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 VOLGENAU FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)8300 GREENSBORO DRIVE 950
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MCLEAN, VA22102
A Employer identification number

54-1738281
B Telephone number (see instructions)

(703) 988-7973
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$154,624,111J 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) 12,500,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 79,173 79,173  
4 Dividends and interest from securities... 262,439 262,439  
5a Gross rents............ 4,720 4,720  
b Net rental income or (loss) 4,720
6a Net gain or (loss) from sale of assets not on line 10 5,660,997
b Gross sales price for all assets on line 6a 17,467,688
7 Capital gain net income (from Part IV, line 2)... 5,660,997
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
22,118,854 -1,808,777  
12 Total. Add lines 1 through 11........ 40,626,183 4,198,552  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 492,006 0   579,889
14 Other employee salaries and wages...... 34,104 0   34,104
15 Pension plans, employee benefits....... 9,296 0   9,296
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
57,555 0   36,793
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
44,448 0   44,448
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,145,620 5,997   81,413
17 Interest............... 24,603 0   24,603
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
130,463 2,995   48,095
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
6,792 0  
20 Occupancy.............. 65,380 0   87,658
21 Travel, conferences, and meetings....... 68,993 0   67,392
22 Printing and publications.......... 24 0   24
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
687,045 837,860   78,959
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,766,329 846,852   1,092,674
25 Contributions, gifts, grants paid....... 11,438,686 11,438,686
26 Total expenses and disbursements. Add lines 24 and 25 14,205,015 846,852   12,531,360
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 26,421,168
b Net investment income (if negative, enter -0-) 3,351,700
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......... 968,552 5,094,298 5,094,298
3 Accounts receivable right arrow29,204
Less: allowance for doubtful accounts right arrow     29,204 29,204
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.......... 7,403 7,604 7,604
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 11,072,151 Click to see attachment
List of Attached Documents:
// Content
64,684 		64,684
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).......... 78,843,382 Click to see attachment
List of Attached Documents:
// Content
99,772,186 		99,772,186
14 Land, buildings, and equipment: basis right arrow1,576,376
Less: accumulated depreciation (attach schedule) right arrow181,480 1,401,688 1,394,896 1,394,896
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
36,060,928 		Click to see attachment
List of Attached Documents:
// Content
48,261,239 		Click to see attachment
List of Attached Documents:
// Content
48,261,239
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 128,354,104 154,624,111 154,624,111
Liabilities 17 Accounts payable and accrued expenses.......... 113,918 48,215
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
192,842 		Click to see attachment
List of Attached Documents:
// Content
105,361
23 Total liabilities (add lines 17 through 22)......... 306,760 153,576
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........... 128,047,344 154,470,535
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 128,047,344 154,470,535
30 Total liabilities and net assets/fund balances (see instructions). 128,354,104 154,624,111
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
128,047,344
2
Enter amount from Part I, line 27a .....................
2
26,421,168
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,023
4
Add lines 1, 2, and 3 ..........................
4
154,470,535
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
154,470,535
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a FROM INVESTMENT STATEMENTS P 2023-01-01 2023-12-31
b CUMBERLAND FOREST K-1 1231 GAIN P 2023-01-01 2023-12-31
c FROM PROVIDENCE PARTNERSHIPS P 2023-01-01 2023-12-31
d FROM PROVIDENCE PARTNERSHIPS P 2023-01-01 2023-12-31
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 11,647,546   11,646,472 1,074
b 2,436,557     2,436,557
c     160,219 -160,219
d 3,383,585     3,383,585
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       1,074
b       2,436,557
c       -160,219
d       3,383,585
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 5,660,997
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 46,589
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 46,589
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 46,589
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 67,627
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 77,627
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 31,038
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow31,038 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 arrowCA, NJ, VA
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 arrowWWW.VOLGENAUFOUNDATION.ORG
14
The books are in care ofright arrowJENNIFER VOLGENAU WILEY Telephone no.right arrow (703) 988-7973

Located atright arrow8300 GREENSBORO DRIVE NO 950MCLEANVA ZIP+4right arrow22102
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
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
Yes
 
