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
ADELAIDE C RIGGS CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET STE 400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231
A Employer identification number

52-6740006
B Telephone number (see instructions)

(410) 537-5484
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$2,099,156J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 34,257 34,015  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 116,084
b Gross sales price for all assets on line 6a 259,678
7 Capital gain net income (from Part IV, line 2)... 116,084
8 Net short-term capital gain......... 0
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........ 150,341 150,099  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,013 0 0 1,013
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
18,510 18,510   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,502 386   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,025 18,896 0 1,013
25 Contributions, gifts, grants paid....... 88,419 88,419
26 Total expenses and disbursements. Add lines 24 and 25 109,444 18,896 0 89,432
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 40,897
b Net investment income (if negative, enter -0-) 131,203
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......... 111,627 80,241 80,241
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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)....... 735,529 Click to see attachment
List of Attached Documents:
// Content
808,016 		1,685,638
c Investments—corporate bonds (attach schedule)....... 360,171 Click to see attachment
List of Attached Documents:
// Content
360,171 		333,277
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)..........     0
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) 1,207,327 1,248,428 2,099,156
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,207,327 1,248,428
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,207,327 1,248,428
30 Total liabilities and net assets/fund balances (see instructions). 1,207,327 1,248,428
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
1,207,327
2
Enter amount from Part I, line 27a .....................
2
40,897
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
204
4
Add lines 1, 2, and 3 ..........................
4
1,248,428
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,248,428
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 6507.06 BROWN ADVISORY EQUITY IN COME INV   2019-12-16 2024-01-12
b 100. BROWN ADVISORY EQUITY IN COME INV   2011-12-30 2024-01-12
c 5. EDWARDS LIFESCIENCES CORP   2023-12-06 2024-01-25
d 8. EDWARDS LIFESCIENCES CORP   2023-11-03 2024-01-26
e 2. LULULEMON ATHLETICA INC COM   2023-10-25 2024-01-26
2. NVIDIA CORP COM   2022-02-17 2024-01-26
2. PROGRESSIVE CORP   2023-04-04 2024-01-26
1. THERMO ELECTRON CORP   2017-02-06 2024-01-26
5. UBER TECHNOLOGIES INC   2023-11-15 2024-01-26
1. EDWARDS LIFESCIENCES CORP   2023-11-02 2024-01-29
3. EDWARDS LIFESCIENCES CORP   2017-02-06 2024-01-29
3. EDWARDS LIFESCIENCES CORP   2017-02-06 2024-01-31
2. EDWARDS LIFESCIENCES CORP   2017-02-06 2024-01-31
1. NVIDIA CORP COM   2022-01-21 2024-02-02
