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
Franklin P and Arthur W Perdue Foundation
Inc
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address) Foundation Source 501 Silverside Rd
  Room/suite
City or town
Wilmington
State or province
DE
Country  
ZIP or foreign postal code
198091377
A Employer identification number

52-6054332
B Telephone number (see instructions)

8008391754
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)$71,953,477J 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) 0
2 Check .................
3 Interest on savings and temporary cash investments 5,256 5,256  
4 Dividends and interest from securities... 1,869,437 1,869,437  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,756,572
b Gross sales price for all assets on line 6a 9,315,336
7 Capital gain net income (from Part IV, line 2)... 3,756,572
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........ 5,631,265 5,631,265  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 86,790     86,790
15 Pension plans, employee benefits....... 6,639     6,639
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
21,230 14,980   6,250
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
64,000      
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
94,256 224   94,032
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 272,915 15,204   193,711
25 Contributions, gifts, grants paid....... 3,318,396 3,318,396
26 Total expenses and disbursements. Add lines 24 and 25 ................ 3,591,311 15,204   3,512,107
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,039,954
b Net investment income (if negative, enter -0-) 5,616,061
c Adjusted net income (if negative, enter -0-)... 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.............      
2 Savings and temporary cash investments......... 468,092 156,366 156,366
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)      
b Investments—corporate stock (attach schedule)....... 48,929,801 Click to see attachment
List of Attached Documents:
// Content
51,285,889 		71,776,349
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 284,989 Click to see attachment
List of Attached Documents:
// Content
270,581 		20,762
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 49,682,882 51,712,836 71,953,477
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 10,000  
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22)......... 10,000 0
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...........    
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 49,672,882 51,712,836
29 Total net assets or fund balances (see instructions)..... 49,672,882 51,712,836
30 Total liabilities and net assets/fund balances (see instructions). 49,682,882 51,712,836
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
49,672,882
2
Enter amount from Part I, line 27a .....................
2
2,039,954
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
51,712,836
5
Decreases not included in line 2 (itemize)
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
51,712,836
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 Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,315,336   5,558,764 3,756,572
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,756,572
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,756,572
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 78,063
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  
3 Add lines 1 and 2........................... 3 78,063
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 78,063
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 52,320
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,743
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 78,063
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
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 0
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. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
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)
MD
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofFoundation Source Telephone no. (800) 839-1754

Located at501 Silverside Road Suite 123WilmingtonDE ZIP+4198091377
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
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)
Yes
 
(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
 
No
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
Brenda Galgano Dir, Sec, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Anne P Oliviero Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Andrea Nicholas Perdue Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Chris Perdue Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
James A Perdue Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
Ms Kim R Nechay EXECUTIVE DIRECTOR
30.0 		86,790    
PO Box 1537
Salisbury,MD21802
Total number of other employees paid over $50,000...................  
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
Foundation Source Administrative 85,101
55 Walls Drive Suite 302
Fairfield,CT06824
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.........................  
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
67,771,957
b
Average of monthly cash balances.......................
1b
485,609
c
Fair market value of all other assets (see instructions)................
1c
20,762
d
Total (add lines 1a, 1b, and 1c).......................
1d
68,278,328
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
68,278,328
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,024,175
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
67,254,153
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
3,362,708
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
3,362,708
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
78,063
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
78,063
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,284,645
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
3,284,645
6
Deduction from distributable amount (see instructions) .................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,284,645
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
3,512,107
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,512,107
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 3,284,645
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......  
b Total for prior years:2023, 2022, 2021  
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 357,123
b From 2021......  
c From 2022...... 688,334
d From 2023...... 414,892
e From 2024...... 77,099
f Total of lines 3a through e ........ 1,537,448
4Qualifying distributions for 2025 from Part
XI, line 4: $ 3,512,107
a Applied to 2024, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		 
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		 
d Applied to 2025 distributable amount..... 3,284,645
e Remaining amount distributed out of corpus 227,462
5 Excess distributions carryover applied to 2025.    
(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 1,764,910
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
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) ....... 		 
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		357,123
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		1,407,787
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 .... 688,334
c Excess from 2023 .... 414,892
d Excess from 2024 .... 77,099
e Excess from 2025 .... 227,462
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).)
NONE
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 e-mail address of the person to whom applications should be addressed:
FOUNDATION SOURCE
501 SILVERSIDE RD
WILMINGTON,DE19809
PREMIERSUPPORT@FOUNDATIONSOURCE.COM
bThe form in which applications should be submitted and information and materials they should include:
HTTPS://CORPORATE.PERDUEFARMS.COM/COMPANY/FOUNDATION/
cAny submission deadlines:
HTTPS://CORPORATE.PERDUEFARMS.COM/COMPANY/FOUNDATION/
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
HTTPS://CORPORATE.PERDUEFARMS.COM/COMPANY/FOUNDATION/
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

50K SOULS INC

520 SAINT LUKES RD
FRUITLAND,MD21826 		N/A   50K Souls Summer Youth Empowerment Program 2,500

ABLE SOUTH CAROLINA

720 GRACERN RD STE 106
COLUMBIA,SC29210 		N/A   Grow the Future PeeDee: Accessible Careers in Agriculture Initiative 10,000

