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
Kalscheur Family 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

39-6681490
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$16,372,605J 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) 250,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 8,602 8,602  
4 Dividends and interest from securities... 311,022 311,022  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 88,069
b Gross sales price for all assets on line 6a 3,428,085
7 Capital gain net income (from Part IV, line 2)... 88,069
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
113 113  
12 Total. Add lines 1 through 11........ 657,806 407,806  
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).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
128,974 128,974    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,282 482    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
45,122 907   44,215
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 178,378 130,363   44,215
25 Contributions, gifts, grants paid....... 241,727 241,727
26 Total expenses and disbursements. Add lines 24 and 25 420,105 130,363   285,942
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 237,701
b Net investment income (if negative, enter -0-) 277,443
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......... 670,898 900,336 900,336
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 792,279 Click to see attachment
List of Attached Documents:
// Content
941,150 		883,048
b Investments—corporate stock (attach schedule)....... 11,586,117 Click to see attachment
List of Attached Documents:
// Content
11,819,986 		13,276,391
c Investments—corporate bonds (attach schedule)....... 1,749,431 Click to see attachment
List of Attached Documents:
// Content
1,375,954 		1,312,830
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,798,725 15,037,426 16,372,605
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 14,798,725 15,037,426
29 Total net assets or fund balances (see instructions)..... 14,798,725 15,037,426
30 Total liabilities and net assets/fund balances (see instructions). 14,798,725 15,037,426
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
14,798,725
2
Enter amount from Part I, line 27a .....................
2
237,701
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,000
4
Add lines 1, 2, and 3 ..........................
4
15,037,426
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
15,037,426
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
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,428,085   3,340,016 88,069
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       88,069
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 88,069
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 3,856
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 3,856
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 3,856
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 3,810
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 300
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,110
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 2
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 10 252
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow252 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowWI
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Scott A Kalscheur Co-Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Steven J Kalscheur Co-Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Amy Lanham Co-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
Morgan Stanley Investment Mgmt 128,974
8215 GREENWAY BLVD STE 400
MIDDLETON,WI53562
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
14,332,588
b
Average of monthly cash balances.......................
1b
749,421
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
15,082,009
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
15,082,009
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
226,230
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,855,779
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
742,789
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
742,789
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,856
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,856
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
738,933
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
738,933
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
738,933
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
285,942
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
285,942
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 7 738,933
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
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...... 55,796
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 55,796
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 285,942
a Applied to 2022, but not more than line 2a  
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..... 285,942
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 55,796 55,796
(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  
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 .......... 		397,195
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 ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
Steven J Kalscheur
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

ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI

2820 WALTON COMMONS STE 132
MADISON,WI53718 		N/A PC Wisconsin Alzheimer's fund 10,000

ATTIC ANGEL ASSOCIATION

8301 OLD SAUK RD
MIDDLETON,WI53562 		N/A PC General & Unrestricted 5,000

BADGER HONOR FLIGHT INCORPORATED

PO BOX 258066
MADISON,WI53725 		N/A PC General & Unrestricted 10,000

BLACKHAWK EVANGELICAL FREE CHURCH INC

9620 BRADER WAY
MIDDLETON,WI53562 		N/A PC General & Unrestricted 5,000

CHRIST MEMORIAL LUTHERAN CHURCH

2833 RARITAN RD
FITCHBURG,WI53711 		N/A PC General & Unrestricted 10,000

CHRIST MEMORIAL LUTHERAN CHURCH

2833 RARITAN RD
FITCHBURG,WI53711 		N/A PC pre-school fund 10,000

CROSS PLAINS VOLUNTEER FIREFIGHTER CORPORATION

1501 BOURBON RD
CROSS PLAINS,WI53528 		N/A PC General & Unrestricted 2,000

CROSS PLAINS-BERRY EMERGENCY MEDICAL SERVICE

PO BOX 152
CROSS PLAINS,WI53528 		N/A PC General & Unrestricted 2,000

DUGOUT CLUB INC

5719 STEEPLECHASE DR
WAUNAKEE,WI53597 		N/A PC General & Unrestricted 1,227

EDGEWOOD HIGH SCHOOL

2219 MONROE ST
MADISON,WI53711 		N/A PC General & Unrestricted 20,000

ENERGY SERVICES INC

1225 S PARK ST
MADISON,WI53715 		N/A PC General & Unrestricted 10,000

FRIENDS OF PBS WISCONSIN INC

821 UNIVERSITY AVE
MADISON,WI53706 		N/A PC General & Unrestricted 1,000

GILDAS CLUB MADISON WISCONSIN INC

7907 UW HEALTH CT
MIDDLETON,WI53562 		N/A PC General & Unrestricted 5,000

GREEN BERET FOUNDATION

15618 SUMMIT PARK DR STE 801
MONTGOMERY,TX77356 		N/A PC General & Unrestricted 5,000

HABITAT FOR HUMANITY INTERNATIONAL INC

6201 ODANA RD
MADISON,WI53719 		N/A PC General & Unrestricted 2,000

HOME OF OUR OWN

W6159 LEGLER VALLEY RD
NEW GLARUS,WI53574 		N/A PC General & Unrestricted 2,000

LOGAN JAMES HERR FOUNDATION INC

PO BOX 259881
MADISON,WI53725 		N/A PC General & Unrestricted 1,000

MARK OSIECKIS CASTING FOR KIDS INC

1233 SCENIC RIDGE DR
VERONA,WI53593 		N/A PC General & Unrestricted 1,500

MIDDLETON EMS INC

2020 PARMENTER ST
MIDDLETON,WI53562 		N/A PC General & Unrestricted 2,000

MIDDLETON FIRE DISTRICT

7600 UNIVERSITY AVE
MIDDLETON,WI53562 		N/A GOV General & Unrestricted 2,000

MONROE CLINIC AND HOSPITALFOUNDATION

515 22ND AVE
MONROE,WI53566 		N/A PC General & Unrestricted 5,000

MOUNT HOREB AREA JOINT FIRE DEPARTMENT

400 BLUE MOUNDS ST
MOUNT HOREB,WI53572 		N/A GOV General & Unrestricted 2,000

NATIONAL KIDNEY FOUNDATION OF WISCONSIN INC

10909 W GREENFIELD AVE STE 201
WEST ALLIS,WI53214 		N/A PC General & Unrestricted 10,000

OREGON AREA FIRE AND EMS ASSOCIATION INC

131 SPRING ST
OREGON,WI53575 		N/A PC General & Unrestricted 5,000

OREGON AREA FOOD PANTRY INC

107 N ALPINE PKWY
OREGON,WI53575 		N/A PC General & Unrestricted 7,000

PROFESSIONAL FIRE FIGHTERS OF WISCONSIN CHARITABLE

321 E MAIN ST STE 200
MADISON,WI53703 		N/A PC General & Unrestricted 5,000

RONALD MCDONALD HOUSE OF CHARITIES OF MADISON INC

2716 MARSHALL CT
MADISON,WI53705 		N/A PC General & Unrestricted 2,000

ST JUDE CHILDRENS RESEARCH HOSPITAL INC

501 ST JUDE PL
MEMPHIS,TN38105 		N/A PC General & Unrestricted 10,000

ST MARYS OF PINE BLUFF CATHOLIC CHURCH

3673 COUNTY RD P
CROSS PLAINS,WI53528 		N/A PC General & Unrestricted 2,000

THE INTERNATIONAL WALDENSTROMS MACROGLOBULINEMIA F

6144 CLARK CENTER AVE
SARASOTA,FL34238 		N/A PC General & Unrestricted 10,000

WISCONSIN 4-H FOUNDATION INC

702 LANGDON ST
MADISON,WI53706 		N/A PC General & Unrestricted 20,000

WISCONSIN AMERICAN LEGION FOUNDATION INC

PO BOX 388
PORTAGE,WI53901 		N/A PC General & Unrestricted 8,000

WISCONSIN AMPUTEE GOLF ASSOCIATION INC

PO BOX 28441
GREEN BAY,WI54324 		N/A PC General & Unrestricted 1,000

WISCONSIN REGIONAL TRAINING CENTER INC

PO BOX 5583
MADISON,WI53705 		N/A PC General & Unrestricted 10,000

WISCONSIN VFW FOUNDATION INC

PO BOX 242
CAMP DOUGLAS,WI54618 		N/A PC General & Unrestricted 18,000

YOUNG LIFE

820 MAIN ST STE 200
LOUISVILLE,CO80027 		N/A PC General & Unrestricted 20,000
Total .................................right arrow 3a 241,727
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 8,602  
4 Dividends and interest from securities ....     14 311,022  
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 88,069  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aCLASS ACTION LAWSUIT PROCEEDS 		    01 113  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   407,806  
13Total. Add line 12, columns (b), (d), and (e)..................
13
407,806
(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
Kalscheur Family Foundation
 
