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
DIANA DAVIS SPENCER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)3 BETHESDA METRO CENTER 118
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BETHESDA, MD20814
A Employer identification number

20-3672969
B Telephone number (see instructions)

(301) 961-4000
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$1,356,251,879J 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 right arrow.............
3 Interest on savings and temporary cash investments 76,091 76,091  
4 Dividends and interest from securities... 22,421,092 27,075,692  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 39,741,066
b Gross sales price for all assets on line 6a 351,525,665
7 Capital gain net income (from Part IV, line 2)... 75,125,165
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
1,177,029 328,077  
12 Total. Add lines 1 through 11........ 63,415,278 102,605,025  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 2,650,095 1,273,198   1,273,198
14 Other employee salaries and wages...... 1,219,841 595,462   595,462
15 Pension plans, employee benefits....... 913,936 469,946   469,946
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
835,783 83,578   765,128
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
335,000 156,324   156,324
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,827,471 3,440,181   407,707
17 Interest............... 81 0   81
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
182,898 90,167   90,167
19 Depreciation (attach schedule) and depletion... 63,621 0  
20 Occupancy.............. 215,945 0   210,631
21 Travel, conferences, and meetings....... 195,664 0   196,924
22 Printing and publications.......... 8,518 0   14,611
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
362,378 9,244,310   220,563
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,811,231 15,353,166   4,400,742
25 Contributions, gifts, grants paid....... 131,175,511 82,523,000
26 Total expenses and disbursements. Add lines 24 and 25 141,986,742 15,353,166   86,923,742
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -78,571,464
b Net investment income (if negative, enter -0-) 87,251,859
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.............      
2 Savings and temporary cash investments......... 92,742,133 112,878,132 112,878,132
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   27,405    
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.......... 1,053,808 1,101,103 1,101,103
10a Investments—U.S. and state government obligations (attach schedule) 186,001,321 Click to see attachment
List of Attached Documents:
// Content
152,603,489 		152,603,489
b Investments—corporate stock (attach schedule)....... 279,117,148 Click to see attachment
List of Attached Documents:
// Content
121,840,769 		121,840,769
c Investments—corporate bonds (attach schedule)....... 310,524,323 Click to see attachment
List of Attached Documents:
// Content
256,408,534 		256,408,534
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).......... 639,732,878 Click to see attachment
List of Attached Documents:
// Content
709,870,105 		709,870,105
14 Land, buildings, and equipment: basis right arrow2,163,747
Less: accumulated depreciation (attach schedule) right arrow1,492,730 870,934 Click to see attachment
List of Attached Documents:
// Content
671,017 		671,017
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
75,485 		Click to see attachment
List of Attached Documents:
// Content
878,730 		Click to see attachment
List of Attached Documents:
// Content
878,730
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,510,145,435 1,356,251,879 1,356,251,879
Liabilities 17 Accounts payable and accrued expenses.......... 1,161,117 897,312
18 Grants payable................. 65,180,692 112,968,203
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
3,926,696 		Click to see attachment
List of Attached Documents:
// Content
2,980,120
23 Total liabilities (add lines 17 through 22)......... 70,268,505 116,845,635
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........... 1,439,876,930 1,239,406,244
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)..... 1,439,876,930 1,239,406,244
30 Total liabilities and net assets/fund balances (see instructions). 1,510,145,435 1,356,251,879
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
1,439,876,930
2
Enter amount from Part I, line 27a .....................
2
-78,571,464
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,476,813
4
Add lines 1, 2, and 3 ..........................
4
1,363,782,279
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
124,376,035
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,239,406,244
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 PARTNERSHIP ST CAPITAL P    
b PARTNERSHIP LT CAPITAL P    
c PARTNERSHIP 1231 GAIN P    
d PUBLICLY TRADED SECURITIES      
e PUBLICLY TRADED SECURITIES      
(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 12,560,620     12,560,620
b 22,570,117     22,570,117
c 253,362     253,362
d 4,972,816   4,686,069 286,747
e 311,168,750   271,714,431 39,454,319
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       12,560,620
b       22,570,117
c       253,362
d       286,747
e       39,454,319
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 75,125,165
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 1,212,801
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 1,212,801
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 1,212,801
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 754,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 887,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,641,000
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 0
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 10 428,199
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow428,199 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 arrowDE
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. ...............................
10
 
No
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.DDSFOUNDATION.ORG
14
The books are in care ofright arrowCAROLE FEATHERSTONE Telephone no.right arrow (301) 961-4000

Located atright arrow3 BETHESDA METRO CENTER 118BETHESDAMD ZIP+4right arrow20814
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)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
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
 
No
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
 
 
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)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
DIANA DAVIS SPENCER EXECUTIVE CHAIRMAN
40.00 		714,769 68,530 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
ABBY SPENCER MOFFAT CEO & PRESIDENT
40.00 		720,538 84,499 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
HARRISON HOWARD TRUSTEE
1.00 		30,000 0 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
CAROLE A FEATHERSTONE CHIEF FINANCIAL OFFICER
40.00 		569,000 215,699 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
CHRISTOPHER BURN CHIEF INVESTMENT OFFICER
40.00 		678,102 100,095 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
JOHN RICHARDSON AUDIT & INVESTMENT COMMITTEE MEMBER
4.00 		112,500 0 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
RICHARD PAINTER AUDIT & INVESTMENT COMMITTEE MEMBER
4.00 		101,000 0 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
THOMAS SKILTON GENERAL COUNSEL AND SECRETARY
40.00 		527,423 63,429 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
KIMBERLY LAMANNA TRUSTEE
1.00 		0 0 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
SPENCER MOFFAT TRUSTEE
1.00 		0 0 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
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
NICOLE K HALL SENIOR PROGRAM MANAG
40.00 		238,479 90,319 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
MARY HAMILTON PROJECT MANAGER
40.00 		203,569 85,589 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
ELIZABETH SMIROLDO SENIOR RESEARCH ANAL
40.00 		192,369 53,704 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
YHEIZZI OWEN GRANTS MANAGER
40.00 		164,369 66,732 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
DEBORA MARTIN SENIOR EXECUTIVE ASS
40.00 		130,818 65,237 0
3 BETHESDA METRO CENTER
BETHESDA,MD20814
Total number of other employees paid over $50,000...................right arrow 3
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
MORGAN STANLEY GRAYSTONE INVESTMENT ADVISORY SERVICES 1,572,853
12505 PARK POTOMAC AVENUE 420
POTOMAC,MD20854
HAMLIN CAPITAL MANGEMENT LLS INVESTMENT ADVISORY SERVICES 957,850
640 FIFTH AVENUE 11TH FLOOR
NEW YORK,NY10019
K&L GATES LLP LEGAL SERVICES 579,872
1601 K STREET NW
WASHINGTON,DC20006
CLIFTONLARSONALLEN LLP ACCOUNTING SERVICES 268,709
220 6TH STREET SUITE 300
MINNEAPOLIS,MN55402
CAMERON LLP LEGAL SERVICES 251,599
818 CONNECTICUT AVE NW STE 900
WASHINGTON,DC20006
Total number of others receiving over $50,000 for professional services.............right arrow5
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.........................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
1,323,897,350
b
Average of monthly cash balances.......................
1b
61,090,050
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,384,987,400
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
1,384,987,400
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
20,774,811
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,364,212,589
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
68,210,629
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
68,210,629
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,212,801
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,212,801
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
66,997,828
4
Recoveries of amounts treated as qualifying distributions................
4
2,476,813
5
Add lines 3 and 4............................
5
69,474,641
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
69,474,641
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
86,923,742
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
86,923,742
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 69,474,641
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
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$ 86,923,742
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 69,474,641
e Remaining amount distributed out of corpus 17,449,101
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 17,449,101
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 ...... 		17,449,101
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.... 17,449,101
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (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

