TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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 07-01-2024 , and ending 06-30-2025

Name of foundation
RICHARD S REYNOLDS FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1403 PEMBERTON ROAD 102
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RICHMOND, VA23233

A Employer identification number

54-6037003

B Telephone number (see instructions)

(804) 740-7350

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$61,169,331J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	165		165
4	Dividends and interest from securities...	1,181,007		1,181,007
5a	Gross rents............	169,074		169,074
b	Net rental income or (loss) 169,074
6a	Net gain or (loss) from sale of assets not on line 10	List of Attached Documents: // Content	3,050,655
b	Gross sales price for all assets on line 6a 13,698,903
7	Capital gain net income (from Part IV, line 2)...			3,050,584
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).......	List of Attached Documents: // Content	52,620	14,042
12	Total. Add lines 1 through 11........	4,453,521		4,414,872
13	Compensation of officers, directors, trustees, etc.	92,500		9,250	83,250
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	12,911		1,291	11,620
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	4,860	0	4,860
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	8,080	0	8,080
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	189,227	179,621	9,606
17	Interest...............	33		33	0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	88,299	8,821	7,749
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	2,109	0
20	Occupancy..............	60,883		0	60,883
21	Travel, conferences, and meetings.......	7,305		0	7,305
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	188,433	163,527	22,800
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	654,640		362,543	216,153
25	Contributions, gifts, grants paid.......	2,745,500			2,745,500
26	Total expenses and disbursements. Add lines 24 and 25	3,400,140		362,543	2,961,653
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,053,381
b	Net investment income (if negative, enter -0-)			4,052,329
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	3,090,263	2,604,668	2,604,668
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	4,461,377	List of Attached Documents: // Content 4,869,634	4,596,248
	b	Investments—corporate stock (attach schedule).......	26,462,110	List of Attached Documents: // Content 27,872,076	48,389,588
	c	Investments—corporate bonds (attach schedule).......	3,339,982	List of Attached Documents: // Content 3,134,555	3,068,431
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,570,621	List of Attached Documents: // Content 2,603,614	2,386,657
	14	Land, buildings, and equipment: basis 101,942
		Less: accumulated depreciation (attach schedule) 96,663	7,388	List of Attached Documents: // Content 5,279	5,279
	15	Other assets (describe )	List of Attached Documents: // Content 118,460	List of Attached Documents: // Content 118,460	List of Attached Documents: // Content 118,460
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	40,050,201	41,208,286	61,169,331
	17	Accounts payable and accrued expenses..........	6,057
	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 )
	23	Total liabilities (add lines 17 through 22).........	6,057	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	23,934,570	23,934,570
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	16,109,574	17,273,716
	29	Total net assets or fund balances (see instructions).....	40,044,144	41,208,286
	30	Total liabilities and net assets/fund balances (see instructions).	40,050,201	41,208,286

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

40,044,144

Enter amount from Part I, line 27a .....................

1,053,381

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

110,761

Add lines 1, 2, and 3 ..........................

41,208,286

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

41,208,286

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
1 a	PUBLICLY TRADED SECURITIES
b	K-1 CAPITAL GAIN/LOSS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	13,640,287	10,648,248	2,992,039
b	58,545		58,545
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			2,992,039
b			58,545
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	3,050,584
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	56,327
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	56,327
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	56,327
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	52,880
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	17,500
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	70,380
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	14,053
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax14,053	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

VICTORIA PITRELLI Telephone no. right arrow

(804) 740-7350

Located at right arrow

1403 PEMBERTON ROAD SUITE 102RICHMONDVA ZIP+4 right arrow

23233

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
J SARGEANT REYNOLDS JR	PRESIDENT 0.50	0	0	0
1403 PEMBERTON RD STE 102 RICHMOND,VA23233	PRESIDENT 0.50	0	0	0
RANDOLPH N REYNOLDS JR	VP/TREASURER 0.50	0	0	0
1403 PEMBERTON RD STE 102 RICHMOND,VA23233	VP/TREASURER 0.50	0	0	0
DOROTHY R BROTHERTON	VP/SECRETARY 0.50	0	0	0
1403 PEMBERTON RD STE 102 RICHMOND,VA23233	VP/SECRETARY 0.50	0	0	0
GLENN R MARTIN	VICE PRESIDENT 0.50	0	0	0
1403 PEMBERTON RD STE 102 RICHMOND,VA23233	VICE PRESIDENT 0.50	0	0	0

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
VICTORIA PITRELLI	EXECUTIVE DIRECTOR 26.00	95,820	12,461	0
1403 PEMBERTON RD STE 102 RICHMOND,VA23233	EXECUTIVE DIRECTOR 26.00	95,820	12,461	0








Total number of other employees paid over $50,000...................				0

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
BROWN ADVISORY	INVESTMENT SERVICES	179,621
901 SOUTH BOND STREET SUITE 400 BALTIMORE,MD21231	INVESTMENT SERVICES	179,621

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

57,022,844

Average of monthly cash balances.......................

3,481,628

Fair market value of all other assets (see instructions)................

685,651

Total (add lines 1a, b, and c).........................

61,190,123

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

61,190,123

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

917,852

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

60,272,271

Minimum investment return. Enter 5% (0.05) of line 5................

3,013,614

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.)

Minimum investment return from Part IX, line 6..................

3,013,614

Tax on investment income for 2024 from Part V, line 5 .......

56,327

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

56,327

Distributable amount before adjustments. Subtract line 2c from line 1............

