Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
Danville Regional Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)512 Bridge Street 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Danville, VA24541
A Employer identification number

20-3319727
B Telephone number (see instructions)

(434) 799-2176
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$247,460,504J 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) 13,061,797
2 Check right arrow.............
3 Interest on savings and temporary cash investments 163,275 163,275  
4 Dividends and interest from securities... 4,036,788 4,036,788  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,497,418
b Gross sales price for all assets on line 6a 110,510,679
7 Capital gain net income (from Part IV, line 2)... 21,559,215
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
List of Attached Documents:
// Content
339,899 216,505  
12 Total. Add lines 1 through 11........ 26,099,177 25,975,783  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 574,243 64,039   507,892
14 Other employee salaries and wages...... 619,270 7,505   629,584
15 Pension plans, employee benefits....... 160,711 3,030   157,681
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,925 1,300   1,625
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,500 0   47,050
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,978,071 1,513,498   519,896
17 Interest............... 45,737 24,309   21,428
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
484,277 43,468   55,225
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
66,389 0  
20 Occupancy.............. 107,793 66,817   18,247
21 Travel, conferences, and meetings....... 58,917 0   58,917
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
261,836 377,450   446,298
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,410,669 2,101,416   2,463,843
25 Contributions, gifts, grants paid....... 10,341,929 16,169,235
26 Total expenses and disbursements. Add lines 24 and 25 14,752,598 2,101,416   18,633,078
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 11,346,579
b Net investment income (if negative, enter -0-) 23,874,367
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 116,062 812,018 812,018
2 Savings and temporary cash investments......... 14,502,568 12,924,553 12,924,553
3 Accounts receivable right arrow17,907
Less: allowance for doubtful accounts right arrow   14,642 17,907 17,907
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 95,454 272,468 272,468
10a Investments—U.S. and state government obligations (attach schedule) 12,683,935 Click to see attachment
List of Attached Documents:
// Content
9,678,579 		9,678,579
b Investments—corporate stock (attach schedule)....... 69,280,040 Click to see attachment
List of Attached Documents:
// Content
50,642,814 		50,642,814
c Investments—corporate bonds (attach schedule)....... 32,045,987 Click to see attachment
List of Attached Documents:
// Content
22,411,883 		22,411,883
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 150,870,485 Click to see attachment
List of Attached Documents:
// Content
149,860,424 		149,860,424
14 Land, buildings, and equipment: basis right arrow1,285,109
Less: accumulated depreciation (attach schedule) right arrow808,998 542,500 Click to see attachment
List of Attached Documents:
// Content
476,111 		476,111
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
328,258 		Click to see attachment
List of Attached Documents:
// Content
363,747 		Click to see attachment
List of Attached Documents:
// Content
363,747
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 280,479,931 247,460,504 247,460,504
Liabilities 17 Accounts payable and accrued expenses.......... 475,522 1,044,888
18 Grants payable................. 23,733,146 17,911,179
19 Deferred revenue................. 134,987 129,222
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 1,078,695 Click to see attachment
List of Attached Documents:
// Content
984,113
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,061,163 		Click to see attachment
List of Attached Documents:
// Content
438,702
23 Total liabilities (add lines 17 through 22)......... 26,483,513 20,508,104
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 253,996,418 226,952,400
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 253,996,418 226,952,400
30 Total liabilities and net assets/fund balances (see instructions). 280,479,931 247,460,504
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
253,996,418
2
Enter amount from Part I, line 27a .....................
2
11,346,579
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
265,342,997
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
38,390,597
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
226,952,400
Form 990-PF (2022)
Form 990-PF (2022)
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 Return of capital - alt. invest. funds P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 110,510,679   89,103,524 21,407,155
b       152,060
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       21,407,155
b       152,060
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 21,559,215
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 331,854
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........................... 3 331,854
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- ..... 5 331,854
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 110,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 240,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 350,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 11,456
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 6,690
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow6,690 Refundedright arrow 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowVA
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 2022 or the taxable year beginning in 2022? 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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
Form 990-PF (2022)
Form 990-PF (2022)
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 addressright arrowwww.drfonline.org
14
The books are in care ofright arrowJon C Sells CFO & Treas Telephone no.right arrow (434) 799-2176

