Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022
Name of foundation
LON & JESSIE ROGERS EDUCATIONAL TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

61-6019469
B Telephone number (see instructions)

(800) 496-2583
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$13,453,886J 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      
4 Dividends and interest from securities... 411,823 411,823  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 121,103
b Gross sales price for all assets on line 6a 1,730,815
7 Capital gain net income (from Part IV, line 2)... 121,103
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)....... Click to see attachment 59,311 59,311  
12 Total. Add lines 1 through 11........ 592,237 592,237  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 131,132 68,784   62,348
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).......        
c Other professional fees (attach schedule).... Click to see attachment 3,003 3,003   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,757 7,370   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)....... Click to see attachment 23,793 12,403   11,390
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 178,685 91,560 0 73,738
25 Contributions, gifts, grants paid....... 673,530 673,530
26 Total expenses and disbursements. Add lines 24 and 25 852,215 91,560 0 747,268
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -259,978
b Net investment income (if negative, enter -0-) 500,677
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 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.............      
2 Savings and temporary cash investments......... 430,251 411,119 411,119
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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) bullet1,634,999
Less: allowance for doubtful accounts bullet0 1,651,113 Click to see attachment1,634,999 1,634,999
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)....... 6,929,744 Click to see attachment6,377,283 8,546,937
c Investments—corporate bonds (attach schedule)....... 1,882,526 Click to see attachment2,212,649 1,948,997
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 703,334 Click to see attachment646,551 616,907
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment28,998 Click to see attachment28,998 Click to see attachment294,927
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,625,966 11,311,599 13,453,886
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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........ 11,625,966 11,311,599
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)..... 11,625,966 11,311,599
30 Total liabilities and net assets/fund balances (see instructions). 11,625,966 11,311,599
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
11,625,966
2
Enter amount from Part I, line 27a .....................
2
-259,978
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
154,470
4
Add lines 1, 2, and 3 ..........................
4
11,520,458
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
208,859
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,311,599
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 . CASH RECEIPT SECURITIES LITIGATION     2021-10-08
b 3199. ISHARES CORE MSCI EMERGING     2021-10-28
c 1231. ISHARES CORE MSCI EMERGING   2020-10-21 2021-10-28
d 1414. JPMORGAN BETABUILDERS JAPAN ETF     2021-10-28
e 1346.964 BLACKSTONE ALT MULTI-STRAT-Y   2021-09-15 2021-11-01
467.576 FIDELITY 500 INDEX FUND   2021-10-28 2021-11-01
586. JPMORGAN BETABUILDERS CANADA   2018-08-14 2021-11-01
8356.144 SIX CIRCLES US UNCONSTR EQ   2021-02-12 2021-11-01
1454.721 SIX CIRCLES GLOBAL BOND   2020-08-17 2021-11-01
5310. ISHARES US TREASURY BOND ETF     2022-01-26
1648. VANGUARD BD INDEX TOTAL BD MKT ETF     2022-01-26
3931.001 SIX CIRCLES CREDIT OPPORT   2021-06-02 2022-02-08
9859.389 SIX CIRCLES CREDIT OPPORT   2020-11-09 2022-02-08
4. JPMORGAN BETABUILDERS EUROPE ETF   2021-05-19 2022-05-31
3120. JPMORGAN BETABUILDERS EUROPE ETF     2022-05-31
1520. JPMORGAN BETABUILDERS EUROPE ETF     2022-05-31
1. JPMORGAN BETABUILDERS EUROPE ETF   2021-04-20 2022-05-31
49. JPMORGAN BETABUILDERS EUROPE ETF     2022-05-31
573.482 FIDELITY INTL INDX-INST PRM   2021-09-15 2022-08-09
3228.111 FIDELITY INTL INDX-INST PRM     2022-08-09
2428. JPMORGAN BETABUILDERS EUROPE ETF     2022-08-09
2668.1 NEUBERGER BERMAN LONG SH-INS     2022-08-09
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 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 25     25
b 201,979   176,910 25,069
c 77,736   68,036 9,700
d 80,909   80,349 560
e 14,547   14,534 13
74,901   74,616 285
40,188   29,169 11,019
143,475   119,075 24,400
14,547   14,824 -277
137,369   140,258 -2,889
136,314   139,764 -3,450
39,271   40,450 -1,179
98,495   100,566 -2,071
210   234 -24
164,530   180,801 -16,271
79,830   86,411 -6,581
53   57 -4
2,578   2,658 -80
23,754   29,465 -5,711
133,708   151,454 -17,746
116,295   117,832 -1,537
45,918   42,249 3,669
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
      104,183
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       25
b       25,069
c       9,700
d       560
e       13
      285
      11,019
      24,400
      -277
      -2,889
      -3,450
      -1,179
      -2,071
      -24
      -16,271
      -6,581
      -4
      -80
      -5,711
      -17,746
      -1,537
      3,669
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 121,103
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 6,959
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 6,959
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 11,869
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,591
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,460
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 6,501
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet6,501 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletKY
    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 ofbulletJP MORGAN CHASE BANK NA Telephone no.bullet (800) 496-2583

