e

t

" ,

Form

990

Department of the Treasury Internal Revenue Service

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) " The organization may have to use a copy of this return to satisfy state reporting requirements
ear, or tax year beginning C Name of organization , 20(

Return of Organization Exempt From Income Tax

OMB No 1545-0047

2004

A

For the 2004 calendar

and endin

B Check if applicable 0 Address change 0 Name change

Please use IRS Donors Capital Fund, Inc. label or poor or Number and street (or P O box if mail is not delivered to street Specific instruc-

20 D Employer identification number
E Telephone number F Accounting method:

0 Initial return
Final return

see

P.O . BOX 1305

i Room/suite

54 .1934032

Amended return

Alexandria, VA

City or town, state or country, and ZIP + 4

( 703 ) 535-3563
0 Cash W1 Accrual

22313

Application pending

*Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts must attach a completed Schedule A (Form 990 or 990-EZ).

G website: Do- www.donorscapitalfund .org
J Organization tvoe (check oniv one) " X 501(c) ( 3 1 .4 (insert no) D 4947(a)(11 or 0 527
K Check here " D if the organization's gross receipts are normally not more than $25,000 The organization need not file a return with the IRS, but if the organization received a Form 990 Package in the mail, it should file a return without financial data Some states require a complete return .

H and I are not applicable to section 527 or, ~a,n¢ahons H(a) Is this a group return for affiliates LJ Yes 6Z No H(b) If "Yes," enter number of affiliates m- _ . ------------H(c) Are all affiliates included 0 Yes E]No (If "No," attach a list See instructions ) H(d) Is this a separate return fled by an organization covered by a group rulings El Yes Z No I Group Exemption Number M Check " Ej if the organization is not required to attach Sch B (Form 990, 990-EZ, or 990-PF)

D Other (specify) t

L

"

Gross receipts Add lines 6b, 8b, 9b, and 10b to line 12 . 1

Revenue, Expenses, and Changes in Net Assets or Fund Balances See a e 18 of the instructions .)

19,364,337

o 

10

C C

Contributions, gifts, grants, and similar amounts received 16,025,683 is Direct public support . . . . . . . . . , , , . 11b Indirect public support . . . . . , . . . , , , Government contributions (grants) Total (add lines 1a through ic) (cash $ noncash $ ) 2 Program service revenue including government fees and contracts (from Part VII, line 93) 3 Membership dues and assessments . . . . . . . 4 Interest on savings and temporary cash investments . 5 Dividends and interest from securities . . 6a 6a Gross rents . . . . . . . . . . . . . , , , 6b b Less . rental expenses . . . . . . . . . , , , . c Net rental income or (loss) (subtract line 6b from line 6a) , STMT 1 ) 7 Other investment income (describe " (a) securities (B) Other 8a Gross amount from sales of assets other 977,891 8a than inventory . 947,745 8b b Less' cost or other basis .and sales . expenses 30,146 8c c Gain or (loss) (attach schedule) , . d Net gain or (loss) (combine line 8c, columns (A) and (B)) STMT 2 a b c d Gross revenue (not including $ of contributions reported on line 1 a) . 9b b Less' direct expenses other than fundraising expenses . c Net income or (loss) from special events (subtract line 9b from line 9a) 10a 10a Gross sales of inventory, less returns and allowances . , 10b . . . . . , . . , . b Less' cost of goods sold c Gross profit oloss) from sales of inventory (attach schedule) (subtract line 10b from line 10a) . 1 - ~ . . . . 6e (from Part VII, line 103) . e dd lines id, 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, and 11) . s (from line 44, column (B)) . . . Program se ~nje ~ d general (from line 44, column (C)) line 44, column (D)) . . . . "Fundraisin o aff sates (attach schedule) . 1 .. add lines 16 and 44, column ~(A)) ieD 13 18 19 20 21 . . 9 Special events and activities (attach schedule) If any amount is from gaming, check here " 0 a

1d 2 3 4 5 6c 7

16,025,683

7,849 385,331

1,967,583

8d

30,146

W

V (n

9c 10c 11 12 13 14 15 16 18 21

18,416 5,112 547

Excess or (deficit) for the year (subtract line 17 from line 12) Net assets or fund balances at beginning of year (from line 73, column (A)) . Other changes in net assets or fund balances (attach explanation) .STMT 3 . Net assets or fund balances at end of ear (combine lines 18, 19, and 20 Cat No 11282Y For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions . -1-

1

897 146

Form 990 (2004) n, V

Donors Capital Fund . Inc. - Form 990 2004 Form 990 (200,~ ~
Statement of Functional Expenses

54-1934032

Page 2

All organizations must complete column (A) Columns (B), (C), and (D) are required for section 501(c)(3) and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others (See page 22 of the instructions)

Do not include amounts reported on line
6b, 8b, 9b, lob, or 16 of Part l .

~

~

(A) Total

I

(s) Program
services

I

(c) Management
and general

(D) Fundraising

22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43

Pension plan contributions Other employee benefits . . . . . . Payroll taxes . . . . . . . . . . . Professional fundraising fees . . . . . , , , . . Accounting fees . . . . . , . Legal fees . . . . . . . , , Supplies . . . . . . . , . , , . , , . . Telephone . . . . . . . Postage and shipping . . . . . , . , , . , Occupancy . . . . . . Equipment rental and maintenance . . . . Printing and publications . . . . . . . , Travel . . . . . . . . , Conferences, conventions, and meetings Interest . . . . . . . . , . , , . Depreciation, depletion, etc (attach schedule) Other expenses not covered above (itemize) a See_ _ _ _ Statement 4 _ ----------------------------------------------------

Grants and allocations (attach schedule) . 5,112,460 noncash $ (cash $ ) Specific assistance to individuals (attach schedule) Benefits paid to or for members (attach schedule). Compensation of officers, directors, etc. . . Other salaries and wages . . . . . . .

22 23 24 25 26 28 29 30 31 32 33 34 35 36 37

5,112,460

5,112,460

14,990 2,681

14,990 2,681 90

90

Total functional expenses (add lines 22 through 43). Organizations completing columns IB)-(Dl, carry these totals to lines 13-15 . 44 Joint Costs. Check " Ej if you are following SOP 98-2 44

38 39 40 41 42 43a 43b 43c 43d 43e

529,474

529,474

5,659,695

5,112,460

547.235
W1 No ,

Are any point costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? . " D Yes If "Yes," enter (i) the aggregate amount of these point costs $ , (ii) the amount allocated to Program services $ ; and (iv) the amount allocated to Fundraising $ (iii) the amount allocated to Management and general $

see statement 5 What is the organization's primary exempt purpose? "-------------------------------------------------------- . .-----__ . Program Service Expenses All organizations must describe their exempt purpose achievements in a clear and concise manner. State the number (Required for 5oi(c)(s) and (a) or9s, and asa7(a)(i) of clients served, publications issued, etc Discuss achievements that are not measurable . (Section 501(c)(3) and (4) trusts, but optional for organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others ) others) -------------------------------------------------------------------------------------------------------------------------- ----- - -- -- ----- ---- - - -------(Grants and allocations $ 5112 460) -------------------------------------- ----------------------------------------------------------------------------------(Grants and allocations $ )

Statement of Program Service Accomplishments (See page 25 of the instructions.)

