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
MICHAEL W LOUIS PRIVATE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)410 HUNT CLUB WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAKE GENEVA, WI53147
A Employer identification number

81-3941498
B Telephone number (see instructions)

(262) 384-3700
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$13,978,556J 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 50 50  
4 Dividends and interest from securities... 883,832 697,243  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -80,921
b Gross sales price for all assets on line 6a 2,129,435
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
-530 -530  
12 Total. Add lines 1 through 11........ 802,431 696,763  
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)......... Click to see attachment
List of Attached Documents:
// Content
11,320 11,320   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
63,935 63,935   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
36,004 8,115   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
34,456 7,197   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 145,715 90,567   0
25 Contributions, gifts, grants paid....... 575,000 575,000
26 Total expenses and disbursements. Add lines 24 and 25 720,715 90,567   575,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 81,716
b Net investment income (if negative, enter -0-) 606,196
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............. 108,702 168,036 168,036
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)....... 2,462,767 Click to see attachment
List of Attached Documents:
// Content
2,049,248 		2,950,911
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).......... 5,189,712 Click to see attachment
List of Attached Documents:
// Content
5,608,264 		10,859,609
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,761,181 7,825,548 13,978,556
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...........    
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........ 5,952,838 5,952,838
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,808,343 1,872,710
29 Total net assets or fund balances (see instructions)..... 7,761,181 7,825,548
30 Total liabilities and net assets/fund balances (see instructions). 7,761,181 7,825,548
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
7,761,181
2
Enter amount from Part I, line 27a .....................
2
81,716
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
7,836
4
Add lines 1, 2, and 3 ..........................
4
7,850,733
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
25,185
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,825,548
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 EDGBASTON ASIAN EQUITY TR SHORT TERM     2023-12-31
b EDGBASTON ASIAN EQUITY TR LONG TERM     2023-12-31
c MICHAEL W LOUIS CO SHRT TRM CAP LOSS     2023-12-31
d MICHAEL W LOUIS CO LONG TRM CAP LOSS     2023-12-31
e MWL HOLDINGS LP SHRT TRM CAP LOSS     2023-12-31
MWL HOLDINGS LP LONG TRM CAP LOSS     2023-12-31
MS 970 PUBLICLY TRADED SECURITIES     2023-12-31
MS 594 PUBLICLY TRADED SECURITIES     2023-12-31
MS 816 PUBLICLY TRADED SECURITIES     2023-12-31
MS 262 PUBLICLY TRADED SECURITIES     2023-12-31
EDGBASTON ASIAN EQUITY TR     2023-12-31
CAPITAL GAINS DIVIDENDS P    
(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     5,399 -5,399
b     69,958 -69,958
c     822 -822
d     670 -670
e     2,436 -2,436
    1,988 -1,988
685,020   694,133 -9,113
598,796   559,628 39,168
424,511   450,175 -25,116
108,357   115,731 -5,123
312,224   312,215 9
527     527
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       -5,399
b       -69,958
c       -822
d       -670
e       -2,436
      -1,988
      -9,113
      39,168
      -25,116
      -5,123
      9
      527
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 -80,921
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 8,426
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 8,426
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 8,426
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 9,471
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,971
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 2,545
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow2,545 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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
 
No
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 arrowWI
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 arrowWALTER W BELL Telephone no.right arrow (262) 384-3700

Located atright arrowBELL ANDERSON LLC 410 HUNT CLUB WAYLAKE GENEVAWI ZIP+4right arrow53147
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CARRIE L HULBURD PRESIDENT
0.00 		0 0 0
C/O 410 HUNT CLUB WAY
LAKE GENEVA,WI53147
HENRY J LOUIS VICE PRESIDENT
0.00 		0 0 0
C/O 410 HUNT CLUB WAY
LAKE GENEVA,WI53147
STEVEN S LOUIS TREASURER
0.00 		0 0 0
C/O 440 S LASALLE ST 38TH FL
CHICAGO,IL60605
TIMOTHY C LOUIS SECRETARY
0.00 		0 0 0
C/O 410 HUNT CLUB WAY
LAKE GENEVA,WI53147
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
13,552,428
b
Average of monthly cash balances.......................
1b
91,038
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
13,643,466
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
13,643,466
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
204,652
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,438,814
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
671,941
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
671,941
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
8,426
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
28,010
c
Add lines 2a and 2b............................
2c
36,436
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
635,505
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
635,505
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
635,505
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
575,000
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
575,000
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 7 635,505
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 82,640
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 575,000
a Applied to 2022, but not more than line 2a 82,640
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..... 492,360
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		143,145
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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 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

