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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE GARY W ROLLINS FOUNDATION
C/O RFA MANAGEMENT CO LLC
Number and street (or P.O. box number if mail is not delivered to street address)1908 CLIFF VALLEY WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30329
A Employer identification number

58-6263946
B Telephone number (see instructions)

(404) 486-4627
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$405,952,310J 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) 10,959,295
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 4,945,727 4,945,727  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
721,696
b Gross sales price for all assets on line 6a 823,867
7 Capital gain net income (from Part IV, line 2)... 764,956
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
316,050 54,562  
12 Total. Add lines 1 through 11........ 16,942,768 5,765,245  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 150,000 0   150,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
34,146 34,146   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,800 0   6,800
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
101,773 101,773   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
87,781 1,060   11,475
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
250,391 200,100   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 630,891 337,079   168,275
25 Contributions, gifts, grants paid....... 15,230,298 15,230,298
26 Total expenses and disbursements. Add lines 24 and 25 15,861,189 337,079   15,398,573
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,081,579
b Net investment income (if negative, enter -0-) 5,428,166
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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......... 1,993,643 4,351,297 4,368,491
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,409,035 Click to see attachment
List of Attached Documents:
// Content
11,174,706 		378,714,866
c Investments—corporate bonds (attach schedule).......      
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).......... 16,107,633 Click to see attachment
List of Attached Documents:
// Content
15,111,615 		22,868,953
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
48,192,692 		Click to see attachment
List of Attached Documents:
// Content
42,150,757 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 71,703,003 72,788,375 405,952,310
Liabilities 17 Accounts payable and accrued expenses..........   3,793
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 3,793
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...........    
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........ 71,703,003 72,784,582
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 71,703,003 72,784,582
30 Total liabilities and net assets/fund balances (see instructions). 71,703,003 72,788,375
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
71,703,003
2
Enter amount from Part I, line 27a .....................
2
1,081,579
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
72,784,582
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
72,784,582
Form 990-PF (2023)
Form 990-PF (2023)
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 CAPITAL GAIN FROM PASSTHROUGH ENTITIES P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 59,037   58,911 126
b 764,830     764,830
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       126
b       764,830
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 764,956
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  
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 75,452
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 75,452
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 75,452
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 74,455
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 99,455
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 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 24,003
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow24,003 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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 arrowGA, NY
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 2023 or the taxable year beginning in 2023? 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
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowALIYA CARBONE Telephone no.right arrow (404) 486-4627

Located atright arrow1908 CLIFF VALLEY WAYATLANTAGA ZIP+4right arrow30329
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
GARY W ROLLINS TRUSTEE
1.00 		0 0 0
1908 CLIFF VALLEY WAY
ATLANTA,GA30329
KATHLEEN ROLLINS EXECUTIVE DIRECTOR
1.00 		150,000 0 0
1908 CLIFF VALLEY WAY
ATLANTA,GA30329
DON CARSON TRUSTEE
1.00 		0 0 0
1908 CLIFF VALLEY WAY
ATLANTA,GA30329
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
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
RFA MANAGEMENT CO MANAGEMENT 100,000
1908 CLIFF VALLEY WAY
ATLANTA,GA30329
Total number of others receiving over $50,000 for professional services.............right arrow0
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 (2023)
Form 990-PF (2023)
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
312,499,009
b
Average of monthly cash balances.......................
1b
2,851,164
c
Fair market value of all other assets (see instructions)................
1c
22,427,685
d
Total (add lines 1a, b, and c).........................
1d
337,777,858
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) Click to see attachment
List of Attached Documents:
// Content
.............
1e
33,914,249
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
337,777,858
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,066,668
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
332,711,190
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
16,635,560
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
16,635,560
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
75,452
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
75,452
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
16,560,108
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
16,560,108
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
16,560,108
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
15,398,573
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
15,398,573
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 16,560,108
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 14,686,980
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 15,398,573
a Applied to 2022, but not more than line 2a 14,686,980
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 2023 distributable amount..... 711,593
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		15,848,515
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
GARY W ROLLINS
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 (2023)
Form 990-PF (2023)
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

