Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 08-01-2021 , and ending 07-31-2022
Name of foundation
ARTHUR F PAPE EDUCATIONAL FUND TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)908 BROADWAY P O BOX 150
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MARYSVILLE, KS66508
A Employer identification number

48-0941171
B Telephone number (see instructions)

(785) 562-2344
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$831,101J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 10,368 10,368 10,368
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 26,552
b Gross sales price for all assets on line 6a 144,388
7 Capital gain net income (from Part IV, line 2)... 26,552
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment 8,540 8,540 8,540
12 Total. Add lines 1 through 11........ 45,460 45,460 18,908
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,028 7,507 7,507 22,521
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... Click to see attachment 447 112 112 335
c Other professional fees (attach schedule).... 0      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 890 0 0 0
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 0      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 31,365 7,619 7,619 22,856
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 31,365 7,619 7,619 22,856
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 14,095
b Net investment income (if negative, enter -0-) 37,841
c Adjusted net income (if negative, enter -0-)... 11,289
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......... 62,813 27,526 27,526
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet   390,459 407,867 407,867
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 bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 337,025 Click to see attachment369,001 395,708
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 790,297 804,394 831,101
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) 0 0
23 Total liabilities (add lines 17 through 22).........   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........ 546,679 573,231
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 243,618 231,163
29 Total net assets or fund balances (see instructions)..... 790,297 804,394
30 Total liabilities and net assets/fund balances (see instructions). 790,297 804,394
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
790,297
2
Enter amount from Part I, line 27a .....................
2
14,095
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2
4
Add lines 1, 2, and 3 ..........................
4
804,394
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
804,394
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 7.33 T ROWE PRICE NEW HORIZONS P 2021-04-21 2021-09-24
b 83.452 FEDERATED ULTRASHORT BOND FUND P 2021-03-03 2022-01-11
c 3.097 ISHARES MSCI ACWI EX US ETF P 2022-01-11 2022-05-06
d 7.016 ISHARES MSCI DEVELOPED MKT ETF P 2022-01-19 2022-05-06
e 25.5 ISHARES MSCI EMERGING MARKETS INDEX ETF P 2022-01-19 2022-05-06
.387 ISHARES RUSSELL 1000 INDEX ETF P 2022-01-11 2022-05-06
74.445 ISHARES MSCI ACWI EX US ETF P 2022-01-11 2022-05-11
14.89 ISHARES RUSSELL 3000 ETF P 2022-01-11 2022-05-11
45.188 GUGGENHEIM TOTAL RETURN BOND P 2018-03-07 2021-09-23
116.873 VANGUARD TOTAL BOND MARKET INDEX P 2020-04-23 2021-09-23
8.254 INVESCO OPPENHEIMER INTL SMALL MID P 2016-03-15 2021-09-23
30.603 JPMORGAN EQUITY INCOME P 2019-12-04 2021-09-23
8.531 VANGUARD GROWTH INDEX ETF P 2019-02-04 2021-09-24
12.553 VANGUARD VALUE INDEX ETF P 2019-02-04 2021-09-24
.761 VANGUARD MID-CAP GROWTH INDEX ETF P 2019-04-03 2021-09-24
5.029 T ROWE PRICE BLUE CHIP GROWTH P 2019-12-04 2021-09-24
40.102 T ROWE PRICE BLUE CHIP GROWTH P 2019-12-04 2022-01-10
32.017 VANGUARD FTSE DEVELOPED MARKETS ETF P 2019-04-03 2022-01-11
15.737 VANGUARD FTSE EMERGING MARKETS ETF P 2019-04-03 2022-01-11
10.605 VANGUARD GROWTH INDEX ETF P 2019-02-04 2022-01-11
62.699 VANGUARD VALUE INDEX ETF P 2019-02-04 2022-01-11
2.202 VANGUARD MID CAP GROWTH INDEX P 2019-04-03 2022-01-11
22.147 VANGUARD MID CAP VALUE INDEX P 2019-04-03 2022-01-11
19.327 GUGGENHEIM TOTAL RETURN BOND P 2018-03-07 2022-01-11
27.425 VANGUARD SHORT-TERM BOND INDEX P 2020-06-17 2022-01-11
57.409 VANGUARD TOTAL BOND MARKET INDEX P 2020-04-23 2022-01-11
110.063 CAUSEWAY INTL VALUE P 2017-05-19 2022-01-11
66.793 HARDING LOEVNER INTL EQUITY P 2017-05-19 2022-01-11
140.904 JPMORGAN EQUITY INCOME P 2019-12-04 2022-01-11
32.758 AMERICAN CENTURY MID CAP VALUE P 2019-12-04 2022-01-11
87.46 COHEN & STEERS R/E SEC FUND P 2017-09-27 2022-01-11
150.677 DEAN SMALL CAP VALUE FUND P 2020-04-23 2022-01-11
9.547 FULLER & THALER BEHAVIORAL SMALL CAP P 2017-12-01 2022-01-11
4.214 VANGUARD SMALL CAP INDEX FUND P 2020-04-24 2022-01-11
671.858 HARDING LOEVNER INTL EQUITY P 2017-05-19 2022-01-18