BARROW NEUROLOGICAL FOUNDATION

124 WEST THOMAS ROAD SUITE 250
PHOENIX,AZ85013 		N/A 501(C)(3) GENERAL CONTRIBUTION 75,000

CHEQUAMEGON AREA MOUNTAIN BIKE ASSOCIATION

PO BOX 141
CABLE,WI54821 		N/A 501(C)(3) GENERAL CONTRIBUTION 10,000

COLORADO COLLEGE

14 E CASHE LA POUDRE STREE
COLORADO SPRINGS,CO80903 		N/A 501(C)(3) GENERAL CONTRIBUTION 40,000

DESERT VOICES

3426 E SHEA BLVD
PHOENIX,AZ85028 		N/A 501(C)(3) GENERAL CONTRIBUTION 50,000

FOUNDATION FIGHTING BLINDNESS

7168 COLUMBIA GATEWAY DR
COLUMBIA,MD21046 		N/A 501(C)(3) GENERAL CONTRIBUTION 60,000

LAKE OWEN ASSOCIATION

1208 W 4TH ST
NEW RICHMOND,WI54017 		N/A 501(C)(3) GENERAL CONTRIBUTION 20,000

NEW CANAAN NATURE CENTER

144 OENOKE RIDGE
NEW CANAAN,CT06840 		N/A 501(C)(3) GENERAL CONTRIBUTION 10,000

PARK CITY COMMUNITY FOUNDATION

1918 PROSPECTOR AVENUE
PARK CITY,UT84060 		N/A 501(C)(3) GENERAL CONTRIBUTION 50,000

PHOENIX COUNTRY DAY SCHOOL

3901 E STANFORD DRIVE
PARADISE VALLEY,AZ85253 		N/A 501(C)(3) GENERAL CONTRIBUTION 20,000

RYE FUND FOR EDUCATION

555 THEODORE FREMD AVE SUITE B-101
RYE,NY10586 		N/A 501(C)(3) GENERAL CONTRIBUTION 3,000

RYE NATURE CENTER

873 BOSTON POST RD
RYE,NY10580 		N/A 501(C)(3) GENERAL CONTRIBUTION 15,000

STEP - STUDENT EXPEDITION PROGRAM

5021 N 20TH STREET 10782
PHOENIX,AZ85016 		N/A 501(C)(3) GENERAL CONTRIBUTION 5,000

THE FIRST TEE OF PHOENIX

3837 E WEIR AVE 7
PHOENIX,AZ85040 		N/A 501(C)(3) GENERAL CONTRIBUTION 35,000

UC SAN DIEGO FOUNDATION

9500 GILMAN DRIVE 0940
LA JOLLA,CA920930940 		N/A 501(C)(3) GENERAL CONTRIBUTION 20,000

ZION CANYON MESA

PO BOX 145
SPRINGDALE,AZ847670145 		N/A 501(C)(3) GENERAL CONTRIBUTION 10,000

VALLEYWISE HEALTH FOUNDATION

5050 N 40TH ST SUITE 110
PHOENIX,AZ85018 		N/A 501(C)(3) GENERAL CONTRIBUTION 65,000

PLANNED PARENTHOOD ACT

PO BOX 97166
WASHINGTON,DC200907166 		N/A 501(C)(3) GENERAL CONTRIBUTION 20,000

AMERICAN BIRKEBEINER

10527 MAIN STREET PO BOX 911
HAYWARD,WI54843 		N/A 501(C)(3) GENERAL CONTRIBUTION 20,000

PARK CITY EDUCATION FOUNDATION

PO BOX 681422
PARK CITY,UT84068 		N/A 501(C)(3) GENERAL CONTRIBUTION 20,000

MAMAS KITCHEN

3960 HOME AVENUE
SAN DIEGO,CA92105 		N/A 501(C)(3) GENERAL CONTRIBUTION 10,000

NEW CANAAN LIBRARY

151 MAIN STREET
NEW CANAAN,CT06840 		N/A 501(C)(3) GENERAL CONTRIBUTION 10,000

TEACH FOR AMERICA

25 BROADWAY 12TH FL
NEW YORK,NY10004 		N/A 501(C)(3) GENERAL CONTRIBUTION 5,000

5 STEPS TO FIVE

PO BOX 923
RYE,NY10580 		N/A 501(C)(3) GENERAL CONTRIBUTION 2,000
Total .................................right arrow 3a 575,000
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 50  
4 Dividends and interest from securities ....     14 883,832  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -80,921  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aEDGBASTON 		    14 -530  
bBLUE OWN/OAK STREET NET LEASE TRUST     14    
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 802,431 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
802,431
(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 GeneralExplanationAttachment
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Identifier Return Reference Explanation
  FORM 990PF, PART I, LINE 3 - INTEREST ON SAVINGS AND TEMPORARY CASH INVEST. THE MICHAEL W LOUIS CHARITABLE TRUST (EIN: XX-XXX6588) CLOSED. ALL FUNDS FROM THE TRUST WERE DISTRIBUTED 50% TO THE MICHAEL W LOUIS CHARITABLE FOUNDATION (EIN: XX-XXX0917) AND 50% TO THE MICHAEL W LOUIS PRIVATE FOUNDATION (EIN: XX-XXX1498). ACCORDINGLY, ALL REPORTABLE INTEREST INCOME FROM THE TRUST HAS BEEN INCLUDED ON THE TAX RETURNS OF THE TWO FOUNDATIONS NOTED ABOVE IN THE PERCENTAGES ALSO NOTED ABOVE.

