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 12-01-2021 , and ending 11-30-2022
Name of foundation
THE BILL GATTON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1147
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BRISTOL, TN37621
A Employer identification number

62-1266284
B Telephone number (see instructions)

(423) 764-5121
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$203,179,485J 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 3,619 3,619  
4 Dividends and interest from securities... 4,938,265 4,938,265  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,248,055
b Gross sales price for all assets on line 6a 37,668,110
7 Capital gain net income (from Part IV, line 2)... 12,734,027
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 5,253,300 5,651,390  
12 Total. Add lines 1 through 11........ 23,443,239 23,327,301  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 150,000 75,000   75,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 22,550 11,275   11,275
c Other professional fees (attach schedule).... Click to see attachment 129,072 129,072   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 786,817 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 49,363 219   871
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,137,802 215,566   87,146
25 Contributions, gifts, grants paid....... 10,033,200 10,033,200
26 Total expenses and disbursements. Add lines 24 and 25 11,171,002 215,566   10,120,346
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,272,237
b Net investment income (if negative, enter -0-) 23,111,735
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,151,402 972,197 972,197
2 Savings and temporary cash investments......... 7,559 742,309 742,309
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) bullet12,300,000
Less: allowance for doubtful accounts bullet0 12,300,000 Click to see attachment12,300,000 12,300,000
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)....... 76,060,184 Click to see attachment158,010,002 176,205,039
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).......... 5,110,667 Click to see attachment2,783,931 7,759,940
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment-2,613,424 Click to see attachment5,200,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 95,629,812 172,195,015 203,179,485
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 95,629,812 172,195,015
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 95,629,812 172,195,015
30 Total liabilities and net assets/fund balances (see instructions). 95,629,812 172,195,015
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
95,629,812
2
Enter amount from Part I, line 27a .....................
2
12,272,237
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
66,777,366
4
Add lines 1, 2, and 3 ..........................
4
174,679,415
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,484,400
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
172,195,015
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 PEAK CAPITAL PARTNERS LLC P    
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 37,145,421   24,420,055 12,725,366
b 8,661     8,661
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       12,725,366
b       8,661
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 12,734,027
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........................... 3 321,253
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- ..... 5 321,253
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 153,766
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 200,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 353,766
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 8,674
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 23,839
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet23,839 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)
    bulletTN
    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
    Yes
     
    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 ofbulletDANNY L DUNN Telephone no.bullet (423) 764-5121

