TY 2023 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

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
DULANEY FA AND JF CHAR

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 919798
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ORLANDO, FL328919798

A Employer identification number

54-6487683

B Telephone number (see instructions)

(804) 273-7445

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

$5,255,211J 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)
2	Check .............
3	Interest on savings and temporary cash investments	6,731		6,731
4	Dividends and interest from securities...	106,385		106,138
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		3,849
b	Gross sales price for all assets on line 6a 403,367
7	Capital gain net income (from Part IV, line 2)...			3,849
8	Net short-term capital gain.........				0
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	1,205
12	Total. Add lines 1 through 11........	118,170		116,718
13	Compensation of officers, directors, trustees, etc.	48,746		24,373		24,373
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	855	855		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	9	9
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	49,610		25,237	0	24,373
25	Contributions, gifts, grants paid.......	230,330				230,330
26	Total expenses and disbursements. Add lines 24 and 25	279,940		25,237	0	254,703
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-161,770
b	Net investment income (if negative, enter -0-)			91,481
c	Adjusted net income (if negative, enter -0-)...				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	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.............	84	94	94
	2	Savings and temporary cash investments.........	219,075	475,398	475,398
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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).......	1,444,999	List of Attached Documents: // Content 1,444,999	2,470,849
	c	Investments—corporate bonds (attach schedule).......	1,887,901	List of Attached Documents: // Content 1,476,702	1,403,225
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	695,099	List of Attached Documents: // Content 694,829	822,225
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 90,200	List of Attached Documents: // Content 83,420	List of Attached Documents: // Content 83,420
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,337,358	4,175,442	5,255,211
	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
		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........	4,337,358	4,175,442
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	4,337,358	4,175,442
	30	Total liabilities and net assets/fund balances (see instructions).	4,337,358	4,175,442

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

4,337,358

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

-161,770

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

List of Attached Documents:

// Content

9,938

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

4,185,526

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

10,084

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

4,175,442

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	84. ALTABA INC ESCROWED CUSIP			2023-01-13
b	84. ALTABA INC ESCROWED CUSIP			2023-02-17
c	75000. DUKE ENERGY CAR 2.500% 3/15/23		2019-07-25	2023-03-15
d	75000. PUBLIC SVC ELEC MTN 2.375% 5/15/23		2019-10-02	2023-05-15
e	100000. AMERICAN HONDA MTN 3.450% 7/14/23		2019-12-31	2023-07-14
	50000. GENERAL DYNAMICS 1.875% 8/15/23		2019-07-02	2023-08-15
	100000. BANK OF NY MELLN MTN 2.200% 8/16/23		2019-09-26	2023-08-16
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c	75,000	75,000
d	75,000	75,000
e	100,000	100,000
	50,000	49,518	482
	100,000	100,000
			3,367
			3,367
			3,367
			3,367
			3,367
			3,367
			3,367

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
b
c
d
e
			482

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	3,849
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

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	1,272
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	1,272
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,272
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	924
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	924
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	348
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax0	Refunded	11	0

Form 990-PF (2023)

Page 4

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 2023 or the taxable year beginning in 2023? 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. ...............................

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

Truist Bank Telephone no. right arrow

(804) 273-7445

Located at right arrow

PO BOX 919798ORLANDOFL ZIP+4 right arrow

32891

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 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)

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

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)

(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 2023? .............

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 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

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

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 2023? ..

Form 990-PF (2023)

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
TRUIST BANK	TRUSTEE 12	48,746
PO BOX 919798 ORLANDO,FL32891	TRUSTEE 12	48,746

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...................				0

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
NONE

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 (2023)

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

4,541,965

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

450,912

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

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

4,992,877

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

4,992,877

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

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

74,893

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

4,917,984

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

245,899

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

245,899

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

1,272

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

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

1,272

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

244,627

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

6,779

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

251,406

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

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

251,406

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 ..........

254,703

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. .......

254,703

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					251,406
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				230,330
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	0
b From 2019......	0
c From 2020......	0
d From 2021......	0
e From 2022......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 254,703
a Applied to 2022, but not more than line 2a				230,330
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.....					24,373
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 ..........					227,033
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....	0
b Excess from 2020....	0
c Excess from 2021....	0
d Excess from 2022....	0
e Excess from 2023....	0

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 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) 2023	(b) 2022	(c) 2021	(d) 2020	(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).)

