Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022
Name of foundation
TIMKEN FOUNDATION OF CANTON
 
Number and street (or P.O. box number if mail is not delivered to street address)200 MARKET AVENUE N 210
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CANTON, OH44702
A Employer identification number

34-6520254
B Telephone number (see instructions)

(330) 452-1144
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$296,493,018J 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 833,046 833,046  
4 Dividends and interest from securities... 5,822,729 5,818,513  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 28,430,763
b Gross sales price for all assets on line 6a 75,399,442
7 Capital gain net income (from Part IV, line 2)... 28,430,763
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 275,000 0  
12 Total. Add lines 1 through 11........ 35,361,538 35,082,322  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 334,481 33,448   301,033
14 Other employee salaries and wages...... 73,000 14,600   58,400
15 Pension plans, employee benefits....... 8,760 1,752   7,008
16a Legal fees (attach schedule)......... Click to see attachment 66,508 0   66,508
b Accounting fees (attach schedule)....... Click to see attachment 16,800 0   16,800
c Other professional fees (attach schedule).... Click to see attachment 160,213 160,213   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 116,229 5,309   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,903 0  
20 Occupancy.............. 30,169 0   30,169
21 Travel, conferences, and meetings....... 27,595 0   27,595
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 110,063 0   110,063
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 945,721 215,322   617,576
25 Contributions, gifts, grants paid....... 16,022,651 16,022,651
26 Total expenses and disbursements. Add lines 24 and 25 16,968,372 215,322   16,640,227
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 18,393,166
b Net investment income (if negative, enter -0-) 34,867,000
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............. 22,663 4,143,194 4,143,194
2 Savings and temporary cash investments......... 6,648,978 1,186,444 1,186,444
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.......... 10,763 10,763 10,763
10a Investments—U.S. and state government obligations (attach schedule) 195,585 0 0
b Investments—corporate stock (attach schedule)....... 40,750,736 Click to see attachment26,326,490 289,899,002
c Investments—corporate bonds (attach schedule)....... 8,204,575 0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,035,202 Click to see attachment1,035,202 1,035,202
14 Land, buildings, and equipment: basis bullet182,241
Less: accumulated depreciation (attach schedule) bullet151,199 32,945 Click to see attachment31,042 0
15 Other assets (describe bullet) Click to see attachment104,398 Click to see attachment218,413 Click to see attachment218,413
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 57,005,845 32,951,548 296,493,018
Liabilities 17 Accounts payable and accrued expenses.......... 5,322 3,792
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) Click to see attachment2,716 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 8,038 3,792
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........ 127,751,496 127,751,496
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -70,753,689 -94,803,740
29 Total net assets or fund balances (see instructions)..... 56,997,807 32,947,756
30 Total liabilities and net assets/fund balances (see instructions). 57,005,845 32,951,548
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
56,997,807
2
Enter amount from Part I, line 27a .....................
2
18,393,166
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
75,390,973
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
42,443,217
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
32,947,756
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 P    
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 75,399,442   46,968,679 28,430,763
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       28,430,763
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 28,430,763
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........................... 3 484,651
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- ..... 5 484,651
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 100,000
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 100,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 384,651
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? ....................
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOH
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMARK A SCHEFFLER Telephone no.bullet (330) 452-1144

    Located atbullet200 MARKET AVENUE NCANTONOH ZIP+4bullet44702
    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
    Yes
     
