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
THE ASLAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)5107 HOMBERG DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
KNOXVILLE, TN37919
A Employer identification number

62-1520208
B Telephone number (see instructions)

(865) 524-6360
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$126,994,337J 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) 602,438
2 Check bullet.............
3 Interest on savings and temporary cash investments 70,034 63,784  
4 Dividends and interest from securities... 1,599,694 1,599,694  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,334,464
b Gross sales price for all assets on line 6a 9,888,264
7 Capital gain net income (from Part IV, line 2)... 9,334,464
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 32,205 3,882  
12 Total. Add lines 1 through 11........ 11,638,835 11,001,824  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 711,532 13,341   698,191
15 Pension plans, employee benefits....... 81,321 1,513   79,808
16a Legal fees (attach schedule)......... Click to see attachment 40,326     44,398
b Accounting fees (attach schedule)....... Click to see attachment 38,985 13,761   23,744
c Other professional fees (attach schedule).... Click to see attachment 309,653 181,707   122,991
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 229,286 28,341   51,509
19 Depreciation (attach schedule) and depletion... Click to see attachment 882,201    
20 Occupancy.............. 12,000     12,000
21 Travel, conferences, and meetings....... 16,645     15,630
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 958,978 34,574   928,663
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,280,927 273,237   1,976,934
25 Contributions, gifts, grants paid....... 1,669,857 1,172,958
26 Total expenses and disbursements. Add lines 24 and 25 4,950,784 273,237   3,149,892
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,688,051
b Net investment income (if negative, enter -0-) 10,728,587
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............. 58,866 327,436 327,436
2 Savings and temporary cash investments......... 1,247,296 1,378,066 1,378,066
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................   46,123 46,123
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.......... 104,015 108,835 108,835
10a Investments—U.S. and state government obligations (attach schedule) 1,527,979 Click to see attachment1,243,876 1,243,876
b Investments—corporate stock (attach schedule)....... 62,973,450 Click to see attachment68,800,902 68,800,902
c Investments—corporate bonds (attach schedule)....... 16,534,710 Click to see attachment16,501,223 16,501,223
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,507,637 Click to see attachment872,761 872,761
14 Land, buildings, and equipment: basis bullet37,693,953
Less: accumulated depreciation (attach schedule) bullet2,691,105 32,939,832 Click to see attachment35,002,848 37,693,953
15 Other assets (describe bullet) Click to see attachment15,393 Click to see attachment21,162 Click to see attachment21,162
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 116,909,178 124,303,232 126,994,337
Liabilities 17 Accounts payable and accrued expenses.......... 63,028 61,843
18 Grants payable................. 1,071,470 1,568,369
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 attachment750 Click to see attachment20,842
23 Total liabilities (add lines 17 through 22)......... 1,135,248 1,651,054
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........... 115,773,930 122,652,178
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)..... 115,773,930 122,652,178
30 Total liabilities and net assets/fund balances (see instructions). 116,909,178 124,303,232
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
115,773,930
2
Enter amount from Part I, line 27a .....................
2
6,688,051
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
190,197
4
Add lines 1, 2, and 3 ..........................
4
122,652,178
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
122,652,178
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 FAIRWAY R.A.F.I LP SECTION 1231 P    
b OVATION ALT INC FUND LP SECTION 1231 P    
c RCP FUND V LP SECTION 1231 P    
d SCHWAB 4350 CAPITAL GAIN DISTRIB P    
e SCHWAB 4350 GAINS P    
SCHWAB 6712 LOSSES P    
SALE OF REAL ESTATE P    
LOSS ON ABANDONED ASSETS P    
FAIRWAY R.A.F I LP CAPITAL GAIN P    
RCP FUND V LP CAPITAL GAIN P    
OVATION ALT INC FUND LP CAPITAL GAIN 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 269     269
b 11,565     11,565
c 40     40
d 38,948     38,948
e 9,317,620     9,317,620
    94,010 -94,010
477,280   453,907 23,373
    5,883 -5,883
13,336     13,336
26,874     26,874
2,332     2,332
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       269
b       11,565
c       40
d       38,948
e       9,317,620
      -94,010
      23,373
      -5,883
      13,336
      26,874
      2,332
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 9,334,464
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  
3 Add lines 1 and 2........................... 3 149,127
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- ..... 5 149,127
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 156,582
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 168,582
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 19,455
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet19,455 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.ASLANFOUNDATION.ORG
    14
    The books are in care ofbulletSTEPHANIE MCANINCH Telephone no.bullet (865) 524-6360

