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
SAUL FOUNDATION FOR PROGRESS INC
C/O NIXON PEABODY LLP
Number and street (or P.O. box number if mail is not delivered to street address)799 9TH STREET NW 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC200015327
A Employer identification number

47-4954803
B Telephone number (see instructions)

(202) 585-8188
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$36,799,030J 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 5,316 5,316  
4 Dividends and interest from securities... 648,311 648,311  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 405,379
b Gross sales price for all assets on line 6a 5,773,581
7 Capital gain net income (from Part IV, line 2)... 405,379
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
22,894 1  
12 Total. Add lines 1 through 11........ 1,081,900 1,059,007  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
7,360 0   7,360
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
31,050 3,105   27,945
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
376,401 265,144   111,257
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,707 2,707   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 11,201 0   11,201
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
29,860 3,189   6,180
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 458,579 274,145   163,943
25 Contributions, gifts, grants paid....... 1,405,637 1,405,637
26 Total expenses and disbursements. Add lines 24 and 25 1,864,216 274,145   1,569,580
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -782,316
b Net investment income (if negative, enter -0-) 784,862
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......... 141,441 100,707 100,707
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) 3,897,668 Click to see attachment
List of Attached Documents:
// Content
4,523,362 		4,523,362
b Investments—corporate stock (attach schedule)....... 26,912,321 Click to see attachment
List of Attached Documents:
// Content
31,951,443 		31,951,443
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
198,425 		198,425
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) Click to see attachment
List of Attached Documents:
// Content
20,302 		Click to see attachment
List of Attached Documents:
// Content
25,093 		Click to see attachment
List of Attached Documents:
// Content
25,093
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 30,971,732 36,799,030 36,799,030
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 30,971,732 36,799,030
29 Total net assets or fund balances (see instructions)..... 30,971,732 36,799,030
30 Total liabilities and net assets/fund balances (see instructions). 30,971,732 36,799,030
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
30,971,732
2
Enter amount from Part I, line 27a .....................
2
-782,316
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
6,609,614
4
Add lines 1, 2, and 3 ..........................
4
36,799,030
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
36,799,030
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 388 SHS AON PLC   2022-06-13 2023-02-22
b 4900 SHS ARM HOLDINGS PLC   2023-09-14 2023-09-14
c 130 SHS BERKSHIRE HATHAWAY INC DELCL B NEW   2022-11-16 2023-02-22
d 763 SHS DOLLAR TREE INC   2023-02-14 2023-05-25
e 238 SHS ELI LILLY & CO   2022-06-10 2023-02-22
72 SHS ELI LILLY & CO   2022-06-13 2023-02-22
417 SHS NEXTERA ENERGY INC   2023-08-28 2023-12-12
325 SHS NEXTERA ENERGY INC   2023-08-25 2023-12-12
163 SHS NEXTERA ENERGY INC   2023-08-29 2023-12-12
307 SHS NVIDIA CORP   2022-04-21 2023-02-22
200 SHS PROLOGIS INC   2022-06-28 2023-02-22
960 SHS QUALCOMM INC   2023-07-03 2023-09-22
320 SHS QUALCOMM INC   2023-03-16 2023-09-22
1100 SHS QUALCOMM INC   2023-05-18 2023-09-22
1700 SHS RTX CORPORATION   2023-09-01 2023-12-06
164 SHS RTX CORPORATION   2023-08-29 2023-12-06
426 SHS RTX CORPORATION   2023-08-28 2023-12-06
300 SHS RTX CORPORATION   2023-05-18 2023-12-06
300 SHS RTX CORPORATION   2023-09-01 2023-09-14
700 SHS RTX CORPORATION   2023-05-18 2023-09-14
26 SHS THERMO FISHER SCIENTIFIC INC   2023-08-29 2023-10-25
122 SHS THERMO FISHER SCIENTIFIC INC   2022-06-10 2023-02-22
67 SHS THERMO FISHER SCIENTIFIC INC   2023-08-28 2023-10-26
23 SHS THERMO FISHER SCIENTIFIC INC   2023-08-25 2023-10-26
390 SHS WALT DISNEY CO HOLDING CO   2022-08-22 2023-05-11
95 SHS AIR PRODUCTS & CHEMICALS INC   2019-11-05 2023-02-22
107 SHS AIR PRODUCTS & CHEMICALS INC   2019-09-20 2023-02-22
915 SHS ALPHABET INC CLASS CCAPITAL STOCK   2019-10-15 2023-02-22
220 SHS ALPHABET INC CLASS CCAPITAL STOCK   2019-09-20 2023-02-22
42 SHS AMAZON.COM INC   2020-04-21 2023-02-22
581 SHS AMAZON.COM INC   2020-02-10 2023-02-22
220 SHS AMAZON.COM INC   2020-04-21 2023-02-22
77 SHS ANALOG DEVICES INC   2019-11-05 2023-02-22
100 SHS ANALOG DEVICES INC   2019-10-04 2023-05-09
539 SHS ANALOG DEVICES INC   2019-10-04 2023-02-22
600 SHS ANALOG DEVICES INC   2019-10-04 2023-07-03
111 SHS ANALOG DEVICES INC   2019-10-04 2023-08-16
300 SHS ANALOG DEVICES INC   2020-05-29 2023-08-16
363 SHS ANALOG DEVICES INC   2020-02-10 2023-08-16
200 SHS ANALOG DEVICES INC   2020-05-29 2023-08-16
284 SHS APOLLO GLOBAL MANAGEMENT INC   2021-06-09 2023-02-22
388 SHS APOLLO GLOBAL MANAGEMENT INC   2021-06-09 2023-02-22
303 SHS APPLE INC   2019-10-04 2023-02-14
1140 SHS APPLE INC   2019-10-04 2023-02-22
240 SHS BLACKSTONE INC   2019-08-13 2023-02-22
510 SHS BLACKSTONE INC   2019-08-27 2023-02-22
171 SHS CSX CORP   2018-05-01 2023-02-22
519 SHS CSX CORP   2018-04-05 2023-02-22
100 SHS D R HORTON INC   2019-09-20 2023-05-09
517 SHS D R HORTON INC   2019-09-20 2023-02-22
160 SHS ELEVANCE HEALTH INC   2019-09-20 2023-02-22
1000 SHS GENERAL MOTORS COMPANY   2021-03-22 2023-04-28
723 SHS GENERAL MOTORS COMPANY   2021-05-05 2023-04-28
2200 SHS GENERAL MOTORS COMPANY   2021-03-22 2023-04-28
85 SHS GENERAL MOTORS COMPANY   2021-03-23 2023-04-28
480 SHS GENERAL MOTORS COMPANY   2021-05-05 2023-02-22
50 SHS GENERAL MOTORS COMPANY   2021-05-13 2023-04-28
50 SHS GENERAL MOTORS COMPANY   2021-05-13 2023-04-28
550 SHS GENERAL MOTORS COMPANY   2021-03-23 2023-04-28
9 SHS HOME DEPOT INC   2021-02-03 2023-02-14
276 SHS HOME DEPOT INC   2021-01-21 2023-02-14
75 SHS HOME DEPOT INC   2020-02-10 2023-05-09
12 SHS HOME DEPOT INC   2020-02-10 2023-02-22
138 SHS HOME DEPOT INC   2020-02-10 2023-03-27
416 SHS HOME DEPOT INC   2021-02-03 2023-02-22
196 SHS HONEYWELL INTL INC   2018-05-01 2023-06-07
550 SHS HONEYWELL INTL INC   2016-10-10 2023-06-07
80 SHS HONEYWELL INTL INC   2018-05-01 2023-02-22
385 SHS J P MORGAN CHASE & CO   2019-10-04 2023-08-17
114 SHS J P MORGAN CHASE & CO   2019-10-15 2023-02-22
431 SHS J P MORGAN CHASE & CO   2019-10-04 2023-02-22
300 SHS J P MORGAN CHASE & CO   2019-10-04 2023-04-18
406 SHS J P MORGAN CHASE & CO   2019-10-04 2023-04-05
485 SHS LENNAR CORPCL A   2019-09-20 2023-02-22
489 SHS MICROSOFT CORP   2019-10-15 2023-02-22
31 SHS MICROSOFT CORP   2019-10-04 2023-02-22
400 SHS MOTOROLA SOLUTIONS INC   2019-10-04 2023-02-22
755 SHS NEXTERA ENERGY INC   2019-12-18 2023-02-22
