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
TRAILSEND FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6205-A PEACHTREE DUNWOODY ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30328
A Employer identification number

23-7256190
B Telephone number (see instructions)

(678) 645-4659
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$164,879,430J 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... 3,349,304 3,349,304  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,998,602
b Gross sales price for all assets on line 6a 116,276,591
7 Capital gain net income (from Part IV, line 2)... 12,998,602
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 339,014 339,014  
12 Total. Add lines 1 through 11........ 16,686,920 16,686,920  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 50 0   50
b Accounting fees (attach schedule)....... Click to see attachment 30,395 0   30,395
c Other professional fees (attach schedule).... Click to see attachment 854,225 841,400   12,825
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 228,003 8,003   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,366 2,030   536
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,115,039 851,433   43,806
25 Contributions, gifts, grants paid....... 5,065,000 6,615,000
26 Total expenses and disbursements. Add lines 24 and 25 6,180,039 851,433   6,658,806
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,506,881
b Net investment income (if negative, enter -0-) 15,835,487
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......... 2,844,109 3,186,180 3,186,180
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)....... 84,183,886 Click to see attachment89,176,752 116,411,438
c Investments—corporate bonds (attach schedule)....... 3,625,360 Click to see attachment3,196,858 3,252,444
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 19,134,152 Click to see attachment23,137,451 41,908,711
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment73,510 Click to see attachment120,657 Click to see attachment120,657
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 109,861,017 118,817,898 164,879,430
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 2,175,000 625,000
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)......... 2,175,000 625,000
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........ 1,000 1,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 107,685,017 118,191,898
29 Total net assets or fund balances (see instructions)..... 107,686,017 118,192,898
30 Total liabilities and net assets/fund balances (see instructions). 109,861,017 118,817,898
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
107,686,017
2
Enter amount from Part I, line 27a .....................
2
10,506,881
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
118,192,898
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
118,192,898
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 PUBLICLY TRADED SECURITIES P    
b ST GAIN FROM K-1: ACADIAN ALL COUNTRY WORLD EX US FUND P    
c LT GAIN FROM K-1: ACADIAN ALL COUNTRY WORLD EX US FUND P    
d LT GAIN FROM K-1: BDT CAPITAL PARTNERS FUND I-A, LP P    
e ST GAIN FROM K-1: BDT CAPITAL PARTNERS FUND II, LP P    
LT GAIN FROM K-1: BDT CAPITAL PARTNERS FUND II, LP P    
LT GAIN FROM K-1: FALFURRIAS CAPITAL PARTNERS III, LP P    
LT GAIN FROM K-1: FALFURRIAS CAPITAL PARTNERS IV, LP P    
ST GAIN FROM K-1: TTV FUND V, LP P    
LT GAIN FROM K-1: TTV FUND V, LP P    
ACADIAN ALL COUNTRY WORLD EX US FUND 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 116,255,083   105,189,370 11,065,713
b       25,891
c       149,314
d       276,456
e       15,904
      276,949
      439,013
      106,183
      115,796
      521,811
21,508   15,936 5,572
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       11,065,713
b       25,891
c       149,314
d       276,456
e       15,904
      276,949
      439,013
      106,183
      115,796
      521,811
      5,572
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 12,998,602
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........................... 3 220,113
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- ..... 5 220,113
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 225,954
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 135,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 360,954
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 140,841
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet140,841 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
 
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 ofbulletCOX FOUNDATIONS COX ENTERPRISES Telephone no.bullet (678) 645-0000

    Located atbullet6205-A PEACHTREE DUNWOODY ROADATLANTAGA ZIP+4bullet30328
    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)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    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)
    Yes
     
