FOULGER FAMILY FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- FOULGER FAMILY FOUNDATION INC (EIN 47-1636720)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-11
- IRS object ID
- 202403179349100200
- Schema version
- 2023v5.1
- 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
- All Oth Prog Rltd Investments Sch
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-11T23:44:29-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221478099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7501 WISCONSIN AVENUE SUITE 400E | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20814 | 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 | 471636720 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOULGER FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOUL | BusinessNameControlTxt |
| Phone | 2404999600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12435 PARK POTOMAC AVE SUITE 200 | AddressLine1Txt |
| City | POTOMAC | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20854 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CLAYTON F FOULGER | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 2404999600 | PhoneNum |
| Signature | 2024-11-06 | 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 | CHRISTIAN R EHN | PreparerPersonNm |
| PTIN | P01445440 | PTIN |
| Phone | 3016529100 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $7,347,538 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $583,333 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $55,289 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $55,289 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $7,655 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $7,655 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$569,830 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $389,487 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Incm Modifications Adj Net Incm | $35,000 | IncmModificationsAdjNetIncmAmt |
| Total Rev And Expnss | $76,447 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $62,944 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $35,000 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $17,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,750 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $8,750 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $99 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $787 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $393 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $394 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $18,386 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $9,143 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $9,144 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $329,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $329,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $347,386 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $9,143 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $338,144 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$270,939 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $53,801 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $35,000 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $94,754 | CashBOYAmt |
| Cash EOY | $130,814 | CashEOYAmt |
| Cash EOYFMV | $1,303,814 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,606,756 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,051,274 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,051,274 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,988,688 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,992,450 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $3,992,450 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $3,690,198 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,174,538 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,347,538 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $6 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $10,000 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $10,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $10,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,006 | 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 | $3,680,198 | RetainedEarningBOYAmt |
| Retained Earning EOY | $6,164,532 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,680,198 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,164,532 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,690,198 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,174,538 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,680,198 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$270,939 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,755,273 | OtherIncreasesAmt |
| Subtotal | $6,164,532 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $6,164,532 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| AIRBNB INC | P | 2021-02-11 | 2023-12-20 | $66,413 | $99,689 | -$33,276 | -$33,276 |
| GE HEALTHCARE TECHNOLOGIES INC | P | 2021-07-08 | 2023-11-30 | $16,317 | $17,328 | -$1,011 | -$1,011 |
| LUCID GROUP INC | P | 2021-11-01 | 2023-12-20 | $32,031 | $312,070 | -$280,039 | -$280,039 |
| MERCADOLIBRE INC | P | 2021-02-11 | 2023-12-20 | $123,203 | $137,743 | -$14,540 | -$14,540 |
| PAYPAL HOLDINGS INC | P | 2021-02-11 | 2023-11-03 | $52,173 | $254,469 | -$202,296 | -$202,296 |