    Located atbullet1000 W STATE STREETBRISTOLTN ZIP+4bullet37620
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    FRANK WINSTON TRUSTEE
    3.00     		75,000 0 0
    PO BOX 1147
    BRISTOL,TN37621
    DANNY L DUNN TRUSTEE
    15.00     		75,000 0 0
    PO BOX 1147
    BRISTOL,TN37621
    C M GATTON TRUSTEE
    10.00     		0 0 0
    PO BOX 1147
    BRISTOL,TN37621
    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
    TRUIST BANK INVESTMENT MANAGEMENT 129,072
    PO BOX 919798
    ORLANDO,FL328919798
    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 NONE 0
    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 NONE 0
    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
    181,512,286
    b
    Average of monthly cash balances.......................
    1b
    1,653,566
    c
    Fair market value of all other assets (see instructions)................
    1c
    25,259,940
    d
    Total (add lines 1a, b, and c).........................
    1d
    208,425,792
    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
    208,425,792
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    3,126,387
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    205,299,405
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    10,264,970
    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
    10,264,970
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    321,253
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    13,481
    c
    Add lines 2a and 2b............................
    2c
    334,734
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,930,236
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    9,930,236
    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
    9,930,236
    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 9,930,236
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 9,878,221
    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$ 10,120,346
    a Applied to 2020, but not more than line 2a 9,878,221
    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..... 242,125
    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 ..........     		9,688,111
    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).)
    C M GATTON
    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:
    BILLGATTONFOUNDATIONJPMORGANCOM
    C/O JPMORGAN CHASE BANK NA 390
    MADISON AVENUE 14TH FL
    NEW YORK,NY10017
    (212) 464-2334
    bThe form in which applications should be submitted and information and materials they should include:
    NO OFFICIAL APPLICATION; OUTLINE AS TO NEEDS AND WHAT PURPOSE FUNDS WILL BE USED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE ONLY RESTRICTION IS THAT THE CONTRIBUTION MUST BE MADE TO AN ORGANIZATION, WITHIN THE UNITED STATES OR ANY OF ITS POSSESSIONS, FOR PURPOSES DESCRIBED IN SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE, INCLUDING RELIGIOUS, CHARITABLE, EDUCATIONAL, SCIENTIFIC, TESTING FOR PUBLIC SAFETY, LITERACY OR PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS.
    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
    UNIVERSITY OF KENTUCKY
    DEVELOPMENT BLD
    LEXINGTON,KY40506     		N/A PC TO SUPPORT SCHOLARSHIPS 5,400,000
    EMORY & HENRY COLLEGE
    30461 GARNAND DR
    EMORY,VA24327     		N/A PC IN SUPPORT OF THE EQUESTRIAN PROGRAM 2,000,000
    BETHLEHEM BAPTIST CHURCH
    525 TEMPERANCE RD
    GREENSBURG,KY42743     		N/A PC TO SUPPORT A NEW BUILDING AND REPLACEMENT STATUE 1,259,200
    UNITED WAY OF BRISTOL ENDOWMENT
    315 EIGTH STREET
    BRISTOL,TN37625     		N/A PC GENERAL SUPPORT 1,000,000
    LETCHER COUNTY PUBLIC SCHOOLS
    224 PARKS STREET
    WHITESBURG,KY41858     		N/A PC TO SUPPORT REPLACEMENT BUILDING AND LIBRARY EQUIPMENT 300,000
    BRISTOL TN CITY SCHOOLS FOUNDATION
    615 MARTIN LUTHER KING JR BLVD
    BRISTOL,TN37620     		N/A PC TO SUPPORT TEACHER GRANTS WITHIN SCHOOL SYSTEM 50,000
    UNITED WAY
    315 EIGTH STREET
    BRISTOL,TN37625     		N/A PC SALVATION ARMY, CHILDREN'S ADV CTR, BOYS & GIRLS CLUB, HAVEN OF REST 14,000
    APPALACHIAN LITERACY INITIATIVE
    PO BOX 3283
    BRISTOL,TN37625     		N/A PC GENERAL SUPPORT 6,000
    ASBURY UNIVERSITY
    1 MACKLEM DR
    WILMORE,KY40390     		N/A PC GENERAL SUPPORT 2,000
    FIRST CHRISTIAN CHURCH
    1930 WINCHESTER AVE
    ASHLAND,KY41101     		N/A PC GENERAL SUPPORT 1,000
    BARNSTABLE BROWN DIABETIC CENTER
    2195 HARRODSBURG RD STE 125
    LEXINGTON,KY40504     		N/A PC GENERAL SUPPORT 1,000
    Total .................................bullet 3a 10,033,200
    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 3,619  
    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 ............     		901101 514,028 18 12,734,027  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aTAXABLE IRA DISTRIBUTIONS     		    01 6,008,578  
    bLITIGATION PROCEEDS     01 3,563  
    cPARTNERSHIP INCOME 901101 -398,090 01 -360,751  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 115,938 23,327,301 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    23,443,239
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE BILL GATTON FOUNDATION
    EIN:
    62-1266284
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 22,550 11,275   11,275

