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.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
CAPITAL ONE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address) 1680 CAPITAL ONE DRIVE
  Room/suite
City or town
MCLEAN
State or province
VA
Country  
ZIP or foreign postal code
22102
A Employer identification number

11-3276603
B Telephone number (see instructions)

7032171419
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$327,792,760J 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) 202,000,005
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 3,218,373 3,218,373  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,119,439
b Gross sales price for all assets on line 6a 8,129,823
7 Capital gain net income (from Part IV, line 2)... 1,119,439
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 206,337,817 4,337,812  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
27,200 13,600   13,600
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
867,000 433,500   433,500
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
59,595 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,394 50,394   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,004,189 497,494   447,100
25 Contributions, gifts, grants paid....... 35,951,518 35,951,518
26 Total expenses and disbursements. Add lines 24 and 25 ................ 36,955,707 497,494   36,398,618
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 169,382,110
b Net investment income (if negative, enter -0-) 3,840,318
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 105,691,951 201,303,199 201,303,199
2 Savings and temporary cash investments.........      
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) 8,104,843 Click to see attachment
List of Attached Documents:
// Content
79,205,288 		79,205,291
b Investments—corporate stock (attach schedule)....... 24,719,124 Click to see attachment
List of Attached Documents:
// Content
26,963,738 		26,963,738
c Investments—corporate bonds (attach schedule)....... 1,113,950 Click to see attachment
List of Attached Documents:
// Content
1,738,475 		1,738,475
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,608,345 Click to see attachment
List of Attached Documents:
// Content
18,318,812 		18,318,812
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
45,174 		Click to see attachment
List of Attached Documents:
// Content
263,245 		Click to see attachment
List of Attached Documents:
// Content
263,245
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 154,283,387 327,792,757 327,792,760
Liabilities 17 Accounts payable and accrued expenses.......... 34,323 51,916
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)......... 34,323 51,916
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 154,249,064 327,740,841
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........    
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)..... 154,249,064 327,740,841
30 Total liabilities and net assets/fund balances (see instructions). 154,283,387 327,792,757
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
154,249,064
2
Enter amount from Part I, line 27a .....................
2
169,382,110
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
4,109,667
4
Add lines 1, 2, and 3 ..........................
4
327,740,841
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
327,740,841
Form 990-PF (2025)
Form 990-PF (2025)
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 US TREASURY 1.625% 02/15/26 P    
b US TREASURY 1.625% 02/15/26 P    
c US TREASURY 1.625% 02/15/26 P    
d US TREASURY 1.625% 02/15/26 P    
e US TREASURY NOTES 4.125% 06/15/2026 P    
