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
CARES FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6920 FAIR OAKS BLVD 205
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CARMICHAEL, CA95608
A Employer identification number

45-2544055
B Telephone number (see instructions)

(916) 914-6274
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$32,554,244J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 739,434 739,434  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,486,961
b Gross sales price for all assets on line 6a 37,638,549
7 Capital gain net income (from Part IV, line 2)... 2,486,961
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........ 3,226,395 3,226,395  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,797 38,098   12,699
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
293,311 160,928   136,893
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
25,049 0   200
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
22,303 0   17,303
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 391,460 199,026   167,095
25 Contributions, gifts, grants paid....... 1,571,828 1,571,828
26 Total expenses and disbursements. Add lines 24 and 25 1,963,288 199,026   1,738,923
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,263,107
b Net investment income (if negative, enter -0-) 3,027,369
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............. 1,057,563 331,693 331,693
2 Savings and temporary cash investments......... 1,144,422 501,621 501,621
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.......... 7,168 2,168 2,168
10a Investments—U.S. and state government obligations (attach schedule) 1,600,116 Click to see attachment
List of Attached Documents:
// Content
2,791,799 		2,791,799
b Investments—corporate stock (attach schedule)....... 21,363,266 Click to see attachment
List of Attached Documents:
// Content
17,774,806 		17,774,806
c Investments—corporate bonds (attach schedule)....... 4,771,367 Click to see attachment
List of Attached Documents:
// Content
11,152,157 		11,152,157
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) 29,943,902 32,554,244 32,554,244
Liabilities 17 Accounts payable and accrued expenses.......... 4,658 148
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) Click to see attachment
List of Attached Documents:
// Content
8,529 		Click to see attachment
List of Attached Documents:
// Content
33,379
23 Total liabilities (add lines 17 through 22)......... 13,187 33,527
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........... 29,930,715 32,520,717
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 29,930,715 32,520,717
30 Total liabilities and net assets/fund balances (see instructions). 29,943,902 32,554,244
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
29,930,715
2
Enter amount from Part I, line 27a .....................
2
1,263,107
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,326,895
4
Add lines 1, 2, and 3 ..........................
4
32,520,717
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
32,520,717
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 PUBLICALLY TRADED SECURITIES P 2023-01-01 2023-12-31
b PUBLICALLY TRADED SECURITIES P 2022-01-01 2023-12-31
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 13,958,389   13,837,415 120,974
b 23,680,160   21,314,173 2,365,987
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       120,974
b       2,365,987
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,486,961
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 42,080
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 42,080
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 42,080
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 44,600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 44,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 77
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 2,443
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow2,443 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.THECARESFOUNDATION.ORG
14
The books are in care ofright arrowBWO CPAS Telephone no.right arrow (916) 921-2600

Located atright arrow6920 FAIR OAKS BLVD SUITE 205CARMICHAELCA ZIP+4right arrow95608
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
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
FRED MEYERS PRESIDENT
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
OLIVIA KASIRYE VICE PRESIDENT
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
ALICE KESSLER SECRETARY
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
JOHN KAY CFO
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
ASHLEY BRAND MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
ERIN CABELERA MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
GRACIELA CASTILLO- KRINGS MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
MICHAEL MARTINEZ MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
RICHARD POLLARD MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
ROBERT STYRON MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
DANIEL TORRES MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
RONALD WOO MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
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
CARBONE JOY CONSULTING LLC CONSULTING SERVICES 99,838
3621 LOMA DRIVE
SHINGLE SPRINGS,CA95682
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
30,002,689
b
Average of monthly cash balances.......................
1b
887,396
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
30,890,085
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
30,890,085
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
463,351
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
30,426,734
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,521,337
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
1,521,337
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
42,080
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
42,080
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,479,257
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,479,257
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
1,479,257
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
1,738,923
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
1,738,923
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 1,479,257
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,098,059
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$ 1,738,923
a Applied to 2022, but not more than line 2a 1,098,059
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..... 640,864
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 .......... 		838,393
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 e-mail address of the person to whom applications should be addressed:
DEBORAH BOUZARD
1500 21ST STREET
SACRAMENTO,CA95811
(916) 914-6390
DEBBIE@THECARESFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
THE REQUESTOR MUST COMPLETE A LETTER OF INQUIRY (LOI) FOR REVIEW AND APPROVAL PRIOR TO SUBMITTING A GRANT APPLICATION
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS WILL SUPPORT ORGANIZATIONS IN THE GREATER SACRAMENTO AREA THAT DIRECTLY SERVE THE NEEDS OF PEOPLE WITH HIV/AIDS OR AID IN THE PREVENTION OF HIV/AIDS TRANSMISSION
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

