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 01-01-2021 , and ending 12-31-2021
Name of foundation
MASON AND LULA COLE CHARITABLE TUA 600008015
 
Number and street (or P.O. box number if mail is not delivered to street address)4804 COURTHOUSE ST STE 1A
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILLIAMSBURG, VA23188
A Employer identification number

26-6779458
B Telephone number (see instructions)

(804) 435-4246
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$4,746,191J 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 22,399 22,399  
4 Dividends and interest from securities... 61,600 61,339  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 228,622
b Gross sales price for all assets on line 6a 788,134
7 Capital gain net income (from Part IV, line 2)... 228,622
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).......      
12 Total. Add lines 1 through 11........ 312,621 312,360  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 43,821 43,821    
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)....... Click to see attachment 600 0 0 600
c Other professional fees (attach schedule).... Click to see attachment 10,955 10,955   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 549 549   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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 55,925 55,325 0 600
25 Contributions, gifts, grants paid....... 279,000 279,000
26 Total expenses and disbursements. Add lines 24 and 25 334,925 55,325 0 279,600
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -22,304
b Net investment income (if negative, enter -0-) 257,035
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......... 83,095 82,443 82,443
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) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 41,535 Click to see attachment195,986 194,687
b Investments—corporate stock (attach schedule)....... 1,764,448 Click to see attachment1,825,693 3,766,163
c Investments—corporate bonds (attach schedule)....... 906,073 Click to see attachment668,578 687,705
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,882 Click to see attachment14,879 15,193
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,810,033 2,787,579 4,746,191
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........ 2,810,033 2,787,579
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)..... 2,810,033 2,787,579
30 Total liabilities and net assets/fund balances (see instructions). 2,810,033 2,787,579
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
2,810,033
2
Enter amount from Part I, line 27a .....................
2
-22,304
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2
4
Add lines 1, 2, and 3 ..........................
4
2,787,731
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
152
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,787,579
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 35. ADOBE INC.   2019-05-23 2021-09-30
b 75. ALIBABA GROUP HLDG LTD SPONSORED ADS   2020-10-07 2021-11-04
c 200. APPLE INC COM   2015-11-18 2021-09-30
d 986.71 BNSF RAILWAY CO SER 2006 2 CL 2006 2 5.629% DTD 08/09/2006 DUE   2014-12-08 2021-04-01
e .85 BNSF RAILWAY CO SER 2006 2 CL 2006 2 5.629% DTD 08/09/2006 DUE   2014-12-08 2021-10-01
