Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE JAMES W AND FRANCES GIBSON
MCGLOTHLIN FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)1005 GLENWAY AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BRISTOL, VA24201
A Employer identification number

26-3533035
B Telephone number (see instructions)

(276) 645-1436
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$52,382,939J 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 94,690 94,690  
4 Dividends and interest from securities... 989,317 968,174  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,733,942
b Gross sales price for all assets on line 6a 23,695,347
7 Capital gain net income (from Part IV, line 2)... 1,707,506
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
44,455 -18,030  
12 Total. Add lines 1 through 11........ 2,862,404 2,752,340  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 63,789 0   63,789
14 Other employee salaries and wages...... 44,836 0   44,836
15 Pension plans, employee benefits....... 54,803 0   54,803
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,200 0   21,200
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
147,825 147,825   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
36,566 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
983,974 180   46,767
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,352,993 148,005   231,395
25 Contributions, gifts, grants paid....... 2,497,376 2,789,784
26 Total expenses and disbursements. Add lines 24 and 25 3,850,369 148,005   3,021,179
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -987,965
b Net investment income (if negative, enter -0-) 2,604,335
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 44,238 74,984 74,984
2 Savings and temporary cash investments......... 5,109,850 3,331,726 3,331,726
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 1,137,947 1,137,946 1,137,946
10a Investments—U.S. and state government obligations (attach schedule) 3,486,894 Click to see attachment
List of Attached Documents:
// Content
4,729,247 		4,729,247
b Investments—corporate stock (attach schedule)....... 14,190,347 Click to see attachment
List of Attached Documents:
// Content
14,835,455 		14,835,455
c Investments—corporate bonds (attach schedule)....... 9,764,470 Click to see attachment
List of Attached Documents:
// Content
7,577,906 		7,577,906
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).......... 13,046,714 Click to see attachment
List of Attached Documents:
// Content
16,644,834 		16,644,834
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,327,562 		Click to see attachment
List of Attached Documents:
// Content
4,050,841 		Click to see attachment
List of Attached Documents:
// Content
4,050,841
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 50,108,022 52,382,939 52,382,939
Liabilities 17 Accounts payable and accrued expenses.......... 70,605 28,136
18 Grants payable................. 817,831 525,423
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
4,959
23 Total liabilities (add lines 17 through 22)......... 888,436 558,518
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........... 16,317,903 35,149,414
25 Net assets with donor restrictions............ 32,901,683 16,675,007
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 49,219,586 51,824,421
30 Total liabilities and net assets/fund balances (see instructions). 50,108,022 52,382,939
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
49,219,586
2
Enter amount from Part I, line 27a .....................
2
-987,965
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,637,255
4
Add lines 1, 2, and 3 ..........................
4
51,868,876
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
44,455
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
51,824,421
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 PUBLICLY-TRADED SECURITIES P    
b ENERGY TRANSFER LP P    
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 23,695,347   21,975,604 1,719,743
b     12,237 -12,237
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       1,719,743
b       -12,237
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,707,506
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 36,200
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 36,200
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 36,200
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 31,695
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 31,695
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 4,505
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 arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
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 arrowBARBARA BJERKE Telephone no.right arrow (276) 645-1436

Located atright arrow1005 GLENWAY AVENUEBRISTOLVA ZIP+4right arrow24201
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)
Yes
 
