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
TOWNEBANK RICHMOND FOUNDATION
 
% T Patrick Collins
Number and street (or P.O. box number if mail is not delivered to street address)800 E CANAL ST SUITE 700
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RICHMOND, VA232193955
A Employer identification number

54-1996321
B Telephone number (see instructions)

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$0J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 21,513 21,513 0
4 Dividends and interest from securities... 294,239 294,239 0
5a Gross rents............ 0 0 0
b Net rental income or (loss) 0
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 646,238
b Gross sales price for all assets on line 6a 2,513,228
7 Capital gain net income (from Part IV, line 2)... 646,238
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... Click to see attachment 2,739 0 0
12 Total. Add lines 1 through 11........ 964,729 961,990 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 0 0 0 0
15 Pension plans, employee benefits....... 0 0 0 0
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... 0 0 0 0
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,000 0 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 0 0 0 0
21 Travel, conferences, and meetings....... 0 0 0 0
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see list of attachments 70,284 70,284 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 85,284 70,284 0 0
25 Contributions, gifts, grants paid....... 645,216 645,216
26 Total expenses and disbursements. Add lines 24 and 25 730,500 70,284 0 645,216
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 234,229
b Net investment income (if negative, enter -0-) 891,706
c Adjusted net income (if negative, enter -0-)... 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............. 80,959 0 0
2 Savings and temporary cash investments......... 834,135 0 0
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   0    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   0    
5 Grants receivable................. 0    
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet   0 0  
8 Inventories for sale or use.............. 0    
9 Prepaid expenses and deferred charges.......... 0    
10a Investments—U.S. and state government obligations (attach schedule) 10,109 0 0
b Investments—corporate stock (attach schedule)....... 13,903,312 0 0
c Investments—corporate bonds (attach schedule)....... 600,775 0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans............. 0    
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) Click to see attachment46,260 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,475,550 0 0
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 0 0
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........... 15,475,550 0
25 Net assets with donor restrictions............ 0 0
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)..... 15,475,550 0
30 Total liabilities and net assets/fund balances (see instructions). 15,475,550 0
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
15,475,550
2
Enter amount from Part I, line 27a .....................
2
234,229
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
15,709,779
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
15,709,779
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
0
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 Public Traded Securities      
b
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 2,513,228   1,866,990 646,238
b
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       646,238
b
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 2 646,238
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 0
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  
3 Add lines 1 and 2........................... 3 12,395
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 12,395
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 15,000
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.............. Part VI Line 7 - Tax Paid with the Original Return: 0 7 15,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,605
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet0 RefundedBullet 11 2,605
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
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see attachment
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)
    bullet
    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 addressbulletNONE
    14
    The books are in care ofbulletPam Carnahan Telephone no.bullet (804) 377-4267

    Located atbullet800 E CANAL STSUITE 700RICHMONDVA ZIP+4bullet232193955
    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)
     
    No
    (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
     
     
    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
     
    No
    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
     
     
    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)
     
    No
    (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
     
     
    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
     
     
    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? .............................
    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
     
