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
CREWS FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 488
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COLLIERVILLE, TN380270488
A Employer identification number

46-1600634
B Telephone number (see instructions)

(901) 854-4014
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$117,094,384J Accounting method:
GAAP
(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) 100,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 570 570  
4 Dividends and interest from securities... 2,174,366 2,174,366  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,105,605
b Gross sales price for all assets on line 6a 33,170,200
7 Capital gain net income (from Part IV, line 2)... 10,105,605
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 278,745 277,779  
12 Total. Add lines 1 through 11........ 12,659,286 12,558,320  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 464,655 464,655   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35,120 35,099   21
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 639,629 638,470   1,159
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,139,404 1,138,224   1,180
25 Contributions, gifts, grants paid....... 5,530,850 5,530,850
26 Total expenses and disbursements. Add lines 24 and 25 6,670,254 1,138,224   5,532,030
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,989,032
b Net investment income (if negative, enter -0-) 11,420,096
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 826,412 1,399,885 1,399,885
3 Accounts receivable bullet245,840
Less: allowance for doubtful accounts bullet   115,228 245,840 245,840
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 107,122,068 Click to see attachment115,448,659 115,448,659
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 108,063,708 117,094,384 117,094,384
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 108,063,708 117,094,384
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)..... 108,063,708 117,094,384
30 Total liabilities and net assets/fund balances (see instructions). 108,063,708 117,094,384
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
108,063,708
2
Enter amount from Part I, line 27a .....................
2
5,989,032
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,042,054
4
Add lines 1, 2, and 3 ..........................
4
117,094,794
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
410
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
117,094,384
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 CHARLES SCHWAB - 9631 P    
b CHARLES SCHWAB - 0589 P    
c CHARLES SCHWAB - 0589 P    
d CHARLES SCHWAB - 6019 P    
e RAYMOND JAMES - N414 P    
RAYMOND JAMES - N414 P    
RAYMOND JAMES - C872 P    
RAYMOND JAMES - C872 P    
RAYMOND JAMES - L985 P    
RAYMOND JAMES - L985 P    
RAYMOND JAMES - M896 P    
RAYMOND JAMES - M896 P    
RAYMOND JAMES - 6523 P    
RAYMOND JAMES - 6523 P    
RAYMOND JAMES - 5314 P    
CCSD II, LP P    
COMPOUND CAPITAL INVESTMENT FUND P    
COMPOUND CAPITAL INVESTMENT FUND P    
GT ILS FUND P    
GT INTERNATIONAL EQUITY QP FUND P    
GT INTERNATIONAL EQUITY QP FUND P    
GT OFFSHORE FUND, LTD. (CLASS A) P    
GT OFFSHORE FUND, LTD. (CLASS B) P    
GT PRIVATE EQUITY X-A P    
GT SPECIAL OPPORTUNITIES P    
GT SPECIAL OPPORTUNITIES P    
GULLANE CAPITAL PARTNERS P    
GULLANE CAPITAL PARTNERS P    
PALLADIAN PARTNERS IX P    
PALLADIAN PARTNERS IX P    
PALLADIAN PARTNERS VII P    
PALLADIAN PARTNERS VII P    
RAYMOND JAMES - 0782 P    
RAYMOND JAMES - 0782 P    
GT ILS FUND P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 26,034   21,408 4,626
b 12,065   10,486 1,579
c 134,307   96,787 37,520
d 260,562   192,964 67,598
e 1,894,258   1,549,872 344,386
1,970,000   992,125 977,875
510,080   444,010 66,070
266,129   205,257 60,872
710,833   578,821 132,012
96,347   65,714 30,633
970,899   729,392 241,507
238,425   178,717 59,708
400,278   336,965 63,313
605,205   483,814 121,391
14,263,864   11,932,688 2,331,176
6,330     6,330
57,392     57,392
392,858     392,858
    8,034 -8,034
165,035     165,035
263,277     263,277
403,492     403,492
78,203     78,203
68     68
1,176     1,176
5,006     5,006
    12,678 -12,678
108,776     108,776
9,733     9,733
216,118     216,118
184     184
26,372     26,372
3,501,406   2,724,448 776,958
3,998,594   2,500,000 1,498,594
    415 -415
1,576,894     1,576,894
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       4,626
b       1,579
c       37,520
d       67,598
e       344,386
      977,875
      66,070
      60,872
      132,012
      30,633
      241,507
      59,708
      63,313
      121,391
      2,331,176
      6,330
      57,392
      392,858
      -8,034
      165,035
      263,277
      403,492
      78,203
      68
      1,176
      5,006
      -12,678
      108,776
      9,733
      216,118
      184
      26,372
      776,958
      1,498,594
      -415
      1,576,894
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 10,105,605
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........................... 3 158,739
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- ..... 5 158,739
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 0
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 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 3,708
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 162,447
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 addressbulletN/A
    14
    The books are in care ofbulletHILLIARD R CREWS JR Telephone no.bullet (901) 854-4014

