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 Mitchell Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 311
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
McLean, VA221010311
A Employer identification number

54-1852192
B Telephone number (see instructions)

(703) 759-4258
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$5,644,757J 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) 100,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 5,101 5,101  
4 Dividends and interest from securities... 223,073 223,073  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 94,897
b Gross sales price for all assets on line 6a 2,262,858
7 Capital gain net income (from Part IV, line 2)... 94,914
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........ 423,071 323,088  
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
5,300 2,650   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,003 2,359   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,640 24,640   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 34,943 29,649   0
25 Contributions, gifts, grants paid....... 310,000 310,000
26 Total expenses and disbursements. Add lines 24 and 25 344,943 29,649   310,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 78,128
b Net investment income (if negative, enter -0-) 293,439
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............. 89,010 69,212 69,212
2 Savings and temporary cash investments.........      
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)....... 5,296,697 Click to see attachment
List of Attached Documents:
// Content
5,391,906 		5,575,477
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) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
68 		Click to see attachment
List of Attached Documents:
// Content
68
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,385,707 5,461,186 5,644,757
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) Click to see attachment
List of Attached Documents:
// Content
2,961 		Click to see attachment
List of Attached Documents:
// Content
312
23 Total liabilities (add lines 17 through 22)......... 2,961 312
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........... 5,382,746 5,460,874
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 5,382,746 5,460,874
30 Total liabilities and net assets/fund balances (see instructions). 5,385,707 5,461,186
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
5,382,746
2
Enter amount from Part I, line 27a .....................
2
78,128
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,460,874
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
5,460,874
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 0.50 shs GE VERNOVA INC   2015-09-28 2024-04-02
b 2 Shs CALL GPC OCT 145 EXP 10/18/24   2024-10-21 2024-10-21
c 432 Shs ALTRIA GROUP INC   2024-05-21 2024-08-16
d 700 Shs BANK OF AMERICA CORP   2024-01-23 2024-02-16
e 675 Shs BANK OF AMERICA CORP   2024-01-23 2024-03-15
25 Shs BANK OF AMERICA CORP   2024-02-22 2024-03-15
659 Shs BANK OF AMERICA CORP   2024-02-22 2024-05-17
541 Shs BANK OF AMERICA CORP   2024-03-18 2024-05-17
96 Shs BANK OF AMERICA CORP   2024-03-18 2024-10-18
604 Shs BANK OF AMERICA CORP   2024-05-22 2024-10-18
507 Shs BANK OF AMERICA CORP   2024-05-22 2024-11-15
93 Shs BANK OF AMERICA CORP   2024-10-22 2024-11-15
470 Shs BAXTER INTL INC   2023-07-26 2024-02-16
130 Shs BAXTER INTL INC   2023-12-21 2024-02-16
5 Shs CALL MS JAN 87 5 EXP 01/19/24   2024-01-22 2024-01-22
9 Shs CALL O JAN 57 5 EXP 01/19/24   2024-01-22 2024-01-22
