Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
Charles R Wood 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

22-2237193
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$48,053,023J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 15,550
2 Check right arrow.............
3 Interest on savings and temporary cash investments 180,172 180,172  
4 Dividends and interest from securities... 925,598 925,598  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,298,978
b Gross sales price for all assets on line 6a 40,002,509
7 Capital gain net income (from Part IV, line 2)... 5,433,687
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
23,570 17,525  
12 Total. Add lines 1 through 11........ 6,443,868 6,556,982  
Operating and Administrative Expenses 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)....... Click to see attachment
List of Attached Documents:
// Content
500 0 0 500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
115,469 115,075   394
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
77,618 1,918    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
65,295    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,087 963   5,124
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
198,375 66,388   116,460
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 463,344 184,344 0 122,478
25 Contributions, gifts, grants paid....... 2,196,471 2,196,471
26 Total expenses and disbursements. Add lines 24 and 25 2,659,815 184,344 0 2,318,949
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,784,053
b Net investment income (if negative, enter -0-) 6,372,638
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 373,122 1,726,266 1,726,266
3 Accounts receivable right arrow2,849,454
Less: allowance for doubtful accounts right arrow   2,387 2,849,454 2,849,454
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 4,233,599 Click to see attachment
List of Attached Documents:
// Content
200,036 		195,400
b Investments—corporate stock (attach schedule)....... 27,322,386 Click to see attachment
List of Attached Documents:
// Content
35,035,260 		40,469,379
c Investments—corporate bonds (attach schedule)....... 2,691,560 Click to see attachment
List of Attached Documents:
// Content
729,884 		714,661
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,369,676 Click to see attachment
List of Attached Documents:
// Content
1,301,178 		1,997,863
14 Land, buildings, and equipment: basis right arrow3,270,276
Less: accumulated depreciation (attach schedule) right arrow2,337,832 997,739 Click to see attachment
List of Attached Documents:
// Content
932,444 		100,000
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 38,990,469 42,774,522 48,053,023
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 38,990,469 42,774,522
29 Total net assets or fund balances (see instructions)..... 38,990,469 42,774,522
30 Total liabilities and net assets/fund balances (see instructions). 38,990,469 42,774,522
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
38,990,469
2
Enter amount from Part I, line 27a .....................
2
3,784,053
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
42,774,522
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
42,774,522
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c FIFTH AVENUE MULTI-STRATEGY OFFSHORE FUND LTD P 2016-07-01 2023-12-31
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 37,153,055   32,382,444 4,770,611
b       63,622
c 2,849,454   2,250,000 599,454
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       4,770,611
b        
c       599,454
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 5,433,687
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 88,580
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 88,580
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 88,580
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 72,933
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,200
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 83,133
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 5,447
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow55 WALLS DRIVE FL 3FairfieldCT ZIP+4right arrow06824
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Mark Behan Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Tenee Casaccio Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Reeves Courtney Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Chelsea Hoopes Silver Trustee, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jennifer Lefner Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Linda G Toohey Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Barbara W Wages Pres, Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
C Braden Wages Trustee, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Page Wages Trustee, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Heather Ward Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Charlene Wood Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Bessemer Trust Investment Mgmt 51,376
2 INTERNATIONAL PLACE 22ND FL
BOSTON,MA02110
Foundation Source Administrative 101,318
55 Walls Drive 3rd Fl
Fairfield,CT06824
Glens Falls National Investment Mgmt 63,699
250 GLEN STREET PO BOX 2161
GLEN FALLS,NY12801
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)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
37,616,476
b
Average of monthly cash balances.......................
1b
2,885,386
c
Fair market value of all other assets (see instructions)................
1c
4,829,236
d
Total (add lines 1a, b, and c).........................
1d
45,331,098
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
45,331,098
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
679,966
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
44,651,132
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,232,557
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,232,557
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
88,580
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
80
c
Add lines 2a and 2b............................
2c
88,660
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,143,897
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,143,897
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,143,897
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,318,949
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,318,949
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,143,897
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 2,246,934
b Total for prior years:20 , 20, 20  
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: right arrow$ 2,318,949
a Applied to 2022, but not more than line 2a 2,246,934
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..... 72,015
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		2,071,882
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 ...... 		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.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
FOUNDATION SOURCE
55 WALLS DRIVE 3RD FL
FAIRFIELD,CT06824
PREMIERSUPPORT@FOUNDATIONSOURCE.COM
bThe form in which applications should be submitted and information and materials they should include:
WWW.CHARLESRWOODFOUNDATION.COM
cAny submission deadlines:
WWW.CHARLESRWOODFOUNDATION.COM
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
WWW.CHARLESRWOODFOUNDATION.COM
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ADIRONDACK CAROUSEL INC

