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
ALBEMARLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4250 CONGRESS STREET STE 900
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Charlotte, NC28209
A Employer identification number

20-4798471
B Telephone number (see instructions)

(980) 299-5531
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$30,194,136J 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) 26,965
2 Check right arrow.............
3 Interest on savings and temporary cash investments 167,990 167,990  
4 Dividends and interest from securities... 487,146 487,146  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 666,107
b Gross sales price for all assets on line 6a 16,436,999
7 Capital gain net income (from Part IV, line 2)... 666,107
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0 0 0
12 Total. Add lines 1 through 11........ 1,348,208 1,321,243 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 28,133     28,133
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,300 650 0 650
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
222,523 208,523 0 14,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
8,096 8,096 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
12,755 12,755 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 272,807 230,024 0 42,783
25 Contributions, gifts, grants paid....... 3,650,082 3,650,082
26 Total expenses and disbursements. Add lines 24 and 25 3,922,889 230,024 0 3,692,865
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,574,681
b Net investment income (if negative, enter -0-) 1,091,219
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,520,292 2,656,986 2,656,986
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,657,985 Click to see attachment
List of Attached Documents:
// Content
3,726,640 		3,726,640
b Investments—corporate stock (attach schedule)....... 15,357,256 Click to see attachment
List of Attached Documents:
// Content
16,325,591 		16,325,591
c Investments—corporate bonds (attach schedule)....... 2,461,656 Click to see attachment
List of Attached Documents:
// Content
1,904,449 		1,904,449
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans............. 2,747,771 1,043,848 1,043,848
13 Investments—other (attach schedule).......... 1,602,371 Click to see attachment
List of Attached Documents:
// Content
4,536,622 		4,536,622
14 Land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 29,347,331 30,194,136 30,194,136
Liabilities 17 Accounts payable and accrued expenses.......... 234,157 0
18 Grants payable................. 951 0
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 235,108 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........... 12,205,904 11,966,574
25 Net assets with donor restrictions............ 16,906,319 18,227,562
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)..... 29,112,223 30,194,136
30 Total liabilities and net assets/fund balances (see instructions). 29,347,331 30,194,136
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
29,112,223
2
Enter amount from Part I, line 27a .....................
2
-2,574,681
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,656,594
4
Add lines 1, 2, and 3 ..........................
4
30,194,136
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
30,194,136
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 Short Term Gains P    
b Long Term Gains P    
c Capital Gains Dividends      
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 4,156,028   4,035,627 120,401
b 12,280,963   11,735,265 545,698
c 8     8
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     0 120,401
b     0 545,698
c     0 8
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 2 666,107
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 15,168
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-) Click to see attachment
List of Attached Documents:
// Content
2 0
3 Add lines 1 and 2........................... 3 15,168
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 15,168
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 17,874
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,874
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 2,706
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow2,706 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
 
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 arrowLA, NC, TX, VA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.ALBEMARLEFOUNDATION.ORG
14
The books are in care ofright arrowThe Organization Telephone no.right arrow (980) 299-5531

Located atright arrow4250 CONGRESS STREET STE 900CharlotteNC ZIP+4right arrow28209
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
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
Donald James Jim Labauve Director/Treasurer
0.25 		0 0 0
4250 CONGRESS STREET STE 900
Charlotte,NC28209
Kent J Masters Director/President
0.25 		0 0 0
4250 CONGRESS STREET STE 900
Charlotte,NC28209
Cynthia Lima Director
0.25 		0 0 0
4250 CONGRESS STREET STE 900
Charlotte,NC28209
Melissa Anderson Director
0.25 		0 0 0
4250 CONGRESS STREET STE 900
Charlotte,NC28209
Netha Johnson Director
0.25 		0 0 0
4250 CONGRESS STREET STE 900
Charlotte,NC28209
Dru J Manuel Director
0.25 		0 0 0
4250 CONGRESS STREET STE 900
Charlotte,NC28209
Meredith Bandy Director
0.25 		0 0 0
4250 CONGRESS STREET STE 900
Charlotte,NC28209
Timitra Hildebrandt-Jones Executive Director
0.25 		0 0 0
4250 CONGRESS STREET STE 900
Charlotte,NC28209
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
 
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
 
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
27,606,234
b
Average of monthly cash balances.......................
1b
4,015,524
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
31,621,758
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
 
