I I990s.foundationcenter.org/990pf_pdf_archive/541/541900372/541900372... · I I Form 990-PF I...

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Form 990-PF I Return of Private Foundation OMB No 1545-0052

or Section 4947(a)(1) Nonexempt Charitable Trust

2006Department of the Treasury Treated as a Private FoundationInternal R'Wenue Service

Note: The foundation may be able to use a copy of this return to satisfy state reporting requirements

For calendar year 2006 , or tax year beginning , and ending

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Use the IRS Name of foundation A Employer identification number

label. HE WILLIAM G. REYNOLDS, JR. CHARITABLE

Otherwise , FOUNDATION 54-1900372print Number and street (or P 0 box number if mail is not delivered to street address) Room/suite B Telephone number

or type . P. O. BOX 70459 804-267-3603See SpecitlcInstructions . City or town, state, and ZIP code C If exemption application is pending , check here ►a

-ICHMOND, VA 23255 0 1. Foreign organizations , check here 1H Check a of organization [XI Section 501 c 3 exempt private foundationtype ()()

2. Foreign organizations meeting the 85% test, ►check here and attach computation

0 Section 4947(a)(1) nonexempt charitable trust 0 Other taxable private foundationE If ft d t t t t t d

I Fair market value of all assets at end of year J Accounting method 0 Cash Accrualpriva oun ion s us wase a a ermina e

under section 507(b)(1)(A), check here ►0(from Part ll, col. (c), line 16) = Other (specify ) F If the foundation is in a 60-month termination► $ 1,317,576 . (Part 1, column (d) must be on cash basis ) under section 507 ( b )( 1 ) B), check here ►0P I Analysis of Revenue and Expenses

(rhe total of amounts in columns ( b), (c), and (d) may not(

erandbooksex enses

(b) Netincomeinvestment Adjusted net(c)

income(d) Disbursements

for chartable purposesnecessarily equal the amounts in column (a)) p p (cash basis only)

1 Contributions, gifts, grants , etc , received

2 Check lit- If the foundation is not required to attach Sch B

3In teres t

i nvestmentss and temporary 11,172. 11,172. STATEMENT 1

4 Dividends and interest from securities 24,959. 24,959. STATEMENT 25a Gross rents

b Net rental income or (loss)

62 2286a Net gain or (loss) from sale of assets not on line 10 , .

Cb

Gross sales price for all4 0 1 2 2 3.assets on line 6a , REC ED

4,

^d 7 Capital gain net income (from Part IV , line 2) 62,228.

8 Net short-term capital gain o C^

9 Income modificationsGross sales less returns

10a and allowances

b Less Cost of goods sold OGDE V]c Gross profit or (loss)

11 Other income

12 Total . Add lines 1 through 11 98 , 359. 98,359. 0.13 Compensation of officers , directors, trustees, etc 0 . 0. 0. 0.

14 Other employee salaries and wages

15 Pension plans , employee benefits

16a Legal fees

a b Accounting fees STMT 3 2,250. 2,250. 0. 0.W c Other professional fees

17 Interest

2 18 Taxes STMT 4 300. 0. 0. 0.T* 19 Depreciation and depletion

E 20 Occupancy

4 21 Travel, conferences, and meetings

22 Printing and publications

co 23 Other expenses STMT 5 12,239. 12,239. 0 . 0.0 24 Total operating and administrative

a expenses . Add lines 13 through 23 14 , 789. 14,489. 0 . 0 .0

25 Contributions , gifts, grants paid 59,500. 59,500.26 Total expenses and disbursements.

Add lines 24 and 25 74 , 289. 14 , 489. 0. 59,500.27 Subtract line 26 from line 12

a Excess of revenue over expenses and disbursements 24,070.

b Net Investment Income(if negative, enter -0-) 83,870.c Adjusted net income (if negative , enter -0-) 0.

LHA For Privacy Act and Paperwork Reduction Act Notice , see the Instructions Form 990-PF (20062350101-29-07

110440509 743970 WGRFDN 2006.05050 THE WILLIAM G. REYNOLDS, JR WGRFD 1

I r

THE WILLIAM G. REYNOLDS, JR. CHARITABLE

Form 990- PF 12006) FOUNDATION 54-1900377 Pana2

Balance Sheets edsthedulesandamountsinthedesenpbonFo^Beginning of year End of year

^fi column should beforend - ot-year amounts only (a) Book Value (b) Book Value ( c) Fair Market Value

1 `Cash - non-Interest - bearing

2 Savings and temporary cash investments 11,011. 83,285* 117,285.3 Accounts receivable ►

Less allowance for doubtful accounts ►4 Pledges receivable ►

Less allowance for doubtful accounts ►5 Grants receivable

6 Receivables due from officers , directors, trustees, and other

disqualified persons

7 Other notes and loans r vable ►

Less allowance for doubtful accounts ►8 Inventories for sale or use

9 Prepaid expenses and deferred charges

a 10a Investments - U S and state government obligations STMT 6 260,495. 273,836. 269,039.b Investments - corporate stock STMT 7 803,594. 771,901. 930,543.c Investments - corporate bonds

11 Investments - land. buildings , and equipment basis ►

Less accumulated deprecation ►

12 Investments - mortgage loans

13 Investments - other STMT 8 30,547. 0. 0.14 Land , buildings , and equipment basis ►

Less accumulated depreciation ►

15 Other assets ( describe ► STATEMENT 9 14. 709. 709.

16 Total assets to be comp leted by all filers 1, 10 5 6 61 . 1,129 , 731.. 1 , 317,576.17 Accounts payable and accrued expenses

18 Grants payable

19 Deferred revenue

20 Loans from officers, directors , trustees, and other disqualified persons

21 Mortgages and other notes payable

J 22 Other liabilities (describe ►

23 Total liabilities (add lines 17 throug h 22 ) 0. 0.

Foundations that follow SFAS 117, check here ► 0and complete lines 24 through 26 and lines 30 and 31.

24 Unrestricted

25 Temporarily restricted

m 26 Permanently restricted

Foundations that do not follow SFAS 117, check here ► FROLL and complete lines 27 through 31.

0 27 Capital stock , trust principal , or current funds 0. 0 -

28 Paid - in or capital surplus, or land , bldg , and equipment fund 0. 0 -

a 29 Retained earnings , accumulated income, endowment , or other funds 1,105,661. . 1,129,731 -Z 30 Total net assets or fund balances 1,105,661. 1,129,731 -

31 Total liabilities and net assets and balances 1,105 , 661. 1 , 129 , 731 -

p ii Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column ( a), line 30

(must agree with end -of-year figure reported on prior year ' s return ) 1 1,105,661 .

