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
FULTON OWEN FOUNDATION 139990-000
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 70
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE19899
A Employer identification number

26-2199366
B Telephone number (see instructions)

(571) 289-5699
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$6,301,027J 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 5,414 5,414  
4 Dividends and interest from securities... 143,647 143,647  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 172,114
b Gross sales price for all assets on line 6a 1,542,679
7 Capital gain net income (from Part IV, line 2)... 172,114
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........ 321,175 321,175  
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).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
30,689 30,689   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,116 3,368   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.......... 35,805 34,057 0 0
25 Contributions, gifts, grants paid....... 276,000 276,000
26 Total expenses and disbursements. Add lines 24 and 25 311,805 34,057 0 276,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,370
b Net investment income (if negative, enter -0-) 287,118
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 6,605    
2 Savings and temporary cash investments......... 104,320 130,931 130,931
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)....... 4,539,518 Click to see attachment
List of Attached Documents:
// Content
4,499,433 		5,213,943
c Investments—corporate bonds (attach schedule)....... 1,002,919 Click to see attachment
List of Attached Documents:
// Content
1,025,913 		956,153
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) 5,653,362 5,656,277 6,301,027
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........ 5,653,362 5,656,277
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)..... 5,653,362 5,656,277
30 Total liabilities and net assets/fund balances (see instructions). 5,653,362 5,656,277
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
5,653,362
2
Enter amount from Part I, line 27a .....................
2
9,370
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,628
4
Add lines 1, 2, and 3 ..........................
4
5,667,360
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
11,083
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,656,277
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 105.591 AMG RIVER RD SM-CAP VALUE FD CL I   2021-05-14 2024-04-30
b 1947.741 AMG RIVER RD SM-CAP VALUE FD CL I   2021-05-14 2024-11-27
c 374.335 AMG RIVER RD SM-CAP VALUE FD CL I   2021-05-14 2024-12-03
d 7. ABBOTT LABORATORIES COMMON ~   2023-10-09 2024-04-30
e 7. ABBOTT LABORATORIES COMMON ~   2023-10-09 2024-11-27
9. ABBOTT LABORATORIES COMMON ~   2023-10-09 2024-12-03
5. ABBVIE INC   2023-05-15 2024-04-30
10. ABBVIE INC   2023-05-15 2024-12-03
1. ADOBE SYSTEMS INCORPORATED   2021-04-16 2024-11-27
2. ADOBE SYSTEMS INCORPORATED   2021-04-16 2024-12-03
450.233 PZENA EMERG MKTS VALUE FD CL I   2024-02-13 2024-04-30
2. AIR PRODUCTS & CHEMICALS INC   2022-11-14 2024-11-27
1. AIR PRODUCTS & CHEMICALS INC   2022-11-14 2024-12-03
25.131 AB CONCENTRATED GR FD CL ADV   2021-12-08 2024-04-30
3910.065 AB CONCENTRATED GR FD CL ADV     2024-06-07
14. ALPHABET INC CL C   2019-04-01 2024-04-30
13. ALPHABET INC CL C   2019-04-01 2024-11-27
23. ALPHABET INC CL C   2019-04-01 2024-12-03
9. AMAZON.COM INCORPORATED   2021-05-14 2024-04-30
13. AMAZON.COM INCORPORATED   2021-05-14 2024-11-27
28. AMAZON.COM INCORPORATED   2021-05-14 2024-12-03
17. AMERICAN ELECTRIC POWER INCORPORATED   2021-05-14 2024-04-30
6. AMERICAN ELECTRIC POWER INCORPORATED   2021-05-14 2024-11-27
6. AMERICAN ELECTRIC POWER INCORPORATED   2021-05-14 2024-12-03
6. AMERICAN TOWER CORP CL A   2021-05-14 2024-11-27
