TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
URBANEK FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 7812
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MENLO PARK, CA94026

A Employer identification number

94-3267087

B Telephone number (see instructions)

(508) 339-6074

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$16,187,040J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	450,067		450,067	450,067
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,442,040
b	Gross sales price for all assets on line 6a 3,031,391
7	Capital gain net income (from Part IV, line 2)...			1,442,040
8	Net short-term capital gain.........				304,860
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,892,107		1,892,107	754,927
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	9,200	4,600		4,600
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	123,758	123,758
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	1,907	953		954
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	200			200
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	135,065		129,311		5,754
25	Contributions, gifts, grants paid.......	309,000				309,000
26	Total expenses and disbursements. Add lines 24 and 25	444,065		129,311		314,754
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,448,042
b	Net investment income (if negative, enter -0-)			1,762,796
c	Adjusted net income (if negative, enter -0-)...				754,927

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	716,856	349,766	349,766
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	14,485	19,982	19,982
	10a	Investments—U.S. and state government obligations (attach schedule)		List of Attached Documents: // Content 1,743,410	1,743,410
	b	Investments—corporate stock (attach schedule).......	8,491,864	List of Attached Documents: // Content 8,334,034	14,073,882
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,223,205	10,447,192	16,187,040
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	9,223,205	10,447,192
	29	Total net assets or fund balances (see instructions).....	9,223,205	10,447,192
	30	Total liabilities and net assets/fund balances (see instructions).	9,223,205	10,447,192

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

9,223,205

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

1,448,042

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

List of Attached Documents:

// Content

2,006

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

10,673,253

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

226,061

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

10,447,192

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	RADCLIFFE INTL SHORT TERM DUR	P	2001-01-01	2023-04-30
b	38 CALL KLA	P	2023-02-15	2023-02-15
c	38 CALL KLA	P	2023-05-26	2023-05-26
d	10 CALL KLA	P	2023-09-13	2023-09-13
e	2500 KLA TENCOR	P	1991-05-28	2023-09-05
	930 UNUM GROUP	P	2022-08-09	2023-01-03
	30 UNITED RENTALS INC	P	2022-10-28	2023-02-01
	55 ALBANY INTL	P	2022-10-28	2023-02-07
	180 ROSS STORES INC	P	2022-10-28	2023-02-07
	2847 NAVIENT CORP	P	2022-06-21	2023-02-13
	3495 NAVIENT CORP	P	2022-06-21	2023-02-15
	3155 NEXTERA ENERG	P	2023-01-01	2023-02-15
	2183 NAVIENT CORP	P	2022-06-21	2023-02-16
	935 UNUM GROUP	P	2022-08-09	2023-02-17
	5525 FOOT LOCKER INC	P	2023-01-01	2023-02-27
	.436 COLUMBIA BANKING SYS	P	2022-04-11	2023-03-03
	140 META PLATFORMS INC	P	2022-10-28	2023-03-29
	95 OALO ALTO NETWORKS	P	2022-11-04	2023-03-29
	45 META PLATFORMS INC	P	2022-10-28	2023-04-20
	20 PALO ALTO NETWORKS	P	2022-11-04	2023-04-20
	1060 ABBVIE INC	P	2021-06-02	2023-03-31
	1070 ADVANCE AUTO PARTS	P	2022-12-29	2023-06-01
	100 CARMAX INC	P	2022-10-28	2023-06-12
	120 MATERION CORP	P	2022-10-28	2023-06-12
	10 REGENERON PHARMS INC	P	2022-08-09	2023-06-12
	555 RXO INC	P	2022-10-28	2023-06-12
	15 THERMO FISHER SCNTFC	P	2022-10-28	2023-06-12
	305 DEVON ENERGY CORP	P	2023-02-17	2023-06-26
	1330 DEVON ENERGY CORP	P	2022-04-29	2023-06-26
	250 FTAI FIN HOLDCO LTD	P	2022-11-21	2023-07-05
	515 DEVON ENERGY CORP	P	2022-04-29	2023-07-05
	5930 FTAI FIN HOLDCO LTD	P	2022-11-21	2023-07-31
	6380 MATIV HOLDINGS	P	2022-10-28	2023-08-01
	580 UBER TECH	P	2022-10-28	2023-09-01
	205 XPO INC	P	2022-10-28	2023-09-01
	105 MARRIOTT INTL	P	2023-01-01	2023-09-22
	120 UBER TECH	P	2022-10-28	2023-09-22
	230 AT&T	P	2022-10-04	2023-11-27
	3345 AT&T	P	2022-10-04	2023-11-28
	8085 VF CORP	P	2023-08-02	2023-12-14
	2320 AT&T	P	2022-10-04	2023-12-06
	300 SEAGATE TECHNOLOGY	P	2022-10-06	2023-12-06
	350 WILLIAMS COS	P	2022-10-28	2023-12-06
	10 REGENERON PHARMS INC	P	2022-08-09	2023-09-22
	Capital Gain Dividends

