RED GATES FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: RED GATES FOUNDATION (EIN 30-1201296)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-13
IRS object ID: 202513179349102486
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
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Liabilities Schedule
Other Professional Fees Schedule
Substantial Contributors Sch
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-13T14:28:29-06:00	ReturnTs
Tax Period End	2024-12-31	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	2024-01-01	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	8046134619	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	920 LIBBIE AVE 105	AddressLine1Txt
City	RICHMOND	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23226	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JEFF GALANTI	PersonNm
Person Title	EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	8046134619	PhoneNum
Signature	2025-11-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

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

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)
Address Change	Yes (X)	AddressChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$1,521,801,051	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	$950,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$706,366	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$706,386	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$10,067,270	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$10,761,518	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$64,327,286	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$263,995,093	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$64,327,286	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$3,280,173	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$2,538,000	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$79,331,095	TotalRevAndExpnssAmt
Total Net Invst Incm	$78,333,190	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	$1,125,355	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$390,751	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$638,135	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$145,523	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$41,677	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$81,824	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$37,333	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$21,145	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$16,188	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$65,462	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$0	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$0	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$946,895	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$946,895	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$0	OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss	$5,868,185	InterestRevAndExpnssAmt
Interest Net Invst Incm	$0	InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl	$0	InterestDsbrsChrtblAmt
Taxes Rev And Expnss	$1,289,568	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$16,151	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$24,942	TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$8,237	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$5,218	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$3,020	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$104,091	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$21,461	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$64,997	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$9,590,649	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$1,443,298	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$829,106	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$28,827,310	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$67,338,685	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$38,417,959	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$1,443,298	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$68,167,791	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$40,913,136	ExcessRevenueOverExpensesAmt
Net Investment Income	$76,889,892	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$4,851,352	CashBOYAmt
Cash EOY	$12,115,030	CashEOYAmt
Cash EOYFMV	$12,115,030	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$5,070	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$5,070	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$5,070	SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl	$12,748,105	OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct	$0	OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY	$12,378,738	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$12,748,105	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$12,748,105	OtherNtsAndLoansRcvblEOYFMVAmt
Other Investments BOY	$1,343,052,872	OtherInvestmentsBOYAmt
Other Investments EOY	$1,496,141,038	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$1,496,141,038	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$69,554	LandBldgEquipCostOrOtherBssAmt
Land BOY	$0	LandBOYAmt
Land EOY	$69,554	LandEOYAmt
Land EOYFMV	$69,554	LandEOYFMVAmt
Other Assets BOY	$7,628,744	OtherAssetsBOYAmt
Other Assets EOY	$722,254	OtherAssetsEOYAmt
Other Assets EOYFMV	$722,254	OtherAssetsEOYFMVAmt
Total Assets BOY	$1,367,916,776	TotalAssetsBOYAmt
Total Assets EOY	$1,521,801,051	TotalAssetsEOYAmt
Total Assets EOYFMV	$1,521,801,051	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$1,053,032	AccountsPayableBOYAmt
Accounts Payable EOY	$598,160	AccountsPayableEOYAmt
Grants Payable BOY	$148,305,215	GrantsPayableBOYAmt
Grants Payable EOY	$109,789,840	GrantsPayableEOYAmt
Other Liabilities BOY	$102,075,000	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$121,800,046	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$251,433,247	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$232,188,046	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$1,116,483,529	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$1,289,613,005	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$1,116,483,529	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$1,289,613,005	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$1,367,916,776	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$1,521,801,051	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$1,116,483,529	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$40,913,136	ExcessRevenueOverExpensesAmt
Other Increases	$132,216,340	OtherIncreasesAmt
Subtotal	$1,289,613,005	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$1,289,613,005	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (19 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
CAR POOL SALE OF PARTNERHSHIP INT	D	$393,257	$157,285	$235,972	$235,972
KIMBALL INC - POPPIN	D	$17,802		$17,802	$17,802
JP MORGAN 3659	D	$16,520,297	$17,921,475	-$1,401,178	-$1,401,178
JP MORGAN 3659	D	$3,465,620	$4,294,154	-$828,534	-$828,534
JP MORGAN 3659	D	$3,548,394	$789,544	$2,758,850	$2,758,850
WELLS FARGO 4648	D	$12,051,571	$11,410,779	$640,792	$640,792
WELLS FARGO 4648	D	$24,306,854	$24,306,854	$0	$0
WELLS FARGO 4648	D	$43,967,203	$32,957,130	$11,010,073	$11,010,073
WELLS FARGO 4648	D	$90,383,591	$56,289,588	$34,094,003	$34,094,003
WELLS FARGO 4648	D	$23,753,909	$4,726,812	$19,027,097	$19,027,097
WELLS FARGO 8843	D	$10,925,169	$10,225,887	$699,282	$699,282
WELLS FARGO 8843	D	$10,426,328	$7,744,909	$2,681,419	$2,681,419
WELLS FARGO 8843	D	$17,082,166	$11,924,568	$5,157,598	$5,157,598
ALIBABA GROUP HOLDINGS	D	$7,152,893	$14,097,552	-$6,944,659	-$6,944,659
JD.COM	D	$39	$37	$2	$2
GW6 INVESTMENT - DISPOSITION OF PARTNERSHIP INT	D		$440,378	-$440,378	-$440,378
JUNIPER HTX3 HOLDINGS - DISPOSITION OF PARTNERSHIP INT	D		$495,850	-$495,850	-$495,850
PLUTUS21 CRYPTO FUND - DISPOSITION OF PARTNERSHIP INT	D		$79,809	-$79,809	-$79,809
WESTHAMPTON INVESTMENT PARTNERS - DISPOSITION OF PARTNERSHIP INT	D		$1,805,196	-$1,805,196	-$1,805,196

