Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

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 09-01-2021 , and ending 08-31-2022
Name of foundation
Tom Russell Charitable Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

36-6082517
B Telephone number (see instructions)

(800) 839-1754
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$25,928,172J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,851 2,851  
4 Dividends and interest from securities... 311,974 311,974  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,841,997
b Gross sales price for all assets on line 6a 11,433,112
7 Capital gain net income (from Part IV, line 2)... 1,841,997
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)....... Click to see attachment 1,943 1,943  
12 Total. Add lines 1 through 11........ 2,158,765 2,158,765  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 96,500     96,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,470 0 0 2,470
b Accounting fees (attach schedule)....... Click to see attachment 9,500 0 0 9,500
c Other professional fees (attach schedule).... Click to see attachment 124,542 116,942   7,600
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35,830 2,855    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 10,409     10,409
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 60,858 37   60,821
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 340,109 119,834 0 187,300
25 Contributions, gifts, grants paid....... 680,000 680,000
26 Total expenses and disbursements. Add lines 24 and 25 1,020,109 119,834 0 867,300
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,138,656
b Net investment income (if negative, enter -0-) 2,038,931
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 204,520 476,457 476,457
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 17,670,683 Click to see attachment18,282,402 23,800,715
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,396,000 Click to see attachment1,651,000 Click to see attachment1,651,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,271,203 20,409,859 25,928,172
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 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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 19,271,203 20,409,859
29 Total net assets or fund balances (see instructions)..... 19,271,203 20,409,859
30 Total liabilities and net assets/fund balances (see instructions). 19,271,203 20,409,859
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
19,271,203
2
Enter amount from Part I, line 27a .....................
2
1,138,656
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
20,409,859
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
20,409,859
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 Publicly-traded Securities      
b
c
d
e
(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 11,433,112   9,591,115 1,841,997
b
c
d
e
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       1,841,997
b
c
d
e
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 1,841,997
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  
3 Add lines 1 and 2........................... 3 28,341
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 28,341
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 23,900
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 23,900
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,441
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 taxBullet   RefundedBullet 11  
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? Click to see attachment....................
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 changesClick to see attachment....
3
Yes
 
