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
MW ARMISTEAD III FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)204 SOUTH JEFFERSON STREET STE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ROANOKE, VA240111708
A Employer identification number

03-0435755
B Telephone number (see instructions)

(540) 343-1500
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$2,874,633J 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      
4 Dividends and interest from securities... 76,345 76,462  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 148,797
b Gross sales price for all assets on line 6a 399,982
7 Capital gain net income (from Part IV, line 2)... 148,797
8 Net short-term capital gain......... 0
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........ 225,142 225,259  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 23,855 23,855    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
142 142 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,200 1,200 0 0
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,118 495   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
25 25    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,340 25,717 0 0
25 Contributions, gifts, grants paid....... 132,519 132,519
26 Total expenses and disbursements. Add lines 24 and 25 158,859 25,717 0 132,519
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 66,283
b Net investment income (if negative, enter -0-) 199,542
c Adjusted net income (if negative, enter -0-)... 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......... 163,178 222,328 222,328
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 127,483 Click to see attachment
List of Attached Documents:
// Content
75,624 		72,943
b Investments—corporate stock (attach schedule)....... 879,423 Click to see attachment
List of Attached Documents:
// Content
814,890 		1,922,394
c Investments—corporate bonds (attach schedule)....... 543,693 Click to see attachment
List of Attached Documents:
// Content
666,351 		656,968
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)..........     0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,713,777 1,779,193 2,874,633
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,713,777 1,779,193
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)..... 1,713,777 1,779,193
30 Total liabilities and net assets/fund balances (see instructions). 1,713,777 1,779,193
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
1,713,777
2
Enter amount from Part I, line 27a .....................
2
66,283
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
904
4
Add lines 1, 2, and 3 ..........................
4
1,780,964
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,771
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,779,193
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 50000. FORT LAUDERDALE FLA SPL OBLIG TAXABLE SPL OBLIG BDS TAXABLE 4.3   2015-01-16 2023-01-01
b 20000. PRECISION CASTPARTS CORP SR NT 2.50% DTD 12/20/2012 DUE 01/15/2   2019-01-09 2023-01-15
c 25. BLACKROCK INC COM   2016-02-19 2023-03-23
d 200. CSX CORP   2016-02-19 2023-03-23
e 50. FASTENAL CO COM   2019-10-21 2023-03-23
25. HOME DEPOT INC   2016-06-23 2023-03-23
100. MICROSOFT CORP   2005-08-26 2023-03-23
350. NOVARTIS AG SPONSORED ADR   2019-10-21 2023-03-23
100. SELECT SECTOR SPDR TR MATLS   2005-12-02 2023-03-23
100. TJX COS INC NEW COM   2018-03-12 2023-03-23
50. VISA INC COM CL A   2017-10-03 2023-03-23
25. WASTE MGMT INC DEL   2007-10-25 2023-03-23
25000. MERCK & CO INC SR NT 2.80% DTD 05/20/2013 DUE 05/18/2023   2018-05-03 2023-05-18
50. APPLE COMPUTER INC   2020-03-16 2023-09-22
35. BROADCOM INC COM   2019-01-28 2023-09-22
50. DISNEY WALT CO   2012-10-15 2023-09-22
50. HOME DEPOT INC   2016-06-23 2023-09-22
50. JOHNSON & JOHNSON   2005-08-26 2023-09-22
25. MICROSOFT CORP   2005-08-26 2023-09-22
200. PEPSICO INC   2009-06-10 2023-09-22
400. TJX COS INC NEW COM   2018-03-12 2023-09-22
25000. CUMMINS INC SR GLBL NT 3.65% DTD 09/24/2013 DUE 10/01/2023   2019-06-12 2023-10-01
18000. DTE ELEC CO 1M BD B 3.65% DTD 08/27/2013 DUE 03/15/2024   2018-05-11 2023-12-28
(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 50,000   51,389 -1,389
b 20,000   20,000  
c 16,270   7,841 8,429
d 5,614   1,654 3,960
e 2,584   1,840 744
7,106   3,196 3,910
27,736   2,701 25,035
28,829   30,197 -1,368
7,625   3,023 4,602
7,465   4,128 3,337
11,124   5,272 5,852
3,772   949 2,823
25,000   25,000  
8,750   3,124 5,626
28,834   9,377 19,457
4,075   2,538 1,537
15,300   6,392 8,908
8,042   3,113 4,929
7,942   675 7,267
35,130   10,584 24,546
35,784   15,192 20,592
25,000   25,000  
18,000   18,000  
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       -1,389
b        
c       8,429
d       3,960
e       744
      3,910
      25,035
      -1,368
      4,602
      3,337
      5,852
      2,823
       
