(i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
---|---|---|---|---|---|---|
Yes | No | |||||
(A)
Auburn University Foundation |
636022422 | 7 | No | 134,000 | 0 | |
(B)
Auburn University Foundation- Montgomery |
636022422 | 7 | No | 77,000 | 0 | |
(C)
Birmingham-Southern College |
630288811 | 2 | No | 424,000 | 0 | |
(D)
University of Alabama |
636001138 | 2 | No | 234,000 | 0 | |
(E)
Huntingdon College |
630288841 | 2 | No | 216,000 | 0 | |
(F)
Oakwood University |
630366652 | 2 | No | 93,000 | 0 | |
(G)
Samford University |
630312914 | 2 | No | 455,000 | 0 | |
(H)
South Alabama University of |
630477348 | 2 | No | 207,000 | 0 | |
(I)
Spring Hill College |
630302179 | 2 | No | 177,500 | 0 | |
(J)
Stillman College |
630315935 | 2 | No | 132,000 | 0 | |
(K)
Talladega College |
630288870 | 2 | No | 87,064 | 0 | |
(L)
Tuskegee University |
630288878 | 2 | No | 193,000 | 0 | |
(M)
University of Alabama at Birmingham |
636005396 | 2 | No | 437,000 | 0 | |
(N)
University of Mobile |
630417508 | 2 | No | 166,000 | 0 | |
(O)
Barry University |
590624364 | 2 | No | 165,000 | 0 | |
(P)
Bethune-Cookman University |
590704726 | 2 | No | 126,210 | 0 | |
(Q)
Eckerd College |
590859121 | 2 | No | 171,000 | 0 | |
(R)
Florida Institute of Technology |
596046500 | 2 | No | 207,500 | 0 | |
(S)
Florida International University Foundation Inc |
237047106 | 5 | No | 212,000 | 0 | |
(T)
Florida Southern College |
590624401 | 2 | No | 266,000 | 0 | |
(U)
Florida State University Foundation |
596152180 | 5 | No | 211,000 | 0 | |
(V)
Rollins College |
590624440 | 2 | No | 213,000 | 0 | |
(W)
University of South Florida Foundation Inc |
590879015 | 7 | No | 211,000 | 0 | |
(X)
Stetson University |
590624416 | 2 | No | 367,000 | 0 | |
(Y)
University of Miami |
590624458 | 2 | No | 152,000 | 0 | |
(Z)
A G Rhodes Home Inc |
580586001 | 10 | No | 578,000 | 0 | |
(AA)
Agnes Scott College |
580566116 | 2 | No | 524,000 | 0 | |
(AB)
Andrew College |
580568687 | 2 | No | 158,000 | 0 | |
(AC)
Berry College |
580566133 | 2 | No | 640,000 | 0 | |
(AD)
Brenau University |
580566143 | 2 | No | 355,000 | 0 | |
(AE)
Brewton-Parker College |
580619030 | 2 | No | 149,000 | 0 | |
(AF)
Clark Atlanta University |
581825259 | 2 | No | 471,000 | 0 | |
(AG)
Clayton State University Foundation |
237419285 | 5 | No | 141,500 | 0 | |
(AH)
Covenant College |
430719506 | 2 | No | 155,000 | 0 | |
(AI)
Emory University |
580566256 | 2 | No | 2,520,000 | 0 | |
(AJ)
Georgia College & State University Foundation Inc |
586043972 | 10 | No | 308,000 | 0 | |
(AK)
Georgia Gwinnett College Foundation Inc |
205107997 | 5 | No | 75,000 | 0 | |
(AL)
Georgia Health Sciences Foundation Inc |
352310573 | 5 | No | 646,000 | 0 | |
(AM)
Georgia Southern University Foundation Inc |
586034031 | 5 | No | 424,000 | 0 | |
(AN)
Georgia State University Foundation Inc |
586033185 | 7 | No | 450,000 | 0 | |
(AO)
Kennesaw State University Foundation |
237034345 | 5 | No | 318,161 | 0 | |
(AP)
LaGrange College |
580566199 | 2 | No | 409,000 | 0 | |
(AQ)
Mercer University |
580566167 | 2 | No | 790,000 | 0 | |
(AR)
University of North Georgia Foundation |
237066297 | 5 | No | 175,000 | 0 | |
(AS)
Oglethorpe University |
580568698 | 2 | No | 524,000 | 0 | |
(AT)
Servants of Relief for Incurable Cancer |
580566234 | 1 | No | 463,000 | 0 | |
(AU)
Piedmont College |
580566212 | 2 | No | 321,000 | 0 | |
(AV)
Presbyterian Homes of Georgia Inc |
581944849 | 10 | No | 456,000 | 0 | |
(AW)
Reinhardt University |
580603153 | 2 | No | 269,000 | 0 | |
(AX)
Shorter University |
582624570 | 2 | No | 267,000 | 0 | |
(AY)
Spelman College |
580566243 | 2 | No | 708,000 | 0 | |
(AZ)
Emory University - Budd Terrace |
580566256 | 2 | No | 281,000 | 0 | |
(BA)
Thomas University |
580644897 | 2 | No | 82,000 | 0 | |
(BB)
Truett-McConnell University |
580531392 | 2 | No | 117,000 | 0 | |
(BC)
University of Georgia Foundation |
586033837 | 5 | No | 388,000 | 0 | |
(BD)
Valdosta State University Foundation Inc |
