Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
The Chase Foundation of Virginia
 

Number and street (or P.O. box number if mail is not delivered to street address)300 Preston Avenue No 500   Room/suite
City or town, state, and ZIP code
Charlottesville, VA229025096
A Employer identification number

54-1770697
B Telephone number (see page 10 of the instructions)

(434) 293-9104
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$16,307,361J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 3,798 3,798  
4 Dividends and interest from securities...... 196,653 196,653  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -138,075
b Gross sales price for all assets on line 6a 5,503,278
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -261,715 0  
12 Total. Add lines 1 through 11........ -199,339 200,451  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,000 0   4,000
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 207 207   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 693 0   693
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,019 6,869   150
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,919 7,076   4,843
25 Contributions, gifts, grants paid........ 674,921 674,921
26 Total expenses and disbursements. Add lines 24 and 25 686,840 7,076   679,764
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -886,179
b Net investment income (if negative, enter -0-) 193,375
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 4,420 38 38
2 Savings and temporary cash investments.......... 2,935,855 3,064,645 3,064,645
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   4,827    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet   50,000 0 0
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........   20,000 20,000
10a Investments—U.S. and state government obligations (attach schedule) 7,909,479 Click to see attachment7,543,125 7,533,486
b Investments—corporate stock (attach schedule)........ 498,235 Click to see attachment843,546 1,267,445
c Investments—corporate bonds (attach schedule)........ 2,217,259 Click to see attachment1,462,062 1,414,071
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,536,035 Click to see attachment2,350,776 3,007,676
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,156,110 15,284,192 16,307,361
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 16,156,110 15,284,192
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 16,156,110 15,284,192
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 16,156,110 15,284,192
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 16,156,110
2 Enter amount from Part I, line 27a...................... 2 -886,179
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 14,261
4 Add lines 1, 2, and 3.......................... 4 15,284,192
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 15,284,192
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly traded securities P    
b Publicly traded securities P    
c Loss on termination of Ridgewood J fund P 2004-07-01 2010-07-01
d Eggs Overnight Series A preferred stock 200,000 shares/ P 2008-09-01 2010-12-31
e Gain from class action litigation P 2008-07-01 2010-04-09
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 3,099,700   3,110,952 -11,252
b 2,403,456   2,425,790 -22,334
c     4,611 -4,611
d     100,000 -100,000
e 122     122
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -11,252
b       -22,334
c       -4,611
d       -100,000
e       122
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -138,075
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 758,875 12,757,047 0.059487
2008 529,213 9,784,319 0.054088
2007 521,325 9,792,049 0.053240
2006 573,161 9,815,239 0.058395
2005 575,323 9,956,468 0.057784
2 Total of line 1, column (d) ...................... 2 0.282994
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.056599
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 15,775,048
5 Multiply line 4 by line 3....................... 5 892,852
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,934
7 Add lines 5 and 6......................... 7 894,786
8 Enter qualifying distributions from Part XII, line 4.............. 8 679,764
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,868
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 3,868
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,868
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 4,120
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 1,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,120
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,252
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet1,252 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletVA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletDerwood S Chase Jr Telephone no.bullet (434) 293-9104
    Located atbullet300 Preston Avenue Suite 500CharlottesvilleVA ZIP+4bullet229025096
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Derwood S Chase Jr President and trustee
    0.08     		0 0 0
    400 Wellington Drive
    Charlottesville,VA22903
    Johanna B Chase Secretary and trustee
    0.08     		0 0 0
    400 Wellington Drive
    Charlottesville,VA22903
    Stuart F Chase Vice-President, Treasurer & trustee
    0.08     		0 0 0
    645 Plantation Ct
    Charlottesville,VA22903
    Stephen Moore Regular Trustee
    0.08     		0 0 0
    2011 Freedom Ln
    Falls Church,VA22043
    Cheryl O Chase Regular Trustee
    0.08     		0 0 0
    4807 Ellensburg Dr
    Dallas,TX75244
    Alejandro A Chafuen PhD Regular Trustee
    0.08     		0 0 0
    2000 N 14th Street St 550
    Arlington,VA22201
    John C Goodman Regular Trustee
    0.08     		0 0 0
    12770 Coit Rd St 800
    Dallas,TX75251
    Walter E Williams Regular Trustee
    0.08     		0 0 0
    4400 University Drive
    Fairfax,VA22030
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    14,724,882
    b
    Average of monthly cash balances.......................
    1b
    1,281,061
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    9,334
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,015,277
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    16,015,277
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    240,229
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,775,048
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    788,752
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    788,752
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    3,868
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,868
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    784,884
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    784,884
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    784,884
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    679,764
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    679,764
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    679,764
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 784,884
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 43,939
    b From 2006....... 108,175
    c From 2007....... 46,945
    d From 2008....... 53,199
    e From 2009....... 125,137
    fTotal of lines 3a through e......... 377,395
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 679,764
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 679,764
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 105,120 105,120
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 272,275
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		272,275
    10 Analysis of line 9:
    a Excess from 2006.... 46,994
    b Excess from 2007.... 46,945
    c Excess from 2008.... 53,199
    d Excess from 2009.... 125,137
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Derwood S Chase Jr
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    Derwood S Chase Jr
    300 Preston Avenue Suite 500
    Charlottesville,VA229025096
    (434) 293-9104
    bThe form in which applications should be submitted and information and materials they should include:
    No form has been prescribed by the organization.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Charitable organizations must meet the criteria specified in Article 2, Paragraph C(a) of the foundation's trust agreement.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Acton Institute for the Study of Religion and Liberty
    161 Ottawa Avenue NW Suite 301
    Grand Rapids,MI49503     		None Other Public Charity To provide general support (charitable) 25,000
    Alliance for School Choice
    5080 N 40th Street Suite 375
    Phoenix,AZ85018     		None Other Public Charity To provide general support (charitable) 10,000
    American Friends of the Institute of Economic Affairs
    2000 North 14th Street Suite 550
    Arlington,VA22201     		None Other Public Charity To provide general support (charitable) 10,000
    American Spectator Foundation Inc
    1611 North Kent Street Suite 901
    Arlington,VA22209     		None Other Public Charity To provide general support (charitable) 5,000
    Americans for Prosperity (National Chapter)
    2111 Wilson Blvd Ste 350
    Arlington,VA22201     		None Other Public Charity To provide general support (charitable) 20,000
    Americans for Prosperity (Virginia Chapter)
    1108 E Main Street Suite 1003
    Richmond,VA23219     		None Other Public Charity To provide general support (charitable) 5,000
    Atlas Economic Research Foundation
    2000 North 14TH Street Suite 550
    Arlington,VA22201     		None Other Public Charity To provide general support (charitable) 37,000
    Atlas Society Center for Objectivism
    1001 Connecticut Avenue Suite 425
    Washington,DC20036     		None Other Public Charity To provide general support (charitable) 10,000
    Buckeye Institute for Public Policy Solutions
    88 East Broad Street Suite 1120
    Columbus,OH432153506     		None Other Public Charity To provide general support (charitable) 5,000
    Capital Research Center
    1513 16th Street NW
    Washington,DC200361480     		None Other Public Charity To provide general support (charitable) 6,000
    Cascade Policy Institute
    813 SW Alder Suite 450
    Portland,OR97205     		None Other Public Charity To provide general support (charitable) 10,000
    Cato Institute
    1000 Massachusetts Ave NW
    Washington,DC20001     		None Other Public Charity To provide general support (charitable) 25,000
    Claremont Institute
    937 West Foothill Boluevard Suite E
    Claremont,CA91771     		None Other Public Charity To provide general support (charitable) 2,500
    Committee for a Constructive Tomorrow
    PO Box 65722
    Washington,DC20035     		None Other Public Charity To provide general support (charitable) 2,000
    Competitive Enterprise Institute
    1001 Connecticut Avenue NW Suite
    1250
    Washington,DC20036     		None Other Public Charity To provide general support (charitable) 19,000
    Ethan Allen Institute
    4836 Kirby Mountain Road
    Concord,VT05824     		None Other Public Charity To provide general support (charitable) 3,000
    Evergreen Freedom Foundation
    pO Box 552
    Olympia,WA98507     		None Other Public Charity To provide general support (charitable) 15,000
    Families Against Manatory Minimums
    1612 K Street NW Suite 700
    Washington,DC20006     		None Other Public Charity To provide general support (charitable) 2,000
    Federalist Society for Law & Public Policy Studies
    1015 18th Street NW Suite 425
    Washington,DC200361480     		None Other Public Charity To provide general support (charitable) 12,000
    Flint Hills Center For Public Policy
    250 N Water St Suite 216
    Wichita,KS672021216     		None Other Public Charity To provide general support (charitable) 6,000
    Foundation for Economic Education
    30 South Broadway
    IrvingtononHudson,NY10533     		None Other Public Charity To provide general support (charitable) 12,000
    Foundation for Individual Rights in Education
    601 Walnut Street Suite 510
    Philadelphia,PA19106     		None Other Public Charity To provide general support (charitable) 15,000
    Foundation for Research on Economics and the Environment
    662 Ferguson Road
    Bozeman,MT59718     		None Other Public Charity To provide general support (charitable) 15,000
    Fraser Institute
    4th Floor 1770 Burrard Street
    Vancouver,British ColumbiaV6J3G7
    CA     		None Other Public Charity To provide general support (charitable) 17,421
    FreedomWorks
    601 Pennsylvania Avenue NW North
    Bldg Ste 700
    Washington,DC20004     		None Other Public Charity To provide general support (charitable) 15,000
    Fund for American Studies
    1706 New Hampshire Avenue NW
    Washington,DC20009     		None Other Public Charity To provide general support (charitable) 14,000
    Future of Freedom Foundation
    11350 Random Hills Road Suite 800
    Fairfax,VA22030     		None Other Public Charity To provide general support (charitable) 12,000
    Goldwater Institute
    500 E Coronado Road
    Phoenix,AZ85018     		None Other Public Charity To provide general support (charitable) 12,000
    Heartland Institute
    19 South LaSalle Suite 903
    Chicago,IL60603     		None Other Public Charity To provide general support (charitable) 25,000
    Hispanic American Center for Economic Research
    910 17th Street NW Suite 422
    Washington,DC200062605     		None Other Public Charity To provide general support (charitable) 10,000
    Independent Institute
    100 Swan Way
    Oakland,CA946211428     		None Other Public Charity To provide general support (charitable) 8,000
    Independent Women's Forum
    4400 Jenifer St Suite 240
    Washington,DC20015     		None Other Public Charity To provide general support (charitable) 2,000
    Institute for Energy Research
    6524 San Felipe PMB 287
    Houston,TX770572611     		None Other Public Charity To provide general support (charitable) 5,000
    Institute for Health Freedom
    1875 Eye Street NW Suite 500
    Washington,DC20006     		None Other Public Charity To provide general support (charitable) 10,000
    Institute for Humane Studies
    3301 North Fairfax Drive Suite 440
    Arlington,VA222014432     		None Other Public Charity To provide general support (charitable) 12,000
    Institute for Justice
    901 N Glebe Rd Ste 900
    Arlington,VA22203     		None Other Public Charity To provide general support (charitable) 33,000
    Intercollegiate Studies Institute Inc
    3901 Centerville Rd PO Box 4431
    Wilmington,DE19807     		None Other Public Charity To provide general support (charitable) 1,000
    James Madison Institute
    PO Box 37460
    Tallahassee,FL32315     		None Other Public Charity To provide general support (charitable) 2,000
    John Locke Foundation
    200 W Morgan 200
    Raleigh,NC27601     		None Other Public Charity To provide general support (charitable) 10,000
    Landmark Legal Foundation
    19415 Deerfield Avenue Suite 312
    Leesburg,VA20176     		None Other Public Charity To provide general support (charitable) 4,000
    Law Enforcement Against Prohibition
    121 Mystic Avenue
    Medford,MA02155     		None Other Public Charity To provide general support (charitable) 4,000
    Locke Institute
    5188 Dungannon Road
    Fairfax,VA22030     		None Other Public Charity To provide general support (charitable) 13,000
    Ludwig von Mises Institute
    518 West Magnolia Avenue
    Auburn,AL368324528     		None Other Public Charity To provide general support (charitable) 10,000
    Mackinac Center for Public Policy
    140 West Main Street / PO Box 568
    Midland,MI48640     		None Other Public Charity To provide general support (charitable) 12,000
    Montreal Economic Institute
    1010 Sherbrooke St West Suite 930
    Montreal,QuebecH3A 2R7
    CA     		None Other Public Charity To provide general support (charitable) 10,000
    National Center for Policy Analysis
    12770 Coit Rd Suite 800
    Dallas,TX75251     		None Other Public Charity To provide general support (charitable) 36,000
    National Journalism Center
    110 Elden Street Suite A
    Herndon,VA20170     		None Other Public Charity To provide general support (charitable) 10,000
    Pacific Legal Foundation
    3900 Lennane Drive Suite 200
    Sacramento,CA95834     		None Other Public Charity To provide general support (charitable) 10,000
    Pacific Research Institute for Public Policy
    755 Sansome Street Suite 450
    San Francisco,CA94111     		None Other Public Charity To provide general support (charitable) 15,000
    Philadelphia Society
    11620 Rutan Circle
    Jerome,MI492499530     		None Other Public Charity To provide general support (charitable) 2,000
    Property and Environment Research Center
    2048 Analysis Drive Suite A
    Bozeman,MT597186829     		None Other Public Charity To provide general support (charitable) 12,000
    Reason Foundation
    3415 S Sepulveda Blvd Suite 400
    Los Angeles,CA90034     		None Other Public Charity To provide general support (charitable) 30,000
    Rio Grande Foundation
    P O Box 40336
    Albuquerque,NM87196     		None Other Public Charity To provide general support (charitable) 5,000
    State Policy Network
    2020 North 14th Street Suite 250
    Arlington,VA22201     		None Other Public Charity To provide general support (charitable) 10,000
    The Tax Foundation
    529 14th Street NW Suite 420
    Washington,DC200451000     		None Other Public Charity To provide general support (charitable) 5,000
    Thomas Jefferson Institute for Public Policy
    9035 Golden Sunset Lane
    Springfield,VA22153     		None Other Public Charity To provide general support (charitable) 4,000
    Virginia Institute for Public Policy
    7326 Early Marker Court
    Gainesville,VA201551865     		None Other Public Charity To provide general support (charitable) 23,000
    Total .................................bullet 3a 674,921
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 3,798  
    4 Dividends and interest from securities....     14 196,653  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     18 201  
    8Gain or (loss) from sales of assets other than inventory     18 -138,075  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aRidgewood Energy I Fund LLC ordinary loss 211110 -2,015      
    bRidgewood Energy J Fund LLC ordinary loss 211110 -26,409      
    cRidgewood Energy K Fund LLC ordinary loss 211110 -18,710      
    dRidgewood Energy L Fund LLC ordinary loss 211110 -7,290      
    eRidgewood Energy M Fund LLC ordinary loss 211110 -7,172      
    fRidgewood Energy N Fund LLC ordinary loss 211110 -16,789      
    gRidgewood Energy O Fund LLC ordinary loss 211110 -4,790      
    hRidgewood Energy P Fund LLC ordinary income 211110 2,097      
    iRidgewood Energy Q Fund LLC ordinary loss 211110 -2,925      
    jRidgewood Energy R Fund ordinary loss 211110 -3,180      
    kRidgewood Energy S Fund LLC ordinary loss 211110 -9,944      
    lWestern Drilling Program 2008-B ordinary loss 211110 -1,999      
    mWestern Drilling Program 2010-B ordinary loss 211110 -155,716      
    nWestern Drilling Program Badger/Bush ordinary loss 211110 -2,210      
    oRodgewood Energy O Fund LLC Section 1231 loss 211110 -2,536      
    pRidgewood Energy S Fund LLC Section 1231 loss 211110 -2,328      
    12 Subtotal. Add columns (b), (d), and (e).. -261,916 62,577 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13-199,339
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    The Chase Foundation of Virginia
    EIN: 54-1770697
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 4,000 0   4,000

