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 RUTH J JONES CHARITABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O ROBERT B GREGORY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DAMARISCOTTA, ME04543
A Employer identification number

30-0097675
B Telephone number (see instructions)

(207) 563-8104
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$5,593,205J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 9,299 9,299  
4 Dividends and interest from securities... 66,406 66,406  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 41,886
b Gross sales price for all assets on line 6a 915,103
7 Capital gain net income (from Part IV, line 2)... 41,886
8 Net short-term capital gain......... 530
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0    
12 Total. Add lines 1 through 11........ 117,591 117,591 530
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 25,550      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,100      
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
41,179 41,179    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
13,669 2,368    
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 0      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 82,498 43,547   0
25 Contributions, gifts, grants paid....... 265,500 265,500
26 Total expenses and disbursements. Add lines 24 and 25 347,998 43,547   265,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -230,407
b Net investment income (if negative, enter -0-) 74,044
c Adjusted net income (if negative, enter -0-)... 530
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............. 34,922 26,027 26,027
2 Savings and temporary cash investments......... 181,281 55,284 55,284
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....   0  
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow     0  
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)....... 2,854,479 Click to see attachment
List of Attached Documents:
// Content
2,663,332 		4,941,535
c Investments—corporate bonds (attach schedule)....... 455,680 Click to see attachment
List of Attached Documents:
// Content
551,312 		570,359
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,526,362 3,295,955 5,593,205
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe right arrow) 0 0
23 Total liabilities (add lines 17 through 22).........   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 3,526,362 3,295,955
29 Total net assets or fund balances (see instructions)..... 3,526,362 3,295,955
30 Total liabilities and net assets/fund balances (see instructions). 3,526,362 3,295,955
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
3,526,362
2
Enter amount from Part I, line 27a .....................
