TY 2022 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
Way Foundation Inc

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

82-3325659

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$22,584,308J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	2,268		2,268
4	Dividends and interest from securities...	385,775		385,775
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		175,470
b	Gross sales price for all assets on line 6a 2,892,101
7	Capital gain net income (from Part IV, line 2)...			175,470
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).......	List of Attached Documents: // Content	-9,141	3,569
12	Total. Add lines 1 through 11........	554,372		567,082
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	3,063	0	0	3,063
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	75,581	75,581
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	5,063	763
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	83,121	14,154		68,893
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	166,828		90,498	0	71,956
25	Contributions, gifts, grants paid.......	1,150,000				1,150,000
26	Total expenses and disbursements. Add lines 24 and 25	1,316,828		90,498	0	1,221,956
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-762,456
b	Net investment income (if negative, enter -0-)			476,584
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	996,446	461,070	461,070
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,168,119	List of Attached Documents: // Content 1,280,372	1,191,440
	b	Investments—corporate stock (attach schedule).......	13,990,845	List of Attached Documents: // Content 13,957,720	15,225,786
	c	Investments—corporate bonds (attach schedule).......	1,868,198	List of Attached Documents: // Content 1,469,308	1,328,299
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,016,176	List of Attached Documents: // Content 3,108,858	4,377,713
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	21,039,784	20,277,328	22,584,308
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	21,039,784	20,277,328
	29	Total net assets or fund balances (see instructions).....	21,039,784	20,277,328
	30	Total liabilities and net assets/fund balances (see instructions).	21,039,784	20,277,328

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

21,039,784

Enter amount from Part I, line 27a .....................

-762,456

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

20,277,328

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

20,277,328

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	Publicly-traded Securities
b	Passthrough K1 Capital Gain/(Loss)
c	LIGHT STREET XENON, LTD. SERIES A2	P	2018-08-27	2022-03-14
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,875,377	2,718,693	156,684
b			2,062
c	16,724	0	16,724
d
e

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			156,684
b
c			16,724
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	175,470
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 ...................		3

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	6,625
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	6,625
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	6,625
6	Credits/Payments:

a	2022 estimated tax payments and 2021 overpayment credited to 2022	6a	6,299
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	700
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	6,999
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	374
11	Enter the amount of line 10 to be: Credited to 2023 estimated tax374	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Yes

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2022)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2022)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Ann Adornetto	Dir, VP 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, VP 1.0	0	0	0
Michael Adornetto	Dir, Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Treas 1.0	0	0	0
Susan Rupp	Member-at-Large 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Member-at-Large 1.0	0	0	0
Amy Yelland	Dir, Sec 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec 1.0	0	0	0
Steven Yelland	Dir, Pres 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 1.0	0	0	0

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










Total number of other employees paid over $50,000...................

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
The CWS Group	Investment Mgmt	75,581
1201 Wills Street ste 700 BALTIMORE,MD21231	Investment Mgmt	75,581
Foundation Source	Administrative	68,769
55 Walls Drive 3rd Fl Fairfield,CT06824	Administrative	68,769

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


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 arrow

Form 990-PF (2022)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

18,723,948

Average of monthly cash balances.......................

967,843

Fair market value of all other assets (see instructions)................

4,368,572

Total (add lines 1a, b, and c).........................

24,060,363

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

24,060,363

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

360,905

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

23,699,458

Minimum investment return. Enter 5% (0.05) of line 5................

1,184,973

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.)

Minimum investment return from Part IX, line 6..................

1,184,973

Tax on investment income for 2022 from Part V, line 5.......

6,625

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

6,625

Distributable amount before adjustments. Subtract line 2c from line 1............