COMMUNITY AGAINST SEXUAL HARM (CASH)

3101 1ST AVE
SACRAMENTO,CA95817 		N/A PC HIV/STI PREVENTION AND PROVIDE PREP INFORMATION TO SEX WORKERS. 182,500

COMMUNICARE HEALTH CENTERS

500 JEFFERSON BLVD
WEST SACRAMENTO,CA95605 		N/A PC PREP CLINIC, NAVIGATION, REFERRALS FOR ON-SITE BEHAVIORAL HEALTH SERVICES 75,000

GOLDEN RULE SERVICES

4433 FLORIN RD STE 860
SACRAMENTO,CA95823 		N/A PC NON-MEDICAL CASE MANAGEMENT FOR PEOPLE OF COLOR LIVING WITH HIV, HIV CARE 44,400

HARM REDUCTION SERVICES (HRS)

2800 STOCKTON BLVD
SACRAMENTO,CA95817 		N/A PC STREET OUTREACH TO HOMELESS, SEX WORKERS AND INJECTION DRUG USERS 310,000

SACRAMENTO LGBT COMMUNITY CENTER

1015 20TH STREET
SACRAMENTO,CA95811 		N/A PC HIV/STI TESTING AND LINKAGE TO CARE, SAFER SEX SUPPLIES 185,000

ONE COMMUNITY HEALTH

1500 21ST STREET
SACRAMENTO,CA95811 		N/A PC HIV TESTING, CARE PROGRAM 300,000

SAFER ALTERNATIVES THRU NETWORKING AND EXCHANGE (SANE)

2211 DEL PASO BLVD
SACRAMENTO,CA95815 		N/A PC SYRINGE EXCHANGE, RISK REDUCTION EDUCATION ON-SITE 74,928

SAC COUNTY PUBLIC HEALTH

9616 MICRON AVE STE 930
SACRAMENTO,CA95827 		N/A PC PREP NAVIGATION TO HIGH RISK HIV NEGATIVE CLIENTS 200,000

SUNBURST PROJECTS

2143 HURLEY WAY STE 240
SACRAMENTO,CA95825 		N/A PC HIV TESTING, CARE PROGRAM 110,000

PLANNED PARENTHOOD MAR MONTE

1691 THE ALAMEDA
SAN JOSE,CA95126 		N/A PC HIV/STI EDUCATION FOR YOUTH AND YOUNG ADULTS INCLUDING PREP 80,000

NORCAL AIDS CYCLE

PO BOX 161934
SACRAMENTO,CA95816 		N/A PC 2023 SPONSORSHIP 10,000
Total .................................right arrow 3a 1,571,828
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 ........... 		         
4 Dividends and interest from securities ....     14 739,434  
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 2,486,961  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 3,226,395 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,226,395
(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:
CARES FOUNDATION
EIN:
45-2544055
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 50,797 38,098   12,699

TY 2023 InvestmentsCorpBondsSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Name of Bond End of Year Book Value End of Year Fair Market Value
ALLIANZ FIXED INCOME - SERIE C 580,793 580,793
ALLIANZ FIXED INCOME - SERIE M 584,142 584,142
CVS HEALTH CORP NTS B/E 46,257 46,257
DOMINION ENERGY INC B/E 59,926 59,926
ORACLE CORP NTS B/E 36,132 36,132
MORGAN STANLEY B/E 57,982 57,982
WELLS FARGO & CO B/E 56,936 56,936
BK OF AMER CORP 35,661 35,661
JPMORGAN CHASE & CO B/E 52,487 52,487
JH MANAGED ACCOUNT - CORPORATE BOND 555,838 555,838
JH MANAGED ACCOUNT - DEBT PORFOLIO 353,414 353,414
UBS SELECT GOVERNMENT INSTITUTIONAL FUND 2,035,556 2,035,556
BRANDYWINEGLOBAL - HIGH 2,059,833 2,059,833
VANGUARD 500 INDEX 4,540,763 4,540,763
FEDERATED HERMES GOVT 96,437 96,437