2
-230,407
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,295,955
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
3,295,955
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 50000 US TREASURY NOTE P 2023-01-23 2023-10-02
b 100000 US TREASURY NOTE P 2022-12-16 2023-10-02
c 300 ALPHABET P 2012-12-23 2023-01-19
d 200 ALPHABET P 2012-12-23 2023-06-14
e 250 APPLE P 2012-12-23 2023-01-20
150 APPLE P 2012-12-23 2023-06-14
50 BMW BANK CITY UTAH C/D P 2018-06-12 2023-06-15
5 AMERICAN TOWER P 2023-09-07 2023-10-24
50 ASSA ABLOY P 2023-08-25 2023-09-20
38 BAXTER INTL P 2022-08-04 2023-01-20
11 BELDEN P 2023-08-01 2023-09-20
43 BOOT BARN P 2022-12-09 2023-09-20
486.879 CLEARBRIDGE AGRRESSIVE GROWTH P 2023-01-03 2023-10-23
1 CRANE P 2023-01-24 2023-03-29
3 CREDICORP P 2023-06-23 2023-09-20
100 CSPC PHARM P 2023-07-06 2023-10-10
13.500 DAIFUKU P 2022-07-18 2023-01-10
40 DOLLAR GENERAL P 2023-04-06 2023-07-25
14 EXXON MOBIL P 2023-04-20 2023-10-24
15 GENMAB P 2023-07-28 2023-09-20
127 HALEON P 2023-04-06 2023-09-20
33 INTL FLAVORS P 2023-07-25 2023-10-30
10 KERING P 2023-07-06 2023-12-14
6 KUBOTA P 2022-09-30 2023-07-28
5 LONZA GROUP P 2023-07-06 2023-12-29
19 LOUISIANA PACIFIC P 2023-02-10 2023-09-20
25 MANULIFE FINANCIAL P 2022-07-18 2023-01-10
17 MGP INGREDIENTS P 2023-04-04 2023-09-20
1 NORTHRUP GRUMMAN P 2022-11-18 2023-10-24
4 S&P GLOBAL P 2023-06-13 2023-10-24
12 SHIMANO P 2022-10-06 2023-09-20
150 TREX P 2022-09-26 2023-09-25
11 US PHYSICAL THERAPY P 2023-05-24 2023-08-04
96 UNIVAR SOLUTIONS P 2022-09-06 2023-06-14
135 WESTROCK P 2022-10-26 2023-05-23
86 WOODSIDE ENERGY P 2022-06-01 2023-03-14
5 ZOETIS P 2023-07-25 2023-09-20
6 ABBOTT LAB P 2021-09-16 2023-09-20
9 ABBVIE P 2020-02-27 2023-09-20
6 ACCENTURE P 2013-02-27 2023-09-20
483 ADYEN N V P 2021-03-30 2023-10-06
20 AGCO P 2020-03-25 2023-09-20
285 AIA GROUP P 2018-12-18 2023-09-20
27 AIR LIQUIDE P 2018-07-19 2023-09-20
13 ALCON P 2020-06-08 2023-09-20
25 ALFA LAVAL P 2016-02-12 2023-09-20
142 ALLIANZ P 2013-02-27 2023-10-06
265 AMBEV P 2018-08-20 2023-09-20
9 AMERICAN EXPRESS P 2019-08-13 2023-10-24
17 APPLE P 2014-09-02 2023-10-24
56 ARMSTRONG P 2020-10-29 2023-10-24
798 ATLAS P 2019-01-03 2023-10-10
207 BANCO BILBAO P 2016-10-24 2023-09-20
123 BAXTER P 2021-08-26 2023-01-20
43 BHP GROUP P 2021-03-09 2023-10-06
15 BOSTON BEER P 2021-12-13 2023-10-24
82 BRINKS P 2020-09-24 2023-09-20
3 BROADCOM P 2021-04-22 2023-09-20
15 BROADRIDGE FINANCIAL P 2019-02-11 2023-09-20
7 CANADIAN NATIONAL RAILWAY P 2013-02-27 2023-09-20
16 CHARLES SCHWAB P 2020-01-10 2023-09-20
9 CHEVRON P 2015-05-04 2023-09-20
38 CHUBB P 2015-05-20 2023-06-13
32 CHUGAI PHARM P 2019-03-06 2023-10-06
159 CISCO P 2020-11-20 2023-04-20
