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
The Ruth & J O Stone Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

82-3471315

B Telephone number (see instructions)

(800) 839-1754

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

$43,625,237J 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)	4,525,679
2	Check .............
3	Interest on savings and temporary cash investments	27,573		27,573
4	Dividends and interest from securities...	1,028,631		1,028,631
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-76,972
b	Gross sales price for all assets on line 6a 16,419,698
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	125,546	125,546
12	Total. Add lines 1 through 11........	5,630,457		1,181,750
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	260,613	260,613
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	18,637	8,337
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	66,428	4,070	62,358
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	345,678		273,020	62,358
25	Contributions, gifts, grants paid.......	2,827,431			2,827,431
26	Total expenses and disbursements. Add lines 24 and 25	3,173,109		273,020	2,889,789
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,457,348
b	Net investment income (if negative, enter -0-)			908,730
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.........	3,472,912	1,358,842	1,358,842
	3	Accounts receivable 133,931
		Less: allowance for doubtful accounts	6,184	133,931	133,931
	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)	5,770,210	List of Attached Documents: // Content 4,499,396	4,027,874
	b	Investments—corporate stock (attach schedule).......	27,443,389	List of Attached Documents: // Content 33,052,115	34,398,410
	c	Investments—corporate bonds (attach schedule).......	3,600,764	List of Attached Documents: // Content 3,706,523	3,706,180
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	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)	40,293,459	42,750,807	43,625,237
	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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	40,293,459	42,750,807
	29	Total net assets or fund balances (see instructions).....	40,293,459	42,750,807
	30	Total liabilities and net assets/fund balances (see instructions).	40,293,459	42,750,807

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

40,293,459

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

2,457,348

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

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

42,750,807

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 .

42,750,807

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b	Passthrough K1 Capital Gain/(Loss)
c	RUTH PAYNE STONE REVOCABLE TRUST	P	2019-04-08	2023-12-30
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	16,292,240	16,303,118	-10,878
b			22,460
c	127,458	145,821	-18,363
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			-10,878
b
c			-18,363
d
e

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	-6,781
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	12,631
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	12,631
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	12,631
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	9,789
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	22,900
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	32,689
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	35
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	20,023
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax12,700	Refunded	11	7,323

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

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

55 WALLS DRIVE FL 3FairfieldCT ZIP+4 right arrow

06824

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
Linda R Chamberlain	Sec, Treas, Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Sec, Treas, Dir 1.0	0	0	0
H Jason Hall	Dir, VP 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, VP 1.0	0	0	0
Timothy K Mariani	Dir, Pres 5.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 5.0	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










Total number of other employees paid over $50,000...................

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
Wells Fargo	Investment Mgmt	260,613
4030 W BOY SCOUT BLVD STE 150 TAMPA,FL33607	Investment Mgmt	260,613
Foundation Source	Administrative	62,213
55 Walls Drive 3rd Fl Fairfield,CT06824	Administrative	62,213

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


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

36,645,298

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

1,810,611

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

127,458

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

38,583,367

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

38,583,367

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

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

578,751

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

38,004,616

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

1,900,231

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

1,900,231

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

12,631

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

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

12,631

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

1,887,600

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

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

1,887,600

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

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

1,887,600

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 ..........

2,889,789

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. .......

2,889,789

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7				1,887,600
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			464,079
b Total for prior years:2021, 2020, 2019
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 ........
4Qualifying distributions for 2023 from Part
XI, line 4: $ 2,889,789
a Applied to 2022, but not more than line 2a			464,079
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2023 distributable amount.....				1,887,600
e Remaining amount distributed out of corpus		538,110
5 Excess distributions carryover applied to 2023.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		538,110
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........				0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		538,110
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....	538,110

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).)

