Form990-PF
: CHANGE OF ACCOUNTING PERIOD: REVENUE PROCEDURE 85-58 RULES APPLY

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 02-01-2023 , and ending 12-31-2023
Name of foundation
SELBY AND RICHARD MCRAE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 13070
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
JACKSON, MS392363070
A Employer identification number

64-6026795
B Telephone number (see instructions)

(601) 366-9371
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$35,508,094J 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) 993,556
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,804 2,804  
4 Dividends and interest from securities... 513,505 513,502  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,658,704
b Gross sales price for all assets on line 6a 1,311,218
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)....... Click to see attachment
List of Attached Documents:
// Content
56,743 9,724  
12 Total. Add lines 1 through 11........ -1,092,096 526,030  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 42,500 10,625   31,875
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 9,818 2,454   7,363
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,218 0   1,218
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
69,554 69,554   0
17 Interest............... 19,568 19,568   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
10,589 5,190   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
22,205 5,551  
20 Occupancy.............. 24,189 6,047   18,142
21 Travel, conferences, and meetings....... 10,665 0   10,665
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
339,923 228,799   22,264
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 550,229 347,788   91,527
25 Contributions, gifts, grants paid....... 2,380,450 2,380,450
26 Total expenses and disbursements. Add lines 24 and 25 2,930,679 347,788   2,471,977
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,022,775
b Net investment income (if negative, enter -0-) 178,242
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 0    
2 Savings and temporary cash investments......... 970,289 556,193 556,193
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
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).......... 35,130,644 Click to see attachment
List of Attached Documents:
// Content
34,528,940 		34,528,940
14 Land, buildings, and equipment: basis right arrow587,768
Less: accumulated depreciation (attach schedule) right arrow164,807 444,676 Click to see attachment
List of Attached Documents:
// Content
422,961 		422,961
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 36,545,609 35,508,094 35,508,094
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 36,545,609 35,508,094
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 36,545,609 35,508,094
30 Total liabilities and net assets/fund balances (see instructions). 36,545,609 35,508,094
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
36,545,609
2
Enter amount from Part I, line 27a .....................
2
-4,022,775
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,985,260
4
Add lines 1, 2, and 3 ..........................
4
35,508,094
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
35,508,094
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 25,152.96 SH BAIRD CORE PLUS BOND FUND   2022-06-28 2023-06-07
b 18,744.14 SH SCHWAB INTERNATIONAL INDEX FUND   2021-10-22 2023-03-30
c 11,649.58 SH SCHWAB INTERNATIONAL INDEX FUND   2021-10-22 2023-04-10
d 2,835.27 SH SCHWAB TOTAL STOCK MARKET INDEX FUND   2022-03-23 2023-04-18
e 1,281.72 SH SCHWAB TOTAL STOCK MARKET INDEX FUND   2022-03-23 2023-07-26
PARTNERSHIP DISTRIBUTIONS IN EXCESS OF BASIS P    
LITIGATION SETTLEMENTS P    
CAPITAL GAINS FROM PASSTHROUGHS (SHORT TERM) P    
CAPITAL GAINS FROM PASSTHROUGHS (LONG TERM) P    
SEC. 1231 FROM PASSTHROUGHS P    
MUDRICK DISTRESSED OPP FUND OFFSHORE TERMINATION P 2014-02-13 2023-04-13
OAK HILL CAPITALL PARTNERS II TERMINATION P   2023-12-28
OAK HILL CAPITALL PARTNERS II (CAYMAN) TERMINATION P   2023-12-28
(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 250,000   255,981 -5,981
b 400,000   458,482 -58,482
c 250,000   284,949 -34,949
d 200,000   217,210 -17,210
e 100,000   98,193 1,807
27,772     27,772
704     704
    519,204 -519,204
    2,085,687 -2,085,687
1,507   1 1,506
78,449     78,449
2,786   2,759 27
    47,457 -47,457
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       -5,981
b       -58,482
c       -34,949
d       -17,210
e       1,807
      27,772
      704
      -519,204
      -2,085,687
      1,506
      78,449
      27
      -47,457
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 -2,658,705
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 2,478
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 2,478
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 2,478
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 90,932
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 90,932
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......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 88,454
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow88,454 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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMS
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowRENEE D HOLM CPA Telephone no.right arrow (601) 366-9371

