RED GATES FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- RED GATES FOUNDATION (EIN 30-1201296)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-11
- IRS object ID
- 202443169349101034
- Schema version
- 2023v5.1
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-11T09:11:30-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 541631262 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEITER STEPHENS HURST GARY & SHREAVES | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4401 DOMINION BLVD | AddressLine1Txt |
| City | GLEN ALLEN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23060 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 301201296 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RED GATES FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | REDG | BusinessNameControlTxt |
| Phone | 8046434200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 EAST CANAL ST 1900 | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23219 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEFF GALANTI | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 8046434200 | PhoneNum |
| Signature | 2024-11-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | VIRGINIA R BELCHER | PreparerPersonNm |
| PTIN | P00421964 | PTIN |
| Phone | 8047470000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,367,916,776 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $584,741 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $584,741 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $5,306,872 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $5,306,872 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $29,468,342 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $147,726,572 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $29,468,342 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $2,889,402 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $20,864,027 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $38,249,357 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $56,223,982 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $877,872 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $216,898 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $662,862 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $118,081 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $0 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $81,083 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $8,995 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $72,089 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $88,844 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $978,378 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $912,424 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $11,334 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $3,253,150 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,018,402 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $8,176 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $8,176 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $937,992 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $38,439 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $7,361,978 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,138,317 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $792,900 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $146,858,277 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $71,871,654 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $154,220,255 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,138,317 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $72,664,554 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$115,970,898 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $55,085,665 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $6,409,187 | CashBOYAmt |
| Cash EOY | $4,851,352 | CashEOYAmt |
| Cash EOYFMV | $4,851,352 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $5,053 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $5,070 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $5,070 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $12,378,738 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $13,105,470 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $12,378,738 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $12,378,738 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Other Investments BOY | $1,385,844,702 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,343,052,872 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,343,052,872 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $7,628,744 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $7,628,744 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $1,405,364,412 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,367,916,776 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,367,916,776 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $895,860 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $1,053,032 | AccountsPayableEOYAmt |
