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 01-01-2021 , and ending 12-31-2021
Name of foundation
VIRGINIA W KETTERING FOUNDATION XXXXX3003
 
Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

31-6570701
B Telephone number (see instructions)

(800) 496-2583
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$33,586,575J 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... 826,872 826,872  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,730,197
b Gross sales price for all assets on line 6a 8,056,403
7 Capital gain net income (from Part IV, line 2)... 1,730,197
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 17,413    
12 Total. Add lines 1 through 11........ 2,574,482 2,557,069  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 178,907 119,272   59,636
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 29,747 0 0 29,747
b Accounting fees (attach schedule)....... Click to see attachment 2,780 0 0 2,780
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 39,782 15,325   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 41,800     41,800
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 293,016 134,597 0 133,963
25 Contributions, gifts, grants paid....... 1,361,235 1,361,235
26 Total expenses and disbursements. Add lines 24 and 25 1,654,251 134,597 0 1,495,198
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 920,231
b Net investment income (if negative, enter -0-) 2,422,472
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............. 223,081 549,819 549,819
2 Savings and temporary cash investments......... 377,874 633,199 633,199
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)....... 10,964,590 Click to see attachment12,230,521 20,169,449
c Investments—corporate bonds (attach schedule)....... 8,880,434 Click to see attachment7,861,853 7,758,076
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,650,623 Click to see attachment2,754,023 4,476,032
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) 23,096,602 24,029,415 33,586,575
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........ 23,096,602 24,029,415
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)..... 23,096,602 24,029,415
30 Total liabilities and net assets/fund balances (see instructions). 23,096,602 24,029,415
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
23,096,602
2
Enter amount from Part I, line 27a .....................
2
920,231
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
27,997
4
Add lines 1, 2, and 3 ..........................
4
24,044,830
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
15,415
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,029,415
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 53677.932 PIMCO INV GRD CRD BND-INST   2018-09-07 2021-01-26
b 1005. SPDR TR UNIT SER 1   2014-04-21 2021-01-26
c 1125. ISHARES TR 20+ TREAS INDEX FD   2020-10-19 2021-02-11
d 1589. SPDR TR UNIT SER 1     2021-02-11
e . JPMORGAN BETABUILDERS JAPAN ETF     2021-04-15
. JPMORGAN BETABUILDERS CANADA     2021-04-15
42893.726 BLCKRCK HI YLD BND PORT-K   2020-03-30 2021-04-20
355. ISHARES TR 20+ TREAS INDEX FD   2020-10-19 2021-04-20
1102. ISHARES TR 20+ TREAS INDEX FD   2019-09-25 2021-04-20
2768. ISHARES TR 20+ TREAS INDEX FD   2019-09-25 2021-04-20
786. SPDR TR UNIT SER 1   2012-10-12 2021-04-20
456. SPDR TR UNIT SER 1   2012-10-12 2021-04-26
14006.515 SIX CIRCLES US UNCONSTR EQ   2021-02-11 2021-04-26
15278.839 ALLSPRING CORE BOND-R6   2018-02-28 2021-04-26
102056.657 BLCKRCK HI YLD BND PORT-K     2021-05-12
2400. ISHARES 3-7 YEAR TREASURY BO   2021-02-11 2021-07-22
3452. VANGUARD MORTGAGE-BACKED SEC   2020-10-29 2021-07-22
939. VANGUARD MORTGAGE-BACKED SEC   2020-10-29 2021-07-22
5600. ISHARES US TREASURY BOND ETF   2021-04-20 2021-07-26
9124.088 SIX CIRCLES US UNCONSTR EQ   2021-02-11 2021-07-27
2434. VANGUARD BD INDEX FD INC   2021-07-22 2021-08-26
7075. ISHARES CORE MSCI EMERGING   2020-10-19 2021-10-25
3500. ISHARES CORE MSCI EMERGING   2020-10-19 2021-10-25
2467. JPMORGAN BETABUILDERS JAPAN ETF     2021-10-25
. GRE II PRIVATE INVESTORS LLC 3% HOLDBACK   2019-12-31 2021-12-31
. CCMP III PRIVATE INVESTORS OFFSHORE, L.P. - CLASS A -   2019-12-31 2021-12-31
. STARWOOD SOF IX PRIVATE INVESTORS OFFSHORE L.P. CLASS A - NON-SELF   2019-12-31 2021-12-31
1. SILVER LAKE PARTNERS IV (SLP IV) PRIVATE INVESTORS, L.P. (OFFSHORE   2019-12-31 2021-12-31
. POLAR LONG/SHORT FUND CLASS B SHARES - NEW ISSUES INELIGIBLE   2019-12-31 2021-12-31
. GOLDENTREE OFFSHORE FUND, LTD. (NON-SELF DEALING FIDUCIARY   2019-12-31 2021-12-31
. DOLLAR SENIOR LOAN OFFSHORE FUND II, LTD. CLASS A SHARES (DISTRIBUTI   2019-12-31 2021-12-31
. COATUE OFFSHORE FUND, LTD. CLASS B SUB CLASS H-6 TRANCHE 6R - NEW   2019-12-31 2021-12-31
. GOLDENTREE OFFSHORE FUND, LTD SPF-R MGMT SERIES '581   2019-12-31 2021-12-31
. CONCORDIA G-10 FIXED INCOME RELATIVE VALUE, LTD. CLASS B - NEW ISSUE   2019-12-31 2021-12-31
. TACONIC OPPORTUNITY OFFSHORE FUND LTD. CLASS JPM-X SHARES - NEW ISSU   2019-12-31 2021-12-31
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 600,656   539,148 61,508
b 385,688   187,632 198,056
c 167,562   180,892 -13,330
d 620,805   284,033 336,772
e 29     29
30     30
335,000   282,670 52,330
49,569   57,081 -7,512
153,872   155,914 -2,042
386,177   391,624 -5,447
323,954   112,392 211,562
190,423   65,205 125,218
215,000   198,472 16,528
200,000   192,055 7,945
797,062   683,258 113,804
315,712   317,772 -2,060
184,647   186,857 -2,210
50,227   50,828 -601
150,079   147,928 2,151
150,000   129,288 20,712
199,788   200,440 -652
452,863   384,499 68,364
224,043   190,211 33,832
141,037   142,080 -1,043
33,767   1 33,766
293,662   304,592 -10,930
11,733   290 11,443
85,290   87,326 -2,036
319,462   270,000 49,462
71,708   13,743 57,965
1,317   1 1,316
145,500   29,973 115,527
6,162   1 6,161
280,164   270,000 10,164
297,840   270,000 27,840
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
      215,575
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       61,508
b       198,056
c       -13,330
d       336,772
e       29
      30
      52,330
      -7,512
      -2,042
      -5,447
      211,562
      125,218
      16,528
      7,945
      113,804
      -2,060
      -2,210
      -601
      2,151
      20,712
      -652
      68,364
      33,832
      -1,043
      33,766
      -10,930
      11,443
      -2,036
      49,462
      57,965
      1,316
      115,527
      6,161
      10,164
      27,840
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,730,197
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 33,672
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 33,672
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 23,742
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 28,224
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 51,966
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 27
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 18,267
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet18,267 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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
Yes
 
