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
THE GENERATION TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 630858
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CINCINNATI, OH452630858
A Employer identification number

34-6850815
B Telephone number (see instructions)

(513) 534-5310
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$30,366,923J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 548,302 516,437  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 196,213
b Gross sales price for all assets on line 6a 1,662,529
7 Capital gain net income (from Part IV, line 2)... 196,213
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 744,515 712,650  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 109,204 76,443   32,761
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,175 588 0 588
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
13,282 13,282   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,060 5,448   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,238 13,606   33,632
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 182,959 109,367 0 66,981
25 Contributions, gifts, grants paid....... 135,000 135,000
26 Total expenses and disbursements. Add lines 24 and 25 317,959 109,367 0 201,981
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 426,556
b Net investment income (if negative, enter -0-) 603,283
c Adjusted net income (if negative, enter -0-)... 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............. 67,242 16,574 16,574
2 Savings and temporary cash investments......... 5,149,084 4,903,014 4,903,014
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment
List of Attached Documents:
// Content
964,114 		975,390
b Investments—corporate stock (attach schedule)....... 3,950,633 Click to see attachment
List of Attached Documents:
// Content
4,045,563 		7,326,021
c Investments—corporate bonds (attach schedule)....... 51,908 Click to see attachment
List of Attached Documents:
// Content
51,908 		12,188
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).......... 6,300,623 Click to see attachment
List of Attached Documents:
// Content
5,868,822 		7,064,540
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,159,632 		Click to see attachment
List of Attached Documents:
// Content
4,097,647 		Click to see attachment
List of Attached Documents:
// Content
10,069,196
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,679,122 19,947,642 30,366,923
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
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........ 19,679,122 19,947,642
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 19,679,122 19,947,642
30 Total liabilities and net assets/fund balances (see instructions). 19,679,122 19,947,642
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
19,679,122
2
Enter amount from Part I, line 27a .....................
2
426,556
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
11,249
4
Add lines 1, 2, and 3 ..........................
4
20,116,927
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
169,285
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
19,947,642
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 242000. ALLEGIANCE BK TEX HOUSTON 02/07/18 2.600 02/07/23   2022-05-23 2023-02-07
b 19.163 COHEN & STEERS REALTY SHARES I   2022-01-12 2023-03-30
c 235.2 ALPS SMITH SHORT DURATION BD INST   2022-07-13 2023-03-30
d 20. ISHARES S&P GLOB INFRAS INDEX FD   2022-03-08 2023-03-30
e 1282.304 MFS VALUE FUND CLASS I   2022-04-20 2023-03-30
3004.897 MFS VALUE FUND CLASS I   2022-03-08 2023-03-30
119.114 MFS VALUE FUND CLASS I   2022-03-08 2023-03-30
32. AUTOMATIC DATA PROCESSING INC COM   2013-12-18 2023-04-10
289. BOSTON SCIENTIFIC COM   2022-04-08 2023-04-10
41. EMERSON ELEC CO COM   2002-09-10 2023-04-10
36. MERCK & CO INC   2020-12-10 2023-04-10
239. MERCK & CO INC   2017-12-14 2023-04-10
26. MERCK & CO INC   2020-12-10 2023-04-10
4. MERCK & CO INC   2009-10-07 2023-04-10
206. MERCK & CO INC   2022-04-08 2023-04-10
17. NORFOLK SOUTHERN CORP   2009-11-13 2023-04-10
1825.136 COHEN & STEERS REALTY SHARES I   2022-01-12 2023-05-11
732.353 COHEN & STEERS REALTY SHARES I   2020-12-01 2023-05-11
135. APPLE COMPUTER INC   2010-07-14 2023-06-15
74. MICROSOFT CORP   1998-10-21 2023-06-15
68. ORACLE CORP   1999-11-02 2023-06-15
104. PALO ALTO NETWORKS INC   2023-04-10 2023-06-15
867.728 MFS VALUE FUND CLASS I   2022-03-08 2023-06-22
172.909 MFS VALUE FUND CLASS I   2020-08-25 2023-06-22
212.856 MFS VALUE FUND CLASS I   2020-03-23 2023-06-22
27.976 MFS VALUE FUND CLASS I   2020-01-24 2023-06-22
84.284 MFS VALUE FUND CLASS I   2011-01-13 2023-06-22
721.236 MFS VALUE FUND CLASS I   2010-09-27 2023-06-22
74. ALPHABET INC CAP STK CL A   2022-04-08 2023-07-24
109. APPLE COMPUTER INC   2010-07-14 2023-07-24
63. MICROSOFT CORP   1998-10-21 2023-07-24
47. PALO ALTO NETWORKS INC   2023-04-10 2023-07-24
. NAVIENT CORP     2023-08-16
