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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE VOLGENAU FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)8300 GREENSBORO DRIVE 950
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MCLEAN, VA22102
A Employer identification number

54-1738281
B Telephone number (see instructions)

(703) 988-7973
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$115,273,344J 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) 8,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 230 230  
4 Dividends and interest from securities... 133,777 133,777  
5a Gross rents............ 4,720 4,720  
b Net rental income or (loss) 4,720
6a Net gain or (loss) from sale of assets not on line 10 2,469,086
b Gross sales price for all assets on line 6a 26,925,486
7 Capital gain net income (from Part IV, line 2)... 2,469,086
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 15,994,079 -1,091,861  
12 Total. Add lines 1 through 11........ 26,601,892 1,515,952  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 347,135 0   354,498
14 Other employee salaries and wages...... 14,778 0   2,706
15 Pension plans, employee benefits....... 5,362 0   5,362
16a Legal fees (attach schedule)......... Click to see attachment 25,076 0   18,536
b Accounting fees (attach schedule)....... Click to see attachment 35,981 0   35,981
c Other professional fees (attach schedule).... Click to see attachment 337,369 76,108   180,065
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35,383 3,274   33,008
19 Depreciation (attach schedule) and depletion... Click to see attachment 7,726 0  
20 Occupancy.............. 61,704 0   8,401
21 Travel, conferences, and meetings....... 56,169 0   56,329
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 597,305 527,612   49,587
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,523,988 606,994   744,473
25 Contributions, gifts, grants paid....... 10,224,180 9,974,180
26 Total expenses and disbursements. Add lines 24 and 25 11,748,168 606,994   10,718,653
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 14,853,724
b Net investment income (if negative, enter -0-) 908,958
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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.............      
2 Savings and temporary cash investments......... 1,249,501 507,827 507,827
3 Accounts receivable bullet4,720
Less: allowance for doubtful accounts bullet   5,380 4,720 4,720
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..........   12,008 12,008
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 25,856,986 Click to see attachment9,343,736 9,343,736
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).......... 34,496,512 Click to see attachment64,160,232 64,160,232
14 Land, buildings, and equipment: basis bullet1,576,376
Less: accumulated depreciation (attach schedule) bullet166,975 1,415,463 1,409,401 1,409,401
15 Other assets (describe bullet) Click to see attachment37,304,516 Click to see attachment39,835,420 Click to see attachment39,835,420
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 100,328,358 115,273,344 115,273,344
Liabilities 17 Accounts payable and accrued expenses.......... 79,149 154,625
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)......... 79,149 154,625
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 100,249,209 115,118,719
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 100,249,209 115,118,719
30 Total liabilities and net assets/fund balances (see instructions). 100,328,358 115,273,344
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
100,249,209
2
Enter amount from Part I, line 27a .....................
2
14,853,724
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
15,786
4
Add lines 1, 2, and 3 ..........................
4
115,118,719
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 29 .
6
115,118,719
Form 990-PF (2021)
Form 990-PF (2021)
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 CUMBERLAND FOREST K-1 1231 GAIN P 2020-06-30 2021-12-31
b FROM PROVIDENCE PARTNERSHIPS P 2020-06-30 2021-12-31
c FROM PROVIDENCE PARTNERSHIPS P 2021-01-01 2021-12-31
d FROM INVESTMENT STATEMENTS P 2021-01-01 2021-12-31
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 2,070,549     2,070,549
b 29,900     29,900
c 368,637     368,637
d 24,456,400   24,456,400 0
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       2,070,549
b       29,900
c       368,637
d       0
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 2,469,086
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 12,635
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 12,635
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 23,319
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 23,319
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 10,684
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet10,684 RefundedBullet 11 0
Part VI-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 the instructions
for the 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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVA, CA
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 addressbulletWWW.VOLGENAUFOUNDATION.ORG
    14
    The books are in care ofbulletJENNIFER VOLGENAU WILEY Telephone no.bullet (703) 988-7973

    Located atbullet8300 GREENSBORO DRIVE NO 950MCLEANVA ZIP+4bullet22102
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    3b
     