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)
    bulletOH
    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 .Click to see attachment
    8b
     
    No
    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 ofbulletJP MORGAN CHASE BANK N A Telephone no.bullet (800) 496-2583

    Located atbullet10 S DEARBORN IL1-0111CHICAGOIL ZIP+4bullet60603
    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
    JP MORGAN CHASE BANK NA TRUSTEE
    2     		178,907    
    10 S DEARBORN IL1-0111
    CHICAGO,IL60603
    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
    31,798,893
    b
    Average of monthly cash balances.......................
    1b
    464,111
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    32,263,004
    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
    32,263,004
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    483,945
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    31,779,059
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,588,953
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    1,588,953
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    33,672
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    33,672
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,555,281
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,555,281
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,555,281
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,555,281
    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...... 79,275
    b From 2017...... 36,213
    c From 2018...... 70,306
    d From 2019...... 83,387
    e From 2020...... 0
    f Total of lines 3a through e ........ 269,181
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,495,198
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 1,495,198
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 60,083 60,083
    (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 5 209,098
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		19,192
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		189,906
    10 Analysis of line 9:
    a Excess from 2017.... 36,213
    b Excess from 2018.... 70,306
    c Excess from 2019.... 83,387
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    KETTERING FAMILY PHILANTHROPIES
    40 N MAIN ST 1480
    DAYTON,OH45423
    (937) 228-1021
    info@ketteringfamilyphilanthropies.org
    bThe form in which applications should be submitted and information and materials they should include:
    access the wesbsite at: www.ketteringfamilyphilanthropies.org
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    HUMAN RACE THEATRE
    COMPANY
    126 NORTH MAIN STREET STE 300
    DAYTON,OH454021766     		NONE PC GENERAL 25,000
    K12 GALLERY FOR YOUNG PEOPLE
    510 E 3RD ST
    Dayton,OH45402     		NONE PC GENERAL 15,000
    COX ARBORETUM FOUNDATION
    6733 SPRINGBORO PIKE
    DAYTON,OH45449     		NONE PC GENERAL 15,000
    RESIDENT HOME ASSOCIATION
    OF GREATER DAYTON
    3661 SALEM AVE
    Dayton,OH45406     		NONE PC GENERAL 10,000
    ST VINCENT DE PAUL SOCIAL
    SERVICES INC
    124 W APPLE STREET
    Dayton,OH45402     		NONE PC GENERAL 60,000
    MCCLENDON INSTITUTE OF LEARNING
    2100 W THIRD ST
    Dayton,OH45417     		NONE PC GENERAL 5,000
    THE GRANDVIEW FOUNDATION