(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
JAMES W MCGLOTHLIN CHAIRMAN/DIRECTOR
1.00 		0 0 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
FRANCES G MCGLOTHLIN VICE CHAIRMAN/VP/SECRETARY
1.00 		0 0 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
ISRAEL D O'QUINN PRESIDENT/CEO/DIRECTOR
5.00 		31,361 654 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
BARBARA BJERKE TREASURER
1.00 		0 0 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
CLAIRE DAVIS EXECUTIVE DIRECTOR/ASSISTANT SECRETARY
10.00 		32,428 1,297 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
SAM F EWING DIRECTOR
1.00 		0 0 0
1251 RICHMOND ROAD
WINTER PARK,FL32789
LOIS A CLARKE DIRECTOR
1.00 		0 0 0
1251 RICHMOND ROAD
BRISTOL,VA24201
MARTIN L KENT DIRECTOR
1.00 		0 0 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
R BRAD MARTIN DIRECTOR
1.00 		0 0 0
1025 CHERRY ROAD
MEMPHIS,TN38117
MARTHA MCGLOTHLIN BOWMAN DIRECTOR
1.00 		0 0 0
22286 VIRGINIA TRAIL
BRISTOL,VA24202
FAY H STREET DIRECTOR
1.00 		0 0 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
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
UNITED MANAGEMENT COMPANY LLC INVESTMENT MANAGEMENT 82,630
1005 GLENWAY AVENUE
BRISTOL,VA24201
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 THE CAMP FOR KIDS PROGRAM IS TO SEND FOSTER CHILDREN, UNDERPRIVILEGED AND AT-RISK CHILDREN TO A WEEK-LONG CHRISTIAN VALUE SUMMER CAMP. THE CAMP PROVIDES A SAFE HAVEN ENVIRONMENT IN A NURTURING AND LOVING ATMOSPHERE. 46,104
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 arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
43,835,442
b
Average of monthly cash balances.......................
1b
2,031,956
c
Fair market value of all other assets (see instructions)................
1c
3,852,959
d
Total (add lines 1a, b, and c).........................
1d
49,720,357
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
49,720,357
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
745,805
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
48,974,552
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,448,728
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
2,448,728
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
36,200
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
2,412
c
Add lines 2a and 2b............................
2c
38,612
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,410,116
4
Recoveries of amounts treated as qualifying distributions................
4
71,648
5
Add lines 3 and 4............................
5
2,481,764
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
2,481,764
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
3,021,179
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
3,021,179
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 2,481,764
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...... 707,705
b From 2019...... 616,091
c From 2020...... 810,040
d From 2021...... 1,687,694
e From 2022...... 965,079
f Total of lines 3a through e ........ 4,786,609
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,021,179
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..... 2,481,764
e Remaining amount distributed out of corpus 539,415
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 5,326,024
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) ... 		707,705
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		4,618,319
10 Analysis of line 9:
a Excess from 2019.... 616,091
b Excess from 2020.... 810,040
c Excess from 2021.... 1,687,694
d Excess from 2022.... 965,079
e Excess from 2023.... 539,415
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).)
JAMES W MCGLOTHLIN
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

ABINGDON CYCLING INC

440 WEST MAIN STREET
ABINGDON,VA24210 		N/A PC CONTRIBUTION FOR BIKE PARK 25,000

APPALACHIAN LITERACY INITIATIVE

128 OLD JONESBORO RD
BRISTOL,TN37620 		N/A PC SERVE UNDERPRIVILEGED CHILDREN WITH BOOKS 10,000

APPALACHIAN SCHOOL OF LAW

1169 EDGEWATER DRIVE
GRUNDY,VA24614 		N/A PC ASSIST LAW SCHOOL IN HIRING PROFESSORS, PROVIDING SCHOLARSHIPS AND INCREASING BAR PASSAGE 100,000

ASCENSION ST VINCENT FOUNDATION

250 W 96TH STREET SUITE 470
INDIANAPOLIS,IN46260 		N/A PC GENERAL SUPPORT - PEYTON MANNING CHILDREN'S HOSPITAL 15,000

BACKPACK BLESSINGS INC

PO BOX 24
GRUNDY,VA24614 		N/A PC BACKPACK PROGRAM OF BUCHANAN COUNTY, VA 5,000

BALLAD HEALTH FOUNDATION

1019 W OAKLAND AVE SUITE 2
JOHNSON CITY,TN37604 		N/A PC HEAD & NECK CANCER/LARYNGECTOMY 25,000

BOY SCOUTS OF AMERICA

PO BOX 3010
JOHNSON CITY,TN37602 		N/A PC SEQUOYAH COUNCIL CAPITAL PROGRAM - CAMP DAVY CROCKETT AND GENERAL SUPPORT 35,000

CARE CENTER OF SOUTHWEST VIRGINIA

406 SUFFOLK AVENUE
RICHLANDS,VA24641 		N/A PC PREVENT AND REDUCE TRAUMA OF CHILDREN AND PROVIDE SUPPORT TO FAMILIES 50,000