TY 2023 InvestmentsCorpStockSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Name of Stock End of Year Book Value End of Year Fair Market Value
ABB LTD SPON ADR 23,435 23,435
ADIDAS AG SPON ADR 31,003 31,003
ADOBE INC. (DELAWARE) 100,229 100,229
ADYEN N V ADR 11,399 11,399
AGILENT TECHNOLOGIES INC 38,511 38,511
AIA GROUP LTD SPON ADR 56,997 56,997
AIR PROD & CHEMICAL INC 144,840 144,840
AIRBUS SE UNSPONSORED ADR 153,046 153,046
AJINOMOTO CO INC ADR JAPAN ADR 21,870 21,870
AKAMAI TECHNOLOGIES INC 30,298 30,298
ALIBABA GROUP HLDG LTD SPON 34,027 34,027
ALLEGION PLC 90,330 90,330
ALPHABET INC CL A 192,912 192,912
AMADEUS IT GROUP UNSPONSORED 15,281 15,281
AMAZON.COM INC 196,306 196,306
AMDOCS LTD GBP 30,761 30,761
AMER EXPRESS CO 111,842 111,842
AMERICAN FINANCIAL GROUP INC 33,527 33,527
AMERICAN TOWER CORP REIT 185,657 185,657
ANALOG DEVICES INC 84,586 84,586
ANHEUSER BUSCH INBEV SPON ADR 16,284 16,284
ANSYS INC 92,897 92,897
AON PLC CL A 18,334 18,334
APPLE INC 41,971 41,971
APPLIED INDL TECH INC 32,293 32,293
APTARGROUP INC 35,232 35,232
ARGENX SE SPON ADR 16,358 16,358
ASHTEAD GROUP PLC ORD 18,192 18,192
ASM INTL NV EUR 21,806 21,806
ASML HLDG NV SPON ADR 122,621 122,621
ASPEN TECHNOLOGY INC 76,392 76,392
ASTRAZENECA PLC SPON ADR 97,119 97,119
ATLASSIAN CORP CL A 78,970 78,970
ATMOS ENERGY CORP 14,951 14,951
AVERY DENNISON CORP 30,122 30,122
AXA ADR 30,789 30,789
BAE SYSTEMS PLC SPON ADR 70,017 70,017
BAIDU INC ADS REPSNTG CL A ORD 24,175 24,175
BANCO BILBAO VIZCAYA 19,377 19,377
BANK OF AMER CORP 108,283 108,283
BECTON DICKINSON & CO 76,319 76,319
BEIGENE LTD SPON ADR 3,607 3,607
BENTLEY SYSTEMS INC CL B 118,710 118,710
BERKLEY W R CORP 79,065 79,065
BERKSHIRE HATHAWAY INC NEW 75,612 75,612
BJS WHSL CLUB HLDGS INC 43,662 43,662
BLACKSTONE INC CL A 100,808 100,808
BP PLC SPON ADR 12,744 12,744
BRIGHT HORIZONS FAMILY 53,623 53,623
BRITISH AMER TOBACCO PLC GB 19,829 19,829
BROOKFIELD CORP CL A CAD 19,097 19,097
BUNZL PLC NEW SPON ADR 18,055 18,055
BYD CO LTD ADR 40,071 40,071
CABLE ONE INC 15,028 15,028
CACTUS INC CL A 26,786 26,786
CADENCE DESIGN SYSTEM 98,053 98,053
CALLON PETROLEUM CO DELA 20,088 20,088
CAMDEN PPTY TR SBI 13,503 13,503
CANADIAN NAT RESOURCES LTD CAD 85,373 85,373
CANADIAN PAC KANS CITY LTD CAD 16,682 16,682
CAPGEMINI S E UNSPONSORED ADR 24,566 24,566
CARTER'S INC 23,441 23,441
CAVCO INDUSTRIES INC DEL 18,371 18,371
CBOE GLOBAL MARKETS INC 42,497 42,497
CENOVUS ENERGY INC CAD 26,357 26,357
CENTRAL JAPAN RAI ADR 31,250 31,250
CHARLES RIVER LABORATORIES 130,729 130,729
CHARTER COMMUNICATIONS INC NEW 66,076 66,076