Located atright arrow512 Bridge Street Suite 100DanvilleVA ZIP+4right arrow24541
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2022 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 2022.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
Clark Casteel President & CEO
40.00 		260,000 49,681 14,885
512 Bridge St 100
Danville,VA24541
Jon C Sells Treasurer & CFO
40.00 		131,016 19,604 0
512 Bridge St 100
Danville,VA24541
Greg Hairston Chair
1.00 		0 0 0
512 Bridge St 100
Danville,VA24541
Alexis I Ehrhardt Vice Chair
1.00 		0 0 0
512 Bridge St 100
Danville,VA24541
Shirley Jo Hite Secretary
35.00 		66,446 30,299 0
512 Bridge St 100
Danville,VA24541
Carolyn Evans Director
1.00 		0 0 0
512 Bridge St 100
Danville,VA24541
Charles Majors Director
1.00 		0 0 0
512 Bridge St 100
Danville,VA24541
Martha A Walker Director
1.00 		0 0 0
512 Bridge St 100
Danville,VA24541
Tammy Wright-Warren Director
1.00 		0 0 0
512 Bridge St 100
Danville,VA24541
Jim Bebeau Director
1.00 		0 0 0
512 Bridge St 100
Danville,VA24541
Paul Erwin Director
1.00 		0 0 0
512 Bridge St 100
Danville,VA24541
Maggy Gregory Director
1.00 		0 0 0
512 Bridge St 100
Danville,VA24541
Chris R Eastwood Director
1.00 		0 0 0
512 Bridge St 100
Danville,VA24541
Maurice Ferrell Director
1.00 		0 0 0
512 Bridge St 100
Danville,VA24541
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
Annie Martinie Sr. Prog. Officer
40.00 		102,874 23,121 0
512 Bridge St 100
Danville,VA24541
Lori Merrick Dir.-Marketing & Com
40.00 		103,327 17,059 0
512 Bridge St 100
Danville,VA24541
Stephanie Blevins Accountant
40.00 		75,053 30,510 0
512 Bridge St 100
Danville,VA24541
Susanne Bell Sr. Prog. Officer
40.00 		85,459 14,959 0
512 Bridge St 100
Danville,VA24541
Willie Jones Sr. Prog. Officer
40.00 		82,951 9,171 0
512 Bridge St 100
Danville,VA24541
Total number of other employees paid over $50,000...................right arrow 6
Form 990-PF (2022)
Form 990-PF (2022)
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
Downtown Danville Development LLC Invest. & property mgm't 288,617
PO Box 650
Durham,NC27702
Wedge Capital Management Investment management 149,194
301 College St
Charlotte,NC28202
Advisory Research Inc Investment management 146,082
1659 Payshpere Circle
Chicago,IL60674
Richmond Capital Investment management 98,047
10800 Midlothian Turnpike Suite 217
Richmond,VA23235
TSNE Mission Works Program consulting 88,880
89 South St Suite 700
Boston,MA02111
Total number of others receiving over $50,000 for professional services.............right arrow8
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 N/A 0
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.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
176,449,546
b
Average of monthly cash balances.......................
1b
14,254,639
c
Fair market value of all other assets (see instructions)................
1c
60,252,330
d
Total (add lines 1a, b, and c).........................
1d
250,956,515
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
511,584
3
Subtract line 2 from line 1d.........................
3
250,444,931
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,756,674
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
246,688,257
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
12,334,413
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
12,334,413
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
331,854
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
1,920
c
Add lines 2a and 2b............................
2c
333,774
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
12,000,639
4
Recoveries of amounts treated as qualifying distributions................
4
5,339
5
Add lines 3 and 4............................
5
12,005,978
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
12,005,978
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
18,633,078
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
18,633,078
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 12,005,978
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 1,308,155
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 18,633,078
a Applied to 2021, but not more than line 2a 1,308,155
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 2022 distributable amount..... 12,005,978
e Remaining amount distributed out of corpus 5,318,945
5 Excess distributions carryover applied to 2022. 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 5,318,945
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		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 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		5,318,945
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022.... 5,318,945
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Mr Clark Casteel Pres CEO
512 Bridge St 100
Danville,VA24541
(434) 799-2176
bThe form in which applications should be submitted and information and materials they should include:
Refer to the Foundation's grant proposal guidelines on its website for full details and information.
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
The Foundation supports programs operating or benefiting those who live in Danville and Pittsylvania County in VA and Caswell County in NC. Refer to the Foundation's grant proposal guidelines on its website for full details and information.
Form 990-PF (2022)
Form 990-PF (2022)
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

