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 08-01-2021 , and ending 07-31-2022
Name of foundation
Elsie & William Viles Foundation
c/o Mark L Johnston Treasurer
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 319
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Augusta, ME043320319
A Employer identification number

22-3089641
B Telephone number (see instructions)

(207) 622-1124
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$18,492,972J 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) 170,583
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 272,781 272,781  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 610,394
b Gross sales price for all assets on line 6a 3,280,553
7 Capital gain net income (from Part IV, line 2)... 610,394
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 1,840 0  
12 Total. Add lines 1 through 11........ 1,055,598 883,175  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 51,289 2,564   48,725
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,453 0   1,453
b Accounting fees (attach schedule)....... Click to see attachment 4,125 1,238   2,887
c Other professional fees (attach schedule).... Click to see attachment 83,376 83,376   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 26,755 1,008   3,866
19 Depreciation (attach schedule) and depletion... Click to see attachment 55,761 0  
20 Occupancy.............. 156,281 0   156,281
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 11,839 0   11,839
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 390,879 88,186   225,051
25 Contributions, gifts, grants paid....... 743,308 743,308
26 Total expenses and disbursements. Add lines 24 and 25 1,134,187 88,186   968,359
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -78,589
b Net investment income (if negative, enter -0-) 794,989
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............. 963 3,212 3,212
2 Savings and temporary cash investments......... 663,312 549,231 549,231
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)....... 8,517,854 Click to see attachment7,789,939 7,789,939
c Investments—corporate bonds (attach schedule)....... 4,170,278 Click to see attachment4,181,389 4,181,389
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,686,603 Click to see attachment4,435,287 4,435,287
14 Land, buildings, and equipment: basis bullet1,920,858
Less: accumulated depreciation (attach schedule) bullet386,944 1,589,675 Click to see attachment1,533,914 1,533,914
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,628,685 18,492,972 18,492,972
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........ 669,802 669,802
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 19,958,883 17,823,170
29 Total net assets or fund balances (see instructions)..... 20,628,685 18,492,972
30 Total liabilities and net assets/fund balances (see instructions). 20,628,685 18,492,972
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
20,628,685
2
Enter amount from Part I, line 27a .....................
2
-78,589
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
20,550,096
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,057,124
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
18,492,972
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 Pujblicly Traded Securities P    
b Capital Gains Dividends P    
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 3,121,257   2,670,159 451,098
b 159,296     159,296
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       451,098
b       159,296
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 2 610,394
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 11,050
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 11,050
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 16,400
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 16,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,350
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet5,350 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletME
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.elsieandwilliamvilesfoundation.org
    14
    The books are in care ofbulletMark L Johnston Telephone no.bullet (207) 622-1124