    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
     
    No
    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
    WARD J TIMKEN TRUSTEE
    1.00     		23,965 0 0
    200 MARKET AVENUE N
    CANTON,OH44702
    WARD J TIMKEN JR TRUSTEE
    1.00     		0 0 0
    200 MARKET AVENUE N
    CANTON,OH44702
    WR TIMKEN JR TRUSTEE
    1.00     		0 0 0
    200 MARKET AVENUE N
    CANTON,OH44702
    JOY A TIMKEN TRUSTEE
    1.00     		0 0 0
    200 MARKET AVENUE N
    CANTON,OH44702
    ROBERT R TIMKEN PRESIDENT/TRUSTEE
    10.00     		91,517 16,457 0
    200 MARKET AVENUE N
    CANTON,OH44702
    HH KURT TIMKEN TRUSTEE
    1.00     		0 0 0
    200 MARKET AVENUE N
    CANTON,OH44702
    MARK A SCHEFFLER EXECUTIVE DIRECTOR
    40.00     		219,000 31,436 0
    200 MARKET AVENUE N
    CANTON,OH44702
    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
    ROSE A GEIB OPERATIONS & GRANT C
    40.00     		73,000 10,020 0
    200 MARKET AVENUE N
    CANTON,OH44702
    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.........................bullet0
    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
    319,584,206
    b
    Average of monthly cash balances.......................
    1b
    7,366,143
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    326,950,349
    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
    326,950,349
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    4,904,255
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    322,046,094
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    16,102,305
    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
    16,102,305
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    484,651
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    484,651
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    15,617,654
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    275,000
    5
    Add lines 3 and 4............................
    5
    15,892,654
    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
    15,892,654
    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 15,892,654
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 15,469,530
    b Total for prior years:20, 20, 20 0
    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 ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 16,640,227
    a Applied to 2020, but not more than line 2a 15,469,530
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 1,170,697
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		14,721,957
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    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).)
    WARD J TIMKEN
    WARD J TIMKEN JR
    WR TIMKEN JR
    JOY A TIMKEN
    ROBERT R TIMKEN
    HH KURT TIMKEN
    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.
    WARD J TIMKEN
    WARD J TIMKEN JR
    WR TIMKEN JR
    JOY A TIMKEN
    ROBERT R TIMKEN
    HH KURT TIMKEN
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ROBERT R TIMKEN
    200 MARKET AVENUE N SUITE 210
    CANTON,OH44702
    (330) 452-1144
    bThe form in which applications should be submitted and information and materials they should include:
    NO SPECIFIC FORM OF APPLICATION IS REQUIRED. INFORMATION SUBMITTED MUST INCLUDE VERIFICATION OF THE APPLICANT'S STATUS UNDER IRC SECTION 501(C)(3)
    cAny submission deadlines:
    THERE ARE NO SUBMISSION DEADLINES.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    EXCEPT UNDER UNUSUAL CIRCUMSTANCES, GRANTS ARE AWARDED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ORGANIZATIONS UNDER IRC SECTION 501(C)(3) OR TO FOREIGN CHARITABLE ORGANIZATIONS PURSUANT TO REGULATIONS 53.4945-5(A)(5) BASED ON AFFIDAVITS OF THE GRANTEE ORGANIZATION OR OPINIONS OF COUNSEL THAT THE GRANTEE IS AN ORGANIZATION DESCRIBED IN SECTION 509(A)(1), (2), OR (3).
