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
DANVILLE REGIONAL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)512 BRIDGE STREET 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DANVILLE, VA24541
A Employer identification number

20-3319727
B Telephone number (see instructions)

(434) 799-2176
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$281,905,646J 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) 5,051
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 5,179,068 5,179,304  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,839,477
b Gross sales price for all assets on line 6a 108,615,145
7 Capital gain net income (from Part IV, line 2)... 10,827,771
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
334,823 207,703  
12 Total. Add lines 1 through 11........ 16,358,419 16,214,778  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 544,341 60,705   483,636
14 Other employee salaries and wages...... 561,376 6,803   529,577
15 Pension plans, employee benefits....... 365,566 11,630   357,449
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
69,486 30,880   7,003
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
58,760 11,990   41,370
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,369,312 2,147,862   255,573
17 Interest............... 36,838 19,579   17,258
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
368,579 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
61,640 0  
20 Occupancy.............. 28,914 12,684   16,230
21 Travel, conferences, and meetings....... 94,946 0   94,946
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
661,275 164,892   346,045
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,221,033 2,467,025   2,149,087
25 Contributions, gifts, grants paid....... 6,599,005 11,242,040
26 Total expenses and disbursements. Add lines 24 and 25 11,820,038 2,467,025   13,391,127
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,538,381
b Net investment income (if negative, enter -0-) 13,747,753
c Adjusted net income (if negative, enter -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............. 1,141,639 1,143,463 1,143,463
2 Savings and temporary cash investments......... 14,264,314 12,547,033 12,547,033
3 Accounts receivable right arrow730
Less: allowance for doubtful accounts right arrow   48,360 730 730
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 arrow2,110,366
Less: allowance for doubtful accounts right arrow0 553,385 Click to see attachment
List of Attached Documents:
// Content
2,110,366 		2,110,366
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 135,123 109,941 109,941
10a Investments—U.S. and state government obligations (attach schedule) 10,170,458 Click to see attachment
List of Attached Documents:
// Content
15,843,858 		15,843,858
b Investments—corporate stock (attach schedule)....... 55,349,367 Click to see attachment
List of Attached Documents:
// Content
62,080,032 		62,080,032
c Investments—corporate bonds (attach schedule)....... 23,785,049 Click to see attachment
List of Attached Documents:
// Content
18,665,056 		18,665,056
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).......... 160,477,338 Click to see attachment
List of Attached Documents:
// Content
167,301,439 		167,301,439
14 Land, buildings, and equipment: basis right arrow1,285,110
Less: accumulated depreciation (attach schedule) right arrow937,029 409,721 Click to see attachment
List of Attached Documents:
// Content
348,081 		348,081
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
1,755,647 		Click to see attachment
List of Attached Documents:
// Content
1,755,647
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 266,334,754 281,905,646 281,905,646
Liabilities 17 Accounts payable and accrued expenses.......... 622,803 671,100
18 Grants payable................. 16,591,614 11,958,210
19 Deferred revenue................. 116,292 109,194
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 885,472 Click to see attachment
List of Attached Documents:
// Content
782,583
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
787,885 		Click to see attachment
List of Attached Documents:
// Content
980,197
23 Total liabilities (add lines 17 through 22)......... 19,004,066 14,501,284
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........... 247,330,688 267,404,362
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 247,330,688 267,404,362
30 Total liabilities and net assets/fund balances (see instructions). 266,334,754 281,905,646
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
247,330,688
2
Enter amount from Part I, line 27a .....................
2
4,538,381
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
15,535,293
4
Add lines 1, 2, and 3 ..........................
4
267,404,362
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
267,404,362
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 PARTNERSHIP INVESTMENT K-1 P    
b PUBLICLY TRADED INVESTMENTS      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     11,706 -11,706
b 108,615,145   97,775,668 10,839,477
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -11,706
b       10,839,477
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,827,771
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) 1 191,094
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........................... 3 191,094
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- ..... 5 191,094
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 163,554
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 140,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 303,554
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 1,735
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 10 110,725
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow110,725 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
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 arrowVA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.DRFONLINE.ORG
14
The books are in care ofright arrowJON C SELLS CFO & TREAS Telephone no.right arrow (434) 799-2176

Located atright arrow512 BRIDGE STREET SUITE 100DANVILLEVA ZIP+4right arrow24541
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)
Yes
 