TY 2023 InvestmentsCorpStockSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 27,824 30,379
ABBVIE INC COM 10,599 20,301
ACCENTURE PLC IRELAND CL A 19,334 30,529
ADOBE INC 12,105 22,074
ADVANCED MICRO DEVICES 9,211 20,932
AECOM 3,353 3,882
AFLAC INCORPORATED 6,236 13,613
ALPHABET INC CL A 39,020 89,402
ALTRIA GROUP INC 4,839 4,760
AMAZON COM INC 38,340 56,978
AMERICAN EXPRESS CO 6,849 11,802
AMERICAN TOWER CORP 6,730 7,556
AMERICAN WATER WORKS CO 17,480 17,819
AMGEN INC 11,120 14,401
ANALOG DEVICES INC 1,086 2,581
APPLE INC 49,131 141,895
APPLIED MATERIALS INC 6,349 11,345
APTARGROUP INC 5,208 5,316
AT&T INC 12,079 12,098
AUTODESK INC DELAWARE 2,509 3,165
AUTOMATIC DATA PROCESSING INC 1,488 2,330
AXALTA COATING SYSTEMS LTD. 8,827 16,201
BALL CORP 5,930 6,557
BANK OF AMERICA CORP 14,759 20,101
BANK OF NEW YORK MELLON CORP 8,213 9,837
BAXTER INTL INC 1,781 1,740
BEST BUY CO 2,263 2,662
BLACKROCK INC 2,820 4,871
CADENCE DESIGN SYSTEM 843 1,362
CATERPILLAR INC 4,898 7,096
CENCORA INC 1,838 4,313
CHIPOTLE MEXICAN GRILL INC COM 1,540 4,574
CHUBB LTD 3,254 6,102
CHURCH & DWIGHT CO INC 19,082 22,505
CIGNA CORP 11,678 12,478
COCA COLA CO 19,347 20,567
COMCAST CORP (NEW) CLASS A 4,968 6,358
CONSOLIDATED EDISON INC. 2,863 3,730
CONSTELLATION BRANDS INC CL A 2,148 3,143
CORE LABORATORIES INC 1,776 2,914
CUMMINS INC 5,982 9,583
CVS HEALTH CORP COM 1,828 2,369
DANAHER CORPORATION 5,411 7,172
DEERE & CO 17,688 23,992
DELL TECHNOLOGIES INC CL C 5,101 8,951
DENTSPLY SIRONA INC 1,833 2,100
DT MIDSTREAM INC 5,793 5,754
EBAY INC 135 174
ECOLAB INC 7,465 9,124
ELEVANCE HEALTH INC 9,468 13,204
ELI LILLY & CO 2,930 2,915
EMBECTA CORP 85 57
EMCOR GROUP INC 1,577 5,386
EQUINIX INC 12,213 14,497
ETSY INC COM 964 1,378
FEDERAL RLTY INVT TR SH BEN 7,238 8,141
FLUOR CORP NEW 830 1,097
FMC CORP NEW 7,735 5,548
FORD MOTOR CO NEW 964 1,012
GAP INC 1,011 1,861
GEN DIGITAL INC 860 1,141
GENERAL ELECTRIC CO 4,897 6,509
GENERAL MILLS INC 1,142 1,173
GENERAL MTRS CO 4,240 4,203
GOLDMAN SACHS GRP INC 17,933 28,933
HALLIBURTON CO 869 904
HARTFORD FIN SERS GRP INC 17,946 22,426
HASBRO INC 5,827 5,770
HELMERICH & PAYNE 894 1,992
HEWLETT PACKARD ENTERPRISE 3,501 5,773
HOME DEPOT INC 12,827 19,060
HOST HOTELS & RESORTS INC 1,713 2,979
HP INC COM 3,729 6,289
IDEX CORPORATION DELAWARE 11,375 14,546
ILL TOOL WORKS INC 2,079 3,405
INTEL CORP 8,978 14,573
INTERNATIONAL FLAVORS&FRAGRANC 1,919 2,348
INTL BUSINESS MACHINES CORP 5,534 7,196
INTUIT INC 8,930 20,001
IRIDIUM COMMUNICATIONS INC COM 854 906
JOHNSON & JOHNSON 51,924 52,978
