TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
SZULIK FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)3717 WILLIAM J COWAN WYND
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27612

A Employer identification number

27-6979466

B Telephone number (see instructions)

(919) 782-6404

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$12,951,465J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	501,680		501,680
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-129,505
b	Gross sales price for all assets on line 6a 5,565,304
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	5,062	5,062
12	Total. Add lines 1 through 11........	377,237		506,742
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).......	List of Attached Documents: // Content	6,200	3,100	3,100
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	79,077	79,077	0
17	Interest...............	2,570		2,570	0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	1,675	1,365	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	108,122	104,953	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	197,644		191,065	3,100
25	Contributions, gifts, grants paid.......	595,000			595,000
26	Total expenses and disbursements. Add lines 24 and 25	792,644		191,065	598,100
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-415,407
b	Net investment income (if negative, enter -0-)			315,677
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	279,000	451,615	451,615
	3	Accounts receivable 42,000
		Less: allowance for doubtful accounts	7,500	42,000	42,000
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	97,251	List of Attached Documents: // Content 74,647	63,923
	b	Investments—corporate stock (attach schedule).......	5,224,426	List of Attached Documents: // Content 4,828,421	7,057,700
	c	Investments—corporate bonds (attach schedule).......	383,119	List of Attached Documents: // Content 403,833	388,055
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,962,345	List of Attached Documents: // Content 4,737,718	4,948,172
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	10,953,641	10,538,234	12,951,465
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	10,953,641	10,538,234
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	10,953,641	10,538,234
	30	Total liabilities and net assets/fund balances (see instructions).	10,953,641	10,538,234

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

10,953,641

Enter amount from Part I, line 27a .....................

-415,407

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

10,538,234

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

10,538,234

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
1 a	PUBLICLY TRADED SECURITIES	P
b	TFG TRADE CENTER REIT, LLC	P
c	FROM VECTOR CAPITAL CREDIT OPPORTUNITY FUND LP K-1	P
d	FROM PILLAR III-A LP K-1	P
e	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,563,517	5,582,370	-18,853
b		24,419	-24,419
c		78,658	-78,658
d		9,362	-9,362
e	1,787		1,787

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			-18,853
b			-24,419
c			-78,658
d			-9,362
e			1,787

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-129,505
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	4,388
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	4,388
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	4,388
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	9,000
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	9,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,612
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax4,612	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

THE FOUNDATION Telephone no. right arrow

(919) 782-6404

Located at right arrow

3717 WILLIAM J COWAN WYNDRALEIGHNC ZIP+4 right arrow

27612

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
MATTHEW J SZULIK	TRUSTEE 1.00	0	0	0
3717 WILLIAM J COWAN WYND RALEIGH,NC27612	TRUSTEE 1.00	0	0	0
KYLE SZULIK	TRUSTEE 1.00	0	0	0
3717 WILLIAM J COWAN WYND RALEIGH,NC27612	TRUSTEE 1.00	0	0	0

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...................				0

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	N/A	0
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	NONE	0
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

12,389,402

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

12,389,402

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

12,389,402

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

185,841

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

12,203,561

Minimum investment return. Enter 5% (0.05) of line 5................

610,178

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.)

Minimum investment return from Part IX, line 6..................

610,178

Tax on investment income for 2022 from Part V, line 5.......

4,388

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

4,388

Distributable amount before adjustments. Subtract line 2c from line 1............

605,790

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

605,790

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

605,790

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

598,100

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

598,100

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				605,790
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			592,072
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: $ 598,100
a Applied to 2022, but not more than line 2a			592,072
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.....				6,028
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 ..........				599,762
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)

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

MATTHEW J SZULIK

KYLE SZULIK

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BUZZARDS BAY COALITION 114 FRONT ST NEW BEDFORD,MA02740	N/A	PUBLIC CHARITY	SUPPORT	25,000
DUKE UNIVERSITY 324 BLACKWELL ST DURHAM,NC27701	N/A	PUBLIC CHARITY	SUPPORT	150,000
SAM & DEVORAH FOUNDATION FOR TRANS YOUTH 10 FAIRMOUNT AVE CHATHAM,NJ07928	N/A	PUBLIC CHARITY	SUPPORT	25,000
ST CHARLES BORROMEO CATHOLIC CHURCH 3304 N WASHINGTON BLVD ARLINGTON,VA22201	N/A	PUBLIC CHARITY	SUPPORT	5,000
ST FRANCIS CHAPEL 11401 LEESVILLE ROAD RALEIGH,NC27613	N/A	PUBLIC CHARITY	SUPPORT	25,000
WAKEMED FOUNDATION 3000 NEW BERN AVENUE RALEIGH,NC27610	N/A	PUBLIC CHARITY	SUPPORT	365,000
Total ................................. 3a				595,000

