FREDRICK D AND KAREN G SCHAUFELD FAMILY FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- FREDRICK D AND KAREN G SCHAUFELD FAMILY FOUNDATION (EIN 46-1558417)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-14
- IRS object ID
- 202523189349100907
- 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
- Accounting Fees 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 | 2025-11-14T07:21:47-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 204831046 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAIR ISLE ADVISORS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1101 NORWALK STREET | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27407 | 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 | 461558417 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FREDRICK D & KAREN G SCHAUFELD FAMILY | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FRED | BusinessNameControlTxt |
| Phone | 3364822444 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1101 NORWALK STREET | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27407 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FREDRICK D SCHAUFELD | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3364822444 | PhoneNum |
| Signature | 2025-11-13 | 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 | LESLIE L ANDERSON | PreparerPersonNm |
| PTIN | P00021396 | PTIN |
| Phone | 3364822444 | PhoneNum |
| Preparation | 2025-11-13 | PreparationDt |
| 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 | $4,701,386 | 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 | $2,005,560 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $564 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $564 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $73,969 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $73,969 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,580,736 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,650,143 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,580,736 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $11,666 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $11,666 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $6,672,495 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,666,935 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $154,596 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $154,596 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $20,160 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $20,160 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $62,345 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $27,365 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $34,980 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $36,000 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $37,344 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $127 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $37,217 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $310,445 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $27,492 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $246,953 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,809,293 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,809,293 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,119,738 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $27,492 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,056,246 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,552,757 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,639,443 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $916,876 | CashBOYAmt |
| Cash EOY | $582,908 | CashEOYAmt |
| Cash EOYFMV | $582,908 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $8,455 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,874,904 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,874,904 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $1,394,224 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,477,562 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,243,574 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $2,319,555 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,935,374 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,701,386 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $2,319,555 | CapitalStockBOYAmt |
