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
Michael and Ina Korek Foundation Trust
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

77-6140213
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$9,224,645J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,239 1,239  
4 Dividends and interest from securities... 228,871 228,871  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 51,535
b Gross sales price for all assets on line 6a 3,212,234
7 Capital gain net income (from Part IV, line 2)... 49,876
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
-54,452 -8,806  
12 Total. Add lines 1 through 11........ 227,193 271,180  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 110,000     110,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
47,675 47,675    
17 Interest............... 1,342 1,342    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
48,465 765    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
54,724 19,195   35,513
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 262,206 68,977   145,513
25 Contributions, gifts, grants paid....... 308,200 308,200
26 Total expenses and disbursements. Add lines 24 and 25 570,406 68,977   453,713
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -343,213
b Net investment income (if negative, enter -0-) 202,203
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......... 269,467 303,753 303,753
3 Accounts receivable right arrow2,142
Less: allowance for doubtful accounts right arrow     2,142 2,142
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) 728,339 Click to see attachment
List of Attached Documents:
// Content
972,768 		950,198
b Investments—corporate stock (attach schedule)....... 6,414,259 Click to see attachment
List of Attached Documents:
// Content
5,382,676 		5,753,536
c Investments—corporate bonds (attach schedule)....... 86,129 Click to see attachment
List of Attached Documents:
// Content
244,135 		238,501
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).......... 1,125,501 Click to see attachment
List of Attached Documents:
// Content
1,375,008 		1,976,515
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,623,695 8,280,482 9,224,645
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 8,623,695 8,280,482
29 Total net assets or fund balances (see instructions)..... 8,623,695 8,280,482
30 Total liabilities and net assets/fund balances (see instructions). 8,623,695 8,280,482
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
8,623,695
2
Enter amount from Part I, line 27a .....................
2
-343,213
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
8,280,482
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,280,482
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,212,234   3,165,522 46,712
b       3,164
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       46,712
b        
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 49,876
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 2,811
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,811
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,811
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 5,758
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,758
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 0
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 2,947
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow2,947 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow55 WALLS DRIVE FL 3FairfieldCT ZIP+4right arrow06824
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Teresa Babb Managing Trustee
25.0 		60,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Brian Korek Executive Dir
20.0 		50,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Alek Dylan Peterlin Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Brock Peterlin Trustee
0.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
6,948,398
b
Average of monthly cash balances.......................
1b
286,798
c
Fair market value of all other assets (see instructions)................
1c
1,873,910
d
Total (add lines 1a, b, and c).........................
1d
9,109,106
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
9,109,106
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
136,637
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,972,469
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
448,623
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
448,623
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,811
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
2,811
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
445,812
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
445,812
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
445,812
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
453,713
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
453,713
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 7 445,812
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 440,277
b Total for prior years:2021, 2020, 2019  
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: right arrow$ 453,713
a Applied to 2022, but not more than line 2a 440,277
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..... 13,436
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		432,376
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 ...... 		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.... 0
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).)
NONE
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

