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
SUSAN & BRUCE WORSTER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)456 CROCKER SPERRY DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MONTECITO, CA93108
A Employer identification number

77-0549392
B Telephone number (see instructions)

(650) 815-6354
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$5,492,981J 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) 113,616
2 Check right arrow.............
3 Interest on savings and temporary cash investments 41,695 41,695  
4 Dividends and interest from securities... 72,389 70,636  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -18,903
b Gross sales price for all assets on line 6a 1,128,975
7 Capital gain net income (from Part IV, line 2)... 0
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
16,644 16,644  
12 Total. Add lines 1 through 11........ 225,441 128,975  
Operating and Administrative Expenses 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)....... Click to see attachment
List of Attached Documents:
// Content
16,650 8,325   8,325
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,692 1,692   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
26,381 40,872   75
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 44,723 50,889   8,400
25 Contributions, gifts, grants paid....... 301,505 301,505
26 Total expenses and disbursements. Add lines 24 and 25 346,228 50,889   309,905
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -120,787
b Net investment income (if negative, enter -0-) 78,086
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 149,471 159,544 159,544
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) 257,137 Click to see attachment
List of Attached Documents:
// Content
281,633 		285,390
b Investments—corporate stock (attach schedule)....... 2,907,873 Click to see attachment
List of Attached Documents:
// Content
2,885,150 		4,082,057
c Investments—corporate bonds (attach schedule)....... 949,885 Click to see attachment
List of Attached Documents:
// Content
861,731 		854,981
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).......... 175,623 Click to see attachment
List of Attached Documents:
// Content
130,000 		102,961
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
6,904 		Click to see attachment
List of Attached Documents:
// Content
8,048 		Click to see attachment
List of Attached Documents:
// Content
8,048
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,446,893 4,326,106 5,492,981
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 4,446,893 4,326,106
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 4,446,893 4,326,106
30 Total liabilities and net assets/fund balances (see instructions). 4,446,893 4,326,106
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
4,446,893
2
Enter amount from Part I, line 27a .....................
2
-120,787
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,326,106
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,326,106
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - ST   2023-01-01 2023-12-31
b PUBLICLY TRADED SECURITIES - LT   2022-01-01 2023-12-31
c CHARLES SCHWAB CAPITAL GAIN DISTRIBUTIONS P 2023-01-01 2023-12-31
d FIRST REPUBLIC CAPITAL GAIN DISTRIBUTIONS P 2023-01-01 2023-12-31
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 200,386   206,395 -6,009
b 926,854   941,483 -14,629
c 1,670     1,670
d 65     65
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       -6,009
b       -14,629
c       1,670
d       65
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 -18,903
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 1,085
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,085
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,085
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 3,990
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 3,990
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.......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 2,905
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow2,905 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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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 arrowCA
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 arrowBRUCE AND SUSAN WORSTER Telephone no.right arrow (650) 815-6354

Located atright arrow456 CROCKER SPERRY DRIVEMONTECITOCA ZIP+4right arrow93108
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
 
No
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
BRUCE WORSTER PRESIDENT
1.00 		0 0 0
456 CROCKER SPERRY DRIVE
MONTECITO,CA931082213
SUSAN WORSTER SECRETARY
1.00 		0 0 0
456 CROCKER SPERRY DRIVE
MONTECITO,CA931082213
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
5,063,769
b
Average of monthly cash balances.......................
1b
157,486
c
Fair market value of all other assets (see instructions)................
1c
8,049
d
Total (add lines 1a, b, and c).........................
1d
5,229,304
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
5,229,304
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
78,440
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,150,864
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
257,543
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
257,543
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,085
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,085
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
256,458
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
256,458
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
256,458
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
309,905
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
 
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
309,905
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 7 256,458
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...... 56,383
d From 2021...... 58,877
e From 2022...... 104,452
f Total of lines 3a through e ........ 219,712
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 309,905
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..... 256,458
e Remaining amount distributed out of corpus 53,447
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 5 273,159
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 ...... 		273,159
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 56,383
c Excess from 2021.... 58,877
d Excess from 2022.... 104,452
e Excess from 2023.... 53,447
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).)
BRUCE WORSTER
SUSAN WORSTER
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