1. SERVICENOW INC COM   2020-12-14 2024-02-02
2. CHEWY INC CLASS A   2021-04-12 2024-02-15
2. CHEWY INC CLASS A   2021-04-12 2024-02-15
1. NVIDIA CORP COM   2022-01-21 2024-02-15
8. CHEWY INC CLASS A   2021-04-12 2024-02-16
4. CHEWY INC CLASS A   2021-04-29 2024-02-16
6. CHEWY INC CLASS A   2021-04-29 2024-02-20
2. CHEWY INC CLASS A   2021-05-03 2024-02-20
14. CHEWY INC CLASS A   2021-05-03 2024-02-21
10. CHEWY INC CLASS A   2021-09-02 2024-02-21
5. CHEWY INC CLASS A   2021-09-02 2024-02-22
14. CHEWY INC CLASS A   2021-09-03 2024-02-22
3. CHEWY INC CLASS A   2021-04-06 2024-02-22
4. CHEWY INC CLASS A   2023-03-23 2024-02-23
23. CHEWY INC CLASS A   2022-03-01 2024-02-23
17. CHEWY INC CLASS A   2023-03-24 2024-02-23
1. INTUITIVE SURGICAL INC   2007-01-16 2024-03-01
1. LULULEMON ATHLETICA INC COM   2020-04-20 2024-03-01
1. NVIDIA CORP COM   2022-01-21 2024-03-01
2. UBER TECHNOLOGIES INC   2023-11-10 2024-03-01
1. INTUITIVE SURGICAL INC   2007-01-16 2024-03-04
1. LULULEMON ATHLETICA INC COM   2020-04-20 2024-03-04
1. NVIDIA CORP COM   2022-01-21 2024-03-04
2. UBER TECHNOLOGIES INC   2023-11-03 2024-03-04
1. NVIDIA CORP COM   2022-01-21 2024-03-08
4. LULULEMON ATHLETICA INC COM   2020-05-05 2024-03-18
2. INTUIT INC.   2017-04-26 2024-03-20
2. ADOBE SYS INCORP   2016-04-14 2024-03-21
1. ATLASSIAN CORPORATION CL A   2024-02-02 2024-03-21
1. AUTODESK INC   2023-12-06 2024-03-21
1. AUTODESK INC   2023-12-06 2024-03-21
1. MICROSOFT CORP.   2018-12-19 2024-03-21
1. SBA COMMUNICATIONS CORP   2023-11-03 2024-03-22
1. SBA COMMUNICATIONS CORP   2023-11-03 2024-03-22
1. NVIDIA CORP COM   2022-01-21 2024-03-26
2. SBA COMMUNICATIONS CORP   2023-06-13 2024-03-27
1. SBA COMMUNICATIONS CORP   2023-06-09 2024-03-28
1. SBA COMMUNICATIONS CORP   2023-06-07 2024-03-28
1. SBA COMMUNICATIONS CORP   2023-06-23 2024-04-01
1. SBA COMMUNICATIONS CORP   2023-06-22 2024-04-01
1. SBA COMMUNICATIONS CORP   2023-06-01 2024-04-11
2. LULULEMON ATHLETICA INC COM   2024-03-22 2024-04-12
1. LULULEMON ATHLETICA INC COM   2020-04-21 2024-04-12
1. LULULEMON ATHLETICA INC COM   2020-04-21 2024-04-12
2. SBA COMMUNICATIONS CORP   2023-11-02 2024-04-12
1. SBA COMMUNICATIONS CORP   2023-06-11 2024-04-12
1. LULULEMON ATHLETICA INC COM   2020-04-21 2024-04-15
1. LULULEMON ATHLETICA INC COM   2020-04-21 2024-04-15
1. SBA COMMUNICATIONS CORP   2023-06-12 2024-04-15
1. SBA COMMUNICATIONS CORP   2016-02-26 2024-04-15
2. INTUITIVE SURGICAL INC   2007-01-16 2024-04-16
1. SBA COMMUNICATIONS CORP   2016-02-26 2024-04-16
1. SBA COMMUNICATIONS CORP   2016-02-26 2024-04-17
1. LULULEMON ATHLETICA INC COM   2020-04-16 2024-04-18
2. LULULEMON ATHLETICA INC COM   2020-04-16 2024-04-18
2. LULULEMON ATHLETICA INC COM   2020-04-15 2024-04-18
1. SBA COMMUNICATIONS CORP   2016-02-05 2024-04-18
3. NXP SEMICONDUCTORS NV   2018-09-18 2024-04-18
2. SBA COMMUNICATIONS CORP   2016-02-05 2024-04-19
1. SBA COMMUNICATIONS CORP   2016-02-23 2024-04-22
3. SBA COMMUNICATIONS CORP   2016-02-18 2024-04-22
2. SBA COMMUNICATIONS CORP   2016-02-18 2024-04-23
1. SBA COMMUNICATIONS CORP   2016-02-08 2024-04-24
1. SBA COMMUNICATIONS CORP   2016-02-08 2024-04-24
1. SBA COMMUNICATIONS CORP   2016-02-08 2024-04-24