    Located atbulletPO BOX 488COLLIERVILLETN ZIP+4bullet380270488
    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)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    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
    Yes
     
    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
     
    No
    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
    HILLIARD R CREWS JR PRESIDENT/DIRECTOR
    2.00     		0 0 0
    PO BOX 488
    COLLIERVILLE,TN38017
    JASON L CREWS TREASURER/DIRECTOR
    0.25     		0 0 0
    PO BOX 488
    COLLIERVILLE,TN38017
    STACY CREWS MCGEE SECRETARY/DIRECTOR
    4.00     		0 0 0
    PO BOX 488
    COLLIERVILLE,TN38017
    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
    RAYMOND JAMES & ASSOCIATES INC INVESTMENT ADVISORY FEES 393,979
    1100 RIDGEWAY LOOP RD STE 600
    MEMPHIS,TN38120
    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
    113,720,409
    b
    Average of monthly cash balances.......................
    1b
    1,031,917
    c
    Fair market value of all other assets (see instructions)................
    1c
    245,840
    d
    Total (add lines 1a, b, and c).........................
    1d
    114,998,166
    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
    114,998,166
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,724,972
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    113,273,194
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    5,663,660
    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
    5,663,660
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    158,739
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    2,157
    c
    Add lines 2a and 2b............................
    2c
    160,896
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,502,764
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,502,764
    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
    5,502,764
    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 5,502,764
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 419,909
    b From 2017...... 54,695
    c From 2018...... 4,854
    d From 2019...... 311,165
    e From 2020......  
    f Total of lines 3a through e ........ 790,623
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 5,532,030
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 5,502,764
    e Remaining amount distributed out of corpus 29,266
    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 5 819,889
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		419,909
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		399,980
    10 Analysis of line 9:
    a Excess from 2017.... 54,695
    b Excess from 2018.... 4,854
    c Excess from 2019.... 311,165
    d Excess from 2020....  
    e Excess from 2021.... 29,266
    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).)
    HILLIARD R CREWS JR
    JASON L CREWS
    STACY CREWS MCGEE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AGAPE CHILD & FAMILY SERVICES INC
    3160 DIRECTORS ROW
    MEMPHIS,TN38111     		  PC GENERAL - OPERATING 55,000
    ARISE 2 READ
    5885 RIDGEWAY CENTER PARKWAY STE
    210
    MEMPHIS,TN38120     		  PC GENERAL - OPERATING 40,000
    ARTS MEMPHIS
    575 S MENDENHALL RD
    MEMPHIS,TN38117     		  PC GENERAL - OPERATING 1,000
    BADDOUR CENTER
    626 BADDOUR BLVD
    SENATOBIA,MS38668     		  PC GENERAL - OPERATING 1,000
    BINGHAMPTON CHRISTIAN ACADEMY
    175 TILLMAN ST
    MEMPHIS,TN38111     		  PC GENERAL - OPERATING 20,000
    BOY SCOUTS OF AMERICA
    171 S HOLLYWOOD
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 2,000
    BOYS & GIRLS CLUB