CHECK POINT SOFTWARE TECH LTD 22,307 22,307
CHEMED CORP NEW 102,916 102,916
CHINA MERCHANTS BK CO LTD UNSPONSORED ADR 5,732 5,732
CHIPOTLE MEXICAN GRILL INC 93,765 93,765
CHOICE HOTELS INTL INC NEW 79,310 79,310
COHEN & STEERS INC 18,933 18,933
COLUMBIA SPORTSWEAR CO 27,680 27,680
COMCAST CORP NEW CL A 74,633 74,633
COMMERCE BANCSHARES 16,931 16,931
COOPER COMPANIES INC NEW 151,754 151,754
CORE LABORATORIES INC 16,653 16,653
COUPANG INC 7,512 7,512
CRH PLC ORD SHS .32 EACH ORD EUR 16,552 16,552
CTRIP.COM INTL SPON ADR 4,105 4,105
CUBESMART SBI 26,698 26,698
CVS HEALTH CORP 60,010 60,010
DAIICHI SANKYO CO LTD SPON ADR 52,348 52,348
DAIICHI SANKYO CO LTD SPON ADRS 26,967 26,967
DANAHER CORP 205,199 205,199
DBS GROUP HLDGS LTD. SPON ADR 84,957 84,957
DEERE AND CO 36,788 36,788
DEUTSCHE TELEKOM AG DE SPON ADR 91,959 91,959
DISCO CORP UNSPONSORED ADR 11,989 11,989
DOLBY LABORATORIES INC CL A 95,487 95,487
DONALDSON CO INC 40,256 40,256
DSV A/S ADR 27,486 27,486
DYNATRACE INC 84,277 84,277
EAST WEST BANCORP INC 30,795 30,795
EATON CORP PLC 74,895 74,895
ECOLAB INC 74,381 74,381
EDISON INTL 82,714 82,714
EDWARDS LIFESCIENCES CORP 95,770 95,770
EISAI CO LTD ADR 12,697 12,697
ELBIT SYSTEMS LTD ILS 50,540 50,540
ELEVANCE HEALTH INC 77,807 77,807
ENEL SPA ADR 17,171 17,171
ENN ENERGY HOLDINGS LTD SPON 13,445 13,445
ENTAIN PLC ADR 9,970 9,970
EQUIFAX INC 84,326 84,326
ESSILORLUXOTTICA ADR 18,591 18,591
EURONAV SA 45,927 45,927
EXLSERVICE HOLDINGS INC 40,414 40,414
EXPEDITORS INTL WASH INC 36,379 36,379
EXPONENT INC 61,628 61,628
F5 INC 44,745 44,745
FACTSET RESH SYSTEMS INC 48,182 48,182
FAIR ISAAC CORP 61,693 61,693
FERRARI N V EUR 20,983 20,983
FLOWERS FOODS INC 31,131 31,131
FLUTTER ENTMT PLC ADR 37,829 37,829
FORTESCUE METALS GROUP LTD 47,716 47,716
FORTIVE CORP 94,099 94,099
FUJI FILM HOLDINGS CORP ADR 57,709 57,709
FUJITSU LTD ADR NEW JAPAN ADR 16,246 16,246
GALAXY ENTERTAINMENT UN 11,837 11,837
GALAXY ENTERTAINMENT UN SPONSORED ADR 22,103 22,103
GALLAGHER ARTHUR J & CO 49,698 49,698
GARTNER INC 91,575 91,575
GIVAUDAN SA ADR 17,862 17,862
GLENCORE PLC UNSPONSORED ADR 108,012 108,012
GRUPO AEROPORTURAIO DEL PACIFICO SAB DE CV REPSTG 10 SER B SHS SPON ADR 7,359 7,359
HALEON PLC SPON ADR 60,145 60,145
HDFC BANK LTD ADR REPSTG 3 ORD SHS 90,733 90,733
HEIDELBERG MATERIALS AG ADR 20,736 20,736
HELMERICH & PAYNE INC 23,833 23,833
HENRY JACK & ASSOC INC 98,863 98,863
HERMES INTL SCA ADR 4,465 4,465
HEXAGON AB UN SPON ADR 25,735 25,735
HITACHI LTD ADR NEW JAPAN 38,456 38,456
HOME DEPOT INC 63,765 63,765
HONG KONG EXCHANGES & CLEARING LTD ADR 9,042 9,042
