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
Franklin P and Arthur W Perdue Foundation
Inc
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

52-6054332
B Telephone number (see instructions)

(800) 839-1754
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$64,872,903J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 6,920 6,920  
4 Dividends and interest from securities... 1,670,665 1,670,665  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 594,535
b Gross sales price for all assets on line 6a 12,749,221
7 Capital gain net income (from Part IV, line 2)... 594,535
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).......      
12 Total. Add lines 1 through 11........ 2,272,120 2,272,120  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 80,470     80,470
15 Pension plans, employee benefits....... 6,156     6,156
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
20,444 14,544   5,900
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
33,789      
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
90,405 31   90,374
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 231,264 14,575   182,900
25 Contributions, gifts, grants paid....... 3,013,344 3,013,344
26 Total expenses and disbursements. Add lines 24 and 25 3,244,608 14,575   3,196,244
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -972,488
b Net investment income (if negative, enter -0-) 2,257,545
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.............      
2 Savings and temporary cash investments......... 538,700 468,092 468,092
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)      
b Investments—corporate stock (attach schedule)....... 49,820,706 Click to see attachment
List of Attached Documents:
// Content
48,929,801 		64,372,040
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).......... 284,989 Click to see attachment
List of Attached Documents:
// Content
284,989 		32,771
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) 50,644,395 49,682,882 64,872,903
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   Click to see attachment
List of Attached Documents:
// Content
10,000
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 10,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 50,644,395 49,672,882
29 Total net assets or fund balances (see instructions)..... 50,644,395 49,672,882
30 Total liabilities and net assets/fund balances (see instructions). 50,644,395 49,682,882
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
50,644,395
2
Enter amount from Part I, line 27a .....................
2
-972,488
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
975
4
Add lines 1, 2, and 3 ..........................
4
49,672,882
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
49,672,882
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      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 12,749,221   12,154,686 594,535
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       594,535
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 594,535
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 31,380
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 31,380
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 31,380
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 19,700
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,400
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 32,100
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 720
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow720 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMD
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
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)
Yes
 
(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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 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)
Yes
 
(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
 
No
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
Brenda Galgano Dir, Sec, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Anne P Oliviero Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Andrea Nicholas Perdue Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Chris Perdue Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
James A Perdue Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
KIM R NECHAY EXECUTIVE DIRECTOR
20.0 		80,470    
PO Box 1537
Salisbury,MD21802
Total number of other employees paid over $50,000...................right arrow  
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
Foundation Source Administrative 83,025
55 Walls Drive 3rd Fl
Fairfield,CT06824
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (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
63,311,617
b
Average of monthly cash balances.......................
1b
605,866
c
Fair market value of all other assets (see instructions)................
1c
32,771
d
Total (add lines 1a, b, and c).........................
1d
63,950,254
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
63,950,254
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
959,254
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
62,991,000
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,149,550
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
3,149,550
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
31,380
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
31,380
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,118,170
4
Recoveries of amounts treated as qualifying distributions................
4
975
5
Add lines 3 and 4............................
5
3,119,145
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,119,145
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,196,244
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,196,244
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 3,119,145
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 240,455
b From 2020...... 357,123
c From 2021......  
d From 2022...... 688,334
e From 2023...... 414,892
f Total of lines 3a through e ........ 1,700,804
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,196,244
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 3,119,145
e Remaining amount distributed out of corpus 77,099
5 Excess distributions carryover applied to 2024.    
(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 1,777,903
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		240,455
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,537,448
10 Analysis of line 9:
a Excess from 2020.... 357,123
b Excess from 2021....  
c Excess from 2022.... 688,334
d Excess from 2023.... 414,892
e Excess from 2024.... 77,099
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).)
NONE
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:
FOUNDATION SOURCE
501 SILVERSIDE RD
WILMINGTON,DE19809
PREMIERSUPPORT@FOUNDATIONSOURCE.COM
bThe form in which applications should be submitted and information and materials they should include:
HTTPS://CORPORATE.PERDUEFARMS.COM/COMPANY/FOUNDATION/
cAny submission deadlines:
HTTPS://CORPORATE.PERDUEFARMS.COM/COMPANY/FOUNDATION/
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
HTTPS://CORPORATE.PERDUEFARMS.COM/COMPANY/FOUNDATION/
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