    1275 PEACHTREE STREET NE
    ATLANTA,GA30309     		  PC GENERAL - OPERATING 2,500
    BRIARCREST CHRISTIAN SCHOOL
    76 S HOUSTON LEVEE RD
    EADS,TN38028     		  PC GENERAL - OPERATING 75,000
    BRIDGES
    477 NORTH FIFTH STREET
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 25,000
    CCPA
    PO BOX 488
    COLLIERVILLE,TN38027     		  PC GENERAL - OPERATING 3,000
    CHRISTIAN BROTHERS HIGH SCHOOL
    5900 WALNUT GROVE RD
    MEMPHIS,TN38120     		  PC GENERAL - OPERATING 2,500
    CHURCH HEALTH CENTER
    1350 CONCOURSE AVE 142
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 100,000
    COLLIERVILLE EDUCATION FUND
    50 N MAIN ST 201
    COLLIERVILLE,TN38017     		  PC GENERAL - OPERATING 10,000
    DALLAS BAY CHURCH
    8305 DAISY DALLAS RD
    HIXSON,TN37343     		  PC GENERAL - OPERATING 500
    DREAM FACTORY OF MEMPHIS INC
    1626 HOLLY HILL DR
    GERMANTOWN,TN38138     		  PC GENERAL - OPERATING 5,000
    DREAM ON 3
    1523 ELIZABETH AVENUE STE 300
    CHARLOTTE,NC28204     		  PC GENERAL - OPERATING 5,000
    EPICENTER
    902 COOPER ST
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 35,000
    EXCHANGE CLUB FAMILY CENTER
    2180 UNION AVE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 10,000
    FOR THE KINGDOM
    4100 RALEIGH MILLINGTON RD
    MEMPHIS,TN38128     		  PC GENERAL - OPERATING 10,000
    FRAYSER COMMUNITY DEVELOPMENT CORPORATION
    3684 N WATKINS ST
    MEMPHIS,TN38127     		  PC GENERAL - OPERATING 23,500
    GERMANTOWN UNITED METHODIST CHURCH
    2331 S GERMANTOWN RD
    GERMANTOWN,TN38138     		  PC GENERAL - OPERATING 10,000
    INNER LIGHT
    3618 WALKER AVE
    MEMPHIS,TN38152     		  PC GENERAL - OPERATING 1,000
    JUNIOR ACHIEVEMENT
    307 MADISON AVE
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 40,000
    LEBONHEUR CHILDREN'S HOSPITAL FOUNDATION
    850 POPLAR AVENUE
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 2,500
    LIFE CHOICES
    5575 RALEIGH LAGRANGE RD
    MEMPHIS,TN38134     		  PC GENERAL - OPERATING 1,000
    LITE MEMPHIS (LET'S INNOVATE THROUGH EDUCATION)
    88 UNION AVE 6TH FLOOR
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 30,000
    MAKE-A-WISH
    1780 MORIAH WOODS BLVD STE 10
    MEMPHIS,TN38117     		  PC GENERAL - OPERATING 2,500
    MEMPHIS ATHLETIC MINISTRIES (MAM)
    2146 BALL RD
    MEMPHIS,TN38114     		  PC GENERAL - OPERATING 10,000
    MEMPHIS BOTANICAL GARDENS
    750 CHERRY RD
    MEMPHIS,TN38117     		  PC GENERAL - OPERATING 2,500
    MEMPHIS CHILD ADVOCACY CENTER
    1085 POPLAR AVENUE
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 10,000
    MEMPHIS DEVELOPMENT FOUNDATION
    203 S MAIN STREET
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 2,500
    MEMPHIS FIRE FIGHTERS ASSOCIATION
    5150 STAGE RD STE 103
    MEMPHIS,TN38134     		  PC GENERAL - OPERATING 1,000
    MEMPHIS LEADERSHIP FOUNDATION
    2400 POPLAR AVE 318
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 20,000
    MEMPHIS TEACHER RESIDENCY
    1350 CONCOURSE AVENUE SUITE 366
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 250,000
    MEMPHIS THUNDER
    1880 WOLF RIVER BLVD
    COLLIERVILLE,TN38017     		  PC GENERAL - OPERATING 3,000
    MEMPHIS UNION MISSION
    383 POPLAR AVENUE
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 20,000
    MEMPHIS YOUTH ATHLETICS
    2987 SAVANNAH WAY S
    GERMANTOWN,TN38138     		  PC GENERAL - OPERATING 25,000
    MID-SOUTH FOOD BANK
    239 SOUTH DUDLEY
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 100,000
    MIFA
    910 VANCE AVE
    MEMPHIS,TN38126     		  PC GENERAL - OPERATING 100,000
    MY CITY RIDES
    376 NORTH CLEVELAND STE 107
