Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
MARY BLACK FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)349 EAST MAIN STREET 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SPARTANBURG, SC29302
A Employer identification number

57-0843135
B Telephone number (see instructions)

(864) 573-9500
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$89,521,853J 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) 1,112
2 Check bullet.............
3 Interest on savings and temporary cash investments 666 666  
4 Dividends and interest from securities... 1,328,511 1,328,511  
5a Gross rents............ 207,386 207,386  
b Net rental income or (loss) 83,661
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,122,128
b Gross sales price for all assets on line 6a 92,153,539
7 Capital gain net income (from Part IV, line 2)... 4,976,013
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 589,149 583,069  
12 Total. Add lines 1 through 11........ 4,248,952 7,095,645  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 182,675 7,547   183,015
14 Other employee salaries and wages...... 521,476 20,619   474,986
15 Pension plans, employee benefits....... 207,189 8,288   200,940
16a Legal fees (attach schedule)......... Click to see attachment 6,748 5   6,743
b Accounting fees (attach schedule)....... Click to see attachment 28,000 17,200   10,780
c Other professional fees (attach schedule).... Click to see attachment 963,467 385,450   15,830
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 44,503 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 187,278 68,005  
20 Occupancy.............. 157,531 92,094   65,437
21 Travel, conferences, and meetings....... 26,969 2,594   24,217
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 464,249 150,439   491,713
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,790,085 752,241   1,473,661
25 Contributions, gifts, grants paid....... 3,709,655 2,661,227
26 Total expenses and disbursements. Add lines 24 and 25 6,499,740 752,241   4,134,888
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,250,788
b Net investment income (if negative, enter -0-) 6,343,404
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............. 697,983 784,999 784,999
2 Savings and temporary cash investments.........   779,498 779,498
3 Accounts receivable bullet821,894
Less: allowance for doubtful accounts bullet   363,031 821,894 821,894
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.......... 49,344 85,212 85,212
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet3,460,753
Less: accumulated depreciation (attach schedule) bullet1,381,897 2,158,063 Click to see attachment2,078,856 1,268,738
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 79,940,054 Click to see attachment82,706,416 82,706,416
14 Land, buildings, and equipment: basis bullet3,737,827
Less: accumulated depreciation (attach schedule) bullet1,586,221 2,249,690 Click to see attachment2,151,606 1,341,489
15 Other assets (describe bullet) Click to see attachment1,115,613 Click to see attachment1,733,607 Click to see attachment1,733,607
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 86,573,778 91,142,088 89,521,853
Liabilities 17 Accounts payable and accrued expenses.......... 130,529 57,983
18 Grants payable................. 1,424,587 2,475,912
19 Deferred revenue................. 500  
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment88,724 Click to see attachment96,985
23 Total liabilities (add lines 17 through 22)......... 1,644,340 2,630,880
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........... 84,929,438 88,511,208
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 84,929,438 88,511,208
30 Total liabilities and net assets/fund balances (see instructions). 86,573,778 91,142,088
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
84,929,438
2
Enter amount from Part I, line 27a .....................
2
-2,250,788
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,875,147
4
Add lines 1, 2, and 3 ..........................
4
88,553,797
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
42,589
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
88,511,208
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 P    
b FROM COMMON TRUST FUNDS P    
c FROM SCHEDULE K-1S P    
d PARTNERSHIP DISPOSITIONS P    
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 18,332,184   17,881,125 451,059
b 49,589,285   46,987,756 2,601,529
c 1,322,638     1,322,638
d 22,822,705   22,221,918 600,787
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       451,059
b       2,601,529
c       1,322,638
d       600,787
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 4,976,013
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 88,173
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 88,173
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 59,713
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 22,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 82,213
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 5,960
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletSC
    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 .Click to see attachment
    8b
     
    No
    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 addressbulletMARYBLACKFOUNDATION.ORG
    14
    The books are in care ofbulletMARY KATHRYN SNEAD Telephone no.bullet (864) 573-9500