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	10,886		10,886
b	39,494	595	38,899
c	34,149	3,255	30,894
d	45,226	1,457	43,769
e	1,074,991		1,074,991
	37,356	34,224	3,132
	13,500	9,064	4,436
	6,137	5,002	1,135
	20,425	16,927	3,498
	53,604	38,203	15,401
	65,390	46,898	18,492
	160,715	154,763	5,952
	40,852	29,293	11,559
	40,017	34,408	5,609
	239,554	161,902	77,652
	13	13
	28,413	13,909	14,504
	18,244	13,364	4,880
	9,671	4,470	5,201
	3,867	2,813	1,054
	167,933	118,015	49,918
	73,210	156,570	-83,360
	7,918	6,296	1,622
	12,988	10,115	2,873
	7,472	6,228	1,244
	12,160	10,147	2,013
	7,824	7,612	212
	14,625	16,141	-1,516
	63,773	78,336	-14,563
	7,706	4,150	3,556
	25,019	30,333	-5,314
	190,695	98,433	92,262
	114,833	151,195	-36,362
	27,398	15,416	11,982
	15,525	6,391	9,134
	20,597	17,049	3,548
	5,432	3,189	2,243
	3,729	3,691	38
	54,021	53,685	336
	163,720	154,378	9,342
	39,446	37,234	2,212
	23,568	16,615	6,953
	12,559	11,344	1,215
	8,292	6,228	2,064
			8,444

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			10,886
b			38,899
c			30,894
d			43,769
e			1,074,991
			3,132
			4,436
			1,135
			3,498
			15,401
			18,492
			5,952
			11,559
			5,609
			77,652

			14,504
			4,880
			5,201
			1,054
			49,918
			-83,360
			1,622
			2,873
			1,244
			2,013
			212
			-1,516
			-14,563
			3,556
			-5,314
			92,262
			-36,362
			11,982
			9,134
			3,548
			2,243
			38
			336
			9,342
			2,212
			6,953
			1,215
			2,064

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,442,040
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	304,860

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	24,503
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	24,503
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	24,503
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	44,485
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	20,000
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	64,485
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	39,982
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax39,982	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

Louis Della Valle Telephone no. right arrow

(508) 339-6074

Located at right arrow

272 Chauncy Street Suite 5MansfieldMA ZIP+4 right arrow

02048

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

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

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

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

16 No

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

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
IRENE URBANEK RUIZ	Secretary 1.00	0
PO BOX 7812 MENLO PARK,CA94026	Secretary 1.00	0
LIDA URBANEK	CEO 1.00	0
PO BOX 7812 MENLO PARK,CA94026	CEO 1.00	0
KAREL URBANEK	CFO 1.00	0
PO BOX 7812 MENLO PARK,CA94026	CFO 1.00	0
ANDREW URBANEK	Director 1.00	0
PO BOX 7812 MENLO PARK,CA94026	Director 1.00	0
MATTHEW URBANEK	Director 1.00	0
PO BOX 7812 MENLO PARK,CA94026	Director 1.00	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

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 arrow

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2023)

Page 8

Part IX

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

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

purposes:

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

13,630,322

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

736,876

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

19,982

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

14,387,180

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

14,387,180

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

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

215,808

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

14,171,372

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

708,569

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

708,569

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

24,503

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

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

24,503

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

684,066

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

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

684,066

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

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

684,066

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

314,754

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

314,754

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7			684,066
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......		148,342
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........
4Qualifying distributions for 2023 from Part
XI, line 4: $ 314,754
a Applied to 2022, but not more than line 2a		148,342
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2023 distributable amount.....			166,412
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2023.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........			517,654
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