A SAFE PLACE

5674 SHATTUCK AVE
OAKLAND,CA94609 		N/A PC General & Unrestricted 3,000

AIRLINK INC

1023 15TH ST SUITE 1100
WASHINGTON,DC20005 		N/A PC General & Unrestricted 3,000

AMERICAN BIRD CONSERVANCY

8255 E MAIN ST D E
MARSHALL,VA20115 		N/A PC General & Unrestricted 2,000

ANIMAL LEGAL DEFENSE FUND

525 E COTATI AVE
COTATI,CA94931 		N/A PC General & Unrestricted 5,000

ASSOCIATION OF SMALL FOUNDATIONS

1720 N ST NW
WASHINGTON,DC20036 		N/A PC General & Unrestricted 1,000

BAT WORLD SANCTUARY

299 HIGH POINT RD
WEATHERFORD,TX76088 		N/A PC General & Unrestricted 4,000

BERKELEY BAYIT INC

1569 SOLANO AVE UNIT 513
BERKELEY,CA94707 		N/A PC Capital Campaign 1,000

CENTER FOR BIOLOGICAL DIVERSITY INC

PO BOX 710
TUCSON,AZ85702 		N/A PC General & Unrestricted 4,000

CENTER FOR DISASTER PHILANTHROPY INC

1 THOMAS CIR NW STE 700
WASHINGTON,DC20005 		N/A PC General & Unrestricted 3,000

CHABAD OF CALIFORNIA

741 GAYLEY AVE
LOS ANGELES,CA90024 		N/A PC General & Unrestricted 1,000

CHEETAH CONSERVATION FUND

PO BOX 2496
ALEXANDRIA,VA22301 		N/A PC General & Unrestricted 4,000

CHILD ADVOCATES OF SILICON VALLEY INC

509 VALLEY WAY BLDG 2
MILPITAS,CA95035 		N/A PC General & Unrestricted 5,000

COMMUNITY SCHOOL OF MUSIC AND ARTS

230 SAN ANTONIO CIR
MOUNTAIN VIEW,CA94040 		N/A PC General & Unrestricted 4,000

COMMUNITY SERVICES AGENCY

204 STIERLIN RD
MOUNTAIN VIEW,CA94043 		N/A PC General & Unrestricted 4,000

CONGREGATION SHIR HADASH

20 CHERRY BLOSSOM LN
LOS GATOS,CA95032 		N/A PC General & Unrestricted 1,000

COVENANT HOUSE CALIFORNIA

1325 N WESTERN AVE
LOS ANGELES,CA90027 		N/A PC General & Unrestricted 1,000

EAST MAUI ANIMAL REFUGE

25 MALUAINA PL
HAIKU,HI96708 		N/A PC General & Unrestricted 1,000

FRIENDS OF UTAH AVALANCHE FORE CAST CENTER INC

PO BOX 521353
SALT LAKE CTY,UT84152 		N/A PC General & Unrestricted 5,000

GLAUCOMA RESEARCH FOUNDATION

251 POST ST STE 600
SAN FRANCISCO,CA94108 		N/A PC General & Unrestricted 1,000

GREENPEACE FUND INC

1300 EYE ST NW SUITE 1100 EAST
WASHINGTON,DC20005 		N/A PC General & Unrestricted 5,000

H E R WEEKEND INC

PO BOX 77
WOODLAND HLS,CA91365 		N/A PC General & Unrestricted 4,000

HIAS INC

PO BOX 97077
WASHINGTON,DC20090 		N/A PC General & Unrestricted 1,000

HONEST REPORTING COM INC

PO BOX 23858
NEW YORK,NY10087 		N/A PC General & Unrestricted 1,000

HOPE FOR PAWS

3940 LAUREL CANYON BLVD 140
STUDIO CITY,CA91604 		N/A PC General & Unrestricted 1,000

HUMANE SOCIETY SILICON VALLEY

901 AMES AVE
MILPITAS,CA95035 		N/A PC General & Unrestricted 3,000

ISRAAID US INC

9663 SANTA MONICA BLVD PMB 848
BEVERLY HILLS,CA90210 		N/A PC General & Unrestricted 9,000

JEWISH AGENCY FOR ISRAEL-NORTH AMERICAN COUNCIL

633 3RD AVE 21ST FL
NEW YORK,NY10017 		N/A PC General & Unrestricted 5,000

JEWISH FAMILY & CHILDRENS SERVICES

2180 POST ST
SAN FRANCISCO,CA94115 		N/A PC General & Unrestricted 1,000

KARMA CAT RESCUE

346 PAUL AVE
MOUNTAIN VIEW,CA94041 		N/A PC General & Unrestricted 2,000

KIDNEY CANCER ASSOCIATION

PO BOX 676226
DALLAS,TX75267 		N/A PC Interdisciplinary RCC Focus Award fund for Dr. Guercio's Research on diet & gut microbiome with mRCC and ICI 37,500

