RED GATES FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- RED GATES FOUNDATION (EIN 30-1201296)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-14
- IRS object ID
- 202323189349103922
- Schema version
- 2022v5.0
- 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
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-14T13:58:15-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 541631262 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEITER STEPHENS HURST GARY & SHREAVES | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4401 DOMINION BLVD | AddressLine1Txt |
| City | GLEN ALLEN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23060 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 301201296 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RED GATES FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | REDG | BusinessNameControlTxt |
| Phone | 8046434200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 EAST CANAL ST 1900 | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23219 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEFF GALANTI | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 8046434200 | PhoneNum |
| Signature | 2023-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JEFF | PersonFirstNm |
| Person Last | GALANTI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| 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 | VIRGINIA R BELCHER | PreparerPersonNm |
| PTIN | P00421964 | PTIN |
| Phone | 8047470000 | 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 | 2022 | 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 | $1,405,364,412 | 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 | $2,047,286,838 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $6,667,910 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,667,910 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $0 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $135,329,426 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $2,057,779 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $13,184,794 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,056,012,527 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $19,852,704 | TotalNetInvstIncmAmt |
| 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 |
| Oth Empl Slrs Wgs Rev And Expnss | $529,169 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $18,739 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $406,700 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $50,241 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $1,593 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $36,789 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $13,196 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $13,196 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $9,652 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,014,703 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $954,042 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $86,715 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $1,334,996 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $676,243 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $5,931 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $15,011 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $6,679 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $6,679 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $33,386 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $26,623 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,668,265 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $980,305 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $591,713 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $76,601,365 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,278,773 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $80,269,630 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $980,305 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,870,486 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,975,742,897 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $18,872,399 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $250,634 | CashBOYAmt |
| Cash EOY | $6,409,187 | CashEOYAmt |
| Cash EOYFMV | $6,409,187 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $4,986 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $5,053 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $5,053 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $13,105,470 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $13,105,470 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $13,105,470 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,385,844,702 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,385,844,702 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $255,620 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,405,364,412 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,405,364,412 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $895,860 | AccountsPayableEOYAmt |
| Grants Payable EOY | $73,322,592 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $59,125,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $133,343,452 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $255,620 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $1,272,020,960 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $255,620 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,272,020,960 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $255,620 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,405,364,412 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $255,620 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,975,742,897 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $1,975,998,517 | SubtotalAmt |
