donors capital 2005 990

8/3/2019 Donors Capital 2005 990

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Form 9 9 , 0 Return of Organization Exempt From Income Taxr Under section 501(c , 527, or 4947(aXl) o f th e I n t e r n a l Revenue Code except bl ack lung b e n e f i t t r u s t or p r i v a t e foundation)

I I n t e Reveo f t heaService

Treasu ry Th e organization may have t o us e a copy o f t h i s r e t u r n t o s a t i s f y s t a t e r e p o r t i n g r e g l

25,000. Th e organization need n o t f i l e a r e t u r n w it h t he IRS b u t t e o r g a n i z a t i o nchooses t o f i l e a r e t u r n , be sure t o f i l e a complete r e t u r n . Some states require acomplete r e t u r n .

A For th e 2 0 0 5 calendar year or ta x y ea r be g i n n i n g 2 0 0 5 and endin gB Check i f applicable r ^' ^ ` ^'^^^ '''^^ D Employer I d e n t i f i c a t i o n Number

Address change I RS r , Ili,lIr,IIIet,IIIIla01411tl,n111111I111 54-1934032Name change

IorNS i l l l^HITNZY 8AL 2 9 IB 200512 03 1 7 I E Telephone number3 0000I n i t i a l r e t u r n n DONORS CAPITAL FUND INC (703) 535-3563RF i n a l r e t u r n .t i c R 0 30X 1305 ^ r r t iF m e ^ , o d g Cash X Accr

Amended r e t u r n ALEXANDRIA VA 2231 3 -1305 S O t h e r s p e c i f y 1 `p p l i c a t i o n pending Section 5 0 1 ( c ) ( 3 ) organizations and 4947 ax1 nonexempt H andl are not applicable to s e c t i o n 5 2 7 organizationscharitable trusts must attach a complete d Schedule A H a i s t h i s a group r e t u r n fo r a f f i l i a t e s ? e s(Form 99 0 o r 990-Q ) .H (b ) i f ' Y e s , ' e n t e r number o f a f f i l i a t e s N o .G Web s i t e : 1 1 N/A

-(C ) Ar e a l l a f f i l i a t e s included? e s 1FJ Organization typeh k l 1 2 7 4 4947

i f ' N o , ' a t t a c h a l i s t . S ee i n s t r u c t i o n s )y onec ec on ( a ) ( or01 (c ) ( i n s e r t no) 5. H (d ) I s t h i s a separate r e t u r n f i l e d by anK Check here i f t h e o r g a n i z a t i o n ' s gross r e c e i p t s are normally n o t more than

f h organization covered by a group ruhng7 Ye sL Gross r e c e i p t s . Add l i n e s 6 b , 8 b , 9 b , and 1 Ob t o l i n e 12 1 1 2 4, 0 7 7 , 9 9 0 Part I Revenue - E cnenses and Channes in Net Assets or F i

I Grou p Exem p t i o n Number M Check i f t h e o r g a n i z a t i o n i s n o t r e q u i r e d

t o a t t a c h S c h e d u l e B ( F o r m 9 9 0 9 9 0 - E Z , o r 9 9 0 - P F )CeS See Instructinnsl

1 C o n t r i b u t i o n s , g i f t s , g r a n t s , and s i m i l a r amounts r e c e i v e d :a D i r ec t p u bl i c s u p p o r t . . . . 1 a 19, 7 40 , 0 00 .b I n d i r e c t p u b l i c support 1 bc Government c o n t r i bu t i o n s ( g r an t s ) 1 cd T o t a l ^ a g l i n e o c a s h 0 .a th r ic ) s (cash 0 0 0 . n n 1 d 1 9 740 0 0

2 Program s e r v i c e revenue i n c l u d i n g government fees and c o n t r a c t s (from P a r t V I I , l i n e 93) 23 Membersh ip du es a nd assessments 34 I n t e r e s t on savings and temporary cash investments 4 11,3945 D i v i d e n d s and i n t e r e s t f r o m s e c u r i t i e s 5 765,0366a G r o s s r e n t s 6ab L e s s : r e n t a l expenses 6b _c Net r e n t a l income o r ( lo ss ) ( s u b t r a c t l i n e 6b from l i n e 6a) 6c

R 7 Other investment income (describe S ee Other Investment Income Statement 7 1,843,251Ev f a s set s othern t f r m lG

( A ) S e c u r i t ie s (B ) OtherN r o s s a ou o sa es othan i n v e n t o r y . . 1,718 3 0 9 . 8auE b L e s s : c o s t o r o t h e r b a s i s and s a l e s expenses 1 614, 5 0 2 . 8b

a c c h e d u l e See L-8 Stmt 103,807. 8co (combine l i n e 8 c , columns ( A ) and B ) ) 8d 103 809 Special eve f^ d a c t i v i t i e s ( a t t a c h schedule). I f an y amount i s from gaming check here

OC T goiNGen t i n c l u d i n g o f c o n t r i b u t i o n sreported on I a ) 9a

ses o t h e r than f u n d r a i s i n g expenses . . . 9bs ) from s p e c i a l events ( s u b t r a c t l i n e 9b from l i n e 9a ) 9 c

1 0 a Gross sales o f i n v e n t o r y , l e s s r e t u r n s and allowances 1 0 ab L e s s : c o s t o f goods s o l d . . 10 b _c G r o s s p r o f i t o r l o s s f r o m s a l e s o f i n v e n t o r y a t t a c h s c h e d u l e ) s u b t r a c t l i n e 1 0 b f r o m l i n e 1 0 a ) 10 e

1 1 Other revenue (from P a r t V I I , l i n e 103) 1 112 T o t a l revenue add l i n e s 1 d , 2 , 3 , 4 , 5, 6 c , 7 , 8 d , 9 c, I O c , and 1 1 ) 12 22,463 4813 Program s e r v i c e s (from l i n e 4 4 , column ( B ) ) 13 11 , 199 79

x 14 Management and general (from l i n e 4 4 , column ( C ) ) 14 675 96P] E 15 Fundraising (from l i n e 4 4 , column ( D ) ) 15N

E 16 Payments t o a f f i l i a t e s ( a t t a c h schedule) . . 16s 17 T o t a l expenses add l i n e s 16 and 4 4 , column A 17 11 875 76A 18 Excess o r ( d e f i c i t ) f o r t h e year ( s u b t r a c t l i n e 17 from l i n e 1 2 ) 18 10 587 72

} )t S 19 Net assets o r fund balances a t beginning o f y ear ( f rom l i n e 7 3 , column ( A ) ) 19 36 , 604 47T 2 0 Other changes i n n e t assets o r fund balances ( a t t a c h e x p l a n a t i o n ) 2 0 -144,999s 2 1 Ne t a s se ts o r fund balances a t en d o f y ea r combine l i n e s 1 8 , 1 9 , and 2 0 ) 21 47 047 20

BAA For Privacy Act and Paperwork Reduction Act N o t i c e , see th e separate i n s t r u c t i o n s . TEEA0101 02/03/06

OMB No 1545.0047

2005Open t o PublicInspection

Form 99 0 (20


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Form 99 0 2005 Donors Capital Fund Inc 54 1934032 Pa gP a r t I I Statement o f F u n c t i o n a l Ex penses A l l o r g a n i z a t i o n s must complete column A ) . Columns B ) , C ) , an d D ) a r er e q u i r e d f o r s e c t i o n 5 0 1 c ) 3 ) an d 4 ) o r g a n i z a t i o n s an d s e c t i o n 4947 a ) 1 ) nonex empt c h a r i t a b l e t r u s t s b u t o p t i o n a l f o r o t h e r s .

Do not i n c l u d e amounts reported on l i n e6 b , 8 b , 9 b , I O b , o r 1 6 o f Part/ A ) T o t a l

B) Programs e r v i c e s

C) Managementan d g e n e r a l F u n d r a i s i n D F u n d r a i s i n g22 G r a n t s a n d a l l o c a t i o n s a f t s c h )

cash 11 199 797.non-cash I f t h i s amount includesforeign grants c he ck here LI 2 1, 199 797. 1, 199 797.

23 S p e c i f i c a s s i s t a n c e t o i n d i v i d u a l s a f t s c h 2324 B e n e f i t s p a i d t o o r f o r m e m b e r s a f t s c h 2425 C o m p e n s a t i o n o f o f f i c e r s d i r e c t o r s e t c 25 0. 0. 0.26 Other s a l a r i e s an d wages 2627 Pension p l a n c o n tr i b ut i o ns . . 2728 Other employee b e n e f i t s 2829 P a y r o l l taxes 2930 P r o f e s s i o n a l f u nd r a is i n g f e e s 303 1 A c c o u n t i n g f e e s 3 1 -17,353. 0. 17 353.3 2 L e g a l f e e s 3 2 214. 0 . 214.33 Supplies 3334 Telephone . . . 3435 Postage an d shipping 3536 Occupancy 3637 Equipment r e n t a l an d maintenance 3738 P r i n t i n g an d p u b l i c a t i o n s 3839 T r a v e l 3940 C o n f e r e n c e s c o n v e n t i o n s a n d m e e t i n g s 404 1 I n t e r e s t 4 142 D e p r e c i a t i o n d e p l e t i o n e t c a t t a c h sc he d u l e ) 4243 O t h er e x p e n se s n o t c o v e r e d a b o v e i t e m i z e

a Consulting 43a 124 583. 0 . 124 583.bTaxes 43 b 86 ,986. 0. 86 986.cInvestment f ees 43 c 16 087. 0 . 16 087.d Admin services 43d 429 ,405. 0. 429 405.e Registration fees 43 e 1 ,337. 0. 1 337.f 43 f944 T o t a l f u n c t i o n a l e x p e n s e s A d d l i n e s 2 2 t h r o e h4 3 . O r g a n i z a t i o n s c o m p l e t i n g c o l u m n s B D ,c a r t h e s e t o t a l s t o l i n e s 1 3 - 1 5 4 1 875 762. 1 199 797. 75 965.

Joint Costs. Check ^[:] i f you a r e f o l l o w i n g SOP 9 8 - 2 .Are an y j o i n t c o s t s from a combined e d u c a t i o n a l campaign an d f u n d r a i s i n g s o l i c i t a t i o n r e p o r t e d i n B ) P r o g r a m s e r v i c e s ? Ye s XQ NoI f Y e s , e n t e r i t h e aggregate amount o f these j o i n t c o s t s ; i i t h e amount a l l o c a t e d t o Program s e r v i c e s i i i t h e amount a l l o c a t e d t o Management an d general an d iv ) t h e amount a l l o c a t e d

t o Fundraising BAA Form 99 0 2 0

TEEA0102 11/01105


3/24

- . A

Form 990 2005 Donors Capital Fund Inc 54 1934032 Pa gr Part I I Statement of Program Service Accomplishments

Form 9 9 0 i s a v a i l a b l e f o r p u b l i c i n s p e c t i o n and, f o r some people, s er ves a s t h e primary o r s o l e source o f i n f o r m a t i o n about a p a r t i c u l a ro r g a n i z a t i o n . How t h e p u b l i c perceives an o r g a n i z a t i o n i n s u ch c as e s may be determined by t h e i n f o r m a t i o n presented on i t s r e t u r n . T h e r e f o r e ,please make sure the r e t u r n i s complete an d accurate a n d f u l l y d e s c r i b e s , in P a r t I I I , - t h e - o r g a n i z a t i o n s programs and-accomplishments.-What i s t h e organization s primary exempt purpose? Sj^p p or t o r qs de s c in I R_C_5_ 9 a (1) 5 0 9 (a ) (2 ) P r o g r a m S e r v i c e E x p e n sA l l organizations must describe t h e i r exempt p ur pose achievements i n a c l e a r a n d concise m a n n e r State t h e n umber o fs

R e c a r e d f o r 5 0 1 c ) 3 ) a^ r suss achievements t h a t ar e n o t measurable S e c t i o n 50 1 c ) 3 ) an d 4 ) organ -c l i e n t s served p u b l i c a t i o n s i s s u e d e t c . D i ^ ^ a 7 a 1 t s t s , bu ti z a t i o n s a n d 4947 a 1 ) n o n e xe m p t c h a r i t a b l e t r u s t s must a l s o e n t e r t h e a m o u n t o f g r a nt s an d a l l o c a t i o n s t o o t h e r s ) o p t i o n a f o r o t h e r s )

a See Statement1 Attached _

Grants an d a l l o c a t i o n s 199 797. I f t h i s a m o u n t i n c l u d e s f o r e i g n g r a n t s check here 11 199 797b

Grants an d a l l o c a t i o n s I f t h i s a m o u n t i n c l u d e s f o r e i g n g r a n t s check here P - jC

Grants a n d a l l o c a t i o n s I f t h i s a m o u n t i n c l u d e s f o r e i g n g r a n t s check hered

Grants an d a l l o c a t i o n s I f t h i s a m o u n t i n c l u d e s f o r e i g n g r a n t s check heree O th er program services

(Grants an d a l l o c a t i o n s ) I f t h i s a m o u n t i n c l u d e s f o r e i g n grants check here f T o t a l o f Program Service Expen ses should equal l i n e 44 column B ) , Program services M . 11 199 797

BAA Form 990 2 0

TEEA0103 10/14/05


4/24

Form 99 0 2005) Donors Capital Fund, Inc 54-1934032 PagPart IV Balance Sheets Se e I n s t r u c t i o n s )Note Where required attached schedules an d amounts w i t h i n t h e d e s c r i p t i o ncolumn should be f o r en d of-year amounts o n l y .

