THE MDC FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
THE MDC FOUNDATION (EIN 46-1550838)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-01-25
IRS object ID
202400259349100700
Schema version
2023v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-01-25T10:18:03-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN112461669PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SILVERCREST FINANCIAL SERVICES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1230 COURT SQUARE SUITE 101AddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22902ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461550838EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE MDC FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMDCFBusinessNameControlTxt
Phone4349774420PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O SILVERCREST 230 COURT SQUAREAddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22902ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDUPRE COCHRANPersonNm
Person TitleSECRETARY/VPPersonTitleTxt
Phone4349774420PhoneNum
Signature2024-01-24SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDUPREPersonFirstNm
Person LastCOCHRANPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVAN KWIATKOWSKIPreparerPersonNm
PTINP01509799PTIN
Phone4349774420PhoneNum
Preparation2024-01-25PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,355,170FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$87,352DividendsRevAndExpnssAmt
Dividends Net Invst Incm$87,352DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$92,760NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$754,558GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$92,760CapGainNetIncmNetInvstIncmAmt
Incm Modifications Adj Net Incm$500IncmModificationsAdjNetIncmAmt
Total Rev And Expnss$180,112TotalRevAndExpnssAmt
Total Net Invst Incm$180,112TotalNetInvstIncmAmt
Total Adj Net Incm$500TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$5,500AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$9,968OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$9,968OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,390TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$17,858TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,968TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$258,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$258,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$275,858TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,968TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$258,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$95,746ExcessRevenueOverExpensesAmt
Net Investment Income$170,144NetInvestmentIncomeAmt
Adjusted Net Income$500AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$37,929CashBOYAmt
Cash EOY$14,541CashEOYAmt
Cash EOYFMV$14,541CashEOYFMVAmt
US Government Obligations BOY$193,682USGovernmentObligationsBOYAmt
US Government Obligations EOY$195,703USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$195,703USGovtObligationsEOYFMVAmt
Corporate Stock BOY$3,816,321CorporateStockBOYAmt
Corporate Stock EOY$3,999,520CorporateStockEOYAmt
Corporate Stock EOYFMV$3,999,520CorporateStockEOYFMVAmt
Corporate Bonds BOY$131,566CorporateBondsBOYAmt
Corporate Bonds EOY$141,306CorporateBondsEOYAmt
Corporate Bonds EOYFMV$141,306CorporateBondsEOYFMVAmt
Other Assets EOY$4,100OtherAssetsEOYAmt
Other Assets EOYFMV$4,100OtherAssetsEOYFMVAmt
Total Assets BOY$4,179,498TotalAssetsBOYAmt
Total Assets EOY$4,355,170TotalAssetsEOYAmt
Total Assets EOYFMV$4,355,170TotalAssetsEOYFMVAmt
Accounts Payable BOY$8,035AccountsPayableBOYAmt
Accounts Payable EOY$5,500AccountsPayableEOYAmt
Total Liabilities BOY$8,035TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,500TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$4,171,463RetainedEarningBOYAmt
Retained Earning EOY$4,349,670RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,171,463TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,349,670TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,179,498TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,355,170TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,171,463TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$95,746ExcessRevenueOverExpensesAmt
Other Increases$273,953OtherIncreasesAmt
Subtotal$4,349,670SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,349,670TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP$654,373$548,032$106,341$106,341
PUBLICLY TRADED SECURITIESP$100,185$113,766-$13,581-$13,581
FieldValueIRS element (for citing)
Capital Gain Net Income$92,760CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,365InvestmentIncomeExciseTaxAmt
Subtotal$2,365SubtotalAmt
Tax Based On Investment Income$2,365TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$6,465EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$6,465TotalPaymentsAndCreditsAmt