1,178,348

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,178,348

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,178,348

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,221,956

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,221,956

Form 990-PF (2022)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2022
1 Distributable amount for 2022 from Part X, line 7			1,178,348
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......
b Total for prior years:2020, 2019, 2018
3 Excess distributions carryover, if any, to 2022:
a From 2017......
b From 2018......
c From 2019......
d From 2020......	117,196
e From 2021......	946,272
f Total of lines 3a through e ........		1,063,468
4Qualifying distributions for 2022 from Part
XI, line 4: $ 1,221,956
a Applied to 2021, but not more than line 2a
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.....			1,178,348
e Remaining amount distributed out of corpus		43,608
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		1,107,076
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 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
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 ......		1,107,076
10 Analysis of line 9:
a Excess from 2018....
b Excess from 2019....
c Excess from 2020....	117,196
d Excess from 2021....	946,272
e Excess from 2022....	43,608

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

NONE

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

STEVEN YELLAND
1030 WILSON AVE
Hanover,PA17331
(610) 927-4550

bThe form in which applications should be submitted and information and materials they should include:

APPLICATIONS SHOULD BE SUBMITTED IN THE FORM OF A LETTER AND SHOULD CONTAIN A SPECIFIC PROPOSAL. PLEASE VISIT HTTPS://WWW.WAYFOUNDATIONFAMILY.ORG/

cAny submission deadlines:

APPLICATIONS ARE ACCEPTED AT ANY TIME. PLEASE VISIT HTTPS://WWW.WAYFOUNDATIONFAMILY.ORG/

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

GRANTS ARE MADE TO THOSE PUBLIC CHARITIES AND PRIVATE OPERATING FOUNDATIONS DETERMINED FROM TIME TO TIME BY THE BOARD OF DIRECTORS TO BE MOST DESERVING OF THE FINANCIAL SUPPORT

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ACCOUNTABILITY FOR LIFE 755 VOGELSONG RD YORK,PA17404	N/A	PC	General & Unrestricted	25,000
BOY SCOUTS OF AMERICA 701 WYMAN PARK DR BALTIMORE,MD21211	N/A	PC	Diamond Campaign	300,000
BRETHREN HOME COMMUNITY 2990 CARLISLE PIKE NEW OXFORD,PA17350	N/A	PC	Wellbrook Adult Day & Memory Care Resource Center	10,000
EICHELBERGER PERFORMING ARTS CENTER 195 STOCK ST STE 200 HANOVER,PA17331	N/A	PC	ForEver Eich Endowment Campaign	50,000
FOOD FIX CAMPAIGN INC 55 E MONROE ST STE 1460 CHICAGO,IL60603	N/A	PC	General & Unrestricted	250,000
FOR THE LOVE OF A VETERAN INC PO BOX 1238 HANOVER,PA17331	N/A	PC	"HELPING HEROES HEAL"	40,000
GERSTELL ACADEMY INC 10706 BEAVER DAM RD COCKEYSVILLE,MD21030	N/A	PC	Annual Fund	12,500
HANOVER AREA FIRE RESCUE COMMISSION 204 CLOVER LN HANOVER,PA17331	N/A	GOV	Hanover Area Fire Rescue Commission	25,000
HANOVER PUBLIC LIBRARY ASSOCIATION INC 2 LIBRARY PL HANOVER,PA17331	N/A	PC	Re-envisioning the Teen Library Space	70,000
MOUNTAIN TRAILS FOUNDATION INC PO BOX 754 PARK CITY,UT84060	N/A	PC	General & Unrestricted	10,000
MT WASHINGTON PEDIATRIC HOSPITAL INC 1708 W ROGERS AVE BALTIMORE,MD21209	N/A	PC	MWPH Ability Center: Rehabilitation Equipment	10,000
NATIONAL INTERSCHOLASTIC CYCLING ASSOCIATION 21 ORINDA WAY STE C-368 ORINDA,CA94563	N/A	PC	Maryland NICA League Season Six	7,500
ORCHARD FRIENDS SCHOOL A NEW JERSEY NONPROFIT CORP 405 LINDEN AVE RIVERTON,NJ08077	N/A	PC	OFS and beyond	50,000
PALLET FOUNDATION 1421 PRINCE ST STE 340 ALEXANDRIA,VA22314	N/A	PC	Pallet Foundation Environmental Leadership and Workforce Development Support	15,000
ROCHESTER INSTITUTE OF TECHNOLOGY 46 LOMB MEMORIAL DR ROCHESTER,NY14623	N/A	PC	Workplace Professionalism & Leader to Leader Program	30,000
RODALE INSTITUTE 611 SIEGFRIEDALE RD KUTZTOWN,PA19530	N/A	PC	Rodale Institute Regenerative Health Program	20,000
SEMPER FIDO 131 KENILWORTH RD MARLTON,NJ08053	N/A	PC	General & Unrestricted	25,000
THE COLLEGE SETTLEMENT OF PHILADELPHIA 600 WITMER RD HORSHAM,PA19044	N/A	PC	College Settlement's Summer Camp Fund	10,000
TRAINING LEADERS THROUGH ATHLETICS INC 303 DEGUY AVE HANOVER,PA17331	N/A	PC	Everyday Champions	20,000
UNITED WAY OF YORK COUNTY 140 E MARKET ST YORK,PA17401	N/A	PC	FOCUS Program	5,000
UNIVERSITY BLOOD INITIATIVE 5200 S BLACKSTONE AVE APT 502 CHICAGO,IL60615	N/A	PC	Expanded Member Development Programming	10,000
UNIVERSITY OF DELAWARE 83 EAST MAIN ST 3RD FL NEWARK,DE19716	N/A	PC	University of Delaware Athletics Sports Psychologist Position	25,000
UNIVERSITY OF DELAWARE 83 EAST MAIN ST 3RD FL NEWARK,DE19716	N/A	PC	Delaware First Campaign	100,000
USA BOBSLED SKELETON INC 196 OLD MILITARY RD LAKE PLACID,NY12946	N/A	PC	General & Unrestricted	10,000
VIRGINIA TECH FOUNDATION INC 902 PRICES FORK RD STE 4500 BLACKSBURG,VA24061	N/A	PC	Food Science & Technology Graduate Student Support	5,000
WWP INC - WOUNDED WARRIOR PROJECT INC PO BOX 758516 TOPEKA,KS66675	N/A	PC	General & Unrestricted	10,000
YOUTH FOR UNDERSTANDING USA INC 3995 FASHION SQ BLVD SAGINAW,MI48603	N/A	PC	WAY Foundation and YFU - A Force for Global Good	5,000
Total ................................. 3a				1,150,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	2,268
4 Dividends and interest from securities ....			14	385,775
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	175,470
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss	525990	-12,710	14	3,569
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		-12,710		567,082