NONE

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
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI 14010 ROOSEVELT BLVD STE 709 CLEARWATER,FL33762	N/A	PC	Charitable Event	25,000
CHARITY WORKS INC 1346 S FORT HARRISON AVE STE 101 CLEARWATER,FL33756	N/A	PC	Charitable Event	5,000
Created Women PO BOX 5717 TAMPA,FL33675	N/A	PC	to purchase of toiletries, personal supplies, and other goods, facilitated via Charity Works a 501(c)(3) organization	25,000
CHARITY WORKS INC 1346 S FORT HARRISON AVE STE 101 CLEARWATER,FL33756	N/A	PC	Charitable Event	5,000
CLAY CENTER FOR THE ARTS & SCIENCES OF WEST VIRGIN 1 CLAY SQ CHARLESTON,WV25301	N/A	PC	Charitable Event	20,000
CLEARWATER FREE CLINIC INC 1218 COURT ST CLEARWATER,FL33756	N/A	PC	Charitable Event	25,000
CLEARWATER FREE CLINIC INC 1218 COURT ST CLEARWATER,FL33756	N/A	PC	Acquisition fund	1,350,000
CLEARWATER FREE CLINIC INC 1218 COURT ST CLEARWATER,FL33756	N/A	PC	Charitable Event	5,000
CLEARWATER HISTORICAL SOCIETY INC PO BOX 175 CLEARWATER,FL33757	N/A	PC	Charitable Event	5,000
COMMUNITY DENTAL CLINIC INC 1008 WOODLAWN ST CLEARWATER,FL33756	N/A	PC	Charitable Event	5,000
COMMUNITY DENTAL CLINIC INC 1008 WOODLAWN ST CLEARWATER,FL33756	N/A	PC	Endowment fund	334,000
COMMUNITY DENTAL CLINIC INC 1008 WOODLAWN ST CLEARWATER,FL33756	N/A	PC	Endowment fund	697,431
DUNEDIN FINE ARTS CULTURAL CENTER INC 1143 MICHIGAN BLVD DUNEDIN,FL34698	N/A	PC	George Ann Bissett Scholarship Endowment Fund	100,000
DUNEDIN FINE ARTS CULTURAL CENTER INC 1143 MICHIGAN BLVD DUNEDIN,FL34698	N/A	PC	General & Unrestricted	30,000
DUNEDIN FINE ARTS CULTURAL CENTER INC 1143 MICHIGAN BLVD DUNEDIN,FL34698	N/A	PC	Charitable Event	1,000
FLORIDA ORCHESTRA INC 244 2ND AVE N STE 420 ST PETERSBURG,FL33701	N/A	PC	Charitable Event	50,000
HOPE VILLAGES OF AMERICA INC 503 S MARTIN LUTHER KING JR AVE CLEARWATER,FL33756	N/A	PC	Charitable Event	10,000
PINELLAS COUNTY EDUCATION FOUNDATION INC 12090 STARKEY RD LARGO,FL33773	N/A	PC	General & Unrestricted	10,000
RUTH ECKERD HALL INC 1111 N MCMULLEN BOOTH RD CLEARWATER,FL33759	N/A	PC	Charitable Event	5,000
THE ARC TAMPA BAY FOUNDATION INC 1501 N BELCHER RD STE 244 CLEARWATER,FL33765	N/A	PC	Charitable Event	20,000
YOUNG MENS CHRISTIAN ASSOCIATION OF THE SUNCOAST I 2469 ENTERPRISE RD CLEARWATER,FL33763	N/A	PC	Float Program	100,000
Total ................................. 3a				2,827,431

bApproved for future payment

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

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 ...........			14	27,573
4 Dividends and interest from securities ....			14	1,028,631
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	-76,972
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss			14	125,546
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				1,104,778

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

1,104,778

(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:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Name of the organization

The Ruth & J O Stone Foundation

Employer identification number

82-3471315

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2023)

Schedule B (Form 990) (2023) Page 2

Name of organization The Ruth & J O Stone Foundation

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Ruth P Stone Revocable Trust 1550 So Highland Ave Ste B Clearwater, FL33756	$ 4,525,679	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)

Schedule B (Form 990) (2023)

Page 3

Name of organization The Ruth & J O Stone Foundation		Employer identification number 82-3471315

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	MCDONALD'S CORP MCD, 500 sh.	$ 142,413	2023-08-25
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	FORD MOTOR COMPANY F, 5000 sh.	$ 58,925	2023-08-25
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	CISCO SYSTEMS INC CSCO, 2000 sh.	$ 111,120	2023-08-25
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	AT&T, INC T, 2000 sh.	$ 34,300	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	ALTRIA GROUP INC MO, 1200 sh.	$ 51,012	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	CHEVRON CORP CVX, 867 sh.	$ 124,718	2023-12-05
Schedule B (Form 990) (2023)