653.816 TOUCHSTONE SANDS CAPITAL E/M GROWTH P 2017-05-19 2022-01-18
1.71 VANUGARD FTSE DEVELOPED MARKETS ETF P 2019-04-03 2022-01-19
3.441 VANGUARD FTSE EMERGING MARKETS ETF P 2019-04-03 2022-01-19
20.744 CAUSEWAY INTL VALUE P 2017-05-19 2022-01-19
21.171 T ROWE PRICE BLUE CHIP GROWTH P 2019-12-04 2022-02-15
1.61 VANGUARD VALUE INDEX ETF P 2019-02-04 2022-03-10
33.498 FEDERATED ULTRASHORT BOND FUND P 2021-03-03 2022-03-10
6.248 VANGUARD INLATION PROTECTED BOND FUND P 2020-11-05 2022-03-10
9.5790 VANGARD SHORT-TERM BOND INDEX P 2020-06-17 2022-03-10
12.159 VANGUARD TOTAL BOND MARKET INDEX P 2020-04-23 2022-03-10
11.286 AMERICAN CENTURY MID-CAP VALUE P 2019-12-04 2022-03-10
17.173 DEAN SMALL CAP VALUE P 2020-04-23 2022-03-10
24.051 T ROWE PRICE BLUE CHIP GROWTH P 2019-12-04 2022-04-27
162.644 T ROWE PRICE NEW HORIZONS P 2021-04-21 2022-04-27
20.331 VANGUARD FTSE DEVELOPED MARKETS ETF P 2019-04-03 2022-05-06
20.217 VANGUARD FTSE EMERGING MARKETS ETF P 2019-04-03 2022-05-06
9.696 VANGUARD VALUE INDEX ETF P 2019-02-04 2022-05-06
4.78 VANGUARD MID-CAP VALUE INDEX P 2019-04-03 2022-05-06
22.387 FEDERATED ULTRASHORT BOND FUND P 2021-03-03 2022-05-06
6.512 INVESCO OPPENHEIMER INTL SMALL MID P 2016-03-15 2022-05-06
27.234 JPMORGAN EQUITY INCOME P 2019-12-04 2022-05-06
19.725 AMERICAN CENTURY MID CAP VALUE P 2019-12-04 2022-05-06
13.248 DEAN SMALL CAP VALUE P 2020-04-23 2022-05-06
4.538 FULLER & THALER BEHAVIORAL SMALL CAP P 2017-12-01 2022-05-06
59.806 T ROWE PRICE NEW HORIZON P 2021-04-21 2022-05-11
32.023 VANGUARD VALUE INDEX ETF P 2019-02-04 2022-07-22
4.748 VANGUARD MID CAP GROWTH INDEX ETF P 2019-04-03 2022-07-22
6.355 TOUCHSTONE SANDS CAPITAL E/M GROWTH P 2017-05-19 2022-07-22
121.654 JPMORGAN EQUITY INCOME P 2019-12-04 2022-07-22
142.99 COHEN & STEERS R/E SEC FUND P 2017-09-27 2022-07-22
225.109 DEAN SMALL CAP VALUE P 2020-04-23 2022-07-22
30.717 FULLER & THALER BEHAVIORAL SMALL CAP P 2017-12-01 2022-07-22
14.858 VANGUARD SMALL CAP INDEX FUND P 2020-04-24 2022-07-22
176.763 WASATCH MICRO CAP - INV P 2020-04-23 2022-07-22
LONG TERM CAPITAL GAIN DISTR. P 2020-01-01 2021-12-31
(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 722 0 627 95
b 764 0 770 -6
c 147 0 171 -24
d 406 0 461 -55
e 1,042 0 1,235 -193
87 0 98 -11
3,454 0 4,115 -661
3,380 0 4,051 -671
1,320 0 1,280 40
1,325 0 1,352 -27
537 0 344 193
702 0 575 127
2,585 0 1,429 1,156
1,732 0 1,358 374
188 0 132 56
993 0 641 352
6,706 0 5,111 1,595
1,637 0 1,324 313
793 0 691 102
3,251 0 1,777 1,474
9,386 0 6,783 2,603
524 0 383 141
3,356 0 2,366 990
545 0 548 -3
289 0 298 -9
633 0 664 -31
2,001 0 1,621 380
1,992 0 1,497 495
3,423 0 2,647 776
605 0 558 47
1,848 0 1,443 405
2,786 0 1,464 1,322
359 0 241 118
449 0 263 186
19,538 0 15,058 4,480
11,886 0 9,626 2,260
87 0 71 16
173 0 151 22
376 0 306 70
3,302 0 2,765 537
229 0 175 54
305 0 309 -4
177 0 176 1
99 0 104 -5
129 0 141 -12
200 0 192 8
309 0 169 140
3,211 0 3,150 61
8,880 0 13,015 -4,135
889 0 848 41
846 0 887 -41
1,373 0 1,051 322
681 0 512 169
202 0 207 -5
263 0 282 -19
625 0 512 113
334 0 336 -2
231 0 131 100
152 0 117 35
2,762 0 4,786 -2,024
4,278 0 3,471 807
884 0 892 -8
85 0 92 -7
2,681 0 2,289 392
2,538 0 2,372 166
4,047 0 2,222 1,825
1,036 0 791 245
1,328 0 953 375
1,133 0 1,357 -224
9,150 0 0 9,150
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 0 0 0 95
b 0 0 0 -6
c 0 0 0 -24
d 0 0 0 -55
e 0 0 0 -193
0 0 0 -11
0 0 0 -661
0 0 0 -671
0 0 0 40
0 0 0 -27
0 0 0 193
0 0 0 127
0 0 0 1,156
0 0 0 374
0 0 0 56
0 0 0 352
0 0 0 1,595
0 0 0 313
0 0 0 102
0 0 0 1,474
0 0 0 2,603
0 0 0 141
0 0 0 990
0 0 0 -3
0 0 0 -9
0 0 0 -31
0 0 0 380
0 0 0 495
0 0 0 776
0 0 0 47
0 0 0 405
0 0 0 1,322
0 0 0 118
0 0 0 186
0 0 0 4,480
0 0 0 2,260
0 0 0 16
0 0 0 22
0 0 0 70
0 0 0 537
0 0 0 54
0 0 0 -4
0 0 0 1
0 0 0 -5
0 0 0 -12
0 0 0 8
0 0 0 140
0 0 0 61
0 0 0 -4,135
0 0 0 41
0 0 0 -41
0 0 0 322
0 0 0 169
0 0 0 -5
0 0 0 -19
0 0 0 113
0 0 0 -2
0 0 0 100
0 0 0 35
0 0 0 -2,024
0 0 0 807
0 0 0 -8
0 0 0 -7
0 0 0 392
0 0 0 166
0 0 0 1,825
0 0 0 245
0 0 0 375
0 0 0 -224
0 0 0 9,150
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 26,552
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 -1,526
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........................... 3 526
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- ..... 5 526
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 520
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 520 7 520
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 6
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet0 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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)
    bulletKS
    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 ofbulletTHE TRUST COMPANY Telephone no.bullet (785) 562-2344