79 CLEAN HARBORS P 2020-10-29 2023-02-27
2571.533 CLEARBRIDGE P 2019-03-20 2023-10-24
14 COMCAST P 2017-11-07 2023-10-24
192 CRANE P 2021-09-23 2023-03-29
1661 CSPC PHARM P 2021-04-21 2023-09-20
26 DAIFUKU P 2022-07-18 2023-09-20
35 DARLING INGREDIENTS P 2020-03-25 2023-09-20
49 DASSAULT SYSTEMS P 2020-01-09 2023-10-06
56 DBS GROUP P 2013-02-27 2023-09-20
36 DYCOM P 2020-03-25 2023-10-24
17 EATON P 2022-02-14 2023-09-20
2 ELEVANCE P 2019-11-06 2023-09-20
19 ENN ENERGY P 2021-04-27 2023-09-20
45 EPIROC AKTIEBOLAG P 2019-01-03 2023-10-06
221 FANUC P 2016-02-11 2023-12-14
14 FIDELITY NATIONAL INFORMATION P 2013-06-06 2023-09-20
52 FOMENTO P 2018-12-12 2023-10-10
87 HAIER SMART HOME P 2021-12-06 2023-10-06
10 HDFC BK P 2017-07-05 2023-10-06
7 HONEYWELL P 2013-06-18 2023-09-20
291 ICICI BANK P 2016-12-14 2023-10-06
2 IDEX P 2021-10-11 2023-09-20
112 INFINEON P 2019-08-15 2023-11-02
57 INTL FLAVORS P 2023-09-10 2023-10-30
794.408 INVESCO DEVELOPING MKT P 2013-02-27 2023-09-20
10 JPMORGAN CHASE P 2013-06-06 2023-09-20
101 KERING P 2022-09-30 2023-12-14
31 KOMATSU P 2018-11-12 2023-10-06
80 KUBOTA P 2016-05-26 2023-07-28
110 L OREAL P 2013-02-27 2023-09-20
9 LINDE P 2018-11-21 2023-10-24
431 LONZA P 2018-05-18 2023-12-29
5 LOWES P 2017-12-28 2023-09-20
63 MANULIFE P 2022-07-18 2023-10-06
6 MARSH & MCLELLAN P 2014-09-18 2023-10-24
4 MASTERCARD P 2022-02-24 2023-09-20
2 MCDONALDS P 2020-04-06 2023-09-20
26 MICROSOFT P 2019-12-24 2023-10-24
19 MODOLEZ P 2015-09-28 2023-10-24
9 MOTOROLA P 2020-06-18 2023-09-20
44 MURPHY USA P 2021-01-22 2023-10-19
7 NESTLE P 2013-06-06 2023-09-20
31 NEXTERA ENERGY P 2013-06-06 2023-10-24
75 NITORI HOLDINGS P 2020-03-25 2023-10-06
8 NOVOZYMES P 2018-03-27 2023-09-20
42 PT TELEKOMUNIKASI P 2021-06-04 2023-09-20
6 PACKAGING CORP P 2015-07-06 2023-10-24
7 PEPSICO P 2015-02-05 2023-10-24
6 PHILIP MORRIS P 2018-04-04 2023-09-20
62 PHILLIPS 66 P 2016-08-04 2023-08-18
31 PING P 2019-03-27 2023-09-20
66 POLARIS P 2020-11-24 2023-09-20
10 PROLOGIS P 2020-11-20 2023-09-20
28 RIO TINTO P 2019-04-16 2023-10-06
120 ROCHE HOLDINGS P 2019-02-01 2023-10-06
9 SAP P 2019-04-16 2023-09-20
188 SCHNEIDER ELECTRIC P 2019-12-11 2023-12-14
43 SEI INVESTMENTS P 2019-09-03 2023-09-20
31 SHELL P 2016-03-10 2023-10-06
48 SHIONOGI P 2020-02-20 2023-09-20
8 SHISEIDO P 2022-05-02 2023-09-20
8 SONOVA P 2013-02-27 2023-09-20
46 SYMRISE P 2014-06-10 2023-09-20
20 SYSMEX P 2013-06-06 2023-10-06
34 TAIWAN SEMICONDUCTOR P 2019-09-23 2023-10-06
170 TENCENT P 2020-06-08 2023-10-06
9 TEXAS INSTRUMENTS P 2018-03-26 2023-10-24
112 THOR P 2021-06-16 2023-09-20
91 TIMKEN P 2020-03-19 2023-09-20
23 TJX P 2021-02-22 2023-09-20
18 TRANE P 2016-09-28 2023-09-20
26 TREX P 2022-09-26 2023-12-05