2 Enter amount from Part I , line 27a 2 2 4 , 0 7 0 .

3 Other increases not included in line 2 ( itemize) ► 3 0

4 Add lines 1 , 2, and 3 4 -1,129,731

5 Decreases not included in line 2 ( itemize) ► 5 0

6 Total net a ssets or fund balances at end of year ( line 4 minus line 5) - Part II , column (b), line 30 6 1,129 ,731

Form 990-PF (2006)62351103-08-07

210440509 743970 WGRFDN 2006.05050 THE WILLIAM G. REYNOLDS, JR WGRFDN 1

THE WILLIAM G. REYNOLDS, JR. CHARITABLEForm 990-PF (2006) FOUNDATION 54-1900372 Part IV Caaital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e g , real estate ,2-story brick warehouse , or common stock , 200 shs MLC Co)

( b How acquiredPurchase

D - Donation(c' Date acquired(mo , day , yr)

( d) Date sold(mo , day, yr )

1a

b SEE ATTACHED STATEMENTSCd

e

(e) Gross sales price ( t) Depreciation allowed(or allowable)

( g) Cost or other basisplus expense of sale

( h) Gain or (loss)(e) plus ( f) minus (g)

a

b

c

d

e 401,223. 1 1 338,995. 62,228.Complete only for assets showing gain in column ( h) and owned by the foundation on 12 /31/69 (I) Gains (Col (h) gain minus

(1) F M V as of 12/31/69(j) Adjusted basisas of 12/31/69

( k) Excess of col (i)over col (1), if any

col ( k), but not less than -0-) orLosses (from col (h))

a

b

c

d

e 62,228.

2 Capital gain net income or (net capital loss) ^ If gain, also enter in Part I, line 7 1If (loss), enter -0- in Part I , line 7 J

2 62 , 228.

3 Net short-term capital gain or ( loss) as defined in sections 1222 ( 5) and (6)If gain , also enter in Part I, line 8, column (c)If (loss ), enter -0- in Part I , line 8 3 N/A

I Cr'art v I uua11Tlcatlon under Section 494u(e) Tor Keclucecl I ax on Net investment income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )

If section 4940(d)(2) applies, leave this part blank

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes ^X No

If'Yes " the foundation does not qualify under section 4940 (e) Do not complete this part1 Enter the appropriate amount in each column for each year , see instructions before makina any entries

Base peiod yearsCalendar year ( or tax year be g innin g in ) ( mAdjusted qualifying distributions (c )Net value of nonchantable-use assets

Distribution ratio(col (b) divided by col (c))

2005 62,500. 1,198,243. .0521602004 32,417. 601,813. .0538662003 22,012. 269,098. .0817992002 3,572. 264,036. .0135282001 15 285. 321,011. .047615

2 Total of line 1 , column (d) 2 .2489683 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5,

the foundation has been in existence if less than 5 years

or by the number of years

3 . 0 4 9 7 9 4

4 Enter the net value of noncharitable -use assets for 2006 from Part X, line 5 4 1,244,250.

5 Multiply line 4 by line 3 5 61,956.

6 Enter 1% of net investment income ( 1% of Part I , line 27b) 6 839.

7 Add lines 5 and 6 7 62,795.

8 Enter qualifying distributions from Part XII, line 4 _ 8 59,500.

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rateSee the Part VI instru ctions

623521/01-29-07 Form 990-PF (2006)3


THE WILLIAM G. REYNOLDS, JR. CHARITABLEForm 990-PF (2006) FOUNDATION 54-19 00372 Part Vt Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)

1 a Exempt operating foundations described in section 4940(d)(2), check here ► E] and enter'N/A' on line 1

Date of ruling letter ( attach copy of ruling letter if necessary-see instructions)

b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ► and enter 1 % 1 1,677.

of Part I, line 27b

c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, col (b)

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 2 0.

3 Add lines 1 and 2 3 1,677.

4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 4 0.

5 Tax based on investment Income . Subtract line 4 from line 3 If zero or less, enter -0- 5 1,677.

6 Credits/Payments

a 2006 estimated tax payments and 2005 overpayment credited to 2006 6a

b Exempt foreign organizations - tax withheld at source 6b

c Tax paid with application for extension of time to file (Form 8868) 6c

d Backup withholding erroneously withheld 6d

7 Total credits and payments Add lines 6a through 6d 7 0.

8 Enter any penalty for underpayment of estimated tax Check here 0 if Form 2220 is attached 8 17.

9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9 1,694.10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ► 10

11 Enter the amount of line 10 to be Credited to 2007 estimated tax ► Refunded ► 11

Part VUCA Statements Regarding Activitiesla During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in Yes No

any political campaign? la X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? lb X

If the answer is "Yes" to 1 a or 1 b, attach a detailed description of the activities and copies of any materials published or

distributed by the foundation in connection with the activities

c Did the foundation file Form 1120-POL for this year? 1 c X

d Enter the amount (tf any) of tax on political expenditures (section 4955) imposed during the year

(1) On the foundation ► $ 0. (2) On foundation managers ► $ 0.

e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation

managers ► $ 0.2 Has the foundation engaged in any activities that have not previously been reported to the IRS? 2 X

If "Yes, " attach a detailed description of the activities.

3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or

bylaws, or other similar instruments? If "Yes, " attach a conformed copy of the changes 3 X

4a Did the foundation have unrelated business gross income of $1,000 or more during the year? 4a X

b If "Yes' has it filed a tax return on Form 990-T for this year? N/A 4b

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? 5 X

If "Yes, " attach the statement required by General Instruction T.

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either.

• By language in the governing instrument, or

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law

remain in the governing instrument? 6 X

7 Did the foundation have at least $5,000 in assets at any time during the year? 7 X

If "Yes," complete Part 11, col. (c), and Part XV.

8a Enter the states to which the foundation reports or with which it is registered (see instructions) ►VA

b If the answer is Yes to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate)

of each state as required by General Instruction G' If "No," attach explanation 8b X

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(l)(3) or 4942(j)(5) for calendar

year 2006 or the taxable year beginning in 2006 (see instructions for Part XIV)' If "Yes," complete Part XIV 9 X

10 Did an y persons become substantial contributors durin g the tax year? if -Yes' attach a schedule listin g their names and addresses 10 X

Form 990-PF (2006)

62353101-29-07


THE WILLIAM G. REYNOLDS, JR. CHARITABLEForm 990-PF (2006 ) FOUNDATION 54-1900372

Part Vu -A1Statements Regarding Activities Continued

11a At any time during the year , did the foundation , directly or indirectly , own a controlled entity within the meaning of section 512(b)(13)?

if Yes; attach schedule ( see instructions) 11a X

b If 'Yes ' did the foundation have a binding written contract in effect on August 17 , 2006 , covering the interest , rents, royalties, and

annuities described in the attachment for line 11a' N/A 11b

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract? 12 X

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 X

Web site address ► N/A

14 The books are in care of ► SUSAN MCLANE Telephone no ► 804-267-3603I_ocatedat ► P• O. BOX 70459, RICHMOND, VA ZIP+4 ►23255

15 Section 4947 (a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ►0and enter the amount of tax-exem pt interest received or accrued durin g the year ► 15 N/A

Part VII-B Statements Regarding Activities for Which Form 4720 May Be RequiredFile Form 4720 if any item is checked in the "Yes" column, unless an exception applies. Yes No