A )Beginning o f year B )End o f year45 Cash - non i n t e r e s t bearing 4546 S a v i n g s and t e m p o r a ry c a s h i n v e s t m e n t s 6 8 421. 46 17 962,05147 a Accounts r e c e i v a b l e 47 a

b Less : allowance f o r d o u b t f u l accounts . 47b 47 c

48 a Pledges r e c e i v a b l e 48ab Less- allowance f o r d o u b t f u l accounts 48b 48c

49 Grants r e c e i v a b l e 49As

5 0 Receivables from o f f i c e r s , d i r e c t o r s t r u s t e e s and keyemployees a t t a c h schedule) 50e 5 1 a O t h e r n o t e s l o n s r e ce i v l e a t t a c h s c h ) 5 1 as b Less : allowance f o r d o u b t f u l accounts 5 1 b 5 1 c

5 2 I n v e n t o r i e s f o r s a l e o r u se . . 5 25 3 Prepaid expenses and deferred charges 5354 I n v e s t m e n t s - s e c u r i t i e s a t t a c h s c h e d u l e L-54 Stmt [] C o s t FMV 2 9, 940, 764. 54 2 - - 9 2-33,445 5 a Investments - l a n d , b u i l d i n g s equipment : basis 5 5 a

b Less : accumulated depreciation a t t a c h schedule 5 5 b - - - -5 5 c5 6 Investments - o t h e r a t t a c h schedule) . . 5 65 7a Land b u i l d i n g s and equipment : basis 5 7a

b Less : accumulated depreciation a t t a c h schedule) 5 7b - -5 7c5 8 Other assets describe 5 859 T o t a l a s s e t s must e q u a l l i n e 74 Ad d l i n e s 4 5 t h r o u g h 58 36, 7 5 1, 185 . 59 47 , 195, 49960 A c c o u n t s p a y a b l e and a c c r u e d expenses 6 8 700. 6 0 66, 686 1 Grants payable 6 1

A 6 2 Deferred revenue 6 2B 6 3 L o a n s f r o m o f f i c e r s d i r e c t o r s t r u s t e e s , a n d k e y e m p l o y e e s a t t a c h s c h e d u l e ) 63T 6 4a T ax - exempt bond l i i l i t i e s a t t a c h schedule) 6 4aE b M o r t ga g es a n d o t h e r n o t e s p a y a b l e a t t a c h s c h e d u l e ) 64b 65 O t h e r l i a b i l i t i e s d e s c r i b e Due to Donors Trust, Inc. 78,007. 65 81,608

66 T o t a l l i a b i l i t i e s Ad d l i n e s 6 0 t h r o u g h 6 5 146,707. 66 148,294N

A

Organizations t h a t follow SFAS 117 check here X and complete l i n e s 67through 69 and l i n e s 73 and 74

6 7 U n r e s t r i c t e d . . . . 36 6 04 478. - - 6 7 47 047, 2 068 T e m p o r a r i l y r e s t r i c t e d . . 6869 P e r m a n e n t l y r e s t r i c t e d 69

oFU

Organizations t h a t d o not follow SFAS 117 check here and complete l i n e s70 through 74

70 C a p i t a l stock t r u s t p r i n c i p a l o r c u r r e n t funds . . 707 1 Paid i n o r c a p i t a l s u r p l u s , o r l a n d b u i l d i n g and equipment fund 7 172 Retained earnings endowment accumulated income o r o t h e r funds 7273 T o t a l net assets or fund balances ad d l i n e s 67 through 69 or l i n e s 70 through7 2 , column A) m ust equal l i n e 19 ; column B ) must equal l i n e 2 1 . . 36, 604, 478. - - - -73 47, 047, 2074 T o t a l l i a b i l i t i e s and n e t a s s e t s l f u n d balances Ad d l i n e s 6 6 and 7 3 3 6 , 751, 185. 174 47,195,499

BAA Form 99 0 20

TEEA0104 10/17/05


5/24

Form 990 2005 Donors Capital Fund Inc 54 1934032 PaPart IV - Reconciliation of Revenue pe r Audited Financial Statements with Revenue pe r R et ur n S eeI n s t r u c t i o n s .

a T o t a l revenue, g a i n s , and o t h e r support per a u d i t e d f i n a n c i a l statements a 22 318 48b Amounts included on l i n e a b u t n o t on Part l i n e 1 2 -

1 Ne t unrealized gains on investments b1 144 999.2Donated services and use o f f a c i l i t i e s b 23 R e c o v e r i e s o f p r i o r y e a r g r a n t s b340ther s p e c i f y

b 4Add l i n s b 1 t h r o u g h b4 b 144 9 9

c S u b t r a c t l i n e b f r o m l i n e a c 22 463 48d Amounts included on P a r t l i n e 1 2 , b u t n o t on l i n e a :

1 Investment expenses n o t i n c l u d e d on P a r t l i n e 6b dl20ther specify - d2Add l i n e s d1 and d2 . . d

e T o t a l revenue Part I , l i n e 12 Ad d l i n e s c and d e 22 463 48P a r t I V - B R e c o n c i l i a t i o n o f Expenses p e r Audited F i n a n c i a l Statements w i t h Ex p enses p e r Returna T o t a l e xp en s es a n d losses per audited f i n a n c i a l statements a 11 875 76b Amounts included on l i n e a b u t n o t on P a r t I , l i n e 1 7 :1 Donated services and us e o f f a c i l i t i e s b1

2Prior year adjustments r e p o r t e d on Part I , l i n e 20 b 23Losses reported on P a r t I , l i n e 20 b 340ther s p e c i f y : b4Add l i n e s b 1 through b4 b

c S u b t r a c t l i n e b f r o m l i n e a c 11 875 76d Amounts included on P a r t I , l i n e 1 7 , b u t n o t on l i n e a :

1 Investment expenses n o t i n c l u d ed on P a r t I , l i n e 6b d120ther s p e c i f y

d2 ---Ad d l i n e s d1 and d2 . . de T o t a l ex penses P a r t I , l i n e 17 Ad d l i n e s c and d e 11 875 76Part VA Current Officers Directors Trustees , and Key Employees L i s t each person who wa s an o f f i c e r , d i r e c t o r , t r u s t eo r ke y employee a t any time during t h e year even i f t h e y were n o t compensated. See t h e i n s t r u c t i o n s

B T i t l e and average hours C Compensation D C o n t r i b u t i o n s t o E Expense A Name and address per week devoted f no t paid employee b e n e f i t account and o t h et o p o s i t i o n enter - 0 - plans and d e f e r r e d allowancescompensation plans

James_S WachsAll can be reach _________c/o the organization President 2 5 0. 0.Bruce H Jacobs_ c / otheorganization

Vice Pres. 2 5 0. 0.Whitney L_Ba11__ ____c/o the Organization- - Sec./Treas. 2 0 0. 0.ChristoQher DeMuth________c/o the Organization

Board member 2 5 0. 0.Steven Hayward_c/o the Organization

Board member 2 5 0. 0.Se e L i s t o f O f f i c er s , E t c . StatementBAA TEF-AO105 10/17/05 F o r m 9 90 2


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Form 99 0 2005 Donors Capital Fund Inc 54 1934032 PaPart V- A Current O f f i c e r s Directors Trustees and Ke y Emp l o yee s c o n t i n u e d Ye s N75 a n te r t h e t o t a l n u m b e r o f o f f i c e r s , d i r e c t o r s , a n d t r u s t e e s p e r m i t t e d t o v o t e o n o r g n i z t i o n b u s i n e s s a s b o a r d m e e t i n g s 9_

b A r e - a n y - o f f i c e r s , d i r e c t o r s , t r u s t e e s , o r key employees l i s t e d i n Form-990,-Part-V=A-or-highest compensated-employees-l i s t e d i n Schedule A , P a r t I , o r h i g h e s t compens a ted p r o f e s s i o n a l and o t h e r independent c o n t r a c t o r s l i s t e d i n ScheduleA P a r t I I - A o r I I - B r e l a t e d t o eac h o t h e r through f a m i l y o r business r e l a t i o n s h i p s ? I f Ye s a t t a c h a statement t h a ti d e n t i f i e s t h e i n d i v i d u a l s and explains t h e r e l a t i o n s h i p s ) 75b X

c Do any o f f i c e r s , d i r e c t o r s , t r u s t e e s , o r key employees l i s t e d i n form 9 90 , P ar t V-A, o r h i g h e s t compens a ted employeesl i s t e d i n Schedule A , P a r t o r h i g h e s t compens a ted p r o f e s s i o n a l and o t h e r independent c o n t r a c t o r s l i s t e d i n SchedulePart I I - A o r I I - B whether t a x exempt o r taxablee c e i v e compensation from any o t h e r organizations t h a t are r e l a t e dt o t h i s o r g a n i z a t i o n through common supervision o r common c o n t r o l ? 75 c XNote Related organizations i n cl u d e s e c t i o n 509(a)(3) supporting o r g a n i z a t i o n s .I f Y e s , a t t a c h a statement t h a t i d e n t i f i e s t h e i n d i v i d u a l s , e x p l a i n s t h e r e l a t i o n s h i p between t h i s organization and t h eother o r g a n i z a t i o n s ) , and describes t h e compensation arrangements, i n c l u d i n g amounts p a i d t o eac h i n d i v i d u a l by e achr e l a t e d organization

d Does t h e o r g a n i z a t i o n h ave a w ri t t e n c on f l ic t o f i n t er e st p o l i c y ? d XP a r t V B Former O f f i c e r s D i r e c t o r s Trustees and Ke y Employees That Received Compensation o r OtherBenefits I f any former o f f i c e r , d i re c t or , t r u s t e e , o r ke y employee received compensation o r o t h e r b e n e f i t s (described below)d u r i n g t h e y e a r , l i s t t h a t person below and e n t e r t h e amount o f compensation o r o t h e r b e n e f i t s i n t h e appropriate column. Se et h e i n s t r u c t i o n s . )

A ) Name and address B ) Loans andAdvanc es C ) Compensation D ) Contributions t oemployee b e n e f i tplans and deferredcompensation plans

E ) Expens eaccount and o t h e rallowancesNONE

Part VI O t h e r Information See t h e i n s t r u c t i o n s . Yes N76 Did t h e o r g a n i z a t i o n engage i n any a c t i v i t y n o t p r e v i o u s l y r e p o r t e d t o t h e IRS? I f Y e s a tt ac h a d e t a i l e d d e s c r i p t i o n o f eac h a c t i v i t y . 76 x77 Were any c hanges made i n t h e organizing o r governing documents b u t n o t reported t o t h e IRS? . . 77 X

I f Y e s , a t t a c h a conformed copy o f t h e c hanges78a Di d t h e o r g a n i z a t i o n have u n r e l a t e d bus i nes s gros s income o f 1,000 o r more during t h e year covered by t h i s r e t u r n ? 78a X

b I f Y e s , has i t f i l e d a t a x r e t u r n on Form 99 0 - T f or t hi s year? 78b Xd i s s o l u t i o n termination9 Was t h e r e a l i q u i d a t i o n o r s u b s t a n t i a l c o n t r a c t i o n during t h eyear? I f Y e s , attach a statement .. . 79 X

80 a I s t h e organization r e l a t e d o t he r than by association w i t h a statewide o r nationwide o r a n i z a t i o n ) t h r o u h commongmembership, governing b o d i e s , t r u s t e e s , o f f i c e r s , e t c , t o any o t h e r exempt o r nonexempt organization? 80 a Xb I f Y e s , e n t e r t h e name o f t h e organization Donors Trust Inc. _ _ _ and check whether i t i s X exempt or nonexempt.