| Capital Stock EOY | $3,935,374 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,319,555 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,935,374 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,319,555 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,935,374 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,319,555 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,552,757 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $5,872,312 | SubtotalAmt |
| Other Decreases | $1,936,938 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,935,374 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITY | 2024-02-28 | 2024-08-26 | $4,528,319 | $46,591 | $4,481,728 | $4,481,728 | |
| K-1: SWAN & LEGEND FUND II LP | $121,824 | $121,824 | $121,824 | P | |||
| K-1: GLOBAL VOLATILITY VOYAGEUR, LP | $22,816 | -$22,816 | -$22,816 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,580,736 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $64,488 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $64,488 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $64,488 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $24,099 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $70,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $94,099 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $36 | EsPenaltyAmt |
| Overpayment | $29,575 | OverpaymentAmt |
| Applied To ES Tax | $29,575 | 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 | DE | 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 | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAIR ISLE ADVISORS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3364822444 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1101 NORWALK ST | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27407 | 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 |
|---|---|---|---|---|---|---|---|---|
| FREDRICK D SCHAUFELD | ||||||||
| 1101 NORWALK ST | GREENSBORO | NC | 27407 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| KAREN G SCHAUFELD | ||||||||
| 1101 NORWALK ST | GREENSBORO | NC | 27407 | SECRETARY | 2.00 | $0 | $0 | $0 |
| MAX SCHAUFELD | ||||||||
| 1101 NORWALK ST | GREENSBORO | NC | 27407 | TREASURER | 2.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SANDRA B MAHONEY | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1101 NORWALK ST | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27407 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | EXECUTIVE DIRECTOR | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $154,596 | CompensationAmt |
| Employee Benefits | $0 | EmployeeBenefitsAmt |
| Expense Account | $0 | ExpenseAccountAmt |
| 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 | $2,827,630 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $287,390 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,286,610 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,401,630 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $5,401,630 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $81,024 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,320,606 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $266,030 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $266,030 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $64,488 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $64,488 | TotalTaxAmt |
