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
SELBY AND RICHARD MCRAE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 13070
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
JACKSON, MS39236
A Employer identification number

64-6026795
B Telephone number (see instructions)

(601) 366-9371
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$36,341,017J 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) 993,556
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,478 2,478  
4 Dividends and interest from securities... 680,734 680,209  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 148,960
b Gross sales price for all assets on line 6a 2,176,781
7 Capital gain net income (from Part IV, line 2)... 148,960
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
59,440 73,446  
12 Total. Add lines 1 through 11........ 1,885,168 905,093  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 46,875 11,719   35,156
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 9,011 2,253   6,758
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,333 0   16,333
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
70,988 70,988   0
17 Interest............... 12,941 12,941   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
13,325 4,896   8,428
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
18,001 4,500  
20 Occupancy.............. 133,698 33,425   100,274
21 Travel, conferences, and meetings....... 3,411 0   3,411
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
179,492 159,873   19,341
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 504,075 300,595   189,701
25 Contributions, gifts, grants paid....... 2,438,391 2,438,391
26 Total expenses and disbursements. Add lines 24 and 25 2,942,466 300,595   2,628,092
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,057,298
b Net investment income (if negative, enter -0-) 604,498
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.............      
2 Savings and temporary cash investments......... 556,193 362,138 362,138
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
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).......... 34,528,940 Click to see attachment
List of Attached Documents:
// Content
35,573,376 		35,573,376
14 Land, buildings, and equipment: basis right arrow587,768
Less: accumulated depreciation (attach schedule) right arrow182,265 422,961 Click to see attachment
List of Attached Documents:
// Content
405,503 		405,503
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 35,508,094 36,341,017 36,341,017
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 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........... 35,508,094 36,341,017
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)..... 35,508,094 36,341,017
30 Total liabilities and net assets/fund balances (see instructions). 35,508,094 36,341,017
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
35,508,094
2
Enter amount from Part I, line 27a .....................
2
-1,057,298
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,890,221
4
Add lines 1, 2, and 3 ..........................
4
36,341,017
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
36,341,017
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 2553.11 SH SCHWAB TOTAL STOCK MARKET INDEX FUND   2022-03-23 2024-10-10
b 5419.47 SH SCHWAB TOTAL STOCK MARKET INDEX FUND   2022-03-23 2024-06-27
c 22003.3 SH GQG PARTNERS EMERGING MARKETS EQUITY FND   2021-10-22 2024-06-10
d 19533.2 SH NATIONWIDE INTL SMALL CAP   2022-03-24 2024-06-10
e 16454.13 SH SCHWAB INTL INDEX FN   2021-10-22 2024-06-10
2968.77 SH SCHWAB TOTAL STOCK MARKET INDEX FD   2022-03-23 2024-02-07
3X5 SPECIAL OPPORTUNITY FUND TERMINATION P 2011-09-21 2024-12-31
BPEA LIFE SCIENCES FUND I TERMINATION P 2006-04-26 2024-12-19
OHA EUROPEAN STRATEGIC CREDIT MASTER FUND TERMINATION P 2012-04-09 2024-10-21
RUBICON GLOBAL INVESTORS LLC TERMINATION P 2014-12-10 2024-12-20
VAPOTHERM INVESTORS LLC TERMINATION P 2012-09-06 2024-10-22
PARTNERSHIP DISTRIBUTIONS IN EXCESS OF BASIS P    
CAPITAL LOSS FROM PASSTHROUGH ENTITIES P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 250,000   195,593 54,407
b 500,000   415,185 84,815
c 400,000   398,706 1,294
d 200,000   194,554 5,446
e 400,000   402,468 -2,468
250,000   227,437 22,563
123,270     123,270
24,751   27,275 -2,524
3,676     3,676
2,908   3,240 -332
2,655   2,655 0
19,521     19,521
    160,708 -160,708
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       54,407
b       84,815
c       1,294
d       5,446
e       -2,468
      22,563
      123,270
      -2,524
      3,676
      -332
      0
      19,521
      -160,708
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 2 148,960
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 8,403
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 8,403
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 8,403
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 14,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 460
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 5,637
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow5,637 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 arrowMS
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 arrowN/A
14
The books are in care ofright arrowRENEE D HOLM CPA Telephone no.right arrow (601) 366-9371

