Form990-PF

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 07-01-2018 , and ending 06-30-2019
Name of foundation
RICHARD S REYNOLDS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1403 PEMBERTON ROAD NO 102
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RICHMOND, VA23233
A Employer identification number

54-6037003
B Telephone number (see instructions)

(804) 740-7350
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$49,233,180J 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 2,702 2,702  
4 Dividends and interest from securities... 800,317 800,317  
5a Gross rents............ 144,980 144,980  
b Net rental income or (loss) 144,980
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,599,125
b Gross sales price for all assets on line 6a 13,258,108
7 Capital gain net income (from Part IV, line 2)... 2,595,050
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 91,100 91,814  
12 Total. Add lines 1 through 11........ 3,638,224 3,634,863  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 44,555 4,456   40,099
15 Pension plans, employee benefits....... 23,068 2,307   20,761
16a Legal fees (attach schedule)......... Click to see attachment 3,768 0   3,768
b Accounting fees (attach schedule)....... Click to see attachment 4,875 0   4,875
c Other professional fees (attach schedule).... Click to see attachment 167,653 159,208   8,445
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 90,051 5,264   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,908 0  
20 Occupancy.............. 50,654 0   50,654
21 Travel, conferences, and meetings....... 3,412 0   3,412
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 149,882 132,236   13,442
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 540,826 303,471   145,456
25 Contributions, gifts, grants paid....... 2,089,903 2,089,903
26 Total expenses and disbursements. Add lines 24 and 25 2,630,729 303,471   2,235,359
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,007,495
b Net investment income (if negative, enter -0-) 3,331,392
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.............   1 1
2 Savings and temporary cash investments......... 2,163,102 2,521,331 2,521,331
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) 3,943,119 Click to see attachment3,862,326 3,935,063
b Investments—corporate stock (attach schedule)....... 22,626,632 Click to see attachment22,616,973 33,794,594
c Investments—corporate bonds (attach schedule)....... 6,186,279 Click to see attachment6,913,945 6,936,986
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,181,669 Click to see attachment2,195,573 1,920,873
14 Land, buildings, and equipment: basis bullet86,882
Less: accumulated depreciation (attach schedule) bullet85,596 2,311 Click to see attachment1,286 1,286
15 Other assets (describe bullet) Click to see attachment123,510 Click to see attachment123,046 Click to see attachment123,046
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,226,622 38,234,481 49,233,180
Liabilities 17 Accounts payable and accrued expenses.......... 942 1,306
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)......... 942 1,306
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........ 23,934,570 23,934,570
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 13,291,110 14,298,605
30 Total net assets or fund balances (see instructions)..... 37,225,680 38,233,175
31 Total liabilities and net assets/fund balances (see instructions). 37,226,622 38,234,481
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
37,225,680
2
Enter amount from Part I, line 27a .....................
2
1,007,495
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
38,233,175
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
38,233,175
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 PUBLICLY-TRADED SECURITIES      
b CAPITAL GAIN FROM PASSTHROUGH ENTITIES 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 13,195,808   10,658,983 2,536,825
b 58,225     58,225
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       2,536,825
b       58,225
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 2,595,050
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 2,175,520 46,917,371 0.046369
2016 2,091,074 42,379,698 0.049341
2015 2,138,777 40,092,448 0.053346
2014 1,859,764 42,380,116 0.043883
2013 1,325,297 36,608,656 0.036202
2
Total of line 1, column (d) .....................
2
0.229141
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
0.045828
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
47,878,864
5
Multiply line 4 by line 3......................
5
2,194,193
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
33,314
7
Add lines 5 and 6........................
7
2,227,507
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,235,359
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 33,314
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 33,314
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 33,314
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 58,000
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 58,000
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 24,686
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet24,686 RefundedBullet 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 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)
    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 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 ofbulletVICTORIA PITRELLI Telephone no.bullet (804) 740-7350

    Located atbullet1403 PEMBERTON ROAD SUITE 102RICHMONDVA ZIP+4bullet23233
    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
     
