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
NESHOLM FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1532 AFT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PENNINGTON, NJ08534
A Employer identification number

94-3055422
B Telephone number (see instructions)

(888) 866-3275
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$83,076,733J 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      
4 Dividends and interest from securities... 2,453,917 2,453,917  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 147,590
b Gross sales price for all assets on line 6a 25,157,840
7 Capital gain net income (from Part IV, line 2)... 147,590
8 Net short-term capital gain......... 0
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........ 2,601,507 2,601,507  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 34,231 0 0 34,231
15 Pension plans, employee benefits....... 15,574 0 0 15,574
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,250 0 0 1,250
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
131,476 78,886   52,590
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
145,061 245   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy.............. 85,336     85,336
21 Travel, conferences, and meetings....... 2,706 0 0 2,706
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
112,644     112,644
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 528,278 79,131 0 304,331
25 Contributions, gifts, grants paid....... 3,825,000 3,825,000
26 Total expenses and disbursements. Add lines 24 and 25 4,353,278 79,131 0 4,129,331
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,751,771
b Net investment income (if negative, enter -0-) 2,522,376
c Adjusted net income (if negative, enter -0-)... 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............. 118,381 1,908 1,908
2 Savings and temporary cash investments......... 3,029,426 1,362,915 1,362,915
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment
List of Attached Documents:
// Content
531,820 		533,845
b Investments—corporate stock (attach schedule)....... 20,457,733 Click to see attachment
List of Attached Documents:
// Content
26,266,386 		74,461,334
c Investments—corporate bonds (attach schedule).......      
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).......... 8,974,924 Click to see attachment
List of Attached Documents:
// Content
5,004,378 		6,716,731
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) 32,580,464 33,167,407 83,076,733
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) Click to see attachment
List of Attached Documents:
// Content
982,571 		Click to see attachment
List of Attached Documents:
// Content
3,328,790
23 Total liabilities (add lines 17 through 22)......... 982,571 3,328,790
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........ 31,597,893 29,838,617
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 31,597,893 29,838,617
30 Total liabilities and net assets/fund balances (see instructions). 32,580,464 33,167,407
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
31,597,893
2
Enter amount from Part I, line 27a .....................
2
-1,751,771
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,410
4
Add lines 1, 2, and 3 ..........................
4
29,851,532
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
