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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
HERNDON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)9030 STONY POINT PKWY 505
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RICHMOND, VA23235
A Employer identification number

54-6060809
B Telephone number (see instructions)

(804) 560-4119
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$121,801,430J 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) 8,403,642
2 Check right arrow.............
3 Interest on savings and temporary cash investments 3,259 3,259  
4 Dividends and interest from securities... 2,591,355 2,509,145  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,965,179
b Gross sales price for all assets on line 6a 8,050,433
7 Capital gain net income (from Part IV, line 2)... 4,965,179
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
170,052 170,052 0
12 Total. Add lines 1 through 11........ 16,133,487 7,647,635 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,355 3,178 0 3,178
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
218,309 178,678 0 39,631
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
182,209 7,564 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
31,127 31,127 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 438,000 220,547 0 42,809
25 Contributions, gifts, grants paid....... 5,635,000 5,635,000
26 Total expenses and disbursements. Add lines 24 and 25 6,073,000 220,547 0 5,677,809
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,060,487
b Net investment income (if negative, enter -0-) 7,427,088
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 6,139,972 1,023,157 1,023,157
2 Savings and temporary cash investments.........   80,561 80,561
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) 399,936 Click to see attachment
List of Attached Documents:
// Content
1,799,726 		1,820,000
b Investments—corporate stock (attach schedule)....... 30,503,426 Click to see attachment
List of Attached Documents:
// Content
51,701,796 		111,293,880
c Investments—corporate bonds (attach schedule)....... 2,734,711 Click to see attachment
List of Attached Documents:
// Content
5,478,305 		5,432,239
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).......... 1,719,531 Click to see attachment
List of Attached Documents:
// Content
1,905,884 		2,151,593
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) 41,497,576 61,989,429 121,801,430
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........ 2,067,323 2,067,323
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 39,430,253 59,922,106
29 Total net assets or fund balances (see instructions)..... 41,497,576 61,989,429
30 Total liabilities and net assets/fund balances (see instructions). 41,497,576 61,989,429
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
41,497,576
2
Enter amount from Part I, line 27a .....................
2
10,060,487
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
10,496,059
4
Add lines 1, 2, and 3 ..........................
4
62,054,122
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
64,693
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
61,989,429
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - ST      
b PUBLICLY TRADED SECURITIES - LT      
c CAPITAL GAINS FROM PASSTHROUGHS P    
d CAPITAL GAINS DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 672,839   649,013 23,826
b 7,371,680   2,261,700 5,109,980
c     174,541 -174,541
d 5,914     5,914
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       23,826
b       5,109,980
c       -174,541
d       5,914
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,965,179
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) 1 103,237
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........................... 3 103,237
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- ..... 5 103,237
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 112,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 162,000
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 1,213
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 57,550
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow57,550 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
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 2024 or the taxable year beginning in 2024? 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 arrowWWW.HERNDONFDN.ORG
14
The books are in care ofright arrowWILLIAM M GOTTWALD Telephone no.right arrow (804) 560-4119