13Total. Add line 12, columns (b), (d), and (e)..................

554,372

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2022)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2022 DepreciationSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

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

- TIN:

TY 2022 GeneralExplanationAttachment

Name:

Way Foundation Inc

EIN:

82-3325659

Identifier	Return Reference	Explanation
Part VI-A, Line 3 (990-PF) Declaration re Amended Bylaws	Part VI-A, Line 3 (990-PF) - Declaration re Amended Bylaws	I hereby declare that I am an authorized officer of the Foundation, and I certify that the conformed copy of the Foundation's amended bylaws attached hereto is a complete and accurate copy of the original document. By: STEVEN YELLAND Title: PRESIDENT

- TIN:

TY 2022 InvestmentsCorpBondsSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC - 3.200% - 11/21/20	21,397	18,105
ALEXANDRIA REAL ESTATE - 4.900	18,115	14,643
AMAZON INC - 1.650% - 05/12/20	27,946	25,825
AMERICAN EXPRESS CO - 3.950% -	30,044	29,413
AMERICAN TOWER CORP - 1.600% -	5,010	4,451
AMERICAN TOWER CORP - 3.125% -	16,031	13,761
AMGEN INC - 2.200% - 02/21/202	36,481	31,446
ANHEUSER-BUSCH - 3.650% - 02/0	38,466	33,711
AON CORP - 2.800% - 05/15/2030	32,746	25,680
APPLE INC - 3.200% - 05/11/202	31,633	28,479
BK OF AMERICA CORP MTN CALL MA	55,645	42,343
BK OF AMERICA CORP SER N MTN -	5,022	4,015
BOSTON PPTYS - 3.800% - 02/01/	10,857	9,824
CITIGROUP INC - 3.200% - 10/21	50,893	50,939
COMCAST CORP - 3.150% - 03/01/	52,525	52,424
CVS CAREMARK CORP NOTE - 4.300	35,389	29,017
DISNEY WALT CO - 2.000% - 09/0	24,448	21,018
ENBRIDGE INC BOND - 4.000% - 1	14,990	14,879
EQUINIX INC NOTE CALL MAKE WHO	17,795	14,821
FIFTH THIRD BANCORP NOTE CALL	29,190	29,884
GILEAD SCIENCES INC - 1.200% -	38,386	33,983
GOLDMAN SACHS - 3.814% - 04/23	40,207	32,026
HOME DEPOT INC - 2.800% - 09/1	28,502	27,862
INTEL - 3.750% - 08/05/2027	45,030	43,281
JP MORGAN CHASE - 2.580% - 04/	53,231	42,613
KENOSHA WIS GENL OBLIG TAXABLE	69,999	68,953
LINCOLN NATL CORP - 3.050% - 0	11,022	8,303
MUKWONAGO WIS SCH DIST WAUKESH	84,999	81,122
NEW YORK N Y CITY TRANSITIONAL	74,922	71,981
NSTAR ELEC CO BOND CALL MAKE W	44,732	42,325
PALM SPRINGS CALIF - 1.070% -	45,000	41,197
PNC FINL SVCS - 3.500% - 01/23	30,715	29,564
PROLOGIS LP - 1.250% - 10/15/2	39,409	30,422
SALESFORCE COM INC NOTE CALL M	25,206	19,993
SHELL INT'L FINANCE - 2.875% -	28,837	28,251
SIMON PPTY GROUP LP - 2.000% -	34,684	33,279
TORONTO DOMINION BANK - 1.950%	47,720	44,614
UNITEDHEALTH GROUP INC - 3.750	28,614	24,458
US BANCORP MTN - 4.548% - 07/2	25,117	24,412
VERIZON COMMS - 4.329% - 09/21	35,024	28,898
WELLS FARGO & CO - 2.406% - 10	58,126	52,112
XCEL ENERGY INC - 4.000% - 06/	25,203	23,972

