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 Mitchell Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 311
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
McLean, VA221010311
A Employer identification number

54-1852192
B Telephone number (see instructions)

(703) 759-4258
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$5,572,060J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 239 239  
4 Dividends and interest from securities... 218,448 218,448  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -15,787
b Gross sales price for all assets on line 6a 2,004,825
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 204,900 218,687  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,900 2,450   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,963 2,600   0
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
23,448 23,448   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 32,311 28,498   0
25 Contributions, gifts, grants paid....... 210,000 210,000
26 Total expenses and disbursements. Add lines 24 and 25 242,311 28,498   210,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -37,411
b Net investment income (if negative, enter -0-) 190,189
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............. 33,095 89,010 89,010
2 Savings and temporary cash investments.........      
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)....... 5,391,046 Click to see attachment
List of Attached Documents:
// Content
5,296,697 		5,483,050
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,424,141 5,385,707 5,572,060
Liabilities 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 right arrow) Click to see attachment
List of Attached Documents:
// Content
3,984 		Click to see attachment
List of Attached Documents:
// Content
2,961
23 Total liabilities (add lines 17 through 22)......... 3,984 2,961
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........... 5,420,157 5,382,746
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 5,420,157 5,382,746
30 Total liabilities and net assets/fund balances (see instructions). 5,424,141 5,385,707
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
5,420,157
2
Enter amount from Part I, line 27a .....................
2
-37,411
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,382,746
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
5,382,746
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 4,200 Shs AT&T INC   2023-08-22 2023-09-15
b 75 Shs AT&T INC   2023-08-22 2023-09-18
c 18 Shs ALLSTATE CORP   2022-09-20 2023-02-17
d 282 Shs ALLSTATE CORP   2022-11-21 2023-02-17
e 32 Shs ALLSTATE CORP   2022-11-21 2023-10-20
268 Shs ALLSTATE CORP   2023-02-21 2023-10-20
34 Shs ALLSTATE CORP   2023-02-21 2023-11-02
300 Shs BCE INC COM NEW   2022-12-05 2023-04-21
55 Shs BANK OF AMERICA CORP   2023-11-20 2023-12-15
1,345 Shs BANK OF AMERICA CORP   2023-11-20 2023-12-15
55 Shs BANK OF AMERICA CORP   2023-11-20 2023-12-18
600 Shs BAXTER INTL INC   2023-05-11 2023-07-21
470 Shs BAXTER INTL INC   2023-05-11 2023-12-15
30 Shs BAXTER INTL INC   2023-07-26 2023-12-15
3 Shs CALL XOM JAN 115 EXP 01/20/23   2023-01-23 2023-01-23
5 Shs CALL JCI OCT 57.5 EXP 10/20/23   2023-10-16 2023-10-17
5 Shs CALL JCI OCT 52.5 EXP 10/20/23   2023-10-23 2023-10-23
5 Shs CALL JCI AUG 70 EXP 08/18/23   2023-08-21 2023-08-21