581582136 | 5 | No | 156,000 | 0 | |
(BE)
Wesleyan College |
580593438 | 2 | No | 376,000 | 0 | |
(BF)
University of West Georgia Foundation Inc |
586056464 | 5 | No | 206,000 | 0 | |
(BG)
Young Harris College |
580593414 | 2 | No | 372,000 | 0 | |
(BH)
Centenary College of Louisiana |
720408915 | 2 | No | 315,000 | 0 | |
(BI)
Dillard University |
720408929 | 2 | No | 95,000 | 0 | |
(BJ)
Louisiana College |
720467515 | 2 | No | 69,000 | 0 | |
(BK)
Louisiana State University at Alexandria |
726000848 | 2 | No | 91,000 | 0 | |
(BL)
Louisiana State University at Eunice Foundation |
582028025 | 2 | No | 114,000 | 0 | |
(BM)
Louisiana Tech University |
726000792 | 2 | No | 87,000 | 0 | |
(BN)
Louisiana University of at Lafayette Foundation |
726023836 | 7 | No | 98,000 | 0 | |
(BO)
Louisiana University of at Monroe Foundation |
726028527 | 5 | No | 178,000 | 0 | |
(BP)
Loyola University New Orleans |
720408946 | 2 | No | 214,000 | 0 | |
(BQ)
Franciscan Missionaries of Our Lady University |
721173156 | 2 | No | 155,000 | 0 | |
(BR)
Southeastern Louisiana University Foundation |
726028821 | 5 | No | 107,000 | 0 | |
(BS)
Tulane University |
720423889 | 2 | No | 389,000 | 0 | |
(BT)
Xavier University of Louisiana |
720635884 | 2 | No | 285,000 | 0 | |
(BU)
Belhaven University |
640303069 | 2 | No | 163,000 | 0 | |
(BV)
Millsaps College |
640303084 | 2 | No | 458,000 | 0 | |
(BW)
Mississippi College |
640303086 | 2 | No | 360,000 | 0 | |
(BX)
Mississippi University for Women Foundation |
237050717 | 5 | No | 155,000 | 0 | |
(BY)
Rust College |
640303805 | 2 | No | 159,000 | 0 | |
(BZ)
The University of Southern Mississippi Foundation |
646022505 | 5 | No | 178,000 | 0 | |
(CA)
Tougaloo College |
640303093 | 2 | No | 209,275 | 0 | |
(CB)
University of Mississippi Medical Center |
646008520 | 2 | No | 331,000 | 0 | |
(CC)
Arbor Acres United Methodist Retirement Community |
561152263 | 7 | No | 300,000 | 0 | |
(CD)
Baptist Retirement Homes of North Carolina Inc |
560562308 | 10 | No | 265,000 | 0 | |
(CE)
Barton College |
560529933 | 2 | No | 205,000 | 0 | |
(CF)
Belmont Abbey College |
560547498 | 2 | No | 200,000 | 0 | |
(CG)
Brevard College |
560532297 | 2 | No | 200,000 | 0 | |
(CH)
Cabarrus College of Health Sciences |
843647453 | 2 | No | 180,000 | 0 | |
(CI)
Campbell University |
560529940 | 2 | No | 300,000 | 0 | |
(CJ)
Catawba College |
560530251 | 2 | No | 215,000 | 0 | |
(CK)
Chowan University |
560554199 | 2 | No | 215,000 | 0 | |
(CL)
Davidson College |
560529961 | 2 | No | 200,000 | 0 | |
(CM)
Duke University |
560532129 | 2 | No | 400,000 | 0 | |
(CN)
Elon University |
560532303 | 2 | No | 275,000 | 0 | |
(CO)
Forsyth Technical Community College Foundation |
561070364 | 5 | No | 240,000 | 0 | |
(CP)
Gardner-Webb University |
560529972 | 2 | No | 230,000 | 0 | |
(CQ)
Greensboro College |
560532144 | 2 | No | 200,000 | 0 | |
(CR)
Guilford College |
560529982 | 2 | No | 220,000 | 0 | |
(CS)
Hospice & Palliative Care Center |
581343313 | 7 | No | 125,000 | 0 | |
(CT)
Lees-McRae College |
560529953 | 2 | No | 195,000 | 0 | |
(CU)
Lenoir-Rhyne University |
560556753 | 2 | No | 190,000 | 0 | |
(CV)
Louisburg College |
560547511 | 2 | No | 175,000 | 0 | |
(CW)
Mars Hill University |
560554207 | 2 | No | 195,000 | 0 | |
(CX)
Meredith College |
560530242 | 2 | No | 250,000 | 0 | |
(CY)
Montreat College |
560543261 | 2 | No | 215,000 | 0 | |
(CZ)
Moravian Home Inc |
560963926 | 7 | No | 235,000 | 0 | |
(DA)
Wake Forest University Health Sciences |
223849199 | 2 | No | 315,000 | 0 | |
(DB)
North Carolina Wesleyan College |
560686603 | 2 | No | 195,000 | 0 | |
(DC)
Penick Village Inc |
560729010 | 10 | No | 300,000 | 0 | |
(DD)
Pfeiffer University |
560529990 | 2 | No | 195,000 | 0 | |
(DE)
Queens University of Charlotte |
560530003 | 2 | No | 360,000 | 0 | |
(DF)
Salem Academy |
560530005 | 2 | No | 155,000 | 0 | |
(DG)
Salem College |
560530005 | 2 | No | 245,000 | 0 | |
(DH)
Senior Services Inc |