Averett University

420 West Main Street
Danville,VA24541 		None PC AU Online 1,872,500

Averett University

420 West Main Street
Danville,VA24541 		None PC CCEC 392,856

Beulah Missionary Baptist Church

918 Monumnet Street
Danville,VA24541 		None PC Make More Happen 25,000

Big Brothers Big Sisters

308 Craghead Street Suite 104
Danville,VA24541 		None PC Capacity Grant 25,000

Blue Ridge Mountains Boy Scouts

PO Box 7606
Roanoke,VA24019 		None PC Capacity Grant 25,000

Bookends

PO Box 11405
Danville,VA24543 		None PC Capacity Grant 25,000

Cardinal News

PO Box 4455
Roanoke,VA24015 		None PC New Reporter 100,000

Caswell Council for the Arts

PO Box 689
Yanceyville,NC27379 		None PC Make More Happen 2,750

Caswell County Chamber of Commerce

PO Box 29
Yanceyville,NC27379 		None PC Capacity Grant 25,000

Caswell County Parrish

1038 Main Street
Danville,VA27379 		None PC Ashby Award 50,000

Caswell Recreation Development

PO Box 114
Yanceyville,NC27379 		None GOV Make More Happen 17,975

Changing Lives Outreach Center

609 Keen St Suite A
Danville,VA24540 		None PC Capacity Grant 17,338

Chatham First

PO Box 426
Chatham,VA24531 		None PC Capacity Grant 25,000

City of Danville Parks and Recreation

PO Box 3300
Danville,VA24543 		None GOV Westmoreland Park 76,716

City of Danville VA

PO Box 3300
Danville,VA24543 		None GOV Executive Training 16,900

City of Danville VA

PO Box 3300
Danville,VA24543 		None GOV Historic Preservation Study 25,000

City of Danville VA

PO Box 3300
Danville,VA24543 		None GOV Whitewater Course Design & Development 979,690

Community Foundation of the Dan River Region

541 Loyal Street
Danville,VA24541 		None PC Re-granting '20-'22 & Professional Development 15,899

Dan River Business Development Center

300 Ringgold Industrial Parkway
Danville,VA24540 		None PC KDM Incentive 68,600

Dan River Nonprofit Network

126 Sutherlin Avenue
Danville,VA24541 		None PC Capacity Grant 25,000

Danville Literacy Council

450 W Main Street
Danville,VA24541 		None PC Make More Happen 5,380

Danville Neighborhood Development

PO Box 3549
Danville,VA24540 		None PC New ED Search 25,000

Danville Pittsylvania County Cancer Association

233 Riverview Dr
Danville,VA24541 		None PC Capacity Grant 22,000

Danville Pittsylvania County Chamber of Commerce

150 Slayton Avenue
Danville,VA24540 		None PC Leadership Southside 6,000

Danville Pittsylvania County Chamber of Commerce

150 Slayton Avenue
Danville,VA24540 		None PC Strategic Plan and CEO Search 6,654

Danville Police Department

427 Patton Street
Danville,VA24541 		None PC Make More Happen 25,000

Friends of the Danville Public Library

PO Box 11405
Danville,VA24543 		None PC Make More Happen 25,000

House of Hope

206 South Ridge St
Danville,VA24541 		None PC Capacity Grant 25,000

Industrial Development Authority

PO Box 3300
Danville,VA24543 		None GOV Housing Study 25,000

Institute for Advanced Learning and Research

150 Slayton Avenue
Danville,VA24540 		None GOV Industry 4.0 Integration Initiative 1,748,992

Institute for Advanced Learning and Research

150 Slayton Avenue
Danville,VA24540 		None GOV Intern Program 74,600

Institute for Advanced Learning and Research

150 Slayton Avenue
Danville,VA24540 		None GOV CMA Facility 4,078,474

Institute for Advanced Learning and Research

150 Slayton Avenue
Danville,VA24540 		None GOV New President Search 25,000

Institute for Advanced Learning and Research

150 Slayton Avenue
Danville,VA24540 		None GOV REACH Partnership 1,613,215

Men for Change

550 County Dr
Ringgold,VA24586 		None PC Make More Happen 15,370

My Brothers Keeper

3221 Virginia Ln
Danville,VA24540 		None PC Capacity Grant 25,000

Olde Dominion Agricultural Foundation

19783 US Hwy 29 Suite G
Chatham,VA24531 		None PC Hotel Study 13,900

Olde Dominion Agricultural Foundation

19783 US Hwy 29 Suite G
Chatham,VA24531 		None PC Facility Expansion 758,212

PATHS

705 Main Street
Danville,VA24541 		None PC Make More Happen 22,115

Pittsylvania County Schools

PO Box 232
Chatham,VA24531 		None GOV Next Step Comprehensive Plan 25,000

PPL Foundation

PO Box 814
Chatham,VA24531 		None PC Gretna Library Expansion 207,692

PPL Foundation

PO Box 814
Chatham,VA24531 		None PC Gretna Library Expansion 150,000

Right Touch Christian Church

513 Worsham Street
Danville,VA24540 		None PC Make More Happen 2,500

River District Association

208 N Union St
Danville,VA24541 		None PC Consultant for Black Business Collaborative 24,100

River District Association

208 N Union St
Danville,VA24541 		None PC River District Revitalization Expansion 250,000

Smart Beginnings

104 Trade St
Danville,VA24541 		None PC School Readiness Initiative III 914,920

Southside Business Technology Center (SBTC)

527 Bridge St 200
Danville,VA24541 		None PC The Launch Place Phase 2 1,631,596

The Launch Place

527 Bridge St 200
Danville,VA24541 		None PC Entrepreneurial Ecosystem 140,000

The Literacy Lab

450 W Main Street
Danville,VA24541 		None PC Literacy Lab Tutor Program 250,000

United Way of Danville-Pittsylvania County

308 Craghead Street Suite 104
Danville,VA24541 		None PC DRNN Implementation Grant 160,841

Veterans of Foreign War

PO Box 185
Yanceyville,NC27379 		None PC Make More Happen 3,950

Virginia Health Care Foundation

707 East Main Street Suite 1350
Richmond,VA23219 		None PC Project Connect Outreach Worker 32,500

West Piedmont Planning District

1100 Madison St
Danville,VA24541 		None PC West Piedmont Planning District Commission 25,000
Total .................................right arrow 3a 16,169,235
bApproved for future payment