    Located atbullet5107 HOMBERGKNOXVILLETN ZIP+4bullet37919
    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
     
     
    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)
    Yes
     
    (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
     
    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
     
     
    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
    LINDSAY Y MCDONOUGH VICE-PRESIDE
    000.00     		0 0 0
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    MARK K WILLIAMS SECRETARY
    000.00     		0 0 0
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    ROBERT S YOUNG PRESIDENT
    000.00     		0 0 0
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    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
    ANDREA BAILEY EXECUTIVE DI
    000.00     		185,413 12,155  
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    SARAH SWINFORD EMPLOYEE
    000.00     		95,830 9,352  
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    RANDALL COFFEY EMPLOYEE
    000.00     		83,000 7,740  
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    STEPHANIE MCANINCH FINANCE MGR
    000.00     		77,300 8,046  
    5107 HOMBERG
    KNOXVILLE,TN37919
    JOHN WORLEY PROPERTY MGR
    000.00     		58,626 10,712  
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    Total number of other employees paid over $50,000...................bullet  
    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
    SANDERS PACE ARCHITECTURE ARCHITECTURE 901,110
    514 W JACKSON AVENUE
    KNOXVILLE,TN37902
    HICKORY CONSTRUCTION INC CONSTRUCTION 459,870
    124 KENT PLACE
    ALCOA,TN37701
    JOHNSON & GALYON INC CONSTRUCTION 356,243
    PO BOX 3070
    KNOXVILLE,TN37927
    GREENSTALK LANDSCAPING 217,525
    300 FOX ROAD
    KNOXVILLE,TN37922
    EVERGREEN TIMBER WORKS LANDSCAPING 151,264
    5603 SOUTH BRISCOE CIRCLE
    KNOXVILLE,TN37922
    Total number of others receiving over $50,000 for professional services.............bullet4
    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 EUGENIA WILLIAMS PROJECT: RESTORATION OF HISTORIC BUILDING AND GROUNDS TO PRESERVE ITS REGIONAL AND NATIONAL SIGNIFICANCE FOR PUBLIC USE AND BENEFIT. 1,702,288
    2 LOGHAVEN ARTIST RESIDENCY: SERVING ARTISTS BY PROVIDING TIME AND SPACE TO WORK, THEREBY FACILITATING THE CREATION OF NEW WORK FOR THE PUBLIC. 912,459
    3 CANDORO MARBLE BUILDING: REHABILITATION OF HISTORIC BUILDING TO PRESERVE ITS REGIONAL AND NATIONAL SIGNIFICANCE FOR PUBLIC USE AND BENEFIT. 839,961
    4 HIGH GROUND PARK: MAINTENANCE OF HIGH GROUND PARK FOR PUBLIC USE AND BENEFIT. HIGH GROUND PARK PRESERVES THE SITE OF CIVIL WAR FORT HIGLEY AND THE SCENIC VALUE OF A HIGH RIDGE ABOVE THE TENNESSEE RIVER. 140,290
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    85,578,128
    b
    Average of monthly cash balances.......................
    1b
    633,548
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    86,211,676
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    86,211,676
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,293,175
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    84,918,501
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    4,245,925
    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
    4,245,925
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    149,127
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    149,127
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,096,798
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    4,096,798
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    4,096,798
    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 4,096,798
    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......  
    b From 2017......  
    c From 2018...... 1,096,648
    d From 2019...... 8,196,244
    e From 2020...... 5,324,612
    f Total of lines 3a through e ........ 14,617,504
