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
GUILFORD FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)9030 STONY POINT PARKWAY 460
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RICHMOND, VA23235
A Employer identification number

54-1423873
B Telephone number (see instructions)

(804) 323-9800
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$17,061,090J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 242,900 242,900  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 872,547
b Gross sales price for all assets on line 6a 2,241,361
7 Capital gain net income (from Part IV, line 2)... 872,547
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
-126,953 -67,539  
12 Total. Add lines 1 through 11........ 988,494 1,047,908  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
250 250   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,500 7,500   0
c Other professional fees (attach schedule)....        
17 Interest............... 299 299   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,166 9,716   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
202,817 202,782   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 223,032 220,547   0
25 Contributions, gifts, grants paid....... 769,500 769,500
26 Total expenses and disbursements. Add lines 24 and 25 992,532 220,547   769,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,038
b Net investment income (if negative, enter -0-) 827,361
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.............      
2 Savings and temporary cash investments......... 1,020,314 976,522 976,522
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 150,000 Click to see attachment
List of Attached Documents:
// Content
150,000 		128,402
b Investments—corporate stock (attach schedule)....... 2,079,523 Click to see attachment
List of Attached Documents:
// Content
1,797,696 		2,751,284
c Investments—corporate bonds (attach schedule).......      
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).......... 8,820,905 Click to see attachment
List of Attached Documents:
// Content
9,136,827 		13,204,882
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,070,742 12,061,045 17,061,090
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 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........ 12,070,742 12,061,045
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 12,070,742 12,061,045
30 Total liabilities and net assets/fund balances (see instructions). 12,070,742 12,061,045
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
12,070,742
2
Enter amount from Part I, line 27a .....................
2
-4,038
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
12,066,704
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
5,659
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,061,045
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 NORTHERN TRUST (#26-65938) P    
b NORTHERN TRUST (#26-65938) P    
c NORTHERN TRUST (#26-39382) P    
d NORTHERN TRUST (#26-19268) P    
e NORTHERN TRUST (#26-19268) P    
AXIOM ASIA PRIVATE CAPITAL FUND II, L.P. P    
AXIOM ASIA PRIVATE CAPITAL FUND II, L.P. P    
FARALLON EQUITY PARTNERS LP P    
FARALLON EQUITY PARTNERS LP P    
10 SHS FORESTER OFFSHORE LTD P 2009-08-24 2023-07-19
NB STRATEGIC CO-INVESTMENT P    
CAPITAL GAINS DIVIDENDS P    
(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 40,577   37,361 3,216
b 726,753   542,266 184,487
c 622,165   199,048 423,117
d 223,963   225,790 -1,827
e 495,466   354,214 141,252
    135 -135
6,349     6,349
5,526     5,526
53,551     53,551
17,392   10,000 7,392
16,502     16,502
33,117     33,117
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       3,216
b       184,487
c       423,117
d       -1,827
e       141,252
      -135
      6,349
      5,526
      53,551
      7,392
      16,502
      33,117
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 2 872,547
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 11,500
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 11,500
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 11,500
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 15,400
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 15,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......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 3,900
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow3,900 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowFRANK PAGE Telephone no.right arrow (804) 323-9800

Located atright arrowP O BOX 13439RICHMONDVA ZIP+4right arrow23225
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
 
 
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
WADE HO KIRBY PRESIDENT/DIRECTOR
2.00 		0 0 0
9030 STONY POINT PKWY SUITE 460
RICHMOND,VA23225
ANNETTE S KIRBY VICE PRESIDENT/DIRECTOR
2.00 		0 0 0
9030 STONY POINT PKWY SUITE 460
RICHMOND,VA23225
L JAMES BORGES SECRETARY/DIRECTOR
2.00 		0 0 0
9030 STONY POINT PKWY SUITE 460
RICHMOND,VA23225
LINDA T KIRBY DIRECTOR
2.00 		0 0 0
9030 STONY POINT PKWY SUITE 460
RICHMOND,VA23225
ALEXANDRA LOUISE KIRBY DIRECTOR
2.00 		0 0 0
9030 STONY POINT PKWY SUITE 460
RICHMOND,VA23225
ROGER H W KIRBY DIRECTOR
2.00 		0 0 0
9030 STONY POINT PKWY SUITE 460
RICHMOND,VA23225
FRANK C PAGE EXECUTIVE DIRECTOR
10.00 		0 0 0
9030 STONY POINT PKWY SUITE 460
RICHMOND,VA23225
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
14,914,079
b
Average of monthly cash balances.......................
1b
1,216,770
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
16,130,849
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
16,130,849
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
241,963
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
15,888,886
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
794,444
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
794,444
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
11,500
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
11,500
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
782,944
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
782,944
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
782,944
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
769,500
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
769,500
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 7 782,944
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 118,807
b Total for prior years:20 , 20, 20 0
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 ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 769,500
a Applied to 2022, but not more than line 2a 118,807
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..... 650,693
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		132,251
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
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).)
ANNETTE S KIRBY
ROGER H W KIRBY
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