Employer identification number

39-6681490
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
Kalscheur Family Foundation
  		Employer identification number
39-6681490
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
Kalscheur Steven J
3701 County Rd J
 
Cross Plains, WI53528

$ 250,000


(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
Kalscheur Family Foundation
  		Employer identification number

39-6681490
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
Kalscheur Family Foundation
  		Employer identification number

39-6681490
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


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TY 2023 DepreciationSchedule
Name:
Kalscheur Family Foundation
EIN:
39-6681490
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

TY 2023 InvestmentsCorpBondsSchedule
Name:
Kalscheur Family Foundation
EIN:
39-6681490
Name of Bond End of Year Book Value End of Year Fair Market Value
AMAZON INC - 2.100% - 05/12/20 47,979 42,264
AT&T, INC - 2.550% - 12/01/203 43,865 43,239
BANK AMER CORP MTN - 2.884% - 47,796 40,852
CITIGROUP INC NOTE - 3.668% - 46,202 41,963
COMCAST CORP NOTE - 4.150% - 1 46,503 40,464
CVS CAREMARK CORP NOTE - 4.300 46,865 40,352
ENTERPRISE PRODUCTS OPERTATING 46,480 43,604
GOLDMAN SACHS - 3.800% - 03/15 48,318 40,446
JP MORGAN CHASE BANK - 4.203% 61,444 54,466
MANUFACTURERS & TRADERS TRUST 250,001 249,662
MORGAN STANLEY - 5.100% - 12/0 200,000 199,922
SHELL INT'L FINANCE - 2.875% - 45,901 42,369
U.S BANK NATIONAL ASSOCIATION 100,000 99,944
VERIZON COMMUNICATIONS - 4.125 48,394 41,413
WELLS FARGO & CO - 5.050% - 02 250,001 249,912
WELLS FARGO - 3.584% - 05/22/2 46,205 41,958

