donors capital 2006 990

8/3/2019 Donors Capital 2006 990

http://slidepdf.com/reader/full/donors-capital-2006-990 1/21

Form 990 Return o f Organization Exempt From Income Ta xOMB No 1545.0047

2 6n d e r section 50 1 c , 527, or 4947( aXl) o f the I n t e r n a l R e v e n u e Code( exc ept b la ck l un g b e n e f i t t r u s t or p r i v a t e foundation

Open t o Public

I I n t e nalR e v e n u e Service

Treasury Th e o r g a n i z a t i o n may have t o u s e a copy o f t hi s r e t u r n t o s a t i s f y s t a t e r e p o r t i n g requ i r e m e n t s . Inspection

A For th e 2 0 0 6 calendar y ear , or ta x y ear be g i n n i n g , 2 0 0 6 , a n d endin g

Check i f applicable Name o f organization D Employer I d e n t i f i c a t i o n Number

Address c h a n g ePlea se u s eIRSlabel Donors Capital Fund Inc 54-1934032

Name c h a n g e

or p r i o t

or t y p e . Number a n d s t r e e t o r P 0 bo x i f m a i l i s n o t d e l iv e r ed to s t r e e t addr Room/ s u i t e E T el ep ho n e number

I n i t i a l r e t u r n c i i cp P .O. Box 1305 (703) 535-3563

F in a l r e t ur n

mstrudons. C i ty town o r coun tr y State ZI P code + 4 Accou r^ U n 9

method : Ca s h X Accr

Amended r e t u r n Alexandria VA 22313 o t h e r s p e c f y

A p p l i c a t i o n p e n d i n g • S e ct i on 5 01 ( c ) ( 3 ) org a n i z a t i o n s and 4947 aX1 nonexempt H a n d I are not applicable to s e c t i o n 52 7 organizations

charitable t r u s t s m u s t attach a completed Schedule A H (a ) I s t h i s a group r e t u r n fo r a f f i l i a t e s e s

(Form 99 0 o r 990 - E Z ) .H b) I f Y e s , e n t e r n u m b er of a f f i l i a t e s D O .

_ Web s i t e : _ 1 N/A H (C) Are a l l a f f i l i a t e s i n c l u d e d e s O r g a n i z a t i o n t yp e

1El 4947 El k

If N o , a t t a c h a l i s t S e e i n s t r u c t i o n s

H (d )a )( or 52 7one 5 0 1 ( c ) ( i n s e r t n o)c ec on I s t h i s a separate r e t u r n f i l e d by a n

K Check here I f t h e o r g a n i z a t i o n i s n o t a 509(a)(3) supporting o r g a n i z a t i o n a n d i t s

n

organizat i on covered by a group r u l i n g ? nYe s X

gross r e c e i p t s are normally not more than 25,000. A r e t u r n i s n o t r e q ui r e d , b ut i f t h e I Grou p Exem p t i o n Num ber o .

organization chooses t o f i l e a r e t u r n , be sure t o f i l e a complete r e t u r n .M Check i f t h e o r g a n i z a t i o n i s n o t r e q u i r e d

V L Gross r e c e i p t s : Add l i n e s 6 b , 8 b , 9 b , a n d l O b t o l i n e 12 58 5 52 148. t o a t t a c h S c h e d u l e B ( F o rm 9 9 0 , 9 9 0 - E Z , o r 9 9 0 - P F )

e f

P a r t I Revpnue _ EYnences - and Chanees in Net Assets or Fund Balances See t h e i n s tr u c t i n n s

r

nc

E

1 C o n t r i b u t i o n s , g i f t s , g r a n t s , a n d s i m i l a r a mo u n t s r e c e i v e d *

a C o n t r i b u t i o n s t o d o n o r a d v i s e d f u n d s 1 a 52 138 220.

b D i r e c t p u b l i c support ( n o t i n c l u d e d on l i n e 1 a ) 1 b

c I n di r ec t p u b li c support ( n o t i n c l u d e d on l i n e 1 a ) 1 c

d Government c o n t r ib u t io n s ( g r an t s ) ( n o t i n c l u d e d on l i n e 1 a ) 1 d

e la^throughlldjs(cash 51, 283, 2 2 0 . n o n c a s h 855, 0 0 0 1e 52 , 138 2 2 0

2 Program s e r v i c e revenue i n c l u d i n g government fees a n d c o n t r a c t s ( f r o m P a r t V I I , l i n e 93 ) 2

3 M em b er s h i p du es a nd a s s e s sm e n t s 3

4 I n t e r e s t on savings a n d t emporary c a s h investments 4 548 600

5 Dividends a n d i n t e r e s t from s e c u r i t i e s 5 875 361

6a G r o s s r e n t s 6a

b Less: r e n t a l expenses 6b

c Net r e n t a l income o r ( l o s s ) . Subtract l i n e 6b from l i n e 6a 6c

R 7 O t h e r i n v e s t m e n t income ( d e s c r i b e 7 1 , 780, 988

Ev therf r m f s s e t sG

( A ) S e c u r i t i e s ( B ) O ther

N

r o s s amoun o sa es o a o

than i n v e n t o r y 3 208 715. 8a

E b L e s s : c o s t o r o t h e r b a s i s a n d s a l e s expenses 2 898 904. 8b

c G a i n o r l o s s a t t a c h s c h e d u l e ) See L-8 Stmt 309 811. 8c

d N e t g a i n o r l o s s . Combine l i n e 8 c , columns ( A ) and B ) 8d 30 9 , 81 1

9 Special events a n d a c t i v i t i e s ( a t t a c h schedule) I f a n y amount i s from g a m i n g , check here

a G ros s re ve n u e ( n o t i n c l u d i n g o f c o n t r i b u t i o n s

reported on l i n e 1 b ) 9a l

b L e s s . dl r c exp are g expenses 9b

c Ne t I n c o a o r e n t s . u b t r a c t l i n e 9b from l i n e 9 a 9c

10 a Gross sa e F S f llowances 10 a

b Less co t ° B goa 10 b

j e G r o s s p r o f s o r o s s fro attarc h e d u l e ) S u b t r a c t l i n e l O b f ro m I me 10 a 10 e

1 1 O t h e r r e enue 3) - 1 1 2 64

12 T o t a l r e 5, 6 c , 7 , 8 d , 9 c , 1 0 c , a n d 1 1 12 55 653 244

13 Program services (from l i n e 4 4 , column ( B ) ) 13 19 167 819

xP

14 M a n a g e m e n t a n d general (from l i n e 4 4 , column ( C ) ) 14 612 541

EN

15 Fundraising (from l i n e 4 4 , column ( D ) ) 15 28 405

E 16 P a ym e n t s t o a f f i l i a t e s ( a t t a c h schedule) 16

S 17 T o t a l ex p e n s e s . Add l i n e s 16 a n d 4 4 , column A 17 19 808 , 765

A 18 Excess o r ( d e f i c i t ) f o r t h e y e a r . Subtract l i n e 1 7 from l i n e 12 18 35 844 479

N S 19 Ne t assets o r fund balances a t beginning o f year (from l i n e 7 3 , column ( A ) ) 19 47 047 205

T T 2 0 O t h e r changes i n n e t a s s e t s o r f u n d b a l a n c e s ( a t t a c h e x p l a n a t i o n ) 2 0 1 , 137 644

s 2 1 Ne t a s s e t s o r fund bala nces a t e n d o f year Combi ne l i n e s 1 8 , 1 9 , a n d 2 0 2 1 84 029 328

BAA For Privacy Act a n d P a p e rw or k Reduction Ac t N o t i c e , s e e the separate i n s t r u c t i o n s . T E E A 0 1 0 1 0 1 / 1 8 / 0 7

9-0

Form 9 9 0 ( 2 0



Form 99 0 2006 Donors Capital Fund Inc 54-1934032

Part I I Statement of Functional Expenses A l l o r g a n i z a t i o n s must complete column A ) . Columns B ) , C ) , and D ) a r er e q u i r e d f o r s e c t i o n 5 0 1 c ) 3 ) an d 4 ) o r g a n i z a t i o n s an d s e c t i o n 4 9 4 7 a ) 1 ) nonexempt c h a r i t a b l e t r u s t s bu o p t i o n s f or o t h e r s .

Do not i n c l u d e amounts reported on l i n e A ) T ot al B ) Program C) Management D ) Fundraising6 b , 8b 9 b , 10b o r 1 6 o f Part s e r v i c e s an d g e n e r a l

22 a Grants p a i d from donor advised

funds a t t a c h s c h )

cash 1 9, 1 67,8 1 9.

non-cash 0.

I f t h i s amount i n c l u d e s

f o r e i g n g r a n t s check here P . 2 2 a 19 167 819. 19 167 819.

2 2 b O t h e r g r a n t s a n d a l l o c a t i o n s a f t s c h

cash 0.

non-cash 0.

I f t h i s amount i n c l u d e s

f o r e i g n g r a n t s check here b 0. 0.

23 S p e c i f i c assistance t o i n d i v i d u a l s

a t t a c h schedule) 23

24 B e n e f i t s p ai d to o r f o r memb ers a t t a c h schedule) 24

2 a Compensation o f c u r r e n t o f f i c e r s ,

d i r e c t o r s ke y employees e t c l i s t e d i nP a r t V- A a t t a c h s c h ) 2 5a 0 0. 0.

b Compensation o f former o f f i c e r s ,

d i r e c t o r s ke y employees e t c l i s t e d i nP ar t V - B a t t a c h sc h 2 5b 0 0. 0.

c C o m p e n s a t i o n a n d o t h e r d i s t r i b u t i o n s , n o ti n c l u d e d a b o v e t o d i s q u a l i f i e d p e r s o n s a s

d e f i n e d u n d e r s e c t i o n 4 9 5 8 f 1 a n d p e r s o n s

d e s cr i b e d i n s e c t i o n 4 9 5 8 c ) 3 ) B )

a t t a c h s c h e d u l e . . . 2 5c 0 0. 0.-

26 S a l a r i e s and wages o f employees n o t

i n c l u d e d on l i n e s 25a b , and c 2 6 0. 0. 0.

27 Pensi on p l a n c o n tr i b ut i on s n o t

i n c l u d e d on l i n e s 25a b and c . . 27 0. 0. 0.

28 Employee b e n e f i t s n ot i nc l ud e d on

l i n e s 25a 27 28

29 P a y r o l l taxes 29

3 0 P r o f e s s i o n a l f u n d ra i si ng f e e s 3 0

3 1 A c c o u n t i n g f e e s 3 1 10 645. 0. 10 645.