    Located atbullet349 EAST MAIN STREET 100SPARTANBURGSC ZIP+4bullet29302
    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
    HOPE LOGAN CHAIR
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    GREGORY WADE VICE CHAIR
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    KAREN KNUCKLES SECRETARY/TREASURER
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    DR KOFI APPIAH TRUSTEE
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    DR RUSSELL BOOKER TRUSTEE
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    ETHAN BURROUGHS TRUSTEE
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    KAREN CALHOUN TRUSTEE
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    NORMAN CHAPMAN TRUSTEE
    2.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    ANNA CONVERSE TRUSTEE
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    ED MEMMOTT TRUSTEE
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    SCOTT NEELY TRUSTEE
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    DR NAYEF SAMHAT TRUSTEE
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    BETSY TETER TRUSTEE
    1.00     		0 0 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    MOLLY TALBOT-METZ PRESIDENT/CEO
    37.50     		182,675 15,515 5,766
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    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
    KIMBERLY STRAVOLO VP/CFO
    37.50     		120,000 9,903 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    KEISHA GRAY PROGRAM DIRECTOR ECD
    37.50     		81,850 6,915 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    NATALIA SWANSON PROGRAM DIRECTOR HE/
    37.50     		81,850 6,915 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    AMY PAGE GRANTS MANAGER
    37.50     		68,516 5,781 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    LINDA SMITH OFFICE MANAGER
    37.50     		61,750 5,079 0
    349 EAST MAIN STREET SUITE 100
    SPARTANBURG,SC29302
    Total number of other employees paid over $50,000...................bullet 1
    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
    GRAYSTONE CONSULTINGMORGAN STANLEY INVESTMENT CONSULTING 160,760
    227 WEST MONROE ST STE 3400
    CHICAGO,IL60606
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 DURING 2021, THE FOUNDATION PROVIDED A LOAN TO THE CITY OF SPARTANBURG DEVELOPMENT CORPORATION FOR THE OPERATIONS AND INITIATIVES RELATED TO THE DEVELOPMENT OF A GROCERY STORE LOCATED IN THE CITY OF SPARTANBURG IN AN UNDERSERVED AREA OF THE COMMUNITY. 900,000
    2 DURING 2021, THE FOUNDATION ISSUED A LOAN TO THE CHAPMAN CULTURAL CENTER, A 501(C)(3) ORGANIZATION, TO ENABLE IT TO MAKE GRANTS AND COVER OTHER OPERATING EXPENSES UNTIL IT IS ABLE TO RAISE SUFFICIENT CONTRIBUTIONS TO PAY BACK THE FOUNDATION. 300,000
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet1,200,000
    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
    81,507,078
    b
    Average of monthly cash balances.......................
    1b
    831,762
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,271,312
    d
    Total (add lines 1a, b, and c).........................
    1d
    83,610,152
    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
    83,610,152
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,254,152
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    82,356,000
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    4,117,800
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    4,117,800
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    88,173
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    10,447
    c
    Add lines 2a and 2b............................
    2c
    98,620
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,019,180
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    500,397
    5
    Add lines 3 and 4............................
    5
    4,519,577
    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
    4,519,577
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 4,519,577
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 497,490
    b From 2017...... 649,066
    c From 2018...... 1,180,132
    d From 2019...... 3,428,838
    e From 2020...... 825,244
    f Total of lines 3a through e ........ 6,580,770
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 5,341,875
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 4,519,577
    e Remaining amount distributed out of corpus 822,298
