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 Chase Foundation of Virginia
 
Number and street (or P.O. box number if mail is not delivered to street address)350 Old Ivy Way 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Charlottesville, VA229034897
A Employer identification number

54-1770697
B Telephone number (see instructions)

(434) 293-9104
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$16,296,806J 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) 800,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 7,991 7,991  
4 Dividends and interest from securities... 345,144 345,144  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -174,552
b Gross sales price for all assets on line 6a 7,414,621
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
38,405 3,262  
12 Total. Add lines 1 through 11........ 1,016,988 356,397  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,530 0   10,530
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,998 4,998   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 7,706 0   7,706
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
84,437 84,163   274
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 107,671 89,161   18,510
25 Contributions, gifts, grants paid....... 802,500 802,500
26 Total expenses and disbursements. Add lines 24 and 25 910,171 89,161   821,010
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 106,817
b Net investment income (if negative, enter -0-) 267,236
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............. 710 2,324 2,324
2 Savings and temporary cash investments......... 338,855 843,023 843,023
3 Accounts receivable right arrow68,235
Less: allowance for doubtful accounts right arrow   52,077 68,235 68,235
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) 10,009,971 Click to see attachment
List of Attached Documents:
// Content
7,387,715 		7,495,319
b Investments—corporate stock (attach schedule)....... 2,999,975 Click to see attachment
List of Attached Documents:
// Content
5,305,409 		6,063,839
c Investments—corporate bonds (attach schedule)....... 1,180,763 Click to see attachment
List of Attached Documents:
// Content
896,625 		837,528
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).......... 590,788 Click to see attachment
List of Attached Documents:
// Content
798,726 		986,538
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,173,139 15,302,057 16,296,806
Liabilities 17 Accounts payable and accrued expenses.......... 29  
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)......... 29 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........ 15,173,110 15,302,057
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 15,173,110 15,302,057
30 Total liabilities and net assets/fund balances (see instructions). 15,173,139 15,302,057
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
15,173,110
2
Enter amount from Part I, line 27a .....................
2
106,817
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
22,130
4
Add lines 1, 2, and 3 ..........................
4
15,302,057
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,302,057
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 7,414,621   7,589,173 -174,552
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       -174,552
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 -174,552
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 3,715
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 3,715
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,715
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 21,260
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 21,260
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 17,545
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow17,545 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowDerwood S Chase Jr Telephone no.right arrow (434) 293-9104

Located atright arrow350 Old Ivy Way Suite 100CharlottesvilleVA ZIP+4right arrow229034897
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
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
Alejandro A Chafuen PhD Chairman and Trustee
2.50 		0 0 0
PO Box 9925
McLean,VA22102
Derwood S Chase Jr President and Trustee
2.50 		0 0 0
400 Wellington Drive
Charlottesville,VA22903
Stuart F Chase Vice-President, Treasurer and Trustee
0.21 		0 0 0
645 Plantation Court
Charlottesville,VA22903
Johanna B Chase Secretary and Trustee
0.21 		0 0 0
400 Wellington Drive
Charlottesville,VA22903
John C Goodman Trustee
0.21 		0 0 0
6335 West NW Highway
Dallas,TX75225
Gordon M Marchand Trustee
0.21 		0 0 0
1275 Little Harbour Ln
Vero Beach,FL32963
Stephen J Moore Trustee
0.21 		0 0 0
9008 Belmart Rd
Potomac,MD20854
David A Brat Trustee
0.21 		0 0 0
1910 Parkland Drive
Lynchburg,VA24503
Allison K Chase Trustee
0.21 		0 0 0
1701 6th Ave N 5
Nashville,TN37208
Craig T Redinger Trustee
0.21 		0 0 0
250 W Main St Suite 201
Charlottesville,VA22902
Edwin T Burton III Trustee
0.21 		0 0 0
155 Haden Rd
Weems,VA22576
Carl O Helstrom Trustee
0.21 		0 0 0
33003 Shadeland Ave
Millsboro,DE19966
Gary M Greene Trustee
0.21 		0 0 0
646 Flordon Dr
Charlottesville,VA22903
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
11,410,246
b
Average of monthly cash balances.......................
1b
3,987,960
c
Fair market value of all other assets (see instructions)................
1c
39,287
d
Total (add lines 1a, b, and c).........................
1d
15,437,493
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
15,437,493
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
231,562
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
15,205,931
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
760,297
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
760,297
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,715
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,715
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
756,582
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
756,582
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
756,582
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
821,010
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
821,010
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 7 756,582
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 136
f Total of lines 3a through e ........ 136
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 821,010
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 756,582
e Remaining amount distributed out of corpus 64,428
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 64,564
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		64,564
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 136
e Excess from 2023.... 64,428
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).)
Derwood S Chase Jr
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:
Derwood S Chase Jr
350 Old Ivy Way Suite 100
Charlottesville,VA229034897
(434) 293-9104
bThe form in which applications should be submitted and information and materials they should include:
No form has been prescribed by the organization.
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Charitable organizations must meet the criteria specified in Article 2, Paragraph C(a) of the foundation's trust agreement.
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

