Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
THE ARIEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)121 EAST HIGH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MOUNT VERNON, OH43050
A Employer identification number

27-0226408
B Telephone number (see instructions)

(740) 392-0364
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$39,347,964J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,025,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 28,859 477,528  
4 Dividends and interest from securities... 191,371 312,835  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 140,431
b Gross sales price for all assets on line 6a 1,639,093
7 Capital gain net income (from Part IV, line 2)... 1,120,310
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,608,319 813,773  
12 Total. Add lines 1 through 11........ 4,993,980 2,724,446  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 35,700 0   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
46,240 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
59,714 59,714   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
84,168 3,422   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
26,342 234,953   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 252,164 298,089   0
25 Contributions, gifts, grants paid....... 4,245,722 4,245,722
26 Total expenses and disbursements. Add lines 24 and 25 4,497,886 298,089   4,245,722
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 496,094
b Net investment income (if negative, enter -0-) 2,426,357
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,982,356 1,090,913 1,090,913
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 36,511,439 Click to see attachment
List of Attached Documents:
// Content
33,421,602 		33,421,602
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow31,626
Less: accumulated depreciation (attach schedule) right arrow31,626      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,452,409 		Click to see attachment
List of Attached Documents:
// Content
4,835,449 		Click to see attachment
List of Attached Documents:
// Content
4,835,449
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 41,946,204 39,347,964 39,347,964
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 41,946,204 39,347,964
29 Total net assets or fund balances (see instructions)..... 41,946,204 39,347,964
30 Total liabilities and net assets/fund balances (see instructions). 41,946,204 39,347,964
Part III
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
41,946,204
2
Enter amount from Part I, line 27a .....................
2
496,094
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
42,442,298
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,094,334
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
39,347,964
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a ARBOUR LANE CREDIT FUND II P    
b ARBOUR LANE CREDIT FUND II P    
c ARBOUR LANE CREDIT FUND III P    
d GS - ALTERNATIVE FUNDS P 2021-01-01 2023-12-31
e GS - CAPITAL GAIN DISTRIBUTIONS P    
GS - CAPITAL GROUP PCS P 2022-01-01 2022-12-31
GS - CAPITAL GROUP PCS P 2021-01-01 2022-12-31
GS - FUTURE OF REAL ESTATE P 2022-01-01 2022-12-31
GS - FUTURE OF REAL ESTATE P 2021-01-01 2022-12-31
GS - GANNETT WELSH & KOTLER P 2022-01-01 2022-12-31
GS - GANNETT WELSH & KOTLER P 2021-01-01 2022-12-31
HOLOWESKO GLBOAL FLTD P    
JP MORGAN CGD P    
MERRIT ENERGY PTNRS - J 1231 P    
MERRIT ENERGY PTNRS - K 1031 P    
OPPORTUNISTIC VALE FUND P    
OPPORTUNISTIC VALE FUND P    
POST LIMITED TERM HIGH P    
POST LIMITED TERM HIGH P    
ROCKBRIDGE HOSPITALITY FUND VII P    
SO PRIVATE CREDIT PTNRS P    
SOUTHOCEAN PCP P    
SOUTHOCEAN PCP 1031 P    
STAR MOUNTAIN DIVERSIFIED SB P    
STAR MOUNTAIN DIVERSIFIED SB P    
STAR MOUNTAIN US LOWER P    
STAR MOUNTAIN US LOWER P    
US REAL PROPERTY INCOME FUND P    
US REAL PROPERTY INCOME FUND P    
ARBOUR LANE CREDIT FUND III P    
SHORE UP CG - GS P    
KLINE HILL P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       -1,261
b       30,458
c       -7,133
d 403,555   313,000 90,555
e       0
226,208   254,056 -27,848
297,198   245,461 51,737
309,457   340,016 -30,559
86,827   112,360 -25,533
63,030   50,847 12,183
252,818   185,447 67,371
      383,040
      30,499
      795
      1,409
      15,418
      73,600
      -2,640
      -4,856
      9,732
      1,856
      -1,383
      7,757
      -20,698
      20,298
      3,959
      2,484
      92,446
      542
      -29,760
      2,525
      373,317
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,261
b       30,458
c       -7,133
d       90,555
e       0
      -27,848
      51,737
      -30,559
      -25,533
      12,183
      67,371
      383,040
      30,499
      795
      1,409
      15,418
      73,600
      -2,640
      -4,856
      9,732
      1,856
      -1,383
      7,757
      -20,698
      20,298
      3,959
      2,484
      92,446
      542
      -29,760
      2,525
      373,317
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,120,310
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) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 33,726
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 33,726
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 33,726
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 19,476
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 34,476
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 750
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow750 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowOH
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowKURT SCHISLER Telephone no.right arrow (740) 392-0364

