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
JEFFREY CARLTON FOUNDATION 105848-000
 
Number and street (or P.O. box number if mail is not delivered to street address)1100 NORTH MARKET STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198900001
A Employer identification number

38-7095011
B Telephone number (see instructions)

(302) 651-1929
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$54,134,956J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 949,026 942,417  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,047,557
b Gross sales price for all assets on line 6a 14,868,371
7 Capital gain net income (from Part IV, line 2)... 2,047,557
8 Net short-term capital gain......... 0
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
342,120 342,120  
12 Total. Add lines 1 through 11........ 3,338,703 3,332,094  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 312,750     312,750
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
10,020 10,020   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
35,149 21,268   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
612 612    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 358,531 31,900 0 312,750
25 Contributions, gifts, grants paid....... 2,478,426 2,478,426
26 Total expenses and disbursements. Add lines 24 and 25 2,836,957 31,900 0 2,791,176
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 501,746
b Net investment income (if negative, enter -0-) 3,300,194
c Adjusted net income (if negative, enter -0-)... 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.............   -44,248 -44,248
2 Savings and temporary cash investments......... 2,160,299 1,104,975 1,104,975
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment
List of Attached Documents:
// Content
7,915,457 		7,745,910
b Investments—corporate stock (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
19,028,543 		27,076,066
c Investments—corporate bonds (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
6,637,513 		6,417,250
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).......... 39,041,298   0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)   Click to see attachment
List of Attached Documents:
// Content
7,204,696 		Click to see attachment
List of Attached Documents:
// Content
11,835,003
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 41,201,597 41,846,936 54,134,956
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 41,201,597 41,846,936
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 41,201,597 41,846,936
30 Total liabilities and net assets/fund balances (see instructions). 41,201,597 41,846,936
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
41,201,597
2
Enter amount from Part I, line 27a .....................
2
501,746
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
502,055
4
Add lines 1, 2, and 3 ..........................
4
42,205,398
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
358,462
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
41,846,936
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 271. AIA GROUP LTD SPONS ADR   2023-07-20 2023-08-14
b 1301. AIA GROUP LTD SPONS ADR   2017-03-24 2023-08-14
c 25000. AON PLC 4.000% 11/27/23   2014-05-20 2023-11-27
d 20000. AT&T INC 1.650% 2/01/28   2023-01-19 2023-04-19
e 100000. AT&T INC 1.650% 2/01/28     2023-04-19
15000. ABBVIE INC 3.750% 11/14/23   2018-09-13 2023-03-21
275. ADYEN NV UNSPONS ADR   2020-10-12 2023-07-20
495. AMADEUS IT GROUP, S.A. ADR     2023-01-04
25000. AMERICAN ELECTRIC 0.750% 11/01/23   2020-11-18 2023-09-05
50000. AMERICAN TOWER CORP 5.000% 2/15/24   2014-02-04 2023-12-05
20000. AMGEN INC 2.250% 8/19/23     2023-02-15
54. ATLASSIAN CORPORATION CL A   2021-09-21 2023-07-20
10000. BK MONTREAL MTN CONV 0.400% 9/15/23   2023-01-19 2023-03-07
50000. BK MONTREAL MTN CONV 0.400% 9/15/23   2021-09-09 2023-03-07
100000. BNY MELLON MTN 0.350% 12/07/23     2023-10-19
10000. BANK OF NY MTN V-D 3.430% 6/13/25   2023-01-19 2023-09-11
60000. BANK OF NY MTN V-D 3.430% 6/13/25   2022-06-08 2023-09-11
15000. BK NOVA SCOTIA CONV 0.400% 9/15/23   2023-01-19 2023-09-15
75000. BK NOVA SCOTIA CONV 0.400% 9/15/23   2021-09-13 2023-09-15
15000. BRISTOL-MYERS 2.750% 2/15/23   2019-11-22 2023-02-15