Located atright arrow9030 STONY POINT PKWY 505RICHMONDVA ZIP+4right arrow23235
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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
WILLIAM M GOTTWALD TRUSTEE
15.00 		0 0 0
9030 STONY POINT PKWY SUITE 505
RICHMOND,VA23235
JAMES T GOTTWALD TRUSTEE
5.00 		0 0 0
9030 STONY POINT PKWY SUITE 505
RICHMOND,VA23235
JOHN D GOTTWALD TRUSTEE
1.00 		0 0 0
9030 STONY POINT PKWY SUITE 505
RICHMOND,VA23235
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 (2024)
Form 990-PF (2024)
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 (2024)
Form 990-PF (2024)
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
117,538,356
b
Average of monthly cash balances.......................
1b
2,445,409
c
Fair market value of all other assets (see instructions)................
1c
1,751,430
d
Total (add lines 1a, b, and c).........................
1d
121,735,195
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
121,735,195
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,826,028
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
119,909,167
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,995,458
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
5,995,458
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
103,237
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
103,237
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,892,221
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
5,892,221
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
5,892,221
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
5,677,809
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
5,677,809
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 5,892,221
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 5,617,778
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 5,677,809
a Applied to 2023, but not more than line 2a 5,617,778
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 2024 distributable amount..... 60,031
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		5,832,190
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
HERNDON FOUNDATION
9030 STONY POINT PKWY STE 505
RICHMOND,VA23235
(804) 560-4119
INFO@HERNDONFDN.ORG
bThe form in which applications should be submitted and information and materials they should include:
VISIT HERNDONFDN.ORG
cAny submission deadlines:
AUGUST 1ST
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION AWARDS GRANTS TO ORGANIZATIONS WHICH ARE TAX-EXEMPT UNDER IRS SECTION 501(C)(3) AND ARE NOT PRIVATE FOUNDATIONS AS DESCRIBED UNDER SECTION 509(A). QUALIFIED NONPROFIT ORGANIZATIONS THROUGHOUT THE COMMONWEALTH OF VIRGINIA ARE ELIGIBLE FOR SUPPORT; HOWEVER, MAJOR PREFERENCE WILL BE GIVEN TO AGENCIES IN THE RICHMOND METROPOLITAN REGION. THE FOUNDATION REQUIRES ALL PROSPECTIVE APPLICANTS TO HAVE A CURRENT PORTRAIT ON CONNECTVA.
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
HERNDON FOUNDATION
9030 STONY POINT PKWY STE 505
RICHMOND,VA23235
(804) 560-4119
INFO@HERNDONFDN.ORG
bThe form in which applications should be submitted and information and materials they should include:
VISIT HERNDONFDN.ORG
cAny submission deadlines:
AUGUST 1ST
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION AWARDS GRANTS TO ORGANIZATIONS WHICH ARE TAX-EXEMPT UNDER IRS SECTION 501(C)(3) AND ARE NOT PRIVATE FOUNDATIONS AS DESCRIBED UNDER SECTION 509(A). QUALIFIED NONPROFIT ORGANIZATIONS THROUGHOUT THE COMMONWEALTH OF VIRGINIA ARE ELIGIBLE FOR SUPPORT; HOWEVER, MAJOR PREFERENCE WILL BE GIVEN TO AGENCIES IN THE RICHMOND METROPOLITAN REGION. THE FOUNDATION REQUIRES ALL PROSPECTIVE APPLICANTS TO HAVE A CURRENT PORTRAIT ON CONNECTVA.
Form 990-PF (2024)
Form 990-PF (2024)
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

