
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MASON CITY, IA50401

A Employer identification number

42-1477942

B Telephone number (see instructions)

(641) 423-4264

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$10,275,215J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	8,884,997
2	Check .............
3	Interest on savings and temporary cash investments	244		244
4	Dividends and interest from securities...	252,537		252,537
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,363,607
b	Gross sales price for all assets on line 6a 6,699,268
7	Capital gain net income (from Part IV, line 2)...			2,363,607
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	11,501,385		2,616,388
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).........		2,186	1,640	546
b	Accounting fees (attach schedule).......		8,155	6,524	1,631
c	Other professional fees (attach schedule)....		47,692	47,692	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		17	17	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	58,050		55,873	2,177
25	Contributions, gifts, grants paid.......	118,000			118,000
26	Total expenses and disbursements. Add lines 24 and 25	176,050		55,873	120,177
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	11,325,335
b	Net investment income (if negative, enter -0-)			2,560,515
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	46,840	154,636	154,636
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	353,951	813,706	766,723
	b	Investments—corporate stock (attach schedule).......	1,080,934	1,965,718	2,622,452
	c	Investments—corporate bonds (attach schedule).......	239,560	668,312	638,495
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	379,666	6,942,425	6,092,909
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,100,951	10,544,797	10,275,215
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	404,758	404,758
	28	Retained earnings, accumulated income, endowment, or other funds	1,696,193	10,140,039
	29	Total net assets or fund balances (see instructions).....	2,100,951	10,544,797
	30	Total liabilities and net assets/fund balances (see instructions).	2,100,951	10,544,797

Part III

Analysis of Changes in Net Assets or Fund Balances

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

2,100,951

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

11,325,335

Other increases not included in line 2 (itemize) bullet

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

13,426,286

Decreases not included in line 2 (itemize) bullet

2,881,489

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

10,544,797

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	PUBLICLY TRADED SECURITIES
c	PUBLICLY TRADED SECURITIES
d	CAPITAL GAIN DISTRIBUTIONS
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	56,528	48,628	7,900
b	428,226	298,268	129,958
c	6,174,269	3,988,765	2,185,504
d	40,245		40,245
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			7,900
b			129,958
c			2,185,504
d			40,245
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,363,607
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	35,591
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	35,591
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	2,014
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	45,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	47,014
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	1,087
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	10,336
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax10,336	Refunded	11	0

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

NONE

The books are in care of bullet

KRISTEN N OLLENBURG Telephone no. bullet

(641) 423-4264

Located at bullet

103 EAST STATE STREET SUITE 800MASON CITYIA ZIP+4 bullet

50401

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

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

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

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

16 No

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

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JOHN F WELCH	PRESIDENT/CHAIR 0.04	0	0	0
922 12TH ST NE MASON CITY,IA50401	PRESIDENT/CHAIR 0.04	0	0	0
BECKY ELSBERND	VICE-PRESIDENT 0.04	0	0	0
19050 THRUSH AVE MASON CITY,IA50401	VICE-PRESIDENT 0.04	0	0	0
KRISTIN SALMON	VICE-PRESIDENT 0.04	0	0	0
200 LAKEVIEW DRIVE MASON CITY,IA50401	VICE-PRESIDENT 0.04	0	0	0
KRISTEN N OLLENBURG	SECRETARY/TREASURER 0.04	0	0	0
103 EAST STATE ST SUITE 800 MASON CITY,IA50401	SECRETARY/TREASURER 0.04	0	0	0

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

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............. bullet

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

11,113,368

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

401,962

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

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

11,515,330

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

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

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

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

11,515,330

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

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

172,730

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

11,342,600

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

567,130

Part X

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

and do not complete this part.)

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

567,130

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

35,591

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

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

35,591

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

531,539

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

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

531,539

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

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

531,539

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7				531,539
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			113,831
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......
d From 2019......
e From 2020......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2021 from Part
XI, line 4: $ 120,177
a Applied to 2020, but not more than line 2a			113,831
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.....				6,346
e Remaining amount distributed out of corpus	0
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	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........				525,193
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

KRISTEN N OLLENBURG
103 EAST STATE STREET SUITE 800
MASON CITY,IA50401
(641) 423-4264

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

WRITTEN REQUESTS INCLUDING NAME, ADDRESS AND PURPOSE OF ORGANIZATION EVIDENCE OF EXEMPT STATUS, ID NUMBER, CURRENT FINANCIALS, OFFICERS DIRECTORS & CONTACT PERSON, AMOUNT & PURPOSE OF REQUEST, DATE NEEDED.