4 Shs CALL JCI DEC 55 EXP 12/15/23   2023-12-18 2023-12-18
24 Shs CISCO SYS INC   2022-10-25 2023-02-17
876 Shs CISCO SYS INC   2022-11-21 2023-02-17
9 Shs CISCO SYS INC   2022-11-21 2023-03-17
791 Shs CISCO SYS INC   2023-02-21 2023-03-17
95 Shs CISCO SYS INC   2023-02-21 2023-06-16
737 Shs CISCO SYS INC   2023-03-21 2023-06-16
168 Shs CISCO SYS INC   2023-04-24 2023-06-16
96 Shs CISCO SYS INC   2023-04-24 2023-07-21
804 Shs CISCO SYS INC   2023-06-21 2023-07-21
78 Shs CISCO SYS INC   2023-06-21 2023-08-18
422 Shs CISCO SYS INC   2023-07-26 2023-08-18
125 Shs CITIGROUP INC COM NEW   2022-03-24 2023-01-20
124 Shs CITIGROUP INC COM NEW   2022-08-23 2023-01-20
8 Shs CITIGROUP INC COM NEW   2022-08-30 2023-01-20
231 Shs CITIGROUP INC COM NEW   2022-09-14 2023-01-20
81 Shs CITIGROUP INC COM NEW   2022-09-14 2023-04-21
319 Shs CITIGROUP INC COM NEW   2023-01-24 2023-04-21
396 Shs CITIGROUP INC COM NEW   2023-01-24 2023-11-17
426 Shs CITIGROUP INC COM NEW   2023-04-25 2023-11-17
378 Shs CITIGROUP INC COM NEW   2023-11-02 2023-11-17
19 Shs CITIGROUP INC COM NEW   2023-11-02 2023-12-12
3 Shs CALL XOM APR 120 EXP 04/21/23   2023-04-24 2023-04-24
3 Shs CALL XOM MAR 115 EXP 03/17/23   2023-03-20 2023-03-20
9 Shs CALL VZ FEB 43 EXP 02/17/23   2023-02-21 2023-02-21
3 Shs CALL MS APR 95 EXP 04/21/23   2023-04-24 2023-04-24
11 Shs CALL INTC MAR 30 EXP 03/17/23   2023-03-09 2023-03-10
3 Shs CALL EOG AUG 132.5 EXP 08/18/23   2023-08-21 2023-08-21
8 Shs CALL CSCO OCT 55 EXP 10/20/23   2023-10-23 2023-10-23
7 Shs CALL C FEB 53 EXP 02/17/23   2023-02-21 2023-02-21
7 Shs CALL C MAR 52 EXP 03/17/23   2023-03-20 2023-03-20
3 Shs CALL RTX MAY 105 EXP 05/19/23   2023-05-22 2023-05-22
220 Shs COMCAST CORP NEW CL A   2022-09-08 2023-05-19
26 Shs COMCAST CORP NEW CL A   2022-09-22 2023-05-19
93 Shs COMCAST CORP NEW CL A   2023-02-21 2023-05-19
56 Shs COMCAST CORP NEW CL A   2023-02-21 2023-12-15
444 Shs COMCAST CORP NEW CL A   2023-05-23 2023-12-15
222 Shs CONAGRA BRANDS INC   2022-04-26 2023-04-21
438 Shs CONAGRA BRANDS INC   2022-08-05 2023-04-21
140 Shs CONAGRA BRANDS INC   2022-12-20 2023-04-21
7 Shs CALL DOW FEB 60 EXP 02/17/23   2023-02-21 2023-02-21
4 Shs CALL DOW APR 55 EXP 04/21/23   2023-04-24 2023-04-24
7 Shs CALL DOW SEP 55 EXP 09/15/23   2023-09-18 2023-09-18
3 Shs CALL DOW JUL 55 EXP 07/21/23   2023-07-24 2023-07-24
7 Shs CALL DOW MAR 59 EXP 03/17/23   2023-03-20 2023-03-20
4 Shs CALL DOW MAY 55 EXP 05/19/23   2023-05-22 2023-05-22
3 Shs CALL XOM JUL 110 EXP 07/21/23   2023-07-24 2023-07-24
5 Shs CALL CMCSA FEB 40 EXP 02/17/23   2023-02-21 2023-02-21
3 Shs CALL EOG FEB 137 EXP 02/17/23   2023-02-21 2023-02-21
7 Shs CALL MDT MAY 93 EXP 05/19/23   2023-05-22 2023-05-22
5 Shs CALL MRK JAN 113 EXP 01/20/23   2023-01-23 2023-01-23
5 Shs CALL MRK FEB 113 EXP 02/17/23   2023-02-21 2023-02-21
3 Shs CALL MRK MAY 120 EXP 05/19/23   2023-05-22 2023-05-22
5 Shs CALL MRK OCT 110 EXP 10/20/23   2023-10-23 2023-10-23
5 Shs CALL MRK AUG 110 EXP 08/18/23   2023-08-21 2023-08-21
4 Shs CALL MS MAR 101 EXP 03/17/23   2023-03-20 2023-03-20
5 Shs CALL MS OCT 87.5 EXP 10/20/23   2023-10-23 2023-10-23
4 Shs CALL MS MAY 92 EXP 05/19/23   2023-05-22 2023-05-22
16 Shs CALL VZ JUL 36.5 EXP 07/21/23   2023-07-24 2023-07-24
97 Shs DOW INC   2022-08-26 2023-06-16
32 Shs DOW INC   2022-08-30 2023-06-16
271 Shs DOW INC   2022-11-21 2023-06-16