    Located atbullet10 S DEARBORN ST MC IL1-0111CHICAGOIL ZIP+4bullet60603
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (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
     
    No
    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
    JP MORGAN CHASE BANK NA TRUSTEE
    2     		131,132    
    10 S DEARBORN ST MC IL1-0111
    CHICAGO,IL60603
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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 LOW INTEREST STUDENT LOANS 154,456
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet154,456
    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
    13,185,601
    b
    Average of monthly cash balances.......................
    1b
    594,807
    c
    Fair market value of all other assets (see instructions)................
    1c
    294,926
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,075,334
    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
    14,075,334
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    211,130
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    13,864,204
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    693,210
    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
    693,210
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    6,959
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,959
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    686,251
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    116,240
    5
    Add lines 3 and 4............................
    5
    802,491
    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
    802,491
    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 7 802,491
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 827,984
    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: bullet$ 901,724
    a Applied to 2020, but not more than line 2a 827,984
    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..... 73,740
    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 ..........     		728,751
    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)
    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:
    JPMORGAN CHASE BANK NA ROGERS EDU
    2200 ROSS AVE
    DALLAS,TX75201
    (214) 965-2914
    bThe form in which applications should be submitted and information and materials they should include:
    THE APPLICATION FORM IS AVAILABLE FROM JPMORGAN CHASE BANK, NA.
    cAny submission deadlines:
    REASONABLE TIME BEFORE THE TUITION DUE DATE.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LOW INTEREST LOANS AND SCHOLARSHIPS GIVEN TO STUDENTS (RESIDENTS OF OHIO, MUHLENBERG, AND PIKE COUNTIES IN KY). PREFERENCE GIVEN TO CENTRE COLLEGE STUDENTS, REMAINDER TO STUDENTS OF OTHER NON-PUBLIC COLLEGES.
    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
    ADELINE CAITLYN BARNE
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 5,400
    ALLISON JUNE BARROWS
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 68,000
    ALLY BREE POWERS
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 29,000
    AUTUMN JONES
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 1,849
    AVEREY ELIZABETH DUECHLE
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 61,900
    BAILEY ALEXIS RUCKER
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 25,400
    BYRON DRAKE NUNNERY
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 2,200
    CALEB DOTSON
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 1,849
    CHLOE ROBINETTE
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 1,849
    CHRISTIAN B BILLITER-JACKSON
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 65,100
    CHRISTOPHER TIBBS
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    COLTON TIMOTHY PRICE
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 31,200
    CONNOR CHESTER BAKER
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 33,600
    CONNOR WAYNE ROBERTS
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 31,200
    COURTNEY WARD
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    DANIELLE PRATER
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    EMMA NICOLE HOWEL
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 9,800
    HUNTER HENSON
    LINDSEY WILSON COLLEGE
    210 LINDSEY WILSON ST
    COLUMBIA,KY427281223     		NONE I SCHOLARSHIP 9,800
    JAMES JOYCE
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,367