AFRICA SCHOOLHOUSE FOUNDATION

314 DANFORTH ST
PORTLAND,ME04102 		N/A PC General & Unrestricted 1,000

ALLIANCE FOR THE CHESAPEAKE BAY INC

151 W ST STE 101
ANNAPOLIS,MD21401 		N/A PC Project Clean Stream 10,000

A Naranjo

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIAT

PO BOX 96011
WASHINGTON,DC20090 		N/A PC Charitable Event 14,500

ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI

225 N MICHIGAN AVE 17TH FL
CHICAGO,IL60601 		N/A PC General & Unrestricted 7,000

ALZHEIMERS DRUG DISCOVERY FOUNDATION

57 W 57TH ST STE 904
NEW YORK,NY10019 		N/A PC General & Unrestricted 7,000

ALZHEIMERS FOUNDATION OF AMERICA INC

322 8TH AVENUE 16TH FL
NEW YORK,NY10001 		N/A PC General & Unrestricted 7,000

AMERICAN CANCER SOCIETY

PO BOX 1685
ATLANTA,GA30303 		N/A PC General & Unrestricted 10,000

AMERICAN CANCER SOCIETY INC

PO BOX 4110
GLEN ALLEN,VA23058 		N/A PC General & Unrestricted 5,000

AMERICAN RED CROSS - CENTRAL IOWA CHAPTER

2116 GRAND AVE
DES MOINES,IA50312 		N/A PC Flood Recovery Efforts in Sioux and Woodbury Counties 10,000

AMERICAS SECOND HARVEST OF COASTAL GEORGIA INC

1380 CHATHAM PKWY
SAVANNAH,GA31405 		N/A PC Feeding the Future 25,000

A Lopez

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

ART FOR THE JOURNEY

111 WILLOW OAKS RD
RICHMOND,VA23238 		N/A PC General & Unrestricted 20,000

ASK CHILDHOOD CANCER FOUNDATION

5211 WEST BROAD ST
RICHMOND,VA23230 		N/A PC General & Unrestricted 1,500

ASSOCIATION FOR THE PRESERVATION OF VIRGINIA ANTIQ

204 W FRANKLIN ST
RICHMOND,VA23220 		N/A PC General & Unrestricted 2,500

BAYHEALTH MEDICAL CENTER INC

640 S STATE ST
DOVER,DE19901 		N/A PC Mobile Cancer Screenings at Perdue Farms Facilities 25,000

BLUE RIDGE AREA FOOD BANK INC

PO BOX 937
VERONA,VA24482 		N/A PC Healthy Bodies, Healthy Minds - The Good Food School Market 20,000

BON SECOURS MERCY HEALTH FOUNDATION

1701 MERCY HEALTH PL
CINCINNATI,OH45237 		N/A PC Violence Response Team 15,000

BOYS & GIRLS CLUBS OF SOUTHERN MAINE

277 CUMBERLAND AVE
PORTLAND,ME04101 		N/A PC General & Unrestricted 5,000

BRIGHTFOCUS FOUNDATION

22512 GATEWAY CENTER DR
CLARKSBURG,MD20871 		N/A PC General & Unrestricted 7,000

CATHERINE VIOLET HUBBARD FOUNDATION INC

PO BOX 3571
NEWTOWN,CT06470 		N/A PC General & Unrestricted 4,000

CATHOLIC CHARITIES INC

1925 DELAWARE AVE
WILMINGTON,DE19806 		N/A PC Bethany House Homeless Shelter for Food Purchases 12,000

CHESAPEAKE HOUSING MISSION

PO BOX 1061
SALISBURY,MD21802 		N/A PC to purchase a Trailer 5,000

CHESAPEAKE HOUSING MISSION

PO BOX 1061
SALISBURY,MD21802 		N/A PC Help to Give Hope 15,000

CHILDREN AND FAMILY SERVICES INC

105 BROADWAY ST
VINCENNES,IN47591 		N/A PC DV Housing Assistance Program 10,000

CHILDRENS HOSPITAL

111 MICHIGAN AVE NW
WASHINGTON,DC20010 		N/A PC Oncology and Childhood Cancer Care 5,000

CHILDRENS HOSPITAL AND HEALTHCARE SERVICES FOUNDAT

PO BOX 980693
RICHMOND,VA23298 		N/A PC Level 12 West Care, Nutrition and Staff Refreshment Stations 15,000

CHRISTIAN BROADCASTING NETWORK INC

977 CENTERVILLE TPKE
VIRGINIA BCH,VA23463 		N/A PC Orphan's Promise 7,000

CHRISTIAN SHELTER INC

334 BARCLAY ST
SALISBURY,MD21804 		N/A PC General & Unrestricted 5,443

CHURCH COMMUNITY SERVICES OF SCOTLAND COUNTY INC

108 S GILL ST
LAURINBURG,NC28352 		N/A PC Food Pantry Hope For The Holidays 2,850

CIVILIAN DISASTER RESPONSE ORGANIZATION

PO BOX 1534
LEICESTER,NC28748 		N/A PC Hurricane Relief for Farmers in NC 15,000

M Nechay

COLLEGE OF CHARLESTON
66 GEORGE ST
CHARLESTON,SC29424 		none I scholarship grant 5,000

COLONIAL WILLIAMSBURG FOUNDATION

301 1ST ST
WILLIAMSBURG,VA23185 		N/A PC Colonial Williamsburg Donor Society 5,000

R Schmick

COLORADO MESA UNIVERSITY
1100 NORTH AVE
GRAND JUNCTION,CO81501 		none I Scholarship grant 5,000

COMMUNITY ACTION OF SKAGIT COUNTY

330 PACIFIC PL
MOUNT VERNON,WA98273 		N/A PC Skagit Food Distribution Center 5,000

COMMUNITY FOUNDATION

1123 SPRUCE ST
BOULDER,CO80302 		N/A PC General & Unrestricted 4,000

COMMUNITY FOUNDATION OF THE EASTERN SHORE INC

1324 BELMONT AVE STE 401
SALISBURY,MD21804 		N/A PC Prayer Breakfast Fund 5,000

COMMUNITY FOUNDATION OF THE EASTERN SHORE INC

1324 BELMONT AVE STE 401
SALISBURY,MD21804 		N/A PC Eastern Shore Mission of Mercy Dental Clinic 25,000

COMMUNITY FOUNDATION OF THE EASTERN SHORE INC

1324 BELMONT AVE STE 401
SALISBURY,MD21804 		N/A PC General & Unrestricted 5,000

CONOY TOWNSHIP

211 FALMOUTH RD
BAINBRIDGE,PA17502 		N/A GOV Arch Street Playground Revitalization - for the Train and Hold -N- Spin 6,700

