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
JEANNINE Y FRANCIS CHARITABLE
FOUNDATION TRUST
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2846
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HUNTINGTON, WV257282846
A Employer identification number

55-0760949
B Telephone number (see instructions)

(304) 523-6491
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$4,200,694J 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 1,465 1,465  
4 Dividends and interest from securities... 106,072 106,072  
5a Gross rents............ 15,490 15,490  
b Net rental income or (loss) -15,379
6a Net gain or (loss) from sale of assets not on line 10 55,243
b Gross sales price for all assets on line 6a 158,211
7 Capital gain net income (from Part IV, line 2)... 55,243
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)....... Click to see attachment
List of Attached Documents:
// Content
639 639  
12 Total. Add lines 1 through 11........ 178,909 178,909  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 97,000 77,600   19,400
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,600 2,080   520
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
7,471 2,501    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
21,090 21,090  
20 Occupancy.............. 5,160 4,128   1,032
21 Travel, conferences, and meetings....... 6,625 5,300   1,325
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,293 10,492   801
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 151,239 123,191   23,078
25 Contributions, gifts, grants paid....... 166,240 166,240
26 Total expenses and disbursements. Add lines 24 and 25 317,479 123,191   189,318
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -138,570
b Net investment income (if negative, enter -0-) 55,718
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 63,835 48,963 48,963
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,233,530 Click to see attachment
List of Attached Documents:
// Content
1,127,750 		2,511,487
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).......... 660,883 Click to see attachment
List of Attached Documents:
// Content
660,883 		919,016
14 Land, buildings, and equipment: basis right arrow851,482
Less: accumulated depreciation (attach schedule) right arrow130,254 742,318 Click to see attachment
List of Attached Documents:
// Content
721,228 		721,228
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,700,566 2,558,824 4,200,694
Liabilities 17 Accounts payable and accrued expenses.......... 360  
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 360 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 2,700,206 2,558,815
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds   9
29 Total net assets or fund balances (see instructions)..... 2,700,206 2,558,824
30 Total liabilities and net assets/fund balances (see instructions). 2,700,566 2,558,824
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
2,700,206
2
Enter amount from Part I, line 27a .....................
2
-138,570
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,561,636
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2,812
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,558,824
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 700 SHS GENERAL MILLS P 2012-11-30 2023-03-06
b 3,550 RITHM CAPITAL CORP NEW P 2017-03-23 2023-03-06
c 1,040 SHS BRISTOL MYERS SQUIBB CO P 2009-06-09 2023-03-06
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 54,651   28,693 25,958
b 31,976   53,537 -21,561
c 70,979   20,738 50,241
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       25,958
b       -21,561
c       50,241
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 55,243
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) 1 774
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 774
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 774
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 992
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 992
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 1
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 10 217
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 217
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 arrow
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowGARY D BALDWIN Telephone no.right arrow (304) 523-6491

Located atright arrowPO BOX 2846HUNTINGTONWV ZIP+4right arrow25728
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
 
No
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
JORDAN BALDWIN MANAGER
40.00 		52,000 0 0
PO BOX 2846
HUNTINGTON,WV25728
GARY D BALDWIN TRUSTEE
10.00 		45,000 0 0
PO BOX 2846
HUNTINGTON,WV25728
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  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right 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 N/A  
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
3,361,698
b
Average of monthly cash balances.......................
1b
103,931
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,465,629
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
3,465,629
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
51,984
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,413,645
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
170,682
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
170,682
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
774
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
774
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
169,908
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
169,908
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
169,908
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
189,318
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
189,318
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 7 169,908
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 37,541
b From 2019...... 21,766
c From 2020...... 27,468
d From 2021...... 24,290
e From 2022...... 6,847
f Total of lines 3a through e ........ 117,912
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 189,318
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 169,908
e Remaining amount distributed out of corpus 19,410
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 137,322
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		37,541
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		99,781
10 Analysis of line 9:
a Excess from 2019.... 21,766
b Excess from 2020.... 27,468
c Excess from 2021.... 24,290
d Excess from 2022.... 6,847
e Excess from 2023.... 19,410
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:
GARY D BALDWIN
PO BOX 2846
HUNTINGTON,WV25728
(304) 523-6491
GBALDWIN.FRANCISTRUST@GMAIL.COM
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN APPLICATION SPECIFYING INTENDED USE OF FUNDS INCLUDING VERIFICATION OF 501 (C)(3) STATUS.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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