(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
Yes
 
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
 
No
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
CLARK CASTEEL PRESIDENT AND CEO
40.00 		318,226 58,338 9,476
512 BRIDGE ST 100
DANVILLE,VA24541
JON C SELLS CFO AND TREASURER
40.00 		155,738 21,743 0
512 BRIDGE ST 100
DANVILLE,VA24541
ALEXIS EHRHARDT CHAIR
1.00 		0 0 0
512 BRIDGE ST 100
DANVILLE,VA24541
PAUL IRWIN VICE CHAIR
1.00 		0 0 0
512 BRIDGE ST 100
DANVILLE,VA24541
SHIRLEY JOO HITE SECRETARY & EXECUTIVE ASSISTANT
35.00 		70,377 34,328 0
512 BRIDGE ST 100
DANVILLE,VA24541
CHARLES MAJORS DIRECTOR
1.00 		0 0 0
512 BRIDGE ST 100
DANVILLE,VA24541
MARTHA A WALKER DIRECTOR
1.00 		0 0 0
512 BRIDGE ST 100
DANVILLE,VA24541
JIM BEBEAU DIRECTOR
1.00 		0 0 0
512 BRIDGE ST 100
DANVILLE,VA24541
MAGGY GREGORY DIRECTOR
1.00 		0 0 0
512 BRIDGE ST 100
DANVILLE,VA24541
MAURICE FERRELL DIRECTOR
1.00 		0 0 0
512 BRIDGE ST 100
DANVILLE,VA24541
PAUL ASHWORTH DIRECTOR
1.00 		0 0 0
512 BRIDGE ST 100
DANVILLE,VA24541
GREG HAIRSTON DIRECTOR
1.00 		0 0 0
512 BRIDGE ST 100
DANVILLE,VA24541
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
LORI MERRICK DIR.-MARKETING & COM
40.00 		109,620 18,587 0
512 BRIDGE ST 100
DANVILLE,VA24541
JOSHUA HEARN SR. PROG. OFFICER
40.00 		91,241 25,291 0
512 BRIDGE ST 100
DANVILLE,VA24541
STEPHANIE BLEVINS ACCOUNTANT
40.00 		80,430 34,760 0
512 BRIDGE ST 100
DANVILLE,VA24541
SUSANNE BELL SR. PROG. OFFICER
40.00 		95,090 16,736 0
512 BRIDGE ST 100
DANVILLE,VA24541
WILLIE JONES SR. PROG. OFFICER
40.00 		66,679 10,822 0
512 BRIDGE ST 100
DANVILLE,VA24541
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
WEDGE CAPITAL MANAGEMENT INVESTMENT MANAGEMENT 196,855
301 COLLEGE ST
CHARLOTTE,NC28202
DOWNTOWN DANVILLE DEVELOPMENT LLC INVESTMENT MANAGEMENT 150,000
PO BOX 650
DURHAM,NC27702
ADVISORY RESEARCH INC INVESTMENT MANAGEMENT 143,579
1659 PAYSPHERE CIRCLE
CHICAGO,IL60674
LIMINAL COLLABORATION PROGRAM CONSULTING 106,538
110 BUCK TAYLOR TRAIL
CHAPEL HILL,NC27516
RICHMOND CAPITAL INVESTMENT MANAGEMENT 87,698
10800 MIDLOTHIAN TURNPIKE SUITE 217
RICHMOND,VA23235
Total number of others receiving over $50,000 for professional services.............right arrow2
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
207,412,225
b
Average of monthly cash balances.......................
1b
12,009,412
c
Fair market value of all other assets (see instructions)................
1c
56,882,228
d
Total (add lines 1a, b, and c).........................
1d
276,303,865
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
403,684
3
Subtract line 2 from line 1d.........................
3
275,900,181
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
4,138,503
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
271,761,678
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
13,588,084
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
13,588,084
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
191,094
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
9,827
c
Add lines 2a and 2b............................
2c
200,921
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
13,387,163
4
Recoveries of amounts treated as qualifying distributions................
4
41,602
5
Add lines 3 and 4............................
5
13,428,765
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
13,428,765
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
13,391,127
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
13,391,127
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 13,428,765
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022...... 5,318,945
e From 2023...... 2,139,215
f Total of lines 3a through e ........ 7,458,160
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 13,391,127
a Applied to 2023, but not more than line 2a 0
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..... 13,391,127
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 37,638 37,638
(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 7,420,522
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		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 ...... 		7,420,522
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 5,281,307
d Excess from 2023.... 2,139,215
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MR CLARK CASTEEL PRES CEO
512 BRIDGE ST 100
DANVILLE,VA24541
(434) 799-2176
bThe form in which applications should be submitted and information and materials they should include:
REFER TO THE FOUNDATION'S GRANT PROPOSAL GUIDELINES ON ITS WEBSITE FOR FULL DETAILS AND INFORMATION.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION SUPPORTS PROGRAMS OPERATING OR BENEFITING THOSE WHO LIVE IN DANVILLE AND PITTSYLVANIA COUNTY IN VA AND CASWELL COUNTY IN NC. REFER TO THE FOUNDATION'S GRANT PROPOSAL GUIDELINES ON ITS WEBSITE FOR FULL DETAILS AND INFORMATION.
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

