Form990-PF
Click to see attachment
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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 12-01-2021 , and ending 11-30-2022
Name of foundation
WILLIAMS FAMILY FOUNDATION
OF GEORGIA INC
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1577
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
THOMASVILLE, GA31799
A Employer identification number

58-1414850
B Telephone number (see instructions)

(229) 226-4300
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$65,743,475J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,966 3,966  
4 Dividends and interest from securities... 586,780 586,780  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,730,239
b Gross sales price for all assets on line 6a 16,891,035
7 Capital gain net income (from Part IV, line 2)... 2,730,239
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).......      
12 Total. Add lines 1 through 11........ 3,320,985 3,320,985  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 85,000 8,500   76,500
14 Other employee salaries and wages...... 75,412 0   75,412
15 Pension plans, employee benefits....... 27,762 2,109   25,482
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 17,131 12,848   4,283
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 70,013 11,903   12,110
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 292,601 204,481   88,120
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 567,919 239,841   281,907
25 Contributions, gifts, grants paid....... 3,038,000 3,038,000
26 Total expenses and disbursements. Add lines 24 and 25 3,605,919 239,841   3,319,907
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -284,934
b Net investment income (if negative, enter -0-) 3,081,144
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............. 202,755 244,866 244,866
2 Savings and temporary cash investments......... 2,312,037 2,673,843 2,673,843
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 47,637,421 Click to see attachment43,020,671 43,020,671
c Investments—corporate bonds (attach schedule)....... 9,411,515 Click to see attachment8,789,089 8,789,089
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 13,619,726 Click to see attachment10,663,974 10,663,974
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment314,626 Click to see attachment351,032 Click to see attachment351,032
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 73,498,080 65,743,475 65,743,475
Liabilities 17 Accounts payable and accrued expenses.......... 3,691  
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 3,691 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 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 73,494,389 65,743,475
29 Total net assets or fund balances (see instructions)..... 73,494,389 65,743,475
30 Total liabilities and net assets/fund balances (see instructions). 73,498,080 65,743,475
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
73,494,389
2
Enter amount from Part I, line 27a .....................
2
-284,934
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
73,209,455
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
7,465,980
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
65,743,475
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 PUBLICALLY TRADED SECURITIES S/T      
b PUBLICALLY TRADED SECURITIES L/T      
c LITIGATION INCOME P    
d LONG TERM CAPITAL GAIN - FROM SEA-HCI K1 P    
e SHORT TERM CAPITAL GAIN - FROM SEA-HCI K1 P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,657,405   4,057,247 -399,842
b 13,027,486   10,101,196 2,926,290
c 5,390     5,390
d 10,074     10,074
e     2,353 -2,353
190,680     190,680
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       -399,842
b       2,926,290
c       5,390
d       10,074
e       -2,353
      190,680
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 2,730,239
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 42,828
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 42,828
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 44,914
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 59,914
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 17,086
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet17,086 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletLANIGAN ASSOCIATES PC Telephone no.bullet (229) 226-8320