    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
    AMERICAN RED CROSS - CLEVELAND
    3747 EUCLID AVENUE
    CLEVELAND,OH44115     		  PC DISASTER RELIEF - LOWER MIDWEST TORNADOS 100,000
    ANDERSON COUNTY MUSEUM
    202 EAST GREENVILLE STREET
    ANDERSON,SC296215509     		  PC ANDERSONIANS IN WAR - PHASE II 100,000
    ASSOCIATION FOR EDUCATION AND FAMILY WEGIELEK
    PAWA KOODZIEJA 89A STREET
    KATOWICE   40-749
    PL     		  PC FAMILY KINDERGARTEN 75,000
    AVPS - ASSOCIAZIONE VOLONTARI DI PRONTO SOCCORSO E PUBBLICA ASSISTENZA DI V
    VIA LUIGI CADORNA N 28
    VIMERCATE MB   20059
    IT     		  PC PURCHASE OF AN EMERGENCY RESCUE VEHICLE WITH A REINFORCED STRUCTURE AND FEATURES FOR AUTOMATIC COVID SANITATION 99,267
    BOYS & GIRLS CLUBS OF MASSILLON
    730 DUNCAN ST SW
    MASSILLON,OH44647     		  PC BOYS & GIRLS CLUB OF MASSILLON EXPANSION PROJECT 1,000,000
    BUILDING BETTER FUTURES
    3 PROF ION VOICU STREET
    COMMUNE,PRAHOVA COUNTY  
    RO     		  PC TIM 185,000
    CANTON STUDENT LOAN FOUNDATION
    4974 HIGBEE AVE NW SUITE 204
    CANTON,OH44718     		  PC STUDENT LOAN FINANCING 50,000
    CHEROKEE COUNTY MEALS-ON-WHEELS
    403 W MONTGOMERY ST
    GAFFNEY,SC293400001     		  PC RISING UP AGAINST HUNGER BUILDING EXPANSION 100,000
    CHILD & FAMILY SERVICES OF NW MICHIGAN
    3785 VETERANS DRIVE
    TRAVERSE CITY,MI49684     		  PC STRUCTURAL REPAIRS TO THE BUILDING 44,715
    CHILDERN'S HOSPITAL MEDICAL CENTER OF AKRON
    ONE PERKINS SQUARE
    AKRON,OH44512     		  PC EXPANDING BEHAVIORAL HEALTH CARE SERVICES TO MEET A CRITICAL NEED 500,000
    CHILDREN'S CANCER PARTNERS OF THE CAROLINAS
    900 S PINE ST STE F
    SPARTANBURG,SC293023376     		  PC CHILDHOOD CANCER NEXUS: FAMILY SUPPORT PLATFORM 95,000
    CITY OF GAFFNEY
    PO BOX 2109
    GAFFNEY,SC29342     		  GOV IRENE POOL AND SPLASH PAD 25,000
    CLEVELAND CLINIC FOUNDATION
    9500 EUCLID AVENUE
    CLEVELAND,OH44195     		  PC FOR SUPPORT OF THE AMD RESEARCH INITIATIVE 1,556,178
    CLEVELAND MUSEUM OF NATURAL HISTORY
    1 WADE OVAL DRIVE UNIVERSITY CIRCLE
    CLEVELAND,OH441061767     		  PC CAPITAL CAMPAIGN-NEW WING PHASE 2 301,408
    COMMUNE DE KAYSERSBERG VIGNOBLE
    39 RUE DU GNRAL DE GAULLE
    KAYSERSBERG   68240
    FR     		  PC SCHWEITZER CENTER - IN THE FOOTSTEPS OF THE NOBEL PEACE PRIZE 50,000
    COMMUNITY CONNECTIONS INC
    215 S WALKER STREET
    PRINCETON,WV24740     		  PC YOUTH PREVENTION PROGRAMS TRANSPORTATION VAN 25,000
    COMMUNITY RENEWAL TEAM INC
    555 WINDSOR STREET
    HARTFORD,CT06120     		  PC CAPITAL PROJECTS ON BEHALF OF WOMEN AND CHILDREN 58,000
    COMUNE DI BOVEZZO
    VIA VITTORIO VENETO
    BOVEZZO   25073
    IT     		  GOV PAVILION FOR EARLY CHILDHOOD LEARNING CENTER 41,886
    COMUNE DI VALMADRERA
    VIA ROMA 31
    VALMADRERA   23868
    IT     		  GOV RENOVATIONS TO VALMADRERA BOTANICAL GARDEN 70,000
    COMUNE DI VILLA CARCINA
    UFFCI DI VIA ROMA 2
    VILLA CARCINA   25069
    IT     		  GOV SHELTER PAVILION AT CHIOSCO SOLIDALE 29,250
    COUNTY OF CHESHIRE
    12 COURT ST
    KEENE,NH03431     		  GOV CHESHIRE RAIL TRAIL - TROY SECTION 25,000
    COURT APPOINTED SPECIAL ADVOCATES OF SOUTHWEST MISSOURI (DBA CASA OF SOUTHW
    PO BOX 4853
    SPRINGFIELD,MO65808     		  GOV CASA CLUBHOUSE - TEEN EDUCATION CENTER 100,000
    COVER HOME REPAIR INC
    158 S MAIN ST
    WHITE RIVER JUNCTION,VT05001     		  PC BUILDING RENEWAL PROJECT 50,000
    CRAWFORD COUNTY AGRICULTURAL SOCIETY
    610 WHETSTONE ST
    BUCYRUS,OH44820     		  PC CRAWFORD COUNTY FAIR COMMUNITY BUILDING 150,000
    DOMESTIC VIOLENCE AND SEXUAL ASSAULT SERVICES OF WHATCOM COUNTY
    1407 COMMERCIAL ST
    BELLINGHAM,WA982254309     		  PC DVSAS CLOUD MIGRATION 30,000
    DUPAGE CHILDREN'S MUSEUM
    301 N WASHINGTON ST
