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 02-01-2021 , and ending 01-31-2022
Name of foundation
SELBY AND RICHARD MCRAE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1200 MEADOWBROOK RD 16
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
JACKSON, MS392066109
A Employer identification number

64-6026795
B Telephone number (see instructions)

(601) 366-9371
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$38,923,204J 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) 1,003,828
2 Check bullet.............
3 Interest on savings and temporary cash investments 117 117  
4 Dividends and interest from securities... 592,647 592,636  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,973,879
b Gross sales price for all assets on line 6a 20,089,734
7 Capital gain net income (from Part IV, line 2)... 6,890,742
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 958 315  
12 Total. Add lines 1 through 11........ 8,571,429 7,483,810  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 63,845 15,961   47,884
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 7,970 1,809   6,161
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,150 0   8,150
c Other professional fees (attach schedule).... Click to see attachment 133,622 133,622   0
17 Interest............... 18,582 18,582   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 32,206 4,846   8,389
19 Depreciation (attach schedule) and depletion... Click to see attachment 24,355 6,089  
20 Occupancy.............. 16,402 4,101   12,301
21 Travel, conferences, and meetings....... 1,257 0   1,257
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 363,764 161,396   17,057
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 670,153 346,406   101,199
25 Contributions, gifts, grants paid....... 2,738,930 2,738,930
26 Total expenses and disbursements. Add lines 24 and 25 3,409,083 346,406   2,840,129
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,162,346
b Net investment income (if negative, enter -0-) 7,137,404
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,171,957 949,511 949,511
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,000,560 0 0
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 37,792,664 Click to see attachment37,505,982 37,505,982
14 Land, buildings, and equipment: basis bullet587,768
Less: accumulated depreciation (attach schedule) bullet120,057 492,066 Click to see attachment467,711 467,711
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,457,247 38,923,204 38,923,204
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 42,457,247 38,923,204
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........    
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)..... 42,457,247 38,923,204
30 Total liabilities and net assets/fund balances (see instructions). 42,457,247 38,923,204
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
42,457,247
2
Enter amount from Part I, line 27a .....................
2
5,162,346
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
47,619,593
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8,696,389
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
38,923,204
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 LITIGATION SETTLEMENTS P    
b PUBLICLY TRADED SECURITIES - CS MF      
c PUBLICLY TRADED SECURITIES - CS MF      
d PUBLICLY TRADED SECURITIES - CS MF      
e PARTNERSHIP DISTRIBUTIONS IN EXCESS OF BASIS P    
CAPITAL GAINS/ SEC 1231 FROM PASSTHROUGHS P    
MORRISON STREET INCOME FUND TERMINATION P 2021-12-30 2021-12-31
OAK HILL CAPITAL PARTNERS III (AIV I) TERMINATION P 2008-07-09 2022-01-11
PALO ALTO HEALTHCARE FUND II TERMINATION D 2016-09-02 2021-04-16
RIMROCK STRUCTURED PRODUCT (CAYMAN) TERMINATION P 2015-04-01 2021-04-16
CAPITAL GAINS 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 102     102
b 3,219,473   2,088,641 1,130,832
c 1,846,365   1,757,244 89,121
d 11,632,013   7,550,467 4,081,546
e 45,097     45,097
1,222,548   83,137 1,139,411
342,998   342,798 200
7,749   4,809 2,940
558,867   686,516 -127,649
843,521   685,380 158,141
371,001     371,001
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       102
b       1,130,832
c       89,121
d       4,081,546
e       45,097
      1,139,411
      200
      2,940
      -127,649
      158,141
      371,001
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 6,890,742
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 99,210
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 99,210
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 20,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 200,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 220,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 2,077
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 10 118,713
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet118,713 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletMS
    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 ofbulletRENEE D HOLM CPA Telephone no.bullet (601) 366-9371

