TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

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

Name of foundation
DORIS L HASTINGS CHARITABLE FOUNDATION
TRUST

Number and street (or P.O. box number if mail is not delivered to street address)DELAWARE CORPORATE CENTER II
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198031533

A Employer identification number

30-6597407

B Telephone number (see instructions)

(302) 573-5973

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$10,768,314J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	556		556
4	Dividends and interest from securities...	270,897		270,897
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		12,834
b	Gross sales price for all assets on line 6a 2,515,072
7	Capital gain net income (from Part IV, line 2)...			12,834
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	420	0
12	Total. Add lines 1 through 11........	284,707		284,287
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	89,743	89,743	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	5,542	3,042	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	25,576	25,360	216
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	120,861		118,145	216
25	Contributions, gifts, grants paid.......	600,000			600,000
26	Total expenses and disbursements. Add lines 24 and 25	720,861		118,145	600,216
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-436,154
b	Net investment income (if negative, enter -0-)			166,142
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	129,249	164,014	164,014
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	6,660,490	List of Attached Documents: // Content 6,125,780	7,957,759
	c	Investments—corporate bonds (attach schedule).......	2,695,647	List of Attached Documents: // Content 2,714,978	2,633,209
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	7,710	List of Attached Documents: // Content 9,732	13,332
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,493,096	9,014,504	10,768,314
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	9,493,096	9,014,504
	29	Total net assets or fund balances (see instructions).....	9,493,096	9,014,504
	30	Total liabilities and net assets/fund balances (see instructions).	9,493,096	9,014,504

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

9,493,096

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

-436,154

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

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

9,056,942

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

42,438

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

9,014,504

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	PUBLICLY TRADED SECURITIES LT	P
b	PUBLICLY TRADED SECURITIES ST	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,624,434	1,583,785	40,649
b	890,638	918,453	-27,815
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			40,649
b			-27,815
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	12,834
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	2,309
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	2,309
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	2,309
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	14,310
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	14,310
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	12,001
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax12,001	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

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

By language in the governing instrument, or

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

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

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

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

Yes

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

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

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

Yes

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

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

FIRST STATE TRUST COMPANY Telephone no. right arrow

(877) 829-5500

Located at right arrow

1 RIGHTER PARKWAY STE 120WILMINGTONDE ZIP+4 right arrow

19803

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

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

1a(4)

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

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

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

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

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
FIRST STATE TRUST COMPANY	TRUSTEE 0.00	0	0	0
DELAWARE CORPORATE CENTER II WILMINGTON,DE19803	TRUSTEE 0.00	0	0	0
KAROLYN RILEY NEAT	TRUSTEE 0.00	0	0	0
3402 WALL ROAD GREEN COVE SPRINGS,FL32043	TRUSTEE 0.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

Form 990-PF (2023)

Page 7

Part VII

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

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

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

9,960,246

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

143,626

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

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

10,103,872

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

10,103,872

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

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

151,558

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

9,952,314

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

497,616

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

497,616

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

2,309

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

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

2,309

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

495,307

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

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

495,307

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

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

495,307

Part XI

Qualifying Distributions (see instructions)

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

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

600,216

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

600,216

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					495,307
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......	140,599
f Total of lines 3a through e ........		140,599
4Qualifying distributions for 2023 from Part
XI, line 4: $ 600,216
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					495,307
e Remaining amount distributed out of corpus		104,909
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		245,508
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 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		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 ......		245,508
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....	140,599
e Excess from 2023....	104,909

