WHITCOMB FAMILY FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- WHITCOMB FAMILY FOUNDATION INC (EIN 47-5620198)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-09-25
- IRS object ID
- 202532689349100508
- Schema version
- 2024v5.2
- 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
- Schedule B
- Depreciation Schedule
- Investments Corp Stock Schedule
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-09-25T07:28:45-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 475620198 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Whitcomb Family Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | WHIT | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Elizabeth Whitcomb | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2025-09-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $19,522,652 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $8,125,277 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $22,014 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $22,014 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $427,755 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $427,755 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,085,458 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $27,801,776 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,096,609 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $10,660,504 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,546,378 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $72,242 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $72,242 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $33,332 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $37,871 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $125 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $37,746 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $143,445 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $72,367 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $37,746 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,840,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,840,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,983,445 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $72,367 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,877,746 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $6,677,059 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,474,011 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $495,648 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,156,889 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,156,889 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $12,400,175 | CorporateStockBOYAmt |
| Corporate Stock EOY | $17,415,993 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $17,365,763 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $12,895,823 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,572,882 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $19,522,652 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $12,895,823 | RetainedEarningBOYAmt |
| Retained Earning EOY | $19,572,882 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $12,895,823 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,572,882 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $12,895,823 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $19,572,882 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $12,895,823 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $6,677,059 | ExcessRevenueOverExpensesAmt |
| Subtotal | $19,572,882 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $19,572,882 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $27,801,776 | GrossSalesPriceAmt |
| Cost Or Other Basis | $23,705,167 | CostOrOtherBasisAmt |
| Gain Or Loss | $4,096,609 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $4,096,609 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,096,609 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $62,189 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $62,189 | SubtotalAmt |