    405 W GRAND AVE
    Dayton,OH45405     		NONE PC GENERAL 20,000
    VALENS SOLUTIONS INC
    1256 ROBERT DICKEY PARKWAY
    KETTERING,OH45409     		NONE PC GENERAL 5,000
    YWCA OF DAYTON
    141 W THIRD ST
    Dayton,OH45402     		NONE PC GENERAL 45,000
    SET THE BANQUET TABLE
    FOR MIAMI VALLEY
    428 S EDWIN C MOSES BLVD
    Dayton,OH45402     		NONE PC GENERAL 15,000
    WE CARE ARTS
    3035 WILMINGTON PIKE
    Kettering,OH45429     		NONE PC GENERAL 10,000
    SPRINGFIELD MUSEUM OF ART
    107 CLIFF PARK RD
    Springfield,OH45504     		NONE PC GENERAL 10,000
    NATIONAL AVIATION HALL OF FAME
    1100 SPAATZ ST
    Dayton,OH45433     		NONE PC GENERAL 10,000
    ARTEMIS CENTERALTERNATIVES
    TO DOMESTIC VIOLENCE
    310 WEST MONUMENT AVE
    DAYTON,OH45402     		NONE PC GENERAL 30,000
    GIRL SCOUTS OF WESTERN OHIO
    450 SHOUP MILL ROAD
    DAYTON,OH45415     		NONE PC GENERAL 15,000
    DAYTON AREA LEAGUE OF
    WOMEN VOTERS
    131 N LUDLOW ST TALBOTT TOWER
    DAYTON,OH45402     		NONE PC GENERAL 6,000
    FRIENDS OF AULLWOOD INC
    1000 AULLWOOD RD
    Dayton,OH45414     		NONE PC GENERAL 15,000
    DAYTON CONTEMPORARY DANCE CO
    840 GERMANTOWN STREET
    DAYTON,OH45402     		NONE PC GENERAL 30,000
    BLACK BROTHERS INVOLVEMENT
    BLACK SISTERS INVOLVEMENT
    513 FREDERICKSBURG DR
    Dayton,OH45415     		NONE PC GENERAL 15,000
    FAMILY VIOLENCE PREVENTION
    380 BELLBROOK AVENUE
    XENIA,OH45385     		NONE PC GENERAL 20,000
    CHOICES IN COMMUNITY LIVING
    1651 NEEDMORE RD
    Dayton,OH45414     		NONE PC GENERAL 10,000
    EQUITAS HEALTH GET REAL
    1033 N HIGH ST
    Columbus,OH43201     		NONE PC GENERAL 20,000
    ARTHUR MORGAN INSTITUTE
    131 E DAYTON YELLOW SPRINGS RD
    Yellow Springs,OH45387     		NONE PC GENERAL 25,000
    CRAYONS TO CLASSROOMS
    1750 WOODMAN DRIVE
    DAYTON,OH45420     		NONE PC GENERAL 15,000
    BRUCKNER NATURE CENTER
    5995 HORSESHOE BEND RD
    Troy,OH45373     		NONE PC GENERAL 15,000
    BRIGIDS PATH
    3601 S DIXIE DR
    MORAINE,OH45439     		NONE PC GENERAL 25,000
    THERAPEUTIC RIDING INSTITUTE
    3960 MIDDLE RUN RD
    Spring Valley,OH45370     		NONE PC GENERAL 5,000
    YMCA OF GREATER DAYTON
    118 W FIRST ST STE 300
    DAYTON,OH45402     		NONE PC GENERAL 30,000
    SENIOR RESOURCE CONNECTION
    222 SALEM AVENUE
    DAYTON,OH45406     		NONE PC GENERAL 10,000
    WOMEN HELPING WOMEN
    6 SOUTH 2ND STREET SUITE 828
    HAMILTON,OH45011     		NONE PC GENERAL 10,000
    RONALD MCDONALD HOUSE
    555 VALLEY ST
    DAYTON,OH45404     		NONE PC GENERAL 10,000
    HABITAT FOR HUMANITY OF GREATER DAYTON
    115 W RIVERVIEW AVENUE
    DAYTON,OH45405     		NONE PC GENERAL 10,000
    JUNIOR ACHIEVEMENT OF OKI
    644 LINN STREET SUITE 1024
    Cincinnati,OH45203     		NONE PC GENERAL 10,000
    GOOD NEIGHBOR HOUSE
    844 SOUTH PATTERSON BLVD
    DAYTON,OH45402     		NONE PC GENERAL 30,000
    GREATER DAYTON PUBLIC TELEVISION
    110 S JEFFERSON ST
    DAYTON,OH45402     		NONE PC GENERAL 30,000
    PHILANTHROPY OHIO
    37 WEST BROARD STREET
    COLUMBUS,OH43215     		NONE PC GENERAL 2,235
    DAYTON PERFORMING ARTS ALLIANCE
    126 N MAIN ST STE 210
    DAYTON,OH45402     		NONE PC GENERAL 185,000
    MONTGOMERY COUNTY
    JUVENILE COURT
    380 W SECOND STREET
