donors capital 2008 990

8/3/2019 Donors Capital 2008 990

1/45

Form 990Department o f t h e Treasury

Return o f Organization Exempt From Income TaxUnder section 5 0 1 ( c ) , 527, or 4947(aXl) o f th e I n t e r n a l Revenue Code(except b l ac k l u ng b e n e f i t t r u s t or p r i v a t e foundation)

OMB No 1545-0047

2008I n t e r n a l R e v e n u e S e r v i c e ^ T h e o r g a n i z a t i o n may h a v e t o u s e a c o p y 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 q u i r e m e n t s t+pen t i o ^ g r a o n c r:nspec

For th e 2 0 0 8 calen da r y e a r , or tax year beginning , 2008 , and ending ,B Check i f applicable C Name o f organization D Employer I d e n t i f i c a t i o n NumberPlease u s eAddress c han g e IR S l a b e l Donors Capital Fund , Inc 54-1934032or p r i n t

l i o n s .

Number an d s t r e e t ( o r P O bo x i f m a i l i s n o t d e l i v e r e d t o s t r e e t addr Room / s u i t e E Telephone numberName change or type. )I n i t i a l r e t u r n s p e c f i c P.O . Box 1305 (703) 535-3563I n s t C i t y , t o w n o r c o u n t r y S t a t e Z I P c o d e + 4^'Amended r e t u r n Alexandria VA 22313 G G r o s s r e c e i p t s $ 67 , 681, 646.L I A p p l i c a t i o n pending F Name an d address o f p r i n c i p a l o f f i c e r H(a) I s t h i s a group r e t u r n f or af f l i a t e s " H Ye s FWhitney L. Ball P . O. BOx 1305 Alexandria VA 22313 H ( b ) A r e a l l a f f i l i a t e s i n c l u d e d ' YesI f ' N o , ' a t t a c h a l i s t ( s e e i n s t r u c t i o n s )

I Tax-exempt s t a t u s n01(c) ( 3 ( i n s e r t no) n947(a)(1) o r 5 2 7J Website : ^ N/A 1 4 ( c ) Group e x e m p t i o n number I N .K Type o f organization Worporation nrust nssociationD L Year o f Formation 1999 M S t a t e o f l e g a l domicile MD

1 B r i e f l y describe t h e o r g a ni z a t i o n ' s mission o r most s i g n i f i c a n t a c t i v i t i e s s _port > R c 5 09 ( a ) ( 1 ) , ( 2 ) s ( 3 ) ores, which allevia----- -- - ------through education , research and private initiatives, society's most pervasive and radical needs, including those relating to soc- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -U welfare_health_environment, economics, governance , foreign relations, and arts and culture; and which encourage philanthr- - - - --- --------- ---- ---- ------------------ ----

F and individual giving and reponsibility as an answer to society's needs, as opposed to governmental involveme-------------------------7 rha-k thi s hnv ^ fl i f the nrnnniva#inn rticrnn#inuarl it c nnerafions or r i ic nn cp ri o f mnrp than 95% of i t s assets.3 Number o f v o t i n g members o f t h e governing body ( P a r t V I , l i n e 1 a ) 3 9

a d 4 Nu mb er o f independent v o t i n g members o f t h e governing body ( P a r t V I , l i n e 1 b ) 4 85 T o t a l number o f employees ( Pa rt V , l i n e 2a) 5 0

' ' 6 T o t a l number o f volunteers (estimate i f necessary) 6 0a 7 a T o t a l gross unrelated business revenue from P a r t V I I I , l i n e 1 2 , column ( C ) 7 a 183,04

b Net u n r e l a t e d business taxable income from Form 990-T, l i n e 34 7b -184,01

^ P r i o r Year Current YearContributions and grants (Part I I I , Ilrt m 52, 508, 615. 41,649,579 Program s e r v i c e revenue ( P a r t 1 V l l l I l n e 2g )

10 Investment Income ( P a r t V I I I , cotamn^qln1s ^ , 428(.7 3,340 , 417. -4 , 139 , 971 1 Other revenue ( P a r t V I I I ,colIe s 5 , 6d, 8 c , 9 c , 1 0 d l l e ) 1,492,844.1 2 T o t a l r e v e n u e - add l i n e s 8 t h r o w f 1 . 1 1 ( must e q u a l Pa _ , t lumn ( A ) , l i n e 1 2 ) 5 7 , 34 1 , 8 7 6 . 37,509,591 3 G r a n t s and s i m i l a r amounts p a i d (Pa ) s 1 - 3 44 751 , 0 0 1 . 7 0, 8 5 8 , 2 114 B e n e f i t s p a i d t o o r f o r members(Psrt c t I n e 4 )15 S a l a r i e s , o t h e r compensation, employee b e n e f i t s ( P a r t I X , column ( A ) , l i n e s 5 - 1 0 ) 0.16a P r o f e s s i o n a l f u n d r a i s i n g fees ( P a r t IX , column ( A ) , l i n e 1 1 e )

b T o t a l f u n d r a i s i n g expenses ( P a r t IX , column ( D ) , l i n e 25 ) ^ 0 .17 Other expenses ( P a r t I X , column ( A ) , l i n e s 11a-11d, 1 l f - 2 4 f ) 743, 610. 694,9218 T o t a l expenses Add l i n e s 13-17 (must equal P a r t I X , column ( A ) , l i n e 2 5 ) 45 494, 611. 71,553,131 9 Revenue l e s s e x p e n s e s . S u b t r a c t l i n e 1 8 f r o m l i n e 1 2 11, 8 4 7 , 26 5 . -34 , 0 43 , 5

8 Beg i n n i n g o f Year En d o f Year1 6 C 2 0 T o t a l a s s e t s ( P a r t X , l i n e 1 6 ) 95,20 3 1 Q81- 5 5 , 6 06, 0a 9 2 1 T o t a l l i a b i l i t i e s ( P a r t X , l i n e 2 6 ) 4 0 2 , 0 2 3 . 187 , 2Z L L 2 2 Net assets o r f und b alances . Subtract l i n e 2 1 from l i n e 2 0 94,801- 058. 55, 418, 7P a r t I I S i n a t u r e Bock

under p e n a l t i r i rv l a v e t h a t have caminedthcs t u r n i n c l u d i n accompanying sched l e s an d statements an d to t h e ^est o f my k nowled g e and b e l i e f , i t i sh k now e gerepare( as an yon a l l i n f o r m a t i o n o whict r u e , c o r r e c t , n l e 6 c la r . io n o f p r e r t h e t h o f f i c e r ) i s ba s4 13NN 4 0 9i g nHere Sliar^ L. Ba

Type o r p r i n t name an d t i t l e

PaidPre- P r e p a r e r ' ss i g n a t u r e ^Jeffrey C Z s i k

r , s name (o r Charitable Entity Administi r m ' sUs e fOnly employed ) , 00 yay ireaddress, andZ I P + 4 Henderson

; t Unit 3

May t h e IR S discuss t h i s r e t u r n w i t h t h e preparer shown above? (see IBAA For Privacy Act and Paperwork Reduction Act Notice , see th e


2/45

Form 99 0 ( 2 0 0 8 ) Donors Cap ital Fund , Inc 54-1934032 PaPart I I I Statement of Program Service Accomplishments (see instructions)

1 B r i e f l y describe t h e o r g a ni z a ti o n 's m i s s i o n .Support-IRC 509 (a ) (1)1 (2) & (3 ) orgs,_which alleviate, through education, research and priva------- ----------------- --------- -initiatives, s ociety's most pervasive and radical needs, including those relating to social welfar-------- - - ----See F o r m 9 9 0 , P age 2, P a r t I I I , L i n e 1 ccontmued) _ _ _ _ _ _ _--------- ----------------------------------

2 Did t h e o r g a n i z a t i o n undertake any s i g n i f i c a n t program s e r vi c e s d u r i n g t h e year which were n o t l i s t e d on t h e p r i o rF o r m 9 9 0 o r 9 9 0-EZ? Ye s NI f ' Y e s , ' describe these new s e r v i c e s on Schedule 0

3 D i d t h e o r g a n i z a t i o n cease c o n d u c t i n g , o r m a k e s i g n i f i c a n t changes i n h o w i t conducts, a ny program s e r v i c e s ? Yes XQ NI f ' Y e s , ' describe these changes on Schedule 0

4 Describe t h e exempt purpose achievements f o r each o f t h e o r g a n i z a t i o n ' s t h r e e l a r g e s t program s e r v i c e s b y expenses S e c t i o n 501 ( c ) ( 3 )and 5 0 1 ( c ) ( 4 ) organizations and s e c t i o n 4947(a)(1) t r u s t s a r e r e qu i r e d t o r e p or t t h e a mount o f g r a n t s and a l l o c a t i o n s t o o t h e r s , t h e t o t a lexpenses, and revenue, i f a n y , f o r ea ch pr o gr a m s e r v i c e r e p o r t e d

4a ( C o d e - ) ( Expenses $ 7 0 , 878, 7 9 8. i n c l u d i n g g r a n t s o f $ 7 0 , 858, 213. ) ( Revenue $ 32 , 180, 868Support IRC 509(a) (1)_& 509(a) (2)_orgp1-which alleviate through_______________education, research and private initiatives , society ' s most pervasive and radical needs, including those relating to soc----- ------- --------- --- --welfare, health, environment , economics-governance , foreign relations , and arts and culture and which encourage philanthr---- --- ------ ----- ---- ---and individual giving and responsibility a s an answer to society' s needs,_as opposed to governmental involveme

4b (Code ) (Expenses i n c l u d i n g g r a n t s o f )(Revenue

4c (Code ) (Expenses

4d Other program services ( D e s c r i b e i n Schedule 0 )

i n c l u d i n g g r a n t s o f $ )(Revenue

(Expenses $ i n c l u d i n g g r a n t s o f $ ) (Revenue $4e T o t a l program service expenses ^ $ 70,878,798. (Mu st eq u al Part I X , Line 2 5 , column (8))

Form 9 9 0 ( 2BAA TEEA0102 1 2 / 2 4 / 0 8


3/45

Form990 ( 2 0 0 8 ) ' Donors Capital Fund , Inc 54-1934032 PaPart I V Checklist o f Req u i r e d Schedules

Ye s1 I s t h e organization described i n s e c t i o n 50 1 ( c ) ( 3 ) o r 4947(a)(1) ( o t h e r than a p r i v a t e foundation)? I f ' Y e s , ' completeSchedule A 1 X2 I s t h e organization r e q u i r e d t o complete Schedule B , Schedule o f Contributors? 2 X3 D i d t h e organization e n g a g e i n d i r e c t o r i n d i r e c t p o l i t i c a l c a m p a i g n a c t i v i t i e s o n b e h a l f o f o r i n o p p o s i t i o n t o candidates

f or p u bl i c o ff ic e? I f ' Y e s , ' c omple te Schedule C , P a r t 1 34 Section 501 ( c ) ( 3 ) o r g a n iz a t io n s . Di d t h e organization e n g a g e i n lobbying a c t i v i t i e s ? I f ' Y e s , ' c omplete S chedule C , P a r t 1 1 45 Se c ti o n 5 0 1 ( cX4), 501 ( c ) ( 5 ) , a n d 501 ( cX6) organizations . I s t h e organization s u b j e c t t o t h e s e c t i o n 6033(e) n o t i c e a n dr e p o r t i n g requirement a n d proxy t a x ? I f ' Y e s , ' c omple te S chedule C , P a r t / 1 1 56 Di d t h e organization maintain a n y d on o r a dv is ed funds o r a ny a ccou n t s w he r e do n o r s h ave t h e r i g h t t o provide adviceo n t h e d i s t r i b u t i o n o r investment o f a m ou n t s i n such funds o r a ccou n t s? I f ' Y e s , ' c o m pl e t e S ch e du le D , P a r t 1 6 X7 Di d t h e o r g an i z at i o n r e ce i ve o r h o l d a conservation e aseme nt, i n c l u d i n g e a s e m e n t s t o preserve o p e n space, t h eenvironment, h i s t o r i c l a n d a r ea s o r h i s t o r i c s t r u c t u r e s ? I f ' Y e s , ' complete Schedule D , P a r t 1 1 78 D id t he organization maintain c o l l e c t i o n s o f w orks o f a r t , h i s t o r i c a l t r e a s u r e s , o r o t h e r s i m i l a r assets? I f ' Y e s , 'complete Schedule D , P a r t 1 1 1 89 D id t he organization r e p o r t a n a m ou n t i n P a r t X , l i n e 2 1 ; serve a s a custodian fo r a m o u n t s n o t l i s t e d i n P a r t X ,o r provide c r e d i t c o un s el i ng , deb t m a n a g e m e n t , c r e d i t r e p a i r , o r debt n e g o t i a t i o n services? I f ' Y e s , ' completeSchedule D , P a r t IV 9