    Located atbullet1200 MEADOWBROOK RD 16JACKSONMS ZIP+4bullet39206
    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
    SUSAN MCRAE SHANOR PRESIDENT
    1.00     		0 0 0
    1200 MEADOWBROOK RD APT 16
    JACKSON,MS392066109
    RICHARD D MCRAE JR VICE-PRESIDENT
    1.00     		0 0 0
    1200 MEADOWBROOK RD APT 16
    JACKSON,MS392066109
    VAUGHAN W MCRAE SECRETARY
    1.00     		0 0 0
    1200 MEADOWBROOK RD APT 16
    JACKSON,MS392066109
    RENEE D HOLM EXECUTIVE DIRECTOR
    35.00     		67,230 0 3,910
    1200 MEADOWBROOK RD APT 16
    JACKSON,MS392066109
    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
    ARNERICH MASSENA AND ASSOCIATES INVESTMENT ADVISORS 102,065
    2045 NE MARTIN LUTHER KING JR BLVD
    PORTLAND,OR97212
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    40,545,093
    b
    Average of monthly cash balances.......................
    1b
    842,624
    c
    Fair market value of all other assets (see instructions)................
    1c
    467,711
    d
    Total (add lines 1a, b, and c).........................
    1d
    41,855,428
    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
    41,855,428
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    627,831
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    41,227,597
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,061,380
    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
    2,061,380
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    99,210
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    99,210
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,962,170
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,962,170
    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
    1,962,170
    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 1,962,170
    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...... 659,391
    b From 2017...... 1,748,629
    c From 2018...... 1,994,351
    d From 2019...... 2,244,359
    e From 2020...... 77,389
    f Total of lines 3a through e ........ 6,724,119
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,840,129
    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..... 1,962,170
    e Remaining amount distributed out of corpus 877,959
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 7,602,078
    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) ...     		659,391
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		6,942,687
    10 Analysis of line 9:
    a Excess from 2017.... 1,748,629
    b Excess from 2018.... 1,994,351
    c Excess from 2019.... 2,244,359
    d Excess from 2020.... 77,389
    e Excess from 2021.... 877,959
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ASHEVILLE PEAK ACADEMY
    27 BALM GROVE RD
    ASHEVILLE,NC28806     		NONE PC CHARTER SCHOOL FOR UNDERSERVED CHILDREN 145,010
    BADDOUR CENTER
    3297 HIGHWAY 51 S
    SENATOBIA,MS38668     		NONE PC TRIP SPONSORSHIP FOR MENTALLY CHALLENGED ADULTS 17,274
    BETHLEHEM CENTER THE
    PO BOX 3522
    JACKSON,MS39207     		NONE PC MINISTRY TO INTER-CITY FAMILIES & CHILDREN 12,000
    BOY SCOUTS OF AMERICA
    855 RIVERSIDE DR
    JACKSON,MS39202     		NONE PC BOY SCOUT CAMP RENOVATIONS AND REPAIRS 125,000
    BREAK THRU MINISTRIES
    8113 MORTON MARATHON RD
    PULASKI,MS39152     		NONE PC CAMP REPAIRS AND RENOVATIONS 25,000
    CAMP TWIN LAKES INC
    1100 SPRING ST NW SUITE 406
    ATLANTA,GA30309     		NONE PC CAMP SPONSORSHIP FOR MENTALLY CHALLENGED CHILDREN 25,000
    CATHOLIC CHARITIES INC
    850 E RIVER PLACE
    JACKSON,MS39202     		NONE PC HUMAN TRAFFICKING LUNCHEON 1,500