    JOHN WALKER PHELPS
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 28,400
    JOSHUA MICHAEL COLE
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 27,500
    KALEB FIELDS
    LINDSEY WILSON COLLEGE
    210 LINDSEY WILSON ST
    COLUMBIA,KY427281223     		NONE I SCHOLARSHIP 4,452
    LASHAE TAYLOR
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    LESLIE BLAIRE STEWART
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 52,622
    LOGAN JONES
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    MACEY WILSON
    LINDSEY WILSON COLLEGE
    210 LINDSEY WILSON ST
    COLUMBIA,KY427281223     		NONE I SCHOLARSHIP 20,205
    MACKENZIE SMITH
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    MAGGIE WEDDINGTON
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    MARIJANE WILLIAMSON
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 1,849
    MEGAN RILEY BROWN
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 8,264
    MEGHAN THACKE
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 1,849
    MELINDA TAYLOR
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    NEVIN NEWSOME
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    OLIVIA-MARIE JASELYN ROBINSON
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 58,000
    PATRICIA RUNYON
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 1,849
    SARAH ELLEN MARKS
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 12,500
    SAVANNAH CAUSEY
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    SHAKIRA LESTER
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 1,849
    SHANNON MATNEY
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    SHAYNA DOTSON
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    SHERRY HOWELL
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 1,849
    TABITHA HOLLEMAN
    LINDSEY WILSON COLLEGE
    210 LINDSEY WILSON ST
    COLUMBIA,KY427281223     		NONE I SCHOLARSHIP 7,570
    WHITNEY SPARTMAN
    UNIVERSITY OF PIKEVILLE
    147 SYCAMORE STREET
    PIKEVILLE,KY41501     		NONE I SCHOLARSHIP 2,366
    WILLIAM LAWRENCE LONG II
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221394     		NONE I SCHOLARSHIP 33,500
    Total .................................bullet 3a 673,530
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 121,103  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aROYALTY INCOME     		    15 53,075  
    bRENTAL INCOME     15 6,230  
    cOTHER INCOME     15 6  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   592,237  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    592,237
    (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 InvestmentsCorpBondsSchedule
    Name:
    LON & JESSIE ROGERS EDUCATIONAL TRUST
    EIN:
    61-6019469
    Name of Bond End of Year Book Value End of Year Fair Market Value
    4812C0100 JPM CORE BD FD - USD 134,027 119,481
    92203J308 VANGUARD TTL INTL BN    
    464287432 ISHARES 20+ YEAR TRE 142,375 103,065
    54401E143 LORD ABBETT SHRT DUR 292,069 269,399
    83002G108 SIX CIRCLES ULTR SHR    
    54401E218 LORD ABBETT HIGH YIE    
    74440Y884 PGIM HIGH YIELD-Q    
    83002G702 SIX CIRCLES GLOBAL B 583,480 504,881
    46429B267 ISHARES US TREASURY    
    83002G884 SIX CIRCLES CREDIT O 267,545 230,744
    921937835 VANGUARD TOTAL BOND 254,236 237,600
    92206C771 VANGUARD MORTGAGE-BA 153,528 128,191
    92203J407 VANGUARD TOTAL INTL 385,389 355,636

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    LON & JESSIE ROGERS EDUCATIONAL TRUST
    EIN:
    61-6019469
    Name of Stock End of Year Book Value End of Year Fair Market Value
    78462F103 SPDR S&P 500 ETF TRU 2,103,920 4,456,892
    464287465 ISHARES MSCI EAFE ET 507,125 501,458
    315911750 FIDELITY 500 INDEX F 425,580 453,295
    46641Q696 JPMORGAN BETABUILDER    
    48129C603 JPM US L/C CORE PL F    
    46641Q688 JPM BTABLDRS DEV ASI    
    46641Q712 JPMORGAN BETABUILDER    
    46641Q720 JPMORGAN BETABUILDER    
    83002G306 SIX CIRCLES US UNCON 1,241,038 1,300,365
    83002G405 SIX CIRCLES INTL UNC 1,150,919 934,876
    14019V606 AMER FNDS INTL VNTG-    
    315911727 FIDELITY INTL INDX-I 56,083 43,527
    46434G103 ISHARES CORE MSCI EM    
    46641Q191 JPMORGAN BETABUILDER    
    46641Q217 JPMORGAN BETABUILDER 355,490 317,372
    46641Q225 JPMORGAN BETABUILDER 305,943 343,149
    46641Q233 JPMORGAN BETABUILDER 231,185 196,003