Form 990-PF (2023)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ASU FOUNDATION 300 E UNIVERSITY DR TEMPE,AZ852812026	NONE	PC	TO ADVANCE, THROUGH PHILANTHROPY, THE SUCCESS OF ARIZONA STATE UNIVERSITY AS A NEW AMERICAN UNIVERSITY	100,000
BASCOM PALMER EYE INSTITUTE 7101 FAIRWAY DRIVE PALM BEACH GARDENS,FL33418	NONE	GOV	DEPT OF OPHTHAMOLOGY OF THE UNIVERSITY OF MIAMI MILLER SCHOOL OF MEDICINE - ENHANCE THE QUALITY OF LIFE BY IMPROVING SIGHT, PREVENTING BLINDNESS, AND ADVANCING OPHTHALMIC KNOWLEDGE THROUGH COMPASSIONATE PATIENT CARE AND INNOVATIVE RESEARCH.	100,000
JOHNS HOPKINS UNIVERSITY MEDICAL SCHOOL 3400 N CHARLES ST BALTIMORE,MD212182696	NONE	PC	EDUCATE ITS STUDENTS AND CULTIVATE THEIR CAPACITY FOR LIFE-LONG LEARNING, TO FOSTER INDEPENDENT AND ORIGINAL RESEARCH, AND TO BRING THE BENEFITS OF DISCOVERY TO THE WORLD	100,000
MAYO CLINIC 200 FIRST STREET SW ROCHESTER,MN55905	NONE	PC	TO INSPIRE HOPE AND CONTRIBUTE TO HEALTH AND WELL - BEING BY PROVIDING THE BEST CARE TO EVERY PATIENT THROUGH INTEGRATED CLINICAL PRACTICE, EDUCATION, AND RESEARCH	100,000
THE PALM BEACH SYMPHONY SOCIETY INC 400 HIBISCUS SR STE 100 WEST PALM BEACH,FL33401	NONE	PC	TO EDUCATE AND TO NURTURE THE LOCAL COMMUNITY IN CLASSICAL SYMPHONIC MUSIC THROUGH THE UTILIZATION OF ITS SYMPHONIC ORCHESTRA	100,000
THE ROYAL POINCIANA CHAPEL 60 COCOANUT ROW PALM BEACH,FL33480	NONE	PC	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	100,000
Total ................................. 3a				600,000

bApproved for future payment

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

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	556
4 Dividends and interest from securities ....			14	270,897
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	12,834
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			01	420
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		284,707	0

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

284,707

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

DORIS L HASTINGS CHARITABLE FOUNDATION

TRUST

EIN:

30-6597407

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AIR PRODUCTS AND CHEMICALS	50,783	52,493
ALLY FINANCIAL INC	66,184	74,657
AMERICAN HONDA FINANCE	80,832	78,286
AON CORP	82,643	71,867
ASTRAZENECA PLC	80,167	73,175
AUTOZONE INC	76,515	69,049
BECTON DICKINSON & CO	78,466	70,719
BOSTON PROPERTIES LP	79,952	71,530
CAPITAL ONE FINL CORP	71,450	73,770
CATERPILLAR FINL SVCS MTNS	49,855	53,437
CITIGROUP INC	78,984	78,065
COMCAST CORP NEW	70,804	66,610
CSX CORP	76,904	68,695
CVS HEALTH CORP	16,589	14,761
DISNEY WALT CO MTNS BE	70,732	75,841
EMERSON ELEC CO	82,311	74,404
ENTERGY CORP NEW	71,128	74,201
ENTERPRISE PRODS OPER LLC	64,638	58,293
EXPEDIA GROUP INC	70,255	73,457
FIFTH THIRD BANCORP	54,024	54,213
GENERAL DYNAMICS CORP	53,331	51,888
GOLDMAN SACHS GROUP INC	52,767	53,858
INTEL CORP	72,023	73,790
KEURIG DR PEPPER INC	66,006	65,346
LOWES COS INC	81,518	73,309
LYB INTERNATIONAL FINANCE III LLC	50,468	53,904
MARRIOTT INTERNATIONAL INC	51,611	52,957
MARSH & MCLENNAN COS INC	79,554	71,758
MCDONALD'S CORP MED TERM NT B	71,548	63,425
ORACLE CORP	79,669	80,177
PIEDMONT NATURAL GAS CO INC	66,447	70,217
REALTY INCOME CORP	70,775	70,829
REYNOLDS AMERICAN INC	49,428	48,476
SHELL INTERNATIONAL FIN BV	65,959	58,133
STATE STREET CORP	50,639	52,613
T-MOBILE USA INC	51,193	52,384
TOYOTA MTR CR CORP	60,119	53,664
TOTALENERGIES CAPITAL INTERNATIONAL SA	50,622	53,084
UNITED PARCEL SERVICE	50,332	51,520
VERIZON	83,927	76,865
WASTE MGMT INC DEL	83,826	77,489

