2024-07-08T13:54:43-05:00 2023-12-31 521231901 GORFINE SCHILLER & GARDYN PA 10045 RED RUN BLVD SUITE 250 OWINGS MILLS MD 21117 990PF 2023-01-01 521522573 THE HELENA FOUNDATION INC HELE 4103565900 1209 RIVER CRESCENT DR ANNAPOLIS MD 21401 JAMES A EARL PRESIDENT 4103565900 2024-05-20 1 JAMES EARL 999009999 0 JOSEPH A LIBERMAN CPA P00087382 4103565900 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z X X 0 X X 492 492 0 2809 0 3301 492 0 0 0 43312 43312 0 5600 5600 0 15 15 0 48927 48927 0 3990420 3990420 4039347 48927 3990420 -4036046 0 190231 37570 2280592 0 0 2508393 0 0 0 0 X 2508393 0 0 0 0 0 2508393 0 2508393 0 2508393 -4036046 61930718 60403065 60403065 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 MD 1 0 0 0 0 1 N/A JOSEPH LIBERMAN CPA 4103565900 10045 RED RUN BLVD STE 250 OWINGS MILLS MD 211175590 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 JAMES A EARL 1209 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 PRES,TRES,DIR 0.50 0 0 0 SYLVIA EARL 1209 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 VP,SEC,DIR 0.50 0 0 0 NONE 0 NONE 0 0 12046926 35199 0 12082125 0 0 12082125 181232 11900893 595045 595045 0 595045 0 595045 0 595045 3990420 0 3990420 595045 3294058 2021 101317 0 3990420 3294058 101317 0 595045 0 0 0 0 0 0 0 0 0 0 0 0 X THE BLUE WATERS FOUNDATION INC 502 TULIP ROAD ANNAPOLIS MD 21403 NONE PRIVATE FOUNDATION OPERATING 1330140 THE DOVANA FOUNDATION INC 6080 CAVALLERI ROAD MALIBU CA 90265 NONE PRIVATE FOUNDATION OPERATING 1330140 THE MHE FOUNDATIONINC 39 POPLAR POINT ROAD EDGEWATER MD 21037 NONE PRIVATE FOUNDATION OPERATING 1330140 3990420 0 14 492 TAX REFUND 2809 0 492 2809 3301 11A EXCISE TAX REFUND 0 0 0 0 0 0 0 0 0 0 ACCOUNTING 5600 5600 0 SECTION 4945(H)(2) ELECTIONAS TO THE TREATMENT OF QUALIFYING DISTRIBUTIONSTHE HELENA FOUNDATION, INC.52-15225731209 RIVER CRESCENT DRIVEANNAPOLIS, MD 21401DECEMBER 31, 2023PURSUANT TO IRC. SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THE ABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATLEY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF UNDISTRIBUTIVE INCOME FROM THE TAX YEAR ENDING 2021 IN THE AMOUNT OF $101,317. THE BLUE WATERS FOUNDATION INC 502 TULIP ROAD ANNAPOLIS MD 21403 $21,464,495 IN CASH AND SECURITIES 21464495 THE DOVANA FOUNDATION INC 6080 CAVALLERI ROAD MALIBU CA 90265 $21,464,495 IN CASH AND SECURITIES 21464495 THE MHE FOUNDATION INC 39 POPLAR POINT ROAD EDGEWATER MD 21037 $21,464,495 IN CASH AND SECURITIES 21464495 STATEMENT REPORTING DISTRIBUTION OF PROPERTY VALUED AT FAIR MARKET VALUE ATTACHMENT TO FORM 990-PF, PART I, LINE 25, COLUMN (A) DISTRIBUTIONS OF PROPERTY VALUED AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION:1. DATE OF DISTRIBUTION: MARCH 21, 20232. DESCRIPTION OF PROPERTY: 7,935 SHARES OF BERKSHIRE HATHAWAY CLASS B3. BOOK VALUE OF PROPERTY: $47,8084. METHOD FOR DETERMINING BOOK VALUE: FAIR MARKET VALUE ON APRIL 15, 1992 - THE DATE THE PROPERTY WAS DONATED TO THE FOUNDATION.5. FAIR MARKET VALUE: $2,388,9116. METHOD FOR DETERMINING FAIR MARKET VALUE: HISTORICAL VALUE FROM NEW YORK STOCK EXCHANGE ON DATE OF DONATION. STATEMENT REPORTING DISTRIBUTION OF PROPERTY VALUED AT FAIR MARKET VALUE ATTACHMENT TO FORM 990-PF, PART I, LINE 25, COLUMN (A) DISTRIBUTIONS OF PROPERTY VALUED AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION:1. DATE OF DISTRIBUTION: MARCH 21, 20232. DESCRIPTION OF PROPERTY: 13,200 SHARES OF BERKSHIRE HATHAWAY CLASS A3. BOOK VALUE OF PROPERTY: $1,192,9504. METHOD FOR DETERMINING BOOK VALUE: FAIR MARKET VALUE ON APRIL 15, 1992 - THE