MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC (EIN 45-4004727)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-02
- IRS object ID
- 202443079349100204
- 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
- All Oth Prog Rltd Investments Sch
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-02T09:44:09-07:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 454709572 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Swinton Griffith | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3978 Sweet Bottom Drive | AddressLine1Txt |
| City | Duluth | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30096 | 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 | 454004727 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Melvin Douglas and Victoria Kay Ivester Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MELV | BusinessNameControlTxt |
| Phone | 4043107000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411 Peachtree Battle Ave NW | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303054032 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lynn J Darby | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 4043107000 | PhoneNum |
| Signature | 2024-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Swinton Griffith | PreparerPersonNm |
| PTIN | P01350474 | PTIN |
| Phone | 4043107000 | PhoneNum |
| Preparation | 2024-11-02 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| 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 | $77,651,792 | 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 | $10,454,681 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,159 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,159 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,845,990 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,845,990 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,334,869 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $12,991,175 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,334,869 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $4,334,869 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | -$23,266 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$22,940 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $16,613,433 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,159,078 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $4,334,869 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $339,260 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $167,001 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $172,259 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $0 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $0 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $168,330 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $168,330 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $83,000 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $0 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $590,590 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $335,331 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $172,259 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,401,600 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,401,600 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,992,190 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $335,331 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,573,859 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $13,621,243 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,823,747 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $4,334,869 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $543,635 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,183,088 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,183,088 | SavAndTempCashInvstEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Corporate Stock BOY | $50,082,923 | CorporateStockBOYAmt |
| Corporate Stock EOY | $62,936,518 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $76,011,630 | CorporateStockEOYFMVAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments BOY | $274,188 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $395,339 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $457,074 | OtherInvestmentsEOYFMVAmt |
| Land EOY | $0 | LandEOYAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $50,900,746 | TotalAssetsBOYAmt |
| Total Assets EOY | $64,514,945 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $77,651,792 | TotalAssetsEOYFMVAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $50,900,746 | CapitalStockBOYAmt |
| Capital Stock EOY | $64,514,945 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $50,900,746 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $64,514,945 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $50,900,746 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $64,514,945 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $50,900,746 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $13,621,243 | ExcessRevenueOverExpensesAmt |
| Subtotal | $64,521,989 | SubtotalAmt |
| Other Decreases | $7,044 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $64,514,945 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UBS Publicly Held Securities | P | 2023-01-01 | 2023-12-31 | $11,370,324 | $0 | $7,903,561 | $3,466,763 | $0 | $0 | $0 | $3,466,763 |
| Morgan Stanley Publicly Held Securities | P | 2023-01-01 | 2023-12-31 | $444,237 | $0 | $426,403 | $17,834 | $0 | $0 | $0 | $17,834 |
| Rockefeller Capital Publicly Held Securities | P | 2023-01-01 | 2023-12-31 | $1,176,614 | $0 | $326,342 | $850,272 | $0 | $0 | $0 | $850,272 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,334,869 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $4,334,869 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $80,950 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $80,950 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $80,950 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $91,211 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $91,211 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$91,211 | OriginalReturnOverpaymentAmt |
| Overpayment | $10,261 | OverpaymentAmt |
| Applied To ES Tax | $10,261 | AppliedToESTaxAmt |
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 | Yes (true) | 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 | GA | 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 |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | Swinton Griffith | IndividualWithBooksNm |
| Phone | 4043107000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3978 Sweet Bottom Drive | AddressLine1Txt |
| City | Duluth | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 300963158 | 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 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 |
|---|---|---|---|---|---|---|---|---|