166 Shs BRISTOL-MYERS SQUIBB CO   2023-11-14 2024-07-19
90 Shs BRISTOL-MYERS SQUIBB CO   2024-01-29 2024-07-19
218 Shs BRISTOL-MYERS SQUIBB CO   2024-05-31 2024-07-19
28 Shs BRISTOL-MYERS SQUIBB CO   2024-05-31 2024-07-24
600 Shs BRISTOL-MYERS SQUIBB CO   2024-09-25 2024-11-15
5 Shs CALL JCI APR 65 EXP 04/19/24   2024-04-22 2024-04-22
6 Shs CALL JCI FEB 57 5 EXP 02/16/24   2024-02-20 2024-02-20
7 Shs CALL CSCO JUN 47 5 EXP 06/21/24   2024-06-24 2024-06-24
469 Shs CISCO SYS INC   2023-07-26 2024-07-19
406 Shs CISCO SYS INC   2023-08-22 2024-07-19
83 Shs CISCO SYS INC   2024-01-29 2024-07-19
306 Shs CISCO SYS INC   2024-03-20 2024-07-19
36 Shs CISCO SYS INC   2024-06-04 2024-07-19
29 Shs CISCO SYS INC   2024-06-04 2024-07-24
600 Shs CISCO SYS INC   2024-08-28 2024-09-20
800 Shs CITIGROUP INC COM NEW   2024-10-22 2024-11-15
4 Shs CALL MS JUN 100 EXP 06/21/24   2024-06-24 2024-06-24
5 Shs CALL PM JUN 105 EXP 06/21/24   2024-06-24 2024-06-24
681 Shs CONAGRA BRANDS INC   2023-04-25 2024-04-19
161 Shs CONAGRA BRANDS INC   2023-04-25 2024-04-19
279 Shs CONAGRA BRANDS INC   2023-08-23 2024-04-19
40 Shs CONAGRA BRANDS INC   2024-01-29 2024-04-19
10 Shs CALL CAG MAR 29 EXP 03/15/24   2024-03-18 2024-03-18
4 Shs CALL MDT JUN 87 5 EXP 06/21/24   2024-06-24 2024-06-24
39 Shs DOW INC   2023-06-21 2024-03-15
561 Shs DOW INC   2023-12-21 2024-03-15
575 Shs DUKE ENERGY CORP NEW COM NEW   2023-11-24 2024-09-20
1 Shs CALL SYY NOV 77 5 EXP 11/15/24   2024-11-18 2024-11-18
2 Shs CALL SYY NOV 77 5 EXP 11/15/24   2024-11-18 2024-11-18
3 Shs CALL SYY NOV 77 5 EXP 11/15/24   2024-11-18 2024-11-18
4 Shs CALL SYY DEC 77 5 EXP 12/20/24   2024-12-23 2024-12-23
12 Shs CALL BAC APR 39 EXP 04/19/24   2024-04-22 2024-04-22
6 Shs CALL BMY MAR 52 5 EXP 03/15/24   2024-03-18 2024-03-18
5 Shs CALL CSCO APR 50 EXP 04/19/24   2024-04-22 2024-04-22
3 Shs CALL RIO JUN 72 5 EXP 06/21/24   2024-06-24 2024-06-24
4 Shs CALL RIO JUL 70 EXP 07/19/24   2024-07-22 2024-07-22
3 Shs CALL RIO OCT 72 5 EXP 10/18/24   2024-10-21 2024-10-21
5 Shs CALL RIO SEP 65 EXP 09/20/24   2024-09-23 2024-09-23
5 Shs CALL RIO DEC 65 EXP 12/20/24   2024-12-23 2024-12-23
5 Shs CALL RIO NOV 67 5 EXP 11/15/24   2024-11-18 2024-11-18
4 Shs CALL DOW JAN 57 EXP 01/19/24   2024-01-22 2024-01-22
7 Shs CALL TFC MAR 37 5 EXP 03/15/24   2024-03-18 2024-03-18
4 Shs CALL MDT AUG 85 EXP 08/16/24   2024-08-12 2024-08-13
8 Shs CALL VZ FEB 43 5 EXP 02/16/24   2024-02-20 2024-02-20
8 Shs CALL VZ MAY 42 EXP 05/17/24   2024-05-20 2024-05-20
6 Shs CALL BAX MAR 42 5 EXP 03/15/24   2024-03-18 2024-03-18
5 Shs CALL PM FEB 94 EXP 02/16/24   2024-02-20 2024-02-20
1 Shs CALL JNJ SEP 165 EXP 09/20/24   2024-09-23 2024-09-23
2 Shs CALL JNJ SEP 165 EXP 09/20/24   2024-09-23 2024-09-23
9 Shs CALL CAG JAN 30 5 EXP 01/19/24   2024-01-22 2024-01-22
5 Shs CALL NVS JUL 110 EXP 07/19/24   2024-07-22 2024-07-22
5 Shs CALL NVS AUG 115 EXP 08/16/24   2024-08-19 2024-08-19
5 Shs CALL RTX JAN 88 EXP 01/19/24   2024-01-22 2024-01-22
4 Shs CALL CSCO FEB 52 5 EXP 02/16/24   2024-02-20 2024-02-20
5 Shs CALL CSCO FEB 52 5 EXP 02/16/24   2024-02-20 2024-02-20
7 Shs CALL CSCO MAY 50 EXP 05/17/24   2024-05-20 2024-05-20
7 Shs CALL TFC JAN 39 EXP 01/19/24   2024-01-22 2024-01-22
6 Shs CALL DOW APR 59 EXP 04/19/24   2024-04-22 2024-04-22
5 Shs CALL MS FEB 87 EXP 02/16/24   2024-02-20 2024-02-20
5 Shs CALL MS APR 93 EXP 04/19/24   2024-04-22 2024-04-22
4 Shs CALL MS JUL 103 EXP 07/19/24   2024-07-22 2024-07-22
3 Shs CALL EOG MAY 141 EXP 05/17/24   2024-05-20 2024-05-20
6 Shs CALL CMCSA FEB 47 EXP 02/16/24   2024-02-20 2024-02-20
