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
LA-Z-BOY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)ONE LA-Z-BOY DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MONROE, MI48162
A Employer identification number

38-6087673
B Telephone number (see instructions)

(734) 242-1444
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$26,644,113J 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 55 55  
4 Dividends and interest from securities... 1,498,997 1,498,997  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
273,715
b Gross sales price for all assets on line 6a 3,201,785
7 Capital gain net income (from Part IV, line 2)... 169,236
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).......      
12 Total. Add lines 1 through 11........ 1,772,767 1,668,288  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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
3,800      
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
51,847 51,847    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
35,000 35,000    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,198      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,156      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 98,001 86,847   0
25 Contributions, gifts, grants paid....... 1,391,950 1,391,950
26 Total expenses and disbursements. Add lines 24 and 25 1,489,951 86,847   1,391,950
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 282,816
b Net investment income (if negative, enter -0-) 1,581,441
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............. 14,783 10,142 10,142
2 Savings and temporary cash investments......... 226,919 75,110 75,110
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) 8,866,314 7,571,897 7,728,739
b Investments—corporate stock (attach schedule)....... 16,404,855 Click to see attachment
List of Attached Documents:
// Content
18,169,023 		18,830,122
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)..........      
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) 25,512,871 25,826,172 26,644,113
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
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........ 25,512,871 25,826,172
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)..... 25,512,871 25,826,172
30 Total liabilities and net assets/fund balances (see instructions). 25,512,871 25,826,172
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
25,512,871
2
Enter amount from Part I, line 27a .....................
2
282,816
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
30,485
4
Add lines 1, 2, and 3 ..........................
4
25,826,172
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,826,172
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 COMERICA OLD PLATFORM - ATTACHED P    
b COMERICA OLD PLATFORM - ATTACHED P    
c COMERICA - SEE ATTACHED P    
d COMERICA - SEE ATTACHED P    
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 51,349   51,349  
b 289,353   251,201 38,152
c 213,068     213,068
d     138,097 -138,097
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        
b       38,152
c       213,068
d       -138,097
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 2 169,236
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 3 213,068
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 21,982
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 21,982
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 21,982
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 41,392
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 41,392
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 19,410
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow19,410 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowSUSAN J VANISACKER Telephone no.right arrow (734) 242-1444

Located atright arrowONE LA-Z-BOY DRIVEMONROEMI ZIP+4right arrow48162
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
 
