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 11-01-2021 , and ending 10-31-2022
Name of foundation
ALFA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 11189
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MONTGOMERY, AL36111
A Employer identification number

72-1373145
B Telephone number (see instructions)

(334) 288-3900
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$26,150,027J 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 43,678 43,678  
4 Dividends and interest from securities... 968,886 968,886  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,060,383
b Gross sales price for all assets on line 6a 25,817,602
7 Capital gain net income (from Part IV, line 2)... 4,067,302
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 0 -293,349  
12 Total. Add lines 1 through 11........ 5,072,947 4,786,517 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 73,000 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,066 3,066 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 76,066 3,066 0 0
25 Contributions, gifts, grants paid....... 1,429,497 1,429,497
26 Total expenses and disbursements. Add lines 24 and 25 1,505,563 3,066 0 1,429,497
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,567,384
b Net investment income (if negative, enter -0-) 4,783,451
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 74,212 41,715 41,715
2 Savings and temporary cash investments......... 2,200,276 5,326,730 5,326,730
3 Accounts receivable bullet73
Less: allowance for doubtful accounts bullet   32,223 73 73
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)....... 23,908,464 Click to see attachment24,383,993 20,733,956
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 attachment17,505 Click to see attachment47,553 Click to see attachment47,553
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,232,680 29,800,064 26,150,027
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........... 26,232,680 29,800,064
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    
29 Total net assets or fund balances (see instructions)..... 26,232,680 29,800,064
30 Total liabilities and net assets/fund balances (see instructions). 26,232,680 29,800,064
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
26,232,680
2
Enter amount from Part I, line 27a .....................
2
3,567,384
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
29,800,064
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
29,800,064
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 ABBVIE ORD P 2020-09-03 2021-12-22
b ABBVIE ORD P 2020-09-03 2021-12-29
c ADOBE ORD P 2022-03-15 2022-08-25
d ALPHABET CL C ORD P 2014-04-02 2021-12-29
e ALPHABET CL A ORD P 2014-03-25 2021-12-29
AMAZON COM ORD P 2018-02-06 2022-06-27
ANTARES PHARMA ORD P 2019-03-15 2022-04-18
APPLE ORD P 2010-05-20 2021-12-29
APPLE ORD P 2010-05-20 2022-06-27
AYTU BIOPHARMA ORD P 2021-03-22 2022-06-27
BIOGEN ORD P 2021-12-20 2022-08-25
BLKRK LQ:FEDFUND INSTL P    
BLOOMIN BRANDS ORD P 2020-08-28 2022-08-24
CVS HEALTH ORD P 2020-10-20 2022-06-27
CELSIUS HOLDINGS ORD P 2022-01-11 2022-04-06
CELSIUS HOLDINGS ORD P 2022-05-09 2022-05-17
CHANGE HEALTHCARE ORD P 2020-03-06 2022-10-03
EHEALTH ORD P 2020-09-25 2022-06-27
EVOLENT HEALTH CL A ORD P 2020-05-14 2022-03-18
META PLATFORMS CL A ORD P 2014-04-23 2022-09-29
FIRST AMER:TRS OBG Z P    
GLOBAL BLOOD THERAPEUTICS ORD P 2020-11-06 2022-08-25
KALA PHARMACEUTICALS ORD P 2020-10-07 2022-06-27
KALA PHARMACEUTICALS ORD P 2021-04-12 2022-06-28
LOWE'S COMPANIES ORD P 2018-11-20 2021-12-29
LOWE'S COMPANIES ORD P 2020-03-23 2022-01-24
MICROSOFT ORD P 2020-03-20 2021-12-29
MICROSOFT ORD P 2020-03-19 2022-06-27
NVIDIA ORD P 2020-10-28 2022-08-23
PAYPAL HOLDINGS ORD P 2021-10-20 2022-06-27
BLACKSTONE P 2019-09-25 2022-07-25
PLYMOUTH INDUSTRIAL REIT ORD P 2022-08-23 2022-09-21
RACKSPACE TECHNOLOGY ORD P 2021-06-30 2022-06-27
VIATRIS ORD P 2020-08-24 2022-06-27
VYNE THERAPEUTICS ORD P 2021-02-23 2022-06-28
WEJO GROUP ORD P 2021-11-22 2022-06-27
SPOTIFY TECHNOLOGY ORD P 2021-08-25 2022-06-27
FLOWTHROUGH FROM PARTNERSHIPS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 465,570   358,364 107,206
b 485,047   368,103 116,944
c 290,519   292,222 -1,703
d 229,551   127,027 102,524
e 319,753   177,099 142,654
1,321,478   889,644 431,834
1,578,367   1,129,259 449,108
411,849   210,929 200,920
3,433,889   1,772,222 1,661,667
    196,915 -196,915
138,359   165,744 -27,385
93,000   93,000 0
447,653   346,427 101,226
1,246,398   921,660 324,738
277,238   238,171 39,067
249,774   208,582 41,192
1,189,304   744,072 445,232
    218,766 -218,766
1,255,175   757,543 497,632