Located atright arrow1200 MEADOWBROOK RD 16JACKSONMS ZIP+4right arrow39206
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SUSAN MCRAE SHANOR PRESIDENT
1.00 		0 0 0
PO BOX 13070
JACKSON,MS39236
RICHARD D MCRAE JR VICE-PRESIDENT
1.00 		0 0 0
PO BOX 13070
JACKSON,MS39236
VAUGHAN W MCRAE SECRETARY
1.00 		0 0 0
PO BOX 13070
JACKSON,MS39236
RENEE D HOLM EXECUTIVE DIRECTOR
35.00 		42,500 0 4,132
PO BOX 13070
JACKSON,MS39236
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
MARQUETTE ASSOCIATES INC INVESTMENT ADVISORS 62,676
180 N LASALLE ST STE 3500
CHICAGO,IL60601
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 arrow0
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
34,284,215
b
Average of monthly cash balances.......................
1b
560,263
c
Fair market value of all other assets (see instructions)................
1c
422,961
d
Total (add lines 1a, b, and c).........................
1d
35,267,439
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
35,267,439
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
529,012
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
34,738,427
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,589,387
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
1,589,387
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,478
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,478
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,586,909
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,586,909
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
1,586,909
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
2,471,977
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,471,977
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 1,586,909
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...... 1,994,351
b From 2019...... 2,244,359
c From 2020...... 77,389
d From 2021...... 877,959
e From 2022...... 472,703
f Total of lines 3a through e ........ 5,666,761
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,471,977
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..... 1,586,909
e Remaining amount distributed out of corpus 885,068
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 6,551,829
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) ... 		1,994,351
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		4,557,478
10 Analysis of line 9:
a Excess from 2019.... 2,244,359
b Excess from 2020.... 77,389
c Excess from 2021.... 877,959
d Excess from 2022.... 472,703
e Excess from 2023.... 885,068
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

