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 07-01-2021 , and ending 06-30-2022
Name of foundation
WHATLEY CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)116 ALLEGHENY CENTER MALL P8YB3502L
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15212
A Employer identification number

72-6185747
B Telephone number (see instructions)

(713) 831-5622
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$762,118J 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... 15,425 14,507  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 16,556
b Gross sales price for all assets on line 6a 19,628
7 Capital gain net income (from Part IV, line 2)... 16,556
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).....    
11 Other income (attach schedule)....... Click to see attachment 1,044    
12 Total. Add lines 1 through 11........ 33,025 31,063  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,308 9,846   2,462
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,465 199   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 647 647    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 14,420 10,692 0 2,462
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 14,420 10,692 0 2,462
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 18,605
b Net investment income (if negative, enter -0-) 20,371
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............   -216 -216
2 Savings and temporary cash investments......... 14,034 35,857 35,857
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
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)....... 408,792 Click to see attachment212,982 298,477
c Investments—corporate bonds (attach schedule)....... 196,531    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment387,576 428,000
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 619,357 636,199 762,118
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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........ 619,357 636,199
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 619,357 636,199
30 Total liabilities and net assets/fund balances (see instructions). 619,357 636,199
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
619,357
2
Enter amount from Part I, line 27a .....................
2
18,605
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
269
4
Add lines 1, 2, and 3 ..........................
4
638,231
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,032
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
636,199
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 1. BANK OF NEW YORK MELLON CORPORATION SECURITIES   2001-01-01 2021-11-23
b 50. CERNER CORP     2022-06-09
c CAPITAL GAIN DIVIDENDS P    
d CAPITAL GAIN DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2     2
b 4,750   3,072 1,678
c       14,876
d       14,876
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       2
b       1,678
c        
d        
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 16,556
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 283
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- ..... 5 283
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,044
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,044
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 761
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet284 RefundedBullet 11 477
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)
    bulletAL
    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 ofbulletPNC BANK NA Telephone no.bullet (713) 831-5622

    Located atbullet116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4bullet15212
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PNC BANK NA TRUSTEE
    5     		12,308    
    116 ALLEGHENY CENTER MALL
    PITTSBURGH,PA15212
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    877,440
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    877,440
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    877,440
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    13,162
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    864,278
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    43,214
    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
    43,214
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    283
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    283
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    42,931
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    42,931
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    42,931
    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 42,931
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 6,368
    b From 2017...... 4,076
    c From 2018...... 4,229
    d From 2019...... 0
    e From 2020...... 14,952
    f Total of lines 3a through e ........ 29,625
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,462
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 2,462
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 29,625 29,625
    (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 ..........     		10,844
    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.... 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:
    PNC BANK NA - VALENCIA LINTON
    2200 POST OAK BLVD
    HOUSTON,TX77056
    (713) 831-5622
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER DESCRIBING PROJECT, OTHER SOURCE FINDINGS, PROOF OF EXEMPTION, CURRENT FINANCIAL DATA, AND REQUESTED AMOUNT.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES EXCLUDING POLITICAL PER REGS IRC SEC 501 (C) (3) AND 170 (C) (2)
    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  
    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 16,556  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    11 1,044  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   33,025  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    33,025
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    WHATLEY CHARITABLE TRUST
    EIN:
    72-6185747
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VANGUARD S-T BOND INDEX-ADM    
    VANGUARD TOT BD MKT IDX-ADM    
    VIRTUS SEIX FLT RT HI INC-I    