SeeStatement 6 -------------- ------------------------------------

5,112,460

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

----------------------------------------------------------------------------------- --------------------------(Grants and allocations $

)

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

--------------------------- ---------- --------------------------------- -------------------------------------------f Total of Program Service Expenses (should equal line 44, column (B), Program services) .

e Other program services (attach schedule)

(Grants and allocations (Grants and allocations

$ $

.

. "

) )

5 , 112, 460 Form 990 (2004)

Form 990 (20041

Donors Capital Fund . Inc. - Form 990 2004

54-1934032

Page 3

Balance Sheets (See page 25 of the instructions.)
Note : 45 46 Where required, attached schedules and amounts within the description column should be for end-of-year amounts only Cash-non-interest-bearing . . . . . investments . Savings and temporary cash . . . . . . . . . . . , . (A) Beginning of year 1,096,803 45 46 [B) End of year 6,81(

47a Accounts receivable . . . . , , . b Less allowance for doubtful accounts .
, , , . , , 48a Pledges receivable b Less' allowance for doubtful accounts 49 Grants receivable . . . . . . . 50 51a , . .

47a 47b
48a 48b

48c 49 50

. . . . . . . . Receivables from officers, directors, trustees, and key employees (attach schedule) . . . .

y

Other notes and loans receivable (attach 51a . . , , schedule) . . . . . . 51b b Less allowance for doubtful accounts , 52 Inventories for sale or use . . 53 Prepaid expenses and deferred charges . . . . . . 54 Investments-securities (attach schedule) MIT 7 " El Cost 0 FMV 55a Investments-land, equipment . basis buildings, and

51c 53 54

22,075,464

29,940,764

b Less accumulated depreciation (attach schedule) . , . . . , . , . , 56 Investments--other (attach schedule) . . 57a Land, buildings, and equipment: basis . b Less . accumulated depreciation schedule) . . . . . . 58 Other assets (describe " 59 60 61 62 63 (attach , .

55b . ~57a 57b ) . . . . . . . 23,172,267 46,216 . . . . . .

55c 56

57c 58 59 60 62 63 64a 64b 52,905 65 36,751,185 68,700

Total assets (add lines 45 through 58) (must equal line 74) Accounts payable and accrued expenses . Grants payable . . . . . . . . Deferred revenue . . . . . . . . . . . . . . . . . .

d a

Loans from officers, directors, trustees, and key employees (attach schedule) . . . . . . . . . . . . . . . . . . . . . . 64a Tax-exempt bond liabilities (attach schedule) . b Mortgages and other notes payable (attach schedule) . . . . . ) 65 Other liabilities (describe " Due to Donors Trust, Inc .

78,007

66

Total liabilities (add lines 60 through 65) .

99,121 23,073,146

gg

146,707 36,604,478

v m c u~,. 0

Total net assets or fund balances (add lines 67 through 69 or lines 70 through 72, 23,073,146 73 36,604,478 column (A) must equal line 19 ; column (B) must equal line 21) . . 23,172,267 74 36,751,185 74 Total liabilities and net assets / fund balances (add lines 66 and 73) Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization . How the public perceives an organization in such cases may be determined by the information presented on its return . Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments 73
-3-

Organizations that follow SFAS 117, check here " W1 and complete lines 67 through 69 and lines 73 and 74 . 67 Unrestricted . . . . . . . . 68 Temporarily restricted . . . . . 69 Permanently restricted . . . . . . . . . . . . . . . Organizations that do not follow SFAS 117, check here 110. El and complete lines 70 through 74 . 70 Capital stock, trust principal, or current funds. 71 Paid-in or capital surplus, or land, budding, and equipment fund 72 Retained earnings, endowment, accumulated income, or other funds

67 69

71 72

Form 990 (2004)

Donors Capital Fund . Inc. - Form 990 2004

54-1934032

' '
a b

Reconciliation of Revenue per Audited Financial Statements with Revenue per Return (See page 27 of the instructions.)
a 19,191,027 a b

' =

Reconciliation of Expenses per Audited Financial Statements with Expenses per Return
a

Page 4

(1) Net unrealized gams on investments . . $ (2) Donated services and use of facilities $ (3) Recoveries of prior year grants . (4) Other (specify) ----------------------

Total revenue, gains, and other support per audited financial statements . " Amounts included on line a but not on line 12, Form 990 774,435

(2) Prior year adjustments reported on line 20, Form 990 . (3) Losses reported on line 20, Form 990 . (4) Other (specify) b c 774,435 c d

(1) Donated services and use of facilities

Total expenses and losses per audited financial statements . . " Amounts included on line a but not on line 17, Form 990$

5,659,695

$

Add amounts on lines (1) through (4) " c d Line a minus line b . . Amounts included on line 12, Form 990 but not on line a: "

(1) Investment expenses not included on line 6b, Form 990. . , $
(2) Other (specify) . ---------------------Add amounts on lines (1) and (2) " d 0

(2)

(1) Investment expenses not included on line 6b, Form 990
Other (specify) : ----------------------

------ --------------- $ Add amounts on lines (1) through (4) " Line a minus line b . . . . , " Amounts included on line 17, Form 990 but not on line a:

b c

0 5,659,695

e

e Total expenses per line 17, Form 990 Total revenue per line 12, Form 990 19,965,462 line c plus line d) . . . t e line c plus line d . " 5,659,695 e List of Officers, Directors, Trustees, and Key Employees (List each one even if not compensated; see page 27 of the instructions .)
(A) Name and address (B) Title and average hours per week devoted to position (C) Compensation (D) Contnbuhons to (E) Expense (If not paid, enter employee benefit plans 8 account and other -0-. deferred compensation allowances

Add amounts on lines (1) and (2) "

d

0

James S. Wachs

--------------------------------------------------------------- President - 2.5 All can be reached in c/o of the organization Bruce H. Jacobs --------------------------------------------------------------- Vice President - 2.5 Whitney L . Ball -------------------------------------------- ------Secretary/Treas. - 20 .0 Christopher DeMuth- ---- ------------------------------------------- ------------- Board Member - 2.5 Steve n - Hayward ------------------------------------------- Board Member-2 .5 ---~------- Kris Alan Mauren --------------------------------------------------------------- Board Member - 2.5 William H . Mellor --------------------------------------------------------------- Board Member - 2.5 Stephen Moore ---------------------------------------------- Board Member - 2.5 ----John Von Kannon ---------------------------------------------------------~----- Board Member - 2.5