1 a During the year did the foundation (either directly or indirectly)

(1) Engage in the sale or exchange , or leasing of property with a disqualified person? Yes LX No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? Yes No

(3) Furnish goods, services , or facilities to (or accept them from ) a disqualified person? Yes 0 No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes 0 No

(5) Transfer any income or assets to a disqualified person ( or make any of either available

for the benefit or use of a disqualified person )? Yes 0 No

(6) Agree to pay money or property to a government official? ( Exception . Check 'No'

if the foundation agreed to make a grant to or to employ the official for a period after

termination of government service , if terminating within 90 days ) Yes OX No

b If any answer is 'Yes ' to la(1)-(6), did any of the acts fail to quality under the exceptions described in Regulations

section 53 4941 ( d)-3 or in a current notice regarding disaster assistance (see page 22 of the instructions )? N/A 1b

Organizations relying on a current notice regarding disaster assistance check here ►0c Did the foundation engage in a prior year in any of the acts described in 1 a, other than excepted acts , that were not corrected

before the first day of the tax year beginning in 2006' 1 c X

2 Taxes on failure to distribute income ( section 4942 ) ( does not apply for years the foundation was a private operating foundation

defined in section 4942(l)(3) or 4942 (l)(5))

a At the end of tax year 2006 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII) for tax year ( s) beginning

before 2006' Yes EXI No

If 'Yes, list the years ►b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942 ( a)(2) (relating to incorrect

valuation of assets ) to the year' s undistributed income? ( If applying section 4942(a)(2) to all years listed, answer "No ' and attach

statement - see instructions ) N/A 2bc If the provisions of section 4942 ( a)(2) are being applied to any of the years listed in 2a , list the years here

3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time

during the year? Yes FX No

b If 'Yes , did it have excess business holdings in 2006 as a result of ( 1) any purchase by the foundation or disqualified persons after

May 26 , 1969, (2 ) the lapse of the 5-year period ( or longer period approved by the Commissioner under section 4943 ( c)(7)) to dispose

of holdings acquired by grit or bequest, or (3) the lapse of the 10-, 15-, or 20-year first phase holding penod' (Use Schedule C,

Form 4720, to determine if the foundation had excess business holdings in 2006.) N/A 3b

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X

b Did the foundation make any investment in a prior year ( but after December 31, 1969 ) that could jeopardize its chantable purpose that

had not been removed from jeo pard y before the first day of the tax year beg innin g in 2006' 4b X

Form 990-PF (2006)

62354101-29-07


THE WILLIAM G. REYNOLDS, JR. CHARITABLEFOUNDATION 54-19003 72

Part VII-13 Statements Regarding Activities for Which Form 4720 May Be Required Continued

5a During the year did the foundation pay or incur any amount to

(1) Carry on propaganda , or otherwise attempt to influence legislation (section 4945 (e))? 0 Yes 0 No

(2) Influence the outcome of any specific public election ( see section 4955 ), or to carry on , directly or indirectly,

any voter registration drive? Yes 0 No

(3) Provide a grant to an individual for travel, study , or other similar purposes? Yes EXI No

(4) Provide a grant to an organization other than a charitable . etc , organization described in section

509(a )( 1), (2), or (3 ), or section 4940(d)(2)' Yes EXI No

(5) Provide for any purpose other than religious , charitable , scientific, literary , or educational purposes, or for

the prevention of cruelty to children or animals? 0 Yes 0 No

b If any answer is 'Yes' to 5a ( 1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations

section 53 4945 or in a current notice regarding disaster assistance (see instructions)? N/A 5b

Organizations relying on a current notice regarding disaster assistance check here

c If the answer is Yes to question 5a (4), does the foundation claim exemption from the tax because it maintained

expenditure responsibility for the grant? N/A Yes No

If "Yes," attach the statement required by Regulations section 53 . 4945-5(d).

6a Did the foundation , during the year, receive any funds , directly or indirectly, to pay premiums on

a personal benefit contract? Yes No

b Did the foundation , during the year , pay premiums , directly or indirectly , on a personal benefit contract? 6b X

If you answered " Yes" to 6b, also file Form 8870.

7a At any time during the tax year , was the foundation a party to a prohibited tax shelter transaction? Yes LI No

b If yes , did the foundation receive any p roceeds or have any net income attributable to the transaction? N/A 7b

Part Information About Officers , Directors, Trustees, Foundation Managers, Highly0Vllt Paid Employees , and Contractors1 List all officers, directors, trustees, foundation managers and their compensation.

(a) Name and address(b) Title, and avera g e

hours p er week devotedto position

(c) Compensation(If not paid ,enter -0

(d)Contnbubonstownp o oeedeferred

compensation

(e) Expenseaccount, otherallowances

SEE STATEMENT 10 0. 0. 0.

2 Gomoensation of five hrahest-oald emolovees (other than those included on line 1). If none. enter "NONE."

(a) Name and address of each employee paid more than $50,000(b) Title and average

hours per weekdevoted to position

(c) Compensation(d)Contnbubonsto

oyeebenefit lapsanddefenndcompensabon

(e) Ex enseaccoun , otherallowances

NONE

Total number of other employees paid over $50,000 1 U

Form 990-PF (2006)

62355101-29-07


THE WILLIAM G. REYNOLDS, JR. CHARITABLEForm 990-PF (2006) FOUNDATION 54-1900372

P2^tInformation About Officers, Directors, Trustees, Foundation Managers, Highly

0Vlll ,Paid Employees, and Contractors Continued

3 Five highest - paid independent contractors for professional services . If none , enter "NONE."

(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation

NONE

Total number of others receiving over $50,000 for professional services ► 01 Part JX-A Summary of Direct Charitable Activities

List the foundation ' s four largest direct charitable activities during the tax year Include relevant statistical information such as thenumber of organizations and other beneficiaries served , conferences convened , research papers produced, etc Expenses

1 N/A

2

3

4

I Part 1X-L3 I Summary of Proaram-Related Investments

Describe the two largest program- related investments made by the foundation during the tax year on lines 1 and 2 Amount

1 N/A

2

All other program - related investments See instructions

3

Total . Add lines 1 through 3 ► 0.

Form 990-PF (2006)

62356101-29-07

7


THE WILLIAM G. REYNOLDS, JR. CHARITABLEForm 990-PF ( 2006 ) FOUNDATION 54-1900372

PAL Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

1 Fair market value of assets not used ( or held for use) directly in carrying out charitable , etc , purposes

a Average monthly fair market value of securities la 1,182,000.

b Average of monthly cash balances lb 81,198.

c Fair market value of all other assets 1C

d Total ( add lines la , b, and c ) 1d 1,263,198 .

e Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) le 0.