CVS HEALTH CORP 1.875% P    
US TREASURY NOTES 4.375% 11/30/2030 P    
US TREASURY NOTES 3.75% 05/31/2030 P    
US TREASURY NOTES 3.75% 05/31/2030 P    
CAPITAL CORP 2.05% 01/09/2025 P    
US TREASURY NOTES 4.125% 07/31/2031 P    
US TREASURY NOTES 2.875% 05/15/2032 P    
US TREASURY NOTES 2.875% 05/15/2032 P    
USTREASURY BILLS 0% 04/24/2025 P    
US TREASURY 1.625% 02/15/26 P    
US TREASURY NOTES 3.75% 05/31/2030 P    
ISHARES CORE S&P 500 ETF P    
US TREASURY BILLS 0% 04/24/2025 ON P    
US TREASURY NOTES 4.375% 11/30/2030 P    
US TREASURY NOTES 4.375% 11/30/2030 P    
US TREASURY 1.625% 02/15/26 P    
ISHARES CORE S&P 500 ETF P    
PIA BBB BOND FUND P    
IPATH S&P P    
US TREASURY NOTES 3.375% 05/15/2033 P    
US TREASURY 2.125% 05/15/2025 P    
ISHARES CORE S&P 500 ETF P    
ISHARES CORE S&P 500 ETF P    
ISHARES CORE S&P 500 ETF P    
IPATH S&P P    
PIA BBB BOND FUND P    
ISHARES CORE S&P 500 ETF P    
ISHARES CORE S&P 500 ETF P    
US TREASURY 0% 07/24/25 P    
US TREASURY 0% 09/11/25 P    
US TREASURY 0% 06/12/2026 P    
US TREASURY BILLS 0% 04/17/2025 P    
US TREASURY 0% 10/30/25 P    
US TREASURY 0% 05/22/2025 P    
US TREASURY 0% 01/02/25 P    
US TREASURY BILLS 0% 03/27/2025 P    
US TREASURY 0% 09/25/26 P    
US TREASURY 0% 12/26/25 P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 14,711   14,384 327
b 19,871   18,221 1,650
c 29,739   27,950 1,789
d 29,582   28,768 814
e 30,092   29,609 483
24,751   30,033 -5,282
30,784   30,198 586
34,130   34,594 -464
33,932   34,594 -662
35,000   34,990 10
35,089   35,810 -721
36,158   37,307 -1,149
36,192   37,313 -1,121
39,599   39,599 0
44,508   43,174 1,334
45,318   44,478 840
100,508   47,918 52,590
49,502   49,498 4
51,736   49,816 1,920
51,683   50,321 1,362
49,765   52,217 -2,452
126,975   56,448 70,527
71,192   81,630 -10,438
99,997   83,014 16,983
83,059   85,370 -2,311
90,000   91,210 -1,210
249,922   92,073 157,849
242,378   100,352 142,026
230,422   105,369 125,053
124,790   135,643 -10,853
120,997   139,686 -18,689
491,774   200,703 291,071
508,276   200,703 307,573
298,938   298,938 0
398,680   398,680 0
499,623   499,623 0
499,651   499,651 0
513,746   513,746 0
513,747   513,747 0
519,805   519,805 0
524,783   524,783 0
548,787   548,787 0
549,631   549,631 0
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       327
b       1,650
c       1,789
d       814
e       483
      -5,282
      586
      -464
      -662
      10
      -721
      -1,149
      -1,121
      0
      1,334
      840
      52,590
      4
      1,920
      1,362
      -2,452
      70,527
      -10,438
      16,983
      -2,311
      -1,210
      157,849
      142,026
      125,053
      -10,853
      -18,689
      291,071
      307,573
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
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 1,119,439
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 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 53,380
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 53,380
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 53,380
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 31,120
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 31,120
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 45
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 22,305
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
NY
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 2025 or the taxable year beginning in 2025? 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 addressN/A
14
The books are in care ofCAPITAL ONE FOUNDATION Telephone no. (703) 217-1419