- TIN:

TY 2022 InvestmentsCorpStockSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	32,501	29,534
ABBVIE INC	41,303	58,988
ACCENTURE PLC	22,282	24,282
ADOBE SYSTEMS, INC	94,017	76,056
AIA GROUP LTD ADR	36,795	34,655
ALIBABA GROUP HOLDING LTD	83,734	40,698
ALLEGION PLC	56,441	59,472
ALPHABET INC CL A	100,499	120,610
AMAZON COM	149,578	105,168
AMEREN CORPORATION	18,033	21,163
AMERICAN ELECTRIC POWER INC	20,087	22,028
AMERICAN TOWER REIT INC	145,725	133,684
ANALOG DEVICES INC	103,247	109,736
ANSYS INC	67,142	68,612
ASPEN TECHNOLOGY INC COM	28,112	51,350
ATLASSIAN CORP CL A	68,929	44,652
AUTODESK, INC	117,149	75,309
AUTOMATIC DATA PROCESSING INC	16,833	23,647
AVALONBAY CMNTYS INC	15,216	12,760
AVERY DENNISON CORP	14,844	17,195
BANK OF AMERICA CORP	47,614	51,601
BECTON DICKINSON & CO	33,725	34,076
BENTLEY SYSTEMS INC CL B	89,031	88,113
BERKLEY W R CP	64,980	122,208
BIO RAD LABS INC CL A	110,275	83,678
BLACKROCK INC	22,210	26,928
BLOCK INC	134,993	47,758
BOOZ ALLEN HAMILTON HOLDING CO	10,815	12,229
BRIGHT HORIZONS FAMILY SOLUTIO	81,745	39,942
BRISTOL-MYERS SQUIBB CO	21,037	24,607
BROADCOM INC	43,535	57,031
CADENCE DESIGN SYSTEMS INC	85,465	101,685
CHARLES RIV LABORATORIES INTL	54,146	82,366
CHEMED CORP	57,015	64,314
CHEVRON CORP	36,453	66,591
CHINA MERCHANTS BANK	30,715	22,483
CHIPOTLE MEX GRILL	81,041	74,924
CHUBB LIMITED	23,771	38,384
CIGNA CORPORATION	24,342	26,507
CISCO SYSTEMS INC	52,482	58,502
CME GROUP, INC	30,619	28,251
CMS ENERGY CP	12,567	13,553
COMCAST CORP	55,385	50,707
CONOCOPHILLIPS	8,282	23,010
COOPER COMPANIES INC	87,510	96,225
COPART INC	46,161	78,792
COSAN ADR REPRESENTING	29,125	21,144
CREDICORP LTD	16,848	18,585
CROWN CASTLE INTL	18,958	16,006
CUMMINS INC	22,138	23,018
DANAHER CORP	117,673	157,129
DEERE CO	17,484	27,441
DOLBY LABORATORIES	64,060	63,486
DTE ENERGY CO COM	11,027	12,811
DYNATRACE	95,958	82,996
EATON CORP PLC	20,484	26,682
ECOLAB INC	85,883	59,388
EDWARDS LIFESCIENCES	88,014	78,117
ELECTRONIC ARTS	12,321	12,707
ELEVANCE HEALTH INC	34,549	35,395
ELI LILLY & CO	9,387	19,755
ENN ENERGY HOLDINGS LIMITED	13,982	12,904
ENPHASE ENERGY ORD SHS	34,805	55,642
ENTERGY CORP	17,018	16,763
EOG RESOURCES INC	20,717	44,166
EPAM SYSTEMS INC	31,225	18,353
EQUIFAX INC	54,696	73,662
EVERSOURCE ENERGYINC	18,582	18,361
EXPONENT, INC	69,099	79,470
EXXON MOBIL CORP	30,672	52,282
FAIR ISSAC & CO INC	28,906	56,267
FORTIVE CORPORATION	74,743	70,161
GLOBANT SA	9,900	9,249
GLOBUS MEDICAL INC	72,450	80,137
GRUPO FIN ADR	12,995	13,472
HDFC BANK LTD ADR	32,038	30,237
HENRY JACK & ASSOC INC	51,485	54,775
HOME DEPOT INC	109,712	135,188
HONEYWELL INTL	52,373	53,575
ICICI BK LTD ADS	37,958	44,809
IDEXX CORP	116,643	95,055
INTERACTIVE BROKERS GROUP, INC	54,921	73,652
INTERNATIONAL BUSINESS MACHINE	32,298	36,772
INTUIT	125,989	126,886
ISHARES DJ US TECH ETF	392,381	416,697
ISHARES MSCI KLD 400 SOCIAL IN	369,783	450,625