300 SHS ORACLE CORP   2019-10-23 2023-02-22
260 SHS ORACLE CORP   2019-10-04 2023-02-22
498 SHS QUALCOMM INC   2022-01-31 2023-09-14
472 SHS QUALCOMM INC   2022-02-03 2023-09-14
431 SHS QUALCOMM INC   2022-01-27 2023-09-22
180 SHS QUALCOMM INC   2022-02-03 2023-02-22
356 SHS QUALCOMM INC   2022-01-31 2023-09-22
180 SHS QUALCOMM INC   2022-02-25 2023-09-14
432 SHS RTX CORPORATION   2019-10-15 2023-02-22
138 SHS RTX CORPORATION   2019-10-04 2023-02-22
860 SHS T MOBILE US INC   2020-06-24 2023-02-22
400 SHS T MOBILE US INC   2020-06-24 2023-08-17
8 SHS THERMO FISHER SCIENTIFIC INC   2020-05-29 2023-02-22
94 SHS UNION PACIFIC CORP   2019-10-15 2023-02-14
210 SHS UNION PACIFIC CORP   2019-10-15 2023-02-22
38 SHS UNION PACIFIC CORP   2019-10-15 2023-08-17
262 SHS UNION PACIFIC CORP   2019-10-04 2023-08-17
122 SHS UNION PACIFIC CORP   2019-09-20 2023-01-13
108 SHS UNION PACIFIC CORP   2019-10-15 2023-01-13
212 SHS VISA INCCL A   2022-01-05 2023-02-22
200 SHS WALT DISNEY CO HOLDING CO   2020-08-05 2023-02-22
167 SHS WALT DISNEY CO HOLDING CO   2019-10-04 2023-02-14
267 SHS WALT DISNEY CO HOLDING CO   2020-08-05 2023-02-14
600 SHS WALT DISNEY CO HOLDING CO   2020-10-02 2023-05-11
358 SHS WALT DISNEY CO HOLDING CO   2020-08-05 2023-05-11
555 SHS WALT DISNEY CO HOLDING CO   2020-08-05 2023-05-11
88 SHS CVS HEALTH CORP   2022-09-19 2023-04-12
352 SHS LINCOLN NATIONAL CORP PRF SR D 9%   2022-11-30 2023-04-12
405 SHS BLACKSTONE MORTGATE TRUST INCNEW   2019-10-23 2023-04-12
235 SHS BLACKSTONE MORTGATE TRUST INCNEW   2020-01-31 2023-04-12
100 SHS DANAHER CORP   2020-05-26 2023-04-21
89.86 SHS DANAHER CORP   2020-05-26 2023-04-18
12 SHS ELI LILLY & CO   2019-10-23 2023-09-08
10 SHS ELI LILLY & CO   2021-09-30 2023-09-08
16 SHS ELI LILLY & CO   2019-10-23 2023-12-07
797 SHS FIRST REPUBLIC BANKFRC 5 1/2 PERP   2019-10-23 2023-03-10
208 SHS FIRST REPUBLIC BANKFRC 5 1/2 PERP   2022-01-12 2023-03-10
200 SHS GENERAL MOTORS COMPANY   2021-07-23 2023-05-25
7 SHS MICROSOFT CORP   2020-04-17 2023-11-10
928 SHS STARWOOD PROPERTY TRUST INC   2019-10-23 2023-04-12
345 SHS STARWOOD PROPERTY TRUST INC   2020-01-31 2023-04-12
2 SHS ADIDAS AG   2020-01-14 2023-02-02
27 SHS ADIDAS AG   2020-04-29 2023-02-02
8 SHS ADIDAS AG   2020-01-14 2023-02-01
15 SHS ADIDAS AG   2020-01-14 2023-01-31
31 SHS ADIDAS AG   2020-01-14 2023-01-27
20 SHS ADOBE INC   2022-03-28 2023-02-15
11 SHS ADOBE INC   2021-04-14 2023-02-15
2 SHS ADOBE INC   2021-04-14 2023-02-15
13 SHS ADOBE INC   2022-01-28 2023-02-15
247 SHS ADYEN N V UNSPONSRED ADR   2020-01-14 2023-10-27
178 SHS ADYEN N V UNSPONSRED ADR   2020-01-14 2023-09-19
255 SHS ADYEN N V UNSPONSRED ADR   2020-01-14 2023-08-30
111 SHS AIA GROUP LTD SPON ADR   2020-01-14 2023-12-05
44 SHS AIA GROUP LTD SPON ADR   2020-01-14 2023-09-22
165 SHS AIA GROUP LTD SPON ADR   2020-01-14 2023-02-15
50.174 SHS AIR PROD & CHEM INC   2020-01-14 2023-09-21
26 SHS AIR PROD & CHEM INC   2020-01-14 2023-04-13
58 SHS AIRBUS SE UNSPONSORED ADR   2021-01-07 2023-11-29
40 SHS AIRBUS SE UNSPONSORED ADR   2023-02-27 2023-11-28
40 SHS AIRBUS SE UNSPONSORED ADR   2021-01-07 2023-11-28
59 SHS ALPHABET INC CL A   2020-01-14 2023-06-29
100 SHS ALPHABET INC CL A   2020-01-14 2023-04-13
101 SHS ALPHABET INC CL A   2020-01-14 2023-02-15
66 SHS ALPHABET INC CL A   2022-01-28 2023-01-19
78 SHS ALPHABET INC CL A   2020-01-14 2023-01-19
80 SHS ALPHABET INC CL A   2020-11-13 2023-01-19
120 SHS ALPHABET INC CL A   2021-01-29 2023-01-19
220 SHS ALPHABET INC CL A   2021-04-14 2023-01-19
25 SHS AMAZON COM INC   2020-03-24 2023-04-25
161 SHS AMAZON COM INC   2020-03-24 2023-04-13
113 SHS AMAZON COM INC   2020-03-24 2023-02-15
395 SHS AMAZON COM INC   2022-01-28 2023-01-19
105 SHS AMAZON COM INC   2020-03-24 2023-01-19
100 SHS AMAZON COM INC   2020-06-26 2023-01-19
140 SHS AMAZON COM INC   2020-07-06 2023-01-19
106 SHS AMAZON COM INC   2020-11-13 2023-01-19
28 SHS ANSELL LTD ADR   2022-04-28 2023-09-07
21 SHS ANSELL LTD ADR   2022-05-06 2023-09-07
21.922 SHS ANSELL LTD ADR   2022-05-26 2023-09-07
1 SHS ANSELL LTD ADR   2022-04-29 2023-08-30
26.078 SHS ANSELL LTD ADR   2022-05-26 2023-08-30
192.98 SHS ARCELORMITTAL CL A NY REGISTRY   2022-01-25 2023-02-15
55.02 SHS ARCELORMITTAL CL A NY REGISTRY   2022-01-25 2023-02-15
80 SHS ATLAS COPCO AS A ADR A NEW   2020-12-01 2023-01-26
249 SHS ATLAS COPCO AS A ADR A NEW   2020-12-01 2023-01-23
113 SHS ATLAS COPCO AS A ADR A NEW   2020-12-01 2023-01-19
316 SHS ATLAS COPCO AS A ADR A NEW   2020-12-09 2023-01-19
115 SHS ATLAS COPCO AS A ADR A NEW   2020-12-29 2023-01-19
20 SHS BALL CORP   2020-11-20 2023-10-09
23 SHS BALL CORP   2021-01-29 2023-10-09
65 SHS BALL CORP   2021-04-14 2023-10-09
23 SHS BALL CORP   2022-03-28 2023-10-09
189 SHS BALL CORP   2022-05-23 2023-10-09
96 SHS BALL CORP   2022-08-30 2023-10-09
194 SHS BALL CORP   2020-11-20 2023-04-11
175 SHS BANK OF AMERICA CORP   2021-12-07 2023-03-23
17 SHS BANK OF AMERICA CORP   2022-01-28 2023-03-23
67 SHS BANK OF AMERICA CORP   2022-03-16 2023-03-16
137 SHS BANK OF AMERICA CORP   2022-03-28 2023-03-16
6 SHS BECTON DICKINSON & CO   2022-05-05 2023-04-13
28 SHS BECTON DICKINSON & CO   2022-01-13 2023-04-13
55.46 SHS BNP PARIBAS SP ADR REPSTG   2021-05-13 2023-08-30
57.54 SHS BNP PARIBAS SP ADR REPSTG   2021-05-13 2023-08-24
25 SHS BNP PARIBAS SP ADR REPSTG   2021-05-11 2023-08-08
22 SHS BNP PARIBAS SP ADR REPSTG   2021-05-13 2023-08-08
60 SHS BNP PARIBAS SP ADR REPSTG   2021-05-11 2023-06-13
31 SHS BNP PARIBAS SP ADR REPSTG   2021-05-11 2023-03-28
106 SHS BNP PARIBAS SP ADR REPSTG   2021-05-11 2023-03-13
77 SHS BNP PARIBAS SP ADR REPSTG   2021-05-11 2023-03-10
91 SHS BNP PARIBAS SP ADR REPSTG   2021-05-12 2023-03-10
214 SHS BNP PARIBAS SP ADR REPSTG   2021-05-12 2023-01-18
68 SHS BNP PARIBAS SP ADR REPSTG   2021-05-14 2023-01-18
14 SHS BURBERRY GROUP PLC SPONS ADR   2020-01-14 2023-01-13
41 SHS BURBERRY GROUP PLC SPONS ADR   2020-02-07 2023-01-13
54 SHS BURBERRY GROUP PLC SPONS ADR   2020-01-14 2023-01-12
54 SHS BURBERRY GROUP PLC SPONS ADR   2020-01-14 2023-01-11
45 SHS BURBERRY GROUP PLC SPONS ADR   2020-01-14 2023-01-10
25 SHS BURBERRY GROUP PLC SPONS ADR   2020-01-14 2023-01-06
23 SHS BURBERRY GROUP PLC SPONS ADR   2020-01-14 2023-01-05
85.931 SHS CELLNEX TELECOM SA UNS ADR   2021-01-08 2023-11-28
44.069 SHS CELLNEX TELECOM SA UNS ADR   2021-01-08 2023-11-13
9.676 SHS CELLNEX TELECOM SA UNS ADR   2021-01-08 2023-11-09
49.324 SHS CELLNEX TELECOM SA UNS ADR   2021-01-08 2023-11-08
14 SHS CELLNEX TELECOM SA UNS ADR   2021-01-08 2023-10-25
36 SHS CELLNEX TELECOM SA UNS ADR   2021-01-27 2023-10-25
162 SHS CELLNEX TELECOM SA UNS ADR   2020-11-24 2023-10-23
25 SHS CELLNEX TELECOM SA UNS ADR   2021-01-27 2023-10-23
12 SHS CME GROUP INC   2021-04-14 2023-10-16
22 SHS CME GROUP INC   2022-03-16 2023-10-16
10 SHS CME GROUP INC   2022-03-28 2023-10-16
315 SHS COMCAST CORP (NEW) CLASS A   2020-01-14 2023-02-15
52 SHS COMPASS GROUP PLC SPD ADR   2021-03-31 2023-09-15
34 SHS COMPASS GROUP PLC SPD ADR   2021-03-31 2023-09-01
29 SHS COMPASS GROUP PLC SPD ADR   2021-03-31 2023-07-13
16 SHS COMPASS GROUP PLC SPD ADR   2021-10-12 2023-07-13
