Whitfield Family Charitable Trust, Whitfield T W & W F Jr Et Al Ttees in Charleston, South Carolina (SC)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in South Carolina
| Whitfield Family Charitable Trust, Whitfield T W & W F Jr Et Al Ttees | |
| Employer Identification Number (EIN) | 576107128 |
| Name of Organization | Whitfield Family Charitable Trust |
| Secondary Name | Whitfield T W & W F Jr Et Al Ttees |
| Address | 6518 Dorchester Rd Ste C, Charleston, SC 29418-5100 |
| Subsection | Charitable Organization |
| Ruling Date | 03/1986 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2011 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,822,375 |
| Amount of Income | $2,848,591 |
| Form 990 Revenue Amount | $19,173 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $19,173 | $19,178 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $4,651 | |||
| Dividends and interest from securities | $14,527 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $166,769 | $69 | $0 | $166,700 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $69 | $69 | $0 | |
| Contributions, gifts, grants paid | $166,700 | |||
| Excess of revenue over expenses and disbursements | $-147,596 | |||
| Net investment income | $19,109 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,822,375 | $3,851,354 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $495,012 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,327,363 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $3,822,375 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-5 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $382 |
| Total credits and payments | $6,216 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $6,216 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $5,834 |
| Amount to be credited to 2012 estimated tax | $5,834 |
| Statements Regarding Activities (for 2011) | |
| 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 |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | 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 |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | 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 |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | 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 |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $3,964,885 |
| Net value of noncharitable-use assets | $3,905,420 |
| Minimum investment return | $195,271 |
| Distributable Amount (for 2011) | |
| Distributable amount | $194,889 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $194,889 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| 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 |
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| Other organizations in South Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wateree Community Actions Inc | 2712 Middleburg Dr Ste 207, Columbia, SC 29204-2415 | SC | 1970-07 | $15,092,113 |
| 2 | Wateree Dreams Foundation | 273 Blue Heron Dr, Rock Hill, SC 29732-8832 | SC | 1999-03 | $644,108 |
| 3 | Watershed Ministries | 711 E Main St Ste S, Lexington, SC 29072-3684 | SC | 2008-11 | $110,659 |
| 4 | Waterway South Owners Association Inc | 170 River Breeze Dr, Charleston, SC 29407-5687 | SC | $259,453 | |
| 5 | We Are The Future Foundation International Inc | PO BOX 12754, Florence, SC 29504-2754 | SC | 2000-03 | $1 |
| 6 | Wellspoken Ministries | 3 Furwood Ct, Greer, SC 29650-2596 | SC | 2006-02 | $55,933 |
| 7 | Welvista | 2700 Middleburg Dr, Columbia, SC 29204-2416 | SC | 1998-02 | $54,433,487 |
| 8 | Westminister Presbyterian Church Endowment Fund | 2310 Augusta St, Greenville, SC 29605-1745 | SC | 1997-05 | $12,165 |
| 9 | Westover Apartments Inc | 4 Palmetto Park Drive, Charleston, SC 29407-5974 | SC | 1989-03 | $216,774 |
| 10 | D6yaa-District 6 Youth Athletic Association | PO BOX 170386, Spartanburg, SC 29301-0026 | SC | 1997-10 | $192,336 |
| 11 | Whitfield Family Charitable Trust, Whitfield T W & W F Jr Et Al Ttees | 6518 Dorchester Rd Ste C, Charleston, SC 29418-5100 | SC | 1986-03 | $2,848,591 |
| 12 | William And Margaret S Hamilton Foundation Inc | 732 Columbia Dr, Myrtle Beach, SC 29577-4175 | SC | 1998-03 | $731 |
| 13 | William B And Lela P Earle Scholarship Trust Fund, Snyder Theodore A Tte | PO BOX 40, Walhalla, SC 29691-0040 | SC | 2000-06 | $104,628 |
| 14 | William Guy Forbeck Research Foundation | 23 Peninsula Dr, Hilton Head, SC 29926-1133 | SC | 1985-07 | $1,999,183 |
| 15 | William Thomas Academy | 1345 Companion Ct, Sumter, SC 29150-1749 | SC | 2005-12 | $149,252 |
| 16 | Williamsburg Hometown Chamber | PO BOX 696, Kingstree, SC 29556-0696 | SC | 2002-02 | $84,284 |
| 17 | Williamsburg Regional Boys To Men Club Inc | 39 Gates St, Kingstree, SC 29556-2569 | SC | 2007-02 | $75,440 |
| 18 | Wilson High School Alumni Association Incorporated, Wilson Highschool Alumni Foundation | PO BOX 538, Florence, SC 29503-0538 | SC | 2010-03 | $138,666 |
| 19 | Wilson High School Athletic | PO BOX 15035, Florence, SC 29506-0035 | SC | 2009-01 | $6,500 |
| 20 | Wind And Fire Ministries | 211 Glenville Dr, Fort Mill, SC 29715-5815 | SC | 1993-02 | $1 |
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