ALTAVISTA YMCA

718 7TH STREET
ALTAVISTA,VA24517 		  PC COMMUNITY COUNCIL GRANT 4,060

AVERETT UNIVERSITY

420 WEST MAIN STREET
DANVILLE,VA24541 		  PC OPERATING SUPPORT 3,000,000

AVERETT UNIVERSITY

420 WEST MAIN STREET
DANVILLE,VA24541 		  PC CRISIS MANAGEMENT 500,000

BOSS 2 BOSS LEADERSHIP FOUNDATION

135 DYERWOOD PL
DANVILLE,VA24541 		  PC COMMUNITY COUNCIL GRANT 2,300

BOYS & GIRLS CLUB

123 FOSTER STREET
DANVILLE,VA24541 		  PC COMMUNITY COUNCIL GRANT 1,500

CARDINAL NEWS

PO BOX 4455
ROANOKE,VA24015 		  PC NEW REPORTER 100,000

CASWELL ARTS

158 E CHURCH ST SUITE A
YANCEYVILLE,NC27379 		  PC COMMUNITY COUNCIL GRANT 6,000

CASWELL COUNTY PARTNERSHIP FOR CHILDREN

1084 NC HWY 86 N
YANCEYVILLE,NC27379 		  PC NEXT STEP GRANT 24,998

CASWELL RECREATION DEVELOPMENT

PO BOX 114
YANCEYVILLE,NC27379 		  GOV MAKE MORE HAPPEN 25,000

CASWELLL PARTNERSHIP FOR CHILDREN

1084 NC HIGHWAY 86 N
YANCEYVILLE,NC27379 		  PC COMMUNITY COUNCIL GRANT 1,000

CHATHAM FIRST

PO BOX 426
CHATHAM,VA24531 		  PC COMMUNITY COUNCIL GRANT 5,535

CHRISTIAN LIFE CHURCH

123 GREENWICH AVENUE
DANVILLE,VA24540 		  PC COMMUNITY COUNCIL GRANT 3,931

CITY OF DANVILLE PARKS AND RECREATION

PO BOX 3300
DANVILLE,VA24543 		  GOV WESTMORELAND PARK 191,787

CITY OF DANVILLE VA

PO BOX 3300
DANVILLE,VA24543 		  GOV COMPREHENSIVE COMMUNITY ENGAGEMENT 12,000

CITY OF DANVILLE VA

PO BOX 3300
DANVILLE,VA24543 		  GOV COMPREHENSIVE COMMUNITY ENGAGEMENT 100,000

CITY OF DANVILLE VA

PO BOX 3300
DANVILLE,VA24543 		  GOV RIVERFRONT PARK 2,000,000

COMMUNITY FOUNDATION OF THE DAN RIVER REGION

541 LOYAL STREET
DANVILLE,VA24541 		  PC RE-GRANTING '23-'25 & PROFESSIONAL DEVELOPMENT 300,000

COMMUNITY FOUNDATION OF THE DAN RIVER REGION

541 LOYAL STREET
DANVILLE,VA24541 		  PC RE-GRANTING '20-'22 & PROFESSIONAL DEVELOPMENT 17,389

COMPASSION HEALTH CARE

PO BOX 1448
YANCEYVILLE,NC27379 		  PC NEXT STEP-CASWELL HEALTH COLAB 20,000

DAN RIVER BASIN ASSOCIATION

413 CHURCH STREET SUITE 401
EDEN,NC27288 		  PC NEXT STEP GRANT 19,730

DAN RIVER BASIN ASSOCIATION

413 CHURCH STREET SUITE 401
EDEN,NC27288 		  PC MMHT 16,650

DANVILEL MUSEUM OF FINE ARTS

975 MAIN STREET
DANVILLE,VA24541 		  PC NEXT STEP GRANT 22,800

DANVILLE CHURCH & COMMUNITY TUTORIAL PROGRAM

498 ARNETT BLVD
DANVILLE,VA24540 		  GOV K-12 PROGRAM 147,774

DANVILLE FAMILY YMCA

215 RIVERSIDE DRIVE
DANVILLE,VA24540 		  PC NEXT STEP 14,766

DANVILLE MUSEUM OF FINE ARTS

975 MAIN STREET
DANVILLE,VA24541 		  PC COMMUNITY COUNCIL GRANT 2,000

DANVILLE NEIGHBORHOOD DEVELOPMENT CORPORATION

PO BOX 3549
DANVILLE,VA24540 		  PC COMMUNITY COUNCIL GRANT 2,000

DANVILLE PUBLIC SCHOOLS

341 MAIN STREET
DANVILLE,VA24541 		  GOV COMMUNITY COUNCIL GRANT 6,000

DANVILLE PUBLIC SCHOOLS

PO BOX 3300
DANVILLE,VA24543 		  GOV COMMUNITIES IN SCHOOL PARTNERSHIP 189,500

DANVILLE RESEARCH CENTER AFRICAN AMERICAN HISTORY

409 IRIS LN
DANVILLE,VA24540 		  PC DELTASIGMATHETA EVENT 25,000

DANVILLE RESEARCH CENTER AFRICAN AMERICAN HISTORY

409 IRIS LN
DANVILLE,VA24540 		  PC MAKE MORE HAPPEN TOGETHER 25,000

DANVILLE RESEARCH CENTER AFRICAN AMERICAN HISTORY

409 IRIS LN
DANVILLE,VA24540 		  PC NEXT STEP 25,000

DANVILLE RESEARCH CENTER FOR AFRICAN AMERICAN STUDIES

409 IRIS LANE
DANVILLE,VA24540 		  PC MMHT 25,000

DANVILLE SCIENCE CENTER

677 CRAGHEAD STREET
DANVILLE,VA24541 		  PC MMHT GREG ROBINSON CELEBRATION 25,000

DOMINION LIVESTOCK ASSOCIATION

3855 WEST GRETNA ROAD
GRETNA,VA24557 		  PC MMHT 22,500

FANNING THE FLAME OUTREACH

PO BOX 6
MILTON,NC27305 		  PC COMMUNITY COUNCIL GRANT 3,200

FESTIVAL IN THE PARK

PO BOX 3300
DANVILLE,VA24543 		  GOV NEXT STEP GRANT 24,875

FIRST BAPTIST CHURCH

871 MAIN ST
DANVILLE,VA24541 		  PC COMMUNITY COUNCIL GRANT 674

FIRST SOUTHERN BAPTIST CHURCH

708 PROSPECT RD
HURT,VA24563 		  PC COMMUNITY COUNCIL GRANT 4,000

FRIENDS OF THE OLD WEST END

926 S MAIN ST
DANVILLE,VA24541 		  PC COMMUNITY COUNCIL GRANT 1,000

GODS STOREHOUSE

750 MEMORIAL DRIVE
DANVILLE,VA24541 		  PC NEXT STEP GRANT 25,000

HIGH STREET BAPTIST CHURCH

2302 FLORIDA AVE NW
ROANOKE,VA24017 		  PC COMMUNITY COUNCIL GRANT 4,000

HOOPS DONT SHOOT

PO BOX 10155
DANVILLE,VA24543 		  PC COMMUNITY COUNCIL GRANT 2,950

HOUSE OF HOPE

206 SOUTH RIDGE STREET
DANVILLE,VA24541 		  PC NEXT STEP GRANT 25,000

INSTITUTE FOR ADVANCED LEARNING AND RESEARCH

150 SLAYTON AVENUE
DANVILLE,VA24540 		  GOV DAN RIVER REGION COLLABORATIVE - 3 YEARS 297,965

LEAD VA

9 SOUTH FIFTH STREET
RICHMOND,VA23219 		  PC DRF REGION PARTICIPATION 38,170

LOCUS IMPACT INVESTING

7814 CAROUSEL LANE
RICHMOND,VA23294 		  PC PLACE BASED INVESTMENT STRATEGY 10,350

MEN FOR CHANGE