2 Acquisition indebtedness applicable to line 1 assets 2 0 .

3 Subtract line 2 from line ld 3 1,263,198 .

4 Cash deemed held for charitable activities Enter 1 1 /2% of line 3 (for greater amount , see instructions ) 4 18,948 .

5 Net value of noncharitable -use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 5 1,244,250 .

6 Minimum investment return . Enter 5% of line 5 6 62,213 .

rpi-w x, Distributable Amount (see instructions ) ( Section 4942 (l)(3) and (1)(5) private operating foundations and certainforeign organizations check here ► 0 and do not complete this part )

1 Minimum investment return from Part X , line 6 1 62,213.

2a Tax on investment income for 2006 from Part VI, line 5 2a 1,677.

b Income tax for 2006 (This does not include the tax from Part VI) 2b

c Add lines 2a and 2b 2c 1 , 6 7 7 .

3 Distributable amount before adjustments Subtract line 2c from line 1 3 6 0 , 5 3 6 .4 Recoveries of amounts treated as qualifying distributions 4 0 .

5 Add lines 3 and 4 5 60,536 .

6 Deduction from distributable amount ( see instructions) 6 0 .

7 Distributable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII, line 1 7 65 , 536 .

Part XII Qualifying Distributions (see instructions)

1 Amounts paid ( including administrative expenses ) to accomplish charitable , etc , purposes

a Expenses , contributions, gifts, etc - total from Part I, column (d), line 26 l a 59,500 .

b Program- related investments - total from Part IX-B lb 0

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc , purposes 2

3 Amounts set aside for specific charitable projects that satisfy the

a Suitability test ( prior IRS approval required) 3a

b Cash distribution test (attach the required schedule) 3b

4 Qualifying distributions Add lines la through 3b Enter here and on Part V, line 8 , and Part XIII, line 4 4 59,500.

5 Foundations that qualify under section 4940 (e) for the reduced rate of tax on net investment

income Enter 1% of Part I , line 27b 5 0

6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 59,500.

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the

4940(e) reduction of tax in those years.

foundation qualifies for the section

Form 990-PF (2006)

62357101-29-07

8


THE WILLIAM G. REYNOLDS, JR. CHARITABLEForm 990- PF (2006 ) FOUNDATION 54-1900372

,Undistributed Income (see instructions)

1 Distributable amount for 2006 from Part XI,

line 7

2 Undistributed income, if any , as of the end of 2005

a Enter amount for 2005 only

b Total for prior years

3 Excess distributions carryover, if any, to 2006

a From 2001

b From 2002

c From 2003 4,343.

d From 2004 2,492.

e From 2005 3,188.

I Total of lines 3a through e

4 Qualifying distributions for 2006 from

PartXll,line4 59,500.

a Applied to 2005, but not more than line 2a

bApplied to undistributed income of prior

years (Election required - see instructions)

c Treated as distributions out of corpus

(Election required - see instructions)

d Applied to 2006 distributable amount

e Remaining amount distributed out of corpus

5 Excess distributions carryover applied to 2006Of an amount appears in column (d), the same amount

must be shown in column (a) )

6 Enter the net total of each column asIndicated below:

a Corpus Add lines 3f, 4c, and 4e Subtract line 5

b Prior years' undistributed income Subtract

line 4b from line 2b

c Enter the amount of prior years'undistributed income for which a notice ofdeficiency has been issued, or on whichthe section 4942(a) tax has been previouslyassessed

d Subtract line 6c from line 6b Taxable

amount - see instructions

e Undistributed income for 2005 Subtract line

4a from line 2a Taxable amount - see instr

I Undistributed income for 2006 Subtract

lines 4d and 5 from line 1 This amount must

be distributed in 2007

7 Amounts treated as distributions out of

corpus to satisfy requirements imposed by

section 170(b)(1)(E) or 4942(g)(3)

8 Excess distnbutions carryover from 2001

not applied on line 5 or line 7

9 Excess distributions carryover to 2007.

Subtract lines 7 and 8 from line 6a

10 Analysis of line 9

a Excess from 2002

b Excess from 2003 3,307.

c Excess from 2004 2,492.

d Excess from 2005 3,188.

e Excess from 2006

(a) (b)Corpus Years prior to 2005

0.

10,023.

(c) (d)2005 2006

60,536.

0.

0.

62358101-29-07

10440509 743970 WGRFDN

0.

0.

1 0 •f i....... (..1,036. 1,036.

8,987.

0.

0.

0.

0.

0.

8,987.

0.

0.

Form 990-PF (2006)

92006.05050 THE WILLIAM G. REYNOLDS, JR WGRFDN_1


Form 990-PF ( 2006 ) FOUNDATION 54-1900372

Parrt XIV Private Operating Foundations (see instructions and Part VII -A, question 9) N/A

1 a If the foundation has received a ruling or determination letter that it is a private operating

foundation, and the ruling is effective for 2006, enter the date of the ruling

b Check box to indicate whether the foundation is a p rivate o p eratin g foundation described in

2 a Enter the lesser of the adjusted net Tax year

income from Part I or the minimum (a) 2006 (b) 2005

investment return from Part X for

each year listed

b 85% of line 2a

c Qualifying distributions from Part XII,

line 4 for each year listed

d Amounts included in line 2c not

used directly for active conduct of

exempt activities

e Qualifying distributions made directly

for active conduct of exempt activities

Subtract line 2d from line 2c3 Complete 3a, b, or c for the

alternative test relied upona "Assets' alternative test - enter

(1) Value of all assets

(2) Value of assets qualifyingunder section 4942(j)(3)(B)(i)

b 'Endowment' alternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted

c 'Support' alternative test - enter

(1) Total support other than grossinvestment income (interest,dividends, rents, payments onsecurities loans (section512(a)(5)), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942(I)(3)(B)(ni)

(3) Largest amount of support from

an exempt organization

► lion 4942 0)( 3 ) or = 49420)(5)Prior 3 years

(c) 2004 (d) 2003 ( e) Total

[ PartXV Supplementary Information (Complete this part only if the foundation had $5 ,000 or more in assetsat any time during the year-see page 28 of the instructions.)

1 Information Regarding Foundation Managers:

a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any taxyear (but only if they have contributed more than $5,000) (See section 507(d)(2) )

NONEb List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or

other entity) of which the foundation has a 10% or greater interest

NONE

2 Information Regarding Contribution , Grant , Gift, Loan, Scholarship , etc., Programs:Check here ► 1X if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds Ifthe foundation makes gifts, grants, etc (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d

a The name, address, and telephone number of the person to whom applications should be addressed

b The form in which applications should be submitted and information and materials they should include

c Any submission deadlines

d Any restrictions or limitations on awards, such as by geographical areas, chartable fields, kinds of institutions, or other factors

623601/01-29-07 Form 990-PF (2006)10


THE WILLIAM G. REYNOLDS, JR. CHARITABLEForm 990-PF ( 2006 ) FOUNDATION 54-1900372 tYa^'E XV I Supplementary Information (continued)3 Grants and Contributions Paid Durina the Year or Aonroved for Future Payment

Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant or

Name and address (home or business) any foundation manager status of contribution Amountor substantial contributor recipient

a Paid during the year

SEE STATEMENT 12 ATTACHED 59,500.