1789 FUND

6959 WILKINS LN
CHESTERTOWN,MD20620 		NONE PC EDUCATIONAL CONFERENCE 25,000

ACADIA REPERTORY THEATRE

1154 MAIN STREET
MOUNT DESERT,ME04660 		NONE PC ARTS PROGRAM SUPPORT 2,000

ACTON ACADEMY FOUNDATION

2422 K STREET NW
WASHINGTON,DC20037 		NONE PC ENTREPRENEURSHIP AND GROWTH PROJECTS 100,000

AFTER-SCHOOL ALL-STARS

1331 H STREET NW STE 1100
WASHINGTON,DC20005 		NONE PC COMPREHENSIVE ENRICHMENT PROGRAMS 250,000

ALEXANDER HAMILTON INSTITUTE FOR THE STUDY OF WESTERN CIVILIZATION

21 W PARK ROW
CLINTON,NY13323 		NONE PC WASHINGTON PROGRAM ON NATIONAL SECURITY 45,000

AMERICAN COUNCIL OF TRUSTEES AND ALUMNI

1730 M STREET NW SUITE 600
WASHINGTON,DC20036 		NONE PC HIGHER EDUCATION PROGRAMS 1,000,000

AMERICAN STRATEGY GROUP THE (CLAREMONT STRATEGY GROUP)

937 W FOOTHILL BLVD SUITE C
CLAREMONT,CA91711 		NONE PC RESEARCH & EDUCATION 200,000

AMERICAN SWISS FOUNDATION INC

271 MADISON AVENUE SUITE 1403
NEW YORK,NY10016 		NONE PC EDUCATIONAL PROGRAMS AND CAPACITY BUILDING 450,000

AMERICAS FUTURE FOUNDATION

3434 WASHINGTON BLVD 1ST FLOOR
ARLINGTON,VA22201 		NONE PC LEADERSHIP AND EDUCATIONAL PROGRAMS 200,000

ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

1179 HAMMOND LANE
ODENTON,MD21113 		NONE GOV STUDENT FIELD TRIPS 56,000

ARMY HISTORICAL FOUNDATION INC

2425 WILSON BLVD
ARLINGTON,VA22202 		NONE PC TOWARDS THE NATIONAL MUSEUM OF THE U.S. ARMY 150,000

ASIA AMERICA INITIATIVE

1521 16TH STREET NW
WASHINGTON,DC20036 		NONE PC INTERNATIONAL PEACE AND SECURITY 350,000

BAR HARBOR FOOD PANTRY

36 MOUNT DESERT STREET
BAR HARBOR,ME04609 		NONE PC FOOD INSECURITY PROGRAMS 25,000

BECKET FUND

1919 PENNSYLVANIA AVE NW SUITE 400
WASHINGTON,DC20006 		NONE PC RELIGIOUS FREEDOM INITIATIVES 150,000

BEST FRIENDS FOUNDATION

4 LAUREL PARKWAY
CHEVY CHASE,MD20815 		NONE PF SOCIAL-EMOTIONAL LEARNING PROGRAMS 600,000

BETHESDA GREEN

4825 CORDELL AVE
BETHESDA,MD20814 		NONE PC ENTREPRENEURSHIP PROGRAMS 150,000

BOOST OTHERS INC

480 MALCOLM RD
VIENNA,VA22180 		NONE PC HUMANITARIAN RELIEF 50,000

BULLIS SCHOOL

10601 FALLS ROAD
POTOMAC,MD20854 		NONE PC FINANCIAL AID PROGRAM 100,000

CALVIN COOLIDGE PRESIDENTIAL FOUNDATION

3780 VT-100A
PLYMOUTH,VT05056 		NONE PC SCHOLARSHIPS PROGRAM 100,000

CAPITAL AREA FOOD BANK

4900 PUERTO RICO AVE NE
WASHINGTON,DC20017 		NONE PC FOOD INSECURITY PROGRAMS 150,000

CAPITAL RESEARCH CENTER

1513 16TH STREET NW
WASHINGTON,DC20036 		NONE PC CORE PROGRAMS 400,000

CARING FOR MILITARY FAMILIES THE ELIZABETH DOLE FOUNDATION

600 NEW HAMPSHIRE AVENUE NW STE
1020
WASHINGTON,DC20037 		NONE PC VETERAN FAMILIES PROGRAMS 1,030,000

CASE WESTERN RESERVE UNIVERSITY

10900 EUCLID AVE
CLEVELAND,OH44106 		NONE PC SCHOOL OF NURSING 400,000

CENTER FOR A SECURE FREE SOCIETY (SFS)

