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 02-01-2023 , and ending 01-31-2024
Name of foundation
THE TITMUS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 10
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SUTHERLAND, VA23885
A Employer identification number

54-6051332
B Telephone number (see instructions)

(804) 265-5834
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$28,016,093J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 38,749 38,749  
4 Dividends and interest from securities... 994,715 994,715  
5a Gross rents............ 35,500 35,500  
b Net rental income or (loss) 35,500
6a Net gain or (loss) from sale of assets not on line 10 4,408,957
b Gross sales price for all assets on line 6a 5,316,074
7 Capital gain net income (from Part IV, line 2)... 4,408,957
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
560 560  
12 Total. Add lines 1 through 11........ 5,478,481 5,478,481  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 186,250 74,500   111,750
14 Other employee salaries and wages...... 63,935 31,968   31,967
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,800 3,120   4,680
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
975 390   585
17 Interest............... 2,095 2,095    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
112,554 16,218   10,836
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
2,319 2,319  
20 Occupancy.............. 22,372 8,907   13,465
21 Travel, conferences, and meetings....... 1,123     1,123
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
60,050 28,327   31,668
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 459,473 167,844   206,074
25 Contributions, gifts, grants paid....... 1,019,868 1,019,868
26 Total expenses and disbursements. Add lines 24 and 25 1,479,341 167,844   1,225,942
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,999,140
b Net investment income (if negative, enter -0-) 5,310,637
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............. 415,361 242,877 242,877
2 Savings and temporary cash investments.........      
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 arrow368,024
Less: allowance for doubtful accounts right arrow   403,504 368,024 368,024
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)....... 8,994,514 Click to see attachment
List of Attached Documents:
// Content
8,652,729 		19,485,182
c Investments—corporate bonds (attach schedule)....... 351,726 Click to see attachment
List of Attached Documents:
// Content
701,750 		702,387
11 Investments—land, buildings, and equipment: basis right arrow596,548
Less: accumulated depreciation (attach schedule) right arrow   596,548 Click to see attachment
List of Attached Documents:
// Content
596,548 		2,020,100
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment
List of Attached Documents:
// Content
4,096,133 		4,925,079
14 Land, buildings, and equipment: basis right arrow107,533
Less: accumulated depreciation (attach schedule) right arrow74,354 35,498 Click to see attachment
List of Attached Documents:
// Content
33,179 		33,179
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
91,532 		Click to see attachment
List of Attached Documents:
// Content
196,583 		Click to see attachment
List of Attached Documents:
// Content
239,265
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,888,683 14,887,823 28,016,093
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 10,888,683 14,887,823
29 Total net assets or fund balances (see instructions)..... 10,888,683 14,887,823
30 Total liabilities and net assets/fund balances (see instructions). 10,888,683 14,887,823
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
10,888,683
2
Enter amount from Part I, line 27a .....................
2
3,999,140
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
14,887,823