Accuracy in Media

1717 K Street NW
Washington,DC20006 		None 501(c)(3) Public Cha To provide general support (charitable) 13,000

Acton Institute

98 E Fulton Street
Grand Rapids,MI49503 		None 501(c)(3) Public Cha To provide general support (charitable) 40,000

American Conservation Coalition

PO Box 371
Appleton,WI54912 		None 501(c)(3) Public Cha To provide general support (charitable) 2,000

American Friends of the Institute of Economic Affairs

4075 Wilson Blvd Ste 310
Arlington,VA22203 		None 501(c)(3) Public Cha To provide general support (charitable) 6,500

American Legislative Exchange Council

2900 Crystal Drive Suite 600
Arlington,VA22202 		None 501(c)(3) Public Cha To provide general support (charitable) 2,000

America's Future Foundation

1633 Connecticut Ave NW Suite 300
Washington,DC20009 		None 501(c)(3) Public Cha To provide general support (charitable) 8,000

Atlas Network

4075 Wilson Blvd Ste 310
Arlington,VA22203 		None 501(c)(3) Public Cha To provide general support (charitable) 8,000

Bill of Rights Institute

1310 N Courthouse Road Suite 620
Arlington,VA22201 		None 501(c)(3) Public Cha To provide general support (charitable) 5,000

Cascade Policy Institute

4850 SW Scholls Ferry Road Suite
103
Portland,OR97225 		None 501(c)(3)(h) Public To provide general support (charitable) 5,000

Cato Institute

1000 Massachusetts Ave NW
Washington,DC200015403 		None 501(c)(3) Public Cha To provide general support (charitable) 10,000

Citizen's Council for Health Freedom

161 St Anthony Avenue Ste 923
St Paul,MN55103 		None 501(c)(3) Public Cha To provide general support (charitable) 4,000

CO2 Coalition

1621 N Kent Street Suite 603
Arlington,VA22209 		None 501(c)(3) Public Cha To provide general support (charitable) 10,000

Committee to Unleash Prosperity

9008 Belmart Road
Potomac,MD20854 		None 501(c)(3) Public Cha To provide general support (charitable) 20,000

Competitive Enterprise Institute (DBA Network for Good)

1310 L Street NW 7th Floor
Washington,DC20005 		None 501(c)(3) Public Cha To provide general support (charitable) 30,000

David Horowitz Freedom Center

PO Box 55089
Sherman Oaks,CA914991964 		None 501(c)(3) Public Cha To provide general support (charitable) 500

Foundation for Economic Education

1819 Peachtree Road NE Suite 300
Atlanta,GA303091856 		None 501(c)(3) Public Cha To provide general support (charitable) 20,000

Foundation for Government Accountability

15275 Collier Boulevard Suite
201-279
Naples,FL34119 		None 501(c)(3) Public Cha To provide general support (charitable) 8,000

Foundation for Individual Rights in Education

510 Walnut Street Suite 1250
Philadelphia,PA19106 		None 501(c)(3) Public Cha To provide general support (charitable) 15,000

Fraser Institute

4th Floor 1770 Burrard Street
Vancouver,British ColumbiaV6J3G7
CA 		None Other Public Charity To provide general support (charitable) 30,000

Free the People Foundation

611 Pennsylvania Avenue SE 259
Washington,DC200034303 		None 501(c)(3) Public Cha To provide general support (charitable) 8,000

