Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
The Mary Alice and Bennett Brown 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

58-6332776
B Telephone number (see instructions)

(800) 839-1754
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$8,192,747J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 90 90  
4 Dividends and interest from securities... 230,527 230,527  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 278,498
b Gross sales price for all assets on line 6a 2,566,008
7 Capital gain net income (from Part IV, line 2)... 277,082
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
90,487 387  
12 Total. Add lines 1 through 11........ 599,602 508,086  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
58,133 58,133    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
9,400      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,475     3,475
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
57,568 3,092   53,036
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 128,576 61,225   56,511
25 Contributions, gifts, grants paid....... 400,000 400,000
26 Total expenses and disbursements. Add lines 24 and 25 528,576 61,225   456,511
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 71,026
b Net investment income (if negative, enter -0-) 446,861
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 406,264 584,004 584,004
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) 382,280 Click to see attachment
List of Attached Documents:
// Content
344,277 		312,901
b Investments—corporate stock (attach schedule)....... 6,779,495 Click to see attachment
List of Attached Documents:
// Content
6,814,424 		7,125,359
c Investments—corporate bonds (attach schedule)....... 171,480 Click to see attachment
List of Attached Documents:
// Content
197,499 		170,483
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).......... 129,659    
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) 7,869,178 7,940,204 8,192,747
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 7,869,178 7,940,204
29 Total net assets or fund balances (see instructions)..... 7,869,178 7,940,204
30 Total liabilities and net assets/fund balances (see instructions). 7,869,178 7,940,204
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
7,869,178
2
Enter amount from Part I, line 27a .....................
2
71,026
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,940,204
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,940,204
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c Sec 751 Gain on Sale of Ptshp Reclass      
d
e
(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 2,566,008   2,193,049 372,959
b       66
c       -95,943
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       372,959
b        
c        
d
e
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 2 277,082
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 6,211
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 6,211
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 6,211
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 3,547
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,800
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,347
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 136
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow136 Refundedright arrow 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowGA
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Alex Armknecht Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Charlotte Armknecht Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Rustin Armknecht Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Alden Brown Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jessica Brown Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Leila B Brown Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Bennett A Brown III Co-Chairman, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Bennett A Brown IV Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Brice D Dixon Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Charlotte Brown Dixon Chairman
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Layne A Dixon Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Katherine B Ohlhausen Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Marshall Ohlhausen Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Wallis Ohlhausen Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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...................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Morgan Stanley Investment MGMT 58,133
3280 Peachtree Road NE STE 2000
ATLANTA,GA30305
Foundation Source Administrative 52,989
55 Walls Drive 3rd Fl
Fairfield,CT06824
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)
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
8,222,064
b
Average of monthly cash balances.......................
1b
322,175
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
8,544,239
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
8,544,239
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
128,164
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,416,075
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
420,804
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
420,804
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
6,211
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
11,689
c
Add lines 2a and 2b............................
2c
17,900
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
402,904
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
402,904
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
402,904
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
456,511
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
456,511
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 7 402,904
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 390,549
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......  
e From 2021......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 456,511
a Applied to 2021, but not more than line 2a 390,549
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..... 65,962
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		336,942
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 ...... 		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.... 0
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).)
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
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

7 BRIDGES TO RECOVERY CORPORATION

231 MAXHAM RD STE 100
AUSTELL,GA30168 		N/A PC 7 Bridges Relocation Project 10,000

ATLANTA CHARITY CLAYS INC

1000 NORTHFIELD CT STE 120
ROSWELL,GA30076 		N/A PC General & Unrestricted 10,000

ATLANTA POLICE FOUNDATION INC

191 PEACHTREE ST NE STE 191
ATLANTA,GA30303 		N/A PC to cover Operating expenses of the At Promise Centers 10,000

ATLANTA RONALD MCDONALD HOUSE CHARITIES INC

795 GATEWOOD RD NE
ATLANTA,GA30329 		N/A PC 2022 Adopt-A-Family Program: Keeping Vulnerable Children and Families Safely Near Vital Care 10,000

BOYS & GIRLS CLUBS OF METRO ATLANTA INC

2880 DRESDEN DR
CHAMBLEE,GA30341 		N/A PC Operating Support 15,000

BROOKGREEN GARDENS

PO BOX 3368
PAWLEYS ISLAND,SC29585 		N/A PC for MABB Sculpture Court maintenance 5,000