1 0 D i d t h e organization h o l d assets i n t e r m , pe rm ane nt, o r qu asi- e nd owments ? I f ' Y e s , ' c omple te Schedule D , Part V 10 X1 1 D id t he organization r e p o r t a n a m o u n t i n P a r t X , l i n e s 1 0 , 1 2 , 1 3 , 1 5 , o r 25 ? I f ' Y e s , ' c omple te Schedule D , P a r ts V I ,

V l l , V l l l , I X , o r X a s applicable 1 1 X1 2 Di d t h e o r g a nization receive a n audited f i n a n c i a l st a t emen t fo r t h e year f o r which i t i s completing t h i s r et u rn t ha t wa sprepared i n a c c o r d a n c e w i t h GAAP' I f ' Y e s , ' c omplete S chedule D , P a r ts X l , X l l , a n d X l l l 12 X13 I s t h e organization a school described i n s e c t i o n 1 7 0 ( b ) ( 1 ) ( A ) ( i ) ? I f ' Y e s , ' complete Schedule E 131 4 a D id t he organization maintain a n o f f i c e , employees, o r a g en t s o u t s i d e o f t h e U S 7 1 4 a

b Did t h e organization h ave a g g r eg a t e revenues o r expe nses o f m o r e than $10 ,000 f rom grantmaking, f u n d r a i s i n g ,business, a n d p r o g r a m s e r v i c e a c t i v i t i e s outside t h e U S. ? I f ' Y e s , ' c omple te Schedule F , Part I 1 4 b15 Di d t h e organization r e p o r t o n P a r t IX , column ( A ) , l i n e 3 , m o r e than $5,000 o f grants o r assistance t o a n y organization

o r e n t i t y l o c a t e d outside t h e United States? I f ' Y e s , ' complete Schedule F , P a r t l l 1 516 D i d t h e organization r e p o r t o n P a r t IX , column ( A ) , l i n e 3 , m o r e than $5,000 o f a g g r eg a t e g r a n ts o r assistance t o

i n d i v i d u a l s l o c a t e d outside t h e United States? I f ' Y e s , ' complete Schedule F , P a r t I l l 1617 Did t h e organization r e p o r t m o r e than $ 15 , 00 0 o n P a r t IX , column ( A) , l in e 1 1 e' I f ' Y e s , ' c omple te S chedule G , P a r t / 1718 Did t h e organization r e p o r t m o r e than $15 ,000 t o t a l o n P a r t V I I I , l i n e s 1 c a n d 8a ' I f ' Y e s , ' complete Schedule G , P a r t l l 181 9 Did t h e organization r e p o r t m o r e than $ 15 , 00 0 o n P a r t V I I I , l i n e 9 a ' I f ' Y e s , ' c o m pl e t e S c he d ul e G , P a r t / 1 / 1920 Did t h e organization operate o n e o r m o r e h o s p i t a l s ? I f ' Y e s , ' c o m pl e t e S ch e du le H 202 1 Di d t h e o r g a n i z a t i o n r e p o r t m o r e t h a n $ 5 , 00 0 o n P a r t I X , c o l u m n ( A ) , l i n e 1 7 I f Y e s , ' c o m p l e t e S c h e d u l e 1 , P a r t s 1 a n d l l 2 1 X22 D i d t h e o r g a n i z a t i o n r e p o r t m o r e t h a n $ 5 , 0 0 0 o n P a r t I X , c o l u m n ( A ) , l i n e 2 ? I f ' Y e s , ' c o m p l e te S c h e d ul e 1 , P a r t s l a n d 1 1 1 2223 Di d t h e organization a nswer ' Y e s ' t o P a r t V I I , Section A , questions 3 , 4 , o r 5 7 I f ' Y e s , ' c omple teSchedule J 23 X2 4 a Di d t h e organization h a v e a tax-exempt b o n d i s s u e w i t h a n outstanding p r i n c i p a l a m ou n t o f m o r e than $100 ,000as o f t h e l a s t da y o f t h e y e a r , a n d t h a t wa s issued a f t e r D e c e m b e r 3 1 , 2 0 0 2' I f ' Y e s , ' a n s w e r questions 2 4b-2 4d a n dcomplete Schedule K . I f ' N o , ' g o t o question 2 5 24 a

b Di d t h e organization i n v e s t a n y p r oc ee ds o f tax-exempt b ond s b e y o n d a temp orary p e r i o d exception? 2 4 bc Di d t h e organization maintain a n e sc ro w a ccou n t o t h e r than a refunding e s c r o w a t a n y time d u r i n g t h e year t o defea sea n y tax-exempt bo nds? 2 4 cd Did t h e organization a c t a s a n ' o n b e h a l f o f ' i s s u e r fo r b ond s outstanding a t a n y time during t h e y ea r ? 2 4 d

2 5 a Section 5 0 1 ( c x 3 ) a n d 501 ( c X4 ) o r g a n iz a t io n s . Di d t h e o r g a n i z a t i o n e n g a g e i n a n excess b e n e f i t t r a n s a c ti o n w i t h ad i s q u a l i f i e d per so n during t h e year? I f ' Y e s , ' c omple te S chedule L , P a r t I 2 5 a

b Di d t h e organization become a w a r e t h a t i t ha d e n g a g e d i n a n excess b e n e f i t t r a n s a c t i o n w i t h a d i s q u a l i f i e d per so n f r o ma p r i o r y ea r ? I f ' Y e s , ' c o m pl e t e S ch e du le L , P a r t I 2 5 b

26 Was a l o a n t o o r by a c u r r e n t o r former o f f i c e r , d i r e c t o r , t r u s t e e , ke y empl oyee , h i g h l y c o m p e n s a t ed employee, o rd i s q u a l i f i e d per so n outstanding a s o f t h e e n d o f t h e o r g a n i z a t i o n ' s t a x y ea r 7 I f ' Y e s , ' c omple te S chedule L , P a r t l I 2627 Di d t h e organization p ro vi de a grant o r o t h e r assistance t o a n o f f i c e r , d i r e c t o r , t r u s t e e , key employee, o r s u b s t a n t i a lc o n t r i b u t o r , o r t o a per so n r e l a t e d t o s uc h a n i n d i v i d u a l ? I f ' Y e s , ' c omple te Schedule L , P a r t 1 1 1 27BAA F o rm 9 9 0 (

TEEA0103 10/13/08


4/45

Form990 ( 2 0 0 8 ) ' Donbrs Ca p ital Fund , Inc 54-193403Part IV Checklist o f Required Schedules (continued)28 During t h e t a x y e a r , d i d any person wh o i s a c u r r e n t o r former o f f i c e r , d i r ec t or , t r us t e e, o r ke y employee

a Have a d i r e c t business r e l a t i o n s h i p w i t h t he organization ( o t h e r than as an o f f i c e r , d i r e c t o r , t ru s te e, o r employee),o r an i n d i r e c t business r e l a t i o n s h i p through ownership o f m o r e than 35% i n another e n ti t y ( i n d i v i d ua l l y o r c o l le c ti v e l yw i t h o t h e r person(s) l i s t e d i n P a r t V I I , Section A) ? I f ' Y e s , ' complete Schedule L , Part IV

b Have a f a m i l y member who had a d ir ec t o r i n d i r e c t business r e l a t i o n s h i p w i t h t he organization? I f ' Y e s , ' completeSchedule L , Part IVc Serve as an o f f i c e r , d i r ec t or , t r us t e e, key employee, p a r t n e r , o r member o f an e n t i t y ( o r a shareholder o f a p r o f e s s i o n a lc o r p o r a t i o n ) doing business w i t h t he organization? I f ' Y e s , ' complete Schedule L , Part IV

29 Did t h e organization r e c e i v e m o r e than $25,000 i n non-cash c o n t r i b u t i o n s ? I f ' Y e s , ' complete Schedule M30 Did t h e organization receive c o n t r i b u t i o n s o f a r t , h i s t o r i c a l t r e a s u r e s , o r o t h e r s i m i l a r a s s e t s , o r q u a l i f i e d conservationc o n t r i b u t i o n s ? I f ' Y e s , ' complete Schedule M

3 1 Did t h e organization l i q u i d a t e , t e r m i n a t e , o r d i s s o l v e and cease operations? I f ' Y e s , ' complete Schedule N , Part32 Did t h e organization s e l l , exchange, dispose o f , o r t r a n s f e r m o r e than 25% o f i t s n e t assets? I f ' Y e s , ' complete

I

Schedule N , Part / l33 Did t h e organization own 100% o f an e n t i t y disregarded as separate f rom t h e organization under Regulations s e c t i o n s301 7701 - 2 and 301 7701-3' I f ' Y e s , ' complete Schedule R , Part34 Was t h e organization r e l a t e d t o any tax-exempt o r t a x a b l e e n t i t y ?

II f ' Y e s , ' complete Schedule R , Parts l l , i l l , I V , and V ,

l i n e 135 I s any r e l a t e d organization a c o n t r o l l e d e n t i t y w i t h i n t h e meaning o f s e c t i o n 512(b)(13)' I f ' Y e s , ' complete Schedule R ,Part V , l i n e 236 Section 501(cX3 ) organizations . D i d t h e organization make any t r a n s f e r s t o an exempt n o n - c h a r i t a b l e r e l a t e dorganization? I f ' Y e s , ' complete Schedule R , Part V , l i n e 237 Did t h e organization conduct m o r e than 5% o f i t s a c t i v i t i e s through an e n t i t y t h a t i s n o t a r e l a t e d o r g a n i z a t i o n and t h a t i s

t r e a t e d as a partnership f o r f e d e r a l income t a x purposes? I f ' Y e s , ' c omplete Schedule R , Part V IBAA

lEEA0104 12/18/08

28a

28b

28c

29 X

30

3 1

32

33 X

34 X

35 X

36

37F o r m 990 (2


5/45

F o r m 9 9 0Part V

Donors Capital Fund, Incatements R eg ar di nq O th er I RS F i l i n T a x Compliance

54-1934032 Pa

Yes1 a Enter t h e number reported i n Bo x 3 o f form 1096, Annual Summary a nd T r a n s m i t t a l o f U S

I n f o r m a t i o n Returns Enter - 0 - i f n o t applicable 1 ab Enter t h e number o f Forms W-2G included i n l i n e l a. Enter - 0- i f n ot a p pl i ca b le lb!c Di d t h e organization comply w i t h backup withholding r u l e s f o r r e p o r t a b l e payments t o vendors a nd r e p o r t a b l e g a m i n g(gambling) winnings t o p r i z e winners?

2a E n t e r t h e n u m b e r o f e m p l o y e e s re p ort e d o n F o r m W - 3 , T r a n s m i tta l o f Wage a n d T a x S t a t e m e n t s , f i l e d f o r t h ec a le n d ar y e ar e n d i n g w i t h o r w i t h i n t h e y ea r c ov er ed b y t h i s r e t u r n 2a

2b I f a t l e a s t on e i s reported on l i n e 2 a , d id t h e organization f i l e a l l r e q u i r e d f e d e r a l employment t a x r e t u r n s ?Note . I f t h e sum o f l i n e s 1 a a nd 2a i s g r e a t e r t h a n 25 0, yo u may be r e q u i r e d t o e - f i l e t h i s r e t u r n . (see i n s t r u c t i o n s )

3 a Di d t h e organization ha v e unrelated business g ross income o f $ 1,0 0 0 o r more d u ri ng t h e year covered byt h i s r e t u r n ?

b I f ' Y e s ' has i t f i l e d a Form 9 9 0 -T f or t hi s year? I f ' N o , ' provide a n explanation in Schedule 04a A t a ny time d u ri n g t h e calendar y e a r , d i d t h e organization h ave 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 th o r i ty o v er , a

f i n a n c i a l account i n a f o r e i g n country (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)?b I f ' Y e s , ' e n t e r t h e name o f t he f o re i g n c o u n t r y . ^ Bermuda

S e e t h e i n s t r u c t i o n s f o r exceptions a nd f i l i n g requirements f o r Form TD F 9 0 - 22 . 1 , Report o f Foreign Ba n k a ndF i n a n c i a l Accounts

5a Was t h e organization a p a r t y t o a p ro h ib it e d t a x s h e l t e r t r a n s a c t i o n a t a ny time d u r i n g t h e t a x year?b Di d a ny taxable p a r t y n o t i f y t h e organization t h a t i t w a s o r i s a p a r t y t o a p r o h i bi t ed t a x s h e l t e r transaction?c I f ' Y e s , ' t o question 5 a o r 5 b , d i d t h e organization f i l e Form 8886-T, Disclosure by Tax-Exempt E n t i t y RegardingP r o h i b i t e d Ta x S h e l t e r Transaction?

