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
Kenny and Kimberly Rueter Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

86-3851121

B Telephone number (see instructions)

(800) 839-1754

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

$18,689,678J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	14,400		14,400
4	Dividends and interest from securities...	409,905		409,905
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-413,033
b	Gross sales price for all assets on line 6a 8,074,149
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	108,483	69,547
12	Total. Add lines 1 through 11........	119,755		493,852
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	83,078	83,078
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	4,693	93
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	127,766	76,346	48,426
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	215,537		159,517	48,426
25	Contributions, gifts, grants paid.......	261,800			261,800
26	Total expenses and disbursements. Add lines 24 and 25	477,337		159,517	310,226
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-357,582
b	Net investment income (if negative, enter -0-)			334,335
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	532,415	492,044	492,044
	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) 250,000
		Less: allowance for doubtful accounts	250,000	List of Attached Documents: // Content 250,000	250,000
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	890,722	List of Attached Documents: // Content 1,996,429	1,950,850
	b	Investments—corporate stock (attach schedule).......	12,035,516	List of Attached Documents: // Content 10,004,356	10,652,477
	c	Investments—corporate bonds (attach schedule).......	2,735,631	List of Attached Documents: // Content 1,398,158	1,325,457
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,836,647	List of Attached Documents: // Content 3,782,362	4,018,850
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	18,280,931	17,923,349	18,689,678
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	18,280,931	17,923,349
	29	Total net assets or fund balances (see instructions).....	18,280,931	17,923,349
	30	Total liabilities and net assets/fund balances (see instructions).	18,280,931	17,923,349

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

18,280,931

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

-357,582

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

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

17,923,349

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 .

17,923,349

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		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8,074,149	8,324,333	-250,184
b			28,647
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			-250,184
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-221,537
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	4,647
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	4,647
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	4,647
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	5,700
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	5,700
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,053
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax1,053	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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?.........

Yes

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

Yes

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website address right arrow

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

55 WALLS DRIVE FL 3FairfieldCT ZIP+4 right arrow

06824

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

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

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

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

16 No

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

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

(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
Kenny Rueter	Dir, Pres 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 1.0	0	0	0
Kimberly S Rueter	Dir, Sec, Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec, Treas 1.0	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










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

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
Fidelity investments	Investment mgmt	83,078
4400 ids center 80 south eighth st MINNEAPOLIS,MN55402	Investment mgmt	83,078

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2023)

Page 8

Part IX

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

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

purposes:

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

14,263,815

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

410,292

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

3,761,618

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

18,435,725

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

18,435,725

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

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

276,536

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

18,159,189

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

907,959

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

907,959

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

4,647

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

6,446

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

11,093

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

896,866

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

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

896,866

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

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

896,866

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 ..........

310,226

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

310,226

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2023
1 Distributable amount for 2023 from Part X, line 7			896,866
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......	18,290
e From 2022......
f Total of lines 3a through e ........		18,290
4Qualifying distributions for 2023 from Part
XI, line 4: $ 310,226
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.....			310,226
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		18,290	18,290
(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 ..........			568,350
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

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

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

Kenny Rueter

Kimberly S Rueter

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
AGAPE PREGNANCY CENTERS INC 416 AVENIDA DE LA ESTRELLA SAN CLEMENTE,CA92672	N/A	PC	General & Unrestricted	50,000
GLOBAL MISSION PO BOX 80222 RANCHO SANTA MARGARITA,CA92688	N/A	PC	Truth That Changes Lives	60,000
HUME LAKE CHRISTIAN CAMPS INC 5545 E HEDGES AVE FRESNO,CA93727	N/A	PC	for the purchase of video equipment, health center updates, mattress replacements, water extracting equipment, bibles and tech equipment	111,800
LIVE ACTION 2200 WILSON BLVD STE 102 PMB 111 ARLINGTON,VA22201	N/A	PC	General & Unrestricted	10,000
LUTHERAN HIGH SOUTH - ORANGE COUNTY CREAN LUTHERAN 12500 SAND CANYON AVE IRVINE,CA92618	N/A	PC	General & Unrestricted	30,000
Total ................................. 3a				261,800

bApproved for future payment

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

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	14,400
4 Dividends and interest from securities ....			14	409,905
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 .....			14	11,353
8 Gain or (loss) from sales of assets other than inventory ............	525990	614	18	-413,647
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	37,354	14	58,201
bFederal Tax Refund			01	1,575
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		37,968		81,787