    Located atbulletPO Box 319AugustaME ZIP+4bullet043320319
    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
    Paul R Abbey Director
    0.25     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Maribeth Canning Director
    0.25     		0 0 0
    PO Box 319
    Augusta,ME043320319
    William N Lund Director
    0.25     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Bernard P Slofer Director
    0.25     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Warren E Winslow Jr Director
    0.25     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Patricia A West Exec. Director/Director
    30.00     		34,847 0 0
    PO Box 319
    Augusta,ME043320319
    Cindy Fabbricatore Exec. Director (part year)
    30.00     		16,442 0 0
    PO Box 319
    Augusta,ME043320319
    Daniel E Wathen President/Director
    1.00     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Marianna P Liddell Secretary/Legal Counsel
    1.00     		0 0 0
    PO Box 319
    Augusta,ME043320319
    Mark L Johnston Treasurer/Director
    1.00     		0 0 0
    PO Box 319
    Augusta,ME043320319
    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
    NONE
    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 The Elsie & William Viles Foundation owns and maintains property located on Stone Street in Augusta, Maine that is available for use by not for profit organizations at no 225,052
    2 charge. Organizations whose mission includes conservation, education, animal protection/welfare, and/or promote and preserve Maine history and culture are given priority in 0
    3 scheduling the space. Activities and programs include seminars, meetings, retreats, workshops, symposia, and fundraising events. 0
    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
    18,080,224
    b
    Average of monthly cash balances.......................
    1b
    459,375
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,539,599
    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
    18,539,599
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    695,020
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    17,844,579
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    892,229
    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
    892,229
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    11,050
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,050
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    881,179
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    881,179
    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
    881,179
    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 7 881,179
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 114,242
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 968,359
    a Applied to 2020, but not more than line 2a 114,242
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		Click to see attachment170,483
    d Applied to 2021 distributable amount..... 683,634
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 170,483
    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 ..........     		197,545
    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) .......     		170,483
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Patricia A West
    Elsie and William Viles Foundation
    PO Box 319
    Augusta,ME043320319
    (207) 622-1124
    info@elsieandwilliamvilesfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    The application form, submission materials, and other application information can be found at www.elsieandwilliamvilesfoundation.org.
    cAny submission deadlines:
    See 2(b) above
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    See 2(b) above
    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
    Augusta Boys and Girls Club
    22 Armory Street
    Augusta,ME04330     		N/A PC Matching funds for Capital Campaign 25,000
    Augusta Downtown Alliance
    PO Box 2066
    Augusta,ME04338     		N/A PC Monument in Mill Park, Augusta, recognizing life of Martha Ballard 10,000
    Augusta Food Bank
    161 Mt Vernon Ave
    Augusta,ME04330     		N/A PC Weekend KidsPack Program 18,000
    Boys and Girls Clubs of Kennebec Valley
    14 Pray Street
    Gardiner,ME04345     		N/A PC Purchasing classroom manipulatives & educational equipment 15,000
    Children's Center Early Intervention and Family Support
    1 Alden Avenue
    Augusta,ME04330     		N/A PC Complete campaign to fund expansion & renovation 15,000
    City of Augusta
    16 Cony Street
    Augusta,ME04330     		N/A GOV Payment in lieu of taxes 18,300
    Cony High School
    60 Pierce Drive
    Augusta,ME04330     		N/A GOV Scholarship support 52,250
    Foundation for Maine's Community Colleges
    54 Lighthouse Circle
    South Portland,ME04106     		N/A PC Scholarship at Kennebec Valley CC 24,000
    Friends of Baxter State Park
    PO Box 322
    Belfast,ME04915     		N/A PC Deliver & improve youth programming 5,000
    Friends of Cobbossee Watershed District
    PO Box 206
    East Winthrop,ME04343     		N/A PC Funding for Watershed Science Program 2,500
    Kennebec Valley Family Dentistry
    6 E Chestnut Street
    Augusta,ME04330     		N/A PC Dental Equipment for expanded clinic 20,000
    Kennebec Valley Humane Society
    10 Pet Haven Lane
    Augusta,ME04330     		N/A PC General operating support 139,600
    Lincoln County Historical Association
    PO Box 61
    Wiscasset,ME045780061     		N/A PC General operating support 1,000
    Literacy Volunteers of Greater Augusta Inc
    12 Spruce Street
    Augusta,ME043305204     		N/A PC General Operating Support 5,000
    Maine Center for Coastal Fisheries
    PO Box 27
    Stonington,ME04681     		N/A PC Program expenses for project-based learning "Theme #1, Gear Testing" 7,500
    Maine State Museum
    State House Station 83
    Augusta,ME043330083     		N/A GOV General operating support 69,800
    Maine State Music Theatre
    22 Elm Street
    Brunswick,ME04011     		N/A PC Funding for 2 young adult performances 4,400
    Maine State Society for the Protection of Animals
    PO Box 10
    South Windham,ME04082     		N/A PC Repair roof of the horse barn hayloft 5,000
    MaineGeneral Health
    6 East Chestnut Street
    Augusta,ME04330     		N/A PC General operating support 139,600
    Peace Ridge Sanctuary
    1111 Littlefield Road
    Brooks,ME04901     		N/A PC Medical barn supporting 4 shelter locations 5,000
    Pineland Suzuki School
    PO Box 604
    Manchester,ME04351     		N/A PC Donation of a Steinway piano, the cost to move the piano, and a cash contribution for scholarships. 7,758
    South Parish Congregational Church
    9 Church Street
    Augusta,ME04330     		N/A PC General operating support 69,800
    Sportsman's Alliance of Maine
    205 Church Hill Road
    Augusta,ME04330     		N/A PC Material and labor to build 3 ADA compliant ramps 4,500
    Viles Arboretum
    PO Box 344 153 Hospital Street
    Augusta,ME04332     		N/A PC General operating support 69,800
    Winthrop Historical Society
    PO Box 33
    Winthrop,ME04364     		N/A PC Building updates & repairs 8,000
    Women for Health Rural Living
    PO Box 463
    Milbridge,ME04658     		N/A PC Support children's educational funding 1,500
    Total .................................bullet 3a 743,308
    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 ...........     		         
    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 ............     		    18 610,394  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMiscellaneous income     		    01 1,840  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 885,015 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    885,015
    (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
    Elsie & William Viles Foundation
    c/o Mark L Johnston Treasurer
    Employer identification number

