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
HUBBELL-WATERMAN FNDN
C/O LANE & WATERMAN LLP
Number and street (or P.O. box number if mail is not delivered to street address)220 N MAIN STREET 600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DAVENPORT, IA52801
A Employer identification number

42-6126467
B Telephone number (see instructions)

(563) 324-3246
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$38,275,066J 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) 234,843
2 Check right arrow.............
3 Interest on savings and temporary cash investments 807 807  
4 Dividends and interest from securities... 854,398 849,027  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 207,440
b Gross sales price for all assets on line 6a 8,692,583
7 Capital gain net income (from Part IV, line 2)... 207,440
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
361,570 359,947 0
12 Total. Add lines 1 through 11........ 1,659,058 1,417,221 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 163,118 130,494 0 32,624
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
16,093 0 0 16,093
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,622 0 0 1,622
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
46,418 16,489 0 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
76,290 57,081 0 19,207
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 303,541 204,064 0 69,546
25 Contributions, gifts, grants paid....... 1,963,299 1,963,299
26 Total expenses and disbursements. Add lines 24 and 25 2,266,840 204,064 0 2,032,845
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -607,782
b Net investment income (if negative, enter -0-) 1,213,157
c Adjusted net income (if negative, enter -0-)... 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......... 1,449,960 1,897,633 1,897,633
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)....... 24,986,190 Click to see attachment
List of Attached Documents:
// Content
22,936,865 		30,749,133
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
735,688 		742,320
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).......... 3,350,637 Click to see attachment
List of Attached Documents:
// Content
3,375,532 		4,885,980
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 29,786,787 28,945,718 38,275,066
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........ 29,786,787 28,945,718
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 29,786,787 28,945,718
30 Total liabilities and net assets/fund balances (see instructions). 29,786,787 28,945,718
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
29,786,787
2
Enter amount from Part I, line 27a .....................
2
-607,782
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
29,179,005
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
233,287
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
28,945,718
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 ABERDEEN EMERG MARKETS-INST 5840 P 2021-02-16 2022-02-07
b EDGEWOOD GROWTH INSTL 2131 P 2022-01-19 2022-04-29
c ISHARES CORE S&P 500 ETF P 2022-12-01 2022-02-07
d ISHARES S&P 500 VALUE ETF P 2021-11-26 2022-07-07
e ISHARES S&P 500 VALUE EFT P 2021-11-26 2022-08-16
T ROWE PRICE INST FLOAT RATE 170 P 2022-01-19 2022-07-07
T ROWE PRICE INST FLOAT RATE 170 P 2022-01-19 2022-09-28
ABERDEEN EMERG MARKETS-INST 5840 P 2021-02-16 2022-08-17
ABERDEEN EMERG MARKETS-INST 5840 P 2021-02-16 2022-09-28
EDGEWOOD GROWTH INSTL 2131 P 2020-09-30 2022-04-29
EDGEWOOD GROWTH INSTL 2131 P 2020-05-19 2022-07-07