CAMP SOUTHERN GROUND INC

100 SOUTHERN GROUND PKWY
FAYETTEVILLE,GA30215 		N/A PC Summer camp for kids in need 20,000

CARROLL COUNTY SOUP KITCHEN INC

PO BOX 2457
CARROLLTON,GA30112 		N/A PC Purchase of Lofted Barn Storage Building 6,000

CARROLLTON PRESBYTERIAN CHURCH

14 MAPLE ST
CARROLLTON,GA30117 		N/A PC Music Scholarship fund for UWG college students and other operational needs of Carrolton Presbyterian Church's music program 15,000

CIRCLES OF WEST GEORGIA INC

306B BRADLEY ST
CARROLLTON,GA30117 		N/A PC Mentoring & caring for kids in need 5,000

CREATE YOUR DREAMS INC

887 W MARIETTA ST NW STE T108
ATLANTA,GA30318 		N/A PC Operating Support for Five Core Programs and Two Funds for SUCCESS 10,000

FAMILIES AND COMMUNITIES TOGETHER RELIEF - FACT RE

2246 ROSWELL RD
MARIETTA,GA30062 		N/A PC Project Hope 25,000

FOR THE KIDS ORG

825 N 300 WEST STE C-139
SALT LAKE CTY,UT84103 		N/A PC Food purchase for weekend meals in 4 schools 10,000

FUGEES FAMILY INC

1933 E DUBLIN GRANVILLE RD 117
COLUMBUS,OH43229 		N/A PC Transportation and Snacks 15,000

GEORGE WEST MENTAL HEALTH FOUNDATION INC

1961 N DRUID HILLS RD NE
BROOKHAVEN,GA30329 		N/A PC Financial aid for Skyland Trail's adolescent treatment program 20,000

GIRLS ON THE RUN UTAH INC

PO BOX 58337
SALT LAKE CTY,UT84158 		N/A PC Underwrite hard costs of annual gala in September 20,000

GREENHOUSE SCHOLARS

1820 FOLSOM ST
BOULDER,CO80302 		N/A PC Whole Person College Program 10,000

KENYA KEYS

15875 BOONES FERRY RD UNIT 2348
LAKE GROVE,OR97035 		N/A PC Staff positions Fund 20,000

KIPP METRO ATLANTA COLLABORATIVE INC

1445 MAYNARD RD NW
ATLANTA,GA30331 		N/A PC KIPP Forward 25,000

L E A D INC

1266 W PACES FERRY RD STE 429
ATLANTA,GA30327 		N/A PC Operating support 15,000

MERIDIAN EDUCATION RESOURCE GROUP INC

1353 GEORGE W BRUMLEY WAY SE
ATLANTA,GA30317 		N/A PC Operating Support 10,000

NATIONAL OUTDOOR LEADERSHIP SCHOOL

284 LINCOLN ST
LANDER,WY82520 		N/A PC Financial Aid to support 2 full tuitions to the Gateway Partner and Access Partner Programs 10,000

NEW MINISTRIES INC

8010 E MORGAN TRL STE 7
SCOTTSDALE,AZ85258 		N/A PC to cover Fund travel, written & video material expenses 10,000

RVC SEATTLE

3715 S HUDSON ST STE 103
SEATTLE,WA98118 		N/A PC AGE UP - ALL Girl Everything Ultimate Program 5,000

SALT AND LIGHT COALITION NFP

222 W HUBBARD ST STE 300
CHICAGO,IL60654 		N/A PC Operating support 5,000

SISTERCARE INC

PO BOX 1029
COLUMBIA,SC29202 		N/A PC Children's Counseling Program 8,000

SPECIAL OLYMPICS GEORGIA INC

1120 DAHLONEGA HWY
CUMMING,GA30040 		N/A PC Sponsorship of GA State summer games 9,000

SYNGAP RESEARCH FUND INCORPORATED

PO BOX 1709
MILL VALLEY,CA94942 		N/A PC SRF Scientific Research Initiatives Fund 10,000

THE TRUST FOR PUBLIC LAND - GEORGIA OFFICE

600 W PEACHTREE ST NW STE 1840
ATLANTA,GA30308 		N/A PC Atlanta Community Schoolyards (ACS) Program & Expansion 10,000

UNIT SCHOLARSHIP FUND INC

PO BOX 73338
FORT BRAGG,NC28307 		N/A PC 2022 USF Merit Scholarship Fund for children & spouses of soldiers killed in action 10,000