AMERICAN RED CROSS

9 RIVER BEND PLACE 100
JACKSON,MS39232 		NONE PC DISASTER RELIEF 150,000

AQUINAS INSTITUTE OF THEOLOGY

23 SOUTH SPRING AVE
ST LOUIS,MO63108 		NONE PC ANNUAL FUND 5,000

BADDOUR CENTER

3297 HIGHWAY 51 S
SENATOBIA,MS38668 		NONE PC TRIP SPONSORSHIP FOR MENTALLY CHALLENGED ADULTS 28,000

BAPTIST HEALTH FOUNDATION

1225 NORTH STATE ST
JACKSON,MS39202 		NONE PC MOBILE CARDIOVASCULAR UNIT 20,000

BETHLEHEM CENTER THE

PO BOX 3522
JACKSON,MS39207 		NONE PC MINISTRY TO INTER-CITY FAMILIES & CHILDREN 11,000

BREAK THRU MINISTRIES

8113 MORTON MARATHON RD
PULASKI,MS39162 		NONE PC CAMP REPAIRS AND RENOVATIONS 25,000

CAMP TWIN LAKES INC

1100 SPRING ST NW SUITE 406
ATLANTA,GA30309 		NONE PC CAMP SPONSORSHIP FOR MENTALLY CHALLENGED CHILDREN 25,000

COMMUNITY FOUNDATION OF MISSISSIPPI

525 EAST CAPITOL ST STE 5B
JACKSON,MS39201 		NONE PC MS BOOK FESTIVAL 25,000

EUDORA WELTY FOUNDATION

PO BOX 55685
JACKSON,MS39296 		NONE PC EUDORA WELTY EDUCATIONAL BUILDING 75,000

EXPONENT PHILANTHROPY

1720 N STREET NW
WASHINGTON,DC20036 		NONE PC ENHANCE PROGRAMS FOR SMALL FOUNDATIONS 1,900

FRANKLIN ROAD ACADEMY

4700 FRANKLIN PIKE
NASHVILLE,TN37220 		NONE PC CAPITAL CAMPAIGN 87,500

FRENCH CAMP ACADEMY

1 FINE PLACE
FRENCH CAMP,MS39745 		NONE PC STUDENT WORK PROGRAM 40,000

GALLOWAY UNITED METHODIST CHURCH

305 N CONGRESS STREET
JACKSON,MS39201 		NONE PC GENERAL CHURCH BUDGET 54,000

GATEWAY RESCUE MISSION

PO BOX 3763
JACKSON,MS39207 		NONE PC ASSISTANCE TO HOMELESS PEOPLES 10,000

HABITAT FOR HUMANITY OF MISSISSIPPI

PO BOX 55634
JACKSON,MS39296 		NONE PC SURPLUS STORE 50,000

HELPMATE INC

PO BOX 2263
ASHEVILLE,NC28803 		NONE PC SHELTER FOR VICTIMS OF DOMESTIC ABUSE 250,000

HOLMES COUNTY CENTRAL HIGH SCHOOL JAGUAR CHOIR BOOSTER CLUB

PO BOX 92
LEXINGTON,MS39095 		NONE PC PUBLIC SCHOOL CHORAL MUSIC PROGRAM 20,000

JACKSON CHORAL SOCIETY

1015 DEVONSHIRE DR
JACKSON,MS39206 		NONE PC SEASON SPONSORSHIP 1,000

JACKSON PREPARATORY SCHOOL

3100 LAKELAND DR
FLOWOOD,MS39232 		NONE PC CAPITAL CAMPAIGN 50,000

JACKSON ROTARY CLUB CHARITIES

PO BOX 9933
JACKSON,MS39286 		NONE PC COLLEGE SCHOLARSHIPS 16,000

MAGNOLIA SPEECH SCHOOL

414 BOZEMAN ROAD
MADISON,MS39110 		NONE PC PLAYGROUND CONSTRUCTION & FLAG POLE CONSTRUCTION 182,500

MCCALLIE SCHOOL

500 DODDS AVENUE
CHATTANOOGA,TN37404 		NONE PC SCHOLARSHIP FUND & SCIENCE TECHNOLOGY BUILDING 22,500

METROPOLITAN OPERA ASSOCIATION INC

30 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		NONE PC GENERAL SUPPORT 20,000