1,036,220   674,199 362,021
7,229,499   7,229,499 0
1,523,546   1,047,703 475,843
    20,386 -20,386
    293,942 -293,942
164,922   100,560 64,362
482,939   292,878 190,061
186,572   118,537 68,035
1,097,208   766,478 330,730
395,734   306,111 89,623
    410,715 -410,715
    2 -2
97,064   96,954 110
    232,311 -232,311
164,051   318,419 -154,368
    310,112 -310,112
    140,633 -140,633
    175,112 -175,112
6,923     6,923
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       107,206
b       116,944
c       -1,703
d       102,524
e       142,654
      431,834
      449,108
      200,920
      1,661,667
      -196,915
      -27,385
      0
      101,226
      324,738
      39,067
      41,192
      445,232
      -218,766
      497,632
      362,021
      0
      475,843
      -20,386
      -293,942
      64,362
      190,061
      68,035
      330,730
      89,623
      -410,715
      -2
      110
      -232,311
      -154,368
      -310,112
      -140,633
      -175,112
      6,923
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 4,067,302
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 -900,567
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 66,490
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 66,490
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 54,008
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 74,008
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,518
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet7,518 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletAL
    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 ofbulletJEFFREY NICKLES Telephone no.bullet (334) 288-3900

    Located atbullet2108 EAST SOUTH BLVDMONTGOMERYAL ZIP+4bullet36116
    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)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JAMES L PARNELL PRESIDENT
    1.00     		0 0 0
    2108 EAST SOUTH BLVD
    MONTGOMERY,AL36116
    JOHN D HEMMINGS JR TREASURER
    1.00     		0 0 0
    2108 EAST SOUTH BLVD
    MONTGOMERY,AL36116
    ANGELA L BRADWELL SECRETARY
    1.00     		0 0 0
    2108 EAST SOUTH BLVD
    MONTGOMERY,AL36116
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    27,918,187
    b
    Average of monthly cash balances.......................
    1b
    3,498,434
    c
    Fair market value of all other assets (see instructions)................
    1c
    45,221
    d
    Total (add lines 1a, b, and c).........................
    1d
    31,461,842
    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
    31,461,842
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    471,928
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    30,989,914
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,549,496
    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
    1,549,496
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    66,490
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    125
    c
    Add lines 2a and 2b............................
    2c
    66,615
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,482,881
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,482,881
    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
    1,482,881
    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 1,482,881
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019...... 56,417
    e From 2020......  
    f Total of lines 3a through e ........ 56,417
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,429,497
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 1,429,497
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 53,384 53,384
    (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 3,033
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		3,033
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 3,033
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WENDY GOLSON
    2108 EAST SOUTH BLVD
    MONTGOMERY,AL36116
    (334) 288-3900
    WGOLSON@ALFAFARMERS.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    DURING THE FISCAL YEAR, THE ALFA FOUNDATION MAINTAINED A SCHOLARSHIP PROGRAM UNDER WHICH IT WILL ANNUALLY AWARD 100 SCHOLARSHIPS OF $1,000 EACH. TO APPLY, ONE MUST BE A MEMBER OF THE ALABAMA FARMER'S FEDERATION (AN AFFILIATE OF THE FOUNDATION'S SPONSORING ORGANIZATION, ALFA MUTUAL INSURANCE COMPANY) AND BE ENROLLED (OR ABOUT TO BE ENROLLED) AS A STUDENT IN AN ALABAMA POST-SECONDARY INSTITUTION. EMPLOYEES OF THE SPONSORING ORGANIZATION AND THEIR CHILDREN ARE ELIGIBLE, SUBJECT TO ALL IRS REGULATIONS. FORM 8940, REQUEST FOR MISCELLANEOUS DETERMINATION, WAS SUBMITTED TO THE IRS AND APPROVAL OF THE PROGRAM WAS OBTAINED IN JANUARY 2015.