8 1 a Ent er d i r e c t and i n d i r e c t p o l i t i c a l expenditures. (See l i n e 8 1 i n s t r u c t i o n s . ) I 8 8 1 a l 0.b Di d t h e organization f i l e Form 1120-POL f or t hi s ear? . 8 1 b X

BAA Form 99 0 (20

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,Form 990 2005 Donors Capital Fund Inc 54-1934032 PaPart VI Other Information c o n t i n u e d ) Yes82 a Di d t h e o r g a n i z a t i o n r e c e i v e donated services o r t h e us e o f m a t e r i a l s , equipment, o r f a c i l i t i e s a t no charge o r a t

s u bs t a n t i al l y l e ss than f i r r e n t a l value?- 82 ab I f Y e s , you may i n d i c at e t h e value o f these items here D o n o t i n c l u d e t h i s amount asrevenue i n P a r t I o r as a n e xpe ns e i n P a r t I I . (See i n s t r u c t i o n s i n P a r t I I I .

83a Di d t h e o r g a n i z a t i o n comply w i t h t h e p u b l i c i n s p e c t i o n requirements f o r r e t u r n s and exemption a p p l i c a t i o n s ? 83a Xb Di d t h e o r g a n i z a t i o n comply w i t h t h e d i s c l o s u re requirements r e l a t i n g t o q u i d p r o q uo c o n t r i b u t i o n s ? . . . 83b NI

84a Di d t h e o r ga n i za t i o n s o l i c i t any c o n t r i b u t i o n s o r g i f t s t h a t were n o t t a x d e d u c t i b l e ? . . 84ab I f Y e s , d i d t h e o r ga n i za t i o n i n c l u d e w i t h every s o l i c i t a t i o n an express statement t h a t such c o n t r i b u t i o n s o r g i f t s were -n o t t a x d e d u c t i b l e . . . 84b

85 5 0 1 c ) 4 ) , 5 ) , o r 6 ) o r g a n i z a t i o n s . a Were s u b s t a n t i a l l y a l l dues nondeductible by members ? 85 ab Di d t h e o r g a n i z a t i o n make o n l y in-house l o b b y i n g expenditures o f 2,000 o r l e s s ? 8 5 b

I f Y e s wa s answered t o e i t h e r 85 a o r 85b, d o not complete 85 c through 85 h below unless t h e o r ga n i za t i o n received awaiver f o r proxy t a x owed f o r t h e p r i o r yearc Dues, assessments, and s i m i l a r amounts from members 8 5 cd Section 162(e) l o b b y i n g and p o l i t i c a l expenditures 8 5 de Aggregate nondeductible amount o f s e c t i o n 6033(e)(1)(A) dues n o t i c e s 8 5 ef Taxable amount o f l o b b y i n g and p o l i t i c a l expenditures l i n e 85 d l e s s 85e) 85 fg Does t h e o r ga n i za t i o n e l e c t t o pay t h e s e c t i o n 6033(e) t a x on t h e amount on l i n e 85f 85h I f s e c t i o n 6 0 3 3 ex1XA) d u e s n o t i c e s w e r e s e n t , d o e s t h e o r ga n i za t i o n a g r e e t o a d d t h e a m o u n t o n l i n e 8 5 f t o i t s r e a so n a b le e s t i ma t e o f

d u e s a l l o c a b l e t o n o n d e d uc t i b le l o bb y in g a n d p o l i t i c a l e x p e n d i t u r e s f o r t h e f o l l o w i n g t a x y e r86 50 1 c ) 7 ) o r ga n i za t i o n s. E n t e r : a I n i t i a t i o n f e e s and c a p i t a l c o n t r i b u t i o n s i n c l u d e d on

l i n e 12 8 6 ab Gross r e c e i p t s , i n c l u d e d on l i n e 1 2 , f o r p u b l i c us e o f c l u b f a c i l i t i e s 8 6 b

87 501(c)(12) organizations Enter a G ro ss i nc o me from members o r shareholders 87 ab Gross income from o t h e r sources. (D o n o t n e t amounts d ue o r p a i d t o o t h e r sourcesagainst amounts d ue o r received from them.) 87

88 At any time d u ri n g t h e y e a r, d i d t h e organization own a 50 o r g r e a t e r i n t e r e s t i n a t a x a b l e corporation o r p a r t n e r s h i p ,o r an e n t i t y disregarded as separate from t h e organization under Regulations sections 301.7701.2 and 301.7701-3?I f Y e s , complete P a r t I X 88

8 9 a 5 0 1 c ) 3 ) organizations Enter Amount o f t a x imposed on t h e o r g an i z at i o n d u r i n g t h e year unders e c t i o n 4911 0 ; s e c t i o n 4912 0 ; s e c t i o n 4955 0

b 501(c)(3) and 5 0 1 c ) 4 ) o r g a n i za t i o n s . D i d t h e organization engage i n any s e c t i o n 4958 excess b e n e f i t t r a n s a c t i o nd u r i n g t h e year o r d i d i t become aware o f an excess b e n e f i t t r a n s a c t i o n from a p r i o r year? I f Y e s , attach a statemente x p l a i n i n g each t r a n s a c t i o n 8 9 b

c E n t e r : Amount o f t a x imposed on t h e organization managers o r d i s qu a l if i e d persons d u r i n g t h eyear un der sections 4912 , 495 5 , and 4958 d E n t e r : Amount o f t a x on l i n e 89c, above, reimbursed by t h e o r g a n i z a t i o n

9 0 a L i s t t h e s t a t e s w i t h which a c opy o f t h i s r e t u r n i s f i l e d CTL FL IL NYL VA WA r_ _----Number o f employees employed i n t h e pay p e r i o d t h a t i n c l u d e s March 1 2 , 2 0 0 5 (See i n s t r u c t i o n s . ) -----_ ----- I 90b^

9 1 a The books are i n care o f the Organization - _ _ - _ _ _ _ _ _ Telephone number 703 535-3563L o c a t e d a t Seepage 22313

b A t any time d u r i n g t he calendar y e a r , d i d t h e organization ha ve a n i n t e r e s t i n o r a signature o r o t h e r a u t h o r i t y over a Yesf i n a n c i a l account i n a f o r e i g n c ountry ( such as a bank account, s e c u r i t i e s account, o r o t h e r f i n a n c i a l account)? 9 1 b XI f Y e s , e n t e r t h e name o f t h e f o re i gn country 0 Bermuda----------------------------------See t h e i n s t r u c t i o n s f o r exceptions and f i l i n g requirements f o r Form TD F 9 0- 22 1 , Report o f Foreign Bank andF i n a n c i a l Statements

c A t any time d u r i n g t he calendar y e a r , d i d t h e organization maintain an o f f i c e o u t s i d e o f t h e United States? 9 1 cI f Y e s , e n t e r t h e name o f t h e f o re i gn country 1___________________________________

9 2 Section 4947(a)(1) nonexempt c h a r i t a b l e t r u s t s f i l i n g Form 9 9 0 i n l i e u o f Form 1041- Check here and e n t e r t he amount o f tax-exempt i n t e r e s t received o r accrued d u r i n g t h e t a x year 9 2

BAA Form 9 9 0 (2

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Form 990 20 05 Donors Capital Fund Inc 54 1934032 Pa gPart V I I Anal y s i s o f Income Producin g A c t i v i t i e s S e e t h e i n s t r u c t i o n s .

Unrelated business income Excluded b y se c t i o n 512 5 1 3 , o r 5 14ot e Enter gros s a m o u n t s unlessotherwise i n d i c a t e d A)B u s i n e ss c o de ( B ) -A m o un t C )E x c l u s i o n c o d e D Amount o^ exemptelatedf u n c t i o n income

93 Program s e r v i c e r e v e n u e :abcdef Medicare / Medicaid paymentsg F e e s c o n t r a c t s f r o m g o v e r n m e n t a g e n c i e s

9 4 Membership d ues a nd a s s es s m en t s9 5 I n t e r e s t o n s a v i n g s t e m p o r a r y c a s h i n v m n t s 14 11 394.96 D i v i d e n d s i n t e r e s t f r o m s e c u r i t i e s 14 765 036.9 7 N e t r e n t a l i n c o m e o r l o s s f r o m r e a l e s t a t e :

a debt financed propertyb n o t debt financed property

9 8 N e t r e n t a l i n c o m e o r l o s s f r o m p e r s p r o p99 O t h e r i n v e s t m e n t income 900000 1 9 2 , 9 14. 14 1 650 337.

10 0 Gain o r l o s s ) from sales o f assetso t h e r than i n v e n t o r y 18 103 807.10 1 N e t i n c o m e o r l o s s f r o m s p e c i a l e v e n t s102 Gross p r o f i t or l o s s ) from sales of i n v e n t o r y10 3 O t h e r r e v e n u e : a

bcde

10 4 S u b t o t a l a d d c o l u m n s B , D , a n d E 192 914. 2 530 574.10 5 T o t a l add l i n e 10 4 columns ( B ) , ( D ) , a nd ( E ) ) 2 723 488

Note Line 10 5 p l u s l i n e Id Part 1 should eq u a l t h e amount on l i n e 1 2 Part 1 .Part V I I I Relationshi p of A c t i v i t i e s to the Accomp lishment of Exemp t P ur p oses S e e t h e i n s t r u c t i o n s L in e N o.

W Explain how each a c ti v it y f orwhich income i s reported i n column E ) o f Part V I I c o n t r i b u t e d i m p o r t an t l y t o t h e accomplishment

o f t h e organization s exempt purposes o t h e r t ha n b y p r o v i d i n g funds fo r such purposes).

