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
THE CHARTER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 919798
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ORLANDO, FL328919798
A Employer identification number

58-2144961
B Telephone number (see instructions)

(706) 645-3210
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$8,877,349J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 8,100 8,100  
4 Dividends and interest from securities... 190,455 190,455  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,183,709
b Gross sales price for all assets on line 6a 6,867,514
7 Capital gain net income (from Part IV, line 2)... 1,183,709
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........ 1,382,264 1,382,264  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 49,377 23,639   25,738
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
9,000 0 0 9,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,750 2,750   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
7,100 2,806   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)....... Click to see attachment
List of Attached Documents:
// Content
17,437     17,437
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 85,664 29,195 0 52,175
25 Contributions, gifts, grants paid....... 445,730 445,730
26 Total expenses and disbursements. Add lines 24 and 25 531,394 29,195 0 497,905
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 850,870
b Net investment income (if negative, enter -0-) 1,353,069
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............. 91,576 156,948 156,948
2 Savings and temporary cash investments......... 164,022 90,032 90,032
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 135,000    
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)....... 6,749,537    
c Investments—corporate bonds (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
1,522,845 		1,514,019
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow   7,680    
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment
List of Attached Documents:
// Content
6,246,578 		7,116,350
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) 7,147,815 8,016,403 8,877,349
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........ 7,147,815 8,016,403
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)..... 7,147,815 8,016,403
30 Total liabilities and net assets/fund balances (see instructions). 7,147,815 8,016,403
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
7,147,815
2
Enter amount from Part I, line 27a .....................
2
850,870
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
19,610
4
Add lines 1, 2, and 3 ..........................
4
8,018,295
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,892
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,016,403
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 8287. VANGUARD TOTAL STOCK MARKET ETF   2019-09-05 2024-02-15
b 3163. INVESCO S&P 500 EQUAL WEIGHT ETF   2023-06-27 2024-02-20
c 24396.645 DFA INTERNATIONAL CORE EQUITY 2   2015-11-16 2024-04-16
d 85822.968 FED HER INTER STR VAL DVD-R6   2022-03-15 2024-04-17
e 4748.879 INVESCO SMALL CAP GROWTH-R6     2024-06-27
2038. INVESCO S&P 500 EQUAL WEIGHT ETF   2023-06-27 2024-08-20
206.71 VANGUARD INST INDEX-INST   2024-08-20 2024-11-15
32147.623 BLACKROCK EVENT DRIVEN EQ-IS   2020-04-20 2024-12-27
129.543 CONESTOGA SMALL CAP-INST   2024-06-27 2024-12-27
6164.405 DFA EMERG MKTS CORE EQTY 2   2022-03-07 2024-12-27
2753.872 DFA US S/C VALUE PORTFOLIO   2021-01-08 2024-12-27
1319.208 EATON VANCE-ATLANTA SMID-R6     2024-12-27
1043.767 FPA CRESCENT FUND-SUPR INST   2019-03-04 2024-12-27
30454.361 OSTERWEIS STRATEGIC INC FD I     2024-12-27
6023. VANGUARD TOTAL BOND MARKET ETF     2024-12-27
26589.133 VANGUARD DEVELOPED MKTS INDEX -127   2024-04-17 2024-12-27
2082.168 VANGUARD INST INDEX-INST     2024-12-27
1. OTHER INVESTMENTS   1985-01-01 2024-12-31
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 2,058,557   1,255,490 803,067
b 504,463   466,150 38,313
c 376,196   279,830 96,366
d 300,380   319,261 -18,881
e 171,007   202,423 -31,416
349,392   300,352 49,040
100,000   95,357 4,643
321,155   304,759 16,396
10,414   9,242 1,172
144,432   142,274 2,158
133,370   101,177 32,193
55,974   43,537 12,437
42,283   34,215 8,068
341,089   318,337 22,752
432,620   504,322 -71,702
411,068   408,409 2,659
1,026,176   890,990 135,186
9,895   7,680 2,215
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
      79,043
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       803,067
b       38,313
c       96,366
d       -18,881
e       -31,416
      49,040
      4,643
      16,396
      1,172
      2,158
      32,193
      12,437
      8,068
      22,752
      -71,702
      2,659
      135,186
      2,215
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,183,709
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 18,808
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 18,808
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 18,808
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 19,146
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.............. Part VI Line 7 - Tax Paid with the Original Return: 17920 7 19,146
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 80
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 258
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 258
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 arrowAL
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 arrowCHARTERFOUNDATION.NET
14
The books are in care ofright arrowBONNIE F BONNER Telephone no.right arrow (706) 645-3210