COMMUNITIES IN SCHOOLS OF APPALACHIAN HIGHLANDS

280 LEE STREET
BRISTOL,VA24201 		N/A PC COATS, SHOES & BACKPACKS FOR STUDENTS IN NEED 54,700

ECOG-ACRIN MEDICAL RESEARCH FOUNDATION INC

1818 MARKET STREET SUITE 3000
PHILADELPHIA,PA19103 		N/A PC LAUNCH OF THE NATIONAL MELANOMA PREVENTION TRIAL 258,000

EMORY & HENRY COLLEGE

PO BOX 947
EMORY,VA24327 		N/A PC SCHOOL OF BUSINESS CURRICULUM FUNDING 100,000

FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITIES INC

200 N PINECREST LANE
BRISTOL,VA24201 		N/A PC SCHOLARSHIP FUND 125,000

JOHNS HOPKINS UNIVERSITY

750 E PRATT STREET
BALTIMORE,MD21202 		N/A PC SIDNEY KIMMEL COMPREHENSIVE CANCER CENTER FOR PANCREATIC CANCER RESEARCH 250,000

MCV FOUNDATION

PO BOX 980234
RICHMOND,VA23298 		N/A PC TERRY AND HAROLD YOUNG ENDOWED CHAIR IN NEUROSURGERY 125,000

QUINNIPIAC UNIVERSITY

275 MT CARMEL AVENUE
HAMDEN,CT06518 		N/A PC FUNDING FOR WELDON SCHOLARSHIPS 100,000

THE COLUMBUS FOUNDATION

1324 E BROAD STREET
COLUMBUS,OH43205 		N/A PC SARA WILCOX MEMORIAL CADDY FUND 2,500

THE MAYO CLINIC

200 FIRST STREET SW
ROCHESTER,MN55905 		N/A PC GENERAL SUPPORT - GREATEST NEEDS AT MAYO CLINIC 100,000

WILLIAM & MARY BUSINESS SCHOOL FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC SCHOLARSHIP FUND 579,711

WILLIAM & MARY BUSINESS SCHOOL FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC TEACHING AWARD FUND 57,843

WILLIAM & MARY BUSINESS SCHOOL FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC LEADERSHIP FORUM FUND 60,630

WILLIAM & MARY MARSHALL WYTHE SCHOOL OF LAW FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC SCHOLARSHIP FUND 578,428

WILLIAM & MARY MARSHALL WYTHE SCHOOL OF LAW FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC TEACHING AWARD FUND 57,843

WILLIAM & MARY MARSHALL WYTHE SCHOOL OF LAW FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC LEADERSHIP FORUM FUND 60,630

WILLIAM KING MUSEUM OF ART

415 ACADEMY DRIVE NW
ABINGDON,VA24210 		N/A PC SPONSOR ART EXHIBITION 12,000

YOUNG LIFE COLLIER COUNTY

PO BOX 112481
NAPLES,FL34108 		N/A PC GENERAL FUND 2,500
Total .................................right arrow 3a 2,789,785
bApproved for future payment

APPALACCHIAN SCHOOL OF LAW
1169 EDGEWATER DRIVE
GRUNDY,VA24614 		N/A PC ASSIST LAW SCHOOL IN HIRING PROFESSORS, PROVIDING SCHOLARSHIPS AND INCREASING BAR PASSAGE, PROGRAMMING AND BUILDING 100,000

BOY SCOUTS OF AMERICA
PO BOX 3010
JOHNSON CITY,TN37602 		N/A PC CAMP DAVEY CROCKETT 50,000

THE MAYO CLINIC
200 FIRST STREET SW
ROCHESTER,MN55905 		N/A PC GREATEST NEEDS 200,000

EMORY & HENRY COLLEGE
PO BOX 947
EMORY,VA24327 		N/A PC SCHOOL OF BUSINESS CURRICULUM FUNDING 200,000
Total ................................. right arrow 3b 550,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 94,690  
4 Dividends and interest from securities ....     14 989,317  
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 1,733,942  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP REVENUE 		900099 62,485 14 -18,030  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 62,485 2,799,919 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,862,404
(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:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT FEES 16,800 0   16,800
TAX RETURN PREPARATION 4,400 0   4,400