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE BILL GATTON FOUNDATION
    EIN:
    62-1266284
    Name of Stock End of Year Book Value End of Year Fair Market Value
    JP MORGAN CHASE 2,293,740 2,487,240
    LOWES COMPANIES, INC. 3,993,500 4,251,000
    WESBANCO, INC. 122,544 146,914
    GENERAL ELECTRIC 113,381 107,463
    MERCK 86,565 110,120
    OLLIES BARGAIN OUTLET 107,930 121,800
    WABTEC CORP. 4,730 5,358
    BOOZ ALLEN HAMILTON 87,340 106,400
    ORGANON AND CO. 3,403 2,602
    FIRST HORIZON NATIONAL CORP 1,522,271 1,457,477
    OLD NATIONAL BANCORP 1,499,351 1,882,746
    REGIONS FINANCIAL CORPORATION 4,805,555 5,300,862
    US BANCORP 17,780,884 15,210,598
    BANK OF AMERICA CORPORATION 7,355,473 7,275,224
    WELLS FARGO AND CO 3,560,475 2,972,468
    TRUIST 46,368,458 41,410,045
    CITIGROUP 130,063 121,025
    INTEL CORPORATION 462,200 300,700
    COUSINS PPTYS INC. 205,771 140,737
    TRUIST BK TRUST DEP ACCOUNT-WEALTH 131,846 131,846
    CALLON PETROLEUM COMPANY 911,721 887,656
    AVERY DENNISON CORP 806,420 1,503,141
    GENERAC HOLDINGS INC 964,378 444,556
    AMAZON.COM INC 900,777 849,552
    JM SMUCKER CO 564,105 789,301
    AMGEN INC 1,056,139 1,439,160
    LABORATORY CORP AMERICA HOLDINGS 620,039 1,041,028
    ZOETIS INC 1,026,993 1,310,190
    ACCENTURE PLC 915,232 1,083,348
    APPLE INC 709,715 1,624,629
    JACOBS SOLUTIONS INC 445,044 746,966
    MICROSOFT CORP 798,155 1,313,971
    VISA INC 836,896 1,074,150
    ALPHABET INC 931,835 1,555,246
    TRUIST BK TRUST DEP ACCOUNT-WEALTH 115,694 115,694
    CHEVRON CORP 605,300 1,120,574
    CONOCOPHILLIPS 151,139 239,239
    DIAMONDBACK ENERGY INC 101,547 139,879
    EOG RESOURCES INC 180,151 272,931
    EXXON MOBIL CORP 1,028,331 1,497,523
    HESS CORPORATION 82,333 152,113
    KINDER MORGAN INC 107,193 127,473
    MARATHON PETROLEUM CORPORATION 66,019 158,353
    OCCIDENTAL PETE CORP 127,587 212,778
    OCCIDENTAL PETROLEUM CORP 851 8,170
    ONEOK INC 89,953 101,116
    PHILLIPS 66 20,837 31,339
    PIONEER NATURAL RESOURCES CO 1,062,510 986,910
    SCHLUMBERGER LTD 26,029 18,197
    VALERO ENERGY CORP 89,457 170,232
    WILLIAMS COS INC 111,575 146,608
    AIR PRODUCTS & CHEMICALS INC 115,883 156,321
    AVERY DENNISON CORP 356,554 927,211
    DOW INC 93,883 87,363
    EASTMAN CHEMICAL CO 121,238 87,140
    ECOLAB INC 161,884 143,837
    FREEPORT-MCMORAN INC 128,799 153,509
    INTERNATIONAL FLAVORS & FRAGRANCES 92,150 69,100
    MARTIN MARIETTA MATLS INC 107,265 89,055
    NEWMONT CORP 79,708 67,597
    SONOCO PRODUCTS CO 144,456 148,638
    SUMMIT MATERIALS INC 83,421 65,093
    VULCAN MATERIALS CO 94,787 83,965
    AAR CORP 83,362 108,531
    ABM INDUSTRIES INC 97,159 110,543
    ATLAS COPCO AB 23,340 27,034
    BOEING CO 164,895 152,048
    CARRIER GLOBAL CORP 22,083 45,916
    CATERPILLAR INC 174,446 229,554
    CHINA HIGH PRECISION AUTOMATION GRP 19,456 3,706
    COPART INC 104,985 94,249
    COSTAR GROUP INC 111,328 111,835
    CSX CORP 120,695 107,419
    DEERE & CO 132,346 234,612
    EATON CORP PLC 194,027 281,951
    EMERSON ELEC CO 584,537 1,039,775
    EQUIFAX INC 109,134 73,619
    ESAB CORP 44,177 36,404
    FEDEX CORPORATION 576,670 536,638
    FORTIVE CORP 24,176 27,560
    FORWARD AIR CORP 117,500 123,158
    FRANKLIN ELECTRIC CO INC 189,650 171,848
    GATX CORP 104,390 113,765
    GENERAC HOLDINGS INC 12,625 4,010
    GENERAL ELECTRIC CO 135,388 124,313
