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
ANN PEPPERS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)625 FAIR OAKS AVENUE 360
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SOUTH PASADENA, CA91030
A Employer identification number

95-2114455
B Telephone number (see instructions)

(626) 441-5188
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$47,005,180J 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... 589,292 589,292  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 902,052
b Gross sales price for all assets on line 6a 8,651,394
7 Capital gain net income (from Part IV, line 2)... 890,190
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 27 2,130 0
12 Total. Add lines 1 through 11........ 1,491,371 1,481,612 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 72,000 18,000 0 54,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 17,800 2,700 0 13,350
c Other professional fees (attach schedule).... Click to see attachment 596,888 322,344 0 274,544
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 124,991 2,734 0 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 7,132 0 0 7,132
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 818,811 345,778 0 349,026
25 Contributions, gifts, grants paid....... 1,937,527 1,513,000
26 Total expenses and disbursements. Add lines 24 and 25 2,756,338 345,778 0 1,862,026
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,264,967
b Net investment income (if negative, enter -0-) 1,135,834
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 97,617    
2 Savings and temporary cash investments......... 965,876 973,349 973,349
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..........   11,746 11,746
10a Investments—U.S. and state government obligations (attach schedule) 2,629,168 Click to see attachment1,897,598 1,897,598
b Investments—corporate stock (attach schedule)....... 29,782,364 Click to see attachment37,085,403 37,085,403
c Investments—corporate bonds (attach schedule)....... 5,568,216 Click to see attachment4,493,034 4,493,034
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,082,281 Click to see attachment2,438,203 2,438,203
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment264 Click to see attachment105,847 Click to see attachment105,847
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 40,125,786 47,005,180 47,005,180
Liabilities 17 Accounts payable and accrued expenses.......... 45,866 52,971
18 Grants payable.................   424,527
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) Click to see attachment229,570 Click to see attachment333,402
23 Total liabilities (add lines 17 through 22)......... 275,436 810,900
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........... 39,850,350 46,194,280
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)..... 39,850,350 46,194,280
30 Total liabilities and net assets/fund balances (see instructions). 40,125,786 47,005,180
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
39,850,350
2
Enter amount from Part I, line 27a .....................
2
-1,264,967
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,608,897
4
Add lines 1, 2, and 3 ..........................
4
46,194,280
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
46,194,280
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 SALE OF PUBLICLY TRADED SECURITIES   2021-01-01 2021-12-31
b WTC MULTI STRATEGY FUND OFFSHORE LLC P 2021-01-01 2021-12-31
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 8,651,394   7,749,342 902,052
b       -11,862
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       902,052
b       -11,862
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 890,190
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 15,788
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 15,788
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 27,557
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 27,557
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 11,769
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet11,769 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)
    bulletCA
    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 instructionsClick to see attachment.................
    12
    Yes
     
    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 ofbulletWHITTIER TRUST COMPANY Telephone no.bullet (626) 441-5188

