Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE SUNSHINE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)1664 JACKSON STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BARNWELL, SC29812
A Employer identification number

57-1060737
B Telephone number (see instructions)

(803) 259-1404
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$13,203,782J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,590,880
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 338,179 338,179  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 157,252
b Gross sales price for all assets on line 6a 1,067,424
7 Capital gain net income (from Part IV, line 2)... 157,252
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).......      
12 Total. Add lines 1 through 11........ 3,086,311 495,431  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,500 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
32,695 32,695   0
17 Interest............... 1,286 1,286   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,173 3,173   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 40,654 37,154   0
25 Contributions, gifts, grants paid....... 723,872 723,872
26 Total expenses and disbursements. Add lines 24 and 25 764,526 37,154   723,872
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,321,785
b Net investment income (if negative, enter -0-) 458,277
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............. 50,633 89,846 89,846
2 Savings and temporary cash investments......... 71,242 27,754 27,754
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)....... 9,774,607 Click to see attachment
List of Attached Documents:
// Content
13,086,182 		13,086,182
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,896,482 13,203,782 13,203,782
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 9,896,482 13,203,782
29 Total net assets or fund balances (see instructions)..... 9,896,482 13,203,782
30 Total liabilities and net assets/fund balances (see instructions). 9,896,482 13,203,782
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
9,896,482
2
Enter amount from Part I, line 27a .....................
2
2,321,785
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
985,515
4
Add lines 1, 2, and 3 ..........................
4
13,203,782
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
13,203,782
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      
b LONG TERM      
c CAPITAL GAINS DIVIDENDS P    
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 202,689   186,884 15,805
b 864,506   723,288 141,218
c 229     229
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       15,805
b       141,218
c       229
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 2 157,252
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 6,370
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 6,370
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 6,370
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 7,279
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,279
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 909
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow909 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 arrowSC
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 arrowMELISSA GAINEY Telephone no.right arrow (803) 541-3410

Located atright arrow1664 JACKSON STREETBARNWELLSC ZIP+4right arrow29812
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
TERRY E RICHARDSON JR BOARD MEMBER
0.00 		0 0 0
1664 JACKSON STREET
BARNWELL,SC29812
GAIL NESS RICHARDSON BOARD MEMBER
0.00 		0 0 0
1664 JACKSON STREET
BARNWELL,SC29812
KATHERINE J RICHARDSON BOARD MEMBER
0.00 		0 0 0
1664 JACKSON STREET
BARNWELL,SC29812
DAVID G BUNDY BOARD MEMBER
0.00 		0 0 0
1664 JACKSON STREET
BARNWELL,SC29812
BETH BURKE RICHARDSON BOARD MEMBER
0.00 		0 0 0
1664 JACKSON STREET
BARNWELL,SC29812
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
11,368,160
b
Average of monthly cash balances.......................
1b
70,057
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
11,438,217
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
11,438,217
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
171,573
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
11,266,644
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
563,332
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
563,332
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
6,370
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,370
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
556,962
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
556,962
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
556,962
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
723,872
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
723,872
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 7 556,962
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 31,390
f Total of lines 3a through e ........ 31,390
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 723,872
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 556,962
e Remaining amount distributed out of corpus 166,910
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 5 198,300
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		198,300
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 31,390
e Excess from 2024.... 166,910
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