cAny submission deadlines:

SEPTEMBER 1

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

QUALIFIED 501(C)(3) CHARITY WITH PREFERENCE TO THOSE IN NORTH CENTRAL IOWA

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHARLES H MACNIDER MUSEUM 303 2ND STREET SE MASON CITY,IA50401	NONE	PC	EXHIBITS	2,000
CITY OF MASON CITY 10 FIRST STREET NW MASON CITY,IA50401	NONE	GOV	FIRE PREVENTION MATERIALS/SMOKE DETECTORS	3,000
CLEAR LAKE HIGH SCHOOL 125 N 20TH STREET MASON CITY,IA50401	NONE	PC	PORTABLE SOUND SYSTEM	7,000
FRANCIS LAUER YOUTH ORGANIZATION 50 N EISENHOWER AVE MASON CITY,IA50401	NONE	PC	BUILDING HOPE COMMUNITY CAMPAIGN	3,500
FRIENDS OF 457 CANNONBALL EXPRESS GARDENS 365 SUMAC ROAD MASON CITY,IA50401	NONE	PC	RESTORATION 1910	1,800
HUMANE SOCIETY OF NORTH IOWA 2700 S BIRCH DRIVE MASON CITY,IA50401	NONE	PC	FOOD SUPPLY SUPPORT	4,000
KCMR RADIO 316 N FEDERAL AVENUE MASON CITY,IA50401	NONE	PC	UPGRADING TECHNOLOGY	10,800
LUTHERAN SERVICES IN IOWA 2502 S JEFFERSON AVE MASON CITY,IA50401	NONE	PC	EARLY CHILDHOOD PROGRAMS	2,000
MASON CITY COMMUNITY POLICING ADVISORY BOARD 78 S GEORGIA AVENUE MASON CITY,IA50401	NONE	GOV	NATIONAL NIGHT OUT	1,500
MASON CITY COMMUNITY SCHOOLS 1700 FOURTH ST SE MASON CITY,IA50401	NONE	PC	EQUIPMENT FOR FUTURE IS NOW CAMPAIGN	10,000
MASON CITY INSTRUMENTAL MUSIC BOOSTERS PO BOX 111 MASON CITY,IA50401	NONE	PC	PURCHASE FIVE INSTRUMENTS	12,000
MASON CITY PUBLIC LIBRARY 225 2ND STREET SE MASON CITY,IA50401	NONE	GOV	SHELVING YOUTH SERVICES SECTION	3,500
MASON CITY PUBLIC SCHOOL EDUCATIONAL FOUNDATION 1515 S PENNSYLVANIA AVE MASON CITY,IA50401	NONE	PC	SCHOLARSHIPS	15,000
MASON CITY SENIOR ACTIVITY CENTER 326 4TH STREET NE MASON CITY,IA50401	NONE	PC	LED LIGHTS	2,000
MEALS ON WHEELS 606 N MONROE AVE MASON CITY,IA50401	NONE	PC	MEAL CONTAINERS	6,000
MUSIC MAN SQUARE 308 S PENNSYLVANIA AVE MASON CITY,IA50401	NONE	PC	SOUND BOARD SYSTEM	7,050
NIACC 500 COLLEGE DRIVE MASON CITY,IA50401	NONE	PC	SUMMER CAMPS	3,000
NORTH CENTRAL IOWA AG IN THE CLASSROOM 65 STATE STREET GARNER,IA50438	NONE	PC	PROGRAMS NORTH CENTRAL IOWA	7,500
NORTH IOWA TRANSITION SERVICES 111 2ND STREET NE MASON CITY,IA50401	NONE	PC	COMMUNITY CONNECTIONS & GLEE NORTH IOWA	4,000
ONE VISION 1200 N 9TH STREET W CLEAR LAKE,IA50428	NONE	PC	POOL WINDOWS AND SEALS	1,850
STEBENS CHILDREN'S THEATRE 616 N DELAWARE MASON CITY,IA50401	NONE	PC	PROGRAM SUPPORT	5,000
YMCA 1840 S MONROE AVE MASON CITY,IA50401	NONE	PC	CURTAINS GYMNASIUM	5,500
Total ................................. 3a				118,000

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	244
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	2,363,607
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		2,616,388	0

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

2,616,388

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2021)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Name of the organization