311 Shs DOW INC   2023-06-21 2023-12-15
500 Shs DUKE ENERGY CORP NEW COM   2022-12-20 2023-03-17
88 Shs DUKE ENERGY CORP NEW COM   2022-12-20 2023-04-21
412 Shs DUKE ENERGY CORP NEW COM   2023-03-20 2023-04-21
83 Shs DUKE ENERGY CORP NEW COM   2023-03-20 2023-07-21
517 Shs DUKE ENERGY CORP NEW COM   2023-04-25 2023-07-21
5 Shs DUKE ENERGY CORP NEW COM   2023-04-25 2023-11-17
595 Shs DUKE ENERGY CORP NEW COM   2023-07-26 2023-11-17
5 Shs CALL PM JUL 99 EXP 07/21/23   2023-07-24 2023-07-24
10 Shs CALL CSCO MAY 49.5 EXP 05/19/23   2023-05-22 2023-05-22
8 Shs CALL CSCO NOV 55 EXP 11/17/23   2023-11-20 2023-11-20
8 Shs CALL CSCO SEP 57 EXP 09/15/23   2023-09-18 2023-09-18
5 Shs CALL C JUN 49 EXP 06/16/23   2023-06-20 2023-06-20
3 Shs CALL C JUL 50 EXP 07/21/23   2023-07-24 2023-07-24
5 Shs CALL C JUL 47.5 EXP 07/21/23   2023-07-24 2023-07-24
5 Shs CALL C AUG 46.5 EXP 08/18/23   2023-08-21 2023-08-21
8 Shs CALL C OCT 43.5 EXP 10/20/23   2023-10-23 2023-10-23
4 Shs CALL RTX JUL 100 EXP 07/21/23   2023-07-24 2023-07-24
7 Shs CALL DOW AUG 55 EXP 08/18/23   2023-08-21 2023-08-21
4 Shs CALL DOW JUL 54 EXP 07/21/23   2023-07-24 2023-07-24
2 Shs CALL QCOM AUG 130 EXP 08/18/23   2023-08-21 2023-08-21
2 Shs CALL QCOM SEP 118 EXP 09/15/23   2023-09-18 2023-09-18
3 Shs CALL QCOM OCT 118 EXP 10/20/23   2023-10-23 2023-10-23
5 Shs CALL MRK JUL 113 EXP 07/21/23   2023-07-24 2023-07-24
5 Shs CALL MRK NOV 109 EXP 11/17/23   2023-11-20 2023-11-20
5 Shs CALL CMCSA SEP 47.5 EXP 09/15/23   2023-09-18 2023-09-18
9 Shs CALL CMCSA OCT 45.5 EXP 10/20/23   2023-10-23 2023-10-23
25 Shs EXXON MOBIL CORP   2022-12-05 2023-09-15
8 Shs CALL VZ DEC 38 EXP 12/15/23   2023-12-18 2023-12-18
11 Shs CALL VICI AUG 32.5 EXP 08/18/23   2023-08-21 2023-08-21
27 Shs GENERAL DYNAMICS CORP   2023-05-22 2023-11-14
5 Shs CALL RTX DEC 83 EXP 12/15/23   2023-12-18 2023-12-18
88 Shs INTEL CORP   2022-05-27 2023-04-21
600 Shs INTEL CORP   2022-12-07 2023-04-21
86 Shs JPMORGAN CHASE & CO COM   2022-11-21 2023-05-22
9 Shs CALL BCE AUG 45 EXP 08/18/23   2023-08-21 2023-08-21
KENVUE INC cash in lieu   2023-09-11 2023-09-11
5 Shs CALL DUK JAN 105 EXP 01/20/23   2023-01-23 2023-01-23
1 Shs CALL DUK JUN 100 EXP 06/16/23   2023-06-20 2023-06-20
6 Shs CALL DUK OCT 95 EXP 10/20/23   2023-10-23 2023-10-23
34 Shs MORGAN STANLEY COM NEW   2022-08-22 2023-01-20
10 Shs MORGAN STANLEY COM NEW   2022-08-30 2023-01-20
456 Shs MORGAN STANLEY COM NEW   2022-11-21 2023-01-20
48 Shs MORGAN STANLEY COM NEW   2022-11-21 2023-02-17
452 Shs MORGAN STANLEY COM NEW   2023-01-24 2023-02-17
13 Shs MORGAN STANLEY COM NEW   2023-01-24 2023-06-16
387 Shs MORGAN STANLEY COM NEW   2023-02-21 2023-06-16
93 Shs MORGAN STANLEY COM NEW   2023-02-21 2023-07-21
407 Shs MORGAN STANLEY COM NEW   2023-06-21 2023-07-21
452 Shs NOVARTIS AG SPONSORED ADR   2022-12-20 2023-04-21
23 Shs NOVARTIS AG SPONSORED ADR   2022-12-20 2023-05-11
5 Shs CALL NVS JAN 92.5 EXP 01/20/23   2023-01-23 2023-01-23
267 Shs QUALCOMM INC   2023-03-14 2023-06-16
33 Shs QUALCOMM INC   2023-04-24 2023-06-16
108 Shs QUALCOMM INC   2023-04-24 2023-11-17
92 Shs QUALCOMM INC   2023-06-21 2023-11-17
187 Shs QUALCOMM INC   2023-06-21 2023-12-15
113 Shs QUALCOMM INC   2023-11-27 2023-12-15
467 Shs RTX CORPORATION   2022-10-25 2023-06-16
400 Shs RIO TINTO PLC SPONSORED ADR   2022-11-21 2023-01-20