3
Subtract line 2 from line 1d.........................
3
31,621,758
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
474,326
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
31,147,432
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,557,372
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
1,557,372
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
15,168
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
15,168
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,542,204
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,542,204
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,542,204
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,692,865
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
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,692,865
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 1,542,204
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, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 5,629,296
b From 2020...... 5,323,491
c From 2021...... 5,222,828
d From 2022...... 4,494,271
e From 2023...... 4,301,741
f Total of lines 3a through e ........ 24,971,627
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,692,865
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..... 1,542,204
e Remaining amount distributed out of corpus 2,150,661
5 Excess distributions carryover applied to 2024.   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 27,122,288
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...... 		 
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) ... 		5,629,296
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		21,492,992
10 Analysis of line 9:
a Excess from 2020.... 5,323,491
b Excess from 2021.... 5,222,828
c Excess from 2022.... 4,494,271
d Excess from 2023.... 4,301,741
e Excess from 2024.... 2,150,661
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:
The Organization
4250 Congress street STE 800
Charlotte,NC28209
(980) 299-5531
bThe form in which applications should be submitted and information and materials they should include:
SEE https://www.albemarle.com/about/albemarle-foundation
cAny submission deadlines:
SEE https://www.albemarle.com/about/albemarle-foundation
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE https://www.albemarle.com/about/albemarle-foundation
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