P ar t IX Information g ardin g Taxa ble Subsidiaries and Disre g a r d e d Entities See t h e i n s t r u c t i o n s . N/AA )

Name, address, a nd EIN o f c o r p o r a t i o n ,p a r t n e r s h i p , o r disregarded e n t i t y( B )

P e r c e n t a g e o fo w n e r s h i p i n t e r e s t

( C )Nature o f a c ti v i ti e s

( D )T o t a lincome

( E )End-of-year

assets

Part X Information Renardina Transfers Associa t ed w it h Personal Benefit Contracts ( S e e t h e i n s t r u c t i o n sa D id t h e o r g a n i z a t i o n , d u r i n g t h e y e a r , r e c e i v e a n y f u n d s d i r e c t l y o r i n d i r e c t l y , t o p a yb Di d t h e o r g a n i z a t i o n , during t h e y e a r, p ay p r em i um s, d ir e ct l y o r in c

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SCHEDULEForm 990 o r 9 9 0 - E Z )

Department of t h e TreasuryI n t e r n a l Revenue Service

Organization Exempt UnderSection 501 cX3)Except P r i v a t e Foundation) an d S ec ti o n 5 0 1 e , 5 0 1 f ) , 5 0 1 k ) ,501 n , or 4947 aXl) Nonexempt Charitable TrustSupplementary Information S ee separate i n s t r u c t i o n s . )

MUST be completed by th e above organizations an d attached t o t h e i r F o r m 9 9 0 or 9 9 0 -EL

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2005Name o f t h e organizationDonors Capital und IncCompensation o f t h e F i v e Highest P a i d Employees Other Than O f f i c e r s ,

S ee I n s t r u c t i o n s L i s t each one. I f t h e r e ar e none, enter N o n e . )r e c t o r s , and Trustees

a ) Name an d address o f eachemployee p a i d m o r ethan 5 0 , 0 0 0 b ) T i t l e an d averagehours per weekdevoted t o p o s i t i o n

c ) Compensation d ) C o n t r i b u t i o n st o e m p l o y e e b e n e f i tp l a n s a n d d e f e r r e dc o m p e n s a t i o n e ) Expenseaccount an d o tallowances

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T o t a l number o f o t h e r employees p a i dover 5 0 , 0 0 0 NONE Part I I Compensation of the Five H i g h e s t Paid Independent C o ntr a ct o r s for Professional Services

S e e I n s t r u c t i o n s . L i s t each one w h e t h e r i n d i v i d u a l s o r f ir ms ) I f t h e r e a r e n o n e , e n t e r N o n e a ) Name an d address o f each independent c o n t r a c t or p a id m o r e than 5 0 , 0 0 0

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b ) Type o f s e r v i c e c ) Compensati

T o t a l number o f o t h e r s r e c e i v i n g over5 0 , 0 0 0 f o r p r o f e ss i o n al s e r vi c e s 1 0 1 NONEP a r t I 1 - B Compensation o f t h e F i v e Highest P a i d Independent C o n t r a c t o r s f o r Other S e r v i c e s

L i s t each c o n t r a c t o r who performed services o t h e r than p r o f e s s i o n a l s e r v i c e s , whether i n d i v i d u a l s o r f i r m s I f t h e r e ar e none,e n t e r N o n e . S ee i n s t r u c t i o n s . )

a ) Name an d address o f each independent c o n t r a c t o r p a i d m o r e than 50, 000 b ) Type o f s e r v i c e c ) CompensatiDonors Trust Inc_PO Box 1305 , Alexandria VA 22313 Administration 429 4 0

T o t a l number o f o t h e r c o n t r a c t o r s r e c e i v i n gover 50, 000 f o r o t h e r s e r v i c e s NONEBAA For Paperwork Reduction Act N o t i c e , se e th e Instructions f o r F o r m 9 9 0 an d F o r m 9 9 0-EZ

Employer I d e n t i f i c a t i o n number54 1934032

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Schedule A (FOrm 99 0 o r 990 FZ 2005 Donors Capital Fund Inc 54 193 4032 PaP a r t I I I Statements About A c t i v i t i e s S e e i n s t r u c t i o n s Y e s

1 During t h e y e a r , has the-organization-attempted t o - i n f l u e n c e n a t i o n a l , s t a t e , o r l oc a l l e g i sl a t i on , i n c l u d i n g an y attemptt o i n f l u e n c e p u b l i c opinion on a l e g i s l a t i v e matter o r referendum? I f Y e s , e n t e r t h e t o t a l expenses p a i do r i n c u r r e d i n connection w i t h t h e lobbying a c t i v i t i e s N . (Must equal amounts on l i n e 3 8 , P a r t V I - A , o r l i n e i o f P a r t V I - B . ) 1Organizations t h a t made an e l e c t i o n under s e c t i o n 5 01 (h ) b y f i l i n g Form 5768 must complete Part V I - A . Otherorganizations checking Y e s must complete Part VI-B AND a t t a c h a statement g i v i n g a d e t a i le d d e s c r i p t i o n o f t h el o b b y i n g a c t i v i t i e s .

2 During t h e y e a r , has t h e o r g a n i z a t i o n , e i t h e r d i r e c t l y o r i n d i r e c t l y , engaged i n an y o f t h e f o l l o w i n g a c t s w i t h an ys u b s t a n t i a l c o n tr i b ut o r s, t r u s t e e s , d i r e c t o r s , o f f i c e r s , c r e a t o r s , key employees, o r members o f t h e i r f a m i li e s , o r w i t h an yt a x a b l e organization w i t h which an y s uc h p ers on i s a f f i l i a t e d as an o f f i c e r , d i r e c t o r , t r u s t e e , m a j o r i t y owner, o r p r i n c i p a lb e n e f i c i a r y ? I f t h e answer t o an y question i s Y e s , a t t a c h a d e t a i l e d statement explaining t h e t r a n s a c t i o n s )

a S a l e , exchange, o r l e a s i n g o f property? 2ab Lending o f money o r o t h e r extension o f c r e d i t ? b

c Furnishing o f goods, s e r v i c e s , o r f a c i l i t i e s ? . . 2cd Payment o f compensation o r payment o r reimbursement o f expenses i f more than 1,000)? de Transfer o f an y p a r t o f i t s income o r assets? 2e

3a D o you make grants f o r s c h o l a rs h i p s , f e l lo w s hi p s , student l o a n s , e t c ? I f Y e s , a t t a c h anexplanation o f h o w you determine t h a t r e c i p i e n t s q u a l i f y t o r e c e i v e payments) 3a

b D o yo u have a s e c t i o n 403(b) annuity plan f o r your employees? bc During t h e y e a r , d i d t h e organization r e c e i v e a c o n t r i b u t i o n o f q u a l i f i e d r e a l p r o p e r t y i n t e r e s t under s e c t i o n 170(h)? 3c

4a D i d you maintain an y separate account f o r p a r t i c i p a t i n g donors where donors have t h e r i g h t t o provide adviceon t h e us e o r d i s t r i b u t i o n o f funds? 4 a Xb D o y ou p r o v i d e c r e d i t counselin g debt manag ement, c r e d i t r e p a i r , o r debt ne g o t i a t i o n services? 4b

Part I V Reason f o r Non- P r i v a t e Foundation Status s e e i n s t r u c t i o n s .T he o r g a n i z a t i o n i s n o t a p r i v a t e foundation because i t i s : (Please check o n l y ONE applicable b o x . )

5 A c h u r c h , convention o f churches, o r association o f churches Section 1 7 0 b ) 1 ) A ) i ) .6 A s c h o o l . Section 1 7 0 b ) 1 ) A ) i i ) . A l s o complete P a r t V . )7 A h o s p i t a l o r a cooperative h o s p i t a l s e r v i c e o r g a n i z a t i o n . Section 1 7 0 b ) 1 ) A ) i i i ) .8 A F e d e r a l , s t a t e , o r l o c a l government o r governmental u n i t Section 1 7 0 b ) 1 ) A ) v ) .9 A medi cal research organization operated i n conjunction w i t h a h o s p i t a l . Section 170 b ) 1 ) A ) i i i ) Enter the h o s p i t a l s name, c i t y ,

an d s t a t e 10 An organization operated f o r t h e b e n e f i t o f a c o l l e g e o r u n i v e r s i t y ow ne d o r o p er at e d b y a governmental u n i t . Section 1 7 0 b ) 1 ) A ) i v ) A l s o complete t h e S u p po rt S c he d ul e P a r t IV-A 1 1 a F] An organization t h a t normally receives a s u b s t a n t i a l p a r t o f i t s support from a governmental u n i t o r from t h e general p u b l i c .Section 1 7 0 b ) 1 ) A ) v i ) . A l s o complete t h e Support Schedule i n P a r t IV-A 1 1 b F] A communi ty t r u s t . Section 1 7 0 b ) 1 ) A ) v i ) . A l s o complete t h e S u p p o rt S c h e du l e i n Part I V - A . )12 An organization t h a t normally receives 1 ) more than 33-113 o f i t s support from c o n t r i b u t i o n s , membership f e e s , an d gross r e c e i p t sfrom a c t i v i t i e s r e l a t e d t o i t s c h a r i t a b l e , e t c , f u n c t i o n s s u b j e c t t o c e r t a i n exceptions, an d 2 ) n o more than 33-1/3 o f i t s supportfrom gross investment i ncome an d unrelated business t a x a b l e i ncome l e s s s e c t i o n 51 1 t a x ) from businesses acquired by t h eorganization a f t e r June 3 0 , 1975. S e e s e c t i o n 5 0 9 a ) 2 ) . A l s o complete t h e Support Schedule i n Part I V - A . )13 An organization t h a t i s n o t c o n tr o l l e d by an y d i s q u a l i f i e d persons o t h e r than foundation man ager s ) a n d supports organizationsdescribed i n : 1 ) l i n e s 5 through 12 above; o r 2 ) s e c t i o n 501 c ) 4 ) , 5) , o r 6 , i f they meet t h e t e s t o f s e c t i o n 5 0 9 a ) 2 ). Check t h ebo x t h a t describes t h e t ype o f supporting o r g a n i z a t i o n : 1 T y p e 1 yp e 2 yp e 3

Provide t h e f o l l o w i n g i n f o r m a t i o n about t h e supported o r g a n i z a t i o n s . (See i n s t r u c t i o n s . ) a ) Name s ) o f supported organization s ) b ) L i n e numbfrom above

See Grantee Schedule Attached

1 4 n organization organized an d operated t o t es t f o r p u b l i c s a f e t y Section 50 9 a ) 4 ) (See i n s t r u c t i o n s . )B AA TEEA 0 4 0 2 0 8 / 0 9 / 0 5 Schedule A (Form 99 0 o r Form 99 0 - F 1 )


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Schedule A or m 99 0 o r 990- EZ) 2005 Donors Capital Fund Inc 54-1934032 Pa gPart IV -A Support Schedule (Complete o n l y i f yo u checked a bo x on l i n e 1 0 , 1 1 , o r 1 2 . ) Us e cash method of accounting. NNote : Yo u may use t h e worksheet i n t h e i n s t r uc t i o n s f o r converting from t h e accrual t o t h e cash method o f accounting.Calendar year or f i s c a l year

a)00 b )0 c ) d ) e )beginning i n ) 2 4 20 3 2002 2001 T o t a l

15 G i f t s , g r a n t s , an d c o n t r i b u t i o n sreceived (Do n o t i n c l u d eunusual g r a n t s . See l i n e 2 8 . 16 Membershi p fees received 17 G r o s s r e c e i p t s f r o m a d m i s s i o n s ,m e r c h a n d i s e s o l d o r s e r v i c e s p e r f o r m e d ,o r f u r n i s h i n g o f f a c i l i t i e s i n a n y a c t i v i t yt h a t i s r e l a t e d t o th e o r g a n i z a t i o n sc h a r i t a b l e , e t c , p u r p o s e18 G r o s s i n c o m e f r o m i n t e r e s t , d i v i d e n d sa m o u n t s r e c e i v e d f r o m p a y m e n t s o ns e c u r i t i e s l o a n s s e c t i o n 5 1 2 a X 5 ) ) ,r e n t s , r o y a l t i e s , a n d u n r e l a t e d b u s i n e s st a x a b l e i n c o m e l e s s s e c t i o n 5 1 1 t a x e s )

f r o m b u s i n e s s e s a c q u i r e d b y t h e o r g a n -i z a t i o n a f t e r J u n e 3 0 , 1 9 7 519 N e t i n co m e f r om u n r e l a t e d b u s i n e s sa c t i v i t i e s n o t i n c l u d e d i n l i n e 1 820 Ta x revenues l e v i e d f o r t h eo r g a n i z a t i o n s b e n e f i t an d

e i t h e r p a i d t o i t o r expendedon i t s b e h a l f2 1 Th e value o f services o r

f a c i l i t i e s furnished t o t h eo r g a n i z a t i o n by a governmentalu n i t w i t h o u t charge D o n o ti n cl u d e t h e value o f s e r v i c e s o rf a c i l i t i e s g e n e r a l l y f u r n i s h ed t ot h e p u b l i c without charg e

