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 JAMES W AND FRANCES GIBSON
MCGLOTHLIN FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)1005 GLENWAY AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BRISTOL, VA24201
A Employer identification number

26-3533035
B Telephone number (see instructions)

(276) 645-1436
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$61,690,026J 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) 5,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 106,742 106,742  
4 Dividends and interest from securities... 1,165,350 1,167,849  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,469,058
b Gross sales price for all assets on line 6a 27,019,891
7 Capital gain net income (from Part IV, line 2)... 3,879,201
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
187,669 -23,538  
12 Total. Add lines 1 through 11........ 9,928,819 5,130,254  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 90,750 0   90,750
14 Other employee salaries and wages...... 45,675 0   45,675
15 Pension plans, employee benefits....... 25,299 0   25,299
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,700 0   4,700
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
207,212 207,212   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
66,540 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,060 0   1,060
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,059,040 260   70,592
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,500,276 207,472   238,076
25 Contributions, gifts, grants paid....... 3,856,048 4,156,471
26 Total expenses and disbursements. Add lines 24 and 25 5,356,324 207,472   4,394,547
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,572,495
b Net investment income (if negative, enter -0-) 4,922,782
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............. 74,984 126,627 126,627
2 Savings and temporary cash investments......... 3,331,726 5,203,804 5,203,804
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.......... 1,137,946 1,137,945 1,137,945
10a Investments—U.S. and state government obligations (attach schedule) 4,729,247 Click to see attachment
List of Attached Documents:
// Content
2,974,891 		2,974,891
b Investments—corporate stock (attach schedule)....... 14,835,455 Click to see attachment
List of Attached Documents:
// Content
19,737,103 		19,737,103
c Investments—corporate bonds (attach schedule)....... 7,577,906 Click to see attachment
List of Attached Documents:
// Content
9,438,431 		9,438,431
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).......... 16,644,834 Click to see attachment
List of Attached Documents:
// Content
18,399,297 		18,399,297
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
4,050,841 		Click to see attachment
List of Attached Documents:
// Content
4,671,928 		Click to see attachment
List of Attached Documents:
// Content
4,671,928
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 52,382,939 61,690,026 61,690,026
Liabilities 17 Accounts payable and accrued expenses.......... 28,136 64,246
18 Grants payable................. 525,423 225,000
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
4,959 		Click to see attachment
List of Attached Documents:
// Content
8,582
23 Total liabilities (add lines 17 through 22)......... 558,518 297,828
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 35,149,414 15,568,472
25 Net assets with donor restrictions............ 16,675,007 45,823,726
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)..... 51,824,421 61,392,198
30 Total liabilities and net assets/fund balances (see instructions). 52,382,939 61,690,026
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
51,824,421
2
Enter amount from Part I, line 27a .....................
2
4,572,495
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,995,282
4
Add lines 1, 2, and 3 ..........................
4
61,392,198
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
61,392,198
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 PUBLICLY TRADED SECURITIES      
b K-1 PASSTHROUGH INCOME P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 27,017,868   23,140,690 3,877,178
b 2,023     2,023
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,877,178
b       2,023
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,879,201
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 68,427
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 68,427
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 68,427
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 56,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 31,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 87,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 18,573
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow18,573 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right 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 arrowBARBARA BJERKE Telephone no.right arrow (276) 645-1436