    No
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
    No
    c
    .........bullet
    d
    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? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    ERNST VOLGENAU PRESIDENT
    4.00     		0 0 0
    8300 GREENSBORO DRIVE 950
    MCLEAN,VA22102
    SARA L VOLGENAU SECRETARY & TREASURER
    1.00     		0 0 0
    8300 GREENSBORO DRIVE 950
    MCLEAN,VA22102
    LISA VOLGENAU DIRECTOR AND VP, ENVIRONME
    17.00     		55,368 0 0
    8300 GREENSBORO DRIVE 950
    MCLEAN,VA22102
    LAUREN VOLGENAU-KNAPP DIRECTOR AND VP, ENVIRONME
    17.00     		56,185 0 0
    8300 GREENSBORO DRIVE 950
    MCLEAN,VA22102
    JENNIFER VOLGENAU WILEY DIRECTOR AND VP, ADMINISTR
    17.00     		56,842 0 0
    8300 GREENSBORO DRIVE 950
    MCLEAN,VA22102
    CHRIS DECARDY BOARD MEMBER
    2.00     		0 0 0
    8300 GREENSBORO DRIVE 950
    MCLEAN,VA22102
    JONATHAN KALEDIN BOARD MEMBER
    2.00     		0 0 0
    8300 GREENSBORO DRIVE 950
    MCLEAN,VA22102
    ANDREA PEARL EXECUTIVE DIRECTOR
    40.00     		178,740 5,362 0
    8300 GREENSBORO DRIVE 950
    MCLEAN,VA22102
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    TRUIST INVESTMENT SERVICES INVESTMENT FEES 76,108
    PO BOX 596
    RICHMOND,VA23286
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 DEMONSTRATING CONSERVATION VALUES AT PHILLIPS CREEK FARM: - CONSERVATION EASEMENTS AT PHILLIPS CREEK FARM (PCF): TVF UNDERTAKES ONGOING LANDSCAPE RESTORATION ACTIVITIES AT PCF. - SUPPORT FOR ENVIRONMENTAL NONPROFITS (AND GRANTEES): TVF MAKES PHILLIPS CREEK FARM AVAILABLE FOR USE BY LOCAL NONPROFITS FOR THEIR CONSERVATION, EDUCATION, AND FUNDRAISING PROGRAMS. TVF INVITES ITS GRANTEES AND OTHER NONPROFIT ORGANIZATIONS TO USE PCF AS A MEETING AND DEMONSTRATION SITE. 18,639
    2 ENHANCING CONSERVATION PHILANTHROPY: TVF FOSTERS COLLABORATION AMONG CONSERVATION FUNDERS FOR MAXIMUM IMPACT. - TVF IS CO-FOUNDER (WITH THE LAND FAMILY FOUNDATION) OF THE NORTHERN VIRGINIA ENVIRONMENTAL FUNDERS ORGANIZATION. IN 2021 WE HOSTED THREE EDUCATIONAL MEETINGS OF THE ORGANIZATION WITH PRESENTATIONS BY SUBJECT MATTER EXPERTS. WE ALSO HOSTED A MEETING AT WHICH GRANTEES WERE INVITED TO MAKE PRESENTATIONS AND MEET OUR MEMBER FOUNDATIONS.- TVF PARTICIPATES IN COLLABORATIVE EFFORTS AMONG FUNDERS, INCLUDING THE ENVIRONMENTAL GRANTMAKERS ASSOCIATION, BLUE SKY FUNDERS NETWORK, AND THE CHESAPEAKE BAY FUNDERS NETWORK. 17,232
    3 BOARD AND STAFF EDUCATION AND ENGAGEMENT:- BOARD MEMBERS ATTEND EDUCATIONAL CONFERENCES AND LOCAL MEETINGS BY ASSOCIATIONS AND PARTNERS.- BOARD MEMBERS SERVE ON LOCAL ASSOCIATION COMMITTEES AND FUNDERS GROUPS.- TVF HOSTS SUBJECT MATTER EXPERTS ON VARIOUS CONSERVATION ISSUES FOR BOARD EDUCATION. - BOARD AND STAFF MEMBERS PARTICIPATE IN WEBINARS AND TRAININGS. 22,575
    4  