30000. CNA FINANCIAL CORP 7.250% 11/15/23   2020-12-16 2023-11-15
75. CSL LTD SPONS ADR   2023-07-20 2023-08-07
590. CSL LTD SPONS ADR   2019-04-30 2023-08-07
10000. CAMPBELL SOUP CO 3.650% 3/15/23   2020-08-26 2023-03-07
185. CANADIAN PACIFIC KANSAS CITY   2019-04-30 2023-07-20
25000. CAPITAL ONE FINL CO 3.900% 1/29/24   2019-07-23 2023-12-29
30000. CAPITAL ONE FINL V-D 1.343% 12/06/24   2021-12-02 2023-12-06
10000. CATERPILLAR FINL 0.650% 7/07/23   2020-07-06 2023-07-07
15000. COMCAST CORP 5.250% 11/07/25   2022-10-31 2023-02-15
20000. CONAGRA BRANDS INC 0.500% 8/11/23   2021-08-09 2023-08-11
45. DSV A/S UNSPONS ADR   2019-04-30 2023-07-20
165. DSV A/S UNSPONS ADR   2023-03-23 2023-12-12
373. DSV A/S UNSPONS ADR   2019-04-30 2023-12-12
10000. ENBRIDGE INC 0.550% 10/04/23   2023-01-19 2023-08-09
30000. ENBRIDGE INC 0.550% 10/04/23     2023-08-09
50000. ENTERPRISE PRODUCTS 5.050% 1/10/26     2023-06-08
28. EPAM SYSTEMS INC   2021-06-09 2023-03-21
46. EVOLUTION AB UNSPONS ADR   2021-05-07 2023-07-20
423. EXPERIAN GROUP LTD-SPON ADR   2019-04-30 2023-03-21
120. EXPERIAN GROUP LTD-SPON ADR   2019-04-30 2023-07-20
50000. FNMA 0.625% 4/22/25   2020-04-22 2023-06-27
95000. FHLMC MTN 0.375% 5/05/23   2020-05-05 2023-05-05
35000. FIFTH THIRD BANCORP 4.300% 1/16/24   2014-10-30 2023-07-24
25000. FIRSTMERIT CORP 4.350% 2/04/23     2023-01-11
20000. GLAXOSMITHKLINE CAP 0.534% 10/01/23   2020-09-29 2023-03-21
35224. ISHARES MSCI EAFE INDEX FUND     2023-01-13
4860. ISHARES RUSSELL 1000 VALUE ETF     2023-04-17
3769. ISHARES RUSSELL 1000 VALUE ETF     2023-07-18
2485. ISHARES RUSSELL 1000 VALUE ETF   2015-06-11 2023-08-04
1137. ISHARES RUSSELL 1000 VALUE ETF   2015-06-11 2023-12-22
2156. ISHARES RUSSELL 1000 ETF     2023-12-22
3695. ISHARES RUSSELL 2000 VALUE ETF   2017-06-28 2023-01-13
1282. ISHARES RUSSELL 2000 GROWTH ETF   2022-12-12 2023-01-13
1150. ISHARES RUSSELL 2000 GROWTH ETF   2014-03-21 2023-01-13
2272. ISHARES RUSSELL 2000 ETF   2016-04-15 2023-03-17
21896. ISHARES CORE MSCI EAFE ETF   2022-12-12 2023-01-13
11104. ISHARES CORE MSCI EMERGING     2023-01-13
3107. ISHARES GLOBAL REIT ETF   2022-10-10 2023-01-13
15926.987 JPMORGAN MTG-BACKED SEC FD CL R6   2022-06-27 2023-01-13
1002. LASERTEC CORP UNSPONS ADR   2021-06-09 2023-05-03
152. LI NING COMPANY UNSPONS ADR     2023-06-05
507. LONZA GROUP AG-UNSPONSORED ADR   2020-08-06 2023-11-09
111. LULULEMON ATHLETICA INC-W/I     2023-03-21
40000. MCKESSON CORP 5.250% 2/15/26   2023-02-13 2023-05-02
7. METTLER TOLEDO INTERNATIONAL COM   2023-07-20 2023-11-22
28. METTLER TOLEDO INTERNATIONAL COM   2019-04-30 2023-11-22
10000. MORGAN STANLEY V-Q 0.731% 4/05/24   2023-01-19 2023-04-05
25000. MORGAN STANLEY V-Q 0.731% 4/05/24   2021-04-19 2023-04-05
20000. NORTHROP GRUMMAN 3.250% 8/01/23   2022-04-20 2023-08-01
172. PERNOD RICARD SA SPONS ADR   2019-04-30 2023-07-20
980. PERNOD RICARD SA SPONS ADR   2019-04-30 2023-09-28
40000. RTX CORPORATION 5.150% 2/27/33     2023-10-27
89. RESMED INC   2019-04-30 2023-01-05
157. RESMED INC   2019-04-30 2023-09-14
15000. RYDER SYSTEM INC MTN 3.400% 3/01/23   2018-02-21 2023-02-14
826. SCHNEIDER ELECTRIC SE UNSPONS ADR   2022-04-06 2023-11-07
678. SKIA AG-BR UNSPONS ADR   2020-01-22 2023-11-10
952. SKIA AG-BR UNSPONS ADR     2023-12-12
100000. THERMO FISHER SCIENT 0.797% 10/18/23   2021-10-19 2023-10-18
11.281 THOMSON REUTERS CORP   2023-01-04 2023-06-27
.7185 THOMSON REUTERS CORP   2023-01-04 2023-07-11
75000. US BANCORP V-D 5.727% 10/21/26     2023-02-06
50000. U.S. TREASURY NOTES 2.875% 5/15/28   2018-12-31 2023-05-09
115000. U.S. TREASURY NOTES 2.375% 8/15/24     2023-09-21
25000. U.S. TREASURY NOTES 2.375% 8/15/24   2016-07-11 2023-09-21
50000. U.S. TREASURY NOTES 1.625% 2/15/26     2023-05-09
25000. U.S. TREASURY NOTES 1.625% 10/31/23   2016-12-02 2023-09-01
15000. U.S. TREASURY NOTES 1.625% 10/31/23   2023-01-19 2023-09-05
15000. U.S. TREASURY NOTES 1.625% 10/31/23   2018-11-19 2023-09-05
40000. U.S. TREASURY NOTES 2.250% 1/31/24   2019-10-04 2023-06-27
30000. U.S. TREASURY NOTES 2.250% 1/31/24   2019-10-04 2023-09-07
35000. U.S. TREASURY NOTES 2.500% 8/15/23   2018-08-24 2023-01-04
35000. U.S. TREASURY NOTES 2.750% 11/15/23   2018-11-30 2023-01-04
50000. U.S. TREASURY NOTES 2.000% 4/30/24   2017-05-17 2023-06-27
40000. U.S. TREASURY NOTES 1.750% 7/31/24   2019-08-27 2023-04-11
