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 07-01-2021 , and ending 06-30-2022
Name of foundation
RICHARD S REYNOLDS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1403 PEMBERTON ROAD 102
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RICHMOND, VA23233
A Employer identification number

54-6037003
B Telephone number (see instructions)

(804) 740-7350
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$50,890,454J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 44 44  
4 Dividends and interest from securities... 637,329 637,329  
5a Gross rents............ 144,978 144,978  
b Net rental income or (loss) 144,978
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,647,507
b Gross sales price for all assets on line 6a 11,377,730
7 Capital gain net income (from Part IV, line 2)... 2,640,152
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 12,367 11,319  
12 Total. Add lines 1 through 11........ 3,442,225 3,433,822  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 54,245 5,424   48,821
15 Pension plans, employee benefits....... 12,205 1,220   10,985
16a Legal fees (attach schedule)......... Click to see attachment 4,011 0   4,011
b Accounting fees (attach schedule)....... Click to see attachment 5,375 0   3,875
c Other professional fees (attach schedule).... Click to see attachment 222,818 188,777   34,041
17 Interest............... 1,515 1,515   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 112,220 6,762   377
19 Depreciation (attach schedule) and depletion... Click to see attachment 758 0  
20 Occupancy.............. 55,602 0   55,602
21 Travel, conferences, and meetings....... 11,605 0   11,605
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 207,044 168,317   36,583
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 687,398 372,015   205,900
25 Contributions, gifts, grants paid....... 2,793,500 2,793,500
26 Total expenses and disbursements. Add lines 24 and 25 3,480,898 372,015   2,999,400
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -38,673
b Net investment income (if negative, enter -0-) 3,061,807
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......... 2,185,769 1,717,315 1,717,315
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,296,846 Click to see attachment3,098,729 3,010,442
b Investments—corporate stock (attach schedule)....... 25,641,325 Click to see attachment27,497,277 39,140,286
c Investments—corporate bonds (attach schedule)....... 7,104,725 Click to see attachment4,773,919 4,308,908
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,303,144 Click to see attachment2,406,771 2,591,015
14 Land, buildings, and equipment: basis bullet89,621
Less: accumulated depreciation (attach schedule) bullet87,024 1,654 Click to see attachment2,597 2,597
15 Other assets (describe bullet) Click to see attachment121,891 Click to see attachment119,891 Click to see attachment119,891
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 39,655,354 39,616,499 50,890,454
Liabilities 17 Accounts payable and accrued expenses.......... 5,735 5,553
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)......... 5,735 5,553
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...........    
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........ 23,934,570 23,934,570
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 15,715,049 15,676,376
29 Total net assets or fund balances (see instructions)..... 39,649,619 39,610,946
30 Total liabilities and net assets/fund balances (see instructions). 39,655,354 39,616,499
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
39,649,619
2
Enter amount from Part I, line 27a .....................
2
-38,673
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
39,610,946
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
39,610,946
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 PUBLICLY-TRADED SECURITIES      
b MADOFF FUND DISTRIBUTION      
c PASSTHROUGH K-1 CAPITAL GAIN      
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 11,165,820   8,730,223 2,435,597
b 3,890     3,890
c 200,665     200,665
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,435,597
b       3,890
c       200,665
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,640,152
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 42,559
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 42,559
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 62,640
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 62,640
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 20,081
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet20,081 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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
    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 addressbulletN/A
    14
    The books are in care ofbulletVICTORIA PITRELLI Telephone no.bullet (804) 740-7350

    Located atbullet1403 PEMBERTON ROAD SUITE 102RICHMONDVA ZIP+4bullet23233
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
     