JPMORGAN CHASE & CO 15,104 18,371
KB HOME 792 1,312
KBR INC 14,335 13,742
KILROY REALTY CORPORATION 4,790 6,414
KLA CORPORATION 2,003 7,557
KROGER CO 5,700 6,674
L3HARRIS TECHNOLOGIES INC 2,123 2,527
LAS VEGAS SANDS CORPORATION 3,899 4,183
LEIDOS HLDGS INC 2,105 2,490
LINCOLN ELEC HLDGS INC 1,950 5,437
LULULEMON ATHLETICA INC 1,590 2,045
MARSH & MCLENNAN COS INC 4,526 8,905
MASTERCARD INC CL A 17,124 23,885
MCKESSON CORP 1,583 5,556
MERCK & CO INC NEW COM 24,559 30,526
META PLATFORMS INC CL A 17,368 43,537
MGM RESORTS INTERNATIONAL 416 849
MICROSOFT CORP 67,322 137,631
MOTOROLA SOLUTIONS INC 7,624 13,776
NASDAQ INC COM 8,194 8,721
NEWMONT CORPORATION 6,172 5,505
NIKE INC B 9,742 11,726
NOV INC 4,381 7,585
NVIDIA CORPORATION 10,262 76,759
OMNICOM GROUP 260 433
ONEOK INC 8,993 9,409
ORGANON & CO 39 14
ORMAT TECHNOLOGIES INC 2,017 2,198
PAYPAL HLDGS INC COM 5,515 5,036
PFIZER INC 11,965 9,414
PHILIP MORRIS INTL INC 16,839 18,910
PNC FINL SVCS GP 6,150 9,136
PRINCIPAL FINL GROUP INC 1,748 4,170
PROGRESSIVE CORP OHIO 1,551 1,593
PROLOGIS INC COM 6,867 10,264
QUALCOMM INC 6,838 11,570
RENAISSANCE RE HOLDINGS LTD 1,735 1,568
RTX CORPORATION 11,301 13,210
S&P GLOBAL INC COM 19,392 32,598
SALESFORCE INC 14,211 24,209
SERVICENOW INC 2,842 7,065
SIMON PPTY GROUP INC 5,175 7,845
STARBUCKS CORP WASHINGTON 11,740 10,945
SYSCO CORP 14,365 13,968
T-MOBILE US INC COM 2,521 3,046
TARGET CORPORATION 9,023 11,394
TE CONNECTIVITY LTD NEW 1,212 2,389
TESLA INC 25,297 29,072
THE CIGNA GROUP 14,365 20,063
THERMO FISHER SCIENTIFIC 6,024 8,493
TJX COS INC NEW 4,525 8,537
TRAVELERS COMPANIES INC COM 5,403 9,715
UNITEDHEALTH GP INC 11,884 23,691
VALVOLINE INC COM 863 2,292
VERALTO CORP 370 494
VERIZON COMMUNICATIONS 856 1,018
VISA INC CL A 25,201 34,887
W W GRAINGER INC 6,537 12,430
WALMART INC 13,177 15,923
WEATHERFORD INTL INC 5,885 6,204
WELLS FARGO & CO NEW 5,394 8,761
WEYERHAEUSER CO 2,583 2,782
WILLIAMS SONOMA 9,790 16,748
WORKDAY INC CL A 3,407 4,969
XYLEM INC COM 12,104 17,726
ABM INDUSTRIES INCORPORATED 5,859 7,845
ADAPTHEALTH CORP 5,490 1,545
ADDUS HOMECARE CORP COM 9,423 8,763
AMN HEALTHCARE SVCS INC 4,813 6,692
ARCOSA INC 4,766 9,338
ASBURY AUTOMATIVE GROUP INC 5,908 7,440
AVIENT CORPORATION 8,011 8,522
BELDEN INC 8,543 10,661
BRINK'S COMPANY COM 7,035 12,841
CADENCE BANK 16,088 17,488
CASELLA WASTE SYS INC CL A 3,452 8,287
CBIZ INC 4,531 11,767
CENTRAL GARDEN & PET CO CL A 5,582 7,619
COHERENT CORP 6,272 6,268
CVB FINCL CP 13,177 12,639
ELEMENT SOLUTIONS INC 9,748 9,742