HOYA CORP SPON ADR 47,567 47,567
HSBC HOLDINGS PLC NEW GB SPON ADR 64,215 64,215
HUBBELL INC 31,248 31,248
ICICI BANK LTD SPON ADR 88,232 88,232
IDACORP INC (HOLDING COMPANY) 15,928 15,928
IDEX CORP 34,738 34,738
IDEXX LABS 101,019 101,019
ILLINOIS TOOL WORKS INC 78,320 78,320
INDUSTRIA DE DISENO TEXTIL IND 26,947 26,947
INFINEON TECHNOLOGIES ADR 62,859 62,859
INFOSYS LTD SPON ADR 15,072 15,072
ING GROEP N V NL SPON ADR 48,304 48,304
INPEX CORP ADR 76,129 76,129
INTEL CORP 205,171 205,171
INTERACTIVE BROKERS GROUP INC 57,698 57,698
INTERPUBLIC GROUP OF COS INC 29,866 29,866
INTL BANCSHARES CORP TEXAS 8,202 8,202
INTUIT 184,384 184,384
ITAU UNIBANCO HLDG SA ADR 15,936 15,936
JBS SA SPON ADR 68,775 68,775
JD COM INC CL A SPON ADR 3,785 3,785
JOHNSON & JOHNSON COM 74,765 74,765
JONES LANG LASALLE INC 40,985 40,985
JPMORGAN CHASE & CO 158,363 158,363
KB FINL GROUP INC SPON ADR 59,449 59,449
KERING S A UN SPONSORED ADR 9,733 9,733
KINGSPAN GROUP PLC ADR 13,430 13,430
LAM RESEARCH CORP 65,794 65,794
LAMAR ADVERTISING CO NEW CL A 28,908 28,908
LASERTEC CORP ADR 12,985 12,985
LENNOX INTL INC 102,035 102,035
LI NING CO LTD ADR 1,408 1,408
LINCOLN ELEC HOLDINGS NEW 34,794 34,794
LINDE PLC NEW EUR 79,678 79,678
LONDON STK EXCHANGE 50,778 50,778
LONZA GROUP AG ADR 11,575 11,575
LPL FINL HLDGS INC COM 81,943 81,943
LVMH MOET HENNESSY LOUIS ADR 135,483 135,483
MANHATTAN ASSOC INC 15,288 15,288
MARSH & MCLENNAN COS INC 59,115 59,115
MARTIN MARIETTA MATERIALS INC 59,370 59,370
MARUBENI CORP ADR JAPAN ADR 29,471 29,471
MARVELL TECHNOLOGY INC 94,868 94,868
MASCO CORP 18,152 18,152
MCKESSON CORP 82,873 82,873
MEDPACE HOLDINGS INC 52,110 52,110
MERCADOLIBRE INC 33,002 33,002
MERCK & CO INC COM 47,424 47,424
META PLATFORMS INC CL A 57,695 57,695
MICROSOFT CORP 280,526 280,526
MONOLITHIC POWER SYSTEMS INC 112,279 112,279
MOTOROLA SOLUTIONS INC 103,007 103,007
MS&AD INS GROUP HLDGS ADR 54,416 54,416
MSCI INC 103,514 103,514
MTU AERO ENGINES HLDGS AG ADR 22,991 22,991
NESTE OYJ ADR 15,447 15,447
NESTLE S A SPONSORED ADR 106,495 106,495
NETAPP INC 29,622 29,622
NETEASE INC SPON ADR 13,601 13,601
NICE LTD SPON ADR 17,357 17,357
NIKE INC CL B 83,707 83,707
NIPPON TELEG & TEL CORP SPON 17,944 17,944
NORDSON CORP 142,382 142,382
NOVO NORDISK ADR DENMARK ADR 185,072 185,072
NTHN TRUST CORP 29,280 29,280
NU HLDGS LTD CL A 10,987 10,987
NUTRIEN LTD CAD 40,445 40,445
NVIDIA CORP 222,354 222,354
OMNICOM GROUP INC 19,032 19,032
ONE GAS INC 20,136 20,136
ORACLE CORP 48,182 48,182
OTIS WORLDWIDE CORP 59,855 59,855
PACKAGING CORP OF AMERICA 25,414 25,414