561085968 | 7 | No | 105,000 | 0 | |
(DI)
St Andrews University |
560530240 | 2 | No | 195,000 | 0 | |
(DJ)
Saint Augustine's University |
560547478 | 2 | No | 120,000 | 0 | |
(DK)
Saint Mary's School |
560532314 | 2 | No | 120,000 | 0 | |
(DL)
University of Mount Olive Inc |
560623936 | 2 | No | 63,500 | 0 | |
(DM)
The University of North Carolina |
566001393 | 2 | No | 395,000 | 0 | |
(DN)
Foundation of the University of North Carolina at Charlotte |
566059417 | 5 | No | 180,000 | 0 | |
(DO)
The University of North Carolina-Greensboro |
566001468 | 2 | No | 150,000 | 0 | |
(DP)
University of North Carolina School of the Arts Foundation Inc |
566064850 | 5 | No | 275,000 | 0 | |
(DQ)
Warren Wilson College |
560767736 | 2 | No | 200,000 | 0 | |
(DR)
Wingate University |
566049935 | 2 | No | 210,000 | 0 | |
(DS)
Winston-Salem State University |
566001466 | 2 | No | 260,000 | 0 | |
(DT)
Anderson University |
570324906 | 2 | No | 105,000 | 0 | |
(DU)
Charleston Southern University |
570474291 | 2 | No | 119,000 | 0 | |
(DV)
Claflin University |
570314374 | 2 | No | 123,359 | 0 | |
(DW)
Clemson University Foundation |
570426335 | 5 | No | 113,000 | 0 | |
(DX)
Coker University |
570324916 | 2 | No | 137,000 | 0 | |
(DY)
College of Charleston Foundation |
237069236 | 5 | No | 192,000 | 0 | |
(DZ)
Columbia College |
570324915 | 2 | No | 170,000 | 0 | |
(EA)
Converse University |
570314380 | 2 | No | 163,000 | 0 | |
(EB)
Erskine College |
570314390 | 2 | No | 94,500 | 0 | |
(EC)
Furman University |
570314395 | 2 | No | 324,000 | 0 | |
(ED)
Medical University of South Carolina |
576007222 | 6 | No | 271,000 | 0 | |
(EE)
Presbyterian College |
570314408 | 2 | No | 261,000 | 0 | |
(EF)
Spartanburg Methodist College |
570314415 | 2 | No | 134,000 | 0 | |
(EG)
University of South Carolina Educational Foundation |
576017985 | 5 | No | 269,000 | 0 | |
(EH)
Wofford College |
570314422 | 2 | No | 333,000 | 0 | |
(EI)
Baptist Memorial College of Health Sciences |
621599670 | 2 | No | 245,000 | 0 | |
(EJ)
Belmont University |
640465076 | 2 | No | 248,500 | 0 | |
(EK)
Carson-Newman University |
620479189 | 2 | No | 141,000 | 0 | |
(EL)
Christian Brothers University |
620476666 | 2 | No | 119,000 | 0 | |
(EM)
Cumberland University |
620599339 | 2 | No | 90,000 | 0 | |
(EN)
Fisk University |
620202000 | 2 | No | 137,052 | 0 | |
(EO)
King University |
581363100 | 2 | No | 112,000 | 0 | |
(EP)
Lee University |
620502739 | 2 | No | 122,000 | 0 | |
(EQ)
University of Tennessee Southern |
626001636 | 2 | No | 57,000 | 0 | |
(ER)
Maryville College |
620475691 | 2 | No | 110,000 | 0 | |
(ES)
University of Memphis Foundation |
626048540 | 5 | No | 167,000 | 0 | |
(ET)
Rhodes College |
620476301 | 2 | No | 344,000 | 0 | |
(EU)
Tennessee State University Foundation |
237105693 | 2 | No | 114,000 | 0 | |
(EV)
The University of the South |
620475697 | 2 | No | 350,000 | 0 | |
(EW)
Tusculum University |
620484185 | 2 | No | 112,000 | 0 | |
(EX)
Union University |
620516509 | 2 | No | 105,000 | 0 | |
(EY)
Vanderbilt University |
620476822 | 2 | No | 374,000 | 0 | |
(EZ)
Averett University |
540129860 | 2 | No | 273,200 | 0 | |
(FA)
Bluefield University |
540568200 | 2 | No | 189,300 | 0 | |
(FB)
Bon Secours Richmond Healthcare Foundation |
201072726 | 7 | No | 335,600 | 0 | |
(FC)
Bridgewater College |
540506306 | 2 | No | 258,500 | 0 | |
(FD)
Christchurch School Foundation |
510236362 | 7 | No | 140,000 | 0 | |
(FE)
Christopher Newport University Educational Foundation Inc |
541156248 | 7 | No | 205,900 | 0 | |
(FF)
William and Mary Foundation |
540734117 | 5 | No | 267,000 | 0 | |
(FG)
Collegiate School |
540528203 | 2 | No | 144,600 | 0 | |
(FH)
Eastern Mennonite University |
540575812 | 2 | No | 318,900 | 0 | |
(FI)
Emory & Henry College |
540505892 | 2 | No | 262,200 | 0 | |
(FJ)
Episcopal High School |
540506326 | 2 | No | 154,400 | 0 | |
(FK)
Ferrum College |
540506457 | 2 | No | 233,300 | 0 | |
(FL)
George Mason University Foundation |