2,957,287

Recoveries of amounts treated as qualifying distributions................

15,000

Add lines 3 and 4............................

2,972,287

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

2,972,287

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

2,961,653

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

2,961,653

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				2,972,287
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			941,173
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: $ 2,961,653
a Applied to 2023, but not more than line 2a			941,173
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.....				2,020,480
e Remaining amount distributed out of corpus	0
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	0
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 ..........				951,807
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 ......	0
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....

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 4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

VICTORIA PITRELLI
1403 PEMBERTON RD SUITE 102
RICHMOND,VA23233
(804) 740-7350

bThe form in which applications should be submitted and information and materials they should include:

LETTER OUTLINING GRANT PROPOSAL, VERIFICATION OF APPLICANT'S TAX EXEMPT STATUS AND FINANCIAL INFORMATION (BUDGET OR FINANCIAL STATEMENTS).

cAny submission deadlines:

OCTOBER 31 AND APRIL 30

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

MUST BE ORGANIZATION CLASSIFIED AS PUBLIC CHARITY OR QUALIFIED ORGANIZATION (EDUCATIONAL, LITERARY, SCIENTIFIC OR RELIGOUS) DESCRIBED IN SECTION 170(C) OF THE INTERNAL REVENUE CODE.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN RED CROSS GREATER RICHMOND CHAP 2825 EMERYWOOD PARKWAY RICHMOND,VA23294	N/A	GOV	HVC REPLACEMENT/BLOOD SERVICES	50,000
AMERICAN SUSTAINABLE BUSINESS INSTITUTE 1140 3RD STREET NE ST 2 WASHINGTON,DC20002	N/A	PC	RESOURCE DATABASE	25,000
ARBOR YOUTH SERVICES INC 536 W THIRD ST LEXINGTON,KY40508	N/A	PC	BASEMENT FLOOD REPAIRS/YOUNG ADULT SHELTER	5,000
AYLETT COUNTRY DAY SCHOOL PO BOX 70 MILLERS TAVERN,VA23115	N/A	PC	BUILDING FOR THE FUTURE CAMPAIGN	50,000
BELLARMINE UNIVERSITY 2001 NEWBURG ROAD LOUISVILLE,KY40205	N/A	PC	MILITARY SCHOLARSHIPS AND PROGRAMS	100,000
CAL RIPKEN SR FOUNDATION INC 1427 CLARKVIEW ROAD 100 BALTIMORE,MD21209	N/A	PC	BOYS/GIRLS CLUBS RICHMOND/TURF	50,000
COMMUNITIES IN SCHOOLS 2461 SOUTH CLARK STREET 1200 ARLINGTON,VA22202	N/A	PC	CIS SITE COORDINATORS	10,000
ELIJAH HOUSE ACADEMY 6627-B JAHNKE RD RICHMOND,VA23225	N/A	PC	HALF YEAR SCHOLARSHIP 2024/2025	7,500
FELLOWSHIP OF CHRISTIAN ATHLETES 4534 OAKLAND BLVD NW ROANOKE,VA24012	N/A	PC	SCHOLARSHIP/ COMPETITORS CAMP/ LIBERTY	20,000
FOUNDRY CHRISTIAN COMMUNITY CENTER 531 W 11TH AVENUE BOWLING GREEN,KY42101	N/A	PC	CLASSROOM OR AFTERSCHOOL SPONSORING	40,000
FRIENDS OF HOLLYWOOD CEMETERY 412 SOUTH CHERRY STREET RICHMOND,VA23220	N/A	PC	RESTORATION LONG BOTTOM AND/OR IRON FENCES	25,000
FRIENDS OF WASHINGTON STATUE PO BOX 1252 MCLEAN,VA22101	N/A	PC	WASHINGTON STATUE RESTORATION/TRAFALGAR	20,000
GREATER BALTIMORE MEDICAL CENTER 6701 NORTH CHARLES STREET BALTIMORE,MD21204	N/A	PC	RADIATION ONCOLOGY RENOVATION CAMPAIGN	50,000
JAMES RIVER ASSOCIATION 211 ROCKETTS WAY SUITE 200 RICHMOND,VA23231	N/A	PC	RIVER CENTER DECK/JAMES RIVER CENTER	50,000
KENTUCKY RACE TRACK CHAPLAINCY PO BOX 324 SIMPSONVILLE,KY40067	N/A	PC	MEF ADV BOARD JA - HVAC CHILDREN'S WING	3,500
LEWIS GINTER BOTANICAL GARDENS 1800 LAKESIDE AVE RICHMOND,VA23228	N/A	PC	THRIVE CONSTRUCTION COSTS	50,000
LIBERATION VETERAN SERVICES 1201 HULL ST RICHMOND,VA23224	N/A	PC	CONSTRUCTION/ VETERAN'S VILLAGE	50,000
MAXVILLE HERITAGE INTERPRETIVE CENTER PO BOX 492 ENTERPRISE,OR97828	N/A	PC	SHARPENING THE MIND PROGRAM/ADV WR	5,000
MAYO CLINIC 200 FIRST STREET SW TAX ROCHESTER,MN55905	N/A	PC	CARBON ION THERAPY	65,000
MCV FOUNDATION 1228 E BROAD ST RICHMOND,VA23298	N/A	PC	MASSEY CANCER PATIENT RESOURCE CENTER	50,000
MIAMI BOARDING SCHOOL INC 8004 NW 154TH ST 389 MIAMI LAKES,FL33016	N/A	PC	GR 6-12 READING PROGRAM	20,000
