TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
THE ASBJORN LUNDE FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)55 UNION STREET 1104
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEWARK, NJ07105

A Employer identification number

45-2609121

B Telephone number (see instructions)

(518) 392-4430

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$23,117,556J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	2,965		2,965
4	Dividends and interest from securities...	107,511		107,511
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,249,207
b	Gross sales price for all assets on line 6a 4,456,144
7	Capital gain net income (from Part IV, line 2)...			1,249,207
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	3,438	3,438
12	Total. Add lines 1 through 11........	1,363,121		1,363,121
13	Compensation of officers, directors, trustees, etc.	200,000		0	200,000
14	Other employee salaries and wages......	100,000		0	100,000
15	Pension plans, employee benefits.......	129,895		0	129,895
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	15,998	0	15,998
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	49,790	41,207	8,583
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	7,610	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	22,550		0	22,550
21	Travel, conferences, and meetings.......	53,341		0	53,341
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	28,616	0	28,616
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	607,800		41,207	558,983
25	Contributions, gifts, grants paid.......	1,037,300			1,037,300
26	Total expenses and disbursements. Add lines 24 and 25	1,645,100		41,207	1,596,283
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-281,979
b	Net investment income (if negative, enter -0-)			1,321,914
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	594	594	594
	2	Savings and temporary cash investments.........	171,813	397,739	397,739
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	147,328	0	0
	b	Investments—corporate stock (attach schedule).......	2,787,789	List of Attached Documents: // Content 2,474,979	3,128,014
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,614,096	List of Attached Documents: // Content 1,566,329	1,565,222
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 17,400,896	List of Attached Documents: // Content 17,400,896	List of Attached Documents: // Content 18,025,987
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	22,122,516	21,840,537	23,117,556
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	22,122,516	21,840,537
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	22,122,516	21,840,537
	30	Total liabilities and net assets/fund balances (see instructions).	22,122,516	21,840,537

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

22,122,516

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

-281,979

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

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

21,840,537

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

21,840,537

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
1 a	PROCEEDS FROM SALE OF ARTWORK	P
b	SALES OF PUBLICLY TRADED SECURITIES	P
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,295,033		1,295,033
b	3,160,596	3,206,937	-46,341
c	515		515
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			1,295,033
b			-46,341
c			515
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,249,207
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	18,375
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	18,375
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	18,375
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	10,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	10,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	424
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	8,799
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

STEVEN KERN Telephone no. right arrow

(518) 392-4430

Located at right arrow

55 UNION STREET SUITE 1104NEWARKNJ ZIP+4 right arrow

07105

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

Yes

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation
STEVEN KERN	PRESIDENT 40.00	200,000	66,000
55 UNION STREET SUITE 1104 NEWARK,NJ07105	PRESIDENT 40.00	200,000	66,000
JOHN PHILIP	SECRETARY 3.00	0	0
55 UNION STREET SUITE 1104 NEWARK,NJ07105	SECRETARY 3.00	0	0
MADELINE LANCIANI	TREASURER 1.00	0	0
55 UNION STREET SUITE 1104 NEWARK,NJ07105	TREASURER 1.00	0	0
DR GEORGE ROBB	DIRECTOR 1.00	0	0
55 UNION STREET SUITE 1104 NEWARK,NJ07105	DIRECTOR 1.00	0	0
DR KURT SUNDSTROM	DIRECTOR 1.00	0	0
55 UNION STREET SUITE 1104 NEWARK,NJ07105	DIRECTOR 1.00	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JOSEPHINE NIEUWENHUIS	REGISTRAR 40.00	100,000	33,000	0
55 UNION STREET SUITE 1104 NEWARK,NJ07105	REGISTRAR 40.00	100,000	33,000	0








Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

5,015,880

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

314,224

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

18,025,987

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

23,356,091

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

23,356,091

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

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

350,341

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

23,005,750

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

1,150,288

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

1,150,288

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

18,375

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

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

18,375

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

1,131,913

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

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

1,131,913

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

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

1,131,913

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,596,283

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,596,283

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				1,131,913
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			974,151
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: $ 1,596,283
a Applied to 2022, but not more than line 2a			974,151
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.....				622,132
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 ..........				509,781
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)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN FRIENDS OF THE MAURITSHUIS 114 EAST 36TH STREET 3RD FLOOR NEW YORK,NY10016	N/A	PC	GENERAL OPERATING SUPPORT	2,500
CHURCH STREET SCHOOL FOR MUSIC & ART 41 WHITE STREET NEW YORK,NY10013	N/A	PC	GENERAL OPERATING SUPPORT	7,500
CURRIER MUSEUM OF ART 150 ASH ST MANCHESTER,NH03104	N/A	PC	GENERAL OPERATING SUPPORT	15,000
FRIENDS OF DUANE PARK 55 HUDSON STREET NEW YORK,NY10013	N/A	PC	GENERAL OPERATING SUPPORT	7,500
UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION INC 134 HICKS WAY MEMORIAL HALL AMHERST,MA01003	N/A	PC	ANNE MOCHON INTERNSHIP FUND	10,000
HUDSON HALL 327 WARREN ST HUDSON,NY12534	N/A	PC	BOARD DISCRETIONARY GRANT FOR GENERAL OPERATING USE	50,000
HUDSON HALL 327 WARREN ST HUDSON,NY12534	N/A	PC	BOARD DISCRETIONARY GRANT FOR GENERAL OPERATING USE	25,000
HUDSON HALL 327 WARREN ST HUDSON,NY12534	N/A	PC	BOARD DISCRETIONARY GRANT FOR GENERAL OPERATING USE	20,000
HUDSON HALL 327 WARREN ST HUDSON,NY12534	N/A	PC	BOARD DISCRETIONARY GRANT FOR GENERAL OPERATING USE	17,000
KBFUS 551 FIFTH AVENUE SUITE 2400 NEW YORK,NY10176	N/A	PC	FULBRIGHT 2024	100,000
KBFUS 551 FIFTH AVENUE SUITE 2400 NEW YORK,NY10176	N/A	PC	FULBRIGHT 2024	25,000
KBFUS 551 FIFTH AVENUE SUITE 2400 NEW YORK,NY10176	N/A	PC	FULBRIGHT 2024	21,300
KBFUS 551 FIFTH AVENUE SUITE 2400 NEW YORK,NY10176	N/A	PC	FULBRIGHT 2024	125,000
KBFUS 551 FIFTH AVENUE SUITE 2400 NEW YORK,NY10176	N/A	PC	FULBRIGHT 2024	23,000
NETHERLAND-AMERICA FOUNDATION 505 EIGHTH AVENUE NEW YORK,NY10018	N/A	PC	FOR THE TEYLERS MUSEUM	2,500
OLANA PARTNERSHIP PO BOX 199 HUDSON,NY12534	N/A	PC	GENERAL OPERATING SUPPORT	35,000
ORCHESTRA OF ST LUKE'S 450 WEST 37TH STREET SUITE 502 NEW YORK,NY10018	N/A	PC	BOARD DISCRETIONARY GRANT FOR GENERAL OPERATING USE	76,000
STERING AND FRANCINE CLARK ART INSTITUTE 225 SOUTH STREET WILLIAMSTOWN,MA01267	N/A	PC	MUNCH MUSEUM	100,000
STERING AND FRANCINE CLARK ART INSTITUTE 225 SOUTH STREET WILLIAMSTOWN,MA01267	N/A	PC	OM CATALOG	375,000
Total ................................. 3a				1,037,300

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	2,965
4 Dividends and interest from securities ....			14	107,511
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	1,249,207
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFOREIGN CURRENCY EXCHANGE ADJUSTMENT			01	3,438
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		1,363,121	0