| Tax Based On Investment Income | $62,189 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $20,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $43,500 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $63,500 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $1,311 | OverpaymentAmt |
| Applied To ES Tax | $1,311 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | GA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 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 |
|---|---|---|---|---|---|---|---|---|
| Jannah Overcast | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 2.0 | $0 | $0 | $0 |
| Brendan P Whitcomb | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| David A Whitcomb | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec | 1.0 | $0 | $0 | $0 |
| Elizabeth Whitcomb | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir | 10.0 | $0 | $0 | $0 |
| Richard A Whitcomb | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Treas | 1.0 | $0 | $0 | $0 |
| Richard W Whitcomb | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UBS Financial Services | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3560 Lenox Road NE Suite 2800 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30326 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Investment Mgmt | ServiceTypeTxt |
| Compensation | $72,242 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $14,458,255 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,165,080 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,623,335 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,623,335 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $234,350 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,388,985 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $769,449 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $769,449 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $62,189 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $62,189 | TotalTaxAmt |
| Distributable Before Adj | $707,260 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $707,260 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $707,260 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,877,746 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $3,877,746 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $707,260 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $646,011 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $741,566 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $232,600 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $347,552 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $607,596 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,575,325 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,877,746 | QualifyingDistributionsAmt |
| Applied To Current Year | $707,260 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,170,486 | RemainingDistriFromCorpusAmt |
| Total Corpus | $5,745,811 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $646,011 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $5,099,800 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $741,566 | ExcessFromYear4Amt |
| Excess From Year3 | $232,600 | ExcessFromYear3Amt |
| Excess From Year2 | $347,552 | ExcessFromYear2Amt |
| Excess From Year1 | $607,596 | ExcessFromYear1Amt |
| Excess From Current Year | $3,170,486 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Richard A Whitcomb | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (45 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALL SOULS COUNSELING CENTER | |||||||
| 35 ARLINGTON ST | ASHEVILLE | NC | 28801 | N/A | PC | Hurricane Relief | $10,000 |
| ANCHORAGE INC | |||||||
| 162 HAMPTON LN | LEESBURG | GA | 31763 | N/A | PC | Women's Center | $200,000 |
| ANCHORAGE INC | |||||||
| 162 HAMPTON LN | LEESBURG | GA | 31763 | N/A | PC | General & Unrestricted | $60,000 |
| ANGELS AMONG US PET RESCUE INC | |||||||
| PO BOX 821 | ALPHARETTA | GA | 30009 | N/A | PC | General & Unrestricted | $25,000 |
| APPALACHIAN CHILDRENS CENTER INC | |||||||
| 160 SAILORS DR | ELLIJAY | GA | 30540 | N/A | PC | General & Unrestricted | $20,000 |
| ASHEVILLE-BUNCOMBE COMMUNITY CHRISTIAN MINISTRY IN | |||||||
