TY 2022 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
Donnie Williams Foundation Inc

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)145 East Carroll Street Unit 201
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Salisbury, MD20801

A Employer identification number

45-5442255

B Telephone number (see instructions)

(410) 749-5350

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$21,565,530J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	672		672
4	Dividends and interest from securities...	337,684		337,684
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		178,132
b	Gross sales price for all assets on line 6a 14,035,307
7	Capital gain net income (from Part IV, line 2)...			178,132
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).......	List of Attached Documents: // Content	46,829	60,400
12	Total. Add lines 1 through 11........	563,317		576,888
13	Compensation of officers, directors, trustees, etc.	60,000				60,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	5,040	2,130	0	2,910
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	6,498	2,410	0	4,088
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	148,378	148,378
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	13,075	4,475
19	Depreciation (attach schedule) and depletion...				0
20	Occupancy..............	191		191
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	135,307	66,994		68,313
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	368,489		224,578	0	135,311
25	Contributions, gifts, grants paid.......	300,590				300,590
26	Total expenses and disbursements. Add lines 24 and 25	669,079		224,578	0	435,901
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-105,762
b	Net investment income (if negative, enter -0-)			352,310
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	1,123,382	744,030	744,030
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	265,510
	b	Investments—corporate stock (attach schedule).......	12,313,757	List of Attached Documents: // Content 12,425,512	12,784,040
	c	Investments—corporate bonds (attach schedule).......	2,188,274	List of Attached Documents: // Content 2,553,719	2,298,802
	11	Investments—land, buildings, and equipment: basis 1,027,000
		Less: accumulated depreciation (attach schedule)	1,027,000	List of Attached Documents: // Content 1,027,000	507,000
	12	Investments—mortgage loans.............	669,967	495,769	500,415
	13	Investments—other (attach schedule)..........	2,254,136	List of Attached Documents: // Content 2,490,234	4,731,243
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	19,842,026	19,736,264	21,565,530
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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	19,842,026	19,736,264
	29	Total net assets or fund balances (see instructions).....	19,842,026	19,736,264
	30	Total liabilities and net assets/fund balances (see instructions).	19,842,026	19,736,264

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

19,842,026

Enter amount from Part I, line 27a .....................

-105,762

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

19,736,264

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

19,736,264

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	Passthrough K1 Capital Gain/(Loss)
c	PURA VIDA HOLDINGS LLC - 0% - 07/31/2022	D	2021-12-31	2022-07-27
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	13,994,890	13,802,712	192,178
b			-14,046
c	40,417	40,417
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			192,178
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	178,132
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 ...................		3

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	4,897
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	4,897
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	4,897
6	Credits/Payments:

a	2022 estimated tax payments and 2021 overpayment credited to 2022	6a	26,418
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	26,418
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	21,521
11	Enter the amount of line 10 to be: Credited to 2023 estimated tax4,900	Refunded	11	16,621

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2022)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2022)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
Allen Brown List of Attached Documents: // Content	Dir 1.0	12,000
145 East Carroll Street Unit 201 Salisbury,MD20801	Dir 1.0	12,000
Mark Granger List of Attached Documents: // Content	Dir, Pres, Treas 4.0	12,000
145 East Carroll Street Unit 201 Salisbury,MD20801	Dir, Pres, Treas 4.0	12,000
Greg Johnson List of Attached Documents: // Content	Dir 1.0	12,000
145 East Carroll Street Unit 201 Salisbury,MD20801	Dir 1.0	12,000
Kenneth Kirk Kinnamon List of Attached Documents: // Content	Dir 1.0	12,000
145 East Carroll Street Unit 201 Salisbury,MD20801	Dir 1.0	12,000
Kimberly Roemer List of Attached Documents: // Content	Dir, Sec 4.0	12,000
145 East Carroll Street Unit 201 Salisbury,MD20801	Dir, Sec 4.0	12,000

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










Total number of other employees paid over $50,000...................