ESCO TECHNOLOGIES 6,328 11,820
FEDERAL SIGNAL CORP 7,059 15,348
FORMFACTOR INC 7,877 8,717
FORWARD AIR CORP 6,535 7,041
FULLER H B & COMPANY 6,134 11,316
GIBRALTAR INDUSTRIES INC 6,537 12,637
GLACIER BANCORP INC NEW 11,302 11,941
ICF INTL INC 6,867 11,765
ICU MEDICAL INC 3,710 2,266
INDEPENDENT BK MASS 13,151 12,438
INSTALLED BLDG PRODS INC 7,141 10,086
INTEGER HOLDINGS CORP 9,458 12,187
KNIFE RIV HLDG CO 7,701 10,787
LA Z BOY INCORPORATED 6,921 9,156
LAKELAND FINCL 6,966 9,774
LANCASTER COLONY CRP 4,525 5,315
LANTHEUS HLDGS INC COM 3,309 6,324
LEONARDO DRS INC 7,380 9,419
MAGNOLIAOILS & GAS CORP CL A 3,939 9,900
MATADOR RES CO 4,798 16,433
MATERION CORP COM 8,280 12,232
MGE ENERGY INC 3,947 4,476
MODIVACARE INC 11,335 4,179
OLD NATL BANCORP IND 6,379 6,773
ONE GAS INC 7,226 6,245
OXFORD INDUSTRIES INC 7,446 11,800
PEBBLEBROOK HOTEL TR COM 6,025 4,331
PERFICIENT INC 7,335 7,701
PLEXUS CORP 5,606 9,456
PLYMOUTH INDL REIT INC 9,924 9,965
POTLATCHDELTIC CORP 11,108 10,900
RAMBUS INC (DEL) 1,537 6,624
SELECTIVE INSURANCE GROUP 2,878 6,185
SKYLINE CORP 3,947 6,809
SOUTHSTATE CORPORATION 7,951 10,725
STANDEX INTERNATIOJNAL CORP 8,285 16,155
STIFEL FINANCIAL CORPOPRATION 4,938 6,839
THE SIMPLY GOOD FOODS COMPANY 4,714 9,464
UNITED BANKSHARES INC W VA 9,184 8,824
ACCENTURE PLC IRELAND CL A 16,901 24,818
AIA GROUP LTD SPON ADR 12,737 10,597
AKZO NOBEL NV ADR 12,892 11,240
ALCON INC 12,746 15,546
ASHTEAD GROUP PLC ADR 12,001 20,100
ASSA ABLOY AB UNSP ADR 12,273 15,166
BROOKFIELD CORP CL A 16,844 22,026
CAMECO CORP 4,849 19,697
COCA-COLA EUROPACIFIC PARTNERS 9,623 16,234
CREDICORP LTD 11,555 14,176
DAIKIN INDS LTD UNSPON ADR 13,226 14,282
DBS GROUP HOLDINGS LTD SP 10,801 15,298
ERSTE GROUP BANK AG SPONS ADR 6,878 11,462
EXPERIAN GP LTD ADR 11,854 13,674
FANUC CORPORATION UNSP ADR 12,860 9,884
GSK PLC ADR 13,153 13,008
HALEON PLC ADR 12,573 14,189
HEINEKEN NV SPN ADR 13,010 13,660
ING GROEP NV ADR 11,378 20,998
KDDI CORP UNSPON ADR 12,792 13,794
KUBOTA CP ADR 13,605 11,442
LVMH MOET HENNESSY LOUIS VUITT 10,845 16,532
MAGNA INTERNATIONAL INC 12,992 12,939
MICHELIN COMPAGNIE GENERALE DE 14,846 15,007
MUENCHENER RUECK-UNSPONS ADR 11,808 21,257
NIDEC CORP 21,676 9,180
NOVARTIS AG ADR 10,217 12,722
OTSUKA HOLDINGS CO LTD UNS ADR 11,257 12,474
PAN PAC INTL HLDGS CORP ADR 14,170 18,923
RENTOKIL INITIAL PLC ADR 13,317 11,530
SAFRAN SA 11,473 18,275
SONY GROUP CORPORATION ADR 20,616 21,779
SYMRISE AG UNSPONS ADR 13,616 13,621
TOTALENERGIES SE SPONSORED ADS 8,306 15,363
UNILEVER PLC (NEW) ADS 11,609 10,617

