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
Winston Family Foundation
 
% Mary M Winston
Number and street (or P.O. box number if mail is not delivered to street address)40 E Adams Street STE Suite 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Jacksonville, FL32202
A Employer identification number

59-2678732
B Telephone number (see instructions)

(904) 358-7269
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$125,462,077J 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) 2,071
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,507,770 1,834,965  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -211,762
b Gross sales price for all assets on line 6a 44,858,402
7 Capital gain net income (from Part IV, line 2)... 0
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
41,322 69,059  
12 Total. Add lines 1 through 11........ 2,339,401 1,904,024  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 90,000     90,000
14 Other employee salaries and wages...... 290,243     290,258
15 Pension plans, employee benefits....... 37,380     37,380
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
34,004     34,004
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,425     30,425
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
826,586 473,661   406,375
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
130,002 36,375   21,644
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
3,416 3,416  
20 Occupancy.............. 49,095     49,095
21 Travel, conferences, and meetings....... 50,961     50,961
22 Printing and publications.......... 1,093     1,093
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,161     48,782
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,593,366 513,452   1,060,017
25 Contributions, gifts, grants paid....... 5,756,998 5,756,998
26 Total expenses and disbursements. Add lines 24 and 25 7,350,364 513,452   6,817,015
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,010,963
b Net investment income (if negative, enter -0-) 1,390,572
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............. 75 49 49
2 Savings and temporary cash investments......... 2,564,479 3,122,918 3,122,933
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.......... 710    
10a Investments—U.S. and state government obligations (attach schedule) 25,000    
b Investments—corporate stock (attach schedule)....... 73,593,609 Click to see attachment
List of Attached Documents:
// Content
63,272,362 		74,419,554
c Investments—corporate bonds (attach schedule)....... 24,403,449 Click to see attachment
List of Attached Documents:
// Content
29,367,590 		28,944,507
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 arrow24,292
Less: accumulated depreciation (attach schedule) right arrow15,756 11,952 Click to see attachment
List of Attached Documents:
// Content
8,536 		8,536
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
19,030,910 		Click to see attachment
List of Attached Documents:
// Content
18,986,007 		Click to see attachment
List of Attached Documents:
// Content
18,966,498
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 119,630,184 114,757,462 125,462,077
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) Click to see attachment
List of Attached Documents:
// Content
1,279 		Click to see attachment
List of Attached Documents:
// Content
6,874
23 Total liabilities (add lines 17 through 22)......... 1,279 6,874
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........ 119,628,905 114,750,588
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 119,628,905 114,750,588
30 Total liabilities and net assets/fund balances (see instructions). 119,630,184 114,757,462
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
119,628,905
2
Enter amount from Part I, line 27a .....................
2
-5,010,963
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
136,926
4
Add lines 1, 2, and 3 ..........................
4
114,754,868
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
4,280
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
114,750,588
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 UBS 180 LT Box D      
b UBS 180 LT Box E      
c UBS 161 ST Box A      
d UBS 161 LT Box D      
e UBS 161 LT Box E      
UBS 042 ST Box A      
UBS 042 LT Box D      
UBS 067 ST Box A      
UBS 067 LT Box D      
UBS 067 LT Box E      
UBS 072 ST Box A      
UBS 072 LT Box D      
UBS 073 ST Box A      
UBS 073 LT Box D      
UBS 074 LT Box D      
UBS 074 LT Box E      
UBS 075 ST Box A      
UBS 075 LT Box D      
UBS 077 ST Box A      
UBS 077 LT Box D      
UBS 078 ST Box A      
UBS 078 LT Box D      
UBS 081 ST Box A      
UBS 081 LT Box D      
UBS 082 ST Box A      
UBS 082 LT Box D      
UBS 082 LT Box E      
UBS 084 ST Box A      
UBS 084 LT Box D      
UBS 086 ST Box A      
UBS 086 LT Box D      
LT From K-1 - Morgan Creek Partners      
ST From K-1 - Morgan Creek Bric Plus      
LT From K-1 - Morgan Creek Bric Plus      
LT From K-1 - Trumbull Prop Growth Inc. Fd      
ST From K-1 - JHW Estate      
LT From K-1 - JHW Estate      
Third Point      
Cedar CZ TCH      
LT From K-1 - Challen Partners, Ltd.      
(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 139,415   130,495 8,920
b 372,891   363,500 9,391
c 12,095,234   12,124,495 -36,033
d 2,405,863   2,544,617 -135,728
e 1,593,491   1,568,649 23,962
594,635   633,343 -38,708
852,159   1,034,854 -182,695
151,799   267,556 -115,757
935,552   800,147 135,405
88,284   61,030 27,254
239,386   247,080 -7,694
337,178   308,840 28,338
407,337   491,279 -79,397
426,674   462,298 -34,336
50,000   50,000  
564   564  
634,757   736,849 -102,092
1,150,419   1,163,528 -13,109
32,056   29,432 2,624
1,195,679   1,041,204 154,475
179,398   218,508 -39,110
1,279,049   1,082,101 196,948
1,018,048   1,517,271 -499,223
8,295,251   8,126,475 168,776
189,562   210,007 -20,284
2,949,798   2,743,932 232,495
1,322,532   1,220,572 101,960
107,253   152,024 -44,771
736,998   762,567 -25,569
3,449,426   3,590,841 -141,415
1,088,602   1,071,617 16,985
5,758     5,758
309     309
4,570     4,570
145,452     145,452
    2,506 -2,506
    339,980 -339,980
59,126     59,126
108,989     108,989
34,199     34,199
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       8,920
b       9,391
c       -36,033
d       -135,728
e       23,962
      -38,708
      -182,695
      -115,757
      135,405
      27,254
      -7,694
      28,338
      -79,397
      -34,336
       