6 Shs CALL CMCSA NOV 45 EXP 11/15/24   2024-11-18 2024-11-18
6 Shs CALL CMCSA MAY 42 5 EXP 05/17/24   2024-05-20 2024-05-20
6 Shs CALL CMCSA JUN 40 5 EXP 06/21/24   2024-06-24 2024-06-24
10 Shs CALL CMCSA AUG 42 5 EXP 08/16/24   2024-08-19 2024-08-19
14 Shs CALL DOC JUN 20 EXP 06/21/24   2024-06-24 2024-06-24
14 Shs CALL DOC SEP 22 5 EXP 09/20/24   2024-09-23 2024-09-23
6 Shs CALL BAX MAY 42 EXP 05/17/24   2024-05-20 2024-05-20
7 Shs CALL BAX OCT 40 EXP 10/18/24   2024-10-21 2024-10-21
4 Shs CALL BAX SEP 39 EXP 09/20/24   2024-09-23 2024-09-23
1 Shs CALL BAX NOV 38 EXP 11/15/24   2024-11-18 2024-11-18
6 Shs CALL BAX NOV 38 EXP 11/15/24   2024-11-18 2024-11-18
7 Shs CALL BAX DEC 34 EXP 12/20/24   2024-12-23 2024-12-23
8 Shs CALL VZ JUN 41 5 EXP 06/21/24   2024-06-24 2024-06-24
4 Shs CALL MMM JUL 105 EXP 07/19/24   2024-07-22 2024-07-22
12 Shs CALL BAC JUN 40 5 EXP 06/21/24   2024-06-24 2024-06-24
7 Shs CALL BAC AUG 46 EXP 08/16/24   2024-08-19 2024-08-19
7 Shs CALL BAC SEP 41 EXP 09/20/24   2024-09-23 2024-09-23
6 Shs CALL BAC DEC 48 EXP 12/20/24   2024-12-23 2024-12-23
4 Shs CALL C DEC 71 EXP 12/20/24   2024-12-23 2024-12-23
4 Shs CALL MRK OCT 118 EXP 10/18/24   2024-10-21 2024-10-21
5 Shs CALL BMY DEC 61 EXP 12/20/24   2024-12-23 2024-12-23
7 Shs CALL CSCO NOV 57 5 EXP 11/15/24   2024-11-18 2024-11-18
7 Shs CALL CSCO DEC 59 EXP 12/20/24   2024-12-23 2024-12-23
9 Shs CALL CAG OCT 34 EXP 10/18/24   2024-10-21 2024-10-21
6 Shs CALL TFC SEP 45 5 EXP 09/20/24   2024-09-23 2024-09-23
11 Shs CALL TFC OCT 44 EXP 10/18/24   2024-10-21 2024-10-21
6 Shs CALL TFC DEC 49 EXP 12/20/24   2024-12-23 2024-12-23
4 Shs CALL MS AUG 106 EXP 08/16/24   2024-08-19 2024-08-19
4 Shs CALL MS SEP 104 EXP 09/20/24   2024-09-23 2024-09-23
161 Shs INTEL CORP   2024-07-24 2024-09-06
1712 Shs INTEL CORP   2024-07-24 2024-09-20
10 Shs CALL CMCSA SEP 42 EXP 09/20/24   2024-09-23 2024-09-23
6 Shs CALL CMCSA OCT 42 EXP 10/18/24   2024-10-21 2024-10-21
4 Shs CALL DOW NOV 55 EXP 11/15/24   2024-11-18 2024-11-18
355 Shs JOHNSON & JOHNSON   2024-07-24 2024-09-25
500 Shs KELLANOVA   2024-02-21 2024-05-17
313 Shs KELLANOVA   2024-02-21 2024-08-16
387 Shs KELLANOVA   2024-05-22 2024-08-16
65 Shs KELLANOVA   2024-05-22 2024-08-21
4 Shs CALL PM DEC 133 EXP 12/20/24   2024-12-23 2024-12-23
3 Shs CALL DUK DEC 115 EXP 12/20/24   2024-12-23 2024-12-23
11 Shs CALL KVUE DEC 24 5 EXP 12/20/24   2024-12-23 2024-12-23
6 Shs CALL DUK JUN 105 EXP 06/21/24   2024-06-24 2024-06-24
164 Shs MERCK & CO INC   2024-01-23 2024-02-05
6 Shs CALL BAX JAN 40 EXP 01/19/24   2024-01-22 2024-01-22
684 Shs MONDELEZ INTL INC CL A   2024-08-22 2024-10-01
35 Shs MORGAN STANLEY COM NEW   2023-06-21 2024-03-15
465 Shs MORGAN STANLEY COM NEW   2023-07-25 2024-03-15
500 Shs MORGAN STANLEY COM NEW   2024-03-19 2024-05-17
26 Shs MORGAN STANLEY COM NEW   2024-03-19 2024-10-18
374 Shs MORGAN STANLEY COM NEW   2024-05-22 2024-10-18
75 Shs MORGAN STANLEY COM NEW   2024-05-22 2024-10-22
259 Shs NOVARTIS AG SPONSORED ADR   2024-02-06 2024-06-21
241 Shs NOVARTIS AG SPONSORED ADR   2024-02-12 2024-06-21
22 Shs NOVARTIS AG SPONSORED ADR   2024-02-12 2024-08-22
478 Shs NOVARTIS AG SPONSORED ADR   2024-06-26 2024-08-22
269 Shs PPL CORP   2023-09-28 2024-08-16
914 Shs PPL CORP   2024-05-21 2024-08-16
48 Shs PPL CORP   2024-05-21 2024-09-25
234 Shs PPL CORP   2024-08-22 2024-09-25
73 Shs PHILIP MORRIS INTL INC   2024-05-21 2024-09-20
212 Shs PHILIP MORRIS INTL INC   2024-05-21 2024-11-15
88 Shs PHILIP MORRIS INTL INC   2024-09-25 2024-11-15
43 Shs QUALCOMM INC   2023-11-27 2024-01-23
465 Shs RTX CORPORATION   2023-06-21 2024-02-16