    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 7,403,068
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		497,490
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		6,905,578
    10 Analysis of line 9:
    a Excess from 2017.... 649,066
    b Excess from 2018.... 1,180,132
    c Excess from 2019.... 3,428,838
    d Excess from 2020.... 825,244
    e Excess from 2021.... 822,298
    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:
    MARY BLACK FOUNDATION INC
    349 EAST MAIN STREET
    SPARTANBURG,SC29302
    (864) 573-9500
    bThe form in which applications should be submitted and information and materials they should include:
    SEE HTTP://WWW.MARYBLACKFOUNDATION.ORG
    cAny submission deadlines:
    SEE HTTP://WWW.MARYBLACKFOUNDATION.ORG
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE HTTP://WWW.MARYBLACKFOUNDATION.ORG
    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
    ANGELS CHARGE MINISTRY
    95 ASHLEY STREET
    SPARTANBURG,SC29306     		N/A PC GENERAL OPERATING EXPENSES 30,000
    BALLET GUILD OF SPARTANBURG INC
    200 EAST SAINT JOHN STREET
    SPARTANBURG,SC29306     		N/A PC WEST AFRICAN COMMUNITY DANCE PROGRAM 1,680
    BIG BROTHERS BIG SISTERS OF THE UPSTATE
    161 EAST KENNEDY STREET
    SPARTANBURG,SC29306     		N/A PC COUNTERACTING YOUTH MENTORING CHALLENGES CAUSED BY COVID-19 10,000
    BIG BROTHERS BIG SISTERS OF THE UPSTATE
    161 EAST KENNEDY STREET
    SPARTANBURG,SC29307     		N/A PC GENERAL OPERATING EXPENSES 25,000
    BIRTHMATTERS
    501 HOWARD STREET
    SPARTANBURG,SC29303     		N/A PC 2021 ECD GENERAL OPERATING SUPPORT 68,792
    BIRTHMATTERS
    501 HOWARD STREET
    SPARTANBURG,SC29303     		N/A PC EXECUTIVE COACHING AND PROFESSIONAL DEVELOPMENT FOR EXECUTIVE DIRECTOR 7,500
    BIRTHMATTERS
    501 HOWARD STREET
    SPARTANBURG,SC29303     		N/A PC 2020 KEY PARTNER FUNDING 15,000
    BLOOM UPSTATE INC
    P0 BOX 2374
    SPARTANBURG,SC29304     		N/A PC PART TIME CASE MANAGER AND FAMILY THERAPIST 33,280
    CHILDREN'S ADVOCACY CENTER OF SPARTANBURG
    100 WASHINGTON PLACE
    SPARTANBURG,SC29302     		N/A PC ELIMINATING PROBLEMATIC SEXUAL BEHAVIORS IN SCHOOL-AGED CHILDREN 36,450
    CHILDREN'S ADVOCACY CENTER OF SPARTANBURG
    100 WASHINGTON PLACE
    SPARTANBURG,SC29302     		N/A PC NETWORK FOR GOOD JUMPSTART COACHING 2,000
    CHILDREN'S MUSEUM OF THE UPSTATE INC
    130 MAGNOLIA STREET
    SPARTANBURG,SC29306     		N/A PC EXPANSION OF EARLY CHILDHOOD PROGRAMMING FOR ALL OF SPARTANBURG COUNTY 38,645
    CHILDREN'S TRUST FUND OF SOUTH CAROLINA
    1330 LADY STREET
    COLUMBIA,SC29201     		N/A PC HFI TRAINING AND IMPLEMENTATION SUPPORT 41,325
    CITY OF SPARTANBURG
    PO BOX 1749
    SPARTANBURG,SC29304     		N/A GOV HELLO FAMILY FUND 200,000
    CITY OF SPARTANBURG
    PO BOX 1749
    SPARTANBURG,SC29304     		N/A GOV 2021 UNITY WEEK CELEBRATION 1,000
    COMMUNITYWORKS
    100 W ANTRIM DRIVE
    GREENVILLE,SC29607     		N/A PC SPARTANBURG AFFORDABLE HOUSING 40,000
    EMERGE FAMILY THERAPY CENTER & TEACHING CLINIC
    138 DILLON DR
    SPARTANBURG,SC29307     		N/A PC MENTAL HEALTH RESPONSE TO COVID 19 PANDEMIC 40,000
    EMERGE FAMILY THERAPY CENTER & TEACHING CLINIC
    138 DILLON DR
    SPARTANBURG,SC29307     		N/A PC MENTAL HEALTH SERVICES FOR BLACK, INDIGENOUS, AND PEOPLE OF COLOR: SERVICE PIPELINE DEVELOPMENT 60,000
    GIRL SCOUTS OF SOUTH CAROLINA - MOUNTAINS TO MIDLANDS
    5 INDEPENDENCE POINTE
    GREENVILLE,SC29615     		N/A PC DIVERSITY IN GIRL SCOUTING 10,000
    GIRLS ON THE RUN UPSTATE SC
    PO BOX 170773
    SPARTANBURG,SC29301     		N/A PC GIRLS ON THE RUN ACCESS AND INCLUSION INITIATIVE 2021-2023 15,000
    GOFORTH RECOVERY
    PO BOX 6560
    SPARTANBURG,SC29302     		N/A PC GOFORTH 2020 25,000
    GRACE COMMUNITY CHURCH OF SC
    2801 PELHAM ROAD
    GREENVILLE,SC29615     		N/A PC SP DSS VISITATION ROOM 5,250
    HEALTHY SMILES OF SPARTANBURG INC
    P O BOX 1441
    SPARTANBURG,SC29304     		N/A PC HEALTHY SMILES OF SPARTANBURG PEDIATRIC DENTAL PROGRAM 50,000
    HEALTHY SMILES OF SPARTANBURG INC
    PO BOX 1441
    SPARTANBURG,SC29304     		N/A PC GENERAL DONATION 500
    HOPE CENTER FOR CHILDREN
    PO BOX 1731
    SPARTANBURG,SC29304     		N/A PC HEALTHY FAMILIES INITIATIVE CONVENER 102,000
    HOPE CENTER FOR CHILDREN
    PO BOX 1731
    SPARTANBURG,SC29304     		N/A PC 2021 ECD GENERAL OPERATING SUPPORT 71,000
    HOPE CENTER FOR CHILDREN
    PO BOX 1731