AGAPE YOUTH & FAMILY CENTER

2210 MARIETTA BLVD NW
ATLANTA,GA30318 		N/A PC GENERAL OPERATING FUNDS 3,000

ATLANTA HISTORY CENTER

130 W PACES FERRY ROAD
ATLANTA,GA30305 		N/A PC GENERAL SUPPORT 10,000

ATLANTA HUMANE SOCIETY

981 HOWELL MILL ROAD
ATLANTA,GA30318 		N/A PC ACUTE CRISIS PROGRAM 1,024,481

ATLANTA MISSION

PO BOX 1807
ATLANTA,GA30301 		N/A PC GENERAL SUPPORT 250,124

BEST FRIENDS ANIMAL SOCIETY

5001 ANGEL CANYON ROAD
KANAB,UT84741 		N/A PC GENERAL SUPPORT 10,000

BOY SCOUTS OF AMERICA

1800 CIRCLE 75 PKWY
ATLANTA,GA30339 		N/A PC GENERAL OPERATING FUNDS 5,000

CAMP SUNSHINE

1850 CLAIRMONT RD
DECATUR,GA30033 		N/A PC GENERAL SUPPORT 3,000

CAMP TWIN LAKES

1100 SPRING ST NW SUITE 406
ATLANTA,GA30309 		N/A PC GROWING TOGETHER CAPITAL CAMPAIGN 25,000

COOK MUSEUM OF NATURAL HISTORY

PO BOX 2955
DECATUR,AL35602 		N/A PC GENERAL SUPPORT 4,000

EMORY UNIVERSITY

1762 CLIFTON ROAD
ATLANTA,GA30322 		N/A PC ALZHEIMER'S DISEASE RESEARCH CENTER 50,171

GIVING KITCHEN INITIATIVE

900 DEKALB AVE NE
ATLANTA,GA30307 		N/A PC GENERAL OPERATING FUNDS 10,000

HOMES FOR OUR TROOPS

6 MAIN STREET
TAUNTON,MA02780 		N/A PC VETERAN HOUSES IN GA AND OPERATING SUPPORT 3,632,820

LATIN AMERICAN ASSOCIATION INC

2750 BUFORD HWY NE
ATLANTA,GA30324 		N/A PC FEVER BALL SPONSOR 65,000

MEALS ON WHEELS ATLANTA

1705 COMMERCE DRIVE
ATLANTA,GA30318 		N/A PC GENERAL SUPPORT 50,000

NSORO FOUNDATION

PO BOX 724445
ATLANTA,GA31139 		N/A PC GENERAL SUPPORT 22,500

OPERATION HOME FRONT

1355 CENTRAL PKWY S STE 100
SAN ANTONIO,TX78232 		N/A PC GENERAL SUPPORT 10,000

PEACHTREE ROAD UNITED METHODIST CHURCH

3180 PEACHTREE ROAD NE
ATLANTA,GA30305 		N/A PC OPERATING FUND 63,264

PLANNED PARENTHOOD

241 PEACHTREE STREET NE SUITE 400
ATLANTA,GA30303 		N/A PC GENERAL OPERATING FUNDS 10,000

ROLLINS COLLEGE

1000 HOLT AVE 2756
WINTER PARK,FL327894499 		N/A PC WOMEN IN BUSINESS PROGRAM 2,061,851

ROLLINS EMPLOYEE RELIEF FUND

2170 PIEDMONT ROAD NE
ATLANTA,GA30324 		N/A PC GENERAL SUPPORT 10,000

SERENITY HOUSE OF ATLANTA MINISTIRES INC

PO BOX 1297
REDAN,GA30074 		N/A PC GENERAL OPERATING FUNDS 2,000

SHARE OUR STRENGTH

1030 15TH STREET NW SUITE 1100
WASHINGTON,DC20005 		N/A PC NO KIDS HUNGRY 20,000

SPECIAL OLYMPICS OF GEORGIA

1133 19TH STREET NW
WASHINGTON,DC20036 		N/A PC GENERAL SUPPORT 2,000

TED & HOLLY ROLLINS SCHOLARSHIP INC

1 NORTH MAIN ST 4TH FLOOR
GREENVILLE,SC29601 		N/A PC SCHOLARSHIP FUND 5,000

UNITED WAY

100 EDGEWOOD AVENUE NE
ATLANTA,GA30303 		N/A PC ROLLINS INC. CAMPAIGN 56,000

VETERANS EMPOWERMENT ORGANIZATION (VEO)