MAKE-A-WISH FOUNDATION OF UTAH INC

771 E WINCHESTER ST
MURRAY,UT84107 		N/A PC General & Unrestricted 1,500

MARINE MAMMAL CENTER

2000 BUNKER RD FORT CRONKHITE
SAUSALITO,CA94965 		N/A PC General & Unrestricted 3,000

MAUI FAMILY YMCA

250 KANALOA AVE
KAHULUI,HI96732 		N/A PC to Help those affected by the West Maui fire 1,000

MAUI FOOD BANK INC

760 KOLU ST
WAILUKU,HI96793 		N/A PC General & Unrestricted 1,000

MAUI HUMANE SOCIETY INC

PO BOX 1047
PUUNENE,HI96784 		N/A PC General & Unrestricted 4,000

MEDECINS SANS FRONTIERES USA INC

PO BOX 5030
HAGERSTOWN,MD21741 		N/A PC General & Unrestricted 5,000

MENTOR TUTOR CONNECTION

PO BOX 391268
MOUNTAIN VIEW,CA94039 		N/A PC General & Unrestricted 1,000

MILLIES PRINCESS FOUNDATION

2873 E ETIENNE WAY
SANDY,UT84093 		N/A PC General & Unrestricted 1,500

MONTEREY BAY AQUARIUM FOUNDATION

886 CANNERY ROW
MONTEREY,CA93940 		N/A PC General & Unrestricted 1,000

MOTHERS AGAINST DRUNK DRIVING

511 E JOHN CARPENTER FREEWAY STE 70
IRVING,TX75062 		N/A PC Northern California - Boating Under the Influence Program 70,500