 
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
SUSAN J VANISACKER ADMIN/TREASU
000.00 		0 0 0
ONE LA-Z-BOY DRIVE
MONROE,MI48162
CHRISTOPHER KNABUSCH PRESIDENT
000.00 		0 0 0
ONE LA-Z-BOY DRIVE
MONROE,MI48162
BETH A LAMBRIX SECRETARY
000.00 		0 0 0
ONE LA-Z-BOY DRIVE
MONROE,MI48162
MELINDA D WHITTINGTON DIRECTOR
000.00 		0 0 0
ONE LA-Z-BOY DRIVE
MONROE,MI48162
LINDSAY A BARNES DIRECTOR
000.00 		0 0 0
ONE LA-Z-BOY DRIVE
MONROE,MI48162
RAPHAEL Z RICHMOND DIRECTOR
000.00 		0 0 0
ONE LA-Z-BOY DRIVE
MONROE,MI48162
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
27,259,105
b
Average of monthly cash balances.......................
1b
513,930
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
27,773,035
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
27,773,035
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
416,596
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
27,356,439
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,367,822
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
1,367,822
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
21,982
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
21,982
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,345,840
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,345,840
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,345,840
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
1,391,950
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,391,950
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 1,345,840
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 95,458
b From 2019...... 98,195
c From 2020...... 136,520
d From 2021...... 230,829
e From 2022...... 153,697
f Total of lines 3a through e ........ 714,699
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,391,950
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 1,345,840
e Remaining amount distributed out of corpus 46,110
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 760,809
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		95,458
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		665,351
10 Analysis of line 9:
a Excess from 2019.... 98,195
b Excess from 2020.... 136,520
c Excess from 2021.... 230,829
d Excess from 2022.... 153,697
e Excess from 2023.... 46,110
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
LA-Z-BOY FOUNDATION
ONE LA-Z-BOY DRIVE
MONROE,MI48162
(734) 242-1444
bThe form in which applications should be submitted and information and materials they should include:
ALL QUALIFIED TAX EXEMPT ORGANIZATIONS SEEKING AID FROM THE FOUNDATION SHOULD MAKE AN INITIAL APPROACH BY LETTER BRIEFLY DESCRIBING THE BASIC NEED. THE FOUNDATION DOES NOT PROVIDE FORMAL GRANT APPLICATION FORMS AND THERE IS NO ESTABLISHED PROCEDURE FOR SUBMITTING REQUESTS. ELABORATE PRESENTATIONS ARE NOT NECESSARY. ADDITIONAL INFORMATION MAY BE REQUESTED BY THE FOUNDATION AFTER PERSONAL INTERVIEWS WITH APPLICANTS UPON THE FOUNDATION'S INITIATIVE. REQUESTS ARE GENERALLY REVIEWED QUARTERLY IN MARCH, JUNE, SEPTEMBER AND DECEMBER.
cAny submission deadlines:
NONE NOTED
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION GENERALLY ADHERES TO THE FOLLOWING GUIDELINES. 1. THE GEOGRAPHIC AREAS FOR GRANT CONSIDERATION ARE NORMALLY LIMITED TO COMMUNITIES WITHIN THE UNITED STATES WHERE LA-Z-BOY INCORPORATED MANUFACTURING FACILITIES ARE LOCATED AND WITHIN A 30 MILE RADIUS OF CORPORATE HEADQUARTERS. 2. THE FOUNDATION DOES NOT MAKE DIRECT GRANTS TO INDIVIDUALS. 3. THE FOUNDATION DOES NOT MAKE GRANTS FOR TRAVEL AND CONFERENCES. 4. THE FOUNDATION DOES NOT MAKE LOANS. 5. THE FOUNDATION DOES NOT PROVIDE STARTUP FUNDS OF SEED MONEY.
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