4. AMERICAN TOWER CORP CL A   2021-05-14 2024-12-03
3. ANALOG DEVICES INCORPORATED   2021-05-14 2024-04-30
3. ANALOG DEVICES INCORPORATED   2021-05-14 2024-11-27
8. ANALOG DEVICES INCORPORATED   2021-05-14 2024-12-03
1. ELEVANCE HEALTH INC   2021-05-14 2024-04-30
30. ELEVANCE HEALTH INC   2021-05-14 2024-08-08
21. APPLE COMPUTER INC COMMON   2021-05-14 2024-04-30
48. APPLE COMPUTER INC COMMON   2021-05-14 2024-12-03
3. AVALONBAY COMMUNITIES INCORPORATED   2021-05-14 2024-04-30
4. AVALONBAY COMMUNITIES INCORPORATED   2021-05-14 2024-11-27
4. AVALONBAY COMMUNITIES INCORPORATED   2021-05-14 2024-12-03
274.808 BAILLIE GIFFORD EMERG MKTS CL K   2021-05-14 2024-04-30
33. BANK AMER CORP COM   2021-05-14 2024-04-30
33. BANK AMER CORP COM   2021-05-14 2024-11-27
49. BANK AMER CORP COM   2021-05-14 2024-12-03
1. BLACKROCK INCORPORATED CLASS A   2021-05-14 2024-04-30
6773.22 BLACKROCK EVENT DRIVEN EQ FD CL I   2021-05-14 2024-04-30
844.276 BLACKROCK EVENT DRIVEN EQ FD CL I     2024-12-03
146.075 BLACKROCK EVENT DRIVEN EQ FD CL I   2021-05-14 2024-12-03
1. BLACKROCK INC   2021-05-14 2024-11-27
2. BLACKROCK INC   2021-05-14 2024-12-03
1. BOOKING HOLDINGS INC   2021-05-14 2024-12-03
1. BROADCOM INC   2021-05-14 2024-04-30
23. BROADCOM INC   2021-05-14 2024-12-03
21. CMS ENERGY CORP COMMON STOCK   2021-10-08 2024-04-30
7. CMS ENERGY CORP COMMON STOCK   2021-10-08 2024-11-27
14. CMS ENERGY CORP COMMON STOCK   2021-10-08 2024-12-03
97. CVS CORP COMMON   2023-12-14 2024-04-03
264. CVS CORP COMMON     2024-04-03
1042.378 FT BHVRL SM CAP GRW-R6   2024-06-11 2024-11-27
141.841 FT BHVRL SM CAP GRW-R6   2024-06-11 2024-12-03
4. CHEVRONTEXACO CORP   2022-11-03 2024-04-30
9. CHEVRONTEXACO CORP   2022-11-03 2024-11-27
8. CHEVRONTEXACO CORP   2022-11-03 2024-12-03
20. CISCO SYS INC COM   2021-05-14 2024-04-30
20. CISCO SYS INC COM   2021-05-14 2024-12-03
3360.48 COLUMBIA OVERSEAS VALUE-I3   2021-05-28 2024-12-03
484. COMCAST CORP   2021-05-14 2024-08-29
1. COSTCO WHOLESALE CORPORATION   2021-05-14 2024-04-30
2. COSTCO WHOLESALE CORPORATION   2021-05-14 2024-11-27
4. COSTCO WHOLESALE CORPORATION   2021-05-14 2024-12-03
4. DANAHER CORPORATION   2021-05-14 2024-04-30
5. DANAHER CORPORATION   2021-05-14 2024-11-27
6. DANAHER CORPORATION   2021-05-14 2024-12-03
5. DEERE & CO COM     2024-11-27
3. DEERE & CO COM   2023-09-14 2024-12-03
8. WALT DISNEY CO COM   2022-08-13 2024-04-30
14. WALT DISNEY CO COM     2024-11-27
10. WALT DISNEY CO COM   2022-08-03 2024-12-03
5. EOG RESOURCES INCORPORATED   2021-05-14 2024-04-30
12. EOG RESOURCES INCORPORATED   2021-05-14 2024-11-27
10. EOG RESOURCES INCORPORATED   2021-05-14 2024-12-03
3. META PLATFORMS, INC-A   2023-02-21 2024-04-30
7. META PLATFORMS, INC-A   2023-02-21 2024-12-03
199.864 HARBOR LG-CAP VALUE FD CL RET   2021-05-29 2024-04-30
2. HOME DEPOT INC COM   2021-05-14 2024-04-30
3. HOME DEPOT INC COM   2021-05-14 2024-11-27
5. HOME DEPOT INC COM   2021-05-14 2024-12-03
280.147 T ROWE PRICE LG-CAP GR FD CL I     2024-12-03
18. ISHARES RUSSELL 1000 VALUE ETF   2022-03-25 2024-04-30
69. ISHARES RUSSELL 1000 VALUE ETF   2022-03-25 2024-12-03
26. ISHARES RUSSELL 1000 GROWTH ETF   2022-07-29 2024-04-30
42. ISHARES RUSSELL 1000 GROWTH ETF   2022-07-29 2024-12-03
301. ISHARES RUSSELL 2000 VALUE ETF     2024-11-27
35. ISHARES RUSSELL 2000 VALUE ETF   2023-12-22 2024-12-03
73. ISHARES MSCI USA QUALITY FACTOR ETF   2023-01-03 2024-04-30
120. ISHARES MSCI USA QUALITY FACTOR ETF   2023-01-03 2024-12-03
1370. ISHARES CORE MSCI EAFE ETF     2024-02-12
14. ISHARES CORE MSCI EAFE ETF   2018-10-17 2024-04-30
613. ISHARES CORE MSCI EAFE ETF   2018-10-17 2024-07-22
2898. ISHARES CORE MSCI EMERGING     2024-02-12
35. ISHARES CORE MSCI EMERGING   2018-10-17 2024-04-30
12. J P MORGAN CHASE & CO COM   2019-04-01 2024-04-30
7. J P MORGAN CHASE & CO COM   2019-04-01 2024-11-27
15. J P MORGAN CHASE & CO COM   2019-04-01 2024-12-03