66 SHS COMPASS GROUP PLC SPD ADR   2021-10-12 2023-04-19
11 SHS COMPASS GROUP PLC SPD ADR   2021-10-12 2023-04-18
50 SHS COMPASS GROUP PLC SPD ADR   2021-03-26 2023-04-05
33 SHS COMPASS GROUP PLC SPD ADR   2021-10-12 2023-04-05
138 SHS COMPASS GROUP PLC SPD ADR   2021-03-26 2023-03-07
29 SHS COMPASS GROUP PLC SPD ADR   2021-05-04 2023-03-07
87 SHS COMPASS GROUP PLC SPD ADR   2021-09-30 2023-03-07
17 SHS CRH PLC ADR   2021-01-27 2023-05-03
16 SHS CRH PLC ADR   2021-02-04 2023-05-03
12 SHS CRH PLC ADR   2021-02-04 2023-04-06
24 SHS CRH PLC ADR   2021-02-04 2023-04-05
26 SHS CRH PLC ADR   2021-02-03 2023-03-24
31 SHS CRH PLC ADR   2021-02-04 2023-03-24
12 SHS CRH PLC ADR   2021-02-03 2023-02-17
59 SHS CRH PLC ADR   2021-02-12 2023-02-17
139 SHS CRH PLC ADR   2021-02-12 2023-02-15
9 SHS DAIICHI SANKYO CO LTD SPON ADR   2022-11-18 2023-01-19
1 SHS DAIICHI SANKYO CO LTD SPON ADR   2022-11-21 2023-01-19
52 SHS EATON CORP PLC SHS   2022-03-10 2023-08-30
7 SHS EATON CORP PLC SHS   2022-03-14 2023-08-30
7 SHS EATON CORP PLC SHS   2022-08-02 2023-08-30
76 SHS EDP ENERGIAS DE PORTGUAL SA   2020-06-17 2023-04-13
62 SHS EDP ENERGIAS DE PORTGUAL SA   2020-06-29 2023-04-13
29 SHS ELASTIC N V   2020-04-17 2023-01-23
3 SHS ELASTIC N V   2020-02-05 2023-01-19
4 SHS ELASTIC N V   2020-02-05 2023-01-19
38 SHS ELASTIC N V   2020-04-17 2023-01-19
2 SHS ESSILORLUXOTTICA ADR   2021-10-20 2023-02-28
22 SHS ESSILORLUXOTTICA ADR   2021-11-15 2023-02-28
11 SHS ESSILORLUXOTTICA ADR   2022-01-19 2023-02-28
42 SHS ESSILORLUXOTTICA ADR   2021-10-20 2023-02-27
93 SHS GENERAL MTRS CO   2022-03-28 2023-03-16
83 SHS GENERAL MTRS CO   2022-01-25 2023-03-16
42 SHS GENERAL MTRS CO   2022-01-28 2023-03-16
244 SHS GENERAL MTRS CO   2022-01-25 2023-01-23
41 SHS GIVAUDAN SA ADR   2020-01-14 2023-08-30
26 SHS HONG KONG EXCHANGES & CLEARING   2023-02-02 2023-12-05
38 SHS HONG KONG EXCHANGES & CLEARING   2023-03-24 2023-12-05
17 SHS HOYA CORP SPONS ADR   2020-06-30 2023-05-09
17 SHS HOYA CORP SPONS ADR   2020-06-30 2023-04-27
1 SHS HOYA CORP SPONS ADR   2020-01-14 2023-04-24
11 SHS HOYA CORP SPONS ADR   2020-06-30 2023-04-24
9 SHS HOYA CORP SPONS ADR   2020-01-14 2023-04-19
51 SHS HOYA CORP SPONS ADR   2020-01-14 2023-04-06
126 SHS IBERDROLA SA SPON ADR   2022-05-24 2023-12-18
7 SHS IBERDROLA SA SPON ADR   2022-05-25 2023-12-18
6 SHS IBERDROLA SA SPON ADR   2022-06-07 2023-12-18
25 SHS ICON PLC   2020-01-14 2023-01-13
14 SHS ICON PLC   2020-01-14 2023-01-12
23 SHS INTESA SANPAOLO S.P.A. ADR   2021-06-25 2023-09-26
110 SHS INTESA SANPAOLO S.P.A. ADR   2021-06-25 2023-03-15
209 SHS INTESA SANPAOLO S.P.A. ADR   2021-06-25 2023-03-13
193 SHS INTESA SANPAOLO S.P.A. ADR   2021-06-25 2023-01-18
78 SHS JPMORGAN CHASE & CO   2020-01-14 2023-02-15
13 SHS KERING S A ADR NEW   2023-03-30 2023-11-02
18 SHS KERING S A ADR NEW   2023-04-26 2023-11-02
22 SHS KERING S A ADR NEW   2023-03-30 2023-10-17
137 SHS LEGRAND SA   2020-01-14 2023-10-24
199 SHS LEGRAND SA   2020-01-14 2023-07-18
196 SHS LEGRAND SA   2020-01-14 2023-06-29
157 SHS LEGRAND SA   2020-01-14 2023-06-28
15 SHS LINDE PLC   2020-01-14 2023-04-05
43 SHS LVMH MOET HENNESSY LOUIS VUITT   2022-01-19 2023-02-15
91 SHS MICROSOFT CORP   2020-06-26 2023-02-15
75 SHS MONOTARO CO LTD ADR   2020-01-14 2023-08-30
59 SHS NESTLE SPON ADR REP REG SHR   2020-01-14 2023-05-30
8 SHS NESTLE SPON ADR REP REG SHR   2020-02-03 2023-05-30
99 SHS NEXTERA ENERGY INC   2023-01-26 2023-02-15
11.683 SHS NICE LTD ADR   2021-08-05 2023-08-30
18 SHS NOVO NORDISK A/S ADR   2020-01-14 2023-09-21
11 SHS NOVO NORDISK A/S ADR   2020-01-14 2023-09-08
15 SHS NOVO NORDISK A/S ADR   2022-11-18 2023-08-21
24 SHS NOVO NORDISK A/S ADR   2020-01-14 2023-08-21
61 SHS ORACLE CORP   2023-01-03 2023-04-13
34 SHS ORACLE CORP   2020-01-14 2023-04-13
44 SHS PAYPAL HLDGS INC COM   2022-12-19 2023-10-02
158 SHS PAYPAL HLDGS INC COM   2020-01-14 2023-10-02
117 SHS PAYPAL HLDGS INC COM   2022-03-28 2023-10-02
55 SHS PAYPAL HLDGS INC COM   2020-01-14 2023-04-11
90 SHS PFIZER INC   2021-04-14 2023-10-27
44 SHS PFIZER INC   2020-01-14 2023-10-16
25 SHS PFIZER INC   2021-04-14 2023-10-16
118 SHS PFIZER INC   2020-01-14 2023-10-02
184 SHS PFIZER INC   2020-01-14 2023-07-27
52 SHS PFIZER INC   2020-01-14 2023-06-26
49 SHS PFIZER INC   2022-08-30 2023-04-13
263 SHS PFIZER INC   2020-01-14 2023-04-13
95 SHS PFIZER INC   2022-08-30 2023-01-12
11 SHS PIONEER NATURAL RESOURCES CO   2022-12-19 2023-11-30
28 SHS PPG INDUSTRIES INC   2020-01-14 2023-08-21
85 SHS PPG INDUSTRIES INC   2020-01-14 2023-02-15
6 SHS PROCTER & GAMBLE   2022-08-30 2023-04-13
54 SHS PROCTER & GAMBLE   2020-01-14 2023-04-13
49 SHS PROGRESSIVE CORP OHIO   2023-07-12 2023-09-29
468 SHS RECRUIT HOLDINGS CO. LTD. ADR   2021-05-13 2023-11-14
217 SHS RECRUIT HOLDINGS CO. LTD. ADR   2021-05-13 2023-10-25
2 SHS RECRUIT HOLDINGS CO. LTD. ADR   2021-05-13 2023-10-18
170 SHS RECRUIT HOLDINGS CO. LTD. ADR   2021-05-14 2023-10-18
138 SHS RECRUIT HOLDINGS CO. LTD. ADR   2021-05-14 2023-08-10
18 SHS RECRUIT HOLDINGS CO. LTD. ADR   2021-05-12 2023-05-09
219 SHS RECRUIT HOLDINGS CO. LTD. ADR   2021-05-14 2023-05-09
596 SHS RECRUIT HOLDINGS CO. LTD. ADR   2021-05-10 2023-04-27
446 SHS RECRUIT HOLDINGS CO. LTD. ADR   2021-05-12 2023-04-27
186 SHS RELX PLC SPONSORED ADR   2022-04-27 2023-05-04
119 SHS RENTOKIL INITIAL PLC ADR   2020-01-14 2023-05-05
109 SHS RENTOKIL INITIAL PLC ADR   2020-01-14 2023-05-04
15.951 SHS ROCHE HOLDINGS ADR   2023-05-17 2023-08-21
50 SHS ROCHE HOLDINGS ADR   2020-01-14 2023-08-21
10 SHS ROCHE HOLDINGS ADR   2020-01-14 2023-08-21
73.049 SHS ROCHE HOLDINGS ADR   2023-05-17 2023-08-16
36 SHS ROCHE HOLDINGS ADR   2020-01-14 2023-07-28
170 SHS ROCHE HOLDINGS ADR   2020-01-14 2023-07-26
149 SHS ROCHE HOLDINGS ADR   2020-01-14 2023-03-07
39.069 SHS SANDVIK AB SPONS ADR   2021-07-21 2023-12-19
90.931 SHS SANDVIK AB SPONS ADR   2021-07-21 2023-12-18
68 SHS SANDVIK AB SPONS ADR   2021-06-04 2023-10-24
29 SHS SANDVIK AB SPONS ADR   2021-07-21 2023-10-24
75 SHS SANDVIK AB SPONS ADR   2021-08-05 2023-10-24
127 SHS SANDVIK AB SPONS ADR   2021-08-05 2023-10-24
7.138 SHS SOLAREDGE TECHNOLOGIES INC   2022-03-16 2023-10-10
10 SHS SOLAREDGE TECHNOLOGIES INC   2022-04-12 2023-10-10
13.862 SHS SOLAREDGE TECHNOLOGIES INC   2022-03-16 2023-07-26
63 SHS STRAUMANN HLDG AG ADR   2022-08-04 2023-05-04
113 SHS STRAUMANN HLDG AG ADR   2022-07-17 2023-05-04
14 SHS STRAUMANN HLDG AG ADR   2022-08-12 2023-05-04
29 SHS TE CONNECTIVITY LTD NEW   2021-01-29 2023-05-25
13 SHS TE CONNECTIVITY LTD NEW   2021-01-29 2023-05-17
12 SHS TE CONNECTIVITY LTD NEW   2021-01-29 2023-05-03
20 SHS TE CONNECTIVITY LTD NEW   2021-01-29 2023-04-18
5 SHS TE CONNECTIVITY LTD NEW   2021-01-29 2023-01-31
11 SHS TE CONNECTIVITY LTD NEW   2021-02-03 2023-01-31
16 SHS TE CONNECTIVITY LTD NEW   2021-02-03 2023-01-19
15 SHS TE CONNECTIVITY LTD NEW   2021-02-03 2023-01-18
27 SHS TE CONNECTIVITY LTD NEW   2021-02-03 2023-01-11
10 SHS TE CONNECTIVITY LTD NEW   2021-02-03 2023-01-05
21 SHS TE CONNECTIVITY LTD NEW   2021-02-04 2023-01-05
5.16 SHS TELEPERFORMANCE SA UNSP ADR   2020-01-14 2023-08-22