NORTHSTAR ACADEMY INC 8055 SHRADER ROAD RICHMOND,VA23294	N/A	PC	SARAH REYNOLDS LEARNING LIBRARY	50,000
PAUL'S PLACE 1118 WARD STREET BALTIMORE,MD21230	N/A	PC	MEF ADV BOARD WR - HOT LUNCH PROGRAM	3,500
PREP4GOLD 11654 PLAZA AMERICA DR 935 RESTON,VA20190	N/A	PC	CHILDHOOD CANCER CONSORTIUM/ADV BR	5,000
PRESERVATION VIRGINIA 204 W FRANKLIN STREET RICHMOND,VA23220	N/A	PC	ACCESSIBILITY FOR ALL AT SCOTCHTOWN	20,000
RED WIGGLER FOUNDATION PO BOX 968 CLARKSBURG,MD20871	N/A	PC	INAUGURAL NATIONAL CARE FARMING NETWORK CONFERENCE	10,000
REYNOLDS HOMESTEAD 463 HOMESTEAD LN CRITZ,VA24082	N/A	PC	KITCHEN EXPANSION/COMMUNITY CENTER	80,000
RICHMOND BALLET 407 E CANAL STREET RICHMOND,VA23219	N/A	PC	2024 NUTCRACKER	50,000
RIVER ROAD PRESBYTERIAN CHURCH 8960 RIVER ROAD RICHMOND,VA23229	N/A	PC	PIPE ORGAN RENOVATION/REPAIRS	20,000
RIVERSIDE SCHOOL 2110 MCRAE RD NORTH CHESTERFIELD,VA23235	N/A	PC	RIVERSIDE CAMPUS PROJECT	50,000
RONALD MCDONALD HOUSE 2330 MONUMENT AVENUE RICHMOND,VA23220	N/A	PC	NOURISHING FAMILIES MEAL PROGRAM	15,000
SAINT GERTRUDE HIGH SCHOOL 12829 RIVER ROAD RICHMOND,VA23238	N/A	PC	SCIENCE WING/CENTENNIAL CAMPAIGN	100,000
SAINT JAMES EPISCOPAL CHURCH 1205 WEST FRANKLIN ST RICHMOND,VA23220	N/A	PC	MEF ADV BOARD BR - JAZZ AT ST. JAMES	3,500
SAMARITAN'S PURSE PO BOX 3000 BOONE,NC28607	N/A	PC	USDR - NC	50,000
SCIENCE MUSEUM OF VIRGINIA FOUNDATION INC PO BOX 11624 RICHMOND,VA23230	N/A	PC	EAST GREEN PROJECT	50,000
SECOND PRESBYTERIAN CHURCH 5 N 5TH STREET RICHMOND,VA23219	N/A	PC	NOACK ORGAN MAINTENANCE	50,000
SOAR365 3600 SAUNDERS AVENUE RICHMOND,VA23227	N/A	PC	EMPLOYMENT PROGRAM	25,000
ST CATHERINE'S SCHOOL 6001 GROVE AVENUE RICHMOND,VA23226	N/A	PC	GREEN LEVEL LOBBY GALLERY ARTS AND INNOVATION CTR	80,000
ST CHRISTOPHER'S SCHOOL FOUNDATION 711 ST CHIRSTOPHERS ROAD RICHMOND,VA23226	N/A	PC	REYNOLDS GYM/DINING RENOVATION	70,000
ST PAUL'S CATHEDRAL TRUST IN AMERICA 4804 LOCKGREEN CIRCLE RICHMOND,VA23226	N/A	PC	GIRL'S VOICES PROGRAM	27,500
STONE RIDGE FOUNDATION 980 WARDS ROAD ALTAVISTA,VA24517	N/A	PC	HEALTHY VETERAN CARE ENDOWMENT	50,000
SWIM RVA 5050 RIDGEDALE PKWY RICHMOND,VA23234	N/A	PC	LET THERE BE LIGHT	25,000
THE BOYS & GIRLS CLUBS OF NORTHERN NECK 517 N MAIN STREET KILMARNOCK,VA22482	N/A	PC	BUILDING GREAT FUTURES CAMPAIGN	25,000
THE JEMICY SCHOOL 11 CELADON ROAD OWINGS MILLS,MD211173009	N/A	PC	CAPITAL CAMPAIGN	100,000
THE JHW FOUNDATION INC 1200 DOVER CREEK LANE MANAKINSABOT,VA23103	N/A	PC	COLLEGIATE RECOVERY FUND 2025	10,000
THE READ CENTER 5211 W BROAD STREET STE 102 RICHMOND,VA23230	N/A	PC	PERSONNEL COSTS TO TEACH LITERACY CLASSES	15,000
THE SALVATION ARMY A GEORGIA CORPORATION 1424 NORTHEAST EXPRESSWAY NE BROOKHAVEN,GA30329	N/A	PC	CENTER OF HOPE CAMPAIGN	50,000
THOMAS JEFFERSON FOUNDATION INC 931 THOMAS JEFFERSON PKWY CHARLOTTESVILLE,VA22902	N/A	PC	RENOVATION VISITOR CENTER	150,000
TRINITY EPISCOPAL SCHOOL 3850 PITTAWAY DRIVE RICHMOND,VA32325	N/A	PC	MORGAN HALL EXPANSION	130,000
UNION PRESBYTERIAN SEMINARY 3401 BROOK RD RICHMOND,VA232274514	N/A	PC	CONFERENCE ROOM/WESTMINSTER HALL	40,000
UNITED SERVICE ORGANIZATION INC 2111 WILSON BLVD SUITE 1200 ARLINGTON,VA22201	N/A	PC	NAVAL SUPPORT INITIATIVE	25,000
UNIVERSITY OF RICHMOND 110 UR DRIVE SUITE 201 RICHMOND,VA231730001	N/A	PC	RS REYNOLDS FAMILY SCHOLARSHIPS	100,000
UNIVERSITY OF VIRGINIA 186 LARKSPUR WAY CHARLOTTESVILLE,VA22902	N/A	PC	DR. KELLY PANCREATIC CANCER RESEARCH	50,000
UP RVA 4609 WYTHE AVE RICHMOND,VA232261208	N/A	PC	TRANSPORTATION VAN REPLACEMENT	55,000
VIRGINIA CENTER FOR THE CREATIVE ARTS 154 SAN ANGELO DRIVE AMHERST,VA24521	N/A	PC	RS AND LOUISE REYNOLDS POETRY FELLOWSHIPS	10,000
VIRGINIA COMMEMORATIONS INC 1001 E BROAD STREET 240 RICHMOND,VA23219	N/A	PC	VIRGINIA 250 MOBILE MUSEUM	100,000
VIRGINIA HISTORICAL SOCIETY PO BOX 7311 RICHMOND,VA23221	N/A	PC	250TH INITIATIVE	125,000
VIRGINIA MUSEUM OF FINE ARTS FOUNDATION 200 N ARTHUR ASHE BLVD RICHMOND,VA23220	N/A	PC	FRIDA: BEYOND THE MYTH	25,000
WOODBERRY FOREST SCHOOL 898 WOODBERRY FOREST RD WOODBERRY FOREST,VA22989	N/A	PC	RS REYNOLDS SR. SCHOLARSHIP FUND	130,000
WOODROW WILSON PRESIDENTIAL LIBRARY PO BOX 24 STAUNTON,VA24402	N/A	PC	CAPITAL CAMPAIGN NEW EXHIBITS	25,000
Total ................................. 3a				2,745,500

