CULP FAMILY FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- CULP FAMILY FOUNDATION (EIN 45-5394566)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-07-25
- IRS object ID
- 202532069349100303
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-07-25T07:06:43-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 GREENSBORO DRIVE 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455394566 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CULP FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % BDO USA | InCareOfNm |
| Business Name Control | CULP | BusinessNameControlTxt |
| Phone | 7038930600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 Greensboro Dr 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HENRY LAWRENCE CULP JR | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 7038930600 | PhoneNum |
| Signature | 2025-05-15 | 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 | Matthew Bart | PreparerPersonNm |
| PTIN | P01283555 | PTIN |
| Phone | 7038930600 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $73,161,945 | 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 | $49,984,969 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $140,083 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $140,083 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $441,975 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $441,975 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $14,899,916 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $19,399,178 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $14,899,916 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,888 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $65,468,831 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $15,481,974 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $4,100 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $4,100 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $126,937 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $126,937 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $7,999 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,111 | TaxesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $139,036 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $133,048 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $4,100 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,313,777 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,313,777 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,452,813 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $133,048 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,317,877 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $63,016,018 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $15,348,926 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $43,828 | CashBOYAmt |
| Cash EOY | $17,391,017 | CashEOYAmt |
| Cash EOYFMV | $17,391,017 | CashEOYFMVAmt |
| Corporate Stock BOY | $8,912,556 | CorporateStockBOYAmt |
| Corporate Stock EOY | $14,069,172 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $52,237,537 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $4,458,794 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,607,045 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,527,113 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $83,437 | OtherAssetsBOYAmt |
| Other Assets EOY | $6,278 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $6,278 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $13,498,615 | TotalAssetsBOYAmt |
| Total Assets EOY | $35,073,512 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $73,161,945 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $13,498,615 | RetainedEarningBOYAmt |
| Retained Earning EOY | $35,073,512 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $13,498,615 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $35,073,512 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $13,498,615 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $35,073,512 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $13,498,615 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $63,016,018 | ExcessRevenueOverExpensesAmt |
| Subtotal | $76,514,633 | SubtotalAmt |
| Other Decreases | $41,441,121 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $35,073,512 | 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 | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| MS #5728 ST COVERED | P | 2024-01-01 | 2024-12-31 | $131,513 | $129,973 | $1,540 | $1,540 |
| MS #5728 LT COVERED | P | 2023-01-01 | 2024-12-31 | $1,036,710 | $1,054,679 | -$17,991 | -$17,969 |
| MS #5728 LT NON COVERED | P | 2023-01-01 | 2024-12-31 | $18,230,955 | $3,313,439 | $14,916,367 | $14,917,516 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $14,899,916 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $213,350 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $213,350 | SubtotalAmt |
| Tax Based On Investment Income | $213,350 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,888 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $265,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $266,888 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $138 | EsPenaltyAmt |
| Overpayment | $53,400 | OverpaymentAmt |
| Applied To ES Tax | $53,400 | 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 | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | VA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7038930600 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 GREENSBORO DR 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| H LAWRENCE CULP JR | ||||||||
| 8401 GREENSBORO DR 800 | MCLEAN | VA | 22102 | PRESIDENT | 1.0 | $0 | $0 | $0 |
| WENDY H CULP | ||||||||
| 8401 GREENSBORO DR 800 | MCLEAN | VA | 22102 | SECRETARY | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORGAN STANLEY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 NEW YORK PLAZA 7TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT ADVISORY | ServiceTypeTxt |
| Compensation | $126,937 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $26,682,963 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,378,842 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $29,061,805 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $29,061,805 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $435,927 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $28,625,878 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,431,294 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,431,294 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $213,350 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $213,350 | TotalTaxAmt |