12,915
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
29,838,617
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 350. ADOBE SYS INC COM   2023-03-21 2023-06-27
b 3780. AMEREN CORP   2023-06-27 2023-11-22
c 3443. ANALOG DEVICES INC   2022-12-13 2023-06-27
d 150. ANALOG DEVICES INC   2023-01-25 2023-06-27
e 510. APPLE INC   2022-12-13 2023-06-27
450. ARISTA NETWORKS INC   2022-12-13 2023-06-27
2980. BRISTOL MYERS SQUIBB CO COM   2023-03-21 2023-08-29
588. BRISTOL MYERS SQUIBB CO COM   2023-06-13 2023-08-29
47. BROADCOM INC   2019-01-30 2023-05-23
23. BROADCOM INC   2019-01-30 2023-05-30
26. BROADCOM INC   2019-01-30 2023-09-19
28. BROADCOM INC   2019-01-30 2023-09-20
51. BROADCOM INC   2019-01-30 2023-09-21
2810. CVS HEALTH CORP   2022-12-13 2023-06-27
1660. CARDINAL HEALTH INCORPORATED   2023-03-21 2023-06-27
8. CHEVRON CORP   2020-04-29 2023-03-21
6. CHEVRON CORP   2016-01-11 2023-03-21
124. CHEVRON CORP   2020-04-27 2023-03-21
39. CHEVRON CORP   2016-02-23 2023-03-21
102. CHEVRON CORP   2016-07-19 2023-03-21
367. CHEVRON CORP   2016-07-20 2023-03-21
559. CHEVRON CORP   2020-04-28 2023-03-21
304. COGNIZANT TECHNOLOGY SOLUTIONS CORP   2020-05-08 2023-10-03
41. COMCAST CORP   2022-09-19 2023-10-03
692. COMCAST CORP   2020-03-20 2023-10-03
3070. COMERICA INC   2022-12-12 2023-03-29
67. COMERICA INC   2022-12-13 2023-03-29
1226. CONAGRA BRANDS INC   2023-06-13 2023-11-22
3567. CONAGRA BRANDS INC   2023-03-21 2023-11-22
1930. CONAGRA BRANDS INC   2023-03-22 2023-11-22
24. DISCOVER FINANCIAL SERVICES   2020-12-16 2023-02-15
75. DISCOVER FINANCIAL SERVICES   2020-12-17 2023-02-15
699. DISCOVER FINANCIAL SERVICES   2020-12-17 2023-02-16
103. DISCOVER FINANCIAL SERVICES   2020-12-17 2023-02-17
13840. DOCUSIGN INC   2023-06-27 2023-12-08
345. EDISON INTERNATIONAL   2016-01-11 2023-12-19
60. EDISON INTERNATIONAL   2018-07-09 2023-12-20
566. EDISON INTERNATIONAL   2016-01-11 2023-12-20
462. EDISON INTERNATIONAL   2018-07-09 2023-12-21
12110. FORTINET INC   2023-08-29 2023-12-01
1210. GENUINE PARTS CO   2023-03-21 2023-11-22
278. GENUINE PARTS CO   2023-06-13 2023-11-22
1650. GOLDMAN SACHS GROUP INC   2022-12-13 2023-06-27
60. GOLDMAN SACHS GROUP INC   2023-01-25 2023-06-27
775. GOLDMAN SACHS GROUP INC   2022-12-13 2023-06-27
143. GOLDMAN SACHS GROUP INC   2023-06-13 2023-06-27
2630. HCA HEALTHCARE INC   2023-08-29 2023-12-01
70. HOME DEPOT INC/THE   2023-01-25 2023-03-21
1820. HOME DEPOT INC/THE   2022-12-13 2023-03-21
780. HOME DEPOT INC/THE   2022-12-13 2023-03-21
62005. INVESCO PREFERRED ETF   2022-12-13 2023-11-22
23027. ISHARES U.S. PREFERRED STOCK ETF   2022-12-13 2023-11-22
18553. ISHARES SHORT MATURITY BOND ETF   2022-12-13 2023-04-24
1120. ISHARES SHORT MATURITY BOND ETF   2023-01-18 2023-04-24
32328. ISHARES SHORT MATURITY BOND ETF   2022-12-13 2023-04-24
8398. JABIL INC   2022-12-13 2023-12-01
1910. JOHNSON & JOHNSON   2023-06-27 2023-11-22
387. KROGER CO   2023-06-13 2023-11-22
106. KROGER CO   2022-12-13 2023-11-22
4440. KROGER CO   2022-12-12 2023-11-22
2643. LABORATORY CORP AMER HLDGS COM NEW   2022-12-13 2023-03-21
1691. MASTERCARD INC   2022-12-13 2023-03-21
17750. MEDICAL PROPERTIES TRUST INC   2022-12-12 2023-03-21
5. MERCK AND CO INC SHS   2016-01-11 2023-03-21
13. MERCK AND CO INC SHS   2016-01-11 2023-03-21
820. MERCK AND CO INC SHS   2016-01-11 2023-03-21