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	165
4 Dividends and interest from securities ....			14	1,181,007
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	169,074
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............	900099	71	18	3,050,584
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aINCOME FROM PASSTHROUGH ENTITIES	901101	-988	14	10,329
bMISCELLANEOUS REVENUE	900099		14	3,713
cEXPENSE REIMBURSEMENT					39,566
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		-917		4,414,872	39,566

13Total. Add line 12, columns (b), (d), and (e)..................

4,453,521

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
11C	CERTAIN EXPENSES INCURRED BY THE FOUNDATION ARE REIMBURSED BY MISSIONARY EMERGENCY FUND (EIN 54-6037002) IN ORDER TO SUPPORT THE FOUNDATION'S EXEMPT PURPOSE.

Form 990-PF (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX RETURN PREPARATION	8,080	0		8,080

- TIN:

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

TY 2024 DepreciationSchedule

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
EQUIPMENT	2013-06-28	26,208	26,208	SL	5.000000000000	0
FURNITURE AND FIXTURES	2015-03-01	53,668	53,668	SL	5.000000000000	0
DELL OPTIPLEX 3020 COMPUTER	2015-03-01	1,177	952	SL	5.000000000000	0
DELL OPTIPLEX 3070 COMPUTER	2020-01-31	1,005	941	SL	5.000000000000	64
JULIA LOUISE REYNOLDS PORTRAIT	2015-08-17	474	474	SL	5.000000000000	0
SS LOUISE	2015-09-03	3,472	3,472	SL	5.000000000000	0
JOHN REYNOLDS PORTRAIT	2018-12-31	1,883	1,883	SL	5.000000000000	0
REYNOLDS ALUMINUM PIECE	2021-03-01	1,000	800	SL	5.000000000000	200
DELL LAPTOP	2021-11-30	1,701	850	SL	5.000000000000	340
SAMSUNG 85" TV	2022-11-01	2,490	747	SL	5.000000000000	498
CONFERENCING EQUIPMENT	2023-11-30	4,523	452	SL	5.000000000000	905
BROTHER LASER PRINTER	2024-02-29	510	51	SL	5.000000000000	102

- TIN:

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

TY 2024 GainLossSaleOtherAssetsSch

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
K-1 CAPITAL GAIN/LOSS		PURCHASED			71		COST	0	71

