David And June Trone Family Foundation in Potomac, Maryland (MD)

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David And June Trone Family Foundation
Employer Identification Number (EIN)453564622
Name of OrganizationDavid And June Trone Family Foundation
In Care of NameDavid J Trone
Address11325 Seven Locks Rd Ste 214, Potomac, MD 20854-3205
SubsectionCharitable Organization
Ruling Date11/2011
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$5,000,000 to $9,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$5,204,016
Amount of Income$8,257,224
Form 990 Revenue Amount$5,085,643
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2012: $8,257,224
David And June Trone Family Foundation: 

 $8,257,224
Other organizations performing similar types of work: 

 $97,434

Assets in 2012: $5,204,016
David And June Trone Family Foundation: 

 $5,204,016
Other organizations performing similar types of work: 

 $303,611

Financial snapshot ($)

Revenue for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$5,085,643$107,472$0
Contributions, gifts, grants, etc., received$5,000,513
Interest on savings and temporary cash investments$16
Dividends and interest from securities$107,456
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$3,332$3,332$0$0
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$3,332$3,332$0
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$5,082,311
Net investment income$104,140
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$5,204,016$5,277,172
Cash - non-interest-bearing$369,532
Investments-U.S. and state government obligations$0
Investments-corporate stock$4,834,484
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Total liabilities$0
Total liabilities and net assets/fund balances$5,204,016
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$-22,342
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$2,083
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$2,083
Amount to be credited to 2013 estimated tax$0
Statements Regarding Activities (for 2012)
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 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?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 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$5,199,556
Net value of noncharitable-use assets$3,872,740
Minimum investment return$193,637
Distributable Amount (for 2012)
Distributable amount$191,554
Undistributed Income (for 2012)
Distributable amount for 2012$191,554
Undistributed income for 2012. This amount must be distributed in 2013$191,554
Private Operating Foundations (for 2012)
2012201120102009Total
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1David And June Trone Family Foundation11325 Seven Locks Rd Ste 214, Potomac, MD 20854-3205MD2011-11$8,257,224
2The@anne Lindsey Otenasek Charitable Foundation Inc405 E Joppa Rd Ste 200, Baltimore, MD 21286-5467MD2004-08$4,771,975
3Olive Tree Charitable Foundation Inc5009 Honeygo Center Dr Ste 200, Perry Hall, MD 21128-9842MD2013-03$4,600,140
4Roz And Marvin H Weiner Family Foundation IncPO BOX 487, Owings Mills, MD 21117-0487MD2009-02$3,666,938
5Rhonas Place Foundation22 West Pennsylvania Avenue No 606, Towson, MD 21204-5005MD2011-08$3,057,472
6Wright Family Foundation, Wright Vernon H C Ttee14626 Thornton Mill Rd, Sparks, MD 21152-9633MD2000-12$3,055,556
7The Ceres Foundation Inc 43j-74d5418606 Reliant Dr, Gaithersburg, MD 20879-5422MD2002-05$2,913,225
8The Dorney-Koppel Family Charitable Foundation Inc10701 Ardnave Pl, Potomac, MD 20854-1261MD2000-05$2,017,780
9William P And Amanda C Madar Foundation24242 Drayton Landing Dr, Worton, MD 21678-1335MD1999-12$1,782,507
10Maurice I Long Jr Family Foundation IncPO BOX 323, Hughesville, MD 20637-0323MD2008-08$1,569,793
11Witt-Hoey Foundation Inc4215 Greenway, Baltimore, MD 21218-1135MD1999-04$1,539,282
12Veverka Family Foundation Inc5605 Lamar Rd, Bethesda, MD 20816-1349MD2005-03$1,383,023
13Payne Family Foundation100 Light St, Baltimore, MD 21202-1036MD2011-09$1,284,462
14Daniel Lynch Foundation Inc9515 Saint Andrews Way, Silver Spring, MD 20901-3261MD2012-09$1,060,390
15Stablein Family Foundation Inc9509 Watts Branch Dr, Rockville, MD 20850-3753MD2013-02$1,000,000
16Herman & Walter Samuelson Foundation Inc409 Washington Ave Ste 900, Towson, MD 21204-4906MD2011-09$953,009
17Shrensky Foundation Inc10708 Balantre Ln, Potomac, MD 20854-1317MD2001-02$939,204
18The Stewart And Marlene Greenebaum Family Foundation Inc1829 Reisterstown Rd Ste 410, Baltimore, MD 21208-7107MD1998-12$845,303
19The Hillside Foundation, Holt Allan M11005 Cripplegate Rd, Potomac, MD 20854-1630MD2006-11$771,525
20Waldorf Lions Foundation IncPO BOX 531, Waldorf, MD 20604-0531MD1994-10$750,246
Number of organizations performing similar types of work
Alaska25
Alabama192
Arkansas70
Arizona288
California2,416
Colorado378
Connecticut382
District of Columbia106
Delaware539
Florida1,396
Georgia456
Hawaii80
Iowa165
Idaho53
Illinois1,024
Indiana284
Kansas148
Kentucky156
Louisiana146
Massachusetts669
Maryland401
Maine82
Michigan596
Minnesota362
Missouri307
Mississippi62
Montana62
North Carolina519
North Dakota20
Nebraska159
New Hampshire72
New Jersey843
New Mexico87
Nevada190
New York2,482
Ohio691
Oklahoma217
Oregon198
Pennsylvania1,160
Rhode Island172
South Carolina161
South Dakota27
Tennessee240
Texas1,146
Utah259
Virginia453
Vermont52
Washington359
Wisconsin355
West Virginia66
Wyoming57
International34
Total20,864

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