2022-04-12T11:52:35-05:00 2021-11-30 042442519 EDELSTEIN AND COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2020-12-01 981376156 BUCHANAN FRIENDSHIP FOUNDATION BUCH 2070422079 COURT PLACE RUE DU MANOIR SAINT PETER PORT GUERNSEY GK GY1 3XZ WILLIAM BUCHANAN GRAY COUNCILLOR 2070422079 2022-04-12 1 WILLIAM BUCHANAN GRAY 999009999 EUGENE BORGONZI P01269879 6172276161 2022-04-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z WILLIAM BUCHANAN GRAY COURT PLACE RUE DU MANOIR SAINT PETER PORT GUERNSEY GK GY1 3XZ 679978394 0 X N/A X 2017 GK THE FOUNDATION IS DEVOTED TO FUNDING AND DEVELOPING PHILANTHROPIC PROJECTS THAT PROMOTE SOCIAL WELFARE. 2 2 0 0 0 0 0 661033496 0 0 -102169 997539 0 0 -102169 662031035 0 0 0 0 9739 10313 0 0 0 145706 122705 155445 133018 -257614 661898017 440834203 1154721588 0 0 440834203 1154721588 X THE FOUNDATION DEVOTES ITS PROPERTY TO FUNDING AND DEVELOPING PHILANTHROPIC PROJECTS THAT PROMOTE SOCIAL WELFARE (INCLUDING FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES) WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). 0 0 0 0 0 THE FOUNDATION DEVOTES ITS PROPERTY TO FUNDING AND DEVELOPING PHILANTHROPIC PROJECTS THAT PROMOTE SOCIAL WELFARE (INCLUDING FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES) WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 1 JE 0 0 0 0 0 0 X 2 2 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 1 0 X ADRIAN HARBOUR 2070422079 COURT PLACE RUE DU MANOIR SAINT PETER PORT GK GY1 3XZ WILLIAM BUCHANAN GRAY COUNCILLOR 1.00 0.00 X X 0 0 0 ALICIA NIMO SAAVEDRA COUNCILLOR 1.00 0.00 X X 0 0 0 PETER ATKINSON RESIGNED 92021 GUARDIAN 1.00 0.00 X 9739 0 0 ADRIAN HARBOUR APPOINTED 92021 GUARDIAN 1.00 0.00 X 0 0 0 9739 0 0 0 0 0 0 0 661033496 661033496 661033496 1037102 1037102 17907796 17947359 -39563 -39563 -39563 662031035 0 0 997539 10313 10313 3443 3443 8550 8550 108260 108260 2452 2452 133018 0 133018 0 378665 7352 21990642 38970632 20455945 41926812 398008951 1073816792 440834203 1154721588 0 0 X 0 0 0 0 440834203 1154721588 440834203 1154721588 440834203 1154721588 661898017 51989368 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 39600 F ALLAN GRAY (HOLDINGS) PTY LTD 23000000 C ORBIS HOLDINGS LIMITED 141190800 C JANCHOR PARTNERS OPPORTUNITIES OFFSHORE FUND L.P. 14311677 F BAOBAB GLOBAL FUND LTD. 83734354 F ALLAN GRAY AFRICA EQUITY FUND LIMITED 60678044 F 1,348,238 SHARES ARGUS GROUP HOLDING COMMON 8089428 F JANCHOR PARTNERS OPPORTUNITIES OFFSHORE FUND II L.P. 83728728 F ORBIS EMERGING MARKETS EQUITY FUND 397066000 F ORBIS INTERNATIONAL EQUITY FUND 135082000 F ORBIS OPTIMAL FUND 102905000 F EVERLASTING CAPITAL FUND LIMITED 23991161 F 1073816792 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS N/A 567548240 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS N/A 205765920 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS N/A 23000000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS N/A 312736480 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 1 REGISTERED AGENT