    Located atbullet314 GORDON AVENUETHOMASVILLEGA ZIP+4bullet31792
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    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
    DIANE W PARKER SECRETARY/DIRECTOR
    0.00     		0 0 0
    PO BOX 1577
    THOMASVILLE,GA31799
    THOMAS W PARKER PRESIDENT/DIRECTOR
    0.00     		0 0 0
    2030 ERWIN STREET
    FRANKLIN,TN37064
    ALSTON PARKER WATT EXECUTIVE DIRECTOR
    30.00     		85,000 21,205 0
    PO BOX 1577
    THOMASVILLE,GA31799
    THOMAS L WILLIAMS IV DIRECTOR
    0.00     		0 0 0
    PO BOX 1577
    THOMASVILLE,GA31799
    RALEIGH ROLLINS DIRECTOR
    0.00     		0 0 0
    411 GORDON AVENUE
    THOMASVILLE,GA31792
    MARK PARKER DIRECTOR
    0.00     		0 0 0
    240 S HANSELL ST
    THOMASVILLE,GA31792
    KATHERINE HARPER DIRECTOR
    0.00     		0 0 0
    2030 ERWIN STREET
    FRANKLIN,TN37064
    THOMAS PARKER JR ASSOCIATE DIRECTOR
    0.00     		0 0 0
    2030 ERWIN STREET
    FRANKLIN,TN37064
    JUSTIN HARRIS PARKER ASSOCIATE DIRECTOR
    0.00     		0 0 0
    PO BOX 1577
    THOMASVILLE,GA31799
    BRAD JACKSON TREASURER
    0.00     		0 0 0
    314 GORDON AVE
    THOMASVILLE,GA31792
    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
    SONIA B VICK ADMINISTRATIVE
    40.00     		75,300 7,016 0
    478 GREENLEAF TERRACE
    THOMASVILLE,GA31792
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    CHARLES SCHWAB & CO INC INVESTMENT FEES 171,106
    3000 SCHWAB WAY
    WESTLAKE,TX76262
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    64,302,267
    b
    Average of monthly cash balances.......................
    1b
    3,830,503
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    68,132,770
    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
    68,132,770
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,021,992
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    67,110,778
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,355,539
    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
    3,355,539
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    42,828
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    42,828
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,312,711
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,312,711
    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
    3,312,711
    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 3,312,711
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 355,430
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,319,907
    a Applied to 2020, but not more than line 2a 355,430
    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..... 2,964,477
    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 ..........     		348,234
    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)
    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:
    WILLIAMS FAMILY FOUNDATION OF GEORG
    PO BOX 1577
    THOMASVILLE,GA31799
    (229) 228-1828
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS SHOULD BE WRITTEN & CONTAIN INFORMATION REGARDING AMOUNT OF CONTRIBUTION REQUESTED, BUDGET, FINANCIAL STATEMENTS, EXEMPTION LETTER, ETC.
    cAny submission deadlines:
    SPRING DEADLINE: FEBRUARY 1 & FALL DEADLINE: SEPTEMBER 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONSERVATION, HISTORIC PRESERVATION, AND CHILDREN'S WELFARE PRIMARILY IN THOMASVILLE, GA AREA, & OTHER ORGANIZATIONS WITH SPECIAL INTEREST OF FOUNDATION
    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
    ACE SCHOLARSHIPS
    5251 DTC PKWY STE 1150
    GREENWOOD VILLAGE,CO80111     		NONE   GENERAL OPERATING SUPPORT 25,000
    ALL HANDS AND HEARTS