    TY 2021 InvestmentsOtherSchedule2
    Name:
    LON & JESSIE ROGERS EDUCATIONAL TRUST
    EIN:
    61-6019469
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    72201U638 PIMCO MRTG OPP & BND      
    09257V508 BLACKSTONE ALT MULTI AT COST 277,555 256,082
    09250J734 BLACKROCK EVNT DRVN AT COST 115,016 114,203
    64128R608 NEUBERGER BERMAN LON AT COST 109,998 118,905
    72201M487 PIMCO DYNAMIC BOND-I AT COST 143,982 127,717

    TY 2021 OtherAssetsSchedule
    Name:
    LON & JESSIE ROGERS EDUCATIONAL TRUST
    EIN:
    61-6019469
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MINERAL ASSETS   0 156,606
    XXX-XX-XXXX COAL LEASE ON BIG CR 1 1 1
    934R00218 1755 TURKEY CREEK RD 28,997 28,997 138,320


    TY 2021 OtherDecreasesSchedule
    Name:
    LON & JESSIE ROGERS EDUCATIONAL TRUST
    EIN:
    61-6019469
    Description Amount
    STUDENT LOANS ISSUED 154,456
    PRIOR YEAR STUDENT LOAN CB ADJUSTMENT 11,793
    CURRENT YEAR STUDENT LOAN CB ADJUSTMENT 33,300
    MUTUAL FUND ADJUSTMENT 65
    STUDENT LOAN WRITE OFF 9,245


    TY 2021 OtherExpensesSchedule
    Name:
    LON & JESSIE ROGERS EDUCATIONAL TRUST
    EIN:
    61-6019469
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 11,390 0   11,390
    MINERAL INT-PRODUCTION TAX 776 776   0
    ROYALTY-OTHER EXPENSES 97 97   0
    RENTAL - MGNT FEES 10,778 10,778   0
    RENTAL - LEGAL 83 83   0
    RENTAL - INSURANCE 669 669   0


    TY 2021 OtherIncomeSchedule2
    Name:
    LON & JESSIE ROGERS EDUCATIONAL TRUST
    EIN:
    61-6019469
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME 53,075 53,075  
    RENTAL INCOME 6,230 6,230  
    OTHER INCOME 6 6  


    TY 2021 OtherIncreasesSchedule
    Name:
    LON & JESSIE ROGERS EDUCATIONAL TRUST
    EIN:
    61-6019469
    Description Amount
    ROUNDING 14
    STUDENT LOAN BALANCE ADJUSTMENTS 38,216
    STUDENT LOAN REPAYMENTS 116,240


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

    TY 2021 OtherNotesLoansRcvblLongSch
    Name:
    LON & JESSIE ROGERS EDUCATIONAL TRUST
    EIN:
    61-6019469

