CULP FAMILY FOUNDATION: Form 990PF, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- CULP FAMILY FOUNDATION (EIN 45-5394566)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-05-12
- IRS object ID
- 202641329349102944
- Schema version
- 2025v4.1
- 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
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-12T13:40:35-05:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 GREENSBORO DRIVE 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455394566 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CULP FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % BDO USA | InCareOfNm |
| Business Name Control | CULP | BusinessNameControlTxt |
| Phone | 7038930600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 Greensboro Dr 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HENRY LAWRENCE CULP JR | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 7038930600 | PhoneNum |
| Signature | 2026-05-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | John Ure | PreparerPersonNm |
| PTIN | P00839783 | PTIN |
| Phone | 7038930600 | PhoneNum |
| Preparation | 2026-05-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | 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 | $93,641,755 | 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 | $14,805,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $169,704 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $169,704 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,127,076 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,127,076 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,899,241 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,683,112 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,899,241 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $53,400 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $18,054,421 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,196,021 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $4,900 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $4,900 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $372,954 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $372,954 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $60,539 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,139 | TaxesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $438,393 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $380,093 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $4,900 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,701,490 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,701,490 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,139,883 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $380,093 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,706,390 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $14,914,538 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,815,928 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $17,391,017 | CashBOYAmt |
| Cash EOY | $508,429 | CashEOYAmt |
| Cash EOYFMV | $508,429 | CashEOYFMVAmt |
| Corporate Stock BOY | $14,069,172 | CorporateStockBOYAmt |
| Corporate Stock EOY | $18,329,213 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $78,461,746 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $3,607,045 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $19,583,849 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $14,632,960 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $6,278 | OtherAssetsBOYAmt |
| Other Assets EOY | $38,620 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $38,620 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $35,073,512 | TotalAssetsBOYAmt |
| Total Assets EOY | $38,460,111 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $93,641,755 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $35,073,512 | RetainedEarningBOYAmt |
| Retained Earning EOY | $38,460,111 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $35,073,512 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $38,460,111 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $35,073,512 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $38,460,111 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $35,073,512 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $14,914,538 | ExcessRevenueOverExpensesAmt |
| Subtotal | $49,988,050 | SubtotalAmt |
| Other Decreases | $11,527,939 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $38,460,111 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| MS #5728 - LT COVERED | P | 2024-01-01 | 2025-12-31 | $4,404,390 | $2,536,278 | $1,868,112 | $1,868,112 |
| MS #5728 - LT NON COVERED | P | 2024-01-01 | 2025-12-31 | $278,722 | $246,406 | $31,129 | $32,316 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,899,241 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $39,141 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $39,141 | SubtotalAmt |
| Tax Based On Investment Income | $39,141 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $53,400 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $53,400 | TotalPaymentsAndCreditsAmt |
| Overpayment | $14,259 | OverpaymentAmt |
| Applied To ES Tax | $14,259 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | VA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | 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 | BDO USA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7038930600 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 GREENSBORO DR 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 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 |
|---|---|---|---|---|---|---|---|---|
| H LAWRENCE CULP JR | ||||||||
| 8401 GREENSBORO DR 800 | MCLEAN | VA | 22102 | PRESIDENT | 1.0 | $0 | $0 | $0 |
| WENDY H CULP | ||||||||
| 8401 GREENSBORO DR 800 | MCLEAN | VA | 22102 | SECRETARY | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORGAN STANLEY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 NEW YORK PLAZA 7TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT ADVISORY | ServiceTypeTxt |