PAN PAC INTL HLDGS CORP ADR 50,875 50,875
PAYCOM SOFTWARE INC 36,796 36,796
PDD HOLDINGS INC SPON ADR 76,228 76,228
PEPSICO INC 60,293 60,293
PERNOD RICARD SA SPON ADR 14,438 14,438
PHILIP MORRIS INTL INC 22,109 22,109
PHYSICIANS REALTY TRUST SBI 20,857 20,857
PING AN INSURANCE (GROUP) CO 6,440 6,440
POOL CORP 109,246 109,246
PROGRESS SOFTWARE CORP 30,191 30,191
PROGRESSIVE CORP OHIO 51,925 51,925
PRUDENTIAL PLC ADR UNITED KINGDOM 43,418 43,418
PT ASTRA INTL TBK ADR 7,105 7,105
PT BK CENT ASIA TBK ADR 15,862 15,862
PT BK MANDIRI PERSERO TBK ADR 20,952 20,952
QUALYS INC 45,733 45,733
RECKITT BENCKISER PLC SPON ADR 40,423 40,423
RECRUIT HLDGS CO LTD UN 39,262 39,262
RENESAS ELECTRONICS CORP ADR REPSTG 1/2 COM SHS ADR 60,560 60,560
RENTOKIL INITIAL PLC SPON ADR 15,507 15,507
REVVITY INC 20,878 20,878
RHEINMETALL AG ADR 41,222 41,222
ROBERT HALF INC 19,430 19,430
ROCHE HLDG LTD SPONS ADR SWITZ ADR 45,070 45,070
ROLLINS INC 74,152 74,152
RPM INTL INC (DELA) 36,503 36,503
RYANAIR HOLDINGS PLC SPON ADR 19,737 19,737
SAFRAN SA ADR 60,899 60,899
SAGE GROUP PLC UN SPONSORED ADR 26,871 26,871
SAIA INC 66,609 66,609
SANDOZ GROUP AG SPON ADR 28,617 28,617
SANOFI SPON ADR 23,622 23,622
SANTOS LTD SPON ADR 58,415 58,415
SAP SE SPON ADR 26,744 26,744
SCHNEIDER ELEC SE UNSPONSORED ADR 21,523 21,523
SCHWAB CHARLES CORP NEW 118,886 118,886
SCOTTS MIRACLE-GRO CO CL A 44,689 44,689
SEI INVESTMENTS CO 44,676 44,676
SELECTIVE INS GROUP INC 30,043 30,043
SEMPRA 156,634 156,634
SERVICE CORP INTL 45,314 45,314
SERVICENOW INC 148,363 148,363
SEVEN & I HLDGS CO LTD ADR 60,651 60,651
SHELL PLC SPON ADR 100,674 100,674
SHERWIN WILLIAMS CO 66,747 66,747
SHIN ETSU CHEM CO LTD ADR 32,980 32,980
SHOPIFY INC CL A 36,925 36,925
SIEMENS A G SPON ADR 98,404 98,404
SIEMENS HEALTHINEERS AG ADR 19,168 19,168
SIKA AG UNSPONSORED ADR 41,995 41,995
SILGAN HOLDINGS INC 17,738 17,738
SITEONE LANDSCAPE SUPPLY INC 65,488 65,488
SK TELECOM CO LTD ADR 52,152 52,152
SMC CORP SPON ADR 27,795 27,795
SMITH A O CORP 33,141 33,141
SNAP ON INC 37,838 37,838
SONOVA HLDG AG ADR 16,462 16,462
SONY GROUP CORP SPONSORED ADR 28,218 28,218
STAG INDL INC SBI 26,108 26,108
STAR BULK CARRIERS CORP 51,279 51,279
STELLANTIS N V COM ** US 41,789 41,789
STMICROELECTRONICS N.V EUR 15,139 15,139
SUMITOMO MITSUI FINANCIAL SPON 52,166 52,166
SUZANO SA SPON ADR 51,518 51,518
TAIWAN SEMICONDUCTOR MFG CO 81,328 81,328
TAIWAN SEMICONDUCTOR MFG CO LTD ADR 99,424 99,424
TC ENERGY CORP CAD 70,479 70,479
TDK CORP ADR JAPAN ADR 20,773 20,773
TE CONNECTIVITY LTD CHF 58,870 58,870
TECHNIPFMC PLC 63,139 63,139