Located atright arrow507 DENSON STREETVALLEYAL ZIP+4right arrow36854
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
TRUIST BANK NA TRUSTEE
1 		47,277    
P O BOX 919798
ORLANDO,FL32891
ROBERT L JOHNSON PRESIDENT
1 		0    
671 LAKEWOOD DRIVE
LAGRANGE,GA30240
BONNIE F BONNER SECRETARY
1 		1,100    
507 DENSON STREET
VALLEY,AL36854
WILLIAM C GLADDEN VICE PRESIDENT
1 		1,000    
125 HILLCREST ROAD
WEST POINT,GA31833
LAURA SMITH DIRECTOR
1 		0    
849 LAKEWOOD DRIVE
LAGRANGE,GA30240
NANCY DURAND DIRECTOR
1 		0    
631 COUNTRY CLUB RD
LAGRANGE,GA30240
TOMMY WHITWORTH TREASURY
1 		0    
3469 WEST POINT ROAD
LAGRANGE,GA30240
LESLIE SMITH DIRECTOR
1 		0    
1654 COUNTY ROAD 548
LANETT,AL36862
CHARLES STORY DIRECTOR
1 		0    
1304 26TH STREET
VALLEY,AL36854
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 GREAT FIRST IMPRESSIONS PROGRAM 14,005
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
8,367,172
b
Average of monthly cash balances.......................
1b
235,802
c
Fair market value of all other assets (see instructions)................
1c
99,205
d
Total (add lines 1a, b, and c).........................
1d
8,702,179
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
8,702,179
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
130,533
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,571,646
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
428,582
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
428,582
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
18,808
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
18,808
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
409,774
4
Recoveries of amounts treated as qualifying distributions................
4
17,413
5
Add lines 3 and 4............................
5
427,187
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
427,187
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
497,905
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
497,905
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 7 427,187
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 202,168
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$ 497,905
a Applied to 2023, but not more than line 2a 202,168
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..... 295,737
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 .......... 		131,450
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).)
NA
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.
NA
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:
BONNIE BONNER
507 DENSON STREET
VALLEY,AL36854
(706) 645-3210
bThe form in which applications should be submitted and information and materials they should include:
SEE ATTACHED
cAny submission deadlines:
AUGUST 1
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SPECIFIC GEOGRAPHICAL ARES IN ALABAMA & GEORGIA.
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

