JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION (EIN 13-3097502)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-05-10
IRS object ID: 201721309349101202
Schema version: 2016v3.0
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
Accounting Fees Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-05-10T11:05:01-05:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RSM US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1185 AVENUE OF THE AMERICAS	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	100362602	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	133097502	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE JOSEPH AND ROBERT CORNELL	BusinessNameLine1Txt
Business Name Line2	MEMORIAL FOUNDATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	JOSE	BusinessNameControlTxt
Phone	2123721000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE BOARS HEAD POINTE SUITE 127	AddressLine1Txt
City	CHARLOTTESVILLE	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22903	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOSEPH ERDMAN	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	2123721000	PhoneNum
Signature	2017-05-10	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LYNNE JOHNSON	PreparerPersonNm
PTIN	P00757336	PTIN
Phone	2123721000	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	108.171.131.188	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-05-10	IPDt
IP Tm	12:02:30	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	0929B5D661FF64C4990E233E562ABD7C86C4029C	AtSubmissionCreationDeviceId
At Submission Filing Device Id	1EF9788F4BB6ECFF5F50DA24D2FA537A6C9DC926	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$84,327,178	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$10,576	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$10,576	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$2,640,766	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$2,640,766	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$5,496,337	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$34,529,147	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$5,496,337	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$35,635	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$35,635	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$8,183,314	TotalRevAndExpnssAmt
Total Net Invst Incm	$8,183,314	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$322,699	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$32,270	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$290,429	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$30,436	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$0	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$30,436	OthEmplSlrsWgsDsbrsChrtblAmt
Legal Fees Rev And Expnss	$39,275	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$39,275	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$15,550	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$7,775	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$7,775	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$168,252	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$134,602	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$33,650	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$118,019	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$2,854	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$15,165	TaxesDsbrsChrtblAmt
Occupancy Rev And Expnss	$16,034	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$8,017	OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl	$8,017	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$28,603	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$28,603	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$9,005	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$490	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$6,574	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$747,873	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$186,008	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$459,924	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$3,577,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$3,577,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$4,325,373	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$186,008	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$4,037,424	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$3,857,941	ExcessRevenueOverExpensesAmt
Net Investment Income	$7,997,306	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$1,630,669	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$4,493,503	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$4,493,503	SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY	$0	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$997,523	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$998,640	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$41,318,809	CorporateStockBOYAmt
Corporate Stock EOY	$40,868,096	CorporateStockEOYAmt
Corporate Stock EOYFMV	$68,360,868	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$1,135,480	CorporateBondsBOYAmt
Corporate Bonds EOY	$1,135,480	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$1,196,650	CorporateBondsEOYFMVAmt
Other Investments BOY	$7,115,028	OtherInvestmentsBOYAmt
Other Investments EOY	$7,568,782	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$8,420,600	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$419,014	OtherAssetsBOYAmt
Other Assets EOY	$413,557	OtherAssetsEOYAmt
Other Assets EOYFMV	$856,917	OtherAssetsEOYFMVAmt
Total Assets BOY	$51,619,000	TotalAssetsBOYAmt
Total Assets EOY	$55,476,941	TotalAssetsEOYAmt
Total Assets EOYFMV	$84,327,178	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Capital Stock BOY	$51,619,000	CapitalStockBOYAmt
Capital Stock EOY	$51,619,000	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$0	RetainedEarningBOYAmt
Retained Earning EOY	$3,857,941	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$51,619,000	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$55,476,941	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$51,619,000	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$55,476,941	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$51,619,000	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$3,857,941	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$55,476,941	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$55,476,941	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDesc	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	How AcquiredHowAcquiredCd
PUBLICLY TRADED SECURITIES	$14,179,632	$14,981,027	-$801,395	-$801,395
PUBLICLY TRADED SECURITIES	$20,336,224	$14,051,783	$6,284,441	$6,284,441
CAPITAL GAINS DIVIDENDS	$13,291		$13,291	$13,291	P

Field	Value	IRS element (for citing)
Capital Gain Net Income	$5,496,337	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	0	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$4,069,761	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$81,924,835	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.049677	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$3,726,683	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$83,760,218	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.044492	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$2,181,940	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$76,286,306	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.028602	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$2,242,540	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$68,992,768	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.032504	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$1,959,141	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$65,393,427	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.029959	DistributionYr5Rt
Total Distribution	0.185234	TotalDistributionRt
Average Distribution	0.037047	AverageDistributionRt
Net Vl Noncharitable Assets	$82,932,733	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$3,072,409	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$79,973	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$3,152,382	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$4,037,424	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	$79,973	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$79,973	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$79,973	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$188,556	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$188,556	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Overpayment	$108,583	OverpaymentAmt
Applied To ES Tax	$108,583	AppliedToESTaxAmt
Refund	$0	RefundAmt