     
    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
    Elizabeth W RobertsonClick to see attachment Chairman
    1.00     		0 0 0
    800 E Canal Street
    STE 700
    Richmond,VA23219
    T Patrick CollinsClick to see attachment President
    2.00     		0 0 0
    800 E Canal Street
    STE 700
    Richmond,VA23219
    Brad H BookerClick to see attachment Director
    1.00     		0 0 0
    800 E Canal Street
    STE 700
    Richmond,VA23219
    Richard D DickinsonClick to see attachment Director
    1.00     		0 0 0
    800 E Canal Street
    STE 700
    Richmond,VA23219
    J Morgan DavisClick to see attachment Director
    1.00     		0 0 0
    800 E Canal Street
    STE 700
    Richmond,VA23219
    Kevin R LaingClick to see attachment Director
    1.00     		0 0 0
    800 E Canal Street
    STE 700
    Richmond,VA23219
    Duncan S OwenClick to see attachment Director
    1.00     		0 0 0
    800 E Canal Street
    STE 700
    Richmond,VA23219
    Erin S JewettClick to see attachment Director
    1.00     		0 0 0
    800 E Canal Street
    STE 700
    Richmond,VA23219
    Hugh T Harrison JrClick to see attachment Director
    1.00     		0 0 0
    800 E Canal Street
    STE 700
    Richmond,VA23219
    George C Freeman IIIClick to see attachment Director
    1.00     		0 0 0
    800 E Canal Street
    STE 700
    Richmond,VA23219
    Pamela F CarnahanClick to see attachment Secretary Treasurer
    3.00     		0 0 0
    800 E Canal Street
    STE 700
    Richmond,VA23219
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    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  
    2  
    3  
    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 NONE  
    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
    15,512,052
    b
    Average of monthly cash balances.......................
    1b
    726,226
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,238,278
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    16,238,278
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    243,574
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    15,994,704
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    799,735
    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
    799,735
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    12,395
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    0
    c
    Add lines 2a and 2b............................
    2c
    12,395
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    787,340
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    787,340
    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
    787,340
    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 7 787,340
    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  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 12,230
    b From 2017...... 32,868
    c From 2018...... 86,809
    d From 2019...... 93,444
    e From 2020...... 51,168
    f Total of lines 3a through e ........ 276,519
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 645,216
    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)........     		Click to see attachment0
    d Applied to 2021 distributable amount..... 645,216
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 142,124 142,124
    (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 5 134,395
    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 ......     		134,395
    10 Analysis of line 9:
    a Excess from 2017.... 0
    b Excess from 2018.... 0
    c Excess from 2019.... 83,227
    d Excess from 2020.... 51,168
    e Excess from 2021.... 0
    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).)
    none
    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.
    none
    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:
    TowneBank Richmond Foundation
    800 E Canal Street
    STE 700
    Richmond,VA23219
    (804) 543-2470
    PAM.CARNAHAN@TOWNEBANK.NET