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    XXX-XX-XXXX BRIANNA S RICHARDSON     5,485       0 %        
    XXX-XX-XXXX KARSEN S STEELE     7,927       0 %        
    XXX-XX-XXXX SAMANTHA STEWARDSON             0 %        
    XXX-XX-XXXX ERIN L CONWELL     8,259       0 %        
    XXX-XX-XXXX JASON MATTHEW DENTON     10,211       0 %        
    XXX-XX-XXXX ANNA ELIZABETH WOHNER             0 %        
    XXX-XX-XXXX KEELY RAECHELLE MCWHORTE             0 %        
    XXX-XX-XXXX EMILY PAIGE MEADOR     9,970       0 %        
    XXX-XX-XXXX KATHERINE L HOLBROOK     401       0 %        
    XXX-XX-XXXX ADAM HENSLEY     805       0 %        
    XXX-XX-XXXX ERIKA NEWSOME     1,520       0 %        
    XXX-XX-XXXX CORY A SMITH     8,567       0 %        
    XXX-XX-XXXX KARA ALANE NEAL     5,500       0 %        
    XXX-XX-XXXX MICHAEL BEDFORD ORR     857       0 %        
    XXX-XX-XXXX LOGAN JAMES HUMPHREY             0 %        
    XXX-XX-XXXX JOSEPH KEVIN GEORGE     6,720       0 %        
    XXX-XX-XXXX CHELSEA RAYE BARGER     22,560       0 %        
    XXX-XX-XXXX MIRANDA COLLEEN WILLIS     26,216       0 %        
    XXX-XX-XXXX JUSTIN R BRADFORD     454       0 %        
    XXX-XX-XXXX ASHLIE BISHOP     11,933       0 %        
    XXX-XX-XXXX SHIKEYA MILLER     2,966       0 %        
    XXX-XX-XXXX JESSICA MAXFIELD     7,383       0 %        
    XXX-XX-XXXX KAITLYN WALTERS             0 %        
    XXX-XX-XXXX JONATHAN NIEBERG     8,572       0 %        
    XXX-XX-XXXX VINCENT MORRIS     20,051       0 %        
    XXX-XX-XXXX KASSANDRA ROUSE     5,265       0 %        
    XXX-XX-XXXX ALISHA RUSSELL     25,684       0 %        
    XXX-XX-XXXX AMANDA STARK     19,077       0 %        
    XXX-XX-XXXX KARA DRAKE     14,919       0 %        
    XXX-XX-XXXX JACOB DUVALL     11,300       0 %        
    XXX-XX-XXXX GARRETT BARLOW     13,600       0 %        
    XXX-XX-XXXX MARY CUNDIFF     21,860       0 %        
    XXX-XX-XXXX DANIEL T CAIN     4,721       0 %        
    XXX-XX-XXXX BENJAMIN ANDREWS     8,485       0 %        
    XXX-XX-XXXX SAMUEL D LANE     10,922       0 %        
    XXX-XX-XXXX HAYLEY M SMITH     1,067       0 %        
    XXX-XX-XXXX STEPHANIE J PATTERSON     10,846       0 %        
    XXX-XX-XXXX MATTHEW TUTTLE     2,132       0 %        
    XXX-XX-XXXX SONDRA M WILHAM     2,960       0 %        
    XXX-XX-XXXX ELIZABETH J MASON             0 %        
    XXX-XX-XXXX DANIEL J DEMERCURIO     6,181       0 %        
    XXX-XX-XXXX ANDREA D CARTER     3,455       0 %        
    XXX-XX-XXXX TAMMY BLACKBURN     2,685       0 %        
    XXX-XX-XXXX CRYSTAL L JOHNSON     4,994       0 %        
    XXX-XX-XXXX KAMRI R BLACKMON     1,421       0 %        
    XXX-XX-XXXX CORBIN M BENTLEY     1,421       0 %        
    XXX-XX-XXXX SHELBY RAE BOYD     22,500       0 %        
    XXX-XX-XXXX ERIKA BREWER     23,988       0 %        
    XXX-XX-XXXX DANIEL P THOMPSON     18,997       0 %        
    XXX-XX-XXXX TREVOR WAYNE     34,400       0 %        