22 Other income. A tt ac h aschedule D o n o t i n cl u d egain o r l os s) from s a l e o fca p i t a l assets23 T o t a l o f l i n e s 15 t h r o u g h 22 24 Line 23 minus l i n e 1725 Enter l o f l i n e 2326 Organizations described on l i n e s 10 or 1 1 : a Enter 2 o f amount i n column e) , l i n e 24 26a

b P r e p a r e a l i s t f o r y o u r r e c o r d s t o s h o w t h e name o f a n d a m o u n t c o n t r i u t e d b y e a c h p e r s o n o t h e r t h a n a g o v e r n m e n t a l u n i t o r p u b l i c l ys u p p o r t e d o r g a n i z a t i o n ) w h o s e t o t a l g i f t s f o r 2 00 1 t hr ou gh 2 0 0 4 e x c e e d e d t h e a m o u n t s h o w n i n l i n e 2 6 a . Do n o t f i l e t h i s l i s t w i t h y o u r ---r e t u r n E n t e r t h e t o t a l o f l l t h e s e e x c e s s a m o u n t s b

c T o t a l support f o r s e c t i o n 509(a)(1) t e s t : Enter l i n e 2 4 , column e ) 26cd Add: Amounts from column e ) f or l i ne s : 18 19

22 26b 26 de P u b l i c support l i n e 26 c minus l i n e 26 d t o t a l ) 26ef P u b l i c support p ercenta g e i n e 26 e numerator) divided b y l i n e 26c denominator ) ) 26 f

27 Organizations described on l i n e 1 2 :a For amounts included i n l i ne s 1 5 , 1 6, an d 17 t h a t were received from a d i s q u a l i f i e d p e r s o n , prepare a l i s t f o r your records t o show t h ename o f , an d t o t a l amounts received i n each year f r o m , each d i s q u a l i f i e d p e r s o n . Do not f i l e t h i s l i s t with your r e t u r n . Enter t h e sum o fsuch amounts f o r each y e a r :

(2004) ------------ 2003 ----------2002 ------------ 2001 -------------bFor any amount included i n l i n e 1 7 t h a t was received from each person o t h e r than d i s q u a l i f i e d p e r s o n s ) , prepare a l i s t f o r your records

t o show t h e name o f , an d amount received f o r each y e a r , t h a t was more than t h e l ar g er o f 1 ) t h e amount on l i n e 25 f o r t h e year o r 2 )5,000. I n c l u d e i n t h e l i s t organizations described i n l i n e s 5 through 1 1 b , as w e l l as i n d i v i d u a l s . ) Do not f i l e t h i s l i s t with your r e t u r n .A f t e r computing t h e d i f f er e nc e between the amount received an d t h e l a r g e r amount described i n 1 ) o r 2 ) , e n t er t h e sum o f thesed i f f e r e n c e s t h e excess amounts) f o r each year(2004) ------------ 2003 ------------2002 ------------ 2001 -------------c Add: Amounts from column e ) f or l i n e s 15 16

17 20 2 1 27 cd A dd: L i n e 27 a t o t a l an d l i n e 27 b t o t a l 27de P u b l i c support l i n e 27 c t o t a l minus l i n e 27 d t o t a l ) 27ef T o t a l support f o r s e c t i o n 509(a)(2) t e s t : Enter amount from l i n e 2 3 , column e ) 27 fg Public support percentage l i n e 27 e numerator ) divided by l i n e 27f (denominator)) 27h Investment income p ercenta g e i n e 18 column e ) numerator) divided b y l i n e 27f denominator ) ) 27 h

28 Unusual Grants : For an o r g a n i z a t i o n described i n l i n e 1 0 , 1 1 , o r 12 t h a t received an y unusual grants during 2 001 t hrou gh 2 00 4, p re par el i s t f o r your records t o show, f o r each y ea r , t h e name o f t h e c o n t r i b u t o r , t h e date an d amount o f t h e g r a n t , an d a b r i e f d e s c r i p t i o n o f t h enature o f t h e g r a n t . Do not f i l e t h i s l i s t with your r e t u r n Do n o t i n c l u d e these grants i n l i n e 1 5 .

BAA T E E A 0 4 0 3 0 2 / 0 3 / 0 6 Schedule A (Form 99 0 o r 990-EZ) 2


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Schedule A Form 99 0 o r 990- EZ) 2005 Donors Capital Fund Inc 54 1934032 Pa gP a r t V P r i v a t e School Questionnaire S e e i n s t r u c t i o n s .To be completed ONLY by schools t h a t checked the box on l i n e 6 i n Part I V ) N/A

Ye s 29 Does t h e o r g a n i z a t i o n have a r a c i a l l y nondiscriminatory p o l i c y toward students by statement i n i t s c h a r t e r , bylaws,o t h e r governing i n s t r u m e n t , o r i n a r e s o l u t i o n o f i t s governing body? 2930 Does t h e o r g a n i z a t i o n i n c l u d e a statement o f i t s r a c i a l l y nondiscriminatory p o l i c y toward students i n a l l i t s brochures,catalogues, an d o t h e r w r i t t e n communications w i t h t h e p u b l i c d e a l i n g w i t h student admissions, programs,

an d scholarships?- -30

3 1 Ha s t h e o r g a n i z a t i o n p u b l i c i z e d i t s r a c i a l l y nondiscriminatory p o l i c y through n ewspaper o r broadcast media duringt h e p e r i o d o f s ol i c it a ti o n f o r s t u d e n t s , o r during t h e r e g i s t r a t i o n p e r i o d i f i t ha s no s o l i c i t a t i o n program, i n a w ay t h a tmakes t h e p o l i c y known t o a l l p a r t s o f t h e general community i t serves?- 3 1 - - -

I f Y e s , please d e s c r i b e ; i f N o , please e x p l a i n . I f y ou n e ed more space, a t t a c h a separate statement.)

32 Does t h e o r g a n i z a t i o n maintain t h e f o l l o w i n ga Records i n d i c a t i n g t h e r a c i a l composition o f t h e student body, f a c u l t y , an d a d m i n i s t r a t i v e s t a f f ? 32ab Records documenting t h a t scholarships an d other f i n a n c i a l assistance are awarded on a r a c i a l l ynondiscriminatory basis? . . 32bc Copies o f a l l catalogues, brochures, an nouncemen t s , an d o t h e r w r i t t e n communications t o t h e p u b l i c dealingw i t h student admissions, programs, an d scholarships? 32cd Copies o f a l l m a t e r i a l used by t h e organization o r on i t s b e h a l f t o s o l i c i t c o n t r i b u t i o n s ? 32d

I f yo u answered N o t o an y o f t h e abov e, plea s e e x p l a i n . I f you need more space, a t t a c h a separate statement.)

33 Does t h e o r g a n i z a t i o n d i sc r i m i n a t e b y race i n an y w ay w i t h respect t o :

a S t u d e n t s r i g h t s o r p r i v i l e g e s ? 33a

b Admissions p o l i c i e s ?

c Employment o f f a c u l t y o r a d m i n i s t r a t i v e s t a f f ?

d Scholarships o r o t h e r f i n a n c i a l assistance?

e Educational p o l i c i e s ? . . . . . .

f Us e o f f a c i l i t i e s ? 33 f

g A t h l e t i c programs? . . 33

h Other e x t r a c u r r i c u l a r a c t i v i t i e s ? . 3 3h

I f you answered Yes t o an y o f t h e above please e x p l a i n I f you need more space a t t a c h a separate statement.)

34a Does t h e organization receive an y f i n a n c i a l a i d o r assistance from a governmental agency? 34a

b Ha s t he o r g a n i z a t i o n s r i g h t t o such a i d ever been revoked o r s uspended ? . . 34bI f you a n s w ered Yes t o e i t h e r 34a o r b please explain u s i n g an attached statement.

35 Does t h e o r g a n i z a t i o n c e r t i f y t h a t i t h as c ompl i ed w i t h t h e a pp l i c a b l e requirements o fs e c t i o n s 4 . 0 1 through 4.05 o f Rev Proc 7 5 5 0 , 1975 2 C.B. 58 7 covering r a c i a lnondiscrimination ? I f N o , a t t a c h an e x p l a n a t i o n . 35

BAA O a / 0 8 / 0 5 Schedule A Form 99 0 o r 990-EZ) 2


13/24

Schedule A or m 99 0 o r 990- EZ) 2005 Donors Capital Fund Inc 54-1934032 PaPart Vl - Lobbying Expenditures by Electing Public Charities ( S e e i n s t r u c t i o n s . )(To be completed ONLY by an a i g i b l e o r g a n i z a t i o n t h a t f i l e d Form 5768)Check a i f t h e o r g a n i z a t i o n belon g s t o an a f f i l i a t e d g r o u p Check b fl i f you checked a and l i m i t e d - c o n t r o l p r o v i s i o n s a p p l y

L i m i t s on Lobbying Expenditures A f f i l i a t e d group T o be completed( T he t erm e xp e n d i t u r e s means amounts p a i d o r i n c u r r e d . ) t o t a l s f o r AL L e l e c t i n go r g a n i z a t i o n s

36 T o t a l l o b b y i n g expenditures t o i n f l u e n c e p u b l i c o p i n i o n ( g ra s s r oo t s l o b b y i n g ) 3637 T o t a l l o b b y i n g expenditures t o i n f l u e n c e a l e g i s l a t i v e body ( d i r e c t l o b b y i n g ) 3738 T o t a l l o b b y i n g expenditures (add l i n e s 3 6 and 3 7 ) 3839 Other exempt purpose expenditures . . . . 3940 T o t a l exempt purpose expenditures (add l i n e s 38 and 3 9 ) 40

- 4 1 Lobbying nontaxable amount. Enter t h e amount from t h e f o l l o w i n g t a b l e - -I f th e amount on l i n e 40 i s - T he lobbying nontaxable amount i s -Not over 500,000 20 o f t h e amount on l i n e 40O v er 5 0 0 ,0 0 0 b u t t o ve r 1 , 0 0 0 , 0 0 0 . . 1 0 0 , 0 0 0 p l u s 15 o f t h e e xc e s s o ve r 5 0 0 , 0 0 0O v e r 1, 0 00 , 00 0 b u t n o t o ve r 1 , 5 00 , 0 0 0 1 7 5 , 0 0 0 p l u s 10 o f t h e e x c e s s o v e r 1 , 0 0 0 , 0 0 0 41O v e r 1 , 50 0 , 00 0 b u t n o t o ve r 1 7 , 0 0 0 , 0 0 0 . . 2 2 5 , 0 0 0 p l u s 5 o f t h e e xc e s s o ver 1 , 50 0 , 00 0Over 17,000,000 1,000,000

42 Grassroots nontaxable amount ( e n t e r 25 o f l i n e 41) 4243 Subtract l i n e 42 from l i n e 3 6 . Enter - 0 - i f l i n e 42 i s more than l i n e 36 4344 Subtract l i n e 4 1 from l i n e 3 8 . Enter - 0 - i f l i n e 4 1 i s more than l i n e 38 44

Caution I f t h e r e i s an amount on e i t h e r l i n e 43 o r l i n e 4 4 , you must f i l e Form 4720.4 - Y e a r Averaging P e r i o d Under S e c t i o n 5 0 1 ( h ) ome organizations t h a t made a s e c t i o n 501(h) e l e c t i o n do n o t have t o complete a l l o f t h e f i v e columns b e l o w .S ee t h e i n s t r u c t i o n s f o r l i n e s 45 through 5 0 . )

Lobbying Expenditures During 4 -Year Averaging Period

Calendar year a ) ( b ) ( c ) ( d ) ( e )( o r f i s c a l year 2005 2004 2003 2002 T o t a lb e g i n n i n g i n )

