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 11-01-2021 , and ending 10-31-2022

Name of foundation
ALBERT E AND ETHEL I CARLTON FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

84-6331869

B Telephone number (see instructions)

(888) 730-4933

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

$12,413,335J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	373,574		373,574
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		133,246
b	Gross sales price for all assets on line 6a 470,429
7	Capital gain net income (from Part IV, line 2)...			133,246
8	Net short-term capital gain.........				0
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).......		37,679	37,679
12	Total. Add lines 1 through 11........	544,499		544,499
13	Compensation of officers, directors, trustees, etc.	116,979		116,979
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,015	0	0	1,015
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		23,533	5,685		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		1,996	1,996
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	143,523		124,660	0	1,015
25	Contributions, gifts, grants paid.......	631,355				631,355
26	Total expenses and disbursements. Add lines 24 and 25	774,878		124,660	0	632,370
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-230,379
b	Net investment income (if negative, enter -0-)			419,839
c	Adjusted net income (if negative, enter -0-)...				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.............	475	1,215	1,215
	2	Savings and temporary cash investments.........	271,153	218,418	218,418
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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).......	1,909,150	1,992,712	4,555,868
	c	Investments—corporate bonds (attach schedule).......	156,499	77,809	73,903
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	6,583,234	6,399,551	7,563,931
	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)	8,920,511	8,689,705	12,413,335
	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
		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........	8,920,511	8,689,705
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	8,920,511	8,689,705
	30	Total liabilities and net assets/fund balances (see instructions).	8,920,511	8,689,705