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	Investment MGMT	148,602
1290 Ave of the Americas 12th FL NEW YORK,NY10104	Investment MGMT	148,602
Foundation Source	Administrative	65,831
55 Walls Drive 3rd Fl Fairfield,CT06824	Administrative	65,831

Total number of others receiving over $50,000 for professional services............. right arrow

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 arrow

Form 990-PF (2022)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

15,819,930

Average of monthly cash balances.......................

1,081,783

Fair market value of all other assets (see instructions)................

5,761,660

Total (add lines 1a, b, and c).........................

22,663,373

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

22,663,373

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

339,951

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

22,323,422

Minimum investment return. Enter 5% (0.05) of line 5................

1,116,171

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.)

Minimum investment return from Part IX, line 6..................

1,116,171

Tax on investment income for 2022 from Part V, line 5.......

4,897

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

4,897

Distributable amount before adjustments. Subtract line 2c from line 1............

1,111,274

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,111,274

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,111,274

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

435,901

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

435,901

Form 990-PF (2022)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2021	(d) 2022
1 Distributable amount for 2022 from Part X, line 7				1,111,274
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......			347,524
b Total for prior years:2020, 2019, 2018
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 ........
4Qualifying distributions for 2022 from Part
XI, line 4: $ 435,901
a Applied to 2021, but not more than line 2a			347,524
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2022 distributable amount.....				88,377
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2022.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2021. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2022. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2023 ..........				1,022,897
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) .......
8 Excess distributions carryover from 2017 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2023. Subtract lines 7 and 8 from line 6a ......		0
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....	0

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 4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

Mark Granger
101 Williamsport Circle
Salisbury,MD21804
(410) 749-5350
premiersupport@foundationsource.com

bThe form in which applications should be submitted and information and materials they should include:

FORM IS ON WEBSITE: WWW.DWFSBY.ORG

cAny submission deadlines:

N/A

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

CRITERIA ON WEBSITE

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ART LEAGUE OF OCEAN CITY INC 502 94TH ST OCEAN CITY,MD21842	N/A	PC	Art Adventure Camp	10,000
BETHESDA UNITED METHODIST CHURCH 406 N DIVISION ST SALISBURY,MD21801	N/A	PC	General & Unrestricted	2,500
DELMARVA DISCOVERY CENTER & MUSEUM INC 2 MARKET ST POCOMOKE CITY,MD21851	N/A	PC	The Age of Aquariums	10,000
EASTERSEALS DELAWARE & MARYLANDS EASTERN SHORE INC 61 CORPORATE CIR NEW CASTLE,DE19720	N/A	PC	Salisbury Children's Therapy Therapist Position Support	35,000
ELEVEN 21 INC 7545 LEVIN DASHIELL RD HEBRON,MD21830	N/A	PC	Eopoch Dream Center After-School & Summer Program	50,000
GIRL SCOUTS OF THE CHESAPEAKE BAY COUNCIL INC 225 OLD BALTIMORE PIKE NEWARK,DE19702	N/A	PC	Girl Scout Leadership Experience	17,500
ROTARY CLUB OF SALISBURY FOUNDATION INC PO BOX 735 SALISBURY,MD21803	N/A	PC	General & Unrestricted	7,000
SALISBURY URBAN MINISTRIES PO BOX 1792 SALISBURY,MD21802	N/A	PC	Salisbury Urban Ministries Kid's Cafe	15,000
THE CHILD & FAMILY FOUNDATION INC 200 W MAIN ST SALISBURY,MD21801	N/A	PC	1 Year to Empowerment	20,000
UNITED WAY OF THE LOWER EASTERN SHORE INC 803 N SALISBURY BLVD STE 2100 SALISBURY,MD21801	N/A	PC	Dolly Parton's Imagination Library	37,500
VILLAGE OF HOPE INC 1001 LAKE ST SALISBURY,MD21801	N/A	PC	General & Unrestricted	21,000
WICOMICO COUNTY 500 GLEN AVE SALISBURY,MD21804	N/A	GOV	Inclusive Playground Project	20,000
WICOMICO COUNTY BOARD OF EDUCATION 900 MOUNT HERMON RD SALISBURY,MD21802	N/A	GOV	Second Grade Environmental Education Materials to Support the Field Trip to Hazel Outdoor Discovery Center	17,245
WICOMICO COUNTY BOARD OF EDUCATION 900 MOUNT HERMON RD SALISBURY,MD21802	N/A	GOV	Guitar--based Music Learning	4,845
WOR-WIC COMMUNITY COLLEGE FOUNDATION 32000 CAMPUS DR SALISBURY,MD21804	N/A	PC	Summer Scholars Fund	25,000
WORCESTER COUNTY G O L D INC PO BOX 335 SNOW HILL,MD21863	N/A	PC	Summer Activities for At-Risk Youth	8,000
Total ................................. 3a				300,590