| Grants Payable BOY | $73,322,592 | GrantsPayableBOYAmt |
| Grants Payable EOY | $148,305,215 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $59,125,000 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $102,075,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $133,343,452 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $251,433,247 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $1,272,020,960 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $1,116,483,529 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,272,020,960 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,116,483,529 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,405,364,412 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,367,916,776 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,272,020,960 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$115,970,898 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $1,156,050,062 | SubtotalAmt |
| Other Decreases | $39,566,533 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,116,483,529 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (19 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| JP MORGAN 3659 | D | $60,216,541 | $69,339,049 | -$9,122,508 | -$9,122,508 |
| JP MORGAN 3659 | D | $13,011,057 | $1,943,364 | $11,067,693 | $11,067,693 |
| JP MORGAN 3659 | D | $32,895,413 | $24,345,647 | $8,549,766 | $8,549,766 |
| JP MORGAN 3659 | D | $4,044,923 | $654,819 | $3,390,104 | $3,390,104 |
| JP MORGAN 3659 | D | $8,509,002 | $984,198 | $7,524,804 | $7,524,804 |
| JP MORGAN 3659 | D | $2,995,018 | $2,770,485 | $224,533 | $224,533 |
| JP MORGAN 3659 | D | $636,966 | $9,000 | $627,966 | $627,966 |
| JP MORGAN 3659 | D | $19,673,639 | $13,822,880 | $5,850,759 | $5,850,759 |
| JP MORGAN 3659 | D | $4,233,729 | $3,441,510 | $792,219 | $792,219 |
| LITEIDEAS | D | $26,058 | -$26,058 | -$26,058 | |
| MERU BIOTECHNOLIGIES | D | $60,000 | -$60,000 | -$60,000 | |
| MAK FARMLAND | D | $2,727 | -$2,727 | -$2,727 | |
| NCC CHINA A SHARE FUND | D | $808,452 | -$808,452 | -$808,452 | |
| 221 OPT LLC | D | $1,977 | $1,977 | $1,977 | |
| SANDS CAPITAL PG III DC | D | $1,472,005 | $1,472,005 | $1,472,005 | |
| RCC SOUTH ELM PLAZA | D | $13,402 | $13,402 | $13,402 | |
| SANDPIPER HOSPITALITY III | D | $10,500 | -$10,500 | -$10,500 | |
| SANDPIPER HOSPITALITY IV | D | $39,541 | -$39,541 | -$39,541 | |
| CLUBUP LLC | D | $22,900 | $22,900 | $22,900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $29,468,342 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $765,691 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $765,691 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $765,691 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $262,360 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $596,350 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $858,710 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $93,019 | OverpaymentAmt |
| Applied To ES Tax | $93,019 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | VA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | THE ORGANIZATION | IndividualWithBooksNm |
| Phone | 8046434200 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 EAST CANAL STREET SUITE 1900 | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23219 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| WILLIAM H GOODWIN JR | ||||||||
| 800 EAST CANAL STREET SUITE 1900 | RICHMOND | VA | 23219 | CHAIRMAN | 1.00 | $0 | $0 | $0 |
| MATTHEW T GOODWIN | ||||||||
| 800 EAST CANAL STREET SUITE 1900 | RICHMOND | VA | 23219 | VICE CHAIRMAN | 1.00 | $0 | $0 | $0 |
| RICHARD J HIGGERSON | ||||||||
| 800 EAST CANAL STREET SUITE 1900 | RICHMOND | VA | 23219 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| JEFF GALANTI | ||||||||
| 800 E CANAL ST SUITE 1900 | RICHMOND | VA | 23219 | EXECUTIVE DIRECTOR | 40.00 | $471,250 | $59,500 | $0 |
| MARK SMITH | ||||||||
| 800 E CANAL ST SUITE 1900 | RICHMOND | VA | 23219 | DIRECTOR OF INVESTME | 40.00 | $222,872 | $20,551 | $0 |
| STEPHANIE HICKS | ||||||||