0 0 0 0 0 0 0 0 0I

0 0 0 0 0 0 0 0 I 0I

0 0 0 0 0 0 0 0 0

75

Did any officer, director, trustee, or key employee receive aggregate compensation of more than $100,00 from your organization and all related organizations, of which more than $10,000 was provided by the related organizations ." If "Yes," attach schedule-see page 28 of the instructions

W1 Yes D No STMT 8 Form 990 (2004)

-4-

Donors Capital Fund . Inc . - Form 990 2004 Form 990 (2004 r.7M 1 76 77 Information See pa g e 28 of the instructions . 76 77 Did the organization engage in any activity not previously reported to the IRS If "Yes," attach a detailed description of each activity. Were any changes made in the organizing or governing documents but not reported to the IRS? . . . If "Yes," attach a conformed copy of the changes 78a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this returns b If "Yes," has it filed a tax return on Form 990-T for this year? . . . . . . , . _ . , , , . . 79 Was there a liquidation, dissolution, termination, or substantial contraction during the year? If "Yes," attach a statement

54-1934032 Page rJ Yes No J r ~/ r J .~

78a 78b

79 Is the organization related (other than by association with a statewide or nationwide organization) through common 80a membership, governing bodies, trustees, officers, etc , to any other exempt or nonexempt organizations . , b If "Yes," enter the name of the organization " Donors Trust, Inc . ___ . . . . .__ . . . ._ . ._____ . . .___ . . . . .__ . .__ ._ . ._ ._ . . . . .__ ._ and check whether it is Z exempt or El nonexempt . N/A 81a 81a Enter direct and indirect political expenditures . See line 81 instructions . . 81b b Did the organization file Form 1120-POL for this year? . . . . . . . . , . , , , , , , 80a 82a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge 82a or at substantially less than fair rental value? . . . . . . . . . . . . . . , , , , , b If "Yes," you may indicate the value of these items here Do not include this amount N/A 82b as revenue in Part I or as an expense in Pan II . (See instructions in Part III ., . 83a Did the organization comply with the public inspection requirements for returns and exemption applications? 83b b Did the organization comply with the disclosure requirements relating to quid pro quo contributions?. . . . . . . 84a 84a Did the organization solicit any contributions or gifts that were not tax deductible? b If "Yes," did the organization include with every solicitation an express statement that such contributions . . . . . . . . . . . . . , . . . , , or gifts were not tax deductible? 85 501(c)(4), (5), or (6) organizations a Were substantially all dues nondeductible by members . . . , b Did the organization make only in-house lobbying expenditures of $2,000 or less . . . . . , , , If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a waiver for proxy tax owed for the prior year 85c c Dues, assessments, and similar amounts from members . . . . . . 85d . , . . . , , . d Section 162(e) lobbying and political expenditures . 85e e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices . . , 85f f Taxable amount of lobbying and political expenditures (line 85d less 85e) . . g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f'? , h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86a 86 501(c)(7) orgs Enter . a Initiation fees and capital contributions included on line 12 . 86b b Gross receipts, included on line 12, for public use of club facilities . . . , 87 501(c)(i2) orgs Enter' a Gross income from members or shareholders . b Gross income from other sources . (Do not net amounts due or paid to other sources against amounts due or received from them .) 88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections 301 .7701-2 and 301 .7701-3? If "Yes," complete Part IX . , . . . . 0 84b 85a 85b

r

,/ I

r

85h

89a 501(c)(3) organizations . Enter . Amount of tax imposed on the organization during the year under . 0 ; section 4955 Bosection 4911 . 0 , section 4912 "

c Enter: Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 . . . . . . . . . . . , d Enter: Amount of tax on line 89c, above, reimbursed by the organization . 90a List the states with which a copy of this return is filed " _See Statement 9 1 90b I b Number of employees employed in the pay period that includes March 12, 2004 (See instructions) .---------------------------- Telephone no . " ( . . . . . .. . ?Seepage l_,_____ 91 The books are in care of " Theorganization - -------Located at " _See Page 1------------------------------------------------------------ ZIP + 4 " ------------See page 1------92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 In lieu of Form 1041-Check here . . , and enter the amount of tax-exempt interest received or accrued during the tax year , . . " 1 92 1 . . . .

b 501(c)(3) and 501(c)(4) orgs Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year? If "Yes," attach a statement ex P lainin 9 each transaction . . . . . . . . . . . . . . . . . . . . . .

89b

r

" 0 N/A

Form 990 (2004)

-5-

Donors Capital Fund. Inc. - Form 990 2004 Form 990 (2004)

54-1934032 Page 6
or exempt function income ( E)

Analysis of Income-Producing Activities See page 33 of the instructions.
Unrelated business income (B) Amount (A) Business code (C) Exclusion code

Note : Enter gross amounts unless otherwise indicated

Excluded by section 512, 513, or 514 (D) Amount

a b c d e f Medicare/Medicaid payments g Fees and contracts from government agencies 94 Membership dues and assessments . , 95 Interest on savings and temporary cash investments 96 Dividends and interest from securities Net rental income or (loss) from real estate . 97 a debt-financed property b not debt-financed property . 98 Net rental income or (loss) from personal property 900000 237,01' . . . 99 Other investment income other than inventory 100 Gain or (loss) from sales of assets 101 Net income or (loss) from special events 102 Gross profit or (loss) from sales of inventory 103 Other revenue: a b c d e 237,02 104 Subtotal (add columns (B), (D), and (E)) . . 105 Total (add line 104, columns (B), (D), and (E)) . Note : Line 105 plus line 1d, Part l, should equal the amount on line 12, Part 1
Line No .

93

Program service revenue

14 14

7,849 385,331

14 18

1,730,560 30,146

Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes)

of Activities to the

of

e 34 of the instructions .'