C Schwanke

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

D Castaneda

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

DELAWARE SPECIAL OLYMPICS INC

619 S COLLEGE AVE
NEWARK,DE19716 		N/A PC Delaware's Leg of the Truck Convoy to benefit Special Olympics 5,000

D P Matute

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

DELMARVA COMMUNITY SERVICES INC

108 CHESAPEAKE ST
CAMBRIDGE,MD21613 		N/A PC Community Center and Senior Services and Meals 10,000

DERRYFIELD SCHOOL

2108 RIVER RD
MANCHESTER,NH03104 		N/A PC Annual Fund 10,000

DIAKONIA INC

12747 OLD BRIDGE RD
OCEAN CITY,MD21842 		N/A PC Transportation Van fund 40,000

DOVE POINTE INC

PO BOX 1610
SALISBURY,MD21802 		n/a PC Stocking Kitchen and Pantry for Reopening of Kitchen at Dove Pointe 10,000

EASTERN SHORE COMMUNITY COLLEGE FOUNDATION

29300 LANKFORD HWY
CAPE CHARLES,VA23410 		N/A PC Eastern Shore Adult Education Summer Classes and Support - Laptops, Software and Transcription Services 17,000

ELEVEN 21 INC

7545 LEVIN DASHIELL RD
HEBRON,MD21830 		N/A PC Epoch's Matching Challenge for a vehicle fund 30,000

E D Ubeda

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

ESVA HOUSING MISSION INC

25020 SHORE PKWY STE 2A
ONLEY,VA23418 		N/A PC ESVA Housing Mission - Start Up 10,000

FAITH OVER FEAR ECONOMIC EMPOWERMENT INC

402 DORSEY LN
SALISBURY,MD21801 		N/A PC Hands of Prosperity 7,000

FAMILY CAREGIVER ALLIANCE

235 MONTGOMERY ST STE 930
SAN FRANCISCO,CA94104 		N/A PC General & Unrestricted 7,000

F T Flores

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

FEEDMORE INC

1415 RHOADMILLER ST
RICHMOND,VA23220 		N/A PC Feed More's Mobile Pantry Program 10,000

FEEDMORE INC

1415 RHOADMILLER ST
RICHMOND,VA23220 		N/A PC "Nourish" Campaign Efforts 20,000

FLANDERS NATURE CENTER INC VAN VLECK FARM

5 CHURCH HILL RD
WOODBURY,CT06798 		N/A PC General & Unrestricted 15,000

FOOD BANK OF DELAWARE INC

222 LAKE DR
NEWARK,DE19702 		N/A PC Food Bank of Delaware's (FBD) Milford Expansion with naming of the Community Market and Cafe 50,000

FOOD BANK OF DELAWARE INC

222 LAKE DR
NEWARK,DE19702 		N/A PC Food Bank of Delaware's Backpack Program in Southern Delaware 25,000

FOOD BANK OF THE ALBEMARLE

PO BOX 1704
ELIZABETH CTY,NC27906 		N/A PC Community Collaboration: Food for the Kelford Mobile Food Pantry in Bertie County 10,000

FOOD FINDERS FOOD BANK INC

1204 GREENBUSH ST
LAFAYETTE,IN47904 		N/A PC Food Distribution 10,000

FOODBANK OF SOUTHEASTERN VIRGINIA

800 TIDEWATER DR
NORFOLK,VA23504 		N/A PC Eastern Shore BackPack Program 25,000

FORKIDS INC

1001 POINDEXTER ST
CHESAPEAKE,VA23324 		N/A PC FRESH (Food Resources and Education for Sustainable Health) 10,000

FRIENDS OF THE DORCHESTER COUNTY PUBLIC LIBRARY IN

PO BOX 1134
CAMBRIDGE,MD21613 		N/A PC General & Unrestricted 30,000

FRONTLINE MINISTRIES INC

2025 CEDAR SPRINGS RD
BLYTHEWOOD,SC29016 		N/A PC General & Unrestricted 20,000

G M Chilel

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

GEORGETOWN PUBLIC LIBRARY

123 W PINE ST
GEORGETOWN,DE19947 		N/A PC New Children's Library Shelves 10,000

GIRLS ON THE RUN OF THE GREATER CHESAPEAKE

129 LUBRANO DR STE L102
ANNAPOLIS,MD21401 		N/A PC Program Scholarship Fund for a Title 1 School Team on the Eastern Shore 2,000

