PAUL AND MARGARET PORTER CHARITABLE FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- PAUL AND MARGARET PORTER CHARITABLE FOUNDATION (EIN 59-1750571)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-08-24
- IRS object ID
- 202202369349100815
- Schema version
- 2021v4.2
- 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 Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-08-24T13:36:07-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561434747 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREERWALKER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 227 WEST TRADE ST SUITE 1100 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 591750571 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PAUL AND MARGARET PORTER | BusinessNameLine1Txt |
| Business Name Line2 | CHARITABLE FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PAUL | BusinessNameControlTxt |
| Phone | 7043628203 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6100 FAIRVIEW ROAD 9TH FLOOR | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28210 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | J WILLIAM PORTER | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 7043628203 | PhoneNum |
| Signature | 2022-07-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | J | PersonFirstNm |
| Person Last | WILLIAM PORTER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PAULA P TILLEY | PreparerPersonNm |
| PTIN | P00051456 | PTIN |
| Phone | 7043770239 | PhoneNum |
| Preparation | 2022-07-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $8,507,506 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
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 | $64 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $64 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $151,929 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $151,929 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $652,666 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,612,964 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $652,666 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $43,381 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $72 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $848,040 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $804,731 | 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 |
| Accounting Fees Rev And Expnss | $26,775 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $23,708 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $81,577 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $61,164 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $20,413 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $6,961 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,084 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $10,830 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $5,415 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,415 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,907 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,531 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $128,050 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $67,663 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $51,067 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $333,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $333,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $461,050 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $67,663 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $384,067 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $386,990 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $737,068 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $146,284 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $173,785 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $173,785 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $5,771,022 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,089,588 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $7,957,794 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $48,530 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $86,666 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $375,927 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $5,965,836 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,350,039 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $8,507,506 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $5,965,836 | RetainedEarningBOYAmt |
| Retained Earning EOY | $6,350,039 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $5,965,836 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,350,039 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $5,965,836 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,350,039 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $5,965,836 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $386,990 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $6,352,826 | SubtotalAmt |
| Other Decreases | $2,787 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $6,350,039 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| UBS #1535 | P | $202,338 | $194,484 | $7,854 | $7,854 |
| UBS #1536 | P | $79,461 | $57,143 | $22,318 | $22,318 |
| UBS #1537 | P | $1,047,087 | $881,320 | $165,767 | $165,767 |
| UBS #1535 | P | $262,704 | $253,242 | $9,462 | $9,462 |
| UBS #1536 | P | $508,029 | $280,506 | $227,523 | $227,523 |
| UBS #1537 | P | $477,660 | $293,603 | $184,057 | $184,057 |