180. BRISTOL MYERS SQUIBB CO COM   2019-05-23 2021-09-30
50000. CITIGROUP GLOBAL MKTS HLDGS IN SR GLBL N STP STEP CPN DTD 01/30   2020-01-28 2021-02-01
342. COMCAST CORP CL A   2019-05-22 2021-09-30
27. ECOLAB INC COM   2019-05-22 2021-09-30
35. META PLATFORM, INC.   2020-06-30 2021-09-30
20000. GOLDMAN SACHS GRP INC MTN FR 4.00% DTD 08/30/2012 DUE 08/15/202   2014-02-06 2021-08-15
25000. INTERNATIONAL PAPER CO SR NT 3.80% DTD 05/26/2015 DUE 01/15/202   2020-04-24 2021-10-28
80. ISHARES MSCI EMERGING MARKETS ETF   2017-08-10 2021-09-30
330. ISHARES RUSSELL MID-CAP ETF   2009-05-21 2021-09-30
143. ISHARES RUSSELL 2000 ETF   2019-10-08 2021-09-30
655. ISHARES U.S. FINANCIALS ETF   2009-05-21 2021-09-30
39. ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF   2020-10-07 2021-05-10
680. ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF   2015-11-18 2021-05-10
50000. JPMORGAN CHASE & CO NT STEP CPN DTD 03/29/2011 DUE   2015-07-15 2021-03-29
315. KINDER MORGAN INC DEL COM   2019-10-08 2021-09-30
30. LAUDER ESTEE COS INC CL A   2017-10-18 2021-09-30
91. LILLY ELI & CO COM   2019-05-23 2021-09-30
100. MICROSOFT CORP COM   2006-04-27 2021-09-30
52000. NORFOLK SOUTHERN CORP SR NT 3.25% DTD 11/17/2011 DUE 12/01/2021   2013-11-21 2021-09-01
124. ORACLE CORP COM   2012-01-04 2021-09-30
.5 ORGANON & CO COMMON STOCK   2019-10-08 2021-07-14
15. ORGANON & CO COMMON STOCK   2019-10-08 2021-08-13
50. PAYPAL HLDGS INC COM   2019-05-23 2021-09-30
67. PEPSICO INC COM   2017-08-10 2021-09-30
21. ROPER TECHNOLOGIES, INC.   2019-05-23 2021-09-30
15000. RYDER SYS MTN FR 3.45% DTD 02/24/2016 DUE 11/15/2021   2020-03-30 2021-08-16
25. SERVICENOW INC COM   2019-05-23 2021-09-30
37. THERMO FISHER CORP COM   2019-05-23 2021-09-30
495. TWITTER INC COM   2019-10-08 2021-02-10
30000. VALSPAR CORP SR NT 4.20% DTD 01/13/2012 DUE 01/15/2022   2020-04-29 2021-10-15
25000. WASHINGTON REAL ESTATE INVT TR SR NT 3.95% DTD 09/17/2012 DUE 1   2020-04-29 2021-08-26
77. WASTE MANAGEMENT INC COM   2019-05-23 2021-09-30
105. XCEL ENERGY INC COM   2019-10-08 2021-09-30
40. ZEBRA TECHNOLOGIES CORP CL A   2018-12-06 2021-09-30
1350. ZYNGA INC CL A   2020-10-07 2021-09-30
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 20,225   9,618 10,607
b 12,335   22,242 -9,907
c 28,506   5,840 22,666
d 987   1,081 -94
e 1   1  
10,792   8,489 2,303
50,000   50,000  
19,190   14,819 4,371
5,719   4,973 746
11,939   7,792 4,147
20,000   20,000  
27,725   26,661 1,064
4,037   3,458 579
26,109   5,155 20,954
31,609   12,822 18,787
54,575   13,398 41,177
3,403   3,302 101
59,332   56,832 2,500
50,000   52,110 -2,110
5,311   6,347 -1,036
9,082   3,298 5,784
21,243   10,633 10,610
28,527   3,410 25,117
52,000   51,746 254
10,952   3,231 7,721
15   19 -4
506   577 -71
13,025   5,499 7,526
10,142   7,814 2,328
9,521   7,392 2,129
14,966   14,871 95
15,571   6,648 8,923
21,552   9,896 11,656
32,204   19,854 12,350
30,000   30,000  
25,991   25,000 991
11,601   8,417 3,184
6,573   6,344 229
20,909   6,855 14,054
10,138   13,068 -2,930
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
      1,821
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       10,607
b       -9,907
c       22,666
d       -94
e        
      2,303
       