G Topete

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

GOOD SHEPHERD FOOD BANK

3121 HOTEL RD
AUBURN,ME04210 		N/A PC General & Unrestricted 1,000

GREATER SIOUX COMMUNITY HEALTH CENTER INC

965 S MAIN AVE
SIOUX CENTER,IA51250 		N/A PC Promise East Expansion 25,000

GULF OF MAINE RESEARCH INSTITUTE

350 COMMERCIAL ST
PORTLAND,ME04101 		N/A PC Grant Campaign 30,000

HABITAT FOR HUMANITY INTERNATIONAL INC

2281 DABNEY RD STE A
RICHMOND,VA23230 		N/A PC General & Unrestricted 5,000

HABITAT FOR HUMANITY INTERNATIONAL INC

2268 NC 5 HWY
ABERDEEN,NC28315 		N/A PC East Washington Homes - Rockingham, NC 20,000

R Farrow

HAGERSTOWN COMMUNITY COLLEGE
11400 ROBINWOOD DR
HAGERSTOWN,MD21742 		none I Scholarship Grant 5,000

HAITIAN DEVELOPMENT CENTER OF DELMARVA INC

350 CYPRESS ST
SALISBURY,MD21801 		N/A PC Operation Education Community 20,000

HEALTHNETWORK FOUNDATION

3550 LANDER RD STE 225
PEPPER PIKE,OH44124 		N/A PC General & Unrestricted 10,000

HOLLY GROVE CHRISTIAN SCHOOL INC

7317 MENNONITE CHURCH RD
WESTOVER,MD21871 		N/A PC Capital Campaign 5,000

HOPE AND LIFE OUTREACH INC

701 SNOW HILL RD
SALISBURY,MD21804 		N/A PC General & Unrestricted 7,000

HOPE FOOD PANTRY

PO BOX 21
SIOUX CENTER,IA51250 		N/A PC General & Unrestricted 2,800

INTEGRATED REFUGEE & IMMIGRANT SERVICES INC

235 NICOLL ST FL 2
NEW HAVEN,CT06511 		N/A PC General & Unrestricted 15,000

JOHNS HOPKINS UNIVERSITY

3400 N CHARLES ST 146 GARLAND HALL
BALTIMORE,MD21218 		N/A PC Department of Medicine/Lymes Disease Research Center 10,000

JOSHUA M FREEMAN FOUNDATION

31255 AMERICANA PKWY
SELBYVILLE,DE19975 		N/A PC Programming fund 1,500

JOSHUA M FREEMAN FOUNDATION

31255 AMERICANA PKWY
SELBYVILLE,DE19975 		N/A PC Capital Campaign for the Freeman Arts Pavilion 30,000

JUNIOR ACHIEVEMENT OF SOUTHWESTERN INDIANA INC

431 E DIAMOND AVE
EVANSVILLE,IN47711 		N/A PC Boundless Possibilities in Daviess County 5,000

JUNIOR ACHIEVEMENT OF THE EASTERN SHORE

301 TILGHMAN RD STE 101
SALISBURY,MD21804 		N/A PC Perdue Henson Center Campaign 20,000

JUNIOR ACHIEVEMENT OF THE EASTERN SHORE

301 TILGHMAN RD STE 101
SALISBURY,MD21804 		N/A PC The JA Center of Delmarva 156,250

JUST1MIKE

PO BOX 276
CLARENDON HLS,IL60514 		N/A PC General & Unrestricted 15,000

LA ESPERANZA INC

216 N RACE ST
GEORGETOWN,DE19947 		N/A PC Support Services for Sussex County Latinos 10,000

LEADERSHIP DELAWARE INC

112 S FRENCH ST
WILMINGTON,DE19801 		N/A PC General & Unrestricted 2,500

MAC INCORPORATED

909 PROGRESS CIR STE 100
SALISBURY,MD21804 		N/A PC General & Unrestricted 7,000

MAGI-FUND INC

1210 ORCHARD CIR
SALISBURY,MD21801 		N/A PC Concert fund 1,000

MAIN STREET GYM INC

PO BOX 3178
SALISBURY,MD21802 		N/A PC General & Unrestricted 50,000

MAINE COLLEGE OF ART

522 CONGRESS ST
PORTLAND,ME04101 		N/A PC Scholarship Fund 1,000

MAINE JEWISH FILM FESTIVAL

PO BOX 7465
PORTLAND,ME04112 		N/A PC General & Unrestricted 2,000

MAKE A WISH FOUNDATION OF GREATER VIRGINIA

2810 N PARHAM RD STE 302
RICHMOND,VA23294 		N/A PC General & Unrestricted 10,000

MANCHESTER BOYS AND GIRLS CLUB

555 UNION ST
MANCHESTER,NH03104 		N/A PC General & Unrestricted 1,000

M D Topete

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

M S Arce

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

MARYLAND FOOD BANK INC

2200 HALETHORPE FARMS RD
BALTIMORE,MD21227 		N/A PC Addressing Food Insecurity on the Maryland's Eastern Shore 75,000

M D Rodriguez

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

MEDICAL COLLEGE OF VIRGINIA FOUNDATION

1021 E CARY ST STE 1100
RICHMOND,VA23219 		N/A PC Massey Cancer Center - "Play It Forward" Court fund 3,000

MERCY CENTER FOUNDATION USA INC

1500 35TH ST NW
WASHINGTON,DC20007 		N/A PC General & Unrestricted 5,000

MIDLOTHIAN HIGH SCHOOL PTSO

401 CHARTER COLONY PKWY
MIDLOTHIAN,VA23114 		N/A PC Giving Hearts Club and PTSO General Programs 5,500

MILFORD DISTRICT FREE PUBLIC LIBRARY COMMISSION

11 SE FRONT ST
MILFORD,DE19963 		N/A GOV Mango Language Renewal 2,916

MILTON COMMUNITY FOOD PANTRY

PO BOX 84
MILTON,DE19968 		N/A PC Milton Community Food Pantry Distribution Center 25,000