Located atright arrow121 EAST HIGH STREETMOUNT VERNONOH ZIP+4right arrow43050
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
KAREN BUCHWALD WRIGHT SUPERV.DIR., CHAIRMAN,PRES
1.00 		0 0 0
121 EAST HIGH STREET
MOUNT VERNON,OH43050
THOMAS RASTIN DIRECTOR
1.00 		0 0 0
121 EAST HIGH STREET
MOUNT VERNON,OH43050
JEN ODENWELLER EXECUTIVE DIRECTOR
30.00 		0 0 0
121 EAST HIGH STREET
MOUNT VERNON,OH43050
KURT SCHISLER CURRENT DIRECTOR, SECRETARY, TREASURER
5.00 		0 0 0
121 EAST HIGH STREET
MOUNT VERNON,OH43050
DAVID STULLER PAST - DIRECTOR, SECRETARY, TREASURER
5.00 		0 0 0
121 EAST HIGH STREET
MOUNT VERNON,OH43050
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
12,265,910
b
Average of monthly cash balances.......................
1b
2,632,968
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
14,898,878
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
14,898,878
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
223,483
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,675,395
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
733,770
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
733,770
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
33,726
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
4,728
c
Add lines 2a and 2b............................
2c
38,454
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
695,316
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
695,316
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
695,316
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
4,245,722
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,245,722
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 695,316
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 2,628,508
b From 2018...... 3,458,045
c From 2019...... 19,752,111
d From 2020...... 5,955,772
e From 2021...... 4,704,801
f Total of lines 3a through e ........ 36,499,237
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 4,245,722
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 695,316
e Remaining amount distributed out of corpus 3,550,406
5 Excess distributions carryover applied to 2022. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 40,049,643
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		2,628,508
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		37,421,135
10 Analysis of line 9:
a Excess from 2018.... 3,458,045
b Excess from 2019.... 19,752,111
c Excess from 2020.... 5,955,772
d Excess from 2021.... 4,704,801
e Excess from 2022.... 3,550,406
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMERICAN RED CROSS OF KNOX COUNTY

812 COSHOCTON AVE BLDG 2 UNIT 4
MOUNT VERNON,OH43050 		  501(C)3 RED CROSS PREPAREDNESS AND RESILIENCY IN KNOX COUNTY 2022 10,000

AMERICAN RED CROSS OF KNOX COUNTY

812 COSHOCTON AVE BLDG 2 UNIT 4
MOUNT VERNON,OH43050 		  501(C)3 RED CROSS BLOOD, FIGHTING CANCER 8,200

BOWLING GREEN UNIVERSITY

1001 E WOOSTER ST
BOWLING GREEN,OH43403 		  501(C)3 IAN M. WHITAKER SCHOLARSHIP 2022 - 2023 5,000

CALVIN UNIVERISTY

3201 BURTIN ST SE
GRAND RAPIDS,MI49546 		  501(C)3 NETSANET WAAL SCHOLARSHIP 2022 - 2023 5,000

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 TREE REMOVAL AND ASSOCIATED SIDEWALK REPAIR 2020 3,178

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 TREE PRUNING, TRIMMING, AND MAINTENANCE FOR HEALTHY TREE STRUCTURE AND LONGEVITY 2021 3,600