Field	Value	IRS element (for citing)
Capital Gain Net Income	$64,327,286	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$1,068,769	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$1,068,769	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$1,068,769	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$1,279,260	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$375,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$1,654,260	TotalPaymentsAndCreditsAmt
Es Penalty	$650	EsPenaltyAmt
Overpayment	$584,841	OverpaymentAmt
Applied To ES Tax	$584,841	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	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	8046134619	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	920 LIBBIE AVE	AddressLine1Txt
City	RICHMOND	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23226	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 (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
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
RICHARD J HIGGERSON
800 EAST CANAL STREET SUITE 1900	RICHMOND	VA	23219	BOARD MEMBER	1.00	$0	$0	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 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	$541,461	$62,954	$0
MARK SMITH
800 E CANAL ST SUITE 1900	RICHMOND	VA	23219	DIRECTOR OF INVESTME	40.00	$390,687	$41,741	$0
STEPHANIE HICKS
800 E CANAL ST SUITE 1900	RICHMOND	VA	23219	DIR OF FINANCE AND A	40.00	$192,806	$38,151	$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	$1,439,642,190	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$7,739,223	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$13,847,993	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$1,461,229,406	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$1,461,229,406	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$21,918,441	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$1,439,310,965	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$71,965,548	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$71,965,548	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$1,068,769	TaxBasedOnInvestmentIncomeAmt
Total Tax	$1,068,769	TotalTaxAmt
Distributable Before Adj	$70,896,779	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$70,896,779	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$70,896,779	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$68,167,791	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$68,167,791	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$70,896,779	DistributableAsAdjustedAmt
Undistributed Income PY	$68,134,818	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$68,167,791	QualifyingDistributionsAmt
Applied To Year1	$68,134,818	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$32,973	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	$70,863,806	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 (33 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	Address Line2RecipientUSAddress/AddressLine2Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
AMERICAN CORPORATE PARTNERS
2 GRAND CENTRAL TOWER 140 E 45TH	STREET FLOOR 21	NEW YORK	NY	10017	GENERAL SUPPORT	$400,000
AMERICAN RED CROSS
2825 EMERYWOOD PARKWAY		RICHMOND	VA	23294	GENERAL SUPPORT	$100,000
ANNA JULIA COOPER SCHOOL
2124 NORTH 29TH STREET		RICHMOND	VA	23223	GENERAL SUPPORT	$10,200,000
COMMONWEALTH FOUNDATION FOR CANCER RESEARCH