1440 G ST NW
WASHINGTON,DC20005 		NONE PC EDUCATIONAL FORUM 3,000

CENTER FOR STRATEGIC AND INTERNATIONAL STUDIES

1616 RHODE ISLAND AVE NW
WASHINGTON,DC20036 		NONE PC NATIONAL SECURITY PROGRAMS 200,000

CERTELL INC

2201 E 46TH STREET SUITE 302
INDIANAPOLIS,IN46205 		NONE PC EDUCATIONAL COURSES AND MATERIALS 160,000

CHAPEL HAVEN INCORPORATED

1040 WHALLEY AVENUE
NEW HAVEN,CT06515 		NONE PC DISABILITIES EDUCATION AND SOCIAL SERVICES 10,000

CHARLOTTE LOZIER INSTITUTE AKA SUSAN B ANTHONY LIST

2800 SHIRLINGTON RD STE 1200
ARLINGTON,VA22209 		NONE PC PUBLIC EDUCATIONAL OUTREACH 1,000,000

CHILDREN'S NATIONAL MEDICAL CENTER

111 MICHIGAN AVENUE NW
WASHINGTON,DC20010 		NONE PC NURSING AND MENTAL HEALTH PROGRAMS 400,000

COLLEGE OF THE ATLANTIC

105 EDEN ST
BAR HARBOR,ME04609 		NONE PC CAMPUS EDUCATIONAL INITIATIVES 50,000

COLLEGIATE DIRECTIONS INC

4827 RUGBY AVE STE 001
BETHESDA,MD20814 		NONE PC COLLEGE ACCESS AND SUCCESS FOR LOW-INCOME STUDENTS 300,000

CONSTITUTING AMERICA

9382 MT VERNON CIRCLE
ALEXANDRIA,VA22309 		NONE PC EDUCATIONAL PROGRAMS ON THE CONSTITUTION 300,000

CONSUMER ACTION NETWORK

1029 VERMONT AVENUE NW SUITE 810
WASHINGTON,DC20005 		NONE PC SOCIAL SERVICES 475,000

COUNCIL FOR THE ADVANCEMENT OF SCIENCE WRITING

2217 NW 64TH STREET
SEATTLE,WA98107 		NONE PC SHARON BEGLEY SCIENCE REPORTING AWARD 10,000

CULTURE WISE STUDIES INC

4073 MISSION OAKS BLVD
CAMARILLO,CA93012 		NONE PC PUBLIC EDUCATIONAL OUTREACH 450,000

DAILY CALLER NEWS FOUNDATION

1775 EYE STREET NW SUITE 1150-291
WASHINGTON,DC20006 		NONE PC PUBLIC INTEREST JOURNALISM 10,000

DARROW SCHOOL

110 DARROW RD
NEW LEBANON,NY12125 		NONE PC ENVIRONMENTAL CENTER 500,000

DARTMOUTH COLLEGE

7 LEBANON STREET SUITE 302 6015
HANOVER,NH03755 		NONE PC POSTDOCTORAL FELLOWSHIP PROGRAMS 300,000

DONORS TRUST

1800 DIAGONAL ROAD SUITE 280
ALEXANDRIA,VA22314 		NONE PC DONOR ADVISED FUND CONTRIBUTION 14,000,000

DOWNTOWN EVENING SOUP KITCHEN

311 TEMPLE STREET
NEW HAVEN,CT06511 		NONE PC TOWARDS THE DINNER & PANTRY PROGRAM 20,000

ENCOUNTER FOR CULTURE AND EDUCATION

900 BROADWAY SUITE 601
NEW YORK,NY10003 		NONE POF EDUCATIONAL PUBLICATIONS 65,000

ENOUGH IS ENOUGH

PO BOX 1532
GREAT FALLS,VA22066 		NONE PC PUBLIC EDUCATIONAL OUTREACH 400,000

FORGE LEADERSHIP NETWORK

707 MIAMISBURG-CENTERVILLE RD
DAYTON,OH45459 		NONE PC LEADERSHIP AND EDUCATION PROGRAMS 200,000

FOUNDATION FIGHTING BLINDNESS

7168 COLUMBIA GATEWAY DRIVE SUITE
100
COLUMBIA,MD21046 		NONE PC MEDICAL RESEARCH 1,000,000

FOUNDATION FOR CULTURAL REVIEW INC

900 BROADWAY STE 602
NEW YORK,NY10003 		NONE PC EDUCATIONAL PUBLICATIONS 75,000

FOUNDATION FOR EXCELLENCE IN HIGHER EDUCATION INC

16 STOCKTON STREET
PRINCETON,NJ08540 		NONE PC CAMPUS EDUCATIONAL INITIATIVES 1,000,000

FOUNDATION FOR INDIVIDUAL RIGHTS IN EDUCATION INC

510 WALNUT STREET STE 1250
PHILADELPHIA,PA19106 		NONE PC CAMPUS EDUCATIONAL INITIATIVES 300,000

FREE TO CHOOSE NETWORK

2002 FILMORE AVENUE
ERIE,PA16506 		NONE PC EDUCATIONAL PUBLICATIONS AND MEDIA 800,000

FREEDOM ALLIANCE

22570 MARKEY COURT SUITE 240
DULLES,VA20166 		NONE PC SCHOLARSHIP AND STUDENT EDUCATIONAL PROGRAMS 210,000

FRIENDS OF ACADIA

43 COTTAGE STREET PO BOX 45
BAR HARBOR,ME04609 		NONE PC ENVIRONMENTAL AND EDUCATIONAL INITIATIVES 10,000

FUND FOR AMERICAN STUDIES

1706 NEW HAMPSHIRE AVENUE NW
WASHINGTON,DC20009 		NONE PC SCHOLARSHIP AND EDUCATIONAL PROGRAMS 300,000

GATESTONE INSTITUTE

14 E 60TH STREET SUITE 705
NEW YORK,NY10022 		NONE PC EDUCATIONAL RESEARCH AND PUBLICATIONS 125,000

GEORGE MASON UNIVERSITY

4400 UNIVERSITY DR MS1A3
FAIRFAX,VA22030 		NONE PC LAW AND ECONOMICS CENTER 200,000

GLOUCESTER INSTITUTE

8229 BOONE BLVD
TYSONS CORNER,VA22182 		NONE PC YOUTH LEADERSHIP PROGRAMS 500,000

HERITAGE FOUNDATION

214 MASSACHUSETTS AVE NE
WASHINGTON,DC20002 		NONE PC PUBLIC POLICY RESEARCH AND EDUCATION 1,500,000

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI49242 		NONE PC SCHOLARSHIP ENDOWMENTS 2,000,000

HUDSON INSTITUTE

1201 PENNSYLVANIA AVENUE NW FOURTH
FLOOR
WASHINGTON,DC20004 		NONE PC PUBLIC POLICY RESEARCH AND EDUCATION 125,000

IN SERIES INC

1835 14TH ST NW
WASHINGTON,DC20009 		NONE PC ARTS PROGRAM 2,000

INDEPENDENT WOMENS FORUM (IWF)