TROUP COUNTY SCHOOL SYSTEM

100 NORTH DAVIS RD
LAGRANGE,GA30241 		NONE GOV GENERAL OPERATING 35,000

KIWANIS CLUB OF VALLEY

300 WEST 10TH STREET
WEST POINT,GA31833 		NONE PC GENERAL OPERATING 5,000

CHAMBERS COUNTY SHERIFF

2 SOUTH LAFAYETTE STREET
LAFAYETTE,AL36862 		NONE GOV GENERAL OPERATING 1,830

CHAMBERS COUNTY COMMISSION

2 SOUTH LAFAYETTE STREET
LAFAYETTE,AL36862 		NONE GOV GENERAL OPERATING 2,500

POINT UNIVERSITY

507 W 10TH STREET
WEST POINT,GA31833 		NONE PC GENERAL OPERATING 135,000

KIERRA TRAMMELL CO SOUTHERN UNION STATE
COMMUNITY COLLEGE
301 LAKE CONDY RD
OPELIKA,AL36801 		NONE I SCHOLARSHIP 2,000

MICHAEL J MOTIN
C/O COLUMBUS STATE UNIVERSITY
4225 UNIVERSITY AVE
COLUMBUS,GA31907 		NONE I SCHOLARSHIP 2,000

DANASIA THOMAS CO TALLADEGA COLLEGE

627 BATTEL ST W
TALLADEGA,AL35160 		NONE I SCHOLARSHIP 2,000

ROSA GOMEZ CO GEORGIA STATE UNIVERSITY

33 GILMER ST SE
ATLANTA,GA30303 		NONE I SCHOLARSHIP 2,000

SHYIEM MCCALL CO KENNESAW STATE
UNIVERSITY
1000 CHASTAIN RD
KENNESAW,GA30144 		NONE I SCHOLARSHIP 2,000

BAILEY HANEY CO TROY UNIVERSITY

600 UNIVERSITY AVE
TROY,AL36082 		NONE I SCHOLARSHIP 2,000

HARMONY HOUSE DOMESTIC VIOLENCE
SHELTER INC
P O BOX 2925
LAGRANGE,GA30241 		NONE PC GENERAL OPERATING 2,000

CHATTAHOOCHEE VALLEY EDUCATIONAL
FOUNDATION
1814 CHERRY DRIVE
LANETT,AL36863 		NONE PC GENERAL OPERATING 15,000

CHAMBERS CO COUNCIL FOR NEGLECTED
& DEPENDENT CHILDREN & YOUTH INC
14 MEDICAL PARK
VALLEY,AL36854 		NONE PC GENERAL OPERATING 30,000

CALUMET CENTER FOR HEALING AND
ATTACHMENT INC
150 LUKKEN INDUSTRIAL DRIVE EAST
LAGRANGE,GA30241 		NONE PC GENERAL OPERATING 5,000

HILLSIDE MONTESSORI OF LAGRANGE

P O BOX 4683
LAGRANGE,GA30241 		NONE PC GENERAL OPERATING 50,000

SLEEP IN HEAVENLY PEACE

P O BOX 800312
LAGRANGE,AL30240 		NONE PC GENERAL OPERATING 5,000

FIRST PRESBYTERIAN CHURCH OF LAGRANGE

120 BROAD ST
LAGRANGE,GA30240 		NONE PC GENERAL OPERATING 20,000

TWIN CEDARS YOUTH AND FAMILY
SERVICES INC
1022 E DEPOT STREET
LAGRANGE,GA30241 		NONE PC GENERAL OPERATING 17,000

FEEDING THE VALLEY INC

P O BOX 8904
COLUMBUS,GA31908 		NONE PC GENERAL OPERATING 4,000

CHIPLEY HISTORICAL CENTER
PINE MOUNTAIN
P O BOX 1055 146 N MCDOUGALD AVE
PINE MOUNTAIN,GA31822 		NONE PC GENERAL OPERATING 5,000