DATE THE PROPERTY WAS DONATED TO THE FOUNDATION.5. FAIR MARKET VALUE: $60,181,1026. METHOD FOR DETERMINING FAIR MARKET VALUE: HISTORICAL VALUE FROM NEW YORK STOCK EXCHANGE ON DATE OF DONATION. STATEMENT REPORTING DISTRIBUTION OF PROPERTY VALUED AT FAIR MARKET VALUE ATTACHMENT TO FORM 990-PF, PART I, LINE 25, COLUMN (A) DISTRIBUTIONS OF PROPERTY VALUED AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION:1. DATE OF DISTRIBUTION: MARCH 21, 20232. DESCRIPTION OF PROPERTY: 12,936.84 SHARES OF SEQUOIA FUND3. BOOK VALUE OF PROPERTY: $1,030,7964. METHOD FOR DETERMINING BOOK VALUE: FAIR MARKET VALUE ON APRIL 15, 1992 - THE DATE THE PROPERTY WAS DONATED TO THE FOUNDATION.5. FAIR MARKET VALUE: $1,641,2976. METHOD FOR DETERMINING FAIR MARKET VALUE: HISTORICAL VALUE FROM NEW YORK STOCK EXCHANGE ON DATE OF DONATION. STATEMENT REGARDING LIQUIDATING DISTRIBUTIONS TO PRIVATE FOUNDATIONS ATTACHMENT TO FORM 990-PF, PART VI-B, LINE 5D DURING THE 2023 TAX YEAR, THE FOUNDATION DISPOSED OF ALL ITS ASSETS BY DISTRIBUTING THESE ASSETS EQUALLY AMONG THREE PRIVATE FOUNDATIONS. THE FOUNDATION TREATED A PORTION OF THE ASSETS DISTRIBUTED TO THE PRIVATE FOUNDATIONS AS A GRANT AND A QUALIFYING DISTRIBUTION WITHIN THE MEANING OF SECTIONS 4942 AND 4945 OF THE CODE. THE FOUNDATION IS NOT REQUIRED TO EXERCISE EXPENDITURE RESPONSIBILITY WITH RESPECT TO THE PORTION OF THE DISTRIBUTION TREATED AS A GRANT AND A QUALIFYING DISTRIBUTION. TREASURY REGULATION SECTION 1.507-3(A)(7) PROVIDES THAT WHEN A TRANSFEROR FOUNDATION HAS DISPOSED OF ALL ITS ASSETS, DURING ANY PERIOD IN WHICH THE TRANSFEROR FOUNDATION HAS NO ASSETS, THE EXPENDITURE RESPONSIBILITY REPORTING REQUIREMENTS OF SECTIONS 4945(D)(4) AND (H) SHALL NOT APPLY TO EXPENDITURE RESPONSIBILITY GRANTS MADE BY THE TRANSFEROR. DURING THE 2023 TAX YEAR, THE FOUNDATION DISTRIBUTED ALL ITS ASSETS IN COMPLETE LIQUIDATION OF THE FOUNDATION. THE FAIR MARKET VALUE OF THE FOUNDATION'S ASSETS WAS DISTRIBUTED EQUALLY AMONG THREE PRIVATE FOUNDATIONS: THE BLUE WATERS FOUNDATION, INC. (EIN: 16-1643931); THE DOVANA FOUNDATION, INC. (EIN: 16-1643936); AND THE MHE FOUNDATION, INC. (EIN: 16-1643939) (EACH A "TRANSFEREE FOUNDATION, AND COLLECTIVELY, THE "TRANSFEREE FOUNDATIONS"). THE FOUNDATION TREATED THE PORTION OF THE ASSETS THE FOUNDATION DISTRIBUTED TO THE TRANSFEREE FOUNDATIONS THAT IS EQUAL TO THE FOUNDATION'S UNDISTRIBUTED INCOME FOR 2021, 2022 AND 2023 AS A QUALIFYING DISTRIBUTION WITHIN THE MEANING OF SECTION 4942(G)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). THE FOUNDATION ENTERED INTO A GRANT AGREEMENT WITH THE TRANSFEREE FOUNDATIONS WHEREBY EACH TRANSFEREE FOUNDATION AGREED TO REDISTRIBUTE AS QUALIFYING DISTRIBUTIONS WITHIN THE MEANING OF SECTIONS 4942(G)(1) AND 4942(G)(3)(A) OF THE CODE, AN AMOUNT EQUAL TO ONE-THIRD OF THE FOUNDATION'S UNDISTRIBUTED INCOME FOR2021, 2022 AND 2023 (THE "QUALIFYING DISTRIBUTION PORTION"). EACH OF THE TRANSFEREE FOUNDATIONS AGREED TO REDISTRIBUTE ITS RESPECTIVE QUALIFYING DISTRIBUTION PORTION ON OR BEFORE DECEMBER 31, 2024, AND TO TREAT ITS RESPECTIVE QUALIFYING DISTRIBUTION PORTION AS A DISTRIBUTION OUT OF CORPUS UNDER SECTION 4942(H)(1)(C) OF THE CODE. TREASURY REGULATION SECTION 1.507-3(A)(5) PROVIDES THAT THE RECORDKEEPING REQUIREMENTS OF SECTION 4942(G)(3)(B) OF THE CODE DO NOT APPLY DURING A PERIOD IN WHICH THE PRIVATE FOUNDATION HAS NO ASSETS. LEGAL 43312 43312 0 TRANSFER OF ASSETS PURSUANT TO LIQUIDATION 60403065 BANK SERVICE CHARGE 15 15 0 TAX REFUND 2809 2809 FAIR MARKET VALUE OF SECURITIES DONATED IN EXCESS OF BOOK VALUE 61930718