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Name of Bond	End of Year Book Value	End of Year Fair Market Value
LEHMAN BRTH HLD ESC - 525ESCIB7	39,641	21
JB HUNT TRANSPRT SVCS - 445658CF2	64,887	64,762
MEDIUM TERM NOTE - 61761J3R8	63,735	64,188
CITIGROUP INC - 172967KY6	66,371	64,071
WELLS FARGO COMPANY - 949746SH5	66,134	63,886
CNH EQUIP TR - 12666DAB7	5,062	5,065
ORACLE CORPORATION - 12666DAB7	68,475	68,235
KEYSIGHT TECHNOLOGIES - 49338LAE3	67,327	65,255
AMERICAN TOWER CORP - 03027XAR1	36,305	34,363
DOLLAR TREE INC - 256746AH1	69,573	64,386
LKQ CORP - 501889AD1	65,989	66,968
PERKINELMER INC - 714046AM1	34,975	32,410
ANALOG DEVICES INC - 032654AU9	69,597	64,895
AIR LEASE CORP FR - 00914AAV4	64,360	66,385
ROPER TECHNOLOGIES INC - 776696AG1	69,734	70,139
US BANCORP - 91159HJQ4	65,108	66,925
SYSCO CORP SR NT - 871829BL0	30,797	31,760
GOLDMAN SACHS GROUP INC - 38141GB29	64,929	66,079
REGENERON PHARMACEUTICALS SR NT - 75886FAE7	67,904	69,482
BROADCOM INC SR NT - 11135FCC3	64,955	64,399
VERISIGN INC - 92343EAQ5	65,501	66,243
EASTMAN CHEM CO - 277432AX8	96,448	98,771
JP MORGAN MORTGAGE TRUST - 466247AA1	273	260
STRUCTURED ASSET SECURITIES CORP - 86359A5V1	720	729
PROLOGIS LP - 74340XCJ8	69,186	70,178
COMCAST CORP NEW SR - 20030NEJ6	35,133	35,851
KROGER CO SR - 501044DV0	68,095	69,500
PNC FINL SVCS GROUP INC - 693475BU8	65,853	67,074
MORGAN STANLEY MORTGAGE LOAN TRUST - 61748HMR9	11,869	3,521
WASTE CONNECTIONS INC SR NT - 94106BAG6	103,777	106,095
FORD CREDIT AUTO - 344940AB7	1,464	1,465
FORD CREDIT AUTO OWNER TRUST - 34535AAF7	10,047	10,047
LKQ CORP - 501889AD1	30,453	30,908
CNH EQUIP TR - 12657WAE0	34,998	34,693
AIR LEASE CORP FR - 00914AAV4	44,530	45,959
AT T INC - 00206RHJ4	28,802	30,063
FORD CR AUTO OWNER TR - 34535VAD6	79,888	80,801
ORACLE CORP - 68389XCH6	47,231	48,015
EQUINIX INC - 29444UBE5	49,219	47,448
JOHN DEERE OWNER TRUST - 47800CAD8	23,231	23,183
AMPHENOL CORP - 032095AJ0	49,907	46,910
REGAL REXNORD CORPORATION - 758750AN3	31,649	31,426
US BANCORP - 91559HJS0	45,050	45,934
VERIZON MA TR - 92348KDE0	10,008	10,013
REGENERON PHARMACEUTICALS SR NT - 75886FAE7	29,709	30,398
ROPER TECHONOLOGIES INC - 776743AL0	25,385	25,759
PERKINELMER INC - 714046AN9	51,890	47,090
BROADCAM INC SR NT - 11135FCC3	29,984	29,723
SPRINT CAPTIAL CORP - 852060AT9	40,911	42,458
VERISIGN INC - 92343EAQ5	30,221	30,574
EASTMAN CHEM CO - 277432AX8	45,698	46,786
GILEAD SCIENCES INC - 375558BZ5	46,419	46,554
PROLOGIS LP - 74340XCJ8	29,631	30,076
KROGER CO SR - 501044DV0	48,644	49,643
KEYSIGHT TECHNOLOGIES INC - 49338LAG8	29,939	29,660
PNC FINL SVCS GROUP INC - 693475BU8	43,765	44,716
KREDITANSTALT FUR WIEDERAUFBAU SR - 500769JJ4	48,974	49,021
KREDITANSTALT FUR WIEDERAFBAU - 500769KF0	95,547	95,555
KREDITANSTALT FUR WIEDERAFBAU - 500769JZ8	95,461	95,694
EUROPEAN INVT BK - 298785JR8	76,260	74,466
KREDITANSTALT FUR WIEDERAUFBAU FLBL - 500769JG0	109,207	95,683
INTER AMERICAN DEVEL BK - 4581X0DS4	63,244	60,345
WASTE CONNECTIONS INC SR NT - 94106BAG6	44,476	45,469

