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
MASON AND LULA COLE CHARITABLE TUA 600008015
 
Number and street (or P.O. box number if mail is not delivered to street address)4804 COURTHOUSE ST STE 1A
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILLIAMSBURG, VA23188
A Employer identification number

26-6779458
B Telephone number (see instructions)

(804) 435-4246
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$4,322,249J 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 Check right arrow.............
3 Interest on savings and temporary cash investments 28,641 28,641  
4 Dividends and interest from securities... 72,720 72,459  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 280,148
b Gross sales price for all assets on line 6a 619,525
7 Capital gain net income (from Part IV, line 2)... 280,148
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 381,509 381,248  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 40,545 40,545    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
600 0 0 600
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
10,136 10,136   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,472 972   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 53,753 51,653 0 600
25 Contributions, gifts, grants paid....... 240,000 240,000
26 Total expenses and disbursements. Add lines 24 and 25 293,753 51,653 0 240,600
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 87,756
b Net investment income (if negative, enter -0-) 329,595
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 51,217 53,611 53,611
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 220,464 Click to see attachment
List of Attached Documents:
// Content
218,180 		196,752
b Investments—corporate stock (attach schedule)....... 1,512,042 Click to see attachment
List of Attached Documents:
// Content
1,451,763 		3,242,613
c Investments—corporate bonds (attach schedule)....... 694,024 Click to see attachment
List of Attached Documents:
// Content
843,129 		829,273
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)..........     0
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) 2,477,747 2,566,683 4,322,249
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 2,477,747 2,566,683
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)..... 2,477,747 2,566,683
30 Total liabilities and net assets/fund balances (see instructions). 2,477,747 2,566,683
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
2,477,747
2
Enter amount from Part I, line 27a .....................
2
87,756
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,180
4
Add lines 1, 2, and 3 ..........................
4
2,566,683
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
2,566,683
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 150. AFLAC INC COM   2009-09-24 2024-02-07
b 50. AFLAC INC COM   2009-09-24 2024-10-29
c 62. ALLSTATE CORP COM   2009-01-29 2024-02-07
d 26. ALLSTATE CORP COM   2009-01-29 2024-10-29
e 75. ALPHABET INC CAP STK CL A   2018-12-06 2024-10-29
168.34 BNSF RAILWAY CO SER 2006 2 CL 2006 2 5.629% DTD 08/09/2006 DUE   2014-12-08 2024-08-05