. NAVIENT CORP     2023-08-16
3.805 COHEN & STEERS REALTY SHARES I   2022-01-12 2023-09-14
27.522 COHEN & STEERS REALTY SHARES I   2020-12-01 2023-09-14
23.541 COHEN & STEERS REALTY SHARES I   2020-04-17 2023-09-14
3264. ISHARES S&P GLOB INFRAS INDEX FD   2022-03-08 2023-09-14
92. ISHARES S&P GLOB INFRAS INDEX FD   2022-03-08 2023-09-14
.333 VERALTO CORP   2023-04-10 2023-10-06
.666 VERALTO CORP   2017-06-26 2023-10-06
73. PNC BANK CORP   2022-04-12 2023-10-19
135. PNC BANK CORP   2011-06-29 2023-10-19
95. PNC BANK CORP   2022-04-20 2023-10-19
380. PNC BANK CORP   2022-04-08 2023-10-19
272. PNC BANK CORP   2022-04-12 2023-10-19
440. PNC BANK CORP   2011-06-28 2023-10-19
4.333 VERALTO CORP   2023-04-10 2023-10-19
33.666 VERALTO CORP   2012-08-20 2023-10-19
19.666 VERALTO CORP   2023-04-10 2023-10-19
111.333 VERALTO CORP   2022-04-08 2023-10-19
176. VERALTO CORP   2017-06-26 2023-10-19
66. ALPHABET INC CAP STK CL A   2022-04-08 2023-12-14
66. AMAZON COM INC COM   2023-10-19 2023-12-14
44. APPLE COMPUTER INC   2010-07-14 2023-12-14
195.136 ARTISAN HIGH INCOME FUND   2023-09-14 2023-12-14
61.78279 ARTISAN HIGH INCOME FUND   2022-01-12 2023-12-14
50.12921 ARTISAN HIGH INCOME FUND   2022-01-12 2023-12-14
198.771 DOUBLELINE TOTAL RETURN BOND I   2023-09-14 2023-12-14
263.78 DOUBLELINE TOTAL RETURN BOND I   2023-03-30 2023-12-14
240.034 DOUBLELINE TOTAL RETURN BOND I   2022-03-08 2023-12-14
161.721 ALPS SMITH SHORT DURATION BD INST   2022-07-13 2023-12-14
351.106 ALPS SMITH SHORT DURATION BD INST   2022-01-12 2023-12-14
23. MICROSOFT CORP   1998-10-21 2023-12-14
10. PALO ALTO NETWORKS INC   2023-04-10 2023-12-14
46. PALO ALTO NETWORKS INC   2021-07-13 2023-12-14
1. STIFEL FINL CORP     2023-12-31
1. STIFEL FINL CORP     2023-12-31
1. STIFEL FINL CORP     2023-12-31
1. STIFEL FINL CORP     2023-12-31
1. OPPENHEIMER GLOBAL RESOURCE PRIVATE EQUITY     2023-12-31
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 242,000   244,443 -2,443
b 1,120   1,536 -416
c 2,366   2,385 -19
d 953   948 5
e 59,435   67,795 -8,360
139,277   148,472 -9,195
5,521   5,885 -364
6,854   2,184 4,670
14,464   13,012 1,452
3,439   962 2,477
4,060   2,842 1,218
26,952   12,841 14,111
2,932   2,052 880
451   123 328
23,231   18,044 5,187
3,447   878 2,569
108,431   146,340 -37,909
43,509   44,205 -696
25,091   1,203 23,888
25,744   232 25,512
8,592   915 7,677
25,385   20,044 5,341
41,243   42,874 -1,631
8,218   7,141 1,077
10,117   6,164 3,953
1,330   1,260 70
4,006   1,962 2,044
34,280   15,247 19,033
9,001   9,937 -936
21,066   971 20,095
21,793   198 21,595
11,458   9,058 2,400
56     56
619     619
227   305 -78
1,645   1,661 -16
1,407   1,287 120
148,870   154,648 -5,778
4,196   4,359 -163
26   29 -3
51   20 31
8,507   13,343 -4,836
15,732   7,854 7,878
11,071   17,167 -6,096
44,283   70,254 -25,971
31,697   49,760 -18,063
51,275   25,445 25,830
304   374 -70
2,362   483 1,879
1,380   1,699 -319
7,810   11,662 -3,852
12,346   5,278 7,068
8,653   8,863 -210
9,698   8,454 1,244
8,702   392 8,310
1,750   1,707 43
554   617 -63
450   500 -50
1,753   1,707 46
2,327   2,366 -39
2,117   2,420 -303
1,646   1,640 6
3,574   3,683 -109
8,399   72 8,327
3,010   1,927 1,083
13,845   5,963 7,882
19,875   22,999 -3,124
45,961   33,164 12,797
30,402   31,282 -880
137,548   138,561 -1,013
1   2,718 -2,717
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
      83,084
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       -2,443
b       -416
c       -19
d       5
e       -8,360
      -9,195
      -364
      4,670
      1,452
      2,477
      1,218
      14,111
      880
      328
      5,187
      2,569
      -37,909
      -696
      23,888
      25,512
      7,677
      5,341
      -1,631
      1,077
      3,953
      70
      2,044
      19,033
      -936
      20,095
      21,595
      2,400
      56
      619
      -78
      -16
      120
      -5,778
      -163
      -3
      31
      -4,836
      7,878
      -6,096
      -25,971
      -18,063
      25,830
      -70
      1,879
      -319
      -3,852
      7,068
      -210
      1,244
      8,310
      43
      -63
      -50
      46
      -39
      -303
      6
      -109
      8,327
      1,083
      7,882
      -3,124
      12,797
      -880
      -1,013
      -2,717
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 196,213
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 8,386
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 8,386
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,386
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 15,928
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,928
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 7,542
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow7,542 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowOH
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFIFTH THIRD BANK NA Telephone no.right arrow (419) 259-6803