15000. U.S. TREASURY NOTES 1.750% 7/31/24   2023-01-19 2023-09-05
125000. U.S. TREASURY NOTES 1.750% 7/31/24     2023-09-05
50000. U.S. TREASURY NOTES 0.375% 4/30/25   2020-10-28 2023-05-09
50000. U.S. TREASURY NOTES 0.250% 5/31/25   2020-10-02 2023-05-30
50000. U.S. TREASURY NOTES 0.625% 12/31/27   2022-03-03 2023-07-19
40000. U.S. TREASURY NOTES 1.250% 11/30/26   2021-11-29 2023-05-09
15000. U.S. TREASURY NOTES 0.500% 11/30/23   2023-01-19 2023-09-05
75000. U.S. TREASURY NOTES 0.500% 11/30/23   2021-11-29 2023-09-05
75000. U.S. TREASURY NOTES 2.750% 8/15/32   2023-01-19 2023-05-09
50000. U.S. TREASURY NOTES 4.000% 2/28/30   2023-03-07 2023-05-09
5141.388 VANGUARD COMMODITY STRAT FD CL ADM   2023-01-13 2023-12-13
24069.32 VANGUARD COMMODITY STRAT FD CL ADM   2022-10-11 2023-12-13
416. VANGUARD CONSUMER DISCRETIONARY ETF   2015-12-15 2023-01-13
95. VANGUARD CONSUMER DISCRETIONARY ETF   2015-12-15 2023-03-16
422. VANGUARD CONSUMER STAPLES ETF     2023-01-13
283. VANGUARD ENERGY ETF   2015-12-15 2023-01-13
1724. VANGUARD FINANCIALS ETF     2023-01-13
846. VANGUARD HEALTH CARE ETF     2023-01-13
764. VANGUARD INDUSTRIALS ETF   2015-12-15 2023-01-13
646. VANGUARD INFORMATION TECHNOLOGY ETF   2015-12-15 2023-01-13
204. VANGUARD INFORMATION TECHNOLOGY ETF   2015-12-15 2023-03-16
526. VANGUARD INFORMATION TECHNOLOGY ETF   2015-12-15 2023-06-28
406. VANGUARD MATERIALS ETF     2023-01-13
208. VANGUARD UTILITIES ETF   2019-05-10 2023-03-16
340. VANGUARD COMMUNICATION SERVICES   2018-09-04 2023-03-16
20000. VERIZON COMM INC 2.625% 8/15/26     2023-07-11
60000. VERIZON COMM INC 0.750% 3/22/24   2021-07-12 2023-05-09
20000. WALGREENS BOOTS 3.200% 4/15/30   2023-01-19 2023-01-24
100000. WALGREENS BOOTS 3.200% 4/15/30     2023-01-24
45000. WALGREENS BOOTS 0.950% 11/17/23   2021-11-02 2023-09-01
5000. WASTE MANAGEMENT INC 2.400% 5/15/23   2017-09-19 2023-03-01
20000. WELLS FARGO CO V-D 5.574% 7/25/29   2023-07-18 2023-07-19
10458. COMMONFUND CVP IX   2010-10-07 2023-03-21
8366. COMMONFUND CVP IX   2010-10-07 2023-05-24
8566. COMMONFUND CVP IX   2010-10-07 2023-06-29
7585. COMMONFUND CVP IX   2010-10-07 2023-09-13
9462. COMMONFUND CVP IX   2010-10-07 2023-09-26
12948. COMMONFUND CVP IX   2010-10-07 2023-12-21
15228. COMMONFUND CAPITAL VENTURE PARTNERS   2012-09-11 2023-03-16
6942. COMMONFUND CAPITAL VENTURE PARTNERS   2012-09-11 2023-06-07
8510. COMMONFUND CAPITAL VENTURE PARTNERS   2012-09-11 2023-06-30
8062. COMMONFUND CAPITAL VENTURE PARTNERS   2012-09-11 2023-08-11
11645. COMMONFUND CAPITAL VENTURE PARTNERS   2012-09-11 2023-09-14
7345. COMMONFUND CAPITAL VENTURE PARTNERS   2012-09-11 2023-12-21
19438. COMMONFUND CAPITAL INTL PARTNERS VII   2010-12-17 2023-03-15
5928. COMMONFUND CAPITAL INTL PARTNERS VII   2010-12-17 2023-05-04
12958. COMMONFUND CAPITAL INTL PARTNERS VII   2010-12-17 2023-06-30
14441. COMMONFUND CAPITAL PTRS VIII   2011-12-01 2023-03-21
15988. COMMONFUND CAPITAL PTRS VIII   2011-12-01 2023-03-24
6602. COMMONFUND CAPITAL PTRS VIII   2011-12-01 2023-06-28
10315. COMMONFUND CAPITAL PTRS VIII   2011-12-01 2023-08-09
8252. COMMONFUND CAPITAL PTRS VIII   2011-12-01 2023-12-22
8638. KKR SPECIAL SITUATIONS (TE) II L.P.   2016-04-01 2023-03-30
3290. KKR SPECIAL SITUATIONS (TE) II L.P.   2016-04-01 2023-06-29
10409. KKR SPECIAL SITUATIONS (TE) II L.P.   2016-04-01 2023-09-22
4062. KKR SPECIAL SITUATIONS (TE) II L.P.   2016-04-01 2023-12-15
21320. KKR LENDING PARTNERS EUR (TE) FEEDER   2016-04-18 2023-03-31
5248. KKR LENDING PARTNERS EUR (TE) FEEDER   2016-04-18 2023-06-23
26794. KKR LENDING PARTNERS EUR (TE) FEEDER   2016-04-18 2023-09-28
7325. KKR LENDING PARTNERS EUR (TE) FEEDER   2016-04-18 2023-12-08
111099. BLACKROCK PRIVATE OPP FUND III T.E.   2016-04-26 2023-09-18
22862.28 LLR EQUITY PARTNERS INTL V, L.P.   2018-06-08 2023-02-21
13717.37 LLR EQUITY PARTNERS INTL V, L.P.   2018-06-08 2023-08-15
73159.28 LLR EQUITY PARTNERS INTL V, L.P.   2018-06-08 2023-09-28
81096.34 CERBERUS GLOBAL NPL FEEDER FUND, LP   2019-01-11 2023-05-18
18432.6 CERBERUS GLOBAL NPL FEEDER FUND, LP   2019-01-11 2023-11-10
1232. ONE ROCK CAPITAL PARTNERS III   2021-06-21 2023-11-14
59677.76 MONARCH CAPITAL PARTNERS OS V LP   2021-06-11 2023-08-17
44732.64 MONARCH CAPITAL PARTNERS OS V LP   2022-09-29 2023-10-11