174. MERCK AND CO INC SHS   2016-01-13 2023-03-21
352. MERCK AND CO INC SHS   2015-06-11 2023-03-21
471. MERCK AND CO INC SHS   2016-01-12 2023-03-21
69. MERCK AND CO INC SHS   2016-02-23 2023-03-21
1234. METLIFE INC   2021-02-11 2023-05-12
860. METLIFE INC   2023-06-13 2023-06-27
3420. METLIFE INC   2023-03-21 2023-06-27
181. MICROSOFT CORPORATION   2015-05-14 2023-06-27
509. MICROSOFT CORPORATION   2020-04-16 2023-06-27
110. MICROSOFT CORPORATION   2016-02-23 2023-06-27
210. MICROCHIP TECHNOLOGY INC COM   2023-06-27 2023-08-29
150. MICROCHIP TECHNOLOGY INC COM   2023-01-25 2023-08-29
7813. MICROCHIP TECHNOLOGY INC COM   2022-12-13 2023-08-29
28. MOTOROLA SOLUTIONS INC   2020-10-15 2023-12-08
15766. NOV INC   2023-06-27 2023-12-01
29574. NOV INC   2023-06-27 2023-12-04
16530. NEWMONT MINING CORP   2023-06-27 2023-08-29
1016. NEXTERA ENERGY INC   2023-06-13 2023-11-22
1801. NEXTERA ENERGY INC   2022-12-13 2023-11-22
9449. OCCIDENTAL PETROLEUM CORP   2022-12-13 2023-03-21
7580. ON SEMICONDUCTOR CORP COM   2023-08-29 2023-12-01
15. ORACLE CORP   2017-02-02 2023-05-23
228. ORACLE CORP   2017-02-02 2023-06-08
6. ORACLE CORP   2017-02-02 2023-12-08
2087. PACKAGING CORP OF AMERICA   2022-12-13 2023-03-21
700. PALO ALTO NETWORKS INC   2022-12-13 2023-06-27
374. PAYCHEX INC   2023-06-13 2023-11-22
1661. PAYCHEX INC   2015-05-19 2023-11-22
3370. PFIZER INC   2015-05-19 2023-03-21
167. PFIZER INC   2016-02-23 2023-03-21
493. PFIZER INC   2019-09-05 2023-03-21
1275. PFIZER INC   2022-12-13 2023-03-21
572. PFIZER INC   2019-09-04 2023-03-21
514. PUBLIC STORAGE   2022-12-13 2023-03-29
2560. PURE STORAGE INC SHS   2022-12-13 2023-06-27
17625. PURE STORAGE INC SHS   2022-12-13 2023-12-01
1770. PURE STORAGE INC SHS   2023-01-25 2023-12-01
150. TJX COMPANIES INCORPORATED NEW   2021-12-17 2023-11-09
1063. THERMO FISHER SCIENTIFIC INC   2022-12-13 2023-08-29
320. THERMO FISHER SCIENTIFIC INC   2023-06-27 2023-08-29
502000. U.S. TREASURY BILL   2023-07-06 2023-07-24
453000. U.S. TREASURY BILL   2023-05-31 2023-06-13
753000. U.S. TREASURY BILL   2023-05-31 2023-06-27
224000. U.S. TREASURY BILL   2023-05-31 2023-06-27
780000. U.S. TREASURY BILL   2023-08-04 2023-08-29
1319000. U.S. TREASURY BILL   2023-11-08 2023-11-22
543000. U.S. TREASURY BILL   2023-11-08 2023-12-01
528. VISA INC   2020-04-16 2023-06-27
392. VISA INC   2021-11-18 2023-06-27
2100. BUNGE LIMITED SHS   2023-03-21 2023-06-27
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(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 171,318   130,500 40,818
b 290,310   312,171 -21,861
c 652,878   609,810 43,068
d 28,444   24,975 3,469
e 95,874   75,490 20,384
69,919   60,941 8,978
186,464   200,848 -14,384
36,792   38,005 -1,213
32,349   12,723 19,626
18,617   6,226 12,391
22,032   7,038 14,994
23,529   7,580 15,949
41,357   13,806 27,551
192,954   286,847 -93,893
154,583   119,760 34,823
1,272   740 532
954   485 469
19,712   11,170 8,542
6,200   3,381 2,819
16,215   10,802 5,413
58,343   38,836 19,507
88,865   50,323 38,542
20,435   17,158 3,277
1,787   1,403 384
30,168   23,085 7,083
135,967   207,074 -71,107
2,967   4,464 -1,497
34,672   42,194 -7,522
100,878   129,706 -28,828
54,582   71,203 -16,621
2,760   2,055 705
8,624   6,526 2,098
78,857   60,821 18,036
11,333   8,962 2,371
679,764   705,044 -25,280
24,165   20,368 3,797
4,173   3,936 237