45 Lobbying nontaxableamount46 L o b b y i n g c e i l i n g a m o u n t

150 o f l i n e 4 5 ( e ) )47 T o t a l l o b b y i n ge x p e n d i t u r e s48 Grassroots non-taxable amount49 G r a s s r o o t s c e i l i n g a m o u n t150 o f I m e e )5 0 G r a s s r o o t s l o b b y i n ge x p e n d i t u r e sPart V l B Lobbying A c t i v i t y by Nonelectin g Public Charities

( F o r r e p o r t i n g o n l y by organizations t h a t d i d n o t complete Part VI-A) (See i n s t r u c t i o n s ) N/ADuring t h e y ea r , d i d t h e organization attempt t o i n f l u e n c e n a t i o n a l , s t a t e o r l o ca l l e g i s l a t i o n, i n c l u d i n g anyattempt t o i n f l u e n c e p u b l i c opinion on a l e g i s l a t i v e matter o r referendum, through t h e use o f : Y es N o Amount

a Volunteersb Paid s t a f f o r management ( I n c l u d e compensation i n expenses reported on l i n e s c through h . )c Media advertisementsd Mailings t o members, l e g i s l a t o r s , o r t h e p u b l i ce P u b l i c a t i o n s , o r published o r broadcast statementsf Grants t o o t h e r organizations f o r l o b b y i n g purposes . . . . .g D i r e c t contact w i t h l e g i s l a t o r s , t h e i r s t a f f s , government o f f i c i a l s , o r a l e g i s l a t i v e bodyh R a l l i e s , demonstrations, seminars, conventions, speeches, l e c t u r e s , o r any o t h e r means T o t a l lobbying expenditures (add l i n e s c through h . )

I f Y e s t o any o f t h e above, a l s o a t t a c h a statement g i v i n g a d e t a i l e d d e s c r i p t i o n o f t h e l o b b y i n g a c t i v i t i e s .BAA Schedule A (Form 990 o r 990-EZ)

TEEA0405 0 8 / 0 8 / 0 5


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_ Schedule A Form 99 0 o r 990- EZ 2005 Donors Capital Fund Inc 54 1934032 PagPart V I I Information Regarding Transfers T o and Transactions an d Relationships With Noncharitable

Exempt Organizations S e e i n s t r u c t i o n s5 1 Did t h e r e p o r t i n g organization d i r e c t l y o r i n d i r e c t l y engage i n an y o f t h e f o l l o wi n g w i t h an y o t h e r o r g an i z at i o n described

o f t h e Code o t h e r than s e c t i o n 501 c ) 3 ) o r g a n i z a t i o n s ) o r i n s e c t i o n 527, r e l a t i n g t o p o l i t i c a l organizations?i n s e c t i o n 501 c

a Transfers from t h e r e p o r t i n g o r g a n i z a t i o n t o a noncharitable exempt organization o f : Ye s N Cash 51 a X H ) O t h e r a s s e t s . . a X

b Other transactions i ) S a l e s o r exchanges o f assets w i t h a noncharitable exempt organization b i X H Purchases o f assets from a noncharitable exempt o r g a n i z a t i o n b i i X H i ) R e n t a l o f f a c i l i t i e s , equipment, o r o t h e r assets b i i i Xv Reimbursement arrangements b r v X v Loans o r l o a n guarantees b v Xvi Performance o f s e r v i c e s o r membership o r f u n d r a i s i n g s o l i c i t a t i o n s b v i X

c Sharing o f f a c i l i t i e s , equipment, m a i l i n g l i s t s , o t h e r a ss e ts , o r p a i d employees c Xd I f t h e answer t o an y o f t h e above i s Y e s , complete t h e f o l l o w i n g schedule. Column b ) should always show t h e f a i r mat h e goods, o t h e r a ss e t s , o r s e r v i c e s given by t h e r e p o r t i n o r g a n i z a t i o n . I f t h e organization received l e s s than f a i r markan y t r a n s a c t i o n o r sharing arran g ement, show i n column d t h e value o f t h e oods, o t h e r a s se t s , o r s e r v i c e s received

r k e t valuee t value i n o f

a )Line n o . b )Amount i n v o l v e d c )Name o f noncharitable exempt organization d ) e s r i p t i o n o f t r a n s f e r s , t r a n s a c t i o n s , a n d s h a r i n g a r r a n g e m e n t s

52a I s t h e organization d ir e ct l y o r i nd ir ec tl y a f f i l i a t e d w it h , o r r e l a t e d t o , on e o r more tax-exempt organizationsdescribed i n s e c t i o n 501 c ) o f t h e Code o t h e r than s e c t i o n 501 c ) 3 ) ) o r i n s e c t i o n 527? W Ye s X] N

T E E A D 4 0 6 0 8 / 0 8 / 0 5BAA Schedule A Form 99 0 o r 99 0 - F 1 ) 2


15/24

Form 9 9 0 Schedule of Gains a nd Lo ss es f r om 2005L i n e 8 A and 8 B Sale of Assets Other than Inventory

Statement A t t a c h t o r e t u r nName Employer I d e n t i f i c a t i o n NumberDonors Capital Fund Inc 54 1934032

P a r t L i n e 8 Column A SecuritiesP u b l i c S e c u r i t i e s

D e s c r i p t i o nGross

Sales P r i c e B a s i s

Publicly Traded Securities 1 718 309. Cost 1 614 502.S e ll i n g E x p ensesBasis 1, 614, 502.

Nonpublic S e c u r i t i e s

D e s c r i p t i o nDate A c q u i r e dand Method

Date S o l dand t o Whom

GrossSales P r i c e

C o st , o t he r b a s i s o rFMV when donated S t a t e which on t o p

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

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

Total Securities 1 718 309.1 1, 614, 502.

Gain or Loss) f r o m Sale of Securities 103 807.

P a r t Line 8 Column B Other Assets

D e s c r i p t i o nDate Acquiredand Method

Date S o l dand t o Whom

GrossSales P r i c e

C o s t , o t h e r b a s i s o rFMV when donated

CostD e p r e c i a t i o n B a s i s - - Donation FMVCostD e p r e c i a t i o n

- B a s i s Donation FMVCost

D e p r e c i a t i o n - B a s i s Donation FMVCostD e p r e c i a t i o n

B a s i s - Donation FMVT o t a l Other Assets

Gain o r Loss) from S a l e o f Other AssetsTEEW02015CR 1 0 / 2 7 1 0 5


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Donors C a p i t a l Fund, I n c 54-1934032Form 990, Page 1 L i n e 7Other Investment Income StatementOther investment income d e s c r i b eMisc income from investments 62.Inv income subject to UBIT 192 914.Inv income not subject to UBIT 1 650 275.T o t a l 1 843 251.

Form 990, Page 5 - Part V-AL i s t o f O f f i c e r s , E t c . Statement

AName an d address

Kris Alan Maurenc/o the organization

William H Mellorc/o the organization

Stephen Moorec/o the Organization

John Von Kannonc/o the Organization

B )T i t l e an d

average h ou rs p erweek devoted

t o p o s i t i o n

Board Member2.5

Board Member2 5

Board Member2 5

Board Member2.5

CCompensation

i f no t p a i d ,enter - 0 -

0.

0.

0.

0.

DContributionst o employeeb e n e f i t plansan d deferredcompensation

0.

0.

0.

0.

EExpenseaccountan d o t h e rallowances

0.

0.

0.

0.

Form 990, Page 4 , Part I V , L i n e 54Investments Securities Statement

L i n e 54 - Investments S e c u r i t i e s :Beginning End o f

o f Year Year

Investment i n Caxton LLC 16 893 968. 16 539 845.Investment i n publicly traded securities 13 046 796. 12 693 603.T o t a l 29 940 764. 29 233 448.

Explanation Statement

Form L i n e : Form 990 Part V-A line 75cExplanation o f : Receipt o f Compensation from Other CompaniesWhitney L. Ball PO Box 1305, Alexandria VA 22313 received compensation of91 370 contributions to employee benefit plans of 14 000 and expenseand other allowances of 0, from Donors Trust Inc., EIN 52-2166327.Donors Trust Inc. is an exempt organization supported by the organization.


17/24

Donors a p i t a l Fund, I n c 54-1934032 2

Supporting Statement o f

Form 990 p 1/Line 7 Amount 2Description Amount

Caxton Select LLC income subject to UBIT 192 914.T o t a l 192 914.


Form 990 p 1/Line 7 Amount 3

Description AmountCaxton Select LLC income not subject to UBIT 1 650 275.

T o t a l 1, 65 0, 2 75 .


Form 990 p 1/Line 20Description Amount

Unrealized loss on security investments 144 999.

T o t a l 144 999.

Supporting Statement oForm 990 p 2/Line 22 Cash

Description AmountSee grant schedule attached 11 199 797.

T o t a l 11, 199, 7 97 .

Supporting Statement o

Form 990 p 2/Line 22 column BD e s c r i p t i o n Amount

See grant schedule attached 11 199 797.

T o t a l 11 199 797.


18/24

Donors a p i t a l Fund, I n c 54-1934032 3


Form p 4/Line 60, column A

Description AmountTaxes payable 68,700.T o t a l 68,700.


Form p 4/Line 60 , column B

Description AmountTaxes payable 66,686.

T o t a l 66,686.


Form 990 p 5/Part IV-A, Line b l

Description Amount

Unrealized loss on security investments -144,999.

T o t a l -144,999.


Gain or Loss Statement/Public sales price

Description Amount

Gross proceeds from sale of var publicly traded se c s 1,718,309.T o t a l 1,718,309.


Gain or Loss Statement/Public cost amountDescription Amount

Adjusted basis of publicly traded secs sold 1,614,502.

T o t a l 1,614,502.


19/24

Donors C a p i t a l Fund I n c .

Conservative Union Fdn.F i g h t i n g Malaria

P o l i c y I n s t i t u t eE n t e r p r i s e I n s t i t u t eFor Ltmd Gov. R e s . Fndtnf o r P r o s p e r i t y Foundation

Economic Research F d t n .I n s t f o r Pub. P o l . S o l u t i o n s

G i r l s C lub of Martin CountyOrg. OfA New Destiny

Research CenterI n s t i t u t e

f o r I n d i v i d u a l R i g h t ser For I s l a m i c Pluralism

of t h e American ExperimentBooth Luce P o l i c y I n s t i t u t e

I n s t i t u t eClub F o u n d a t i o n

Fo r A Constructive TomorrowFound. f o r P ub P o l .

CollegeT r u s t

Allen I n s t i t u t eFreedom FoundationS o c i e t y

Found. f or I n di v. RightsB a p t i s t Church of Geneva

A t l a s ProductionsMason Univ F n d t n I n c .