51 Shs RIO TINTO PLC SPONSORED ADR   2022-11-21 2023-06-16
249 Shs RIO TINTO PLC SPONSORED ADR   2023-02-23 2023-06-16
149 Shs RIO TINTO PLC SPONSORED ADR   2023-02-23 2023-11-17
251 Shs RIO TINTO PLC SPONSORED ADR   2023-06-22 2023-11-17
71 Shs RIO TINTO PLC SPONSORED ADR   2023-06-22 2023-12-15
229 Shs RIO TINTO PLC SPONSORED ADR   2023-11-21 2023-12-15
4 Shs CALL RIO JUL 67.5 EXP 07/21/23   2023-07-24 2023-07-24
4 Shs CALL RIO OCT 67.5 EXP 10/20/23   2023-10-23 2023-10-23
3 Shs CALL ALL APR 120 EXP 04/21/23   2023-04-24 2023-04-24
3 Shs CALL ALL MAR 135 EXP 03/17/23   2023-03-20 2023-03-20
3 Shs CALL ALL MAY 120 EXP 05/19/23   2023-05-22 2023-05-22
3 Shs CALL ALL AUG 115 EXP 08/18/23   2023-08-21 2023-08-21
3 Shs CALL ALL SEP 110 EXP 09/15/23   2023-09-18 2023-09-18
579 Shs TRUIST FINL CORP   2023-06-27 2023-11-17
3 Shs CALL ALL JAN 140 EXP 01/20/23   2023-01-23 2023-01-23
63 Shs UNILEVER PLC SPON ADR NEW   2022-08-08 2023-04-21
837 Shs UNILEVER PLC SPON ADR NEW   2022-12-20 2023-04-21
232 Shs VERIZON COMMUNICATIONS INC   2022-09-22 2023-08-18
576 Shs VERIZON COMMUNICATIONS INC   2022-12-20 2023-08-18
151 Shs VERIZON COMMUNICATIONS INC   2023-07-28 2023-08-18
900 Shs VERIZON COMMUNICATIONS INC   2023-09-22 2023-11-17
63 Shs MEDTRONIC PLC   2022-06-16 2023-02-17
276 Shs MEDTRONIC PLC   2022-08-24 2023-02-17
114 Shs MEDTRONIC PLC   2022-08-24 2023-06-16
205 Shs MEDTRONIC PLC   2022-12-20 2023-06-16
81 Shs MEDTRONIC PLC   2023-02-21 2023-06-16
364 Shs MEDTRONIC PLC   2023-02-21 2023-12-15
36 Shs MEDTRONIC PLC   2023-06-21 2023-12-15
625 Shs BCE INC COM NEW   2020-06-23 2023-04-21
75 Shs BCE INC COM NEW   2021-02-24 2023-04-21
43 Shs BROADCOM INC   2020-08-04 2023-03-14
11 Shs BROADCOM INC   2020-10-16 2023-03-14
57 Shs CITIGROUP INC COM NEW   2021-10-18 2023-01-20
70 Shs CITIGROUP INC COM NEW   2021-10-25 2023-01-20
85 Shs CITIGROUP INC COM NEW   2021-11-08 2023-01-20
600 Shs COMCAST CORP NEW CL A   2021-12-15 2023-05-19
61 Shs COMCAST CORP NEW CL A   2021-12-15 2023-05-19
389 Shs DOW INC   2022-11-21 2023-12-15
275 Shs EXXON MOBIL CORP   2022-05-23 2023-09-15
106 Shs GENUINE PARTS CO   2021-05-24 2023-05-22
320 Shs INTEL CORP   2020-10-20 2023-02-16
165 Shs INTEL CORP   2020-12-23 2023-02-16
175 Shs INTEL CORP   2021-01-19 2023-02-16
111 Shs INTEL CORP   2021-01-19 2023-04-21
236 Shs INTEL CORP   2021-11-11 2023-04-21
65 Shs INTEL CORP   2022-02-24 2023-04-21
54 Shs INTEL CORP   2021-01-19 2023-04-24
55 Shs JPMORGAN CHASE & CO COM   2022-03-24 2023-05-22
219 Shs JOHNSON & JOHNSON   2022-08-23 2023-09-08
48 Shs NOVARTIS AG SPONSORED ADR   2022-04-18 2023-04-21
33 Shs RTX CORPORATION   2022-01-25 2023-06-16
685 Shs SIEMENS A G SPONSORED ADR   2022-03-16 2023-07-19
104 Shs TRUIST FINL CORP   2019-12-10 2023-11-17
115 Shs TRUIST FINL CORP   2020-07-27 2023-11-17
160 Shs TRUIST FINL CORP   2021-01-19 2023-11-17
230 Shs TRUIST FINL CORP   2021-11-08 2023-11-17
105 Shs TRUIST FINL CORP   2022-03-24 2023-11-17
207 Shs TRUIST FINL CORP   2022-06-16 2023-11-17
28 Shs TRUIST FINL CORP   2019-12-10 2023-11-20
176 Shs VERIZON COMMUNICATIONS INC   2019-03-19 2023-08-18
450 Shs VERIZON COMMUNICATIONS INC   2019-09-23 2023-08-18
115 Shs VERIZON COMMUNICATIONS INC   2020-05-21 2023-08-18
100 Shs VERIZON COMMUNICATIONS INC   2021-01-22 2023-08-18
34 Shs VERIZON COMMUNICATIONS INC   2019-03-19 2023-08-21