    XXX-XX-XXXX OLIVIA LANE     37,629       0 %        
    XXX-XX-XXXX JUSTIN ANDERSON     7,475       0 %        
    XXX-XX-XXXX SHANNON OOIJKAAS     6,000       0 %        
    XXX-XX-XXXX WADE ARNOLD             0 %        
    XXX-XX-XXXX CODY ESTEP     19,500       0 %        
    XXX-XX-XXXX MICAH KAISER     38,837       0 %        
    XXX-XX-XXXX LAKKEN MILLER     33,000       0 %        
    XXX-XX-XXXX AUSTIN C SPARROW     13,000       0 %        
    XXX-XX-XXXX CHEYTON B PENDLEY     8,263       0 %        
    XXX-XX-XXXX CARA E EMBRY     11,615       0 %        
    XXX-XX-XXXX TAYLOR S ROWE     2,924       0 %        
    XXX-XX-XXXX SHANA P SHEPHERD     4,584       0 %        
    XXX-XX-XXXX TARYN L WASTSON     1,264       0 %        
    XXX-XX-XXXX BROOKE A BRANHAM             0 %        
    XXX-XX-XXXX KRISTEN B COLEMAN     869       0 %        
    XXX-XX-XXXX TIFFANY S COLLIER     1,264       0 %        
    XXX-XX-XXXX SARAH J MILES     8,779       0 %        
    XXX-XX-XXXX JEREMY S SMITH     26,000       0 %        
    XXX-XX-XXXX MARISA MOORE     13,116       0 %        
    XXX-XX-XXXX NATALIE WHITT     25,942       0 %        
    XXX-XX-XXXX JUBAL MILLER     9,475       0 %        
    XXX-XX-XXXX CASSIDY B TACKETT     841       0 %        
    XXX-XX-XXXX CHRISTINA B ZAMORA     3,320       0 %        
    XXX-XX-XXXX JOHNATHAN C MILLER     710       0 %        
    XXX-XX-XXXX KRISTEN M SMITH     2,510       0 %        
    XXX-XX-XXXX MELISSA D SLONE     3,320       0 %        
    XXX-XX-XXXX LOGAN J FRANKLIN     1,513       0 %        
    XXX-XX-XXXX BENJAMIN E THOME     11,000       0 %        
    XXX-XX-XXXX MEGAN M WILSON     25,700       0 %        
    XXX-XX-XXXX TANNER J SOUTH     31,133       0 %        
    XXX-XX-XXXX HEATHER ADDINGTON     4,033       0 %        
    XXX-XX-XXXX NIA SIMONE DYE     12,896       0 %        
    XXX-XX-XXXX PERRY AYERS     46,500       0 %        
    XXX-XX-XXXX MADELYN HAMBLIN     25,837       0 %        
    XXX-XX-XXXX RYAN HAUS     31,688       0 %        
    XXX-XX-XXXX BRADY H SWIFT     27,000       0 %        
    XXX-XX-XXXX COURTNEY B GIBSON     14,612       0 %        
    XXX-XX-XXXX CAMERON B LANE     19,500       0 %        
    XXX-XX-XXXX CARSON M NOBLE             0 %        
    XXX-XX-XXXX CHARLES T BOWEN     12,000       0 %        
    XXX-XX-XXXX AUSTIN K ROWE     6,046       0 %        
    XXX-XX-XXXX ALEXEI C HARRIS     27,500       0 %        
    XXX-XX-XXXX ANNA I NEEL     19,401       0 %        
    XXX-XX-XXXX JOHN T JOHNSON     1,660       0 %        
    XXX-XX-XXXX DANIELLE R BENTLEY     1,195       0 %        
    XXX-XX-XXXX AMBER KENDRICK     2,528       0 %        
    XXX-XX-XXXX MASON A HESS     1,543       0 %        
    XXX-XX-XXXX AMBER N HAMILTON     1,543       0 %        
    XXX-XX-XXXX CODY THORNBURY     1,543       0 %        
    XXX-XX-XXXX AUSTIN D THACKER     1,543       0 %        
    XXX-XX-XXXX JONATHAN V RAY     1,543       0 %        
    XXX-XX-XXXX HEAVENLEIGH R MAUK     1,543       0 %        
    XXX-XX-XXXX JONATHAN D MULLINS     2,197       0 %        