       
      -102,092
      -13,109
      2,624
      154,475
      -39,110
      196,948
      -499,223
      168,776
      -20,284
      232,495
      101,960
      -44,771
      -25,569
      -141,415
      16,985
      5,758
      309
      4,570
      145,452
      -2,506
      -339,980
      59,126
      108,989
      34,199
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 -211,762
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: 1987-02-03(attach copy of letter if necessary–see instructions) 1 19,329
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  
3 Add lines 1 and 2........................... 3 19,329
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 19,329
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 40,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 52500 7 52,500
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  
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 33,171
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow33,171 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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
Yes
 
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 arrowFL
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowWinston Family Foundation Telephone no.right arrow (904) 358-7269

Located atright arrow40 E Adams Street Suite 100JacksonvilleFL ZIP+4right arrow32202
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)
Yes
 
(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
 
No
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
James H Winston Jr Trustee
010.00 		30,000    
40 E Adams Street Suite 100
Jacksonville,FL32202
Mary M Winston Trustee
010.00 		30,000    
40 E Adams Street Suite 100
Jacksonville,FL32202
Charles Winston Trustee
010.00 		0    
40 E Adams Street Suite 100
Jacksonville,FL32202
Franklin Beard Trustee
010.00 		0    
40 E Adams Street Suite 100
Jacksonville,FL32202
Robert WWinston Trustee
010.00 		30,000    
40 E Adams Street Suite 100
Jacksonville,FL32202
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
Sylia Obagi Executive Director
040.00 		162,500 16,152  
40 E Adams Street Suite 100
Jacksonville,FL32202
Mary Ross Office Manager
040.00 		127,743 9,725  
40 E Adams Street Suite 100
Jacksonville,FL32202
Total number of other employees paid over $50,000...................right arrow  
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
UBS Financial Services Investment Advisory 377,723
1000 Harbor Blvd
Weehawken,NJ07086
James H Winston Jr Ph D Consulting Services 101,700
1455 Ocean Drive Apt 802
Miami Beach,FL33139
FINN Partners Inc Marketing Services 120,000
301 E 57th Street
New York,NY10022
Total number of others receiving over $50,000 for professional services.............right arrow  
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 During the tax year ending December 31, 2022, the Foundation engaged only one direct charitable activity commonly known as the Winston Family Initiative in Technology and Adolescent Brain Development (WiFi), which, in collaboration with the University of North Carolina at Chapel Hill, has established The Winston National 0
2 Center on Technology Use, Brain and Psychological Development, (the Center). WiFi and the Center work to examine the long-term effects of technology and social media use on teen social and emotional development and strive to create more tools for parents, caregivers, and teens to make better-informed choices about how 0
3 they interact with technology and social media. In that regard, the Foundation made payments totaling $300,732 in connection with funding WiFi and the Center, as follows: ----Consulting Fees: Dr. James H. Winston Jr. ($107,700) & ESJ Education Consulting, LLC ($27,000) 0
4 ----Legal Fees: Franklin, Weinrib, Rudell and Vassallo, P.C ($616) ----Public Relations / Marketing: Finn Partners, Inc. ($120,000) & Brand Navigation, LLC ($12,000) ----Public Relation / Website: Square Space ($218) 300,732
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 arrow  
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
108,993,340
b
Average of monthly cash balances.......................
1b
4,045,996
c
Fair market value of all other assets (see instructions)................
1c
24,431,432
d
Total (add lines 1a, b, and c).........................
1d
137,470,768
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
137,470,768
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,062,062
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
135,408,706
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,770,435
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
6,770,435
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
19,329
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
19,329
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,751,106
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
6,751,106
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
6,751,106
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 Click to see attachment
List of Attached Documents:
// Content
..........
1a
6,817,015
b
Program-related investments—total from Part VIII-B..................
1b
 