    Located atbullet625 FAIR OAKS AVENUE 360SOUTH PASADENACA ZIP+4bullet91030
    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
    PHILIP A SWAN PRESIDENT/DIRECTOR
    3.00     		18,000 0 0
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    JENNIFER F DEVOLL VICE PRESIDENT/DIRECTOR
    3.00     		18,000 0 0
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    LAWAYNE WILLIAMS TREASURER/DIRECTOR
    3.00     		18,000 0 0
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    PEGINE E GRAYSON SECRETARY/EXECUTIVE DIRECTOR
    3.00     		0 0 0
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    MARY J MACHADO SCHAMMEL AUDIT CHAIR/DIRECTOR
    3.00     		18,000 0 0
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    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
    WHITTIER TRUST COMPANY PHILANTHROPIC SVCS & INVESTMENT MGMT 596,888
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    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
    41,515,427
    b
    Average of monthly cash balances.......................
    1b
    865,005
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,152,370
    d
    Total (add lines 1a, b, and c).........................
    1d
    44,532,802
    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
    44,532,802
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    667,992
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    43,864,810
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,193,241
    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
    2,193,241
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    15,788
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    15,788
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,177,453
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,177,453
    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
    2,177,453
    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 2,177,453
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 78,126
    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$ 1,862,026
    a Applied to 2020, but not more than line 2a 78,126
    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..... 1,783,900
    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 ..........     		393,553
    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 e-mail address of the person to whom applications should be addressed:
    WHITTIER TRUST PHILANTHROPIC SERVIC
    625 FAIR OAKS AVENUE STE 360
    SOUTH PASADENA,CA91030
    (626) 441-5188
    bThe form in which applications should be submitted and information and materials they should include:
    FOR SUBMISSION GUIDELINES AND FORMAT, PLEASE CONTACT WHITTIER TRUST PHILANTHROPIC SERVICES.
    cAny submission deadlines:
    FOR SUBMISSION GUIDELINES AND FORMAT, PLEASE CONTACT WHITTIER TRUST PHILANTHROPIC SERVICES.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE MADE IN SUPPORT OF EDUCATION, SOCIAL SERVICES AND ARTS IN THE LOS ANGELES COUNTY AREA.
    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
    PASADENA CITY COLLEGE FOUNDATION
    1570 E COLORADO BLVD
    PASADENA,CA91106     		NONE PC SCHOLARS PROGRAM PLANNING GRANT & SCHOLARSHIP PROGRAM FOR PUSD GRADUATES 118,000
    DOOR OF HOPE
    669 N LOS ROBLES AVE
    PASADENA,CA91105     		NONE PC GENERAL OPERATING SUPPORT 75,000
    PLANNED PARENTHOOD PASADENA AND SAN GABRIEL VALLEY
    2333 LAKE AVENUE
    ALTADENA,CA91001     		NONE PC SUPPORT PASADENA PUBLIC HEALTH DEPARTMENT 16-WEEK VACCINATION PROGRAM & STI INITIATIVE 65,000
    SAINT JUSTIN EDUCATION FUND FOR LOS ANGELESASCENDING LIGHTS
    PO BOX 27790
    LOS ANGELES,CA90027     		NONE PC FUNDING FOR TWO SCHOLARS 54,000
    CALIFORNIA COMMUNITY FOUNDATION
    221 S FIGUEROA STREET 400
    LOS ANGELES,CA90012     		NONE PC LA ARTS RECOVERY FUND 50,000
    THE SALVATION ARMY
    180 E OCEAN BLVD SUITE 500