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	501,680
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	5,062
8 Gain or (loss) from sales of assets other than inventory ............			18	-129,505
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		377,237	0

13Total. Add line 12, columns (b), (d), and (e)..................

377,237

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

SZULIK FAMILY FOUNDATION

EIN:

27-6979466

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LIVINGSTON & HAYNES, PC	6,200	3,100		3,100

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

SZULIK FAMILY FOUNDATION

EIN:

27-6979466

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AECOM	5,321	4,964
AMERICAN TOWER CORP	5,163	5,294
ATI INC NOTE CALL	6,029	5,592
BALL CORP	9,640	8,580
BOEING	5,120	4,140
BROADCOM INC SER B NOTE	4,720	4,797
CCO HOLDINGS LLC/CCO HLDNGS	5,235	5,139
CELANESE US HOLDINGS LLC NOTE	4,986	5,286
CENTENE CORP	5,269	4,794
CENTRAL GARDEN & PET CO	5,166	4,548
CHENIERE ENERGY PARTNERS	4,390	4,782
CITIGROUP INC NOTE	6,093	5,312
CLEVELAND-CLIFFS INC	5,105	4,982
CROWN CASTLE INTL CORP NOTE	5,391	4,812
CVS HEALTH CORP	6,830	5,676
DANA INC	5,148	4,966
DELL INTL LLC/EMC CORP NOTE	6,786	6,149
DELTA AIR LINES INC	5,233	5,169
DISCOVERY COMMUNICATIONS LLC	5,322	4,756
EMBRAER NETHERLANDS	4,859	4,967
ENCOMPASS HEALTH CORP NOTE	6,083	5,741
ENERGY TRANSFER LP -BOND	5,624	5,037
FORD MTR CO	5,094	5,445
GOLDMAN SACHS GROUP INC NOTE	5,382	5,495
HASBRO INC NOTE	8,256	7,440
HOWMET AEROSPACE INC	4,079	4,047
KB HOMES	5,294	4,777
LAMAR MEDIA CORP	5,199	4,827
MATADOR RES CO SER B NOTE	5,086	4,959
METLIFE INC BOND PERPETUAL	6,112	5,680
MORGAN STANLEY MTN CALL	4,985	4,870
NAVIENT CORPORATION MTN CALL MAKE WHOLE	6,753	6,758
NEWFIELD EXPL CO NOTE	5,218	5,000
NRG ENERGY INC SER B	4,884	4,982
NUSTAR LOGISTICS LP NOTE	5,226	4,979
OLIN CORP	4,888	4,877
PENSKE AUTOMOTIVE GRP INC	6,038	5,498
SBA COMMUNICATIONS CORP SER B NOTE	7,995	7,682
SILGAN HOLDINGS INC SER B NOTE	6,094	5,730
SM ENERGY COMPANY NOTE	8,101	7,955
SPRINT CAP CORP	7,860	7,585
STARWOOD PPTY TR INC SER B NOTE	5,054	4,933
TEVA PHARMACEUTICAL	5,685	5,555
TWILIO INC NOTE CALL	6,804	6,386
UNITED AIRLINES HLDGS INC NOTE	6,928	6,913
VERIZON COMMUNICATIONS INC	7,074	5,393
WALMART INC NOTE	7,517	5,575
WELLS FARGO & COMPANY	4,946	4,948
WESTERN DIGITAL CORP	5,290	4,905
YUM BRANDS INC NOTE	5,430	5,411
CROWN AMERS LLC	4,803	4,952
CALLON PETE CO DEL SER B	5,962	5,971
SLM CORP NOTE CALL MAKE	5,265	5,595
JPMORGAN CHASE &CO NOTE	10,665	10,872
METHANEX CORP NOTE CALL	4,709	4,884
TENET HEALTHCARE CORP SER	4,903	4,888
MCDONALDS CORP MTN CALL	4,888	5,086
NETFLIX INC. SER B NOTE	5,079	5,264
ENLINK MIDSTREAM LLC NOTE	4,628	4,892
US BANCORP SER CC MTN	5,015	5,137
APA CORPORATION NOTE CALL	4,715	4,672
HILTON DOMESTIC OPER CO INC	4,684	4,846
SOUTHWESTERN ENERGY CO	4,703	4,882
WALGREENS BOOTS ALLIANCE INC	7,570	7,922
CAMPBELL SOUP CO NOTE CALL	4,987	5,201
UNITED RENTALS INC NOTE CALL	5,082	4,543
OCCIDENTAL PETE CORP SER B	5,680	5,688
TRUIST FINL CORP SER G MTN	5,022	5,100
BOEING CO NOTE CALL MAKE	1,870	2,068
BANK AMERICA CORP MTN CALL	7,715	6,161
AT&T INC NOTE CALL MAKE B	5,103	5,343