Averett University
420 West Main Street
Danville,VA24541 		None PC CCEC 331,454

Averett University
420 West Main Street
Danville,VA24541 		None PC AU Online 685,000

Averett University
420 West Main Street
Danville,VA24541 		None PC TED Talk 12,500

Cardinal News
PO Box 4455
Roanoke,VA24015 		None PC New Reporter 200,000

Caswell County NC
PO Box 98 144 Court Square
Yanceyville,NC27379 		None GOV Caswell Enterprise Center - On the Square 254,000

City of Danville VA
PO Box 3300
Danville,VA24543 		None GOV Riverfront Park 2,000,000

Institute for Advanced Learning and Research
150 Slayton Avenue
Danville,VA24540 		None GOV CMA Facility 1,881,277

Institute for Advanced Learning and Research
150 Slayton Avenue
Danville,VA24540 		None GOV Dan River Region Collaborative 297,965

Institute for Advanced Learning and Research
150 Slayton Avenue
Danville,VA24540 		None GOV REACH Partnership 4,137,405

Institute for Advanced Learning and Research
150 Slayton Avenue
Danville,VA24540 		None GOV AmericCorps 2022-2025 462,230

Piedmont Community College
PO Box 1150
Yanceyville,NC27379 		None PC Center for Educational & Agricultural Development (CEAD) 2,509,650

Pittsylvania County
PO Box 426
Chatham,VA24531 		None GOV County Admin. Search 25,000

PPL Foundation
PO Box 814
Chatham,VA24531 		None PC Gretna Library Expansion 38,392

River District Association
208 N Union St
Danville,VA24541 		None PC River District Revitalization Expansion 1,000,000

Smart Beginnings
104 Trade St
Danville,VA24541 		None PC School Readiness Initiative III 2,685,195

Southside Business Technology Center (SBTC)
527 Bridge St 200
Danville,VA24541 		None PC The Launch Place Phase 2 623,900

The Launch Place
527 Bridge St 200
Danville,VA24541 		None PC Entrepreneurial Ecosystem 252,211

The Literacy Lab
450 W Main Street
Danville,VA24541 		None PC Literacy Lab Tutor Program 500,000

West Piedmont Planning District
1100 Madison St
Danville,VA24541 		None PC West Piedmont Planning District Commission 15,000
Total ................................. right arrow 3b 17,911,179
Form 990-PF (2022)
Form 990-PF (2022)
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 ........... 		    14 163,275  
4 Dividends and interest from securities ....     14 4,036,788  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 531120 123,394 14 216,505  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 8,497,418  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 123,394 12,913,986 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
13,037,380
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
Danville Regional Foundation
 
Employer identification number

20-3319727
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
Danville Regional Foundation
  		Employer identification number
20-3319727
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
MacKenzie Scott
1201 Third Avenue Suite 4900
 
Seattle, WA98101

$ 13,061,797


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
Danville Regional Foundation
  		Employer identification number

20-3319727
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 Marketable Securities - Amazon stock (AMZN) $ 13,061,797 2022-11-08
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
Danville Regional Foundation
  		Employer identification number

20-3319727
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
Danville Regional Foundation
EIN:
20-3319727
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Audit & accounting fees 50,500 0   47,050

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

TY 2022 DepreciationSchedule
Name:
Danville Regional Foundation
EIN:
20-3319727
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
Software 2007-01-10 22,565 22,565 SL 3.000000000000 0 0    
Additional software licenses 2007-07-24 2,414 2,414 SL 2.500000000000 0 0    
Server and computer equipment 2007-12-12 5,014 5,014 SL 3.000000000000 0 0    
Computers 2008-02-28 2,658 2,658 SL 3.000000000000 0 0    
Computers 2008-03-10 1,712 1,712 SL 3.000000000000 0 0    
Phone system 2008-04-30 6,641 6,641 SL 5.000000000000 0 0    
Computers 2008-04-01 1,504 1,504 SL 3.000000000000 0 0    
Phones/security 2011-09-01 38,250 38,250 SL 5.000000000000 0 0    
Furniture 2011-10-06 72,746 72,746 SL 8.000000000000 0 0    
Board table and chairs 2011-12-02 16,196 16,196 SL 8.000000000000 0 0    
Alarm system 2011-12-02 4,428 4,428 SL 5.000000000000 0 0    
Building (finance lease right of use asset) 2011-12-01 891,000 449,213 SL 20.000000000000 44,550 0    
Server 2012-10-30 7,996 7,996 SL 5.000000000000 0 0    
Office Furniture 2013-12-31 7,469 7,469 SL 5.000000000000 0 0    
Computer equipment 2014-06-01 3,041 3,041 SL 3.000000000000 0 0    
Leasehold improvements 2014-04-01 2,597 1,166 SL 17.000000000000 154 0    
Notebook computers 2014-06-18 6,664 6,664 SL 3.000000000000 0 0    
Leasehold improvements 2014-08-01 13,708 6,039 SL 17.000000000000 814 0    
Leasehold improvements 2014-12-01 56,167 23,271 SL 17.000000000000 3,320 0    
Website upgrades 2015-11-13 34,370 34,370 SL 3.000000000000 0 0    
Carpet 2019-05-02 7,506 4,003 SL 5.000000000000 1,501 0    
Automobile 2019-08-12 44,983 21,743 SL 5.000000000000 8,997 0    
Carrier Indoor/Outdoor Unit 2002-07-13 35,480 3,506 SL 5.000000000000 7,053 0    