39,370   33,416 5,954
31,771   30,304 1,467
632,952   733,145 -100,193
166,302   200,934 -34,632
38,208   44,224 -6,016
518,396   610,302 -91,906
18,851   20,890 -2,039
243,489   287,082 -43,593
44,928   48,969 -4,041
663,299   734,491 -71,192
20,229   22,119 -1,890
525,952   611,053 -85,101
225,408   261,206 -35,798
676,023   731,659 -55,636
689,943   730,977 -41,034
920,778   914,477 6,301
55,585   55,428 157
1,604,426   1,593,433 10,993
983,993   609,887 374,106
287,998   312,264 -24,266
16,904   18,111 -1,207
4,630   4,869 -239
193,939   207,253 -13,314
582,439   608,000 -25,561
597,591   611,450 -13,859
140,684   208,690 -68,006
526   250 276
1,369   650 719
86,335   39,864 46,471
18,320   8,555 9,765
37,061   19,783 17,278
49,590   22,948 26,642
7,265   3,324 3,941
61,919   68,045 -6,126
47,263   47,411 -148
187,951   200,099 -12,148
60,529   8,811 51,718
170,216   88,982 81,234
36,785   5,674 31,111
17,203   18,049 -846
12,288   11,273 1,015
640,030   610,851 29,179
9,084   4,804 4,280
301,751   248,056 53,695
563,084   465,305 97,779
649,141   700,555 -51,414
58,281   75,627 -17,346
103,311   156,534 -53,223
569,780   612,446 -42,666
560,358   737,935 -177,577
1,518   598 920
24,457   9,095 15,362
681   239 442
277,417   287,349 -9,932
176,983   114,198 62,785
44,497   42,477 2,020
197,621   83,581 114,040
136,416   109,836 26,580
6,760   4,757 2,003
19,956   16,935 3,021
51,611   67,836 -16,225
23,154   19,399 3,755
148,523   156,875 -8,352
92,193   77,695 14,498
582,724   534,915 47,809
58,520   48,135 10,385
13,654   11,136 2,518
589,303   611,993 -22,690
177,401   162,349 15,052
500,130   500,095 35
450,976   450,976  
749,683   749,636 47
223,013   222,999 14
776,748   776,701 47
1,314,272   1,313,977 295
541,159   540,932 227
120,409   86,218 34,191
89,395   78,977 10,418
193,418   203,421 -10,003
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
      1,607
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       40,818
b       -21,861
c       43,068
d       3,469
e       20,384
      8,978
      -14,384
      -1,213
      19,626
      12,391
      14,994
      15,949
      27,551
      -93,893
      34,823
      532
      469
      8,542
      2,819
      5,413
      19,507
      38,542
      3,277
      384
      7,083
      -71,107
      -1,497
      -7,522
      -28,828
      -16,621
      705
      2,098
      18,036
      2,371
      -25,280
      3,797
      237
      5,954
      1,467
      -100,193
      -34,632
      -6,016
      -91,906
      -2,039
      -43,593
      -4,041
      -71,192
      -1,890
      -85,101
      -35,798
      -55,636
      -41,034
      6,301
      157
      10,993
      374,106
      -24,266
      -1,207
      -239
      -13,314
      -25,561
      -13,859
      -68,006
      276
      719
      46,471
      9,765
      17,278
      26,642
      3,941
      -6,126
      -148
      -12,148
      51,718
      81,234
      31,111
      -846
      1,015
      29,179
      4,280
      53,695
      97,779
      -51,414
      -17,346
      -53,223
      -42,666
      -177,577
      920
      15,362
      442
      -9,932
      62,785
      2,020
      114,040
      26,580
      2,003
      3,021
      -16,225
      3,755
      -8,352
      14,498
      47,809
      10,385
      2,518
      -22,690
      15,052
      35
       