NATIONAL ASSOCIATION OF STATE BOATING LAW ADMINIST

1020 MONARCH ST STE 200
LEXINGTON,KY40513 		N/A PC General & Unrestricted 1,000

NIKE ANIMAL RESCUE FOUNDATION

1784 EL CODO WAY
SAN JOSE,CA95124 		N/A PC General & Unrestricted 2,000

NOVA UKRAINE

3277 S WHITE RD PMB 8475
SAN JOSE,CA95148 		N/A PC General & Unrestricted 10,000

ONE CHILD

1900 MOWRY AVE STE 103
FREMONT,CA94538 		N/A PC General & Unrestricted 1,000

PALACE OF FINE ARTS LEAGUE INC

3301 LYON ST
SAN FRANCISCO,CA94123 		N/A PC General & Unrestricted 1,000

PAWS FOR PURPLE HEARTS

10201 OLD REDWOOD HWY
PENNGROVE,CA94951 		N/A PC General & Unrestricted 1,000

PENINSULA HUMANE SOCIETY & SPCA

1450 ROLLINS RD
BURLINGAME,CA94010 		N/A PC General & Unrestricted 3,000

PERFORMING ANIMAL WELFARE SOCIETY

PO BOX 849
GALT,CA95632 		N/A PC General & Unrestricted 4,000

PETS IN NEED

871 5TH AVE
REDWOOD CITY,CA94063 		N/A PC General & Unrestricted 5,000

PETS IN NEED

871 5TH AVE
REDWOOD CITY,CA94063 		N/A PC Foster Cat Training Program 5,000

PHYSICIANS FOR SOCIAL RESPONSIBILITY INC

1111 14TH ST NW STE 700
WASHINGTON,DC20005 		N/A PC General & Unrestricted 1,000

POPULATION CONNECTION

2120 L ST NW STE 500
WASHINGTON,DC20037 		N/A PC General & Unrestricted 1,000

PROSTATE CANCER RESEARCH INSTITUTE

300 CORPORATE POINTE STE 383
CULVER CITY,CA90230 		N/A PC General & Unrestricted 1,000

SAN FRANCISCO BAY BIRD OBSERVATORY

524 VALLEY WAY
MILPITAS,CA95035 		N/A PC General & Unrestricted 1,000

SECOND HARVEST OF SILICON VALLEY

4001 N 1ST ST
SAN JOSE,CA95134 		N/A PC General & Unrestricted 5,000

SIERRA CLUB FOUNDATION

2101 WEBSTER ST STE 1250
OAKLAND,CA94612 		N/A PC General & Unrestricted 5,000

SILICON VALLEY JEWISH FILM FESTIVAL

PO BOX 2190
CUPERTINO,CA95015 		N/A PC General & Unrestricted 1,200

SMART LIFE FORUM INC

1745 PACIFIC AVE 504
SAN FRANCISCO,CA94109 		N/A PC General & Unrestricted 1,500

SOLAR COOKERS INTERNATIONAL

2400 22ND ST STE 210
SACRAMENTO,CA95818 		N/A PC General & Unrestricted 2,000

TAWONGA JEWISH COMMUNITY CORPORATION

131 STEUART ST STE 460
SAN FRANCISCO,CA94105 		N/A PC General & Unrestricted 2,000

THE CENTER FOR INVESTIGATIVE REPORTING INC

PO BOX 8307
EMERYVILLE,CA94662 		N/A PC General & Unrestricted 1,000

THE DIAN FOSSEY GORILLA FUND INTERNATIONAL

800 CHEROKEE AVE SE
ATLANTA,GA30315 		N/A PC General & Unrestricted 1,000

THE ELEPHANT SANCTUARY IN TENNESSEE

PO BOX 393
HOHENWALD,TN38462 		N/A PC General & Unrestricted 5,000

THE JEWISH FEDERATIONS OF NORTH AMERICA INC

25 BROADWAY STE 1700
NEW YORK,NY10004 		N/A PC 2023 Israel Emergency Fund 9,000

THE MANKIND PROJECT

PO BOX 383
KAYSVILLE,UT84037 		N/A PC MKP USA Marketing - Program OnBoarding and Development with focus on cultural training and racial justice 6,500

THE TECH INTERACTIVE

201 S MARKET ST
SAN JOSE,CA95113 		N/A PC General & Unrestricted 1,000

THEATREWORKS SILICON VALLEY

350 TWIN DOLPHIN DR STE 127
REDWOOD CITY,CA94065 		N/A PC General & Unrestricted 1,000

UTILITY REFORM NETWORK

360 GRAND AVE 150
OAKLAND,CA94610 		N/A PC General & Unrestricted 1,000

WILDLIFE CONSERVATION NETWORK INC

209 MISSISSIPPI ST
SAN FRANCISCO,CA94107 		N/A PC General & Unrestricted 6,000

WORLD CENTRAL KITCHEN INCORPORATED

200 MASSACHUSETTS AVE NW 7TH FL
WASHINGTON,DC20001 		N/A PC General & Unrestricted 10,000

YMCA OF SILICON VALLEY

550 S WINCHESTER BLVD STE 250
SAN JOSE,CA95128 		N/A PC General & Unrestricted 1,000
Total .................................right arrow 3a 308,200
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,239  
4 Dividends and interest from securities ....     14 228,871  
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 ............ 		525990 1,659 18 49,876  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 -76,346 14 -8,806  
bFederal Tax Refund     01 30,700  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -74,687 301,880  
13Total. Add line 12, columns (b), (d), and (e)..................
13
227,193
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


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Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

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TY 2023 DepreciationSchedule
Name:
Michael and Ina Korek Foundation Trust
EIN:
77-6140213
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2023 GeneralExplanationAttachment
Name:
Michael and Ina Korek Foundation Trust
EIN:
77-6140213
Identifier Return Reference Explanation
part I line 6A (990-PF) PART I LINE 6A (990-PF) RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $49,876 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $1,659 TOTAL PART I, LINE 6A: $51,535 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $3,212,234 BOOK BASIS: $3,165,522 NET GAIN/(LOSS): $46,712 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $3,164