N/A

Information Re gardin g Taxable Subsidiaries and Disreg arded Entities See page 34 of the instructions . B A Percentage of End Name, address, and EIN of corporation, Nature of activities Total partnership, or disregarded entity a ~ ownership interest

(a) Did the organization, during the year, receive any funds, directly or indire (b) Did the organization, during the year, pay premiums, dire Note : If "Yes" to (b), file Form 8870 and Form 4 720 (see ins

Please
Sign Here

Under penalties f eriury and belief, it r corr

'

eclare that I h ve examined this return, laration f preparer , and co ple

I y, ' Type or print name and title
Preparer's'

na

e of offic r

L
G

Paid

Preparer's Use

signature Firm's name for yon it self-employed), address.. and ZIP + 4

,eI-VA o

Je ey C ~ 5ES

Charitable r e Blvd, Ste 823,

SCHEDULE A

(Form` 990 or 990-EZ) Department of the Treasury Internal Revenue Service Name of the organization

Organization Exempt Under Section 501(c)(3)
(Except Private Foundation) and Section 501(e), 501(f), 501(k), 501(n), or Section 4947(a)(1) Nonexempt Charitable Trust Supplementary Information-(See separate instructions .)

OMB No 1 545-0047

" MUST be completed by the above organizations and attached to their Form 990 or 990-EZ Employer identification number 54 :1934032

2004

Donors Capital Fund, Inc.

Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (See page 1 of the instructions. List each one . If there are none, enter "None .")
(b) Title and average hours per week devoted to position (c) Compensation (d) Contributions to employee benefit plans & deferred compensation

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

(e) Expense account and other allowances

None ---------------------------------------------------------

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

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

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

--------------------------------------------------------Total number of other employees $50,000 . paid over

Compensation of the Five Highest Paid Independent Contractors for Professional Services
(b) Type of service I

(See page 2 of the instructions . List each one (whether individuals or firms) . If there are none, enter "None.
(a) Name and address of each independent contractor paid more than $50,000 (c) Compensation

Donors Trust, Inc. ---------------------------------------------------------------------------------------P.0. Box 1305, Alexandria, VA 22313 ----------------------------------------------------------------------------------------

339,941

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

--------------------------------------------------------------------------------------Total number of others receiving over $50,000 for professional services . . t For Paperwork Reduction Act Notice, see the Instructions for Form 990 and Form 990-EZ . -7Cat No 11285F
Schedule A (Form 990 or 990-EZ) 2004

Donors Caaital Fund . Inc . - Form 990 2004 Schedule A (Form 990 or 990-EZ) 2004 Statements About Activities (See page 2 of the instructions) 1 During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence public opinion on a legislative matter or referendum? If "Yes," enter the total expenses paid (Must equal amounts on line 38, or incurred in connection with the lobbying activities " $ Part VI-A, or line i of Part VI-B ) . . . . . . . . . . . . . . . . . . . . . . . . . . Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A Other organizations checking "Yes" must complete Part VI-B AND attach a statement giving a detailed description of the lobbying activities During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which any such person is affiliated as an officer, director, trustee, majority owner, or principal beneficiary (If the answer to any question Is "Yes, " attach a detailed statement explaining the transactions .) . . . . . . . . . . . . . Sale, exchange, or leasing of property? . . . . . . . . . . . Lending of money or other extension of credits . . . . . . . . . . . . . . . . . Furnishing of goods, services, or facilities? . . . . . . . . . . . . Payment of compensation (or payment or reimbursement of expenses if more than $1,000)? . . . . . . . . . . . . . . Transfer of any part of its income or assets? . . . . . . . . . . Do you make grants for scholarships, fellowships, student loans, etc ? (If "Yes," attach an explanation of how you determine that recipients qualify to receive payments .) . . . . . . . . . . . . . . , Do you have a section 403(b) annuity plan for your employees? . . . . . . . . . . . . Did you maintain any separate account for participating donors where donors have the right to provide advice on the use or distribution of funds? . . . . . . . . . . . . . . . . . . . . . . . . Do you provide credit counseling, debt management, credit repair, or debt negotiation services? Reason for Non-Private Foundation Status (See pages 3 through 6 of the instructions .) The organization is not a private foundation because it is (Please check only ONE applicable box) 5 6 7 8 9 10 D D D El D 2a 2b 2d 2e 3a 3b

54-1934032 Page 2 Yes

1

2

a b c d e 3a b 4a b

r J r r

J

4a ~ 4b T

D An organization operated for the benefit of a college or university owned or operated by a governmental unit Section 7 70(b)(1)(A)(iv) (Also complete the Support Schedule in Part IV-A)

A church, convention of churches, or association of churches . Section 170(b)(1)(A)(i) . A school . Section 170(b)(1)(A)(ii). (Also complete Part V ) A hospital or a cooperative hospital service organization Section 170(b)(1)(A)(ui) A Federal, state, or local government or governmental unit Section 170(b)(1)(A)(v) . A medical research organization operated in conjunction with a hospital . Section 170(b)(1)(A)(ni) . Enter the hospital's name, city, and state " . . .---------------------------------------------------------------------------------------------------------------------------

11a D An organization that normally receives a substantial part of its support from a governmental unit or from the general public. Section 170(b)(1)(A)(vi) . (Also complete the Support Schedule in Part IV-A.) 11b D A community trust Section 170(b)(1)(A)(vi) . (Also complete the Support Schedule in Part IV-A .) 12 D An organization that normally receives (1) more than 33'/a% of its support from contributions, membership fees, and gross receipts from activities related to its charitable, etc ,functions-subject to certain exceptions, and (2) no more than 33'/s% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 . See section 509(a)(2) . (Also complete the Support Schedule in Part IV-A .) 13 0 An organization that is not controlled by any disqualified persons (other than foundation managers) and supports organizations described in : (1) lines 5 through 12 above; or (2) section 501(c)(4), (5), or (6), if they meet the test of section 509(a)(2). (See section 509(a)(3) .)

Provide the following information about the supported organizations (See page 5 of the instructions )
(a) Name(s) of supported organization(s)

(b) Line number from above

See Statement 6

14

[:] An organization organized and operated to test for public safety Section 509(a)(4) (See page 5 of the instructions )

Schedule A (Form 990 or 990-EZ) 2004

-8-

Donors Capital Fund . Inc. - Form 990 2004 Schedule A (Form 990 or 990-EZ) 2004

Support Schedule (Complete only if you checked a box on line 10, 11, or 72 .) Use cash method of accounting. Note : You may use the worksheet In the instructions for converting from the accrual to the cash method of accounting Calendar year (or fiscal year beginning in) " (a) 2003 (b) 2002 (c) 2001 (d) 2000 (e) Total 15 Gifts, grants, and contributions received . (Do not include unusual grants . See line 28 .) . 16 17 Membership fees received Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities m any activit y that is related to the organization's charitable, etc , purpose . Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975 Net income from unrelated business activities not included in line 18 . Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf . The value of services or facilities furnished to the organization by a governmental unit without charge Do not include the value of services or facilities generally furnished to the public without charge . Other income Attach a schedule . Do not include gain or (loss) from sale of capital assets Total of lines 15 through 22 . Line 23 minus line 17 . Enter 1 % of line 23 Organizations described on lines 10 or 11 : b a Enter 2% of amount in column (e), line 24 . . . , " 26a

