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
ANNE & GENE WORRELL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5386
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTESVILLE, VA22905
A Employer identification number

54-1393561
B Telephone number (see instructions)

(434) 977-6803
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$193,368,837J 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) 143,867,693
2 Check right arrow.............
3 Interest on savings and temporary cash investments 30,648 30,648  
4 Dividends and interest from securities... 3,456,196 3,456,196  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,000,084
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 2,000,084
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
2,219,323 2,210,764  
12 Total. Add lines 1 through 11........ 151,573,944 7,697,692  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 126,000 0   0
14 Other employee salaries and wages...... 229,119 0   180,622
15 Pension plans, employee benefits....... 22,609 0   16,536
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
35 0   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
15,000 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,093,445 1,988,844   43,050
17 Interest............... 330,196 309,119   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
266,290 176,290   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
9,156 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 22,037 0   22,037
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
334,180 127,081   42,245
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,448,067 2,601,334   304,490
25 Contributions, gifts, grants paid....... 6,361,371 6,361,371
26 Total expenses and disbursements. Add lines 24 and 25 9,809,438 2,601,334   6,665,861
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 141,764,506
b Net investment income (if negative, enter -0-) 5,096,358
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.............      
2 Savings and temporary cash investments......... 744,379 704,567 704,567
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).......      
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).......... 36,545,097 Click to see attachment
List of Attached Documents:
// Content
178,342,716 		192,561,235
14 Land, buildings, and equipment: basis right arrow113,336
Less: accumulated depreciation (attach schedule) right arrow10,301 96,336 Click to see attachment
List of Attached Documents:
// Content
103,035 		103,035
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,385,812 179,150,318 193,368,837
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 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........ 634,176 634,176
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 36,751,636 178,516,142
29 Total net assets or fund balances (see instructions)..... 37,385,812 179,150,318
30 Total liabilities and net assets/fund balances (see instructions). 37,385,812 179,150,318
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
37,385,812
2
Enter amount from Part I, line 27a .....................
2
141,764,506
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
179,150,318
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
179,150,318
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 CAPITAL GAINS REPORTED BY PRIVATE FUNDS      
b CAPITAL GAINS/LOSSES FROM AGILITY CSF      
c CLASS ACTION SETTLEMENTS FROM PRIVATE FUNDS      
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       188,303
b       1,811,743
c       38
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       188,303
b       1,811,743
c       38
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 2,000,084
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 70,839
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 70,839
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 70,839
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 137,030
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.............. 7 137,030
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 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 66,191
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow66,191 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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.AGWORRELLFOUNDATION.ORG
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (434) 977-6803

Located atright arrow384 WORRELL DRIVECHARLOTTESVILLEVA ZIP+4right arrow22911
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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowCJ, VI
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ANDREW J DRACOPOLI TREASURER
12.00 		20,000 0 0
P O BOX 5386
CHARLOTTESVILLE,VA22905
A SHANNON WORRELL SECRETARY
8.00 		30,000 0 0
P O BOX 5386
CHARLOTTESVILLE,VA22905
THOMAS S WORD JR DIRECTOR
3.00 		23,000 0 0
P O BOX 5386
CHARLOTTESVILLE,VA22905
PHILIP C STONE CHAIR
3.00 		27,000 0 0
P O BOX 5386
CHARLOTTESVILLE,VA22905
THOMAS E WORRELL III DIRECTOR
2.00 		23,000 0 0
PO BOX 5386
CHARLOTTESVILLE,VA22905
MEGHAN MURRAY DIRECTOR
2.00 		0 0 0
PO BOX 5386
CHARLOTTESVILLE,VA22905
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
HOLLY HATCHER PRESIDENT & CEO
40.00 		193,990 0 0
PO BOX 5386
CHARLOTTESVILLE,VA22905
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 NONE 0
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
156,934,392
b
Average of monthly cash balances.......................
1b
795,158
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
157,729,550
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
157,729,550
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,365,943
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
155,363,607
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,768,180
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
7,768,180
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
70,839
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
1,587
c
Add lines 2a and 2b............................
2c
72,426
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,695,754
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
7,695,754
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
7,695,754
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
6,665,861
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
6,665,861
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 7,695,754
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...... 1,535,853
e From 2022...... 3,241,652
f Total of lines 3a through e ........ 4,777,505
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 6,665,861
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..... 6,665,861
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 1,029,893 1,029,893
(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 3,747,612
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 ...... 		3,747,612
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 505,960
d Excess from 2022.... 3,241,652
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or 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