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 5,229,945
    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)........     		 
    d Applied to 2021 distributable amount..... 4,096,798
    e Remaining amount distributed out of corpus 1,133,147
    5 Excess distributions carryover applied to 2021.    
    (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 15,750,651
    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) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		15,750,651
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 1,096,648
    c Excess from 2019.... 8,196,244
    d Excess from 2020.... 5,324,612
    e Excess from 2021.... 1,133,147
    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).)
    ROBERT S YOUNG JR
    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.
    NONE
    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:
    APPLICATIONS TO BE SUBMITTED ONLINE
    5107 HOMBERG DRIVE
    KNOXVILLE,TN37919
    (865) 524-6360
    ASLAN.SMARTSIMPLE.COM
    bThe form in which applications should be submitted and information and materials they should include:
    FOUNDATIONS'S ONLINE GRANT APPLICATION
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    APPALACHIAN MOUNTAIN BIKE CLUB
    123 S GAY STREET
    KNOXVILLE,TN37902     		  501(C)(3) GRANT 25,000
    BIG EARS FESTIVAL
    900 S GAY ST SUITE 1001
    KNOXVILLE,TN37902     		  501(C)(3) GRANT 125,000
    BLOUNT MANSION ASSOCIATION
    PO BOX 1703
    KNOXVILLE,TN37901     		  501(C)(3) GRANT 5,000
    BOYS AND GIRLS CLUB OF TN VALLEY
    967 IRWIN STREET
    KNOXVILLE,TN37917     		  501(C)(3) GRANT 20,000
    IJAMS NATURE CENTER
    2915 ISLAND HOME AVE
    KNOXVILLE,TN37920     		  501(C)(3) GRANT 40,000
    INTERFAITH HEALTH CLINIC
    315 GILL AVE
    KNOXVILLE,TN37917     		  501(C)(3) GRANT 35,000
    KNOXVILLE FAMILY JUSTICE CENTER
    400 HARRIET TUBMAN
    KNOXVILLE,TN37915     		  501(C)(3) GRANT 13,470
    KNOXVILLE HISTORY PROJECT
    516 WEST VINE AVE STE 8
    KNOXVILLE,TN37902     		  501(C)(3) GRANT 15,000
    KNOXVILLE MUSEUM OF ART
    1050 WORLDS FAIR PARK
    KNOXVILLE,TN37902     		  501(C)(3) GRANT 33,000
    KNOXVILLE SYMPHONY ORCHESTRA
    100 S GAY ST SUITE 302
    KNOXVILLE,TN37902     		  501(C)(3) GRANT 35,000
    SECOND HARVEST FOOD BANK
    136 HARVEST LANE
    MARYVILLE,TN37801     		  501(C)(3) GRANT 50,000
    YOUNG-WILLIAMS ANIMAL CENTER
    3201 DIVISION STREET
    KNOXVILLE,TN37919     		  501(C)(3) GRANT 350,000
    A STEP AHEAD
    120 SUBURBAN RD STE 206
    KNOXVILLE,TN37923     		  501(C)(3) GRANT 2,000
    APPALACHIAN MOUNTAIN BIKE CLUB
    123 S GAY STREET
    KNOXVILLE,TN37902     		  501(C)(3) GRANT 400
    BECK CULTURAL
    1927 DANDRIDGE AVE
    KNOXVILLE,TN37915     		  501(C)(3) 2021 MICRO GRANT 2,000
    CONTRIB FROM RCP FUND V K-1
    335 N CLARK ST STE 3500
    CHICAGO,IL60654     		  501(C)(3) CONTRIBUTION 89
    FREE MEDICAL CLINIC OF AMERICA
    6209 CHAPMAN HWY
    KNOXVILLE,TN37920     		  501(C)(3) PANDEMIC RELIEF GRANT 50,000
    GOV JOHN SEVIER MEM ASSOCIATION
    PO BOX 20195
    KNOXVILLE,TN379401195     		  501(C)(3) 2021 MICRO GRANT 2,000
    GREAT SMOKEY MTN INST AT TREMONT
    9275 TREMONT ROAD
    TOWNSEND,TN37882     		  501(C)(3) GRANT 800
    HAZEN HISTORICAL MUSEUM FOUNDATION
    1649 DANDRIDGE AVE
    KNOXVILLE,TN37915     		  501(C)(3) 2021 MICRO GRANT 2,000
    GREATER K'VILLE HEART WALK - AM HRT
    7272 GREENVILLE AVE
    DALLAS,TX75231     		  501(C)(3) CONTRIBUTION 500
    HORSE HAVEN OF TENNESSEE
    2477 FORD ROAD
    LENOIR CITY,TN37772     		  501(C)(3) 2021 MICRO GRANT 2,000
    IJAMS NATURE CENTER
    2915 ISLAND HOME AVE
    KNOXVILLE,TN37920     		  501(C)(3) CONTRIBUTION 250
    INTERFAITH HEALTH CLINIC
    315 GILL AVE
    KNOXVILLE,TN37917     		  501(C)(3) PANDEMIC RELIEF GRANT 69,860
    KEEP KNOXVILLE BEAUTIFUL
    PO BOX 385
    KNOXVILLE,TN37901     		  501(C)(3) MICRO GRANT 2021 2,000