ISHARES S&P NORTH AMERICA TECH	409,671	393,120
ISHARES TRUST ISHARES MSCI EAF	879,628	796,571
ISHARES TRUST MSCI EAFE INDEX	317,558	342,247
JD.COM, INC	26,045	20,880
JOHNSON & JOHNSON	68,004	84,969
JP MORGAN CHASE	57,963	71,744
KLA TENCOR CORP	27,021	38,080
LAM RESEARCH CORP	33,356	28,160
LCI INDUSTRIES	23,306	17,750
LENNOX INTL INC	47,071	57,176
LINDE PLC COM	22,749	26,747
LOCKHEED MARTIN CORP	24,097	36,000
LPL FINANCIAL HOLDINGS INC	57,168	86,036
MARSH AND MCLENNAN COMPANIES I	30,802	47,327
MARTIN CURRIE SMA-SHARES SERIE	736,703	507,270
MARVELL TECHNOLOGY, INC	91,603	72,524
MCDONALD'S CORP	32,486	41,374
MEDTRONIC PLC	41,128	32,798
MEITUAN DIANPING UNSPONSORED A	43,633	29,641
MERCK & CO INC	41,074	58,249
MICROCHIP TECHNOLOGY INC	26,247	27,538
MICROSOFT CORP	159,589	215,838
MINTH GROUP UNSPONSORED ADR RE	19,398	11,376
MONDELEZ INTERNATIONAL INC	29,425	32,392
MONOLITHIC POWER SYSTEMS, INC	89,650	86,281
MORGAN STANLEY	23,189	19,130
MORGAN STANLEY FIN LLC NT SX5E	1,000,000	1,453,799
MORGAN STANLEY FIN LLC NT SX5E	625,000	920,749
MSCI INC	88,094	97,221
NEXTERA ENERGY, INC	20,535	29,009
NIKE INC-CL B	117,504	105,309
NORDSON CP	58,494	96,039
NORTHERN TRUST CORPORATION	21,357	20,530
NORTHROP GRUMMAN CORP	32,952	52,379
NVIDIA CORP	95,733	93,676
PACKAGING CORP AMER	12,094	11,256
PARKER HANNIFIN CP	25,166	26,481
PEPSICO INC	22,957	28,725
PHILIP MORRIS INTL	30,102	36,233
PING AN INSURANCE GROUP ADR	35,611	26,353
PNC FINANCIAL GROUP INC	32,285	33,483
POOL CORP	66,147	93,420
PPG INDUSTRIES INC	21,929	18,484
PROCTER GAMBLE CO	56,396	68,050
PT BANK RAKYAT ADR	23,577	27,323
PT TELEKOM. IND. TBK ADR	12,063	12,593
ROLLINS INC	34,749	51,083
SCOTTS CO. CLASS A	87,614	36,880
SEA LTD	20,616	4,266
SERVICE NOW	120,272	89,302
SITEONE LANDSCAPE SUPPLY INC	44,097	68,163
STARWOOD REAL ESTATE INCOME TR	1,151,287	1,528,102
TAIWAN SEMICONDUCTOR MFG CO LT	134,166	86,334
TARGET CORPORATION	28,924	23,846
TELEDYNE TECH INC	74,952	66,385
TENCENT HOLDINGS LIMITED	115,413	73,961
TERADYNE INC	50,608	70,317
TEXAS INSTRUMENTS INC	26,528	33,209
THE BLACKSTONE GROUP INC CL A	100,048	62,839
THE COCA-COLA CO	31,060	35,940
THERMO FISHER SCIENTIFIC INC	85,169	136,020
THOR INDS INC	33,152	48,540
TRANE TECHNOLOGIES PLC	25,883	29,752
UNION PACIFIC	36,043	47,419
UNITED PARCEL SERVICE	47,682	46,937
UNITEDHEALTH GROUP INC	125,172	203,059
US BANCORP	36,475	33,841
VALERO ENERGY CORP	16,385	26,006
VERISK ANALYTICS, INC	121,867	109,204
VERIZON COMMUNICATIONS	35,658	23,995
VISA INC	132,695	152,496
WAL-MART DE MEX V SP/ADR	18,012	17,017
WAL-MART STORES INC	25,085	24,388
WASTE MANAGEMENT INC	23,374	32,004
WATSCO INC	70,972	57,611
WEC ENERGY GROUP, INC	22,532	23,534
WEG SA BRAZIL SPONSORED ADR	19,266	24,445
WELLS FARGO & CO	29,308	26,384
WEST PHARMA SVCS INC	77,794	66,133
WUXI BIOLOGICS INC ADR	18,309	13,548
XCEL ENERGY INC	21,610	23,417
XINYI SOLAR HOLDINGS ADR	14,686	8,169
ZEBRA TECHNOLOGIES CORP	56,036	71,026