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

8,920,511

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

-230,379

Other increases not included in line 2 (itemize) bullet

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

8,690,218

Decreases not included in line 2 (itemize) bullet

513

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

8,689,705

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	250. ISHARES MSCI EAFE ETF		2011-09-08	2021-11-16
b	805. FLEXTRONICS INTL LTD		2020-11-10	2021-11-19
c	805. FLEXTRONICS INTL LTD		2020-11-10	2021-11-19
d	805. FLEXTRONICS INTL LTD		2020-11-10	2021-11-19
e	1200. ISHARES GOLD TRUST ETF		2021-01-02	2021-11-30
	1200. ISHARES GOLD TRUST ETF		2021-01-02	2021-11-30
	1200. ISHARES GOLD TRUST ETF		2021-01-02	2021-11-30
	6. BLACKROCK INC		2019-05-08	2021-12-22
	6. BLACKROCK INC		2019-05-08	2021-12-22
	6. BLACKROCK INC		2019-05-08	2021-12-22
	35. BLACKSTONE INC		2021-07-06	2021-12-22
	5. BLACKSTONE INC		2020-11-10	2021-12-22
	35. BLACKSTONE INC		2021-07-06	2021-12-22
	5. BLACKSTONE INC		2020-11-10	2021-12-22
	35. BLACKSTONE INC		2021-07-06	2021-12-22
	5. BLACKSTONE INC		2020-11-10	2021-12-22
	15. MICROSOFT CORP		2003-08-27	2021-12-22
	15. MICROSOFT CORP		2003-08-27	2021-12-22
	15. MICROSOFT CORP		2003-08-27	2021-12-22
	20. NIKE INC CL B		2019-03-15	2021-12-22
	20. NIKE INC CL B		2019-03-15	2021-12-22
	20. NIKE INC CL B		2019-03-15	2021-12-22
	1200. ISHARES GOLD TRUST ETF		2021-01-02	2021-12-31
	1200. ISHARES GOLD TRUST ETF		2021-01-02	2021-12-31
	1200. ISHARES GOLD TRUST ETF		2021-01-02	2021-12-31
	184. ISHARES S&P MID-CAP 400 VALUE		2011-06-02	2022-02-09
	35. UNION PACIFIC CORP		2010-06-30	2022-02-10
	35. UNION PACIFIC CORP		2010-06-30	2022-02-10
	35. UNION PACIFIC CORP		2010-06-30	2022-02-10
	156.495 FIDELITY NEW MRKTS INC-Z #3323		2014-10-07	2022-03-10
	944.51 PIMCO HIGH YIELD FD-INST #108		2021-01-13	2022-03-10
	70. CVS HEALTH CORPORATION		2009-06-29	2022-06-23
	70. CVS HEALTH CORPORATION		2009-06-29	2022-06-23
	70. CVS HEALTH CORPORATION		2009-06-29	2022-06-23
	45. CELANESE CORP		2011-07-06	2022-06-23
	45. CELANESE CORP		2011-07-06	2022-06-23
	45. CELANESE CORP		2011-07-06	2022-06-23
	325. HAIN CELESTIAL GROUP INC		2020-11-10	2022-06-24
	325. HAIN CELESTIAL GROUP INC		2020-11-10	2022-06-24
	325. HAIN CELESTIAL GROUP INC		2020-11-10	2022-06-24
	15. ELI LILLY & CO COM		2021-10-13	2022-06-24
	15. ELI LILLY & CO COM		2021-10-13	2022-06-24
	15. ELI LILLY & CO COM		2021-10-13	2022-06-24
	5. UNITEDHEALTH GROUP INC		2010-06-30	2022-06-24
	5. UNITEDHEALTH GROUP INC		2010-06-30	2022-06-24
	5. UNITEDHEALTH GROUP INC		2010-06-30	2022-06-24
	25000. BP CAPITAL MARKETS 3.994% 9/26/23		2014-10-03	2022-06-30
	25000. BP CAPITAL MARKETS 3.994% 9/26/23		2014-10-03	2022-06-30
	25000. BP CAPITAL MARKETS 3.994% 9/26/23		2014-10-03	2022-06-30
	100. MEDTRONIC PLC			2022-08-22
	100. MEDTRONIC PLC			2022-08-22
	100. MEDTRONIC PLC			2022-08-22
	751.314 BARON EMERGING MARKETS-INS #1575		2021-05-06	2022-09-02
	217. ISHARES S&P MID-CAP 400 GROWTH		2011-06-01	2022-09-02
	3273.322 TCW EMRG MRKTS INC-PLAN #5721		2019-03-15	2022-09-02
	160. VANGUARD REAL ESTATE ETF		2013-05-29	2022-09-02
	197. VANGUARD REAL ESTATE ETF		2013-05-29	2022-10-13
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	20,315	12,750	7,565
b	14,371	12,258	2,113
c	14,371	12,258	2,113
d	14,371	12,258	2,113
e	9	9
	9	9
	9	9
	5,489	2,804	2,685
	5,489	2,804	2,685
	5,489	2,804	2,685
	4,518	3,404	1,114
	645	285	360
	4,518	3,404	1,114
	645	285	360
	4,518	3,404	1,114
	645	285	360
	4,963	397	4,566
	4,963	397	4,566
	4,963	397	4,566
	3,297	1,736	1,561
	3,297	1,736	1,561
	3,297	1,736	1,561
	9	9
	9	9
	9	9
	20,048	7,757	12,291
	8,585	1,226	7,359
	8,585	1,226	7,359
	8,585	1,226	7,359
	2,000	2,522	-522
	8,000	8,567	-567
	6,453	2,257	4,196
	6,453	2,257	4,196
	6,453	2,257	4,196
	5,424	2,464	2,960
	5,424	2,464	2,960
	5,424	2,464	2,960
	7,485	10,756	-3,271
	7,485	10,756	-3,271
	7,485	10,756	-3,271
	4,814	3,558	1,256
	4,814	3,558	1,256
	4,814	3,558	1,256
	2,470	143	2,327
	2,470	143	2,327
	2,470	143	2,327
	25,239	26,230	-991
	25,239	26,230	-991
	25,239	26,230	-991
	9,313	10,298	-985
	9,313	10,298	-985
	9,313	10,298	-985
	9,895	14,545	-4,650
	14,895	6,112	8,783
	20,065	26,580	-6,515
	14,917	11,136	3,781
	15,183	13,712	1,471
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859
			35,859

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			7,565
b			2,113
c			2,113
d			2,113
e


			2,685
			2,685
			2,685
			1,114
			360
			1,114
			360
			1,114
			360
			4,566
			4,566
			4,566
			1,561
			1,561
			1,561



			12,291
			7,359
			7,359
			7,359
			-522
			-567
			4,196
			4,196
			4,196
			2,960
			2,960
			2,960
			-3,271
			-3,271
			-3,271
			1,256
			1,256
			1,256
			2,327
			2,327
			2,327
			-991
			-991
			-991
			-985
			-985
			-985
			-4,650
			8,783
			-6,515
			3,781
			1,471

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	133,246
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	5,836
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	5,836
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	11,304
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	11,304
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	5,468
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax5,468	Refunded	11	0

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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

Yes

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

WELLS FARGO BANK NA Telephone no. bullet

(888) 730-4933

Located at bullet

6325 S RAINBOW BLVD STE 300LAS VEGASNV ZIP+4 bullet

89118

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)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(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
WELLS FARGO BANK N A	TRUSTEE 1	116,979
100 N MAIN ST MAC D4001-117 WINSTON SALEM,NC27101	TRUSTEE 1	116,979