     
    ........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
    DOROTHY R BROTHERTON SECRETARY
    0.50     		0 0 0
    1403 PEMBERTON RD STE 102
    RICHMOND,VA23233
    GLENN R MARTIN VICE PRESIDENT
    0.50     		0 0 0
    1403 PEMBERTON RD STE 102
    RICHMOND,VA23233
    RANDOLPH N REYNOLDS TREASURER
    0.50     		0 0 0
    1403 PEMBERTON RD STE 102
    RICHMOND,VA23233
    RICHARD S REYNOLDS III PRESIDENT
    0.50     		0 0 0
    1403 PEMBERTON RD STE 102
    RICHMOND,VA23233
    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  
    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  
    2  
    All other program-related investments. See instructions.
    3  
    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
    44,305,029
    b
    Average of monthly cash balances.......................
    1b
    3,115,453
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,187,502
    d
    Total (add lines 1a, b, and c).........................
    1d
    48,607,984
    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
    48,607,984
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    729,120
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    47,878,864
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,393,943
    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
    2,393,943
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    33,314
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    33,314
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,360,629
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,360,629
    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
    2,360,629
    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
    2,235,359
    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
    2,235,359
    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
    33,314
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,202,045
    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 2,360,629
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 1,427,357
    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......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,235,359
    a Applied to 2017, but not more than line 2a 1,427,357
    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..... 808,002
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		1,552,627
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    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:
    VICTORIA PITRELLI
    1403 PEMBERTON RD SUITE 102
    RICHMOND,VA23233
    (804) 740-7350
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OUTLINING GRANT PROPOSAL, VERIFICATION OF APPLICANT'S TAX EXEMPT STATUS AND FINANCIAL INFORMATION (BUDGET OR FINANCIAL STATEMENTS).
    cAny submission deadlines:
    OCTOBER 31 AND APRIL 30
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    MUST BE ORGANIZATION CLASSIFIED AS PUBLIC CHARITY OR QUALIFIED ORGANIZATION (EDUCATIONAL, LITERARY, SCIENTIFIC OR RELIGOUS) DESCRIBED IN SECTION 170(C) OF THE INTERNAL REVENUE CODE.
    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
    2019 COMMEMORATION INC
    PO BOX 1607
    WILLIAMSBURG,VA23187     		N/A PC 1ST OF 2/ HARLEM DANCE THEATRE 50,000
    AMERICAN SUSTAINABLE BUSINESS INSTITUTE
    1140 3RD STREET NE ST 2
    WASHINGTON,DC20002     		N/A PC GENERAL OPERATIONS 21,000
    ANGEL FLIGHT EAST
    1501 NARCISSA ROAD