58. ARCH CAPITAL GROUP LTD   2023-03-23 2023-07-20
18. ARCH CAPITAL GROUP LTD   2023-07-24 2023-12-29
85. ACCENTURE PLC- CL A   2019-04-30 2023-03-21
18. ACCENTURE PLC- CL A   2019-04-30 2023-07-20
44. STERIS PLC     2023-07-20
866. ALCON INC     2023-04-03
. JP MORGAN ADR FX CLASS ACTION     2023-05-09
45. ASM INTERNATIONAL NV SPONS ADR   2022-04-18 2023-07-20
67. FERRARI NV   2021-03-26 2023-07-20
. TEVA SECURITIES LITIGATION     2023-08-02
(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 9,837   10,720 -883
b 47,223   33,854 13,369
c 25,000   25,000  
d 17,457   17,557 -100
e 87,284   99,869 -12,585
14,841   14,981 -140
4,791   5,651 -860
26,055   38,318 -12,263
24,801   24,979 -178
49,896   50,057 -161
19,687   19,819 -132
9,978   22,261 -12,283
9,746   9,746  
48,730   49,958 -1,228
99,299   99,944 -645
9,840   9,876 -36
59,038   60,000 -962
15,000   15,000  
75,000   74,936 64
15,000   15,000  
30,000   30,000  
6,434   6,795 -361
50,614   41,471 9,143
9,997   10,002 -5
14,992   8,266 6,726
25,000   25,000  
30,000   30,000  
10,000   9,994 6
15,151   14,996 155
20,000   19,962 38
5,020   2,088 2,932
12,674   15,574 -2,900
28,650   17,311 11,339
9,922   9,922  
29,765   29,996 -231
50,156   50,069 87
7,766   13,741 -5,975
5,760   8,785 -3,025
13,723   12,296 1,427
4,644   3,488 1,156
46,322   49,897 -3,575
95,000   94,960 40
34,606   35,084 -478
24,978   25,055 -77
19,489   20,000 -511
2,477,156   2,049,296 427,860
750,984   694,700 56,284
605,003   428,027 176,976
398,299   262,606 135,693
187,082   120,154 66,928
564,350   394,212 170,138
547,112   438,199 108,913
294,624   283,242 11,382
264,288   161,936 102,352
389,654   255,723 133,931
1,444,205   1,373,902 70,303
562,051   501,896 60,155
74,553   64,101 10,452
162,615   165,004 -2,389
26,283   36,739 -10,456
22,529   41,987 -19,458
19,239   31,565 -12,326
32,935   23,215 9,720
40,038   39,920 118
7,621   9,422 -1,801
30,483   20,804 9,679
10,000   10,000  
25,000   25,000  
20,000   20,000  
7,627   5,996 1,631
32,692   34,161 -1,469
37,067   39,749 -2,682
18,521   9,245 9,276
23,094   16,308 6,786
14,993   14,960 33
26,256   25,984 272
16,788   12,883 3,905
26,901   18,031 8,870
100,000   100,000  
1,462   1,326 136
96   88 8
76,672   76,376 296
48,453   50,359 -1,906
111,891   111,891  
24,324   25,239 -915
47,166   48,796 -1,630
24,851   24,851  
14,913   14,913  
14,913   14,913  
39,284   40,204 -920
29,627   30,102 -475
34,532   34,630 -98
34,420   34,847 -427
48,623   49,746 -1,123
38,611   40,184 -1,573
14,519   14,519  
120,996   125,007 -4,011
46,525   50,076 -3,551
45,959   49,981 -4,022
43,103   46,750 -3,647
36,808   40,100 -3,292
14,828   14,828  
74,138   74,986 -848
70,435   71,121 -686
51,420   49,481 1,939
126,941   140,000 -13,059
594,272   750,000 -155,728
96,634   51,440 45,194
22,968   11,747 11,221
80,806   57,861 22,945
34,880   24,304 10,576
148,115   87,635 60,480
208,693   113,426 95,267
145,376   76,761 68,615
213,903   71,020 142,883
74,444   22,427 52,017
227,497   57,827 169,670
73,800   47,167 26,633
30,545   26,739 3,806
31,431   29,274 2,157
18,565   20,821 -2,256
57,698   60,096 -2,398
17,870   18,166 -296
89,350   105,442 -16,092
44,549   44,993 -444
4,972   4,960 12
20,093   20,000 93
10,458   10,458  
8,366   8,366  
8,566   8,566  
7,585   7,585  
9,462   9,462  
12,948   12,948  
15,228   15,228  
6,942   6,942  
8,510   8,510  
8,062   8,062  
11,645   11,645  
7,345   7,345  
19,438   19,438  
5,928   5,928  
12,958   12,958  
14,441   14,441  
15,988   15,988  
6,602   6,602  
10,315   10,315  
8,252   8,252  
8,638   8,638  
3,290   3,290  
10,409   10,409  
4,062   4,062  
21,320   21,320  
5,248   5,248  
26,794   26,794  
7,325   7,325  
111,099   111,099  
22,862   22,862  
13,717   13,717  
73,159   73,159  
81,096   81,096  
18,433   18,433  
1,232   1,232  
59,678   59,678  
44,733   44,733  
4,700   3,833 867
1,332   1,473 -141
21,679   15,444 6,235
5,654   3,270 2,384
10,071   6,391 3,680
60,452   51,442 9,010
27     27
19,616   14,509 5,107
21,453   13,653 7,800
73     73
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       -883
b       13,369
c        
d       -100
e       -12,585
      -140
      -860
      -12,263
      -178
      -161
      -132
      -12,283
       
