Ruth And Hal Launders Charitable Tr in Herndon, Virginia (VA)

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Ruth And Hal Launders Charitable Tr
Employer Identification Number (EIN)020703907
Name of OrganizationRuth And Hal Launders Charitable Tr
In Care of NameJeffery J Fairfield
Address459 Herndon Pkwy Box 546 Ste 14, Herndon, VA 20170-6222
SubsectionCharitable Organization
Ruling Date02/2009
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period04/2014
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$37,596,121
Amount of Income$7,610,650
Form 990 Revenue Amount$1,325,950
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2014: $7,610,650 (it was $11,290,092 in 2013)
This organization: 

 $7,610,650
Other organizations performing similar types of work: 

 $103,138

Assets in 2014: $37,596,121 (it was $37,757,263 in 2013)
This organization: 

 $37,596,121
Other organizations performing similar types of work: 

 $338,623

Expenses in 2012: $1,654,658
Ruth And Hal Launders Charitable Tr: 

 $1,654,658
Other organizations performing similar types of work: 

 $46,867

Income to expenses ratio in 2012: 4.6
Ruth And Hal Launders Charitable Tr: 

 4.6
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 79.6%

Financial snapshot ($)

Revenue for 2012

Expenses 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$1,325,950$1,325,950$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$98,866
Dividends and interest from securities$398,527
Gross rents$0
Gross profit from sales of goods$0
Other income$2,448
Other$826,109
Total expenses and disbursements$1,654,658$670,207$0$984,452
Compensation of officers, directors, trustees, etc.$163,000
Total operating and administrative expenses$766,374$670,207$96,168
Contributions, gifts, grants paid$888,284
Excess of revenue over expenses and disbursements$-328,708
Net investment income$655,743
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$38,526,380$31,707,343
Cash - non-interest-bearing$5,626
Investments-U.S. and state government obligations$1,624,719
Investments-corporate stock$11,390,821
Investments-corporate bonds$171,050
Investments-mortgage loans$0
Investments-other$6,849,456
Other$18,484,708
Total liabilities$0
Total liabilities and net assets/fund balances$38,526,380
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$826,109
Net capital loss$0
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$13,115
Total credits and payments$13,500
2012 estimated tax payments and 2011 overpayment credited to 2012$13,090
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$410
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$385
Amount to be credited to 2013 estimated tax$385
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?Yes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
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$32,387,961
Net value of noncharitable-use assets$31,902,140
Minimum investment return$1,595,107
Distributable Amount (for 2012)
Distributable amount$1,581,992
Undistributed Income (for 2012)
Distributable amount for 2012$1,581,992
Undistributed income for 2012. This amount must be distributed in 2013$1,395,784
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
1Quantitative Foundation0 Court Sq, Charlottesvle, VA 22902-5144VA2009-09$11,220,691
2Reinhart Foundation7501 Boulder View Dr, Richmond, VA 23225-4062VA2000-09$10,670,995
3Ruth And Hal Launders Charitable Tr459 Herndon Pkwy Box 546 Ste 14, Herndon, VA 20170-6222VA2009-02$7,610,650
4Bella Vista Foundation, Marcia & Marvin Gilliam Jr Fdn16104 Colleton Ct, Bristol, VA 24202-4861VA2010-06$6,804,276
5Windward Foundation999 Waterside Dr, Norfolk, VA 23510-3300VA2013-02$6,729,218
6Honey Foundation2001 Maywill St Ste 100, Richmond, VA 23230-3236VA2011-01$6,392,281
7Sauer-Lewis Foundation204 S Erlwood Ct, Richmond, VA 23229-7665VA2003-10$5,015,795
8The Farkas Family Foundation1720 Browns Gap Tpke, Charlottesvle, VA 22901-6312VA2001-01$4,494,763
9Agena Foundation111 Mann Dr, Chesapeake, VA 23322-5213VA2011-04$3,727,164
10Andrew Peter George Memorial Charitable Trust1048 Carper St, Mc Lean, VA 22101-2105VA2014-09$3,076,982
11William And Karin Banks Foundation Inc2205 Big Lonely Ln, Monterey, VA 24465-2218VA2003-05$2,797,460
12Gottwald FoundationPO BOX 955, Goochland, VA 23063-0955VA2013-02$2,218,885
13Little Family Foundation2325 Dulles Corner Blvd Ste 670, Herndon, VA 20171-4683VA2012-04$2,005,223
14Willowcroft Foundation38906 Mount Gilead Rd, Leesburg, VA 20175-6721VA2009-12$1,973,297
15Keenan Family Foundation1750 Tysons Blvd Fl 12, Mclean, VA 22102-4232VA2012-06$1,936,364
16Mcmunn Family Foundation40936 Spectacular Bid Pl, Leesburg, VA 20176-7198VA2010-03$1,928,867
17T Sherwin Cook Foundation203 Archway Ct Ste B, Lynchburg, VA 24502-3605VA2000-07$1,517,074
18Thorney Point Foundation6677 Richmond Hwy, Alexandria, VA 22306-6647VA2003-02$1,364,529
19Sirad Foundation21570 Schoolhouse Ct, Broadlands, VA 20148-5018VA1999-12$1,230,236
20William A Cooke FoundationPO BOX 462, Louisa, VA 23093-0462VA2001-04$1,215,250
Number of organizations performing similar types of work
Alaska9
Alabama199
Arkansas82
Arizona267
California2,351
Colorado400
Connecticut391
District of Columbia107
Delaware405
Florida1,490
Georgia455
Hawaii86
Iowa147
Idaho73
Illinois1,069
Indiana261
Kansas152
Kentucky147
Louisiana127
Massachusetts713
Maryland422
Maine67
Michigan549
Minnesota327
Missouri308
Mississippi56
Montana59
North Carolina649
North Dakota15
Nebraska126
New Hampshire66
New Jersey849
New Mexico78
Nevada194
New York2,454
Ohio628
Oklahoma223
Oregon179
Pennsylvania935
Rhode Island181
South Carolina141
South Dakota32
Tennessee192
Texas1,225
Utah217
Virginia452
Vermont36
Washington375
Wisconsin334
West Virginia49
Wyoming61
International38
Total20,448

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