HARVEY MUDD COLLEGE

301 E 12TH STREET
CLAREMONT,CA91711 		NONE PC GENERAL USE 80,005

J PAUL GETTY TRUST

1200 GETTY CENTER DRIVE SUITE 401
LOS ANGELES,CA90049 		NONE PC GENERAL USE 2,500

OCCIDENTAL COLLEGE

1600 CAMPUS ROAD
LOS ANGELES,CA90041 		NONE PC GENERAL USE 1,000

REGENTS OF THE UNIVERSITY OF CA

1111 FRANKLIN STREET 7TH FLOOR
OAKLAND,CA94607 		NONE PC GENERAL USE 105,000

SANTA BARBARA MUSEUM OF ART

1130 STATE STREET
SANTA BARBARA,CA93101 		NONE PC GENERAL USE 70,000

SANTA BARBARA MUSEUM OF NATURAL HISTORY

2559 PUESTA DEL SOL
SANTA BARBARA,CA93105 		NONE PC GENERAL USE 10,000

SANTA BARBARA SYMPHONY

1330 STATE STREET
SANTA BARBARA,CA93101 		NONE PC GENERAL USE 5,000

UC SANTA BARBARA FOUNDATION

UCSB
SANTA BARBARA,CA93106 		NONE PC GENERAL USE 25,000

WELLESLEY COLLEGE

106 CENTRAL STREET
WELLESLEY,MA02481 		NONE PC GENERAL USE 1,000

SANTA BARBARA FOUNDATION

1111 CHAPALA STREET SUITE 200
SANTA BARBARA,CA93101 		NONE PC GENERAL USE 1,000

ENSEMBLE THEATRE COMPANY OF SANTA BARBARA INC

PO BOX 2307
SANTA BARBARA,CA93120 		NONE PC GENERAL USE 1,000
Total .................................right arrow 3a 301,505
bApproved for future payment
Total ................................. right arrow 3b 0
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 41,695  
4 Dividends and interest from securities ....     14 72,389  
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 .....     01 16,644  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -18,903  
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) .. 0 111,825 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
111,825
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
SUSAN & BRUCE WORSTER FOUNDATION
 
Employer identification number

77-0549392
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
SUSAN & BRUCE WORSTER FOUNDATION
  		Employer identification number
77-0549392
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
CHARLES SCHWAB (BRUCE WORSTER IRA)
 
211 MAIN STREET
 
SAN FRANCISCO, CA94105

$ 53,441


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
CHARLES SCHWAB (SUSAN WORSTER IRA)
 
211 MAIN STREET
 
SAN FRANCISCO, CA94105

$ 60,175


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
SUSAN & BRUCE WORSTER FOUNDATION
  		Employer identification number

77-0549392
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
SUSAN & BRUCE WORSTER FOUNDATION
  		Employer identification number

77-0549392
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
SUSAN & BRUCE WORSTER FOUNDATION
EIN:
77-0549392
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 16,650 8,325   8,325

