Return of Private Foundation 0
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1 2949114513424 9 Return of Private Foundation OMB No 1545-0052 Form 990 -PF or Section 4947(a)(1) Trust Treated as Private Foundation ®1 8 Do not enter social security numbers on this form as It may be made public. Department of the Treasury ► I Internal Revenue Service ► Go to www.irs.gov/Form99OPF for Instructions and the latest information. Open to Public I nspection For calendar year 2018 or tax year beginning , and ending Name of foundation A Employer identification number DUKE ENERGY FOUNDATION 58-1586283 ^umber a'street (or P 0 box number If mail is not delivered to street address) Room/suite B J Telephone number 526 SOUTH CHURCH STREET C06B 704-382-7200 City or town, state or province , country, and ZIP or foreign postal code C if exemption application Is pending, check here CHARLOTTE, NC 28202 G Check all that apply. Q Initial return Q Initial return of a former public charity D_1. Foreign organizations, check here Final return 0 Amended return 2. Foreign organizations meeting the 85% test, Address change Name chan ge check here and attach computation ► H Check type of organization: OX Section 501(c)(3) exempt private foundation D E If private foundation status was terminated E^j Section 4947( a)( 1 ) nonexem pt charitable trust Other taxable private foundation under section 507(b)(1)(A), check here I Fair market value of all assets at end of year J Accounting method: Q Cash LI Accrual F If the foundation is in a 60-month termination (from Part II, col. (c), line 16) XM Other (specify) MODIFIED CASH under section 507(b)(1)(B), check here $ 10 , 7 56 9 7 9 . (Part I, column (d) must be on cash basis.) Part I Analysis of Revenue and Expenses (a) Revenue and (b ) Net investment (c) Adjusted net I (d^ Disbursements (The total of amounts in columns (b), (c), and (d) may not for c arltable purposes necessarily equal the amounts In column (a)) expenses per books income income (cash basis only) 1 Contributions, gifts, grants, etc., received 22,362,868 2 Check [] if the foundation is not required to attach Sch B ► and temporary 3 cashinvestmen^5 133,207. 133,207. 4 Dividends and interest from securities 5a Gross rents b Net rental Income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 <374 . > ID Gross sales price for all b assets on line 6a i 7 Capital gain net Income (from Part IV, line 2) 0. 8 Net short-term capital gain 9 Income modifications Gross sales less returns - 10a and allowances If Less Cost of goods sold c Gross profit or (loss) 11 Other income 200 048. 200 048. STATEMENT 11 12 Total. Add lines 1 throu g h 11 22 , 695 , 749. 333 , 255. 13 Compensation of officers, directors, trustees, etc 0. 0. 0. 14 Other employee salaries and wages N 15 Pension plans, employee benefits 00 d 16a Legal fees 51 C b Accounting fees STMT 2 7,000. 7,000. -j W c Other professional fees STMT 3 81,738, 181,79 0. we 17 Interest 0 p 18 Taxes STMT 4 3,595. 0. L 19 Depreciation and depletion 20 Occupancy Q 21 Travel, conferences, and meetings U r-'c' 22 Printing and publications a 23 Other expenses STMT 5 3 5 0. 350. 0. 24 Total operating and administrative expenses . Add lines 13 through 23 92 ,683. 82, 0 8 8. 0. 7,000. 0 25 Contributions, gifts, grants paid 32 , 433 , 806. 32.433,806. 26 Total expenses and disbursements. Add lines 24 and 25 32 526 489. 82 088. 0.132,440,806. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements < 9,830,740.> b Net investment income (If negative, enter -0-) 251,167. c Adjusted net income (if negative, enter -0-) 0. 823501 12-11-1e LHA For Paperwork Reduction Act Notice, see instructions. Form 990-PF (2018) Form 990-PF (2018) DUKE ENERGY FOUNDATION 58-1586283 Paae2 Balance Sheets Attached schedules and amounts in the description Beginning of year End of year part !I . column should be for end-of -year amounts only (a ) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-Interest-bearing 636,721. 725,327. 725,327. 2 Savings and temporary cash investments 11,875,401. 2,219,016. 2,219,016. 