-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0047
20
23
Open to Public Inspection
For calendar year 2023, or tax year beginning
01-01-2023
, and ending
12-31-2023
Name of foundation
DUKE ENERGY FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
525 SOUTH TRYON STREET DEP12
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE
,
NC
28202
A Employer identification number
58-1586283
B
Telephone number (see instructions)
(704) 382-7200
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
6,181,774
J
Accounting method:
Cash
Accrual
Other (specify)
modified cash
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
39,528
2
Check
.............
3
Interest on savings and temporary cash investments
1,031,898
1,031,898
4
Dividends and interest from securities
...
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
b
Gross sales price for all assets on line 6a
7
Capital gain net income (from Part IV, line 2)
...
0
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
List of Attached Documents:
// Content
8,553
0
8,553
12
Total.
Add lines 1 through 11
........
1,079,979
1,031,898
8,553
13
Compensation of officers, directors, trustees, etc.
0
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
List of Attached Documents:
// Content
5,238
0
0
5,238
c
Other professional fees (attach schedule)
....
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
5,238
0
0
5,238
25
Contributions, gifts, grants paid
.......
29,657,641
29,657,641
26
Total expenses and disbursements.
Add lines 24 and 25
29,662,879
0
0
29,662,879
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-28,582,900
b
Net investment income
(if negative, enter -0-)
1,031,898
c
Adjusted net income
(if negative, enter -0-)
...
8,553
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
1
Cash—non-interest-bearing
.............
756,416
1,594,761
1,594,761
2
Savings and temporary cash investments
.........
34,008,258
4,587,013
4,587,013
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
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)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
34,764,674
6,181,774
6,181,774
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
)
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
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
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
0
0
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
34,764,674
6,181,774
29
Total net assets or fund balances
(see instructions)
.....
34,764,674
6,181,774
30
Total liabilities and net assets/fund balances
(see instructions)
.
34,764,674
6,181,774
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
34,764,674
2
Enter amount from Part I, line 27a
.....................
2
-28,582,900
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
6,181,774
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
6,181,774
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.)
1a
b
c
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
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
...................
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
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
1
14,343
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
14,343
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
14,343
6
Credits/Payments:
a
2023 estimated tax payments and 2022 overpayment credited to 2023
6a
2,272
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
..........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
2,272
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
12,071
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2024 estimated tax
Refunded
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
.........
4a
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:
By language in the governing instrument, or
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)
NC
,
SC
,
OH
,
KY
,
FL
,
IN
,
TN
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
List of Attached Documents:
// Content
.................
12
Yes
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
WWW.DUKE-ENERGY.COM/FOUNDATION
14
The books are in care of
JONATHAN MILLER
Telephone no.
(980) 373-8711
Located at
525 SOUTH TRYON ST DEP12
CHARLOTTE
NC
ZIP+4
28202
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over
Yes
No
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
Form
990-PF
(2023)
Form 990-PF (2023)
Page
5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
...........
1a(1)
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
..............................
1a(2)
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
...........
1a(3)
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
............
1a(4)
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
......................
1a(5)
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
...............
1a(6)
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
..........
1b
c
Organizations relying on a current notice regarding disaster assistance check here
........
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
20
,
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.
20
,
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
.........
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
AMY STRECKER
PRESIDENT
1.00
0
0
0
526 SOUTH CHURCH STREET
CHARLOTTE
,
NC
28202
DOMINIQUE JOHNSON
VICE PRESIDENT
1.00
0
0
0
526 SOUTH CHURCH STREET
CHARLOTTE
,
NC
28202
JONATHAN MILLER
TREASURER
1.00
0
0
0
525 SOUTH TRYON ST
CHARLOTTE
,
NC
28202
MIKE HENDERSHOTT
ASSISTANT TREASURER
1.00
0
0
0
526 SOUTH CHURCH STREET
CHARLOTTE
,
NC
28202
LINDSAY SCHALL
SECRETARY
1.00
0
0
0
550 SOUTH TRYON
CHARLOTTE
,
NC
28202
JULIE S JANSON
TRUSTEE
1.00
0
0
0
550 SOUTH TRYON
CHARLOTTE
,
NC
28202
KODWO GHARTEY-TAGOE
TRUSTEE
1.00
0
0
0
550 SOUTH TRYON
CHARLOTTE
,
NC
28202
STEVEN K YOUNG
TRUSTEE
1.00
0
0
0
550 SOUTH TRYON
CHARLOTTE
,
NC
28202
BRIAN D SAVOY
TRUSTEE
1.00
0
0
0
550 SOUTH TRYON
CHARLOTTE
,
NC
28202
HARRY K SIDERIS
TRUSTEE
1.00
0
0
0
550 SOUTH TRYON
CHARLOTTE
,
NC
28202
DHIAA M JAMIL
TRUSTEE
1.00
0
0
0
550 SOUTH TRYON
CHARLOTTE
,
NC
28202
LOUIS RENJEL
TRUSTEE
1.00
0
0
0
550 SOUTH TRYON
CHARLOTTE
,
NC
28202
RON RISING
TRUSTEE
1.00
0
0
0
550 SOUTH TRYON
CHARLOTTE
,
NC
28202
ALEX GLENN
TRUSTEE
1.00
0
0
0
550 SOUTH TRYON
CHARLOTTE
,
NC
28202
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
...................