    NAPERVILLE,IL605404537     		  PC TECHNOLOGY IMPROVEMENT PROJECT 20,750
    EAST HAVEN HIGH SCHOOL
    35 WHEELBARROW LANE
    EAST HAVEN,CT06512     		  PC MANUFACTURING AT EAST HAVEN HIGHSCHOOL 45,000
    ECHOING HILLS VILLAGE INC
    36272 CR 79
    WARSAW,OH43844     		  PC COMMUNITY INTEGRATION PROJECT 75,000
    EUROPEAN COMMUNITY OF ALSACE
    HOTEL DE LA COLLECTIVIT EUROPENNE
    DALSACE PLACE DU QUARTIER BLANC
    STRASBOURG   F-67964
    FR     		  GOV DEVELOPMENT OF THE SCIENCE ROOMS OF THE CHATENOIS COLLEGE 100,000
    EXCEPTIONAL CARE FOR CHILDREN
    11 INDEPENDENCE WAY
    NEWARK,DE197131159     		  PC THE BRIDGE UNIT - A FIRST OF ITS KIND YOUNG ADULT CENTER 45,000
    HABITAT FOR HUMANITY ROMANIA
    STR VORNICU IONITA NR 4
    SECTOR,BUCHAREST20325
    RO     		  PC BUILD AN ADDITIONAL 4 FAMILY HOUSING UNIT 100,000
    HELPINGAHEROORG
    12345 JONES RD STE 222
    HOUSTON,TX77070     		  PC HOME PROGRAM/100 HOMES CHALLENGE 15,000
    HOPE CENTER FOR CHILDREN
    PO BOX 1731
    SPARTANBURG,SC29304     		  PC FOSTER HOME FOR TEEM GIRLS & SIBLING GROUPS: KITCHEN & LAUNDRY RENNOVATION; TEEN STUDY LOUNGE 43,500
    HOUSTON'S AMAZING PLACE INC
    3735 DREXEL DRIVE
    HOUSTON,TX77027     		  PC NEW WEST HOUSTON FACILITY 40,000
    HUB CITY FARMERS MARKET
    248 N CHURCH ST
    SPARTANBURG,SC293065141     		  PC IMPROVING VIBRANCY AT HARVEST PARK 25,000
    ICAN INC
    1214 MARKET AVENUE NORTH
    CANTON,OH447142617     		  PC CHERRY GROVE 150,000
    J BABE STEARN COMMUNITY CENTER
    2628 13TH ST SW
    CANTON,OH447102169     		  PC CAL RIPKEN, SR. FIELD AT THE J BABE STEARN COMMUNITY CENTER 300,000
    JERRY AND LAURA JACOBSON FOUNDATION INC DBA AGE OF STEAM ROUNDHOUSE MUSEUM
    213 SMOKEY LANE RD PO BOX 427
    SUGARCREEK,OH44681     		  PC PULLMAN CAR SHED 300,000
    JIANGYIN YUSHANWAN EXPERIMENTAL SCHOOL
    NO 68 MUDAN ROAD YUSHANWAN NEW TOWN
    DISTRICT
    JIANGYIN WUXI CITY    
    CH     		  PC REBUILD THE LITTLE THEATRE OF YUSHANWAN EXPERIMENTAL SCHOOL 156,204
    JUNIOR ACHIEVEMENT OF NORTH CENTRAL OHIO
    4353 EXECUTIVE CIRCLE NW
    CANTON,OH44718     		  PC JUNIOR ACHIEVEMENT OF NORTH CENTRAL OHIO (JA OF NCO) BUILDING RENOVATION 50,000
    LIMESTONE UNIVERSITY
    1115 COLLEGE DRIVE
    GAFFNEY,SC29340     		  PC RENOVATION OF THE FORMER A. J. EASTWOOD LIBRARY BUILDING 250,000
    LINCOLN COUNTRY COALITION AGAINST DOMESTIC VIOLENCE
    152 VANDIVER DRIVE
    LINCOLNTON,NC280930476     		  PC LCCADV - NEW SHELTER/CLIENT SERVICES CENTER 200,000
    LINCOLN COUNTY PUBLIC SCHOOLS
    2737 LEE LAWING ROAD
    LINCOLNTON,NC28092     		  GOV OUTDOOR LEARNING CLASSROOM AT GE MASSEY ELEMENTARY SCHOOL 20,000
    LOS ALAMITOS YOUTH CENTER INC
    10909 OAK STREET
    LOS ALAMITOS,CA90720     		  PC CREATION OF LEARNING CENTER IN NEWLY RENOVATED LOCATION 60,000
    LOS ANGELES CENTER FOR ALCOHOL AND DRUG ABUSE
    12070 TELEGRAPH RD STE 207
    SANTA FE SPGS,CA906708213     		  GOV KITCHEN RENOVATION PROJECT 60,000
    MAIRIE DE HORBOURG-WIHR
    44 GRANDRUE
    HORBOURG   68180
    FR     		  PC REHABILITATION AND REINFORCMENT OF THE "BRIDGE OF THE AMERICANS" 100,000
    MANUFACTURING ADVOCACY & GROWTH NETWORK INC (MAGNET)
    1768 E 25TH ST
    CLEVELAND,OH441144418     		  PC BUILDING PROSPERITY: CAPITAL CAMPAIGN 250,000
    MAPS AIR MUSEUM
    2260 INTERNATIONAL PARKWAY
    CANTON,OH44720     		  PC MAIN HANGAR ROOF REPLACEMENT 65,000
    MASCOMA VALLEY PRESERVATION
    PO BOX 107
    GRAFTON,NH032400107     		  PC GRAFTON CENTER MEETINGHOUSE REHABILITATION 50,000
    MIDDLE TYGER COMMUNITY CENTER
    84 GROCE ROAD
    LYMAN,SC293651761     		  PC FFACILITY UPGRADE AND REPAIR 30,000
    MONADNOCK FAMILY SERVICES
    64 MAIN STREET SUITE 211
    KEENE,NH03431     		  PC OPPORTUNITY OF HOPE 100,000
    MUSICAL ARTS ASSOCIATION
    11001 EUCLID AVE