TY 2023 InvestmentsCorpStockSchedule
Name:
Kalscheur Family Foundation
EIN:
39-6681490
Name of Stock End of Year Book Value End of Year Fair Market Value
3I GROUP PLC ADR 5,387 5,645
ACADIA HEALTHCARE CO INC 6,681 8,787
ACCENTURE PLC 31,263 33,728
ACCURAY INCORPORATED 2,891 1,701
ADEIA INC 3,709 3,915
ADOBE SYSTEMS, INC 37,601 52,869
AERCAP HOLDING N.V 7,013 8,993
AES CORP 83,483 73,862
AGILENT TECHNOLOGIES INC 9,647 10,899
AIA GROUP LTD ADR 24,974 20,594
AIRBUS GROUP 15,508 19,864
ALARM.COM HOLDINGS INC 7,429 6,204
ALCON INC 43,729 48,591
ALLETE INC 1,658 1,925
ALPHABET INC CL A 198,049 268,065
AMADEUS IT HLDS SA 18,741 24,003
AMAZON COM 133,812 145,407
AMER INTERNATIONAL GROUP INC 40,635 57,317
AMERICAN TOWER REIT INC 37,832 35,836
AMNEAL PHARMACEUTICALS INC 2,327 3,011
ANALOG DEVICES INC 17,938 22,834
ANSYS INC 18,301 20,462
APPFOLIO INC CLASS A 13,629 21,309
APPLE INC 36,658 57,181
APPLIED MATERIALS INC 29,058 46,028
APTIV PLC 13,141 10,677
ARCH CAPITAL GROUP LTD 31,626 59,936
ARCOSA INC 3,894 5,015
ARGENX SE 20,642 15,522
ASML HOLDING NV NY REG SHS 44,799 68,669
ASTRAZENECA 36,569 36,167
ATLAS COPCO AB A SHS ADR 18,798 22,631
ATLASSIAN CORP CL A 19,882 38,533
ATMOS ENERGY CORP 1,635 1,772
ATRICURE, INC. 4,475 2,855
ATRION CORPORATION 10,981 7,567
AVANOS MEDICAL, INC. 3,231 1,884
AVERY DENNISON CORP 116,607 138,682
BABCOCK & WILCOX ENTERPRISES I 3,944 813
BANC OF CALIFORNIA INC 1,092 980
BANK OF AMERICA CORP 69,354 74,074
BANKUNITED, INC 4,686 3,665
BARRICK GOLD CORPORATION 76,911 68,688
BAXTER INTERNATIONAL INC 83,248 48,518
BERKSHIRE HATHAWAY INC. CLASS 82,451 136,957
BIO TECHNE CORPORATION 40,238 36,265
BLACKLINE INC 6,431 4,723
BLACKROCK INC 47,216 64,132
BLOOM ENERGY CORP 3,803 2,427
BOOKING HOLDINGS INC 67,645 131,247
BOX INC 2,089 2,382
BRAMBLES LTD UNSP AD 14,121 15,639
BREAD FINANCIAL HOLDINGS 2,774 1,482
BRIGHT HORIZONS FAMILY SOLUTIO 7,643 5,640
BRISTOL-MYERS SQUIBB CO 61,944 54,645
CADENCE DESIGN SYSTEMS INC 13,706 27,111
CALERES INC 1,903 2,489
CANADIAN PACIFIC RAILWAY LTD 31,511 34,312
CANNAE HOLDINGS INC 952 878
CARLISLE COS INC 79,648 105,289
CARMAX INC 128,447 113,959
CARRIER GLOBAL 79,533 103,123
CASELLA WASTE SYSTEMS INC 3,625 3,556
CATERPILLAR INC 25,666 39,324
CBRE GROUP 27,185 34,164
CDW CORP 54,115 70,469
CENTENE CORP 42,677 50,537
CEVA INC 2,015 1,453
CHARLES RIV LABORATORIES INTL 12,071 12,490
CHARLES SCHWAB CORP 115,971 159,754
CHATHAM LODGING TRUST 1,014 879
CHEVRON CORP 29,887 42,511
CHEWY INC 12,053 8,530
CHILDREN'S PLACE 3,447 1,277
CHIPOTLE MEX GRILL 18,009 27,444
CIENA CORP 9,205 8,057
CIGNA CORPORATION 54,346 79,953
CISCO SYSTEMS INC 57,390 60,371
CITIGROUP INC 60,471 51,852
CLEAN HARBORS, INC 2,802 5,061
CLIFFS NATURAL RESOURCES INC. 6,542 7,780
CNX RESOURCES CORP 2,246 3,260
COGNYTE SOFTWARE LTD 7,997 2,874
COHERENT CORP COM 4,027 3,378
COMERICA INC 4,238 3,447
COMPASS GROUP PLC ADR 10,346 13,822
COMPUTERSHARE LTD ADR 11,100 11,148
CONDUENT INC 7,712 4,464
CORE AND MAIN INC 7,911 10,749
CORNING INC 78,654 63,823
COSTAR GROUP, INC 12,628 14,856
CRH PLC - AMERICAN DEPOSITARY 22,069 28,840