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

DORIS L HASTINGS CHARITABLE FOUNDATION

TRUST

EIN:

30-6597407

Name of Stock	End of Year Book Value	End of Year Fair Market Value
10X GENOMICS INC	1,471	2,233
ADOBE SYSTEMS INC	16,092	39,972
AFFIRM HLDGS INC	3,629	15,037
AIRBNB INC CL A	14,630	14,159
ALCON INC	16,797	24,139
ALPHABET INC CL C	3,027	3,205
AMAZON COM INC	29,536	49,229
AMERIPRISE FINANCIAL INC	6,237	23,170
AMGEN INC	13,001	21,025
ANSYS INC	11,023	24,104
APPLE COMPUTER INC	4,879	24,644
APTIV PLC	4,058	4,695
ASML HOLDINGS NV	5,869	9,840
ATLASSIAN CORP PLC	4,213	6,184
ATMOS ENERGY CORP	16,746	17,733
AURORA INNOVATION INC	2,875	5,585
AUTODESK INC	13,237	18,261
BLACKSTONE ALTERNATIVE INV FDS	510,332	504,033
BLACKSTONE GROUP INC	15,037	22,518
CAPITAL ONE FINL CORP	11,768	23,208
CARVANA CO	4,131	11,700
CLOUDFLARE INC	16,641	30,140
COCA COLA CO	12,397	17,325
COINBASE GLOBAL INC	2,373	8,522
COMMERCE BANCSHARES INC	7,827	8,759
CONSTELLATION BRANDS INC	13,661	14,505
CORTEVA INC	11,577	21,037
COTERRA ENERGY INC	8,988	16,052
CROWN CASTLE INTL CORP NEW	10,764	13,132
CULLEN FROST BANKERS INC	8,102	11,934
DANAHER CORP	8,322	19,567
DOORDASH INC	15,539	25,514
DOXIMITY	1,936	1,823
EATON CORP PLC	6,124	9,784
ECOLAB INC	14,268	18,248
ELI LILLY & CO	2,846	5,246
EQUINIX INC NEW	3,429	7,249
ESTEE LAUDER CO INC CL A	972	1,171
GENERAL DYNAMICS CORP	8,769	16,619
GINKGO BIOWORKS HOLDINGS INC	1,659	1,455
GITLAB INC	2,074	4,040
GLOBAL E ONLINE LTD	5,276	6,143
GRAB HOLDINGS LIMITED	1,240	1,722
HONEYWELL INTL INC	14,872	18,035
INTEL CORP	3,292	5,427
INTELLIA THERAPEUTICS INC	1,208	866
INTERCONTINENTAL EXCHANGE INC	2,196	2,612
INTUIT INC	4,918	7,257
INTUITIVE SURGICAL INC	6,726	10,458
ISHARES CORE S&P SMALLCAP ETF	304,747	460,279
ISHARES RUSSELL 1000 GROWTH	400,453	805,655
ISHARES RUSSELL 1000 VALUE	505,545	748,748
ISHARES RUSSELL MIDCAP INDEX FUND	282,730	447,181
ISHARES SHORT TREASURY BOND	975,083	973,219
LENNAR CORP	7,978	28,169
LOWES COS INC	15,042	16,010
MARSH & MCLENNAN COS INC	6,167	7,353
MARTIN MARIETTA MATLS INC	8,861	25,943
MEDTRONIC PLC	13,502	13,428
MERCADOLIBRE INC	6,257	9,414
MERCK & CO INC	15,040	17,225
META PLATFORMS INC CL A	10,092	22,403
MICHELIN (CGDE) UNSPONS ADR	10,006	15,311
MICROCHIP TECHNOLOGY INC	8,697	23,898
MICROSOFT CORP	17,060	65,807
MICROSTRATEGY INC	763	1,014
MITSUBISHI UFJ FINANCIAL-ADR	5,261	10,823
MODERNA INC	1,096	965
MONSTER BEVERAGE CORP NEW	4,302	8,008
NETFLIX COM INC	6,055	15,156
NEXTERA ENERGY CAP HLDGS INC	615	655
NIKE INC CLASS B	5,774	6,958
NVIDIA CORP	1,959	25,834
OAKMARK INTERNATIONAL ADVISOR	415,371	544,477
OSHKOSH CORP	9,079	12,250
PALO ALTO NETWORKS INC	2,140	12,722
PARKER HANNIFIN CORP	9,930	30,406