    (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
     
    No
    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
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    JAMES C KENNEDY CHAIR/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    BLAIR PARRY-OKEDEN PRESIDENT/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    NANCY K RIGBY TREASURER/SECRETARY
    5.00     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    BARBARA K HARTY VICE PRESIDENT/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    ANDREW PARRY-OKEDEN VICE PRESIDENT/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    JOHN M DYER VICE PRESIDENT/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    JESSIE S MCKELLAR ASSISTANT SECRETARY
    5.00     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    JENNIFER E BLAKE ASSISTANT SECRETARY (UNTIL 04/21)
    5.00     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    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
    STG PARTNERS INVESTMENT MANAGEMENT FEES 819,892
    3455 PEACHTREE RD NE STE 1000
    ATLANTA,GA30326
    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
    118,671,519
    b
    Average of monthly cash balances.......................
    1b
    3,231,895
    c
    Fair market value of all other assets (see instructions)................
    1c
    41,908,711
    d
    Total (add lines 1a, b, and c).........................
    1d
    163,812,125
    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
    163,812,125
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,457,182
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    161,354,943
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    8,067,747
    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
    8,067,747
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    220,113
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    220,113
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,847,634
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    7,847,634
    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
    7,847,634
    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 7,847,634
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 2,020,717
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 6,658,806
    a Applied to 2020, but not more than line 2a 2,020,717
    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..... 4,638,089
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		3,209,545
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    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
    ACCESS FUND
    PO BOX 17010
    BOULDER,CO80308     		N/A PC GENERAL OPERATING SUPPORT 10,000
    AGAPE YOUTH AND FAMILY CENTER
    2210 MARIETTA BOULEVARD NW
    ATLANTA,GA30318     		N/A PC HOLIDAY PROGRAM SUPPORT 25,000
    CHILDREN'S HEALTHCARE OF ATLANTA FOUNDATION
    1575 NORTHEAST EXPRESSWAY
    ATLANTA,GA30329     		N/A PC SUPPORT FOR THE AFLAC CANCER CENTER 25,000
    CHRIS 180
    1030 FAYETTEVILLE ROAD
    ATLANTA,GA30316     		N/A PC GENERAL OPERATING SUPPORT 25,000
    CITY OF REFUGE
    1300 JOSEPH E BOONE BLVD NW
    ATLANTA,GA30314     		N/A PC FEED MY LAMBS PROGRAM SUPPORT 25,000
    COLORADO OPEN LANDS
    1546 COLE BLVD
    LAKEWOOD,CO80401     		N/A PC GENERAL OPERATING SUPPORT 50,000
    COVENANT HOUSE GEORGIA
    1559 JOHNSON ROAD NW
    ATLANTA,GA30318     		N/A PC HOLIDAY PROGRAM SUPPORT 25,000
    EARTHJUSTICE
    50 CALIFORNIA STREET SUITE 500
    SAN FRANCISCO,CA94111     		N/A PC GENERAL OPERATING SUPPORT 20,000
    EMORY UNIVERSITY
    201 DOWMAN DRIVE SUITE 404
    ATLANTA,GA30322     		N/A PC PROGRAM SUPPORT 250,000
    EMORY UNIVERSITY
    201 DOWMAN DRIVE SUITE 404
    ATLANTA,GA30322     		N/A PC SUPPORT IMMUNOTHERAPY RESEARCH 1,250,000
    ENVIRONMENTAL DEFENSE FUND INC
    257 PARK AVENUE SOUTH 16TH FLOOR
    NEW YORK,NY10010     		N/A PC GENERAL OPERATING SUPPORT 20,000
    FRIENDS OF THE MATER FOUNDATION
    PO BOX 958
    NORTH SYDNEY,NSW, 2059  
    AS     		N/A NC CAPITAL CAMPAIGN SUPPORT 25,000