800 EAST CANAL STREET SUITE 1900		RICHMOND	VA	23219	GENERAL SUPPORT	$20,840,729
CIRQUE LODGE FOUNDATION
777 N PALISADE DRIVE		OREM	UT	84097	GENERAL SUPPORT	$25,000
COMMONWEALTH AUTISM
4108 EAST PARHAN ROAD		RICHMOND	VA	23228	GENERAL SUPPORT	$375,000
COMMUNITY COALITION OF SUSSEX
PO BOX 502		STONY CREEK	VA	23882	GENERAL SUPPORT	$50,000
CONCORDANCE
6 CITYPLACE DRIVE SUITE 522 ST	LOUIS MO 63141	STL LOUIS	MO	63141	GENERAL SUPPORT	$5,000,000
CRISTO REY
304 N SHEPPARD STREET RICHMOND VA	23221	RICHMOND	VA	23221	GENERAL SUPPORT	$600,000
CROSSOVER HEALTHCARE MINISTRY
8600 QUIOCCASIN ROAD RICHMOND VA	23229	RICHMOND	VA	23229	GENERAL SUPPORT	$1,000,000
DARDEN SCHOOL
100 DARDEN BOULEVARD CHARLOTTESVILL	VA 22903	CHARLOTTESVILLE	VA	22903	GENERAL SUPPORT	$1,964,000
ELIJAH HOUSE ACADEMY
6627 JAHNKE ROAD RICHMOND VA 23225		RICHMOND	VA	23225	GENERAL SUPPORT	$256,227
FIRST TEE CHARLESTON
321 WINGO WAY SUITE 201 MOUNT	PLEASANT SC 29464	MOUNT PLEASANT	SC	29464	GENERAL SUPPORT	$250,000
FIRST TEE-GREATER RICHMOND
100 EVERETT STREET RICHMOND VA	23224	RICHMOND	VA	23224	GENERAL SUPPORT	$500,000
RICHMOND FISHER HOUSE FOUNDATION
12101 BROAD ROCK BOULEVARD RICHMOND	VA 23249	RICHMOND	VA	23249	GENERAL SUPPORT	$1,100,000
FOCUSED ULTRASOUND FOUNDATION
1230 CEDARS COURT SUITE 206	CHARLOTTESVILLE VA 22903	CHARLOTTESVILLE	VA	22903	GENERAL SUPPORT	$1,960,629
VIRGINIA TECH FOUNDATION INC
902 PRICES FORK ROAD SUITE 4000	BLACKSBURG VA 24061	BLACKSBURG	VA	24061	GENERAL SUPPORT	$10,000,000
GOOCHLAND CARES
2999 RIVER ROAD WEST GOOCHLAND VA	23063	GOOCHLAND	VA	23063	GENERAL SUPPORT	$250,000
JAMES RIVER ASSOCIATION
16 SOUTH 17TH STREET SUITE 100		RICHMOND	VA	23219	GENERAL SUPPORT	$20,000
LIBERATION VETERAN SERVICES
1201 HULL STREET		RICHMOND	VA	23224	GENERAL SUPPORT	$2,372,100
NEW SCHOOLS FOR VIRGINIA CORPORATION
1802 BAYBERRY COURT SUITE 401		RICHMOND	VA	23226	GENERAL SUPPORT	$850,000
NORTHSTAR ACADEMY
8055 SHRADER ROAD		RICHMOND	VA	23294	GENERAL SUPPORT	$1,000,000
OPERATION PATRIOTS FOB
198 OKATIE VILLAGE DRIVE STE	103-335	OKATIE	SC	29909	GENERAL SUPPORT	$250,000
PATRICK HENRY SCHOOL OF SCIENCE AND ARTS
3411 SEMMES AVE		RICHMOND	VA	23225	GENERAL SUPPORT	$300,000
RONALD MCDONAOLD HOUSE CHARITIES OF RICHMOND
2330 MONUMENT AVENUE		RICHMOND	VA	23220	GENERAL SUPPORT	$1,350,000
SPORTS BACKERS
100 AVENUE OF CHAMPIONS SUITE 300		RICHMOND	VA	23230	GENERAL SUPPORT	$225,000
YWCA RICHMOND
6 NORTH 5TH STREET		RICHMOND	VA	23219	GENERAL SUPPORT	$3,500,000
ST ANDREWS SCHOOL
227 SOUTH CHERRY STREET		RICHMOND	VA	23220	GENERAL SUPPORT	$100,000
SWIMRVA
5050 RIDGEDALE PARKWAY		RICHMOND	VA	23234	GENERAL SUPPORT	$50,000
UPRVA
2100 NORTH 29TH STREET		RICHMOND	VA	23223	GENERAL SUPPORT	$100,000
VANDERBILT UNIVERSITY MEDICAL CENTER
525 ROYAL PARKWAY		NASHVILLE	TN	37229	GENERAL SUPPORT	$2,000,000
VIRGINIA LITERACY FOUNDATION
413 STUART CIRCLE UNIT 303		RICHMOND	VA	23220	GENERAL SUPPORT	$250,000
VIRGINIA MUSEUM OF HISTORY & CULTURE
428 N ARTHUR ASHE BOULEVARD		RICHMOND	VA	23220	GENERAL SUPPORT	$100,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$67,338,685	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
ANNA JULIA COOPER SCHOOL
2124 NORTH 29TH STREET	RICHMOND	VA	23223	GENERAL SUPPORT	$4,000,000
COMMONWEALTH FOUNDATION FOR CANCER RESEARCH
800 EAST CANAL STREET SUITE 1900	RICHMOND	VA	23219	GENERAL SUPPORT	$47,016,438
CIRQUE LODGE FOUNDATION