550 COUNTY DRIVE
RINGGOLD,VA24586 		  PC MMHT 14,970

MILTON PRESERVATION AND BEAUTIFCATION SOCIETY

PO BOX 36
MILTON,NC27305 		  PC COMMUNITY COUNCIL GRANT 2,500

MILTON RENAISSANCE FOUNDATION

169 BROAD STREET
MILTON,NC27305 		  PC COMMUNITY COUNCIL GRANT 488

MILTON RENAISSANCE FOUNDATION

169 BROAD STREET
MILTON,NC27305 		  PC COMMUNITY COUNCIL GRANT 825

NORTH ELEMENTARY PTSO

10390 NC HWY 86N
PROVIDENCE,NC27315 		  PC COMMUNITY COUNCIL GRANT 6,000

OFF SEASON

2203 BEECH AVENUE
ALTAVISTA,VA24517 		  PC COMMUNITY COUNCIL GRANT 7,500

OLD DOMINION AGRICULTURAL FOUNDATION

19783 US HWY 29 SUITE G
CHATHAM,VA24531 		  PC NEXT STEP 3,500

PATHS

705 MAIN STREET
DANVILLE,VA24540 		  PC NEXT STEP SEE THE POSSIBLE TRIP 25,000

PELHAM COMMUNITY CENTER

161 COMMUNITY CENTER RD
PELHAM,NC27311 		  PC COMMUNITY COUNCIL GRANT 700

PELHAM COMMUNITY CENTER

161 COMMUNITY CENTER RD
PELHAM,NC27311 		  PC COMMUNITY COUNCIL GRANT 300

PELHAM COMMUNITY CENTER

161 COMMUNITY CENTER RD
PELHAM,NC27311 		  PC COMMUNITY COUNCIL GRANT 2,300

PIEDMONT COMMUNITY COLLEGE

501 COLLEGE DR
CHARLOTTESVILLE,VA22902 		  GOV CENTER FOR EDUCATIONAL & AGRICULTURAL DEVELOPMENT (CEAD) 500,000

PITTSYLVANIA COUNTY

PO BOX 426
CHATHAM,VA24531 		  GOV NEXT STEP GRANT 25,000

PITTSYLVANIA COUNTY

PO BOX 232
CHATHAM,VA24531 		  GOV NEXT STEPS PARKS AND REC MASTER PLAN 20,000

PITTSYLVANIA COUNTY

PO BOX 232
CHATHAM,VA24531 		  GOV COUNTY ADMIN SEARCH 25,000

PITTSYLVANIA COUNTY

PO BOX 426
CHATHAM,VA24531 		  GOV NEXT STEP GRANT 25,000

PPL FOUNDATION

PO BOX 814
CHATHAM,VA24531 		  PC NEXT STEP 25,000

PROJECT IMAGINE

527 BRIDGE STREET 3RD FLOOR
DANVILLE,VA24541 		  PC COMMUNITY COUNCIL GRANT 2,420

PROJECT IMAGINE

527 BRIDGE STREET 3RD FLOOR
DANVILLE,VA24541 		  PC COMMUNITY COUNCIL GRANT 2,370

PROJECT LITERACY

450 W MAIN STREET
DANVILLE,VA24541 		  PC ASHBY AWARD 60,000

PROJECT LITERACY

450 W MAIN STREET
DANVILLE,VA24541 		  PC NEXT STEP GRANT 25,000

RIVER DISTRICT ASSOCIATION

208 N UNION ST
DANVILLE,VA24541 		  PC RIVER DISTRICT REVITALIZATION EXPANSION 250,000

RIVER DISTRICT ASSOCIATION

PO BOX 853
DANVILLE,VA24541 		  PC NEXT STEP GRANT 25,000

RIVERMONT BABTIST CHURCH

575 CATLETT MOUNTAIN ROAD
FRONT ROYAL,VA22630 		  PC COMMUNITY COUNCIL GRANT 2,000

RUN FOR HEALTH

1520 OLDE HUNTING TRAIL
DANVILLE,VA24540 		  PC NEXT STEP GRANT 24,525

SALVATION ARMY OF DANVILLE

123 HENRY STREET
DANVILLE,VA24540 		  PC MMHT 12,325

SEMORA RURITAN CLUB

14771 NC HIGHWAY 119 N PO BOX 243
SEMORA,NC27343 		  PC COMMUNITY COUNCIL GRANT 4,190

SHARSWOOD FOUNDATION

5685 RICEVILLE RD
GRETNA,VA24557 		  PC COMMUNITY COUNCIL GRANT 2,215

SMART BEGINNINGS

104 TRADE ST
DANVILLE,VA24541 		  PC SCHOOL READINESS INITIATIVE III 906,853

SMOKESTACK THEATRE COMPANY

319 LYNN ST
DANVILLE,VA24541 		  PC COMMUNITY COUNCIL GRANT 3,000

SOUTHSIDE BUSINESS TECHNOLOGY CENTER (SBTC)

527 BRIDGE ST 200
DANVILLE,VA24541 		  PC THE LAUNCH PLACE PHASE 2 1,738,830

SOUTHSIDE SOCCER CLUB

200 BLAIRS MIDDLE SCHOOL CIRCLE
BLAIRS,VA24527 		  PC NEXT STEP GRANT 25,000

TOWN OF GRETNA

107 SOUTH SHELTON STREET
GRETNA,VA24557 		  GOV NEXT STEP GRANT 25,000

TOWN OF MILTON

PO BOX 86
MILTON,NC27305 		  GOV NEXT STEP 25,000

UNITED WAY OF DANVILLE-PITTSYLVANIA COUNTY

308 CRAGHEAD STREET SUITE 104
DANVILLE,VA24541 		  PC NEXT STEP STRATEGIC PLAN 25,000

VIRGINIA RURAL HEALTH ASSOCIATION

1872 PRATT DRIVE SUITE 1125
BLACKSBURG,VA24060 		  PC MMHT 15,625

WEST PIEDMONT BETTER HOUSING COILITION

1100 MADISON ST
DANVILLE,VA24060 		  PC NEXT STEP 4,200

WEST PIEDMONT PLANNING DISTRICT

1100 MADISON ST
DANVILLE,VA24541 		  GOV WEST PIEDMONT PLANNING DISTRICT COMMISSION 15,000

WESTMORELAND NEIGHBORHOOD ORGANIZATION

PO BOX 3449
MARTINSVILLE,VA24115 		  PC NEXT STEP/CAPACITY GRANT 25,000

WESTMORELAND NEIGHBORHOOD ORGANIZATION

PO BOX 3449
MARTINSVILLE,VA24115 		  PC COMMUNITY COUNCIL GRANT 3,000

WHO SET THE STANDARDS

423 AVONDALE DRIVE
DANVILLE,VA24541 		  PC MMHT 13,000

WHO SET THE STANDARDS

423 AVONDALE DRIVE
DANVILLE,VA24541 		  PC COMMUNITY COUNCIL GRANT 2,000
Total .................................right arrow 3a 11,242,040
bApproved for future payment

AVERETT UNIVERSITY
420 WEST MAIN STREET
DANVILLE,VA24541 		  PC CCECC 2020-2025 12,500

AVERETT UNIVERSITY
420 WEST MAIN STREET
DANVILLE,VA24541 		  PC AU ONLINE 82,000

COMMUNITY FOUNDATION OF THE DAN RIVER REGION
541 LOYAL STREET
DANVILLE,VA24541 		  PC RE-GRANTING '23-'25 & PROFESSIONAL DEVELOPMENT 300,000

COMMUNITY FOUNDATION OF THE DAN RIVER REGION
541 LOYAL STREET
DANVILLE,VA24541 		  PC RE-GRANTING '20-'22 & PROFESSIONAL DEVELOPMENT 14,033