    GEORGIA CONSERVANCY
    230 PEACHTREE STREET NW SUITE 1250
    ATLANTA,GA30303     		N/A PC GENERAL OPERATING SUPPORT 50,000
    GEORGIA DEPARTMENT OF HUMAN SERVICES
    2 PEACHTREE STREET NW SUITE 19-472
    ATLANTA,GA30303     		N/A GOV SECRET SANTA PROGRAM FOR CHILDREN IN GEORGIA'S FOSTER CARE SYSTEM 25,000
    GOOD SAMARITAN HEALTH CENTER
    1015 DONALD LEE HOLLOWELL PARKWAY
    ATLANTA,GA30318     		N/A PC GENERAL OPERATING SUPPORT 25,000
    GREENWICH COUNTRY DAY SCHOOL INC
    401 OLD CHURCH RD
    GREENWICH,CT06830     		N/A PC CAPITAL CAMPAIGN SUPPORT 50,000
    HAWAII SCHOOL FOR GIRLS
    2933 PONI MOI ROAD
    HONOLULU,HI96815     		N/A PC GENERAL OPERATING SUPPORT 1,000,000
    HEALTH EDUCATION ASSESSMENT AND LEADERSHIP INC
    2600 MARTIN LUTHER KING JR BLVD SW
    SUITE 100
    ATLANTA,GA30311     		N/A PC GENERAL OPERATING SUPPORT 25,000
    HUNTER MEDICAL RESEARCH INSTITUTE
    LOT 1 KOOKABURRA CCT
    NEW LAMBTON HEIGHTS,NSW, 2305  
    AS     		N/A NC SUPPORT FOR ADVANCED OUT-OF-HOSPITAL CARE INITIATIVE 500,000
    KAPIOLANI HEALTH FOUNDATION
    55 MERCHANT STREET SUITE 2600
    HONOLULU,HI98613     		N/A PC GENERAL OPERATING SUPPORT 85,000
    LAND TRUST ALLIANCE INCORPORATED
    1250 H STREET NW SUITE 600
    WASHINGTON,DC20005     		N/A PC GENERAL OPERATING SUPPORT 50,000
    MAYO CLINIC
    200 1ST STREET SW
    ROCHESTER,MN55905     		N/A PC CAPITAL CAMPAIGN SUPPORT 1,000,000
    MONTANA STATE UNIVERSITY FOUNDATION
    1501 S 11TH AVENUE
    BOZEMAN,MT59715     		N/A PC RANCH PROGRAM SUPPORT 25,000
    MYELOMA FOUNDATION OF AUSTRALIA INC
    335 SWAN STREET
    RICHMOND,VICTORIA, 3121  
    AS     		N/A NC NURSING SERVICES AND SUPPORT TO TERMINALLY ILL MYELOMA PATIENTS AND THEIR FAMILIES 50,000
    NORTH FULTON COMMUNITY CHARITIES
    11270 ELKINS ROAD
    ROSWELL,GA30076     		N/A PC HOLIDAY PROGRAM SUPPORT 50,000
    OPERATION HOMEFRONT
    731 PEACHTREE STREET NE SUITE A
    ATLANTA,GA30308     		N/A PC HOLIDAY PROGRAM SUPPORT 50,000
    PLANNED PARENTHOOD SOUTHEAST INC
    241 PEACHTREE STREET SUITE 400
    ATLANTA,GA30303     		N/A PC SPECIAL PROJECT SUPPORT 400,000
    PROSTATE CANCER FOUNDATION
    1250 4TH STREET
    SANTA MONICA,CA90401     		N/A PC IMMUNOTHERAPY AND VA PRECISION ONCOLOGY SUPPORT 500,000
    REACH PREP INC
    1 DOCK STREET SUITE 100
    STAMFORD,CT06902     		N/A PC GENERAL OPERATING SUPPORT 25,000
    RUBY VALLEY FOOD PANTRY
    PO BOX 637
    SHERIDAN,MT59749     		N/A PC HOLIDAY PROGRAM SUPPORT 5,000
    SOUTHEASTERN GUIDE DOGS INC
    4210 77TH STREET EAST
    PALMETTO,FL34221     		N/A PC GENERAL OPERATING SUPPORT 15,000
    THE LIVESTRONG FOUNDATION
    623 W 38TH STREET SUITE 300
    AUSTIN,TX78705     		N/A PC GENERAL OPERATING SUPPORT 50,000
    THE WILDERNESS SOCIETY
    1615 M STREET NW
    WASHINGTON,DC20036     		N/A PC GENERAL OPERATING SUPPORT 50,000
    TWIN BRIDGES SENIOR & COMMUNITY CENTER INC
    PO BOX 7
    TWIN BRIDGES,MT59754     		N/A PC HOLIDAY PROGRAM SUPPORT 10,000
    UNIVERSITY OF DENVER
    2199 S UNIVERSITY BLVD 107A
    DENVER,CO80210     		N/A PC SPECIAL PROJECT SUPPORT 300,000
    UPPER HUNTER WHERE THERES A WILL PTY LTD
    PO BOX 598
    SCONE,NSW, 2337  
    AS     		N/A NC SUPPORT STUDENT LEADERSHIP PROJECT 25,000
    WESTMEAD HOSPITAL FOUNDATION
    166 HAWKESBURY ROAD
    WESTMEAD,NSW, 2145  
    AS     		N/A NC SUPPORT ADVANCING RESEARCH, EDUCATION AND CARE FOR KIDNEY AND PANCREAS TRANSPLANT RECIPIENTS 500,000
    Total .................................bullet 3a 6,615,000
    bApproved for future payment
    WESTMEAD HOSPITAL FOUNDATION
    166 HAWKESBURY ROAD
    WESTMEAD,NSW, 2145  
    AS     		N/A NC PROGRAM SUPPORT 500,000
    Total .................................bullet 3b 500,000
    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 12,998,602  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 16,686,920 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,686,920
    (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:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 30,395 0   30,395