- TIN:

TY 2022 InvestmentsGovtObligationsSch

Name:

Way Foundation Inc

EIN:

82-3325659

US Government Securities - End of Year Book Value:

1,045,786

US Government Securities - End of Year Fair Market Value:

964,405

State & Local Government Securities - End of Year Book Value:

234,586

State & Local Government Securities - End of Year Fair Market Value:

227,035

- TIN:

TY 2022 InvestmentsOtherSchedule2

Name:

Way Foundation Inc

EIN:

82-3325659

Category/ Item	Book Value	End of Year Fair Market Value
ARES INDUSTRIAL REIT	1,039,915	1,523,288
BLACKSTONE REAL ESTATE INCOME	1,163,059	1,533,774
CARLYLE GLOBAL INFRA OPP FUND	221,079	377,740
GRAHAM ABSOLUTE RETURN LTD. CL	495,750	662,290
STRATEGIC PARTNERS OFFSHORE VI	189,055	280,621

- TIN:

TY 2022 LegalFeesSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	3,063			3,063

- TIN:

TY 2022 OtherExpensesSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	68,769		68,769
Bank Charges	175	175
K-1 Exp CARLYLE GLOBAL INFRA O	14,053	13,979
Postage/Delivery Service	124		124

- TIN:

TY 2022 OtherIncomeSchedule2

Name:

Way Foundation Inc

EIN:

82-3325659

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
K-1 Inc/Loss CARLYLE GLOBAL INFRA OPP FUND ACCESS	-9,141	3,569

- TIN:

TY 2022 OtherProfessionalFeesSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	75,581	75,581

- TIN:

TY 2022 TaxesSchedule

Name:

Way Foundation Inc

EIN:

82-3325659

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2022	4,300
Foreign Tax Paid	763	763