TY 2023 InvestmentsCorpBondsSchedule
Name:
SUSAN & BRUCE WORSTER FOUNDATION
EIN:
77-0549392
Name of Bond End of Year Book Value End of Year Fair Market Value
AMERICAN EXPRESS CO 2.550% 10,880 11,248
AMERICAN HONDA FIN CORP MED TERM NTS 0.650% 9,866 10,111
AMGEN INC 5.250% 10,017 10,294
BANK AMER CORP 3.384% 10,581 10,700
BANK AMER CORP MEDIUM TERN SR NT SER N FIXED/FLTG 3.974% 16,281 15,160
BANK MONTREAL QUE SR NT SER H 5.300% 20,002 20,206
BANK OF NOVA SCOTIA BC SR NT ISIN#US064159VL701.300% 9,972 9,477
BLACKROCK INC NT 2.100% 11,910 10,876
BOEING CO SR NT 2.196% 10,942 11,343
BP CAP MKTS AMER INC GTD FXD RT NOTE 3.119% 9,490 9,676
BRISTOL MYERS SQUIBB CO SR NT 3.400% 9,407 9,496
BUNGE LTD FIN CORP GTD FXD RT SR NT 3.250% 10,358 9,604
CIGNA CORP NEW NT 3.400% 15,036 15,426
CITIGROUP INC 5.610% 9,987 10,075
CITIGROUP INC NT FIXED/FLTG RATE 4.412% 9,534 9,577
DEERE JOHN CAP CORP MEDIUM TERM 2.050% 10,024 9,729
ELEVANCE HEALTH INC FORMERLY ANTHEM INC FXD RT NT 3.650% 10,504 10,655
ENERGY TRANSFER L P SR NT 6.550% 8,029 8,683
GOLDMAN SACHS GROUP INC SR GLOBAL NT 14,406 15,135
HONEYWELL INTL INC SR NT 5.000% 10,277 10,475
INTUIT INC 5.200% 9,945 10,495
KRAFT HEINZ FOODS CO GTD SR NT 3.875% 9,636 9,814
LOWES COS INC FXD RT SR NT 3.100% 9,248 9,580
MARATHON PETE CORP SR NT 4.700% 20,734 19,868
MARRIOTT INTL INC NEW NT SER FF 4.625% 14,498 15,724
MATADOR RESOURC 5.875%26 22,323 21,780
MORGAN STANLEY SR NT FIXED/FLTG 5.123% 20,137 20,108
MPLX LP FXD RT SR NT 4.125% 10,513 10,772
NATIONAL RURAL UTILS COOP FIN CORP COLL TR BD 2.400% 11,705 10,434
ORACLE CORP SR NT 4.900% 12,821 13,959
OSTERWEIS STRATEGIC INCOME FUND 32,943 31,689
PIMCO INCOME FUND INSTITUTIONAL CLASS 35,262 32,149
PLAINS ALL AMERN PIPELINE LP PAA FIN CORP FIXED-TO-FLOATING 6.125% 176,106 169,094
PNC FINL SVCS GROUP INC SR NT FXD/FLTG 5.354% 9,770 10,128
PROGRESSIVE CORP OH SR SECD NT 3.000% 11,527 10,724
RAYTHEON TECHNOLOGIES CORP COM 10,627 10,606
REALTY INCOME CORP FXD RT SR NT 4.125% 10,601 9,813
REYNOLDS AMERN INC GTD FXD RT SR NT 4.450% 6,835 6,919
ROYAL BK CDA GLOBAL MED TERM NTS BOOK ENTRY 20,648 20,968
SMUCKER J M CO 5.900% 9,891 10,526
T-MOBILE USA INC SR NT 3.500% 10,158 10,963
TORONTO DOMINION BK SR MEDIUM TERM BK NT 21,096 21,408
TOYOTA MTR CR CORP MEDIUM TERM NTS 3.375% 9,448 9,583
VANGUARD INTERMEDIATE TERM INVESTMENT GRADE FUND 78,574 81,218
VERIZON COMMUNICATIONS INC NT 2.550% 11,401 11,226
VMWARE INC 2.200% 12,848 11,617
WELLS FARGO & CO MEDIUM TERM SR NTS 2.879% 14,599 15,133
ZOETIS INCSR NT 5.600% 10,334 10,737