UNIVERSITY OF UTAH

201 PRESIDENTS CIR RM 203
SALT LAKE CTY,UT84112 		N/A PC LGBTQ Resource Center - Student Scholarship Fund 5,000

UNIVERSITY OF UTAH

201 PRESIDENTS CIR RM 203
SALT LAKE CTY,UT84112 		N/A PC for photo story research led by Dr. Jaehee Yi; for Food Pantry to purchase freezer & stock shelves for food insecure students; for LGBT Resource Center program/staffing support 17,000

UTAH DOMESTIC VIOLENCE COUNCIL

124 S 400 E STE 430
SALT LAKE CTY,UT84111 		N/A PC UDVC LINKline - the Utah Domestic Violence Hotline 5,000

WELLSTAR FOUNDATION INC

805 SANDY PLAINS RD STE 100
MARIETTA,GA30066 		N/A PC Integrated Behavioral Health In Pediatrics 10,000
Total .................................right arrow 3a 400,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 90  
4 Dividends and interest from securities ....     14 230,527  
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 ............ 		    18 278,498  
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 -5,843 14 330  
bSec 751 Gain on Sale of Ptshp 525990 95,943      
cCLASS ACTION LAWSUIT PROCEEDS     01 57  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 90,100 509,502  
13Total. Add line 12, columns (b), (d), and (e)..................
13
599,602
(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

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

TY 2022 DepreciationSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
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

TY 2022 GeneralExplanationAttachment
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Identifier Return Reference Explanation
FORM 990-PF FORM 990-PF One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

TY 2022 InvestmentsCorpBondsSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Name of Bond End of Year Book Value End of Year Fair Market Value
AMAZON INC - 2.100% - 05/12/20 16,996 13,883
AT&T - 2.550% - 12/01/2033 15,249 13,833
BANK AMER CORP MTN - 2.884% - 17,920 14,304
CITIGROUP INC NOTE - 3.668% - 16,307 14,694
COMCAST CORP NOTE - 4.150% - 1 15,280 13,425
CVS CAREMARK CORP NOTE - 4.300 16,085 13,541
ENTERPRISE PRODUCTS OPERTATING 11,821 10,225
GOLDMAN SACHS - 3.800% - 03/15 18,339 14,384
JP MORGAN CHASE BANK - 4.203% 20,572 18,636
SHELL INT'L FINANCE - 2.875% - 16,081 15,067
VERIZON COMMUNICATIONS INC - 4 16,499 13,635
WELLS FARGO - 3.584% - 05/22/2 16,350 14,856