111 UNICHARM P 2019-03-06 2023-10-06
12 UNION PACIFIC P 2015-07-02 2023-09-20
3 UNITED HEALTH P 2014-03-14 2023-09-20
520 UNIVAR P 2021-07-06 2023-06-14
8 WALMART P 2021-12-14 2023-09-20
17 WATSCO P 2020-03-25 2023-12-20
14 WEC ENERGY P 2015-09-10 2023-09-20
401 WESTROCK P 2023-03-19 2023-05-23
24 XP P 2019-03-20 2023-09-20
CAPITAL GAIN DISTRIBUTIONS P 2022-01-01 2023-12-31
(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 50,000 0 48,533 1,467
b 100,000 0 96,668 3,332
c 27,209 0 10,720 16,489
d 24,585 0 7,147 17,438
e 33,682 0 4,598 29,084
27,559 0 2,758 24,801
50,000 0 49,625 375
876 0 913 -37
555 0 548 7
1,662 0 2,296 -634
1,070 0 1,051 19
3,665 0 2,706 959
62,554 0 59,380 3,174
110 0 113 -3
414 0 433 -19
277 0 336 -59
162 0 202 -40
6,567 0 9,366 -2,799
1,618 0 1,580 38
569 0 622 -53
1,064 0 1,136 -72
2,124 0 2,839 -715
515 0 520 -5
458 0 419 39
210 0 295 -85
1,189 0 1,242 -53
462 0 435 27
1,806 0 1,609 197
480 0 522 -42
1,521 0 1,506 15
163 0 201 -38
10,048 0 6,961 3,087
1,308 0 1,074 234
3,429 0 2,380 1,049
3,789 0 5,140 -1,351
1,914 0 1,831 83
920 0 947 -27
607 0 766 -159
1,392 0 800 592
1,921 0 447 1,474
8,231 0 7,040 1,191
2,446 0 900 1,546
11,487 0 8,727 2,760
904 0 572 332
1,024 0 819 205
833 0 393 440
3,343 0 1,949 1,394
718 0 1,290 -572
1,421 0 1,128 293
3,014 0 327 2,687
4,173 0 3,450 723
10,831 0 4,588 6,243
1,571 0 1,422 149
5,380 0 9,447 -4,067
2,603 0 3,251 -648
5,645 0 7,139 -1,494
6,422 0 3,947 2,475
2,547 0 1,377 1,170
2,806 0 1,538 1,268
823 0 347 476
924 0 765 159
1,493 0 976 517
7,357 0 4,271 3,086
474 0 371 103
7,725 0 6,334 1,391
10,564 0 5,312 5,252
331,876 0 507,012 -175,136
1,047 0 840 207
21,122 0 11,177 9,945
5,407 0 8,597 -3,190
251 0 263 -12
1,988 0 624 1,364
1,848 0 1,538 310
5,611 0 2,758 2,853
3,424 0 745 2,679
3,578 0 2,549 1,029
890 0 551 339
739 0 1,211 -472
873 0 422 451
3,099 0 3,404 -305
822 0 612 210
5,431 0 4,570 861
1,066 0 1,422 -356
595 0 441 154
1,375 0 541 834
6,063 0 2,051 4,012
426 0 418 8
3,672 0 2,070 1,602
3,746 0 7,538 -3,792
33,115 0 31,530 1,585
1,496 0 634 862
4,748 0 5,193 -445
845 0 846 -1
6,108 0 6,109 -1
8,976 0 3,296 5,680
3,354 0 1,452 1,902
7,157 0 4,932 2,225
1,085 0 433 652
1,222 0 1,098 124
1,184 0 321 863
1,655 0 1,424 231
560 0 342 218
6,922 0 2,434 4,488
1,328 0 781 547
2,437 0 1,276 1,161
15,414 0 5,675 9,739
838 0 470 368
1,943 0 598 1,345
805 0 1,103 -298
339 0 418 -79
1,028 0 1,083 -55
907 0 381 526
1,237 0 675 562
590 0 607 -17
7,936 0 5,916 2,020
368 0 675 -307
8,215 0 5,887 2,328
1,229 0 865 364
1,940 0 1,722 218
4,615 0 3,982 633
1,205 0 1,009 196
7,381 0 4,029 3,352
2,662 0 2,432 230
1,949 0 1,479 470
547 0 705 -158
305 0 379 -74
389 0 188 201
1,170 0 619 551
567 0 308 259
2,947 0 1,501 1,446
7,326 0 7,985 -659