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ARTISAN INTL VALUE FUND INS - APHKX	844,179	1,212,344
BA BEUTL GDMAN LRG CAP INST - BVALX	2,658,343	3,889,074
BROWN ADV GLOBAL LDRS INST - BAFLX	1,064,000	1,185,892
BROWN ADV MID CAP GRWTH INST - BAFMX	240,758	323,256
BROWN ADV STRAT EUR EQ INS - BAFHX	688,976	1,234,315
BROWN ADVISORY EMG MKTS INS - BAFQX	965,441	1,329,365
BROWN ADVISORY SUSTAINABLE GROWTH - BAFWX	2,706,062	7,846,660
BROWN ADVISORY MORT SEC INS - BAFZX	2,159,224	1,946,551
AAON INC	36,756	33,630
APPFOLIO INC A	32,663	34,542
APPLIED INDL TECHNOLOGIES INC	40,777	49,279
BIO TECHNE CORP	82,478	61,791
BLUEPRINT MEDICINES CORP	24,056	47,042
BRIGHT HORIZONS FAMILY SOLUT	57,249	125,444
BRUKER CORPORATION	87,990	74,613
BWX TECHNOLOGIES INC	24,295	33,278
CACTUS INC A	9,879	14,559
CASELLA WASTE SYSTEMS INC A	43,410	66,805
CASEYS GEN STORES INC	18,188	88,277
CCC INTELLIGENT SOLUTIONS HLD COM	144,047	130,507
CHAMPIONX CORPORATION COM	65,630	68,186
CLEARWATER ANALYTICS HLDGS INC CL A	31,243	25,680
COGENT COMMUNICATIONS HOLDING	55,238	46,137
CURTISS WRIGHT CORP	32,077	90,870
CYTOKINETICS INC	44,541	21,740
DIGITALBRIDGE GROUP INC	40,384	22,439
DYNATRACE INC	70,083	115,334
EASTGROUP PROPERTIES INC	26,551	44,788
ENCOMPASS HEALTH CORPORATION	36,690	88,661
ENPRO INC	34,835	46,164
ENTEGRIS INC	43,284	59,036
FIRST WATCH RESTAURANT GROUP I COM	10,049	9,175
FLUOR CORP NEW COM	49,882	64,549
FULLER H B CO	43,556	40,060
GENERAC HOLDINGS INC	15,021	16,040
GUIDEWIRE SOFTWARE INC	14,863	43,558
HEALTHEQUITY INC	63,522	116,284
HOULIHAN LOKEY INC	11,646	22,314
IDEX CORP	19,998	28,793
INSMED INC	27,747	39,048
KADANT INC	24,923	28,888
KINDERCARE LEARNING COMPANIES COM	52,595	23,230
LATTICE SEMICONDUCTOR CORP	33,662	45,904
LIFESTANCE HEALTH GROUP INC COM	24,353	17,531
LITTELFUSE INC	39,732	44,212
MIRION TECHNOLOGIES INC CL A	52,740	78,585
MISTER CAR WASH INC COM	82,286	53,261
MSA SAFETY INC	29,061	45,401
MUELLER WTR PRODS INC	15,794	29,016
NEUROCRINE BIOSCIENCES INC	25,865	57,440
OCEANEERING INTERNATIONAL INC	81,146	71,919
ONESTREAM INC CL A	38,787	44,771
OPENLANE INC	30,605	36,455
ORTHOPEDIATRICS CORP	31,150	19,246
PHREESIA INC	30,028	47,813
POWER INTEGRATIONS INC	41,271	29,627
PROS HOLDINGS INC	50,819	22,300
PROSPERITY BANCSHARES INC	83,778	98,125
SI BONE INC	45,571	37,151
SIMPSON MFG CO INC	19,471	16,152
SITEONE LANDSCAPE SUPPLY INC	27,556	32,170
SITIME CORP	28,188	59,875
SPX TECHNOLOGIES INC COM	15,717	31,859
STANDARDAERO INC COM	70,504	80,075
TAKE-TWO INTERACTIVE SOFTWARE INC	31,984	63,870
TANDEM DIABETES CARE INC	22,175	13,756
TOPBUILD CORP	1,621	11,655
UNIVERSIAL DISPLAY CORP COM	47,978	48,500
VALMONT INDS INC	60,943	85,888
VAXCYTE INC COM	26,520	10,501
WEST PHARMACEUTICAL SVCS INC COM	9,426	9,846
WOODWARD INC	7,396	39,950
ZURN ELKAY WATER SOLUTIONS	38,703	42,787
BIOHAVEN LTD COM	24,755	10,145
ESTABLISHMENT LABS HOLDINGS	35,178	63,083
FIRSTSERVICE CORP	23,204	23,923
KESTRA MED TECHNOLOGIES LTD SHS	6,558	5,621
NOVANTA INC	18,651	20,371
RENTOKIL INITIAL PLC SP A D R	54,064	42,360
WASTE CONNECTIONS INC	31,993	136,492
ACADIA HEALTHCARE CO INC	69,017	36,145
ALBANY INTL CORP CL A	26,720	53,860
AVANOS MEDICAL INC	71,570	45,361
BANCORP INC THE	45,864	124,992
BEL FUSE INC CL B	22,484	26,474
BEL FUSE INC CL A	19,906	29,381
BRISTOW GROUP INC COM	65,979	75,435
CABLE ONE INC COM	132,521	33,138
CARS COM INC COM	31,373	33,879
CRANE NXT CO	44,283	56,056
CTS CORP	18,815	39,542
CURBLINE PPTYS CORP COM	42,778	44,108
DIME COMMUNITY BANCSHARES INC COM	67,046	59,187
DUCOMMUN INC	35,296	36,688
EAGLE MATERIALS INC	32,846	100,247
EASTERN BANKSHARES INC	107,959	100,721
ENPRO INDUSTRIES INC	56,692	86,389
ESSENTIAL PROPERTIES REALTY	18,218	50,992
FIRST INTERSTATE BANCSYS MT	55,533	53,375
GETTY RITY CORP NEW	25,391	32,090
GLOBAL NET LEASE INC	69,419	67,240
GUARDIAN PHARMACY SVCS INC CL A	65,464	63,738
HANOVER INS GROUP INC	51,530	89,182
HORACE MANN EDUCATORS CORP	59,469	73,264
IAC INC	61,766	55,487
INGEVITY CORP	100,749	70,625
INNOSPEC INC	92,340	73,663
KADANT INC	1,363	17,460
KINDERCARE LEARNING COMPANIES COM	46,339	24,967
LA Z BOY INC	38,274	47,392
M G I C INVT CORP	27,242	66,955
MODINE MANUFACTURING CO	24,487	89,143
MONRO INC	38,049	19,964
MURPHY USA INC W I	37,933	53,698
NCR ATLEOS LLC W I	86,592	121,709
NCR VOYIX CORPORATION	94,343	84,116
NEXSTAR MEDIA GROUP INC	46,989	85,264
O S I SYS INC	58,435	85,672
OCEANEERING INTERNATIONL INC	56,276	91,831
OLD NATL BANCORP IND	76,986	96,969
PACIFIC PREMIER BANCORP INC	32,691	40,683
PC CONNECTION INC	22,552	29,601
PEAPACK GLADSTONE FINL CORP	28,892	31,951
PEOPLES BANCORP INC	41,071	45,505
PORTLAND GENERAL ELECTRIC CO	80,450	80,082