    SPARTANBURG,SC29304     		N/A PC HFI - TRIPLE P IMPLEMENTATION 5,000
    HUB CITY FARMERS' MARKET
    248 N CHURCH ST
    SPARTANBURG,SC29306     		N/A PC GENERAL OPERATING SUPPORT 105,000
    HUB CITY FARMERS' MARKET
    248 N CHURCH ST
    SPARTANBURG,SC29306     		N/A PC NETWORK FOR GOOD JUMPSTART COACHING 2,000
    HUB CITY WRITERS PROJECT
    PO BOX 8421
    SPARTANBURG,SC29305     		N/A PC GENERAL DONATION 10,000
    IMPACT AMERICA
    601 BEACON PARKWAY W SUITE 102
    BIRMINGHAM,AL35209     		N/A PC FOCUSFIRST: A HIGH-TECH VISION CARE INITIATIVE 18,725
    INSTITUTE FOR CHILD SUCCESS
    613 E MCBEE AVE
    GREENVILLE,SC29601     		N/A PC GENERAL OPERATING SUPPORT 80,000
    INTERNATIONAL ASSOCIATION OF LIONS CLUBS - LANDRUM CLUB
    PO BOX 262
    LANDRUM,SC29356     		N/A PC VISION SCREENING CAMERA 5,000
    LOUVENIA D BARKSDALE SICKLE CELL ANEMIA FOUNDATION
    645 S CHURCH ST EXT
    SPARTANBURG,SC29306     		N/A PC LDB SICKLE ANEMIA GENERAL OPERATING SUPPORT 2,500
    MEETING STREET SCHOOLS
    201 E BROAD STREET SUITE 110
    SPARTANBURG,SC29306     		N/A PC HEALTHY FAMILIES INITIATIVE TRIPLE P IMPLEMENTATION 5,000
    MIDDLE TYGER COMMUNITY CENTER
    84 GROCE RD
    LYMAN,SC29365     		N/A PC HEALTHY FAMILIES INITIATIVE TRIPLE P IMPLEMENTATION 5,000
    NORTHSIDE DEVELOPMENT GROUP
    900 SOUTH PINE STREET
    SPARTANBURG,SC29302     		N/A PC THE FRANKLIN SCHOOL 150,000
    PAL
    226 S SPRING ST
    SPARTANBURG,SC29306     		N/A PC TRAILS WORK 2,500
    PAL
    226 S SPRING ST
    SPARTANBURG,SC29306     		N/A PC GENERAL OPERATING SUPPORT 150,000
    PAL
    226 S SPRING ST
    SPARTANBURG,SC29306     		N/A PC SPARTANBURG HEALTHY SCHOOLS INITIATIVE PHASE 2 97,830
    PAL
    226 S SPRING ST
    SPARTANBURG,SC29306     		N/A PC URBAN TRAILS SYSTEM 116,667
    REACH OUT AND READ - SOUTH CAROLINA
    PO BOX 55
    CENTRAL,SC29630     		N/A PC REACH OUT AND READ - SPARTANBURG COUNTY 21,950
    REACH OUT AND READ - SOUTH CAROLINA
    PO BOX 55
    CENTRAL,SC29630     		N/A PC EARLY CHILDHOOD DEVELOPMENT 21,950
    REGENESIS ORGANIZATION COMMUNITY HEALTH CENTER
    PO BOX 5158
    SPARTANBURG,SC29304     		N/A PC PSYCHIATRIC NURSE PRACTITIONER FOR CRISIS PROGRAM 85,000
    REGENESIS ORGANIZATION COMMUNITY HEALTH CENTER
    PO BOX 5158
    SPARTANBURG,SC29304     		N/A PC CRISIS INTERVENTION COORDINATOR 50,000
    RUTH'S GLEANINGS
    PO BOX 5088
    SPARTANBURG,SC29304     		N/A PC INCREASING NUTRITION IN SPARTANBURG 100,000
    SAFE HOMES - RAPE CRISIS COALITION
    236 UNION STREET
    SPARTANBURG,SC29302     		N/A PC UNDERSERVED COMMUNITIES THERAPIST 50,000
    SERVANTS FOR SIGHT
    PO BOX 2122
    GREENVILLE,SC29602     		N/A PC SEEING THE FUTURE CLEARLY EYE CARE FOR SPARTANBURGS MOST VULNERABLE CITIZENS 26,000
    SPARTANBURG ACADEMIC MOVEMENT
    349 E MAIN STREET SUITE 101
    SPARTANBURG,SC29302     		N/A PC EARLY DEVELOPMENT INSTRUMENT CONTINUATION PROJECT 55,000
    SPARTANBURG AREA MENTAL HEALTH CENTER
    250 DEWEY AVE
    SPARTANBURG,SC29303     		N/A PC MENTAL HEALTH SERVICES FOR BLACK, INDIGENOUS AND PEOPLE OF COLOR: OUTREACH & COMMUNICATION 75,000
    SPARTANBURG COMMUNITY COLLEGE FOUNDATION INC
    PO BOX 4386
    SPARTANBURG,SC29305     		N/A PC INCREASING THE NUMBER OF HIGH-QUALITY EARLY CHILDHOOD PRACTITIONERS IN SPARTANBURG 15,898
    SPARTANBURG COUNTY FIRST STEPS
    900 SOUTH PINE STREET
    SPARTANBURG,SC29302     		N/A PC 2021 ECD GENERAL OPERATING 100,000
    SPARTANBURG COUNTY SCHOOL DISTRICT THREE
    PO BOX 267
    GLENDALE,SC29346     		N/A GOV HEALTHY FAMILIES INITIATIVE TRIPLE P IMPLEMENTATION 5,000
    SPARTANBURG COUNTY SCHOOL DISTRICT THREE
    PO BOX 267
    GLENDALE,SC29346     		N/A GOV SYSTEMIC & ENVIRONMENTAL CHANGE FACTORS FOR EARLY CHILDHOOD FAMILIES AFFECTED BY COVID-19 45,000
    SPARTANBURG COUNTY SCHOOL DISTRICT TWO
    3231 OLD FURNACE ROAD
    CHESNEE,SC29323     		N/A GOV HEALTHY FAMILIES INITIATIVE TRIPLE P IMPLEMENTATION 5,000
    SPARTANBURG HOUSING
    PO BOX 2828
    SPARTANBURG,SC29304     		N/A PC YOUTH EDUCATION AND BASKETBALL CONFERENCE 2,500
    SPARTANBURG INTERFAITH HOSPITALITY NETWORK
    899 S PINE STREET
    SPARTANBURG,SC29302     		N/A PC HEALTHY FAMILIES INITIATIVE TRIPLE P IMPLEMENTATION 5,000
    SPARTANBURG REGIONAL FOUNDATION
    101 EAST WOOD STREET
    SPARTANBURG,SC29303     		N/A PC SPARTANBURG REGIONAL FORENSIC NURSE EXAMINERS 39,000
    ST LUKE'S FREE MEDICAL CLINIC
    PO BOX 3466
