Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025
Name of foundation
THE SOLON AND MARTHA DIXON FD
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1375
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ANDALUSIA, AL36420
A Employer identification number

63-0812726
B Telephone number (see instructions)

(334) 343-0628
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$29,629,166J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 302,920 302,920  
4 Dividends and interest from securities... 433,804 433,804  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,376,819
b Gross sales price for all assets on line 6a 7,027,802
7 Capital gain net income (from Part IV, line 2)... 1,376,819
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,250 8,250  
12 Total. Add lines 1 through 11........ 2,121,793 2,121,793  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 88,000 35,200   52,800
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
14,000 10,500   3,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
265,437 265,437    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
36,421 9,173    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 1,900 950   950
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,136 2,111   2,025
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 409,894 323,371   59,275
25 Contributions, gifts, grants paid....... 1,323,410 1,323,410
26 Total expenses and disbursements. Add lines 24 and 25 1,733,304 323,371   1,382,685
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 388,489
b Net investment income (if negative, enter -0-) 1,798,422
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,756,576 1,215,133 1,215,133
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,839,293 Click to see attachment
List of Attached Documents:
// Content
2,934,718 		2,905,590
b Investments—corporate stock (attach schedule)....... 12,164,681 Click to see attachment
List of Attached Documents:
// Content
13,206,141 		21,299,843
c Investments—corporate bonds (attach schedule)....... 4,116,551 Click to see attachment
List of Attached Documents:
// Content
3,916,392 		3,729,344
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,894 Click to see attachment
List of Attached Documents:
// Content
4,100 		4,100
14 Land, buildings, and equipment: basis right arrow475,156
Less: accumulated depreciation (attach schedule) right arrow   475,156 Click to see attachment
List of Attached Documents:
// Content
475,156 		475,156
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,363,151 21,751,640 29,629,166
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,470 		Click to see attachment
List of Attached Documents:
// Content
1,470
23 Total liabilities (add lines 17 through 22)......... 1,470 1,470
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 21,361,681 21,750,170
29 Total net assets or fund balances (see instructions)..... 21,361,681 21,750,170
30 Total liabilities and net assets/fund balances (see instructions). 21,363,151 21,751,640
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
21,361,681
2
Enter amount from Part I, line 27a .....................
2
388,489
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
21,750,170
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
21,750,170
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a "PUBLICLY TRADED SECURITIES" P    
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 7,027,802   5,650,983 1,376,819
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       1,376,819
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 1,376,819
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 1,376,819
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 24,998
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 24,998
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 24,998
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 24,500
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,530
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 32,030
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 26
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 7,006
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow7,006 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowAL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowNONE
14
The books are in care ofright arrowCAPSTONE ACCTG & ADVISORS LLC, CAPSTONE ACCTG & ADVISORS LLC Telephone no.right arrow (334) 222-2907

Located atright arrow218 SOUTH THREE NOTCH STREET218 SOUTH THREE NOTCH STREETANDALUSIAAL ZIP+4right arrow364201219
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
DORIS B TYLER DIRECTOR
1.50 		9,200 0 0
PO DRAWER 1375
ANDALUSIA,AL36420
FRANK MCGUIRE VICE PRESIDE
1.50 		9,200 0 0
PO DRAWER 1375
ANDALUSIA,AL36420
LOUISA M BAKER SECRETARY
1.50 		9,200 0 0
PO DRAWER 1375
ANDALUSIA,AL36420
PHILLIP G JONES PRESIDENT
6.00 		51,200 0 0
PO DRAWER 1375
ANDALUSIA,AL36420
EVERETT E JOHNSON TREASURER
1.50 		9,200 0 0
PO DRAWER 1375
ANDALUSIA,AL36420
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right 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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
27,460,345
b
Average of monthly cash balances.......................
1b
1,737,341
c
Fair market value of all other assets (see instructions)................
1c
475,156
d
Total (add lines 1a, b, and c).........................
1d
29,672,842
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
 
3
Subtract line 2 from line 1d.........................
3
29,672,842
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
445,093
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
29,227,749
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,461,387
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,461,387
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
24,998
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
24,998
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,436,389
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,436,389
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
1,436,389
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,382,685
b
Program-related investments—total from Part VIII-B..................
1b
 