PO BOX 1059
SARANAC LAKE,NY12983 		N/A PC Point of Sale System/Installation & Training 1,700

ADIRONDACK COMMUNITY COLLEGE FOUNDATION INC

640 BAY RD
QUEENSBURY,NY12804 		N/A PC Community Health and Wellness at SUNY Adirondack 85,000

ADIRONDACK FOUNDATION

PO BOX 288
LAKE PLACID,NY12946 		N/A PC SUN Fund - Central Adirondack flooding 25,000

ADIRONDACK LAKES CENTER FOR THE ARTS

3446 STATE RTE 28
BLUE MTN LAKE,NY12812 		N/A PC Connecting Adirondack Communities: The Adirondack Lakes Theater Festival 2,500

ADIRONDACK MEDICAL CENTER FOUNDATION

2233 STATE RTE 86 PO BOX 120
SARANAC LAKE,NY12983 		N/A SO I Cornerstone Campaign 20,000

AIM SERVICES INC

4227 RTE 50
SARATOGA SPGS,NY12866 		N/A PC Enhanced Respite Program for School-Aged Youth with disabilities 5,000

AMORAK YOUTH HOME INC

PO BOX 661
HUDSON FALLS,NY12839 		N/A PC Amorak Music and the Nature & Science Programs 2,000

APPLEBY FOUNDATION INC

PO BOX 984
AU SABLE FORKS,NY12912 		N/A PC ADA-compliant Entryway - Key part of renovation of Tahawus Center Basement MakerSpace 10,000

ARTISTRY COMMUNITY THEATRE CORP

946 CLINTONVILLE RD
PERU,NY12972 		N/A PC A Light in the Dark: Supporting Artists and Student Artists through Lighting 13,360

BALLARD PARK FOUNDATION LTD

PO BOX 96
WESTPORT,NY12993 		N/A PC Ballard Park Summer Concerts 2023 2,500

BIG BROTHERS BIG SISTERS OF THE SOUTHERN ADIRONDAC

1 LAWRENCE ST SUITE 1B
GLENS FALLS,NY12801 		N/A PC Group Mentoring: 2 Groups for 1 Year 19,800

BOLTON FREE LIBRARY

PO BOX 389
BOLTON LNDG,NY12814 		N/A PC BOLTON FREE LIBRARY IN THE COMMUNITY 2,500

CAFFE LENA INC

47 PHILA ST
SARATOGA SPRINGS,NY12866 		N/A PC Music for a Healthy Community: Folk Club Kids Performer 16,200

CAMP ABILITIES SARATOGA INC

PO BOX 601
SARATOGA SPGS,NY12866 		N/A PC Support for 2 regional campers 5,000

CAMP TLC TOGETHER LIVING A CHALLENGE CORPORATION

285 SPRUCE GOOSE ST APT 227
LAS VEGAS,NV89135 		N/A PC Camp Alex 3,000

CAROGA ARTS COLLECTIVE INC

PO BOX 1048
CAROGA LAKE,NY12032 		N/A PC Caroga Arts Lessons and Ensemble Program 2,500