89. JOHNSON & JOHNSON COMMON ~   2019-04-01 2024-10-03
1. ELI LILLY & CO COMMON ~   2024-04-03 2024-04-30
4. ELI LILLY & CO COMMON ~   2024-10-03 2024-12-03
2. LOCKHEED MARTIN CORP COMMON   2019-04-01 2024-11-27
2. LOCKHEED MARTIN CORP COMMON   2019-04-01 2024-12-03
524.416 NYLI PINESTONE US EQUITY P   2024-06-07 2024-12-03
2. MASTERCARD INC CL A   2021-05-14 2024-04-30
3. MASTERCARD INC CL A   2021-05-14 2024-11-27
4. MASTERCARD INC CL A   2021-05-14 2024-12-03
4. MCDONALD'S CORP COM   2021-05-14 2024-04-30
3. MCDONALD'S CORP COM   2021-05-14 2024-12-03
6. MERCK & CO INC   2021-05-14 2024-04-30
6. MERCK & CO INC   2021-05-14 2024-11-27
9. MERCK & CO INC   2021-05-14 2024-12-03
4214.898 METWEST TOTAL RETURN BOND FD CL I   2021-05-14 2024-07-01
7. MICROSOFT CORP COMMON   2021-05-14 2024-04-30
10. MICROSOFT CORP COMMON   2021-05-14 2024-11-27
18. MICROSOFT CORP COMMON   2021-05-14 2024-12-03
11. MORGAN ST DEAN WITTER DISCOV   2023-12-14 2024-11-27
8. MORGAN ST DEAN WITTER DISCOV   2023-12-14 2024-12-03
3. NVIDIA CORP   2022-10-03 2024-04-30
89. NVIDIA CORP   2022-10-03 2024-12-03
197. OMNICON GROUP   2021-05-14 2024-08-02
6. ORACLE CORPORATION   2021-05-14 2024-11-27
8. ORACLE CORPORATION   2021-05-14 2024-12-03
14. PAYPAL HOLDINGS INC   2022-08-03 2024-04-30
261. PAYPAL HOLDINGS INC   2022-08-03 2024-05-24
5. PEPSICO INC COMMON ~   2019-04-01 2024-11-27
3. PEPSICO INC COMMON ~   2019-04-01 2024-12-03
4. SHERWIN-WILLIAMS CO COMMON   2021-05-14 2024-11-27
2. SHERWIN-WILLIAMS CO COMMON   2021-05-14 2024-12-03
8. TARGET CORP COM   2022-08-03 2024-11-27
5. TARGET CORP COM   2022-08-03 2024-12-03
8. TESLA INC.   2023-05-26 2024-11-27
2. TESLA INC.   2023-05-26 2024-12-03
4. UNION PACIFIC CORPORATION   2021-05-14 2024-04-30
3. UNION PACIFIC CORPORATION   2021-05-14 2024-11-27
8. UNITED PARCEL SERVICE INC CLASS B   2022-11-03 2024-11-27
2. UNITEDHEALTH GROUP INC   2024-10-03 2024-12-03
1580.377 VIRTUS KAR SMALL-CAP GROWTH I     2024-06-11
2867.533 VIRTUS KAR SMALL-CAP GROWTH I     2024-06-11
5346.159 WILMINGTON GLOBAL ALPHA EQUITIES FD   2021-05-14 2024-04-30
755.239 WILMINGTON GLOBAL ALPHA EQUITIES FD   2021-05-14 2024-12-03
339.933 WILMINGTON INTERNATIONAL FUND-I   2021-04-22 2024-04-30
2. ACCENTURE PLC- CL A   2021-05-14 2024-04-30
1. ACCENTURE PLC- CL A   2021-05-14 2024-11-27
1. ACCENTURE PLC- CL A   2021-05-14 2024-12-03
22. JOHNSON CONTROLS INTERNATIONAL PLC   2021-05-14 2024-04-30
8. JOHNSON CONTROLS INTERNATIONAL PLC   2021-05-14 2024-11-27
9. JOHNSON CONTROLS INTERNATIONAL PLC   2021-05-14 2024-12-03
13. NVENT ELECTRIC PLC   2024-05-24 2024-12-03
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(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 1,662   1,706 -44
b 36,228   31,475 4,753
c 6,899   6,049 850
d 744   673 71
e 836   673 163
1,048   865 183
811   733 78
1,824   1,465 359
515   516 -1
1,026   1,032 -6
5,763   5,317 446
667   593 74
332   296 36
1,344   1,481 -137
219,237   220,696 -1,459
2,325   832 1,493
2,221   773 1,448
3,977   1,368 2,609
1,614   1,441 173
2,685   2,082 603
5,975   4,483 1,492
1,490   1,480 10
602   522 80
586   522 64
1,251   1,477 -226
835   985 -150
605   443 162
646   443 203
1,786   1,182 604
530   397 133
15,871   11,897 3,974
3,645   2,655 990
11,596   6,068 5,528
571   595 -24
954   793 161
918   793 125
5,367   7,651 -2,284
1,232   1,397 -165
1,576   1,397 179
2,300   2,074 226
758   854 -96
67,529   69,629 -2,100
8,662   8,299 363
1,499   1,502 -3
1,021   854 167
2,082   1,707 375
5,217   2,272 2,945
1,312   438 874
3,840   1,006 2,834
1,279   1,211 68
495   404 91
965   808 157
7,186   7,271 -85
19,557   16,825 2,732
52,786   44,906 7,880
7,302   6,111 1,191
653   720 -67
1,464   1,619 -155
1,299   1,439 -140
941   1,055 -114
1,187   1,055 132
37,839   36,965 874
19,231   28,132 -8,901
721   383 338
1,928   765 1,163
3,902   1,531 2,371