| CAPITAL GAINS DIVIDENDS | P | $35,685 | $35,685 | $35,685 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $652,666 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $10,245 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $10,245 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $10,245 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,440 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $16,500 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $20,940 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $10,695 | OverpaymentAmt |
| Applied To ES Tax | $10,695 | 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 | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | PORTERFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | MITCHELL WICKHAM | IndividualWithBooksNm |
| Phone | 7043628203 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6100 FAIRVIEW ROAD 9TH FLOOR | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28210 | 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 | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| ELLEN PORTER WARLICK | ||||||||
| 401 S TRYON STREET SUITE 3000 | CHARLOTTE | NC | 28202 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| PATRICIA PORTER TAYLOR | ||||||||
| 401 S TRYON STREET SUITE 3000 | CHARLOTTE | NC | 28202 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| SCOTT PORTER | ||||||||
| 401 S TRYON STREET SUITE 3000 | CHARLOTTE | NC | 28202 | TREASURER | 1.00 | $0 | $0 | $0 |
| J WILLIAM PORTER | ||||||||
| 401 S TRYON STREET SUITE 3000 | CHARLOTTE | NC | 28202 | SECRETARY | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UBS FINANCIAL SERVICES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6100 FAIRVIEW ROAD 9TH FLOOR | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT/ADVISORY | ServiceTypeTxt |
| Compensation | $81,577 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $7,921,246 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $157,842 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $375,633 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $8,454,721 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $8,454,721 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $126,821 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $8,327,900 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $416,395 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $416,395 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,245 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $1,382 | IncomeTaxAmt |
| Total Tax | $11,627 | TotalTaxAmt |
| Distributable Before Adj | $404,768 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $404,768 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $404,768 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $384,067 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $384,067 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $404,768 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $299,509 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $384,067 | QualifyingDistributionsAmt |
| Applied To Year1 | $299,509 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $84,558 | 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 | $320,210 | 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
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | MITCHELL WICKHAM | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6100 FAIRVIEW ROAD 9TH FLOOR | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7043628203 | RecipientPhoneNum |
| Recipient Email Address | MITCHELL.WICKHAM@UBS.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | APPLICANTS MUST COMPLETE AN ONLINE APPLICATION. IN ADDITION, APPLICANTS MUST SUBMIT BY E-MAIL THE FOLLOWING MATERIALS: A COVER LETTER OUTLINING THE REQUEST FOR SUPPORT, SIGNED BY THE ORGANIZATION'S LEADERSHIP, THE OPERATING BUDGET FOR THE CURRENT FISCAL YEAR, INCLUDING SOURCES OF SUPPORT, A LIST OF DIRECTORS OR TRUSTEES AND THEIR AFFILIATIONS, A BRIEF BIOGRAPHY OF THE EXECUTIVE DIRECTOR, A COPY OF THE IRS 501(C)(3) DETERMINATION LETTER | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | OCTOBER 1ST OF EACH YEAR | SubmissionDeadlinesTxt |
| Restrictions On Awards | ORGANIZATIONS THAT APPLY FOR FUNDING FROM THE PORTER FOUNDATION MUST BE CLASSIFIED AS PUBLIC CHARITIES AND TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. THE PORTER FOUNDATION WILL PRIORITIZE SUPPORT FOR EFFORTS THAT PROVIDE K-12 EDUCATION, SOCIAL SERVICES AND MEDICAL AND PALLIATIVE CARE. PROGRAMS OR PROJECTS OF PARTICULAR INTEREST ARE THOSE FOCUSED ON IMPROVING THE QUALITY OF EDUCATION, MEETING BASIC HUMANITARIAN NEEDS, AND ENSURING COMPASSIONATE CARE FOR THE ELDERLY. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (30 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| BLUE RIDGE CONSERVANCY | ||||||
| PO BOX 568 | BOONE | NC | 28607 | PC | MIDDLE FORK GREENWAY PROJECT | $2,500 |
| BLOWING ROCK METHODIST CHURCH | ||||||
| 2600 HAMPTON AVE | CHARLOTTE | NC | 28207 | PC | OPERATIONS | $2,500 |
| BOYS AND GIRLS CLUB OF CLEVELAND COUNTY INC | ||||||
| PO BOX 2001 | SHELBY | NC | 281512001 | PC | SUPPORT AN INCREASE TO THE NUMBER OF KIDS SERVED | $25,000 |
| BREVARD COLLEGE | ||||||
| ONE BREVARD COLLEGE | BREVARD | NC | 28712 | PC | ENDOWMENT | $50,000 |
| CENTRAL UNITED METHODIST CHURCH | ||||||
| 200 E MARION ST | SHELBY | NC | 28150 | PC | OPERATIONS | $10,000 |
| CHILDREN'S HOME OF CLEVELAND COUNTY INC | ||||||
| 1300 GIDNEY ST SUITE C | SHELBY | NC | 28150 | PC | EXPAND THE TRANSITIONAL & INDEPENDENT LIVING PROGRAM | $15,000 |