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

SZULIK FAMILY FOUNDATION

EIN:

27-6979466

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES	6,423	6,383
ABBVIE INC COM	45,355	59,044
AERCAP HOLDINGS NV	133,964	179,853
ALAMO GROUP INC	8,204	11,560
ALPHABET INC CAP STK CL A	2,044	16,762
ALPHABET INC CAP STK CL C	74,314	309,482
AMAZON.COM	191,716	389,270
AMERIS BANCORP	8,831	9,548
AMERISAFE INC	5,705	4,678
AMGEN INC	37,154	43,491
AON PLC	71,165	105,931
APPLE	8,036	11,744
ARES MGMT CORP COM CL A	62,353	91,568
BALCHEM CORP	7,857	8,925
BIOCRYST PHARMACEUTICALS	4,793	2,216
BK OF AMERICA CORP COM	12,786	13,266
BLACKSTONE INC COM	34,884	40,585
BOOT BARN HOLDINGS INC COM	7,545	6,908
BRISTOL-MYERS SQUIBB CO COM	7,517	6,157
BROADCOM INC COM	35,165	82,603
CAPITAL ONE FINANCIAL CORP	90,237	134,922
CATEPILLAR INC COM	40,820	58,838
CATHAY GENERAL BANCORP	7,082	8,023
CENTRAL GARDEN & PET CO CL A NON-VTG	11,285	11,671
CHAMPIONX CORPORATION	4,747	5,404
CHARTER COMMUNICATIONS	49,003	63,355
CHEVRON CORP NEW COM	47,919	50,566
CHUBB LIMITED COM NPV	4,326	6,328
CHUYS HLDGS INC COM	4,184	5,161
CISCO SYSTEMS INC	7,773	8,740
CME GROUP INC COM	36,962	38,119
COMCAST CORP	116,958	145,494
CONOCOPHILLIPS COM	263,362	289,363
DEERE & CO	5,317	5,998
DESCARTES SYS GROUP INC COM	9,428	10,508
DEVON ENERGY CORP	39,975	35,787
EATON CORPORATION PLC SHS	47,674	68,634
ELEVANCE HEALTH INC COM	123,939	146,655
EMERSON ELECTRIC CO	6,026	7,202
ENBRIDGE INC REGISTERED	40,922	39,400
FLYWIRE CORPORATION COM	9,584	9,723
GENERAL ELECTRIC CO	95,754	209,696
GENERAL MILLS INC COM	3,324	3,843
GOLDMAN SACHS GROUP	104,456	201,758
GRAND CANYONE EDUCATION INC	6,067	9,243
HALOZYME THERAPEUTICS INC	9,410	8,501
HEALTHEQUITY INC COM	9,089	9,945
HILTON WORLDWIDE HLDGS INC	45,407	109,436
HONEYWELL INTERNATIONAL INC.	6,492	6,501
HORACE MANN EDUCATORS CORP	10,153	8,175
HOULIHAN LOKEY INC CL A	7,659	10,192
HP INC COM	37,627	34,002
ICF INTERNATIONAL	6,592	9,386
IDACORP INC	7,461	6,882
INSMED INC	3,515	5,733
INTRA-CELLULAR THERAPIES INC COM	6,979	10,027
ITT INC COM	5,968	10,142
JOHNSON & JOHNSON COM	6,559	6,426
JP MORGAN CHASE & CO COM	11,487	14,459
KINDER MORGAN INC COM	3,931	5,468
KINDER MORGAN INC DEL COM	47,944	57,947
LEGGETT & PLATT INC COM	7,664	4,684
LIBERTY BROADBAND CORP COM SEC A	5,385	6,048
LIBERTY BROADBAND CORP COM SEC C	106,466	86,151
LOCKHEED MARTIN CORP COM	7,390	9,971
LOCKHEED MARTIN CORP COM	42,088	53,935
