TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022

Name of foundation
THE JCM FOUNDATION

% US TRUST

Number and street (or P.O. box number if mail is not delivered to street address)C/O US TRUST 1800 K STREET NW FL 5
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20006

A Employer identification number

61-1409457

B Telephone number (see instructions)

(202) 442-7477

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

$5,961,348J 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)	0
2	Check .............
3	Interest on savings and temporary cash investments	1,471		1,471
4	Dividends and interest from securities...	128,418		128,418
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		406,285
b	Gross sales price for all assets on line 6a 1,370,168
7	Capital gain net income (from Part IV, line 2)...			406,285
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	536,174		536,174
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		9,230	6,923	0	2,307
c	Other professional fees (attach schedule)....		48,189	48,045		144
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		5,291	1,291
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		25			25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	62,735		56,259	0	2,476
25	Contributions, gifts, grants paid.......	929,000				929,000
26	Total expenses and disbursements. Add lines 24 and 25	991,735		56,259	0	931,476
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-455,561
b	Net investment income (if negative, enter -0-)			479,915
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	91,411	49,013	49,013
	2	Savings and temporary cash investments.........	57,370	148,246	148,246
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	2,932,706	2,534,483	4,893,060
	c	Investments—corporate bonds (attach schedule).......	490,542	385,635	367,299
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	509,179	508,270	503,730
	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)	4,081,208	3,625,647	5,961,348
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	4,081,208	3,625,647
	29	Total net assets or fund balances (see instructions).....	4,081,208	3,625,647
	30	Total liabilities and net assets/fund balances (see instructions).	4,081,208	3,625,647

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

4,081,208

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

-455,561

Other increases not included in line 2 (itemize) bullet

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

3,625,647

Decreases not included in line 2 (itemize) bullet

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

3,625,647

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITIES ACCT 9737	P	2021-01-01	2022-09-30
b	PUBLICLY TRADED SECURITIES ACCT 2351	P	2021-01-01	2022-09-30
c	SECURITIES SETTLEMENT PROCEEDS	P
d	CAPITAL GAIN DIVIDENDS	P
e	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	1,115,651	782,031	333,620
b	211,938	181,853	30,085
c	13		13
d			42,567
e			42,567
			42,567

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			333,620
b			30,085
c			13
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	406,285
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
3	Add lines 1 and 2...........................	3	6,671
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	6,671
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	6,398
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	7,500
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	13,898
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
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	7,227
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax7,227	Refunded	11

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (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

US TRUST Telephone no. bullet

(202) 442-7477

Located at bullet

1800 K STREET NW FL 5WASHINGTONDC ZIP+4 bullet

20006

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

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

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

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JAMES F MACGUIDWIN	DIRECTOR 1.0	0	0	0
C/O US TRUST 1800 K ST NW FL 5 WASHINGTON,DC20006	DIRECTOR 1.0	0	0	0
CHERYL Y MACGUIDWIN	DIRECTOR 1.0	0	0	0
C/O US TRUST 1800 K ST NW FL 5 WASHINGTON,DC20006	DIRECTOR 1.0	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










Total number of other employees paid over $50,000...................

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

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

7,497,174

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

300,005

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

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

7,797,179

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

7,797,179

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

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

116,958

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

7,680,221

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

384,011

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

384,011

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

6,671

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

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

6,671

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

377,340

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

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

377,340

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

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

377,340

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	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7				377,340
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			342,111
b Total for prior years:2019, 2018, 2017
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2021 from Part
XI, line 4: $ 931,476
a Applied to 2020, but not more than line 2a			342,111
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....				377,340
e Remaining amount distributed out of corpus		212,025
5 Excess distributions carryover applied to 2021.
(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		212,025
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........				0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		212,025
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....	0
e Excess from 2021....	212,025

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).)

JAMES F MACGUIDWIN

CHERYL Y MACGUIDWIN

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

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or 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
ARCS Foundation Inc (Metro DC Chapter) 10221 River Road Potomac,MD20859	N/A	PC	Graduate Scholarships Funding	15,000
Brother Rice High School 7101 Lahser Road Bloomfield Hills,MI48301	N/A	PC	M. Reid MacGuidwin Scholarship and to support funding for construction of new athletic facility	734,000
Chinatown YMCA 273 Bowery New York,NY10002	N/A	PC	General Support	5,000
Flint Hill School 3320 jermantown rd Oakton,VA22124	N/A	PC	General Support	5,000
Jill's House 9011 Leesburg Pike Vienna,VA22182	N/A	PC	General Support	60,000
Samaritan's Purse PO Box 3000 Boone,NC28607	N/A	PC	General Support	50,000
The Salvation Army 2626 Pennsylvania Avenue Washington,DC20037	N/A	PC	General Support	50,000
World Consciousness Alliance Inc 14856 Tudor Chase Dr Tampa,FL33626	N/A	PC	General Support	10,000
Total ................................. 3a				929,000

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 ...........			14	1,471
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	406,285
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				536,174

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

536,174

(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:

THE JCM FOUNDATION

EIN:

61-1409457

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ACCOUNTING AND FORM
990-PF PREPARATION	9,230	6,923		2,307

- TIN:

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

TY 2021 DepreciationSchedule

Name:

THE JCM FOUNDATION

EIN:

61-1409457

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

THE JCM FOUNDATION

EIN:

61-1409457

Name of Bond	End of Year Book Value	End of Year Fair Market Value
PIMCO INCOME FUND	0	0
PRUDENTIAL SHORT-TERM CORP	160,635	146,232
PIMCO LOW DURATION FUND	200,000	196,976
MAINSTAY MACKAY HIGH YIELD	25,000	24,091

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

THE JCM FOUNDATION

EIN:

61-1409457

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC	55,631	80,526
ABBOT LABS	10,143	11,418
ACCENTURE PLC	8,248	96,488
ADOBE INC	5,076	3,853
AIR BUS SE	7,690	5,573
AIR PRODS & CHEMS INC
ALIBABA GROUP HLDG LTD
ALPHABET INC CL A (GOOGLE)	23,303	84,172
ALPHABET INC CL C (GOOGLE)	94,693	180,762
AMAZON.COM INC.	128,526	145,318
APPLE INC	86,691	248,760
APTIV PLC
ARCHER DANIELS MDLD	7,666	7,080
ASML HOLDINGS NV	3,597	4,984
ATLAS CORPCO AB	7,344	6,648
ATLASSIAN CORP PLC
AUTOMATIC DATA PROCESSING INC
BAIDU INC REG SHS	4,154	3,052
BAXTER INTL INC
BERKSHIRE HATHAWAY INC DEL	27,792	121,761
BHP BILLITON LIMITED NPV	14,869	9,956
BLACKROCK INC	46,391	117,760
BLACKSTONE GROUP INC CL A	4,199	5,943
BOSTON SCIENTIFIC CORP	50,169	54,725
BRISTOL-MEYERS SQUIBB CO	10,491	9,953
BROADCOM INC	6,006	11,100
CAMECO CORP	4,919	4,745
CANADIAN PACIFIC RAILWAY	4,011	3,288
CATERPILLAR INC DEL	3,911	2,953
CHEVRON	15,784	20,114
CHUBB LTD	24,589	71,661
CITIGROUP INC NEW COM	67,079	37,503
CLOUDFALARE INC REG SHS	6,291	3,816
COSTCO WHOLESALE CORP	70,910	94,454
CONOCOPHILLIPS	26,795	102,340
DAIMLERCHRYSLER AG
DANAHER CORP DEL	34,343	51,658
DASSAULT SYSTEMS	3,622	11,027
DEUTSCH TELEKOM AG-REG	5,429	4,845
DEVON ENERGY GROUP	10,084	14,551
DEXCOM INC COM
DBS GROUP HOLDINGS	9,583	11,658
DIAGEO PLC	6,824	10,698
EDWARDS LIFESCIENCES CORP
DISNEY WALT CO	63,630	54,523
EATON CORP	6,221	5,334
EQUINIX INC	4,076	3,413
EXACT SCIENCES CORP
EXXON MOBIL CORP	62,680	87,310
EOG RES INC
FACEBOOK INC CL A/META PLATFOR
FANUC CORP	13,122	10,778
FREEPORT-MCMORAN	10,159	11,807
FORTIVE CORP	7,494	7,404
GENERAC HOLDING INC
HILTON WORLDWIDE	6,078	5,428
HONEYWELL INTL INC	25,146	116,879
ISHARES MSCI EAFT GROWTH ETF	71,336	72,560
JANUS ENTERPRISE FUND CL I	50,000	149,721
JOHNSON & JOHNSON	25,486	65,344
JOHNSON CONTROLS	10,379	7,038
JP MORGAN CHASE & CO	29,479	84,332
KEYENCE CORP	2,344	9,928
LOCKHEED MARTIN CORP	17,378	125,544
LOWES	11,033	112,686
LVMH MOET HENNESSY LOUIS VUITT	7,447	15,158
MASTERCARD INC	12,863	141,033
MCKRESSON CORPORATION	3,434	3,399
MERK AND CO SHS	12,670	12,229
MERCEDESBENZ GROUP AG	8,113	4,592
METLIFE	7,152	6,443
MICROSOFT CORP	49,003	279,014
MORGAN STANLEY	8,289	8,296
MONDELEZ INTL INC	31,577	59,929
NESTLE SA	16,310	15,231
NEWMONT CORPORATION	4,924	4,918
NEXTERA ENERGY INC	13,862	21,641
NORTHROP GRUMMAN CORP	3,522	3,763
NIDEC CORP
NXP SEMICONDUCTORS NV
NVIDIA CORP	47,533	76,840
PALO ALTO NETWORKS INC	5,645	5,241
PAYPAL HOLDINGS INC	40,053	43,035
PEPSICO INC	26,081	97,956
PFIZER INC	17,494	39,472
PNC FINANCIAL SERVICES GROUP	7,137	6,425
PRINCIPAL MIDCAP BLEND	130,000	120,564
PROLOGIS INC	5,439	4,166
PROCTOR & GAMBLE	11,087	11,489
REPLIGEN CORP	5,114	6,175
RIO TINTO PLC	6,331	4,482
ROCHE HLDGS AG-GENUSSCHEIN	6,578	8,873
ROCHE HOLDING LTD SPONSORED AD	14,872	40,620
ROYAL DUTCH SHELL PLC	7,486	9,206
SALESFORCE COM INC	94,913	54,659
S&P GLOBAL INC
SEA LTD
SHOPIFY
SOCIEDAD Q & M CHILE SPDADR	7,029	6,080
SOUTHWEST AIRLINES CO	6,342	4,318
STARBUCKS CORP	38,901	84,260
SYSCO CORPORATION	5,335	4,738
TAIWAN SEMICONDUCTOR MFG	4,153	4,868
TARGET CORP	22,552	103,873
TELADOC HEALTH INC
TENCENT HOLDINGS LTD
TRANSUNION
THERMO FISHER SCIENTIFIC CORP	24,238	50,719
TJX COS INC NEW	6,082	61,996
TRUIST FINL CORP	52,421	58,344
UNION PAC CORP	14,185	97,410
UNITED HEALTH GROUP	46,039	93,937
US BANCORP	7,194	5,887
VANGUARD FTSE EMERGING MKTS ET	106,589	115,418
VANGUARD SMALL-CAP ETF	125,744	265,765
VERIZON COMMUNICATIONS INC	71,926	49,361
VISA INC	12,352	114,407
VODAFONE GROUP PLC SHS	3,948	2,372
WALMART INC	61,630	77,820
VOLKSWAGEN AG
WOODSIDE ENERGY GROUP		1,466

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

THE JCM FOUNDATION

EIN:

61-1409457

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BLACKROCK STRATEGIC INCOME	AT COST	230,152	216,516
BLACKSTONE ALT MULTI-STRATEGY	AT COST	55,254	55,209
SPDR GOLD TR	AT COST	222,864	232,005

- TIN:

TY 2021 OtherExpensesSchedule

Name:

THE JCM FOUNDATION

EIN:

61-1409457

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STATE REGISTRATIONS FEES	25			25

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

THE JCM FOUNDATION

EIN:

61-1409457

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY AND TRUST
MANAGEMENT FEES - US TRUST	48,045	48,045
REGISTERED AGENT FEE	144		144

- TIN:

TY 2021 TaxesSchedule

Name:

THE JCM FOUNDATION

EIN:

61-1409457

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES ON INVESTMENTS	1,291	1,291
EXCISE TAX	4,000