    CHILDREN'S ADVOCACY CENTERS OF MISSISSIPPI
    PO BOX 5348
    JACKSON,MS39296     		NONE PC TRAINING FOR THOSE WORKING WITH ABUSED CHILDREN 100,000
    COMMUNITY FOUNDATION OF MISSISSIPPI
    525 EAST CAPITOL ST STE 5B
    JACKSON,MS39201     		NONE PC MURRAH PLEIADES LITERARY FUND & NOVA FOUNDATION 25,000
    CURREY INGRAM ACADEMY
    6544 MURRAY LANE
    BRENTWOOD,TN37027     		NONE PC IT'S POSSIBLE FUND 100,000
    EUDORA WELTY FOUNDATION
    PO BOX 55685
    JACKSON,MS39296     		NONE PC PRESERVATION OF EUDORA WELTY PROPERTY 25,000
    EXPONENT PHILANTHROPY
    1720 N STREET NW
    WASHINGTON,DC20036     		NONE PC ENHANCE PROGRAMS FOR SMALL FOUNDATIONS 780
    FRENCH CAMP ACADEMY
    1 FINE PLACE
    FRENCH CAMP,MS39745     		NONE PC STUDENT WORK PROGRAM 23,000
    FRIENDS OF CHILDREN'S HOSPITAL
    3900 LAKELAND DR STE 205
    FLOWOOD,MS39232     		NONE PC ENCHANTED EVENING GALA SPONSORSHIP 25,000
    GALLOWAY UNITED METHODIST CHURCH
    305 N CONGRESS STREET
    JACKSON,MS39201     		NONE PC GENERAL CHURCH BUDGET 52,000
    HABITAT FOR HUMANITY OF MISSISSIPPI
    PO BOX 55634
    JACKSON,MS39296     		NONE PC HOUSE BUILD SPONSORSHIP 50,000
    HINDS COMMUNITY COLLEGE FOUNDATION
    PO BOX 1100
    RAYMOND,MS39154     		NONE PC SCHOLARSHIP FUND 15,000
    HOLMES COUNTY CENTRAL HIGH SCHOOL JAGUAR CHOIR BOOSTER CLUB
    PO BOX 92
    LEXINGTON,MS39095     		NONE PC PUBLIC SCHOOL CHORAL MUSIC PROGRAM 20,000
    HOMEWARD BOUND
    PO BOX 1166
    ASHEVILLE,NC28802     		NONE PC PROVIDE HOUSING FOR HOMELESS IN ASHEVILLE 25,000
    JACKSON ROTARY CLUB CHARITIES
    PO BOX 9933
    JACKSON,MS39286     		NONE PC COLLEGE SCHOLARSHIPS 16,000
    JIM HILL HIGH SCHOOL SCIENCE DEPARTMENT
    2185 FORTUNE ST
    JACKSON,MS39204     		NONE PC SCIENCE DEPARTMENT 3D PRINTER SUPPLIES 3,340
    MCCALLIE SCHOOL
    500 DODDS AVENUE
    CHATTANOOGA,TN37404     		NONE PC SCHOLARSHIP FUND & SCIENCE TECHNOLOGY BUILDING 100,000
    METROPOLITAN OPERA ASSOCIATION INC
    30 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE PC GENERAL SUPPORT 20,000
    MISSISSIPPI CENTER FOR JUSTICE
    PO BOX 1023
    JACKSON,MS39215     		NONE PC PROVIDE LEGAL SERVICES FOR LOW-INCOME PEOPLE OF MISSISSIPPI 125,000
    MISSISSIPPI FISH AND WILDLIFE FOUNDATION
    PO BOX 10
    STONEVILLE,MS38776     		NONE PC WILDLIFE CONSERVATION IN MISSISSIPPI 10,000
    MISSISSIPPI HORSE RESCUE
    569 N OLD CANTON ROAD
    MADISON,MS39110     		NONE PC HORSE BARN REPAIRS AND COVERED ARENA CONSTRUCTION 100,000
    MISSISSIPPI KIDNEY FOUNDATION
    3000 OLD CANTON ROAD
    JACKSON,MS39216     		NONE PC EVENT SPONSORSHIP 1,500
    MISSISSIPPI MUSEUM OF ART
    201 E PASCAGOULA ST
    JACKSON,MS39201     		NONE PC JEFFREY GIBSON: LIKE HAMMER ART EXHIBIT 62,500
    MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION
    PO BOX 2548
    RIDGELAND,MS39158     		NONE PC UNIV OF MS MEDICAL SCHOOL RURAL PHYSICIANS SCHOLARSHIP 30,000
    MISSISSIPPI SYMPHONY ORCHESTRA
    PO BOX 2052
    JACKSON,MS39225     		NONE PC CONCERT SPONSORSHIP 60,000
    OBAMA MAGNET SCHOOL PTA
    PO BOX 2391
    JACKSON,MS39225     		NONE PC OUTDOOR GARDEN CONSTRUCTION 5,000
    OPERATION SHOESTRING
    PO BOX 11223
    JACKSON,MS39283     		NONE PC MINISTRY TO INTER-CITY FAMILIES & CHILDREN 24,000
    PALMER HOME FOR CHILDREN
    PO BOX 746
    COLUMBUS,MS39703     		NONE PC WELLNESS CENTER CONSTRUCTION 25,000
    RON CLARK ACADEMY
    228 MARGARET STREET
    ATLANTA,GA30315     		NONE PC STUDENT SCHOLARSHIPS & PERFORMING ARTS CENTER 43,000
    SOCIETY OF ST ANDREW
    PO BOX 5362