Name of organization The Ruth & J O Stone Foundation		Employer identification number 82-3471315
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	KIMBERLY CLARK CORP KMB, 400 sh.	$ 49,089	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	LOCKHEED MARTIN CORP LMT, 81 sh.	$ 36,310	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	MFS VALUE I MEIIX, 611.886 sh.	$ 29,842	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	WARNER BROS. DISCOVERY, INC WBD, 483 sh.	$ 5,334	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	MICROSOFT CORP MSFT, 500 sh.	$ 184,674	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	CHS INC - PFD CLASS B CHSCL, 1500 sh.	$ 39,218	2023-12-05
Schedule B (Form 990) (2023)

Name of organization The Ruth & J O Stone Foundation		Employer identification number 82-3471315
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	FRANKLIN INCOME FUND CL A FKIQX, 100.471 sh.	$ 225	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	FRANKLIN UTILITIES FUND FKUTX, 5895.418 sh.	$ 116,788	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	GE HEALTHCARE TECHNOLOGIES INC GEHC, 125 sh.	$ 8,548	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	GENERAL ELECTRIC CO GE, 375 sh.	$ 45,219	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	INTERNATIONAL BUSINESS MACHINES IBM, 334 sh.	$ 53,973	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	JOHNSON & JOHNSON JNJ, 542 sh.	$ 86,137	2023-12-05
Schedule B (Form 990) (2023)

Name of organization The Ruth & J O Stone Foundation		Employer identification number 82-3471315
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	CISCO SYSTEMS INC CSCO, 1000 sh.	$ 47,775	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	COCA COLA EUROPEAN PARTNERS PLC CCEP, 1168 sh.	$ 72,083	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	DORCHESTER MINERALS, L.P DMLP, 120 sh.	$ 3,595	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	ENBRIDGE INC ENB, 2173 sh.	$ 76,386	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	EXXON MOBIL CORP XOM, 1086 sh.	$ 110,028	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	FRANKLIN INCOME FUND CL A FKIQX, 21529.544 sh.	$ 48,226	2023-12-05
Schedule B (Form 990) (2023)

Name of organization The Ruth & J O Stone Foundation		Employer identification number 82-3471315
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	PEPSICO INC PEP, 500 sh.	$ 84,321	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	TORONTO DOMINION TD, 1070 sh.	$ 64,714	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	VANGUARD VALUE ETF VTV, 636 sh.	$ 91,498	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	VANGUARD GROWTH ETF VUG, 215 sh.	$ 63,914	2023-12-05
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	FORD MOTOR CREDIT CO MED TERM NOTE - 4. 34540TYW6, 100000 sh.	$ 94,387	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	FORD MOTOR CREDIT MEDIUM TERM NOTE - 7. 34540TF49, 100000 sh.	$ 98,499	2023-12-11
Schedule B (Form 990) (2023)

Name of organization The Ruth & J O Stone Foundation		Employer identification number 82-3471315
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	SOUTHWEST AIRLS CO - 5.125% - 06/15/202 844741BK3, 150000 sh.	$ 148,717	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	CONAGRA BRANDS SR - 5.300% - 10/01/2026 205887CJ9, 100000 sh.	$ 99,829	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	DELTA AIR LINES INC - 2.900% - 10/28/20 247361ZU5, 100000 sh.	$ 97,055	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	ENERGY TRANSFER PARTNERS DTD - 4.050% - 29273RBD0, 100000 sh.	$ 97,877	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	GENERAL MOT FIN CO INC NOTE M/W CLBL 3. 37045XDU7, 100000 sh.	$ 97,199	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	ONEOK INC NEW NT - 2.750% - 09/01/2024 682680AX1, 45000 sh.	$ 43,992	2023-12-11
Schedule B (Form 990) (2023)