TY 2022 InvestmentsCorpStockSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Name of Stock End of Year Book Value End of Year Fair Market Value
ABB LTD 4,801 7,706
ABBOTT LABS 5,962 13,504
ABBVIE INC 15,650 29,090
ACCENTURE PLC 3,165 7,205
ACUSHNET HOLDINGS CORP 1,098 1,189
ADIENT PLC 1,032 1,422
ADOBE SYSTEMS, INC 2,026 4,038
ADVANCE AUTO PARTS INC 3,443 3,235
ADYEN N.V. 11,084 12,172
AIA GROUP LTD ADR 28,386 36,210
AIR PRODS & CHEM INC 13,927 25,277
AIRBUS GROUP 7,184 7,801
AKZO NOBEL NV-ADR 8,847 5,444
ALCON INC 11,626 12,065
ALFA LAVAL AB 4,063 6,030
ALLETE INC 1,618 1,484
ALLIANZ SE 16,954 18,576
ALTRA HLDGS INC 1,393 2,629
AMAZON COM 9,925 13,440
AMBEV SA 7,302 5,258
AMER EQ INV LIFE HLD 880 1,916
AMERICA MOVIL SA 9,580 12,321
AMERICAN TOWER REIT INC 5,235 4,661
AMPHENOL CORPORATION 4,615 7,919
ANGLO AM PLC ADR 11,288 12,080
ANHUI CONCH CEM ADR 12,241 7,469
AON PLC CL A 5,994 14,707
APPLE INC 4,469 9,615
APTIV PLC 2,581 2,887
ARCH CAPITAL GROUP LTD 14,271 22,977
ARCONIC CORP 1,041 1,037
ARISTA NETWORKS 5,410 8,616
ARMSTRONG WORLD INDU 3,508 3,430
ASE TECHNOLOGY HOLDINGS CO LTD 18,921 15,211
ASHLAND GLOBAL HOLDINGS 916 1,290
ASICS CORPORATION 3,185 3,895
ASM PACIFIC TECH 10,548 6,721
ASML HOLDING NV NY REG SHS 3,354 4,371
ASSURANT INC 1,298 1,251
ATKORE INTERNATIONAL GROUP INC 519 2,495
ATLAS COPCO AB A SHS ADR 8,529 15,340
ATLASSIAN CORP CL A 5,114 3,217
AUTOMATIC DATA PROCESSING INC 11,031 15,765
AVANOS MEDICAL, INC. 840 649
AVIENT 1,469 1,114
AXIS CAPITAL HOLDINGS LTD 596 596
BANCO BILBAO ARG SA 8,870 7,386
BANCO DO BRASIL S A SPONSORED 12,608 9,863
BANDAI NAMCO HOLDINGS INC 5,322 4,413
BANK OF NT BUTTERFIELD AND SON 703 715
BARCLAYS PLC ADR 10,016 7,465
BARNES GROUP INC 1,759 1,552
BB SEGURIDADE 9,030 10,099
BERKLEY W R CP 4,206 7,475
BERRY PLASTICS GROUP INC 2,059 3,022
BHP BILLITON LIMITED 17,029 13,961
BIDVEST GROUP LTD (ADR) 4,025 5,147
BLACK HILLS CORP 2,039 2,110
BLACK KNIGHT, INC 6,658 5,805
BLACKROCK HIGH YIELD BOND PORT 427,786 365,960
BLACKROCK INC 12,018 19,133
BP PLC SPONSORED ADR 11,274 15,334
BREAD FINANCIAL HOLDINGS 639 791
BROADCOM INC 17,234 29,075
BROOKFIELD ASSET MANAGEMENT LT 868 1,032
BROOKFIELD CORP ORD SHS CL A 3,705 4,593
BROWN & BROWN INC 6,426 10,824
BROWN FORMAN CORP CL B 1,640 2,364
BUREAU VERITAS SA 9,492 8,263
CACI INTL INC 1,049 1,202
CALAMOS MARKET NEUTRAL FD CL I 152,348 146,595
CALRSBERG AS SP ADR REP B 6,962 8,092
CANADIAN NATL RAILWAY CO 3,467 5,587
CARLISLE COS INC 6,561 9,426
CARMAX INC 6,964 6,454
CDW CORP 4,857 9,108
CHEVRON CORP 20,641 29,616
CHINA CONSTRUCT UNSPON ADR 20,306 15,860
CHINA MERCHANTS BANK 7,846 9,032
CHINA SHENHUA ADR 2,804 3,828
CHOICE HOTELS INTERNATIONAL IN 987 1,239
CHUGAI PHARMACEUTICAL CO., LTD 6,954 7,602
CIRRUS LOGIC INC 1,259 1,490
CISCO SYSTEMS INC 8,561 12,243
CNX RESOURCES CORP 1,167 1,953
COLUMBIA SPORTSWEAR CO 1,386 1,664
COMML INTL BK S/ADR 9,060 5,679
COMPAGNIE FINANCIERE RICHEMONT 5,347 5,556
COMPASS GROUP PLC ADR 9,513 10,518
CONCENTRIX CORP 464 1,332
CONTL AG SPONS ADR 8,847 5,319
COPART INC 4,257 8,464