    JACKSON,MS39296     		NONE PC HELP IN COLLECTION OF FOOD FOR THE HUNGRY 10,000
    SOCIETY RIDGE MISSIONARY BAPTIST CHURCH
    3506 GREENS CROSSING RD
    JACKSON,MS39209     		NONE PC CHURCH BUILDING FUND 10,000
    ST ANDREW'S EPISCOPAL SCHOOL
    370 OLD AGENCY ROAD
    RIDGELAND,MS39157     		NONE PC CHAPEL AND BELLTOWER CONSTRUCTION 250,000
    ST DOMINIC HEALTH SERVICES FOUNDATION
    969 LAKELAND DRIVE
    JACKSON,MS39216     		NONE PC EMERGENCY ROOM RENOVATIONS 50,000
    STEWPOT COMMUNITY SERVICES
    1100 WEST CAPITOL STREET
    JACKSON,MS39203     		NONE PC ASSISTANCE TO HOMELESS PEOPLES 80,000
    SUNNYBROOK CHILDRENS HOME
    222 SUNNYBROOK RD
    RIDGELAND,MS39157     		NONE PC ANNUAL LIVING EXPENSES FOR SIX RESIDENTS 72,000
    THISBE AND NOAH SCOTT FOUNDATION
    PO BOX 50332
    NASHVILLE,TN37205     		NONE PC CONSTRUCTION OF PLAYGROUND FOR HANDICAPPED CHILDREN 200,000
    UNIVERSITY OF MS MEDICAL CENTER
    2500 NORTH STATE STREET
    JACKSON,MS39216     		NONE PC CHILDREN'S HOSPITAL CONSTRUCTION & CHILDREN'S CENTER FOR CANCER AND BLOOD DISORDERS 250,000
    UNIVERSITY OF NORTH CAROLINA ASHEVILLE FOUNDATION INC
    1 UNIVERSITY HEIGHTS
    ASHEVILLE,NC28804     		NONE PC STUDENT SCHOLARSHIPS & ATHLETIC ENHANCEMENTS 275,000
    UNIVERSITY PRESS OF MISSISSIPPI
    3825 RIDGEWOOD ROAD
    JACKSON,MS39211     		NONE PC INTERNSHIP SPONSORSHIP & PUBLICATION COSTS OF MS GOVERNOR'S MANSION BOOK 5,000
    YMCA OF WESTERN NORTH CAROLINA
    53 ASHELAND AVE STE 105
    ASHEVILLE,NC28801     		NONE PC ANNUAL FUND 25,000
    DONATIONS FROM PASSTHROUGH ENTITIES
    VARIOUS
    VARIOUS,VA99999     		NONE PC UNKNOWN 26
    FRANKLIN ROAD ACADEMY
    4700 FRANKLIN PIKE
    NASHVILLE,TN37220     		NONE PC CAPITAL CAMPAIGN 75,000
    Total .................................bullet 3a 2,738,930
    bApproved for future payment
    ST ANDREW'S EPISCOPAL SCHOOL
    370 OLD AGENCY ROAD
    RIDGELAND,MS39157     		NONE PC LOWER SCHOOL RENOVATIONS 1,000,000
    JACKSON PREPARATORY SCHOOL
    PO BOX 4940
    JACKSON,MS39296     		NONE PC TUITION ENDOWMENT 250,000
    MAGNOLIA SPEECH SCHOOL
    414 BOZEMAN ROAD
    MADISON,MS39110     		NONE PC PLAYGROUND CONSTRUCTION & FLAG POLE CONSTRUCTION 365,000
    MISSISSIPPI MUSEUM OF ART
    201 E PASCAGOULA ST
    JACKSON,MS39201     		NONE PC EXHIBIT OPENING WEEKEND GALA 150,000
    MISSISSIPPI SYMPHONY ORCHESTRA
    PO BOX 2052
    JACKSON,MS39225     		NONE PC CONCERT SPONSORSHIP 120,000
    FRENCH CAMP ACADEMY
    1 FINE PLACE
    FRENCH CAMP,MS39745     		NONE PC WORK BASED LEARNING PROGRAM 75,000
    COMMUNITY FOUNDATION OF MISSISSIPPI
    525 EAST CAPITOL ST STE 5B
    JACKSON,MS39201     		NONE PC NOVA FOUNDATION 10,000
    GALLOWAY UNITED METHODIST CHURCH
    305 N CONGRESS STREET
    JACKSON,MS39201     		NONE PC GENERAL CHURCH BUDGET 162,000
    ASHEVILLE PEAK ACADEMY
    27 BALM GROVE RD
    ASHEVILLE,NC28806     		NONE PC EXECUTIVE COACHING AND CONSULTING 32,500
    Total .................................bullet 3b 2,164,500
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 117  
    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 6,973,879  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 958 7,566,643 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,567,601
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    64-6026795
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    SELBY AND RICHARD MCRAE FOUNDATION
          		Employer identification number
    64-6026795
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    RICHARD D MCRAE CHARITABLE LEAD ANNUITY TRUST
     