ACE BASIN SERVICES LLC

15833 BENNETTS POINT ROAD
GREEN POND,SC29446 		    ECONOMIC 92

AMERICAN CIVIL LIBERTIES UNION

125 BROAD STREET 18TH FLOOR
NEW YORK CITY,NY10004 		    ECONOMIC 1,000

AIKEN COUNTY BAR

223 OLD WAGNER ROAD
AIKEN,SC29801 		    ECONOMIC 2,500

ALLENDALE COUNTY HOSPITAL

1787 ALLENDALE-FAIRFAX HWY
FAIRFAX,SC29827 		    HEALTH 165,126

ALLENDALE FIRST BAPTIST CHURCH

336 S-3-10
ALLENDALE,SC29810 		    ECONOMIC 500

ALLENDALE PRESBYTERIAN CHURCH

230 FLAT ST W
ALLENDALE,SC29810 		    ECONOMIC 1,500

ATRIUM HEALTH FOUNDATION

7800 PROVIDENCE RD 208
CHARLOTTE,NC28226 		    HEALTH 150

BAMBERG CEMETERY ASSOCIATION

PO BOX 31
BAMBERG,SC29003 		    ECONOMIC 100

BAMBERG FIRST BAPTIST CHURCH

11823 HERITAGE HWY
BAMBERG,SC29003 		    ECONOMIC 25

BARNWELL COUNTY FAMILY YMCA

681-471 JOEY ZORN BVLD
BARNWELL,SC29812 		    HEALTH 1,000

BARNWELL COUNTY FIRST STEPS

PO BOX 776
BARNWELL,SC29812 		    ECONOMIC 5,602

BARNWELL COUNTY HELP LINE

PO BOX 384
BARNWELL,SC29812 		    HEALTH 1,000

BARNWELL COUNTY MUSEUM ASSOCIATION

9426 MARLBORO AVENUE
BARNWELL,SC29812 		    ECONOMIC 30

BARNWELL UNITED METHODIST CHURCH

236 MAIN ST
BARNWELL,SC29812 		    ECONOMIC 7,520

BEEMOK FAMILY FOUNDATION

200 MEETING ST STE 206
CHARLESTON,SC29401 		    EDUCATION 94,102

BIG BEAR ROOFING

1941 SAVAGE ROAD
CHARLESTON,SC29407 		    ECONOMIC 5,000

BLACKVILLE FIRST BAPTIST CHURCH

19449 SOLOMON BLATT AVE
BLACKVILLE,SC29817 		    ECONOMIC 1,600

BLACKVILLE HILDA HIGH SCHOOL

76 ATKINS CIRCLE
BLACKVILLE,SC29817 		    ECONOMIC 100

BLUMENTHAL CENTER OF PERFORMING ARTS

130 N TRYON ST
CHARLOTTE,NC28202 		    ECONOMIC 10,000

CAMP COLE

1571 CROSSING CREEK RD
EASTOVER,SC29044 		    ECONOMIC 200

CAROLINA HONDURAS HEALTH FOUNDATION

299 JACKSON ST
BARNWELL,SC29812 		    HEALTH 6,000

CENTER FOR THE CHILD

524 FRANCIS MARION ROAD
FLORENCE,SC29506 		    ECONOMIC 50,000

CHARACTER RESTORATION INITIATIVE

362 BRYAN STREET
ALLENDALE,SC29810 		    ECONOMIC 500

CHARLESTON JEWISH FEDERATION

176 CROGHAN SPUR ROAD 100
CHARLESTON,SC29407 		    ECONOMIC 100

CHARLESTON PRO BONO LEGAL SERVICES

111 CHURCH ST
CHARLESTON,SC29401 		    ECONOMIC 500

CHARLOTTE CENTER FOR THE ARTS

130 N TRYON ST
CHARLOTTE,NC28202 		    ECONOMIC 2,000

CHILDREN'S MIRACLE NETWORK AND HOMELESS HELP

205 WEST 700 S
SALT LAKE CITY,UT84101 		    ECONOMIC 100

CHILDREN'S RIGHTS

330 SEVENTH AVENUE 4TH FLOOR
NEW YORK CITY,NY10001 		    ECONOMIC 5,000

CLEMSON UNIVERSITY

CLEMSON UNIVERSITY
CLEMSON,SC29634 		    EDUCATIONAL 10,200

CLEMSON BEST IS STANDARD

PO BOX 1529
CLEMSON,SC29633 		    ECONOMIC 111,000

CLEMSON BLUE KEY

159 CLEMSON UNIVERSITY
CLEMSON,SC29634 		    ECONOMIC 150

CLEMSON T-EDWARD ENDOWED SCHLOARSHIP

PO BOX 1899
CLEMSON,SC29631 		    ECONOMIC 1,000

CONSERVATION VOTERS OF SC

712 RICHLAND ST STE A
COLUMBIA,SC29201 		    ECONOMIC 6,000

CUPID'S UNDIE RUN

123 W ASHLEY AVE
FOLLY BEACH,SC29439 		    ECONOMIC 25

DR JOHN RILEY

10 ROUNTREE STREET
WILLISTON,SC29853 		    ECONOMIC 2,000

EASTMINISTER PRESBYTERIAN CHURCH

3200 TRENHOLM ROAD