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
6,817,015
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 6,751,106
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 6,714,590
b Total for prior years:20, 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 6,817,015
a Applied to 2021, but not more than line 2a 6,714,590
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount..... 102,425
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2022.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		6,648,681
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) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
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

Boys & Girls Club of Wake County

701 N Raleigh Blvd
Raleigh,NC27610 		  PC To provide program staffing, supplies and materials for a new Boys Girls Club 20,000

Cathedral Arts Project

207 N Laura St Suite 300
Jacksonville,FL32202 		  PC Cathedral Arts Project January 5,000

Children's Home Society of Florida

3027 San Diego Rd PO Box 5616
Jacksonville,FL32247 		  PC Annual grant 5,000

Cummer Museum of Art & Garden

829 Riverside Ave
Jacksonville,FL32204 		  PC Annual grant 5,000

Cummer Museum of Art & Garden

829 Riverside Ave
Jacksonville,FL32204 		  PC Ponce de Leon Society 5,000

Douglas Anderson School of Art

1478 Riverplace Blvd Ste 1606
Jacksonville,FL32207 		  PC Annual grant 5,000

Duke University

PO Box 90581
Durham,NC27708 		  PC Unrestricted grant for General Operating Support for Dukes Childrens Fund 5,000

Episcopal School of Jacksonville

4455 Atlantic Blvd
Jacksonville,FL32207 		  PC Annual grant 5,000

Episcopal School of Jacksonville

4455 Atlantic Blvd
Jacksonville,FL32207 		  PC Restricted capital support for campaign for Science and Student Life 150,000

Florida State College at Jacksonville Foundation Inc

501 W State St
Jacksonville,FL32202 		  PC General Operating Support 25,000

Jacksonville Symphony Association

300 W Water St Ste 200
Jacksonville,FL32202 		  PC General Operating Support 85,000

Jacksonville Symphony Association

300 W Water St Ste 200
Jacksonville,FL32202 		  PC Grant for Music Program 10,000

Jacksonville Symphony Association

300 W Water St Ste 200
Jacksonville,FL32202 		  PC Grant for Youth Music Program 5,000

Jacksonville Zoological Society Inc

370 Zoo Parkway
Jacksonville,FL32218 		  PC Annual grant 5,000

Junior Achievement

4049 Woodcock Dr Suite 200
Jacksonville,FL32207 		  PC Annual grant 5,000

Leadership Jacksonville

40 East Adams St Ste 230
Jacksonville,FL32207 		  PC General Operating Support 5,000

Museum of Contempoary Art Jacksonville

333 N Laura St
Jacksonville,FL32202 		  PC Annual grant for education 5,000

National Center for Family Philanthropy

667 K Street NW Ste 350
Washington,DC20006 		  PC Friends of the Family and Leadership Circle 10,000

University of North Florida Foundation

112 W Adams St 4th Floo
Jacksonville,FL32202 		  PC OneJax 5,000

Public Trust Environmental Legal

2029 Third Street North
Jacksonville Beach,FL32250 		  PC Provide restricted project support for Ecological Assessments Critical Scientific Data Initiative 25,000