    SPARTANBURG,SC29304     		N/A PC WORKING FOR HEALTH EQUITY THROUGH ACCESS TO QUALITY HEALTHCARE 40,000
    THE ALLIANCE FOR A HEALTHIER GENERATION
    1028 SE WATER AVE SUITE 215
    PORTLAND,OR97214     		N/A PC SOCIAL-EMOTIONAL HEALTH EXTENDER FOR SPARTANBURG 6 42,500
    THE CLEVELAND OPPORTUNITY FOUNDATION
    501 HOWARD ST STE E
    SPARTANBURG,SC29303     		N/A PC NORTHSIDE 5K RACE AND FUN RUN 500
    THE SPARTANBURG COUNTY FOUNDATION
    424 EAST KENNEDY STREET
    SPARTANBURG,SC29302     		N/A PC COMMUNITY CENTER FEASIBILITY STUDY 7,500
    THE SPARTANBURG COUNTY FOUNDATION
    424 EAST KENNEDY STREET
    SPARTANBURG,SC29302     		N/A PC COVID-19 5000 SHARE & CARE DAY 500
    THE SPARTANBURG SCIENCE CENTER
    200 E ST JOHN ST
    SPARTANBURG,SC29306     		N/A PC SEEING THROUGH THEIR EYES 2,500
    UNITED WAY OF THE PIEDMONT
    PO BOX 5624
    SPARTANBURG,SC29304     		N/A PC PREPARE TO THRIVE 2,500
    UNITED WAY OF THE PIEDMONT
    PO BOX 5624
    SPARTANBURG,SC29304     		N/A PC COMMUNITY HEALTH AND RESOURCE COORDINATORS 56,785
    UNITED WAY OF THE PIEDMONT
    PO BOX 5624
    SPARTANBURG,SC29304     		N/A PC THRIVING FAMILIES 37,000
    UPLIFT AND OUTREACH CENTER
    PO BOX 171375
    SPARTANBURG,SC29301     		N/A PC UPLIFT BOARD GOVERNANCE 5,000
    UPSTATE FAMILY RESOURCE CENTER
    1850 OLD FURNACE ROAD
    BOILING SPRINGS,SC29316     		N/A PC GENERAL OPERATING SUPPORT 49,500
    UPSTATE FAMILY RESOURCE CENTER
    1850 OLD FURNACE ROAD
    BOILING SPRINGS,SC29316     		N/A PC HEALTHY FAMILIES INITIATIVE TRIPLE P IMPLEMENTATION 5,000
    UPSTATE FATHERHOOD COALITION
    300 UNION STREET SUITE E
    SPARTANBURG,SC29306     		N/A PC HEALTHY FAMILIES INITIATIVE TRIPLE P IMPLEMENTATION 5,000
    UPSTATE-CAROLINA ADAPTIVE GOLF
    25 LOUISE AVENUE
    GREENVILLE,SC29617     		N/A PC USING GOLF THERAPY TO ENHANCE SPARTANBURG YOUTH'S HEALTH & WELLNESS 5,000
    YMCA OF GREATER SPARTANBURG
    151 RIBAULT ST
    SPARTANBURG,SC29302     		N/A PC YMCA PLAYGROUND AND INDOOR ROCK CLIMBING PROJECT 15,000
    Total .................................bullet 3a 2,661,227
    bApproved for future payment
    PARTNERS FOR ACTIVE LIVING
    226 S SPRING ST
    SPARTANBURG,SC29306     		N/A PC 2021 KEY PARTNER FUNDING 225,000
    HUB CITY FARMERS' MARKET
    248 N CHURCH ST
    SPARTANBURG,SC29306     		N/A PC 2021 KEY PARTNER FUNDING 180,000
    GIRLS ON THE RUN SPARTANBURG
    PO BOX 170773
    SPARTANBURG,SC29301     		N/A PC ACCESS AND INCLUSION INITIATIVE 2021-2023 12,000
    UNITED WAY OF THE PIEDMONT
    PO BOX 5624
    SPARTANBURG,SC29304     		N/A PC COMMUNITY HEALTH & RESOURCE COORDINATORS 288,683
    PAL
    226 S SPRING ST
    SPARTANBURG,SC29306     		N/A PC SPARTANBURG HEALTHY SCHOOLS INITIATIVE, PHASE 2 158,000
    THE ALLIANCE FOR A HEALTHIER GENERATION
    1028 SE WATER AVE SUITE 215
    PORTLAND,OR97214     		N/A PC EMOTIONAL HEALTH EXTENDER FOR SPARTANBURG 87,000
    HOPE CENTER FOR CHILDREN
    PO BOX 1731
    SPARTANBURG,SC29304     		N/A PC 2021 ECD GENERAL OPERATING SUPPORT 142,000
    BIRTHMATTERS
    501 HOWARD ST STE E
    SPARTANBURG,SC29303     		N/A PC 2021 ECD OPERATING SUPPORT 143,734
    SPARTANBURG COUNTY FIRST STEPS
    900 SOUTH PINE STREET
    SPARTANBURG,SC29302     		N/A PC ECD GENERAL OPERATING SUPPORT 145,000
    CITY OF SPARTANBURG
    PO BOX 1749
    SPARTANBURG,SC29304     		N/A GOV HELLO FAMILY FUND 600,000
    CHILDREN'S ADVOCACY CENTER OF SPARTANBURG
    100 WASHINGTON PLACE
    SPARTANBURG,SC29302     		NA PC GENERAL OPERATING SUPPORT 46,980
    CITY OF SPARTANBURG
    PO BOX 1749
    SPARTANBURG,SC29304     		N/A GOV 2022 UNITY WEEK CELEBRATION 1,000
    Total .................................bullet 3b 2,029,397
    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 ...........     		    14 666  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 83,661  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		901101 86,727 18 2,035,401  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPROGRAM LOAN INTEREST     		        38,407
    bREBATES AND REFUNDS         800
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 86,727 3,998,181 39,207
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,124,115
    (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.)
    11A INTEREST INCOME EARNED ON PROGRAM RELATED INVESTMENT (LOAN)
    11B REFUNDS AND REBATES EARNED IN THE COURSE OF OPERATIONS
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT AND TAX COMPLIANCE SERVICES 28,000 17,200   10,780