CATHOLIC CHARITIES OF THE DIOCESE OF ODGENSBURG

214 CAROLINE ST
OGDENSBURG,NY13669 		N/A PC Essential Medical Transportation 5,000

CENTER FOR DISABILITY SERVICES INC

314 S MANNING BLVD
ALBANY,NY12208 		N/A PC Workout Equipment for Students w/Disabilities 20,000

CHAMPLAIN CHILDRENS LEARNING CENTER INC

10 CLINTON ST
ROUSES POINT,NY12979 		N/A PC Gross Motor Activity Room 5,000

CHARLES R WOOD THEATER INC

207 GLEN ST
GLENS FALLS,NY12801 		N/A PC HVAC System Replacement 115,500

CLINTON COUNTY DISTRICT ATTORNEY'S CHILD ADVOCACY

137 MARGARET ST STE 201
PLATTSBURGH,NY12901 		N/A GOV "Safe & Sound" A community health and safety fair 2,500

CRAIGARDAN INC

9216 NYS RTE 9N
ELIZABETHTOWN,NY12932 		N/A PC The Studio Barn 25,000

CREATIVE HEALING CONNECTIONS INC

PO BOX 165
SANARAC LAKE,NY12983 		N/A PC Arts Retreats for Women with Cancer and Women Vets with PTSD 2,000

DOUBLE H - HOLE IN THE WOODS RANCH INC

97 HIDDEN VALLEY RD
LAKE LUZERNE,NY12846 		N/A PC Capital Campaign- Adaptive Playground 250,000

ELIZABETHTOWN COMMUNITY HOSPITAL

75 PARK ST
ELIZABETHTOWN,NY12932 		N/A PC Training Equipment for the Next Generation of Emergency Medical Professionals 13,201

ESSEX FOOD HUB INC

545 MIDDLE RD
ESSEX,NY12936 		N/A PC Food Hub Facilities Purchase 110,000

FAMILY YMCA OF THE GLENS FALLS AREA

600 GLEN ST
GLENS FALLS,NY12801 		N/A PC No More Learning Gap Summer Program 7,500

FORT ANN VOLUNTEER FIRE CO INC

PO BOX 305
FORT ANN,NY12827 		N/A PC AED Request 7,196

FORT HUDSON NURSING CENTER INC

319 BROADWAY
FORT EDWARD,NY12828 		N/A PC Resident Living Space Improvement 50,000

FRIENDS OF THE TOWN OF JOHNBURG NY PARKS

1390 S JOHNSBURG RD
JOHNSBURG,NY12843 		N/A PC Playground Restoration 4,000

GALLOP TO SUCCESS

1214 CROSS HILL RD
N BENNINGTON,VT05257 		N/A PC Gallop to Success Summer Camp 2023 2,000

GFCSD BACKPACK PROGRAM INC

20 QUADE ST
GLENS FALLS,NY12801 		N/A PC GFCSD Backpack Program Inc 15,000

GLENS FALLS AREA YOUTH CENTER INC

PO BOX 469
GLENS FALLS,NY12801 		N/A PC Health and Wellness Program 21,000

GLENS FALLS SYMPHONY ORCHESTRA INC

PO BOX 2036
GLENS FALLS,NY12801 		N/A PC GF Symphony Children's Concerts 2024 12,000

GRANVILLE RESCUE SQUAD INC

PO BOX 153
GRANVILLE,NY12832 		N/A PC Training Grant 2,500

GRASSROOT GIVERS INC

PO BOX 84
DELMAR,NY12054 		N/A PC Books for the Capital Region Teacher Book Bank 1,500

GREATER BENNINGTON INTERFAITH COMMUNITY SERVICES I

PO BOX 702
BENNINGTON,VT05201 		N/A PC To support food pantry meals served by the Kitchen Cupboard 3,400

GREEN MOUNTAIN MOBILE THERAPY INC

191 PROSPECT PKWY
BURLINGTON,VT05401 		N/A PC Youth Mental Health 5,000

HARTFORD VOLUNTEER FIRE CO INC

PO BOX 121
HARTFORD,NY12838 		N/A PC to purchase Thermal Imaging Camera 3,698

HISTORIC SALEM COURTHOUSE PRESERVATION ASSOCIATION

PO BOX 140
SALEM,NY12865 		N/A PC Lunch, Learn & Play - Greater Community Collaboration 5,000