| CLEVELAND COUNTY ABUSE PREVENTION COUNCIL INC | ||||||
| PO BOX 2589 | SHELBY | NC | 281512589 | PC | TELE-MEDICINE SERVICES | $5,000 |
| CLEVELAND COUNTY FAMILY YMCA INC | ||||||
| 3005 LONGWOOD DR | SHELBY | NC | 28152 | PC | FIRST TEE OF THE FOOTHILLS PROGRAM AND FACILITIES | $15,000 |
| CLEVELAND COUNTY POTATO PROJECT INC | ||||||
| 107 QUAIL HOLLOW DRIVE | KINGS MOUNTAIN | NC | 28026 | PC | OPERATIONS | $5,000 |
| CLEVELAND COUNTY SCHOOLS EDUCATIONAL FOUNDATION INC | ||||||
| 400 WEST MARION STREET | SHELBY | NC | 28150 | PC | SENIORS SCHOLAR AWARDS PROGRAM | $10,000 |
| COMMUNITY MATH ACADEMY | ||||||
| PO BOX 687 | SHELBY | NC | 28151 | PC | OPERATIONS | $20,000 |
| CROSSROADS RESCUE MISSION | ||||||
| 206 MT SINAI CHURCH ROAD | SHELBY | NC | 28152 | PC | MEDICAL, DENTAL, AND HEALTHCARE SERVICES FOR RESIDENTS | $5,000 |
| CURE JM FOUNDATION | ||||||
| 19309 WINMEADE DRIVE STE 204 | LEESBURG | VA | 20176 | PC | FIVE EDUCATIONAL FAMILY WEBINARS | $5,000 |
| FIRST UNITED METHODIST CHURCH OF CHARLOTTESVILLE | ||||||
| 101 E JEFFERSON STREET | CHARLOTTESVILLE | VA | 22902 | PC | WOODBROOK GRAB A BAG PROGRAM | $2,000 |
| JEFFERSON AREA BOARD FOR AGING INC | ||||||
| 674 HILLDALE DRIVE STE 9 | CHARLOTTESVILLE | VA | 22901 | PC | OPERATIONS | $5,000 |
| LIFE ENRICHMENT CENTER OF CLEVELAND COUNTY INC | ||||||
| 110 LIFE ENRICHMENT BLVD | SHELBY | NC | 281503689 | PC | OPERATIONS | $30,000 |
| LOAVES & FISHES FOOD PANTRY | ||||||
| 2050 LAMBS ROAD | CHARLOTTESVILLE | VA | 22901 | PC | NUTRITION EDUCATION | $10,000 |
| LYNC8 PROJECT CORP | ||||||
| 127 JOYCE STREET | HARRODSBURG | KY | 40330 | PC | MATERIALS & RENOVATION | $5,000 |
| MENTAL HEALTH ASSOCIATION OF CLEVELAND COUNTY | ||||||
| PO BOX 623 | SHELBY | NC | 28151 | PC | OPERATIONS | $10,000 |
| MYERS PARK UNITED METHODIST CHURCH | ||||||
| 1501 QUEENS RD | CHARLOTTE | NC | 28207 | PC | BUILDING FUND CAMPAIGN | $5,000 |
| SOUTH MOUNTAIN CHRISTIAN YOUTH CAMP INC | ||||||
| PO BOX 9 | BOSTIC | NC | 28018 | PC | CAMP SCHOLARSHPS | $3,000 |
| SPREAD THE HEALTH INC | ||||||
| 2310 CHANCELLOR ROAD | RICHMOND | VA | 232352714 | PC | SALARY OF NURSE MIDWIFE, SCHOOL SUPPLIES FOR MEDICAL STUDENT, AND SOLAR POWER SYSTEM | $20,000 |
| THE LEARNING COLLABORATIVE | ||||||
| PO BOX 220488 | CHARLOTTE | NC | 28222 | PC | GROWING EARLY LEARNERS PRESCHOOL CLASSROOM PROGRAM | $10,000 |
| THE SALVATION ARMY - CLEVELAND COUNTY | ||||||
| PO BOX 1764 | SHELBY | NC | 28150 | PC | EMPTY STOCKING FUND IN MEMORY OF PAUL AND MARGARET PORTER | $10,000 |
| THE UVA FUND | ||||||
| PO BOX 400314 | CHARLOTTESVILLE | VA | 22904 | PC | CHILDREN'S HEART FAMILY FUND | $5,000 |
| TRAILHEAD LIMITED | ||||||
| 922 SURREY DR | SHELBY | NC | 28152 | PC | EMERGENCY MEN'S SHELTER FOR WINTER 2021 - 2022 | $5,000 |
| UMCOR | ||||||
| 458 PONCE DE LEON AVE | ATLANTA | GA | 30308 | PC | INTERNATIONAL DISASTER RELIEF AND DISASTER RESPONSE FUND | $20,000 |
| UMCOR | ||||||
| 458 PONCE DE LEON AVE | ATLANTA | GA | 30308 | PC | US DISASTER RESPONSE FOR WESTERN KY TORNADO RELIEF | $10,000 |
| UNIVERSITY VIRGINIA HEALTH FOUNDATION | ||||||
| PO BOX 800773 | CHARLOTTESVILLE | VA | 22908 | PC | OPERATIONS | $3,000 |
| WASHINGTON OUTREACH MINISTRY | ||||||
| PO BOX 507 | WACO | NC | 28169 | PC | RESTOCKING EMERGENCY FOOD PANTRY, SUMMER FEEDING PROGRAM, AND BACKPACKS | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $333,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $64 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $151,929 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 721110 | BusinessCd |
| Unrelated Business Taxbl Incm | $43,309 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $72 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $652,666 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $43,309 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $804,731 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $848,040 | 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 FEES | CategoryTxt |
| Amt | $26,775 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $23,708 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| UBS 1535 | $2,188,338 | $2,174,105 |
| UBS 1536 | $2,048,466 | $3,469,934 |
| UBS 1537 | $1,852,784 | $2,313,755 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ALBEMARLE ROAD LLC | AT COST | $5,761 | $8,820 |
| BELMONT #1 | AT COST | $54,369 | $96,469 |
| I-85 | AT COST | $18,958 | $28,733 |
| SANDESTIN BEACH HOTEL LTD | AT COST | $7,578 | $241,905 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENTS - CORPORATE STOCK BOOK-TAX BASIS ADJUSTMENT | Desc |
| Amt | $2,787 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| WEBSITE EXPENSE | $31 | $0 | $31 |
| GUIDESTAR | $1,500 | $0 | $1,500 |
| FROM K-1 SANDESTIN | $376 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| FROM K-1 - ALBEMARLE ROAD | $2 | $2 | $2 |
| FROM K-1 - I-85 HIGHWAY | $9 | $9 | $9 |
| FROM K-1 - SANDESTIN | $43,309 | $0 | $43,309 |
| LITIGATION SETTLEMENT INCOME | $61 | $61 | $61 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES 1535 | $16,517 | $16,517 | $0 |
| INVESTMENT FEES 1536 | $26,905 | $26,905 | $0 |
| INVESTMENT FEES 1537 | $17,742 | $17,742 | $0 |
| ADVISORY FEES | $20,388 | $0 | $20,388 |
| BANK FEES | $25 | $0 | $25 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INCOME TAX | $5,877 | $0 | $0 |
| FOREIGN TAXES 1535 | $3 | $3 | $0 |
| FOREIGN TAXES 1536 | $1,009 | $1,009 | $0 |
| FOREIGN TAXES 1537 | $72 | $72 | $0 |
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