4 WEEMS LANE SUITE 312
WINCHESTER,VA22601 		NONE PC PUBLIC POLICY EDUCATION AND RESEARCH 1,930,000

INFORMING AMERICA INC

1747 PENNSYLVANIA AVE NW SUITE 1000
WASHINGTON,DC20006 		NONE PC PUBLIC INTEREST JOURNALISM AND EDUCATIONAL OUTREACH 1,500,000

INSTITUTE FOR HUMANE STUDIES

3434 WASHINGTON BOULEVARD MC 1C5
ARLINGTON,VA22201 		NONE PC HIGHER EDUCATION INITIATIVES 100,000

INSTITUTE FOR JUSTICE

901 N GLEBE ROAD SUITE 900
ARLINGTON,VA22203 		NONE PC PUBLIC INTEREST LITIGATION 200,000

INSTITUTE FOR RESPONSIBLE CITIZENSHIP INC

1227 25TH STREET NW SUITE 600
WASHINGTON,DC20037 		NONE PC TOWARDS SUMMER PROGRAMS IN WASHINGTON, D.C. 500,000

INSTITUTE FOR THE STUDY OF WAR

1400 16TH STREET NW SUITE 515
WASHINGTON,DC22044 		NONE PC NATIONAL SECURITY RESEARCH AND EDUCATION 50,000

INTERCOLLEGIATE STUDIES INSTITUTE INC

3901 CENTERVILLE RD
WILMINGTON,DE19807 		NONE PC HIGHER EDUCATION INITIATIVES 30,000

INTERCOLLEGIATE STUDIES INSTITUTE INC

3901 CENTERVILLE RD
WILMINGTON,DE19807 		NONE PC HIGHER EDUCATION INITIATIVES 200,000

INTERNATIONAL SPY MUSEUM

700 LENFANT PLAZA SW
WASHINGTON,DC20024 		NONE PC YOUTH AND COMMUNITY EDUCATION PROGRAMS 300,000

INTERNATIONAL STUDENT HOUSE OF WASHINGTON DC

1825 R STREET NW
WASHINGTON,DC20008 		NONE PC RESIDENTIAL EDUCATION PROGRAMS 25,000

ISLAND CONNECTIONS

93 COTTAGE STREET SUITE 101
BAR HARBOR,ME04609 		NONE PC VOLUNTEER DRIVER SUPPORT 5,000

ISLAND HOUSING TRUST

1366 STATE HIGHWAY 102
BAR HARBOR,ME04609 		NONE PC COMMUNITY HOUSING OPPORTUNITIES 50,000

JACK KEMP FOUNDATION

5614 CONNECTICUT AVENUE NW SUITE
305
WASHINGTON,DC20015 		NONE PC COMMUNITY DEVELOPMENT RESEARCH AND EDUCATION 75,000

JEWISH INSTITUTE FOR NATIONAL SECURITY AFFAIRS (JINSA)