      5,626
      19,457
      1,537
      8,908
      4,929
      7,267
      24,546
      20,592
       
       
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 2 148,797
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 2,774
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 2,774
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 2,774
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a  
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 106
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 2,880
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 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$   (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 arrowVA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowTCV TRUST AND WEALTH MANAGEMENT Telephone no.right arrow (540) 343-1500

Located atright arrow204 SOUTH JEFFERSON ST STE 200ROANOKEVA ZIP+4right arrow240111708
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
 
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
BRAD E MULLINS TREASURER DIRECTOR
1 		0    
204 S JEFFERSON ST STE 200
ROANOKE,VA240111708
FLEDA A RING PRESIDENT DIRECTOR
1 		0    
204 S JEFFERSON ST STE 200
ROANOKE,VA240111708
BRANDON R COMER DIRECTOR
1 		0    
204 S JEFFERSON ST STE 200
ROANOKE,VA240111708
TCV TRUST AND WEALTH MANAGEMENT TRUSTEE
0 		23,855    
204 S JEFFERSON ST STE 200
ROANOKE,VA240111708
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
2,495,128
b
Average of monthly cash balances.......................
1b
255,930
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,751,058
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
2,751,058
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
41,266
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,709,792
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
135,490
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
135,490
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,774
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,774
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
132,716
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
132,716
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
132,716
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
132,519
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
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
132,519
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 7 132,716
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 34,519
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 132,519
a Applied to 2022, but not more than line 2a 34,519
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..... 98,000
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		34,716
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