AFRICA SCHOOLHOUSE FOUNDATION

314 DANFORTH ST
PORTLAND,ME04102 		N/A   General & Unrestricted 2,000

ALLIANCE FOR THE CHESAPEAKE BAY INC

151 W ST STE 101
ANNAPOLIS,MD21401 		N/A   Project Clean Stream: An Environmental Cleanup Initiative with Perdue 20,000

ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI

225 N MICHIGAN AVE 17TH FL
CHICAGO,IL60601 		N/A   General & Unrestricted 7,000

ALZHEIMERS SUPPORT NETWORK INC

1421 PINE RIDGE RD STE 100
NAPLES,FL34109 		N/A   General & Unrestricted 18,500

AMERICAN CANCER SOCIETY INC

PO BOX 6704
HAGERSTOWN,MD21741 		N/A   Richmond Cattle Baron 2,500

ART FOR THE JOURNEY

111 WILLOW OAKS RD
RICHMOND,VA23238 		N/A   General & Unrestricted 25,000

ART LEAGUE OF OCEAN CITY INC

502 94TH ST
OCEAN CITY,MD21842 		N/A   Special Campaign 10,000

ASK CHILDHOOD CANCER FOUNDATION

5211 WEST BROAD ST
RICHMOND,VA23230 		N/A   General & Unrestricted 20,000

ASK CHILDHOOD CANCER FOUNDATION

5211 WEST BROAD ST
RICHMOND,VA23230 		N/A   Above and Beyond 12,500

ASK CHILDHOOD CANCER FOUNDATION

5211 WEST BROAD ST
RICHMOND,VA23230 		N/A   Charitable Event 5,000

ASSOCIATION FOR THE PRESERVATION OF VIRGINIA ANTIQ

204 W FRANKLIN ST
RICHMOND,VA23220 		N/A   General & Unrestricted 2,500

ATLANTIC UNITED METHODIST CHURCH

105 4TH ST
OCEAN CITY,MD21842 		N/A   Roof Campaign 10,000

BERTIE COUNTY HIVE HOUSE

PO BOX 598
LEWISTON,NC27849 		N/A   The Hive Challenge and Hive House Supports - IT and Food Program 19,450

BLUE JAY RECREATION CENTER

1711 INDIAN WOODS RD
WINDSOR,NC27983 		N/A   Bertie's Forgotten Black and Native Patriots of the Revolutionary War 1,000

BLUE RIDGE AREA FOOD BANK INC

PO BOX 937
VERONA,VA24482 		N/A   Healthy Bodies, Healthy Minds - The Good Food School Market 50,000

BON SECOURS MERCY HEALTH FOUNDATION

4600 MCAULEY PL STE 100
BLUE ASH,OH45242 		N/A   Violence Response Team 15,000

BOY SCOUTS OF AMERICA

1910 BADEN POWELL WAY
DOVER,DE19904 		N/A   Delmarva Council - Distinguished Citizen 1,000

BOYS & GIRLS CLUBS OF METROPOLITAN BALTIMORE

1201 S SHARP ST
BALTIMORE,MD21230 		N/A   Fun Food Fridays - Salisbury Club 10,000

BOYS & GIRLS CLUBS OF SOUTHERN MAINE

277 CUMBERLAND AVE
PORTLAND,ME04101 		N/A   General & Unrestricted 5,000

BOYS AND GIRLS CLUBS OF SKAGIT COUNTY

PO BOX 947
MOUNT VERNON,WA98273 		N/A   Healthy Lifestyles & Healthy Habits - Priority Outcome Programming 10,000

BREAD MINISTRIES INC

1806 SE CROSS AVE
ARCADIA,FL34266 		N/A   General & Unrestricted 10,000

CATHERINE VIOLET HUBBARD FOUNDATION INC

PO BOX 3571
NEWTOWN,CT06470 		N/A   General & Unrestricted 10,834

CHESAPEAKE HOUSING MISSION

PO BOX 1061
SALISBURY,MD21802 		N/A   Help to Give Hope 15,000

CHILDRENS HOSPITAL AND HEALTHCARE SERVICES FOUNDAT

PO BOX 980693
RICHMOND,VA23298 		N/A   Level 12 West Care, Nutrition and Staff Refreshment Stations 15,000