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
1,382,685
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,436,389
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,325,565
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,382,685
a Applied to 2023, but not more than line 2a 1,325,565
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 2024 distributable amount..... 57,120
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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  
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		1,379,269
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
PHILLIP G JONES PRESIDENT
PO DRAWER 1375
ANDALUSIA,AL36420
(334) 343-0628
bThe form in which applications should be submitted and information and materials they should include:
A LETTER OF REQUEST DETAILING THE TAX EXEMPT PURPOSE OF THE ENTITY AND THE PROJECT BEING UNDERTAKEN; WHO WILL BENEFIT FROM THE PROJECT; OTHER ENTITIES WHO WILL BE PARTICIPATING IN THE PROJECT; AMOUNT THAT THE REQUESTING ENTITY WILL BE CONTRIBUTING TO THE PROJECT AND THE AMOUNT WHICH THE ENTITY WILL BE REQUESTING FROM THIS FOUNDATION. IN THE NARRATIVE DESCRIBING THE PROJECT, THE ENTITY SHOULD STATE THE START-UP DATE OF THE PROJECT AND THE ESTIMATED COMPLETION DATE OF THE PROJECT. THE ENTITY IS TO INFORM THE FOUNDATION OF THE SUCCESS OF THE PROJECT AND PROVIDE APPROPRIATE PICTURES. IN ADDITION TO THE LETTER OF REQUEST, THE TAX EXEMPT ENTITY SHOULD ENCLOSE THE FOLLOWING DOCUMENTS: 1. LIST OF THE ENTITY'S CURRENT OFFICERS AND BOARD OF DIRECTORS. 2. COPY OF ENTITY'S 501(C)(3) DETERMINATION LETTER. 3. ENTITY'S LAST YEAR END FINANCIAL STATEMENTS. 4. ENTITY'S LAST FORM 990 OR FORM 990-EZ SUBMITTED TO THE IRS.
cAny submission deadlines:
REQUESTS TO THE FOUNDATION SHOULD BE SUBMITTED ON OR BEFORE SEPTEMBER 1ST, NOVEMBER 30TH, FEBRUARY 2
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION'S CHARITABLE PURPOSE SEEKS TO SUPPORT AND PROMOTE THE CULTIVATION AND GROWTH OF FORESTS AS A NATURAL RESOURCE, AND TO SUPPORT AND PROMOTE EDUCATIONAL ACTIVITIES WHICH DEVELOP AND IMPLEMENT SYSTEMATIC FOREST MANAGEMENT INFORMATION FOR THE PRODUCTION OF TIMBER PRODUCTS AND AT THE SAME TIME PROMOTE CONSERVATION OF SUCH NATURAL RESOURCES, AND TO FOSTER ECOLOGICAL DEVELOPMENT OF CO-EXISTENCE BETWEEN TIMBER RESOURCES AND DISTRIBUTIONS OF HUMAN, SOCIAL AND CULTURAL PATTERNS. THE FOUNDATION ALSO CONSIDERS SCIENTIFIC AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3). PRIORITY IS GIVEN TO AUBURN UNIVERSITY'S COLLEGE OF FORESTRY,WILDLIFE AND ENVIRONMENT; SOUTHERN PREPARATORY ACADEMY; AND GOVERNMENT AND RELATED AGENCIES, EDUCATION SYSTEMS AND CHARITABLE ENTITIES, ALL WITHIN COVINGTON COUNTY, AL.
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMERICA'S HEROES ENJOYING RECREATIO