    DAYTON,OH45402     		NONE PC GENERAL 3,500
    BACH SOCIETY OF DAYTON
    126 N MAIN ST 210
    DAYTON,OH45402     		NONE PC GENERAL 7,500
    FOODBANK INC
    56 ARMOR PL
    Dayton,OH45417     		NONE PC GENERAL 35,000
    PLANNED PARENTHOOD
    SOUTHWEST OHIO
    2314 AUBURN AVENUE
    CINCINNATI,OH45219     		NONE PC GENERAL 50,000
    KIDS IN NEW DIRECTION
    425 N FINDLEY STREET
    DAYTON,OH45403     		NONE PC GENERAL 15,000
    HEALTH PARTNERS OF MIAMI COUNTY
    1300 N COUNTY RD 25A
    Troy,OH45373     		NONE PC GENERAL 10,000
    DAYTON ART INSTITUTE
    456 BELMONTE PARK NORTH
    DAYTON,OH45405     		NONE PC GENERAL 75,000
    DAYBREAK
    605 SOUTH PATTERSON BLVD
    DAYTON,OH45402     		NONE PC GENERAL 30,000
    CLOTHES THAT WORK
    1133 S EDWIN C MOSES BLVD 392
    DAYTON,OH45417     		NONE PC GENERAL 25,000
    HANNAHS TREASURE CHEST
    124 WESTPARK RD
    DAYTON,OH45459     		NONE PC GENERAL 15,000
    BRUNNER LITERACY
    4825 SALEM AVE
    DAYTON,OH45416     		NONE PC GENERAL 15,000
    DAYTON SCORE
    200 W 2ND STREET STE 104
    DAYTON,OH45402     		NONE PC GENERAL 10,000
    WESLEY COMMUNITY CENTER
    3730 DELPHOS AVE
    Dayton,OH45417     		NONE PC GENERAL 15,000
    LEARNING TREE FARM
    3376 S UNION RD
    Dayton,OH45417     		NONE PC GENERAL 10,000
    ON-THE-RISE
    4177 DIALTON RD
    Springfield,OH45502     		NONE PC GENERAL 5,000
    WESTCARE OHIO INC
    1711 WHITNEY MESA DRIVE
    HENDERSON,NV890142080     		NONE PC GENERAL 20,000
    GOODWILL EASTER SEALS MIAMI VALLEY
    660 S MAIN ST
    DAYTON,OH45402     		NONE PC GENERAL 20,000
    BIG BROTHERS BIG SISTERS OF BUTLER
    COUNTY
    1755 S ERIE BLVD STE D
    HAMILTON,OH45011     		NONE PC GENERAL 15,000
    BIG BROTHERS BIG SISTERS OF THE GREATER
    MIAMI VALLEY INC
    22 S JEFFERSON STREET
    DAYTON,OH45402     		NONE PC GENERAL 15,000
    CHILDREN'S HUNGER ALLIANCE
    1105 SCHROCK ROAD STE 505
    COLUMBUS,OH43229     		NONE PC GENERAL 10,000
    DAYTON LIVE (FORMERLY VICTORIA THEATRE
    ASSOCIATION)
    138 NORTH MAIN STREET
    DAYTON,OH454021776     		NONE PC GENERAL 75,000
    FRIENDS OF LEVITT PAVILION DAYTON
    2312 FAR HILL AVE STE 194
    DAYTON,OH454191512     		NONE PC GENERAL 15,000
    MERCY MANOR INC
    25 GROSVENOR AVE
    DAYTON,OH45417     		NONE PC GENERAL 10,000
    MIAMI VALLEY PUBLIC MEDIA INC
    150 E SOUTH COLLEGE ST
    YELLOW SPRINGS,OH45387     		NONE PC GENERAL 15,000
    THE NATIONAL BLACK MBA ASSOCIATION
    PO BOX 3709
    DAYTON,OH454013709     		NONE PC GENERAL 5,000
    WIDOWS HOME OF DAYTON OHIO
    50 SOUTH FINDLAY ST
    DAYTON,OH45403     		NONE PC GENERAL 10,000
    PREVENT BLINDNESS OHIO
    4130 LINDEN AVE 340
    DAYTON,OH45402     		NONE PC GENERAL 12,000
    Total .................................bullet 3a 1,361,235
    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 1,730,197  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 17,413  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   2,574,482  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,574,482
    (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 AccountingFeesSchedule
    Name:
    VIRGINIA W KETTERING FOUNDATION XXXXX3003
    EIN:
    31-6570701
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX SERVICE FEE 2,780     2,780