      4,371
      746
      4,147
       
      1,064
      579
      20,954
      18,787
      41,177
      101
      2,500
      -2,110
      -1,036
      5,784
      10,610
      25,117
      254
      7,721
      -4
      -71
      7,526
      2,328
      2,129
      95
      8,923
      11,656
      12,350
       
      991
      3,184
      229
      14,054
      -2,930
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 228,622
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 3,573
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,573
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,142
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,142
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 8
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,439
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet0 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
     
    No
    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)
    bulletVA
    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 addressbullet  
    14
    The books are in care ofbulletCHESAPEAKE TRUST COMPANY Telephone no.bullet (804) 435-4246

    Located atbulletP O BOX 1419KILMARNOCKVA ZIP+4bullet22482
    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)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CHESAPEAKE TRUST COMPANY TRUSTEE
    2     		43,821    
    P O BOX 1419
    KILMARNOCK,VA22482
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    4,593,157
    b
    Average of monthly cash balances.......................
    1b
    135,156
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,728,313
    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
    4,728,313
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    70,925
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    4,657,388
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    232,869
    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
    232,869
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    3,573
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,573
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    229,296
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    229,296
    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
    229,296
    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 7 229,296
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 45,978
    b From 2017...... 42,865
    c From 2018...... 65,517
    d From 2019...... 78,561
    e From 2020...... 59,691
    f Total of lines 3a through e ........ 292,612
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 279,600
    a Applied to 2020, but not more than line 2a 0
    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..... 229,296
    e Remaining amount distributed out of corpus 50,304
    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 5 342,916
    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 ..........     		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) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		45,978
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		296,938
    10 Analysis of line 9:
    a Excess from 2017.... 42,865
    b Excess from 2018.... 65,517
    c Excess from 2019.... 78,561
    d Excess from 2020.... 59,691
    e Excess from 2021.... 50,304
    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 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)
    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
    LANCASTER VA HISTORICAL SOCIETY
    8346 MARY BALL RD
    Lancaster,VA22503     		NONE PC SUPPORT 7,500
    YMCA OF THE NORTHERN NECK
    39 WILLIAM B GRAHAM CT
    Kilmarnock,VA22482     		NONE PC SUPPORT 5,000
    PRESERVATION NORTHERN NECK
    PO BOX 691
    WARSAW,VA22572     		NONE 501 C 3 OPERATIONS 6,500
    LANCASTERNORTHUMBERLAND HABITAT
    FOR HUMANITY
    460 N MAIN STREET
    KILMARNOCK,VA22482     		NONE PC SUPPORT 6,000
    DREAM FIELDS
    PO BOX 1491
    KILMARNOCK,VA22482     		NONE PC SUPPORT 10,000
    RAPPAHANNOCK ART LEAGUE INC
    19 N MAIN STREET
    KILMARNOCK,VA22482     		NONE PC SUPPORT 7,000
    LANCASTER COUNTY VA EDUCATION FDN
    PO BOX 928
    KILMARNOCK,VA22482     		NONE PC SUPPORT 10,000
    BOYS AND GIRLS CLUB OF THE
    NORTHERN NECK
    P O BOX 564
    KILMARNOCK,VA22482     		NONE PC CHARITABLE 25,000
    LEGAL AID WORKS
    500 LAFAYETTE BOULEVARD
    FREDERICKSBURG,VA22401     		NONE PC CHARITABLE 5,000
    SMITH POINT SEA RESCUE INC
    P O BOX 662
    BURGESS,VA22432     		NONE PC CHARITABLE 20,000
    HEALTHY HARVEST FOOD BANK
    5116 RICHMOND RD
    Warsaw,VA22572     		NONE PC SUPPORT 15,000
    NORTHERN NECK LAND CONSERVANCY
    PO BOX 125
    LANCASTER,VA22503     		NONE PC CHARITABLE PURPOSES 5,000
    RAPPAHANNOCK COMM COLLEGE EDUCATIONAL FN
    PO BOX 923
    WARSAW,VA22572     		NONE PC EDUCATIONAL 7,000
    THE LINK
    PO BOX 443
    Sterling,VA201670443     		NONE PC CHARITABLE 6,000
    THE RWC FOUNDATION
    132 LANCASTER DRIVE
    IRVINGTON,VA22480     		NONE PC CHARITABLE 10,000
    HAMPDEN SYDNEY COLLEGE
    BOX 637
    HAMPDEN SYDNEY,VA23943     		NONE PC GENERAL SUPPORT 10,000
    CAMP KEKOKA
    1083 BOYS CAMP RD
    Kilmarnock,VA22482     		NONE PC CHARITABLE 4,000
    LANCASTER COMMUNITY LIBRARY
    235 SCHOOL STREET
    KILMARNOCK,VA22482     		NONE PC CHARITABLE 10,000
    CHESAPEAKE ACADEMY INC
    107 STEAMBOAT ROAD
    IRVINGTON,VA22480     		NONE PC EDUCATIONAL 7,000
    WESTMORELAND PLAYERS
    PO BOX 253
    CALLAO,VA22435     		NONE PC CHARITABLE 25,000
    RAPPAHANNOCK FOUNDATION FOR THE ARTS
    708 RAPPAHANNOCK DRIVE
    White Stone,VA22578     		NONE PC CHARITABLE 12,000
    Northern Neck - Middlesex Free Health
    Clinic
    PO BOX 1694
    Kilmarnock,VA22482     		NONE PC CHARITABLE 20,000
    NORTHERN NECK ORCHESTRA
    P O BOX 263
    KILMARNOCK,VA22482     		NONE PC CHARITABLE 5,000
    STEAMBOAT ERA MUSEUM
    156 KING CARTER DRIVE
    IRVINGTON,VA22480     		NONE PC SUPPORT 10,000
    THE HAVEN SHELTER AND SERVICES INC
    P O BOX 1267
    WARSAW,VA22572     		NONE PC CHARITABLE 10,000
    RAPPAHANNOCK CONCERT ASSOCIATION
    201 ACADEMIC LN
    Heathsville,VA22473     		NONE PC SUPPORT 5,000
    NORTHERN NECK CASA
    PO BOX 695
    LANCASTER,VA22503     		NONE PC CHARITABLE 7,000
    NORTHERN NECK SAIL AND POWER SQUADRON
    2949 HARRY HOGAN ROAD
    CALLAO,VA22435     		NONE PC CHARITABLE 5,000
    GARFIELD'S RESCUE INC
    PO BOX 257
    KILMARNOCK,VA22482     		NONE PC CHARITABLE 4,000
    Total .................................bullet 3a 279,000
    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 ...........     		    14 22,399  
    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 ............     		    18 228,622  
    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) ..   312,621  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    312,621
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    MASON AND LULA COLE CHARITABLE TUA 600008015
    EIN:
    26-6779458
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 600     600