17 SHS TELEPERFORMANCE SA UNSP ADR   2020-01-14 2023-08-21
9.124 SHS TELEPERFORMANCE SA UNSP ADR   2020-01-14 2023-08-16
10.061 SHS TELEPERFORMANCE SA UNSP ADR   2020-01-14 2023-08-09
9.085 SHS TELEPERFORMANCE SA UNSP ADR   2020-01-14 2023-08-08
17.606 SHS TELEPERFORMANCE SA UNSP ADR   2020-01-14 2023-07-28
38.964 SHS TELEPERFORMANCE SA UNSP ADR   2020-01-14 2023-07-27
8 SHS THERMO FISHER SCIENTIFIC   2022-01-25 2023-02-15
3.1 SHS THOMSON REUTERS CORP   2020-01-14 2023-06-27
51 SHS THOMSON REUTERS CORP   2020-01-14 2023-05-04
0.9 SHS THOMSON REUTERS CORP   2020-01-14 2023-06-27
44 SHS T-MOBILE US INC COM   2020-09-14 2023-06-07
41 SHS T-MOBILE US INC COM   2020-09-24 2023-06-07
14 SHS T-MOBILE US INC COM   2020-09-14 2023-06-02
30 SHS TOKYO ELECTRON LTD UNSPON ADR   2023-07-31 2023-09-22
6 SHS TOKYO ELECTRON LTD UNSPON ADR   2023-07-31 2023-09-15
154 SHS TRUIST FINL CORP   2022-02-24 2023-06-16
155 SHS TRUIST FINL CORP   2022-03-01 2023-06-16
91 SHS TRUIST FINL CORP   2022-03-09 2023-06-16
35 SHS TRUIST FINL CORP   2022-03-28 2023-06-16
16 SHS TRUIST FINL CORP   2022-03-28 2023-04-10
158 SHS U S BANCORP COM NEW   2020-01-14 2023-02-15
43 SHS UNITED PARCEL SER INC CL-B   2020-01-14 2023-10-19
10 SHS UNITED PARCEL SER INC CL-B   2020-01-14 2023-10-16
57 SHS UNITED PARCEL SER INC CL-B   2020-01-14 2023-07-06
37 SHS UNITED PARCEL SER INC CL-B   2020-01-14 2023-02-15
39 SHS VISA INC CL A   2020-01-14 2023-02-15
SECURITIES LITIGATION   2023-05-05 2023-05-05
CAPITAL GAINS DIVIDENDS P    
(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 118,560   98,046 20,514
b 275,540   249,900 25,640
c 39,419   40,112 -693
d 105,651   110,874 -5,223
e 78,368   71,123 7,245
23,708   20,952 2,756
24,356   28,434 -4,078
18,983   22,099 -3,116
9,521   11,002 -1,481
62,957   61,779 1,178
24,661   24,142 519
103,520   114,797 -11,277
34,507   38,282 -3,775
118,616   115,350 3,266
140,461   147,009 -6,548
13,550   16,072 -2,522
35,198   45,818 -10,620
24,787   32,186 -7,399
22,224   23,588 -1,364
51,856   51,856 0
11,155   14,433 -3,278
66,539   64,844 1,695
29,446   36,542 -7,096
10,108   12,462 -2,354
36,363   45,526 -9,163
26,077   20,581 5,496
29,370   23,779 5,591
83,841   56,074 27,767
20,158   13,625 6,533
4,020   4,965 -945
55,604   61,878 -6,274
21,055   26,006 -4,951
14,159   8,733 5,426
18,009   11,294 6,715
99,111   60,876 38,235
115,786   67,766 48,020
19,758   12,537 7,221
53,399   33,480 19,919
64,613   40,500 24,113
35,599   22,320 13,279
19,677   15,476 4,201
26,883   21,132 5,751
46,469   17,101 29,368
168,724   64,341 104,383
21,585   10,303 11,282
45,869   23,157 22,712
5,155   3,383 1,772
15,647   9,578 6,069
10,932   5,108 5,824
47,125   26,410 20,715
76,837   40,531 36,306
33,121   57,305 -24,184
23,947   41,598 -17,651
72,866   126,071 -53,205
2,815   4,851 -2,036
19,613   27,617 -8,004
1,656   2,728 -1,072
1,656   2,728 -1,072
18,217   31,392 -13,175
2,866   2,461 405
87,885   77,178 10,707
21,628   17,905 3,723
3,565   2,865 700
38,984   32,944 6,040
123,587   113,771 9,816
38,823   26,877 11,946
108,941   56,307 52,634
15,689   10,970 4,719
57,550   43,645 13,905
15,812   13,526 2,286
59,781   48,860 10,921
42,389   34,009 8,380
51,811   46,026 5,785
46,814   26,146 20,668
122,987   68,716 54,271
7,797   4,259 3,538
106,237   66,910 39,327
55,899   45,167 10,732
26,018   16,277 9,741
22,549   14,276 8,273
56,933   86,748 -29,815
53,961   86,633 -32,672
46,476   72,680 -26,204
22,231   22,231 0
38,388   62,013 -23,625
20,578   32,340 -11,762
43,341   32,618 10,723
13,845   10,122 3,723
126,357   88,580 37,777
54,763   41,200 13,563
4,363   2,751 1,612
19,139   15,188 3,951
40,263   33,930 6,333
8,587   6,140 2,447
59,204   40,611 18,593
25,961   20,425 5,536
22,982   17,450 5,532
46,582   47,397 -815
20,301   25,665 -5,364
17,994   21,663 -3,669
28,769   34,263 -5,494
55,944   73,766 -17,822
33,380   45,941 -12,561
51,748   71,221 -19,473
6,637   8,915 -2,278
8,919   9,301 -382
6,992   14,761 -7,769
4,057   8,973 -4,916
25,048   19,779 5,269
90   69 21
7,030   1,262 5,768
5,858   2,336 3,522
9,403   1,682 7,721
15,322   21,367 -6,045
3,999   5,576 -1,577
6,487   11,025 -4,538
2,583   1,243 1,340
16,277   22,529 -6,252
6,051   8,769 -2,718
172   349 -177
2,323   3,116 -793
642   1,395 -753
1,200   2,616 -1,416
2,492   5,405 -2,913
7,520   8,840 -1,320
4,136   5,612 -1,476
752   752 0
4,888   6,622 -1,734
1,666   2,100 -434
1,230   1,513 -283
2,131   2,168 -37
3,584   4,998 -1,414
1,454   1,981 -527
7,071   7,430 -359
14,444   11,815 2,629
7,461   6,123 1,338
2,156   1,598 558
1,475   1,313 162
1,475   1,102 373
7,023   4,227 2,796
10,666   7,164 3,502
9,714   7,236 2,478
6,133   8,721 -2,588
7,248   5,588 1,660
7,433   7,099 334
11,150   10,878 272
20,442   24,729 -4,287
2,606   2,408 198
16,356   15,506 850
11,270   10,883 387
37,002   55,998 -18,996
9,836   10,113 -277
9,368   13,715 -4,347
13,115   21,319 -8,204
9,930   16,587 -6,657
1,597   2,077 -480
1,198   1,573 -375
1,251   1,692 -441
62   78 -16
1,608   2,013 -405
5,871   5,907 -36
1,674   1,674 0
965   1,020 -55
3,249   3,175 74
1,415   1,441 -26
3,958   4,143 -185
1,440   1,508 -68
917   1,949 -1,032
1,054   2,033 -979
2,979   5,803 -2,824
1,054   2,152 -1,098
8,661   13,303 -4,642
4,399   5,453 -1,054
10,201   18,910 -8,709
4,777   7,818 -3,041
464   765 -301
1,939   2,857 -918
3,966   5,903 -1,937
1,534   1,546 -12
7,159   7,183 -24
1,811   1,880 -69
1,825   1,951 -126
788   851 -63
694   746 -52
1,832   2,042 -210
871   1,055 -184
3,197   3,608 -411
2,459   2,621 -162
2,906   3,127 -221
6,907   7,354 -447
2,195   2,366 -171
387   422 -35
1,133   1,090 43
1,471   1,626 -155
1,467   1,626 -159
1,219   1,355 -136
657   753 -96
599   693 -94
1,623   2,491 -868
726   1,277 -551
157   280 -123
793   1,430 -637
198   406 -208
509   1,053 -544
2,273   4,759 -2,486
351   731 -380
2,632   2,476 156
4,824   5,284 -460
2,193   2,454 -261
12,393   14,535 -2,142
1,334   1,062 272
853   695 158
799   593 206
441   327 114
1,674   1,350 324
279   225 54
1,262   1,031 231
833   675 158
3,127   2,845 282
657   633 24
1,971   1,830 141
817   710 107
769   688 81
564   516 48
1,141   1,033 108
1,233   1,128 105
1,470   1,334 136
564   521 43
2,774   2,636 138
6,616   6,209 407
292   292 0
32   32 0
11,901   7,688 4,213
1,602   1,041 561
1,602   1,036 566
4,257   3,580 677
3,473   2,966 507
1,643   1,761 -118
151   199 -48
201   270 -69
1,913   2,307 -394
174   197 -23
1,919   2,325 -406
959   1,093 -134
3,665   4,133 -468
3,215   4,070 -855
2,869   4,309 -1,440
1,452   2,075 -623
8,860   12,669 -3,809
2,726   2,562 164
843   1,168 -325
1,233   1,653 -420
1,866   1,632 234
1,784   1,632 152
103   98 5
1,138   1,056 82
951   881 70
5,410   4,990 420
6,426   5,988 438
357   342 15
306   279 27
5,569   4,259 1,310
3,123   2,385 738
353   395 -42
1,552   1,888 -336
3,126   3,586 -460
2,818   3,312 -494
11,132   10,883 249
548   846 -298
758   1,137 -379
948   1,432 -484
2,332   2,232 100
4,086   3,241 845
3,779   3,193 586
3,037   2,557 480
5,321   3,157 2,164
7,541   6,830 711
24,345   17,947 6,398