    bThe form in which applications should be submitted and information and materials they should include:
    The request must be in writing and must provide the organization's name mission description amount requested and the purposed for which funds will be used.
    cAny submission deadlines:
    10 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Contributions are granted primarily to non-profit 501c3 organizations serving markets in which TowneBank Richmond serves.
    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
    Anna Julia Cooper Episcopal School
    2124 N 29th St
    Richmond,VA23223     		No Relationship PC Contribution 20,000
    All Saints Catholic School
    3418 Noble Ave
    Richmond,VA23222     		No Relationship PC contribution 5,000
    Beacon Tree
    9011 Arboretum PKWY
    Suite 240
    Richmond,VA23236     		No Relationship PC contribution 2,000
    Beth Sholom of VA
    1600 John Rolfe PKWY
    Richmond,VA23238     		No Relationship PC contribution 15,000
    BETTER HOUSING COALITION
    23 W BROAD ST
    SUITE 100
    RICHMOND,VA23220     		No Relationship PC CONTRIBUTION 15,000
    BETTER2GETHER
    12120 ORMOND DRVIE
    RICHMOND,VA23233     		No Relationship PC CONTRIBUTION 1,000
    BON SECOURS NURSING SCHOOL
    5008 MONUMENT AVENUE
    RICHMOND,VA23220     		No Relationship PC CONTRIBUTION 7,500
    BOY SCOUTS OF AMERICA
    PO BOX 6809
    RICHMOND,VA23230     		No Relationship PC CONTRIBUTION 7,500
    BOY SCOUTS OF AMERICA
    PO BOX 6809
    RICHMOND,VA23230     		No Relationship PC MATCHING CONTRIBUTION 600
    BOYS GIRLS CLUB OF METRO RICHOND
    5511 STAPLES MILL RD
    STE 301
    RICHMOND,VA23228     		No Relationship PC CONTRIBUTION 35,000
    CANCER LINC
    PO BOX 73281
    RICHMOND,VA23235     		No Relationship PC CONTRIBUTION 3,000
    CAPITAL TREES
    200 S 3RD ST
    STE 101
    RICHMOND,VA23219     		No Relationship PC CONTRIBUTION 2,000
    CAPITAL TREES
    200 S 3RD ST
    STE 101
    RICHMOND,VA23219     		No Relationship PC MATCHING CONTRIBUTION 150
    CARITAS
    PO BOX 25790
    RICHMOND,VA23260     		No Relationship PC CONTRIBUTION 5,000
    CASA CHESTERFIELD
    9457 AMBERDALE DR
    RICHMOND,VA23236     		No Relationship PC CONTRIBUTION 1,000
    HENRICO CASA
    3001 HUNGRY SPRING RD
    STE A
    RICHMOND,VA23228     		No Relationship PC CONTRIBUTION 1,000
    CELEBRATE RVA
    2920 WEST BROAD ST
    RICHMOND,VA23220     		No Relationship PC CONTRIBUTION 500
    CHESTERFIELD CULTURAL ARTS CTR
    PO BOX 3296
    CHESTER,VA23831     		No Relationship PC CONTRIBUTION 2,500
    CHILDRENS HOME SOCIETY
    4200 FITZHUGH AVE
    RICHMOND,VA23230     		No Relationship PC CONTRIBUTION 2,000
    CITY OF RICHMOND PUBLIC LIBRARY
    101 E FRANKLIN ST
    RICHMOND,VA23219     		No Relationship PC CONTRIBUTION 2,500
    COLLEGIATE SCHOOL
    104 MOORELAND RD
    RICHMOND,VA23229     		No Relationship PC MATCHING CONTRIBUTION 2,500
    COMFORT ZONE CAMP
    7201 GLEN FOREST DRIVE
    STE 301
    RICHMOND,VA23226     		No Relationship PC CONTRIBUTION 5,000
    COMFORT ZONE CAMP
    7201 GLEN FOREST DR
    STE 301
    RICHMOND,VA23226     		No Relationship PC MATCHING CONTRIBUTION 2,404
    COMMUNITIES IN SCHOOL RICHMOND
    2922 W MARSHALL ST
    SUITE 2
    RICHMOND,VA23230     		No Relationship PC CONTRIBUTION 2,500
    CONEXUS
    11618 BUSY STREET
    RICHMOND,VA23236     		No Relationship PC CONTRIBUTION 2,500
    CROSS OVER HEALTHCARE MINISTRY
    8600 QUIOCCASIN RD
    RICHMOND,VA23229     		No Relationship PC CONTRIBUTION 10,000
    CULTURAL ARTS CENTER GA
    2880 MOUNTAIN RD
    GLEN ALLEN,VA23060     		No Relationship PC CONTRIBUTION 5,000
    CULTUREWORKS
    1906 N HAMILTON ST
    STE A
    RICHMOND,VA23230     		No Relationship PC CONTRIBUTION 1,000
    CYSTIC FIBROSIS FOUNDATION
    4550 MONTGOMERY AVE
    STE 100N
    BETHESDA,MD20814     		No Relationship PC MATCHING CONTRIBUTION 100
    FEEDMORE