THE DAVID & PHYLLIS MURPHY CHARITABLE
FOUNDATION

Employer identification number

42-1477942

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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 THE DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION

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	PHYLLIS MURPHY ESTATE FIRST CITIZENS BANK 2601 4TH ST SW MASON CITY, IA50401	$ 8,837,168	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	PHYLLIS MURPHY ESTATE FIRST CITIZENS BANK 2601 4TH ST SW MASON CITY, IA50401	$ 47,829	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 3

Name of organization THE DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION		Employer identification number 42-1477942

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	PUBLICLY TRADED SECURITIES	$ 8,837,168	2021-07-01
(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 THE DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION			Employer identification number 42-1477942
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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:

- TIN:

TY 2021 AccountingFeesSchedule

Name:

THE DAVID & PHYLLIS MURPHY CHARITABLE

FOUNDATION

EIN:

42-1477942

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
RSM US LLP	8,155	6,524		1,631

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

THE DAVID & PHYLLIS MURPHY CHARITABLE

FOUNDATION

EIN:

42-1477942

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BANK OF AMERICA CUSIP: 06051GFF1 4.000% DUE 04/01/2024	2,054	2,014
BP CAPITAL MARKET CUSIP: 10373QAL4 2.750% DUE 05/10/2023	5,000	4,988
MIDAMERICAN ENERGY CUSIP: 595620AM7 3.500% DUE 10/15/2024	4,090	3,981
MORGAN STANLEY CUSIP: 6174468C6 4% DUE 7/23/25	5,097	4,999
JP MORGAN CHASE & CO CUSIP: 46625HKC3 3.125% DUE 1/23/25	2,983	2,957
PEPSICO INC CUSIP: 713448DN5 2.375% DUE 10/6/26	4,777	4,785
SIMON PPTY 3.375% DUE 6/15/27	2,029	1,898
PRINCIPAL FINL 3.1% DUE 11/15/26 CUSIP: 74251VAM4	2,841	2,847
ABBOTT LABORATORIES 3.875% CUSIP: 002824BM1 DUE 9/15/25	8,470	8,081
AMAZON COM 3.15% CUSIP: 023135BC9 DUE 8/22/27	8,587	7,781
CISCO SYSTEMS 2.95% CUSIP: 17275RBC5 DUE 2/28/26	8,425	7,850
COSTCO WHOLESALE 1.6% CUSIP: 22160KAP0 DUE 4/20/30	8,121	6,737
COMCAST CORP CUSIP: 20030NCT6 4.15% DUE 10/15/28	2,191	1,988
NORTHERN TRUST CUSIP: 665859AV6 1.95% DUE 5/1/30	8,237	6,800
VISA INC. CUSIP: 92826CAM4 DUE 4/15/30	8,370	7,031
APPLE INC 1.125% DUE 5/11/25 CUSIP: 037833DT4	8,139	7,515
BANK OF MONTREAL .45% DUE 12/8/23 CUSIP: 06368EA36	10,019	9,576
CHARLES SCHWAB .9% DUE 3/11/26 CUSIP: 808513BF1	10,013	9,011
DUKE ENERGY FLOR 1.75% DUE 6/15/30 CUSIP: 717081EY5	10,287	8,299
FORD CR AUTO OWNER .3% DUE 8/15/25 CUSIP 34532NAC9	15,024	14,576
GOLDMAN SACHS VAR DUE 2/12/26 CUSIP: 38141GXS8	5,025	4,549
HONDA AUTO REC .27% DUE 4/21/25 CUSIP: 43813GAC5	15,025	14,648
HONEYWELL INT 1.35% DUE 6/1/25 CUSIP: 438516CB0	8,162	7,544
PFIZER INC 1.7% DUE 5/28/30 CUSIP: 717081EY5	15,435	12,813
TEXAS INSTRUMENTS 1.375% DUE 3/12/25 CUSIP: 882508BH6	10,229	9,459
TARGET CORP 1.95% DUE 1/15/2027 CUSIP:87612EBM7	10,008	9,259
PROCTER & GAMBLE 1.9% DUE 2/1/27 CUSIP: 742718FV6	10,010	9,364
AVALONBAY COMM 1.9% DUE 12/1/28 CUSIP: 053484AC5	10,012	8,688
BANK OF AMERICA CUSIP: 06051GHX0 DUE 10/22/2030	10,442	8,738
AM EXPRESS .9% DUE 11/16/26 CUSIP: 02582JJR2	25,021	23,580
WELLS FARGO & CO 2.625% DUE 7/22/22	13,212	13,001
APPLE INC 2.1% DUE 9/12/22	10,085	9,995
BP CAPITAL MARKET 2.75% DUE 5/10/23	13,219	12,974
BANK OF AMERICA 4% DUE 4/1/24	13,912	13,098
MIDAMERICAN ENERGY 3.5% DUE 10/15/24	6,354	6,002
MORGAN STANLEY 3.7% DUE 10/23/24	75,211	74,912
JP MORGAN CHASE 3.125% DUE 1/23/25	5,234	4,930
GOLDMAN SACHS 3.5%	123,456	122,638
MORGAN STANLEY 4% DUE 7/23/25	8,707	8,001
PEPSICO INC. 2.375% DUE 10/6/26	10,124	9,591
PRINCIPAL FINL 2.375% DUE 10/6/26	7,279	6,653
LOWE'S COMPANIES INC 3.1% DUE 5/3/27	10,325	9,537
SIMON PROPERTY GROUP 3.375% DUE 6/15/27	8,531	7,605
JP MORGAN CHASE & CO SUB GLBL NT 27	99,623	99,215
COMCAST CORP 4.15% DUE 10/15/28	8,917	7,987