    22-3089641
    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
    Elsie & William Viles Foundation
    c/o Mark L Johnston Treasurer         		Employer identification number
    22-3089641
    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
    Elsie P Viles Irrevocable Trust
     
    c/o Spinnaker Trust 123 Free Street
     
    Portland, ME041127160

    		$ 170,483


    (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
    Elsie & William Viles Foundation
    c/o Mark L Johnston Treasurer         		Employer identification number

    22-3089641
    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
    Elsie & William Viles Foundation
    c/o Mark L Johnston Treasurer         		Employer identification number

    22-3089641
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 4,125 1,238   2,887

    TY 2021 CashDeemedCharitableExplnStmt
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Explanation:
    Total cash deemed held for charitable activities is determined by adding (a) 1.5% of checking, savings, and investments accounts other than the Foundation's Capital Improvement Account ($271,745) and (b) the entire balance of the Capital Improvement Account ($423,275). The Capital Improvement account is used by the Foundation solely to make repairs and required improvements to the Foundation's property, which is designated for charitable activities and use.

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

    TY 2021 DepreciationSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    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
    Building Improvements FY14 2014-01-02 124,751 24,259 SL 39.000000000000 3,199 0    
    Building 2014-01-02 750,000 145,835 SL 39.000000000000 19,231 0    
    Building Improvements FY15 2015-01-02 119,623 20,191 SL 39.000000000000 3,067 0    
    Land Improvements 2015-07-24 124,437 49,776 SL 15.000000000000 8,296 0    
    Building-65 Stone Stret 2016-05-16 360,400 47,745 SL 39.000000000000 9,241 0    
    Building Improvements FY16 2016-01-02 53,710 7,688 SL 39.000000000000 1,377 0    
    Land 65 Stone Street 2016-05-16 229,400   L   0 0    
    Shutters 2016-11-10 14,527 9,856 SL 7.000000000000 2,075 0    
    Drapes 2016-08-25 3,255 2,286 SL 7.000000000000 465 0    
    Rug 2017-02-23 4,589 2,897 SL 7.000000000000 656 0    
    Portraits 2017-02-23 8,636 5,450 SL 7.000000000000 1,234 0    
    New boilers and electrical improvements 2016-10-06 39,709 4,920 SL 39.000000000000 1,018 0    
    Insulation 2017-07-10 9,665 1,013 SL 39.000000000000 248 0    
    Land improvements 2018-01-31 11,544 2,695 SL 15.000000000000 770 0    
    Building Improvements FY17 2018-01-31 33,200 2,979 SL 39.000000000000 851 0    
    Window inserts 2019-01-31 3,050 1,090 SL 7.000000000000 436 0    
    Utility vehicle 2020-09-14 11,800 2,163 SL 5.000000000000 2,360 0    
    Buried utility 2021-03-18 12,062 268 SL 15.000000000000 804 0    
    Resurface driveway 2021-06-04 6,500 72 SL 15.000000000000 433 0    