ADULT CARE CENTER OF ROANOKE VALLEY

2321 ROANOKE BLVD
SALEM,VA24153 		NONE 501(C)(3) GENERAL SUPPORT 20,000

BACK TO THE BIBLE

PO BOX 82808
LINCOLN,NE68501 		NONE 501(C)(3) GENERAL SUPPORT 25,000

BATH ANIMAL WELFARE FOUNDATION

PO BOX 716
HOT SPRINGS,VA24445 		NONE 501(C)(3) GENERAL SUPPORT 3,500

BATH COUNTY CHRISTMAS MOTHER

PO BOX 292
HOT SPRINGS,VA24445 		NONE 501(C)(3) GENERAL SUPPORT 7,000

BLUE PATH SERVICE DOGS

8 COUNTRY CLUB ROAD
HOPEWELL JUNCTION,NY12533 		NONE 501(C)(3) GENERAL SUPPORT 2,500

BOYS HOME OF VIRGINIA

414 BOYS HOME ROAD
COVINGTON,VA24426 		NONE 501(C)(3) GENERAL SUPPORT 2,500

CLAREMONT VOLUNTEER FIRE DEPARTMENT

1261 SPRING GROVE ROAD
SPRING GROVE,VA23881 		NONE 501(C)(3) GENERAL SUPPORT 5,000

COUNCIL FOR NATIONAL POLICY

444 NORTH CAPITOL STREET NW STE 830
WASHINGTON,DC20001 		NONE 501(C)(3) EDWARD RUTLEDGE FELLOWSHIP 10,000

CROSSOVER HEALTHCARE MINISTRY

8600 QUIOCCASIN ROAD SUITE 101
RICHMOND,VA23229 		NONE 501(C)(3) GENERAL SUPPORT 30,000

DELTA WATERFOWL FOUNDATION

PO BOX 3128
BISMARCK,ND58502 		NONE 501(C)(3) GENERAL SUPPORT 3,000

FM AND JA KIRBY EPISCOPAL HOUSE

381 SUNSET ROAD
MOUNTAIN TOP,PW18707 		NONE 501(C)(3) COURT RENOVATIONS 26,000

GARTH NEWEL MUSIC CENTER

PO BOX 240
WARM SPRINGS,VA24484 		NONE 501(C)(3) ALLEGHENY MOUNTAIN STRING PROJECT 4,500

GREAT SWAMP WATERSHED ASSOCIATION

PO BOX 300
NEW VERNON,NJ07976 		NONE 501(C)(3) GENERAL SUPPORT 5,000

GOOD SAMARITAN

2408 ELECTRIC ROAD
ROANOKE,VA24018 		NONE 501(C)(3) CENTER FOR CARING CAMPAIGN 30,000

HAMPDEN-SYDNEY COLLEGE

172 VIA SACRA
HAMPDENSYDNEY,VA23943 		NONE 501(C)(3) RENOVATE FIELD HOUSE 200,000

HAMPDEN-SYDNEY COLLEGE

172 VIA SACRA
HAMPDENSYDNEY,VA23943 		NONE 501(C)(3) GOVT. AND FOREIGN AFFAIRS 4,000

HAMPDEN-SYDNEY COLLEGE

172 VIA SACRA
HAMPDENSYDNEY,VA23943 		NONE 501(C)(3) GENERAL SUPPORT 10,000

HARDING LAND TRUST

PO BOX 576
NEW VERNON,NJ07976 		NONE 501(C)(3) STEWARDSHIP ENDOWMENT 15,000

HISTORIC RICHMOND

4 EAST MAIN STREET SUITE 1C
RICHMOND,VA23219 		NONE 501(C)(3) GENERAL SUPPORT 5,000

HOT SPRINGS RESCUE SQUAD

PO BOX H
HOT SPRINGS,VA24445 		NONE 501(C)(3) GENERAL SUPPORT 11,500

JAMES RIVER ASSOCIATION

16 SOUTH 17TH STREET 100
RICHMOND,VA23219 		NONE 501(C)(3) GENERAL SUPPORT 20,000

JUVENILE DIABETES RESEARCH FOUNDATION

3959 ELECTRIC RD 222
ROANOKE,VA24018 		NONE 501(C)(3) MID-ATLANTIC FUND A CURE 25,000

LEADERSHIP INSTITUTE

1101 NORTH HIGHLAND STREET
ARLINGTON,VA22201 		NONE 501(C)(3) GENERAL SUPPORT 3,000

MCV FOUNDATION

PO BOX 980710
RICHMOND,VA23298 		NONE 501(C)(3) SILVERMAN RESEARCH AWARD 10,000

MEDIA RESEARCH CENTER

1900 CAMPUS COMMONS DRIVE SUITE 600
RESTON,VA20191 		NONE 501(C)(3) GENERAL SUPPORT 30,000

MORRIS ARTS

14 MAPLE AVENUE SUITE 301
MORRISTOWN,NJ07960 		NONE 501(C)(3) GENERAL SUPPORT 1,750

MORRIS MUSEUM

6 NORMANDY HEIGHTS ROAD