NORTH CAROLINA HOME BUILDERS ASSOC EDUCATIONAL & CHARITABLE FOUNDATIO

PO BOX 99090
RALEIGH,NC276249090 		N/A PC Program Assistance 35,000

DRESS FOR SUCCESS CHARLOTTE

500-A CLANTON ROAD
CHARLOTTE,NC282170000 		N/A PC Program Assistance 5,000

FOUNDATION FOR THE CAROLINAS

220 N TRYON ST
CHARLOTTE,NC282022137 		N/A PC Program Assistance 100,000

Project Scientist

4117 Park Rd Unit 11291
Charlotte,NC28209 		N/A PC Program Assistance 25,000

BEST BUDDIES INTERNATIONAL INC

100 SE 2ND ST STE 2200
MIAMI,FL331312151 		N/A PC Program Assistance 5,000

CYSTIC FIBROSIS FOUNDATION

4550 Montgomery Ave
Bethesda,MD20814 		N/A PC Program Assistance 3,000

UNIVERSITY OF VIRGINIA LAW SCHOOL FOUNDATION

580 MASSIE RD
CHARLOTTESVLE,VA229031738 		N/A PC Program Assistance 2,500

CENTER FOR ENRICHED LIVING

280 SAUNDERS RD
RIVERWOODS,SC600153835 		N/A PC Program Assistance 1,000

Adam Wong

277 E Loma Vista St
Covina,CA91723 		N/A PC Program Assistance 500

Taylor Stewart

1301 Berwick Circle
Birmingham,AL35242 		N/A PC Program Assistance 500

UNIVERSITY OF VIRGINIA ALUMNI ASSOCIATION

211 EMMET ST S
CHARLOTTESVLE,VA229032431 		N/A PC Program Assistance 500

William Takewell

41140 James Robert Drive
Hammond,LA70403 		N/A PC Program Assistance 500

YORK PREPARATORY ACADEMY INC

PO BOX 4018
ROCK HILL,SC297326018 		N/A PC Program Assistance 350

PENNSBURY SCHOLARSHIP FOUNDATION

134 YARDLEY AVE
FALLSINGTON,PA190541119 		N/A PC Program Assistance 250

LEUKEMIA & LYMPHOMA SOCIETY INC

3 INTERNATIONAL DR STE 200
RYE BROOK,NY105737501 		N/A PC Program Assistance 100

SUMMIT CHURCH-HOMESTEAD HEIGHTS BAPTIST CHURCH INC

2335 PRESIDENTIAL DR STE 114
DURHAM,NC277038063 		N/A PC Program Assistance 100

Cordarius McLean

7329 Winchester Dr
Tampa,FL33615 		N/A PC Program Assistance 500

Jacqueline Alexander

816 Vestavia Villa Ct
Vestavia Hills,AL35226 		N/A PC Program Assistance 500

Stephanie Mariano

is 168 Algonquin St
Brockton,MA02302 		N/A PC Program Assistance 500

George and Missouri Bell Foundation

10626 Honeyfur Court
Charlotte,NC28278 		N/A PC Program Assistance 2,000

Myers Park United Methodist Church

1501 Queens Road
Charlotte,NC28207 		N/A PC Program Assistance 2,000

Nourish Up

PO Box 680791
CHARLOTTE,NC28216 		N/A PC Program Assistance 2,000

UPTOWN CHRIST COVENANT CHURCH

926 ELIZABETH AVE
CHARLOTTE,NC282042223 		N/A PC Program Assistance 1,800

Immanuel Baptist Church

1823 E North St Po Box 578
Magnolia,AR71753 		N/A PC Program Assistance 1,500

NINETEENTH CENTURY CHARITABLE ASSOCIATION

178 FOREST AVE
OAK PARK,IL603011122 		N/A PC Program Assistance 1,500

OPPORTUNITY INTERNATIONAL INC

101 N WACKER DR STE 1150
CHICAGO,IL60606 		N/A PC Program Assistance 1,500

RAZORBACK FOUNDATION INC

1295 S RAZORBACK RD STE A
FAYETTEVILLE,AR727018003 		N/A PC Program Assistance 1,000

ST PAUL UNITED METHODIST CHURCH

PO BOX 2600
REIDSVILLE,NC273232600 		N/A PC Program Assistance 1,000

Dahlia Grove

4321 woodglen Lane
Charlotte,NC28226 		N/A PC Program Assistance 515

COMPASSIONS FOUNDATION

PO BOX 1734
MAGNOLIA,AR717541734 		N/A PC Program Assistance 250

GRACE CHRISTIAN COUNSELING CENTER

1414 CHERRY ST
VICKSBURG,MS391803218 		N/A PC Program Assistance 250

NATIONAL MULTIPLE SCLEROSIS SOCIETY

4200 INNSLAKE DR STE 301
GLEN ALLEN,VA230606772 		N/A PC Program Assistance 250

NATIONAL MULTIPLE SCLEROSIS SOCIETY

8111 N STADIUM DR STE 100
HOUSTON,TX770541844 		N/A PC Program Assistance 250

ASSOCIATION FOR COMMUNITY BROADCASTING

4343 ELGIN
HOUSTON,TX772040007 		N/A PC Program Assistance 200

FOREIGN LANGUAGE ACADEMIC PTO INC

4510 Bawell Street
Baton Rouge,LA70808 		N/A PC Program Assistance 200

PINE LAKE PREPARATORY INC

104 YELLOW WOOD CIR
MOORESVILLE,NC281156100 		N/A PC Program Assistance 153

NATIONAL PARK FOUNDATION

1500 K St NW Ste 700
Washington,DC20005 		N/A PC Program Assistance 150

NATIONAL PARKS CONSERVATION ASSOCIATION

777 6TH STREET NW SUITE 700
WASHINGTON,DC200013723 		N/A PC Program Assistance 150