    TY 2021 DistributionFromCorpusElection
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Election:
    Form 990-PFElection Under Regulations Section53.4942(a) - 3(d)(2) to treat excess qualifyingdistributions as distributed out of Corpus. I, Patricia A. West, Executive Director/Director of the Elsie & William Viles Foundation, in my capacity as such, do hereby elect to treat $170,483 of qualifying distributions made during the fiscal year ended July 31, 2022 as distributed out of corpus.Patricia A. West, Executive Director/DirectorEsie & William Viles Foundation

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Name of Bond End of Year Book Value End of Year Fair Market Value
    75000 units FHLB 2.25% 74,332 74,332
    100000 units Booking Holdings 2.75% 99,497 99,497
    100000 units United Parcel Ser 2.5% 99,476 99,476
    30000 units William Partners 4.3% 29,960 29,960
    50000 units Glaxo Smith Kline CA 3% 49,959 49,959
    100000 units Nextera Energy 3.25% 100,112 100,112
    75000 units Paypal Holdings 2.4% 73,767 73,767
    50000 units Capital One Finl 4.25% 50,444 50,444
    100000 units Regions Finl Cor 2.25% 96,106 96,106
    40000 units Wells Fargo & Co Step 25 39,583 39,583
    100000 units Juniper Networks 1.2% 90,548 90,548
    75000 units Air Lease Corp 2.87% 70,191 70,191
    100000 units Apple Inc 0.7% 92,272 92,272
    50000 units Citigroup Inc 3.2% 48,777 48,777
    55000 units Marathon Petrol 5.125% 56,719 56,719
    70000 units Charles Schwab VAR 27 68,849 68,849
    70000 units Qual Comm Inc 3.25% 70,282 70,282
    75000 units Bank of America Corp 3.248% 72,684 72,684
    50000 units Deltona FL Util 0.438% 46,816 46,816
    25000 units Alphabet Inc 3.375% 25,149 25,149
    55000 units Amazon.com 3.3% 55,227 55,227
    50000 units Amazon.com Inc 2.8% 49,743 49,743
    25000 units Apple Inc 3.25% 25,187 25,187
    75000 units Bank of America Corp 3.248% 72,684 72,684
    55000 units Berkshire Hathaway 3.125% 55,257 55,257
    75000 units Blackrock Inc 3.5% 75,461 75,461
    75000 units Cisco Systems Inc 2.2% 74,303 74,303
    75000 units Coca-Cola 2.125% 69,138 69,138
    50000 units John Deere Capital Corp 46,701 46,701
    35000 units General Electric 3.1% 34,903 34,903
    75000 units Home Depot Inc 2.7% 74,729 74,729
    75000 units Intel Corp 2.7% 74,818 74,818
    30000 units Intercontinental Exhange 2.1% 26,139 26,139
    25000 units JP Morgan Chase 3.3% 24,791 24,791
    65000 units JP Morgan Chase 3.25% 64,984 64,984
    25000 units Microsoft Corp 3.3% 25,361 25,361
    30000 units Microsoft Corp 3.625% 30,255 30,255
    40000 units PEP 2.75% 39,661 39,661
    50000 units Paypal Holdings Inc 2.85% 46,945 46,945
    75000 units Salesforce.com Inc 3.7% 76,391 76,391
    75000 units Target Corp 2.5% 73,506 73,506
    45000 units Visa Inc 1.9% 42,608 42,608
    50000 units Wal-Mart Stores Inc 2.55% 49,790 49,790
    25000 units Wells Fargo Co 3.55% 24,856 24,856
    125000 units FHLB .7% 114,297 114,297
    60000 units FHLB 1.6% 54,998 54,998
    40000 units FHLB 2.05% 38,146 38,146
    100000 units FHLB 2.15% 90,030 90,030
    95000 units FHLB 1.57% 82,841 82,841
    120000 units FNMA .87% 108,418 108,418
    110000 units FNMA 1.25% 95,446 95,446
    165000 units Freddie Mac .5% 152,883 152,883
    75000 units US Treasury 2.25% 73,945 73,945
    21210.113 units Eaton Vance Floating Rate 176,256 176,256
    27390.260 units Principal Preferred Securities Instl 253,086 253,086
    3094.892 units Eaton Vance Floating Rate 25,719 25,719
    4215.398 units Principal Preferred Securities Instl 38,950 38,950
    9047.705 units Dodge & Cox Income Fund 116,625 116,625
    1512.122 units Guggenheim Total Return Bond 37,864 37,864
    12905.245 units Fidelity Intermediate Bond Fund 132,924 132,924