6a Di d t h e organization s o l i ci t a ny c o n t r i b u t i o n s t h a t w e r e n o t t a x d e d u c t i b l e ?b I f ' Y e s , ' d i d t h e organization i nc lu d e w i t h every s o l i c i t a t i o n a n 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 w e r e n o tdeductible?

7 O rg ani z a tions t h a t may receive deductible contributions under section 1 7 0 ( c ) .a Di d t h e organization provide goods o r services i n exchange f o r a ny q u i d p r o quo c o n t r i b u t i o n o f m o r e than $ 7 5 ?b I f ' Y e s , ' d i d t h e organization n o t i f y t h e donor o f t h e value o f t h e goods o r services provided?c Di d t h e organization s e l l , exchange, o r otherwise dispose o f t a n g i b l e personal p r o p e r t y f or which i t w a s r e q u i r e d t o f i l eForm 8282'd I f ' Y e s , ' i n d i c a t e t h e number o f Forms 8282 f i l e d during t h e year 7d1e Did t h e o r g an i za t i on , d u r i n g t h e y e a r , r e c e i v e a ny f u n d s , d i re ct ly o r i n d i r e c t l y , t o pa y premiums on a personal

b e n e f i t contract?f Did t h e o r g a n i z a t i o n , during t h e y e a r , p a y p r em i um s , d i re ct ly o r i n d i r e c t l y , on a personal b e n e f i t contract?g For a l l c o n t r i b u t i o n s o f q u a l i f i e d i n t e l l e c t u a l p r o pe r t y , d i d t h e o r g a n i z a t i o n f i l e Form 8 8 9 9 as required?h For a l l c o n t r i b u t i o n s o f c ar s, b o a ts , a i r p l a n e s , a nd o t h e r v e h i c l e s , d i d t h e o r g a ni z a t io n f i l e a Form 1 0 9 8 -C as required?8 S e ct i on 5 0 1 ( c ) ( 3 ) a n d other sponsoring organizations maintaining donor a d vi s ed f un d s a n d section 50 9 (a X 3 )supporting org ani z a tions . Di d t h e supporting o r g a n i z a t i o n , o r a fund maintained b y a sponsoring o r g a n i z a t i o n , ha v eexcess business holdings a t a ny t i me d ur i ng t h e year?

9 Section 50 1 ( cx3) a n d other sponsoring organizations maintaining donor advised funds.a Di d t h e organization make a ny t a x a b l e d i s t r i b u t i o n s under s e c t i o n 4966?b Di d t h e organization make a ny d i s t r i b u t i o n t o a donor, donor a d v i s o r , o r r e l a t e d person?

1 0 S e ct i on 5 0 1 (c ) ( 7 ) organizations . E n t e r :a I n i t i a t i o n fees a n d c a p i t a l c o n t r i b u t i o n s included on P a r t V I I I , l i n e 12 1 0 ab Gross R e c e i p t s , included on Form 9 90 , P ar t V I I I , l in e 1 2, f o r p u b l i c use o f c l u b fa ci l i ti es 1 0 b

1 1 Section 5 01(cx12 ) organizations. Entera Gross income from o t h e r members o r shareholders 1 1 ab Gross income from o t h e r s our ce s ( D o n o t n e t a mou n t s due o r p a i d t o o t h e r sources againsta mou n t s due o r received from t h e m ) 1 1 b

1 2a Section 4947( aXl) n on - e xe m p t charitable t r u s t s . I s t h e o r g a n i z a t i o n f i l i n g Form 9 9 0 i n l i e u o f Form 1041?b I f ' Y e s , ' e n t e r t h e 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 year 112bl

BAA

00

1 c X0

2b

3 a X3b X

4a X

5 a5b

5 c6 a6b

7 a

7 c

7 e7f7g7 h8

9 a9b

1 2aForm 9 9 0 (

TEEA0105 04/08/09


6/45

Form 990 (2008)'Donors Cap ital Fund , Inc 54-1934032 PaPart VI Governance , Management and Disclosure (Sections A, B , and C request information about policies norequired by the Internal Revenue Code.)Section A . Govirnin g Body and Manag e m e n t

For each ' Y e s ' response t o l i n e s 2-7b below, a nd f o r a ' N o ' response t o l i n e s 8 o r 9b below, describe t h e circumstances, Ye sprocesses, o r changes i n Schedule 0 Se e i n s t r u c t i o n s .1 a Enter t h e number o f v o t i n g m ember s o f t h e governing body 1 a 9b Enter t h e number o f v o t i n g members t h a t ar e independent 1 b 8

2 Did any o f f i c e r , d i r e c t o r , t r u s t e e , o r key employee have a f a m i l y r e l a t i o n s h i p o r a business r e l a t i o n s h i p w i t h any o t h e ro f f i c e r , d i r e c t o r , t r u s t e e o r key employee? 23 Did t h e organization delegate c o n t r o l over m a n a g e m e n t d u t i e s customarily performed by o r under t h e d i r e c t supervisiono f o f f i c e r s , d i r e c t o r s o r t r u s t e e s , o r key employees t o a m a na g e m e nt c om pa n y o r o t h e r person' 3

4 Did t h e organization make any s i g n i f i c a n t changes t o i t s o r g a n i z a t i o n a l documents 4s i n c e t h e p r i o r F o r m 9 90 w a s f i l e d '

5 Did t h e organization become a w a r e during t h e year o f a m a t e r i a l d i v e r s i o n o f t h e o r g a n i z a t i o n ' s assets? 56 Does t h e organization have members o r stockholders? 67 a Does t h e organization have members, s t o c k h o l d e r s , o r o t h e r persons w ho may e l e c t one o r m o r e m ember s o f t h egoverning body? 7 ab Ar e any decisions o f t h e governing body s u b j e c t t o approval by members, s t o c k h o l d e r s , o r o t h e r persons? 7b

8 Did t h e organization contemporaneously document t h e meetings h e l d o r w r i t t e n a c t i o n s undertaken d u r i n g t h e ye ar byt h e f o l l o w i n g -a Th e governing b o d y ' s 8a Xb E ach committee w i t h a u t h o r i t y t o a c t on b e h a l f o f t h e governing body? 8b X

9 a Does t h e organization have l o c a l c h a p t e r s , branches, o r a f f i l i a t e s ? 9 ab I f ' Y e s , ' does t h e organization have w r i t t e n p o l i c i e s and procedures governing t h e a ct i vi t ie s o f such c h a p t e r s , a f f i l i a t e s ,and branches t o ensure t h e i r operations ar e c o n s i s t e n t w i t h those o f t h e organization? 9b

10 Was a copy o f t h e F o r m 9 90 provided t o t h e o r g a n i z a t i o n ' s governing body before i t w a s f i l e d ? A l l organizations mustdescribe i n Schedule 0 t h e process, i f a n y , t h e o r g a n i z a t i o n uses t o review t h e F o r m 9 90 101 1 I s t h e r e any o f f i c e r , d i r e c t o r o r t r u s t e e , o r key employee l i s t e d i n P a r t V I I , Section A , who cannot be reached a t t h eo r g an i za t i o n' s m a il i n g a d d r e s s ' I f ' Y e s , ' p r o v i d e t h e names and a d d r e s s e s i n Schedule 0 1 1Sectio n B. Policies12a Does t h e organization have a w r i t t e n c o nf l ic t o f i n t e r e s t p o l i c y ? I f ' N o , ' go t o l i n e 1 3

b Ar e o f f i c e r s , d i r e c t o r s o r t r u s t e e s , and key employees r e q u i r e d t o d i s c l o s e annually i n t e r es t s t h a t c o u l d g i v e r i s et o c o n f l i c t s ?

c Does t h e organization r e g u l a r l y and c o n s i s t e n t l y monitor and enforce compliance w i t h t h e p o l i c y ? I f ' Y e s , ' describe i nSchedule 0 how t h i s i s done13 Does t h e organization have a w r i t t e n whistleblower p o l i c y ?14 Does t h e organization have a w r i t t e n document r e t e n t i o n and d e s t r u c t i o n p o l i c y ?15 D i d t h e process f o r determining compensation o f t h e f o l l o w i n g persons i n c l u d e a review and approval b y independentpersons, comparability d a t a , and contemporaneous s u b s t a n t i a t i o n o f t h e d e l i b e r a t i o n and d e c i s i o n -

a Th e organization ' s CEO, Executive D i r e c t o r , o r t o p m a n a g e m e n t o f f i c i a l ? 15 ab Other o f f i c e r s o f key employees o f t h e organization? 1 5 bDescribe t h e process i n Schedule 0 (see i n s t r u c t i o n s )

16a D i d t h e organization i n v e s t i n , c o n t r i b u t e assets t o , o r p a r t i c i p a t e i n a j o i n t venture o r s i m i l a r arrangement w i t h a t a x a b l ee n t i t y during t h e year? 16a

b I f ' Y e s , ' ha s t h e organization adopted a w r i t t e n p o l i c y o r procedure r e q u i r i n g t h e organization t o evaluate i t s p a r t i c i p a t i o ni n j o i n t venture arrangements under applicable f e d e r a l t a x l a w , and taken steps t o safeguard t h e o r g a n i z a t i o n ' s exempts t a t u s w i t h r e s p e c t t o such arrangements' 16b

Section C . Disclosures17 L i s t t h e s t a t e s w i t h which a copy o f t h i s F o r m 9 9 0 i s r e q u i r e d t o be f i l e d ^ Se e States F o r m 9 9 0 F i l e d I n-----------------------------18 Section 6104 requires an organization t o make i t s F o r ms 1023 ( o r 1024 i f applicable ) , 990, a nd 9 90 - T ( 5 0 1 ( c ) ( 3 ) s o n l y ) a v a i l a b l e f o r p u b

i n s p e c t i o n I n d i c at e how you make these a v a i l a b l e Check a l l t h a t apply11 Own website 1 - 1 Another's website X X Upon request

19 Describe i n Schedule 0 whether ( and i f so , how) t h e o r g a n i z a t i o n m a k e s i t s governing documents , c o n f l i c t o f i n t e r e s t p o l i c y , and f i n a n c i astatements a v a i l a b l e t o t h e p u b l i c20 State t h e name , physical address, and telephone number o f t h e person who possesses t h e bo o ks a nd records o f t h e o r g a n i z a t i o n

the Organization _ _ _ - _the Organization' s- Address _ _ _ _ - - _ (703)535-3BAA F o r m 9 9 0 (

TEEA0106 12/18/08


7/45

Form 99 0 (2008) Donors Capital Fund , Inc 54-1934032 PaPart V I I Comp ensation of Officers , D i r e c t o r s , Trustees , Key Employees , Highest CompensatedEmployees , an d Independent ContractorsSection A. O f f ic ers , Directors , Trustees , Key Employees, and Highest Compensated Employees

1 a Complete t h i s t a b l e f o r a l l p e r s o n s r e q u i r e d t o b e l i s t e d . Use S c h e d u l e J - 2 i f a d d i t i o n a l space i s n e e d e d . L i s t a l l o f t h e o r g a n i z a t i o n ' s current 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 (whether i n d i v i d u a l s o r o r g a n i z a t i o n s ) , regardless o f amount o fcompensation, an d current key employees Enter - d - i n columns ( D) , ( E ) , an d ( F ) i f no compensation w as p a i d L i s t t h e organization ' s f i v e current h i g h e s t compensated employees ( o t h e r than an o f f i c e r , d i r e c t o r , t r u s t e e , o r key employee) w h oreceived r e p o r t a b l e compensation (Box 5 of Form W-2 and/or Box 7 o f Form 1099-MISC) o r more than $100,000 from t he o r ga n i z a ti o n an d anr e l a t e d organizations L i s t a l l o f t h e organization ' s former o f f i c e r s , key employees, an d h i g h e s t compensated employees who received more than $100,000 or e p o r t a b l e compensation from t h e organization an d a ny r e l a t e d o r g a n i z a t i o n s . L i s t a l l o f t h e o r g a n i z a t i o n ' s former directors or trustees t h a t r e c e i v e d , i n t h e capacity as a former d i r e c t o r o r t r u s t e e o f t h eo r g a n i z a t i o n , more than $10,000 o f r e p o r t a b l e compensation from t h e organization an d an y r e l a t e d organizations