2. SBA COMMUNICATIONS CORP   2016-02-09 2024-04-25
3. SBA COMMUNICATIONS CORP   2016-02-11 2024-04-26
6. UBER TECHNOLOGIES INC   2023-11-03 2024-05-07
2. VERALTO CORP COM SHS   2023-12-06 2024-05-07
4. ALPHABET INC CL C   2023-11-15 2024-05-08
7. ALPHABET INC CL C   2008-12-03 2024-05-08
1. ALPHABET INC CL C   2008-12-03 2024-05-08
1. AMAZON.COM INC   2024-02-15 2024-05-08
1. CINTAS CORP.   2023-11-15 2024-05-08
1. GENERAC HOLDINGS INC   2024-03-28 2024-05-08
1. IDEX CORP   2021-02-16 2024-05-08
1. UBER TECHNOLOGIES INC   2023-11-03 2024-05-08
1. CINTAS CORP.   2018-03-05 2024-05-09
2. GENERAC HOLDINGS INC   2024-03-28 2024-05-09
1. IDEX CORP   2021-03-09 2024-05-09
8. ALPHABET INC CL C   2008-12-03 2024-05-10
2. MATCH GROUP INC NEW   2020-10-09 2024-05-21
2. MATCH GROUP INC NEW   2020-10-07 2024-05-21
4. MATCH GROUP INC NEW   2020-10-07 2024-05-22
5. MATCH GROUP INC NEW   2022-02-17 2024-05-23
3. MATCH GROUP INC NEW   2020-09-16 2024-05-23
1. MATCH GROUP INC NEW   2020-09-16 2024-05-28
12. MATCH GROUP INC NEW   2020-09-29 2024-05-28
1. NVIDIA CORP COM   2022-01-21 2024-05-28
1. NVIDIA CORP COM   2022-01-21 2024-05-28
1. COSTCO WHOLESALE CORPORATION   2023-11-15 2024-06-10
2. MATCH GROUP INC NEW   2020-09-28 2024-06-12
5. MATCH GROUP INC NEW   2020-09-18 2024-06-12
10. NVIDIA CORP COM   2022-01-21 2024-06-12
1. MATCH GROUP INC NEW   2020-09-17 2024-06-13
2. IDEX CORP   2021-02-25 2024-06-21
1. IDEX CORP   2021-02-23 2024-06-21
33. MATCH GROUP INC NEW   2023-02-02 2024-06-21
2. THERMO ELECTRON CORP   2017-02-06 2024-06-21
3. IDEX CORP   2021-03-22 2024-06-24
14. MATCH GROUP INC NEW   2023-06-22 2024-06-24
2. MATCH GROUP INC NEW   2023-06-22 2024-06-25
5. MATCH GROUP INC NEW   2023-03-09 2024-06-26
15. MATCH GROUP INC NEW   2024-02-22 2024-06-27
6. MATCH GROUP INC NEW   2023-04-12 2024-06-27
1. ADOBE SYS INCORP   2016-04-14 2024-07-15
1. ALIGN TECHNOLOGY INC   2022-02-11 2024-07-15
2. ATLASSIAN CORPORATION CL A   2024-02-02 2024-07-15
1. GENERAC HOLDINGS INC   2024-03-27 2024-07-15
2. GENERAC HOLDINGS INC   2022-10-26 2024-07-15
4. ALIGN TECHNOLOGY INC   2022-03-22 2024-07-16
2. ATLASSIAN CORPORATION CL A   2024-02-02 2024-07-16
3. GENERAC HOLDINGS INC   2023-02-08 2024-07-16
3. GENERAC HOLDINGS INC   2022-11-01 2024-07-16
1. ATLASSIAN CORPORATION CL A   2024-02-02 2024-07-19
1. SERVICENOW INC COM   2020-12-14 2024-07-19
1. WORKDAY INC   2024-03-21 2024-07-19
8. EDWARDS LIFESCIENCES CORP   2017-02-06 2024-07-26
16. EDWARDS LIFESCIENCES CORP   2017-02-02 2024-07-29
2. ATLASSIAN CORPORATION CL A   2022-10-14 2024-08-05
5. EDWARDS LIFESCIENCES CORP   2017-02-02 2024-08-05
2. EDWARDS LIFESCIENCES CORP   2017-02-02 2024-08-05
1. ATLASSIAN CORPORATION CL A   2023-12-06 2024-08-06
14. EDWARDS LIFESCIENCES CORP   2017-02-02 2024-08-06
2. EDWARDS LIFESCIENCES CORP   2017-02-02 2024-08-06
6. EDWARDS LIFESCIENCES CORP   2017-02-02 2024-08-06
2. GENERAC HOLDINGS INC   2023-02-10 2024-08-06
1. IDEX CORP   2021-02-17 2024-08-06
1. ATLASSIAN CORPORATION CL A   2022-10-13 2024-08-07
6. EDWARDS LIFESCIENCES CORP   2017-02-02 2024-08-07
3. GENERAC HOLDINGS INC   2022-10-31 2024-08-07
1. IDEX CORP   2021-02-17 2024-08-07
1. CINTAS CORP.   2018-02-21 2024-08-08