27 Shs RTX CORPORATION   2023-07-28 2024-02-16
43 Shs RTX CORPORATION   2023-07-28 2024-03-15
457 Shs RTX CORPORATION   2024-02-21 2024-03-15
3 Shs RTX CORPORATION   2024-02-21 2024-04-19
497 Shs RTX CORPORATION   2024-03-19 2024-04-19
339 Shs RTX CORPORATION   2024-07-24 2024-10-18
61 Shs RTX CORPORATION   2024-08-21 2024-10-18
689 Shs REALTY INCOME CORP REIT   2023-12-12 2024-01-23
232 Shs REALTY INCOME CORP REIT   2023-12-28 2024-01-23
115 Shs RIO TINTO PLC SPONSORED ADR   2023-11-21 2024-04-19
185 Shs RIO TINTO PLC SPONSORED ADR   2023-12-20 2024-04-19
113 Shs RIO TINTO PLC SPONSORED ADR   2023-12-20 2024-05-17
287 Shs RIO TINTO PLC SPONSORED ADR   2024-04-23 2024-05-17
4 Shs CALL RIO JAN 76 88 EXP 01/19/24   2024-01-22 2024-01-22
400 Shs 3M CO   2024-05-22 2024-08-16
52 Shs 3M CO   2024-05-22 2024-08-21
1200 Shs TRUIST FINL CORP   2023-12-22 2024-07-19
4 Shs CALL JCI JAN 60 EXP 01/19/24   2024-01-22 2024-01-22
759 Shs UNILEVER PLC SPON ADR NEW   2023-04-25 2024-02-16
73 Shs UNILEVER PLC SPON ADR NEW   2023-04-25 2024-02-21
80 Shs UNILEVER PLC SPON ADR NEW   2024-01-29 2024-02-21
146 Shs UNION PAC CORP   2023-07-21 2024-03-13
800 Shs VERIZON COMMUNICATIONS INC   2023-09-22 2024-09-20
213 Shs JOHNSON CTLS INTL PLC   2023-07-21 2024-03-15
87 Shs JOHNSON CTLS INTL PLC   2023-11-14 2024-03-15
21 Shs JOHNSON CTLS INTL PLC   2023-11-14 2024-05-17
479 Shs JOHNSON CTLS INTL PLC   2024-03-20 2024-05-17
50 Shs JOHNSON CTLS INTL PLC   2024-03-20 2024-07-19
450 Shs JOHNSON CTLS INTL PLC   2024-05-22 2024-07-19
2 Shs JOHNSON CTLS INTL PLC   2024-05-22 2024-07-24
500 Shs JOHNSON CTLS INTL PLC   2024-08-27 2024-09-20
12 Shs JOHNSON CTLS INTL PLC   2024-08-27 2024-11-15
288 Shs JOHNSON CTLS INTL PLC   2024-09-25 2024-11-15
299 Shs MEDTRONIC PLC   2023-06-21 2024-01-19
1 Shs MEDTRONIC PLC   2023-09-21 2024-01-19
100 Shs MEDTRONIC PLC   2023-12-21 2024-01-19
343 Shs MEDTRONIC PLC   2023-12-21 2024-09-20
57 Shs MEDTRONIC PLC   2024-01-23 2024-09-20
360 Shs ALTRIA GROUP INC   2022-08-26 2024-05-17
140 Shs ALTRIA GROUP INC   2022-10-24 2024-05-17
316 Shs ALTRIA GROUP INC   2022-10-24 2024-08-16
52 Shs ALTRIA GROUP INC   2023-06-27 2024-08-16
300 Shs BRISTOL-MYERS SQUIBB CO   2020-12-16 2024-07-19
177 Shs BRISTOL-MYERS SQUIBB CO   2021-11-11 2024-07-19
349 Shs BRISTOL-MYERS SQUIBB CO   2022-03-22 2024-07-19
639 Shs CONAGRA BRANDS INC   2022-12-20 2024-04-19
25 Shs DUKE ENERGY CORP NEW COM NEW   2023-07-26 2024-09-20
8 Shs EOG RES INC   2022-07-21 2024-09-04
15 Shs EXXON MOBIL CORP   2022-12-05 2024-09-06
14 Shs GENERAL DYNAMICS CORP   2023-05-22 2024-06-03
61 Shs JPMORGAN CHASE & CO COM   2022-11-21 2024-06-04
100 Shs JPMORGAN CHASE & CO COM   2022-11-21 2024-11-15
530 Shs KENVUE INC   2022-08-23 2024-09-20
770 Shs KENVUE INC   2023-09-08 2024-09-20
108 Shs MERCK & CO INC   2022-07-20 2024-01-19
104 Shs MERCK & CO INC   2022-08-24 2024-01-19
288 Shs MERCK & CO INC   2022-11-11 2024-01-19
58 Shs MERCK & CO INC   2022-11-11 2024-02-05
605 Shs PPL CORP   2018-02-09 2024-05-17
620 Shs PPL CORP   2020-08-26 2024-05-17
75 Shs PPL CORP   2020-08-28 2024-05-17
195 Shs PPL CORP   2020-08-28 2024-08-16
70 Shs PPL CORP   2020-12-23 2024-08-16
140 Shs PPL CORP   2021-08-30 2024-08-16
135 Shs PPL CORP   2022-03-24 2024-08-16
377 Shs PPL CORP   2022-08-08 2024-08-16
185 Shs PHILIP MORRIS INTL INC   2022-08-25 2024-05-17
115 Shs PHILIP MORRIS INTL INC   2022-12-20 2024-05-17
14 Shs PHILIP MORRIS INTL INC   2022-12-20 2024-09-20
141 Shs PHILIP MORRIS INTL INC   2023-02-16 2024-09-20
72 Shs PHILIP MORRIS INTL INC   2023-04-24 2024-09-20