    Part VIII-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 INVESTMENT IN CUMBERLAND FOREST LIMITED PARTNERSHIP: THE FOUNDATION MADE INVESTMENTS IN A LIMITED PARTNERSHIP, CUMBERLAND FOREST LIMITED PARTNERSHIP. THE PARTNERSHIP WAS FORMED IN 2020 TO ACQUIRE AND OPERATE 253,000 ACRES OF WORKING FOREST LAND IN THE CENTRAL APPALACHIANS AND CLOSED ON TWO PROPERTIES LOCATED IN VIRGINIA AND KENTUCKY/TENNESSEE.THERE WERE NO CURRENT INVESTMENTS INTO THE PARTNERSHIP, HOWEVER THE PARTNERSHIP DID GENERATE A NET INCREASE IN VALUE THORUGH ITS ACTIVITES OF 2,530,904. 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    21,627,188
    b
    Average of monthly cash balances.......................
    1b
    1,934,321
    c
    Fair market value of all other assets (see instructions)................
    1c
    49,822,372
    d
    Total (add lines 1a, b, and c).........................
    1d
    73,383,881
    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
    73,383,881
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,100,758
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    72,283,123
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,614,156
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    3,614,156
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    12,635
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    23,618
    c
    Add lines 2a and 2b............................
    2c
    36,253
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,577,903
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,577,903
    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 XII, line 1 ...
    7
    3,577,903
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 3,577,903
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017...... 6,548,292
    c From 2018...... 14,857,191
    d From 2019...... 7,561,711
    e From 2020...... 13,154,887
    f Total of lines 3a through e ........ 42,122,081
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 10,720,317
    a Applied to 2020, 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 2021 distributable amount..... 3,577,903
    e Remaining amount distributed out of corpus 7,142,414
    5 Excess distributions carryover applied to 2021. 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 49,264,495
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		49,264,495
    10 Analysis of line 9:
    a Excess from 2017.... 6,548,292
    b Excess from 2018.... 14,857,191
    c Excess from 2019.... 7,561,711
    d Excess from 2020.... 13,154,887
    e Excess from 2021.... 7,142,414
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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).)
    ERNST VOLGENAU
    SARA L VOLGENAU
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    ALASKA CONSERVATION FOUNDATION
    911 WEST 8TH AVENUE
    ANCHORAGE,AK99501     		NONE PC NORTHERN LATITUDES PARTNERSHIPS: COLLABORATIVE CONSERVATION IN THE RAPIDLY CHANGING NORTH 150,000