1,457 0 981 476
10,461 0 11,951 -1,490
7,099 0 3,293 3,806
2,100 0 1,599 501
3,616 0 940 2,676
1,817 0 1,144 673
809 0 727 82
2,710 0 1,150 1,560
1,464 0 227 1,237
18,543 0 10,560 7,983
1,314 0 1,155 159
6,529 0 2,369 4,160
1,227 0 665 562
11,177 0 14,550 -3,373
616 0 1,008 -392
11,551 0 0 11,551
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 0 0 0 1,467
b 0 0 0 3,332
c 0 0 0 16,489
d 0 0 0 17,438
e 0 0 0 29,084
0 0 0 24,801
0 0 0 375
0 0 0 -37
0 0 0 7
0 0 0 -634
0 0 0 19
0 0 0 959
0 0 0 3,174
0 0 0 -3
0 0 0 -19
0 0 0 -59
0 0 0 -40
0 0 0 -2,799
0 0 0 38
0 0 0 -53
0 0 0 -72
0 0 0 -715
0 0 0 -5
0 0 0 39
0 0 0 -85
0 0 0 -53
0 0 0 27
0 0 0 197
0 0 0 -42
0 0 0 15
0 0 0 -38
0 0 0 3,087
0 0 0 234
0 0 0 1,049
0 0 0 -1,351
0 0 0 83
0 0 0 -27
0 0 0 -159
0 0 0 592
0 0 0 1,474
0 0 0 1,191
0 0 0 1,546
0 0 0 2,760
0 0 0 332
0 0 0 205
0 0 0 440
0 0 0 1,394
0 0 0 -572
0 0 0 293
0 0 0 2,687
0 0 0 723
0 0 0 6,243
0 0 0 149
0 0 0 -4,067
0 0 0 -648
0 0 0 -1,494
0 0 0 2,475
0 0 0 1,170
0 0 0 1,268
0 0 0 476
0 0 0 159
0 0 0 517
0 0 0 3,086
0 0 0 103
0 0 0 1,391
0 0 0 5,252
0 0 0 -175,136
0 0 0 207
0 0 0 9,945
0 0 0 -3,190
0 0 0 -12
0 0 0 1,364
0 0 0 310
0 0 0 2,853
0 0 0 2,679
0 0 0 1,029
0 0 0 339
0 0 0 -472
0 0 0 451
0 0 0 -305
0 0 0 210
0 0 0 861
0 0 0 -356
0 0 0 154
0 0 0 834
0 0 0 4,012
0 0 0 8
0 0 0 1,602
0 0 0 -3,792
0 0 0 1,585
0 0 0 862
0 0 0 -445
0 0 0 -1
0 0 0 -1
0 0 0 5,680
0 0 0 1,902
0 0 0 2,225
0 0 0 652
0 0 0 124
0 0 0 863
0 0 0 231
0 0 0 218
0 0 0 4,488
0 0 0 547
0 0 0 1,161
0 0 0 9,739
0 0 0 368
0 0 0 1,345
0 0 0 -298
0 0 0 -79
0 0 0 -55
0 0 0 526
0 0 0 562
0 0 0 -17
0 0 0 2,020
0 0 0 -307
0 0 0 2,328
0 0 0 364
0 0 0 218
0 0 0 633
0 0 0 196
0 0 0 3,352
0 0 0 230
0 0 0 470
0 0 0 -158
0 0 0 -74
0 0 0 201
0 0 0 551
0 0 0 259
0 0 0 1,446
0 0 0 -659
0 0 0 476
0 0 0 -1,490
0 0 0 3,806
0 0 0 501
0 0 0 2,676
0 0 0 673
0 0 0 82
0 0 0 1,560
0 0 0 1,237
0 0 0 7,983
0 0 0 159
0 0 0 4,160
0 0 0 562
0 0 0 -3,373
0 0 0 -392
0 0 0 11,551
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 41,886
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 3 530
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 1,029
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 1,029
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 1,029
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 8,181
b Exempt foreign organizations—tax withheld at source...... 6b  
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.............. Part VI Line 7 - Original Return Overpayment : -8181 7 8,181
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 7,152
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,200 Refundedright arrow 11 5,952
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
 