Overpayment$4,100OverpaymentAmt
Applied To ES Tax$4,100AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateVAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSILVERCREST ASSET MANAGEMENT GROUPIndividualWithBooksNm
Phone4349774420PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1230 COURT SQUARE SUITE 101AddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22902ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DUPRE COCHRAN
C/O SILVERCREST 230 COURT SQUARECHARLOTTESVILLEVA22902SECRETARY/VP0.05$0$0$0
LEE S COCHRAN
C/O SILVERCREST 230 COURT SQUARECHARLOTTESVILLEVA22902DIRECTOR0.05$0$0$0
E PEYTON COCHRAN
C/O SILVERCREST 230 COURT SQUARECHARLOTTESVILLEVA22902DIRECTOR0.05$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE FOUNDATION WILL INVEST ITS ASSETS TO PRODUCE INVESTMENT RETURNS TO FUND ANNUAL DISTRIBUTIONS TO PRE- SELECTED 501(C)(3) CHARITIESDescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$4,180,208AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$106,888AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,287,096TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$4,287,096AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$64,306CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,222,790NetVlNoncharitableAssetsAmt
Minimum Investment Return$211,140MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$211,140MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,365TaxBasedOnInvestmentIncomeAmt
Total Tax$2,365TotalTaxAmt
Distributable Before Adj$208,775DistributableBeforeAdjAmt
Distributable Before Ded$208,775DistributableBeforeDedAmt
Deduction From Distributable$500DeductionFromDistributableAmt
Distributable As Adjusted$208,275DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$258,000ExpensesAndContributionsAmt
Qualifying Distributions$258,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$208,275DistributableAsAdjustedAmt
Undistributed Income PY$188,297UndistributedIncomePYAmt
Qualifying Distributions$258,000QualifyingDistributionsAmt
Applied To Year1$188,297AppliedToYear1Amt
Applied To Current Year$69,703AppliedToCurrentYearAmt
Undistributed Income CY$138,572UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN FOLK ART MUSEUM
2 LINCOLN SQUARENEW YORKNY10023NONEPUBLICGENERAL$500
AMERICAN WOMEN ARTISTS
PO BOX 7281CHESTERFIELDMO63006NONEPUBLICGENERAL$7,000
AMERICARES
88 HAMILTON AVENUESTAMFORDCT06902NONEPUBLICGENERAL$1,000
BOTTOM LINE
44 COURT ST STE 300BROOKLYNNY11201NONEPUBLICGENERAL$5,000
CENTRAL PARK CONSERVANCY
14 E 60TH STREETNEW YORKNY10022NONEPUBLICGENERAL$5,000
COLLEGE OF CHARLESTON FOUNDATION
66 GEORGE STREETCHARLESTONSC29424NONEPUBLICGENERAL$6,000
FUTURE 5
135 ATLANTIC AVENUESTAMFORDCT06901NONEPUBLICGENERAL$5,000
HARLEM ACADEMY
655 ST NICHOLAS AVENUENEW YORKNY10030NONEPUBLICGENERAL$5,000
HORIZONS NATIONAL
120 POST ROAD W STE 202WESTPORTCT06680NONEPUBLICGENERAL$10,000
HOSPITAL FOR SPECIAL SURGERY
535 EAST 70TH STREETNEW YORKNY10021NONEPUBLICGENERAL$5,000
JEFFERSON SCHOLARS FOUNDATION
112 CLARKE COURTCHARLOTTESVILLEVA22903NONEPUBLICGENERAL$20,000
MT SINAI HOSPITAL
ONE GUSTAVE L LEVY PLACENEW YORKNY10029NONEPUBLICGENERAL$150,000
MUDDY PAWS RESCUE
821 9TH AVENUENEW YORKNY10019NONEPUBLICGENERAL$5,000
RISING STARR HORSE RESCUE
93 SILVER SPRING RDWILTONCT06897NONEPUBLICGENERAL$11,500
ST MARK'S EPISCOPAL CHURCH
111 OENOKE RIDGENEW CANAANCT06840NONEPUBLICGENERAL$20,000
STAUNTON AUGUSTA ART CENTER
20 SOUTH NEW STREETSTAUNTONVA24401NONEPUBLICGENERAL$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$258,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$87,352ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$92,760ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$180,112ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$180,112TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$5,500Amt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondVARIOUS CORPORATE BONDSBondNm
EOY Book Value$141,306EOYBookValueAmt
EOYFMV$141,306EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockVARIOUS CORPORATE STOCKStockNm
EOY Book Value$3,999,520EOYBookValueAmt
EOYFMV$3,999,520EOYFMVAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$195,703USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$195,703USGovtObligationsEOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescFEDERAL EXCISE TAX RECEIVABLEDesc
EOY Book Value$4,100EOYBookValueAmt
EOYFMV$4,100EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN/LOSS ON INVESTMENTSDesc
Amt$273,953Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT ADVISORYCategoryTxt
Amt$9,968Amt
Net Investment Income$9,968NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL EXCISE TAX$2,365
OTHER$25

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.