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

1,363,121

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

THE ASBJORN LUNDE FOUNDATION INC

EIN:

45-2609121

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEES	15,998	0		15,998

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

THE ASBJORN LUNDE FOUNDATION INC

EIN:

45-2609121

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC COM (ABBV) 526 SHRS	54,798	81,514
AIR PROD & CHEM INC (APD) 64.608 SHRS	16,283	17,690
ALLSTATE CORP (ALL) 180 SHRS	19,132	25,196
ALPHABET INC CL A (GOOGL) 609 SHRS	68,363	85,071
AMGEN INC (AMGN) 22.303 SHRS	5,016	6,424
AMAZON COM INC (AMZN) 620 SHRS	89,387	94,203
APPLE INC (AAPL) 521 SHRS	68,294	100,308
ASTRAZENECA PLC ADR (AZN) 212 SHRS	14,812	14,278
ARCHER DANIELS MIDLAND (ADM) 131 SHRS	10,893	9,461
BANK OF AMERICA CORP (BAC) 1688 SHRS	56,184	56,835
BLACKROCK INC (BLK) 30.075 SHRS	19,416	24,415
BOEING CO (BA) 86 SHRS	16,344	22,417
BP PLC ADS (BP) 697 SHRS	22,563	24,673
BROADCOM INC (AVGO) 130.037 SHRS	72,071	145,154
CHUBB LTD (CB) 162 SHRS	33,602	36,612
CHEVRON CORP (CVX) 74.933 SHRS	12,504	11,177
CISCO SYSTEMS INC (CSCO) 1198 SHRS	57,195	60,523
CME GROUP INC (CME) 70.504 SHRS	14,624	14,848
COLGATE PALMOLIVE CO (CL) 246 SHRS	18,810	19,609
COPART INC (CPRT) 576 SHRS	16,276	28,224
CORNING INC (GLW) 219 SHRS	23,132	20,248
CROWN CASTLE INC (CCI) 431 SHRS	53,518	49,647
DANAHER CORPORATION (DHR) 147 SHRS	39,874	34,009
EATON CORP PLC SHS (ETN) 200 SHRS	37,585	48,164
ELEVANCE HEALTH INC (ELY) 73 SHRS	33,225	34,424
ELI LILLY & CO (LLY) 91 SHRS	28,205	53,046
EMERSON ELECTRIC CO (EMR) 173 SHRS	16,753	16,837
EXXON MOBIL CORP (XOM) 559 SHRS	50,752	55,888
GILEAD SCIENCE (GILD) 185 SHRS	16,022	15,068
HOME DEPOT INC (HD) 249.139 SHRS	72,246	86,339
HONEYWELL INTL INC (HON) 242 SHRS	45,371	50,750