Total ► 3a 59,500.b Approved for future payment

NONE

Total ► 3b I U .623611/01-29-07 Form 990-PF (2006)

1110440509 743970 WGRFDN 2006 . 05050 THE WILLIAM G. REYNOLDS , JR WGRFDN 1

THE WILLIAM G. REYNOLDS, JR. CHARITABLEForm 990-PF(2006 ) FOUNDATION 54-1900372

Part XYt-A, Analysis of Income - Producing Activities

Enter boss amounts unless otherwise indicated (e)

1 Pro

a

b

c

d

e

f

92 Me

3 Int

my

4 Div

5 Net

a

b

6 Net

pro

70t

8 Gai

tha

9 Net

10 Gr

11 0th

a

b

C

d

e

12 Su

Unrelat ed business income Exclu ded b section 512 , 513, or 514

gram service revenue

(a)Businesscode

(b)Amount

c „_Sooncode

(d)Amount

Related or exemptfunction income

Fees and contracts from government agencies

mbership dues and assessments

rest on savings and temporary cash

estments 11,172.idends and interest from securities 24,959.rental income or (loss) from real estate

Debt-financed property

Not debt-financed property

rental income or (loss ) from personal

perty

er investment income

n or (loss ) from sales of assets other

n inventory 62,228.income or ( loss) from special events

ss profit or ( loss) from sales of inventory

er revenue

btotal Add columns ( b), (d), and (e) 0. 1 0.

B

t

o

h

o

98,359.

13 Total . Add line 12, columns ( b), (d), and (e) 13 98,359.

(See worksheet in line 13 instructions to verity calculations

Pad XVt»B Relationship of Activities to the Accomplishment of Exempt Purposes


of e07 Form 990-PF (2006)

THE WILLIAM G. REYNOLDS, JR. CHARITABLEForm 990-PF (2006) FOUNDATION 54-1900372 Pag e 13Part XVII , Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations

1 Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No

the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting foundation to a nonchantable exempt organization of

(1) Cash la ( l ) X

(2) Otherassets 1a ( 2 ) X

b Other transactions

(1) Sales of assets to a noncharitable exempt organization 1b ( l ) X

(2) Purchases of assets from a noncharitable exempt organization 1 b (2 )1 X

(3) Rental of facilities, equipment, or other assets 1 b (3 ) X

(4) Reimbursement arrangements 1b ( 4 ) X

(5) Loans or loan guarantees 1b ( 5 ) X

(6) Performance of services or membership or fundraising solicitations 1 b ( 6 ) X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1 c X

d If the answer to any of the above is 'Yes, complete the following schedule Column (b) should always show the fair market value of the goods, ot

or services given by the reporting foundation If the foundation received less than fair market value in any transaction or sharing arrangement, sh

column (d) the value of the goods, other assets, or services received

her assets,

ow in

(a) Name of organization ( b) Type of organization ( c) Description of relationship

N/A

Under penalties of perjury , I declare that I have examined this return, including accompanying schedules and statements , and to the best of my knowledge and belief, it Is true, correct,

and complete D laration of preparer (other than taxpayer or fiduciary ) is based on all information of which preparer has any knowledge

1gn re of officer

CPreparers'

to2'.9 signature

a p ) Rim's name (oryours PHILIP A HUSS CPA PLL00 ifsejt-emcloyzm . '110 WYLD ROSE DRIVE

adder andZiPcode MIDLOTHIAN VA 23113

62362201-29-07

10440509 743970 WGRFDN 2006.0505

2a Is the foundation directly or indirectly affiliated with , or related to , one or more tax-exempt organizations described

in section 501 ( c) of the Code ( other than section 501(c)(3)) or in section 527' 0 Yes ® No

b If 'Yes , ' com p lete the followin g schedule

THE WILLIAM G. REYNOLDS, JR. CHARITABLE CONTINUATION FOR 990-PF, PART IV

FOUNDATION 54-1900372 PAGE 1 OF 2

Part IV Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind (s) of property sold, e g , real estate,2-story brick warehouse , or common stock, 200 shs MLC Co

(b How acquiredPurchase

D - Donation

(c) Date acquired(mo , day , yr)

(d) Date sold(mo , day, yr )

la SEAGATE TECHNOLOGIES P 11/30/01 05/22/06b LIBERTY MEDIA A P 01/11/06 05/26/06

c LIBERTY MEDIA CAP A P 01/11/06 05/26/06d WALT DISNEY CO P 04/06/01 03/28/06e LIBERTY GLOBAL A P 04/24/01 06/ 21/06t LIBERTY GLOBAL C P 04/24/01 06/21/06LIBERTY MEDIA INTER A P 04/30/02 05/ 26/06

h LIBERTY MEDIA CORP A P 04/30/02 05/2 6/06i PROCTER & GAMBLE P 03/26/01 03/28/06RSA SECURITY INC. P 10/30/01 06/30/06

k SANDISK CORP P 04/25/01 01/04/06I SANDISK CORP P 12/27/01 01/05/06m SANDISK CORP P 12/27/01 01/09/06n CHIRON P 05/15/02 04/21/06o SEE STATEMENT 11 ATTACHED P 01/01/06 12/31/06

(e) Gross sales price (f) Depreciation allowed(or allowable )


( h) Gain or (loss)(e) plus (f) minus (g)

a 13. 10. 3.b 3. 2. 1.c 11. 9. 2.d 2,319. 2,408. <89.:e 50. 49. 1.f 49. 46. 3.

2. 2. 0.h 9. 10. <1.:1 1,448. 809. 639.

13,334. 8,014. 5,320.k 8,706. 1,550. 7,156.1 9,017. 1,489. 7,528.m 1,543. 145. 1,398.n 8,640. 8,693. <53.:o 355,807. 315,759. 40,048.

Complete only for assets showing gain in column ( h) and owned by t he foundation on 12/31/69 (I) Losses ( from col (h))

(I) F M V as of 12/31/69(1) Adjusted basisas of 12/31/69

(k) Excess of col (i)over col ( I), if any

Gains (excess of col ( h) gain over col (k),but not less than *-0-")

a 3.b 1.c 2.d <89 .:e 1.f 3.