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    MASON AND LULA COLE CHARITABLE TUA 600008015
    EIN:
    26-6779458
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DUKE ENGY CORP 3.05% 8/15/22 15,052 15,138
    HUMANNA INC 3.15% 12/1/22 15,008 15,248
    LOWES CO 3.12% 4/15/22 5,003 5,011
    NIKE INC 2.25% 5/01/23 10,011 10,183
    NORFOLK SOUTHERN 3.25% 12/01/2    
    OLD REPUBLIC INTL CORP 4.875% 5,082 5,445
    BARCLAYS BANK PLC 4% 9/30/25 20,080 22,803
    BNSF RAILWAY CO 5.629% REMIC 4 2,164 2,052
    GOLDMAN SACHS GROUP 4% 8/15/21    
    WELLS FARGO & CO NEW SR GLBL N 14,972 15,756
    CAMPBELL SOUP CO 3.3% 3/19/25 24,859 26,341
    CONAGRA FOODS IN 3.25% 9/15/22 24,400 25,410
    DUKE ENGY CORP 2.6% 12/15/22 24,613 25,252
    JPMORGAN CHASE & STEP DUE 3/29    
    WEYERHAEUSER CO 6.875% 12/15/3 27,753 34,136
    JPMORGAN CHASE CO 3.200% 6/15/ 24,839 26,511
    SOUTHWEST AIRLINES CO 3.000% 1 24,656 26,060
    ASSOCIATED BANC CORP SUB GLBL 25,091 26,475
    TEXTRON INC SR GLBL NT 4.00% D 24,944 27,047
    FRESNO CALIF JT PWRS FING AUTH 10,073 10,586
    NATIONAL RURAL UTILS COOP FIN 14,588 15,423
    NETAPP INC SR NT 3.25% DTD 12/ 5,050 5,074
    SPDR PORTFOLIO MORTGAGE BACKED 188,090 184,640
    SOMERSET KY INDPT SCH DIST FIN 50,502 50,327
    CITIGROUP GLOBAL MKTS HLDGS SR    
    INGERSOLL RAND GLOBAL HLDG CO 5,186 5,227
    INTL PAPER CO SR NT 3.8% DTD 0    
    JPMORGAN CHASE & CO FR 2% DTD 20,000 19,482
    MASCO CORP SR GLBL 3.5% DTD 06 25,000 26,758
    MOSAIC CO NEW SR NT 4.25% DTD 25,319 26,295
    RYDER SYS MTN FR 3.45% DTD 02/    
    VALSPAR CORP SR NT 4.2% DTD 01    
    WASHINGTON REAL ESTATE INVT TR    
    MERCURY GENL CORP NEW SR GLBL 11,243 11,023
    WELLS FARGO & CO FR 1.35% DTD 25,000 24,002

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    MASON AND LULA COLE CHARITABLE TUA 600008015
    EIN:
    26-6779458
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AFLAC INC 6,216 17,517
    ABBOTT LABS 8,338 56,296
    ALLSTATE CORP 2,083 10,353
    AMGEN INC 5,954 28,121
    CERNER CORP 3,657 18,574
    CLOROX CO DEL 5,059 17,436
    GENERAL DYNAMICS CORP 8,932 41,694
    ILLINOIS TOOL WORKS INC 3,932 18,510
    ISHARES TR US FINL ETF 24,813 116,598
    ISHARES MSCI EAFE 79,319 149,492
    JOHNSON & JOHNSON 6,513 17,107
    MCDONALDS CORP 5,630 26,807
    MICROSOFT CORP 12,438 168,160
    PROCTER & GAMBLE CO 4,344 12,269
    VALERO ENERGY CORP NEW 2,952 15,022
    VERIZON COMMUNICATIONS 8,380 15,588
    FISERV INC 2,553 20,758
    NEXTERA ENERGY INC COMMON 5,826 41,078
    TEXAS INSTRUMENTS INC 4,922 37,694
    UNION PACIFIC CORP 8,405 50,386
    ORACLE CORP 2,606 8,721
    UNITEDHEALTH GRP INC 6,636 25,107
    UGI CORP 5,856 13,773
    JPMORGAN CHASE & CO 14,419 63,340
    APPLE INC 19,119 177,570
    ABBVIE INC 6,781 40,620
    WAL-MART STORES INC 6,992 16,639
    CHEVRON CORP 26,188 33,093
    AMERIPRISE FINANCIAL 4,950 15,083
    ISHARES RUSSELL 2000 ETF 24,091 111,670
    ISHARES RUSSELL MID CAP ETF 21,838 116,214
    SCHWAB INTERNATIONAL EQUITY ET 76,576 103,239
    ISHARES IBOXX HIGH YIELD BOND    
    BURLINGTON STORES INC COM 8,910 29,151
    HONEYWELL INTL INC 13,222 20,851
    ISHARES EMERGING MARKETS ETF 54,902 62,040
    L3 TECHNOLOGIES INC COM 5,613 42,648
    MORGAN STANLEY COM NEW 18,054 39,264
    PEPSICO INC 15,510 23,103
    VANGUARD CHARLOTTE FDS INTL BD 64,057 65,696
    WENDYS CO COM 8,795 11,925
    WINGSTOP INC COM 8,839 25,920
    LAUDER ESTEE COS INC CL A 7,696 25,914
    LILLY ELI & CO COM 5,708 41,433
    THERMO FISHER CORP COM 31,230 82,071
    VMWARE INC CL A COM 16,582 16,223
    ZEBRA TECHNOLOGIES CORP CL A 10,282 35,712
    ALPHABET INC CAP STK CL A 32,110 86,911
    SELECT SECTOR SPDR TR COMMUNIC 32,698 57,872
    CROWN CASTLE INTL CORP NEW COM 29,741 54,272
    MEDTRONIC PLC SHS 13,597 15,518
    SPOTIFY TECHNOLOGY S A SHS 14,000 25,743
    ADOBE INC 16,488 34,024
    AMAZON.COM INC COM 46,654 83,359
    AMERICAN EXPRESS CO COM 11,871 16,360
    BRISTOL MYERS SQUIBB CO COM 14,148 18,705
    COMCAST CORP CL A 12,999 15,099
    DANAHER CORP COM 12,992 31,256
    ECOLAB INC COM 6,999 8,914
    FAIR ISAAC CORP COM 12,140 17,347
    INTUIT COM 25,516 67,538
    KEYSIGHT TECHNOLOGIES INC COM 17,073 38,204
    KINDER MORGAN INC DEL COM 18,957 16,812
    MARKETAXESS HLDGS INC COM 5,841 8,225
    MASIMO CORP COM 6,902 14,639
    MCCORMICK & CO INC COM NON VTG 11,643 24,153
    MERCK & CO INC NEW COM 12,420 11,879
    MONDELEZ INTL INC COM 27,677 35,144
    PAYPAL HLDGS INC COM 19,797 33,944
    ROPER TECHNOLOGIES, INC. 19,360 27,052
    SELECT SECTOR SPDR TR MATLS 11,765 21,746
    SERVICENOW INC COM 18,615 45,438
    SHERWIN WILLIAMS CO COM 19,899 48,598
    TWILIO INC CL A 13,248 26,334
    TWITTER INC COM 4,011 4,322
    VISA INC COM CL A 20,316 27,089
    WASTE MANAGEMENT INC COM 15,632 23,867
    XCEL ENERGY INC COM 15,509 17,602
    ALIBABA GROUP HLDG LTD SPON AD 11,249 8,909
    CASEYS GEN STORES INC 9,612 10,460
    DUKE REALTY CORP COM NEW 16,560 27,766
    ETSY INC COM 22,579 35,249
    META PLATFORM, INC CL A 52,354 70,634
    HOME DEPOT INC COM 22,475 33,201
    LULULEMON ATHLETICA INC COM 22,636 26,227
    MFS INTL DIVERSIFICATION FUND 94,685 117,886
    MATCH GROUP INC NEW COM 13,099 15,209
    TRACTOR SUPPLY CO COM 22,575 36,744
    ZYNGA INC CL A    
    ISHARES CORE US AGGREGATE BOND 116,930 116,248
    ISHARES IBOXX $ INVST GRADE CO 51,882 51,683
    ISHARES TR BROAD USD HIGH YIEL 67,660 67,387
    VANGUARD SHORT TERM CORP BOND 65,061 64,114