M&T BANK CORP COM	4,712	4,524
MACOM TECH SOLUTIONS HLDGS INC COM	7,897	12,084
MAGNOLIA OIL & GAS CORP CL A	6,879	9,793
MARRIOTT INTL INC CL A	41,835	104,637
MATADOR RESOURCES COMPANY COM USD0.01	6,479	13,646
MCDONALDS CORP	6,666	9,192
MCDONALDS CORP	38,358	44,180
MEDPACE HLDGS INC COM	7,146	12,261
MERCK & CO. INC COM	41,588	52,548
META PLATFORMS / FACEBOOK INC- CLASS A	147,892	286,708
MICROSOFT CORP	8,728	15,042
MICROSOFT CORP	27,943	359,870
MICROSOFT CORP	38,100	46,253
MINERALS TECHNOLOGIES INC	10,219	9,627
NETFLIX COM INC	81,685	199,621
NORFOLK SOUTHN CORP COM	10,461	9,692
NOVANTA INC COM NPV	10,455	12,631
NUCOR CORP COM USD0.40	4,592	14,445
ONEOK INC NEW COM	45,134	61,442
OXFORD INDUSTRIES INC	7,826	8,500
PATRICK INDS INC COM	6,364	7,526
PEPSICO INC	5,214	6,624
PEPSICO INC COM	39,385	41,101
PFIZER INC	4,633	3,599
PIONEER NAT RES CO	17,311	18,890
PNC FINANCIAL SERVICES GROUP COM	6,589	6,504
PPL CORP COM	7,554	7,751
PRIMORIS SVCS CORP COM	7,436	9,797
PROCTER AND GAMBLE CO COM	5,243	5,569
PROSUS N.V. SPON ADR EACH REP 0.20 ORD	108,255	90,440
QUALCOMM INC	9,406	9,256
RBC BEARINGS INC	10,548	13,960
SAFRAN SA UNSPON ADR EA REP 0.25 ORD	147,186	192,760
SEACOAST BANKING CORPORATION OF	9,071	8,396
SHELL PLC SPON ADS EA REP 2 ORD SHS	200,164	243,657
SILGAN HOLDINGS INC	10,468	10,408
SIMON PPTY GROUP INC NEW COM	41,914	46,928
SKYLINE CHAMPION CORPORATION COM	8,368	10,025
SPX CORP COM	9,191	16,162
STARBUCKS CORP COM	25,792	27,459
STARWOOD PPTY TR INC COM	26,437	26,716
STIFEL FINANCIAL CORP	10,289	10,373
SUPERNUS PHARMACEUTICALS INC	6,588	7,380
TE CONNECTIVITY LTD COM	5,574	6,182
TEREX CORP	5,952	7,757
TEXAS INSTRUMENTS INC	40,782	37,331
TEXAS ROADHOUSE INC	10,956	14,668
UFP INDUSTRIES INC COM	7,846	13,183
UNITEDHEALTH GROUP	36,839	170,576
VISA INC	49,423	63,786
WALMART INC COM	7,304	7,883
WASTE MANAGEMENT INC	5,770	8,776
WELLS FARGO & COMPANY	129,430	195,453
WILLIAMS COS INC COM	37,810	55,589
WOODWARD INC COM	70,900	84,673
ALLEGRO MICROSYSTEMS INC COM	6,718	6,962
APPFOLIO INC COM CL A	6,894	9,528
CBIZ INC	8,495	10,640
CHART INDS INC COM	6,694	6,135
DUCOMMUN INC	3,216	3,644
FIRST WATCH RESTAURANT GROUP I	1,607	1,709
INTAPP INC COM	9,077	9,315
NORTHWESTERN ENERGY GROUP INC COM NEW	10,227	8,397
TRI POINTE HOMES INC COM	5,704	5,841
UMB FINANCIAL CORP	5,485	5,431
U S PHYSICAL THERAPY COM	6,580	6,520
UTZ BRANDS INC COM CL A	4,882	4,710