Located at1680 CAPITAL ONE DRIVEMCLEANVA ZIP+422102
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
SHENA ASHLEY PRESIDENT/DIRECTOR
4.00 		0 0 0
1680 CAPITAL ONE DRIVE
MCLEAN,VA22102
BLAISE BRENNAN SECRETARY
4.00 		0 0 0
1680 CAPITAL ONE DRIVE
MCLEAN,VA22102
FRANCO HARRIS TREASURER
4.00 		0 0 0
1680 CAPITAL ONE DRIVE
MCLEAN,VA22102
STEPH DOLES ASSISTANT TREASURER
4.00 		0 0 0
1680 CAPITAL ONE DRIVE
MCLEAN,VA22102
KERONE VATEL CHAIR PERSON
4.00 		0 0 0
1680 CAPITAL ONE DRIVE
MCLEAN,VA22102
ANDREW NAVARRETE CO-CHAIR
4.00 		0 0 0
1680 CAPITAL ONE DRIVE
MCLEAN,VA22102
STEVE TULIP DIRECTOR
4.00 		0 0 0
1680 CAPITAL ONE DRIVE
MCLEAN,VA22102
JENNIFER WINDBECK DIRECTOR
4.00 		0 0 0
1680 CAPITAL ONE DRIVE
MCLEAN,VA22102
HUNTER THOMPSON OPERATIONS LEAD
4.00 		0 0 0
1680 CAPITAL ONE DRIVE
MCLEAN,VA22102
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................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
45,296,428
b
Average of monthly cash balances.......................
1b
113,568,983
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
158,865,411
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
158,865,411
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,382,981
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
156,482,430
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
7,824,122
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
7,824,122
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
53,380
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
53,380
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,770,742
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
7,770,742
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
7,770,742
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, line 26, column (d) ..........
1a
36,398,618
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
36,398,618
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 7,770,742
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 1,229,848
b From 2021...... 174,850
c From 2022...... 10,477,811
d From 2023...... 9,198,843
e From 2024...... 11,631,261
f Total of lines 3a through e ........ 32,712,613
4Qualifying distributions for 2025 from Part
XI, line 4: $ 36,398,618
a Applied to 2024, 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 2025 distributable amount..... 7,770,742
e Remaining amount distributed out of corpus 28,627,876
5 Excess distributions carryover applied to 2025. 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 61,340,489
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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		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 2020 not
applied on line 5 or line 7 (see instructions) ... 		1,229,848
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		60,110,641
10 Analysis of line 9:
a Excess from 2021 .... 174,850
b Excess from 2022 .... 10,477,811
c Excess from 2023 .... 9,198,843
d Excess from 2024 .... 11,631,261
e Excess from 2025 .... 28,627,876
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. 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 (2025)
Form 990-PF (2025)
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

ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT

111 W ST JOHN STREET SUITE 800
SAN JOSE,CA95113 		    SMALL BUSINESS 100,000

AHC INC

FAIRFAX DRIVE SUITE 100
ARLINGTON,VA22201 		    AFFORDABLE HOUSING 125,000

ASCENDUS INC

25 BROADWAY 10TH FLOOR
NEW YORK,NY10004 		    SMALL BUSINESS 250,000

ASSOCIATION FOR NEIGHBORHOOD & HOUSING DEVELOPMENT INC

50 BROAD STREET SUITE 1501
NEW YORK,NY10004 		    AFFORDABLE HOUSING 110,000

AVENUE COMMUNITY DEVELOPMENT COPORATION

3517 IRVINGTON BOULEVARD
HOUSTON,TX77009 		    AFFORDABLE HOUSING 50,000

BAKERRIPLEY FORMERLY NEIGHBORHOOD CENTERS INC

4450 HARRISBURG BOULEVARD SUITE 200
HOUSTON,TX77011 		    ASSET BUILDING/FINANCIAL CAPABILITY 50,000

BONTON ENTERPRISES

2612 VALENTINE STREET
DALLAS,TX75215 		    WORKFORCE DEVELOPMENT 50,000

BOWIE BUSINESS INNOVATION CENTER INC

14000 JERICHO PARK ROAD ELLC A-131
BOWIE,MD20715 		    SMALL BUSINESS 175,000

BRAVEN INC

1300 W BELMONT AVE SUITE 404
CHICAGO,IL60657 		    WORKFORCE DEVELOPMENT 500,000

BREAKING GROUND

505 EIGHTH AVENUE 5TH FLOOR
NEW YORK,NY10018 		    AFFORDABLE HOUSING 100,000

BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION

851 GRAND CONCOURSE ROOM 123
BRONX,NY10451 		    SMALL BUSINESS 400,000

BRONZE VALLEY CORP

1500 1ST AVENUE NORTH UNIT 47
BIRMINGHAM,AL35203 		    SMALL BUSINESS 250,000

CALIFORNIA ASSOCIATION FOR MICROENTERPRISE OPPORTUNITY

1 HALLIDIE PLAZA SUITE 715
SAN FRANCISCO,CA94102 		    SMALL BUSINESS 100,000

CAREERWORKS INC

34 SCHOOL STREET
BROCKTON,MA02301 		    WORKFORCE DEVELOPMENT 100,000

CENTER FOR RESPONSIBLE LENDING

302 WEST MAIN STREET
DURHAM,NC27701 		    ASSET BUILDING/FINANCIAL CAPABILITY 1,000,000

CENTER ON RURAL INNOVATION INC

1 QUECHEE ROAD
HARTLAND,VT05048 		    ASSET BUILDING/FINANCIAL CAPABILITY 250,000

CENTRO COMMUNITY PARTNERS

1000 BROADWAY SUITE 480
OAKLAND,CA94607 		    SMALL BUSINESS 100,000

CHANGE MACHINE

135 WEST 26TH STREET FLOOR 10
NEW YORK,NY10001 		    ASSET BUILDING/FINANCIAL CAPABILITY 560,000

CHANGE MACHINE

135 WEST 26TH STREET FLOOR 10
NEW YORK,NY10001 		    ASSET BUILDING/FINANCIAL CAPABILITY 94,018

CHICAGO COMMUNITY LOAN FUND

29 EAST MADISON STREET SUITE 1700
CHICAGO,IL60602 		    AFFORDABLE HOUSING 100,000

CODED BY KIDS

1701 WALNUT STREET 7TH FLOOR
PHILADELPHIA,PA19103 		    EDUCATION 100,000

COMMONWEALTH KITCHEN INC

196 QUINCY STREET
DORCHESTER,MA02121 		    SMALL BUSINESS 100,000

COMMUNITY ENTERPRISE DEVELOPMENT SERVICES

1450 S HAVANA STREET SUITE 620
AURORA,CO80012 		    SMALL BUSINESS 100,000

COMMUNITY LOAN FUND OF NEW JERSEY

1000 N BROAD STREET
ELIZABETH,NJ07208 		    AFFORDABLE HOUSING 100,000

CORPORATION FOR SUPPORTIVE HOUSING

61 BROADWAY SUITE 2300
NEW YORK,NY10006 		    AFFORDABLE HOUSING 150,000

DC CENTRAL KITCHEN INC

2121 FIRST STREET SW
WASHINGTON,DC20024 		    WORKFORCE DEVELOPMENT 175,000

DELAWARE COMMUNITY FOUNDATION

100 W 10TH STREET SUITE 115
WILMINGTON,DE19801 		    WORKFORCE DEVELOPMENT 249,000

DELAWARE COMMUNITY FOUNDATION

100 W 10TH STREET SUITE 115
WILMINGTON,DE19801 		    AFFORDABLE HOUSING 500,000

DELAWARE STATE UNIVERSITY FOUNDATION INC

1200 N DUPONT HIGHWAY
DOVER,DE19901 		    EDUCATION 77,000

DREAMSPRING

2000 ZEARING AVENUE NW
ALBUQUERQUE,NM87104 		    SMALL BUSINESS 50,000

DRESS FOR SUCCESS WORLDWIDE

120 BROADWAY SUITE 3450
NEW YORK,NY10271 		    FINANCIAL EDUCATION 510,000

ENTERPRISE COMMUNITY PARTNERS INC

11000 BROKEN LAND PARKWAY SUITE 700
COLUMBIA,MD21044 		    AFFORDABLE HOUSING 175,000

EVERYONEON

1342 FLORIDA AVENUE NW
WASHINGTON,DC20009 		    ASSET BUILDING/FINANCIAL CAPABILITY 400,000

FAMILY SERVICE OF MONTGOMERY COUNTY PA

3125 RIDGE PIKE
EAGLEVILLE,PA19403 		    WORKFORCE DEVELOPMENT 200,000

FIRST 72

2915 PERDIDO STREET
NEW ORLEANS,LA70119 		    ASSET BUILDING/FINANCIAL CAPABILITY 100,000

FOOD BANK FOR NEW YORK CITY FOOD FOR SURVIVAL

39 BROADWAY 10TH FLOOR
NEW YORK,NY10006 		    ASSET BUILDING/FINANCIAL CAPABILITY 100,000

GENESYS WORKS - NATIONAL CAPITAL REGION (NCR)