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
 
No
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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
ERNST VOLGENAU PRESIDENT
4.00 		0 0 0
8300 GREENSBORO DRIVE 950
MCLEAN,VA22102
LISA VOLGENAU DIRECTOR AND VP, ENVIRONME
17.00 		71,745 0 0
8300 GREENSBORO DRIVE 950
MCLEAN,VA22102
LAUREN VOLGENAU-KNAPP DIRECTOR AND VP, ENVIRONME
17.00 		72,123 0 0
8300 GREENSBORO DRIVE 950
MCLEAN,VA22102
JENNIFER VOLGENAU WILEY DIRECTOR AND VP, ADMINISTR
16.00 		72,186 0 0
8300 GREENSBORO DRIVE 950
MCLEAN,VA22102
CHRIS DECARDY BOARD MEMBER
2.00 		15,000 0 0
8300 GREENSBORO DRIVE 950
MCLEAN,VA22102
JONATHAN KALEDIN BOARD MEMBER/EXECUTIVE VP
31.00 		120,000 0 0
8300 GREENSBORO DRIVE 950
MCLEAN,VA22102
ANDREA PEARL EXECUTIVE DIRECTOR
40.00 		228,595 9,296 0
8300 GREENSBORO DRIVE 950
MCLEAN,VA22102
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
SRT CONSULTING CONSULTING SERVICES 72,250
792 BAY ST
SAN FRANCISCO,CA94109
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 DEMONSTRATING CONSERVATION VALUES AT PHILLIPS CREEK FARM: - CONSERVATION EASEMENTS AT PHILLIPS CREEK FARM (PCF): TVF UNDERTAKES ONGOING LANDSCAPE RESTORATION ACTIVITIES AT PCF. - SUPPORT FOR ENVIRONMENTAL NONPROFITS (AND GRANTEES): TVF MAKES PHILLIPS CREEK FARM AVAILABLE FOR USE BY LOCAL NONPROFITS FOR THEIR CONSERVATION, EDUCATION, AND FUNDRAISING PROGRAMS. TVF INVITES ITS GRANTEES AND OTHER NONPROFIT ORGANIZATIONS TO USE PCF AS A MEETING AND DEMONSTRATION SITE. 16,796
2 ENHANCING CONSERVATION PHILANTHROPY: TVF FOSTERS COLLABORATION AMONG CONSERVATION FUNDERS FOR MAXIMUM IMPACT. - TVF IS CO-FOUNDER (WITH THE LAND FAMILY FOUNDATION) OF THE NORTHERN VIRGINIA ENVIRONMENTAL FUNDERS ORGANIZATION. IN 2023 WE HOSTED THREE EDUCATIONAL MEETINGS OF THE ORGANIZATION WITH PRESENTATIONS BY SUBJECT MATTER EXPERTS. WE ALSO HOSTED A MEETING AT WHICH GRANTEES WERE INVITED TO MAKE PRESENTATIONS AND MEET OUR MEMBER FOUNDATIONS.- TVF PARTICIPATES IN COLLABORATIVE EFFORTS AMONG FUNDERS, INCLUDING THE ENVIRONMENTAL GRANTMAKERS ASSOCIATION, BLUE SKY FUNDERS NETWORK, AND THE CHESAPEAKE BAY FUNDERS NETWORK. 40,787
3 BOARD AND STAFF EDUCATION AND ENGAGEMENT:- BOARD MEMBERS ATTEND EDUCATIONAL CONFERENCES AND LOCAL MEETINGS BY ASSOCIATIONS AND PARTNERS.- BOARD MEMBERS SERVE ON LOCAL ASSOCIATION COMMITTEES AND FUNDERS GROUPS.- TVF HOSTS SUBJECT MATTER EXPERTS ON VARIOUS CONSERVATION ISSUES FOR BOARD EDUCATION. - BOARD AND STAFF MEMBERS PARTICIPATE IN WEBINARS AND TRAININGS. 34,935
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 INVESTMENT IN CUMBERLAND FOREST LIMITED PARTNERSHIP: THE FOUNDATION MADE INVESTMENTS IN A LIMITED PARTNERSHIP, CUMBERLAND FOREST LIMITED PARTNERSHIP. THE PARTNERSHIP WAS FORMED IN 2020 TO ACQUIRE AND OPERATE 253,000 ACRES OF WORKING FOREST LAND IN THE CENTRAL APPALACHIANS AND CLOSED ON TWO PROPERTIES LOCATED IN VIRGINIA AND KENTUCKY/TENNESSEE.DURING THE CURRENT YEAR THERE WAS NO NEW NNET INVESTMENT IN THE PROJECT, BUT WORK CONTINUES ON THE PROJECT. 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
1,805,921
b
Average of monthly cash balances.......................
1b
935,597
c
Fair market value of all other assets (see instructions)................
1c
89,801,784
d
Total (add lines 1a, b, and c).........................
1d
92,543,302
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
92,543,302
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,388,150
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
91,155,152
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,557,758
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
4,557,758
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
46,589
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
24,368
c
Add lines 2a and 2b............................
2c
70,957
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,486,801
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,486,801
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
4,486,801
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
12,531,360
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
0
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
12,531,360
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 4,486,801
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...... 14,857,191
b From 2019...... 7,561,711
c From 2020...... 13,154,887
d From 2021...... 7,151,194
e From 2022...... 7,143,425
f Total of lines 3a through e ........ 49,868,408
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 12,531,360
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..... 4,486,801
e Remaining amount distributed out of corpus 8,044,559
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 57,912,967
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) ... 		14,857,191
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		43,055,776
10 Analysis of line 9:
a Excess from 2019.... 7,561,711
b Excess from 2020.... 13,154,887
c Excess from 2021.... 7,151,194
d Excess from 2022.... 7,143,425
e Excess from 2023.... 8,044,559
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).)
ERNST VOLGENAU
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

