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 EDWARD COLSTON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)3747 PEACHTREE RD NE APT 2522
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30319
A Employer identification number

58-1818739
B Telephone number (see instructions)

(404) 504-5416
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$15,279,358J 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) 763,525
2 Check right arrow.............
3 Interest on savings and temporary cash investments 3,263 3,263 3,263
4 Dividends and interest from securities... 393,071 393,071 393,071
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,011,851
b Gross sales price for all assets on line 6a 6,510,570
7 Capital gain net income (from Part IV, line 2)... 2,011,851
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........ 3,171,710 2,408,185 396,334
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 500      
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
1,800 1,800    
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
76,666 76,666    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
426 426    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,821    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
62,552 61,442    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 143,765 140,334   0
25 Contributions, gifts, grants paid....... 723,700 723,700
26 Total expenses and disbursements. Add lines 24 and 25 867,465 140,334   723,700
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,304,245
b Net investment income (if negative, enter -0-) 2,267,851
c Adjusted net income (if negative, enter -0-)... 396,334
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments.........      
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)....... 9,270,795 Click to see attachment
List of Attached Documents:
// Content
11,577,971 		15,279,358
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 arrow18,302
Less: accumulated depreciation (attach schedule) right arrow13,738 7,495 Click to see attachment
List of Attached Documents:
// Content
4,564 		 
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,278,290 11,582,535 15,279,358
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...........    
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........ 1,010,514 1,010,514
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 8,267,776 10,572,021
29 Total net assets or fund balances (see instructions)..... 9,278,290 11,582,535
30 Total liabilities and net assets/fund balances (see instructions). 9,278,290 11,582,535
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
9,278,290
2
Enter amount from Part I, line 27a .....................
2
2,304,245
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
11,582,535
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
11,582,535
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 TEVA PHARMACEUTICAL INDUSTRIES P 2022-02-02 2023-01-20
b CAREER EDUCATION COR P 2021-06-14 2023-09-29
c DEERE & CO P 1998-12-21 2023-10-31
d LILLY ELI & CO P 2008-04-16 2023-06-15
e GE HEALTHCARE TECHNOLOGIES P 2021-02-02 2023-01-09
QURATE RETAIL INC P 2020-02-18 2023-09-07
EXELON CORP P 2010-06-02 2023-05-18
QUALCOMM INC P 2015-04-29 2023-06-15
LENNAR CORP COM P 1988-05-18 2023-01-20
LIBERTY MEDIA CORP P 2023-07-21 2023-08-07
FORD MOTOR CO P 2016-05-19 2023-05-03
SHELL PLC ADR P 2008-10-03 2023-10-06
TEVA PHARMACEUTICAL INDUSTRIES P 2020-01-01 2023-01-20