ALBEMARLE HOUSING IMPROVEMENT PROGRAM

2127 BERKMAR DRIVE
CHARLOTTESVILLE,VA22901 		  PUBLIC CHARITY EMERGENCY REPAIR AND REHABILITATION, 2 OF 3 333,000

AMERICAN RED CROSS

VIRGINIA REGION
ROANOKE,VA24016 		  PUBLIC CHARITY DISASTER RELIEF AND FINANCIAL ASSISTANCE 150,000

APPALACHIAN SUSTAINABLE DEVELOPMENT

PO BOX 475
DUFFIELD,VA24244 		  PUBLIC CHARITY MASTER PLAN FOR NEW PROPERTY 16,000

APPALACHIAN VOICES

589 WEST KING STREET
BOONE,NC28607 		  PUBLIC CHARITY SOUTHWEST VIRGINIA PROJECT IMPLEMENTATION 100,000

BALLAD HEALTH FOUNDATION

1019 WEST OAKLAND AVENUE
JOHNSON CITY,TN37604 		  PUBLIC CHARITY CERTIFIED PEER RECOVERY SPECIALIST PROGRAM, 3 OF 3 108,610

BLUE RIDGE AREA FOOD BANK

PO BOX 937
VERONA,VA24482 		  PUBLIC CHARITY AGENCY CAPACITY FUND 75,000

BLUE RIDGE AREA FOOD BANK

PO BOX 937
VERONA,VA24482 		  PUBLIC CHARITY GRANT FOR BUILDING EXPANSION 100,000

BLUE RIDGE DISCOVERY CENTER INC

6402 WHITETOP ROAD
TROUTDALE,VA24378 		  PUBLIC CHARITY EDUCATIONAL PROGRAMMING FOR WASHINGTON COUNTY STUDENTS 20,000

BRISTOL VIRGINIA PUBLIC SCHOOLS EDUCATION FOUNDATION

280 LEE STREET
BRISTOL,VA24201 		  PUBLIC CHARITY BEARCAT PAWS LEARNING LAB 141,817

BUILDING GOODNESS FOUNDATION

128 CARLTON ROAD
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY CHARLOTTESVILLE BALLET AND CENTRAL LITTLE LEAGUE PROJECTS 20,000

CARDINAL PRODUCTIONS INC

P O BOX 4455
ROANOKE,VA24015 		  PUBLIC CHARITY BRISTOL REPORTER, 2 OF 3 100,000

CHARLOTTESVILLE AREA COMMUNITY FOUNDATION

114 4TH STREET SE
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY WILDROCK NATURE FRIENDS PROGRAM VIA ECFN 10,000

CHARLOTTESVILLE CITY SCHOOLS

406 14TH STREET
CHARLOTTESVILLE,VA22903 		  GOVERNMENT AGENCY EDZONE CLOSETS (REALLOCATED FROM VENABLE LEADERSHIP PROGRAM) 7,150

CHARLOTTESVILLE FREE CLINIC

901 PRESTON AVENUE
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY SUPPORT FREE CLINIC PHARMACY 30,000

CHARLOTTESVILLE PUBLIC HOUSING ASSOCIATION OF RESIDENTS

1000 PRESTON AVE STE B
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY SUPPORT FOR WESTHAVEN COMMUNITY DAY 5,000

CHARLOTTESVILLE TOMORROW

1215B EAST MARKET STREET
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 50,000