TY 2022 InvestmentsCorpBondsSchedule
Name:
Danville Regional Foundation
EIN:
20-3319727
Name of Bond End of Year Book Value End of Year Fair Market Value
Amazon.com Inc. 140,951 140,951
American Express Co. 207,909 207,909
Amgen Inc 158,824 158,824
AT&T Inc. 194,606 194,606
Avalonbay Communities 543,957 543,957
Bank New York Mellon Corp 444,641 444,641
Bank of America Corp. 531,308 531,308
Broadcom Inc. 244,980 244,980
Burlington North Santa Fe 292,650 292,650
Camden Property Trust 224,483 224,483
Capital One Financial Co. 490,256 490,256
Charles Schwab Corp 239,201 239,201
Chubb INA Holdings Inc. 193,120 193,120
Cintas Corporation 457,886 457,886
Citigroup Inc 2,741,174 2,741,174
Comcast Corp 235,587 235,587
CVS Health Corp 314,353 314,353
Dupont De Nemours Inc. 186,836 186,836
Enterprise Products 243,075 243,075
EOG Resources Inc. 249,018 249,018
Fifth Third BankCorp 331,268 331,268
Fiserv Inc. 227,028 227,028
Florida Power & Light 178,378 178,378
Franklin Resources Inc 176,196 176,196
Geico Corp 258,537 258,537
General Mills Inc. 292,983 292,983
Genuine Part Co. 160,526 160,526
Georgia Power Company 250,803 250,803
Goldman Sachs Group Inc 688,546 688,546
Halliburton Co 150,762 150,762
John Deere Capital Corp 349,954 349,954
JP Morgan Chase & Co 403,561 403,561
JP Morgan Chase Mbs Serv. 476,426 476,426
Keycorp 177,030 177,030
Kroger Co 236,200 236,200
Lincoln National Corp 262,284 262,284
Magellan Midstream Partners 297,999 297,999
McDonalds Corp 229,248 229,248
Metlife Inc 624,098 624,098
Mondelez International 277,611 277,611
Morgan Stan Cap/Ser 271,402 271,402
Morgan Stanley 64,102 64,102
Morgan Stanley Fr 172,859 172,859
Morgan Stanley Sr 418,400 418,400
MS Bofa MI Trust Serv. 151,453 151,453
Norfolk Southern Corp 395,976 395,976
Oracle Corp 393,440 393,440
PNC Financial Services 289,469 289,469
Progressive Corp. 308,408 308,408
Qualcomm Inc. 247,247 247,247
Shell International Fin 610,457 610,457
Spectra Energy Partners 209,367 209,367
Stryker Corp 244,746 244,746
SunTrust Bank 299,568 299,568
Sysco Corp 222,516 222,516
Toronto Dominion Bank 258,291 258,291
Travelers Ppty 543,750 543,750
Union Pacific Corp 496,385 496,385
US Bancopr 390,644 390,644
Verizon Communications 352,281 352,281
Virginia Elec & Power Co 277,225 277,225
Walt Disney Company 349,131 349,131
Wells Fargo & Co 510,680 510,680
Westlake Chem Corp 375,844 375,844
Williams Cos Inc. 173,989 173,989

