THE MDC FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE MDC FOUNDATION (EIN 46-1550838)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-01-31
IRS object ID
202230319349100213
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-01-31T12:46:55-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN112461669PreparerFirmEIN

Preparer Firm Name PreparerFirmName

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

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1230 COURT SQUARE SUITE 101AddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22902ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461550838EIN

Business Name BusinessName

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

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDUPRE COCHRANPersonNm
Person TitleSECRETARY/VPPersonTitleTxt
Phone4349774420PhoneNum
Signature2022-01-27SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDUPREPersonFirstNm
Person LastCOCHRANPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVAN KWIATKOWSKIPreparerPersonNm
PTINP01509799PTIN
Phone4349774420PhoneNum
Preparation2022-01-31PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$5,065,476FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$91,349DividendsRevAndExpnssAmt
Dividends Net Invst Incm$91,349DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$198,214NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$484,581GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$198,214CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$289,563TotalRevAndExpnssAmt
Total Net Invst Incm$289,563TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$5,000AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$10,774OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$10,774OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$3,900TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$19,674TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,774TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$144,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$144,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$163,674TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,774TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$144,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$125,889ExcessRevenueOverExpensesAmt
Net Investment Income$278,789NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$21,183CashBOYAmt
Cash EOY$5,694CashEOYAmt
Cash EOYFMV$5,694CashEOYFMVAmt
US Government Obligations BOY$241,293USGovernmentObligationsBOYAmt
US Government Obligations EOY$204,307USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$204,307USGovtObligationsEOYFMVAmt
Corporate Stock BOY$3,724,297CorporateStockBOYAmt
Corporate Stock EOY$4,713,777CorporateStockEOYAmt
Corporate Stock EOYFMV$4,713,777CorporateStockEOYFMVAmt
Corporate Bonds BOY$106,490CorporateBondsBOYAmt
Corporate Bonds EOY$136,570CorporateBondsEOYAmt
Corporate Bonds EOYFMV$136,570CorporateBondsEOYFMVAmt
Other Assets BOY$9,099OtherAssetsBOYAmt
Other Assets EOY$5,128OtherAssetsEOYAmt
Other Assets EOYFMV$5,128OtherAssetsEOYFMVAmt
Total Assets BOY$4,102,362TotalAssetsBOYAmt
Total Assets EOY$5,065,476TotalAssetsEOYAmt
Total Assets EOYFMV$5,065,476TotalAssetsEOYFMVAmt
Accounts Payable BOY$5,000AccountsPayableBOYAmt
Accounts Payable EOY$5,000AccountsPayableEOYAmt
Total Liabilities BOY$5,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,000TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$4,097,362RetainedEarningBOYAmt
Retained Earning EOY$5,060,476RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,097,362TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,060,476TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,102,362TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,065,476TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,097,362TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$125,889ExcessRevenueOverExpensesAmt
Other Increases$837,225OtherIncreasesAmt
Subtotal$5,060,476SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,060,476TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP$435,951$247,206$188,745$188,745
PUBLICLY TRADED SECURITIESP$34,259$39,161-$4,902-$4,902
FieldValueIRS element (for citing)
Capital Gain Net Income$198,214CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,875InvestmentIncomeExciseTaxAmt
Subtotal$3,875SubtotalAmt
Tax Based On Investment Income$3,875TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,989EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,989TotalPaymentsAndCreditsAmt
Overpayment$1,114OverpaymentAmt
Applied To ES Tax$1,114AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

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

Location Of Books US Address LocationOfBooksUSAddress

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

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DUPRE COCHRAN
C/O SILVERCREST 230 COURT SQUARECHARLOTTESVILLEVA22902SECRETARY/VP0.10$0$0$0
LEE S COCHRAN
C/O SILVERCREST 230 COURT SQUARECHARLOTTESVILLEVA22902DIRECTOR0.10$0$0$0
E PEYTON COCHRAN
C/O SILVERCREST 230 COURT SQUARECHARLOTTESVILLEVA22902DIRECTOR0.10$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