CRITEO SA 11,562 8,609
CROWDSTRIKE HOLDINGS, INC 2,653 5,317
CROWN HOLDINGS INC 9,635 9,209
CRYOPORT INC 3,942 1,549
CSX CORP 32,978 38,934
CYTOSORBENTS CORP 1,780 473
DAIICHI SANKYO CO LTD SPONSORE 24,556 22,509
DANAHER CORP 32,391 39,096
DEUTSCHE BOERSE ADR 25,242 29,626
DEUTSCHE TELE AG ADS 27,108 35,085
DEVON ENERGY CORPORATION 4,405 6,387
DIAGEO PLC ADS 20,978 22,869
DOLLAR GENERAL CORP 91,066 88,775
DOLLAR TREE INC 57,248 86,651
DOUGLAS DYNAMICS INC 12,324 8,696
DRIL QUIP INC 2,365 1,629
DYNATRACE 23,171 26,634
EAGLE MATERIALS INC 6,231 8,378
EATON CORP PLC 34,183 65,172
ECOLAB INC 51,110 50,381
EDENRED SA 3,408 3,059
EDP-ELECTRICIDADE DE PORTUGAL 29,867 29,426
EDWARDS LIFESCIENCES 40,732 40,489
ELI LILLY & CO 6,627 12,241
EMCORE CORPORATION 1,738 369
ENDAVA PLC 23,318 21,642
ENERPAC TOOL GROUP 2,752 3,233
ENTEGRIS INC 730 959
ENVIRI CORPORATION 6,165 3,843
EQUINIX, INC 12,848 16,913
ESSILOR INTL ADR 23,289 24,118
ESTEE LAUDER COMPANIES INC 19,552 14,771
EVERTEC INC 5,333 5,854
EXPONENT, INC 7,963 6,955
F M C CP 76,629 46,216
FASTENAL COMPANY 12,988 17,812
FERGUSON PLC 104,582 163,337
FIRST ENERGY CORP 78,733 81,239
FLOOR AND DECOR HOLDINGS 14,533 19,746
FORTIVE CORPORATION 24,034 25,844
FREEPORT-MCMORAN COPPER & GOLD 56,281 75,775
FRESENIUS MED CAR AG 95,013 54,866
GALLAGHER ARTHUR J & CO 14,286 13,669
GARTNER INC 19,978 26,495
GIVAUDAN SA UNSP/ADR 17,014 20,272
GOOSEHEAD INSURANCE INC 14,338 24,787
GRAINGER W W INC 11,869 26,086
GUIDEWIRE SOFTWARE INC 28,388 32,494
HAEMONETICS CP 2,920 4,276
HALEON PLC 22,641 24,748
HAMILTON LANE INC 9,154 12,252
HEALTHEQUITY INC 8,417 8,221
HEICO CP CL A 27,473 33,473
HONG KONG EX&CL UNSP/ADR 14,808 13,152
HOYA CORP SPONS ADR 17,855 20,546
HUMANA INC 46,645 53,106
HUNTINGTON BANCSHARES INC 3,574 3,129
IBERDROLA ADR 12,266 13,808
IDEXX CORP 21,930 27,578
ILLUMINA INC COM 30,203 12,392
INDIE SEMICONDUCTOR INC 853 1,071
INDUSTRIA DE DISENO 28,536 42,554
INFINERA CORPORATION 3,001 1,610
INNOVIZ TECHNOLOGIES LTD 1,763 886
INTEGRA LIFESCIENCES HOLDINGS 1,705 1,743
INTEL CORP 7,593 11,357
INTERCONTINENTAL EXCHANGE, INC 4,821 5,704
INTERNATIONAL GAME TECHNOLOGY 6,635 9,128
INTESA SANPAOLO SPA 15,912 17,137
INTUIT 43,303 71,253
INTUITIVE SURGICAL 21,477 30,283
ISHARES S&P SMALLCAP 600 VALUE 126,290 124,818
ITRON INC 5,794 4,757
JOHN BEAN TECH CORP 8,255 6,166
JP MORGAN CHASE 53,714 66,169
KADANT INC 4,646 6,532
KAR AUCTION SERVICES INC 4,311 3,836
KBR INC 7,125 10,085
KERING UNSPON ADR EA REPR 0.1 17,712 13,272
KINSALE CAPITAL GROUP INC 11,404 14,663
KONINKLIJKE PHILIPS ELECTRONIC 112,756 77,712
KYNDRYL HOLDINGS INC 7,388 9,663
L'OREAL ADR 15,625 22,765
LEGRAND INC 14,231 18,773
LEMAITRE VASCULAR, INC 4,443 5,165
LINDE PLC COM 19,694 29,982
LIONS GATE ENTERTAINMENT CORP 6,549 5,788
LONDON STK EXCHANGE GROUP 40,903 49,489
LOWES COMPANIES INC 53,271 69,881
LVMH MOET HENN UNSP 30,133 46,136
MA COM TECHNOLOGY SOLUTIONS HO 7,378 10,503
MANHATTAN ASSOCIATES INC 4,262 7,292
MARATHON PETROLEUM CORP 22,559 64,388
MARKEL CORP 17,549 21,120
MARKFORGED HOLDING CORP 1,848 708
