Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022
Name of foundation
ARTHUR W PHILLIPS TRUST UW
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 316
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OIL CITY, PA16301
A Employer identification number

25-6201015
B Telephone number (see instructions)

(814) 676-2736
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$15,825,606J 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 10    
4 Dividends and interest from securities... 453,048    
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -68,744
b Gross sales price for all assets on line 6a 4,989,483
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 384,314 0 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 44,500 11,125 0 33,375
14 Other employee salaries and wages...... 33,988 0 0 33,988
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3,500 875 0 2,625
b Accounting fees (attach schedule)....... Click to see attachment 280 0 0 280
c Other professional fees (attach schedule).... Click to see attachment 77,487 77,487 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,008 2,008 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 6,755 0 0 6,755
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 188,518 91,495 0 77,023
25 Contributions, gifts, grants paid....... 1,075,951 1,075,951
26 Total expenses and disbursements. Add lines 24 and 25 1,264,469 91,495 0 1,152,974
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -880,155
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 226,641 308,118 308,118
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 262,048 Click to see attachment678,463 660,083
b Investments—corporate stock (attach schedule)....... 5,163,244 Click to see attachment5,434,892 8,454,922
c Investments—corporate bonds (attach schedule)....... 2,568,340 Click to see attachment4,073,062 3,701,732
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,604,971 Click to see attachment2,465,307 2,057,045
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment107,206 Click to see attachment643,706 Click to see attachment643,706
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,932,450 13,603,548 15,825,606
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........ 13,705,809 13,295,430
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 226,641 308,118
29 Total net assets or fund balances (see instructions)..... 13,932,450 13,603,548
30 Total liabilities and net assets/fund balances (see instructions). 13,932,450 13,603,548
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
13,932,450
2
Enter amount from Part I, line 27a .....................
2
-880,155
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
551,256
4
Add lines 1, 2, and 3 ..........................
4
13,603,551
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,603,548
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 250 EATON CORP PLC P 2014-06-12 2021-10-22
b 15 ALPHABETH INC CL A P 2020-07-07 2021-10-22
c 10 AMAZON.COM P 2020-07-07 2021-10-22
d 250 APPLE INC P 2018-07-20 2021-10-22
e 100 HOME DEPOT INC P 2020-07-07 2021-10-22
250 JP MORGAN CHASE & CO P 2018-05-11 2021-10-22
150 MICROSOFT CORP P 2020-07-07 2021-10-22
250 NEXTERA ENERGY INC P 2019-11-26 2021-10-22
100000 AMERICAN EXPRESS 3.533% PFD EQUITY P 2016-10-25 2021-11-15
10000 MASSACHUSETTS ST 4.2% 12/1/21 P 2011-01-18 2021-12-01
25000 ACTAVIS FUNDING 3.45% 3/15/22 P 2015-03-03 2022-01-18
35000 INT'L LEASE FINANCE 8.625% 1/15/22 P 2018-11-19 2022-01-18
20000 APACHE CORP 3.25% 4/15/22 P 2015-09-08 2022-01-18
35000 PETROLEUS MEXICANOS 4.875% 1/24/22 P 2015-01-21 2022-01-24
50000 JP MORGAN CHASE & CO 3.926% PERPETJUAL P 2016-10-25 2022-02-01
35000 US TREASURY NOTES 2.0% 2/15/22 P 2022-03-26 2022-02-15
1633.705 T ROWE PRICE INT'L DISC FUND #DE61 P 2020-07-07 2022-03-03
7806.009 T ROW PRICE SMALL-CAP EQUITY #DJ60 P 2020-07-07 2022-03-03
250 EATON CORP PLC P 2012-11-30 2022-03-04
10 ALPHABET INC CL A P 2020-07-07 2022-03-04
100 HOME DEPOT INC P 2017-05-31 2022-03-04
300 KYNDRYL HOLDINGS INC P 2019-11-26 2022-03-04