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
14,887,823
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 1,250 SHS ALPHABET INCORPORATED CAP STK CL A P 2023-01-01 2023-09-22
b 600 SHS AMAZON COM INCORPORATED P 2022-12-30 2023-07-20
c 100 SHS COSTCO WHOLESALE CORPORATION NEW P 2022-12-12 2023-10-06
d 2,089.323 SHS KONINKLIJKE PHILIPS N V NY REGIS SHS NEW P 2023-04-27 2023-12-31
e 200 SHS MICROSOFT CORPORATION P 2023-01-01 2023-07-19
250 SHS TESLA INCORPORATED P 2022-12-27 2023-04-20
1,000 SHS ABBOTT LABS P 2007-02-02 2023-07-17
1,000 SHS COLGATE PALMOLIVE COMPANY P 2007-02-02 2023-11-29
1,000 SHS CONOCOPHILLIPS P 2007-02-02 2023-10-13
6,000 SHS DNP SELECT INCOME FD INCORPORATED P 2022-01-01 2023-03-17
2,500 SHS EXXON MOBIL CORPORATION P 2007-02-02 2023-12-31
2,500 SHS HERSHEY COMPANY P 2007-02-02 2023-12-31
500 SHS HONEYWELL INTERNATIONAL INC P 2007-02-02 2023-07-17
2,750 SHS INTEL CORPORATION P 2022-09-13 2023-11-09
2,000 SHS MERCK & COMPANY INC P 2007-02-02 2023-12-31
1,000 SHS OLD REP INTERNATIONAL CORPORATION P 2022-10-25 2023-11-27
8,000 SHS PEPSICO INC P 2007-02-02 2023-12-31
4,000 SHS PHILLIPS 66 P 2007-02-02 2023-12-31
500 SHS PROCTOR AND GAMBLE COMPANY P 2007-02-02 2023-09-01
1,000 SHS SCHLUMBERGER LIMITED COM STK P 2007-02-02 2023-09-12
10,000 SHS UDR INCORPORATED REIT P 2007-02-02 2023-12-31
4,000 SHS WALGREENS BOOTS ALLIANCE INCORPORATED P 2022-01-01 2023-06-27
1,500 SHS ABBVIE INCORPORATED P 2007-02-02 2023-12-31
175 SHS QUALCOMM INCORPORATED P 2022-01-01 2024-01-22
500 SHS ABBOTT LABS P 2007-02-02 2024-01-31
1,000 SHS MERCK & COMPANY INC P 2007-02-02 2024-01-31
ICAHN ENT LP K-1 - SHORT TERM P 2023-01-01 2023-12-31
ICAHN ENT LP K-1 - LONG TERM P 2022-01-01 2023-12-31
ENTERPRISE PROD PARTNERS LP - K-1 - SEC 1231 P 2023-01-01 2023-12-31
PLAINS ALL AMER PIPE - K-1 - LONG TERM P 2022-01-01 2023-12-31
PLAINS ALL AMER PIPE - K-1 - SEC 1231 P 2023-01-01 2023-12-31
(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 161,593   109,156 52,437
b 78,910   50,267 28,643
c 55,019   48,793 6,226
d 44,264   42,383 1,881
e 70,443   47,220 23,223
40,846   28,495 12,351
106,458   9,842 96,616
77,418   5,031 72,387
124,193   7,023 117,170
65,529   53,190 12,339
294,247   11,178 283,069
661,138   27,712 633,426
103,313   14,423 88,890
103,226   82,748 20,478
218,141   28,285 189,856
28,710   23,361 5,349
1,482,288   14,049 1,468,239
477,138   16,697 460,441
76,969   27,462 49,507
60,894   7,004 53,890
423,112   69,518 353,594
114,443   127,423 -12,980
242,730   16,010 226,720
26,373   19,765 6,608
56,594   4,921 51,673
121,228   14,143 107,085
    818 -818
    111 -111
    89 -89
76     76
781     781
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       52,437
b       28,643
c       6,226
d       1,881
e       23,223
      12,351
      96,616
      72,387
      117,170
      12,339
      283,069
      633,426
      88,890
      20,478
      189,856
      5,349
      1,468,239
      460,441
      49,507
      53,890
      353,594
      -12,980
      226,720
      6,608
      51,673
      107,085
      -818
      -111
      -89
      76
      781
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 4,408,957
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 73,818
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 73,818
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 73,818
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 75,831
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 95,831
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 22
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 21,991
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow21,991 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
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 arrowEDWARD TITMUS Telephone no.right arrow (804) 265-5834