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.Click to see attachment
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    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 ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    J KIRBY AIKEN Dir, VP
    5.0     		25,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John L Bishop Dir, Treas
    5.0     		25,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Crawford Crenshaw Dir, Sec
    5.0     		19,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    David S Lindquist Dir, Pres
    5.0     		27,500 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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...................bullet  
    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
    First American Bank Investment Mgt 88,911
    700 Busse Rd
    ELK GROVE VILLAGE,IL60007
    Foundation Source Administrative 60,000
    55 Walls Drive 3rd Fl
    FAIRFIELD,CT06824
    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 SELF-HELP CREDIT UNION - TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR IN NORTH CAROLINA 356,000
    2 SELF-HELP FEDERAL CREDIT UNION - TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW INCOME BORROWERS OF COLOR IN THE CHICAGO AREA 300,000
    All other program-related investments. See instructions.
    3 Click to see attachment 300,000
    Total. Add lines 1 through 3.........................bullet956,000
    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
    27,537,746
    b
    Average of monthly cash balances.......................
    1b
    618,910
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    28,156,656
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    28,156,656
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    422,350
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    27,734,306
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,386,715
    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
    1,386,715
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    28,341
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    28,341
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,358,374
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    701,000
    5
    Add lines 3 and 4............................
    5
    2,059,374
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    2,059,374
    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 2,059,374
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,817,301
    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......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,823,300
    a Applied to 2020, but not more than line 2a 1,817,301
    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..... 5,999
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		2,053,375
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021.... 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    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
    BRIDGES OF NORMAN INC
    1670 STUBBEMAN AVE
    NORMAN,OK73069     		N/A PC General & Unrestricted 10,000
    CALVARY CHURCH
    9S200 STATE RT 59
    NAPERVILLE,IL60564     		N/A PC Calvary Christian School Support 5,000
    CENTER FOR CHILDREN AND FAMILIES INC
    210 S COCKREL AVE
    NORMAN,OK73071     		N/A PC General & Unrestricted 10,000
    CENTER FOR COMMUNITY SELF-HELP
    301 W MAIN ST
    DURHAM,NC27701     		N/A PC General & Unrestricted 2,000
    CENTRAL OKLAHOMA AMERICAN INDIAN HEALTH COUNCIL IN
    4913 W RENO AVE
    OKLAHOMA CITY,OK73127     		N/A PC General & Unrestricted 5,000
    CHESS-IN-THE-SCHOOLS INC
    520 8TH AVENUE 22ND FLOOR
    NEW YORK,NY10018     		N/A PC Teachers will receive customized training and access to technology tools that allow offering chess instruction to students at their schools, at their own pace 50,000
    CLEVELAND COUNTY FAMILY YOUNG MENS CHRISTIAN ASSOC
    1350 LEXINGTON AVE
    NORMAN,OK73069     		N/A PC General & Unrestricted 15,000
    COLORADO COALITION FOR THE HOMELESS
    2111 CHAMPA ST
    DENVER,CO80205     		N/A PC General & Unrestricted 1,500
    COLORADO UPLIFT
    400 W 48TH AVE STE 250
    DENVER,CO80216     		N/A PC to support the Teaching/Mentoring Program 50,000
    COLORADO WOMENS EDUCATION FOUNDATION
    PO BOX 1189
    BOULDER,CO80306     		N/A PC General & Unrestricted 1,500
    COVENANT CHRISTIAN SCHOOL
    10 N EDGELAWN DR
    AURORA,IL60506     		N/A PC General & Unrestricted 5,000
    CRAZY HORSE MEMORIAL FOUNDATION
    12151 AVE OF THE CHIEFS
    CRAZY HORSE,SD57730     		N/A PC General & Unrestricted 12,500
    DONKA INCORPORATED
    400 N COUNTY FARM RD
    WHEATON,IL60187     		N/A PC General & Unrestricted 50,000
