2024-06-06T10:48:27-05:00 2023-08-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2022-09-01 366082517 Tom Russell Charitable Foundation Inc % Foundation Source TOMR 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Crawford Crenshaw Treasurer 8008391754 2023-12-15 true Crawford Crenshaw 999009999 Jeffrey D Haskell P01345770 8008391754 2022 2023-04-26 12:10:37Z X 28411946 X 0 X 23520 23520 349656 349656 -109730 5052865 0 2925 2925 266371 376101 97500 97500 6398 0 0 6398 14000 0 0 14000 129915 117432 12483 10741 2100 19359 19359 62903 27 62876 340816 119559 0 212616 660000 660000 1000816 119559 0 872616 -734445 256542 476457 591347 591347 18282402 16892067 25628599 1651000 2192000 2192000 20409859 19675414 28411946 0 0 X 20409859 19675414 20409859 19675414 20409859 19675414 20409859 -734445 19675414 19675414 Publicly-traded Securities 5052865 5162595 -109730 -109730 -109730 3566 3566 3566 4200 0 4200 X 1 633 633 false false false 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HOUSING 325000 SELF-HELP FEDERAL CREDIT UNION- TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR, WOMEN RURAL RESIDENTS AND LOW WEALTH FAMILIES IN THE CHICAGO AREA 311000 550000 1186000 24945242 921987 0 25867229 0 25867229 388008 25479221 1273961 1273961 3566 3566 1270395 645000 1915395 1915395 872616 1186000 0 0 0 2058616 1915395 2053375 2020 2019 2018 2058616 2053375 5241 0 0 1910154 0 0 NONE X ACTIVATE GOOD INC 1053 E WHITAKER MILL RD STE RALEIGH NC 27604 N/A PC General & Unrestricted 2000 APEX UNITED METHODIST CHURCH 100 S HUGHES ST APEX NC 27502 N/A PC Simple Gifts Garden fund 5000 AUSTIN ACHIEVE PUBLIC SCHOOLS INC 5908 MANOR RD AUSTIN TX 78723 N/A PC General & Unrestricted 2500 BRIDGES OF NORMAN INC 1670 STUBBEMAN AVE NORMAN OK 73069 N/A PC General & Unrestricted 5000 CALVARY CHURCH 9S200 RTE 59 NAPERVILLE IL 60564 N/A PC Calvary Christian School 5000 CENTER FOR CHILDREN AND FAMILIES INC 210 S COCKREL AVE NORMAN OK 73071 N/A PC General & Unrestricted 10000 CENTRAL OKLAHOMA AMERICAN INDIAN HEALTH COUNCIL IN 4913 W RENO AVE OKLAHOMA CITY OK 73127 N/A PC General & Unrestricted 5000 CHESS-IN-THE-SCHOOLS INC 520 8TH AVENUE 22ND FLOOR NEW YORK NY 10018 N/A PC General & Unrestricted 23500 CLEVELAND COUNTY FAMILY YOUNG MENS CHRISTIAN ASSOC 1350 LEXINGTON AVE NORMAN OK 73069 N/A PC General & Unrestricted 10000 COLORADO UPLIFT 400 W 48TH AVE STE 250 DENVER CO 80216 N/A PC General & Unrestricted 5000 COLORADO WOMENS EDUCATION FOUNDATION PO BOX 1189 BOULDER CO 80306 N/A PC General & Unrestricted 23500 CRAZY HORSE MEMORIAL FOUNDATION 12151 AVE OF THE CHIEFS CRAZY HORSE SD 57730 N/A PC General & Unrestricted 15000 DONKA INCORPORATED 400 N COUNTY FARM RD WHEATON IL 60187 N/A PC General & Unrestricted 50000 DOROTHEA DIX PARK CONSERVANCY PO BOX 28575 RALEIGH NC 27611 N/A PC General & Unrestricted 6500 DUKE UNIVERSITY PO BOX 90581 DURHAM NC 27708 N/A PC The Center for Racial Healing and Transformation 15000 DUKE UNIVERSITY PO BOX 90581 DURHAM NC 27708 N/A PC Support for Duke University Libraries 2000 DUKE UNIVERSITY PO BOX 90581 DURHAM NC 27708 N/A PC Center for Racial Healing and Transformation 5000 DURHAM CHILDRENS INITIATIVE 2101 ANGIER AVE STE 200 DURHAM NC 27703 N/A PC General & Unrestricted 10000 ERIE FAMILY HEALTH CENTER INC 1701 W SUPERIOR ST CHICAGO IL 60622 N/A PC General & Unrestricted 23000 ERIE FAMILY HEALTH FOUNDATION INC 1701 W SUPERIOR ST CHICAGO IL 60622 N/A SO I General & Unrestricted 15000 GADS HILL CENTER 1919 W CULLERTON ST CHICAGO IL 60608 N/A PC General & Unrestricted 5000 GROWING TOGETHER PRESCHOOL 3301 BOULDER CT RALEIGH NC 27607 N/A PC General & Unrestricted 7500 HOPE CENTER AT PULLEN INC 112 COX AVE STE 100-A RALEIGH NC 27605 N/A PC General & Unrestricted 10000 INTER-FAITH FOOD SHUTTLE 1001 BLAIR DR RALEIGH NC 27603 N/A PC Support for Backpack Buddies and Food Pantry at Rise Charter School 10000 JUVENILE PROTECTIVE ASSOCIATION 1707 N HALSTED ST CHICAGO IL 60614 N/A PC General & Unrestricted 5000 KIPP OKC 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Participation Program - Raleigh Expansion 50000 THE LOTUS CAMPAIGN INC 200 S COLLEGE ST STE 200 CHARLOTTE NC 28202 N/A PC General & Unrestricted 1000 THE YOUNG MENS CHRISTIAN ASSOCIATION OF THE TRIANG 801 CORPORATE CENTER DR STE 200 RALEIGH NC 27607 N/A PC General & Unrestricted 5000 THRIVE SCHOLARS 75 FEDERAL ST STE 1250 BOSTON MA 02110 N/A PC General & Unrestricted 25000 THRIVE SCHOLARS 75 FEDERAL ST STE 1250 BOSTON MA 02110 N/A PC Starting work in Raleigh, NC 5000 URBAN MINISTRIES OF DURHAM INC 410 LIBERTY ST DURHAM NC 27701 N/A PC New housing project at St. Phillips Church block. 5000 URBAN MINISTRIES OF DURHAM INC 410 LIBERTY ST DURHAM NC 27701 N/A PC General & Unrestricted 5000 YOUNG MENS CHRISTIAN ASSOCIATION 500 N BROADWAY AVE STE 500 OKLAHOMA CITY OK 73102 N/A PC General & Unrestricted 10000 660000 14 23520 14 349656 18 -109730 K-1 Inc/Loss 14 2925 266371 266371 false false false false false false false false false false Audit Fees 11500 11500 General Consultations 2500 2500 SE RALEIGH CHARTER FOUNDATION, INC.- TO IMPROVE LEARNING ENVIRONMENT FOR SCHOLARS AND STAFF TO TEACH AND TO DRIVE DOWN OPERATING COSTS 300000 SE RALEIGH PROMISE, INC.- TO DEVELOP AFFORDABLE RENTAL HOMES TO SERVE LOW INCOME HOUSEHOLDS IN SOUTHEAST RALEIGH 50000 CLEVELAND COUNTY FAMILY YMCA- TO PROVIDE FUNDING FOR IMPROVMENT OF FACILITIES AND SERVICES TO THE COMMUNITY 200000 SELF HELP CREDIT UNION 301 W MAIN ST DURHAM NC 27701 2021-08-20 240000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION NO 1/12/2023 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. SELF HELP FEDERAL CREDIT UNION 301 WEST MAIN STREET DURHAM NC 27701 2021-08-20 220000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION NO 12/29/2022, 1/12/2023 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. SELF HELP CREDIT UNION 301 W MAIN ST DURHAM NC 27701 2022-08-23 356000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION NO 3/31/2023 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. SELF HELP FEDERAL CREDIT UNION 301 WEST MAIN STREET DURHAM NC 27701 2022-08-23 300000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION NO 3/31/2023 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. SELF HELP FEDERAL CREDIT UNION 301 W MAIN ST DURHAM NC 27701 2023-08-18 311000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION NO expected in 2024 NONE NECESSARY SELF HELP CREDIT UNION 301 W MAIN ST DURHAM NC 27701 2020-08-25 281000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION NO 08/06/2021, 1/12/2023 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE. SELF HELP FEDERAL CREDIT UNION 301 W MAIN ST DURHAM NC 27701 2020-08-25 250000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION NO 08/06/2021, 1/12/2023 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP CREDIT UNION DATE AND AMOUNT OF PRI: 8/20/2021 $240,000 PURPOSE OF PRI: TO PROVIDE FINANCING TO HIGH-PERFORMING PUBLIC CHARTER SCHOOLS FOR THE PURPOSES OF PURCHASING, DEVELOPING, OR RENOVATING EDUCATIONAL FACILITIES, WITH AN EMPHASIS ON FINANCING SCHOOLS SERVING PREDOMINANTLY DISADVANTAGED AND LOW-INCOME STUDENTS AND COMMUNITIES. REPORTS OF AMOUNTS EXPENDED: SELF HELP CREDIT UNION HAS SUBMITTED FULL AND COMPLETE FINANCIAL REPORTS OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS ON 09/15/2022, THE DATE SELF HELP CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATE AND AMOUNT OF PRI: 8/20/2021 $220,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR IN THE CHICAGO AREA. REPORTS OF AMOUNTS EXPENDED: SELF HELP FEDERAL CREDIT UNION HAS SUBMITTED FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS ON 09/16/2022, THE DATE SELF HELP CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP CREDIT UNION DATE AND AMOUNT OF PRI: 08/23/2022 $356,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR IN NORTH CAROLINA. REPORTS OF AMOUNTS EXPENDED: SELF HELP CREDIT UNION SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 08/31/2023. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATE AND AMOUNT OF PRI: 08/23/2022 $300,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR IN THE CHICAGO AREA. REPORTS OF AMOUNTS EXPENDED: SELF HELP FEDERAL CREDIT UNION IS EXPECTED TO SUBMIT A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 08/31/2023. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP CREDIT UNION DATE AND AMOUNT OF PRI: 8/25/2020 $281,000 PURPOSE OF PRI: TO PROVIDE FINANCING TO HIGH-PERFORMING PUBLIC CHARTER SCHOOLS FOR THE PURPOSES OF PURCHASING, DEVELOPING, OR RENOVATING EDUCATIONAL FACILITIES, WITH AN EMPHASIS ON FINANCING SCHOOLS SERVING PREDOMINANTLY DISADVANTAGED AND LOW-INCOME STUDENTS AND COMMUNITIES. REPORTS OF AMOUNTS EXPENDED: SELF HELP CREDIT UNION SUBMITTED FULL AND COMPLETE FINANCIAL REPORTS OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS ON 10/06/2021, THE DATE SELF HELP CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATES AND AMOUNTS OF PRI: 8/25/2020 $250,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW INCOME BORROWERS OF COLOR IN THE CHICAGO AREA. REPORTS OF AMOUNTS EXPENDED: SELF HELP FEDERAL CREDIT UNION SUBMITTED FULL AND COMPLETE FINANCIAL REPORTS OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS OF 10/1/2021, THE DATE SELF HELP FEDERAL CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATES AND AMOUNTS OF PRI: 8/18/2023 $311,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW INCOME BORROWERS OF COLOR, WOMEN, RURAL RESIDENTS AND LOW WEALTH FAMILIES IN THE CHICAGO AREA. REPORTS OF AMOUNTS EXPENDED: SELF HELP FEDERAL CREDIT UNION IS EXPECTED TO SUBMIT A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 08/31/2023. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. ABBVIE INC 157642 163566 ACCENTURE PLC 50310 287832 AIR PRODS & CHEM INC 122261 200342 ALPHABET INC CL A 166684 757105 AMAZON COM 304102 652787 AMERICAN ELECTRIC POWER INC 132643 136024 ANALOG DEVICES INC 152568 211228 APPLE INC 102550 1142250 APPLIED MATERIALS INC 110321 144358 ASTRAZENECA 95239 107630 BANK OF AMERICA CORP 56066 82226 BERKSHIRE HATHAWAY INC. CLASS 109910 248178 BOEING CO 212583 205660 BOSTON SCIENTIFIC 144994 209125 BROADCOM INC 72059 430990 CHARLES SCHWAB CORP 93114 80326 CHEVRON CORP 103661 180915 CINTAS CRP 50676 247043 CLEARBRIDGE INTERNATIONAL GROW 854422 991425 CMS ENERGY CP 101672 94961 COMCAST CORP 60099 93099 CONOCOPHILLIPS 45185 58563 CONSTELLATION BRANDS INC 127029 184476 CROWN CASTLE INTL 60058 68039 DANAHER CORP 34217 177020 EASTMAN CHEMICAL CO 58709 47351 EATON CORP PLC 78865 132232 EDWARDS LIFESCIENCES 81250 74482 ELI LILLY & CO 164659 530924 EXXON MOBIL CORP 179205 266967 GLOBAL PAYMENTS INC 61370 66512 GOLDMAN SACHS EMERGING MARKETS 150000 147015 GOLDMAN SACHS GROUP 41555 111749 HARBOR SMALL CAP GROWTH FUND 730000 775697 HOME DEPOT INC 122775 316097 HONEYWELL INTL 74868 138512 ILLUMINA INC COM 59824 35027 INTERCONTINENTAL EXCHANGE, INC 79589 148431 IVY MID CAP GROWTH FUND CLASS 1365367 950859 JP MORGAN CHASE 148753 242469 KNIGHT SWIFT TRANSPORTATION HO 74387 89247 MARRIOTT INTERNATIONAL INC. CL 74011 209615 MARSH AND MCLENNAN COMPANIES I 89524 224433 META PLATFORMS INC 