No
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 arrowME
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 instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowROBERT B GREGORY Telephone no.right arrow (207) 563-8104

Located atright arrowPO BOX 760DAMARISCOTTAME ZIP+4right arrow04543
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
 
 
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
ROBERT B GREGORY TRUSTEE
3.00 		25,550 0 0
PO BOX 760
DAMARISCOTTA,ME04543
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...................right arrow 0
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
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
5,237,751
b
Average of monthly cash balances.......................
1b
59,783
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,297,534
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
5,297,534
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
79,463
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,218,071
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
260,904
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
260,904
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,029
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,029
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
259,875
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
259,875
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
259,875
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
265,500
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
265,500
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 7 259,875
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 260,253
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 265,500
a Applied to 2022, but not more than line 2a 260,253
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus 5,247
5 Excess distributions carryover applied to 2023. 5,247 5,247
(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...... 		 
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 .......... 		254,628
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) ... 		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.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
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).)
RUTH J JONES
ESTATE OF RUTH J JONES
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (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

BETHLEHEM COLLEGE & SEMINARY

720 13TH AVE S
MINNEAPOLIS,MN55415 		  PUBLIC UNRESTRICTED 40,000

CARE NET OF MIDCOAST MAINE

7 CUMBERLAND ST
BRUNSWICK,ME04011 		  PUBLIC UNRESTRICTED 5,000

ARRIVE MINISTRIES

1515 EAST 66TH ST
RICHFIELD,MN55423 		  PUBLIC UNRESTRICTED 10,000

TRINITY CAMBRIDGE CHURCH

PO BOX 410171
CAMBRIDGE,MA02141 		  PUBLIC UNRESTRICTED 20,000

CRU

PO BOX 628222
ORLANDO,FL32862 		  PUBLIC UNRESTRICTED 2,000

MCKEEN STUDY CENTER

PO BOX 760
DAMARISCOTTA,ME04543 		  PUBLIC NEW VAN 23,000

MIRUS ACADEMY

460 HIGH ST
ELLSWORTH,ME04605 		  PUBLIC UNRESTRICTED 20,000

COASTAL CHRISTIAN SCHOOL

574 N NOBLEBORO RD
WALDOBORO,ME04572 		  PUBLIC UNRESTRICTED 25,000

GOODWILL NORTHERN NEW ENGLAND

34 HUTCHERSON DR
GORHAM,ME04038 		  PUBLIC UNRESTRICTED 15,000

TOGETHER FOR GOOD

1407 CLEVELAND AVE N
ST PAUL,MN55108 		  PUBLIC UNRESTRICTED 10,000

LIFE HOUSE MAINE

PO BOX 1043
BRUNSWICK,ME04011 		  PUBLIC UNRESTRICTED 20,000

FRONTIERS

PO BOX 60730
PHOENIX,AZ85082 		  PUBLIC UNRESTRICTED 10,000

LINCOLN HEALTH

35 MILES ST
DAMARISCOTTA,ME04543 		  PUBLIC UNRESTRICTED 25,000

CALVARY CHAPEL BANGOR

154 RIVER RD
ORRINGTON,ME04474 		  PUBLIC UNRESTRICTED 500

STEPPING STONE HOUSING

PO BOX 21
DAMARISCOTTA,ME04543 		  PUBLIC UNRESTRICTED 30,000

PEN BAY CHRISTIAN SCHOOL

ONE WALDO AVE
ROCKLAND,ME04841 		  PUBLIC UNRSTRICTED 10,000
Total .................................right arrow 3a 265,500
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 9,299  
4 Dividends and interest from securities ....     14 66,406  
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 41,886  
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) ..   117,591  
13Total. Add line 12, columns (b), (d), and (e)..................
13
117,591
(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.
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with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
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Firm's name SmallBullet
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 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  
Part VI Line 7 -Original Return Overpayment: -8,181


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE RUTH J JONES CHARITABLE FOUNDATION
EIN:
30-0097675
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
B BACHELDER CPA ACCOUNTING 2,100      