REX AMERICAN RESOURCES CORP	36,127	69,363
SEACOAST BANKING CORP FL	66,058	71,011
SITE CENTERS CORP	6,927	5,270
STAR GROUP L P	8,139	11,291
TALEN ENERGY CORP COM	55,230	173,008
TENNANT CO	92,534	74,071
THERMON GROUP HOLDINGS INC	44,928	62,815
TOWNEBANK PORTSMOUTH VA	71,813	74,376
VIRTUS INVESTMENT PARTNERS	19,730	37,006
WILEY JOHN SONS INC	105,215	98,588
WSFS FINL CORP	67,306	73,260
YETI HOLDINGS INC	64,824	55,444
ASSURED GUARANTY LTD	48,552	74,732
INTERNATIONAL GAME TECHNOLOG	93,590	84,473
NOMAD FOODS LTD	98,343	94,261
ORION S.A	115,630	53,331
SENSATA TECHNOLOGIES HOLDING	97,471	73,047
SIGNET JEWELERS LTD	106,202	126,644
WHITE MTNS INS GROUP LTD	58,372	66,442
ALPHABET INC CL C	6,495	95,436
AMAZON COM INC	10,374	157,303
AUTODESK INC	47,885	114,541
CADENCE DESIGN SYS INC	85,744	89,980
CINTAS CORP	20,340	111,881
COSTAR GROUP INC	72,286	85,787
COSTCO WHSL CORP	7,021	147,501
DATADOG INC CLASS A	61,404	82,479
DRAFTKINGS INC NEW	62,136	74,457
FAIR ISAAC CORPORATION	87,276	84,086
GENERAC HOLDINGS INC	39,512	51,556
HILTON WORLDWIDE HLDGS WI	104,007	140,095
INTUIT INC	19,684	133,897
INTUITIVE SURGICAL INC	9,202	121,724
MARVELL TECHNOLOGY INC	82,425	89,087
MASTERCARD INC	72,046	135,989
META PLATFORMS INC	123,834	150,570
MICROSOFT CORP COM	32,869	163,150
NETFLIX COM INC	85,545	151,322
NVIDIA CORP	22,776	183,426
PROGRESSIVE CORP	57,372	112,348
S P GLOBAL INC	31,933	48,511
SERVICENOW INC	57,962	132,622
TRADE DESK INC COM CL A	104,327	81,421
TRANSDIGM GROUP INC	93,310	115,569
UBER TECHNOLOGIES INC	70,212	146,854
VEEVA SYSTEMS INC CLASS A	44,037	53,564
VERALTO CORP COM SHS	44,484	62,488
WEST PHARMACEUTICAL SVCS INC COM	85,550	67,609
WORKDAY INC	93,907	90,240
ZOETIS INC CL A	43,395	93,258
NXP SEMICONDUCTORS N V COM	36,250	64,892
TRANE TECHNOLOGIES PLC	69,048	89,232
ABBVIE INC	97,674	247,988
AMERIPRISE FINL INC	36,064	204,952
APPLE INC COM	15,352	216,865
ARES MANAGEMENT CORP A	137,169	171,988
AUTOMATIC DATA PROCESSING	93,253	313,334
BEST BUY CO INC	15,741	63,975
BLACKSTONE GROUP INC CLASS A	48,359	184,432
CITIGROUP INC	159,618	219,354
COMCAST CORP CLASS A	173,450	179,556
CONSTELLATION ENERGY CORP COM	109,867	172,677
CUMMINS INC COM	142,324	186,675
DELL TECHNOLOGIES INC CL C	101,942	131,305
EASTGROUP PPTYS INC COM	196,140	203,051
GETTY RLTY CORP NEW	121,664	123,578
GILEAD SCIENCES INC	93,624	156,105
HOME DEPOT INC	55,479	157,655
J P MORGAN CHASE CO COM	45,682	276,864
KENVUE INC COM	198,018	202,226
KINDER MORGAN INC	177,897	311,023
LKQ CORPORATION	85,874	80,275
MCDONALDS CORP COM	41,473	140,826
MERCK CO INC	109,280	109,795
MICROSOFT CORP COM	28,931	566,550
MONDELEZ INTL INC CL A	95,350	97,181
MORGAN STANLEY COM NEW	176,452	288,622
PROCTER GAMBLE CO	196,706	222,889
T MOBILE US INC	72,793	126,278
WATSCO INC COM	140,152	142,643
ACCENTURE PLC IRELAND SHS CLASS A	77,337	156,021
CANADIAN NATL RAILWAY CO	153,470	166,568
LINDE PLC SHS	76,987	220,984
MEDTRONIC PLC SHS	180,163	190,815
NOVARTIS AG A D R	60,560	155,135
RENTOKIL INITIAL PLC SP A D R	106,027	113,664
SANOFI A D R	101,571	89,035
UNILEVER PLC SPONSORED A D R	154,555	227,124
ADOBE INC	110,908	126,897
ALIGN TECHNOLOGY INC	108,210	99,966
ALPHABET INC CL A	21,854	289,370
ALPHABET INC CL C	20,177	271,407
AMAZON COM INC	246,684	502,842
AMERICAN INTERNATIONAL GROUP	147,921	184,019
ANALOG DEVICES INC	61,218	160,902
APPLE INC COM	12,083	173,779
AUTODESK INC	142,077	200,601
BANK OF AMERICA CORP	84,559	198,555
BERKSHIRE HATHAWAY INC CL B	70,587	423,591
BOOKING HOLDINGS INC	56,002	318,408
CARRIER GLOBAL CORPORATION COM	135,390	256,677
DANAHER CORP	109,385	93,436
EDWARDS LIFESCIENCES CORP	61,404	226,340
ELEVANCE HEALTH INC	62,020	176,977
FIRST CTZNS BANSHARES INC CL A	78,926	232,820
FISERV INC	201,993	280,339
GE AEROSPACE	62,014	181,203
ILLUMINA INC COM	154,645	118,690
INTUIT INC	132,359	344,982
KKR CO INC A	121,592	496,069
KLA CORP COM NEW	107,721	154,067
LOWES COS INC COM	10,481	103,391
MARVELL TECHNOLOGY INC	172,481	198,841
MASTERCARD INC	26,007	520,918
META PLATFORMS INC	141,580	718,162
MICROSOFT CORP COM	45,314	854,053
MONDELEZ INTL INC CL A	117,271	137,106
OLD DOMINION FGHT LINE INC	98,074	99,490
PROGRESSIVE CORP	81,065	184,934
SCHWAB CHARLES CORP COM	106,587	122,170
T MOBILE USA INC	79,329	151,057
TJX COMPANIES INC	41,668	176,838
UBER TECHNOLOGIES INC	88,080	180,722
UNITED RENTALS INC COM	15,605	248,622
UNITEDHEALTH GROUP INC COM	296,099	316,962
VISA INC COM CL A	55,819	547,487
WORKDAY INC	103,340	97,680
AMER SPORTS INC COM	88,243	259,770
CANADIAN NATL RAILWAY CO	73,663	122,767
FERGUSON PLC COMMON STOCK NEW	103,021	141,538
NOMAD FOODS LTD	95,580	106,086
SUNCOR ENERGY INC	153,607	221,442
TAIWAN SEMICONDUCTOR A D R	138,442	508,244