541603842 | 5 | No | 249,300 | 0 | |
(FM)
Goodwin House Inc |
540623670 | 10 | No | 260,700 | 0 | |
(FN)
Hampton Roads Academy |
540659912 | 2 | No | 141,300 | 0 | |
(FO)
Hampton University |
540505990 | 2 | No | 277,000 | 0 | |
(FP)
Hollins University |
540506314 | 2 | No | 262,300 | 0 | |
(FQ)
J Sargeant Reynolds Community College Educational Foundation |
541130296 | 5 | No | 220,300 | 0 | |
(FR)
James Madison University Foundation |
237156305 | 7 | No | 342,800 | 0 | |
(FS)
Longwood University Foundation |
546047289 | 7 | No | 267,400 | 0 | |
(FT)
University of Lynchburg |
540505922 | 2 | No | 288,000 | 0 | |
(FU)
The Madiera School |
540505925 | 2 | No | 87,700 | 0 | |
(FV)
Mary Baldwin University |
540506319 | 2 | No | 281,800 | 0 | |
(FW)
Marymount University |
540573801 | 2 | No | 349,100 | 0 | |
(FX)
Medical College of Virginia Foundation |
546053660 | 5 | No | 655,000 | 0 | |
(FY)
New Community School |
540973221 | 2 | No | 136,700 | 0 | |
(FZ)
Oak Hill Academy |
540563004 | 1 | No | 146,400 | 0 | |
(GA)
Old Dominion University Educational Foundation |
546052014 | 5 | No | 263,500 | 0 | |
(GB)
Radford University Foundation Inc |
237219782 | 5 | No | 658,200 | 0 | |
(GC)
Randolph College |
540505941 | 2 | No | 238,900 | 0 | |
(GD)
Randolph-Macon College |
540505940 | 2 | No | 264,300 | 0 | |
(GE)
Rappahannock Westminster-Canterbury Foundation |
521435132 | 7 | No | 155,320 | 0 | |
(GF)
School of Richmond Ballet |
546049848 | 10 | No | 152,400 | 0 | |
(GG)
Riverside College of Health Careers |
521245746 | 3 | No | 295,200 | 0 | |
(GH)
Roanoke College |
540505945 | 2 | No | 262,400 | 0 | |
(GI)
Sentara College of Health Sciences |
541547408 | 3 | No | 301,500 | 0 | |
(GJ)
Shenandoah University |
540525605 | 2 | No | 341,900 | 0 | |
(GK)
Southside Health Education Foundation |
830458666 | 7 | No | 340,000 | 0 | |
(GL)
St Catherine's School Foundation |
546036896 | 7 | No | 171,500 | 0 | |
(GM)
St Margaret's School Foundation |
510206215 | 7 | No | 162,900 | 0 | |
(GN)
St Stephen's and St Agnes School Foundation |
546054009 | 7 | No | 148,000 | 0 | |
(GO)
Stuart Hall School Foundation |
841648803 | 7 | No | 74,000 | 0 | |
(GP)
Sweet Briar College |
540534105 | 2 | No | 94,700 | 0 | |
(GQ)
Virginia Repertory Theatre |
510159357 | 10 | No | 72,200 | 0 | |
(GR)
University of Mary Washington Foundation Inc |
540169627 | 5 | No | 252,200 | 0 | |
(GS)
University of Richmond |
540505965 | 2 | No | 388,000 | 0 | |
(GT)
University of Virginia Alumni Association |
540485595 | 5 | No | 566,300 | 0 | |
(GU)
University of Virginia Medical School Foundation |
237173411 | 5 | No | 655,000 | 0 | |
(GV)
University of Virginia's College at Wise Foundation |
541638774 | 7 | No | 397,100 | 0 | |
(GW)
Virginia Episcopal School |
540506431 | 2 | No | 80,900 | 0 | |
(GX)
Virginia Union University |
540524516 | 2 | No | 187,300 | 0 | |
(GY)
Virginia Wesleyan University |
546039600 | 2 | No | 244,300 | 0 | |
(GZ)
Washington and Lee University |
540505977 | 2 | No | 267,000 | 0 | |
(HA)
Westminster-Canterbury Foundation |
521189655 | 7 | No | 673,200 | 0 | |
(HB)
Westminster-Canterbury on Chesapeake Bay |
541071734 | 7 | No | 299,640 | 0 | |
(HC)
Westminster-Canterbury of the Blue Ridge |
521447069 | 10 | No | 129,800 | 0 | |
Total 211
|
53,923,481 | 0 |
Calendar year (or fiscal year beginning in) | (a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
---|---|---|---|---|---|---|---|
1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
4 | Total. Add lines 1 through 3 | ||||||
5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
6 | Public support. Subtract line 5 from line 4. |
Calendar year (or fiscal year beginning in) | (a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
---|---|---|---|---|---|---|---|
7 | Amounts from line 4.. | ||||||
8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
11 | Total support. Add lines 7 through 10 |
Calendar year (or fiscal year beginning in) | (a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
