Form

990

OMB

Return of Organization Exempt From Income Tax

2006

Under section 501(c), 527, or 4947(aX1) of the Internal Revenue Code

(except black lung benefit trust or private foundation)
Department
of theTreasury
InternalRevenue
Serv,ce
A
B

'
D EmployerldentJficabon
Number

Check1fapplicable

~-=~~
I D

Amended
return

(703)

NI A

Gross receipts: Add Imes 6b, Sb, 9b, and 1Ob to line 12 .,

., [Kl

LJ

H and I are not appltcable to section 527 organizations

Yes
H (a) Is this a groupreturnfor affiliates'
H (b) If 'Yes.'enternumberof affiliates.,
H (c) Areall aff1hates
included'
Oves
(If 'No.'attacha hst See1nstruct1ons
)

5 8, 5 5 2 , 14 8 .

a Contributions to donor advised funds

1a

b Direct public support (not included on line 1a)

1b

c Indirect public support (not included on line 1a)

1c

d Government contributions (grants) (not included on line 1a)

1d

LJ

lxl

52,138,220.

1e

Membership dues and assessments

Interest on savings and temporary cash investments

D1v1dendsand interest from securities

I::I

..

c Net rental income or (loss). Subtract line 6b from line Ga

Other investment income (describe

Sa Gross amount from sales of assets other

than inventory .
b Less: cost or other basis and sales expenses
c Gainor (loss)(attachschedule)

See

L-8

Stmt

3,208.715.
2,898,904.
309,811.

1Oa Gross sa ~ of inventory. less returns

4 2007

r~

allowances

b Less co \;Bl go~lcf

0
c Grossprof1 or oss)from salesof mventoiy(atta~ schedule)Subtractline 1Obfrom line lOa
I

11
12

Sa
Sb
Sc

---

Bd

..0

811.

9c

11oal
10b

-~-

10c

0::

Other re enue ~~N~~n. 1icr~03) Total re ..;::"11.J2 3' 4 5, Ge 7, Sd, 9c, lOc, and 11

12
13

11

13

Program services (from line 44, column (B))

14

Management and general (from line 44, column (C))

14

E
N

15

Fundra1sing (from line 44, column (D))

15

16

Payments to affiliates (attach schedule)

16

17

Total exoenses. Add Imes 16 and 44, column (A)

17

Excess or (def1c1t)for the year. Subtract line 17 from line 12

18

Net assets or fund balances at beginning of year (from line 73, column (A))

19

Other changes in net assets or fund balances (attach explanation)

Net assets or fund balances at end of :tear Combine Imes 18, 19, and 20

20

Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.

309

x
p

A 18
NS 19
ES
TE 20
T
s 21
BAA For

1,780,988.

(B) Other

d Net gain or (loss). Combine line Sc, columns (A) and (B)
9 Special events and act1v1t1es(attach schedule) If any amount 1s from gaming, check here
of contributions
a Gross revenue (not including
$
reported on line 1b)
9al
g expenses
9b
b Less. dm ci exp~.,_._
~.~
1-1 :1-1
c Net mcor ne Or (I S >J IIUIII -'t,,'-C~o.;entS. !:iubtract line 9b from line 9a

l'O't'=..

548,600.
875,361.

6c
)

(A) Securities

52,138,220.

b Less: rental expenses

s
s

D No

..

6a Gross rents

No

H (d) Is thisa separatereturnfiled byan

organization
coveredbya groupruling' nves
No
I
Grouo Exemot1on Number
M
Check
1fthe organization1snot required
to attachScheduleB (Form990,990-EZ,
or 990-PF)

1
855,000.)
51, 2 83, 2 2 0. noncash $
e T:f'~r&tii \"Jls(cash$
2 Program service revenue including government fees and contracts (from Part VII, line 93)

Contributions, gifts, grants, and s1m1laramounts received

LJCash IKJAccrual

n Other(specify)..

I Revenue Exoenses and Chanaes in Net Assets or Fund Balances (See the mstruct,ons.)

I Part I

R
E
v
E
N

535-3563

F ~W:~ng

Organization type
501(c)
3 ... (insertno)
4947(a)(1)or
(check onlv one)
527
Check here.,
1f the organization 1s not a 509(a)(3) supporting organization and its
gross receipts are normally not more than $25,000. A return 1s not required, but 1f the
organization chooses to file a return, be sure to file a complete return.

54-1934032
E Telephonenumber

VA 22313

Alexandria

Applicationpending Section 501(c)(3) organizations and 4947~aX1) nonexempt

charitable trusts must attach a complete Schedule A
(Form 990 or 990-EZ).

G Web site:.,

Open to Public
Inspection

Toe organization may have to use a copy of this return to satisfy state reporting requirements.

, 2006, and endina

For the 2006 calendar vear, or tax vear beainnina
C Nameof organization
Pleaseuse
IRSlabel Donors
Inc
Caoital
Fund
or l!];,nt Numberandstreet(or P O box 1fmail1snotdeliveredto streetaddr) Room/suite
or
e.
Namechange
See
Box 1305
specific P.O.
Initialreturn
instruc
City,townor country
State ZIPcode+4
lions.
Finalreturn

No 1545-0047

21
TEEA0101 01118/07

g-/7~

264.
55,653,244.
19,167,819.
612,541.
28,405.
19,808
765.
35,844,479.
47,047
205.
1,137,644.
84,029,328.
Form 990 (2006)

fltl--

v\

Form 990 2006

Part II

Donors

Ca ital

Fund,

Inc

54-1934032

Pa e 2

Statement of Functional Expenses

All organizations must complete column (A). Columns (8), CC),and CO)are
required for section 501(c)(3) and (4) organizations and section 4947(a)(l J nonexempt charitable trusts but opt1onaffor others.

Do not include amounts reported on /me

6b, Bb, 9b, 1Ob, or 16 of Part I.

22a Grants paid from donor advised

funds (attach sch)
(cash
$ 19,167,819.
0.)
non-cash $
If this amount includes
foreign grants, check here
22 b Othergrantsandallocations
(att sch)
(cash
$
0.)
non-cash $

...D

22a

(A) Total

(B) Program
services

19,167,819.

19,167,819.

(C) Management
and aeneral

(D) Fundra1s1ng

o.

If this amount includes

foreign grants, check here

...D

22b

0.

0.

23 Spec1f1cassistance to md1v1duals
(attach schedule)

23

24 Benefits paid to or for members

(attach schedule)

24

2Sa Compensation of current officers,

directors, key employees, etc listed in
Part V A (attach sch)

25a

0.

0.

0.

0.

25b

0.

0.

0.

0.

25c

0.

0.

0.

0.

26 Salaries and wages of employees not

included on Imes 25a, b, and c

26

0.

0.

0.

0.

27 Pension plan contributions not

included on Imes 25a, b, and c

27

0.

0.

0.

0.

b Compensation of former officers,

directors, key employees, etc listed in
Part V-8 (attach sch)
.
c Compensation
andotherd1stnbut1ons,
not
included
above,
to d1squailfled
persons
(as
andpersons
defmedundersection4958(1)(1))
described
m section
4958(c)(3)(B)
(attachschedule)
...

..

28 Employee benefits not included on

Imes 25a 27
29 Payroll taxes
30 Professional fundra1smgfees
31 Accounting fees
32 Legal fees
33 Supplies
34 Telephone
35 Postage and sh1pp1ng
36 Occupancy
37 Equipment rental and maintenance
38 Printing and publications
39 Travel .
conventions,
andmeetings
40 Conferences,
41 Interest
depletion,
etc(attachschedule)
42 Deprec1at1on,
notcovered
above(1tem1ze).
43 Otherexpenses
a Taxes _______________
b Investment
fees _______
c Admin_services
________
d Reqistration
fees ______
e
f
g ___________________

-------------------------------------

28
29
30
31
32

10,645.
28,405.