    DOROTHEA DIX PARK CONSERVANCY
    PO BOX 28575
    RALEIGH,NC27611     		N/A PC General & Unrestricted 1,500
    DUKE UNIVERSITY
    PO BOX 90581
    DURHAM,NC27708     		N/A PC Duke Gardens educational programs for school age children 2,500
    DUKE UNIVERSITY
    PO BOX 90581
    DURHAM,NC27708     		N/A PC Duke Libraries 2,500
    DUKE UNIVERSITY
    PO BOX 90581
    DURHAM,NC27708     		N/A PC Center for Racial Healing and Transformation 15,000
    ERIE FAMILY HEALTH FOUNDATION INC
    1701 W SUPERIOR ST
    CHICAGO,IL60622     		N/A SO I enable Erie to leverage the return to in-person services, harness new technology, and collaborate with a new Youth Advisory committee to re-engage patients in care and reach increasing numbers of adolescents to address the trauma they have experienced 50,000
    FRIENDS OF THE MOUNTAINS TO SEA
    PO BOX 10431
    RALEIGH,NC27605     		N/A PC Support Kate Dixon Legacy Campaign 10,000
    GADS HILL CENTER
    1919 W CULLERTON ST
    CHICAGO,IL60608     		N/A PC General & Unrestricted 5,000
    GROWING TOGETHER PRESCHOOL
    3301 BOULDER CT
    RALEIGH,NC27607     		N/A PC General & Unrestricted 7,000
    HOPE CENTER AT PULLEN INC
    112 COX AVE STE 100-A
    RALEIGH,NC27605     		N/A PC General & Unrestricted 5,000
    INTER-FAITH FOOD SHUTTLE
    1001 BLAIR DR
    RALEIGH,NC27603     		N/A PC In support of the nutrition programs at RISE Charter School 7,000
    INTERACT
    1012 OBERLIN ROAD STE 100
    RALEIGH,NC27605     		N/A PC programs in school to support children 2,500
    JUVENILE PROTECTIVE ASSOCIATION
    1707 N HALSTED ST
    CHICAGO,IL60614     		N/A PC General & Unrestricted 5,000
    KIPP OKC PUBLIC SCHOOLS
    PO BOX 14128
    OKLAHOMA CITY,OK73113     		N/A PC General & Unrestricted 12,500
    LATINO EDUCATIONAL ACHIEVEMENT PARTNERSHIP
    1737 HILLANDALE RD
    DURHAM,NC27705     		N/A PC operate two high-quality preschool programs as well as a tutoring program for older students 55,000
    LEARNING TRAIL INC
    PO BOX 3061
    CHAPEL HILL,NC27515     		N/A PC General & Unrestricted 5,000
    LEELANAU CONSERVANCY
    PO BOX 1007
    LELAND,MI49654     		N/A PC General & Unrestricted 1,000
    MARCY LAB INC
    829 JEFFERSON AVE APT 1R
    BROOKLYN,NY11221     		N/A PC Support the continued expansion of our Software Engineering Fellowship, specifically to nearly double our enrollment to 100 young people in the coming year while building the infrastructure 95,000
    PARENT POSSIBLE
    800 N GRANT ST STE 200
    DENVER,CO80203     		N/A PC General & Unrestricted 5,000
    PARTNERSHIP WITH NATIVE AMERICANS
    16415 ADDISON RD STE 200
    ADDISON,TX75001     		N/A PC General & Unrestricted 20,000
    RALEIGH CHARTER HIGH SCHOOL
    1307 GLENWOOD AVE
    RALEIGH,NC27605     		N/A PC General & Unrestricted 1,000
    RESURRECTION PROJECT
    1805 S PAULINA ST
    CHICAGO,IL60608     		N/A PC General & Unrestricted 15,000
    SE RALEIGH PROMISE INC
    900 S WILMINGTON ST STE 105
    RALEIGH,NC27601     		N/A PC General & Unrestricted 35,000
    SOUTHEAST RALEIGH CHARTER FOUNDATION INC
    3420 IDLEWOOD VILLAGE DR
    RALEIGH,NC27610     		N/A SO II General & Unrestricted 82,000
    STUDENT U
    600 E UMSTEAD ST
    DURHAM,NC27701     		N/A PC General & Unrestricted 5,000
    THE LOTUS CAMPAIGN INC
    200 S COLLEGE ST STE 200
    CHARLOTTE,NC28202     		N/A PC General & Unrestricted 1,000
    THE YOUNG MENS CHRISTIAN ASSOCIATION OF THE TRIANG
    801 CORPORATE CENTER DR STE 200
    RALEIGH,NC27607     		N/A PC Support the Southeast Raleigh Promise Initiatives of the Southeast Raleigh YMCA 1,000
    THRIVE SCHOLARS
    75 FEDERAL ST STE 1250
    BOSTON,MA02110     		N/A PC Exploring work in Raleigh NC area 5,000
    THRIVE SCHOLARS
    75 FEDERAL ST STE 1250
    BOSTON,MA02110     		N/A PC Explore expansion of Thrive operations to the Triangle, NC 5,000
    TRIANGLE COMMUNITY FOUNDATION
    324 BLACKWELL ST STE 1220
    DURHAM,NC27701     		N/A PC This grant is to support the formation of the Triangle Impact Fund 5,000
    UNITED WAY OF THE GREATER TRIANGLE INC
    PO BOX 110583
    DURHAM,NC27709     		N/A PC General & Unrestricted 1,000
    Total .................................bullet 3a 680,000
    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 2,851  
    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 1,841,997  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCLASS ACTION LAWSUIT PROCEEDS     		    01 1,943  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   2,158,765  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,158,765
    (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:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax Return Preparation/Review 9,500     9,500