4. EDWARDS LIFESCIENCES CORP   2017-02-02 2024-08-08
2. EDWARDS LIFESCIENCES CORP   2017-02-02 2024-08-08
2. GENERAC HOLDINGS INC   2022-10-31 2024-08-08
2. IDEX CORP   2021-02-05 2024-08-08
1. IDEX CORP   2021-02-05 2024-08-08
1. IDEX CORP   2021-02-05 2024-08-08
2. INTUITIVE SURGICAL INC   2007-01-16 2024-08-09
3. ZOETIS INC   2024-01-29 2024-08-09
3. HILTON WORLDWIDE HLDGS WI   2024-07-29 2024-08-22
616.979 BROWN ADVISORY FLEXIBLE EQUITY INV   2015-09-21 2024-09-04
70. VANGUARD FTSE EMERGING MARKETS ETF   2020-04-13 2024-09-04
3. ATLASSIAN CORPORATION CL A   2023-11-03 2024-09-20
2. ATLASSIAN CORPORATION CL A   2023-03-09 2024-09-20
1. SERVICENOW INC COM   2020-12-07 2024-09-20
4. ATLASSIAN CORPORATION CL A   2023-03-09 2024-09-23
1. ATLASSIAN CORPORATION CL A   2024-05-28 2024-09-23
2. ATLASSIAN CORPORATION CL A   2023-04-12 2024-09-24
3. ATLASSIAN CORPORATION CL A   2023-01-20 2024-09-27
1. COSTCO WHOLESALE CORPORATION   2009-07-02 2024-09-27
3. ATLASSIAN CORPORATION CL A   2023-05-09 2024-09-30
1. ATLASSIAN CORPORATION CL A   2023-05-09 2024-10-01
3. ATLASSIAN CORPORATION CL A   2023-05-08 2024-10-01
5. ATLASSIAN CORPORATION CL A   2022-11-22 2024-10-01
1. INTUITIVE SURGICAL INC   2007-01-16 2024-10-01
3. PROGRESSIVE CORP   2023-03-31 2024-10-01
2. NVIDIA CORP COM   2024-07-19 2024-10-21
5. NVIDIA CORP COM   2022-01-28 2024-10-21
1. ADOBE SYS INCORP   2016-04-13 2024-11-08
3. ALPHABET INC CL C   2024-07-15 2024-11-08
2. HILTON WORLDWIDE HLDGS WI   2024-06-21 2024-11-08
2. PROGRESSIVE CORP   2023-03-30 2024-11-08
2. THERMO ELECTRON CORP   2017-01-31 2024-11-22
3. THERMO ELECTRON CORP   2017-01-31 2024-11-25
2. THERMO ELECTRON CORP   2017-01-31 2024-11-27
1. THERMO ELECTRON CORP   2017-01-31 2024-11-27
2. ADOBE SYS INCORP   2016-05-03 2024-12-02
2. INTUIT INC.   2017-04-26 2024-12-02
1. THERMO ELECTRON CORP   2017-01-31 2024-12-02
1. THERMO ELECTRON CORP   2017-01-31 2024-12-03
2. AMAZON.COM INC   2024-05-28 2024-12-05
1. SERVICENOW INC COM   2020-12-07 2024-12-05
4. AMAZON.COM INC   2023-02-07 2024-12-18
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 75,448   72,888 2,560
b 1,159   1,000 159
c 368   347 21
d 587   531 56
e 954   801 153
1,218   485 733
357   288 69
551   152 399
328   268 60
74   66 8
222   89 133
235   89 146
157   59 98
661   238 423
784   534 250
35   165 -130
35   165 -130
729   238 491
135   660 -525
67   328 -261
100   485 -385
33   162 -129
224   1,125 -901
160   796 -636
81   397 -316
225   1,093 -868
48   230 -182
64   140 -76
370   1,482 -1,112
273   587 -314
397   10 387
461   220 241
821   238 583
162   103 59
400   10 390
452   220 232
857   238 619
162   96 66
958   238 720
1,848   864 984
1,277   233 1,044
1,021   189 832
198   218 -20
268   220 48
266   220 46
429   104 325
214   229 -15
214   229 -15
939   238 701
434   455 -21
217   224 -7
217   224 -7
213   223 -10
214   223 -9
206   222 -16
679   800 -121
339   210 129
342   210 132
404   441 -37
203   216 -13
335   210 125
336   210 126
200   213 -13
200   93 107
760   21 739
196   93 103
197   93 104
347   209 138
694   419 275
695   414 281
196   93 103
657   274 383
392   186 206
196   92 104
590   275 315
397   183 214
