Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
MARY BLACK FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)349 EAST MAIN STREET 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SPARTANBURG, SC29302
A Employer identification number

57-0843135
B Telephone number (see instructions)

(864) 573-9500
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$81,759,233J 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) 7,971,788
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,409 2,409  
4 Dividends and interest from securities... 1,816,429 1,816,429  
5a Gross rents............ 213,022 213,022  
b Net rental income or (loss) 70,776
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-1,164,570
b Gross sales price for all assets on line 6a 6,313,164
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)....... Click to see attachment
List of Attached Documents:
// Content
214,246 272,808  
12 Total. Add lines 1 through 11........ 9,053,324 2,304,668  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 193,550 7,982   185,568
14 Other employee salaries and wages...... 433,627 17,105   455,084
15 Pension plans, employee benefits....... 193,207 7,728   191,397
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,027 50   1,977
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
31,925 19,751   11,174
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
452,011 395,195   56,456
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
54,255 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
186,064 69,279  
20 Occupancy.............. 183,322 105,583   77,739
21 Travel, conferences, and meetings....... 46,269 7,913   37,645
22 Printing and publications.......... 12,318 0   12,288
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
415,902 107,918   368,728
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,204,477 738,504   1,398,056
25 Contributions, gifts, grants paid....... 2,827,863 2,569,192
26 Total expenses and disbursements. Add lines 24 and 25 5,032,340 738,504   3,967,248
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,020,984
b Net investment income (if negative, enter -0-) 1,566,164
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 784,999 610,239 610,239
2 Savings and temporary cash investments......... 779,498 10,058,664 10,058,664
3 Accounts receivable right arrow118,705
Less: allowance for doubtful accounts right arrow   821,894 118,705 118,705
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 85,212 160,116 160,116
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow3,496,909
Less: accumulated depreciation (attach schedule) right arrow1,462,430 2,078,856 Click to see attachment
List of Attached Documents:
// Content
2,034,479 		1,275,064
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 82,706,416 Click to see attachment
List of Attached Documents:
// Content
66,262,484 		66,262,484
14 Land, buildings, and equipment: basis right arrow3,822,247
Less: accumulated depreciation (attach schedule) right arrow1,690,463 2,151,606 Click to see attachment
List of Attached Documents:
// Content
2,131,784 		1,372,371
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,733,607 		Click to see attachment
List of Attached Documents:
// Content
1,901,590 		Click to see attachment
List of Attached Documents:
// Content
1,901,590
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 91,142,088 83,278,061 81,759,233
Liabilities 17 Accounts payable and accrued expenses.......... 57,983 20,675
18 Grants payable................. 2,475,912 2,703,483
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
96,985 		Click to see attachment
List of Attached Documents:
// Content
104,278
23 Total liabilities (add lines 17 through 22)......... 2,630,880 2,828,436
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 88,511,208 80,449,625
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 88,511,208 80,449,625
30 Total liabilities and net assets/fund balances (see instructions). 91,142,088 83,278,061
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
88,511,208
2
Enter amount from Part I, line 27a .....................
2
4,020,984
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
165,999
4
Add lines 1, 2, and 3 ..........................
4
92,698,191
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
12,248,566
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
80,449,625
Form 990-PF (2022)
Form 990-PF (2022)
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 FROM SCHEDULES K-1 P    
c PARTNERSHIP DISPOSITIONS P    
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 6,001,902   7,159,314 -1,157,412
b 232,428   6,261 226,167
c 14,750   318,420 -303,670
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,157,412
b       226,167
c       -303,670
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -1,234,915
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 21,770
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 21,770
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 21,770
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 30,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 30,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 206
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,024
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow8,024 Refundedright arrow 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowSC
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 addressright arrowMARYBLACKFOUNDATION.ORG
14
The books are in care ofright arrowMARY KATHRYN SNEAD Telephone no.right arrow (864) 573-9500