| Distributable Before Adj | $201,542 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $201,542 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $201,542 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,056,246 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,056,246 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $201,542 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,841,963 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,547,822 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $3,531,758 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $2,846,338 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,530,407 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $13,298,288 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,056,246 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $201,542 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $2,854,704 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $16,152,992 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $1,841,963 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $14,311,029 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,547,822 | ExcessFromYear4Amt |
| Excess From Year3 | $3,531,758 | ExcessFromYear3Amt |
| Excess From Year2 | $2,846,338 | ExcessFromYear2Amt |
| Excess From Year1 | $2,530,407 | ExcessFromYear1Amt |
| Excess From Current Year | $2,854,704 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | FREDRICK D SCHAUFELD | ContributingManagerNm |
| Contributing Manager | KAREN G SCHAUFELD | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (40 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| ALL AGES READ TOGETHER (AART) | ||||||||
| 16007 FIRELY HILL LANE | LEESBURG | VA | 20176 | NONE | PC | SUPPORT FOR EDUCATION - SPONSORSHIP OF SITE OFFERING A COMPLETELY FREE PRESCHOOL EXPERIENCE FOR FAMILIES WHO WOULD OTHERWISE GO WITHOUT. | $47,187 | |
| CHABAD AT LEHIGH UNIVERSITY | ||||||||
| 727 EVANS STREET | BETHLEHEM | PA | 18015 | NONE | PC | SUPPORT FOR PROGRAMS FOCUSING ON THE SPIRITUAL AND SOCIAL NEEDS OF LEHIGH UNIVERISTY'S JEWISH STUDENTS | $25,000 | |
| CHILDREN'S HOSPITAL LOS ANGELES | ||||||||
| 4650 SUNSET BLVD | LOS ANGELES | CA | 90027 | NONE | PC | GOFARR FUNFEST SPONSORSHIP | $15,000 | |
| COMMUNITY FOUNDATION FOR LOUDOUN & N FAUQUIER | ||||||||
| 163 FORT EVANS ROAD NE 130 | LEESBURG | VA | 20176 | NONE | PC | SUPPORT FOR OPERATIONS AND PROGRAMS - LOUDOUN IMPACT FUND | $33,500 | |
| COMMUNITY FOUNDATION OF NORTHERN VIRGINIA | ||||||||
| 2940 HUNTER MILL ROAD SUITE 201 | OAKTON | VA | 22124 | NONE | PC | COMMUNITY GRANTS AND SCHOLARSHIPS | $3,000 | |
| DC BAR FOUNDATION | ||||||||
| 200 MASSACHUSETTS AVE SUITE 700 | WASHINGTON | DC | 20001 | NONE | PC | FUND, SUPPORT, AND IMPROVE LEGAL REPRESENTATION OF PEOPLE WHO ARE FINANCIALLY DISENFRANCHISED OR WHO ARE OTHERWISE UNDERSERVED IN DC | $1,000 | |
| DECESARIS-PROUT CANCER FOUNDATION | ||||||||
| PO BOX 6089 | ANNAPOLIS | MD | 21401 | NONE | PC | FUNDING FOR RESEARCH ON LUNG AND OVARIAN CANCER | $10,000 | |
| ECOAMERICA | ||||||||
| 1730 RHODE ISLAND AVE NW SUITE 200 | WASHINGTON | DC | 20036 | NONE | PC | SUPPORT FOR CLIMATE SOLUTIONS IN THE UNITED STATES | $11,000 | |
| GEORGE WASHINGTON UNIVERSITY | ||||||||
| 2000 H ST NW | WASHINGTON | DC | 20052 | NONE | PC | SUPPORT FOR EDUCATIONAL PROGRAMS | $1,000 | |
| INOVA HEALTH FOUNDATION | ||||||||
| 8095 INNOVATION PARK DRIVE | FAIRFAX | VA | 22031 | NONE | PC | SUPPORT OPERATIONS TO DELIVER EXCEPTIONAL HEALTHCARE TO THE COMMUNITY | $1,000 | |
| JOHNS HOPKINS MEDICINE | ||||||||
| 600 N WOLFE STREET CMSC 130 | BALTIMORE | MD | 21287 | NONE | PC | SUPPORT TO CURE FOR PROSTATE CANCER IN BLACK MEN | $1,000,000 | |
| LEAGUE OF WOMEN VOTERS EDUCATION FUND | ||||||||
| 1233 20TH STREET NW SUITE 500 | WASHINGTON | DC | 20036 | NONE | PC | SUPPORT TO REGISTER AND PROVIDE VOTERS WITH ELECTION INFORMATION THROUGH ELECTION RESOURCE VOTE411.ORG | $100 | |
| LEHIGH UNIVERSITY | ||||||||
| 27 MEMORIAL DRIVE WEST | BETHLEHEM | PA | 18016 | NONE | PC | FUND A PEER-MENTORING PROGRAM PROVIDING GUIDANCE AND SUPPORT TO FIRST YEAR STUDENTS | $100,000 | |
| LEONARD EDUCATION ORGANIZATION INC | ||||||||
| PO BOX 504 | BUENA VISTA | VA | 24416 | NONE | PC | SUPPORT PROGRAM PROVIDING THE BEST POSSIBLE EDUCATION FOR EACH QUALIFIED STUDENT | $10,000 | |