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

13,402,645

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

208,493

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

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

13,611,138

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

13,611,138

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

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

204,167

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

13,406,971

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

670,349

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

670,349

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

5,836

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

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

5,836

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

664,513

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

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

664,513

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

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

664,513

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					664,513
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				630,480
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......	0
b From 2017......	0
c From 2018......	0
d From 2019......	0
e From 2020......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2021 from Part
XI, line 4: $ 632,370
a Applied to 2020, but not more than line 2a				630,480
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.....					1,890
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 ..........					662,623
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....	0
b Excess from 2018....	0
c Excess from 2019....	0
d Excess from 2020....	0
e Excess from 2021....	0

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).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2021)

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
COLORADO COLLEGE 14 E CACHE LA POUDRE ST COLORADO SPRINGS,CO809033243	NONE	PC	GENERAL SUPPORT	200,193
GRACE EPISCOPAL CHURCH 601 N TEJON ST COLORADO SPRINGS,CO80903	NONE	PC	GENERAL OPERATING	225,000
CATHOLIC HEALTH INITIATIVES COLORADO FOUNDATION 9100 E MINERAL CIR CENTENNIAL,CO801123401	NONE	PC	GENERAL SUPPORT	206,162
Total ................................. 3a				631,355

bApproved for future payment

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

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 ...........
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	133,246
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			1	7,664
bFROM PARTNERSHIP/S			1	30,015
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				544,499

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

544,499

(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.)

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:

ALBERT E AND ETHEL I CARLTON FOUNDATION

EIN:

84-6331869

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,015			1,015

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

ALBERT E AND ETHEL I CARLTON FOUNDATION

EIN:

84-6331869

Name of Bond	End of Year Book Value	End of Year Fair Market Value
89153VAL3 TOTAL CAPITAL INTL 3	77,809	73,903
05565QCJ5 BP CAPITAL MARKETS 3

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

ALBERT E AND ETHEL I CARLTON FOUNDATION

EIN:

84-6331869

Name of Stock	End of Year Book Value	End of Year Fair Market Value
512807108 LAM RESEARCH CORP CO	20,924	42,502
H2906T109 GARMIN LTD	55,790	39,618
517834107 LAS VEGAS SANDS CORP	68,520	48,463
11135F101 BROADCOM INC	54,545	84,622
94106L109 WASTE MANAGEMENT INC	62,839	80,769
418056107 HASBRO INC	64,995	44,044
Y2573F102 FLEX LTD
58933Y105 MERCK & CO INC NEW	59,901	86,526
00287Y109 ABBVIE INC	59,874	79,056
192446102 COGNIZANT TECH SOLUT	64,834	58,826
30303M102 META PLATFORMS INC	54,590	20,961
405217100 HAIN CELESTIAL GROUP
254687106 WALT DISNEY CO	19,147	51,139
460690100 INTERPUBLIC GROUP CO	29,217	39,323
911312106 UNITED PARCEL SERVIC	29,394	75,497
871829107 SYSCO CORP	43,494	67,517
126650100 CVS HEALTH CORPORATI	22,246	65,343
02079K107 ALPHABET INC CL C	61,623	170,388
883556102 THERMO FISHER SCIENT	4,871	53,967
654106103 NIKE INC CL B	33,730	36,145
92826C839 VISA INC-CLASS A SHR	56,601	65,255
891160509 TORONTO DOMINION BK	62,327	67,190
H84989104 TE CONNECTIVITY LTD	47,225	53,170
09857L108 BOOKING HOLDINGS INC	31,213	33,651
56501R106 MANULIFE FINANCIAL C	86,490	79,192
G29183103 EATON CORP PLC	61,780	76,536
097023105 BOEING CO	22,671	42,753
09260D107 BLACKSTONE INC	29,919	47,849
17275R102 CISCO SYSTEMS INC	32,871	56,560
75513E101 RAYTHEON TECHNOLOGIE	75,148	91,027
285512109 ELECTRONIC ARTS INC	39,789	51,014
904767704 UNILEVER PLC - ADR	22,171	20,480
46625H100 JPMORGAN CHASE & CO	19,214	92,522
609207105 MONDELEZ INTERNATION	60,388	69,165
25243Q205 DIAGEO PLC - ADR	20,744	50,091
037833100 APPLE INC	17,355	282,912
87612E106 TARGET CORP	11,084	46,811
667999015 GARDEN CITY CO COLOR	31,049	1,234,834
31620M106 FIDELITY NATL INFORM	85,044	60,998
89151E109 TOTALENERGIES SE -SP	63,032	77,226
594918104 MICROSOFT CORP	25,420	222,845
532457108 ELI LILLY & CO COM	31,055	97,764
91324P102 UNITEDHEALTH GROUP I	6,847	133,236
172967424 CITIGROUP INC.	84,562	66,038
G5960L103 MEDTRONIC PLC
150870103 CELANESE CORP	22,076	44,696
867224107 SUNCOR ENERGY INC NE	53,182	88,726
907818108 UNION PACIFIC CORP	9,455	53,228
09247X101 BLACKROCK INC	37,170	65,883
7591EP100 REGIONS FINL CORP NE	36,296	39,510