ACTS

1518 WILLOW LAWN DRIVE SUITE 201
RICHMOND,VA23230 		  PC GENERAL OPERATING SUPPORT 50,000

ALZHEIMER'S ASSOCIATION

4600 COX ROAD SUITE 130
GLEN ALLEN,VA23060 		  PC GENERAL OPERATING SUPPORT 10,000

AMERICAN BATTLEFIELD TRUST

1156 15TH STREET NW 900
WASHINGTON,DC20005 		  PC GENERAL OPERATING SUPPORT 10,000

AMERICAN CIVIL WAR MUSEUM - HISTORIC TREDEGAR

500 TREDEGAR STREET
RICHMOND,VA23219 		  SO II GENERAL OPERATING SUPPORT 25,000

ANNA JULIA COOPER EPISCOPAL SCHOOL

2124 N 29TH ST
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 50,000

ANNA JULIA COOPER EPISCOPAL SCHOOL

2124 N 29TH ST
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 25,000

ART 180

114 W MARSHALL STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 25,000

BETTER HOUSING COALITION

23 WEST BROAD STREET SUITE 100
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 25,000

BEYOND BOUNDARIES

2203 FLOYD AVE APT A
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 15,000

BIG BROTHERS BIG SISTERS SERVICES INC

1707 SUMMIT AVENUE SUITE 200
RICHMOND,VA23230 		  PC GENERAL OPERATING SUPPORT 50,000

BLINDED VETERANS ASSOCIATION

125 N WEST STREET 3RD FLOOR
ALEXANDRIA,VA22314 		  PC GENERAL OPERATING SUPPORT 10,000

BLUE SKY FUND

PO BOX 8108
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 50,000

BLUE SKY FUND

PO BOX 8108
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 30,000

BONEFISH TARPON TRUST

135 SAN LORENZO AVENUE
CORAL GABLES,FL33146 		  PC GENERAL OPERATING SUPPORT 5,000

BOYS AND GIRLS CLUB OF METRO RICHMOND

5511 STAPLES MILL ROAD SUITE 301
RICHMOND,VA23228 		  PC GENERAL OPERATING SUPPORT 50,000

CADENCE THEATRE COMPANY

413 N 31ST STREET
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 7,000

CANCERLINC

200 SOUTH 3RD STREET
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 10,000

CAPITAL REGION LAND CONSERVANCY

200 S 3RD STREET
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 50,000

CARITAS

2220 STOCKTON STREET
RICHMOND,VA23224 		  PC GENERAL OPERATING SUPPORT 25,000

CENTRAL VIRGINIA LEGAL AID SOCIETY

101 W BROAD STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 25,000

CHALLENGE DISCOVERY PROJECTS

2405 JEFFERSON AVENUE
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 10,000

CHESTERFIELD EDUCATION FOUNDATION

13900 HULL STREET ROAD
MIDLOTHIAN,VA23112 		  PC GENERAL OPERATING SUPPORT 20,000

CHILDREN'S HOME SOCIETY OF VIRGINIA

PO BOX 6266
RICHMOND,VA23230 		  PC GENERAL OPERATING SUPPORT 20,000

CHILDREN'S HOSPITAL FOUNDATION

2924 BROOK ROAD
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 25,000

CHILDREN'S MUSEUM OF RICHMOND

2626 WEST BROAD STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 25,000

CHILDREN'S MUSEUM OF RICHMOND

2626 WEST BROAD STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 8,000

CHILDSAVERS

200 NORTH 22ND STREET
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 25,000

CODERVA REGIONAL HIGH SCHOOL

1405 CUMMINGS DRIVE SUITE 10
RICHMOND,VA23220 		  GOV GENERAL OPERATING SUPPORT 25,000

COLLEGIATE SCHOOL

103 NORTH MOORELAND ROAD
RICHMOND,VA23229 		  PC GENERAL OPERATING SUPPORT 30,000

COMMONWEALTH CATHOLIC CHARITIES

1601 ROLLING HILLS DRIVE
RICHMOND,VA23229 		  PC GENERAL OPERATING SUPPORT 20,000

COMMUNITIES IN SCHOOL - RICHMOND

2922 W MARSHALL STREET SUITE 2
RICHMOND,VA23230 		  PC GENERAL OPERATING SUPPORT 20,000

COMMUNITIES IN SCHOOL OF CHESTERFIELD

1808 COYOTE DRIVE SUITE 100
CHESTER,VA23836 		  PC GENERAL OPERATING SUPPORT 20,000

COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA

4 VANDERBILT PARK DR 300
ASHEVILLE,NC28803 		  PC HURRICANE HELENE EMERGENCY & DISASTER RESPONSE FUND 25,000

CRISTO REY RICHMOND

304 N SHEPPARD ST
RICHMOND,VA23221 		  PC GENERAL OPERATING SUPPORT 50,000

CRISTO REY RICHMOND

304 N SHEPPARD ST
RICHMOND,VA23221 		  PC GENERAL OPERATING SUPPORT 25,000

DAILY PLANET HEALTH SERVICES

517 W GRACE STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 25,000

ELK HILL

1975 ELK HILL ROAD
GOOCHLAND,VA23063 		  PC GENERAL OPERATING SUPPORT 25,000

