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
JES AVANTI FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)7350 KNOLLTOP PLACE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
HUGHESVILLE, MD20637

A Employer identification number

47-2624595

B Telephone number (see instructions)

(240) 254-2565

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

$19,409,957J 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	(c) Adjusted net 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
4	Dividends and interest from securities...	633,291		633,291	633,291
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		402,902
b	Gross sales price for all assets on line 6a 402,902
7	Capital gain net income (from Part IV, line 2)...			402,902
8	Net short-term capital gain.........				516
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).......
12	Total. Add lines 1 through 11........	1,036,193		1,036,193	633,807
13	Compensation of officers, directors, trustees, etc.	0		0	0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	66,953	50,215	40,215	16,738
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	28,349	7,867	7,867	18,979
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	124,577	0	10,236
20	Occupancy..............	8,666		0	0	8,666
21	Travel, conferences, and meetings.......	1,374		0	0	1,374
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	371,503	0	0	371,503
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	601,422		58,082	58,318	417,260
25	Contributions, gifts, grants paid.......	2,159				2,159
26	Total expenses and disbursements. Add lines 24 and 25	603,581		58,082	58,318	419,419
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	432,612
b	Net investment income (if negative, enter -0-)			978,111
c	Adjusted net income (if negative, enter -0-)...				575,489

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.............	407,020	325,652	325,652
	2	Savings and temporary cash investments.........
	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)
	b	Investments—corporate stock (attach schedule).......	6,623,651	List of Attached Documents: // Content 7,142,819	8,512,578
	c	Investments—corporate bonds (attach schedule).......	9,273,220	List of Attached Documents: // Content 9,149,727	9,008,417
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 1,932,998
		Less: accumulated depreciation (attach schedule) 762,921	1,218,922	List of Attached Documents: // Content 1,170,077	1,170,077
	15	Other assets (describe )	List of Attached Documents: // Content 0	List of Attached Documents: // Content 393,233	List of Attached Documents: // Content 393,233
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	17,522,813	18,181,508	19,409,957
	17	Accounts payable and accrued expenses..........	209,021	418,032
	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).........	209,021	418,032
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	17,313,792	17,313,792
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	449,684
	29	Total net assets or fund balances (see instructions).....	17,313,792	17,763,476
	30	Total liabilities and net assets/fund balances (see instructions).	17,522,813	18,181,508

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) ...............

17,313,792

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

432,612

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

List of Attached Documents:

// Content

17,072

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

17,763,476

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 .

17,763,476

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.)
1 a	PUBLICLY TRADED SECURITIES	P	2023-12-31
b	PUBLICLY TRADED SECURITIES	P	2023-12-31
c	SALE OF OLD PARKER BOAT	P
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	516			516
b	262,933			262,933
c	115,000	149,216	149,216	115,000
d	24,453			24,453
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			516
b			262,933
c			115,000
d			24,453
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	402,902
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	516

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	13,596
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	13,596
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	13,596
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	6,480
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	16,480
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,884
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax2,884	Refunded	11	0

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 .............................

Yes

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

WWW.JESAVANTIFOUNDATION.ORG

The books are in care of right arrow

KILNER CAPITAL ADVISORS LLC Telephone no. right arrow

(301) 840-0501

Located at right arrow

438 N FREDERICK AVEGAITHERSBURGMD ZIP+4 right arrow

20877

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)

Yes

(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)

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

1a(4)

(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	(e) Expense account, other allowances
JAMES SANDERS	PRESIDENT 10.00	0	0	0
7350 KNOLLTOP PLACE HUGHESVILLE,MD20637	PRESIDENT 10.00	0	0	0
LIZ SANDERS	SECRETARY 20.00	0	0	0
7350 KNOLLTOP PLACE HUGHESVILLE,MD20637	SECRETARY 20.00	0	0	0
JOSHUA SANDERS	DIRECTOR 1.00	0	0	0
7350 KNOLLTOP PLACE HUGHESVILLE,MD20637	DIRECTOR 1.00	0	0	0
KYLE SANDERS	DIRECTOR 1.00	0	0	0
7350 KNOLLTOP PLACE HUGHESVILLE,MD20637	DIRECTOR 1.00	0	0	0
BEAU SANDERS	DIRECTOR 1.00	0	0	0
7350 KNOLLTOP PLACE HUGHESVILLE,MD20637	DIRECTOR 1.00	0	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
NONE









