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
OAKLAND FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 491
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
STOWE, VT05672
A Employer identification number

55-0754353
B Telephone number (see instructions)

(802) 253-5115
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$4,868,428J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 38,097 38,097  
4 Dividends and interest from securities... 102,987 102,987  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,493
b Gross sales price for all assets on line 6a 713,619
7 Capital gain net income (from Part IV, line 2)... 12,493
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 153,577 153,577  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 31,000 3,000   28,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 2,372     2,372
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,530     3,530
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
27,801     27,761
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
464 439   25
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,821     2,821
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 67,988 3,439   64,509
25 Contributions, gifts, grants paid....... 219,175 219,175
26 Total expenses and disbursements. Add lines 24 and 25 287,163 3,439   283,684
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -133,586
b Net investment income (if negative, enter -0-) 150,138
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............. 16,093 10,422 10,422
2 Savings and temporary cash investments......... 1,522,263 424,823 424,823
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)....... 1,218,403 Click to see attachment
List of Attached Documents:
// Content
2,271,701 		4,248,949
c Investments—corporate bonds (attach schedule)....... 265,637 Click to see attachment
List of Attached Documents:
// Content
53,699 		49,637
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)..........   Click to see attachment
List of Attached Documents:
// Content
131,716 		134,597
14 Land, buildings, and equipment: basis right arrow16,428
Less: accumulated depreciation (attach schedule) right arrow16,428      
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,022,396 2,892,361 4,868,428
Liabilities 17 Accounts payable and accrued expenses.......... 1,071 1,071
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
3,551
23 Total liabilities (add lines 17 through 22)......... 1,071 4,622
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 3,021,325 2,887,739
29 Total net assets or fund balances (see instructions)..... 3,021,325 2,887,739
30 Total liabilities and net assets/fund balances (see instructions). 3,022,396 2,892,361
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
3,021,325
2
Enter amount from Part I, line 27a .....................
2
-133,586
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,887,739
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,887,739
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 UNITED BANK SHORT TERM P    
b ISHARES SHORT TREASURY BOND P 2022-12-28 2023-11-09
c ISHARES TRUST 1-5 YR INVEST, P 2023-06-15 2023-10-19
d UNITED BANK LONG TERM P    
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 138,794   138,544 250
b 212,737   211,938 799
c 216,176   219,527 -3,351
d 145,239   131,117 14,122
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       250
b       799
c       -3,351
d       14,122
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 12,493
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 11,820
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 2,087
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,087
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,087
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 2,504
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,504
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 10 417
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow417 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVT, WV
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowKATHRINE L COPPOCK Telephone no.right arrow (802) 253-5115

Located atright arrow808 BARROWS RDSTOWEVT ZIP+4right arrow05672
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
KATHRINE L COPPOCK PRESIDENT
12.00 		14,000 0 0
808 BARROWS RD
STOWE,VT05672
JOHN D LUTZ VICE-PRES
8.00 		10,000 0 0
1109 7TH STREET
PARKERSBURG,WV26101
ATHEY LUTZ SECRETARY
6.00 		7,000 0 0
1048 CORTLAND RD
DAVIS,WV26260
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
3,998,305
b
Average of monthly cash balances.......................
1b
743,116
c
Fair market value of all other assets (see instructions)................
1c
10,422
d
Total (add lines 1a, b, and c).........................
1d
4,751,843
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
4,751,843
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
71,278
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,680,565
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
234,028
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
234,028
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,087
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,087
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
231,941
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
231,941
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
231,941
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
283,684
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
283,684
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 7 231,941
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 31,355
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 283,684
a Applied to 2022, but not more than line 2a 31,355
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 231,941
e Remaining amount distributed out of corpus 20,388
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 20,388
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		20,388
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 20,388
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
OAKLAND FOUNDATION
PO BOX 26103
PARKERSBURG,WV26103
(802) 253-5115
KLC@OAK.ORG
bThe form in which applications should be submitted and information and materials they should include:
SEE ATTACHED GRANT APPLICATION FORM
cAny submission deadlines:
FOUNDATION HAS FOUR ANNUAL GRANT APPLICATION DUE DATES, MARCH 1, JUNE 1, SEPTEMBER, DECEMBER 1. SEE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANT REQUIREMENT IS THAT APPLICANTS ARE QUALIFIED NON- PROFIT ORGANIZATIONS OR OTHER QUALIFIED ENTITIES. THE OTHER REQUIREMENTS ARE LISTED IN THE GRANT APPLICATION GUIDELINES.
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