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    HUNTER MEDICAL RESEARCH INSTITUE (HMRI)
          		LOT 1 KOOKABURRA CCT
    NEW LAMBTON,NSW, 2305  
    AS     		2017-10-19 2,500,000 DEVELOP, IMPLEMENT AND EVALUATE AN EVIDENCE-BASED EDUCATION PROGRAM FOR PARAMEDICS, RELATED TELEHEALTH TECHNOLOGIES AND A MODEL OF CARE WHICH ENABLES 'ADVANCED OUT OF HOSPITAL CARE.' THE $2,500,000 PLEDGE IS PAYABLE OVER FIVE YEARS (2017-2022). THE FIRST PAYMENT OF $500,000 MADE ON OCTOBER 19, 2017. THE SECOND PAYMENT OF $500,000 WAS MADE ON NOVEMBER 7, 2018. THE THIRD PAYMENT OF $500,000 WAS MADE ON 11/26/19. THE FOURTH PAYMENT OF $500,000 WAS MADE ON 12/2/20. THE FIFTH AND FINAL PAYMENT OF $500,000 WAS MADE ON 12/14/21.SEE BELOW FOR DATES OF PRIMARY REPORTS RECEIVED. SECONDARY REPORTS BY GRANTEE WERE ISSUED ON: 9/30/18, 9/30/19, AND 9/21/20. 2,195,422 NONE PRIMARY REPORTS: 3/28/18, 3/27/19, 3/27/20, 3/23/21, 6/30/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    MYELOMA FOUNDATION OF AUSTRALIA
          		335 SWAN STREET
    RICHMOND,VICTORIA, 3121  
    AS     		2021-11-03 50,000 FOR THE PURPOSES OF PROVIDING NURSING SERVICES AND SUPPORT TO TERMINALLY ILL MYELOMA PATIENTS AND THEIR FAMILIES IN AUSTRALIA. 50,000 NONE 10/10/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    UPPER HUNTER WHERE THERES A WILL PTY LTD
          		P O BOX 598
    SCONE,NSW, 2337  
    AS     		2021-12-22 25,000 SUPPORT STUDENT LEADERSHIP PROJECT 25,000 NONE 09/15/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    FRIENDS OF THE MATER FOUNDATION
          		PO BOX 958
    NORTH SYDNEY,NSW, 2059  
    AS     		2021-05-03 25,000 CAPITAL CAMPAIGN SUPPORT 0 NONE 10/4/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    WESTMEAD HOSPITAL FOUNDATION
          		166 HAWKESBURY ROAD
    WESTMEAD,NSW, 2145  
    AS     		2021-11-24 1,000,000 SUPPORT ADVANCING RESEARCH, EDUCATION AND CARE FOR KIDNEY AND PANCREAS TRANSPLANT RECIPIENTS.THE $1,000,000 PLEDGE IS PAYABLE OVER TWO YEARS (2021-2022). THE FIRST PAYMENT OF $500,000 WAS MADE ON NOVEMBER 24, 2021. 0 NONE 9/30/2022   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

