Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

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 Preservation Fund
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

13-3690790
B Telephone number (see instructions)

(800) 839-1754
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$4,374,087J 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) 50
2 Check bullet.............
3 Interest on savings and temporary cash investments 87 87  
4 Dividends and interest from securities... 39,813 39,813  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 241,686
b Gross sales price for all assets on line 6a 1,554,806
7 Capital gain net income (from Part IV, line 2)... 241,740
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 21,816 20,134  
12 Total. Add lines 1 through 11........ 303,452 301,774  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 150,000     150,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 11,774     11,774
16a Legal fees (attach schedule)......... Click to see attachment 1,352 0 0 1,352
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 42,215 25,398   16,817
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,170 370    
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,819   0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 948     948
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 53,692 20,697   32,995
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 267,970 46,465 0 213,886
25 Contributions, gifts, grants paid....... 4,200 4,200
26 Total expenses and disbursements. Add lines 24 and 25 272,170 46,465 0 218,086
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 31,282
b Net investment income (if negative, enter -0-) 255,309
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......... 48,248 86,779 86,779
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,189,584 Click to see attachment2,165,146 2,499,852
c Investments—corporate bonds (attach schedule)....... 296,708 Click to see attachment257,572 265,639
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 170,602 Click to see attachment231,746 241,033
14 Land, buildings, and equipment: basis bullet196,650
Less: accumulated depreciation (attach schedule) bullet115,947 85,522 Click to see attachment80,703 1,250,784
15 Other assets (describe bullet) Click to see attachment30,000 Click to see attachment30,000 Click to see attachment30,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,820,664 2,851,946 4,374,087
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...........    
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 2,820,664 2,851,946
29 Total net assets or fund balances (see instructions)..... 2,820,664 2,851,946
30 Total liabilities and net assets/fund balances (see instructions). 2,820,664 2,851,946
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
2,820,664
2
Enter amount from Part I, line 27a .....................
2
31,282
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,851,946
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
2,851,946
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,554,806   1,313,380 241,426
b       314
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       241,426
b        
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 241,740
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 3,549
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 3,549
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,857
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,900
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,757
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 208
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet208 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Victor Haydel Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Arpad Krizsan Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Marcus Charles Moore Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Ponchitta Pierce Dir, Pres
    40.0     		150,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    David H Slavit Dir, Treas, Executive VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Billy Stewart Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Rosalie Valentino Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Andrew Young Dir, Sec, chair
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    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.........................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
    2,849,892
    b
    Average of monthly cash balances.......................
    1b
    116,644
    c
    Fair market value of all other assets (see instructions)................
    1c
    181,855
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,148,391
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,148,391
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    47,226
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    3,101,165
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    155,058
    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
    155,058
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    3,549
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,549
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    151,509
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    151,509
    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
    151,509
    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 7 151,509
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 96,769
    b From 2017...... 61,868
    c From 2018...... 69,596
    d From 2019...... 81,147
    e From 2020...... 102,112
    f Total of lines 3a through e ........ 411,492
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 218,086
    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..... 151,509
    e Remaining amount distributed out of corpus 66,577
    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 5 478,069
    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) ...     		96,769
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		381,300
    10 Analysis of line 9:
    a Excess from 2017.... 61,868
    b Excess from 2018.... 69,596
    c Excess from 2019.... 81,147
    d Excess from 2020.... 102,112
    e Excess from 2021.... 66,577
    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).)
    NONE
    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
    FIRST CONGREGATIONAL CHURCH UCC
    PO BOX 984
    MARION,AL36756     		N/A PC General & Unrestricted 1,000
    MARYHURST INC
    1015 DORSEY LN
    LOUISVILLE,KY40223     		N/A PC General & Unrestricted 1,000
    MIDDLE EAST RESEARCH INFORMATION PROJECT INC
    PO BOX 10659
    CHICAGO,IL60610     		N/A PC General & Unrestricted 500
    PLANNED PARENTHOOD FEDERATION OF AMERICA INC
    123 WILLIAMS ST 10TH FL
    NEW YORK,NY10038     		N/A PC General & Unrestricted 700
    RED HOOK INITIATIVE
    767 HICKS ST
    BROOKLYN,NY11231     		N/A PC General & Unrestricted 1,000
    Total .................................bullet 3a 4,200
    bApproved for future payment
    Total .................................bullet 3b  
    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 87  
    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 ............     		525990 -54 18 241,741  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -1,381 14 19,434  
    bFederal Tax Refund     01 3,063  
    cINTEREST INCOME FROM PRI         700
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -1,435 304,138 700
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    303,403
    (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