161 Shs MEDTRONIC PLC   2021-12-15 2023-02-17
Capital Gains Dividends P    
(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 61,656   59,677 1,979
b 1,135   1,066 69
c 2,448   2,349 99
d 38,351   37,585 766
e 3,880   4,265 -385
32,495   35,828 -3,333
4,556   4,545 11
13,635   14,161 -526
1,715   1,644 71
41,950   40,200 1,750
1,844   1,644 200
28,596   26,149 2,447
17,554   20,483 -2,929
1,120   1,462 -342
441     441
305     305
300     300
627     627
320     320
1,215   1,064 151
44,333   41,840 2,493
454   430 24
39,866   39,459 407
4,788   4,739 49
37,144   37,408 -264
8,467   7,917 550
5,020   4,524 496
42,041   41,111 930
4,323   3,988 335
23,387   22,482 905
6,342   7,049 -707
6,292   6,360 -68
406   394 12
11,721   11,141 580
4,011   3,907 104
15,797   16,530 -733
16,481   20,520 -4,039
17,730   20,492 -2,762
15,732   15,488 244
911   779 132
300     300
285     285
648     648
324     324
484     484
420     420
280     280
336     336
350     350
348     348
9,119   7,645 1,474
1,078   846 232
3,855   3,532 323
2,428   2,127 301
19,247   18,249 998
8,325   7,861 464
16,425   14,993 1,432
5,250   5,333 -83
481     481
304     304
301     301
255     255
378     378
276     276
282     282
433     433
246     246
490     490
730     730
505     505
315     315
650     650
420     420
380     380
722     722
300     300
512     512
5,103   5,305 -202
1,684   1,648 36
14,257   13,707 550
16,675   16,207 468
47,875   49,821 -1,946
8,662   8,768 -106
40,553   40,094 459
7,731   8,077 -346
48,155   51,452 -3,297
456   498 -42
54,207   56,723 -2,516
425     425
430     430
544     544
295     295
315     315
273     273
295     295
200     200
288     288
284     284
357     357
240     240
320     320
160     160
255     255
745     745
543     543
294     294
288     288
2,848   2,656 192
224     224
440     440
6,681   5,724 957
350     350
2,495   3,887 -1,392
17,010   16,974 36
11,869   11,485 384
540     540
3     3
550     550
115     115
810     810
3,191   3,011 180
938   847 91
42,795   40,646 2,149
4,755   4,279 476
44,774   43,516 1,258
1,128   1,252 -124
33,591   37,773 -4,182
8,263   9,077 -814
36,162   35,245 917
38,781   40,787 -2,006
2,375   2,075 300
525     525
32,447   30,540 1,907
4,010   3,860 150
13,295   12,632 663
11,325   10,834 491
24,652   22,022 2,630
14,897   14,545 352
45,686   41,253 4,433
29,999   25,487 4,512
3,359   3,250 109
16,401   17,827 -1,426
10,124   10,668 -544
17,055   16,318 737
5,048   4,616 432
16,282   16,084 198
208     208
560     560
286     286
354     354
375     375
390     390
255     255
17,414   17,686 -272
435     435
3,336   3,050 286
44,319   42,262 2,057
7,642   9,312 -1,670
18,973   21,194 -2,221
4,974   5,170 -196
32,706   30,054 2,652
5,275   5,501 -226
23,112   24,697 -1,585
9,759   10,201 -442
17,550   15,715 1,835
6,934   6,926 8
29,656   31,126 -1,470
2,933   3,176 -243
28,406   26,454 1,952
3,409   3,265 144
26,815   13,957 12,858
6,860   4,199 2,661
2,892   4,103 -1,211
3,552   4,957 -1,405
4,313   5,811 -1,498
24,306   28,830 -4,524
2,528   2,931 -403
20,858   19,675 1,183
31,333   25,832 5,501
17,296   13,940 3,356
9,196   17,216 -8,020
4,742   7,757 -3,015
5,029   10,117 -5,088
3,147   6,417 -3,270
6,691   11,958 -5,267
1,843   3,027 -1,184
1,608   3,122 -1,514
7,591   7,721 -130
35,058   36,406 -1,348
4,118   4,428 -310
3,228   2,918 310
56,855   50,412 6,443
3,128   5,730 -2,602
3,459   4,196 -737
4,812   8,354 -3,542
6,918   14,896 -7,978
3,158   6,151 -2,993
6,226   9,413 -3,187
895   1,543 -648
5,797   10,188 -4,391
14,823   27,184 -12,361
3,788   6,222 -2,434
3,294   5,765 -2,471
1,115   1,968 -853
13,482   16,743 -3,261
237     237
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       1,979
b       69
c       99
d       766
e       -385
      -3,333
      11
      -526
      71
      1,750
      200
      2,447
      -2,929
      -342
      441
      305
      300
      627
      320
      151
      2,493
      24
      407
      49
      -264
      550
      496
      930
      335
      905
      -707
      -68
      12
      580
      104
      -733
      -4,039
      -2,762
      244
      132
      300
      285
      648
      324
      484
      420
      280
      336
      350
      348
      1,474
      232
      323
      301
      998
      464
      1,432
      -83
      481
      304
      301
      255
      378
      276
      282
      433
      246
      490
      730
      505
      315
      650
      420
      380
      722
      300
      512
      -202
      36
      550
      468
      -1,946
      -106
      459
      -346
      -3,297
      -42
      -2,516
      425
      430
      544
      295
      315
      273
      295
      200
      288
      284
      357
      240
      320
      160
      255
      745
      543
      294
      288
      192
      224
      440
      957
      350
      -1,392
      36
      384
      540
      3
      550
      115
      810
      180
      91
      2,149
      476
      1,258
      -124
      -4,182
      -814
      917
      -2,006
      300
      525
      1,907
      150
      663
      491
      2,630
      352
      4,433
      4,512
      109
      -1,426
      -544
      737
      432
      198
      208
      560
      286
      354
      375
      390
      255
      -272
      435
      286
      2,057
      -1,670
      -2,221
      -196
      2,652
      -226
      -1,585
      -442
      1,835
      8
      -1,470
      -243
      1,952
      144
      12,858
      2,661
      -1,211
      -1,405
      -1,498
      -4,524
      -403
      1,183
      5,501
      3,356
      -8,020
      -3,015
      -5,088
      -3,270
      -5,267
      -1,184
      -1,514
      -130
      -1,348
      -310
      310
      6,443
      -2,602
      -737
      -3,542
      -7,978
      -2,993
      -3,187
      -648
      -4,391
      -12,361
      -2,434
      -2,471
      -853
      -3,261
      237
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 -15,787
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 2,644
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 2,644
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 2,644
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 4,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,000
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.......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 1,356
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,356 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
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 arrowNorris E Mitchell Telephone no.right arrow (703) 759-4258

Located atright arrowPO Box 311McLeanVA ZIP+4right arrow221010311
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)
 
No
(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
 
 
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
 
No
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
 
 
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
Norris E Mitchell Trustee
0.00 		0 0 0
749 Boehms Court
Great Falls,VA22066
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
NONE
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
5,051,759
b
Average of monthly cash balances.......................
1b
163,413
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,215,172
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
5,215,172
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
78,228
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,136,944
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
256,847
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
256,847
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,644
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,644
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
254,203
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
254,203
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
254,203
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
210,000
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
210,000
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 7 254,203
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
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...... 8,332
f Total of lines 3a through e ........ 8,332
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 210,000
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 210,000
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 8,332 8,332
(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 .......... 		35,871
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).)
Norris E Mitchell
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

Flint Hill School

3320 Jermantown Road
Oakton,VA22124 		None Exempt Organization Educational 210,000
Total .................................right arrow 3a 210,000
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 ........... 		    14 239  
4 Dividends and interest from securities ....     14 218,448  
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 -15,787  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 202,900 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
202,900
(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 Mitchell Foundation
 
Employer identification number

54-1852192
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 Mitchell Foundation
  		Employer identification number
54-1852192
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
Norris E Mitchell
749 Boehms Court
 
Great Falls, VA22066

$ 2,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
The Mitchell Foundation
  		Employer identification number

54-1852192
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
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
The Mitchell Foundation
  		Employer identification number

54-1852192
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 Mitchell Foundation
EIN:
54-1852192
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 4,900 2,450   0

TY 2023 InvestmentsCorpStockSchedule
Name:
The Mitchell Foundation
EIN:
54-1852192
Name of Stock End of Year Book Value End of Year Fair Market Value
1,680 Shs BCE 80,338 66,158
103,500 Shs UBSI 3,610,413 3,886,425
13 Shs Warner Brothers Discover 410 148
170 Shs Kinder Morgan 2,957 2,999
19 Shs WAB 1,483 2,411
2,002 Shs Vici PPTYS Inc. 62,144 63,824
350 Shs Chevron Corp 41,170 52,206
462 Shs GE 90,206 58,965
54 Shs AT&T 1,343 906
558 Shs Merck & Co Inc. 52,991 60,833
57 Shs Annaly 1,940 1,104
154 Shs GE Healthcare Technology 23,792 11,907
133 Shs United Bankshares 4,201 4,994
621 Shs Johnson Ctls 40,120 35,794
743 Shs Medtronic Plc 62,617 61,208
868 Shs Altria Group Inc. 39,592 35,015
1,000 Shs BCE Inc. 47,410 39,380
992 Shs Bristol-Myers Squibb Co 62,452 50,900
875 Shs Cisco Sys Inc. 47,495 44,205
852 Shs Comcast Corp 36,191 37,360
1,760 Shs Conagra Brands Inc. 64,684 50,442
694 Shs Dow Inc. 37,897 38,059
608 Shs Duke Energy Corp 54,943 59,000
535 Shs EOG Res Inc 63,428 64,708
367 Shs Exxon Mobil Corp 41,743 36,693
118 Shs General Dynamics Corp 25,017 30,641
94 Shs Genuine Parts Co 12,129 13,019
2,408 Shs Healthpeak Properties Inc 64,104 47,678
222 JPMorgan Chase 29,648 37,762
2,124 Shs Kenvue Inc 44,964 45,730
500 Shs Morgan Stanley 47,401 46,625
2,486 Shs PPL Corp 69,162 67,371
527 Shs Philip Morris Intl 52,393 49,580
43 Shs Qualcomm Inc 5,535 6,219
543 Shs RTX 52,206 45,688
689 Shs Realty Income Corp REIT 37,531 39,562
413 Shs Rio Tinto PLC 29,976 30,752
149 Shs Travelers Companies 24,842 28,383
1,241 Shs Truist Financial Corp 45,691 45,818
873 Shs Unilever PLC 47,582 42,323
146 Shs Union PAC Corp 31,575 35,861
1,558 Shs Verizon Communications 54,815 58,737
1,1181 Shs Baxter Intl Inc 50,166 45,657

TY 2023 OtherExpensesSchedule
Name:
The Mitchell Foundation
EIN:
54-1852192
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Oppenheimer Investment Management Fees 23,060 23,060   0
Misc Fees 388 388   0


TY 2023 OtherLiabilitiesSchedule
Name:
The Mitchell Foundation
EIN:
54-1852192
Description Beginning of Year - Book Value End of Year - Book Value
Call Option - Exxon Mobil Corp (Exp. 1/20/23) 441 0
Call Option - Merck Co. (Exp. 1/20/23) 730 0
Call Option - Morgan Stanley (Exp. 1/20/23) 425 0
Call Option - Citigroup Inc (Exp. 1/20/23) 518 0
Call Option - Duke Energy Corp (Exp. 1/20/23) 550 0
Call Option - Novartis AG (Exp. 1/20/23) 525 0
Call Option - AllState Corp (Exp. 1/20/23) 435 0
Call Option - Rio Tinto PLC (Exp. 1/20/23) 360 0
Call Option - Morgan Stanley (Exp. 1/19/24) 0 590
Call Option - Dow Inc. (Exp. 1/19/24) 0 252
Call Option - Truist Financial Corp (Exp. 1/19/24) 0 315
Call Option - Conagra Brands Inc. (Exp. 1/19/24) 0 356
Call Option - Merck Co. (Exp. 1/19/24) 0 575
Call Option - Baxter Intl (Exp. 1/19/24) 0 300
Call Option - Johnson Controls International (Exp. 1/19/24) 0 220
Call Option - Rio Tinto PLC (Exp. 1/19/24) 0 353


TY 2023 TaxesSchedule
Name:
The Mitchell Foundation
EIN:
54-1852192
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Taxes 2,600 2,600   0
Federal Taxes 1,363 0   0