300. BRISTOL MYERS SQUIBB CO COM   2019-05-23 2024-02-07
50. CLOROX CO COM   2009-01-29 2024-02-07
24. META PLATFORM, INC.   2021-02-10 2024-10-29
3. FAIR ISAAC CORP COM   2019-10-08 2024-10-29
5000. FEDERAL HOME LN MTG CORP 6.00% DTD 08/16/2023 DUE 08/16/2028   2023-11-27 2024-02-16
50000. FIDELITY NATL INFORMATION SVCS SR GLBL 0.60% DTD 03/02/2021 DUE   2023-03-29 2024-03-01
25000. GOLDMAN SACHS GROUP INC FR 6.00% DTD 07/03/2023 DUE 07/02/2026   2024-02-22 2024-10-03
110. ISHARES RUSSELL MID-CAP ETF   2009-05-21 2024-02-07
107. ISHARES RUSSELL MID-CAP ETF   2009-05-21 2024-10-29
40. ISHARES RUSSELL 2000 ETF   2009-05-21 2024-02-07
42. ISHARES RUSSELL 2000 ETF   2023-10-17 2024-10-29
487. ISHARES U.S. FINANCIALS ETF   2022-07-11 2024-10-29
20. LILLY ELI & CO COM   2009-01-29 2024-02-07
40. LILLY ELI & CO COM   2009-01-29 2024-10-29
30. LULULEMON ATHLETICA INC COM   2020-10-07 2024-02-07
20. LULULEMON ATHLETICA INC COM   2020-10-07 2024-10-29
2353.014 MFS INTERNATIONAL DIVERSIFICATION FUND CLASS I #1832   2020-06-23 2024-10-29
67. MICROSOFT CORP COM   2008-10-16 2024-02-07
140. MONDELEZ INTL INC COM   2019-05-22 2024-02-07
48. NEXTERA ENERGY INC COM   2009-12-01 2024-02-07
100. NEXTERA ENERGY INC COM   2009-12-01 2024-10-29
5000. OLD REP INTL CORP SR NT 4.875% DTD 09/25/2014 DUE 10/01/2024   2016-12-06 2024-10-01
30. PROLOGIS INC COM   2020-10-07 2024-02-07
280. SELECT SECTOR SPDR TR COMMUNICATION SVCS SELECT SECTOR   2022-10-04 2024-02-07
23. SHERWIN WILLIAMS CO COM   2019-05-22 2024-02-07
21. SHERWIN WILLIAMS CO COM   2019-05-22 2024-10-29
25000. SHERWIN WILLIAMS CO SR NT 4.05% DTD 08/10/2022 DUE 08/08/2024   2022-08-09 2024-08-08
264. UNITED PARCEL SVC INC CL B   2023-10-17 2024-10-29
4000. US TREASURY BILL DUE 12/12/2024   2024-07-09 2024-12-12
132. VALERO ENERGY CORP NEW COM   2009-12-01 2024-02-07
199. WALMART INC.   2023-10-17 2024-10-29
125. WINGSTOP INC COM   2018-12-06 2024-02-07
17. WINGSTOP INC COM   2018-12-06 2024-10-29
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 11,743   3,108 8,635
b 5,500   1,036 4,464
c 9,818   1,468 8,350
d 4,867   615 4,252
e 12,736   4,014 8,722
168   184 -16
14,571   14,148 423
7,828   2,530 5,298
14,155   6,473 7,682
6,031   911 5,120
5,000   5,000  
47,924   47,924  
25,000   25,000  
8,583   1,718 6,865
9,500   1,671 7,829
7,735   1,920 5,815
9,298   7,317 1,981
52,765   17,877 34,888
14,535   761 13,774
36,203   1,522 34,681
13,795   10,135 3,660
6,102   6,757 -655
58,308   47,343 10,965
27,597   1,512 26,085
10,519   7,311 3,208
2,695   647 2,048
8,009   1,321 6,688
5,000   5,000  
3,916   2,473 1,443
22,041   13,231 8,810
7,147   3,317 3,830
7,616   3,028 4,588
25,000   25,000  
35,647   41,510 -5,863
3,913   3,913  
18,471   1,949 16,522
16,353   10,706 5,647
36,499   7,946 28,553
6,302   1,081 5,221
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
      635
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       8,635
b       4,464
c       8,350
d       4,252
e       8,722
      -16
      423
      5,298
      7,682
      5,120
       