Located atright arrow1005 GLENWAY AVENUEBRISTOLVA ZIP+4right arrow24201
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
JAMES W MCGLOTHLIN CHAIRMAN/DIRECTOR
1.00 		0 0 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
FRANCES G MCGLOTHLIN VICE CHAIRMAN/VP/SECRETARY
1.00 		0 0 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
ISRAEL D O'QUINN PRESIDENT/CEO/DIRECTOR
5.00 		53,250 2,130 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
BARBARA BJERKE TREASURER
1.00 		0 0 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
CLAIRE DAVIS EXECUTIVE DIRECTOR/ASSISTANT SECRETARY
10.00 		37,500 1,500 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
SAM F EWING DIRECTOR
1.00 		0 0 0
1251 RICHMOND ROAD
WINTER PARK,FL32789
LOIS A CLARKE DIRECTOR
1.00 		0 0 0
1251 RICHMOND ROAD
BRISTOL,VA24201
MARTIN L KENT DIRECTOR
1.00 		0 0 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
R BRAD MARTIN DIRECTOR
1.00 		0 0 0
1025 CHERRY ROAD
MEMPHIS,TN38117
MARTHA MCGLOTHLIN BOWMAN DIRECTOR
1.00 		0 0 0
22286 VIRGINIA TRAIL
BRISTOL,VA24202
FAY H STREET DIRECTOR
1.00 		0 0 0
1005 GLENWAY AVENUE
BRISTOL,VA24201
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
UNITED MANAGEMENT COMPANY LLC INVESTMENT MANAGEMENT 129,574
1005 GLENWAY AVENUE
BRISTOL,VA24201
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 THE CAMP FOR KIDS PROGRAM IS TO SEND FOSTER CHILDREN, UNDERPRIVILEGED AND AT-RISK CHILDREN TO A WEEK-LONG CHRISTIAN VALUE SUMMER CAMP. THE CAMP PROVIDES A SAFE HAVEN ENVIRONMENT IN A NURTURING AND LOVING ATMOSPHERE. 69,853
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
51,888,842
b
Average of monthly cash balances.......................
1b
2,236,350
c
Fair market value of all other assets (see instructions)................
1c
5,171,927
d
Total (add lines 1a, b, and c).........................
1d
59,297,119
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
59,297,119
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
889,457
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
58,407,662
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,920,383
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
2,920,383
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
68,427
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
11,656
c
Add lines 2a and 2b............................
2c
80,083
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,840,300
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,840,300
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
2,840,300
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
4,394,547
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
4,394,547
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 2,840,300
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...... 616,091
b From 2020...... 810,040
c From 2021...... 1,687,694
d From 2022...... 965,079
e From 2023...... 539,415
f Total of lines 3a through e ........ 4,618,319
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,394,547
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..... 2,840,300
e Remaining amount distributed out of corpus 1,554,247
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 6,172,566
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) ... 		616,091
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		5,556,475
10 Analysis of line 9:
a Excess from 2020.... 810,040
b Excess from 2021.... 1,687,694
c Excess from 2022.... 965,079
d Excess from 2023.... 539,415
e Excess from 2024.... 1,554,247
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).)
JAMES W MCGLOTHLIN
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

ALZHEIMER'S DISEASE & RELATED DISORDERS ASSOC INC

4600 PARK RD SUITE 250
CHARLOTTE,NC28209 		N/A PC SUPPORT 2024 WALK FUNDRAISER 2,000

APPALACHIAN LITERACY INITIATIVE

PO BOX 3283
BRISTOL,TN37623 		N/A PC SERVE UNDERPRIVILEGED CHILDREN WITH BOOKS 10,000

APPALACHIAN SCHOOL OF LAW

1169 EDGEWATER DRIVE
GRUNDY,VA24614 		N/A PC ASSIST LAW SCHOOL IN HIRING PROFESSORS, PROVIDING SCHOLARSHIPS AND INCREASING BAR PASSAGE, PROGRAMMING AND BUILDING 100,000

APPALACHIAN SCHOOL OF LAW

1169 EDGEWATER DRIVE
GRUNDY,VA24614 		N/A PC ASSIST LAW SCHOOL IN HIRING PROFESSORS, PROVIDING SCHOLARSHIPS AND INCREASING BAR PASSAGE 10,000

APPALACIAN COLLEGE OF PHARMACY

1060 DRAGON RD
OAKWOOD,VA24631 		N/A PC PHARMACY EDUCATION TO ADDRESS HEALTH-RELATED NEEDS TO RURAL & UNDERSERVED COMMUNITIES 1,000,000