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

ALBERT E AND ETHEL I CARLTON FOUNDATION

EIN:

84-6331869

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
464287606 ISHARES S&P MID-CAP	AT COST	230,614	646,958
464287465 ISHARES MSCI EAFE ET	AT COST	251,756	296,550
254687106 WALT DISNEY CO
261980668 DREYFUS INTERNATL BO
922908553 VANGUARD REAL ESTATE	AT COST	338,026	462,033
MI0346228 GOSHEN WYOMING MI	AT COST	1	1
25243Q205 DIAGEO PLC - ADR
641069406 NESTLE S.A. REGISTER
46625H100 JPMORGAN CHASE & CO
61174X109 MONSTER BEVERAGE COR
262028855 DRIEHAUS ACTIVE INCO
517834107 LAS VEGAS SANDS CORP
G29183103 EATON CORP PLC
921943858 VANGUARD EUROPE PACI
22544R305 CREDIT SUISSE COMM R
097023105 BOEING CO
693390882 PIMCO FOREIGN BD FD
89151E109 TOTAL S.A. - ADR
404280406 HSBC - ADR
87612E106 TARGET CORP
464287804 ISHARES CORE S&P SMA	AT COST	307,620	918,000
166764100 CHEVRON CORP
084670702 BERSHIRE HATHAWAY IN
277911491 EATON VANCE FLOATING
67065Q772 NUVEEN HIGH YIELD MU
172967424 CITIGROUP INC.
25264S833 DIAMOND HILL LONG/SH	AT COST	123,439	202,460
05565QCJ5 BP CAPITAL MARKETS 3
MI0346202 GOSHEN, WYOMING, MI	AT COST	1	1
89153VAL3 TOTAL CAPITAL INTL 3
58155Q103 MCKESSON CORP
911312106 UNITED PARCEL SERVIC
RE0188509 CHALLIS LODE MINING	AT COST	3	59,895
902973304 US BANCORP DEL NEW
150870103 CELANESE CORP
4812C0803 JPMORGAN HIGH YIELD
77958B402 T ROWE PRICE INST FL	AT COST	246,720	219,360
12572Q105 CME GROUP INC
921937819 VANGUARD INTERMEDIAT	AT COST	575,066	489,647
17275R102 CISCO SYSTEMS INC
315920702 FID ADV EMER MKTS IN
464287200 ISHARES CORE S & P 5	AT COST	50,414	145,421
G51502105 JOHNSON CTLS INTL PL
GTC997004 GAI CORBIN MULTI STR
64128R608 NEUBERGER BERMAN LON	AT COST	34,345	43,527
037833100 APPLE INC
231021106 CUMMINS INC.
459200101 INTERNATIONAL BUSINE
68389X105 ORACLE CORPORATION
742537236 PRINCIPAL GL MULT ST	AT COST	28,395	28,881
667999015 GARDEN CITY CO COLOR
03524A108 ANHEUSER-BUSCH INBEV
58933Y105 MERCK & CO INC NEW
20030N101 COMCAST CORP CLASS A
63872T885 ALPHA SIMPLX GLOBAL
191216AR1 COCA-COLA CO/THE 3.1
922042858 VANGUARD FTSE EMERGI	AT COST	604,774	507,821
921937827 VANGUARD SHORT TERM	AT COST	382,190	351,774
MI0346210 GOSHEN, WYOMING, MI	AT COST	1	1
06406HCR8 BANK OF NEW YORK MEL
375558103 GILEAD SCIENCES INC
806857108 SCHLUMBERGER LTD
872540109 TJX COMPANIES INC
907818108 UNION PACIFIC CORP
91324P102 UNITEDHEALTH GROUP I
589509207 MERGER FUND-INST #30	AT COST	90,118	99,599
867224107 SUNCOR ENERGY INC NE
02079K107 ALPHABET INC CL C
GTY995004 GAI AGILITY INCOME F
G0084W101 ADIENT PLC -W/I
78463X863 SPDR DJ WILSHIRE INT
008252108 AFFILIATED MANAGERS
126650100 CVS HEALTH CORPORATI
594918104 MICROSOFT CORP
883556102 THERMO FISHER SCIENT
38141G104 GOLDMAN SACHS GROUP
09247X101 BLACKROCK INC
464287705 ISHARES S&P MID-CAP	AT COST	212,323	583,345
277923728 EATON VANCE GLOBAL M
617446448 MORGAN STANLEY
87234N765 TCW EMRG MKTS INCM-I
654106103 NIKE INC CL B
693475105 PNC FINANCIAL SERVIC
09260C703 BLACKROCK GL L/S CRE	AT COST	300,000	273,690
H84989104 TE CONNECTIVITY LTD
848574109 SPIRIT AEROSYTSEMS H
192446102 COGNIZANT TECH SOLUT
437076102 HOME DEPOT INC
11135F101 BROADCOM INC
31641Q755 FIDELITY NEW MRKTS I	AT COST	126,157	83,984
023135106 AMAZON COM INC COM
285512109 ELECTRONIC ARTS INC
316390152 FIDELITY ADV INTL RL
GTC996442 CORBIN MULTI STRATEG	AT COST	190,876	113,259
512807108 LAM RESEARCH CORP CO
56501R106 MANULIFE FINANCIAL C
46429B697 ISHARES MSCI USA MIN	AT COST	219,840	243,826
26875P101 EOG RESOURCES, INC
755111507 RAYTHEON CO
52106N459 LAZARD GL LIST INFRA	AT COST	140,634	143,591
609207105 MONDELEZ INTERNATION
90267B682 ETRACS ALERIAN MLP E
532457108 ELI LILLY & CO COM
67065Q558 NUVEEN HIGH YLD MUNI
GTY999HB4 ASGI AGILITY INCOME
00206R102 AT & T INC
31620M106 FIDELITY NATL INFORM
98978V103 ZOETIS INC
75513E101 RAYTHEON TECHNOLOGIE
904784709 UNILEVER N.V. - ADR
94106L109 WASTE MANAGEMENT INC
G5960L103 MEDTRONIC PLC
693390841 PIMCO HIGH YIELD FD-	AT COST	491,433	426,185
27831R108 EV GLBL MACR ABS RTR	AT COST	164,179	137,860
92826C839 VISA INC-CLASS A SHR
90274D374 ETRACS ALERIAN MLP I	AT COST	142,641	128,889
871829107 SYSCO CORP
06828M876 BARON EMERGING MARKE	AT COST	135,455	81,930
464285204 ISHARES GOLD TRUST E	AT COST	127,080	111,528
46138B103 INVESCO DB COMMODITY	AT COST	183,150	226,080
872365713 TCW EMRG MRKTS INC-P	AT COST	498,420	348,031
63872T448 ALPHA SIMPLX GLOBAL	AT COST	203,880	189,804

