TY 2021 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	19,628	19,524	19,524
	2	Savings and temporary cash investments.........	13,192	55,170	55,170
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)		10,512	10,256
	b	Investments—corporate stock (attach schedule).......	167,481	528,824	788,901
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	221,689	491,982	486,646
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	421,990	1,106,012	1,360,497
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		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	421,990	1,106,012
	29	Total net assets or fund balances (see instructions).....	421,990	1,106,012
	30	Total liabilities and net assets/fund balances (see instructions).	421,990	1,106,012

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

421,990

Enter amount from Part I, line 27a .....................

684,022

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

1,106,012

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

1,106,012

(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	29 Abbvie Inc.	P	2021-04-01	2021-08-27
b	136 Ishares Russell Mid-Cap ETF	P	2020-12-31	2021-08-27
c	72 Northern TR Corp	P	2020-12-31	2021-11-05
d	189 Vanguard Real Estate ETF	P	2020-12-31	2021-05-07
e	20 Viatris Inc	P	2020-12-31	2021-05-07
	139.256 American Funds Europacific Growth	P	2020-12-31	2021-08-27
	258.732 Artisan International Fund #662	P	2020-12-31	2021-08-27
	.125 General Electric Company	P	2015-08-20	2021-08-13
	282.372 Janus Henderson Small Cap Value	P	2017-11-28	2021-05-10
	35 Microsoft Corp	P	2020-12-31	2021-11-23
	40 Northern TR Corp	P	2020-01-16	2021-11-05
	125 Vanguard Real Estate ETF	P	2020-01-16	2021-05-07
	19 Viatris Inc	P	2020-12-31	2021-03-11
	795.545 Virtus Vontobel Emerging Mkts Opp Fd	P	2020-12-31	2021-08-27
	Capital Gain Dividends

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,486	3,094	392
b	11,167	9,815	1,352
c	8,876	7,095	1,781
d	18,560	16,426	2,134
e	280	278	2
	10,000	7,743	2,257
	10,000	8,729	1,271
	13	25	-12
	7,248	7,000	248
	11,781	5,370	6,411
	4,932	3,026	1,906
	12,275	9,785	2,490
	268	280	-12
	10,000	9,366	634
			21,093

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			392
b			1,352
c			1,781
d			2,134
e			2
			2,257
			1,271
			-12
			248
			6,411
			1,906
			2,490
			-12
			634

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	41,947
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 ...................		3	5,660

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	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
3	Add lines 1 and 2...........................	3	873
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	873
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	2,271
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,271
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,398
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax1,398	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
Paul Martin	President/Dir 0.50	0
808 Alexandria Owensboro,KY42303
Marcia Carpenter	Director 0.50	0
1649 Griffith Avenue Owensboro,KY42301
Don P Moore	Director 0.50	0
321 Llwyds Lane Vero Beach,FL32963
R Mitch Settle	Director 0.75	0
2057 Bittel Road Owensboro,KY42301
Michael R Wurth	Sec/Treasurer 0.25	0
1700 Brentwood Drive Owensboro,KY42301

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

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

		(a) Corpus	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			52,939
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......	17,234
b From 2017......	17,418
c From 2018......	5,267
d From 2019......	31,385
e From 2020......	25,234
f Total of lines 3a through e ........		96,538
4Qualifying distributions for 2021 from Part
XI, line 4: $ 48,074
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....			48,074
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.		4,865	4,865
(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		91,673
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
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) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		12,369
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		79,304
10 Analysis of line 9:
a Excess from 2017....	17,418
b Excess from 2018....	5,267
c Excess from 2019....	31,385
d Excess from 2020....	25,234
e Excess from 2021....