CORNING INC 11,492 9,582
CRACKER BARREL OLD COUNTRY STO 1,486 1,137
CROWN CASTLE INTL 11,029 13,971
CSPC PHARMACEUTICALS GROUP 5,462 4,574
DAIFUKU CO LTD UNSPONSRED ADS 4,378 3,522
DAIKIN INDS LTD ADR 7,998 6,104
DAIWA HOUSE IND LTD 5,796 4,652
DASSAULT SYS SA SPN ADR 8,289 10,582
DBS GROUP HLDGS SPON ADR 14,985 27,066
DELEK US HLDGS INC 539 648
DEXCOM, INC 3,449 3,963
DIODES 1,239 1,447
DISCO CORPORATION 6,704 6,360
DOLLAR TREE INC 8,394 11,740
DRS TECHNOLOGIES INC 644 639
EAST WEST BANCORP, INC 1,964 3,361
EATON CORP PLC 16,907 21,031
ELI LILLY & CO 7,406 20,121
ENGIE 13,483 14,194
ENGIE BRASIL ENERGIA S A 7,121 6,031
ENN ENERGY HOLDINGS LIMITED 7,757 6,229
EPIROC AB 3,923 7,296
EQUINIX, INC 2,417 3,930
ESSENT GROUP LTD 1,511 1,322
ESTEE LAUDER COMPANIES INC 3,623 4,218
EVERSOURCE ENERGYINC 6,756 7,294
EXPEDITORS INTL WASH INC 2,917 4,676
F.N.B CORPORATION 2,614 3,328
FANUC LIMITED UNSPONSORED 4,217 3,093
FERGUSON PLC 3,343 6,475
FIDELITY NATIONAL INFORMATION 9,507 7,056
FIRST FINANCIAL BANCORP 1,543 1,696
FIRST INTERSTATE BANCSYSTEM IN 1,252 1,623
FLEXTRONICS INTERNATIONAL 775 1,953
FLOOR AND DECOR HOLDINGS 7,244 6,754
FLOWERS FOODS INC 1,104 1,150
FOMENTO ECONOMICO MEXICANO 13,095 13,671
FULLER H B CO 1,140 1,791
GALP ENERGIA 12,524 14,603
GARTNER INC 9,015 15,799
GAZPROM PJSC SPON ADR EA REP 2 5,461  
GLACIER BANCORP INC 3,282 4,398
GRAINGER W W INC 2,562 6,119
GREEK ORG FOOTBALL 7,340 7,035
GROUP 1 AUTOMOTIVE INC 1,530 1,804
GRUPO FIN ADR 5,319 7,094
H AND E EQUIPMENT SERVICES INC 753 1,317
HAIER SMART HOME ADR 13,499 12,765
HANCOCK WHITNEY CORPORATION 1,934 3,436
HANOVER INS GROUP 1,073 1,351
HDFC BANK LTD ADR 3,924 6,157
HENGAN INTL GRP ADR 16,378 11,259
HENKEL KGAA PFD SHS ADR 4,347 4,546
HIMAX TECHNOLOGIES - ADR 10,524 5,173
HOME DEPOT INC 9,730 18,320
HOPE BANCORP INC 1,527 1,255
HOYA CORP SPONS ADR 6,641 6,106
HSBC HOLDINGS PLC 6,333 7,011
HUNTSMAN CORP 1,034 1,676
ICICI BK LTD ADS 3,996 11,011
ICON PLC - AMERICAN DEPOSITARY 9,332 8,159
ILLINOIS TOOL WORKS 7,206 11,015
IMCD GROUP 3,080 3,141
INDEPENDENCE REALTY TR 1,202 1,281
INFINEON TECH ADS 22,785 25,447
INFOSYS TECH LTD SPD ADR 2,875 4,629
INTEGER HOLDINGS CORP 1,208 1,232
INTEGRA LIFESCIENCES HOLDINGS 1,624 1,906
INTEL CORP 3,760 2,326
INTUITIVE SURGICAL 4,894 4,776
ISHARES BARCLAYS US AGGREGATE 556,027 513,659
ISHARES S&P SMALLCAP 600 GROWT 112,463 140,599
ISHARES TR S & P MIDCAP 400 IN 75,677 107,157
ITT INC 1,274 2,595
J & J SNACK FOODS CORP 1,293 1,497
JONES LANG LASALLE INC PROP TR 288,755 336,763
KASIKORNBANK PUB CO LTD ADR CM 5,671 5,366
KB HOME 1,080 1,210
KBR INC 945 2,165
KEMPER CORP 868 640
KERING UNSPON ADR EA REPR 0.1 5,429 5,218
KEURIG DR PEPPER INC 12,855 12,196
KIMBERLY CLARK 9,067 8,116
KINDER MORGAN INC 4,420 4,502
KIRBY CORPORATION 897 1,287
KITE RLTY GROUP TRUST 1,135 1,305
KOMATSU LTD 5,601 5,916
KONINKLIJKE DSM NV ADR 6,722 7,853
KOOKMIN BANK 12,378 12,023
KT CORP ADS 7,916 7,101
KUBOTA CORPORATION 6,307 5,658
L'AIR LIQUIDE ADR OTC 14,168 15,724
L'OREAL ADR 9,650 15,533
LABORATORY CORP AMER HLDGS 6,488 9,655
LEGRAND INC 9,978 7,634