    LONG BEACH,CA90802     		NONE PC CAPITAL SUPPORT FOR PASADENA HOPE CENTER 50,000
    PROFESSIONAL CHILD DEVELOPMENT ASSOCIATES
    620 N LAKE AVENUE
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 45,750
    ARROYOS & FOOTHILLS CONSERVANCY
    PO BOX 1
    PASADENA,CA91102     		NONE PC GENERAL OPERATING SUPPORT AND CONSERVATION THROUGH EDUCATION PROGRAM 40,750
    PASADENA EDUCATIONAL FOUNDATION
    351 SOUTH HUDSON AVENUE
    PASADENA,CA91101     		NONE PC SUPPORT STUDENT SUCCESS FOR DISTANCE LEARNERS & SUMMER LEARNING AND ENRICHMENT PROGRAMS 36,500
    COLLEGE ACCESS PLAN
    871 E WASHINGTON BLVD
    PASADENA,CA91104     		NONE PC GENERAL OPERATING SUPPORT 35,000
    A NOISE WITHIN
    3352 E FOOTHILL BLVD
    PASADENA,CA91107     		NONE PC EDUCATION PROGRAM 30,000
    ARMORY CENTER FOR THE ARTS
    145 NORTH RAYMOND AVENUE
    PASADENA,CA91103     		NONE PC GENERAL OPERATING SUPPORT 30,000
    INNER-CITY ARTS
    720 KOHLER STREET
    LOS ANGELES,CA90021     		NONE PC GENERAL OPERATING SUPPORT 30,000
    LOS ANGELES CHILDREN'S CHORUS
    585 E COLORADO BLVD
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT FOR 2021/22 SEASON AND SCHOLARSHIPS 30,000
    LOS ANGELES MASTER CHORALE ASSOCIATION
    135 NORTH GRAND AVENUE
    LOS ANGELES,CA90012     		NONE PC 2022 HIGH SCHOOL CHOIR FESTIVAL 30,000
    PASADENA CONSERVATORY OF MUSIC (PCM)
    100 NORTH HILL AVENUE
    PASADENA,CA91106     		NONE PC MUSIC EDUCATION AND PERFORMANCE PROGRAMS 30,000
    PASADENA PLAYHOUSE STATE THEATER OF CALIFORNIA INC
    39 SOUTH EL MOLINO AVENUE
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 30,000
    PASADENA SYMPHONY ASSOCIATION
    150 S LOS ROBLES AVE SUITE 460
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 30,000
    A PLACE CALLED HOME
    2830 SOUTH CENTRAL AVENUE
    LOS ANGELES,CA90011     		NONE PC ARTS AND CREATIVE EXPRESSIONS PROGRAM 25,000
    BOYS AND GIRLS CLUB OF WEST SAN GABRIEL VALLEY
    328 S RAMONA AVE
    MONTEREY PARK,CA91754     		NONE PC EDUCATION FOR LIFE PROGRAM 25,000
    CANCER SUPPORT COMMUNITY PASADENA
    76 EAST DEL MAR BLVD SUITE 215
    PASADENA,CA91105     		NONE PC GENERAL OPERATING SUPPORT 25,000
    CASA DE LAS AMIGAS DBA CASA TREATMENT CENTER
    160 N EL MOLINO AVENUE
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 25,000
    FAMILIES FORWARD (FORMERLY MOTHER'S CLUB)
    980 N FAIR OAKS AVE
    PASADENA,CA91103     		NONE PC GENERAL OPERATING SUPPORT 25,000
    FAMILY HOPE (DBA ELIZABETH HOUSE)
    PO BOX 94077
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 25,000
    FOCUSING PHILANTHROPY - READING PARTNERS
    1637 16TH STREET
    SANTA MONICA,CA90404     		NONE PC 2021 LOS ANGELES & PASADENA GROWTH AND INNOVATION CAMPAIGN 25,000
    FUND FOR PARTNERSHIP FOR SUCCESS
    1030 E CALIFORNIA BLVD
    PASADENA,CA91106     		NONE PC PROGRAM SUPPORT 25,000
    MUSEIQUE
    300 E GREEN STREET 3RD FLOOR
    PASADENA,CA91101     		NONE PC COMMUNITY ENGAGEMENT AND SCHOOL-BASED PROGRAMS 25,000
    NEW VILLAGE GIRLS ACADEMY NEW VILLAGE CHARTER SCHOOL INC
    147 N OCCIDENTAL BOULEVARD
    LOS ANGELES,CA90026     		NONE PC PROGRAM SUPPORT 25,000
    PARTNERS IN CARE FOUNDATION
    732 MOTT STREET SUITE 150
    SAN FERNANDO,CA91340     		NONE PC GENERAL OPERATING SUPPORT 25,000
    SOUTH PASADENA SAN MARINO YMCA
    1605 GARFIELD AVE
    SOUTH PASADENA,CA91030     		NONE PC YOUTH IN GOVERNMENT PROGRAM 25,000
    THE FROSTIG CENTER
    971 N ALTADENA DRIVE
    PASADENA,CA91107     		NONE PC PROGRAM SUPPORT FOR FROSTIG SCHOOL 25,000
    THE HUNTINGTON LIBRARY ART COLLECTIONS AND BOTANICAL GARDENS
    1151 OXFORD ROAD
    SAN MARINO,CA91108     		NONE PC K-12 EDUCATION PROGRAMS 25,000
    UNION STATION HOMELESS SERVICES
    825 E ORANGE GROVE BLVD
    PASADENA,CA91104     		NONE PC GENERAL OPERATING SUPPORT 25,000
    VILLA ESPERANZA SERVICES
    2116 EAST VILLA STREET
    PASADENA,CA91107     		NONE PC GENERAL OPERATING SUPPORT 25,000