8 Shs RTX CORPORATION   2022-10-25 2024-02-16
41 Shs UNILEVER PLC SPON ADR NEW   2022-12-20 2024-02-16
165 Shs VICI PPTYS INC REIT   2021-05-19 2024-01-23
16 Shs JOHNSON CTLS INTL PLC   2022-10-24 2024-03-15
284 Shs JOHNSON CTLS INTL PLC   2022-12-14 2024-03-15
Capital Gains 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 70   62 8
b 273     273
c 21,911   20,005 1,906
d 24,038   22,865 1,173
e 23,854   22,048 1,806
883   838 45
25,213   22,094 3,119
20,698   19,478 1,220
4,019   3,456 563
25,289   23,847 1,442
22,556   20,017 2,539
4,137   3,925 212
19,528   22,911 -3,383
5,401   4,983 418
590     590
900     900
6,800   8,477 -1,677
3,687   4,454 -767
8,931   8,885 46
1,244   1,141 103
33,569   30,001 3,568
425     425
420     420
271     271
22,021   24,986 -2,965
19,063   22,509 -3,446
3,897   4,331 -434
14,368   15,012 -644
1,690   1,685 5
1,359   1,358 1
31,175   29,844 1,331
53,974   50,103 3,871
237     237
375     375
20,975   25,924 -4,949
4,758   6,129 -1,371
8,593   8,287 306
1,232   1,169 63
350     350
584     584
2,238   2,032 206
32,196   30,718 1,478
66,633   51,838 14,795
50     50
80     80
131     131
249     249
432     432
318     318
495     495
195     195
260     260
300     300
450     450
425     425
425     425
252     252
322     322
340     340
224     224
384     384
240     240
350     350
220     220
444     444
356     356
451     451
300     300
330     330
176     176
340     340
476     476
315     315
330     330
300     300
525     525
360     360
270     270
288     288
240     240
264     264
210     210
700     700
490     490
420     420
420     420
280     280
160     160
45     45
270     270
323     323
328     328
260     260
336     336
364     364
315     315
234     234
416     416
362     362
325     325
637     637
490     490
360     360
372     372
374     374
318     318
447     447
416     416
3,058   5,137 -2,079
34,893   54,625 -19,732
380     380
282     282
380     380
57,137   55,408 1,729
29,100   28,041 1,059
18,959   17,554 1,405
23,442   23,945 -503
5,224   4,022 1,202
920     920
270     270
330     330
690     690
20,754   19,649 1,105
300     300
49,998   48,442 1,556
3,114   3,031 83
41,366   44,370 -3,004
47,905   44,218 3,687
2,812   2,299 513
40,454   38,070 2,384
8,830   7,634 1,196
27,531   26,779 752
25,618   24,199 1,419
2,590   2,209 381
56,279   51,233 5,046
8,137   6,340 1,797
27,648   27,248 400
1,572   1,431 141
7,661   7,392 269
8,877   7,340 1,537
26,817   21,315 5,502
11,132   10,716 416
6,558   5,535 1,023
42,217   45,430 -3,213
2,451   2,341 110
3,986   3,729 257
42,364   41,264 1,100
294   271 23
48,681   46,955 1,726
41,818   35,787 6,031
7,525   7,161 364
38,257   37,531 726
12,882   13,520 -638
7,620   8,077 -457
12,259   13,595 -1,336
7,989   8,304 -315
20,291   18,993 1,298
353     353
44,879   41,046 3,833
6,734   5,336 1,398
47,963   44,182 3,781
220     220
38,405   41,519 -3,114
3,729   3,993 -264
4,087   3,878 209
36,390   31,575 4,815
35,127   26,715 8,412
12,886   14,665 -1,779
5,263   4,549 714
1,436   1,098 338
32,763   30,511 2,252
3,407   3,185 222
30,667   32,792 -2,125
137   146 -9
36,624   35,649 975
974   856 118
23,385   21,788 1,597
25,343   26,378 -1,035
85   81 4
8,476   8,162 314
29,497   27,996 1,501
4,902   4,924 -22
15,473   16,678 -1,205
6,017   6,328 -311
16,027   14,283 1,744
2,637   2,302 335
12,290   18,831 -6,541
7,251   10,507 -3,256
14,297   24,638 -10,341
18,882   24,343 -5,461
2,897   2,383 514
993   823 170
1,682   1,594 88
4,172   2,968 1,204
12,145   8,147 3,998
23,645   13,355 10,290
11,808   10,972 836