Located atright arrow349 EAST MAIN STREET 100SPARTANBURGSC ZIP+4right arrow29302
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
GREGORY WADE CHAIR
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
DR NAYEF SAMHAT VICE CHAIR
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
KAREN KNUCKLES SECRETARY/TREASURER
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
DR KOFI APPIAH TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
ANNA CONVERSE TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
DR LAURA BARBAS RHODEN TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
DR RUSSELL BOOKER TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
SLOAN EVANS TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
ETHAN BURROUGHS TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
ED MEMMOTT TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
KAREN CALHOUN TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
SCOTT NEELY TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
HOPE BLACKLEY TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
MOLLY TALBOT-METZ PRESIDENT/CEO
37.50 		193,550 17,040 5,560
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
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
KIMBERLY STRAVOLO VP/CFO
37.50 		115,434 9,291 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
NATALIA SWANSON PROGRAM DIRECTOR HE/
37.50 		82,957 7,421 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
AMY PAGE GRANTS MANAGER
37.50 		71,364 6,192 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
LINDA SMITH OFFICE MANAGER
37.50 		67,310 5,847 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
HALEY WICKER PROGRAM DIRECTOR ECD
37.50 		62,700 5,598 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
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
GRAYSTONE CONSULTINGMORGAN STANLEY INVESTMENT CONSULTING 138,927
227 WEST MONROE ST STE 3400
CHICAGO,IL60606
Total number of others receiving over $50,000 for professional services.............right arrow0
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 DURING 2022, MARY BLACK FOUNDATION ISSUED A LOAN TO HOMES OF HOPE INC., A 501(C)(3) ORGANIZATION, WHICH ENABLED IT TO BUILD EIGHT SINGLE-FAMILY HOMES IN THE SOUTH SIDE OF SPARTANBURG. 258,000
2 DURING 2022, THE FOUNDATION ISSUED A LOAN TO THE CHAPMAN CULTURAL CENTER, A 501(C)(3) ORGANIZATION, TO ENABLE IT TO MAKE GRANTS AND COVER OTHER OPERATING EXPENSES UNTIL IT IS ABLE TO RAISE SUFFICIENT CONTRIBUTIONS TO FORWARD-FUND ITS GRANTMAKING. 100,000
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow358,000
Form 990-PF (2022)
Form 990-PF (2022)
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
73,747,083
b
Average of monthly cash balances.......................
1b
652,557
c
Fair market value of all other assets (see instructions)................
1c
1,288,091
d
Total (add lines 1a, b, and c).........................
1d
75,687,731
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
75,687,731
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,135,316
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
74,552,415
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,727,621
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
3,727,621
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
21,770
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
21,770
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,705,851
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,705,851
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
3,705,851
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
3,967,248
b
Program-related investments—total from Part VIII-B..................
1b
358,000
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
4,325,248
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 3,705,851
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 649,066
b From 2018...... 1,180,132
c From 2019...... 3,428,838
d From 2020...... 825,244
e From 2021...... 822,298
f Total of lines 3a through e ........ 6,905,578
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 4,325,248
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 3,705,851
e Remaining amount distributed out of corpus 619,397
5 Excess distributions carryover applied to 2022. 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 7,524,975
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		649,066
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		6,875,909
10 Analysis of line 9:
a Excess from 2018.... 1,180,132
b Excess from 2019.... 3,428,838
c Excess from 2020.... 825,244
d Excess from 2021.... 822,298
e Excess from 2022.... 619,397
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MARY BLACK FOUNDATION INC
349 EAST MAIN STREET
SPARTANBURG,SC29302
(864) 573-9500
bThe form in which applications should be submitted and information and materials they should include:
SEE HTTP://WWW.MARYBLACKFOUNDATION.ORG
cAny submission deadlines:
SEE HTTP://WWW.MARYBLACKFOUNDATION.ORG
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE HTTP://WWW.MARYBLACKFOUNDATION.ORG
Form 990-PF (2022)
Form 990-PF (2022)
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

BALLET GUILD OF SPARTANBURG INC

200 EAST SAINT JOHN STREET
SPARTANBURG,SC29306 		N/A PC WEST AFRICAN COMMUNITY DANCE PROGRAM 3,910

BIG BROTHERS BIG SISTERS OF THE UPSTATE

161 EAST KENNEDY STREET
SPARTANBURG,SC29306 		N/A PC INFORMATION TECHNOLOGY INFRASTRUCTURE & SECURITY UPGRADE 15,000

BIRTHMATTERS

501 HOWARD STREET
SPARTANBURG,SC29303 		N/A PC ECD GENERAL OPERATING SUPPORT 92,648

CANCER ASSOCIATION OF SPARTANBURG AND CHEROKEE COUNTIES INC

PO BOX 1582
SPARTANBURG,SC29304 		N/A PC FOODSHARE BOXES 5,000

CHILDREN'S ADVOCACY CENTER OF SPARTANBURG

100 WASHINGTON PLACE
SPARTANBURG,SC29302 		N/A PC ELIMINATING PROBLEMATIC SEXUAL BEHAVIORS IN SCHOOL-AGED CHILDREN 46,980