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 SHADE TREE WATERING PROGRAM 2021 11,496

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 TREE REMOVAL & ASSOCIATED SIDEWALK REPAIR 2021 55,308

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 SHADE TREE PLANTING 2021 (PRIOR GRANT E. HIGH BEAUTIFICATION PROJECT AND ALL OF MOUNT VERNON) 48,230

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 TREE CITY PARTNERS TREE PLANTING PROGRAM, FALL 2021 - SPRING 2022 20,500

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 CA&C DEPOT OUTDOOR PROJECT PLANNING GRANT 7,700

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 TREE PLANTING, TRIMMING, AND MAINTENANCE 2022 14,000

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 SHADE TREE PLANTING 2022 500

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 TREE REMOVAL & ASSOCIATED SIDEWALK REPAIR 2022 58,825

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 2021 - 2022 SNOW SEASON CARE IN TARGETED MOUNT VERNON AREAS 10,000

CITY OF MOUNT VERNON

70 PUBLIC SQUARE
MOUNT VERNON,OH43050 		  170(C)1 MOUNT VERNON PHASE II STRATEGIC PLANNING 5,000

EXPERIENCE MOUNT VERNON FKA MAIN STREET

501 SOUTH MAIN
MOUNT VERNON,OH43050 		  501(C)3 2021 DOWNTOWN MOUNT VERNON HOLIDAY LIGHTING 8,195

EXPERIENCE MOUNT VERNON FKA MAIN STREET

501 SOUTH MAIN
MOUNT VERNON,OH43050 		  501(C)3 DOWNTOWN DESIGN, BEAUTIFICATION AND CARE PROGRAM 2022 5,000

EXPERIENCE MOUNT VERNON FKA MAIN STREET

501 SOUTH MAIN
MOUNT VERNON,OH43050 		  501(C)3 2021 - 2022 DOWNTOWN MOUNT VERNON SNOW REMOVAL 5,500

FOUNDATION FOR KNOX COMMUNITY HOSPITAL

PO BOX 1330 COSHOCTON ROAD
MOUNT VERNON,OH43050 		  501(C)3 KCH FAMILY CARE CENTER, WRIGHT FAMILY MEDICAL PAVILLION 1,000,000

FOUNDATION PARK CONSERVANCY

PO BOX 644
MOUNT VERNON,OH43050 		  501(C)3 SCHNORMEIER EVENT CENTER FIRE SUPPRESSION SYSTEM/ ADA RAMP 62,066

HEART OF OHIO TRAIL INCORPORATED

PO BOX 702
CENTERBURG,OH43011 		  501(C)3 REPLACE AND UPGRADE TRAIL WAYFINDING AND SAFETY SIGNS ON THE HEART OF OHIO TRAIL 4,000

KNOX COUNTY CAREER CENTER

308 MARTINSBURG ROAD
MOUNT VERNON,OH43050 		  170(C)1 KNOX TECHNICAL CENTER PROGRAM SUPPORT FY 2021-2022 50,223

KNOX COUNTY CAREER CENTER

308 MARTINSBURG ROAD
MOUNT VERNON,OH43050 		  170(C)1 KNOX TECHNICAL CENTER PROGRAM SUPPORT FY 2021-2022 43,500

KNOX COUNTY EDUCATIONAL SERVICE CENTER

308 MARTINSBURG ROAD
MOUNT VERNON,OH43050 		  501(C)3 ENRICHMENT PROGRAMS 2021-2022 5,000

KNOX COUNTY FOUNDATION

101 E GAMBIER ST
MOUNT VERNON,OH43050 		  501(C)3 ST. VINCENT TUITION ASSIST FUND 10,000

KNOX COUNTY FOUNDATION

PO BOX 309
MOUNT VERNON,OH43050 		  501(C)3 KNOX COUNTY ECONOMIC DEVELOPMENT INITIATIVE SUPPORT 20,000

KNOX COUNTY FOUNDATION

PO BOX 309
MOUNT VERNON,OH43050 		  501(C)3 COTC KNOXPROMISE FUND 20,000

KNOX COUNTY FOUNDATION

PO BOX 309
MOUNT VERNON,OH43050 		  501(C)3 LOCAL BOARD DEVELOPMENT INITIATIVE 2,500

KNOX COUNTY HEAD START INC

11700 UPPER GILCHRIST ROAD SUITE B
PO BOX 1225
MOUNT VERNON,OH43050 		  501(C)3 PARENT SUPPORT INITIATIVE 2022-2023 60,000