    WAYFINDER FAMILY SERVICES
    5300 ANGELES VISTA BLVD
    LOS ANGELES,CA90043     		NONE PC EARLY INTERVENTION PROGRAM 25,000
    YOUNG & HEALTHY
    136 WEST PEORIA STREET
    PASADENA,CA91103     		NONE PC GENERAL OPERATING SUPPORT 25,000
    BOY SCOUTS OF AMERICA GREATER LOS ANGELES AREA COUNCIL
    2333 SCOUT WAY
    LOS ANGELES,CA90026     		NONE PC SCOUTREACH PROGRAM IN NORTHWEST PASADENA 20,000
    CONVALESCENT AID SOCIETY
    3255 E FOOTHILL BLVD
    PASADENA,CA91222     		NONE PC GENERAL OPERATING SUPPORT 20,000
    FLINTRIDGE CENTER
    236 WEST MOUNTAIN STREET SUITE 106
    PASADENA,CA91103     		NONE PC YOUTH OF PROMISE PROGRAM 20,000
    JERICHO ROAD PASADENA
    75 SOUTH GRAND AVENUE
    PASADENA,CA91105     		NONE PC GENERAL OPERATING SUPPORT 20,000
    LOS ANGELES ARBORETUM FOUNDATION
    301 N BALDWIN AVENUE
    ARCADIA,CA91007     		NONE PC YOUTH EDUCATION PROGRAMS 20,000
    BOYS AND GIRLS CLUB OF PASADENA
    3230 EAST DEL MAR BLVD
    PASADENA,CA91107     		NONE PC GENERAL OPERATING SUPPORT 15,000
    GEORGETOWN UNIVERSITY
    37TH AND O STREETS NW
    WASHINGTON,DC20057     		NONE PC GEORGETOWN INSTITUTE FOR WOMEN, PEACE & SECURITY FY 2021 15,000
    PASADENA SENIOR CENTER
    85 EAST HOLLY STREET
    PASADENA,CA91103     		NONE PC SUPPORT SENIOR FOOD PROGRAM COVID-19 RELIEF 15,000
    SALASTINA
    PO BOX 4164
    GLENDALE,CA91222     		NONE PC GENERAL OPERATING SUPPORT 15,000
    USC PACIFIC ASIA MUSEUM
    46 NORTH LOS ROBLES AVENUE
    PASADENA,CA91101     		NONE PC K-12 SCHOOL PROGRAM AND LUNAR NEW YEAR FESTIVAL FOR 2021-22 SCHOOL YEAR 15,000
    HUNTINGTON MEDICAL RESEARCH INSTITUTES (HMRI)
    686 SOUTH FAIR OAKS AVENUE
    PASADENA,CA91105     		NONE PC SUMMER STEM PROGRAM FOR HIGH SCHOOL STUDENTS 10,000
    MAYFIELD SENIOR SCHOOL OF THE HOLY CHILD JESUS
    500 BELLEFONTAINE STREET
    PASADENA,CA91105     		NONE PC STRUB HALL: CENTURY 2 CAPITAL CAMPAIGN FOR STEM AND STEAM - M SHAMMEL 10,000
    NACD PACIFIC SOUTHWEST CHAPTER
    409 N PACIFIC COAST HWY 565
    REDONDO BEACH,CA90277     		NONE PC CORPORATE SOCIAL RESPONSIBILITY INITIATIVE 10,000
    PARSON'S NOSE THEATER
    95 N MARENGO AVE SUITE 110
    PASADENA,CA91101     		NONE PC GENERAL OPERATING SUPPORT 10,000
    PASADENA COMMUNITY FOUNDATION
    301 E COLORADO BLVD SUITE 810
    PASADENA,CA91101     		NONE PC TO SUPPORT VARIOUS CHARITABLE PURPOSES 10,000
    SOUTHERN CALIFORNIA PUBLIC RADIO
    474 SOUTH RAYMOND AVENUE
    PASADENA,CA91105     		NONE PC ENVIRONMENTAL REPORTING 10,000
    AMEICAN WOMEN FOR INTERNATIONAL UNDERSTANDING (AWIU)
    1900 E GOLF RD SUITE 950
    SCHAUMBURG,IL60173     		NONE PC SUPPORT THE INTERNATIONAL WOMEN OF COURAGE CELEBRATION 10,000
    UNIVERSITY OF CALIFORNIA SAN DIEGO FOUNDATION (UCSD)
    9500 GILMAN DRIVE MAIL CODE 0937
    LA JOLLA,CA92093     		NONE PC UCSD CENTER FOR COMMERCE AND DIPLOMACY FUND 5,000
    MULTICULTURAL WOMEN EXECUTIVE LEADERSHIP FOUNDATION
    5042 WILSHIRE BLVD 32104
    LOS ANGELES,CA90036     		NONE PC SUPPORT THE LATINO RESTAURANT ASSOCIATION'S PASADENA FOOD HUG PROGRAM - J. DEVOLL 1,500
    SONG FOR CHARLIE
    968 S MADISON AVE
    PASADENA,CA90036     		NONE PC GENERAL OPERATING SUPPORT 1,500
    Total .................................bullet 3a 1,513,000
    bApproved for future payment
    PASADENA CITY COLLEGE FOUNDATION
    1570 E COLORADO BLVD
    PASADENA,CA91106     		NONE PC SCHOLARS PROGRAM PLANNING GRANT 426,000
    Total .................................bullet 3b 426,000
    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 ............     		    18 902,052  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    01 27  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 1,491,371 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,491,371
    (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:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 17,800 2,700 0 13,350