| M Douglas Ivester | ||||||||
| 411 Peachtree Battle AveNW | Atlanta | GA | 30305 | Director | 15.00 | $106,420 | $0 | $0 |
| Lynn J Darby | ||||||||
| 9245 Prestwick Club Drive | Duluth | GA | 30097 | Director, President | 30.00 | $107,420 | $0 | $0 |
| Swinton A Griffith III | ||||||||
| 3978 Sweet Bottom Drive | Duluth | GA | 30096 | Director,CFO,Treasurer,Secretary, | 30.00 | $106,420 | $0 | $0 |
| Oliver C Murray | ||||||||
| 964 Racetrack Road | McDonough | GA | 30252 | Director | 10.00 | $9,500 | $0 | $0 |
| Brian K Rochester | ||||||||
| 2132 Elysian Circle | Gainesville | GA | 30501 | Director | 10.00 | $9,500 | $0 | $0 |
| Martha Maron Weber | ||||||||
| 645 County Road 604 | Wedowee | AL | 36278 | VP and Asst. Secretary | 0.00 | $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 |
|---|---|---|---|---|---|
| Morgan Stanley | |||||
| 3280 Peachtree Road NE STE 000 | Atlanta | GA | 30305 | Investment Advisory | $89,307 |
| UBS Financial Services Inc | |||||
| 3560 Lenox Road NE | Atlanta | GA | 30326 | Investment Advisory | $64,566 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | None | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | None | 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 | $61,819,008 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,748,640 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $330,903 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $63,898,551 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $63,898,551 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $958,478 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $62,940,073 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,147,004 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,147,004 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $80,950 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $80,950 | TotalTaxAmt |
| Distributable Before Adj | $3,066,054 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,066,054 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,066,054 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,573,859 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,573,859 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,066,054 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,399,980 | UndistributedIncomePYAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,573,859 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,399,980 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $173,879 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,892,175 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | M Douglas V Kay Ivester | ContributingManagerNm |
| Shareholder Manager | None | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| University of Georgia Foundation | ||||||
| 1 Press Place Ste 101 | Athens | GA | 30601 | PC | University of Georgia Scholarships and Study Abroad Programs | $524,000 |
| Brenau University | ||||||
| 500 Washington Street SE | Gainesville | GA | 30501 | PC | Darby Scholars Program | $40,000 |
| Hall County School District | ||||||
| 711 Green Street | Gainesville | GA | 30501 | PC | Howard E. IvesterEarly College | $1,300,000 |
| Brenau University | ||||||
| 500 Washington Street SE | Gainesville | GA | 30501 | PC | Brenau UniversityAthletic Department | $250,000 |
| Hall County School District | ||||||
| 711 Green Street | Gainesville | GA | 30501 | PC | Hall County SchoolDistrict Teacherof Year Program | $58,200 |
| Gainesville City School System | ||||||
| 508 Oak Street | Gainesville | GA | 30501 | PC | City of GainesvilleTeacher ofYear Program | $13,400 |
| Brenau University | ||||||
| 500 Washington Street SE | Gainesville | GA | 30501 | PC | Endowed Scholarhship | $50,000 |
| Hall County School Disrict | ||||||
| 711 Green Street | Gainesville | GA | 30501 | PC | Learning Commons &Emotional Distress | $110,000 |
| Theatre Wings Endowment Fund | ||||||
| PO Box 1261 | Gainesville | GA | 30503 | PC | Production Sponsorhip | $3,500 |
| Northeast Georgia History Center | ||||||
| 322 Academy Street NE | Gainesville | GA | 30501 | PC | AMI Education Center | $50,000 |
| Sisu of Georgia | ||||||
| 2360 Murphy Boulevard | Gainesville | GA | 30504 | PC | Integrated Early Learning | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,401,600 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,159 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,845,990 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,334,869 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $6,182,018 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,182,018 | 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 (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| M Douglas Ivester | |||||||
| 1 | 411 Peachtree Battle Ave NW | Atlanta | GA | 303054032 | $6,020,000 | Yes (X) | |
| M Douglas Ivester | |||||||
| 2 | 411 Peachtree Battle Ave NW | Atlanta | GA | 303054032 | $2,500,145 | Yes (X) | |
| M Douglas Ivester | |||||||
| 3 | 411 Peachtree Battle Ave NW | Atlanta | GA | 303054032 | $1,934,536 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 2 | 79,000 common shares of Welltower Inc. (WELL) (Cost $2,500,145) | $6,543,175 | 2023-09-25 |
| 3 | Schedule of Common shares attached. (Cost $1,934,536) | $4,000,090 | 2023-01-17 |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | None | Desc |
| Amt | $0 | Amt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)
| AssetAssetDesc | How AcquiredHowAcquiredTxt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|---|
| Various | ||||
| UBS - Sale of Investment Assets | Purchased | $11,370,324 | $7,903,561 | $3,466,763 |
| Various | ||||
| Morgan Stanley - Sale of Investment Assets | Purchased | $444,237 | $426,403 | $17,834 |
| Various | ||||
| Rockefeller Capital - Sale of Investment Assets | Purchased | $1,176,614 | $326,342 | $850,272 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Rockefeller Capital Management Account | $55,004,697 | $62,986,951 |
| Morgan Stanley Managed Account | $7,931,821 | $13,024,679 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Morgan Stanley Riverview SOF I | $23,947 | $26,912 |
| Gerber Taylor X | $371,392 | $430,162 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Prior Year Adjustment | Desc |
| Amt | $7,044 | Amt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Income from Riverview SOF I | $10,407 | $10,733 |
| Income from GT Private Equity X | -$33,929 | -$33,929 |
| Other Income | $256 | $256 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| UBS Financial Services, Inc. Investment Advisory | $64,566 | $64,566 |
| Morgan Stanley Investment Advisory | $89,307 | $89,307 |
| Rockefeller Capital Investment Advisory | $14,457 | $14,457 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | 990-PF & 990-T taxes | CategoryTxt |
| Amt | $83,000 | Amt |