    cAny submission deadlines:
    NO SPECIFIC REQUIREMENTS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NON-PROFIT 501(C) ORGANIZATIONS, NOT PRIVATE FOUNDATIONS
    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
    AGAPE OF CENTRAL ALABAMA
    PO BOX 230472
    MONTGOMERY,AL36123     		    PUBLIC CHARITY 5,000
    AGR EDUCATIONAL FOUNDATION
    PO BOX 11000
    MONTGOMERY,AL36191     		    PUBLIC CHARITY 25,000
    ALABAMA 4-H FOUNDATION INC
    227 DUNCAN DR
    AUBURN UNIVERSITY,AL36849     		    PUBLIC CHARITY 50,000
    ALABAMA AUTISM ASSISTANCE PROGRAM
    300 SHADOW WOOD PK STE 100
    BIRMINGHAM,AL35244     		    PUBLIC CHARITY 25,000
    ALABAMA BASEBALL COACHES ASSOCIATION
    PO BOX 3881
    MONTGOMERY,AL36109     		    PUBLIC CHARITY 1,200
    ALABAMA FARMERS AGRICULTURE FOUNDATION
    PO BOX 11000
    MONTGOMERY,AL36191     		    PUBLIC CHARITY 305,000
    ALABAMA KIDNEY FOUNDATION
    PO BOX 240294
    MONTGOMERY,AL36124     		    PUBLIC CHARITY 1,000
    ALABAMA MASTER GARDENERS ASSOCIATION
    332 DAVIS RD
    EQUALITY,AL36026     		    PUBLIC CHARITY 2,500
    ALABAMA PALS
    340 N HULL ST
    MONTGOMERY,AL36104     		    PUBLIC CHARITY 10,000
    ALABAMA QUARTER HORSE ASSOCIATION
    928 MOCKINGBIRD LN
    PIKE ROAD,AL36064     		    PUBLIC CHARITY 1,000
    ALABAMA SHAKESPEARE FESTIVAL INC
    ONE FESTIVAL DR
    MONTGOMERY,AL36117     		    PUBLIC CHARITY 77,500
    ALABAMA SHERIFFS YOUTH RANCHES
    2680 BELL ROAD
    MONTGOMERY,AL36117     		    PUBLIC CHARITY 1,000
    ALABAMA STOCK DOG ASSOCIATION
    2054 EVERETT RD
    RAINSVILLE,AL35986     		    PUBLIC CHARITY 2,000
    ALZHEIMER'S ASSOCIATION-AL CHAPTER
    2151 HIGHLAND AVE S STE 210
    BIRMINGHAM,AL35205     		    PUBLIC CHARITY 1,000
    AMERICAN CANCER SOCIETY
    3054 MCGEHEE RD
    MONTGOMERY,AL36111     		    PUBLIC CHARITY 5,000
    AMERICAN RED CROSS
    5015 WOODS CROSSING
    MONTGOMERY,AL36117     		    PUBLIC CHARITY 10,000
    ANNA BELL'S ATTIC MINISTRIES
    PO BOX 251
    BREWTON,AL36427     		    PUBLIC CHARITY 500
    AUBURN UNIVERSITY FOUNDATION
    710 S DONAHUE DR
    AUBURN,AL36849     		    PUBLIC CHARITY 10,000
    AUBURN UNIVERSITY FOUNDATION - COLLEGE OF AGRICULTURE
    317 S COLLEGE ST
    AUBURN,AL36849     		    PUBLIC CHARITY 35,797
    AUBURN UNIVERSITY FOUNDATION - RURAL MEDICAL UNIT
    317 S COLLEGE ST
    AUBURN,AL36849     		    PUBLIC CHARITY 25,000
    AUBURN UNIVERSITY SCHOOL OF FORESTRY AND WILDLIFE SCIENCE
    3301 FORESTRY AND WILDLIFE SCIENCES
    BUILDING
    AUBURN,AL36849     		    PUBLIC CHARITY 10,000
    BAPTIST HEALTH CARE FOUNDATION OF MONTGOMERY
    PO BOX 241647
    MONTGOMERY,AL36124     		    PUBLIC CHARITY 14,000
    BRUCE PEARL FAMILY FOUNDATION
    PO BOX 2489
    AUBURN,AL36831     		    PUBLIC CHARITY 15,000
    BUSINESS EDUCATION ALLIANCE
    PO BOX 38
    MONTGOMERY,AL36101     		    PUBLIC CHARITY 37,500
    CAEC LINEMEN SCHOLARSHIP FUND
    103 JESSE SAMUEL HUNT BLVD
    PRATTVILLE,AL36067     		    PUBLIC CHARITY 250
    CASA OF MONTGOMERY COUNTY
    PO BOX 241404
    MONTGOMERY,AL36124     		    PUBLIC CHARITY 1,000
    CHILDREN'S HARBOR
    1 OUR CHILDRENS HWY
    ALEXANDER CITY,AL35010     		    PUBLIC CHARITY 10,000
    COMMUNITY SOUP BOWL
    1711 23RD AVE