3 2 L e g a l f e e s 3 2 2 8 ,405. 0. 0. 28 405

33 Supplies 33

34 Tel eph one 34

35 Postage and shipping 35

36 Occupancy 36

37 Equipment r e n t a l an d maintenance 37

38 P r i n t i n g and p u b l i c a t i o n s 38

3 9 T r a v e l 3 9

40 C o n f e r e n c e s co n ve n t i o n s a n d m e e t i n g s . . 40

4 1 I n t e r e s t 4 1

42 D e p r e c i a t i o n d e p l e t i o n e t c a t t a c h s c h e d u l e ) 42

43 O t h e r e x p e n s e s n o t c o v e r e d a b o v e i t e m i z e .

a Taxes 43 a 83 ,697. 0. 83 697. b investment fees 43b 1 4 ,581. 0. 14 581. c Admin services 43 c 501 883. 0. 501 883.

- - - - - - - dRegistration fees 43d 1 735. 0. 1 735.

-

e 43 e f 43 f 9

44 To t a l f u n ct i o n a l e x p e n s e s A d d l i n e s 2 2 a

t h r o w h 4 3 g . O r a n i z a t i o n s co m p l e t i n g c o l u m n s

B D,car t t i e s e t o t a l s t o l i n e s 1 3 - 1 5 44 19 808 765. 19 167 819. 612 541. 28 405

J o i n t Costs. Check X i f you a r e f o l l o w i n g SOP 98-2

Are an y j o i n t c o s t s from a combined educational campaign and f u n d r a i s i n g s o l i c i t a t i o n r e p o r t e d i n B ) P r o g r a m s e r v i c e s ? 1 1 0 Ye s No

I f Y e s , e n t e r i t h e aggregate amount o f these j o i n t c o s t s i i t h e amount a l l o c a t e d t o Program s e r v i c e s

i i i t h e amount a l l o c a t e d to Management and g e n e r a l and i v t h e amount a l l o c a t e d

to Fundraising

BAA T E E A 0 1 0 2 0 1 / 2 3 / 0 7 Form 99 0 2 0



F o r m 9 9 0 2 0 0 6 Donors Ca p ital Fund, Inc 54-1934032 P a g e

Part I I I Statement o f Program Service Accomplishments

Form 990 i s a v a i l a b l e f o r p u b l i c i n s p e c t i o n and, f o r some p e o p l e , serves as t h e primary o r s o l e source o f i n f o r m a t i o n about a p a r t i c u l a r

o r g a n i z a t i o n . How t h e p u b l i c perceives an organization i n such cases may be determined by t h e i n f o r m a t i o n presented on i t s r e t u r n . T h e r e f o r e ,

please make s u r e t h e r e t u r n i s complete and accurate and fu l l y desc r i b e s , i n P a r t I I I , t h e o r ga n iz a ti o n s programs and accomplishment s

What i s t h e o r g a n i z a t i o n s primary exempt purpose? 3j^pp2rt o rgs desc i n IRC_509 _ a 1) 5 09 a) 2) P r o g r a m S e r v i c e E x p e n s

l l organizations must describe t h e i r exempt purpose achievements i n a c l e a r and concise manner State t h e number o f 4R e q u i r e d f o r 3 a n

o r g a n i z a t i o n s 3

clients served publications issued e t c . Discuss chievements that are not me sur ble Section 501 c) 3) nd 4) organ- 494 7 a ) 1 ) t r u s t s , b u t

i z a t ions and 4347 a) 1) nonexempt charitable trusts must a ls o enter the amount o f g rants and allocations t o others o p t i o n a o r o t h e r s )

a See Statement1 _Attached

G r a n t s and a l l o c a t i o n s S 19. 182 . 8 19 . I f t h i s amount i n c l u d e s f o r e i o n o r a n t s check h e r e 19 182 819

b

Grants and a l l o c a t i o n s S I f t h i s amount i n c l u d e s f o r e i g n g r a n t s , check here

C

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

Grants and a l l o c a t i o n s S I f t h i s amount i n c lu d e s f o re i gn g r a n t s , check here 1-0-7

d

Grants and a l l o c a t i o n s S I f t h i s amount i n c l u d e s f o re i gn g r an ts , check here P - T

e Other program s e r v i c e s

amount i n c l u de s f o r ei g n g r a nt s , check here

f T o t a l o f Program Service Expenses s h o u l d equal l i n e 4 4 , column B ) , Program s e r v i c e s ) 19 182 819

BAA Form 990 20

TEEA0103 01/18/07



Form990 2006 Donors Capital Fund Inc 54 1934032 Pag

P a r t I V - A R e c o n c i l i a t i o n o f Revenue p e r Audited F i n a n c i a l Statements w i t h Revenue p e r Ret ur n See t h ei n s t r u c t i o n s

a T o t a l revenue, g a i n s , a nd o t h e r support p e r audited f i n a n c i a l statements a 56 805 888

b A m o u n t s i n c l u d e d o n l i n e a b u t n o t on P a r t l i n e 1 2 .

1 N e t u n r e a l i z e d g a i n s o n i n v e s t m e n t s b 1 1 152 644.

2Dona ted services a nd us e o f f a c i l i t i e s b 2

3Recoveries o f p r i o r year grants b 3

40ther s p e c i f y : b4

A d d l i n e s b 1 through b 4 b 1 152 644

c S u b t r a c t l i n e b from l i n e a c 55, 65 3, 2 44

d A m o u n t s i n c l u d e d o n P a r t I l i n e 1 2 , b u t n o t on l i n e a :

1 Investment expenses n o t i n c l u d e d on P a r t I l i n e 6b d 1

2 0 t h e r s p e c i f y : _ - _ _ _ _ _ . . . . . . . . . . . . . . . . . . . . . . . .

d2

A d d l n s d 1 and d2 d

e T o t a l revenue P a r t l i n e 1 2 A d d l i n e s c a nd d e 55 653 244

P a r t I V - B R e c o n c i l i a t i o n o f Expenses p e r Audited F i n a n c i a l S t a t e ments w i t h Expenses p e r Return

a T o t a l expenses a nd losses p e r audited f i n a n c i a l statements a 19 823 765

b A m o u n t s i n c l u d e d o n l i n e a b u t n o t on Part I l i n e 1 7 .

1 Donated s e r v i c e s a nd us e o f f a c i l i t i e s b 1

2Prior year adjustments r e p o r t e d on P a r t I l i n e 20 b 2

3Los ses r e p o r t e d o n P a r t I l i n e 20 b 3

40ther s p e c i f y : Grant rescinded after

____pletedi t c od b 4 15 000.________________________ _ __

A d d l i n e s b 1 through b 4 b 15 000

c S u b t r a c t l i n e b f r o m l i n e a c 19 808 765

d A m o u n t s i n c l u d e d o n P a r t l i n e 1 7 , b u t n o t on l i n e a :

1 Investment expenses n o t i n c l u d e d on Part l i n e 6b d 1

20ther s p e c i f y : d2

A d d l i n e s d1 a nd d 2 d

e T o t a l ex p enses P a r t I l i n e 17 A d d l i n e s c a nd d e 19 808 765

P a r t V - A C u r r e n t O f f i c e r s D i r e c t o r s Trustees a nd Key Employees L i s t e a ch p er s on wh o wa s a n o f f i c e r , d i r e c t o r , t r u s t e e ,

o r key e m p l o y e e a t a ny time d u r i n g t h e year even i f t h e y were n o t compensated. See t h e i n s t r u c t i o n s

B T i t l e a nd average hours C Com pens a tion D C o n t r i b u t i o n s t o E Expense

A Name a nd addresspe r week devoted i f no t paid e m p l o y e e b e n e f i t account and o t h e r

t o p o s i t i o n enter - 0- plans and d e f e r r e d allowancesco m pens a tion plans

James S Wachs c/o the Organization

President 2.5 0. 0. 0

ruce_HJacobs __ ________

c/o the organization- - -

Vice Pres. 2.5 0. 0. 0

Whitney L Ba11__ ____

c/o the Organization _ _ _ _ _- - -

Sec./Treas. 2 0 0. 0. 0

Christopher DeMuth_ _ _ _ _ _ _ _

_c/o_ theOrganization ______

Board Member 2.5 0. 0. 0

Steven Hayward___________

c/o the Or anization

Board Member 2 5 0. 0. 0

S ee L i s t o f O f f i c e r s , E t c Statement _ _ _ _

BAA T E E n 0 1 0 5 0 1 n s / 0 7 F o r m 99 0 2 0 0



Form 99 0 2006 Donors Capital Fund Inc 54 1934032 Pag

P a r t V - A C u r r e n t O f f i c e r s D i r e c t o r s Trustees and Ke y Emp l o y ees c o n t i n u e d Y e s N

75 a E n t e r t h e t o t a l n u m b e r o f o f f i c e r s , d i r e c t o r s , a n d t r u s t e e s p e r m i t t e d t o v o t e o n o r g a n i z a t i o n b u s i n e s s a s b o ar d m ee t in g s 9_

b A re a ny o f f i c e r s , d ir ec t o r s , t r us t e es , o r key employees l i s t e d i n Form 990, P a r t V-A, o r h i g h e s t compens at ed employees

l i s t e d i n Schedule A , P a r t I o r h i g h e s t compen sated p r o f e s s i o n a l and o t h e r independent contractors l i s t e d i n Schedule

A , P a r t I I - A o r I I B r e l a t e d t o each o t h e r through f a m i l y o r business r e l a t i o n s h i p s ? I f Y e s , a t t a c h a statement t h a t

i d e n t i f i e s t h e i n d i v i d u a l s a nd explains t h e r e l a t i o n s h i p s ) 75 b X

c Do any o f f i c e r s , d i r e c t o r s , t r u s t e e s , o r ke y employees l i s t e d i n form 990, P a r t V-A, o r h i g h e s t compens at ed employees

l i s t e d i n Schedule A , P a r t I o r h i g h e s t compen sated p r o f e s s i o n a l and o t h e r independent contractors l i s t e d i n Schedule

A , P a r t I I - A o r I I B r e c e i v e compensation f rom a ny o t h e r o r g a n i z a t i o n s , whether t a x ex empt o r t a x a b l e , t h a t are r e l a t e d

t o t h e organization? Se e t h e i n s t r u c t i o n s f o r t h e d e f i n i t i o n o f r e l a t e d o r g a n i z a t i o n 75 c X

I f Y e s , a t t a c h a statement t h a t i n c l u d e s t h e i n f o r m a t i o n described i n t h e i n s t r u c t i o n s

d Does t h e organization have a w r i t t e n c on fl i ct o f i n t e r e s t p o l i c y 75 d X

Par t V-B Former Officers Dir ector s Trustees and Key Employees That Received Compensation or Other

Benefits I f any former o f f i c e r , d i r e c t o r , t r u s t e e , o r key employee received compensation o r o t he r b en ef i ts described below)

d u r i n g t he y e a r , l i s t t h a t person below a nd e n t e r t h e amount o f compensation o r o t h e r b e n e f i t s i n t h e appropriate column Se et h e i n s t r u c t i o n s . )

A ) Name a nd address B ) Loa n s a nd

Advances

C ) Compensation i f n o t p a i d ,

e n t e r - 0 - )

D) C o n t r i b u t i o n s t o

employee b e n e f i t

plans and d e f e r r e d

compensation plans

E ) Expens eaccount and o t h e r

allowances

NONE

P a r t V I Other I n f o r m a t i o n See t h e i n s t r u c t i o n s . Y e s N

76 D i d t he organization make a change i n i t s a c t i v i t i e s o r methods o f conducting a c t i v i t i e s ?

I f Y e s , a t t a c h a d e t a i l e d statement o f each change

- - - - -

76

X

77 Were any changes made i n t h e organizing o r governing document s b u t n o t r e p o r t e d t o t h e IRS? 77 X

I f Y e s , a t t a c h a conformed copy o f t h e changes.