0.
0.

10,645.

83,697.
14, 581.
501,883.
1,735.

0.
0.
0.
0.

83,697.
14, 581.
501,883.
1,735.

0.

o.

28,405.

33
34

35
36
37

38
39

..

40

41
42
43a
43b
43c
43d
43e
431
43a

0.
0.
0.
0.

AddImes22a
44 Totalfunctionalexpenses.

throu~h
43g.(Or~amzat1ons
completmj
columns
19,167,819.
28,405 .
19,808,765.
612,541.
CB). D),carrvt esetotalsto Imes1 . 15)
44
Joint Costs. Check .,.~ 1fyou are following SOP 98-2
Are any Joint costs from a combined educational campaign and fundra1sing sohc1tat1onreported in (B) Program
services?
Yes ~ No
$
, (ii) the amount allocated to Program services
If 'Yes,' enter (i) the aggregate amount of these Joint costs
$
, (iii) the amount allocated to Management and general
$
, and (iv) the amount allocated
to Fundra1sm $
Form 990 (2006)
TEEA0102 01/23/07
BAA

.,.0

Form 990 2006

Part Ill

Donors

Ca ital

Fund,

Inc

54-1934032

Page3

Statement of Pro ram Service Aecom lishments

Form 990 1savailable for public inspection and, for some people, serves as the primary or sole source of 1nformat1onabout a particular
organization. How the public perceives an organization in such cases may be determined by the information presented on its return. Therefore,
please make sure the return 1scomplete and accurate and fully describes, 1nPart Ill, the organization's programs and accomplishments
What 1sthe organization's primary exempt purpose'
S!:!,P_port or~
desc in IRC 509 (al ( 1) & 509 (al (2)
All organizations must describe their exempt purpose achievements in a clear and concise manner State the number of
clients servedheublicat1ons issued, etc. Discuss achievements that are not measurable. (Section 501 (c)(3) and (4) organ1zat1onsand 4:1-+7faffl>nonexempt charitable trusts must also enter the amount of orants and allocations to others.)

a See

Statement.L

ProgramServiceExpenses

CRecll'~~~~~:!?,b~
4947(a)(ll trusts, but
opt,onalfor others>

Attached.-----------------------------------

19,182,819.
b _____________________________________________________

----------------------------------------------------n
(Grants and allocations
$
) If this amount includes foreign grants, check here

----------------------------------------------------n
(Grants and allocations
$
) If this amount includes fore1on orants, check here

c _____________________________________________________

e Other program services

) If this amount includes foreign grants, check here ~
(Grants and allocations
$
f Total of Program Service Expenses (should equal line 44, column (8), Program services)

BAA

0
19,182,819.
Form 990 (2006)

TEEA0103

01118/07

Form 990 (2006)

Donors

Caoi tal

Fund,

Inc

I Part IV I Balance Sheets (See the mstructions.)

Note:

lNhere reqwred, attached schedules and amounts w1thm the descnption

column should be for end-of-year amounts only.

45

Cash - non-interest-bearing
Savings and temporary cash investments

46

47 a Accounts receivable
b Less: allowance for doubtful accounts

47a
47b

48a Pledges receivable

b Less: allowance for doubtful accounts
49 Grants receivable

48a
48b

50 a Receivables from current and former officers, directors, trustees, and key
employees (attach schedule)

b Receivables from other d1squal1f1ed

persons (as defined under section 4958(f)(l))
a :~~e;:~e:s

:neds~~::: ::c:~:~::

4958(c)(3)(8) (attachl sc haedl

ule)

51
(attach schedule)
b Less: allowance for doubtful accounts

52
53
54a
b

Inventories for sale or use

Prepaid expenses and deferred charges
L-54a
Investments - publicly-traded securities
Investments - other securities (attach sch)

.___.,_________

D Cost

Stmt.,.
.,.

DCost

-+---------+-=-=-=+-------~FMV
0FMV

55a Investments - land, buildings, & equipment: basis

I 55al

b Less: accumulated deprec1at1on

(attach schedule) .
56 Investments - other (attach schedule)
57a Land, buildings, and equipment: basis

~5_5_b~---------,,-----------,~~-------L-56
Strnt

b Less. accumulated deprec1at1on

(attach schedule)
58 Other assets, including program-related investments
(describe
______________________________

L
I
A
B
I
L
I
T
I

. 51 .
,__5_1_b
_________

59
60
61
62

IS11

--

57c

57b

)
47,195,499.
66 686.

Total assets <must eaual line 74). Add Imes 45 through 58

Accounts payable and accrued expenses
Grants payable
Deferred revenue

Loans from officers, directors, trustees, and key

employees (attach schedule)
64a Tax-exempt bond liab11it1es
(attach schedule)
b Mortgages
andothernotespayable
(attachschedule)
E
s 65 Other liab11it1es(describe
Due to Donors
Trust,
Inc. ____
)
66 Total liabilities. Add Imes 60 throuah 65
~ and complete Imes 67
Organizations that follow SFAS 117, check here
through 69 and lines 73 and 74.
67 Unrestricted
68 Temporarily restricted
5 69 Permanently restricted
and complete lines
2 Organizations that do not follow SFAS 117, check here
70 through 74
~ 70 Capital stock, trust principal, or current funds
D 71 Paid-in or capital surplus, or land, bu1ld1ng,and equipment fund
B
Retained earnings, endowment, accumulated income, or other funds
72
c 73 Total net assets or fund balances. Add Imes 67 through 69 or Imes 70 through
~
72 (Column (A) must equal line 19 and column (8) must equal line 21)
74 Total liabilities and net assets/fund balances. Add Imes 66 and 73

--

63

81,608.
148,294.

58
59
60
61
62

84,191,586.
77,178.

63
64a
64b
65
66

85,080.
162,258.

----

47,047,205.

67
68
69
--

84,029,328.

70
71
72

47,047.205.
47,195,499.

--

73
74

84,029.328.
84,191,586.
Form 990 (2006)

BAA
TEEA0104

01/18107

Form990 2006

Donors

Ca ital

Fund,

Inc

54-1934032

Pages

Part IV-A Reconciliation of Revenue per Audited Financial Statements with Revenue per Return (See the
instructions.)
a
b

Total revenue, gains, and other support per audited financial statements
Amounts included on line a but not on Part I, line 12.
1 Net unrealized gains on investments
2Donated services and use of facilities
3Recovenes of prior year grants
40ther (specify):

b1
b2
b3

-------------------------------

Subtract line b from line a .

Amounts included on Part I, line 12, but not on line a:
1 Investment expenses not included on Part I, line 6b
20ther (specify):

b
c

1,152,644.
55,653,244.

1,152,644.

d1

--------------------------------------------------------------------Add lines dl and d2

56,805,888.

b4

--------------------------------------Add Imes bl through b4

c
d

d2
d

... e

Total revenue (Part I, line 12) Add lines c and d

55,653,244.