    ALASKA WILDERNESS LEAGUE
    122 C STREET NW 240
    WASHINGTON,DC20001     		NONE PC GENERAL SUPPORT TO PROTECT THE ARCTIC REFUGE 250,000
    AMERICAN PRAIRIE RESERVE
    PO BOX 908
    BOZEMAN,MT59771     		NONE PC WILD SKY PROGRAM 250,000
    APPALACHIAN TRAIL CONSERVANCY
    799 WASHINGTON STREET/PO BOX 807
    HARPERS FERRY,WV25425     		NONE PC BEYOND BOUNDARIES: THE APPALACHIAN TRAIL AS AN EAST COAST CLIMATE CORRIDOR 300,000
    ARC (ANIMAL ROAD CROSSING)
    23564 CALABASAS ROAD SUITE 201
    CALABASAS,CA91302     		NONE PC INSPIRING INVESTMENT IN WILDLIFE INFRASTRUCTURE 75,000
    AUDUBON CALIFORNIA A STATE PROGRAM OF THE NATIONAL AUDUBON SOCIETY
    225 VARICK STREET
    NEW YORK,NY10014     		NONE PC AUDUBON CONSERVATION RANCHING AND GRASSLAND BIRD CONSERVATION PROGRAM 50,000
    BISHOP JOHN T WALKER SCHOOL FOR BOYS
    1801 MISSISSIPPI AVENUE SE
    WASHINGTON,DC20032     		NONE PC GENERAL SUPPORT 50,000
    CALIFORNIA MARINE SANCTUARY FOUNDATION
    99 PACIFIC STREET
    MONTEREY,CA93940     		NONE PC PROTECTING BLUE WHALES AND BLUE SKIES: REDUCING SHIP STRIKE RISK ON ENDANGERED WHALES IN CALIFORNIA 60,000
    CALIFORNIA OCEAN ALLIANCE
    9099 SOQUEL DRIVE SUITE 8
    APTOS,CA95003     		NONE PC TRAINING AND INSPIRING THE NEXT GENERATION OF MARINE MAMMAL SCIENTISTS 15,000
    CAPITAL PARTNERS FOR EDUCATION
    1015 15TH STREET NW
    WASHINGTON,DC20005     		NONE PC GENERAL SUPPORT 50,000
    CENTER FOR BIOLOGICAL DIVERSITY
    PO BOX 710
    TUCSON,AZ85702     		NONE PC SAFE PATHWAYS FOR THE FLORIDA MANATEE: POLICY AND PUBLIC EDUCATION INITIATIVE 50,000
    CENTER FOR LARGE LANDSCAPE CONSERVATION
    PO BOX 1587
    BOZEMAN,MT59715     		NONE PC CORRIDORS AND CROSSINGS PROGRAM 500,000
    DEFENDERS OF WILDLIFE
    1130 17TH ST NW
    WASHINGTON,DC20002     		NONE PC ALASKA PROGRAM AND PROTECTING SELECT PREDATORS IN THE SOUTHWEST AND FLORIDA 330,000
    EARTHJUSTICE
    50 CALIFORNIA STREET
    SAN FRANCISCO,CA94111     		NONE PC SNAKE RIVER ADVOCACY CAMPAIGN - PHASE II 250,000
    ENDANGERED SPECIES COALITION
    PO BOX 65195
    WASHINGTON,DC20035     		NONE PC ROCKY MOUNTAIN WOLF PROTECTION & RECOVERY 40,000
    FRIENDS OF KENILWORTH AQUATIC GARDENS
    1212 QUINCY STREET NW
    WASHINGTON,DC20011     		NONE PC GENERAL SUPPORT 75,000
    FROM THE TOP
    PO BOX 845429
    BOSTON,MA02284     		NONE PC GENERAL SUPPORT 150,000
    GREATER YELLOWSTONE COALITION
    215 S WALLACE AVENUE
    BOZEMAN,MT59715     		NONE PC PROTECTING THE ENGINE OF THE ECOSYSTEM: GREATER YELLOWSTONE WILDLIFE MIGRATIONS 500,000
    LAND TRUST ALLIANCECBFN
    1250 H STREET NW SUITE 600
    WASHINGTON,DC20005     		NONE PC LAND AND WATER CONSERVATION AND RESTORATION IN THE CHESAPEAKE BAY AND GREAT LAKES & CLIMATE INITIATIVE 400,000
    LEVINE MUSIC
    2801 UPTON ST NW
    WASHINGTON,DC20008     		NONE PC SUPPORTING EXCELLENCE IN CLASSICAL MUSIC INSTRUCTION AT LEVINE MUSIC 100,000