50 LOCKHEED MARTIN COPR P 2019-11-26 2022-03-04
250 NEXTERA ENERGY INC P 2019-11-26 2022-03-04
50 UNITED HEALTH GROUP IN P 2019-05-11 2022-06-04
100000 MACY'S INC 6.65% 7/15/24 P 2019-01-10 2022-04-01
10163.437 MSIF INT'L ADV FUND # FJ47 P 2021-01-14 2022-04-21
1690.005 JP MORGAN SMALL-CAP EQUITY #DN92 P 2019-11-26 2022-04-21
11749.31 PUTNAM CONV SECURITIES CL Y P 2021-01-14 2022-04-21
2068.138 VIRTUS KAR MID-CAP GROWTH #FB94 P 2021-01-14 2022-04-21
40000 ORACLBE CORP 2.5% 5/15/22 P 2015-05-05 2022-05-16
44883.303 PIMO DIVERSIFIED INCOME P 2021-04-30 2022-05-20
45433.903 VANGUARD ST INV FUND #0539 P 2021-01-14 2022-05-24
4953.348 VITRUS KAR MID-CAP GROWTH #FB94 P 2021-01-14 2022-05-24
35000 US TREASURY NOTES 2.0% 7/31/22 P 2015-08-19 2022-07-31
40000 21ST CENTURY FOX 3.0% 9/15/22 P 2015-04-06 2022-09-15
22139.116 BLACKROCK GLOBAL FUND K #D018 P 2017-11-14 2022-09-29
14217.290 VANGUARD IFL PROTECTED FUND #5119 P 2021-01-14 2022-09-30
10715.732 JP MORGAN EMERGY EQUITY FUND R6 #BA39 P 2021-01-14 2021-10-21
262.37 T ROWE PRICE INT'L DISC FUND #DE61 P 2021-12-17 2022-03-03
1105.475 T ROWE SMALL-CAP EQUITY #DJ60 P 2021-12-15 2022-03-03
103.697 MSIF INT'L ADVANTAGE FUND #FJ47 P 2021-12-16 2022-04-21
3093.94 PUTNAM CONV SEC FUND CL Y P 2021-12-10 2022-04-21
166.366 VANGUARD ST INV FUND #0539 P 2021-12-30 2022-05-20
103.601 VIRTUS KAR MID-CAP GROWTH #FB94 P 2021-12-22 2022-05-24
2235.75 BLACKROCK GLOBAL FUND CLASS K #D018 P 2021-12-17 2022-09-29
CAPITAL GAINS DISTRIBUTIONS 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 40,798   11,976 28,822
b 42,576   22,481 20,095
c 34,177   30,210 3,967
d 37,200   11,966 25,234
e 35,804   24,791 11,013
42,582   28,492 14,090
46,086   31,680 14,406
20,919   14,622 6,297
100,000   102,500 -2,500
10,000   10,000 0
25,000   24,964 36
35,000   39,579 -4,579
19,622   19,608 14
35,000   36,488 -1,488
50,000   51,188 -1,188
34,883   34,297 586
116,336   120,547 -4,211
315,573   286,138 29,435
37,860   11,897 25,963
26,973   14,988 11,985
33,021   15,025 17,996
3,864   9,604 -5,740
22,189   19,657 2,532
19,362   14,622 4,740
24,234   11,848 12,386
109,335   108,000 1,335
238,129   276,953 -38,824
105,000   104,708 292
286,331   400,000 -113,669
119,021   147,272 -28,251
40,000   39,859 141
426,840   500,000 -73,160
462,517   500,000 -37,483
233,748   352,727 -118,979
35,000   35,154 -154
39,239   39,239 0
351,790   449,823 -98,033
331,701   400,012 -68,311
463,455   500,000 -36,545
18,683   21,401 -2,718
45,866   49,249 -3,383
2,430   3,035 -605
75,399   82,515 -7,116
1,694   1,790 -96
4,889   7,296 -2,407
35,526   40,026 -4,500
353,831     353,831
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       28,822
b       20,095
c       3,967
d       25,234
e       11,013
      14,090
      14,406
      6,297
      -2,500
      0
      36
      -4,579
      14
      -1,488
      -1,188
      586
      -4,211
      29,435
      25,963
      11,985
      17,996
      -5,740
      2,532
      4,740
      12,386
      1,335
      -38,824
      292
      -113,669
      -28,251
      141
      -73,160
      -37,483
      -118,979
      -154
      0
      -98,033
      -68,311
      -36,545
      -2,718
      -3,383
      -605
      -7,116
      -96
      -2,407
      -4,500
      353,831
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 -68,744
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 -57,370
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 0
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 0
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 42,713
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 42,713
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 42,713
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet0 RefundedBullet 11 42,713
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    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 addressbulletWWW.PHILLIPSCHARITABLETRUST.COMMUNITYFORCE.COM
    14
    The books are in care ofbulletBERTA WINTERS ADMINISTRATIVE ASSIS Telephone no.bullet (814) 676-2736