ASCENSION ST VINCENT FOUNDATION

250 W 96TH STREET SUITE 470
INDIANAPOLIS,IN46260 		N/A PC GENERAL SUPPORT - PEYTON MANNING CHILDREN'S HOSPITAL 15,000

BACKPACK BLESSINGS INC

PO BOX 24
GRUNDY,VA24614 		N/A PC BACKPACK PROGRAM OF BUCHANAN COUNTY, VA 5,000

BOY SCOUTS OF AMERICA

PO BOX 3010
JOHNSON CITY,TN37602 		N/A PC SEQUOYAH COUNCIL CAPITAL PROGRAM - CAMP DAVY CROCKETT AND GENERAL SUPPORT 10,000

BOY SCOUTS OF AMERICA

PO BOX 3010
JOHNSON CITY,TN37602 		N/A PC CAMP DAVEY CROCKETT 25,000

BOYS & GIRLS CLUB OF CENTRAL APPALACHIA

PO BOX 1505
GRUNDY,VA24614 		N/A PC SUPPORT STEM, SIMULATED WORKFORCE PROGRAMS; ACADEMIC ASSISTANCE & ENRICHMENT PROGRAMMING 100,000

BRISTOL VA PUBLIC SCHOOLS EDUCATION FOUNDATION

280 LEE STREET
BRISTOL,VA24201 		N/A PC STUDENT SCHOLARSHIPS 37,500

COMMUNITIES IN SCHOOLS OF APPALACHIAN HIGHLANDS

280 LEE STREET
BRISTOL,VA24201 		N/A PC COATS, SHOES & BACKPACKS FOR STUDENTS IN NEED 56,000

COMMUNITY FOUNDATION OF THE LOWCOUNTRY INC

PO BOX 23019
HILTON HEAD ISLAND,SC29926 		N/A PC FUNDING FOR JIM FERREE JUNIOR INVITATIONAL GOLF TOURNAMENT 15,000

EMORY & HENRY COLLEGE

PO BOX 947
EMORY,VA24327 		N/A PC SCHOOL OF BUSINESS CURRICULUM FUNDING 100,000

ENHANCE ABINGDON FOUNDATION

133 WEST MAIN STREET
ABINGDON,VA24212 		N/A PC CONTRIBUTION FOR PLAYGROUND 20,000

FELLOWSHIP CHAPEL

201 CROCKETT STREET
BRISTOL,VA24201 		N/A PC PURCHASE SUPPLIES FOR FLOOD VICTIMS 100,000

FOR ZIONS SAKE MINISTIRES INC

PO BOX 1486
BRISTOL,TN37621 		N/A PC FELLOWSHIP HALL REPAIRS 25,000

HEAL FOUNDATION INC

PO BOX 140
PONTE VEDRA BEACH,FL32004 		N/A PC GENERAL SUPPORT FOR PROGRAMS & SERVICES FOR THOSE WITH AUTISM 12,500

HIGHLANDS FELLOWSHIP CHURCH

PO BOX 553
ABINGDON,VA24212 		N/A PC GLOBAL INITIATIVE DONATION 10,000

JOHN BATTLE HIGH SCHOOL

21264 BATTLE HILL DR
BRISTOL,VA24202 		N/A PC FUNDS FOR BACKPACKS (PARENT, TEACHER, STUDENT, ORG) 2,500

JOHN BATTLE HIGH SCHOOL CHORAL BOOSTERS ASSN

21264 BATTLE HILL DR
BRISTOL,VA24202 		N/A PC CHOIR DONATION 1,000

JOHNS HOPKINS UNIVERSITY

750 E PRATT STREET
BALTIMORE,MD21202 		N/A PC ESTABLISH MCGLOTHLIN FELLOWS TO FACULTY FUND FOR TRAINING OF ONCOLOGY FELLOWS 250,000