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	672
4 Dividends and interest from securities ....			14	337,684
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	178,132
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss	525990	-13,571	14	36,597
bLAWSUIT PROCEEDS			01	7,748
cMORTGAGE RECEIVABLE			14	16,055
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		-13,571		576,888

13Total. Add line 12, columns (b), (d), and (e)..................

563,317

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2022)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2022 AccountingFeesSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	6,498	2,410		4,088

- TIN:

TY 2022 CompensationExplanation

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Person Name	Explanation
Mark Granger	*MARK GRANGER, DIRECTOR/PRESIDENT/TREASURER OF DONNIE WILLIAMS FOUNDATION INC. (THE "FOUNDATION"), IS A PARTNER AT THE ACCOUNTING FIRM OF GRANGER & MAGEE PA, A DISQUALIFIED PERSON WHICH PROVIDES ACCOUNTING SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2022, THE FOUNDATION PAID $6,498 FOR ACCOUNTING SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16B. SUCH ACCOUNTING FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS.
Kenneth Kirk Kinnamon	*KENNETH KIRK KINNAMON, DIRECTOR OF DONNIE WILLIAMS FOUNDATION, INC. (THE "FOUNDATION") IS AN OWNER AT THE CONSTRUCTION FIRM OF KIRK KINNAMON CONSTRUCTION, A DISQUALIFIED PERSON WHICH PROVIDES PROPERTY MANAGEMENT SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31,2022, THE FOUNDATION PAID $8,955 FOR REAL ESTATE CONSULTING AND PROPERTY MANAGEMENT SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16C AND 23 RESPECTIVELY. SUCH PROPERTY MANAGEMENT FIRM BILLED THE FOUNDATION AT OR BELOW MARKET RATE.

Person Name

Explanation

Mark Granger

*MARK GRANGER, DIRECTOR/PRESIDENT/TREASURER OF DONNIE WILLIAMS FOUNDATION INC. (THE "FOUNDATION"), IS A PARTNER AT THE ACCOUNTING FIRM OF GRANGER & MAGEE PA, A DISQUALIFIED PERSON WHICH PROVIDES ACCOUNTING SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2022, THE FOUNDATION PAID $6,498 FOR ACCOUNTING SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16B. SUCH ACCOUNTING FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS.

Kenneth Kirk Kinnamon

*KENNETH KIRK KINNAMON, DIRECTOR OF DONNIE WILLIAMS FOUNDATION, INC. (THE "FOUNDATION") IS AN OWNER AT THE CONSTRUCTION FIRM OF KIRK KINNAMON CONSTRUCTION, A DISQUALIFIED PERSON WHICH PROVIDES PROPERTY MANAGEMENT SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31,2022, THE FOUNDATION PAID $8,955 FOR REAL ESTATE CONSULTING AND PROPERTY MANAGEMENT SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16C AND 23 RESPECTIVELY. SUCH PROPERTY MANAGEMENT FIRM BILLED THE FOUNDATION AT OR BELOW MARKET RATE.