| LOUDOUN LAURELS FOUNDATION | ||||||||
| PO BOX 183 | LEESBURG | VA | 20178 | NONE | PC | GALA SPONSPORSHIP TO SUPPORT ACADEMIC SCHOLARSHIP OF LOUDOUN COUNTY PUBLIC SCHOOL STUDENTS | $21,900 | |
| LOUDOUN WILDLIFE CONSERVANCY | ||||||||
| 17263 SOUTHERN PLANTER LN | LEESBURG | VA | 20176 | NONE | PC | SUPPORT FOR OPERATIONS TO PROTECT, PRESERVE AND RESTORE WILDLIFE HABITAT | $250 | |
| MIDDLEBURG FILM FESTIVAL | ||||||||
| PO BOX 1566 | MIDDLEBURG | VA | 20118 | NONE | PC | SUPPORT MISSION TO USE FILM TO BROADEN UNDERSTANDING OF THE WORLD AND ONE ANOTHER | $25,000 | |
| NATIONAL CAPITAL AREA COUNCIL BOY SCOUTS OF AMERICA | ||||||||
| 9190 ROCKVILLE PIKE | BETHESDA | MD | 20814 | NONE | PC | FUNDING FOR DISTINGUISHED CITIZEN AND GOOD SCOUT AWARD | $22,760 | |
| NORTHERN VIRGINIA ALLIANCE LEAGUE | ||||||||
| PO BOX 5165 | ARLINGTON | VA | 22205 | NONE | PC | SUPPORT FOR PROGRAMS AIDING LOCAL NONPROFITS | $920 | |
| PIEDMONT EPICUREAN & AGRICULTURE CENTER (THE NEW AG SCHOOL) | ||||||||
| 15669 LIMESTONE SCHOOL ROAD | LEESBURG | VA | 20176 | NONE | PC | SUPPORT FOR INNOVATIVE HANDS-ON PROGRAM DEDUCATED TO RAISING UP LEADERS WHO UNDERSTAND, APPRECIATE AND CAN DO THE WORK NEEDED TO SUPPORT AGRIBUSINESS TODAY AND INTO THE FUTURE | $20,000 | |
| TRAGEDY ASSISTANCE PROGRAM FOR SURVIVORS (TAPS) | ||||||||
| 3033 WILSON BLVD SUITE 630 | ARLINGTON | VA | 22201 | NONE | PC | SUPPORT OF PROGRAMS PROVIDING RESOURCES TO ALL THOSE GRIEVING DEATH IN THE MILITARY OR VETERAN COMMUNITY | $200,000 | |
| UNITED WAY OF LONG ISLAND | ||||||||
| 819 GRAND BOULEVARD 1 | DEER PARK | NY | 11729 | NONE | PC | FUNDING OF VARIOUS SCHOLARSHIP PROGRAMS | $517,289 | |
| VAOURWAY LLC | ||||||||
| PO BOX 6266 | LEESBURG | VA | 20178 | NONE | PC | SUPPORT FOR OPERATIONS TO CHAMPION GOOD GOVERNANCE IN VIRGINIA BY PROMOTING NON-PARTISAN, OPEN, AND INFORMED DISCOURSE BETWEEN CITIZENS AND LEGISLATORS, INCREASED PUBLIC ENGAGEMENT, AND PRACTICAL TRANSPARENCY. | $16,619 | |
| WHITE HOUSE HISTORICAL ASSOCIATION | ||||||||
| 740 JACKSON PL NW | WASHINGTON | DC | 20006 | NONE | PC | FUNDING FOR EDUCATIONAL PROGRAMS TO ENHANCE THE UNDERSTANDING, APPRECIATION AND ENJOYMENT OF THE WHITE HOUSE | $85,000 | |
| WOLF TRAP FOUNDATION | ||||||||
| 1645 TRAP ROAD | VIENNA | VA | 22182 | NONE | PC | FUNDING FOR OPERATIONS OF THE PERFORMING ARTS AND THE NATIONAL PARK | $405,953 | |
| ARLINGTON COUNTY BAR FOUNDATION | ||||||||
| 1425 NORTH COURTHOUSE ROAD UITE | ARLINGTON | VA | 22201 | NONE | PC | ASSIST LOCAL CHARITIES THROUGH DISSEMINATION OF GRANTS AND PERSONNEL SUPPORT | $880 | 1700 |
| ARTS FAIRFAX | ||||||||
| 2667 PROSPERITY AVENUE SUITE A | FAIRFAX | VA | 22031 | NONE | PC | SUPPORT PROGRAMS AND SERVICES OFFERED TO MORE THAN 200 LOCAL ARTS ORGANIZATIONS AND HUNDREDS OF INDEPENDENT ARTISTS | $1,000 | |
| CLAUDE MOORE OPPORTUNITIES | ||||||||
| 11350 RANDOM HILLS ROAD SUITE 730 | FAIRFAX | VA | 20030 | NONE | PC | SUPPORT PROGRAMS TO INCREASE ACADEMIC COMPETENCE AND ENCOURAGE LEADERSHIP FOR UNDER-RESOURCED POPULATIONS THROUGHOUT VIRGINIA | $100,000 | |
| CORNERSTONES | ||||||||
| 11150 SUNSET HILLS ROAD SUITE 210 | RESTON | VA | 20190 | NONE | PC | SUPPORT FOR PROGRAMSTHAT HELPS INDIVIDUALS AND FAMILIES SURVIVE TOUGH ECONOMIC TIMES IN AN ALREADY HIGH COST-OF-LIVING COMMUNITY | $1,000 | |
| LEESBURG VOLUNTERR FIRE COMPANY | ||||||||
| PO BOX 2577 | LEESBURG | VA | 20177 | NONE | PC | SUPPORT TO PURCHASE NEEDED TOOLS AND PROTECTIVE EQUIPMENT, UNIFORMS FOR VOLUNTEER MEMBERS | $500 | |
| LOUDOUN COMMUNITY MEDIA | ||||||||
| 15 N KING ST SUITE 101 | LEESBURG | VA | 20176 | NONE | PC | SUPPORT NONPROFIT, FREE, INDEPENDENT, LOCAL NEWS SOURCE IN LOUDOUN COUNTY, VA | $26,000 | |
| LOUDOUN FIRST RESPONDERS FOUNDATION | ||||||||
| PO BOX 1623 | LEESBURG | VA | 20177 | NONE | PC | FINANCIAL SUPPORT ACTIVE LOUDOUN COUNTY FIRST RESPONDER PERSONNEL FACING NEEDS ARISING FROM INJURY, ILLNESS AND CONDITIONS IN THE LINE OF DUTY | $500 | |
| LOUDOUN FREE CLINIC | ||||||||