    CLEVELAND,OH44106     		  PC CAPITAL IMPROVEMENTS FOR SEVERANCE AND BLOSSOM MUSIC CENTER 1,026,453
    NANJING HIGH SCHOOL OF JIANGSU PROVINCE
    NO 158 LONGDING ROAD HIGH-TECH ZONE
    JIANGYIN WUXI CITY,JIANGSU PROVINCE214437
    CH     		  PC BUILD THE STUDENT ACTIVITY CENTER 124,490
    NORRISTOWN ZOOLOGICAL SOCIETY DBA ELMWOOD PARK ZOO
    1661 HARDING BLVD
    NORRISTOWN,PA19401     		  PC JEWEL BOX EXHIBITS IN ENTRY PLAZA PROJECT 70,000
    OHIO FFA CAMP MUSKINGUM
    3266 DYEWOOD RD SW
    CARROLTON,OH446159246     		  PC BLUE GILL ROCK AMPHITHEATER RESTORATION WITH ADA IMPROVEMENTS 100,000
    OPERATION COMPASSION
    250 OAKVALE ROAD
    PRINCETON,WV24740     		  PC FOOD STORAGE AND FREEZER EXPANSION 30,000
    OSNABURG LOCAL SCHOOL DISTRICT
    310 BROWNING CT
    EAST CANTON,OH44730     		  GOV ADVANCING HEALTH AND WELLNESS EQUITY IN EAST CANTON SCHOOLS 150,000
    OUR DAILY BREAD KITCHEN
    831 E PRITCHARD STREET
    ASHEBORO,NC27203     		  PC FOOD STORAGE 25,000
    PUTNAM FOUNDATION
    2550 5TH AVE
    SAN DIEGO,CA921036612     		  PC MUSEUM EXPANSION PROJECT 1,635,457
    REFUGE OF HOPE MINISTRIES
    715 SECOND ST NE
    CANTON,OH447119361     		  PC MINISTRY CENTER CONSTRUCTION ACROSS THE STREET FROM SHELTER 30,000
    RISE FOR BABY & FAMILY
    147 WASHINGTON ST
    KEENE,NH034313131     		  PC CAPITAL IMPROVEMENTS ON RISE BUILDING/GROUNDS 13,300
    RUTHERFORD COUNTY HABITAT FOR HUMANITY INC
    PO BOX 1534
    RUTHERFORDTON,NC28139     		  PC A NEW HOME IN SPINDALE REVITALIZATION AREA 25,000
    RUTHERFORDTON FIRE AND RESCUE
    144 N MITCHELL ST
    RUTHERFORDTON,NC28139     		  GOV MINI-PUMPER 75,000
    SAFE HARBOR CHILDRENS ADVOCACY CENTER
    402 TROWBRIDGE ST
    ALLEGAN,MI49010     		  PC LIGHTING THE WAY TO A FUTURE OF HOPE AND HEALING 20,000
    SASKATOON INDUSTRY EDUCATION COUNCIL
    441 WITNEY AVE N
    SASKATOON,SKS7L3M6
    CA     		  PC SKILL STGES PROGRAM 30,000
    SC SCHOOL FOR THE DEAF AND THE BLIND FOUNDATION
    355 CEDAR SPRINGS ROAD
    SPARTANBURG,SC29302     		  PC LIGHTING THE FIRE 55,000
    SECOND HARVEST FOOD BANK OF EAST TENNESSEE
    136 HARVEST LANE
    MARYVILLE,TN37801     		  PC PATHWAYS TO PROGRESS 90,000
    SENIOR SERVICES OF VAN BUREN CO
    08337 M140 HWY
    SOUTH HAVEN,MI49090     		  PC SOUND AND LIGHTING EQUIPMENT IN THE AUDITORIUM 15,000
    SHANDONG PROVINCE YANTAI ZHIFU DISTRICT HUANGWU SUB-DISTRICT ZHUYAN COMMUNI
    38 NORTH ZHUYAN ROAD
    ZHUYAN COMMUNITY,SHANDONG PROVIDEN  
    CH     		  GOV GRANT APPLICATION FOR UPGRADING AND RECONSTRUCTING OF THE HUANGWU CITIZENS SERVICE CENTER 85,000
    SOCIAL AWARENESS FOR DEMOCRATIC ART & RESEARCH (SAFDAR)
    94 KARAMTOLI BACKSIDE OF DHARAMBIR
    CLUB
    MORAHBADI,RANCHI, JHARKHAND834001
    IN     		  GOV PROPOSAL FOR TRIBAL SCHOOL OF ENTREPRENEURSHIP 175,000
    SOCIETY FOR EDUCATION WELFARE AND ACTION (SEWA) - RURAL
    SEWA RURAL
    JHAGADIA,DISTRICT BHARUCH,393110
    IN     		  GOV PROPOSAL FOR SEWA RURAL HOSPITAL EXPANSION PROJECT 120,000
    SOUTH HAVEN SCOTT CLUB
    652 PHOENIX ST PO BOX 54
    SOUTH HAVEN,MI49090     		  PC ACCESSIBILITY IMPROVEMENT PROJECT 15,000
    SPRINGFIELD COMMUNITY GARDENS
    1126 NORTH BROADWAY AVENUE BLDG A
    SPRINGFIELD,MO65802     		  PC INFRASTRUCTURE FOR SCG MARKET FARMS 67,000
    STAATLICHE BERUFSSCHULE PEGNITZ
    PFARRER-DRVOGL-STRAE 31/33
    PEGNITZ   91257
    GM     		  GOV ROBOTICS TABLES FOR TEACHING MANUFACTURING AUTOMATION 100,000
    STADT BAYREUTH
    REFERAT FR KULTUR UND TOURISMUS
    BENEDIKT STEGMAYER KANALSTRAE 3 / S
    BAYREUTH   95444
    GM     		  GOV OPEN LIBRARY 75,000
    STARK COMMUNITY FOUNDATION INC
    400 MARKET AVENUE NORTH SUITE 200
    CANTON,OH447021557     		  PC ECONOMIC REDEVELOPMENT FUNDS 2,000,000
    STARK STATE COLLEGE FOUNDATION
    6200 FRANK AVE NW
    NORTH CANTON,OH44720     		  PC STARK STATE COLLEGE WELDING AND MATERIAL JOINING CENTER 350,000