    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
    DOROTHY R BROTHERTON SECRETARY
    0.50     		0 0 0
    1403 PEMBERTON RD STE 102
    RICHMOND,VA23233
    GLENN R MARTIN VICE PRESIDENT
    0.50     		0 0 0
    1403 PEMBERTON RD STE 102
    RICHMOND,VA23233
    RANDOLPH N REYNOLDS TREASURER
    0.50     		0 0 0
    1403 PEMBERTON RD STE 102
    RICHMOND,VA23233
    RICHARD S REYNOLDS III PRESIDENT
    0.50     		0 0 0
    1403 PEMBERTON RD STE 102
    RICHMOND,VA23233
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    VICTORIA PITRELLI EXECUTIVE DIRECTOR
    26.00     		54,245 5,662 0
    1403 PEMBERTON RD STE 102
    RICHMOND,VA23233
    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
    NONE
    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  
    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  
    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
    55,826,996
    b
    Average of monthly cash balances.......................
    1b
    2,440,367
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,786,633
    d
    Total (add lines 1a, b, and c).........................
    1d
    61,053,996
    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
    61,053,996
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    915,810
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    60,138,186
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,006,909
    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
    3,006,909
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    42,559
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    19
    c
    Add lines 2a and 2b............................
    2c
    42,578
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,964,331
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,964,331
    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
    2,964,331
    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 2,964,331
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,671,647
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,999,400
    a Applied to 2020, but not more than line 2a 1,671,647
    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..... 1,327,753
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		1,636,578
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    VICTORIA PITRELLI
    1403 PEMBERTON RD SUITE 102
    RICHMOND,VA23233
    (804) 740-7350
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OUTLINING GRANT PROPOSAL, VERIFICATION OF APPLICANT'S TAX EXEMPT STATUS AND FINANCIAL INFORMATION (BUDGET OR FINANCIAL STATEMENTS).
    cAny submission deadlines:
    OCTOBER 31 AND APRIL 30
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    MUST BE ORGANIZATION CLASSIFIED AS PUBLIC CHARITY OR QUALIFIED ORGANIZATION (EDUCATIONAL, LITERARY, SCIENTIFIC OR RELIGOUS) DESCRIBED IN SECTION 170(C) OF THE INTERNAL REVENUE CODE.
    Form 990-PF (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
    AN ACHIEVABLE DREAM CERTIFIED ACADEMIES INC
    10858 WARWICK BLD NO A
    NEWPORT NEWS,VA23601     		N/A PC 1 OF 3/WHAT IT TAKES, HENRICO 40,000
    ANIMAL CARE ASSISTANCE PROGRAM
    PO BOX 803
    LOUISA,VA230930803     		N/A PC LOW INCOME ASSISTANCE PROGRAM 12,000
    AUGUSTA HEALTH FOUNDATION
    64 SORTS MEDICINE DRIVE
    FISHERSVILLE,VA22939     		N/A PC 1ST OF 3/BREAST ULTRASOUND 50,000
    BELLARMINE UNIVERSITY
    2001 NEWBURG ROAD
    LOUISVILLE,KY40205     		N/A PC 4TH OF 5/W. FIELDING RUBEL SCHOOL OF BUSINESS 30,000
    BENEDICTINE COLLEGE PREPARATORY
    12829 RIVER ROAD
    RICHMOND,VA23238     		N/A PC 4TH OF 6/SEAN R. REYNOLDS WALL OF HONOR 80,000
    B MORE CLUBHOUSE INC
    831 N CALVERT ST
    BALTIMORE,MD212023705     		N/A PC ADV BOARD NR: HORTICULTURE PROGRAM 3,500