373 W LAKE AVE NW
ATLANTA,GA30319 		N/A PC CAMPUS REVITALIZATION PROJECT 875,000

WOMEN IN NEED OF GOD'S SHELTER

POBOX 8277
DUBLIN,GA310408277 		N/A PC RENOVATING PLAYGROUNDS AND UPDATING SECUIRTY SYSTEM 35,000

ZOO ATLANTA

800 CHEROKEE AVE SE
ATLANTA,GA30315 		N/A PC ROLLINS ANIMAL HEALTH CENTER 1,535,656

UNIVERSITY OF TENNESSEE CHATTANOOGA

615 MCCALLIE AVE
CHATTANOOGA,TN37403 		N/A PC GWR COLLEGE OF BUSINESS 243,913

LATIN AMERICAN ASSOCIATION INC

2750 BUFORD HWY NE
ATLANTA,GA30324 		N/A PC GENERAL SUPPORT 481,266

FIDELITY CHARITABLE

PO BOX 770001
CINCINNATI,OH45277 		N/A PC DONOR ADVISED FUND 4,639,252

BELOIT COLLEGE

700 COLLEGE ST
BELOIT,WI53511 		N/A PC GENERAL SUPPORT 5,000

MAKE-A-WISH FOUNDATION OF GEORGIA INC

1775 THE EXCHANGE SE 200
ATLANTA,GA30339 		N/A PC GENERAL SUPPORT 10,000
Total .................................right arrow 3a 15,230,298
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ........... 		         
4 Dividends and interest from securities ....     14 4,945,727  
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 ............ 		523000 -43,260 18 764,956  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 INCOME 		901101 246,488 14 54,558  
bFEDERAL TAX REFUND     01 15,000  
cMISCELLANEOUS     01 4  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 203,228 5,780,245 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,983,473
(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 (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


Software ID:  
Software Version:  


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE GARY W ROLLINS FOUNDATION
C/O RFA MANAGEMENT CO LLC
Employer identification number

58-6263946
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE GARY W ROLLINS FOUNDATION
C/O RFA MANAGEMENT CO LLC 		Employer identification number
58-6263946
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
GARY W ROLLINS
 
1908 CLIFF VALLEY WAY
 
ATLANTA, GA30329

$ 7,049,007


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
GARY W ROLLINS
 
1908 CLIFF VALLEY WAY
 
ATLANTA, GA30329

$ 3,910,288


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE GARY W ROLLINS FOUNDATION
C/O RFA MANAGEMENT CO LLC 		Employer identification number

58-6263946
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 78,257 SHARES OF VARIOUS STOCK $ 7,049,007 2023-07-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 50,679 SHARES OF VARIOUS STOCK $ 3,910,288 2023-12-14
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE GARY W ROLLINS FOUNDATION
C/O RFA MANAGEMENT CO LLC 		Employer identification number

58-6263946
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE GARY W ROLLINS FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263946
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX RETURN PREPARATION 6,800 0   6,800

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

TY 2023 GainLossSaleOtherAssetsSch
Name:
THE GARY W ROLLINS FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263946
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
CAPITAL GAIN (UBI) FROM PASSTHROUGH ENTITIES   PURCHASED       43,260 COST 0 -43,260  