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
.............
0
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
.........................
0
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
0
b
Average of monthly cash balances
.......................
1b
23,371,057
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
23,371,057
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
23,371,057
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
350,566
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
23,020,491
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
1,151,025
Part X
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part IX, line 6
..................
1
1,151,025
2a
Tax on investment income for 2022 from Part V, line 5
.......
2a
14,343
b
Income tax for 2022. (This does not include the tax from Part V.)
...
2b
c
Add lines 2a and 2b
............................
2c
14,343
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
1,136,682
4
Recoveries of amounts treated as qualifying distributions
................
4
8,553
5
Add lines 3 and 4
............................
5
1,145,235
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
1,145,235
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
29,662,879
b
Program-related investments—total from Part VIII-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part XII, line 4.
.......
4
29,662,879
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
1,145,235
2
Undistributed income, if any, as of the end of 2022:
a
Enter amount for 2022 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2022:
a
From 2018
......
31,159,020
b
From 2019
......
31,205,756
c
From 2020
......
32,550,012
d
From 2021
......
27,146,498
e
From 2022
......
30,909,752
f
Total
of lines 3a through e
........
152,971,038
4
Qualifying distributions for 2023 from Part
XI, line 4:
$
29,662,879
a
Applied to 2022, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2023 distributable amount
.....
1,145,235
e
Remaining amount distributed out of corpus
28,517,644
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).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
181,488,682
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions)
...
31,159,020
9
Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a
......
150,329,662
10
Analysis of line 9:
a
Excess from 2019
....
31,205,756
b
Excess from 2020
....
32,550,012
c
Excess from 2021
....
27,146,498
d
Excess from 2022
....
30,909,752
e
Excess from 2023
....
28,517,644
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
......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
SUSAN FRANCIS
526 S CHURCH STREET
CHARLOTTE
,
NC
28202
(704) 382-8195
b
The form in which applications should be submitted and information and materials they should include:
THE DUKE ENERGY SCHOLARS PROGRAM IS INDEPENDENTLY ADMINISTERED BY SCHOLARSHIP MANAGEMENT SERVICES, A DIVISION OF SCHOLARSHIP AMERICA. SCHOLARSHIP MANAGEMENT SERVICES IS THE NATION'S LARGEST DESIGNER AND MANAGER OF SCHOLARSHIP AND TUITION REIMBURSEMENT PROGRAMS FOR CORPORATIONS, FOUNDATIONS, ASSOCIATIONS AND INDIVIDUALS. SCHOLARSHIP MANAGEMENT SERVICES IS NOT AFFILIATED WITH DUKE ENERGY CORPORATION OR FOUNDATION. AWARDS ARE GRANTED WITHOUT REGARD TO RACE, COLOR, CREED, RELIGION, SEXUAL ORIENTATION, AGE, GENDER, DISABILITY OR NATIONAL ORIGIN.