ALASKA CONSERVATION FOUNDATION

911 WEST 8TH AVENUE
ANCHORAGE,AK99501 		NONE PC NORTHERN LATITUDES PARTNERSHIPS: COLLABORATIVE CONSERVATION IN THE RAPIDLY CHANGING NORTH 175,000

ALASKA WILDERNESS LEAGUE

122 C STREET NW 240
WASHINGTON,DC20001 		NONE PC GENERAL SUPPORT TO PROTECT THE ARCTIC REFUGE 250,000

AMERICAN PRAIRIE RESERVE

PO BOX 908
BOZEMAN,MT59771 		NONE PC WILD SKY PROGRAM 200,000

APPALACHIAN TRAIL CONSERVANCY

799 WASHINGTON STREET/PO BOX 807
HARPERS FERRY,WV25425 		NONE PC BEYOND BOUNDARIES: THE APPALACHIAN TRAIL AS AN EAST COAST CLIMATE CORRIDOR 300,000

AUDUBON CALIFORNIA A STATE PROGRAM OF THE NATIONAL AUDUBON SOCIETY

225 VARICK STREET
NEW YORK,NY10014 		NONE PC AUDUBON CONSERVATION RANCHING AND GRASSLAND BIRD CONSERVATION PROGRAM 75,000

BISHOP JOHN T WALKER SCHOOL FOR BOYS

1801 MISSISSIPPI AVENUE SE
WASHINGTON,DC20032 		NONE PC GENERAL SUPPORT 50,000

CALIFORNIA MARINE SANCTUARY FOUNDATION

99 PACIFIC STREET
MONTEREY,CA93940 		NONE PC PROTECTING BLUE WHALES AND BLUE SKIES: REDUCING SHIP STRIKE RISK ON ENDANGERED WHALES IN CALIFORNIA 75,000

CALIFORNIA OCEAN ALLIANCE

9099 SOQUEL DRIVE SUITE 8
APTOS,CA95003 		NONE PC TRAINING AND INSPIRING THE NEXT GENERATION OF MARINE MAMMAL SCIENTISTS 15,000