    KNOXVILLE CHILDREN'S THEATRE INC
    109 E CHURCHWELL AVENUE
    KNOXVILLE,TN37917     		  501(C)(3) MICRO GRANT 2021 2,000
    KNOXVILLE FAMILY JUSTICE CENTER
    400 HARRIET TUBMAN
    KNOXVILLE,TN37915     		  501(C)(3) MICRO GRANT 2021 2,000
    KNOXVILLE HISTORY PROJECT
    516 W VINE AVE STE 8
    KNOXVILLE,TN37902     		  501(C)(3) CONTRIBUTION 100
    KNOXVILLE SYMPHONY ORCHESTRA
    100 S GAY STREET STE 302
    KNOXVILLE,TN37902     		  501(C)(3) CONTRIBUTION 308
    LEADERSHIP KNOXVILLE
    17 MARKET SQUARE STE 201
    KNOXVILLE,TN37902     		  501(C)(3) CONTRIBUTION 1,250
    NATIVE PLANT RESCUE SQUAD
    816 GRATZ STREET
    KNOXVILLE,TN37917     		  501(C)(3) MICRO GRANT 2021 2,000
    NOURISH KNOXVILLE
    PO BOX 2422
    KNOXVILLE,TN37901     		  501(C)(3) PANDEMIC RELIEF GRANT 20,000
    SECOND HARVEST FOOD BANK
    136 HARVEST LANE
    MARYVILLE,TN37801     		  501(C)(3) PANDEMIC RELIEF GRANT 30,000
    SHANGRI-LA THERAPEUTIC AC OF RIDING
    11800 US-11 EAST
    LENOIR CITY,TN37772     		  501(C)(3) MICRO GRANT 2021 2,000
    TIGER HAVEN INC
    237 HARVEY ROAD
    KINGSTON,TN377635448     		  501(C)(3) MICRO GRANT 2021 2,000
    TRI STAR ARTS
    4450 CANDORA AVE
    KNOXVILLE,TN37920     		  501(C)(3) GRANT 86,667
    VOLUNTEER MINISTRY CENTER
    511 N BROADWAY
    KNOXVILLE,TN37917     		  501(C)(3) PANDEMIC RELIEF GRANT 90,000
    WESLEY HOUSE COMMUNITY CENTER
    1719 REYNOLDS STREET
    KNOXVILLE,TN37921     		  501(C)(3) MICRO GRANT 2021 2,000
    YOUNG-WILLIAMS ANIMAL CENTER
    3201 DIVISION ST
    KNOXVILLE,TN37919     		  501(C)(3) CONTRIBUTION 240
    ADDOLEY A DZEGEDE
    4646 FRIENDSHIP AVE 11
    PITTSBURGH,PA15224     		N/A INDIVIDUAL ARTIST GRANT 2,000
    ANGELICA NEGRON
    1198 HALSEY ST APT 1
    BROOKLYN,NY11207     		N/A INDIVIDUAL ARTIST GRANT 2,000
    ANN MARIE CARLSON
    1626 MONTANA AVE STE 399
    SANTA MONICA,CA90403     		N/A INDIVIDUAL ARTIST GRANT 6,024
    IDA HARRIS
    542 CENTENNIAL LANE NW
    ATLANTA,GA30313     		N/A INDIVIDUAL ARTIST GRANT 2,000
    JONATHAN GONZALEZ
    5140 WEBSTER ST
    PHILADELPHIA,PA19143     		N/A INDIVIDUAL ARTIST GRANT 3,000
    LARA DOWNES
    3515 COLLEGE AVE
    SACRAMENTO,CA95818     		N/A INDIVIDUAL ARTIST GRANT 6,000
    LAURA AVERY
    614 ALABAMA ST B
    LAWRENCE,KS66044     		N/A INDIVIDUAL ARTIST GRANT 2,000
    LYNDON BARRIOS JR
    4646 FRIENDSHIP AVE 11
    PITTSBURGH,PA15224     		N/A INDIVIDUAL ARTIST GRANT 2,000
    MARK STEVEN GREENFIELD
    1822 LAPAZ ROAD
    ALTADENA,CA91001     		N/A INDIVIDUAL ARTIST GRANT 6,000
    PAULA MATTHUSEN
    26 ORANGE ROAD
    MIDDLETOWN,CT06457     		N/A INDIVIDUAL ARTIST GRANT 3,000
    PHILIP R WHITE
    15 CHARLES ST 9G
    NEW YORK,NY10014     		N/A INDIVIDUAL ARTIST GRANT 1,000
    SEBASTIAN ESCALONA ESPINOZA
    ALBERTO BAINES 1140
    NUNOA SANTIAGO,SANTIAGO777033
    CI     		N/A INDIVIDUAL ARTIST GRANT 4,000
    TIA SIMONE GARDNER
    1479 PORTLAND AVE APT 3
    SAINT PAUL,MN55104     		N/A INDIVIDUAL ARTIST GRANT 6,000
    WANG JIE
    552 RIVERSIDE DR 1D
    NEW YORK,NY10027     		N/A INDIVIDUAL ARTIST GRANT 7,000
    Total .................................bullet 3a 1,172,958
    bApproved for future payment
    AUSTIN EAST FOUNDATION
    PO BOX 52250
    KNOXVILLE,TN37950     		  510(C)(3) GRANT 10,000
    BIG EARS FESTIVAL
    900 SOUTH GAY ST STE 1001
    KNOXVILLE,TN37902     		  501(C)(3) GRANT 750,000
    BOYS AND GIRLS CLUB OF TN VALLEY
    967 IRWIN STREET
    KNOXVILLE,TN37917     		  501(C)(3) GRANT 30,000
    CONSERVATION FISHERIES
    3424 DIVISION STREET
    KNOXVILLE,TN37919     		  501(C)(3) GRANT 10,000
    IJAMS NATURE CENTER
    2915 ISLAND HOME AVENUE
    KNOXVILLE,TN37920     		  501(C)(3) GRANT 25,000
    INTERFAITH HEALTH CLINIC
    315 GILL AVE
    KNOXVILLE,TN37917     		  501(C)(3) GRANT 52,582
    KNOXVILLE MUSEUM OF ART
    1050 WORLDS FAIR PARK
    KNOXVILLE,TN37916     		  501(C)(3) GRANT 150,000
    KNOXVILLE-KNOX COUNTY CAC