MISSION AVIATION FELLOWSHIP

PO BOX 47
NAMPA,ID83653 		N/A PC General & Unrestricted 10,000

MOREHEAD CITY FIRE & RESCUE AUXILIARY

4034 ARENDELL ST
MOREHEAD CITY,NC28557 		N/A PC Replacement of Equipment Destroyed in Hurricane Relief Efforts 5,000

NATIONAL FFA FOUNDATION INC

6060 FFA DR
INDIANAPOLIS,IN46278 		N/A PC Blue Jacket Program 20,000

NATURE CONSERVANCY

4245 N FAIRFAX DRIVE STE 100
ARLINGTON,VA22203 		N/A PC Projects in Virginia 5,000

NC CENTER FOR POULTRY EDUCATION

1208 HIGH LEVEL RD
PINETOPS,NC27864 		N/A PC Nurturing Knowledge, Fostering Futures: Advancing Agriculture Education for Students, Stakeholders, Educators, and the Community - Intern position fund 15,000

NEWTOWN MONTESSORI SOCIETY INC

173 S MAIN ST
NEWTOWN,CT06470 		N/A PC Fraser Woods Montessori School 22,500

N Topete

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

NIMAN RANCH NEXT GENERATION FOUNDATION

1765 W 121ST AVE STE 400
WESTMINSTER,CO80234 		N/A PC Young Farmer Education & Scholarship Fund 25,000

NIMAN RANCH NEXT GENERATION FOUNDATION

1765 W 121ST AVE STE 400
WESTMINSTER,CO80234 		N/A PC General & Unrestricted 12,500

C Moore

NORTH CAROLINA STATE UNIVERSITY
BOX 7503
RALEIGH,NC27695 		none I scholarship grant 5,000

OFF STREET SPORTS PERFORMANCE INC

709 BUCKINGHAM CIR
SALISBURY,MD21804 		N/A PC Off Street Sports Performance 12,000

ONANCOCK VOLUNTEER FIRE DEPARTMENT INCORPORATED

PO BOX 28
ONANCOCK,VA23417 		N/A PC Onancock/Eastern Shore Regional Technical Rescue Team 50,000

OPERA MAINE

PO BOX 7733
PORTLAND,ME04112 		N/A PC Student Support fund 5,000

OPERATION BLESSING INTERNATIONAL RELIEF & DEVELOPM

977 CENTERVILLE TPKE
VIRGINIA BCH,VA23463 		N/A PC General & Unrestricted 7,000

OPERATION FINALLY HOME

PO BOX 732667
DALLAS,TX75373 		N/A PC General & Unrestricted 7,000

OUR COMMUNITY PLACE

17 E JOHNSON ST
HARRISONBURG,VA22802 		N/A PC Kitchen Industries Program - Food and Cooking Supplies 25,000

OYSTER RECOVERY PARTNERSHIP INC

PO BOX 6775
ANNAPOLIS,MD21401 		N/A PC Charitable Event 5,000

PARENTS PLACE OF MARYLAND INC

802 CROMWELL PARK DR
GLEN BURNIE,MD21061 		N/A PC PPMD's 4th Annual Wrightslaw Special Education Law & Advocacy Conference 1,000

PARTNERS FOR WORLD HEALTH

40 WALCH DR
PORTLAND,ME04103 		N/A PC General & Unrestricted 8,000

P R Lucas

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

PORTLAND MUSEUM OF ART

7 CONGRESS SQ
PORTLAND,ME04101 		N/A PC Blueprint Campaign 75,000

PORTLAND MUSEUM OF ART

7 CONGRESS SQ
PORTLAND,ME04101 		N/A PC for Art for All and Free Fridays 100,000

POWER PRODUCTIONS MINISTRIES INC

PO BOX 5140
SALISBURY,MD21802 		N/A PC Movie Camera(s) fund 20,000

PREBLE STREET

55 PORTLAND ST
PORTLAND,ME04101 		N/A PC General & Unrestricted 443

PREGNANCY CENTER INC

1300 S DIVISION ST STE C
SALISBURY,MD21804 		N/A PC New Building/Expansion of Programs fund 50,000

PROCTOR ACADEMY

PO BOX 500
ANDOVER,NH03216 		N/A PC Parents' Annual Fund 10,000

P Hamdan

PURDUE UNIVERSITY
610 PURDUE MALL
WEST LAFAYETTE,IN47907 		none I scholarship grant 5,000

C Simmons

PURDUE UNIVERSITY
610 PURDUE MALL
WEST LAFAYETTE,IN47907 		none I scholarship grant 2,500

REDWOOD EMPIRE FOOD BANK

3990 BRICKWAY BLVD
SANTA ROSA,CA95403 		N/A PC Every Child, Every Day 10,000

RESCUE MISSION OF MIDDLE GEORGIA INC

6601 ZEBULON RD
MACON,GA31220 		N/A PC HVAC for the Rescue Mission of Middle Georgia 12,000

P Lee

RICHMOND COMMUNITY COLLEGE
PO BOX 1189
HAMLET,NC28345 		none I Scholarship Grant 5,000