    XXX-XX-XXXX JOSHUA M COLE     21,500       0 %        
    XXX-XX-XXXX BYRON D NUNNERY     15,000       0 %        
    34P000325 RICHEY G ELLIS     3,483       0 %        
    34P003949 CHRISTOPHER K DRAGOO     1,116       0 %        
    34P006256 STACEY E HALL     6,968       0 %        
    34P008146 AMY BROWN ADLER     1,492       0 %        
    34P008427 SANDRA HUSTON AKERS     1,750       0 %        
    34P010324 LEAH BAUST HOOPER     8,348       0 %        
    34P021743 CHANDA L POWELL     6,293       0 %        
    34P022824 KENT D MITCHNER JR     18,125       0 %        
    34P022857 PHYLLIS K HANSON             0 %        
    34P023228 WILLIAM H JOHNSTON     10,990       0 %        
    34P023293 JUSTIN M TRUESDELL     6,666       0 %        
    34P023376 VANESSA R EDDLEMON     1,751       0 %        
    34P023384 SARA B DURHAM     10,189       0 %        
    34P023590 MCKINLEY R MOORE     14,919       0 %        
    34P023624 KELLI BAYLESS     540       0 %        
    34P023764 JOSHUA HUGH COAKLEY     8,700       0 %        
    34P023806 MEGHAN MARIE MORRISON     8,225       0 %        
    34P024010 JAMIE DENISE BARNARD     15,734       0 %        
    34P024077 JED WATERS KEITH     653       0 %        
    34P024135 MICHAEL ZACHARY WATTS     4,200       0 %        
    34P024184 BRANDON J SHERIDAN             0 %        
    34P024267 ANGELA GATZKE     2,093       0 %        
    34P024358 JESSICA ADAMS     2,625       0 %        
    34P024408 BRANDON THOMAS LALLY     10,040       0 %        
    34P024424 JEREMY JAMES WARE     18,009       0 %        
    34P024663 MELISSA WILSON     1,750       0 %        
    34P024697 PHILLIP W LANEY     1,408       0 %        
    34P024812 JESSICA MARIE WALTHER     7,174       0 %        
    34P024853 REBECCA LYNN GHENT     2,859       0 %        
    34P024929 KRISTOFER LEE BENTLEY     1,375       0 %        
    34P024978 SARAH ASHLEY COTTERELL             0 %        
    34P025132 ZACHARY CHARBONNEAU     14,435       0 %        
    34P025173 GLENNA ROGERS     3,010       0 %        
    34P025199 EMILY KENDALL CONRAD BAR     19,836       0 %        
    34P025215 DAVIS WHITNEY MICHELLE     7,908       0 %        
    34P025298 ASHLEY LORENZEN     2,003       0 %        
    34P025314 BRYAN SHEPPARD     405       0 %        
    34P025355 ASHLEIGH HUFFMAN     3,500       0 %        
    34P025371 BLAIR JOSHUA N     12,500       0 %        
    34P025397 HAMILTON AMANDA ASHTON     21,500       0 %        
    34P025413 HOWELL STEPHEN CLINTON     2,867       0 %        
    34P025520 HAYES ZACHERY     1,177       0 %        
    34P025538 BAILEY JASMINE     1,036       0 %        
    34P025561 NEWSOME ERIKA     3,500       0 %        
    34P025652 WADE RANDOLPH TAYLOR     10,000       0 %        
    34P025686 MATTHEW JAMES SKAFF             0 %        
    34P025694 DANIEL LEE ARMSTRONG             0 %        
    XXX-XX-XXXX ADELINE BARNES     13,200       0 %        
    XXX-XX-XXXX AUSTIN LAWSON     1,918       0 %        