CHRIS LONG FOUNDATION

100 SOUTH BRENTWOOD BOULEVARD
ST LOUIS,MO63105 		  PUBLIC CHARITY CCS EDZONE CLOSETS 24,000

CITY OF PROMISE

P O BOX 5628
CHARLOTTESVILLE,VA22905 		  PUBLIC CHARITY DREAMBUILDERS PROGRAM, 2 OF 3 50,000

COMMUNITY CLIMATE COLLABORATIVE INC

415 8TH STREET NE
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY YOUTH ENVIRONMENTAL EDUCATION 50,000

CULTIVATE CHARLOTTESVILLE

PO BOX 5282
CHARLOTTESVILLE,VA22905 		  PUBLIC CHARITY SUPPORT GARDENS IN CITY SCHOOL 35,000

FEEDING SOUTHWEST VIRGINIA

1025 ELECTRIC ROAD
SALEM,VA24153 		  PUBLIC CHARITY ABINGDON MOBILE MARKETPLACE 140,000

FIRST CONNECTIONS VIRGINIA

209 EAST CAWSON STREET
HOPEWELL,VA23860 		  PUBLIC CHARITY BACKPACK PROGRAM FOR SURRY SCHOOLCHILDREN 68,000

FRIENDS OF SOUTHWEST VIRGINIA

ONE HEARTWOOD CIRCLE
ABINGDON,VA24210 		  PUBLIC CHARITY ED FOR CLINCH RIVER VALLEY INITIATIVE, 2 OF 3 42,000

FRIENDS OF SOUTHWEST VIRGINIA

ONE HEARTWOOD CIRCLE
ABINGDON,VA24210 		  PUBLIC CHARITY BIG STONE GAP PUMP TRACK 50,000

GIRLS ON THE RUN OF HAMPTON ROADS

5817 WESLEYAN DRIVE
VIRGINIA BEACH,VA23455 		  PUBLIC CHARITY OPERATING FUNDS FOR GIRLS IN SURRY SCHOOLS 13,720

HABITAT FOR HUMANITY OF GREATER CHARLOTTESVILLE

967 2ND STREET SE
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY OLD TRAIL VILLAGE AND BARRINGTON PLACE PROPERTIES 60,000

HORIZON HEALTH SERVICES INC

PO BOX 210
IVOR,VA23866 		  PUBLIC CHARITY RENOVATION OF SURRY MEDICAL CENTER 100,000

JAMES RIVER ASSOCIATION

16 SOUTH 17TH STREET
RICHMOND,VA23219 		  PUBLIC CHARITY SURRY HIGH SCHOOL ENVIRONMENTAL PROGRAM, 2 OF 2 31,000

JEFFERSON AREA BOARD FOR AGING INC

674 HILLSDALE DRIVE
CHARLOTTESVILLE,VA22901 		  PUBLIC CHARITY COMMUNITY SENIOR CENTERS, 3 OF 3 75,000

JEFFERSON AREA BOARD FOR AGING INC

674 HILLSDALE DRIVE
CHARLOTTESVILLE,VA22901 		  PUBLIC CHARITY LIVING THE VALUES OF COMPASSION FUND 50,000

JEFFERSON AREA BOARD FOR AGING INC

674 HILLSDALE DRIVE
CHARLOTTESVILLE,VA22901 		  PUBLIC CHARITY INSURANCE COUNSELING, 3 OF 3 50,000

LEGAL AID JUSTICE CENTER

1000 PRESTON AVENUE
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY YOUTH JUSTICE PROGRAM 25,000

LIGHT HOUSE STUDIO

220 WEST MARKET STREET
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 25,000

LOAVES & FISHES FOOD PANTRY

2050 LAMBS ROAD
CHARLOTTESVILLE,VA22901 		  PUBLIC CHARITY GRANT FOR PURCHASE OF BOX TRUCK 40,000

LOCAL FOOD HUB

PO BOX 4647
CHARLOTTESVILLE,VA22905 		  PUBLIC CHARITY SUPPORT FOR THE FRESH FARMACY; FRUIT AND VEGGIE PRESCRIPTION PROGRAM 25,000