CITY OF SPARTANBURG

PO BOX 1749
SPARTANBURG,SC29304 		N/A GOV SPARTANBURG JUNETEENTH CELEBRATION 750

CITY OF SPARTANBURG

PO BOX 1749
SPARTANBURG,SC29304 		N/A GOV HELLO FAMILY FUND 200,000

CITY OF SPARTANBURG

PO BOX 1749
SPARTANBURG,SC29304 		N/A GOV 2022 UNITY WEEK CELEBRATION 1,000

COMMUNITYWORKS

100 W ANTRIM DRIVE
GREENVILLE,SC29607 		N/A PC SPARTANBURG AFFORDABLE HOUSING 30,000

EVANS TRAINING CENTER

306 JORDAN CREEK RD
INMAN,SC29349 		N/A PC TRAINING AND COUNSELING SERVICES 5,000

EVANS TRAINING CENTER

306 JORDAN CREEK RD
INMAN,SC29349 		N/A PC GENERAL OPERATING SUPPORT 15,000

FOREST PARK NEIGHBORHOOD ASSOCIATION

128 LINCOLN DR
SPARTANBURG,SC29306 		N/A PC SPONSORSHIP OF EXPRESS LANE AAU JR. TRACK AND FIELD TEAM 5,000

GIRLS ON THE RUN UPSTATE SC

PO BOX 170773
SPARTANBURG,SC29301 		N/A PC GIRLS ON THE RUN ACCESS AND INCLUSION INITIATIVE 2021-2023 12,000

GOFORTH RECOVERY

PO BOX 6560
SPARTANBURG,SC29302 		N/A PC GOFORTH RECOVERY 15,000

HALTER (HEALING AND LEARNING THROUGH EQUINE RELATIONSHIPS)

PO BOX 1403
SPARTANBURG,SC29304 		N/A PC GEORGE NEWBY, JR. HEALTH EQUITY LEADERSHIP AWARD (NORA CURIEL-MUNOZ) 4,000

HEALTHY SMILES OF SPARTANBURG INC

P O BOX 1441
SPARTANBURG,SC29304 		N/A PC HEALTHY SMILES OF SPARTANBURG PEDIATRIC DENTAL PROGRAM 30,000

HOMES OF HOPE INC

3 DUNEAN STREET
GREENVILLE,SC29611 		N/A PC AFFORDABLE RENTAL HOUSING IN THE SOUTHSIDE 126,000

HOPE CENTER FOR CHILDREN

PO BOX 1731
SPARTANBURG,SC29304 		N/A PC ECD GENERAL OPERATING SUPPORT 142,000

HOPE CENTER FOR CHILDREN

PO BOX 1731
SPARTANBURG,SC29304 		N/A PC POSITIVE PARENTING PROGRAM INCENTIVES 10,000

HUB CITY ROOTS (FORMERLY HUB CITY FARMER'S MARKET)