1775 TYSONS BLVD 5TH FLOOR
TYSONS,VA22102 		    WORKFORCE DEVELOPMENT 150,000

HALCYON HOUSE

3400 PROSPECT STREET NW
WASHINGTON,DC20007 		    SMALL BUSINESS 120,000

HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES

4801 NW LOOP 410 SUITE 701
SAN ANTONIO,TX78229 		    EDUCATION 600,000

HOPE CHICAGO INC

20 W KINZIE STREET 17TH FLOOR
CHICAGO,IL60654 		    EDUCATION 100,000

HOPE ENTERPRISE CORPORATION

4400 OLD CANTON ROAD SUITE 301
JACKSON,MS39211 		    AFFORDABLE HOUSING 100,000

HOT BREAD KITCHEN LTD

1540 BROADWAY SUITE 2500
NEW YORK,NY10036 		    SMALL BUSINESS 100,000

HUMANIM INC

1701 N GAY STREET
BALTIMORE,MD21213 		    WORKFORCE DEVELOPMENT 125,000

IMPACT VENTURES ACCELERATOR DBA IMPACT VENTURES

12222 MERIT DRIVE SUITE 1900
DALLAS,TX75251 		    SMALL BUSINESS 40,000

INCLUSIV INC

39 BROADWAY SUITE 2140
NEW YORK,NY10006 		    ASSET BUILDING/FINANCIAL CAPABILITY 100,000

JAMAICA PLAIN NEIGHBORHOOD DEVELOPMENT CORPORATION

31 GERMANIA STREET
BOSTON,MA02130 		    SMALL BUSINESS 100,000

JUST A START INC

1035 CAMBRIDGE STREET SUITE 12
CAMBRIDGE,MA02141 		    WORKFORCE DEVELOPMENT 300,000

LADDER UP

350 N ORLEANS STREET SUITE 300
CHICAGO,IL60654 		    ASSET BUILDING/FINANCIAL CAPABILITY 100,000

LATIN AMERICAN YOUTH CENTER

1419 COLUMBIA ROAD NW
WASHINGTON,DC20009 		    AFFORDABLE HOUSING 150,000

LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC

1401 COLUMBIA ROAD NW UNIT C-1
WASHINGTON,DC20009 		    SMALL BUSINESS 450,000

LOCAL INITIATIVES SUPPORT CORPORATION

28 LIBERTY STREET 34TH FLOOR
NEW YORK,NY10005 		    AFFORDABLE HOUSING 100,000

LOCAL INITIATIVES SUPPORT CORPORATION

28 LIBERTY STREET 34TH FLOOR
NEW YORK,NY10005 		    AFFORDABLE HOUSING 100,000

LONG ISLAND HOUSING PARTNERSHIP INC

180 OSER AVENUE SUITE 800
HAUPPAUGE,NY11788 		    AFFORDABLE HOUSING 100,000

LOW INCOME INVESTMENT FUND

49 STEVENSON STREET SUITE 300
SAN FRANCISCO,CA94105 		    AFFORDABLE HOUSING 200,000

METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION

1221 NICOLLET MALL SUITE 400
MINNEAPOLIS,MN55403 		    SMALL BUSINESS 50,000

MID CITY REDEVELOPMENT ALLIANCE INC

412 N 4TH STREET SUITE 100
BATON ROUGE,LA70802 		    AFFORDABLE HOUSING 50,000

MISSION ASSET FUND

3269 MISSION STREET
SAN FRANCISCO,CA94110 		    ASSET BUILDING/FINANCIAL CAPABILITY 200,000

MISSION ECONOMIC DEVELOPMENT AGENCY

2301 MISSION STREET SUITE 301
SAN FRANCISCO,CA94110 		    AFFORDABLE HOUSING 100,000

NATIONAL ASSOCIATION FOR LATINO COMMUNITY ASSET BUILDERS

5404 WURZBACH ROAD
SAN ANTONIO,TX78238 		    ASSET BUILDING/FINANCIAL CAPABILITY 1,400,000

NATIONAL ASSOCIATION FOR LATINO COMMUNITY ASSET BUILDERS

5404 WURZBACH ROAD
SAN ANTONIO,TX78238 		    ASSET BUILDING/FINANCIAL CAPABILITY 500,000

NATIONAL ASSOCIATION FOR LATINO COMMUNITY ASSET BUILDERS

5404 WURZBACH ROAD
SAN ANTONIO,TX78238 		    ASSET BUILDING/FINANCIAL CAPABILITY 5,000,000

NATIONAL COALITION FOR ASIAN PACIFIC AMERICAN COMMUNITY DEV

1628 16TH STREET NW
WASHINGTON,DC20009 		    AFFORDABLE HOUSING 100,000

NATIONAL URBAN LEAGUE INC

80 PINE STREET 9TH FLOOR
NEW YORK,NY10005 		    OTHER COMMUNITY SERVICE 1,000,000

NEIGHBORHOOD REINVESTMENT CORP

2727 LBJ FREEWAY SUITE 806
DALLAS,TX75234 		    AFFORDABLE HOUSING 200,000

NEIGHBORHOOD REINVESTMENT CORP

2727 LBJ FREEWAY SUITE 806
DALLAS,TX75234 		    AFFORDABLE HOUSING 500,000