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	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	RSM US LLP	IndividualWithBooksNm
Phone	2123721000	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1185 AVENUE OF AMERICAS	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	100362602	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	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	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

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
RICHARD M ADER
500 CRESTWOOD DRIVE	PALM COAST	FL	32137	TRUSTEE	20.00	$161,349	$0	$0
JOSEPH ERDMAN
550 SE MIZNER BLVD	BOCA RATON	FL	33432	TRUSTEE	20.00	$161,349	$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

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FIDUCIARY TRUST COMPANY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	175 FEDERAL STREET	AddressLine1Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02110	ZIPCd

Field	Value	IRS element (for citing)
Service Type	CUSTODY FEES	ServiceTypeTxt
Compensation	$168,252	CompensationAmt

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt
Expenses1	$0	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	NOT APPLICABLE	Description1Txt
Expenses1	$0	Expenses1Amt
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$80,147,133	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$3,188,889	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$859,646	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$84,195,668	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$84,195,668	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,262,935	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$82,932,733	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$4,146,637	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$4,146,637	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$79,973	TaxBasedOnInvestmentIncomeAmt
Total Tax	$79,973	TotalTaxAmt
Distributable Before Adj	$4,066,664	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$4,066,664	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$4,066,664	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$4,037,424	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$4,037,424	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$79,973	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$3,957,451	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$4,066,664	DistributableAsAdjustedAmt
Undistributed Income PY	$4,025,374	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$4,037,424	QualifyingDistributionsAmt
Applied To Year1	$4,025,374	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$12,050	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	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	$4,054,614	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 (30 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ASH LAWN OPERA
226 E HIGH STREET	CHARLOTTESVILLE	VA	22902	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$125,000
COOK CHILDREN'S HEALTH FOUNDATION
801 7TH AVENUE	FORT WORTH	TX	76104	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$50,000
FOCUSED ULTRASOUND FOUNDATION
1230 CEDARS COURT SUITE F	CHARLOTTESVILLE	VA	22903	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$50,000
GEORGIA'S FRIENDS
911 EAST JEFFERSON STREET	CHARLOTTESVILLE	VA	22902	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$10,000
HOSPICE OF THE PIEDMONT
675 PETER JEFFERSON PARKWAY	CHARLOTTESVILLE	VA	22911	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$50,000
JEFFERSON SCHOLARS FOUNDATION
112 CLARKE COURT	CHARLOTTESVILLE	VA	22903	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$50,000
JEFFERSON SCHOOL AFRICAN AMERICAN HERITAGE CENTER
233 4TH STREET NW	CHARLOTTESVILLE	VA	22903	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$5,000
LIVE IN CONCERT
104 NORTHAMPTON ROAD	AMHERST	MA	01002	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$25,000
MARTHA JEFFERSON HOSPITAL FOUNDATION
500 MARTHA JEFFERSON DRIVE	CHARLOTTESVILLE	VA	22911	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$250,000
MARY BALDWIN UNIVERSITY
NEW STREET AND FREDERICK STREET	STAUNTON	VA	24401	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$10,000
METROPOLITAN OPERA GUILD
70 LINCOLN CENTER PLAZA FL 6	NEW YORK	NY	10023	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$10,000
MONTPELIER FOUNDATION
11407 CONSTITUTION HWY	MONTPELIER STATION	VA	22957	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$500,000
MUNICIPAL BAND OF CHARLOTTESVILLE
1119 5TH STREET NW	CHARLOTTESVILLE	VA	22902	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$2,500
PRESERVATION VIRGINIA
204 WEST FRANKLIN STREET	RICHMOND	VA	232205012	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$10,000
SANTA FE OPERA
301 OPERA DRIVE	SANTA FE	NM	87506	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$10,000
SENIOR CENTER OF CHARLOTTESVILLE
1180 PEPSI PL	CHARLOTTESVILLE	VA	22901	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$10,000
ST BARTHOLOMEW'S CONSERVANCY INC
325 PARK AVENUE	NEW YORK	NY	10022	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$75,000
THE MILLER CENTER
2333 OLD IVY ROAD	CHARLOTTESVILLE	VA	22903	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$250,000
THOMAS JEFFERSON FOUNDATION INC
PO BOX 217	CHARLOTTESVILLE	VA	22902	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$500,000
UNION SETTLEMENT ASSOCIATION
237 E 104TH STREET	NEW YORK	NY	10029	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$10,000
UNIVERSITY OF VIRGINIA - COLLEGE FOUNDATION
155 RUGBY ROAD	CHARLOTTESVILLE	VA	22904	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$150,000
UNIVERSITY OF VIRGINIA - FRALIN MUSEUM OF ARTS
155 RUGBY ROAD	CHARLOTTESVILLE	VA	22904	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$300,000
UNIVERSITY OF VIRGINIA ARTS GROUNDS
155 RUGBY ROAD	CHARLOTTESVILLE	VA	22904	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$5,000
UNIVERSITY OF VIRGINIA CENTER FOR POLITICS
155 RUGBY ROAD	CHARLOTTESVILLE	VA	22904	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$20,000
UNIVERSITY OF VIRGINIA FILM FESTIVAL
155 RUGBY ROAD	CHARLOTTESVILLE	VA	22904	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$125,000
UNIVERSITY OF VIRGINIA HERITAGE THEATER
155 RUGBY ROAD	CHARLOTTESVILLE	VA	22904	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$50,000
UVA CHARLOTTESVILLE SYMPHONY
155 RUGBY ROAD	CHARLOTTESVILLE	VA	22904	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$70,000
VIRGINIA CONSORT
1658 BRANDYWINE DRIVE	CHARLOTTESVILLE	VA	22901	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$5,000
VIRGINIA FOUNDATION FOR THE HUMANITIES & PUBLIC POLICY
145 EDNAM PLACE	CHARLOTTESVILLE	VA	22903	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$100,000
WNET
825 EIGHTH AVENUE	NEW YORK	NY	10019	NONE	PC	GRANT IS FOR DONEE'S EXEMPT PURPOSE	$750,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$3,577,500	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$10,576	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,640,766	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$5,496,337	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	PERMISSIONS AND LICENSES	Desc
Exclusion	01	ExclusionCd
Exclusion	$35,635	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$8,183,314	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$8,183,314	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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	RSM US LLP	CategoryTxt
Amt	$15,550	Amt
Net Investment Income	$7,775	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$7,775	DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (4 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
400,000 AT&T INC	$395,296	$415,596
250,000 BANK OF AMERICA CORP	$249,974	$257,245
100,000 BARCLAYS BANK PLC	$99,748	$106,433
400,000 VERIZON COMMUNICATIONS	$390,462	$417,376