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	(e) Total

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

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:

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Owensboro Family Y 900 Kentucky Parkway Owensboro,KY42301	None	501(c)3	Provide membership scholarships to the needy.	10,000
Fresh Start for Women Inc PO Box 1386 Owensboro,KY42302	None	501(c)3	To fabricate and install an exterior staircase on the southeast corner of the apartment complex.	15,000
Dream Riders of Kentucky 4705 Winkler Road Philpot,KY42366	None	501(c)3	Provide the "Be Well Opportunity Room", an area for participants, parents, and volunteers to stretch, improve their postural awareness, relax and decompress in an inclusive environment.	9,274
Wendell Foster Center 815 Triplett Street Owensboro,KY42303	None	501(c)3	Purchase of 2 outdoor swings.	1,300
Girls Inc of Owensboro Daviess Coun 2130-G East 19th Street Owensboro,KY42303	None	501(c)3	Programming for mental health.	7,500
Habitat for Humanity of Owensboro 2930 West 4th Street Owensboro,KY42301	None	501(c)3	House construction.	5,000
Total ................................. 3a				48,074

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	675,722
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	20,851		20,851	20,851
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		41,947
b	Gross sales price for all assets on line 6a 129,979
7	Capital gain net income (from Part IV, line 2)...			41,947
8	Net short-term capital gain.........				5,660
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).......
12	Total. Add lines 1 through 11........	738,520		62,798	26,511
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		4,104
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		790
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		1,530
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	6,424		0		0
25	Contributions, gifts, grants paid.......	48,074				48,074
26	Total expenses and disbursements. Add lines 24 and 25	54,498		0		48,074
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	684,022
b	Net investment income (if negative, enter -0-)			62,798
c	Adjusted net income (if negative, enter -0-)...				26,511

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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	(e) Related or exempt function income (See instructions.)
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 ............					41,947
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) ..					62,798

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.


(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...................

bApproved for future payment

Total ................................. 3b

Name of organization The Greenwell Foundation Inc

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	George Lee Greenwell IRA 500 West Jefferson St Ste 260 Louisville, KY40202	$ 48,067	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	George Lee Greenwell IRA 500 West Jefferson St Ste 260 Louisville, KY40202	$ 627,655	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization The Greenwell Foundation Inc		Employer identification number 26-1337900

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
2	Marketable securities	$ 627,655
(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)


Name of organization The Greenwell Foundation Inc			Employer identification number 26-1337900
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.) $ Use duplicate copies of Part III if additional space is needed.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Expeditors Intl 153 shs	11,758	20,546
Fastenal Co 443 shs	15,838	28,379
General Electric Co 197 shs	21,491	18,611
Union Pacific Corp 83 shs	13,705	20,910
Alphabet Inc 16 shs	23,846	46,297
Walt Disney Co 205 shs	31,161	31,752
Meta Platform Inc 55 shs	12,745	18,499
Omnicom Group Inc 221 shs	15,330	16,193
Carmax Inc 163 shs	15,823	21,227
Home Depot 132 shs	26,805	54,781
O Reilly Automotive Inc 38 shs	13,783	26,837
TJX Cos Inc 284 shs	15,669	21,561
Bank of America Corp 350 shs	11,748	15,572
Berkshire Hathaway Inc 148 shs	32,441	44,252
JP Morgan Chase & Co 369 shs	47,422	58,431
Progressive Corp 440 shs	32,011	45,166
Charles Schwab Corp 533 shs	28,782	44,825
US Bancorp 392 shs	19,132	22,019
Wells Fargo & Co 323 shs	13,666	15,498
Johnson & Johnson 215 shs	30,721	36,780
Pfizer Inc 322 shs	10,891	19,014
TE Connectivity LTD 198 shs	20,345	31,945
Apple Inc 360 shs	29,994	63,925
Cisco Sys Inc 217 shs	8,652	13,751
Microsoft Corp 155 shs	25,065	52,130

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Dodge & Cox Income Fund 5287.764 shs	FMV	72,973	74,346
Artisan Intl Institutional 1576.8 shs	FMV	51,990	48,329
American Funds Europacific 859.475 shs	FMV	54,377	55,694
Virtus Vontobel Emerging 4206.308 shs	FMV	53,435	42,315
Ishares Russell Mid-Cap 150 shs	FMV	10,825	12,452
Ishares Core S&P Small Cap 455 shs	FMV	43,578	52,102
Apple Inc Sr Glbl Int 2.85% 10,000	FMV	10,715	10,209
Cisco Sys Inc 3.00% 20,000	FMV	20,778	20,221
Wells Fargo Co Mtn Fr 4.125% 20,000	FMV	22,107	20,974
Schlumberger Invt Sa Sr Nt 3.65% 10,000	FMV	10,790	10,445
Johnson Institutional Short 9,211.828 sh	FMV	140,414	139,559

Software ID:	21013475
Software Version:	2021v4.1