TY 2023 InvestmentsCorpStockSchedule
Name:
SUSAN & BRUCE WORSTER FOUNDATION
EIN:
77-0549392
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 20,831 103,468
ABBOTT LABS COM 26,881 24,215
ABBVIE INC COM 27,700 29,754
ALPHA ARCHTCT US QUNTV 44,589 80,980
ALPHABET INC CLASS A 86,318 84,233
ALPHABET INC., CLASS A 13,611 125,721
ALPHABET INC., CLASS C 6,636 63,419
AMAZON COM INC 83,393 85,694
APPLE INC COM 93,714 113,978
APTIV PLC SHS COM 14,801 12,022
BANK OF AMERICA CORPORATION COM 19,391 14,276
BERKSHIRE HATHAWAY INC DEL CL B NEW 34,572 43,156
BERKSHIRE HATHAWAY, CLASS B 45,574 219,346
BLACKSTONE INC COM 14,943 17,151
BOLLORE ORDF 34,996 59,296
BOOKING HLDGS INC COM 14,769 28,378
BROADCOM INC COM 20,130 40,185
CAPITAL ONE FINL CORP COM 23,120 25,831
CHUBB LTD COM ISIN#CH0044328745 17,032 20,114
CIENA CORP COM NEW 34,872 29,211
CIGNA CORP NEW COM 34,791 52,104
CISCO SYSTEMS INC 17,025 52,793
CONOCOPHILLIPS COM 18,101 28,437
COSTCO WHOLESALE CORP NEW COM 24,219 29,704
CVS HEALTH CORP 29,801 37,111
DANAHER CORP COM 30,918 27,067
DISNEY WALT CO DISNEY COM 27,579 18,329
EATON CORPORATION PLC SHS ISIN#IEOOB8KQN827 22,766 31,788
EMERSON ELEC CO COM 21,070 21,510
ENERGY SELECT SECTOR 31,525 29,344
EXELON CORP COM 17,772 15,078
EXPEDIA GROUP 23,970 24,905
EXXON MOBIL CORP COM 19,926 30,994
FAIRFAX FINL HL F 62,788 216,839
FORTIVE CORP COM 15,922 17,745
GROCERY OUTLET HLDG CORP COM 70,095 80,179
HOME DEPOT INC COM 15,806 14,209
HONEYWELL INTL INC COM 23,869 22,858
HOWARD HUGHES CORP 29,693 40,636
INTUIT COM 12,050 18,751
INTUITIVE SURGICAL INC COM NEW 29,993 33,736
ISHARES TR RUSSELL 2000 VALUE ETF 71,011 62,909
KKR & CO INC 24,108 74,565
LIBERTY MEDIA CORP 25,065 34,536
LILLY ELI & CO COM 32,349 34,975
LINDE PLC SH ISIN#IEOOBZ12WP82 16,062 19,714
LOCKHEED MARTIN CORP 47,501 45,324
LYONDELLBASELL INDUSTRIES NV ORD SHS CL A 18,442 19,111
META PLATFORMS INC CL A 36,594 49,200
MICROSOFT CORP 6,550 77,088
MICROSOFT CORP 2.4% 46,506 47,687
MICROSOFT CORP COM 121,391 140,263
MORGAN STANLEY COM NEW 29,136 27,509
MOTOROLA SOLUTIONS INC COM NEW 30,589 34,127
NESTLE S A F 33,465 63,597
NINTENDO LTD F 42,594 74,693
NVIDIA CORP COM 30,257 58,436
OAKMARK INTERNATIONAL FUND INSTITUTIONAL CLASS 79,532 72,675
PACER US SMALL CAP CASH 21,567 25,456
PALO ALTO NETWORKS INC COM 21,758 21,526
PARKER-HANNIFIN CORP COM 17,942 20,732
PEPSICO INC COM 22,740 23,268
PROCTER & GAMBLE CO COM 25,582 25,205
PROGRESSIVE CORP OH COM 19,296 24,688
PROLOGIS INC COM 20,731 18,662
ROYCE VALUE CF 14,540 26,077
SERVICENOW INC COM 19,528 20,488
SOUTHWESTERN ENERGY 32,530 28,820
SPDR GOLD SHARES ETF 64,429 111,834
SPDR S&P MIDCAP 400 ETF TR UNIT SER 1 STANDARD & POORS DEP 71,401 68,496
SPROTT URANIUM MINERS 24,737 30,410
STEEL DYNAMICS, I 24,215 24,281
TESLA INC COM 17,521 12,672
TEXAS INSTRUMENTS INC 25,426 22,842
TJX COS INC NEW COM 17,030 22,983
ULTA BEAUTY INC COM 27,715 27,439
UNION PAC CORP COM 20,099 20,386
UNITEDHEALTH GROUP INC COM 36,673 41,591
VANECK VECTORS GOLD 44,769 52,872
VANGUARD INDEX FDS S&P 500 ETF 198,068 230,630
VANGUARD INTL EQUITY INDEX FDS FTSE EMERGING MARKETS ETF 61,122 48,950
VERTEX PHARMACEUTICALS INC COM 35,107 76,495
VISA INC COM CL A 21,046 24,473
WELLS FARGO & CO NEW COM 30,874 29,827

TY 2023 InvestmentsGovtObligationsSch
Name:
SUSAN & BRUCE WORSTER FOUNDATION
EIN:
77-0549392
US Government Securities - End of Year Book Value:

281,633
US Government Securities - End of Year Fair Market Value:

285,390
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
SUSAN & BRUCE WORSTER FOUNDATION
EIN:
77-0549392
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
DOUBLELINE TOTAL RETURN AT COST 130,000 102,961

TY 2023 OtherAssetsSchedule
Name:
SUSAN & BRUCE WORSTER FOUNDATION
EIN:
77-0549392
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDENDS RECEIVABLE 1,160 592 592
ACCRUED INTEREST RECEIVABLE 5,744 7,456 7,456


TY 2023 OtherExpensesSchedule
Name:
SUSAN & BRUCE WORSTER FOUNDATION
EIN:
77-0549392
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BROKERAGE FEES 25,966 40,532   0
INVESTMENT EXPENSE 340 340   0
STATE FILING FEES 75 0   75


TY 2023 OtherIncomeSchedule2
Name:
SUSAN & BRUCE WORSTER FOUNDATION
EIN:
77-0549392
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
GUARANTEED PAYMENTS 16,644 16,644 16,644


TY 2023 TaxesSchedule
Name:
SUSAN & BRUCE WORSTER FOUNDATION
EIN:
77-0549392
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX EXPENSE 1,692 1,692   0