    BLUE BELL,PA19422     		N/A PC VIRGINIA CARE PROGRAM 5,000
    ANNA JULIA COOPER EPISCOPAL SCHOOL
    2124 N 29TH STREET
    RICHMOND,VA23223     		N/A PC 1ST OF 3/BUILDING HOPE CAPITAL CAMPAIGN 50,000
    ARMY HISTORICAL FOUNDATION
    2425 WILSON BLVD STE 502
    ARLINGTON,VA22201     		N/A PC 1ST OF 2/CAPTIAL CAMPAIGN 25,000
    ART 180
    114 W MARSHALL STREET
    RICHMOND,VA23220     		N/A PC 2019 ATLAS PROGRAM 5,000
    AUGUSTA HEALTH FOUNDATION
    64 SORTS MEDICINE DRIVE
    FISHERSVILLE,VA22939     		N/A PC 1ST OF 2/ER EQUIPMENT 25,000
    BELLARMINE UNIVERSITY
    2001 NEWBURG ROAD
    LOUISVILLE,KY40205     		N/A PC 1ST OF 5/W. FIELDING RUBEL SCHOOL OF BUSINESS 30,000
    BENEDICTINE COLLEGE PREPARATORY
    12829 RIVER ROAD
    RICHMOND,VA23238     		N/A PC 1ST OF 6/SEAN R. REYNOLDS WALL OF HONOR 80,000
    BLUE SKY FUND
    2900 Q STREET
    RICHMOND,VA23223     		N/A PC EXPLORERS PROGRAM 10,000
    BON SECOURS HEALTH CARE FOUNDATION
    5801 BREMO ROAD
    RICHMOND,VA23226     		N/A PC 4TH OF 4/CANCER RESILIENCY AT REYNOLDS 75,000
    BOY SCOUTS OF AMERICA
    6600 SILAS CREEK PKWY
    WINSTONSALEM,NC27106     		N/A PC 2ND OF 4, SECOND CENTURY OF SCOUTING 15,000
    BOYS & GIRLS CLUB OF RICHMOND
    5511 STAPLES MILL ROAD STE 301
    RICHMOND,VA23228     		N/A PC EAST END CLUB 2019 SUPPORT 10,000
    CAPITAL REGION LAND CONSERVANCY
    PO BOX 17306
    RICHMOND,VA23226     		N/A PC 3 OF 4/ MALVERNE HILL FARM ACQUISITION 15,000
    CAPTIAL TREES
    200 S THIRD ST STE 101
    RICHMOND,VA23219     		N/A PC IMPLEMENTATION OF LOW LINE PARK 10,000
    CARITAS
    1125 COMMERCE ROAD
    RICHMOND,VA23224     		N/A PC STACEY DENDY FITNESS CENTER 30,000
    CHESAPEAKE BAY FOUNDATION
    1108 E MAIN STREET
    RICHMOND,VA23219     		N/A PC 1ST OF 2/EDUCALIONAL PROGRAMS 10,000
    CHRIST CHURCH
    500 CHRIST SCHOOL ROAD
    ARDEN,NC28704     		N/A PC GENERAL OPERATIONS 15,000
    COLLEGIATE SCHOOL
    103 N MOORELAND ROAD
    RICHMOND,VA23229     		N/A PC PLAYGROUND LOWER SCHOOL 3,500
    CROSS OVER MINISTRIES
    8600 QUIOCCASIN ROAD STE 105
    RICHMOND,VA23229     		N/A PC CHRONIC DISEASE MANAGEMENT PROGRAM 10,000
    DREAM CATCHERS
    PO BOX 50003
    COLUMBIA,SC29205     		N/A PC OUTREACH PROGRAM 3,500
    DRIVE TO WORK
    1735 SUMMIT AVE
    RICHMOND,VA23230     		N/A PC ON-LINE DRIVERS MANUAL COURSE 15,000
    DUKE UNIVERSITY
    201 SCIENCE DRIVE
    DURHAM,NC27708     		N/A PC 2 OF 3/NATURAL RESOURCE FINANCE LNITIA... 83,333
    ELIJAH HOUSE ACADEMY
    6627-B JAHNKE RD
    RICHMOND,VA23225     		N/A PC 2018-2019 SCHOLARSHIP 5,000
    FEED MORE
    1415 RHOADMILER STREET
    RICHMOND,VA23220     		N/A PC ZEST FEST TABLE 1,500
    FOXCROFT SCHOOL
    22407 FOXHOUND LN
    MIDDLEBURG,VA20117     		N/A PC 4 OF 5/FACULTY DEVELOPMENT FUND 60,000
    FRALIN MUSEUM OF ART
    155 RUGBY ROAD
    CHARLOTTESVILLE,VA22904     		N/A PC UNEXPECTED O'KEEFE 10,000
    GARDEN CLUB OF VIRGINIA
    12 E FRANKLIN STREET
    RICHMOND,VA23219     		N/A PC 100TH ANNIVERSARY EXHIBIT 15,000
    GENERAL DOUGLAS MACARTHUR FOUNDATION
    MACARTHUR SQUARE
    NORFOLK,VA23510     		N/A PC FOOTLOCKER AND SPEAKER/FILM SERIES 10,000
    GOOCHLAND EDUCATION FOUNDATION
    2938-I RIVER ROAD W
    GOOCHLAND,VA23063     		N/A PC KAJEET PROJECT 10,000
    GOOCHLAND FREE CLINIC & FAMILY SERVICES
    1800 SANDY HOOK ROAD
    GOOCHLAND,VA23063     		N/A PC 3RD OF 5/NAMING OF CLINIC HUB 50,000
    GRACE & HOLY EPISCOPAL CHURCH