CENTER FOR BIOLOGICAL DIVERSITY

PO BOX 710
TUCSON,AZ85702 		NONE PC SAFE PATHWAYS FOR THE FLORIDA MANATEE: POLICY AND PUBLIC EDUCATION INITIATIVE 50,000

CENTER FOR LARGE LANDSCAPE CONSERVATION

PO BOX 1587
BOZEMAN,MT59715 		NONE PC CORRIDORS AND CROSSINGS PROGRAM 400,000

DEFENDERS OF WILDLIFE

1130 17TH ST NW
WASHINGTON,DC20002 		NONE PC ALASKA PROGRAM AND PROTECTING SELECT PREDATORS IN THE SOUTHWEST AND FLORIDA 350,000

EARTHJUSTICE

50 CALIFORNIA STREET
SAN FRANCISCO,CA94111 		NONE PC SNAKE RIVER ADVOCACY CAMPAIGN - PHASE II 250,000

ENDANGERED SPECIES COALITION

PO BOX 65195
WASHINGTON,DC20035 		NONE PC ROCKY MOUNTAIN WOLF PROTECTION & RECOVERY 80,000

FRIENDS OF KENILWORTH AQUATIC GARDENS

1212 QUINCY STREET NW
WASHINGTON,DC20011 		NONE PC GENERAL SUPPORT 75,000

FROM THE TOP

PO BOX 845429
BOSTON,MA02284 		NONE PC GENERAL SUPPORT 200,000

GREATER YELLOWSTONE COALITION

215 S WALLACE AVENUE
BOZEMAN,MT59715 		NONE PC PROTECTING THE ENGINE OF THE ECOSYSTEM: GREATER YELLOWSTONE WILDLIFE MIGRATIONS 400,000

LAND TRUST ALLIANCECBFN

1250 H STREET NW SUITE 600
WASHINGTON,DC20005 		NONE PC LAND AND WATER CONSERVATION AND RESTORATION IN THE CHESAPEAKE BAY AND GREAT LAKES & CLIMATE INITIATIVE 400,000

LEVINE MUSIC

2801 UPTON ST NW
WASHINGTON,DC20008 		NONE PC SUPPORTING EXCELLENCE IN CLASSICAL MUSIC INSTRUCTION AT LEVINE MUSIC 100,000

LIGHTHAWK

PO BOX 913239
DENVER,CO80291 		NONE PC GENERAL SUPPORT 50,000

LIVING CLASSROOMS OF THE NATIONAL CAPITAL REGION

1417 THAMES STREET
BALTIMORE,MD21231 		NONE PC LC-NCR ENVIRONMENTAL EDUCATION PROGRAMMING AND GENERAL SUPPORT 100,000

NATIONAL MARINE SANCTUARY FOUNDATION

8601 GEORGIA AVENUE SUITE 510
SILVER SPRING,MD20910 		NONE PC HAWAIIAN HUMPBACK WHALE CONSERVATION, WEST COAST GEAR INNOVATION, RESTORE FLORIDA KEYS ICONIC REEFS 275,000

NATIONAL PARKS CONSERVATION ASSOCIATION

777 SIXTH STREET NW SUITE 700
WASHINGTON,DC20001 		NONE PC PROTECTING NATIONAL PARK WILDLIFE 400,000

NATIONAL SYMPHONY ORCHESTRA

2700 F ST NW
WASHINGTON,DC20566 		NONE PC YOUNG PEOPLE'S CONCERTS PROGRAMS 200,000

NATUREBRIDGE- WEST COAST

1033 FORT CRONKHITE
SAUSALITO,CA94965 		NONE PC NATUREBRIDGE ACCESS, GROWTH, AND LEADERSHIP 500,000

NEW ENGLAND AQUARIUM

CENTRAL WHARF
BOSTON,MA02110 		NONE PC NORTH ATLANTIC RIGHT WHALE CONSERVATION: INTEGRATED RIGHT WHALE ANTHROPOGENIC EVENTS DATABASE 150,000

