THE FOUNDATION IS RELYING ON THE SUITABILITY TEST UNDER TREAS. REG. 53.4942(A)-3(B)(2), AS THE NATURE OF THE PROJECTS FOR WHICH FUNDS ARE SET ASIDE MAKES IMMEDIATE PAYMENT IMPRACTICAL. THIS INCLUDES PROJECTS THAT REQUIRE SUBSTANTIAL PLANNING, PERMITTING, DESIGN, OR FUNDRAISING BEFORE IMPLEMENTATION.EACH PROJECT FOR WHICH FUNDS HAVE BEEN SET ASIDE IS CONSISTENT WITH THE FOUNDATION'S EXEMPT PURPOSES AND FURTHERS ITS MISSION UNDER SECTION 501(C)(3). NONE OF THE SET-ASIDE AMOUNTS WILL BE USED FOR TAXABLE EXPENDITURES UNDER SECTION 4945.THE FOUNDATION AFFIRMS THAT THE AMOUNTS SET ASIDE ARE TREATED AS QUALIFYING DISTRIBUTIONS SOLELY FOR PURPOSES OF MEETING THE CASH DISTRIBUTION TEST AND NOT FOR THE GROSS INCOME TEST. THE FOUNDATION'S ELECTION TO USE THE CASH DISTRIBUTION TEST IS REFLECTED IN PART XI, LINE 3B OF FORM 990-PF.
Application Information
Accepts Unsolicited ProposalsNo — Preselected Only
Phone4349736365
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
Year
Total Giving
Total Assets
Revenue
Grants
2018
N/A
$1.9M
$287K
N/A
2019
N/A
$2.2M
$293K
N/A
2020
N/A
$2.5M
$293K
N/A
2022
N/A
$2.5M
$2
N/A
2024
$400K
$2.6M
$39K
1
Grant Size Distribution
Based on 1 grants on record
Minimum
$400K
25th Pctl
$400K
Median
$400K
Average
$400K
75th Pctl
$400K
Maximum
$400K
Geographic Distribution
Key Personnel
Name
Title
Compensation
THOMAS E WORRELL JR
DIR / CHR
—
ALEXANDRA WAYNE
PRESIDENT
—
Grants Awarded
(1 total)
Recipient
Location
Amount
Purpose
Year
CHARLES SCHWAB DONOR ADVISED FUND
ORLANDO, FL
$400,000
TO PROMOTE CHARITABLE PURPOSES AS DESIGNED BY THE ORGANIZATION