APPLE RIDGE FARM

541 LUCK AVE SW SUITE 304
ROANOKE,VA24016 		NONE PC OPERATIONS 5,000

ROANOKE AREA MINISTRIES

824 CAMPBELL AVENUE SW 5
ROANOKE,VA24016 		NONE PC OPERATIONS 30,000

SCRUGGS VOLUNTEER FIRE DEPARTMENT

PO BOX 844
HARDY,VA24101 		NONE PC OPERATIONS 5,000

RONALD MCDONALD HOUSE ROANOKE

2224 S JEFFERSON ST
ROANOKE,VA24014 		NONE PC OPERATIONS 3,000

ST FRANCIS OF ASSIST SERVICE DOG

PO BOX 19538
ROANOKE,VA24019 		NONE PC OPERATIONS 7,500

HABITAT FOR HUMANITY
OF FRANKLIN COUNTY
PO BOX 834
ROCKY MOUNT,VA24151 		NONE PC OPERATIONS 3,000

GOOD SAMARITAN HOSPICE INC

2408 ELECTRIC ROAD
ROANOKE,VA24018 		NONE PC OPERATIONS 13,519

FREE CLINIC OF FRANKLIN COUNTY INC

1171 FRANKLIN STREET
ROCKY MOUNT,VA24151 		NONE PC OPERATIONS 14,000

OAKLAND SCHOOL INC

128 OAKLAND FARM WAY
TROY,VA22974 		NONE PC SCHOLARSHIP 5,500

BRADLEY FREE CLINIC

1240 THIRD STREET SW
ROANOKE,VA24016 		NONE PC PROJECT ACCESS PROGRAM 10,000

MONETA RESCUE SQUAD

12646 N OLD MONETA ROAD
MONETA,VA24121 		NONE PC OPERATIONS 2,500

BRAIN INJURY SERVICES OF SW VA

3904 FRANKLIN ROAD SUITE B
ROANOKE,VA24014 		NONE PC SUPPORT CASE MGMT FOR 3,000

WARRIOR EXPEDITIONS

6621 FAIRWAY VIEW TR
ROANOKE,VA24018 		NONE PC OPERATIONS 3,000

SMITH MTN LAKE MARINE VOLUNTEER
FIRE/RESCUE
PO BOX 899
HARDY,VA241010899 		NONE PC OPERATIONS 2,000

LOA MEALS ON WHEELS

PO BOX 14205
ROANOKE,VA240384205 		NONE PC OPERATIONS 10,000

GOOD NEIGHBORS FUND

PO BOX 1951
ROANOKE,VA24008 		NONE PC OPERATIONS 4,000

FEEDING AMERICA SOUTHWEST VIRGINIA

1025 ELECTRIC ROAD
SALEM,VA24153 		NONE PC OPERATIONS 2,500

RENOVATION ALLIANCE

PO BOX 4532
ROANOKE,VA24015 		NONE PC OPERATIONS 3,500

SOUTHWEST VIRGINIA WILDLIFE CENTER

5985 COLEMAN RD 5266
ROANOKE,VA24018 		NONE PC FEED AND CARE OF ANIMALS 2,000

NEW FREEDOM FARM

6118 LITHIA ROAD
BUCHANAN,VA24066 		NONE PC OPERATIONS 2,000

SML GOOD NEIGHBORS

10664 MONETA ROAD
MONETA,VA24121 		NONE PC OPERATIONS 1,500
Total .................................right arrow 3a 132,519
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 ........... 		         
4 Dividends and interest from securities ....     14 76,345  
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 ............ 		    18 148,797  
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) ..   225,142  
13Total. Add line 12, columns (b), (d), and (e)..................
13
225,142
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
MW ARMISTEAD III FAMILY FOUNDATION
EIN:
03-0435755
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,200 1,200    

TY 2023 InvestmentsCorpBondsSchedule
Name:
MW ARMISTEAD III FAMILY FOUNDATION
EIN:
03-0435755
Name of Bond End of Year Book Value End of Year Fair Market Value
APPLE INC SR NT 3.2% 25,322 24,491
BANK OF AMERICA CORP FR 4.25% 25,680 24,546
BLACKROCK INC SR GLBL 3.2% 74,041 72,649
CINCINNATI CHILDRENS HOSP MED 24,440 23,544
CUMMINS INC SR GLBL NT 3.65%    
DTE ELEC CO IM BD B 3.65% 7,006 6,968
DOLLAR GEN CORP NEW SR 3.875% 25,520 24,226
JOHNSON & JOHNSON SR GLBL 2.62 24,803 24,469
MERCK & CO INC SR NT    
NOVARTIS CAPITAL CORP SR GLBL    
PRECISION CASTPARTS CORP 2.5%    
SHELL INTERNATIONAL FIN BV SR 25,045 24,508
CAPITAL ONE BK USA NATL ASSN 2    
JPMORGAN CHASE & CO SR NT 3.12 25,482 24,474
GOLDMAN SACHS GROUP INC 3.50% 26,371 24,072
VIRGINIA ELEC & PWR CO 3.10% 25,793 24,373
GEORGIA ST GO BDS 2010 C TAXAB    
CHEVRON CORPORATION SR GLBL NT 22,852 22,150
CINCINNATI FINL CORP SR DEB 26,494 26,805
COMCAST CORP NEW SR GLBL NT 24,287 23,829
MARTIN MARIETTA MATLS INC SR G 24,827 24,811
PRECISION CASTPARTS CORP SR NT    
REALTY INCOME CORP SR GLBL NT 24,719 26,299
SALESFORCE COM INC GLBL NT 22,062 21,353
SPDR PORTFOLIO INTERM TERM COR 20,768 21,340
PACIFICORP 22,824 23,461
NORTHERN TR CORP JR GLBL NT 26,703 26,846
NORFOLK SOUTHERN CORP SR GLGL 26,565 26,404
NVR INC SR GLBL NT 22,232 22,273
MARTIN MARIETTA MATLS INC SR G 20,894 21,209
GLOBE LIFE INC SR GLBL NT 20,562 20,891
BROWN FORMAN CORP SR GLBL NT 51,059 50,977