IPart IV-B I Reconciliation of Exoenses oer Audited Financial Statements with Exoenses oer Return
a
b

c
d

Total expenses and losses per audited financial statements

Amounts included on line a but not on Part I, line 17.
1 Donated services and use of fac1l1t1es
2Pnor year adJustments reported on Part I, line 20
3Losses reported on Part I, line 20
______________
after
40ther (specify): Grant_rescinded
audit_
completed
___________________________

a
b1
b2
b3
b4

Add Imes bl through b4

Subtract line b from line a
Amounts included on Part I, line 17, but not on line a:
1 Investment expenses not included on Part I, line 6b
20ther (specify):

15,000.

b
c

15,000.
19,808,765.

dl

--------------------------------------------------------------------Add Imes dl and d2

19,823,765.

d2

... e

Total expenses (Part I, line 17). Add Imes c and d

19,808,765.

I Part V-A I Current Officers, Directors, Trustees, and Key Employees

(List each person who was an officer, director, trustee,

or key employee at any time during the year even 1fthey were not compensated.) (See the mstruct,ons)

(A) Name and address

James_S
c/o
the

Wachs ----------Organization

(B) Title and average hours

per week devoted
to pos1t1on

(C) Compensation
(if not paid,
enter -0-)

(D) Contributions to
employee benefit
plans and deferred
compensation plans

(E) Expense
account and other
allowances

______
2.5

0.

0.

0.

Pres.

2.5

0.

0.

0.

Sec. /Treas.

20

0.

0.

0.

President
Bruce
H Jacobs ___________
c/o
the Organization
______
Vice
Whitney

L Ball

c/o

Organization

the

___________
______

ChristQPher
DeMuth ________
c/o
the Organization
______
Steven
c/o

the

Hayward

Board

Member

2.5

0.

0.

0.

Board

Member

2.5

0.

0.

0.

___________

Organization

______

See List of Officers, Etc Statement _____

---------------------BAA

TEEA0105

01118/07

Form 990 (2006)

Form 990 (2006)

Donors

Caoital

Fund,

Inc

54-1934032

Page 6

I Part V-A I Current Officers. Directors. Trustees and Kev Emolovees (continued)
75 a Enterthetotal numberof officers,directors,andtrusteespermittedto voteon organization
businessas boardmeetings

Yes

No

.....9

-----------

b Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees
listed 1nSchedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule
A, Part II-A or 11-8, related to each other through family or business relat1onsh1ps? If 'Yes,' attach a statement that
1dent1f1es
the 1nd1v1dualsand explains the relat1onsh1p(s)
c Do any officers, directors, trustees, or key employees listed in form 990, Part V-A, or highest compensated employees
listed 1nSchedule A, Part I, or highest compensated professional and other independent contractors listed 1nSchedule
A, Part II-A or 11-8, receive compensation from any other organizations, whether tax exempt or taxable, that are related
to the organization? See the instructions for the def1nit1onof 'related organization'
If 'Yes,' attach a statement that includes the information described in the instructions
d Does the organization have a written conflict of interest ool1cv'

75b

- -

75c
-

75d

IPart V-B I Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other
Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below)
during the year, fist that person below and enter the amount of compensation or other benefits 1nthe appropriate column See
the instructions.)
(C) Compensation
(D) Contributions to
(E) Expense
(B) Loans and
(1f not paid,
employee benefit
account and other
(A) Name and address
Advances
enter -0-)
plans and deferred
allowances
compensation plans

NONE
-------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------I Part VI IOther Information (See the instructions.)

76

77

Yes

Did the organization make a change in its act1v1t1esor methods of conducting activ1t1es?
If 'Yes,' attach a detailed statement of each change
Were any changes made in the organizing or governing documents but not reported to the IRS'

----- - -

77

b If 'Yes,' has 1tfiled a tax return on Form 990-T for this year'

Donors

Trust,

Inc.

------------------~-------o
and check whether 1t 1s

81 a Enter direct and indirect political expenditures. (See line 81 instructions)

78a
78b

--

- --

x
x

-1

x I

79

SOa Is the organization related (other than by assoc1at1onwith a statewide or nat1onw1deorganization) through common
membership, governing bodies, trustees, officers, etc, to any other exempt or nonexempt organization?
~

---

- ~-

Was there a l1qu1dat1on,d1ssolut1on,termination, or substantial contraction during the

year' If 'Yes,' attach a statement

b If 'Yes,' enter the name of the organization

x1
x

76

If 'Yes,' attach a conformed copy of the changes.

78a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return'

79

No

X exempt or

I 81 al

-----

SOa

-- -

-----

nonexempt.
-

x I

81b
Form 990 (2006)

b Did the or2anizat1on file Form 1120-POL for this lear?

BAA

TEEA0106 01118/07

Form 990 (2006)

Donors

Caoi tal

I Part VI I Other lnfonnation

Fund,

Inc

54-1934032

(continued)

Yes

82 a Did the organization receive donated services or the use of materials, equipment, or fac1l1tiesat no charge or at
substantially less than fair rental value'

82a

b If 'Yes,' you may indicate the value of these items here Do not include this amount as
revenue in Part I or as an expense in Part II (See instructions in Part Ill)
83a Did the organization comply with the public inspection requirements for returns and exemption applications'
b Did the organization comply with the disclosure requirements relating to qu,d pro quo contributions?
84a Did the organization solicit any contributions or gifts that were not tax deductible'

83a
83b
84a

b If 'Yes,' did the orciarnzat1oninclude with every solic1tat1onan express statement that such contributions or gifts were
not tax deductible?
.
.
.
85 501(c)(4), (5), or (6) organizations. a Were substantially all dues nondeductible by members'
b Did the organization make only in-house lobbying expenditures of $2,000 or less'

84b
85a
85b

Page7
No

x
x
NI.;

x
NI\
NI \

If 'Yes' was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a
waiver for proxy tax owed for the prior year.
1--8S_c1---------~---1
NIA
1--SS_d+-------......::..:..:....:-"I
NIA
1--SS_e+--------~--1
NIA
,__85_f
'-------......::..:.:...:-"I NIA

c Dues, assessments, and s1m1laramounts from members

d Section 162(e) lobbying and political expenditures
e Aggregate nondeductible amount of section 6033(e)(l)(A) dues notices
f Taxable amount of lobbying and pol1t1calexpenditures (line 85d less 85e)
g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f?

--

h If section6033(eX1XA)
duesnoticesweresen~doestheorgamzat1on
agreeto addtheamountonline851to its reasonable
estimate
of
duesallocable
to nondeductible
lobbying
andpoliticalexpenditures
for thefollowingtaxyear?
86 501(c)(7) organizations Enter: a lrnt1at1onfees and capital contributions included on

85a

NI.;

85h

NI\

88a

88b

NIA
1--86_a+-------......::..:..:....:-"I
NIA
1--86_b1---------~---1
i--8_7_a-t---------=..;.~
NIA

line 12
b Gross receipts, included on line 12, for public use of club fac11it1es
87 501(c)(12) organizations. Enter a Gross income from members or shareholders
b Gross income from other sources. (Do not net amounts due or paid to other sources
against amounts due or received from them )

NIA

,__8_7_b"--------=..;.~

88 a At any time during the year, did the organization own a 50% or greater interest 1na taxable corporation or partnership,
or an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?
If 'Yes,' complete Part IX
b At any time during the year, did the orgarnzat1on, directly or indirectly, own a controlled entity within the meaning of
section 512(b)(l3)' If 'Yes,' complete Part XI
89a 501(c)(3) organizations. Enter: Amount of tax imposed on the organization during the year under:
, section 4955 ....
__________
_ _ _ _ _ _ _ _ _ _ _ , section 4912 ....
section 4911 ....

b 501(c)(3) and 501(c)(4) organizations Did the organization engage in any section 4958 excess benefit transaction
during the year or did 1t become aware of an excess benefit transaction from a prior year' If 'Yes,' attach a statement
explaining each transaction
c Enter: Amount of tax imposed on the organization managers or d1squal1f1ed
persons during the
year under sections 4912, 4955, and 4958
.
d Enter Amount of tax on line 89c, above, reimbursed by the organization
e All organizations. At any time during the tax year, was the organization a party to a proh1b1tedtax shelter transaction?
f A// organizations. Did the organization acquire a direct or indirect interest in any applicable insurance contract'

- -

89b

0.
0.