    LIGHTHAWK
    PO BOX 913239
    DENVER,CO80291     		NONE PC GENERAL SUPPORT 50,000
    LIVING CLASSROOMS OF THE NATIONAL CAPITAL REGION
    1417 THAMES STREET
    BALTIMORE,MD21231     		NONE PC LC-NCR ENVIRONMENTAL EDUCATION PROGRAMMING AND GENERAL SUPPORT 100,000
    MEADOWLARK BOTANICAL GARDENS
    9750 MEADOWLARK GARDENS COURT
    VIENNA,VA22182     		NONE PC NOVA PARKS ROVING NATURALIST PROGRAMS 25,000
    NATIONAL MARINE SANCTUARY FOUNDATION
    8601 GEORGIA AVENUE SUITE 510
    SILVER SPRING,MD20910     		NONE PC HAWAIIAN HUMPBACK WHALE CONSERVATION, WEST COAST GEAR INNOVATION, RESTORE FLORIDA KEYS ICONIC REEFS 150,000
    NATIONAL MARINE SANCTUARY FOUNDATION- SBNMS
    8601 GEORGIA AVENUE SUITE 510
    SILVER SPRING,MD20910     		NONE PC THE VOLGENAU FOUNDATION FELLOWSHIP IN TOP PREDATOR ECOLOGY 75,000
    NATIONAL PARKS CONSERVATION ASSOCIATION
    777 SIXTH STREET NW SUITE 700
    WASHINGTON,DC20001     		NONE PC PROTECTING NATIONAL PARK WILDLIFE 500,000
    NATIONAL SYMPHONY ORCHESTRA
    2700 F ST NW
    WASHINGTON,DC20566     		NONE PC YOUNG PEOPLE'S CONCERTS PROGRAMS 250,000
    NATUREBRIDGE- WEST COAST
    1033 FORT CRONKHITE
    SAUSALITO,CA94965     		NONE PC RE-EMERGENCE: POST PANDEMIC RECOVERY 500,000
    NEW ENGLAND AQUARIUM
    CENTRAL WHARF
    BOSTON,MA02110     		NONE PC NORTH ATLANTIC RIGHT WHALE CONSERVATION: INTEGRATED RIGHT WHALE ANTHROPOGENIC EVENTS DATABASE 80,000
    OREGON STATE UNIVERSITY
    OFFICE FOR SPONSORED RESEARCH AWARD
    ADMINISTRATION
    CORVALLIS,OR97331     		NONE PC CONSERVING ELUSIVE CARNIVORES IN OLD-GROWTH FORESTS THROUGH RESEARCH, EDUCATION, AND OUTREACH 50,000
    PARTNERSHIP FOR THE NATIONAL TRAIL SYSTEM
    1615 M STREET NW
    WASHINGTON,DC20036     		NONE PC PARTNERSHIP FOR THE NATIONAL TRAILS SYSTEM (PNTS) CAPACITY BUILDING 50,000
    PEOPLE AND CARNIVORES
    104 E MAIN ST SUITE 307
    BOZEMAN,MT59715     		NONE PC COEXISTENCE FOR CONNECTIVITY 75,000
    PIEDMONT ENVIRONMENTAL COUNCIL
    PO BOX 460
    WARRENTON,VA20188     		NONE PC RAPPAHANNOCK-RAPIDAN CONSERVATION INITIATIVE 100,000
    POINT BLUE CONSERVATION SCIENCE
    3820 CYPRESS DR SUITE 11
    PETALUMA,CA94954     		NONE PC FARALLON ISLANDS NATIONAL WILDLIFE REFUGE RESEARCH AND CONSERVATION PROGRAM 100,000
    POTOMAC CONSERVANCY
    962 WAYNE AVENUE
    SILVER SPRING,MD20910     		NONE PC POTOMAC HEADWATERS CONSERVATION PROJECT 100,000
    PROJECT COYOTE
    PO BOX 5007
    LARKSPUR,CA94977     		NONE PC REFORMING PREDATOR MANAGEMENT AND RANCHING WITH WILDLIFE 50,000
    RIVER PARTNERS
    580 VALLOMBROSA
    CHICO,CA95926     		NONE PC RESTORING CALIFORNIA RIVER CORRIDORS: PATHWAYS TO WILDLIFE RECOVERY 50,000
    ROCKEFELLER PHILANTHROPY ADVISORS
    6 WEST 48TH ST 10TH FL
    NEW YORK,NY10036     		NONE PC PLASTIC SOLUTIONS FUND & SHARK CONSERVATION FUND 750,000
    SMITHSONIAN CONSERVATION BIOLOGY INSTITUTE