    BOAZ AND RUTH INC
    3030 MEADOWBRIDGE RD
    RICHMOND,VA232223145     		N/A PC PRE-CONSTRUCTION SERVICES MANAGER 5,000
    BOYS HOME INC
    414 BOYS HOME ROAD
    COVINGTON,VA24426     		N/A PC EXPAND READING PROGRAM 10,000
    CAROL D ADAMS FOUNDATION
    PO BOX 24864
    RICHMOND,VA23224     		N/A PC ADV BOARD RR - SUMMER CAMP 3,500
    CHESAPEAKE BAY FOUNDATION
    1108 E MAIN STREET
    RICHMOND,VA23219     		N/A PC 2021-2022 EDUCATION PROGRAMS 10,000
    CHILDSAVERS OF RICHMOND
    200 N 22ND ST
    RICHMOND,VA23223     		N/A PC 2ND OF 4/CHILDSAVERS 100 CAMPAIGN 25,000
    COLONIAL WILLIAMSBURG FOUNDATION
    PO BOX 1776
    WILLIAMSBURG,VA23187     		N/A PC 2ND OF 4/FIRST BAPTIST CHURCH 25,000
    COMMONWEALTH CATHOLIC CHARITIES
    1601 ROLLING HILLS DRIVE
    RICHMOND,VA232295011     		N/A PC CARBRINI CHILDREN'S SHELTER EXPANSION 10,000
    DRIVE TO WORK
    1735 SUMMIT AVE
    RICHMOND,VA23230     		N/A PC ONLINE TRAINING AND SERVICES 20,000
    ELIJAH HOUSE ACADEMY
    6627-B JAHNKE RD
    RICHMOND,VA23225     		N/A PC 2021-2022 HALF SCHOLARSHIP 6,000
    ELIJAH HOUSE ACADEMY
    6627-B JAHNKE RD
    RICHMOND,VA23225     		N/A PC LOCKER ROOMS/MULTIPURPOSE CENTER 25,000
    ELK HILL
    PO BOX 99
    GOOCHLAND,VA23063     		N/A PC SPECIALIZED PROGRAMS 25,000
    GBMC FOUNDATION
    6701 N CHARLES ST
    BALTIMORE,MD21204     		N/A PC PROMISE PROJECT CAPITAL CAMPAIGN 50,000
    GLEN HIGHLAND FARM INC
    6699 FOX CENTRE PARKWAY SUITE 434
    GLOUCESTER,VA230616134     		N/A PC OFFSET VET COSTS/BORDER COLLIES 10,000
    GOOCHLAND EDUCATION FOUNDATION
    2938-I RIVER RD W
    GOOCHLAND,VA23063     		N/A PC OCULUS QUESTS 10,000
    GREATER RICHMOND FIT4KIDS INC
    2101 MARYWILL STREET
    RICHMOND,VA232300000     		N/A PC GAME ON GIRL PROGRAM 5,000
    HENRICO EDUCATION FOUNDATION
    PO BOX 31413
    HENRICO,VA23294     		N/A PC GRANTS TO ADDRESS ACHIEVEMENT GAPS 25,000
    HOUSING FAMILIES FIRST
    3900 NINE MILE RD
    RICHMOND,VA232234913     		N/A PC OPENING DOORS FOR FAMILIES CAMPAIGN 20,000
    J SARGEANT REYNOLDS COLLEGE FDN
    800 E LEIGH STREET
    RICHMOND,VA23219     		N/A PC 5TH OF 5/REYNOLDS HONORS PROGRAM 100,000
    J SARGEANT REYNOLDS COLLEGE FDN
    800 E LEIGH STREET
    RICHMOND,VA23219     		N/A PC NETWORK2WORK MODEL IMPLEMENTATION 50,000
    JAMES RIVER ASSOCIATION
    211 ROCKETTS WAY SUITE 200
    RICHMOND,VA23231     		N/A PC 1ST OF 5/RIVER CENTER DECK/JAMES RIVER CENTER 50,000
    JAMESTOWN YORKTOWN FOUNDATION
    PO BOX 3605
    WILLIAMSBURG,VA23187     		N/A PC 1ST OF 2/STUARTS, THE DYNASTY 50,000
    JSRCC EDUCATIONAL FOUNDATION
    PO BOX 85622
    RICHMOND,VA23285     		N/A PC ANDREW MCCUTCHEON SCHOLARSHIP FUND 5,000
    JUNIOR ACHIEVEMENT
    7217 WEST BROAD STREET
    RICHMOND,VA23294     		N/A PC LIFE SKILLS PROGRAMMING/GREATER RICHMOND 15,000
    KENTUCKY PUBLIC PROTECTION CABINET
    500 MERO STREET 218 NC
    FRANKFORT,KY40601     		N/A GOV TEAM WESTERN KENTUCKY TORNADO RELIEF FUND 50,000
    THE LIBRARY OF VIRGINIA FOUNDATION
    800 E BRAOD ST
    RICHMOND,VA232191905     		N/A PC 200TH ANNIVERSARY ACTIVITIES 25,000
    LIFT UP UKRAINE
    1445 RIVER ROAD WEST
    CROZIER,VA230392505     		N/A PC EMERGENCY SUPPLIES/EQUIPMENT TO THE UKRAINE 15,000
    LIFT UP UKRAINE
    1445 RIVER ROAD WEST
    CROZIER,VA230392505     		N/A PC ADV BOARD LB-EMERGENCY SUPPLIES/EQUIPMENT 3,500
    MAYMONT FOUNDATION
    1000 WESTOVER ROAD
    RICHMOND,VA23220     		N/A PC INTERPRETIVE SIGNAGE/DOOLEY CREEK ZONE 15,000
    MCV FOUNDATION
    1228 E BROAD ST
    RICHMOND,VA23298     		N/A PC 2ND OF 4/GUPTA-LEVY TRANSPLANT RESEARCH FUND 100,000
    MCV FOUNDATION
    1228 E BROAD ST