984   902 82
1,201   1,128 73
1,443   1,353 90
2,328   2,094 234
1,381   1,223 158
890   891 -1
1,649   1,534 115
1,165   1,086 79
667   410 257
1,600   984 616
1,321   820 501
1,298   521 777
4,237   1,216 3,021
4,399   4,459 -60
668   648 20
1,281   972 309
2,135   1,620 515
24,723   18,340 6,383
3,104   2,993 111
13,664   11,474 2,190
8,477   6,315 2,162
16,934   10,201 6,733
54,303   49,430 4,873
6,275   5,475 800
11,530   8,365 3,165
22,308   13,751 8,557
95,998   89,798 6,200
1,008   852 156
45,617   37,295 8,322
144,621   145,751 -1,130
1,811   1,712 99
2,315   1,241 1,074
1,746   724 1,022
3,689   1,551 2,138
14,317   12,417 1,900
778   786 -8
3,254   3,553 -299
1,054   608 446
1,042   608 434
10,567   9,455 1,112
906   727 179
1,597   1,091 506
2,111   1,454 657
1,094   926 168
880   694 186
779   451 328
618   451 167
920   677 243
37,344   45,887 -8,543
2,768   1,729 1,039
4,238   2,470 1,768
7,748   4,447 3,301
1,437   1,001 436
1,048   728 320
2,605   370 2,235
12,379   1,097 11,282
18,028   16,417 1,611
1,097   471 626
1,454   628 826
956   1,383 -427
16,107   25,776 -9,669
815   611 204
487   367 120
1,581   1,152 429
789   576 213
1,039   1,347 -308
653   842 -189
2,654   1,567 1,087
701   392 309
951   911 40
739   683 56
1,086   1,319 -233
1,217   1,181 36
49,118   51,812 -2,694
89,123   98,357 -9,234
67,522   64,902 2,620
10,309   9,169 1,140
3,039   3,573 -534
602   576 26
361   288 73
350   288 62
1,434   1,429 5
671   520 151
746   585 161
1,014   1,108 -94
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
      72,532
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       -44
b       4,753
c       850
d       71
e       163
      183
      78
      359
      -1
      -6
      446
      74
      36
      -137
      -1,459
      1,493
      1,448
      2,609
      173
      603
      1,492
      10
      80
      64
      -226
      -150
      162
      203
      604
      133
      3,974
      990
      5,528
      -24
      161
      125
      -2,284
      -165
      179
      226
      -96
      -2,100
      363
      -3
      167
      375
      2,945
      874
      2,834
      68
      91
      157
      -85
      2,732
      7,880
      1,191
      -67
      -155
      -140
      -114
      132
      874
      -8,901
      338
      1,163
      2,371
      82
      73
      90
      234
      158
      -1
      115
      79
      257
      616
      501
      777
      3,021
      -60
      20
      309
      515
      6,383
      111
      2,190
      2,162
      6,733
      4,873
      800
      3,165
      8,557
      6,200
      156
      8,322
      -1,130
      99
      1,074
      1,022
      2,138
      1,900
      -8
      -299
      446
      434
      1,112
      179
      506
      657
      168
      186
      328
      167
      243
      -8,543
      1,039
      1,768
      3,301
      436
      320
      2,235
      11,282
      1,611
      626
      826
      -427
      -9,669
      204
      120
      429
      213
      -308
      -189
      1,087
      309
      40
      56
      -233
      36
      -2,694
      -9,234
      2,620
      1,140
      -534
      26
      73
      62
      5
      151
      161
      -94
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 172,114
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 3,991
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 3,991
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 3,991
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,500
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 1,500
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 2,491
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 arrowDE, VA
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 arrowFulton Owen Foundation, c/o Wilmington Trust Telephone no.right arrow (571) 289-5699