885   960 -75
7,061   6,301 760
957   922 35
7,546   7,574 -28
2,303   3,274 -971
1,644   537 1,107
2,147   656 1,491
2,781   1,699 1,082
4,450   1,431 3,019
5,784   5,077 707
3,224   1,870 1,354
2,574   3,035 -461
9,242   18,112 -8,870
6,844   13,299 -6,455
4,053   6,305 -2,252
2,709   3,338 -629
1,470   1,666 -196
835   927 -92
3,972   4,467 -495
6,693   6,966 -273
1,913   1,969 -56
2,036   2,256 -220
10,926   9,956 970
4,510   4,374 136
2,543   2,408 135
3,875   3,651 224
11,061   11,082 -21
902   846 56
8,119   6,737 1,382
6,834   6,473 361
2,733   4,164 -1,431
1,236   1,931 -695
12   18 -6
1,026   1,519 -493
890   1,233 -343
100   165 -65
1,221   1,957 -736
3,278   5,740 -2,462
2,453   4,090 -1,637
5,717   5,635 82
4,730   3,546 1,184
4,325   3,248 1,077
575   633 -58
1,804   2,059 -255
361   412 -51
2,703   2,899 -196
1,393   1,483 -90
6,665   7,001 -336
5,289   6,136 -847
840   1,004 -164
1,941   2,337 -396
1,128   1,854 -726
481   745 -264
1,245   1,945 -700
2,106   3,294 -1,188
890   2,320 -1,430
1,246   3,049 -1,803
3,390   4,506 -1,116
988   880 108
1,772   1,913 -141
219   193 26
3,453   3,482 -29
1,582   1,561 21
1,470   1,441 29
2,553   2,401 152
635   600 35
1,397   1,409 -12
1,936   2,049 -113
1,862   1,921 -59
3,326   3,458 -132
1,163   1,281 -118
2,442   2,703 -261
324   639 -315
1,063   2,104 -1,041
577   1,129 -552
687   1,245 -558
622   1,125 -503
1,318   2,179 -861
2,843   4,823 -1,980
4,506   4,563 -57
402   237 165
6,119   3,904 2,215
124   69 55
5,578   4,949 629
5,198   4,544 654
1,811   1,575 236
2,051   2,262 -211
426   452 -26
4,886   9,021 -4,135
4,917   9,020 -4,103
2,887   5,337 -2,450
1,110   2,065 -955
531   944 -413
7,701   9,000 -1,299
6,572   5,059 1,513
1,574   1,177 397
10,185   6,706 3,479
6,890   4,353 2,537
8,870   7,646 1,224
32     32
531     531
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       20,514
b       25,640
c       -693
d       -5,223
e       7,245
      2,756
      -4,078
      -3,116
      -1,481
      1,178
      519
      -11,277
      -3,775
      3,266
      -6,548
      -2,522
      -10,620
      -7,399
      -1,364
      0
      -3,278
      1,695
      -7,096
      -2,354
      -9,163
      5,496
      5,591
      27,767
      6,533
      -945
      -6,274
      -4,951
      5,426
      6,715
      38,235
      48,020
      7,221
      19,919
      24,113
      13,279
      4,201
      5,751
      29,368
      104,383
      11,282
      22,712
      1,772
      6,069
      5,824
      20,715
      36,306
      -24,184
      -17,651
      -53,205
      -2,036
      -8,004
      -1,072
      -1,072
      -13,175
      405
      10,707
      3,723
      700
      6,040
      9,816
      11,946
      52,634
      4,719
      13,905
      2,286
      10,921
      8,380
      5,785
      20,668
      54,271
      3,538
      39,327
      10,732
      9,741
      8,273
      -29,815
      -32,672
      -26,204
      0
      -23,625
      -11,762
      10,723
      3,723
      37,777
      13,563
      1,612
      3,951
      6,333
      2,447
      18,593
      5,536
      5,532
      -815
      -5,364
      -3,669
      -5,494
      -17,822
      -12,561
      -19,473
      -2,278
      -382
      -7,769
      -4,916
      5,269
      21
      5,768
      3,522
      7,721
      -6,045
      -1,577
      -4,538
      1,340
      -6,252
      -2,718
      -177
      -793
      -753
      -1,416
      -2,913
      -1,320
      -1,476
      0
      -1,734
      -434
      -283
      -37
      -1,414
      -527
      -359
      2,629
      1,338
      558
      162
      373
      2,796
      3,502
      2,478
      -2,588
      1,660
      334
      272
      -4,287
      198
      850
      387
      -18,996
      -277
      -4,347
      -8,204
      -6,657
      -480
      -375
      -441
      -16
      -405
      -36
      0
      -55
      74
      -26
      -185
      -68
      -1,032
      -979
      -2,824
      -1,098
      -4,642
      -1,054
      -8,709
      -3,041
      -301
      -918
      -1,937
      -12
      -24
      -69
      -126
      -63
      -52
      -210
      -184
      -411
      -162
      -221
      -447
      -171
      -35
      43
      -155
      -159
      -136
      -96
      -94
      -868
      -551
      -123
      -637
      -208
      -544
      -2,486
      -380
      156
      -460
      -261
      -2,142
      272
      158
      206
      114
      324
      54
      231
      158
      282
      24
      141
      107
      81
      48
      108
      105
      136
      43
      138
      407
      0
      0
      4,213
      561
      566
      677
      507
      -118
      -48
      -69
      -394
      -23
      -406
      -134
      -468
      -855
      -1,440
      -623
      -3,809
      164
      -325
      -420
      234
      152
      5
      82
      70
      420
      438
      15
      27
      1,310
      738
      -42
      -336
      -460
      -494
      249
      -298
      -379
      -484
      100
      845
      586
      480
      2,164
      711
      6,398
      -75
      760
      35
      -28
      -971
      1,107
      1,491
      1,082
      3,019
      707
      1,354
      -461
      -8,870
      -6,455
      -2,252
      -629
      -196
      -92
      -495
      -273
      -56
      -220
      970
      136
      135
      224
      -21
      56
      1,382
      361
      -1,431
      -695
      -6
      -493
      -343
      -65
      -736
      -2,462
      -1,637
      82
      1,184
      1,077
      -58
      -255
      -51
      -196
      -90
      -336
      -847
      -164
      -396
      -726
      -264
      -700
      -1,188
      -1,430
      -1,803
      -1,116
      108
      -141
      26
      -29
      21
      29
      152
      35
      -12
      -113
      -59
      -132
      -118
      -261
      -315
      -1,041
      -552
      -558
      -503
      -861
      -1,980
      -57
      165
      2,215
      55
      629
      654
      236
      -211
      -26
      -4,135
      -4,103
      -2,450
      -955
      -413
      -1,299
      1,513
      397
      3,479
      2,537
      1,224
      32
      531
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 2 405,379
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 10,910
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 10,910
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 10,910
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 16,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 16,000
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
8 631
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 4,459
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow4,459 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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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 arrowDE, DC
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 arrowWWW.SAUL-FOUNDATION.ORG
14
The books are in care ofright arrowCATHERINE DUNAND Telephone no.right arrow (202) 585-8188