1101 14TH AVENUE NW NO 1030
WASHINGTON,DC20008 		NONE PC EDUCATIONAL LEADERSHIP PROGRAMS 300,000

JOB CREATORS NETWORK FOUNDATION

15455 NORTH DALLAS PARKWAY SUITE
600
ADDISON,TX75001 		NONE PC PUBLIC EDUCATIONAL OUTREACH 500,000

JOB CREATORS NETWORK FOUNDATION

15455 NORTH DALLAS PARKWAY SUITE
600
ADDISON,TX75001 		NONE PC PUBLIC EDUCATIONAL OUTREACH 500,000

JOHN JAY INSTITUTE

705 S BELLEVUE AVE
LANGHORNE,PA19047 		NONE PC ACADEMIC SEMINAR PROGRAMS 75,000

JUBILEE JOBS INC

2712 ONTARIO RD NW
WASHINGTON,DC20009 		NONE PC LOW-INCOME JOBS TRAINING 50,000

KEYSTONE SERVICE SYSTEMS INC

1078 GRAVEL HILL ROAD
GRANTVILLE,PA17028 		NONE PC VETERANS PROGRAMS 100,000

LAND CONSERVATION ASSISTANCE NETWORK

106 LAFAYETTE STREET SUITE 3G
YARMOUTH,ME04096 		NONE PC CONSERVATION PROGRAMS 75,000

LAW ENFORCEMENT LEGAL DEFENSE FUND

2560 HUNTINGTON AVE NO 100
ALEXANDRIA,VA22303 		NONE PC PUBLIC EDUCATIONAL OUTREACH 300,000

LEADERSHIP INSTITUTE

1101 NORTH HIGHLAND STREET
ARLINGTON,VA22201 		NONE PC CAMPUS EDUCATIONAL INITIATIVES 250,000

LITTLE WORKERS OF THE SACRED HEARTS OF JESUS AND MARY

3620 15TH ST NE
WASHINGTON,DC20017 		NONE PC LOW-INCOME HEALTH SERVICES 290,000

MAINE SEACOAST MISSION

127 WEST STREET
BAR HARBOR,ME04609 		NONE PC EDUCATIONAL AND SOCIAL SERVICES 300,000

MAPLEBROOK SCHOOL INC

5142 ROUTE 22
AMENIA,NY12501 		NONE PC OPERATIONAL AND INSTRUCTIONAL SUPPORT 400,000

MAPLEBROOK SCHOOL INC

5142 ROUTE 22
AMENIA,NY12501 		NONE PC OPERATIONAL AND INSTRUCTIONAL SUPPORT 200,000

MASTERS SCHOOL

49 CLINTON AVE
DOBBS FERRY,NY10522 		NONE PC CAMPUS CONSTRUCTION PROJECT 50,000

MASTERS SCHOOL

49 CLINTON AVE
DOBBS FERRY,NY10522 		NONE PC FACULTY SUPPORT 20,000,000

MEDIA RESEARCH CENTER INC

1900 CAMPUS COMMONS DRIVE 600
RESTON,VA20191 		NONE PC PUBLIC EDUCATIONAL OUTREACH 2,000,000

MEDIA RESEARCH CENTER INC

1900 CAMPUS COMMONS DRIVE 600
RESTON,VA20191 		NONE PC PUBLIC EDUCATIONAL OUTREACH 50,000

MIDDLE EAST CHILDREN'S INSTITUTE INC

63 FOREST AVENUE SUITE 5B
LOCUST VALLEY,NY11560 		NONE PC PUBLIC EDUCATIONAL OUTREACH 50,000

MIDDLE EAST MEDIA AND RESEARCH INSTITUTE INC

1819 L STREET NW 5TH FLOOR
WASHINGTON,DC20036 		NONE PC PUBLIC EDUCATIONAL OUTREACH 1,000,000

MIDDLE EAST MEDIA AND RESEARCH INSTITUTE INC

1819 L STREET NW 5TH FLOOR
WASHINGTON,DC20036 		NONE PC PUBLIC EDUCATIONAL OUTREACH 100,000

MOUNT DESERT ISLAND HOSPITAL

10 WAYMAN LANE
BAR HARBOR,ME04609 		NONE PC HEALTH SERVICES AND EDUCATION 350,000

MOUNT DESERT ISLAND YMCA

21 PARK STREET
BAR HARBOR,ME04609 		NONE PC COMMUNITY SERVICES AND EDUCATION 25,000

MOVING PICTURE INSTITUTE

375 GREENWICH ST
NEW YORK,NY10013 		NONE PC EDUCATIONAL MEDIA PRODUCTION 500,000

NATIONAL FATHERHOOD INITIATIVE

12410 MILESTONE CENTER DRIVE SUITE
600
GERMANTOWN,MD20876 		NONE PC PUBLIC EDUCATION AND TRAINING PROGRAMS 75,000

NATIONAL HISTORY DAY

4511 KNOX ROAD SUITE 205
COLLEGE PARK,MD20740 		NONE PC YOUTH EDUCATIONAL PROGRAMS 100,000

NATIONAL PARK TRUST INC

401 EAST JEFFERSON STREET SUITE 207
ROCKVILLE,MD20850 		NONE PC YOUTH AND MILITARY FAMILIES PROGRAMS 260,000

NATIONAL TAXPAYERS UNION FOUNDATION

122 C STREET NW SUITE 650
WASHINGTON,DC20001 		NONE PC PUBLIC POLICY RESEARCH AND EDUCATION 200,000

NATIONAL TRUST FOR HISTORIC PRESERVATION

2600 VIRGINIA AVENUE NW 1100
WASHINGTON,DC20037 		NONE PC HISTORIC PRESERVATION PROGRAMS 15,000

NETWORK OF ENLIGHTENED WOMEN INC

1360 EAST CAPITOL STREET NE
WASHINGTON,DC20003 		NONE PC EDUCATIONAL AND LEADERSHIP TRAINING PROGRAMS 150,000

NORTHEAST HARBOR LIBRARY

1 JOY RD
NORTHEAST HARBOR,ME04662 		NONE PC SCHOLARSHIP PROGRAM AND OPERATIONS 40,000

OPERATION OPPORTUNITY FOUNDATION DBA THE WARRIOR SCHOLAR PROJECT

1012 14TH ST NW SUITE 1200
WASHINGTON,DC20005 		NONE PC VETERANS EDUCATION PROGRAMS 300,000

OPERATION RECOVERY

23781 US HWY 27 SUITE 412
LAKE WALES,FL33859 		NONE PC HUMANITARIAN ASSISTANCE PROGRAMS 50,000

OUR COMMUNITY SALUTES - USA

41 COHASSET LANE
CHERRY HILL,NJ08003 		NONE PC HIGH SCHOOL PROGRAMS 700,000

OUR COMMUNITY SALUTES - USA

41 COHASSET LANE
CHERRY HILL,NJ08003 		NONE PC HIGH SCHOOL PROGRAMS 100,000

PACIFIC LEGAL FOUNDATION

930 G STREET
SACRAMENTO,CA95814 		NONE PC PUBLIC INTEREST LITIGATION AND EDUCATIONAL OUTREACH 150,000

PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY

101 MONTGOMERY STREET SUITE 1300
SAN FRANCISCO,CA94104 		NONE PC PUBLIC POLICY RESEARCH AND EDUCATION 100,000

PARENTS DEFENDING EDUCATION

4532 LEE HWY NUMBER 119
ARLINGTON,VA22207 		NONE PC PUBLIC EDUCATIONAL OUTREACH 150,000

PARLIAMENTARY INTELLIGENCE-SECURITY FORUM

20 F ST NW SUITE 700
WASHINGTON,DC20001 		NONE PC SCHOLARSHIP PROGRAMS 100,000

PLIMOTH PATUXET MUSEUM INC AKA PLIMOTH PLANTATION INC

137 WARREN AVE PO BOX 1620
PLYMOUTH,MA02362 		NONE PC HISTORIC PRESERVATION PROGRAM 400,000

PRAGER UNIVERSITY FOUNDATION

15021 VENTURA BLVD 552
SHERMAN OAKS,CA91403 		NONE PC PUBLIC EDUCATIONAL OUTREACH 300,000

REPUBLIC BOOK PUBLISHERS

27 WEST 20TH STREET SUITE 1103
NEW YORK,NY10011 		NONE PC EDUCATIONAL PUBLICATIONS 150,000

SAMARITAN'S PURSE

801 BAMBOO RD