MOUNTAIN EMPIRE COMMUNITY COLLEGE FOUNDATION

3441 MOUNTAIN EMPIRE ROAD
BIG STONE GAP,VA24219 		  PUBLIC CHARITY MECC PROMISE PROGRAM ENDOWMENT, 2 OF 3 250,000

NEW CITY ARTS INITIATIVE

114 3RD STREET NE
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY ARTIST FELLOWSHIPS 10,000

NEW CITY ARTS INITIATIVE

114 3RD STREET NE
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY ARTIST-IN-RESIDENCE PROGRAM 7,500

ON OUR OWN OF CHARLOTTESVILLE

123 4TH STREET NW
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY SUPPORT FOR LOUISA OFFICE, 2 OF 3 20,046

ON OUR OWN OF CHARLOTTESVILLE

123 4TH STREET NW
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 63,000

PIEDMONT ENVIRONMENTAL COUNCIL

P O BOX 460
WARRENTON,VA20188 		  PUBLIC CHARITY BISCUIT RUN PARK BRIDGE STUDY 75,000

PIEDMONT HOUSING ALLIANCE

682 BERKMAR CIRCLE
CHARLOTTESVILLE,VA22901 		  PUBLIC CHARITY PIEDMONT COMMUNITY LAND TRUST, 2 OF 2 62,500

PIEDMONT HOUSING ALLIANCE

682 BERKMAR CIRCLE
CHARLOTTESVILLE,VA22901 		  PUBLIC CHARITY FRIENDSHIP COURT EARLY LEARNING CENTER, 2 OF 2 250,000

PRESERVATION VIRGINIA

204 WEST FRANKLIN STREET
RICHMOND,VA23220 		  PUBLIC CHARITY RESTORATION OF BACON'S CASTLE 250,000

PRESERVATION VIRGINIA

204 WEST FRANKLIN STREET
RICHMOND,VA23220 		  PUBLIC CHARITY SMITH'S FORT PRESERVATION AND INTERPRETIVE PROGRAMMING, 1 OF 2 82,000