TY 2023 InvestmentsCorpStockSchedule
Name:
MW ARMISTEAD III FAMILY FOUNDATION
EIN:
03-0435755
Name of Stock End of Year Book Value End of Year Fair Market Value
HOME DEPOT INC COM 15,981 43,319
TJX COS INC NEW COM 12,908 32,834
VF CORP COM    
PEPSICO INC COM 12,219 42,460
PROCTER & GAMBLE CO COM 17,160 43,962
CHEVRON CORP NEW COM 21,851 67,122
CHUBB LIMITED COM 30,719 50,850
BLACKROCK INC COM 15,681 40,590
JPMORGAN CHASE & CO COM 24,430 38,273
PRICE T ROWE GROUP INC COM 20,673 32,307
US BANCORP DEL COM NEW 30,440 43,280
AMGEN INC COM 27,115 50,404
JOHNSON & JOHNSON COM 16,407 47,022
MERCK & CO INC NEW COM 9,934 32,706
NOVARTIS AG SPONSORED ADR    
CSX CORP COM 8,270 34,670
FASTENAL CO COM 22,080 38,862
WASTE MANAGEMENT INC COM 6,548 40,298
APPLE INC COM 15,056 86,639
AUTOMATIC DATA PROCESSING INC 19,258 52,418
BROADCOM INC COM 18,593 100,463
CISCO SYS INC COM 23,985 42,942
INTEL CORP COM    
MICROSOFT CORP COM 8,008 112,812
MICROCHIP TECHNOLOGY INC COM 17,382 76,653
VISA INC COM CL A 21,089 52,070
IRON MTN INC NEW COM 22,696 50,736
DISNEY WALT CO COM 13,956 24,830
STARBUCKS 25,510 33,604
ABBOTT LABORATORIES 30,604 38,525
MASCO CORP 26,342 36,839
NORTHROP GRUMMAN CORP 22,500 35,111
ZOETIS INC CL A 40,089 44,408
ORGANON & CO COMMON STOCK    
ADOBE INC. 49,644 74,575
AMAZON.COM INC COM 17,855 22,791
COSTCO WHSL CORP NEW COM 12,318 16,502
ISHARES RUSSELL MID-CAP ETF 25,440 93,276
ISHARES RUSSELL 2000 ETF 30,449 90,320
VANGUARD REAL ESTATE ETF 21,511 46,389
SELECT SECTOR SPDR TR MATLS 8,323 25,662
SELECT SECTOR SPDR TR UTILS 6,480 15,833
ACCENTURE PLC CLASS A 20,390 26,318
LILLY ELI & CO 24,996 43,719

TY 2023 InvestmentsGovtObligationsSch
Name:
MW ARMISTEAD III FAMILY FOUNDATION
EIN:
03-0435755
US Government Securities - End of Year Book Value:

 
US Government Securities - End of Year Fair Market Value:

 
State & Local Government Securities - End of Year Book Value:


75,624
State & Local Government Securities - End of Year Fair Market Value:


72,943


TY 2023 LegalFeesSchedule
Name:
MW ARMISTEAD III FAMILY FOUNDATION
EIN:
03-0435755
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - INCOME (ALLOCABLE 142 142    


TY 2023 OtherDecreasesSchedule
Name:
MW ARMISTEAD III FAMILY FOUNDATION
EIN:
03-0435755
Description Amount
2023 TRANSACTIONS POSTED IN 2024 1,566
ROUNDING 5
ACCRUED INTEREST POSTED IN 2024 200


TY 2023 OtherExpensesSchedule
Name:
MW ARMISTEAD III FAMILY FOUNDATION
EIN:
03-0435755
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE - 25 25   0


TY 2023 OtherIncreasesSchedule
Name:
MW ARMISTEAD III FAMILY FOUNDATION
EIN:
03-0435755
Description Amount
2022 TRANSACTIONS POSTED IN 2023 521
ACCRUED INTEREST POSTED IN 2023 383


TY 2023 TaxesSchedule
Name:
MW ARMISTEAD III FAMILY FOUNDATION
EIN:
03-0435755
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 495 495   0
FEDERAL TAX PAYMENT - PRIOR YE 623 0   0