MIDTOWN PARTNERS INC

215 MCTYERE AVE
JACKSON,MS39202 		NONE PC CREATIVE ECONOMY COORDINATOR SALARY 10,000

MILESTON COOPERATIVE ASSOCIATION

147 HEAD START ROAD
TCHULA,MS39169 		NONE PC FOOD DELIVERY TRUCK REPAIR 10,000

MISSISSIPPI BLOOD SERVICES

115 TREE STREET
FLOWOOD,MS39232 		NONE PC ALYX COLLECTION MACHINE PURCHASE 26,500

MISSISSIPPI CENTER FOR JUSTICE

PO BOX 1023
JACKSON,MS39215 		NONE PC PROVIDE LEGAL SERVICES FOR LOW-INCOME PEOPLE OF MISSISSIPPI 125,000

MISSISSIPPI FOOD NETWORK

PO BOX 411
JACKSON,MS39205 		NONE PC PROVIDE FOOD TO HUNGRY AND NEEDY PEOPLE 20,000

MISSISSIPPI MUSEUM OF ART

201 E PASCAGOULA ST
JACKSON,MS39201 		NONE PC EXHIBIT SPONSORSHIP 50,000

MISSISSIPPI OPERA

PO BOX 1551
JACKSON,MS39215 		NONE PC PROMOTE OPERA APPRECIATION 25,000

MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION

PO BOX 2548
RIDGELAND,MS39158 		NONE PC UNIV OF MS MEDICAL SCHOOL RURAL PHYSICIANS SCHOLARSHIP 35,000

MISSISSIPPI SYMPHONY ORCHESTRA

PO BOX 2052
JACKSON,MS39225 		NONE PC CONCERT SPONSORSHIP 60,000

OPERATION SHOESTRING

PO BOX 11223
JACKSON,MS39283 		NONE PC MINISTRY TO INTER-CITY FAMILIES & CHILDREN 22,000

PASSTHROUGH ENTITY DONATIONS

VARIOUS
VARIOUS,MS99999 		NONE PC UNKNOWN 50

PISGAH LEGAL SERVICES

PO BOX 2276
ASHEVILLE,NC28802 		NONE PC PROVIDE LEGAL SERVICES FOR LOW INCOME PEOPLE OF NC 50,000

SOCIETY OF ST ANDREW

PO BOX 5362
JACKSON,MS39296 		NONE PC HELP IN COLLECTION OF FOOD FOR THE HUNGRY 10,000

SOCIETY RIDGE MISSIONARY BAPTIST CHURCH

3506 GREENS CROSSING RD
JACKSON,MS39209 		NONE PC CHURCH BUILDING FUND 10,000

ST ANDREW'S EPISCOPAL SCHOOL

370 OLD AGENCY ROAD
RIDGELAND,MS39157 		NONE PC CHAPEL, CLASSROOM, & LOWER SCHOOL CONSTRUCTION 325,000

STEWPOT COMMUNITY SERVICES

1100 WEST CAPITOL STREET
JACKSON,MS39203 		NONE PC ASSISTANCE TO HOMELESS PEOPLES 102,500

UNIVERSITY OF NORTH CAROLINA ASHEVILLE FOUNDATION INC

1 UNIVERSITY HEIGHTS
ASHEVILLE,NC28804 		NONE PC STUDENT SCHOLARSHIPS & ATHLETIC ENHANCEMENTS 200,000

VERNER CENTER FOR EARLY LEARNING

2586 RICEVILLE RD
ASHEVILLE,NC28805 		NONE PC GENERAL FUND 25,000

WELLS MEMORIAL UNITED METHODIST CHURCH

2019 BAILEY AVE
JACKSON,MS39213 		NONE PC WELLSFEST EVENT SPONSORSHIP 5,000

WE WILL GO MINISTRIES

806 N FARISH ST
JACKSON,MS39202 		NONE PC POOL PUMP REPAIRS 10,000

WILDLIFE MISSISSIPPI

PO BOX 10
STONEVILLE,MS38776 		NONE PC WILDLIFE CONSERVATION IN MISSISSIPPI 10,000

WILSON RESEARCH FOUNDATION

1350 E WOODROW WILSON
JACKSON,MS39216 		NONE PC NEW EQUIPMENT 30,000

YMCA OF WESTERN NORTH CAROLINA

53 ASHELAND AVE SUITE 105
ASHEVILLE,NC28801 		NONE PC CAMP WATIA 25,000

YOUNG LIFE INNER CITY JACKSON

PO BOX 5184
HARLAN,IA51693 		NONE PC GENERAL SUPPORT 25,000
Total .................................right arrow 3a 2,380,450
bApproved for future payment

FRANKLIN ROAD ACADEMY
4700 FRANKLIN PIKE
NASHVILLE,TN37220 		NONE PC CAPITAL CAMPAIGN 500,000

BAPTIST HEALTH FOUNDATION
1225 NORTH STATE ST
JACKSON,MS39202 		NONE PC MOBILE CARDIOVASCULAR UNIT 20,000

HABITAT FOR HUMANITY
PO BOX 55634
JACKSON,MS39296 		NONE PC HOUSE BUILD SPONSORSHIP 125,000

MIDTOWN PARTNERS INC
215 MCTYERE AVE
JACKSON,MS39202 		NONE PC CREATIVE ECONOMY COORDINATOR SALARY 20,000

MISSISSIPPI OPERA
PO BOX 1551
JACKSON,MS39215 		NONE PC PROMOTE OPERA APPRECIATION 40,000

MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION
PO BOX 2548
RIDGELAND,MS39168 		NONE PC UNIV OF MS MEDICAL SCHOOL RURAL PHYSICIANS SCHOLARSHIP 105,000