TECHTRONIC INDS SPON ADR HONG KONG 22,194 22,194
TELEDYNE TECHNOLOGIES INC 67,390 67,390
TELEFLEX INC 39,396 39,396
TENARIS S.A. ADS ADR 28,260 28,260
TENCENT HLDGS LTD ADR 53,322 53,322
TERADYNE INC 80,956 80,956
TEXAS ROADHOUSE INC CL A 25,057 25,057
TFI INTL INC CAD 17,133 17,133
THERMO FISHER SCIENTIFIC INC 186,307 186,307
THOR INDUSTRIES INC 91,880 91,880
TOKYO ELECTRON LTD ADR 24,786 24,786
TOPBUILD CORP 34,806 34,806
TORO CO 24,573 24,573
TOTALENERGIES SE SPON ADR 32,747 32,747
TRANE TECHNOLOGIES PLC 31,463 31,463
TRAVELERS COS INC/THE 66,862 66,862
TREASURY WINE ESTATES LTD SPON 9,797 9,797
UBER TECHNOLOGIES INC 104,977 104,977
UMB FINANCIAL CORP 22,057 22,057
UNICREDIT SPA UNSPONSORED ADR 41,936 41,936
UNITED PARCEL SERVICE INC CL B 94,181 94,181
UNITEDHEALTH GROUP INC 249,020 249,020
UNTD OVERSEAS BK LTD SPONS ADR 14,758 14,758
US BANCORP DEL (NEW) 47,175 47,175
VALE SA-SP SPON ADR 33,036 33,036
VEOLIA ENVIRONNEMENT SPON ADR 63,728 63,728
VERALTO CORP 130,547 130,547
VERISK ANALYTICS INC 93,394 93,394
VISA INC CL A 255,143 255,143
WASTE CONNECTIONS INC CAD 47,020 47,020
WATERS CORP 51,360 51,360
WATSCO INC 86,122 86,122
WEC ENERGY GROUP INC COM 54,542 54,542
WEST PHARMACEUTICAL SERVICES 86,622 86,622
WILLIAMS SONOMA INC 51,050 51,050
WOODSIDE ENERGY GROUP LTD ADR 17,990 17,990
WORLDLINE SA UNSPONSORED ADR 2,905 2,905
WUXI BIOLOGICS CAYMAN INC ADR 5,461 5,461
XP INC 5,996 5,996
ZEBRA TECHNOLOGIES CORP CL A 98,672 98,672
ZTO EXPRESS CAYMAN INC SPON 8,022 8,022
ZURN ELKAY WATER SOLUTION CORP 68,496 68,496

TY 2023 InvestmentsGovtObligationsSch
Name:
CARES FOUNDATION
EIN:
45-2544055
US Government Securities - End of Year Book Value:

2,791,799
US Government Securities - End of Year Fair Market Value:

2,791,799
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 OtherExpensesSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 13,010 0   13,010
OFFICE EXPENSES 5,000 0   0
WEB SERVICES 1,950 0   1,950
OFFICE SUPPLIES 335 0   335
ADMINISTRATIVE EXPENSES 1,667 0   1,667
FOOD 341 0   341


TY 2023 OtherIncreasesSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Description Amount
UNREALIZED GAIN ON INVESTMENTS 1,326,895


TY 2023 OtherLiabilitiesSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED EXCISE TAX 8,529 33,379


TY 2023 OtherProfessionalFeesSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEES 723 0   5,233
INVESTMENT FEES 160,928 160,928   0
CONSULTANT FEES 131,660 0   131,660


TY 2023 TaxesSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 24,849 0   0
STATE FILING FEES 200 0   200