LENOVO GROUP LTD ADR 14,504 11,284
LEXINGTON REALTY TRUST 1,016 1,232
LIBERTY BROADBAND CORPORATION 10,290 9,152
LIBERTY MEDIA CORPORATION - SE 2,565 2,630
LIFE HEALTHCARE GR UNSPON ADR 6,620 4,621
LIFE STORAGE, INC 684 1,182
LINDE PLC COM 8,971 11,416
LOCKHEED MARTIN CORP 9,405 16,054
LONZA GROUP AG UNSP/ADR 5,324 7,800
LORD ABBETT INVESTMENT TRUST S 1,033,131 957,167
LOUISIANA PACIFIC CP 448 1,894
MADDEN STEVEN LTD 1,022 1,310
MAGNOLIA OIL + GAS CORPORATION 1,829 2,650
MANULIFE FIN CORP 8,504 8,670
MARKEL CORP 6,164 7,905
MARSH AND MCLENNAN COMPANIES I 12,838 22,671
MASTEC INC 1,831 4,011
MATADOR RESOURCES COMPANY 1,206 1,374
MCDONALD'S CORP 11,345 17,129
MEDTRONIC PLC 14,958 12,047
MERCK & CO INC 22,885 32,508
MERCK KGAA SPON ADR EACH REPR 8,953 11,072
MERITAGE CORPORATION 1,179 2,121
META PLATFORMS INC 6,249 4,934
METROPOLITAN BANK HOLDING CORP 957 645
MICROCHIP TECHNOLOGY INC 2,553 3,091
MICROSOFT CORP 12,585 33,335
MKS INSTRUMENTS, INC 9,687 7,456
MOBILE TELSYS OJSC 7,434  
MOELIS AND COMPANY 4,302 4,106
MOL MAGYAR RT S/ADR 4,085 3,802
MONDELEZ INTERNATIONAL INC 21,238 24,860
MONSTER BEVERAGE CORP 4,065 5,889
MTU AERO ENGINES 9,785 9,827
MURPHY OIL CP HLDG 1,805 2,021
NATL HEALTH INVESTOR 1,669 1,410
NCR CP 542 632
NEDBANK GROUP LTD S/ADR 7,218 9,297
NESTLE S.A 4,296 6,344
NETFLIX INC 7,823 6,782
NETSCOUT SYSTEMS, INC 1,245 1,300
NEXSTAR MEDIA GROUP, INC 998 1,050
NEXTERA ENERGY, INC 11,521 23,157
NIKE INC-CL B 6,536 5,851
NOMURA RESEARCH INST LTD 8,411 7,273
NOTORI HOLDINGS 6,932 5,291
NOVOZYMES A/S UNSP/ADR 3,707 3,532
NUVASIVE, INC 976 660
NVIDIA CORP 3,149 6,869
OGE ENERGY CORP 1,352 1,305
OIL CO LUKOIL PJSC SPON ADR RE 17,281 1,622
OLYMPUS CORP S/ADR 10,721 9,351
OUTFRONT MEDIA INC 1,666 1,625
PACCAR INC 8,933 9,699
PALO ALTO NETWORKS INC 1,432 5,303
PATTERSON-UTI ENERGY INC 1,622 1,987
PAYCHEX 6,146 10,285
PAYPAL HOLDINGS, INC 7,994 3,917
PEARSON PLC 2,393 3,133
PEPSICO INC 18,690 27,641
PERFORMANCE FOOD GROUP COMPANY 622 1,285
PERNOD RICARD S A SPONSORED AD 8,382 9,282
PETROBRAS DISTRIBUIDORA UNSPON 6,800 5,018
PETROLEO BRASILEIRO 9,828 9,276
PHILLIPS 66 6,143 6,141
PIMCO SHORT TERM FUND P 375,591 363,384
PING AN INSURANCE GROUP ADR 20,125 14,833
PNC FINANCIAL GROUP INC 20,900 21,954
POWER INTEGRATIONS, INC 1,443 1,219
PROCTER GAMBLE CO 22,287 25,614
PROGRESSIVE CORP OHIO 6,398 8,431
PROLOGIS 13,622 15,782
PRUDENTIAL JENNISON MLP Z 220,209 215,510
PT ASTRA INTL ADR 7,957 4,814
PT BK MANDIR PRS UNSP/ADR 7,047 10,659
PT TELEKOM. IND. TBK ADR 12,691 13,141
QUALCOMM INC 13,803 12,753
RAYTHEON TECHNOLOGIES CORP 6,625 8,679
REALTY INCOME CORP 16,885 16,238
REGAL REXNORD CORP 803 1,320
RELX PLC 12,611 16,188
RIO TINTO PLC SPONSORED ADR 8,183 10,751
ROCHE HOLDING LTD ADR 28,873 25,330
ROSS STORES, INC 11,762 15,669
RPT REALTY 594 743
RYANAIR HOLDINGS PLC-ADR COM 7,041 6,504
S&P GLOBAL INC COM 3,001 5,694
SAIA, INC 187 629
SALESFORCE.COM 7,175 4,641
SAMPO PLC UNSPONSORED ADR 9,300 10,223
SANDVIK AB SPONS ADR 5,484 4,561
SANDY SPRING BANCORP INC 489 669
SANLAM LTD SPONSORED ADR (SOUT 7,345 5,292