    6 COUNTY ROAD SUITE 6
    MATTAPOISETT,MA02739     		NONE   DISASTER RELIEF 10,000
    ALL SAINTS EPISCOPAL CHURCH
    PO BOX 2626
    THOMASVILLE,GA31799     		NONE   GENERAL OPERATING SUPPORT 25,000
    ARCHBOLD FOUNDATION
    PO BOX 620
    THOMASVILLE,GA31799     		NONE   GENERAL OPERATING SUPPORT 750,000
    ATLANTA BOTANICAL GARDENS
    1345 PIEDMONT AVENUE NE
    ATLANTA,GA30309     		NONE   PROGRAM/PROJECT SUPPORT 500
    BROOKWOOD SCHOOL
    301 CARDINAL RIDGE RD
    THOMASVILLE,GA31792     		NONE   FINANCIAL AID 155,000
    COMMUNITY FOUNDATION FOR GREATER ATLANTA
    191 PEACHTREE STREET NE SUITE 1000
    ATLANTA,GA30303     		NONE   GENERAL OPERATING SUPPORT 10,000
    COMMUNITY FOUNDATION OF SOUTH GEORGIA INC
    PO BOX 2654
    THOMASVILLE,GA31799     		NONE   DISCRETIONARY 414,000
    DUCKS UNLIMITED
    ONE WATERFOWL WAY
    MEMPHIS,TN38120     		NONE   PROGRAM/PROJECT SUPPORT 200,000
    EMORY UNIVERSITY
    1762 CLIFTON RD SUITE 1400
    ATLANTA,GA30322     		NONE   DISCRETIONARY 20,000
    FORWARD ARTS FOUNDATION
    3130 SLATON DR NW
    ATLANTA,GA30305     		NONE   GENERAL OPERATING SUPPORT 500
    GATHERING PLACE THOMASVILLE
    PO BOX 772
    BRUNSWICK,GA31521     		NONE   PROGRAM/PROJECT SUPPORT 20,000
    GEORGIA CONSERVANCY
    230 PEACHTREE STREET NW SUITE 2275
    ATLANTA,GA30303     		NONE   GENERAL OPERATING SUPPORT 500
    GEORGIA HEIRS PROPERTY LAW CENTER
    PO BOX 49294
    ATLANTA,GA30303     		NONE   CAPACITY BUILDING 75,000
    GEORGIA HISTORICAL SOCIETY
    104 WEST GASTON STREET
    SAVANNAH,GA31401     		NONE   PROGRAM/PROJECT SUPPORT 5,000
    GEORGIA NATURAL RESOURCES FOUNDATION
    165 COURTLAND ST STE A224
    ATLANTA,GA30303     		NONE   PROGRAM/PROJECT SUPPORT 10,000
    GEORGIA TRUST FOR HISTORIC PRESERVATION
    1516 PEACHTREE ST NW
    ATLANTA,GA30309     		NONE   PROGRAM/PROJECT SUPPORT 10,000
    GRACEWORKS MINISTRIES
    104 SOUTHEAST PARKWAY
    FRANKLIN,TN37064     		NONE   GENERAL OPERATING SUPPORT 15,000
    HALYCON HOME
    PO BOX 1838
    THOMASVILLE,GA31799     		NONE   PROGRAM/PROJECT SUPPORT 20,000
    HANDS AND HEARTS FOR HORSES
    3824 LOWER CAIRO ROAD
    THOMASVILLE,GA31792     		NONE   GENERAL OPERATING SUPPORT 10,000
    HANDS ON THOMAS COUNTY
    PO BOX 252
    THOMASVILLE,GA31799     		NONE   GENERAL OPERATING SUPPORT 21,000
    JOSHUA'S PROMISE
    PO BOX 3144
    THOMASVILLE,GA31799     		NONE   GENERAL OPERATING SUPPORT 10,000
    LAWSON NEEL MEDBANK
    PO BOX 5756
    THOMASVILLE,GA31758     		NONE   GENERAL OPERATING SUPPORT 16,000
    LIVES WITHOUT LIMITS
    PO BOX 1652
    THOMASVILLE,GA31799     		NONE   PROGRAM/PROJECT SUPPORT 5,000
    MNW BOYS & GIRLS CLUBS OF THOMASVILLE
    PO BOX 3026
    THOMASVILLE,GA31799     		NONE   GENERAL OPERATING 200,000
    NATIONAL GALLERY OF ART
    2000B SOUTH CLUB DRIVE
    LANDOVER,MD20785     		NONE   GENERAL OPERATING SUPPORT 500
    NATIONAL SOCIETY OF COLONIAL DAMES OF GA
    329 ABERCORN ST
    SAVANNAH,GA31401     		NONE   PROGRAM/PROJECT SUPPORT 500
    NATIONAL TRUST FOR HISTORIC PRESERVATION
    2600 VIRGINIA AVE NW SUITE 1100
    WASHINGTON,DC20037     		NONE   GENERAL OPERATING SUPPORT 10,000
    NATURE CONSERVANCY IN GEORGIA
    1270 PEACHTREE STREET NW STE 2275
    ATLANTA,GA30303     		NONE   PROGRAM/PROJECT SUPPORT 1,500
    ONE HEARTBEAT INC
    PO BOX 1391
    THOMASVILLE,GA31792     		NONE   GENERAL OPERATING SUPPORT 10,000
    PHEASANTS FOREVER AND QUAIL FOREVER
    1783 BUERKLE CIRCLE
    SAINT PAUL,MN55110     		NONE   PROGRAM/PROJECT SUPPORT 50,000
    PLANNED PARENTHOOD OF GEORGIA
    241 PEACHTREE ST NE STE 40
    ATLANTA,GA30303     		NONE   PROGRAM/PROJECT SUPPORT 500
    SBP