    HNI CORP 100,922 69,658
    HONEYWELL INTERNATIONAL INC 521,768 802,236
    JOHNSON CONTROLS INTERNATIONAL PLC 384,404 433,720
    LOCKHEED MARTIN CORP 453,157 906,820
    L3 HARRIS TECHNOLOGIES INC 85,022 90,378
    MASCO CORP 127,308 94,146
    MOOG INC 118,398 132,982
    MUELLER WATER PRODUCTS INC CL A 140,986 116,204
    NORFOLK SOUTHERN CORP 122,311 107,730
    QUANTA SERVICES INC 94,547 125,150
    RAYTHEON TECHNOLOGIES CORP 191,121 258,252
    RBC BEARINGS INC 79,827 99,290
    STANDEX INTL CORP 137,653 139,086
    STEELCASE INC 121,517 82,250
    TEXTRON INC 93,188 87,797
    TRANSUNION 33,433 23,718
    UBER TECHNOLOGIES INC 126,656 91,092
    UNION PAC CORP 72,072 73,491
    UNITED PARCEL SERVICE CL B 181,261 188,781
    VERISK ANALYTICS INC 110,613 88,732
    WASTE MANAGEMENT INC 109,771 111,534
    WOODWARD, INC 99,590 88,328
    3M CO 100,857 84,274
    ALIBABA GROUP HOLDING LTD SPONSORED 11,027 7,968
    AMAZON.COM INC 1,048,724 949,954
    APTIV PLC 130,352 114,137
    BLOCK H & R INC 91,435 164,175
    BOOKING HOLDINGS INC 109,489 143,482
    CARNIVAL CORP 114,713 63,939
    CHIPOTLE MEXICAN GRILL INC 89,477 113,887
    D R HORTON INC 115,185 94,256
    DARDEN RESTAURANTS INC 87,268 90,546
    DOLLAR TREE INC 59,425 73,943
    EBAY INC 74,397 59,844
    EXPEDIA GROUP INC 88,551 60,151
    FORD MOTOR CO DEL 127,756 85,513
    GENERAL MOTORS CO 118,042 80,471
    GENUINE PARTS CO 715,941 1,386,708
    HASBRO INC 421,191 302,855
    HOME DEPOT INC 445,347 358,657
    LEGGETT & PLATT INC 623,430 470,729
    LKQ CORP 101,607 95,947
    LOWES COS INC 185,430 178,542
    LULULEMON ATHLETICA INC 101,519 104,585
    LVMH MOET HENNESSY LOUIS UNSPONSORED 20,316 45,135
    MCDONALDS CORP 193,788 257,241
    MONRO INC 86,404 68,796
    NIKE INC-CLASS B 101,386 158,502
    O'REILLY AUTOMOTIVE INC 107,281 134,004
    ROSS STORES INC 112,417 119,670
    ROYAL CARIBBEAN CRUISES LTD 135,370 115,965
    STARBUCKS CORP 168,652 151,154
    TAPESTRY INC 23,275 15,675
    TARGET CORP 51,185 147,189
    TESLA INC 816,590 506,415
    TEXAS ROADHOUSE INC CL A 110,317 130,506
    TJX COS INC 158,764 238,469
    TRACTOR SUPPLY CO 94,290 90,298
    ULTA BEAUTY INC 72,451 88,320
    V.F. CORP 44,422 65,640
    ALTRIA GROUP INC 73,030 72,711
    B&G FOODS INC 77,645 33,665
    BELLRING BRANDS INC 39,313 36,817
    COCA COLA CO 150,444 163,287
    CONAGRA BRANDS INC 86,597 97,039
    CONSTELLATION BRANDS INC 102,445 108,859
    COSTCO WHOLESALE CORP 133,247 214,082
    FLOWERS FOODS INC 121,964 134,684
    INGREDION INC 107,652 108,453
    J & J SNACK FOODS CORP 141,380 150,734
    JM SMUCKER CO 94,883 106,267
    KRAFT HEINZ CO 50,434 39,350
    LAUDER ESTEE COS INC 74,964 73,566
    MOLSON COORS BEVERAGE CO CL B 98,754 119,203
    PEPSICO INC 21,121 46,378
    PHILIP MORRIS INTL INC 78,685 92,793
    POST HOLDINGS INC 82,510 109,149
    PROCTER & GAMBLE CO 333,641 385,131
    UNIVERSAL CORP VA 114,735 123,039
    WALGREENS BOOTS ALLIANCE INC 71,364 59,636
    WALMART INC 581,472 1,035,846
    ABBOTT LABS 248,106 219,678
    ABBVIE INC 976,001 2,005,079
    AGILENT TECHNOLOGIES INC 125,979 128,013
    ALNYLAM PHARMACEUTICALS INC 78,796 92,207
    AMGEN INC 38,737 194,752
    AVANTOR INC 85,401 47,679
    BECTON DICKINSON & CO 124,521 166,060
    BIO-TECHNE CORP 95,204 81,930
    BLUEPRINT MEDICINES CORP 78,539 36,416
    BOSTON SCIENTIFIC CORP 162,716 194,752