78 a Did t h e organization have unrelated bu sin es s gros s income o f 1,000 o r more d ur i n g t he year covered b y t h i s r e t u r n ? 78a X

b I f Y e s , ha s i t f i l e d a t a x r et ur n on Form 99 0 - T f o r t h i s year? 78 b X

79 Was t h e r e a l i q u i d a t i o n , d i s s o l u t i o n , t e r m i n a t i o n , o r s u b s t a n t i a l c o n t r a c t i o n d u r i n g t h e

year? I f Y e s , a t t a c h a statement 79 X

80 a I s t h e organization r e l a t e d o t h e r than b y a s s o c i a t i o n w i t h a statewide o r nationwide o r g a n i z a t i o n ) through common

membership, governing b o d i e s , t r u s t e e s , o f f i c e r s , e t c , t o any o t h e r ex empt o r nonex empt organization?

- - - -

80 a X

b I f Y e s , e n t e r t h e name o f t h e o r g a n i z a t i o n Donors Trust Inc.

_ _ _ _ a nd check whether i t i s X ex empt or nonexempt.

8 1 a Enter d i r e c t and i n d i r e c t p o l i t i c a l expenditures. S ee l i n e 8 1 i n s t r u c t i o n s ) 81 a

b Did t h e organization f i l e Form 1120 - POL f o r t h i s year? 1 b

_

X

BAA Form 99 0 20

TEEA0106 01/18/07



Form990 2006 Donors Capital Fund, Inc 54-1934032 Pag

Part VI Other Information continued) Yes N

8 2 a D i d t h e o r g a n i z a t i o n r e c e i v e d o n a t e d s e r v i c e s o r t h e u s e o f m a t e r i a l s , e q u i p m e n t , o r f a c i l i t i e s t n o c h a r g e o r ts u b s t a n t i a l l y l e s s than f a i r r e n t a l value 82 a X

b I f Y e s , yo u may i n d i c a t e t h e value o f these items here Do n o t i n c l u d e t h i s amount as

revenue i n P a r t o r as a n expen se i n Part (See i n s t r u c t i o n s i n Part I I I 182b1

83 a Did t h e o r g a n i z a t i o n comply w i t h t h e p u b l i c i n s p e c t i o n requirements f o r r e t u r n s an d exemption a p p l i c a t i o n s ?

b Did t h e organization comply w i t h t h e d i s c l o s u r e requirements r e l a t i n g t o quid pro quo c o n t r i b u t i o n s ?

84 a Did t h e organization s o l i c i t an y c o n t r i b u t i o n s o r g i f t s t h a t were n o t t a x d e d u c t i b l e ?

b I f Y e s , d i d t h e o r g a n i z a t i o n i n c l u d e w i t h every s o l i c i t a t i o n an express statement t h a t such c o n t r i b u t i o n s o r g i f t s weren o t t a x d e d uc t i b l e

85 5 0 1 c ) 4 ) , 5 , o r 6 ) o r g a n i z a t i o n s . a Were s u b s t a n t i a l l y a l l dues nondeductible b y members?

b Did t h e o r g a n i z a t i o n make o n l y in-house l o b b y i n g expenditures o f 2,000 o r l e s s ?

I f Y e s wa s answered t o e i t h e r 85 a o r 85b, do not complete 85c through 85 h below unless t h e o r g a n i z a t i o n received a

waiver f o r proxy t a x owed f o r t h e p r i o r y e a r .

c Dues, assessments, an d s i m i l a r amounts from members 85 c N/P

d Section 162(e) l o b b y i n g and p o l i t i c a l expenditures 85d N/P

e Aggregate nondeductible amount o f s e c t i o n 6033(e)(1)(A) dues n o t i c e s 85e N/P

f Taxable amount o f l o b b y i n g an d p o l i t i c a l expenditures l i n e 85 d l e s s 85e) 85 f NIP

g Does t h e o r g a n i z a t i o n e l e c t t o pa y t h e s e c t i o n 6033(e) t a x on t h e amount on l i n e 8 5 f ?

h I f s e c t i o n 6 0 3 3 e x 1 X A ) d u e s n o t i c e s w e r e s e n t , d o e s t h o r g n i z t i o n a g r e e t o a d d t h e a m o u n t o n l i n e 8 5 f t o i t s r e a s o n a b l e e s t i m a t e o f

d u e s a l l o c a b l e t o n o n d e d u c t i b l e l o b b y i n g a n d p o l i t i c a l e x p e n d i t u r e s f o r t h e f o l l o w i n g t a x y e a r

86 5 0 1 c ) 7 ) organizations E n t e r : a I n i t i a t i o n fees and c a p i t a l c o n t r i b u t i o n s i n c l u d e d on

l i n e 12 86a N/P

b Gross r e c e i p t s , i n c l u d e d on l i n e 1 2 , f or p u b l i c use o f c l u b f a c i l i t i e s 86b N/P

87 5 0 1 c ) 1 2 ) o r g a n i z a t i o n s . Enter a G ro ss i nc om e from members o r shareholders 87a N/P

83 a X

83b N/

84 a X

85 9 1 N/

85 h N/

b Gross income from o t h e r sources. (Do n o t n e t amounts due o r p a i d t o o t h e r sources

against amounts due o r received from them) 87b N/A

88 a A t an y time d u r i n g t h e y e a r , d i d t h e organization own a 50 o r g r e a t e r i n t e r e s t i n a taxable corporation o r p a r t n e r s h i p ,

o r an e n t i t y disregarded as separate from t h e o r g a n i z a t i o n under Regulations s e c t i o n s 301.7701-2 an d 301.7701-3? I f Y e s , complete P a r t I X 88 a X

b A t an y time d u r i n g t h e y e a r , d i d t h e o r g a n i z at i o n , d i r e c t l y o r i n d i r e c t l y , own a c o n t r o l l e d e n t i t y w i t h i n t h e meaning o f

s e c t i o n 512(b)(13) I f Y e s , complete P a r t X I 88b X

89 a 5 0 1 c ) 3 ) o r g a n i z a t i o n s . E n t e r : Amount o f t ax imposed on t h e o r g a n i z a t i o n d u r i n g t h e year u n d e r :

s e c t i o n 4911 - - - - -

s e c t i o n 4912 - - - - -- -

s e c t i o n 4955

b 5 0 1 c ) 3 ) and 5 0 1 c ) 4 ) organizations Did t h e o r g a n i z a t i o n engage i n an y s e c t i o n 4958 excess b e n e f i t t r a n s a c t i o nd u r i n g t h e year o r d i d i t become aware o f an excess b e n e f i t t r a n s a c t i o n from a p r i o r year? I f Y e s , a t t a c h a statement e x p l a i n i n g each t r a n s a c t i o n 89b X

c E n t e r : Amount o f t a x imposed on t h e organization managers o r d i sq ua l i f i e d persons d u r i n g t h e

year under s e c t i o n s 4912, 4955, and 4958

d Enter Amount o f t a x on l i n e 8 9 c , above, reimbursed b y t h e o r g a n i z a t i o n

e A l l o r g a n i z a t i o n s . A t an y time d u r i n g t h e t a x y e a r , wa s t h e o r g a n i z a t i o n a p a r t y t o a p r o h ib i t e d t a x s h e l t e r t r a n s a c t i o n ?

f A l l o r g a n i z at i o n s . D i d t h e organization acquire a d i r e c t o r i n d i r e c t i nt e re s t i n an y a p p l i c a b l e insurance c o n t r a c t ?

89el I X

g For supporting organizations and sponsoring organizations maintaining donor advised funds Did t h e supporting

o r g a n i z a t i o n o r a fund maintained by a sponsoring o r g a n i z a t i o n have excess business holdings a t an y time d u r i n g

t h e year? 89 g X

90 a L i s t t h e s t a t e s w i t h which a copy o f t h i s r e t u r n i s f i l e d CT, FL, IL, NY, TX, VA, WA b Number o f employees employed i n t h e pa y p e r i o d t h a t i n c l u d e s March 1 2 , 2006

See i n s t r u c t i o n s 190bl

_1 a The b o o k s a r e i n c a r e o f the Organization _ _ _ _ _ _ _ _ _ _ T e l e p h o n e number 703)535-356 3

L o c a t e d a t 1 , See page ZIP 4 22313

b At an y time d u r i n g t h e calendar y e a r , d i d t h e o r g a n i z a t i o n have an i n t e r e s t i n o r a s i g n a t u r e o r o t h e r a u t h o r i t y over aYes N

f i n a n c i a l account i n a f o r e i g n country (such as a bank account, s e c u r i t i e s account, o r o t h e r f i n a n c i a l account)? 9 1 b X

I f Y e s , e n t e r t h e name o f t h e f o r e i g n country

See the instructions f o r exceptions and f i l i n g requirements f o r Form TD F 90-22 . 1, Report o f Foreign Bank and

Financial Accounts.

BAA

0 .

Fo rm 990 (20

TEEA0107 01/18/07



Form 990 2006 Donors Capital Fund, Inc 54-1934032 Page

P a r t VI Other Information (continued) Ye s N

c A t any time d u r i n g t he calendar y e a r , d i d t h e o r g a n i z a t i o n maintain an o f f i c e o u t s i d e o f t h e United States? 9 1 c X

I f ' Y e s , ' e n t e r t h e name o f t h e f o re ig n country - - - - - - - - - - - - - - - - - -

9 2 Section 4947(a)(1) nonexempt c h a r i t a b l e t r u s t s f i l i n g F o r m 9 9 0 in l i e u o f Form 1 41 Check here

and e nt er t he amount o f tax-exem p t i n t e r e s t received o r accrued d u r i n g t h e t a x year 9 2

P a r t V I I Anal y s i s o f Income Producin g A c t i v i t i e s S ee t h e i n s t r u c t i o n s .