FEEDMORE

1415 RHOADMILLER STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 50,000

FIRST CHESAPEAKE

7330 STAPLES MILL ROAD 262
RICHMOND,VA23228 		  PC GENERAL OPERATING SUPPORT 10,000

FIRST TEE - GREATER RICHMOND

9211 FOREST HILL AVENUE SUITE 104
RICHMOND,VA23235 		  PC GENERAL OPERATING SUPPORT 25,000

FOCUSED ULTRASOUND FOUNDATION

1230 CEDARS CT SUITE 206
CHARLOTTESVILLE,VA22903 		  PC GENERAL OPERATING SUPPORT 10,000

FRIENDS ASSOCIATION FOR CHILDREN

1004 SAINT JOHN STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 15,000

FRIENDS OF HOLLYWOOD CEMETERY

412 SOUTH CHERRY STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 10,000

GOOCHLAND COUNTY VOLUNTEER FIRE RESCUE ASSOCIATION

PO BOX 247
GOOCHLAND,VA23063 		  PC GENERAL OPERATING SUPPORT 2,500

GOODWILL OF CENTRAL AND COASTAL VIRGINIA

6301 MIDLOTHIAN TURNPIKE
RICHMOND,VA23225 		  PC GENERAL OPERATING SUPPORT 25,000

GRASP

4551 COX ROAD SUITE 115
GLEN ALLEN,VA23060 		  PC GENERAL OPERATING SUPPORT 50,000

GREATER RICHMOND BAR FOUNDATION

PO BOX 25072
RICHMOND,VA23260 		  PC GENERAL OPERATING SUPPORT 5,000

GREATER RICHMOND CHAMBER FOUNDATION

919 EAST MAIN STREET SUITE 1700
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 25,000

GREATER RICHMOND FIT4KIDS

PO BOX 1092
RICHMOND,VA23218 		  PC GENERAL OPERATING SUPPORT 25,000

GREATER RICHMOND SCAN

103 E GRACE STREET
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 25,000

GROUNDWORK RVA

3001 MEADOWBRIDGE RD
RICHMOND,VA23222 		  PC GENERAL OPERATING SUPPORT 50,000

HENRICO CHRISTMAS MOTHER

PO BOX 70338
HENRICO,VA232550338 		  PC GENERAL OPERATING SUPPORT 5,000

HENRICO COMMUNITY FOOD BANK

2401 HARTMAN ST BLDG E
RICHMOND,VA23233 		  PC GENERAL OPERATING SUPPORT 10,000

HENRICO EDUCATION FOUNDATION

8401 PATTERSON AVENUE SUITE 203
RICHMOND,VA23229 		  PC GENERAL OPERATING SUPPORT 20,000

HIGHER ACHIEVEMENT

4009 FITZHUGH AVENUE SUITE 200
RICHMOND,VA23230 		  PC GENERAL OPERATING SUPPORT 50,000

HISTORIC RICHMOND

4 EAST MAIN STREET SUITE 1C
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 5,000

HOMEAGAIN

5 E FRANKLIN ST
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 25,000

HOMEWARD

9211 FOREST HILL AVENUE
RICHMOND,VA23235 		  PC GENERAL OPERATING SUPPORT 25,000

HUMANKIND

150 LINDEN AVENUE
LYNCHBURG,VA24503 		  PC GENERAL OPERATING SUPPORT 50,000

HUNTERS FOR THE HUNGRY

1108 SEDALIA SCHOOL ROAD ROOM 4
BIG ISLAND,VA24526 		  PC GENERAL OPERATING SUPPORT 1,000

J SARGEANT REYNOLDS COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

PO BOX 26924
RICHMOND,VA232616924 		  PC IN SUPPORT OF SPROUT SCHOOL PARTNERSHIP PILOT PROGRAM 125,000

JAMES RIVER ASSOCIATION

211 ROCKETTS WAY SUITE 200
RICHMOND,VA23231 		  PC GENERAL OPERATING SUPPORT 25,000

JAMESTOWN REDISCOVERY FOUNDATION

1365 COLONIAL PARKWAY
JAMESTOWN,VA23081 		  PC GENERAL OPERATING SUPPORT 25,000

JFS RICHMOND

6718 PATTERSON AVENUE
RICHMOND,VA23226 		  PC GENERAL OPERATING SUPPORT 25,000

JOHN MARSHALL CENTER FOR CONSTITUTIONAL HISTORY & CIVICS

PO BOX 7090
RICHMOND,VA23221 		  PC GENERAL OPERATING SUPPORT 20,000

JUNIOR ACHIEVEMENT OF CENTRAL VIRGINIA

1801 LIBBIE AVENUE SUITE 203
RICHMOND,VA23226 		  PC GENERAL OPERATING SUPPORT 25,000

LACKEY CLINIC

1620 OLD WILLIAMSBURG ROAD
YORKTOWN,VA23690 		  PC GENERAL OPERATING SUPPORT 50,000

LEARNING ALLY

20 ROSZEL ROAD
PRINCETON,NJ08540 		  PC GENERAL OPERATING SUPPORT 10,000

LIBERATION VETERAN SERVICES

1201 HULL STREET
RICHMOND,VA23224 		  PC GENERAL OPERATING SUPPORT 15,000

MAGGIE WALKER COMMUNITY LAND TRUST

203 N ROBINSON STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 25,000

MAYMONT FOUNDATION

1700 HAMPTON STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 25,000

MCV FOUNDATION

PO BOX 980234
RICHMOND,VA23298 		  PC IN SUPPORT OF THE GOTTWALD INDIGENT CARE FUND 50,000

MCV FOUNDATION

PO BOX 980234
RICHMOND,VA23298 		  PC MARGARET N. & JOHN D. GOTTWALD ENDOWMENT FOR MCV NICU 25,000

MCV FOUNDATION

PO BOX 980234
RICHMOND,VA23298 		  PC IN SUPPORT OF MEDICAL LEGAL PARTNERSHIP 20,000