---|---|---|---|---|---|---|---|
1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
6 | Total. Add lines 1 through 5 | ||||||
7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
c | Add lines 7a and 7b.. | ||||||
8 | Public support. (Subtract line 7c from line 6.) |
Calendar year (or fiscal year beginning in) | (a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
---|---|---|---|---|---|---|---|
9 | Amounts from line 6... | ||||||
10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
c | Add lines 10a and 10b. | ||||||
11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
13 | Total support. (Add lines 9, 10c, 11, and 12.).. |
Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
1 | Net short-term capital gain | 1 | 5,018,536 | 0 | ||
2 | Recoveries of prior-year distributions | 2 | 0 | 0 | ||
3 | Other gross income (see instructions) | 3 | 47,017,613 | 0 | ||
4 | Add lines 1 through 3 | 4 | 52,036,149 | 0 | ||
5 | Depreciation and depletion | 5 | 477 | 0 | ||
6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | 863,634 | 0 | ||
7 | Other expenses (see instructions) | 7 | 0 | 0 | ||
8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | 51,172,038 | 0 |
Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
a | Average monthly value of securities | 1a | 1,547,017,221 | 0 | ||
b | Average monthly cash balances | 1b | 8,847,095 | 0 | ||
c | Fair market value of other non-exempt-use assets | 1c | 1,473,552 | 0 | ||
d | Total (add lines 1a, 1b, and 1c) | 1d | 1,557,337,868 | 0 | ||
e |
Discount claimed for blockage or other factors (explain in detail in Part VI): 21,960,018 |
|||||
2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | 0 | 0 | ||
3 | Subtract line 2 from line 1d | 3 | 1,557,337,868 | 0 | ||
4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | 23,360,068 | 0 | ||
5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | 1,533,977,800 | 0 | ||
6 | Multiply line 5 by 0.035 | 6 | 53,689,223 | 0 | ||
7 | Recoveries of prior-year distributions | 7 | 0 | 0 | ||
8 | Minimum Asset Amount (add line 7 to line 6) | 8 | 53,689,223 | 0 |
Section C - Distributable Amount | Current Year | |||||
1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | 51,172,038 | |||
2 | Enter 85% of line 1 | 2 | 43,496,232 | |||
3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | 53,689,223 | |||
4 | Enter greater of line 2 or line 3 | 4 | 53,689,223 | |||
5 | Income tax imposed in prior year | 5 | 0 | |||
6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | 53,689,223 |
Section D - Distributions | Current Year | |
---|---|---|
1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | 53,923,481 |
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | 0 |
3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | 304,694 |
4 Amounts paid to acquire exempt-use assets | 4 | 0 |
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | 0 |
6 Other distributions (describe in Part VI). See instructions | 6 | 0 |
7Total annual distributions. Add lines 1 through 6. | 7 | 54,228,175 |
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | 25,590,064 |
9 Distributable amount for 2021 from Section C, line 6 | 9 | 53,689,223 |
10 Line 8 amount divided by Line 9 amount | 10 | 4766.0000000000 % |
Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2021 |
(iii) Distributable Amount for 2021 |
|
---|---|---|---|---|
1 Distributable amount for 2021 from Section C, line 6 | 53,689,223 | |||
2
Underdistributions, if any, for years prior to 2021 (reasonable cause required-- explain in Part VI). See instructions. |
0 | |||
3 Excess distributions carryover, if any, to 2021: | ||||
a From 2016.......0 | ||||
b From 2017.......0 | ||||
c From 2018.......0 | ||||
d From 2019.......0 | ||||
e From 2020.......38,733 | ||||
fTotal of lines 3a through e | 38,733 | |||
g Applied to underdistributions of prior years | 0 | |||
h Applied to 2021 distributable amount | 38,733 | |||
i