248 N CHURCH ST
SPARTANBURG,SC29306 		N/A PC GENERAL OPERATING SUPPORT 95,000

INSTITUTE FOR CHILD SUCCESS

613 E MCBEE AVE
GREENVILLE,SC29601 		N/A PC SPARTANBURG EARLY CHILDHOOD SYSTEMS CHANGE INITIATIVE 106,250

JUMPSTART DBA JUMPSTART USA

PO BOX 1050
SPARTANBURG,SC29301 		N/A PC REINTEGRATION PROGRAMS FOR FORMERLY INCARCERATED IN SOUTH CAROLINA 15,000

LOUVENIA D BARKSDALE SICKLE CELL ANEMIA FOUNDATION

645 S CHURCH ST EXT
SPARTANBURG,SC29306 		N/A PC LDB SICKLE ANEMIA GENERAL OPERATING SUPPORT 2,500

MIDDLE TYGER COMMUNITY CENTER

84 GROCE RD
LYMAN,SC29365 		N/A PC MIDDLE TYGER COMMUNITY CENTER - "THIS IS MY CHILD" CHILDCARE PROGRAM 50,000

NORTHSIDE DEVELOPMENT GROUP

900 SOUTH PINE STREET
SPARTANBURG,SC29302 		N/A PC THE FRANKLIN SCHOOL STAFF RETENTION PROGRAM 20,000

NORTHSIDE DEVELOPMENT GROUP

900 SOUTH PINE STREET
SPARTANBURG,SC29302 		N/A PC THE FRANKLIN SCHOOL 100,000

PARTNERS FOR ACTIVE LIVING

226 S SPRING ST
SPARTANBURG,SC29306 		N/A PC GENERAL OPERATING SUPPORT 125,000

PARTNERS FOR ACTIVE LIVING

226 S SPRING ST
SPARTANBURG,SC29306 		N/A PC SPARTANBURG HEALTHY SCHOOLS INITIATIVE, PHASE 2 39,500

PARTNERS FOR ACTIVE LIVING

226 S SPRING ST
SPARTANBURG,SC29306 		N/A PC URBAN TRAILS SYSTEM 366,666

RUTH'S GLEANINGS

PO BOX 5088
SPARTANBURG,SC29304 		N/A PC FRESH FOOD FOR ALL 100,000

SERVANTS FOR SIGHT

PO BOX 2122
GREENVILLE,SC29602 		N/A PC SEEING THE FUTURE CLEARLY EYE CARE FOR SPARTANBURGS LOW-INCOME, UNINSURED RESIDENTS 20,000

SPARTANBURG AREA MENTAL HEALTH CENTER

250 DEWEY AVE
SPARTANBURG,SC29303 		N/A PC BIPOC AND LATINX OUTREACH PROGRAM 43,650

SPARTANBURG COUNTY FIRST STEPS

900 SOUTH PINE STREET
SPARTANBURG,SC29302 		N/A PC ECD GENERAL OPERATING 145,000

SPARTANBURG COUNTY FIRST STEPS

900 SOUTH PINE STREET
SPARTANBURG,SC29302 		N/A PC HELLO FAMILY 47,250

SPARTANBURG COUNTY FOUNDATION

424 EAST KENNEDY STREET
SPARTANBURG,SC29302 		N/A PC OUTDOOR SPACE FOR MARY H. WRIGHT ELEMENTARY SCHOOL AND CARVER MIDDLE SCHOOLS 3,000

SPARTANBURG COUNTY FOUNDATION

424 EAST KENNEDY STREET
SPARTANBURG,SC29302 		N/A PC INSTITUTE FOR YOUTH JUSTICE (TRUSTEE HOPE BLACKLEY) 5,000

SPARTANBURG COUNTY FOUNDATION

424 EAST KENNEDY STREET
SPARTANBURG,SC29302 		N/A PC HOPE BLACKLEY - PROVISION FUND (TRUSTEE HOPE BLACKLEY) 5,000

SPARTANBURG COUNTY FOUNDATION

424 EAST KENNEDY STREET
SPARTANBURG,SC29302 		N/A PC FUND #2270 - UFRC BUILDING - GEORGE NEWBY, JR. HEALTH EQUITY LEADERSHIP AWARD (NORA CURIEL-MUNOZ) 10,000