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Name of Bond End of Year Book Value End of Year Fair Market Value
    100000 UNITS ARES CAPITAL CORP NOTE 3.250% 7/15/25 103,322 103,322
    100000 UNITS GENERAL MTRS FINL CO INC PRFD 5.750% 12/31/99 107,000 107,000
    100000 UNITS HOLLYFRONTIER CORP NOTE 5.875% 4/01/26 168,303 168,303
    100000 UNITS JPMORGAN CHASE & CO SDEB 7.750% 07/15/25 120,713 120,713
    105000 UNITS BK OF AMERICA CORP MTNF 4.200% 08/26/24 375,242 375,242
    105000 UNITS DIGNITY HEALTH DEB 3.812%11/01/24 111,160 111,160
    150000 UNITS CITIGROUP INC PRFD 6.250%12/31/99 169,162 169,162
    150000 UNITS FORD MOTOR CREDIT CO LLC NOTE 5.125% 6/16/25 163,125 163,125
    150000 UNITS GOLDMAN SACHS GROUP INC NOTE 3.272% 9/29/25 157,421 157,421
    150000 UNITS ORACLE CORP NOTE 3.250% 11/15/27 158,046 158,046
    166.37 UNITS FH 1761 K PAC FIX 8.500% 11/15/2024 175 175
    18000 UNITS CITIGROUP INC NOTE 5.500% 9/13/25 20,364 20,364
    200000 UNITS EQUINOR ASA DEB 7.150% 11/15/25 241,007 241,007
    200000 UNITS GEORGIA PAC CORP DEB 7.375% 12/01/25 242,615 242,615
    200000 UNITS HSBC HLDGS PLC NOTE 3.803% 03/11/25 209,910 209,910
    200000 UNITS SOUTHWEST AIRLS CO NOTE 5.125% 6/15/27 228,787 228,787
    200000 UNITS WELLS FARGO CO MTN BE MTNF 4.300% 07/22/27 222,960 222,960
    2500 UNITS ARBOR REALTY TRUST INC 6.375% SR D PFD 63,375 63,375
    2500 UNITS KKR REAL ESTATE FIN TR INC 6.5% SER A PFD 64,251 64,251
    250000 UNITS BOEING CO NOTE 4.875% 5/01/25 273,628 273,628
    250000 UNITS CITIGROUP INC PRFD 5.900%12/31/99 257,500 257,500
    350000 UNITS MORGAN STANLEY MTNF 5.000% 11/24/25 391,777 391,777
    50000 UNITS OCCIDENTAL PETE CORP NOTE 3.400% 4/15/26 51,250 51,250
    50000 UNITS WELLS FARGO & CO SDEB 7.574% 08/01/26 62,172 62,172
    55000 UNITS EVERSOURCE ENERGY NOTE 3.350% 3/15/26 57,748 57,748
    60000 UNITS AIR LEASE CORP NOTE 3.250% 3/1/25 62,280 62,280
    60000 UNITS MEAD JOHNSON NUTRITION CO NOTE 4.125%11/15/25 65,399 65,399
    70000 UNITS COLUMBIA PPTY TR OPER PART NOTE 3.650% 8/15/26 76,123 76,123
    70000 UNITS NATWEST GROUP PLC NOTE 6.125% 12/15/22 73,219 73,219
    7500 UNITS FIRST REP BK SAN FRANCISCO C 4.5% DP PFD N 195,000 195,000