Located atright arrowPO BOX 70WILMINGTONDE ZIP+4right arrow19899
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Michael Owen Director
20 		0    
15501 Sultree Dr
Midlothian,VA23112
Jennie F Owen Director
10 		0    
5306 Nassawango Rd
Snow Hill,MD21863
Albert W Owen Jr Director
10 		0    
5306 Nassawango Rd
Snow Hill,MD21863
Lindsey O Xu Director
10 		0    
3310 N Davidson St Unit 486
Charlotte,NC28205
Rebecca D Owen Director
10 		0    
15501 Sultree Dr
Midlothian,VA23112
Jack Xu Director
10 		0    
3310 N Davidson St Unit 486
Charlotte,NC28205
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
6,159,899
b
Average of monthly cash balances.......................
1b
108,445
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
6,268,344
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
6,268,344
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
94,025
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,174,319
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
308,716
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
308,716
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
3,991
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,991
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
304,725
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
304,725
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
304,725
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
276,000
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
276,000
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 7 304,725
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 274,505
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$ 276,000
a Applied to 2023, but not more than line 2a 274,505
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..... 1,495
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 .......... 		303,230
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).)
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.
NONE
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:
Michael Owen
15501 Sultree Dr
Midlothian,VA23112
(571) 289-5699
fultonowenfoundation@gmail.com
bThe form in which applications should be submitted and information and materials they should include:
Letters Requesting The Grant Amount, and supporting Documentation regarding the purpose and cause
cAny submission deadlines:
12/31
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
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