INTERCONTINENTAL EXCHANGE INC (ICE) 401 SHRS	32,578	51,500
JOHNSON & JOHNSON (JNJ) 424.770 SHRS	61,090	66,580
JPMORGAN CHASE & CO (JPM) 593 SHRS	69,489	100,870
LINDE PLC (LIN) 70 SHRS	11,488	28,750
MC DONALDS CORP (MCD) 148 HRS	36,550	43,883
MEDTRONIC PLC SHS (MDT) 450 SHRS	41,868	37,071
MERCK & CO INC NEW COM (MRK) 616 SHRS	54,642	67,156
META PLATFORMS INC CL A (META) 294 SHRS	96,640	104,064
METLIFE INCORPORATED (MET) 618 SHRS	31,803	40,868
MICROSOFT CORP (MSFT) 463 SHRS	112,136	174,107
M0NDELEZ INTL INC COM (MOLZ) 221 SHRS	16,021	16,007
MOTOROLA SOLUTIONS INC (MSI) 54 SHRS	4,575	16,907
NEXTERA ENERGY INC (NEE) 388 SHRS	30,600	23,567
NORTHROP GRUMMAN CP(HLDG CO) (NOC) 30 SHRS	14,050	14,044
NVIDIA CORPORATION (NVDA) 132 SHRS	5,285	65,369
O'REILLY AUTOMOTIVE INC NEW (ORLY) 64 SHRS	40,054	60,805
PALO ALTO NETWORKS INC (PANW) 140 SHRS	17,259	41,283
PROCTER & GAMBLE (PG) 258 SHRS	31,909	37,808
PROLOGIS INC COM (PLD) 208 SHRS	24,233	27,726
PFIZER INC (PFE) 281 SHRS	14,174	8,090
REPUBLIC SERVICES INC (RSG) 426 SHRS	36,774	70,252
ROCKWELL AUTOMATION INC (R0K) 58 SHRS	17,213	18,008
S&P GLOBAL INC COM (SPGI) 128 SHRS	55,560	56,387
SALESFORCE INC (CRM) 191 SHRS	49,040	50,260
SBA COMMUNICATIONS CORP NEW CL A (SBAC) 157 SHRS	44,948	39,829
SEMPRA (SRE) 181 SHRS	13,214	13,526
SHERWIN WILLIAMS COMPANY OHIO (SHW) 202.195 SHRS	55,845	63,065
THERMO FISHER SCIENTIFIC (TMO) 27 SHRS	7,015	14,331
THE CIGNA GROUP (CL) 52 SHRS	13,787	15,571
TJX COS INC NEW (TJX) 828 SHRS	59,862	77,675
T-MOBILE US INC COM (TMUS) 107 SHRS	15,223	17,155
UNITED RENTALS INC (URI) 76 SHRS	27,387	43,580
UNITEDHEALTH GP INC (UNH) 226.965 SHRS	95,078	119,490
VALERO ENERGY CP DELA NEW (VLO) 288 SHRS	32,642	37,440
VERIZON COMMUNICATIONS (VZ) 766 SHRS	32,041	28,878
VISA INC CL A (V) 325.593 SHRS	62,514	84,768
WALMART INC (WMT) 52.597 SHRS	7,142	8,292