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    Category Amount
    THE RESURRECTION PROJECT - SEE GENERAL EXPLANATION 300,000

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

    TY 2021 DepreciationSchedule
    Name:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    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

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    TY 2021 ExpenditureResponsibilityStmt
    Name:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    SELF HELP CREDIT UNION
          		301 W MAIN ST
    DURHAM,NC27701     		2019-08-26 192,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO 06/26/2020, 12/28/2021   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    SELF HELP FEDERAL CREDIT UNION
          		301 W MAIN ST
    DURHAM,NC27701     		2019-08-22 150,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO 06/26/2020, 12/28/2021   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    SELF HELP CREDIT UNION
          		301 W MAIN ST
    DURHAM,NC27701     		2020-08-25 281,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO 08/06/2021, 01/12/2023   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    SELF HELP FEDERAL CREDIT UNION
          		301 W MAIN ST
    DURHAM,NC27701     		2020-08-25 250,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO 08/06/2021, 01/12/2023   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    SELF HELP CREDIT UNION
          		301 W MAIN ST
    DURHAM,NC27701     		2021-08-20 240,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO 01/12/2023   NONE NECESSARY
    SELF HELP FEDERAL CREDIT UNION
          		301 WEST MAIN STREET
    DURHAM,NC27701     		2021-08-20 220,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO 01/12/2023   NONE NECESSARY
    SELF HELP CREDIT UNION
          		301 W MAIN ST
    DURHAM,NC27701     		2022-08-23 356,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO EXPECTED IN 2023   NONE NECESSARY
    SELF HELP FEDERAL CREDIT UNION
          		301 WEST MAIN STREET
    DURHAM,NC27701     		2022-08-23 300,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO EXPECTED IN 2023   NONE NECESSARY

    TY 2021 GeneralExplanationAttachment
    Name:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    Identifier Return Reference Explanation
    FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP CREDIT UNION DATE OF PRI: 08/26/2019 PURPOSE OF PRI: TO PROVIDE FINANCING TO HIGH-PERFORMING PUBLIC CHARTER SCHOOLS FOR THE PURPOSES OF PURCHASING, DEVELOPING, OR RENOVATING EDUCATIONAL FACILITIES, WITH AN EMPHASIS ON FINANCING SCHOOLS SERVING PREDOMINANTLY DISADVANTAGED AND LOW-INCOME STUDENTS AND COMMUNITIES. REPORTS OF AMOUNTS EXPENDED: SELF HELP CREDIT UNION SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS INDICATED BELOW: DATE OF REPORT: 06/26/2020 FOR FYE 12/31/2019 DATE OF REPORT: 12/28/2021 FOR PERIOD 1/1/2020-10/15/2020 THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS ON 10/15/2020, THE DATE SELF HELP CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
    FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATE OF PRI: 08/22/2019 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW INCOME BORROWERS OF COLOR IN THE CHICAGO AREA. REPORTS OF AMOUNTS EXPENDED: SELF HELP FEDERAL CREDIT UNION SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS INDICATED BELOW: DATE OF REPORT: 06/26/2020 FOR FYE 12/31/2019 DATE OF REPORT: 12/28/2021 FOR PERIOD 1/1/2020-09/29/2020 THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS ON 09/29/2020, THE DATE SELF HELP FEDERAL CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
    FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP CREDIT UNION DATE OF PRI: 8/25/2020 AMOUNT OF PRI: $281,000 PURPOSE OF PRI: TO PROVIDE FINANCING TO HIGH-PERFORMING PUBLIC CHARTER SCHOOLS FOR THE PURPOSES OF PURCHASING, DEVELOPING, OR RENOVATING EDUCATIONAL FACILITIES, WITH AN EMPHASIS ON FINANCING SCHOOLS SERVING PREDOMINANTLY DISADVANTAGED AND LOW-INCOME STUDENTS AND COMMUNITIES. REPORTS OF AMOUNT EXPENDED: SELF HELP CREDIT UNION SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS INDICATED BELOW: DATE OF REPORT: 08/06/2021 FOR FYE 12/31/2020 DATE OF REPORT: 1/12/2023 FOR PERIOD 1/1/2021-10/6/2021 THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS ON 10/06/2021, THE DATE SELF HELP CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
    FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATE OF PRI: 8/25/2020 AMOUNT OF PRI: $250,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW INCOME BORROWERS OF COLOR IN THE CHICAGO AREA. REPORTS OF AMOUNT EXPENDED: SELF HELP FEDERAL CREDIT UNION SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS INDICATED BELOW: DATE OF REPORT: 08/06/2021 FOR FYE 12/31/2020 DATE OF REPORT: 1/12/2023 FOR PERIOD 1/1/2021-10/1/2021 THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS OF 10/1/2021, THE DATE SELF HELP FEDERAL CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
    FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP CREDIT UNION DATE OF PRI: 8/20/2021 AMOUNT OF PRI: $240,000 PURPOSE OF PRI: TO PROVIDE FINANCING TO HIGH-PERFORMING PUBLIC CHARTER SCHOOLS FOR THE PURPOSES OF PURCHASING, DEVELOPING, OR RENOVATING EDUCATIONAL FACILITIES, WITH AN EMPHASIS ON FINANCING SCHOOLS SERVING PREDOMINANTLY DISADVANTAGED AND LOW-INCOME STUDENTS AND COMMUNITIES. REPORTS OF AMOUNT EXPENDED: SELF HELP CREDIT UNION SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEAR INDICATED BELOW: DATE OF REPORT: 1/12/2023 FOR FYE 12/31/2021 THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 08/31/2022. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
    FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATE OF PRI: 8/20/2021 AMOUNT OF PRI: $220,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR IN THE CHICAGO AREA. REPORTS OF AMOUNT EXPENDED: SELF HELP FEDERAL CREDIT UNION SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEAR INDICATED BELOW: DATE OF REPORT: 1/12/2023 FOR FYE 12/31/2021 THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 08/31/2022. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
    FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP CREDIT UNION DATE OF PRI: 08/23/2022 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR IN NORTH CAROLINA. REPORTS OF AMOUNTS EXPENDED: SELF HELP CREDIT UNION IS EXPECTED TO SUBMIT A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT IN 2023. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 08/31/2022. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
    FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATE OF PRI: 08/23/2022 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR IN THE CHICAGO AREA. REPORTS OF AMOUNTS EXPENDED: SELF HELP FEDERAL CREDIT UNION IS EXPECTED TO SUBMIT A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT IN 2023. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 08/31/2022. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
    PART IX-B LINE 3 SUMMARY OF PROGRAM-RELATED INVESTMENTS PART IX-B LINE 3 SUMMARY OF PROGRAM-RELATED INVESTMENTS THE RESURRECTION PROJECT - to provide capital to low income Black and Latino homeowners to increase access to affordable housing