54-1934032 Page 3

18

19 20 21

22 23 24 25 26

WA

Prepare a list for your records to show the name of and amount contributed by each person (other than a governmental unit or publicly supported organization) whose total gifts for 2000 through 2003 exceeded the amount shown in line 26a . Do not file this list with your return . Enter the total of all these excess amounts " c Total support for section 509(a)(1) test . Enter line 24, column (e) . . . , . . . . . . , , , " d Add Amounts from column (e) for lines . 18 19 22 26b , , , , , , " e Public support (line 26c minus line 26d total) . . . . . . , , , , , , , , , , , , , f Public support percentage (line 26e (numerator) divided by line 26c (denominator)) . " 27

26b 26c 26d 26e 26f

N/A

Organizations described on line 12 : a For amounts included in lines 15, 16, and 17 that were received from a "disqualified person," prepare a list for your records to show the name of, and total amounts received m each year from, each "disqualified person " Do not file this list with your return . Enter the sum of such amounts for each year . b (2003) -------------------------- (2002) --------------- ------------ (2001) --------------------------- (2000) -------------------------For any amount included in line 17 that was received from each person (other than "disqualified persons"), prepare a list for your records to show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000 . (Include in the list organizations described in lines 5 through 11, as well as individuals) Do not file this list with your return . After computing the difference between the amount received and the larger amount described in (1) or (2), enter the sum of these differences (the excess amounts) for each year (2003) -------------------------- (2002) --------------------------- (2001) --------------------------- (2000) -------------------------Add' Amounts from column (e) for lines . 15 76 17 20 21 Add . Line 27a total . and line 27b total Public support (line 27c total minus line 27d total) . . . . . . . . . . , , Total support for section 509(a)(2) test . Enter amount from line 23, column (e) . . " Public support percentage (line 27e (numerator) divided by line 27f (denominator)) Investment income percentage (line 18, column (e) (numerator) divided by line 27f 27c 27d 27e 279 27h NBA N/A

c d e f g h 28

. 27f

,

.

,

" " , "

. . . . . , " (denominator)) "

Unusual Grants: For an organization described in line 10, 11, or 12 that received any unusual grants during 2000 through 2003, prepare a list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant Do not file this list with your return . Do not include these grants i n li ne 75
Schedule A (Form 990 or 990-EZ) 2004

-9-

Donors Capital Fund . Inc. - Form 990 2004 Schedule A (ForTn 990 or 990-EZ) 2004 [Em 29 30 Private School Questionnaire (See page 7 of the instructions .) (To be completed ONLY by schools that checked the box on line 6 in Part I~ 29

54-1934032 Page 4

Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws, other governing instrument, or in a resolution of its governing body? . . . . . . . , , , , , Does the organization include a statement of its racially nondiscriminatory policy toward students in all its brochures, catalogues, and other written communications with the public dealing with student admissions, programs, and scholarships? . . . . . . . . . . , , . , , , , , , , , , , , , , Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no solicitation program, in a way that makes the policy known to all parts of the general community it serves? . . . . . . . . , . , If "Yes," please describe ; if "No," please explain. (If you need more space, attach a separate statement) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Yes

No

30

31

31

32 a b c d

Records indicating the racial composition of the student body, faculty, and administrative staff?

Does the organization maintain the following - ------------------------------------------------------------------------------------------------------------------------

32a 32b 32c 32d

Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . with student admissions, programs, and scholarships? Copies of all catalogues, brochures, announcements, and other written communications to the public dealing . . . . . . . . , , . , , , . , _ , Copies of all material used by the organization or on its behalf to solicit contributions . . . . . , , ,

If you answered "No" to any of the above, please explain (If you need more space, attach a separate statement .) -------------------------------------- ------------------------------- ---------------------------------------------------33 a b c d e f g h Does the organization discriminate by race m any way with respect to . - -----------------------------------------------------------------------------------------------------------------------Students' rights or privileges? . Admissions policies? . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . , . . . . . . . , , . . . , . , . . . . . . . . . . . . . . . . . . . . . . , . . . , . . , . . . . , , . . . , . _ , , . . , . . , . , , , , , . , , , , , , , , , , . , , , . , , . , , , , . , , , , . , , 33d 33e 33f 33 33h

Employment of faculty or administrative staffs , Scholarships or other financial assistance? . Educational policies? . Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Athletic programs .

Other extracurricular activities? .

If you answered "Yes" to any of the above, please explain . (If you need more space, attach a separate statement.) -------------------------------------------- --------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------ ------------------------------------ ------------------------------------------------------------------------------------------------------34a b Does the organization receive any financial aid or assistance from a governmental agency? Has the organization's right to such aid ever been revoked or suspended? , . . . . If you answered "Yes" to either 34a or b, please explain using an attached statement . . . . . . . . , , , , , 34a 34b

35

Does the organization certify that it has complied with the applicable requirements of sections 4 01 through 4 .05 of Rev . Proc . 75-50, 1975-2 C B . 587, covering racial nondiscrimination? If "No," attach an explanation

Schedule A (Form 990 or 990-EZ) 2004

I 35 I

I

-10-

Schedule A (Form 990 or 990-EZ) 2004

Donors Capital Fund. Inc. - Form 990 2004

54-1934032
Page rJ

Check " a

D if the organization belongs to an affiliated group

Lobbying Expenditures by Electing Public Charities (See page 9 of the instructions.) (To be completed ONLY by an eligible organization that filed Form 5768)
Check " b Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred .)
Affiliated group totals

0 if you checked "a" and "limited control" provisions apply
I To be completed for ALL electing organizations

36 37 38 39 40 41

Total lobbying expenditures to influence public opinion (grassroots lobbying) . . , . Total lobbying expenditures to influence a legislative body (direct lobbying) . . . . . . . . Total lobbying expenditures (add lines 36 and 37) . . . . Other exempt purpose expenditures . . . . . . . Total exempt purpose expenditures (add lines 38 and 39) . . . . , . . _ , , Lobbying nontaxable amount . Enter the amount from the following tableThe lobbying nontaxable amount isIf the amount on line 40 is. 20% of the amount on line 40 . Not over $500,000 . . . . . Over $500,000 but not over $1,000,000 . $100,000 plus 15% of the excess over $500,000 $175,000 plus 10% of the excess over $1,000,000 Over $1,000,000 but not over $1,500,000 . Over $1,500,000 but not over $17,000,000 . $225,000 plus 5% of the excess over $1,500,000 Over $17,000,000 . . . . . . . $1,000,000 Grassroots nontaxable amount (enter 25% of line 41) . . , , . . Subtract line 42 from line 36 Enter -0- if line 42 is more than line 36 . Subtract line 41 from line 38 . Enter -0- if line 41 is more than line 38 . . . . . , .