EDGEWOOD GROWTH INSTL 2131 P 2020-04-03 2022-08-01
EDGEWOOD GROWTH INSTL 2131 P 2020-04-30 2022-08-17
APPLE P 2008-11-05 2022-02-07
APPLE P 2008-11-05 2022-08-01
ARTISAN INTERNATIONAL FD INS 662 P 2015-11-25 2022-08-01
ARTISAN INTERNATIONAL FD INS 662 P 2012-02-07 2022-08-17
BERKSHIRE HATHAWAY INC P 2016-06-24 2022-02-07
COCA COLA CO P 2013-09-24 2022-02-07
COMCAST CORP CLASS A P 2008-11-05 2022-02-07
ISHARES RUSSELL 2000 ETF P 2021-05-10 2022-07-07
ISHARES RUSSELL 2000 ETF P 2021-05-10 2022-08-01
ISHARES RUSSELL 2000 ETF P 2021-05-10 2022-08-16
ISHARES CORE MSCI EAFE ETF P 2018-01-26 2022-02-07
MICROSOFT CORP P 1999-12-03 2022-02-07
PRINCIPAL PREFERRED SEC-R6 #8200 P 2020-12-30 2022-01-19
PRINCIPAL PREFERRED SEC-R6 #8200 P 2020-07-06 2022-07-07
PRINCIPAL PREFERRED SEC-R6 #8200 P 2020-05-19 2022-09-28
UNITED HEALTH GROUP INC P 2010-11-04 2022-02-07
VANGUARD TOTL BD MKT INDX-ADM 584 P 2019-07-29 2022-01-20
VANGUARD TOTL BD MKT INDX-ADM 584 P 2019-07-29 2022-05-02
VANGUARD TOTL BD MKT INDX-ADM 584 P 2019-07-29 2022-08-01
VANGUARD TOTL BD MKT INDX-ADM 584 P 1930-07-07 2022-09-28
VISA INC-CLASS A SHRS P 2008-11-05 2022-02-07
LT CAPITAL GAIN DISTRIBUTION P 2021-01-01 2022-12-31
(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 300,000   412,968 -112,968
b 171,075   217,300 -46,225
c 406,087   405,903 184
d 445,558   480,741 -35,183
e 754,948   751,158 3,790
117,650   127,000 -9,350
132,661   142,418 -9,757
157,881   274,689 -116,808
235,800   462,800 -227,000
113,568   131,542 -17,974
402,821   473,243 -70,422
372,371   364,941 7,430
1,242,837   1,087,189 155,648
86,192   1,942 84,250
161,897   3,883 158,014
203,652   220,196 -16,544
171,192   151,246 19,946
79,167   35,136 44,031
107,413   67,988 39,425
48,979   8,763 40,216
175,793   224,196 -48,403
187,749   224,196 -36,447
301,428   336,294 -34,866
540,673   530,800 9,873
75,799   12,109 63,690
209,948   213,023 -3,075
124,600   136,638 -12,038
119,212   132,534 -13,322
72,840   5,494 67,346
544,986   542,499 2,487
102,840   112,423 -9,583
99,961   107,234 -7,273
70,730   81,571 -10,841
79,931   5,086 74,845
274,344     274,344
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       -112,968
b       -46,225
c       184
d       -35,183
e       3,790
      -9,350
      -9,757
      -116,808
      -227,000
      -17,974
      -70,422
      7,430
      155,648
      84,250
      158,014
      -16,544
      19,946
      44,031
      39,425
      40,216
      -48,403
      -36,447
      -34,866
      9,873
      63,690
      -3,075
      -12,038
      -13,322
      67,346
      2,487
      -9,583
      -7,273
      -10,841
      74,845
      274,344
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 2 207,440
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 -209,509
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 16,863
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 16,863
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 16,863
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 18,938
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,938
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 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 2,075
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow2,075 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
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 arrowIA
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 arrowWWW.HUBBELLWATERMAN.ORG
14
The books are in care ofright arrowLANE WATERMAN LLP Telephone no.right arrow (563) 324-3246