c
Any submission deadlines:
APPLICATIONS ACCEPTED BETWEEN 9/01 AND 12/01 EACH YEAR
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
EACH YEAR, DUKE ENERGY SCHOLARSHIPS ARE AWARDED TO GRADUATING HIGH SCHOOL/SECONDARY SCHOOL SENIORS WHO ARE DEPENDENT CHILDREN OF QUALIFIED EMPLOYEES, RETIREES OR SURVIVING SPOUSES/DOMESTIC PARTNERS OF DECEASED EMPLOYEES OF DUKE ENERGY CORPORATION. THE SCHOLARSHIPS ARE MERIT-BASED WITH CONSIDERATION GIVEN TO ACADEMIC RECORD, LEADERSHIP AND PARTICIPATION IN SCHOOL AND COMMUNITY ACTIVITIES, HONORS AND AWARDS, ADULT APPRAISAL, WORK EXPERIENCE, A STATEMENT OF EDUCATIONAL AND CAREER GOALS AND UNUSUAL CIRCUMSTANCES.
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
SUSAN FRANCIS
526 S CHURCH STREET
CHARLOTTE
,
NC
28202
(704) 382-8195
b
The form in which applications should be submitted and information and materials they should include:
APPLICATIONS SHOULD BE COMPLETED ONLINE AT WWW.DUKE-ENERGY.COM/COMMUNITY/FOUNDATION/ONLINE-GRANT-APPLICATION.ASP. PROPOSALS SHOULD CLEARLY DESCRIBE THE PROJECT'S INTENT, NEED AND QUANTIFIABLE RESULTS. THE STAFF AND TRUSTEES WILL REVIEW SUBMITTED PROPOSALS, SEEKING PROJECTS AND PROGRAMS WITH STRONG POTENTIAL TO DEMONSTRATE LONG-LASTING POSITIVE INFLUENCE AND IMPACT ON THE PEOPLE OF THE COMMUNITIES DUKE ENERGY SERVES.
c
Any submission deadlines:
ANY TIME OF THE YEAR
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION WILL NOT CONTRIBUTE: (1) TO ORGANIZATIONS WHICH ARE NOT TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; (2) IN SUPPORT OF ANY POLITICAL CANDIDATE; (3) TO A SINGLE SECTARIAN OR DENOMINATIONAL RELIGIOUS, VETERAN, OR FRATERNAL ORGANIZATION; (4) TO INDIVIDUALS (EXCEPT WITHIN SCHOLARSHIP PROGRAM); (5) TO A PROJECT, INSTITUTION, OR ORGANIZATION WHERE THE FOUNDATION WOULD BE THE ONLY DONOR; AND (6) TO AN ORGANIZATION OF SUCH NATURE THAT THE CONTRIBUTION WOULD CONSTITUTE A "TAXABLE EXPENDITURE" AS DEFINED IN SECTION 4945(D) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE FOUNDATION WILL NOT ORDINARILY CONTRIBUTE TO ORGANIZATIONS PRIMARILY SUPPORTED THROUGH TAX REVENUES AND TO OTHER FOUNDATIONS WHOSE CONTRIBUTIONS, ON AN ONGOING BASIS, DUPLICATE THE CONTRIBUTIONS OF THE DUKE ENERGY FOUNDATION.
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)
a
Paid during the year
ALUMNI ASSOCIATION OF THE WEDGEWORTH INSTITUTE
PO BOX 1690
TAMPA
,
FL
33601
N/A
PC
GRANT
10,000
AMERICAN ONLINE GIVING FOUNDATION INC
40 EAST MAIN STREET SUITE 887
NEWARK
,
DE
19711
N/A
PC
GRANTS
17,088,594
AMERICAN ONLINE GIVING FOUNDATION INC
40 EAST MAIN STREET SUITE 887
NEWARK
,
DE
19711
N/A
PC
EMPLOYEE MATCHING GIFT DONATIONS
7,373,977
AMERICAN ONLINE GIVING FOUNDATION INC
40 EAST MAIN STREET SUITE 887
NEWARK
,
DE
19711
N/A
PC
PUBLIC ASSISTANCE STLF
426,682
AMERICAN RED CROSS
431 18TH STREET NW
WASHINGTON
,
DC
200065009
N/A
PC
GRANT
300,000
AMERICAN RED CROSS - INDIANA
431 18TH STREET NW
WASHINGTON
,
DC
200065009
N/A
PC
GRANT
50,000
AREA IV AGENCY OF AGING
660 N 36TH ST
LAFAYETTE
,
IN
47905
N/A
PC
GRANT
8,000
ARTSPLUS
PO BOX 32757
CHARLOTTE
,
NC
28232
N/A
PC
GRANT
1,500
BOYS AND GIRLS CLUB OF THE SANDHILLS INC
PO BOX 1761