CHRISTIAN BROADCASTING NETWORK INC

977 CENTERVILLE TPKE
VIRGINIA BCH,VA23463 		N/A   CBN - Israel 7,500

CHRISTIAN BROADCASTING NETWORK INC

977 CENTERVILLE TPKE
VIRGINIA BCH,VA23463 		N/A   Helping the Homefront 7,500

CHRISTIAN SHELTER INC

334 BARCLAY ST
SALISBURY,MD21804 		N/A   Refurbishment of Prayer Room and HVAC Replacement Projects 50,000

COASTAL HOSPICE INC

PO BOX 1733
SALISBURY,MD21802 		N/A   Charitable Event 1,000

E Hoffert

COLGATE UNIVERSITY
13 OAK DR
HAMILTON,NY13346 		NONE   SCHOLARSHIP GRANT 5,000

A Dotson

COLLEGE OF CHARLESTON
66 GEORGE ST
CHARLESTON,SC29424 		NONE   SCHOLARSHIP GRANT 5,000

COLONIAL WILLIAMSBURG FOUNDATION

301 1ST ST
WILLIAMSBURG,VA23185 		N/A   Raleigh Tavern Society 5,000

COMMITTEE ON THE SHELTERLESS

PO BOX 2744
PETALUMA,CA94953 		N/A   Mary's Table 10,000

COMMUNITY ACTION OF SKAGIT COUNTY

330 PACIFIC PL
MOUNT VERNON,WA98273 		N/A   Skagit Food Distribution Center 15,000

COMMUNITY FOUNDATION

1123 SPRUCE ST
BOULDER,CO80302 		N/A   Ames O'Neal Memorial Fund 3,334

COMMUNITY FOUNDATION OF THE EASTERN SHORE INC

1324 BELMONT AVE STE 401
SALISBURY,MD21804 		N/A   Feed Your Neighbor Fund 20,000

COMMUNITY FOUNDATION OF THE EASTERN SHORE INC

1324 BELMONT AVE STE 401
SALISBURY,MD21804 		N/A   Prayer Breakfast Fund 8,000

COUNCIL ON AGING SERVICES FOR SENIORS

30 KAWANA SPRINGS RD
SANTA ROSA,CA95404 		N/A   Drive Up Pick Up (To Go Meal Program) 10,000

M Harris

CRAVEN COMMUNITY COLLEGE
800 COLLEGE CT
NEW BERN,NC28562 		NONE   Scholarship Grant 5,000

DELAWARE VALLEY UNIVERSITY

700 E BUTLER AVE
DOYLESTOWN,PA18901 		N/A   Poultry Science Center Naming Proposal 50,000

DELMARVA DISCOVERY CENTER & MUSEUM INC

2 MARKET ST
POCOMOKE CITY,MD21851 		N/A   General & Unrestricted 5,000

DERRYFIELD SCHOOL

2108 RIVER RD
MANCHESTER,NH03104 		N/A   Annual Fund 10,000

DUBOIS COUNTY 4-H COUNCIL INC

PO BOX 335
JASPER,IN47547 		N/A   Tractor Acquisition Fund 25,000

R Malcoci

DUKE UNIVERSITY
BOX 90581
DURHAM,NC27708 		NONE   SCHOLARSHIP GRANT 5,000

EASTERN SHORE AFRAM FESTIVAL

721 3RD ST
SEAFORD,DE19973 		N/A   AFRAM FESTIVAL 1,000

ESVA HOUSING MISSION INC

PO BOX 277
ONANCOCK,VA23417 		N/A   General & Unrestricted 10,000

FAITH OVER FEAR ECONOMIC EMPOWERMENT INC

402 DORSEY LN
SALISBURY,MD21801 		N/A   Hands of Prosperity - landscaping projects for veterans and seniors 50,000

FAMILY LIFE SERVICES OF WASHINGTON INC

PO BOX 589
WASHINGTON,IN47501 		N/A   Material Aid Assistance for Mothers and Babies 10,000

FEEDMORE INC

8020 VILLA PARK DR
RICHMOND,VA23228 		N/A   Capital Campaign 10,000

FEEDMORE INC

8020 VILLA PARK DR
RICHMOND,VA23228 		N/A   "Nourish" Campaign Efforts 20,000

FELLOWSHIP OF CHRISTIAN ATHLETES

8701 LEEDS RD
KANSAS CITY,MO64129 		N/A   Lower Eastern Shore of Maryland 6,000

FIRST PRINCIPLES INC

3317 HALLS HILL RD
CRESTWOOD,KY40014 		N/A   General & Unrestricted 30,000

FLANDERS NATURE CENTER INC VAN VLECK FARM

5 CHURCH HILL RD
WOODBURY,CT06798 		N/A   General & Unrestricted 7,500

FOOD BANK OF DELAWARE INC

222 LAKE DR
NEWARK,DE19702 		N/A   Food Bank of Delaware's (FBD) Milford Expansion with naming of the Community Market and Cafe 50,000

FOOD BANK OF THE ALBEMARLE

PO BOX 1704
ELIZABETH CTY,NC27906 		N/A   Community Collaboration: Feeding Bertie County with the Kelford Mobile Food Pantry 13,500

FOOD FINDERS FOOD BANK INC

1204 GREENBUSH ST
LAFAYETTE,IN47904 		N/A   Food Distribution Fund 10,000

FOODBANK OF SOUTHEASTERN VIRGINIA

800 TIDEWATER DR
NORFOLK,VA23504 		N/A   BackPack Program 25,000

FOUNDATION FOR AMERICAN CHRISTIAN EDUCATION

4225 PORTSMOUTH BLVD STE B
CHESAPEAKE,VA23321 		N/A   Training for Christian School Teachers in Biblical Principles 5,000