Unrelate d business income Excluded b y se c t i o n 5 12 , 5 13 , o r 51 4

Note Enter gross amounts unless

otherwise i n d i c a t e d .( A )

B u s i n e s s c o d e

( B )

Amount( C )

E x c l u s i o n c o d e

(D

Amount

Related(or exempt

f u n c t i o n income9 3 P r o g r a m s e r v i c e revenue

a

b

c

d

e

f Medicare/Medicaid payments

g F e e s & c o n t r a c t s f r o m g o v e r n m e n t a g e n c i e s

9 4 Membership dues and assessments

95 I n t e r e s t o n s a v i n g s t e m p o r a r y c a s h i n v m n t s 1 4 548 600.

9 6 D i v i d e n d s & i n t e r e s t f r o m s e c u r i t i e s 1 4 875 361.

9 7 N e t r e n t a l i n c o m e o r l o s s f r o m r e a l e s t a t e :

a de bt - f i n a nc e d p r op e rt y

b n o t debt-financed p r o p e r t y

9 8 N e t r e n t a l i n c o m e o r l o s s f r o m p er s p r o p

9 9 O t h e r i n v e s t m e n t income 900000 1 8 2 , 836 . 1 4 1 598 152.

10 0 G a i n o r l o s s ) f r o m s a l e s o f a s s e t s

o t h e r than i n v e n t o r y 18 309 811.

101 N e t i n c o m e o r l o s s f r o m s p e c i a l e v e n t s

1 2 G r o s s p r o f i t or l o s s f r o m s a l e s o f i n v e n t o r y

1 3 Other r ev enue : a

b Funds from secs lit. settlement 01 264.

C

d

e

10 4 S u b t o t a l a d d c o l u m n s B , D , a n d E 182 836. 3 332 188.

1 0 5 T o t a l add li n e 1 0 4 , columns B ) , ( D ) , and ( E ) ) 3 515 024

Note Line 105 p l u s l i n e l e Part I . should ecual t h e amount on l i n e 1 2 . Part I

P a r t V I I I R e l a t i o n s h i p o f A c t i v i t i e s t o t h e Accom p l i s h m e n t o f Exem p t Pur p oses S ee t h e i n s t r u c t i o n s .

Line No

VExplain ho w each a c ti v it y f o r which income i s r e p o r t e d i n column ( E ) o f Part V I I c o n t r i b u t e d i m p o r t a n t l y t o t h e accomplishmento f t h e o r g a n i z a t i o n ' s exempt purposes ( o t h e r than by p r o v i d i n g funds f o r such purposes).

N/A

P a r t I X I n f o r m a t i o n Re g a r d i n g Taxa b l e S u b s i d i a r i e s and D i s r e g arded E n t i t i e s S e e t h e i n s t r u c t i o n s .

( A )

N a m e, address, and EI N o f c o r p o r a t i o n ,

p a r t n e r s h i p , o r disregarded e n t i t y

DCF LLC

the Organization s address

uses the Organization s EIN

P a r t X Information Reaardina Tran

( B )

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o w n e r s h i p i n t e r e s t

100.0000

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nve

ed wi

a i d t h e o r g a n i z a t i o n , d u r i n g t h e y e a r , r e c e i v e a n y f u n d s d i r e c t l y o r i n d i r e c t l y , t o p a y

b Did t h e o r g an i z at i o n, d u r i ng t he y ea r, pay premiums, d i r e c t l y o r indl . ,L 1 9.1. = OO7A JG.......A7 n/.-.... ,.... 1.....1,.x....-1

BAA



orm 990 2006 Donors Capital Fund, Inc 54 1934032 Pa g e

Part X I Information Regarding Transfers To a nd F r o m Controlled E n t i t i e s C omp lete only i f t h e

organization i s a c o n t r o l l i n a organization as defined i n section 5 1 2 b ) 1 3 ) .

Ye s N

10 6 Di d t h e r e p o r t i n g organization make any t r a ns fe r s t o a c o n t r o l l e d e n t i t y as defined n s e c t i o n 512 b 13 o f t h e Code? I f

Y e s , com p l e t e t h e schedule below f o r each c o n t r o l l e d e n t i t y x

A )

Name address, o f eachcontrolled e n t i t y

B )

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

Number

C )

Description o f

transfer

D )Amount o f t r a n s f e r

a

b

-

c

Totals

Ye s N

107 Did t h e r e p o r t i n g organization receive any t r a n s f e r s from a c o n t r o l l e d e n t i t y as defined i n s e c t i o n 512 b 13 o f t h e Code? I f

Y e s , comp l e t e t h e schedule below f o r ea c h c o n t r o l l e d e n t i t y x

AName address o f each

controlled e n t i t y

B )Employer I d e n t i f i c a t i o n

Number

C )Description o f

transfer

DAmount O ? t r a n s f e

a

b

c

Totals

Ye s N

108 D i d t h e o r g a n i z a t i o n h a ve a b i n d i n g w r i t t e n c o n t r a c t i n e f f e c t on August 1 7 , 2006, covering t h e i n t e r e s t , r e n ts , r o ya lt i es , and

a n n u i t i e s described i n quesxlon 10 7 ab o ve? NI

Under penalbMolper declare t have examine t s r e t u r n i n c l u d i n g a c c o m p a n y i n g schedules an d statements, and t o t he b e s t o f my knowledge and b e l i e f , i t i s

t r u e , c o r r e c t Declar n of preparer ( o t h i f f n o f f i c e r ) i ba sed on a l l i n f o r m a t i o n o f which preparer h as a ny knowledge

Please N oS i g n na o f f i r D a te

Here JV{-- ^N c • BkCL S^Z.^ E`04^ - ` L2E SuREQZT ype o r p r i n t name a nd t i t l e

a i d Pr e p a r e r s D a te Chec k i fN Se e

G e n e r a l r sS N I n s t r u c to rWI

P r e -s i g n a t u r e

4

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r e r s dministration LLCi r m s name or Cha Ent eyours i t s e l f -

e mp l o y e d 200 AAKS t N 410 E I NO andey Z 4

Ar1i ton VA 22201 2514 P h o n e n o

BAA F o r m 9 90 200

TEEA0110 01/19/07



SCHEDULE A F o r m 9 9 0 o r 9 9 0 - E Z )

Department of t h e Treasury

I n t e r n a l Revenue Service

Organization Exempt UnderS e c t i o n 501 cX3)

Except P r i v a t e Foundation) an d Section 5 0 1 e ) , 5 0 1 f ) , 5 0 1 k ) ,

5 0 1 n ) , o r 4 9 4 7 a) 1 ) Nonexempt Charitable Trust

Supplementary Information See separate i n s t r u c t i o n s . )

MUST b e completed b y th e above organizations and attached t o t h e i r F o r m 9 9 0 o r 990-EZ.

OMB No 1 5 4 5 - 0 0 4 7

2 006

Name o f t h e o r g a n i z a t i o n Employer i d e n t i f i c a t i o n number

Donors Ca ital Fund Inc 54 1934032

Part C o mpensat i o n o f the F ive Highest Paid E mp l o yee s Other T h a n Officers Directors and Trustees

See i n s t r u c t i o n s . L i s t each one. t he re a r e none, e n t e r N o n e . )

a ) Name an d address o f eachemplo yee p a i d more

than 5 0 , 0 0 0

b ) T i t l e an d averageh o ur s p er week

devoted t o p o s i t i o n

c ) C ompensat ion d ) o n t r i u t i o n st o e m p l o y e e e n e f i tp l a n s a n d d e f e r r e d

c o m p e n s a t i o n

e ) Expenseaccount an d o t

allowances

NONE

T o t a l number o f o t h e r employees p a i d

over 5 0 , 0 0 0 None

Part A C o mpensat i o n o f the F ive Highest Paid Independent Contractors f o r Professional Services

See I n s t r u c t i o n s . L i s t each o ne whether i n d i v i d u a l s o r f ir ms ) . t he re a r e none, e n t e r N o n e . )

a ) Name an d address o f each independent c o n t r a c t o r p a i d more than 5 0 , 0 0 0

NONE b ) Type o f s e r v i c e c ) Compensati

T o t a l number o f o t h e r s r e c e i v i n g over

50,000 f o r p r o f e s s i o n a l s e r v i c e s None-

Part B Compensation of th e Five H i g h e s t Paid Independent C o ntra c t or s for O t h er Services

L i s t each c o n t r a c t o r wh o performed s e r v i c e s o t h e r than p r o f e s s i o n a l s e r v i c e s , whether i n d i v i d u a l s o r

f i r m s . t h e r e a r e none, e n t e r N o n e . S ee i n s t r u c t i o n s . )

a ) Name a nd a ddre ss o f each independent c o n t r a c t o r p a i d more than 50,000 b ) Type o f s e r v i c e c ) Compensati

Donors Trust Inc. 109 N Henry St Alexandria VA 22314 Administration 501 883

T o t a l number o f o t h e r c o n t r a c t o r s r e c e i v i n g

over 5 0 , 0 0 0 f o r o t h e r services None

BAA Fo r Paperwork Reduction Ac t N o t i c e , see th e Instructions f o r F o r m 9 90 and F o r m 990-EZ. Schedule A Form 9 9 0 o r 9 9 0 -EZ ) 2

l E E A 0 4 0 1 01/19/07



Schedule A Form 99 0 o r 990-EZ) 2006 Donors Capital Fund Inc 54-1934032 Pag

PartIII Statements About Activities See Instructions.) Yes N

1 During t h e y e a r , ha s t h e o r g a n i z a t i o n attempted t o i n f l u e n c e n a t i o n a l , s t a t e , o r l o ca l l e gi s l at i o n, i n c l u d i n g an y attempt

t o i n f l u e n c e p u b l i c opinion on a l e g i s l a t i v e matter o r referendum? Y e s , e n t e r t he t o t a l expenses paid

o r i n c u r r e d i n connection w it h t h e l o b b y i n g a c t i v i t i e s 0

Must e qual amounts on li n e 3 8 , P a r t V I - A , o r l i n e o f P a r t V I - B . ) 1 X

Organizations t h a t made an e l e c t i o n under s e c t i o n 501 h) by f i l i n g Form 5 7 68 m us t complete P a r t VI-A Other

organizations checking Y e s must complete P a r t VI-B AND a t t ac h a statement g i v i n g a d e t a i l e d d e s c r i p t i o n o f t h e

lobbying a c t i v i t i e s

2 During t h e y e a r , ha s t h e o r g a n i z a t i o n , e i t h e r d ir e ct ly o r i n d i r e c t l y , en gaged i n an y o f t h e f o ll o wi ng a c t s w i t h an ys u b s t a n t i a l c o n t r i b u t o r s , t r u s t e e s , d i r e c t o r s , o f f i c e r s , c r e a t o r s , key employees, o r members o f t he ir f a m i l i e s , o r w i t h an y

taxable o r g a n i z a t i o n w i t h which a ny s uc h person i s a f f i l i a t e d as an o f f i c e r , d i r e c t o r , t r u s t e e , m a j o r i t y owner, o r p r in ci pa l

b e n e f i c i a r y ? I f t h e answer t o an y question i s Y e s , attach a d e t a i l e d statement explaining t h e t r a ns a c ti o ns . )

a Sale exchange o r l e a s i n g o f property?

b Lending o f money o r o t h e r extension o f c r e d i t ?

c Furnishing o f goods, s e r v i c e s , o r f a c i l i t i e s ?

d Payment o f compensation o r payment o r reimbursement o f expenses i more than 1,000)?

e Transfer o f an y p a r t o f i t s income o r assets?