    STEM CAREER PATH PROJECT INC
    1366 STARTOWN RD
    LINCOLNTON,NC28092     		  PC NEW CAREER AND TECHNICAL EDUCATION (CTE) FACILITY 50,000
    TEAM NEO FOUNDATION
    1111 SUPERIOR AVENUE
    CLEVELAND,OH441142522     		  PC TWO-YEAR OPERATING SUPPORT 125,000
    THE CONSERVATION FOUNDATION
    10S404 KNOCK KNOLLS ROAD
    NAPERVILLE,IL60565     		  PC IMPROVING THE HEALTH OF THE COMMUNITY THROUGH MCDONALD FARM ENHANCEMENTS 58,500
    THE GOLDEN KEY CENTER FOR EXCEPTIONAL CHILDREN INC
    1431 30TH STREET NW
    CANTON,OH44709     		  PC BUILDING EXPANSION PROJECT 500,000
    THE HEALTHY BOURBON COUNTY ACTION TEAM
    104 N NATIONAL AVE
    FORT SCOTT,KS66701     		  PC FORT SCOTT SPLASH PAD 75,000
    THE LOT PROJECT
    302 W MARKET ST
    ANDERSON,SC296224181     		  PC WEST MARKET MAKERS 60,000
    THE SALVATION ARMY - EASTERN TERRITORY
    420 MARKET AVE S PO BOX C-635
    WEST NYACK,OH10994     		  PC REPLACEMENT OF AGING VEHICLES USED FOR PROGRAMMING 128,938
    THE VILLAGE FOR FAMILIES & CHILDREN
    1680 ALBANY AVENUE
    HARTFORD,CT06105     		  PC QUALITY PARENTING CENTER PLAYGROUND 22,000
    TOWN OF EAST HAVEN ANIMAL SHELTER
    189 COMMERCE STREET
    EAST HAVEN,CT06512     		  GOV EAST HAVEN ANIMAL SHELTER SIDING AND BUILDING PRESERVATION PROJECT 10,000
    TOWN OF SOSNOWIEC
    AL ZWYCIESTWA 20
    SOSNOWIEC   41-200
    PL     		  GOV ELEVATOR INSTALLATION AND RELATED IMPROVEMENTS 175,000
    UNION SERVICES INC
    226 SOUTH GADBERRY STREET
    UNION,SC29379     		  PC PURCHASE TWO NEW PASSENGER VANS 55,000
    VERSITI INC
    638 N 18TH ST
    MILWAUKEE,WI53233     		  PC TRAVERSE CITY DONOR CENTER IMPROVEMENTS 45,285
    VIDYARANYA
    BANGALORE -560 051 TASKER TOWER
    SHIVAJI NAGAR   560051
    IN     		  PC PROPOSAL FOR ADDITIONAL SCHOOL INFRASTRUCTURE FOR MENTALLY CHALLENGED CHILDREN 225,000
    VILLE DE COLMAR
    1 PLACE DE LA MAIRIE
    COLMAR   F-68000
    FR     		  GOV RENOVATION, EXTENSION AND ENHANCEMENT OF THE FLORIMONT SOCIOCULTURAL CENTER 100,000
    WHATCOM FAMILY YMCA
    1256 NORTH STATE STREET
    BELLINGHAM,WA982255016     		  PC BUILDING WHAT MATTERS 30,000
    XIANGTAN POETRY ASSOCIATION
    XIANGTAN CPPCC BUILDING
    XIANGTAN CITY,HUNAN PROVINCE  
    CH     		  PC XIANGTAN CHINESE CLASSICAL POETRY EDUCATION BASE 75,000
    YANTAI 120 EMERGENCY COMMAND CENTER
    17FUHOU ROAD
    LAISHAN DISTRICT,YANTIA CITRY  
    CH     		  PC APPLICATION FOR PURCHASING PUBLIC SERVICE FIST AID TRAINING EQUIPMENTS 150,070
    YMCA OF WESTERN STARK COUNTY
    131 TREMONT AVE SE
    MASSILLON,OH446466637     		  PC REPLACE AN AC UNIT AND IMPROVE HEATING 25,000
    YOUNG MENS CHRISTIAN ASSOCIATION INC - RANDOLP-ASHEBORO
    343 HWY 42 N
    ACHEBORO,NC272037919     		  PC FACILITY UPGRADES TO ALIGN WITH SOCIAL-EMOTIONAL LEARNING CONCEPTS 100,000
    Total .................................bullet 3a 16,022,651
    bApproved for future payment
    CLEVELAND CLINIC FOUNDATION
    9500 EUCLID AVENUE
    CLEVELAND,OH44195     		  PC FOR SUPPORT OF THE AMD RESEARCH INITIATIVE 8,443,822
    Total .................................bullet 3b 8,443,822
    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 ...........     		    14 833,046  
    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 28,430,763  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRECOVERY OF GRANTS PAID     		        275,000
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 35,086,538 275,000
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    35,361,538
    (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.)
    11 RECOVERY OF GRANTS PAID IN A PRIOR YEAR
    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:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREPARATION & FINANCIAL STATEMENT REVIEW 16,800 0   16,800

