TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 10-01-2021 , and ending 09-30-2022

Name of foundation
BROWN FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1414 LUTHER LANE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ARLINGTON HEIGHTS, IL60004

A Employer identification number

36-4198973

B Telephone number (see instructions)

(847) 392-1946

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$879,250J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	900
2	Check .............
3	Interest on savings and temporary cash investments	16		16
4	Dividends and interest from securities...	21,324		21,324
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		225,360
b	Gross sales price for all assets on line 6a 492,674
7	Capital gain net income (from Part IV, line 2)...			225,360
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).......		277	27
12	Total. Add lines 1 through 11........	247,877		246,727
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		200	180	20
c	Other professional fees (attach schedule)....		3,500	3,500	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		461	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		5,438	5,438	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	9,599		9,118	20
25	Contributions, gifts, grants paid.......	68,270			68,270
26	Total expenses and disbursements. Add lines 24 and 25	77,869		9,118	68,290
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	170,008
b	Net investment income (if negative, enter -0-)			237,609
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	88,115	26,997	26,997
	2	Savings and temporary cash investments.........	75,000
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	249,032	444,692	436,876
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	341,889	477,415	415,377
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	754,036	949,104	879,250
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	754,036	949,104
	29	Total net assets or fund balances (see instructions).....	754,036	949,104
	30	Total liabilities and net assets/fund balances (see instructions).	754,036	949,104

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

754,036

Enter amount from Part I, line 27a .....................

170,008

Other increases not included in line 2 (itemize) bullet

25,060

Add lines 1, 2, and 3 ..........................

949,104

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

949,104

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
1 a	PUBLICLY TRADED SECURITIES - LT	P
b	PUBLICLY TRADED SECURITIES - ST	P
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	468,162	243,913	224,249
b	22,095	23,401	-1,306
c	2,417		2,417
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			224,249
b			-1,306
c			2,417
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	225,360
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 ...................		3

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 and enter “N/A" on line 1.
	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	3,303
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	3,303
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	12
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	3,315
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

PEGGY BROWN Telephone no. bullet

(847) 392-1946

Located at bullet

1414 LUTHER LANEARLINGTON HEIGHTSIL ZIP+4 bullet

60004

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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? .............

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)):

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?....................

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
PEGGY BROWN	PRESIDENT 6.00	0	0	0
1414 LUTHER LANE ARLINGTON HEIGHTS,IL60004	PRESIDENT 6.00	0	0	0
CYNTHIA HALL	TREASURER 1.00	0	0	0
1414 LUTHER LANE ARLINGTON HEIGHTS,IL60004	TREASURER 1.00	0	0	0

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...................				0

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............. bullet

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,133,064

Average of monthly cash balances.......................

96,101

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,229,165

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,229,165

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

18,437

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

1,210,728

Minimum investment return. Enter 5% (0.05) of line 5................

60,536

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.)

Minimum investment return from Part IX, line 6..................

60,536

Tax on investment income for 2021 from Part V, line 5.......

3,303

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

3,303

Distributable amount before adjustments. Subtract line 2c from line 1............

57,233

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

57,233

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

57,233

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

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				57,233
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			52,385
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: $ 68,290
a Applied to 2020, but not more than line 2a			52,385
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.....				15,905
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	0
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 ..........				41,328
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) ...	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)

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

PEGGY BROWN
1414 LUTHER LANE
ARLINGTON HEIGHTS,IL60004
(847) 392-1946

bThe form in which applications should be submitted and information and materials they should include:

APPLICATION MUST BE IN THE FORM OF A LETTER STATING HOW THE REQUESTED FUNDS WILL BE USED. REQUESTING ORGANIZATION MUST BE A 501(C)(3) ORGANIZATION.