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Name of Stock End of Year Book Value End of Year Fair Market Value
    700 units Akamai Technologies Inc 67,354 67,354
    1000 units Alphabet Inc 116,320 116,320
    900 units Amazon.com Inc 121,455 121,455
    410 units American Water Works 63,730 63,730
    675 units Ametek Inc 83,363 83,363
    1400 units Amphenol Corp 107,982 107,982
    1200 units Apple Inc 195,012 195,012
    2000 units Bank of America Corp 67,620 67,620
    375 units Berkshire Hathaway Class B 112,725 112,725
    2350 units Borg Warner Inc 90,381 90,381
    400 units Chubb Ltd 75,456 75,456
    365 units CME Group Inc 72,810 72,810
    230 units Constellation Brands 56,651 56,651
    300 units Danaher Corp 87,441 87,441
    700 units Eaton Corp PLC 103,873 103,873
    1000 units Exxon Mobil 96,930 96,930
    345 units Meta Platforms 54,890 54,890
    250 units Home Depot Inc 75,235 75,235
    150 units Idexx Labs 59,877 59,877
    175 units Intuit Inc 79,830 79,830
    500 units JP Morgan Chase & Co 57,680 57,680
    250 units Linde PLC 75,500 75,500
    750 units McCormick & Co Inc 65,513 65,513
    675 units Medtronic PLC 62,451 62,451
    975 units Merck & Co Inc 87,107 87,107
    1050 units Microchip Technology 72,303 72,303
    500 units Microsoft Corp 140,370 140,370
    810 units Nextera Energy Inc 68,437 68,437
    415 units Nordson Corp 95,861 95,861
    300 units Nvidia Corp 54,489 54,489
    175 units Palo Alto Networks 87,343 87,343
    350 units Pepsico Inc 61,236 61,236
    1000 units Phillips 66 89,000 89,000
    500 units Procter & Gamble 69,455 69,455
    625 units Qualcomm Inc 90,663 90,663
    825 units Raytheon Technologies 76,898 76,898
    300 units Sherwin Williams Co 72,582 72,582
    325 units Steris PLC 73,336 73,336
    250 units Teleflex Inc 60,115 60,115
    150 units Thermo Fisher Scientific 89,762 89,762
    1175 units TJX Companies Inc 71,863 71,863
    400 units Tractor Supply Comp 76,592 76,592
    1750 units US Bancorp 82,600 82,600
    375 units Visa Inc 79,541 79,541
    665 units Walt Disney Co 70,557 70,557
    357 units Abbvie Inc 51,233 51,233
    115 units Adobe Sys Inc 47,164 47,164
    900 units Alphabet Inc - Class A 104,688 104,688
    280 units Alphabet Inc - Class C 32,659 32,659
    1240 units Amazon.com Inc 167,338 167,338
    185 units American Tower Corporation 50,104 50,104
    130 units Ameriprise Financial Inc 35,090 35,090
    2160 units Apple Inc 351,022 351,022
    169 units Berkshire Hathaway - Class B 50,801 50,801
    30 units Booking Holdings Inc 58,071 58,071
    180 units Broadcom Inc 96,386 96,386
    372 units Caterpillar Inc 73,749 73,749
    307 units Chubb Ltd 57,912 57,912
    970 units Cisco Systems Inc. 44,009 44,009
    785 units Conoco Phillips 76,483 76,483
    185 units Costco Wholesale Corp 100,141 100,141
    189 units Danaher Corp 55,088 55,088
    998 units Dow Inc 53,104 53,104
    287 units Ecolab Inc 47,404 47,404
    980 units Exxon Mobil Corp 94,991 94,991
    175 units Meta Platforms 27,843 27,843
    3355 units Ford Motor Co 49,285 49,285
    415 units Fortive Corp 26,747 26,747
    270 units Home Depot Inc 81,254 81,254
    229 units Honeywell Intl Inc 44,073 44,073
    519 units JP Morgan Chase & Co 59,872 59,872
    1700 units KeyCorp 31,110 31,110
    195 units McDonald's Corp 51,357 51,357
    950 units Merck & Co Inc 84,873 84,873
    1120 units Microsoft Corp 314,429 314,429
    150 units Northrop Grumman Corp 71,835 71,835
    145 units Nvidia Corp 26,336 26,336
    251 units PNC Financial Services Group 41,651 41,651
    299 units Paypal Holdings Inc 25,872 25,872
    400 units PepiCo Inc 69,984 69,984
    230 units Procter & Gamble Co 31,949 31,949
    757 units Raytheon Technologies Corp 70,560 70,560
    230 units Salesforce.com Inc 42,325 42,325
    465 units Starbucks Corp 39,423 39,423
    485 units TE Connectivity LTD 64,859 64,859
    83 units Tesla Motors Inc 73,990 73,990
    148 units Thermo Fisher Scientific Inc 88,565 88,565
    325 units Union Pacific Corp 73,873 73,873
    212 units UnitedHealth Group Inc. 114,976 114,976
    410 units Visa Inc 86,965 86,965
    404 units Walmart Inc 53,348 53,348
    418 units Walt Disney Co 44,350 44,350
    405 units Eaton Corp PLC 60,098 60,098
    629 units Medtronic PLC 58,195 58,195
    52 units Abbvie Inc 7,463 7,463
    17 units Adobe Sys Inc 6,972 6,972
    180 units Alphabet Inc - Class C 20,995 20,995
    180 units Amazon.com Inc 24,291 24,291
    20 units American Tower Corporation 5,417 5,417
    22 units Ameriprise Financial Inc 5,938 5,938
    340 units Apple Inc 55,253 55,253
    24 units Berkshire Hathaway - Class B 7,214 7,214
    4 units Booking Holdings Inc 7,743 7,743
    21 units Broadcom Inc 11,245 11,245
    54 units Caterpillar Inc 10,705 10,705
    44 units Chubb LTD 8,300 8,300
    155 units Cisco Systems Inc 7,032 7,032
    115 units Conoco Phillips 11,204 11,204
    25 units Costco Wholesale Corp 13,533 13,533
    27 units Danaher Cor[ 7,870 7,870
    143 units Dow Inc 7,609 7,609
    41 units Ecolab Inc 6,772 6,772
    145 units Exxon Mobil Corp 14,055 14,055
    30 units Meta Platforms 4,773 4,773
    460 units Ford Motor Co 6,757 6,757
    60 units Fortive Corp 3,867 3,867
    40 units Home Depot Inc 12,038 12,038
    33 units Honeywell Intl Inc 6,351 6,351
    74 units JP Morgan Chase & Co 8,537 8,537
    243 units KeyCorp 4,447 4,447
    30 units McDonald's Corp 7,901 7,901
    145 units Merck & Co 12,954 12,954
    150 units Microsoft Corp 42,111 42,111
    20 units Northrop Grumman Corp 9,578 9,578
    21 units Nvidia Corp 3,814 3,814
    36 units PNC Financial Services Group 5,974 5,974
    44 units Paypal Holdings Inc 3,807 3,807
    60 units PepsiCo Inc 10,498 10,498
    35 units Procter & Gamble Co 4,862 4,862
    107 units Raytheon Technologies Corp 9,973 9,973
    35 units Salesforce.com Inc 6,441 6,441
    68 units Starbucks Corp 5,765 5,765
    70 units TE Connectivity LTD 9,361 9,361
    12 units Tesla Motors 10,697 10,697
    21 units Thermo Fisher Scientific Inc 12,567 12,567
    45 units Union Pacific Corp 10,229 10,229
    30 units United Health Group Inc 16,270 16,270
    60 units Visa Inc 12,727 12,727
    58 units Walmart Inc 7,659 7,659
    52 units Walt Disney Co 5,517 5,517
    60 units Eaton Corp PLC 8,903 8,903
    90 units Medtronic PLC 8,327 8,327