    RICHMOND,VA23298     		N/A PC 2ND OF 3. DR. HAROLD YOUNG CHAIR 100,000
    MCV FOUNDATION
    1228 E BROAD ST
    RICHMOND,VA23298     		N/A PC 1ST OF 2/LYME DISEASE RESEARCH/DR. MARCONI 50,000
    MCV FOUNDATION
    1228 E BROAD ST
    RICHMOND,VA23298     		N/A PC 1ST OF 5/PATIENT RESOURCE CENTER/MASSEY CANCER CENTER 50,000
    MOUNT VERNON LADIES ASSOCIATION
    3200 MOUNT VERNON MEMORIAL HIGHWAY
    MOUNT VERNON,VA22121     		N/A PC 2ND OF 3/PETER FAMILY COLLECTION 45,000
    MOUNT VERNON LADIES ASSOCIATION
    3200 MOUNT VERNON MEMORIAL HIGHWAY
    MOUNT VERNON,VA22121     		N/A PC 4TH OF 4/MARTHA WASHINGTON PAPERS PROJECT 25,000
    NORTHSTAR ACADEMY INC
    8055 SHRADER ROAD
    RICHMOND,VA23294     		N/A PC 1ST OF 4/SARAH REYNOLDS LEARNING LIBRARY 50,000
    OPERATION HEALING FORCES INC
    380 PARK PLACE BLVD SUITE 175
    CLEARWATER,FL33759     		N/A PC RETREAT EXPENSES 25,000
    PATIENT AIRLIFT SERVICES
    7110 REPUBLIC AIRPORT STE 202
    FARMINGDALE,NY117353954     		N/A PC FREE MEDICAL FLIGHTS RICHMOND VA PATIENTS 15,000
    PATRICK COUNTY EDUCATION FOUNDATION
    645 PATRIOT AVE
    MARTINSVILLE,VA24112     		N/A PC 3RD OF 4/GL BALILES/RS REYNOLDS SR. LEARNING CENTER 100,000
    PAUL'S PLACE
    1118 WARD STREET
    BALTIMORE,MD21230     		N/A PC ADV BOARD NR - CASE MANAGEMENT SERVICES 3,500
    POSITIVE VIBE FOUNDATION
    2825 HATHAWAY RD
    RICHMOND,VA232251725     		N/A PC JOB PLACEMENT BUREAU 5,000
    POTTER GRAY ELEMENTARY SCHOOL
    610 WAKEFIELD STREET
    BOWLING GREEN,KY42103     		N/A GOV DOCKING STATIONS/CHROMEBOOKS 31,000
    ASSOCIATION FOR THE PRESERVATION OF VA ANTIQUITIES
    204 W FRANKLIN STREET
    RICHMOND,VA23220     		N/A PC RAISE THE ROOF/SCOTCHTOWN 5,000
    PRINCETON UNIVERSITY
    PO BOX 430
    PRINCETON,NJ08544     		N/A PC ANNUAL FUND 2,000
    REYNOLDS HOMESTEAD
    463 HOMESTEAD LN
    CRITZ,VA24082     		N/A PC KITCHEN EXPANSION/COMMUNITY CENTER 80,000
    RICHMOND BALLET
    407 E CANAL STREET
    RICHMOND,VA23219     		N/A PC 2021 SEASON OF THE NUTCRAKER 50,000
    RICHMOND CHILDREN'S MUSEUM
    2626 W BROAD ST
    RICHMOND,VA23220     		N/A PC BILD IT EXHIBIT/COMMUNITY OUTREACH 10,000
    RICHMOND HILL
    2209 E GRACE ST
    RICHMOND,VA23223     		N/A PC 3RD OF 3/REFECTORY EXPANSION 25,000
    RICHMOND SYMPHONY
    612 E GRACE STREET
    RICHMOND,VA23220     		N/A PC 2022 OUTDOOR PERFORMANCES 20,000
    RIVERSIDE SCHOOL
    2110 MCRAE RD
    NORTH CHESTERFIELD,VA23235     		N/A PC 2ND OF 2/PROPERTY ACQUISITION 50,000
    ST LUKE'S EPISCOPAL CHURCH
    8009 FORD HUNT ROAD
    ALEXANDRIA,VA22308     		N/A PC ADV BOARD GB - SCHOOL MINISTRY 3,500
    SPECIAL OLYMPICS VIRGINIA INC
    3212 SKIPWITH ROAD SUITE 100
    RICHMOND,VA23294     		N/A PC 2022 USA GAMES ORLANDO 5,000
    ST ANDREW'S SCHOOL
    227 S CHERRY ST
    RICHMOND,VA23220     		N/A PC 2022/2023 SCHOLARSHIP PROGRAM 10,000
    ST CATHERINE'S SCHOOL
    6001 GROVE AVENUE
    RICHMOND,VA23226     		N/A PC 2ND OF 6/GREEN LEVEL LOBBY GALLERY/ARTS AND INNOVATION CTR 80,000
    ST JOSEPH'S VILLA
    8000 BROOK ROAD
    RICHMOND,VA23227     		N/A PC 4TH OF 5/RISE UP CAMPAIGN/AUTISM CENTER 50,000
    STRATFORD HALL
    483 GREAT HOUSE ROAD
    MONTROSS,VA22520     		N/A PC PRESERVATION OF THE EAST GARDEN 5,000
    THE TAUBMAN MUSEUM OF ART
    110 SALEM AVENUE SE
    ROANOKE,VA24011     		N/A PC FASHIONING THE FUTURE EXHIBIT 15,000
    THE DOORWAYS
    612 E MARSHALL ST
    RICHMOND,VA23219     		N/A PC PATIENT/FAMILY ACCESS PROGRAM 25,000
    JHW FOUNDATION INC
    1200 DOVER CREEK LN
    MANAKIN SABOT,VA231032531     		N/A PC RECOVERY HOUSING 10,000
    THE JOURNEY THROUGH HALLOWED GROUND
    PO BOX 77
    WATERFORD,VA20197     		N/A PC VIRTUAL HISTORY FIELD TRIPS 20,000
    MENOKIN FOUNDATION