    PO BOX 13070
     
    JACKSON, MS39236

    		$ 993,556


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    ESTATE OF RICHARD D MCRAE
     
    PO BOX 13070
     
    JACKSON, MS39236

    		$ 10,271


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    64-6026795
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    SELBY AND RICHARD MCRAE FOUNDATION
          		Employer identification number

    64-6026795
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    SELBY AND RICHARD MCRAE FOUNDATION
    EIN:
    64-6026795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND LEGAL 8,150 0   8,150

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

    TY 2021 DepreciationSchedule
    Name:
    SELBY AND RICHARD MCRAE FOUNDATION
    EIN:
    64-6026795
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE CONDOMINIUM 2016-09-03 515,000 56,677 SL 39.000000000000 13,205 0    
    ARTWORK 2017-03-22 28,950 14,476 SL 7.000000000000 4,136 0    
    2005 LEXUS 2017-03-22 12,000 8,400 SL 5.000000000000 2,400 0    
    OFFICE EQUIPMENT 2017-03-22 1,200 840 SL 5.000000000000 240 0    
    OFFICE FURNISHINGS 2017-03-22 10,023 5,012 SL 7.000000000000 1,432 0    
    OFFICE FURNITURE 2017-03-22 20,595 10,297 SL 7.000000000000 2,942 0    

    TY 2021 InvestmentsOtherSchedule2
    Name:
    SELBY AND RICHARD MCRAE FOUNDATION
    EIN:
    64-6026795
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BAIRD AGGREGATE BOND FUND FMV 3,759,918 3,759,918
    ARTISAN INTERNATIONAL VALUE FUND FMV 1,202,337 1,202,337
    CHAMPLAIN MID CAP FUND FMV 1,816,264 1,816,264
    GRANDEUR PEAK INTERNATIONAL OPP FUND FMV 1,167,127 1,167,127
    SCHWAB INTERNATIONAL FUND FMV 1,472,375 1,472,375
    SCHWAB S&P 500 INDEX FUND FMV 8,176,276 8,176,276
    WCM FOCUSED INTERNATIONAL GROWTH FUND FMV 1,098,225 1,098,225
    GQG PARTNERS EMERGING MARKETS EQUITY FUND FMV 1,180,976 1,180,976
    VANGUARD SMALL CAP VALUE INDEX FUND FMV 1,441,496 1,441,496
    3 X 5 SPECIAL OPPORTUNITY FUND, LP FMV 563,564 563,564
    3 X 5 RIVERVEST FUND II, LP FMV 1,581,465 1,581,465
    3 X 5 PARTNERS FUND III, LP FMV 459,571 459,571
    AACP DEBT INVESTORS, LP FMV 123,888 123,888
    AACP TAX EXEMPT INVESTORS II, LP FMV 475,772 475,772
    AACP TAX EXEMPT INVESTORS IV, LP FMV 768,052 768,052
    AA DELAWARE IV, LP FMV 67,324 67,324
    ADP INVESTORS II, LLC FMV 1,025,687 1,025,687
    BERENS AFRICAN DEVELOPMENT PARTNERS LP FMV 183,713 183,713
    BPEA LIFE SCIENCES FUND I, LP FMV 104,229 104,229
    CORDILLERA INVESTMENT FUND II, LP FMV 449,223 449,223
    GLOBAL ACCESS FUND II, LP FMV 2,443,970 2,443,970
    KCB REAL ESTATE VII LP FMV 528,221 528,221
    KEYHAVEN CAPITAL PARTNERS II FMV 39,657 39,657
    MORRISON STREET DEBT OPPORTUNITY FUND FMV 8,807 8,807
    MORRISON STREET DEBT OPPORTUNITY FUND II FMV 436,013 436,013
    MUDRICK DISTRESSED OPPORTUNITY FUND (OFFSHORE) FMV 1,568,973 1,568,973
    OAK HILL CAPITAL PARTNERS II FMV 1,906 1,906
    OAK HILL CAPITAL PARTNERS III FMV 50,245 50,245
    OAK HILL CAPITAL PARTNERS IV FMV 215,000 215,000
    OAK HILL CAPITAL PARTNERS V FMV 488,242 488,242
    OHA EUROPEAN STRATEGIC OPPORTUNITY FUND, LP FMV 36,122 36,122
    PALO ALTO HEALTHCARE FUND II, LP FMV 58,828 58,828
    RUBICON INVESTORS, LLC FMV 866,275 866,275
    SENTAKU INVESTORS LLC FMV 7,258 7,258
    SIGHTLINE OPPORTUNITY MANAGEMENT FUND II, LP FMV 161,799 161,799
    US WATER AND LAND, LP FMV 562,891 562,891
    VAPOTHERM INVESTORS, LLC FMV 220,372 220,372
    VENTURE INVESTMENT PARTNERS V, LP FMV 192,840 192,840
    VIA ENERGY LP FMV 99,197 99,197
    WATER PROPERTY INVESTOR, LP FMV 1,708,584 1,708,584
    ZERO MASS WATER INVESTORS LLC FMV 543,471 543,471
    EXIT 59 PROPERTIES LLC FMV 149,829 149,829