SPARTANBURG COUNTY SCHOOL DISTRICT THREE

PO BOX 267
GLENDALE,SC29346 		N/A GOV PACOLET 3K CLASS 107,625

SPARTANBURG REGIONAL FOUNDATION

101 EAST WOOD STREET
SPARTANBURG,SC29303 		N/A PC SRHS NURSE FAMILY PARTNERSHIP 62,000

THE ALLIANCE FOR A HEALTHIER GENERATION

1028 SE WATER AVE SUITE 215
PORTLAND,OR97214 		N/A PC SOCIAL-EMOTIONAL HEALTH EXTENDER FOR SPARTANBURG 6 21,750

THE CHILDREN'S MUSEUM OF THE UPSTATE INC

130 MAGNOLIA STREET
SPARTANBURG,SC29306 		N/A PC TCMU-SPARTANBURG MOBILE MUSEUM 65,000

THE CLEVELAND OPPORTUNITY FOUNDATION

501 HOWARD ST STE E
SPARTANBURG,SC29303 		N/A PC CLEVELAND TIGER FUN RUN 1,000

UNITED WAY OF THE PIEDMONT

PO BOX 5624
SPARTANBURG,SC29304 		N/A PC COMMUNITY HEALTH AND RESOURCE COORDINATORS 99,125

UPSTATE FAMILY RESOURCE CENTER

1850 OLD FURNACE ROAD
BOILING SPRINGS,SC29316 		N/A PC SPARTANBURG HEALTHY SCHOOLS INITIATIVE 7,838

UPSTATE FAMILY RESOURCE CENTER

1850 OLD FURNACE ROAD
BOILING SPRINGS,SC29316 		N/A PC HELPING FAMILIES THRIVE 105,750

UPSTATE FAMILY RESOURCE CENTER

1850 OLD FURNACE ROAD
BOILING SPRINGS,SC29316 		N/A PC GEORGE NEWBY, JR. HEALTH EQUITY LEADERSHIP AWARD (NORA CURIEL-MUNOZ) 11,000

UPSTATE FOREVER

201 E BROAD STREET SUITE 1C
SPARTANBURG,SC29306 		N/A PC TYGER RIVER CONFLUENCE PARK AND BLUEWAY PROJECT - MASTER PLAN 25,000

UPSTATE-CAROLINA ADAPTIVE GOLF

25 LOUISE AVENUE
GREENVILLE,SC29617 		N/A PC ADAPTIVE GOLF THERAPY FOR UNDERREPRESENTED YOUTH 5,000
Total .................................right arrow 3a 2,569,192
bApproved for future payment

PARTNERS FOR ACTIVE LIVING
226 S SPRING ST
SPARTANBURG,SC29306 		  PC URBAN TRAILS SYSTEM 50,000

PARTNERS FOR ACTIVE LIVING
226 S SPRING ST
SPARTANBURG,SC29306 		  PC 2022 KEY PARTNER FUNDING 100,000

PARTNERS FOR ACTIVE LIVING
226 S SPRING ST
SPARTANBURG,SC29306 		  PC SPARTANBURG HEALTHY SCHOOLS INITIATIVE PHASE 2 118,500

HUB CITY FARMERS' MARKET
248 N CHURCH ST
SPARTANBURG,SC29306 		  PC 2022 KEY PARTNER FUNDING 85,000

UNITED WAY OF THE PIEDMONT
PO BOX 5624
SPARTANBURG,SC29304 		  PC COMMUNITY HEALTH & RESOURCE COORDINATORS 189,558

THE ALLIANCE FOR A HEALTHIER GENERATION
1028 SE WATER AVE SUITE 215
PORTLAND,OR97214 		  PC EMOTIONAL HEALTH EXTENDER FOR SPARTANBURG 65,250

HARRY DALLARA FOUNDATION
1114 AVE OF THE AMERICAS 37TH FLOOR
NEW YORK,NY10036 		  PC DUNCAN PARK YOUTH BASEBALL FIELD RENOVATION TO PROMOTE DIVERSITY 100,000

RUTH'S GLEANINGS
PO BOX 5088
SPARTANBURG,SC29304 		  PC FRESH FOOD FOR ALL 100,000

BIRTHMATTERS
501 HOWARD ST STE E
SPARTANBURG,SC29303 		  PC 2022 ECD GENERAL OPERATING SUPPORT 51,086

CITY OF SPARTANBURG
PO BOX 1749
SPARTANBURG,SC29304 		  PC HELLO FAMILY FUND 400,000

SPARTANBURG COUNTY SCHOOL DISTRICT THREE
PO BOX 267
GLENDALE,SC29346 		  PC PACOLET 3K CLASS 228,875

SPARTANBURG REGIONAL HEALTHCARE SYSTEM FOUNDATION
101 EAST WOOD STREET
SPARTANBURG,SC29303 		  PC NURSE FAMILY PARTNERSHIP 477,000