TY 2023 InvestmentsCorpStockSchedule
Name:
THE GARY W ROLLINS FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263946
Name of Stock End of Year Book Value End of Year Fair Market Value
8,311,249 SHS ROLLINS INC COM 1,941,060 362,952,244
1,090 SHS ABBVIE INC 98,506 168,917
3,070 SHS AT&T INC 75,011 51,515
1,250 SHS DUKE ENERGY CORP 99,511 121,300
3,120 SHS IRON MTN INC 96,127 220,366
4,760 SHS LUMEN TECHNOLOGIES INC 98,111 8,711
6,593 SHS RPC INC 202 47,997
2,220 SHS SEAGATE TECHNOLOGY HOLDINGS PLC 96,520 191,075
2,270 SOUTHERN CO COM 98,413 159,172
742 SHS WARNER BROS DISCOVERY INC 23,475 8,444
1,818 SHS MFC ALPS ETF TRUST ALERIAN MLP 74,123 77,301
2,350 SHS MFC ISHARES TR MTG REAL ESTATE 94,336 55,437
2,730 SHS MFC ISHARES TRUST ISHARES PREFERRED & INCOME SECS 98,580 85,149
4,850 SHS MFC VANGUARD INDEX FUNDS S&P 500 916,379 2,118,480
1,406 SHS MFC VANGUARD WORLD FD VANGUARD MEGA CAP 133,168 238,008
1,165,784 SHS INTELLIGENT BIO SOLUTIONS INC 2,067,150 529,016
820 SHS ALPHABET INC CAPITAL STOCK USD0.001 CL A 30,926 114,546
1,940 SHS AMAZON COM INC COM 32,398 294,764
2,090 SHS COSTAR GROUP INC COM 33,324 182,645
7,125 SHS DNOW INC COM USD0.01 25,213 80,655
725 SHS ESCO TECHNOLOGIES INC 2,653 84,847
549 SHS MICROSOFT CORP COM 47,116 206,446
227 SHS NETFLIX INC COM STK 15,506 110,522
23,000 SHS NORTHERN TR CORP COM 463,188 1,957,990
844 SHS NVIDIA CORP COM 34,537 417,966
338 SHS SERVICENOW INC COM USD0.001 18,971 238,794
3,180 SHS TESLA INC COM USD 0.001 47,527 790,166
7,384 SHS MFC ETF I SHARES MSCI EAFE 366,377 556,384
10,568 SHS MFC ISHARES TR MSCI EAFE SMALL CAP ETF 462,131 654,159
28,860 SHS MFC INVESCO EXCHANGE-TRADED FD TR S&P 500 TOP 50 ETF 411,287 1,088,599
37,419 SHS MFC ISHARES TR RUSSELL MID-CAP ETF 1,208,492 2,908,579
61000 SHS TOYOTA MOTOR CREDIT CORP MTN 0.45% 01/11/2024 SR 59,696 60,930
25000 SHS BROADCOM CORPORATION 3.625% 01/15/2024 SER WI SR 24,756 24,977
49000 SHS FOX CORPORATION 4.03% 01/25/2024 SER WI SR LIEN S&P 48,608 48,941
25000 SHS ENERGY TRANSFER PARTNERS, L.P. 4.9% 02/01/2024 SR LIEN 24,868 24,973
59000 SHS AMERICAN INTL GROUP 4.125% 02/15/2024 SR LIEN S&P 58,497 58,827
47000 SHS MOTOR CARGO INDUSTRIES INC. 3.646% 02/15/2024 SER B 46,514 46,871
59000 SHS BOSTON SCIENTIFIC CORP 3.45% 03/01/2024 SER 5YR SR LIEN 58,313 58,749
45000 SHS PEPSICO INC 3.6% 03/01/2024 SR LIEN S&P A+ /MOODY'S A1 44,515 44,859
60000 SHS JOHN DEERE CAPITAL CORPORATION MTN 2.6% 03/07/2024 58,990 59,656
23000 SHS BELL CANADA 0.75% 03/17/2024 SER US-3 SR LIEN S&P BBB+ 22,292 22,764
61000 SHS HP ENTERPRISE CO 1.45% 04/01/2024 SR LIEN NEXT CALL DT. 03 59,382 60,331
11000 SHS GENERAL MOTORS FINANCIAL COMPA 3.95% 04/13/2024 SR 10,860 10,933
60000 SHS XILINX INC 2.95% 06/01/2024 SR LIEN NEXT CALL DT. 04 01 24 58,663 59,341
12000 SHS DOMINION ENERGY INC STEP 08/15/2024 USD JRSUB LIEN 11,664 11,801
61000 SHS UNITEDHEALTH GROUP INCORPORATE 2.375% 08/15/2024 59,131 59,911
61000 SHS EVERSOURCE ENERGY 2.9% 10/01/2024 USD SER L SR LIEN 59,041 59,751
20000 SHS BB&T CORPORATION MTN 2.85% 10/26/2024 USD SR LIEN 19,285 19,564
58000 SHS MPLX LP 4.875% 12/01/2024 USD SER WI SR LIEN NEXT CALL 57,381 57,667
31000 SHS AIR LEASE CORPORATION MTN 2.3% 02/01/2025 USD SR LIEN 29,357 29,909
31000 SHS AIR LEASE CORPORATION 3.25% 03/01/2025 USD SR LIEN 29,767 30,192
60000 SHS MITSUBISHI UFJ FINANCIAL GROUP 3.777% 03/02/2025 USD 58,421 58,985
62000 SHS BANK OF AMERICA CORPORATION HYBRID 04/22/2025 USD 59,814 61,009
62000 SHS CITIGROUP INC. HYBRID 05/01/2025 USD SR LIEN CPN 59,700 60,951
62000 SHS MORGAN STANLEY HYBRID 05/30/2025 USD SR LIEN CPN 59,319 60,614
62000 SHS JPMORGAN CHASE & CO. HYBRID 06/01/2025 USD SR LIEN 59,400 60,676
43000 SHS BANK OF NOVA SCOTIA (THE) 5.45% 06/12/2025 USD SR LIEN 42,635 43,196
188000 SHS U.S. TREASURY BILL DUE 02/01/2024 OFF THE RUN S&P AA+ 183,127 187,175
168000 SHS U.S. TREASURY NOTE 0.125000% 02/15/2024 FA ON THE RUN 163,459 166,957
157000 SHS U.S. TREASURY NOTE 2.375000% 08/15/2024 FA OFF THE RUN 152,438 154,436
297000 SHS U.S. TREASURY NOTE 1.250000% 08/31/2024 FA ON THE RUN 284,495 289,726

