BEDFORD FALLS FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BEDFORD FALLS FOUNDATION (EIN 52-6834462)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-13
- IRS object ID
- 202401349349104650
- Schema version
- 2023v5.0
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Applied To Prior Year Election
- Distribution From Corpus Election
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-13T16:35:38-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 FIRST ST SE STE 800 | AddressLine1Txt |
| City | CEDAR RAPIDS | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 524011425 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 526834462 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BEDFORD FALLS FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BEDF | BusinessNameControlTxt |
| Phone | 2027295285 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 PENNSYLVANIA AVENUE NW 220S | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20004 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM E CONWAY JR | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2027295285 | PhoneNum |
| Signature | 2024-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | WILLIAM | PersonFirstNm |
| Person Last | CONWAY JR | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SHAWNA HULS | PreparerPersonNm |
| PTIN | P01315330 | PTIN |
| Phone | 3192985333 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $129,693,641 | 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 | $53,624,421 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $2,065,816 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,065,816 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $7,780,180 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $57,643,489 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $7,780,180 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $63,470,417 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $9,845,996 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $272,217 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $272,217 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $14,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $7,000 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $7,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $96,476 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $52,965 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $43,511 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $15,455 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $15,455 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $60,662 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $60,662 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $458,810 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $75,420 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $383,390 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $11,218,310 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $11,218,310 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $11,677,120 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $75,420 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $11,601,700 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $51,793,297 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $9,770,576 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $9,831,888 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $20,933,600 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $21,165,085 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $34,842,538 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $39,645,049 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $39,736,863 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $13,795,470 | CorporateStockBOYAmt |
| Corporate Stock EOY | $33,796,472 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $66,248,784 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $3,943,000 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $0 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $707,159 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $707,159 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,542,909 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $63,120,055 | TotalAssetsBOYAmt |
| Total Assets EOY | $95,082,280 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $129,693,641 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $63,120,055 | RetainedEarningBOYAmt |
| Retained Earning EOY | $95,082,280 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $63,120,055 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $95,082,280 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $63,120,055 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $95,082,280 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $63,120,055 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $51,793,297 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $114,913,352 | SubtotalAmt |
| Other Decreases | $19,831,072 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $95,082,280 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES - LT | P | $29,085,371 | $24,801,562 | $4,283,809 | $4,283,809 |
| PUBLICLY TRADED SECURITIES - ST | P | $28,558,118 | $25,061,747 | $3,496,371 | $3,496,371 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $7,780,180 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $135,811 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $135,811 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $135,811 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $28,520 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $28,520 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $107,291 | TaxDueAmt |