- TIN:

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

TY 2022 DepreciationSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Description of Property	Cost or Other Basis	Computation Method
PARCEL #13-061726	7,000	L
PARCEL #16-002836	157,129	L
PARCEL #16-002844	7,990	L
PARCEL #16-002852	7,990	L
PARCEL #16-002860	7,990	L
PARCEL #16-002879	7,990	L
PARCEL #16-002887	7,990	L
PARCEL #16-002895	7,990	L
PARCEL #16-002909	7,990	L
PARCEL #16-002917	21,305	L
PARCEL #16-003522	2,663	L
PARCEL #16-003530	3,995	L
PARCEL #16-003549	2,663	L
PARCEL #16-003557	3,995	L
PARCEL #16-003565	3,995	L
PARCEL #16-006858	15,979	L
PARCEL #16-006866	15,979	L
PARCEL #16-006874	11,984	L
PARCEL #16-007935	3,995	L
PARCEL #16-007943	3,995	L
PARCEL #16-007951	3,995	L
PARCEL #16-007978	3,995	L
PARCEL #16-007986	3,995	L
PARCEL #16-007994	3,995	L
PARCEL #16-008168	2,663	L
PARCEL #16-008184	2,663	L
PARCEL #16-008206	2,663	L
PARCEL #16-008214	1,332	L
PARCEL #16-008222	2,663	L
PARCEL #16-008230	2,663	L
PARCEL #16-008249	2,663	L
PARCEL #16-008257	2,663	L
PARCEL #16-008265	2,663	L
PARCEL #16-008273	2,663	L
PARCEL #16-008281	2,663	L
PARCEL #16-008303	2,663	L
PARCEL #16-008311	2,663	L
PARCEL #16-008338	2,663	L
PARCEL #16-008346	2,663	L
PARCEL #16-008354	2,663	L
PARCEL #16-008362	2,663	L
PARCEL #16-008370	2,663	L
PARCEL #16-008389	2,663	L
PARCEL #16-008397	2,663	L
PARCEL #16-008400	2,663	L
PARCEL #16-008419	2,663	L
PARCEL #16-008427	2,663	L
PARCEL #16-008435	2,663	L
PARCEL #16-008443	2,663	L
PARCEL #16-008451	2,663	L
PARCEL #16-008478	2,663	L
PARCEL #16-008486	2,663	L
PARCEL #16-008494	2,663	L
PARCEL #16-008508	2,663	L
PARCEL #16-008516	2,663	L
PARCEL #16-008524	2,663	L
PARCEL #16-008532	3,995	L
PARCEL #16-008540	3,995	L
PARCEL #16-016276	13,316	L
PARCEL #16-016365	21,305	L
PARCEL #16-016373	2,663	L
PARCEL #16-016381	2,663	L
PARCEL #16-016403	2,663	L
PARCEL #16-016411	2,663	L
PARCEL #16-016438	2,663	L
PARCEL #16-016446	2,663	L
PARCEL #16-016454	2,663	L
PARCEL #16-016462	2,663	L
PARCEL #16-016470	2,663	L
PARCEL #16-016500	2,663	L
PARCEL #16-016527	2,663	L
PARCEL #16-016543	2,663	L
PARCEL #16-016578	2,663	L
PARCEL #16-016594	2,663	L
PARCEL #16-016616	2,663	L
PARCEL #16-016632	2,663	L
PARCEL #16-016659	2,663	L
PARCEL #16-016675	2,663	L
PARCEL #16-016691	2,663	L
PARCEL #16-016713	3,995	L
PARCEL #16-016721	3,995	L
PARCEL #16-016748	5,326	L
PARCEL #16-016756	5,326	L
PARCEL #16-016764	7,990	L
PARCEL #16-016772	5,326	L
PARCEL #16-016780	5,326	L
PARCEL #16-016799	5,326	L
PARCEL #16-016802	5,326	L
PARCEL #16-016810	6,658	L
PARCEL #16-016829	6,658	L
PARCEL #16-016837	6,658	L
PARCEL #16-016845	6,658	L
PARCEL #16-016853	6,658	L
PARCEL #16-016861	6,658	L
PARCEL #16-016888	6,658	L
PARCEL #16-016896	6,658	L
PARCEL #16-016918	7,990	L
PARCEL #16-016926	7,990	L
PARCEL #16-016934	7,990	L
PARCEL #16-016942	7,990	L
PARCEL #16-016950	7,990	L
PARCEL #16-018376	173,108	L
PARCEL #16-020559	9,321	L
PARCEL #16-020567	11,984	L
PARCEL #16-027332	5,326	L
PARCEL #16-028800	54,596	L
PARCEL #16-028819	59,923	L
PARCEL #16-028827	67,912	L