KNOX COUNTY LAND REUTILIZATION CORPORATION

PO BOX 29
MOUNT VERNON,OH43050 		  501(C)3 MOUNT VERNON NUISANCE PROPERTY REMEDIATION PROGRAM 75,000

KNOX COUNTY LAND REUTILIZATION CORPORATION

PO BOX 29
MOUNT VERNON,OH43050 		  501(C)3 MOUNT VERNON DOWNTOWN WEST CORRIDOR DEVELOPMENT 387,000

KNOX COUNTY LAND REUTILIZATION CORPORATION

PO BOX 29
MOUNT VERNON,OH43050 		  501(C)3 18 EAST VINE STREET BUILDING REVITALIZATION PLANNING - PHASE 1 250,000

KNOX PARTNERSHIP FOR ARTS & CULTURE INC DBA WOODWARD OPERA HOUSE CONSERVAN

107 S MAIN STREET SUITE 200
MOUNT VERNON,OH43050 		  501(C)3 CAPACITY BUILDING GRANT 2022 273,000

MIAMI UNIVERSITY

501 E HIGH ST
OXFORD,OH45056 		  501(C)3 ADAM. M TEMPLE SCHOLARSHIP 2022 - 2023 5,000

MOUNT VERNON ARTS CONSORTIUM INC

101 E GAMBIER STREET PO BOX 747
MOUNT VERNON,OH43050 		  501(C)3 AMPLIFYING ARTS AND ENTERTAINMENT IN MOUNT VERNON 2022 250,000

MOUNT VERNON CITY SCHOOL DISTRICT

300 NEWARK ROAD
MOUNT VERNON,OH43050 		  170(C)1 MOUNT VERNON CITY SCHOOLS FIFTH GRADE TRANSITIONS OUTDOOR SCHOOL 2022 5,244

MOUNT VERNON CITY SCHOOL DISTRICT

300 NEWARK ROAD
MOUNT VERNON,OH43050 		  170(C)1 YELLOW JACKET CLUB 2022 - 2023 3,000

MOUNT VERNON MUSIC & ARTS FESTIVAL INC

10 S GAY ST
MOUNT VERNON,OH43050 		  501(C)3 FAMILY-FOCUSED ART PROGRAMMING AND MARKETING OUTREACH FOR THE 2022 FESTIVAL 15,000

MOUNT VERNON NAZARENE UNIVERSITY

800 MARTINSBURG ROAD
MOUNT VERNON,OH43050 		  501(C)3 SOCCER AND LACROSSE COMPLEX 249,308

MOUNT VERNON NAZARENE UNIVERSITY

800 MARTINSBURG ROAD
MOUNT VERNON,OH43050 		  501(C)3 ENGINEERING EDUCATION SCHOLARSHIP PROGRAM 2022-2023 25,000

MOUNT VERNON NAZARENE UNIVERSITY

800 MARTINSBURG ROAD
MOUNT VERNON,OH43050 		  501(C)3 THERESA AND RICHARD HUNTER NURSING SCHOLARSHIP PROGRAM 2022-2023 25,000