FRIENDS OF THE DORCHESTER COUNTY PUBLIC LIBRARY IN

PO BOX 1134
CAMBRIDGE,MD21613 		N/A   General & Unrestricted 20,000

FRONTLINE MINISTRIES INC

2025 CEDAR SPRINGS RD
BLYTHEWOOD,SC29016 		N/A   Summit 6 and Exodus Mandate 18,000

GOLDEN ACHIEVERS COMMUNITY DEVELOPMENT CENTER INC

1536 W MAIN EXT
DILLON,SC29536 		N/A   Golden Achievers After School Program Computers 8,000

GOOD SHEPHERD FOOD BANK

PO BOX 1807
AUBURN,ME04211 		N/A   General & Unrestricted 2,000

GREEN & GOLD ATHLETIC BOOSTER CLUB

6919 THOMAS NELSON HWY
LOVINGSTON,VA22949 		N/A   Middle School Sports Programs 7,000

GULF OF MAINE RESEARCH INSTITUTE

350 COMMERCIAL ST
PORTLAND,ME04101 		N/A   Matching Grant Campaign 30,000

HABITAT FOR HUMANITY INTERNATIONAL INC

2281 DABNEY RD STE A
RICHMOND,VA23230 		N/A   General & Unrestricted 5,000

HEADSTRONG FOUNDATION

1330 MACDADE BLVD 2
WOODLYN,PA19094 		N/A   Alex Peavey Relief Fund 2,000

HEALTHNETWORK FOUNDATION

3550 LANDER RD STE 225
PEPPER PIKE,OH44124 		N/A   General & Unrestricted 10,000

HEART FLOWER

406 NE 4H ST
MILFORD,DE19963 		N/A   ASSEMBLING! STEAM Club/FPV Initiator Drone Program - New 6,000

HEART TO HEART INC A WOMENS RESOURCE CENTER

1404 N 4TH ST
VINCENNES,IN47591 		N/A   Earn While You Learn 5,084

HELP OUTREACH POINT OF ENTRY

PO BOX 5113
SALISBURY,MD21802 		N/A   Lunch Program 2,000

HOSPITAL FOR SPECIAL SURGERY FUND INC

535 E 70TH ST
NEW YORK,NY10021 		N/A   Research Efforts of Dr. Jonathan Deland 5,000

INDIANA BLACK EXPO - EVANSVILLE CHAPTER INC

PO BOX 5642
EVANSVILLE,IN47716 		N/A   Food Pantry 1,000

INTEGRATED REFUGEE & IMMIGRANT SERVICES INC

33 DIXWELL AVE 380
NEW HAVEN,CT06511 		N/A   General & Unrestricted 15,000

K Roach

JAMES MADISON UNIVERSITY
MSC 5715
HARRISONBURG,VA22807 		NONE   Scholarship Grant 5,000

JESSE KLUMP MEMORIAL FUND INC

13329 HATCHERY RD
BISHOPVILLE,MD21813 		N/A   Charitable Event 2,000

JOHNS HOPKINS UNIVERSITY

3400 N CHARLES ST 146 GARLAND HALL
BALTIMORE,MD21218 		N/A   Department of Medicine/Lymes Disease Research Center 7,167

JOSHUA M FREEMAN FOUNDATION

31255 AMERICANA PKWY
SELBYVILLE,DE19975 		N/A   Sponsorship of Programming 1,500

JOSHUA M FREEMAN FOUNDATION

31255 AMERICANA PKWY
SELBYVILLE,DE19975 		N/A   Capital Campaign for the Freeman Arts Pavilion 30,000

JUNIOR ACHIEVEMENT OF THE EASTERN SHORE

301 TILGHMAN RD STE 101
SALISBURY,MD21804 		N/A   The JA Center of Delmarva 156,250

JUNIOR ACHIEVEMENT OF THE EASTERN SHORE

301 TILGHMAN RD STE 101
SALISBURY,MD21804 		N/A   Perdue Henson Center Campaign 20,000

JUST1MIKE

PO BOX 276
CLARENDON HLS,IL60514 		N/A   General & Unrestricted 10,000

LEADERSHIP DELAWARE INC

112 S FRENCH ST STE 206
WILMINGTON,DE19801 		N/A   General & Unrestricted 2,500

LEADERSHIP INSTITUTE

1101 N HIGHLAND ST
ARLINGTON,VA22201 		N/A   General & Unrestricted 15,000

LIBERATION VETERAN SERVICES INC

1201 HULL ST
RICHMOND,VA23224 		N/A   General & Unrestricted 3,333

LITTLE HANDS VIRGINIA INC

3707 SAUNDERS AVE
RICHMOND,VA23227 		N/A   General & Unrestricted 5,000

MAC INCORPORATED

909 PROGRESS CIR STE 100
SALISBURY,MD21804 		N/A   Meals on Wheels and Life Bridges 7,000

MAGI-FUND INC

1210 ORCHARD CIR
SALISBURY,MD21801 		N/A   General & Unrestricted 1,000

MAIN STREET GYM INC

PO BOX 3178
SALISBURY,MD21802 		N/A   Equipment Fund, tutors, scholarship Fund and field trips 30,000

MAINE COLLEGE OF ART

522 CONGRESS ST
PORTLAND,ME04101 		N/A   Scholarship Fund 3,000

MAINE JEWISH FILM FESTIVAL

PO BOX 7465
PORTLAND,ME04112 		N/A   General & Unrestricted 3,000

MAKE A WISH FOUNDATION OF GREATER VIRGINIA

2810 N PARHAM RD STE 302
RICHMOND,VA23294 		N/A   General & Unrestricted 10,000

MANCHESTER BOYS AND GIRLS CLUB

555 UNION ST
MANCHESTER,NH03104 		N/A   General & Unrestricted 1,500

MARYLAND AGRICULTURAL EDUCATION

PO BOX 536
HVRE DE GRACE,MD21078 		N/A   Maryland Ag Literacy Professional Development - Lab Materials 5,000

MARYLAND FOOD BANK INC

2200 HALETHORPE FARMS RD
BALTIMORE,MD21227 		N/A   Making Food Accessible for our Neighbors on the Eastern Shore - Mobile Market and School Pantries 70,000