SCHLUMBERGER LTD P 2020-02-24 2023-10-20
FEDEX CORP P 2022-03-03 2023-05-03
SANOFI S A ADR P 2011-05-13 2023-05-18
AUTOZONE P 2018-03-23 2023-09-14
NCR VOYIX CORP P 2018-08-21 2023-12-07
FISERV INC P 2021-08-06 2023-04-05
AT&T INC P 2002-07-11 2023-07-17
CARDINAL HEALTH INC P 2021-06-07 2023-06-22
NCR VOYIX CORP P 2023-03-27 2023-12-07
FEDEX CORP P 2022-05-31 2023-05-03
US BANCORP P 2022-02-02 2023-04-05
CVB FINL CORP P 2016-12-28 2023-12-19
WESTAMERICA BANCORP P 2016-12-28 2023-12-19
GENGERAL DYNAMICS P 2012-05-18 2023-10-06
US BANCORP P 2022-09-08 2023-04-05
FIRST CITIZEN BKSH A P 2016-12-28 2023-03-27
BOEING CO P 2016-12-06 2023-06-15
GENERAL ELECTRIC P 2012-05-18 2023-05-18
WHIRLPOOL CORP P 2005-12-29 2023-05-18
FIRST HAWAIIAN INCORP P 2017-03-27 2023-03-10
BP PLC ADR P 1993-01-07 2023-06-15
GE HEALTHCARE TECHNOLOGY P 2020-12-15 2023-05-03
HALEON PLC ADR P 2019-06-24 2023-08-22
BORG WARNER INC P 2015-10-13 2023-05-18
ALPHABET INC P 2023-01-20 2023-05-03
JOHNSON & JOHNSON P 2023-08-02 2023-09-07
CITIGROUP P 2011-03-22 2023-04-05
HALLIBURTON P 2007-05-01 2023-05-03
KENVUE INC P 2023-08-02 2023-08-25
CITIGROUP P 2022-09-08 2023-04-05
INTEL CORP P 2011-03-22 2023-05-18
LIBERTY ENERGY INC P 2021-12-14 2023-08-07
CONSTELLATION ENERGY P 2010-06-02 2023-10-31
INVESCO LTD P 1979-12-31 2023-06-15
NCR ATLEOS CORP P 2018-08-21 2023-10-17
CUMMINS INC P 2015-12-10 2023-06-15
JOHNSON & JOHNSON P 2003-06-05 2020-10-31
PITNEY BOWES P 2021-08-18 2023-11-02
CISCO P 2016-12-06 2023-10-06
LEGGETT & PLATT INC P 2023-06-15 2023-11-14
(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 52,348   43,650 8,698
b 7,890   5,956 1,934
c 182,309   7,534 174,775
d 226,989   25,950 201,039
e 20   19 1
3,235   39,703 -36,468
234,447   159,779 74,668
368,097   188,432 179,665
156,637   6,661 149,976
11,383   10,489 894
300,519   297,315 3,204
532,510   408,239 124,271
52,348   213,439 -161,091
14,966   7,154 7,812
180,622   177,560 3,062
214,561   154,440 60,121
50,951   12,953 37,998
33,243   30,749 2,494
223,478   218,651 4,827
135,195   202,791 -67,596
39,804   25,505 14,299
1,334     1,334
2,105     2,105
139,799   189,578 -49,779
13,349   14,648 -1,299
10,481   11,744 -1,263
161,316   49,771 111,545
    23,371 -23,371
60,643   18,788 41,855
306,009   198,425 107,584
259,144   173,095 86,049
158,569   101,052 57,517
41,926   43,006 -1,080
141,420   82,842 58,578
65,605   45,636 19,969
31,147   24,652 6,495
133,589   106,561 27,028
211,999   193,780 18,219
7,397   7,868 -471
227,589   221,225 6,364
148,123   122,126 25,997
17   16 1
    8,079 -8,079
206,359   145,052 61,307
4,543   2,169 2,374
226,194   67,314 158,880
83,674   223 83,451
11   11  
235,358   89,960 145,398
294,817   104,110 190,707
2,854   5,423 -2,569
264,389   146,735 117,654
48,997   64,490 -15,493
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       8,698
b       1,934
c       174,775
d       201,039
e       1
      -36,468
      74,668
      179,665
      149,976
      894
      3,204
      124,271
      -161,091
      7,812
      3,062
      60,121
      37,998
      2,494
      4,827
      -67,596
      14,299
      1,334
      2,105
      -49,779
      -1,299
      -1,263
      111,545
      -23,371
      41,855
      107,584
      86,049
      57,517
      -1,080
      58,578
      19,969
      6,495
      27,028
      18,219
      -471
      6,364
      25,997
      1
      -8,079
      61,307
      2,374
      158,880
      83,451
       