36 38 40

41

42 43 44

42

Caution : If there is an amount on ether line 43 or line 44, you must file Form 4720 (Some organizations that made a section 501(h) election do not have to complete all of the five columns below . See the instructions for lines 45 through 50 on page 11 of the instructions .) Lobbying Expenditures During 4-Year Averaging Period Calendar year (or fiscal year beginning in) " 45 46 47 Lobbying nontaxable amount Lobbying ceiling amount (750% of line 45(e)) Total lobbying expenditures . I (a) 2004 I (b) 2003 (c) 2002 (d) 2001 (e) Total

4-Year Averaging Period Under Section 501(h)

0 0 0 0 0 0

48
49 50

Grassroots nontaxable amount
Grassroots ceding amount (150% of line 48(e)) I Grassroots lobbying expenditures .

"

Lobbying Activity by Nonelecting Public Charities N/A (For reporting only by organizations that did not complete Part VI-P

11 of the instructions
Yes No Amount

During the year, did the organization attempt to influence national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of: a Volunteers . . . . . . . . . . . . b Paid staff or management (Include compensation in c Media advertisements . . , . . . . . . d Mailings to members, legislators, or the public . . e Publications, or published or broadcast statements f Grants to other organizations for lobbying purposes . . . . . . expenses reported on lines c through h .) . . . . . . . . . . . . . . . . . . . .

g Direct contact with legislators, their staffs, government officials, or a legislative body .

h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means i Total lobbying expenditures (Add lines c through h .) . . . . . . . . . . . . . . . If "Yes" to any of the above, also attach a statement giving a detailed description of the lobbying activities

0

Schedule A (Form 990 or 990-EZ) 2004

-11-

Donors Capital Fund . Inc . - Form 990 2004 Schedule A (Foam 990 or 990-EZ) 2004

'

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (See page 11 of the instructions.)

54-1934032 Pa g e 6

51 a

(ii) Other assets . . . . . . . . . . . . . . . b Other transactions (i) Sales or exchanges of assets with a noncharitable exempt organization
(ii) Purchases of assets from a noncharitable exempt organization . (iii) Rental of facilities, equipment, or other assets . . . . .

Did the reporting organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? Yes No Transfers from the reporting organization to a noncharitable exempt organization of 51a (i) r (i) Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.

.

.

.

.

.

.

.

,

,

,

a(h)

r

(iv) Reimbursement arrangements
(v) Loans or loan guarantees .

c d

Sharing of facilities, equipment, marling lists, other assets, or paid employees . . . . . . . . . . , c J 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, other assets, or services given by the reporting organization If the organization received less than fair market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received .

(vi) Performance of services or membership or fundraising solicitations

.

.
.

.
.

.
.

.

.

.

.

.

.
.

.
.

, . .

. , .

. .

. . .

. .

. . .

. .

. . .

. .

. . .

. .

. . .

. .

. . .

. .

. . .

. .

. . .

.

,

,

.
.

, ,

, ,

.

b( ii ) b( iii ) b(v )

J

b(iv ) b(vi )

./

r

,

.

r

52a Is the organization 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

Z No

Schedule A (Form 990 or 990-EZ) 2004

-12-

DONOR CAPITAL FUND. INC.
FORM 990

FORM 990
OTHER INVESTMENT INCOME

54-1934032
STATEMENT 1

Description Investment Income from Caxton Select LLC subject to UBIT Investment Income from Caxton Select LLC not subject to UBIT Line 7, Part I FORM 990 GAIN/(LOSS) FROM PUBLICLY TRADED SECURITIES GROSS SALES PRICE 977,891 977,891 COST OR OTHER BASIS 947,745 947,745 EXPENSE OF SALE -

237,023 1,730,560 1,967,583 STATEMENT 2 NET GAIN OR (LOSS) 30,146 30,146

Sale of marketable securities Line 8d, Part 1

FORM 990

OTHER CHANGES IN NET ASSETS/FUND BALANCES

STATEMENT 3

Description Unrealized gain on investments Line 20, Part I

774,435 774,435

FORM 990

OTHER EXPENSES (A) (B) PROGRAM SERVICES (C) MANAGEMENT & GENERAL 105,000 66,977 17,556 339,941 529,474

STATEMENT 4 (D) FUNDRAISING

TOTAL Consulting Taxes Investment fees Administrative services Total to Part II, Line 43 105,000 66,977 17,556 339,941 529,474

-

-

-~s-

DONOR CAPITAL HIND, INC.

FORM 990

54-1934032

FORM 990

PART III - STATEMENT OF PRIMARY EXEMPT PURPOSE

STATEMENT 5

Support of organizations described in Internal Revenue Code sections 509(a)(1) and 509(a)(2), which alleviate, through education, research and private initiatives, society's most pervasive and radical needs, including those relating to social welfare, health, environment, economics, governance, foreign relations, and arts and culture ; and which encourage philanthropy and individual giving and responsibility as an answer to society's needs, as opposed to governmental involvement.

FORM 990

CASH GRANTS AND ALLOCATIONS

STATEMENT 6

Classification Grant

Grantee's Name Grantee's Address See attached list

Grantee's Relationship Supported organizations

Amount 5,112,460

FORM 990

INVESTMENTS - SECURITIES
OTHER PUBLICLY TRADED SEC.

STATEMENT 7

Investment in Caxton LLC Investment in public securities To Part N, Line 54, Col. B

CORPORATE STOCKS 13,046,796 13,046,796

CORPORATE BONDS

OTHER SEC. 16,893,968 16,893,968

-

-

TOTAL NONGOVT SEC. 16,893,968 13,046,796 29,940,764

FORM 990
(A)

RELATED ORGANIZATION OFFICER COMPENSATION
(C) (D) (E) Expense account and other allowances

STATEMENT 8

Name and Address & Paving Organization Whitney L. Ball PO Box 1305 Alexandria, VA 22313 100% provided by Donors Trust, Inc. EIN: 52-2166327

Compensation 104,815

Contributions to employee benefit plans & deferred compensation 3,402

-17-

DONOR CAPITAL FUND, INC.
FORM 990

FORM 990
LIST OF STATES RECEIVING FORM 990

54-1934032
STATEMENT 9

Connecticut, Florida, Illinois, New York, Virginia, Washington

-18-

Doors Capital Fund, Inc.
Grantee American Civil Rights Institute American Conservative Union Foundation American Enterprise Institute