89e
89f

x
x

g For supporting organizations and sponsoring organizations maintaining donor advised funds Did the supporting
- orgarnzat1on, or a fund maintained by a sponsoring organization, have excess business holdings at any time during
89g
the year'
90a List the states with which a copy of this return 1sfiled .... CT, FL, IL,
NY, TX, VA, WA__________________

x
_

b Number of employees employed in the pay period that includes March 12, 2006
9obl
(See instructions )
(703 )_535-3563
_____
91 a The books are in care of .... the Organization
_ _ _ _ _ _ _ _ _ _ Telephone number ....
Located
at .... See _page 1 __________________________________
_ ZIP+ 4 .... 22313

o
_

------------

b At any time during the calendar year, did the organization have an interest in or a signature or other authority over a
f1nanc1alaccount 1na foreign country (such as a bank account, securities account, or other f1nanc1alaccount)?
If 'Yes,' enter the name of the foreign country Bermuda _____________________________

Yes
91b

No

See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and
Financial Accounts.

BAA

Form 990 (2006)

TEEA0107

-----------

01/18/07

--

---

Form 990 2006

Donors

Ca

ital

Fund,

54-1934032

Inc

Page 8

Part VI Other Information (continued)

Yes

No

91 c

c At any time during the calendar year, did the organization maintain an office outside of the United States'
If 'Yes,' enter the name of the foreign country ~

92

Section 4947(a)(I) nonexempt chantable trusts f1lmgForm 990 m lieu of Form 7047- Check here
~

and enter the amount of tax-exempt interest received or accrued during the tax year

I Part VII IAnalvsis of lncome-Producina Activities

(See the instructions.)

(B)
Amount

(A)
Businesscode

Excluded by section 512, 513, or 514

Unrelated business income

Note: Enter gross amounts unless

otherwise md1cated.

92

(C)

(D)

Exclusioncode

Amount

(E)
Related or exempt
function income

93 Program service revenue

a
b

c
d
e
f Med1care/Med1ca1dpayments
g Fees& contractsfrom government
agencies

94 Membership dues and assessments

95 Intereston savings& temporarycashinvmnts
96 D1v1dends& interest from securities

14
14

548,600.
875, 361.

97 Netrentalincomeor (loss) from real estate:

a debt-financed property
b not debt-financed property

98 Net rentalincomeor (loss) from persprop

182,836.

900000

Other investment income

99

14

100 Gain or (loss) from sales of assets

1,598,152.

18

other than inventory

309,811.

101 Netincomeor (loss)from specialevents

102 Gross profit or (loss) from sales of inventory
103 Other revenue: a
b Funds

from

secs

lit.

01

settlement

264.

c
d
e

182,836.
104 Subtotal(add columns(B), (0), and(E))
105 Total (add line 104, columns (8), (D), and (E))
Note: Lme 105 ous
I Ime 1e, Part I, SOU
h Id eauaI the amoun on me 12 Part I
'

3,332,188.
~

3,515,024.

I Part VIII Relationship of Activities to the Accomplishment of Exempt Purposes (See the instructions.)
Line No.

...

Explain how each act1v1tyfor which income 1s reported 1n column (E) of Part VII contributed importantly to the accomplishment
of the organization's exempt purposes (other than by providing funds for such purposes) .
N/A

I Part IX Information Reaardina Taxable Subsidiaries and Disreaarded Entities

(A)

(B)

Name, address, and EIN of corporation,

partnership, or disregarded entity

Percentage
of
ownershipinterest

100.0000

DCF

LLC

the

Oraanization's

uses

the

Organization's

address
EIN

(See the instructions.)

(C)
Nature of act1v1t1es

% Investment
%
%

in

(D)

(E)

Total
income

End-of-year
assets

0.

land

855,000.

I PartX

Information Reaardina Transfers Associated with Personal Benefit Contracts (See the instructions.

a Didthe orgarnzat1on,
duringtheyear,receiveanyfunds,directlyor indirectly,to paypremiumson a personalbenefitcontract?
b Did the organization, during the year, pay premiums, directly or 1nd1rectly, on a personal benefit contract'

~Yes
Yes

No
No

Note: If 'Yes' to (b}, file Form 8870 and Form 4720 (see mstruct,ons).

BAA

TEEAOl08 04/04/07

Farm 990 (2006)

Form 990 2006 Donors

Part XI

Ca ital

Fund,

Inc

54-1934032

Pa e 9

lnfonnation Regarding Transfers To and From Controlled Entities. Complete only ,t the
organization ,s a control/mg organization as defined in section 512(b)(13).
Yes

106

Did the reporting organization make any transfers to a controlled entity as defined in section 512(b)(13) of the Code' If
'Yes,' com lete the schedule below for each controlled ent1
(A)
Name, address, of each
controlled entity

(B)

Employer Identification
Number

(C)
Descnption of
transfer

No

x
(D)

Amount of transfer

c
Totals
Yes
107

Did the reporting organization receive any transfers from a controlled entity as defined in section 512(b)(l3) of the Code' If
'Yes,' com lete the schedule below for each controlled enti
(A)
Name, address, of each
controlled entity

(B)

Employer Identification
Number

(C)
Description of
transfer

No

x
(D)

Amount of transfer

c
Totals
Yes
108

Did the organization have a binding written contract 1neffect on August 17, 2006, covering the interest, rents, royalties, and
annu1t1esdescribed in ues ion 107 above?
.

Please
Sign
Here

Paid
Precarer's
se
Only
BAA

Preparer's
signature

No

NI

Date

Check ,t
self
employed

Firm's name (or

yours rt self
emJ,'oyed).
ad ress. and
ZIP+4

LLC
EIN

VA 22201-2514

._

Phone no

.,

Form 990 (2006)

TEEAO 110 01119/07

SCHEDULE A

(Form 990 or 990-EZ)

Department of the Treasury

Internal Revenue Service

OMB No 1545-0047

Organization Exempt Under

Section 501(c)(3)
(Except Private Foundation) and Section SOl(e), SOl(f), SOl(k),
501(n), or 4947(a)(1) Nonexempt Charitable Trust
Supplementary Information - (See separate instructions.)
... MUST be completed by the above organizations and attached to their Form 990 or 990-EZ.

Name of the organization

Donors
Part I

2006

Employer identification number

Ca ital
Fund, Inc
54-1934032
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees
(See 1nstruct1ons.List each one. If there are none, enter 'None.')
(b) Title and average
hours per week
devoted to pos1t1on

(a) Name and address of each

employee paid more
than $50,000

(c) Compensation

(d) Contnbut1ons
(e) Expense
to employee
benefit account and other
plansanddeferred
allowances
compensation

NONE ______________________

---------------------------------------------------

--------------------------------------------------Total number of other employees paid

over $50,000

IPart 11-

....

None
A I Compensation of the Five Highest Paid Independent Contractors for Professional Services
(See 1nstruct1ons.List each one (whether 1nd1v1dualsor firms). If there are none, enter 'None.')