COLUMBIA,SC29204 		    ECONOMIC 25

EDISTO ISLAND COMMUNITY ASSOCIATION

PO BOX 269
EDISTO ISLAND,SC29438 		    ECONOMIC 3,000

EDISTO ISLAND HISTORIC SOCIETY

8123 CHISOLM PLANTATION ROAD
EDISTO ISLAND,SC29438 		    ECONOMIC 50

EDISTO OPEN LAND TRUST

PO BOX 1
EDISTO ISLAND,SC29438 		    ECONOMIC 1,100

EMMA'S HOUSE

362 BRYAN STREET
ALLENDALE,SC29810 		    ECONOMIC 500

EPISCOPAL CHURCH OF THE HOLY APOSTLES

9357 1/2 PATTERSON ST
BARNWELL,SC29812 		    ECONOMIC 100

EPISCOPAL CHURCH OF EDISTO

PO BOX 239
EDISTO ISLAND,SC29438 		    ECONOMIC 1,200

EPWORTH CHILDREN'S HOME

2900 MILLWOOD AVE
COLUMBIA,SC29205 		    ECONOMIC 500

EQUAL JUSTICE INITIATIVE

122 COMMERCE STREET
MONTGOMERY,AL36104 		    ECONOMIC 100

ETV ENDOWMENT

401 E KENNEDY ST B1
SPARTANBURG,SC29302 		    ECONOMIC 2,000

FAMILIES ENGAGEMENT PROGRAM

2715 W LUCAS STREET ROOM 108
FLORENCE,SC29501 		    ECONOMIC 100

FBC BARNWELL

161 AIKEN ST
BARNWELL,SC29812 		    ECONOMIC 100

FISTUAL & MUSO

548 MARKET STREET
SAN FRANCISCO,CA94104 		    ECONOMIC 1,119

FMU AFRICAN AMERICAN FACULTY STAFF COALTITION

524 FRANCIS MARION RD
FLORENCE,SC29506 		    EDUCATIONAL 125

FMU CENTER FOR THE CHILD

PO BOX 100547
FLORENCE,SC29502 		    ECONOMIC 10,000

FMU GAIL NESS RICHARDSON SCHOLARSHIP

524 FRANCIS MARION RD
FLORENCE,SC29506 		    EDUCATIONAL 500

RT DR AIKO THOMPSON'S LAB

171 ASHLEY AVENUE
CHARLESTON,SC29425 		    ECONOMIC 1,000

HEIFER INTERANTIONAL

1 WORLD AVENUE
LITTLE ROCK,AR72202 		    ECONOMIC 5,120

INDIAN WATERS COUNCIL

715 BETSY DR B6
COLUMBIA,SC29210 		    ECONOMIC 2,500

JB BURNELL

3002 MYRTLE STREET
EDISTO ISLAND,SC29438 		    ECONOMIC 150

JAMIE TOWNE

PO BOX 936
BARNWELL,SC29812 		    ECONOMIC 100

JUDSON BARNES

653 WASHINGTON STREET
BARNWELL,SC29812 		    ECONOMIC 100

KAPPA DELTA CHI BROTHERHOOD SCHOLARSHIP

PO BOX 1889
CLEMSON,SC29633 		    ECONOMIC 200

LAMBDA LEGAL

120 WALL STREET 19TH FLOOR
NEW YORK,NY10005 		    ECONOMIC 200

LANDER UNIVERSITY

320 STANLEY AVE
GREENWOOD,SC29649 		    EDUCATIONAL 2,000

LEUKEMIA & LYMPHOMA SOCIETY

1311 MAMARONECK AVE STE 310
WHITE PLAINS,NY10605 		    HEALTH 2,000

LIBERTY FELLOWSHIP

431 EAST KENNEDY STREET
SPARTANBURG,SC29302 		    ECONOMIC 2,000

MELINDA WILSON

110 FRANKIN STREET
BARNWELL,SC29812 		    ECONOMIC 100

META-PAYPAL GIVING FUND

1250 1 ST NW STE 1202
WASHINGTON,DC20005 		    ECONOMIC 110

MIRCI

2750 LAUREL STREET THIRD FLOOR
COLUMBIA,SC29204 		    ECONOMIC 250

MT LEBANON CHRISTIAN CHURCH

420 CHRISTIAN ROAD
BARNWELL,SC29812 		    ECONOMIC 100

NATURE CONSERVANCY

801 GERVAIS ST STE 202
COLUMBIA,SC29201 		    ENVIRONMENTAL 15,200

NEVERTHIRST

1112A EDENTON ST
BIRMINGHAM,AL35242 		    HEALTH 1,000

NICHOLS AMERICAN LEGION POST 82

208 E FLOYD STREET
NICHOLS,SC29581 		    ECONOMIC 50

PLANNED PARENTHOOD

4751 N 15TH STREET
PHOENIX,AZ85014 		    ECONOMIC 300

PRESBYTERIAN COLLEGE

503 SOUTH BROAD STREET
CLINTON,SC29325 		    EDUCATIONAL 8,000

QUEEN'S UNIVERSITY

1900 SELWYN AVE
CHARLOTTE,NC28274 		    EDUCATIONAL 1,500

RICHALND COUNTY BAR

950 TAYLOR STREET STE 3 C
COLUMBIA,SC29201 		    ECONOMIC 1,000