12TH JUDICIAL DIST CHILDRENS ADVOCA

P O BOX 832
WHITWELL,TN37397 		    HUMAN SERVICES 2,500

ABILITY TREE

P O BOX 6929
SILOAM SPRINGS,AR72761 		    HUMAN SERVICES 10,000

AFTERNOON ADVENTURE LEARNING CENTER

306 N MAIN ST
NEWTON,MS39345 		    EDUCATION-LIBRARIES 5,000

ALEXANDER COUNTY UNITED WAY

1567 NC-90
TAYLORSVILLE,NC28681 		    HUMAN SERVICES 5,000

AMERICAN HEART ASSOCIATION

26555 EVERGREEN RD 570
SOUTHFIELD,MI48076 		    HEALTH CARE 50,000

AMERICAN LEGION SILOAM POST 29

110 N MT OLIVE
PO BOX 35
SILOAM SPRINGS,AR72761 		    PUBLIC BENEFIT 4,000

AMERICAN RED CROSS

7800 OUTER DRIVE WEST
DETROIT,MI48503 		    HUMAN SERVICES 40,000

ANIMAL SHELTER ALLIANCE OF RHEA

9118 BACK VALLEY RD
EVENSVILLE,TN37332 		    PUBLIC BENEFIT 2,000

APPALACIAN STATE UNIVERSITY

287 RIVERS ST
BOONE,NC28608 		    EDUCATION-LIBRARIES 66,600

AVENUES FOR AUTISM

2105 LAWRENCE AVE
232
TOLEDO,OH43606 		    EDUCATION-LIBRARIES 10,000

BLEDSOE CO LITERACY COUNCIL

933 SEQUATCHIE RD W
PIKEVILLE,TN37367 		    EDUCATION-LIBRARIES 2,500

BOY SCOUTS OF AMERICA

3914 BESTECH DR
YPSILANTI,MI48197 		    HUMAN SERVICES 5,000

BOY'S & GIRL'S CLUB OF WESTERN BENT

655 HERITAGE COURT
SILOAM SPRINGS,AR72761 		    HUMAN SERVICES 5,000

CALDWELL ARTS COUNCIL

601 COLLEGE AVE SW
LENOIR,NC28645 		    HUMANITIES-ARTS 2,500

CALDWELL CO UNITED WAY

304 MAIN ST SW
LENOIR,NC28645 		    HUMAN SERVICES 10,000

CALDWELL MEM HOSPITAL FOUNDATION

639 PENNTON AVE SW
LENOIR,NC28645 		    HEALTH CARE 2,500

CHATTANOOGA AUTISM CENTER

1400 MCCALLIE AVE
1000
CHATTANOOGA,TN37404 		    EDUCATION-LIBRARIES 2,000

CHILDREN'S ADVOCACY CENTER OF BENTO

2113 LITTLE FLOCK DR
ROGERS,AR72756 		    HUMAN SERVICES 20,000

CITY OF DAYTON FIRE DEPARTMENT

1169 MARKET ST B
DAYTON,TN37321 		    PUBLIC BENEFIT 8,000

CITY OF MONROE POLICE DEPARTMENT

100 E 2ND ST
1
MONROE,MI48161 		    PUBLIC BENEFIT 10,250

CLYDE W RODDY PUBLIC LIBRARY

371 1ST AVE
DAYTON,TN37321 		    EDUCATION-LIBRARIES 3,500

COMMUNITIES IN SCHOOL

2345 CRYSTAL DRIVE
700
ARLINGTON,VA22202 		    EDUCATION-LIBRARIES 2,500

COMMUNITY CLINIC SILOAM SPRINGS

500 S MT OLIVE ST
200
SILOAM SPRINGS,AR72761 		    HEALTH CARE 2,500

COMMUNITY FOUND OF MONROE CO

28 S MACOMB ST
MONROE,MI48161 		    PUBLIC BENEFIT 21,000

CRIME STOPPERS OF SE MICHIGAN

18000 W NINE MILE RD
500
SOUTHFIELD,MI48075 		    PUBLIC BENEFIT 2,500

CUMBERLAND TRAILS

409 THURMAN AVE
102
CROSSVILLE,TN38555 		    PUBLIC BENEFIT 5,000

DAYTON CITY SCHOOL

520 CHERRY ST
DAYTON,TN37321 		    EDUCATION-LIBRARIES 3,000

DECATUR UNITED METHODIST FOOD PANTR

268 WEST BROAD ST
DECATUR,MS39327 		    HUMAN SERVICES 8,000

DOGWOOD LITERACY COUNCIL

100 S BROADWAY ST
H
SILOAM SPRINGS,AR72761 		    EDUCATION-LIBRARIES 4,000

EAST CENTRAL COMM COLLEGE FDN

275 W BROAD ST
DECATUR,MS39327 		    EDUCATION-LIBRARIES 2,000

EAST NEWTON CHARITABLE FOUNDATION

P O BOX 581
GRANBY,MO64844 		    EDUCATION-LIBRARIES 12,500

EDUCATION FOUNDATION CALDWELL CO

1891 HICKORY BLVD