MORRISTOWN,NJ07961 		NONE 501(C)(3) GENERAL SUPPORT 15,000

MOUNT VERNON LADIES' FOUNDATION

PO BOX 110
MOUNT VERNON,VA22121 		NONE 501(C)(3) GENERAL SUPPORT 5,000

NATIONAL SPORTING LIBRARY AND MUSEUM

PO BOX 1335
MIDDLEBURG,VA20118 		NONE 501(C)(3) GENERAL SUPPORT 4,000

NJ CENTER FOR TOURETTTE SYNDROM

50 DIVISION STREET SUITE 205
SOMERVILLE,NJ08876 		NONE 501(C)(3) GENERAL SUPPORT 1,000

OAK GROVE CHRISTIAN MINISTRIES

PO BOX 105
MENLO PARK,CA94026 		NONE 501(C)(3) GENERAL SUPPORT 5,000

PRAGER UNIVERSITY

15021 VENTURA BLVD 552
SHERMAN OAKS,CA91043 		NONE 501(C)(3) GENERAL SUPPORT 50,000

RICHMOND BALLET

407 EAST CANAL STREET
RICHMOND,VA23219 		NONE 501(C)(3) GENERAL SUPPORT 2,000

RICHMOND POLICE FOUNDATION

PO BOX 641
RICHMOND,VA23187 		NONE 501(C)(3) GENERAL SUPPORT 8,000

RICHMOND SPCA

25196 HERMITAGE ROAD
RICHMOND,VA23220 		NONE 501(C)(3) GENERAL SUPPORT 5,000

SAINT CATHERINE'S SCHOOL

6001 GROVE AVENUE
RICHMOND,VA23226 		NONE 501(C)(3) ELIZABETH W. PRATT MEMORIAL FUND 2,000

SAINT FRANCIS SERVICE DOGS

PO BOX 19538
ROANOKE,VA24019 		NONE 501(C)(3) GENERAL SUPPORT 3,500

SAMARITAN'S PURSE

PO BOX 3000
BOONE,NC28607 		NONE 501(C)(3) UKRAINE RELIEF 3,000

SEAL VETERAN'S FOUNDATION

1619 D STREET BLDG 5326
VIRGINIA BEACH,VA23459 		NONE 501(C)(3) GENERAL SUPPORT 30,000

SMITHFIELD-PRESTON FOUNDATION

1000 SMITHFIELD PLANTATION ROAD
BLACKSBURG,VA24060 		NONE 501(C)(3) GENERAL SUPPORT 3,000

STAND FOUNDATION

PO BOX 15022
CHESAPEAKE,VA23328 		NONE 501(C)(3) GENERAL SUPPORT 25,000

THE BOILING HAXALL HOUSE FOUNDATION

211 EAST FRANKLIN STREET
RICHMOND,VA23219 		NONE 501(C)(3) GENERAL SUPPORT 2,000

THE PHILANTHROPY ROUNDATABLE

1120 20TH STREET NW SUITE 550 SOUTH
WASHINGTON,DC20036 		NONE 501(C)(3) GENERAL SUPPORT 3,000

THE RAPTOR TRUST

1390 WHITE BRIDGE ROAD
MILLINGTON,NJ07946 		NONE 501(C)(3) GENERAL SUPPORT 1,750

THE STEWARD SCHOOL

11600 GAYTON ROAD
RICHMOND,VA23238 		NONE 501(C)(3) CHAMPIONS OF PLAY-LEARNING FOR LIFE 2,000

TURNING POINT USA

4940 EAST BEVERLY ROAD
PHOENIX,AZ85044 		NONE 501(C)(3) GENERAL SUPPORT 50,000

VCU MASSEY CANCER CENTER

PO BOX 843042
RICHMOND,VA23284 		NONE 501(C)(3) GENERAL SUPPORT 10,000

VIRGINIA COUNCIL ON ECONOMIC EDUCATION

301 W MAIN STREET BOX 844000
RICHMOND,VA23284 		NONE 501(C)(3) GENERAL SUPPORT 25,000

WILDLIFE CENTER OF VIRGINIA

PO BOX 1557
WAYNESBORO,VA22980 		NONE 501(C)(3) GENERAL SUPPORT 5,000
Total .................................right arrow 3a 769,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 242,900  
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 .....     01 18,717  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 872,547  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aLOSS ON INVESTMENT - GCA MULTIFAMILY FUND 		900099 -65,809 14 -79,861  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -65,809 1,054,303 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