       
       
      6,865
      7,829
      5,815
      1,981
      34,888
      13,774
      34,681
      3,660
      -655
      10,965
      26,085
      3,208
      2,048
      6,688
       
      1,443
      8,810
      3,830
      4,588
       
      -5,863
       
      16,522
      5,647
      28,553
      5,221
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 280,148
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 4,581
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 4,581
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 4,581
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,500
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 3,081
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowCHESAPEAKE TRUST COMPANY Telephone no.right arrow (804) 435-4246

Located atright arrowP O BOX 1419KILMARNOCKVA ZIP+4right arrow22482
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
CHESAPEAKE TRUST COMPANY TRUSTEE
10 		40,545    
P O BOX 1419
KILMARNOCK,VA22482
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 arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
4,255,252
b
Average of monthly cash balances.......................
1b
70,886
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,326,138
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
4,326,138
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
64,892
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,261,246
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
213,062
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
213,062
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
4,581
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,581
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
208,481
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
208,481
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
208,481
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
240,600
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
240,600
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 7 208,481
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...... 78,561
b From 2020...... 59,691
c From 2021...... 37,344
d From 2022...... 65,957
e From 2023...... 50,767
f Total of lines 3a through e ........ 292,320
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 240,600
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..... 208,481
e Remaining amount distributed out of corpus 32,119
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 5 324,439
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) ... 		78,561
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		245,878
10 Analysis of line 9:
a Excess from 2020.... 59,691
b Excess from 2021.... 37,344
c Excess from 2022.... 65,957
d Excess from 2023.... 50,767
e Excess from 2024.... 32,119
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