COMMUNITY INVESTMENT COLLABORATIVE
PO BOX 2976
CHARLOTTESVILLE,VA22902 		  PC SOUTHERN VA MICROLENDER 450,000

DAN RIVER NONPROFIT NETWORK
126 SUTHERLIN AVENUE
DANVILLE,VA24541 		  PC GROWTH AND EXPANSION 3,428,333

DANVILLE CHURCH & COMMUNITY TUTORIAL PROGRAM
498 ARNETT BLVD
DANVILLE,VA24540 		  GOV K-12 PROGRAM 147,774

DANVILLE PUBLIC SCHOOLS
341 MAIN STREET
DANVILLE,VA24541 		  GOV COMMUNITIES IN SCHOOL PARTNERSHIP 379,000

INSTITUTE FOR ADVANCED LEARNING AND RESEARCH
150 SLAYTON AVENUE
DANVILLE,VA24540 		  GOV REACH PARTNERSHIP 2,424,424

INSTITUTE FOR ADVANCED LEARNING AND RESEARCH
150 SLAYTON AVENUE
DANVILLE,VA24540 		  GOV AMERICORPS 2022-2025 346,820

INSTITUTE FOR ADVANCED LEARNING AND RESEARCH
150 SLAYTON AVENUE
DANVILLE,VA24540 		  GOV CMA FACILITY 1,483,021

LEAD VA
9 SOUTH FIFTH STREET
RICHMOND,VA23219 		  PC DRF REGION PARTICIPATION 152,680

LOCUS IMPACT INVESTING
7814 CAROUSEL LANE
RICHMOND,VA23294 		  PC PLACE BASED INVESTMENT STRATEGY 183,600

OLD DOMINION AGRICULTURAL FOUNDATION
19783 US HWY 29 SUITE G
CHATHAM,VA24531 		  PC FACILITY UPGRADE MATCH 350,128

RIVER DISTRICT ASSOCIATION
208 N UNION ST
DANVILLE,VA24541 		  PC RIVER DISTRICT REVITALIZATION EXPANSION 500,000

SMART BEGINNINGS
104 TRADE ST
DANVILLE,VA24541 		  PC SCHOOL READINESS INITIATIVE III 886,772

SOUTHSIDE BUSINESS TECHNOLOGY CENTER (SBTC)
527 BRIDGE ST 200
DANVILLE,VA24541 		  PC THE LAUNCH PLACE PHASE 2 564,914

THE LAUNCH PLACE
527 BRIDGE ST 200
DANVILLE,VA24541 		  PC ENTREPRENEURIAL ECOSYSTEM 252,211
Total ................................. right arrow 3b 11,958,210
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 5,179,068  
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 ..... 531120 127,120 14 207,703  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 10,839,477  
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) .. 127,120 16,226,248 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
16,353,368
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT & ACCOUNTING FEES 58,760 11,990   41,370

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

TY 2024 DepreciationSchedule
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
SOFTWARE 2007-01-10 22,565 22,565 SL 3.000000000000 0 0    
ADDITIONAL SOFTWARE LICENSES 2007-07-24 2,414 2,414 SL 2.500000000000 0 0    
SERVER AND COMPUTER EQUIPMENT 2007-12-12 5,014 5,014 SL 3.000000000000 0 0    
COMPUTERS 2008-02-28 2,658 2,658 SL 3.000000000000 0 0    
COMPUTERS 2008-03-10 1,712 1,712 SL 3.000000000000 0 0    
PHONE SYSTEM 2008-04-30 6,641 6,641 SL 5.000000000000 0 0    
COMPUTERS 2008-04-01 1,504 1,504 SL 3.000000000000 0 0    
PHONES/SECURITY 2011-09-01 38,250 38,250 SL 5.000000000000 0 0    
FURNITURE 2011-10-06 72,746 72,746 SL 8.000000000000 0 0    
BOARD TABLE AND CHAIRS 2011-12-02 16,196 16,196 SL 8.000000000000 0 0    
ALARM SYSTEM 2011-12-02 4,428 4,428 SL 5.000000000000 0 0    
BUILDING (FINANCE LEASE RIGHT OF USE ASSET) 2011-12-01 891,000 538,313 SL 20.000000000000 44,550 0    
SERVER 2012-10-30 7,996 7,996 SL 5.000000000000 0 0    
OFFICE FURNITURE 2013-12-31 7,469 7,469 SL 5.000000000000 0 0    
COMPUTER EQUIPMENT 2014-06-01 3,041 3,041 SL 3.000000000000 0 0    
LEASEHOLD IMPROVEMENTS 2014-04-01 2,597 1,541 SL 17.000000000000 153 0    
NOTEBOOK COMPUTERS 2014-06-18 6,664 6,664 SL 3.000000000000 0 0    
LEASEHOLD IMPROVEMENTS 2014-08-01 13,708 7,659 SL 17.000000000000 806 0    
LEASEHOLD IMPROVEMENTS 2014-12-01 56,167 29,895 SL 17.000000000000 3,304 0    
WEBSITE UPGRADES 2015-11-13 34,370 34,370 SL 3.000000000000 0 0    
CARPET 2019-05-02 7,506 7,005 SL 5.000000000000 501 0    
AUTOMOBILE 2019-08-12 44,983 39,737 SL 5.000000000000 5,246 0    
CARRIER INDOOR/OUTDOOR UNIT 2002-07-13 35,480 17,638 SL 5.000000000000 0 0    

TY 2024 InvestmentsCorpBondsSchedule
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Name of Bond End of Year Book Value End of Year Fair Market Value
STATE AND MUNICIPAL OBLIGATIONS 223,354 223,354
AT&T INC GLBL NT 181,864 181,864
ALLSTATE CORP SR GLBL NT 229,572 229,572
AMERICAN EXPRESS CO SR GLBL NT 245,643 245,643
AMGEN INC SR GLBL 166,029 166,029
ANHEUSER BUSCH COS INC SR GLBL 186,905 186,905
BK OF AMERICA CORP FR 383,083 383,083
BANK AMERICA CORP FR 236,374 236,374
BANK SER 2024 5YR10 CL A 2 345,665 345,665
BP CAP MKTS AMER INC SR GLBL NT 651,908 651,908
BROADCOM INC SR GLBL NT 254,886 254,886
CSX CORP FR 397,324 397,324
CVS HEALTH CORP 314,896 314,896
CAPITAL ONE FINL CORP SR NT 323,589 323,589
CAP ONE MULTI AST EXEC SER 2023 1 680,072 680,072
CITIGROUP INC SR NT 324,501 324,501
CITIGROUP INC SR GLBL NT 269,346 269,346
OHIO PWR CO SR F NT 152,199 152,199
COMCAST CORP NEW SR GLBL 243,348 243,348
COMCAST CORP NEW GLBL NT 278,370 278,370
CONSOLIDATED EDISON CO N Y INC SR 197,688 197,688
ENTERPRISE PRODS OPER LLC SR NT 115,144 115,144
FIFTH THIRD BANCORP SR GLBL NT 379,824 379,824
FISERV INC SR GLBL 233,422 233,422
GENUINE PARTS CO SR GLBL NT 168,652 168,652
GOLDMAN SACHS GROUP INC SR GLBL NT 716,534 716,534
HALLIBURTON CO SR NT 153,698 153,698
HARTFORD FINL SVCS GROUP INC SR GLBL 273,231 273,231
HONDA AUTO RECE OW TR SER 2023 2 CL 668,460 668,460
JPMORGAN CHASE & CO SR GLBL NT 225,454 225,454
KEYCORP FR 188,702 188,702
KEYCORP FR 189,128 189,128
LOWES COS INC SR GLBL NT 195,428 195,428
M & T BK CORP SR GLBL NT 494,685 494,685
MARKEL GROUP INC SR GLBL 376,451 376,451
MARRIOTT INTL INC NEW SR GLBL KK NT 399,236 399,236
MCDONALDS CORP SR GLBL DEB 155,610 155,610
MONDELEZ INTL INC SR GLBL NT 268,332 268,332
MS BOFA ML TRUST SER 2015 C26 CL A 3 101,261 101,261
MORGAN STANLEY 67,505 67,505
MORGAN STANLEY FR 310,015 310,015
MORGAN STAN CAP I SER 2016 UBS11 CL 288,759 288,759
NORFOLK SOUTHN CORP SR GLBL NT 165,320 165,320
ONEOK INC NEW SR GLBL NT 300,462 300,462
ONEOK INC NEW SR NT 115,962 115,962
PNC FINL SVCS GROUP INC SR NT 299,069 299,069
PROGRESSIVE CORP SR GLBL 320,732 320,732
PRUDENTIAL FINL INC FR 249,520 249,520
RPM INTL INC SR GLBL NT 270,339 270,339
SCHWAB CHARLES CORP SR GLBL NT 56,221 56,221
SCHWAB CHARLES CORP SR GLBL NT 209,984 209,984
SPECTRA ENERGY PARTNERS LP SR GLBL 219,679 219,679
SYSCO CORP CR SEN SR GLBL 223,940 223,940
T MOBILE USA INC SR GLBL NT 258,051 258,051
TARGA RES PARTNERS TARGA RES SR GLBL 702,205 702,205
TRUIST FINL CORP FR 517,280 517,280
US BANCORP FR 396,728 396,728
VERIZON COMMUNICATIONS INC SR GLBL 236,822 236,822
VIRGINIA ELEC & PWR CO SR GLBL A NT 83,482 83,482
WELLS FARGO & CO FR 251,950 251,950
WELLS FARGO & CO FR 241,443 241,443
WESTLAKE CHEM CORP SR GLBL NT 344,149 344,149
WILLIAMS COS INC SR GLBL 271,253 271,253
WORLD OMNI AUTO REC TR SER 2022 A CL 412,304 412,304
TORONTO DOMINION BANK FR 262,014 262,014