Raleigh Police Department Foundation

POBox 18283
Raleigh,NC27619 		  PC General Operating Support 9,856

Ravenscroft School

7409 Falls of Neuse Rd
Raleigh,NC27615 		  PC General Operating Support 748

Ravenscroft School

7409 Falls of Neuse Rd
Raleigh,NC27615 		  PC General Operating Support 199,252

Riverside Presbyterian Day School

830 Oak St
Jacksonville,FL32204 		  PC Riverside Cornerstone Capital Campaign 25,175

Sound Rivers Inc

PO Box 1854
Washington,NC27889 		  PC To provide restricted general program support for Plastics Reduction Campaign 20,000

South Orange Rescue Squad Inc

202 Roberson St
Carrboro,NC27510 		  PC General Operating Support 65,351

Philanthropy Southeast

100 Peachtree St NW Ste 2080
Atlanta,GA30303 		  PC Grant to support annual conference 1,900

St Mark's Church Foundation

4129 Oxford Ave
Jacksonville,FL32210 		  PC Annual grant 22,424

St Mark's Church Foundation

4129 Oxford Ave
Jacksonville,FL32210 		  PC Restricted project support for underwriting epiphany series replace outdoor sound system 8,580

Allison Brundick Haramis Foundation

2905 Corinthian Ave Suite 2
Jacksonville,FL32210 		  PC General Operating Support 10,000

American Chestnut Foundation

50 North Merrimon Ave Ste 115
Ashville,NC28804 		  PC General Operating Support 50,000

Community Foundation of Northeast Florida

245 Riverside Ave Suite 310
Jacksonville,FL32202 		  PC Grant to Mary McKimmon Winston Fund, a donor-advised fund. See Part VIII-A , Line 12. 100,000

Community Foundation of Northeast Florida

245 Riverside Ave Suite 310
Jacksonville,FL32202 		  PC Grant to Mary McKimmon Winston Fund, a donor-advised fund. See Part VIII-A , Line 12. 100,000

Community Foundation of Northeast Florida

245 Riverside Ave Suite 310
Jacksonville,FL32202 		  PC General Operating Support 100,000

Community Foundation of Northeast Florida

245 Riverside Ave Suite 310
Jacksonville,FL32202 		  PC Grant to Winston Family Foundation Fund, a donor-advised fund. See Part VIII-A , Line 12. 1,700,000

Foundation of Hope for Research and Treatment of Mental Illness

9401 Glenwood Ave
Raleigh,NC27617 		  PC To provide program support for phase 2 of CHAAMP campaign 150,000

Triangle Land Conservancy Inc

514 South Duke St
Durham,NC27701 		  PC To provide project support for Wilsons Mills land protection projects in Johnston County, NC 50,000

Triangle Land Conservancy Inc

514 South Duke St
Durham,NC27701 		  PC To provide unrestricted general operating support for land conservation in Johnston County, NC 50,000

University of North Carolina at Chapel Hill

103 South Building Campus Box 9100
Chapel Hill,NC27514 		  PC Grant for Winston Family Distinguished Professorship Fund 2,500,000