MEGA MENTORS

13900 HULL STREET ROAD
MIDLOTHIAN,VA23112 		  PC GENERAL OPERATING SUPPORT 25,000

MENTOR VIRGINIA

201 HULL ST SUITE B
RICHMOND,VA23224 		  PC GENERAL OPERATING SUPPORT 50,000

NEIGHBORHOOD RESOURCE CENTER

1519 WILLIAMSBURG ROAD
RICHMOND,VA23231 		  PC GENERAL OPERATING SUPPORT 50,000

NEXTUP RVA

3409 MOORE STREET
RICHMOND,VA23230 		  PC GENERAL OPERATING SUPPORT 50,000

OAKWOOD ARTS

2216 EAST BROAD STREET
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 20,000

PARTNERSHIP FOR THE FUTURE

4521 HIGHLANDS PARKWAY
GLEN ALLEN,VA23060 		  PC GENERAL OPERATING SUPPORT 50,000

PETER PAUL DEVELOPMENT CENTER

1708 NORTH 22ND STREET
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 50,000

PETER PAUL DEVELOPMENT CENTER

1708 NORTH 22ND STREET
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 30,000

PODIUM RVA

200 S 3RD ST
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 5,000

POSITIVE VIBE FOUNDATION

2837 HATHAWAY ROAD SUITE A
RICHMOND,VA23225 		  PC GENERAL OPERATING SUPPORT 10,000

PRESERVATION VIRGINIA

204 W FRANKLIN STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 5,000

PROJECT HEALING WATERS

PO BOX 695
LA PLATA,MD20646 		  PC GENERAL OPERATING SUPPORT 5,000

RAMPS RVA

1114 WESTBRIAR DRIVE SUITE D
RICHMOND,VA23238 		  PC GENERAL OPERATING SUPPORT 15,000

REACH OUT AND READ - VIRGINIA

1201 SYCAMORE SQUARE DR
MIDLOTHIAN,VA23113 		  PC GENERAL OPERATING SUPPORT 10,000

READYKIDS

1000 EAST HIGH STREET
CHARLOTTESVILLE,VA22902 		  PC GENERAL OPERATING SUPPORT 15,000

REESTABLISH RICHMOND

2920 W BROAD ST SUITE 218
RICHMOND,VA23230 		  PC GENERAL OPERATING SUPPORT 25,000

REWORK RICHMOND

1719 N 22ND STREET
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 25,000

RICHMOND CHRISTMAS MOTHER

300 E FRANKLIN ST
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 5,000

RICHMOND PUBLIC LIBRARY FOUNDATION

101 E FRANKLIN STREET
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 10,000

RISE RICHMOND

PO BOX 23087
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 25,000

RIVER ROAD CHURCH BAPTIST

8000 RIVER ROAD
RICHMOND,VA23229 		  PC CHAPEL RENOVATION SUPPORT 125,000

ROBINSON THEATER COMMUNITY ARTS CENTER

2903 Q STREET
RICHMOND,VA23223 		  PC GENERAL OPERATING SUPPORT 20,000

RONALD MCDONALD HOUSE CHARITIES OF RICHMOND

2330 MONUMENT AVENUE
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 25,000

SCHOLARS LATINO INITIATIVE

PO BOX 2734
HARRISONBURG,VA22801 		  PC GENERAL OPERATING SUPPORT 25,000

SCIENCE MUSEUM OF VIRGINIA FOUNDATION

2500 W BROAD STREET
RICHMOND,VA23220 		  PC HELWIG KNOLL - PAYMENT #5 - $250,000 REMAINING 50,000

SENIOR CONNECTIONS THE CAPITAL AREA AGENCY ON AGING

1300 SEMMES AVENUE
RICHMOND,VA23224 		  PC GENERAL OPERATING SUPPORT 15,000

SHALOM FARMS

1010 W LABURNUM AVE
RICHMOND,VA23227 		  PC GENERAL OPERATING SUPPORT 50,000

SHELTERING ARMS FOUNDATION

140 EASTSHORE DRIVE SUITE 200
GLEN ALLEN,VA23059 		  PC GENERAL OPERATING SUPPORT 10,000

SOAR365

3600 SAUNDERS AVE
RICHMOND,VA23227 		  PC GENERAL OPERATING SUPPORT 25,000

SPORTABLE

1365 OVERBROOK RD SUITE 2
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 10,000

ST ANDREWS SCHOOL

227 SOUTH CHERRY STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 50,000

ST JAMES CHILDREN'S CENTER

1205 W FRANKLIN STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 50,000

SWIMRVA

5050 RIDGEDALE PARKWAY
RICHMOND,VA23234 		  PC GENERAL OPERATING SUPPORT 50,000

THE DOORWAYS

612 EAST MARSHALL STREET
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 10,000

THE EASTERN SHORE VIRGINIA BARRIER ISLANDS CENTER

7295 YOUNG STREET
MACHIPONGO,VA23405 		  PC GENERAL OPERATING SUPPORT 25,000

THE MCSHIN FOUNDATION

2300 DUMBARTON RD
RICHMOND,VA23228 		  PC GENERAL OPERATING SUPPORT 10,000

THE PEDESTAL FUND

2705 HILLCREST ROAD
RICHMOND,VA23225 		  PC GENERAL OPERATING SUPPORT 15,000

THE READ CENTER

4915 RADFORD AVE SUITE 204
RICHMOND,VA23230 		  PC GENERAL OPERATING SUPPORT 25,000

THE RICHMOND BALLET

407 E CANAL ST