    1500 REMOUNT ROAD
    FRONT ROYAL,VA22630     		NONE PC PIEDMONT GRASSLANDS BIRD INITIATIVE 100,000
    SMITHSONIAN INSTITUTION
    1000 JEFFERSON DRIVE SW
    WASHINGTON,DC20560     		NONE PC PROTECTING SWIFT FOX AND CORALS 80,000
    SUSTAINABLE MARKETS FOUNDATION
    45 WEST 36TH STREET
    NEW YORK,NY10018     		NONE PC INITIATIVE FOR BOLD CLIMATE ACTION 894,180
    THE NATURE CONSERVANCY OF CALIFORNIA
    652 PETER JEFFERSON PARKWAY
    CHARLOTTESVILLE,VA22911     		NONE PC DANGERMOND HOUSE RESTORATION & SIERRA BIRD MONITORING 575,000
    THE NATURE CONSERVANCY OF VIRGINIA
    201 MISSION STREET
    SAN FRANCISCO,CA94105     		NONE PC FRESH WATER MAPPING PROJECT 75,000
    THE OCEAN FOUNDATION
    1320 19TH STREET NW 5TH FLOOR
    WASHINGTON,DC20036     		NONE PC OCEAN CONNECTORS: CONNECTING YOUTH FOR CONSERVATION 50,000
    TRUSTEES FOR ALASKA
    1026 W 4TH AVE
    ANCHORAGE,AK99501     		NONE PC USING THE LAW TO PROTECT & DEFEND ALASKA LANDS & WILDLIFE 150,000
    VIRGINIA EASTERN SHORE LAND TRUST INC
    PO BOX 1114
    EXMORE,VA23350     		NONE PC CAMPAIGN FOR RURAL LANDS 30,000
    WETA
    3939 CAMPBELL AVE
    ARLINGTON,VA22206     		NONE PC THE AMERICAN BUFFALO - KEN BURNS DOCUMENTARY 250,000
    WILDLANDS NETWORK
    329 W PIERPONT AVE
    SALT LAKE CITY,UT84101     		NONE PC RECONNECTING CRITICAL MIGRATION CORRIDORS FOR WILDLIFE ACROSS NORTH AMERICA 200,000
    WILDLIFE CONSERVATION SOCIETYMICA GROUP
    2300 SOUTHERN BOULEVARD
    BRONX,NY10460     		NONE PC REWILDING THE ROCKIES: ADVANCING EQUITABLE & ENDURING CONSERVATION IMPACT 250,000
    WOLF HAVEN INTERNATIONAL
    3111 OFFUT LAKE RD SE
    TENINO,WA98589     		NONE PC WOLF HAVEN INTERNATIONAL ADVOCACY AND OUTREACH PROJECT 20,000
    WOLF TRAP FOUNDATION FOR THE PERFORMING ARTS
    1645 TRAP ROAD
    VIENNA,VA22182     		NONE PC 2020-2021 WOLF TRAP INSTITUTE EARLY STEM/ARTS 50,000
    YELLOWSTONE TO YUKON CONSERVATION INITIATIVE
    PO BOX 157
    BOZEMAN,MT59771     		NONE PC PROTECTING THE ELUSIVE WOLVERINE: LARGE LANDSCAPE CONNECTIVITY 550,000
    Total .................................bullet 3a 9,974,180
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........     		    14 230  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 4,720  
    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 2,469,086  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME-PROVIDENCE     		    18 14,941,441  
    bPARTNERSHIP INCOME--CUMBERLAND         1,052,638
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 17,549,254 1,052,638
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    18,601,892
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11B PARTNERSHIP HOLDING AND CONSERVING LAND IN THE APPALACHIAS
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 instructions.
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    THE VOLGENAU FOUNDATION
     