    TUSCALOOSA,AL35401     		    PUBLIC CHARITY 2,500
    COOPER FARM RODEO FOUNDATION INC
    2511 RUFFNER RD
    BIRMINGHAM,AL35210     		    PUBLIC CHARITY 2,500
    EAGLE FORUM OF ALABAMA EDUCATION FOUNDATION
    4200 STONE RIVER CIR
    BIRMINGHAM,AL35213     		    PUBLIC CHARITY 2,500
    EASTER SEALS
    2185 NORMANDIE RD
    MONTGOMERY,AL36116     		    PUBLIC CHARITY 5,000
    FAULKNER UNIVERSITY
    5345 ATLANTA HWY
    MONTGOMERY,AL36109     		    PUBLIC CHARITY 50,000
    FIRST CHOICE WOMEN'S MEDICAL CENTER (SAV-A-LIFE)
    PO BOX 241664
    MONTGOMERY,AL36124     		    PUBLIC CHARITY 1,000
    FRIENDS OF THE COURT INC
    5184 CALDWELL MILL RD STE 204-171
    BIRMINGHAM,AL35244     		    PUBLIC CHARITY 3,000
    FRIENDSHIP MISSION INC
    PO BOX 230115
    MONTGOMERY,AL36123     		    PUBLIC CHARITY 5,000
    GREATER ALABAMA COUNCIL OF BOY SCOUTS
    PO BOX 43307
    BIRMINGHAM,AL35243     		    PUBLIC CHARITY 8,500
    HOSPICE OF MONTGOMERY
    1111 HOLLOWAY PARK
    MONTGOMERY,AL36117     		    PUBLIC CHARITY 1,000
    HUDSON-ALPHA
    601 GENOME WAY
    HUNTSVILLE,AL35806     		    PUBLIC CHARITY 50,000
    ISABEL ANDERSON COMER MUSEUM AND ARTS CENTER ICC
    PO BOX 245
    SYLACAUGA,AL35150     		    PUBLIC CHARITY 1,000
    JACKSON HOSPITAL FOUNDATION
    1725 PINE ST
    MONTGOMERY,AL36106     		    PUBLIC CHARITY 5,000
    JDRF ALABAMA CHAPTER
    2112 11TH AVE S STE 250
    BIRMINGHAM,AL35205     		    PUBLIC CHARITY 1,000
    JEEP SULLIVANS OUTDOOR ADVENTURES INC
    1460 BOSWELL RD
    BONIFAY,FL32425     		    PUBLIC CHARITY 500
    JESSE OWENS RUNNERS CLUB INC
    13200 COURT ST
    MOULTON,AL35650     		    PUBLIC CHARITY 1,000
    JIMMY RANE FUNDATION
    PO BOX 40
    ABBEVILLE,AL36310     		    PUBLIC CHARITY 5,000
    JONES VALLEY TEACHING FARM
    701 25TH ST N
    BIRMINGHAM,AL35203     		    PUBLIC CHARITY 5,000
    JOY TO LIFE FOUNDATION
    2350 FAIRLANE DR STE 130
    MONTGOMERY,AL36116     		    PUBLIC CHARITY 5,000
    LIBERTY LEARNING FOUNDATION
    3414 GOVERNORS DR STE 215
    HUNTSVILLE,AL35805     		    PUBLIC CHARITY 35,000
    LIFE ON WHEELS
    PO BOX 240218
    MONTGOMERY,AL36124     		    PUBLIC CHARITY 5,000
    LUTZIE 43 FOUNDATION
    2840 LANDING WAY
    MARIETTA,GA30066     		    PUBLIC CHARITY 2,500
    MAGIC MOMENTS
    2112 11TH AVE S STE 219
    BIRMINGHAM,AL35205     		    PUBLIC CHARITY 2,500
    MAKE-A-WISH FOUNDATION OF ALABAMA INC
    400 VESTAVIA PKWY STE 402
    VESTAVIA HILLS,AL35216     		    PUBLIC CHARITY 5,000
    MONTGOMERY AREA COUNCIL ON AGING (MACOA)
    115 EAST JEFFERSON ST
    MONTGOMERY,AL36104     		    PUBLIC CHARITY 1,500
    MONTGOMERY AREA DOWN SYNDROME OUTREACH GROUP INC
    136 SPEARS CROSSING
    MILLBROOK,AL36054     		    PUBLIC CHARITY 2,500
    MONTGOMERY CANCER WELLNESS FOUNDATION
    4145 CARMICHAEL RD
    MONTGOMERY,AL36106     		    PUBLIC CHARITY 2,500
    MONTGOMERY LIONS CLUB
    PO BOX 94
    MONTGOMERY,AL36101     		    PUBLIC CHARITY 1,000
    MONTGOMERY ZOOLOGICAL SOCIETY
    2301 COLUISEUM PKWY
    MONTGOMERY,AL36110     		    PUBLIC CHARITY 5,000
    MUSEUM OF THE BIBLE INC
    400 4TH ST SW
    WASHINGTON,DC20024     		    PUBLIC CHARITY 15,000
    REACH & TEACH INC
    204 MYRTLE DR
    FLORENCE,AL35634     		    PUBLIC CHARITY 750
    RED MOUNTAIN GRACE