MISSISSIPPI SYMPHONY ORCHESTRA
PO BOX 2052
JACKSON,MS39225 		NONE PC CONCERT SERIES SPONSORSHIP 180,000

UNIVERSITY OF NORTH CAROLINA ASHEVILLE FOUNDATION INC
1 UNIVERSITY HEIGHTS
ASHEVILLE,NC28804 		NONE PC STUDENT SCHOLARSHIPS & ATHLETICS ENHANCEMENTS 300,000
Total ................................. right arrow 3b 1,290,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 2,804  
4 Dividends and interest from securities ....     14 513,505  
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 ..... 900003 56,743      
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -2,658,704  
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) .. 56,743 -2,142,395 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-2,085,652
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
SELBY AND RICHARD MCRAE FOUNDATION
 
Employer identification number

64-6026795
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
SELBY AND RICHARD MCRAE FOUNDATION
  		Employer identification number
64-6026795
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
RICHARD D MCRAE CHARITABLE LEAD ANNUITY TRUST
 
PO BOX 13070
 
JACKSON, MS39236

$ 993,556


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
SELBY AND RICHARD MCRAE FOUNDATION
  		Employer identification number

64-6026795
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
SELBY AND RICHARD MCRAE FOUNDATION
  		Employer identification number

64-6026795
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING AND LEGAL 1,218 0   1,218

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

TY 2023 DepreciationSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
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
OFFICE CONDOMINIUM 2016-09-03 515,000 83,087 SL 39.000000000000 13,205 0    
ARTWORK 2017-03-22 28,950 22,748 SL 7.000000000000 4,136 0    
2005 LEXUS 2017-03-22 12,000 12,000 SL 5.000000000000 0 0    
OFFICE EQUIPMENT 2017-03-22 1,200 1,200 SL 5.000000000000 0 0    
OFFICE FURNISHINGS 2017-03-22 10,023 7,876 SL 7.000000000000 1,432 0    
OFFICE FURNITURE 2017-03-22 20,595 16,181 SL 7.000000000000 2,942 0    

TY 2023 InvestmentsOtherSchedule2
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BAIRD CORE PLUS BOND FUND FMV 2,598,716 2,598,716
NATIONWIDE INTERNATIONAL SMALL CAP FUND FMV 1,224,032 1,224,032
SCHWAB INTERNATIONAL FUND FMV 3,458,864 3,458,864
SCHWAB TOTAL STOCK MARKET INDEX FUND FMV 11,569,527 11,569,527
GQG PARTNERS EMERGING MARKETS EQUITY FUND FMV 1,324,465 1,324,465
3 X 5 SPECIAL OPPORTUNITY FUND, LP FMV 27,655 27,655
3 X 5 RIVERVEST FUND II, LP FMV 626,598 626,598
AMERICAN CENTURY VENTURE FUND I, LP FMV 722,149 722,149
AACP DEBT INVESTORS, LP FMV 51,380 51,380
AACP TAX EXEMPT INVESTORS II, LP FMV 73,022 73,022
AACP TAX EXEMPT INVESTORS IV, LP FMV 564,774 564,774
AA DELAWARE IV, LP FMV 60,896 60,896
ADP INVESTORS II, LLC FMV 815,540 815,540
BERENS AFRICAN DEVELOPMENT PARTNERS LP FMV 182,410 182,410
BPEA LIFE SCIENCES FUND I, LP FMV 44,549 44,549
CORDILLERA INVESTMENT FUND II, LP FMV 599,615 599,615
KCB REAL ESTATE VII LP FMV 901,654 901,654
KEYHAVEN CAPITAL PARTNERS II FMV 29,557 29,557
MORRISON STREET DEBT OPPORTUNITY FUND II FMV 57,361 57,361
NEUBERGER BERMAN US EQUITY INDEX PUTWRITE FUND FMV 1,520,577 1,520,577
OAK HILL CAPITAL PARTNERS IV FMV 264,017 264,017
OAK HILL CAPITAL PARTNERS V FMV 564,175 564,175
OHA EUROPEAN STRATEGIC OPPORTUNITY FUND, LP FMV 17,720 17,720
RUBICON INVESTORS, LLC FMV 24,612 24,612
SENTAKU INVESTORS LLC FMV 1,375 1,375
SIGHTLINE OPPORTUNITY MANAGEMENT FUND II, LP FMV 111,025 111,025
SIGULER GUFF SMALL BUYOUT OPPORTUNITY FUND V FMV 370,336 370,336
SILVER POINT CAPITAL LP FMV 1,847,394 1,847,394
TA REALTY CORE PROPERTY FUND FMV 909,840 909,840
US WATER AND LAND, LP FMV 563,193 563,193
VAPOTHERM INVESTORS, LLC FMV 1,290 1,290
VENTURE INVESTMENT PARTNERS V, LP FMV 122,455 122,455
VIA ENERGY LP FMV 43,726 43,726
WATER PROPERTY INVESTOR, LP FMV 2,299,969 2,299,969
ZERO MASS WATER INVESTORS LLC FMV 524,845 524,845
EXIT 59 PROPERTIES LLC FMV 179,642 179,642
OAK HILL CAPITAL PARTNERS VI FMV 94,980 94,980
RCP MULTI-STRATEGY CAYMAN FEEDER II, LP FMV 135,005 135,005