SAP AKTIENGESELL ADS 9,242 9,184
SBERBANK ROSSII PAO 6,001 4,103
SCHNEIDER ELEC UNSP/ADR 7,932 11,883
SEA LTD 4,318 1,821
SELECTIVE INS GROUP INC 804 1,329
SEMPRA ENERGY COM 12,654 16,227
SERVICE CP INTL 1,051 1,314
SHELL ADR EACH REPRESENTING 2 8,351 10,080
SHERWIN-WILLIAMS CO 4,050 3,797
SHIMANO INC UNSP ADR EACH REPR 10,326 8,415
SHINHAN FINL GROUP CO LTD 9,528 7,234
SHIONOGI & CO LTD 6,725 5,881
SHISEIDO CO LTD 5,351 5,368
SIEMENS HEALTHINEERS AG 4,922 5,410
SINOPHARM GROUP CO 9,998 9,405
SONOVA HOLDING AG AD 3,500 4,070
SOUTHWEST GAS CP 1,092 1,052
SPIRIT REALTY CAPITAL, INC 1,025 1,278
SPLUNK INC 3,973 3,788
STANDARD BANK GROUP SPON ADR 5,639 6,252
STARBUCKS CORP COM 15,909 23,312
STEWART INFORMATION SVCS CORP 1,653 1,068
STIFEL FINANCIAL CP 1,229 2,685
STRYKER CORPORATION 3,906 4,401
SUMITOMO MITSUI FINCL GRP 8,131 9,287
SUMMIT HOTEL PROPERTIES, INC 472 643
SUMMIT MATERIALS INC 1,015 1,249
SUNCOR ENERGY INC 9,378 10,249
SUZUKI MOTOR CORP UNSP ADR 7,263 4,757
SYMRISE AG UNSPONSORED 3,802 6,222
SYNNEX CORP 1,239 1,421
SYNOVUS FINL CP 1,407 2,178
SYSMEX CORP UNSP ASDR 4,634 4,539
TAIWAN SEMICONDUCTOR MFG CO LT 20,225 26,444
TAKE-TWO INTERACTIVE SOFTWARE 4,018 3,332
TELE NORTE CELULAR PARTICIPACO 790 571
TELEPERFORMANCE SA 5,560 4,051
TENCENT HOLDINGS LIMITED 14,076 11,564
TERNIUM S.A. ADS 6,822 4,553
TESLA MOTORS INC 1,346 1,109
TEXAS INSTRUMENTS INC 10,450 18,835
TEXAS ROADHOUSE, INC 992 1,273
THALES S.A. 8,627 8,750
THERMO FISHER SCIENTIFIC INC 2,141 7,710
THOR INDS INC 5,299 4,076
TINGYI CAYMAN ISLANDS HLDGS CO 10,520 9,485
TOWER SEMICONDCTOR LTD 265 648
TRACTOR SUPPLY CO COM 1,640 2,250
TRUIST FINANCIAL CORPORATION 21,082 20,396
TTM TECHNOLOGIES INC 1,454 1,930
UBER 3,411 2,250
UMPQUA HOLDINGS CORPORATION 1,174 2,231
UNICHARM CORP - SPN ADR 6,083 6,861
UNIFIRST CP 1,547 1,930
UNILEVER PLC AMER 25,512 23,614
UNITED PARCEL SERVICE 20,329 21,904
UNITED TRACTORS UNSPON ADR 6,304 4,679
UNITEDHEALTH GROUP INC 3,978 11,664
UNITY SOFTWARE INC 1,731 1,115
UNIVERSAL MUSIC GROUP 6,877 7,584
US BANCORP 16,500 14,217
VALE SA 7,283 9,028
VALLEY NATL BANCORP 1,705 2,047
VANGUARD FTSE DEVELOPED MARKET 206,256 221,560
VANGUARD FTSE EMERGING MARKETS 145,350 142,550
VANGUARD GROWTH ETF 190,237 334,583
VANGUARD VALUE ETF 147,941 217,714
VESTAS WIND SYS UNSP/ADR 6,181 6,365
VIAVI SOLUTIONS INC 1,076 998
VISA INC 6,866 12,258
VISHAY INTERTECH 586 755
VODACOM GROUP LIMITE 6,877 5,232
VONOVIA SE 8,432 4,909
WEBSTER FINL CORP 2,606 3,456
WEC ENERGY GROUP, INC 6,459 9,564
WEICHAI POWER CO LTD 8,932 9,324
WERNER ENTERPRISES INC 1,332 1,651
WESCO INTL INC 787 3,005
WESTERN ALLIANCE BANCORPORATIO 1,256 2,085
WESTERN ASSET SMASH SERIES C F 95,004 89,602
WESTERN ASSET SMASH SERIES EC 359,796 257,969
WESTERN ASSET SMASH SERIES M F 160,851 119,780
WILLIAMS COS 8,321 8,883
WOLTERS KLUWER S/ADR 3,338 8,275
WOODSIDE ENERGY GROUP 1,743 1,961
WORKDAY INC 4,249 3,012
XP INC CL A 5,911 2,884
YAMAHA CORP SPONS ADR 3,751 3,810
YANDEX N V 1,850 1,819
ZOETIS INC 3,500 6,595
ZOZO INC. ADR 4,601 4,735
ZURN WATER SOLUTIONS 1,007 1,248