TY 2023 InvestmentsOtherSchedule2
Name:
THE GARY W ROLLINS FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263946
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PARTNERSHIPS AT COST 15,111,615 22,868,953

TY 2023 LegalFeesSchedule
Name:
THE GARY W ROLLINS FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263946
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT RELATED COUNSEL 34,146 34,146   0


TY 2023 OtherAssetsSchedule
Name:
THE GARY W ROLLINS FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263946
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
CUMULATIVE BOOK-TO-TAX DIFFERENCES 48,192,692 42,150,757  


TY 2023 OtherExpensesSchedule
Name:
THE GARY W ROLLINS FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263946
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
K-1 EXPENSES 250,123 200,100   0
PENALTIES 268 0   0


TY 2023 OtherIncomeSchedule2
Name:
THE GARY W ROLLINS FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263946
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 INCOME 301,046 54,558 301,046
FEDERAL TAX REFUND 15,000   15,000
MISCELLANEOUS 4 4 4


TY 2023 OtherProfessionalFeesSchedule
Name:
THE GARY W ROLLINS FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263946
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 100,000 100,000   0
INVESTMENT CONSULTING FEES 1,773 1,773   0


TY 2023 ReductionExplanationStatement
Name:
THE GARY W ROLLINS FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263946
Explanation:
A QUALIFIED VALUATION CONSULTANT PERFORMED A BLOCKAGE DISCOUNT STUDY REGARDING THE BELOW STOCKS AND DETERMINED THAT THE SHARES WOULD HAVE TO BE LIQUIDATED OVER AN EXTENDED PERIOD OF TIME IN ORDER TO REALIZE THEIR FAIR MARKET VALUE (FMV) AND AVOID ADVERSELY IMPACTING THE MARKET FOR THESE SHARES. BLOCK 1 - ROLLINS, INC. : AS OF 12/31/23, THE FOUNDATION HELD 8,311,249 SHARES. THE STUDY CONCLUDED THAT IT WOULD TAKE 6.86 YEARS TO LIQUIDATE THE SHARES WITHOUT ADVERSELY AFFECTING THE VALUE. APPLYING AN APPROPRIATE PRESENT VALUE TO THE REALIZED PROCEEDS YIELDED A DISCOUNT OF 10%. AVERAGE MONTHLY FMV DURING 2023: $339,128,039; DISCOUNT: $33,912,804.BLOCK 2 - RPC, INC.: AS OF 12/31/23, THE FOUNDATION HELD 6,593 SHARES. THE STUDY CONCLUDED THAT IT WOULD TAKE 0.09 YEARS TO LIQUIDATE THE SHARES WITHOUT ADVERSELY AFFECTING THE VALUE. APPLYING AN APPROPRIATE PRESENT VALUE TO THE REALIZED PROCEEDS YIELDED A DISCOUNT OF 0.4%. AVERAGE FMV DURING 2022: $361,372; DISCOUNT: $1,445.

TY 2023 TaxesSchedule
Name:
THE GARY W ROLLINS FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263946
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 55,000 0   0
UBTI TAX 19,000 0   0
STATE UBTI TAX 1,246 0   0
FOREIGN TAX 1,060 1,060   0
PAYROLL TAXES 11,475 0   11,475