THE HITT FAMILY FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- THE HITT FAMILY FOUNDATION INC (EIN 54-1963708)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-14
- IRS object ID
- 201803189349103275
- Schema version
- 2017v2.3
- 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
- Depreciation Schedule
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-14T17:08:43-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PricewaterhouseCoopers LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1800 Tysons Boulevard | AddressLine1Txt |
| City | McLean | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 221024261 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541963708 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE HITT FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % RUSSELL A HITT | InCareOfNm |
| Business Name Control | HITT | BusinessNameControlTxt |
| Phone | 7038469000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Fairview Park Drive | AddressLine1Txt |
| City | Falls Church | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22042 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RUSSELL HITT | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7038469000 | PhoneNum |
| Signature | 2018-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GREG W SMITH | PreparerPersonNm |
| PTIN | P00041559 | PTIN |
| Phone | 7039183000 | PhoneNum |
| Preparation | 2018-11-09 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 155.201.188.33 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 54061720183185000025 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2018-11-14 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 82A648412EF1100CD01B1DCB50D8BCFD6C791012 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 21E97BFAB6D66C8FC6C9FB22D09221484F96EDED | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $8,127,735 | 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 | $160,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $81,326 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $81,326 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,071,032 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,616,478 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,071,032 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $1,312,358 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,152,358 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $105,984 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $105,984 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $6,204 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $2,601 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $537 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $114,789 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $105,984 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $537 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,897,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,097,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,012,289 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $105,984 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,098,037 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,699,931 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,046,374 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $259,907 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $107,224 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $107,224 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $9,172,351 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,020,511 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,020,511 | CorporateStockEOYFMVAmt |
| Land BOY | $0 | LandBOYAmt |
| Total Assets BOY | $9,432,258 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,127,735 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $8,127,735 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $9,432,258 | RetainedEarningBOYAmt |
| Retained Earning EOY | $8,127,735 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,432,258 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $8,127,735 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,432,258 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $8,127,735 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,432,258 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,699,931 | ExcessRevenueOverExpensesAmt |
| Other Increases | $595,945 | OtherIncreasesAmt |
| Subtotal | $7,328,272 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $7,328,272 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|
| OAKMARK FUND | D | 2017-12-14 | $53,704 | $53,704 | $53,704 | |
| WELLS FARGO SECURITIES | D | $4,226,038 | $825,134 | $825,134 | $3,400,904 | |
| WELLS FARGO SECURITIES | D | $290,301 | $176,500 | $176,500 | $113,801 | |
| WELLS FARGO SECURITIES | D | $2,046,435 | $15,694 | $15,694 | $2,030,741 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,071,032 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,204,929 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $8,089,619 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.272563 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,209,322 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $9,269,040 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.346241 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $3,011,236 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $8,750,586 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.344118 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $638,576 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $4,369,349 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.146149 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $400,000 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $3,641,152 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.109855 | DistributionYr5Rt |
| Total Distribution | 1.218926 | TotalDistributionRt |
| Average Distribution | 0.243785 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $9,848,709 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,400,968 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $10,464 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,411,432 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $3,098,037 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $10,464 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $10,464 | SubtotalAmt |
| Tax Based On Investment Income | $10,464 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $8,923 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $15,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $23,923 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $13,459 | OverpaymentAmt |