RICHLAND COUNTY PUBLIC EDUCATION PARTNERS

PO BOX 50860
COLUMBIA,SC29250 		    ECONOMIC 5,000

ROSE CLARK

1222 GARDEN ROAD
BARNWELL,SC29812 		    ECONOMIC 100

SC APPLESEED LEGAL JUSTICE CENTER

1518 WASHINGTON ST
COLUMBIA,SC29201 		    ECONOMIC 5,000

SC ENVIRONMENTAL LAW PROJECT

430 HIGHMARKET ST
GEORGETOWN,SC29440 		    ECONOMIC 2,500

SC TECHNICAL COLLEGE SYSTEM FOUNDATION

111 EXECUTIVE CENTER DRIVE
COLUMBIA,SC29210 		    EDUCATIONAL 6,500

SC WREN

1201 MAIN STREET SUITE 320
COLUMBIA,SC29201 		    ECONOMIC 5,000

CHARLESTON SCHOOL OF THE ARTS

5109 W ENTERPRISE ST
NORTH CHARLESTON,SC29405 		    EDUCATIONAL 500

SHINING HOPE FARMS

328 WHIPPOORWILL LANE
MT HOLLY,NC28120 		    ECONOMIC 5,000

SOA HIGH SCHOOL ORCHESTRA

5109 W ENTERPRISE ST B
NORTH CHARLESTON,SC29405 		    ECONOMIC 500

SOUTHERN ENVIRONMENTAL LAW CENTER

463 KING STREET SUITE B
CHARLESTON,SC29403 		    ENVIRONMENTAL 2,000

STAR ACADEMY KIDS

322 SHETLAND LANE
LEXINGTON,SC29073 		    ECONOMIC 1,700

THE COPD FOUNDATION

PO BOX 160112
MIAMI,FL33116 		    ECONOMIC 25

THE LEARNING COLLABORATIVE

3241 SAM DRENAN RD
CHARLOTTE,NC28205 		    ECONOMIC 8,000

THE NATURE CONSERVANCY

2231 DEVINE ST SUITE 100
COLUMBIA,SC29205 		    ECONOMIC 1,000

THE SOUP KITCHEN

161 ALLEN STREET
BARNWELL,SC29812 		    ECONOMIC 100

THOMAS DAVIS

1359 WILLOW WOODS DRIVE
AIKEN,SC29803 		    ECONOMIC 500

TRI-COUNTY COMMUNITY FOUNDATION

2142 BOYCE ST 402
COLUMBIA,SC29201 		    ECONOMIC 40,225

TRINITY UNITED METHODIST CHURCH

11761 HERITAGE HWY
BAMBERG,SC29003 		    ECONOMIC 25

TURN 90

630 BLUE RIDGE TERRACE
COLUMBIA,SC29203 		    ECONOMIC 2,000

UNDUE MEDICAL DEBT

PO BOX 411675
BOSTON,MA02241 		    ECONOMIC 200

UNITED METHODIST VOLUNTEERS IN MISSION

143 GLENBROOKE CIRCLE
COLUMBIA,SC29204 		    ECONOMIC 100

UNITED MINISTRIES

606 PENDLETON STREET
GREENVILLE,SC29601 		    ECONOMIC 25

USC EDUCATION FOUNDATION

1027 BARNWELL ST
COLUMBIA,SC29208 		    EDUCATIONAL 150

USC SCHOOL OF LAW

701 MAIN ST
COLUMBIA,SC29208 		    EDUCATIONAL 12,000

USC MATTHEW AND TERRY ENDOWMENT SCHOLARSHIP

514 MAIN STREET
COLUMBIA,SC29208 		    ECONOMIC 33,333

WE ARE FAMILY FOUNDATION

MIDTOWN STATION
NEW YORK CITY,NY10018 		    ECONOMIC 8,000

WILL NESS

118 QUEEN STREET
GEORGETOWN,SC29440 		    ECONOMIC 250

WILLIAMSBURG ACADEMY BOOSTER CLUB

1000 SANDY BAY ROAD
KINGSTREE,SC29556 		    EDUCATIONAL 25

WILLISTON UNITED METHODIST CHURCH

6030 SPRINGFIELD RD
WILLISTON,SC29853 		    ECONOMIC 25

WOODBERRY FOREST SCHOOL

898 WOODBERRY FOREST RD
WOODBERRY FOREST,VA22989 		    EDUCATIONAL 10,000

MISCELLANEOUS FAMILIES

1664 JACKSON STREET
BARNWELL,SC29812 		    ECONOMIC 18,868
Total .................................right arrow 3a 723,872
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 ........... 		         
4 Dividends and interest from securities ....     14 338,179  
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 ............ 		    14 157,252  
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) .. 0 495,431 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