University of North Carolina Chapel Hill Arts and Sciences Foundation

523 E Franklin St
Chapel Hill,NC27514 		  PC Annual Arts Sciences Foundation grant 5,000

University of North Carolina Chapel Hill Arts and Sciences Foundation

523 E Franklin St
Chapel Hill,NC27514 		  PC Final payment for Winston House grant 48,089

United Way of Northeast Florida

40 E Adams St Ste 200
Jacksonville,FL32202 		  PC Annual grant 23,123

Virginia Episcopal School

400 VES Rd
Lynchburg,VA24503 		  PC Annual grant 5,000

WJCT Inc

100 Festival Park Ave
Jacksonville,FL32202 		  PC Annual grant 5,000

Wounded Warrior Project

4899 Belfort Rd Ste 300
Jacksonville,FL32256 		  PC General Operating Support 2,500

YMCA of Florida's First Coast

40 East Adam St Ste 210
Jacksonville,FL32202 		  PC Second payment on Phase II Capital pledge 100,000

YMCA of Florida's First Coast

40 East Adam St Ste 210
Jacksonville,FL32202 		  PC Annual grant 5,000

YMCA of Florida's First Coast

40 East Adam St Ste 210
Jacksonville,FL32202 		  PC Annual grant for Camp IMMOK 5,000

YMCA of Florida's First Coast

40 East Adam St Ste 210
Jacksonville,FL32202 		  PC Annual grant for Tiger Academy 5,000
Total .................................right arrow 3a 5,756,998
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		         
4 Dividends and interest from securities ....     14 2,507,770  
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 .....     18 41,322  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -211,762  
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) ..   2,337,330  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,337,330
(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: 22015461
Software Version: 22.0.1.0
Part VI Line 7 - Tax Paid with the Original Return: 52,500


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 30,425     30,425

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2022 DepreciationSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
Office furniture 2019-12-31 20,040 10,180 MACRS 0000000007.000000000000 2,818 2,818    
EDP equipment 2019-12-31 4,252 2,160 MACRS 0000000007.000000000000 598 598    

TY 2022 GeneralExplanationAttachment
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Identifier Return Reference Explanation
  Further Explanation related to Part VII, Lines 1 and 3 concerning Investment Advisory Fees Paid to U Further Explanation related to Part VII, Lines 1 and 3 concerning Investment Advisory Fees Paid to UBS Financial Services The Winston Family Foundation WFF has engaged the investment advisory services of UBS Financial Services UBS with respect to WFFs investment assets and pays investment advisory fees to UBS in connection with the rendition of such investment advisory services. During 2022,WFF paid investment advisory fees to the Beard Williams Group at UBS totaling 157,323. Franklin Beard Beard, a trustee of WFF, is a principal of the Beard Williams Group and renders investment advisory services to WFF on behalf of the Beard Williams Group and UBS. Beard is compensated by the Beard Williams Group and UBS under an employment arrangement and WFF is not a party to that arrangement. The aggregate amount of investment advisory fees paid to UBS are disclosed herein on Line 3 of Part VII of the return. Beard is not compensated by WFF for personal services rendered to WFF as a trustee, which is disclosed herein on Line 1 of Part VII of the return. Further Explanation related to Part VII, Lines 1 and 3 concerning Consulting Fees Paid to James H. Winston, Jr., Ph. D WFF has engaged the consulting services of James H. Winston, Jr., Ph. D. Winston with respect to WFFs funding of the Winston Family Initiative in Technology and Adolescent Brain Development WiFi, which is a direct charitable activitiy more particularly described in Part VIII of this return. During 2022, WFF paid consulting fees to Winston in the amount of 101,700.00 in connection with professional services rendered to WFF in connection with WiFi. Winston is a practicing psychologist who specializes in the field of addiction and his expertise is critical to WiFi. Winston is a trustee of WFF and is the son of the founder of WFF. In 2022, WFF paid trustee fees to Winston in the amount of 30,000.00 for personal services rendered to WFF as a trustee, which is disclosed herein on Line 1 of Part VII of the return.

TY 2022 InvestmentsCorpBondsSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Name of Bond End of Year Book Value End of Year Fair Market Value
Corporate Bonds 18,774,440 18,344,507
Government Securities 10,593,150 10,600,000

TY 2022 InvestmentsCorpStockSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Name of Stock End of Year Book Value End of Year Fair Market Value
Corporate Stocks 63,197,809 74,344,997
Preferred Stocks 24,226 24,230
Cash from Unsettled Stock Sales 50,327 50,327

TY 2022 LandEtcSchedule2
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Office furniture 20,040 12,998 7,042 7,042
EDP equipment 4,252 2,758 1,494 1,494


TY 2022 LegalFeesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees re Direct Charitable Activities 616     616
Legal Fees 33,388     33,388


TY 2022 OtherAssetsSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Other Assets 19,030,910    
Private Investments   1,637,060 3,080,194
Hedge Funds   12,858,269 10,317,416
Real Estate Investments   4,330,598 5,408,808
Artwork, sculptures, and rugs   160,080 160,080


TY 2022 OtherDecreasesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Description Amount
Basis Adjustment 4,280


TY 2022 OtherExpensesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Website - WiFi DCA fees 218     218
Website - domain names 41     41
Computer - IT support services 10,275     10,275
Computer - software licenses 2,892     2,892
Office - equipment lease 50     50
Office - office expense 6,214     6,214
Office - Supplies 642     642
Office - miscellaneous 56     56
Office - repairs and maintenance 256     256
Office - Paychecks document fee 15     15
Licenses and permits 250     250
Utilities - mobile devices and service 414     414
Utilities - telephone, internet, and utilities 2,823     2,823
Dues Subscriptions - membership dues 763     763
Dues Subscriptions - subscription services 12,313     12,313
Bank Fees 25     25
Insurance - directors liability insurance 3,546     3,546
Insurance - prepaid insurance 765     765
Insurance - workers compensation insurance 586     586
Labor - contract labor 875     875
Miscellaneous - prepaid expenses 5,763     5,763
Miscellaneous - disposition of personal property 1,379      


TY 2022 OtherIncomeSchedule2
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Net capital losses adjusted for cash flow -96,846    
Challen Partners, LP 62,418    
UBS 071 Private Equity / Real Estate Investments 73,050    
UBS 161 Misc. Income 2,700    
Ridgewood Energy T Fund, LLC   2,046  
Fortress Transportation and Infrastructure Investors, LLC   688  
Morgan Creek Partners II, LP   -1,197  
Morgan Creek Bric Plus Private Fund, Ltd.   15  
Merchants Plaza at Ponte Vedra, LLLP   67,507  


TY 2022 OtherIncreasesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Description Amount
Adjustment related to unrealized gain on securities used to fund grants 0
-- 2,293 shares of IMKTA stock grant to Ravencroft School 117,819
-- 201 shares of RSG stock grant to Riverside Presbyterian Day School 19,105
Rounding Adjustment 2


TY 2022 OtherLiabilitiesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Description Beginning of Year - Book Value End of Year - Book Value
Credit Card Balance 1,279 6,874


TY 2022 OtherProfessionalFeesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Consulting Fee re DCA - James H. Winston, Jr. 101,700     101,700
Consulting Fees re DCA - ESJ Education oOnsulting 27,000     27,000
Marketing Fees re DCA - FINN Partners 132,000     132,000
Board Consultants - Natl Center for Fam. Phil. 44,563     44,563
Board Consultants Programs - Annie Bryan 4,536     4,536
Board Consultants - Social Sector Partners 1,500     1,500
Board Consultants - Pamela Saelieb 750     750
UBS Investment Advisory Fees 157,323 138,694   18,629
Investment Advisory Fees multiple all 50,000 253,857 253,857    
UBS ADR Fees 10,160 10,160    
Investment Consultants - ClearView by KDI, LLC 17,500 17,500    
Marketing Consultants - Brand Navigation, LLC 500     500
Software consultants 2,250     2,250
Executive Search Recruiting 71,503     71,503
Administrative Service Fees 1,444     1,444
Misc. Itemized Deductions Allocated from Sch. K-1   53,450    


TY 2022 TaxesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
22015461
Software Version:
22.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Employers FICA Taxes 16,846     16,846
Employers Medicare Taxes 4,165     4,165
Employers SUTA 633     633
Net Investment Income Excise Tax Paid in 2022 72,988      
Foreign Tax Paid UBS Investments 35,370 35,370    
Foreign Tax Allocated from Sch. K-1   1,005