ACTIVE SOUTHERN WEST VIRGINIA

116 NORTH HEBER ST STE B
BECKLEY,WV25801 		    HEALTH EDUCATION PROGRAMS ALL AGES 10,000

ALPINE HERITAGE PRESERVATION

PO BOX 156
DAVIS,WV26292 		    RESTORE COTTILL'S OPERA HOUSE 18,000

ARTSBRIDGE

925 MARKET ST
PARKERSBURG,WV26101 		    ARTS ENCOUNTER PROGRAM 1,600

BLACKWATER MINISTERIAL ASSOCIATION

315 WILLIAM AVE
DAVIS,WV26260 		    SUPPORT FOOD BANK 5,000

BOYS & GIRLS CLUB OF BURLINGTON

62 OAK ST
BURLINGTN,VT05401 		    HELP PURCHASE TRANSPORTATION VAN 2,000

BURLINGTON DISMAS HOUSE

96 BUELL ST
BURLINGTON,VT05401 		    REPLACE GAS HEATING SYSTEM 1,500

CANAAN VALLEY VOLUNTEER FIRE DEPT

6563 APPALACHIAN HWY
DAVIS,WV26260 		    GENERAL SUPPORT 7,000

COMMON ROOTS

1100 DORSET ST
SOUTH BURLINGTON,VT05403 		    GROWING ORGANIC FOOD SUPPORT 4,500

CRAFTSBURY PUBLIC LIBRARY

12 CHURCH LN
CRAFTSBURY COMMON,VT05827 		    SUPPORT DIGITAL SERVICES 1,000

CROSS VERMONT TRAIL ASSOCIATION

29 MAIN ST
MONTPELIER,VT05601 		    CONNECT COMMUNITY TRAILS TO CVT 2,000

FELLOWSHIP OF THE WHEEL

PO BOX 1566
WILLISTON,VT05495 		    HOST COMMUNITY RIDES-PROMOTE BIKING 1,000

FLYNN CENTER FOR THE PERFORMING ART

153 MAIN STREET
BURLINGTON,VT05401 		    STUDENT MATINEES AND WORKSHOPS 3,000

FRIENDS OF SPRING HILL CEMETARY

815 CUNNINGHAM LANE
ST ALBANS,WV25177 		    HISTORICAL REENACTMENT 1,980

FRIENDS OF STOWE FREE LIBRARY

90 POND ST
STOWE,VT05672 		    GENERAL SUPPORT 1,000

FRIENDS OF THE CHEAT

1343 PRESTON HWY
KINGWOOD,WV26537 		    GENERAL SUPPORT 2,000

GOOD FUN-D

4856 MOUNTAIN ROAD
STOWE,VT05672 		    CREATE COLLABORATIVE CHILDREN'S BOOK 5,000

GOOD SAMARITAN HAVEN

105 N SEMINARY ST
BARRE,VT05641 		    PURCHASE AUTOMATED DEFIBULATOR 2,000

HIGH ROCKS EDUCATIONAL CORPORATION

HIGHWAY COUNTY 64
HILLSBOROWV,WV24946 		    SUMMER CAMP HEALTHY LIVING & WILLNES 4,500

HIPPODROMECOLONY THEATRE

222 PUTNAM ST
MARIETTA,OH45750 		    SINGER/SONGWRITER WORKSHOP 5,000

INTERACT CHILDREN'S MUSEUM

PO BOX 1481
ELKINS,WV26241 		    PART-TIME EMPLOYEE FOR SUMMER EVENTS 2,500

MENTOR VERMONT

19 MARBLE AVE 4
BURLINGTON,VT05401 		    VOLUNTEER & MENTAL HEALTH TRAINING 2,500

MID-OHIO VALLEY MULTICULTURAL CENTR

PO BOX 2050
PARKERSBURG,WV26102 		    DRUM MAKING WORKSHOP FOR CHILDREN 4,300

MONOGAHELA RIVER TRAILS

268 HIGH ST
MORGANTOWN,WV26505 		    CONNECT COMMUNITIES TO TRAILS 5,000

MONTPELIER ALIVE

39 MAIN ST
MONTPELIER,VT05602 		    FLOOD RELIEF 5,500

MORRISTOWN CENTENNIAL LIBRARY

7 RICHMOND ST
MORRISTOWN,VT05661 		    PURCHASE TRAILER 5,000

MTN LAUREL LEARNING COOPERATIVE

P O BOX 304
DAVIS,WV26260 		    GENERAL SUPPORT 3,000

NATURE CONSERVANCY VERMONT

575 STONE CUTTERS WAY
MONTPELIER,VT05602 		    VERMONT CONSERVATION FELLOWSHIPS 1,000

NORTH BRANCH NATURE CENTER

713 ELM STREET
MONTPELIER,VT05602 		    BIRD BANDING & AMPHIBIAN CONSERVATIO 1,000

NORTH COUNTRY ANIMAL LEAGUE

3524 LAPORTE ROAD
MORRISVILLE,VT05661 		    GENERAL SUPPORT 1,000

PARKERSBURGWOOD COUNTY PUBLIC LIBR

3100 EMERSON AVE
PARKERSBURG,WV26104 		    CONSTRUCT WATER FEATURE FOR GARDEN 2,095

PLANNED PARENTHOOD NORTHRN NEW ENG

784 HERCULES DR