0.h <1 .:

639.5,320.

k 7,156.1 7,528.m 1,398.n <53 .:0 40,048.

r If ain, also enter in Part I, line 72 Capital gain net income or ( net capital loss ) L Ifloss) enter °-0-° in Part I line 7 ) 2,,

3 Net short-term capital gain or ( loss) as defined in sections 1222(5) and (6)If gain, also enter in Part I , line 8, column (c)If (loss), enter'-O- in Part I , line 8 3

62359105-01-06


THE WILLIAM G. REYNOLDS, JR. CHARITABLE CONTINUATION FOR 990-PF, PART IVFOUNDATION 54-1900372 PAGE 2 OF 2Part 1V Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind (s) of property sold, e g , real estate ,2-story brick warehouse , or common stock , 200 shs MLC Co

( b How acquired- Purchase

D - Donation

( c) Date acquired(mo , day , yr )

( d) Date sold(mo , day, yr )

la CAPITAL GAINS DIVIDENDS

b

Cd

ef

h

k

I

m

n

0

(e) Gross sales price ( Q Depreciation allowed(or allowable)


( h) Gain or (loss)( e) plus ( f) minus (g)

a 272. 272.b

C

d

ef

h

k

I

m

n

0Complete only for assets showing gain in column ( h) and owned by t he foundation on 12/31 /69 (I) Losses (from col (h))

(1) F M V as of 12/31/69(j) Adjusted basisas of 12/31/69

( k) Excess of col (i)over col (j), if any

Gains (excess of col (h) gain over col (k),but not less than '-0-')

a 272.b

c

d

ef

h

k

m

n

0

2 Capital gain net income or net capital loss! If ain , also enter in Part I, line 7

( ) l If ?loss ) enter'-0= in Part I line 7 12 62,228., ,

3 Net short -term capital gain or (loss) as defined in sections 1222(5) and (6)If gain, also enter in Part I , line 8, column (c)If (loss ), enter'-0= in Part I , line 8 3 N/A

62359105-01-06


THE WILLIAM G. REYNOLDS, JR. CHARITABLE 54-1900372

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1

SOURCE

SMITH BARNEY - 01245-16

SMITH BARNEY - 01245-16 - OID

SMITH BARNEY - 01245-16 - U.S GOV'T

TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2

SOURCE

SMITH BARNEY - #00636-15

SMITH BARNEY - #01245-16

TOTAL TO FM 990-PF, PART I, LN 4

CAPITAL GAINS COLUMN (A)GROSS AMOUNT DIVIDENDS AMOUNT

AMOUNT

3,639.363.

7,170.

11,172.

2,814. 0. 2,814.22,417. 272. 22,145.

25,231.

FORM 990-PF ACCOUNTING FEES STATEMENT 3

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

PHILIP A. HUSS, CPA

TO FORM 990-PF, PG 1, LN 16B

FORM 990-PF

0.

2,250. 2,250. 0. 0.

2,250.

TAXES

0.

STATEMENT 4

DESCRIPTION

2004 FEDERAL TAX

TO FORM 990-PF, PG 1, LN 18

10440509 743970 WGRFDN

272. 24,959.

2,250.

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLEPER BOOKS MENT INCOME NET INCOME PURPOSES

300. 0. 0. 0.

300. 0. 0. 0.

16 STATEMENT(S) 1, 2, 3, 42006.05050 THE WILLIAM G. REYNOLDS, JR WGRFDN 1


U.S. OTHERGOV'T GOV'T

FORM 990-Pi OTHER EXPENSES STATEMENT 5

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

SMITH BARNEY - MANAGEMENTFEESSMITH BARNEY - FOREIGN TAX

W/H

TO FORM 990-PF, PG 1, LN 23

12,208.

31.

12,239.

FAIR MARKETBOOK VALUE VALUE

12,208.

31.

12,239. 0.

FORM 990-PF U.S. AND STATE/CITY GOVERNMENT OBLIGATIONS STATEMENT 6

DESCRIPTION

49000 US TREAS 6.5% 10/15/06 X24000 FNMA 5% 1/15/07 X38000 FED HOME LOAN 3.625% 9/15/08 X66000 US TREAS 3.25% 1/15/09 X53000 US TREAS 3.5% 8/15/09 X26000 US TREAS 3.375% 11/15/08 X4000 FED HOME LOAN 3.625% 9/15/08 X2000 US TREAS 3.375% 11/15/08 X3000 US TREAS 3.5% 8/15/09 X36000 FNMA 3.8 75% 2/15/2010 XFNMA 3.875% 12 /15/2010 - 20000 XFED HOME LOAN 5.5% 9/15/11 X

TOTAL U.S. GOVERNMENT OBLIGATIONS

TOTAL STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS

TOTAL TO FORM 990-PF, PART II, LINE 10A

0.0.

38,249.65,713.53,029.25,443.3,914.1,952.2,918.

34,745.20,039.27,834.

54-1900372

0. 0.

0. 0.

0.

0.0.

37,122.64,040.51,398.25,334.3,907.1,949.2,909.34,898.19,875.27,607.

273,836. 269,039.

273,836. 269,039.

17 STATEMENT(S) 5, 610440509 743970 WGRFDN 2006.05050 THE WILLIAM G. REYNOLDS, JR WGRFDN 1


FORM 990-PF CORPORATE STOCK STATEMENT 7

FAIR MARKETDESCRIPTION BOOK VALUE VALUE

210 ALKERMES 4,410. 2,808.125 AMER. INTL GROUP 8,968. 8,958.140 AMGEN 7,412. 8,539.515 TIME WARNER 11,359. 11,217.225 CABLEVISION SYS 6,927. 6,408.180 CHIRON 0. 0.300 CISCO SYS 5,076. 8,199.220 COCA COLA 9,933. 10,615.245/390 COMCAST 12,695. 16,333.100 CORE LABS 1,900. 8,100.GENERAL ELECTRIC 540 19,385. 20,093.130 FOREST LAB 4,765. 6,578.235 GENERAL ELECTRIC 7,718. 8,744.180 GENZYME 4,868. 11,084.180 PROCTER & GAMBLE 0. 0.300 GRANT PRIDECO 3,112. 11,931.245 HOME DEPOT 8,586. 9,839.245 BIOGEN IDEC PHARM. 13,794. 15,003.340/395 INTEL 10,894. 7,999.350 JOHNSON & JOHNSON 0. 0.120 L3 COMM. 3,984. 9,814.555 LIBERTY MEDIA CORP A 0. 0.163 SEAGATE TECH 3,009. 4,320.1040 MICROSOFT 0. 0.110 PEPSICO 5,406. 6,881.319 QUANTUM 3,205. 740.490 RSA SECURITY 0. 0.480/200 SANDISK 1,455. 8,606.305/360 TEXAS INSTR. 11,836. 10,368.375 TYCO 14,156. 11,400.260 UNITED HEALTH 4,320. 13,970.330/245 WALT DISNEY 5,902. 8,396.600 WELLS FARGO 17,191. 21,336.95 GENENTECH INC. 1,754. 7,707.1380 PFIZER INC. 0. 0.4 BERKSHIRE HATHAWAY INC. 9,719. 14,664.200 WEATHERFORD INTL LTD NEW 4,371. 8,358.180/270 DELL INC. 7,317. 6,774.28 LEHMAN BROTHERS HOLDINGS, INC. 1,783. 4,375.110 MERRILL LYNCH BROS. 4,208. 10,241.800 MICRON TECH 8,906. 11,168.430/350 ABBOTT LABS 14,941. 17,048.240 BP PLC 0. 0.650 BELLSOUTH 0. 0.320 CHEVRON TEXACO 15,962. 23,530.200/400 CHUBB CORP 13,718. 21,164.360/440 DOW CHEMICAL 18,339. 17,556.