2 a l X

2 e l X

3a Di d t h e o r g a n i z a t i o n make grants f o r s c h o l a r s h i p s , f e l l o w s h i p s , student l o a n s , e t c ? I f Y e s , a t t a c h an

explanation o f how t h e o r g a n i z a t i o n determines t h at r e c ip i e nt s q u a l i f y t o r e c e i v e payments) 3a X

b Di d t h e o r g a n i z a t i o n have a s e c t i o n 403 b) annuity plan f o r i t s employees? 3b X

c Did t h e o r g a n i z a t i o n r e c e i v e o r h o l d an easement f o r conservation purposes, i n c l u d i n g easements

t o preserve open space, t h e environment, h i s t o r i c l a n d areas o r h i s t o r i c s t r u c t u r e s ? Y e s , a t t a c h a d e t a i l e d statement 3c X

d Did t h e o r g a n i z a t i o n provide c r e d i t counseling, debt management, c r ed it r e p ai r o r debt n e g o t i a t i o n services? d X

a Did t h e o r g a n i z a t i o n maintain an y donor advised funds? Y e s , complete l i n e s 4 b through 4g N o complete l i n e s

4 f an d 4g a X

b Did t h e o r g a n i z a t i o n make an y t a x a b l e d i s t r i b u t i o n s under s e c t i o n 4966? 4 b

c

Did t h e o r g a n i z a t i o n make a d i s t r i b u t i o n t o a donor, donor a d v i s o r , o r r e l at e d person? 4 c

d Enter t h e t o t a l number o f donor advised funds owned a t t h e en d o f t h e t a x year

e Enter t h e aggregate value o f assets h e l d i n a l l donor advised funds owned a t t h e en d o f t he t ax year 83 993 353

Enter t h e t o t a l number o f separate funds o r accounts owned a t t h e en d o f t h e t a x year e x c l u d i n g donor advised

funds i n c l u d e d on li n e 4d ) where donors have t h e r i g h t t o p r o v i d e advice on t h e d i s t r i b u t i o n o r investment o f

amounts i n such funds o r accounts

g Enter t h e aggregate value o f assets h e l d i n a l l funds o r accounts i n c l u d e d on li n e 4 f a t t h e en d o f t h e t a x year

BAA X0402 0 4 1 0 4 / 0 7 Schedule A F orm 9 90 o r Form 990-EZ) 20



Schedule A (Form 99 0 o r 99 0 - E Z 2006 Donors Capital Fund Inc 54 1934032 Page

PartIV Reason f o r N o n - P r i v a t e Foundation S t a t u s (See i n s t r u c t i o n s .

I c e r t i f y t h a t t h e organization i s n o t a p r i v a t e foundation because i t i s : (Please check o n l y ONE a p p l i c a b l e bo x )

5 A church convention o f churches o r a s s o c i a t i o n o f churches Section 17 0 b 1 A i .

6 A school Section 17 0 b 1 A i i . A l s o complete P a r t V .

7

A h o s p i t a lo r

acooperative h o s p i t a l s e r v i c e o r g a n i z a t i o n Section 1 7 0 b 1 A i i i .

8 A f e d e r a l s t a t e , o r l o c a l government o r governmental u n t Section 1 7 0 b 1 A v

9 A medical research o r g a n i z a t i o n operated i n conjunction w i t h a h o s p i t a l Section 1 7 0 b 1 A u i ) . Enter t h e h o s p i t a l s name, c i t y ,

an d s t a t e

10 An o r g a n i z a t i o n operated f o r t h e b e n e f i t o f a c o l l e g e o r u ni v er s it y owned o r operated by a governmental u n i t Section 1 7 0 b 1 A i v

A l s o complete t h e Support Schedule i n P a r t I V - A .

1 1 a An organization t h a t n ormally recei ves a s u b s t a n t i a l p a r t o f i t s support from a governmental u n i t o r from t h e general p u b l i c

Section 1 7 0 b 1 A v i . A l s o complete t h e Suppor t Schedule i n P a r t I V - A .

1 1 b A community t r u s t Section 1 7 0 b 1 A v i . A l s o complete t h e Support Schedule i n P a r t IV-A

12 An organization t h a t normally receives : 1 more than 33-1 /3 o f i t s support from c o n t r i b u t i o n s , membership f e e s , an d gross r e c e i p t s

from a c t i v i t i e s r e l a t e d t o i t s c h a r i t a b l e e t c , f u n c t i o n s s u b j e c t t o c e r t a i n exceptions an d 2 ) no more than 3 3 - 1 / 3 o f i t s support

from gross investment income and u n r e l a t e d business t a x a b l e income l e s s s e c t i o n 51 1 t a x fr o m businesses acquired by t h e

o r g a n i z a t i o n a f t e r June 3 0 1975. See s e c t i o n 509(a ) 2 . A l s o complete t h e Support Schedule i n P a r t I V - A

13

An organization t h a t i s n o t c o n t r o l l e d by an y d i s q u a l i f i e d persons o t h e r than foundation managers an d otherwise meets t h e

requirements o f s e c t i o n 509 a 3 Check t h e bo x t h a t describes t h e type o f supporting o r g a n i z a t i o n :

y pe I Type Type I I I - F u n c t i on a l ly I n t e gr a t ed Type I I I - O t h e r

Provide the following information about the supported organizations See i n s t r u c t i o n s .

a

Name so f

supportedorganization s

b

Employer i d e n t i f i c a t i o n

num er EIN)

c

T y pe o f

organization describedi n l i n e s 5 t hr ou gh 1 2

above o r I RC section )

I s t he supporte

organization listed i n

t he supporting

organization s

go ve r n ing

documents?

e

Amounto f

support

Ye s N o

See Grantee Schedule Attached X

T o t a l

14 An o r g a n i z a t i o n organized an d operated t o t e s t f o r p u bl i c s af et y . Section 509(a)(4) (See i n s t r u c t i o n s

BAA Schedule A ( Fo rm 9 90 o r 990-EZ) 20

TEE.AD407 01/22/07



Schedule A Form 99 0 o r 99 0 2006 Donors Capital Fund, Inc 54-1934032 Pag

Part IV -A Support Schedule (Complete o n l y i f you c he c ke d a box on l i n e 1 0 , 1 1 , o r 1 2 . ) Use cash methodofaccounting. N

Note Yo u may use t h e worksheet i n t h e i n s t r u c t i o ns f o r converting from t h e accrual t o t h e cash method o f accounting

Calendar year ( o r f i s c a l year a )

00

b ) c )

00

d )

00 e )

beginning i n ) 2 5 2004 2 3 2 2 T o t a l

15 G i f t s , g r a n t s , an d c o n t r i b u t i o n s

r e c e i v e d . (D o n o t i n c l u d eunusual g r a n t s See l i n e 28

16 Membershi p fees received

17 G r o s s r e c e i p t s f r o m a d m i s s i o n s ,

m e r c h a n d i s e s o l d o r s e r v i c e s p e r f o r m e d ,o r f u r n i s h i n g o f f a c i l i t i e s i n a n y a c t i v i t y

t h a t i s r e l a t e d t o t h e o r g a n i z a t i o n s

c h a r i t a b l e , e t c , p u r p o s e

18 G r o s s i n c o m e f r o m i n t e r e s t , d i v i d e n d s ,

a m o u n t s r e c e i v e d f r o m p a y m e n t s o n

s e c u r i t i e s l o a n s ( s e c t i o n 5 1 2 ( a ) ( 5 ) ) ,

r e n t s , r o y a l t i e s , a n d u n r e l a t e d b u s i n e s s

t a x a b l e i n c o m e ( l e s s s e c t i o n 5 1 1 t a x e s )

f r o m b u s i n e s s e s a c q u i r e d b y t h e o r g a n -

i z a t i o n a f t e r J u n e 3 0 , 1 9 7 5

19 N e t i n c o m e f r o m u n r e l a t e d b u s i n e s s

a c t i v i t i e s n o t i n c l u d e d i n l i n e 1 8

20 Tax revenues l e v i e d f o r t h e

o r g a n i z a t i o n s b e n e f i t an d

e i t h e r p a i d t o i t o r expended

on i t s b e h a l f

2 1 Th e value o f services o rf a c i l i t i e s f u r n i s h e d t o t h e

o r g a n i z a t i o n by a governmental

u n i t w i t h o u t charge D o n o t

i n c l u d e t h e value o f s e r v i c e s o r

f a c i l i t i e s g e n e r a l l y f u r n i s h e d t o

t h e p u b l i c w i t h o u t char g e

22 O t h e r i n c o m e A tt ac h aschedule Do n o t i n c l u d e

gain o r l o s s ) from s a l e o f

ca p i t a l assets

23 T o t a l o f l i ne s 1 5 t h ro u g h 22

24 L i n e 23 minus l i n e 17

25 Enter o f l i n e 23

26 Organizations described on l i n e s 10 or 1 1 a Enter 2 o f amount i n column e ) , l i n e 24 26a

b P r e p a r e a l i s t f o r y o u r r e c o r d s t o s h o w t h e name o f a n d a m o u n t c o n t r i b u t e d b y e a c h p e r s o n ( o t h e r t h a n a g o v e r n m e n t a l u n i t o r p u b l i c l y

s u p p o r t e d o r g a n i z a t i o n w h o s e t o t a l g i f t s f o r 2 0 0 2t h r o u g h 2 0 0 5 e x c e e d e d

t h ea m o u n t s h o w n i n l i n e 2 6 a Do n o t f i l e t h i s l i s t w i t h y o u r

r e t u r n . E n t e r t h e t o t a l o f a l l t he s e e x ce s s a m o u n t s 26b

c T o t a l support f o r s e c t i o n 509(a)(1) t e s t : Enter l i n e 2 4 , column e ) 1 1 26c

d Ad d Amo un ts from column e ) f or l i n e s : 18 19

22 26b 26 d

e P u b l i c support l i n e 26c minus l i n e 26 d t o t a l ) 1 26e

f Public su pp o r t p ercenta g e i n e 26 e ( numerator ) divided b y l i n e 26 c ( denominator) ) 26 f