NORTHERN CHUMASH TRIBAL COUNCIL

PO BOX 6533
LOS OSOS,CA93412 		NONE PC CHUMASH HERITAGE NATIONAL MARINE SANCTUARY DESIGNATION CAMPAIGN 200,000

NORTHERN VIRGINIA REGIONAL PARK AUTHORITY

5400 OX RD
FAIRFAX STATION,VA22039 		NONE PC DIRECTIONAL SIGNAGE AT MEADOWLARK GARDENS 25,000

OREGON STATE UNIVERSITY

OFFICE FOR SPONSORED RESEARCH AWARD
ADMINISTRATION
CORVALLIS,OR97331 		NONE PC CONSERVING ELUSIVE CARNIVORES IN OLD-GROWTH FORESTS THROUGH RESEARCH, EDUCATION, AND OUTREACH 25,000

PEOPLE AND CARNIVORES

104 E MAIN ST SUITE 307
BOZEMAN,MT59715 		NONE PC COEXISTENCE FOR CONNECTIVITY 100,000

PIEDMONT ENVIRONMENTAL COUNCIL

PO BOX 460
WARRENTON,VA20188 		NONE PC RAPPAHANNOCK-RAPIDAN CONSERVATION INITIATIVE 100,000

POINT BLUE CONSERVATION SCIENCE

3820 CYPRESS DR SUITE 11
PETALUMA,CA94954 		NONE PC FARALLON ISLANDS NATIONAL WILDLIFE REFUGE RESEARCH AND CONSERVATION PROGRAM 100,000

POTOMAC CONSERVANCY

962 WAYNE AVENUE
SILVER SPRING,MD20910 		NONE PC POTOMAC HEADWATERS CONSERVATION PROJECT 100,000

PROJECT COYOTE

PO BOX 5007
LARKSPUR,CA94977 		NONE PC REFORMING PREDATOR MANAGEMENT AND RANCHING WITH WILDLIFE 75,000

RE WILD

PO BOX 129
AUSTIN,TX78767 		NONE PC FISCAL SPONSOR FOR THE VOLGENAU CLIMATE INITIATIVE 2,051,438

RIVER PARTNERS

580 VALLOMBROSA
CHICO,CA95926 		NONE PC RESTORING CALIFORNIA RIVER CORRIDORS: PATHWAYS TO WILDLIFE RECOVERY 100,000

ROCKEFELLER PHILANTHROPY ADVISORS

6 WEST 48TH ST 10TH FL
NEW YORK,NY10036 		NONE PC PLASTIC SOLUTIONS FUND & SHARK CONSERVATION FUND 750,000

SEE

23564 CALABASAS RD SUITE 201
CALABASAS,CA91302 		NONE PC ANIMAL ROAD CROSSINGS 100,000

SMITHSONIAN CONSERVATION BIOLOGY INSTITUTE

1500 REMOUNT ROAD
FRONT ROYAL,VA22630 		NONE PC PIEDMONT GRASSLANDS BIRD INITIATIVE 125,000

SMITHSONIAN INSTITUTION

1000 JEFFERSON DRIVE SW
WASHINGTON,DC20560 		NONE PC PROTECTING SWIFT FOX AND CORALS 100,000

SPARK THE JOURNEY

609 H STREET NE SUITE 500
WASHINGTON,DC20002 		NONE PC SETTING STUDENTS ON A PATHWAY TO ACADEMIC AND CAREER SUCCESS 50,000

SUSTAINABLE MARKETS FOUNDATION

45 WEST 36TH STREET
NEW YORK,NY10018 		NONE PC VOLGENAU CLIMATE INITIATIVE 237,248

THE NATURE CONSERVANCY OF CALIFORNIA

201 MISSION STREET
SAN FRANCISCO,CA94105 		NONE PC JACK AND LAURA DANGERMOND PRESERVE AND MIGRATORY BIRD RESTORATION 600,000

THE NATURE CONSERVANCY OF VIRGINIA

652 PETER JEFFERSON PARKWAY
CHARLOTTESVILLE,VA22911 		NONE PC ASSESSMENT OF MIGRATORY SHOREBIRDS AND FISH SPECIES USING TAGGING TECHNOLOGIES AT VVCR 175,000