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 | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | VA | 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 | THE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2027295285 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 PENNSYLVANIA AVENUE NW STE 220 | AddressLine1Txt |
| Address Line2 | S | AddressLine2Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20004 | 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 |
|---|---|---|---|---|---|---|---|---|
| WILLIAM E CONWAY JR | ||||||||
| 1001 PENNSYLVANIA AVE NW STE 220S | WASHINGTON | DC | 20004 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| JOANNE CONWAY | ||||||||
| 1001 PENNSYLVANIA AVE NW STE 220S | WASHINGTON | DC | 20004 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| ELIZABETH MINNIGH | ||||||||
| 1001 PENNSYLVANIA AVE NW STE 220S | WASHINGTON | DC | 20004 | EXECUTIVE DIRECTOR | 20.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BUCHANAN INGERSOLL & ROONEY PC | |||||
| 1700 K ST NW SUITE 300 | WASHINGTON | DC | 20006 | LEGAL AND CHARITABLE ADMINISTRATIVE SERVICES | $242,911 |
| BROWN ADVISORY | |||||
| 901 SOUTH BOND STREET 400 | BALTIMORE | MD | 21231 | INVESTMENT MANAGEMENT FEES | $52,965 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
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 | $97,240,300 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,552,628 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $106,792,928 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $106,792,928 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,601,894 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $105,191,034 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,259,552 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,259,552 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $135,811 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $135,811 | TotalTaxAmt |
| Distributable Before Adj | $5,123,741 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,123,741 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $5,123,741 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $11,601,700 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $11,601,700 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,123,741 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $11,601,700 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $4,572,738 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $5,123,741 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,905,221 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $6,477,959 | 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 | $4,572,738 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,905,221 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $1,905,221 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | WILLIAM E CONWAY JR | ContributingManagerNm |
| Contributing Manager | JOANNE CONWAY | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| DUQUESNE UNIVERSITY | |||||||
| 600 FORBES AVENUE | PITTSBURGH | PA | 15282 | NONE | PC | TO SUPPORT NURSING EDUCATION | $181,310 |
| HOWARD UNIVERSITY | |||||||
| 2244 10TH ST ROOM 302 | WASHINGTON | DC | 20059 | NONE | PC | TO SUPPORT NURSING EDUCATION | $512,000 |
| JOHNS HOPKINS UNIVERSITY | |||||||
| 601 N CAROLINE ST 6TH FL | BALTIMORE | MD | 21287 | NONE | PC | TO SUPPORT NURSING EDUCATION | $250,000 |
| NATIONAL CENTER FOR FAMILY PHILANTHROPY | |||||||
| 1667 K STREET NW 550 | WASHINGTON | DC | 20006 | NONE | PC | TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
| THE CATHOLIC UNIVERSITY OF AMERICA | |||||||
| 620 MICHIGAN AVE NE | WASHINGTON | DC | 20064 | NONE | PC | TO SUPPORT NURSING EDUCATION | $5,250,000 |
| THE GEORGE WASHINGTON UNIVERSITY | |||||||
| 1918 F STREET NW | WASHINGTON | DC | 20052 | NONE | PC | TO SUPPORT NURSING EDUCATION | $125,000 |
| THE NATIONAL CAPITAL POISON CENTER | |||||||
| 3201 NEW MEXICO AVE STE 310 | WASHINGTON | DC | 20016 | NONE | PC | TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
| TRINITY WASHINGTON UNIVERSITY | |||||||
| 125 MICHIGAN AVE NE | WASHINGTON | DC | 20017 | NONE | PC | TO SUPPORT NURSING EDUCATION | $2,250,000 |
| UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC | |||||||
| 620 W LEXINGTON ST | BALTIMORE | MD | 21201 | NONE | PC | TO SUPPORT NURSING EDUCATION | $122,500 |
| UNIVERSITY OF NORTH CAROLINA CHAPEL HILL | |||||||
| 250 E FRANKLIN ST | CHAPEL HILL | NC | 27514 | NONE | PC | TO SUPPORT NURSING EDUCATION | $500,000 |
| UVA HEALTH FOUNDATION | |||||||
| PO BOX 800773 | CHARLOTTESVILLE | VA | 22908 | NONE | PC | TO SUPPORT NURSING EDUCATION | $250,000 |
| VILLANOVA UNIVERSITY | |||||||
| 800 E LANCASTER AVE | VILLANOVA | PA | 19085 | NONE | PC | TO SUPPORT NURSING EDUCATION | $250,000 |
| VIRGINIA COMMONWEALTH UNIVERSITY | |||||||
| 907 FLOYD AVE | RICHMOND | VA | 23284 | NONE | PC | TO SUPPORT NURSING EDUCATION | $1,107,500 |
| WETA | |||||||
| 3939 CAMPBELL AVE | ARLINGTON | VA | 22206 | NONE | PC | TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $400,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $11,218,310 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,065,816 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $7,780,180 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $9,845,996 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $9,845,996 | 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 (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|---|