PRESERVATION NORTHERN NECK
ATTN EDWARD WHITE
P O BOX 691
WARSAW,VA22572 		NONE PC CHARITABLE 1,000

Northern Neck Family YMCA

39 WILLIAM B GRAHAM CT
Kilmarnock,VA22482 		NONE PC CHARITABLE 5,000

THE BAY CENTER

PO BOX 938
KILMARNOCK,VA22482 		NONE 501 C 3 SUPPORT 4,000

LANCASTER COUNTY VA EDUCATION FDN

PO BOX 928
KILMARNOCK,VA22482 		NONE PC SUPPORT 9,000

SHIRLEY PERKINS MEMORIAL FUND
FOR ANIMALS
810 GRIFFINS LANDING RD
LANCASTER,VA22503 		NONE PC CHARITABLE 2,000

BOYS AND GIRLS CLUB OF THE
NORTHERN NECK
P O BOX 564
KILMARNOCK,VA22482 		NONE PC CHARITABLE 15,000

LEGAL AID WORKS

500 LAFAYETTE BOULEVARD
FREDERICKSBURG,VA22401 		NONE PC CHARITABLE 5,000

SMITH POINT SEA RESCUE INC

P O BOX 662
BURGESS,VA22432 		NONE PC CHARITABLE 14,000

HEALTHY HARVEST FOOD BANK

5116 RICHMOND RD
Warsaw,VA22572 		NONE PC SUPPORT 10,000

NORTHERN NECK LAND CONSERVANCY

PO BOX 125
LANCASTER,VA22503 		NONE PC CHARITABLE PURPOSES 4,000

LANCOVA PARTNERS FOR PETS INC DBA
NORTHERN NECK PARTNERS FOR PETS
PO BOX 361
IRVINGTON,VA22480 		NONE PC SUPPORT 4,000

LANCASTER PLAYERS INC

PO BOX 731
WHITE STONE,VA225780731 		NONE 501 C 3 SUPPORT 5,000

THE LINK

PO BOX 443
Sterling,VA201670443 		NONE PC CHARITABLE 6,000

THE RWC FOUNDATION

132 LANCASTER DRIVE
IRVINGTON,VA22480 		NONE PC CHARITABLE 9,000

HAMPDEN SYDNEY COLLEGE
ESTER T ATKINSON MUSEUM
PO BOX 745
HAMPDEN SYDNEY,VA23943 		NONE 501C3 SUPPORT 10,000

CAMP KEKOKA

1083 BOYS CAMP RD
Kilmarnock,VA22482 		NONE PC CHARITABLE 10,000

LANCASTER COMMUNITY LIBRARY

235 SCHOOL STREET
KILMARNOCK,VA22482 		NONE PC CHARITABLE 8,000

CHESAPEAKE ACADEMY INC

107 STEAMBOAT ROAD
IRVINGTON,VA22480 		NONE PC EDUCATIONAL 6,000

LANCASTER VA HISTORICAL SOCIETY
MARY BALL WASHINGTON MUSEUM
PO BOX 97
Lancaster,VA22503 		NONE PC SUPPORT 4,000

ANIMAL WELFARE LEAGUE
C/O JUDY HARVELL
P O BOX 975
WHITE STONE,VA22578 		NONE PC CHARITABLE 3,000

WESTMORELAND PLAYERS

PO BOX 253
CALLAO,VA22435 		NONE PC CHARITABLE 14,000

BON SECOURS RICHMOND HEALTH
CARE FOUNDATION
5855 BREMO ROAD SUITE 100
RICHMOND,VA23226 		NONE 501 C 3 SUPPORT 5,000

RAPPAHANNOCK ART LEAGUE

19 NORTH MAIN STREET
KILMARNOCK,VA22482 		NONE 501C3 SUPPORT 10,000

RAPPAHANNOCK FOUNDATION FOR THE ARTS

708 RAPPAHANNOCK DRIVE
White Stone,VA22578 		NONE PC CHARITABLE 10,000

GREATER REEDVILLE ASSOCIATION INC

PO BOX 306
REEDVILLE,VA225390306 		NONE 501 C 3 SUPPORT 3,000

RICES HOTEL-HUGHLETTS TAVERN
FOUNDATION INC
PO BOX 579
HEATHSVILLE,VA224730579 		NONE 501 C 3 SUPPORT 4,000

YOUTH CLUB OF LANCASTER COUNTY INC

PO BOX 1491
KILMARNOCK,VA224821491 		NONE 501 C 3 SUPPORT 6,000

Northern Neck - Middlesex Free Health
Clinic
PO BOX 1694
Kilmarnock,VA22482 		NONE PC CHARITABLE 15,000

NORTHERN NECK ORCHESTRA

P O BOX 263
KILMARNOCK,VA22482 		NONE PC CHARITABLE 5,000

STEAMBOAT ERA MUSEUM

156 KING CARTER DRIVE
IRVINGTON,VA22480 		NONE PC SUPPORT 9,000

THE HAVEN SHELTER AND SERVICES INC

P O BOX 1267
WARSAW,VA22572 		NONE PC CHARITABLE 10,000

RAPPAHANNOCK CONCERT ASSOCIATION

201 ACADEMIC LN
Heathsville,VA22473 		NONE PC SUPPORT 5,000

NORTHERN NECK SAIL AND POWER SQUADRON

2949 HARRY HOGAN ROAD
CALLAO,VA22435 		NONE PC CHARITABLE 6,000

GARFIELD'S RESCUE INC

PO BOX 257
KILMARNOCK,VA22482 		NONE PC CHARITABLE 4,000
Total .................................right arrow 3a 240,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 28,641  
4 Dividends and interest from securities ....     14 72,720  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 280,148  
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) ..   381,509  
13Total. Add line 12, columns (b), (d), and (e)..................
13
381,509
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
MASON AND LULA COLE CHARITABLE TUA 600008015
EIN:
26-6779458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 600     600