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Name of Stock End of Year Book Value End of Year Fair Market Value
    102 UNITS OLD DOMINION FGHT LINES INC COM 36,555 36,555
    103 UNITS OTTER TAIL CORP COM 7,356 7,356
    1045 UNITS PAYPAL HLDGS INC 197,066 197,066
    1054 UNITS AMPHENOL CORP NEW CL A 92,183 92,183
    106 UNITS DIGITAL TURBINE INC. 6,465 6,465
    111 UNITS RLI CORP COM 12,443 12,443
    11190.63 UNITS PIMCO FDS INCOM FD INSTL 133,616 133,616
    1122 UNITS NORFOLK SOUTHERN CORP 334,031 334,031
    1126 UNITS KEYSIGHT TECHNOLOGIES INC 232,530 232,530
    113 UNITS PROGRESS SOFTWARE CORP COM 5,455 5,455
    113 UNITS PING IDENTITY HLDG CORP 2,585 2,585
    119 UNITS SIMPSON MANUFACTURING CO INC COM 16,549 16,549
    19 UNITS FAIR ISAAC & CO INC 8,240 8,240
    1230 UNITS UNITED RENTALS INC 408,717 408,717
    1248 UNITS THERMO FISHER SCIENTIFIC INC COM 832,716 832,716
    1265 UNITS AMERICAN TOWER CORP NEW 370,012 370,012
    127 UNITS CONTINENTAL RESOURCES INC 5,685 5,685
    13 UNITS FACTSET RESH SYS INC COM 6,318 6,318
    130 UNITS EAST WEST BANCORP INC COM 10,228 10,228
    132 UNITS PORTLAND GEN ELEC CO COM NEW 6,985 6,985
    1386 UNITS ACCENTURE PLC IRELAND SHS CLASS A 574,566 574,566
    13862 UNITS APPLE COMPUTER INC COM 2,461,475 2,461,475
    14 UNITS HELEN OF TROY CORP LTD COM 3,423 3,423
    144 UNITS MALIBU BOATS INC 9,897 9,897
    1473 UNITS TEXAS INSTRS INC COM 277,616 277,616
    1490 UNITS SPDR SERIES TRUST S&P BIOTECH 166,820 166,820
    1507 UNITS AMERICAN WTR WKS CO INC NEW COM 284,612 284,612
    151 UNITS MONARCH CASINO & RESORT INC COM 11,166 11,166
    152 UNITS COPRAT INC 23,046 23,046
    162 UNITS PENNYMAC MTG INVT TR COM 2,807 2,807
    1663 UNITS MARSH & MCLENNAN COS INC 289,063 289,063
    172 UNITS BOOT BARN HLDGS INC COM 21,165 21,165
    17458 UNITS VANGUARD EMERGING MARKET EQUITY ETF 863,473 863,473
    1750 UNITS IQVIA HLDGS INC COM 493,745 493,745
    1761 UNITS ISHARES MSCI EAFE INDEX FUND 138,555 138,555
    180 UNITS SYNOVUS FINL CORP COM NEW 8,617 8,617
    18194.11 UNITS DOUBLELINE FDS TR TTL RTN BD I 189,219 189,219
    187 UNITS LYFT INC 7,991 7,991
    192 UNITS OLLIES BARGAIN OUTLT HLDGS I COM 9,828 9,828
    192 UNITS RETAIL OPPORTUNITY INVTS COR COM 3,763 3,763
    1941 UNITS JOHNSON & JOHNSON COM 332,047 332,047
    1958 UNITS DANAHER CORP DEL COM 644,201 644,201
    2019 UNITS PEPSICO INC COM 350,720 350,720
    2019 UNITS AIRBNB INC 336,143 336,143
    207 UNITS GRACO INC COM 16,688 16,688
    21 UNITS RENAISSANCERE HLDGS LTD COM 3,556 3,556
    2164 UNITS MIDCAP SPDR TR UNIT SER 1 1,120,260 1,120,260
    2166 UNITS ELEVANCE HEALTH INC. 1,004,028 1,004,028
    2166 UNITS BERKSHIRE HATHAWAY INC DEL CL B NEW 647,634 647,634
    2166 UNITS EOG RES INC 192,406 192,406
    222 UNITS GENTEX CORP 7,737 7,737
    2343 UNITS HONEYWELL INTL INC COM 488,539 488,539
    2357 UNITS VALERO ENERGY CORP NEW COM 177,034 177,034
    2386 UNITS PHILIP MORRIS INTL INC COM 226,670 226,670
    2426 UNITS CHEVRON CORP COM 284,691 284,691
    2478 EATON CORP PLC SHS 428,248 428,248
    25 UNITS CHARLES RIV LABS INTL INC COM 9,420 9,420
    258 UNITS AVANTOR INC COM 10,872 10,872
    27 UNITS SIGNATURE BANK 8,734 8,734
    2703 UNITS SHERWIN WILLIAMS CO COM 951,888 951,888
