H7 FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
H7 FOUNDATION (EIN 62-1668517)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-05
IRS object ID
201533099349100003
Schema version
2014v5.0
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)
Return2015-11-05T09:00:46-06:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TIMOTHY G BENUSA & ASSOCIATES CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1690 HUGUENOT TRAIL RDAddressLine1Txt
CityMIDLOTHIANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23113ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN621668517EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COMMONWEALTH FOUNDATION IIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCOMMBusinessNameControlTxt
Phone8046434200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 EAST CANAL STREET NO 1900AddressLine1Txt
CityRICHMONDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23219ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM H GOODWIN JRPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone8046434200PhoneNum
Signature2015-11-04SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTIMOTHY G BENUSAPreparerPersonNm
PTINP00581123PTIN
Phone8048974583PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial Return Former Pub ChrtyYes (X)InitialReturnFormerPubChrtyInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$49,902,201FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$4InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$14,235InterestOnSavNetInvstIncmAmt
Dividends Net Invst Incm$119,004DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$3,551,123CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$3,379,958OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm-$72,351OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$3,379,962TotalRevAndExpnssAmt
Total Net Invst Incm$3,612,011TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$1,192LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$1,192LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$0LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,780AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,780AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$52,750OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$0OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$52,750OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$40,000TaxesRevAndExpnssAmt
Taxes Net Invst Incm$45,128TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$226OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$227,091OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$95,948TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$275,191TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$52,750TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,313,784ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,313,784ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,409,732TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$275,191TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,366,534TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$970,230ExcessRevenueOverExpensesAmt
Net Investment Income$3,336,820NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$12,483CashBOYAmt
Cash EOY$5,828CashEOYAmt
Cash EOYFMV$5,828CashEOYFMVAmt
Prepaid Expenses BOY$40,073PrepaidExpensesBOYAmt
Invst Land Cost Or Other Basis$98,038InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$98,038LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$98,038LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$234,140LandBldgInvestmentsEOYFMVAmt
Other Investments BOY$18,408,529OtherInvestmentsBOYAmt
Other Investments EOY$19,425,487OtherInvestmentsEOYAmt
Other Investments EOYFMV$49,662,233OtherInvestmentsEOYFMVAmt
Total Assets BOY$18,559,123TotalAssetsBOYAmt
Total Assets EOY$19,529,353TotalAssetsEOYAmt
Total Assets EOYFMV$49,902,201TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$18,559,123RetainedEarningBOYAmt
Retained Earning EOY$19,529,353RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$18,559,123TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$19,529,353TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$18,559,123TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$19,529,353TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$18,559,123TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$970,230ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$19,529,353SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$19,529,353TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PARTNERSHIP K-1 LT CAPITAL GAINP$3,517,499$3,517,499$3,517,499
PARTNERSHIP K-1 ST CAPITAL GAINP$33,624$33,624$33,624
FieldValueIRS element (for citing)
Capital Gain Net Income$3,551,123CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$66,736InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$66,736SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$66,736TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$40,000EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax$47,000AppliedToEsTaxAmt