Carryover from 2016 not applied (see instructions) |
0 | |||
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | 0 | |||
4Distributions for 2021 from Section D, line 7: | ||||
$ 54,228,175 | ||||
a Applied to underdistributions of prior years | 0 | |||
b Applied to 2021 distributable amount | 53,650,490 | |||
c Remainder. Subtract lines 4a and 4b from line 4. | 577,685 | |||
5
Remaining underdistributions for years prior to 2021, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
0 | |||
6
Remaining underdistributions for 2021. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
0 | |||
7 Excess distributions carryover to 2022. Add lines 3j and 4c. |
577,685 | |||
8 Breakdown of line 7: | ||||
a Excess from 2017.....0 | ||||
b Excess from 2018.....0 | ||||
c Excess from 2019.....0 | ||||
d Excess from 2020.....0 | ||||
e Excess from 2021.....577,685 |
Facts And Circumstances Test |
---|
Return Reference | Explanation |
---|---|
PART IV, SECTION A, LINE 1 | In 2021, the Lettie Pate Whitehead Foundation supported 196 schools and colleges and 15 senior care institutions. The will that created the Foundation designates those supported organizations by class, restricting support to "established educational institutions of good standing" that provide "proper and adequate education...to poor and deserving Christian girls and "established hospitals or institutions for indigent Christian women" in nine southeastern states. No supported organizations are named in the Foundation's governing documents because the supported organizations are designated by class and the Foundation has maintained historic and continuing relationships with its supported organizations since it was created in 1953. Twenty-one of the supported organizations have received annual support since 1954 when the Foundation's grants program was limited only to institutions in Georgia, Virginia, and North Carolina. An additional 44 institutions from Alabama, Florida, Louisiana, Mississippi, South Carolina, and Tennessee have received annual support since 1972 when the Foundation expanded its programs to those other states. Almost all supported organizations have received annual support from the Foundation for almost 30 years. The Internal Revenue Service recognized the significance of these historic and continuing relationships when it designated the Foundation as a 509(a)(3) supporting organization in 1991. |
PART IV, SECTION A, LINE 5a | In 2021, four supported organizations were removed from the Foundations' grants programs. Removal from the Foundation's list of supported organizations is rare and always predicated on an objective change in status such as closure, loss of accreditation, a fundamental change in programs or priorities by the supported organization, or voluntary withdrawal. Judson College [EIN 63-0288850] was removed from the grants program in 2021 because the College closed all academic operations as of July 31, 2021. The University of Central Florida [EIN 59-6211832] and East Carolina University [EIN 56-6093187] voluntarily withdrew from the Foundation's scholarship program during 2021. Visiting Nurse Health System (VNHS) [EIN 58-0566250] closed its in-patient hospice program, which is the program to which the Foundation directed grant support. The Foundation last made a grant to VNHS in 2019. When VNHS sold its in-patient hospice unit and determined it would focus solely on its home health business, its programs no longer fit the Foundation's senior care priorities. Similarly, new organizations are rarely added to the Foundation's grants program and only after the Foundation's assets have grown to a level that can support an additional institution on a permanent basis while still growing support for existing supported organizations. No new supported organizations were added to the Foundation's grants program in 2021. The Foundation was created in accordance with the will of Conkey Pate Whitehead and has operated in accordance with