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 30,000
    MY CUP OF TEA
    3028 CARNES AVE
    MEMPHIS,TN38111     		  PC GENERAL - OPERATING 5,000
    NAMI MEMPHIS
    5830 MT MORIAH RD 6
    MEMPHIS,TN38115     		  PC GENERAL - OPERATING 500
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    214 OVERLOOK CIRCLE STE 153
    BRENTWOOD,TN37027     		  PC GENERAL - OPERATING 250
    NEW LEADERS
    2701 UNION AVE EXTENDED STE 300
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 100,000
    NEW MEMPHIS INSTITUTE
    22 N FRONT ST
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 50,000
    PAGE ROBBINS ADULT DAY CENTER
    1961 S HOUSTON LEVEE RD
    COLLIERVILLE,TN38017     		  PC GENERAL - OPERATING 20,000
    PEER POWER FOUNDATION
    850 RIDGE LAKE BLVD SUITE ONE
    MEMPHIS,TN38120     		  PC GENERAL - OPERATING 20,000
    PINK PALACE MUSEUM
    3050 CENTRAL AVE
    MEMPHIS,TN38111     		  PC GENERAL - OPERATING 1,000
    RONALD MCDONALD HOUSE
    535 ALABAMA AVE
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 3,000
    SHELBY FARMS PARK CONSERVANCY
    500 NORTH PINE LAKE DRIVE
    MEMPHIS,TN38134     		  PC GENERAL - OPERATING 3,600
    SHEPHERDS HAVEN
    175 SHEPHERDS HAVEN WAY
    ARLINGTON,TN38002     		  PC GENERAL - OPERATING 2,000
    SLINGSHOT MEMPHIS
    802 ROZELLE ST
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 100,000
    SOCIETY OF ENTREPRENEURS
    PO BOX 770839
    MEMPHIS,TN38177     		  PC GENERAL - OPERATING 1,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    51 GERMANTOWN COURT STE 309
    CORDOVA,TN38018     		  PC GENERAL - OPERATING 1,000
    STREETS MINISTRIES INC
    PO BOX 42181
    MEMPHIS,TN381742181     		  PC GENERAL - OPERATING 10,000
    STS ENTERPRISE CORPORATION
    7960 SNOWFROST COVE
    MEMPHIS,TN38125     		  PC GENERAL - OPERATING 10,000
    SUCASA FAMILY MINISTRIES
    1302 N GRAHAM ST
    MEMPHIS,TN38122     		  PC GENERAL - OPERATING 25,000
    TEACH FOR AMERICA
    1350 CONCOURSE AVE 437
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 275,000
    THE COLLEGIATE SCHOOL
    3353 FAXON AVE
    MEMPHIS,TN38122     		  PC GENERAL - OPERATING 12,500
    THE GOODWILL EXCEL CENTER
    2576 THOUSAND OAKS BLVD
    MEMPHIS,TN38118     		  PC GENERAL - OPERATING 30,000
    THE TREZEVANT FOUNDATION
    177 N HIGHLAND ST
    MEMPHIS,TN38111     		  PC GENERAL - OPERATING 155,500
    UNITED WAY OF THE MID-SOUTH
    1005 TILLMAN ST
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 100,000
    UNIVERSITY OF MEMPHIS FOUNDATION
    635 NORMAL ST
    MEMPHIS,TN38152     		  PC GENERAL - OPERATING 2,440,000
    UT FOUNDATION
    1525 UNIVERSITY AVE
    KNOXVILLE,TN37921     		  PC GENERAL - OPERATING 500
    WEST CLINIC
    7945 WOLF RIVER BLVD
    GERMANTOWN,TN38138     		  PC GENERAL - OPERATING 10,000
    WOLF RIVER CONSERVANCY
    2693 UNION AVE EXTENDED 205
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 10,000
    YOUNG LIFE
    658 COLONIAL RD
    MEMPHIS,TN38117     		  PC GENERAL - OPERATING 6,000
    YOUTH LEADERSHIP OF MEMPHIS
    1255 LYNNFIELD RD STE 141
    MEMPHIS,TN38119     		  PC GENERAL - OPERATING 2,000
    YOUTH VILLAGES
    PO BOX 341154
    MEMPHIS,TN381841154     		  PC GENERAL - OPERATING 1,050,000
    Total .................................bullet 3a 5,530,850
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 570  
    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 10,105,605  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 12,559,286 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    12,559,286
    (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
    CREWS FAMILY FOUNDATION
     