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    TY 2021 DepreciationSchedule
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    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 - 349 E. MAIN STREET   950,206 399,879   0 % 23,755 0    
    BUILDING RENOVATION   4,723,714 1,732,271   0 % 118,093 0    
    BUILDING RENOVATION - TENANT SPACE   273,617 91,098   0 % 6,840 0    
    TENANT IMPROVEMENTS   286,599 286,599   0 % 0 0    
    EQUIPMENT, FURNITURE AND FIXTURES   419,808 270,992   0 % 38,590 0    
    LAND   544,635   L   0 0    

    TY 2021 ExplnOfNonFilingWithAGStmt
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Statement:
    THE SC ATTORNEY GENERAL'S OFFICE NO LONGER REQUESTS A COPY OF FORM 990-PF ON AN ANNUAL BASIS. THE ATTORNEY GENERAL'S OFFICE RESERVES THE RIGHT TO REQUEST THE FORM AS NEEDED. THE FOUNDATION WILL COMPLY WITH ANY REQUESTS MADE AS NEEDED.

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    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PASSTHROUGH K-1 UBI CAPITAL GAINS   PURCHASED     86,727   COST 0 86,727  

    TY 2021 InvestmentsLandSchedule2
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 272,318 0 272,318 100,000
    BUILDING AND IMPROVEMENTS 3,117,068 1,329,268 1,787,800 1,150,000
    EQUIPMENT, FURNITURE, AND FIXTURES 71,367 52,629 18,738 18,738