    4037 MENOKIN RD
    WARSAW,VA225720000     		N/A PC PHASE III GLASS HOUSE PROJECT 20,000
    THE NEW COMMUNITY SCHOOL FOUNDATION
    4211 HERMITAGE RD
    RICHMOND,VA232273718     		N/A PC WELLNESS CENTER 10,000
    THE SORENSEN INSTITUTE
    PO BOX 400206
    CHARLETTESVILLE,VA22904     		N/A PC 2022 HIGH SCHOOL LEADERS PROGRAM 25,000
    THE UCLA FOUNDATION
    10889 WILSHIRE BLVD STE 1100
    LOS ANGELES,CA90024     		N/A PC 4TH OF 5/DONAL P DECKER MD ENDOWED CHAIR 50,000
    UGA FOUNDATION
    ONE PRESS PL STE 101
    ATHENS,GA30602     		N/A PC 3RD OF 4/RSR FDN SCHOLARSHIP FUND - REPLACES 6559 25,000
    UGA FOUNDATION
    ONE PRESS PL STE 101
    ATHENS,GA30602     		N/A PC 4/4 FINAL PMT/RSR FDN SCHOLARSHIP FUND 25,000
    UNION PRESBYTERIAN SEMINARY
    3401 BROOK RD
    RICHMOND,VA232274514     		N/A PC 1ST OF 4/CONFERENCE ROOM/WESTMINISTER HALL 30,000
    UNIVERSITY OF RICHMOND
    110 UR DRIVE SUITE 201
    RICHMOND,VA231730001     		N/A PC 1ST OF 5, RS REYNOLDS FAMILY SCHOLARSHIPS 100,000
    UNIVERSITY OF VIRGINIA
    186 LARKSPUR WAY
    CHARLOTTESVILLE,VA22902     		N/A PC 5TH OF 5/REYNOLDS FUND FOR RESEARCH/CARDIAC & VASCULAR SURGERY 100,000
    UP RVA
    4609 WYTHE AVE
    RICHMOND,VA232261208     		N/A PC TRANSPORTATION VAN REPLACEMENT 25,000
    UNITED SERVICE ORGANIZATION INC
    2111 WILSON BLVD SUITE 1200
    ARLINGTON,VA22201     		N/A PC TURKEYS FOR TROOPS 25,000
    VANDERBILT UNIVERSITY
    PMB 407727 2301 VANDERBILT PLACE
    NASHVILLE,TN37240     		N/A PC 3RD OF 5/RS REYNOLDS BREAST CANCER FUND 50,000
    VFCCE
    300 ARBORETUM PLACE SUITE 390
    RICHMOND,VA23236     		N/A PC 25 FAST FORWARD SCHOLARSHIPS 25,000
    VFCCE
    300 ARBORETUM PLACE SUITE 390
    RICHMOND,VA23236     		N/A PC SILVER SPONSORSHIP 25,000
    VIRGINIA CAPITOL FOUNDATION
    1001 E BROAD ST 115
    RICHMOND,VA23219     		N/A PC 2ND OF 2/EMANCIPATION MONUMENT 25,000
    VIRGINIA MUSEUM OF FINE ARTS FOUNDATION
    200 N ARTHUR ASHE BLVD
    RICHMOND,VA23220     		N/A PC WHISTLER TO CASSATT EXHIBIT 25,000
    VIRGINIA READY INITIATIVE
    107 S WEST ST 135
    ALEXANDRIA,VA22314     		N/A PC 2ND OF 2/VA READY PROGRAM 25,000
    VIRGINIA REPERTORY THEATRE
    114 W BROAD ST
    RICHMOND,VA23220     		N/A PC VAN RETROFITTING 5,000
    WASHINGTON AND LEE UNIVERSITY
    204 W WASHINGTON STREET
    LEXINGTON,VA24450     		N/A PC NEW HALL/WILLIAMS SCHOOL OF COMMERCE 25,000
    WOODBERRY FOREST SCHOOL
    898 WOODBERRY FOREST RD
    WOODBERRY FOREST,VA22989     		N/A PC JENNIFER HULSEY MEMORIAL SCHOLARSHIP FUND 50,000
    WOODBERRY FOREST SCHOOL
    898 WOODBERRY FOREST RD
    WOODBERRY FOREST,VA22989     		N/A PC 3RD OF 6/RICHARD S. REYNOLDS SCHOLARSHIP FUND 80,000
    WOODBERRY FOREST SCHOOL
    898 WOODBERRY FOREST RD
    WOODBERRY FOREST,VA22989     		N/A PC RSR SCHOLARSHIP FUND/ROBERT REYNOLDS 30,000
    WORLD PEDIATRIC PROJECT
    7201 GLEN FOREST DR STE 304
    RICHMOND,VA23226     		N/A PC LATIN AMERICA ORTHOPEDIC NETWORK 25,000
    YMCA
    2 W FRANKLIN ST
    RICHMOND,VA23220     		N/A PC OUT-OF-SCHOOL TIME/COMMUNITY HEALTH 25,000
    Total .................................bullet 3a 2,793,500
    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 44  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 144,978  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		901101 7,355 18 2,640,152  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aINCOME FROM PASSTHROUGH ENTITIES     		901101 1,048 14 11,319  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 8,403 3,433,822 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,442,225
    (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:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREPARATION 5,375 0   3,875