BOONE,NC28607 		NONE PC HUMANITARIAN ASSISTANCE PROGRAMS 75,000

SAMARITAN'S PURSE

801 BAMBOO RD
BOONE,NC28607 		NONE PC HUMANITARIAN ASSISTANCE PROGRAMS 75,000

SHALEM FOUNDATION

845 THIRD AVENUE SIXTH FLOOR
NEW YORK,NY10022 		NONE PC MODERN MIDDLE EASTERN STUDIES PROGRAM 200,000

SIBLEY MEMORIAL HOSPITAL FOUNDATION

5255 LOUGHBORO RD NW
WASHINGTON,DC20016 		NONE PC FY22 SIBLEY UNITY CANCER NAVIGATORS PROGRAM 100,000

SISTER STATES OF MARYLAND

16 FRANCIS STREET
ANNAPOLIS,MD21403 		NONE PC INTERNATIONAL CULTURAL, EDUCATIONAL, AND HEALTH EXCHANGES 200,000

SMITHSONIAN INSTITUTION FBO SMITHSONIAN WOMEN'S COMMITTEE

1000 JEFFERSON DR SW
WASHINGTON,DC20560 		NONE PC SMITHSONIAN CRAFT SHOW 20,000

SOCIETY OF MAYFLOWER DESCENDANTS OF NEW YORK

20 WEST 44TH STREET RM 505
NEW YORK,NY10036 		NONE PC EDUCATIONAL OUTREACH PROGRAMS 5,000

SOCIETY OF THE FOUR ARTS

100 FOUR ARTS PLAZA
PALM BEACH,FL33480 		NONE PC ARTS PROGRAM 25,000

SPEECH FIRST INC

1300 I ST NW STE 400E
WASHINGTON,DC20005 		NONE PC CAMPUS EDUCATIONAL PROGRAMS 250,000

STEAMBOAT INSTITUTE

27855 WHITEWOOD DRIVE EAST
STEAMBOAT SPRINGS,CO80487 		NONE PC LEADERSHIP EDUCATION PROGRAMS 100,000

SUBURBAN HOSPITAL FOUNDATION INC

8600 OLD GEORGETOWN ROAD
BETHESDA,MD20814 		NONE SO I SUBURBAN HOSPITAL NURSING EXCELLENCE PROGRAMS 250,000

SUCCESS ACADEMY CHARTER SCHOOL

95 PINE STREET FLOOR 6
NEW YORK,NY10005 		NONE PC ACADEMIC PROGRAMS 10,000

TENEO NETWORK INC

2606 W 8TH ST
AUSTIN,TX78703 		NONE PC PUBLIC EDUCATION AND LEADERSHIP TRAINING PROGRAMS 500,000

TEXAS A&M UNIVERSITY

2132 ALLEN BUILDING 4420 TAMU
COLLEGE STATION,TX77843 		NONE PC GRADUATE NATIONAL SECURITY PROGRAMS 7,000,000

THE INSTITUTE FOR FAMILY STUDIES

PO BOX 1502
CHARLOTTESVILLE,VA22902 		NONE PC PUBLIC POLICY RESEARCH AND EDUCATION 100,000

THE JACKSON LABORATORY

600 MAIN STREET
BAR HARBOR,ME04609 		NONE PC MEDICAL RESEARCH 150,000

THE NATIONAL WORLD WAR II MUSEUM

945 MAGAZINE ST
NEW ORLEANS,LA70130 		NONE PC PUBLIC EDUCATION AND OPERATIONS 50,000

TIM TEBOW FOUNDATION

7700 SQUARE LAKE BLVD
JACKSONVILLE,FL32256 		NONE PC YOUTH EDUCATION AND SOCIAL SERVICES 2,500,000

TRUST FOR THE NATIONAL MALL

1300 PENNSYLVANIA AVE NW SUITE 370
WASHINGTON,DC20004 		NONE PC RESTORATION AND SUSTAINABILITY PROJECTS 50,000

US FOUNDATION FOR THE COMMEMORATION OF THE WORLD WARS

701 PENNSYLVANIA AVE NW 123
WASHINGTON,DC20004 		NONE PC WORLD WAR I MEMORIAL 250,000

V5 INITIATIVE INC

PO BOX 40471
WASHINGTON,DC20016 		NONE PC PUBLIC POLICY RESEARCH AND EDUCATION 200,000

VICTIMS OF COMMUNISM MEMORIAL FOUNDATION INC

900 15TH ST NW
WASHINGTON,DC20005 		NONE PC PUBLIC EDUCATIONAL PROGRAMS 900,000

VICTIMS OF COMMUNISM MEMORIAL FOUNDATION INC

900 15TH ST NW
WASHINGTON,DC20005 		NONE PC MUSEUM PROGRAMS 10,000

WASHINGTON TENNIS & EDUCATION FOUNDATION INC

5220 16TH ST NW
WASHINGTON,DC20011 		NONE PC YOUTH EDUCATIONAL PROGRAMS 200,000

WOODROW WILSON INTERNATIONAL CENTER FOR SCHOLARS

1300 PENNSYLVANIA AVE NW SUITE 8
WASHINGTON,DC20004 		NONE PC ACADEMIC RESEARCH AND SCHOLARSHIP 400,000

YOUNG AMERICANS AGAINST SOCIALISM

PO BOX 345
CAMBRIDGE,NY12816 		NONE PC PUBLIC POLICY RESEARCH AND EDUCATION 150,000
Total .................................right arrow 3a 82,523,000
bApproved for future payment

AMERICAN PRIVATE RADIO
1723-B UNIVERSITY AVE SUITE 361
OXFORD,MS38655 		NONE PC EDUCATIONAL BROADCAST PROGRAMING 600,000

CHAPEL HAVEN ENDOWMENT
1040 WHALLEY AVENUE
NEW HAVEN,CT06515 		NONE SO I STAFF SUPPORT 2,000,000

CHAPEL HAVEN INC
1040 WHALLEY AVENUE
NEW HAVEN,CT06515 		NONE PC STAFF SUPPORT 2,000,000

HAZELDEN BETTY FORD FOUNDATION
15251 PLEASANT VALLEY RD PO BOX 11
CENTER CITY,MN55012 		NONE PC TOWARDS THE FAMILY AND CHILDRENS PROGRAMS. 2,000,000

HERITAGE FOUNDATION
214 MASSACHUSETTS AVE NE
WASHINGTON,DC20002 		NONE PC PUBLIC POLICY RESEARCH AND EDUCATION 5,000,000

HILLSDALE COLLEGE
33 E COLLEGE ST
HILLSDALE,MI49242 		NONE PC GRADUATE EDUCATION 5,000,000

INTERCOLLEGIATE STUDIES INSTITUTE INC
3901 CENTERVILLE RD
WILMINGTON,DE19807 		NONE PC HIGHER EDUCATION INITIATIVES 1,000,000

PENTAGON MEMORIAL FUND INC
901 N GLEBE ROAD SUITE 200
ARLINGTON,VA22203 		NONE PC VISITOR EDUCATION AND OPERATIONS 1,250,000

THE FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES
1776 I STREET NW SUITE 300
WASHINGTON,DC20006 		NONE PC PUBLIC POLICY RESEARCH AND EDUCATION 2,000,000
Total ................................. right arrow 3b 20,850,000
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 76,091  
4 Dividends and interest from securities ....     14 22,421,092  
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 .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 39,741,066  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    01 124  
bEXCISE TAX REFUND     01 1,176,905  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 63,415,278 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
63,415,278
(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

TY 2022 AccountingFeesSchedule
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 335,000 156,324   156,324