    BRISTOL MYERS SQUIBB CO 164,390 269,179
    CENTENE CORP 110,590 114,297
    CIGNA CORP 101,540 159,841
    CVS HEALTH CORP 592,175 785,087
    DANAHER CORP 205,186 175,256
    DEXCOM 124,462 113,489
    ELEVANCE HEALTH INC 116,616 150,816
    EMBECTA CORP 2,848 4,378
    ENCOMPASS HEALTH CORP 67,253 77,369
    ENHABIT INC 16,562 9,459
    ENOVIS CORP 58,501 41,572
    GILEAD SCIENCES INC 263,677 294,670
    HCA HEALTHCARE INC 112,772 105,937
    HUMANA INC 115,686 139,125
    INSULET CORP 76,665 97,595
    INTUITIVE SURGICAL INC 176,716 141,414
    JOHNSON & JOHNSON 231,585 356,178
    LILLY ELI & CO 430,249 1,560,020
    MCKESSON CORP 107,995 174,809
    MEDTRONIC PLC 163,361 129,072
    MERCK & CO INC 819,920 1,417,355
    MODERNA INC 110,172 68,429
    MOLINA HEALTHCARE INC 86,948 93,959
    NATIONAL HEALTHCARE CORP 84,860 77,050
    NOVARTIS AG SPONSORED 11,731 21,136
    ORGANON & CO 31,311 26,072
    PFIZER INC 933,080 1,174,696
    REPLIGEN CORPORATION 16,434 18,957
    RESMED INC 113,141 101,979
    ROCHE HOLDING LTD SPONSORED 6,774 11,376
    SEAGEN INC 62,061 61,909
    STRYKER CORPORATION 140,397 130,978
    TELADOC HEALTH INC 192,973 70,847
    THERMO FISHER SCIENTIFIC INC 267,695 227,449
    UNITEDHEALTH GROUP INC 551,501 1,386,928
    VERTEX PHARMACEUTICALS INC 100,768 148,708
    VIATRIS INC 81,048 68,066
    WEST PHARMACEUTICAL SVCS INC 94,642 49,279
    ZOETIS INC 47,287 99,112
    10X GENOMICS INC CL A 82,856 23,931
    ACADIA REALTY TRUST 109,442 80,945
    ALLSTATE CORP 89,313 219,864
    ALLY FINANCIAL INC 66,416 37,193
    AMERICAN EXPRESS CO 122,759 127,018
    AMERICAN INTL GROUP INC 108,899 123,632
    AMERICAN TOWER CORP 131,431 104,430
    AON PLC 104,664 119,304
    APARTMENT INCOME REIT CORP 117,517 83,786
    APPLE HOSPITALITY REIT INC 108,869 120,546
    ASSURANT INC 119,631 98,986
    AXIS CAPITAL HOLDINGS LTD 106,351 116,559
    BANK OF AMERICA CORP 206,153 172,558
    BANK OF NEW YORK MELLON CORP 100,494 78,902
    BERKSHIRE HATHAWAY INC-CL B 431,096 513,583
    BLACKROCK INC 227,161 339,384
    BLACKSTONE INC 27,331 41,189
    BRANDYWINE REALTY TRUST 120,127 60,504
    CAMDEN NATIONAL CORP 30,885 28,676
    CAPITAL ONE FINANCIAL CORP 86,385 59,879
    CHARLES SCHWAB CORP 132,522 128,597
    CITIGROUP INC 49,679 46,135
    CNA FINANCIAL CORP 129,162 123,312
    CNO FINANCIAL GROUP, INC 119,649 115,122
    EASTERLY GOVERNMENT PROPERTIES 129,284 91,080
    EMPLOYERS HOLDINGS INC 114,011 128,257
    EQUINIX INC 113,373 94,619
    GOLDMAN SACHS GROUP INC 117,991 114,687
    HERITAGE COMMERCE CORP 135,502 162,491
    HOPE BANCORP INC 172,424 161,955
    HORACE MANN EDUCATORS CORP 109,842 110,908
    INDEPENDENCE REALTY TRUST INC 120,463 90,691
    INTERCONTINENTAL EXCHANGE INC 20,046 23,178
    INVESCO LTD 82,136 67,821
    JBG SMITH PROPERTIES 162,795 119,971
    JEFFERIES FINANCIAL GROUP INC 73,745 72,143
    JP MORGAN CHASE & CO 735,980 1,476,177
    LAKELAND BANCORP INC 132,676 132,404
    LINCOLN NATL CORP 97,524 55,918
    METLIFE INC 75,325 93,037
    MORGAN STANLEY 147,986 157,381
    MORNINGSTAR INC 82,394 60,547
    MSCI INC 31,835 103,597
    NEXPOINT RESIDENTIAL TRUST INC 114,492 70,981
    NORTHERN TR CORP 94,378 73,371
    NORTHWEST BANCSHARES INC 130,019 142,870
    PEOPLES BANC INC 160,541 153,630
    PIEDMONT OFFICE REALTY TRUST INC 146,228 83,780
    PNC FINL SVCS GROUP INC 723,224 1,183,204
    PROLOGIS INC 125,376 90,698