| 1845 BREVARD RD | ARDEN | NC | 28704 | N/A | PC | Restore the Veterans Restoration Quarters | $15,000 |
| BRIGHTSTONE FOUNDATION INC | |||||||
| 446 GREEN ST NE | GAINESVILLE | GA | 30501 | N/A | PC | General & Unrestricted | $30,000 |
| BROTHER WOLF ANIMAL RESCUE INC | |||||||
| PO BOX 8195 | ASHEVILLE | NC | 28814 | N/A | PC | Hurricane Helene Rebuild | $15,000 |
| CENTER FOR PUPPETRY ARTS INC | |||||||
| 1404 SPRING ST NW | ATLANTA | GA | 30309 | N/A | PC | General & Unrestricted | $5,000 |
| CHESTNUT MOUNTAIN RANCH INC | |||||||
| PO BOX 757 | MORGANTOWN | WV | 26507 | N/A | PC | Read 180 | $31,000 |
| COMMUNITIES OVERCOMING VIOLENT ENCOUNTERS INC | |||||||
| 906 E LUDINGTON AVE | LUDINGTON | MI | 49431 | N/A | PC | General & Unrestricted | $32,500 |
| CONNECTIONS HOMES INC | |||||||
| 2555 NORTHWINDS PKWY | ALPHARETTA | GA | 30009 | N/A | PC | General & Unrestricted | $5,000 |
| DAVE KRACHE FOUNDATION INC | |||||||
| 1635 OLD 41 HWY STE 112-236 | KENNESAW | GA | 30152 | N/A | PC | General & Unrestricted | $10,000 |
| EAGLE RANCH INC | |||||||
| 5500 UNION CHURCH RD | FLOWERY BRANCH | GA | 30542 | N/A | PC | General & Unrestricted | $1,025,000 |
| EAGLE RANCH INC | |||||||
| 5500 UNION CHURCH RD | FLOWERY BRANCH | GA | 30542 | N/A | PC | Whitcomb Family Initiatives (Endowment for Therapy Program and Girls Center) | $75,000 |
| EBLEN CHARITIES | |||||||
| 50 WESTGATE PKWY | ASHEVILLE | NC | 28806 | N/A | PC | Hurricane Helene Relief | $10,000 |
| EXTRA SPECIAL PEOPLE INC | |||||||
| 189 VFW DR | WATKINSVILLE | GA | 30677 | N/A | PC | General & Unrestricted | $65,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES | |||||||
| 8701 LEEDS RD | KANSAS CITY | MO | 64129 | N/A | PC | General & Unrestricted | $35,000 |
| FRIENDS TO THE FORLORN PITBULL RESCUE INC | |||||||
| PO BOX 2316 | DALLAS | GA | 30132 | N/A | PC | General & Unrestricted | $25,000 |
| FURKIDS INC | |||||||
| 5235 UNION HILL RD | CUMMING | GA | 30040 | N/A | PC | Cat Shelter Campaign | $33,000 |
| FURKIDS INC | |||||||
| 5235 UNION HILL RD | CUMMING | GA | 30040 | N/A | PC | Three Large Dog Suites in the Dog Shelter | $300,000 |
| FURKIDS INC | |||||||
| 5235 UNION HILL RD | CUMMING | GA | 30040 | N/A | PC | Medical Center Maternity Room | $25,000 |
| GOSHEN VALLEY FOUNDATION INC | |||||||
| 387 GOSHEN CHURCH WAY | WALESKA | GA | 30183 | N/A | PC | General & Unrestricted | $5,000 |
| GROVE CHAPEL MINISTRY INC | |||||||
| 144 LONG LEAF LN | EATONTON | GA | 31024 | N/A | PC | General & Unrestricted | $35,000 |
| HUMANE SOCIETY OF HALL COUNTY | |||||||
| 845 W RIDGE RD | GAINESVILLE | GA | 30501 | N/A | PC | Charitable Event | $25,000 |
| HUMANE SOCIETY OF SARASOTA COUNTY INC | |||||||
| 2331 15TH ST | SARASOTA | FL | 34237 | N/A | PC | Hurricane Recovery Efforts | $15,000 |
| IMMACULATE HEART OF MARY CATHOLIC CHURCH | |||||||
| 2855 BRIARCLIFF RD NE | ATLANTA | GA | 30329 | N/A | PC | Church Renovation | $60,000 |
| IMMACULATE HEART OF MARY CATHOLIC CHURCH | |||||||
| 2855 BRIARCLIFF RD NE | ATLANTA | GA | 30329 | N/A | PC | To support the work led by the Director of Ministries | $15,000 |
| IMMACULATE HEART OF MARY CATHOLIC CHURCH | |||||||
| 2855 BRIARCLIFF RD NE | ATLANTA | GA | 30329 | N/A | PC | Parish Hall | $1,200,000 |
| IMMACULATE HEART OF MARY CATHOLIC CHURCH | |||||||
| 2855 BRIARCLIFF RD NE | ATLANTA | GA | 30329 | N/A | PC | To support work led by the Director of Ministries | $30,000 |
| KIDZ 2 LEADERS INC | |||||||
| 1640 POWERS FERRY ROAD BLDG 15 | MARIETTA | GA | 30067 | N/A | PC | General & Unrestricted | $5,000 |
| KNOX COLLEGE | |||||||
| 2 E SOUTH ST | GALESBURG | IL | 61401 | N/A | PC | General & Unrestricted | $25,000 |
| LIFELINE ANIMAL PROJECT INC | |||||||
| 3180 PRESIDENTIAL AVE | ATLANTA | GA | 30340 | N/A | PC | General & Unrestricted | $33,500 |
| LUDINGTON AREA ARTS COUNCIL | |||||||
| 107 S HARRISON ST | LUDINGTON | MI | 49431 | N/A | PC | General & Unrestricted | $5,000 |
| MICHAELS WAY | |||||||
| 520 W PENNSYLVANIA AVE 4 | FORT WASHINGTON | PA | 19034 | N/A | PC | General & Unrestricted | $105,000 |
| RECLIF COMMUNITY INC | |||||||