Located atright arrow1200 MEADOWBROOK RD 16JACKSONMS ZIP+4right arrow39206
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
RICHARD D MCRAE JR PRESIDENT
1.00 		0 0 0
PO BOX 13070
JACKSON,MS39236
VAUGHAN W MCRAE VICE-PRESIDENT
1.00 		0 0 0
PO BOX 13070
JACKSON,MS39236
SUSAN MCRAE SHANOR SECRETARY
1.00 		0 0 0
PO BOX 13070
JACKSON,MS39236
RENEE D HOLM EXECUTIVE DIRECTOR
15.00 		46,875 0 4,922
PO BOX 13070
JACKSON,MS39236
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
MARQUETTE ASSOCIATES INC INVESTMENT ADVISORS 64,713
180 N LASALLE ST STE 3500
CHICAGO,IL60601
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
35,322,792
b
Average of monthly cash balances.......................
1b
573,083
c
Fair market value of all other assets (see instructions)................
1c
405,503
d
Total (add lines 1a, b, and c).........................
1d
36,301,378
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
36,301,378
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
544,521
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
35,756,857
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,787,843
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
1,787,843
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
8,403
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,403
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,779,440
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,779,440
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
1,779,440
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
2,628,092
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
2,628,092
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 1,779,440
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...... 2,244,359
b From 2020...... 77,389
c From 2021...... 877,959
d From 2022...... 472,703
e From 2023...... 885,068
f Total of lines 3a through e ........ 4,557,478
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,628,092
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..... 1,779,440
e Remaining amount distributed out of corpus 848,652
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 5,406,130
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) ... 		2,244,359
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		3,161,771
10 Analysis of line 9:
a Excess from 2020.... 77,389
b Excess from 2021.... 877,959
c Excess from 2022.... 472,703
d Excess from 2023.... 885,068
e Excess from 2024.... 848,652
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

BADDOUR CENTER

3297 HIGHWAY 51 S
SENATOBIA,MS38668 		NONE PC TRIP SPONSORSHIP FOR MENTALLY CHALLENGED ADULTS 27,660

BAPTIST HEALTH FOUNDATION

1225 NORTH STATE ST
JACKSON,MS39202 		NONE PC MOBILE CARDIOVASCULAR UNIT 20,000

BETHLEHEM CENTER THE

PO BOX 3522
JACKSON,MS39207 		NONE PC MINISTRY TO INTER-CITY FAMILIES & CHILDREN 12,000

CAMP TWIN LAKES INC

1100 SPRING ST NW SUITE 406
ATLANTA,GA30309 		NONE PC CAMP SPONSORSHIP FOR MENTALLY CHALLENGED CHILDREN 25,000

COMMUNITY FOUNDATION OF MISSISSIPPI

525 EAST CAPITOL ST STE 5B
JACKSON,MS39201 		NONE PC MS BOOK FESTIVAL 40,000

EXPONENT PHILANTHROPY

1720 N STREET NW
WASHINGTON,DC20036 		NONE PC ENHANCE PROGRAMS FOR SMALL FOUNDATIONS 1,660

FRANKLIN ROAD ACADEMY

4700 FRANKLIN PIKE
NASHVILLE,TN37220 		NONE PC CAPITAL CAMPAIGN 100,000

GALLOWAY UNITED METHODIST CHURCH

305 N CONGRESS STREET
JACKSON,MS39201 		NONE PC GENERAL CHURCH BUDGET 104,000

HABITAT FOR HUMANITY OF MISSISSIPPI

PO BOX 55634
JACKSON,MS39296 		NONE PC SURPLUS STORE 25,000

JACKSON PREPARATORY SCHOOL

3100 LAKELAND DR
FLOWOOD,MS39232 		NONE PC CAPITAL CAMPAIGN 200,000

METROPOLITAN OPERA ASSOCIATION INC

30 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		NONE PC GENERAL SUPPORT 20,000