    RAYMOND JAMES FINANCIAL INC 108,102 126,603
    RPT REALTY 111,145 96,925
    S & T BANCORP INC 157,178 190,019
    S&P GLOBAL INC 160,181 125,950
    SBA COMMUNICATIONS CORP CL A 108,812 87,396
    SPIRIT REALTY CAPITAL INC 127,663 111,088
    STATE STREET CORP 87,973 77,758
    TOMPKINS FINANCIAL CORPORATION 89,911 90,474
    TRAVELERS COMPANIES INC 413,122 681,038
    TRUIST FINANCIAL CORP 70,911 140,430
    UNITED BANKSHARES INC W VA 132,481 160,108
    WELLS FARGO & CO 216,597 222,152
    WEYERHAEUSER CO 11,460 19,528
    WSFS FINL CORP 138,182 138,181
    ACCENTURE PLC CL A 458,374 559,128
    ADOBE INC 92,840 153,149
    ADVANCED MICRO DEVICES INC 272,609 159,297
    ANALOG DEVICES INC 97,342 95,238
    APPLE INC 760,632 7,578,544
    APPLIED MATERIALS INC 144,655 105,545
    ASML HOLDING NV SPONSORED 15,917 32,230
    ATLASSIAN CORPORATION CL A 115,146 44,332
    AUTOMATIC DATA PROCESSING INC 15,824 102,750
    BLOCK INC CL A 94,287 49,608
    BROADCOM INC 235,671 243,555
    CISCO SYSTEMS INC 677,398 1,150,620
    CLOUDFLARE INC CL A 78,919 28,845
    CROWDSTRIKE HOLDINGS INC CL A 91,228 52,707
    DATADOG INC CL A 84,449 38,193
    DOCUSIGN INC 114,308 25,371
    EPAM SYSTEMS INC 40,994 43,492
    FIDELITY NATL INFORMATION SVCS INC 121,712 84,846
    FISERV INC 95,622 100,707
    FORTINET INC 82,242 65,387
    GLOBAL PAYMENTS INC 105,198 85,307
    HUBSPOT INC 53,512 36,970
    INTEL CORP 630,144 656,308
    INTUIT INC 85,601 108,011
    KEYSIGHT TECHNOLOGIES INC 92,993 83,571
    KLA CORP 74,985 72,340
    LAM RESEARCH CORP 91,062 70,385
    MARVELL TECHNOLOGY INC 107,441 62,849
    MASTERCARD INC CL A 272,368 351,767
    MICROCHIP TECHNOLOGY INC 86,408 79,348
    MICRON TECHNOLOGY INC 113,338 77,828
    MICROSOFT CORP 706,069 4,530,776
    MONGODB INC CL A 70,667 25,652
    NATIONAL INSTRS CORP 109,356 104,191
    NVIDIA CORP 86,983 435,767
    NXP SEMICONDUCTORS NV 19,840 21,277
    OKTA INC CL A 84,366 20,848
    ORACLE CORPORATION 764,911 1,180,604
    PALANTIR TECHNOLOGIES INC CL A 67,910 27,413
    PALO ALTO NETWORKS INC 86,363 96,333
    PAYPAL HOLDINGS INC 124,123 125,221
    QUALCOMM INC 201,127 138,760
    SALESFORCE INC 57,708 154,000
    SERVICENOW INC 37,282 115,731
    SHOPIFY INC CL A 12,992 5,723
    SNOWFLAKE INC CL A 104,872 44,013
    TAIWAN SEMICONDUCTOR MANU CO LTD 18,606 23,483
    TE CONNECTIVITY LIMITED 11,932 46,791
    TWILIO INC CL A 103,905 19,167
    VISA INC CL A 953,682 1,841,679
    WORKDAY INC-CLASS A 106,338 64,977
    ZSCALER INC 48,545 38,167
    ALPHABET INC CL C 801,174 582,323
    ALPHABET INC CL A 892,028 686,732
    AT&T INC 829,180 628,412
    CHARTER COMMUNICATIONS INC CL A 107,788 67,302
    COMCAST CORP-CL A 219,129 174,919
    DISNEY WALT CO NEW 335,968 228,624
    META PLATFORMS INC CL A 344,887 312,256
    NETFLIX INC 288,879 147,265
    SEA LTD SPONSORED 16,677 4,611
    SPOTIFY TECHNOLOGY SA 80,882 28,115
    VERIZON COMMUNICATIONS INC 840,228 665,038
    WARNER BROS DISCOVERY INC CL A 46,612 22,720
    ALLETE INC 116,595 118,630
    DUKE ENERGY CORP 473,566 607,075
    MGE ENERGY INC 134,172 120,617
    NEW JERSEY RESOURCES CORP 94,037 116,017
    NEXTERA ENERGY INC 179,606 198,113
    NORTHWEST NATURAL HOLDING CO 116,471 120,314
    NORTHWESTERN CORP 117,271 120,733
    PORTLAND GENERAL ELECTRIC CO 131,951 123,173
    SOUTH JERSEY INDS INC 91,789 125,961
    UTILITIES SELECT SECTOR SPDR 336,936 398,222