    TY 2021 ExplnOfNonFilingWithAGStmt
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Statement:
    PART VII-A, QUESTION 8B THE TRAILSEND FOUNDATION MEETS THE REQUIREMENTS AS SET BY THE OHIO ATTORNEY GENERAL. THE FOUNDATION FILES THE OHIO ANNUAL REPORT WITH THE STATE OF OHIO, IN LIEU OF FORM 990-PF, RETURN OF PRIVATE FOUNDATION.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Name of Bond End of Year Book Value End of Year Fair Market Value
    HONEYWELL INTERNATIONAL 76,877 75,332
    UNION PACIFIC CORP 79,981 82,989
    AMERICAN EXPRESS CO 75,502 75,773
    UNITEDHEALTH GROUP INC 52,736 54,237
    UNITEDHEALTH GROUP INC 80,658 79,412
    US BANCORP 76,113 79,190
    BANK OF AMERICA CORP 50,258 53,162
    US BANCORP 51,089 50,227
    TOTAL CAPITAL INTL SA COMP GUARN GLB 2.700% JAN 25 2023 75,188 76,541
    COMCAST CORP 55,456 54,611
    COMCOST CORP 54,738 56,807
    DUKE ENERGY CAROLINAS 59,225 55,847
    AMERICAN HONDA FINANCE 74,826 77,819
    VISA INC 81,476 79,967
    HOME DEPOT INC 79,375 78,772
    ALTERA CORP 51,358 52,863
    AMAZON INC 75,568 74,305
    AMAZON INC 53,099 52,346
    HOME DEPOT INC 51,177 52,710
    TARGET CORP 76,250 79,537
    BP CAP MARKETS AMERICA 77,166 80,038
    FIFTH THIRD BANCORP 51,892 55,216
    GILEAD SCIENCES INC 75,268 78,851
    STATE STREET CORP 76,368 78,921
    TARGET CORP 77,950 77,322
    LOCKHEED MARTIN CORP 55,125 54,150
    FLORIDA POWER & LIGHT CO 53,416 52,232
    MICROSOFT CORP 49,852 50,021
    JPMORGAN CHASE & CO 49,638 51,360
    ROYAL BANK OF CANADA 75,022 75,069
    QUALCOMM INC 74,521 75,753
    BANK OF NEW YORK MELLON 75,984 78,915
    BANK OF MONTREAL 72,509 76,180
    BANK OF AMERICA CORP 49,610 53,252
    SHELL INTERNATIONAL FIN 52,842 52,321
    PFIZER INC 75,760 80,662
    LAM RESEARCH CORP 54,007 56,032
    JOHNSON & JOHNSON 50,921 52,486
    CHARLES SCHWAB CORP 49,447 48,787
    MORGAN STANLEY 77,358 81,317
    CATERPILLAR INC 79,666 78,731
    NOVARTIS CAPITAL CORP 49,788 50,294
    MARSH & MCLENNAN COS INC 78,765 85,564
    NVIDIA CORP 55,260 53,729
    MASTERCARD INC 49,817 52,621
    MASTERCARD INC 84,483 82,584
    CISCO SYSTEMS INC 66,863 68,969
    CITIGROUP INC 76,251 75,838
    METLIFE INC 50,359 52,782