Located atright arrow220 N MAIN STREET STE 600DAVENPORTIA ZIP+4right arrow52801
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
Yes
 
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
WELLS FARGO BANK NA TRUSTEE
1.00 		163,118 0 0
100 N MAIN ST MAC D4001-117
WINSTON SALEM,NC27101
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
33,892,710
b
Average of monthly cash balances.......................
1b
1,696,921
c
Fair market value of all other assets (see instructions)................
1c
3,204,461
d
Total (add lines 1a, b, and c).........................
1d
38,794,092
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
38,794,092
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
581,911
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
38,212,181
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,910,609
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
1,910,609
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
16,863
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
16,863
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,893,746
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,893,746
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
1,893,746
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
2,032,845
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
2,032,845
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 1,893,746
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 254,948
b Total for prior years:20, 20, 20 0
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 ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 2,032,845
a Applied to 2021, but not more than line 2a 254,948
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..... 1,777,897
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		115,849
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) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
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

BALLET QUAD CITIES

617 17TH ST
ROCK ISLAND,IL61201 		NONE PC GENERAL OPERATING 25,000

TAPESTRY FARMS

3009 GRAND AVE
DAVENPORT,IA528031319 		NONE PC GENERAL OPERATING 10,000

FRIENDS OF THE DAVENPORT PUBLIC LIBRARY

321 N MAIN ST
DAVENPORT,IA528011409 		NONE PC GENERAL OPERATING 40,000

NEST (NOURISH EVERYONE SUSTAINABLY EVERYWHERE)