SPARTANBURG COUNTY FIRST STEPS
900 SOUTH PINE STREET
SPARTANBURG,SC29302 		  PC HELLO FAMILY 227,625

UPSTATE FAMILY RESOURCE CENTER
1850 OLD FURNACE ROAD
BOILING SPRINGS,SC29316 		  PC GENERAL OPERATING SUPPORT 35,250

INSTITUTE FOR CHILD SUCCESS
613 E MCBEE AVE
GREENVILLE,SC29601 		  PC GENERAL OPERATING SUPPORT 18,750

HOPE CENTER FOR CHILDREN
PO BOX 1731
SPARTANBURG,SC29304 		  PC HCFC OPERATING SUPPORT 50,000

SPARTANBURG COUNTY FIRST STEPS
900 SOUTH PINE STREET
SPARTANBURG,SC29302 		  PC QUALITY COUNTS 130,000

SPARTANBURG AREA MENTAL HEALTH CENTER
250 DEWEY AVE
SPARTANBURG,SC29303 		  PC ADDRESSING MENTAL HEALTH NEEDS OF UNDERSERVED IN SPARTANBURG 14,550

SPARTANBURG AREA MENTAL HEALTH CENTER
250 DEWEY AVE
SPARTANBURG,SC29303 		  PC BIPOC-LATINX OUTREACH PROGRAM 324,000
Total ................................. right arrow 3b 2,765,444
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 2,409  
4 Dividends and interest from securities ....     14 1,816,429  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 70,776  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 159,490  
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 63,809 18 -1,228,379  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPROGRAM LOAN INTEREST 		        53,882
bREBATES AND REFUNDS         874
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 63,809 820,725 54,756
13Total. Add line 12, columns (b), (d), and (e)..................
13
939,290
(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.)
11A INTEREST INCOME EARNED ON PROGRAM RELATED INVESTMENT (LOAN)
11B REFUNDS AND REBATES EARNED IN THE COURSE OF OPERATIONS
Form 990-PF (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
MARY BLACK FOUNDATION INC
 
Employer identification number

57-0843135
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
MARY BLACK FOUNDATION INC
  		Employer identification number
57-0843135
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
MACKENZIE SCOTT
1201 THIRD AVENUE SUITE 4900
 
SEATTLE, WA98101

$ 7,969,749


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
MARY BLACK FOUNDATION INC
  		Employer identification number

57-0843135
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 88,340 SHARES OF AMAZON COM INC $ 7,969,749 2022-11-07
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
MARY BLACK FOUNDATION INC
  		Employer identification number

57-0843135
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT AND TAX COMPLIANCE SERVICES 31,925 19,751   11,174

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TY 2022 DepreciationSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING - 349 E. MAIN STREET   950,206 423,634   0 % 0 0    
BUILDING RENOVATION   4,723,714 1,850,364   0 % 0 0    
BUILDING RENOVATION - TENANT SPACE   273,617 97,938   0 % 0 0    
TENANT IMPROVEMENTS   286,599 286,599   0 % 0 0    
EQUIPMENT, FURNITURE AND FIXTURES   419,808 309,582   0 % 0 0    
LAND   544,635   L   0 0    

TY 2022 ExplnOfNonFilingWithAGStmt
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Statement:
THE SC ATTORNEY GENERAL'S OFFICE NO LONGER REQUESTS A COPY OF FORM 990-PF ON AN ANNUAL BASIS. THE ATTORNEY GENERAL'S OFFICE RESERVES THE RIGHT TO REQUEST THE FORM AS NEEDED. THE FOUNDATION WILL COMPLY WITH ANY REQUESTS MADE AS NEEDED.

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TY 2022 GainLossSaleOtherAssetsSch
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
PASSTHROUGH K-1 UBI CAPITAL GAINS   PURCHASED     63,809   COST 0 63,809  
SALE OF FIXED ASSETS   PURCHASED     275   COST 0 275  

TY 2022 InvestmentsLandSchedule2
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 272,318 0 272,318 100,000
BUILDING AND IMPROVEMENTS 3,140,790 1,403,694 1,737,096 1,150,000
EQUIPMENT, FURNITURE, AND FIXTURES 83,800 58,736 25,064 25,064