L i s t persons i n t he f o l l ow in g order i n d i v i d u a l t r u s t e e s o r d i r e c t o rs ; i n st i tu t i on a l t r u s t e e s ; o f f i c e r s , key employees; h i g h e s t compensatedemployees; an d former su ch personsnCheck t h i s bo x i f t h e organization d i d n o t compensate an y o f f i c e r , d i r e c t o r , t ru s te e, o r key employee

( A ) ( B ) ( c) ( D ) ( E ) ( F )Name an d T i t l e Averageh P o s i t i o n (

c heck a l l t h a t apply ) Reportable Reportable Estimatedoursp e r week X . . s 2 7 ? compensation fromt h e or g a n i z a t i o n compensation fromr e l a t e d or g anizations2/10 MISC9

amount of o t h e rcompensationth

> 2 t i (W-211099-MISC) ( - 9 - )rom e

C : - ut i

o r g a n i z a t i o nan d r e l a t e dy organizationsa ' {

I T MeVersonPresident/BoD 3.00 X X 0. 0.Bruce-H -Jacobs----------Vice Pres./BoD 3.00 X X 0. 0.Whitney L Ball_----- ---------Sec./BoD 20.00 X X 0. 154,623. 15,00Christopher -DeMuth _ _ ----Board Member 3.00 X 0. 0.Steven_Hayward__-_----__Treas./BoD 3.00 X X 0. 0.Kris Alan Mauren--------------------Board Member 3.00 X 0. 0.William H Mellor--------------------Board Member 3.00 X 0. 0.Stephen MooreBoard Member 3.00 X 0. 0.John Von Kannon--------------------Board Member 3.00 X 0. 0.Melissa Cliett--------------------Asst. Treas. 20.00 X 0. 116,711.---------------------

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

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

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

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

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

- - - - - - - - - - - - - - - - - - - - -BAA T E E A O 1 0 7 0 4 i 2 4 / o 9 Form 99 0 (


8/45

Form 99 0 (2008)'Donots Capital Fund , Inc 54-1934032 PaPart VI I Section A. Officers. Directors . Trustees - Kev Emninveec . and Hiahest Compensated Emnlovees (cnnt

(A)Name and T i t l e

(B)Averageho

(c)P o s i t i o n ( c h e c k a l l t h a t a p p l y )

(D )R e p o r t a b l e

(E)R e p o r t a b l e

(F)E s t i m a t e du r sp e r we e - a

g mN

M

ACD

C IDM3o

3 0o

0 0

n

-. 3

compensation fromt h e o r g a n i z a t i on(W-211099 - MISC)

compensation fromr e l a t e d o r g a n i z a t i o n s(W -211099- MISC)amount o f o t h ecompensationfrom t h eo r g a n i z a t i o nan d r e l a t e dorganizations

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

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

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

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

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

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

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

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

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

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

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

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

1bTotal 0 . 0. 2 71 , 3 3 4. 15,002 T o t a l number o f i n d i v i du a l s ( i n c l ud i n g those i n 1 a ) wh o received more than $100,000 I n r e p o r t a b l e compensation from t h e

organizationYe s

3 D i d t h e organization l i s t any former o f f i c e r , d i r e c t o r o r t r us t e e , ke y employee, o r h i g h e s t compensated employeeon l i n e l a? I f ' Y e s , ' complete Schedule J f o r such i n d i v i d u a l 34 For an y i n d i v i d u a l l i s t e d on l i n e 1 a , i s t h e sum o f r e p o r t a b l e compensation an d o t h e r compensation from

t h e organization an d r e l a t e d organizations g r e a t e r than $150,000? I f ' Y e s ' complete Schedule J f o r suchi n d i v i d u a l 4 X

5 Did any person l i s t e d on l i n e la r e c e i v e o r accrue compensation from any unrelated organization f o r s e r v i c e srendered t o t h e organization? I f ' Y e s , ' complete Schedule J f o r such person 5Section B . Independent Contractors

1 Complete t h i s t a b l e f o r your f i v e h i g h e s t compensated independent c o n t r a c t o r s t h a t received more than $100,000 o fcomp ensation from t h e o r g a n i z a t i o n .

(A) ( B ) ( C )Name and business address D e s c r i p t i o n o f Services Compensation

2 T o t a l number o f independent contractors ( i n c l u d i n g those i n 1) wh o received more than $100,000 i ncompensation from t h e oraanlzatlon ^ 0

BAA T E E A 0 1 0 8 1 0 / 1 3 1 0 8 Form 99 0 (


9/45

F o r m 9 9 0Part V t I

) 8 ) Donors Capital Fund, IncStatement o f Revenue

(A) ( 1 3 )T o t a l Related o rexemptf u n c t i o nrevenue

1 a Fed e ra te d campaigns 1 a 0.4 o b Membership dues 1 b 0.yQ c Fundraising events 1 c 0.tZg d Related organizations 1 d 1 , 527 , 500.i- M e G o v e r n m e n t g r a n t s ( c o n t r i b u t i o n s ) 1 e 0.oVSW f A l l o t h e r c o n t r i b u t i o n s , g i f t s , g r a n t s , a n dC O 1 - s i m i l a r a m o u n t s n o t i n c l u d e d a b o v e 1 f 4 0, 12 2, 0 71 .r X oZ= g N o n c a s h c o n t r i b n s i n c l u d e d i n I n s l a - 1 f : $ 1,473,747.La h T o t a l . Ad d l i n e s l a - 1 f 41,649,571.W: 3 Business Code

2a ------------------bWCU ------------- -----CW

------------------d

Q eo ------------------f A l l o t h e r program s e r v i c e revenue

g Total . Ad d l i n e s 2a-2f 1 0 -3 Investment income ( i n c l u d i n g d i v i d e n d s , i n t e r e s t a n do t h e r s i m i l a r amounts) 1 1 - -2 037, 162 .4 Income from investment o f tax-exempt bond proceeds 0 15 Royalties

6a G r os s R en t sb Less r e n t a l expensesc R e n t a l i n c o m e o r ( l o s s )

4-1934032 Pa

( C )Unrelated Revenuebusiness exclud ed fromrevenue under s e c t i o5 1 2 , 5 1 3 , o r 5

A 4

0. -183,045. -1,854,11

(i ) Real ( i i ) Personal4 - E

d Net r e n t a l income o r ( lo s s )7a G r o s s amount from s a l e s o f ( i ) S e c u r i t i e s ( n ) O t h e r

a s s e t s o t h e r t h a n i n v e n t o r y 28, 069, 237.b L e s s c o s t o r o t h e r b a s i s

a n d s a l e s e x p e n s e s 3 0, 172, 054.c Gain o r ( l o s s ) -2,102,817.d N e t g a i n o r ( l o s s ) 1 1 -2 , 102 , 817.

8a Gross income from f u n d r a i s i n g events( n o t i n c l u d i n g $ 0 .o f c o n t r i b u t i o n s reported on l i n e l c )S e e Part I V , l i n e 18 a

b Less d i r e c t expenses b

n _ n _

F s

0 c Net income o r ( l o s s ) from f u n d r a i s i n g events9a Gross income from gaming a c t i v i t i e sS e e P a r t I V , l i n e 19 ab Less d i r e c t expenses bc Net income o r ( l o s s ) from gaming a c t i v i t i e s

10a Gross sales o f i n v e n t o r y , l e s s r e t u r n sa n d allowances a

b Less cost o f goods s o l d bc Net income o r ( l o s s ) from sales o f i n v e n t o

M i s c e l l a n e o u s Revenue Business Code11a------------------b ------------------c ------------------d A l l o t h e r revenue

e T o t a l . Ad d l i n e s 11a-11d12 Total Reve nue . Ad d l i n e s 1 h , 2 g , 3, 4 , 5, 6 d , 7 d , 8 c , 9 c ,1 0 c and 1 1 e 3 7, 509, 592.

BAA TEEA0109 12/18/20080.1 -183,045.1-3,956,93

Form 990 (


10/45

Form 99 0 (2008 ) Donors Capital Fund, Inc 54-1934032 Pageo f Functional Ex

and 501(cx4) organizations must complete a l l columns.A l l other organizations must com p l e t e column ( A) b ut are not required t o complete columns ( B ) , ( C ) , an d ( D ) .

Do not include amo u n t s reported on l i n e s6 b, 7 b, 8 b , 9 b , and 10b of Part V / / / . T o t a l expenses Program)ogramBserviceex p enses Management an dg e n e r a l expenses Fundraisingexpenses

1 Grants an d o t h e r assistance t o governmentsan d o r g a n i z a t i o n s i n t h e U. S See P a r t I V ,l i n e 2 1 70 858,213. 70,858,213. .

2 Grants an d o t h e r assistance t o i n d i v i d u a l s i nt h e U. S See P a r t I V , l i n e 2 2

3 Grants an d o t h e r assistance t o governments,o r g a n i z a t i o n s , an d i n d i v i d u a l s o u t s i d e t h eU S See P a r t I V , l i n e s 15 an d 16 , Q._,'

4 B e n e f i t s p a i d t o o r f o r members5 Compensation o f c u r r e n t 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 , an d key employees 0. 0. 0.6 Compensation n o t included above, t o

d i s q u a l i f i e d persons ( a s defined unders e c t i o n 4 9 5 8 ( f ) ( 1 ) an d persons described i ns e c t i o n 4958(c)(3)(B) . . .

7 Other s a l a r i e s an d wages 0. 0. 0.8 Pension p l a n c o n t r i b u t i o n s ( i n c l u d e s e c t i o n401(k) an d s e c t i o n 403(b) employer

c o n t r i b u t i o n s ) 0. 0. 0.9 Other employee b e n e f i t s 0. 0. 0.

1 0 P a y r o l l t a x e s 0. 0. 0.1 1 Fees f o r s e r v i c e s (non-employees)a Management 0. 0. 0.

b L e g a l 144. 0. 144.c A c c o u n t i n g 10 , 8 0 0 . 0. 10,800.d Lobbying 0. 0. 0.e P r o f f u n d ra i s i n g svcs S ee P a r t I V , I n 1 7 o.f I n v e s t m e n t management f e e s 20, 5 8 5 . 2 0, 5 8 5 . 0.g Other

12 A d v e r t i s i n g an d promotion13 O f f i c e expenses14 I n f o r m a t i o n technology15 R o y a l t i e s16 Occupancy17 T r a v e l18 Payments o f t r a v el o r entertainmentexpenses f o r an y f e d e r a l , s ta te , o r l o c a l

p u b l i c o f f i c i a l s19 Conferences, conventions, an d meetings20 I n t e r e s t2 1 Payments t o a f f i l i a t e s2 2 D e p r e c i a t i o n , d e p l e t i o n , an d a m o r t i z a t i o n2 3 Insurance2 4 Other expenses I t e m i z e expenses n o tcovered a bov e ( Exp en s es g rou pe d t o g e t h e ran d l a b e l e d miscellaneous may n o t exceed5% o f t o t a l expenses shown on l i n e 2 5

b e l o w . )

a a.