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (54 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
20,000 ABBOTT LABORATORIES	$588,809	$768,200
600 ADVANSIX INC	$2,917	$13,284
35,000 ALLIANT ENERGY GROUP	$399,117	$1,326,150
1,000 ALPHABET INC CLASS A	$330,892	$792,450
1,002 ALPHABET INC CLASS C	$331,512	$773,364
10,000 AMERICAN ELECTRIC POWER CO	$266,202	$629,600
10,000 APPLE INC	$752,690	$1,158,200
45,000 AT&T INC	$1,492,686	$1,913,850
30,000 BANK OF AMERICA CORP COM	$473,548	$663,000
20,000 BRISTOL-MYERS SQUIBB CO	$272,774	$1,168,800
25,000 CHEVRON CORP	$1,521,644	$2,942,500
55,000 CISCO SYSTEMS INC	$1,048,471	$1,662,100
40,000 COCA-COLA CO COM	$1,601,338	$1,658,400
10,000 COLGATE PALMOLIVE	$358,902	$654,400
10,000 CVS HEALTH CORP COM	$795,292	$789,100
10,000 EQT CORP	$196,280	$654,000
25,000 EXXON MOBIL CORP	$1,960,831	$2,256,500
70,000 GENERAL ELECTRIC CO	$1,837,067	$2,212,000
18,000 GENERAL MILLS	$583,130	$1,111,860
30,000 GLACIER BANCORP INC	$833,220	$1,086,900
15,000 HONEYWELL INTL INC	$544,356	$1,737,750
40,000 HORMEL FOODS CORP	$129,132	$1,392,400
3,000 ILLINOIS TOOL WORKS INC	$341,431	$367,380
30,000 INTEL CORP	$1,105,755	$1,088,100
20,000 JOHNSON AND JOHNSON COM	$1,099,841	$2,304,200
25,000 JP MORGAN CHASE & CO	$1,672,447	$2,157,250
9,000 KELLOGG CO	$484,826	$663,390
10,000 KIMBERLY CLARK	$613,913	$1,141,200
15,000 MARATHON PETROLEUM CORP	$281,058	$755,250
10,000 MCDONALDS CORP	$1,163,301	$1,217,200
10,000 MDU RESOURCES GROUP INC	$45,178	$287,700
35,000 MERCK & CO INC	$1,317,160	$2,060,450
50,000 MICROSOFT CORP	$1,288,252	$3,107,000
10,000 NEW JERSEY RESOURCE CORP	$40,265	$355,000
10,000 NEXTERA ENERGY INC	$141,428	$1,194,600
10,000 NIKE INC CL B	$516,818	$508,300
15,000 PEPSICO INC	$811,735	$1,569,450
30,000 PFIZER INC	$552,204	$974,400
20,000 PHILLIPS 66	$1,430,143	$1,728,200
20,000 PPG INDUSTRIES INC	$444,507	$1,895,200
10,000 PUBLIC STORAGE	$1,590,605	$2,235,000
25,000 PROCTER & GAMBLE CO	$1,529,518	$2,102,000
10,000 SEMPRA ENERGY	$194,025	$1,006,400
5,000 SOUTH JERSEY INDUSTRIES	$23,854	$168,450
20,000 SOUTHERN COMPANY	$545,741	$983,800
20,000 SOUTHWEST GAS CORP	$273,980	$1,532,400
30,000 US BANCORP	$1,288,216	$1,541,100
4,000 VANGUARD HEALTH CARE ETF	$508,080	$507,080
10,000 VANGUARD TELECOM SERVICE ETF	$801,529	$1,001,500
45,000 VERIZON COMMUNICATIONS	$1,769,882	$2,402,100
10,000 WALT DISNEY HOLDING CO	$779,548	$1,042,200
10,000 WESTAR ENERGY INC	$180,411	$563,500
64,000 WEYERHAEUSER CO	$1,442,443	$1,925,760
15,000 XCEL ENERGY INC	$269,192	$610,500