MCV FOUNDATION

PO BOX 980234
RICHMOND,VA23298 		N/A PC SCHOLARSHIP FUNDS FOR MEDICAL STUDENTS 375,000

MOUNTAIN MISSION SCHOOL INC

1760 EDGEWATER DRIVE
GRUNDY,VA24614 		N/A PC MOUNTAIN MISSION SCHOOL CHOIR PROGRAM 100,000

QUINNIPIAC UNIVERSITY

275 MT CARMEL AVENUE
HAMDEN,CT06518 		N/A PC FUNDING FOR WELDON SCHOLARSHIPS 100,000

SYMPHONY OF THE MOUNTAINS

1200 E CENTER STREET 311
KINGSPORT,TN37660 		N/A PC DONATIONS FOR MUSICIANS AFFECTED BY HURRICANE HELENE 25,000

THE MAYO CLINIC

200 FIRST STREET SW
ROCHESTER,MN55905 		N/A PC GENERAL SUPPORT - GREATEST NEEDS AT MAYO CLINIC 100,000

THE SHELTER FOR ABUSED WOMEN & CHILDREN

PO BOX 10102
NAPLES,FL34101 		N/A PC SERVE WOMEN & CHILDREN SEEKING SAFETY, HEALING AND CHANCE TO REBUILD LIVES 25,000

WILLIAM & MARY BUSINESS SCHOOL FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC SCHOLARSHIP FUND 625,991

WILLIAM & MARY BUSINESS SCHOOL FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC TEACHING AWARD FUND 62,339

WILLIAM & MARY BUSINESS SCHOOL FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC LEADERSHIP FORUM FUND 65,342

WILLIAM & MARY MARSHALL WYTHE SCHOOL OF LAW FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC SCHOLARSHIP FUND 626,117

WILLIAM & MARY MARSHALL WYTHE SCHOOL OF LAW FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC TEACHING AWARD FUND 62,339

WILLIAM & MARY MARSHALL WYTHE SCHOOL OF LAW FOUNDATION

751 UKROP WAY
WILLIAMSBURG,VA23185 		N/A PC LEADERSHIP FORUM FUND 65,342

YMCA OF BRISTOL

400 MLK JR BLVD
BRISTOL,TN37620 		N/A PC SUMMER CAMP, AFTERSCHOOL AND DROWNING PREVENTION FLOAT 4 LIFE 10,000

YOUNG LIFE COLLIER COUNTY

PO BOX 112481
NAPLES,FL34108 		N/A PC GENERAL FUND 7,500
Total .................................right arrow 3a 4,156,470
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 ........... 		    14 106,742  
4 Dividends and interest from securities ....     14 1,165,350  
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 3,469,058  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP REVENUE 		900099 -45,676 14 -23,538  
bPARTNERSHIP GAIN 900099 256,883      
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 211,207 4,717,612 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,928,819
(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 JAMES W AND FRANCES GIBSON
MCGLOTHLIN FOUNDATION
Employer identification number

26-3533035
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 JAMES W AND FRANCES GIBSON
MCGLOTHLIN FOUNDATION 		Employer identification number
26-3533035
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
JAMES W MCGLOTHLIN
 
1005 GLENWAY AVENUE
 
BRISTOL, VA24201

$ 5,000,000


(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 JAMES W AND FRANCES GIBSON
MCGLOTHLIN FOUNDATION 		Employer identification number

26-3533035
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 JAMES W AND FRANCES GIBSON
MCGLOTHLIN FOUNDATION 		Employer identification number

26-3533035
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 JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX RETURN PREPARATION 4,700 0   4,700