495,431
(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
THE SUNSHINE FOUNDATION INC
 
Employer identification number

57-1060737
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
THE SUNSHINE FOUNDATION INC
  		Employer identification number
57-1060737
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
BLANC FUND
150 N AVALON ROAD
 
WINSTONSALEM, NC27104

$ 111,251


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
TERRY RICHARDSON JR
1664 JACKSON ST
 
BARNWELL, SC29812

$ 2,479,629


(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
THE SUNSHINE FOUNDATION INC
  		Employer identification number

57-1060737
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
2
 ALPS ETF TRUST - ALERIAN MLP E CMN (QNTY 8,000) $ 375,840 2024-09-12
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 ALPS ETF TRUST - ALERIAN MLP E CMN (QNTY 10,000) $ 469,800 2024-09-12
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 ENERGY SELECT SECTOR SPDR FUND ETF (QNTY 4,000) $ 340,440 2024-09-12
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 ENERGY SELECT SECTOR SPDR FUND ETF (QNTY 5,000) $ 425,550 2024-09-12
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 SPDR S&P DIVIDEND ETF ETF (QNTY 5,835) $ 811,007 2024-09-12
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 SOUTHSTATE CORP CMN (QNTY 308) $ 28,496 2024-09-12
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
THE SUNSHINE FOUNDATION INC
  		Employer identification number

57-1060737
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
2
 SOUTHSTATE CORP CMN (QNTY 308) $ 28,496 2024-09-12
(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
THE SUNSHINE FOUNDATION INC
  		Employer identification number

57-1060737
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:
THE SUNSHINE FOUNDATION INC
EIN:
57-1060737
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 3,500 0   0

TY 2024 AppliedToPriorYearElection
Name:
THE SUNSHINE FOUNDATION INC
EIN:
57-1060737
Election:
PURSUANT TO CODE SEC. 4942(H)(2) AND REG. 53.4942 (A)-3(D)(2), THE SUNSHINEFOUNDATION, INC. ELECTS TO TREAT THE 2015 TAX YEAR UNDISTRIBUTED INCOME TOWARDCURRENT YEAR QUALIFYING DISTRIBUTIONS.

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
THE SUNSHINE FOUNDATION INC
EIN:
57-1060737
Statement:
SOUTH CAROLINA NO LONGER REQUIRES A COPY OF FORM 990-PF TO BE FILED WITH THE STATE ATTORNEY GENERAL'S OFFICE.

TY 2024 InvestmentsCorpStockSchedule
Name:
THE SUNSHINE FOUNDATION INC
EIN:
57-1060737
Name of Stock End of Year Book Value End of Year Fair Market Value
MARKETABLE SECURITIES/MUTUAL FUNDS 13,086,182 13,086,182

TY 2024 OtherIncreasesSchedule
Name:
THE SUNSHINE FOUNDATION INC
EIN:
57-1060737
Description Amount
UNREALIZED PORTFOLIO GAIN 985,515


TY 2024 OtherProfessionalFeesSchedule
Name:
THE SUNSHINE FOUNDATION INC
EIN:
57-1060737
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEES 32,488 32,488   0
BANK FEES 207 207   0


TY 2024 TaxesSchedule
Name:
THE SUNSHINE FOUNDATION INC
EIN:
57-1060737
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,173 3,173   0