HUDSON HEADWATERS HEALTH NETWORK

9 CAREY RD
QUEENSBURY,NY12804 		N/A PC Hudson Headwaters' one Urgent Care location 111,625

JUNIOR ACHIEVEMENT OF NORTHEASTERN NEW YORK

PO BOX 1487
ALBANY,NY12201 		N/A PC Financial Literacy and Career Readiness K-12 Student Programs 7,500

LAKE GEORGE ASSOCIATION INC

PO BOX 408
LAKE GEORGE,NY12845 		N/A PC Supplies for the 2023 Floating Classroom Program 4,000

LAKE GEORGE MUSIC FESTIVAL

7 STONE PINE LN
QUEENSBURY,NY12804 		N/A PC ARKAI in Lake George 7,500

LAKE GEORGE OPERA FESTIVAL ASSOCIATION INC

19 ROOSEVELT DR STE 215
SARATOGA SPGS,NY12866 		N/A PC Opera Saratoga Summer Festival 5,000

LITTLE THEATER ON THE FARM INC

27 PLUM RD
FORT EDWARD,NY12828 		N/A PC Chair Reupholstery Project 1,500

MERCY CARE FOR THE ADIRONDACKS INC

185 OLD MILITARY RD
LAKE PLACID,NY12946 		N/A PC Age-friendly Communities Initiative in the Adirondacks tri-lakes region 5,000

MORIAH CENTRAL SCHOOL DISTRICT

39 VIKING LN
PORT HENRY,NY12974 		N/A GOV Backpacks for at Risk Children 1,250

NORTH COUNTRY CULTURAL CENTER FOR THE ARTS

23 BRINKERHOFF ST
PLATTSBURGH,NY12901 		N/A PC Strand Center for the Arts Theatre Lighting Upgrade 10,000

PENDRAGON INC

15 BRANDY BRK
SARANAC LAKE,NY12983 		N/A PC Requested update on Relocation of Pendragon Theatre 50,000

PERU CENTRAL SCHOOL DISTRICT

17 SCHOOL ST PO BOX 68
PERU,NY12972 		N/A GOV Peru BackPack Program 2,736

PRIDE OF TICONDEROGA INC

111 MONTCALM ST
TICONDEROGA,NY12883 		N/A PC The Adirondack Performing Arts Center 100,000

REBUILDING TOGETHER-SARATOGA COUNTY

132 MILTON AVE
BALLSTON SPA,NY12020 		N/A PC Repairs for Low-Income Families with Children in Warren County 15,000

REGIONAL FOOD BANK OF N E NY INC

965 ALBANY SHAKER RD
LATHAM,NY12110 		N/A PC To support specified Adopt-a-Program funds 145,600

RONALD MCDONALD HOUSE CHARITIES OF THE CAPITAL REG

139 S LAKE AVE
ALBANY,NY12208 		N/A PC Ronald McDonald Family Retreat at Krantz Cottage in Lake George, NY 5,000

RUTLAND AREA FOODSHELF

65 RIVER ST
RUTLAND,VT05701 		N/A PC To support food pantry meals served 3,400

SALEM ECUMENICAL FOOD PANTRY INC

PO BOX 476
SALEM,NY12865 		N/A PC Salem Food Pantry Utility Van 20,000

SARANAC LAKE ARTWORKS INC

PO BOX 145
SARANAC LAKE,NY12983 		N/A PC Fund Arts Programs During Transition from Volunteer-led to staffed 10,000