    TY 2021 LandEtcSchedule2
    Name:
    SELBY AND RICHARD MCRAE FOUNDATION
    EIN:
    64-6026795
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE CONDOMINIUM 515,000 69,882 445,118  
    ARTWORK 28,950 18,612 10,338  
    2005 LEXUS 12,000 10,800 1,200  
    OFFICE EQUIPMENT 1,200 1,080 120  
    OFFICE FURNISHINGS 10,023 6,444 3,579  
    OFFICE FURNITURE 20,595 13,239 7,356  


    TY 2021 OtherDecreasesSchedule
    Name:
    SELBY AND RICHARD MCRAE FOUNDATION
    EIN:
    64-6026795
    Description Amount
    UNREALIZED APPRECIATION (LOSS) ON ASSETS 8,696,389


    TY 2021 OtherExpensesSchedule
    Name:
    SELBY AND RICHARD MCRAE FOUNDATION
    EIN:
    64-6026795
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUTOMOBILE EXPENSE 91 0   91
    DUES 2,089 522   1,567
    INSURANCE 12,186 0   12,186
    POSTAGE & SHIPPING 1,405 0   1,405
    OFFICE EXPENSE 3,616 1,808   1,808
    NON DEDUCTIBLE EXPENSES - FROM PASSTHROUGHS 142 0   0
    PORTFOLIO DEDUCTIONS FROM PASSTHROUGHS 344,235 159,066   0


    TY 2021 OtherIncomeSchedule2
    Name:
    SELBY AND RICHARD MCRAE FOUNDATION
    EIN:
    64-6026795
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISC NON-TAXABLE INCOME FROM PASSTHROUGHS 253 0 253
    ROYALTY INCOME 45 45 45
    CANCELLATION OF DEBT INCOME FROM PASSTHROUGHS 660 270 660


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    SELBY AND RICHARD MCRAE FOUNDATION
    EIN:
    64-6026795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ARNERICH MASSENA & ASSOCIATES - INVESTMENT SERVICES 102,065 102,065   0
    MMARQUETTE & ASSOCIATES - INVESTMENTS SERVICES 12,500 12,500   0
    MORRISON STREET CAPITAL - INVESTMENT SERVICES 11,557 11,557   0
    INVESTMENT CONSULTING EXPENSE 7,500 7,500   0


    TY 2021 TaxesSchedule
    Name:
    SELBY AND RICHARD MCRAE FOUNDATION
    EIN:
    64-6026795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES - FROM PASSTHROUGHS 1,905 1,905   0
    PROPERTY TAXES 11,186 2,796   8,389
    STATE INCOME TAXES - FROM PASSTHROUGHS 145 145   0
    FEDERAL EXCISE TAX 18,970 0   0