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

TY 2022 ExpenditureResponsibilityStmt
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
BEST FRIENDS FOUNDATION
  		4 LAUREL PARKWAY
CHEVY CHASE,MD20815 		2021-10-29 300,000 PROMOTING SOCIAL EMOTIONAL LEARNING 296,821 NO DISBURSEMENT REPORT AT 12/31/22 2022-12-31 FUNDS WERE USED FOR THE PURPOSE INTENDED.
BEST FRIENDS FOUNDATION
  		4 LAUREL PARKWAY
CHEVY CHASE,MD20815 		2022-11-14 600,000 TOWARDS HOW TO BE YOUR BEST SELF: PROMOTING SOCIAL-EMOTIONAL LEARNING 584,020 NO DISBURSEMENT REPORT AT 12/31/22 2022-12-31 FUNDS WERE USED FOR THE PURPOSE INTENDED.
ENCOUNTER FOR CULTURE AND EDUCATION
  		900 BROADWAY STE 601
NEW YORK,NY10003 		2022-11-17 15,000 SUPPORT FOR ENCOUNTER BOOKS EDUCATIONAL PROGRAM 15,000 NO 1/17/23 2023-01-17 FUNDS WERE USED FOR THE PURPOSE INTENDED.
ENCOUNTER FOR CULTURE AND EDUCATION
  		900 BROADWAY STE 601
NEW YORK,NY10003 		2022-09-01 25,000 SUPPORT FOR ENCOUNTER BOOKS EDUCATIONAL PROGRAM 25,000 NO 1/17/23 2023-01-17 FUNDS WERE USED FOR THE PURPOSE INTENDED.
ENCOUNTER FOR CULTURE AND EDUCATION
  		900 BROADWAY STE 601
NEW YORK,NY10003 		2022-05-24 25,000 SUPPORT FOR ENCOUNTER BOOKS EDUCATIONAL PROGRAM 25,000 NO 3/8/23 2023-03-08 FUNDS WERE USED FOR THE PURPOSE INTENDED.

TY 2022 InvestmentsCorpBondsSchedule
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Name of Bond End of Year Book Value End of Year Fair Market Value
VANGUARD INTERMEDIATE TERM BOND ETF 105,980,320 105,980,320
VANGUARD LONG-TERM CORP BOND 34,902,310 34,902,310
VANGUARD TOTAL BOND MARKET ETF 115,525,904 115,525,904

TY 2022 InvestmentsCorpStockSchedule
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Name of Stock End of Year Book Value End of Year Fair Market Value
LINDE PLC COM 800,446 800,446
MARTIN MARIETTA MATERIALS COM 655,662 655,662
HONEYWELL INTERNATIONAL INC COM 1,267,370 1,267,370
OTIS WORLDWIDE CORP COM 682,863 682,863
RAYTHEON TECHNOLOGUIES CORP COM 1,189,140 1,189,140
UNION PAC CORP COM 713,149 713,149
ALPHABET INC CAP STOCK CLASS C 1,433,877 1,433,877
ALPHABET INC CAP STOCK CLASS A 1,078,171 1,078,171
DISNEY WALT CO COM 458,205 458,205
T MOBILE US INC COM 907,200 907,200
AMAZON.COM INC COM 1,806,000 1,806,000
DOLLAR GENERAL CORP NEW COM 666,106 666,106
HOME DEPOT INC COM 1,082,768 1,082,768
TJX COS INC NEW COM 705,654 705,654
COSTCO WHOLESALE CORP NEW COM 517,671 517,671
MONDELEZ INTL INC COM 719,420 719,420
PEPSICO INC COM 662,842 662,842
CHEVRON CORP NEW COM 688,883 688,883
CONOCOPHILLIPS COM 515,660 515,660
PIONEER NAT RES CO COM 1,024,786 1,024,786
BLACKROCK INC COM 495,332 495,332
BLACKSTONE INC 673,942 673,942
CME GROUP INC COM 308,405 308,405
INTERCONTINENTAL EXCHANGE INC COM 471,401 471,401
JPMORGAN CHASE & CO COM 634,829 634,829
PNC FINL SERVICES GROUP INC COM 726,524 726,524
S&P GLOBAL INC COM 869,504 869,504
SVB FINANCIAL GROUP COM 312,530 312,530
SCHWAB CHARLES CORP NEW COM 1,221,091 1,221,091
US BANCORP DEL COM NEW 627,853 627,853
AMERICAN TOWER CORPORATION 524,142 524,142
PROLOGIS INC COM 441,563 441,563
ABBOTT LABORATORIES COM 664,888 664,888
ASTRAZENECA PLC SPONSORED ADR 982,490 982,490
DANAHER CORP COM 1,038,323 1,038,323
IQVIA HOLDINGS INC COM 485,589 485,589
STRYKER CORP COM 739,093 739,093
THERMO FISHER CORP COM 843,106 843,106
UNITEDHEALTH GROUP INC COM 1,774,512 1,774,512
ZOETIS INC CLASS A 490,649 490,649
TE CONNECTIVITY LTD REG SHARES 635,992 635,992
ADOBE INC 583,880 583,880
ANALOG DEVICES INC COM 734,690 734,690
APPLE INC COM 1,502,900 1,502,900
AUTOMATIC DATA PROCESSING INC COM 414,183 414,183
CISCO SYSTEMS INC COM 936,888 936,888
FIDELITY NATIONAL INFORMATION SERVICES INC COM 435,258 435,258
FISERV INC COM 587,722 587,722
MISCROSOFT CORP COM 3,112,864 3,112,864
QUALCOMM INC COM 538,156 538,156
ROPER TECHNOLOGIES, INC. 814,058 814,058
SALESFORCE INC 689,998 689,998
VISA INC COM CLASS A 1,706,748 1,706,748
AMERICAN WATER WORKS CO INC NEW COM 186,410 186,410
NEXTERA ENERGY INC COM 1,245,055 1,245,055
ABBVIE INC 4,205,092 4,205,092
ARES MANAGEMENT CORPORATION 2,698,452 2,698,452
BROADCOM INC 4,029,091 4,029,091
CME GROUP INC 3,070,097 3,070,097
CONOCOPHILLIPS 4,237,852 4,237,852
CUMMINS INC 3,125,299 3,125,299
ENTERPRISE PRODUCTS PARTNERS LP 3,699,140 3,699,140
GENUINE PARTS CO 4,362,041 4,362,041
HOME DEPOT INC 2,767,881 2,767,881
INTERPUBLIC GROUP COS INC 2,314,945 2,314,945
JOHNSON & JOHNSON 3,334,799 3,334,799
KEURIG DR PEPPER INC 3,142,680 3,142,680
KEYCORP NEW 2,776,522 2,776,522
LAMAR ADVERTISING CO NEW 3,437,482 3,437,482
M D C HOLDINGS INC 1,530,609 1,530,609
OLD REPUBLIC INTERNATIONAL CORP 2,986,631 2,986,631
PAYCHEX INC 2,177,959 2,177,959
PROCTER & GAMBLE CO 3,698,367 3,698,367
PUBLIC SERVICE ENTERPRISE GROUP INC 3,450,726 3,450,726
SNAP ON INC 2,726,571 2,726,571
TARGET CORP 2,745,019 2,745,019
TEXAS INSTRUMENTS INC. 1,488,632 1,488,632
UNION PAC CORP 2,482,355 2,482,355
UNITED PARCEL SERVICE CLASS B 2,478,089 2,478,089
UNILEVER PLC 2,847,997 2,847,997