MIDTOWN PARTNERS INC

215 MCTYERE AVE
JACKSON,MS39202 		NONE PC CREATIVE ECONOMY COORDINATOR SALARY 10,000

MISSISSIPPI CENTER FOR JUSTICE

PO BOX 1023
JACKSON,MS39215 		NONE PC PROVIDE LEGAL SERVICES FOR LOW-INCOME PEOPLE OF MISSISSIPPI 125,000

MISSISSIPPI MUSEUM OF ART

201 E PASCAGOULA ST
JACKSON,MS39201 		NONE PC EXHIBIT SPONSORSHIP 50,000

MISSISSIPPI OPERA

PO BOX 1551
JACKSON,MS39215 		NONE PC PROMOTE OPERA APPRECIATION 20,000

MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION

PO BOX 2548
RIDGELAND,MS39158 		NONE PC UNIV OF MS MEDICAL SCHOOL RURAL PHYSICIANS SCHOLARSHIP 35,000

MISSISSIPPI SYMPHONY ORCHESTRA

PO BOX 2052
JACKSON,MS39225 		NONE PC CONCERT SPONSORSHIP 60,000

OPERATION SHOESTRING

PO BOX 11223
JACKSON,MS39283 		NONE PC MINISTRY TO INTER-CITY FAMILIES & CHILDREN 24,000

PASSTHROUGH ENTITY DONATIONS

VARIOUS
VARIOUS,MS99999 		NONE PC UNKNOWN 71

PISGAH LEGAL SERVICES

PO BOX 2276
ASHEVILLE,NC28802 		NONE PC PROVIDE LEGAL SERVICES FOR LOW INCOME PEOPLE OF NC 50,000

SOCIETY RIDGE MISSIONARY BAPTIST CHURCH

3506 GREENS CROSSING RD
JACKSON,MS39209 		NONE PC CHURCH BUILDING FUND 10,000

ST ANDREW'S EPISCOPAL SCHOOL

370 OLD AGENCY ROAD
RIDGELAND,MS39157 		NONE PC CHAPEL, CLASSROOM, & LOWER SCHOOL CONSTRUCTION 275,000

STEWPOT COMMUNITY SERVICES

1100 WEST CAPITOL STREET
JACKSON,MS39203 		NONE PC ASSISTANCE TO HOMELESS PEOPLES 80,000

UNIVERSITY OF NORTH CAROLINA ASHEVILLE FOUNDATION INC

1 UNIVERSITY HEIGHTS
ASHEVILLE,NC28804 		NONE PC STUDENT SCHOLARSHIPS & ATHLETIC ENHANCEMENTS 200,000

VERNER CENTER FOR EARLY LEARNING

2586 RICEVILLE RD
ASHEVILLE,NC28805 		NONE PC GENERAL FUND 25,000

WELLS MEMORIAL UNITED METHODIST CHURCH

2019 BAILEY AVE
JACKSON,MS39213 		NONE PC WELLSFEST EVENT SPONSORSHIP 5,000

WE WILL GO MINISTRIES

806 N FARISH ST
JACKSON,MS39202 		NONE PC LITERACY EXPANSION PROJECT 48,000

WILDLIFE MISSISSIPPI

PO BOX 10
STONEVILLE,MS38776 		NONE PC WILDLIFE CONSERVATION IN MISSISSIPPI 10,000

WILSON RESEARCH FOUNDATION

1350 E WOODROW WILSON
JACKSON,MS39216 		NONE PC NEW EQUIPMENT 50,000

YMCA OF WESTERN NORTH CAROLINA

53 ASHELAND AVE SUITE 105
ASHEVILLE,NC28801 		NONE PC CAMP WATIA 50,000

BALLET MISSISSIPPI

PO BOX 1787
JACKSON,MS39215 		NONE PC NUTCRACKER PERFORMANCE 10,000

BOSTON UNIVERSITY

595 COMMONWEALTH AVE STE 700
BOSTON,MA02215 		NONE PC WOMEN'S LIGHTWEIGHT ROWING PROGRAM 5,000

CHURCH OF ST MICHAEL AND ST GEORGE

PO BOX 11887
ST LOUIS,MO63105 		NONE PC PLAYGROUND CONSTRUCTION 50,000

COMMUNITY FOUNDATION OF WESTERN NC

4 VANDERBILT PARK DR STE 300
ASHEVILLE,NC28803 		NONE PC DISASTER RESPONSE HURRICANE HELENE 50,000

EASTMAN MEMORIAL FOUNDATION

565 N 5TH AVE
MERIDIAN,MS39441 		NONE PC LAUREN ROGERS MUSEUM OF ART SPEAKER SERIES 25,000

FIRST ROBOTICS - LOUISIANA MISSISSIPPI

PO BOX 1661
METAIRIE,LA70004 		NONE PC ROBOTICS TEAM SUPPORT AND EVENT SPONSORSHIP 25,000

MISSISSIPPI CHORUS

PO BOX 13407
JACKSON,MS36236 		NONE PC CHOIR TOUR SPONSORSHIP 1,000

MISSISSIPPI'S TOUGHEST KIDS FOUNDATION

PO BOX 520
CRYSTAL SPRINGS,MS39059 		NONE PC CAMP KAMASSA ACTIVITY CENTER, SIDEWALKS, & FAMILY CABIN 310,000

OPERA THEATRE OF ST LOUIS