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 50,000

THE RICHMOND FORUM

110 SOUTH 15TH STREET SUITE B
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 25,000

THE RICHMOND SYMPHONY FOUNDATION

612 E GRACE ST 401
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 50,000

THE SACRED HEART CENTER

1400 PERRY ST
RICHMOND,VA23224 		  PC GENERAL OPERATING SUPPORT 50,000

THE SALVATION ARMY

2 WEST GRACE STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 25,000

THE VALENTINE

1015 E CLAY STREET
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 25,000

THE VIRGINIA HOME

1101 HAMPTON ST
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 50,000

TRINITY EPISCOPAL SCHOOL

3850 PITTAWAY DRIVE
RICHMOND,VA23235 		  PC GENERAL OPERATING SUPPORT 30,000

TUCKAHOE VOLUNTEER RESCUE SQUAD

1101 HORSEPEN ROAD
RICHMOND,VA23229 		  PC GENERAL OPERATING SUPPORT 2,500

UMFS

10330 STAPLES MILL RD
GLEN ALLEN,VA23060 		  PC GENERAL OPERATING SUPPORT 20,000

UNITED WAY OF GREATER RICHMOND

2001 MAYWILL STREET 201
RICHMOND,VA23230 		  PC GENERAL OPERATING SUPPORT 75,000

UNIVERSITY OF RICHMOND

410 WESTHAMPTON WAY
RICHMOND,VA23173 		  PC GENERAL OPERATING SUPPORT 584,000

UP RVA

4609 WYTHE AVENUE
RICHMOND,VA23226 		  PC GENERAL OPERATING SUPPORT 50,000

VIRGINIA BEACH VOLUNTEER RESCUE SQUAD

740 VIRGINIA BEACH BLVD
VIRGINIA BEACH,VA23451 		  PC GENERAL OPERATING SUPPORT 2,500

VIRGINIA CAPITAL TRAIL FOUNDATION

200 S 3RD STREET
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 20,000

VIRGINIA CENTER FOR CREATIVE ARTS

154 SAN ANGELO DRIVE
AMHERST,VA24521 		  PC GENERAL OPERATING SUPPORT 25,000

VIRGINIA HOME FOR BOYS AND GIRLS

8716 W BROAD STREET
HENRICO,VA23294 		  PC GENERAL OPERATING SUPPORT 25,000

VIRGINIA LEAGUE OF PLANNED PARENTHOOD

201 N HAMILTON STREET
RICHMOND,VA23221 		  PC GENERAL OPERATING SUPPORT 50,000

VIRGINIA MUSEUM OF FINE ARTS

200 N ARTHUR ASHE BOULEVARD
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 50,000

VIRGINIA MUSEUM OF HISTORY AND CULTURE

428 N ARTHUR ASHE BOULEVARD
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 250,000

VIRGINIA OPERA

DOMINION ARTS CENTER - 600 E GRACE
ST
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 50,000

VIRGINIA SUPPORTIVE HOUSING

PO BOX 8585
RICHMOND,VA23226 		  PC GENERAL OPERATING SUPPORT 25,000

VMI FOUNDATION

304 LETCHER AVE
LEXINGTON,VA24450 		  PC GENERAL OPERATING SUPPORT 1,000,000

WALKERTON COMMUNITY FIRE ASSOCIATION

2874 WALKERTON LANDING ROAD
WALKERTON,VA23177 		  PC GENERAL OPERATING SUPPORT 2,500

YMCA OF GREATER RICHMOND

2 W FRANKLIN STREET
RICHMOND,VA23220 		  PC GENERAL OPERATING SUPPORT 50,000

YWCA

6 N 5TH STREET
RICHMOND,VA23219 		  PC GENERAL OPERATING SUPPORT 50,000
Total .................................right arrow 3a 5,635,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 3,259  
4 Dividends and interest from securities ....     14 2,591,355  
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 .....     01 170,052  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 4,965,179  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 7,729,845 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,729,845
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
HERNDON FOUNDATION
 
Employer identification number

54-6060809
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
HERNDON FOUNDATION
  		Employer identification number
54-6060809
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
RESIDUAL 20 YEAR CLAT UA FLOYD D GOTTWALKD JR LIVING TRUS
 
C/O 330 SOUTH 4TH STREET
 
RICHMOND, VA23219

$ 262,218


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
RESIDUAL 10 YEAR CLAT UA FLOYD D GOTTWALKD JR LIVING TRUS
 
C/O 330 SOUTH 4TH STREET
 
RICHMOND, VA23219

$ 1,538,400


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
RESIDUAL 10 YEAR CLAT UA FLOYD D GOTTWALKD JR LIVING TRUS
 
C/O 330 SOUTH 4TH STREET
 
RICHMOND, VA23219

$ 6,603,024


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
HERNDON FOUNDATION
  		Employer identification number