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

119,755

(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:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

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

- TIN:

TY 2023 GeneralExplanationAttachment

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Identifier	Return Reference	Explanation
Part 1 Line 6a	Part 1 Line 6a	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): $(413,647) TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $614 TOTAL PART I, LINE 6A: $(413,033) DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $8,074,149 BOOK BASIS: $8,516,443 NET GAIN/(LOSS): $(442,294) PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $28,647
form 926	form 926	The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS CO NOTE - 5.8	84,427	83,485
APPLE INC - 1.650% - 05/11/203	43,124	36,825
BANK AMER CORP BOND - 3.248% -	83,912	82,853
BANK OF MONTREAL MTN - 3.300%	80,420	80,772
CITIGROUP INC - 4.000% - 08/05	81,003	80,104
COMCAST CORP NOTE - 3.950% - 1	92,665	80,896
ENERGY TRANSFER PARTNERS DTD -	90,315	80,676
GOLDMAN SACHS GROUP - 2.640% -	80,750	83,431
JP MORGAN CHASE - 2.083% - 04/	88,674	81,417
MORGAN STANLEY SER I - 2.188%	88,908	81,667
RHODE ISLAND HSG & MTG - 0.800	200,009	189,941
ROYAL BANK OF CANADA - 1.200%	86,318	83,180
SCHWAB CHARLES CORP - 2.000% -	89,302	76,573
STATE STREET - 1.684% - 11/18/	80,384	82,577
UNITEDHEALTH GROUP - 2.300% -	44,511	37,327
US BANCORP - 4.653% - 02/01/20	83,436	83,733