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VISA INC CL A SHRS 293,636 294,075
    TWILIO INC CL A 276,888 380,263
    VISA INC CL A SHRS 246,565 433,644
    VERTEX PHARMACEUTCLS INC 188,801 208,181
    VERISK ANALYTICS INC 232,090 285,226
    VERIZON COMMUNICATNS COM 204,749 189,394
    VALMONT INDS INC 113,117 218,436
    UNITEDHEALTH GROUP INC 272,659 349,489
    UNITED PARCEL SVC CL B 178,878 345,302
    UBER TECHNOLOGIES INC 389,700 378,209
    ISHARES RS 2000 VALUE 2,339,331 2,379,614
    ORTHO CLINICAL 131,185 169,559
    THERMO FISHER SCIENTIFIC 219,787 301,592
    TEXAS INSTRUMENTS 254,779 402,949
    TERMINIX GLOBAL HOLDINGS INC COM 105,741 134,966
    NVIDIA CORP 160,613 287,640
    FRANKLIN RES INC COM ISIN #US3546131018 110,538 113,531
    ZOETIS INC 138,044 282,831
    JOHNSON AND JOHNSON COM 282,638 339,745
    ISHARES RS 2000 GROWTH 2,315,563 2,332,512
    VISA INC CL A SHRS 271,181 628,459
    PAYCHEX INC 145,789 281,736
    WARNER MUSIC GROUP CORP 132,678 207,696
    PFIZER INC 210,623 327,078
    ISHARES RUSSELL 1000 3,700,764 5,785,543
    ROCHE HLDG LTD SPN ADR FGN 152,775 208,466
    REGENERON PHARMACTCLS 126,382 233,031
    REGAL REXNORD CORP 142,779 253,058
    QUALCOMM INC 73,849 218,164
    PTC INC SHS 81,433 116,789
    PROGRESSIVE CORP OHIO 256,846 266,993
    PIONEER NATURAL RES CO 91,399 184,244
    PHILIP MORRIS INTL INC 142,505 175,940
    WEBSTER FINL CP PV $0.01 217,097 214,984
    STATE STREET CORP 147,822 210,831
    TARGET CORP COM 99,960 332,348
    TELEDYNE TECH INC 61,410 120,582
    TENABLE HOLDINGS INC REG 118,508 179,638
    YUM CHINA HOLDINGS INC 40,907 56,068
    YUM BRANDS INC 62,948 115,115
    WORKDAY INC CL A 56,241 113,916
    WOODWARD INC 163,329 140,985
    WEST PHARMACTL SVCS INC 195,665 272,495
    ISHARES RUSSELL 1000 9,974,042 13,129,080
    MSCI INC 165,397 209,540
    ISHARES MSCI EAFE 2,951,460 3,763,004
    MONSTER BEVERAGE SHS 153,773 263,918
    NORFOLK SOUTHERN CORP 206,898 359,038
    NOMAD FOODS LTD SHS 111,747 126,747
    NISOURCE INC 147,170 197,329
    NINTENDO CO LTD 204,564 168,106
    NIKE INC CL B 173,293 200,504
    NETFLIX COM INC 335,246 686,782
    NESTLE S A REP RG SH ADR 138,392 212,801
    RPM INTERNATIONAL INC 117,382 221,695
    MORNINGSTAR INC 103,400 228,791
    MONOLITHIC PWR SYSTEMS 167,093 217,065
    NOVO NORDISK 45,347 99,904
    MICROSOFT CORP 293,450 382,060
    MICROSOFT CORP 114,011 444,615
    MICROSOFT CORP 109,674 331,948
    MICROCHIP TECHNOLOGY INC 104,495 208,073
    MERCK AND CO INC SHS 201,227 209,840
    MATCH GROUP INC 197,867 378,764
    MARVELL TECHNOLOGY GROUP 147,273 251,184
    MARRIOTT VACATIONS 109,255 107,809
    MADDEN STEVEN LTD 154,350 236,625
    NOVARTIS ADR 218,523 216,226
    NVENT ELEC PLC REG SHS 113,138 180,424
    ISHARES EDGE MSCI USA MOMENTUM FACTOR ETF 1,559,305 2,801,812
    ISHARES EDGE MSCI MIN VOL USA ETF 726,939 980,787
    ISHARES EDGE MSCI MIN VOL USA ETF 5,006,354 7,025,109
    ISHARES EDGE MSCI MIN 1,819,712 2,289,097
    ISHARES EDGE MSCI 3,588,013 5,656,263
    ISHARES CORE U.S. 2,454,374 2,380,070
    NVIDIA CORP 78,146 613,808
    INTUITIVE SURGICAL INC NEW 57,980 121,443
    INTUIT COM 230,171 340,264
    INTUIT COM 176,017 440,606
    INTEL CORP 196,082 204,610
    LPL FINANCIAL HOLDINGS SHS 146,527 168,095
    ILLUMINA INC COM 144,001 185,274
    IDEXX LAB INC DEL $0.10 234,958 287,089
    HOME DEPOT INC 143,745 194,225
    HIGHWOODS PPTYS INC 155,033 158,651
    HAYWARD HLDGS INC 128,269 199,978
    LAMB WESTON HOLDINGS INC 173,752 192,422
    LKQ CORP 143,024 411,626
    LOWE-S COMPANIES INC 189,735 488,527
    ORACLE CORP $0.01 DEL 202,212 378,317