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

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$4,569,950AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$96,958AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$5,369FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,672,277TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$4,672,277AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$70,084CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,602,193NetVlNoncharitableAssetsAmt
Minimum Investment Return$230,110MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$230,110MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,875TaxBasedOnInvestmentIncomeAmt
Total Tax$3,875TotalTaxAmt
Distributable Before Adj$226,235DistributableBeforeAdjAmt
Distributable Before Ded$226,235DistributableBeforeDedAmt
Distributable As Adjusted$226,235DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$144,000ExpensesAndContributionsAmt
Qualifying Distributions$144,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$226,235DistributableAsAdjustedAmt
Undistributed Income PY$42,047UndistributedIncomePYAmt
Qualifying Distributions$144,000QualifyingDistributionsAmt
Applied To Year1$42,047AppliedToYear1Amt
Applied To Current Year$101,953AppliedToCurrentYearAmt
Undistributed Income CY$124,282UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICARES
88 HAMILTON AVENUESTAMFORDCT06902NONEPUBLICGENERAL$1,000
BOTTOM LINE
44 COURT ST STE 300BROOKLYNNY11201NONEPUBLICGENERAL$5,000
CENTRAL PARK CONSERVANCY
14 E 60TH STREETNEW YORKNY10022NONEPUBLICGENERAL$5,000
COALITION FOR THE HOMELESS
129 FULTON STREETNEW YORKNY10038NONEPUBLICGENERAL$2,500
COLLEGE OF CHARLESTON FOUNDATION
66 GEORGE STREETCHARLESTONSC29424NONEPUBLICGENERAL$6,000
FRIENDS OF JAMES RIVER PARK
PO BOX 1163RICHMONDVA23218NONEPUBLICGENERAL$3,000
FUTURE 5
135 ATLANTIC AVENUESTAMFORDCT06901NONEPUBLICGENERAL$5,000
HARLEM ACADEMY
655 ST NICHOLAS AVENUENEW YORKNY10030NONEPUBLICGENERAL$5,000
HORIZONS NATIONAL
120 POST ROAD W STE 202WESTPORTCT06680NONEPUBLICGENERAL$10,000
HOSPITAL FOR SPECIAL SURGERY
535 EAST 70TH STREETNEW YORKNY10021NONEPUBLICGENERAL$5,000
JEFFERSON SCHOLARS FOUNDATION
112 CLARKE COURTCHARLOTTESVILLEVA22903NONEPUBLICGENERAL$20,000
MT SINAI HOSPITAL
ONE GUSTAVE L LEVY PLACENEW YORKNY10029NONEPUBLICGENERAL$50,000
RISING STARR HORSE RESCUE
93 SILVER SPRING RDWILTONCT06897NONEPUBLICGENERAL$2,000
ST MARK'S EPISCOPAL CHURCH
111 OENOKE RIDGENEW CANAANCT06840NONEPUBLICGENERAL$20,000
STAUNTON AUGUSTA ART CENTER
20 SOUTH NEW STREETSTAUNTONVA24401NONEPUBLICGENERAL$2,000
THE OPPORTUNITY NETWORK
85 BROAD STREET 6TH FLNEW YORKNY10004NONEPUBLICGENERAL$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$144,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$91,349ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$198,214ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$289,563ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$289,563TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$5,000Amt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondVARIOUS CORPORATE BONDSBondNm
EOY Book Value$136,570EOYBookValueAmt
EOYFMV$136,570EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
VARIOUS CORPORATE STOCK$4,409,930$4,409,930
MUTUAL FUNDS$303,847$303,847

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$204,307USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$204,307USGovtObligationsEOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ACCRUED INTEREST & DIVIDENDS$4,110$4,014$4,014
FEDERAL EXCISE TAX RECEIVABLE$4,989$1,114$1,114

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN/LOSS ON INVESTMENTSDesc
Amt$837,225Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT ADVISORYCategoryTxt
Amt$10,774Amt
Net Investment Income$10,774NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL EXCISE TAX$3,875
OTHER$25

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