- TIN:

TY 2022 GeneralExplanationAttachment

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Identifier	Return Reference	Explanation
FORM 8865	FORM 8865	THE FOUNDATION HAS PREPARED THESE FORMS TO THE BEST OF ITS ABILITY BASED ON THE LIMITED INFORMATION PROVIDED TO IT BY THE INVESTMENT ON WHICH THE FOUNDATION IS REPORTING AND ON THE BASIS OF HAVING RECEIVED NO INFORMATION TO THE CONTRARY. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT A WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION.
Form 926	FORM 926	THE FOUNDATION HAS PREPARED THIS FORM TO THE BEST OF ITS ABILITY BASED ON THE LIMITED INFORMATION PROVIDED TO IT BY THE INVESTMENT ON WHICH THE FOUNDATION IS REPORTING AND ON THE BASIS OF HAVING RECEIVED NO INFORMATION TO THE CONTRARY. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT A WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION.
Form 8858	Form 8858	THE FOUNDATION HAS PREPARED THESE FORMS TO THE BEST OF ITS ABILITY BASED ON THE INFORMATION PROVIDED TO IT BY THE FOREIGN DISREGARDED ENTITY ON WHICH THE FOUNDATION IS REPORTING. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT A WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION.

- TIN:

TY 2022 InvestmentsCorpBondsSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ALLY FINL - 5.125% - 09/30/202	52,562	49,528
ALLY FINL INC - 3.050% - 06/05	50,614	49,568
ALLY FINL INC BOND PERPETUAL -	46,810	33,438
BARCLAYS BANK PLC SER A 11/24	200,000	171,720
BARCLAYS BANK PLC SER A 01/25	200,000	175,639
CAPITAL ONE FINL CORP - 3.200%	96,692	100,000
CITIGROUP GLOBAL MKTS HLDGS IN	200,000	198,759
CREDIT SUISSE NEW YORK BRANCH	199,999	171,540
DISCOVER FINL SVCS - 5.500% -	99,750	83,582
EDISON INTL BOND PERPETUAL - 5	125,775	106,391
GENL MOTORS FINL CO INC - 4.25	103,600	99,585
GOLDMAN SACHS GROUP INC - 4.00	104,517	98,686
GOODYEAR TIRE & RUBR - 5.000%	102,250	94,324
HUNTINGTON BANCSHARES INC BOND	50,255	46,626
KRAFT HEINZ FOODS - 3.000% - 0	102,181	93,707
MICRON TECHNOLOGY INC - 4.185%	75,476	71,319
MORGAN STANLEY FIN LLC SER A M	200,000	170,130
SVB FINANCIAL GROUP BOND PERPE	50,720	31,564
THOMSON REUTERS CORP NT - 4.30	130,127	124,120
UNITED RENTALS INC - 3.875% -	51,025	42,277
WALGREENS BOOTS ALLIANCE - 3.4	103,229	95,143
WELLS FARGO & CO - 3.000% - 10	105,200	92,539
WHIRLPOOL CORP SR NT - 4.000%	102,937	98,617