(a) Name and address of each independent contractor paid more than $50,000

(b) Type of service

(c) Compensation

NONE _____________________________________

----------------------------------------------------------------------------------------------------------------------------------------------------------------Total number of others receiving over

$50,000 for orofess1onal services

None

... 1

I Part II - B I Compensation of the Five Highest Paid Independent Contractors for Other Services
(List each contractor who performed services other than professional services, whether 1nd1v1dualsor
firms. If there are none, enter 'None.' See instructions.)
(a) Name and address of each independent contractor paid more than $50,000

Donors Trust,_ Inc . ___________________________

VA 22314
109 N Henrv St, Alexandria,

(b) Type of service

Administration

(c) Compensation

501,883.

----------------------------------------------------------------------------------------------------------------------------------------------------------------Total number of other contractors rece1v1ng

over $50,000 for other services

~I

None

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990 and Form 990-EZ.
TEEA0401

01119/07

Schedule A (Form 990 or 990-EZ) 2006

Schedule A (Form 990 or 990-EZ) 2006

IPart Ill

I Statements

Donors

Caoi tal

Fund,

Inc

54-1934032

Page2

About Activities (See instructions.)

Yes

1 During the year, has the organization attempted to influence national, state, or local leg1slat1on,including any attempt
to influence public opinion on a leg1slat1vematter or referendum? If 'Yes,' enter the total expenses paid
or incurred in connection with the lobbying act1v1t1es
... $_________________
_
(Must equal amounts on line 38, Part VI-A, or line i of Part Vl-8.)

No

Organizations that made an election under section 501 (h) by filing Form 5768 must complete Part VI-A Other
organizations checking 'Yes' must complete Part Vl-8 AND attach a statement giving a detailed description of the
lobbying act1v1t1es
During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any
substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any
taxable organization with which any such person 1s affiliated as an officer, director, trustee, maiority owner, or principal
benef1c1ary?(If the answer to any question is 'Yes,' attach a detailed statement exp/ammg the transactions.)

a Sale, exchange, or leasing of property?

2a

b Lending of money or other extension of credit?

2b

c Furnishing of goods, services, or fac1l1t1es?

2c

d Payment of compensation (or payment or reimbursement of expenses 1fmore than $1,000)?

2d

e Transfer of any part of its income or assets?

2e

3a

b Did the organization have a section 403(b) annuity plan for its employees?

3b

c Did the organization receive or hold an easement for conservation purposes, including easements
to preserve open space, the environment, historic land areas or historic structures? If
'Yes,' attach a detailed statement

3c

d Did the organization provide credit counseling, debt management, credit repair, or debt negot1at1onservices?

3d

3a Did the organization make grants for scholarships, fellowships, student loans, etc? (If 'Yes,' attach an
explanation of how the organization determines that rec1p1entsqualify to receive payments )

4a Did the organization ma1nta1nany donor advised funds? If 'Yes,' complete lines 4b through 4g If 'No,' complete lines
4f and 4g

4a

b Did the organization make any taxable d1stribut1onsunder section 4966?

Did the organization make a d1stribut1onto a donor, donor advisor, or related person?

4b

4c

d Enter the total number of donor advised funds owned at the end of the tax year

...

e Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year

...__

f Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised
funds included on line 4d) where donors have the right to provide advice on the d1stribut1onor investment of
amounts in such funds or accounts

...

g Enter the aggregate value of assets held in all funds or accounts included on line 4f at the end of the tax year

...________

BAA

TEEA0402

04/04/07

11

""'8""'3""",-'9'-9'-'-3_.,-'3'-5

---------

O_.

Schedule A (Form 990 or Form 990-EZ) 2006

Schedule A (Form 990 or 990-EZ) 2006

Donors

Capital

IPart IV l Reason for Non-Private Foundation

Fund,

Inc

54-1934032

Page 3

Status (See instructions.)

I certify that the organization 1snot a private foundation because 1t1s: (Please check only ONE applicable box )

0 A church, convention of churches, or assoc1at1onof churches Section 170(b)(l )(A)(1).

0 A school. Section 170(b)(l)(A)(11). (Also complete Part V.)
0 A hospital or a cooperative hospital service organization Section 170(b)(l )(A)(111).
0 A federal, state, or local government or governmental unit. Section 170(b)(l)(A)(v)

0 A medical research organization operated in con1unct1onwith a hospital

5
6
7

Section 170(b)(l )(A)(111).Enter the hospital's name, city,

and state
10

11 a

O An organization that normally receives a substantial part of its support from a governmental unit or from the general public

An organization operated for the benefit of a college or university owned or operated by a governmental unit Section 170(b)(l )(A)(1v)
(Also complete the Support Schedule in Part IV-A.)

Section 170(b)(l )(A)(v1). (Also complete the Support Schedule in Part IV-A.)

11 b

O A community trust

12

0 An
organization that normally receives: (1) more than 33-1/3% of its support from contributions, membership fees, and gross receipts
from act1v1t1es
related to its charitable, etc, functions - subJect to certain exceptions, and (2) no more than 33-1/3% of its support

Section 170(b)(l)(A)(v1). (Also complete the Support Schedule in Part IV-A)

from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the
organization after June 30, 1975. See section 509(a)(2). (Also complete the Support Schedule in Part IV-A)
13

An organization that 1snot controlled by any d1squahf1edpersons (other than foundation managers) and otherwise meets the
requirements of section 509(a)(3) Check the box that describes the type of supporting organization:

~ Type I

O Type II

(a)
Name(s) of supported
organization(s)

See Grantee

Schedule,

Type Ill-Functionally Integrated

Type Ill-Other
Provide the following information about the supported organizations. (See instructions.)
(b)
Employer identification
number (EIN)

(c)
Type of
organization (described
in lines 5 through 12
above or IRC section)

(d)
Is the supported
organization listed in
the supporting
orgamza~ion's
governing
documents?
Yes
No

Attached

....

Total
14

(e)
Amount of
support

An organization organized and operated to test for public safety. Section 509(a)(4) (See 1nstruct1ons)

BAA

Schedule A (Form 990 or 990-EZ) 2006

TEEA0407

01/22107

ScheduleA

Form990or990-

2006

Donors

Part IV-A Support Schedule (Complete

Ca ital

Fund,

Inc

54-1934032

Page4

N/A

only 1fyou checked a box on hne 10, 11, or 12.) Use cash method of accounting.

Note: You may use the worksheet m the instructions for convertma from the accrual to the cash method of accountma
Calendar year (or fiscal year
beginning in)
15 Gifts, grants, and contributions
received. (Do not include
unusual grants See hne 28 )

....