the terms of that will since it was funded in 1953. While the will or governing documents do not contain specific provisions governing the addition or removal of supported organizations, their clear direction about the purposes of the Foundation effectively constrain trustees in selecting new beneficiaries. All organizations supported by the Foundation must 1) provide a proper and adequate education through established educational institutions of good standing for poor and deserving Christian girls or 2) provide proper and adequate care through established hospitals or institutions for indigent Christian women. The will further limits the support to residents and institutions within the states of Alabama, Florida, Georgia, Louisiana, Mississippi, North and South Carolina, Tennessee and Virginia. Historically, the trustees have interpreted these provisions as directing them to maintain relatively constant or increasing support of a stable set of institutions that are especially likely to serve deserving Christian girls (or indigent women in the case of elderly care institutions) from the designated states as evidenced by their student demographics, scholarship programs or specific education programs. The process for adding a new organization typically begins with multiple written requests from an interested organization, followed by meetings with the institutional leadership and site visits by Foundation staff and/or trustees. The Foundation also conducts independent research on a candidate institution's record for serving and graduating students. The process for adding institutions to the list of supported organizations has not changed since the Foundation received IRS approval to convert from a private foundation to a supporting organization in 1991 and was disclosed as part of that request. |
PART IV, SECTION D, LINE 3 | Trustees of the Lettie Pate Whitehead Foundation serve as current and former trustees, directors, or emeritus trustees of several supported organizations. Through these overlapping relationships, Foundation trustees are sensitive to the supported organizations' particular financial needs, the organizations' schedules for making awards of financial aid, and their need to maintain a reliable, steadily growing stream of income from the Foundation. Foundation staff and trustees also meet regularly with executive and board leadership of each supported organization. In calendar year 2021 Foundation staff and trustees visited with officers and/or trustees of more than 120 supported organizations. During meetings with the supported organizations, Foundation staff and trustees discuss key issues impacting higher education and elderly care and how the Foundation can be responsive to institutions as they face increasingly challenging operating environments. Foundation trustees actively consider what they learn in these meetings when investing Foundation assets and when making grant decisions. Conversations with supported organizations have been particularly critical over the last two years as all Foundation beneficiaries continue to struggle with the operating and financial impacts of the pandemic and many schools struggle with declining enrollments. Based on conversations with leaders at each supported organization, Foundation trustees and staff were better equipped to direct resources to those institutions that most effectively serve students and seniors with the greatest need. The Foundation's investment portfolio is designed to keep pace with steadily growing costs in higher education and elderly care. Over time, the Foundation's investment portfolio has produced reliable, steady increases in distributions that have exceeded the rate of inflation and kept close pace with the growth in costs for college and skilled nursing care. The Foundation introduced an Annual Meeting for beneficiaries in January 2017 to provide regular annual updates on the Foundation's investments, grants programs