MOUNT VERNON NAZARENE UNIVERSITY

800 MARTINSBURG ROAD
MOUNT VERNON,OH43050 		  501(C)3 ESTHER BUCHWALD ART SCHOLARSHIP PROGRAM 2022-2023 20,000

MOUNT VERNON NAZARENE UNIVERSITY

800 MARTINSBURG ROAD
MOUNT VERNON,OH43050 		  501(C)3 110 S. MAIN STREET RESTORATION PROJECT 200,000

NEW DIRECTIONS DOMESTIC ABUSE SHELTER OF KNOX COUNTY

PO BOX 453
MOUNT VERNON,OH43050 		  501(C)3 NEW DIRECTIONS EXPANSION PROJECT MATCHING GRANT 300,000

NEW HOPE INDUSTRIES

12200 UPPER FREDERICKTOWN RD
MOUNT VERNON,OH43050 		  501(C)3 NHI NEXT GENERATION 39,071

OHIO EASTERN STAR HOME

1451 GAMBIER ROAD
MOUNT VERNON,OH43050 		  501(C)3 PINE HILL INDEPENDENT SENIOR HOUSING 150,000

OHIO NORTHERN UNIVERSITY

525 S MAIN ST
ADA,OH45810 		  501(C)3 JONAH R. BURSON & MATHEW G. DINNEN SCHOLARSHIPS 2022 - 2023 10,000

OHIO UNIVERSITY

1 OHIO UNIVERSITY
ATHENS,OH45701 		  501(C)3 NICHOLAS R. LAHER SCHOLARSHIP 2022 - 2023 5,000

PUBLIC LIBRARY OF MOUNT VERNON & KNOX COUNTY

201 N MULBERRY ST
MOUNT VERNON,OH43050 		  509(A)1 ARIEL-FOUNDATION PARK STORYBOOK TRAIL 3,927

SCIENCE PLAY-SPACE INITIATIVE (SPI) INC

400 SOUTH MAIN STREET
MOUNT VERNON,OH43050 		  501(C)3 OPERATIONS SUPPORT FOR DISCOVERY PLAY 2022 51,000

THE OHIO STATE UNIVERSITY

281 W LANE AVE
COLUMBUS,OH43210 		  501(C)3 JONATHAN D. CROW, SARAH A. LORD, & SETH LAWHON SCHOLARSHIPS 2022 - 2023 15,000

THE STATION BREAK SENIOR CITIZENS CENTER OF KNOX COUNTY

160 HOWARD STREET
MOUNT VERNON,OH43050 		  501(C)3 PARKING LOT REPLACEMENT 2022 20,000

THE VILLAGE NETWORK

17606 COSHOCTON ROAD
MOUNT VERNON,OH43050 		  501(C)3 KNOX COUNTY JUVENILE COURT DIVERSION PROGRAM 105,000

UNITED WAY OF KNOX COUNTY OHIO INC

305 EAST HIGH STREET
MOUNT VERNON,OH43050 		  501(C)3 IMAGINATION LIBRARY - AN EARLY LEARNING INITIATIVE 2021-2022 12,000

UNIVERSITY OF AKRON

302 E BUCHTEL AVE
AKRON,OH44325 		  501(C)3 JOSHUA N. GADDIS SCHOLARSHIP 2022 - 2023 2,216

UNIVERSITY OF AKRON

302 E BUCHTEL AVE
AKRON,OH44325 		  501(C)3 GADDIS SCHOLARSHIP FUNDS RETURNED -3,749

UNIVERSITY OF CINCINNATI

2600 CLIFTON AVE
CINCINNATI,OH45221 		  501(C)3 GARRETT R. HUGHES SCHOLARSHIP 2022 - 2023 5,000

UNIVERSITY OF TOLEDO

2801 BANCROFT ST
TOLEDO,OH43606 		  501(C)3 TEERY LEE GLAZE FEARN SCHOLARSHIP 2022 - 2023 5,000

WINTER SANCTUARY INC

PO BOX 421
MOUNT VERNON,OH43050 		  501(C)3 SHELTER SERVICES GRANT 2021-2022 25,000

WOODWARD DEVELOPMENT CORPORATION

107 S MAIN STREET
MOUNT VERNON,OH43050 		  501(C)3 OPERA HOUSE AND ANNEX CONSTRUCTION, MANAGEMENT AND PROJECT SUPPORT 90,430