SOUTHERN PINES
,
NC
28388
N/A
PC
GRANT
10,000
BRIDGE TO TURKIYE
1609 E FRANKLIN ST
CHAPEL HILL
,
NC
275142888
N/A
PC
GRANT
10,000
CAPITAL AREA COMMUNITY ACTION AGENCY INC
309 OFFICE PLZ
TALLAHASSEE
,
FL
323012729
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
877
CARTHAGE CENTURY COMMITTEE INCORPORATED
PO BOX 82
CARTHAGE
,
NC
28327
N/A
PC
GRANT
10,000
CENTRAL FLORIDA COMMUNITY ACTION AGENCY INC
411 N MAIN STREET SUITE 210
GAINESVILLE
,
FL
32601
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
948
CHURCH IN MISSION
27 S INDIANA ST
MOORESVILLE
,
IN
46113
N/A
PC
GRANT
10,000
COLUMBUS COUNTY
127 WEST WEBSTER STREET
WHITEVILLE
,
NC
28472
N/A
GOV
GRANT
2,500
COMMUNITY RESOURCE CENTER
218 OMOHUNDRO PLACE
NASHVILLE
,
TN
37210
N/A
PC
GRANT
15,000
COMMUNITY SERVICE CENTER OF MORGAN COUNTY
301 WEST HARRISON STREET
MARTINSVILLE
,
IN
46151
N/A
PC
GRANT
10,000
CONGRESSIONAL HISPANIC CAUCUS INSTITUTE
1128 16TH STREET NW
WASHINGTON
,
DC
20036
N/A
PC
GRANT
50,000
FAMILY PROMISE OF ANDERSON COUNTY INC
PO BOX 1466
ANDERSON
,
SC
29622
N/A
PC
GRANT
5,000
FAMILY PROMISE OF LAURENS COUNTY
PO BOX 1608
LAURENS
,
SC
293605008
N/A
PC
GRANT
5,000
FAMILY PROMISE OF MOORE COUNTY
PO BOX 1173
ABERDEEN
,
NC
283151173
N/A
PC
GRANT
10,000
FEEDING FLORIDA
1493 MARKET STREET
TALLAHASSEE
,
FL
32312
N/A
PC
GRANT
25,000
FLORIDA CATTLEMENS FOUNDATION
PO BOX 421929
KISSIMMEE
,
FL
34742
N/A
PC
GRANT
5,000
FOUNDATION FOR THE CAROLINA'S
220 NORTH TRYON STREET
CHARLOTTE
,
NC
28202
N/A
PC
GRANT
800,000
FOUNDATION FOR THE CAROLINA'S
220 NORTH TRYON STREET
CHARLOTTE
,
NC
28202
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
853,973
FOUNDATION FOR THE CAROLINAS
220 NORTH TRYON STREET
CHARLOTTE
,
NC
28202
N/A
PC
GRANT
200,000
FRANKLINS PROMISE COALITION INCORPORATED
60 ISLAND DR
EASTPOINT
,
FL
323283217
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
2,566
GIRLS ON THE RUN OF CINCINNATI
4760 RED BANK ROAD SUITE 218
CINCINNATI
,
OH
45227
N/A
PC
GRANT
3,000
GREATER HICKORY COOPERATIVE CHRISTIAN MINISTRY
31 1ST AVE SE
HICKORY
,
NC
286023003
N/A
PC
GRANT
5,000
GREENSBORO URBAN MINISTRY
305 W GATE CITY BLVD
GREENSBORO
,
NC
274061240
N/A
PC
GRANT
5,000
GREENWOOD PATHWAY HOUSE FOUNDATION INC
315 CAMBRIDGE AVE W
GREENWOOD
,
SC
296462191
N/A
PC
GRANT
2,000
GULF COUNTY SENIOR CITIZENS ASSOCIATION INC
120 LIBRARY DR
PORT ST JOE
,
FL
324561650
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
950
HABITAT FOR HUMANITY OF THE NC SANDHILLS
2268 NC 5 HWY
ABERDEEN
,
NC
28315
N/A
PC
GRANT
10,000
HANDS ON NASHVILLE
2525 PERIMETER PLACE DRIVE SUITE
121
NASHVILLE
,
TN
37214
N/A
PC
GRANT
15,000
HEART OF FLORIDA UNITED WAY
1940 CANNERY WAY
ORLANDO
,
FL
32804
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
57,977
HENDERSONVILLE CHAMBER FOUNDATION
100 COUNTRY CLUB DRIVE SUITE 104
HENDERSONVILLE
,
TN
37075
N/A
PC
GRANT
10,000
HOPE MISSIONS OF THE UPSTATE
417 HOLLY RIDGE DR
ANDERSON
,
SC
29621
N/A
PC
GRANT
5,000
INDIANA COMMUNITY ACTION ASSOCIATION
1845 W 18TH STREET
INDIANAPOLIS
,
IN
46202
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
100,000
INDIANA ECONOMIC DEVELOPMENT FOUNDATION
1 NORTH CAPITOL AVE SUITE 700