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

THE DAVID & PHYLLIS MURPHY CHARITABLE

FOUNDATION

EIN:

42-1477942

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ALPHABET INC. CLASS A	14,376	28,330
AMAZON COM INC	33,899	46,733
APPLE INC	50,492	84,767
CONSTELLATION BRAND	11,373	14,683
UNITED HEALTH GROUP	14,855	36,468
BLACKROCK INC.	13,206	15,835
SALESFORCE COM	11,001	16,009
FLEETCOR TECHNOLOGIES	8,360	10,295
ABBOTT LABORATORIES	17,936	20,861
AMETEK INC.	11,536	14,176
AMERIPRISE FINL	10,526	14,023
APPLIED MATERIALS	10,063	14,739
BOSTON SCIENTIFIC CO	17,297	15,243
BROADCOM INC	13,163	20,404
CITIGROUP INC.	15,926	14,165
CONOCOPHILLIPS	10,915	23,710
COSTCO WHOLESALE CO	15,447	23,964
DUPONT DE NEMOURS INC	11,642	12,172
EOG RESOURCES INC.	13,823	19,990
FMC CORP	11,244	12,841
HONEYWELL INTL INC	16,077	15,643
HUMANA INC.	16,091	21,063
JACOBS ENGINEERING	10,276	13,857
KEYSIGHT TECH INC.	9,181	13,096
LAM RESEARCH CORP	10,532	13,637
LENNAR CORP	13,235	12,985
LKQ CORP	10,249	15,365
L3HARRIS TECHNOLOGIES	16,993	19,094
MASTERCARD INC.	26,554	24,607
MERCK & CO INC.	26,331	29,904
MICROSOFT CORP	66,806	88,606
MORGAN STANLEY	12,569	17,190
NEXTERA ENERGY INC	13,441	15,260
NORTHROP GRUMMAN CO	16,762	22,971
PHILIP MORRIS INTL	17,708	19,551
QUANTA SERVICES INC.	6,345	21,433
SEMPRA ENERGY	13,081	13,074
SVB FINL GROUP	7,602	11,455
SYNCHRONY FINL	15,318	12,843
T-MOBILE US INC.	11,800	17,087
THERMO FISHER SCNTFC	15,816	25,534
VERTEX PHARMACEUTICAL	14,228	16,344
VISA INC.	26,687	24,808
WALMART INC	13,231	13,496
WALT DISNEY	20,931	13,971
EQUINIX INC.	12,913	13,797
ALPHABET INC. CLASS C	19,785	28,437
ARTHUR J GALLAGER & CO	19,140	22,174
BECTON DICKINSON & CO	19,566	19,229
INCYTE CORP	15,886	14,054
SERVICE NOW	8,816	9,035
STARBUCKS CORP	21,079	14,361
TESLA INC	11,775	9,428
BOOKING HOLDINGS INC	22,167	15,741
CAESARS ENTMT INC	21,334	10,341
DELTA AIR LINES INC	15,945	11,385
ELECTRONIC ARTS INC.	16,729	14,963
FIDELITY NATL INFO	17,308	13,201
JP MORGAN CHASE & CO	30,515	22,972
META PLATFORMS INC.	6,632	7,901
NETFLIX INC	14,302	4,896
PIONEER NATURAL RES	17,259	17,400
RINGCENTRAL INC	10,442	1,986
AMAZON COM INC.	88,888	106,210
MCDONALDS CORP	64,111	81,717
COSTCO WHOLESALE CORP	73,664	116,944
BERKSHIRE HATHAWAY INC	56,566	69,893
CAPITAL ONE FINANCIAL	50,555	54,387
JP MORGAN CHASE & CO	68,391	59,345
MORGAN STANLEY	61,106	95,075
DANAHER CORP	40,492	76,056
JOHNSON & JOHNSON COM	42,757	57,513
UNITED HEALTH GROUP	63,946	128,408
DEERE & CO COM	35,662	59,894
APPLE INC	84,341	177,736
CISCO SYSTEMS INC.	68,056	60,165
MICROSOFT CORP	58,090	102,732
NVIDIA CORP	25,893	75,795
STEEL DYNAMICS INC.	36,683	76,999