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Name of Bond End of Year Book Value End of Year Fair Market Value
AEP TX INC 2.1% 07/01/30 214,185 214,185
AMCOR FLEXIBLES NORTH 3.1% 09/15/26 242,021 242,021
AMERIPRISE FINL INC 3% 04/02/25 248,937 248,937
BK OF AMER CORP MTN 2% 06/22/27 229,990 229,990
BORGWARNER INC 2.65% 07/01/27 237,799 237,799
CAP ONE FINL CO 3.2% 02/05/25 249,950 249,950
CUMMINS INC 4.9% 02/20/29 251,560 251,560
DUKE ENERGY CORP 5% 12/08/25 250,637 250,637
EAGLE MATERIALS 2.5% 07/01/31 212,562 212,562
EASTMAN CHEM CO 3.8% 03/15/25 249,409 249,409
GOLDMAN SACHS GROUP MTN 2% 12/14/26 233,892 233,892
GOLDMAN SACHS GROUP MTN 6% 04/30/29 248,155 248,155
HOME DEPOT INC 4.9% 04/15/29 252,212 252,212
IBM CORP 4.5% 02/06/28 248,528 248,528
INTEL CORP 4.875% 02/10/28 248,724 248,724
JPMORGAN CHASE MTN 5% 12/18/34 494,260 494,260
LAB CORP OF AMER 3.6% 02/01/25 249,730 249,730
LOCKHEED MARTIN CORP 4.5% 02/15/29 247,159 247,159
MARATHON PETRLM CORP 5.125% 12/15/26 251,359 251,359
MARRIOTT INTL 4.65% 12/01/28 248,190 248,190
NATL RURAL UTIL COOP 2.4% 03/15/30 220,550 220,550
ORACLE CORP 4.5% 05/06/28 247,506 247,506
PARKER-HANNIFIN CO MTN 3.3% 11/21/24 246,491 246,491
PHILLIPS 66 4.65% 11/15/34 233,062 233,062
PRUDENTIAL FINL MTN 4.25% 08/15/29 241,814 241,814
SONOCO PRODUCTS CO 2.25% 02/01/27 236,429 236,429
ST STR CORP 5.272% 08/03/26 252,472 252,472
THERMO FISHER SCIENTIFIC 5% 01/31/29 252,114 252,114
TOYOTA MTR CR CORP MTN 4.8% 01/10/25 250,005 250,005
TRANSCONT GAS PIPE LI 3.25% 05/15/30 227,750 227,750
UNITEDHEALTH GROUP INC 4.2% 05/15/32 235,572 235,572
US BANCORP MTN 5.35% 12/19/34 248,208 248,208
VALERO ENERGY CORP 2.15% 09/15/27 233,714 233,714
WASTE MGMT INC 4.65% 03/15/30 247,000 247,000
WELLS FARGO & CO 3% 10/23/26 242,405 242,405
WELLS FARGO & CO MTN 4.5% 07/28/25 248,743 248,743
WELLS FARGO & CO MTN 5.15% 12/16/34 242,556 242,556
ZIONS BANCORP NA MTN 3.25% 10/29/29 222,781 222,781

TY 2024 InvestmentsCorpStockSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 43,095 43,095
ADOBE SYSTEMS INC 171,202 171,202
ADVANCED MICRO DEVICES 61,844 61,844
ALERIAN MLP ETF 84,280 84,280
ALPHABET INC/CA-CL A 951,611 951,611
ALPHABET INC-CL C 137,879 137,879
AMAZON.COM INC 1,813,258 1,813,258
AMERICAN EXPRESS CO 326,469 326,469
AMERIPRISE FINANCIAL INC 45,789 45,789
AMPHENOL CORP-CL A 129,177 129,177
ANALOG DEVICES INC 119,615 119,615
APPLE INC. 1,558,113 1,558,113
ARES MANAGEMENT CORP 424,872 424,872
ARTHUR J GALLAGHER & CO 55,635 55,635
ASML HOLDING NV-NY REG SHS 64,456 64,456
AUTOMATIC DATA PROCESSING INC 136,705 136,705
AVANTIS US SMALL CAP VALUE 849,464 849,464
BERKSHIRE HATHAWAY INC-CL B 106,068 106,068
BOSTON SCIENTIFIC CORP 193,824 193,824
BROADCOM INC 413,371 413,371
CADENCE DESIGN SYS INC 96,448 96,448
CHIPOTLE MEXICAN GRILL INC 59,999 59,999
CONSTELLATION BRANDS INC-A 126,633 126,633
COOPER COS INC/THE 136,240 136,240
DANAHER CORP 152,880 152,880
EATON CORP PLC 288,063 288,063
ECOLAB INC 79,200 79,200
ELI LILLY & CO 140,504 140,504
EQUIFAX INC 89,198 89,198
FAIR ISAAC CORP 91,583 91,583
GARTNER INC 84,782 84,782
GOLDMAN SACHS GROUP INC 858,930 858,930
ILLUMINA INC 49,309 49,309
INTUIT INC 228,774 228,774
INTUITIVE SURGICAL INC 390,948 390,948
IQVIA HOLDINGS INC 126,356 126,356
JPMORGAN CHASE & CO 287,652 287,652
LINDE PLC 75,361 75,361
MASTERCARD INC-CLASS A 492,343 492,343
META PLATFORMS INC-CLASS A 1,179,217 1,179,217
METTLER-TOLEDO INTERNATIONAL 143,171 143,171
MICROSOFT CORP 1,873,146 1,873,146
NVIDIA CORP 952,116 952,116
ORACLE CORP 377,606 377,606
O'REILLY AUTOMOTIVE INC 56,918 56,918
PALANTIR TECHNOLOGIES INC-A 374,369 374,369
PALO ALTO NETWORKS INC 62,958 62,958
PARKER HANNIFIN CORP 58,515 58,515
PAYPAL HOLDINGS INC 296,591 296,591
PROGRESSIVE CORP 74,998 74,998
ROPER TECHNOLOGIES INC 247,968 247,968
S&P GLOBAL INC 37,850 37,850
SALESFORCE.COM INC 288,192 288,192
SCHWAB (CHARLES) CORP 163,932 163,932
SHERWIN-WILLIAMS CO/THE 64,587 64,587
THERMO FISHER SCIENTIFIC INC 45,260 45,260
TJX COMPANIES INC 200,424 200,424
TRANSDIGM GROUP INC 258,525 258,525
UNION PACIFIC CORP 45,608 45,608
UNITEDHEALTH GROUP INC 62,221 62,221
VERTIV HOLDINGS CO-A 330,605 330,605
VISA INC-CLASS A SHARES 332,158 332,158
WALMART INC 555,653 555,653
ZOETIS INC 112,585 112,585