    29 UNITS OSHKOSH CORP COM 3,269 3,269
    2900 UNITS SPDR TR SHT TRM HGH YLD 78,735 78,735
    3 UNITS CABLE ONE INC COM 5,290 5,290
    30 UNITS SPS COMM INC 4,271 4,271
    3102 UNITS META PLATFORMS INC 1,043,358 1,043,358
    329 UNITS SPDR SERIES TRUST S&P BIOTECH 36,835 36,835
    3431 UNITS DISNEY WALT CO COM DISNEY 531,428 531,428
    35 UNITS TELEDYNE TECHNOLOGIES INC COM 15,291 15,291
    3542 UNITS MONDELEZ INTL INC CL A 234,870 234,870
    3548 UNITS NESTLE S A SPONSORED ADR 498,033 498,033
    36 UNITS SUN COMMUNITIES INC 7,559 7,559
    3604 UNITS APTIV PLC SHS 594,480 594,480
    3777 UNITS CITIGROUP INC COM NEW 228,093 228,093
    38 UNITS SVB FINANCIAL GROUP COM 25,773 25,773
    39 UNITS DOMINOS PIZZA INC COM 22,009 22,009
    399 UNITS BROADCOM INC 265,498 265,498
    399 UNITS INTUIT 256,645 256,645
    4020 UNITS ABBOTT LABS COM 565,775 565,775
    42 UNITS HOULIHAN LOKEY INC CL A 4,348 4,348
    4245 UNITS MERCK & CO INC 325,337 325,337
    426 UNITS GRAPHIC PACKAGING HLDG CO COM 8,307 8,307
    426 UNITS ISHARES RUSSELL 2000 VALUE 70,737 70,737
    433 UNITS SERVICENOW INC COM 281,065 281,065
    44 UNITS ALEXANDRIA REAL ESTATE EQ IN COM 9,810 9,810
    46 UNITS MONGODB INC CL A 24,350 24,350
    46 UNITS TOPBUILD CORP COM 12,692 12,692
    4613 UNITS VISA INC COM CL A 999,683 999,683
    4852 UNITS BLACKSTONE GROUP INC COM CL A 627,800 627,800
    51 UNITS CURTISS WRIGHT CORP COM 7,072 7,072
    51 UNITS J & J SNACK FOODS CORP COM 8,056 8,056
    51 UNITS WEST PHARMACEUTICAL SVSC INC COM 23,919 23,919
    5119 UNITS RAYTHEON TECHNOLOGIES CORP 440,541 440,541
    5200 UNITS NVIDIA CORP COM 1,529,372 1,529,372
    54 UNITS RPM INTERNATIONAL INC (DELA) 5,454 5,454
    54 UNITS WD-40 CO COM 13,211 13,211
    589 UNITS AMAZON COM INC COM 1,963,926 1,963,926
    589 UNITS APPLIED MATLS INC 92,685 92,685
    5961 UNITS FORTIVE CORP COM 454,765 454,765
    606 UNITS ASML HOLDINGS NV N Y REGISTRY SHS 482,461 482,461
    6255 UNITS J P MORGAN CHASE & CO COM 990,479 990,479
    63 UNITS STERIS PLC SHS USD 15,335 15,335
    65 UNITS FOX FACTORY HLDG CORP COM 11,057 11,057
    658 UNITS S&P GLOBAL INC. 310,530 310,530
    6706 UNITS MICROSOFT CORP COM 2,255,362 2,255,362
    6983 UNITS NIKE INC CL B 1,163,857 1,163,857
    72 UNITS BANK OF HAWAII CORP 6,031 6,031
    72 UNITS GUIDEWIRE SOFTWARE INC COM 8,174 8,174
    745 UNITS ADOBE SYS INC 422,460 422,460
    7537 UNITS TRUIST FINL CORP 441,291 441,291
    77 UNITS MONOLITHIC PWR SYS INC COM 37,986 37,986
    78 UNITS BRIGHT HORIZONS FAM SOL IN D COM 9,819 9,819
    79 UNITS EAGLE MATERIALS INC COM 13,150 13,150
    7971 UNITS TJX COS INC NEW COM 605,158 605,158
    80 UNITS MERITAGE HOMES CORP COM 9,765 9,765
    81 UNITS BROWN & BROWN INC COM 5,693 5,693
    814 UNITS ALPHABET INC CL C 2,355,382 2,355,382
    82 UNITS ICHOR HOLDINGS SHS 3,774 3,774
    83 UNITS SIMON PPTY GROUP INC NEW COM 13,261 13,261
    88 UNITS RBC BEARINGS INC COM 17,773 17,773
    89 UNITS FIRST REP BK SAN FRANCISCO C COM 18,379 18,379
    92 UNITS YETI HLDGS INC 7,620 7,620
    936 UNITS LAUDER ESTEE COS INC CL A 346,507 346,507
    98 UNITS MERCURY SYS INC 5,396 5,396
    988 UNITS CME GROUP INC 225,718 225,718
    99 UNITS HENRY JACK & ASSOC INC COM 16,532 16,532
    9963 UNITS KINDER MORGAN INC DEL COM 158,013 158,013