PAYPAL HLDGS INC	1,166	1,167
PELOTON INTERACTIVE INC	1,455	1,754
PNC FINANCIAL SERVICES GROUP	12,455	16,259
PROCTER & GAMBLE CO	14,582	15,973
PROKIDNEY CORP	397	429
QUALCOMM INC	9,226	20,537
RAYTHEON TECHNOLOGIES CORP	3,616	5,063
RIVIAN AUTOMOTIVE INC	782	1,408
ROBLOX CORP	16,609	22,997
ROIVANT SCIENCES LTD	3,199	3,279
ROYALTY PHARMA PLC	1,763	1,854
RPM INTERNATIONAL INC	10,227	19,200
S&P GLOBAL INC	3,961	9,745
SALESFORCE.COM	5,916	9,751
SAMSARA INC CL A	3,354	6,175
SHERWIN WILLIAMS CO	6,655	9,045
SHOPIFY INC CLASS A	8,744	24,461
SNOWFLAKE INC	19,559	27,064
SONY CORP ADR	9,543	18,559
SPLUNK INC	2,353	3,870
STRYKER CORP	5,918	7,820
SYSCO CORP	14,909	14,626
TARGET CORPORATION	6,334	7,479
TELEDYNE TECH INC	12,472	13,234
TESLA MOTORS	13,555	19,050
THERMO FISHER SCIENTIFIC INC	5,984	11,735
THORNBURG INVT TR INTL GROWTH CL I	413,489	507,409
TRADE DESK INC CLASS A	15,893	24,035
U S BANCORP COM NEW	14,323	18,697
UBER TECHNOLOGIES INC	10,700	30,908
UNION PACIFIC CORP	5,705	6,125
UNITED PARCEL SERVICE CL B	3,081	4,849
UNITEDHEALTH GROUP INC	7,331	16,321
VANGUARD FTSE DEVELOPED MKTS E	35,434	36,606
VANGUARD FTSE EMERGING MARKETS	359,352	365,888
VANGUARD SHORT TERM BOND ETF	1,019,921	1,009,424
VERALTO CORP	891	2,057
VIRTUS SGA EMG MKTS EQ I	40,642	42,152
VISA INC-CLASS A	10,445	20,818
W W GRAINGER INC	3,480	10,644
WORKDAY INC - CLASS A	4,944	9,110
XCEL ENERGY INC	15,069	15,863
XYLEM INC.	11,094	18,526
ZOETIS INC	3,063	7,166

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

DORIS L HASTINGS CHARITABLE FOUNDATION

TRUST

EIN:

30-6597407

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
EQUITY LIFESTYLE PROPERTIES REIT	AT COST	9,732	13,332

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

DORIS L HASTINGS CHARITABLE FOUNDATION

TRUST

EIN:

30-6597407

Description	Amount
COST BASIS ADJUSTMENT	29,016
BOOK/TAX DIFFERENCE	13,422

- TIN:

TY 2023 OtherExpensesSchedule

Name:

DORIS L HASTINGS CHARITABLE FOUNDATION

TRUST

EIN:

30-6597407

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
MARKET FEES	25,282	25,282	0
ADR FEES	78	78	0
MISC EXP	216	0	216

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

DORIS L HASTINGS CHARITABLE FOUNDATION

TRUST

EIN:

30-6597407

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	420		420

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

DORIS L HASTINGS CHARITABLE FOUNDATION

TRUST

EIN:

30-6597407

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	89,743	89,743		0

- TIN:

TY 2023 TaxesSchedule

Name:

DORIS L HASTINGS CHARITABLE FOUNDATION

TRUST

EIN:

30-6597407

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	3,042	3,042		0
2022 ESTIMATED PAYMENTS	2,500	0		0