SARANAC LAKE CENTRAL SCHOOL DISTRICT

79 CANARAS AVE
SARANAC LAKE,NY12983 		N/A GOV Snacks for Success 1,000

SARANAC LAKE ROTARY FOUNDATION INC

PO BOX 628
SARANAC LAKE,NY12983 		N/A PC Northern Current Music Festival 500

SARATOGA SPRINGS PERFORMING ARTS CENTER INC

108 AVE OF THE PINES
SARATOGA SPRINGS,NY12866 		N/A PC Arts Access Initiative at SPAC School of the Arts 20,000

SEAGLE MUSIC COLONY INC

999 CHARLEY HILL RD
SCHROON LAKE,NY12870 		N/A PC Dragon's Breath - A New Children's Opera by Evan Mack and Joshua McGuire 10,000

SILVER BAY ASSOCIATION FOR CHRISTIAN CONFERENCE AN

87 SILVERBAY RD
SILVER BAY,NY12874 		N/A PC Training Supplies for the Silver Bay YMCA Teen Center 8,600

SMALL TALES DAY CARE CENTER INC

87 RIVER ST
WARRENSBURG,NY12885 		N/A PC Expanding our Child Care Services to our Neighbors in the north 5,500

SOUTH END NEIGHBORHOOD TUTORS

PO BOX 61
ALBANY,NY12201 		N/A PC Program Materials for The Wizard's Wardrobe 1,250

SOUTH QUEENSBURY VOLUNTEER FIRE COMPANY INC

409 DIX AVE
QUEENSBURY,NY12804 		N/A PC Purchase of AED equipment 5,000

SPRINGFIELD AREA PARENT CHILD CENTER

80 JACK AND JILL LN
N SPRINGFIELD,VT05150 		N/A PC Dolly Parton Imagination Library 10,000

SPRINGFIELD FAMILY CENTER INC

PO BOX 20
N SPRINGFIELD,VT05150 		N/A PC Food as Medicine 7,500

ST JOHNS EPISCOPAL CHURCH

ONE N MARKET ST PO BOX 395
JOHNSTOWN,NY12095 		N/A PC One Church Street Project 25,000

TANNERY POND CENTER FOR ARTS EDUCATION & COMMUNITY

228 MAIN ST
NORTH CREEK,NY12853 		N/A PC Auditorium Upgrades - new screen purchase 15,555

THE BUS STOP CLUB INC

PO BOX 473
EAST GREENBUSH,NY12601 		N/A PC Bus Stop Club Programming 5,000

THE HYDE COLLECTION TRUST

161 WARREN ST
GLENS FALLS,NY12801 		N/A PC Songs of the Horizon: David Smith, Song, and Dance 100,000

THE SALVATION ARMY

440 W NYACK ROAD
WEST NYACK,NY10994 		N/A PC The Salvation Army Youth Character Building Programs 2,500

TICONDEROGA ARTS INC

PO BOX 335
TICONDEROGA,NY12883 		N/A PC 10th Annual Adirondack Harvest Plein Air Festival 1,500

TICONDEROGA CENTRAL SCHOOL DISTRICT

5 CALKINS PL
TICONDEROGA,NY12883 		N/A GOV Ticonderoga Area Backpack Program 15,000

TICONDEROGA FESTIVAL GUILD INC

PO BOX 125
TICONDEROGA,NY12883 		N/A PC Free Summer Concerts 2,000

TICONDEROGA REVITALIZATION ALLIANCE INC

PO BOX 247
TICONDEROGA,NY12883 		N/A PC Ticonderoga Community Childcare 100,000

TRI-COUNTY UNITED WAY INC

696 UPPER GLEN ST
QUEENSBURY,NY12804 		N/A PC Supplies for the Kids With Packs Program 5,000

UNITED WAY OF THE ADIRONDACK REGION INC

45 TOM MILLER RD
PLATTSBURGH,NY12901 		N/A PC YMCA of Plattsburgh, Inc 100,000

UPPER JAY ART CENTER

12198 NYS RTE 9N
UPPER JAY,NY12987 		N/A PC Short Film Festival- Puppetry and Animation 3,000

UPPER VALLEY HAVEN INC

713 HARTFORD AVE
WHITE RIVER JUNCTION,VT05001 		N/A PC Children's Services Program 7,500

UPPER VALLEY HAVEN INC

713 HARTFORD AVE
WHITE RIVER JUNCTION,VT05001 		N/A PC To support food pantry meals served 3,400

WARREN WASHINGTON COUNTY HOMELESS YOUTH COALITION

PO BOX 3252
GLENS FALLS,NY12801 		N/A PC APPRECIATE WAIT Capital Campaign 100,000