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

    TY 2021 DepreciationSchedule
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    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
    BLDG - 1 SYLVAN 1994-12-03 76,472 75,389 SL 27 1,083   0  
    IMPROV - 1 SYLVAN 1997-01-01 17,200 14,380 SL 27 625   0  
    SECURITY ALARM 2015-12-22 5,500 3,930 SL 7 786   0  
    LAND - 1 SYLVAN 1994-12-03 33,528   L       0  
    IMPROV - 1 SYLVAN 2013-06-30 61,050 16,650 SL 27 2,220   0  
    CHIMNEY 2013-07-18 2,900 779 SL 27 105   0  

    TY 2021 GeneralExplanationAttachment
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    Identifier Return Reference Explanation
    Part I line 6a PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $241,740 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $(54) TOTAL PART I, LINE 6A: $241,686 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $1,554,806 BOOK BASIS: $1,313,380 NET GAIN/(LOSS): $241,426 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $314

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC NOTE CALL MAKE WHOL 4,882 5,303
    AFFILIATED MANAGERS GROUP - 4. 8,183 8,497
    ALLSTATE CORP NOTE - 1.450% - 10,945 10,411
    AMAZON - 3.800% - 12/05/2024 10,020 10,726
    AT&T - 4.250% - 03/01/2027 8,541 8,879
    BANK NEW YORK MELLON - 2.200% 8,047 8,174
    BERKSHIRE HATHAWAY NOTE - 3.12 10,003 10,708
    BK OF AMERICA CORP MTN CALL MA 7,623 7,665
    BOSTON PPTYS LTD PARTNERSHIP N 9,853 10,411
    CAPITAL ONE - 3.200% - 02/05/2 9,975 10,482
    COSTCO - 1.375% - 06/20/2027 10,274 9,925
    CVS HEALTH CORP - 2.625% - 08/ 10,022 10,354
    GENERAL MLS INC - 4.200% - 04/ 9,565 8,940
    GOLDMAN SACHS GROUP INC - 1.54 10,032 9,803
    HOME DEPOT INC - 2.700% - 04/1 10,025 10,503
    HORMEL FOODS CORP NOTE CALL - 9,962 9,970
    HUNTINGTON BANCSHARES INC - 2. 9,641 10,162
    KIMBERLY CLARK CORP - 3.100% - 8,644 8,628
    MICROSOFT CORP - 2.400% - 08/0 5,097 5,235
    PAYPAL HLDGS INC - 2.850% - 10 9,943 10,528
    PHILLIPS 66 NOTE - 3.900% - 03 7,653 8,672
    PNC FINL SVCS - 3.500% - 01/23 10,007 10,473
    SALESFORCE.COM - 3.250% - 04/1 11,919 12,378
    SIMON PPTY GROUP LP - 2.000% - 10,005 10,180
    SYNCHRONY FINANCIAL - 4.500% - 10,298 10,809
    VALERO ENERGY PARTNERS LP - 4. 7,942 8,827
    VERIZON COMMUNICATIONS INC - 2 8,644 8,333
    VISA INC NOTE - 3.150% - 12/14 9,827 10,663