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    TY 2021 DepreciationSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    EQUIPMENT 2013-06-28 26,208 26,208 SL 5.000000000000 0 0    
    FURNITURE AND FIXTURES 2015-03-01 53,668 53,668 SL 5.000000000000 0 0    
    DELL OPTIPLEX 3020 COMPUTER 2015-03-01 1,177 952 SL 5.000000000000 0 0    
    DELL OPTIPLEX 3070 COMPUTER 2020-01-31 1,005 338 SL 5.000000000000 201 0    
    JULIA LOUISE REYNOLDS PORTRAIT 2015-08-17 474 474 SL 5.000000000000 0 0    
    SS LOUISE 2015-09-03 3,472 3,472 SL 5.000000000000 0 0    
    JOHN REYNOLDS PORTRAIT 2018-12-31 1,883 1,696 SL 5.000000000000 187 0    
    REYNOLDS ALUMINUM PIECE 2021-03-01 1,000 200 SL 5.000000000000 200 0    
    DELL LAPTOP 2021-11-30 1,701   SL 5.000000000000 170 0    

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    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PASSTHROUGH K-1 CAPITAL GAIN UBI   PURCHASED     7,355   COST 0 7,355  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE ISSUES 4,636,733 4,182,253
    FOREIGN ISSUES 137,186 126,655