      47
      14
      47
      295
      227
      34,191
      10,418
      -10,003
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 147,590
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 35,061
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 35,061
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 35,061
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 59,883
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 59,883
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 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 24,822
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow24,822 Refundedright arrow 11 0
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 arrowWA
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 arrow  
14
The books are in care ofright arrowBANK OF AMERICA NA Telephone no.right arrow (888) 866-3275

Located atright arrowPO BOX 1532 AFTPENNINGTONNJ ZIP+4right arrow08534
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
JOHN F NESHOLM PRESIDENT
5 		0    
120 LAKESIDE AVENUE SUITE 340
SEATTLE,WA98122
ERIKA J NESHOLM EXECUTIVE DIRECTOR
20 		0    
120 LAKESIDE AVENUE SUITE 340
SEATTLE,WA98122
KIRSTEN NESHOLM DIRECTOR
3 		0    
120 LAKESIDE AVENUE SUITE 340
SEATTLE,WA98122
CAROL LEWIS VICE PRESIDENT
3 		0    
120 LAKESIDE AVENUE SUITE 340
SEATTLE,WA98122
LAUREL NESHOLM DIRECTOR
3 		0    
120 LAKESIDE AVENUE SUITE 340
SEATTLE,WA98122
MANEESH BATRA TREASURER
3 		0    
120 LAKESIDE AVENUE SUITE 340
SEATTLE,WA98122
JOAQUIN HERNANDEZ SECRETARY
3 		0    
120 LAKESIDE AVENUE SUITE 340
SEATTLE,WA98122
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
BANK OF AMERICA INVESTMENT MANAGER 131,476
PO BOX 1532
PENNINGTON,NJ08534
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
81,850,191
b
Average of monthly cash balances.......................
1b
1,574,988
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
83,425,179
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
0
3
Subtract line 2 from line 1d.........................
3
83,425,179
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,251,378
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
82,173,801
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,108,690
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
4,108,690
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
35,061
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
35,061
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,073,629
4
Recoveries of amounts treated as qualifying distributions................
4
2,500
5
Add lines 3 and 4............................
5
4,076,129
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
4,076,129
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
4,129,331
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
4,129,331
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 4,076,129
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 3,954,688
b Total for prior years:20 , 20, 20 0
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$ 4,129,331
a Applied to 2022, but not more than line 2a 3,954,688
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 174,643
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		3,901,486
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019.... 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).)
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:
NESHOLM FAMILY FOUNDATION
120 LAKESIDE AVENUE SUITE 340
SEATTLE,WA98122
(206) 324-3339
bThe form in which applications should be submitted and information and materials they should include:
SEE ATTACHED
cAny submission deadlines:
SEE ATTACHED
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE ATTACHED
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

SEE ATTACHED STATEMENT

SEE ATTACHED STATEMENT
SEE ATTACHED STATEMENT,WA98101 		SEE ATTACHED STATEMENT SEE ATTACHED STATEME SEE ATTACHED STATEMENT 3,825,000
Total .................................right arrow 3a 3,825,000
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 ........... 		         
4 Dividends and interest from securities ....     14 2,453,917  
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 ............ 		    18 147,590  
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) ..   2,601,507  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,601,507
(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

TY 2023 AccountingFeesSchedule
Name:
NESHOLM FAMILY FOUNDATION
EIN:
94-3055422
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 1,250     1,250

TY 2023 ContractorCompensationExpln
Name:
NESHOLM FAMILY FOUNDATION
EIN:
94-3055422
Contractor Explanation
BANK OF AMERICA INVESTEMENT MANAGEMENT FEES

TY 2023 InvestmentsCorpStockSchedule
Name:
NESHOLM FAMILY FOUNDATION
EIN:
94-3055422
Name of Stock End of Year Book Value End of Year Fair Market Value
666807102 NORTHROP GRUMMAN COR 39,601 80,520
68389X105 ORACLE CORP 450,564 637,113
58933Y105 MERCK AND CO INC SHS 63,565 92,340
548661107 LOWES COMPANIES INC 92,829 96,587
704326107 PAYCHEX INC    
92343V104 VERIZON COMMUNICATIO 121,573 94,702
039483102 ARCHER-DANIELS-MIDLA 309,027 298,774
126650100 CVS HEALTH CORP 72,967 87,961
20825C104 CONOCOPHILLIPS 349,173 414,834
17275R102 CISCO SYSTEMS INC 192,906 325,652
026874784 AMERICAN INTERNATION 29,379 102,574
125523100 CIGNA CORP 52,653 85,343
256746108 DOLLAR TREE INC 53,088 88,355
855244109 STARBUCKS CORP 740,968 693,192
478160104 JOHNSON & JOHNSON 53,095 81,662
717081103 PFIZER INC    
281020107 EDISON INTERNATIONAL    
806857108 SCHLUMBERGER LTD 965,581 1,006,766
92826C839 VISA INC 255,480 799,795
166764100 CHEVRONTEXACO CORP    
037833100 APPLE INC 629,595 1,056,797
29476L107 EQUITY RESIDENTIAL 89,743 91,006
594918104 MICROSOFT CORP COM 242,431 1,298,466
11135F101 BROADCOM INC 208,716 405,199
89832Q109 TRUIST FINL CORP 85,610 88,830
67066G104 NVIDIA CORP 753,007 797,304
205887102 CONAGRA BRANDS INC 90,331 82,025
26614N102 DUPONT DE NEMOURS IN 81,285 101,394
254709108 DISCOVER FINANCIAL S    
192446102 COGNIZANT TECHNOLOGY 72,888 92,298
20030N101 COMCAST CORP 64,730 82,964
438516106 HONEYWELL INTERNATIO 85,193 90,385
79466L302 SALESFORCE COM INC 752,169 760,475
620076307 MOTOROLA SOLUTIONS I 54,730 99,876
75513E101 RAYTHEON TECHNOLOGIE 74,750 90,871
254687106 WALT DISNEY CO/THE 105,798 86,859
256677105 DOLLAR GENERAL CORP 126,984 99,244
071813109 BAXTER INTERNATIONAL 140,280 93,866
31620M106 FIDELITY NATL INFO S 169,602 87,462
872540109 TJX COS INC/THE 69,439 95,499
902973304 US BANCORP DEL 129,532 104,564
59156R108 METLIFE INC    
260003108 DOVER CORP 113,892 101,361
370334104 GENERAL MILLS INC 337,268 253,525
91913Y100 VALERO ENERGY CORP 731,259 790,920
388689101 GRAPHIC PACKAGING HO 208,381 231,710
74460D109 PUBLIC STORAGE    
56585A102 MARATHON PETROLEUM C 224,012 299,390
466313103 JABIL INC    
032654105 ANALOG DEVICES INC    
848637104 SPLUNK INC 624,047 1,038,265
501044101 KROGER CO/THE    
38141G104 GOLDMAN SACHS GROUP    
674599105 OCCIDENTAL PETROLEUM    
58463J304 MEDICAL PROPERTIES T    
718546104 PHILLIPS 66 216,089 284,920
883556102 THERMO FISHER SCIENT    
50540R409 LABORATORY CORP AMER    
695156109 PACKAGING CORP OF AM    
90384S303 ULTA SALON COSMETICS 721,913 747,235
57636Q104 MASTERCARD INC    
437076102 HOME DEPOT INC/THE    
697435105 PALO ALTO NETWORKS I 532,112 967,501
852234103 SQUARE INC SHS 900,467 851,624
65339F101 NEXTERA ENERGY INC    
760759100 REPUBLIC SERVICES IN 286,838 345,651
46625H100 J P MORGAN CHASE & C 968,608 1,250,065
595017104 MICROCHIP TECHNOLOGY    
74624M102 PURE STORAGE INC SHS    
74834L100 QUEST DIAGNOSTICS IN 1,017,908 944,616
200340107 COMERICA INC    
436440101 HOLOGIC INC 97,852 88,812
040413106 ARISTA NETWORKS INC 604,199 1,062,621
UNITED    
001084102 AGCO CORP 757,838 789,165
00130H105 AES CORP/VA 317,077 362,035
00724F101 ADOBE SYS INC COM 533,186 853,138
020002101 ALLSTATE CORP/THE 87,023 103,305
05722G100 BAKER HUGHES A GE CO 322,070 328,470
14040H105 CAPITAL ONE FINANCIA 318,215 390,738
14149Y108 CARDINAL HEALTH INC 861,659 1,117,469
149123101 CATERPILLAR INC 314,566 387,328
172967424 CITIGROUP INC 316,304 361,623
229899109 CULLEN/FROST BANKERS 173,996 191,268
26441C204 DUKE ENERGY CORP 90,889 91,412
291011104 EMERSON ELECTRIC CO 318,877 349,415
31428X106 FEDEX CORP 753,827 699,462
375558103 GILEAD SCIENCES INC 319,347 342,672
580135101 MC DONALDS CORPORATI 316,819 332,091
609207105 MONDELEZ INTERNATION 317,028 322,314
69318G106 PBF ENERGY INC 737,610 761,651
70438V106 PAYLOCITY HLDG CORP 759,435 784,686
742718109 PROCTER & GAMBLE CO/ 318,662 309,199
833445109 SNOWFLAKE INC REG SH 758,327 815,900
879360105 TELEDYNE TECHNOLOGIE 86,533 92,382
949746101 WELLS FARGO & CO NEW 317,170 365,705
G29183103 EATON CORP PLC 318,656 334,740
G5960L103 MEDTRONIC PLC SHS 757,657 781,786
H11356104 BUNGE GLOBAL SA ACT 320,260 295,784
N6596X109 NXP SEMICONDUCTORS N 319,248 369,785
EMA BALANCE   42,578,041

