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 FOURTEN FOUNDATION
C/O PKF O'CONNOR DAVIES ADVISORY LLC

Number and street (or P.O. box number if mail is not delivered to street address)20 COMMERCE DRIVE 301
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CRANFORD, NJ07016

A Employer identification number

86-3735206

B Telephone number (see instructions)

(908) 272-6200

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

$40,996,719J Accounting method: Cash Accrual
Other (specify)modified cash
(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	3,550		3,550
4	Dividends and interest from securities...	726,989		726,989
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-443,359
b	Gross sales price for all assets on line 6a 6,706,823
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).......
12	Total. Add lines 1 through 11........	287,180		730,539
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).........	List of Attached Documents: // Content	34,604	0	34,604
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	14,775	0	14,775
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	217,774	217,774	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	8,122	8,122	0
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	3,117	3,092	25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	278,392		228,988	49,404
25	Contributions, gifts, grants paid.......	1,853,500			1,853,500
26	Total expenses and disbursements. Add lines 24 and 25	2,131,892		228,988	1,902,904
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,844,712
b	Net investment income (if negative, enter -0-)			501,551
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.............
	2	Savings and temporary cash investments.........	635,133	590,763	590,763
	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).......	8,515,791	List of Attached Documents: // Content 9,729,170	9,729,170
	c	Investments—corporate bonds (attach schedule).......	7,423,230	List of Attached Documents: // Content 7,878,720	7,878,720
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	20,007,402	List of Attached Documents: // Content 22,798,066	22,798,066
	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)	36,581,556	40,996,719	40,996,719
	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...........	36,581,556	40,996,719
	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).....	36,581,556	40,996,719
	30	Total liabilities and net assets/fund balances (see instructions).	36,581,556	40,996,719

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

36,581,556

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

-1,844,712

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

List of Attached Documents:

// Content

6,259,875

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

40,996,719

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 .

40,996,719

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
1 a	SALE OF PUBLICLY TRADED SECURITIES	D
b	SALE OF DONATED SECURITIES	P
c	CAPITAL GAINS DIVIDENDS	P
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	204,964	134,682	70,282
b	6,501,833	7,015,500	-513,667
c	26		26
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			70,282
b			-513,667
c			26
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	-443,359
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	6,972
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	6,972
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	6,972
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	41,359
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	41,359
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	34,387
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax34,387	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 Click to see attachment

List of Attached Documents:

// Content

....

Yes

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

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

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

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

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 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 Click to see attachment

List of Attached Documents:

// Content

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

Yes

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

UBS PRIVATE WEALTH MANAGEMENT Telephone no. right arrow

(704) 362-8248

Located at right arrow

6100 FAIRVIEW ROAD 9TH FLCHARLOTTENC ZIP+4 right arrow

28210

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)

Yes

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

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 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
GEORGE F OHRSTROM	PRESIDENT, SEC. & DIRECTOR 0.50	0	0	0
C/O PKFOD LLP 20 COMMERCE DRIVE STE 301 CRANFORD,NJ07016	PRESIDENT, SEC. & DIRECTOR 0.50	0	0	0
CLARKE OHRSTROM	VP, TREASURER, & DIRECTOR 0.50	0	0	0
C/O PKFOD LLP 20 COMMERCE DRIVE STE 301 CRANFORD,NJ07016	VP, TREASURER, & DIRECTOR 0.50	0	0	0
WRIGHT OHRSTROM	DIRECTOR 0.50	0	0	0
C/O PKFOD LLP 20 COMMERCE DRIVE STE 301 CRANFORD,NJ07016	DIRECTOR 0.50	0	0	0
WINIFRED O NICHOLS	DIRECTOR 0.50	0	0	0
C/O PKFOD LLP 20 COMMERCE DRIVE STE 301 CRANFORD,NJ07016	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
UBS FINANCIAL SERVICES INC	INVESTMENT MANAGEMENT FEES	217,774
6100 FAIRVIEW ROAD 9TH FLOOR CHARLOTTE,NC28210	INVESTMENT MANAGEMENT FEES	217,774

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

38,616,533

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

293,896

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

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

38,910,429

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

38,910,429

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

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

583,656

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

38,326,773

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

1,916,339

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

1,916,339

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

6,972

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

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

6,972

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

1,909,367

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

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

1,909,367

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

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

1,909,367

Part XI

Qualifying Distributions (see instructions)

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

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

1,902,904

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,902,904

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				1,909,367
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			1,609,662
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 1,902,904
a Applied to 2022, but not more than line 2a			1,609,662
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.....				293,242
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2023.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 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 ..........				1,616,125
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
ADVENTURE SCIENTISTS PO BOX 1834 BOZEMAN,MT59771	N/A	PC	GENERAL OPERATIONS	50,000
AFFTA FISHERIES FUND 280 WEST KAGY BLVD SUITE D223 BOZEMAN,MT59715	N/A	PC	GENERAL OPERATIONS	30,000
BLACK ROCK FOREST CONSORTIUM 65 RESERVOIR ROAD CORNWALL,NY12518	N/A	PC	GENERAL OPERATING EXPENSES TO SUPPORT BLACK ROCK FOREST'S OPERATIONS AND RESEARCH, EDUCATION AND CONSERVATION PROGRAMS.	30,000
GALLATIN VALLEY LAND TRUST 212 S WALLACE AVE 101 BOZEMAN,MT59715	N/A	PC	SECOND EDITION OF WHITNEY TILT'S FLORA OF YELLOWSTONE BOOK	13,500
JOHNS HOPKINS UNIVERSITY - DEPARTMENT OF NEUROLOGY 550 NORTH BROADWAY SUITE 727 BALTIMORE,MD21205	N/A	PC	NEUROSURGERY RISING PROFESSORSHIP	50,000
MIDDLEBURG HUMANE FOUNDATION PO BOX 684 MARSHALL,VA20116	N/A	PC	GENERAL OPERATIONS	10,000
NATIONAL PARK FOUNDATION 1500 K STREET NW SUITE 700 WASHINGTON,DC20005	N/A	PC	GENERAL OPERATIONS	50,000
NORTH YELLOWSTONE EDUCATION FOUNDATION PO BOX 166 GARDINER,MT59030	N/A	PC	SECOND CAPITAL CAMPAIGN TO FUND TEACHER HOUSING	50,000
ONE MONTANA 280 WEST KAGY BLVD SUITE D233 BOZEMAN,MT59715	N/A	PC	GENERAL OPERATIONS	10,000
ONE MONTANA 280 WEST KAGY BLVD SUITE D233 BOZEMAN,MT59715	N/A	PC	GENERAL OPERATIONS	30,000
PARK COUNTY COMMUNITY FOUNDATION 104 SOUTH MAIN STREET LIVINGSTON,MT59047	N/A	PC	NORTH YELLOWSTONE EDUCATION FOUNDATION - GARDINER SCHOOL (PCCF'S MATCH CHALLENGE)	25,000
PROPERTY & ENVIRONMENT RESEARCH CENTER (PERC) 2048 ANALYSIS DRIVE SUITE A BOZEMAN,MT59718	N/A	PC	GENERAL OPERATIONS	40,000
SOUTHERN ENVIRONMENTAL LAW CENTER 120 GARRETT ST SUITE 400 CHARLOTTESVILL,VA22902	N/A	PC	FUNDING OF SOUTHERN ENVIRONMENTAL LAW CENTERS WORK TO BATTLE BACK THE DESTRUCTIVE BIOMASS INDUSTRY	50,000
THE REASON FOUNDATION 5737 MESMER AVENUE LOS ANGELES,CA90230	N/A	PC	GENERAL OPERATIONS	100,000
VANGUARD CHARITABLE ENDOWMENT PROGRAM PO BOX 9509 WARWICK,RI02889	N/A		THE SALMSON FUND	1,200,000
WAKEFIELD SCHOOL INC PO BOX 107 THE PLAINS,VA20198	N/A	PC	GENERAL OPERATIONS	75,000
YELLOWSTONE FOREVER PO BOX 1857 BOSEMAN,MT59771	N/A	PC	GENERAL OPERATIONS	40,000
Total ................................. 3a				1,853,500

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	3,550
4 Dividends and interest from securities ....			14	726,989
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	-443,359
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		287,180	0

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

287,180

(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 FOURTEN FOUNDATION

C/O PKF O'CONNOR DAVIES ADVISORY LLC

EIN:

86-3735206

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEES	14,775	0		14,775

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

THE FOURTEN FOUNDATION

C/O PKF O'CONNOR DAVIES ADVISORY LLC

EIN:

86-3735206

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AIR LEASE CORP 02.875% 011526	343,066	343,066
ALLY FINANCIAL INC B/E 05.750% 112025	27,922	27,922
AMER AXLE & MANF INC NTS 06.500% 040127	32,125	32,125
AMER EXPRESS CO NTS B/E 02.500% 073024	275,022	275,022
AMERIGAS PARTNER NTS B/E 05.500% 052025	28,591	28,591
BALL CORP B/E 05.250% 070125	30,969	30,969
BANK OF AMER CORP NTS 03.093% 100125	350,994	350,994
BERKSHIRE HATHAWAY ENERG 04.050% 041525	23,725	23,725
BHP BILLITON FIN LTD NTS 05.250% 090826	32,732	32,732
BOYD GAMING CORP NTS B/E 04.750% 120127	26,935	26,935
BUCKEYE PARTNERS L P B/E 03.950% 120126	27,405	27,405
CALLON PETROLEUM CO NTS 06.375% 070126	18,909	18,909
CANADIAN IMPERIAL BANK 03.100% 040224	353,700	353,700
CDW LLC / CDW FIN CORP 05.500% 120124	29,906	29,906
CENTENE CORP NTS B/E 04.250% 121527	39,522	39,522
CHARTER COMM OPT LLC/CAP 04.908% 072325	330,884	330,884
CHEMOURS CO NTS B/E 05.375% 051527	32,237	32,237
CITIGROUP INC B/E 03.300% 042725	341,856	341,856
CITIGROUP INC NTS B/E 03.070% 022428	84,858	84,858
CLEVELAND-CLIFFS INC NTS 05.875% 060127	27,904	27,904
COLUMBIA/HCA HEALTHCARE 07.690% 061525	27,888	27,888
CROWN CORK SEAL B/E 07.375% 121526	27,300	27,300
CSC HOLDINGS LLC B/E 05.250% 060124	27,419	27,419
DANA HLDG CORP NTS B/E 05.375% 111527	7,945	7,945
DELTA AIR LINES INC NTS 02.900% 102824	5,840	5,840
DELTA AIR LINES INC NTS 7.375% 011526	5,169	5,169
GENESIS ENERGY LP/FIN 06.250% 051526	31,969	31,969
GENL MOTORS FINL CO INC 04.350% 011727	329,468	329,468
GOLDMAN SACHS GROUP INC 03.850% 012627	284,043	284,043
GOODYEAR TIRE & RUBBER 05.000% 053126	27,570	27,570
HCA INC B/E 05.375% 020125	5,992	5,992
HCA INC NTS B/E 05.250% 061526	325,225	325,225
HILTON WORLDWIDE FIN LLC 04.875% 040127	9,850	9,850
HOWMET AEROSPACE INC NTS 05.125% 100124	5,970	5,970
ICAHN ENTERPRISES L P / 04.750% 091524	34,786	34,786
ICAHN ENTERPRISES L P / 6.375% 121525	11,781	11,781
JPMORGAN CHASE & CO NTS 01.470% 092227	99,679	99,679
JPMORGAN CHASE & CO NTS 03.625% 120127	324,750	324,750
L BRANDS INC NTS B/E 06.694% 011527	27,569	27,569
MORGAN STANLEY B/E 03.625% 012027	331,781	331,781
MORGAN STANLEY NTS B/E 3.700% 102324	102,650	102,650
NAVIENT CORP B/E 05.875% 102524	27,994	27,994
NAVIENT CORP NTS B/E 06.750% 062525	28,343	28,343
NEWELL BRANDS INC B/E 04.200% 040126	39,461	39,461
NEWELL BRANDS INC NTS 04.875% 060125	14,752	14,752
NORDSTROM INC NTS B/E 02.300% 040824	24,659	24,659
NRG ENERGY INC B/E 06.625% 011527	27,054	27,054
OCCIDENTAL PETROLEUM COR 05.875% 090125	33,186	33,186
PACIFIC GAS & ELEC NTS 02.100% 080127	346,349	346,349
PACIFIC GAS & ELEC NTS 03.150% 010126	32,616	32,616
PENSKE AUTO GROUP INC 03.500% 090125	40,749	40,749
PFIZER INVT ENTER NTS 04.450% 051928	254,127	254,127
PLAINS ALL AMER PIPELINE 04.650% 101525	338,231	338,231
QVC INC NTS B/E 04.850% 040124	31,682	31,682
RADIAN GROUP INC NTS B/E 04.500% 100124	15,791	15,791
RADIAN GROUP INC NTS B/E 06.625% 031525	33,127	33,127
SEAGATE HDD CAYMAN B/E 04.750% 010125	29,755	29,755
SERVICE PPTYS TR NTS B/E 07.500% 091525	35,398	35,398
SOUTHERN CAL EDISON NTS 05.850% 110127	200,529	200,529
SOUTHERN CALIF EDISON CO 03.700% 080125	339,004	339,004
SPRINGLEAF FIN CORP NTS 06.875% 031525	26,319	26,319
SPRINT CORP NTS B/E 07.625% 030126	21,929	21,929
TENET HEALTHCARE CORP 06.250% 020127	18,088	18,088
TEVA PHARMACEUTICAL NE 03.150% 100126	32,409	32,409
TOLL BROS FIN CORP B/E 04.875% 111525	30,778	30,778
TRANSDIGM INC NTS B/E 07.500% 031527	28,119	28,119
TRI POINTE GROUP INC NTS 5.250% 060127	6,878	6,878
TRI POINTE GROUP NTS B/E 05.875% 061524	31,000	31,000
TRUIST FINANCIAL CORP 04.873% 012629	321,498	321,498
US WEST COMMUNICATIONS 07.250% 091525	29,400	29,400
USA COMPRESSION PARTNERS 06.875% 040126	30,869	30,869
WALT DISNEY COMPANY/THE 01.750% 083024	359,392	359,392
WALT DISNEY COMPANY/THE 03.350% 032425	76,475	76,475
WELLS FARGO & CO 3.750% 012424	73,900	73,900
WELLS FARGO & CO B/E 03.000% 102326	336,222	336,222
WESTERN DIGITAL CORP NTS 04.750% 021526	11,777	11,777
WYNDHAM WORLDWIDE CORP 05.650% 040124	36,954	36,954

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

THE FOURTEN FOUNDATION

C/O PKF O'CONNOR DAVIES ADVISORY LLC

EIN:

86-3735206

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABB LTD SPON ADR	52,717	52,717
ACADEMY SPORTS & OUTDOORS INC	22,374	22,374
ACUITY BRANDS INC	44,653	44,653
ADIDAS AG SPON ADR	4,778	4,778
ADTALEM GLOBAL ED INC	20,515	20,515
AECOM	116,647	116,647
AIA GROUP LTD SPON ADR	20,351	20,351
ALEXANDRIA REAL ESTATE EQUITIES	87,345	87,345
ALIBABA GROUP HLDG LTD SPON ADR	30,384	30,384
ALLEGION PLC	59,924	59,924
ALPHA METALLURGICAL RES INC	38,976	38,976
AMBEV SA SPON ADR	16,444	16,444
AMERICAN WATER WORKS CO INC NEW	80,778	80,778
AMERIPRISE FINANCIAL INC	99,895	99,895
AMETEK INC (NEW)	108,992	108,992
AMN HEALTHCARE SERVICES INC	9,959	9,959
AMPHASTAR PHARMACEUTICALS INC	18,369	18,369
ANSYS INC	157,490	157,490
APPLE HOSPITALITY REIT INC	28,004	28,004
APPLIED INDL TECH INC	20,895	20,895
ARGENX SE SPON ADR	28,152	28,152
ARMSTRONG WORLD INDUSTRIES INC NEW	16,026	16,026
ASE TECHNOLOGY HLDG CO LTD SPON ADR	40,764	40,764
ASPEN TECHNOLOGY INC	66,705	66,705
ATKORE INC	26,880	26,880
ATLANTIC UN BANKSHARES CORP COM	4,677	4,677
AUTONATION INC	13,216	13,216
AVANTOR INC	70,157	70,157
AVIENT CORP	3,908	3,908
AVNET INC	9,072	9,072
BAE SYSTEMS PLC SPON ADR	60,015	60,015
BANCFIRST CORP	5,548	5,548
BANCO BILBAO VIZCAYA ARGENTARIA S.A. SPON ADR	45,186	45,186
BANGKOK BK PLC ADR	8,585	8,585
BANK OZK	55,560	55,560
BARRICK GOLD CORP	10,456	10,456
BELDEN INC NEW	8,884	8,884
BENTLEY SYSTEMS INC CL B	97,055	97,055
BERKELEY GROUP HLDGS PLC ADR	11,813	11,813
BERKLEY W R CORP	69,801	69,801
BERKSHIRE HILLS BANCORP	6,232	6,232
BJS WHSL CLUB HLDGS INC	75,192	75,192
BOOZ ALLEN HAMILTON HLDG CORP CL A	108,084	108,084
BOYD GAMING CORP	10,080	10,080
BRENNTAG SE UNSPON ADR	5,275	5,275
BRIGHT HORIZONS FAMILY SOLUTIONS INC	47,497	47,497
BRITISH AMER TOBACCO PLC GB SPON ADR	17,925	17,925
BRUKER CORP	32,405	32,405
BUILDERS FIRSTSOURCE INC	15,358	15,358
CADENCE BK	38,733	38,733
CAPITEC BK HLDGS LTD ADR	12,321	12,321
CARTER'S INC	11,683	11,683
CEMEX S.A.B. DE C.V. SPON ADR	44,121	44,121
CENCORA INC	96,939	96,939
CHARLES RIVER LABORATORIES	72,575	72,575
CHEMED CORP NEW	74,848	74,848
CHINA MERCHANTS BK CO LTD UNSPONSORED ADR	12,194	12,194
CHOICE HOTELS INTL INC NEW	43,167	43,167
CHORD ENERGY CORP	39,729	39,729
CIRRUS LOGIC INC	11,397	11,397
CLEAN HARBORS INC	8,202	8,202
COCA COLA FEMSA S.A.B. DE C.V. (MEXICO) SPON ADR	40,317	40,317
COMFORT SYSTEMS USA INC	50,800	50,800
COMMERCIAL METALS CO	42,684	42,684
COMPAGNIE FINANCIERE RICHEMONT AG ADR	20,015	20,015
COMPANHIA PARANAENSE DE ENERGI SPON ADR	15,705	15,705
COMPANHIA PARANAENSE DE ENERGIA SPON ADR	3,644	3,644
COMPANIA CERVECERIAS UNIDAS S A CHILE SPON ADR	9,380	9,380
COMPASS GROUP PLC SPON ADR	32,121	32,121
CONCENTRIX CORP	26,910	26,910
COOPER COMPANIES INC NEW	88,177	88,177
CORTEVA INC	53,862	53,862
COSAN S A SPON ADR	20,843	20,843
CRANE CO	9,924	9,924
CRANE NXT CO	8,474	8,474
CREDICORP LTD	9,446	9,446
CROCS INC	11,676	11,676
CSG SYSTEMS INTL INC	15,431	15,431
CTRIP.COM INTL SPON ADR	31,617	31,617
CURTISS WRIGHT CORP	118,524	118,524
DANONE SPON ADR	24,217	24,217
DARDEN RESTAURANTS INC	87,572	87,572
DECKERS OUTDOOR CORP	30,748	30,748
DIAGEO PLC NEW GB SPON ADR	4,078	4,078
DIAMONDBACK ENERGY INC	75,214	75,214
DIODES INC	1,127	1,127
DISCOVER FINANCIAL SERVICES	91,831	91,831
DOLBY LABORATORIES INC CL A	63,170	63,170
DONALDSON CO INC	20,193	20,193
DONNELLEY FINL SOLUTIONS INC	5,177	5,177
EHANG HLDGS LTD ADR	21,689	21,689
EMBRAER S A SPON ADR	35,775	35,775
EMCOR GROUP INC	53,858	53,858
ENI SPA IT SPON ADR	30,779	30,779
EPAM SYSTEMS INC	81,174	81,174
EQUIFAX INC	74,682	74,682
EVERCORE INC CL A	28,565	28,565
EVERTEC INC	11,709	11,709
EXELIXIS INC	12,043	12,043
EXLSERVICE HOLDINGS INC	23,323	23,323
EXPONENT INC	56,170	56,170
FAIR ISAAC CORP	53,543	53,543
FANUC CORP ADR	18,770	18,770
FEDERATED HERMES INC CL B	16,726	16,726
FIRST COMWLTH FINCL CORP PENN	9,371	9,371
FIRST FINCL BANCORP OHIO MONROE	9,950	9,950
FIRST FINCL BANKSHARES INC	11,029	11,029
FIRST FINCL CORP IND	1,377	1,377
FNB CORP PA	13,756	13,756
FOMENTO ECONOMICO MEXICANO S.A.B. DE CV SPON ADR	73,126	73,126
FORTINET INC	63,095	63,095
FTI CONSULTING INC	10,555	10,555
FUCHS SE ADR	8,765	8,765
FULTON FINCL CORP PA	11,769	11,769
GLOBANT S A	22,132	22,132
GLOBUS MED INC CL A	7,034	7,034
GRAPHIC PACKAGING HOLDING CO	14,691	14,691
GRUPO FINANCIERO BANORTE SPON ADR	20,887	20,887
GRUPO FINANCIERO GALICIA ADR	30,266	30,266
H & R BLOCK INC	29,844	29,844
HALEON PLC SPON ADR	8,362	8,362
HANCOCK WHITNEY CORP	20,068	20,068
HANOVER INSURANCE GROUP INC (THE)	24,405	24,405
HDFC BANK LTD ADR REPSTG 3 ORD SHS	38,924	38,924
HEINEKEN NV SPON ADR	6,576	6,576
HELEN OF TROY LTD NEW (BERMUDA) ORD	5,557	5,557
HENKEL AG & CO KGAA SPON ADR	9,765	9,765
HENRY JACK & ASSOC INC	64,874	64,874
HERMES INTL SCA ADR	25,087	25,087
HESS CORP	66,746	66,746
HF SINCLAIR CORP	17,171	17,171
HONGKONG LAND HLDGS LTD ADR	6,058	6,058
HOULIHAN LOKEY INC	121,349	121,349
HUB GROUP INC CL A	7,355	7,355
HUNTSMAN CORP	4,775	4,775
HYSAN DEVEL LTD SPON ADR HONG KONG ADR	4,316	4,316
ICICI BANK LTD SPON ADR	29,466	29,466
IDEXX LABS	35,523	35,523
IMPERIAL OIL LTD NEW CANADA CAD	34,142	34,142
ING GROEP N V NL SPON ADR	35,537	35,537
INGERSOLL RAND INC	95,670	95,670
INSIGHT ENTERPRISES INC	16,479	16,479
INSTALLED BLDG PRODUCTS	27,971	27,971
INTEGER HLDGS CORP COM	22,293	22,293
INTEGRA LIFESCIENCES HLDG	8,623	8,623
INTERACTIVE BROKERS GROUP INC CL A	50,403	50,403
INTERDIGITAL INC (PA)	11,831	11,831
ITAU UNIBANCO HLDG SA ADR	8,785	8,785
JABIL INC	29,175	29,175
JARDINE MATHESON HD-UNSP ADR	12,067	12,067
JD COM INC CL A SPON ADR	9,360	9,360
KEYSIGHT TECHNOLOGIES INC COM	72,704	72,704
KFORCE INC	4,121	4,121
KOMATSU LTD SPON ADR NEW	9,475	9,475
KONTOOR BRANDS INC	13,670	13,670
LABORATORY CORP AMER HLDGS NEW	87,734	87,734
LAKELAND FINCL CORP	5,343	5,343
LANDSTAR SYSTEMS INC	18,590	18,590
LEGRAND S A UNSPONSORED ADR	5,988	5,988
LENNOX INTL INC	89,952	89,952
LLOYDS BANKING GROUP PLC SPON ADR	8,786	8,786
LOGITECH INTL SA REG NAMEN-AKT CHF	40,210	40,210
LPL FINL HLDGS INC COM	101,746	101,746
LUCKIN COFFEE INC ADR	31,672	31,672
MARTIN MARIETTA MATERIALS INC	59,370	59,370
MASONITE INTL CORP NEW CAD	6,096	6,096
MASTERBRAND INC	9,311	9,311
MC CORMICK & CO NV	66,915	66,915
MEDPACE HOLDINGS INC	31,879	31,879
MEITUAN ADR	13,152	13,152
MERCADOLIBRE INC	39,289	39,289
MERIT MEDICAL SYSTEM INC	19,598	19,598
MERITAGE HOMES CORP	27,872	27,872
MINTH GROUP LTD UN SPON ADR	6,879	6,879
MITSUBISHI ELEC CORP ADR JAPAN ADR	13,770	13,770
MITSUBISHI ESTATE LTD ADR ADR	5,855	5,855
MITSUBISHI UFJ FINANCIAL GROUP INC SPON ADR	48,293	48,293
MOLINA HEALTHCARE INC	104,057	104,057
MS&AD INS GROUP HLDGS ADR	16,352	16,352
MUELLER INDS INC	25,414	25,414
MURPHY USA INC	33,873	33,873
NBT BANCORP INC	7,502	7,502
NESTLE S A SPONSORED ADR REPSTG REG SHS SWITZ ADR	10,754	10,754
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC SPON ADR	52,908	52,908
NEWMONT CORP	9,892	9,892
NEXSTAR MEDIA GROUP INC	21,318	21,318
NIHON KOHDEN CORP UNSPONSORED ADR	7,260	7,260
NORDSON CORP	86,380	86,380
NOVO NORDISK ADR DENMARK ADR	90,622	90,622
NUTRIEN LTD CAD	11,210	11,210
NXP SEMICONDUCTORS N V COM EUR	35,371	35,371
ON SEMICONDUCTOR CORP	35,500	35,500
OPTION CARE HEALTH INC	17,923	17,923
ORKLA ASA A SHS SPON ADR	8,947	8,947
OTTER TAIL CORP	14,445	14,445
OXFORD INDUSTRIES	1,500	1,500
P.T. TELEKOMUNIKASI INDONESIA SPON ADR	10,690	10,690
PALO ALTO NETWORKS INC	87,874	87,874
PAMPA ENERGIA SA ADR ARS	46,994	46,994
PERDOCEO ED CORP COM	3,863	3,863
PERNOD RICARD SA SPON ADR	6,954	6,954
PETROLEO BRASILEIRO SA SPON ADR	38,009	38,009
PHILIP MORRIS INTL INC	16,088	16,088
PIEDMONT OFFICE RLTY TR INC CL A	4,863	4,863
PING AN INSURANCE (GROUP) CO OF CHINA LTD REPSTG 20 H SHS SPON	14,639	14,639
PIONEER NAT RES CO	44,526	44,526
POOL CORP	96,089	96,089
POSCO HOLDINGS INC SPON ADR	49,838	49,838
POWER CORP CANADA LTD CANADA ORD CAD	14,000	14,000
PRIMERICA INC	5,556	5,556
PRIMORIS SERVICES CORP	4,882	4,882
PROGRESS SOFTWARE CORP	14,933	14,933
PROSUS N V SPON ADR	18,838	18,838
PT BANK NEGERA INDONE ADR	9,627	9,627
PT BK RAKYAT ADR	20,878	20,878
RALPH LAUREN CORP CL A	6,056	6,056
RECKITT BENCKISER PLC SPON ADR	13,919	13,919
RELX PLC SPON ADR	44,974	44,974
ROLLINS INC	65,243	65,243
RPM INTL INC (DELA)	79,034	79,034
RYDER SYSTEM INC	16,569	16,569
SAIA INC	57,407	57,407
SANMINA CORPORATION COM	12,226	12,226
SANOFI SPON ADR	13,178	13,178
SAP SE SPON ADR	36,638	36,638
SCIENCE APPLICATIONS INTE	24,491	24,491
SCOTTS MIRACLE-GRO CO CL A	39,461	39,461
SECOM LTD ADR JAPAN ADR	20,303	20,303
SERVICE CORP INTL	83,509	83,509
SGS SA ADR UNSPONSORED	7,338	7,338
SHELL PLC SPON ADR	21,911	21,911
SHIMANO INC UNSPONSORED ADR	14,464	14,464
SIGNET JEWELERS LTD	21,345	21,345
SIMPLY GOOD FOODS CO	18,533	18,533
SITEONE LANDSCAPE SUPPLY INC	59,150	59,150
SMC CORP SPON ADR	10,894	10,894
SODEXO AMERN DEPO SHS SPON ADR	7,171	7,171
SOMPO HOLDINGS INC UNSPON ADR	13,154	13,154
SONOCO PRODUCTS CO	23,242	23,242
STERLING INFRASTRUCTURE INC	16,091	16,091
STEWART INFORMATION SVCS CORP	5,523	5,523
STIFEL FINANCIAL CORP	26,554	26,554
STRIDE INC	15,733	15,733
SUMITOMO MITSUI FINANCIAL SPON ADR	30,211	30,211
SUZUKI MOTOR CORP LTD ADR	7,666	7,666
SVENSKA HANDELBANKEN AB ADR	5,641	5,641
TAIWAN SEMICONDUCTOR MFG CO LTD ADR	116,064	116,064
TAKE-TWO INTERACTIVE SOFTWRE	93,512	93,512
TAYLOR MORRISON HOME CORP CL A	39,532	39,532
TEEKAY TANKERS LTD	7,745	7,745
TELEDYNE TECHNOLOGIES INC	58,910	58,910
TELEFONICA BRASIL SA ADR	31,551	31,551
TENCENT HLDGS LTD ADR	53,548	53,548
TERADATA CORP NEW (DELA)	6,527	6,527
TERADYNE INC	70,321	70,321
TERNIUM SA ADS SPON ADR	28,370	28,370
THOR INDUSTRIES INC	78,518	78,518
TIMKEN CO	49,052	49,052
TOKYO ELECTRON LTD ADR	34,026	34,026
TOPBUILD CORP	19,087	19,087
TRADEWEB MARKETS INC CL A	96,605	96,605
TRINET GROUP INC	19,505	19,505
TSAKOS ENERGY NAV LTD	35,108	35,108
TYLER TECHNOLOGIES INC	108,711	108,711
UBS GROUP AG	59,822	59,822
UNILEVER PLC AMER SHS NEW SPON ADR	21,040	21,040
UNITED THERAPEUTICS CORP	21,989	21,989
UOL GROUP LTD SPON ADR	8,467	8,467
UPBOUND GROUP INC	4,144	4,144
VAIL RESORTS INC	66,603	66,603
VIPSHOP HLDGS LTD SPON ADR	37,332	37,332
VONTIER CORP COM	22,699	22,699
VOYA FINL INC COM	70,260	70,260
WAL MART DE MEXICO SAB DE CV CL V SPON ADR	16,677	16,677
WATSCO INC	77,553	77,553
WEG SA BRAZIL SPON ADR	21,404	21,404
WHEATON PRECIOUS METALS CORP	12,828	12,828
WILLIS TOWERS WATSON PUB LTD CO	25,085	25,085
WINTRUST FINANCIAL CORP	26,805	26,805
WUXI BIOLOGICS CAYMAN INC ADR	8,940	8,940
XINYI SOLAR HLDGS LTD ADR	4,453	4,453
YPF SOCIEDAD ANONIMA SPONS ADR DEP SHS REP 1 CL D ARGENTINA ADR	58,463	58,463
YUM! BRANDS INC	86,628	86,628
ZEBRA TECHNOLOGIES CORP CL A	62,319	62,319
ZIFF DAVIS INC	13,102	13,102
ZIONS BANCORP NA	35,886	35,886
ZURN ELKAY WATER SOLUTION CORP	59,761	59,761

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

THE FOURTEN FOUNDATION

C/O PKF O'CONNOR DAVIES ADVISORY LLC

EIN:

86-3735206

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ISHARES CORE MSCI EAFE ETF	FMV	2,122,600	2,122,600
ISHARES CORE S&P SMALL-CAP ETF	FMV	1,270,747	1,270,747
MARTIN CURRIE SMA-SHARES SERIES EM FUND CLASS NL	FMV	450,955	450,955
SPDR BLOOMBERG 1-3 MONTH T-BILL ETF	FMV	25,041	25,041
SPDR GOLD SHARES ETF	FMV	91,953	91,953
VANGUARD FTSE EMERGING MARKETS ETF	FMV	1,212,327	1,212,327
VANGUARD S&P 500 ETF	FMV	17,624,443	17,624,443

- TIN:

TY 2023 LegalFeesSchedule

Name:

THE FOURTEN FOUNDATION

C/O PKF O'CONNOR DAVIES ADVISORY LLC

EIN:

86-3735206

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL SERVICES	34,604	0		34,604

- TIN:

TY 2023 OtherExpensesSchedule

Name:

THE FOURTEN FOUNDATION

C/O PKF O'CONNOR DAVIES ADVISORY LLC

EIN:

86-3735206

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ADR FEES	3,092	3,092		0
BANK FEES	25	0		25

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

THE FOURTEN FOUNDATION

C/O PKF O'CONNOR DAVIES ADVISORY LLC

EIN:

86-3735206

Description	Amount
UNREALIZED GAIN ON INVESTMENTS	6,259,875

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

THE FOURTEN FOUNDATION

C/O PKF O'CONNOR DAVIES ADVISORY LLC

EIN:

86-3735206

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
UBS INVESTMENT MANAGEMENT FEES	217,774	217,774		0

- TIN:

TY 2023 TaxesSchedule

Name:

THE FOURTEN FOUNDATION

C/O PKF O'CONNOR DAVIES ADVISORY LLC

EIN:

86-3735206

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES PAID	8,122	8,122		0