TY 2023 LandEtcSchedule2
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE CONDOMINIUM 515,000 96,292 418,708  
ARTWORK 28,950 26,884 2,066  
2005 LEXUS 12,000 12,000 0  
OFFICE EQUIPMENT 1,200 1,200 0  
OFFICE FURNISHINGS 10,023 9,308 715  
OFFICE FURNITURE 20,595 19,123 1,472  


TY 2023 OtherExpensesSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUTOMOBILE EXPENSE 137 0   137
BANK FEES 39 39   0
DUES 289 72   217
INSURANCE 16,879 0   16,879
POSTAGE & SHIPPING 1,544 0   1,544
OFFICE EXPENSE 6,974 3,487   3,487
NON DEDUCTIBLE EXPENSES - FROM PASSTHROUGHS 1,037 0   0
PORTFOLIO DEDUCTIONS FROM PASSTHROUGHS 168,592 168,592   0
ORDINARY LOSS FROM PASSTHROUGHS 69,598 -18,219   0
SEC 1256 LOSS FROM STRADDLES FROM PASSTHROUGHS 74,828 74,828   0
SEC59(E)(2) EXPENSES FROM PASSTHROUGHS 6 0   0


TY 2023 OtherIncomeSchedule2
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISC NON-TAXABLE INCOME FROM PASSTHROUGHS 404 0 404
ROYALTY INCOME FROM PASSTHROUGHS 91 91 91
CANCELLATION OF DEBT INCOME FROM PASSTHROUGHS 92 92 92
PORTFOLIO INCOME FROM PASSTHROUGHS 1,600 1,600 1,600
RENTAL INCOME FROM PASSTHROUGHTS 54,556 7,941 54,556


TY 2023 OtherIncreasesSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Description Amount
UNREALIZED APPRECIATION (LOSS) ON ASSETS 2,985,260


TY 2023 OtherProfessionalFeesSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MARQUETTE & ASSOCIATES - INVESTMENTS SERVICES 62,676 62,676   0
TA REALTY - INVESTMENT SERVICES 6,878 6,878   0


TY 2023 TaxesSchedule
Name:
SELBY AND RICHARD MCRAE FOUNDATION
EIN:
64-6026795
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES (PROPERTY, EXCISE, STATE) 10,074 4,675   0
FOREIGN TAXES - FROM PASSTHROUGHS 396 396   0
STATE INCOME TAXES - FROM PASSTHROUGHS 119 119   0