| SHOPIFY INC | P | 2021-02-11 | 2023-12-20 | $51,328 | $99,286 | -$47,958 | -$47,958 |
| VMWARE INC | P | 2021-07-06 | 2023-11-27 | $48,022 | $38,732 | $9,290 | $9,290 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$569,830 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $748 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $748 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $748 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | 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 | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $5 | EsPenaltyAmt |
| Tax Due | $753 | 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 | MD | 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 |
| Individual With Books | CLAYTON F FOULGER | IndividualWithBooksNm |
| Phone | 2404999600 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12435 PARK POTOMAC AVE SUITE 200 | AddressLine1Txt |
| City | POTOMAC | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 208546975 | 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 | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| 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 (5 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 |
|---|---|---|---|---|---|---|---|---|
| CLAYTON F FOULGER | ||||||||
| 12435 PARK POTOMAC AVE 200 | POTOMAC | MD | 20854 | TREASURER/DIRECTOR | 1.00 | $0 | $0 | $0 |
| BRYANT F FOULGER | ||||||||
| 12435 PARK POTOMAC AVE 200 | POTOMAC | MD | 20854 | SECRETARY/DIRECTOR | 1.00 | $0 | $0 | $0 |
| ANNE F DAVIS | ||||||||
| 12435 PARK POTOMAC AVE 200 | POTOMAC | MD | 20854 | PRESIDENT/CHAIR OF THE BOA | 10.00 | $0 | $0 | $0 |
| AMY F BARLOW | ||||||||
| 12435 PARK POTOMAC AVE 200 | POTOMAC | MD | 20854 | VICE PRESIDENT/DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARGARET F PRATT | ||||||||
| 12435 PARK POTOMAC AVE 200 | POTOMAC | MD | 20854 | VICE PRESIDENT/DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| 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) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| All Other Program Rltd Invst Tot | $0 | AllOtherProgramRltdInvstTotAmt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,315,032 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,358,876 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,673,908 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,673,908 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $70,109 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,603,799 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $230,190 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $230,190 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $748 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $748 | TotalTaxAmt |
| Distributable Before Adj | $229,442 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $35,000 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $264,442 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $264,442 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $338,144 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $338,144 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $264,442 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $26,528 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $16,513 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $164,457 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $246,056 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $453,554 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $338,144 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $264,442 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $73,702 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $527,256 | 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 | $26,528 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $500,728 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $16,513 | ExcessFromYear4Amt |
| Excess From Year2 | $164,457 | ExcessFromYear2Amt |
| Excess From Year1 | $246,056 | ExcessFromYear1Amt |
| Excess From Current Year | $73,702 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | CLAYTON F FOULGER | ContributingManagerNm |
| Contributing Manager | BRYANT F FOULGER | ContributingManagerNm |
| Contributing Manager | ANNE F DAVIS | ContributingManagerNm |
| Contributing Manager | MARGARET F PRATT | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | FOULGER FAMILY FOUNDATION MANAGER | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12435 PARK POTOMAC AVE 200 | AddressLine1Txt |
| City | POTOMAC | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20854 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2404999600 | RecipientPhoneNum |
| Form And Info And Materials | APPLICATIONS ARE AVAILABLE UPON DEMAND AND MUST BE REQUESTED IN WRITING FROM THE FOUNDATION MANAGER AND MUST BE COMPLETED AND SUBMITTED IN WRITING TO THE FOUNDATION MANAGER. APPLICANTS WILL NEED TO REQUEST AND SUBMIT THEIR OFFICIAL TRANSCRIPT(S) FROM THEIR HIGH SCHOOL OR COLLEGE(S). APPLICANTS ARE ALSO REQUIRED TO SUBMIT RELEVANT STANDARDIZED TEST SCORES (E.G. SAT, ACT, GRE, ETC.). SPECIFIC INSTRUCTIONS ARE INCLUDED WITH THE REQUESTED APPLICATION. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | APPLICATIONS MUST BE REQUESTED BY 11/30 AND SUBMITTED BY 5/31 THE FOLLOWING CALENDAR YEAR. | SubmissionDeadlinesTxt |