    8 N LAUREL ST
    RICHMOND,VA23220     		N/A PC CARITAS/RED DOOR MINISTRY 5,000
    HOPECAM
    12100 SUNSET HILLS ROAD STE C10
    RESTON,VA20190     		N/A PC CONNECT TO CLASSROOM PROGRAM 10,000
    ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
    1428 MADISON AVE
    NEW YORK,NY10029     		N/A PC 5 OF 5, LAB FOR MOLECULAR ENV. CHEM. 50,000
    J SARGEANT REYNOLDS COLLEGE FDN
    800 E LEIGH STREET
    RICHMOND,VA23219     		N/A PC 2ND OF 5/REYNOLDS HONORS PROGRAM 100,000
    LEGAL AID JUSTICE CENTER
    626 EAST BROAD STREET STE 200
    RICHMOND,VA23219     		N/A PC CAMPAIGN FOR EDUCATION EQUITY 35,000
    LEWIS GINTER BOTANICAL GARDENS
    1800 LAKESIDE AVE
    RICHMOND,VA23228     		N/A PC 1ST OF 3/LEARNING VILLAGE 45,000
    MCV FOUNDATION
    1228 E BROAD STREET
    RICHMOND,VA23298     		N/A PC SHINING KNIGHTS GALA/SILVER KNIGHTS SPO... 7,500
    MISSIONARY EMERGENCY FUND
    1403 PEMBERTON ROAD
    RICHMOND,VA23233     		N/A PC REYNOLDS FIELD WORK SCHOLARSHIP (BM) 14,000
    MOUNT VERNON LADIES ASSOCIATION
    3200 MOUNT VERNON MEMORIAL HIGHWAY
    MOUNT VERNON,VA22121     		N/A PC 1ST OF 4/MARTHA WASHINGTON PAPERS PROJ... 25,000
    NORTHSTAR ACADEMY
    8055 SHRADER ROAD
    RICHMOND,VA23294     		N/A PC GALA UNDER THE NORTH STAR 2,500
    OPERATION HEALING FORCES INC
    380 PARK PLACE BLVD SUITE 175
    CLEARWATER,FL33759     		N/A PC RETREAT EXPENSES 15,000
    PRISON FELLOWSHIP
    44180 RIVERSIDE PKWY STE 100
    LANSDOWNE,VA20176     		N/A PC ACADEMY AT FLUVANNA WOMEN'S CENTER 10,000
    PROJECT HOMES
    88 CARNATION STREET
    RICHMOND,VA23225     		N/A PC RENEW CREW VOLUNTEER PROGRAM 15,000
    RANDOLPH-MACON COLLEGE
    114 COLLEGE AVE
    ASHLAND,VA23005     		N/A PC 4TH OF 4/NMR SPECTROMETER LABORATORY 25,000
    READ TO THEM
    2201 W BROAD ST 206
    RICHMOND,VA23220     		N/A PC 2ND OF 2F'ONE RICHMOND, ONE BOOK" 20... 15,000
    RICHMOND BALLET
    407 E CANAL STREET
    RICHMOND,VA23219     		N/A PC 2018 SEASON OF THE NUTCRACKER 50,000
    RICHMOND BALLET
    407 E CANAL STREET
    RICHMOND,VA23219     		N/A PC "DANCING FOR 35 YEARS" 2,500
    RICHMOND BALLET
    407 E CANAL STREET
    RICHMOND,VA23219     		N/A PC 3RD OF 4/REBUILD SCENERY/COSTUMES FOR ... 25,000
    RICHMOND SYMPHONY
    612 E GRACE STREET
    RICHMOND,VA23220     		N/A PC 1ST OF 2/MENUHIN NEW WORKS PROGRAM 50,000
    RICHMOND TIMES-DISPATCH
    300 E FRANKLIN STREET
    RICHMOND,VA23219     		N/A PC STRONG VOICES TABLE AND 1 SEAT 1,100
    SAN FRANCISCO FREE CLINIC
    4900 CALIFORNIA ST
    SAN FRANCISCO,VA94118     		N/A PC EKG ' 3,500
    SECOND PRESBYTERIAN CHURCH
    5 N 5TH STREET
    RICHMOND,VA23219     		N/A PC 2 OF 5/REPLACE HVAC AND PEW CUSHIONS 50,000
    SHALOM FARMS
    2676 VENITA ROAD
    MIDLOTHIAN,VA23113     		N/A PC 3RD OF 5/REPLACE HVAC AND PEW CUSHIONS 10,000
    SHARE OUR STRENGTH
    1030 15TH ST NW STE 1100W
    WASHINGTON,DC20005     		N/A PC THE MONDAY FUND/NO KID HUNGRY DINNER 10,000
    SHARE OUR STRENGTH
    1030 15TH ST NW STE 1100W
    WASHINGTON,DC20005     		N/A PC THE MONDAY FUND 14,000
    SHELTERING ARMS FOUNDATION
    206 TWINRIDGE LANE
    RICHMOND,VA23235     		N/A PC NO KID HUNGRY DINNER EVENT 50,000
    ST JOSEPH'S VILLA
    8000 BROOK ROAD
    RICHMOND,VA23227     		N/A PC 1ST OF 2/SHELTERING ARMS INSTITUTE 50,000
    ST MARYS HEALTH WAGON
    5626 PATRIOT DRIVE
    WISE,VA24293     		N/A PC 1ST OF 5/RISE UP CAMPAIGN 25,000