8410 US HIGHWAY 80
TUSKEGEE,AL36083 		NONE PC VETERANS' THERAPY SUPPORT 14,100

ANDALUSIA BALLET ASSOC

420 CHURCH STREET
ANDALUSIA,AL364201229 		NONE PC SPONSOR PERFORMERS & GUEST DANCERS 6,000

SAV-A-LIFE OF COVINGTON COUNTY INC

P O BOX 487
ANDALUSIA,AL36420 		NONE PC ASSISTANCE WITH OPERATING COSTS 10,000

EASTER SEALS CAMP ASCCA

P O BOX 21
JACKSONS GAP,AL36861 		NONE PC REC AREA AT PICKLEBALL COURTS 12,500

ANDALUSIA COMMUNITY CHRISTMAS

P O BOX 1525
ANDALUSIA,AL36420 		NONE PC CHRISTMAS FOR COMMUNITY CHILDREN 5,000

ANDALUSIA H S SCHOLARSHIP FDN

PO BOX 603
ANDALUSIA,AL36420 		NONE PC SCHOLARSHIPS FOR AHS STUDENTS 10,000

AUBURN UNIVERSITY FOUNDATION

317 SOUTH COLLEGE STREET
AUBURN,AL36830 		NONE PC DORMS @ FORESTRY ED CENTER 150,000

BETHESDA HOUSE INC

PO BOX 397
ANDALUSIA,AL36420 		NONE PC OPERATING & CAPITAL ASSET COSTS 52,500

CATER 2 COPS

1034 EAST COLUMBUS STREET
DADEVILLE,AL36853 		NONE PC RETREATS FOR POLICE OFFICERS & FAMIL 20,000

COVINGTON COUNTY SCHOOLS

807 CC BAKER AVENUE
ANDALUSIA,AL36420 		NONE PC PLEASANT HOME SCHOOL-GIRLS' BASKETBA 17,000

COVINGTON COUNTY SCHOOLS

807 CC BAKER AVENUE
ANDALUSIA,AL36420 		NONE PC PLEASANT HOME SCHOOL-FFA STRING BAND 20,000

COVINGTON COUNTY SCHOOLS

807 CC BAKER AVENUE
ANDALUSIA,AL36420 		NONE PC COV CNTY CHORAL COMPANY 12,000

COVINGTON COUNTY SCHOOLS

807 CC BAKER AVENUE
ANDALUSIA,AL36420 		NONE PC FLEETA JR HIGH-STAGE CURTAIN 15,000

COV CNTY FORESTRY PLANNING

PO BOX 519
ANDALUSIA,AL36420 		NONE GOV 2024 FALL LANDOWNERS TOUR 3,500

COV CNTY FORESTRY PLANNING

PO BOX 519
ANDALUSIA,AL36420 		NONE GOV TREASURE FOREST LANDOWNERS BANQUET 2,500

COV CNTY FORESTRY PLANNING

PO BOX 519
ANDALUSIA,AL36420 		NONE GOV RED LEVEL SCHOOLYARD FOREST 8,000

COV CNTY FORESTRY PLANNING

PO BOX 519
ANDALUSIA,AL36420 		NONE GOV 2025 FORESTRY MGMT & HERBICIDE SEMIN 3,000

COVINGTON VETERANS FOUNDATION

PO BOX 52
ANDALUSIA,AL36420 		NONE PC RECOGNIZE & HONOR LOCAL VETERANS 5,000

COVINGTON REGION HONOR FLIGHT

PO BOX 281
ANDALUSIA,AL36420 		NONE PC VETERANS' FLIGHT TO WASHINGTON, DC 5,000

COVINGTON HISTORICAL SOCIETY

PO BOX 1582
ANDALUSIA,AL36420 		NONE PC RENOVATION OF THREE NOTCH MUSEUM 21,000

IMAGINATION LIBRARY INC

PO BOX 643
ANDALUSIA,AL36420 		NONE PC DISTRIBUTION OF AGE-APPROPRIATE BOOK 7,500

MEREDITH'S MIRACLES INC

P O BOX 2032
ANDALUSIA,AL36420 		NONE PC FINANCIAL SUPPORT SICK/INJURED CHILD 10,000

HOUSING AUTHORITY CITY OF OPP

800 BARNES STREET
OPP,AL36467 		NONE GOV INSPIRE & EMPOWER RESIDENTS 14,000

DISCOVERING AL MUSEUM

103 SMITH HALL
TUSCALOOSA,AL35487 		NONE PC PROMOTE NATURAL SCIENCE/CONSERVATION 25,000

VOLUNTEERS OF AMERICA SOUTHEAST

1204 HILLCREST ROAD
MOBILE,AL36695 		NONE PC HOLIDAY GIFTS, APARTMENT OCCUPANTS 3,000

THE LONGLEAF ALLIANCE INC

12130 DIXON CENTER ROAD
ANDALUSIA,AL36420 		NONE PC RAISER'S EDGE NXT DATA MGMT SYS 16,000

COV CNTY COOP EXTENSION SERVICE

PO BOX 519
ANDALUSIA,AL36420 		NONE PC SUPPORT FOR 4-H PROGRAM YEAR 2025/26 15,000

FAITH BROADCASTING INC

P O BOX 210789
MONTGOMERY,AL36121 		NONE PC BROADCAST SOFTWARE & HARDWARE UPGRAD 14,500

FELLOWSHIP OF CHRISTIAN ATHLETES

PO BOX 230685
MONTGOMERY,AL36123 		NONE PC ADMIN, TEACHER & COACHES FAMILY RETR 5,000

FRESH AIR FAMILY

PO BOX 321038
BIRMINGHAM,AL35232 		NONE PC GROSS OUT CAMP/HANDS-ON SCIENCE CAMP 20,000

THE FULL TUMMY PROJECT OF COV CNTY

PO BOX 211
ANDALUSIA,AL36420 		NONE PC HUNGER & FOOD NEEDS OF CHILDREN 25,000

MIZELL MEMORIAL HOSPITAL

PO BOX 1010
OPP,AL36467 		NONE PC OPTIMIZING IV PUMP SAFETY W/SOFTWARE 35,000

MIZELL MEMORIAL HOSPITAL

PO BOX 1010
OPP,AL36467 		NONE PC MICROSOFT SQL SOFTWARE FOR IV PUMP 13,500

OPP CULTURAL ARTS CENTER