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    9360 units IQ Hedge Multi-Strategy FMV 273,593 273,593
    19210 units iShares S&P GSCI FMV 440,485 440,485
    500 units SPDR Fund Consumer FMV 81,415 81,415
    5972 units Vanguard FTSE All World FMV 308,454 308,454
    3360 units Vanguard Real Estate FMV 332,506 332,506
    13602.448 units Goldman Sachs Emerging FMV 296,533 296,533
    5379.973 units American Europacific Growth FMV 271,635 271,635
    3395.258 units Invesco Oppenheimer Developing Markets FMV 121,958 121,958
    5145.607 units Clearbridge Intl Growth Fund FMV 286,765 286,765
    12406.067 units Touchstone Sands Cap Emg Mrkts Growth Fd FMV 169,219 169,219
    3835.330 units T Rowe Price Mid-Cap Growth FMV 367,923 367,923
    12726.590 units MFS Mid Cap Value Fund FMV 381,161 381,161
    6268.967 units Delaware Small Cap Value Instl FMV 460,894 460,894
    5881.589 units Cohen & Steers Instl Realty FMV 301,843 301,843
    769.967 units American Europacific Growth FMV 38,876 38,876
    496.253 units Invesco Oppenheimer Developing Markets FMV 17,825 17,825
    750.879 units Clearbridge Intl Growth Fund FMV 41,846 41,846
    1775.296 units Touchstone Sands Cap Emg Mrkts Growth Fd FMV 24,215 24,215
    551.059 units T Rowe Price Mid-Cap Growth FMV 52,863 52,863
    1827.383 units MFS Mid Cap Value Fund FMV 54,730 54,730
    916.245 units Delaware Small Cap Value Instl FMV 67,362 67,362
    841.499 units Cohen & Steers Instl Realty FMV 43,186 43,186