WE ARE INSTRUMENTAL INC

PO BOX 586
TICONDEROGA,NY12883 		N/A PC Allegro Initiative: Making Instrument Inventories Younger and Livelier 10,000

WINGS FALLS QUILTERS GUILD

PO BOX 4193
QUEENSBURY,NY12804 		N/A PC Community Service Projects September 2023 - August 2024 1,500

X-QUEST INC

1131 VAN ANTWERP RD
SCHENECTADY,NY12309 		N/A PC A Children's School for Music and Art 10,000

YOUNG MENS CHRISTIAN ASSOCIATION SARATOGA COUNTY

290 W AVE
SARATOGA SPRINGS,NY12866 		N/A PC Capital Project: Creating an Intergenerational Community Hub dedicated to health and wellness 211,000
Total .................................right arrow 3a 2,196,471
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 180,172  
4 Dividends and interest from securities ....     14 925,598  
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 ............ 		525990 2,469 18 5,296,509  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 3,357 14 16,385  
bFederal Tax Refund     01 1,555  
cSTATE TAX REFUND     01 1,133  
dCLASS ACTION LAWSUIT PROCEEDS     01 1,140  
e
12 Subtotal. Add columns (b), (d), and (e) .. 5,826 6,422,492  
13Total. Add line 12, columns (b), (d), and (e)..................
13
6,428,318
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
Charles R Wood Foundation
 
Employer identification number

22-2237193
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




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
Special Rules
......... 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
Charles R Wood Foundation
  		Employer identification number
22-2237193
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
Federal Home Loan Bank of New York
Jose Gonzalez 101 Park Ave 6th Fl
 
New York, NY10178

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
Charles R Wood Foundation
  		Employer identification number

22-2237193
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
 
$    
(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
 
$    
(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
Charles R Wood Foundation
  		Employer identification number

22-2237193
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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use 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 (c) Use 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 (c) Use 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 (c) Use 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


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax Return Preparation/Review 500     500

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

TY 2023 DepreciationSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
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
BUILDING - DOUBLE   2,611,800 1,958,850 SL 40 65,295      
FURNITURE AND FIXT   149,379 149,379 SL          
LAND - DOUBLE H RA   344,789   L          
LAND IMP - DOUBLE   64,886 64,886 SL 30        
MACHINERY & EQUIPM   99,422 99,422 SL          

TY 2023 InvestmentsCorpBondsSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE - 3.200% - 11/21/2029 91,149 93,479
APPLIED MATERIALS INC - 3.300% 101,621 96,923
HOME DEPOT INC - 2.700% - 04/1 89,752 91,113
JP MORGAN CHASE - 3.125% - 01/ 200,498 195,820
LOWES COS INC - 3.100% - 05/03 100,711 95,800
MORGAN STANLEY - 3.622% - 04/0 91,518 92,188
WELLS FARGO CO MTN BE - 3.300% 54,635 49,338

TY 2023 InvestmentsCorpStockSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 117,549 117,885
ADOBE SYSTEMS, INC 171,658 232,674
ALPHABET INC CL A 107,619 307,318
AMAZON COM 103,107 265,895
AMPHENOL CORPORATION 158,083 194,790
APPLE INC 236,638 423,566
BANK OF AMERICA CORP 39,532 45,353
BERKSHIRE HATHAWAY INC. CLASS 84,500 196,163
BLACKROCK INC 101,260 202,950
BRISTOL-MYERS SQUIBB CO 106,090 110,368
CATERPILLAR INC 95,565 139,261
CHEVRON CORP 61,758 86,662
CISCO SYSTEMS INC 125,828 135,949
COSTCO WHOLESALE CORPORATION 66,652 172,281
CUMMINS INC 72,155 69,475
DANAHER CORP 121,030 102,946
DOLLAR TREE INC 66,234 63,923
DUKE ENERGY CO 41,633 48,908
ELI LILLY & CO 176,612 190,032
EXXON MOBIL CORP 57,593 86,983
GEN DYNAMICS CP 67,217 74,525
HOME DEPOT INC 41,875 153,175
HONEYWELL INTL 98,710 117,647
I SHARES TR IBDS DEC28 ETF 324,940 332,969
INGERSOLL-RAND INC 68,935 88,941
INTERCONTINENTAL EXCHANGE, INC 104,516 157,455
INVESCO QQQ TRUST 342,285 423,034
ISHARE SP SMALL CAP 600 INDEX 528,940 541,683
ISHARES BARCLAYS 10-20 YEAR TR 525,924 558,730
ISHARES BONDS DEC 2027 CORP ET 125,276 127,690
ISHARES CORE MSCI DEV MKTS ETF 533,502 516,155
ISHARES DEC 2024 TERM CORPORAT 75,224 75,652
ISHARES IBONDS 2024 TERM HIGH 827,437 828,365
ISHARES IBONDS DEC 2025 TERM C 125,435 126,746
ISHARES IBONDS DEC 2026 TERM C 327,349 330,489
ISHARES IBONDS DEC 2030 TERM C 230,191 232,305
ISHARES IBONDS DEC 2031 TERM C 230,683 233,185
ISHARES IBONDS DEC 2032 TERM C 330,543 337,275
ISHARES IBONDS DEC 2033 TERM C 318,601 341,504
ISHARES TR IBONDS DEC 29 229,117 231,923
ISHARES TR S & P MIDCAP 400 IN 225,360 220,889
JOHNSON & JOHNSON 63,231 69,279
JP MORGAN CHASE 61,505 128,255
LORD ABBETT INVESTMENT TRUST S 1,111,773 1,083,563
LOWES COMPANIES INC 16,376 35,163
LYONDELLBASELL INDUSTRIES NV 54,342 51,819
MARVELL TECHNOLOGY, INC 62,167 75,388
MASCO CORP 55,447 98,729
MASTERCARD INC 92,532 100,230
META PLATFORMS INC 127,405 213,084
MICROSOFT CORP 108,033 367,015
MORGAN STANLEY 48,476 74,414
NETFLIX INC 111,864 158,236
NEXTERA ENERGY, INC 37,211 60,740
NVIDIA CORP 55,568 396,176
ORACLE CORP 76,468 187,876
PALO ALTO NETWORKS INC 89,947 103,208
PAYDEN HIGH INCOME FUND CLASS 593,000 626,099
PROCTER GAMBLE CO 77,781 101,845
SALESFORCE.COM 107,411 208,407
SNOWFLAKE INC 109,503 139,300
SPDR S&P 500 VALUE 338,032 369,403
STARBUCKS CORP COM 35,524 64,039
STRYKER CORPORATION 58,438 105,110
SYSCO CORP 62,157 57,773
TERADYNE INC 68,722 81,390
THE COCA-COLA CO 81,231 106,722
THERMO FISHER SCIENTIFIC INC 66,612 152,868
TJX COMPANIES INC 33,251 121,953
TRAVELERS COMPANIES INC 88,688 114,294
UNION PACIFIC 40,703 49,124
UNITEDHEALTH GROUP INC 53,936 108,979
VANGUARD EQUITY INCOME - ADMIR 1,133,261 1,162,907
VANGUARD EXPLORER FD ADMIRAL S 516,220 582,831
VANGUARD INTL GROWTH FD ADMIRA 1,746,940 1,928,910
VANGUARD INTL VALUE FUND 1,801,531 1,920,354
VANGUARD MALVERN FDS CRE BD AD 3,376,794 3,563,090
VANGUARD MID-CAP ETF 751,557 1,167,620
VANGUARD PRIMECAP CORE FUND IN 2,776,839 2,905,251
VANGUARD SM-CAP ETF 458,281 608,204
VANGUARD TOTAL INT ST IDX-AD 3,558,394 3,867,090
VANGUARD TOTAL STOCK MARKET IN 5,168,649 5,792,724
VANGUARD U.S. GROWTH FUND ADMI 993,026 1,155,317
VERTEX PHARMCTLS INC 73,752 81,378
VICTORY MARKET NEUTRAL INCOME 420,917 404,142
VISA INC 59,422 78,886
WAL-MART STORES INC 80,446 87,496
WALT DISNEY HOLDINGS CO 141,898 90,290
WILLIAMS COS 77,301 99,788
YUM BRANDS INC 119,542 118,901