| Restrictions On Awards | APPLICANTS SHOULD BE UNITED STATES PERSONS WHO HAVE GRADUATED (OR ABOUT TO GRADUATE) FROM HIGH SCHOOL OR ITS EQUIVALENT, OR BE A FULL TIME STUDENT AT AN ACCREDITED COLLEGE, JUNIOR COLLEGE, UNIVERSITY OR OTHER EDUCATIONAL INSTITUTION. THE APPLICANT MUST BE ENROLLED, OR ABOUT TO ENROLL IN BRIGHAM YOUNG UNIVERSITY, RICKS UNIVERSITY, OR SUCH OTHER INSTITUTION WHICH QUALIFIES AS AN EDUCATION INSTITUTION UNDER CODE SECTION 170(B)(1)(A)(II), AND MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULAR ORGANIZED BODY OF STUDENTS IN ATTENDANCE AT THE PLACE WHERE ITS EDUCATIONAL ACTIVITIES ARE CARRIED ON. APPLICANTS MUST ALSO SHOW SUFFICIENT ACADEMIC ABILITY, CHARACTER AND MOTIVATION, AND/OR A NEED FOR FINANCIAL ASSISTANCE TO COMPLETE HIS OR HER COURSE OF STUDY. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A WIDER CIRCLE INC | |||||||||||
| 10325 KESINGTON PKWY STE 70 | KENSINGTON | MD | 20895 | PC | CHARITABLE CONTRIBUTIONS | $30,000 | |||||
| ASSOCIATION OF FREELANCE TEACHERS | |||||||||||
| NC | TO FURTHER EDUCATIONAL PROGRAMMING AT FOULGER SCHOOL. | $70,000 | 12-A TIPANOVA ST UNIT 8N | SAINT PETERSBURG | LENINGRAD OBLAST | RS | 196135 | ||||
| BRIGHAM YOUNG UNIVERISTY (PHILANTHROPIES DEPT) | |||||||||||
| BRIGHAM YOUNG UNIVERSITY | PROVO | UT | 84602 | PC | PRESIDENT'S LEADERSHIP COUNCIL - WASHINGTON SEMINAR STUDENT SUPPORT. | $59,000 | |||||
| BRIGHAM YOUNG UNIVERISTY | |||||||||||
| BRIGHAM YOUNG UNIVERSITY | PROVO | UT | 84602 | PC | SCHOLARSHIPS FOR EDUCATIONAL PURPOSES. | $24,312 | |||||
| BRIGHAM YOUNG UNIVERSITY - IDAHO | |||||||||||
| 525 S CENTER ST | REXBURG | ID | 83460 | PC | SCHOLARSHIPS FOR EDUCATIONAL PURPOSES. | $22,040 | |||||
| ENSIGN COLLEGE | |||||||||||
| 95 NORTH 300 WEST | SALT LAKE CITY | UT | 84101 | PC | SCHOLARSHIPS FOR EDUCATIONAL PURPOSES. | $3,152 | |||||
| INTERFAITH WORKS | |||||||||||
| 8106 GEORGIA AVE | SILVER SPRING | MD | 20910 | PC | CHARITABLE CONTRIBUTIONS | $54,000 | |||||
| SOME INC | |||||||||||
| 71 O STREET NW | WASHINGTON DC | DC | 20001 | PC | CHARITABLE CONTRIBUTIONS | $30,000 | |||||
| THE MARYLAND FOOD BANK INC | |||||||||||
| 2200 HALETHORPE FARMS ROAD | BALTIMORE | MD | 21227 | PC | CHARITABLE CONTRIBUTIONS | $30,000 | |||||
| VIRGINIA TECH UNIVERSITY | |||||||||||
| 800 WASHINGTON STREET SW SUITE 150 | BLACKSBURG | VA | 24061 | PC | SCHOLARSHIPS FOR EDUCATIONAL PURPOSES. | $6,496 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $329,000 | 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 | $55,289 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $7,655 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | -$569,830 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$506,886 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$506,886 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| SID W FOULGER REVOCABLE TRUST | ||||||
| 1 | 12435 PARK POTOMAC AVE SUITE 200 | POTOMAC | MD | 20854 | $500,000 | Yes (X) |
| SID FOULGER NON MARITAL TRUST | ||||||
| 2 | 12435 PARK POTOMAC AVE SUITE 200 | POTOMAC | MD | 20854 | $83,333 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION SERVICES | CategoryTxt |
| Amt | $17,500 | Amt |
| Net Investment Income | $8,750 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $8,750 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | N/A | Desc |
| Amt | $0 | Amt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASSOCIATION OF FREELANCE TEACHERS | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12-A TIPANOVA ST UNIT 8N | AddressLine1Txt |
| City | SAINT PETERSBURG | CityNm |
| Country | RS | CountryCd |
| Foreign Postal | 196135 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2023-07-26 | GrantDt |
| Grant | $70,000 | GrantAmt |
| Purpose Of Grant | TO FURTHER EDUCATIONAL PROGRAMMING AT FOULGER SCHOOL. THE FOUNDATION RECEIVES QUARTERLY REPORTS DETAILING THE SOURCES AND USES OF THE SCHOOL'S FUNDING. | PurposeOfGrantTxt |
| Expended By Grantee | $70,000 | ExpendedByGranteeAmt |
| Dates Of Reports By Grantee | SEE STATEMENT 13. | DatesOfReportsByGranteeTxt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| GRANT TO INDIVIDUAL FOR STUDY | FORM 990-PF, PART VI-B, LINE 5A(3) | THE FOULGER FAMILY FOUNDATION, INC. HAS REQUESTED AND RECEIVED APPROVAL VIA SCHEDULE H OF FORM 1023 TO GRANT SCHOLARSHIPS TO INDIVIDUALS. THE SCHOLARSHIPS ARE GRANTED AFTER A THOROUGH REVIEW OF THE APPLICATIONS THAT ARE RECEIVED BY THE FOUNDATION. THE FOUNDATION HAS ESTABLISHED A FRAMEWORK FOR AWARDING SCHOLARSHIPS ON A BASIS THAT IS BOTH OBJECTIVE AND NONDISCRIMINATORY. |
| TREAS. REG. 53.4945-5(D)(2)(VI) | FORM 990-PF, PART VI-B, LINE 5D | REPORTS WERE RECEIVED FROM THE GRANTEE ON THE FOLLOWING DATE:JULY 26, 2023 AND NOVEMBER 22, 2023. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | MARKETABLE SECURITIES | StockNm |
| EOY Book Value | $3,992,450 | EOYBookValueAmt |
| EOYFMV | $3,992,450 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK SERVICE FEE | $396 | $198 | $198 |
| GENERAL & ADMINISTRATIVE | $391 | $195 | $196 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN - MERRILL LYNCH | Desc |
| Amt | $2,755,273 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED EXPENSES | Desc |
| BOY Book Value | $10,000 | BOYBookValueAmt |
| EOY Book Value | $10,000 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAXES | CategoryTxt |
| Amt | $99 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |