TY 2023 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

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
THE VOLCKER FAMILY FOUNDATION INC
FAIRFIELD-MAXWELL LTD

Number and street (or P.O. box number if mail is not delivered to street address)60 EAST 42ND STREET 55 FL
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10165

A Employer identification number

13-3917327

B Telephone number (see instructions)

(212) 297-9030

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

$28,459,817J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	149,612		149,612
4	Dividends and interest from securities...	531,545		531,545
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-328,695
b	Gross sales price for all assets on line 6a 7,871,110
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	41,682	41,682
12	Total. Add lines 1 through 11........	394,144		722,839
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	9,448	4,724	4,724
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	132,485	132,485	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
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	3,002	0	3,002
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	144,935		137,209	7,726
25	Contributions, gifts, grants paid.......	880,000			880,000
26	Total expenses and disbursements. Add lines 24 and 25	1,024,935		137,209	887,726
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-630,791
b	Net investment income (if negative, enter -0-)			585,630
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

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.............	42,428	206,603	206,603
	2	Savings and temporary cash investments.........	1,015,428	266,500	266,500
	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)
	b	Investments—corporate stock (attach schedule).......	11,031,035	List of Attached Documents: // Content 14,440,841	17,189,261
	c	Investments—corporate bonds (attach schedule).......	2,984,486	List of Attached Documents: // Content 5,090,564	5,137,581
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	11,594,942	List of Attached Documents: // Content 6,033,020	5,659,872
	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)	26,668,319	26,037,528	28,459,817
	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...........	26,668,319	26,037,528
	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
	29	Total net assets or fund balances (see instructions).....	26,668,319	26,037,528
	30	Total liabilities and net assets/fund balances (see instructions).	26,668,319	26,037,528

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

26,668,319

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

-630,791

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

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

26,037,528

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 .

26,037,528

Form 990-PF (2023)

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
c
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	7,871,110	8,199,805	-328,695
b
c
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			-328,695
b
c
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	-328,695
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

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	8,140
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	8,140
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	8,140
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	24,830
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	24,830
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		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	16,690
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax16,690	Refunded	11	0

Form 990-PF (2023)

Page 4

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

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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....

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

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 2023 or the taxable year beginning in 2023? 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. ...............................

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

N/A

The books are in care of right arrow

ANTHONY DOWD Telephone no. right arrow

(212) 297-9030

Located at right arrow

60 EAST 42ND STREET 55 FLNEW YORKNY ZIP+4 right arrow

10165

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 2023, 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

Form 990-PF (2023)

Page 5

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)

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)

(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 2023? .............

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 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

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 2023 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 2023.) .....................

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 2023? ..

Form 990-PF (2023)

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
ANKE M DENING-VOLCKER	PRESIDENT 0.50	0	0	0
VFF 60 EAST 42ND STREET 55 FL NEW YORK,NY10165	PRESIDENT 0.50	0	0	0
ANTHONY J DOWD	SECRETARY AND TREASURER 1.00	0	0	0
VFF 60 EAST 42ND STREET 55 FL NEW YORK,NY10165	SECRETARY AND TREASURER 1.00	0	0	0
ERNESTO V LUZZATTO	ASSISTANT SECRETARY AND TREASURER 1.00	0	0	0
VFF 60 EAST 42ND STREET 55 FL NEW YORK,NY10165	ASSISTANT SECRETARY AND TREASURER 1.00	0	0	0
JAMES P VOLCKER	DIRECTOR 0.50	0	0	0
VFF 60 EAST 42ND STREET 55 FL NEW YORK,NY10165	DIRECTOR 0.50	0	0	0
JANICE VOLCKER ZIMA	DIRECTOR 0.50	0	0	0
VFF 60 EAST 42ND STREET 55 FL NEW YORK,NY10165	DIRECTOR 0.50	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
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right 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 (2023)

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

26,551,921

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

639,642

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

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

27,191,563

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

27,191,563

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

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

407,873

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

26,783,690

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

1,339,185

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

1,339,185

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

8,140

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

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

8,140

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

1,331,045

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

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

1,331,045

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

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

1,331,045

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 ..........

887,726

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. .......

887,726

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					1,331,045
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......	128,760
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........		128,760
4Qualifying distributions for 2023 from Part
XI, line 4: $ 887,726
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					887,726
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		128,760			128,760
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					314,559
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

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 2023, 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) 2023	(b) 2022	(c) 2021	(d) 2020	(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).)

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 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 (2023)

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
ISLES INC 10 WOOD STREET TRENTON,NJ08618		PC	TO ASSIST THE START UP OF THE SOCIAL NONPROFIT CENTER	30,000
THE VOLCKER ALLIANCE 560 LEXINGTON AVENUE 16B NEW YORK,NY10022		PC	FOR SUPPORT OF THE PAUL A. VOLCKER FUND	850,000
Total ................................. 3a				880,000

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2023)

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	149,612
4 Dividends and interest from securities ....			14	531,545
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			14	41,682
8 Gain or (loss) from sales of assets other than inventory ............			18	-328,695
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		394,144	0

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

394,144

(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 (2023)

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 (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	9,448	4,724		4,724

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Name of Bond	End of Year Book Value	End of Year Fair Market Value
45000 TOYOTA MTR CORP	42,724	44,508
33000 CAP ONE FINL CO	33,037	32,773
105000 HORMEL FOODS CORP	99,510	102,900
28000 MARSH & MCLENNAN COS INC	27,738	27,736
100000 CITIGROUP INC	99,155	99,150
80000 PAYPAL HOLDINGS INC	77,198	78,302
29000 CATERPILLAR FINL SVC	28,053	28,278
56000 AMERN EXPRESS CO	55,316	55,570
37000 CENCORA INC	36,507	36,220
80000 AMPHENOL CORP	75,762	77,215
67000 CHUBB INA HOLDINGS INC	66,212	65,518
42000 ANALOG DEVICES INC	41,135	41,099
34000 FL PWR & LT CO	33,811	33,198
32000 ALTRIA GROUP INC	29,941	30,861
33000 CATERPILLAR FINL SVC	33,113	32,436
32000 INTERCONTINENTALEXCHANGE	32,199	31,415
33000 TRUIST FINL CORP	33,146	32,241
54000 ABBOTT LABORATORIES	53,973	53,444
100000 RLTY INCOME CORP	100,111	99,917
37000 PUB STORAGE	33,682	34,227
33000 TYCO ELECTRONICS GROUP S	33,029	32,306
32000 PHILIP MORRIS INTL INC	31,170	30,661
32000 ELECTR ARTS INC	32,693	32,052
80000 NVIDIA CORP	77,523	77,823
55000 RTX CORP	51,548	52,046
33000 ANALOG DEVICES INC	33,089	32,237
35000 TARGET CORP	32,863	32,654
28000 GOLDMAN SACHS GROUP INC	26,804	27,230
41000 MASTERCARD INC	40,835	39,759
31000 PROLOGIS LP	28,111	28,636
36000 VISA INC	33,636	33,462
54000 AON CORP/AON GOLBAL HOLD	50,655	51,012
33000 PAYPAL HOLDINGS INC	33,196	32,450
37000 AMAZON.COM INC	33,273	33,373
115000 INTUIT INC	100,997	103,648
65000 COMCAST CORP	67,192	67,186
60000 GEN DYNAMICS CORP	54,692	56,149
30000 BK OF AMER CORP	28,730	29,155
34000 CHEVRON USA INC	34,294	33,531
75000 ECOLAB INC	77,162	77,408
37000 APPLE INC	32,846	32,919
80000 ELEVANCE HEALTH INC	79,261	78,827
105000 WELLS FARGO & CO	99,190	100,172
70000 SALESFORCE INC	68,897	68,590
37000 ASTRAZENECA FIN LLC	33,293	33,105
85000 MORGAN STANLEY	81,130	81,145
21000 DUKE ENERGY PROGRESS LLC	20,736	20,381
31000 INTERCONTINENTALEXCHANGE	29,381	30,181
112000 BP CAP MARKETS PLC	107,500	108,634
33000 AON CORP	33,251	32,595
33000 UN PAC CORP	32,700	32,214
43000 DUKE ENERGY PROGRESS LLC	40,076	41,010
44000 PUB STORAGE	41,124	41,970
33000 UNITEDHEALTH GROUP INC	33,678	32,515
54000 ENTERPRISE PRODUCTS OPER	48,504	50,507
85000 BK OF NY MELLON CORP	78,640	79,545
38000 WALT DISNEY COMPANY/THE	33,967	33,717
30000 THERMO FISHER SCIENTIFIC	26,907	27,323
115000 S&P GLOBAL INC	101,900	103,512
46000 PNC FINL SERVICES	40,526	40,240
31000 ECOLAB INC	32,736	31,787
34000 NVIDIA CORP	31,469	31,444
38000 PROLOGIS LP	33,556	33,219
35000 COSTCO WHSL CORP	29,795	29,982
63000 CAMDEN PPTY TR	54,716	56,336
41000 LINDE INC/CT	33,356	33,934
88000 AUTOMATIC DATA PROCESSNG	73,014	73,247
44000 GILEAD SCIENCES INC	35,815	36,866
32000 COMCAST CORP	32,638	31,539
75000 ALLSTATE CORP	58,744	60,584
85000 MID-AMERICA APARTMENTS	68,695	68,917
65000 AMGEN INC	54,634	55,601
40000 PEPSICO INC	33,672	33,077
125000 ST STR CORP	103,974	104,037
38000 COCA-COLA CO/THE	33,084	32,786
90000 UN PAC CORP	77,976	78,236
75000 RTX CORP	60,653	60,961
67000 WALMART INC	55,934	56,772
37000 BK OF NY MELLON CORP	32,904	31,576
100000 BK OF AMER CORP	84,983	84,443
37000 MORGAN STANLEY	28,968	29,753
80000 UNITEDHEALTH GROUP INC	76,503	78,282
33000 LOCKHEED MARTIN CORP	33,045	31,824
80000 PEPSICO INC	77,658	78,254
112000 META PLATFORMS INC	96,582	106,528
55000 WALMART INC	55,621	54,971
94000 CHURCH & DWIGHT CO INC	100,617	100,726
75000 LOCKHEED MARTIN CORP	79,939	79,548
96000 WASTE CONNECTIONS INC	84,504	93,213
75000 GOLDMAN SACHS GROUP INC	80,223	82,381
50000 HONEYWELL INTL	52,026	52,305
100000 ASTRAZENECA FIN LLC	102,719	103,413
62000 BK OF AMER CORP	57,696	59,097
72000 ANHEUSER-BUSCH INBEV WOR	76,719	81,403
70000 ENTERGY AR LLC	68,074	71,651

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Name of Stock	End of Year Book Value	End of Year Fair Market Value
682 ABBVIE INC	103,688	105,690
1085 ACCENTURE PLC-CL A	314,844	380,737
2305 BRISTOL-MYERS SQUIBB CO	134,929	118,270
6607 COMCAST CORP-CLASS A	304,457	289,717
2001 CONOCOPHILLIPS	195,839	232,256
238 DEERE & CO	89,937	95,169
523 HCA HEALTHCARE INC	135,091	141,566
813 HOME DEPOT INC	254,091	281,745
2171 INTERCONTINENTAL EXCHANGE INC	237,720	278,822
551 INTUIT INC	222,261	344,392
12272 KENVUE INC	269,699	264,216
348 LAM RESEARCH CORP	199,667	272,574
1142 MARSH & MCLENNAN COS	158,544	216,375
795 MASTERCARD INC - A	290,903	339,075
1164 MCDONALD'S CORP	263,267	345,138
1848 MICROSOFT CORP	456,198	694,922
3412 MORGAN STANLEY	271,723	318,169
3946 NEXTERA ENERGY INC	284,305	239,680
2126 NIKE INC -CL B	301,649	230,820
1170 NXP SEMICONDUCTORS NV	196,019	268,726
1626 PEPSICO INC	237,068	276,160
2786 PHILIP MORRIS INTERNATIONAL	267,216	262,107
290 S&P GLOBAL INC.	100,574	127,751
637 ROCKWELL AUTOMATION INC	136,752	197,776
841 SHERWIN-WILLIAMS CO/THE	208,315	262,308
889 STRYKER CORP	246,836	266,220
1937 TEXAS INSTRUMENTS INC	355,946	330,181
751 TRACTOR SUPPLY COMPANY	152,093	161,488
748 UNION PACIFIC CORP	157,114	183,724
1059 UNITED HEALTH GROUP INC	397,752	557,528
92957.524 JPM GRWTH ADVANTAGE FD - CL I	3,142,684	3,021,120
14450 NESTLE SA-REG	0	1,674,116
154 ACCENTURE PLC-CL A	43,614	54,040
1035 ADVANTEST CORP - SPON ADR	37,075	34,931
4882 ADYEN NV-UNSPON ADR	82,691	62,880
576 ARCH CAPITAL GROUP LTD	40,897	42,780
176 AON PLC-CLASS A	44,129	51,220
100 ASM INTERNATIONAL-NY REG SHS	36,734	51,920
90 ASML HOLDING NV-NY REG SHS	56,155	68,123
666 ASTRAZENECA PLC-SPONS ADR	43,390	44,855
2104 ATLAS COPCO AB-SPONS ADR A	31,842	36,210
309 ATLASSIAN CORP-CL A	78,993	73,499
920 BAE SYSTEMS PLC - SPON ADR	48,136	53,193
507 CANADIAN NATRUAL RESOURCES	33,610	33,219
1100 CANADIAN PACIFIC KANSAS CITY	83,540	86,966
1112 COMPASS GROUP PLC-SPON	30,710	30,925
97 EPAM SYSTEMS INC	44,404	28,842
403 EVOLUTION AB	63,280	48,122
1144 EXPERIAN PLC-SPONS ADR	41,777	46,607
275 FERGUSON PLC	40,666	53,094
230 FERRARI NV	47,475	77,839
1802 ICICI BANK LTD-SPON ADR	40,304	42,960
274 ICON PLC	64,480	77,561
452 LOREAL-UNSPONSORED ADR	41,852	44,933
106 LINDE PLC	35,525	43,535
287 LVMH MOET HENNESSY-UNSP ADR	40,718	46,623
45 MERCADOLIBRE INC	63,787	70,719
381 NESTLE SA-SPONS ADR	45,232	44,055
913 NOVO-NORDISK A/S-SPONS ADR	54,285	94,450
23310.2 PROCEEDS FROM PENDING SALES	23,310	23,310
1124 SAFRAN SA-UNSPON ADR	49,482	49,602
870 SCHNEIDER ELECT SE-UNSP ADR	27,299	35,000
204 STERIS PLC	40,365	44,849
259 THOMSON REUTERS CORPORATION	29,686	37,871
1023 UBS GROUP AG-REG	31,693	31,611
263 WASTE CONNECTIONS INC	37,666	39,258
495 ALLSTATE CORP PFD	13,062	10,499
26000 ALLY FINL INC	26,325	19,502
735 AMERICAN EQUITY INVESTMENT	19,589	15,905
14000 AMERN INTL GROUP	16,045	13,779
250 APOLLO GLOBAL MANAGEMENT	6,518	6,868
420 ASPEN INSURANCE HLDG LTD	11,392	10,576
985 AT&T INC	25,127	19,434
620 ATHENE HOLDING LTD PFD	17,758	13,938
910 ATHENE HOLDING LTD	25,491	22,040
19000 BK OF AMER CORP	21,528	18,825
54000 BK OF AMER CORP	62,022	53,738
31000 BK OF AMER CORP	28,794	29,678
30000 BK OF AMER CORP	29,844	30,072
48000 CAP ONE FINL CO	49,093	38,469
93000 CHARLES SCHWAB CORP	101,881	91,709
22000 CITIGROUP INC	22,106	22,266
17000 CITIGROUP INC	17,068	17,359
97000 CITIGROUP INC	112,504	95,739
490 CITIZENS FINANCIAL GROUP	13,619	11,760
42000 DISCOVER FINL SVS	44,058	33,747
15000 DISCOVER FINL SVS	17,376	14,493
28000 EDISON INTL	26,047	26,071
32000 ENBRIDGE INC	34,506	29,520
1015 FIFTH THIRD BANCORP PFD	28,380	25,852
16000 GEN MOTORS FINL CO	18,483	14,776
74000 GEN MOTORS FINL CO	80,818	65,638
37000 GOLDMAN SACHS GROUP INC	37,296	38,661
72000 GOLDMAN SACHS GROUP INC	80,924	70,327
21000 GOLDMAN SACHS GROUP INC	23,211	20,707
70000 HUNTINGTON BANCSHARES	80,374	63,199
480 KEYCORP PFD	11,990	10,301
41000 KEYCORP	45,336	32,837
10000 M&T BK CORP	11,277	8,638
19000 M&T BK CORP	20,480	17,169
31000 MARKEL CORP	34,473	30,650
980 MORGAN STANLEY	27,538	24,265
2040 MORGAN STANLEY	58,227	51,184
45000 PNC FINL SERVICES	42,938	42,616
29000 PNC FINL SERVICES	29,056	28,195
1790 REGIONS FINANCIAL CORP - PFD	51,021	41,242
380 REGIONS FINANCIAL CORP	10,396	8,098
24000 SEMPRA ENERGY	26,332	23,478
340 STATE STREET CORP	9,672	8,510
30000 TRANSCANANDA TR	24,406	25,132
67000 TRUIST FINL CORP	71,834	61,596
62000 TRUIST FINL CORP	62,051	56,185
1210 VOYA FINANCIAL INC PFD	35,026	28,108
53000 WELLS FARGO & CO	58,818	52,448
29000 WELLS FARGO & CO	29,218	30,430
68000 WELLS FARGO & CO	63,909	62,829
268 ABM INDUSTRIES INC. TICKER:ABM	11,879	12,014
441 AIR LEASE CORP TICKER:AL	18,694	18,496
287 ALLISON TRANSMISSION HOLDING	12,067	16,689
420 BANK OZK	16,711	20,929
544 BROOKFIELD INFRASTRUCTURE-A	21,988	19,192
210 BRUNSWICK CORP	15,821	20,318
278 BWX TECHNOLOGIES INC	15,486	21,331
21 CABLE ONE INC	15,844	11,688
215 CABOT CORP	14,803	17,953
82 CASEY'S GENERAL STORES INC	18,958	22,529
35 CHEMED CORP	17,480	20,466
141 CHESAPEAKE UTILITIES CORP	16,932	14,894
128 CHORD ENERGY CORP	17,585	21,277
291 CIVITAS RESOURCES INC	18,087	19,899
250 COGENT COMMUNICATIONS HOLDIN	16,368	19,015
264 COHEN & STEERS INC	18,371	19,993
116 CONCENTRIX CORP	9,653	11,392
165 CRA INTERNATIONAL INC	18,946	16,310
764 ELEMENT SOLUTIONS INC	14,655	17,679
333 ENCOMPASS HEALTH CORP	20,368	22,218
285 ENSIGN GROUP INC/THE	26,826	31,980
1013 EXP WORLD HOLDINGS INC	13,095	15,722
130 FEDERAL AGRIC MTG CORP-CL C	15,464	24,859
259 HAMILTON LANE INC-CLASS A	18,309	29,381
855 HOME BANCSHARES INC	18,845	21,657
189 INSPERITY INC	20,676	22,155
173 INTER PARFUMS INC	19,044	24,914
241 KFORCE INC	14,299	16,282
53 KINSALE CAPITAL GROUP INC	15,113	17,750
291 KULICKE & SOFFA INDUSTRIES	14,226	15,924
334 LAKELAND FINANCIAL CORP	22,596	21,763
83 LANDSTAR SYSTEM INC	13,685	16,073
342 LEMAITRE VASCULAR INC	15,803	19,412
69 LITTELFUSE INC	16,544	18,462
205 MATERION CORP	18,419	26,677
401 NEXPOINT RESIDENTIAL	18,001	13,806
116 NEXSTAR MEDIA GROUP INC	20,615	18,183
584 NORTHERN OIL AND GAS INC	18,076	21,649
212 PAPA JOHN'S INTL INC	16,950	16,161
563 PERRIGO CO PLC	20,202	18,117
209 POWER INTEGRATIONS INC	17,012	17,161
85 QUAKER CHEMICAL CORP	15,802	18,141
225 SCHNEIDER NATIONAL INC-CL B	5,782	5,726
672 SHOE CARNIVAL INC	16,703	20,301
359 SHUTTERSTOCK INC	19,505	17,333
153 STANDEX INTERNATIONAL CORP	16,852	24,232
772 STEVANATO GROUP SPA	14,858	21,068
298 TERRENO REALTY CORP	18,576	18,676
119 TETRA TECH INC	17,586	19,865
402 TRAVEL + LEISURE CO	16,041	15,714
205 U.S. PHYSICAL THERAPY INC	18,610	19,094
134 UFP INDUSTRIES INC	11,785	16,824
1092 UMH PROPERTIES INC	18,131	16,729
76 UNIFIRST CORP/MA	14,367	13,901
152 UNIVERSAL DISPLAY CORP	19,279	29,072
1361 UTZ BRANDS INC	22,088	22,103
77 VALMONT INDUSTRIES	18,498	17,980
105 WINGSTOP INC	14,662	26,934

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
26815 JPMORGAN REALTY INCOME ETF	FMV	1,596,920	1,206,849
323847.85 JPM MANAGED INCOME FD - USD - L	FMV	3,247,745	3,241,717
30505.53 JPM 100% US TREAS FD - PREMIER FUND	FMV	30,506	30,506
137 ISHARES MSCI THAILAND ETF	FMV	9,388	8,749
649 ISHARES MSCI SOUTH KOREA ETF	FMV	39,350	42,529
1476.352 EATON VANCE GREATER INDIA	FMV	48,225	55,186
1404.435 COLUMBIA GREATER CHINA-I3	FMV	60,922	46,726
8768.425 CULLEN EMG MKTS DIV-I	FMV	99,000	104,081
2583 ISHARES MSCI BRAZIL ETF	FMV	80,843	90,302
1497 ISHARES LATIN AMERICA 40 ETF	FMV	34,321	43,503
1894 ISHARES MSCI CHINA ETF	FMV	88,971	77,162
2342 ISHARES MSCI TAIWAN ETF	FMV	130,786	107,802
2036 ISHARES MSCI CHILE ETF	FMV	54,766	57,436
2115 ISHARES MSCI SOUTH AFRICA ETF	FMV	97,940	88,386
1611 ISHARES MSCI MEXICO ETF	FMV	77,467	109,306
2130 ISHARES MSCI INDONESIA ETF	FMV	49,513	47,542
2539 ISHARES MSCI INDIA ETF	FMV	96,084	113,786
562.873 MATTHEWS CHINA FUND-INS	FMV	8,601	6,529
10259.428 WASATCH EMERGING INDIA-INST	FMV	63,261	64,737
1251.28 MFS EMERG MRKTS DEBT-R6	FMV	14,139	14,953
10976.9 DOUBLELINE LOW DUR EMG-I	FMV	104,272	102,085

- TIN:

TY 2023 OtherExpensesSchedule

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INSURANCE EXPENSE	2,436	0		2,436
MISCELLANEOUS EXPENSES	566	0		566

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INVESTMENT INCOME	35,055	35,055	35,055
MISCELLANEOUS INCOME	6,627	6,627	6,627

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	132,485	132,485		0