THE OCEAN FOUNDATION

1320 19TH STREET NW 5TH FLOOR
WASHINGTON,DC20036 		NONE PC OCEAN CONNECTORS: CONNECTING YOUTH FOR CONSERVATION 50,000

TRUSTEES FOR ALASKA

1026 W 4TH AVE
ANCHORAGE,AK99501 		NONE PC USING THE LAW TO PROTECT & DEFEND ALASKA LANDS & WILDLIFE 175,000

VIRGINIA EASTERN SHORE LAND TRUST INC

PO BOX 1114
EXMORE,VA23350 		NONE PC CAMPAIGN FOR RURAL LANDS 30,000

WILD FOUNDATION

717 POPLAR AVE
BOULDER,CO80304 		NONE PC FISCAL SPONSOR FOR AN INITIATIVE ON BIODIVERSITY AND CLIMATE FOCUSED ON INDIGENOUS-LED CONSERVATION 275,000

WILDLANDS NETWORK

329 W PIERPONT AVE
SALT LAKE CITY,UT84101 		NONE PC RECONNECTING CRITICAL MIGRATION CORRIDORS FOR WILDLIFE ACROSS NORTH AMERICA 200,000

WOLF HAVEN INTERNATIONAL

3111 OFFUT LAKE RD SE
TENINO,WA98589 		NONE PC WOLF HAVEN INTERNATIONAL ADVOCACY AND OUTREACH PROJECT 25,000

WOLF TRAP FOUNDATION FOR THE PERFORMING ARTS

1645 TRAP ROAD
VIENNA,VA22182 		NONE PC 2022-2023 WOLF TRAP INSTITUTE EARLY STEM/ARTS 100,000

YELLOWSTONE TO YUKON CONSERVATION INITIATIVE

PO BOX 157
BOZEMAN,MT59771 		NONE PC PROTECTING THE ELUSIVE WOLVERINE: LARGE LANDSCAPE CONNECTIVITY 450,000
Total .................................right arrow 3a 11,438,686
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 79,173  
4 Dividends and interest from securities ....     14 262,439  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 4,720  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 5,660,997  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME-PROVIDENCE 		900099 170,808 18 10,501,913  
bPARTNERSHIP INCOME--CUMBERLAND 110000 488,349     10,957,784
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 659,157 16,509,242 10,957,784
13Total. Add line 12, columns (b), (d), and (e)..................
13
28,126,183
(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.)
11E PARTNERSHIP HOLDING AND CONSERVING LAND IN THE APPALACHIAS
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 VOLGENAU FOUNDATION
 
Employer identification number

54-1738281
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 VOLGENAU FOUNDATION
  		Employer identification number
54-1738281
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
ERNST & SARA VOLGENAU
 
8302 SUMMERWOOD DRIVE
 
MCLEAN, VA22102

$ 12,500,000


(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 VOLGENAU FOUNDATION
  		Employer identification number

54-1738281
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 VOLGENAU FOUNDATION
  		Employer identification number

54-1738281
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 VOLGENAU FOUNDATION
EIN:
54-1738281
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 44,448 0   44,448

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

TY 2023 DepreciationSchedule
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
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
COMPUTER EQUIPMENT 2001-08-24 4,792 4,792 SL 3.000000000000 0 0    
COTTAGE CONSTRUCTION 1997-12-16 227,627 149,079 SL 39.000000000000 5,837 0    
EQUIPMENT 1998-04-01 6,094 5,875 200DB 5.000000000000 219 0    
FURNITURE & FIXTURES 1997-12-12 9,949 9,949 200DB 7.000000000000 0 0    
LAND 1997-12-12 100,000   SL 39.000000000000 0 0    
PHILLIPS CREEK FARM 2008-01-15 1,221,722   SL 39.000000000000 0 0    
LEASEHOLD IMPROVEMENTS 2016-03-29 2,355 2,355 SL 7.000000000000 0 0    
COMPUTER EQUIPMENT 2020-03-17 2,173 1,991 SL 3.000000000000 181 0    
COMPUTER EQUIPMENT 2021-11-18 1,664 647 SL 3.000000000000 555 0    