TY 2024 InvestmentsCorpStockSchedule
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Name of Stock End of Year Book Value End of Year Fair Market Value
AMCOR PLC ORD USD0.01 56,396 56,396
AMDOCS LTD COM 637,699 637,699
FABRINET SHS 607,748 607,748
JAZZ PHARMACEUTICALS PLC 298,023 298,023
NORWEGIAN CRUISE LINE HLDGS LT SHS 432,856 432,856
GARMIN LTD SHS 472,748 472,748
AERCAP HOLDINGS NV 352,463 352,463
LYONDELLBASELL INDUSTRIES N V SHS A 63,352 63,352
ROYAL CARIBBEAN CRUISES LTD 477,298 477,298
AGCO CORP DEL COM 106,754 106,754
ABBVIE INC COM 278,456 278,456
ABERCROMBIE & FITCH CO CL A 541,530 541,530
ACUITY BRANDS INC COM 101,661 101,661
ALLISON TRANSMISSION HLDGS INC COM 105,575 105,575
ALLY FINL INC COM 355,275 355,275
ALPHABET INC CAP STK CL A 714,040 714,040
CENCORA INC COM 279,502 279,502
AMERIPRISE FINL INC COM 368,442 368,442
AMPHENOL CORP CL A 616,022 616,022
APPLE INC COM 644,832 644,832
ARISTA NETWORKS INC COM NEW 727,287 727,287
ATKORE INC. 110,071 110,071
AUTOLIV INC COM 107,577 107,577
BP PLC SPON ADR 189,657 189,657
BAKER HUGHES COMPANY 202,106 202,106
BERRY GLOBAL GROUP INC. 61,307 61,307
BIO-RAD LABORATORIES CL A 286,461 286,461
BIOGEN, INC. 275,409 275,409
BLOCK H & R INC COM 429,008 429,008
BOISE CASCADE CO DEL COM 93,899 93,899
BOOZ ALLEN HAMILTON HLDG CORP CL A 652,509 652,509
BORGWARNER INC COM 102,046 102,046
BRINKER INTL INC COM 516,196 516,196
BRISTOL MYERS SQUIBB CO COM 275,504 275,504
BUILDERS FIRSTSOURCE INC COM 52,169 52,169
CF INDS HLDGS INC COM 62,454 62,454
THE CIGNA GROUP 259,019 259,019
CSX CORP COM 114,881 114,881
CADENCE DESIGN SYS INC COM 639,078 639,078
CARDINAL HEALTH INC COM 278,053 278,053
CARLISLE COS INC COM 93,685 93,685
CARNIVAL CORP PAIRED CTF 439,639 439,639
CASEYS GEN STORES INC COM 437,042 437,042
CENTENE CORP DEL COM 280,970 280,970
EXPAND ENERGY CORPORATION 194,521 194,521
CISCO SYS INC COM 649,838 649,838
CITIGROUP INC COM NEW 369,055 369,055
COMMERCIAL METALS CO COM 54,114 54,114
CORE & MAIN INC CL A 106,809 106,809
CUMMINS INC COM 109,809 109,809
DAVITA INC 264,255 264,255
DECKERS OUTDOOR CORP 461,217 461,217
DICKS SPORTING GOODS INC OC-COM 530,909 530,909
DOMINION ENERGY, INC 122,962 122,962
DOVER CORP COM 113,498 113,498
EASTMAN CHEM CO COM 58,536 58,536
EMCOR GROUP INC COM 103,943 103,943
EMERSON ELEC CO COM 110,050 110,050
EQUITABLE HLDGS INC COM 373,964 373,964
EVERGY INC COM 121,069 121,069
META PLATFORM, INC. 641,719 641,719
F5 INC 672,934 672,934
FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM 347,563 347,563
FIRSTENERGY CORP COM 119,857 119,857
FORTINET INC COM 664,194 664,194
FOX CORP CL B COM 478,303 478,303
GARTNER INC COM 639,500 639,500
GENTEX CORP COM 104,692 104,692
GENUINE PARTS CO COM 111,623 111,623
GILEAD SCIENCES INC COM 275,909 275,909
GODADDY INC CL A 647,374 647,374
GOLDMAN SACHS GROUP INC COM 371,058 371,058
HCA HEALTHCARE, INC. 254,227 254,227
HALLIBURTON CO COM 186,822 186,822
HARTFORD FINL SVCS GROUP INC COM 353,690 353,690
HOLOGIC INC COM 272,140 272,140
INGREDION INC COM 63,553 63,553
INTUIT COM 615,930 615,930
JACKSON FINANCIAL INC COM CL A 362,601 362,601
JACOBS SOLUTIONS INC COM 110,637 110,637
KLA CORPORATION 664,777 664,777
KB HOME COM 439,601 439,601
KNIGHT SWIFT TRANSN HLDGS INC CL A 104,860 104,860
LABCORP HOLDINGS INC COM SHS 273,349 273,349
LEAR CORP COM NEW 113,924 113,924
LEIDOS HLDGS INC COM 642,075 642,075
LITHIA MTRS INC CL A COM 458,940 458,940
LOCKHEED MARTIN CORP COM 659,421 659,421
LOUISIANA PAC CORP COM 57,574 57,574
MASCO CORP COM 100,074 100,074
MATSON INC COM 105,580 105,580
MCKESSON CORP COM 263,298 263,298
MERITAGE HOMES CORP COM 424,697 424,697
METLIFE INC COM 384,508 384,508
MICROSOFT CORP COM 642,366 642,366