17,155   16,420 735
11,896   9,694 2,202
11,456   9,357 2,099
31,723   28,251 3,472
7,340   5,689 1,651
17,061   17,980 -919
17,484   17,194 290
2,115   2,059 56
5,899   5,353 546
2,117   1,872 245
4,235   4,089 146
4,084   3,673 411
11,404   10,601 803
17,806   18,095 -289
11,069   11,588 -519
1,702   1,411 291
17,145   14,205 2,940
8,755   7,094 1,661
726   707 19
2,075   2,070 5
5,085   5,007 78
968   873 95
17,182   18,934 -1,752
772     772
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
b       273
c       1,906
d       1,173
e       1,806
      45
      3,119
      1,220
      563
      1,442
      2,539
      212
      -3,383
      418
      590
      900
      -1,677
      -767
      46
      103
      3,568
      425
      420
      271
      -2,965
      -3,446
      -434
      -644
      5
      1
      1,331
      3,871
      237
      375
      -4,949
      -1,371
      306
      63
      350
      584
      206
      1,478
      14,795
      50
      80
      131
      249
      432
      318
      495
      195
      260
      300
      450
      425
      425
      252
      322
      340
      224
      384
      240
      350
      220
      444
      356
      451
      300
      330
      176
      340
      476
      315
      330
      300
      525
      360
      270
      288
      240
      264
      210
      700
      490
      420
      420
      280
      160
      45
      270
      323
      328
      260
      336
      364
      315
      234
      416
      362
      325
      637
      490
      360
      372
      374
      318
      447
      416
      -2,079
      -19,732
      380
      282
      380
      1,729
      1,059
      1,405
      -503
      1,202
      920
      270
      330
      690
      1,105
      300
      1,556
      83
      -3,004
      3,687
      513
      2,384
      1,196
      752
      1,419
      381
      5,046
      1,797
      400
      141
      269
      1,537
      5,502
      416
      1,023
      -3,213
      110
      257
      1,100
      23
      1,726
      6,031
      364
      726
      -638
      -457
      -1,336
      -315
      1,298
      353
      3,833
      1,398
      3,781
      220
      -3,114
      -264
      209
      4,815
      8,412
      -1,779
      714
      338
      2,252
      222
      -2,125
      -9
      975
      118
      1,597
      -1,035
      4
      314
      1,501
      -22
      -1,205
      -311
      1,744
      335
      -6,541
      -3,256
      -10,341
      -5,461
      514
      170
      88
      1,204
      3,998
      10,290
      836
      735
      2,202
      2,099
      3,472
      1,651
      -919
      290
      56
      546
      245
      146
      411
      803
      -289
      -519
      291
      2,940
      1,661
      19
      5
      78
      95
      -1,752
      772
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 94,914
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 4,079
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 4,079
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 4,079
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 4,000
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 4,000
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 79
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 arrow   Refundedright arrow 11  
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 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 arrowN/A
14
The books are in care ofright arrowNorris E Mitchell Telephone no.right arrow (703) 759-4258

