Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
THE CHARLES FUND INC
C/O MCCALLUM & KUDRAVETZ PC
Number and street (or P.O. box number if mail is not delivered to street address)250 E HIGH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTESVILLE, VA22902
A Employer identification number

16-8064401
B Telephone number (see instructions)

(434) 293-8191
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$9,597,709J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 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 6 6  
4 Dividends and interest from securities... 247,585 247,585  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 134,630
b Gross sales price for all assets on line 6a 530,983
7 Capital gain net income (from Part IV, line 2)... 134,630
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).......      
12 Total. Add lines 1 through 11........ 382,221 382,221  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 37,500 5,700   31,800
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 57 0   57
b Accounting fees (attach schedule)....... Click to see attachment 3,000 0   3,000
c Other professional fees (attach schedule).... Click to see attachment 20,771 20,771   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,929 0   750
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 8,228 0   8,228
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 73,485 26,471   43,835
25 Contributions, gifts, grants paid....... 481,500 481,500
26 Total expenses and disbursements. Add lines 24 and 25 554,985 26,471   525,335
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -172,764
b Net investment income (if negative, enter -0-) 355,750
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 54,202 29,956 29,956
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,008,296 Click to see attachment8,859,778 9,567,753
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) 9,062,498 8,889,734 9,597,709
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 Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 9,062,498 8,889,734
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 instructions)..... 9,062,498 8,889,734
31 Total liabilities and net assets/fund balances (see instructions). 9,062,498 8,889,734
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
9,062,498
2
Enter amount from Part I, line 27a .....................
2
-172,764
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,889,734
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
8,889,734
Form 990-PF (2018)
Form 990-PF (2018)
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 VANGUARD P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(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 530,733   396,353 134,380
b 250     250
c
d
e
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       134,380
b       250
c
d
e
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 2 134,630
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 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 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))
2017 574,433 9,968,287 0.057626
2016 560,894 9,394,013 0.059708
2015 521,372 9,868,882 0.052830
2014 495,316 10,428,019 0.047499
2013 482,707 10,173,205 0.047449
2
Total of line 1, column (d) .....................
2
0.265112
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.053022
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
10,253,788
5
Multiply line 4 by line 3......................
5
543,676
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,558
7
Add lines 5 and 6........................
7
547,234
8
Enter qualifying distributions from Part XII, line 4,.............
8
525,335
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.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 7,115
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 7,115
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 7,115
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,680
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,680
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,435
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
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 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 instructions)
    bulletNY, VA
    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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    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 ofbulletTHE FOUNDATION Telephone no.bullet (434) 293-8191

    Located atbullet250 E HIGH STREETCHARLOTTESVILLEVA ZIP+4bullet22902
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    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 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (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 4945(d)(4)(A)? See 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 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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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 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
    JOSEPH W RICHMOND JR PRESIDENT
    15.00     		28,500 0 0
    250 E HIGH ST
    CHARLOTTESVILLE,VA22902
    J WALKER RICHMOND III SECRETARY & TREASURER
    5.00     		1,500 0 0
    250 E HIGH ST
    CHARLOTTESVILLE,VA22902
    BETSY CARVER VICE PRESIDENT
    1.00     		1,500 0 0
    250 E HIGH ST
    CHARLOTTESVILLE,VA22902
    DEBORAH MAGGS VICE PRESIDENT
    1.00     		1,500 0 0
    250 E HIGH ST
    CHARLOTTESVILLE,VA22902
    ANNE M FARNHAM DIRECTOR
    1.00     		1,500 0 0
    250 E HIGH ST
    CHARLOTTESVILLE,VA22902
    GREGORY CARVER DIRECTOR
    1.00     		1,500 0 0
    7717 GRIFFIN POND CT
    SPRINGFIELD,VA22153
    TIMOTHY ALEXANDER DIRECTOR
    1.00     		1,500 0 0
    250 E HIGH ST
    CHARLOTTESVILLE,VA22902
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see 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 THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 THE FOUNDATION HAS NO PROGRAM-RELATED INVESTMENTS 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see 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
    10,342,442
    b
    Average of monthly cash balances.......................
    1b
    67,495
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,409,937
    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
    10,409,937
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    156,149
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,253,788
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    512,689
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    512,689
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    7,115
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,115
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    505,574
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    505,574
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    505,574
    Part XII
    Qualifying Distributions (see 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
    525,335
    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
    525,335
    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 instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    525,335
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 505,574
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015...... 30,234
    d From 2016...... 95,481
    e From 2017...... 81,367
    fTotal of lines 3a through e........ 207,082
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 525,335
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 505,574
    e Remaining amount distributed out of corpus 19,761
    5 Excess distributions carryover applied to 2018. 0 0
    (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 5 226,843
    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 instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		226,843
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 30,234
    c Excess from 2016.... 95,481
    d Excess from 2017.... 81,367
    e Excess from 2018.... 19,761
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see 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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation had $5,000 or more in
    assets at any time during the year—see 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).)
    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 or e-mail address of the person to whom applications should be addressed:
    JOSEPH W RICHMOND JR
    250 E HIGH STREET
    CHARLOTTESVILLE,VA229025177
    (434) 293-8191
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT JOSEPH W. RICHMOND, JR.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO GRANTS ARE MADE TO INDIVIDUALS OR TO OTHER PRIVATE FOUNDATIONS.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    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
    ALBEMARLE COUNTY ROTARY CLUB FOUNDATION
    PO BOX 6075
    CHARLOTTESVILLE,VA22906     		NONE PC GENERAL PURPOSES OF DONEE 500
    ALBEMARLE HOUSING IMPROVEMENT PROGRAM
    2127 BERKMAR DR
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL PURPOSES OF DONEE 250
    ALLIANCE FOR INTERFAITH MINISTRIES
    1025 PARK ST
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL PURPOSES OF DONEE 250
    AMERICAN FRONTIER CULTURAL FOUNDATION
    1290 RICHMOND RD
    STAUNTON,VA24401     		NONE PC GENERAL PURPOSES OF DONEE 50,000
    ANGEL TREE
    207 RIDGE ST
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 500
    ARC OF THE PIEDMONT
    509 PARK ST
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    BLUE RIDGE AREA FOOD BANK
    96 LAUREL HILL RD
    VERONA,VA24482     		NONE PC GENERAL PURPOSES OF DONEE 250
    BOOK BASKETS
    125 CAMERON LN
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 500
    BOYS AND GIRLS CLUB
    PO BOX 707
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    CAMP HOLIDAY TRAILS
    400 HOLIDAY TRAILS LN
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 500
    CARING FOR CREATURES
    352 SANCTUARY LN
    PALMYRA,VA22963     		NONE PC GENERAL PURPOSES OF DONEE 500
    CASA
    818 E HIGH ST
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 500
    CENTER FOR NON PROFIT EXCELLENCE
    1701 A ALLIED ST
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 250
    CHARLOTTESVILLE AREA COMMUNITY FOUNDATION
    PO BOX 1767
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 1,000
    CHARLOTTESVILLE FREE CLINIC
    1138 ROSE HILL DR
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 500
    CHARLOTTESVILLE MUNICIPAL BAND
    1119 5TH ST SW
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    CHARLOTTESVILLE SCHOLARSHIP PROGRAM
    PO BOX 1221
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    CHARLOTTESVILLE TOMORROW
    100 5TH
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 5,000
    CHARLOTTESVILLE-ALBEMARLE RESCUE SQUAD
    828 MCINTIRE RD
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 500
    CHARLOTTESVILLE-ALBEMARLE SPCA
    3355 BERKMAR DR
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL PURPOSES OF DONEE 1,000
    COLONIAL WILLIAMSBURG FUND
    PO BOX 1776
    WILLIAMSBURG,VA23187     		NONE PC GENERAL PURPOSES OF DONEE 250
    COMPUTERS4KIDS
    945 2ND ST SE
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    GENESEE COUNTRY VILLAGE & MUSEUM
    1410 FLINT HILL RD
    MUMFORD,NY14511     		NONE PC GENERAL PURPOSES OF DONEE 30,000
    GEORGIAS HEALING HOUSE
    911 E JEFFERSON
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 500
    GOOD NEWS JAIL AND PRISON MINISTRY
    PO BOX 9760
    HENRICO,VA23228     		NONE PC GENERAL PURPOSES OF DONEE 250
    HABITAT FOR HUMANITY OF CHARLOTTESVILLE
    919 WEST MAIN ST
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 500
    HILLSIDE FAMILY OF AGENCIES
    ONE MUSTARD ST
    ROCHESTER,NY14609     		NONE PC GENERAL PURPOSES OF DONEE 50,000
    HOSPICE OF THE PIEDMONT
    675 PETER JEFFERSON PKWY
    CHARLOTTESVILLE,VA22911     		NONE PC GENERAL PURPOSES OF DONEE 15,000
    INTERNATIONAL NEIGHBORS
    2949 RIGGORY RIDGE RD
    CHARLOTTESVILLE,VA22911     		NONE PC GENERAL PURPOSES OF DONEE 250
    INTERNATIONAL RESCUE COMMITTEE
    609 E MARKET ST STE 104
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 500
    IVY CREEK FOUNDATION
    PO BOX 956
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    JAMESTOWN-YORKTOWN FOUNDATION INC
    PO BOX 1607
    WILLIAMSBURG,VA23187     		NONE PC GENERAL PURPOSES OF DONEE 250
    JEFFERSON AREA BOARD FOR AGING
    674 HILLSDALE DR STE 9
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL PURPOSES OF DONEE 25,000
    JEFFERSON ELDER CARE INC
    674 HILLSDALE DR 9
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL PURPOSES OF DONEE 500
    JEFFERSON SCHOOL AFRICAN AMERICAN HERITAGE CENTER
    233 4TH ST NW 2ND FLOOR
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 500
    JEFFERSON SCHOOL FOUNDATION
    233 4TH ST NW
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 500
    JEFFERSON-MADISON REGIONAL LIBRARY
    201 E MARKET ST
    CHARLOTTESVILLE,VA22902     		NONE GOVERNMENT ENTITY GENERAL PURPOSES OF DONEE 500
    LEARNING ALLY
    20 ROSZEL RD
    PRINCETON,NJ08540     		NONE PC GENERAL PURPOSES OF DONEE 250
    LEGAL AID JUSTICE CENTER
    1000 PRESTON AVE SUITE A
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 1,000
    LITERACY VOLUNTEERS
    233 4TH ST NW
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 5,000
    LOAVES AND FISHES FOOD PANTRY
    PO BOX 8001
    CHARLOTTESVILLE,VA22906     		NONE PC GENERAL PURPOSES OF DONEE 500
    MADISON HOUSE
    170 RUGBY RD
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 11,000
    MCINTIRE BOTANICAL GARDENS
    624 DAVIS AVE
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL PURPOSES OF DONEE 250
    MEALS ON WHEELS
    704 ROSE HILL DR
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 250
    MILLER CENTER OF PUBLIC AFFAIRS
    2201 OLD IVY RD
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 500
    MONTPELIER FOUNDATION
    PO BOX 911
    ORANGE,VA22960     		NONE PC GENERAL PURPOSES OF DONEE 50,000
    MULTIPLE-SCLEROSIS SOCIETY
    1 MORTON DR STE 106
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 500
    NATURE CONSERVANCY
    490 WESTFIELD RD
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL PURPOSES OF DONEE 250
    PARAMOUNT THEATER
    215 E MAIN ST
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    PVCC EDUCATIONAL FOUNDATION
    501 COLLEGE DR
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    READYKIDS
    1000 EAST HIGH ST
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL PURPOSES OF DONEE 500
    ROCHESTER MUSEUM AND SCIENCE CENTER
    657 EAST AVE
    ROCHESTER,NY14607     		NONE PC GENERAL PURPOSES OF DONEE 75,000
    ROCKFISH WILDLIFE SANCTUARY
    PO BOX 3
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    SALVATION ARMY
    207 RIDGE ST
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 500
    SANTA FUND
    806 E HIGH ST
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    SARA
    335 GREENBRIER DR STE 102
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL PURPOSES OF DONEE 250
    SENIOR CENTER INC
    1180 PEPSI PL
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL PURPOSES OF DONEE 5,000
    SENIORNAVIGATOR
    7501 BOULDER DR STE 201
    NORTH CHESTERFIELD,VA23225     		NONE PC GENERAL PURPOSES OF DONEE 250
    SERVICE DOGS OF VIRGINIA
    PO BOX 408
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 500
    SHELTER FOR HELP & EMERGENCY
    PO BOX 1013
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    SHENANDOAH NATIONAL PARK TRUST
    414 E MARKET ST STE A
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 25,000
    THE BRIDGE MINISTRY
    3054 DIXIE HILL RD
    BUCKINGHAM,VA23921     		NONE PC GENERAL PURPOSES OF DONEE 500
    THE HAVEN
    112 W MARKET ST
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    THE VIRGINIA COLLEGE FUND
    4900 AUGUSTA AVE 101
    RICHMOND,VA23230     		NONE PC GENERAL PURPOSES OF DONEE 10,000
    THE WOMEN'S INITIATIVE
    1101 E HIGH ST
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    THOMAS JEFFERSON AREA FOOD BANK
    1207 HARRIS ST
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 500
    THOMAS JEFFERSON FOUNDATION
    931 THOMAS JEFFERSON PKWY
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 50,000
    TWICE IS NICE
    923 PRESTON AVE
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 500
    UNITED WAY - THOMAS JEFFERSON AREA
    806 E HIGH ST
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 15,000
    URBAN AGRICULTURE COLLECTIVE
    405 AVON STREET
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    VA FOUNDATION FOR THE HUMANITIES
    145 EDNAM DR
    CHARLOTTESVILLE,VA22903     		NONE PC GENERAL PURPOSES OF DONEE 25,000
    VIRGINIA DISCOVERY MUSEUM
    524 E MAIN ST
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL PURPOSES OF DONEE 250
    VIRGINIA LAW FOUNDATION
    105 WHITEWOOD RD
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL PURPOSES OF DONEE 500
    VIRGINIA MUSEUM OF FINE ARTS
    200 N BLLVD
    RICHMOND,VA23220     		NONE PC GENERAL PURPOSES OF DONEE 250
    VIRGINIA MUSEUM OF HISTORY & CULTURE
    428 N BOULEVARD
    RICHMOND,VA23220     		NONE PC GENERAL PURPOSES OF DONEE 10,500
    VIRGINIA WILDLIFE CENTER
    1800 SOUTH DELPHINE AVE
    WAYNESBORO,VA22980     		NONE PC GENERAL PURPOSES OF DONEE 250
    WESTERN ALBEMARLE RESCUE SQUAD
    1265 CROZET AVE
    CROZET,VA22932     		NONE PC GENERAL PURPOSES OF DONEE 500
    WESTIMINSTER CANTERBURY OF THE BLUE RIDGE
    250 PANTOPS MTN RD
    CHARLOTTESVILLE,VA22911     		NONE PC GENERAL PURPOSES OF DONEE 1,000
    WINTERGREEN ADAPTIVE SPORTS
    11 GRASSY RIDGE
    ROSELAND,VA22967     		NONE PC GENERAL PURPOSES OF DONEE 250
    Total .................................bullet 3a 481,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    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 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....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 6  
    4 Dividends and interest from securities....     14 247,585  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 134,630  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 382,221 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    382,221
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    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 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) (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
    Sign Here
    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) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE CHARLES FUND INC
     
    C/O MCCALLUM & KUDRAVETZ PC
    EIN:
    16-8064401
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 3,000 0   3,000

    TY 2018 AllOthProgRltdInvestmentsSch
    Name:
    THE CHARLES FUND INC
     
    C/O MCCALLUM & KUDRAVETZ PC
    EIN:
    16-8064401
    Category Amount
    NONE 0

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE CHARLES FUND INC
     
    C/O MCCALLUM & KUDRAVETZ PC
    EIN:
    16-8064401
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANGUARD TOTAL BOND MARKET INDEX FUND ADMIRAL AT COST 1,088,275 1,062,104
    VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND ADM AT COST 877,001 896,163
    VANGUARD INTERMEDIATE-TERM INV GRADE ADMIRAL AT COST 602,223 581,500
    VANGUARD SHORT-TERM INV GRADE ADMIRAL AT COST 337,628 332,538
    VANGUARD TOTAL STOCK MARKET INDEX FUND ADMIRAL AT COST 3,451,290 4,117,611
    VANGUARD TOTAL INTERNATIONAL STOCK INDEX ADMIRAL AT COST 2,503,361 2,577,837

    TY 2018 LegalFeesSchedule
    Name:
    THE CHARLES FUND INC
     
    C/O MCCALLUM & KUDRAVETZ PC
    EIN:
    16-8064401
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATION 57 0   57


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE CHARLES FUND INC
     
    C/O MCCALLUM & KUDRAVETZ PC
    EIN:
    16-8064401
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT 20,771 20,771   0


    TY 2018 ReasonableCauseExplanation
    Name:
    THE CHARLES FUND INC
     
    C/O MCCALLUM & KUDRAVETZ PC
    EIN:
    16-8064401
    Explanation:
    LATE FILED RETURN DUE TO CCH SOFTWARE OUTAGE

    TY 2018 TaxesSchedule
    Name:
    THE CHARLES FUND INC
     
    C/O MCCALLUM & KUDRAVETZ PC
    EIN:
    16-8064401
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NEW YORK STATE FILING FEE 750 0   750
    2018 ESTIMATED TAX PAID 2,680 0   0
    2017 EXCISE TAX PAID 499 0   0