WOODWARD DEVELOPMENT CORPORATION

107 S MAIN STREET
MOUNT VERNON,OH43050 		  501(C)3 FINAL PROJECT COMPLETION SUPPORT 25,754

YMCA OF MOUNT VERNON

103 NORTH MAIN STREET
MOUNT VERNON,OH43050 		  501(C)3 YMCA SCHOLARSHIPS, PROGRAMMING, OUTREACH AND OPERATIONS 2022 40,000
Total .................................right arrow 3a 4,245,722
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 28,859  
4 Dividends and interest from securities ....     14 191,371  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 1,608,319  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,120,310  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,948,859 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,948,859
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
THE ARIEL FOUNDATION
 
Employer identification number

27-0226408
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
THE ARIEL FOUNDATION
  		Employer identification number
27-0226408
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ARIEL CORPORATION
 
35 BLACKJACK ROAD
 
MOUNT VERNON, OH43050

$ 3,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
TOM RASTIN
1240 GAMBIER ROAD
 
MOUNT VERNON, OH43050

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
THE ARIEL FOUNDATION
  		Employer identification number

27-0226408
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
THE ARIEL FOUNDATION
  		Employer identification number

27-0226408
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
THE ARIEL FOUNDATION
EIN:
27-0226408
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 46,240 0   0

TY 2022 InvestmentsCorpStockSchedule
Name:
THE ARIEL FOUNDATION
EIN:
27-0226408
Name of Stock End of Year Book Value End of Year Fair Market Value
MARKETABLE SECURITIES 33,421,602 33,421,602

TY 2022 OtherAssetsSchedule
Name:
THE ARIEL FOUNDATION
EIN:
27-0226408
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER INVESTMENTS RECEIVABLE 2,452,409 4,835,449 4,835,449


TY 2022 OtherDecreasesSchedule
Name:
THE ARIEL FOUNDATION
EIN:
27-0226408
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENTS 3,094,334


TY 2022 OtherExpensesSchedule
Name:
THE ARIEL FOUNDATION
EIN:
27-0226408
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSES 26,342 207,132   0
INVESTMENT INTEREST ON K-1S 0 27,821   0


TY 2022 OtherIncomeSchedule2
Name:
THE ARIEL FOUNDATION
EIN:
27-0226408
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ARBOUR LANE CREDIT FUND II 484,158 210,338 484,158
ARBOUR LANE CREDIT FUND III 64,744 80,923 64,744
CRG 254,354 254,354 254,354
GS - OTHER INCOME 2,291 0 2,291
HOLOWESKO GLOBAL FUND 160,032 0 160,032
KLINE HILL II 75,333 0 75,333
KHP FEEDER FUND IV 6,660 6,660 6,660
MERIT J 172,082 1,529 172,082
MERRIT J - NET ROYALTIES 0 140,260 0
MERIT K ENERGY PARTNER - ROYALTY 86,905 80,174 86,905
POST LIMITED TERM HIGH 0 1,199 0
ROCKBRIDGE VII 64,984 12,541 64,984
ROCKBRIDGE VII - RENTAL 0 462 0
ROCKBRIDGE VIII -3,593 5,909 -3,593
ROCKBRIDGE NASHVILLE 4,822 14,904 4,822
SOUTHOCEAN PRIVATE CREDIT PARTNERS -7,545 -3,856 -7,545
SOUTHOCEAN PRIVATE CREDIT PARTNERS - ROYALTIES 0 1,888 0
STAR MOUNTAIN SMALL BUS DIV. 256,998 7,913 256,998
STAR MOUNTAIN MID MARKET -50,657 -1,167 -50,657
TECH VENTURE PARTNERS 36,751 0 36,751
OPPORTUNISTIC VALUE FUND 0 -258 0
SHORE-UP OTHER   0  


TY 2022 OtherProfessionalFeesSchedule
Name:
THE ARIEL FOUNDATION
EIN:
27-0226408
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 59,714 59,714   0


TY 2022 TaxesSchedule
Name:
THE ARIEL FOUNDATION
EIN:
27-0226408
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 81,213 0   0
FOREIGN TAXES 0 3,422   0
PAYROLL TAX 2,955 0   0