MEDICAL COLLEGE OF VIRGINIA FOUNDATION

1228 E BROAD ST
RICHMOND,VA23219 		N/A   Massey Cancer Center Richmond - Women and Wellness 10,000

MERCY CENTER FOUNDATION USA INC

1500 35TH ST NW
WASHINGTON,DC20007 		N/A   General & Unrestricted 2,000

MISSION AVIATION FELLOWSHIP

PO BOX 47
NAMPA,ID83653 		N/A   General & Unrestricted 10,000

MOVEABLE FEAST INC

901 N MILTON AVE
BALTIMORE,MD21205 		N/A   Eastern Shore Meal Delivery Truck 50,000

NATIONAL FFA FOUNDATION INC

6060 FFA DR
INDIANAPOLIS,IN46278 		N/A   Perdue Blue Jacket Program 20,000

NATURE CONSERVANCY

4245 N FAIRFAX DRIVE STE 100
ARLINGTON,VA22203 		N/A   General & Unrestricted 5,000

NC CENTER FOR POULTRY EDUCATION

1208 HIGH LEVEL RD
PINETOPS,NC27864 		N/A   Intern Stipends 7,500

W Swadley

NEW YORK UNIVERSITY
547 LAGUARDIA PL
NEW YORK,NY10012 		NONE   SCHOLARSHIP GRANT 5,000

NEWTOWN MONTESSORI SOCIETY INC

173 S MAIN ST
NEWTOWN,CT06470 		N/A   Fraser Woods Montessori School 20,000

NIMAN RANCH NEXT GENERATION FOUNDATION

1765 W 121ST AVE STE 400
WESTMINSTER,CO80234 		N/A   General & Unrestricted 10,000

NIMAN RANCH NEXT GENERATION FOUNDATION

1765 W 121ST AVE STE 400
WESTMINSTER,CO80234 		N/A   Young Farmer Education & Scholarship Fund 25,000

OLYMPIA SNOWE WOMENS LEADERSHIP INS

1 MONUMENT SQ STE 502
PORTLAND,ME04101 		N/A   General & Unrestricted 2,500

OPERA MAINE

PO BOX 7733
PORTLAND,ME04112 		N/A   Student Support 5,000

OPERATION BLESSING INTERNATIONAL RELIEF & DEVELOPM

977 CENTERVILLE TPKE
VIRGINIA BCH,VA23463 		N/A   Texas Flooding Relief 10,000

PARENTS PLACE OF MARYLAND INC

802 CROMWELL PARK DR STE H
GLEN BURNIE,MD21061 		N/A   Bilingual Wicomico County Community Navigator 20,000

PARSONSBURG FIRE CO INC

PO BOX 208
PARSONSBURG,MD21849 		N/A   Enhancing Community Safety: Equipment and Supplies for New Engine Tanker 75,000

PARTNERS FOR WORLD HEALTH

40 WALCH DR
PORTLAND,ME04103 		N/A   General & Unrestricted 10,000

PENNSYLVANIA FRIENDS OF AGRICULTURE FOUNDATION

214 SENATE AVE
CAMP HILL,PA17011 		N/A   Traveling Ag Labs Provide Vital Agriculture Education to Pennsylvania's Children, Residents, and Visitors - Lab Materials 5,000

PORTLAND MUSEUM OF ART

7 CONGRESS SQ
PORTLAND,ME04101 		N/A   Blueprint Campaign 50,000

PORTLAND MUSEUM OF ART

7 CONGRESS SQ
PORTLAND,ME04101 		N/A   Art for All and Free Fridays 100,000

POWER PRODUCTIONS MINISTRIES INC

PO BOX 5140
SALISBURY,MD21802 		N/A   Camera and Filming Equipment fund 20,000

PREBLE STREET

55 PORTLAND ST
PORTLAND,ME04101 		N/A   General & Unrestricted 1,000

PREGNANCY CENTER INC

1327 DILLON HEIGHTS AVE
CATONSVILLE,MD21228 		N/A   Pregnancy Care Clinic of the Eastern Shore Capital Campaign 50,000

PREGNANCY CENTER INC

2604 OLD OCEAN CITY RD
SALISBURY,MD21804 		N/A   Renovations of New Clinic 60,000

PROCTOR ACADEMY

PO BOX 500
ANDOVER,NH03216 		N/A   Parents' Annual Fund 50,000

RE WORK RICHMOND INC

2123 FAIRMOUNT AVE
RICHMOND,VA23223 		N/A   General & Unrestricted 500

RECOVERY RESOURCE CENTER INC

726 S SALISBURY BLVD STE E
SALISBURY,MD21801 		N/A   12-Step Addictions Recovery Program 10,000

REDWOOD EMPIRE FOOD BANK

3990 BRICKWAY BLVD
SANTA ROSA,CA95403 		N/A   Every Child, Every Day 7,500

REGENTS OF THE MERCERSBURG COLLEGE

100 ACADEMY DR
MERCERSBURG,PA17236 		N/A   General & Unrestricted 4,693

RICHMOND SOCIETY FOR THE PREVENTION OF CRUELTY TO

2519 HERMITAGE RD
RICHMOND,VA23220 		N/A   General & Unrestricted 3,333

RICHMOND TENNIS ASSOCIATION

PO BOX 17612
RICHMOND,VA23226 		N/A   General & Unrestricted 2,500

RICHMOND TENNIS ASSOCIATION

PO BOX 17612
RICHMOND,VA23226 		N/A   Clay Court and general fund 12,000

ROANOKE VALLEY RESCUE SQUAD INC

PO BOX 413
ROANOKE RAPID,NC27870 		N/A   to purchase New Personal Protective Equipment 12,000