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

US Government Securities - End of Year Book Value:

4,618,018

US Government Securities - End of Year Fair Market Value:

4,361,115

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

251,616

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

235,133

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
RICRYN, LLC	FMV	684,736	684,735
BROWN CRC IV	AT COST	121,536	224,422
BROWN JMI X	AT COST	235,204	322,307
BROWN PEP 11	AT COST	64,488	57,719
BROWN PRIVATE EQUITY 10 Q	AT COST	130,279	162,559
BROWN PRIVATE EQUITY TEI	AT COST	67,936	162,419
BROWN PRIVATE EQUITY TEIII	AT COST	159,315	166,996
BROWN PRIVATE EQUITY PEP V	AT COST	138,750	278,929
BROWN REAL ESTATE I (QP)	AT COST	158,325	214,335
PARK STREET PRIVATE EQUITY	AT COST	121,760	101,648
CERBERUS	AT COST	6,072	6,072
SHEPHERD INVESTMENTS	AT COST	714,231	916
SHEPHERD SELECT	AT COST	982	3,600

- TIN:

TY 2024 LandEtcSchedule2

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
EQUIPMENT	39,721	35,687	4,034	4,034
FURNITURE AND FIXTURES	55,392	54,147	1,245	1,245
ARTWORK	6,829	6,829	0

- TIN:

TY 2024 LegalFeesSchedule

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GENERAL GOVERNANCE	4,860	0		4,860

- TIN:

TY 2024 OtherAssetsSchedule

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
A.D. REYNOLDS COLLECTION	24,549	24,549	24,549
REYNOLDS LITERATURE	93,911	93,911	93,911

- TIN:

TY 2024 OtherExpensesSchedule

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
ANNUAL FEES	1,000	0	1,000
BANK CHARGES	115	115	0
DUES, FEES, & SUBSCRIPTIONS	3,392	0	3,392
INSURANCE	2,250	0	2,250
K-1 EXPENSES	36,418	34,312	0
OFFICE EXPENSE	2,140	0	2,140
OTHER EXPENSES	-14,220	0	-14,220
RENTAL PROPERTY EXPENSES	129,100	129,100	0
SHIPPING & POSTAGE	1,290	0	1,290
SOFTWARE	15,942	0	15,942
STORAGE	11,006	0	11,006

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
INCOME FROM PASSTHROUGH ENTITIES	9,341	10,329	9,341
MISCELLANEOUS REVENUE	3,713	3,713	3,713
EXPENSE REIMBURSEMENT	39,566		39,566

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Description	Amount
PRIOR PERIOD ADJUSTMENT	17,337
SHEPHER INVESTMENT BASIS ADJUSTMENTS	78,424
RETURNED GRANT	15,000

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
COMPUTER CONSULTING	1,215	0	1,215
INVESTMENT FEES	179,621	179,621	0
MAUSOLEUM MAINTENANCE	5,573	0	5,573
OFFICE-RELATED SERVICES	2,818	0	2,818

- TIN:

TY 2024 TaxesSchedule

Name:

RICHARD S REYNOLDS FOUNDATION

EIN:

54-6037003

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
BUSINESS PROPERTY TAXES	483	0	483
FOREIGN TAXES	8,014	8,014	0
EXCISE TAX	71,729	0	0
PAYROLL TAXES	8,073	807	7,266