PO BOX 377
OPP,AL36467 		NONE PC SUPPLIES FOR ART CLASSES, ART SHOW 22,000

SOUTH CENTRAL AL MENTAL HEALTH

820 SOUTH THREE NOTCH ST
ANDALUSIA,AL36420 		NONE PC PLAY, LEARN, THRIVE PROJECT 7,500

CROSSOVER ANCHORED WITH CHRIST

508 HIGHWAY 52 EAST
OPP,AL36467 		NONE PC RENOVATIONS & UPGRADES TO BUILDING 151,450

LBW COMMUNITY COLLEGE

PO DRAWER 1418
ANDALUSIA,AL36420 		NONE PC CONSTRUCTION OF ADMIN BUILDING 375,000

LIBERTY LEARNING FOUNDATION INC

3414 GOVERNORS DRIVE SW
HUNTSVILLE,AL35805 		NONE PC CIVIC & CHARACTER DEVELOPMENT 31,860

LOWER ALABAMA ARTS COALITION

PO BOX 1963
ANDALUSIA,AL36420 		NONE PC ART SUPPLIES, MURAL PROJECT & CHOIR 25,000

SOUTHERN PREPARATORY ACADEMY

PO BOX 550
CAMP HILL,AL36850 		NONE PC DINING HALL REVITALIZATION PROJECT 35,000

AL JUNIOR MISS SCHOLARSHIP FDN INC

PO BOX 231180
MONTGOMERY,AL361231180 		NONE PC DISTINGUISHED YOUNG WOMEN-COV CNTY 5,000

ANDALUSIA KIWANIS CLUB FOUNDATION

PO BOX 975
ANDALUSIA,AL36420 		NONE PC NEW BLDG FACADE & TICKET OFFICE 75,000
Total .................................right arrow 3a 1,323,410
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 302,920  
4 Dividends and interest from securities ....     14 433,804  
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 .....     16 8,250  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,376,819  
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) ..   2,121,793  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,121,793
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE SOLON AND MARTHA DIXON FD
EIN:
63-0812726
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING & TAX FEES 14,000 10,500   3,500

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE SOLON AND MARTHA DIXON FD
EIN:
63-0812726
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 3,916,392 3,729,344

TY 2024 InvestmentsCorpStockSchedule
Name:
THE SOLON AND MARTHA DIXON FD
EIN:
63-0812726
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 13,206,141 21,299,843

TY 2024 InvestmentsGovtObligationsSch
Name:
THE SOLON AND MARTHA DIXON FD
EIN:
63-0812726
US Government Securities - End of Year Book Value:

2,934,718
US Government Securities - End of Year Fair Market Value:

2,905,590
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 InvestmentsOtherSchedule2
Name:
THE SOLON AND MARTHA DIXON FD
EIN:
63-0812726
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INTEREST PURCHASED ON BONDS AT COST 4,100 4,100

TY 2024 LandEtcSchedule2
Name:
THE SOLON AND MARTHA DIXON FD
EIN:
63-0812726
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND - 104 ACRES 475,156   475,156 475,156


TY 2024 OtherExpensesSchedule
Name:
THE SOLON AND MARTHA DIXON FD
EIN:
63-0812726
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INSURANCE - OFFICERS & DIRECT 1,413 707   706
INSURANCE - TIMBER AND LAND 84 84    
OFFICE EXPENSE & POSTAGE 2,639 1,320   1,319


TY 2024 OtherIncomeSchedule2
Name:
THE SOLON AND MARTHA DIXON FD
EIN:
63-0812726
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
LEASE FOR LONGLEAF PINE STRAW 5,250 5,250  
OIL, GAS & MINERAL LEASE 3,000 3,000  


TY 2024 OtherLiabilitiesSchedule
Name:
THE SOLON AND MARTHA DIXON FD
EIN:
63-0812726
Description Beginning of Year - Book Value End of Year - Book Value
FEDERAL & AL WITHHOLDING TAX 1,470 1,470


TY 2024 OtherProfessionalFeesSchedule
Name:
THE SOLON AND MARTHA DIXON FD
EIN:
63-0812726
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 265,437 265,437    


TY 2024 TaxesSchedule
Name:
THE SOLON AND MARTHA DIXON FD
EIN:
63-0812726
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 9,173 9,173    
FEDERAL EXCISE TAX 27,248