Located atright arrow799 9TH STREET NW SUITE 500WASHINGTONDC ZIP+4right arrow200015327
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
 
No
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
CATHERINE DUNAND PRESIDENT & TREASURER
15.00 		0 0 0
SAUL FOUNDATION C/O NIXON PEABODY
LLP 799 9TH STREET NW SUITE 500
WASHINGTON,DC200015327
LILIANE LAROCHE DIRECTOR
0.00 		0 0 0
SAUL FOUNDATION C/O NIXON PEABODY
LLP 799 9TH STREET NW SUITE 500
WASHINGTON,DC200015327
FRANCOIS JACQUEMIN-VERGUET DIRECTOR
0.00 		0 0 0
SAUL FOUNDATION C/O NIXON PEABODY
LLP 799 9TH STREET NW SUITE 500
WASHINGTON,DC200015327
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
NEUBERGER BERMAN BD LLC CUSTODIAL & INVESTMENT ADVISORY FEE 230,074
PO BOX 145443
CINCINNATI,OH45250
PROMONTOIRES SAS CONSULTING FEE 111,257
BANQUE PALATINE 12 AVENUE DE
MATIGNON
PARIS   75008
FR
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 arrow0
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
33,962,978
b
Average of monthly cash balances.......................
1b
143,220
c
Fair market value of all other assets (see instructions)................
1c
35,607
d
Total (add lines 1a, b, and c).........................
1d
34,141,805
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
34,141,805
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
512,127
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
33,629,678
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,681,484
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
1,681,484
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
10,910
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,910
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,670,574
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,670,574
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
1,670,574
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
1,569,580
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,569,580
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 1,670,574
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,498,716
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,569,580
a Applied to 2022, but not more than line 2a 1,498,716
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..... 70,864
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		1,599,710
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
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