      145,398
      190,707
      -2,569
      117,654
      -15,493
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 2,011,851
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 -16,163
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 31,523
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 31,523
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 31,523
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 10,224
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,224
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 5
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 21,304
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   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 arrowGA
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 arrowEDWARD C MITCHELL JR Telephone no.right arrow (404) 504-5416

Located atright arrow3747 PEACHTREE RD NE APT 2522ATLANTAGA ZIP+4right arrow30319
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
 
 
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
EDWARD C MITCHELL JR PRESIDENT/DI
000.00 		0 0 0
3747 PEACHTREE RD NE APT 2522
ATLANTA,GA30319
VIRGINIA C MITCHELL DIRECTOR
000.00 		0 0 0
3747 PEACHTREE RD NE APT 2522
ATLANTA,GA30319
JENNIFER B HOVIS SECRETARY
000.00 		0 0 0
3747 PEACHTREE RD NE APT 2522
ATLANTA,GA30319
EDWARD C MITCHELL III DIRECTOR
000.00 		0 0 0
3747 PEACHTREE RD NE APT 2522
ATLANTA,GA30319
AMANDA K MITCHELL DIRECTOR
000.00 		0 0 0
3747 PEACHTREE RD NE APT 2522
ATLANTA,GA30319
DUSTIN MARTIN DIRECTOR
000.00 		500 0 0
3747 PEACHTREE RD NE APT 2522
ATLANTA,GA30319
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 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
14,534,409
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
14,534,409
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
14,534,409
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
218,016
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,316,393
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
715,820
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
715,820
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
31,523
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
31,523
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
684,297
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
684,297
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
684,297
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
723,700
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
723,700
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 7 684,297
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 10,410
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$ 723,700
a Applied to 2022, but not more than line 2a 10,410
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..... 684,297
e Remaining amount distributed out of corpus 28,993
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 28,993
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 .......... 		0
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 ...... 		28,993
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.... 28,993
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 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