    1415 RHOADMILLER ST
    RICHMOND,VA23220     		No Relationship PC CONTRIBUTION 20,000
    FEEDMORE
    1415 RHOADMILLER ST
    RICHMOND,VA23220     		No Relationship PC MATCHING CONTRIBUTION 950
    GATEWAY HOMES
    11901 REEDY BRANCH RD
    C/O HEATHER PARIS
    CHESTERFIELD,VA23838     		No Relationship POF CONTRIBUTION 5,000
    GOOD SAMARITAN MINISTRIES
    2307 HULL STREET
    RICHMOND,VA23224     		No Relationship PC CONTRIBUTION 7,500
    GOOD SAMARITAN MINISTRIES
    2307 HULL STREET
    RICHMOND,VA23224     		No Relationship PC MATCHING CONTRIBUTION 4,000
    GREATER RICHMOND PARTNERSHIP
    901 E BYRD STREET
    STE 801
    RICHMOND,VA23219     		No Relationship PC CONTRIBUTION 5,000
    GREATER RICHMOND SCAN CASA
    103 E GRACE STREET
    RICHMOND,VA23219     		No Relationship PC CONTRIBUTION 5,000
    HOUSING FAMILIES FIRST
    3900 NINE MILE RD
    HENRICO,VA23223     		No Relationship PC CONTRIBUTION 2,500
    HOUSING FAMILIES FIRST
    3900 NINE MILE RD
    HENRICO,VA23223     		No Relationship PC MATCHING CONTRIBUTION 50
    INNSBROOK FOUNDATION
    4600 COX RD
    SUITE 109
    GLEN ALLEN,VA23060     		No Relationship PC CONTRIBUTION 3,000
    Jills Blankets
    11312 Deephaven Ct
    RICHMOND,VA23233     		No Relationship PC CONTRIBUTION 1,000
    JAMES RIVER GARDEN CLUB
    12 EAST FRANKLIN ST
    RICHMOND,VA23219     		No Relationship PC CONTRIBUTION 1,000
    JUNIOR ACHIEVEMENT
    7217 W BROAD ST
    RICHMOND,VA23294     		No Relationship PC CONTRIBUTION 2,500
    LEUKEMIA AND LYMPHOMA SOCIETY
    5540 FALMOUTH ST
    STE 101
    RICHMOND,VA23230     		No Relationship PC MATCHING CONTRIBUTION 1,000
    MEDARVA
    8700 STONTY POINT PKWY
    SUITE 100
    RICHMOND,VA23235     		No Relationship PC CONTRIBUTION 20,000
    NEXT UP
    750 BOULDERS VIEW DRIVE
    SUITE 110
    RICHMOND,VA23225     		No Relationship PC CONTRIBUTION 7,500
    NOVA OF VA AQUATICS
    12207 GAYTON RD
    HENRICO,VA23238     		No Relationship PC CONTRIBUTION 10,000
    NOVA OF VA AQUATICS
    12207 GAYTON RD
    HENRICO,VA23238     		No Relationship PC MATCHING CONTRIBUTION 1,250
    PEPPERDINE UNIVERSITY
    24255 PACIFIC COAST HWY
    MALIBU,CA90263     		No Relationship PC MATCHING CONTRIBUTION 1,518
    PGA TOUR CHARITIES
    100 PGA TOUR BLVD
    PONTE VEDRA BEACH,FL32082     		No Relationship PC CONTRIBUTION 50,000
    PGA TOUR CHARITIES ACCESS NOW
    100 PGA TOUR BLVD
    PONTE VEDRA BEACH,FL32082     		No Relationship PC CONTRIBUTION 10,000
    PGA TOUR CHARITIES CAMERON K GALLAG
    100 PGA TOUR BLVD
    PONTE VEDRA BEACH,FL32082     		No Relationship PC CONTRIBUTION 10,000
    PGA Tour Charities for Coming
    100 PGA Tour Blvd
    PONTE VEDRA BEACH,FL32082     		No Relationship PC Matching Contribution 250
    PGA Tour Charities for Blue SkyFund
    100 PGA Tour Blvd
    PONTE VEDRA BEACH,FL32082     		No Relationship PC Matching Gift 250
    PGA Tour Charities for Hanover Educ
    100 PGA Tour Blvd
    PONTE VEDRA BEACH,FL32082     		No Relationship PC Contribution 3,500
    PGA Tour Charities for PeterPaulDev
    100 PGA Tour Blvd
    PONTE VEDRA BEACH,FL32082     		No Relationship PC Contribution 20,000
    PGA Tour CharitiesforRichmondBallet
    100 PGA Tour Blvd
    PONTE VEDRA BEACH,FL32082     		No Relationship PC Matching Gift 8,000
    PGA Tour Charities for St James
    100 PGA Tour Blvd
    PONTE VEDRA BEACH,FL32082     		No Relationship PC Contribution 10,000
    Poe Foundation
    1914 East Main Street
    Richmond,VA23223     		No Relationship PC Contribution 2,500
    Project Homes
    88 Carnation St
    Richmond,VA23225     		No Relationship PC Contribution 5,000
    Rework Richmond
    1719 N 22nd St
    Richmond,VA23223     		No Relationship PC Contribution 2,500
    Rework Richmond
    1719 N 22nd St
    Richmond,VA23223     		No Relationship EOF Matching Contribution 4,000
    Richmond Ballet
    407 E Canal Street
    Richmond,VA23219     		No Relationship PC Contributions 35,000