830 43RD ST
ROCK ISLAND,IL612012226 		NONE PC GENERAL OPERATING 7,500

CLOCK INC

4102 46TH AVE
ROCK ISLAND,IL61201 		NONE PC GENERAL OPERATING 10,000

TESTIMONIES OF HOPE INC

2216 N BLANCHARD ST
DAVENPORT,IA528041065 		NONE PC GENERAL OPERATING 23,940

NARRATIVES QC INC NFP

1762 44TH STREET
ROCK ISLAND,IL612013916 		NONE PC GENERAL OPERATING 10,000

HAND IN HAND

3860 MIDDLE RD
BETTENDORF,IA52722 		NONE PC GENERAL OPERATING 41,000

QUAD CITY MUSIC ACADEMY

1103 N MAIN ST
DAVENPORT,IA528035230 		NONE PC GENERAL OPERATING 50,000

YWCA OF THE QUAD CITIES

229 16TH ST
ROCK ISLAND,IL612018607 		NONE PC GENERAL OPERATING 65,000

QUAD CITIES COMMUNITY FOUNDATION

852 MIDDLE RD STE 100
BETTENDORF,IA527224100 		NONE PC GENERAL OPERATING 73,159

QUAD CITIES OPEN NETWORK

1 MONTGOMERY DR STE 22
MOLINE,IL612651286 		NONE PC GENERAL OPERATING 25,000

FRIENDS OF EAST MOLINE PUBLIC LIBRARY

740 16TH AVE
EAST MOLINE,IL612442122 		NONE PC GENERAL OPERATING 20,000

QUAD CITY SYMPHONY ORCHESTRA ASSOCIATION

327 BRADY ST
DAVENPORT,IA528011508 		NONE PC GENERAL OPERATING 20,000

QUAD CITIES GOLF CLASSIC CHARITABLE

15623 COALTOWN RD
EAST MOLINE,IL612442122 		NONE PC GENERAL OPERATING 929,200

SPRING FORWARD LEARNING CENTER

2101 6TH AVE
ROCK ISLAND,IL61201 		NONE PC GENERAL OPERATING 30,000

NAMI GREATER MISSISSIPPI VALLEY INC

1035 W KIMBERLY RD
DAVENPORT,IA528065709 		NONE PC GENERAL OPERATING 30,000

LIVWELL CARES

2010 E 38TH STREET SUITE 101
DAVENPORT,IA52807 		NONE PC GENERAL OPERATING 6,000

ALASKA JUNIOR THEATER INC

430 W 7TH AVE
ANCHORAGE,AK995013550 		NONE PC GENERAL OPERATING 8,000

SBC OUTREACH

919 6TH AVE
ROCK ISLAND,IL612018329 		NONE PC GENERAL OPERATING 5,000

PUTNAM MUSEUM AND SCIENCES CENTER

1717 W 12TH ST
DAVENPORT,IA52804 		NONE PC GENERAL OPERATING 140,000

UNITY HOUSE OF DAVENPORT INC

2341 E PLEASANT ST
DAVENPORT,IA52803 		NONE PC GENERAL OPERATING 8,000

BIG BROTHERS BIG SISTERS OF THE QUAD CITIES

130 WEST 5TH STREET
DAVENPORT,IA52801 		NONE PC GENERAL OPERATING 15,000

DELACERDA HOUSE INC

2827 7TH AVE
ROCK ISLAND,IL61201 		NONE PC GENERAL OPERATING 10,000

ONE EIGHTY ZONE INC

601 MARQUETTE ST
DAVENPORT,IA52802 		NONE PC GENERAL OPERATING 15,500

CHILD ABUSE COUNCIL

524 15TH ST
MOLINE,IL612652151 		NONE PC GENERAL OPERATING 20,000

BOYS AND GIRLS CLUBS OF THE MISSISSIPPI VALLEY

338 6TH ST
MOLINE,IL612651160 		NONE PC GENERAL OPERATING 20,000

SCOTT COUNTY FAMILY Y

606 W 2ND ST
DAVENPORT,IA52801 		NONE PC GENERAL OPERATING 120,000

RIVER BEND FOOD RESERVOIR

4010 KIMMEL DR
DAVENPORT,IA528022404 		NONE PC GENERAL OPERATING 20,000

GROW QUAD CITIES FUND IOWA

331 W 3RD STREET
DAVENPORT,IA528011231 		NONE PC GENERAL OPERATING 10,000

CAFE ON VINE

PO BOX 3375
DAVENPORT,IA52808 		NONE PC GENERAL OPERATING 6,000

RIVER MUSIC EXPERIENCE

129 N MAIN ST
DAVENPORT,IA528011808 		NONE PC GENERAL OPERATING 20,000

TWO RIVERS YMCA INC

2040 53RD ST
MOLINE,IL612653650 		NONE PC GENERAL OPERATING 75,000

QUAD CITIES REGIONAL VISION

2550 MIDDLE RD
BETTENDORF,IA527223287 		NONE PC GENERAL OPERATING 40,000

GROUP INC

PO BOX 4299
COLUMBUS,GA319140299 		NONE PC GENERAL OPERATING 15,000
Total .................................right arrow 3a 1,963,299
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 ........... 		    14 807  
4 Dividends and interest from securities ....     14 854,398  
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 .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 207,440  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME 		900099 1,623 01 359,947  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 1,623 1,422,592 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,424,215
(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
HUBBELL-WATERMAN FNDN
C/O LANE & WATERMAN LLP
Employer identification number

42-6126467
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
HUBBELL-WATERMAN FNDN
C/O LANE & WATERMAN LLP 		Employer identification number
42-6126467
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
WATERMAN MARY H - CLUT 1
 
6325 S RAINBOW BLVD STE 300
 
LAS VEGAS, NV89118

$ 1,250


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
WATERMAN MARY H - CLUT 2
 
6325 S RAINBOW BLVD STE 300
 
LAS VEGAS, NV89118

$ 233,593


(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
HUBBELL-WATERMAN FNDN
C/O LANE & WATERMAN LLP 		Employer identification number

42-6126467
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
HUBBELL-WATERMAN FNDN
C/O LANE & WATERMAN LLP 		Employer identification number

42-6126467
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:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NONALLOCABLE) 1,622 0 0 1,622

TY 2022 InvestmentsCorpBondsSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Name of Bond End of Year Book Value End of Year Fair Market Value
912796YM5 US TREASURY BILL DTD 09/29/22 735,688 742,320