AMERICAN RIVERS ANGLERS FUND

1101 14TH STREET NW
WASHINGTON,DC20005 		  PUBLIC GENERAL USE 2,500

ATLANTA HABITAT FOR HUMANITY

519 MEMORIA DR SE
ATLANTA,GA30312 		  PUBLIC GENERAL USE 10,000

ATLANTA MISSION

2353 BOLTON RD NW
ATLANTA,GA30318 		  PUBLIC GENERAL USE 7,500

ATLANTA YOUTH ACADEMY

750 GLENWOOD AVE SE
ATLANTA,GA30316 		  PUBLIC GENERAL USE 12,000

BLUE MONARCH

PO BOX 1207
MONTEAGLE,TN37356 		  PUBLIC GENERAL USE 7,500

CARE USA

151 ELLIS STREET NE
ATLANTA,GA30303 		  PUBLIC GENERAL USE 10,000

CATHOLIC CHARITIES

2050 BALLENGER AVENUE
ALEXANDRIA,VA22314 		  PUBLIC GENERAL USE 15,000

CATHOLIC RELIEF SERVICES

228 WEST LEXINGTON STREET
BALTIMORE,MD21201 		  PUBLIC GENERAL USE 35,000

CENTRAL ASIA INSTITUTE

PO BOX 7209
BOZOEMAN,MT59771 		  PUBLIC GENERAL USE 5,000

CHILDRENS HEALTHCARE OF ATLANTA

1687 TULLIE CIRCLE NE
ATLANTA,GA30329 		  PUBLIC GENERAL USE 30,000

COASTAL CONSERVATION LEAGUE

49 CALHOUN STREET
CHARLESTON,SC29401 		  PUBLIC GENERAL USE 10,000

COVENANT HOUSE OF GEORGIA

346 WEST 17TH STREET
NEW YORK,NY10011 		  PUBLIC GENERAL USE 5,000

CRISTO REY ATLANTA JESUIT HIGH SCHO

680 WEST PEACHTREE STREET
ATLANTA,GA30308 		  PUBLIC GENERAL USE 25,000

DOCTORS WITHOUT BOARDERS

333 SEVENTH AVE 2ND FL
NEW YORK,NY10001 		  PUBLIC GENERAL USE 35,000

EAGLE RANCH

5500 UNION CHURCH RD
FLOWERY BRANCH,GA30542 		  PUBLIC GENERAL USE 5,000

EARTH UNIVERSITY FOUNDATION

3525 PIEDMONT RD NE
ATLANTA,GA30305 		  PUBLIC GENERAL USE 35,000

FAMILIES FIRST

1105 WEST PEACHTREE ST NE
ATLANTA,GA30309 		  PUBLIC GENERAL USE 5,000

FOOD FOR THE POOR

6401 LYONS ROAD
COCONUT CREEK,FL33073 		  PUBLIC GENERAL USE 25,000

GOOD SAMARITAN HEALTH CENTER

1015 DONALD LEE HOLLOWELL
ATLANTA,GA30318 		  PUBLIC GENERAL USE 40,000

GORDON COLLEGE FOUNDATION

419 COLLEGE DRIVE
BARNESVILLE,GA30204 		  PUBLIC GENERAL USE 30,000

MERCY CARE FOUNDATION

424 DECATUR STREET
ATLANTA,GA30312 		  PUBLIC GENERAL USE 40,000

NATURE CONSERVANCY

1330 WEST PEACHTREE ST NW
ATLANTA,GA30309 		  PUBLIC GENERAL USE 15,000

PARTNERS IN HEALTH

PO BOX 996
FREDERICK,MD21705 		  PUBLIC GENERAL USE 15,000

PRSF

310 OKATIE HIGHWAY
OKATIE,SC29909 		  PUBLIC GENERAL USE 5,000

REACH FOR EXCELLENCE

3790 ASHFORD DUNWOODY RD
ATLANTA,GA30319 		  PUBLIC GENERAL USE 15,000

RED EARTH RISING

2442 NW 1ST STREET
BEND,OR97701 		  PUBLIC GENERAL USE 10,000

SHEPARD CENTER FOUNDATION

2020 PEACHTREE ROAD
ATLANTA,GA30309 		  PUBLIC GENERAL USE 30,000

SOUTHERN ENVIRONMENTAL LAW CENTER

201 WEST MAIN STREET
CHARLOTTESVILLE,VA22902 		  PUBLIC GENERAL USE 25,000

SPRING ISLAND TRUST

40 MOBLEY OAKS LN
OKATIES,SC29909 		  PUBLIC GENERAL USE 10,000

ST VINCENT DE PAUL

2050-C CHAMBLEE TUCKER RD
ATLANTA,GA30341 		  PUBLIC GENERAL USE 17,500

SUSTAINABLE HARVEST INTERNATIONAL

PO BOX 1447
ELLSWORTH,ME04605 		  PUBLIC GENERAL USE 10,000

THE ANCHOR SOCIETY

29 ALMA VALE ROAD
BRISTOL,GA30327 		  PUBLIC GENERAL USE 1,000

THE DOLPHIN SOCIETY

17 ST AUGUSTINES ROAD
BRISTOL,GA30327 		  PUBLIC GENERAL USE 1,000

THE GRATEFUL SOCIETY

3 TEMPLE QUAY TEMPLE
BRISTOL,GA30327 		  PUBLIC GENERAL USE 1,000

THE UNIVERSITY OF COLORADO FOUNDATI

995 REGENT DRIVE
BOULDER,CO80306 		  PUBLIC GENERAL USE 10,000

UVA ALUMNI ASSOCIATION

211 EMMET ST
CHARLOTTESVILLE,VA22903 		  PUBLIC GENERAL USE 1,000

VISITING NURSESHOSPICE ATLANTA

1244 PARK VISTA DRIVE NE
ATLANTA,GA30319 		  PUBLIC GENERAL USE 5,000

WORLD CENTRAL KITCHEN

1342 FLORIDA AVE NW
WASHINGTON,DC20009 		  PUBLIC GENERAL USE 20,000

BCM GEORGIA

2847 PIEDMONT RD NE
ATLANTA,GA30305 		  PUBLIC GENERAL USE 10,000

CAMP SUNSHINE

1850 CLAIRMONT RD
DECATUR,GA30033 		  PUBLIC GENERAL USE 2,500

COLLEGE FOUNDATION OF THE UVA

PO BOX 400801
CHARLOTTESVILLE,VA22904 		  PUBLIC GENERAL USE 10,000

FRIENDS OF HAITI IN NY

1413 STANLEY AVE
BROOKLYN,NY11208 		  PUBLIC GENERAL USE 47,700

HOPE TREE MINISTRIES

110 CARLEETA ST
BARNESVILLE,GA30204 		  PUBLIC GENERAL USE 10,000

TUNNEL TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		  PUBLIC GENERAL USE 10,000