| Other Decreases | $703,977,557 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,272,020,960 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (43 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| 572,253 SHS MEITUAN DIANPING CL B | P | $11,989,885 | $2,845,226 | $9,144,659 | $9,144,659 |
| 510 SHS PUT BAIDU INC | P | $151,872 | $151,872 | $151,872 | |
| 200 SHS PUT BAIDU INC | P | $68,687 | $68,687 | $68,687 | |
| 1,200 SHS PUT NIOINC ADS | P | $66,261 | $66,261 | $66,261 | |
| 2,200 SHS PUT NIOINC ADS | P | $135,712 | $135,712 | $135,712 | |
| 404,194 SHS AT&T | P | $9,588,322 | $10,222,228 | -$633,906 | -$633,906 |
| 6,074 SHS ABEMARLE CORPORATION | P | $1,361,419 | $1,675,844 | -$314,425 | -$314,425 |
| 24,910 SHS AMAZON | P | $3,481,165 | $4,809,176 | -$1,328,011 | -$1,328,011 |
| 32,422 SHS APPLE | P | $4,747,239 | $4,312,796 | $434,443 | $434,443 |
| 676,158 SHS BAUSCH HEALTH | P | $3,335,234 | $9,355,508 | -$6,020,274 | -$6,020,274 |
| 6,231 SHS EXXON MOBIL CORP | P | $504,955 | $362,528 | $142,427 | $142,427 |
| 29,572 SHS META PLATFORMS INC | P | $5,818,931 | $7,437,819 | -$1,618,888 | -$1,618,888 |
| 3,806 SHS GOLDMAN SACHS GROUP | P | $1,176,864 | $1,172,920 | $3,944 | $3,944 |
| 25,998 SHS MORGAN STANLEY | P | $2,089,835 | $2,333,997 | -$244,162 | -$244,162 |
| 122,500 SHS SPDR SERIES TRUST | P | $15,388,046 | $12,887,544 | $2,500,502 | $2,500,502 |
| 44,882 SHS STRYKER CORP | P | $9,316,542 | $11,528,990 | -$2,212,448 | -$2,212,448 |
| 135,298 SHS UPSTART HOLDINGS INC | P | $3,447,175 | $15,814,345 | -$12,367,170 | -$12,367,170 |
| 10,000 SHS NOVOCURE LIMITED | P | $768,362 | $777,059 | -$8,697 | -$8,697 |
| 200 SHS CALL - UPSTART HOLDINGS | P | $106,196 | $106,196 | $106,196 | |
| 100 SHS CALL - UPSTART HOLDINGS | P | $47,994 | $47,994 | $47,994 | |
| 300 SHS CALL - UPSTART HOLDINGS | P | $98,406 | $98,406 | $98,406 | |
| 300 SHS CALL - UPSTART HOLDINGS | P | $199,281 | $199,281 | $199,281 | |
| 300 SHS CALL - UPSTART HOLDINGS | P | $137,681 | $137,681 | $137,681 | |
| 400 SHS CALL - UPSTART HOLDINGS | P | $264,225 | $264,225 | $264,225 | |
| 300 SHS CALL - UPSTART HOLDINGS | P | $69,768 | $69,768 | $69,768 | |
| 495 SHS ALPHABET INC | P | $1,389,542 | $676,973 | $712,569 | $712,569 |
| 32,061 SHS AMAZON | P | $4,281,333 | $5,690,058 | -$1,408,725 | -$1,408,725 |
| 22,319 SHS APPLE | P | $3,510,911 | $2,113,267 | $1,397,644 | $1,397,644 |
| 298,929 SHS BAUSCH HEALTH | P | $1,394,775 | $6,481,515 | -$5,086,740 | -$5,086,740 |
| 54,109 SHS EXXON MOBIL | P | $4,384,949 | $2,452,795 | $1,932,154 | $1,932,154 |
| 21,923 SHS META PLATFORMS | P | $4,281,700 | $4,445,101 | -$163,401 | -$163,401 |
| 26,528 SHS GOLDMAN SACHS | P | $8,155,707 | $5,053,194 | $3,102,513 | $3,102,513 |
| 8,702 SHS MORGAN STANLEY | P | $699,506 | $460,015 | $239,491 | $239,491 |
| 5,034 SHS NVIDIA CORP | P | $1,346,034 | $442,816 | $903,218 | $903,218 |
| 122,054 SHS NOVOCURE LIMITED | P | $9,378,170 | $13,216,045 | -$3,837,875 | -$3,837,875 |
| 481,316 SHS DIDI GLOBAL INC | P | $1,815,147 | $851,929 | $963,218 | $963,218 |
| 76,665 SHS MARRIOTT INTERNATIONAL | P | $11,841,577 | $10,429,622 | $1,411,955 | $1,411,955 |
| 404,194 SHS AT&T - WASH SALE DISALLOWED LOSS | P | $314,425 | $314,425 | $314,425 | |
| 32061 SHS AMAZON - WASH SALE DISALLOWED LOSS | P | $401,767 | $401,767 | $401,767 | |
| EVF OFFSHORE PARTNERS FUND PFIC GAIN | P | $519,094 | $519,094 | $519,094 | |
| CLUBUP | D | $260,065 | $25,427 | $234,638 | $234,638 |
| JUNIPER GULF FREEWAY | D | $6,083,356 | $2,843,635 | $3,239,721 | $3,239,721 |
| JUNIPER HARBOR GLEN | D | $911,311 | $357,669 | $553,642 | $553,642 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$5,746,615 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $262,326 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $262,326 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $262,326 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $152,243 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $152,243 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $11,289 | EsPenaltyAmt |
| Tax Due | $121,372 | 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 | Yes (1) | 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 | THE ORGANIZATION | IndividualWithBooksNm |
| Phone | 8046434200 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 EAST CANAL STREET SUITE 1900 | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23219 | 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 (4 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 H GOODWIN JR | ||||||||
| 800 EAST CANAL STREET SUITE 1900 | RICHMOND | VA | 23219 | CHAIRMAN | 1.00 | $0 | $0 | $0 |
| MATTHEW T GOODWIN | ||||||||
| 800 EAST CANAL STREET SUITE 1900 | RICHMOND | VA | 23219 | VICE CHAIRMAN | 1.00 | $0 | $0 | $0 |
| JAMES A JONES | ||||||||
| 800 EAST CANAL STREET SUITE 1900 | RICHMOND | VA | 23219 | TREASURER | 1.00 | $0 | $0 | $0 |
| RICHARD J HIGGERSON | ||||||||
| 800 EAST CANAL STREET SUITE 1900 | RICHMOND | VA | 23219 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| JEFF GALANTI | ||||||||
| 800 E CANAL ST SUITE 1900 | RICHMOND | VA | 23219 | EXECUTIVE DIRECTOR | 40.00 | $425,000 | $18,300 | $0 |
| STEPHANIE HICKS | ||||||||
| 800 E CANAL ST SUITE 1900 | RICHMOND | VA | 23219 | DIR OF FINANCE AND A | 40.00 | $100,072 | $6,379 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,547,017,125 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,196,362 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $14,290,982 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,570,504,469 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,570,504,469 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $23,557,567 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,546,946,902 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $77,347,345 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $77,347,345 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $262,326 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $39,198 | IncomeTaxAmt |
| Total Tax | $301,524 | TotalTaxAmt |
| Distributable Before Adj | $77,045,821 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $77,045,821 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $77,045,821 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,870,486 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,870,486 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $77,045,821 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $412,295 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $138,419 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $550,714 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,870,486 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,870,486 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $550,714 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $550,714 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $72,624,621 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| SHELTERING ARMS FOUNDATION | |||||||
| 8226 MEADOWBRIDGE ROAD | MECHANICSVILLE | VA | 23116 | NONE | PC | GENERAL SUPPORT | $10,000 |
| UP RVA | |||||||
| 4609 WYTHE AVENUE | RICHMOND | VA | 23226 | NONE | PC | GENERAL SUPPORT | $50,000 |
| COMMUNITY COALITION OF SUSSEX | |||||||
| 9436 MAYES ST | JARRATT | VA | 23867 | NONE | PC | GENERAL SUPPORT | $200,000 |
| CRISTO REY | |||||||
| 11 EAST ADAMS STREET SUITE 800 | CHICAGO | IL | 60603 | NONE | PC | GENERAL SUPPORT | $600,000 |
| DARDEN SCHOOL | |||||||
| 100 DARDEN BLVD | CHARLOTTESVILLE | VA | 22903 | NONE | PC | GENERAL SUPPORT | $1,000,000 |
| ELIJAH HOUSE ACADEMY | |||||||
| 6627-B JAHNKE ROAD | RICHMOND | VA | 23225 | NONE | PC | GENERAL SUPPORT | $168,773 |
| NORTHSTAR ACADEMY | |||||||
| 11501 NUCKOLS ROAD | GLEN ALLEN | VA | 23059 | NONE | PC | GENERAL SUPPORT | $1,250,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,278,773 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (8 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| SHELTERING ARMS FOUNDATION | |||||||
| 8226 MEADOWBRIDGE ROAD | MECHANICSVILLE | VA | 23116 | NONE | PC | GENERAL SUPPORT | $10,000 |
| COMMUNITY COALITION OF SUSSEX | |||||||
| 9436 MAYES ST | JARRATT | VA | 23867 | NONE | PC | GENERAL SUPPORT | $150,000 |
| DARDEN SCHOOL | |||||||
| 100 DARDEN BLVD | CHARLOTTESVILLE | VA | 22903 | NONE | PC | GENERAL SUPPORT | $4,000,000 |
| NORTHSTAR ACADEMY | |||||||
| 11501 NUCKOLS ROAD | GLEN ALLEN | VA | 23059 | NONE | PC | GENERAL SUPPORT | $2,500,000 |
| JAMES RIVER ASSOCIATION | |||||||
| 16 S 17TH STREET SUITE 100 | RICHMOND | VA | 23219 | NONE | PC | GENERAL SUPPORT | $100,000 |
| SPORTSBACKERS | |||||||
| 100 AVENUE OF CHAMPIONS | RICHMOND | VA | 23230 | NONE | PC | GENERAL SUPPORT | $500,000 |
| SWIM RVA | |||||||
| 5050 RIDGEDALE PARKWAY | RICHMOND | VA | 23234 | NONE | PC | GENERAL SUPPORT | $250,000 |
| COMMONWEALTH FOUNDATION FOR CANCER RESEARCH | |||||||
| 800 E CANAL ST SUITE 1900 | RICHMOND | VA | 23219 | NONE | PC | GENERAL SUPPORT | $75,103,124 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $82,613,124 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,667,910 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 24 | ExclusionCd |
| Exclusion | $2,057,779 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $0 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $8,725,689 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $8,725,689 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ESTATE OF WILLIAM H GOODWIN III | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 EAST CANAL ST STE 1900 | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23219 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,047,286,838 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $9,652 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MARKETABLE SECURITIES | FMV | $566,354,392 | $566,354,392 |
| PRIVATE EQUITY INVESTMENTS | FMV | $24,030,779 | $24,030,779 |
| REAL ESTATE | FMV | $1,390,000 | $1,390,000 |
| INVESTMENTS MEASURED AT NAV | FMV | $794,069,531 | $794,069,531 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $13,196 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $13,196 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAINS/LOSSES | Desc |
| Amt | $703,977,557 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADMINSTRATIVE EXPENSES | $26,623 | $0 | $26,623 |
| INSURANCE | $6,763 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| INCOME FROM PASSTHROUGH ENTITIES | $2,057,779 | $12,558,898 | $2,057,779 |
| EVR OFFSHORE PARTNERS | $0 | $625,896 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| OTHER CURRENT LIABILITIES | $0 | $5,050,000 |
| LINE OF CREDIT | $0 | $54,075,000 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $887,988 | $914,042 | $0 |
| OTHER PROFESSIONAL FEES | $126,715 | $40,000 | $86,715 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ESTATE OF WILLIAM HGOODWIN III | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 EAST CANAL ST | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23219 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $0 | $4,498 | $0 |
| EXCISE TAXES | $653,394 | $0 | $0 |
| PAYROLL TAXES | $22,849 | $1,433 | $15,011 |