    Richmond Ballet
    407 E Canal St
    Richmond,VA23219     		No Relationship PC Matching Contribution 7,000
    Richmond Philharmonic Orchestra
    8100 Three Chopt Rd
    Ste 238
    Richmond,VA23229     		No Relationship PC Contribution 1,500
    RICHMOND POLICE ATHLETIC LEAGUE
    2723 BYRON STREET
    RICHMOND,VA23223     		No Relationship PC CONTRIBUTION 2,000
    RICHMOND REGION TOURISM
    401 N 3RD STREET
    RICHMOND,VA23219     		No Relationship EOF CONTRIBUTION 20,000
    RICHMOND SPCA
    2519 HERMITAGE RD
    RICHMOND,VA23220     		No Relationship PC MATCHING CONTRIBUTION 200
    SALVATION ARMY BOYS AND GIRLS CLUB
    3701 R STREET
    RICHMOND,VA23233     		No Relationship PC CONTRIBUTION 2,500
    SCIENCE MUSEUM OF VA
    2500 W BROAD STREET
    RICHMOND,VA23220     		No Relationship PC CONTRIBUTION 6,500
    SOAR 365
    3600 SAUNDERS AVE
    RICHMOND,VA23227     		No Relationship PC CONTRIBUTION 7,500
    SO RICHMOND ADULT DAY CARE CTR
    1500 HULL STREET
    RICHMOND,VA23224     		No Relationship PC CONTRIBUTION 2,000
    SPARC
    2106 A N HAMILTON ST
    RICHMOND,VA23230     		No Relationship EOF CONTRIBUTION 1,000
    SPORTABLE
    1365 OVERBROOK RD
    STE 2
    RICHMOND,VA23220     		No Relationship PC CONTRIBUTION 2,500
    SPORTS BACKERS
    100 AVENUE OF CHAMPIONS
    SUITE 300
    RICHMOND,VA23230     		No Relationship PC CONTRIBUTION 5,000
    ST ANDREWS SCHOOL
    227 S CHERRY STREET
    RICHMOND,VA23220     		No Relationship PC CONTRIBUTION 7,500
    START UP VA
    1717 E CARY ST
    RICHMOND,VA23223     		No Relationship PC CONTRIBUTION 2,500
    SWIFT CREEK MILL THEATRE
    17401 JEFF DAVIS HWY
    COLONIAL HEIGHTS,VA23834     		No Relationship PC CONTRIBUTION 2,500
    TECH FOR TROOPS
    4840 WALLER RD
    RICHMOND,VA23230     		No Relationship PC CONTRIBUTION 1,500
    THE DOORWAYS
    612 E MARSHALL ST
    RICHMOND,VA23219     		No Relationship EOF CONTRIBUTION 12,500
    UP RVA
    4609 WYTHE AVE
    RICHMOND,VA23226     		No Relationship PC CONTRIBUTION 1,000
    UP RVA
    4609 WYTHE AVENUE
    RICHMOND,VA23226     		No Relationship PC MATCHING CONTRIBUTION 4,000
    VA WAR MEMORIAL
    621 S BELVIDERE ST
    RICHMOND,VA23220     		No Relationship PC CONTRIBUTION 12,500
    VALENTINE MUSEUM
    1015 E CLAY ST
    RICHMOND,VA23219     		No Relationship PC CONTRIBUTION 15,000
    VCU MASSEY CANCER CTR
    PO BOX 980037
    RICHMOND,VA23298     		No Relationship PC MATCHING CONTRIBUTION 1,494
    VCU SCHOOL OF BUSINESS
    301 W MAIN ST
    SNEAL HALL
    RICHMOND,VA23284     		No Relationship PC CONTRIBUTION 5,000
    VETERANS NAVIGATOR
    7501 BOULDERS VIEW DRIVE
    SUITE 201
    N CHESTERFIELD,VA23225     		No Relationship PC CONTRIBUTION 2,000
    VA CTR FOR INCLUSIVE COMMUNITIES
    5511 STAPLES MILL RD
    STE 202
    RICHMOND,VA23228     		No Relationship PC CONTRIBUTION 1,500
    VA COUNCIL ON ECOMOMIC EDUCATION
    PO BOX 844000
    RICHMOND,VA23284     		No Relationship PC CONTRIBUTION 2,000
    VA HOME FOR BOYS AND GIRLS
    8717 W BROAD ST
    RICHMOND,VA23294     		No Relationship PC CONTRIBTUION 5,000
    VA REPERTORY THEATRE
    114 W BROAD ST
    RICHMOND,VA23220     		No Relationship PC CONTRIBUTION 10,000
    VA SUPPORTIVE HOUSING
    5008 MONUMENT AVE
    RICHMOND,VA23220     		No Relationship PC CONTRIBUTION 7,500
    VA VOICE
    PO BOX 15546
    RICHMOND,VA23227     		No Relationship PC CONTRIBUTION 2,500
    VIRIDIANT
    1431 W MAIN ST
    RICHMOND,VA23220     		No Relationship PC CONTRIBUTION 5,000
    WILLIAM AND MARY LAW SCHOOL
    PO BOX 8795
    WILLIAMSBURG,VA23187     		No Relationship PC MATCHING CONTRIBUTION 500
    WORLD PEDIATRIC PROJECT
    7201 GLEN FOREST DRIVE
    STE 304
    RICHMOND,VA23226     		No Relationship PC CONTRIBUTION 5,000
    YMCA OF GREATER RICHMOND
    6 N 5TH STREET
    RICHMOND,VA23235     		No Relationship PC CONTRIBUTION 20,000
    ASK CHILDHOOD CANCER FDN