RICHMOND TENNIS ASSOCIATION

PO BOX 17612
RICHMOND,VA23226 		N/A PC Salisbury Project 30,000

ROCKINGHAM COUNTY FAIR ASSOCIATION INC

4808 S VALLEY PIKE
ROCKINGHAM,VA22801 		N/A PC Barn campaign 25,000

SALISBURY CHILDRENS CHOIR INC

25946 CADILLAC WAY
MARDELA SPGS,MD21837 		N/A PC Choir Scholarship Fund 5,000

SALISBURY PARAMEDIC FOUNDATION

325 CYPRESS ST
SALISBURY,MD21801 		N/A PC General & Unrestricted 15,000

SALISBURY SCHOOL EDUCATIONAL FOUNDATION INC

6279 HOBBS RD
SALISBURY,MD21804 		N/A PC General & Unrestricted 5,500

SALISBURY SCHOOL INC

6279 HOBBS RD
SALISBURY,MD21804 		N/A PC Annual Giving Campaign 10,000

SALISBURY SCHOOL INC

6279 HOBBS RD
SALISBURY,MD21804 		N/A PC General & Unrestricted 2,500

SALISBURY STATE UNIVERSITY FOUNDATION INC

PO BOX 2655
SALISBURY,MD21802 		N/A PC Perdue ABLE Sustainability Fund 37,500

SALISBURY STATE UNIVERSITY FOUNDATION INC

PO BOX 2655
SALISBURY,MD21802 		N/A PC Growing Opportunities for Family Child Care - GOFCC 13,250

SALISBURY STATE UNIVERSITY FOUNDATION INC

PO BOX 2655
SALISBURY,MD21802 		N/A PC Perdue Museum 5,000

SALISBURY URBAN MINISTRIES

PO BOX 1792
SALISBURY,MD21802 		N/A PC Kid's Caf 10,000

SALVATION ARMY

407 OAK ST
SALISBURY,MD21804 		N/A PC Keeping our Neighbors Fed and Housed 10,000

SAMARITANS PURSE

PO BOX 3000
BOONE,NC28607 		N/A PC General & Unrestricted 7,000

S G Molina

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

SEASIDE CHRISTIAN ACADEMY INC

12637A OCEAN GTWY
OCEAN CITY,MD21842 		N/A PC Capital Campaign Effort for Gymnasium and Classrooms 75,000

SECOND HARVEST FOOD BANK OF METROLINA INC

500 SPRATT ST STE B
CHARLOTTE,NC28206 		N/A PC Fighting Child Hunger in Cabarrus County 10,000

SECOND HARVEST FOOD BANK OF MIDDLE TENNESSEE INC

331 GREAT CIR RD
NASHVILLE,TN37228 		N/A PC Feeding Families & Children in Putnam County, Tennessee 30,000

SEEDS OF PEACE INC

PO BOX 70372
NEWARK,NJ07101 		N/A PC General & Unrestricted 2,000

SENATOR GEORGE J MITCHELL SCHOLARSHIP RESEARCH INS

75 WASHINGTON AVE STE 2E
PORTLAND,ME04101 		N/A PC Scholarship Fund 1,000

SEVEN ARROWS ELEMENTARY SCHOOL

15240 LA CRUZ DR
PACIFIC PLSDS,CA90272 		N/A PC General & Unrestricted 52,500

SON SPOT MINISTRIES INCORPORATED

PO BOX 756
OCEAN CITY,MD21843 		N/A PC to cover Expenses for Missionaries from Dominican Republic 3,000