LENOIR,NC28645 		    EDUCATION-LIBRARIES 2,500

FAM COUNSELING & SHELTER SVCS

14930 LAPIAISANCE RD
106
MONROE,MI48161 		    HUMAN SERVICES 15,000

FIRST SOUTHERN BAPTIST CHURCH

231 3RD AVE
DAYTON,TN37321 		    PUBLIC BENEFIT 4,000

FRAZIER ELEMENTARY SCHOOL

3900 DOUBLE S RD
DAYTON,TN37321 		    EDUCATION-LIBRARIES 3,000

FRIENDS OF MISSISSIPPI VETERANS

PO BOX 452
UNION,MS39365 		    HUMAN SERVICES 2,500

GABBYS GRIEF CENTER

2262 N MONROE ST
MONROE,MI48162 		    HUMAN SERVICES 10,000

GIRL SCOUTS OF SE MICHIGAN

1333 BREWERY PARK BVD 500
DETROIT,MI48207 		    HUMAN SERVICES 5,000

GRAYSVILLE ELEMENTARY SCHOOL

606 LONG ST
GRAYSVILLE,TN37338 		    EDUCATION-LIBRARIES 3,000

HABITAT FOR HUMANITY MON CO

14930 LAPLAISANCE RD
111
MONROE,MI48161 		    HUMAN SERVICES 30,000

HELPING HANDS HELPING HEARTS

PO BOX 545
DAYTON,TN37321 		    HUMAN SERVICES 2,000

HICKORY MISSION FOOD PANTRY

240 N MAIN
WHEATLAND,MO65779 		    HUMAN SERVICES 8,000

HOPE CANCER RESOURCES

5835 W SUNSET AVE
SPRINGDALE,AR72762 		    HEALTH CARE 3,500

IDA PUBLIC SCHOOLS

3145 PRAIRIE ST
IDA,MI48140 		    EDUCATION-LIBRARIES 3,600

JASPER COUNTY BAPTIST EMERGENCY

21 THIGPEN RD
BAY SPRINGS,MS39422 		    HUMAN SERVICES 8,000

KANSAS CITY UNIVERSITY DENTAL COLL

1750 INDEPENDENCE AVE
KANSAS CITY,MO64106 		    EDUCATION-LIBRARIES 10,000

KIND AT HEART MINISTRIES

18561 MEADOWVIEW RD
SILOAM SPRINGS,AR72761 		    PUBLIC BENEFIT 5,000

KNABUSCH MATH & SCIENCE CENTER

6670 WATERS EDGE DR
MONROE,MI48161 		    EDUCATION-LIBRARIES 50,000

MAKE A WISH FOUNDATION

1702 E HIGHLAND AVE
PHOENIX,AZ85016 		    HUMAN SERVICES 10,000

MONROE CO BUSINESS BUS ALLIANCE

23 E FRONT ST
202
MONROE,MI48161 		    PUBLIC BENEFIT 15,000

MONROE CO OPP PROG

1140 S TELEGRAPH RD
4006
MONROE,MI48161 		    HUMAN SERVICES 100,000

MONROE FAMILY YMCA

1111 W ELM AVE
MONROE,MI48162 		    HUMAN SERVICES 80,000

MS STATE UNIVERSITY FDN

100 HUNTER HENRY BLVD
MISSISSIPPI STATE,MS39762 		    EDUCATION-LIBRARIES 2,000

NEOSHO R-5 SCHOOLS CHARITABLE

418 FAIRGOUND RD
NEOSHO,MO64850 		    EDUCATION-LIBRARIES 100,000

NEOSHO R-5 SCHOOLS CHARITABLE FDN

418 FAIRGROUND ROAD
NEOSHO,MO64850 		    EDUCATION-LIBRARIES 15,000

NEOSHO YMCA

4701 CHOUTEAU ST
NEOSHO,MO64850 		    PUBLIC BENEFIT 10,000

NEW-MAC CASA

224 SOUTH WOOD
NEOSHO,MO64850 		    PUBLIC BENEFIT 5,000

NEWTON CO FOOD BASKET BRIGADE

PO BOX 925
NEOSHO,MO64850 		    HUMAN SERVICES 10,000

NEWTON VOLUNTEER FIRE DEPT

126 SCANLAN ST
NEWTON,MS39345 		    PUBLIC BENEFIT 6,000

PROJECT SECOND CHANCE

P O BOX 103
MONROE,MI48161 		    HUMAN SERVICES 5,000

PROMEDICA FOUNDATION

444 N SUMMIT ST
100
TOLEDO,OH43604 		    HUMAN SERVICES 50,000

RHEA COUNTY COMMUNITY CENTER

450-514 CHURCH ST
DAYTON,TN37321 		    HUMAN SERVICES 6,000

RHEA CENTRAL SCHOOL

1005 DELAWARE AVE
DAYTON,TN37321 		    EDUCATION-LIBRARIES 3,000

RHEA CO IMAGINATION LIBRARY

PO BOX 669
DAYTON,TN37321 		    EDUCATION-LIBRARIES 3,000

RHEA COUNTY DEPT OF ED

305 CALIFORNIA AVE
DAYTON,TN37321 		    EDUCATION-LIBRARIES 10,000