VITA COCO CO INC COM	3,779	3,463
AXIS CAP HLDGS LTD SHS	4,425	4,485
WHITE MTNS INS GROUP LTD COM	7,575	7,525
ITURAN LOCATION & CONTROL ILS0.333	1,987	1,798
ACI WORLDWIDE INC	3,496	4,590
ADVANCE AUTO PARTS INC	1,909	1,709
AIR TRANSPORT SERVICES GROUP INC	7,267	5,935
ALIGHT INC COM CL A	3,009	3,378
ARGAN INC COM	2,811	3,229
ARMSTRONG WORLD INDS INC NEW COM	4,020	5,309
ASBURY AUTOMOTIVE GROUP INC	1,752	1,800
ATKORE INC COM USD0.01	6,217	6,880
BJS WHSL CLUB HLDGS INC COM	7,396	7,466
CABLE ONE INC COM	2,563	2,226
CANNAE HLDGS INC COM	4,591	4,702
COMPUTER PROGRAMS AND SYSTEMS INC	1,866	1,198
DXC TECHNOLOGY CO COM	1,164	1,281
DELEK US HLDGS INC NEW COM	2,905	2,632
EMBECTA CORP COMMON STOCK	1,883	2,063
ENVISTA HOLDINGS CORPORATION COM	1,859	2,021
EPLUS INC	5,193	6,547
EVERTEC INC USD0.01	4,715	4,954
EVOLUTION PETE CORP COM	1,751	1,116
FS KKR CAP CORP COM	2,485	2,476
FORWARD AIR CORP	1,108	1,069
GMS INC COM	1,047	1,236
GENWORTH FINANCIAL INC COM USD0.001	4,526	5,217
INGLES MARKETS INC	3,446	3,628
KELLY SERVICES INC	2,284	2,703
MDU RESOURCES GROUP INC COM USD1.00	2,068	2,138
MSC INDUSTRIAL DIRECT CO INC	2,445	2,430
MCGRATH RENTCORP	6,353	7,536
NCR VOYIX CORPORATION COM	2,487	2,350
NMI HOLDINGS INC	2,494	2,612
NCR ATLEOS CORPORATION COM SHS	1,628	1,676
NEWMARK GROUP INC CL A	750	1,217
NORTHWESTERN ENERGY GROUP INC COM NEW	3,858	3,766
NOW INC	1,307	1,324
PNM RESOURCES INC	1,858	1,789
PARK AEROSPACE CORP COM	2,406	2,587
PATTERSON COS INC COM	3,246	2,703
PERMIAN RESOURCES CORP CLASS A COM	5,017	5,100
PREMIER INC	956	984
RADIAN GROUP INC COM USD0.001	2,017	2,141
SM ENERGY CO	4,333	4,143
SP PLUS CORP	6,352	8,200
SOUTHWEST GAS HLDGS INC COM	3,028	2,977
SUMMIT MATLS INC CL A	3,043	3,231
TALEN ENERGY CORP COM	1,493	1,536
TRIMAS CORP COM NEW	2,663	2,609
TRIPADVISOR INC COM	2,774	3,940
UNIFIRST CORP	6,029	6,402
VIAD CORP COM	2,700	3,439
VONTIER CORPORATION COM	4,027	4,595
WORLD KINECT CORPORATION COM	1,019	1,071
YELP INC	3,004	3,361
EOG RESOURCES INC	3,811	4,112
LOWES COMPANIES INC COM	6,937	7,789
MONDELEZ INTL INC COM NPV	7,319	8,112
BAYER AG SPON ADR EACH REP 0.25 ORD	125,335	77,615
OCCIDENTAL PETE CORP COM	33,473	32,064
SAP ADR REP 1 ORD	116,834	135,421
TAIWAN SEMICONDUCTOR MANUFACTURING SPON	107,433	119,496
DELL TECHNOLOGIES INC CL C	42,749	63,036
MORGAN STANLEY COM NEW	36,080	40,564
WATSCO INC COM	37,211	46,274
CONSOL ENERGY INC NEW COM	28,117	28,650
MURPHY USA INC	4,371	4,992