2004 Form 990 Schedule of Grantees
Grantee Address P .O Box 188350 1009 Cameron Street 1150 Seventeenth Street, NW

EIN : 54-1934032
Grant Amount 5,000 1,000 1,501,000 75,000 1,000 10,000 10,000 2,500 5,000 174,670 22,000 10,000 30,000 50,000 10,000 1,000 25,000 1,500 15,000 2,500 1,000 1,000 50,000 7,500 5,000 550,000 1,000 5,000 101,000 100,000 5,000 200 10,000 5,000 5,000 50,000 3,333 25,000 50,000 5,000 15,000 2,500 1,000 10,000 10,000 5,000 30,000 7,500 202,500 200,000

Sacramento Alexandria Washington Chicago Arlington Apopka Los Angeles Washington Chicago Washington Washington Glencoe Chicago Chicago Williamsburg Chicago Alexandria Olympia Philadelphia Seattle Phoenix Winnetka Boston Washington Suite 600 Hobe Sound Washington Chicago Arlington Washington Chicago Hobe Sound Chicago Arlington Orlando Evanston Chicago Chicago New York Jacksonville Alexandria New York Arlington Chicago Helena Atlanta Springfield Falls Church Alexandria Evanston

CA VA DC i1 VA FL CA DC IL DC DC IL IL IL KY IL VA WA PA WA AZ IL MA DC FL DC IL VA DC d FL IL VA FL d IL i1 NY FL VA NY VA IL MT ga VA VA VA IL

95818 22314 20036 60603-3104 22201 32703 90035 20036-1480 60690-1979 20001-5403 20036 60022 60611 60604-2559 40769-1372 60614-3296 22314 98507-0522 19106 98109 85004 60093-2554 02163 20002-4999 33475-0511 20005 60610 22201 20006-4615 60606-4694 33475-0375 60637 22151 32854 60201 60614 60606 10017 32224 22314 10021 22201-4433 60608 59624-0355 30314-3773 22160 22046 22314 60208

Art Institute of Chicago 37 South Wabash Street Atlas Economic Research Foundation 200 North 14th Street Boy Scouts Of America - Central Florida Counc 1951 South OBT Brotherhood Organization of a New Destiny Capital Research Center P .O . Box 35090 1513 16th Street, N W P .O Box 1979

Catholic Bishop of Chicago Cato Institute Center for Individual Rights Chicago Botanic Garden Chicago Shakespeare Theater Civic Orchestra of Chicago Cumberland College DePaul University

Donors Trust Evergreen Freedom Foundation Foundation for Individual Rights in Education Fred Hutchinson Cancer Research Center Goldwater Institute Hadley School for the Blind Harvard Business School Heritage Foundation Hobe Sound Community Chest, Inc Hudson Institute Immaculate Conception Church Institute for Humane Studies Institute for Justice

800 East Grand Avenue 220 S . Michigan Avenue 6191 College Station Drive 804 W . Belden Avenue 111 North Henry

1000 Massachusetts Avenue, N W 1233 20th Street, N .W . Suite 300 1000 Lake Cook Road

P .O . Box 552 210 West Washington Square, Suite 303 1100 Fairview Avenue North 500 E . Coronado Road 700 Elm Street

Morgan Hall 125, Soldiers Field 214 Massachusetts Avenue, N .E . PO box 511 1015 15th Street, NW, Sixth Floor 1431 North Park Avenue 3301 North Fairfax Drive Suite 440

Jewish United Fund of Metropolitan Chicago Jupiter Island Medical Fund, Inc . Kairos Prison Ministry Laboratory Schools Leadership Institute Liberty Counsel Light Opera Works

1717 Pennsylvania Avenue, N .W ., Suite 200 1 South Franklin St ., Rm . 615 PO Box 375 1362 East 59th Street 1101 North Highland Street Post Office Box 540774 927 Noyes Street 2001 North Clark Street 20 North Wacker Drive 52 Vanderbdt Avenue 4500 San Pablo Road

Lincoln Park Zoo Lyric Opera of Chicago Manhattan Institute For Policy Research

Mayo Foundation Media Research Center Memorial Sloan-Kettering Cancer Center Mercatus Center, George Mason University Mobile CARE Foundation Montana Land Reliance Morehouse College Nat . Right to Work Legal Def. & Edu . Fdn . National Legal & Policy Center National Taxpayers Union Northwestern University

113 S . West Street 1275 York Avenue 3401 North Fairfax Drive, Suite 450 2244 South Wolcott 324 Fuller Avenue 830 Westview Drive, SW

8001 Braddock Road, Ste . 500 107 Park Washington Court 108 North Alfred Street 633 Clark Street

-19-

Donors Capital Fund, Inc.
Grantee Operation Exodus Inner City Pacific Legal Foundation Philanthropy Roundtable Roosevelt University Salvation Army-Chicago Second Amendment Foundation Society of the Divine Saviour

2004 Form 990 Schedule of Grantees
Grantee Address 612 West 188th Street 3900 Lennane Drive, Suwte 200 1150 17th Street, N .W m Suite 503 430 South Michigan Avenue 5040 North Pulaski Road 12500 N .E . Tenth Place

EIN : 54-1934032
Grant Amount 5,000 2,500 17,257 10,000 2,500 1,000 25,000 20,000 22,000 1,000 5,000 1,000 1,000 2,000 2,000 2,500 1,000,000 6,000 500,000 1,000 1,000 5,000 1,000 51,000 12,000 5,112,460

New York Sacramento Washington Chicago Chicago Bellevue Milwaukee Salt Lake City Orlando Memphis Hillsboro Chicago Richmond Dallas Lake Forest Chicago Chicago Washington Valhalla Chicago Winnetka Miami Chicago Hartford Herndon

NY CA DC II IL WA WI UT FL TN OR IL CA TX IL IL IL DC NY 11 IL FL 11 CT VA

10040 95834 20036 60605-1394 60630-2788 98005 53208-1720 84111 32819 38105 97123 60611-5685 94805 75243 60045 60661 60637 20036 10595 60625 60093 33261-0002 60625 06126 20170-4809

1735 N . High Mount Blvd . 215 South State Street, Suite 1170 Spent of America St Jude Marornte Catholic Church of Orlando, 5555 Dr. Phillips Boulevard 501 St . Jude Place St. Jude's Children Research Hospital 221 SE Walnut St. Matthew School St Michael's Church in Old Town State Policy Network Student Government Affairs Program United Way - Winnetka-Northfield Chapter 1633 North Cleveland 6255 Arlington Blvd .