Located atright arrowPO BOX 10SUTHERLANDVA ZIP+4right arrow23885
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
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
 
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
EDWARD B TITMUS President
30.00 		82,175    
PO BOX 10
SUTHERLAND,VA23885
MICHAEL G MYATT Director
1.00 		575    
PO BOX 10
SUTHERLAND,VA23885
JAMES A BABER IV Director
1.00 		0    
PO BOX 10
SUTHERLAND,VA23885
EDWARD H TITMUS III Executive V.P.
30.00 		51,175    
PO BOX 10
SUTHERLAND,VA23885
KIMBERLY T PRZYBYL Secretary
30.00 		51,175    
PO BOX 10
SUTHERLAND,VA23885
BRIAN D WILKINS Treasurer
1.00 		575    
PO BOX 10
SUTHERLAND,VA23885
ANDREW J WHITE Director
1.00 		575    
PO BOX 10
SUTHERLAND,VA23885
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
25,414,554
b
Average of monthly cash balances.......................
1b
234,603
c
Fair market value of all other assets (see instructions)................
1c
2,421,303
d
Total (add lines 1a, b, and c).........................
1d
28,070,460
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
 
3
Subtract line 2 from line 1d.........................
3
28,070,460
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
421,057
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
27,649,403
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,382,470
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
1,382,470
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
73,818
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
73,818
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,308,652
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,308,652
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,308,652
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
1,225,942
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,225,942
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 1,308,652
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,160,284
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,225,942
a Applied to 2022, but not more than line 2a 1,160,284
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 65,658
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		1,242,994
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
EDWARD B TITMUS
PO BOX 10
SUTHERLAND,VA23885
(804) 265-5834
bThe form in which applications should be submitted and information and materials they should include:
A FORMAL APPLICATION IS NOT REQUIRED
cAny submission deadlines:
THERE ARE NO SUBMISSION DEADLINES
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THERE ARE NO RESTRICTIONS OR LIMITATIONS
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
PLAINS ALL AMERICAN PIPELINE LP


333 CLAY ST STE 1600
HOUSTON,TX77002 		NONE   CONTRIBUTION REPORTED ON K-1 11
SEE ATTACHED SCHEDULE


PO BOX 10
SUTHERLAND,VA23885 		NONE PC VARIOUS 1,019,857
Total .................................right arrow 3a 1,019,868
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 38,749  
4 Dividends and interest from securities ....     14 994,715  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 35,500  
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 4,408,957  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPUBLICLY TRADED PARTNERSHIPS 		    14 560  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   5,478,481  
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,478,481
(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: 23017517
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 7,800 3,120 0 4,680

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

TY 2023 AmortizationSchedule
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
REFORESTATION COST 2019-08-01 24,581 12,292 7.0000 3,512     15,804
REFORESTATION COST 2022-03-24 9,975 1,188 7.0000 1,425     2,613

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

TY 2023 DepreciationSchedule
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
FARM HOUSE RENOVATIONS 1993-09-02 11,172 8,406 SL 39.0000 286      
WHIPPERNOCK NEW ROOF 2000-08-08 10,368 5,974 SL 39.0000 266      
AIR CONDITIONING UNIT CK30 2001-05-09 1,350 759 SL 39.0000 35      
HEAT PUMP WIPPERNOCK FARM 2010-12-31 4,575 1,414 SL 39.0000 117      
BASEMENT RENOVATIONS 2011-04-21 7,468 2,245 SL 39.0000 191      
IMPROVEMENTS - WHIPPERNOCK (FLOORS) 2013-05-06 3,464 868 SL 39.0000 89      
VINYL SIDING - FOUNDATION OFFICE 2014-07-31 15,066 3,281 SL 39.0000 386      
GENERATOR 2018-11-20 6,732 2,804 SL 10.0000 673      
ACER DESKTOP & SAMSUNG MONITOR 2021-08-02 1,381 414 SL 5.0000 276      

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
BANK OF AMERICA CORPORATION 6% 100,006 100,707
DOMINION ENERGY INC 5.25% 08/01/2033 101,708 100,642
GOLDMAN SACHS GROUP INC 5% 9/20/2032 50,006 49,065
GOLDMAN SACHS GROUP INC 6.5% 11/9/2032 100,006 100,003
JP MORGAN CHASE & CO 6% 100,006 98,752
GOLDMAN SACHS GROUP INC 7% 100,006 102,769
JP MORGAN CHASE & CO 5.75% 100,006 100,577
BANK OF AMERICA CORPORATION 5.5% 50,006 49,872