Total Payments And Credits$87,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$39EsPenaltyAmt
Overpayment$20,225OverpaymentAmt
Applied To ES Tax$20,225AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsYes (1)ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen0Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled EntityYes (1)OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8046434200PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1800 EAST CANAL STREET SUITE 1900AddressLine1Txt
CityRICHMONDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23219ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (1)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CLIFFORD A CUTCHINS IV
800 E CANAL ST STE 1900RICHMONDVA23219DIRECTOR, SECRETARY0.10$0$0$0
E BRYSON POWELL
212 RANDOLPH SQUARE LNRICHMONDVA23219DIRECTOR0.10$0$0$0
JOHN L MCELROY JR
921 DOVER FARM RDMANAKINSABOTVA23103DIRECTOR0.10$0$0$0
WILLIAM H GOODWIN JR
800 E CANAL ST STE 1900RICHMONDVA23219DIRECTOR, PRESIDENT/TREASURER0.10$0$0$0
ALICE T GOODWIN
800 E CANAL ST STE 1900RICHMONDVA23219DIRECTOR0.10$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE BOSTON CONSULTING GROUP INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 NORTH LASALLE STREETAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60654ZIPCd
FieldValueIRS element (for citing)
Service TypeCONSULTINGServiceTypeTxt
Compensation$52,750CompensationAmt
FieldValueIRS element (for citing)
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$50,118,128AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$16,271AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$234,140FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$50,368,539TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$50,368,539AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$755,528CashDeemedCharitableAmt
Net Vl Noncharitable Assets$49,613,011NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,480,651MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$2,480,651MinimumInvestmentReturnAmt
Tax Based On Investment Income$66,736TaxBasedOnInvestmentIncomeAmt
Total Tax$66,736TotalTaxAmt
Distributable Before Adj$2,413,915DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$2,413,915DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$2,413,915DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,366,534ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$2,366,534QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$2,366,534AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,413,915DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$2,366,534QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$2,366,534AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$47,381UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerWILLIAM H GOODWIN JRContributingManagerNm
Contributing ManagerALICE T GOODWINContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN HEART ASSOCIATION
4217 PARK PLACE COURTRICHMONDVA23060NONEPCGENERAL SUPPORT$1,000
AMERICAN RED CROSS
420 EAST CARY STREETRICHMONDVA23219NONEPCGENERAL SUPPORT$1,000
BOY SCOUTS HEART OF VA COUNCIL
4015 FITZHUGH AVENUERICHMONDVA23230NONEPCGENERAL SUPPORT$1,500
CHESTERFIELD COUNTY
PO BOX 26585RICHMONDVA23285NONEGOVBLACK HISTORY MONTH PROGRAMS$100
COMMONWEALTH FOUNDATIONS
800 E CANAL ST STE 1900RICHMONDVA23219BROTHER/SISTER AFFILIATEPF; 509(A)TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION$2,268,604
FAISON SCHOOL FOR AUTISM
1701 BYRD AVENUERICHMONDVA23230NONEPCGENERAL SUPPORT$200
HILTON HEAD HEROS
6 RED MAPLE ROADHILTON HEADSC29929NONEPCGENERAL SUPPORT$1,400
JUNIOR ACHIEVEMENT
4600 COX ROAD STE 107RICHMONDVA23060NONEPCGENERAL SUPPORT$1,000
KENAN FLAGLER BUSINESS SCHOOL FOUNDATION
THE KENAN CENTER CB 3440CHAPEL HILLNC27599NONEPCGENERAL SUPPORT$16,000
MASSEY CANCER CENTER
P O BOX 980037RICHMONDVA23298NONEPCGENERAL SUPPORT$500
METRO RICHMOND SPORTS BACKERS
100 AVENUE OF CHAMPIONS STE 300RICHMONDVA23230NONEPCGENERAL SUPPORT$1,600
ROANOKE CATHOLIC SCHOOL
621 NORTH JEFFERSON STREETROANOKEVA24016NONEPCGENERAL SUPPORT$10,760
ST STEPHEN'S CHURCH
6000 GROVE AVENUERICHMONDVA23226NONEPCGENERAL SUPPORT$2,428
THE VIRGINIA HOME
1101 HAMPTON STREETRICHMONDVA23220NONEPCGENERAL SUPPORT$5,780
UVA FUND
P O BOX 400314CHARLOTTESVILLEVA22904NONEPCRAVEN SOCIETY$400
VA FOUNDATION FOR INDEPENDENT COLLEGES
8010 RIDGE ROAD SUITE BRICHMONDVA23229NONEPCGENERAL SUPPORT$500
VIRGINIA ATHLETICS FOUNDATION
PO BOX 400833CHARLOTTESVILLEVA23904NONEPCGENERAL SUPPORT$1,012
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,313,784TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,379,958ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$3,379,962ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,379,962TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOYes (1)RelationshipsNonchrtblEOInd