- TIN:

TY 2022 InvestmentsCorpStockSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACCENTURE PLC	261,844	218,809
AIR LEASE CORP - PFD CLASS A	48,152	48,040
ALPHABET INC CL A	369,958	378,595
AMAZON COM	504,156	356,496
AMERICAN ELECTRIC POWER INC	291,524	289,313
AMGEN INC	264,862	243,205
ANGEL OAK MULTI-STRATEGY INCOM	295,039	243,815
APPLE INC	528,939	747,616
BERKSHIRE HATHAWAY INC. CLASS	305,817	369,444
BLACKROCK INC	187,637	193,456
CITIGROUP INC PFD SER D - 6.87	28,290	25,030
COMCAST CORP	173,207	188,628
COSTCO WHOLESALE CORPORATION	123,931	167,079
EATON CORP PLC	337,025	333,676
ELI LILLY & CO	201,233	200,480
ESTEE LAUDER COMPANIES INC	226,712	233,472
EXXON MOBIL CORP	381,149	423,001
GS AUTO CALL TRIGGER PLUS SPX	300,000	296,400
GS TRIGGER PLUS SX5E	150,000	145,185
GS WORSTOF AUTO-CALLABLE NKY	300,000	250,560
GS WORSTOF AUTO-CALLABLE RTY	100,000	93,740
GS WORSTOF AUTO-CALLABLE SPX	200,000	170,800
GUGGENHEIM MACRO OPPORTUNITIES	294,208	255,911
HOME DEPOT INC	151,050	207,520
HONEYWELL INTL	415,261	416,599
ISHARES BARCLAYS TIPS BOND FUN	183,925	152,529
JP MORGAN CHASE	455,690	501,667
MASTERCARD INC	120,273	121,706
MERCHANTS BANCORP IND 6.000% P	49,140	40,660
MICROSOFT CORP	599,445	748,957
MONSTER BEVERAGE CORP	169,741	175,850
NETFLIX INC	104,516	162,184
NIKE INC-CL B	123,138	135,732
NORTHROP GRUMMAN CORP	304,315	310,452
PIMCO MORTGAGE OPPORTUNITIES F	298,496	258,296
PROCTER GAMBLE CO	98,871	129,584
PROLOGIS	221,999	196,714
PRUDENTIAL SHORT-TERM CORPOROR	51,770	46,533
QUALCOMM INC	312,325	310,031
ROCKWELL AUTOMATION INC	306,010	307,023
SALESFORCE.COM	269,208	248,076
SBA COMMUNICATIONS CORP	186,665	185,846
SERVICE NOW	117,117	119,199
SPDR GOLD SHARES	92,605	94,150
STRYKER CORPORATION	267,830	303,168
SYNCHRONY FINANCIAL 5.625% A	49,997	34,300
T-MOBILE US INC	234,489	220,220
THE COCA-COLA CO	353,045	363,658
THERMO FISHER SCIENTIFIC INC	232,459	256,622
TJX COMPANIES INC	181,526	192,234
UNITEDHEALTH GROUP INC	321,672	391,803
VERIZON COMMUNICATIONS	75,659	77,618
VISA INC	203,592	202,358

- TIN:

TY 2022 InvestmentsLandSchedule2

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category/ Item	Cost/Other Basis	Book Value	End of Year Fair Market Value
PARCEL #13-061726	7,000	7,000	7,000
PARCEL #16-002836	157,129	157,129	157,129
PARCEL #16-002844	7,990	7,990	7,990
PARCEL #16-002852	7,990	7,990	7,990
PARCEL #16-002860	7,990	7,990	7,990
PARCEL #16-002879	7,990	7,990	7,990
PARCEL #16-002887	7,990	7,990	7,990
PARCEL #16-002895	7,990	7,990	7,990
PARCEL #16-002909	7,990	7,990	7,990
PARCEL #16-002917	21,305	21,305	21,305
PARCEL #16-003522	2,663	2,663	2,663
PARCEL #16-003530	3,995	3,995	3,995
PARCEL #16-003549	2,663	2,663	2,663
PARCEL #16-003557	3,995	3,995	3,995
PARCEL #16-003565	3,995	3,995	3,995
PARCEL #16-006858	15,979	15,979	15,979
PARCEL #16-006866	15,979	15,979	15,979
PARCEL #16-006874	11,984	11,984	11,984
PARCEL #16-007935	3,995	3,995	3,995
PARCEL #16-007943	3,995	3,995	3,995
PARCEL #16-007951	3,995	3,995	3,995
PARCEL #16-007978	3,995	3,995	3,995
PARCEL #16-007986	3,995	3,995	3,995
PARCEL #16-007994	3,995	3,995	3,995
PARCEL #16-008168	2,663	2,663	2,663
PARCEL #16-008184	2,663	2,663	2,663
PARCEL #16-008206	2,663	2,663	2,663
PARCEL #16-008214	1,332	1,332	1,332
PARCEL #16-008222	2,663	2,663	2,663
PARCEL #16-008230	2,663	2,663	2,663
PARCEL #16-008249	2,663	2,663	2,663
PARCEL #16-008257	2,663	2,663	2,663
PARCEL #16-008265	2,663	2,663	2,663
PARCEL #16-008273	2,663	2,663	2,663
PARCEL #16-008281	2,663	2,663	2,663
PARCEL #16-008303	2,663	2,663	2,663
PARCEL #16-008311	2,663	2,663	2,663
PARCEL #16-008338	2,663	2,663	2,663
PARCEL #16-008346	2,663	2,663	2,663
PARCEL #16-008354	2,663	2,663	2,663
PARCEL #16-008362	2,663	2,663	2,663
PARCEL #16-008370	2,663	2,663	2,663
PARCEL #16-008389	2,663	2,663	2,663
PARCEL #16-008397	2,663	2,663	2,663
PARCEL #16-008400	2,663	2,663	2,663
PARCEL #16-008419	2,663	2,663	2,663
PARCEL #16-008427	2,663	2,663	2,663
PARCEL #16-008435	2,663	2,663	2,663
PARCEL #16-008443	2,663	2,663	2,663
PARCEL #16-008451	2,663	2,663	2,663
PARCEL #16-008478	2,663	2,663	2,663
PARCEL #16-008486	2,663	2,663	2,663
PARCEL #16-008494	2,663	2,663	2,663
PARCEL #16-008508	2,663	2,663	2,663
PARCEL #16-008516	2,663	2,663	2,663
PARCEL #16-008524	2,663	2,663	2,663
PARCEL #16-008532	3,995	3,995	3,995
PARCEL #16-008540	3,995	3,995	3,995
PARCEL #16-016276	13,316	13,316	13,316
PARCEL #16-016365	21,305	21,305	21,305
PARCEL #16-016373	2,663	2,663	2,663
PARCEL #16-016381	2,663	2,663	2,663
PARCEL #16-016403	2,663	2,663	2,663
PARCEL #16-016411	2,663	2,663	2,663
PARCEL #16-016438	2,663	2,663	2,663
PARCEL #16-016446	2,663	2,663	2,663
PARCEL #16-016454	2,663	2,663	2,663
PARCEL #16-016462	2,663	2,663	2,663
PARCEL #16-016470	2,663	2,663	2,663
PARCEL #16-016500	2,663	2,663	2,663
PARCEL #16-016527	2,663	2,663	2,663
PARCEL #16-016543	2,663	2,663	2,663
PARCEL #16-016578	2,663	2,663	2,663
PARCEL #16-016594	2,663	2,663	2,663
PARCEL #16-016616	2,663	2,663	2,663
PARCEL #16-016632	2,663	2,663	2,663
PARCEL #16-016659	2,663	2,663	2,663
PARCEL #16-016675	2,663	2,663	2,663
PARCEL #16-016691	2,663	2,663	2,663
PARCEL #16-016713	3,995	3,995	3,995
PARCEL #16-016721	3,995	3,995	3,995
PARCEL #16-016748	5,326	5,326	5,326
PARCEL #16-016756	5,326	5,326	5,326
PARCEL #16-016764	7,990	7,990	7,990
PARCEL #16-016772	5,326	5,326	5,326
PARCEL #16-016780	5,326	5,326	5,326
PARCEL #16-016799	5,326	5,326	5,326
PARCEL #16-016802	5,326	5,326	5,326
PARCEL #16-016810	6,658	6,658	6,658
PARCEL #16-016829	6,658	6,658	6,658
PARCEL #16-016837	6,658	6,658	6,658
PARCEL #16-016845	6,658	6,658	6,658
PARCEL #16-016853	6,658	6,658	6,658
PARCEL #16-016861	6,658	6,658	6,658
PARCEL #16-016888	6,658	6,658	6,658
PARCEL #16-016896	6,658	6,658	6,658
PARCEL #16-016918	7,990	7,990	7,990
PARCEL #16-016926	7,990	7,990	7,990
PARCEL #16-016934	7,990	7,990	7,990
PARCEL #16-016942	7,990	7,990	7,990
PARCEL #16-016950	7,990	7,990	7,990
PARCEL #16-018376	173,108	173,108	173,108
PARCEL #16-020559	9,321	9,321	9,321
PARCEL #16-020567	11,984	11,984	11,984
PARCEL #16-027332	5,326	5,326	5,326
PARCEL #16-028800	54,596	54,596	54,596
PARCEL #16-028819	59,923	59,923	59,923
PARCEL #16-028827	67,912	67,912	67,912