210 HAZEL AVE
ST LOUIS,MO63119 		NONE PC GENERAL SUPPORT 5,000

RARE CANCER RESEARCH FOUNDATION

703 FOSTER ST
DURHAM,NC27701 		NONE PC GENERAL SUPPORT 10,000

SPRINGBOARD TO OPPORTUNITIES

518 E CAPITOL ST
JACKSON,MS39201 		NONE PC EDUCATIONAL 529 PLAN PROGRAM 25,000

SUNNYBROOK CHILDREN'S HOME INC

222 SUNNYBROOK RD
RIDGELAND,MS39157 		NONE PC NEW GROUP HOME CONSTRUCTION 25,000

UNIVERSITY PRESS OF MS

3825 RIDGEWOOD RD
JACKSON,MS39211 		NONE PC INTERNSHIP SPONSORSHIP & PUBLICATION COSTS OF MS GOVERNORS MANSION BOOK 5,000

AMERICAN RED CROSS

9 RIVER BEND PLACE 100
JACKSON,MS39232 		NONE PC DISASTER RELIEF HURRICAN HELENE WESTERN NORTH CAROLINA 190,000
Total .................................right arrow 3a 2,438,391
bApproved for future payment

SUNNYBROOK CHILDREN'S HOME INC
222 SUNNYBROOK RD
RIDGELAND,MS39157 		NONE PC NEW GROUP HOME CONSTRUCTION 50,000

UNIVERSITY PRESS OF MS
3825 RIDGEWOOD RD
JACKSON,MS39211 		NONE PC INTERNSHIP SPONSORSHIP 20,000

USA INTERNATIONAL BALLET COMPETITION
PO BOX 3696
JACKSON,MS39207 		NONE PC COMPETITION SPONSORSHIP 25,000

WILSON RESEARCH FOUNDATION
1350 E WOODROW WILSON
JACKSON,MS39216 		NONE PC NEW EQUIPMENT 100,000

GALLOWAY UNITED METHODIST CHURCH
305 N CONGRESS STREET
JACKSON,MS39201 		NONE PC ORGAN REPAIR 432,356
Total ................................. right arrow 3b 627,356
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 2,478  
4 Dividends and interest from securities ....     14 680,734  
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 ..... 900003 59,440      
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 148,960  
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) .. 59,440 832,172 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
891,612
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
SELBY AND RICHARD MCRAE FOUNDATION
 
Employer identification number

64-6026795
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
SELBY AND RICHARD MCRAE FOUNDATION
  		Employer identification number
64-6026795
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
RICHARD D MCRAE CHARITABLE LEAD ANNUITY TRUST
 
PO BOX 13070
 
JACKSON, MS39236

$ 993,556


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
SELBY AND RICHARD MCRAE FOUNDATION
  		Employer identification number

64-6026795
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
SELBY AND RICHARD MCRAE FOUNDATION
  		Employer identification number

64-6026795
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING AND LEGAL 16,333 0   16,333

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

TY 2024 DepreciationSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
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
OFFICE CONDOMINIUM 2016-09-03 515,000 96,292 SL 39.000000000000 13,205 0    
ARTWORK 2017-03-22 28,950 26,884 SL 7.000000000000 2,066 0    
2005 LEXUS 2017-03-22 12,000 12,000 SL 5.000000000000 0 0    
OFFICE EQUIPMENT 2017-03-22 1,200 1,200 SL 5.000000000000 0 0    
OFFICE FURNISHINGS 2017-03-22 10,023 9,308 SL 7.000000000000 715 0    
OFFICE FURNITURE 2017-03-22 20,595 19,123 SL 7.000000000000 1,472 0    