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Name of Bond End of Year Book Value End of Year Fair Market Value
AEP TX INC 2.1% 07/01/30 209,717 209,717
AMCOR FLEXIBLES NORTH 3.1% 09/15/26 234,539 234,539
AMEREN CORP 2.5% 09/15/24 244,434 244,434
AMERIPRISE FINL INC 3% 04/02/25 243,848 243,848
AMGEN INC 2.2% 02/21/27 232,457 232,457
AMPHENOL CORP 3.2% 04/01/24 248,452 248,452
BK OF AMER CORP MTN 2% 06/22/27 222,372 222,372
BK OF AMER CORP MTN 5.7% 12/01/27 248,290 248,290
BORGWARNER INC 2.65% 07/01/27 231,788 231,788
CAP ONE FINL CO 3.2% 02/05/25 243,994 243,994
CARLISLE COS INC 3.5% 12/01/24 245,229 245,229
DUKE ENERGY CORP 5% 12/08/25 250,460 250,460
EAGLE MATERIALS 2.5% 07/01/31 211,976 211,976
EASTMAN CHEM CO 3.8% 03/15/25 245,612 245,612
FIFTH THIRD BANCORP 2.375% 01/28/25 241,718 241,718
GA PWR CO 2.2% 09/15/24 243,673 243,673
GOLDMAN SACHS GROUP MTN 2% 12/14/26 227,157 227,157
HP INC 2.2% 06/17/25 239,407 239,407
HUNTINGTON BANCSHARE 2.625% 08/06/24 245,326 245,326
LAB CORP OF AMER 3.6% 02/01/25 245,719 245,719
MARATHON PETRLM CORP 5.125% 12/15/26 252,727 252,727
NATL RURAL UTIL COOP 2.4% 03/15/30 216,944 216,944
NUCOR CORP 2% 06/01/25 239,996 239,996
PARKER-HANNIFIN CO MTN 3.3% 11/21/24 245,361 245,361
REP SERVICES INC 2.5% 08/15/24 245,247 245,247
SONOCO PRODUCTS CO 2.25% 02/01/27 230,232 230,232
TOYOTA MTR CR CORP MTN 4.8% 01/10/25 250,058 250,058
TRANSCONT GAS PIPE LI 3.25% 05/15/30 226,609 226,609
VALERO ENERGY CORP 2.15% 09/15/27 227,890 227,890
WELLS FARGO & CO 3% 10/23/26 237,344 237,344
WELLS FARGO & CO MTN 4.5% 07/28/25 244,948 244,948
ZIONS BANCORP NA MTN 3.25% 10/29/29 204,382 204,382

TY 2023 InvestmentsCorpStockSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 180,625 180,625
ACCENTURE PLC-CL A 89,482 89,482
ADOBE SYSTEMS INC 149,150 149,150
ADVANCED MICRO DEVICES 76,506 76,506
ALPHABET INC/CA-CL A 748,599 748,599
ALPHABET INC-CL C 167,002 167,002
AMAZON.COM INC 1,020,581 1,020,581
AMERIPRISE FINANCIAL INC 52,796 52,796
AMPHENOL CORP-CL A 136,105 136,105
ANALOG DEVICES INC 130,057 130,057
APPLE INC. 1,079,708 1,079,708
APPLIED MATERIALS INC 69,690 69,690
APTIV PLC 85,593 85,593
ARES MANAGEMENT CORP 95,136 95,136
ASML HOLDING NV-NY REG SHS 39,360 39,360
AUTOMATIC DATA PROCESSING INC 124,173 124,173
BERKSHIRE HATHAWAY INC-CL B 173,337 173,337
BOSTON SCIENTIFIC CORP 51,046 51,046
BROADCOM INC 52,464 52,464
CDW CORP/DE 157,987 157,987
CENCORA INC 195,111 195,111
CHIPOTLE MEXICAN GRILL INC 57,174 57,174
COCA-COLA CO/THE 69,891 69,891
CONSTELLATION BRANDS INC-A 108,304 108,304
COOPER COS INC/THE 96,881 96,881
COSTCO WHOLESALE CORP 76,569 76,569
DANAHER CORP 30,537 30,537
EATON CORP PLC 125,226 125,226
ELI LILLY & CO 660,448 660,448
ENLINK MIDSTREAM LLC 608,000 608,000
GARTNER INC 49,622 49,622
GXO LOGISTICS INC 103,727 103,727
HONEYWELL INTERNATIONAL INC 136,312 136,312
ILLUMINA INC 62,101 62,101
INTL BUSINESS MACHINES CORP 98,130 98,130
INTUIT INC 218,135 218,135
INTUITIVE SURGICAL INC 51,279 51,279
IQVIA HOLDINGS INC 173,535 173,535
JPMORGAN CHASE & CO 297,675 297,675
MASTERCARD INC-CLASS A 743,407 743,407
META PLATFORMS INC-CLASS A 557,487 557,487
METTLER-TOLEDO INTERNATIONAL 137,064 137,064
MICROCHIP TECHNOLOGY INC 149,789 149,789
MICROSOFT CORP 1,818,529 1,818,529
NIKE INC -CL B 300,413 300,413
NVIDIA CORP 188,184 188,184
ORACLE CORP 136,637 136,637
O'REILLY AUTOMOTIVE INC 51,304 51,304
PACER US SMALL CAP CASH COWS 96,060 96,060
PALO ALTO NETWORKS INC 52,489 52,489
PARKER HANNIFIN CORP 45,609 45,609
ROCKWELL AUTOMATION INC 33,532 33,532
ROPER TECHNOLOGIES INC 148,831 148,831
S&P GLOBAL INC 50,660 50,660
SALESFORCE.COM INC 252,614 252,614
SCHLUMBERGER LTD 41,268 41,268
SCHWAB (CHARLES) CORP 152,392 152,392
SHERWIN-WILLIAMS CO/THE 68,306 68,306
STERICYCLE INC 90,497 90,497
THERMO FISHER SCIENTIFIC INC 52,548 52,548
TJX COMPANIES INC 225,801 225,801
TRANSDIGM GROUP INC 157,810 157,810
UNION PACIFIC CORP 66,317 66,317
UNITEDHEALTH GROUP INC 273,238 273,238
VISA INC-CLASS A SHARES 435,045 435,045
WALMART INC 402,008 402,008
WALT DISNEY CO/THE 127,851 127,851
ZOETIS INC 81,711 81,711