SOUTHWEST RADIO CHURCH OF THE AIR

500 BEACON DR
OKLAHOMA CITY,OK73127 		N/A PC General & Unrestricted 15,000

ST CATHERINES SCHOOL FOUNDATION

6001 GROVE AVE
RICHMOND,VA23226 		N/A PC General & Unrestricted 2,000

ST CHRISTOPHERS SCHOOL FOUNDATION

711 SAINT CHRISTOPHERS RD
RICHMOND,VA23226 		N/A PC General & Unrestricted 2,000

STANFORD UNIVERSITY

PO BOX 20466
STANFORD,CA94309 		N/A PC General & Unrestricted 5,000

SUSAN B ANTHONY PROJECT INC

179 WATER ST
TORRINGTON,CT06790 		N/A PC General & Unrestricted 5,000

SWIM OCEAN CITY INC

1 GRICE ST
BERLIN,MD21811 		N/A PC Ocean Games 1,000

SYMPHONY 21

PO BOX 2903
SALISBURY,MD21802 		N/A PC General & Unrestricted 10,000

TAPPAHANNOCK ESSEX VOLUNTEER FIRE DEPARTMENT INC

PO BOX 807
TAPPAHANNOCK,VA22560 		N/A PC General & Unrestricted 2,500

THE CAMERON K GALLAGHER FOUNDATION

3200 ROCKBRIDGE ST STE 102
RICHMOND,VA23230 		N/A PC General & Unrestricted 4,000

THE COMMUNITY FOUNDATION INC

7501 BOULDERS DR STE 110
RICHMOND,VA23225 		N/A PC The Franklin P. Perdue Fund 1,443

THE GRANITE STATE CHILDRENS ALLIANCE

72 S RIVER RD STE 202
BEDFORD,NH03110 		N/A PC Hillsborough Child Advocacy Center 3,000

THE SOCIETY OF SAINT ANDREW INC

3383 SWEET HOLLOW RD
BIG ISLAND,VA24526 		N/A PC Delmarva Gleaning Network 5,000

THE UCLA FOUNDATION

PO BOX 7145
PASADENA,CA91109 		N/A PC General & Unrestricted 2,500

THE UNITED WAY OF GREATER WATERBURY INC

123 BANK ST 3RD FL
WATERBURY,CT06702 		N/A PC General & Unrestricted 35,000

THOMAS JEFFERSON FOUNDATION INC

PO BOX 217
CHARLOTTESVILLE,VA22902 		N/A PC General & Unrestricted 2,500

TIDALHEALTH FOUNDATION INC

100 E CARROLL ST
SALISBURY,MD21801 		N/A PC Charitable Event 2,500

TIDALHEALTH FOUNDATION INC

100 E CARROLL ST
SALISBURY,MD21801 		N/A PC Graduate Medical Education 100,000

TIDALHEALTH FOUNDATION INC

100 E CARROLL ST
SALISBURY,MD21801 		N/A PC Mobile Mammography Unit 25,000

TIDALHEALTH FOUNDATION INC

100 E CARROLL ST
SALISBURY,MD21801 		N/A PC Summer on Ayres 2,500

TOUCH OF CHRIST MINISTRIES INC

10863 TIDEWATER TRL
FREDERICKSBRG,VA22408 		N/A PC Relocation of TOC printing houses and members 20,000

TRUSTEES OF DARTMOUTH COLLEGE

6001 PARKHURST HALL STE 207
HANOVER,NH03755 		N/A PC General & Unrestricted 10,000

TRUSTEES OF DARTMOUTH COLLEGE

6001 PARKHURST HALL STE 207
HANOVER,NH03755 		N/A PC Low Income Student Support 2,500

UNITED FUND OF DILLON COUNTY INC

PO BOX 828
DILLON,SC29536 		N/A PC General & Unrestricted 1,102

UNITED WAY OF CENTRAL GEORGIA INC

277 MLK JR BLVD STE 301
MACON,GA31201 		N/A PC General & Unrestricted 2,796

UNITED WAY OF CENTRAL INDIANA INC

2955 N MERIDIAN ST STE 300
INDIANAPOLIS,IN46208 		N/A PC General & Unrestricted 655

UNITED WAY OF HARRISONBURG & ROCKINGHAM COUNTY INC

100 S MASON ST STE A
HARRISONBURG,VA22801 		N/A PC General & Unrestricted 1,500

UNITED WAY OF NORTH CAROLINA

1130 KILDAIRE FARM RD STE 100
CARY,NC27511 		N/A PC Hurricane Recovery Efforts in Western North Carolina 2,500

UNITED WAY OF RICHMOND COUNTY INC

PO BOX 153
ROCKINGHAM,NC28380 		N/A PC General & Unrestricted 3,536

UNITED WAY OF THE LOWER EASTERN SHORE INC

803 N SALISBURY BLVD STE 2100
SALISBURY,MD21801 		N/A PC Impact Champion 80th Anniversary 50,000

UNITED WAY OF THE LOWER EASTERN SHORE INC

803 N SALISBURY BLVD STE 2100
SALISBURY,MD21801 		N/A PC General & Unrestricted 85,952

UNITED WAY OF THE OHIO VALLEY INC

403 PARK PLZ DR
OWENSBORO,KY42301 		N/A PC General & Unrestricted 598

UNITED WAY OF VIRGINIAS EASTERN SHORE INC

PO BOX 605
ONLEY,VA23418 		N/A PC General & Unrestricted 1,910

UNIVERSITY OF GEORGIA FOUNDATION

1 PRESS PL STE 101
ATHENS,GA30601 		N/A PC University of Georgia Poultry Science Building: A state-of-the-art space for advanced, forward-thinking, relevant poultry research 40,000

A Lulla

UNIVERSITY OF MARYLAND
1109 LEE BLDG
COLLEGE PARK,MD20742 		none I Scholarship Grant 5,000

UNIVERSITY OF MARYLAND FOUNDATION INC

3300 METZEROTT RD
ADELPHI,MD20783 		N/A PC Perdue Scholarship Fund at UMES 10,000

A Weeks

UNIVERSITY OF MASSACHUSETTS AMHERST
134 HICKS WAY
AMHERST,MA01003 		none I scholarship grant 5,000

T Kennedy

UNIVERSITY OF NC AT CHAPEL HILL
PO BOX 309
CHAPEL HILL,NC27514 		none I scholarship grant 5,000

A Rodriguez-Gonzalez

UNIVERSITY OF NC AT PEMBROKE
PO BOX 1510
PEMBROKE,NC28372 		none I scholarship grant 5,000

A Guinn

UNIVERSITY OF NOTRE DAME
OFC OF RESEARCH
NOTRE DAME,IN46556 		none I scholarship grant 5,000