TY 2023 InvestmentsCorpStockSchedule
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 118,501 678,900
ABBVIE INC 128,504 986,400
AT&T INCORPORATED 183,984 325,938
BRISTOL MYERS SQUIBB 91,004 342,090
CHEVRON CORP 459,894 1,032,010
COLGATE - PALMOLIVE CO 35,221 589,400
CONOCOPHILLIPS 204,105 1,006,830
DNP SELECT INCOME FUND INC    
DOMINION ENRGY 283,845 982,980
DOW INC 204,380 293,192
DUKE ENERGY CORPORATION 241,516 958,300
ENBRIDGE INC. 124,948 174,660
EXXON MOBIL CORPORATION 472,921 873,885
GENERAL MLS INC 54,149 77,892
HERSHEY FOOD CORP 64,958 483,850
HONEYWELL, INTL 100,962 707,910
JPMORGAN CHASE & CO 95,208 174,360
KELLANOVA 135,042 273,800
KIMBERLY CLARK CORPORATION 80,275 90,727
MERCK & COMPANY 98,998 845,460
NISOURCE, INC 24,557 207,760
PEPSICO, INC. 17,561 1,685,300
PFIZER, INC. 359,766 352,040
PHILLIPS 66 56,483 505,085
PROCTER & GAMBLE COMPANY 137,309 392,850
SCHLUMBERGER LIMITED 21,011 146,100
TOUCHSTONE BANK 36,616 66,625
VERIZON COMMUNICATIONS 438,975 794,062
WALGREENS BOOTS ALLIANCE, INC.    
WALMART INCORPORATED 84,186 165,250
ORGANON & CO 7,084 16,650
3M COMPANY 353,591 283,050
ALPHABET INC CAP STK CL A    
AMAZON COM INCORPORATED    
BLACKSTONE INCORPORATED 26,482 37,335
CISCO SYSTEMS INCORPORATED 20,991 25,090
CLOROX COMPANY DEL 138,658 145,250
COSTCO WHOLESALE CORPORATION    
INTEL CORPORATION 77,328 118,470
JOHNSON & JOHNSON 121,244 119,175
M&T BANK CORPORATION 91,698 103,575
MEDTRONIC PLC SHS 65,206 70,032
MICROSOFT CORPORATION    
NEWMONT CORPORATION 114,072 94,902
OLD REP INT'L CORPORATION    
PNC FINL SVCS GROUP INCORPORATED 378,665 378,025
PRICE T ROWE GROUP INCORPORATED 113,551 108,450
QUALCOMM INCORPORATED 140,377 196,776
STANLEY BLACK & DECKER INC 240,323 279,900
TARGET CORPORATION 168,560 173,850
TESLA INCORPORATED    
TRUIST FINANCIAL CORPORATION 282,527 277,950
UNILEVER PLC SPON ADR NEW 90,010 97,380
UNION PAC CORPORATION 49,739 60,982
UNITED PARCEL SERVICE INC 344,585 283,800
VF CORPORATION 219,044 139,910
WK KELLOGG COMPANY COM SHS 21,881 32,475
PAYPAL HLDGS INCORPORATED 28,908 30,675
SCOTTS MIRACLE-GRO COMPANY CLASS 24,306 28,130
PAYCOM SOFTWARE INCORPORATED 26,570 19,024
SMUCKER JM COMPANY COM NEW 47,910 46,042
KENVUE INCORPORATED 21,650 20,760
CONAGRA BRANDS INCORPORATED 22,113 21,862
LEGGETT & PLATT INCORPORATED 81,363 69,630
ALBEMARLE CORPORATION 91,400 63,107
HORMEL FOODS CORPORATION 92,028 75,925
VERTEX PHARMACEUTICALS INCORPORATED 9,816 13,001
MASIMO CORPORATION 28,518 32,235
CATERPILLAR INCORPORATED 157,537 225,232
COTERRA ENERGY INCORPORATED 74,977 74,640
CUMMINS INCORPORATED 169,287 179,475
DEVON ENERGY CORPORATION NEW 153,641 126,060
EMERSON ELECTRIC COMPANY 50,556 55,038
NEXTERA ENERGY INCORPORATED 75,817 58,630
OSHKOSH CORPORATION 25,331 35,782
TIMKEN COMPANY 50,506 53,251

TY 2023 InvestmentsLandSchedule2
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Land 596,548   596,548 2,020,100