THE BIG GREEN FOUNDATION

400 HAL GREER BLVD
HUNTINGTON,WV25755 		NONE NONPROFIT CHARITABLE 30,000

HIGHLAWN PRESBYTERIAN CHURCH

2814 COLLIS AVE
WILLIAMSON,WV25702 		NONE NONPROFIT COMMUNITY 3,240

DAVIS-STUART INC

163 COTTAGE DR
LEWISBURG,WV24901 		NONE EDUCATIONAL CHARITABLE 20,500

GREENBRIER VALLEY THEATRE

1038 E WASHINGTON ST
LEWISBURG,WV24901 		NONE NONPROFIT ARTS/EDUCATION 15,000

ABLE FAMILIES INC

PO BOX 1249
KERMIT,WV25674 		NONE NONPROFIT CHARITABLE 10,000

JOHN W HEREFORD BOYS & GIRLS CLUB

520 EVERETT STREET
HUNTINGTON,WV25702 		NONE NONPROFIT CHARITABLE 17,500

SOUTHERN WV COMMUNITY COLLEGE

2900 DEMPSEY BRANCH ROAD
MOUNT GAY,WV25637 		NONE NONPROFIT EDUCATIONAL 24,000

FIRST PRESBYTERIAN CHURCH

29 W SIXTH AVE
WILLIAMSON,WV25661 		NONE NONPROFIT CHARITABLE 1,500

APPALACHIAN LEADERSHIP & EDUCATION

PO BOX 1307
CHARLESTON,WV25325 		NONE NONPROFIT EDUCATIONAL 10,000

MARSHALL UNIVERSITY FOUNDATION

ONE JOHN MARSHALL DRIVE
HUNTINGTON,WV25755 		NONE NONPROFIT CHARITABLE/MULTICULTURAL/EDUCATIONAL 12,500

UNIVERSITY OF PIKEVILLE

PO BOX 2526
HUNTINGTON,WV25726 		NONE NONPROFIT EDUCATIONAL 7,500

BIG BROTHERSSISTERS OF THE TRI-ST

501 5TH AVE 3
HUNTINGTON,WV25701 		NONE NONPROFIT CHARITABLE 1,000

LEWISBURG LITERARY FESTIVAL

905 WASHINGTON ST W STED
LEWISBURG,WV24901 		NONE NONPROFIT CHARITABLE 2,500

LEWISBURG FOUNDATION

PO BOX 1755
LEWISBURG,WV24901 		NONE NONPROFIT CHARITABLE 500

OLD STONE PRESBYTERIAN CHURCH

644 CHURCH STREET
LEWISBURG,WV24901 		NONE NONPROFIT CHARITABLE 1,500

HOOPS FAMILY CHILDREN'S HOSPITAL

1340 HAL GREER BLVD
HUNTINGTON,WV25701 		NONE NONPROFIT CHARITABLE 1,500

LILY'S PLACE

1370 7TH AVE
HUNTINGTON,WV25701 		NONE NONPROFIT CHARITABLE 2,500

CHILDREN'S HOME SOCIETY

203 6TH AVE
HUNTINGTON,WV25701 		NONE NONPROFIT EDUCATIONAL 5,000
Total .................................right arrow 3a 166,240
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,465  
4 Dividends and interest from securities ....     14 106,072  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -15,379  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 639  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 55,243  
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) ..   148,040  
13Total. Add line 12, columns (b), (d), and (e)..................
13
148,040
(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:
JEANNINE Y FRANCIS CHARITABLE
 
FOUNDATION TRUST
EIN:
55-0760949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX & ACCOUNTING SERVICE 2,600 2,080   520

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

TY 2023 DepreciationSchedule
Name:
JEANNINE Y FRANCIS CHARITABLE
 
FOUNDATION TRUST
EIN:
55-0760949
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING - LEWISBURG 2012-11-30 136,000 38,357 S/L 39.0000 3,487 3,487    
ROOF - LEWISBURG 2015-12-21 13,235 2,726 S/L 39.0000 340 340    
REMODEL - LEWISBURG 2017-12-31 45,693 5,860 S/L 39.0000 1,171 1,171    
HUMIDIFIER - LEWISBURG 2017-10-10 3,178 425 S/L 39.0000 82 82    
2018 REMODEL - LEWISBURG 2018-12-12 457,048 47,853 S/L 39.0000 11,719 11,719    
2019 REMODEL - LEWISBURG 2019-09-16 167,328 13,943 S/L 39.0000 4,291 4,291    
LAND - LEWISBURG 2012-11-30 24,000              
ALLEYWAY - LEWISBURG 2017-12-12 5,000              