NEW HOPE HOUSING INC

8407 RICHMOND HWY STE E
ALEXANDRIA,VA22309 		    AFFORDABLE HOUSING 50,000

NEW HOUR FOR WOMEN AND CHILDREN LI INC

164 3RD AVE
BRENTWOOD,NY11717 		    FINANCIAL EDUCATION 100,000

NEW JERSEY CITIZEN ACTION EDUCATION FUND INC

625 BROAD ST STE 270
NEWARK,NJ07102 		    ASSET BUILDING/FINANCIAL CAPABILITY 100,000

NORTH LAWNDALE EMPLOYMENT NETWORK

1111 S HOMAN AVE
CHICAGO,IL60624 		    WORKFORCE DEVELOPMENT 100,000

OPPORTUNITY FINANCE NETWORK

901 D ST SW STE 1050
WASHINGTON,DC20024 		    SMALL BUSINESS 10,000,000

OPPORTUNITY FINANCE NETWORK

901 D ST SW STE 1050
WASHINGTON,DC20024 		    SMALL BUSINESS 105,000

OPPORTUNITY FINANCE NETWORK

901 D ST SW STE 1050
WASHINGTON,DC20024 		    AFFORDABLE HOUSING 500,000

OWEESTA CORPORATION

2432 MAIN ST 2ND FL
LONGMONT,CO80501 		    ASSET BUILDING/FINANCIAL CAPABILITY 50,000

PENNSYLVANIA MICROENTERPRISE COALITION

737 CONSTITUTION DR
EXTON,PA19341 		    SMALL BUSINESS 150,000

PEOPLEFUND

2921 E 17TH ST BLDG D STE 1
AUSTIN,TX78702 		    SMALL BUSINESS 60,000

PER SCHOLAS INC

804 E 138TH ST 2ND FL
BRONX,NY10454 		    WORKFORCE DEVELOPMENT 100,000

PROJECT OWN INC

33 N CURLEY ST
BALTIMORE,MD21224 		    AFFORDABLE HOUSING 150,000

REBUILD METRO INC

1129 N CAROLINE ST
BALTIMORE,MD21213 		    AFFORDABLE HOUSING 125,000

RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION

2 ALLEN ST 7TH FL
NEW YORK,NY10002 		    SMALL BUSINESS 100,000

RESURRECTION PROJECT

1818 S PAULINA ST
CHICAGO,IL60608 		    AFFORDABLE HOUSING 100,000

RURAL COMMUNITY ASSISTANCE

1725 I ST NW STE 225
WASHINGTON,DC20006 		    SMALL BUSINESS 50,000

SASHA BRUCE YOUTHWORK INC

745 8TH ST SE
WASHINGTON,DC20003 		    AFFORDABLE HOUSING 150,000

SOCIAL ENTREPRENEURS OF NEW ORLEANS

4035 WASHINGTON AVE
NEW ORLEANS,LA70125 		    SMALL BUSINESS 150,000

SUPPORTING AND MENTORING YOUTH ADVOCATES AND LEADERS

410 7TH ST SE
WASHINGTON,DC20003 		    AFFORDABLE HOUSING 150,000

TECH GOES HOME

131 DARTMOUTH ST 3RD FL
BOSTON,MA02116 		    OTHER COMMUNITY SERVICE 235,000

TEEN WAREHOUSE INC

1121 THATCHER ST
WILMINGTON,DE198025135 		    WORKFORCE DEVELOPMENT 100,000

THE FOUNTAIN FUND

233 4TH STREET NW BOX Z
CHARLOTTESVILLE,VA22903 		    ASSET BUILDING/FINANCIAL CAPABILITY 375,000

THE HOUSING PARTNERSHIP NETWORK INC

56 BROAD ST STE 14008
BOSTON,MA021094301 		    AFFORDABLE HOUSING 150,000

THE PETE DU PONT FREEDOM FOUNDATION LLC

PO BOX 221
MOTCHANIN,DE197100221 		    SMALL BUSINESS 100,000

THURGOOD MARSHALL COLLEGE FUND

901 F STREET NW SUITE 700
WASHINGTON,DC20004 		    WORKFORCE DEVELOPMENT 55,500

TMC COMMUNITY CAPITAL

1611 TELEGRAPH AVE SUITE 504
OAKLAND,CA946122253 		    SMALL BUSINESS 147,000

TRUE ACCESS CAPITAL CORPORATION

100 W 10TH ST SUITE 300
WILMINGTON,DE198011642 		    SMALL BUSINESS 250,000

TRUE GROUND HOUSING PARTNERS

4318 N CARLIN SPRINGS RD
ARLINGTON,VA22203 		    AFFORDABLE HOUSING 50,000

UNIDOSUS

1126 16TH ST NW 600
WASHINGTON,DC20036 		    AFFORDABLE HOUSING 1,000,000

UNITED WAY OF ACADIANA INC

PO BOX 52033
LAFAYETTE,LA705052033 		    ASSET BUILDING/FINANCIAL CAPABILITY 64,000

UNITED WAY OF NEW YORK CITY

205 E 42ND ST FLOOR 12
NEW YORK,NY100175738 		    AFFORDABLE HOUSING 100,000

URBAN ALLIANCE FOUNDATION INC

1025 VERMONT AVE NW SUITE 1100
WASHINGTON,DC20005 		    WORKFORCE DEVELOPMENT 125,000

URBAN INSTITUTE