    5211 W BROAD ST
    STE 100
    RICHMOND,VA23230     		No Relationship PC CONTRIBUTION 7,500
    AUTISM SOCIETY OF CENTRAL VA
    8730 STONY POINT PKWY
    RICHMOND,VA23235     		No Relationship PC CONTRIBUTION 500
    BUNCOMBE COUNTY SCHOOLS FDN
    175 BINGHAM RD
    ASHEVILLE,NC28806     		No Relationship PC MATCHING GIFT 100
    Coming to the Table RVA
    3601 Seminary Ave
    Richmond,VA23227     		No Relationship PC Contribution 2,500
    Commonwealth Christian Academy
    7521 Comanche Drive
    Richmond,VA23225     		No Relationship EOF Matching contribution 4,000
    Connor's Heroes FDN
    1840 W BROAD ST
    STE 300
    Richmond,VA23220     		No Relationship PC CONTRIBUTION 1,000
    CRISTO REY HIGH SCHOOL
    313 N BELMONT
    Richmond,VA23221     		No Relationship PC CONTRIBUTION 2,500
    CULTURAL CTR OF INDIA
    6641 IRONBRIDGE PKWY
    CHESTER,VA23831     		No Relationship PC CONTRIBUTION 5,000
    ENRICHMOND FDN
    1500 E FRANKLIN ST
    RICHMOND,VA23219     		No Relationship PC MATCHING CONTRIBUTION 250
    GARFIELDS RESCUE
    PO BOX 257
    KILMARNOCK,VA22482     		No Relationship PC MATCHING CONTRIBUTION 250
    GOOCHLAND CARES
    2999 RIVER ROAD
    GOOCHLAND,VA23063     		No Relationship PC CONTRIBUTION 5,000
    GOOCHLAND CARES
    2999 RIVER RD
    GOOCHLAND,VA23063     		No Relationship EOF MATCHING CONTRIBUTION 500
    JAMES RIVER ASSOCIATION
    211 ROCKETTS WAY
    200
    HENRICO,VA23231     		No Relationship PC MATCHING CONTRIBUTION 5,000
    LITTLE HANDS VIRGINIA
    7101 FOREST HILL AVE
    SUITE L
    RICHMOND,VA23235     		No Relationship PC CONTRIBUTION 1,000
    NATIONAL WWII MUSEUM
    945 MAGAZINE ST
    NEW ORLEANS,LA70130     		No Relationship PC MATCHING CONTRIBUTION 250
    NORTHERN NECK MIDDLESEX FREE CLINIC
    51 WILLIAM B GRAHAM CT
    KILMARNOCK,VA22482     		No Relationship PC MATCHING CONTRIBUTION 250
    OLD BRICK HOUSE FOUNDATION
    131 WATERFRONT DRIVE
    COLONIAL HEIGHTS,VA23834     		No Relationship PC MATCHING GIFT CONTRIBUTION 200
    RICHMOND FIRST TEE
    400 SCHOOL ST
    RICHMOND,VA23222     		No Relationship PC CONTRIBUTION 5,000
    ELIZABETH DOLE FOUNDATION
    600 NEW HAMPSHIRE AVENUE
    10TH FLOOR
    WASHINGTON,DC20037     		No Relationship PC MATCHING CONTRIBUTION 200
    NATURE FOUNDATION AT WINTERGREEN
    3421 WINTERGREEN DR
    WINTERGREEN,VA22967     		No Relationship PC MATCHING CONTRIBUTION 500
    BATTLE OF THE BULGE ASSOCIATION
    10310 MEMORY LANE
    STE 2E
    CHESTERFIELD,VA23832     		No Relationship PC MATCHING CONTRIBUTION 500
    Total .................................bullet 3a 645,216
    bApproved for future payment
    Total .................................bullet 3b  
    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 ....   0   0 0
    3 Interest on savings and temporary cash
    investments ...........     		  0 14 21,513 0
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......   0   0 0
    bNot debt-financed property.....   0   0 0
    6 Net rental income or (loss) from personal property   0   0 0
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		  0 18 646,238 0
    9 Net income or (loss) from special events:   0   0 0
    10 Gross profit or (loss) from sales of inventory   0   0 0
    11 Other revenue:
    a       		  0   0 0
    b     0   0 0
    c     0   0 0
    d     0   0 0
    e     0   0 0
    12 Subtotal. Add columns (b), (d), and (e) .. 0 961,990 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    961,990
    (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.)
    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: 21013404
    Software Version: V1.0
    Part VI Line 7 - Tax Paid with the Original Return: 0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 DistributionFromCorpusElection
    Name:
    TOWNEBANK RICHMOND FOUNDATION
    EIN:
    54-1996321
    Software ID:
    21013404
    Software Version:
    V1.0
    Election:
    none