RHEA COUNTY FAIR

290 HAROLD ROBBINS LANE
EVENSVILLE,TN37332 		    PUBLIC BENEFIT 3,000

RHEA COUNTY SCHOOL BUILD THE BUS

885 EAGLE LN
EVENSVILLE,TN37332 		    EDUCATION-LIBRAIES 3,000

RHEA COUNTY SHERIFFS OFFICE

7800 RHEA COUNTY HWY
DAYTON,TN37321 		    PUBLIC BENEFIT 5,000

RHEA COUNTY UNITED WAY

224 4TH AVE
DAYTON,TN37321 		    PUBLIC BENEFIT 53,000

RHEA COUNTY VETERANS SERVICES

375 CHURCH ST
205
DAYTON,TN37321 		    HUMAN SERVICES 5,000

RHEA MEDICAL CENTER

9400 RHEA COUNTY HWY
DAYTON,TN37321 		    HEALTH CARE 5,000

RHEA OF HOPE

3314 RHEA COUNTY HIGHWAY
DAYTON,TN37321 		    HUMAN SERVICES 8,000

RHEA RESCUE SQUAD

260 MCGOFFIN AVE
SPRING CITY,TN37381 		    PUBLIC BENEFIT 3,000

RHEA-RICHLAND SENIOR NEIGHBORS

241 ALABAMA AVE
53
DAYTON,TN37321 		    HUMAN SERVICES 4,000

RIGSBY ELEMENTARY SCHOOL

8231 NEW HARMONEY ROAD
PIKEVILLE,TN37367 		    EDUCATION-LIBRARIES 3,000

RIVER RAISIN NBP FOUNDATION

333 N DIXIE HYW
MONROE,MI48162 		    EDUCATION-LIBRARIES 140,000

ROBIN'S NEST CAC CALDWELL CO

1051 HARPER AVENUE
LENOIR,NC28645 		    HUMAN SERVICES 2,500

SENECA R-7 SCHOOLS FOUNDATION

914 FRISCO ST
SENECA,MO64865 		    EDUCATION-LIBRARIES 12,500

SILOAM SPRINGS FIREFIGHTERS AUXILIA

100 SOUTH MOUNT OLIVE
SILOAM SPRINGS,AR72761 		    PUBLIC BENEFIT 3,000

SILOAM SPRINGS SENIOR CENTER

750 HERITAGE CT
SILOAM SPRINGS,AR72761 		    PUBLIC BENEFIT 5,000

SPECIAL OLYMPICS TENNESSEE

461 CRAIGHEAD ST
NASHVILLE,TN37204 		    HUMAN SERVICES 2,000

SUNSHINE SCHOOL & DEVELOPMENT

3400 WOODS LANE
ROGERS,AR72756 		    EDUCATION-LIBRARIES 5,000

TALKINGTON FOUNDATION RECOVERY

209 N VALLEY ST
NEOSHO,MO64850 		    HUMAN SERVICES 5,000

TENNESSEE VALLEY THEATRE

184 W JACKSON AVE
SPRING CITY,TN37381 		    HUMANTIES 2,000

THE CARE CENTER

285 MAIN ST
DAYTON,TN37321 		    HUMAN SERVICES 1,500

THE FOUNDATION CALDWELL COMM COLL

1891 HICKORY BLVD
LENOIR,NC28645 		    EDUCATION-LIBRARIES 2,500

THE MANNA CENTER

670 HERITAGE CT
SILOAM SPRINGS,AR72761 		    HUMAN SERVICES 10,000

THE SALVATION ARMY

815 E 1ST ST
MONROE,MI48162 		    HUMAN SERVICES 20,000

THE TOLEDO ZOO

2 HIPPO WAY
TOLEDO,OH43609 		    ENVIRONMENT 2,500

TOLEDO ALLIANCE FOR PERFORMING ARTS

1838 PARKWOOD AVE
310
TOLEDO,OH43604 		    HUMANITIES 1,000

TOLEDO MUSEUM OF ART

2445 MONROE ST
TOLEDO,OH43620 		    HUMANTIES 2,500

TRINITY LUTHERAN

323 SCOTT ST
MONROE,MI48161 		    HUMAN SERVICES 10,000

TSCDBA IMAGINATION STATION

1 DISCOVERY WAY
TOLEDO,OH43604 		    EDUCATION-LIBRARIES 10,000

UNITED GIVERS FUND

PO BOX 301
NEWTON,MS39345 		    PUBLIC BENEFIT 25,000

UNITED WAY OF MONROELENAWEE CO

216 N MONROE ST
MONROE,MI48162 		    PUBLIC BENEFIT 90,000

VFW CARLETON POST 4093

700 CARLETON ROCKWOOD RD
CARLETON,MI48117 		    PUBLIC BENEFIT 2,000

WATTS COMMUNITY BUILDING ORG

110 N MT OLIVE ST
SILOAM SPRINGS,AR72761 		    PUBLIC BENEFIT 2,500

WATTS PUBLIC SCHOOL

616 6TH ST
WATTS,OK74964 		    EDUCATION-LIBRARIES 4,500

WE ARE THE 22

9005 N POINT RD