Freedom Foundation

PO Box 552
Olympia,WA98507 		None 501(c)(3) Public Cha To provide general support (charitable) 12,000

FreedomWorks Foundation

111 K Street NE Suite 600
Washington,DC20002 		None 501(c)(3) Public Cha To provide general support (charitable) 25,000

Goldwater Institute

500 East Coronado Road
Phoenix,AZ85004 		None 501(c)(3) Public Cha To provide general support (charitable) 20,000

Goodman Institute for Public Policy Research

6335 W Northwest Hwy Suite 2111
Dallas,TX75225 		None 501(c)(3) Public Cha To provide general support (charitable) 25,000

Grove City College (The Institute for Faith and Freedom)

100 Campus Drive
Grove City,PA16127 		None 501(c)(3) Public Cha To provide general support (charitable) 8,000

Independent Institute (Lighthouse Society)

100 Swan Way
Oakland,CA946211428 		None 501(c)(3) Public Cha To provide general support (charitable) 5,000

Independent Women's Forum

4 Weems Lane 312
Winchester,VA22601 		None 501(c)(3) Public Cha To provide general support (charitable) 5,000

Institute for Energy Research

1155 15th Street NW Suite 900
Washington,DC20005 		None 501(c)(3) Public Cha To provide general support (charitable) 15,000

Institute for Humane Studies

Vernon Smith Hall 1st Floor 3434
Washington Blvd
Arlington,VA22201 		None 501(c)(3) Public Cha To provide general support (charitable) 12,000

Institute for Justice

901 N Glebe Road Suite 900
Arlington,VA22203 		None 501(c)(3) Public Cha To provide general support (charitable) 40,000

Intercollegiate Studies Institute Inc

F M Kirby Campus 3901 Centerville
Road
Wilmington,DE198071938 		None 501(c)(3) Public Cha To provide general support (charitable) 6,000

Judicial Watch Inc

425 Third Street SW Suite 800
Washington,DC20024 		None 501(c)(3) Public Cha To provide general support (charitable) 10,000

Kansas Policy Institute

250 N Water St Suite 216
Witchita,KS67202 		None 501(c)(3) Public Cha To provide general support (charitable) 5,000

Libertas Institute

2183 W Main St Suite A102
Lehi,UT84043 		None 501(c)(3) Public Cha To provide general support (charitable) 15,000

Mackinac Center for Public Policy

PO Box 568 140 West Main Street
Midland,MI48640 		None 501(c)(3) Public Cha To provide general support (charitable) 15,000

Manhattan Institute for Policy Research

52 Vanderbilt Avenue
New York,NY10017 		None 501(c)(3) Public Cha To provide general support (charitable) 12,000

Mises Institute

518 W Magnolia Avenue
Auburn,AL368324501 		None 501(c)(3) Public Cha To provide general support (charitable) 10,000

Montreal Economic Institute

910 Peel Street Suite 600
Montreal,QuebecH3C2H8
CA 		None Other Public Charity To provide general support (charitable) 10,000

Moving Picture Institute

375 Greenwich Street
New York,NY10013 		None 501(c)(3) Public Cha To provide general support (charitable) 17,000

National Institute for Labor Relations Research

5211 Port Royal Road Suite 510
Springfield,VA22151 		None 501(c)(3) Public Cha To provide general support (charitable) 5,000

Open the Books (American transparency)

200 S Frontage Rd Ste 108
Burr Ridge,IL60527 		None 501(c)(3) Public Cha To provide general support (charitable) 15,000

Pacific Legal Foundation

930 G Street
Sacramento,CA95814 		None 501(c)(3) Public Cha To provide general support (charitable) 10,000

Pacific Research Institute for Public Policy

101 Montgomery Street Suite 1300
San Francisco,CA94104 		None 501(c)(3) Public Cha To provide general support (charitable) 3,000

Peachtree Collaborative (DBA Against Crony Capitalism)

94 Landfill Road
Edinburg,VA22824 		None 501(c)(3) Public Cha To provide general support (charitable) 1,000

Philanthropy Roundtable

1120 20th Street NW Suite 550 South
Washington,DC20036 		None 501(c)(3) Public Cha To provide general support (charitable) 500