- -

e; ^

r^ ^

filing feesTaxes & 109, 6 6 9 . 0. 109, 6 6 9 ._bAdmin services 552,242. 0. 552,242.----------------------cRegistration fees 4 9 0 . 0. 4 9 0 .d Bank fees 6 6 0 . 0. 6 6 0 .----------------------e Postage 3 3 4 . 0. 3 3 4 .________________f A l l o t h e r expenses

2 5 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 1 t h r o u g h 2 4 f 71 5 5 3 1 3 7 . 70 , 87 8 , 798. 674, 3 3 9 .26 J o i n t Costs . Check here ^ i f f o l l o w i n g

SOP 9 8 - 2 . Complete t hi s l in e o n l y i f t h eo r g a n i z a t i o n r e p o r t e d i n column ( B ) p o i n tc o s t s from a combined educationalcampaign 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

BAA rorm 99 0 (

TEEA0110 12/19/08


11/45

Form 990 ( 2 0 0 8 ) Donors Capital Fund, Inc 54-1934032 PagPart X Balance Sheet

( A )Beginning o f year ( B )End o f year1 Cash - non-interest-bearing 12 Savings and t e m p o r a r y cash i n v e s t m e n t s 58 537, 580. 2 28, 64 1 293 Pledges and grants r e c e i v a b l e , n e t 34 Accounts r ec e iv a bl e , n e t 45 Re ce iva bles fr o m c u r r e n t and former 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 , ke y employees,

o r other r e l a t e d p a r t i e s . Complete P a r t I I o f Schedule L 56 Rec eiv ab les from o t h e r d i s q u a l i f i e d persons ( a s defined under s e c t i o n 4 9 5 8 ( f ) ( 1 ) ) 4and persons described i n s e c t i o n 4958(c)(3)(B) Complete P a r t I I o f Schedule L 6A

s 7 Notes and loans r ec ei v ab l e, n e t 7E 8 I n v e n t o r i e s f o r s a l e o r use 8s 9 Prepaid expenses and deferred charges 9

10 a Land, b u i l d i n g s , and equipment: c o s t b a s i s 10 a 4 1b Less: accumulated depreciation Complete P a r t V I o f

Schedule D 10 b 10 c1 1 I n v e s t m e n t s - p u b l i c l y - t r a d e d s e c u r i t i e s 20 538 897. 1 1 14, 5 16, 6712 I nv est ment s - o t h e r s e c u r i t i e s . Se e P a r t IV , l i n e 1 1 1213 I nv est ment s - program-related. Se e P a r t I V , l i n e 1 1 1314 I n t a n g i b l e assets 141 5 O t h e r a s s e t s . See P a r t I V , l i n e 1 1 16 126, 604. 1 5 12, 448, 071 6 T o t a l a s s e t s Add l i n e s 1 t h r o u g h 1 5 ( must e q u a l l i n e 3 4 ) 9 5 2 03, 0 81 . 1 6 55,606,0417 Accounts payable and accrued expenses 112, 857. 17 112, 0018 Grants payab le 1819 Deferred revenue 1920 Tax-exempt bond l i a b i l i t i e s 20

B 2 1 Escrow account l i a b i l i t y . Complete P a r t I V o f Schedule D 21L

i22 Payables t o c u r r e n t and former o f f i c e r s , d i r ec t o r s, t r u s te e s , ke y employees,highest compensated employees, and d i s q u a l i f i e d persons Complete P a r t I I r , h , z

o f Schedule L 2223 Se c ur ed m o rt ga ge s a nd notes payab le to unrelated t h i r d p a r t i e s 2324 Unsecured notes and loans payable 2425 Other l i a b i l i t i e s Complete Part X o f Schedule D 289, 166. 25 75,2526 Total l i a b i l i t i e s . Add l i n e s 17 through 25 402,023. 26 187,25

NT

Organizations t h a t follow SFAS 1 1 7 , check here ^ X and c omplete l i n e s27 thr ough 2 9 and l i n e s 33 and 34 .

T

A 27 U n re st ri c te d n e t a s s e t s 94, 801, 058. 2 7 55, 418, 7E 28 Temporarily r e s t r i c t e d n e t assets 28

29 Permanently r e s t r i c t e d n e t assets 29R6

Organizations t h a t do not follow SFAS 1 1 7 , check here ^ and c ompletel i n e s 30 through 3 4 .

R

N 30 C a p i t a l stock o r t r u s t p ri nc ip al , o r c u r r e n t funds 30A 3 1 P a i d - 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 3 1A 32 Retained earnings, endowment, accumulated income, o r o t h e r funds 32N 33 T o ta l n et a s s e t s o r f u n d balances . 94, 801, 058. 3 3 55 , 418, 7E 34 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 / f u n d b a l a n c e s . 9 5, 2 03, 0 81 . 34 55,606,04P a r t X I F i n a n c i a l Statements and Reporting

1 Accounting method used t o prepare t h e F o r m 9 9 0 : F] Cash X1 Accrual F] Other2a Were t h e organization ' s f i n a n c i a l statements compiled o r r ev i ewed b y an independent accountant?b Were t h e organization s f i n a n c i a l statements audited by an independent accountant?c I f 'Yes t o 2a o r 2b , does t h e organization have a committee t h a t assumes r e s p o n s i b i l i t y f o r o v e r s i g h t o f t h e a u d i t ,review , o r compilation o f i t s f i n a n c i a l statements and s e l e c t i o n o f an independent accountant?

3a As a r es ul t o f a f e d e r a l award , wa s t h e o r g a n i z a t i o n r e q u i r e d to unde r go a n a u d i t o r a u d i t s as s e t f o r t h i n t h e S i n g l eAudit Ac t and OMB C i r c u l a r A-133?

BAAI f ' Y e s . ' d i d t h e organization underoo t h e u d i t s 7

T E E A o t t 1 1 2 / 2 2 / 0 8


12/45

OMB No 1545-0047SCHEDULE A P u b l i c C h a r i t y S t a t u s and P u b l i c Su p p o r tForm 990 o r 9 9 0 - F Z ) ^ v 2008

To be completed by a l l section 50 1 (cX3) or g anizations and section 4947(aXl)nonexempt charitable trusts. Open to Public

I n t e r n a lD e p a r t m e n tR e v e n e e S e r v c eT r e a s u r y ^ Attach t o Form 9 9 0 or For m 9 90 - E Z. 0 , See separate i n s t r u c t i o n s . InspectionName o f t h e organization Employer i d e n t i f i c a t i o n numberDonors Cap ital Fund , Inc 54-1934032P a r t i l Reason for Public Charity Status ( A l l oraanizatlons m u s t complete t h i s p a r t . ) (see instructions)Th e organization 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 on e organization )

1 A church, convention o f churches o r association o f churches described i n section 170 ( b X 1 X A ) ( i ) 2 A school described i n section 17 0 (bX1XA)(i). ( A t t a c h Schedule E )3 A h o s p i t a l o r cooperative h o s p i t a l s e r v i c e organization described i n section 17 0 ( b X 1 X A ) ( i i i ) . ( A t t a c h Schedule H )4 A medical research organization operated i n conjunction w i t h a h o s p i t a l described i n section 17 0 (bXlXAXiii) Enter t h e h o s p i t a l ' s

name, c i t y , and s t a t e d_______________________by_____________________

5 F] A n organization operate 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 er s i t y owned o r operated a governmental u n i t described i n section170(bX1XA)(iv). (Complete P a r t I I . )6 8 f e d e r a l , s ta te , o r l oc a l government o r governmental u n i t described i n section 170(b X1XAXv)7 An organization t h a t normally receives a s u bs t an t ia l p a rt 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 describedi n section 170 (bX1XAXvi). (Complete P a r t I I )8 uA community t r u s t described i n section 17 0 (bX1XAXvi). (Complete P a r t I I )9 uA n organization t h a t normally r e c e i v e s : ( 1 ) more than 33-1/3 % 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 pfrom a c t i v i t i e s r e l a t e d to i t s exempt 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 e x c e p t i o n s , and ( 2 ) no more than 33-1/3 % o f i t s support from groinvestment i nc om e a nd unrelated business taxable income ( l e s s s e c t i o n 51 1 t a x ) from bus i n es s es acqu ir e d b y t h e o r g a n i z a t i o n a f t e rJune 3 0 , 1975. See section 509( aX2 ) . (Complete Part I I I )

10 A n organization organized and operated e x c l u s i v e l y t o t e s t f o r p u b l i c s a f e t y See section 509(a X4 ) . (see i n s t r u c t i o n s )1 1 X A n organization organized and operated e x c l u s i v e l y f o r t h e b e n e f i t o f , t o perform t h e f u n c t i o n s o f , o r c a r r y o u t t h e purposes o f one o rmore p u b l i c l y supported organizations described i n s e c t i o n 509(a)(1) o r s e c t i o n 509(a)( 2 ) Se e section 509(a X3 ) . Check t h e box t hdescribes t h e t y p e o f supporting organization and complete l i n e s 1 1 a through 1 1 h

a Type I b uType I I c uType I l l - F u n c t i o n a l l y i n t e g r a t e d d u Type I l l - Othere uBy checking t h i s b o x , I c e r t i f y t h a t t h e organization i s n o t c o n t r o l l ed d i r e c t l y o r i n d i r e c t l y by on e o r more d i s q u a l i f i e d persons o t h e rthan foundation managers an d o t h e r than on e o r more p u b l i c l y supported organizations described i n s e c t i o n 509(a)(1) o r s e c t i o n509(a)(2)I I f t h e organization received a w r i t t e n determination from t h e IRS t h a t i s a Type I , Type I I o r Type I I I supporting o r g a n i z a t i o n ,check t h i s boxg Since August 1 7 , 2006, ha s t h e organization accepted any g i f t o r c o n t r i b u t i o n f rom a ny o f t h e f o l l o w i n g persons?

Yes( 1 ) a person wh o d i r e c t l y o r i n d i r e c t l y c o n t r o l s , e i t h e r alone o r t o g et h er w i th persons described i n ( i i ) an d ( I I I )below , t h e governing body o f t h e supported organization? 1 1 g ( i )( i ) a f a m i l y member o f a person described i n ( I ) above? 1 1 i i )( i i i ) a 35% c o n t r o l l e d e nt it y o f a person described i n ( I ) o r ( i i ) above ? 1 1 g ( i i i )

h Provide t h e f o l l o w in g i n f o r m a t i o n about t h e organizations t h e o r g a n i z a t i o n supports.( i ) Name o f SupportedOrganization ( i i )

E IN (i)Type o f organization(described on f i n e s 1 . 9above o r I RC s e c t i o n(see instructions ) )

( i v ) I s t h eorganization i n c o l() l i s t e d i n yourgoverningdocument

( v) D i d you n o t i f yt h e organization i n

c o l ( ) o fyour support)

( v i ) I s t h eorganization i n co l( I ) organized i n t h eU S 7

( v i i ) A m o un t o f Supp

Ye s No Ye s No Ye s No

Se e Grantee Schedule, At t 70, 868, 2

T o t a l 70 , 8 68 , 2BAA For Privacy Act and Paperwork R e du ct i on A ct N o t i c e , see the Instructions f o r Form 990. Schedule A (Form 990 o r 9 9 0-E Z )

TE E A 0 4 0 1 12/17/08


13/45

S c h e d u l e A (Form 990 o r 990-EZ) 2008 Donors Cap ital Fund, Inc 54-1934032 PagPart I I Support Schedule fo r Organizations Described i n Sections 170(bX1XAXiv) and 17 0 (bX1XAXvi)

( C o m p l e t e o n l y i f you checked t h e b o x o n l i n e 5 , 7 , o r 8 o f P a r t I )Section A. Public SupportC a le nd ar y e ar ( o r f i s c a l yea rbeginning i n ) ( a ) 2 0 0 4 ( b ) 2 0 0 5 ( c ) 2 0 0 6 ( d ) 2 0 07 ( e ) 2 0 0 8 ( f ) T o t a l

1 G i f t s , g r a n t s , c o n t r i b u t i o n s andmembership fe es r eceived (Don o t i n c lu de ' u n u s u a l grants ' )2 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 and

e i t h e r p a i d t o i t o r expendedo n i t s b e h a l f3 Th e value o f services o r

f a c i l i t i e s furnished t o t h eorganization by a governmentalu n i t w i t h o u t charge. Do n o ti n c l u d e t h e value o f services o rf a c i l i t i e s g e n e r a l l y furnished t ot h e p u b l i c without charge

4 T o t a l . Add l i n e s 1 - 35 Th e p o r t i o n o f t o t a lc o n t r i b u t i o n s by each person( o t h e r than a governmental

u n it o r p u b l i c l y supportedo r g a n i z a t i o n ) included o n l i n e 1t h a t exceeds 2% o f t h e a m o u n ts h o w n o n l i n e 1 1 , colu mn ( f )6 Public support . Subtract l i n e 5f r o m l i n e 4

Section B. T o t a l SupportCalendar year ( o r f i s c a l yea rbeginning i n )

7 Am o un ts from l i n e 48 G ross income f r o m i n t e r e s t ,d i v i d e n d s , pay ments receivedo n s e c u r i t i e s l o a n s , r e n t s ,

r o y a l t i e s a nd in co m e f o r ms i m i l a r sources9 Ne t i nco m e f o r m unrelatedbusiness a c t i v i t i e s , wh et h e r o rn o t t h e business i s r e g u l a r l yc a r r i e d o n