    XXX-XX-XXXX BARRON COX     15,000       0 %        
    XXX-XX-XXXX CHRISTOPHER TIBBS     4,651       0 %        
    XXX-XX-XXXX CONNOR ROBERTS     37,800       0 %        
    XXX-XX-XXXX DEVIN N MILLER     1,893       0 %        
    XXX-XX-XXXX HANNAH N CHARLES     1,893       0 %        
    XXX-XX-XXXX HUNTER B LOWE     3,469       0 %        
    XXX-XX-XXXX JAMES E HOLSTEIN     1,893       0 %        
    XXX-XX-XXXX JUSTIN R BOWLING     1,893       0 %        
    XXX-XX-XXXX LESLIE STEWART     14,000       0 %        
    XXX-XX-XXXX MACEY WILSON     12,331       0 %        
    XXX-XX-XXXX MEGAN BROWN     29,500       0 %        
    XXX-XX-XXXX CHRISTIAN BILLITER-JACKSO     19,000       0 %        
    XXX-XX-XXXX JOSEPH BECHERER     5,500       0 %        
    XXX-XX-XXXX TYLER CONN     4,000       0 %        
    XXX-XX-XXXX DAVID WAYLON JOE EKLUND     3,250       0 %        
    XXX-XX-XXXX JOHN W PHELPS     5,500       0 %        
    XXX-XX-XXXX QUENTIN T SPECK             0 %        
    XXX-XX-XXXX AVEREY E DUECHLE     12,000       0 %        
    XXX-XX-XXXX ISAAC SPRINGER     1,357       0 %        
    XXX-XX-XXXX TABITHA HOLLEMAN     7,568       0 %        
    XXX-XX-XXXX HUNTER HENSON     9,798       0 %        
    XXX-XX-XXXX HOLLY A VARNEY     1,576       0 %        
    XXX-XX-XXXX CALEB S HARRIS     1,576       0 %        
    XXX-XX-XXXX AMY JO SMALLWOOD     1,576       0 %        
    XXX-XX-XXXX HEAVEN L RATLIFF     1,576       0 %        
    XXX-XX-XXXX LASHAE TAYLOR     2,758       0 %        
    XXX-XX-XXXX AMBER B CAMPBELL     1,576       0 %        
    XXX-XX-XXXX BOWMAN D COURTNEY     1,576       0 %        
    XXX-XX-XXXX KALEB FIELDS     2,228       0 %        
    XXX-XX-XXXX SHANNON MATNEY     1,182       0 %        
    XXX-XX-XXXX COURTNEY NEWSOME     1,182       0 %        
    XXX-XX-XXXX MELINDA TAYLOR     1,182       0 %        
    XXX-XX-XXXX MAGGIE WEDDINGTON     1,182       0 %        
    XXX-XX-XXXX WHITNEY SPARTMAN     1,182       0 %        
    XXX-XX-XXXX NEVIN NEWSOME     1,182       0 %        
    XXX-XX-XXXX JAMES JOYCE     1,182       0 %        
    XXX-XX-XXXX MACKENZIE SMITH     1,182       0 %        
    XXX-XX-XXXX LOGAN JONES     1,182       0 %        
    XXX-XX-XXXX SAVANNAH CAUSEY     1,182       0 %        
    XXX-XX-XXXX ALLISON J BARROWS     5,500       0 %        
    XXX-XX-XXXX EMMA N HOWELL     5,000       0 %        
    XXX-XX-XXXX WILLIAM L LONG II     9,500       0 %        
    XXX-XX-XXXX COLTON T PRICE     5,500       0 %        
    XXX-XX-XXXX ALLY B POWERS     5,500       0 %        

    TY 2021 OtherProfessionalFeesSchedule
    Name:
    LON & JESSIE ROGERS EDUCATIONAL TRUST
    EIN:
    61-6019469
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 3,003 3,003    


    TY 2021 TaxesSchedule
    Name:
    LON & JESSIE ROGERS EDUCATIONAL TRUST
    EIN:
    61-6019469
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 6,499 0   0
    FEDERAL ESTIMATES - INCOME 6,888 0   0
    FOREIGN TAXES ON QUALIFIED FOR 6,191 6,191   0
    FOREIGN TAXES ON NONQUALIFIED 1,179 1,179   0