Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
FREDERICK S UPTON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2900 S STATE STREET STE 2E
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST JOSEPH, MI49085
A Employer identification number

84-2579330
B Telephone number (see instructions)

(269) 983-3304
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$45,975,761J 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) 120,338
2 Check right arrow.............
3 Interest on savings and temporary cash investments 16,932 16,932  
4 Dividends and interest from securities... 1,253,421 1,253,421  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,420,637
b Gross sales price for all assets on line 6a 9,497,574
7 Capital gain net income (from Part IV, line 2)... 1,420,637
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).......      
12 Total. Add lines 1 through 11........ 2,811,328 2,690,990  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
32,750 0   32,750
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
209,285 209,285   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
29,475 29,475   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,693 0   3,693
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,266 0   6,266
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 281,469 238,760   42,709
25 Contributions, gifts, grants paid....... 2,000,054 2,000,054
26 Total expenses and disbursements. Add lines 24 and 25 2,281,523 238,760   2,042,763
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 529,805
b Net investment income (if negative, enter -0-) 2,452,230
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............. 953,680 1,278,915 1,278,915
2 Savings and temporary cash investments......... 23 60 60
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)....... 18,088,223 Click to see attachment
List of Attached Documents:
// Content
18,083,710 		35,250,976
c Investments—corporate bonds (attach schedule)....... 8,780,337 Click to see attachment
List of Attached Documents:
// Content
9,150,817 		7,984,289
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans............. 117,133 139,468 133,888
13 Investments—other (attach schedule).......... 971,734 Click to see attachment
List of Attached Documents:
// Content
787,965 		1,327,633
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,911,130 29,440,935 45,975,761
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 28,911,130 29,440,935
29 Total net assets or fund balances (see instructions)..... 28,911,130 29,440,935
30 Total liabilities and net assets/fund balances (see instructions). 28,911,130 29,440,935
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
28,911,130
2
Enter amount from Part I, line 27a .....................
2
529,805
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
29,440,935
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
29,440,935
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 BAIRD P   2023-07-19
b CAPITAL GROUP P   2023-12-31
c CAPITAL GROUP P   2023-12-31
d JP MORGAN P   2023-12-31
e JP MORGAN P   2023-12-31
(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 155,283   5,642 149,641
b 3,637,729   3,761,271 -123,542
c 3,602,145   2,544,776 1,057,369
d 475,830   465,528 10,302
e 1,626,587   1,299,720 326,867
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       149,641
b       -123,542
c       1,057,369
d       10,302
e       326,867
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 1,420,637
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 34,086
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 34,086
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 34,086
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 15,658
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 15,658
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 18,428
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 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
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMI
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 arrowLISA CRIPPS-DOWNEY Telephone no.right arrow (269) 983-3304

Located atright arrow2900 SOUTH STATE STREET SUITE 2EST JOSEPHMI ZIP+4right arrow49085
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)
 
No
(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
 
 
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
JEFF UPTON VICE CHAIR
1.00 		0 0 0
1400 OCEAN BLVD UNIT 210
STSIMONS ISLAND,GA31522
CARRIE VILL CHAIR
1.00 		0 0 0
16403 RINGER ROAD
WAYZATA,MN55391
THOMAS FOWLER TREASURER
1.00 		0 0 0
1227 SPUR DRIVE
ST JOSEPH,MI49085
KATIE MCCLENDON SECRETARY
1.00 		0 0 0
6902 AVONDALE DRIVE
OKLAHOMA CITY,OK73116
CHARLEY UPTON MEMBER
1.00 		0 0 0
32 FAIRWAY DRIVE
CABOT,AZ72023
SARAH DUPONT MEMBER
1.00 		0 0 0
1685 OWENSVILLE ROAD
CHARLOTTSEVILLE,VA22901
MARGY TRUMBULL MEMBER
1.00 		0 0 0
2567 OLDE BROOKSIDE ROAD
OTTAWA HILLS,OH43615
BETSY UPTON STOVER MEMBER
1.00 		0 0 0
214 WEST SUMMIT STR
ANN ARBOR,MI48103
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
43,223,237
b
Average of monthly cash balances.......................
1b
1,116,309
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
44,339,546
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
44,339,546
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
665,093
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
43,674,453
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,183,723
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
2,183,723
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
34,086
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
34,086
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,149,637
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,149,637
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
2,149,637
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
2,042,763
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
2,042,763
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 2,149,637
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 376,139
b Total for prior years:20 , 20, 20 0
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 ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,042,763
a Applied to 2022, but not more than line 2a 376,139
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..... 1,666,624
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		483,013
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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 e-mail address of the person to whom applications should be addressed:
LISA CRIPPS-DOWNEY
2900 S STATE 2E
ST JOSEPH,MI49085
(269) 983-3304
bThe form in which applications should be submitted and information and materials they should include:
INQUIRIES CAN BE SENT TO THE ABOVE ADDRESS
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
LIMITED TO ORGANIZATIONS DESCRIBED IN IRC SECTION 501(C)(3).
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

BERRIEN COMMUNITY FOUNDATION

2900 SOUTH STATE STREET 2E
ST JOSEPH,MI49085 		N/A PC PROGRAM SUPPORT 2,000,054
Total .................................right arrow 3a 2,000,054
bApproved for future payment
Total ................................. right arrow 3b 0
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 16,932  
4 Dividends and interest from securities ....     14 1,253,421  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,420,637  
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) .. 0 2,690,990 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,690,990
(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
FREDERICK S UPTON FOUNDATION
 
Employer identification number

84-2579330
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
FREDERICK S UPTON FOUNDATION
  		Employer identification number
84-2579330
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
FREDERICK S UPTON FOUNDATION
 