    2247 WESTERN AVE
    KNOXVILLE,TN37921     		  501(C)(3) GRANT 81,404
    TRI-STAR ARTS
    4450 CANDORA AVE
    KNOXVILLE,TN37920     		  501(C)(3) GRANT 73,333
    AARON LANDSMAN
    219 E 7TH ST APT 14
    NEW YORK,NY10009     		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
    AMARYLLIS CHANDRA FELDMAN
    23 HAWTHORNE DR
    OBERLIN,OH44074     		N/A INDIVIDUAL ARTIST GRANT - 2022 8,000
    ANN MARIE CARLSON
    1626 MONTANA AVE STE 399
    SANTA MONICA,CA90403     		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
    CARLIE TROSCLAIR
    257 LOCHRIDGE DRIVE
    DURHAM,NC27713     		N/A INDIVIDUAL ARTIST GRANT - 2022 7,850
    DAVID R COTE
    623 W 207TH ST APT 16
    NEW YORK,NY10034     		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
    DORIAN WOOD
    6159 ANNAN WAY
    LOS ANGELES,CA90042     		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
    HRAG VARTANIAN
    22 N 6TH STREET 20K
    BROOKLYN,NY11249     		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
    KEITH WILSON
    1221 E 53RD ST APT 3
    CHICAGO,IL60615     		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
    LEVI GONZALEZ
    25 SAGE STREET
    NORTH BENNINGTON,VT05257     		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
    MICHELLE LIPPMAN
    301 N KENWOOD STREET
    GLENDALE,CA91206     		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
    NICOLE KORNEGAY
    2737 US ROUTE FLR 1
    HUDSON,NY12534     		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
    PETRA BACHMAIER
    860 N CALIFORNIA AVE 1N
    CHICAGO,IL60622     		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
    ROBIN FROHARDT
    346 WEST SAUGERTIES RD
    SAUGERTIES,NY12477     		N/A INDIVIDUAL ARTIST GRANT - 2022 5,000
    SANDRA BREWSTER
    182 SYMINGTON AVE
    TORONTO ONTARIO,ONTARIOM6P3W6
    CA     		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
    SEAN FADER
    6823 ST CHARLES AVE
    NEW ORLEANS,LA70118     		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
    SEAN GALLERO
    860 N CALIFORNIA AVE 2N
    CHICAGO,IL60622     		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
    SHAYNA DUNKELMAN
    2728 THOMSON AVEUNIT 431
    LONG ISLAND,NY11101     		N/A INDIVIDUAL ARTIST GRANT - 2022 1,400
    STEPHANIE ZALETEL
    PO BOX 50743
    LOS ANGELES,CA90050     		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
    TIA SIMONE GARDNER
    1479 PORTLAND AVE APT 3
    SAINT PAUL,MN55104     		N/A INDIVIDUAL ARTIST GRANT - 2022 800
    ZACHARY J BALTICH
    324 N 27TH AVE W
    DULUTH,MN55806     		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
    Total .................................bullet 3b 1,243,369
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 70,034  
    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 9,334,464  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOVATION ALT INC FD ORD INC(     		    14 -6,289  
    bUBI OVATION ALT ORD INCOME 525990 3,102      
    cUBI OVATION CAPITAL LOSS 525990 -614      
    dUBI OVATION SECT 1231 GAIN 525990 5,416      
    eOVATION ALT INC FD LP OTH I     14 233  
    fFAIRWAY R.A.F. I ORD INC(L     14 134  
    gUBI FAIRWAY R.A.F ORD INC(L 525990 -531      
    hUBI FAIRWAY R.A.F CAP GAIN 525990 51      
    iFAIRWAY R.A.F. I LP OTHER I     14 -272  
    jFAIRWAY R.A.F. I LP ROYALTI     14 30,259  
    kMISC INCOME     1    
    lRCP FUND V LP ORD INC(LOSS)     14 -20,775  
    mUBI RCP FUND V LP ORD INCOM 525990 20,989      
    nRCP FUND V LP OTHER INCOME     14 1,148  
    oRCP FUND V LP ROYALTIES     14 32  
    pFAIRWAY R.A.F. I LP RENTAL     14 -346  
    qOVATION ALT INC FD LP RENTA     14 -242  
    rUBI OVATION ALT INC FD LP R 525990 -90      
    sRCP FUND V LP RENTAL     14    
    12 Subtotal. Add columns (b), (d), and (e) .. 28,323 11,008,074  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    11,036,397
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