N/A 12765 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENT EXPENSES N/A 67794 1 1 0 0 1 1 1109131199 0 1109131199 0 0 1 1 0 0 PART I, LINE 3: CASH METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR EXPENDITURES PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART IV THE ORGANIZATION HAS OWNERSHIP INTERESTS IN FOREIGN CORPORATIONS AND IS ALSO A SHAREHOLDER IN A PASSIVE FOREIGN INVESTMENT COMPANY. THE ORGANIZATION IS DOMICILED IN GUERNSEY AND IS NOT A U.S. PERSON UNDER THE IRS TAX CODE. THEREFORE, IT IS NOT REQUIRED TO FILE FORM 5471 OR FORM 8621, SINCE IT IS A FOREIGN ORGANIZATION. X 2 661033496 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 WILLIAM BUCHANAN GRAY & ALICIA NIMO SAAVEDRA - FAMILY RELATIONSHIP WILLIAM BUCHANAN GRAY & ADRIAN HARBOUR - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS CIRCULATED TO THE COUNCILLORS AS WELL AS TO THE ORGANIZATION'S LEGAL COUNSEL. ALL FEEDBACK IS IMMEDIATELY ADDRESSED. ANY RESULTING MODIFICATIONS ARE INCORPORATED INTO A REVISED FINAL DRAFT. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, A COUNCILLOR IS REQUIRED TO DISCLOSE REAL, POTENTIAL, OR PERCEIVED CONFLICTS OF INTEREST TO THE OTHER COUNCILLORS. FORM 990, PART VI, SECTION B, LINE 15 THE CURRENT COUNCILLORS OF THE FOUNDATION DO NOT RECEIVE COMPENSATION FOR THEIR SERVICES TO THE FOUNDATION. IT IS POSSIBLE THAT FUTURE COUNCILLORS WOULD RECEIVE COMPENSATION. PAYMENT OF COMPENSATION TO COUNCILLORS IS GOVERNED BY THE FOUNDATION'S ORGANIZATIONAL DOCUMENTS, WHICH REQUIRE THAT COMPENSATION BE REASONABLE AND AT MARKET RATES. PETER ATKINSON, WHO SERVED AS THE GUARDIAN OF THE FOUNDATION THROUGH SEPTEMBER 2021, IS ALSO THE FOUNDATION'S REGISTERED AGENT AND RECEIVES A FEE FOR HIS SERVICES AS REGISTERED AGENT. THE FOUNDATION IS SUBJECT TO THE INTERMEDIATE SANCTIONS RULES OF CODE SECTION 4958, WHICH IMPOSE A PENALTY EXCISE TAX ON "EXCESS BENEFIT TRANSACTIONS" BETWEEN THE FOUNDATION AND "DISQUALIFIED PERSONS," INCLUDING THE FOUNDATION'S GUARDIAN. PURSUANT TO SECTION 4958, THE FOUNDATION TAKES APPROPRIATE STEPS TO ENSURE THAT THE GUARDIAN DOES NOT RECEIVE A DIRECT OR INDIRECT ECONOMIC BENEFIT FROM THE FOUNDATION WORTH MORE THAN THE SERVICES OR GOODS PROVIDED BY THE DISQUALIFIED PERSON IN RETURN. THE FOUNDATION HAS CONFIRMED THAT THE FEE MR. ATKINSON RECEIVED AS REGISTERED AGENT IS AT MARKET RATE. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990 - FOREIGN EXCHANGE RATES USED DURING THE FISCAL YEAR ENDED NOVEMBER 30, 2021, THE FOLLOWING FOREIGN EXCHANGE RATE RANGES WERE USED ON THE FORM 990 DEPENDING ON THE MONTH: BERMUDIAN DOLLAR WAS $1 FOR $1 ALL YEAR EURO .817294 - 0.888415 PER $1 POUND STERLING - 0.703482 - 0.755858 PER $1 JAPANESE YEN - 103.245097 - 114.025086 PER $1 BUCHANAN HOUSING TRUST C/O CASNER EDWARDS LLP 303 CONGRESS BOSTON MA 02210 457011744 INVESTMENT IN REAL ESTATE MA N/A T 0 LOVE LANE TRUST C/O CASNER EDWARDS LLP 303 CONGRESS BOSTON MA 02210 457011744 INVESTMENT IN REAL ESTATE MA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0