MARSH AND MCLENNAN COMPANIES I 14,855 17,095
MARVELL TECHNOLOGY, INC 20,359 26,898
MASCO CORP 74,638 124,583
MEDPACE HOLDINGS, INC 4,751 8,889
MERCURY COMPUTER SYSTEMS 3,192 2,231
META PLATFORMS INC 36,134 53,802
METLIFE INC 39,479 51,052
MICRON TECHNOLOGY 94,124 138,080
MICROSOFT CORP 101,102 157,937
MOLINA HEALTHCARE 4,900 7,588
MONOLITHIC POWER SYSTEMS, INC 16,548 32,391
MONOTARO CO., LTD 6,823 3,805
MONSTER BEVERAGE CORP 13,964 18,493
MOODYS CORP 12,813 17,187
MORGAN STANLEY 36,492 44,947
MORNINGSTAR, INC 5,003 6,406
MSCI INC 22,072 29,976
MURPHY USA INC 8,564 10,829
N J RESOURCES CP 1,645 1,793
NESTLE S.A 48,570 49,721
NETFLIX INC 31,246 35,561
NEW WORLD FUND, INC (F2) 269,268 229,740
NEXTERA ENERGY, INC 13,534 11,115
NICE SYSTEMS LTD 18,167 11,971
NIKE INC-CL B 49,583 39,737
NLIGHT INC 1,095 1,296
NOMURA RESEARCH INST LTD 9,579 9,880
NORTHERN TRUST CORPORATION 91,913 83,199
NORTHWESTERN CORP 1,652 1,735
NOVANTA INC 9,485 11,857
NOVO NORDISK A S 26,707 68,277
NVIDIA CORP 38,641 124,300
OIL STATES INTL INC 1,580 1,480
OLD DOMINION FREIGHT LINE 12,318 21,482
OLYMPUS CORP 30,796 22,885
OMNICOM GROUP 65,944 80,887
ONESPAN INC 3,946 1,672
ORASURE TECHNOLOGIES INC 2,420 2,042
ORMAT TECHNOLOGIES 7,591 7,200
OSI SYSTEMS, INC 2,944 4,001
PALO ALTO NETWORKS INC 10,983 30,668
PATTERSON COMPANIES INC COM 3,428 3,158
PATTERSON-UTI ENERGY INC 1,524 1,598
PAYPAL HOLDINGS, INC 32,252 13,387
PERIMETER SOLUTIONS ORD SHS 7,067 3,823
PG & E CORP 54,848 92,241
PHILIP MORRIS INTL 57,554 63,222
PORTLAND GEN ELEC 1,649 1,793
PROCORE TECHNOLOGIES INC 7,898 6,368
PROGRESSIVE CORP OHIO 48,901 78,525
QUALCOMM INC 57,555 64,360
QUANTUM CORPORATION 5,624 307
QURATE RETAIL INC QVC GROUP 41,484 3,161
RADWARE LTD 3,094 2,068
RAMBUS, INC 3,070 9,487
RAYTHEON TECHNOLOGIES CORP 57,317 63,610
RELX PLC 19,910 28,317
RENTOKIL INITIAL PLC SPON ADR 20,745 19,426
REPLIGEN CORP 24,607 28,408
RESIDEO TECHNOLOGIESINC COM 11,298 7,321
RIBBON COMMUNICATIONS INC 5,434 3,758
RLJ LODGING TRUST 1,596 1,336
S&P GLOBAL INC COM 16,999 23,709
SAFRAN SA - UNSPON ADR 24,656 30,053
SALESFORCE.COM 20,217 23,895
SANDVIK AB SPONS ADR 6,416 7,371
SAP AKTIENGESELL ADS 88,176 118,416
SBA COMMUNICATIONS CORP 6,503 6,342
SCHLUMBERGER LTD 31,079 50,739
SEAWORLD ENTERTAINMENT INC 2,609 2,747
SEMTECH CORPORATION 2,106 2,344
SERVICE NOW 28,968 41,718
SHERWIN-WILLIAMS CO 17,057 20,585
SHISEIDO CO LTD 21,217 11,445
SHOPIFY INC 11,641 15,892
SIMPSON MANUFACTURING CO INC 3,727 6,430
SITEONE LANDSCAPE SUPPLY INC 18,302 19,175
SMC CORPORATION 18,179 20,159
SMITH & NEPHEW PLC ADR 86,002 62,662
SONY GROUP CORP 136,620 171,294
SOUTHWEST AIRLINES 67,128 47,305
SPLUNK INC 6,784 8,634
SPROUT SOCIAL INC 23,457 22,917
STANDARD BIOTOOLS INC 2,315 1,459
STERICYCLE INC 6,098 4,807
STRATASYS, INC 7,963 5,569
STRAUMANN HLDG 10,525 13,335
STRYKER CORPORATION 12,875 17,338
SUNCOR ENERGY INC 25,858 23,966
SYSCO CORP 86,369 88,195
TARGET CORPORATION 15,212 17,660
TECHNIPFMC PLC 28,483 69,463
TELEDYNE TECH INC 3,223 3,570
TEMPUR PEDIC INTERNATIONAL INC 3,396 4,689
TERADATA CORPORATION 46,604 50,994