      -1,228
      -645
      -36
      -962
       
      64
       
       
      -361
      9,143
      -5
      6,726
       
       
      6
      155
      38
      2,932
      -2,900
      11,339
       
      -231
      87
      -5,975
      -3,025
      1,427
      1,156
      -3,575
      40
      -478
      -77
      -511
      427,860
      56,284
      176,976
      135,693
      66,928
      170,138
      108,913
      11,382
      102,352
      133,931
      70,303
      60,155
      10,452
      -2,389
      -10,456
      -19,458
      -12,326
      9,720
      118
      -1,801
      9,679
       
       
       
      1,631
      -1,469
      -2,682
      9,276
      6,786
      33
      272
      3,905
      8,870
       
      136
      8
      296
      -1,906
       
      -915
      -1,630
       
       
       
      -920
      -475
      -98
      -427
      -1,123
      -1,573
       
      -4,011
      -3,551
      -4,022
      -3,647
      -3,292
       
      -848
      -686
      1,939
      -13,059
      -155,728
      45,194
      11,221
      22,945
      10,576
      60,480
      95,267
      68,615
      142,883
      52,017
      169,670
      26,633
      3,806
      2,157
      -2,256
      -2,398
      -296
      -16,092
      -444
      12
      93
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      867
      -141
      6,235
      2,384
      3,680
      9,010
      27
      5,107
      7,800
      73
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,047,557
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 45,873
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 45,873
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 45,873
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 44,709
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,200
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 51,909
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 85
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 5,951
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow5,951 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (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 arrowDE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowWILMINGTON TRUST Telephone no.right arrow (302) 651-1929

Located atright arrow1100 NORTH MARKET STWILMINGTONDE ZIP+4right arrow19890
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
Yes
 
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
 
No
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
Wilmington Trust TRUSTEE
2 		312,750    
1100 NORTH MARKET STREET
WILMINGTON,DE19890
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
50,872,761
b
Average of monthly cash balances.......................
1b
1,172,123
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
52,044,884
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
52,044,884
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
780,673
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
51,264,211
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,563,211
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
2,563,211
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
45,873
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
45,873
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,517,338
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,517,338
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,517,338
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
2,791,176
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
2,791,176
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 2,517,338
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 179,443
d From 2021...... 0
e From 2022...... 428,252
f Total of lines 3a through e ........ 607,695
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,791,176
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 2,517,338
e Remaining amount distributed out of corpus 273,838
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 881,533
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		881,533
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 179,443
c Excess from 2021.... 0
d Excess from 2022.... 428,252
e Excess from 2023.... 273,838
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or 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)
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