    Employer identification number

    46-1600634
    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
    CREWS FAMILY FOUNDATION
          		Employer identification number
    46-1600634
    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
    HILLIARD R CREWS JR
    PO BOX 488
     
    COLLIERVILLE, TN38017

    		$ 100,000


    (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.)
    (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
    CREWS FAMILY FOUNDATION
          		Employer identification number

    46-1600634
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    CREWS FAMILY FOUNDATION
          		Employer identification number

    46-1600634
    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 InvestmentsOtherSchedule2
    Name:
    CREWS FAMILY FOUNDATION
    EIN:
    46-1600634
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    COMPOUND CAPITAL INVESTMENT FUND, LP FMV 3,287,530 3,287,530
    GULLANE CAPITAL PARTNERS, LLC FMV 1,931,386 1,931,386
    CCSD II, LP FMV 240,325 240,325
    CHARLES SCHWAB #9631 FMV 725,388 725,388
    RAYMOND JAMES #6523 FMV 23,670,670 23,670,670
    GT INTERNATIONAL EQUITY QP FUND, LP FMV 5,390,617 5,390,617
    GT OFFSHORE FUND, LTD FMV 5,606,925 5,606,925
    GT GLOBAL HEDGE, LP FMV 4,426,788 4,426,788
    RESOLUTE CAPITAL PARTNERS FUND IV, LP FMV 4,186,311 4,186,311
    CHARLES SCHWAB #0589 FMV 909,429 909,429
    CHARLES SCHWAB #6019 FMV 1,802,248 1,802,248
    CAPITAL ALIGNMENT PARTNERS III FMV 1,351,598 1,351,598
    RAYMOND JAMES #0782 FMV 6,051,531 6,051,531
    RAYMOND JAMES #N414 FMV 24,461,433 24,461,433
    RAYMOND JAMES #A181 FMV 2,402,385 2,402,385
    RAYMOND JAMES #C872 FMV 4,473,314 4,473,314
    RAYMOND JAMES #M896 FMV 8,336,085 8,336,085
    RAYMOND JAMES #L985 FMV 4,501,370 4,501,370
    GT PALLADIAN IX FMV 2,815,146 2,815,146
    GT PALLADIAN VII FMV 397,571 397,571
    GT SPECIAL OPPORTUNITIES FMV 531,589 531,589
    KEMMONS WILSON HOSPITALITY FUND FMV 1,618,751 1,618,751
    RAYMOND JAMES #5314 FMV 6,046,018 6,046,018
    RESOLUTE CAPITAL PARTNERS FUND V, LP FMV 117,968 117,968
    GT PRIVATE X-A, LP FMV 166,283 166,283

    TY 2021 OtherDecreasesSchedule
    Name:
    CREWS FAMILY FOUNDATION
    EIN:
    46-1600634
    Description Amount
    BOOK/TAX DIFFERENCES - GULLANE CAPITAL 5
    BOOK/TAX DIFFERENCES - GT INTERNATIONAL EQUITY QP FUND, LP 379
    BOOK/TAX DIFFERENCES - PALLADIAN PARTNERS IX 26