TY 2024 InvestmentsCorpBondsSchedule
Name:
MASON AND LULA COLE CHARITABLE TUA 600008015
EIN:
26-6779458
Name of Bond End of Year Book Value End of Year Fair Market Value
ADVANCE AUTO PARTS INC 5.95% D 25,660 25,226
APPALACHIAN PWR CO SR NT 5.95% 4,981 5,069
COCA COLA USA SR DEB 6.95% DTD 51,452 52,024
KELLOG CO SR GLBO NT 3.25% DTD 25,088 24,589
OLD REPUBLIC INTL CORP 4.875%    
BARCLAYS BANK PLC 4% 9/30/25 20,020 19,942
BNSF RAILWAY CO 5.629% REMIC 4    
WELLS FARGO & CO NEW SR GLBL N 14,972 14,672
CAMPBELL SOUP CO 3.3% 3/19/25 24,859 24,917
CONAGRA BRANDS INC SR NT 6.625 4,708 4,985
CONOCOPHILLIPS SR NT 6.95% DTD 27,273 27,109
WEYERHAEUSER CO 6.875% 12/15/3 5,413 5,464
JPMORGAN CHASE CO 3.200% 6/15/ 24,839 24,527
SOUTHWEST AIRLINES CO 3.000% 1 24,656 24,158
ASSOCIATED BANC CORP SUB GLBL 25,013 24,990
TEXTRON INC SR GLBL NT 4.00% D 24,944 24,751
FRESNO CALIF JT PWRS FING AUTH 10,010 9,976
NATIONAL RURAL UTILS COOP FIN 14,588 13,968
DOMINION RES INC VA NEW SR B N 19,511 19,865
SPDR PORTFOLIO MORTGAGE BACKED 112,199 111,090
CITIGROUP INC FR 3.4% DTD 08/1 37,399 32,615
JPMORGAN CHASE & CO FR 2% DTD 20,000 17,970
MASCO CORP SR GLBL 3.5% DTD 06 25,000 24,077
MERCURY GENL CORP NEW SR GLBL 10,565 9,800
WELLS FARGO & CO FR 1.35% DTD 25,000 21,807
GOLDMAN SACHS GROUP INC SR GLB 18,079 17,599
JOHNSON CONTROLS INTL SR GLBO 9,968 9,902
SHERWIN WILLIAMS CO SR NT 4.05    
WELLS FARGO & CO 4% DTD 05/27/ 10,000 9,868
EAGLE BANK BETHESDA MD CTF DEP 30,000 30,211
FEDERAL HOME LN MTG CORP 6% DT    
FIDELITY NATL INFO SVCS GLBL .    
LITTLE CO MARY HOSP IND INC 20 17,942 18,923
MORGAN STANLEY BK CTF DEP 5.1% 4,001 4,003
SOUTH CAROLINA ELE & GAS CO 4. 24,017 24,234
VERISIGN INC SR GLBL NT 5.25% 10,010 9,998
WELLS FARGO BK CTF DEP 5.2% DT 19,002 19,015
ANHEUSER BUSCH COS INC SR GLBL 27,515 27,323
INGREDION INC NT 6.625% DTD 04 31,603 30,896
CORNING INC SR GLBL NT 7.25% D 16,589 16,440
ENTERGY TEXAS INC 1M GLBL 1.50 10,060 10,411
JERSEY CENT PWR & LT CO SR NT 16,205 16,734
ROYAL BK CDA FR 6.00% DTD 08/2 19,988 20,125