    CISCO SYSTEMS INC COM 105,218 169,071
    SAREPTA THERAPEUTICS INC 195,742 202,072
    ATMOS ENERGY CORP COM 97,530 126,248
    DOMINION RES INC NEW VA 272,914 288,080
    FACEBOOK INC CLASS A COMMON STOCK 172,487 423,801
    DISNEY (WALT) CO COM STK 243,212 284,688
    FACTSET RESH SYS INC 70,330 152,607
    DIAGEO PLC SPSD ADR NEW FGN 229,379 332,852
    DEXCOM INC 186,372 271,160
    CADENCE BANK REG SHS 112,270 121,037
    COLGATE PALMOLIVE 87,892 106,163
    AMERICAN ASSETS TR INC 136,318 136,909
    AUTODESK INC COM ISIN #US0527691069 SED 131,737 347,551
    ATLASSIAN CORP PLC 116,497 345,830
    DOUBLELINE CORE FIXED 5,606,564 5,688,203
    ASHLAND INC NEW 202,895 248,695
    APPLIED INDUSTRL TECH 42,426 61,004
    APPLE INC 129,273 528,626
    ANALOG DEVICES INC COM 168,388 186,140
    AMETEK INC NEW 69,455 162,479
    AMERICAN TOWER REIT INC 273,555 314,730
    AMERICAN FINL GRP HLDGS 151,691 272,306
    AMAZON COM INC COM 259,466 276,750
    AUTOMATIC DATA PROC 35,117 70,029
    DOORDASH INC REG SHS 212,804 204,142
    DOUBLELINE TOTAL RETURN 6,281,211 6,176,569
    AMAZON COM INC COM 183,021 520,157
    ECOLAB INC 154,591 167,966
    COMCAST CORP NEW CL A 210,871 207,460
    FIVERR INTL LTD 127,371 78,226
    CROWN CASTLE INTL CORP 257,297 420,194
    DANAHER CORP DEL COM 259,270 333,616
    FASTENAL COMPANY 128,115 262,134
    CORTEVA INC REG SHS 230,767 239,237
    COSTAR GROUP INC COM 153,179 277,000
    DEERE CO 89,141 212,249
    DYNATRACE INC REG SHS 173,987 197,284
    EXPEDITORS INTL WASH INC 91,101 198,078
    ENPHASE ENERGY INC 97,858 98,605
    ETSY INC COM 134,609 151,944
    EDWARDS LIFESCIENCES CRP 148,224 203,912
    EDWARDS LIFESCIENCES CRP 71,836 225,417
    ENVISTA HOLDINGS CORP 95,803 237,331
    FACEBOOK INC CLASS A COMMON STOCK 196,542 484,680
    AMAZON COM INC COM 320,199 570,172
    ALTRIA GROUP INC 171,649 195,199
    SCHLUMBERGER LTD FGN 147,682 109,917
    FORTIVE CORP 196,036 208,119
    BLACKROCK 3,209,495 2,999,407
    BLACK HILLS CORP 131,155 157,301
    BIO RAD LABS CL A 150,156 176,048
    BIO RAD LABS CL A 37,784 116,358
    BERKSHIRE HATHAWAYINC DEL CL B NEW 222,132 335,478
    BERKLEY W R CORP 94,094 127,952
    FLOOR AND DECOR HLDGS 66,346 223,877
    10X GENOMICS INC REG SHS 103,534 105,448
    SALESFORCE COM INC 194,571 320,204
    BLACKROCK MULTI-SECTOR 2,427,339 2,108,750
    STARBUCKS CORP 157,494 167,501
    STARBUCKS CORP 133,543 202,475
    SQUARE INC SHS CL A 199,829 140,998
    SQUARE INC SHS CL A 316,454 493,736
    SNOWFLAKE INC REG SHS 128,577 231,705
    SHOPIFY INC CL A 295,563 307,158
    SERVICENOW INC 181,195 225,241
    SERVICENOW INC 129,927 649,110
    SEI INVT CO PA PV $0.01 94,877 107,742
    SEA LTD 162,170 672,696
    BLACKROCK INC 189,497 411,086
    BLACKROCK GLOBAL 4,720,903 4,396,371
    ALPHABET INC SHS CL A 267,794 344,748
    CADENCE DESIGN SYS INC 186,768 251,013
    ALPHABET INC SHS CL C 104,696 344,337
    ALPHABET INC SHS CL A 106,308 344,748
    ALIGN TECH INC DEL COM 122,214 316,761
    ALIBABA GROUP HOLDING LT 178,854 120,215
    AIRBNB INC CL A 114,116 175,813
    AIR PRODUCTS & CHEM 281,987 328,601
    ADOBE SYS DEL PV$ 0.001 221,884 236,464
    AUTODESK INC COM ISIN 214,704 208,924
    AVANTOR INC 105,270 173,490
    CLOUDFLARE INC REG SHS 107,064 110,855
    CLARIVATE ANALYTICS PLC 241,338 255,498
    CISCO SYSTEMS INC COM 233,045 300,247
    CINN FINCL CRP OHIO 136,735 181,491
    CHEVRON CORP 186,213 226,486
    CHARTER COMMUNICATIONS INC NEW CL A 208,395 252,964
    CHAMPIONX 180,291 159,295
    CARVANA CO CL A 114,609 116,359
    CARLISLE COS INC 70,221 161,278
    BOEING COMPANY 304,950 356,538
    ISHARES EDGE MSCI 3,451,761 4,650,770