CAMBRIDGE REPRODUCTIVE HEALTH CONSULTANTS

1770 MASSACHUSETTS AVENUE SUITE 181
CAMBRIDGE,MA02140 		NONE PC WOMEN'S WALLET WOMEN HELP WOMEN PROJECT 350,000

FIDELITY CHARITABLE

PO BOX 770001
CINCINNATI,OH45277 		NONE PC PUBLIC CHARITY 75,000

FISTULA FOUNDATION

1700 THE ALAMEDA SUITE 300
SAN JOSE,CA95126 		NONE PC PUBLIC CHARITY 265,322

IBIS REPRODUCTIVE HEALTH INC

2067 MASSACHUSETTS AVENUE SUITE 320
CAMBRIDGE,MA02140 		NONE PC PUBLIC CHARITY 150,000

NOMI NETWORK INC

PO BOX 42
NEW YORK,NY10156 		NONE PC PUBLIC CHARITY 326,500

WATER FOR SOUTH SUDAN INC

PO BOX 25551
ROCHESTER,NY14625 		NONE PC PUBLIC CHARITY 238,815
Total .................................right arrow 3a 1,405,637
bApproved for future payment
Total ................................. right arrow 3b 0
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 5,316  
4 Dividends and interest from securities ....     14 648,311  
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 .....         22,894
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 405,379  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,059,006 22,894
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,081,900
(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.)
7 INCOME REPORTED IN COLUMN E REPRESENTS RETURN OF CAPITAL AND ACCRUED INCOME FROM THE INVESTMENTS.
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 AccountingFeesSchedule
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 31,050 3,105   27,945

TY 2023 ExplnOfNonFilingWithAGStmt
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
Statement:
SAUL FOUNDATION FOR PROGRESS INC IS NOT REQUIRED TO FURNISH A FORM 990-PF COPY TO THE DELAWARE ATTORNEY GENERAL SINCE THE FOUNDATION HAS NO ACTIVITIES CONDUCTED IN THE STATE OF DELAWARE. THE DISTRICT OF COLUMBIA NO LONGER REQUIRES D.C. NONPROFIT ORGANIZATIONS TO FILE A COPY OF THEIR FORM 990-PF.

TY 2023 InvestmentsCorpBondsSchedule
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
Name of Bond End of Year Book Value End of Year Fair Market Value
100000 SHS BMW SALT LAKE CITY UT CD 4.55% 03-03-26 99,471 99,471
100000 SHS UBS BK USA SALT L SALT LAKE CITY UT CD 4.5% 04-19-27 98,954 98,954