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC 58,626 262,210
    ACTIVISION BLIZZARD INC 88,854 95,836
    ADOBE SYSTEMS, INC 38,724 45,186
    AIR PRODS & CHEM INC 125,690 174,443
    ALPHABET INC CL A 191,547 616,313
    AMAZON COM 267,169 550,055
    AMERICAN ELECTRIC POWER INC 135,971 177,254
    ANALOG DEVICES INC 158,085 179,563
    APPLE INC 142,763 996,618
    APPLIED MATERIALS INC 114,476 90,683
    ASTRAZENECA 158,230 165,120
    BANK OF AMERICA CORP 105,418 141,565
    BERKSHIRE HATHAWAY INC. CLASS 114,279 197,122
    BOEING CO 209,277 134,129
    BOSTON SCIENTIFIC 135,253 146,366
    BRISTOL-MYERS SQUIBB CO 78,541 78,128
    BROADCOM INC 78,738 237,576
    BROWN CAPITAL MANAGEMENT SMALL 148,371 132,915
    CHARLES SCHWAB CORP 151,158 144,951
    CHEVRON CORP 116,137 196,469
    CINTAS CRP 54,313 203,013
    CLEARBRIDGE INTERNATIONAL GROW 852,023 882,957
    COMCAST CORP 88,159 103,033
    CONOCOPHILLIPS 45,921 54,834
    CONSTELLATION BRANDS INC 131,594 179,617
    CROWN CASTLE INTL 102,401 171,001
    CVS CAREMARK CORP 128,099 127,693
    DANAHER CORP 48,707 202,163
    DOMINION ENERGY INC 83,217 84,336
    EASTMAN CHEMICAL CO 69,749 59,787
    EATON CORP PLC 66,922 67,500
    ELI LILLY & CO 129,923 262,974
    EXXON MOBIL CORP 189,230 242,225
    FIRST REPUBLIC BANK 63,188 148,945
    GOLDMAN SACHS GROUP 49,487 126,082
    HOME DEPOT INC 133,786 286,689
    HONEYWELL INTL 82,588 152,616
    ILLUMINA INC COM 72,983 51,015
    INTERCONTINENTAL EXCHANGE, INC 61,695 107,809
    IVY MID CAP GROWTH FUND CLASS 1,260,263 843,375
    JP MORGAN CHASE 128,542 168,775
    KNIGHT SWIFT TRANSPORTATION HO 76,749 83,897
    MARRIOTT INTERNATIONAL INC. CL 77,425 161,427
    MARSH AND MCLENNAN COMPANIES I 75,643 171,052
    MEDTRONIC PLC 66,927 69,193
    META PLATFORMS INC 144,700 152,828
    MFS NEW DISCOVERY VALUE FUND C 1,364,882 1,640,572
    MICROSOFT CORP 205,272 841,672
    MONDELEZ INTERNATIONAL INC 100,854 125,328
    NIKE INC-CL B 87,648 146,901
    NORTHROP GRUMMAN CORP 92,210 186,894
    NVIDIA CORP 191,135 130,261
    PALO ALTO NETWORKS INC 110,925 142,543
    PAYPAL HOLDINGS, INC 113,394 46,440
    PEPSICO INC 100,163 215,165
    PHILLIPS 66 72,338 94,470
    PIONEER NAT RES CO 72,078 92,172
    PNC FINANCIAL GROUP INC 50,169 92,430
    PPG INDUSTRIES INC 55,908 54,728
    PROCTER GAMBLE CO 102,091 163,597
    PROLOGIS 71,905 68,481
    REPUBLIC SVCS INC 54,336 98,049
    SCHWAB S P 500 INDEX FUND SELE 1,203,978 1,646,923
    SERVICE NOW 61,830 54,762
    SYNOVUS FINL CP 83,731 66,063
    TEXAS INSTRUMENTS INC 47,577 124,073
    THERMO FISHER SCIENTIFIC INC 75,099 262,299
    TJX COMPANIES INC 85,815 105,247
    TRANE TECHNOLOGIES PLC 53,959 103,843
    TRANSAMERICA INTERNATIONAL EQU 1,013,079 889,895
    ULTA SALON, COSMETICS & FRAGRA 76,579 131,839
    UNION PACIFIC 57,967 131,114
    UNITEDHEALTH GROUP INC 118,807 380,669
    VANGUARD EMERGING MARKETS STOC 140,000 126,744
    VANGUARD FTSE EMERGING MARKETS 225,534 209,598
    VANGUARD MID-CAP INDEX FD ADMI 1,074,239 993,268
    VANGUARD RUSSELL 2000 GROWTH I 1,511,595 1,448,369
    VANGUARD S&P MIDCAP 400 GROWTH 594,431 511,442
    VANGUARD S&P SMALL CAP 600 316,696 297,989
    VANGUARD SMALL CAP INDEX FD AD 100,000 96,909
    VERTIV CL A 32,904 26,058
    VICTORY SYCAMORE ESTABLISHED V 1,308,927 1,493,131
    VISA INC 70,627 294,488
    WAL-MART STORES INC 37,758 61,768
    WALT DISNEY HOLDINGS CO 79,943 148,282
    WORKDAY INC 65,715 49,697
    ZOETIS INC 98,763 79,204