TY 2023 InvestmentsOtherSchedule2
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ARTISAN DEVELOPING WORLD ADV FMV 162,312 234,382
CCM COMMUNITY IMPACT BD INST FMV 653,377 576,762
CQG PARTNERS EMRG MKTS EQ INS FMV 437,288 465,548
ISHARES CORE MSCI EAFE ETF FMV 530,359 560,197
JOHCM INTERNATIONAL SEL INST FMV 342,369 546,907
LORD ABBETT SHT DURATION INC I FMV 632,530 622,023
SPDR S&P 500 ETF TRUST FMV 381,013 737,206
T ROWE PRICE NEW HORIZONS FUND FMV 402,356 467,926
TIAA CREF CORE IMPACT BD INST FMV 1,113,573 1,025,502
S C JOHNSON STOCK AT COST 377,064 408,700
MWL HOLDINGS LIMITED PARTNERSHIP AT COST 3,362 3,683,305
MICHAEL W LOUIS COMPANY AT COST 338,287 1,279,342
BLUE OWL REAL ESTATE NLT I FMV 234,374 251,809

TY 2023 LegalFeesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BELL & ANDERSON LLC 11,320 11,320   0


TY 2023 OtherDecreasesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Description Amount
MORGAN STANLEY 2023 DIVIDENDS REC'D IN 2024 9,472
ROUNDING ADJUSTMENT 4
NON-DIVIDEND DISTRIBUTIONS - BASIS ADJUSTMENTS 78
COST BASIS ADJUSTMENTS - 2023 SALES 5
BLUE OWL REAL ESTATE NLT I - NONDIVIDEND DISTRIBUTION 15,626


TY 2023 OtherExpensesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MWL HOLDINGS LP 2,851 2,851   0
EDGBASTON ADVISORY FEES 3,420 3,420   0
MWL COMPANY - OTHER EXPENSES 27,259 0   0
MORGAN STANLEY 816 ADR FEES 926 926   0


TY 2023 OtherIncomeSchedule2
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
EDGBASTON -530 -530 -530


TY 2023 OtherIncreasesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Description Amount
MORGAN STANLEY 2022 INCOME REC'D IN 2023 7,653
MORGAN STANLEY #262 - NONDIVIDEND DISTRIBUTIONS 114
MORGAN STANLEY #594 - NONDIVIDEND DISTRIBUTIONS 69


TY 2023 OtherProfessionalFeesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 63,935 63,935   0


TY 2023 TaxesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES-EDGBASTON 2,633 2,633   0
FOREIGN TAXES - MORGAN STANLEY 5,482 5,482   0
2023 990-T ESTIMATED TAXES 27,889 0   0