COLCHESTER,VT05446 		    SUPPORT BARRE OFFICE SLIDING SCALE 5,000

RESOURCE

329 HARVEST LANE 200
WILLISTON,VT05495 		    WORKFORCE DEVEOPMENT TRAINING PROGRM 2,500

RIVER ARTS

74 PLEASANT ST
MORRISVILLE,VT05661 		    AFTERSCHOOL ENRICHMENT PROGRAMS 4,000

SALVATION FARMS

49 PORTLAND STREET
MORRISTOWN,VT05661 		    CONNECT FARMS TO LOCAL COMMUNITY SVC 5,000

SHELBURNE FARMS

1611 HARBER ROAD
SHELBURNE,VT05482 		    COACH BARN RESTORATION 5,000

SHELBURNE MUSEUM

6000 SHELBURNE ROAD
SHELBOURNE,VT05842 		    SUPPORT RAILROAD EXHIBIT 5,000

SNOW SPORTS MUSEUM OF WEST VIRGINIA

PO BOX 421
DAVIS,WV26260 		    GENERAL SUPPORT 5,000

SOLARIS VOCAL ENSEMBLE

14 ASPEN DRIVE
ESSEX JUNCTION,VT05452 		    FUND 2004 PERFORMANCES 2,000

SPECTRUM YOUTH & FAMILY SERVICES

31 ELMWOOD AVE
BURLINGTON,VT05401 		    CONNECT MULTICULTURAL YOUTH TO SERVI 5,000

SPRUCE PEAK PERFORMING ARTS

122 HOURGLASS DRIVE
STOWE,VT05672 		    SCHOLARSHIPS FOR SUMME CAMPS 1,000

ST ALBANS CITY PARK

931 OBSERVATORY DRIVE
ST ALBANS,WV25177 		    WA.LK ON THE WILD SIDE EVENT 2,200

ST FRANCIS XAVIER CHURCH

532 MARKET STREET
PARKERSBURG,WV26101 		    GENERAL SUPPORT 5,000

STERN CENTER

183 TALCOTT RD 101
WILLISTON,VT05495 		    LEARNING LABS-SOCIAL COGNITION 2,500

STOWE LAND TRUST

6 SUNSET ST
STOWE,VT05672 		    WIESSNER WOODS TRAIL MAINTENANACE 1,000

STOWE STORY LABS

PO BOX 513
STOWE,VT05672 		    VERMONT FILM AND MUSIC FESTIVAL 1,000

TABOR OPERA HOUSE

308 HARRISON AVE
LEADVILLE,CO80461 		    SUPPOR OPERA HOUSE RENOVATION 1,000

THE CURRENT

90 POND STREET
STOWE,VT05672 		    PUBLIC GALLERY PROGRAMMING 5,000

TUCKER COUNTY HIGH SCHOOL

RT1 BOX 153
HAMBLETON,WV26269 		    2023 COLLEGE SCHOLARSHIP 1,500

TUCKER COUNTY HIGH SCHOOL

RT1 BOX 153
HAMBLETON,WV26269 		    2021 COLLEGE SCHOLARSHIP SECOND YEAR 1,500

TUCKER COUNTY HIGH SCHOOL

RT1 BOX 153
HAMBLETON,WV26269 		    2020 COLLEGE SCHOLARSHIP THIRD YEAR 1,500

VERMONT ASSOCIATION FOR THE BLIND

60 KIBALL AVE
SOUTH BURLINGTON,VT05103 		    EXPAND TECHNOLOGY TRAINING FOR BLIND 2,000

VERMONT ENERGY PROGRAM

79 RUVER ST
MONTPELIER,VT05602 		    STEM EDUCATION ENERGY & CLIMATE 2,000

VERMONT FOLKLIFE CENTER

88 MAIN ST
MIDDLEBURY,VT05753 		    FUND TRAVELING EXHIBIT & STORAGE 2,000

VERMONT HISTORICAL SOCIETY

60 WASHINGTON ST SUITE 1
BARRE,VT05641 		    DOCUMENTARY ON ETHAN ALLEN 1,000

VERMONT HUMANITIES

11 LOOMIS STREET
MONTPELIER,VT05602 		    VERMONT READS-STATEWIDE PROGRAM 2,000

VERMONT SYMPHONY ORCHESTRA

2 CHURCH ST MEZZANINE
BURLINGTON,VT05401 		    SUPPORT SYMPHONY KIDS 2024 3,000

VERMONT WORKS FOR WOMEN

32 MALLETTS BAY AVE
WINOOSKI,VT05404 		    SUPPORT ROSIE'S GIRLS CAREER PROGRAM 3,000

WARM THE CHILDREN

PO BOX 345
PARSONS,WV26287 		    WINTER CLOTHING FOR NEEDY CHILDREN 2,000

WELFARE FOR ANIMALS GROUP

1011 CREST VIEW DRIVE
CRESTON,WV26141 		    GENERAL SUPPORT 1,500

WEST VIRGINIA BOTANIC GARDEN

1061 TYRONE RD
MORGANTOWN,WV26508 		    ADA PATHWAY CHILDREN'S GARDEN 2,000

WEST VIRGINIA DIVISION OF FORESTRY

7 PLAYERS CLUB DRIVE
CHARLESTON,WV25311 		    BOOKS&TRAVEL-LEARNING TREE WORKSHOP 5,000

WV UNIVERSITY PARKERSBURG FOUNDATIO

300 CAMPUS DRIVE