Name of organization The Ruth & J O Stone Foundation		Employer identification number 82-3471315
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	RYDER - 3.650% - 03/18/2024 78355HKL2, 100000 sh.	$ 99,375	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	SUNOCO LOGISTICS PARTNERS - 4.250% - 04 86765BAN9, 100000 sh.	$ 106,426	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	EDISON INTL NOTE - 4.950% - 04/15/2025 281020AR8, 100000 sh.	$ 98,653	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	ENERGY TRANSFER PERP JR GLBL SER B - 6. 29273VAJ9, 100000 sh.	$ 81,720	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	FEDL NATL MTG ASSN MTG - 5.500% - 12/25 31392FYC5, 2384.98 sh.	$ 2,375	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	GOVT NATL MTG ASSN SER - 5.250% - 03/20 38374DB40, 13235.4 sh.	$ 13,126	2023-12-11
Schedule B (Form 990) (2023)

Name of organization The Ruth & J O Stone Foundation		Employer identification number 82-3471315
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	WELLS FARGO & CO FIXED FLOAT SR - 1.430 94986RYJ4, 100000 sh.	$ 95,747	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	CITIGROUP INC MTN - 3.875% - 03/26/2025 172967JL6, 100000 sh.	$ 97,465	2023-12-11
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2023)

Schedule B (Form 990) (2023)

Page 4


Name of organization The Ruth & J O Stone Foundation			Employer identification number 82-3471315
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2023)

Additional Data

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TY 2023 DepreciationSchedule

Name:

The Ruth & J O Stone Foundation

EIN:

82-3471315

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

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TY 2023 InvestmentsCorpBondsSchedule

Name:

The Ruth & J O Stone Foundation

EIN:

82-3471315

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS CO NOTE - 4.9	199,587	200,545
BOEING CO - 4.875% - 05/01/202	98,866	99,508
CITIGROUP INC - 5.500% - 09/13	200,467	200,953
CITIGROUP INC MTN - 3.875% - 0	97,465	98,143
CONAGRA BRANDS SR - 5.300% - 1	99,829	101,232
DCP MIDSTREAM OPERATING PL - 5	224,591	225,127
DELTA AIR LINES INC - 2.900% -	97,055	97,336
DUKE ENERGY CORP NOTE - 5.000%	199,369	200,401
EDISON INTL NOTE - 4.950% - 04	98,653	99,314
ENERGY TRANSFER OPERATING LP -	99,233	99,626
ENERGY TRANSFER PARTNERS DTD -	97,877	98,386
ENERGY TRANSFER PERP JR GLBL S	81,720	83,498
FEDL NATL MTG ASSN MTG - 5.500	2,375	2,412
FORD MOTOR CREDIT CO MED TERM	94,387	96,576
FORD MOTOR CREDIT MEDIUM TERM	98,499	99,781
GENERAL MOT FIN CO INC NOTE M/	97,199	97,906
GENERAL MTRS FINL COINC NOTE -	145,992	147,084
GEORGIA PWR CO - 2.200% - 09/1	96,316	97,467
GOVT NATL MTG ASSN SER - 5.250	13,126	13,253
MORGAN STANLEY - 3.875% - 04/2	247,254	248,610
NEXTERA ENERGY CAP HLDGS INC B	99,174	99,868
ONEOK INC NEW NT - 2.750% - 09	43,992	44,103
PHILIP MORRIS INTL INC NOTE -	100,908	99,856
RYDER - 3.650% - 03/18/2024	99,375	99,514
RYDER - 4.625% - 06/01/2025	99,239	99,224
SOUTHERN CO SER 2022A NOTE - 5	99,932	100,230
SOUTHWEST AIRLS CO - 5.125% -	148,717	150,751
SUNOCO LOGISTICS PARTNERS - 4.	106,426	99,618
UNIFORM MBS POOL #FM3098 - 3.5	2,393	2,201
UNIFORM MBS POOL #MA4084 4.000	14,150	12,653
UNIFORM MBS POOL #MA4528 - 4.0	31,155	29,308
UNIFORM MBS POOL #SD8004 3.000	19,434	16,651
UNIFORM MBS POOL #SD8086 4.000	23,930	21,428
UNIFORM MBS POOL - 3.000% - 02	33,226	28,512
VERISIGN INC NOTE - 5.250% - 0	99,857	100,026
WELLS FARGO & CO FIXED FLOAT S	95,748	96,188
WILLIAMS COS - 4.550% - 06/24/	199,007	198,891