| 224-A CORNWALL STREET NW SUITE 2115 | LEESBURG | VA | 20176 | NONE | PC | SUPPORT OPERATIONS TO PROVIDE HEALTHCARE SERVICES FOR LOUDOUN COUNTY RESIDENTS WHO WOULD OTHERWISE GO WITHOUT | $100 | |
| MORVEN PARK | ||||||||
| 17195 SOUTHERN PLANTER LANE | LEESBURG | VA | 20176 | NONE | PC | SUPPORT OPERATIONS FOR 1,000 ACRE PARK WHERE EVERYONE CAN PLAY, LEARN AND DISCOVER | $250 | |
| NATIONAL SPINE HEALTH FOUNDATION | ||||||||
| 11800 SUNRISE VALLEY DRIVE SUITE | RESTON | VA | 20191 | NONE | PC | SUPPORT PATIENT-CENTERED OPERATIONS FOCUSED ON PATIENT EDUCATION, RESEARCH AND ADVOCACY | $1,000 | 330 |
| SOUTH LAKES PTSA FOOD PANTRY | ||||||||
| 1900 CAMPUS COMMONS DRIVE SUITE 100 | RESTON | VA | 20191 | NONE | PC | FUNDING FOR FOOD AND ESSENTIAL SUPPLIES FOR STUDENT AT SOUTH LAKES HIGH SCHOOL | $250 | |
| SOUTHERN ENVIRONMENTAL LAW CENTER | ||||||||
| 120 GARRETT STREET SUITE 400 | CHARLOTTESVILLE | VA | 22902 | NONE | PC | FUNDING FOR OPERATIONS TO PROTECT AIR, WATER, CLIMATE, LAND, WILDLIFE AND PEOPLE WHO CALL THE SOUTH HOME. | $5,000 | |
| FLAMBOYAN FOUNDATION | ||||||||
| 1730 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20036 | NONE | PC | FUND OPERATIONS TO ENSURE STUDENTS MOST IMPACTED BY INEQUITY ARE PREPARED TO SUCCEDD IN SCHOOL AND BEYOND | $45,000 | |
| VIRGINIA PUBLIC ACCESS PROJECT | ||||||||
| PO BOX 1472 | RICHMOND | VA | 23218 | NONE | PC | SUPPORT FOR OPERATIONS TO FOSTER TRANSPARENCY OF MONEY IN POLITICS AND PROMOTE CIVIC ENGAGEMENT | $1,000 | |
| JAMES LOGAN ELEMENTARY SCHOOL | ||||||||
| 1700 LINDLEY AVE | PHILADELPHIA | PA | 19141 | NONE | GOV | FUNDING FOR 185 BIKES, HELMETS AND LOCKS FOR GRADUATION ON WHEELS | $53,335 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,809,293 | 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 | $564 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $73,969 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $11,666 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,580,736 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,666,935 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,666,935 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | FREDRICK D AND KAREN G SCHAUFELD | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1101 NORWALK STREET | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27407 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,005,560 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 36,000 SHS CAVA GROUP, INC. | NoncashPropertyDesc |
| Fair Market Value | $2,005,560 | FairMarketValueAmt |
| Received | 2024-02-28 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $20,160 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $20,160 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| K-1: SWAN & LEGEND FUND 2 | AT COST | $134,270 | $134,266 |
| K-1: PACTOLUS-CRANEMERE SERIES | AT COST | $1,257,258 | $2,033,300 |
| K-1: GLOBAL VOLATILITY VOYAGEUR LP | AT COST | $86,034 | $76,008 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK/TAX DIFFERENCES | Desc |
| Amt | $1,936,938 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INSURANCE | $3,868 | $0 | $3,868 |
| SCHAUFELD SCHOLARSHIP PROGRAM | $33,349 | $0 | $33,349 |
| BANK FEES | $127 | $127 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1: SWAN & LEGEND FUND II LP | Desc |
| Revenue And Expenses Per Books | $11,666 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $11,666 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $11,666 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES | $1,573 | $1,573 | $0 |
| CONSULTING FEES | $34,980 | $0 | $34,980 |
| K-1: SWAN & LEGEND FUND II LP | $3,035 | $3,035 | $0 |
| K-1: PACTOLUS-CRANEMERE SERIES FUND LLC | $16,102 | $16,102 | $0 |
| K-1: PACTOLUS/G4 CAPITAL PARTNERS FUND III | $5,473 | $5,473 | $0 |
| K-1: GLOBAL VOLATILITY VOYAGEUR, LP | $1,182 | $1,182 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAXES | CategoryTxt |
| Amt | $36,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Comments