TY 2023 InvestmentsGovtObligationsSch
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
US Government Securities - End of Year Book Value:

4,729,247
US Government Securities - End of Year Fair Market Value:

4,729,247
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AMERICAN TOWER CORP FMV 352,748 352,748
ENERGY TRANSFER LP FMV 1,380,000 1,380,000
ENERGY SELECT SECTOR SPDR FMV 466,150 466,150
ENTERPRISE PRODUCTS PARTNERS FMV 764,150 764,150
HEALTH CARE SELECT SECTOR FMV 112,514 112,514
INDUSTRIAL SELECT SECT SPDR FMV 284,975 284,975
INVESCO QQQ TRUST SERIES 1 FMV 1,781,412 1,781,412
JPM NASDAQ EQUITY PREMIUM FMV 2,062,109 2,062,109
JPMORGAN EQUITY PREMIUM INCOME ETF FMV 643,266 643,266
MPLX LP FMV 771,120 771,120
SPDR S&P 500 ETF TRUST FMV 7,307,891 7,307,891
SPDR S&P REGIONAL BANKING FMV 193,991 193,991
TECHNOLOGY SELECT SECT SPDR FMV 524,508 524,508

TY 2023 OtherAssetsSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDEND RECEIVABLE 43,520 68,869 68,869
INTEREST RECEIVABLE - SECURITIES 111,799 129,013 129,013
CASH SURRENDER VALUE 3,171,136 3,852,959 3,852,959
FEDERAL EXCISE TAX OVERPAYMENT 1,107 0 0


TY 2023 OtherDecreasesSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Description Amount
PARTNERSHIP K-1 PASS THROUGHS 44,455


TY 2023 OtherExpensesSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 180 180   0
SUPPLIES 658 0   658
LIFE INSURANCE 937,027 0   0
CAMP FOR KIDS PROGRAM 46,104 0   46,104
OTHER 5 0   5


TY 2023 OtherIncomeSchedule2
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP REVENUE 44,455 -18,030 44,455


TY 2023 OtherIncreasesSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Description Amount
PARTNERSHIP DISTRIBUTIONS RECORDED AS INCOME ON BOOKS 123,997
UNREALIZED CHANGE IN VALUE OF INVESTMENTS 3,441,610
RETURNED GRANT FUNDS 71,648


TY 2023 OtherLiabilitiesSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Description Beginning of Year - Book Value End of Year - Book Value
FEDERAL EXCISE TAX PAYABLE 0 4,959


TY 2023 OtherProfessionalFeesSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 147,825 147,825   0


TY 2023 TaxesSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SECTION 4940 TAX 36,566 0   0