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TY 2023 InvestmentsCorpStockSchedule

Name:

The Ruth & J O Stone Foundation

EIN:

82-3471315

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABB LTD	1,953	22,770
ABBOTT LABS	147,263	140,009
ABBVIE INC	41,178	43,547
ACCENTURE PLC	187,848	211,248
ACUSHNET HOLDINGS CORP	19,194	28,553
ADIDAS AG	6,839	7,217
ADOBE SYSTEMS, INC	48,546	65,029
AFLAC INC	136,909	157,575
AGCO CP	8,329	8,742
AGREE REALTY CORP	23,614	21,781
AIA GROUP LTD ADR	20,592	16,538
AIR PRODS & CHEM INC	94,726	95,282
AIRBUS GROUP	26,019	34,597
ALBANY INTERNATIONAL CORP	12,651	15,617
ALCON INC	46,700	52,965
ALLIANT CORP	16,481	15,903
ALLIANZ FIXED INCOME SHARES SE	2,456,543	2,084,351
ALLIANZ FIXED INCOMESHARES SER	2,485,932	2,085,815
AMADEUS IT HLDS SA	13,377	16,362
AMAZON COM	203,194	213,932
AMDOCS LIMITED	21,411	24,258
AMERICA MOVIL SA	4,490	4,500
AMERICAN TOWER REIT INC	74,907	63,900
AMGEN INC	119,750	150,346
ANALOG DEVICES INC	162,437	193,993
ANHEUSER BUSCH COS INC	9,665	9,693
APPLE INC	609,344	604,352
APTIV PLC	31,589	25,929
ASML HOLDING NV NY REG SHS	67,485	90,073
ASSA ABLOY UNSP/ADR	3,885	4,487
ASSURED GUARANTY LTD	12,762	24,694
ASTRAZENECA	41,916	46,000
ATLASSIAN CORP CL A	31,305	34,728
AUTOMATIC DATA PROCESSING INC	147,084	145,140
AVERY DENNISON CORP	19,625	21,631
AXA ADS	27,039	30,887
B&M EUROPEAN VALUE RETAIL SA A	4,450	4,147
BANK OZK	20,758	29,400
BECTON DICKINSON & CO	105,949	106,310
BEIGENE LTD	5,609	4,689
BHP BILLITON LIMITED	4,265	4,987
BLACKROCK INC	136,986	138,818
BP PLC SPONSORED ADR	10,117	9,700
BRITISH AMERICAN TOBACCO PLC	16,817	12,800
BRUNSWICK CORP	25,725	29,993
CABLE ONE INC	20,447	10,575
CALRSBERG AS SP ADR REP B	13,149	11,136
CAMDEN PPTY TR	16,126	11,518
CANADIAN NATL RAILWAY CO	8,272	9,422
CAP GEMINI SA UNSP/ADR	9,609	10,923
CATHAY GENERAL BANCORP	14,052	17,561
CHEVRON CORP	185,932	187,942
CHUBB LIMITED	141,445	147,126
CISCO SYSTEMS INC	129,769	128,877
CME GROUP, INC	31,522	34,328
COCA COLA EUROPEAN PARTNERS PL	28,574	30,901
COLGATE-PALMOLIVE COMPANY	58,221	58,587
COMCAST CORP	151,982	134,313
COMFORT SYSTEMS USA INC	4,204	11,929
COMPAGNIE FINANCIERE RICHEMONT	2,792	3,182
CONMED CORPORATION	20,627	18,836
COSTCO WHOLESALE CORPORATION	79,894	109,573
COTERRA ENERGY INC	5,113	5,283
COUSINS PROPERTIES INC	16,609	15,608
CRANE CO	5,874	10,042
CRANE NXT ORD SHS	3,035	4,834
CULLEN FROST BANKERS INC	22,812	22,132
DAIICHI SANKYO CO LTD SPONSORE	8,734	8,178
DAIKIN INDS LTD ADR	9,721	8,408
DASSAULT SYS SA SPN ADR	4,704	5,686
DBS GROUP HLDGS SPON ADR	10,856	12,759
DENTSPLY SIRONA INC	15,859	15,909
DEUTSCHE BOERSE ADR	26,969	31,721
DEUTSCHE POST AG	14,172	17,045
DEUTSCHE TELE AG ADS	23,423	26,857