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    The Chase Foundation of Virginia
    EIN: 54-1770697
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Corporate Bonds 1,462,062 1,414,071

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    The Chase Foundation of Virginia
    EIN: 54-1770697
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Common Stocks 843,546 1,267,445

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    The Chase Foundation of Virginia
    EIN: 54-1770697
    US Government Securities - End of Year Book Value:

    7,543,125
    US Government Securities - End of Year Fair Market Value:

    7,533,486
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2010 InvestmentsOtherSchedule2
    Name:
    The Chase Foundation of Virginia
    EIN: 54-1770697
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Mutual Funds FMV 1,831,945 2,438,541
    Ridgewood Energy I Fund, L.L.C. FMV 15,255 5,384
    Ridgewood Energy J Fund, L.L.C. FMV 0 0
    Ridgewood Energy K Fund, L.L.C. FMV 9,026 3,844
    Ridgewood Energy L Fund, L.L.C. FMV 32,818 17,547
    Ridgewood Energy M Fund, L.L.C. FMV 33,300 13,641
    Ridgewood Energy N Fund, L.L.C. FMV 3,656 8,984
    Ridgewood Energy O Fund, L.L.C. FMV 78,535 59,437
    Ridgewood Energy P Fund, L.L.C. FMV 53,260 34,822
    Ridgewood Energy Q Fund, L.L.C. FMV 47,176 18,341
    Ridgewood Energy R Fund, L.L.C. FMV 10,774 17,570
    Ridgewood Energy S Fund, L.L.C. FMV 49,328 42,611
    Western Drilling Program 2008-B FMV 8,243 11,585
    200,000 shs. Eggs Overnight, Inc. (Privately Held) FMV 0 0
    Western Drilling Program 2010-B FMV 44,301 200,000
    Western Drilling Program Badger & Bush FMV 1,499 3,709
    333,333 shares Zounds, Inc. Series A2 preferred stock AT COST 25,000 25,000
    422,415 shares OurStage, Inc. Series B preferred stock AT COST 106,660 106,660

    TY 2010 OtherExpensesSchedule
    Name:
    The Chase Foundation of Virginia
    EIN: 54-1770697
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Custody Fees 6,869 6,869   0
    Credit card fees 150 0   150


    TY 2010 OtherIncomeSchedule2
    Name:
    The Chase Foundation of Virginia
    EIN: 54-1770697
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LTCG from Oil & Gas K-1 (Ridgewood Energy Q Fund, L.L.C.) 132 0 132
    LTCG from Oil & Gas K-1 (Ridgewood S Fund) 69 0 69
    Ridgewood Energy I Fund LLC ordinary loss -2,015   -2,015
    Ridgewood Energy J Fund LLC ordinary loss -26,409   -26,409
    Ridgewood Energy K Fund LLC ordinary loss -18,710   -18,710
    Ridgewood Energy L Fund LLC ordinary loss -7,290   -7,290
    Ridgewood Energy M Fund LLC ordinary loss -7,172   -7,172
    Ridgewood Energy N Fund LLC ordinary loss -16,789   -16,789
    Ridgewood Energy O Fund LLC ordinary loss -4,790   -4,790
    Ridgewood Energy P Fund LLC ordinary income 2,097   2,097
    Ridgewood Energy Q Fund LLC ordinary loss -2,925   -2,925
    Ridgewood Energy R Fund ordinary loss -3,180   -3,180
    Ridgewood Energy S Fund LLC ordinary loss -9,944   -9,944
    Western Drilling Program 2008-B ordinary loss -1,999   -1,999
    Western Drilling Program 2010-B ordinary loss -155,716   -155,716
    Western Drilling Program Badger/Bush ordinary loss -2,210   -2,210
    Rodgewood Energy O Fund LLC Section 1231 loss -2,536   -2,536
    Ridgewood Energy S Fund LLC Section 1231 loss -2,328   -2,328


    TY 2010 OtherIncreasesSchedule
    Name:
    The Chase Foundation of Virginia
    EIN: 54-1770697
    Description Amount
    Federal tax refund 5,006
    Percentage Depletion 9,255


    TY 2010 TaxesSchedule
    Name:
    The Chase Foundation of Virginia
    EIN: 54-1770697
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes 207 207   0