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	36,601	32,801
ABBVIE INC	117,304	148,306
ACCENTURE PLC	15,190	15,089
AIR PRODS & CHEM INC	118,491	117,186
ALPHABET INC CL A	219,733	256,890
ALPHABET INC CL C	32,534	42,138
AMAZON COM	85,431	111,980
AMBASSADOR FUND	81,146	83,253
AMG GW&K HIGH INCOME FUND CLAS	90,085	83,764
AMGEN INC	22,416	22,754
ANALOG DEVICES INC	108,390	129,660
ANGEL OAK MULTI-STRATEGY INCOM	137,522	113,771
APPLE INC	68,125	87,794
ASML HOLDING NV NY REG SHS	27,508	34,061
ATLASSIAN CORP CL A	11,659	16,888
AUTOMATIC DATA PROCESSING INC	67,033	74,783
AXONIC STRATEGIC INCOME FUND	138,252	123,455
BOSTON SCIENTIFIC	12,459	13,817
BROADCOM INC	137,583	263,435
CHEVRON CORP	95,758	117,389
CHIPOTLE MEX GRILL	22,523	36,591
CISCO SYSTEMS INC	72,344	63,554
CME GROUP, INC	17,640	17,480
CORNING INC	52,120	42,539
COSTCO WHOLESALE CORPORATION	13,916	19,802
CROWN CASTLE INTL	162,159	107,587
DELL TECHNOLOGIES INC CLASS C	18,153	19,967
DEXCOM, INC	12,408	17,249
DFA EMERGING MARKETS PORTFOLIO	264,348	211,051
DFA EMERGING MARKETS SMALL CAP	85,161	72,937
DFA EMERGING MARKETS VALUE POR	43,571	39,648
DFA INTERNATIONAL SMALL CAP GR	174,397	136,389
DFA INTERNATIONAL SMALL CAP VA	170,710	167,981
DFA INTERNATIONAL VALUE PORTFO	365,087	377,397
DFA INTL LARGE CAP GROWTH	274,719	258,321
DFA U.S. MICRO CAP PORTFOLIO	134,977	125,649
DFA U.S. SMALL CAP GROWTH PORT	117,389	112,298
DFA U.S. SMALL CAP VALUE PORTF	111,034	112,905
EATON CORP PLC	75,886	111,740
ELI LILLY & CO	90,284	180,705
ESTEE LAUDER COMPANIES INC	55,562	44,606
EVERSOURCE ENERGYINC	34,143	24,565
EXXON MOBIL CORP	35,409	31,894
FASTENAL COMPANY	21,094	24,548
FIDELITY NATIONAL INFORMATION	89,699	93,469
HILTON WORLDWIDE HOLDINGS, INC	11,349	15,478
HOME DEPOT INC	92,675	98,074
IDEXX CORP	14,527	17,762
ILLINOIS TOOL WORKS	54,195	62,604
INTUITIVE SURGICAL	29,199	37,447
INVESCO EQUALLY WEIGHTED	289,787	256,895
JOHNSON CONTROLS INTERNATIONAL	18,597	15,448
JP MORGAN STRATEGIC INCOME OPP	123,771	123,042
KEURIG DR PEPPER INC	76,454	69,772
KINDER MORGAN INC	29,568	29,565
KKR & CO INC	18,168	20,050
LABCORP HLDGS INC (LABORATORY	205,807	229,563
LAM RESEARCH CORP	18,876	32,114
LINDE PLC COM	15,679	20,125
LIVE NATION INC COM	54,421	69,170
LKQ CORPORATION	79,187	71,207
LOCKHEED MARTIN CORP	68,471	82,036
LULULEMON ATHLETICA INC	13,244	19,940
MAINSTAY MUNICIPAL HIGH YIELD	91,901	80,232
MARSH AND MCLENNAN COMPANIES I	81,589	100,798
MASTERCARD INC	29,453	36,680
MCDONALD'S CORP	211,723	245,510
MERCK & CO INC	107,658	151,647
META PLATFORMS INC	44,481	66,191
MICROSOFT CORP	186,962	250,443
MONDELEZ INTERNATIONAL INC	125,822	145,512
MOODYS CORP	15,141	19,528
MSCI INC	19,201	20,929
NETFLIX INC	23,029	26,778
NEXTERA ENERGY, INC	118,074	90,320
NVIDIA CORP	31,227	71,312
NXP SEMICONDUCTORS	37,126	39,735
O'REILLY AUTOMOTIVE INC	22,728	24,702
ORACLE CORP	53,499	54,507
OTIS WORLDWIDE CORP	94,307	104,501
PARKER HANNIFIN CP	19,364	26,260
PAYCHEX	49,312	51,217
PEPSICO INC	123,556	132,475
PHILLIPS 66	49,980	70,830
PNC FINANCIAL GROUP INC	120,940	105,917
PRINCIPAL PREFERRED SECURITIES	92,617	79,495
PROCTER GAMBLE CO	122,028	123,533
PROLOGIS	79,175	85,312
PUBLIC STORAGE INC	104,601	119,255
QUALCOMM INC	47,877	48,451
RAYTHEON TECHNOLOGIES CORP	37,903	31,889
REALTY INCOME CORP	98,631	83,202
REGIONS FINANCIAL CORP	18,555	17,752
RIVERNORTH DOUBLE LINE STRATEG	142,937	120,442
S&P GLOBAL INC COM	172,681	191,186
SALESFORCE.COM	27,914	34,734
SCHLUMBERGER LTD	15,144	14,935
SEMPRA ENERGY COM	83,554	93,338
SERVICE NOW	25,501	44,509
SKYWORKS SOLUTIONS, INC	78,278	73,073
SNOWFLAKE INC	14,944	18,706
SPDR S&P MIDCAP 400 EFT TRUST	120,441	123,801
STARBUCKS CORP COM	109,705	102,827
SYNOPSYS, INC	14,312	20,081
TESLA MOTORS INC	22,251	21,866
TEXAS INSTRUMENTS INC	102,722	91,707
THERMO FISHER SCIENTIFIC INC	16,739	16,985
TRAVELERS COMPANIES INC	75,736	80,387
UBER	9,421	13,053
UNION PACIFIC	21,814	22,106
UNITED PARCEL SERVICE	75,845	59,590
UNITEDHEALTH GROUP INC	25,125	26,324
US BANCORP	112,220	105,560
VANGUARD S&P 500 GROWTH	304,373	309,512
VANGUARD S&P 500 VALUE	264,299	308,206
VERISIGN INC	79,342	85,679
VERISK ANALYTICS, INC	60,941	80,257
VERTEX PHARMCTLS INC	17,689	21,972
VISA INC	100,725	120,021
VULCAN MATERIALS CO	63,790	81,043
WASTE MANAGEMENT INC	81,573	94,923
WEC ENERGY GROUP, INC	48,870	43,516
WILLIAMS COS	75,822	78,751
WORKDAY INC	29,260	38,096