K Knepp

UNIVERSITY OF SOUTHERN INDIANA
8600 UNIVERSITY BLVD
EVANSVILLE,IN47712 		none I Scholarship Grant 5,000

UNIVERSITY OF SOUTHERN MAINE FOUNDATION

PO BOX 9300
PORTLAND,ME04104 		N/A PC Center for the Arts 100,000

UNIVERSITY OF VIRGINIA

PO BOX 400807
CHARLOTTESVILLE,VA22904 		N/A PC School of Nursing 2,000

UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION

PO BOX 7726
CHARLOTTESVILLE,VA22906 		N/A SO III FI Darden Annual Fund 2,500

VIRGINIA HISTORICAL SOCIETY

428 N ARTHUR ASHE BLVD
RICHMOND,VA23220 		N/A PC Virginia Museum of History and Culture - 1831 Society 2,500

VIRGINIA LIVING MUSEUM INC

524 J CLYDE MORRIS BLVD
NEWPORT NEWS,VA23601 		N/A PC General & Unrestricted 5,000

VIRGINIA MUSEUM OF FINE ARTS FOUNDATION

200 N ARTHUR ASHE BLVD
RICHMOND,VA23220 		N/A PC Fine Art and Flowers 2,500

VIRGINIA MUSEUM OF FINE ARTS FOUNDATION

200 N ARTHUR ASHE BLVD
RICHMOND,VA23220 		N/A PC Capital Campaign 145,000

C Shay

VIRGINIA POLYTECHNIC Inst St U
800 WASHINGTON ST SW STE 150
BLACKSBURG,VA24061 		none I scholarship grant 5,000

W M Chilel

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

WATER FOR SOUTH SUDAN INC

PO BOX 25551
ROCHESTER,NY14625 		N/A PC General & Unrestricted 4,000

C Howard

WEST VIRGINIA UNIVERSITY
B-33 STEWART HALL PO BOX 6003
MORGANTOWN,WV26506 		none I scholarship grant 5,000

WOR-WIC COMMUNITY COLLEGE FOUNDATION

32000 CAMPUS DR
SALISBURY,MD21804 		N/A PC Preparing for a Stronger Tomorrow - naming of CDL Laboratory 30,000

WORLD WILDLIFE FUND INC

1250 24TH ST NW
WASHINGTON,DC20037 		N/A PC General & Unrestricted 2,500

Y R Rodriguez

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

Y D Ubeda

4241 US 75 AVE
Sioux Center,IA51250 		none I Disaster Relief grant 400

YOUTH FIRST INC

111 SE 3RD ST STE 405
EVANSVILLE,IN47708 		N/A PC Youth First Student Assistance Program in 11 Indiana Schools 10,000
Total .................................right arrow 3a 3,013,344
bApproved for future payment
Total ................................. right arrow 3b  
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 6,920  
4 Dividends and interest from securities ....     14 1,670,665  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 594,535  
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) ..   2,272,120  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,272,120
(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

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

TY 2024 DepreciationSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 InvestmentsCorpStockSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Name of Stock End of Year Book Value End of Year Fair Market Value
AMERICAN FUNDS EUROPACIFIC GRO 5,690,114 4,310,061
CREDIT SUISSE COMMODITY RET ST 1,163,086 984,979
DODGE & COX FUNDS INTERNATIONA 4,837,908 6,091,971
FIDELITY SMALL CAP VALUE INDEX 1,037,132 1,015,707
FIDELITY TOTAL BOND 8,289,877 8,002,696
INVESCO SMALL-CAP GROWTH CLASS 985,655 827,016
MAINSTAY HIGH YIELD CORPORATE 1,395,736 1,336,822
T. ROWE PRICE INTERNATIONAL DI 3,000,000 1,969,425
VANGUARD REIT INDEX FD ADMIRAL 1,101,930 1,247,893
VANGUARD TBM INDEX FD ADMIRAL 6,909,958 6,103,156
VANGUARD TBM INDEX FUND INSTL 1,918,082 1,851,657
VANGUARD TOTAL STOCK MARKET IN 12,600,323 30,630,657

TY 2024 InvestmentsOtherSchedule2
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ENTRUST CAPITAL DIVERSIFIED FU   284,989 32,771

TY 2024 LoansFromOfficersSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332

Item No. 1
Lender's Name PERDUE FARMS INC
Lender's Title  
Original Amount of Loan 10000
Balance Due 10000
Date of Note 2024-07
Maturity Date 2025-03
Repayment Terms PRINCIPAL ON MATURITY
Interest Rate 0.
Security Provided by Borrower NONE
Purpose of Loan PROVIDE DISASTER RELIEF GRANTS DURING EMERGENCIES
Description of Lender Consideration CASH - $10,000
Consideration FMV  


TY 2024 OtherExpensesSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 83,025     83,025
Bank Charges 31 31    
Indemnification Insurance 7,250     7,250
OFFICE SUPPLIES 99     99


TY 2024 OtherIncreasesSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Description Amount
RETURNED GRANT 975


TY 2024 OtherProfessionalFeesSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 14,544 14,544    
SCHOLARSHIP MANAGEMENT SRVCS 5,500     5,500
DESIGN SERVICES 400     400


TY 2024 TaxesSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 19,700      
990-PF Excise Tax for 2023 14,089