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

    TY 2021 DepreciationSchedule
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    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
    FURNITURE & EQUIPMENT 2001-01-15 36,754 36,754 200DB 7.000000000000 0 0    
    LEASEHOLD IMPROVEMENTS 2001-01-15 14,551 14,551 150DB 15.000000000000 0 0    
    BUILDING IMPROVEMENTS 2001-01-15 65,506 34,792 SL 39.000000000000 1,680 0    
    LEASEHOLD IMPROVEMENTS 2001-10-01 16,444 16,444 150DB 15.000000000000 0 0    
    FURNITURE & EQUIPMENT 2001-10-01 1,556 1,556 200DB 7.000000000000 0 0    
    FURNITURE & EQUIPMENT 2002-01-11 2,862 2,862 200DB 7.000000000000 0 0    
    FURNITURE & EQUIPMENT 2002-04-18 2,842 2,842 200DB 7.000000000000 0 0    
    COMPUTERS 2004-03-01 1,805 1,805 200DB 5.000000000000 0 0    
    LAPTOP COMPUTER 2004-07-06 2,408 2,408 200DB 5.000000000000 0 0    
    PRINTER 2004-09-15 299 299 200DB 5.000000000000 0 0    
    SERVER 2004-09-30 1,410 1,410 200DB 5.000000000000 0 0    
    OFFICE FURNITURE 2004-10-08 5,125 5,125 200DB 7.000000000000 0 0    
    OFFICE FURNITURE 2004-11-19 458 458 200DB 7.000000000000 0 0    
    FURNITURE & EQUIPMENT 2006-01-05 647 647 200DB 7.000000000000 0 0    
    FURNITURE & EQUIPMENT 2006-06-06 2,489 2,489 200DB 7.000000000000 0 0    
    LAPTOP COMPUTER 2006-11-20 2,200 2,200 200DB 5.000000000000 0 0    
    COMPUTER 2010-03-25 1,128 1,128 200DB 5.000000000000 0 0    
    COMPUTER 2010-09-29 715 715 200DB 5.000000000000 0 0    
    COMPUTER 2010-09-29 1,415 1,415 200DB 5.000000000000 0 0    
    SECURITY SYSTEM 2010-02-03 9,709 9,709 200DB 5.000000000000 0 0    
    COPIER 2010-02-03 2,750 2,750 200DB 5.000000000000 0 0    
    SOFTWARE 2008-03-13 2,975 2,975 200DB 3.000000000000 0 0    
    MICROEDGE SOFTWARE 2009-03-02 3,093 3,093 200DB 3.000000000000 0 0    
    LEASEHOLD IMPROVEMENTS 2018-08-01 3,100 869 150DB 15.000000000000 223 0    