    TY 2021 ExplnOfNonFilingWithAGStmt
    Name:
    VIRGINIA W KETTERING FOUNDATION XXXXX3003
    EIN:
    31-6570701
    Statement:
    The Ohio Attorney General requires that charitable organizations operating or organized within the State submit an annual registration through an online portal that highlights key information from the Form 990-PF for public disclosure purposes. The Trust completes this registration as required in lieu of furnishing a copy of its Form 990-PF to comply with the specific reporting instructions of the State of Ohio.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    VIRGINIA W KETTERING FOUNDATION XXXXX3003
    EIN:
    31-6570701
    Name of Bond End of Year Book Value End of Year Fair Market Value
    92203J308 VANGUARD TTL INTL BN 2,159,358 2,147,777
    94987W794 ALLSPRING CORE BOND- 315,931 325,733
    722005816 PIMCO INV GRD CRD BN    
    83002G108 SIX CIRCLES ULTR SHR 333,327 331,408
    464287432 ISHARES 20+ YEAR TRE    
    09260B614 BLCKRCK HI YLD BND P    
    83002G702 SIX CIRCLES GLOBAL B 2,965,000 2,872,969
    83002G884 SIX CIRCLES CREDIT O 535,000 541,852
    92206C771 VANGUARD MORTGAGE-BA 331,492 323,592
    46429B267 ISHARES US TREASURY 486,005 490,912
    921937827 VANGUARD SHORT-TERM 735,740 723,833