DIAMONDBACK ENERGY INC	18,417	23,572
DNB BANK ASA	8,397	9,321
DONALDSON CO. INC	10,092	11,044
DSV UNSP ADR EACH REPR 0.5 ORD	6,355	6,410
DUKE ENERGY CO	19,574	19,020
EAST WEST BANCORP, INC	26,213	31,442
EASTGROUP PROPERTIES INC	20,399	23,310
EATON CORP PLC	40,540	62,372
ELI LILLY & CO	17,358	32,061
EMERSON ELECTRIC CO	82,738	88,278
ENERGIZER HOLDINGS INC	7,554	5,924
ENGIE	10,135	12,732
EOG RESOURCES INC	18,850	20,924
EPIROC AB	13,854	14,025
EQUINIX, INC	41,981	47,518
ESSENTIAL PROPERTIES REALTY TR	15,197	15,694
ESSILOR INTL ADR	14,555	18,088
ESTEE LAUDER COMPANIES INC	56,460	42,851
EVERSOURCE ENERGYINC	75,446	55,733
F&G ANNUITIES & LIFE INC	703	1,656
FEDERAL AGRICULTURAL MORTGAGE	12,578	22,564
FIDELITY NATIONAL FINANCIAL IN	22,772	27,551
FOUR CORNERS PROPERTY TRUST IN	12,590	11,739
FUJITSU LTD ADR OTC	7,821	7,868
FULLER H B CO	9,963	12,130
GEN DYNAMICS CP	120,370	126,719
GENMAB A/S SPON	13,797	12,768
GENUINE PARTS COMPANY	13,668	13,573
GIVAUDAN SA UNSP/ADR	13,335	13,459
GOLDMAN SACHS GROUP	19,096	19,674
GRAINGER W W INC	108,979	163,252
GROUPE DANONE ADS	6,598	7,239
HAMILTON LANE INC	12,531	19,625
HASBRO INC	23,872	13,327
HDFC BANK LTD ADR	12,521	12,818
HERMES INTL 10 ADR	6,170	10,417
HF SINCLAIR CORPORATION	12,802	17,004
HITACHI LTD	6,364	7,229
HONG KONG EX&CL UNSP/ADR	1,942	1,370
HUBBELL INCORPORATED	10,732	19,078
HUNTINGTON INGALLS INDUSTRIES	6,791	8,828
HUNTSMAN CORP	13,261	12,389
IBERDROLA ADR	6,310	7,140
IDACORP INC HLDG CO	15,842	14,650
ILLINOIS TOOL WORKS	132,852	158,998
IMPERIAL BRANDS PL	7,054	6,807
INDUSTRIA DE DISENO	8,072	14,951
INGREDION INC	15,872	20,295
INT'L FLAVORS & FRAGRANCES INC	31,620	24,129
INTEL CORP	29,208	32,813
INTERCONTINENTAL EXCHANGE, INC	13,259	15,540
INTERPUBLIC GROUP OF COS	16,218	15,080
INTUIT	28,155	41,252
INTUITIVE SURGICAL	53,100	60,387
INVESCO BALANCED-RISK COMMODIT	1,251,985	1,127,227
INVESCO OPPENHEIMER DEVELOPING	818,956	792,658
INVESCO QQQ TRUST	2,109,134	2,391,596
ISHARES MSCI USA QUALITY FACTO	1,443,547	1,573,514
ITOCHU CORP ADR OTC	9,018	9,366
JEFFERIES GROUP INC	12,189	13,820
JOHNSON & JOHNSON	183,649	176,803
JP MORGAN CHASE	185,948	203,610
KERING UNSPON ADR EA REPR 0.1	15,917	12,520
KEURIG DR PEPPER INC	24,642	23,257
KEYENCE CORPORATION,FIRST SECT	14,880	14,388
KINSALE CAPITAL GROUP INC	4,391	6,363
KON KPN NV SPON ADR REP 1 ORD	7,772	7,586
KROGER CO	25,121	24,912
L'AIR LIQUIDE ADR OTC	8,092	10,594
L'OREAL ADR	11,345	15,707
L3HARRIS TECHNOLOGIES	115,353	113,103
LCI INDUSTRIES	22,475	22,879
LEIDOS HOLDINGS INC	17,501	19,916
LINCOLN ELECTRIC HOLDING INC	13,978	23,486
LINDE PLC COM	120,579	170,034
LITTELFUSE, INC	18,001	19,799
LOCKHEED MARTIN CORP	43,719	44,871
LONDON STK EXCHANGE GROUP	21,230	22,661