Project Veritas

135 Hoyt Avenue
Mamaroneck,NY10543 		None 501(c)(3) Public Cha To provide general support (charitable) 15,000

Property and Environment Research Center

2048 Analysis Drive Suite A
Bozeman,MT59718 		None 501(c)(3) Public Cha To provide general support (charitable) 10,000

Public Interest Legal Foundation

32 East Washington Street Suite
1675
Indianapolis,IN462043594 		None 501(c)(3) Public Cha To provide general support (charitable) 13,000

Reason Foundation

5737 Mesmer Avenue
Los Angeles,CA902306316 		None 501(c)(3) Public Cha To provide general support (charitable) 30,000

Rio Grande Foundation

PO Box 40336
Albuquerque,NM87196 		None 501(c)(3) Public Cha To provide general support (charitable) 4,000

State Policy Network

1655 North Fort Myer Drive Suite
360
Arlington,VA22209 		None 501(c)(3) Public Cha To provide general support (charitable) 10,000

Students for Liberty

1750 Tysons Boulevard Suite 1500
McLean,VA22102 		None 501(c)(3) Public Cha To provide general support (charitable) 8,000

Talent Market LLC (CO America's Future)

1633 Connecticut Ave NW Suite 300
Washington,DC20009 		None 501(c)(3) Public Cha To provide general support (charitable) 3,000

Tax Foundation

1325 G Street NW Suite 950
Washington,DC20005 		None 501(c)(3) Public Cha To provide general support (charitable) 8,000

The Atlas Society

22001 Northpark Drive Suite 250
Kingwood,TX77339 		None 501(c)(3) Public Cha To provide general support (charitable) 5,000

The Buckeye Institute

88 East Broad Street Suite 1300
Columbus,OH43215 		None 501(c)(3) Public Cha To provide general support (charitable) 5,000

The Federalist Society for Law & Public Policy Studies

1776 I Street NW Suite 300
Washington,DC20006 		None 501(c)(3) Public Cha To provide general support (charitable) 15,000

The Fund for American Studies (Liberty Leadership)

1706 New Hampshire Avenue NW
Washington,DC20009 		None 501(c)(3) Public Cha To provide general support (charitable) 15,000

The Heartland Institute

3939 North Wilke Road
Arlington Heights,IL60004 		None 501(c)(3) Public Cha To provide general support (charitable) 25,000

The James Madison Institute

The Columns 100 North Duval Street
Tallahassee,FL32301 		None 501(c)(3) Public Cha To provide general support (charitable) 8,000

The John Locke Foundation

4800 Six Forks Road 220
Raleigh,NC27609 		None 501(c)(3) Public Cha To provide general support (charitable) 13,000

The Maryland Public Policy Institute

One Research Court Suite 450
Rockville,MD20850 		None 501(c)(3) Public Cha To provide general support (charitable) 7,000

The Mont Pelerin Society

Texas Tech University Box 45059
Lubbock,TX794095059 		None 501(c)(3) Public Cha To provide general support (charitable) 1,000

The Philadelphia Society

11620 Rutan Circle
Jerome,MI492490530 		None 501(c)(3) Public Cha To provide general support (charitable) 1,000

Thomas Jefferson Institute for Public Policy

7011 Dreams Way Court
Alexandria,VA22315 		None 501(c)(3) Public Cha To provide general support (charitable) 10,000

Turning Point USA

4940 East Beverly Road
Phoenix,AZ85044 		None 501(c)(3) Public Cha To provide general support (charitable) 25,000

Virginia Institute for Public Policy

PO Box 1123
Abingdon,VA24212 		None 501(c)(3) Public Cha To provide general support (charitable) 10,000

Yorktown Foundation for Public Policy

1329 West Main Street 207
Salem,VA24153 		None 501(c)(3) Public Cha To provide general support (charitable) 1,000

Young Americans for Liberty Foundation

500 N Capital of Texas Hwy Bldg 5
Ste 100
Austin,TX78746 		None 501(c)(4) Public Cha To provide general support (charitable) 10,000