Located atright arrow550 N SUMMIT ST 22ND FLOORTOLEDOOH ZIP+4right arrow43604
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)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
FIFTH THIRD BANK N A TRUSTEE
1 		51,512    
PO BOX 630858
CINCINNATI,OH45202
CAROLYN BECKETT EXECUTIVE DIR
40 		57,692    
PO BOX 1868
TOLEDO,OH43603
JOHN D BECKETT ADVISOR
1 		0    
PO BOX 1868
TOLEDO,OH43603
WENDY BECKETT ADVISOR
1 		0    
PO BOX 1868
TOLEDO,OH43603
KEVIN BECKETT ADVISOR
1 		0    
PO BOX 1868
TOLEDO,OH43603
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
14,523,415
b
Average of monthly cash balances.......................
1b
5,610,746
c
Fair market value of all other assets (see instructions)................
1c
8,234,654
d
Total (add lines 1a, b, and c).........................
1d
28,368,815
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
28,368,815
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
425,532
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
27,943,283
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,397,164
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,397,164
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
8,386
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,386
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,388,778
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,388,778
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,388,778
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
201,981
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
201,981
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,388,778
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 1,677,510
b From 2019...... 1,117,380
c From 2020...... 0
d From 2021...... 0
e From 2022...... 6,280,258
f Total of lines 3a through e ........ 9,075,148
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 201,981
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 201,981
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 1,186,797 1,186,797
(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 7,888,351
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		490,713
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		7,397,638
10 Analysis of line 9:
a Excess from 2019.... 1,117,380
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 6,280,258
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ENDPOVERTYORG

PO BOX 3380
OAKTON,VA22124 		NONE PC RELIGIOUS 10,000

INT'L OUTREACH MINISITRIES

PO BOX 2140
MCCOMB,MO39649 		NONE PC RELIGIOUS 40,000

FORSAMLINGEN BETEL

GARDESVAGEN 35
VAGNHARAD   61072
SW 		NONE NC EDUCATION 30,000

EDITORIAL CLIE
C/O CAIXABANK
C RAVEL DE MONTSERRATT 22
TERRASSA   08221
SP 		NONE NC EDUCATION 55,000
Total .................................right arrow 3a 135,000
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 ........... 		         
4 Dividends and interest from securities ....     14 548,302  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 196,213  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   744,515  
13Total. Add line 12, columns (b), (d), and (e)..................
13
744,515
(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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,175 588   588

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TY 2023 ExpenditureResponsibilityStmt
Name:
THE GENERATION TRUST
EIN:
34-6850815
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
FORSAMLINGEN BETEL
  		 