MOLINA HEALTHCARE INC COM 267,475 267,475
MOLSON COORS BEVERAGE COMPANY 263,615 263,615
MUELLER INDS INC COM 106,025 106,025
MURPHY OIL CORP COM 194,693 194,693
MURPHY USA INC COM 426,989 426,989
NRG ENERGY INC COM NEW 121,526 121,526
NETAPP INC COM 611,858 611,858
NORTHROP GRUMMAN CORP COM 629,318 629,318
NUCOR CORP COM 54,854 54,854
OGE ENERGY CORP COM 120,285 120,285
OSHKOSH TRUCK CORP COM 108,000 108,000
OVINTIV INC COM 195,210 195,210
OWENS CORNING NEW COM 58,931 58,931
PG&E CORP COM 120,475 120,475
PPL CORP COM 119,907 119,907
PACKAGING CORP OF AMERICA COM 61,460 61,460
PARKER HANNIFIN CORP COM 105,581 105,581
PARSONS CORPORATION COM 614,939 614,939
PAYCHEX INC COM 679,366 679,366
PFIZER INC COM 285,861 285,861
PHILIP MORRIS INTL INC COM 261,882 261,882
PINNACLE WEST CAP CORP COM 116,304 116,304
POST HLDGS INC COM 265,776 265,776
PRUDENTIAL FINL INC COM 347,293 347,293
QUEST DIAGNOSTICS INC COM 264,759 264,759
REGIONS FINL CORP NEW COM 344,544 344,544
RELIANCE INC 58,429 58,429
SHELL PLC SPON ADS 179,555 179,555
RYDER SYS INC COM 111,841 111,841
SM ENERGY CO COM 177,831 177,831
SNAP ON INC COM 108,973 108,973
SONOCO PRODS CO COM 60,769 60,769
STATE STR CORP COM 382,589 382,589
STEEL DYNAMICS INC COM 55,666 55,666
SYNOVUS FINL CORP COM NEW 363,477 363,477
SYNCHRONY FINL COM 357,825 357,825
T MOBILE US INC COM 116,987 116,987
TAYLOR MORRISON HOME CORP COM 450,934 450,934
TENET HEALTHCARE CORP COM NEW 244,886 244,886
3M CO COM 112,179 112,179
TIMKEN CO COM 103,487 103,487
TOTALENERGIES SE 198,162 198,162
TRINET GROUP INC COM 107,835 107,835
UGI CORP NEW COM 123,450 123,450
UFP INDUSTRIES INC COM 55,536 55,536
UNITED PARCEL SVC INC CL B 113,112 113,112
UNITED RENTALS INC COM 98,622 98,622
UNITED THERAPEUTICS CORP DEL COM 268,864 268,864
UNUMPROVIDENT CORP COM 383,115 383,115
VERIZON COMMUNICATIONS INC COM 116,251 116,251
VISTRA CORP 118,155 118,155
VONTIER CORPORATION COM 109,629 109,629
WELLS FARGO & CO NEW COM 393,625 393,625
WESTERN UN CO COM 278,271 278,271
WESTLAKE CORPORATION 62,370 62,370
XCEL ENERGY INC COM 121,266 121,266
ZIONS BANCORPORATION, N.A. 348,014 348,014
ENSTAR GROUP LIMITED SHS 286,947 286,947
ONESPAWORLD HOLDINGS LIMITED COM 508,067 508,067
ALAMO GROUP INC COM 462,916 462,916
ALTA EQUIPMENT GROUP INC COMMON STOCK 268,631 268,631
APTARGROUP INC COM 277,282 277,282
ASBURY AUTOMOTIVE GROUP INC COM 444,502 444,502
BEL FUSE INC CL B COM 974,713 974,713
BRUNSWICK CORP COM 314,992 314,992
CASS INFORMATION SYS INC COM 295,575 295,575
EAGLE MATLS INC COM 441,700 441,700
ELEMENT SOLUTIONS INC COM 534,488 534,488
EMERALD HOLDING INC COM 312,432 312,432
FIRST ADVANTAGE CORP NEW COM 447,647 447,647
FIRST MERCHANTS CORP COM 606,727 606,727
FLOOR & DECOR HLDGS INC CL A 294,913 294,913
GROCERY OUTLET HLDG CORP COM 397,118 397,118
HEALTHEQUITY INC COM 565,625 565,625
HOWARD HUGHES HOLDINGS INC COM 288,450 288,450
JOHN BEAN TECHNOLOGIES CORP COM 903,681 903,681
OPENLANCE INC COM 488,977 488,977
DISTRIBUTION SOLUTIONS GRP INC COM 577,232 577,232
LEGACY HOUSING CORP COM 483,851 483,851
MILLER INDS INC TENN COM NEW 700,332 700,332
MONARCH CASINO & RESORT INC COM 343,925 343,925
NCINO INC COM 474,956 474,956
NICOLET BANKSHARES INC COM 625,788 625,788
PAPA JOHNS INTL INC COM 225,064 225,064
PERFORMANCE FOOD GROUP CO COM 660,082 660,082
PHINIA INC COMMON STOCK 846,588 846,588
PITNEY BOWES INC COM 371,919 371,919
CHAMPION HOMES INC 631,325 631,325
SOUTHSTATE CORP 652,290 652,290
STOCK YDS BANCORP INC COM 361,989 361,989
TECHTARGET INC COM NEW 483,212 483,212
TRIMAS CORP COM NEW 698,602 698,602
VALVOLINE INC COM 279,491 279,491
PURSUIT ATTRACTIONS AND HOSPITALITY, INC 952,989 952,989
WEBSTER FINL CORP WATERBURY CONN COM 495,765 495,765