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

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

LIDA URBANEK

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
LEAGUE TO SAVE LAKE TAHOE 955 EMERALD BAY ROAD SOUTH LAKE TAHOE,CA96150	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	10,000
PENINSULA OPEN SPACE TRUST 222 HIGH STREET PALO ALTO,CA94301	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	10,000
EASTSIDE COLLEGE PREPARATORY SCHOOL 1041 MYRTLE STREET EAST PALO ALTO,CA94303	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	20,000
SAMARITAN HOUSE 1511 S CLAREMONT STREET SAN MATEO,CA94402	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	20,000
SAN DIEGO CANYONLANDS 3552 BANCROFT STREET SAN DIEGO,CA92104	NONE	509(A)(1)	UNRESTRICTED CHARITABLE DONATION	15,000
LIFEMOVES 181 CONSTITUTION DRIVE MENLO PARK,CA94025	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	20,000
CHARLOTTE MAXWELL CLINIC 610 16TH STREET SUITE 426 OAKLAND,CA94612	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	20,000
FOOTHILL DEANZA FOUNDATION 12345 S EL MONTE ROAD LOS ALTOS,CA94022	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	50,000
JOBTRAIN 1200 OBRIEN DRIVE MENLO PARK,CA94025	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	20,000
WOODSIDE HIGH SCHOOL FOUNDATION 199 CHURCHILL AVENUE WOODSIDE,CA94062	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	20,000
SMCCC FOUNDATION 3401 CSM DRIVE SAN MATEO,CA94402	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	24,000
PENINSULA BRIDGE 457 KINGSLEY AVENUE PALO ALTO,CA94301	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	10,000
ECUMENICAL HUNGER PROGRAM 2411 PULGAS AVENUE EAST PALO ALTO,CA94303	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	20,000
BOYS AND GIRLS CLUB OF THE PENINSUL 401 PIERCE ROAD MENLO PARK,CA94025	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	20,000
ABLE WORKS 1836 BAY ROAD EAST PALO ALTO,CA94303	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	10,000
HEALTHY CITIES TUTORING PO BOX 653 SAN CARLOS,CA94070	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	10,000
UC SAN DIEGO FOUNDATION 9500 GILMAN DRIVE LA JOLLA,CA92093	NONE	509(a)(1)	UNRESTRICTED CHARITABLE DONATION	10,000
Total ................................. 3a				309,000

bApproved for future payment

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

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....					450,067
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 ............					1,442,040
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) ..					1,892,107

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

1,892,107

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:	23017517
Software Version:	2023v5.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

URBANEK FAMILY FOUNDATION

EIN:

94-3267087

Software ID:

23017517

Software Version:

2023v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREP. AND ACCOUNTING FEES	9,200	4,600	0	4,600

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

URBANEK FAMILY FOUNDATION

EIN:

94-3267087

Software ID:

23017517

Software Version:

2023v5.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CISCO SYSTEMS INC.	222,171	373,848
COCA COLA	98,967	165,004
SELECT SECTOR	295,183	504,686
KLA-TENCOR	471,224	2,673,980
PRIME CYBER SEC	99,391	187,271
ISHARES TR US REGIONAL BANKS	249,089	276,144
KLA-TENCOR	419,905	2,964,630
JP MORGAN CHASE & CO	95,628	170,100
PFIZER INC
CALL KLA CORP	178,179	242,262
ABBVIE INC
CHEMOURS CO	99,542	113,260
CLEVELAND-CLIFFS INC	451,973	508,458
IBM CORP	148,945	197,078
INTEL CORP	15,711	28,391
QUALCOMM INC	150,043	182,378
AT&T
ALBANY INTL CO	20,465	22,099
AMERICAN EXPRESS CO	27,485	34,658
APTIV PLC	27,991	28,262
ARDAGH METAL PACKAGING	129,106	122,035
B & G FOODS	160,296	108,938
BRISTOL-MYERS SQUIBB	33,236	22,320
CARMAX	20,775	25,324
CARRIER GLOBAL CORP	31,210	46,247
CISCO SYSTEMS	31,870	35,617
CLEARWAY ENERGY INC	199,767	181,362
COMPASS DIVERSIFIED	128,690	140,649
DEVON ENERGY CORP
DOW INC	176,079	203,731
EVEREST RE GROUP LTD	20,491	22,983
FISERV INC	37,008	47,822
FOOT LOCKER INC
FREEPORT-MORGAN INC	36,975	49,594
FTAI FIN HOLDCO LTD
GXO LOGISTICS INC	22,206	38,225
HERCULES CAPITAL INC	127,739	149,030
JETBLUE AIRWAYS CORP	22,961	16,511
KINDER MORGAN INC	163,369	163,787
KOHLS CORP	170,319	171,621
MARRIOTT INTL	21,246	30,444
MATERION CORP	21,495	33,183
MATIV HOLDINGS INC
MEDTRONIC PLC	30,282	29,657
META PLATFORMS	6,458	23,007
NAVIENT CORP
NEW YORK CITY CMNTY BANCO	134,142	147,875
NEXTERA ENERG 5.279%	211,630	178,402
NORTHROP GRUMMAN CORP	35,958	35,111
ONEOK INC	150,792	180,816
PALO ALTO NETWORKS	13,364	28,014
PIONEER NATURAL RES	204,638	195,646
POSTAL REALTY TRUST INC	121,782	116,771
REGENERON PHARMS INC	28,027	39,523
ROSS STORES INC
RXO INC
SEAGATE TECHNOLOGY HLD	128,492	198,058
STAR BULK CARRIERS	126,692	150,733
SYSCO CORP	34,522	29,618
TERADYNE INCORPORATE	22,186	29,300
THERMO FISHER SCNTFC	27,910	29,193
UBER TECHNOLOGIES INC	18,207	42,175
UMPQUA HOLDINGS CORP
UNITED RENTALS INC	30,213	57,342
VERIZON COMMUNICATION	143,226	136,097
WALT DISNEY CO	31,863	27,538
WESTERN UNION CO	128,289	108,770
WILLIAMS COS INC	140,011	150,466
XPO INC	10,912	30,656
ZIMMER BIOMET HLDGS	15,100	17,647
3M CO	178,563	161,247
EASTERLY GIVT PPTYS	207,882	180,298
IRON MTN INC	164,219	230,584
LAMAR ADVERTISING	153,285	175,362
NNN REIT INC	150,668	156,884
SABRA HLTH CARRE	139,888	151,048
SL GREEN REALTY CORP	124,043	139,349
UNUM GROUP
CHARLES SCHWAB CORP	28,549	36,464
COLUMBIA BANKING SYS	164,630	149,728
DOCUSIGN	26,854	37,751
FLEX LNG LTD	102,540	89,069
ORGANON & CO	163,130	118,028
PFIZER INC	162,951	129,267
SKYWORKS SOLUTIONS	31,029	28,667
STANLEY BLACK & DECK	125,208	155,979
WHIRLPOOL CORP	166,914	169,261
CROWN CASTLE INC	144,546	147,444
VENTAS INC	34,067	37,629

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

URBANEK FAMILY FOUNDATION

EIN:

94-3267087

Software ID:

23017517

Software Version:

2023v5.0

US Government Securities - End of Year Book Value:

1,743,410

US Government Securities - End of Year Fair Market Value:

1,743,410

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

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

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

URBANEK FAMILY FOUNDATION

EIN:

94-3267087

Software ID:

23017517

Software Version:

2023v5.0

Description	Amount
BOOK/TAX DIFFERENCE FOR KLA TENCOR	201,558
FEDERAL TAX	24,503

- TIN:

TY 2023 OtherExpensesSchedule

Name:

URBANEK FAMILY FOUNDATION

EIN:

94-3267087

Software ID:

23017517

Software Version:

2023v5.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FILING FEES	200			200

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

URBANEK FAMILY FOUNDATION

EIN:

94-3267087

Software ID:

23017517

Software Version:

2023v5.0

Description	Amount
TIMING DIFFERENCES	2,006

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

URBANEK FAMILY FOUNDATION

EIN:

94-3267087

Software ID:

23017517

Software Version:

2023v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	123,758	123,758	0	0

- TIN:

TY 2023 TaxesSchedule

Name:

URBANEK FAMILY FOUNDATION

EIN:

94-3267087

Software ID:

23017517

Software Version:

2023v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER TAX EXPENSE	1,907	953		954