Located atright arrowPO Box 311McLeanVA ZIP+4right arrow221010311
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
Norris E Mitchell Trustee
0.00 		0 0 0
749 Boehms Court
Great Falls,VA22066
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
5,487,671
b
Average of monthly cash balances.......................
1b
46,906
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,534,577
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
5,534,577
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
83,019
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,451,558
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
272,578
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
272,578
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
4,079
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,079
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
268,499
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
268,499
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
268,499
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
310,000
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
310,000
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 7 268,499
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 35,871
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......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 310,000
a Applied to 2023, but not more than line 2a 35,871
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..... 268,499
e Remaining amount distributed out of corpus 5,630
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 5,630
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 ...... 		5,630
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 5,630
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).)
Norris E Mitchell
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

Flint Hill School

3320 Jermantown Road
Oakton,VA22124 		None Exempt Organization Educational 10,000

Virginia Tech Foundation

902 Prices Fork Road Suite 4500
Blacksburg,VA24061 		None Exempt Organization Educational 300,000
Total .................................right arrow 3a 310,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 5,101  
4 Dividends and interest from securities ....     14 223,073  
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 94,897  
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) .. 0 323,071 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
323,071
(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 Mitchell Foundation
 
Employer identification number

54-1852192
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 Mitchell Foundation
  		Employer identification number
54-1852192
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
Norris E Mitchell
749 Boehms Court
 
Great Falls, VA22066

$ 100,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
The Mitchell Foundation
  		Employer identification number

54-1852192
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The Mitchell Foundation
  		Employer identification number

54-1852192
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 Mitchell Foundation
EIN:
54-1852192
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 5,300 2,650   0