TY 2023 InvestmentsCorpStockSchedule
Name:
JEANNINE Y FRANCIS CHARITABLE
 
FOUNDATION TRUST
EIN:
55-0760949
Name of Stock End of Year Book Value End of Year Fair Market Value
100 SHS NORFOLK SOUTHERN CORP 6,038 23,638
1040 SHS LOWES COMPANIES INC. 37,534 231,452
1155 SHS DUKE ENERGY CORP. (NEW) 67,432 112,081
1200 SHS WALMART STORES INC 85,930 189,180
1250 SHS CISCO SYSTEMS INC. 23,638 63,150
1250 SHS DOMINION RESOURCES 29,681 58,750
1350 SHS ELME COMMUNITIES 19,398 19,710
1350 WASHINGTON REAL ESTATE INVESTME    
1450 SHS AEP 39,766 117,769
1490 SHS BRISTOL MYERS SQUIBB CO.    
150 SHS MICROSOFT CORP 51,251 56,406
1678 SHS ENBRIDGE INC 46,259 60,442
1690 SHS MONDELEZ INTERNATIONAL INC 37,445 122,407
1939 SHS TRUIST FINANCIAL CORP 49,962 71,588
2400 SHSVERIZON COMMUNICATIONS 68,069 90,480
250 SHS BOEING 18,570 65,165
2650 SHS COCA-COLA COMPANY 86,870 156,165
3000 SHS UDR INC 55,677 114,870
330 SHS APPLE 51,048 63,535
3550 NEW RESIDENTIAL INVESTMENT CORP    
3550 SHS RITHM CAPITAL    
400 SHS TAIWAN SEMICONDUCTOR MFG CO. 6,908 41,600
460 SHS JOHNSON & JOHNSON 32,076 72,100
500 SHS CARRIER GLOBAL CORPORATION 7,488 28,725
500 SHS RAYTHEON TECHNOLOGIES CORP 22,096 42,070
500 SHS WALT DISNEY CO 24,830 45,145
600 SHS PEPSICO INC 47,246 101,904
650 SHS AMERICAN EXPRESS CO. 36,335 121,771
700 SHS GENERAL MILLS INC    
700 SOUTHERN CO    
765 SHS REGENCY CENTERS CORP 25,382 51,255
800 SHS PROCTOR & GAMBLE 55,864 117,232
860 SHS KIMBERLY CLARK CORP. 57,496 104,499
990 SHS JPMORGAN CHASE & CO 37,461 168,398

TY 2023 InvestmentsOtherSchedule2
Name:
JEANNINE Y FRANCIS CHARITABLE
 
FOUNDATION TRUST
EIN:
55-0760949
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
2200 SHS FIRST TRUST EXCHANGE TRADED AT COST 64,109 140,998
3415 SHS ISHARES SELECT DIVIDEND ETF AT COST 287,631 400,306
6400 SHS FIRST TRUST DOW JONES GLOBA AT COST 150,169 142,464
5800 SHS FIRST TRUST VALUE.LN DIVIDE AT COST 158,974 235,248

TY 2023 LandEtcSchedule2
Name:
JEANNINE Y FRANCIS CHARITABLE
 
FOUNDATION TRUST
EIN:
55-0760949
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING, EQUIPMENT 822,482 130,254 692,228 692,228
LAND 29,000   29,000 29,000


TY 2023 OtherDecreasesSchedule
Name:
JEANNINE Y FRANCIS CHARITABLE
 
FOUNDATION TRUST
EIN:
55-0760949
Description Amount
ADJUSTMENT TO BOOK VALUES 2,812


TY 2023 OtherExpensesSchedule
Name:
JEANNINE Y FRANCIS CHARITABLE
 
FOUNDATION TRUST
EIN:
55-0760949
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMMERCIAL LEWISBURG WV        
UTILITIES 3,553 3,553    
INSURANCE 3,330 3,330    
REPAIRS AND MAINTENANCE        
DE MINIMUS FURNISHINGS 395 395    
EXPENSES        
OFFICE EXPENSE 2,081 1,666   415
TELEPHONE & INTERNET 1,285 1,028   257
POSTAGE 517 414   103
DUES & REGISTRATIONS 132 106   26


TY 2023 OtherIncomeSchedule2
Name:
JEANNINE Y FRANCIS CHARITABLE
 
FOUNDATION TRUST
EIN:
55-0760949
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
NON-DIVIDEND DISTRIBUTION 639 639  


TY 2023 TaxesSchedule
Name:
JEANNINE Y FRANCIS CHARITABLE
 
FOUNDATION TRUST
EIN:
55-0760949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 3,978      
FEDERAL TAXES 992      
COMMERCIAL LEWISBURG WV 2,501 2,501