I n s t i t u t eI n s t i t u t e of Hawaii

P l a i n s P u b l i c P o l . I n s t i t u t eI n s t i t u t e

Foundation

2005 Form 99 0 E I N : 54-193403Grantee Address Grant Amount1 0 0 7 Cameron S t r e e t A l e x a n d r i a VA 22314 1 0 0 0 . 02600 P e n n s y l v a n i a A v e N.W. A l e x a n d r i a VA 22314 7 5 0 0 0 . 040 2 O f f i c e P a r k D r i v e 7 a W a s h i n g t o n DC 20037-1609 2 0 0 0 0 . 01 1 5 0 1 7 t h S t r e e t NW W a s h i n g t o n DC 20036 1 5 0 1 0 0 0 . 024 0 Waukegan R o a d W a s h i n g t o n DC 20036 3 1 5 0 0 0 0 . 018125 West P l a t e a u Lane New B e r l i n WI 53146 25 000.020 0 N o r t h 1 4 t h S t r e e t A r l i n g t o n VA 2 2 2 0 1 2 0 0 0 . 040 0 E a s t Main Avenue A r l i n g t o n VA 2 2 2 0 1 5 0 0 0 0 . 01 1 5 0 0 SE L a r e s A v e . Hobe S o u n d FL 33475 1 0 0 0 0 . 0PO Box 3 5 0 9 0 Los A n g e l e s CA 90035-0090 1 2 0 0 0 . 01 5 1 3 1 6 t h S t r e e t N.W. W a s h i n g t o n DC 20036 2 0 0 0 . 01 0 0 0 M a s s a c h u s e t t s A v e n u e N . W W a s h i n g t o n DC 20001-5403 1 3 2 5 0 0 . 01233 20th S t r e e t N . W . Washington DC 20001-5403 1 0 0 0 . 01 7 1 1 M a s s a c h u s e t t s A v e . NW S u i t e 3 0 0 W a s h i n g t o n DC 20036 1 0 0 0 0 0 . 01 2 S o u t h 6 t h S t r e e t 6 2 6 W a s h i n g t o n DC 20036 1 5 0 0 0 0 . 01 1 2 E l d e n S t r e e t 1 0 2 4 M i n n e a p o l i s N 55402 1 0 0 0 . 093 7 F o o t h i l l B l v d . S u i t e P H e r n d o n VA 20170 1 0 0 0 . 02 1 S o u t h C l a r k S t r e e t S u i t e E C l a r e m o n t CA 9 1 7 1 1 1 0 0 0 0 . 0PO B ox 6 5 7 2 2 W a s h i n g t o n DC 20035 5 0 0 0 . 02 2 5 S t a t e S t r e e t W a s h i n g t o n DC 20035 1 0 0 0 0 0 . 06 1 9 1 C o l l e g e S t at i on D r i v e W i l l i a m s b u r g KY 40769-1372 1 0 0 0 0 . 01 1 1 North Henry S t r e e t A l e x a n d r i a V 22314 25 000.04836 K i r b y Mountain R o a d C o n c o r d VT 05824 5 0 0 0 0 . 0P . O . B ox 5 5 2 Olympia W 98507 151 500.01 0 1 5 1 8 t h S t r e e t NW W a s h i n g t o n DC 20036 5 0 0 0 0 0 . 021 0 West Washington Square Washington DC 20036 1 0 0 0 0 . 017012 O ak Grove Hill C o u r t O r l a n d o FL 32820 3 0 0 0 . 01 7 6 W8 7 t h S t r e e t O r l a n d o FL 32820 9 0 0 0 . 03 301 N . F a i r f a x Drive 5163 A r l i n g t o n VA 22201 150 000.0500 E a s t Coronado R o a d P h o e n i x AZ 85004 1 5 1 0 0 0 . 01 3 1 4 S o u t h King S t r e e t P h o e n i x AZ 85004 5 0 0 0 0 . 02 31 S ou t h P h i l l i p s A v e n u e 1 1 6 3 H o n o l u l u HI 96 81 4 5 0 0 0 0 . 0 01 9 S La S a l l e S t r e e t B ox 8 8 1 3 8 S i o u x F a l l s SD 57109 5 5 0 4 2 7 . 0 021 4 Massachusetts Avenue N . E . Washington DC 20002 7 5 0 0 . 0 0


20/24

Donors C a p i t a l Fund I n c .Family Roman C a t h o l i c Church

I n s t i t u t eCancer Research C t r

P o l i c y I n s t i t u t eTaxpayer Educ. F d t n .

I n s t i t u t ef o r J u s t ic e

Madison I n s t i t u t eFoundation

I n s t i t u t eCommunity SchoolHeritage P o l i c y Center

I n s t i t u t ePublic P o l i c y I n s t i t u t e

FoundationResearch Center

S l o a n - K e t t e r i n g H o s p i t a lCenter at GMU

OperaCntr For P u b li c P o li c y

America ForwardS t a t e s Legal Foundation

Legal P o l i c y CenterReview I n s t i t u t eRight t o Work F d t n .Taxpayers Union Foundation

P o l i c y Research I n s t i t u t eK Council of P u b l i c A f f a i r s

Nation Under God FoundationLegal FoundationR . C h i t e s t e r FundFoundation

C t r f o r Grassroots C mnty A l t r n t v e sMe I n s t i t u t eCarolina P o l . Cncl Educ. F n d t n .

2005 Form 99 0 EIN 54-1934035125 S Apopka-Vineland R o a d , O r l a n d o , FL 32819 5 , 0 0 0 . 0 01015 1 5 TH STREET NW Orlando FL 32819 400 000.01100 Fairview Avenue N o r t h , SIXTH FLOOR WASHINGTON DC 20005 2 500.07 18 S ou th 7 t h S t r e e t , PO Bo x 19024 S e a t t l e , W 98109-1024 50 000.040 7 S. Dearborn 3 0 5 , S p r i n g f i e l d , IL 62703 1 0 , 0 0 0 . 01 3 9 5 2 Denver West P a r k w a y , S TE 1 1 7 0 , C h i c a g o , I L 60605 2 0 0 , 0 0 0 . 01 7 1 7 P e n n s y l v a n i a A v e n u e , N.W. S u i t e 4 0 0 , G o l d e n , CO 8 0 4 0 1 1 0 1 , 0 0 0 . 0 0POBox 3 7 4 6 0 , T a l l a h a s s e , F L 32315-7460 1 5 0 , 0 0 0 . 0240 Waukegan R o a d , , T a l l a h a s s e , FL 32315-7460 9 0 0 , 0 0 0 . 01 1 0 1 N o r th H i gh l an d S t r e e t A r l i n g t o n , VA 2 2 2 0 1 5 , 0 0 0 . 0

1 , 0 0 0 . 0 Box 7 8 2 9 , P o r t l a n d , ME 04112 5 0 , 0 0 0 . 05 2 V a n d e r b i l t A v e , 2nd F l o o r , New Y o r k , NY 1 0 0 1 7 5 0 , 0 0 0 . 0 Box 1 9 5 , Germantown M 2 0 8 7 5 - 0 1 9 5 5 0 , 0 0 0 . 04500 Sa n P a b l o R o a d , J a c k s o n v i l l e , FL 32224 2 5 , 0 0 0 . 03 2 5 S o u t h P a t r i c k S t r e e t A l e x a n d r i a , VA 22314 9 , 0 2 0 . 01275 York A v e . , New York NY 10021 2 500.03 3 0 1 N o r t h F a i r f a x D r i v e , , New Y o r k , NY 1 0 0 2 1 1 , 0 0 0 . 0L i n c o l n C e n t e r , New Y o r k , NY 1 0 0 2 3 6 , 5 0 0 . 0POBox 1 35 1 4, J a c ks o n , MS 39236 1 5 , 0 0 0 . 0POBOX 1 4 9 7 , SACRAMENTO CA 95812 1 0 , 1 0 0 . 070 7 Seventeenth S t . , , SACRAMENTO CA 95812 6 000.010 7 PARK WASHINGTON CT FALLS CHURCH VA 22046 6 000.021 5 Lexington Avenue New York NY 10016 50 000.08 0 0 1 Braddock R o a d , , New Y o r k , NY 1 0 0 1 6 5 0 , 0 0 0 . 01 0 8 N . A l f r e d S t r e e t A l e x a n d r i a , VA 22314-3032 - 2 0 0 , 0 0 0 . 02077 E a s t S a h a r a Avenue A l e x a n d r i a , VA 22314-3032 1 0 , 0 0 0 . 01 4 0 1 N o r t h L i n c o ln B o u le v a rd , Oklahoma C i t y , OK 7 3 1 0 4 - 2 8 0 1 5 0 , 0 0 0 . 041 4 N . O r l e a n s P l a z a , S TE 3 1 2 , C h ic a g o, I L 60610 1 0 , 0 0 0 . 01 0 3 6 0 Old P l a c e r v i l l e R o a d , , C hi c a go , I L 60610 2 , 5 0 0 . 01 5 0 2 P o w e l l A v e . , r i e PA 1 6 5 0 5 4 0 0 , 0 0 0 . 03415 South Sepulveda Boulevard E r i e , PA 16505 100 000.01 6 2 0 G e r v a s S t r e e t S u i t e 4 0 0 , Los A n g e l e s , CA 90034 1 0 0 , 0 0 0 . 06 3 5 M a r y v i l l e C e n t e r D r i v e , B , C o l u m b i a , S C 2 9 2 0 1 5 0 , 0 0 0 . 01 3 2 3 P e n d l e t o n S t r e e t C o l u m b i a , SC 2 9 2 0 1 7 0 0 , 0 0 0 . 0 0


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Donors C a p i t a l Fund, I n c

Jude Maronite C a t h ChurchM a r y of t h e AngelsMatthew School

P o l i c y Networka r ds o f t h e Range

Governmental A f f a i r s ProgramI n s t i t u t e

P u b l i c Policy FoundationCenter f o r Policy Research

S T e r m Limits FoundationI n s t i t u t e For P u b l i c P o l i c y

Legal FoundationI n s t i t u t e f o r Pub. P o l S t u d i e sAmerica's Foundation

2005 Fo r m 99 05555 D r P h i l l i p s B l v d O r l a n d o FL 328196316 M a tc h e tt R o a d O r l a n d o FL 328092 2 1 S E W a l n u t H i l l s b o r o OR 971236255 A r l i n g t o n Blvd Richmond C 94805PO B ox 4 9 0 M e r i d i a n ID 83680-04902435 N C e n t r a l Expressway M e r i d i a n ID 83680-0490150 E a s t S o c i a l H a l l Avenue, S u i t e 300 D a l l a s TX 75080-275390 0 Congress Avenue 6 5 0 S a l t Lake C i t y UT 8 4 1 1 1 - 15 69PO B ox 121331, Nashville TN 3 7 21 224 0 Waokegan A v e N a s h v i l l e TN 372127326 E RLY M RKER COURT, GA INE SVIL L E , V 201552009 M a s s a c h u s e t t s A v e n u e NW W a s h i n g t o n DC 20036PO B ox 260660 H a r t f o r d CT 061261 1 0 E l d e n S t r e e t H a r t f o r d CT 06126

E I N : 5 4 - 193 40 3

2 1 0 0 0 05 0 0 0 05 0 0 0 0

7 6 0 0 0 01 0 0 0 05 0 0 0 0

5 0 0 0 0 02 0 0 0 0 0 05 0 0 0 0 0

1 4 2 0 0 0 02 5 0 0 0 06 0 0 0 0

157,750.012,000.0

Total Grants 11,199,797.00


22/24

A d d i t i o n a l Information For Ta x ReturnDo n o r s C a p i t a l Fund I n c 54 19340

F o r m 990_E 3 : cco plishments aFORM 990 P RT a ST TEMENT OFPRIM RY EXEMPT PURPOSE

Support o f o r g a n i z a t i o n s d e s c r i b e d i n I n t e r n a l R e ve n u e C o d e s e c t i o n s 5 0 9 a ) 1 ) a n d 5 0 9 a ) 2 ) , which a l l e v i a t e ,through e d u c a t io n , r e s e a rc h a nd p r i v a t e i n i t i a t i v e s , s o c i e t y s most p e r v a s i v e a nd r a d i c a l n e e d s , i n c l u d i n g t h o s er e l a t i n g t o s o c i a l w e l f a r e , h e a l t h , environment economics governance f o r e i g n r e l a t i o n s , and a rt s a n d c u l t u r e ; awhich enc ourage philanthropy a nd i n d i v i d u a l g i v i n g a n d r e s p o n s i b i l i t y a s an answer t o s o c i e t y s n e e d s , a s oppost o governmental involvement.


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iCert mail 7006 0100 0003 6526 9243

Form8868 Re v 12-2004 Donors Capital Fund Inc 54-1934032 Pa e2 I f yo u a r e f i l i n g f o r an A d d i t i o n a l no t automatic 3-Month Extension complete only P a r t I I an d check t h i s box

Note . Only complete P a r t I I i f y ou h av e a l r e a d y been granted an automatic 3-month e x t e n s i o n on a p r e v i o u s l y f i l e d For m 8 8 6 8 . I f ou a r e f i l m f o r an Automa t i c 3-Month Extension com p l e t e on ly P a r t I o n pag e 1 P a r t I I A d d i t i o n a l not automatic 3-Month Extension o f Time - Mus t F i l e O r i g i n a l and One Copy .