    Located atbulletPO BOX 316OIL CITYPA ZIP+4bullet16301
    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)
     
    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
     
     
    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
    ROBERT W MCFATE TRUSTEE
    5.00     		17,500 0 0
    PO BOX 316
    OIL CITY,PA16301
    LARRY S ADAMS TRUSTEE
    5.00     		13,500 0 0
    55 CENTENNIAL DRIVE
    FOXBURG,PA16036
    TRENTON E MOULIN TRUSTEE
    5.00     		13,500 0 0
    206 SENECA STREET
    OIL CITY,PA16301
    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
    FNB WEALTH MANAGEMENT INVESTMENT ADVISOR 77,487
    711 STATE STREET
    ERIE,PA16501
    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
    17,292,875
    b
    Average of monthly cash balances.......................
    1b
    295,825
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,588,700
    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
    17,588,700
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    263,831
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    17,324,869
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    866,243
    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
    866,243
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
     
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    866,243
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    866,243
    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
    866,243
    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 7 866,243
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 551,816
    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$ 1,152,974
    a Applied to 2020, but not more than line 2a 551,816
    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..... 601,158
    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 ..........     		265,085
    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).)
    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:
    BERTA WINTERS ADMIN ASST
    PO BOX 316
    OIL CITY,PA16301
    (814) 676-2736
    BWINTERS_PCT@COMCAST.NET
    bThe form in which applications should be submitted and information and materials they should include:
    APPLY ONLINE AT HTTPS://PHILLIPSCHARITABLETRUST.COMMUNITYFORCE.COM. REQUIRES 501(C)(3) EXEMPTION.
    cAny submission deadlines:
    SPRING SUBMISSION CYCLE, OCTOBER 1 TO JANUARY 31. FALL SUBMISSION CYLCLE, APRIL 1 TO JULY 31.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PREFERENCE GIVEN TO NORTHWEST PENNSYLVANIA. ALSO PREFERRED ARE ORGANIZATIONS HAVING MEDICAL OR EDUCATIONAL PURPOSES.
    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
    EDINBORO UNIVERSITY FOUNDATION
    210 MEADVILLE STREET
    EDINBORO,PA16412     		  PC PURCHASE ADULT HUMAN SIMULATOR 70,000
    EMLENTON AREA AMBULANCE SERVICE
    511 MAIN STREET
    EMLENTON,PA16373     		  PC DEBT REDUCTION FOR CAPITAL EXPENDITURES INCLUDING EQUIPMENT 25,000
    GANNON UNIVERSITY
    109 UNIVERSITY SQUARE
    ERIE,PA16541     		  PC EQUIP AUTONOMOUS VEHICLES LABORATORY 27,000
    HAMOT HEALTH FOUNDATION
    305 FRENCH STREET
    ERIE,PA16505     		  PC EXPANSION OF LAB AT WESTRIDGE OFFICES. 20,000
    OIL CREEK RAILWAY HISTORICAL SOCIETY
    117 N FRANKLIN STREET
    TITUSVILLE,PA16354     		  PC PERRY STREET STATION RENOVATIONS AND TRAIN UPGRADES. 10,000
    PRINCE OF PEACE CENTER
    502 DARR STREET
    FARRELL,PA16121     		  PC PURCHASE OF WALK IN COOLER. 10,000
    SOUTHERN CLARION COUNTY AMBULANCE SERVICE
    10515 RTE 68
    RIMERSBURG,PA16248     		  PC DEBT REDUCTION FOR CAPITAL EXPENDITURES INCLUDING EQUIPMENT 25,000
    SUGAR VALLEY LODGE
    190 SUGAR VALLEY LANE
    FRANKLIN,PA16323     		  PC FOOD PURCHASES FOR RESIDENTS. 50,000
    SUGAR VALLEY LODGE
    190 SUGAR VALLEY LANE
    FRANKLIN,PA16323     		  PC PURCHASE FOOD FOR RESIDENTS. 50,000
    THE BOYS AND GIRLS CLUB ALONG THE ALLEGHENY
    PO BOX 2
    EMLENTON,PA16373     		  PC ROBOTICS KITS, VIRTUAL REALITY HEADSETS, COUNSELING PROGRAMS, EQUIPMENT NEEDS. 10,000
    OIL CITY SALVATION ARMY
    217 SYCAMORE STREET
    OIL CITY,PA16301     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    VENANGO MUSEUM OF ART SCIENCE AND INDUSTRY
    270 SENECA STREET
    OIL CITY,PA16301     		  PC RECORDS/ARCHIVES PRESERVATION, BUILDING CAPITAL EXPENDITURES. 10,000
    EMLENTON AREA AMBULANCE SERVICE
    511 MAIN STREET
    EMLENTON,PA16373     		  PC PURCHASE 2 LARYNGOSCOPES $12,000; OPERATING EXPENSE $8,000. 20,000
    EMLENTON CIVIC CLUB
    PO BOX 123
    EMLENTON,PA16373     		  PC BUILDING RENOVATION PROJECT. 30,000
    NORTHWEST HOSPITCAL FOUNDATION
    100 FAIRFIELD AVENUE
    SENECA,PA16346     		  PC COURTYARD RENOVATION PROJECT. 100,000
    PA COLLEGE OF TECHNOLOGY FOUNDATION
    ONE COLLEGE DRIVE
    WILLIAMSPORT,PA17701     		  PC MOCK EMERGENCY ROOM PROJECT. 40,000