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    WHATLEY CHARITABLE TRUST
    EIN:
    72-6185747
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MICROSOFT CORPORATION    
    VANGUARD GROWTH INDEX    
    VANGUARD VALUE INDEX    
    CERNER CORP    
    SCHLUMBERGER LIMITED    
    AMAZON COM INC    
    BORGWARNER INC    
    ORACLE CORP    
    PRINCIPAL MIDCAP FUND    
    ISHARES RUSSELL 2000 GROWTH    
    QUALCOMM INC    
    ABBOTT LABORATORIES    
    CISCO SYSTEMS INC    
    VISA INC    
    ISHARES COHEN & STEERS REIT    
    VANGUARD FTSE EMERGING MARKETS    
    FACEBOOK INC    
    ALIBABA GROUP HLDG    
    YUM! BRANDS INC    
    NOVARTIS AG    
    AUTODESK INC    
    FACTSET RESEARCH SYSTEMS INC    
    HANESBRANDS INC    
    SEI INVESTMENTS INC    
    EXPEDITORS INTL OF WASHINGTON    
    PARKER HANNIFIN CORP    
    COMCAST CORP SPL A    
    KIMBERLY-CLARK CORPORATION    
    MONSTER BEVERAGE CORP    
    MEDTRONIC PLC    
    PFIZER INC    
    ALPHABET INC CLASS C    
    ALPHABET INC CLASS A    
    CHARTER COMMUNICATIONS INC    
    MARSH & MCLENNAN COMPANIES INC    
    METLIFE INC    
    MORGAN STANLEY    
    VIRTUS QUALITY SMALL CAP FUND    
    DEERE & CO    
    HARTFORD FINANCIAL SERVICES GR    
    HONEYWELL INTERNATIONAL INC    
    PEPSICO INC    
    REGENERON PHARMACEUTICALS    
    YUM CHINA HOLDING INC    
    BERKSHIRE HATHAWAY INC    
    FIRST REPUBLIC BANK    
    GILEAD SCIENCES INC    
    TEXAS INSTRUMENTS INC    
    AMERICAN INTERNATIONAL GROUP,    
    COLGATE PALMOLIVE COMPANY    
    GENERAL MOTORS CO    
    JPMORGAN CHASE & CO    
    NVIDIA CORP    
    NVR INC    
    PROCTER & GAMBLE COMPANY    
    STARBUCKS CORP    
    LINDE PUBLIC LIMITED COMPANY    
    INV OPP STEELPATH MLP FUND    
    ARCHER-DANIELS-MIDLAND CO    
    BOEING CO/THE    
    BOOKING HOLDINGS INC    
    CARRIER GLOBAL CORP    
    CHARLES SCHWAB CORP/THE    
    CHEVRON CORP    
    FIDELITY NATIONAL INFORMATION    
    HUMUNA INC    
    ILLUMINA INC    
    INTUITIVE SURGICAL INC    
    KKR & CO INC    
    MONDELEZ INTERNATIONAL INC    
    O'REILLY AUTOMOTIVE INC    
    SALESFORCE.COM INC    
    SHERWIN-WILLIAMS CO/THE    
    VF CORP    
    WORKDAY INC    
    LAZARD INTERNATIONAL EQUITY PO    
    ROCHE HOLDING AG    
    PUBLIC STORAGE    
    ABBVIE INC    
    BANK OF AMERICA CORP    
    CATEPILLAR INC    
    COGNIZANT TECHNOLOGY SOLUTIONS    
    DOMINION RESOURCES INC/VA    
    L3HARRIS TECHNOLOGIES INC    
    TRUIST FINANCIAL CORP    
    VERIZON COMMUNICATIONS    
    WALT DISNEY CO/THE    
    WEYERHAEUSER CO    
    002824100 ABBOTT LABORATORIES 3,848 4,672
    00287Y109 ABBVIE INC 1,584 2,297
    01609W102 ALIBABA GROUP HOLDIN 2,720 4,092
    02079K107 ALPHABET INC/CA-CL C 619 4,375
    02079K305 ALPHABET INC/CA-CL A 1,372 4,359
    023135106 AMAZON COM INC 1,843 6,373
    026874784 AMERICAN INTERNATION 6,300 10,073
    039483102 ARCHER DANIELS MIDLA 1,552 3,570
    052769106 AUTODESK INC 1,556 4,987
    060505104 BANK OF AMERICA CORP 4,212 4,576
    084670702 BERKSHIRE HATHAWAY I 5,176 6,826
    097023105 BOEING CO 6,665 4,375
    09857L108 BOOKING HOLDINGS INC 3,606 3,498
    099724106 BORG WARNER INC. 1,470 2,269
    14448C104 CARRIER GLOBAL CORP 1,406 2,211
    149123101 CATERPILLAR INC 3,243 3,039
    16119P108 CHARTER COMMUNICATIO 1,572 3,280
    166764100 CHEVRON CORPORATION 2,107 3,909
    17275R102 CISCO SYSTEMS INC 1,734 2,473
    192446102 COGNIZANT TECHNOLOGY 3,666 3,240
    194162103 COLGATE-PALMOLIVE CO 2,147 2,725
    20030N101 COMCAST CORPORATION 2,110 2,668
    244199105 DEERE & CO 2,483 8,385
    254687106 DISNEY WALT CO 8,037 5,947
    25746U109 DOMINION ENERGY INC 3,126 3,113
    302130109 EXPEDITORS INTERNATI 2,592 3,801
    30303M102 META PLATFORMS INC 4,845 6,450
    303075105 FACTSET RESH SYS INC 638 1,923
    31620M106 FIDELITY NATIONAL IN 1,369 2,200
    33616C100 FIRST REPUBLIC BANK/ 2,442 3,749
    37045V100 GENERAL MOTORS CO 3,661 3,652
    375558103 GILEAD SCIENCES INC 3,093 2,472
    410345102 HANESBRANDS INC - W/ 2,990 2,130
    416515104 HARTFORD FINL SVCS G 4,416 5,758
    438516106 HONEYWELL INTL INC 1,666 1,564
    444859102 HUMANA INC 3,384 5,149
    452327109 ILLUMINA INC 2,202 1,106
    46120E602 INTUITIVE SURGICAL I 1,772 1,806
    46625H100 JPMORGAN CHASE & CO 599 1,239
    48251W104 KKR & CO INC CLASS A 2,391 3,611
    494368103 KIMBERLY-CLARK CORP 3,220 3,244
    502431109 L3 HARRIS TECHNOLOGI 1,612 2,175
    571748102 MARSH & MCLENNAN COM 781 1,863
    59156R108 METLIFE INC. 1,567 2,135
    594918104 MICROSOFT CORP 1,085 6,164
    609207105 MONDELEZ INTERNATION 4,622 5,712
    61174X109 MONSTER BEVERAGE COR 2,723 6,582
    617446448 MORGAN STANLEY 1,697 2,814
    62944T105 NVR INC 2,796 4,004
    66987V109 NOVARTIS AG SPONSORE 4,653 4,903
    67066G104 NVIDIA CORP 2,518 8,489
    67103H107 O REILLY AUTOMOTIVE 1,559 2,527
    68389X105 ORACLE CORP 4,434 6,917
    701094104 PARKER HANNIFIN CORP 1,122 2,461
    713448108 PEPSICO INC 3,111 4,167
    717081103 PFIZER INC 3,782 5,925
    742718109 PROCTER & GAMBLE CO 4,566 6,039
    74460D109 PUBLIC STORAGE REITS 1,888 3,127
    747525103 QUALCOMM 1,300 3,194
    75886F107 REGENERON PHARMACEUT 3,936 6,502
    771195104 ROCHE HOLDING LTD SP 4,541 4,588
    784117103 SEI INVESTMENT CO 888 1,296
    79466L302 SALESFORCE INC 4,755 4,126
    806857108 SCHLUMBERGER LTD SED 4,358 2,146
    808513105 SCHWAB CHARLES CORP 2,352 4,296
    824348106 SHERWIN-WILLIAMS CO 1,729 2,015
    855244109 STARBUCKS CORP 4,044 3,361
    882508104 TEXAS INSTRUMENTS IN 1,431 2,151
    89832Q109 TRUIST FINANCIAL COR 1,895 2,087
    918204108 V-F CORP 2,985 1,988
    92343V104 VERIZON COMMUNICATIO 3,091 2,690
    92826C839 VISA INC CLASS A SHA 3,807 8,269
    962166104 WEYERHAEUSER CO 1,506 1,755
    98138H101 WORKDAY INC CL A 1,861 1,396
    988498101 YUM! BRANDS INC 764 1,703
    98850P109 YUM CHINA HOLDINGS I 1,085 1,989
    G5494J103 LINDE PLC SEDOL BZ12 1,839 4,888
    G5960L103 MEDTRONIC PLC SEDOL 4,865 4,847