16

Membership fees received

17

18

Grossreceiptsfrom adm1ss1ons,
merchandise
soldor servicesperformed,
in anyact1v1ty
or furnishingof fac1ht1es
that 1srelatedto the organizatJon's
..
charitable,etc,ouroose
Grossincomefrom interest d1v1dends,
amountsreceivedfrom payments
on
securitiesloans(section512(a)(5)),
rents,royalties,andunrelatedbusiness
taxableincome(lesssection511taxes)
from businesses
acquiredby the organ1zat1on
afterJune30, 1975

19

Netincomefrom unrelatedbusiness
act1v1ties
not includedin line 18

20

Tax revenues levied for the

organization's benefit and
either paid to 1t or expended
on its behalf
The value of services or
fac1ht1esfurnished to the
organization by a governmental
unit without charge Do not
include the value of services or
fac1ht1esgenerally furnished to
the oubl1c without charae
Other income Attach a
schedule Do not include
gain or (loss) from sale of
capital assets

21

22

2baJ5

2bcJ3

2bi

(e)
Total

2b<IJ2

23 Total of Imes 15 throuoh 22

24

Line 23 minus line 17

25 Enter 1% of hne 23
26

a Enter 2% of amount m column (e), line 24

Organizations described on lines 10 or 11:
unit or publicly
b Preparea hst for your recordsto showthe nameof andamountcontributedby eachperson(otherthana governmental
supportedorganization)
whosetotal gifts for 2002through2005exceeded
the amountshownin line26a Do not file this list with your
return. Enterthetotal of all theseexcessamounts

.,. 26a

c Total support for section 509(a)(l) test: Enter line 24, column (e)
18
d Add Amounts from column (e) for Imes:

.... 26c
19
26b

22

----

.... 26b

....--26d

---

---

- ---

--

--

--

--

....26e
e Public support (hne 26c minus hne 26d total)
.... 26f
f Public suooort percentaae Cline 26e (numerator) divided bv line 26c (denominator))
%
27 Organizations described on line 12:
a For amounts included in lines 15, 16, and 17 that were received from a 'd1squahf1edperson,' prepare a ltst for your records to show the
name of, and total amounts received m each year from, each 'd1squal1f1edperson.' Do not file this list with your return. Enter the sum of
such amounts for each year:
(2005) ____________
(2004) ____________
(2003) ____________
(2002) ____________
_
bFor any amount included 1n line 17 that was received from each person (other than 'd1squahf1edpersons'), prepare a list for your records
to show the name of, and amount received for each year, that was more than the larQer of (1) the amount on line 25 for the year or (2)
$5,000. (Include m the hst organizations described m Imes 5 through 11b, as well as 1nd1v1duals) Do not file this list with your return.
After computing the difference between the amount received and the larger amount described m (1) or (2), enter the sum of these
differences (the excess amounts) for each year
(2005) _ _ _ _ _ _ _ _ _ _ _ _ (2004) ____________
(2003) ____________
(2002) ____________
_
c Add Amounts from column (e) for Imes:
17

15

16

20

21

e Public support (line 27c total minus line 27d total)

f Total support for section 509(a)(2) test: Enter amount from line 23, column (e)

28

.... 27c
.,. 27d

and hne 27b total

d Add. Line 27a total

....__2_7_f
_.__
______

...i--.:::2.:..7.=:.e+-------__,

g Public support percentage (line 27e (numerator) divided by line 27f (denominator))

.,. 27

h Investment income

.,. 27h

ercenta e ine 18, column

e numerator

divided b line 27f denominator

Unusual Grants: For an organization described m hne 10, 11, or 12 that received any unusual grants during 2002 through 2005, prepare a
list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the
nature of the grant Do not file this list with your return. Do not include these grants m hne 15.
TEEA0403 01119101
Schedule A (Form 990 or 990-EZ) 2006
BAA

Schedule A Form 990 or 990

Part V
~--~

2006 Donors

Ca ital

Fund,

Inc

54-1934032

Private School Questionnaire (See instructions.)

(To be completed ONLY by schools that checked the box on line 6 in Part IV)

Page 5
NI A

Yes

29 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
30

31

other governing instrument, or in a resolution of its governing body'

29

Does the organization include a statement of its racially nondiscriminatory policy toward students 1nall its brochures,
catalogues, and other written communications with the public dealing with student adm1ss1ons,programs,
and scholarships'

30

Has the organization publicized its racial~ nondiscriminatory policy through newspafier or broadcast media during
the period of solic1tat1onfor students, or uring the reg1strat1onperiod 1f 1thas no so 1c1tat1onprogram, in a way that
makes the policy known to all parts of the general community 1tserves?

31

No

If 'Yes,' please describe, 1f 'No,' please explain. (If you need more space, attach a separate statement )

------------------------------------------------------------------------------------------------------------------------------------------------------------------------32

---------------------------------------------------------

Does the organization maintain the following:

a Records indicating the racial compos1t1onof the student body, faculty, and admin1strat1vestaff'

32a

b Records documenting that scholarships and other f1nanc1alassistance are awarded on a racially
nondiscriminatory basis?

32b

c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student adm1ss1ons,programs, and scholarships?
d Copies of all material used by the organization or on its behalf to solicit contributions?

32c
32d

If you answered 'No' to any of the above, please explain. (If you need more space, attach a separate statement.)

-----------------------------------------------------------------------------------------------------------------33 Does the organization discriminate by race in any way with respect to.
-

a Students' rights or privileges?

33a

b Adm1ss1onspol1c1es?

33b

c Employment of faculty or admin1strat1vestaff?

33c

d Scholarships or other financial assistance?

33d

e Educational policies?

33e

f Use of fac11it1es?

33f

g Athletic programs?

33a

h Other extracurricular act1v1t1es?

33h

If you answered 'Yes' to any of the above, please explain. (If you need more space, attach a separate statement)

------------------------------------------------------------------------------------------------------------------------------------------------------------------------34a Does the organization receive any financial aid or assistance from a governmental agency?
b Has the organization's right to such aid ever been revoked or suspended?
If you answered 'Yes' to either 34a or b, please explain using an attached statement
35

Does the organization certify that 1t has complied with the aEgi1cable requirements of
sections 4 01 through 4.05 of Rev Proc 75-50, 19752 CB.
7, covering racial
nond1scrim1nat1on?If 'No,' attach an exelanat1on.

BAA

TEEA0404

01119/07

--

--

34a
34b

35
Schedule A (Form 990 or 990-EZ) 2006

Schedule A Form 990 or 990-EZ) 2006

Part VI-A
Check

Donors

Ca

ital

Fund,

54-1934032

Inc

Page 6

Lobbying Expenditures by Electing Public Charities (See instructions)

(To be completed ONLY by an eligible organization that filed Form 5768)

I I 1tthe orcianizat1on belongs

to an affiliated ciroup

Check

N/A

I I 1t vou checked

Limits on Lobbying Expenditures

(The term 'expenditures' means amounts paid or incurred.)

36 Total lobbying expenditures to influence public opinion (grassroots lobbying)

37 Total lobbying expenditures to influence a leg1slat1vebody (direct lobbying)
38 Total lobbying expenditures (add lines 36 and 37)
39 Other exempt purpose expenditures
40 Total exempt purpose expenditures (add lines 38 and 39)
41 Lobbying nontaxable amount. Enter the amount from the following table -

'a' and 'limited control' orov1s1onsaooly

(a)
(b)
Affiliated group
To be completed
totals
for all electing
organizations

36
37
38
39

-t

40

The lobbying nontaxable amount is -

If the amount on line 40 is Not over $500,000

20% of the amount on line 40

$100,000
plus15%of the excessover$500,000-$175,000
plus 10%of the excessover$1,000,000
$225,000
plus5% of the excessover$1,500,000

Over$500,000
but not over$1,000,000
Over$1,000,000
but not over$1,500,000
Over$1,500,000
but not over$17,000,000

______________ _
1--4_1-+----------i--------

Over $17,000,000
$1,000,000
42 Grassroots nontaxable amount (enter 25% of line 41)
43 Subtract line 42 from line 36 Enter -0- 1f line 42 1s more than line 36
44 Subtract line 41 from line 38 Enter -0- 1f line 41 1s more than line 38

__

-------

--

-------

-- __ _

42
43

44

Caution: If there is an amount on either /me 43 or /me 44, vou must file Form 4720

4 -Year Averaging Period Under Section 501(h)

(Some organizations that made a section 501 (h) election do not have to complete all of the five columns below
See the instructions for lines 45 through 50 )
Lobbying Expenditures During 4 -Year Averaging Period
Calendar year
(or fiscal year
beginning in)

45

(a)

(b)

(c)

2006

2005

2004

(d)
2003

(e)
Total

Lobbying nontaxable
amount

46 Lobbyingceilingamount
(150%of line45(e))
47 Total lobbying
expenditures
Grassroots nontaxable amount

48

cellingamount
49 Grassroots
(150%of line48(e))

50 Grassroots lobbying
expenditures

!Part VI-B I Lobbying Activity by Nonelectin

Public Charities

(For reporting only by organizations that ~d not complete Part VI-A) (See 1nstruct1ons)
During the year, did the organization attempt to influence national, state or local leg1slat1on,including any
attempt to influence public opinion on a legislative matter or referendum, through the use of
a Volunteers
b Paid staff or management (Include compensation in expenses reported on lines c through h.)

c Media advertisements
d Mailings to members, legislators, or the public
e Publ1cat1ons,or published or broadcast statements

f Grants to other organizations for lobbying purposes

g Direct contact with legislators, their staffs, government off1c1als,or a legislative body
h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means

Yes

No

x
x
x
x
x
x
x
x

Amount

- ----

i Total lobbying expenditures (add lines c through h.)