    STEWARD SCHOOL
    11600 GAYTON ROAD
    RICHMOND,VA23238     		N/A PC MEDICAL SERVICES 50,000
    THE AMERICAN CIVIL WAR MUSEUM
    480 TREDEGAR STREET
    RICHMOND,VA23219     		N/A PC 1ST OF 3/NAMING OF NORTH COURTYARD 50,000
    THE BOYS & GIRLS CLUBS OF NORTHERN NECK
    517 N MAIN STREET
    KILMARNOCK,VA22482     		N/A PC 1ST OF 2/CAPITAL CAMPAIGN LAZARUS MINISTRY 25,000
    THE DAILY PLANET
    517 W GRACE STREET
    RICHMOND,VA23220     		N/A PC DENTAL PROGRAM 10,000
    THE JOURNEY THROUGH HALLOWED GROUND
    PO BOX 77
    WATERFORD,VA20197     		N/A PC NATIONAL HISTORY ACADEMY 25,000
    THE UCLA FOUNDATION
    10889 WILSHIRE BLVD STE 1100
    LOS ANGELES,CA90024     		N/A PC 1ST OF 5/DONALD P DECKER MD ENDOWED ... 50,000
    THOMAS JEFFERSON MEMORIAL FOUNDATION
    931 THOMAS JEFFERSON PKWY
    CHARLOTTESVILLE,VA22902     		N/A PC ANNUAL FUND/JOSHUA SCOTT 5,000
    THOMAS JEFFERSON MEMORIAL FOUNDATION
    931 THOMAS JEFFERSON PKWY
    CHARLOTTESVILLE,VA22902     		N/A PC 4TH OF 5/RESTORATION SOUTH PAVILLION CELLAR 100,000
    THOMAS JEFFERSON MEMORIAL FOUNDATION
    931 THOMAS JEFFERSON PKWY
    CHARLOTTESVILLE,VA22902     		N/A PC 2ND OF 2/GETTING WORD SCHOLARSHIPS 12,500
    UGA FOUNDATION
    ONE PRESS PL STE 101
    ATHENS,GA30602     		N/A PC 1 OF 4/RSR FDN SCHOLARSHIP FUND 25,000
    UNION PRESBYTERIAN SEMINARY
    3401 BROOK ROAD
    RICHMOND,VA23227     		N/A PC 4TH OF 4/RENOVATE RICHMOND HALL 25,000
    UNION PRESBYTERIAN SEMINARY
    3401 BROOK ROAD
    RICHMOND,VA23227     		N/A PC DISPLAY CASES/LIBRARY/REV. GORDON TUR... 10,000
    UNIVERSITY OF RICHMOND
    28 WESTHAMPTON WAY
    RICHMOND,VA23173     		N/A PC 5TH OF 5, ENDOWMENT GLOBAL BUSINESS IN... 50,000
    UNIVERSITY OF VIRGINIA
    186 LARKSPUR WAY
    CHARLOTTESVILLE,VA22902     		N/A PC 2ND OF 5/PROFESSORSHIP/DR. IRV KRON 100,000
    VETERINARY EMERGENCY TREATMENT FUND
    370 GREENBRIER DR A2
    CHARLOTTESVILLE,VA22901     		N/A PC EMERGENCY TREATMENT FUND 5,970
    VIRGINIA CENTER FOR THE CREATIVE ARTS
    154 SAN ANGELO DRIVE
    AMHERST,VA24521     		N/A PC 1ST OF 3/RS AND LOUISE REYNOLDS POETRY... 10,000
    VIRGINIA HOME FOR BOYS& GIRLS
    8716 W BROAD STREET STE 11
    RICHMOND,VA23294     		N/A PC KITCHEN RENOVATIONS 25,000
    VIRGINIA OPERA
    160 W VIRGINIA BEACH BLVD
    NORFOLK,VA23510     		N/A PC 3RD OF 3/ STUDENT AFTERNOON AT THE OPERA 10,000
    VIRGINIA UNION UNIVERSITY
    1500 N LOMBARDY ST
    RICHMOND,VA23220     		N/A PC 4TH OF 4/RENOVATE INDUSTRIAL HALL. 25,000
    WASHINGTON SCHOOL FOR GIRLS
    1901 MISSISSIPPI AVE SE STE 203
    WASHINGTON,DC20020     		N/A PC GENERAL OPERATIONS 3,500
    Total .................................bullet 3a 2,089,903
    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 2,702  
    4 Dividends and interest from securities....     14 800,317  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 144,980  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 4,075 18 2,595,050  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aINCOME FROM PASSTHROUGH ENTITIES     		525990 -814 14 7,427  
    bSETTLEMENT INCOME     01 100  
    cOTHER INVESTMENT INCOME     14 84,387  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 3,261 3,634,963 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,638,224
    (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:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREPARATION 4,875 0   4,875