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    MASON AND LULA COLE CHARITABLE TUA 600008015
    EIN:
    26-6779458
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    195,986
    State & Local Government Securities - End of Year Fair Market Value:


    194,687


    TY 2021 InvestmentsOtherSchedule2
    Name:
    MASON AND LULA COLE CHARITABLE TUA 600008015
    EIN:
    26-6779458
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GE CAP RETAIL BK UTAH CTF DEP AT COST 9,875 10,129
    GE CAP RETAIL BK DRAPER UTAH C AT COST 5,004 5,064

    TY 2021 OtherDecreasesSchedule
    Name:
    MASON AND LULA COLE CHARITABLE TUA 600008015
    EIN:
    26-6779458
    Description Amount
    THROW BACKS 2022 TO 2021 5
    ACCRUED INTEREST PAID 143
    ROUNDING 4


    TY 2021 OtherIncreasesSchedule
    Name:
    MASON AND LULA COLE CHARITABLE TUA 600008015
    EIN:
    26-6779458
    Description Amount
    THROW BACKS 2021 TO 2020 2


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    MASON AND LULA COLE CHARITABLE TUA 600008015
    EIN:
    26-6779458
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 10,955 10,955    


    TY 2021 TaxesSchedule
    Name:
    MASON AND LULA COLE CHARITABLE TUA 600008015
    EIN:
    26-6779458
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 91 91   0
    FOREIGN TAXES ON QUALIFIED FOR 397 397   0
    FOREIGN TAXES ON NONQUALIFIED 61 61   0