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2021)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BRIGHT HOPE 2060 STONINGTON AVE HOFFMAN ESTATES,IL60169	NONE	PC	SUPPORT FAITH-BASED MINISTRY THAT SERVES THE EXTREME POOR.	8,500
HABITAT FOR HUMANITY INTERNATIONAL 322 W LAMAR STREET AMERICUS,GA31709	NONE	PC	BUILDS AND REHABILITATES HOMES FOR PARTNER FAMILIES AT NO PROFIT.	250
HEIFER INTERNATIONAL 1 WORLD AVENUE LITTLE ROCK,AR72202	NONE	PC	SUPPORTS LOCAL AGRICULTURAL BUSINESSES TO SERVE THE EXTREME POOR.	770
DOCTORS WITHOUT BORDERS 40 RECTOR STREET 16TH FLOOR NEW YORK,NY10006	NONE	PC	PROVIDING EMERGENCY MEDICAL CARE.	9,000
INNER CITY IMPACT 3327 W FULLERTON AVENUE CHICAGO,IL60647	NONE	PC	SUPPORTS INTEGRATION OF INNER CITY YOUTH INTO LOCAL CHURCHES.	500
PACIFIC GARDEN MISSION 1458 S CANAL ST CHICAGO,IL606075201	NONE	PC	SUPPORT HOMELESS SHELTER.	4,250
MERCY SHIPS 15862 STATE HIGHWAY 110 N LINDALE,TX75771	NONE	PC	SUPPORTING OPERATION OF HOSPITAL SHIPS IN DEVELOPING NATIONS.	9,000
SMILE TRAIN PO BOX 96231 WASHINGTON,DC200777377	NONE	PC	EMPOWER LOCAL MEDICAL PROFESSIONALS WITH TRAINING, FUNDING, AND RESOURCES TO PROVIDE FREE CLEFT SURGERY AND COMPREHENSIVE CLEFT CARE TO CHILDREN GLOBALLY.	8,000
BILLY GRAHAM MINISTRIES 1 BILLY GRAHAM PKWY CHARLOTTE,NC262010001	NONE	PC	FULFILLING THE GREAT COMMISSION BY SHARING THE GOSPEL THROUGH EVERY AVAILABLE MEANS.	8,000
COLLEGE OF THE OZARKS 100 OPPORTUNITY AVE POINT LOOKOUT,MO65726	NONE	PC	TO PROVIDE A CHRISTIAN EDUCATION.	8,000
MOODY BIBLE INSTITUTE 820 N LA SALLE DR CHICAGO,IL606103214	NONE	PC	SUPPORT TO PROVIDE A HIGHER EDUCATION AND MEDIA MINISTRY THAT EXISTS TO EQUIP PEOPLE WITH THE TRUTH OF GOD'S WORD TO BE MATURING FOLLOWERS OF CHRIST WHO ARE MAKING DISCIPLES AROUND THE WORLD.	4,000
TRINITY INTERNATIONAL UNIVERSITY 2065 HALF DAY RD DEERFIELD,IL600151241	NONE	PC	SUPPORT TOWARD UNDERGRADUATE, GRADUATE, AND DOCTORAL DEGREES.	4,000
FOOD FOR THE POOR 6401 LYONS ROAD COCONUT CREEK,FL33073	NONE	PC	MINISTER TO SPIRITUALLY IMPOVERISHED PEOPLE THOUGHOUT LATIN AMERICA AND THE CARIBBEAN.	4,000
Total ................................. 3a				68,270

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	16
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	225,360
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aCORRECTED TAXABLE EXPENDITURE			01	250
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		246,977	0

13Total. Add line 12, columns (b), (d), and (e)..................

246,977

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
7	GRANT RETURN
11	REFUND

Form 990-PF (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

BROWN FAMILY FOUNDATION

EIN:

36-4198973

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	200	180		20

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

BROWN FAMILY FOUNDATION

EIN:

36-4198973

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	5,572	4,752
ADOBE SYSTEMS INC	9,100	4,679
ALTRIA GROUP INC	4,079	4,401
AMERIPRISE FINANCIAL INC.	6,471	5,039
AMGEN INC	5,322	5,184
ANSYS INC	8,480	5,099
AT&T INC	7,300	4,587
ATMOS ENERGY CORP	4,852	4,583
AUTODESK INC	4,631	4,483
BANK AMERICA CORP	6,679	7,369
BLACKSTONE GROUP INC	6,262	4,352
BROADCOM INC	5,216	6,660
CAPITAL ONE FINL CORP	7,849	4,609
CHEVRON CORPORATION	5,799	7,902
CINCINNATI FINL CORP	5,591	4,210
CISCO SYS INC	2,837	5,440
CITIGROUP INC	7,604	4,792
COCA COLA CO	5,316	4,929
COMCAST CORP-CL A	5,471	3,989
COMMERCE BANCSHARES INC	3,277	2,977
CONOCOPHILLIPS	2,135	5,731
CONSTELLATION BRANDS INC	3,978	3,675
CORTEVA INC	6,802	7,944
COTERRA ENERGY INC	4,701	5,538
CROWN CASTLE INTL CORP NEW	6,606	5,059
CULLEN FROST BANKERS INC	4,778	4,496
DANAHER CORP	7,938	6,715
DOW INC	4,050	4,437
DUKE ENERGY CORP	5,592	6,139
ECOLAB INC	6,083	3,899
ELANCO ANIMAL HEALTH INC	4,196	1,862
EXXON MOBIL CORP	5,361	10,390
GENERAL DYNAMICS CORP	9,691	11,457
GENUINE PARTS CO	3,510	7,615
HEALTHPEAK PPTYS INC	7,030	5,776
HONEYWELL INTL INC	5,669	4,341
INTEL CORP	7,642	4,999
J P MORGAN CHASE & CO	4,305	7,211
JOHNSON & JOHNSON	4,334	8,658
KIMBERLY CLARK CORP	4,554	5,627
LENNAR CORP	7,622	5,293
LOWES COS INC	2,331	4,695
MARTIN MARIETTA MATLS INC	7,141	5,476
MERCK & CO INC	4,103	7,320
MICROCHIP TECHNOLOGY INC	7,376	5,310
MICROSOFT CORP	11,838	10,946
MORGAN STANLEY	4,134	8,217
NEXTERA ENERGY	1,668	7,763
OSHKOSH CORP	3,943	2,531
PARKER HANNIFIN CORP	6,505	4,846
PAYPAL HLDGS INC	4,559	2,238
PFIZER INC	4,815	6,958
PHILIP MORRIS INTERNATIONAL	7,504	7,139
PHILLIPS 66	3,273	3,067
PNC FINANCIAL SERVICES GROUP	6,457	4,333
PROCTER & GAMBLE CO	5,709	4,545
QUALCOMM INC	7,618	4,632
RAYTHEON TECHNOLOGIES CORP	2,931	6,958
RPM INTERNATIONAL INC	4,970	4,499
TARGET CORP	3,200	5,639
TRAVELERS COMPANIES INC	1,652	4,443
TRUIST FINL CORP	6,646	5,660
TYSON FOODS INC CLASS A	3,985	2,901
UNITED PARCEL SERVICE CL B	5,336	5,331
VICI PPTYS INC	5,284	5,224
XCEL ENERGY INC	5,268	5,056
XYLEM INC.	6,149	4,630
ALCON INC	5,321	3,956
BCE INC	7,438	7,046
CHUBB LTD	6,477	10,367
DIAGEO PLC ADR	2,089	3,736
JOHNSON CTLS INTL PLC	5,641	6,792
MEDTRONIC PLC	13,508	10,659
MICHELIN (CGDE) UNSPONS ADR	5,873	3,001
MITSUBISHI UFJ FINANCIAL-ADR	2,817	2,070
NOVARTIS AG SPONSORED ADR	6,386	6,841
SIEMENS A G SPONSORED ADR	6,477	4,944
SONY CORP ADR	8,418	4,291
UNILEVER PLC	5,567	5,918

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

BROWN FAMILY FOUNDATION

EIN:

36-4198973

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BOSTON PROPERTIES INC	AT COST	4,632	2,999
EQUITY LIFESTYLE PROPERTIES REIT	AT COST	3,546	2,828
AB SELECT US LONG/SHORT ADVISOR	AT COST	50,000	44,448
AMERICAN BEACON FDS	AT COST	50,000	42,657
CREDIT SUISSE OPPORTUNITY FDS HIGH INCM COMM	AT COST	51,325	47,663
FEDERATED INVESTORS HI YIELD BD	AT COST	51,611	42,659
VANGUARD FIXED INCOME SECS FD	AT COST	17,346	17,851
ISHARES SP US PFRD STK IDX FD	AT COST	27,739	23,753
ISHARES BARCLAYS INTERMEDIATE GOV	AT COST	133,856	122,028
VANGUARD INTERMEDIATE TERM COR	AT COST	87,360	68,491

- TIN:

TY 2021 OtherExpensesSchedule

Name:

BROWN FAMILY FOUNDATION

EIN:

36-4198973

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ADR FEES	6	6		0
AAA ANNUAL MEMBERSHIP FEE	5,432	5,432		0

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

BROWN FAMILY FOUNDATION

EIN:

36-4198973

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
INVESTMENT FEE REFUNDS	27	27	27
CORRECTED TAXABLE EXPENDITURE	250		250

- TIN:

TY 2021 OtherIncreasesSchedule

Name:

BROWN FAMILY FOUNDATION

EIN:

36-4198973

Description	Amount
MISSING COST BASIS FOR SECURITIES SOLD	22,433
BOOK/TAX DIFFERENCE	2,627

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

BROWN FAMILY FOUNDATION

EIN:

36-4198973

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES - MORGAN STANLEY	0	0		0
INVESTMENT FEES - FSTC	3,500	3,500		0

- TIN:

TY 2021 TaxesSchedule

Name:

BROWN FAMILY FOUNDATION

EIN:

36-4198973

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PY EXCISE TAX	461	0		0