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    TOWNEBANK RICHMOND FOUNDATION
    EIN:
    54-1996321
    Software ID:
    21013404
    Software Version:
    V1.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE 0 0
    ALTRIA GROUP 0 0
    AMERICAN EXPRESS 0 0
    AMGEN 0 0
    BANK OF AMERICA 0 0
    CAPITAL ONE FINANCIAL CORP 0 0
    CHEVRON 0 0
    CITIGROUP 0 0
    COCA COLA CO 0 0
    CVS HEALTH CORP 0 0
    GENERAL DYNAMICS 0 0
    HALLIBURTON CO 0 0
    JP MORGAN CHASE & CO 0 0
    MARATHON OIL 0 0
    PAYPAL HOLDINGS 0 0
    SHERWIN WILLIAMS 0 0
    WALT DISNEY 0 0
    WELLS FARGO & CO 0 0
    APPLE INC 0 0
    OCCIDENTAL 0 0
    PHILIP MORRIS 0 0
    TOYOTA MOTOR CREDIT 0 0

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    TOWNEBANK RICHMOND FOUNDATION
    EIN:
    54-1996321
    Software ID:
    21013404
    Software Version:
    V1.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 0 0
    ABBOTT LABORATORIES 0 0
    ABBVIE 0 0
    ACCENTURE 0 0
    ACTIVISION 0 0
    ADOBE 0 0
    AIA GROUP 0 0
    AIR PRODUCTS & CHEMICALS 0 0
    ALPHABET INC 0 0
    AMDOCS 0 0
    AMERICAN TOWER 0 0
    AMGEN 0 0
    ANALOG DEVICES 0 0
    ANHEUSER BUSCH 0 0
    ANTHEM INC 0 0
    AON PLC CL A 0 0
    APPLE INC 0 0
    APTIV PLC 0 0
    BALL CORP 0 0
    BECTON DICKINSON 0 0
    BOSTON SCIENTIFIC 0 0
    BRISTOL MYERS SQUIBB CO 0 0
    BROADCOM INC 0 0
    BROADRIDGE FINL SOL 0 0
    BROOKFIELD ASSET MNGMT INC CL A 0 0
    BUNGE LIMITED 0 0
    CAPITAL ONE FINL CORP 0 0
    CARMAX 0 0
    CANNAE HOLDINGS 0 0
    CDK GLOBAL 0 0
    CERNER CORP 0 0
    CHUBB LIMITED 0 0
    CITIGROUP INC 0 0
    CME GROUP 0 0
    COCA COLA CO 0 0
    COLOPLAST 0 0
    COMCAST CORP 0 0
    CONSTELLATION SOFTWARE 0 0
    CORNING INCE 0 0
    CROWN CASTLE INTL CORP 0 0
    CSL LTD 0 0
    CVS HEALTH CORP 0 0
    DANAHER CORP 0 0
    DEERE & CO 0 0
    DICKS SPORTING GOODS 0 0
    DISCOVER FINL SVCS 0 0
    DISCOVERY COMMUNICATIONS 0 0
    DODGE AND COX 0 0
    DISH NETWORK 0 0
    DOMINION ENERGY 0 0
    DOMINOS PIZZA 0 0
    ENCOMPASS HEALTH CORP 0 0
    EOG RESOURCES 0 0
    EXPERIAN PLC 0 0
    FACEBOOK INC 0 0
    FAIRFAX FINANCIAL HOLDINGS 0 0
    FEDEX CORP 0 0
    FERRARI 0 0
    FIDELITY NATL FINANCIAL 0 0
    FISERV 0 0
    FLEETCOR TECHNOLOGIES 0 0
    FLIR SYSTEMS 0 0
    GENERAL DYNAMICS 0 0
    GOLDMAN SACHS GROUP 0 0
    HCA HEALTHCARE 0 0
    HOME DEPOT 0 0
    HONEYWELL 0 0
    IHS MARKIT LTD 0 0
    ILLUMINA 0 0
    INTUIT 0 0
    ISHARES EURO 0 0
    ISHARES FLOATING RATE 0 0
    ISHARES 1-3 YR TREASURY BOND ETF 0 0
    ISHARES 3-7 YR TREASURY BOND ETF 0 0
    ISHARES 5-10 YR INVESTMENT GRADE BOND ETF 0 0
    JP MORGAN CHASE 0 0
    L3HARRIS TECHNOLOGIES 0 0
    LAMAR ADVERTISING CO 0 0
    LIBERTY BROADBAND CORP 0 0
    LOWES COMPANIES 0 0
    LVMH MOET HENNESSY LOUIS VUITTON ADR 0 0
    MARTIN MARIETTA MATERIALS 0 0
    MASTERCARD INC 0 0
    MEDTRONIC 0 0
    MERCADOLIBRE 0 0
    MERCK & CO 0 0
    METTLER TOLEDO 0 0
    MICROSOFT CORP 0 0
    NASDAQ INC 0 0
    NESTLE S A SPNSD 0 0
    NEWMONT CORP 0 0
    NEXTERA ENERGY 0 0
    NIKE 0 0
    NORFOLK SOUTHERN CORP 0 0
    NORTHERN TRUST CORP 0 0
    PEPSICO 0 0
    PHILIP MORRIS INTL 0 0
    PTC INC 0 0
    QUALCOMM 0 0
    QUALYS INC 0 0
    RACKSPACE TECHNOLOGY INC 0 0
    SCHWAB CHARLES CORP 0 0
    SHERWIN WILLIAMS 0 0
    STARBUCKS CORP 0 0
    SONY CORP 0 0
    STRYKER CORP 0 0
    TE CONNECTIVITY 0 0
    TENCENT HOLDINGS 0 0
    TEXAS INSTRUMENTS 0 0
    TJX COC INC 0 0
    TMOBILE US 0 0
    TOUCHSTONE MID CAP FUND 0 0
    TOWNEBANK 0 0
    TRUIST FINANCIAL 0 0
    TYSON FOODS INC 0 0
    UBER TECHNOLOGIES 0 0
    UNION PACIFIC 0 0
    UNITED PARCEL SVC INC B 0 0
    UNITED HEALTH GROUP 0 0
    VANGUARD SHORT TERM BOND FUND 0 0
    VERISK ANALYTICS 0 0
    VERIZON COMMUNICATIONS 0 0
    VERTEX PHARMACEUTICALS 0 0
    WALMART 0 0
    WALT DISNEY CO 0 0
    AKAMAI TECHNOLOGIES 0 0
    ALIBABA GROUP 0 0
    AMAZON.COM INC 0 0
    AUTOZONE 0 0
    BERKSHIRE HATHAWAY 0 0
    CBRE GROUP 0 0
    CHEVRON CORP 0 0
    CISCO SYSTEMS 0 0
    DIAGEO PLC 0 0
    EATON CORP 0 0
    ENBRIDGE NC 0 0
    F5 NETWORKS 0 0
    GAMING & LEISURE PPTYS 0 0
    GILEAD SCIENCES 0 0
    HOLOGIC 0 0
    ISHARES EMKT 0 0
    ISHARES NASDAQ BIOTECH 0 0
    ISHARES TR CORE US 0 0
    JOHNSON & JOHNSON 0 0
    LENNAR CORP 0 0
    MARKEL CORP 0 0
    MCDONALDS 0 0
    MOODYS CORP 0 0
    MOTOROLA 0 0
    NXP SEMICONDUCTORS 0 0
    PAYPAL 0 0
    PHILLIPS 66 0 0
    RESTAURANT BRANDS 0 0
    S&P GLOBAL 0 0
    SALESFORCE.COM 0 0
    VISA INC CLASS A 0 0
    WP CAREY 0 0
    WATSCO INC A 0 0