CHATTAHOOCHEE RIVERKEEPER

300 KINGFISHER LANE
LAGRANGE,GA30240 		NONE PC GENERAL OPERATING 15,000

INTERFAITH FOOD CLOSET

P O BOX 541
LANETT,AL36863 		NONE PC GENERAL OPERATING 4,000

SAV-A-LIFE LANETT-VALLEY INC

711 NORTH 4TH AVENUE
LANETT,AL36863 		NONE PC GENERAL OPERATING 20,000

NEW HORIZON COMMUNITY THEATER INC

P O BOX 131
WEST POINT,GA31833 		NONE PC GENERAL OPERATING 20,000

CHATTAHOOCHEE EARLY LEARNING ACADEMY INC

1122 O G SKINNER DR
WEST POINT,GA31833 		NONE PC GENERAL OPERATING 9,900

PANTHERS WITH PASSION

P O BOX 33
LANETT,AL36863 		NONE PC GENERAL OPERATING 7,500

CLOCKWORK YOUTH ACADEMY

100 SOUTHERN DRIVE
LAGRANGE,GA30240 		NONE PC GENERAL OPERATING 25,000
Total .................................right arrow 3a 445,730
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 8,100  
4 Dividends and interest from securities ....     14 190,455  
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 1,183,709  
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) ..   1,382,264  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,382,264
(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:  
Part VI Line 7 - Tax Paid with the Original Return: 17,920


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE CHARTER FOUNDATION INC
EIN:
58-2144961
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 9,000     9,000

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE CHARTER FOUNDATION INC
EIN:
58-2144961
Name of Bond End of Year Book Value End of Year Fair Market Value
19765M213 COLUMBIA SHORT TERM 455,610 445,201
464287226 ISHARES CORE US AGGR 355,643 356,011
543495717 LOOMIS SAYLES BOND F 711,592 712,807

TY 2024 InvestmentsOtherSchedule2
Name:
THE CHARTER FOUNDATION INC
EIN:
58-2144961
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
04314H857 ARTISAN INTERNATIONA AT COST 400,271 395,478
207019704 CONESTOGA SMALL CAP AT COST 155,758 173,574
233203421 DFA EMERGING MARKETS AT COST 168,774 175,265
233203819 DFA US SMALL CAP VAL AT COST 132,258 174,628
256210105 DODGE & COX INCOME F AT COST 697,930 713,004
277902235 EATON VANCE ATLANTA AT COST 110,855 261,988
30254T676 FPA CRESCENT FD AT COST 251,424 308,718
316146265 FIDELITY MID CAP IND AT COST 477,030 525,163
362014458 GMO BENCHMARK-FREE A AT COST 311,322 311,201
412295107 HARDING LOEVNER INTL AT COST 400,271 396,871
540132305 LOCORR MACRO STRATEG AT COST 177,900 177,445
921943809 VANGUARD DEVELOPED M AT COST 265,557 265,557
922040100 VANGUARD INSTL INDEX AT COST 2,697,228 3,237,458

TY 2024 OtherDecreasesSchedule
Name:
THE CHARTER FOUNDATION INC
EIN:
58-2144961
Description Amount
2024 TRANSACTIONS POSTED IN 2025 1,886
ROUNDING 6


TY 2024 OtherExpensesSchedule
Name:
THE CHARTER FOUNDATION INC
EIN:
58-2144961
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE EXPENSE 1,145 0   1,145
GREAT FIRST IMPRESSIONS PROGRA 14,005 0   14,005
OFFICE SUPPLIES 183 0   183
INTERNET EXPENSE 1,150 0   1,150
MISC EXPENSES 954 0   954


TY 2024 OtherIncreasesSchedule
Name:
THE CHARTER FOUNDATION INC
EIN:
58-2144961
Description Amount
2023 TRANSACTIONS POSTED IN 2024 2,197
RECOVERY OF PRIOR YEAR GRANTS 17,413


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

TY 2024 OtherNotesLoansRcvblLongSch
Name:
THE CHARTER FOUNDATION INC
EIN:
58-2144961

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
POINT UNIVERSITY             0 %        

TY 2024 OtherProfessionalFeesSchedule
Name:
THE CHARTER FOUNDATION INC
EIN:
58-2144961
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVISORY FEES 2,750 2,750    


TY 2024 TaxesSchedule
Name:
THE CHARTER FOUNDATION INC
EIN:
58-2144961
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAYMENT - PRIOR YE 3,068 0   0
FEDERAL ESTIMATES - PRINCIPAL 1,226 0   0
FOREIGN TAXES ON QUALIFIED FOR 2,041 2,041   0
FOREIGN TAXES ON NONQUALIFIED 765 765   0