TY 2023 InvestmentsCorpStockSchedule
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
Name of Stock End of Year Book Value End of Year Fair Market Value
64737.34 SHS DREYFUS TREASURY SEC CASH MGMT ADMIN 64,737 64,737
644231.39 SHS MSILF TREASURY SECURITIES INST 644,231 644,231
514 SHS 3I GROUP PLC UNSPONS ADR 7,932 7,932
202 SHS ABBVIE INC 31,304 31,304
50 SHS ACCENTURE PLC IRELAND CL A 17,546 17,546
99 SHS ADOBE INC 59,063 59,063
321 SHS AIA GROUP LTD SPON ADR 11,190 11,190
2400.826 SHS AIR PRODUCTS AND CHEMICALS INC 657,346 657,346
284 SHS AIRBUS SE UNSPNSORED ADR 10,963 10,963
216 SHS ALCON INC 16,874 16,874
742 SHS ALPHABET INC CL A 103,650 103,650
11065 SHS ALPHABETH INC CL C 1,559,390 1,559,390
232 SHS AMADEUS IT GROUP S.A ADR 16,627 16,627
10821 SHS AMAZON 1,644,143 1,644,143
239 SHS AMERICAN TOWER CORP 51,595 51,595
4783 SHS ANALOG DEVICES INC COM USD0.16 2/3 949,713 949,713
3839 SHS AON PLC SHS CL A 1,117,226 1,117,226
6832 SHS APOLLO GLOBAL MGMT INC 636,674 636,674
195 SHS APOLLO GLOBAL MGMT INC SER A MAND CNV PFD 10,996 10,996
8262 SHS APPLE INC 1,590,683 1,590,683
533 SHS ARCELORMITTAL CL A NY REGISTRY 15,132 15,132
21.912 SHS ARGENX SE ADR 8,336 8,336
78.727 SHS ARISTA NETWORKS INC 18,541 18,541
638 SHS ASML HOLDING NV 482,915 482,915
410 SHS ASTRAZENECA ADR 27,614 27,614
936 SHS ATLAS COPCO AS A ADR 16,119 16,119
289 SHS AUTOMATIC DATA PROCESSING INC 67,328 67,328
1072 SHS BANK OF AMERICA CORP 36,094 36,094
1718 SHS BERKSHIRE HATHAWAY INC CL B 612,742 612,742
173 SHS BECTON DICKINSON & CO 42,183 42,183
1203 SHS BK OF AMERICA CORP DP SH NCUM NN 23,386 23,386
43 SHS BLACKROCK INC C 34,907 34,907
257883.18 SHS BLACKROCK LIQ FEDFUND INST 257,883 257,883
9346 SHS BLACKSTONE INC 1,223,578 1,223,578
539 SHS BRAMBLES LTD SPONSORED ADR 10,004 10,004
557 SHS CDN PACIFIC RY LTD NEW 44,036 44,036
202 SHS CHEVRON CORP 30,130 30,130
132 SHS CME GROUP INC 27,799 27,799
1182 SHS COMCAST CORP (NEW) CLASS A 51,831 51,831
274 SHS COMPASS GROUP PLC SPD ADR 7,496 7,496
518 SHS COMPUTERSHARE LTD SPN ADR 8,621 8,621
622 SHS COTERRA ENERGY INC COM 15,873 15,873
222 SHS CRH PLC ADR 15,354 15,354
259 SHS CROWN HLDGS INC 23,851 23,851
7935 SHS CSX CORP 275,106 275,106
483 SHS DAIICHI SANKYO CO LTD SPON 13,266 13,266
773 SHS DEUTSCHE BOERSE AG UNSPON ADR 15,925 15,925
977 SHS DEUTSCHE TELEKOM AG 1 ORD 23,473 23,473
306 SHS WALT DISNEY CO HLDG CO 27,629 27,629
4900 SHS DR HORTON INC 744,702 744,702
912 SHS DUKE ENERGY CORP NEW DP REP PFD A 22,253 22,253
132 SHS EATON CORP PLC SHS 31,788 31,788
329 SHS ECOLAB INC 65,257 65,257
52 SHS EDENRED S A ADR 1,555 1,555
339 SHS EDP ENERGIAS DE PORTGUAL SA 17,057 17,057
1797 SHS ELEVANCE HEALTH INC 847,393 847,393
3053 SHS ELI LILLY AND CO 1,779,655 1,779,655
675 SHS EMERSON ELECTRIC CO 65,698 65,698
9710 SHS EQT CORP 375,389 375,389
128 SHS ESSILORLUXOTTICA ADR 12,839 12,839
147 SHS GIVAUDAN SA ADR 12,170 12,170
1827 SHS HALEON PLC ADR 15,036 15,036
948 SHS HOME DEPOT INC 328,529 328,529
297 SHS HONEYWELL INTERNATIONAL INC 62,284 62,284
212 SHS HONG KONG EXCHANGES & CLEARING 7,276 7,276
89.395 SHS HOYA CORP SPONS ADR 11,176 11,176
145 SHS IBERDROLA SA SPON ADR 7,605 7,605
42 SHS ICON PLC 11,889 11,889
1145 SHS INDUSTRIA DE DISENO TESTIL IND 24,936 24,936
173 SHS INTERCONTINENTAL EXCHANGE INC 22,218 22,218
552 SHS INTESA SANPAOLO S.P.A. ADR 9,672 9,672
549 SHS JOHNSON & JOHNSON 86,050 86,050
4900 SHS JP MORGAN CHASE & CO 833,490 833,490
655 SHS JPMORGAN CHASE &CO 4.625 DEP PFD 13,676 13,676
168 SHS KERING S A ADR NEW 7,405 7,405
2045 SHS KINDER MORGAN INCORP 36,074 36,074
173 SHS L OREAL CO ADR 17,224 17,224
46 SHS L3HARRIS TECHNOLOGIES INC COM 9,689 9,689
389 SHS LEGRAND SA 8,087 8,087
4783 SHS LENNAR CORP COM 712,858 712,858
72 SHS LINDE PLC 29,571 29,571
930 SHS LONDON STK EXCHANGE GROUP ADR 27,487 27,487
155 SHS LVMH MOET HENNESSY LOUIS VUITT 25,122 25,122
619 SHS MERCK & CO 67,483 67,483
127 SHS META PLATFORMS INC CL A 44,953 44,953
6442 SHS MICROSOFT CORP 2,422,450 2,422,450
460 SHS MONDELEZ INT INC COM NPV 33,318 33,318
180 SHS MONOTARO CO LTD ADR 1,966 1,966
4316 SHS MOTOROLA SOLUTIONS INC 1,351,296 1,351,296
254 SHS NESTLE SPON ADR REP REG 29,427 29,427
82.21 SHS NETFLIX INC 40,026 40,026
367 SHS NEXTERA ENERGY INC UNIT 09-01-25 13,990 13,990
973 SHS NEXTERA ENERGY CAP SECURITY-LINKED HLDGS 23,615 23,615
8873 SHS NEXTERA ENERGY INC 538,946 538,946
29.317 SHS NICE LTD ADR 5,849 5,849
180 SHS NOMURA RESH INST LTD ADR 5,236 5,236
356 SHS NOVO NORDISK A/S ADR 36,828 36,828
2975 SHS NVIDIA CORPORATION COM 1,473,280 1,473,280
902 SHS OLYMPUS CORPORATION SPONS ADR 13,056 13,056
7056 SHS ORACLE CORP 743,914 743,914
348 SHS PFIZER INC 10,019 10,019
2036 SHS PIONEER NATURAL RESOURCES CO 457,856 457,856
529 SHS PPG INDUSTRIES INC 79,112 79,112
380 SHS PROCTER & GAMBLE 55,685 55,685
254 SHS PROGRESSIVE CORP OHIO 40,457 40,457
3271 SHS PROLOGIS INC 436,024 436,024
85 SHS QUALCOMM INC 12,294 12,294
6228 SHS RTX CORPORATION 524,024 524,024
353 SHS RELX PLC SPONSORED ADR 14,000 14,000
349 SHS RENTOKIL GROUP PLC SP ADR 9,985 9,985
174 SHS SANDVIK AB SPONS ADR 3,766 3,766
147 SHS SAP AG 22,725 22,725
85.296 SHS SHERWIN WILLIAMS COMPANY OHIO 26,604 26,604
261 SHS SHISHEIDO LTD SPON ADR 7,872 7,872
113 SHS SHOPIFY INC 8,803 8,803
410 SHS SMC CORP JAPAN SPONSORED ADR 11,016 11,016
235 SHS SONY GROUP CORPORATION ADR 22,252 22,252
426 SHS STRAUMANN HLDG AG ADR 6,863 6,863
118 SHS STRYKER CORP 35,336 35,336
269 SHS TARGET CORPORATION 38,311 38,311
1419.574 SHS THERMO FISHER SCIENTIFIC INC 753,496 753,496
82 SHS THOMSON REUTERS CORP 11,990 11,990
1119 SHS TJX COS INC NEW 104,973 104,973
8563 SHS T-MOBILE US INC 1,372,906 1,372,906
263 SHS TOKYO ELECTRON LTD UNSPON ADR 23,557 23,557
452 SHS TRAVELERS COMPANIES INC COM 86,102 86,102
6421 SHS UBBER TECHNOLOGIES INC 395,341 395,341
2707.816 SHS UNION PACIFIC CORP 665,094 665,094
278 SHS UNITED PARCEL SER INC CL-B 43,710 43,710
108 SHS UNITEDHEALTH GP IC 56,859 56,859
1031 SHS US BANCORP COM NEW 44,622 44,622
2367 SHS VISA INC 616,248 616,248
112 SHS VULCAN MATERIALS CO 25,425 25,425
241 SHS WALMART INC 37,994 37,994
505 SHS WASTE MGMT INC 90,446 90,446
597 SHS WELLS FARGO CO NEW DP PF CL A SR Z 11,898 11,898

TY 2023 InvestmentsGovtObligationsSch
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
US Government Securities - End of Year Book Value:

4,523,362
US Government Securities - End of Year Fair Market Value:

4,523,362
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 LegalFeesSchedule
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 7,360 0   7,360


TY 2023 OtherAssetsSchedule
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED DIVIDEND 20,302 25,093 25,093


TY 2023 OtherExpensesSchedule
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 40 0   40
REGISTRATION AND FILING FEES 125 0   125
OFFICE EXPENSES 20,302 0   496
LIABILITY INSURANCE 6,132 613   5,519
ACCRUED INTEREST PAID 2,400 1,769   0
BOND PREMIUM AMORTIZATION 861 807   0


TY 2023 OtherIncomeSchedule2
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
NONDIVIDEND DISTRIBUTIONS 15,215 0 15,215
ACCRUED DIVIDEND 7,678 0 7,678
FOREIGN EXCHANGE 1 1 1


TY 2023 OtherIncreasesSchedule
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
Description Amount
UNREALIZED 6,609,614


TY 2023 OtherProfessionalFeesSchedule
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 265,144 265,144   0
CONSULTING FEES 111,257 0   111,257


TY 2023 TaxesSchedule
Name:
SAUL FOUNDATION FOR PROGRESS INC
 
C/O NIXON PEABODY LLP
EIN:
47-4954803
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 2,707 2,707   0