| 800 E CANAL ST SUITE 1900 | RICHMOND | VA | 23219 | DIR OF FINANCE AND A | 40.00 | $183,751 | $29,734 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,373,569,064 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $12,795,809 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $13,441,059 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,399,805,932 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,399,805,932 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $20,997,089 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,378,808,843 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $68,940,442 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $68,940,442 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $765,691 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $765,691 | TotalTaxAmt |
| Distributable Before Adj | $68,174,751 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $68,174,751 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $68,174,751 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $72,664,554 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $72,664,554 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $68,174,751 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $72,624,621 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $72,664,554 | QualifyingDistributionsAmt |
| Applied To Year1 | $72,624,621 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $39,933 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $68,134,818 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (26 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ANNA JULIA COOPER SCHOOL | |||||||
| 2100 N 29TH ST | RICHMOND | VA | 23223 | NONE | PC | GENERAL SUPPORT | $187,500 |
| CRISTO REY | |||||||
| 11 EAST ADAMS STREET SUITE 800 | CHICAGO | IL | 60603 | NONE | PC | GENERAL SUPPORT | $600,000 |
| CROSSOVER HEALTHCARE MINISTRY | |||||||
| 8600 QUIOCCASIN RD STE 101 | RICHMOND | VA | 23229 | NONE | PC | GENERAL SUPPORT | $1,000,000 |
| ELIJAH HOUSE ACADEMY | |||||||
| 6627-B JAHNKE ROAD | RICHMOND | VA | 23225 | NONE | PC | GENERAL SUPPORT | $225,000 |
| FOCUSED ULTRASOUND FOUNDATION | |||||||
| 1230 CEDARS CT STE 206 | CHARLOTTESVILLE | VA | 22903 | NONE | PC | GENERAL SUPPORT | $789,371 |
| FIRST TEE GREATER RICHMOND | |||||||
| 100 EVERETT ST STE 3 | RICHMOND | VA | 23224 | NONE | PC | GENERAL SUPPORT | $500,000 |
| UP RVA | |||||||
| 4609 WYTHE AVENUE | RICHMOND | VA | 23226 | NONE | PC | GENERAL SUPPORT | $250,000 |
| COMMONWEALTH FOUNDATION FOR CANCER RESEARCH | |||||||
| 800 E CANAL ST SUITE 1900 | RICHMOND | VA | 23219 | NONE | PC | GENERAL SUPPORT | $47,226,852 |
| LIBERATION VETERAN SERVICES | |||||||
| 1201 HULL ST | RICHMOND | VA | 23224 | NONE | PC | GENERAL SUPPORT | $783,931 |
| NEW SCHOOLS FOR VIRGINIA | |||||||
| 1802 BAYBERRY COURT STE 401 | RICHMOND | VA | 23226 | NONE | PC | GENERAL SUPPORT | $500,000 |
| NORTHSTAR ACADEMY | |||||||
| 11501 NUCKOLS ROAD | GLEN ALLEN | VA | 23059 | NONE | PC | GENERAL SUPPORT | $3,500,000 |
| ST ANDREWS SCHOOL | |||||||
| 227 S CHERRY ST | RICHMOND | VA | 23220 | NONE | PC | GENERAL SUPPORT | $100,000 |
| VANDERBILT UNIVERSITY MEDICAL CENTER | |||||||
| 1211 MEDICAL CENTER DR | NASHVILLE | TN | 37232 | NONE | PC | GENERAL SUPPORT | $1,000,000 |
| VIRGINIA MUSEUM OF HISTORY AND CULTURE | |||||||
| 428 N ARTHUR ASHE BLVD | RICHMOND | VA | 23220 | NONE | PC | GENERAL SUPPORT | $100,000 |
| AMERICAN RED CROSS | |||||||
| 2825 EMERYWOOD PKWY | RICHMOND | VA | 23294 | NONE | PC | GENERAL SUPPORT | $33,000 |
| ST JOSEPH'S VILLA | |||||||
| 8000 BROOK RD | RICHMOND | VA | 23227 | NONE | PC | GENERAL SUPPORT | $250,000 |
| VIRGINIA EARLY CHILDHOOD FOUNDATION | |||||||
| 1703 N PARHAM RD STE 110 | RICHMOND | VA | 23229 | NONE | PC | GENERAL SUPPORT | $20,000 |
| VCU HEALTH NURSING SCHOOL | |||||||
| 1100 E LEIGH ST | RICHMOND | VA | 23298 | NONE | PC | GENERAL SUPPORT | $15,000 |
| CIRQUE LODGE FOUNDATION | |||||||
| 777 N PALISADES DR | OREM | UT | 84097 | NONE | PC | GENERAL SUPPORT | $25,000 |
| COMMUNITY COALITION OF SUSSEX | |||||||
| 9436 MAYES ST | JARRATT | VA | 23867 | NONE | PC | GENERAL SUPPPORT | $50,000 |
| DARDEN SCHOOL | |||||||
| 100 DARDEN BLVD | CHARLOTTESVILLE | VA | 22903 | NONE | PC | GENERAL SUPPORT | $2,036,000 |
| VIRGINIA TECH FOUNDATION | |||||||
| 902 PRICES FORK RD | BLACKSBURG | VA | 24061 | NONE | PC | GENERAL SUPPORT | $12,500,000 |
| JAMES RIVER ASSOCIATION | |||||||
| 16 S 17TH ST STE 100 | RICHMOND | VA | 23219 | NONE | PC | GENERAL SUPPORT | $20,000 |
| SHELTERING ARMS | |||||||
| 8226 MEADOWBRIDGE ROAD | MECHANICSVILLE | VA | 23116 | NONE | PC | GENERAL SUPPPORT | $10,000 |
| SPORTS BACKERS | |||||||
| 100 AVENEU OF CHAMPIONS | RICHMOND | VA | 23230 | NONE | PC | GENERAL SUPPORT | $100,000 |
| SWIMRVA | |||||||
| 5050 RIDGEDALE PARKWAY | RICHMOND | VA | 23234 | NONE | PC | GENERAL SUPPORT | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $71,871,654 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (18 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ANNA JULIA COOPER SCHOOL | |||||||