LONZA GROUP AG UNSP/ADR	9,472	6,608
LOWES COMPANIES INC	239,622	259,493
LVMH MOET HENN UNSP	29,748	32,490
M.D.C. HLDGS	16,093	25,802
MARSH AND MCLENNAN COMPANIES I	40,506	46,231
MARUBENI CORP ADR CNV INTO 10	9,088	7,681
MCDONALD'S CORP	83,902	102,889
MEDTRONIC PLC	135,714	97,620
MERCADOLIBRE, INC	8,873	12,572
MERCK & CO INC	29,129	40,883
META PLATFORMS INC	97,464	140,522
MICROSOFT CORP	651,036	814,503
MKS INSTRUMENTS, INC	31,180	27,569
MONDELEZ INTERNATIONAL INC	12,044	14,414
MONOLITHIC POWER SYSTEMS, INC	12,437	17,662
MONSTER BEVERAGE CORP	45,167	57,380
MORNINGSTAR, INC	6,399	7,728
MSA SAFETY INCORPORATED	16,585	20,260
MTU AERO ENGINES	5,752	6,368
NESTLE S.A	47,492	45,789
NETEASE.COM INC COM STK	4,266	3,726
NETFLIX INC	74,487	102,732
NEXTERA ENERGY, INC	225,655	179,487
NICE SYSTEMS LTD	3,664	3,392
NIDEC CORPORATION ADR	6,635	2,996
NIKE INC-CL B	197,743	163,941
NIPPON TELEGRAPH & TELEPHONE C	10,006	10,358
NISOURCE INC	16,539	16,249
NOKIA	5,110	3,160
NOMURA RESEARCH INST LTD	7,555	8,166
NORDEA BANK ABP	14,293	14,843
NORDSON CP	18,997	22,454
NORFOLK SOUTHERN CORP	138,662	127,172
NOTORI HOLDINGS	8,327	6,386
NOVARTIS AG ADR	18,746	23,829
NOVO NORDISK A S	19,188	34,966
NVENT ELECTRIC PLC	10,619	22,218
NVIDIA CORP	58,175	181,746
ORGANON & CO	15,082	8,695
ORIX CORP ADS	17,484	17,744
PACKAGING CORP AMER	15,919	18,898
PALO ALTO NETWORKS INC	43,752	81,977
PAPA JOHNS INTL INC	12,200	11,282
PAYCHEX	112,996	123,994
PAYPAL HOLDINGS, INC	77,150	33,837
PEPSICO INC	128,095	129,078
PHILIP MORRIS INTL	30,666	29,071
PHILLIPS 66	138,447	175,612
PPG INDUSTRIES INC	56,799	56,530
PRINCIPAL REAL ESTATE FUND INS	1,255,683	1,204,675
PROCTER GAMBLE CO	117,491	119,723
PUBLIC SVC ENTERPRISE GROUP IN	13,695	13,453
QUALCOMM INC	20,763	21,695
QUEST DIAGNOSTICS	5,557	5,791
RAYMOND JAMES FINANCIAL INC	17,385	19,290
RAYTHEON TECHNOLOGIES CORP	35,743	32,478
RECKITT BENCKISER GROUP	8,794	7,557
RECRUIT HOLDINGS CO	9,145	8,759
REGIONS FINANCIAL CORP	13,397	12,539
RELX PLC	6,046	8,210
ROCHE HOLDING LTD ADR	13,132	11,376
RPM INTERNATIONAL INC	31,165	43,647
S&P GLOBAL INC COM	149,809	177,970
SAFRAN SA - UNSPON ADR	17,734	25,375
SALESFORCE.COM	55,868	67,627
SANOFI-AVENTIS SPONSORED ADR	18,239	17,654
SAP AKTIENGESELL ADS	44,373	58,744
SCHNEIDER ELEC UNSP/ADR	11,969	14,483
SELECT MEDICAL	15,597	14,758
SERVISFIRST BANCSHARES INC	17,251	16,857
SEVEN & I HOLDINGS C	20,806	19,523
SHERWIN-WILLIAMS CO	45,565	57,702
SHIN-ETSU CHEMICAL C	11,078	15,591
SHOPIFY INC	1,970	5,297
SIEMENS AG	11,687	16,182
SIKA AG BEARER SHS	13,237	16,119
SMC CORP	14,009	13,435
SMITH & NEPHEW PLC ADR	12,897	10,121
SNAP ON INC	15,607	21,085
SPLUNK INC	14,781	23,614
STERIS PLC	19,705	21,325