SALISBURY CHILDRENS CHOIR INC

25946 CADILLAC WAY
MARDELA SPGS,MD21837 		N/A   Choir Scholarship Fund 5,000

SALISBURY CHRISTIAN SCHOOL INC

807 PARKER RD
SALISBURY,MD21804 		N/A   Gym Renovations 20,000

SALISBURY SCHOOL INC

6279 HOBBS RD
SALISBURY,MD21804 		N/A   Destination Imagination Team 4,000

SALISBURY SCHOOL INC

6279 HOBBS RD
SALISBURY,MD21804 		N/A   Annual Giving Campaign 10,000

SALISBURY SCHOOL INC

6279 HOBBS RD
SALISBURY,MD21804 		N/A   Annual Fund 3,500

SALISBURY SCHOOL INC

6279 HOBBS RD
SALISBURY,MD21804 		N/A   Capital Campaign 25,000

SALISBURY STATE UNIVERSITY FOUNDATION INC

PO BOX 2655
SALISBURY,MD21802 		N/A   Perdue Museum 5,000

K Wingate

SALISBURY UNIVERSITY
PO BOX 2195
SALISBURY,MD21802 		NONE   SCHOLARSHIP GRANT 5,000

SALVATION ARMY

407 OAK ST
SALISBURY,MD21804 		N/A   Holiday and Year End Programs 5,000

SALVATION ARMY

407 OAK ST
SALISBURY,MD21804 		N/A   Charitable Event 1,000

SAMARITANS PURSE

PO BOX 3000
BOONE,NC28607 		N/A   Texas Flood Relief 10,000

SC THRIVE

120 RESEARCH DR
COLUMBIA,SC29203 		N/A   Perdue Cares - Building a Culture of Whole-Person Care Health for Dillon County, SC 10,000

SEASIDE CHRISTIAN ACADEMY INC

12637A OCEAN GTWY
OCEAN CITY,MD21842 		N/A   Capital Campaign Effort for Gymnasium and Classrooms 75,000

SECOND HARVEST FOOD BANK OF METROLINA INC

500 SPRATT ST STE B
CHARLOTTE,NC28206 		N/A   Fighting Child Hunger in Cabarrus County 10,000

SEEDS OF PEACE INC

1100 13TH ST NW STE 800
WASHINGTON,DC20005 		N/A   General & Unrestricted 3,000

SENATOR GEORGE J MITCHELL SCHOLARSHIP RESEARCH INS

75 WASHINGTON AVE STE 2E
PORTLAND,ME04101 		N/A   Scholarship Fund 1,000

SEVEN ARROWS ELEMENTARY SCHOOL

2800 28TH ST STE 100
SANTA MONICA,CA90405 		N/A   General & Unrestricted 67,833

SKAGIT COMMUNITY FOUNDATION

1220 MEMORIAL HWY STE C
MOUNT VERNON,WA98273 		N/A   Skagit Disaster Relief Fund 25,000

SLEEP IN HEAVENLY PEACE INC

PO BOX 2905
PHOENIX,AZ85062 		N/A   No Kid Sleeps on the Floor in Our Town! KY-Ohio Co 50,000