3 Accounts receivable ► { Less: allowance for doubtful accounts ► 4 Pledges receivable ► { Less: allowance for doubtful accounts ► 5 Grants receivable 6 Receivables due from officers, directors , trustees, and other disqualified persons 7 Other notes and loans receivable ► Less: allowance for doubtful accounts ► 8 Inventories for sale or use 9 Prepaid expenses and deferred charges < 10a Investments - U.S. and state government obligations b Investments - corporate stock c Investments - corporate bonds 11 Investments - land, buildings , and equipment basis ► { Less accumulated depreciation - • ► 12 Investments - mortgage loans 13 Investments - other STMT 6 7,802,362. 7,812,636. 7,812,636. 14 Land , buildings , and equipment: basis ► { less accumulated depreciation ► 15 Other assets (describe ► 16 Total assets (to be completed by all filers - see the instructions. Also see p ag e 1 Item I 20 , 314 , 484. 10 , 756 , 979. 10 , 756 , 979. 17 Accounts payable and accrued expenses { 18 Grants payable { , 19 Deferred revenue ar { 20 Loans from officers , directors , trustees, and other disqualified persons 21 Mortgages and other notes payable { 20 22 Other liabilities ( describe ► ) { 23 Total liabilities (add lines 17 throw h 22 ) 0. 0. Foundations that follow SFAS 117, check here ► EJ and complete lines 24 through 26, and lines 30 and 31. d 24 Unrestricted V 25 Temporarily restricted { to 26 Permanently restricted { C Foundations that do not follow SFAS 117, check here ► 0 U. and complete lines 27 through 31. 16 ° 27 Capital stock, trust principal , or current funds . 0 y 28 Paid -in or capital surplus, or land , bldg., and equipment fund 0. 0 , 29 Retained earnings, accumulated income, endowment, or other funds 20 , 314 , 484. 10 7 5 6 , 9 7 9 . { Z 30 Total net assets or fund balances 2 0 , 314 , 484. 10 7 56 97 9. 91 Total liabilities and net assetstfund balances 20 , 314 , 484. 10 , 756 , 979. PartIII Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) 1 2 0 , 314 , 484. 2 Enter amount from Part I, line 27a 2 <9,830, 740.> 3 Other increases not included in line 2 (itemize) ► GRANT REPAYMENTS 3 386 , 778. 4 Add lines 1, 2, and 3 4 10,870,522. 5 Decreases not included in line 2 (itemize) ► UNREALIZED LOSSES 5 113 , 543. 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column W. line 30 6 10, 75 6,979. Form 990-PF (2018) 823511 12-11-18 Form 990-PF 2018) DUKE ENERGY FOUNDATION 58-1586283 Page 3 Part IV. Capital Gains and Losses for Tax on Investment Income a List and describe the kinds of property sold for example, real estate, (b How acquired Date acquired Date said () () ( - Purchase (^ (d) 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D - Donation mo., day, yr.) (mo., day, yr.) la ALLOCATED LOSS FROM FFTC POOLED INVESTMENT b FUND C d e Depreciation allowed (g) (loss) (e) Gross sales price (1) Cost or other basis (h) Gain or (or allowable) plus expense of sale ((e) plus (f) minus (g)) a b 374. <374.> C d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69. (I) Gains (Col. (h) gain minus (j) Adjusted basis (k) Excess of col. (i) col. (k), but not less than -0-) or Losses (from col. (h)) (i) FMV as of 12/31/69 as of 12/31/69 over cal. (j), if any a b <374.> C d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) If (loss), enter -0- in Part I, line 7 2 <374 .> 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part I, line 8, column (c). If loss enter -0- in Part I line 8 3 N/A Part V 1 Quaiitucation under section 494U (e) for Reduced Tax on Net investment income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.) If section 4940(d)(2) applies, leave this part blank. Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? El Yes EXI No If "Yes,' the foundation doesn't quality under section 4940(e). Do not complete this part. I Enter the appropriate amount in each column for each year; see the instructions before making any entries. Base period years Distributtiion ratio Calendar year (or tax year beginning in) Adjusted q ualify(bning distributions Net value of nonchardable use assets (col. (b) divided by col. c 2017 33,639,527. 18,019,528. 1.866837 2016 32,640,472. 8,623,874. 3.784897 2015 31,182,284. 10,580,360. 2.947186 2014 29,670,388. 19,652,580. 1.509745 2013 26 054 167. 11 149 430. 2.336816 2 Total of line 1, column (d) 2 12.445481 3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years 3 2 .