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 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)

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
CONGREGATIONAL COMMUNITY ACTION PROGRAM OF WINCHESTER PO BOX 2112 WINCHESTER,VA22604	NONE	PC	GENERAL OPERATING	46,066
BLUE RIDGE AREA FOOD BANK 96 LAUREL HILL RD VERONA,VA24482	NONE	PC	GENERAL OPERATING	46,066
1ST BAPTIST CHURCH OF WINCHESTER 205 WEST PICCADILLY ST WINCHESTER,VA22601	NONE	PC	GENERAL OPERATING	46,066
FREE MEDICAL CLINIC OF WINC 301 N CAMERON ST - SUITE 100 WINCHESTER,VA22601	NONE	PC	GENERAL OPERATING	46,066
ADULT CARE CENTER OF THE NORTHERN SHENANDOAH VALLEY 115 WOLFE STREET WINCHESTER,VA22601	NONE	PC	GENERAL OPERATING	46,066
Total ................................. 3a				230,330

bApproved for future payment

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

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	(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	6,731
4 Dividends and interest from securities ....			14	106,385
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	3,849
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			1	1,205
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				118,170

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

118,170

(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 (2023)

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 (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

DULANEY FA AND JF CHAR

EIN:

54-6487683

Name of Bond	End of Year Book Value	End of Year Fair Market Value
02665WCJ8 AMERICAN HONDA FINAN
06406FAD5 BANK OF NY MELLON CO
26442CAQ7 DUKE ENERGY CAROLINA
26442UAA2 DUKE ENERGY PROGRESS	104,452	97,717
369550AW8 GENERAL DYNAMICS COR
427866BC1 HERSHEY COMPANY	101,371	97,321
74456QBC9 PUBLIC SERVICE ELEC
87236YAD0 TD AMERITRADE HOLDIN	76,531	73,142
78015K7C2 ROYAL BANK OF CANADA	50,685	48,740
822582CC4 SHELL INTERNATIONAL	50,772	48,708
89114QCA4 TORONTO-DOMINION BAN	100,321	98,748
02079KAC1 ALPHABET INC	25,697	23,609
037833DT4 APPLE INC	100,317	95,356
74460WAA5 PUBLIC STORAGE SR NT	99,250	92,505
822582BT8 SHELL INTERNATIONAL	104,700	96,385
89236TGT6 TOYOTA MOTOR CREDIT	101,369	96,719
46429B267 ISHARES US TREASURY	561,237	534,275

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

DULANEY FA AND JF CHAR

EIN:

54-6487683

Name of Stock	End of Year Book Value	End of Year Fair Market Value
00287Y109 ABBVIE INC	914	1,395
00724F101 ADOBE INC	14,088	96,053
007903107 ADVANCED MICRO DEVIC	19,272	30,661
009158106 AIR PRODUCTS & CHEMI	1,911	3,559
02079K107 ALPHABET INC CL C	11,051	62,573
021ESC017 ALTABA INC		120
023135106 AMAZON.COM INC	12,920	88,125
03076C106 AMERIPRISE FINANCIAL	12,232	35,704
031162100 AMGEN INC	15,635	28,226
037833100 APPLE INC	77,910	173,470
060505104 BANK OF AMERICA CORP	29,114	30,572
191216100 COCA COLA CO	18,044	23,985
22052L104 CORTEVA INC	19,816	30,190
235851102 DANAHER CORP	31,042	69,402
254687106 DISNEY WALT CO NEW	28,484	20,135
30303M102 META PLATFORMS INC C	10,260	41,767
369550108 GENERAL DYNAMICS COR	11,750	20,774
46625H100 JP MORGAN CHASE & CO	24,548	40,484
512807108 LAM RESEARCH CORP	5,074	28,197
526057104 LENNAR CORP	15,964	43,967
548661107 LOWES COS INC	4,671	10,682
594918104 MICROSOFT CORP	14,610	204,190
595017104 MICROCHIP TECHNOLOGY	16,981	37,335
617446448 MORGAN STANLEY	16,934	22,287
67066G104 NVIDIA CORP	7,261	57,446
693475105 PNC FINL SVCS GROUP	13,817	20,440
701094104 PARKER HANNIFIN CORP	16,586	40,542
70450Y103 PAYPAL HOLDINGS INC	12,185	14,554
747525103 QUALCOMM INC	42,880	50,621
75513E101 RTX CORPORATION	2,255	2,608
78409V104 S&P GLOBAL INC	5,482	14,097
79466L302 SALESFORCE INC	4,900	28,682
824348106 SHERWIN WILLIAMS CO	5,114	12,164
872590104 T-MOBILE US INC	15,997	24,370
87612E106 TARGET CORP	3,461	2,848
88160R101 TESLA INC	4,260	11,182
902494103 TYSON FOODS INC CL A	17,190	10,965
907818108 UNION PAC CORP	26,283	31,685
91324P102 UNITEDHEALTH GROUP I	48,392	55,279
92826C839 VISA INC CL A	17,248	57,017
66987V109 NOVARTIS AG SPONSORE	8,798	13,631
H1467J104 CHUBB LTD	14,321	22,148
N6596X109 NXP SEMICONDUCTORS N	16,901	28,251
038222105 APPLIED MATERIALS IN	3,394	4,376
718546104 PHILLIPS 66	14,391	23,033
723787107 PIONEER NATURAL RESO	32,491	32,832
02079K305 ALPHABET INC CL A	32,537	37,297
025537101 AMERICAN ELEC PWR IN	23,807	19,168
032654105 ANALOG DEVICES INC	21,388	26,011
036752103 ELEVANCE HEALTH INC	18,222	18,391
09247X101 BLACKROCK INC	20,387	23,542
110122108 BRISTOL MYERS SQUIBB	20,778	14,726
142339100 CARLISLE COS INC	30,593	36,867
166764100 CHEVRON CORP	35,264	31,324
20825C104 CONOCOPHILLIPS	21,057	23,910
22160K105 COSTCO WHOLESALE COR	40,838	45,546
237266101 DARLING INGREDIENTS	11,736	9,470
260557103 DOW INC	14,971	15,958
345370860 FORD MOTOR CO DEL	20,909	19,967
40412C101 HCA HEALTHCARE INC	18,531	18,677
437076102 HOME DEPOT INC	46,581	51,289
438516106 HONEYWELL INTERNATIO	18,921	20,132
46266C105 IQVIA HOLDINGS INC	19,311	20,361
478160104 JOHNSON & JOHNSON	32,456	29,467
499049104 KNIGHT-SWIFT TRANSN	24,167	27,384
58933Y105 MERCK & CO INC	22,861	28,781
65339F101 NEXTERA ENERGY INC	22,911	17,129
67103H107 O'REILLY AUTOMOTIVE	21,626	30,403
74762E102 QUANTA SERVICES INC	18,640	29,996
883556102 THERMO FISHER SCIENT	30,355	27,070
892356106 TRACTOR SUPPLY CO	21,817	25,374
90384S303 ULTA BEAUTY INC	15,864	20,090
931142103 WALMART INC	32,354	34,525
G0450A105 ARCH CAPITAL GROUP L	17,110	25,549
G8994E103 TRANE TECHNOLOGIES P	17,582	30,731
799926100 SANDOZ GROUP AG	495	864
92338C103 VERALTO CORPORATION	4,098	8,226