| 2100 N 29TH ST | RICHMOND | VA | 23223 | NONE | PC | GENERAL SUPPORT | $14,200,000 |
| COMMONWEALTH FOUNDATION FOR CANCER RESEARCH | |||||||
| 800 E CANAL ST SUITE 1900 | RICHMOND | VA | 23219 | NONE | PC | GENERAL SUPPORT | $67,857,167 |
| CIRQUE LODGE FOUNDATION | |||||||
| 777 N PALISADES DR | OREM | UT | 84097 | NONE | PC | GENERAL SUPPORT | $100,000 |
| COMMUNITY COALITION OF SUSSEX | |||||||
| 9436 MAYES ST | JARRATT | VA | 23867 | NONE | PC | GENERAL SUPPORT | $100,000 |
| CROSSOVER HEALTHCARE MINISTRY | |||||||
| 8600 QUIOCCASIN RD STE 101 | RICHMOND | VA | 23229 | NONE | PC | GENERAL SUPPORT | $1,000,000 |
| DARDEN SCHOOL | |||||||
| 100 DARDEN BLVD | CHARLOTTESVILLE | VA | 22903 | NONE | PC | GENERAL SUPPORT | $1,964,000 |
| FIRST TEE GREATER RICHMOND | |||||||
| 100 EVERETT ST STE 3 | RICHMOND | VA | 23224 | NONE | PC | GENERAL SUPPORT | $1,000,000 |
| FRALIN BIOMEDICAL RESEARCH INSTITUTE | |||||||
| 4 RIVERSIDE CIRCLE | ROANOKE | VA | 24016 | NONE | PC | GENERAL SUPPORT | $37,500,000 |
| JAMES RIVER ASSOCIATION | |||||||
| 16 S 17TH ST STE 100 | RICHMOND | VA | 23219 | NONE | PC | GENERAL SUPPORT | $80,000 |
| NEW SCHOOLS FOR VIRGINIA | |||||||
| 1802 BAYBERRY COURT STE 401 | RICHMOND | VA | 23226 | NONE | PC | GENERAL SUPPORT | $1,250,000 |
| NORTHSTAR ACADEMY | |||||||
| 11501 NUCKOLS ROAD | GLEN ALLEN | VA | 23059 | NONE | PC | GENERAL SUPPORT | $1,000,000 |
| PATRICK HENRY SCHOOL OF SCIENCE AND ART | |||||||
| 3411 SEMMES AVE | RICHMOND | VA | 23225 | NONE | PC | GENERAL SUPPORT | $300,000 |
| SPORTS BACKERS | |||||||
| 100 AVENEU OF CHAMPIONS | RICHMOND | VA | 23230 | NONE | PC | GENERAL SUPPORT | $400,000 |
| ST ANDREWS SCHOOL | |||||||
| 227 S CHERRY ST | RICHMOND | VA | 23220 | NONE | PC | GENERAL SUPPORT | $400,000 |
| SWIMRVA | |||||||
| 5050 RIDGEDALE PARKWAY | RICHMOND | VA | 23234 | NONE | PC | GENERAL SUPPORT | $200,000 |
| THE VIRGINIA HOME | |||||||
| 1101 HAMPTON ST | RICHMOND | VA | 23220 | NONE | PC | GENERAL SUPPORT | $25,000,000 |
| VANDERBILT UNIVERSITY MEDICAL CENTER | |||||||
| 1211 MEDICAL CENTER DR | NASHVILLE | TN | 37232 | NONE | PC | GENERAL SUPPORT | $4,000,000 |
| VIRGINIA MUSEUM OF HISTORY AND CULTURE | |||||||
| 428 N ARTHUR ASHE BLVD | RICHMOND | VA | 23220 | NONE | PC | GENERAL SUPPORT | $400,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $156,751,167 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $584,741 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,306,872 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,889,402 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $29,468,342 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $38,249,357 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $38,249,357 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $88,844 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MARKETABLE SECURITIES | FMV | $536,450,561 | $536,450,561 |
| PRIVATE EQUITY INVESTMENTS | FMV | $25,328,863 | $25,328,863 |
| REAL ESTATE | FMV | $1,390,000 | $1,390,000 |
| INVESTMENTS MEASURED AT NAV | FMV | $779,883,448 | $779,883,448 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $81,083 | LegalFeesAmt |
| Net Investment Income | $8,995 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $72,089 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| REDEMPTIONS RECEIVABLE | $7,439,222 | $7,439,222 |
| OTHER ASSETS | $189,522 | $189,522 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAINS/LOSSES | $10,661,197 |
| REALIZED GAINS NOT RECORDED ON BOOKS | $28,905,336 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADMINSTRATIVE EXPENSES | $34,644 | $0 | $38,439 |
| INSURANCE | $5,443 | $0 | $0 |
| BAD DEBT EXPENSE | $897,905 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INCOME FROM PASSTHROUGH ENTITIES | Desc |
| Revenue And Expenses Per Books | $2,889,402 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $20,864,027 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,889,402 | AdjustedNetIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| OTHER CURRENT LIABILITIES | $5,050,000 | $0 |
| LINE OF CREDIT | $54,075,000 | $102,075,000 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $905,690 | $851,396 | $0 |
| OTHER PROFESSIONAL FEES | $72,688 | $61,028 | $11,334 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ESTATE OF WILLIAM HGOODWIN III | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 EAST CANAL ST | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23219 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAXES | $974,865 | $0 | $0 |
| PAYROLL TAXES | $43,537 | $0 | $0 |
Comments