    Employer identification number

    54-1738281
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    THE VOLGENAU FOUNDATION
          		Employer identification number
    54-1738281
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ERNST & SARA VOLGENAU
     
    8302 SUMMERWOOD DRIVE
     
    MCLEAN, VA22101

    		$ 8,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    THE VOLGENAU FOUNDATION
          		Employer identification number

    54-1738281
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    THE VOLGENAU FOUNDATION
          		Employer identification number

    54-1738281
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 35,981 0   35,981

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

    TY 2021 DepreciationSchedule
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    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
    COMPUTER EQUIPMENT 2001-08-24 4,792 4,000 SL 3.000000000000 634 0    
    COTTAGE CONSTRUCTION 1997-12-16 227,627 137,405 SL 39.000000000000 5,837 0    
    EQUIPMENT 1998-04-01 6,094 4,997 200DB 5.000000000000 439 0    
    FURNITURE & FIXTURES 1997-12-12 9,949 9,949 200DB 7.000000000000 0 0    
    LAND 1997-12-12 100,000   SL 39.000000000000 0 0    
    PHILLIPS CREEK FARM 2008-01-15 1,221,722   SL 39.000000000000 0 0    
    LEASEHOLD IMPROVEMENTS 2016-03-29 2,355 2,355 SL 7.000000000000 0 0    
    COMPUTER EQUIPMENT 2020-03-17 2,173 543 SL 3.000000000000 724 0    
    COMPUTER EQUIPMENT 2021-11-18 1,664   SL 3.000000000000 92 0    

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    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    CUMBERLAND FOREST LP
          		4245 N FAIRFAX DR STE 100
    ARLINGTON,VA22203     		2021-06-30 0 THE PURPOSE OF THE INVESTMENT IS ADVANCE SUSTAINABLE FOREST MANAGEMENT, LONG-TERM PROTECTION, CARBON SEQUESTRATION, RECREATIONAL ACCESS AND LOCAL ECONOMIC DEVELOPMENT. THE PARTNERSHIP WAS FORMED IN 2019 TO ACQUIRE AND OPERATE 253,000 ACRES OF WORKING FOREST LAND IN THE CENTRAL APPALACHIANS. IN THE CURRENT YEAR THE FOUNDATION DID NOT MAKE AN INVESTMENT INTO THE PARTNERSHIP, BUT ITS INVESTMENT GREW DUE TO THE ACTIVITY OF THE PARTNERSHIP. 0 NONE 04/29/2022   TO THE KNOWLEDGE OF THE VOLGENAU FOUNDATION, THE PARTNERSHIP HAS NOT DIVERTED ANY PORTION OF THE GRANT FUNDS FROM THE PURPOSE OF THE GRANT. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF GRANTEE'S REPORTS.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PUBLICLY TRADED SECURITIES 9,343,736 9,343,736

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN LIMITED PARTNERSHIP FMV 64,160,232 64,160,232

    TY 2021 LegalFeesSchedule
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 25,076 0   18,536


    TY 2021 OtherAssetsSchedule
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSITS 7,379 7,379 7,379
    INVESTMENT IN PARTNERSHIP--CUMBERLAND 37,297,137 39,828,041 39,828,041


    TY 2021 OtherExpensesSchedule
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL PROCESSING FEES 4,811 0   4,811
    GENERAL ADMINISTRATIVE EXPENSES 1,042 0   1,042
    OPERATING EXPENSE 284 0   284
    TELEPHONE AND INTERNET 990 0   990
    POSTAGE AND DELIVERY 120 0   120
    DUES & SUBSCRIPTIONS 22,575 0   22,575
    LICENSES AND PERMITS 25 0   25
    SERVICE AGREEMENTS 1,508 0   1,508
    OFFICE EQUIPMENT 2,556 0   2,556
    MEALS 350 0   350
    BANK CHARGES 374 0   374
    INSURANCE - LIABILITY 4,930 0   4,930
    FARM OPERATING EXPENSES 9,428 0   9,428
    INVESTMENT EXPENSES FROM PARTNERSHIPS 547,718 527,612   0
    INSURANCE - D&O 594 0   594


    TY 2021 OtherIncomeSchedule2
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CUMBERLAND FOREST K-1 LOSS 0 -1,091,861 0
    PARTNERSHIP INCOME-PROVIDENCE 14,941,441   14,941,441
    PARTNERSHIP INCOME--CUMBERLAND 1,052,638   1,052,638


    TY 2021 OtherIncreasesSchedule
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    Description Amount
    UNREALIZED GAIN 15,786


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IT CONSULTING 16,117 0   16,117
    INVESTMENT MANAGEMENT 157,304 76,108   0
    OTHER CONSULTING 163,948 0   163,948


    TY 2021 TaxesSchedule
    Name:
    THE VOLGENAU FOUNDATION
    EIN:
    54-1738281
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 25,915 0   26,839
    PROPERTY TAXES 9,064 3,274   5,790
    EXCISE TAXES 25 0   0
    OTHER BUSINESS TAXES 300 0   300
    UBIT 79 0   79