    TY 2021 InvestmentsOtherSchedule2
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACADIAN ALL COUNTRY WORLD EX US FUND AT COST 2,519,176 3,093,804
    REGIMENT CAPITAL SPECIAL SITUATIONS FUND V, LP AT COST 104,894 33,240
    BDT CAPITAL PARTNERS FUND II, L.P. AT COST 5,335,610 7,456,681
    TTV SC OPPORTUNITY FUND, LP AT COST 999,740 997,397
    TCW DIRECT LENDING, LLC AT COST 383,294 435,038
    FALFURRIAS CAPITAL PARTNERS V, L.P. AT COST 247,932 245,162
    BDT CAPITAL PARTNERS FUND I-A L.P. AT COST 1,464,420 4,810,400
    BDT CAPITAL PARTNERS FUND II-A SPIRITS, L.P. AT COST 89,636 201,690
    FALFURRIAS CAPITAL PARTNERS IV, L.P. AT COST 2,003,191 3,918,082
    GOLUB CAPITAL PARTNERS ROLLOVER FUND 2, L.P. AT COST 3,500,000 3,595,846
    FALFURRIAS CAPITAL PARTNERS III, LP AT COST 1,122,921 6,977,560
    TTV FUND V, L.P. AT COST 952,208 1,999,714
    FALFURRIAS CAPITAL PARTNERS II, LP AT COST 421,211 248,393
    TTV GL OPPORTUNITY INVESTMENT FUND LP AT COST 998,174 1,595,157
    TTV GL OPPORTUNITY INVESTMENT FUND II LP AT COST 333,234 332,078
    TTV SA OPPORTUNITY INVESTMENT FUND II, LP AT COST 1,199,391 1,196,432
    TTV FUND IV, L.P. AT COST 1,462,419 4,772,037

    TY 2021 LegalFeesSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 50 0   50


    TY 2021 OtherAssetsSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST RECEIVABLE 34,821 24,811 24,811
    DIVIDEND RECEIVABLE 38,689 95,846 95,846


    TY 2021 OtherExpensesSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSE 111 0   111
    BANK FEES 2,030 2,030   0
    STATE FILING FEE 225 0   425


    TY 2021 OtherIncomeSchedule2
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 8,699 8,699 8,699
    PARTNERSHIPS INCOME 330,315 330,315 330,315


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 841,400 841,400   0
    CONSULTING FEES 12,825 0   12,825


    TY 2021 TaxesSchedule
    Name:
    TRAILSEND FOUNDATION
    EIN:
    23-7256190
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 8,003 8,003   0
    FEDERAL INCOME TAXES 220,000 0   0