  		2023-12-14 30,000 HELP NEEDY PEOPLE AND BIBLE TRANSLATIONS 30,000 NO 11/30/2023 2023-11-30 NO DIVERSION
EDITORIAL CLIE
  		 
  		2023-06-22 25,000 TRANSLATION OF BIBLES 25,000 NO 11/30/2023 2023-11-30 NO DIVERSION
FORSAMLINGEN BETEL
  		 
  		2023-06-22 30,000 HELP NEEDY PEOPLE AND BIBLE TRANSLATIONS 30,000 NO 11/30/2023 2023-11-30 NO DIVERSION

TY 2023 ExplnOfNonFilingWithAGStmt
Name:
THE GENERATION TRUST
EIN:
34-6850815
Statement:
THE ATTORNEY GENERAL OF THE STATE OF OHIO REQUIRES PRIVATE FOUNDATIONS TO ANNUALLY FILE A REPORT ONLINE THAT HIGHLIGHTS KEY INFORMATION FROM THE FORM 990-PF FOR PUBLIC DISCLOSURE PURPOSES. THIS TRUST TIMELY SUBMITS THIS ONLINE FILING IN LIEU OF FURNISHING A COPY OF ITS FORM 990-PF TO THE STATE.

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Name of Bond End of Year Book Value End of Year Fair Market Value
52517P4C2 LEHMAN BROTHERS HLDG 51,908 12,188

TY 2023 InvestmentsCorpStockSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Name of Stock End of Year Book Value End of Year Fair Market Value
053015103 AUTOMATIC DATA PROCE 6,620 22,598
02079K305 ALPHABET INC CAP STK 278,254 513,361
023135106 AMAZON.COM INC 341,995 538,779
025816109 AMERICAN EXPRESS CO 105,159 143,877
037833100 APPLE INC 216,511 500,771
053332102 AUTOZONE INC 5,011 31,027
166764100 CHEVRON CORPORATION 40,897 43,406
191216100 COCA COLA CO 30,196 67,711
20030N101 COMCAST CORP CL A 87,496 92,217
235851102 DANAHER CORP 148,092 240,131
291011104 EMERSON ELEC CO 9,153 73,679
30303M102 META PLATFORMS INC C 7,331 31,148
375558103 GILEAD SCIENCES INC 19,015 75,339
437076102 HOME DEPOT INC 143,043 305,311
438516106 HONEYWELL INTL INC 109,564 150,781
452308109 ILLINOIS TOOL WKS IN 64,008 163,189
458140100 INTEL CORP 16,959 94,973
46120E602 INTUITIVE SURGICAL I 28,223 56,676
46625H100 JPMORGAN CHASE & CO 175,825 322,510
56585A102 MARATHON PETROLEUM C 54,732 141,981
571748102 MARSH & MCLENNAN COS 117,145 168,249
57636Q104 MASTERCARD INC 126,137 356,989
580135101 MCDONALDS CORP 78,360 219,121
58933Y105 MERCK & CO INC 133,015 217,277
594918104 MICROSOFT CORP 216,434 562,932
595112103 MICRON TECHNOLOGY IN 47,621 96,008
609207105 MONDELEZ INTL INC CL 16,515 64,173
655844108 NORFOLK SOUTHN CORP 3,049 13,946
68389X105 ORACLE CORPORATION 19,944 163,100
693475105 PNC FINANCIAL SERVIC    
695156109 PACKAGING CORP AMER 3,181 18,898
697435105 PALO ALTO NETWORKS I 227,974 456,474
713448108 PEPSICO INC 95,210 140,628
723787107 PIONEER NATURAL RESO 63,106 96,923
81762P102 SERVICENOW INC 218,071 316,508
824348106 SHERWIN WILLIAMS CO 83,458 149,400
931142103 WALMART INC 93,115 111,774
G5960L103 MEDTRONIC PLC 208,269 182,719
101137107 BOSTON SCIENTIFIC CO 97,163 124,754
65339F101 NEXTERA ENERGY INC 170,473 126,339
911312106 UNITED PARCEL SVC IN 139,239 130,344

TY 2023 InvestmentsGovtObligationsSch
Name:
THE GENERATION TRUST
EIN:
34-6850815
US Government Securities - End of Year Book Value:

964,114
US Government Securities - End of Year Fair Market Value:

975,390
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
THE GENERATION TRUST
EIN:
34-6850815
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
008882789 INVESCO EQV EURPOEAN AT COST 100,423 67,051
00900W647 INVESCO OPPENHEIMER AT COST 156,827 157,818
04314H717 ARTISAN HIGH INCOME AT COST 2,895 2,573
09251T301 BLACKROCK GLOBAL ALL AT COST 369,210 350,001
192476505 COHEN & STEERS REALT      
298706110 AMERICAN FUNDS EUROP AT COST 5,970 6,830
411511306 HARBOR INTERNATIONAL AT COST 466,852 543,594
411511504 HARBOR CAPITAL APPRE AT COST 18,172 26,561
464286608 ISHARES MSCI EUROZON AT COST 87,080 94,880
464287101 ISHARES S&P 100 INDE AT COST 1,483,834 2,291,311
464287465 ISHARES MSCI EAFE IN AT COST 66,519 75,350
464287507 ISHARES CORE S&P MID AT COST 199,658 270,221
464287804 ISHARES CORE S&P SMA AT COST 201,913 269,110
464289180 ISHARES MSCI EUROPE AT COST 74,562 62,880
46432F842 ISHARES CORE MSCI EA AT COST 127,778 140,700
46434G103 ISHARES CORE MSCI EM AT COST 95,745 85,986
46435G516 ESG AWARE MSCI EAFE AT COST 8,529 11,709
47103X294 JANUS HENDERSON INTE      
47103X310 JANUS HENDERSON INTE      
543915839 LORD ABBETT INTL OPP AT COST 99,994 110,166
552983694 MFS VALUE FUND CLASS AT COST 701,236 865,267
74440B884 PGIM TOTAL RETURN BO AT COST 4,981 4,997
74680E101 PUTNAM INTL EQUITY C AT COST 196,106 204,722
885215640 THORNBURG INTERNATIO AT COST 440,873 432,941
921909768 VANGUARD TOTAL INTL AT COST 53,357 57,960
921946810 VANGUARD WHITEHALL F AT COST 191,269 245,954
92913X811 VOYA GLOBAL EQUITY F AT COST 234,591 234,213
01748DBA3 ALLEGIANCE BK TEX HO      
256206103 DODGE & COX INTL STO AT COST 6,452 7,366
258620103 DOUBLELINE TOTAL RET      
317609295 SEAFARER OVERSEAS GR AT COST 4,839 5,050
31761R351 ALPS SMITH SHORT DUR      
464288372 ISHARES S&P GLOB INF      
46434G863 ESG AWARE MSCI EM ET AT COST 3,876 3,847
87245R664 TIAA CREF INTL OPPTY AT COST 220,697 224,517
09260B382 BLACKROCK FDS II STR AT COST 2,490 2,504
31761R393 FINANCIAL INVS TR AL AT COST 4,151 4,146
40168W483 GUGGENHEIM LIMITED D AT COST 2,490 2,497
47103C480 JANUS HENDERSON OVER AT COST 235,453 201,818

TY 2023 OtherAssetsSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
MINNESOTA LIFE POL#2-233-669V 2,992,783 2,992,783 8,562,035
OPPENHEIMER GLOBAL RECOURCE 205,000 44,126 106,263
STIFEL-4458 650,141 703,050 919,262
STIFEL-8324 4 0 0
STIFEL-4078 311,704 357,688 481,636


TY 2023 OtherDecreasesSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Description Amount
ADJUSTMENT TO INCOME 32
COST BASIS ADJUSTMENT 63
2023 TRANSACTION POSTED IN 2024 11,033
OPPENHEIMER GLOBAL BASIS ADJUSTMENT 158,157


TY 2023 OtherExpensesSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TRAVEL 7,402 0   7,402
AG FEES 200 0   200
ADR FEES 25 25   0
PAYROLL FEES 14,988 12,740   2,248
MEDICAL INSURANCE 11,282 0   11,282
OFFICE SUPPLIES 138 0   138
ADMIN SERVICES 1,075 0   1,075
NEW MINISTRY BOOK & DISTRIBUTI 9,633 0   9,633
TRAVEL - HOTELS 490 0   490
MEALS 1,142 0   1,142
FUEL EXPENSE 22 0   22
OTHER EXPENSES 841 841   0


TY 2023 OtherIncreasesSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Description Amount
2022 TRANSACTION POSTED IN 2023 11,249


TY 2023 OtherProfessionalFeesSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 13,282 13,282    


TY 2023 TaxesSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 320 320   0
FEDERAL ESTIMATES - PRINCIPAL 6,612 0   0
FOREIGN TAXES ON QUALIFIED FOR 4,432 4,432   0
FOREIGN TAXES ON NONQUALIFIED 696 696   0