TY 2022 InvestmentsGovtObligationsSch
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
US Government Securities - End of Year Book Value:

344,277
US Government Securities - End of Year Fair Market Value:

312,901
State & Local Government Securities - End of Year Book Value:


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


 


TY 2022 OtherExpensesSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 52,989     52,989
Bank Charges 2,727 2,727    
K-1 Exp CRESTWOOD EQUITY PARTN 174 2    
K-1 Exp DCP MIDSTREAM LP 26      
K-1 Exp ENERGY TRANSFER LP 1,113 63    
K-1 Exp ENTERPRISE PRODUCTS PA 2      
K-1 Exp MAGELLAN MIDSTREAM PAR 3      
K-1 Exp PLAINS ALL AMERICAN PI 482 300    
K-1 Exp WESTERN MIDSTREAM PART 5      
Postage/Delivery Service 17     17
State or Local Filing Fees 30     30


TY 2022 OtherIncomeSchedule2
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss CRESTWOOD EQUITY PARTNERS LP -1,158 -3  
K-1 Inc/Loss DCP MIDSTREAM LP -573 -7  
K-1 Inc/Loss ENERGY TRANSFER LP -465 303  
K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP -1,024 -8  
K-1 Inc/Loss MAGELLAN MIDSTREAM PARTNERS LP -640    
K-1 Inc/Loss MPLX LP -250 48  
K-1 Inc/Loss PLAINS ALL AMERICAN PIPELINE LP 883 -4  
K-1 Inc/Loss WESTERN MIDSTREAM PARTNERS, LP -2,286 1  
Class Action Lawsuit Proceeds 57 57  
Sec 751 Gain on Sale CRESTWOOD EQUITY PARTNERS LP 2,163    
Sec 751 Gain on Sale DCP MIDSTREAM LP 731    
Sec 751 Gain on Sale ENERGY TRANSFER LP 18,433    
Sec 751 Gain on Sale ENTERPRISE PRODUCTS PARTNERS 17,455    
Sec 751 Gain on Sale MAGELLAN MIDSTREAM PARTNERS L 8,308    
Sec 751 Gain on Sale MPLX LP 21,132    
Sec 751 Gain on Sale PLAINS ALL AMERICAN PIPELINE 19,058    
Sec 751 Gain on Sale WESTERN MIDSTREAM PARTNERS, L 8,663    


TY 2022 OtherProfessionalFeesSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 58,133 58,133    


TY 2022 TaxesSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2022 3,300      
990-PF Extension for 2021 6,100