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    US Government Securities - End of Year Book Value:

    1,074,823
    US Government Securities - End of Year Fair Market Value:

    1,074,823
    State & Local Government Securities - End of Year Book Value:


    822,775
    State & Local Government Securities - End of Year Fair Market Value:


    822,775


    TY 2021 InvestmentsOtherSchedule2
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GLENDOWER CAPITAL SOF IV, LP FMV 789,306 789,306
    WTC MULTI STRATEGY OFFSHORE FMV 1,648,897 1,648,897

    TY 2021 OtherAssetsSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INT. AND DIV. RECEIVABLE 264 105,847 105,847


    TY 2021 OtherExpensesSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE EXPENSE 750 0 0 750
    MISCELLANEOUS EXPENSE 6,382 0 0 6,382


    TY 2021 OtherIncomeSchedule2
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME FROM PARTNERSHIP - WTC MULTI STRATEGY FUND OFFSHORE, LLC   2,103  
    OTHER INCOME 27 27 0


    TY 2021 OtherIncreasesSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Description Amount
    UNREALIZED GAIN 7,608,897


    TY 2021 OtherLiabilitiesSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED EXCISE TAX 227,639 333,402
    FEDERAL EXISE TAX 1,931 0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MGMT FEES 322,344 322,344 0 0
    PHILANTHROPIC SVCS FEES 274,544 0 0 274,544


    TY 2021 TaxesSchedule
    Name:
    ANN PEPPERS FOUNDATION
    EIN:
    95-2114455
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,734 2,734 0 0
    FEDERAL EXCISE TAX 122,087 0 0 0
    FILING FEES 170 0 0 0