| Compensation | $372,954 | 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 | $77,315,611 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $13,612,765 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $90,928,376 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $90,928,376 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,363,926 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $89,564,450 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,478,223 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,478,223 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $39,141 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $39,141 | TotalTaxAmt |
| Distributable Before Adj | $4,439,082 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $4,439,082 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $4,439,082 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,706,390 | 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 | $2,706,390 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,439,082 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2023 | PriorYear1Yr |
| Prior Year2 | 2022 | PriorYear2Yr |
| Prior Year3 | 2021 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $103,207 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $53,071 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $670,265 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,099,933 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,926,476 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,706,390 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $2,706,390 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $1,732,692 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $1,732,692 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $193,784 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $193,784 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $193,784 | ExcessFromYear1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | H LAWRENCE CULP JR | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| THE POTOMAC SCHOOL | |||||||
| 1301 POTOMAC SCHOOL ROAD | MCLEAN | VA | 22101 | PC | 2025 GRANT FOR GENERAL OPERATING | $107,143 | |
| CHESAPEAKE BAY FOUNDATION | |||||||
| 6 HERNDON AVENUE | ANNAPOLIS | MD | 21403 | PC | 2025 GRANT FOR GENERAL OPERATING | $100,000 | |
| WASHINGTON COLLEGE GE SCHOLARS | |||||||
| 300 WASHINGTON AVE | CHESTERTOWN | MD | 21620 | PC | 2025 GRANT FOR GENERAL OPERATING | $90,000 | |
| KENT ATTAINABLE HOUSING INC | |||||||
| 200 RADCLIFFE DRIVE | CHESTERTOWN | MD | 21620 | PC | 2025 GRANT FOR GENERAL OPERATING | $10,000 | |
| HARVARD BUSINESS SCHOOL | |||||||
| 114 WESTERN AVE | BOSTON | MA | 02163 | PC | 2025 GRANT FOR GENERAL OPERATING | $400,000 | |
| WASHINGTON COLLEGE TENNIS CENTER | |||||||
| 300 WASHINGTON AVE | CHESTERTOWN | MD | 21620 | PC | 2025 GRANT FOR GENERAL OPERATING | $1,000,000 | |
| WASHINGTON COLLEGE 4 FTE's | |||||||
| 300 WASHINGTON AVE | CHESTERTOWN | MD | 21620 | PC | 2025 GRANT FOR GENERAL OPERATING | $99,347 | |
| KIT-CARES INC | |||||||
| 103 CHURCH ALLEY | CHESTERTOWN | MD | 216201562 | PC | 2025 GRANT FOR GENERAL OPERATING | $100,000 | |
| DANA FARBER CANCER INSTITUTE | |||||||
| 200 S CROSS ST | CHESTERTOWN | MD | 21620 | PC | 2025 GRANT FOR GENERAL OPERATING | $500,000 | |
| OPEN DOORS | |||||||
| PO BOX 685 | BRIDGEVILLE | PA | 15017 | PC | 2025 GRANT FOR GENERAL OPERATING | $20,000 | |
| MARET SCHOOL | |||||||
| 3000 CATHEDRAL AVE NW | WASHINGTON | DC | 20008 | PC | 2025 GRANT FOR GENERAL OPERATING | $50,000 | |
| WAKE FOREST UNIVERSITY | |||||||
| 1834 WAKE FOREST ROAD | WINSTONSALEM | NC | 27109 | PC | 2025 GRANT FOR GENERAL OPERATING | $100,000 | |
| JOHN HOPKINS | |||||||
| 3400 N CHARLES STREET | BALTIMORE | MD | 21218 | PC | 2025 GRANT FOR GENERAL OPERATING | $125,000 | SAN MARTIN CENTER |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,701,490 | 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 |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,296,780 | 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 | $1,899,241 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL TAX REFUND - APPLIED | Desc |
| Unrelated Business Taxbl Incm | $53,400 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $53,400 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,196,021 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,249,421 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | H LAWRENCE CULP JR WENDY CULP | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 Greensboro Dr 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $14,805,000 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 21,000 shares GE Vernova, Inc | NoncashPropertyDesc |
| Fair Market Value | $14,805,000 | FairMarketValueAmt |
| Received | 2025-12-10 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEES | CategoryTxt |
| Amt | $4,900 | Amt |
| Disbursements Charitable Prps | $4,900 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MS #5728 | $12,537,582 | $56,149,758 |
| MS #6201 | $5,791,631 | $22,311,988 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | MS #5728 | CategoryOrItemTxt |
| Book Value | $19,583,849 | BookValueAmt |
| EOYFMV | $14,632,960 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED INCOME | Desc |
| BOY Book Value | $6,278 | BOYBookValueAmt |
| EOY Book Value | $38,620 | EOYBookValueAmt |
| EOYFMV | $38,620 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTMENT FOR STOCK CONTRIBUTION | Desc |
| Amt | $11,527,939 | Amt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL TAX REFUND - APPLIED | Desc |
| Revenue And Expenses Per Books | $53,400 | RevenueAndExpensesPerBooksAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MS #5728 - INV FEE | CategoryTxt |
| Amt | $372,954 | Amt |
| Net Investment Income | $372,954 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAX PAID | $7,139 | $7,139 |
| ESTIMATED TAXES PAID | $53,400 |