Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
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 VF Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

56-2322084
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$26,161,399J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 21,848 21,848  
4 Dividends and interest from securities... 869,644 869,644  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,462
b Gross sales price for all assets on line 6a 6,643,669
7 Capital gain net income (from Part IV, line 2)... 10,462
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........ 901,954 901,954  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
275,418 145,842   129,576
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,041 203    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 21,130     21,130
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
135,546 45   135,501
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 444,135 146,090   286,207
25 Contributions, gifts, grants paid....... 3,972,500 3,972,500
26 Total expenses and disbursements. Add lines 24 and 25 4,416,635 146,090   4,258,707
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,514,681
b Net investment income (if negative, enter -0-) 755,864
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,629,103 93,200 93,200
3 Accounts receivable right arrow3,226
Less: allowance for doubtful accounts right arrow     3,226 3,226
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,641,650 Click to see attachment
List of Attached Documents:
// Content
2,457,645 		2,500,006
b Investments—corporate stock (attach schedule)....... 24,908,640 Click to see attachment
List of Attached Documents:
// Content
22,086,969 		23,197,309
c Investments—corporate bonds (attach schedule)....... 376,824 Click to see attachment
List of Attached Documents:
// Content
400,496 		367,658
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,556,217 25,041,536 26,161,399
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 28,556,217 25,041,536
29 Total net assets or fund balances (see instructions)..... 28,556,217 25,041,536
30 Total liabilities and net assets/fund balances (see instructions). 28,556,217 25,041,536
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
28,556,217
2
Enter amount from Part I, line 27a .....................
2
-3,514,681
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
25,041,536
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,041,536
Form 990-PF (2023)
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 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,643,669   6,633,207 10,462
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       10,462
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,462
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 10,507
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 10,507
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,507
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 5,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 5
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 5,512
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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)
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
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 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.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Luis Benitez Pres, Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Anthony Cottonaro Dir, Treas
2.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Doug Hassman Dir, Treas
2.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Craig Hodges Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jennifer S Sim Dir, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Colin Wheeler Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Laura C Meagher DIR, SEC
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
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
Morgan Stanley Investment Mgmt 145,842
300 N GREENE ST STE 1700
GREENSBORO,NC27401
Foundation Source Administrative 110,300
55 Walls Drive 3rd Fl
Fairfield,CT06824
Karsh Hagan Philanthropic 69,766
685 S Broadway
Denver,CO80209
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)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
25,907,437
b
Average of monthly cash balances.......................
1b
1,070,699
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
26,978,136
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
26,978,136
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
404,672
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
26,573,464
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,328,673
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,328,673
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
10,507
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,507
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,318,166
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,318,166
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,318,166
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
4,258,707
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,258,707
Form 990-PF (2023)
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 1,318,166
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:2021, 2020, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 3,961,373
b From 2019...... 5,830,446
c From 2020...... 6,400,252
d From 2021...... 6,170,796
e From 2022...... 6,944,922
f Total of lines 3a through e ........ 29,307,789
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,258,707
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 1,318,166
e Remaining amount distributed out of corpus 2,940,541
5 Excess distributions carryover applied to 2023.    
(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 32,248,330
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		3,961,373
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		28,286,957
10 Analysis of line 9:
a Excess from 2019.... 5,830,446
b Excess from 2020.... 6,400,252
c Excess from 2021.... 6,170,796
d Excess from 2022.... 6,944,922
e Excess from 2023.... 2,940,541
Form 990-PF (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 or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
THE VF FOUNDATION
1551 WEWATTA STREET
DENVER,CO80202
(720) 778-4000
bThe form in which applications should be submitted and information and materials they should include:
PLEASE VISIT HTTPS://WWW.VFC.COM/RESPONSIBILITY/THE-VF-FOUNDATION
cAny submission deadlines:
PLEASE VISIT HTTPS://WWW.VFC.COM/RESPONSIBILITY/THE-VF-FOUNDATION
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
QUALIFYING ORGANIZATIONS MUST BE RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE U.S. FEDERAL TAX CODE (OR INTERNATIONAL EQUIVALENT). THE VF FOUNDATION DOES NOT FUND EVENT SPONSORSHIPS, CAPITAL CAMPAIGNS OR GENERAL OPERATING SUPPORT.
Form 990-PF (2023)
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)
aPaid during the year

4DWN PROJECT INC

3839 MCKINNEY AVE STE 155 PMB 757
DALLAS,TX75204 		N/A PC 4DWN Programs: for the people, for the planet. 50,000

ADM CAPITAL FOUNDATION INC

859 WILLARD ST STE 400
QUINCY,MA02169 		N/A PC Circular Fashion Design Residency Project 50,000

AMERICAN NATIONAL RED CROSS - MILE HIGH CHAPTER

444 SHERMAN ST
DENVER,CO80203 		N/A PC for The International Committee of the Red Cross, a neutral humanitarian organization that is helping both Palestinians and Israelis impacted by the conflict, to provide humanitarian aid 155,000

AMERICAN RECREATION COALITION

EATON WORKSHOP
WASHINGTON,DC20005 		N/A PC Implementing Rural Development, Workforce, and State Priorities to Connect Americans to the Great Outdoors 50,000

AT THE EPICENTER

1005 3RD AVE
LONGMONT,CO80501 		N/A PC Regenerative Leadership Curriculum and Education HUB 184,000

BEYOND SPORT FOUNDATION

110 HIGH HOLBORN
LONDON   WC1V 6JS
UK 		N/A PC Online Allyship Course General & Unrestricted 65,000

BUSINESS FOR SOCIAL RESPONSIBILITY

220 MONTGOMERY ST 17TH FLOOR
SAN FRANCISCO,CA94104 		N/A PC Bringing RISE Respect comprehensive approach to Guatemala 250,000

CAMBER OUTDOORS

PO BOX 7203
BOULDER,CO80306 		N/A PC Courageous Conversations with Camber 75,000

CAMBODIAN CHILDRENS FUND

2309 SANTA MONICA BLVD STE 833
SANTA MONICA,CA90404 		N/A PC Youth Leadership Camps on Environmental Stewardship 25,000

CHILDRENS MUSEUM OF DENVER INC

2121 CHILDRENS MUSEUM DR
DENVER,CO80211 		N/A PC Snow Days Winter Experience 25,000

CIVIC CENTER CONSERVANCY

1410 N GRANT ST STE C108
DENVER,CO80203 		N/A PC A Park for Everyone, Everyday 30,000

COLORADO STATE UNIVERSITY FOUNDATION

PO BOX 1870
FORT COLLINS,CO80522 		N/A PC Peregrine Accelerator for Conservation Impact 50,000

CREATIVES WANT CHANGE INC

60 BROADWAY APT 5P
BROOKLYN,NY11249 		N/A PC Summer 2024 Pre-College Programs 50,000

DENVER PUBLIC SCHOOLS FOUNDATION

1860 LINCOLN ST 10TH FL
DENVER,CO80203 		N/A PC Lights on After School 25,000

FIRST DESCENTS

621 KALAMATH ST STE 175
DENVER,CO80204 		N/A PC First Descents - Expanding Participation and Access to Outdoor Adventure and Psychosocial Support 25,000

FORUM FOR THE FUTURE US INC

81 PROSPECT ST 1D
BROOKLYN,NY11201 		N/A PC Growing our Future: Accelerating Policy Change To Support a Just Transition to Regenerative Agriculture 100,000

GIRL SCOUTS OF COLORADO

1485 S COLORADO BLVD STE 210
DENVER,CO80222 		N/A PC Outdoor Programs 50,000

GIRLS AT WORK INC

4 ELM ST
MANCHESTER,NH03103 		N/A PC Workforce Development for Manchester Girls 25,000

GIVE2ASIA

2201 BROADWAY ST 4TH FL
OAKLAND,CA94612 		N/A PC Worthy Work in Bangladesh with Shimmy Technologies 127,000

GREENSBORO CHAMBER FOUNDATION

111 W FEBRUARY 1 PL
GREENSBORO,NC27401 		N/A PC 2023-2027 GROW Greensboro Initiative 100,000

GUILFORD EDUCATION ALLIANCE INC

311 POMONA DR STE E
GREENSBORO,NC27407 		N/A PC Building Bright Futures 50,000

HAWAII COMMUNITY FOUNDATION

827 FORT ST MALL
HONOLULU,HI96813 		N/A PC Maui Strong Fund 15,000

HAWAII COMMUNITY FOUNDATION

827 FORT ST MALL
HONOLULU,HI96813 		N/A PC Maui Strong Fund 7,500

IMPACT FARMING FOUNDATION INC

35 S STATE ROAD
BRIARCLIFF MANOR,NY10510 		N/A PC Haiti Vert 100,000

INDUSTRIAL COMMONS

PO BOX 71
MORGANTON,NC28680 		N/A PC The Circular Collaborative 25,000

JUSTICE OUTSIDE

1624 FRANKLIN ST STE 520
OAKLAND,CA94612 		N/A PC Justice Outside's Advocacy for Equity in the Outdoors and Environment Project 25,000

KISS THE GROUND

PO BOX 515381
LOS ANGELES,CA90051 		N/A PC Kiss the Ground's Advocacy Program 50,000

MCA DENVER

1485 DELGANY ST
DENVER,CO80202 		N/A PC Removing Barriers to Arts Access and Leadership for Denver's Teens 25,000

NATIONAL FOREST FOUNDATION

27 FORT MISSOULA RD STE 3
MISSOULA,MT59804 		N/A PC Colorado 14ers Centennial Program 50,000

NATIONAL SPORTS CENTER FOR THE DISABLED INC

1801 MILE HIGH STADIUM CIR STE 1500
DENVER,CO80204 		N/A PC Opening access to underserved communities in and around Denver 20,000

NATURE CONSERVANCY

4245 N FAIRFAX DRIVE STE 100
ARLINGTON,VA22203 		N/A PC New Mexico Tribal Grazing Lands Coalition Assessment 50,000

NAWIC FOUNDERS SCHOLARSHIP FOUNDATION

327 S ADAMS ST
FORT WORTH,TX76104 		N/A SO I Scholarship fund for students enrolled in construction and trade programs 25,000

NO BARRIERS USA

605 S COLLEGE AVE 101
FORT COLLINS,CO80524 		N/A PC Accessible Mountain Campus Experience 25,000

ORANGE COUNTY COASTKEEPER

16485 TROPEZ LN
HUNTINGTN BCH,CA92649 		N/A PC Santa Ana River Watershed Education Program 25,000

OUTDOOR AFRO

2323 BROADWAY
OAKLAND,CA94612 		N/A PC Support for Outdoor Afro Leadership Team 30,000

OUTDOOR ALLIANCE

PO BOX 66041
WASHINGTON,DC20035 		N/A PC Building the Outdoor Conservation Movement 25,000

PARADOX SPORTS

PO BOX 273
ELDORADO SPRG,CO80025 		N/A PC Grand Teton Veterans Adaptive Climbing Trip 25,000

PROTECT OUR WINTERS

4676 BROADWAY ST
BOULDER,CO80304 		N/A PC Harnessing the power of the Outdoor State - elevating Alliance members as changemakers across the outdoor industry and beyond 25,000

PROTECT OUR WINTERS EUROPE - ASSOCIATION FOR CLIMA

PEMBAUERSTRAE 14
  INNSBRUCK6020
AU 		N/A PC Hot Planet - Cool Athletes climate education program 34,000

SKATEISTAN

516 N 68TH ST
SEATTLE,WA98103 		N/A PC Skateistan in a Box (EMEA region) 100,000

SOIL HEALTH INSTITUTE

2803 SLATER RD STE 115
MORRISVILLE,NC27560 		N/A PC U.S. Regenerative Cotton Fund 250,000

SOS OUTREACH

PO BOX 2020
AVON,CO81620 		N/A PC SOS Outreach - Expanding Outdoor Industry Career Opportunities for Young People through Career Development Pipeline 25,000

THE BIOMIMICRY INSTITUTE

PO BOX 9216
MISSOULA,MT59807 		N/A PC Design for Decomposition (D4D) 50,000

THE SKATEPARK PROJECT

1203 ACTIVITY DR
VISTA,CA92081 		N/A PC The Brooklyn Banks 250,000

THE VENTURE OUT PROJECT INC

221 PINE ST STE 358
NORTHHAMPTON,MA01062 		N/A PC The Venture Out Project 25,000

TRUST FOR PUBLIC LAND

PO BOX 889336
LOS ANGELES,CA90088 		N/A PC Advancing TPL Community Schoolyards in Tribal Communities and Los Angeles 250,000

UNITED STATES ASSOCIATION FOR UNHCR

1310 L ST NW STE 450
WASHINGTON,DC20005 		N/A PC Disaster Relief for earthquake in TURKEY and SYRIA 126,000

UNITED WAY OF GREATER GREENSBORO INC

1500 YANCEYVILLE ST
GREENSBORO,NC27405 		N/A PC United Way of Greater Greensboro Family Success Centers (FSC) 100,000

WATER ORG INC

117 W 20TH ST STE 203
KANSAS CITY,MO64108 		N/A PC Expanding Water and Sanitation Access in Kenya 100,000

WATERAID AMERICA INC

233 BROADWAY 2705
NEW YORK,NY10279 		N/A PC Championing sustainable water, sanitation, and hygiene (WASH) for factory workers and communities in Cambodia 125,000

WOMENS WILDERNESS INSTITUTE

1206 EUCLID AVE STE 1
BOULDER,CO80302 		N/A PC Trailblazers 25,000

WORLD BUSINESS COUNCIL FOR SUSTAINABLE DEVELOPMENT

AVE DU BOUCHET 2BIS
GENEVA   1209
SZ 		N/A PC World Business Council for Sustainable Development 150,000

WORLD WILDLIFE FUND INC

1250 24TH ST NW
WASHINGTON,DC20037 		N/A PC Water Stewardship in Buyuk Menderes basin 104,000

YMA FASHION SCHOLARSHIP FUND

1501 BROADWAY STE 2001
NEW YORK,NY10036 		N/A PC The VF Foundation x FSF Community Colleges Initiative: Program Expansion 150,000
Total .................................right arrow 3a 3,972,500
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
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
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 21,848  
4 Dividends and interest from securities ....     14 869,644  
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 10,462  
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) ..   901,954  
13Total. Add line 12, columns (b), (d), and (e)..................
13
901,954
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

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

TY 2023 DepreciationSchedule
Name:
The VF Foundation
EIN:
56-2322084
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2023 InvestmentsCorpBondsSchedule
Name:
The VF Foundation
EIN:
56-2322084
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC - 3.200% - 11/21/20 10,707 9,360
ALEXANDRIA REAL ESTATE - 4.900 6,040 5,014
AMERIAN HONDA FIN CORP - 5.250 5,039 5,090
AMERICAN ELEC PWR INC - 1.000% 10,089 9,284
AMERICAN EXPRESS CO - 2.500% - 5,086 4,911
AMERICAN TOWER CORP - 3.125% - 5,344 4,729
AMGEN INC - 2.200% - 02/21/202 5,303 4,652
ANHEUSER BUSCH - 4.750% - 01/2 11,720 10,164
ANTHEM INC NOTE - 3.650% - 12/ 5,393 4,843
AON CORP - 2.800% - 05/15/2030 9,888 8,883
AT&T INC - 4.300% - 02/15/2030 5,671 4,904
BANK AMER CORP - 3.419% - 12/2 10,948 9,415
CALIFORNIA HEALTH - 1.168% - 0 22,396 23,063
CARRIER GLOBAL CORPORATION SER 4,280 4,376
CHUBB INA HOLDINGS INC - 1.375 4,654 4,120
CITIGROUP INC NOTE - 3.668% - 10,993 9,537
COMCAST CORP - 3.300% - 02/01/ 11,071 9,653
CVS CAREMARK CORP NOTE - 4.300 5,896 4,921
CVS HEALTH CORP NOTE CALL MAKE 5,289 4,661
DISNEY WALT CO - 2.000% - 09/0 10,173 8,877
DTE ENERGY CO COM - 5.200% - 0 10,311 10,403
ENBRIDGE INC - 4.250% - 12/01/ 4,853 4,935
EQUINIX INC NOTE CALL MAKE WHO 5,197 4,598
EQUINOR ASA - 3.125% - 04/06/2 4,989 4,702
EVERSOURCE ENERGY - 1.650% - 0 4,954 4,062
FIFTH THIRD BANCORP NOTE CALL 5,033 5,191
FLORIDA PWR & LT CO BOND - 2.4 4,236 4,301
GOLDMAN SACHS GROUP INC - 1.99 4,785 4,047
GOLDMAN SACHS GROUP INC - 3.50 5,292 4,904
HOME DEPOT INC - 2.950% - 06/1 11,319 9,409
INTEL - 3.750% - 08/05/2027 10,007 9,802
JPMORGAN CHASE &CO - 3.782% - 11,162 9,666
LINCOLN NATL CORP - 3.050% - 0 5,515 4,423
MASTERCARD INC - 3.350% - 03/2 11,016 9,553
MORGAN STANLEY SER I MTN - 6.3 5,295 5,401
NEXTERA ENERGY CAP HLDGS INC B 4,657 4,600
NORTHROP GRUMMAN CORP - 3.250% 5,343 4,780
PNC FINL SVCS - 3.500% - 01/23 5,298 4,993
PROLOGIS LP - 1.250% - 10/15/2 9,690 8,094
PUBLIC SERVICE ENTERPRIS - 2.8 10,280 9,871
SEMPRA ENERGY NOTE 3.4% 02/01/ 10,359 9,539
SHELL INT'L FINANCE - 2.875% - 10,537 9,629
SIMON PPTY GROUP LP - 3.375% - 5,284 4,922
SIMON PPTY GROUP LP NOTE CALL 4,721 4,562
STATE STR CORP NOTE - 2.354% - 10,091 9,749
TORONTO DOMINION BANK - 0.750% 14,889 13,862
TOTAL CAPITAL - 3.455% - 02/19 5,455 4,827
UNION PACIFIC CORP NOTE - 2.40 5,018 4,459
UNITED STATES TREAS SER AA-202 13,663 13,877
VERIZON - 1.500% - 09/18/2030 4,931 4,126
VERIZON COMMUNICATIONS - 3.376 5,339 4,907
WESTPAC BANKING CORP NOTE - 5. 4,997 5,007

TY 2023 InvestmentsCorpStockSchedule
Name:
The VF Foundation
EIN:
56-2322084
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBEY CAPITAL FUTURES STRATEGY 1,631,575 1,554,599
ABBOTT LABS 25,506 31,810
ACCENTURE PLC 23,339 34,125
ACUSHNET HOLDINGS CORP 17,741 35,817
AFLAC INC 34,900 46,613
AGCO CP 29,589 27,803
APPLE INC 30,936 76,242
AQR EQUITY MRKT NEUTRAL FD CL 637,070 611,424
AQR LONG-SHORT EQUITY FUND CLA 1,681,726 1,576,392
ARISTOTLE VALUE EQUITY FUND CL 2,373,529 2,858,759
BARON GROWTH FUND INSTL 1,060,228 1,114,129
BUNGE GLOBAL SA 22,306 31,799
CANADIAN NATL RAILWAY CO 61,905 65,956
DEERE CO 12,521 29,770
ELI LILLY & CO 31,924 40,326
EQUINIX, INC 28,692 30,704
FORTINET INC 9,442 22,476
GARMIN LTD 29,644 37,148
GOLDMAN SACHS GQG PARTNERS INT 1,000,047 1,146,024
ISHARES BARCLAYS TIPS BOND FUN 264,807 231,748
ISHARES CURRENCY HEDGED MSCI E 1,621,228 1,620,591
ISHARES INC ISHARES MSCI EM ES 98,392 91,018
ISHARES RUSSELL MIDCAP G IN FD 229,539 282,773
ISHARES RUSSELL MIDCAP VALUE 485,121 518,072
ISHARES S&P U.S. PREFERRED STO 566,992 487,094
ISHARES TRUST ISHARES MSCI EAF 250,380 288,110
ISHARES TRUST RUSSELL 1000 GRO 814,330 1,199,037
ISHARES TRUST RUSSELL 1000 VAL 1,018,880 1,235,079
KT CORP ADS 29,150 34,339
LAZARD INTERNATIONAL 1,025,074 1,064,139
LINCOLN NATIONAL CORP 35,851 31,123
MASTERCARD INC 29,630 33,268
MERCK & CO INC 31,298 39,574
MICROSOFT CORP 63,245 82,729
NATIONAL GRID TRANSCO PLC 29,735 30,324
NOVO NORDISK A S 29,707 38,483
OKTA INC 24,435 20,188
PALO ALTO NETWORKS INC 8,708 36,860
PAYPAL HOLDINGS, INC 46,275 26,836
PIMCO TOTAL RETURN ESG FUND CL 575,647 480,857
POLEN GROWTH FUND INSTITUTIONA 2,369,539 2,447,644
PRUDENTIAL FINCL INC 25,903 36,402
QUALCOMM INC 44,662 55,249
SPDR BARCLAYS CAPITAL 1-3 MONT 15,593 15,536
TELEFONICA S A ADR 36,500 29,492
TESLA MOTORS INC 24,008 27,084
THE MOSAIC CO 19,896 30,799
TRANSUNION COM USD0.01 33,683 27,415
UNITEDHEALTH GROUP INC 31,133 41,843
VANGUARD RUSSELL 2000 VALUE 1,820,997 1,795,071
VISA INC 26,173 32,804
VOYA FINANCIAL INC 24,012 31,154
WISDOMTREE EMERGING MARKETS 704,543 494,917
WISDOMTREE FLOATING RATE TREAS 889,283 887,741

TY 2023 InvestmentsGovtObligationsSch
Name:
The VF Foundation
EIN:
56-2322084
US Government Securities - End of Year Book Value:

2,311,019
US Government Securities - End of Year Fair Market Value:

2,358,037
State & Local Government Securities - End of Year Book Value:


146,626
State & Local Government Securities - End of Year Fair Market Value:


141,969


TY 2023 OtherExpensesSchedule
Name:
The VF Foundation
EIN:
56-2322084
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 110,300     110,300
Bank Charges 45 45    
Digital Subscriptions 528     528
Foundation Dues & Memberships 17,020     17,020
Indemnification Insurance 6,543     6,543
Office Supplies 1,110     1,110


TY 2023 OtherProfessionalFeesSchedule
Name:
The VF Foundation
EIN:
56-2322084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SOCIAL MEDIA MANAGEMENT 33,250     33,250
Investment Management Services 145,842 145,842    
Philanthropic Consulting Srvcs 26,560     26,560
WEBSITE MANAGEMENT 69,766     69,766


TY 2023 TaxesSchedule
Name:
The VF Foundation
EIN:
56-2322084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 5,000      
990-PF Excise Tax for 2022 6,838      
Foreign Tax Paid 203 203