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE RUTH J JONES CHARITABLE FOUNDATION
EIN:
30-0097675
Name of Bond End of Year Book Value End of Year Fair Market Value
BLACKROCK ENHANCED EQUITY DIV TR 46,776 61,497
UNITED STATES TREASURY NOTE 98,359 99,770
BEAL BK LAS VEGAS NEV CD 74,850 74,305
UNITED STATES TREAS NOTE DUE 08/15/24 143,566 145,700
ALLY BANK MIDVALE UTAH 74,719 73,343
UNITED STATES TREASURY NOTE 67,749 69,308
UNITED STATES TREASURY NOTE 45,293 46,436

TY 2023 InvestmentsCorpStockSchedule
Name:
THE RUTH J JONES CHARITABLE FOUNDATION
EIN:
30-0097675
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET CLASS C 22,225 211,395
ALPHABET CLASS A 35,734 139,690
AMAZON 21,476 75,970
APPLE 57,013 596,843
CHEVRON 76,601 104,412
COCA COLA 45,706 73,073
COLGATE PALMOLIVE 42,184 63,768
CVS HEALTH 15,224 24,714
DEERE 31,911 29,990
ELI LILY 27,477 29,146
GROWTH FUND AMERICA 88,832 130,192
INVESCO QQQ 24,352 163,808
JP MORGAN CHASE 14,102 42,525
MICROSOFT 12,998 28,203
NETFLIX 9,657 97,376
NVIDIA 22,220 24,761
OCCIDENTAL PETE 14,900 11,942
SECTOR SPDR TECHNOLOGY 50,496 336,840
SERVICENOW 21,424 35,325
SHERWIN WILLIAMS 30,750 93,570
TESLA 10,180 7,454
UBER TECHNOLOGIES 12,948 24,628
UNITED HEALTH 31,118 78,971
VISA 26,989 156,210
ISHARES MSCI EAFE ETF 42,217 56,513
ISHARES MSCI EMERGING MKTS 30,693 30,158
SHOPIFY 11,253 10,127
DEVON ENERGY 14,283 9,060
TRUIST FINANCIAL 10,967 18,460
BAR HARBOR BANKSHARES 29,818 58,720
FIRST BANCORP 81,275 141,100
ISHARES RUSSELL 2000 58,544 140,497
ABBOTT LABS 10,064 9,466
ABBVIE 5,081 8,988
AGCO 16,411 18,454
AMERICAN EXPRESS 5,761 8,617
APPLE 12,192 28,302
ARMSTRONG WORLD INDUSTRIES 15,035 18,779
BELDEN INC 16,571 14,909
BOOT BARN 16,634 19,267
BOSTON BEER 18,867 16,934
BRINK'S COMPANY 15,061 19,789
BROADCOM 7,589 17,860
BROADRIDGE FINANCIAL 17,135 25,307
CHARLES SCHWAB 7,447 9,357
CHEVRON 7,118 8,502
COMCAST 8,067 8,989
DARLING INGREDIENTS 33,450 26,914
DYCOM INDUSTRIES 19,417 27,737
ELEVANCE HEALTH 5,829 8,016
EXXON MOBIL 9,458 8,398
FIDELITY NATIONAL INFORMATION SERVICES 6,318 4,565
FLOOR & DECOR HOLDINGS 3,606 4,685
HONEYWELL 5,000 7,549
IDEX 8,793 9,553
INGEVITY CORP 23,774 17,849
ISHARES S&P 500 GROWTH 340,527 375,425
JP MORGAN CHASE 9,006 11,907
LOUISIANNA PACIFIC 16,279 18,770
LOWES 5,220 9,347
MARSH & MCLENNAN 4,136 8,715
MASTERCARD 8,520 10,236
MCDONALDS 4,734 6,820
MGP 18,521 17,438
MICROSOFT 20,272 26,699
MONDELEZ INTL 4,215 6,881
MOTOROLA 6,690 12,837
MURPHY USA 8,405 13,906