PVCC EDUCATIONAL FOUNDATION

501 COLLEGE DRIVE
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY NETWORK2WORK STAFF SUPPORT 151,000

ROCKFISH WILDLIFE SANCTUARY

5450 WHEELERS COVE ROAD
SHIPMAN,VA22971 		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 10,000

RUSSELL COUNTY GOVERNMENT

137 HIGHLAND DRIVE
LEBANON,VA24266 		  GOVERNMENT AGENCY DANTE STEAM BUILDING PROJECT 70,000

SOUTHERN ENVIRONMENTAL LAW CENTER

120 GARRETT STREET
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY OPERATING FUNDS FOR VIRGINIA PROGRAMS 100,000

SURRY COUNTY

PO BOX 65
SURRY,VA23883 		  GOVERNMENT AGENCY RESTORATION OF ROSENWALD SCHOOL 117,000

THE BRIDGE PROGRESSIVE ARTS INITIATIVE

PO BOX 239
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY GRANTS FOR IMPROVEMENTS TO NEW LOCATION 85,000

THE CENTER FOR NATURAL CAPITAL

P O BOX 901
ORANGE,VA22960 		  PUBLIC CHARITY STREAMSWEEPERS, 2 OF 3 45,000

THE COLLEGE FOUNDATION OF THE UNIVERSITY OF VIRGINIA

P O BOX 400801
CHARLOTTESVILLE,VA22904 		  PUBLIC CHARITY STARR HILL PATHWAYS 150,000

THE CROOKED ROAD VIRGINIA'S HERITAGE MUSIC TRAIL

ONE HEARTWOOD CIRCLE
ABINGDON,VA24210 		  PUBLIC CHARITY GENERAL OPERATING FUNDS 20,000

THE NATURE CONSERVANCY IN VIRGINIA

652 PETER JEFFERSON PARKWAY
CHARLOTTESVILLE,VA22911 		  PUBLIC CHARITY GRANT TOWARDS PURCHASE OF SMITH PROPERTY 25,000

THE SALVATION ARMY

207 RIDGE STREET
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY GENERAL OPERATING FUNDS 10,000

THE WOMEN'S INITIATIVE

1101 EAST HIGH STREET
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY GENERAL OPERATING FUNDS 75,000

UNITED WAY OF SOUTHWEST VIRGINIA

1096 OLE BERRY DRIVE
ABINGDON,VA24210 		  PUBLIC CHARITY MATCHING CHILDCARE PROGRAM, 2 OF 2 110,000

UNIVERSITY OF VIRGINIA SCHOOL OF MEDICINE

P O BOX 800793
CHARLOTTESVILLE,VA22908 		  PUBLIC CHARITY CLINICAL RESEARCH FELLOW FOR SWVA, 2 OF 5 100,000

UNIVERSITY OF VIRGINIA SCHOOL OF MEDICINE

P O BOX 800793
CHARLOTTESVILLE,VA22908 		  PUBLIC CHARITY CLINICAL CARE FOR EPILEPSY PATIENTS, 1 OF 5 200,000

VIRGINIA HIGHLANDS COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

P O BOX 828
ABINGDON,VA24212 		  PUBLIC CHARITY ADVANCED TECH AND WORKFORCE CENTER, 2 OF 3 200,000

VIRGINIA ORGANIZING INC

703 CONCORD AVENUE
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY GENERAL OPERATING FUNDS FOR CHARLOTTESVILLE UNITED FOR PUBLIC EDUCATION 25,000

WILDLIFE CENTER OF VIRGINIA

P O BOX 1557
WAYNESBORO,VA22980 		  PUBLIC CHARITY GENERAL OPERATING FUNDS 10,000

APPALACHIAN SUSTAINABLE DEVELOPMENT

PO BOX 475
DUFFIELD,VA24244 		  PUBLIC CHARITY BALANCE OF GRANT FOR ELECTRICITY CONNECTION 24,000

CAMP HOLIDAY TRAILS INC

400 HOLIDAY TRAILS LN
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 5,000

CENTER FOR NONPROFIT EXCELLENCE

1701-A ALLIED ST
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY SUPPORT EXPANSION OF PROGRAMS STATEWIDE 75,000

CENTRAL VIRGINIA HEALTH SERVICES INC

PO BOX 220
NEW CANTON,VA23123 		  PUBLIC CHARITY SUPPORT FOR COMMUNITY HEALTH WORKERS 50,000

CHARLOTTESVILLE REDEVELOPMENT AND HOUSING AUTHORITY

500 1ST STREET SOUTH
CHARLOTTESVILLE,VA22902 		  GOVERNMENT AGENCY WESTHAVEN CHOICE NEIGHBORHOOD GRANT PLANNING CONSULTANT 19,107

COMMUNITIES IN SCHOOL OF APPALACHIAN HIGHLANDS

280 LEE STREET
BRISTOL,VA24201 		  PUBLIC CHARITY SUPPORT PROGRAMMING IN BRISTOL & WASHINGTON COUNTY, 1 OF 3 100,000

COMMUNITY INVESTMENT COLLABORATIVE

300 PRESTON AVE SUITE 206
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY GENERAL OPERATING SUPPORT, 1 OF 2 50,000

COMMUNITY INVESTMENT COLLABORATIVE

300 PRESTON AVE SUITE 206
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY FISCAL AGENT FOR CULINARY CONCEPTS AB - GENERAL OPERATING SUPPORT AND CULINARY/LIFE SKILLS TRAINING PROGRAM 50,000