500 LENFANT PLAZA SW
WASHINGTON,DC20024 		    ASSET BUILDING/FINANCIAL CAPABILITY 250,000

WASHINGTON AREA COMMUNITY INVESTMENT FUND INC

2012 RHODE ISLAND AVE NE
WASHINGTON,DC20018 		    SMALL BUSINESS 450,000

WOODSTOCK INSTITUTE

67 EAST MADISON STREET SUITE 2108
CHICAGO,IL60602 		    FINANCIAL EDUCATION 200,000

YEAR UP NATIONAL CAPITAL REGION

609 H STREET NE SUITE 500
WASHINGTON,DC20002 		    WORKFORCE DEVELOPMENT 175,000

YEAR UP INC

45 MILK STREET 9TH FLOOR
BOSTON,MA02109 		    WORKFORCE DEVELOPMENT 150,000
Total ................................. 3a 35,951,518
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 3,218,373  
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 1,119,439  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 4,337,812 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,337,812
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only 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 (2025)
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

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
CAPITAL ONE FOUNDATION INC
 
Employer identification number

11-3276603
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 ......... $  
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. 2025) Page 2
Name of organization
CAPITAL ONE FOUNDATION INC
  		Employer identification number
11-3276603
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
CAPITAL ONE FINANCIAL
 
1608 CAPITAL ONE DRIVE
 
MCLEAN, VA22102

$ 202,000,005


(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
CAPITAL ONE FOUNDATION INC
  		Employer identification number

11-3276603
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
CAPITAL ONE FOUNDATION INC
  		Employer identification number

11-3276603
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 2025 AccountingFeesSchedule
Name:
CAPITAL ONE FOUNDATION INC
EIN:
11-3276603
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 27,200 13,600   13,600

TY 2025 InvestmentsCorpBondsSchedule
Name:
CAPITAL ONE FOUNDATION INC
EIN:
11-3276603
Name of Bond End of Year Book Value End of Year Fair Market Value
LENNOX INTL 25,798 25,798
MOHAWK INDUSTRIES 5.85% 26,002 26,002
FISERV INC 2.65% 27,656 27,656
AIR PRODS ANC CHEMICALS INC 29,248 29,248
HUNTINGTON INGALLS IND 29,653 29,653
MORGAN STANLEY 3.875 01/27/2026 29,996 29,996
LABORATORY CORP AMER HLDGS SR NT DUE 9/1/24 30,048 30,048
VERISK ANALYTICS INC 4.5% 30,227 30,227
WELLS FARGO & CO 4.9% 30,253 30,253
GATX CORP 5.5% 06/15/2035 30,742 30,742
UNION PAX CORP 5.1% 02/20/2035-2034 30,960 30,960
THERMO FISHER SCIENTIFIC 31,116 31,116
JOHNSON CONTROLS INTERNATIONAL 31,199 31,199
AMPHENOL CORP NEW 31,199 31,199
JM SMUCKER CO 31,431 31,431
STATE STREET CORP 32,971 32,971
AVALONBAY CMNTY INC MTN FR DUE 5/15/27 34,729 34,729
TYSON FOODS INC SR. GLGL NT DUE 6/2/27 34,755 34,755
VULCAN MATLS CO SR GLGL NT DUE 4/1/27 34,993 34,993
AUTOMATIC DATA PROCESSING INC 35,847 35,847
ZIMMER BIOMET HOLDINGS INC 5.05% 36,099 36,099
ALLEGION US HLDG CO INC SR NT DUE 10/1/27 39,641 39,641
MORGAN STANLEY 4.356% 39,869 39,869
US BANCORP 5.046% 41,086 41,086
ARCHER DANIELS MIDLAND CO SR GLBL DUE 8/11/26 44,619 44,619
BUNGE LTD FIN CORP SR NT DUE 8/15/26 44,806 44,806
JP MORGAN CHASE 4.255% 49,849 49,849
GOLDMAN SCHS 4.369% 49,881 49,881
ISHARES JPM EMERGING MARKETS 773,802 773,802

