William Kelly Gregory & Anna Margaretta Gregory Charitable Foun in Towson, Maryland (MD)

William Kelly Gregory & Anna Margaretta Gregory Charitable Foun
Employer Identification Number (EIN)	272267148
Name of Organization	William Kelly Gregory & Anna Margaretta Gregory Charitable Foun
In Care of Name	Wilbur C Jensen
Address	22 W Pennsylvania Ave Ste 606, Towson, MD 21204-5005
Subsection	Charitable Organization
Ruling Date	02/2011
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1,000,000 to $4,999,999
Income	$500,000 to $999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$1,621,590
Amount of Income	$536,786
Form 990 Revenue Amount	$85,039
National Taxonomy of Exempt Entities (NTEE)	Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations

Non-representatives - add comments:

Amount of income in 2013: $536,786 (it was $77,182 in 2012)

William Kelly Gregory & Anna Margaretta Gregory Charitable Foun:	$536,786
Other organizations performing similar types of work:	$107,502

Assets in 2013: $1,621,590 (it was $1,559,235 in 2012)

William Kelly Gregory & Anna Margaretta Gregory Charitable Foun:	$1,621,590
Other organizations performing similar types of work:	$322,766

Expenses in 2013: $55,847

This organization:	$55,847
Other organizations performing similar types of work:	$58,249

Income to expenses ratio in 2013: 9.6

William Kelly Gregory & Anna Margaretta Gregory Charitable Foun:	9.6
Other organizations performing similar types of work:	2.0

Grants share in income in 2013: 0.0%

William Kelly Gregory & Anna Margaretta Gregory Charitable Foun:	0.0%
Other organizations performing similar types of work:	98.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$111,217	$111,217	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$517
Dividends and interest from securities	$49,296
Gross rents	$0
Gross sales price for all assets	$486,973
Gross profit from sales of goods	$0
Other income	$0
Other	$61,404
Total expenses and disbursements	$55,847	$16,361	$0	$39,486
Compensation of officers, directors, trustees, etc.	$8,486
Pension plans, employee benefits	$0
Legal fees	$6,200
Accounting fees	$0
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$24,847	$16,361		$8,486
Contributions, gifts, grants paid	$31,000
Excess of revenue over expenses and disbursements	$55,370
Net investment income		$94,856
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$1,587,891	$1,621,382	$1,559,235	$1,675,952	$1,621,590	$1,838,339
Cash - non-interest-bearing	$102,090		$1,697		$0
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$194,906		$517,755		$194,806
Investments-corporate bonds	$40,000		$99,717		$173,132
Investments-mortgage loans	$0		$0		$0
Investments-other	$0		$449,966		$770,218
Other assets	$794,395		$0		$1,286
Total liabilities	$0		$1		$1
Mortgages and other notes payable	$0		$0		$0
Other liabilities	$0		$0		$0
Total liabilities and net assets/fund balances	$1,587,891		$1,559,235		$1,621,590

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$16,836	$28,199	$61,404
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$614	$638	$1,897
Total credits and payments	$900	$286	$1,000
Current year estimated tax payments and previous year's overpayment credited to current year	$0	$286	$1,000
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$900	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$5	$0
Tax due	$0	$357	$897
Overpayment	$286	$0	$0
Amount to be credited to next year's estimated tax	$286	$0	$0

	2011	2012	2013
Statements Regarding Activities
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?	No	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?	No	No	No
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?	No	No	No
Has the foundation filed a tax return on Form 990-T for this year?	No	No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?	Yes	Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?	No	No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?	No	No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?	Yes	Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041	No	No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?	No	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?	No	No	No
Agree to pay money or property to a government official?	No	No	No
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?	No	No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?	No	No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above 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?	No	No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year 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?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
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 this year?	No	No	No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?	No	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?	No	No	No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?	No	No	No
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?	No	No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?	No	No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?	No	No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$1,690,627	$1,680,692	$1,764,782
Net value of noncharitable-use assets	$1,665,268	$1,655,482	$1,738,310
Minimum investment return	$83,263	$82,774	$86,916

	2011	2012	2013
Distributable Amount
Distributable amount	$82,649	$82,136	$85,019

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$82,649	$82,136	$85,019
Undistributed income for this year. This amount must be distributed in the next year	$10,003	$3,647	$49,180