TY 2024 InvestmentsCorpStockSchedule
Name:
MASON AND LULA COLE CHARITABLE TUA 600008015
EIN:
26-6779458
Name of Stock End of Year Book Value End of Year Fair Market Value
AFLAC INC    
ABBOTT LABS 4,440 24,092
ALLSTATE CORP    
AMGEN INC 3,810 20,851
PUBLIC STORAGE COM 16,841 17,966
CLOROX CO DEL 2,530 8,121
GENERAL DYNAMICS CORP 7,146 42,158
ILLINOIS TOOL WORKS INC 3,932 19,017
ISHARES TR US FINL ETF 18,604 113,123
ISHARES MSCI EAFE 120,476 189,025
JOHNSON & JOHNSON 6,513 14,462
MCDONALDS CORP 16,641 41,744
MICROSOFT CORP 7,516 140,360
PROCTER & GAMBLE CO 32,345 44,763
VALERO ENERGY CORP NEW 635 5,271
FISERV INC 1,276 20,542
NEXTERA ENERGY INC COMMON 3,858 20,933
TEXAS INSTRUMENTS INC 4,922 37,502
UNION PACIFIC CORP 9,444 42,187
ORACLE CORP 2,606 16,664
UNITEDHEALTH GRP INC 6,636 25,293
JPMORGAN CHASE & CO 8,230 55,852
APPLE INC 12,550 194,076
ABBVIE INC 4,295 33,763
WAL-MART STORES INC 11,296 38,399
CHEVRON CORP 18,817 30,706
AMERIPRISE FINANCIAL 4,950 26,622
ISHARES RUSSELL 2000 ETF 24,088 104,514
ISHARES RUSSELL MID CAP ETF 18,448 104,577
SCHWAB INTERNATIONAL EQUITY ET 76,576 98,272
HONEYWELL INTL INC 13,222 22,589
ISHARES EMERGING MARKETS ETF 54,902 53,111
L3 TECHNOLOGIES INC COM 4,022 30,491
MORGAN STANLEY COM NEW 15,709 44,002
PEPSICO INC 15,510 20,224
VANGUARD CHARLOTTE FDS INTL BD 63,144 61,558
WINGSTOP INC COM 509 2,274
LILLY ELI & CO COM 3,425 69,480
THERMO FISHER CORP COM 18,392 39,017
ALPHABET INC CAP STK CL A 28,096 99,383
SELECT SECTOR SPDR TR COMMUNIC 27,036 59,635
SEMPRA 9,227 11,404
ADOBE INC 16,488 26,681
AMAZON.COM INC COM 46,654 109,695
AMERICAN EXPRESS CO COM 11,871 29,679
BRISTOL MYERS SQUIBB CO COM    
FAIR ISAAC CORP COM 11,230 73,664
INTUIT COM 25,516 65,993
KEYSIGHT TECHNOLOGIES INC COM 17,073 29,717
MERCK & CO INC NEW COM 12,420 15,419
MONDELEZ INTL INC COM 4,439 5,077
SELECT SECTOR SPDR TR MATLS 14,892 23,812
SERVICENOW INC COM 18,615 74,208
SHERWIN WILLIAMS CO COM 10,670 25,155
UNITED PARCEL SVC INC CL B    
VISA INC COM CL A 20,316 39,505
META PLATFORM, INC CL A 29,699 73,774
HOME DEPOT INC COM 40,246 54,459
LULULEMON ATHLETICA INC COM    
MFS INTL DIVERSIFICATION FUND 47,342 53,743
ISHARES TR BROAD USD HIGH YIEL 68,898 62,175
PROLOGIS INC COM 29,169 32,239
SELECT SECTOR SPDR HEALTHCARE 14,345 15,133
SELECT SECTOR SPDR CONSUMER ST 24,041 25,941
SEL SECTOR SPDR CONSUMER DISCR 35,490 55,190
SELECT SECTOR SPDR ENERGY 38,182 40,860
SEL SECTOR SPDR TECHNOLOGY 74,243 128,119
SELECT SECTOR SPDR UTILS 20,459 23,842
SELECT SECTOR SPDR TR INDL 39,469 38,210
XTRACKERS MSCI EAFE HEDGED EQU 77,381 76,300

TY 2024 InvestmentsGovtObligationsSch
Name:
MASON AND LULA COLE CHARITABLE TUA 600008015
EIN:
26-6779458
US Government Securities - End of Year Book Value:

 
US Government Securities - End of Year Fair Market Value:

 
State & Local Government Securities - End of Year Book Value:


218,180
State & Local Government Securities - End of Year Fair Market Value:


196,752


TY 2024 OtherIncreasesSchedule
Name:
MASON AND LULA COLE CHARITABLE TUA 600008015
EIN:
26-6779458
Description Amount
THROW BACKS 2025 TO 2024 0
THROW BACKS 2024 TO 2023 752
2023 EXTENSION PAID IN 2024 150
ACCRUED INTEREST ADJUSTMENTS 274
ROUNDING 4


TY 2024 OtherProfessionalFeesSchedule
Name:
MASON AND LULA COLE CHARITABLE TUA 600008015
EIN:
26-6779458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 10,136 10,136    


TY 2024 TaxesSchedule
Name:
MASON AND LULA COLE CHARITABLE TUA 600008015
EIN:
26-6779458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL ESTIMATES - PRINCIPAL 1,500 0   0
FOREIGN TAXES ON QUALIFIED FOR 825 825   0
FOREIGN TAXES ON NONQUALIFIED 147 147   0