- TIN:

TY 2022 InvestmentsOtherSchedule2

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category/ Item	Book Value	End of Year Fair Market Value
ASHBRIDGE TRANSFORMATIONAL SEC	269,210	331,384
ATLANTIC UNION BANKSHARES	759	20
CAMDEN LANDING LLC	1	1
HSB BANCORP INC	105,425	147,595
MESA WEST REAL ESTATE INCOME F	147,874	152,182
MILLENIUM INTL LTD CLASS HH-C	1,000,000	1,516,419
Z CAPITAL PARTNERS II-A, L.P	966,965	2,583,642

- TIN:

TY 2022 LegalFeesSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	5,040	2,130		2,910

- TIN:

TY 2022 OtherExpensesSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	65,831		65,831
INDEMNIFICATION INSURANCE	1,726		1,726
K-1 Exp ASHBRIDGE TRANSFORMATI	802	802
K-1 Exp MESA WEST REAL ESTATE	5,252	5,252
K-1 Exp Z CAPITAL PARTNERS II-	52,773	52,773
Postage/Delivery Service	257	100	157
Property insurance	742	742
Property Maintenance	7,325	7,325
WEBSITE HOSTING	599		599

- TIN:

TY 2022 OtherIncomeSchedule2

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss ASHBRIDGE TRANSFORMATIONAL SECONDARI	414	414
K-1 Inc/Loss MESA WEST REAL ESTATE INCOME FUND V,	10,981	10,981
K-1 Inc/Loss Z CAPITAL PARTNERS II-A, L.P	11,631	25,202
Lawsuit Proceeds	7,748	7,748
Interest Income from Mortgage Receivable	16,055	16,055

- TIN:

TY 2022 OtherProfessionalFeesSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	142,548	142,548
REAL ESTATE CONSULTING	5,830	5,830

- TIN:

TY 2022 TaxesSchedule

Name:

Donnie Williams Foundation Inc

EIN:

45-5442255

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2022	8,600
Foreign Tax Paid	588	588
Property Taxes	3,887	3,887