TY 2023 InvestmentsGovtObligationsSch
Name:
Charles R Wood Foundation
EIN:
22-2237193
US Government Securities - End of Year Book Value:

200,036
US Government Securities - End of Year Fair Market Value:

195,400
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
Charles R Wood Foundation
EIN:
22-2237193
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FIFTH AVENUE PRIVATE EQUITY 14   398,866 692,204
FIFTH AVENUE PRIVATE EQUITY 15   319,603 454,393
FIFTH AVENUE PRIVATE EQUITY 16   166,252 194,035
FIFTH AVENUE REAL ASSETS 4 LLC   222,479 390,233
FIFTH AVENUE REAL ASSETS 5 LLC   181,478 226,199
MS GLOBAL DISTRESSED OPPORTUNI     21,997
VANGUARD HARBOURVEST 2023 PR   12,500 18,802

TY 2023 LandEtcSchedule2
Name:
Charles R Wood Foundation
EIN:
22-2237193
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING - DOUBLE 2,611,800 2,024,145 587,655 80,000
FURNITURE AND FIXT 149,379 149,379    
LAND - DOUBLE H RA 344,789   344,789 20,000
LAND IMP - DOUBLE 64,886 64,886    
MACHINERY & EQUIPM 99,422 99,422    


TY 2023 OtherExpensesSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 101,318     101,318
Bank Charges 161 161    
Foundation Dues & Memberships 815     815
Indemnification Insurance 2,250     2,250
K-1 Exp FIFTH AVENUE PRIVATE E 13,239 13,130    
K-1 Exp FIFTH AVENUE PRIVATE E 11,091 10,997    
K-1 Exp FIFTH AVENUE PRIVATE E 11,981 11,714    
K-1 Exp FIFTH AVENUE REAL ASSE 28,685 15,590    
K-1 Exp FIFTH AVENUE REAL ASSE 16,758 14,796    
Office & Supplies 81     81
Postage/Delivery Service 398     398
Property insurance 9,641     9,641
Property Maintenance 332     332
State or Local Filing Fees 750     750
Website Hosting/Support 875     875


TY 2023 OtherIncomeSchedule2
Name:
Charles R Wood Foundation
EIN:
22-2237193
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss FIFTH AVENUE PRIVATE EQUITY 14 LLC 5,583 4,742  
K-1 Inc/Loss FIFTH AVENUE PRIVATE EQUITY 15 LLC -863 615  
K-1 Inc/Loss FIFTH AVENUE PRIVATE EQUITY 16 LLC -3,276 -734  
K-1 Inc/Loss FIFTH AVENUE REAL ASSETS 4 LLC 24,580 11,279  
K-1 Inc/Loss FIFTH AVENUE REAL ASSETS 5 LLC -6,282 483  
Class Action Lawsuit Proceeds 1,140 1,140  
Federal Tax Refund 1,555    
State Tax Refund 1,133    


TY 2023 OtherProfessionalFeesSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 115,075 115,075    
Website Development 394     394


TY 2023 TaxesSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 72,300      
990-PF Extension for 2022 300      
990-T Extension for 2022 1,700      
Foreign Tax Paid 1,395 1,395    
STATE INCOME TAX EXT. FOR 2022 1,400      
PTNRSHP STATE TAX WITHHOLD 523 523