    TY 2021 OtherExpensesSchedule
    Name:
    CREWS FAMILY FOUNDATION
    EIN:
    46-1600634
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE CHARGES 205 102   103
    CAPITAL ALIGNMENT PARTNERS III - INVESTMENT INTEREST 929 929   0
    CAPITAL ALIGNMENT PARTNERS III - OTHER DEDUCTIONS 71,694 71,694   0
    CCSD II - OTHER DEDUCTIONS 13,807 13,807   0
    COMPOUND CAPITAL INVESTMENT FUND - OTHER DEDUCTIONS 60,406 60,406   0
    GT ILS FUND - OTHER DEDUCTIONS 117 117   0
    GT INTERNATIONAL EQUITY QP FUND - INVESTMENT INTEREST 2,170 2,170   0
    GT INTERNATIONAL EQUITY QP FUND - OTHER DEDUCTIONS 83,155 83,155   0
    GT PRIVATE EQUITY X-A - INVESTMENT INTEREST 1,019 1,019   0
    GT PRIVATE EQUITY X-A - OTHER DEDUCTIONS 4,475 4,475   0
    GT SPECIAL OPPORTUNITIES - INVESTMENT INTEREST 3 3   0
    GT SPECIAL OPPORTUNITIES - OTHER DEDUCTIONS 8,906 8,906   0
    GULLANE CAPITAL PTNRS - INVESTMENT INTEREST 12,008 12,008   0
    GULLANE CAPITAL PTNRS - OTHER DEDUCTIONS 30,789 30,789   0
    INVESTMENT INTEREST EXPENSE 23 23   0
    KEMMONS WILSON HOSPITALITY PARTNERS - OTHER DEDUCTIONS 900 900   0
    P.O. BOX 322 161   161
    PALLADIAN PARTNERS IX - CHARITABLE CONTRIBUTIONS 1 0   1
    PALLADIAN PARTNERS IX - INVESTMENT INTEREST 7,532 7,532   0
    PALLADIAN PARTNERS IX - OTHER DEDUCTIONS 46,332 46,332   0
    PALLADIAN PARTNERS VII - CHARITABLE CONTRIBUTIONS 4 0   4
    PALLADIAN PARTNERS VII - INVESTMENT INTEREST 202 202   0
    PALLADIAN PARTNERS VII - OTHER DEDUCTIONS 10,248 10,248   0
    RESOLUTE CAPITAL PARTNERS FUND IV - CHARITABLE CONTRIBUTIONS 711 0   711
    RESOLUTE CAPITAL PARTNERS FUND IV - INVESTMENT INTEREST 103,145 103,145   0
    RESOLUTE CAPITAL PARTNERS FUND IV - OTHER DEDUCTIONS 158,351 158,351   0
    RESOLUTE CAPITAL PARTNERS FUND V - INVESTMENT INTEREST 251 251   0
    RESOLUTE CAPITAL PARTNERS FUND V - OTHER DEDUCTIONS 21,745 21,745   0
    SUPPLIES 179 0   179


    TY 2021 OtherIncomeSchedule2
    Name:
    CREWS FAMILY FOUNDATION
    EIN:
    46-1600634
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CAPITAL ALIGNMENT PARTNERS III, LP - OTHER INCOME 11,872 11,872 11,872
    CCSD II, LP - OTHER INCOME -255 -255 -255
    FEDERAL TAX REFUND 966 0 966
    GT INTERNATIONAL EQUITY QP FUND - OTHER INCOME 11,061 11,061 11,061
    GT OFFSHORE FUND, LTD - OTHER INCOME 447,243 447,243 447,243
    GT PRIVATE EQUITY X-A - OTHER INCOME -38 -38 -38
    GT SPECIAL OPPORTUNITIES - OTHER INCOME 9 9 9
    GULLANE CAPITAL PARTNERS - OTHER INCOME -23,500 -23,500 -23,500
    KEMMONS WILSON HOSPITALITY PARTNERS LP - OTHER INCOME -96,887 -96,887 -96,887
    PALLADIAN PARTNERS IX - OTHER INCOME 7,213 7,213 7,213
    PALLADIAN PARTNERS VII - OTHER INCOME 5,123 5,123 5,123
    RESOLUTE CAPITAL PARTNERS IV - OTHER INCOME -89,017 -89,017 -89,017
    RESOLUTE CAPITAL PARTNERS V - OTHER INCOME 4,955 4,955 4,955


    TY 2021 OtherIncreasesSchedule
    Name:
    CREWS FAMILY FOUNDATION
    EIN:
    46-1600634
    Description Amount
    UNREALIZED INVESTMENT GAINS 3,005,575
    BOOK/TAX DIFFERENCES - RESOLUTE CAPITAL PARTNERS FUND IV 8,446
    BOOK/TAX DIFFERENCES - KEMMONS WILSON HOSPITALITY PARTNERS 27,858
    BOOK/TAX DIFFERENCES - PALLADIAN PARTNERS VII 175


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CREWS FAMILY FOUNDATION
    EIN:
    46-1600634
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 464,655 464,655   0


    TY 2021 TaxesSchedule
    Name:
    CREWS FAMILY FOUNDATION
    EIN:
    46-1600634
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 35,099 35,099   0
    TN ANNUAL REPORT 21 0   21