STMICROELECTRONICS	12,111	14,688
STRAUMANN HLDG	7,580	10,371
STRYKER CORPORATION	35,095	47,015
SUMITOMO MITSUI FINCL GRP	18,606	25,623
TAIWAN SEMICONDUCTOR MFG CO LT	17,224	17,472
TARGA RESOURCES CORP	9,636	18,677
TARGET CORPORATION	175,893	140,426
TC ENERGY CORPORATION	24,789	22,203
TDK CORP	7,389	9,133
TENCENT HOLDINGS LIMITED	13,390	7,709
TERRENO RLTY CORPCOM	19,406	17,234
TERUMO CORP	4,764	4,110
TESLA MOTORS INC	12,512	20,872
TFI INTERNATIONAL	7,976	13,326
THERMO FISHER SCIENTIFIC INC	68,285	78,557
TIMKEN CO COM	15,325	17,954
TJX COMPANIES INC	21,451	27,955
TOKYO ELECTRON LTD	21,508	25,142
TOTALENERGIES SE	40,522	49,996
UBER	23,644	53,012
UNICHARM CORP - SPN ADR	5,528	4,841
UNILEVER PLC AMER	25,925	24,192
UNION PACIFIC	52,809	58,212
UNITED OVRSEAS BK LTD ADR	14,785	14,109
UNITED PARCEL SERVICE	38,675	36,477
UNITEDHEALTH GROUP INC	302,177	309,564
VANGUARD MID-CAP ETF	2,422,479	2,570,671
VANGUARD S&P 500 ETF	2,466,708	3,083,807
VEOLIA ENVIRONN ADS	16,621	16,950
VINCI SA ADR	19,046	24,444
VISA INC	108,475	134,601
WAL-MART STORES INC	53,352	59,592
WD-40 COMPANY	6,033	8,128
WEC ENERGY GROUP, INC	94,674	84,759
WFA CORE BOND FD INST	5,038,619	5,035,899
WILLIAMS COS	22,285	27,725
WILLIAMS SONOMA INC	19,546	30,671
WORKDAY INC	39,975	50,519
ZOETIS INC	44,048	50,329

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TY 2023 InvestmentsGovtObligationsSch

Name:

The Ruth & J O Stone Foundation

EIN:

82-3471315

US Government Securities - End of Year Book Value:

4,499,396

US Government Securities - End of Year Fair Market Value:

4,027,874

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

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

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TY 2023 OtherExpensesSchedule

Name:

The Ruth & J O Stone Foundation

EIN:

82-3471315

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	62,213		62,213
Bank Charges	1,885	1,885
K-1 Exp RUTH PAYNE STONE REVOC	2,185	2,185
Postage/Delivery Service	120		120
State or Local Filing Fees	25		25

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TY 2023 OtherIncomeSchedule2

Name:

The Ruth & J O Stone Foundation

EIN:

82-3471315

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
K-1 Inc/Loss RUTH PAYNE STONE REVOCABLE TRUST	125,546	125,546

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

The Ruth & J O Stone Foundation

EIN:

82-3471315

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	260,613	260,613

- TIN:

TY 2023 TaxesSchedule

Name:

The Ruth & J O Stone Foundation

EIN:

82-3471315

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2023	7,500
990-PF Extension for 2022	2,800
Foreign Tax Paid	8,337	8,337