2023-04-12T15:11:36-05:00 2022-12-31 346565596 ERNST & YOUNG US LLP 2100 ONE PPG PLACE PITTSBURGH PA 15222 990 2022-01-01 526076146 1922 CLASS OF THE UNITED STATES NAVAL 1922 4122094730 116 ALLEGHENY CENTER MALL P8YB3502L PITTSBURGH PA 15212 PNC BANK N A TAX MANAGER 4122094730 2023-04-05 true 0 JASON BELOT P00183464 3302555814 2023-04-05 2022 2023-04-26 12:10:37Z PNC BANK NA 116 ALLEGHENY CENTER MALL PITTSBURGH PA 15212 40945 false X N/A X 1967 MD FINANCIAL SUPPORT TO THE UNITED STATES NAVAL ACADEMY FOUNDATION INC FOR THE SCHOLARSHIP FUND. 1 0 0 0 0 0 0 28205 14362 0 28205 14362 13707 12510 0 7415 7500 0 0 138 157 21260 20167 6945 -5805 512795 507529 0 0 512795 507529 FINANCIAL SUPPORT TO THE UNITED STATES NAVAL ACADEMY FOUNDATION INC FOR THE SCHOLARSHIP FUND. false false 14010 12510 FINANCIAL SUPPORT TO THE UNITED STATES NAVAL ACADEMY FOUNDATION INC FOR THE SCHOLARSHIP FUND. 14010 true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false false false false false X 1 0 false false false false false false false false false false false true true true true false true false false false MD X PNC BANK NA 4122094730 116 ALLEGHENY CENTER MALL PITTSBURGH PA 15212 PNC BANK NA TRUSTEE 2.0 X 7500 0 0 7500 0 0 false false false 12691 12691 28254 26583 1671 1671 1671 14362 14362 12510 12510 7500 1500 6000 Foreign Taxes on Qualified Dividend 141 141 Foreign Taxes on Non Qualified Div 16 16 20167 14010 6157 0 23118 22435 489677 485094 512795 507529 0 0 X 512795 507529 512795 507529 512795 507529 X -5805 539 X false false false X X 1 US NAVAL ACADEMY FOUNDATION 237003516 7 true 12510 0 1 12510 0 true false false false false false false false false false false true false false false false true false true X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION D, LINE 2 1922 CLASS OF THE UNITED STATES NAVAL ACADEMY TRUST MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE SUPPORTED ORGANIZATION BY HOLDING MEETINGS TO DISCUSS INVESTMENTS AND THE GENERAL OPERATION OF THE TRUST, INCLUDING THE DISBURSEMENT OF FUNDS, TIMING OF GRANTS AND N EEDS OF THE SUPPORTED ORGANIZATION WITHIN THE TERMS OF THE TRUST AGREE MENT. PART IV, SECTION D, LINE 2 (CONT) IN ADDITION THE 1922 CLASS OF THE UNITED STATES NAVAL ACADEMY TRUST PR OVIDES QUARTERLY STATEMENTS THAT OUTLINE THE HOLDINGS AND ACTIVITIES O F THE TRUST AND THE INFORMATION REQUIRED AS PART OF THE ANNUAL NOTIFIC ATION REQUIREMENT. PART V, LINE 1 THE 1922 CLASS OF THE UNITED STATES NAVAL ACADEMY MEMORIAL SCHOLARSHIP FUND WAS ESTABLISHED PRIOR TO NOVEMBER 20, 1970, IT WAS IRREVOCABLE ON SUCH DATE AND HAS BECOME A CHARITABLE TRUST AS DESCRIBED IN SECTION 4947(A)(1). IN THE INITIAL APPLICATION FOR EXEMPTION, THE INTEGRAL PART AND ATTENTIVENESS TESTS WERE MET. PART V, LINE 1 (CONT) THE TRUST CONTINUES TO SATISFY THE INTEGRAL AND ATTENTIVENESS TESTS IN THE SAME MANNER. Part IV, Sec D, Line 3 While the supported organization relies on the experience and expertise of the Institutional Trustee to invest and manage the investments in the Trust, due to the close and continuous relationship, the supported organization has a significant voice in investment decisions. true US NAVAL ACADEMY FOUNDATION 25 MARYLAND AVENUE ANNAPOLIS MD 21401 237003516 501(C)(3) 12510 FMV FINANCIAL SUPPORT TO THE 1922 CLASS OF THE UNITED STATES NAVAL ACADEMY MEMORIAL SCHOLARSHIP FUND. EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 THE 1922 CLASS OF THE US NAVAL ACADEMY MEMORIAL SCHOLARSHIP TRUST IS A TRUST FUND THAT DISBURSES FUNDS ONLY TO QUALIFYING CHARITABLE ORGANIZATIONS AS DIRECTED BY THE TRUST'S GOVERNING INSTRUMENT TO BE USED ONLY IN ACCORDANCE WITH THE GOVERNING INSTURMENT. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a THE 1922 CLASS OF THE UNITED STATES NAVAL ACADEMY MEMORIAL SCHOLARSHIP FUND IS A TRUST FUND AND HAS NO WRITTEN POLICY REGARDING DOCUMENTATION OF MEETINGS AND WRITTEN ACTIONS OF ITS GOVERNING BODY AND COMMITTEES WITH AUTHORITY TO ACT ON ITS BEHALF. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b THE 1922 CLASS OF THE UNITED STATES NAVAL ACADEMY MEMORIAL SCHOLARSHIP FUND IS A TRUST FUND AND HAS NO WRITTEN POLICY REGARDING DOCUMENTATION OF MEETINGS AND WRITTEN ACTIONS OF ITS GOVERNING BODY AND COMMITTEES WITH AUTHORITY TO ACT ON ITS BEHALF. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW PNC AS SOLE TRUSTEE OF THE TRUST ENGAGES A THIRD PARTY FOR PREPARATION OF THE TAX RETURNS FOR THIS TRUST AND THE GOVERNING BODY. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c THE CONFLICT OF INTEREST POLICY OF PNC CHARITABLE TRUST REQUIRES AN ANNUAL AFFIRMATION THAT IT HAS BEEN RECEIVED, READ, UNDERSTOOD AND AGREED TO BE COMPLIED WITH. IN ADDITION THE POLICY REQUIRES AN ANNUAL DISCLOSURE OF THE EXISTENCE AND NATURE OF ANY AFFILIATION IN WHICH A PARTY WOULD BE CONSIDERED AN INTERESTED PERSON UNDER THE POLICY. FORM 990, PAGE 6, PART VI, LINE 18 FORM 990 AND RELATED FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH REQUEST. FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 AND RELATED FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. EXPLANATION FOR FORM 990, PART XI, LINE 9 2021 Transaction Posted in 2022 $1,035.24; 2022 Transaction Posted in 2023 $(1,059.44); Prior Period Adjustment $562.97 US NAVAL ACADEMY FOUNDATION 25 MARYLAND AVE ANNAPOLIS MD 21401 237003516 SCHOLARSHIP FUND MD 501(C)(3) 7 N/A false false true false false false false false false false false false false false false false false false false false US NAVAL ACADEMY FOUNDATION b 12510 CASH