18 STATEMENT(S) 710440509 743970 WGRFDN 2006.05050 THE WILLIAM G. REYNOLDS, JR WGRFDN 1


200/320 EMERSON ELECTRIC

390 EQUITABLE RESOURCES

270/240GLAXOSMITHKLINE PLC

420 HONEYWELL INTL

340/360 JPMORGAN CHASE

261.6099/300.6099 KIMBERLY

90 MILLS CORP

760 OLIN CORP680 PLUM CREEK TIMBER130 PROLOGIS80 SIMON PPTY500 VERIZON330 WEYERHAUSER390 WYETH27 LIBERY GLOBAL CL A27 LIBERTY GLOBAL SER C55 DISCOVERY HLDG CL A110 AMAZON.COM5/130 ANADARKO PETROLEUM95/120 BED BATH & BEYOND65 ELECTRONIC ARTS165 IAC INTERACTIVECORP5 IMCOLNE SYSTEMS120/270 YAHOO INC590 ALBERTSONS INC420 E I DUPONT390 KRAFT FOODS670 MBNA CORP130 NOVARTIS AG ADR

495/1100 PEARSON PLC ADR

300/702 UNILEVER PLC ADR110/170 WACHOVIA CORP

190/330 WAL-MART STORES

303 STATE STREET COMMON

LIBERTY MEDIA INT ALIBERTY MEDIA CAP ALIBERTY MEDIA INT ALIBERTY MEDIA CAP APALL CORP 28

MILLENIUM PHARM - 170AUTODESK INC. 70BROADCOM CORP CL ACREE INC 100360 EXXON MOBIL122 EXXON MOBIL155 PROCTER & GAMBLE145 JOHNSON & JOHNSONMICROSOFT 335PFIZER 350MICROSOFT 800ANHEUSER BUSCH 135BANK OF AMERICA 390BAXTER INTL 140IDEARC INC

CLARK

9,973.0.

10,174.15,280.14,245.19,854.

0.0.0.0.0.

19,296.19,226.10,909.

530.502.897.

3,909.6,015.4,773.4,799.4,069.

166.8,957.

0.22,646.

0.0.

8,590.13,985.15,674.9,419.

15,102.0.

2,839.2,207.2,916.2,332.

788.1,510.2,967.1,921.2,974.16,039.5,741.4,644.8,629.9,072.10,862.22,764.6,437.18,139.5,267.

734.

54-1900372

14,109.0.

12,662.19,001.17,388.20,426.

0.0.0.0.0.

18,620.21,195.13,748.

729.700.885.

4,341.5,658.4,572.4,029.6,131.

134.6,896.

0.23,868.

0.0.

9,765.16,610.19,530.9,682.15,239.

0.3,461.3,083.2,988.2,698.

967.1,853.2,832.2,262.1,732.

27,587.9,349.9,962.9,573.

10,003.9,065.

23,888.6,642.

20,822.6,495.

716.



JOHNSON & JOHNSON 250 14,463. 16,505.PFIZER INC. 810 23,406. 20,979.NEWS CORP 670 11,885. 14,914.TAIWAN SEMICONDUCTOR 12,300. 14,209.VODAFONE GROUP PLC 673 16,294. 18,696.GAP INC 12,497. 12,480.

TOTAL TO FORM 990-PF, PART II, LINE 10B 771,901. 930,543.

FORM 990-PF OTHER INVESTMENTS STATEMENT 8

VALUATION FAIR MARKETDESCRIPTION METHOD BOOK VALUE VALUE

300 BAXTER INTL COST 0. 0.555 TELECOM HOLDERS TRUST COST 0. 0.

TOTAL TO FORM 990-PF, PART II, LINE 13 0. 0.

FORM 990-PF OTHER ASSETS STATEMENT 9

FAIR MARKETDESCRIPTION BOOK VALUE VALUE

ACCRUED DIVIDEND - TELECOM HOLDERS 0. 0.ACCRUED INTEREST PAID 709. 709.

TOTAL TO FORM 990-PF, PART II, LINE 15 709. 709.

20 STATEMENT(S) 7, 8, 910440509 743970 WGRFDN 2006.05050 THE WILLIAM G. REYNOLDS, JR WGRFDN 1


FORM 990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 10TRUSTEES AND FOUNDATION MANAGERS

NAME AND ADDRESSTITLE AND

AVRG HRS/WK

LOUISE R. BELMONT TRUSTEEC/O P. O. BOX 70459 0.00RICHMOND, VIRGINIA 23226

RANDOLPH N. REYNOLDS , JR. TRUSTEEC/O P. O. BOX 70459 0.00RICHMOND, VIRGINIA 23255

ROBERT G. REYNOLDS TRUSTEEC/O P. O. BOX 70459 0.00RICHMOND, VIRGINIA 23255

RANDOLPH N. REYNOLDS TRUSTEEC/O P. O. BOX 70459 0.00RICHMOND, VIRGINIA 23255

MARY R. S IMPSON TRUSTEEC/O P. O. BOX 70459 0.00RICHMOND, VIRGINIA 23229

SUSAN C. ARMSTRONG TRUSTEE333 ALBEMARLE AVENUE 0.00RICHMOND, VIRGINIA 23226

SUSAN V. R. REYNOLDS TRUSTEEC/O P. O. BOX 70459 0.00RICHMOND, VIRGINIA 23226

TOTALS INCLUDED ON 990-PF, PAGE 6, PART VIII

EMPLOYEECOMPEN- BEN PLAN EXPENSESATION CONTRIB ACCOUNT

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.


CAPITAL GAINS AND LOSSES FOR TAXESON INVESTMENT INCOME

THE WILLIAM G. REYNOLDS, JR.FOUNDATION IN 2006 - PART IV

EIN 54-1900372STATEMENT 11

Symbol/Trade Description I Quantity Orig/Adj Cost Proceeds Gain(Loss)ABS ALBERTSONS INC DELAWARE

02/27/2006 590.00 12,036.30 15,021 70 2,985.40

ABT ABBOTT LABORATORIES10/30/2006 100.00 4,267.00 4,700.47 433 47

BAC BANK OF AMERICA CORP01/03/2006 0.60 28 06 27.99 (0 07)

BAXTER INTL INC 7% EQUITY UNITSEXCHANGED

02/16/2006 15,813.00 14,986.73 (826.27)

BAX BAXTERINTLINC

10/31/2006 136.00 5,134.28 6,661 14 1,5268610/30/2006 144 00 4,849.04 6,27549 1,42645

02/21/2006 0.33 11.76 12.65 0 89

BLS BELLSOUTH CORP11/10/2006 256 00 6,927.36 11,042.71 4,115 3511/09/2006 254.00 6,873.24 11,115 66 4,2424203/06/2006 140 00 3,788.40 4,886.19 1,09779