    2645 TOULOUSE STREET
    NEW ORLEANS,LA70117     		NONE   GENERAL OPERATING SUPPORT 50,000
    SEMINOLE BOOSTERS
    PO BOX 1353
    TALLAHASSEE,FL32302     		NONE   SCHOLARSHIP ENDOWMENT 2,500
    SOUTH GEORGIA BALLET
    PO BOX 1192
    THOMASVILLE,GA31799     		NONE   PROGRAM/PROJECT SUPPORT 25,000
    SOUTH GEORGIA FELLOWSHIP OF CHRISTIAN ATHLETES
    PO BOX 466
    THOMASVILLE,GA31799     		NONE   PROGRAM/PROJECT SUPPORT 20,000
    SPARK THOMASVILLE
    PO BOX 2763
    THOMASVILLE,GA31799     		NONE   GENERAL SUPPORT 10,000
    ST THOMAS EPISCOPAL DAY SCHOOL
    216 REMINGTON AVE
    THOMASVILLE,GA31792     		NONE   PROGRAM/PROJECT SUPPORT 20,000
    TALL TIMBERS
    13093 HENRY BEADEL DRIVE
    TALLAHASSEE,FL32312     		NONE   PROGRAM/PROJECT SUPPORT 10,000
    THE MAYFLY PROJECT
    3541 HARRISON ROAD
    BENTON,AR72019     		NONE   PROGRAM/PROJECT SUPPORT 5,000
    THE SALVATION ARMY
    517 N MADISON
    THOMASVILLE,GA31792     		NONE   GENERAL OPERATING SUPPORT 210,000
    THEODORE ROOSEVELT CONSERVATION PARTNERSHIP INC
    529 14TH STREET SUITE 500
    WASHINGTON,DC20045     		NONE   GENERAL OPERATING SUPPORT 30,000
    THOMAS COUNTY PUBLIC SCHOOLS
    220 N PINETREE BLVD
    THOMASVILLE,GA31792     		NONE   GENERAL OPERATING SUPPORT 25,000
    THOMAS COUNTY YOUTH CAMP
    PO BOX 952
    THOMASVILLE,GA31799     		NONE   PROGRAM/PROJECT SUPPORT 25,000
    THOMAS UNIVERSITY
    1501 MILLPOND ROAD
    THOMASVILLE,GA31792     		NONE   GENERAL OPERATING SUPPORT 50,000
    THOMASVILLE ANTIQUES SHOW FOUNDATION
    PO BOX 1633
    THOMASVILLE,GA31799     		NONE   GENERAL OPERATING SUPPORT 10,000
    THOMASVILLE CENTER FOR THE ARTS
    600 EAST WASHINGTON STREET
    THOMASVILLE,GA31792     		NONE   PROGRAM/PROJECT SUPPORT 52,500
    THOMASVILLE COMMUNITY DEVELOPMENT CORP
    PO BOX 2965
    THOMASVILLE,GA31792     		NONE   GENERAL OPERATING SUPPORT 250,000
    THOMASVILLE DEVELOPMENT AUTHORITY
    401 SOUTH BROAD STREET
    THOMASVILLE,GA31792     		NONE   PROGRAM/PROJECT SUPPORT 2,500
    THOMASVILLE GENEALOGICAL LIBRARY
    PO BOX 1597
    THOMASVILLE,GA31799     		NONE   GENERAL OPERATING SUPPORT 5,000
    THOMASVILLE HISTORY CENTER
    PO BOX 1922
    THOMASVILLE,GA31799     		NONE   GENERAL OPERATING SUPPORT 25,000
    THOMASVILLE LANDMARKS INC
    PO BOX 1285
    THOMASVILLE,GA31799     		NONE   PROGRAM/PROJECT SUPPORT 2,000
    THOMASVILLE THOMAS COUNTY HABITAT FOR HUMANITY
    PO BOX 6925
    THOMASVILLE,GA31758     		NONE   GENERAL OPERATING SUPPORT 50,000
    THOMASVILLE YMCA
    PO BOX 1037
    THOMASVILLE,GA31799     		NONE   SUSTAINING FUND 5,000
    THOMASVILLE-THOMAS COUNTY HUMANE SOCIETY
    180 BIG STAR DRIVE
    THOMASVILLE,GA31757     		NONE   PROGRAM/PROJECT SUPPORT 5,000
    US DEPARTMENT OF STATE DEPARTMENT OF STATE DIPLOMATIC RECEPTION ROOMS
    2201 C ST NW M/FA ROOM 3213
    WASHINGTON,DC20520     		NONE   PROGRAM/PROJECT SUPPORT 10,000
    UVA FRANK BATTEN SCHOOL OF LEADERSHIP
    PO BOX 400807
    CHARLOTTESVILLE,VA22904     		NONE   PROGRAM/PROJECT SUPPORT 5,000
    WASHINGTON & LEE UNIVERSITY
    204 W WASHINGTON STREET
    LEXINGTON,VA24450     		NONE   PROGRAM/PROJECT SUPPORT 25,000
    YOUNG LIFE THOMAS COUNTY
    PO BOX 1216
    THOMASVILLE,GA31799     		NONE   PROGRAM/PROJECT SUPPORT 8,000
    Total .................................bullet 3a 3,038,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 3,966  
    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 2,730,239  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 3,320,985 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,320,985
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    WILLIAMS FAMILY FOUNDATION
     