SOUTHWEST RADIO CHURCH OF THE AIR

500 BEACON DR
OKLAHOMA CITY,OK73127 		N/A   General & Unrestricted 20,000

SPORTABLE RICHMOND ADAPTIVE SPORTS AND RECREATION

1365 OVERBROOK RD STE 2
RICHMOND,VA23220 		N/A   Charitable Event 2,000

ST CATHERINES SCHOOL FOUNDATION

6001 GROVE AVE
RICHMOND,VA23226 		N/A   Live Auction 2,000

ST JOSEPHS VILLA

8000 BROOK RD
RICHMOND,VA23227 		N/A   General & Unrestricted 500

ST JUDE CHILDRENS RESEARCH HOSPITAL INC

501 ST JUDE PL
MEMPHIS,TN38105 		N/A   General & Unrestricted 3,333

STANFORD UNIVERSITY

PO BOX 20466
STANFORD,CA94309 		N/A   General & Unrestricted 2,500

SUNNYBROOK HOPE CENTER

5601 SUNNYBROOK DR
SIOUX CITY,IA51106 		N/A   Nourishing Hope 20,000

SUSAN B ANTHONY PROJECT INC

179 WATER ST
TORRINGTON,CT06790 		N/A   General & Unrestricted 2,500

T Targac

TEXAS STATE UNIVERSITY
601 UNIVERSITY DR JC KELLAM STE 220
SAN MARCOS,TX78666 		NONE   SCHOLARSHIP GRANT 5,000

THE FREDERICK GUNN SCHOOL INCORPORATED

99 GREEN HILL RD
WASHINGTON,CT06793 		N/A   General & Unrestricted 10,000

THE GRANITE STATE CHILDRENS ALLIANCE

72 S RIVER RD STE 202
BEDFORD,NH03110 		N/A   Hillsborough Child Advocacy Center 5,000

THE PEOPLE CONCERN

2116 ARLINGTON AVE STE 100
LOS ANGELES,CA90018 		N/A   General & Unrestricted 3,333

THE UCLA FOUNDATION

PO BOX 7145
PASADENA,CA91109 		N/A   General & Unrestricted 5,000

THE UNITED WAY OF GREATER WATERBURY INC

123 BANK ST 3RD FL
WATERBURY,CT06702 		N/A   General & Unrestricted 30,000

THOMAS JEFFERSON FOUNDATION INC

PO BOX 217
CHARLOTTESVILLE,VA22902 		N/A   General & Unrestricted 2,500

TIDALHEALTH FOUNDATION INC

100 E CARROLL ST
SALISBURY,MD21801 		N/A   Graduate Medical Education 100,000

TIDALHEALTH FOUNDATION INC

100 E CARROLL ST
SALISBURY,MD21801 		N/A   Perdue IT Comfort Critters Project at Tidal Health 600

TIDALHEALTH FOUNDATION INC

100 E CARROLL ST
SALISBURY,MD21801 		N/A   Mobile Mammography Unit 75,000

TOWSON UNIVERSITY

8000 YORK RD
TOWSON,MD21252 		N/A   Sgt Maj Wardell Turner Football Scholarship Fund 500

TRUSTEES OF DARTMOUTH COLLEGE

6001 PARKHURST HALL STE 207
HANOVER,NH03755 		N/A   General & Unrestricted 5,000

TRUSTEES OF DARTMOUTH COLLEGE

6001 PARKHURST HALL STE 207
HANOVER,NH03755 		N/A   Low Income Student Support 5,000

UNION MEMORIAL HOSPITAL

201 E UNIVERSITY PKWY
BALTIMORE,MD21218 		N/A   Musculoskeletal Research and Innovation Center (MRIC) 5,000

UNITED CHURCH OF HOPE

201 LINDEN ST PO BOX 96
ELLIOT,IA51532 		N/A   Church Improvements 1,000

UNITED FUND OF DILLON COUNTY INC

PO BOX 828
DILLON,SC29536 		N/A   General & Unrestricted 3,244

UNITED WAY INC

550 FOREST AVE STE 100
PORTLAND,ME04101 		N/A   General & Unrestricted 1,000

UNITED WAY OF CENTRAL INDIANA INC

2955 N MERIDIAN ST STE 300
INDIANAPOLIS,IN46208 		N/A   General & Unrestricted 1,263

UNITED WAY OF DAVIESS COUNTY INC

PO BOX 224
WASHINGTON,IN47501 		N/A   General & Unrestricted 3,851

UNITED WAY OF DELAWARE INC

625 N ORANGE ST FL 3
WILMINGTON,DE19801 		N/A   General & Unrestricted 6,150

UNITED WAY OF HARRISONBURG & ROCKINGHAM COUNTY INC

100 S MASON ST STE A
HARRISONBURG,VA22801 		N/A   General & Unrestricted 952

UNITED WAY OF RICHMOND COUNTY INC

PO BOX 153
ROCKINGHAM,NC28380 		N/A   General & Unrestricted 1,617

UNITED WAY OF THE LOWER EASTERN SHORE INC

803 N SALISBURY BLVD STE 2100
SALISBURY,MD21801 		N/A   Impact Champion - Mini-Grants, Direct Programs and Get Connected Volunteer Center 30,000

UNITED WAY OF THE LOWER EASTERN SHORE INC

803 N SALISBURY BLVD STE 2100
SALISBURY,MD21801 		N/A   General & Unrestricted 75,218

UNITED WAY OF THE OHIO VALLEY INC

403 PARK PLZ DR
OWENSBORO,KY42301 		N/A   General & Unrestricted 1,559

UNITED WAY OF VIRGINIAS EASTERN SHORE INC

PO BOX 605
ONLEY,VA23418 		N/A   General & Unrestricted 2,792

UNIVERSITY OF GEORGIA FOUNDATION

1 PRESS PL STE 101
ATHENS,GA30601 		N/A   University of Georgia Poultry Science Building: A state-of-the-art space for advanced, forward-thinking, relevant poultry research 40,000

S Harrington

UNIVERSITY OF MARYLAND
1109 LEE BLDG
COLLEGE PARK,MD20742 		NONE   Scholarship Grant 5,000