| WILLIAM E CONWAY JR | |||||||
| 1 | 1001 PENNSYLVANIA AVE NW SUITE 220S | WASHINGTON | DC | 20004 | $36,292,679 | Yes (X) | |
| WILLIAM E CONWAY JR | |||||||
| 2 | 1001 PENNSYLVANIA AVE NW SUITE 220S | WASHINGTON | DC | 20004 | $16,744,194 | Yes (X) | |
| WILLIAM E CONWAY JR | |||||||
| 3 | 1001 PENNSYLVANIA AVE NW SUITE 220S | WASHINGTON | DC | 20004 | $587,548 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | PUBLICLY TRADED SECURITIES | $36,292,679 | 2023-02-28 |
| 2 | PUBLICLY TRADED SECURITIES | $16,744,194 | 2023-09-20 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $14,000 | Amt |
| Net Investment Income | $7,000 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $7,000 | DisbursementsCharitablePrpsAmt |
Applied To Prior Year Election AppliedToPriorYearElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | TEST IT | ElectionDesc |
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | SEE STATEMENT | ElectionDesc |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (68 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AMERICAN INTL GP INC NEW | $237,960 | $304,875 |
| AMERICAN INTL GRP INC (AIG) WT 11921 | $1,180 | $0 |
| APPLE INC | $903,413 | $2,887,950 |
| CISCO SYS INC | $1,033,393 | $1,167,012 |
| CITIGROUP INC NEW | $668,164 | $648,298 |
| COCA COLA CO | $355,670 | $412,510 |
| ELI LILLY & CO | $91,454 | $641,212 |
| ENTERPRISE BANCORP | $205,684 | $182,591 |
| HESS CORP | $700,151 | $2,162,400 |
| HOME DEPOT INC | $792,680 | $2,425,850 |
| HONEYWELL INT'L INC | $278,681 | $419,420 |
| INTEL CORP | $1,169,301 | $1,005,000 |
| INT'L BUSINESS MACHINES CORP | $768,947 | $883,170 |
| JP MORGAN CHASE & CO | $137,186 | $238,140 |
| KALA PHARMACEUTICALS INC | $170,383 | $1,491 |
| KRAFT HEINZ CO | $87,403 | $40,587 |
| MCDONALDS CORP | $355,904 | $474,416 |
| MICROSOFT CORP | $2,606,450 | $5,640,600 |
| MORGAN STANLEY SH PFD | $125,000 | $130,350 |
| PFIZER INC | $789,750 | $647,775 |
| PROCTER & GAMBLE CO | $330,814 | $586,160 |
| WALT DISNEY CO HLDG CO | $144,872 | $126,406 |
| WELLS FARGO & CO NEW | $111,270 | $98,440 |
| ACCENTURE PLC IRELAND | $155,346 | $664,273 |
| ADOBE INC | $388,099 | $775,580 |
| AGILENT TECHNOLOGIES INC | $488,665 | $715,031 |
| ALIGN TECHNOLOGY INC | $480,984 | $656,504 |
| ALPHABET INC | $783,980 | $2,820,590 |
| AMAZON COM INC | $1,241,377 | $1,597,801 |
| AMERIPRISE FINANCIAL INC | $141,515 | $589,876 |
| ANALOG DEVICES INC | $326,034 | $714,816 |
| APPLE, INC. | $241,975 | $1,804,969 |
| AVANTOR INC | $862,074 | $652,253 |
| BAKER HUGHES COMPANY | $440,101 | $551,153 |
| BANK OF AMERICA CORP. | $676,716 | $934,949 |
| BERKSHIRE HATHAWAY | $818,016 | $1,811,476 |
| BLACKSTONE GROUP | $138,951 | $490,688 |
| BOOKING HOLDINGS INC | $328,949 | $1,039,335 |
| BRIGHT HORIZONS FAMILY SOLUTIONS | $527,147 | $422,478 |
| CANADIAN NATL RAILWAY CO | $280,285 | $542,973 |
| CARMAX INC | $348,277 | $564,576 |
| CARRIER GLOBAL CORPORATION (STOCK SPIN-OFF) | $123,287 | $475,629 |
| EDWARDS LIFESCIENCES CORP | $415,942 | $967,003 |
| ELEVANCE HEALTH INC | $421,445 | $940,762 |
| FIRST CTZNS BANCSHARES INC | $426,376 | $891,113 |
| FISERVE INC | $554,243 | $706,443 |
| FERGUSON PLC NEW SHS | $707,234 | $851,053 |
| GENERAL ELEC CO | $531,986 | $603,818 |
| INTUIT INC | $476,829 | $1,147,555 |
| KKR CO INC | $675,682 | $1,612,178 |
| LOWES CO INC | $119,616 | $550,811 |
| MASTERCARD INC | $769,373 | $2,191,835 |
| MERCK CO INC | $256,105 | $420,490 |
| META PLATFORMS INC | $706,736 | $1,781,481 |
| MICROSOFT CORP. | $828,597 | $3,390,753 |
| NETFLIX COM INC | $221,619 | $485,419 |
| NOMAD FOODS LTD | $642,297 | $561,977 |
| PINTREST INC | $314,312 | $418,145 |
| PROGRESSIVE CORP | $461,489 | $628,360 |
| SBA COMMUNICATIONS CO | $441,186 | $556,088 |
| SUNCOR ENERGY INC | $519,214 | $826,568 |
| TAIWAN SEMICONDUCTOR ADR | $633,982 | $1,049,256 |
| TJX COMPANIES | $381,509 | $709,860 |
| T MOBILE US INC | $513,162 | $639,877 |
| UBER TECHNOLOGIES | $310,087 | $523,037 |
| UNITED RENTALS | $129,612 | $1,005,779 |
| UNITEDHEALTH GROUP INC COM | $684,800 | $1,580,463 |
| VISA INC | $795,551 | $2,259,057 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $39,645,049 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $39,736,863 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | SPDR S&P 500 STF TRUST | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $707,159 | BookValueAmt |
| EOYFMV | $2,542,909 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL AND CHARITABLE ADMINISTRATIVE SERVICES | CategoryTxt |
| Legal Fees | $272,217 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $272,217 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK TO TAX DIFFERENCE ON NET ASSETS | Desc |
| Amt | $19,831,072 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MEALS AND ENTERTAINMENT | $6,491 | $0 | $0 | $6,491 |
| GRANT ADMINISTRATION SOFTWARE | $54,171 | $0 | $0 | $54,171 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PROFESSIONAL FEES | $43,511 | $0 | $0 | $43,511 |
| INVESTMENT MANAGEMENT FEES | $52,965 | $52,965 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES | CategoryTxt |
| Amt | $15,455 | Amt |
| Net Investment Income | $15,455 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |