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
ABNEY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)100 VINE STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ANDERSON, SC29621
A Employer identification number

57-6019445
B Telephone number (see instructions)

(864) 964-9201
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$47,080,120J Accounting method:
MODIFIED CASH
(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) 17,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,035,278 1,035,278  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,194,128
b Gross sales price for all assets on line 6a 17,142,518
7 Capital gain net income (from Part IV, line 2)... 5,194,128
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........ 6,246,406 6,229,406  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 329,983 204,099   125,883
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 116,510 73,159   43,351
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
3,720 1,860   1,860
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,000 5,500   5,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
202,518 202,518    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
48,373 11,873    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
7,864    
20 Occupancy.............. 5,049 3,787   1,262
21 Travel, conferences, and meetings....... 12,488 6,244   6,244
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
29,609 14,803   14,806
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 767,114 523,843   198,906
25 Contributions, gifts, grants paid....... 2,031,350 2,031,350
26 Total expenses and disbursements. Add lines 24 and 25 2,798,464 523,843   2,230,256
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,447,942
b Net investment income (if negative, enter -0-) 5,705,563
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............. 35,046 35,837 35,837
2 Savings and temporary cash investments......... 2,993,359 707,662 707,662
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) 6,640,897 Click to see attachment
List of Attached Documents:
// Content
8,084,529 		8,084,529
b Investments—corporate stock (attach schedule)....... 27,392,566 Click to see attachment
List of Attached Documents:
// Content
30,053,741 		30,053,741
c Investments—corporate bonds (attach schedule)....... 4,190,148 Click to see attachment
List of Attached Documents:
// Content
5,748,559 		5,748,559
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).......... 1,579,027 Click to see attachment
List of Attached Documents:
// Content
2,019,997 		2,019,997
14 Land, buildings, and equipment: basis right arrow470,911
Less: accumulated depreciation (attach schedule) right arrow363,076 115,700 Click to see attachment
List of Attached Documents:
// Content
107,835 		429,795
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,946,743 46,758,160 47,080,120
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)    
23 Total liabilities (add lines 17 through 22).........   0
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........... 42,946,743 46,758,160
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)..... 42,946,743 46,758,160
30 Total liabilities and net assets/fund balances (see instructions). 42,946,743 46,758,160
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
42,946,743
2
Enter amount from Part I, line 27a .....................
2
3,447,942
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
363,475
4
Add lines 1, 2, and 3 ..........................
4
46,758,160
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
46,758,160
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 17,128,641   11,948,390 5,180,251
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       5,180,251
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 5,194,128
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 5,180,251
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 79,307
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 79,307
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 79,307
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 36,924
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 86,924
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 1,059
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 6,558
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow6,558 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 arrow
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 arrowWWW.ABNEYFOUNDATION.ORG
14
The books are in care ofright arrowTRUSTEES Telephone no.right arrow (864) 964-9201

Located atright arrow100 VINE STREETANDERSONSC ZIP+4right arrow29621
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
 
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
JOHN R FULP JR CHAIRMAN
10.00 		0 0 0
100 VINE STREET
ANDERSON,SC29621
LISA C MCWHERTER VICE CHAIR
40.00 		168,173 55,131 0
100 VINE STREET
ANDERSON,SC29621
CARL T EDWARDS EXEC DIR EME
20.00 		41,177 8,557 0
100 VINE STREET
ANDERSON,SC29621
BONNIE K NASH SECR/TREAS
40.00 		105,633 29,220 0
100 VINE STREET
ANDERSON,SC29621
LEBRENA F CAMPBELL TRUSTEE
1.00 		0 0 0
100 VINE STREET
ANDERSON,SC29621
JOHN R FULP III TRUSTEE
1.00 		0 0 0
100 VINE STREET
ANDERSON,SC29621
JOHN T MEEHAN MD TRUSTEE
1.00 		7,500 0 0
100 VINE STREET
ANDERSON,SC29621
JAMES E SHERIFF TRUSTEE
1.00 		7,500 0 0
100 VINE STREET
ANDERSON,SC29621
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  
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
TRUIST BANK INVESTMENT 128,198
PO BOX 919798
ORLANDO,FL328919798
STOKES CAPITAL ADVISORS LLC INVESTMENT 74,320
101 VENTURE CT
GREENWOOD,SC29649
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
44,996,747
b
Average of monthly cash balances.......................
1b
60,817
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
45,057,564
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
45,057,564
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
675,863
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
44,381,701
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,219,085
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
2,219,085
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
79,307
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
79,307
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,139,778
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,139,778
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,139,778
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
2,230,256
b
Program-related investments—total from Part VIII-B..................
1b
 
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
2,230,256
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 2,139,778
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,955,749
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,230,256
a Applied to 2022, but not more than line 2a 1,955,749
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 274,507
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		1,865,271
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
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).)
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 e-mail address of the person to whom applications should be addressed:
LISA MCWHERTER
100 VINE STREET
ANDERSON,SC29621
(864) 964-9201
INFO@ABNEYFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
APPLICANTS MAY SUBMIT A LETTER OF INTENT BRIEFLY DESCRIBING THE PROJECT BEFORE SUBMITTING A PROPOSAL IN ORDER TO FIND OUT IF THEIR IDEAS ARE POTENTIALLY FUNDABLE BY THE FOUNDATION. THE ABNEY FOUNDATION'S WEBSITE PROVIDES A LIST OF INFORMATION THAT SHOULD BE PROVIDED IN APPLYING FOR GRANTS.
cAny submission deadlines:
NOVEMBER 15
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE GENERAL POLICY OF THE ABNEY FOUNDATION IS TO MAKE GRANTS FOR INNOVATIVE AND CREATIVE PROJECTS, AND TO PROGRAMS WHICH ARE RESPONSIVE TO CHANGING COMMUNITY NEEDS IN THE AREAS OF HEALTH, SOCIAL SERVICE, EDUCATION AND CULTURAL AFFAIRS. WE GENERALLY DO NOT FUND REQUESTS FOR OPERATING EXPENSES. AGENCIES APPLYING FOR FUNDS SHOULD BE SERVING THE CITIZENS OF SOUTH CAROLINA.
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
ANDERSON PREGNANCY CARE


PO BOX 6161
ANDERSON,SC29623 		N/A PC PARENT AND ULTRASOUND TRAINING 5,000

ANDERSON AREA YMCA

201 EAST REED ROAD
ANDERSON,SC29621 		N/A PC SCHOLARSHIPS FOR CHILDCARE, ETC. 10,000

ANDERSON COUNTY PAWS

PO BOX 8002
ANDERSON,SC29621 		N/A PC STAFFING NEEDS 100,000

ANDERSON EMERGENCY KITCHEN

PO BOX 515
ANDERSON,SC29622 		N/A PC FACILITY PURCHASE ASSISTANCE 300,000

ANDERSON FREE CLINIC

PO BOX 728
ANDERSON,SC29622 		N/A PC HEALTHCARE SERVICES FOR LOW-INCOME 30,000

ANDERSON SCHOOL DIST 5

PO BOX 439
ANDERSON,SC29622 		N/A GOV ASSISTANCE FOR HOMELESS STUDENTS 20,000

ANDERSON SCHOOL DIST 5 EDUC FDTN

102 N MAIN STREET
ANDERSON,SC29621 		N/A SO I DOLLY PARTON IMAGINATION LIBRARY 5,000

ANDERSON UNIVERSITY

316 BOULEVARD
ANDERSON,SC29621 		N/A PC SCHOLARSHIP ENDOWMENT 200,000

BLUE RIDGE COUNCIL BSA

1 PARK PLAZA
GREENVILLE,SC29607 		N/A PC SUPPORT BSA PROGRAM IN ANDERSON CTY 10,000

CALVARY HOME FOR CHILDREN

110 CALVARY HOME CIRCLE
ANDERSON,SC29621 		N/A PC FOSTER CARE TRAINING 4,000

CANCER ASSOC OF ANDERSON

215 EAST CALHOUN STREET
ANDERSON,SC29621 		N/A PC CANCER CARE PROGRAM 20,000

CHAMPIONS CTR FOR SPECIAL CHILDREN

1700 SOUTH FANT STREET
ANDERSON,SC29624 		N/A PC TECHNOLOGY UPGRADES 5,000

CLAFLIN UNIVERSITY

400 MAGNOLIA STREET
ORANGEBURG,SC29115 		N/A PC SCHOLARSHIP ENDOWMENT 200,000

CLEAN START

219 TOWNSEND STREET
ANDERSON,SC29625 		N/A PC GENERAL SUPPORT 5,000

ETV ENDOWMENT OF SC

401 E KENNEDY STREET
SPARTANBURG,SC29302 		N/A PC PBS CHILDRENS PROGRAMMING 15,000

FIRST LIGHT

216 EAST CALHOUN STREET
ANDERSON,SC29621 		N/A PC TREATMENT AND SUPPORT SERVICES 20,000

GIRLS SCOUTS OF SC MTNS TO MIDLAND

5 INDEPENDENCE POINT
GREENVILLE,SC29615 		N/A PC GIRL SCOUT PROGRAM IN ANDERSON CTY 10,000

HABITAT FOR HUMANITY

210 SOUTH MURRAY AVENUE
ANDERSON,SC29624 		N/A PC NEW HOME CONSTRUCTION 15,000

HAVEN OF REST MINISTRIES

PO BOX 466
ANDERSON,SC29622 		N/A PC FACILITIES UPGRADES 15,000

HOME WITH A HEART

220 JAMES MATTISON ROAD
LIBERTY,SC29657 		N/A PC GENERAL SUPPORT 5,000

HOSPICE OF THE UPSTATE

1835 ROGERS ROAD
ANDERSON,SC29621 		N/A PC CHPN CERTIFICATION PROGRAM 15,000

LANDER UNIVERSITY

320 STANLEY AVENUE
GREENWOOD,SC29649 		N/A SO III FI SCHOLARSHIP ENDOWMENT 100,000

MEALS ON WHEELS

PO BOX 285
ANDERSON,SC29622 		N/A PC RAW FOOD BUDGET 25,000

MUSCHOLLINGS CANCER CENTER

179 ASHLEY AVE MSC 001
CHARLESTON,SC29425 		N/A SO III FI SCHOLARSHIP ENDOWMENT 250,000

PLAY SAFE

713 E GREENVILLE STREET
ANDERSON,SC29621 		N/A PC ANDERSON COUNTY STUDENTS 10,000

PRESBYTERIAN COLLEGE

503 SOUTH BROAD STREET
CLINTON,SC29325 		N/A PC SCHOLARSHIP ENDOWMENT 100,000

SC GOVERNOR'S SCHOOL SCIENCEMATH

2711 MIDDLEBURG DRIVE
COLUMBIA,SC29204 		N/A PC SUMMER CAMP SCHOLARSHIPS 10,000

SECOND CHANCE CHURCH

3233 ML KING JR BOULEVARD
ANDERSON,SC29625 		N/A PC GENERAL SUPPORT 150,000

SECOND HARVEST FOOD BANK

500-B SPRATT STREET
CHARLOTTE,NC28206 		N/A PC REPLACE PALLET SCALE 10,000

SHALOM HOUSE MINISTRIES

349 BLAKE DAIRY ROAD
BELTON,SC29627 		N/A PC REPAIRS/UPDATES 12,000

SOUTH MAIN BAPTIST CHURCH

PO BOX 1093
GREENWOOD,SC29648 		N/A PC GENERAL SUPPORT 44,350

SOUTH MAIN CHAPEL AND MERCY CENTER

PO BOX 13545
ANDERSON,SC29622 		N/A PC GENERAL SUPPORT 18,000

THE CITADEL

171 MOULTRIE STREET
CHARLESTON,SC29409 		N/A GOV SCHOLARSHIP ENDOWMENT 100,000

THE SALVATION ARMY

PO BOX 43
ANDERSON,SC29622 		N/A PC EMERGENCY SERVICES PROGRAMS 40,000

TRI-COUNTY TECHNICAL COLLEGE

PO BOX 587
PENDLETON,SC29670 		N/A PC ENDOWMENT SCHOLARSHIP FUNDING 100,000

UNITED WAY OF ANDERSON COUNTY

PO BOX 2067
ANDERSON,SC29622 		N/A PC WEEKEND SNACKPACK PROGRAM 15,000

THE LOT PROJECT

PO BOX 4181
ANDERSON,SC29622 		N/A PC REPAIRS AND MAINTENANCE 5,000

THE POTTER'S PLACE

738 CLAYTON STREET
CENTRAL,SC29630 		N/A PC THE GRIEVING POOL PROJECT 5,000

FAMILY PROMISE OF ANDERSON COUNTY

PO BOX 1466
ANDERSON,SC29622 		N/A PC ASSISTANCE FOR HOMELESS 18,000

THE PERIOD PROJECT

PO BOX 402
GREENVILLE,SC29603 		N/A PC GENERAL SUPPORT 10,000
Total .................................right arrow 3a 2,031,350
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,035,278  
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 5,194,128  
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) ..   6,229,406  
13Total. Add line 12, columns (b), (d), and (e)..................
13
6,229,406
(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
ABNEY FOUNDATION
 
Employer identification number

57-6019445
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
ABNEY FOUNDATION
  		Employer identification number
57-6019445
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
JOHN T MEEHAN
106 CONCORD ROAD
 
ANDERSON, SC29621

$ 17,000


(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
ABNEY FOUNDATION
  		Employer identification number

57-6019445
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
ABNEY FOUNDATION
  		Employer identification number

57-6019445
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:
ABNEY FOUNDATION
EIN:
57-6019445
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 11,000 5,500   5,500

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

TY 2023 DepreciationSchedule
Name:
ABNEY FOUNDATION
EIN:
57-6019445
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING AT 100 VINE ST 1999-04-30 235,000 142,863 S/L 39.0000 6,026      
BUILDING IMPROVEMENT 1999-05-15 2,962 2,962 S/L 7.0000        
STAINED CABINETS IN 2001-07-17 2,500 2,500 S/L 15.0000        
PAINTING BY MR. LANI 2001-05-04 1,125 1,125 S/L 7.0000        
ROOF 2002-12-02 6,375 3,276 S/L 39.0000 164      
PAINT OFFICE 2003-01-23 6,460 6,460 S/L 7.0000        
WALLPAPER OFFICE 2003-02-03 11,131 11,131 S/L 7.0000        
CARPET OFFICE 2003-02-20 6,612 6,612 S/L 7.0000        
C&W ELECTRIC-UPGRADE ALARM SYSTEM 2004-05-12 1,440 1,440 S/L 7.0000        
A-1 HEATING & AIR - NEW HEAT/AIR 2006-02-21 12,748 12,748 S/L 7.0000        
PAINT TRIM ON O/S BLDG 2007-07-10 1,275 1,275 S/L 7.0000        
PAVING DONE BY SMITHCO ASPHALT 2010-02-11 6,260 6,260 S/L 7.0000        
ELECTRICAL WIRING 2011-04-19 3,105 929 S/L 39.0000 80      
RENOVATIONS - OFFICE TRIM 2011-08-17 4,910 3,737 S/L 15.0000 328      
PORTRAITS-MRS. ROSE 1998-12-21 453 453 S/L 7.0000        
REFRIGERATOR 1999-05-06 766 766 S/L 7.0000        
DESK CHAIR-MR. EDW 1999-05-24 1,049 1,049 S/L 7.0000        
SIGN 1999-06-15 1,969 1,969 S/L 7.0000        
CARLETTE'S DESK 1999-07-15 2,414 2,414 S/L 7.0000        
MR. FULP'S DESK 1999-07-21 2,448 2,448 S/L 7.0000        
MR. FULP'S CHAIR 1999-07-21 1,245 1,245 S/L 7.0000        
MR. FULP'S SWIVEL CHAIR 1999-07-21 1,107 1,107 S/L 7.0000        
2 SIDE CHAIRS FOR MR 1999-07-21 1,284 1,284 S/L 7.0000        
MRS. ROSE LEATHER SOFA 1999-08-20 3,274 3,274 S/L 7.0000        
BRASS DESK ACCESSORIES 1999-09-03 522 522 S/L 7.0000        
CONSOLE 1999-09-09 875 875 S/L 7.0000        
MRS. ROSE'S DESK 1999-09-09 1,569 1,569 S/L 7.0000        
CARLETTE'S DRAPERIES 1999-10-01 642 642 S/L 7.0000        
DESK - LEBRENA 1999-10-08 1,049 1,049 S/L 7.0000        
2 SIDE CHAIRS FOR CA 1999-10-19 754 754 S/L 7.0000        
2 SIDE CHAIRS FOR LE 1999-11-01 1,048 1,048 S/L 7.0000        
LIGHTED CABINET 2000-04-11 2,998 2,998 S/L 7.0000        
CURIO FOR LEBRENA'S 2000-05-12 1,259 1,259 S/L 7.0000        
CONFERENCE TABLE & CHAIRS 2000-11-04 10,425 10,425 S/L 7.0000        
LUXURY CRYSTAL 2000-02-01 1,356 1,356 S/L 7.0000        
PICTURE OF TRUSTEES 2001-01-15 609 609 S/L 7.0000        
DESK UNIT DAVID 2008-04-16 2,532 2,532 S/L 7.0000        
DESK TOP AND RENOV TO DAVID'S OFFICE 2011-07-31 11,650 11,650 S/L 7.0000        
XEROX CORP - NEW COPIER 2006-06-01 1,678 1,678 S/L 5.0000        
DESKTOP COMPUTER - DCK 2007-07-09 1,440 1,440 S/L 5.0000        
LAPTOP-CONFERENCE RM 2008-03-13 1,033 1,033 S/L 5.0000        
LAPTOP EDD SHERIFF 2008-03-13 741 741 S/L 5.0000        
STORAGE BLDG 2002-11-07 4,997 4,997 S/L 7.0000        
CHAIR - LEBRENA 1999-10-08 536 536 S/L 7.0000        
EXTERIOR TRIM PAINT 2012-07-11 1,200 1,200 S/L 7.0000        
OFFICE EQUIPMENT 2013-12-27 3,002 3,002 S/L 5.0000        
SECURITY SYSTEM 2014-07-01 2,720 2,312 S/L 10.0000 272      
2015 LEXUS RX 350 2016-09-23 27,050 27,050 S/L 5.0000        
VOLVO XC90 2018-06-12 51,742 51,742 S/L 5.0000        
EXT DOOR JRF OFFCE, INTERIOR GLASS DOOR-HALL 2018-07-23 12,926 1,478 S/L 39.0000 331      
TELEPHONE SYSTEM 2018-10-15 1,447 1,303 S/L 5.0000 144      
SAF-GUARD CAMERA SECURITY SYSTEM 2022-11-10 5,200 5,200 200DB 7.0000 519      