TY 2023 InvestmentsOtherSchedule2
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AMPLIFY CWP ENHANCED DIVIDEND I AT COST 159,082 177,648
ATLANTIC UNION BANKSHARES CORP AT COST 324,698 359,310
FIRST TRUST S&P INTERNATIONAL AT COST 108,513 103,422
UDR INC REIT AT COST 208,552 1,080,600
JP MORGAN EQUITY PREMIUM INC ETF AT COST 139,190 137,102
GLOBAL X SUPERDIVIDEND ETF AT COST 196,279 164,996
GLOBAL X NASDAQ 100 COVERED CALL ETF AT COST 169,150 176,200
STRATEGY SHARES NASDAQ 7HANDL INDEX ETF AT COST 108,670 103,550
WELLS FARGO & COMPANY AT COST   45
B RILEY FINANCIAL INCORPORATED AT COST 74,757 74,580
CROWN CASTLE INCORPORATED REIT AT COST 204,782 189,437
ELME COMMUNITIES REIT AT COST 113,115 144,800
FIRST CITIZENS BANCSHARES PFD A AT COST 327,934 321,600
GLOBAL X S&P 500 COVERED CALL E AT COST 56,933 59,745
GOLDMAN SACHS GROUP INC SHS D AT COST 50,462 55,100
MEDICAL PPTYS TRUST INCORPORATED REIT AT COST 161,646 58,900
PACER FDS TRUST METAURUS US LAR AT COST 138,082 160,027
PIMCO DYNAMIC INCOME FD SHS AT COST 149,467 144,000
REALTY INCOME CORPORATION REIT AT COST 143,743 135,975
FT VEST RISING DIVIDEND ACHIEVE AT COST 45,931 45,931
FIRST TRUST TECHNOLOGY DVD BUY AT COST 50,007 49,530
VANECK MORNINGSTAR WIDE MOAT ET AT COST 25,050 24,993
FIRST TRUST PREFERRED SECURITIES AT COST 16,961 17,130
FIRST TRUST BUYWRITE INCOME ETF AT COST 72,255 72,967
ISHARES TR 20+ YEAR TR BD AT COST 55,594 54,200
FIRST TRUST SMID HD PORT. SERIES AT COST 25,006 26,771
SCHWAB US DIVIDEND EQUITY ETF AT COST 56,681 57,180
FIRST TRUST SMID HIGH DIVIDEND AT COST 50,016 48,861
FIRST INTERNATIONAL HIGH DIV EQ AT COST 50,015 50,463
FT CBOE VEST S&P DIVIDEND ARIST AT COST 105,208 102,200
GLOBAL X RUSSELL 2000 COVERED C AT COST 143,296 136,355
JP MORGAN NASDAQ EQUITY PREMIUM AT COST 72,139 77,145
CAPITAL ONE FINANCIAL CORPORATION AT COST 220,978 242,375
FIMM GOVERNMENT PORTFOLIO MONEY AT COST 271,941 271,941

TY 2023 LandEtcSchedule2
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 35,642 34,864 778 778
Improvements 71,891 39,490 32,401 32,401


TY 2023 OtherAssetsSchedule
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ENTERPRISE PRODUCTS PARTNERS LP 25,706 67,140 80,280
ICAHN ENTERPRISES LP 64,846 127,980 63,875
Net Intangible Assets 21,076 16,139  
PLAINS ALL AMERICAN PIPLINE LP -20,096 -14,676 95,110


TY 2023 OtherExpensesSchedule
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Amortization 4,937 4,937    
HEALTH INSURANCE 53,831 22,899   30,932
INSURANCE 1,227 491   736
NON-DEDUCTIBLE EXPENSES 55      


TY 2023 OtherIncomeSchedule2
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PUBLICLY TRADED PARTNERSHIPS 560 560  


TY 2023 OtherProfessionalFeesSchedule
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REGISTRATION & LEGAL FEES 975 390 0 585


TY 2023 TaxesSchedule
Name:
THE TITMUS FOUNDATION
EIN:
54-6051332
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL INCOME TAXES 85,500      
FOREIGN TAXES 4,268 4,268    
PAYROLL TAXES 18,875 8,039   10,836
REAL ESTATE TAXES 3,911 3,911