WOODLAND HEIGHTS PTO INC

288 FOREST LAKE BLVD
MOORESVILLE,NC281175918 		N/A PC Program Assistance 143

MITCHELL BAYS TURNER PEDIATRIC FUND INC

PO Box 11835
Charlotte,NC28220 		N/A PC Program Assistance 112

24 Foundation

PO Box 31007
Charlotte,NC28231 		N/A PC Program Assistance 100

FRIENDS OF THE EVELYN M MEADOR COMMUNITY LIBRARY

PO BOX 684
SEABROOK,TX775860684 		N/A PC Program Assistance 100

MICHAEL J FOX FOUNDATION FOR PARKINSONS RESEARCH

PO BOX 4777
NEW YORK,NY101634777 		N/A PC Program Assistance 100

Parkinson's Foundation

1359 Broadway Ste 1509
New York,NY10018 		N/A PC Program Assistance 100

THE NATURE CONSERVANCY

721 Government Street suite 200
Baton Rouge,LA70802 		N/A PC Program Assistance 100

WILDERNESS SOCIETY

1615 M ST NW LBBY 2
WASHINGTON,DC200363258 		N/A PC Program Assistance 100

NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC

NCSU BOX 7207
RALEIGH,NC276950001 		N/A PC Program Assistance 50

Parkinson's Foundation

200 SE 1st Street Suite 800
Miami,FL33131 		N/A PC Program Assistance 50

YOUNG BLACK LEADERSHIP ALLIANCE

4112 OLD PINEVILLE RD
CHARLOTTE,NC282171764 		N/A PC Program Assistance 3,000

BOYS & GIRLS OF MAGNOLIA

1600 Hollenswaorth
MAGNOLIA,AR71753 		N/A PC Program Assistance 21,250

BAYOU CITY FELLOWSHIP

9597 JONES ROAD 351
HOUSTON,TX770654815 		N/A PC Program Assistance 3,000

PRESBYTERIAN CHURCH USA FOUNDATION

200 E 12TH ST
JEFFERSONVLLE,IN471303854 		N/A PC Program Assistance 3,000

ST PAUL LUTHERAN SCHOOL

718 ARBOR COURT
SOUTH HAVEN,MI490901959 		N/A PC Program Assistance 3,000

Trinity Worship Center Inc

148 Academy Drive
Springhill,LA71075 		N/A PC Program Assistance 3,000

TURNING POINT USA INC

CO SALLY WAGENMAKER
PHOENIX,AZ850440000 		N/A PC Program Assistance 3,000

BLESSED SACRAMENT PARISH OF MIDLAND

3109 SWEDE AVE
MIDLAND,MI486423842 		N/A PC Program Assistance 1,750

CLOVER HIGH SCHOOL CHORAL BOOSTER CLUB

PO BOX 836
CLOVER,SC297100836 		N/A PC Program Assistance 1,030

PRAGER UNIVERSITY FOUNDATION

15021 VENTURA BLVD
SHERMAN OAKS,CA914032442 		N/A PC Program Assistance 500

ROMAN CATHOLIC DIOCESE BATON ROUGE

PO BOX 2028
BATON ROUGE,LA708212028 		N/A PC Program Assistance 500

SOCIETY OF ST VINCENT DE PAUL BATON ROUGE COUNCIL

PO BOX 127
BATON ROUGE,LA708210127 		N/A PC Program Assistance 250

USAFA ENDOWMENT INC

3116 ACADEMY DR UNIT 200
USAF ACADEMY,CO808404403 		N/A PC Program Assistance 250

24 Foundation

801 E MOREHEAD ST STE 308
CHARLOTTE,NC282022606 		N/A PC Program Assistance 200

ST LUKES EPISCOPAL CHURCH

8833 GOODWOOD BLVD
BATON ROUGE,LA708067919 		N/A PC Program Assistance 200

ETV ENDOWMENT OF SOUTH CAROLINA INC

401 EAST KENNEDY STREET SUITE B-1
SPARTANBURG,SC293021970 		N/A PC Program Assistance 150

American Cancer Society Inc

10528 Kentshire Court
Baton Rouge,LA70810 		N/A PC Program Assistance 100

GREATER BATON ROUGE FOOD BANK INC

10600 S CHOCTAW DR
BATON ROUGE,LA708151826 		N/A PC Program Assistance 100

SOCIETY OF ST VINCENT DE PAUL BATON ROUGE COUNCIL

PO BOX 127
BATON ROUGE,LA708210127 		N/A PC Program Assistance 100

ST JUDE CHILDRENS RESEARCH HOSPITAL INC

262 DANNY THOMAS PL MSC 512
MEMPHIS,TN38105 		N/A PC Program Assistance 100

ST JUDE CHILDRENS RESEARCH HOSPITAL INC

262 DANNY THOMAS PL MSC 512
MEMPHIS,TN381053678 		N/A PC Program Assistance 100

THE SALVATION ARMY

PO Box 15467
BATON ROUGE,LA70895 		N/A PC Program Assistance 100

WORLD CENTRAL KITCHEN INCORPORATED

200 Massachusetts Ave NW
Washington,DC20001 		N/A PC Program Assistance 100

PUBLIC RADIO INC

3050 VALLEY CREEK DR
BATON ROUGE,LA708083145 		N/A PC Program Assistance 75

University of Texas Foundation - UT MD Anderson Cancer Center

PO Box 250
Austin,TX787670250 		N/A PC Program Assistance 75

MIT Student Financial Services

77 Massachusetts Ave Room 11-120
Cambridge,MA02139 		N/A PC Program Assistance 5,000

University of Wisconsin Madison

333 E Campus Mall 9701
Madison,WI537151382 		N/A PC Program Assistance 5,000

Immanuel Baptist Church

1823 E North St Po Box 578
Magnolia,AR71753 		N/A PC Program Assistance 2,850

Baylor University Madison Cobb

One Bear Place 97028
Waco,TX767987028 		N/A PC Program Assistance 2,500

Charleston Southern University

9200 University Blvd
Charleston,SC29406 		N/A PC Program Assistance 2,500

Financial Aid and Scholarships

1146 Pleasant Hall
Baton Rouge,LA70803 		N/A PC Program Assistance 2,500

Georgetown University

White Gravenor Building Lower Leve
3700 O St NW Box 571252
Washington DC,DC20057 		N/A PC Program Assistance 2,500