    TY 2021 LegalFeesSchedule
    Name:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Document Review/Drafting 2,470     2,470


    TY 2021 OtherAssetsSchedule
    Name:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PRI - CLEVELAND CNTY FAMILY YM   10,000 10,000
    PRI - PAVE SOUTHEAST RALEIGH C   50,000 50,000
    PRI - SELF HELP CREDIT UNION (   240,000 240,000
    PRI - SELF HELP CREDIT UNION (   356,000 356,000
    PRI - SELF HELP FEDERAL CREDIT   220,000 220,000
    PRI - SELF HELP FEDERAL CREDIT   300,000 300,000
    PRI - THE RESURRECTION PROJECT   175,000 175,000
    PRI - THE RESURRECTION PROJECT   300,000 300,000


    TY 2021 OtherExpensesSchedule
    Name:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 60,000     60,000
    Bank Charges 37 37    
    Foundation Dues & Memberships 795     795
    State or Local Filing Fees 26     26


    TY 2021 OtherIncomeSchedule2
    Name:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Class Action Lawsuit Proceeds 1,943 1,943  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 116,942 116,942    
    Philanthropic Consulting Srvcs 7,000     7,000
    TRANSCRIPTION SERVICES 600     600


    TY 2021 TaxesSchedule
    Name:
    Tom Russell Charitable Foundation Inc
    EIN:
    36-6082517
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2022 23,900      
    990-PF Excise Tax for 2021 9,075      
    Foreign Tax Paid 2,855 2,855