2024-07-31T11:01:15-05:00 2024-03-31 346565596 ERNST & YOUNG US LLP 40 WESTMINSTER ST STE 800 PROVIDENCE RI 02903 990 2023-04-01 264319544 R STUART MOORE CHARITABLE TRUST FOR THE FERR 4047243644 PO BOX 919798 ORLANDO FL 328919798 TRUIST BANK DIRECTOR 4047243644 2024-07-31 true true RICHARD RALEIGH P00382844 4014573839 2024-07-31 2023 2024-08-08 14:25:15Z X TRUIST BANK PO BOX 919798 ORLANDO FL 32891 4229007 false X N/A X 2009 VA TO SUPPORT THE CHARITABLE PURPOSE OF FERRUM COLLEGE, THROUGH THE ESTABLISHMENT OF SCHOLARSHIPS, AS WELL AS ASSISTIG IN NECESSARY REPAIRS TO COLLEGE BUILDINGS AND PAYING IN WHOLE OR PART OF THE PRESIDENTS SALARY. 3 1 0 0 0 0 0 391469 628336 0 391469 628336 686535 711156 0 46746 48814 0 0 44444 44563 777725 804533 -386256 -176197 11181654 10981552 0 0 11181654 10981552 TO SUPPORT THE CHARITABLE PURPOSE OF FERRUM COLLEGE, THROUGH THE ESTABLISHMENT OF SCHOLARSHIPS, AS WELL AS ASSISTIG IN NECESSARY REPAIRS TO COLLEGE BUILDINGS AND PAYING IN WHOLE OR PART OF THE PRESIDENTS SALARY. false false 735563 711156 SUPPORT PROVIDED UNDER THE TRUST AGREEMENT TO FERRUM COLLEGE 735563 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 0 false false false false false false false false false false false false false X 3 1 false true false false false false false true false true false true false false false false true false VA X TRUIST BANK 4047243644 PO BOX 919798 ORLANDO FL 32891 DOUGLAS B LANE CO-TRUSTEE 1.0 X 20117 0 0 FERRUM COLLEGE CO-TRUSTEE 1.0 X 0 0 0 TRUIST BANK TRUSTEE 1.0 X 28697 0 0 48814 0 0 false false false 332361 332361 3896646 3600671 295975 295975 295975 MISC GAIN ON TRADING ERROR 900099 628336 628336 711156 711156 48814 24407 24407 1500 1500 36223 36223 FOREIGN TAX WITHHELD 6840 6840 804533 735563 68970 0 153109 202958 11028545 10778594 11181654 10981552 0 0 X 11181654 10981552 11181654 10981552 11181654 10981552 X -176197 -23905 X false false false X X X 1 FERRUM COLLEGE 540506457 2 true 711156 0 1 711156 0 true false false false false false false false false false false true false false false false true true true 0 20534 0 333337 332361 333337 352895 0 59268 62130 7049 6840 267020 283925 12792686 13053887 471434 491247 0 13264120 13545134 0 0 13264120 13545134 198962 203177 13065158 13341957 457281 466968 0 457281 466968 267020 226967 457281 457281 0 457281 711156 0 24407 0 0 0 735563 711156 457281 1.0 457281 0 0 0 461482 688456 711408 1861346 0 457281 0 1404065 735563 0 735563 0 0 2139628 0 4201 688456 711408 735563 PART V SEC D LINE 8 THE ORGANIZATION IS A TRUST FUND THAT DISBURSES FUNDS ONLY TO QUALIFYING CHARITABLE ORGANIZATIONS AS DIRECTED BY THE TRUST'S GOVERNING INSTRUMENT TO BE USED IN ONLY IN ACCORDANCE WITH THE GOVERNING INSTRUMENT. PART IV SEC D LINE 3 THE SUPPORTED ORGANIZATION HAS CONTINUED TO HAVE A SIGNIFICANT VOICE IN THE ORGANIZATION'S INVESTMENT POLICIES AND DIRECTING THE ASSETS THROUGHOUT THE YEAR. ATTENDING EACH QUARTERLY MEETING, THEY ARE ENGAGED IN DISCUSSIONS AND DECISIONS REGARDING THE INVESTMENT AND REBALANCING OF THE PORTFOLIO. THEIR INPUT IS VITAL AND CONSIDERED IN THE DECISIONS MADE TO INVESTMENT POLICY. false FERRUM COLLEGE PO BOX 1000 FERRUM VA 24088 540506457 501(C)(3) 711156 FMV GENERAL OPERATING 1 EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 THE ORGANIZATION IS A CHARITABLE TRUST. THE PAYEE IS NAMED IN THE TRUST DOCUMENT AND GRANTS ARE PAID IN ACCORDANCE WITH THE TRUST DOCUMENT. THE ORGANIZATION DOES NOT HAVE PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 3 SOME INVESTMENT MANAGEMENT FUNCTIONS ARE PERFORMED BY A OUTSIDE COMPANY. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b THERE ARE NO COMMITTEES. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW ELECTRONIC COPY OF FORM 990 IS PROVIDED TO TRUSTEE BEFORE FILING EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 9 FERRUM COLLEGE, P.O. BOX 1000 FERRUM, VA 24088-9000 DOUGLAS B LANE, 150 MILL LANE, LYNCHBURG VA 24503 FORM 990, PAGE 6, PART VI, LINE 15b CORPORATE TRUSTEE COMPENSATION, IN ACCORDANCE WITH THE TRUST DOCUMENT, IS DETERMINED BY PUBLISHED SCHEDULE OF FEES IN EFFECT FROM TIME TO TIME, WITH APPROPIATE MANAGEMENT SERVICES NOT PERFORMED. INDIVIDUAL CO-TRUSTEE AND/OR INVESTMENT FEES ARE THOSE CUSTOMARILY CHARGED FOR SIMILAR SERVICES AT THE TIME SUCH SERVICES ARE PERFORMED. FORM 990, PAGE 6, PART VI, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC EXPLANATION FOR FORM 990, PART XI, LINE 9 2022 Transaction Posted in 2023 $9,851; 2023 Transaction Posted in 2024 ($4,291); Cost Basis Adjustment ($29,465) FERRUM COLLEGE PO BOX 1000 FERRUM VA 24088 540506457 HIGHER EDUCATION VA 501(C)(3) 2 N/A false false true false false false false false false false false false false false false false false false false false FERRUM COLLEGE b 711156 CASH