27 Organizations described on l i n e 1 2 :

a For amounts included i n l i n e s 1 5 , 1 6 , an d 17 t h a t were received from a d i s q u a l i f i e d p e r s o n , prepare a l i s t f o r your records t o show t h e

name o f , and t o t a l amounts received i n each year f r o m , each d i s q u a l i f i e d p e r s o n . Do not f i l e t h i s l i s t with your r e t u r n Enter t h e sum o f

such amounts f o r each y e a r :

(2005)------------ 2004 ------------ 2003 ------------ 2002 --------

bFor an y amount i n c l u d e d i n l i n e 17 t h a t w as received from each person o t h e r than d i s q u a l i f i e d p e r s o n s ) , prepare a l i s t f o r your records

t o show t h e name o f , an d amount received f o r each y e a r , t h a t w as more t h a n t h e l a r g e r o f 1 ) t h e amount on l i n e 25 f o r t h e year o r 2 )

5, 000. I n c l u d e i n t h e l i s t organizations described i n l i n e s 5 through 1 1 b , as w e l l as i n d i v i d u a l s ) Do not f i l e t h i s l i s t with your r e t u r n .

A f t e r computing t h e d i f f e r e n c e between t h e amount received an d t h e l a r g e r amount described i n 1 ) o r 2 , e n t e r t h e sum o f thesed i f f e r e n c e s t h e excess amounts) f o r each year

(2005)---------- 2004 ------------ 2003 ------------ 2002 -------------

c Add- Amounts from column e ) f o r l i n e s : 15 16

17 20 2 1 0 1 27c

d Add. L i n e 27 a t o t a l an d l i n e 27 b t o t a l 27d

e P u b l i c support l i n e 27 c t o t a l minus l i n e 27 d t o t a l ) 27e

f T o t a l support f o r s e c t i o n 509(a)(2) t e s t : Enter amount from l i n e 2 3 , column e ) 27 f

g Pu bl ic support percentage l i n e 27 e ( numerator ) divided by l i n e 27 f (denominator)) 27

h Investment income percentag e i n e 1 8 , column e ) ( numerator ) divided by l i n e 27f ( denominator) ) 27h

28 Unusual Grants: For an o r g a n i z a t i o n described i n l i n e 1 0 , 1 1 , o r 12 t h a t r e c e i v e d any unusual grants d u r i n g 2002 through 2005, prepare a

l i s t f o r your records t o show, f o r each y e a r , t h e name o f t h e c o n t r i b ut o r, t h e d a t e an d amount o f t h e g r a n t , an d a b r i e f d e s c r i p t i o n o f t h e

nature o f t h e grant Do not f i l e t h i s l i s t with your r e t u r n D o n o t i n c l u d e these grants i n l i n e 1 5 .

BAA T E E , A 0 4 0 3 0 1 / 1 9 / 0 7 Schedule A (Form 99 0 o r 990-EZ) 2



Schedule A Form 99 0 o r 99 0 - E Z ) 2006 Donors Capital Fund Inc 54 1934032 Pag

P a r t V P r i v a t e School Questionnaire See I n s t r u c t i o n s . )

T o be completed ONLY by schools t h a t checked t h e b ox on l i n e 6 i n P a r t I V ) N/AN

29 Does t h e o r g a n i z a t i o n have a r a c i a l l y nondiscriminatory p o l i c y toward students by statement i n i t s c h a r t e r , bylaws

o t h e r governing i n s t r u m e n t , o r i n a r e s o l u t i o n o f i t s governing body? 1 29

30 Does t h e organization i n c l u d e a statement o f i t s r a c i a l l y nondiscriminatory p o l i c y toward students i n a l l i t s brochures

catalogues an d o t h e r w r i t t e n communications w it h t h e p u b l i c d e a l i n g w i t h s tuden t admi s s ion s programs

an d scholarships 30

3 1 Ha s t h e organization p u b l i c i z e d i t s r a c i a l l y nondiscriminatory p o l i c y through n e w s p a p e r o r broadcast media d u r i n g

t h e p e r i o d o f s o l i c it a ti o n f o r s t u d e n t s , o r d u r i n g t h e r e g i s t r a t i o n p e r i o d i f i t ha s n o s o l i c i t a t i o n program i n a w ay t h a t -

makes t h e p o l i c y k no w n t o a l l p a r t s o f t h e general community i t serves? 3 1

I f Y e s , please describe i f N o , please e x p l a i n I f you need more space a t t a c h a separate statement

32 Does t h e organization maintain t h e f o l l o w i n g : _

a Records i n d i c a t i n g t h e r a c i a l composition o f t h e s t u d e n t body f a c u l t y an d a d m i n i s t r a t i v e s t a f f ? 32a

b Records documenti ng t h a t scholarships an d o t h e r f i n a n c i a l assistance a r e awarded on a r a c i a l l y

nondiscriminatory basis? 32b

c Copies o f a l l catalogues brochures announcements an d o t h e r w r i t t e n communications t o t h e p u b l i c d e a l i n g

w i t h student admissions programs an d scholarships? 32c

d Copies o f a l l m a t e r i a l used by t h e organization o r on i t s b e h a l f t o s o l i c i t c o n t r i b u t i o n s ? 32d

I f you an s wered N o t o an y o f t h e above please e x p l a i n . I f y ou n ee d more space a t t a c h a separate statement.

33 Does t h e organization d i s c r i m i n a t e by race i n an y way w i t h respect t o .

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

b Admiss ions p o l i c i e s ?

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

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

e Educational p o l i c i e s ?

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

g A t h l e t i c programs?

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

33 a

33 b

33 c

33 d

33 e

33 f

33

33 h

I f you an s wered Y e s t o an y o f t h e above

please e x p l a i n I f

you needmore

space a t t a c h a separate

statement

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

b Ha s t h e o r g a n i z a t i o n s r ig h t t o such a i d ever been revoked o r s us pended?

I f you an s wered Y e s t o e i t h e r 34a o r b please e x p l a i n u s i n g an attached statement

35 Does t h e organization c e r t i f y t h a t i t has complied w i t h t h e a pp l i c a b l e requirements o f

s e c t i o n s 4 0 1 through 4.05 o f Rev Proc 75-50 1975-2 C B 5 8 7 , covering r a c i a l

nondiscrimination ? I f N o . a t t a c h an e x p l a n a t i o n .

BAA TEEA0404 01/19/07

35

o r



S c h e d u l e A F o r m 9 9 0 o r 9 9 0 - E Z ) 2 0 0 6 Donors Ca p ital Fund, Inc 54-1934032 P a g e

Part V I - A Lobbying Expenditures by Electing Public Charities ( s e e i n s t r u t i o n s(To be completed ONLY by an a i g i b l e o r g a n i z a t i o n t h a t f i l e d Form 5768)

N/A

Check a i f t h e organization belongs t o an a f f i l i a t e d group Check b I I i f you checked a and l i m i t e d c o n t r o l p r o v i s i o n s apply

L i m i t s on Lobbying Expenditures( a )

A f f i l i a t e d group( b )

T o be completed

( T h e t erm e x p e n d i t u r e s means amounts p a i d o r i n cu r re d . )t o t a l s f o r a l l e l e c t i n g

o r g a n i z a t i o n s

36 T o t a l l o b b y i n g expenditures t o i n f l u e n c e p u b l i c o p i n i o n ( g r a s s r o o t s l o b b y i n g ) 36

37 T o t a l l o b b y i n g expenditures t o i n f l u e n c e a l e g i s l a t i v e body ( d i r e c t l o b b y i n g ) 37

38 T o t a l l o b b y i n g expenditures (add l i n e s 36 and 3 7 ) 3839 Other exempt purpose expenditures 39

40 T o t a l exempt purpose expenditures (add l i n e s 38 and 39) 40

41 Lobbying nontaxable amount. Enter t h e amount from t h e f o l lo w i ng t a b l e

I f th e amount on l i n e 40 i s T h e lobbying nontaxable amount i s

Not over 500,000 20 o f t h e amount on l i n e 40

O v e r 5 0 0 , 0 0 0 b u t n o t o v e r 1 , 0 0 0 , 0 0 0 1 0 0 , 0 0 0 p l u s 15 o f t h e e x ce s s o ve r 5 0 0 , 0 0 0

O v e r 1 , 0 0 0 , 0 0 0 b u t n o t o v e r 1 , 5 0 0 , 0 00 1 7 5 , 0 0 0 p l u s 10 o f t h e e x ce s s o ve r 1 , 0 0 0 , 0 0 0 41

O v e r 1 , 5 0 0 , 0 0 0 b u t n o t o v e r 1 7 , 0 0 0 , 0 0 0 2 2 5 , 0 0 0 p l u s o f t h e e x c e s s o v e r 1 , 5 0 0 , 0 0 0

Over 17,000,000 1,000,000 42 Grassroots nontaxable amount ( e n t e r 25 o f l i n e 41) 42

43 Subtract l i n e 42 from l i n e 36 Enter - 0 - i f l i n e 42 i s more than l i n e 36 43

44 Subtract l i n e 4 1 from l i n e 38 Enter - 0 - i f l i n e 4 1 i s more than l i n e 38 44

Caution I f t h e r e i s an amount on e i t h e r l i n e 43 o r l i n e 4 4 , you must f i l e Form 4720

4 -Year Averaging Period Under Section 501(h)( Som e organizations t h a t made a s e c t i o n 501 ( h ) e l e c t i o n do n o t have to complete a l l o f t h e f i v e columns below

S e e t h e i n s t r u c t i o n s f or l i n e s 45 through 50

Lobbying Expenditures During 4 -Year Averaging Period

Calendar year ( a ) ( b ) ( c ) ( d ) ( e )

( o r f i s c a l year 2006 2005 2004 2003 T o t a lbeginning i n)

45 Lobbying nontaxable

amount

46 L o b b y i n g c e i l i n g a m o u n t

150 o f l i n e 4 5 e ) )