INDIANAPOLIS
,
IN
46204
N/A
PC
GRANT
250,000
JACKSON COUNTY
401 GRINDSTAFF COVE ROAD
SYLVA
,
NC
28779
N/A
GOV
GRANT
5,000
KIWANIS CLUB OF SEMINOLE BREAKFAST FOUNDATION INC
1001 STARKEY RD LOT 293
LARGO
,
FL
337713183
N/A
PC
GRANT
10,000
MIRACLE HILL MINISTRIES SPARTANBURG SC 29301
189 N FOREST STREET
SPARTANBURG
,
SC
29301
N/A
PC
GRANT
6,000
MOORE COUNTY PARTNERS IN PROGRESS
PO BOX 5885
PINEHURST
,
NC
283745885
N/A
PC
GRANT
120,000
NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC
1801 FAYETTEVILLE ST
DURHAM
,
NC
27707
N/A
PC
GRANT
14,000
NORTH CAROLINA DEPARTMENT OF HEALTH AND HUMAN SERVICES DIVISION OF SOCIAL S
2025 MAIL SERVICE CENTER
RALEIGH
,
NC
27699
N/A
GOV
PUBLIC ASSISTANCE PROGRAM - STLF
669,626
NORTH CAROLINA URBAN FOREST COUNCIL
PO BOX 37416
RALEIGH
,
NC
27627
N/A
PC
GRANT
20,000
NORTH CAROLINA WILDLIFE FEDERATION
1346 ST JULIEN ST
CHARLOTTE
,
NC
28205
N/A
PC
GRANT
5,000
NORTHERN KENTUCKY COMMUNITY ACTION COMMISSION
717 MADISON AVE
COVINGTON
,
KY
41011
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
50,000
NORTHERN KENTUCKY COMMUNITY ACTION COMMISSION
717 MADISON AVE
COVINGTON
,
KY
41011
N/A
PC
GRANT
20,000
NORTHERN MOORE FAMILY RESOURCE CENTER INC
PO BOX 190
ROBBINS
,
NC
27325
N/A
PC
GRANT
10,000
OUR DAILY REST
PO BOX 1246
SENECA
,
SC
29679
N/A
PC
GRANT
5,000
OUR FATHER'S ARMS INC
711S SECTION STREET
SULLIVAN
,
IN
47882
N/A
PC
GRANT
10,000
PERFORMING ARTS & SCIENCE ACADEMY
320 N MAIN STREET
MARION
,
SC
29571
N/A
PC
GRANT
2,500
PRANCING HORSE INC
PO BOX 327
SOUTHERN PINES
,
NC
28388
N/A
PC
GRANT
10,000
REBUILDING TOGETHER
999 NORTH CAPITOL ST NE SUITE 330
WASHINGTON
,
DC
20002
N/A
PC
GRANT
170,755
ROOF ABOVE INC
P O BOX 31335
CHARLOTTE
,
NC
28231
N/A
PC
GRANT
5,000
SALVATION ARMY
440 WEST NYACK ROAD
WEST NYACK
,
NY
10094
N/A
PC
GRANT
20,000
SALVATION ARMY
PO BOX 1237
GREENVILLE
,
SC
29602
N/A
PC
GRANT
2,000
SALVATION ARMY OF WAKE COUNTY
1863 CAPITAL BLVD
RALEIGH
,
NC
27604
N/A
PC
GRANT
5,000
SANDHILLSMOORE COALITION
1500 W INDIANA AVE
SOUTHERN PINES
,
NC
28387
N/A
PC
GRANT
10,000
SCHOLARSHIP AMERICA
ONE SCHOLARSHIP WAY
ST PETER
,
MN
560820000
N/A
PC
SCHOLARSHIP PROGRAM
158,350
SHEPHERDS TABLE SOUP KITCHEN
121 HILLSBOROUGH STREET
RALEIGH
,
NC
27603
N/A
PC
GRANT
5,000
SOUTH CAROLINA GOVERNOR'S OFFICE - ADMINISTRATIVE SERVICES
1205 PENDLETON ST
COLUMBIA
,
SC
29209
N/A
GOV
PUBLIC ASSISTANCE PROGRAM - STLF
77,313
SUWANNEE RIVER ECONOMIC COUNCIL INC
PO BOX 70
LIVE OAK
,
FL
320640070
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
2,219
THE SALVATION ARMY
HICKORY PO BOX 1167
HICKORY
,
NC
28603
N/A
PC
GRANT
5,000
THE SALVATION ARMY
4015 STUART ANDREW BOULEVARD
CHARLOTTE
,
NC
28217
N/A
PC
GRANT
5,000
THE SALVATION ARMY
2210 HOFFMEYER RD
FLORENCE
,
SC
29501
N/A
PC
GRANT
5,000
THE SALVATION ARMY - ANDERSON
PO BOX 43
ANDERSON
,
SC
29622
N/A
PC
GRANT
5,000
THE SALVATION ARMY - GASTONIA
107 S BROAD ST
GASTONIA
,
NC
28052
N/A
PC
GRANT
5,000
THE SALVATION ARMY - OHIO CHAPTER
440 WEST NYACK ROAD
WEST NYACK
,
NY
10094
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
75,000
TOWN OF WHITE LAKE NORTH CAROLINA
1879 WHITE LAKE DRIVE
WHITE LAKE
,
NC
28337
N/A
GOV