TY 2022 InvestmentsCorpStockSchedule
Name:
Danville Regional Foundation
EIN:
20-3319727
Name of Stock End of Year Book Value End of Year Fair Market Value
3M Co Com 125,916 125,916
Abbvie Inc. 331,462 331,462
Acuity Brands Inc 116,589 116,589
Addus Homecare Corp 371,098 371,098
Agco Corp Com 133,004 133,004
Alkami Technology Inc. 614,969 614,969
Allison Transmission Holdings 119,725 119,725
Ally Financial Inc 272,520 272,520
Amcor PLC 57,585 57,585
Amdocs LTD Com 570,307 570,307
Ameriprise Finl Inc 261,862 261,862
Amerisourcebergen Corp 324,957 324,957
Amgen Inc 328,563 328,563
AMN Healthcare Services Inc. 285,531 285,531
Amphenol Corp CL A 524,224 524,224
Apple Inc 523,488 523,488
Archer Daniels Midland Co 59,053 59,053
Arista Networks Inc 515,616 515,616
Armstrong World Inds 287,049 287,049
Asbury Automotive Group Inc. 605,865 605,865
Atkore Inc. 117,843 117,843
Autoliv Inc Com 118,163 118,163
Autozone Inc 308,272 308,272
Avis Budget Group 233,436 233,436
Baker Hughes Co. 250,798 250,798
Bank Ozk Com 263,154 263,154
BankUnited Inc 275,021 275,021
Berry Global Group Inc. 57,288 57,288
Biogen Inc. 318,735 318,735
BJS Whsl Club Hldgs 285,083 285,083
Booz Allen Hamilton Hldg 569,948 569,948
Borgwarner Inc. Com 121,515 121,515
Boyd Gaming Corp 293,044 293,044
BP PLC - ADR 243,427 243,427
Bristol Myers Squibb Co 298,377 298,377
Brunswick Corp 315,350 315,350
Cadence Design Systems Inc 544,730 544,730
Cannae Holdings Inc. 337,628 337,628
Capital One Financial Corp 273,674 273,674
Cardinal Health Inc. 318,165 318,165
Carlisle Cos Inc 116,647 116,647
Caseys Gen Stores Inc. 296,142 296,142
Cass Information Sys. 158,308 158,308
CDW Corp 520,561 520,561
Celanese Corp 54,392 54,392
Centene Corp 317,461 317,461
Championx Corp 617,922 617,922
Chemours Co Com 56,218 56,218
Cigna Corp 335,316 335,316
Citigroup Inc 277,260 277,260
Citizens Financial Group Inc 278,976 278,976
Cognizant Tech Solutions 566,638 566,638
Comerica Inc. 281,171 281,171
Commercial Metals Co 58,974 58,974
ConocoPhillips 241,074 241,074
Crane Co 126,366 126,366
Cummins Inc. 125,022 125,022
CVS Health Corp 301,470 301,470
Denbury Inc. 522,990 522,990
Dicks Sporting Goods Inc 315,521 315,521
Dillards Inc 313,181 313,181
Discover Financial Services 252,793 252,793
Dover Corp Com 121,463 121,463
Dow Inc 57,445 57,445
Dun & Bradstreet Holdings Inc. 245,690 245,690
Eastman Chem Co Com 55,135 55,135
Edison Intl Com 169,038 169,038
Element Solutions Inc. 597,087 597,087
Elevance Health Inc. 327,788 327,788
Emcor Group Inc Com 128,263 128,263
Emerson Electric Co 127,760 127,760
Enstar Group Limited 593,773 593,773
Equitable Hldgs Inc 256,951 256,951
Evergy Inc 169,533 169,533
F&g Annuities & Life Inc. 9,487 9,487
Fidelity National Financial 262,287 262,287
First Advantage Corp 375,050 375,050
First Interstate BancSystem Inc 386,500 386,500
First Merchants Corp Com 428,777 428,777
Fleetcor Technologies Inc. 530,100 530,100
Floor & Decor 277,684 277,684
Fortinet Inc. Com 534,025 534,025
Fortune Brands Innovations Inc. 214,162 214,162
Franklin Resources Inc 277,623 277,623
Gartner Inc. Com 536,479 536,479
Gates Industrial Corp 370,528 370,528
General Mills Inc. 331,207 331,207
Gentex Corp 128,551 128,551
Genuine Part Co. 118,681 118,681