    TY 2021 InvestmentsOtherSchedule2
    Name:
    WHATLEY CHARITABLE TRUST
    EIN:
    72-6185747
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    00143K251 INVESCO STEELPATH ML AT COST 16,176 20,360
    464287564 ISHARES COHEN & STEE AT COST 16,650 21,999
    464287648 ISHARES RUSSELL 2000 AT COST 12,873 18,155
    52106N400 LAZARD FUNDS INC INT AT COST 37,220 43,827
    74256W584 PRINCIPAL MIDCAP FUN AT COST 55,900 76,296
    921937603 VANGUARD TOTAL BD MK AT COST 74,854 67,441
    921937702 VANGUARD SHORT TERM AT COST 102,429 97,484
    922042858 VANGUARD FTSE EMERGI AT COST 24,746 28,322
    922908660 VANGUARD GROWTH INDX AT COST 652 1,392
    922908678 VANGUARD VALUE INDEX AT COST 2,243 2,711
    92828N411 VIRTUS KAR SM/CAP VA AT COST 24,585 33,262
    92837F755 VIRTUS SEIX FLOATING AT COST 19,248 16,751

    TY 2021 OtherDecreasesSchedule
    Name:
    WHATLEY CHARITABLE TRUST
    EIN:
    72-6185747
    Description Amount
    COST BASIS ADJUSTMENT 759
    PRIOR YEAR ROC ADJUSTMENT 933
    2021 TRANSACTION POSTED IN 2022 340


    TY 2021 OtherExpensesSchedule
    Name:
    WHATLEY CHARITABLE TRUST
    EIN:
    72-6185747
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MAP MANAGEMENT FEES 639 639   0
    ADR SERVICE FEES 8 8   0


    TY 2021 OtherIncomeSchedule2
    Name:
    WHATLEY CHARITABLE TRUST
    EIN:
    72-6185747
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 1,044 0  


    TY 2021 OtherIncreasesSchedule
    Name:
    WHATLEY CHARITABLE TRUST
    EIN:
    72-6185747
    Description Amount
    2020 TRANSACTION POSTED IN 2021 269


    TY 2021 TaxesSchedule
    Name:
    WHATLEY CHARITABLE TRUST
    EIN:
    72-6185747
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 132 132   0
    FEDERAL TAX PAYMENT - PRIOR YE 222 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,044 0   0
    FOREIGN TAXES ON QUALIFIED FOR 26 26   0
    FOREIGN TAXES ON NONQUALIFIED 41 41   0