10 Other inco me. Do n o t i n c l u d egain o r l o s s f o r m t h e s a l e o fc a p i t a l assets (Explain i nP a r t IV )

1 1 T o t a l support . Ad d l i n e s 7t hr o ug h 10

( a ) 2 0 0 4 ( b ) 2005 (c ) 2 0 0 6 ( d ) 2 007 ( e ) 2 0 0 8 ( f ) T o t a l

12 Gross r e c e i p t s f r o m r e l a t e d a c t i v i t i e s , e t c . (see i n s t r u c t i o n s ) 1213 F i r s t f i v e years. I f t h e F o r m 9 9 0 i s f o r t h e o r g a n i z a t i o n ' s f i r s t , second, t h i r d , f o u r t h , o r f i f t h t a x year as a s e c t i o n 501 ( c ) ( 3 )o r g a n i z a t i o n , check t h i s bo x and s t o p hereS ection C . Computation of Public Support Percentage14 P u b l i c support percentage f o r 2 0 0 8 ( l i n e 6 , column ( f ) d i v i d e d by l i n e 1 1 , column ( f )15 P u b l i c support percentage f o r 2 0 0 7 Schedule A , Part I V - A , l i n e 2 6 f16 a 3 3 - 1 / 3 support t e s t - 2 0 0 8 . I f t h e organization d i d n o t check t h e box o n l i n e 1 3 , and t h e l i n e 14 i s 33-1/3 % o r m o r e, check t h i s bo xand stop her e . Th e organization q u a l i f i e s as a p u b l i c l y supported o r g a n i z a t i o n . ^

b 33-1/3 support t e s t - 2 0 0 7 . I f t h e organization d i d n o t check a bo x o n l i n e 1 3 , o r 1 6 a , and l i n e 1 5 i s 33-1 /3% o r m o r e, check t h i s bo xand stop her e . Th e organization q u a l i f i e s as a p u b l i c l y supported o r g a n i z a t i o n ^17a 10 %- facts-and - circumstances t e s t - 2 0 0 8 . I f t h e organization d i d n o t check a bo x o n l i n e 1 3 , 1 6 a , o r 1 6 b , and l i n e 14 i s 10%

o r more, and i f t h e organization m e e ts t h e 'facts-and-circumstances' t e s t , check t h i s bo x and stop here . Explain i n P a r t I V h o wt h e organization m e e ts t h e 'facts-and-circumstances' t e s t . Th e o r g a n i z a t i o n q u a l i f i e s as a p u b l i c l y supported o r g a n i z a t i o n ^

1 8

b 10%-facts-and - circumstances t e s t - 2 0 0 7 . I f t h e organization d i d n o t check a bo x o n l i n e 1 3 , 1 6 a , 1 6 b , o r 1 7 a , and l i n e 15 i s 10%o r m o r e, and i f t h e organization m e e ts t h e 'facts-and-circumstances' t e s t , check t h i s bo x and stop her e . Explain i n P a r t I V h o w t h eorganization m e e ts t h e 'facts-and-circumstances' t e s t . Th e o r g a n i z a t i o n q u a l i f i e s as a p u b l i c l y supported organization ^P r i v a t e foundation . I f t h e oroanization d i d n o t check a bo x o n l i n e , 1 3 , 1 6 a , 1 6 b , 1 7 a , o r 1 7 b , check t h i s bo x and se e i n s t r u c t i o n s ^

BAA Schedule A ( F o r m 99 0 o r 9 9 0 - E Z )

TEEA0402 12/17/08


14/45

S c h e d u l e A (Form 990 o r 9 9 0 - E Z ) 2008 Donors Capital Fund, Inc 54-1934032 PaPart I I I Support Schedule for Organizations Described i n Section 50 9 ( aX2 )

( C o m p l e t e o n l y i f you checked t h e b o x o n l i n e 9 o f P a r t I )Section A. Public SupportCalendar year ( o r f i s c a l y r b e g i n n i n g i n ) ( a ) 2 0 0 4 ( b ) 2 0 0 5 ( c ) 2 0 0 6 20 07 ( e ) 2 0 0 8 T o t a l

1 G i f t s , g r a n t s , c o n t r i b u t i o n s andmembership fees received (Don o t i n c lu de ' un u s u a l g r a n t s . ' )2 Gross r e c e i p t s f ro madmissions, merchandise s o l d

o r services performed, o rf a c i l i t i e s furnished i n a a c t i v i t yt h a t i s r e l a t e d t o t h eo r g a n i z a t i o n ' s tax-exemptpurpose

3 G r o s s r e c e i p t s f r o m a c t i v i t i e s t h a t a r en o t a n u n r e l a t e d t r a d e o r b u s i n e s su n d e r s e c t i o n 5 1 3

4 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 ande i t h e r paid t o o r expended o ni t s behalf

5 Th e value o f services o rf a c i l i t i e s furnished by agovernmental u ni t t o t h eorganization w i t h o u t charge

6 T o t a l . Add l i n e s 1 - 57a A m o u n ts included on l i n e s 1 ,

2 , 3 received f ro m d i s q u a l i f i e dpersonsb A m o u n ts included on l i n e s 2and 3 received f ro m o t h e r thand i s q u a l i f i e d persons t h a texceed t he g r e a t e r o f 1 % o ft h e t o t a l o f l i ne s 9, 1 0 c , 1 1 ,and 12 f o r t h e year o r $5,000

c Add l i n e s 7a and 7b8 Public support ( S u b t r a c t l i n e

7c fr o m l i n e 6)Section B. Total SupportCalendar y e a r ( o r f i s c a l y r b e g i n n i n g i n ) ^

9 A m o u n ts fr o m l i n e 61 0 a Gross income f ro m i n t e r e s t ,

d i v i d e n d s , pay ments receivedo n s e c u r i t i e s l o a n s , r e n t s ,r o y a l t i e s a nd in co m e fo r ms i m i l a r sources

b Unrelated business taxableincome ( l e s s s e c t i o n 51 1t a x e s ) fr o m businessesacquired a f t e r June 3 0 , 1975

c Add l i n e s 10a and 10b1 1 N et i n c o m e f r o m 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 0 b ,

w h e t h e r o r n ot t h e b u s i n e s s i sr e g u l a r l y c a r r i e d o n1 2 Other income. Do n o t i n cl ud egain o r l o s s f ro m t h e s a l e o fc a p i t a l assets ( E x p l a i n i nPart I V . )13 Total support . ( a d d i n s 9 , i a , 1 1 , a n d 1 2 )14 F i r s t f i v e y e a r s . I f t h e F o r m 9 9 0 i s f o r t h e organization ' s f i r s t , second , t h i r d , f o u r t h , o r f i f t h t a x year as a s e c ti o n 5 0 1 ( c) ( 3)organization , check t h i s bo x and s t o p hereS e c t i o n C . Computation o f P u b l i c Support Percentage _ _

1

15 P u b l i c support percentage f o r 2 0 0 8 ( l i n e 8 , column ( f ) d i v i d e d by l i n e 1 3 , column ( f ) ) 1516 P u b l i c support percentage fr o m 2 0 0 7 Schedule A , Part I V - A , l i n e 27g 16S ec ti on D. Computation o f Investment Income Percentage1 7 Investment income percentage f o r 2 0 0 8 ( l i n e 1 0 c , colu mn ( f ) d i v i d e d by l i n e 1 3 , colu mn ( f ) ) 1 71 8 Investment income percentage f rom 2 0 0 7 Schedule A , P a r t I V - A , l i n e 2 7h 1 81 9 a 33 - 1 1 3 support tests - 2 0 0 8 . I f t h e organization d i d n o t check t h e bo x on l i n e 1 4 , and l i n e 15 i s m o r e than 33-1/3%, and l i n e 1 7 i s n o tm o r e than 33-1/3%, check t h i s bo x and stop h e r e . Th e o r g a n i z a t i o n q u a l i f i e s as a p u b l i c l y supported organization ^

b 33-113 support t e s t s - 2 0 0 7 . I f t h e o r g a n i z a t i o n d i d n o t check a bo x o n l i n e 14 o r 1 9 a , and l i n e 16 i s m o r e than 33-1/3%, and l i n e 18i s n o t m o r e than 33-1/3%, check t h i s bo x and stop h e r e . Th e organization q u a l i f i e s as a p u b l i c l y supported organization ^20 Private foundation . I f t h e organization d i d n o t check a bo x on l i n e 1 4 , 1 9 a , o r 1 9 b , check t h i s bo x and

(a ) 2 0 0 4 ( b ) 2 0 0 5 ( c ) 2 0 0 6 ( d ) 2 0 0 7 ( e ) 2 0 0 8 ( f ) T o t a l

BAA T E e a o 4 o 3 o i 1 2 9 i o 9 Schedule A ( F o r m 9 9 0 o r 990-EZ)


15/45

S c h e d u l e A (Form 990 o r 9 9 0 - E Z ) 2008 Donors Cap ital Fund, Inc 54-1934032 Pa[ Part IV Supplemental Infor mation . Complete t h i s part t o provide the explanation required by Part I I , l i n e 1 0 ;Part I I , l i n e 17a o r 1 7 b ; o r Part I I I , l i n e 1 2 . Provide an y o t h e r a d d i t i o n a l i n f o r m a t i o n . (see i n s t r u c t i o n s )

BAA T E E A o a o a 1 0 / 0 7 / 0 8 Schedule A ( F o r m 9 9 0 o r 990-EZ)


16/45

SCHEDULE D OMB No 1545-004( F o r m 9 9 0 ) Supplemental F i n a n c i a l Statements 2008D e p a r t m e n t o f th e T r e a s u r y Attach to Form 990. To be completed by organizations that Open to PublicI n t e r n a l Revenue S e r v i c e answered 'Yes,' to Form 990, Part I V , lines 6 , 7 , 8 , 9 , 10,11, or 12 . I n spectionName o f t h e o r g a n i z a t i o n Employer I d e n t i f i c a t i o n numberDonors Ca p ital Fund , Inc 54-1934032Part I Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts Complete i fthe organization answered 'Yes' to Form 990. Part I V . l i n e 6 .

( a ) Donor a dvise d fu nds ( b ) Fu nd s a nd o t h e r accounts1 T o t a l number a t end o f year 20.2 Aggregate c o n t r i b u t i o n s t o ( d u r i n g year ) 41 , 649 , 571.3 Aggregate grants from ( during year ) 70 858 213.4 Aggregate value a t end o f year 55,161,415.5 Did t h e organization inform a l l donors and donor advisors i n w r i t i n g t h a t t h e assets h e l d i n donor advisedfunds are t h e organization ' s p r o p e r t y , s u b j e c t t o t h e o r g a n i z a t i o n ' s e x c l u s i v e l e g a l c o n t r o l ? XQ Y e s No6 Did t h e organization inform a l l grantees , donors , and donor advisors i n w r i t i n g t h a t grant funds may beused o n l y f o r c h a r i t a b l e purposes and n o t f o r t h e b e n e f i t o f t h e donor o r donor advisor o r o t h e ri m p e r m i s s i b l e p r i v a t e b e n e f l t 7 ? FX] No

Part ` l l Con s er v a ti on Easements Complete i f the organization answered 'Yes' t o Form 990, Part I V , I i n e 7 .1 Purpose ( s ) o f conservation easements h e l d by t h e o r g a n i z a ti o n ( check a l l t h a t a p p l y )

Preservation o f l a n d f o r p u b l i c us e ( e . g . , r e c r e a t i o n o r p l e a s u r e )HPreservation

Preservation o f an h i s t o r i c a l l y important l a n d areaP r o t e c t i o n o f n a t u r a l h a b i t a t o f c e rt i f ie d h i s to r i c s t r u c t u r ePreservation o f open space

2 Complete l i n e s 2a - 2d i f t h e organization h e l d a q u a l i f i e d conservation c o n t r i b u t i o n i n t h e form o f a conservation easement on t h e l a s t da yo f t h e t a x y ea r

4 1 a Held a t the E n d o f the Y eara T o t a l number o f conservation easements 2 ab T o t a l acreage r e s t r i c t e d by conservation e a s e m e n t s 2bc Number o f conservation easements on a c e rt i f ie d h i s to r i c s t r u c t u r e i n c l u d e d i n ( a ) 2cd Number o f conservation e a s e m e n t s included i n ( c) acquired a f t e r 8 / 17/06 2d