    Located atbullet908 BROADWAYMARYSVILLEKS ZIP+4bullet665080150
    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
    Yes
     
    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
    THE TRUST COMPANY TRUSTEE
    15.00     		30,029 0 0
    908 BROADWAY
    MARYSVILLE,KS66508
    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 TRUST MADE 46 NEW STUDENT LOANS THIS YEARS 92,000
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet92,000
    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
    402,372
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    391,490
    d
    Total (add lines 1a, b, and c).........................
    1d
    793,862
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    793,862
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    11,908
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    781,954
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    39,098
    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
    39,098
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    526
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    526
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    38,572
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    65,448
    5
    Add lines 3 and 4............................
    5
    104,020
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    104,020
    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 7 104,020
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 53,076
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 0
    b From 2017...... 0
    c From 2018...... 0
    d From 2019...... 0
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 114,856
    a Applied to 2020, but not more than line 2a 53,076
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 61,780
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		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......     		 
    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 ..........     		42,240
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		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.... 0
    b Excess from 2018.... 0
    c Excess from 2019.... 0
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE TRUST COMPANY
    908 BROADWAY P O BOX 150
    MARYSVILLE,KS66508
    (785) 562-2344
    bThe form in which applications should be submitted and information and materials they should include:
    SEE APPLICATION FORM ATTACHED.
    cAny submission deadlines:
    JULY 1ST OF EACH YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    MUST BE A GRADUATE OF A MARSHALL COUNTY, KS HIGH SCHOOL WHO WILL ATTEND A TRADE SCHOOL, 2 YR COLLEGE OR A 4 YR COLLEGE.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 26,552  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSTUDENT LOAN INT     		    14 8,540  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   45,460  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    45,460
    (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:  
    Part VI Line 7 - Tax Paid with the Original Return: 520