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Name of Stock End of Year Book Value End of Year Fair Market Value
    4097944 SHS THE TIMKEN COMPANY 26,326,490 289,899,002

    TY 2021 InvestmentsOtherSchedule2
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ANTIQUES AT COST 6,700 6,700
    ARTWORK AT COST 28,502 28,502
    HALL OF FAME VILLAGE AT COST 1,000,000 1,000,000

    TY 2021 LandEtcSchedule2
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE & EQUIPMENT 36,754 36,754 0  
    LEASEHOLD IMPROVEMENTS 14,551 14,551 0  
    BUILDING IMPROVEMENTS 65,506 36,472 29,034  
    LEASEHOLD IMPROVEMENTS 16,444 16,444 0  
    FURNITURE & EQUIPMENT 1,556 1,556 0  
    FURNITURE & EQUIPMENT 2,862 2,862 0  
    FURNITURE & EQUIPMENT 2,842 2,842 0  
    COMPUTERS 1,805 1,805 0  
    LAPTOP COMPUTER 2,408 2,408 0  
    PRINTER 299 299 0  
    SERVER 1,410 1,410 0  
    OFFICE FURNITURE 5,125 5,125 0  
    OFFICE FURNITURE 458 458 0  
    FURNITURE & EQUIPMENT 647 647 0  
    FURNITURE & EQUIPMENT 2,489 2,489 0  
    LAPTOP COMPUTER 2,200 2,200 0  
    COMPUTER 1,128 1,128 0  
    COMPUTER 715 715 0  
    COMPUTER 1,415 1,415 0  
    SECURITY SYSTEM 9,709 9,709 0  
    COPIER 2,750 2,750 0  
    SOFTWARE 2,975 2,975 0  
    MICROEDGE SOFTWARE 3,093 3,093 0  
    LEASEHOLD IMPROVEMENTS 3,100 1,092 2,008  


    TY 2021 LegalFeesSchedule
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANT ADMINISTRATION MATTERS 66,508 0   66,508


    TY 2021 OtherAssetsSchedule
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 10 10 10
    ACCRUED INTEREST PAID 575 0 0
    INTEREST RECEIVABLE 103,813 218,403 218,403


    TY 2021 OtherDecreasesSchedule
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Description Amount
    FMV OF STOCK DONATIONS OVER BOOK VALUE 42,443,217


    TY 2021 OtherExpensesSchedule
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 62,109 0   62,109
    OFFICE EXPENSES 26,891 0   26,891
    POSTAGE AND SHIPPING 1,444 0   1,444
    SAFE DEPOSIT BOX 14 0   14
    STATE FILING FEE 200 0   200
    TELEPHONE 6,250 0   6,250
    BANK CHARGES 251 0   251
    TRAINING AND SEMINARS 2,250 0   2,250
    COMPUTER MAINTENANCE 10,522 0   10,522
    PAYROLL ADMINISTRATION COSTS 132 0   132


    TY 2021 OtherIncomeSchedule2
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RECOVERY OF GRANTS PAID 275,000   275,000


    TY 2021 OtherLiabilitiesSchedule
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 2,716 0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEE 160,213 160,213   0


    TY 2021 TaxesSchedule
    Name:
    TIMKEN FOUNDATION OF CANTON
    EIN:
    34-6520254
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 89,347 0   0
    FOREIGN WITHHOLDING TAX 39 0   0
    PAYROLL TAXES 26,843 5,309   0