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    VIRGINIA W KETTERING FOUNDATION XXXXX3003
    EIN:
    31-6570701
    Name of Stock End of Year Book Value End of Year Fair Market Value
    78462F103 SPDR S&P 500 ETF TRU 1,072,840 4,354,908
    315911750 FIDELITY 500 INDEX-I 3,419,618 5,978,880
    46641Q696 JPMORGAN BETABUILDER    
    46641Q712 JPMORGAN BETABUILDER    
    83002G306 SIX CIRCLES US UNCON 2,265,157 3,200,222
    83002G405 SIX CIRCLES INTL UNC 2,360,500 2,713,111
    315911727 FIDELITY INTL INDX-I 275,000 342,205
    46434G103 ISHARES CORE MSCI EM    
    46641Q688 JPM BTABLDRS DEV ASI    
    46641Q720 JPMORGAN BETABUILDER    
    46641Q191 JPMORGAN BETABUILDER 1,083,242 1,338,295
    46641Q217 JPMORGAN BETABUILDER 762,928 945,724
    46641Q225 JPMORGAN BETABUILDER 543,848 748,944
    46641Q233 JPM BTABLDRS DEV ASI 447,388 547,160

    TY 2021 InvestmentsOtherSchedule2
    Name:
    VIRGINIA W KETTERING FOUNDATION XXXXX3003
    EIN:
    31-6570701
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    576814925 CCMP III PRIVATE INV AT COST 2,611 450,211
    811711969 STARWOOD SOF IX PRIV AT COST   159,078
    827994922 SILVER LAKE PARTNERS AT COST 12,335 924,315
    G82981997 GOLDENTREE OFFSHORE AT COST 2,085 17,740
    238568919 RIDGE SELECT: PRIVAT AT COST 270,000 185,294
    HEGTRAAA8 GOLDENTREE OFFSHORE      
    HEVARAAD6 VARDE CREDIT PARTNER AT COST 270,000 305,814
    8M9122924 POLAR LONG/SHORT FUN      
    986903920 SCULPTOR OF II PRIVA AT COST 270,000 321,158
    HECTUACB4 COATUE OFFSHORE FUND      
    HEFRTAAP8 FORT GLOBAL OFFSHORE AT COST 270,000 253,538
    HEMRNAAW1 CONCORDIA G-10 FIXED      
    HENWMAAM2 EMERGING MARKET CURR AT COST 270,000 280,210
    HETACAAH6 TACONIC OPPORTUNITY      
    HEARSAE13 ARISTEIA INTERNATION AT COST 320,000 324,717
    HECSMAEE7 DOLLAR SENIOR LOAN O AT COST 250,000 250,159
    HECTUAJD3 COATUE OFFSHORE FUND AT COST 66,065 329,720
    HECTUAL16 COATUE OFFSHORE FUND AT COST 927 4,500
    HENCAABZ9 NEWBROOK CAPITAL OFF AT COST 250,000 240,579
    HERMCAJ42 REDMILE CAPITAL OFFS AT COST 225,000 185,878
    HERMCAPP8 REDMILE CAPITAL OFFS AT COST 25,000 15,275
    HESUVAB16 SUVRETTA OFFSHORE FU AT COST 250,000 227,846

    TY 2021 LegalFeesSchedule
    Name:
    VIRGINIA W KETTERING FOUNDATION XXXXX3003
    EIN:
    31-6570701
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 29,747     29,747


    TY 2021 OtherDecreasesSchedule
    Name:
    VIRGINIA W KETTERING FOUNDATION XXXXX3003
    EIN:
    31-6570701
    Description Amount
    2021 TRANSACTIONS POSTED IN 2022 15,323
    MUTUAL FUND ADJUSTEMENTS 90
    ROUNDING 2


    TY 2021 OtherExpensesSchedule
    Name:
    VIRGINIA W KETTERING FOUNDATION XXXXX3003
    EIN:
    31-6570701
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY GENERAL FEE 200 0   200
    OTHER PROFESSIONAL FEES 41,600 0   41,600


    TY 2021 OtherIncomeSchedule2
    Name:
    VIRGINIA W KETTERING FOUNDATION XXXXX3003
    EIN:
    31-6570701
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    2017 FEDERAL TAX REFUND 17,413 0  


    TY 2021 OtherIncreasesSchedule
    Name:
    VIRGINIA W KETTERING FOUNDATION XXXXX3003
    EIN:
    31-6570701
    Description Amount
    2020 TRANSACTIONS POSTED IN 2021 27,997


    TY 2021 TaxesSchedule
    Name:
    VIRGINIA W KETTERING FOUNDATION XXXXX3003
    EIN:
    31-6570701
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 13,137 0   0
    FEDERAL ESTIMATES - INCOME 11,320 0   0
    FOREIGN TAXES ON QUALIFIED FOR 12,412 12,412   0
    FOREIGN TAXES ON NONQUALIFIED 2,913 2,913   0