Goldman Sachs Group Inc 267,150 267,150
H&R Block Inc. 272,401 272,401
Harley Davidson Inc. 282,714 282,714
Hartford Finl Svcs Group Inc 278,903 278,903
HCA Healthcare, Inc. 333,544 333,544
Healthequity Inc. 288,475 288,475
Hologic Inc. Com 329,239 329,239
Humana Inc 311,924 311,924
Huntsman Corp 56,939 56,939
Ingredion Inc 57,681 57,681
International Paper Co 55,269 55,269
Intuit Com 534,788 534,788
J.M. Smucker Co. 344,650 344,650
Jacobs Solutions Inc. 124,633 124,633
Jazz Pharmaceuticals PLC 343,950 343,950
Jefferies Finl Group Inc. 265,739 265,739
KeyCorp New 279,277 279,277
Keysight Technologies Inc 531,514 531,514
Kraft Heinz Co 342,330 342,330
Kroger Co 326,192 326,192
Laboratory Corp Amer Hldgs 346,391 346,391
Lear Corp 117,075 117,075
Leslies Inc. 194,530 194,530
Lincoln National Corp Ind 265,851 265,851
Louisiana Pac Corp Com 55,470 55,470
Lowes Cos Inc. 302,048 302,048
Lyondellbasell Industries 56,875 56,875
M D C Hldgs Inc. 341,438 341,438
Marathon Oil Corp 236,267 236,267
Marriott Internat'l 295,398 295,398
Masco Corp 124,049 124,049
Masterbrand Inc. 28,313 28,313
McKesson Corp 320,728 320,728
Miller Inds Inc. Tenn 498,062 498,062
Molina Healthcare Inc. 332,531 332,531
Monarch Casino & Resort Inc. 640,109 640,109
Murphy USA Inc. 304,419 304,419
Nextstar Media Group, Inc. 301,052 301,052
Nicolet Bankshares Inc. 475,947 475,947
Nucor Corp 51,933 51,933
O Reilly Automotive Inc. 315,667 315,667
Oshkosh Truck Corp 128,405 128,405
Ovintiv Inc. 235,447 235,447
Owens Corning Inc 54,933 54,933
Packaging Corp of America 56,280 56,280
Papa Johns 553,535 553,535
Parker Hannifin Corp 128,913 128,913
Paychex Inc. 517,478 517,478
PDC Entergy Inc. 229,353 229,353
Performance Food Group Co. 922,679 922,679
Pinnacle West Cap Corp 168,581 168,581
Portland Gen Elec Co 171,451 171,451
PPL Corp Com 170,119 170,119
Public Svc Enterprise Group Inc 176,703 176,703
Quest Diagnostics Inc. 346,671 346,671
Reliance STL & Alum Co Com 55,671 55,671
Ross Stores Inc. 308,630 308,630
Ruth's Hospitality Group 192,494 192,494
Ryder Sys Inc. 116,998 116,998
Schein Henry Inc 323,793 323,793
Seaworld Entmt Inc. 300,619 300,619
Sempra Energy Com 160,722 160,722
Shell PLC Spon 241,981 241,981
Skyline Champion Corp 295,204 295,204
Slm Corp 273,568 273,568
Sm Energy Co 231,515 231,515
Snap-On Inc. 120,643 120,643
Sonoco Prods Co 57,978 57,978
Southstate Corp 427,387 427,387
Spirit Aerosystems Hldgs 318,940 318,940
Steel Dynamics Inc Com 54,810 54,810
Synchrony Financial 267,316 267,316
TE Connectivity Ltd 522,684 522,684
Techtarget Inc 180,646 180,646
Texas Instruments Inc 514,991 514,991
Timken Co Com 127,842 127,842
T-Mobile US Inc 167,020 167,020
Totalenergies SE 253,348 253,348
Tractor Supply Co Com 322,607 322,607
Trinity Inds Inc 340,499 340,499
Ufp Industries Inc. 56,822 56,822
Ulta Beauty, Inc. 309,586 309,586
United Rentals Inc Com 122,264 122,264
United Sts Stl Corp 56,613 56,613
United Therapeutics Corp Del 337,879 337,879
Univar Solutions Inc. 119,441 119,441
Unumprovident Corp 276,132 276,132
Valvoline Inc 813,115 813,115
Verizon Communications 171,035 171,035
Vistra Corp 164,117 164,117
Webster Finl Corp 523,012 523,012
Westlake Corp 53,423 53,423
Wyndham Hotels & Resorts 313,194 313,194
Zurn Water Solutions Corp Com 317,758 317,758