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABIOMED 3,093 4,669
    ADOBE SYSTEMS, INC 1,993 8,506
    AENA SME S.A. ADR 5,008 4,360
    AEROJET ROCKETDYNE HOLDINGS IN 683 701
    AIA GROUP LTD ADR 5,274 5,040
    AIRBUS GROUP 4,777 5,584
    ALIGN TECHNOLOGY, INC 2,008 5,915
    ALLEGHANY CP 1,355 1,335
    ALPHABET INC CL C 5,517 14,468
    AMADEUS IT HLDS SA 6,621 6,637
    AMAZON COM 5,477 10,003
    AMPHENOL CORPORATION 930 1,224
    APTAR GROUP INC 263 245
    ARCHER DANIELS MDLND 17 100,709
    ARTISAN DEV WORLD FD ADVISOR 82,987 63,078
    AVISTA CORP 1,531 1,615
    AXALTA COATING SYSTEMS LTD 8,368 9,075
    BAE SYSTEMS PLC 5,861 5,303
    BARCLAYS PLC ADR 5,633 5,672
    BAXTER INTERNATIONAL INC 4,023 4,206
    BECTON DICKINSON AND CO PRF B 3,268 3,112
    BEIERSDORF AG ADR EACH REPR 0. 4,325 4,036
    BERKLEY W R CP 5,915 9,969
    BERKSHIRE HATHAWAY INC. CLASS 5,188 8,970
    BIOMARIN PHARMACEUTICAL INC 5,905 6,185
    BIOVENTUS CLASS A ORD SHS 132 116
    BLACKROCK FUNDS LOW DURATION P 191,885 193,598
    BLACKROCK HIGH YIELD BOND PORT 90,417 98,342
    BLOCK INC 2,933 4,038
    BLOOM ENERGY CORP 1,918 1,996
    BOOKING HOLDINGS INC 11,973 19,194
    BOSTON PPTYS INC 286 346
    BROOKFIELD ASSET MANAGEMENT CL 3,949 8,514
    BUNZL PLC SPONSORED ADR 2,226 2,268
    CAL-MAINE FOODS, INC 2,475 2,330
    CALAMOS CONVERTIBLE FD CL I 113,964 102,184
    CALAVO GROWERS, INC 995 678
    CALIFORNIA WATER SVC 638 790
    CALRSBERG AS SP ADR REP B 4,284 6,041
    CAP GEMINI SA UNSP/ADR 2,579 6,020
    CERNER CORPORATION 6,587 11,330
    CHEWY INC 6,576 4,482
    CHUBB LIMITED 1,653 1,933
    CLOROX CO 819 872
    COMPAGNIE DE SAINT G 3,020 5,086
    COMPASS GROUP PLC ADR 6,116 6,483
    COSTAR GROUP, INC 5,837 6,322
    COSTCO WHOLESALE CORPORATION 4,400 7,380
    COUSINS PROPERTIES INC 816 886
    CROWDSTRIKE HOLDINGS, INC 3,119 3,071
    DBS GROUP HLDGS SPON ADR 4,311 5,355
    DELAWARE HEALTHCARE FUND CLASS 92,454 123,560
    DELAWARE SMALL CAP VALUE FUND 39,776 53,465
    DENTSPLY SIRONA INC 843 837
    DEUTSCHE POST AG 3,887 5,959
    DIAGEO PLC ADS 5,639 9,686
    DOCUSIGN INC 5,544 4,112
    DUN & BRADSTREET CORP 12,074 9,876
    EDWARDS LIFESCIENCES 1,421 5,182
    ELI LILLY & CO 750 1,105
    ENPHASE ENERGY ORD SHS 3,123 4,025
    ENTAIN PLC 5,515 6,995
    EQUITY COMMONWEALTH 4,878 4,403
    ESSENTIAL UTILITIES 6.00 TANGI 1,712 1,825
    ESSENTIAL UTILITIES INC 421 483
    ESTEE LAUDER COMPANIES INC 3,482 5,183
    EVEREST RE GROUP LTD 2,594 3,013
    EXACT SCIENCES CORPORATION 4,474 4,358
    FANUC LIMITED UNSPONSORED 5,264 5,301
    FASTENAL COMPANY 2,872 7,495
    FIRST TR NSDQ CLEAN EDGE SMART 20,040 23,614
    FORTUNE BRANDS HOME & SECURITY 9,151 9,621
    FRESENIUS MED CAR AG 4,638 4,090
    GCP APPLIED TECHNOLOGIES INC 1,217 1,298
    GLOBAL X US INFRASTRUCTURE DEV 60,045 69,038
    GOLDMAN SACHS EMERGING MARKETS 78,729 69,275
    GUGGENHEIM LIMITED DURATION FU 364,118 368,569
    HARTFORD FINANCIALSERVICES GRO 937 967
    HEALTHCARE REALTY TRUST 2,070 2,152
    HENKEL KGAA ADR 973 887
    HITACHI LTD 3,249 5,202