54-6060809
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 PUBLICLY TRADED SECURITIES $ 1,515,360 2024-09-30
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 PUBLICLY TRADED SECURITIES $ 6,628,303 2024-12-26
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
HERNDON FOUNDATION
  		Employer identification number

54-6060809
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
HERNDON FOUNDATION
EIN:
54-6060809
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 6,355 3,178 0 3,178

TY 2024 InvestmentsCorpBondsSchedule
Name:
HERNDON FOUNDATION
EIN:
54-6060809
Name of Bond End of Year Book Value End of Year Fair Market Value
MASTERCARD INC 124,969 126,241
HONEYWELL INTERN 120,728 123,182
BANK OF AMERICA CORP 123,308 125,068
AMAZON.COM, INC. 124,779 125,789
NIKE, INC. 230,588 227,756
JOHN DEERE 123,577 124,577
MERCK & CO., INC 209,685 209,292
BNY MELLON INVEST VAR 248,765 246,399
EXXON MOBIL CORP 223,395 222,635
THE COCA-COLA CO 214,075 212,872
THE PROGRESSIVE 297,957 293,230
JPMORGAN CHASE & CO 119,129 121,601
CITIGROUP INC 115,113 120,065
PUBLIC STORAGE 215,720 213,801
NVIDIA CORP COM 212,863 212,399
THE HOME DEPOT 99,646 103,345
PEPSICO INC 209,648 207,256
EMERSON ELECTRIC 234,453 231,199
ARCHER DANIELS MI 444,088 431,723
BANK OF AMERICA C VAR 106,673 107,618
CME GROUP INC 103,696 107,645
COLGATE-PALMOLIV 230,066 224,326
WALMART INC. 248,385 241,098
TARGET CORP 119,920 120,880
GOLDMAN SACHS INT VAR 208,478 210,071
ELI LILLY AND CO 248,998 244,654
MASTERCARD INC 256,486 247,853
APPLIED MATERIALS 263,117 249,664

TY 2024 InvestmentsCorpStockSchedule
Name:
HERNDON FOUNDATION
EIN:
54-6060809
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOT LABORATORIES 423,223 539,648
ACCENTURE PLC IRELAND CLASS A NEW 186,166 740,166
ADOBE INC 378,043 767,073
ADVACNED MICRO DEVICES INC COM 449,445 439,676
AIR PRODUCTS & CHEMICALS INC 697,514 900,864
ALPHABET INC CL A (GOOGL) 61,653 798,846
AMAZON.COM INC 696,008 1,747,880
ANALOG DEVICES INC COM 299,041 348,647
AON PLC 354,651 569,987
APPLE INC 275,692 1,059,777
BERKSHIRE HATHAWAY INC CL B 86,104 582,918
BROADCOM INC 100,906 894,902
BROOKFIELD ASSET MANAGEMENT VOTING SHS CL A 523,969 1,455,387
COSTCO WHOLESALE CORP 277,787 540,599
DANAHER CORP 168,651 711,605
ELECTRONIC ARTS INC COM 420,381 490,690
EOG RES INC COM 565,779 605,790
HOME DEPOT INC 163,828 357,482
INTERCONTINENTAL EXCHANGE INC COM 426,147 594,848
INTUITIVE SURGICAL INC COM 270,010 324,137
MARKEL CORP 71,464 414,295
MARTIN MARIETTA MATERIALS INC. 294,012 665,252
MASTERCARD INC CL A 171,177 844,618
MICROSOFT CORP 426,724 1,270,401
NVIDIA CORP COM 593,155 1,271,995
NOVO NORDISK 494,338 566,958
PALO ALTO NETWORKS INC COM 349,354 499,662
ROCKWELL AUTOMATION INC COM 689,381 734,480
REPUBLIC SVCS INC COM 275,137 419,863
SERVICENOW INC COM 449,726 866,118
SHERWIN WILLIAMS CO 326,530 688,358
SPOTIFY TECHNOLOGY SA REGISTERED 401,329 544,909
TJX COS INC 285,204 615,044
UBER TECHNOLOGIES INC COM 555,814 482,922
UNION PACIFIC CORP 176,646 405,455
UNITEDHEALTH GROUPINC COM 839,334 975,804
VERTEX PHARMACEUTICALS INC COM 457,860 529,953
VISA INC CL A 39,415 654,835
ALBEMARLE CORP 24,823,511 27,716,038
ALPHABET INC CL A 169,080 757,200
ALTRIA GROUP INC 191,937 403,940
AMERICAN TOWER CORP NEW 409,014 440,184
APPLE INC 66,618 1,114,369
BROOKFIELD ASSET MANAGEMENT INC VOTING SHS CL A 215,798 721,057
CROWN CASTLE INTL CORP 370,406 317,660
DIAGEO PLC NEW SPONSORED ADR (DEO) 359,842 406,816
DOMINION ENERGY INC (D) 633,657 538,600
DUKE ENERGY CORP NEW 348,523 549,474
ENBRIDGE INC 301,906 328,809
FEDEX CORP 297,201 450,128
FIDELITY NATIONAL FINANCIAL INC 400,602 628,768
FIDUS INVT CORP 250,094 262,750
GOLUB CAPITAL BDC INC 256,661 231,948
INTL BUSINESS MACHINES CORP 370,430 549,575
JOHNSON & JOHNSON 393,843 578,480
LAMAR ADVERTISING CL A 313,033 669,570
MARATHON PETROLEUM CORP 504,240 1,269,450
MARKEL CORP 145,466 474,713
MERCK & COMPANY INC NEW 262,568 696,360
MICROSOFT CORP 122,326 1,854,600
MORGAN STANLEY DIRECT LENDING FD COM 245,597 247,920
NESTLE S A 261,559 285,950
NEWMARKET CORP 15,411 34,258,214
PEPSICO INC 224,192 258,502
PHILIP MORRIS INTL INC 344,132 634,245
QUALCOMM INC 240,454 460,860
SAFETY INSURANCE GROUP 292,635 527,360
SHELL PLC 672,446 670,335
SIXTH STR SPECIALTY LENDING INC COM 155,517 159,750
TREDEGAR CORP 25,196 774,013
VERIZON COMMUNICATIONS 168,542 135,966
W P CAREY INC 390,891 442,650
WATSCO INC 401,164 1,303,198
ARES CAPITAL CORP 213,403 237,025
BLUE OWL CAP CORP 365,114 363,878
GOLDMAN SACHS B D C INC 370,342 289,347
SIXTH STREET SPECIALTY L 204,122 206,418
CLIFFWATER CORPORATE LEN 2,182,725 2,155,916