3 Number o f conservation e a s e m e n t s modified , t r a n s f e r r e d , r e l e a s e d , extinguished , o r terminated by t h e o r g a n i z a t i o n d u r i n g t h e t a x a b l eyear

4 Number o f s t a t e s where property s u b j e c t to conservation e a s e m e n t i s l o c a t e d5 Does t h e organization have a w r i t t e n p o l i c y regarding t h e p e r i o d i c monitoring , i n s p e c t i o n , v i o l a t i o n s , and

enforcement o f t h e conservation e a s e m e n t i t holds? F1 Y e s No6 S t a f f o r volunteer hours de v ot ed to monitoring , i n s p e c t i n g , and e n f o r c i n g easements during t h e year7 Amo u n t o f e xpenses i n c u r r e d i n monitoring , i n s p e c t i n g , and e n f o r c i n g easements during t h e year ^ $8 D oe s e ach conservation easement reported on l i n e 2 ( d ) above s a t i s f y t h e requirements o f s e c t i o n

1 7 0 ( h ) ( 4 ) ( B ) ( i ) and 1 7 0 ( h ) ( 4 ) ( B ) ( i i ) ' [] Y e s No9 I n P a r t X I V , describe how t h e organization r e p o r t s conservation easements i n i t s revenue a nd e x pe ns e statement, and balance s h e e t , an

i n c l u d e , i f a p p l i c a b l e , t h e t e x t o f t h e f o o t n o t e t o t h e o r g a n i za t io n 's f i n a n c i a l statements t h a t describes t h e o r g a n i z a t i o n ' s accounting f o rconservation easements.. P a r t 1 1 $ Organizations Maintaining Collections of A r t , H i s t o r i c a l Treasures , or Other Similar AssetsComplete i f the organization answered ' Y e s ' t o Form 990, P a r t I V , l i n e 8 .

1 a I f t h e organization elected , as permitted under SFAS 1 1 6 , n o t t o r e p o r t i n i t s rev e n u e st a t em e n t and balance sheet works o f a r t , h i s t o r i c at r e a s u r e s , o r o t h e r s i m i l a r assets h e l d f o r p u b l i c e x h i b i t i o n , e d u c a t i o n , o r research i n furtherance o f p u b l i c s e r v i c e , provide , i n P a r t X IV ,t h e t e x t o f t h e footnote t o i t s f i n a n c i a l statements t h a t describes these i t e m s .

b I f t h e organization e l e c t e d , as permitted under SFAS 1 1 6 , n o t t o r e p o r t i n i t s rev e n u e st a t em e n t and balance sheet works o f a r t , h i s t o r i c at r e a s u r e s , o r o t h e r s i m i l a r assets h e l d f o r p u b l i c e x h i b i t i o n , education, o r research i n furtherance o f p u b l i c s e r v i c e , p r o v i d e t h e f o l l o w i n gamounts r e l a t i n g t o these items( i ) R e v e n u e s included i n Form 9 9 0 , Part V I I I , l i n e 1 $( i i ) Assets included i n Form 990, P a r t X $

2 I f t h e organization received o r h e l d works o f a r t , h i s t o r i c a l t r e a s u r e s , o r o t h e r s i m i l a r assets f o r f i n a n c i a l g a i n , p r o v i d e t h e f o l l o w i n gamounts r e q u i r e d to be reported under SFAS 116 r e l a t i n g t o these i t e m s :a R e v e n u e s included i n Form 990, P a r t V I I I , l i n e 1 $b Assets i n c l u d e d i n Form 990, P a r t X $

BAA Fo r Privacy Act a n d P a pe rw or k Reduction Act N o t i c e , see the Instructions f o r Form 990. Schedule D (Form 990)

T EEA 3 3 0 1 12/23/08


17/45

Sche dule D (Form 990) 2008 Donors Capital Fund, Inc 54-1934032 PaPart 1 1 1 I Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)3 Using t h e o r g a n i z a t i o n ' s accession and o t he r r e co r d s , check any o f t h e f o l l o w i n g t h a t are a s i g n i f i c a n t u se o f i t s c o l l e c t i o n items (check at ha t a p pl y ):

a P u b l i c e x h i b i t i o n d Loan o r exchange programsb Scholarly research e Otherc Preservation f o r f u t u r e generations

4 Provide a d e s c r i p t i o n o f t h e o r g a n i z a t i o n ' s c o l l e c t i o n s and e x p l a i n ho w they f u r t h e r t h e o r g a n i z a t i o n ' s exempt purpose i nPart XIV5 During t h e y e a r , d i d t h e organization s o l i c i t o r r e c e i v e donations o f a r t , h i s t o r i c a l t r e a s u r e s , o r o t h e r s i m i l a ra s s e t s t o b e s o l d t o r a i s e f u n d s r a t h e r t h a n t o b e m a i nt a in e d a s p a r t o f t h e o r g a n i z a t i o n ' s c o l l e c t i o n ? Yes N

Part IY Trust , Escrow and Custodial Arrangements Complete i f organization answered ' Y e s ' t o Form 990, PartI V , l i n e 9 , or reported an amount on Form 9 9 0, Part X, l i n e 21 .

1 a I s t h e organization an a g e n t , t r u s t e e , c u s t o d i a n , o r o t h e r intermediary f o r c o n t r i b u t i o n s o r o t h e r assets n o tincluded on Form 9 90 , Part X? 11 Y es Nb I f ' Y e s , ' e x p l a i n t h e arrangement i n P a r t XIV and complete t h e f o l l o w i n g t a b l e *

Amo untc Beginning balance 1 Cd Additions during t h e year 1 de D i s t r i b u t i o n s during t h e year 1 ef Ending balance 1 f

2a Did t h e organization i n c l u d e an amount on Form 990, P a r t X , l i n e 2 1 ? Yes Nb I f ' Y e s , ' e x p l a i n t h e arrangement i n P a r t XIV

Part Endowment F u n d s Complete i f organization answered ' Y es ' t o Form 990, P a r t I V , l i n e 1 0 .( a l r r r e n t y e a r ( h l P r i o r y e a r ( c l Tw o y e a r s h a c k ( d ) T h r e e y e a r s b a c k ( e) F ou r n e a r s b a

1 a Beginning o f year balance 94,344 , 489.b Contributionsc Investment earnings o r lossesd G rant s o r scholarships 70 , 858 213.e Other expenditures f o r f a c il i ti e sand programsf Administrative expensesg End o f year balance

2 Provide t h e estimated percentage o f t h e year end balance h e l d a s :a Board designated o r quasi-endowment P , 100.00 %b Permanent endowment ^ 0.00 %c Term endowment 1 , 0.00%

3a Ar e t h e r e endowment funds n o t i n t h e possession o f t h e o r ga n iz a t io n t h a t are h e l d and administered f o r t h eorganization b y , Yes( i ) unrelated organizations 3 a ( i )( i i ) r e l a t e d organizations 3 a ( i i )

b I f 'Yes ' t o 3 a ( i i ) , are t h e r e l a t e d organizations l i s t e d as r e q u i r e d o n S ch ed u l e R' 3 b4 Describe i n P a r t XI V t h e intended uses o f t h e organization ' s endowment funds

' o'ifl u l l ` Inwactman+ c-1 and Rnilrlinne anti Fniiinmpnt qpim Fnrm cign Part X Imp 10D e s c r i p t i o n o f investment ( a ) Cost o r o t h e r b a s i s( investment ) ( b )

Cost o r o t h e rbasis ( o t h e r )

( c ) Depreciation ( d ) Book Value

1 a Landb Buildingsc Leasehold improvementsd Equipmente O t h e r

T o t a l . Ad d l i n e s la - le (Column ( d ) should equal Form 9 9 0 , Part X , column (B ) , l i n e 10(c))BAA

41 649,571.-9 422,190.

552,242.55,161 415.

Schedule D (Form 990)

TEEA3302 12/23/08


18/45

Schedule D (Form 990) 2008 Donors Capital Fund , Inc,Part V11 I Investments-Other Securities See Form 9 90 , P art X, Ilne 12

( a ) D e s c r i p t i o n o f s e cu r it y o r category ( b ) Book value( i n c l u d i n g name o f s e c u r i t y )

F i n a nc i a l d e ri v a t iv e s and o t h e r f i n a n c i a l productsC l o s e l y - h e l d e q u i t y i n t e r e s t sOther -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------T o t a l . ( C o l u m n ( b ) s h o u l d e q u a l F o r m 9 9 0 P a r t X , c o l . ( B ) l i n e 1 2 )

I n v e st me n ts-Pro g ram Related ( See Form 9 90 , Part X , l i n e 1( a ) D e s c r i p t i o n o f i n v e s t m e n t t y p e ( b ) Book v a l u e

54-1934032

( c ) Method o f v a l u a t i o nCost o r end - o f - y e a r market v a l e

( c ) Method o f v a l u a t i o nCost o r end-of-year market value

T o t a l . C o l u m n b s h o u l d e q u a l F o r m 9 9 0 , P a r t X , C o l B l i n e 1 3 ^ . ^ - : r b ^ ^_ s _:LYW Athar Accatc (Cap Fnrm QQn Part X lino 1 9 ; )

( a ) D e s c r i p t i o n ( b ) Book valueInvestment in Caxton Select LLC 11,669,38Investment in DCF LLC 778 68

T o t a l . Column ( b ) T o t a l ( should equal F o r m 9 9 0 , Part X , c o l ( 8 ) , l i n e 1 5 ) ^ 12,448,07Fart ) J- : J Other L i a b i l i t i e s ( Se e Form 990, Part X , I l n e 25 )

( a ) Descri p t i o n o f L i a b i l i t y ( b ) Amount a m a r "4 1 ,Federal Income Taxes

Amount due Donors Trust , Inc. 75,259. 4 P

T o t a l . C o l u m n ( b ) T o t a l ( s h o u l d e q u a l F o r m 9 9 0 , P a r t X , c o l . ( B ) l i n e 2 5 ) 75,259.1I n P a r t X I V , provide t h e t e xt o f t h e footnote t o t h e o r g a n i za t i o n 's f i n a n c i a l statements t h a t r e p o r t s t h e o r g a n i z a t i o n ' s l i a b i l i t y f o r u n c e r t a i n t a xp o s i t i o n s under FI N 4 8 .BAA m 3 0 3 1 0 / 2 9 / 0 8 Schedule D (Form 990)


19/45

Schedule D (Form 990) 2008 Donors Capital Fund , Inc 54-1934032 PaP a r t X L R e c o n c i l i a t i o n o f Chan g e i n Net A s se ts f rom Form 990 t o F i n a n c i a l Statements

1 T o t a l revenue (Form 990, Part VIll,column ( A ) , l i n e 1 2 ) 37 , 509 , 592 T o t a l ex pen s es ( F or m 990, P a r t I X , column ( A ) , l i n e 25 ) 71 , 553,133 Excess o r ( d e fi ci t ) f o r t h e year Subtract l i n e 2 from l i n e 1 -34,043,544 N et unrealized gains ( l o s s e s ) on investments -5 , 328,725 Donated services an d us e o f f a c i l i t i e s6 I nvest ment expenses7 P r i o r p e r i o d adjustments8 Other (Describe i n Part XIV)9 T o t a l a d j u s t m e n t s ( n e t ) Add l i n e s 4 - 8 -5 , 328,72

10 Excess o r ( d e f i c i t ) f o r t h e y ear p e r f i n a n c i a l statements Comb ine l i n e s 3 an d 9 -39,372,26Part X I I Reconciliation of Revenue p e r Audited Financial S t at e m en t s W i t h Revenue p e r Return

1 T o t a l revenue, g a i n s , an d o t h e r support per a u d i t e d f i n a n c i a l statements 1 32,180 , 862 Amounts included on l i n e 1 b u t n ot on Form 990, P a r t V I I I , l i n e 1 2a N et unrealized gains on investments 2a -5,328,724.b Donated services an d us e o f f a c i l i t i e s 2bc Recoveries o f p ri or year grants 2cd Other (Describe i n Part XIV) 2de A dd l i n e s 2a through 2d 2e -5,328,72