TY 2023 InvestmentsCorpBondsSchedule
Name:
Michael and Ina Korek Foundation Trust
EIN:
77-6140213
Name of Bond End of Year Book Value End of Year Fair Market Value
CALIFORNIA ST GEN - 4.988% - 0 35,716 39,706
CHRISTUS HEALTH SER 2018C BOND 29,012 29,309
CHULA VISTA - 1.938% - 06/01/2 29,232 31,730
COMMONSPIRIT HEALTH - 6.073% - 35,647 36,213
LEHMAN BRTH HLD ESCROW DPS - 7 0 0
LEHMAN BRTHRS HLDGS - 0.000% - 0 38
MARSHFIELD CLINIC HLTH SYS INC 15,085 12,902
OCCIDENTAL COLLEGE - 3.015% - 30,010 22,671
PREMIER HEALTH PARTNERS SER 20 31,251 27,129
SSM HEALTH CARE - 3.823% - 06/ 28,399 29,155
TEMECULA CALIF REDEV AGY REF B 9,783 9,648

TY 2023 InvestmentsCorpStockSchedule
Name:
Michael and Ina Korek Foundation Trust
EIN:
77-6140213
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 14,418 15,300
ADOBE SYSTEMS, INC 22,026 26,250
AGNICO EAGLE MINES LTD 48,020 51,449
ALPHABET INC CL C 24,943 28,045
AMAZON COM 21,557 23,095
AMERICAN TOWER REIT INC 19,703 21,156
AMGEN INC 20,182 23,618
AMPHENOL CORPORATION 15,712 19,330
ANALOG DEVICES INC 19,546 21,246
APPLE INC 25,329 29,265
BERKSHIRE HATHAWAY INC. CLASS 132,735 173,693
CENCORA INC 28,291 33,066
CISCO SYSTEMS INC 19,681 22,229
CITIGROUP INC 99,583 100,977
COMCAST CORP 27,517 28,722
CONAGRA FOODS INC 20,379 15,677
CORTEVA INC 18,603 18,928
CROWN CASTLE INTL 14,633 17,509
CVS CAREMARK CORP 28,367 25,741
DANAHER CORP 12,157 13,186
DOLLAR GENERAL CORP 29,991 27,462
DOUBLELINE TOTAL RETURN BOND 971,868 894,926
DU PONT DE NEMOURS 34,334 36,388
EQUITY COMMONWEALTH 30,391 23,731
FAIRFAX FINL HLDGS LTD 40,451 97,601
FEDEX CORPORATION 42,628 55,653
FIRST EAGLE GLOBAL FUND CLASS 714,022 791,132
FORTIVE CORPORATION 14,034 15,462
FRANCO NEV CORP 18,856 15,181
GENERAL MOTORS 85,490 86,352
GLOBAL PAYMENTS INC 32,468 22,098
GOLDMAN SACHS TREASURYACCESS 0 148,728 148,712
GQG PARTNERS EMERGING MARKETS 407,993 465,851
GRAINGER W W INC 21,653 31,490
GRIFFIN INSTITUTIONAL ACCESS R 442,908 431,417
GROUPE DANONE ADS 66,336 68,174
GXO LOGISTICS 23,600 28,806
HEICO CORP 11,378 12,700
HONEYWELL INTL 14,330 16,987
INT'L FLAVORS & FRAGRANCES INC 12,938 12,793
INTUIT 13,564 17,501
JOHNSON & JOHNSON 93,294 107,053
JP MORGAN CHASE 63,067 97,808
LENNAR CORP 55,330 105,073
LIBERTY GLOBAL PLC - SERIES C 103,400 79,984
LIBERTY LATIN AMERICA (FORMERL 5,946 1,674
LINDE PLC COM 17,901 19,714
LOEWS CORP 33,679 42,798
LOWES COMPANIES INC 30,619 34,940
MAGNA INTERNATIONAL INC 74,582 83,362
MARSH AND MCLENNAN COMPANIES I 18,999 24,063
MEDTRONIC PLC 59,242 49,758
MERCK & CO INC 22,784 30,853
METTLER-TOLEDO INTL 12,722 15,768
MICROCHIP TECHNOLOGY INC 46,605 56,994
MICROSOFT CORP 85,215 127,478
MONDELEZ INTERNATIONAL INC 23,206 27,668
MOODYS CORP 12,145 15,232
NIKE INC-CL B 39,855 40,062
ORACLE CORP 9,372 10,227
PEPSICO INC 20,527 21,400
PERRIGO CO PLC 17,892 13,773
POWER CORPORATION OF CANADA 59,093 86,806
ROPER INDUSTRIES 13,924 15,810
ROSS STORES, INC 28,928 36,535
SALESFORCE.COM 13,701 18,420
SAP AKTIENGESELL ADS 18,638 21,952
SERVICE CP INTL 15,896 16,565
SPDR BARCLAYS CAPITAL 1-3 MONT 31,388 31,347
STARBUCKS CORP COM 10,930 10,753
STATE STREET CORPORATION 24,622 22,618
SYSCO CORP 32,731 30,130
THE COCA-COLA CO 20,418 21,922
THERMO FISHER SCIENTIFIC INC 25,285 27,070
THOR INDS INC 50,567 75,680
TRANSDIGM GRP INC 23,865 29,336
TRAVELERS COMPANIES INC 16,067 24,573
UNILEVER PLC AMER 35,079 33,354
UNITED PARCEL SERVICE 20,474 23,113
UNITEDHEALTH GROUP INC 27,735 31,588
US BANCORP 29,145 22,203
VERALTO CORPORATION 4,926 5,429
VERIZON COMMUNICATIONS 26,560 23,261
VISA INC 20,667 23,692
VODAFONE GROUP PLC 133,322 67,251
WALT DISNEY HOLDINGS CO 40,990 39,547