ROLAND,AR72135 		    PUBLIC BENEFIT 4,000

WE CARE COMMUNITY SERVICES INC

1273 DAYTON MOUNTAIN HWY
DAYTON,TN37321 		    HUMAN SERVICES 3,000

WESTVIEW SCHOOL DISTRICT

7441 WESTVIEW RD
NEOSHO,MO64850 		    EDUCATION-LIBRARIES 7,500
Total .................................right arrow 3a 1,391,950
bApproved for future payment

APPALACIAN STATE UNIVERSITY
287 RIVERS ST
BOONE,NC28608 		    EDUCATION-LIBRARIES 66,600

MANUFACTURING PLANTS GRANTS
ONE LA-Z-BOY DRIVE
MONROE,MI48162 		    VARIOUS 434,000

NEOSHO R-5 SCHOOLS CHARITABLE FDN
418 FAIRGROUND ROAD
NEOSHO,MO64850 		    EDUCATION-LIBRARIES 100,000

RIVER RAISIN NBP FOUNDATION
ONE LA-Z-BOY DRIVE
MONROE,MI48162 		    EDUCATION-LIBRARIES 140,000

SILOAM SPRINGS PUBLIC SCHOOL FDN
P O BOX 6664
SILOAM SPRINGS,AR72761 		    EDUCATION-LIBRARIES 150,000

AMERICAN HEART ASSOCIATION
26555 EVERGREEN RD 570
SOUTHFIELD,MI48076 		    HEALTH CARE 30,000
Total ................................. right arrow 3b 920,600
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 55  
4 Dividends and interest from securities ....     14 1,498,997  
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 .....     14    
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 273,715  
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) ..   1,772,767  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,772,767
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
LA-Z-BOY FOUNDATION
EIN:
38-6087673
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREP 3,800      

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

TY 2023 GainLossSaleOtherAssetsSch
Name:
LA-Z-BOY FOUNDATION
EIN:
38-6087673
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
COMERICA OLD PLATFORM - ATTACHED   PURCHASE     60,966 60,966        
COMERICA OLD PLATFORM - ATTACHED   PURCHASE     297,241 261,069     36,172  
COMERICA OLD PLATFORM - ATTACHED   PURCHASE     307,323 307,323        
COMERICA OLD PLATFORM - ATTACHED   PURCHASE     1,523,891 1,479,813     44,078  
COMERICA OLD PLATFORM - ATTAHED   PURCHASE     111,517 111,517        
COMERICA OLD PLATFORM - ATTACHED   PURCHASE     290,964 266,735     24,229  

TY 2023 InvestmentsCorpStockSchedule
Name:
LA-Z-BOY FOUNDATION
EIN:
38-6087673
Name of Stock End of Year Book Value End of Year Fair Market Value
COMERICA - EQUITIES 18,169,023 18,830,122

TY 2023 OtherExpensesSchedule
Name:
LA-Z-BOY FOUNDATION
EIN:
38-6087673
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
CORPORATE FILING FEE 20      
COUNCIL OF MI FOUN - MEMBER F 6,000      
BANK CHARGES 136      


TY 2023 OtherIncreasesSchedule
Name:
LA-Z-BOY FOUNDATION
EIN:
38-6087673
Description Amount
CORRECTION COST BASIS 30,485


TY 2023 OtherProfessionalFeesSchedule
Name:
LA-Z-BOY FOUNDATION
EIN:
38-6087673
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMERICA 51,847 51,847    


TY 2023 TaxesSchedule
Name:
LA-Z-BOY FOUNDATION
EIN:
38-6087673
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
2023 ESTIMATED EXCISE TAX PAYMEN 35,000 35,000