| Distributable Before Adj | $1,217,944 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,217,944 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,217,944 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,317,877 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $2,317,877 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,217,944 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2022 | PriorYear1Yr |
| Prior Year2 | 2021 | PriorYear2Yr |
| Prior Year3 | 2020 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $46,295 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $103,207 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $53,071 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $670,265 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $872,838 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,317,877 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $1,217,944 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,099,933 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,972,771 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $46,295 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,926,476 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $103,207 | ExcessFromYear4Amt |
| Excess From Year2 | $53,071 | ExcessFromYear2Amt |
| Excess From Year1 | $670,265 | ExcessFromYear1Amt |
| Excess From Current Year | $1,099,933 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | H LAWRENCE CULP JR | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| THE POTOMAC SCHOOL | |||||||
| 1301 POTOMAC SCHOOL ROAD | MCLEAN | VA | 22101 | PC | 2024 GRANT FOR GENERAL OPERATING | $107,143 | |
| CHESAPEAKE BAY FOUNDATION | |||||||
| 6 HERNDON AVENUE | ANNAPOLIS | MD | 21403 | PC | 2024 GRANT FOR GENERAL OPERATING | $100,000 | |
| THE ANIMAL SHELTER FOR KENT COUNTY | |||||||
| 10720 AUGUSTINE HERMAN HWY | CHESTERTOWN | MD | 21620 | PC | 2024 GRANT FOR GENERAL OPERATINGG | $70,000 | |
| WASHINGTON COLLEGE GE SCHOLARS | |||||||
| 300 WASHINGTON AVE | CHESTERTOWN | MD | 21620 | PC | 2024 GRANT FOR GENERAL OPERATING | $266,000 | |
| KENT ATTAINABLE HOUSING INC | |||||||
| 200 RADCLIFFE DRIVE | CHESTERTOWN | MD | 21620 | PC | 2024 GRANT FOR GENERAL OPERATING | $10,000 | |
| HARVARD BUSINESS SCHOOL | |||||||
| 114 WESTERN AVE | BOSTON | MA | 02163 | PC | 2024 GRANT FOR GENERAL OPERATING | $400,000 | |
| WASHINGTON COLLEGE PAT ALLENDER CHAIR | |||||||
| 300 WASHINGTON AVE | CHESTERTOWN | MD | 21620 | PC | 2024 GRANT FOR GENERAL OPERATING | $125,000 | |
| WASHINGTON COLLEGE 4 FTE's | |||||||
| 300 WASHINGTON AVE | CHESTERTOWN | MD | 21620 | PC | 2024 GRANT FOR GENERAL OPERATING | $190,634 | |
| KIT-CARES INC | |||||||
| 103 CHURCH ALLEY | CHESTERTOWN | MD | 216201562 | PC | 2024 GRANT FOR GENERAL OPERATING | $100,000 | |
| SULTANA EDUCATION FOUNDATION | |||||||
| 200 S CROSS ST | CHESTERTOWN | MD | 21620 | PC | 2024 GRANT FOR GENERAL OPERATING | $250,000 | |
| OPEN DOORS | |||||||
| PO BOX 685 | BRIDGEVILLE | PA | 15017 | PC | 2024 GRANT FOR GENERAL OPERATING | $25,000 | |
| MARET SCHOOL | |||||||
| 3000 CATHEDRAL AVE NW | WASHINGTON | DC | 20008 | PC | 2024 GRANT FOR GENERAL OPERATING | $50,000 | |
| FOXG1 RESEARCH FOUNDATION | |||||||
| 1051 PORT WASHINGTON BLVD 1496 | PORT WASHINGTON | NY | 11050 | PC | 2024 GRANT FOR GENERAL OPERATING | $250,000 | |
| WAKE FOREST UNIVERSITY | |||||||
| 1834 WAKE FOREST ROAD | WINSTONSALEM | NC | 27109 | PC | 2024 GRANT FOR GENERAL OPERATING | $100,000 | |
| AMERICAN RED CROSS | |||||||
| 430 17TH ST NW | WASHINGTON | DC | 20006 | PC | 2024 GRANT FOR GENERAL OPERATING | $50,000 | |
| AIRLINK | |||||||
| 1120 20TH ST NW | WASHINGTON | DC | 20036 | PC | 2024 GRANT FOR GENERAL OPERATING | $45,000 | |
| UNIVERSITY OF MICHIGAN | |||||||
| 500 S STATE ST | ANN ARBOR | MI | 48109 | PC | 2024 GRANT FOR GENERAL OPERATING | $50,000 | |
| JOHN HOPKINS | |||||||
| 3400 N CHARLES STREET | BALTIMORE | MD | 21218 | PC | 2024 GRANT FOR GENERAL OPERATING | $125,000 | SAN MARTIN CENTER |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,313,777 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $582,058 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $14,899,916 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL TAX REFUND - APPLIED | Desc |
| Unrelated Business Taxbl Incm | $1,888 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $1,888 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $15,481,974 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $15,483,862 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | H LAWRENCE CULP JR WENDY CULP | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 Greensboro Dr 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $49,984,969 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | SEE ATTACHED | NoncashPropertyDesc |
| Fair Market Value | $49,984,969 | FairMarketValueAmt |
| Received | 2024-12-31 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEES | CategoryTxt |
| Amt | $4,100 | Amt |
| Disbursements Charitable Prps | $4,100 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | MS #5728 | StockNm |
| EOY Book Value | $14,069,172 | EOYBookValueAmt |
| EOYFMV | $52,237,537 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | MS #5728 | CategoryOrItemTxt |
| Book Value | $3,607,045 | BookValueAmt |
| EOYFMV | $3,527,113 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED INCOME | Desc |
| BOY Book Value | $83,437 | BOYBookValueAmt |
| EOY Book Value | $6,278 | EOYBookValueAmt |
| EOYFMV | $6,278 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTMENT FOR STOCK CONTRIBUTION | Desc |
| Amt | $41,441,121 | Amt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL TAX REFUND - APPLIED | Desc |
| Revenue And Expenses Per Books | $1,888 | RevenueAndExpensesPerBooksAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MS #5728 - INV FEE | CategoryTxt |
| Amt | $126,937 | Amt |
| Net Investment Income | $126,937 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| NT #6712 - FOREIGN TAX PAID | $6,111 | $6,111 |
| ESTIMATED TAXES PAID | $1,888 |