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$997,523	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$998,640	USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY	$0	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$0	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (7 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
260,761 DNP SELECT INCOME FD INC	FMV	$2,350,113	$2,667,585
44,304 HANCOCK JOHN PREMIUM DIV FUND	FMV	$493,660	$693,358
10,000 INVESCO BOND FUND	FMV	$169,724	$184,900
5,000 ISHARES CORE S & P 500 EFT	FMV	$991,024	$1,124,950
63,616 MORGAN STANLEY INCOME SECURITIES	FMV	$1,039,138	$1,141,271
72,502 PUTNAM HIGH INCOME SECS	FMV	$536,153	$594,516
167,000 PIMCO INCOME FUND	FMV	$1,988,970	$2,014,020

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp (2 entries)

CategoryCategoryTxt	Legal FeesLegalFeesAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MCGUIREWOODS LLP	$11,160	$0	$11,160
PROSKAUER ROSE LLP	$28,115	$0	$28,115

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
PROGRAM RELATED ASSETS	$379,440	$379,440	$822,800
DUE FROM BROKER	$39,574	$34,117	$34,117

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ANNUAL FILING FEE	$1,500	$0	$1,500
BANK FEE	$490	$490	$0
OFFICE SUPPLIES	$1,941	$0	$0
PAYROLL SERVICES	$1,841	$0	$1,841
WEBSITE DESIGN	$1,500	$0	$1,500
OTHER EXPENSES	$1,733	$0	$1,733

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	PERMISSIONS AND LICENSES	Desc
Revenue And Expenses Per Books	$35,635	RevenueAndExpensesPerBooksAmt
Net Investment Income	$35,635	NetInvestmentIncomeAmt
Adjusted Net Income	$35,635	AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	FIDUCIARY TRUST CUSTODY FEE	CategoryTxt
Amt	$168,252	Amt
Net Investment Income	$134,602	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$33,650	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL EXCISE TAX	$100,000	$0	$0
FOREIGN TAX PAID	$2,854	$2,854	$0
PAYROLL TAXES	$15,165	$0	$15,165