ORANGE COUNTY BAR FOUNDATION

PO BOX 11523
SANTA ANA,CA92711 		NONE PC GENERAL OPERATIONS FUND 826,142

UNIVERSITY OF SOUTHERN CALIFORNIA

1150 S OLIVE ST SUITE 2000
LOS ANGELES,CA90015 		NONE PC GENERAL OPERATIONS FUND 826,142

PRINCIPLES INC IMPACT DRUG &
ALCOHOL TREATMENT CENTER
PO BOX 93607 1680 N FAIR OAKS
PASADENA,CA91103 		NONE PC GENERAL OPERATIONS FUND 826,142
Total .................................right arrow 3a 2,478,426
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 ........... 		         
4 Dividends and interest from securities ....     14 949,026  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,047,557  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME 		900099 -391 14 342,511  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -391 3,339,094  
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,338,703
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 InvestmentsCorpBondsSchedule
Name:
JEFFREY CARLTON FOUNDATION 105848-000
EIN:
38-7095011
Name of Bond End of Year Book Value End of Year Fair Market Value
00206RMJ8 AT&T INC 29,545 29,669
00287YAQ2 ABBVIE INC 60,177 58,913
023135BR6 AMAZON.COM INC 14,995 13,530
023135BZ8 AMAZON.COM INC 117,114 103,477
023608AL6 AMEREN CORP 19,999 18,317
025537AR2 AMER ELEC PWR 34,919 32,484
025816CF4 AMERICAN EXPRESS CO 9,973 9,646
025816CQ0 AMERICAN EXPRESS CO 29,490 29,024
025816CV9 AMERICAN EXPRESS COM 24,998 24,808
02665WDZ1 AMERICAN HONDA MTN 78,799 78,095
031162CU2 AMGEN INC 29,756 26,604
031162DM9 AMGEN INC 24,984 25,051
031162DR8 AMGEN INC 49,810 51,262
046353AV0 ASTRAZENECA PLC 19,919 18,412
06051GJD2 BANK OF AMER MTN V-D 59,339 56,468
06051GJF7 BANK OF AMER MTN V-Q 57,027 49,084
06051GKJ7 BK OF AMER CORP V-D 20,000 18,527
06368LWT9 BANK MONT MTN CONV 90,000 91,408
06406RBT3 BANK OF NY MTN V-D 60,000 63,731
06417XAD3 BK NOVA SCO MTN CONV 65,523 64,463
06428CAC8 BANK OF AMERICA 60,000 60,737
07330MAB3 BRANCH BKG & TR 293,497 289,944
075887CL1 BECTON DICKINSON 114,947 100,001
075887CQ0 BECTON DICKINSON 49,991 50,213
097023CD5 BOEING CO 10,240 9,352
125523AG5 CIGNA CORP 26,091 24,684
125523CM0 CIGNA CORP 58,643 51,282
126117AW0 CNA FINANCIAL CORP 29,095 24,944
126650DM9 CVS HEALTH CORP 116,334 106,578
13607GLZ5 CANADIAN IMPERIAL BK 34,997 33,900
13607HR46 CAN IMPERIAL BK CONV 39,683 39,071
13607HR53 CAN IMPERIAL BK CONV 118,097 109,416
13607HYF3 CANADIAN IMP BK CONV 59,387 57,997
14040HCA1 CAPITAL ONE FINL CO    
14448CAP9 CARRIER GLOBAL 10,162 9,403
172967KU4 CITIGROUP INC 32,783 28,808
172967ND9 CITIGROUP INC V-D 10,000 9,621
17327CAN3 CITIGROUP INC V-D 25,000 24,023
20268JAB9 COMMONSPIRIT HEALTH 20,000 18,261
205887CF7 CONAGRA BRANDS 19,812 17,552
22822VBA8 CROWN CASTLE INC 19,982 19,922
23291KAH8 DH EUROPE FINANCE II 40,673 36,204
233331BC0 DTE ENERGY CO 24,671 23,366
24422EWJ4 JOHN DEERE CAPITAL 19,990 19,812
24524282 AMERICAN BEACON SIM H 1,400,000 1,428,507
25389JAU0 DIGITAL REALTY 14,973 14,066
26441CBL8 DUKE ENERGY COR 82,758 72,525
26442UAL8 DUKE ENERGY PROGRESS 29,949 24,756
31428XCD6 FEDEX CORP 14,951 12,911
316773DA5 FIFTH THIRD BANCORP 61,109 59,955
341081GP6 FLORIDA POWER & 29,961 30,195
361448AY9 GATX CORP 59,416 57,226
37045XCV6 GEN MOTORS FIN 19,990 19,404
37045XDG8 GEN MOTORS FIN 29,553 29,730
375558BF9 GILEAD SCIENCES INC 62,281 58,783
37940XAA0 GLOBAL PAYMENTS INC 49,528 48,450
38141GWQ3 GOLDMAN SACHS V-Q 20,001 19,662
38141GYL2 GOLDMAN SACHS GP 5 20,000 19,975
38141GZH0 GOLDMAN SACHS V-D 20,000 19,930
40414LAQ2 HCP INC 24,987 24,036
42225UAJ3 HEALTHCARE TRUST 25,012 24,253
42225UAK0 HEALTHCARE TRUST 49,710 46,082
437076CS9 HOME DEPOT INC 65,321 66,313
46625HJY7 JPMORGAN CHASE MTN 60,171 59,332
46647PBH8 JPMORGAN CHASE V-Q 25,287 24,019
478375AG3 JOHNSON CONTROLS 14,002 13,849
49326EEL3 KEYCORP MTN V-D 25,000 24,441
502431AF6 L3HARRIS TECH INC 9,973 9,037
548661DR5 LOWE'S COS INC 26,035 24,096
55903VBG7 WARNERMEDIA HLDGS 65,000 65,044
579780AQ0 MCCORMICK & CO 15,033 13,104
579780AR8 MCCORMICK & CO INC 24,934 23,015
592905749 METWEST UNCONSTRAINE 254,733 223,427
609207AZ8 MONDELEZ INT INC 19,952 19,842
6174468J1 MORGAN STNLY MTN V-Q 33,809 34,422
6174468V4 MORGAN STANLEY V-Q 116,895 110,402
6415960 BK NOVA SCOTIA CONV 0 24,978 24,303
665859AU8 NORTHERN TRUST CORP 28,554 28,248
665859AV6 NORTHERN TRUST CORP 53,221 51,558
68389XBT1 ORACLE CORP 30,014 29,001
68389XCD5 ORACLE CORP 24,936 22,779
693475AP0 PNC FINANCIAL 59,924 59,651
693475AW5 PNC FINANCIAL SVCS 4,992 4,734
693475BQ7 PNC FINANCIAL V-D 50,000 50,300
701094AQ7 PARKER-HANNIFIN 29,832 29,713
723787AQ0 PIONEER NAT RESOURCE 9,921 8,490
74340XBS9 PROLOGIS LP 24,852 20,201
744573AU0 PUBLIC SERVICE ENTER 34,180 29,439
776743AD8 ROPER TECHNOLOGIES 10,025 9,779
776743AJ5 ROPER TECH INC 19,800 16,978
78015K7C2 ROYAL BK CANADA MTN 24,974 24,370
78016EZT7 ROYAL BK CANADA MTN 117,894 109,776
79466LAJ3 SALESFORCE.COM INC 19,942 17,082
808513AQ8 CHARLES SCHWAB CORP 95,419 95,159
808513CG8 SCHWAB CHARLES CORP 19,983 20,513
822582BD3 SHELL INTERNATIONAL 34,239 34,311
824348BQ8 SHERWIN WILLIAMS CO 24,990 24,775
828807DM6 SIMON PROP GP INC 24,915 20,965
842587DH7 SOUTHERN CO 117,414 106,699
857477CB7 STATE STREET CRP V-D 19,854 20,021
883203BU4 TEXTRON INC 25,016 24,925
883203CB5 TEXTRON INC 26,180 22,383
89114QCB2 TORONTO-DOM MTN CONV 24,968 24,889
89114TZD7 TORONTO DOM BANK MTN 58,991 55,084
89236TKN4 TOYOTA MTR CRED MTN 35,009 35,008
906548CP5 UNION ELECTRIC CO 4,996 4,733
907818FX1 UNION PACIFIC CORP 19,919 17,743
91159HHW3 US BANCORP MTN 69,810 67,876
91159HJC5 US BANCORP MTN V-D 107,771 110,275
92277GAM9 VENTAS REALTY LP 90,025 85,988
92277GAT4 VENTAS REALTY LP 25,353 24,239
92343VGF5 VERIZON COMM INC 59,126 59,356
92343VGH1 VERIZON COMM INC 30,035 27,138
92939UAE6 WEC ENERGY GROUP INC 24,923 20,383
92939UAM8 WEC ENERGY GROUP INC 29,995 30,533
95000U2K8 WELLS FARGO MTN V-Q 20,000 19,248
95000U2V4 WELLS FARGO MTN V-D 20,000 19,080
95000U3E1 WELLS FARGO CO 45,000 45,948
95040QAG9 WELLTOWER INC 49,702 49,760
969457CH1 WILLIAMS COS INC 50,075 50,500
98956PAU6 ZIMMER BIOMET HOLD 15,000 14,463