    2120 16TH AVE S STE 201
    BIRMINGHAM,AL35205     		    PUBLIC CHARITY 2,500
    RIVER REGION UNITED WAY
    3121 ZELDA CT
    MONTGOMERY,AL36106     		    PUBLIC CHARITY 160,000
    SAMARITAN COUNSELING CENTER INC
    2911 ZELDA RD
    MONTGOMERY,AL36106     		    PUBLIC CHARITY 2,500
    SAMFORD UNIVERSITY
    800 LAKESHORE DR
    BIRMINGHAM,AL35209     		    PUBLIC CHARITY 25,000
    SCHOLARSHIP AMERICA
    PO BOX 772514
    DETROIT,MI48277     		    PUBLIC CHARITY 122,500
    SERVICE DOGS ALABAMA
    8365 MOBILE HWY
    HOPE HULL,AL36043     		    PUBLIC CHARITY 1,000
    TASTE OF THE SOUTH
    PO BOX 2826
    WASHINGTON,DC20013     		    PUBLIC CHARITY 500
    TEACH FOR AMERICA--ALABAMA
    5529 1ST AVE S STE 3
    BIRMINGHAM,AL35212     		    PUBLIC CHARITY 20,000
    THE GOODE FOUNDATION
    1428 EGRET LN
    BIRMINGHAM,AL35214     		    PUBLIC CHARITY 5,000
    THE WORLD GAMES 2022
    950 22ND ST N STE 600
    BIRMINGHAM,AL35203     		    PUBLIC CHARITY 166,000
    TUSKEGEE UNIVERSITY
    110 HENDERSON HALL
    TUSKEEGEE UNIVERSITY,AL36088     		    PUBLIC CHARITY 2,500
    UNIVERSITY OF ALABAMA BIRMINGHAM
    NB 204 1720 2ND AVE S
    BIRMINGHAM,AL35294     		    PUBLIC CHARITY 3,000
    WIREGRASS ELECTRIC COOPERATIVE CHARITABLE FOUNDATION INC
    509 N ST HWY 167
    HARTFORD,AL36344     		    PUBLIC CHARITY 1,000
    YMCA OF MONTGOMERY
    PO BOX 2336
    MONTGOMERY,AL36102     		    PUBLIC CHARITY 4,000
    ZEROZERO FOUNDATION
    101 12TH ST S STE 100
    BIRMINGHAM,AL35233     		    PUBLIC CHARITY 5,000
    HELPING A HERO
    PO BOX 19310
    HOUSTON,TX77224     		    PUBLIC CHARITY -5,000
    Total .................................bullet 3a 1,429,497
    bApproved for future payment
    Total .................................bullet 3b 0
    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 43,678  
    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 4,060,379 0
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 5,072,943 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,072,943
    (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
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    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.
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    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 InvestmentsCorpStockSchedule
    Name:
    ALFA FOUNDATION
    EIN:
    72-1373145
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS - CORPORATE STOCK 24,383,993 20,733,956

    TY 2021 OtherAssetsSchedule
    Name:
    ALFA FOUNDATION
    EIN:
    72-1373145
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INVESTMENT INCOME 17,505 47,553 47,553


    TY 2021 OtherExpensesSchedule
    Name:
    ALFA FOUNDATION
    EIN:
    72-1373145
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 3,066 3,066 0 0


    TY 2021 OtherIncomeSchedule2
    Name:
    ALFA FOUNDATION
    EIN:
    72-1373145
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS 0 10,444 0
    PARTNERSHIP DIVIDENDS AND INTEREST FROM SECURITIES 0 -308,231 0
    PARTNERSHIP OTHER NET INVESTMENT INCOME 0 4,438 0


    TY 2021 TaxesSchedule
    Name:
    ALFA FOUNDATION
    EIN:
    72-1373145
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INCOME TAX EXPENSES 73,000 0 0 0