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        <FormAndLineReferenceDesc>Part V, Line 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>The quasi-endowment funds are used primarily for the donor-advised fund program.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part X, Line 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>Management has evaluated the Fund's tax positions and has concluded that the Fund has taken no uncertain tax positions that qualify for either recognition or disclosure in the accompanying consolidated financial statements.</ExplanationTxt>
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        <PurposeOfGrantTxt>for general operations</PurposeOfGrantTxt>
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      <RecipientTable>
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          <CityNm>Arlington</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22207</ZIPCd>
        </USAddress>
        <RecipientEIN>932757926</RecipientEIN>
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        <ExplanationTxt>Each grant is accompanied by a letter stating that if the grant is accepted it cannot be used to benefit any disqualified person or for lobbying or political purposes. All grants are made to U.S. 501(c)(3) public charities. The Organization relies upon the oversight provided by United States and individual states rules and regulations applicable to such charities. Grantees must agree that grant funds are not to be used for lobbying or any type of political activity.</ExplanationTxt>
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        <PersonNm>Gregory Conko</PersonNm>
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        <ExplanationTxt>Donors Capital Fund, Inc. (DCF) is a 501(c)(3), 509(a)(3) public charity that is classified as a Type I supporting organization, and is committed to supporting a class of charities that alleviate, through education, research and private initiatives, society's most pervasive and radical needs, including those relating to social welfare, health, the environment, economics, governance, foreign relations, and arts and culture. Supported charities will also encourage private philanthropy and individual giving as opposed to governmental solutions to society's problems. As a rule, Donors Capital Fund will only disburse grants to liberty-minded public charities that do not rely on large amounts of government funding. A broad variety of charities fall under the umbrella of liberty including research hospitals, religious organizations, private schools, universities, fraternities, volunteer fire departments, and museums in addition to public-policy organizations.</ExplanationTxt>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>Form 990 is reviewed by officers prior to filing. In addition, Form 990 is distributed to all board members after filing for their review and comments. If any issues are raised, appropriate remedial action is taken, including filing an amended form 990 if necessary.</ExplanationTxt>
      </SupplementalInformationDetail>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part XII, Line 2c:</FormAndLineReferenceDesc>
        <ExplanationTxt>The Finance and Audit Committee is responsible for oversight of the audit, including selection of the independent accountant. The process has not changed from previous years.</ExplanationTxt>
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