TY 2023 InvestmentsCorpStockSchedule
Name:
JEFFREY CARLTON FOUNDATION 105848-000
EIN:
38-7095011
Name of Stock End of Year Book Value End of Year Fair Market Value
00762U200 ADVANTEST CORP SPONS 46,659 41,985
00783V104 ADYEN NV UNSPONS ADR 88,037 77,332
05523R107 BAE SYSTEMS PLC ADR 56,486 63,137
09250J734 BLACKROCK EVENT DRIV 1,284,474 1,316,322
136385101 CANADIAN NATURAL RES 39,276 38,526
13646K108 CANADIAN PACIFIC KAN 65,127 104,043
20449X401 COMPASS GROUP PLC SP 40,757 40,185
22544R305 CREDIT SUISSE COMDTY 716,000 729,150
29414B104 EPAM SYSTEMS INC 60,126 41,628
3.0050999999 EVOLUTION AB UNSP 73,007 50,988
30215C101 EXPERIAN GROUP LTD-S 36,509 51,169
367829777 GATEWAY FUND CLASS N 1,840,000 2,158,139
45104G104 ICICI BANK LIMITED S 50,170 53,783
46353108 ASTRAZENECA GROUP PLC 59,894 59,942
464287598 ISHARES RUSSELL 1000 1,430,434 2,236,824
464287622 ISHARES RUSSELL 1000 1,004,545 2,282,187
464287655 ISHARES RUSSELL 2000 1,408,761 1,971,574
464288877 ISHARES MSCI EAFE VA 1,844,666 1,963,180
46432F339 ISHARES MSCI USA QUA 994,792 1,279,235
46432F388 ISHARES MSCI USA VAL 608,783 816,159
46432F842 ISHARES CORE MSCI EA 680,111 760,765
46434G103 ISHARES CORE MSCI EM 1,441,121 1,752,496
46434V647 ISHARES GLOBAL REIT 683,031 800,527
49255706 ATLAS COPCO AB SPONSO 20,273 44,608
49468101 ATLASSIAN CORPORATION 85,165 86,105
502117203 L'OREAL SA UNSPONS A 48,824 52,687
502441306 LVMH MOET HENNESSY - 26,362 54,421
58733R102 MERCADOLIBRE INC 76,645 83,292
641069406 NESTLE SA SPONSORED 49,005 58,856
670100205 NOVO-NORDISK A/S SPO 55,302 105,519
786584102 SAFRAN SA UNSPONSORE 57,880 58,340
80687P106 SCHNEIDER ELECTRIC S 31,924 42,684
81369Y860 REAL ESTATE SELECT S 158,099 187,641
884903808 THOMSON REUTERS CORP 36,688 44,012
92204A108 VANGUARD CONSUMER DI 318,905 785,434
92204A207 VANGUARD CONSUMER ST 312,753 406,172
92204A306 VANGUARD ENERGY ETF 203,350 279,478
92204A405 VANGUARD FINANCIALS 584,386 957,198
92204A504 VANGUARD HEALTH CARE 476,953 886,726
92204A603 VANGUARD INDUSTRIALS 348,381 674,295
92204A702 VANGUARD INFORMATION 439,092 1,933,096
92204A801 VANGUARD MATERIALS E 85,708 172,086
92204A876 VANGUARD UTILITIES E 134,240 151,599
92204A884 VANGUARD COMMUNICATI 436,869 600,041
94106B101 WASTE CONNECTIONS IN 41,998 46,423
G0403H108 AON PLC 49,286 63,151
G0450A105 ARCH CAPITAL GROUP L 46,258 49,241
G1151C101 ACCENTURE PLC- CL A 41,905 64,217
G3421J106 FERGUSON PLC 49,394 64,099
G4705A100 ICON PLC 61,756 89,450
G54950103 LINDE PLC 41,926 51,339
G8473T100 STERIS PLC 29,828 50,126
H42097107 UBS GROUP AG 45,579 45,114
N07045102 ASM INTERNATIONAL NV 27,727 44,651
N07059210 ASML HOLDING N.V. AD 19,757 80,234
N3167Y103 FERRARI NV 33,559 74,455