TY 2022 InvestmentsGovtObligationsSch
Name:
Danville Regional Foundation
EIN:
20-3319727
US Government Securities - End of Year Book Value:

9,678,579
US Government Securities - End of Year Fair Market Value:

9,678,579
State & Local Government Securities - End of Year Book Value:


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


0


TY 2022 InvestmentsOtherSchedule2
Name:
Danville Regional Foundation
EIN:
20-3319727
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Commingled real estate investment fund - alternative investment FMV 13,973,062 13,973,062
Fidelity Mid Cap Index Fund FMV 10,962,766 10,962,766
Lazard Emerging Markets Equity FMV 12,973,259 12,973,259
LLC fund FMV 22,900,000 22,900,000
Offshore feeder funds - alternative investments FMV 10,132,468 10,132,468
Real estate investment properties FMV 13,707,117 13,707,117
Vanguard Developed Markets Index Fund FMV 23,351,597 23,351,597
Vanguard Growth Index Fund FMV 28,282,003 28,282,003
Vanguard Russell 2000 Growth Index Fund FMV 13,578,152 13,578,152

TY 2022 LandEtcSchedule2
Name:
Danville Regional Foundation
EIN:
20-3319727
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Software 22,565 22,565 0  
Additional software licenses 2,414 2,414 0  
Server and computer equipment 5,014 5,014 0  
Computers 2,658 2,658 0  
Computers 1,712 1,712 0  
Phone system 6,641 6,641 0  
Computers 1,504 1,504 0  
Phones/security 38,250 38,250 0  
Furniture 72,746 72,746 0  
Board table and chairs 16,196 16,196 0  
Alarm system 4,428 4,428 0  
Building (finance lease right of use asset) 891,000 493,763 397,237  
Server 7,996 7,996 0  
Office Furniture 7,469 7,469 0  
Computer equipment 3,041 3,041 0  
Leasehold improvements 2,597 1,320 1,277  
Notebook computers 6,664 6,664 0  
Leasehold improvements 13,708 6,853 6,855  
Leasehold improvements 56,167 26,591 29,576  
Website upgrades 34,370 34,370 0  
Carpet 7,506 5,504 2,002  
Automobile 44,983 30,740 14,243  
Carrier Indoor/Outdoor Unit 35,480 10,559 24,921  


TY 2022 LegalFeesSchedule
Name:
Danville Regional Foundation
EIN:
20-3319727
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal fees 2,925 1,300   1,625


TY 2022 MortgagesAndNotesPayableSch
Name:
Danville Regional Foundation
EIN:
20-3319727
Total Mortgage Amount:  

Item No. 1
Lender's Name Diversified Capital-Virginia LLC
Lender's Title  
Relationship to Insider None
Original Amount of Loan 510,000
Balance Due 385,292
Date of Note 2015-07
Maturity Date 2025-08
Repayment Terms 2,958 monthly -1st 12 mo's; then $3,247 monthly; balloon payment at maturity
Interest Rate 5.000000000000
Security Provided by Borrower Real estate
Purpose of Loan Finance the purchase of real estate investment property
Description of Lender Consideration N/A
Consideration FMV  

Item No. 2
Lender's Name Jerome D Cook Sr & Barbara T Cook
Lender's Title  
Relationship to Insider None
Original Amount of Loan 280,000
Balance Due 95,800
Date of Note 2015-09
Maturity Date 2025-09
Repayment Terms 34,521 annually
Interest Rate 4.000000000000
Security Provided by Borrower Real estate
Purpose of Loan Finance the purchase of real estate investment property
Description of Lender Consideration N/A
Consideration FMV  

Item No. 3
Lender's Name Industrial Development Authority of Danville
Lender's Title  
Relationship to Insider None
Original Amount of Loan 891,000
Balance Due 503,021
Date of Note 2011-12
Maturity Date 2031-11
Repayment Terms 6,105 monthly
Interest Rate 5.450000000000
Security Provided by Borrower Building
Purpose of Loan Finance lease (formerly termed capital lease) - building
Description of Lender Consideration N/A
Consideration FMV  


TY 2022 OtherAssetsSchedule
Name:
Danville Regional Foundation
EIN:
20-3319727
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Accrued int. rec. 328,258 363,747 363,747


TY 2022 OtherDecreasesSchedule
Name:
Danville Regional Foundation
EIN:
20-3319727
Description Amount
Unrealized loss on investments per audited financial statements 38,390,404
Taxable pass through inc. from K-1's included in unrealized gains in the F/S 193


TY 2022 OtherExpensesSchedule
Name:
Danville Regional Foundation
EIN:
20-3319727
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Marketing / promotion 65,748 0   65,748
Insurance 57,343 22,053   35,290
Supplies 8,745 0   8,745
Small capital purchases, software licenses 22,174 0   22,174
Bank charges 708 708   0
Postage 1,565 0   1,565
Website hosting & maintenance 5,975 0   5,975
Special initiatives (non-fundraising) 237,385 0   237,385
Maintenance & repairs 286,994 226,989   7,076
Telephone 12,495 0   12,495
Dues and subscriptions 46,776 0   46,776
Miscellaneous 138,389 127,700   3,069
Provision for deferred federal excise tax benefit -622,461 0   0


TY 2022 OtherIncomeSchedule2
Name:
Danville Regional Foundation
EIN:
20-3319727
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Net taxable pass-through income from partnership investment K-1 193 193 193
Rental income from investments (non-debt financed) 187,948 187,948 187,948
Rental income from investments (debt financed) 123,394 0 123,394
Other investment income 28,364 28,364 28,364


TY 2022 OtherLiabilitiesSchedule
Name:
Danville Regional Foundation
EIN:
20-3319727
Description Beginning of Year - Book Value End of Year - Book Value
Def. excise tax 1,061,163 438,702


TY 2022 OtherProfessionalFeesSchedule
Name:
Danville Regional Foundation
EIN:
20-3319727
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment management and advisory fees 1,102,991 1,102,991   0
Other professional fees 573,283 115,113   518,595
Property management 300,496 295,394   0
Payroll & benefit administration fees 1,301 0   1,301


TY 2022 SubstantialContributorsSch
Name:
Danville Regional Foundation
EIN:
20-3319727
Name Address
MacKenzie Scott 1201 Third Avenue Suite 4900
Seattle,WA98101


TY 2022 TaxesSchedule
Name:
Danville Regional Foundation
EIN:
20-3319727
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Payroll taxes 56,766 3,889   52,812
Federal excise taxes 382,989 0   0
Property tax 44,522 39,579   2,413