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

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

    62-1520208
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    THE ASLAN FOUNDATION
          		Employer identification number
    62-1520208
    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
    ROBERT S YOUNG JR
    2419 PARK OAK DRIVE
     
    LOS ANGELES, CA90068

    		$ 556,871


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    DEPARTMENT OF THE TREASURY
     
    IRS - ERC
     
    CINCINNATI, OH459990005

    		$ 45,467


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    THE ASLAN FOUNDATION
          		Employer identification number

    62-1520208
    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
    1
    		 2,000 SH APPLE INC STOCK $ 259,760 2021-01-14
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 2,000 SH APPLE INC STOCK $ 297,111 2021-11-11
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    THE ASLAN FOUNDATION
          		Employer identification number

    62-1520208
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 38,985 13,761   23,744

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

    TY 2021 DepreciationSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND   7,565,268              
    LAND IMPROVMENTS   2,883,442 977,227     142,080      
    BUILDINGS   20,006,558 474,704     495,809      
    EQUIPMENT AND FURNITURE   1,433,472 310,110     186,231      
    TECHNOLOGY EQUIP   337,231 50,029     58,081      
    CWIP   5,467,982              

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SCHWAB 4350 CORPORATE BONDS 774,501 774,501
    SCHWAB 4350 BOND MUTUAL FUNDS 15,726,722 15,726,722