CITRUS COUNTY EDUCATION FOUNDATION

1201 W MAIN ST
IVERNESS,FL34450 		  PUBLIC GENERAL USE 10,000

MARSHVIEW COMMUNITY ORGANIC FARM

12 GEORGEES TRAIL ST
HELENA,SC29920 		  PUBLIC GENERAL USE 10,000

SAMARITAN'S PURSE

PO BOX 3000
BOONE,NC28607 		  PUBLIC GENERAL USE 10,000

SOUTH RIVER WATERSHED ALLIANCE

PO BOX 1341
DECATUR,GA30031 		  PUBLIC GENERAL USE 10,000

THE EXTENSION

PO BOX 793
MARIETTA,GA30061 		  PUBLIC GENERAL USE 5,000

THE SALVATION ARMY

615 SLATERS LANE
ALEXANDRIA,VA22314 		  PUBLIC GENERAL USE 2,500

THE WOODRUFF ARTS CENTER

1280 PEACHTREE STREET NE
ATLANTA,GA30309 		  PUBLIC GENERAL USE 5,000
Total .................................right arrow 3a 723,700
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 ........... 		    14 3,263  
4 Dividends and interest from securities ....     14 393,071  
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 ............ 		    14 2,011,851  
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) ..   2,408,185  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,408,185
(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 EDWARD COLSTON FOUNDATION INC
 
Employer identification number

58-1818739
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 EDWARD COLSTON FOUNDATION INC
  		Employer identification number
58-1818739
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
EDWARD C MITCHELL JR
3747 PEACHTREE RD NE APT 2522
 
ATLANTA, GA30319

$ 763,525


(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 EDWARD COLSTON FOUNDATION INC
  		Employer identification number

58-1818739
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 2500 SHARES OF MSFT $ 763,525 2023-05-04
(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 EDWARD COLSTON FOUNDATION INC
  		Employer identification number

58-1818739
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 EDWARD COLSTON FOUNDATION INC
EIN:
58-1818739
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
  1,800 1,800    

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

TY 2023 AmortizationSchedule
Name:
THE EDWARD COLSTON FOUNDATION INC
EIN:
58-1818739
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
DESIGNER'S FEE/COMMISSION 2019-06-11 5,554 3,981 5.0000 1,110     5,091

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

TY 2023 DepreciationSchedule
Name:
THE EDWARD COLSTON FOUNDATION INC
EIN:
58-1818739
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
DESK AND SIDE TABLE 2019-01-25 7,600 4,252 S/L 7.0000 1,086      
CHAIRS/LAMP/TABLE 2019-06-25 5,148 2,574 S/L 7.0000 735      

TY 2023 InvestmentsCorpStockSchedule
Name:
THE EDWARD COLSTON FOUNDATION INC
EIN:
58-1818739
Name of Stock End of Year Book Value End of Year Fair Market Value
AMERITRADE    
CHARLES SCHWAB - 1593 958,733 1,274,398
CHARLES SCHWAB - 9473 10,619,238 14,004,960

TY 2023 LandEtcSchedule2
Name:
THE EDWARD COLSTON FOUNDATION INC
EIN:
58-1818739
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
  18,302 13,738 4,564  


TY 2023 OtherExpensesSchedule
Name:
THE EDWARD COLSTON FOUNDATION INC
EIN:
58-1818739
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INVESTMENT MANAGEMNET FEES 59,615 59,615    
BANK CHARGES 207 207    
DUES 815 815    
LICENSES AND FEES 50 50    
OFFICE SUPPLIES 595 595    
SUBSCRIPTIONS 160 160    


TY 2023 OtherProfessionalFeesSchedule
Name:
THE EDWARD COLSTON FOUNDATION INC
EIN:
58-1818739
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
  76,666 76,666    


TY 2023 TaxesSchedule
Name:
THE EDWARD COLSTON FOUNDATION INC
EIN:
58-1818739
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES - AMERITRADE 426 426