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

THE DAVID & PHYLLIS MURPHY CHARITABLE

FOUNDATION

EIN:

42-1477942

US Government Securities - End of Year Book Value:

813,706

US Government Securities - End of Year Fair Market Value:

766,723

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

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

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

THE DAVID & PHYLLIS MURPHY CHARITABLE

FOUNDATION

EIN:

42-1477942

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
PROLOGIS INC.	AT COST	7,340	15,059
ISHARES RUSSELL 2000	AT COST	185,404	217,120
VANGUARD FTSE DEVELOPED	AT COST	188,111	184,946
JP MORGAN EXCHANGE TRADED	AT COST	180,119	177,819
FEDERATED HERMES TOTAL RET BOND INSL	AT COST	1,350,000	1,166,909
PGIM HIGH YIELD	AT COST	450,000	371,582
PGIM STRATEGIC BOND	AT COST	450,000	374,749
PIMCO FDS INCOME FD	AT COST	538,000	472,625
PRUDENTIAL TOTAL RETURN BD FD	AT COST	1,350,000	1,135,996
T ROWE PRICE BLUE CHIP GROWTH FUND	AT COST	200,000	120,260
VANGUARD EQUITY INCOME FUND	AT COST	250,000	230,534
VANGUARD MID CAP INDEX ADMIRAL	AT COST	180,000	147,997
COHEN & STEERS PREF SEC	AT COST	360,000	298,222
ISHARE DOW JONES BASIC MATERIALS	AT COST	26,095	23,546
ISHARE DOW JONES CONSUMER DISCRETIONARY	AT COST	65,017	46,811
ISHARE DOW JONES ENERGY	AT COST	25,551	36,214
ISHARE DOW JONES FINANCIAL SECTOR	AT COST	75,837	64,732
ISHARE DOW JONES HEALTHCARE	AT COST	64,083	60,507
ISHARE DOW JONES INDUSTRIAL	AT COST	56,309	44,065
ISHARE DOW JONES TECH	AT COST	100,328	77,951
ISHARE DOW JONES UTILITIES	AT COST	26,536	27,820
ISHARE US CONSUMER STAPLES	AT COST	32,060	34,116
ISHARE DOW JONES TELECOM	AT COST	25,185	18,848
VANGUARD EMERGING MKTS STOCK IDX	AT COST	135,000	110,297
VANGUARD TAX MANAGED INTL FD	AT COST	510,993	485,357
PROLOGIS INC COM	AT COST	110,457	148,827

- TIN:

TY 2021 LegalFeesSchedule

Name:

THE DAVID & PHYLLIS MURPHY CHARITABLE

FOUNDATION

EIN:

42-1477942

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	2,186	1,640		546

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

THE DAVID & PHYLLIS MURPHY CHARITABLE

FOUNDATION

EIN:

42-1477942

Description	Amount
FMV IN EXCESS OF COST BASIS ON CONTRIBUTED SECURITIES	2,881,489

- TIN:

TY 2021 OtherExpensesSchedule

Name:

THE DAVID & PHYLLIS MURPHY CHARITABLE

FOUNDATION

EIN:

42-1477942

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MISC EXPENSE	17	17		0

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

THE DAVID & PHYLLIS MURPHY CHARITABLE

FOUNDATION

EIN:

42-1477942

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TRUSTEE FEES	47,692	47,692		0