DICKENSON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY

818 HAPPY VALLEY DRIVE
CLINTWOOD,VA24228 		  GOVERNMENT AGENCY ADDICTION RECOVERY CARE CENTER IN SW VIRGINIA 175,000

FAIRVIEW HOUSING MANAGEMENT CORP

PO BOX 5746
JOHNSON CITY,TN37602 		  PUBLIC CHARITY MENDED WOMEN LIFESTYLE RECOVERY 150,000

IMAGINATION LIBRARY FOR WASHINGTON COUNTY & BRISTOL VA

280 LEE STREET
BRISTOL,VA24201 		  PUBLIC CHARITY DOLLY PARTONS IMAGINATION LIBRARY FOR BRISTOL 4,355

JEFFERSON SCHOOL AFRICAN AMERICAN HERITAGE CENTER

233 4TH STREET NW
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY RESTORE PROJECT 5,000

MENDOTA TRAIL CONSERVANCY

PO BOX 1322
BRISTOL,VA24203 		  PUBLIC CHARITY WAY FINDING AND INTREPRETIVE SIGNS 25,000

MISSION DENTAL VIRGINIA INC

616 CAMPUS DRIVE
BRISTOL,VA24210 		  PRIVATE FOUNDATION DENTAL CENTER PHASE II RENOVATIONS 234,136

ON OUR OWN OF CHARLOTTESVILLE

123 4TH STREET NW
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY TECHNICAL ASSISTANCE FROM CNE 10,000

PIEDMONT FAMILY YMCA

151 MCINTIRE PARK
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY EARLY EDUCATION EXPANSION 20,000

READYKIDS INC

1000 E HIGH STREET
CHARLOTTESVILLE,VA22902 		  PUBLIC CHARITY SUPPORT MENTAL HEALTH SERVICES FOR CHILDREN 120,000

SHENANDOAH NATIONAL PARK TRUST

1750 ALLIED STREET
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY BANFF MOUNTAIN FILM FESTIVAL SPONSORSHIP 4,800

SW VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

PO BOX 1101
RICHLANDS,VA24641 		  PUBLIC CHARITY HONORS PROGRAM, 1 OF 3 100,000

SW VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

PO BOX 1101
RICHLANDS,VA24641 		  PUBLIC CHARITY GREAT EXPECTATIONS PROGRAM, 1 OF 3 109,630

THE FOUNDATION FUND

233 4TH ST NW
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY SUPPORT CHARLOTTESVILLE PROGRAM MANAGER 75,000

THE NATURE CONSERVANCY IN VIRGINIA

652 PETER JEFFERSON PARKWAY
CHARLOTTESVILLE,VA22911 		  PUBLIC CHARITY GRANT TOWARDS PURCHASE OF BREEDING PROPERTY 75,000

THE ORIGIN PROJECT

PO BOX 500
BIG STONE GAP,VA26219 		  PUBLIC CHARITY GENERAL OPERATING SUPPORT 25,000

TONSLER BASKETBALL LEAGUE

21 SPRING COURT
CHARLOTTESVILLE,VA22901 		    JR BASKETBALL LEAGUE 17,000

VIRGINIA HUMANITIES

946 GRADY AVENUE SUITE 100
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY VIRGINIA LOCAL NEWS SUMMIT SPONSORSHIP 5,000

VIRGINIA HUMANITIES

946 GRADY AVENUE SUITE 100
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY SUPPORT FOR WITH GOOD REASON 20,000

VIRGINIA HUMANITIES

946 GRADY AVENUE SUITE 100
CHARLOTTESVILLE,VA22903 		  PUBLIC CHARITY ENCYCLOPEDIA VIRGINIA AND WITH GOOD REASON 20,000
Total .................................right arrow 3a 6,361,371
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 30,648  
4 Dividends and interest from securities ....     14 3,456,196  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,000,084  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME FROM AGILITY CSF 		900099 8,559 14 2,175,398  
bOTHER INCOME FROM PFICS 900099   14 35,366  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 8,559 7,697,692 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,706,251
(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
ANNE & GENE WORRELL FOUNDATION
 