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    ARTHUR F PAPE EDUCATIONAL FUND TRUST
    EIN:
    48-0941171
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MASON TAX AND ACCOUNTING TAX PREPARATION 447 112 112 335

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    ARTHUR F PAPE EDUCATIONAL FUND TRUST
    EIN:
    48-0941171
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    STOCK SALES   Purchased   VARIOUS 144,388 117,836 Cost   26,552  

    TY 2021 InvestmentsOtherSchedule2
    Name:
    ARTHUR F PAPE EDUCATIONAL FUND TRUST
    EIN:
    48-0941171
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    754.629 VANGUARD FTSE DEVELOPED MARKETS ETF   31,468 32,419
    322.701 VANGUARD FTSE EMERGING MARKETS ETF   13,993 13,334
    437.373 ISHARES MSCI DEVELOPED MKT ETF   27,695 24,782
    409.744 ISHARES MSCI EMERGING MARKETS INDEX ETF   19,152 16,373
    1039.555 CAUSEWAY INTL VALUE   15,313 16,040
    613.637 HARDING LOEVNER INTL EQUITY   12,928 14,868
    252.843 INVESCO OPPENHEIMER INTL SMALL MID   10,843 10,693
    1017.719 TOUCHSTONE SANDS CAPITAL E/M GROWTH   13,274 13,882
    33.271 INVESCO S&P 500 EQUAL WEIGHT ETF   5,000 4,852
    55.413 ISHARES RUSSELL 1000 INDEX ETF   13,655 12,580
    1.114 INVESCO QQQTRUST (NASDAQ 100 INDEX)ETF   369 351
    172.849 VANGUARD GROWTH INDEX ETF   34,040 43,551
    9.694 SCHWAB US DIVIDEND EQUITY ETF   738 722
    6.777 VANGUARD HIGH DIVIDEND YIELD ETF   738 721
    295.729 VANGUARD VALUE INDEX ETF   32,056 40,973
    111.277 VANGUARD MID-CAP GROWTH INDEX ETF   20,898 21,810
    157.632 VANGUARD MID-CAP VALUE INDEX ETF   17,490 21,969
    5.83 ISHARES MSCI USA QUALITY FACTOR ETF   738 711
    751.503 JPMORGAN EQUITY INCOME INSTL   14,138 17,052
    1145.617 AMERICAN CENTURY MID-CAP VALUE   19,501 18,834
    606.776 COHEN & STEERS R/E SEC FUND   9,978 11,250
    593.44 DEAN SMALL CAP VALUE   5,859 11,002
    87.653 FULLER & THALER BEHAVIORAL SMALL CAP   2,257 3,072
    47.131 VANGUARD SMALL CAP INDEX FUND   3,023 4,398
    520.17 WASATCH MICRO CAP - INV   3,993 3,360
    204.819 FEDERATED HIGH YIELD BOND   1,991 1,796
    893.581 FEDERATED ULTRASHORT BOND FUND   8,244 8,033
    376.215 GUGGENHIM TOTAL RETURN BOND-INTL   10,616 9,420
    84.008 VANGUARD EMERGING MARKETS BOND   2,291 1,840
    70.154 VANGUARD INFLATION PROTECTED BOND-ADM   1,963 1,832
    357.113 VANGUARD SHORT TERM BOND INDEX   3,879 3,625
    944.916 VANGUARD TOTAL BONDF MARKET INDEX   10,880 9,563

    TY 2021 OtherIncomeSchedule2
    Name:
    ARTHUR F PAPE EDUCATIONAL FUND TRUST
    EIN:
    48-0941171
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    STUDENT LOAN INTEREST 8,540 8,540 8,540


    TY 2021 OtherIncreasesSchedule
    Name:
    ARTHUR F PAPE EDUCATIONAL FUND TRUST
    EIN:
    48-0941171
    Description Amount
    ROUNDING ADJUSTMENT 2


    TY 2021 TaxesSchedule
    Name:
    ARTHUR F PAPE EDUCATIONAL FUND TRUST
    EIN:
    48-0941171
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FORM 990-PF EST 520 0 0 0
    FORM 990-PF TAX 370 0 0 0