AMERICAN RED CROSS

PO BOX 37839
BOONE,IA500370839 		NONE PC GENERAL 69,000

KIDS FIRST OF THE CAROLINAS

PO BOX 77936
CHARLOTTE,NC28271 		NONE PC GENERAL 69,000

SAMARITAN'S PURSE

PO BOX 3000
BOONE,NC28607 		NONE PC GENERAL 69,000

NORTH CAROLINA COMMUNITY FOUNDATION

3737 GLENWOOD AVE SUITE 460
RALEIGH,NC27612 		NONE PC GENERAL 69,000
Total .................................right arrow 3a 276,000
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 5,414  
4 Dividends and interest from securities ....     14 143,647  
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 ............ 		    18 172,114  
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) ..   321,175  
13Total. Add line 12, columns (b), (d), and (e)..................
13
321,175
(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 InvestmentsCorpBondsSchedule
Name:
FULTON OWEN FOUNDATION 139990-000
EIN:
26-2199366
Name of Bond End of Year Book Value End of Year Fair Market Value
24524282 AMERICAN BEACON SIM H    
4812C0159 JPMORGAN MTG-BACKED 108,683 104,261
592905509 METWEST TOTAL RETURN 377,097 346,082
97181C811 WILMINGTON BROAD MAR 355,518 321,146
024524282 AMERICAN BEACON SIM 184,615 184,664