    TITUSVILLE AREA HEALTH CENTER FOUNDATION
    408 WEST OAK STREET
    TITUSVILLE,PA16354     		  PC PURCHASE OF STATE OF THE ART HOSPITAL BEDS. 100,000
    COMMUNITY SHELTER SERVICES
    652 WEST 17TH STREET
    ERIE,PA16502     		  PC FINANCIAL NEEDS FOR EMERGENCY SHELTER. 10,000
    EASTERSEALS WESTERN & CENTRAL PA
    875 GREENTREE ROAD SIX PARKWAY
    CENTER
    PITTSBURGH,PA15230     		  PC PURCHASE OF WHEELCAIR VAN. 50,000
    RENEWED LIVINGEMMAUS HOUSE
    580 COLBERT AVENUE
    OIL CITY,PA16301     		  PC 2023 PROGRAM SUPPORT FOR MEN'S HOMELESS SHELTER. 50,000
    FAMILY SERVICE & CHILDREN'S AID SOCIETY
    716 E 2ND STREET
    OIL CITY,PA16301     		  PC INSTALLATION OF GENERATOR AT SHELTER. 35,000
    MAKE-A-WISH FOUNDATION
    1001 STATE STREET SUITE 502
    ERIE,PA16501     		  PC FUND WISHES OF TWO CHILDREN FROM VENANGO AND CLARION COUNTIES. 8,800
    OIL CITY AREA SCHOOL DISTRICT
    10 LYNCH BLVD
    OIL CITY,PA16301     		  PC STUDENT & STAFF RECOGNITION PROGRAM FOR PBIS PROGRAM. 5,000
    OIL CITY CIVIC CENTER
    206 SENECA STREET
    OIL CITY,PA16301     		  PC ROOF REPLACEMENT ON NATIONAL TRANSIT BUILDING. 100,000
    PENN STATE UNIVERSITY BEHREND COLLEGE
    4651 COLLEGE DRIVE
    ERIE,PA16510     		  PC PURCHASE HUMAN PATIENT SIMULATORS FOR NURSING PROGRAM. 50,000
    SCENIC RIVERS YMCA
    7 PETROLEUM STREET
    OIL CITY,PA16301     		  PC SHOWER HOUSE PROJECT AT CAMP COFFMAN. 30,000
    SENECA HILLS BIBLE CONFERENCE
    276 DAMASCUS ROAD
    POLK,PA16342     		  PC BATHHOUSE CONSTRUCTION AT CAMP. 30,000
    YMCA OF FRANKLIN
    111 WEST PARK STREET
    FRANKLIN,PA16323     		  PC REPAIRS & RENOVATIONS TO GYM & LEARNING CENTER. 13,851
    ZION BAPTIST CHURCH
    114 ZION ROAD
    CLARION,PA16214     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 4,500
    FIRST UNITED METHODIST CHURCH
    800 WOOD STREET
    CLARION,PA16214     		  PC DISTRIBUTION OF FOOD TO DERSERVING PERSONS. 4,500
    FIRST BAPTIST CHURCH
    649 MAIN STREET
    CLARION,PA16214     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 4,500
    REDBANK VALLEY CHURCH ASSOCIATION
    PO BOX 75
    NEW BETHLEHEM,PA16242     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 4,500
    RIMERSBURG UNITED METHODIST CHURCH
    399 MAIN STREET
    RIMERSBURG,PA16248     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 4,500
    STRATTANVILLE UNITED METHODIST CHURCH
    PO BOX 96
    STRATTANVILLE,PA16258     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 4,500
    KNOX CARING CUPBOARD
    PO BOX 458
    KNOX,PA16232     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 4,500
    PARK HILL CHURCH OF GOD
    3314 LIME PLANT ROAD
    PARKER,PA16049     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 4,500
    CHARITABLE DEEDS
    PO BOX 414
    KNOX,PA16232     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 4,500
    CHRIST UNITED METHODIST CHURCH
    1135 BUFFALO STREET
    FARRELL,PA16323     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    CENTER TOWNE CAFE
    250 ELM STREET
    OIL CITY,PA16301     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    CLINTONVILLE FOOD PANTRY
    135 IRWIN STREET
    CLINTONVILLE,PA16372     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    OIL CITY FOOD PANTRY
    203 CENTER STREET
    OIL CITY,PA16301     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    ROCKY GROVE FOOD PANTRY
    39 PARKER AVENUE
    FARRELL,PA16323     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    CRANBERRY FOOD PANTRY CO JANET SNOW
    PO BOX 446
    SENECA,PA16346     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    FRANKLIN SALVATION ARMY
    737 ELK STREET
    FRANKLIN,PA16323     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    ST ELIZABETH CENTER
    311 EMERALD STREET
    OIL CITY,PA16301     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    ST JOHN'S EPISCOPAL CHURCH
    1145 BUFFALO STREET
    OIL CITY,PA16323     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    ST PATRICK'S CHURCH FOOD PANTRY
    952 BUFFALO STREET
    FRANKLIN,PA16323     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    THE OPEN DOOR CAFE
    405 E 2ND STREET
    FRANKLIN,PA16301     		  PC DISTRIBUTION OF FOOD TO DESERVING PERSONS. 3,400
    UNITED WAY OF VENANGO COUNTY
    1990 ALLGHENY BLVD
    RENO,PA16343     		  PC CAREER COUNSELOR FOR SIX LOCAL SCHOOL DISTRICTS. 15,000
    Total .................................bullet 3a 1,075,951
    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 10  
    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 -68,744  
    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) .. 0 384,314 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    384,314
    (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:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 280 0 0 280