199   86 113
199   86 113
199   86 113
395   171 224
592   253 339
425   287 138
194   152 42
685   542 143
1,199   48 1,151
172   7 165
188   170 18
692   549 143
138   126 12
222   199 23
65   48 17
695   168 527
278   253 25
222   198 24
1,362   55 1,307
60   227 -167
60   226 -166
119   452 -333
148   560 -412
89   328 -239
30   109 -79
354   1,305 -951
1,120   238 882
1,121   238 883
847   597 250
62   216 -154
155   536 -381
1,252   238 1,014
32   107 -75
405   395 10
203   197 6
1,022   2,973 -1,951
1,129   303 826
616   586 30
433   661 -228
60   79 -19
152   191 -39
456   550 -94
182   211 -29
564   94 470
240   512 -272
360   436 -76
156   124 32
312   242 70
980   1,986 -1,006
364   436 -72
475   354 121
480   351 129
175   218 -43
752   534 218
226   277 -51
502   238 264
1,017   475 542
286   393 -107
305   148 157
123   59 64
142   191 -49
869   416 453
125   59 66
376   178 198
281   233 48
193   195 -2
141   190 -49
373   178 195
417   348 69
195   195  
749   168 581
252   119 133
126   59 67
280   231 49
388   384 4
194   192 2
195   192 3
927   21 906
556   575 -19
648   648  
25,000   7,938 17,062
3,073   2,447 626
489   530 -41
326   365 -39
932   531 401
646   697 -51
162   166 -4
326   322 4
484   468 16
885   45 840
478   421 57
160   133 27
475   392 83
810   581 229
485   10 475
765   430 335
282   238 44
706   111 595
496   94 402
541   564 -23
496   431 65
522   285 237
1,027   302 725
1,543   454 1,089
1,048   302 746
526   151 375
1,030   188 842
1,269   233 1,036
530   151 379
533   150 383
442   350 92
1,122   531 591
885   396 489
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
      71,330
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       2,560
b       159
c       21
d       56
e       153
      733
      69
      399
      60
      8
      133
      146
      98
      423
      250
      -130
      -130
      491
      -525
      -261
      -385
      -129
      -901
      -636
      -316
      -868
      -182
      -76
      -1,112
      -314
      387
      241
      583
      59
      390
      232
      619
      66
      720
      984
      1,044
      832
      -20
      48
      46
      325
      -15
      -15
      701
      -21
      -7
      -7
      -10
      -9
      -16
      -121
      129
      132
      -37
      -13
      125
      126
      -13
      107
      739
      103
      104
      138
      275
      281
      103
      383
      206
      104
      315
      214
      113
      113
      113
      224
      339
      138
      42
      143
      1,151
      165
      18
      143
      12
      23
      17
      527
      25
      24
      1,307
      -167
      -166
      -333
      -412
      -239
      -79
      -951
      882
      883
      250
      -154
      -381
      1,014
      -75
      10
      6
      -1,951
      826
      30
      -228
      -19
      -39
      -94
      -29
      470
      -272
      -76
      32
      70
      -1,006
      -72
      121
      129
      -43
      218
      -51
      264
      542
      -107
      157
      64
      -49
      453
      66
      198
      48
      -2
      -49
      195
      69
       