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    TOWNEBANK RICHMOND FOUNDATION
    EIN:
    54-1996321
    Software ID:
    21013404
    Software Version:
    V1.0
    US Government Securities - End of Year Book Value:

    10,109
    US Government Securities - End of Year Fair Market Value:

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


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


    0


    TY 2021 LiquidationExplanationStmt
    Name:
    TOWNEBANK RICHMOND FOUNDATION
    EIN:
    54-1996321
    Software ID:
    21013404
    Software Version:
    V1.0
    Statement:
    The TowneBank Richmond Foundation was consolidated into The TowneBank Foundation.


    TY 2021 OtherAssetsSchedule
    Name:
    TOWNEBANK RICHMOND FOUNDATION
    EIN:
    54-1996321
    Software ID:
    21013404
    Software Version:
    V1.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Dividend receivable 46,260 0 0
    0 0 0 0


    TY 2021 OtherDecreasesSchedule
    Name:
    TOWNEBANK RICHMOND FOUNDATION
    EIN:
    54-1996321
    Software ID:
    21013404
    Software Version:
    V1.0
    Description Amount
    Assets of "TowneBank Richmond Foundation" consolidated into "The TowneBank Foundation" in Dec 2021 15,709,779


    TY 2021 OtherExpensesSchedule
    Name:
    TOWNEBANK RICHMOND FOUNDATION
    EIN:
    54-1996321
    Software ID:
    21013404
    Software Version:
    V1.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Management fees 68,964 68,964 0 0
    Foreign withholding taxes 1,320 1,320 0 0


    TY 2021 OtherIncomeSchedule2
    Name:
    TOWNEBANK RICHMOND FOUNDATION
    EIN:
    54-1996321
    Software ID:
    21013404
    Software Version:
    V1.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Interest refunded from IRS 12 0 0
    2020 Excise tax overpayment refund from IRS 2,727 0 0


    TY 2021 OtherLiabilitiesSchedule
    Name:
    TOWNEBANK RICHMOND FOUNDATION
    EIN:
    54-1996321
    Software ID:
    21013404
    Software Version:
    V1.0
    Description Beginning of Year - Book Value End of Year - Book Value
    0 0 0


    TY 2021 TaxesSchedule
    Name:
    TOWNEBANK RICHMOND FOUNDATION
    EIN:
    54-1996321
    Software ID:
    21013404
    Software Version:
    V1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated tax payments 15,000 0 0 0