3 Subtract l i n e 2e from l i n e 1 3 37, 509, 594 A moun t s included on Form 990, P a r t V I I I , l i n e 1 2 , b ut n o t on l i n e 1 -

a Investments expenses n o t included on Form 990, P a r t V I I I , l i n e 7 b 4ab O th er (Describe i n Par t X I V) 4bc A dd l i n e s 4a an d 4b 4c

5 T o t a l revenue A dd l i n e s 3 an d 4 c. ( Th i s s hould equal Form 9 9 0 , P a r t I , l i n e 1 2 . ) 5 37,509,59P a r t X I 1 1 I R e c o n c i l i a t i o n o f Ex p enses p e r Audited F i n a n c i a l Statements With Ex p enses p e r Return

1 T o t a l expenses an d losses per audited f i n a n c i a l statements 1 71,563,132 Amounts included on l i n e 1 b u t n o t on Form 990, P a r t I X , l i n e 25

a Donated services an d us e o f f a c i l i t i e sb P r i o r year adjustmentsc Losses reported on Form 990, P a r t I X , l i n e 25d O t her (Des cr ib e i n Part XIV)

2a2b2c2d 10,000.

e A dd l i n e s 2a through 2d 2e 10,003 S u b t r a c t l i n e 2e f r o m l i n e 1 3 71,553 , 1 34 A moun t s included on Form 990, P a r t I X , l i n e 2 5 , b u t n o t on l i ne 1 :

a Investments expenses n o t included on Form 990, P a r t V I I I , l i n e 7 b 4ab Other (Describe i n Par t X I V ) 4bc A dd l i n e s 4 a and 4b 4c

5 T o t a l ex p enses A dd l i n e s 3 and 4c ( T h i s should equal Form 9 9 0 , P a r t I , l i n e 18) 5 71,553,13Part X I V A SuDDlemental InformationComplete t h i s p a r t t o provide t h e d e s c r i p t i o n s r e q u i r e d f o r P a r t I I , l i n e s 3, 5 , an d 9 ; Part I I I , l i n e s la an d 4 , P a r t I V , l i n e s lb and 2 b , P a r t V ,l i n e 4 , Part X ; Part X I, l i n e 8 , P a r t X I I , l i n e s 2d an d 4 b ; an d P a r t X I I I , l i n e s 2d an d 4b

Pt-V Line- 4 _ _ _ _ _All quasi=endowment funds-are held as donor-advised funds------ ----------------------------------------

BAA T E E A 3 3 o 4 1 v 2 3 1 0 8 Schedule D (Form 990)


20/45

Schedule D ( F o r r n 9 9 0 ) 2008 Donors Ca p ital Fund, Inc 54-1934032 PaPart XIV Supplemental Information (continued)

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------BAA r 3 o 5 0 7 i 2 4 i o 8 S c h e d u l e D (Form 990)


21/45

SCHEDULE I Grants and Ot h er As s is t an ce t o O r g a n i z a t i o n s , O M B N o 1 s 4 5 - 0(Form 990) Governments and I n d i v i d u a l s i n t h e U . S . 2008^ Complete i f t h e o r g a n i z a t i o n answered ' Y e s , ' on Form 9 9 0 , P a rt I V , l i ne s 2 1 o r 2 2. $Op en t o P u b lD epartment of t he TreasuryI n t e r n a l Revenue S e r v i c e ^ A t t a t c h to Form 990. InSOn

Name o f t h e o r g a n iz a t i o n Employer i d e n t i f i c a t i o n numberDonors Capital Fund, Inc 54-1934032P a r t I I G e n e r a l I n f o r m a t i o n on Grants and Assistance

1 Does t h e o r g a n iz a t i on mainta in r ecords t o s u b s t a n t i a t e t h e amount of t h e g r a n t s o r a s s i s t a n c e , t h e g r a n te e s ' e l i g i b i l i t y f or t h e g r a n t s o r a s s i s t a n c e , an dt h e s e le c ti o n c r i t e r i a used to a w a r d t h e g r a n t s o r assistance? XD Ye s

2 Des cr ibe i n P a r t I V t he o r g a n i z a t i o n ' s p rocedures f o r m o n i t o r i n g t h e us e o f g r a n t funds i n t h e United S t a t e s .P a r t 1 1 Grants and Other Assistance t o Governments and O r g a n i z a t i o n s i n t h e U n i t e d S t a t e s . Complete i f t h e o r g a n i z a t i o n answered ' Y e s ' o n Form

9 9 0 , P a r t I V , l i n e 2 1 f o r any r e c i p i e n t t h a t r e c e i v e d more t h a n $ 5 , 0 0 0 . C h e c k t h i s b o x i f n o on e r e c i p i e n t r e c e i v e d more t h a n $ 5 , 0 0 0 . UseP a r t I V an d Schedule I - 1 Form 99 0 ) i f a d d i t i o n a l s p a ce i s n e e d e d1 (a ) Name an d address of o r g a n i z a t i o n)

o r government(b ) EI N ( c) IR C s e c t i o n

if a p p l i c a b l e( d) Amount of ca s h g r a n t ( e) Amou n t of non-cashassistance

Method of v a l u a t i o n( b o o k , FMV, a( MV , a pp r a i s a l ,o t h e r )

( g) D e s c r i p t i o n ofn on -ca s h assistance(h ) Pur pos e of

or assistanc

See schedule, attached----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2 Enter t o t a l n um ber of s e c t i o n 50 1 ( c ) ( 3 ) an d government o r g a n i z a t i o n s3 En t er t o t a l n um ber of o t h e r o r g a n i z a t i o n s

BAA Fo r Privacy Ac t a n d P a p er w o r k Reduction Ac t Notice , se e th e I n s t r u c t i o n s f o r Fo rm 99 0 . T E E A 3 9 0 1 1 2 / 1 9 / 0 8 Schedule I (Form 990


22/45

S c h e d u l e I (Form 9 9 0 ) 2008 Donors Cap ital Fund , Inc 54-1934032Pa r t 1 1 1 Grants and Other Assistance to Individuals i n th e United States . Co mpl ete i f the organization answ er ed ' Y e s ' o n Form 990, Part I V , l i n e 22Use Schedule I - 1 (Form 9 9 0 ) i f a d d i t i o n a l space i s n e e d e d .

(a ) Type of grant or assistance (b ) Number ofr e c i p i e n t s (c ) A m o u n tof

cash g r a n t(d ) Amount ofnon-cash assistance (e ) Method of v a l u a t i o n

( b o o k ,FMV, a p p r a i s a l , o t h e r )(f ) D e s c r i p t i o n of non-cash assistance

P a r t I V Supplemental I n f o r m a t i o n . Complete t h i s p a r t t o p r o v i d e t h e i n f o r m a t i o n r e q u i r e d i n P a r t I , l i n e 2 , and any o t h e r a d di t i o na l i n fo r m a t io n .P t I Line 2 _ _ _ _The_ Organization requires_ each_grant recipient to sign a_ letter stating _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

P t -I Line- 2 - _ _ _ _ -grants will not be used to_benefit_any disqualified person.- All grants------- --- -------------------P t -I Line- 2 - _ _ _ _ _ are_made_to U_S._ public charities.-The-Organization relies upon the------- --------- ---------------------P t _I Line 2 _ _ _ _ _ _ the_ oversig t provided-by_ United States - and-individual states' -rules and------------------------------P t -I Line- 2 - _ _ _ _ -regulations applicable-to-such-charities------- ------------------------------------------------------

Schedule I ( F o r m 99BAA

TEEA3902 10/02/08


23/45

SCHEDULEJ(Form 9 9 0 )

Department o f t h e TreasuryI n t e r n a l Revenue ServiceName of th e organizationDonors Capital Fund, Inc

Compensation I n f o r m a t i o nFor c e r t a i n O f f i c e r s , D i r e c t o r s , Trustees, Ke y Employees, and HighestCo m pensated Employees

Attach t o F o r m 990. To be completed by organizations t h a tanswered ' Y e s' t o F o r m 990, Part I V , l i n e 2 3 .

OMB No 1545-0 047

2 0 0 8Open to Publi c

InspectionEmployer i d e n t i f i c a t i o n number54-1934032

Ye sa l l ,1 a C h e c k t h e appropriate box(es ) i f t h e organization provided an y o f t he f o l l o wi n g t o o r f o r a person l i s t e d i n F o r m 9 9 0, P a r tV I I , Section A , l i n e la Complete Part I I I t o provide an y r e l e v a n t i n f o r m a t i o n regarding t he se ite ms

F i r s t - c l a s s o r c h a r t e r t r a v e l Ho us i ng allowanc e o r residence f o r personal us eT r a v e l f o r c o mpani ons Payments f o r business us e o f personal residenceTax i n d e m n i f i c a t i o n an d gross - up payments Health o r s o c i a l club dues o r i n i t i a t i o n feesD i s c r e t i o n a r y spending account Personal services ( e g , ma id , c h a u f f e u r , c h e f )

b I f l i n e la i s checked, d i d t h e organization f o l l o w a w r i t t e n p o l i c y regarding payment o r reimbursement o r p r o v i s i o n o f a l lo f t h e expenses described above? I f ' N o , ' complete Part I I I t o e x p l a i n

2 D i d t h e organization r e q u i r e s u b s t a n t i a t i o n p r i o r t o reimbursing o r a l l o w i n g expenses i n c ur r e d b y a l l 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 , an d t h e CEO/Executive D i r e c t o r , regarding t h e items checked i n l i n e 1a?

1b

2

3 I n d i c a t e which, i f any, o f t h e f o l l o w i n g organization uses t o e s ta b l is h t h e compensation o f t h e o r g a n i z a t i o n ' sCEO/Executive D i r e c t o r C h e ck a l l t h a t applyX Compensati on committee W r i t t e n employment c o n t r a c t

Independent compensation consultant Compensati on survey o r studyX F o r m 9 9 0 o f o t h e r organizations Approval by t h e board o r c o m p en sa ti o n c o m m i tt ee

4 During t h e y e a r , d i d an y person l i s t e d i n F o r m 990, P a r t V I I , Section A , l i n e 1 a :a Receive a severance payment o r c hange o f c o n t r o l payment?b P a r t i c i p a t e i n , o r r e c e i v e payment from, a supplemental n o n q u a l lf l e d r e t i r em e n t plan?c P a r t i c i p a t e i n , o r r e c e i v e payment from, an equity-based compensation arrangement?

I f ' Y e s ' t o an y o f 4 a - c , l i s t t h e persons an d provide t h e a p p l i c a b l e amounts f o r each item i n P a r t I I I

4a4b4 c

Only 50 1 ( cX3) an d 501(cX4) organizations m u st complete l i n e s 5 - 8 .5 Fo r persons l i s t e d i n F o r m 990, Part V I I , Section A , l i n e 1 a , d i d t h e o r g a n i z a t i o n pa y o r accrue an y compensation

contingent on t h e revenues o f .a The organization? 5ab Any r e l a t e d organization? 5b

I f ' Y e s ' t o l i n e 5a o r 5 b , describe i n Part I I I6 For persons l i s t e d i n F o r m 9 90 , P ar t V I I , Section A , l i n e 1 a , d i d t h e o r g a n i z a t i o n pa y o r accrue an y compensationcontingent on t h e n et earnings o f :

a Th e organization' 6ab A ny r e l a t e d organization? 6b

I f ' Y e s ' t o l i n e 6a o r 6 b , describe i n Part I I I .7 Fo r person l i s t e d i n F o r m 9 9 0, Part V I I , Section A , l i n e 1 a , d i d t h e o r g a n i z a t i o n provide an y n o n - f i x e d payments n o tdescribed i n l i n e s 5 and 67 I f ' Y e s , ' describe i n Part I I I 78 Were an y amounts reported i n F o r m 990, P a r t V I I , p a i d o r accrued pursuant t o a contract t h a t was s u b j e c t t o t h e i n i t i a lc o n t r a c t exception described i n Regs. s e c t i o n 53 4958-4(a)(3)? I f ' Y e s , ' describe i n Part I I I 8

BAA Fo r Privacy Act a nd P a pe r wo r k Reduction Act Notice , se e the Instructions f o r Form 9 9 0 . Schedule J ( F o r m 9 9 0)

TEE A 4 1 0 1 12/23/08


24/45

S c h e d u l e J ( F o r m 9 9 0 ) 2008 Donors Ca p ital Fund , Inc 54-1934032Part I I Officers, Directors , Trustees , Key Employees , and Highest Compensated Employees . Use Schedule J - 1 i f additional space i s

donors capital 2008 990

Documents