988,494
(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:
GUILFORD FOUNDATION
EIN:
54-1423873
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 7,500 7,500   0

TY 2023 InvestmentsCorpStockSchedule
Name:
GUILFORD FOUNDATION
EIN:
54-1423873
Name of Stock End of Year Book Value End of Year Fair Market Value
COMMON STOCK 1,797,696 2,751,284

TY 2023 InvestmentsGovtObligationsSch
Name:
GUILFORD FOUNDATION
EIN:
54-1423873
US Government Securities - End of Year Book Value:

150,000
US Government Securities - End of Year Fair Market Value:

128,402
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:
GUILFORD FOUNDATION
EIN:
54-1423873
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENT IN PARTNERSHIPS AT COST 830,282 1,168,975
COMMODITY FUND AT COST 582,976 634,105
HEDGE FUND AT COST 2,971,901 3,352,161
MUTUAL FUNDS AT COST 4,422,367 7,275,573
INVESTMENT IN REAL ESTATE AT COST 329,301 774,068

TY 2023 LegalFeesSchedule
Name:
GUILFORD FOUNDATION
EIN:
54-1423873
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 250 250   0


TY 2023 OtherDecreasesSchedule
Name:
GUILFORD FOUNDATION
EIN:
54-1423873
Description Amount
BOOK/TAX ADJUSTMENT ON INVESTMENTS 5,659


TY 2023 OtherExpensesSchedule
Name:
GUILFORD FOUNDATION
EIN:
54-1423873
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ANNUAL REGISTRATION FEE TO VIRGINIA 35 0   0
STERLING CAP MANAGEMENT FEES (#26-19268) 8,234 8,234   0
EAGLE CAPITAL MANAGEMENT FEES (#26-65938) 17,968 17,968   0
AXIOM ASIA PRIVATE CAP FUND K-1 - OTHER DEDUCTIONS 3,199 3,199   0
NORTHERN TRUST CUSTODY FEES (#26-39382) 6,151 6,151   0
CUSTODIAL FEES - NT X9268 2,759 2,759   0
FARALLON EQUITY PARTNERS K-1 - OTHER DEDUCTIONS 15,222 15,222   0
GUILFORD COMPANY MANAGEMENT FEES 115,073 115,073   0
NB STRATEGIC CO-INVEST - OTHER DEDUCTIONS 14,875 14,875   0
GCA MULTIFAMILY FUND III LP - OTHER DEDUCTIONS 5,315 5,315   0
CUSTODIAL FEES - NT X5938 3,692 3,692   0
NB STRATEGIC CO-INVEST - CARRIED INTEREST 10,294 10,294   0


TY 2023 OtherIncomeSchedule2
Name:
GUILFORD FOUNDATION
EIN:
54-1423873
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
AXIOM ASIA PRIVATE CAP FUND K-1 491 491 491
OTHER INVESTMENT INCOME - NT X9382 1,068 1,068 1,068
FARALLON EQUITY PARTNERS K-1 8,529 8,529 8,529
NB STRATEGIC CO-INVEST 259 259 259
SETTLEMENT FUNDS 3,549 0 3,549
ROCK SPRINGS CAPITAL OFFSHORE 1,975 1,975 1,975
OTHER INCOME 2,846 0 2,846
LOSS ON INVESTMENT - GCA MULTIFAMILY FUND -145,670 -79,861 -145,670


TY 2023 TaxesSchedule
Name:
GUILFORD FOUNDATION
EIN:
54-1423873
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AXIOM ASIA PRIVATE CAP FUND - FOREIGN TAXES PAID 697 697   0
EXCISE TAXES PAID 2,450 0   0
FARALLON EQUITY PARTNERS - FOREIGN TAXES PAID 46 46   0
FOREIGN TAXES PAID - NORTHERN TRUST X5938 551 551   0
FOREIGN TAXES PAID - NORTHERN TRUST X9382 8,422 8,422   0