47 T o t a l l o b b y i n g

e x p e n d i t u r e s

48 G r a s s r oo t s n on -

t a x a b l e amount

49 G r a s s r o o t s c e i l i n g a m o u n t

150 o f l i n e 4 8 ( e

50 Grassroots lobbying

expenditures

P a r t V I - B Lobbying A c t i v i t y by Nonelecting P u b l i c C h a r i t i e s( F or r e p or t i ng o n l y by organizations t h a t d i d n o t complete P a r t V I - A ) (See i n s t r u c t i o n s

During t h e y e a r, d i d t h e organization attempt t o i n f l u e n c e n a t i on a l , s t at e o r l oc a l l e g is l a ti o n, i n c l u d i n g any

attempt t o i n f l u e n c e p u b l i c o p i n i o n on a l e g i s l a t i v e matter o r referendum, through t h e use o f Y es No Amount

a Volunteers X

b Paid s t a f f o r management ( I n c l u d e compensation i n expenses r e p o r t e d on l i n e s c through h . ) X

c Media advertisements X

d M a i l i n g s t o members, l e g i s l a t o r s , o r t h e p u b l i c X

e P u b l i c a t i o n s , o r published o r broadcast statements X

f Grants to o t h e r organizations f o r l o b b y i n g purposes X

g D i r e c t contact w i t h l e g i s l a t o r s , t h e i r s t a f f s , government o f f i c i a l s , o r a l e g i s l a t i v e body X

I n R a l l i e s , demonstrations, seminars, conventions, speeches, l e ct u r e s , o r any o t h e r means X

T o t a l l o b b y i n g expenditures (add l i n e s c through h . )

I f Y e s t o any o f t h e above, a l s o a t t a c h a statement g i v i n g a d e t a i l e d d e s c r i p t i o n o f t h e lobbying a c t i v i t i e s

BAA Schedule A (Form 990 o r 990-EZ) 20

TEEA0405 01/19/07



c h e d u l e A Form 990 o r 9 9 0 - E Z ) 2006 Donors Capital Fund Inc 54 1934 32 Pa g

Part V I Information Regarding Transfers T o a n d Transactions a n d Relationships With Noncharitable

Exempt O rg an i za t i on s S ee i n s t r u c t i o n s )

5 1 Di d t h e r e p o r t i n g organization d i r e c t l y o r i n d i r e c t l y engage i n any o f t h e f o ll o w i n g w i t h an y o t h er o r g a n i z a t i o n described i n s e c t i o n 501 c)

o f t h e Code o t h e r than s e c t i o n 501 c ) 3 ) o r g a n i z a t i o n s ) o r i n s e ct i o n 5 2 7 , r e l at i n g t o p o l i t i c a l organizations?

a Transfers from t h e r e p o r t i n g organization t o a noncharitable exempt o r g a n i z a t i o n o f : Yes N

i)Cash

ri i ) O t h e r assets

b Other t r a n s a c t i o n s .

i ) S a l e s o r exchanges o f assets w i th a noncharitable exempt o r g a n i z a t i o n b i)Purchases o f assets from a noncharitable exempt o r g a n i z a t i o n b i i

i i ) R e n t a l o f f a c i l i t i e s equipment o r o t h e r assets b i i i

v ) Reimbursement arrangements b C i v

v)Loans o r l o a n guarantees b v

vi)Performance o f services o r membership o r f u n d r a i s i n g s o l i c i t a t i o n s b v i

c Sharing o f f a c i l i t i e s equipment m a i l i n g l i s t s , o t h e r assets o r p a i d employees c

d I f t h e answer t o any o f t h e above i s Y e s , comp l e t e t h e f o l l o w i n g schedule Column b ) should always s h o w t h e f i r market value o f

t h e goods o t h e r assets o r services gi ven b y t h e r e p o r t i n go r t h

a n i z a t i o n I f t h e organization received l e s s than f a i r market value i n

an v t r a n s a c t i o n o r sharina arrangement sh ow i n column d ) e value o f t h e goods o t h e r assets o r s e r v i c e s r e c e i v e d :

X

X

X

X

X

X

X

X

a b ) c d)

L i n e n o . Amou n t i n v o l v e d Name o f noncharitable exempt o r g a n i z a t i o n e s c r i p t i o n o f t r a n s f e r s , t r a n s a c t i o n s , a n d s h a r i n g a r r a n g e m e n t s

5 2 a I s t h e organization d i r e c t l y o r i n d i r e c t l y a f f i l i a t e d w i t h , o r r e l a t e d t o , on e o r more tax-exempt organizations

described i n s e c t i o n 501 c) o f t h e Code o t h e r than s e c t i o n 501 c ) 3 o r i n s e c t i o n 527 Ye s X] N

IEEAD4 6 01/19/07

BAA Schedule A Form 9 9 0 o r 990-EZ) 2



Form 9 9 0 Schedule of Gains and Losses fr o m 2006

L i n e 8 A and 8 B Sale of Assets Other than Inventory

Statement A t t a c h t o r e t u r n

Name Employer I d e n t i f i c a t i o n Number

Donors Capital Fund Inc 54 1934032

P a r t I L i n e 8 Column A Securities

P u b l i c S e c u r i t i e s

D e s c r i p t i o n

Gross

Sales P r i c e B a s i s

Publicly Traded Securities 3 208 715. Cost 2 898 904.

S e l l i n g Ex p enses

Basis 2 898 904.

Nonpublic S e c u r i t i e s


Date Acquired

and Method

Date S o l d

and t o Whom

Gross

Sales P r i c e

C o s t, o t h e r b as is o r

FMV when donated

S t a t e which o n t o p

Total Securities 3 208 715.1 2 898 904.

Gain or Loss f r o m Sale o f Securities 309 811.

P a r t I Line 8 Column B Other Assets


Date Acquired

and Method

Date S o l d

and t o Whom

Gross

Sales P r i c e

C o s t , o t h e r b a s i s o r

FMV when donated

C o s t

D e p r e c i a t i o n

B a s i s

Donation FMV

C o s t


B a s i s

Donation FMV

Cost


B a s i s

D o n a t i o n FMV

C o s t


B a s i s

D o n a t i o n FMV

T o t a l Other Assets

Gain o r Loss from S a l e o f Other Assets

TEEW0201 SCR 1 0 / 3 0 / 0 6



Form 8868A p p l i c a t i o n f o r Extension o f Ti me To F i l e an

Re v December 2006 Exempt O r g a n i z a t i o n Return OMB N o 1545-1709

Department o f t h e Treasury I n t e r n a l Revenue S e r v i c e F i l e a s e parate application f o r each return

• I f you are f i l i n g f o r an Automatic 3-Month Extension complete only Part I a n d ch e ck t h i s box

• I f you are f i l i n g f o r an Additional not automatic 3-Month Extension complete only P a r t I I on page 2 o f t h i s form)

Do not complete P a r t / l unlessyou h a v e a l r e a d y been g r a n t e d a n a u t o m a t i c 3-month e x t e n s i o n on a p r e v i o u s l y f i l e d Form 8868

Part t A u t oma t i c 3 Month E x t e n s i o n of Time O n l y submit o r i g i n a l no copies n e e de d).

Section 501 c 3 corporations r e q u i r e d t o f i l e Form 9 90 -T a n d requesting an automatic 6-month extension check t h i s box an d complete P a r t I o n l y

A l l o t h e r corporations i n c l u d i n g 1120-C f i l e r s , p a r t n e r s h i p s , R EM /C S, a n d t r u s t s mus t use Form 7004 to request an extension o f time to f i l e

income t a x r e t u r n s .

Electronic F i l i n g e - f i l e . G e n e r a l l y , you ca n e l e c t r o n i c a l l y f i l e Form 8 8 6 8 i f you want a 3-month automatic extension o f time t o f i l e on e o f t h e

r e t u r n s noted below 6 months f o r s e c t i o n 501 c 3 corporations r e q u i r e d t o f i l e Form 990-1) However, you cannot f i l e Form 8868

e l e c t r o n i c a l l y i f 1 you want t h e a d d it i on a l n o t automatic) 3-month extension o r 2 you f i l e Forms 990-BL, 6069, o r 8870, group r e tu rn s , o r a

composite o r consolidated Form 990-T I n s t e a d , you must submit t h e u y completed a nd signed page 2 P a r t I I o f Form 8868 For more d e t a i l s

on t h e e l e c t r o n i c f i l i n g o f t h i s f o r m , v i s i t www.irs gov/efde and c l i c k on e - f i l e fo r C h a r i t i e s Nonprofits

Type or

p r i n t

F i l e by t h e

du e date f o r

f i l i n g your

r e t u r n S e eI n s t r u c t i o n s

Name of E x em p t Organization

Donors Capital Fund Inc

N umb er s t r e e t , an d room o r s u i t e n umb er I f a P O box se e i n s t r u c t i o n s

Box 1305

C i t y , t o w n or p o s t o f f i c e F o r a f o r e i g n a d d r e s s , s e e i n s t r u c t i o n s

Alexandria

Employer identification number

54 1934032

s t a t e Z IP c od e

VA 22313

Check type o f r e t u r n t o be f i l e d f i l e a separate a p p l i c a t i o n f o r each r e t u r n

X Form 990 Form 990-T c o r p o r a t i o n Form 4720

Form 990-BL Form 990-T s e c t i on 401 a) o r 408 a) t r u s t Form 5227

Form 990-EZ Form 990-T t r u s t o t h e r than above) Form 6069

Form 990-PF Form 1041-A Form 8870

• Th e books a r e i n t h e care o f the Organization----- ------------------------

Telephone N o 703)535-3563_---__ FAX N o .