| Applied To ES Tax | $13,459 | 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 |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| 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 | 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 |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUSSELL A HITT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7038469000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 FAIRVIEW PARK DRIVE | AddressLine1Txt |
| City | FALLS CHURCH | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22042 | 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 (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| RUSSELL HITT | ||||||||
| 2900 Fairview Park Drive | Falls Church | VA | 22042 | PRESIDENT/TRUSTEE | 1.0 | $0 | $0 | $0 |
| BRETT HITT | ||||||||
| 2900 Fairview Park Drive | Falls Church | VA | 22042 | VICE PRESIDENT/TRUSTEE | 1.0 | $0 | $0 | $0 |
| JAMES MILLAR | ||||||||
| 2900 Fairview Park Drive | Falls Church | VA | 22042 | SECRETARY/TRUSTEE | 1.0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $9,760,726 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $237,963 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $9,998,689 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $9,998,689 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $149,980 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $9,848,709 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $492,435 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $492,435 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,464 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,464 | TotalTaxAmt |
| Distributable Before Adj | $481,971 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $481,971 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $481,971 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,098,037 | 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 | $3,098,037 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $10,464 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $3,087,573 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $481,971 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2015 | PriorYear1Yr |
| Prior Year2 | 2014 | PriorYear2Yr |
| Prior Year3 | 2013 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $220,305 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $425,957 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $2,594,235 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $2,766,226 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,814,590 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,821,313 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,098,037 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $481,971 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $2,616,066 | RemainingDistriFromCorpusAmt |
| Total Corpus | $10,437,379 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $160,000 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $220,305 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $10,217,074 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $425,957 | ExcessFromYear4Amt |
| Excess From Year3 | $2,594,235 | ExcessFromYear3Amt |
| Excess From Year2 | $2,766,226 | ExcessFromYear2Amt |
| Excess From Year1 | $1,814,590 | ExcessFromYear1Amt |
| Excess From Current Year | $2,616,066 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | RUSSELL HITT | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| FISHBURNE MILITARY SCHOOL | ||||||
| PO BOX 988 | WAYNESBORO | VA | 229800722 | PC | FIELD HOUSE CONSTRUCTION. | $250,000 |
| CENTRAL UNITED METHODIST CHURCH | ||||||
| 4201 NORTH FAIRFAX DRIVE | ARLINGTON | VA | 22203 | PC | General Donation and Cleaning | $250,000 |
| VIRGINIA HOSPITAL CENTER (GALEN SOCIETY) | ||||||
| 1701 N GEORGE MASON DRIVE | ARLINGTON | VA | 22205 | PC | Radiation Oncology Project | $200,000 |
| INOVA HEALTH SYSTEM FOUNDATION | ||||||
| 8110 Gatehouse Road Suite 200 East | Falls Church | VA | 220421210 | PC | General Donation | $437,500 |
| VIRGINIA TECH FOUNDATION | ||||||
| 902 PRICES FORK RD SUITE 4500 | BLACKSBURG | VA | 24060 | PC | MYERS-LAWSON SCHOOL OF CONSTRUCTION COMPLEX. | $1,800,000 |
| MEMORIAL FOUNDATION OF GERMANNA COLONIES IN VA INC | ||||||
| PO BOX 279 | LOCUST GROVE | VA | 22508 | PC | GRANT OF REAL PROPERTY - 7.38 ACRES OF LAND AT TAPPS FORD RD., AMISSVILLE, VA - FOR USE IN DEVELOPMENT OF NEW VISITOR CENTER. | $160,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,097,500 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VIRGINIA TECH FOUNDATION | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 902 PRICES FORK RD SUITE 4500 | AddressLine1Txt |
| City | BLACKSBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24060 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | MYERS-LAWSON SCHOOL OF CONSTRUCTION COMPLEX. | GrantOrContributionPurposeTxt |
| Amt | $4,000,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $4,000,000 | TotalGrantOrContriApprvFutAmt |
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 |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $81,326 | 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 Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,071,032 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,152,358 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,152,358 | 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 | RUSSELL HITT | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 FAIRVIEW PARK DRIVE | AddressLine1Txt |
| City | FALLS CHURCH | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $160,000 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | LAND DONATION | NoncashPropertyDesc |
| Fair Market Value | $160,000 | FairMarketValueAmt |
| Received | 2017-09-18 | ReceivedDt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| WELLS FARGO | $4,576,201 | $4,576,201 |
| VANGUARD | $1,863,109 | $1,863,109 |
| OAKMARK | $1,581,201 | $1,581,201 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|---|
| REGISTRATION FEE | $537 | |
| PROFESSIONAL FEES | $6,125 | |
| ADR FEES | -$3,524 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN IN MKT VALUE OF INVEST. | Desc |
| Amt | $595,945 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT CONSULTING FEES | CategoryTxt |
| Amt | $105,984 | Amt |
| Net Investment Income | $105,984 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| FEDERAL | $5,000 |
| FOREIGN | $1,204 |