BAA

If 'Yes' to any of the above, also attach a statement giving a detailed description of the lobbying act1v1t1es
Schedule A (Form 990 or 990-EZ) 2006
TEEA0405

01119/07

Schedule A Form 990 or 990-EZ) 2006

Part VII

Donors

Ca ital

Fund,

Inc

54-1934032

Pae 7

lnfonnation Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations (See 1nstruct1ons)

51 Did the reporting 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?
a Transfers from the reporting organization to a noncharitable exempt organization of:

Yes

No

51 a I
x
(i)Cash
(ii)Other assets
x
b Other transactions.
(i)Sales or exchanges of assets with a noncharitable exempt organization
x
(ii)Purchases of assets from a noncharitable exempt organization
x
(iii)Rental of fac11it1es,equipment, or other assets
X
(iv)Re1mbursement arrangements
X
(v)Loans or loan guarantees
X
(vi)Performance of services or membership or fundra1smgsolic1tat1ons
x
c Sharing of fac11it1es,equipment, mailing lists, other assets, or paid employees
c
x
d If the answer to any of the above IS 'Yes,' com~lete the following schedule. Column (b) should alw~r show the fair market value of
the ~cods, other assets, or services given by t e reportm~ w~nizat1on If the organization receive less than fair market value 1n
e value of the aooas, other assets, or services received:
anv ransact1onor sharma arranaement, show in column d
(c)
(a)
(b)
(d)
Name of noncharitable exempt organization
Line no.
Amount involved
of transfers,
transactions,
andsharingarrangements
Description

52a Is the organization directly or 1nd1rectlyaffiliated with, or related to, one or more tax-exempt organizations
described in section 501 (c) of the Code (other than section 501 (c)(3)) or in section 527'
b If 'Yes,' comolete the followma schedule:
(b)
(a)
(c)
Type of organization
Name of organization
Description of relationship

...D Yes

BAA

~ No

Schedule A (Form 990 or 990-EZ) 2006

TEEA0406

01119/07

Schedule of Gains and Losses from

Sale of Assets Other than Inventory

Form 990
Line S(A) and 8(8)
Statement

2006

Attach to return

Name

Employer ldent1f1cat1on
Number

Donors

Capital

Fund,

Inc

54-1934032

Securities

Part I, Line 8, Column (A)

Public Securities

Gross
Sales Pnce

Descnpt1on

Traded

Publicl::t

Securities

Basis

3,208,715.

Cost
Selhna Exoenses
Basis

2,898,904.
2,898,904.

Nonpublic Securities

Date Sold
and to Whom

Date Acquired
and Method

Descnpt1on

Total Securities

Gross
Sales Pnce

Cost, other basis or

FMV when donated
(State which on top)

3, 208, 715.

2, 898, 904.

Gain or Loss from Sale of Securities

Part I, Line 8, Column (B)

Description

Date Acquired
and Method

309, 811.

Other Assets
Date Sold
and to Whom

-----------

-----------------------------------------

-----------

---------

---------

---------

---------

---------

---------

---------

---------

-----------

---------------------------------------------------

Total Other Assets

Gain or (Loss) from Sale of Other Assets
TEEW0201 SCR 10/30/06

Gross
Sales Pnce

Cost, other basis or

FMV when donated
Cost
De~rec1at1on
Basis
Donation FMV
Cost
De~rec1at1on
Basis
Donation FMV
Cost
De~rec1at1on
Basis
Donation FMV
Cost
De~rec1at1on
Basis
Donation FMV

Application for Extension of Time To File an

Exempt Organization Return

Form8868
(Rev December 2006)