TY 2024 InvestmentsOtherSchedule2
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BAIRD CORE PLUS BOND FUND FMV 3,695,286 3,695,286
NATIONWIDE INTERNATIONAL SMALL CAP FUND FMV 1,043,416 1,043,416
SCHWAB INTERNATIONAL FUND FMV 3,197,042 3,197,042
SCHWAB TOTAL STOCK MARKET INDEX FUND FMV 13,231,148 13,231,148
GQG PARTNERS EMERGING MARKETS EQUITY FUND FMV 1,036,412 1,036,412
3 X 5 SPECIAL OPPORTUNITY FUND, LP FMV 23,400 23,400
3 X 5 RIVERVEST FUND II, LP FMV 80,253 80,253
AMERICAN CENTURY VENTURE FUND I, LP FMV 861,485 861,485
AACP DEBT INVESTORS, LP FMV 17,212 17,212
AACP TAX EXEMPT INVESTORS II, LP FMV 40,733 40,733
AACP TAX EXEMPT INVESTORS IV, LP FMV 495,782 495,782
AA DELAWARE IV, LP FMV 29,312 29,312
ADP INVESTORS II, LLC FMV 775,315 775,315
BERENS AFRICAN DEVELOPMENT PARTNERS LP FMV 139,280 139,280
CORDILLERA INVESTMENT FUND II, LP FMV 603,330 603,330
KCB REAL ESTATE VII LP FMV 911,288 911,288
KEYHAVEN CAPITAL PARTNERS II FMV 27,575 27,575
MORRISON STREET DEBT OPPORTUNITY FUND II FMV 54,008 54,008
NEUBERGER BERMAN US EQUITY INDEX PUTWRITE FUND FMV 1,710,551 1,710,551
OAK HILL CAPITAL PARTNERS IV FMV 104,001 104,001
OAK HILL CAPITAL PARTNERS V FMV 613,472 613,472
SENTAKU INVESTORS LLC FMV 1,629 1,629
SIGHTLINE OPPORTUNITY MANAGEMENT FUND II, LP FMV 82,144 82,144
SIGULER GUFF SMALL BUYOUT OPPORTUNITY FUND V FMV 661,479 661,479
SILVER POINT CAPITAL LP FMV 1,595,652 1,595,652
TA REALTY CORE PROPERTY FUND FMV 887,771 887,771
US WATER AND LAND, LP FMV 515,520 515,520
VENTURE INVESTMENT PARTNERS V, LP FMV 111,248 111,248
VIA ENERGY LP FMV 36,235 36,235
WATER PROPERTY INVESTOR, LP FMV 2,283,376 2,283,376
ZERO MASS WATER INVESTORS LLC FMV 80 80
EXIT 59 PROPERTIES LLC FMV 181,838 181,838
OAK HILL CAPITAL PARTNERS VI FMV 120,250 120,250
RCP MULTI-STRATEGY CAYMAN FEEDER II, LP FMV 301,711 301,711
INDUSTRY VENTURES PARTNERSHIP HOLDINGS VII LP FMV 104,142 104,142

TY 2024 LandEtcSchedule2
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE CONDOMINIUM 515,000 109,497 405,503  
ARTWORK 28,950 28,950 0  
2005 LEXUS 12,000 12,000 0  
OFFICE EQUIPMENT 1,200 1,200 0  
OFFICE FURNISHINGS 10,023 10,023 0  
OFFICE FURNITURE 20,595 20,595 0  


TY 2024 OtherExpensesSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUTOMOBILE EXPENSE 184 0   184
BANK FEES 92 92   0
DUES 2,402 601   1,801
INSURANCE 13,580 0   13,580
POSTAGE & SHIPPING 878 0   878
OFFICE EXPENSE 5,796 2,898   2,898
NON DEDUCTIBLE EXPENSES - FROM PASSTHROUGHS 485 0   0
PORTFOLIO DEDUCTIONS FROM PASSTHROUGHS 149,533 149,533   0
SEC 1231 LOSS FROM PASSTHROUGHS 6,542 6,749   0


TY 2024 OtherIncomeSchedule2
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTY INCOME FROM PASSTHROUGHS 2 4 2
PORTFOLIO INCOME FROM PASSTHROUGHS 7,957 7,822 7,957
RENTAL INCOME FROM PASSTHROUGHTS 10,697 28,108 10,697
ORDINARY INCOME 11,267 7,995 11,267
SEC 1256 STRADDLES 29,517 29,517 29,517


TY 2024 OtherIncreasesSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Description Amount
UNREALIZED APPRECIATION (LOSS) ON ASSETS 1,890,221


TY 2024 OtherProfessionalFeesSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MARQUETTE & ASSOCIATES - INVESTMENTS SERVICES 64,713 64,713   0
TA REALTY - INVESTMENT SERVICES 6,275 6,275   0


TY 2024 TaxesSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES - FROM PASSTHROUGHS 76 76   0
PROPERTY TAXES 11,238 2,809   8,428
STATE INCOME TAXES 2,011 2,011   0