NEXTERA ENERGY 6,232 8,200
NORTHROP GRUMMAN 5,221 4,681
PACKAGING CORP AMER 2,499 4,887
PEPSICO 3,773 6,624
PHILIP MORRIS INTL 6,361 6,962
POLARIS INDUSTRIES 17,099 15,258
SEI INVESTMENTS 12,286 14,807
S&P GLOBAL 6,978 7,929
TEXAS INSTRUMENTS 5,400 8,693
THOR INDUSTRIES 13,893 15,727
TIMKIN 13,031 17,152
TJX COMPANIES 6,132 8,537
TREX 6,863 12,087
UNION PACIFIC 4,177 6,632
UNITEDHEALTH GROUP 6,405 13,162
US PHYSICAL THERAPY 18,856 18,162
WALMART 6,325 6,936
WATSCO 12,763 21,852
WEC ENERGY GROUP 6,365 7,491
ZOETIS 7,576 7,895
ACCENTURE PLD IRELAND 4,726 12,984
ADYEN N V 9,613 6,340
AIA GROUP 9,697 8,331
AIR LIQUIDE 3,507 6,187
ALCON 6,288 7,656
ALFA LAVAL 3,826 7,966
ALLIANZ SE 16,959 21,970
AMBEV SA 7,125 5,275
ASSA ABLOY 4,584 6,020
ATLAS COPCO AB 7,641 10,023
BANCO BILBAO VIZCAY 7,411 10,896
BHP GROUP 14,235 13,662
BIONTECH 6,403 6,438
CANADIAN NATIONAL RAILWAY 2,598 5,653
CHUGAN PHARMACEUTICAL 12,523 18,112
CREDICORP 4,766 4,948
DAIFUKU LTD 4,567 4,634
DASSAULT SYSTEMS 12,771 15,832
DBS GROUP HLDGS 11,063 16,818
EATON 5,548 8,910
ENN ENERGY HOLDINGS 7,342 3,299
EPIROC AKTIEBOLAG 4,100 8,046
FOMENTO ECONOMICO MEXICANO 10,857 17,858
GENMAB 8,164 6,272
HAIER SMART HOME 16,303 13,306
HALEON 11,635 10,790
HDFC BK HOLDINGS 6,464 8,523
ICICI BANK LTD 2,933 5,769
INFINEON TECK 15,075 21,630
INVESCO DEVELOPING MARKETS 283,495 277,845
KOMATSU 5,487 6,566
L OREAL 11,096 16,727
LINDE 7,528 18,893
LUKOIL PJSC 8,771 0
MANULIFE 10,625 13,216
NESTLE SA 5,335 6,604
NITORI HOLDINGS 6,112 5,022
NOVOZYMES 3,691 3,959
P T TELEKOMUNIKASI 6,025 5,951
PNG AN INSURANCE GROUP 6,351 2,734
RIO TINTO 7,140 10,052
ROCHE HOLDINGS LTD 9,548 9,042
SAP SE 12,494 15,459
SCHNEIDER ELECTRIC 5,734 11,446
SHELL 7,500 10,660
SHIMANO 4,318 3,996
SHIONOGI & CO 6,626 5,750
SHISEIDO CO 4,973 3,197
SONOVA HOLDINGS AG 2,103 5,542
SONY 12,078 12,404
SYMRISE AG 3,505 6,494
SYSMEX CORP 4,166 4,208
TAIWAN SEMICONDUCTOR 13,892 19,864
TECENT HOLDINGS 7,889 5,226
TRANE 1,942 7,317
UNICHARM CORP 5,999 6,321
YANDEX 2,033 0
XP INC 5,508 4,667
PROLOGIS 8,875 11,197
AMERICAN TOWER 8,764 10,146

TY 2023 OtherProfessionalFeesSchedule
Name:
THE RUTH J JONES CHARITABLE FOUNDATION
EIN:
30-0097675
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
RBC INVESTMENT COUNSEL 41,179      


TY 2023 TaxesSchedule
Name:
THE RUTH J JONES CHARITABLE FOUNDATION
EIN:
30-0097675
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN 2,368 2,368    
990 PF 3,120      
990 PF ES 8,181