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

SZULIK FAMILY FOUNDATION

EIN:

27-6979466

US Government Securities - End of Year Book Value:

50,696

US Government Securities - End of Year Fair Market Value:

41,686

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

23,951

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

22,237

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

SZULIK FAMILY FOUNDATION

EIN:

27-6979466

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ASSET BACKED SECURITIES	AT COST	73,595	70,041
JANUS HENDERSON GLOBAL TECH	AT COST	250,000	210,895
NATIONAL HEALTH INVESTORS INC	AT COST	5,545	5,306
PILLAR III-A, L.P.	AT COST	634,730	634,730
RYMAN HOSPITALITY PROPERTIES INC	AT COST	8,456	11,556
STAG INDUSTRIAL INC	AT COST	13,007	13,348
TFG 1717 RI AVENUE REIT, LLC	AT COST	41,169	50,000
TFG ATLAS REIT, LLC	AT COST	48,125	50,000
TFG FISHERS LANE REIT, LLC	AT COST	100,000	100,000
TFG GODDARD MEMORIAL DRIVE REIT, LLC	AT COST	45,481	50,000
TFG ONE DULLES CORRIDOR REIT, LLC	AT COST	47,445	50,000
TFG ONE FAIR OAKS REIT, LLC	AT COST	41,635	50,000
TFG PROVIDENCE CENTER REIT, LLC	AT COST	70,756	100,000
TFG STERLING DRIVE REIT,LLC	AT COST	50,000	50,000
TFG WEST CENTURY DRIVE REIT, LLC	AT COST	76,749	100,000
VECTOR CAPITAL CREDIT OPPORTUNITY FUND LP	AT COST	2,592,090	2,692,958
WP CAREY INC COM	AT COST	4,698	4,602
ISHARES RUSSELL 2000 ETF	AT COST	170,233	182,646
CORECIVIC INC COM	AT COST	4,312	6,001
GEO GROUP INC COM USD0.01 NEW	AT COST	1,966	2,459
ISHARES TR SHORT TREAS BD	AT COST	123,096	123,235
PROSHARES TR BITCOIN STRATE	AT COST	302,851	358,616
MSILF GOVERNMENT PTF INST	AT COST	31,779	31,779

- TIN:

TY 2023 OtherExpensesSchedule

Name:

SZULIK FAMILY FOUNDATION

EIN:

27-6979466

Description	Revenue and Expenses per Books	Net Investment Income
VECTOR CAPITAL CREDIT OPPORTUNITY - FROM K-1- INVESTMENT EXPENSE	37,422	37,422
PILLAR III-A - FROM K-1 -PORTFOLIO DEDUCTIONS	49,310	46,141
VECTOR CAPITAL CREDIT OPPORTUNITY - FROM K-1- OTHER LOSS	21,238	21,238
BROOKFIELD INFRASTRUCTURE PARTNERS FROM K-1- PORTFOLIO DEDUCTIONS	152	152

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

SZULIK FAMILY FOUNDATION

EIN:

27-6979466

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
CLASS ACTION PROCEEDS	5,062	5,062	5,062

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

SZULIK FAMILY FOUNDATION

EIN:

27-6979466

Category	Amount	Net Investment Income
INVESTMENT MANAGEMENT FEES - FIRST REPUBLIC	15,728	15,728
INVESTMENT MANAGEMENT FEES - EAGLE CAPITAL MANAGEMENT LLC	36,057	36,057
INVESTMENT MANAGEMENT FEES - GANNETT WELSH & KOTLER	5,246	5,246
INVESTMENT MANAGEMENT FEES - HEDGECOVEST LLC	7,289	7,289
INVESTMENT MANAGEMENT FEES - BERKSHIRE ASSET MANAGEMENT	1,646	1,646
INVESTMENT MANAGEMENT FEES - MG FINANCIAL	13,111	13,111

- TIN:

TY 2023 TaxesSchedule

Name:

SZULIK FAMILY FOUNDATION

EIN:

27-6979466

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD ON DIVIDENDS	1,365	1,365		0
FEDERAL TAXES	310	0		0