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

DULANEY FA AND JF CHAR

EIN:

54-6487683

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
412295107 HARDING LOEVNER INTL	AT COST	138,280	182,420
921943809 VANGUARD DEVELOPED M	AT COST	173,069	196,956
464287507 ISHARES CORE S&P MID	AT COST	101,423	138,575
464287804 ISHARES CORE S&P SMA	AT COST	98,174	128,926
22822V101 CROWN CASTLE INC	AT COST	18,223	13,362
253868103 DIGITAL REALTY TRUST	AT COST	13,192	12,112
464287457 ISHARES BARCLAYS 1-3	AT COST	79,968	79,005
52472T767 BRANDYWINEGLOBAL COR	AT COST	72,500	70,869

- TIN:

TY 2023 OtherAssetsSchedule

Name:

DULANEY FA AND JF CHAR

EIN:

54-6487683

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
MN0021978 WILLIAM M HENKEL	90,200	83,420	83,420

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

DULANEY FA AND JF CHAR

EIN:

54-6487683

Description	Amount
2023 TRANSACTION POSTED IN 2024	3,030
COST BASIS ADJUSTMENT - LOAN	6,779
COST BASIS ADJUSTMENT	270
ROUNDING	5

- TIN:

TY 2023 OtherExpensesSchedule

Name:

DULANEY FA AND JF CHAR

EIN:

54-6487683

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE	9	9		0

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

DULANEY FA AND JF CHAR

EIN:

54-6487683

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FEDERAL TAX REFUND	1,205	0

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

DULANEY FA AND JF CHAR

EIN:

54-6487683

Description	Amount
CASH DEPOSIT FROM CLOSED ACCOUNT	2,465
2022 TRANSACTION POSTED IN 2023	391
MUTUAL FUND EARNINGS	75
RECOVERY OF PRIOR YEAR GRANTS - LOAN	6,779
SECTION 897 CAPITAL GAIN	228

- TIN:

TY 2023 TaxesSchedule

Name:

DULANEY FA AND JF CHAR

EIN:

54-6487683

Category	Amount	Net Investment Income
FOREIGN TAXES	141	141
FOREIGN TAXES ON QUALIFIED FOR	640	640
FOREIGN TAXES ON NONQUALIFIED	74	74