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TY 2023 ExpenditureResponsibilityStmt
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
CUMBERLAND FOREST LP
  		4245 N FAIRFAX DR STE 100
ARLINGTON,VA22203 		2023-12-31 0 THE PURPOSE OF THIS INVESTMENT IS ADVANCE SUSTAINABLE FOREST MANAGEMENT, LONG-TERM PROTECTION, CARBON SEQUESTRATION, RECREATIONAL ACCESS AND LOCAL ECONOMIC DEVELOPMENT. THE PARTNERSHIP WAS FORMED IN 2019 TO ACQUIRE AND OPERATE 253,000 ACRES OF WORKING FOREST LAND IN THE CENTRAL APPALACHIANS. IN THE CURRENT YEAR THE FOUNDATION DID NOT MAKE AN INVESTMENT INTO THE PARTNERSHIP, BUT IT IS AN ONGOING ACTIVITY WHICH THE FOUNDATION MONITORS. 0 NONE 7/15/2024 2024-07-15 TO THE KNOWLEDGE OF THE VOLGENAU FOUNDATION, THE PARTNERSHIP HAS NOT DIVERTED ANY PORTION OF THE GRANT FUNDS FROM THE PURPOSE OF THE GRANT. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF GRANTEE'S REPORTS.

TY 2023 InvestmentsCorpStockSchedule
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
Name of Stock End of Year Book Value End of Year Fair Market Value
PUBLICLY TRADED SECURITIES 64,684 64,684

TY 2023 InvestmentsOtherSchedule2
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENT IN LIMITED PARTNERSHIP FMV 99,772,186 99,772,186

TY 2023 LegalFeesSchedule
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 57,555 0   36,793


TY 2023 OtherAssetsSchedule
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSITS 7,379 7,379 7,379
INVESTMENT IN PARTNERSHIP--CUMBERLAND 35,911,729 48,177,444 48,177,444
RIGHT-OF-USE ASSET 141,820 76,416 76,416


TY 2023 OtherExpensesSchedule
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL PROCESSING FEES 6,039 0   6,039
GENERAL ADMINISTRATIVE EXPENSES 2,546 0   2,546
TELEPHONE AND INTERNET 1,082 0   1,082
POSTAGE AND DELIVERY 62 0   62
DUES & SUBSCRIPTIONS 34,935 0   34,935
LICENSES AND PERMITS 25 0   25
SERVICE AGREEMENTS 1,722 0   1,722
OFFICE EQUIPMENT 5,602 0   5,602
MEALS 1,086 0   1,086
BANK CHARGES 290 0   290
FARM OPERATING EXPENSES 8,914 0   8,914
INVESTMENT EXPENSES FROM PARTNERSHIPS 608,086 837,860   0
INSURANCE - D&O 1,204 0   1,204
OFFICE SUPPLIES 910 0   910
SOFTWARE 9,612 0   9,612
INSURANCE - UMBRELLA 4,930 0   4,930


TY 2023 OtherIncomeSchedule2
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CUMBERLAND FOREST K-1 LOSS 0 -1,808,777 0
PARTNERSHIP INCOME-PROVIDENCE 10,672,721   10,672,721
PARTNERSHIP INCOME--CUMBERLAND 11,446,133   11,446,133


TY 2023 OtherIncreasesSchedule
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
Description Amount
UNREALIZED GAIN 2,023


TY 2023 OtherLiabilitiesSchedule
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
Description Beginning of Year - Book Value End of Year - Book Value
OPERATING LEASE LIABILITY 192,842 105,361


TY 2023 OtherProfessionalFeesSchedule
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
IT CONSULTING 9,163 0   9,163
INVESTMENT MANAGEMENT 1,064,207 5,997   0
OTHER CONSULTING 72,250 0   72,250


TY 2023 TaxesSchedule
Name:
THE VOLGENAU FOUNDATION
EIN:
54-1738281
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 42,225 0   42,408
PROPERTY TAXES 7,882 2,995   4,887
EXCISE TAXES 46,589 0   0
OTHER BUSINESS TAXES 800 0   800
STATE AND FEDERAL UBIT TAXES 32,967 0   0