777 N PALISADE DRIVE	OREM	UT	84097	GENERAL SUPPORT	$75,000
COMMUNITY COALITION OF SUSSEX
PO BOX 502	STONY CREEK	VA	23882	GENERAL SUPPORT	$50,000
CONCORDANCE
6 CITYPLACE DRIVE SUITE 522 ST	STL LOUIS	MO	63141	GENERAL SUPPORT	$7,500,000	LOUIS MO 63141
FIRST TEE-GREATER RICHMOND
100 EVERETT STREET RICHMOND VA	RICHMOND	VA	23224	GENERAL SUPPORT	$500,000	23224
VIRGINIA TECH FOUNDATION INC
920 PRICES FORK ROAD SUITE 4000	BLACKSBURG	VA	24061	GENERAL SUPPORT	$27,500,000
JAMES RIVER ASSOCIATION
16 SOUTH 17TH STREET SUITE 100	RICHMOND	VA	23219	GENERAL SUPPORT	$60,000
NEW SCHOOLS FOR VIRGINIA
1802 BAYBERRY COURT SUITE 401	RICHMOND	VA	23226	GENERAL SUPPORT	$399,999
SPORTS BACKERS
100 AVENUE OF CHAMPIONS SUITE 300	RICHMOND	VA	23230	GENERAL SUPPORT	$300,000
ST ANDREWS SCHOOL
227 SOUTH CHERRY STREET	RICHMOND	VA	23220	GENERAL SUPPORT	$300,000
SWIMRVA
5050 RIDGEDALE PARKWAY	RICHMOND	VA	23234	GENERAL SUPPORT	$150,000
THE VIRGINIA HOME
1101 HAMPTON ST	RICHMOND	VA	23220	GENERAL SUPPORT	$25,000,000
VANDERBILT UNIVERSITY MEDICAL CENTER
525 ROYAL PARKWAY	NASHVILLE	TN	37229	GENERAL SUPPORT	$2,000,000
VIRGINIA LITERACY FOUNDATION
413 STUART CIRCLE UNIT 303	RICHMOND	VA	23220	GENERAL SUPPORT	$250,000
VIRGINIA MUSEUM OF HISTORY AND CULTURE
428 N ARTHUR ASHE BOULEVARD	RICHMOND	VA	23220	GENERAL SUPPORT	$300,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$115,401,437	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$706,366	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$10,067,270	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$3,280,173	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$64,327,286	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$78,381,095	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$78,381,095	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	$950,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING	CategoryTxt
Amt	$65,462	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	$591,605,634	$591,605,634
PRIVATE EQUITY INVESTMENTS	FMV	$23,005,259	$23,005,259
REAL ESTATE	FMV	$11,477,520	$11,477,520
INVESTMENTS MEASURED AT NAV	FMV	$870,052,625	$870,052,625

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL	CategoryTxt
Legal Fees	$37,333	LegalFeesAmt
Net Investment Income	$21,145	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$16,188	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
REDEMPTIONS RECEIVABLE	$7,439,222	$532,732	$532,732
OTHER ASSETS	$189,522	$189,522	$189,522

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADMINSTRATIVE EXPENSES	$97,962	$21,461	$64,997
INSURANCE	$6,129	$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	$2,528,671	$1,786,498	$2,528,671
ROCKETTS RIDGE LLC	$751,502	$751,502	$0

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDesc	AmtAmt
BOOK TAX DIFFERENCE IN REALIZED GAINS AND LOSSES	$60,554,054
UNREALIZED GAINS/LOSSES	$71,662,286

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	LINE OF CREDIT	Desc
BOY Book Value	$102,075,000	BOYBookValueAmt
EOY Book Value	$121,800,046	EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	INVESTMENT MANAGEMENT FEES	CategoryTxt
Amt	$946,895	Amt
Net Investment Income	$946,895	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

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 (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXCISE TAXES	$1,241,842	$0	$0
PAYROLL TAXES	$47,726	$16,151	$24,942