158428 287013 MFS NEW DISCOVERY VALUE FUND C 982631 1274098 MICROSOFT CORP 226122 1076364 MONDELEZ INTERNATIONAL INC 98829 142021 NIKE INC-CL B 79762 136291 NORTHROP GRUMMAN CORP 89149 164574 NVIDIA CORP 217625 491082 PALO ALTO NETWORKS INC 112152 183448 PAYPAL HOLDINGS, INC 89499 30442 PEPSICO INC 96907 218130 PHILLIPS 66 49362 85962 PIONEER NAT RES CO 41630 41638 PNC FINANCIAL GROUP INC 14079 40807 PPG INDUSTRIES INC 54167 59823 PROCTER GAMBLE CO 129907 212063 PROLOGIS 117738 116500 REPUBLIC SVCS INC 52685 97144 SCHLUMBERGER LTD 75512 80657 SCHWAB S P 500 INDEX FUND SELE 1230380 1908846 SERVICE NOW 47983 58294 SYNOVUS FINL CP 66260 41301 TEXAS INSTRUMENTS INC 30828 88904 THERMO FISHER SCIENTIFIC INC 68763 262951 TJX COMPANIES INC 107157 183850 TRANE TECHNOLOGIES PLC 42080 115972 TRANSAMERICA INTERNATIONAL EQU 907085 934464 ULTA SALON, COSMETICS & FRAGRA 61397 108323 UNION PACIFIC 53881 125504 UNITEDHEALTH GROUP INC 150864 379834 VANGUARD EMERGING MARKETS STOC 310000 292606 VANGUARD MID CAP GROWTH INDEX 500000 545474 VANGUARD MID-CAP INDEX FD ADMI 1124238 1098371 VANGUARD RUSSELL 2000 GROWTH I 846232 959826 VERTIV CL A 32110 76771 VICTORY SYCAMORE ESTABLISHED V 1083190 1272079 VISA INC 62617 354271 WAL-MART STORES INC 61193 99843 WALT DISNEY HOLDINGS CO 64233 97822 WORKDAY INC 91120 112715 ZOETIS INC 109496 109734 Document Review/Drafting 6398 6398 PRI - CLEVELAND COUNTY FAMILY 200000 200000 PRI - PAVE SOUTHEAST RALEIGH C 50000 50000 PRI - SE RALEIGH CHARTER FOUND 300000 300000 PRI - SE RALEIGH PROMISE, INC. 50000 50000 PRI - SELF HELP CREDIT UNION ( 356000 356000 PRI - SELF HELP FEDERAL CREDIT 300000 300000 PRI - SELF-HELP FEDERAL CREDIT 311000 311000 PRI - THE RESURRECTION PROJECT 300000 300000 PRI - THE RESURRECTION PROJECT 325000 325000 Administrative Fees 60511 60511 Bank Charges 127 27 100 Foundation Dues & Memberships 1000 1000 Indemnification Insurance 1250 1250 State or Local Filing Fees 15 15 Class Action Lawsuit Proceeds 2925 2925 Investment Management Services 117432 117432 Philanthropic Consulting Srvcs 10833 10833 TRANSCRIPTION SERVICES 1650 1650 Per IRS notice dated May 27, 2024, Tom Russell Charitable Foundation, Inc. did not file its required annual return. We respectfully request that the Foundation's filing of Form 990-PF for taxable year ending August 31, 2023 be treated as timely and request that no penalties be assessed because the delay was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to prepare its Form 990-PF for tax period ending August 31, 2023. The Foundation submitted Form 8879, IRS e-file Signature Authorization for a Tax Exempt Entity ("Form 8879") to its administrator by the filing deadline in order to timely file Form 990-PF for tax year ending August 31, 2023. Because of an error made when tracking this return, the foundation's administrator inadvertently missed filing the return by the due date. Once the administrator became aware of this oversight, the Foundation's return was transmitted for e-file as soon as possible. Had the return been filed at the time Form 8879 was originally submitted by the Foundation, the return would have been filed timely. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. The delay in filing was not in any way due to an intentional disregard of IRS rules and the Foundation exercised due diligence by submitting the form in a timely manner and by responding as soon as possible to the delay once aware of it and is therefore entitled to abatement of any penalty. The administrator has processes in place to prevent this administrative issue and feels that it will not reoccur in the future. 990-PF Estimated Tax for 2023 4200 990-PF Excise Tax for 2022 4441 Foreign Tax Paid 2100 2100