UNIVERSITY OF MARYLAND FOUNDATION INC

3300 METZEROTT RD
ADELPHI,MD20783 		N/A   Perdue Scholarship Fund at UMES 10,000

K Bulluck

UNIVERSITY OF MOUNT OLIVE INC
634 HENDERSON ST
MOUNT OLIVE,NC28365 		NONE   SCHOLARSHIP GRANT 5,000

F Fuhs

UNIVERSITY OF NOTRE DAME
OFC OF RESEARCH
NOTRE DAME,IN46556 		NONE   SCHOLARSHIP GRANT 5,000

A Breheny

UNIVERSITY OF SOUTH CAROLINA
1600 HAMPTON ST SUITE 736
COLUMBIA,SC29208 		NONE   SCHOLARSHIP GRANT 5,000

L Miller

UNIVERSITY OF SOUTHERN INDIANA
8600 UNIVERSITY BLVD
EVANSVILLE,IN47712 		NONE   Scholarship Grant 5,000

UNIVERSITY OF SOUTHERN MAINE FOUNDATION

PO BOX 9300
PORTLAND,ME04104 		N/A   Center for the Arts 100,000

C Poe

UNIVERSITY OF THE CUMBERLANDS INC
6180 COLLEGE STA DR
WILLIAMSBURG,KY40769 		NONE   SCHOLARSHIP GRANT 5,000

UNIVERSITY OF VIRGINIA

PO BOX 400807
CHARLOTTESVILLE,VA22904 		N/A   School of Nursing 5,000

UNTOLD STORIES INC

111 LINDEN TER
TOWSON,MD21286 		N/A   Wave of Light 1,000

VILLAGE OF HOPE INC

1001 LAKE ST
SALISBURY,MD21801 		N/A   Steps to Success Transitional Living Program 7,500

VIRGINIA HISTORICAL SOCIETY

PO BOX 7311
RICHMOND,VA23221 		N/A   1831 Society 2,500

VIRGINIA MUSEUM OF FINE ARTS FOUNDATION

201 N ARTHUR ASHE BLVD
RICHMOND,VA23220 		N/A   Capital Campaign 145,000

VIRGINIA MUSEUM OF FINE ARTS FOUNDATION

201 N ARTHUR ASHE BLVD
RICHMOND,VA23220 		N/A   Sponsorship of "Frida, Beyond the Myth" 20,000

G Lessard

VIRGINIA POLYTECHNIC INSTITUTE AND
800 WASHINGTON ST SW STE 150
BLACKSBURG,VA24061 		NONE   SCHOLARSHIP GRANT 5,000

WICOMICO PUBLIC LIBRARY INC

122 S DIVISION ST
SALISBURY,MD21801 		N/A   New Wicomico Flagship Library on Schumaker Pond 125,000

WOMEN ARE DREAMERS TOO

PO BOX 1371
ALPHARETTA,GA30009 		N/A   To support Extended State of Georgia Children After School STEM Program - Technology 11,173

WOR-WIC COMMUNITY COLLEGE FOUNDATION

32000 CAMPUS DR
SALISBURY,MD21804 		N/A   Preparing for a Stronger Tomorrow - naming of CDL Laboratory 30,000

WORLD WILDLIFE FUND INC

1250 24TH ST NW
WASHINGTON,DC20037 		N/A   General & Unrestricted 2,500

WWP INC - WOUNDED WARRIOR PROJECT INC

PO BOX 758516
TOPEKA,KS66675 		N/A   General & Unrestricted 5,000

YOUNG MENS CHRISTIAN ASSOCIATION OF THE CHESAPEAKE

202 PEACH BLOSSOM RD
EASTON,MD21601 		N/A   Rich Schmader Memorial Fund for Livestrong Program of Salisbury YMCA 1,000

ZION COMMUNITY OUTREACH

PO BOX 1986
ROCKINGHAM,NC28380 		N/A   Food Campaign 4,000
Total ................................. 3a 3,318,396
bApproved for future payment
Total ................................. 3b  
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 ........... 		    14 5,256  
4 Dividends and interest from securities ....     14 1,869,437  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 3,756,572  
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) ..   5,631,265  
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,631,265
(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

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

TY 2025 DepreciationSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2025 InvestmentsCorpStockSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Name of Stock End of Year Book Value End of Year Fair Market Value
AMERICAN FUNDS EUROPACIFIC GRO 7,478,961 6,743,246
CREDIT SUISSE COMMODITY RET ST 1,473,249 1,408,156
DODGE & COX FUNDS INTERNATIONA 3,990,438 6,451,171
FIDELITY TOTAL BOND 8,951,664 8,920,757
MAINSTAY HIGH YIELD CORPORATE 1,482,724 1,426,404
T. ROWE PRICE INTERNATIONAL DI 4,133,185 3,656,812
VANGUARD REIT INDEX FD ADMIRAL 1,151,251 1,287,743
VANGUARD TBM INDEX FD ADMIRAL 6,909,958 6,289,856
VANGUARD TBM INDEX FUND INSTL 2,586,457 2,605,136
VANGUARD TOTAL STOCK MARKET IN 13,128,002 32,987,068

TY 2025 InvestmentsOtherSchedule2
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ENTRUST CAPITAL DIVERSIFIED FU   270,581 20,762

TY 2025 LoansFromOfficersSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332

Item No. 1
Lender's Name PERDUE FARMS INC
Lender's Title  
Original Amount of Loan 10000
Balance Due 0
Date of Note 2024-07
Maturity Date 2025-03
Repayment Terms PRINCIPAL ON MATURITY
Interest Rate 0.
Security Provided by Borrower NONE
Purpose of Loan PROVIDE DISASTER RELIEF GRANTS DURING EMERGENCIES
Description of Lender Consideration CASH - $10,000
Consideration FMV  


TY 2025 OtherExpensesSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 85,101     85,101
Bank Charges 224 224    
Indemnification Insurance 8,733     8,733
Postage/Delivery Service 198     198


TY 2025 OtherProfessionalFeesSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 14,980 14,980    
SCHOLARSHIP MANAGEMENT SRVCS 6,250     6,250


TY 2025 TaxesSchedule
Name:
Franklin P and Arthur W Perdue Foundation
 
Inc
EIN:
52-6054332
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2025 51,600      
990-PF Extension for 2024 12,400