    TY 2021 InvestmentsOtherSchedule2
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AON PRIVATE CREDIT OPPORTUNITIES FUND, LLC FMV 1,848,681 1,848,681
    ARTWORK AT COST 10,700 10,700
    LANDMARK REAL ESTATE PARTNERS FMV 1,031,223 1,031,223
    MACQUARIE INFRASTRUCTURE PARTNERS II INTERNATIONAL, LP FMV 26,611 26,611
    RUBIK HOLDINGS LTD FMV 23,695 23,695
    TRUMBULL PROPERTY FUND LP FMV 4,231,102 4,231,102
    AON OPPORTUNISTIC CREDIT PORTFOLIO FMV 1,627,893 1,627,893
    MS EMERGING MARKETS EQUITIES FMV 4,780,849 4,780,849
    MS WESTERN ASSET COREPLUS FMV 6,621,493 6,621,493
    MS BRECKINRIDGE INT. FIXED INCOME FMV 4,638,575 4,638,575
    MS COMMUNITY CAPITAL MANAGEMENT FMV 5,199,165 5,199,165
    MS BLACKROCK STRATEGIC OPP FMV 2,756,788 2,756,788
    MS SEIX ADVISORS FMV 2,940,282 2,940,282
    MS CROSSMARK GLOBAL FMV 7,715,198 7,715,198
    MS CLEARBRIDGE LCS FMV 4,853,131 4,853,131
    MS CONFLUENCE FMV 4,934,012 4,934,012
    MS BOSTON TRUST WALDEN FMV 4,831,533 4,831,533
    MS KAYNE ANDERSON FMV 4,610,114 4,610,114
    MS HARDING LOEVNER FMV 8,266,350 8,266,350
    MS ARISTOTLE CAPITAL MANAGEMENT FMV 8,619,035 8,619,035
    MS AMERICAN CORE FMV 1,422,931 1,422,931
    MS INTERCONTINENTAL REAL ESTATE FMV 1,717,055 1,717,055