GRANT
2,500
TREES GREENVILLE INC (DBA TREESUPSTATE)
PO BOX 9232
GREENVILLE
,
SC
296049232
N/A
PC
GRANT
65,000
UNITED HOUSING CONNECTIONS
135 EDINBURGH CT
GREENVILLE
,
SC
29607
N/A
PC
GRANT
5,000
UNITED MINISTRIES
606 PENDLETON ST
GREENVILLE
,
SC
29601
N/A
PC
GRANT
2,000
UNITED WAY CITRUS COUNTY
1582 N MEADOWCREST BLVD
CRYSTAL RIVER
,
FL
34429
N/A
PC
GRANT
25,000
UNITED WAY MONROE COUNTY
431 S COLLEGE AVE
BLOOMINGTON
,
IN
47403
N/A
PC
GRANT
30,000
UNITED WAY OF BIG BEND
307 E 7TH AVE
TALLAHASSEE
,
FL
32303
N/A
PC
GRANT
10,000
UNITED WAY OF CENTRAL FLORIDA INC
PO BOX 1357
HIGHLAND CITY
,
FL
33846
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
13,963
UNITED WAY OF CITRUS COUNTY INC
1582 N MEADOWCREST BLVD
CRYSTAL RIVER
,
FL
34429
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
5,355
UNITED WAY OF HERNANDO COUNTY INC
4028 COMMERCIAL WAY
SPRING HILL
,
FL
34606
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
1,179
UNITED WAY OF JOHNSON COUNTY
594 IRONWOOD DRIVE
FRANKLIN
,
IN
46131
N/A
PC
GRANT
10,000
UNITED WAY OF LAKE AND SUMTER COUNTIES INC
32644 BLOSSOM LN
LEESBURG
,
FL
347883928
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
10,210
UNITED WAY OF LANCASTER COUNTY INC
PO BOX 56
LANCASTER
,
SC
29721
N/A
PC
GRANT
5,000
UNITED WAY OF MARION COUNTY
1401 NE 2ND STREET
OCALA
,
FL
34470
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
8,611
UNITED WAY OF MIDDLE TN
250 VENTURE CIRCLE
NASHVILLE
,
TN
37228
N/A
PC
GRANT
10,000
UNITED WAY OF MOORE COUNTY
375-D SOUTHEAST BROAD ST
SOUTHERN PINES
,
NC
28387
N/A
PC
GRANT
10,000
UNITED WAY OF PASCO COUNTY INC
17230 CAMELOT CT UNIT 101
LAND O LAKES
,
FL
346387285
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
12,994
UNITED WAY OF WABASH VALLEY
100 S 7TH STREET
TERRE HAUTE
,
IN
47885
N/A
PC
GRANT
10,000
UNITED WAY SUNCOAST INC
5201 W KENNEDY BLVD STE 600
TAMPA
,
FL
336091820
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
52,611
UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION
1600 HAMPTON STREET
COLUMBIA
,
SC
29208
N/A
PC
GRANT
17,800
URBAN MINISTRIES OF DURHAM DURHAM NC 27701-3408
410 LIBERTY ST
DURHAM
,
NC
277043408
N/A
PC
GRANT
5,000
VOLUNTEER FLORIDA
1545 TAYMOND DIEHL ROAD SUITE 250
TALLAHASSEE
,
FL
32308
N/A
PC
GRANT
50,000
VOLUSIAFLAGER COUNTY UNITED WAY
3747 W INTERNATIONAL SPEEDWAY BLVD
DAYTONA BEACH
,
FL
32124
N/A
PC
PUBLIC ASSISTANCE PROGRAM - STLF
9,111
WABASH VALLEY COMMUNITY FOUNDATION
200 S 8TH STREET
TERRE HAUTE
,
IN
47807
N/A
PC
GRANT
25,000
Total
.................................
3a
29,657,641
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2023)
Form 990-PF (2023)
Page
12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
1,031,898
4
Dividends and interest from securities
....
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not 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
............
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
RETURN OF GRANT
01
8,553
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
0
1,040,451
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
1,040,451
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