TY 2024 InvestmentsCorpStockSchedule
Name:
FULTON OWEN FOUNDATION 139990-000
EIN:
26-2199366
Name of Stock End of Year Book Value End of Year Fair Market Value
00171A852 AMG RIVER RD SM-CAP 86,850 90,010
00724F101 ADOBE INC 15,381 14,230
01878T848 AB CONCENTRATED GR F    
02079K107 ALPHABET INC CL C 23,963 76,747
03027X100 AMERICAN TOWER CORP 18,465 13,756
09247X101 BLACKROCK INC    
09250J734 BLACKROCK EVENT DRIV 136,034 135,199
09857L108 BOOKING HOLDINGS INC 11,361 24,842
11135F101 BROADCOM INC 11,682 61,901
125896100 CMS ENERGY CORP COM 13,439 15,529
126650100 CVS HEALTH CORPORATI    
166764100 CHEVRON CORP 21,574 24,478
17275R102 CISCO SYSTEMS INC 13,034 14,622
19766P868 COLUMBIA OVERSEAS VA 412,853 403,490
20002101 ALLSTATE CORP    
20030N101 COMCAST CORP NEW A    
22160K105 COSTCO WHOLESALE COR 19,515 46,730
23135106 AMAZON.COM INC    
235851102 DANAHER CORP COM 27,745 28,235
254687106 WALT DISNEY CO 29,645 32,292
25537101 AMERICAN ELECTRIC POW    
26875P101 EOG RESOURCES INC CO 17,052 25,497
32654105 ANALOG DEVICES INC    
36752103 ELEVANCE HEALTH INC    
37833100 APPLE INC    
411512478 HARBOR LG-CAP VALUE 269,798 264,619
437076102 HOME DEPOT INC COM 24,944 29,952
45775L408 T ROWE PRICE LG-CAP 175,734 213,214
461418444 WCM FOCUSED INT'L GR 361,425 334,227
464287598 ISHARES RUSSELL 1000 228,530 267,883
464287614 ISHARES RUSSELL 1000 221,556 328,492
464287887 ISHARES S&P SM-CAP 6    
464288877 ISHARES MSCI EAFE VA    
46432F842 ISHARES CORE MSCI EA 25,776 30,150
46434G103 ISHARES CORE MSCI EM 69,674 75,719
46625H100 JPMORGAN CHASE & CO 28,025 64,961
478160104 JOHNSON & JOHNSON    
53484101 AVALONBAY COMMUNITIES    
539830109 LOCKHEED MARTIN CORP 10,334 16,522
56823396 BAILLIE GIFFORD EMERG    
57636Q104 MASTERCARD INC CL A 28,723 41,599
580135101 MCDONALD'S CORPORATI 9,489 11,885
58933Y105 MERCK & CO INC 10,909 14,425
59156R108 METLIFE INC    
594918104 MICROSOFT CORP 71,886 122,657
60505104 BANK AMER CORP    
67066G104 NVIDIA CORP COM 16,632 110,252
681919106 OMNICOM GROUP INC CO    
68389X105 ORACLE CORPORATION C 9,258 19,664
7.55E+105 RAYTHEON TECHNOLOGIE    
70450Y103 PAYPAL HOLDINGS INC    
713448108 PEPSICO INC COM 8,678 10,796
717081103 PFIZER INC    
742718109 PROCTER & GAMBLE CO 16,612 16,765
8.76E+110 TARGET CORP COM    
824348106 SHERWIN WILLIAMS CO 14,973 17,676
907818108 UNION PACIFIC CORP C 12,756 12,770
911312106 UNITED PARCEL SERVIC 15,667 11,980
9158106 AIR PRODUCTS & CHEMICA    
92828N593 VIRTUS KAR SMALL-CAP    
97181C332 WILMINGTON GLOBAL AL 133,006 136,943
97181C431 WILMINGTON REAL ASSE 171,954 151,879
97181C787 WILMINGTON INTERNATI 447,520 391,360
G1151C101 ACCENTURE PLC- CL A 13,538 16,534
G51502105 JOHNSON CONTROLS INT 13,969 16,970
G5960L103 MEDTRONIC PLC    
G96629103 WILLIS TOWERS WATSON    
00287Y109 ABBVIE INC 15,969 19,369
244199105 DEERE & CO COMMON 25,521 27,117
2824100 ABBOTT LABORATORIES    
30303M102 META PLATFORMS, INC- 20,347 46,255
464287630 ISHARES RUSSELL 2000 106,653 112,292
46432F339 ISHARES MSCI USA QUA 190,906 296,681
617446448 MORGAN STANLEY GROUP 14,190 19,612
8.7611999999 TARGET CORP COM    
88160R101 TESLA INC. 17,632 36,346
060505104 BANK AMER CORP 41,566 43,159
037833100 APPLE INC 63,968 126,713
053484101 AVALONBAY COMMUNITIE 19,580 21,997
87612E106 TARGET CORP COM 17,412 17,033
002824100 ABBOTT LABORATORIES 17,786 20,925
009158106 AIR PRODUCTS & CHEMI 11,265 11,022
036752103 ELEVANCE HEALTH INC    
023135106 AMAZON.COM INC 56,288 81,613
032654105 ANALOG DEVICES INC 16,404 23,583
056823396 BAILLIE GIFFORD EMER 176,730 136,934
025537101 AMERICAN ELECTRIC PO 13,058 13,835
09290D101 BLACKROCK INC 22,196 26,653
00770X675 PZENA EMERG MKTS VAL 70,729 71,128
14064D774 FT BHVRL SM CAP GRW- 94,692 105,814
56065F282 NYLI PINESTONE US EQ 151,473 159,804
91324P102 UNITEDHEALTH GROUP I 20,107 17,705
532457108 ELI LILLY & CO 29,578 28,564
G6700G107 NVENT ELECTRIC PLC 15,424 12,337

TY 2024 OtherDecreasesSchedule
Name:
FULTON OWEN FOUNDATION 139990-000
EIN:
26-2199366
Description Amount
2024 TRANSACTION POSTED IN 2025 9,730
ADJUSTMENT TO INCOME 4
RETURN OF CAPITAL 1,347
ROUNDING ADJUSTMENT 2


TY 2024 OtherIncreasesSchedule
Name:
FULTON OWEN FOUNDATION 139990-000
EIN:
26-2199366
Description Amount
2023 TRANSACTION POSTED IN 2024 4,411
TY23 WASH SALE ADJ. IN JAN. 2024 217


TY 2024 OtherProfessionalFeesSchedule
Name:
FULTON OWEN FOUNDATION 139990-000
EIN:
26-2199366
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 30,689 30,689    


TY 2024 TaxesSchedule
Name:
FULTON OWEN FOUNDATION 139990-000
EIN:
26-2199366
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAYMENT - PRIOR YE 248 0   0
FEDERAL ESTIMATES - PRINCIPAL 1,500 0   0
FOREIGN TAXES ON QUALIFIED FOR 2,587 2,587   0
FOREIGN TAXES ON NONQUALIFIED 781 781   0