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

ALBERT E AND ETHEL I CARLTON FOUNDATION

EIN:

84-6331869

Description	Amount
MUTUAL FUND TIMING ADJ	513

- TIN:

TY 2021 OtherExpensesSchedule

Name:

ALBERT E AND ETHEL I CARLTON FOUNDATION

EIN:

84-6331869

Description	Revenue and Expenses per Books	Net Investment Income
INVESTMENT EXPENSES - ADR FEES	66	66
INVESTMENT EXPENSES - PROCEEDS	52	52
RENT AND ROYALTY EXPENSES	954	954
FROM PARTNERSHIP/S-CORP	924	924

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

ALBERT E AND ETHEL I CARLTON FOUNDATION

EIN:

84-6331869

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	7,664	7,664
FROM PARTNERSHIP/S-CORP	30,015	30,015

- TIN:

TY 2021 OtherIncreasesSchedule

Name:

ALBERT E AND ETHEL I CARLTON FOUNDATION

EIN:

84-6331869

Description	Amount
COST BASIS ADJUSTMENT	86

- TIN:

TY 2021 TaxesSchedule

Name:

ALBERT E AND ETHEL I CARLTON FOUNDATION

EIN:

84-6331869

Category	Amount	Net Investment Income
FOREIGN TAXES	4,456	4,456
FEDERAL TAX PAYMENT - PRIOR YE	6,544	0
FEDERAL ESTIMATES - PRINCIPAL	11,304	0
FOREIGN TAXES ON QUALIFIED FOR	267	267
FOREIGN TAXES ON NONQUALIFIED	962	962