TY 2023 InvestmentsGovtObligationsSch
Name:
JEFFREY CARLTON FOUNDATION 105848-000
EIN:
38-7095011
US Government Securities - End of Year Book Value:

7,915,457
US Government Securities - End of Year Fair Market Value:

7,745,910
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
JEFFREY CARLTON FOUNDATION 105848-000
EIN:
38-7095011
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SEE ATTACHED      

TY 2023 OtherAssetsSchedule
Name:
JEFFREY CARLTON FOUNDATION 105848-000
EIN:
38-7095011
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
99A724170 COMMONFUND CAPITAL V   218,956 582,863
99G792HD1 COMMONFUND CAPITAL V   271,532 875,941
99J791FM2 COMMONFUND CAPITAL I   141,984 187,549
99U791920 COMMONFUND CAPITAL P   0 256,806
99Y800EV5 KKR SPECIAL SITUATIO   361,911 379,919
99Y800EX1 KKR LENDING PARTNERS   419,026 286,964
99Y801FD2 BLACKROCK PRIVATE OP   214,892 1,297,303
99Y809KC1 LLR EQUITY PARTNERS   1,034,463 2,027,821
99Y810MO1 CERBERUS GLOBAL NPL   642,120 1,192,841
99Y815KH7 ONE ROCK CAPITAL PAR   1,181,690 1,783,600
99Y815MS1 MONARCH CAPITAL PART   1,206,485 1,515,370
99Y817DA6 LLR EQUITY PARTNERS   564,778 619,758
99Y822IW3 TCG 3.0-B LP   687,232 583,344
99Y824XI3 FORESITE CAPITAL FUN   259,627 244,924


TY 2023 OtherDecreasesSchedule
Name:
JEFFREY CARLTON FOUNDATION 105848-000
EIN:
38-7095011
Description Amount
2023 TRANSACTION POSTED IN 2024 14,778
AI EFFECTIVE AFTER TAX YEAR 1,514
ADJUSTMENT TO INCOME 50
PARTNERSHIP K-1 INCOME ADJUSTMENT 342,120


TY 2023 OtherExpensesSchedule
Name:
JEFFREY CARLTON FOUNDATION 105848-000
EIN:
38-7095011
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE 612 612   0


TY 2023 OtherIncomeSchedule2
Name:
JEFFREY CARLTON FOUNDATION 105848-000
EIN:
38-7095011
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 342,120 342,120  


TY 2023 OtherIncreasesSchedule
Name:
JEFFREY CARLTON FOUNDATION 105848-000
EIN:
38-7095011
Description Amount
2022 TRANSACTION POSTED IN 2023 6,333
AI POSTING DATE BEFORE TAX YEAR 3,678
PARTNERSHIP COST BASIS ADJUSTMENT 445,456
2022 SALES POSTED IN 2023 15,619
2023 SALES POSTED IN 2024 142
BASIS ADJUSTMENT 30,827


TY 2023 OtherProfessionalFeesSchedule
Name:
JEFFREY CARLTON FOUNDATION 105848-000
EIN:
38-7095011
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 10,020 10,020    


TY 2023 TaxesSchedule
Name:
JEFFREY CARLTON FOUNDATION 105848-000
EIN:
38-7095011
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,373 1,373   0
FEDERAL ESTIMATES - PRINCIPAL 13,881 0   0
FOREIGN TAXES ON QUALIFIED FOR 11,534 11,534   0
FOREIGN TAXES ON NONQUALIFIED 8,361 8,361   0