North Carolina State University

2831 Thurman Drive
Raleigh,NC27695 		N/A PC Program Assistance 2,500

North Carolina State University

2831 Thurman Drive
Raleigh,NC27695 		N/A PC Program Assistance 2,500

Office of Financial Aid

1701 North State Street Box 151150
Jackson,MS39210 		N/A PC Program Assistance 2,500

Purdue University

Stewart Center Room G18 128 Memoria
l Mall
West Lafeyette,IN47907 		N/A PC Program Assistance 2,500

SOUTHWESTERN DIABETIC FOUNDATION INC

PO BOX 918
GAINESVILLE,TX762410918 		N/A PC Program Assistance 2,500

University of South Carolina Henrietta Gifford

1244 Bloom Street Suite 200
Columbia,SC29208 		N/A PC Program Assistance 2,500

University of South Carolina Lennox Windsor

1244 Bloom Street Suite 200
Columbia,SC29208 		N/A PC Program Assistance 2,500

Washington University in St Louis Student Financial Services

One Bookings Drive
St Louis,MO631304899 		N/A PC Program Assistance 2,500

NORTH SHORE ROTARY CLUB CHARITABLE FOUNDATION INC

PO BOX 9635
HOUSTON,TX772130635 		N/A PC Program Assistance 1,500

LEUKEMIA & LYMPHOMA SOCIETY INC

3 INTERNATIONAL DR STE 200
RYE BROOK,NY105737501 		N/A PC Program Assistance 1,000

ST JUDE CHILDRENS RESEARCH HOSPITAL INC

262 DANNY THOMAS PL MSC 512
MEMPHIS,TN381053678 		N/A PC Program Assistance 250

ST JUDE CHILDRENS RESEARCH HOSPITAL INC

262 DANNY THOMAS PL MSC 512
MEMPHIS,TN38105 		N/A PC Program Assistance 250

Crawfish Agape International

10522 SOUTH GLENSTONE PLACE
Baton Rouge,LA70810 		N/A PC Program Assistance 120

Lock Haven University Student Accounts Office

223 Ulmer Hall
Lock Haven,PA17745 		N/A PC Program Assistance 2,500

Office of Financial Aid

114 Silas Hunt Hall 1 University of
Arkansas
Fayetteville,AR72701 		N/A PC Program Assistance 2,500

Forvis

PO Box 602828
Charlotte,NC28260 		N/A PC Program Assistance 1,300

ST JUDE CHILDRENS RESEARCH HOSPITAL INC

262 DANNY THOMAS PL MSC 512
MEMPHIS,TN38105 		N/A PC Program Assistance 1,200

NATIONAL EXCHANGE CLUB FOUNDATION INC

3050 W CENTRAL AVE
TOLEDO,OH436061757 		N/A PC Program Assistance 1,000

MADDIES FOOTPRINTS

234 RUE BEAUREGARD STE 201
LAFAYETTE,LA705083285 		N/A PC Program Assistance 500

INTERNATIONAL RESCUE COMMITTEE INC

122 EAST 42ND STREET
NEW YORK,NY101680002 		N/A PC Program Assistance 400

GATEWAY REGION YOUNG MENS CHRISTIAN ASSOCIATION

326 SOUTH 21ST ST
ST LOUIS,MO631032267 		N/A PC Program Assistance 100

PLANNED PARENTHOOD FEDERATION OF AMERICA INC

434 WEST 33RD ST 12TH FLR
NEW YORK,NY100012601 		N/A PC Program Assistance 100

WILLIAM J BRENNAN JR CENTER FOR JUSTICE INC

120 BROADWAY STE 1750
NEW YORK,NY102710202 		N/A PC Program Assistance 100

Financial Aid and Scholarships and Hua Zhong

PO Box 30016
College Station,TX778423016 		N/A PC Program Assistance 2,500

Paige Hartsgrove

13303 Barons Cove Ln
Pearland,TX77584 		N/A PC Program Assistance 2,500

San Jacinto College - Financial Aid Office

8060 Spencer Highway
Pasadena,TX77505 		N/A PC Program Assistance 2,500

Triniti Jackson

201 Drake Run Lane
Dickinson,TX77539 		N/A PC Program Assistance 2,500

University of South Carolina Sidney Bui

1244 Bloom Street Suite 200
Columbia,SC29208 		N/A PC Program Assistance 2,500

University of Virginia Student Financial Services

1001 Emmet St N
Charlottesville,VA22903 		N/A PC Program Assistance 2,500

Community Math Academy

PO Box 687
Shelby,NC28150 		N/A PC Program Assistance 5,000