    OF GEORGIA INC
    EIN:
    58-1414850
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 17,131 12,848   4,283

    TY 2021 GeneralExplanationAttachment
    Name:
    WILLIAMS FAMILY FOUNDATION
     
    OF GEORGIA INC
    EIN:
    58-1414850
    Identifier Return Reference Explanation
      REQUIRED DISCLOSURE RELATED TO FORM 5471 FILED BY ANOTHER PARTY WILLIAMS FAMILY FOUNDATION OF GEORGIA, INC. (58-1414850) OWNS 41.44% OF A FOREIGN CORPORATION, COVEY CAPITAL PARTNERS, LTD, FEIN 98-1162967 BUT HAS NO VOTING POWER.THE FILING REQUIREMENTS FOR FORM 5471 WITH RESPECT TO THIS FOREIGN CORPORATION HAVE BEEN MET BY COVEY CAPITAL ADVISORS, LLC, FEIN 26-0220147 AND WHICH WAS INCLUDED IN THEIR E-FILED RETURN.A SEPARATE FORM P IS ATTACHED PER THE INSTRUCTIONS. THE SCHEDULE P IS ATTACHED TO THE FORM 8938 "PDF" DUE TO ELECTRONIC FILING LIMITATIONS.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    WILLIAMS FAMILY FOUNDATION
     
    OF GEORGIA INC
    EIN:
    58-1414850
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 8,789,089 8,789,089

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    WILLIAMS FAMILY FOUNDATION
     
    OF GEORGIA INC
    EIN:
    58-1414850
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCKS 43,020,671 43,020,671

    TY 2021 InvestmentsOtherSchedule2
    Name:
    WILLIAMS FAMILY FOUNDATION
     
    OF GEORGIA INC
    EIN:
    58-1414850
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALTERNATIVE INVESTMENTS FMV 10,663,974 10,663,974

    TY 2021 OtherAssetsSchedule
    Name:
    WILLIAMS FAMILY FOUNDATION
     
    OF GEORGIA INC
    EIN:
    58-1414850
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SOFTWARE 20,327 20,327 20,327
    ACCUMULATED AMORTIZATION -20,327 -20,327 -20,327
    OFFICE FURNITURE 40,356 40,356 40,356
    ACCUMULATED DEPRECIATION -40,356 -40,356 -40,356
    BUILDING/LAND/IMPROVEMENTS 314,626 351,032 351,032


    TY 2021 OtherDecreasesSchedule
    Name:
    WILLIAMS FAMILY FOUNDATION
     
    OF GEORGIA INC
    EIN:
    58-1414850
    Description Amount
    UNREALIZED GAIN/LOSS 7,465,980


    TY 2021 OtherExpensesSchedule
    Name:
    WILLIAMS FAMILY FOUNDATION
     
    OF GEORGIA INC
    EIN:
    58-1414850
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSE 204,285 204,285   0
    WFFG HOLDINGS LLC EXPENSES 2,382 0   2,382
    BANK CHARGES 211 0   211
    LIFE INSURANCE 114 0   114
    BOOKS & SUBSCRIPTIONS 11,912 0   11,912
    POSTAGE & MAILING 511 0   511
    TELEPHONE 2,373 0   2,373
    CONFERENCES & CONVENTIONS 12,258 0   12,258
    MEETING EXPENSE 1,115 0   1,115
    OFFICE EXPENSE 10,940 0   10,940
    LONG TERM DISABILITY 345 0   345
    QUICKBOOKS PAYROLL FEES 941 0   941
    EQUIPMENT RENTAL 85 0   85
    OFFICE SUPPLIES 56 0   56
    OTHER INVESTMENT EXPENSES 196 196   0
    IT CONSULTING 2,625 0   2,625
    TCDC EXPENSES 40,774 0   40,774
    PROFESSIONAL DEVELOPMENT 120 0   120
    BENEFITS 171 0   171
    VISION - SELF INSURANCE 1,187 0   1,187


    TY 2021 TaxesSchedule
    Name:
    WILLIAMS FAMILY FOUNDATION
     
    OF GEORGIA INC
    EIN:
    58-1414850
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 12,760 650   12,110
    FOREIGN TAXES 11,253 11,253   0
    TAXES & LICENSES 46,000 0   0