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE BILL GATTON FOUNDATION
    EIN:
    62-1266284
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PEAK CAPITAL PARTNERS, LLC AT COST 394,009 3,219,840
    MURFREESBORO INVESTMENT PROPERTY AT COST 1,939,489 4,366,000
    PC TGA CHARLESTON CLUB HOLDINGS AT COST 95,262 21,300
    PC TGA RICHMOND HOLDINGS AT COST 355,171 152,800

    TY 2021 OtherAssetsSchedule
    Name:
    THE BILL GATTON FOUNDATION
    EIN:
    62-1266284
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PC NC INVESTOR HOLDINGS   -2,613,424 5,200,000


    TY 2021 OtherDecreasesSchedule
    Name:
    THE BILL GATTON FOUNDATION
    EIN:
    62-1266284
    Description Amount
    COST TO FMV ADJUSTMENT ON IRA DISTRIBUTION 2,484,400


    TY 2021 OtherExpensesSchedule
    Name:
    THE BILL GATTON FOUNDATION
    EIN:
    62-1266284
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISC. IRS EXPENSES 48,273 0   0
    LIABILITY INSURANCE 821 0   821
    BANK SERVICE CHARGES 219 219   0
    REGISTRATION FEE 50 0   50


    TY 2021 OtherIncomeSchedule2
    Name:
    THE BILL GATTON FOUNDATION
    EIN:
    62-1266284
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    TAXABLE IRA DISTRIBUTIONS 6,008,578 6,008,578 6,008,578
    LITIGATION PROCEEDS 3,563 3,563 3,563
    PARTNERSHIP INCOME -758,841 -360,751 -758,841


    TY 2021 OtherIncreasesSchedule
    Name:
    THE BILL GATTON FOUNDATION
    EIN:
    62-1266284
    Description Amount
    ADJUSTMENT FOR STEP-UP IN BASIS OF PROPERTY HELD 66,777,366


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

    TY 2021 OtherNotesLoansRcvblLongSch
    Name:
    THE BILL GATTON FOUNDATION
    EIN:
    62-1266284

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    HINES CLARI PARK LAND HOLDINGS N/A 12,300,000 12,300,000 2021-08 2025-05 THREE PRINCIPAL INSTALLMENTS 210.0000000000 % DEED OF TRUST SELLER FINANCED PROP SALE NOTE 12,300,000

    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE BILL GATTON FOUNDATION
    EIN:
    62-1266284
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 129,072 129,072   0


    TY 2021 TaxesSchedule
    Name:
    THE BILL GATTON FOUNDATION
    EIN:
    62-1266284
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENTS 786,817 0   0