    TY 2021 LandEtcSchedule2
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Building Improvements FY14 124,751 27,458 97,293  
    Building 750,000 165,066 584,934  
    Building Improvements FY15 119,623 23,258 96,365  
    Land Improvements 124,437 58,072 66,365  
    Building-65 Stone Stret 360,400 56,986 303,414  
    Building Improvements FY16 53,710 9,065 44,645  
    Land 65 Stone Street 229,400 0 229,400  
    Shutters 14,527 11,931 2,596  
    Drapes 3,255 2,751 504  
    Rug 4,589 3,553 1,036  
    Portraits 8,636 6,684 1,952  
    New boilers and electrical improvements 39,709 5,938 33,771  
    Insulation 9,665 1,261 8,404  
    Land improvements 11,544 3,465 8,079  
    Building Improvements FY17 33,200 3,830 29,370  
    Window inserts 3,050 1,526 1,524  
    Utility vehicle 11,800 4,523 7,277  
    Buried utility 12,062 1,072 10,990  
    Resurface driveway 6,500 505 5,995  


    TY 2021 LegalFeesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 1,453 0   1,453


    TY 2021 OtherDecreasesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Description Amount
    Unrealized Losses 2,057,124


    TY 2021 OtherExpensesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office Expenses 8,401 0   8,401
    Insurance 2,615 0   2,615
    Miscellaneous 823 0   823


    TY 2021 OtherIncomeSchedule2
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Miscellaneous income 1,840   1,840


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Fees 83,376 83,376   0


    TY 2021 TaxesSchedule
    Name:
    Elsie & William Viles Foundation
     
    c/o Mark L Johnston Treasurer
    EIN:
    22-3089641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 21,881 0   0
    Foreign Taxes 804 804   0
    Payroll Tax 4,070 204   3,866