TY 2025 InvestmentsCorpStockSchedule
Name:
CAPITAL ONE FOUNDATION INC
EIN:
11-3276603
Name of Stock End of Year Book Value End of Year Fair Market Value
TYCO ELECTRONICS 26,891 26,891
KRAFT HEINZ FOODS CO 3.875 29,919 29,919
IPATH S&P 563,172 563,172
SPDR GOLD TR GOLD SHS 567,912 567,912
VANGUARD FTSE EMERGING MARKETS 580,500 580,500
ISHARE MSCI EMERGING MARKETS CHINA 1,191,225 1,191,225
ISHARES CORE S&P SMALL CAP 2,094,377 2,094,377
SPDR S&P MIDCAP 400 5,127,880 5,127,880
ISHARES MSCI EAFE 5,329,665 5,329,665
ISHARES CORE S&P 500 11,452,197 11,452,197

TY 2025 InvestmentsGovtObligationsSch
Name:
CAPITAL ONE FOUNDATION INC
EIN:
11-3276603
US Government Securities - End of Year Book Value:

79,205,288
US Government Securities - End of Year Fair Market Value:

79,205,291
State & Local Government Securities - End of Year Book Value:


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


0


TY 2025 InvestmentsOtherSchedule2
Name:
CAPITAL ONE FOUNDATION INC
EIN:
11-3276603
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SYSCO AT COST 26,888 26,888
MARTIN MARIETTA AT COST 27,068 27,068
RYDER SYSTEM INC MEDIUM TERM AT COST 29,549 29,549
PIA MBS BOND FUND AT COST 146,790 146,790
PIA BBB BOND FUND AT COST 147,680 147,680
JP MORGAN CHASE & CO ALERIAN MLP INDEX AT COST 552,647 552,647
SCHWAB INTL SMALL CAP EQUITY ETF AT COST 984,996 984,996
VANGUARD BD INDEX FD INC. TOTAL BD MARKET AT COST 3,866,676 3,866,676
VANGUARD SCOTTSDALE FDS VANGUARD SHORT TERM GOVT BOND INDEX FUND AT COST 3,923,516 3,923,516
ISHARES RUSSELL 1000 VALUE ETF AT COST 8,613,002 8,613,002

TY 2025 OtherAssetsSchedule
Name:
CAPITAL ONE FOUNDATION INC
EIN:
11-3276603
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDENDS RECEIVABLE 17,692 18,562 18,562
ACCRUED INTEREST RECEIVABLE 27,482 244,683 244,683


TY 2025 OtherExpensesSchedule
Name:
CAPITAL ONE FOUNDATION INC
EIN:
11-3276603
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 50,394 50,394   0


TY 2025 OtherIncreasesSchedule
Name:
CAPITAL ONE FOUNDATION INC
EIN:
11-3276603
Description Amount
UNREALIZED GAIN ON INVESTMENTS 4,109,667


TY 2025 OtherProfessionalFeesSchedule
Name:
CAPITAL ONE FOUNDATION INC
EIN:
11-3276603
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 867,000 433,500   433,500


TY 2025 TaxesSchedule
Name:
CAPITAL ONE FOUNDATION INC
EIN:
11-3276603
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 59,595 0   0