• I f t h e o r g a n i z a t i o n does n o t have an o f f i c e o r place o f business i n t h e U n it e d S t at e s check t h i s box

• I f t h i s i s f o r a Group Return e n t e r t h e o r g a n i z a t i o n s f o u r d i g i t Group Exemption N u m b e r G E N ) I f t h i s i s f or t h e whole g r o u p ,

check t h i s box F1 I f i t i s f o r p a r t o f t h e g r o u p , check t h i s box an d a t t a c h a l i s t w i t h t h e names a nd E IN s o f a l l members

t h e extension w i l l cover

1 I request an automatic 3 - month 6 months f o r a s e c t i o n 501 c 3 c o r p o r a t i o n r e q u i r e d t o f i l e Form 990 T extension o f time

u ntil Aua 15 _ _ _ , 20 0 7 _ t o f i l e t h e exempt o r g a n i z a t i o n r e t u r n f o r t h e organization named above

The extension i s f o r t h e organization s r e t u r n f o r :

X X calendar year 20 06

-

o r

t a x year beginning _ _ - - 20 a nd ending - _ _ _ 20

2 I f t h i s t a x year i s f o r l e s s than 12 months check reason [] I n i t i a l r e t u r n [] F i n a l r e t u r n Ch a n g e i n accounting p e r i o d

3a I f t h i s a p p l i c a t i o n i s f o r Form 990-BL, 990-PF, 990-T, 4720, o r 6069, e n t e r t h e t e n t a t i v e t a x , l e s s any

nonrefundable c r e d i t s . S e e i n s t r u c t i o n s 3a 0

b I f t h i s a p p l i c a t i o n i s f o r Form 990-PF o r 990-T, e n t e r any refundable c r e d i t s an d estimated t a x payme n t s

made. I n c l u d e an y p r i o r y e ar over p a y men t allowed as a c r e d i t 3b 0

c Balance Due. Subtract l i n e 3b from l i n e 3a I n c l u d e your payme n t w i t h t h i s f o r m , o r , i f r e q u i r e d ,

deposit w i t h FT D coupon or , i f r e q u i r e d , by u s i n g EFTPS E l e c t r o n i c Federal Tax P a y m e n t Sys t em)

S e e i n s t r u c t i o n s 3c 0

Caution I f you are going t o make an e l e c t r o n i c fund withdrawal w i t h t h i s Form 8868, see Form 8 453- E O an d F or m 8 8 7 9 -E O f o r

payment i n s t r u c t i o n s .

BAA For Privacy Act a n d Paperwork R e du ct i on A ct Notice see i n s t r u c t i o n s Form 8868 Re v 12-200

FIFZ0501 12/19/06



Cert 7007 0710 0001 4874 9726

Form 8868 Re v 12-2006 Donors Capital Fund Inc 54-1934032 Page

• I f you are f i l i n g f o r an Additional not automatic 3-Month Extension, complete only Part I I an d check t h i s bo x X

Note Only complete Part I I i f you have already been granted an automatic 3-month extension on a p r e v i o u s l y f i l e d Form 8868

• I f yo u are f i l i n g f o r an Au tomatic 3-Month Extension comp l e t e o n l y Part I on p a g e 1

Part I I Additional not automatic 3-Month Extension o f Time. You must f i l e o r i g i n a l an d one c o p y .

Name o f Exempt Organization Employer i d e n t i f i c a t i o n number

Type or

print Donors Capital Fund, Inc 54-1934032

Number, s t r e e t , and room o r s u i t e number I f a P 0 b o x , s e e i n s t r u c t i o n s F o r I R S u s e o n l y

F i l e b y t h e

extended

Check type o f r e t u r n t o be f i l e d F i l e a separate a p p l i c a t i o n f o r each r e t u r n ) :

X Form 99 0 Form 990-PF Form 1041-A Form 6069

Form 990-BL Form 990-T s e c t i o n 401 a) o r 408 a) t r u s t ) Form 4720 Form 8870

Form 990-EZ Form 990-T t r u s t o t h e r thaabove Form 5227

STOP Do not complete P a r t I I i f you were not already granted an automatic 3-month extension on a previously f i l e d Form 8868.

• The books are i n care o f _______________________

Telephone No x 70_3 _535_35_63FAXNo

• I f t h e o r g a n i z a t i o n does n o t have an o f f i c e o r place o f business i n t h e United States check t h i s box

• I f t h i s i s f o r a Group Return e n t e r t h e organization s f o u r d i g i t Group Exemption Number GEN) I f t h i s i s f o r t h e

whole group, check t h i s box 1 0 .EJ I f i t i s f o r p a r t o f t h e group check t h i s bo x 0 1 11 and a t t a c h a l i s t w i t h t h e names and E IN s o f a l l

members t h e extension i s f o r

4 I request an a d d i t i o n a l 3 - month extension o f time u n t i l Nov 20 0 7.

5 For calendar year _2006 o r o t h e r t a x year beginning

_ _ _ _ _ _ 20 an d ending 20

6 I f t h i s t a x year i s f o r l e s s t han 12 months check reason I n i t i a l r e t u r n F i n a l r e t u r n Change i n accounting p e r i o d

7 State i n d e t a i l why you need t h e extension The Organization holds_an interest_in an investment_ _ _ _

rate LC that generates UBTI and has not yet received a K-1, which is necessary to complete accu--------- -------------- ------- ----------- - -

Part VII of the return and, therefore, respectfully requests an additional extension of time t o file

8a I f t h i s a p p l i c a t i o n i s f o r Form 990-BL, 990-PF, 990-T, 4720, o r 6069, e n t e r t h e t e n t a t i v e t a x , l e s s an y

nonrefundable c r e d i t s S ee i n s t r u c t i o n s 8a 0

b I f t h i s a p p l i c a t i o n i s f o r Form 990-PF, 990-T, 4720, o r 6069, e n t e r an y refundable c r e d i t s and estimated t a x

p ay ment s made. I n c l u d e any p r i o r year overpayment allowed as a c r e d i t an d an y amount p a i d p r e v i o us l y - -

w i t h Form 8868 8b 0

c Balance Due. Subtract l i n e 8b from l i n e 8 a . I n c l u d e your payment w i t h t h i s f o r m , o r , i f r e q u i r e d , deposit

w i t h FTD coupon o r , i f r e q u i r e d , b y using EFTPS E l e c t r o n i c Federal Tax Payment System) S ee i n s t r s 8C 0

S i g n a t u r e and V e r i f i c a t i o n

Under p e n a l t i e s o f p e r j u r y , I declare t h a t have examined t h i s form, i n c l u d i n g accompanying schedules and statements, and t o t h e b e s t o f my k nowledge and b e l i e f , i t i s t r u e ,

c o r r e c t , an d complete, an d t h a t am authorized t o prepare t h i s form

S i g n a t u r e T i t l e 1 1 Attorney D a t e 0 1 08/09/07

N o t i c e t o A p p l i c a n t To be Completed by t h e I R S )

RWe have approved t h i s a p p l i c a t i o n Please a t t a c h t h i s form t o t h e o r g a ni z a t i o n s r e t u r n .

We have not approved t h i s a p p l i c a t i o n However, we have granted a 10-day grace p e r i o d from t h e l a t er o f t h e date shown below o r t h e

d ue date o f t h e o r g a n i z a t i o n s r e t u r n i n c l u d i n g an y p r i o r e x t e n s i o n s ) . This grace p e r i o d i s considered t o be a v a l i d extension o f time f o r

e l e c t i o n s otherwise r e q u i r e d t o be made on a t i m e l y f i l e d r e t u r n . Please a t t a c h t h i s form t o t h e o r g a n i z a t i o n s r e t u r n

We have not approved t h i s a p p l i c a t i o n A f t e r considering t h e reasons s t a t e d i n item 7 , we cannot grant your request f o r an extension o f

time t o f i l e We are n o t g r a n t i n g a 10-day grace p e r i o d

I We cannot consider t h i s a p p l i c a t i o n because i t was f i l a f t e r t h e e xt en de d d u e date o f t h e r e t u r n f o r wh ic h an extension was requested ther

D i r e c t o r

By

Date

Alternate Mailing A d dress Enter t h e address i f you want t h e copy o f t h i s a p p l i c a t i o n f o r an a d d i t i o n a l 3-month extension r e t u r n e d t o an

address d i f f e r e n t than t h e one entered above.

Name

haritable E n t i t ,

Type orNumber and s t r e e t i n c l u d e s u i t e room o r a p a r t m e n t number o r a P . O . box number

print1PO Box 17367

BAA

City or town, province or state and country i ncluding p os t al o r ZIP code)

VA 2 2 2

FIFZ0502 12/19/06 Form 8868 Rev 12-200



Donors C a p i t a l Fund I n c 54 1934032

Form 9 9 0 , Page 5 P a r t V A

L i s t o f O f f i c e r s E t c . Statement

A

Name and address

Kris Alan Mauren

c/o the Organization

William H Mellor


Stephen Moore


John Von Kannon


B

T i t l e and

average hours per

week devoted

t o p o s i t i o n

C

Compensation

i f no t p a i d ,

enter - 0 -

Board Member

2.5

Board Member

2.5

Board Member

2.5

Board Member

2.5

0.

0.

0.

0.

Contributions

t o employee

b e n e f i t plans

and deferred

compensation

0.

0.

0.

0.

Expenseaccount

and o t h e r

allowances

0.

0.

0 .

0 .

Form 990 Page 4 , Part I V , L i n e 54 a

Investments P u b l i c l y Traded S e c u r i t i e s Statement

Beginning En d o f

Line 54 a - Investments Publicly Traded S e c u r i t i e s : o f Year Year

Investment i n publicly traded securities 12,693,603. 15,873,749.

T o t a l 12,693,603. 15,873,749.

Form 990 Page 4 , Part I V , L i n e 56

Investments Other Statement

Line 56 - Investments Other:

Beginning End o f

o f Year Year

Investment in Caxton Select LLC 16,539,845. 16,085,833.

Investment in DCF LLC 0. 855,000.

T o t a l 16,539,845. 16,940,833.

E x p l a n a t i o n Statement

Form/Line: Form 990 Part V-A line 75c

Explanation o f : Receipt o f Compensation from Other Companies

Whitney L . Ball 109 N Henry St Alexandria, VA 22314) received compensation of

115,650, contributions to employee benefit plans of 16,818, and expense

and other allowances of 0 from Donors Trust, Inc., EIN 52-2166327.

Donors Trust, Inc. is an exempt organization supported by the organization.



A d d i t i o n a l Information Fo r Ta x Return

D o n o r s C a p i t a l Fund I n c 54 19340

F o r m 990 : Accopplishments a

FORM 990 PART I I I a STATEMENT OFPRIMARY EXEMPT PURPOSE

Support o f o r g a n i z a t i o n s d e s c r i b e d i n I n t e r n a l R eve nu e C o d e s e c t i o n s 5 0 9 a ) 1 ) a n d 5 0 9 a ) 2 ) , which a l l e v i a t e ,

through e d u c a t i o n , r e s e a r c h a n d p r i v a t e i n i t i a t i v e s , s o c i e t y s m ost pervasive an d r a d i c a l n e e d s , i n c l u d i n g t h o s e

r e l a t i n g t o s o c i a l w e l f a r e , h e a l t h , environment economics governance f o r e i g n r e l a t i o n s , a n d a rt s a n d c u l t u r e ; a

which encourage philanthropy a n d i n d i v i d u a l g i v i n g a n d r e s p o n s i b i l i t y a s a n answer t o s o c i e t y s n e e d s , a s oppos

t o g overnmental involvement.

F o r m 990 p 6 Line 75d N A

A d op te d during t h e 2007 t a x y e a r .

donors capital 2006 990

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