OMS No 1545-1709

~ File a separate appl1cat1onfor each return

~~~;n~~~~tr,!\~r~f;ry

If you are f1hngfor an Automatic 3-Month Extension, complete only Part I and check this box
If you are f1hngfor an Additional (not automatic) 3-Month Extension, complete only Part II (on page 2 of this form)
Do not complete Part II unless you have already been granted an automatic 3-month extension on a previously filed Form 8868

ti]

IPart I IAutomatic 3-Month Extension of Time. Only submit original (no copies needed).

Section 501 (c)(3) corporations required to file Form 990-T and requesting an automatic 6-month extension - check this box and complete
Part I only
All other corporations (mcludmg 1120-C filers). partnerships, REM/CS, and trusts must use Form 7004 to request an extension of time to ftle
mcome tax returns.

Electronic Filing (e-.ile). Generally, you can electronically file Form 8868 1fyou want a 3-month automatic extension of time to file one of the
returns noted below (6 months for section 501(c)(3) corporations required to file Form 990-T) However, you cannot file Form 8868
electronically 1f(1) you want the add1t1onal(not automatic) 3-month extension or (2) you file Forms 990-BL, 6069, or 8870, group returns, or a
composite or consolidated Form 990-T Instead, you must submit the fully completed and signed page 2 (Part II) of Form 8868 For more details
on the electronic f1l1ngof this form, v1s1twww.trs govlef1/e and click on e-f1/e for Chant1es & Nonprofits
Name of Exempt Organization

Employer identification number

Type or
print
Donors
Caoital
Fund,
Inc
File by the
due date for Number, street, and room or suite number If a P O box, see ,nstruct,ons
filing your
Box 1305
return See P.O.
instructions C,ty, town or post office For a foreign address, see ,nstruct,ons

54-1934032

Alexandria
Check type of return to be filed (file a separate appl1cat1onfor each return)
X Form 990
Form 990-T (corporation)
Form 990-BL
Form 990-T (section 401 (a) or 408(a) trust)
Form 990-T (trust other than above)
Form 990-EZ
Form 1041-A
Form 990-PF
The books are in the care of~

the

Organization

state

ZIP code

VA

22313

Form 4720
Form 5227
Form 6069
Form 8870

_______________________

FAX No.~----------------Telephone No~ (703)_535-3563______

If the organization does not have an office or place of business in the United States, check this box
If this 1sfor a Group Return, enter the organization's four d1g1tGroup Exemption Number (GEN)
If this 1sfor the whole group,
If 1t 1sfor part of the group, check this box ~
and attach a list with the names and EINs of all members
check this box ~
the extension will cover
1 I request an automatic 3-month (6 months for a section 501(c)(3) corporation required to file Form 990-T) extension of time
_. to file the exempt organization return for the organization named above
until _!>..~g_1_?___ . 20 _O]_
The extension 1sfor the organization's return for:

D.

~
~
2

~ calendar year 20 ..9

. _ or

D tax year beginning

________

20

If this tax year 1sfor less than 12 months, check reason

, and ending

________

D Initial return

,20

D Final return

D Change 1naccounting period

3a If this application 1sfor Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any
nonrefundable credits. See instructions
b If this application 1sfor Form 990-PF or 990-T, enter any refundable credits and estimated tax payments
made. Include any prior year overpayment allowed as a credit
c Balance Due. Subtract line 3b from line 3a Include your payment with this form, or, 1frequired,
deposit with FID coupon or, 1frequired, by using EFTPS (Electronic Federal Tax Payment System)
See instructions

3a $

0.

3b $

0.

3c S

0.

Caution. If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO for
payment instructions.
BAA For Privacy Act and Paperwork Reduction Act Notice, see instructions.

FIFZ0501

12/19/06

Form 8868 (Rev 12-2006)

Cert

7007 0710 0001 4874 9726

Form 8868 Rev 12-2006

Donors
Ca ital
Fund
Inc
54-1934032
If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II and check this box
Note. Only complete Part II 1fyou have already been granted an automatic 3-month extension on a previously filed Form 8868
If you are f1l1nqfor an Automatic 3-Month Extension, comDlete onlv Part I (on oaoe 1).

Pa e2

I Part II I Additional (not automatic) 3-Month Extension of Time. You must file ona1nal and one coov.
Name of Exempt Organization

Type or
print

Donors

Caoital

Employer identification number

Fund,

Inc

54-1934032

Number, street, and room or suite number If a P O box, see instructions

File by the
extended
due date for
f1hng the
return See
instructions

P.O.

Box

For IRS use only

1305

City, town or post office, state, and ZIP code For a foreign address. see instructions

Alexandria
VA
22313
Check type of return to be filed (File a separate application for each return):
X Form 990
Form 990-PF
Form 1041-A
Form 6069
Form 990-T (section 401 (a) or 408(a) trust)
Form 4720
Form 990-BL
Form 8870
Form 990-T trust other than above
Form 990-EZ
Form 5227
STOP! Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868.
The books are 1ncare of the Organization
_______________________
_

TelephoneNo (703)_535-3563______
FAXNo ---------------- If the organization does not have an office or place of business 1nthe United States, check this box
If this 1sfor the
If this 1sfor a Group Return, enter the organization's four d1g1tGroup Exemption Number (GEN)
whole group, check this box

If 1t 1sfor part of the group, check this box

and attach a list with the names and EINs of all
members the extension 1sfor
4 I request an add1t1onal3-month extension of time until Nov 15 _ _ _ _ , 20 07.
, 20
, and ending
, 20
.
5 For calendar year 2 0 0 6 , or other tax year beginning
~1tlal r;t~r;
Final return
Ch;nge-1~ ~count1~g-period
6 If this tax year 1sfo~l;s; than 12 months, check reason: 7 State in detail why you need the extension
The Organization
holds_an
interest_in
an investment
____
_
UBTI and has not yet received
a K-1, which is necessa}'.Y
to complete
accuratelY:
LLC that .9enerates
Part VII of the return
and, there f ore, resoect f u 11.v reaues ts an additional
extension
of time to file.

Sa If this application 1stor Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any
nonrefundable credits See instructions
b If this application 1sfor Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax
payments made. Include any prior year overpayment allowed as a credit and any amount paid previously
with Form 8868
c Balance Due. Subtract line Sb from line Sa. Include your payment with this form, or, 1f required, deposit
with FTD coupon or, 1f required, by using EFTPS (Electronic Federal Tax Pavment System) See instrs

Sa$
--

0.

--

Sb$

0.

Sci$

0.

Signature and Verification

Under penalties of perJury, I declare that I have examined this form, including accompanying schedules and statements. and to the best of my knowledge and belief, 1t1strue,
correct. and complete, and that I am authonzed to prepare this form
Signature

Title

Attorney

Date

08/09/07

Notice to Applicant. (To be Completed by the IRS)

B
D

Fl

We have approved this appl1cat1onPlease attach this form to the organization's return.
We have not approved this application However, we have granted a 10-day grace period from the later of the date shown below or the
due date of the organization's return (including any prior extensions). This grace period 1sconsidered to be a valid extension of time tor
elections otherwise required to be made on a timely filed return. Please attach this form to the organization's return
We have not approved this application After considering the reasons stated in item 7, we cannot grant your request for an extension of
time to file We are not granting a 10-day grace period
We cannot consider this appl1cat1onbecause 1twas filed after the extended due date of the return for which an extension was requested
Other
By

Director

Date

Alternate Mailing Address. Enter the address 1fyou want the copy of this application for an add1t1onal3-month extension returned to an
address different than the one entered above.
Name

Charitable
Type or
print

Entitv

Administration

LLC

Number and street (include suite, room, or apartment number) or a P.O. box number

PO Box

17367

City or town, province or state, and country (including postal or ZIP code)

Arlington

BAA

VA

22216
FIFZ0502

12119/06

Form 8868 (Rev 12-2006)

Donors Capital Fund, Inc

54-1934032

Form 990, Page 5, Part V-A

List of Officers, Etc. Statement
(A)
Name and address

Kris Alan Mauren

c/o the Organization
William
c/o the

H Mellor
Organization

Stephen
c/o the

Moore
Organization

John Von Kannan

c/o the Organization

(B)
Title and
average hours per
week devoted
to pos1t1on

Board
2.5

Member

Board
2.5

Member

Board
2.5

Member

Board
2.5

Member

(C)
Compensation
(if not paid,
enter-0-)

(D)
Contributions
to employee
benefit plans
and deferred
compensation

(E)
Expense
account
and other
allowances

0.

0.

0.

0.

0.

0.

0.

0.

o.

0.

0.

0.

Form 990, Page 4, Part IV, Line 54a

Investments - Publicly-Traded Securities Statement
Beginning
of Year

Line 54a - Investments - Publicly-Traded Securities:

Investment

in

publicly

traded

securities

Total

End of
Year

12,693,603.

15,873,749.

12,693,603.

15,873,749.

Form 990, Page 4, Part IV, Line 56

Investments - Other Statement
Beginning
of Year

Line 56 - Investments - Other:

Investment
Investment

in
in

Caxton
Select
DCF LLC

LLC

End of
Year

16,539,845.

o.
16,539,845.

Total

16,085,833.
855,000.
16,940,833.

Explanation Statement

Form/Line:
Form
Explanation of:

990, Part V-A

Receipt
of Compensation

from

Other

_l_i_n_e_7_5_c
______
Companies

Whitney L. Ball (109 N Henry St, Alexandria,

VA 22314) received
compensation
of
$115,650,
contributions
to employee
benefit
plans
of $16,818,
and expense
and other
allowances
of $0, from Donors Trust,
Inc.,
EIN 52-2166327.
Donors Trust,
Inc.
is an exempt organization
supported
by the Organization.

Additional Information For Tax Return

Donors Capital Fund, Inc

Form990_p]:Accomplishments-a

54-1934032

_______________

FORM 990, PART III a - STATEMENT OF PRIMARY EXEMPT PURPOSE,

Support of organizations described in Internal Revenue Code sections 509(a)(l) and 509(a)(2), which alleviate,
through education, research and private initiatives, society's most pervasive and radical needs, including those
relating to social welfare, health, environment, economics, governance, foreign relations, and arts and culture; and
which encourage philanthropy and individual giving and responsibility as an answer to society's needs, as opposed
to governmental involvement.

Form990__p_i>:Line75dN/A _________________
Adopted during the 2007 tax year.