| 3200 POINTE PKWY 200 | PEACHTREE CORNERS | GA | 30092 | N/A | PC | General & Unrestricted | $55,000 |
| REFUGE COFFEE INC | |||||||
| 3803 MARKET ST | CLARKSTON | GA | 30021 | N/A | PC | For the capital campaign to renovate catering vehicles | $20,000 |
| SCOTTDALE EARLY LEARNING INC | |||||||
| 479 WARREN AVE | SCOTTDALE | GA | 30079 | N/A | PC | General & Unrestricted | $10,000 |
| SOCIETY OF ST VINCENT DE PAUL GEORGIA INC | |||||||
| 2050-C CHAMBLEE TUCKER RD | ATLANTA | GA | 30341 | N/A | PC | For the Morning of Hope | $20,000 |
| ST PIUS X CATHOLIC HIGH SCHOOL INC | |||||||
| 2674 JOHNSON RD NE | ATLANTA | GA | 30345 | N/A | PC | For the St Pius X Capital Campaign | $35,000 |
| ST THOMAS MORE CATHOLIC CHURCH DECATUR INC | |||||||
| 636 W PONCE DE LEON AVE | DECATUR | GA | 30030 | N/A | PC | Funds to be used for the STM Renewed campaign | $20,000 |
| THE HUNGER AND HEALTH COALITION INC | |||||||
| PO BOX 1837 | BOONE | NC | 28607 | N/A | PC | Hurricane Helene Relief | $15,000 |
| ULTIMATE PEACE INC | |||||||
| 74 EASTWOOD DR | DEERFIELD | IL | 60015 | N/A | PC | General & Unrestricted | $25,000 |
| UPSTREAM ALLIANCE INC | |||||||
| 1867 LINDAMOOR DR | ANNAPOLIS | MD | 21401 | N/A | PC | General & Unrestricted | $10,000 |
| VIGILANT TORCH FOUNDATION | |||||||
| 5680 KING CENTRE DR STE 600 | ALEXANDRIA | VA | 22315 | N/A | PC | General & Unrestricted | $20,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,840,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $22,014 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $427,755 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,085,458 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,535,227 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,535,227 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| Estate of Judene D Reese | |||||||
| 1 | C/O J Reese 5260 Manhasset Cove | Dunwoody | GA | 30338 | $1,734,864 | Yes (X) | |
| Whitcomb Richard A | |||||||
| 2 | 2787 Hawthorne Drive NE | Atlanta | GA | 30345 | $6,390,414 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 2 | APPLE INC AAPL, 1500 sh. | $332,528 | 2024-09-12 |
| 2 | O'SHAUGHNESSY MARKET LEADERS VALUE FD I OFVIX, 99789.964 sh. | $2,366,020 | 2024-11-21 |
| 2 | AMERICAN MUTUAL FUND CL F2 AMRFX, 28842.89 sh. | $1,718,459 | 2024-11-21 |
| 2 | GOLDMAN SACHS GQG PARTNERS INTERNATIONA GSIMX, 91701.05 sh. | $1,973,407 | 2024-11-21 |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (14 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ANGEL OAK MULTI-STRATEGY INCOM | $838,122 | $835,964 |
| FIRST TRUST RISING DIV ACHEIVE | $1,998,966 | $1,990,830 |
| GOLDMAN SACHS GQG PARTNERS INT | $1,894,413 | $1,937,637 |
| INVESCO BULLETSHARES 2025 CORP | $830,863 | $831,658 |
| INVESCO BULLETSHARES 2026 CORP | $830,082 | $831,623 |
| INVESCO BULLETSHARES 2027 CORP | $830,871 | $832,848 |
| INVESCO BULLETSHARES 2028 CORP | $833,021 | $831,872 |
| INVESCO BULLETSHARES 2029 CORP | $795,225 | $795,791 |
| ISHARES MRGST GRO IN | $2,125,076 | $2,016,878 |
| ISHARESLEHMAN 7-10YR | $871,308 | $833,622 |
| VANGUARD INTL HIGH DIV YIELD E | $701,417 | $714,505 |
| VANGUARD S&P 500 ETF | $2,074,105 | $2,087,889 |
| VANGUARD TOTAL BOND MARKET ETF | $838,665 | $831,711 |
| VICTORYSHARES FREE CASH FLOW E | $1,953,859 | $1,992,935 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $3,840,000. This amount represents 25% or more of the Foundation's net assets of $13,812,118 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. | ExplanationTxt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $37,416 | $37,416 | |
| Bank Charges | $125 | $125 | |
| Registered Agent Fee | $300 | $300 | |
| State or Local Filing Fees | $30 | $30 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $72,242 | Amt |
| Net Investment Income | $72,242 | NetInvestmentIncomeAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Estate of Judene D Reese | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O J Reese 5260 Manhasset Cove | AddressLine1Txt |
| City | Dunwoody | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30338 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2024 | $20,000 |
| 990-PF Excise Tax for 2023 | $13,332 |