Employer identification number

54-1393561
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
ANNE & GENE WORRELL FOUNDATION
  		Employer identification number
54-1393561
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
T EUGENE WORRELL 1999 CHARITABLE LEAD UNITRUST FBO A S WORRE
 
P O BOX 5386
 
CHARLOTTESVILLE, VA22905

$ 422,158


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ANNE R WORRELL TRUST
 
P O BOX 5386
 
CHARLOTTESVILLE, VA22905

$ 143,445,535


(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
ANNE & GENE WORRELL FOUNDATION
  		Employer identification number

54-1393561
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
ANNE & GENE WORRELL FOUNDATION
  		Employer identification number

54-1393561
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:
ANNE & GENE WORRELL FOUNDATION
EIN:
54-1393561
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING/AUDIT FEES 15,000 0   0

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TY 2023 DepreciationSchedule
Name:
ANNE & GENE WORRELL FOUNDATION
EIN:
54-1393561
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
OFFICE FURNITURE 2022-11-15 60,714 1,084 SL 7.000000000000 8,673 0    
COMPUTERS AND EQUIPMENT 2022-11-15 2,417 61 SL 5.000000000000 483 0    
JADE ARTWORK 2022-11-15 34,350   SL 0 % 0 0    
KNIFE COLLECTION 2023-11-15 15,855   SL 0 % 0 0    

TY 2023 InvestmentsOtherSchedule2
Name:
ANNE & GENE WORRELL FOUNDATION
EIN:
54-1393561
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BENEFIT STREET PARTNERS FUND IV AT COST 533,481 840,945
ARES PCS PRIVATE INVESTORS AT COST 288,625 505,808
CD&R PRIVATE INVESTORS FUND X AT COST 823,792 1,189,615
HPS OFFSHORE MEZZANINE 2019 AT COST 369,574 446,660
AGILITY COMPREHENSIVE SOLUTIONS FUND AT COST 176,327,244 189,578,207

TY 2023 LandEtcSchedule2
Name:
ANNE & GENE WORRELL FOUNDATION
EIN:
54-1393561
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE FURNITURE 60,714 9,757 50,957  
COMPUTERS AND EQUIPMENT 2,417 544 1,873  
JADE ARTWORK 34,350 0 34,350  
KNIFE COLLECTION 15,855 0 15,855  


TY 2023 LegalFeesSchedule
Name:
ANNE & GENE WORRELL FOUNDATION
EIN:
54-1393561
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 35 0   0


TY 2023 OtherExpensesSchedule
Name:
ANNE & GENE WORRELL FOUNDATION
EIN:
54-1393561
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 9,696 0   0
OFFICE EXPENSES 23,361 0   20,901
OTHER EXPENSES 275,705 127,081   0
MEMBERSHIPS AND SPONSORSHIPS 25,418 0   21,344


TY 2023 OtherIncomeSchedule2
Name:
ANNE & GENE WORRELL FOUNDATION
EIN:
54-1393561
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME FROM AGILITY CSF 2,183,957 2,175,398 2,183,957
OTHER INCOME FROM PFICS 35,366 35,366 35,366


TY 2023 OtherProfessionalFeesSchedule
Name:
ANNE & GENE WORRELL FOUNDATION
EIN:
54-1393561
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 1,988,844 1,988,844   0
CHARITABLE CONSULTING FEES 43,050 0   43,050
OTHER PROFESSIONAL FEES 61,551 0   0


TY 2023 SubstantialContributorsSch
Name:
ANNE & GENE WORRELL FOUNDATION
EIN:
54-1393561
Name Address
ANNE R WORRELL TRUST
  		P O BOX 5386
CHARLOTTESVILLE,VA22905


TY 2023 TaxesSchedule
Name:
ANNE & GENE WORRELL FOUNDATION
EIN:
54-1393561
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 90,000 0   0
FOREIGN TAXES 176,290 176,290   0