PARKERSBURG,WV26104 		    SUPPORT WUVUP FOUNDATION OAKLAND FND 10,000

YESTERMORROW

7865 MAIN STREET
WAITSFIELD,VT05673 		    WOODSHOP RESTORATION 6,000

YOUNG WRITERS PROJECT

47 MAPLE STREET SUITE 216
BURLINGTON,VT05401 		    ARTS AND SPACE PROGRAM 5,000
Total .................................right arrow 3a 219,175
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 38,097  
4 Dividends and interest from securities ....     14 102,987  
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 15,844 -3,351
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   156,928 -3,351
13Total. Add line 12, columns (b), (d), and (e)..................
13
153,577
(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.)
8 18
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

TY 2023 AccountingFeesSchedule
Name:
OAKLAND FOUNDATION INC
EIN:
55-0754353
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 3,530     3,530

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

TY 2023 DepreciationSchedule
Name:
OAKLAND FOUNDATION INC
EIN:
55-0754353
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
CHAIR 1997-12-18 543 543 200DB 7.0000        
BOOKCASE 1997-01-12 76 76 200DB 7.0000        
COMPUTER EQUIPMENT 1997-12-31 8,645 8,645 200DB 5.0000        
DELL COMPUTER 2002-01-02 2,382 2,382 200DB 5.0000        
STAPLES PRINTER 2002-11-09 230 230 200DB 5.0000        
LAPTOP 2006-02-03 2,530 2,530 200DB 5.0000        
DELL COMPUTER 2007-12-08 2,022 2,022 200DB 5.0000        

TY 2023 InvestmentsCorpBondsSchedule
Name:
OAKLAND FOUNDATION INC
EIN:
55-0754353
Name of Bond End of Year Book Value End of Year Fair Market Value
UNITED BNK FIXED INCOME-SEE ATTACHE 53,699 49,637
UNITED BANK MISC. - SEE ATTACHED    

TY 2023 InvestmentsCorpStockSchedule
Name:
OAKLAND FOUNDATION INC
EIN:
55-0754353
Name of Stock End of Year Book Value End of Year Fair Market Value
UNITED BANK EQUITIES-SEE ATTACHED 853,670 2,610,771
UNITED BANK MUTUAL FDS-SEE ATTACHED 1,418,031 1,638,178

TY 2023 InvestmentsOtherSchedule2
Name:
OAKLAND FOUNDATION INC
EIN:
55-0754353
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
UNITED BANK MISC, ISHARES TRUST AT COST 131,716 134,597

TY 2023 LandEtcSchedule2
Name:
OAKLAND FOUNDATION INC
EIN:
55-0754353
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
  16,428 16,428    


TY 2023 OtherExpensesSchedule
Name:
OAKLAND FOUNDATION INC
EIN:
55-0754353
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INTERNET 527     527
P0ST OFFICE BOX FEES 402     402
POSTAGE 9     9
SUPPLIES 1,174     1,174
TELEPHONE 709     709


TY 2023 OtherLiabilitiesSchedule
Name:
OAKLAND FOUNDATION INC
EIN:
55-0754353
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED INCOME   3,551


TY 2023 OtherProfessionalFeesSchedule
Name:
OAKLAND FOUNDATION INC
EIN:
55-0754353
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FIDUCIARY FEES 27,801     27,761


TY 2023 TaxesSchedule
Name:
OAKLAND FOUNDATION INC
EIN:
55-0754353
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WEST VIRGINIA ANNUAL REPORT 25     25
FOREIGN TAX WITHHELD 439 439    
990-PF FEDERAL TAX PAYMENTS        
PENALTY