HEART MATH TUTORING INC

1100 S MINT ST STE 107
CHARLOTTE,NC282034058 		N/A PC Program Assistance 75,000

FIRST UNITED METHODIST CHURCH-MAGNOLIA

320 WEST MAIN STREET
MAGNOLIA,AR71753 		N/A PC Program Assistance 3,000

ARTS COUNCIL OF POINTE COUPEE

PO BOX 669
NEW ROADS,LA707600669 		N/A PC Program Assistance 1,000

FIRST UNITED METHODIST CHURCH-MAGNOLIA

320 WEST MAIN STREET
MAGNOLIA,AR71753 		N/A PC Program Assistance 1,000

AARP FOUNDATION

601 E ST NW
WASHINGTON,DC200490001 		N/A PC Program Assistance 500

Saint Aloysius Catholic Church

2025 Stuart Avenue
Baton Rouge,LA70808 		N/A PC Program Assistance 250

SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC

PO BOX 7187
ORANGEBURG,SC291170001 		N/A PC Program Assistance 210

SAMARITAN HOUSE

1580 MIDDLETON ST
ORANGEBURG,SC291154788 		N/A PC Program Assistance 50

SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS BOARD OF TRUSTEES

PO BOX 451
ORANGEBURG,SC291160451 		N/A PC Program Assistance 50

YMCA OF GREATER CHARLOTTE

400 E MOREHEAD ST
CHARLOTTE,NC282022606 		N/A PC Program Assistance 5,000

Dream Girls University

11917 BRYTON PKWY
HUNTERSVILLE,NC280783853 		N/A PC Program Assistance 2,500

ARTS COUNCIL OF POINTE COUPEE

PO BOX 669
NEW ROADS,LA707600669 		N/A PC Program Assistance 1,000

LSU ALUMNI ASSOCIATION

3838 W LAKESHORE DR
BATON ROUGE,LA708084600 		N/A PC Program Assistance 100

FIRST UNITED METHODIST CHURCH-MAGNOLIA

320 WEST MAIN STREET
MAGNOLIA,AR71753 		N/A PC Program Assistance 3,000

Digi-Bridge

1026 Jay Street
CHARLOTTE,NC28208 		N/A PC Program Assistance 1,000

Catholic High School

855 HEARTHSTONE DRIVE
Baton Rouge,LA70806 		N/A PC Program Assistance 250

LSU HEALTH SCIENCES FOUNDATION IN SHREVEPORT

1501 KINGS HIGHWAY BOX 105 AHB
SHREVEPORT,LA711034228 		N/A PC Program Assistance 250

ST JOSEPH'S ACADEMY

3015 BROUSSARD ST
BATON ROUGE,LA70808 		N/A PC Program Assistance 250

National Environmental Education Foundation

1730 Rhode Island Avenue NW Suite 4
01
Washington DC,DC20036 		N/A PC Program Assistance 80,000

NC Home Builders Educational and Charitable Foundation

5580 Centerview Drive Suite 415
Raleigh,NC27606 		N/A PC Program Assistance 35,000

The UK Online Giving Foundation

4 More London Riverside
London   SE12AU
UK 		N/A PC Program Assistance 7,012

American National Red Cross

PO BOX 37295
WASHINGTON,DC20013 		N/A PC Program Assistance 250,000

Pasadena ISD Education Foundation

1515 Cherrybrook Ln
Pasadena,TX77502 		N/A PC Program Assistance 5,000

The UK Online Giving Foundation

4 More London Riverside
London   SE12AU
UK 		N/A PC Program Assistance 10,280

Footprint Project

PO Box 19389
New Orleans,LA70179 		N/A PC Program Assistance 50,000

American Online Giving Foundation

40 East Main Street Suite 887
Newark,DE19711 		N/A PC Program Assistance 1,359,587

The UK Online Giving Foundation

4 More London Riverside
London   SE12AU
UK 		N/A PC Program Assistance 3,130

Communities In Schools of Charlotte

601 E 5th St Ste 300
Charlotte,NC28202 		N/A PC Program Assistance 9,000

The UK Online Giving Foundation

4 More London Riverside
London   SE12AU
UK 		N/A PC Program Assistance 10

American Online Giving Foundation

40 East Main Street Suite 887
Newark,DE19711 		N/A PC Program Assistance 176,032

The UK Online Giving Foundation

4 More London Riverside
London   SE12AU
UK 		N/A PC Program Assistance 7,360

American Online Giving Foundation

40 East Main Street Suite 887