TY 2022 InvestmentsOtherSchedule2
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AON OPPORTUNISTIC CREDIT PORTFOLIO FMV 1,307,384 1,307,384
AON PRIVATE CREDIT OPPORTUNITIES FUND, LLC FMV 1,740,739 1,740,739
ARTWORK AT COST 15,700 15,700
LANDMARK REAL ESTATE PARTNERS FMV 1,049,199 1,049,199
TRUMBULL PROPERTY FUND LP FMV 3,499,409 3,499,409
MS MARTIN CURRIE EMERGING MARKETS EQUITIES FMV 3,532,794 3,532,794
MS WESTERN ASSET COREPLUS FMV 4,231,457 4,231,457
MS BRECKINRIDGE INT. FIXED INCOME FMV 3,775,163 3,775,163
MS COMMUNITY CAPITAL MANAGEMENT FMV 4,290,256 4,290,256
MS BLACKROCK STRATEGIC OPP FMV 2,595,354 2,595,354
MS SEIX ADVISORS FMV 2,651,193 2,651,193
MS CROSSMARK GLOBAL FMV 5,113,560 5,113,560
MS CLEARBRIDGE LCS FMV 3,345,493 3,345,493
MS CONFLUENCE FMV 4,160,186 4,160,186
MS BOSTON TRUST WALDEN FMV 4,238,738 4,238,738
MS KAYNE ANDERSON FMV 3,461,414 3,461,414
MS HARDING LOEVNER FMV 6,386,117 6,386,117
MS ARISTOTLE CAPITAL MANAGEMENT FMV 6,451,449 6,451,449
MS AMERICAN CORE FMV 1,538,709 1,538,709
MS INTERCONTINENTAL REAL ESTATE FMV 2,875,410 2,875,410
MS PREMIER TPG RISE OFFSHORE FMV 2,760 2,760

TY 2022 LandEtcSchedule2
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 272,317 0 272,317 100,000
BUILDING AND IMPROVEMENTS 3,140,791 1,403,694 1,737,097 1,150,000
EQUIPMENT, FURNITURE, AND FIXTURES 409,139 286,768 122,371 122,371


TY 2022 LegalFeesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL GOVERNANCE AND COUNSEL 2,027 50   1,977


TY 2022 OtherAssetsSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM RELATED INVESTMENTS - LOAN RECEIVABLES 1,700,000 1,810,316 1,810,316
PROGRAM RELATED INVESTMENT - TIY 2013 LLC 6,601 6,601 6,601
PROGRAM RELATED INVESTMENT - TIY 2014 LLC 5,952 5,952 5,952
PROGRAM RELATED INVESTMENT - TIY VENTURES S 2015 LLC 3,060 3,060 3,060
ACCRUED INTEREST 17,994 269 269
DEFERRED TAX ASSET 0 75,392 75,392


TY 2022 OtherDecreasesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Amount
UNREALIZED LOSS ON INVESTMENTS 12,248,566


TY 2022 OtherExpensesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMMUNICATIONS 8,914 2,674   6,237
GRANT RELATED EXPENSES 277,970 0   276,534
INSURANCE 30,896 7,678   13,030
OTHER ADMINISTRATIVE EXPENSES 8,500 1,208   6,442
SCHEDULE K-1 EXPENSES 0 87,749   0
SUPPLIES 9,095 1,133   7,808
TECHNOLOGY 74,968 6,920   53,303
TELEPHONE 5,559 556   5,374


TY 2022 OtherIncomeSchedule2
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
INCOME FROM ALTERNATIVE INVESTMENTS 159,490 272,808 159,490
PROGRAM LOAN INTEREST 53,882   53,882
REBATES AND REFUNDS 874   874


TY 2022 OtherIncreasesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Amount
DEFERRED FEDERAL EXCISE TAX EXPENSE 165,999


TY 2022 OtherLiabilitiesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Beginning of Year - Book Value End of Year - Book Value
TENANT DEPOSITS 6,378 6,378
DEFERRED TAX LIABILITY 90,607 0
EXCISE TAX PAYABLE 0 97,900


TY 2022 OtherProfessionalFeesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 53,023 2,121   50,542
PROPERTY MANAGEMENT 27,602 21,688   5,914
INVESTMENT EXPENSES 371,386 371,386   0


TY 2022 TaxesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 54,255 0   0