TY 2022 InvestmentsCorpStockSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Name of Stock End of Year Book Value End of Year Fair Market Value
02079K107 ALPHABET INC CL C 58,632 310,555
02079K305 ALPHABET INC CL A 59,033 308,805
023135106 AMAZON COM INC COM 162,859 462,000
037833100 APPLE INC 27,183 909,510
04314H402 ARTISAN INTERNATIONAL FUND 262,409 310,879
084670702 BERKSHIRE HATHAWAY I 146,016 540,575
09247X101 BLACKROCK INC 162,944 318,884
097023105 BOEING CO 56,022 209,539
126650100 CVS HEALTH CORPORATION 22,527 116,488
150870103 CELANESE CORP 113,966 255,600
166764100 CHEVRON CORP 128,761 358,980
17275R102 CISCO SYSTEMS INC 126,438 371,592
20030N101 COMCAST CORP CLASS A 21,909 87,425
231021106 CUMMINS INC 168,903 363,435
235851102 DANAHER CORP 24,173 345,046
25243Q205 DIAGEO PLC - ADR 182,044 356,380
254687106 WALT DISNEY CO 38,383 130,320
38141G104 GOLDMAN SACHS GROUP 61,689 214,613
412295107 HARDING LOEVNER INTERNATIONAL EQUITY 600,000 602,033
437076102 HOME DEPOT INC 127,020 315,860
464287200 ISHARES CORE S&P 500 ETF 3,839,809 3,842,100
464287309 ISHARES S&P 500 GROWTH ETF 1,027,122 848,250
464287499 ISHARES RUSSELL MID-CAP ETF 1,001,027 907,203
46432F842 ISHARES CORE MSCI EAFE ETF 2,838,562 2,773,800
46434G889 ISHARES MSCI EMERGING MARKETS 1,385,039 1,231,200
46625H100 JPMORGAN CHASE & CO 109,334 375,480
557492485 MADISON MID CAP FUND CLASS R6 1,018,188 1,443,473
56166Y636 COHO RELATIVE VALUE EQUITY FUND 2,085,494 2,251,517
594918104 MICROSOFT CORP 86,574 539,595
697435105 PALO ALTO NETWORKS I 127,504 418,620
74256W485 PRINCIPAL PREFERRED SECURITIES FUND 335,794 304,129
81369Y506 AMEX ENERGY SELECT SPDR 780,971 957,797
883556102 THERMO FISHER SCIENTIFIC INC 52,735 550,690
902973304 US BANCORP 108,312 154,816
907818108 UNION PACIFIC CORP 85,606 414,140
911312106 UNITED PARCEL SERVICE-CL B 85,200 199,916
91324P102 UNITEDHEALTH GROUP INC 43,953 636,216
921937603 VANGUARD TOTAL BOND MARKET INDEX 1,882,759 1,635,981
922908553 VANGUARD REAL ESTATE ETF 243,261 412,400
92826C839 VISA INC-CLASS A SHRS 39,958 571,340
92828N429 VIRTUS KAR SMALL-CAP CORE FUND 1,694,513 1,747,135
949917744 ALLSPRING ULTR SHORT-TRM INC 1,051,941 1,028,160
G29183103 EATON CORP PLC 90,784 251,120
WISE PLC 1P CLASS A 5,231 21,725
77958B402 T ROWE PRICE INSTITUTIONAL FLOAT 366,283 343,811

TY 2022 InvestmentsOtherSchedule2
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FRAZIER HEALTHCARE GROWTH BUYOUT FUND IX PV LP FMV 202,059 331,818
STRATEGIC VALUE SERIES E OFFSHORE FMV 203,287 302,256
INSTITUTIONAL VENTURE PARTNERS XV LP FMV 576,156 1,519,760
CRG PARTNERS III-PARALLEL FUND-A-LP FMV 228,709 161,759
ORBIMED ISRAEL PARTNERS II FMV 183,923 275,763
PORTFOLIO ADV SECONDARY FUND III (OFFSHORE) LP FMV 264,379 271,938
PARTNERS GROUP RE SE FMV 153,434 214,832
FRANCISCO PARTNERS V-B LP FMV 162,826 269,139
ARROWMARK GLOBAL OPPORTUNITY FUND II FMV 505,634 485,989
RESOURCE CAPITAL FUND VII LP FMV 136,385 168,030
CERBERUS GLOBAL NPL FEEDER FUND LP FMV 173,335 211,496
RRG SUSTAINABLE WATE FMV 200,286 244,864
FRANCISCO PARNTERS VI-B LP FMV 173,378 197,116
PORTFOLIO ADVISORS SECONDARY FUND IV (OFFSHORE) LP FMV 210,970 230,480
HAYFIN DIRECT LENDING FUND LP FMV 771 740

TY 2022 LegalFeesSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES-PRINCIPAL 10,970 0 0 10,970
LEGAL FEES-INCOME 5,123 0 0 5,123


TY 2022 OtherDecreasesSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Description Amount
TAX BASIS TIMING ADJUSTMENT 233,287


TY 2022 OtherExpensesSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER ADMINISTRATIVE EXP 19,207 0 0 19,207
INVESTMENT EXPENSES-ADR FEES 40 40 0 0
PARTNERSHIP EXPENSES 57,043 57,041 0 0


TY 2022 OtherIncomeSchedule2
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 361,570 359,947 361,570


TY 2022 TaxesSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES W/H ON QUAL DIV 11,323 11,323 0 0
FOREIGN TAXES W/H ON NON-QUAL DIV 5,166 5,166 0 0
FEDERAL ESTIMATES-PRINCIPAL 11,961 0 0 0
FEDERAL TAX PMT-PRIOR YEARS 17,968 0 0 0