BP BP PLC SPONS ADR09/01/2006 82.00 4,45260 5,57909 1,126.49

08/31/2006 158.00 8,579.40 10,762 70 2,183.30

CCU CLEAR CHANNEL COMMUNICATIONS

05/04/2006 420.00 11,847.91 12,414 68 566 77

EMR EMERSON ELECTRIC CO01/06/2006 40 00 2,493.20 3,049.10 555.90

EQT EQUITABLE RESOURCES INC01/18/2006 390.00 10,311 60 14,905.85 4,594 25

GSK GLAXOSMITHKLINE PLC SP ADR10/30/2006 80.00 3,309 60 4,252.38 942.78

JNJ JOHNSON & JOHNSON10/30/2006 70.00 3,607.11 4,74325 1,136.14

CAPITAL GAINS AND LOSSES FOR TAXESON INVESTMENT INCOME

THE WILLIAM G. REYNOLDS, JR.FOUNDATION IN 2006 - PART IV

EIN 54-1900372

KFT KRAFT FOODS INC CLASS A10/11/2006 500 00 15,234 68 17,961 09 2,726 41

KRB MBNA CORP01/03/2006 670 00 16,063 34 18,396 53 2,333 19

MLS MILLS CORP01/12/2006 90 00 4,322 00 3,692 80 (629 20)

NVS NOVARTIS AG ADR10/30/2006 50 00 2,324 55 3,023 71 699 16

OLN OLIN CORP08/31/2006 760 00 13,216 40 11,453 07 (1,763 33)

PCL PLUM CREEK TIMBER CO INC03/08/2006 680 00 22,670 00 24,749 47 2,079 47

PFE PFIZER INC10/30/2006 290 00 8,999 05 7,906 83 (1,092 22)

PLD PROLOGIS SH BEN INT01/11/2006 130 00 4,62900 6,34517 1,716 17

SPG SIMON PPTY GROUP INC NEW01/11/2006 80 00 4,47200 6,57868 2,10668

STT STATE STREET CORP02/21/2006 22 00 1,13432 1,35151 217 1902/17/2006 0 07 - 4 63 4 6302/17/2006 0 80 41 64 49 74 8 1001/18/2006 22 00 - 1,275 38 1,275 3801/18/2006 215 00 11,085 40 12,463 89 1,3784901/17/2006 66 00 3,41455 3,75240 337 85

TTH TELECOM HOLDRS TRUST11/09/2006 555 00 14,687 96 18,722 18 4,03422

VOD VODAFONE GROUP PLC SPONS07/31/2006 0 75 18 17 16 26 (1 91)

WYE WYETH11/28/2006 80 00 3,049 60 3,809 67 760 07

10/30/2006 110 00 4,193 20 5,665 44 1,472 24

03/06/2006 100 00 3,812 00 4,90171 1,089 71

59385670 FEDERAL NATL MTG ASSN GLOBAL DEBS-BK/ENTRY

12/13/2006 24,000 00 24,874 56 23,986 63 (887 93)

70004340 U S TREASURY NOTES SER D 200610/16/2006 30,000 00 32,695 12 30,000 00 (2,695 12)

01/23/2006 19,000 00 20,491 88 19,262 73 (1,229 15)

$ 315,759 28 $ 355,807 30 $ 40,04802

• DISBURSEMENTS FROM THE WILLIAM G. REYNOLDS, JR.FOUNDATION IN 2006 - PART XV

E I N 54-1900372STATEMENT 12

CHECK # AMOUNT ISSUED TO ADDRESS

1333 $1000.00 American Council of Young 1717 K Street, NW,Political Leaders Suite 500, Washington,

D.C. 20036-53461334 $5000.00 Riverside School, Inc. 2110 McRae Road, RIC

23235-29621335 $3000.00 MCV Foundation, F. Stock Building Supply,

Norton Hord, Jr. Eminent 8020 Arco Corporate Dr.,Professorshi p Raleig h, NC 27617

1344 $1000.00 Reynolds Homestead Ellen A. Brown, Director,463 Homestead Lane,Gritz, VA 24082

1349 $500.00 Virginia Historical Society P. O. Box 7311, Richmond,VA 23286-1203

1358 $1500.00 Richmond Ballet 407 E. Canal St.,Richmond, VA 23219

1351 $1000.00 Camp Holiday Trails 400 Holiday Trails Lane,Charlottesville, VA 22903

1355 $1000.00 Richmond Symphony 300 W. Franklin St., Suite103E, Richmond, VA23220-4926

1356 $1000.00 Stop Child Abuse Now 1506 Staples Mill Road,Suite 203, Richmond, VA23230

1352 $1000.00 Gateway Homes, Inc. P. O. Box 11303,Richmond, VA 23230

1354 $1000.00 IVNA Noah's Children 5008 Monument Ave.,Richmond, VA 23230

1353 $1000.00 Lewis Ginter Botanical 1800 Lakeside Ave.,Garden Richmond, VA 23228-4700

1357 $1000.00 Virginia Home 1101 Hampton Street,Richmond, VA 23286-0926

1349 $500.00 Virginia Historical Society P. O. Box 7311, Richmond,VA 23286-1203

1336 $4000.00 Longwood University, Collegeof Business & Economics

Mr. James S. Cross, Dean,201 High Street, Farmville,VA 23909


1348 $1000.00 Free Clinic of Gooch land Sally Graham, ExecutiveDirector, P. 0. Box 898,Goochland, VA 23063

1337 $500.00 Collegiate School P. 0. Box 29728,Richmond, VA 23286-4353

1338 $500.00 Salvation Army 2 W. Grace Street, P. 0.Box 12400, Richmond, VA23241

1339 $1000.00 Holly Grove Rescue 155 Factory Mill Road,Bum ass, VA 23024

1340 $1000.00 Holly Grove Fire 143 Factory Mill Road,Bum ass, VA 23024


1350 $5000.00 American Red Cross P. 0. Box 27006,Richmond, VA 23261

1359 $1000.00 Maymont Foundation 1700 Hampton Street,Richmond, VA 23220

1360 $1000.00 Camp Merrie-Woode 100 Merriewoode Road,Sapp hire, NC 28774

1342 $2000.00 Visual Arts Center 1812 West Main Street,Richmond, Virg inia 23220

1343 $5000.00 Alleghany Highlands YMCA Capital Campaign, P. 0.Box 170, Low Moor, VA24457


1345 $1000.00 The Ellen Shaw de ParedesResearch Foundation

4480 Cox Road, Suite 100,Glen Allen, VA 23060

4 ,

,1346 $1000.00 American Red Cross ofSoutheastern Virginia

Attn: FinancialDevelopment, 611 W.Brambleton Ave., Norfolk,VA 23510


1347 $7000.00 Christian Veterinary Mission 19303 Fremont AvenueNorth, Seattle, WA 98133

1351 $1000.00 St. Paul's Episcopal Church Mr. John Hirschman, 815E. Grace Street, Richmond,VA 23219

1341 $3000.00 MCV Foundation Ms. Sharon Pederson,Gumenick Suites, P. O.Box 980234, Richmond, VA23298

$500.00 Richmond SPCA 2519 Hermitage Road,Richmond, VA 23220

$500.00 Multiple Sclerosis Society Central Virginia Chapter,2104 W. Laburnum Ave.,Suite 102, Richmond, VA23227

TOTALDISBURSED

$59,500.00

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