Newark,DE19711 		N/A PC Program Assistance 10

American Online Giving Foundation

40 East Main Street Suite 887
Newark,DE19711 		N/A PC Program Assistance 89,287

Granny's Goodies of Illinois

1550 PARK AVE W
Highland Park,IL60035 		N/A PC Program Assistance 9,795

Trustees of Boston College

140 Commonwealth Ave
Chestnut Hill,MA02467 		N/A PC Program Assistance 14,000

American Online Giving Foundation

40 East Main Street Suite 887
Newark,DE19711 		N/A PC Program Assistance 1,081,146

Junior Achievement International China Inc

5-201 Building 5
Ju Long Garden   68
CH 		N/A PC Program Assistance 50,000
Total .................................right arrow 3a 3,650,082
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		    14 167,990  
4 Dividends and interest from securities ....     14 487,146  
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 ............ 		    18 666,107  
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) .. 0 1,321,243 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,321,243
(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: 24020961
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
ALBEMARLE FOUNDATION
EIN:
20-4798471
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 1,300 650   650

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

TY 2024 ExpenditureResponsibilityStmt
Name:
ALBEMARLE FOUNDATION
EIN:
20-4798471
Software ID:
24020961
Software Version:
2024v5.1
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
Junior Achievement International China Inc
  		5-201 Building 5
Ju Long Garden    
CH 		2024-06-21 50,000 Youth Programs 50,000 None 05/24/2025 2025-05-24 Funds Spent on Intended Charitable Purposes

TY 2024 InvestmentsCorpBondsSchedule
Name:
ALBEMARLE FOUNDATION
EIN:
20-4798471
Software ID:
24020961
Software Version:
2024v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS (SEE ATTACHMENT) 1,904,449 1,904,449

TY 2024 InvestmentsCorpStockSchedule
Name:
ALBEMARLE FOUNDATION
EIN:
20-4798471
Software ID:
24020961
Software Version:
2024v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK (SEE ATTACHMENT) 16,325,591 16,325,591

TY 2024 InvestmentsGovtObligationsSch
Name:
ALBEMARLE FOUNDATION
EIN:
20-4798471
Software ID:
24020961
Software Version:
2024v5.1
US Government Securities - End of Year Book Value:

3,726,640
US Government Securities - End of Year Fair Market Value:

3,726,640
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:
ALBEMARLE FOUNDATION
EIN:
20-4798471
Software ID:
24020961
Software Version:
2024v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Cash and Money Accounts AT COST 782,272 782,272
mutual funds AT COST 3,639,962 3,639,962
Other bonds AT COST 114,388 114,388

TY 2024 OtherExpensesSchedule
Name:
ALBEMARLE FOUNDATION
EIN:
20-4798471
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Amortization of Bond Premiums 12,755 12,755    


TY 2024 OtherIncreasesSchedule
Name:
ALBEMARLE FOUNDATION
EIN:
20-4798471
Software ID:
24020961
Software Version:
2024v5.1
Description Amount
OTHER ADJUSTMENT 3,656,594


TY 2024 OtherProfessionalFeesSchedule
Name:
ALBEMARLE FOUNDATION
EIN:
20-4798471
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Fees 208,523 208,523    
Outside Contractor Expenses 14,000     14,000


TY 2024 TaxesSchedule
Name:
ALBEMARLE FOUNDATION
EIN:
20-4798471
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Taxes 8,096 8,096