and priorities. Presidents of all Foundation beneficiaries were invited to participate in the Annual Meeting, which was conducted via webinar. More than 95% of the beneficiaries elected to participate in the 2021 webinar, which was consistent with the attendance rates for the Foundation's first four Annual Meetings. A greater number of beneficiaries participated in the Foundation's sixth Annual Meeting in January 2022. The 2021 and 2022 Annual Meeting programs included significant time for beneficiaries to pose questions to the Foundation's officers and trustees, and all questions posed were either answered live on the webinar or in follow-up conversations. Of the 2022 webinar's 377 registered participants, more than one-third completed an anonymous post-meeting survey in which they provided feedback about the Annual Meeting format and effectiveness and made suggestions for the 2023 meeting. |
Part V, Section B, Line 1e | As of December 31, 2020 the Foundation owned 22,636,929 shares of The Coca-Cola Company common stock. These represent approximately .53% of the total 4,302 million shares outstanding. The fair value computed on the per-share price is not necessarily what the Foundation would receive if a significant portion of the stock were sold because of the Foundation's large holding. The Foundation engaged an independent valuation consultant who calculated a blockage discount factor of 1.87%. The average monthly fair value of the shares based on the per-share price was $1,174,332,494 and the blockage discount was $21,960,018. $1,174,332,494 @ 1.87% = $21,960,018. |
PART V, SECTION D, LINE 8 | The Foundation provided 10% or more of the total private financial aid raised by at least 109 of its supported organizations. This number represents only those schools who verified the percentage of total private financial aid raised; the actual number of schools to which the Foundation provided 10% or more of the total private financial aid budget was likely greater. Grants made to these schools comprise more than half of the Foundation's distributions to schools in 2021. In many instances, the Foundation provides more than 50% of a supported organization's total private financial aid budget. For each supported organization, the loss of the Foundation's support would be a devastating blow to their respective financial aid programs - particularly at this time when schools report that attracting need-based financial aid is their top priority. Consequently, each school has a real and substantial interest in being attentive to the operations of the Foundation. Treasury Regulations indicate that an organization's attentiveness should be determined not only in light of the total number of dollars provided but in light of the length of time over which support has been provided. In many other cases, private scholarship support is raised on an annual basis from various, episodic donors who may make one-time or infrequent gifts to a school. In contrast, the Foundation's support is far more significant to its supported organizations because unlike other sources of private funding, it can be counted on year after year, making the total value to the schools of maintaining a strong relationship with the Foundation that much greater. The Foundation's supported organizations would struggle to replace a loss of the Foundation's funding and would likely need to reduce scholarship programs in that event. Reducing or eliminating grants is particularly devastating when those grants support scholarships because those scholarships usually entail four-year commitments. Current enrolled students receiving Lettie Pate Whitehead scholarships may have to withdraw from school if the Foundation terminates its funding. As a result, the supported organizations have a very real and vested interest in monitoring the activities of the Foundation and ensuring that its support continues. |
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