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

US Government Securities - End of Year Book Value:

1,837,719

US Government Securities - End of Year Fair Market Value:

1,821,024

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

158,710

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

129,826

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Category/ Item	Book Value	End of Year Fair Market Value
CAA - ENGAGED CAPITAL ACCESS F	417,874	385,676
CAA - MONTAUK TRIGUARD IX ACCE	140,682	187,533
CAA - WCP ENHANCED LOAN FUND I	878,303	859,224
CAA-AKKADIAN VENTURES VI, L.P	232,375	287,717
CAA-HUNTER POINT CAP INV OFF A	161,545	161,545
CAA-NCBDC HOLDINGS L.P	894	2,447
CAA-POINT OLEMA US VC PORTFOLI	89,766	98,824
CAA-PPFA OPPORTUNITIES FUND II	191,787	203,399
CAA-TRAMVIEW REAL ESTATE FUND	235,876	401,617
GT PARTNERS LONE CYPRESS FUND	146,376	140,000
GT PARTNERS PRIVATE CREDIT OFF	443,967	474,052
NUVEEN CHURCHILL DIRECT LENDIN	842,917	816,816

- TIN:

TY 2023 OtherExpensesSchedule

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	48,401		48,401
Bank Charges	556	556
K-1 Exp CAA - ENGAGED CAPITAL	4,620	4,620
K-1 Exp CAA - MONTAUK TRIGUARD	14,814	14,809
K-1 Exp CAA - WCP ENHANCED LOA	14,224	14,224
K-1 Exp CAA-AKKADIAN VENTURES	12,012	12,012
K-1 Exp CAA-NCBDC HOLDINGS L.P	1,051	512
K-1 Exp CAA-POINT OLEMA US VC	5,403	5,403
K-1 Exp CAA-PPFA OPPORTUNITIES	24,086	21,659
K-1 Exp CAA-TRAMVIEW REAL ESTA	142	119
K-1 Exp GT PARTNERS LONE CYPRE	2,432	2,432
State or Local Filing Fees	25		25

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss CAA - ENGAGED CAPITAL ACCESS FUND L.	39,737	39,737
K-1 Inc/Loss CAA - MONTAUK TRIGUARD IX ACCESS FUN	-10,503	-4,537
K-1 Inc/Loss CAA - WCP ENHANCED LOAN FUND I LP	53,226	53,226
K-1 Inc/Loss CAA-AKKADIAN VENTURES VI, L.P	2,747	2,747
K-1 Inc/Loss CAA-NCBDC HOLDINGS L.P	1,571	-355
K-1 Inc/Loss CAA-POINT OLEMA US VC PORTFOLIO L.P	760	1,476
K-1 Inc/Loss CAA-PPFA OPPORTUNITIES FUND II LP	21,581	19,986
K-1 Inc/Loss CAA-TRAMVIEW REAL ESTATE FUND I LP	-22,372	-60,555
K-1 Inc/Loss GT PARTNERS LONE CYPRESS FUND LP	8,808	6,469
Federal Tax Refund	1,575
Interest Income from Notes	11,353	11,353

- TIN:

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

TY 2023 OtherNotesLoansRcvblLongSch

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Borrower's Name	Relationship to Insider	Original Amount of Loan	Balance Due	Date of Note	Maturity Date	Repayment Terms	Interest Rate	Security Provided by Borrower	Purpose of Loan	Description of Lender Consideration	Consideration FMV
CLEAR WATER FINANCIAL LLC	NONE	100,000	100,000	2022-08	2025-08	INTEREST PAID SEMI-ANNUALLY	750 %	FIRST LIEN MORTGAGE ON REAL PROPERT	INVESTMENT	CASH 0 CASH 0
CLEAR WATER FINANCIAL LLC	NONE	150,000	150,000	2022-08	2025-08	INTEREST PAID SEMI-ANNUALLY	0 %	FIRST LIEN MORTGAGE ON REAL PROPERTY	INVESTMENT	CASH 0 CASH 0

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	83,078	83,078

- TIN:

TY 2023 TaxesSchedule

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2023	4,400
990-PF Extension for 2022	200
Foreign Tax Paid	93	93