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SCHWAB 4350 ETFS 58,463,789 58,463,789
    SCHWAB 6712 SECURITIES 10,337,113 10,337,113

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    1,243,876
    State & Local Government Securities - End of Year Fair Market Value:


    1,243,876


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SCHWAB 4350 ALTERNATIVES   613,073 613,073
    SCHWAB 6712 REIT'S   259,688 259,688

    TY 2021 LandEtcSchedule2
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND IMPROVEMENTS 2,883,442 1,119,306 1,764,136 2,883,442
    BUILDINGS 20,006,558 970,514 19,036,044 20,006,558
    EQUIP AND FURNITURE 1,433,472 493,175 940,297 1,433,472
    TECHNOLOGY EQUIPMENT 337,231 108,110 229,121 337,231
    CWIP 5,467,982   5,467,982 5,467,982
    LAND 7,565,268   7,565,268 7,565,268


    TY 2021 LegalFeesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 40,326     44,398


    TY 2021 OtherAssetsSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST 15,393 21,162 21,162


    TY 2021 OtherExpensesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    COMPUTER, INTERNET, TELEPHONE 74,065     72,597
    DUES - PROFESSIONAL 10,681     8,992
    CULTURAL PROGRAMMING EVENTS 3,108     3,108
    INSURANCE 103,144     103,144
    INVESTMENT INTEREST - FAIRWAY        
    INVESTMENT INTEREST - OVATION 909 909    
    INVESTMENT INTEREST - RCP 35 35    
    OFFICE EXPENSE 63,729     55,979
    ORDINARY INCOME DEDUCTION - R 2,972 2,972    
    PORTFOLIO EXPENSE - FAIRWAY 5,968 5,966    
    PORTFOLIO EXPENSE - OVATION 15,315 15,292    
    PORTFOLIO EXPENSE - RCP 96 3    
    PROMOTIONS 2,835     2,835
    PROPERTY UPKEEP 666,724     682,008
    ROYALTIES DEDUCTION - FAIRWAY 9,397 9,397    


    TY 2021 OtherIncomeSchedule2
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OVATION ALT INC FD ORD INC(LS -6,289 -6,289  
    UBI OVATION ALT ORD INCOME 3,102    
    UBI OVATION CAPITAL LOSS -614    
    UBI OVATION SECT 1231 GAIN 5,416    
    OVATION ALT INC FD LP OTH INC 233 233  
    FAIRWAY R.A.F. I ORD INC(LS) 134 134  
    UBI FAIRWAY R.A.F ORD INC(LS) -531    
    UBI FAIRWAY R.A.F CAP GAIN 51    
    FAIRWAY R.A.F. I LP OTHER INC -272 -272  
    FAIRWAY R.A.F. I LP ROYALTIES 30,259 30,259  
    RCP FUND V LP ORD INC(LOSS) -20,775 -20,775  
    UBI RCP FUND V LP ORD INCOME 20,989    
    RCP FUND V LP OTHER INCOME 1,148 1,148  
    RCP FUND V LP ROYALTIES 32 32  
    FAIRWAY R.A.F. I LP RENTAL -346 -346  
    OVATION ALT INC FD LP RENTAL -242 -242  
    UBI OVATION ALT INC FD LP RT -90    


    TY 2021 OtherIncreasesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 190,197


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Description Beginning of Year - Book Value End of Year - Book Value
    CONSTRUCTION RETAINAGE   17,092
    SECURITY DEPOSITS 750 3,750


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 1,400     1,400
    CONSULTING 6,567     5,952
    FOOD SERVICE 8,864     8,864
    GRAPHIC DESIGN, WEBSITE 45,744     49,153
    INVESTMENT EXPENSE 181,707 181,707    
    PAYROLL SERVICES 2,222     1,965
    RESEARCH SERVICES 35,944     36,044
    PHOTO, VIDEO & SOCIAL MEDIA SERV 25,119     18,763
    STAFFING SERVICES 2,086     850


    TY 2021 TaxesSchedule
    Name:
    THE ASLAN FOUNDATION
    EIN:
    62-1520208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL 149,127      
    FOREIGN TAXES 27,357 27,357    
    PAYROLL TAXES 52,493 984   51,509
    STATE 309