Young America's Foundation

11480 Commerce Park Drive Sixth
Floor
Reston,VA20191 		None 501(c)(3) Public Cha To provide general support (charitable) 4,000
Total .................................right arrow 3a 802,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 7,991  
4 Dividends and interest from securities ....     14 345,144  
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 .....     15 3,262  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -174,552  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRidgewood Energy Q Fund LLC Ordinary Income (Loss) 		211130 3,901      
bRidgewood Energy S Fund LLC Ordinary Income (Loss) 211130 3,825      
cRidgewood Energy BlueWater Oil Fund III LLC Ordinary Income (Loss) 211130 734      
dThe Chase Gulf LLC Ordinary Income (Loss) 211130 42,191      
eRidgewood Energy O Fund LLC Ordinary Income (Loss) 211130 7,087      
fEnterprise Products Partners LP 211130 -18,774      
gEnergy Transfer LP 211130 -3,821      
12 Subtotal. Add columns (b), (d), and (e) .. 35,143 181,845 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
216,988
(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 Chase Foundation of Virginia
 
Employer identification number

54-1770697
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 Chase Foundation of Virginia
  		Employer identification number
54-1770697
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
DERWOOD S CHASE JR
350 Old Ivy Way Suite 100
 
Charlottesville, VA229034897

$ 800,000


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

$  


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

$  


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

$  


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

$  


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

$  


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

54-1770697
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
The Chase Foundation of Virginia
  		Employer identification number

54-1770697
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 Chase Foundation of Virginia
EIN:
54-1770697
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 10,530 0   10,530

TY 2023 InvestmentsCorpBondsSchedule
Name:
The Chase Foundation of Virginia
EIN:
54-1770697
Name of Bond End of Year Book Value End of Year Fair Market Value
Corporate Bonds 896,625 837,528

TY 2023 InvestmentsCorpStockSchedule
Name:
The Chase Foundation of Virginia
EIN:
54-1770697
Name of Stock End of Year Book Value End of Year Fair Market Value
Common Stocks 5,305,409 6,063,839

TY 2023 InvestmentsGovtObligationsSch
Name:
The Chase Foundation of Virginia
EIN:
54-1770697
US Government Securities - End of Year Book Value:

7,387,715
US Government Securities - End of Year Fair Market Value:

7,495,319
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
The Chase Foundation of Virginia
EIN:
54-1770697
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Ridgewood Energy Q Fund, L.L.C. FMV 9,106 12,991
Ridgewood Energy S Fund, L.L.C. FMV 11,110 12,816
Ridgewood Energy BlueWater Oil Fund III, L.L.C. FMV 16,597 16,075
The Chase Gulf, L.L.C. FMV 83,473 205,468
Ridgewood Energy O Fund, L.L.C. FMV 25,523 30,666
Landmark Dividend Growth Fund - M, L.L.C. FMV 274,263 274,263
Carter Muliti-Family Growth & Income Fund III, L.L.C. FMV 135,464 135,464
Energy Transfer FMV 126,953 153,870
Enterprise Products FMV 116,237 144,925

TY 2023 OtherExpensesSchedule
Name:
The Chase Foundation of Virginia
EIN:
54-1770697
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Custody Fees/Portfolio Deductions 84,163 84,163   0
Bank Charges & Credit Card Fees 274 0   274


TY 2023 OtherIncomeSchedule2
Name:
The Chase Foundation of Virginia
EIN:
54-1770697
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Ridgewood Energy BlueWater Oil Fund III LLC Royalty Income 3,022 3,022 3,022
The Chase Gulf LLC Royalty Income 240 240 240
Ridgewood Energy Q Fund LLC Ordinary Income (Loss) 3,901   3,901
Ridgewood Energy S Fund LLC Ordinary Income (Loss) 3,825   3,825
Ridgewood Energy BlueWater Oil Fund III LLC Ordinary Income (Loss) 734   734
The Chase Gulf LLC Ordinary Income (Loss) 42,191   42,191
Ridgewood Energy O Fund LLC Ordinary Income (Loss) 7,087   7,087
Enterprise Products Partners LP -18,774   -18,774
Energy Transfer LP -3,821   -3,821


TY 2023 OtherIncreasesSchedule
Name:
The Chase Foundation of Virginia
EIN:
54-1770697
Description Amount
Percentage Depletion 22,130


TY 2023 TaxesSchedule
Name:
The Chase Foundation of Virginia
EIN:
54-1770697
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Taxes 4,998 4,998   0