TY 2024 InvestmentsCorpStockSchedule
Name:
The Mitchell Foundation
EIN:
54-1852192
Name of Stock End of Year Book Value End of Year Fair Market Value
103,500 Shs UBSI 3,610,413 3,886,425
54 Shs AT&T 1,343 1,230
1,680 Shs BCE 80,338 38,942
462 Shs GE 71,852 77,057
154 Shs GE Healthcare Technology 23,765 12,040
115 Shs GE Vernova 18,177 37,827
170 Shs Kinder Morgan 2,825 4,658
202 Shs United Bankshares 6,472 7,585
19 Shs WAB 1,483 3,602
13 Shs Warner Brothers Discover 410 137
57 Shs Annaly 1,913 1,043
992 Shs Bristol-Myers Squibb Co 53,411 56,108
446 Shs JOHNSON CTLS INTL PLC 35,638 35,203
736 Shs MEDTRONIC PLC 64,885 58,792
774 Shs ALTRIA GROUP INC 39,676 40,472
1353 Shs BCE INC COM NEW 59,471 31,363
1060 Shs BANK OF AMERICA CORP 46,673 46,587
1373 Shs BAXTER INTL INC 53,146 40,037
404 Shs CHEVRON CORP NEW 49,037 58,515
1256 Shs CISCO SYS INC 65,658 74,355
720 Shs CITIGROUP INC COM NEW 49,416 50,681
1189 Shs COMCAST CORP NEW CL A 50,631 44,623
1767 Shs CONAGRA BRANDS INC 55,329 49,034
680 Shs DOW INC 38,712 27,288
530 Shs DUKE ENERGY CORP NEW COM NEW 61,309 57,102
527 Shs EOG RES INC 62,605 64,600
432 Shs EXXON MOBIL CORP 48,356 46,470
104 Shs GENERAL DYNAMICS CORP 22,049 27,403
237 Shs GENUINE PARTS CO 31,959 27,672
2685 Shs HEALTHPEAK PROPERTIES INC REIT 68,476 54,425
189 Shs INTERNATIONAL BUSINESS MACHS 33,325 41,548
134 Shs JPMORGAN CHASE & CO COM 25,904 32,121
2155 Shs KENVUE INC 46,991 46,009
483 Shs MERCK & CO INC 56,089 48,049
1764 Shs PPL CORP 55,722 57,259
409 Shs PHILIP MORRIS INTL INC 52,082 49,223
393 Shs RTX CORPORATION 49,070 45,478
502 Shs RIO TINTO PLC SPONSORED ADR 35,781 29,523
637 Shs SYSCO CORP 49,512 48,705
149 Shs TRAVELERS COMPANIES INC 24,842 35,893
1157 Shs TRUIST FINL CORP 47,126 50,191
196 Shs UNITED PARCEL SERVICE INC CL B 30,786 24,716
1296 Shs VERIZON COMMUNICATIONS INC 52,164 51,827
1837 Shs VICI PPTYS INC 57,084 53,659

TY 2024 OtherAssetsSchedule
Name:
The Mitchell Foundation
EIN:
54-1852192
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Dividends Receivable 0 68 68


TY 2024 OtherExpensesSchedule
Name:
The Mitchell Foundation
EIN:
54-1852192
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Oppenheimer Investment Management Fees 23,951 23,951   0
Misc Fees 689 689   0


TY 2024 OtherLiabilitiesSchedule
Name:
The Mitchell Foundation
EIN:
54-1852192
Description Beginning of Year - Book Value End of Year - Book Value
Call Option - Morgan Stanley (Exp. 1/19/24) 590 0
Call Option - Dow Inc. (Exp. 1/19/24) 252 0
Call Option - Truist Financial Corp (Exp. 1/19/24) 315 0
Call Option - Conagra Brands Inc. (Exp. 1/19/24) 356 0
Call Option - Merck Co. (Exp. 1/19/24) 575 0
Call Option - Baxter Intl (Exp. 1/19/24) 300 0
Call Option - Johnson Controls International (Exp. 1/19/24) 220 0
Call Option - Rio Tinto PLC (Exp. 1/19/24) 353 0
Call Option - Citigroup Inc (Exp 01/17/25) 0 312


TY 2024 TaxesSchedule
Name:
The Mitchell Foundation
EIN:
54-1852192
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Taxes 2,359 2,359   0
Federal Taxes 2,644 0   0