Relationship Schedule Detail RelationshipScheduleDetail (5 entries)

Organization TypeOrganizationTypeDescRelationship DescriptionRelationshipDescriptionTxt
COMMONWEALTH FOUNDATION I (EIN 62-1668516)
509(A)COMMON DIRECTORS
COMMONWEALTH FOUNDATION III (EIN 62-1668518)
509(A)COMMON DIRECTORS
COMMONWEALTH FOUNDATION IV (EIN 62-1668519)
509(A)COMMON DIRECTORS
COMMONWEALTH FOUNDATION V (EIN 62-1668521)
509(A)COMMON DIRECTORS
COMMONWEALTH FOUNDATIONS (EIN 46-5103846)
509(A)COMMON DIRECTORS

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$1,780Amt
Net Investment Income$1,780NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationVA CODE 57-49 REQUIRES NONPROFIT REGISTRATION/ANNUAL FILING WITH THE ATTORNEY GENERAL ONLY IF THE NONPROFIT WILL SOLICIT CONTRIBUTIONS IN VIRGINIA. COMMONWEALTH FOUNDATION II DOES NOT SOLICIT CONTRIBUTIONS BY ANY MEANS IN ANY STATE, AND IS NOT REQUIRED TO FILE ITS FORM 990-PF WITH THE VA ATTORNEY GENERAL'S OFFICE.ExplanationTxt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescMedium ExplanationMediumExplanationTxt
FORM 990-PF, PAGE 1, QUESTION GCOMMONWEALTH FOUNDATION II OPERATED AS A TYPE III SUPPORTING ORGANIZATION TO A SEC 501(C)(3) PUBLIC CHARITY PRIOR TO 2014, AND FILED FORM 990.EFFECTIVE JANUARY 1 2014, COMMONWEALTH FOUNDATION III BECAME A NONOPERATING PRIVATE FOUNDATION.
FORM 990-PF, PAGE 11, LINE 3ADURING 2014, THE TAXPAYER MADE GRANTS TOTALING $2,268,604 TO COMMONWEALTH FOUNDATIONS, A US NON-OPERATING PRIVATE FOUNDATION. DURING ITS TAX YEAR ENDED 12/31/14 (AND BEFORE MARCH 15, 2015), COMMONWEALTH FOUNDATIONS MADE QUALIFYING DISTRIBUTIONS OUT OF CORPUS EQUAL TO THE $2,268,604 IN GRANTS IT RECEIVED FROM THE TAXPAYER. THE TAXPAYER HAS OBTAINED RECORDS AND OTHER EVIDENCE SHOWING THE COMMONWEALTH FOUNDATIONS MADE SUCH QUALIFYING DISTRIBUTIONS. ACCORDINGLY, UNDER THE "TWELVE-MONTH PASS-THROUGH" RULE CONTAINED IN IRC SEC. 4942(G)(3), THE TAXPAYER HAS TREATED SUCH GRANTS AS QUALIFYING DISTRIBUTIONS WHICH WERE INCLUDED IN PART XV, LINE 3A.

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemEQUITY INVESTMENT IN PARTNERSHIPCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$19,425,487BookValueAmt
EOYFMV$49,662,233EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGALCategoryTxt
Legal Fees$1,192LegalFeesAmt
Net Investment Income$1,192NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MISCELLANEOUS$226$226$0
PARTNERSHIP K-1 INVESTMENT EXPENSES$0$226,865$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescPARTNERSHIP K-1 DIVIDENDSDesc
Revenue And Expenses Per Books$3,379,958RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$3,379,958AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryCONSULTINGCategoryTxt
Amt$52,750Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$52,750DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FORM 990-PF EXCISE TAX$40,000$40,000$0
PARTNERSHIP K-1 FOREIGN TAXES$0$5,128$0

Transfers Frm Controlled Entities TransfersFrmControlledEntities

Transfers From Controlled Ent TransfersFromControlledEntGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COMMONWEALTH FOUNDATIONS GPBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 E CANAL ST STE 1900AddressLine1Txt
CityRICHMONDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23219ZIPCd
FieldValueIRS element (for citing)
EIN541856257EIN
DescCASH DISTRIBUTIONDesc
Amt$2,363,000Amt
FieldValueIRS element (for citing)
Total$2,363,000TotalAmt

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