TY 2023 ExplnOfNonFilingWithAGStmt
Name:
ABNEY FOUNDATION
EIN:
57-6019445
Statement:
THE SC ATTORNEY GENERAL'S OFFICE NO LONGER REQUESTS A COPY OF FORM 990-PF ON AN ANNUAL BASIS. THE ATTORNEY GENERAL'S OFFICE RESERVES THE RIGHT TO REQUEST THE FORM AS NEEDED. THE FOUNDATION WILL COMPLY WITH ANY REQUESTS MADE AS NEEDED.

TY 2023 InvestmentsCorpBondsSchedule
Name:
ABNEY FOUNDATION
EIN:
57-6019445
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 5,748,559 5,748,559
ASSET BACKED BONDS    

TY 2023 InvestmentsCorpStockSchedule
Name:
ABNEY FOUNDATION
EIN:
57-6019445
Name of Stock End of Year Book Value End of Year Fair Market Value
COMMON STOCKS SCHWAB 12,022,805 12,022,805
COMMON STOCKS TRUIST 18,030,936 18,030,936

TY 2023 InvestmentsGovtObligationsSch
Name:
ABNEY FOUNDATION
EIN:
57-6019445
US Government Securities - End of Year Book Value:

6,660,165
US Government Securities - End of Year Fair Market Value:

6,660,165
State & Local Government Securities - End of Year Book Value:


1,424,364
State & Local Government Securities - End of Year Fair Market Value:


1,424,364


TY 2023 InvestmentsOtherSchedule2
Name:
ABNEY FOUNDATION
EIN:
57-6019445
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALTERNATIVE INVESTMENTS FMV 590,450 590,450
MUTUAL FUNDS FMV 1,429,547 1,429,547

TY 2023 LandEtcSchedule2
Name:
ABNEY FOUNDATION
EIN:
57-6019445
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING IMPROVEMENTS 81,030 64,035 16,995  
BUILDINGS 239,997 153,886 86,111 424,597
FURNITURE AND FIXTURES 53,831 53,831    
OFFICE EQUIPMENT 17,261 12,532 4,729 5,198
VEHICLES 78,792 78,792    


TY 2023 LegalFeesSchedule
Name:
ABNEY FOUNDATION
EIN:
57-6019445
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL SERVICES 3,720 1,860   1,860


TY 2023 OtherExpensesSchedule
Name:
ABNEY FOUNDATION
EIN:
57-6019445
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
DUES & SUBSCRIPTIONS 1,137 568   569
GENERAL INSURANCE 7,082 3,541   3,541
OFFICE EXPENSE 12,701 6,350   6,351
REPAIRS & MAINTENANCE 8,689 4,344   4,345


TY 2023 OtherIncreasesSchedule
Name:
ABNEY FOUNDATION
EIN:
57-6019445
Description Amount
NONDIVIDEND DISTRIBUTIONS 19,764
UNREALIZED GAIN ON INVESTMENTS 343,711


TY 2023 OtherProfessionalFeesSchedule
Name:
ABNEY FOUNDATION
EIN:
57-6019445
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT 202,518 202,518    


TY 2023 TaxesSchedule
Name:
ABNEY FOUNDATION
EIN:
57-6019445
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 11,873 11,873    
EXCISE TAXES 36,500