TY 2024 InvestmentsGovtObligationsSch
Name:
HERNDON FOUNDATION
EIN:
54-6060809
US Government Securities - End of Year Book Value:

1,799,726
US Government Securities - End of Year Fair Market Value:

1,820,000
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
HERNDON FOUNDATION
EIN:
54-6060809
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ISHARES HOLD TR ISHARES NEW AT COST 168,164 430,287
SJC ONSHORE DIRECT LENDING FUND III, L.P. AT COST 1,708,059 1,708,059
STYX INTERNATIONAL LTD. INTEREST (PFIC) AT COST 29,661 13,247

TY 2024 OtherDecreasesSchedule
Name:
HERNDON FOUNDATION
EIN:
54-6060809
Description Amount
TIMING DIFFERENCES 64,693


TY 2024 OtherExpensesSchedule
Name:
HERNDON FOUNDATION
EIN:
54-6060809
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSES 12,989 12,989 0 0
OTHER EXPENSES FROM PASS-THROUGH INVESTMENTS 13,138 13,138 0 0
GBW SYSTEMS 5,000 5,000 0 0


TY 2024 OtherIncomeSchedule2
Name:
HERNDON FOUNDATION
EIN:
54-6060809
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ORD. BUS. INC. FROM PASS-THROUGH INVESTMENTS 169,020 169,020  
OTHER INCOME 1,032 1,032  


TY 2024 OtherIncreasesSchedule
Name:
HERNDON FOUNDATION
EIN:
54-6060809
Description Amount
BOOK/TAX ADJUSTMENT IN ALTERNATIVES 406,054
BOOK/TAX ADJUSTMENT IN DONATED SHARES 10,090,005


TY 2024 OtherProfessionalFeesSchedule
Name:
HERNDON FOUNDATION
EIN:
54-6060809
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DAVENPORT INVESTMENT MGMT FEES 130,159 130,159 0 0
CONSULTING FEES 50,809 25,405 0 25,404
WESTHAM PARTNERS - CONSULTING FEES 28,455 14,228 0 14,227
CS INVESTMENT MGMT FEES 8,886 8,886 0 0


TY 2024 TaxesSchedule
Name:
HERNDON FOUNDATION
EIN:
54-6060809
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX ESTIMATED TAX PAYMENTS 112,000 0 0 0
FEDERAL EXCISE TAX EXTENSION TAX PAYMENTS 35,000 0 0 0
FEDERAL INCOME TAX ESTIMATED TAX PAYMENTS 12,000 0 0 0
FEDERAL INCOME TAX EXTENSION TAX PAYMENTS 4,000 0 0 0
FOREIGN TAXES WITHHELD 7,564 7,564 0 0
TAX PAID WITH PY FEDERAL RETURN 7,645 0 0 0
VA TAXES PAID 4,000 0 0 0