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    EQUIPMENT 2013-06-28 27,385 27,150   0 % 235 0    
    FURNITURE AND FIXTURES 2015-03-01 57,614 55,342   0 % 1,731 0    
    ARTWORK 2018-12-31 1,883     0 % 942 0    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    CAPITAL GAIN UBI FROM PASSTHROUGH ENTITIES   PURCHASED     4,075     0 4,075  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 6,913,945 6,936,986

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE SECURITIES 22,616,973 33,794,594

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    US Government Securities - End of Year Book Value:

    3,214,395
    US Government Securities - End of Year Fair Market Value:

    3,282,052
    State & Local Government Securities - End of Year Book Value:


    647,931
    State & Local Government Securities - End of Year Fair Market Value:


    653,011


    TY 2018 InvestmentsOtherSchedule2
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RICRYN, LLC FMV 730,314 730,314
    BRENCOURT INT'L LTD AT COST 737 7,126
    PARK STREET PRIVATE EQUITY AT COST 147,682 275,151
    SHEPHERD INVESTMENTS AT COST 635,807 3,684
    BROWN CRC IV AT COST 203,763 209,154
    BROWN PRIVATE EQUITY TEI AT COST 143,874 234,044
    BROWN PRIVATE EQUITY TEIII AT COST 181,007 240,421
    BROWN PRIVATE EQUITY PEP V AT COST 78,214 83,557
    BROWN REAL ESTATE I (QP) AT COST 60,380 61,319
    LANDMARK INFRASTRUCTURE PARTNERSHIP AT COST 13,795 13,008
    CERBERUS AT COST 0 63,095

    TY 2018 LandEtcSchedule2
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    EQUIPMENT 27,385 27,385 0  
    FURNITURE AND FIXTURES 57,614 57,073 541  
    ARTWORK 1,883 942 941  


    TY 2018 LegalFeesSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL GOVERNANCE 3,768 0   3,768


    TY 2018 OtherAssetsSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    A.D. REYNOLDS COLLECTION 26,460 26,387 26,387
    REYNOLDS LITERATURE 97,050 96,659 96,659


    TY 2018 OtherExpensesSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 120 120   0
    DUES & FEES 2,354 0   954
    INSURANCE 2,250 0   2,250
    OFFICE EXPENSE 1,690 0   1,690
    OTHER EXPENSES 1,911 0   1,911
    PAYROLL EXPENSES 4,000 0   4,000
    RENTAL PROPERTY EXPENSES 102,035 102,035   0
    STORAGE 2,637 0   2,637
    PARTNERSHIP DEDUCTIONS 32,885 30,081   0


    TY 2018 OtherIncomeSchedule2
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME FROM PASSTHROUGH ENTITIES 6,613 7,427 6,613
    SETTLEMENT INCOME 100   100
    OTHER INVESTMENT INCOME 84,387 84,387 84,387


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 159,208 159,208   0
    OUTSIDE SERVICES 8,445 0   8,445


    TY 2018 TaxesSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BUSINESS PROPERTY TAXES 374 374   0
    FOREIGN TAXES 4,890 4,890   0
    EXCISE TAX 84,787 0   0