TY 2024 InvestmentsGovtObligationsSch
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
US Government Securities - End of Year Book Value:

15,843,858
US Government Securities - End of Year Fair Market Value:

15,843,858
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
COMMINGLED REAL ESTATE INVESTMENT FUND - ALTERNATIVE INVESTMENT FMV 12,057,713 12,057,713
FIDELITY MID CAP INDEX FUND FMV 14,822,114 14,822,114
LAZARD EMERGING MARKETS EQUITY FMV 12,157,033 12,157,033
LLC FUND FMV 25,300,000 25,300,000
OFFSHORE FEEDER FUNDS - ALTERNATIVE INVESTMENTS FMV 7,554,372 7,554,372
REAL ESTATE INVESTMENT PROPERTIES FMV 11,970,144 11,970,144
VANGUARD DEVELOPED MARKETS INDEX FUND FMV 28,342,378 28,342,378
VANGUARD GROWTH INDEX FUND FMV 38,863,243 38,863,243
VANGUARD RUSSELL 2000 GROWTH INDEX FUND FMV 16,234,442 16,234,442

TY 2024 LandEtcSchedule2
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
SOFTWARE 22,565 22,565 0  
ADDITIONAL SOFTWARE LICENSES 2,414 2,414 0  
SERVER AND COMPUTER EQUIPMENT 5,014 5,014 0  
COMPUTERS 2,658 2,658 0  
COMPUTERS 1,712 1,712 0  
PHONE SYSTEM 6,641 6,641 0  
COMPUTERS 1,504 1,504 0  
PHONES/SECURITY 38,250 38,250 0  
FURNITURE 72,746 72,746 0  
BOARD TABLE AND CHAIRS 16,196 16,196 0  
ALARM SYSTEM 4,428 4,428 0  
BUILDING (FINANCE LEASE RIGHT OF USE ASSET) 891,000 582,863 308,137  
SERVER 7,996 7,996 0  
OFFICE FURNITURE 7,469 7,469 0  
COMPUTER EQUIPMENT 3,041 3,041 0  
LEASEHOLD IMPROVEMENTS 2,597 1,694 903  
NOTEBOOK COMPUTERS 6,664 6,664 0  
LEASEHOLD IMPROVEMENTS 13,708 8,465 5,243  
LEASEHOLD IMPROVEMENTS 56,167 33,199 22,968  
WEBSITE UPGRADES 34,370 34,370 0  
CARPET 7,506 7,506 0  
AUTOMOBILE 44,983 44,983 0  
CARRIER INDOOR/OUTDOOR UNIT 35,480 17,638 17,842  


TY 2024 LegalFeesSchedule
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 69,486 30,880   7,003


TY 2024 MortgagesAndNotesPayableSch
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Total Mortgage Amount:  

Item No. 1
Lender's Name DIVERSIFIED CAPITAL-VIRGINIA LLC
Lender's Title  
Relationship to Insider NONE
Original Amount of Loan 510,000
Balance Due 343,934
Date of Note 2015-07
Maturity Date 2025-08
Repayment Terms 2,958 MONTHLY -1ST 12 MO'S; THEN $3,247 MONTHLY; BALLOON PAYMENT AT MATURITY
Interest Rate 5.000000000000
Security Provided by Borrower REAL ESTATE
Purpose of Loan FINANCE THE PURCHASE OF REAL ESTATE INVESTMENT PROPERTY
Description of Lender Consideration N/A
Consideration FMV 343934

Item No. 2
Lender's Name JEROME D COOK SR & BARBARA T COOK
Lender's Title  
Relationship to Insider NONE
Original Amount of Loan 280,000
Balance Due 33,194
Date of Note 2015-09
Maturity Date 2025-09
Repayment Terms 34,521 ANNUALLY
Interest Rate 4.000000000000
Security Provided by Borrower REAL ESTATE
Purpose of Loan FINANCE THE PURCHASE OF REAL ESTATE INVESTMENT PROPERTY
Description of Lender Consideration N/A
Consideration FMV 33194

Item No. 3
Lender's Name INDUSTRIAL DEVELOPMENT AUTHORITY OF DANVILLE
Lender's Title  
Relationship to Insider NONE
Original Amount of Loan 891,000
Balance Due 405,455
Date of Note 2011-12
Maturity Date 2031-11
Repayment Terms 6,105 MONTHLY
Interest Rate 5.450000000000
Security Provided by Borrower BUILDING
Purpose of Loan FINANCE LEASE (FORMERLY TERMED CAPITAL LEASE) - BUILDING
Description of Lender Consideration N/A
Consideration FMV 405455


TY 2024 OtherAssetsSchedule
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INTANGIBLE ASSET, NET OF AMORTIZATION   1,755,647 1,755,647


TY 2024 OtherExpensesSchedule
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MARKETING / PROMOTION 44,803 0   44,803
INSURANCE 37,423 14,392   24,138
SUPPLIES 8,890 0   8,890
POSTAGE 1,427 0   1,427
WEBSITE HOSTING & MAINTENANCE 7,604 0   7,604
SPECIAL INITIATIVES (NON-FUNDRAISING) 249,190 0   249,190
MAINTENANCE & REPAIRS 14,570 11,523   3,047
TELEPHONE 14,506 13,345   1,161
DUES AND SUBSCRIPTIONS 72,297 66,512   5,785
MISCELLANEOUS 64,261 59,120   0
AMORTIZATION 146,304 0   0


TY 2024 OtherIncomeSchedule2
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
RENTAL INCOME FROM INVESTMENTS (NON-DEBT FINANCED) 207,703 207,703 207,703
RENTAL INCOME FROM INVESTMENTS (DEBT FINANCED) 127,120 0 127,120


TY 2024 OtherIncreasesSchedule
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Description Amount
UNREALIZED GAIN ON INVESTMENTS PER AUDITED FINANCIAL STATEMENTS 15,493,691
RETURN OF PRIOR YEAR GRANTS GIVEN 41,602


TY 2024 OtherLiabilitiesSchedule
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED EXCISE TAX 787,885 980,197


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TY 2024 OtherNotesLoansRcvblLongSch
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727

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
VIRGINIA BASED LLC NONE 545,000 624,804 2023-11 2024-11 NO PAYMENTS REQUIRED UNTIL MATURITY DATE 1200.0000000000 % GUARANTEED IN FULL BY AN INDIVIDUAL THROUGH AN UNCONDITIONAL AGREEMENT REAL ESTATE NONE 624,804
KELLY REAL ESTATE LLC NONE 1,500,000 1,485,562 2024-12 2026-12 NO PAYMENTS REQUIRED UNTIL MATURITY DATE 1600.0000000000 % GUARANTEED IN FULL BY AN INDIVIDUAL THROUGH AN UNCONDITIONAL AGREEMENT REAL ESTATE NONE 1,485,562

TY 2024 OtherProfessionalFeesSchedule
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL & BENEFIT ADMINISTRATION FEES 9,504 4,467   5,037
PARTNERSHIP INVESTMENT K-1 EXPENSES 0 593   0
OTHER PROFESSIONAL FEES 408,747 191,741   250,536
INVESTMENT MANAGEMENT AND ADVISORY FEES 1,301,072 1,301,072   0
PROPERTY MANAGEMENT EXPENSES 649,989 649,989   0


TY 2024 TaxesSchedule
Name:
DANVILLE REGIONAL FOUNDATION
EIN:
20-3319727
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES 176,267 0   0
DEFERRED EXCISE TAXES 192,312 0   0