Name o f E x e m p t Orgaruration Employer i d e n t i f i c a t i o n n u m be r

Type o r p r i n t Donors Capital Fund In c 54-1934032N um ber, s t r e e t , an d room o r s u i te num ber. I f a P o b o x . se e i n s t r u c t i o n s F o r IRS us e o n l y

F i l e by t h eextendedd u e d a t e f o rf i l i n g l i n e P.O. Box 1305 f er e t u r nn s t r u c t i o n s i t y . town o r p o s t o f f i c e , s t a t e . an d ZIP c o d e . For a f o r e i g n address, se e i n s t r u c t i o n s .

Alexandria VA 22313Check type o f r e t u r n t o b e f i l e d F i l e a se p a r a t e a p p l i c a t i o n f o r each r e t u r n ) .

Form 990 Form 990-T s e c t i o n 401 a) o r 408 a) t ru s t ) For m 5227Form 990-BL Form 990-T t r u s t o t h e r t h a n above) For m 6069Form 990-EZ Form 1041-A Form 8 8 70

STOP: Do no t complete P a r t 1 1 i f y ou w er e no t already granted an auto matic 3-month extension on a previously f i l e d F o r m 8 8 6 8 . Th e books a r e i n c a r e o f Donors Capital Fund Inc . _ _TelephoneNo. 703J_535_3563_____- FAX No . _________ ___ I f t h e o r g a n i z a t i o n does no t have an o f fi ce o r place o f business i n t h e U n i t e d S t a t e s , check t h i s box fl I f t h i s i s f o r a Gr o u p Return , e n t e r t h e o r g a n i z a t i o n s f o u r d ig it Group Exemption N u m be r GEN) I f t h i s i s f o r t h e

whole g r o u p , check t h i s box I f i t i s p a r t o f t h e g r o u p , check t h i s box 1 1 an d a t t a c h a l i s t w it h t h e n ame s an d EINs o f a l lm e m b e r s t h e e x t e n s i o n i s f o r .

4 I r e q u e s t an a d d i t i o n a l 3-month e x t e n s i o n o f t i m e u n t i l Nov 15 20 06 .5 For calendar y e a r 200_5 o r o t h e r t a x year b e g i n n i n g - _ _ 20 an d ending 20--.6 I f t h is t ax y e a r i s f o r l e s s than 1 2 months, check r e a s o n I n i t i a l ret u rn - 11 F i na l r et u rn Change i n a c c o u n t i n g p e r i o d7 S t a t e i n d e t a i l why y ou n ee d t h e e x t e n s i o n Taxpayer recently received-the-results-of _

i t s 2005 financial audit and needs-additional time t o reare a_complete_and_ _ _ _ _ _ _ - -- - - accurate return Taxpaver_is also_awaiting_a from K 1 -_ _ i s - f o r - F o r m -li-cation- - 990-BL, 990-PF, 9 9 0 - T , 4720, o r 6069, e n t er t h e t e n t a t i v e t ax , l e s s an y8 a I f t h i s - a p p -nonrefundable c r e d i t s . See i n s t r u c t i o n s 0.b I f t h i s a p p l i c a t i o n i s f o r For m 990-PF, 9 9 0 - T , 4720, o r 6069, e n t e r an y r e f u n d a b l e c r e d i t s an d estimated t a xpayments made I n c l u d e an y p r i o r year overpayment a ll ow ed a s a c r e d i t an d an y amount p a i d p r e v i o u s l y w i t hForm 8 8 68 0.c Balance Du e . S u b t r a c t l in e 8 b from l in e Ba . I n c l u d e y o u r payment w i t h t h i s f o r m , o r , i f r e q u i r e d , d e p o s i t w i t hFT D coupon o r i f r e q u i r e d , b y u s i n g EFTPS E l e c t r o n i c F e d e r a l Ta x Payment System). See i n s t r u c t i o n s . 0.S i g n a t u r e an d V e r i f i c a t i o n

Under p e n a l t i e s o f p e r j u r y , I d e c l a r e t h e have examined t h s form . i n c l u d i n g accompanying sdleduies an d statements . an d to t h e b e s t o f my knowledge an d b e l i e f i t i s tr u e ,c o r r e c t . g nd complete . an d t h a ) 1 a r y p f i o nz y d to pare th rms , T r u e Attorney D a t a 08/15/06

/Noticeo Applicant - To be Completed by t he IR S17 We have a r ed h i s a p p l a t l o n . Please a t t a c h t h i s form to t h e o r g a n i z a t i o n s r e t u r n .

We have no t approved t h i s a p p l i c a t i o n However we have g r a n t e d a 1 0 day grace p e r i o d from t h e l a t e r o f t h e date shown below o r t h edue d a t e o f t h e o r g a n i z a t i o n s r e t u r n i n c l u d i n g an y p r i o r e x t e n s i o n s . T h i s grace p e r i o d i s considered to be a v a l i d e x t e n s i o n o f t i m e f o re l e c t i o n s o t h e r w i s e r e q u i r e d to be m a d e on a t i m e l y f i l e d r e t u r n . Please a t t a c h t h i s form to t h e o r g a n i z a t i o n s r e t u r n .e have no t approved t h i s a p p l i c a t i o n . A f t e r c o n s i d e r i n g t h e reasons s t a t e d i n i t e m 7 we cannot g r a n t your r e q u e s t f o r an e x t e n s i o n o 1t i m e t o f i l e . We a r e n o t g r a n t i n g a 10-day grace p e r i o d .

R We cannot consider t h i s a p p l i c a t i o n because i t was f i l e d a f t e r t h e extended due date o f t h e r e t u r n f o r which an e x t e n s i o n was r e q u e s t e d .o m e n . RTENSION A P PD DateA l t e r n a t e M a i l i n g Address - Enter t h e address i f you want t h e copy o f t h i s a p p l i c a t i o n f o r an a d d i t i o n a l 3-month e x t e n s i o n retume Pn. q r l r t r o e c r l i f f o r a n t than t he o n e ente red above. 0 R 2

Charitable Entity Administration LLC , F I E L DType o r N um n a n d s t r e e t I nclude s u i t e r o o m or apartment n u m b e r or a P . O . b ox n u m be r rvilp r i n t 2009 14th S t N 410

c i t y o r town p r o v f n c u o r s l a t s an d c o u nt r y nduding p o s ta l o r Z IP c o d e)Arlington VA 22201-2514

BAA F I F Z D 5 0 2 011W05 Form 8 8 6 8 Rev 1 2 - 2 0 0 4 )


24/24

FormR e v December 2 0 0 4 )

Department o f t h e TreasuryI n t e r n a l Revenue Service

Application f o r Extension o f T i m e to F i l e anE x e mpt Organization Return

Name of E x e m pt Organization

f o r each r e t u r n I f you ar e f i l i n g f o r an A u t o m at i c 3 -M onth Extension complete only P a r t I an d check t h i s box I f you ar e f i l i n g f o r an Additional no t automatic 3-Month Extensi on complete only Part l l o n page 2 o f t h i s f o r m ) .Do no t complete Part / l unless you have already been granted an automatic 3-month extension on a p r e v i o u s l y f i l e d Form 8868P a r t I Automatic 3-Month Extension o f Time - Only s u b m i t o r i g i n a l n o c o p i e s needed)For m 990 - T corporations requesting an automatic 6-month extension - check t h i s box and complete P a r t I o n l y A l l o t h e r corporations i n c l u d i n g For m 990-C f i l e r s ) must us e For m 7004 t o request an extension o f time t o f i l e i n c o m e t a x r e t u r n s .P a r t n e r s h i p s , R MI s and t r u s t s m u s t us e Form 8736 t o request an extension o f time t o f i l e Form 1 0 6 5 , 1 0 6 6 , o r 1 0 4 1 .Electronic F i l in g e - f i l e . Form 8868 can be f i l e d e l e c t r o n i c a l l y i f you want a 3-month automatic extension o f time t o f i l e one o f t he r e tu r n s notedbelow 6-months f o r corporate Form 990-T f i l e r s . H o we ve r , y o u cannot f i l e i t e l e c t r o n i c a l l y i f yo u want t h e a d d i t i o n a l n o t automatic) 3-monthe x t e n s i o n , i n s t e a d you must submit t h e f u l l y completed signed page 2 P a r t I I of-Form 8868. For m o r e d e t a i l s on t h e e l e c t r o n i c f i l i n g o f t h i sf o r m , v i s i t www r s g o v / e f i l e

Type orp r i n tF i l e b y t h edue date f o rf i l i n g yourr e t u r n S e ei n s t r u c t i o n s

Donors Capital Fund, IncNu m b e r , s t r e e t an d r o o m o r s u i t e num b e r I f a P 0 bo x se e i n s t r u c t i o n sP . O . Box 1305

OMB No 1545-1709

E m pl o ye r i d e n t i f i c a t i o n number

54-1934032

C i t y , town o r post o f f i c e For a f o r e i g n address, se e i n s t r u c t i o n s s t a t e ZI P codea VA 22313

Che ck type o f r e t u r n t o b e f i l e d f i l e a separate a p p l i c a t i o n f o r each r e t u r n )X Form 990 For m 990-T c o r p o r a t i o n ) Form 4720Form 990-BL For m 990-T s e c t i o n 401 a) o r 408 a) t r u s t ) Form 5 2 2 7

Form 990-EZ For m 990-T t r u s t o t h e r than above) Form 6069Form 990-PF Form 1041-A Form 8870

The books a r e n t h e care o f 0 1 the Organization

Telephone No _ 703)_535_3563______ FA X N o . I f t h e o r g a n i z a t i o n doe s no t ha ve an o f f i c e o r place o f business i n t h e United States check t h i s box I f t h i s i s f o r a Group Return e n t e r t he o r g a n i za t i o n s f o u r d i g i t Group Exemption N u m b e r GEN) I f t h i s i s f o r t h e whole g r o u p ,

check t h i s box i f i t i s f o r p a r t o f t h e group check t h i s box nd a t t a c h a l i s t w i t h t h e names an d EINs o f a l l m e m b e r st h e extension w i l l c o v e r .

1 request an automatic 3 month 6-months f o r a For m 990-T corporation extension o f time u n t Aug 2 0 0 6 -,t o f i l e t h e exempt organization r e t u r n f o r t h e o r g a n i z a t i o n named above The extension i s f o r t h e o r g a n i z a t i o n s r e t u r n f o r X X calendar year 2 0 0 5 _ o r t a x year beg inning 2 0 and ending _ ,2 0

2 I f t h i s t a x year i s f o r l e s s than 12 months check reason 1 1 I n i t i a l r e t u r n F i n a l r e t u r n 11 Change i n accounting p e r i o d3a I f t h i s a p p l i c a t i o n i s f o r For m 990 - B L , 990 - PF, 990 - T , 4720, o r 6069 e n t e r t h e t e n t a t i v e t a x , l e s s an ynonrefundable c r e d i t s S e e i n s t r u c t i o n s b I f t h i s a p p l i c a t i o n i s f o r For m 990-PF o r 990-T, e n t e r an y refundable c r e d i t s and estimated t a x payments made.I n c l u d e an y p r i o r year overpayment allowed as a c r e d i t c Balance Due. Subtract l i n e 3b from l i n e 3 a . I n c l u d e your payment w i t h t h i s form o r , i f r e q u i r e d d e p o s i t w i t h FT Dcoupon o r , i f r e q u i r e d by using EFTPS E l e c t r o n i c Federal Tax P a ym e nt S y st em . S e e i n s t r u c t i o n s

Caution I f you ar e going t o make an e l e c t r o n i c fund withdrawal w i t h t h i s Form 8868 se e For m 8453 EO and F or m 8 87 9- EO f o rpayment i n s t r u c t i o n sBAA Fo r Privacy Act and Paperwork Reduction A ct Notice se e instructions Form 8868 Re v 12-20

donors capital 2005 990

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