TY 2022 InvestmentsGovtObligationsSch
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
US Government Securities - End of Year Book Value:

152,603,489
US Government Securities - End of Year Fair Market Value:

152,603,489
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:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PINEBROOK CAPITAL PARTNERS II LP FMV 428,648 428,648
ATLAS POINT PRIVATE CREDIT OPPORTUNITIES FUND, LLC FMV 58,000 58,000
EXCEL VENTURE FUND II, LP FMV 261,913 261,913
WISHBONE ACQUISITIONS LLC FMV 425,083 425,083
GMO BENCHMARK FREE ALLOCATION FUND FMV 92,357,446 92,357,446
BLACKSTONE TACTICAL OPPORTUNITIES FUND II FMV 2,457,293 2,457,293
ELLIOT CO-INVESTMENT FMV 7,000,177 7,000,177
OAKTREE OPPORTUNITIES FUND X FMV 2,010,920 2,010,920
OAKTREE OPPORTUNITIES FUND XB FMV 6,931,552 6,931,552
OAKTREE OPPORTUNITIES FUND XI FMV 12,144,478 12,144,478
PE PREMIER GA MAP OFFSHORE FMV 753,647 753,647
POINTER OFFSHORE II LTD CLASS P1 SER 1 FMV 2,853,523 2,853,523
PRIVATE ADVISOR SMALL COMPANY PEF IX FMV 8,095,850 8,095,850
PRIVATE ADVISOR SMALL COMPANY PEF VIII FMV 11,585,422 11,585,422
RRE VENTURES VII, L.P. FMV 441,040 441,040
SCHRODER FOCUS FUND II (CAYMAN) LTD FMV 24,306,756 24,306,756
ACL ALTERNATIVE FUND - CLASS A FMV 106,811,107 106,811,107
AHL (CAYMAN) SPC CLASS A1 EVOLUTION FMV 53,851,384 53,851,384
BREVEN HOWARD LTD CLASS J FMV 41,858,892 41,858,892
EXODUS POINT PARTNERS INTL FUND FMV 17,111,475 17,111,475
GRAHAM ABSOLUTE RETURN LTD FMV 73,013,846 73,013,846
MILLENIUM INTERNATIONAL LTD CLASS EE FMV 4,900,103 4,900,103
MILLENIUM INTERNATIONAL LTD CLASS GG FMV 110,066,389 110,066,389
POINTER OFFSHORE II LTD AE SER 1 FMV 48,082,733 48,082,733
WEATHERLOW OFFSHORE FUND I LTD CLASS IA FMV 31,878,154 31,878,154
WMQS GLOBAL EQUITY OFFSHORE CL F-2 SERIES 01A FMV 50,184,274 50,184,274

TY 2022 LandEtcSchedule2
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
EQUIPMENT 380,026 352,157 27,869 27,869
COMPUTER SOFTWARE 479,400 479,400 0  
LEASEHOLD IMPROVEMENT 1,304,321 661,173 643,148 643,148


TY 2022 LegalFeesSchedule
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 835,783 83,578   765,128


TY 2022 OtherAssetsSchedule
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSITS 4,903 4,903 4,903
457(B) AND 457(F) PLAN ASSETS 70,582 171,463 171,463
RIGHT OF USE ASSET (NET) 0 702,364 702,364


TY 2022 OtherDecreasesSchedule
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Description Amount
UNREALIZED LOSS ON INVESTMENTS 124,376,035


TY 2022 OtherExpensesSchedule
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 124,570 0   126,056
OFFICE SUPPLIES 39,216 0   39,216
POSTAGE & DELIVERY 475 0   475
TELEPHONE & FAX 15,126 0   14,564
SUBSCRIPTIONS & MEMBERSHIPS 6,961 0   12,316
EQUIPMENT RENTAL & MAINTENANCE 19,379 0   24,252
OTHER FEES 3,643 0   3,684
PARTNERSHIP EXPENSES 0 9,237,774   0
BANK FEES 6,536 6,536   0
AMORTIZATION 146,472 0   0


TY 2022 OtherIncomeSchedule2
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP ORDINARY INCOME   -2,020  
PARTNERSHIP ROYALTIES   36,523  
PARTNERSHIP OTHER INCOME   291,010  
PARTNERSHIP RENTAL INCOME   2,564  
OTHER INCOME 124   124
EXCISE TAX REFUND 1,176,905   1,176,905


TY 2022 OtherIncreasesSchedule
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Description Amount
GRANTS RETURNED 2,476,813


TY 2022 OtherLiabilitiesSchedule
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED RENT 77,586 0
DEFERRED LEASEHOLD INCENTIVE 131,427 0
DEFERRED TAX LIABILITY 3,647,101 1,926,797
457(B) AND 457(F) PLAN LIABILITIES 70,582 171,463
LEASE LIABILITY 0 881,860


TY 2022 OtherProfessionalFeesSchedule
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 16,910 12,101   8,067
RETIREMENT MANAGEMENT 21,658 0   22,975
INVESTMENT FEES - ATLANTIC TRUST 222,312 223,700   0
INVESTMENT FEES - FSTC 2,862,781 2,862,781   0
CONSULTING - MANAGEMENT 339,020 341,599   20,100
CONSULTING-COMPUTER SUPPORT 124,801 0   122,229
CONSULTING - GRANTEES 239,989 0   234,336


TY 2022 TaxesSchedule
Name:
DIANA DAVIS SPENCER FOUNDATION INC
EIN:
20-3672969
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 169,963 85,106   85,106
WORKERS COMP PREMIUMS 12,935 5,061   5,061