    IBERDROLA ADR 6,014 5,948
    ICU MEDICAL, INC 1,244 1,424
    IDACORP INC HLDG CO 261 340
    IHS MARKIT LTD 4,438 9,039
    ILLINOIS TOOL WORKS 4,900 9,625
    ILLUMINA INC COM 2,416 4,946
    INDEPENDENT BANK CORP 211 245
    INTERSECT ENT INC 220 218
    INTERTEK GROUP UNSP ADR 854 852
    INTUIT 4,333 9,648
    ISHARESLEHMAN 7-10YR 74,129 80,500
    JULIUS BAER GROUP LTD 4,446 5,235
    KBC GROUP SA UNSP ADR 4,630 5,819
    KIMBERLY CLARK CORP 3,401 3,716
    KONINKLIJKE PHILIPS ELECTRONIC 7,343 5,601
    L'AIR LIQUIDE ADR OTC 4,549 5,196
    LONDON STK EXCHANGE GROUP 5,799 5,095
    LOWES COMPANIES INC 3,311 9,822
    MARKEL CORP 6,742 8,638
    MASTERCARD INC 2,783 7,546
    MATCH GROUP INC 9,035 8,729
    MERCK KGAA SPON ADR EACH REPR 3,985 7,659
    META PLATFORMS INC 4,201 9,754
    METLIFE INC 220 250
    METLIFE INC 5.62500% PFD 194 185
    METLIFE INC PFD SER F 472 480
    MISSION PRODUCE 248 188
    MONMOUTH REAL ESTATE INVESTMEN 439 483
    MORGAN STANLEY ASIA OPPORTUNIT 100,674 77,525
    MORGAN STANLEY FLEXIBLE INCOME 82,881 85,666
    MSCI INC 1,927 7,352
    MSIF FRONTIER EMERGING MKTS 45,288 52,255
    MSIF SELECT GLOBAL INFRASTRUCT 65,104 69,627
    MUELLER WATER PRODUCTS INC 815 893
    MURATA MFG INC UNSP/ADR 3,701 5,107
    NIKE INC-CL B 3,572 9,500
    NORDEA BANK ABP 4,818 5,426
    NORTHERN TRUST CORPORATION 2,650 3,229
    NORTHROP GRUMMAN CORP 1,015 1,161
    NVIDIA CORP 2,390 9,412
    NXP SEMICONDUCTORS 4,406 10,250
    ORACLE CORP 4,361 7,849
    PAYPAL HOLDINGS, INC 4,027 6,977
    PENNON GROUP 197 195
    PEPSICO INC 5,821 9,554
    PERNOD-RECARD SA 3,863 6,157
    QUANTA SVCS INC 3,284 3,096
    RAYTHEON TECHNOLOGIES CORP 6,318 8,434
    RECKITT BENCKISER GROUP 6,776 6,930
    REINSURANCE GROUP AMER INC 821 766
    RINGCENTRAL INC 8,709 5,808
    ROCHE HOLDING LTD ADR 4,303 6,616
    S J W CP 2,640 2,782
    SALESFORCE.COM 2,091 6,353
    SANDERSON FARMS INC 2,565 3,248
    SAP AKTIENGESELL ADS 6,132 7,566
    SAREPTA THERAPEUTICS INC 2,850 2,161
    SERVICE NOW 1,160 9,737
    SEVERN TRENT PLC 192 196
    SIEMENS AG 4,876 6,149
    SMITH & NEPHEW PLC ADR 9,957 8,932
    SONY GROUP CORP 7,044 8,722
    SPDR GOLD SHARES 74,940 76,077
    SSE PLC SPON ADR 5,705 5,662
    STARBUCKS CORP COM 5,282 8,890
    STRYKER CORPORATION 3,973 8,557
    TAIWAN SEMICONDUCTOR MFG CO LT 3,109 5,414
    THE HARTFORD SMALLCAP GROWTH F 51,460 55,692
    THERMO FISHER SCIENTIFIC INC 2,296 7,340
    TJX COMPANIES INC 5,923 10,097
    TOWNEBANK 242 284
    TRANE TECHNOLOGIES PLC 4,342 7,071
    TRAVELERS COMPANIES INC 4,397 4,693
    UBER 5,372 5,870
    UCB UNSP ADR 6,425 6,198
    UMB FINANCIAL CORPORATION 545 743
    UNITED UTILITS ADR 2,553 2,853
    UNIVERSAL HLTH SVC B 2,999 2,853
    US BANCORP PFD SER B - FLOAT % 1,480 1,539
    US BANCORP PFD STK - 6.500% 394 375
    VALLEY NATL BANCORP 534 633
    VISA INC 5,692 8,885
    WERNER ENTERPRISES INC 427 477
    WORLDLINE 5,600 3,444
    YUM CHINA HOLDINGS INC 4,081 3,788
    ZIMMER BIOMET HOLDINGS 3,451 3,049
    ZURICH INS GROU ADR 4,060 4,708