TESLA MOTORS INC 5,856 9,442
TETRA TECHNOLOGIES 2,242 2,680
TEXAS CAPITAL BANCSHARES, INC 6,913 5,170
THE BLACKSTONE GROUP INC CL A 25,345 29,195
THE DESCARTES SYSTEMS GROUP 4,596 6,052
THE HAIN CELESTIAL GROUP, INC 5,693 2,245
THE ODP CORPORATION 3,738 4,617
THERMO FISHER SCIENTIFIC INC 50,156 59,979
THOMSON REUTERS CORPORATION 11,749 22,372
TJX COMPANIES INC 24,416 36,774
TOKYO ELECTRON LTD 33,089 43,532
TRANSDIGM GRP INC 13,338 22,067
TREEHOUSE FOODS INC 4,922 3,896
TRUPANION INC 10,213 3,966
TWIN DISC, INCORPORATED 1,219 1,438
TYLER TECHNOLOGIES, INC 5,833 5,436
UBER 37,457 49,564
UNDER ARMOUR INC CL C 1,650 1,971
UNILEVER PLC AMER 85,328 75,241
UNION PACIFIC 13,696 14,760
UNISYS CP 10,585 2,984
UNITED PARCEL SERVICE 12,507 11,941
UNITEDHEALTH GROUP INC 127,630 206,903
UTZ BRANDS 19,248 19,699
VANGUARD GROWTH ETF 354,601 485,283
VANGUARD MID-CAP VALUE INDEX 518,711 585,404
VANGUARD SMALL-CAP GROWTH ETF 137,756 123,544
VANGUARD VALUE ETF 443,268 541,937
VAREX IMAGING CORPORATION 2,124 1,927
VARONIS SYSTEMS INC 1,392 3,170
VEECO INSTRUMENTS INC 6,997 9,774
VEEVA SYSTEMS INC 27,019 25,220
VERALTO CORPORATION 31,597 35,454
VERINT SYSTEMS INC 5,467 3,054
VERISK ANALYTICS, INC 19,678 26,275
VERIZON COMMUNICATIONS 125,429 91,423
VIASAT, INC. 8,853 6,568
VIAVI SOLUTIONS INC 4,132 2,870
VISA INC 79,083 101,016
VISTRA ENERGY CORP 3,920 8,166
VULCAN MATERIALS CO 20,422 26,787
WASTE CONNECTIONS 15,109 21,495
WD-40 COMPANY 5,727 6,922
WELLS FARGO & CO 50,162 74,371
WEST PHARMA SVCS INC 20,265 26,761
WESTERN ASSET SMASH SERIES C F 264,656 266,387
WESTERN ASSET SMASH SERIES EC 975,892 758,991
WESTERN ASSET SMASH SERIES M F 454,705 350,341
WILLIAMS COS 43,943 68,371
WILLSCOT MOBILE MINI CL A 26,744 32,841
WIX COM LTD 2,237 3,937
WNS (HOLDINGS) LIMIT 31,544 25,406
WORKDAY INC 16,112 18,220
WORKIVA INC 12,688 12,285
XPERI INC 5,491 2,843
ZIMVIE ORD SHS 845 1,846
ZOETIS INC 14,776 18,279

TY 2023 InvestmentsGovtObligationsSch
Name:
Kalscheur Family Foundation
EIN:
39-6681490
US Government Securities - End of Year Book Value:

941,150
US Government Securities - End of Year Fair Market Value:

883,048
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 OtherExpensesSchedule
Name:
Kalscheur Family Foundation
EIN:
39-6681490
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 44,215     44,215
Bank Charges 907 907    


TY 2023 OtherIncomeSchedule2
Name:
Kalscheur Family Foundation
EIN:
39-6681490
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Class Action Lawsuit Proceeds 113 113  


TY 2023 OtherIncreasesSchedule
Name:
Kalscheur Family Foundation
EIN:
39-6681490
Description Amount
CORRECTION OF TAXABLE EXPENDITURE 1,000


TY 2023 OtherProfessionalFeesSchedule
Name:
Kalscheur Family Foundation
EIN:
39-6681490
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 128,974 128,974    


TY 2023 TaxesSchedule
Name:
Kalscheur Family Foundation
EIN:
39-6681490
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
4720 Extension for 2022 200      
990-PF Estimated Tax for 2023 3,600      
Foreign Tax Paid 482 482