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?
...........
Yes
No
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2023)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description
-
TIN:
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Attach to Form 990, 990-EZ, or 990-PF.
Go to
www.irs.gov/Form990
for the latest information.
OMB No. 1545-0047
20
23
Name of the organization
DUKE ENERGY FOUNDATION
Employer identification number
58-1586283
Organization type
(check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)(
) (enter number) organization
4947(a)(1) nonexempt charitable trust
not
treated as a private foundation
527 political organization
Form 990-PF
501(c)(3) exempt private foundation
4947(a)(1) nonexempt charitable trust treated as a private foundation
501(c)(3) taxable private foundation
Check if your organization is covered by the
General Rule
or a
Special Rule.
Note:
Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33
1
/3
% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of
(1)
$5,000 or
(2)
2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000
exclusively
for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions
exclusively
for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an
exclusively
religious, charitable, etc., purpose. Don't complete any of the parts unless the
General Rule
applies to this organization because it received
nonexclusively
religious, charitable, etc., contributions totaling $5,000 or more during the year
.........
$
Caution:
An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it
must
answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613X
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page
2
Name of organization
DUKE ENERGY FOUNDATION
Employer identification number
58-1586283
Part I
Contributors
Contributors
(see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
1
DUKE ENERGY CORPORATION
526 SOUTH CHURCH STREET
CHARLOTTE
,
NC
28202
$
5,238
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page
3
Name of organization
DUKE ENERGY FOUNDATION
Employer identification number
58-1586283
Part II
Noncash Property
(see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page
4
Name of organization
DUKE ENERGY FOUNDATION
Employer identification number
58-1586283
Part III
Exclusively
religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns
(a)
through
(e) and
the following line entry. For organizations completing Part III, enter the total of
exclusively
religious, charitable, etc., contributions of
$1,000 or less
for the year. (Enter this information once. See instructions.)
$
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
Schedule B (Form 990) (2023)
Additional Data
Software ID:
Software Version:
-
TIN:
TY 2023 AccountingFeesSchedule
Name:
DUKE ENERGY FOUNDATION
EIN:
58-1586283
Category
Amount
Net Investment Income
Adjusted Net Income
Disbursements for Charitable Purposes
RETURN PREPARATION
5,238
0
0
5,238
-
TIN:
TY 2023 OtherIncomeSchedule2
Name:
DUKE ENERGY FOUNDATION
EIN:
58-1586283
Description
Revenue And Expenses Per Books
Net Investment Income
Adjusted Net Income
RETURN OF GRANT
8,553
8,553