TY 2023 InvestmentsGovtObligationsSch
Name:
Michael and Ina Korek Foundation Trust
EIN:
77-6140213
US Government Securities - End of Year Book Value:

25,010
US Government Securities - End of Year Fair Market Value:

24,986
State & Local Government Securities - End of Year Book Value:


947,758
State & Local Government Securities - End of Year Fair Market Value:


925,212


TY 2023 InvestmentsOtherSchedule2
Name:
Michael and Ina Korek Foundation Trust
EIN:
77-6140213
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AIR U.S. LIFE FUND II OFFSHORE   307,030 306,972
BGV IV, LP   142,088 172,535
BGV OPPORTUNITY FUND, L.P   172,224 233,269
PARTNERS GROUP PRIVATE EQUITY   440,025 604,706
REDWOOD-KAIROS RE VAL FD VI   103,075 282,379
REDWOOD-KAIROS RE VAL FD VIII   210,566 376,654

TY 2023 OtherExpensesSchedule
Name:
Michael and Ina Korek Foundation Trust
EIN:
77-6140213
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 34,598     34,598
Bank Charges 1,411 1,411    
Foundation Dues & Memberships 815     815
K-1 Exp AIR U.S. LIFE FUND II 8,068 8,068    
K-1 Exp BGV IV, LP 5,478 5,478    
K-1 Exp BGV OPPORTUNITY FUND, 3,729 3,729    
K-1 Exp REDWOOD-KAIROS REAL ES 511 509    
K-1 Exp REDWOOD-KAIROS REAL ES 14      
State or Local Filing Fees 100     100


TY 2023 OtherIncomeSchedule2
Name:
Michael and Ina Korek Foundation Trust
EIN:
77-6140213
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 INC/LOSS AIR U.S. LIFE FUND II OFFS 4,566 3,163  
K-1 Inc/Loss BGV IV, LP 470 470  
K-1 Inc/Loss BGV OPPORTUNITY FUND, L.P 2,945 2,945  
K-1 Inc/Loss REDWOOD-KAIROS RE VI LP -23,978 -2,060  
K-1 Inc/Loss REDWOOD-KAIROS RE VIII LP -75,012 -19,181  
Class Action Lawsuit Proceeds 5,857 5,857  
Federal Tax Refund 30,700    


TY 2023 OtherProfessionalFeesSchedule
Name:
Michael and Ina Korek Foundation Trust
EIN:
77-6140213
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 47,675 47,675    


TY 2023 TaxesSchedule
Name:
Michael and Ina Korek Foundation Trust
EIN:
77-6140213
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 3,900      
990-PF Extension for 2022 1,500      
990-T Extension for 2022 30,700      
Foreign Tax Paid 765 765    
STATE INCOME TAX 2022 11,600