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    Name of Bond End of Year Book Value End of Year Fair Market Value
    INVESTMENTS IN CORPORATE BONDS 4,073,062 3,701,732

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS IN CORPORATE STOCKS 5,434,892 8,454,922

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    US Government Securities - End of Year Book Value:

    678,463
    US Government Securities - End of Year Fair Market Value:

    660,083
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENTS AT COST 2,465,307 2,057,045

    TY 2021 LegalFeesSchedule
    Name:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 3,500 875 0 2,625


    TY 2021 OtherAssetsSchedule
    Name:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    FNB DAILY MONEY MARKET 107,206 312,005 312,005
    DUE FROM BROKERS   331,701 331,701


    TY 2021 OtherDecreasesSchedule
    Name:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    Description Amount
    MASSACHUSETTS ST 4.2% - AMORTIZATION OF PREMIUM 2
    FRACTIONS 1


    TY 2021 OtherExpensesSchedule
    Name:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPONENT PHILANTHROPY - DUES 795 0 0 795
    D & O LIABILITY INSURANCE 1,625 0 0 1,625
    OFFICE EXPENSES 2,835 0 0 2,835
    COMMUNITY FORCE - ANNUAL FEE 1,500 0 0 1,500


    TY 2021 OtherIncreasesSchedule
    Name:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    Description Amount
    FNB DISTRIBUTION ON 9/30/22 NOT POSTED UNTIL 2022 TAX YEAR 550,000
    FRACTIONS 1
    US TREAS NOTES 2.0% 2/15/22 - INCOME ON DISTRIBUTION 117
    APACHE CORP 3.25% 4/15/22- INCOME ON DISTRIBTION 377
    21ST CENTURY FOX 3.0% 9/15/22 - INCOME ON DISTRIBUTION 761


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR 77,487 77,487 0 0


    TY 2021 TaxesSchedule
    Name:
    ARTHUR W PHILLIPS TRUST UW
    EIN:
    25-6201015
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESTIMATED EXCISE TAX 20,000 0 0 0
    FOREIGN TAX 2,008 2,008 0 0