TY 2023 InvestmentsGovtObligationsSch
Name:
NESHOLM FAMILY FOUNDATION
EIN:
94-3055422
US Government Securities - End of Year Book Value:

531,820
US Government Securities - End of Year Fair Market Value:

533,845
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
NESHOLM FAMILY FOUNDATION
EIN:
94-3055422
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
46138E511 INVESCO PREFERRED ET      
46431W507 ISHARES SHORT MATURI      
464288687 ISHARES US PREFERRED      
ISHARES RUSSELL 1000 AT COST 5,004,378 6,716,731

TY 2023 OtherDecreasesSchedule
Name:
NESHOLM FAMILY FOUNDATION
EIN:
94-3055422
Description Amount
DEPRECIATION EXPENSE 12,063
SECURITIES ADJ 844
ROUNDING 8


TY 2023 OtherExpensesSchedule
Name:
NESHOLM FAMILY FOUNDATION
EIN:
94-3055422
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INTEREST ON LOC 88,415 0   88,415
OTHER OFFICE EXPENSES 6,482 0   6,482
OTHER CHARITABLE EXPENSES 7,072 0   7,072
PHILANTHROPY NORTHWEST 10,675 0   10,675


TY 2023 OtherIncreasesSchedule
Name:
NESHOLM FAMILY FOUNDATION
EIN:
94-3055422
Description Amount
TYE INCOME ADJ 2,281
EXPENSE ADJ 629
RECOVERY 2,500


TY 2023 OtherLiabilitiesSchedule
Name:
NESHOLM FAMILY FOUNDATION
EIN:
94-3055422
Description Beginning of Year - Book Value End of Year - Book Value
LINE OF CREDIT 982,571 3,328,790


TY 2023 OtherProfessionalFeesSchedule
Name:
NESHOLM FAMILY FOUNDATION
EIN:
94-3055422
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 131,476 78,886   52,590


TY 2023 TaxesSchedule
Name:
NESHOLM FAMILY FOUNDATION
EIN:
94-3055422
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 245 245   0
FEDERAL BALANCE DUE 103,000 0   0
FEDERAL ESTIMATES 30,000 0   0
EMPLOYMENT TAXES 11,816 0   0