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
KILNER CAPITAL ADVISORS	MGMT&ACCOUNTING SRVS	66,953
438 N FREDERICK AVENUE SUITE 465 GAITHERSBURG,MD20877	MGMT&ACCOUNTING SRVS	66,953

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	THE FOUNDATION CREATED PROGRAMS AND PURCHASED EQUIPMENT TO ASSIST THE DISABLED AND ECONOMICALLY DISADVANTAGED IN ENJOYING SUSTAINABLE HUNTING AND FISHING, AND VETERAN SUPPORT.	302,956
2	THE FOUNDATION PARTICIPATED IN WILDLIFE CONSERVATION, ANIMAL RESCUE AND REHABILITATION, ECOLOGY AND NATURAL RESOURCE MANAGEMENT.	109,387
3	THE FOUNDATION SUPPORTS NATURE APPRECIATION AND EDUCATION TO STRENGTHEN THE RELATIONSHIP BETWEEN PEOPLE AND THEIR ENVIRONMENT.	82,807
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...................

16,904,786

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

366,336

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

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

17,271,122

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.........................

17,271,122

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

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

259,067

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

17,012,055

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

850,603

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..................

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

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

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

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

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

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

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

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

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 ..........

419,419

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...............................

468,965

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. .......

888,384

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........
4Qualifying distributions for 2023 from Part
XI, line 4: $
a Applied to 2022, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2023 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2023.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

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

2016-03-15

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
	575,489	470,090	467,020	215,278	1,727,877
b 85% (0.85) of line 2a .........	489,166	399,577	396,967	182,986	1,468,695
c Qualifying distributions from Part XI, line 4 for each year listed .....	888,384	609,497	419,855	362,849	2,280,585
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	2,158	1,750	4,145	2,612	10,665
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	886,226	607,747	415,710	360,237	2,269,920
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	567,069	557,893	571,951	483,829	2,180,742
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

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
FAUNA & FLORA USA 1720 N STREET NW FOURTH FLOOR WASHINGTON,DC20036	NONE	PC	TO HELP PROTECT AND RESTORE OUR NATURAL WORLD.	150
JANE GOODALL INSTITUTE 1595 SPRING HILL RD 550 VIENNA,VA22182	NONE	PC	TO IMPROVE THE LIVES OF PEOPLE, ANIMALS, AND THE ENVIRONMENT.	605
ANIMALS AUSTRALIA 37 OCONNELL ST ST NORTH MELBOURNE,VIC AS	NONE	PC	TO RAISE AWARENESS AND SHINE LIGHT ON ANIMAL CRUELTY.	71
MIDATLANTIC GERMAN SHEPHERD RESCUE PO BOX 353 MT AIRY,MD21771	NONE	PC	TO REHABILITATE AND PROVIDE A SECOND CHANCE TO GERMAN SHEPHERDS.	100
THE HUMANE SOCIETY OF CHARLES COUNTY 71 INDUSTRIAL PARK DR WALDORF,MD20602	NONE	PC	TO PROVIDE SHELTER AND CARE FOR HOMELESS, INJURED, AND NEGLECTED ANIMALS.	200
TROPICAL AUDUBON SOCIETY 5530 SUNSET DR MIAMI,FL33143	NONE	PC	TO CONSERVE AND RESTORE SOUTH FLORIDA ECOSYSTEMS.	1,033
Total ................................. 3a				2,159

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 ...........
4 Dividends and interest from securities ....			14	633,291
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	402,902
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		1,036,193	0

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

1,036,193

(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:

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

TY 2023 DepreciationSchedule

Name:

JES AVANTI FOUNDATION INC

EIN:

47-2624595

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Adjusted Net Income
BOAT	2015-06-12	149,216	149,216	200DB	7.000000000000	0	0
REGION 2000 POLARIS 4 WHEELER	2015-09-08	11,874	11,874	200DB	7.000000000000	0	0
TRACTOR	2015-08-25	44,850	44,850	200DB	7.000000000000	0	0
JOHN DEERE MULE	2015-08-25	15,600	15,600	200DB	7.000000000000	0	0
SHED	2015-10-16	3,999	3,999	200DB	7.000000000000	0	0
FLAG POLE	2016-12-28	1,068	532	150DB	15.000000000000	63	0
BUSH HOG	2016-12-27	3,540	3,540	200DB	5.000000000000	0	0
MOWER	2016-04-21	8,669	8,669	200DB	5.000000000000	0	0
FORD TRANSIT VAN	2016-09-15	36,557	36,557	200DB	5.000000000000	0	0
WOODS PLANTER	2016-04-15	8,768	4,368	150DB	15.000000000000	518	0
POLE BARN	2016-10-18	17,884	4,035	SL	27.500000000000	650	0
FERRUM HOUSE	2016-11-15	37,126	8,269	SL	27.500000000000	1,350	0
BOAT - 29 FT	2017-06-13	112,955	97,833	200DB	7.000000000000	10,081	0
NO TILL PLANTER	2017-07-27	8,990	8,990	200DB	5.000000000000	0	0
GOLF CARTS	2017-05-04	11,015	9,540	200DB	7.000000000000	983	0
MOWER	2017-05-03	10,653	10,653	200DB	5.000000000000	0	0
FERRUM HOUSE IMPROVEMENTS	2017-05-01	146,590	29,987	SL	27.500000000000	5,331	0
BARN CONSTRUCTION	2018-12-19	121,084	17,795	SL	27.500000000000	4,403	0
BOAT TRAILER	2018-05-31	3,888	3,664	200DB	5.000000000000	224	0
GOLF CARTS	2018-09-04	9,762	7,584	200DB	7.000000000000	871	0
TRUCK	2018-08-16	39,900	37,602	200DB	5.000000000000	2,298	0
SEAWALL REPAIR	2018-04-24	66,135	24,914	150DB	15.000000000000	4,122	0
BUSHWOOD WHITEHOUSE IMPROVEMENTS	2018-12-15	29,647	4,357	SL	27.500000000000	1,078	0
FERRUM HOUSE IMPROVEMENTS	2018-03-29	15,850	2,760	SL	27.500000000000	576	0
BUSH HOG	2019-08-22	6,030	4,923	200DB	5.000000000000	681	0
EXCAVATOR	2019-11-13	58,000	37,618	200DB	7.000000000000	5,823	0
BUSHWOOD BARN IMPROVEMENTS	2019-06-30	92,244	11,879	SL	27.500000000000	3,354	0
BUSHWOOD OSPREY HOUSE IMPROVEMENTS	2019-06-30	119,137	15,343	SL	27.500000000000	4,332	0
GOSHEN HOUSE AND LAND	2019-12-18	352,229	38,958	SL	27.500000000000	12,808	0
BUSHWOOD PIER	2019-10-28	77,300	38,712	200DB	10.000000000000	7,718	0
TRACKED LOADER	2020-01-14	52,908	29,770	200DB	7.000000000000	6,611	0
BOAT LIFT	2020-01-17	61,318	14,134	150DB	15.000000000000	4,718	0
FERRUM PATIO	2020-04-03	12,000	2,766	150DB	15.000000000000	923	0
OSPREY HOUSE IMPROVEMENTS	2020-12-31	61,525	4,567	SL	27.500000000000	2,237	0
BUSHWOOD FENCE	2020-08-19	11,605	2,675	150DB	15.000000000000	893	0
2020 FORD TRANSIT VAN	2020-09-15	26,033	18,535	200DB	5.000000000000	2,999	0
BUSHWOOD POOL IMPROVEMENTS	2021-04-20	30,150	1,873	SL	27.500000000000	1,096	0
BUSHWOOD POOL IMPROVEMENTS	2021-05-10	21,478	1,269	SL	27.500000000000	781	0
BUSHWOOD POOL IMPROVEMENTS	2021-09-21	5,000	235	SL	27.500000000000	182	0
BUSHWOOD GROUNDS & FACILITIES IMPROVEMENTS	2022-03-15	89,363	2,573	SL	27.500000000000	3,250	3,250
STORAGE SHED	2022-06-08	10,012		200DB	7.000000000000	0	1,430
TRAILER	2022-07-01	4,530		200DB	5.000000000000	0	906
SEE WALL REPAIRS AT BUSHWOOD	2023-12-19	35,680		SL	27.500000000000	54	54
CAR TRAILER - SLEATH 10K ENCLOSED CAR HAULER	2023-05-10	29,046		200DB	5.000000000000	24,399	3,873
PARKER BOAT TRAILER	2023-07-17	8,506		200DB	5.000000000000	7,145	709
SEAWALL REPAIR	2023-11-22	2,500		150DB	15.000000000000	2,025	14

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

JES AVANTI FOUNDATION INC

EIN:

47-2624595

Name of Bond	End of Year Book Value	End of Year Fair Market Value
INVESTMENTS - CORPORATE BONDS	9,149,727	9,008,417

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

JES AVANTI FOUNDATION INC

EIN:

47-2624595

Name of Stock	End of Year Book Value	End of Year Fair Market Value
INVESTMENTS - CORPORATE STOCKS	7,142,819	8,512,578

- TIN:

TY 2023 LandEtcSchedule2

Name:

JES AVANTI FOUNDATION INC

EIN:

47-2624595

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
REGION 2000 POLARIS 4 WHEELER	11,874	11,874	0
TRACTOR	44,850	44,850	0
JOHN DEERE MULE	15,600	15,600	0
SHED	3,999	3,999	0
FLAG POLE	1,068	595	473
BUSH HOG	3,540	3,540	0
MOWER	8,669	8,669	0
FORD TRANSIT VAN	36,557	36,557	0
WOODS PLANTER	8,768	4,886	3,882
POLE BARN	17,884	4,685	13,199
FERRUM HOUSE	37,126	9,619	27,507
BOAT - 29 FT	112,955	107,914	5,041
NO TILL PLANTER	8,990	8,990	0
GOLF CARTS	11,015	10,523	492
MOWER	10,653	10,653	0
FERRUM HOUSE IMPROVEMENTS	146,590	35,318	111,272
BARN CONSTRUCTION	121,084	22,198	98,886
BOAT TRAILER	3,888	3,888	0
GOLF CARTS	9,762	8,455	1,307
TRUCK	39,900	39,900	0
SEAWALL REPAIR	66,135	29,036	37,099
BUSHWOOD WHITEHOUSE IMPROVEMENTS	29,647	5,435	24,212
FERRUM HOUSE IMPROVEMENTS	15,850	3,336	12,514
BUSH HOG	6,030	5,604	426
EXCAVATOR	58,000	43,441	14,559
BUSHWOOD BARN IMPROVEMENTS	92,244	15,233	77,011
BUSHWOOD OSPREY HOUSE IMPROVEMENTS	119,137	19,675	99,462
GOSHEN HOUSE AND LAND	352,229	51,766	300,463
BUSHWOOD PIER	77,300	46,430	30,870
TRACKED LOADER	52,908	36,381	16,527
BOAT LIFT	61,318	18,852	42,466
FERRUM PATIO	12,000	3,689	8,311
OSPREY HOUSE IMPROVEMENTS	61,525	6,804	54,721
BUSHWOOD FENCE	11,605	3,568	8,037
2020 FORD TRANSIT VAN	26,033	21,534	4,499
BUSHWOOD POOL IMPROVEMENTS	30,150	2,969	27,181
BUSHWOOD POOL IMPROVEMENTS	21,478	2,050	19,428
BUSHWOOD POOL IMPROVEMENTS	5,000	417	4,583
BUSHWOOD GROUNDS & FACILITIES IMPROVEMENTS	89,363	5,823	83,540
STORAGE SHED	10,012	10,012	0
TRAILER	4,530	4,530	0
SEE WALL REPAIRS AT BUSHWOOD	35,680	54	35,626
CAR TRAILER - SLEATH 10K ENCLOSED CAR HAULER	29,046	24,399	4,647
PARKER BOAT TRAILER	8,506	7,145	1,361
SEAWALL REPAIR	2,500	2,025	475

- TIN:

TY 2023 OtherAssetsSchedule

Name:

JES AVANTI FOUNDATION INC

EIN:

47-2624595

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
CONSTRUCTION IN PROGRESS		393,233	393,233

- TIN:

TY 2023 OtherExpensesSchedule

Name:

JES AVANTI FOUNDATION INC

EIN:

47-2624595

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
ADMINISTRATIVE EXPENSES	5,267	5,267
NEW BOAT AND BOAT SLIP FEES	42,846	42,846
EQUIPMENT FUEL	9,607	9,607
EVENTS	221,109	221,109
INSURANCE	13,017	13,017
MAINTENANCE	39,166	39,166
SUPPLIES	21,528	21,528
PROPERTY MANAGEMENT FEES	18,963	18,963

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

JES AVANTI FOUNDATION INC

EIN:

47-2624595

Description	Amount
PRIOR PERIOD ADJUSTMENT	17,072

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

JES AVANTI FOUNDATION INC

EIN:

47-2624595

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	50,215	50,215	40,215	0
RECORDKEEPING AND MGT ASSISTANCE	16,738	0	0	16,738

- TIN:

TY 2023 TaxesSchedule

Name:

JES AVANTI FOUNDATION INC

EIN:

47-2624595

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES PAID	7,867	7,867	7,867	0
REAL ESTATE	18,979	0	0	18,979
EXCISE TAX	1,503	0	0	0