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

THE ASBJORN LUNDE FOUNDATION INC

EIN:

45-2609121

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AB H/I MUNI PFT ADV (ABTYX) 13026.068 SHRS	AT COST	148,017	133,778
AMERICAN INFL LNKD BD F2 (BFIGX) 3271.343 SHRS	AT COST	34,442	29,933
AMERICAN STRATEGIC BOND F2 (ANBFX) 5906.939 SHRS	AT COST	62,150	54,875
FIRST EAGLE GLOBAL I (SGIIX) 347.907 SHRS	AT COST	21,620	22,071
JPMORGAN STRAT INC OPPORT (IUSOSX) 8730.754	AT COST	99,609	99,618
PACER US CASH COWS 100 ETF (COWZ) 1,402 SHRS	AT COST	65,077	72,890
PACER US SML CAP CASH COWS ELF (CALF) 1,650 SHRS	AT COST	70,241	79,250
GUGGENHEIM TOTAL RETURN BD I (GIBIX) 1943.141 SHRS	AT COST	55,248	46,071
JOHN HANCOCK DISC VAL MDCP I (JVMIX) 1454.163 SHRS	AT COST	37,652	39,800
MFS LIMITED MATURITY I (MQLIX) 17256.621 SHRS	AT COST	99,722	99,571
PGIM SHRT DUR HGH YLD INC Z (HYSZX) 4526.312 SHRS	AT COST	40,422	37,885
PIMCO INCOME 12 (PONPX) 7423.794 SHRS	AT COST	76,863	78,841
SPDR BLOOMBERG 1-3 MONTH T-B (BIU) 63.197 SHRS	AT COST	5,785	5,776
UTILITIES SEL SECT SPDR FUND (XLU) 541 SHRS	AT COST	33,776	34,262
ISHARES 20+ YR TREASU BOND ETF (TLT) 458 SHRS	AT COST	45,941	45,287
ISHARES CORE S&P 500 ETF (IVV) 31.853 SHRS	AT COST	13,927	15,214
ISHARES RUSSELL 1000 GRW ETF (IWF) 51,893 SHRS	AT COST	13,229	15,732
ISHARES RUSSELL 1000 VALUE ETF (IWD) 31.523 SHRS	AT COST	4,789	5,209
VANGUARD SHORT TERM BND (BSV) 346 SHRS	AT COST	26,344	26,649
VANGUARD TOTAL BOND MARKET (BND) 1,625.000 SHRS	AT COST	117,981	119,519
ALLSPRING SPEC SM CP VAL I (ESPNX) 184.911 SHRS	AT COST	6,749	7,637
BLACKROCK GLB EQ MKT NEUTRAL I (BDMIX) 1,141.496 SHRS	AT COST	13,686	14,417
BLACKROCK GLOBAL L/S CREDIT I (BGCIX) 2,451.588 SHRS	AT COST	21,299	21,795
BLACKROCK LOW DUR BD INV INST (BFMSX) 8,841.056 SHRS	AT COST	78,774	79,658
BLACKSTONE ALT MULTI-STRAT I (BXMIX) 691 SHRS	AT COST	7,025	7,283
CAUSEWAY INTL VALUE INSTL (CIVIX) 552.784 SHRS	AT COST	10,473	10,812
COHEN & STEERS GLB RLTY FOC I (CSSPX) 294.542 SHRS	AT COST	14,365	15,319
COLUMBIA DIVIDEND INCOME INST (GSFTX) 306.160 SHRS	AT COST	8,787	9,310
DWS ENHANCED COMM STRAT INST (SKIRX) 2,559.316 SHRS	AT COST	14,695	14,435
FEDERATED HRMS TTL RET BD IS (FTRBX) 4639.825 SHRS	AT COST	44,021	44,450
GOLDMAN SACHS GQG INTL OPP I (GSIMX) 576.718 SHRS	AT COST	10,335	11,425
INVESCO CONSERVATIVE INC INST (ICIFX) 6,476.082 SHRS	AT COST	64,644	65,020
INVESCO EQV EM MKT ALL CAP Y (GTDYX) 439.126 SHRS	AT COST	14,714	14,619
METROPOLITAN WEST TOT RET BD I (MWTIX) 14,950.878 SHRS	AT COST	136,014	137,399
NATIONWIDE GENEVA SMCP GW F (NWKDX) 98.365 SHRS	AT COST	7,113	7,711
WESTERN ASSET CORE PLUS BD I (WACPX) 4,352.919 SHRS	AT COST	40,800	41,701

- TIN:

TY 2023 OtherAssetsSchedule

Name:

THE ASBJORN LUNDE FOUNDATION INC

EIN:

45-2609121

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
SECURITY DEPOSIT	3,900	3,900	3,900
ARTWORK	17,396,996	17,396,996	18,022,087

- TIN:

TY 2023 OtherExpensesSchedule

Name:

THE ASBJORN LUNDE FOUNDATION INC

EIN:

45-2609121

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
OFFICE EXPENSES	1,032	1,032
FINE ARTS STORAGE, MOVING AND SHIPPING	22,901	22,901
FINE ARTS DATABASE	1,020	1,020
PAYROLL FEES	2,325	2,325
MISCELLANEOUS EXPENSE	1,338	1,338

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

THE ASBJORN LUNDE FOUNDATION INC

EIN:

45-2609121

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FOREIGN CURRENCY EXCHANGE ADJUSTMENT	3,438	3,438	3,438

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

THE ASBJORN LUNDE FOUNDATION INC

EIN:

45-2609121

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	41,207	41,207		0
ART CONSERVATION	8,583	0		8,583

- TIN:

TY 2023 TaxesSchedule

Name:

THE ASBJORN LUNDE FOUNDATION INC

EIN:

45-2609121

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES	7,610	0		0