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
The lesser of the adjusted net income or the minimum investment return	$0	$0	$0	$0	$0
Qualifying distributions made directly for active conduct of exempt activities	$0	$0	$0	$0	$0
Value of all assets	$0	$0	$0	$0	$0
Value of assets qualifying under section 4942(j)(3)(B)(i)	$0	$0	$0	$0	$0
2/3 of minimum investment return	$0	$0	$0	$0	$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)	$0	$0	$0	$0	$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)	$0	$0	$0	$0	$0
Gross investment income	$0	$0	$0	$0	$0

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$517	$0
Dividends and interest from securities	$49,296	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	The Cupid Foundation Inc	930 Greenspring Valley Rd, Lutherville, MD 21093-3609	MD	2008-06	$27,463,069
2	Tamias Foundation	217 International Circle, Hunt Valley, MD 21030-1332	MD	2003-02	$3,132,338
3	Ahns Foundation Inc	13014 Boswell Ct, Potomac, MD 20854-6361	MD	2011-04	$1,505,513
4	Sanders Foundation	4990 Sentinel Dr Apt 306, Bethesda, MD 20816-3584	MD	2001-01	$1,355,701
5	Veerayatan International Inc	6890 Woodglen Drive, Hughesville, MD 20637	MD	1996-09	$743,157
6	The Rcm&d Foundation	555 Fairmount Ave, Baltimore, MD 21286-5417	MD	2000-06	$570,965
7	William Kelly Gregory & Anna Margaretta Gregory Charitable Foun	22 W Pennsylvania Ave Ste 606, Towson, MD 21204-5005	MD	2011-02	$536,786
8	Kahan Family Foundation	602 Hermleigh Rd, Silver Spring, MD 20902-1610	MD	2011-11	$304,964
9	Schuh Family Foundation Inc	PO BOX 48, Gibson Island, MD 21056-0048	MD	2001-03	$218,012
10	The@milton M Meyer Jr & Mildred B Meyer Foundation	3705 Taylor St, Chevy Chase, MD 20815-4119	MD	2003-02	$210,897
11	Tia Foundation	1532 Pointer Ridge Pl Ste G, Bowie, MD 20716-1874	MD	2001-07	$208,154
12	Stone Family Foundation Inc	7 Saint Paul St Ste 910, Baltimore, MD 21202-1672	MD	1999-05	$205,953
13	Under Armour Foundation Inc	1020 Hull Street, Baltimore, MD 21230-5356	MD	2014-07	$200,000
14	Williams Foundation	7 Cedar Point Rd, Severna Park, MD 21146-4505	MD	2011-02	$180,000
15	The William S Baer School Partnership Board Inc	2001 N Warwick Ave, Baltimore, MD 21216-3203	MD	1995-08	$123,522
16	Sioda Family Foundation Inc	7330 Apple Dr, Boonsboro, MD 21713-2200	MD	2006-03	$73,370
17	Wilbert Foundation	PO BOX 226, Hagerstown, MD 21741-0226	MD	2005-01	$40,220
18	Syed Mohamed And Sharifah Zaitun Albukhary Waqf	4323 Rosedale Ave, Bethesda, MD 20814-4750	MD	2003-05	$8,513
19	Tucker-Diggs Foundation Inc	11868 Linden Chapel Rd, Clarksville, MD 21029-1127	MD	2001-01	$301
20	Sandy Spring Bank Foundation Inc	17801 Georgia Ave, Olney, MD 20832-2233	MD	2015-02	$1

Number of organizations performing similar types of work

Alaska	6
Alabama	22
Arkansas	13
Arizona	41
California	323
Colorado	62
Connecticut	59
District of Columbia	21
Delaware	45
Florida	200
Georgia	87
Hawaii	13
Iowa	26
Idaho	13
Illinois	148
Indiana	53
Kansas	20
Kentucky	21
Louisiana	20
Massachusetts	108
Maryland	62
Maine	6
Michigan	78
Minnesota	56
Missouri	38
Mississippi	11

Montana	12
North Carolina	85
North Dakota	3
Nebraska	23
New Hampshire	10
New Jersey	139
New Mexico	14
Nevada	24
New York	359
Ohio	99
Oklahoma	35
Oregon	40
Pennsylvania	119
Rhode Island	21
South Carolina	19
South Dakota	6
Tennessee	28
Texas	190
Utah	31
Virginia	60
Vermont	8
Washington	67
Wisconsin	52
West Virginia	2
Wyoming	10
International	5

Total

3,013

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