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITY FUNDS 9,057,259 11,996,597
    FIXED INCOME FUNDS 2,159,224 2,064,980
    COMMON STOCKS 14,651,188 22,791,438
    FOREIGN STOCKS 1,551,811 2,207,087
    PREFERRED STOCKS 77,795 80,184

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    US Government Securities - End of Year Book Value:

    2,918,554
    US Government Securities - End of Year Fair Market Value:

    2,832,909
    State & Local Government Securities - End of Year Book Value:


    180,175
    State & Local Government Securities - End of Year Fair Market Value:


    177,533


    TY 2021 InvestmentsOtherSchedule2
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BROWN CRC IV AT COST 173,574 338,124
    BROWN PRIVATE EQUITY TEI AT COST 170,071 328,650
    BROWN PRIVATE EQUITY TEIII AT COST 186,505 312,864
    BROWN PRIVATE EQUITY PEP V AT COST 166,678 325,847
    BROWN REAL ESTATE I (QP) AT COST 171,539 200,911
    PARK STREET PRIVATE EQUITY AT COST 104,429 240,294
    RICRYN, LLC FMV 653,766 653,766
    SHEPHERD INVESTMENTS AT COST 635,807 0
    BROWN JMI X AT COST 131,902 171,227
    BROWN PRIVATE EQUITY 10 Q AT COST 12,500 12,500
    CERBERUS AT COST 0 4,728
    SHEPHERD SELECT AT COST 0 2,104

    TY 2021 LandEtcSchedule2
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    EQUIPMENT 29,890 27,893 1,997 1,997
    FURNITURE AND FIXTURES 52,902 52,902 0  
    ARTWORK 6,829 6,229 600 600


    TY 2021 LegalFeesSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL GOVERNANCE 4,011 0   4,011


    TY 2021 OtherAssetsSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    A.D. REYNOLDS COLLECTION 25,799 24,843 24,843
    REYNOLDS LITERATURE 96,092 95,048 95,048


    TY 2021 OtherExpensesSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 2,250 0   2,250
    OFFICE EXPENSE 8,324 0   8,324
    OTHER EXPENSES 2,427 0   2,427
    PAYROLL EXPENSES 4,053 0   4,053
    STORAGE 4,129 0   4,129
    K-1 EXPENSES 29,842 27,698   0
    RENTAL PROPERTY EXPENSES 140,619 140,619   0
    SOFTWARE 15,400 0   15,400


    TY 2021 OtherIncomeSchedule2
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME FROM PASSTHROUGH ENTITIES 12,367 11,319 12,367


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 188,777 188,777   0
    COMPUTER CONSULTING 329 0   329
    MAUSOLEUM MAINTENANCE 27,783 0   27,783
    ORAL HISTORY FEES 3,833 0   3,833
    OFFICE-RELATED SERVICES 2,096 0   2,096


    TY 2021 TaxesSchedule
    Name:
    RICHARD S REYNOLDS FOUNDATION
    EIN:
    54-6037003
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BUSINESS PROPERTY TAXES 377 0   377
    FOREIGN TAXES 6,762 6,762   0
    EXCISE TAX 105,081 0   0