      581
      133
      67
      49
      4
      2
      3
      906
      -19
       
      17,062
      626
      -41
      -39
      401
      -51
      -4
      4
      16
      840
      57
      27
      83
      229
      475
      335
      44
      595
      402
      -23
      65
      237
      725
      1,089
      746
      375
      842
      1,036
      379
      383
      92
      591
      489
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 116,084
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 1,824
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 1,824
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 1,824
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,100
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,100
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 724
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 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$   (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 instructions.................
12
 
No
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 arrowBROWN ADVISORY Telephone no.right arrow (410) 537-5484

Located atright arrow901 S BOND STBALTIMOREMD ZIP+4right arrow21231
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)
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)
 
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
BROWN INVESTMENT ADVISORY TRUSTEE
1 		0    
901 SOUTH BOND STREET
BALTIMORE,MD21231
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 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
1,981,095
b
Average of monthly cash balances.......................
1b
94,134
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,075,229
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
2,075,229
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
31,128
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,044,101
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
102,205
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
102,205
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,824
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,824
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
100,381
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
100,381
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
100,381
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
89,432
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
89,432
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 7 100,381
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 88,419
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 89,432
a Applied to 2023, but not more than line 2a 88,419
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..... 1,013
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 .......... 		99,368
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.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (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

VIRGINIA TECH FOUNDATION

17690 OLD WATERFORD ROAD
LEESBURG,VA20176 		NONE PC PROGRAM SUPPORT 88,419
Total .................................right arrow 3a 88,419
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 ........... 		         
4 Dividends and interest from securities ....     14 34,257  
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 ............ 		    18 116,084  
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) ..   150,341  
13Total. Add line 12, columns (b), (d), and (e)..................
13
150,341
(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

TY 2024 AccountingFeesSchedule
Name:
ADELAIDE C RIGGS CHARITABLE TRUST
EIN:
52-6740006
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 1,013     1,013

TY 2024 InvestmentsCorpBondsSchedule
Name:
ADELAIDE C RIGGS CHARITABLE TRUST
EIN:
52-6740006
Name of Bond End of Year Book Value End of Year Fair Market Value
FIXED INCOME FUNDS 360,171 333,277

TY 2024 InvestmentsCorpStockSchedule
Name:
ADELAIDE C RIGGS CHARITABLE TRUST
EIN:
52-6740006
Name of Stock End of Year Book Value End of Year Fair Market Value
COMMON STOCKS 135,824 250,339
EQUITY MUTUAL FUNDS 665,268 1,425,878
FOREIGN STOCKS 6,924 9,421

TY 2024 OtherIncreasesSchedule
Name:
ADELAIDE C RIGGS CHARITABLE TRUST
EIN:
52-6740006
Description Amount
COST BASIS ADJUSTMENT 204


TY 2024 OtherProfessionalFeesSchedule
Name:
ADELAIDE C RIGGS CHARITABLE TRUST
EIN:
52-6740006
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES-PRIN 12,284 12,284    
INVESTMENT FEES-INCOME 6,226 6,226    


TY 2024 TaxesSchedule
Name:
ADELAIDE C RIGGS CHARITABLE TRUST
EIN:
52-6740006
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 12 12   0
FEDERAL EXCISE TAX 16 0   0
QUARTERLY TAX DEPOSIT 1,100 0   0
FOREIGN TAXES ON QUALIFIED FOR 234 234   0
FOREIGN TAXES ON NONQUALIFIED 140 140   0