    TY 2021 LandEtcSchedule2
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 272,317 0 272,317 100,000
    BUILDING AND IMPROVEMENTS 3,117,068 1,329,268 1,787,800 1,150,000
    EQUIPMENT, FURNITURE, AND FIXTURES 348,442 256,953 91,489 91,489


    TY 2021 LegalFeesSchedule
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL GOVERNANCE AND COUNSEL 6,748 5   6,743


    TY 2021 OtherAssetsSchedule
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PROGRAM RELATED INVESTMENTS - LOAN RECEIVABLES 1,100,000 1,700,000 1,700,000
    PROGRAM RELATED INVESTMENT - TIY 2013 LLC 6,601 6,601 6,601
    PROGRAM RELATED INVESTMENT - TIY 2014 LLC 5,952 5,952 5,952
    PROGRAM RELATED INVESTMENT - TIY VENTURES S 2015 LLC 3,060 3,060 3,060
    ACCRUED INTEREST   17,994 17,994


    TY 2021 OtherDecreasesSchedule
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Description Amount
    DEFERRED FEDERAL EXCISE TAX EXPENSE 42,589


    TY 2021 OtherExpensesSchedule
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANT RELATED EXPENSES 308,339 0   327,174
    TECHNOLOGY 77,720 7,193   87,329
    PRINTING AND PUBLICATIONS 13,863 43   13,820
    INSURANCE 29,121 7,023   33,899
    SUPPLIES 10,041 1,127   8,256
    COMMUNICATIONS 7,173 2,152   5,027
    OTHER ADMINISTRATIVE EXPENSES 7,225 1,158   6,420
    SCHEDULE K-1 EXPENSES 0 130,666   0
    TELEPHONE 10,767 1,077   9,788


    TY 2021 OtherIncomeSchedule2
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME FROM ALTERNATIVE INVESTMENTS 549,942 544,662 549,942
    PROGRAM LOAN INTEREST 38,407 38,407 38,407
    REBATES AND REFUNDS 800   800


    TY 2021 OtherIncreasesSchedule
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 5,875,147


    TY 2021 OtherLiabilitiesSchedule
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 34,328 0
    TENANT DEPOSITS 6,378 6,378
    DEFERRED TAX LIABILITY 48,018 90,607


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 5,979 239   11,970
    PROPERTY MANAGEMENT 23,250 19,391   3,860
    INVESTMENT EXPENSES 934,238 365,820   0


    TY 2021 TaxesSchedule
    Name:
    MARY BLACK FOUNDATION INC
    EIN:
    57-0843135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 44,503 0   0