TY 2024 InvestmentsGovtObligationsSch
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
US Government Securities - End of Year Book Value:

2,974,891
US Government Securities - End of Year Fair Market Value:

2,974,891
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AMERICAN TOWER CORP FMV 212,389 212,389
BRISTOL MALL HOLDING COMPANY LLC (PARTNERSHIP INTEREST) FMV 500,000 500,000
ENERGY TRANSFER LP FMV 1,567,200 1,567,200
ENTERPRISE PRODUCTS PARTNERS FMV 940,800 940,800
INVESCO QQQ TRUST SERIES 1 FMV 1,270,407 1,270,407
INVESCO S&P 500 EQUAL WEIGHT FMV 1,577,070 1,577,070
JPM NASDAQ EQUITY PREMIUM FMV 2,339,770 2,339,770
JPMORGAN EQUITY PREMIUM INCOME ETF FMV 149,578 149,578
MPLX LP FMV 1,005,060 1,005,060
SPDR S&P 500 ETF TRUST FMV 6,520,140 6,520,140
VANGUARD S&P 500 ETF FMV 2,316,883 2,316,883

TY 2024 OtherAssetsSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDEND RECEIVABLE 68,869 59,037 59,037
INTEREST RECEIVABLE - SECURITIES 129,013 129,269 129,269
CASH SURRENDER VALUE 3,852,959 4,483,622 4,483,622


TY 2024 OtherExpensesSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 260 260   0
SUPPLIES 740 0   740
LIFE INSURANCE 988,188 0   0
CAMP FOR KIDS PROGRAM 69,852 0   69,852


TY 2024 OtherIncomeSchedule2
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP REVENUE -69,214 -23,538 -69,214
PARTNERSHIP GAIN 256,883   256,883


TY 2024 OtherIncreasesSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Description Amount
PARTNERSHIP K-1 PASS THROUGHS 51,272
PARTNERSHIP DISTRIBUTIONS RECORDED AS INCOME ON BOOKS 299,789
UNREALIZED CHANGE IN VALUE OF INVESTMENTS 4,644,221


TY 2024 OtherLiabilitiesSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Description Beginning of Year - Book Value End of Year - Book Value
FEDERAL EXCISE TAX PAYABLE 4,959 8,582


TY 2024 OtherProfessionalFeesSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 207,212 207,212   0


TY 2024 TaxesSchedule
Name:
THE JAMES W AND FRANCES GIBSON
 
MCGLOTHLIN FOUNDATION
EIN:
26-3533035
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SECTION 4940 TAX 66,540 0   0