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AIP ABSOLUTE RETURN FUND   171,746 181,033
    BLACKSTONE PRIVATE CREDIT FND   60,000 60,000

    TY 2021 LandEtcSchedule2
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BLDG - 1 SYLVAN 76,472 76,472   919,000
    IMPROV - 1 SYLVAN 17,200 15,005 2,195 8,826
    SECURITY ALARM 5,500 4,716 784 784
    LAND - 1 SYLVAN 33,528   33,528 250,000
    IMPROV - 1 SYLVAN 61,050 18,870 42,180 68,901
    CHIMNEY 2,900 884 2,016 3,273


    TY 2021 LegalFeesSchedule
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Document Review/Drafting 1,352     1,352


    TY 2021 OtherAssetsSchedule
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PRI - SERVEHAITI - 1% - 07/13/   10,000 10,000
    PRI - TECHSOUP - 3.5% - 06/30/   20,000 20,000


    TY 2021 OtherExpensesSchedule
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 17,290     17,290
    Bank Charges 1,854 1,854    
    INDEMNIFICATION INSURANCE 2,232     2,232
    K-1 Exp AIP ABSOLUTE RETURN FU 17,169 17,169    
    Office & Supplies 874     874
    INSURANCE EXPENSE 3,000     3,000
    Payroll Processing Fees 781     781
    Postage/Delivery Service 236     236
    Property insurance 9,564 1,674   7,890
    State or Local Filing Fees 250     250
    SECURITY MONITORING FEES 442     442


    TY 2021 OtherIncomeSchedule2
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss AIP ABSOLUTE RETURN FUND 18,053 19,434  
    Federal Tax Refund 3,063    
    Interest Income from Notes 700 700  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 25,398 25,398    
    PHILANTHROPIC CONSULTING SRVCS 6,000     6,000
    ADMINISTRATIVE SERVICES 7,817     7,817
    MISSION STATEMENT WORKSHOP 3,000     3,000


    TY 2021 TaxesSchedule
    Name:
    The Preservation Fund
    EIN:
    13-3690790
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2021 1,400      
    990-T Extension for 2020 900      
    Foreign Tax Paid 370 370    
    State Income Tax 2020 500