United Way/Crusade of Mercy University of Chicago Washington Legal Foundation

9696 Skiliman 400 East Illinois Road 560 West Lake Street

Westchester Community College Foundation WFMT Radio Winnetka Historical Society WPBT-Channel 2 WTTW Channel 11

5801 S . Ellis Avenue 2009 Massachusetts Avenue N W Hartford Hall, 75 Grasslands Road 5400 North St ; Lows Avenue PO Box 365 PO Box 610002 5400 North St . Louis Avenue PO Box 260660 110 Elden Street Suite A

Yankee Institute Young America's Foundation Total Grants

-20-

(Rev December 2004)

,8868

Application for Extension of Time To File an

Department of the Treasury
Internal Revenue Service

Exempt Organization Return
" File a separate application for each return .

OMB No 1545-1709

" If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box . . . . . , " 0 " If you are fling for an Additional (not automatic) 3-Month Extension, complete only Part II (on page 2 of this form). Do not complete Part 11 unless you have already been ranted an automatic 3-month extension on a previously fled Form 8868 . Automatic 3-Month Extension of Time-Only submit original (no copies needed) Form 990-T corporations requesting an automatic 6-month extension-check this box and complete Part I only . , . " D All other corporations (including Form 990-C filers) must use Form 7004 to request an extension of time to file income tax returns. Partnerships, REM1Cs, and trusts must use Form 8736 to request an extension of time to file Form 1065, 1066, or 1041 . Electronic Filing (e-file). Form 8868 can be filed electronically if you want a 3-month automatic extension of time to file one of the returns noted below (6 months for corporate Form 990-T filers). However, you cannot file it electronically if you want the additional (not automatic) 3-month extension, instead you must submit the fully completed signed page 2 (Part i1) of Form 8868 For more details on the electronic filing of this form, visit www.irs gov/efile.
Type or print

Name of Exempt Organization

File by the due date for filing your return See instructions

Donors Capital Fund, Inc . Number, street, and room or suite no If a P O box, see instructions City, town or post office, state, and ZIP code For a foreign address, see instructions Alexandria, VA 22314

Employer identification number 54 . 1934032

111 North Henry Street

Check type of return to be filed (file a separate application for each return) Form 990 D Form 990-T (corporation) Form 990-BL D Form 990-T (sec . 401 (a) or 408(a) trust) D Form 990-EZ 1:1 Form 990-T (trust other than above) D Form 990-PF D Form 1041-A " The books are in the care of " _DonorsTrust~ Inc____________________________________

I~ EJ El El

Form Form Form Form

4720 5227 6069 8870

FAX No . " ( ----------) Telephone No . " (---~~--~--~----------------~-----------------------------" If the organization does not have an office or place of business in the United States, check this box . If this " If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) is for the whole group, check this box " E If it is for part of the group, check this box " [-] and attach a list with the names and EINs of all members the extension will cover. 1

I request an automatic 3-month (6-months for a Form 990-T corporation) extension of time until _August 15, --------- - 209§, to file the exempt organization return for the organization named above The extension is for the organization's return for: m calendar year 20 94 or 1111- D tax year beginning --------------------------------- . 20 ---. and ending --------------------------------, 20 --If this tax year is for less than 12 months, check reason : D Initial return El Final return D Change in accounting period

2

c Balance Due. Subtract line 3b from line 3a Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Caution. If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO for payment instructions .
For Privacy Act and Paperwork Reduction Act Notice, see Instructions . Cat No 27916D Form 8868 (Rev 12-2004)

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits See instructions . . . . . . , . . . . . b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax payments made . Include any prior year overpayment allowed as a credit . . . .

Y

Form 5868 (ReY 12-2004)

CC ik M .% " r 3))o o cod `3 Y 3 ~ Y393 7 0D 3 9 If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II and check this box . Note. Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868.

Page 2 " D

* If you are filing for an Automatic 3-Month Extension, complete only Part I (on page 1) .
Type or print File by the extended due for filing the
return See

Additional not automatic 3-Month Extension of Time-Must File Original and One Co
Name of Exempt Organization Donors Capital Fund, Inc . Number, street, and room or suite no If a P.O . box, see instructions . 111 North Henry Street City, town or post office, state, and ZIP code. For a foreign address, see instructions _ rt

Employee identification number 54 : 1934032 For IRS use only

Form 990 El Form 990-T (sec . 401(a) or 408(a) trust) D Form 5227 D Form 990-BL El Form 990-T (trust other than above) 0 Form 6069 D Form 990-EZ D Form 1041-A D Form 8870 D Form 990-PF El Form 4720 STOP : Do not complete Part II if you were not already granted an automatic 3-month extension on a preciously filed Form 8868 . " The books are in the care of " _Donors Capital_Fund,_Inc._______ . ._ ._ .________ .__ . ._ .__ . ._____ .___ .__ .__________ _____ 535-3563 . . . . . . . . Telephone No . " x . .703 . . FAX No . " ~_ . .X03_ ._) . .. . . . . . . . 535-3564--------If the organization does not L-- an ------------place of business m the United States, check this box " have office or " D " If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) If this is for the whole group, check this box " E] . If it is for part of the group, check this box " [:] and attach a list with the names and EINs of all members the extension is for. 4 I request an additional 3-month extension of time until ____________ .November 15____ . ._______ , 20 .9S For calendar year 004_,orothertaxyearbeginning______________ . . . ._ .-. --- -.,20_____,andending_ ._____ .____________ .____,20____ .. -- . ._ - -- -6 If this tax year is for less than 12 months, check reason : D Initial return D Final return D Change in accounting period 7 State in detail why you need the extension The taxpayer has not received all _K-1's_necessa_ry_to file_a_complete_and___ accurate return and therefore - res ectfu ll - - nests an additonal 3 month extension so that it ma ------------ ------------------------------------------------ p- ----- -- Y- reg-------------------------------------------------------------- yfile a complete and accurate return . 8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits. See instructions b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made. Include any prior year overpayment allowed as a credit and any amount paid previously with Form 8868 c Balance Due. Subtract line 8b from line 8a. Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by using EFfPS (Electronic Federal Tax Payment System). See instructions . Signature and Verification
-Title "~ iq C Date "

instructions Alexandria, VA 22314 Check type of return to be filed (File a separate application for each return):

$

Under penalties of penury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and o p te, and th t I am thorized to prepare this form Signature " '

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

Notice to Applicant-To Be Completed ap roved this application. Please attach this form to the organization's return

the IRS

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Director Datf""~-,  Alternate Mailing Address - Enter the address if you want the copy of this application for an additional 3-month' extensiAly , =U

By

returned to an address different than the one entered above.
Name

Type or print

Number and street (include suite, room, or apt . no.) or a P .O. box number 1 1975 E Sunrise Blvd, Ste 823 City or town, province or state, and country (including postal or ZIP code) Fort Lauderdale, FL 33304

C Zysik, Esq. c/o Charitable Entity Administration, LLC

~rr . v Form 8868 (Rev 12-2004)