10 S DEARBORN ST MAIL CODE IL1-0104
 
CHICAGO, IL60603

$ 50,000


(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
FREDERICK S UPTON FOUNDATION
  		Employer identification number

84-2579330
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
FREDERICK S UPTON FOUNDATION
  		Employer identification number

84-2579330
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 InvestmentsCorpBondsSchedule
Name:
FREDERICK S UPTON FOUNDATION
EIN:
84-2579330
Name of Bond End of Year Book Value End of Year Fair Market Value
577424 SHS AMERICAN BOND FUND OF AMERICA CLASS F3 7,683,968 6,638,405
65397 SIX CIRCLES GLOBAL BOND 634,591 554,565
8245 VANGUARD TOTAL INTL BOND ETF 404,519 407,014
28326 SIX CIRCLES CREDIT OPPORT 259,147 248,139
2213 VANGUARD LONG-TERM TREASURY ETF 168,592 136,166

TY 2023 InvestmentsCorpStockSchedule
Name:
FREDERICK S UPTON FOUNDATION
EIN:
84-2579330
Name of Stock End of Year Book Value End of Year Fair Market Value
9501 SPDR S&P 500 ETF 1,780,331 4,515,920
122109 SIX CIRCLES US UNCONSTR EQ 1,335,542 1,812,099
114052 SIX CIRCLES INTL UNCON 1,009,004 1,226,064
5465 FIDELITY 500 INDEX FUND 588,310 904,409
8898 JPMORGAN BETABUILDERS JAPAN ETF 429,909 467,323
5160 VANGUARD INT-TERM CORPORATE 405,972 419,405
6911 ISHARES MSCI EAFE-EFT 359,252 520,744
5768 JPMORGAN BETABUILDERS CANADA 267,284 369,844
4844 JPMORGAN BETABUILDERS EUROPE ETF 255,809 274,122
5038 JPMORGAN BETABUILDERS DEVELO 252,267 249,431
42500 SHS WHIRLPOOL CORP 234,139 5,053,455
3009 BRISTOL MYERS SQUIBB CO COM 211,169 154,392
3000 SHS ASTRAZENECA PLC 206,420 405,323
2385 PHILIP MORRIS INTL INC COM 194,373 224,381
2393 SHS SAFRAN SA PARIS 192,722 421,464
3697 SHS TOTALENERGIES SE 176,940 251,534
2349 SHS GROUP DANONE 158,055 152,244
10093 ENGIE ACT COM STK C/A EFF 01/2/23 155,027 177,449
4107 SHS BRITISH AMERICAN TOBACCO PLC ORD 154,643 120,164
1558 SAP AG SYSTEME ANWENDUNGEN PRODUKTE 148,510 240,019
1845 SHS RECKITT BENCKISER GROUP PLC SLOUGH 141,774 127,459
412 MASTERCARD IN CL A 141,568 175,722
2544 SHS ANHEUSER BUSCH INBEV SA NV 137,719 164,151
1920 ABBOTT LABS COM 136,299 211,334
474 NORTHROP GRUMMAN CORP COM 134,795 221,898
5021 SHS INDUSTRIA DE DISENO TEXTIL INDITES 132,743 218,667
1528 LONDON STOCK EXCH GROUP PLC LONDON 122,742 180,619
1874 SHS NESTLE SA CHAM ET VEVEY 118,885 217,152
453 FEDEX CORP COM 117,130 114,595
1877 SHS AMADEUS IT GROUP SA 116,337 134,506
5042 NOVO NORDISK AS VORMALS NOVO 111,488 521,662
583 ZOETIS INC COM 109,419 115,067
1222 ALPHABET INC CAP STK CL C 107,610 172,216
21009 SHS BP PLC 107,192 124,826
1310 AMETEK INC NEW COM 106,642 216,006
700 SHS FUJITSU LTD ORD 106,404 105,647
183 SHS KERING SA 105,655 80,647
5810 SHS DNB BANK ASA REGISTERED 104,286 123,605
4400 UNITED OVERSEAS BANK LTD SHS ISIN 100,281 94,920
511 HONEYWELL INTL INC COM 99,800 107,162
2136 GODADDY INC CL A 99,197 226,758
35158 SHS KONINKLUKE KPN NV 98,667 121,078
84 MERCADOLIBRE INC COM 97,509 132,009
807 SHS L'AIR LIQUIDE CO LTF 95,976 156,981
1062 CARLSBERGRNATIONAL 94,533 133,283
1259 HILTON WORLDWIDE HLDGS INC 92,732 229,251
5095 VALE S A ADR 89,781 80,807
1137 CHEVRON CORP NEW COM 88,337 169,595
489 UNITEDHEALTH GROUP INC COM 87,760 257,444
358 SIKA AG NAMEN-AKT 87,476 116,440
527 JOHNSON & JOHNSON COM 85,948 82,602
2012 SHS TC ENERGY CORPORATION REGISTERED 84,914 78,991
114 REGENERON PHARMACEUTICALS INC COM 84,798 100,125
5000 SHS SHIN ETSU CHEMICAL CO 84,365 209,876
6777 SHS AMERICA MOVIL SAB DE C V SPONSORED 84,036 125,510
519 BEIGENE LTD SPONSORED ADR 82,683 93,607
831 SHS TFI INTERNATIONAL INC REGISTERED 81,759 113,607
1382 MICROSOFT CORP COM 81,749 519,687
1357 SHS AIRBUS SE BEARER 81,553 209,503
570 FIDELITY NATL INFORMATION SVCS INC 79,336 34,240
2074 ALPHABET INC CL A 78,842 289,717
782 RTX CORP COM 74,535 65,797
233 LINDE PLC SH 73,885 95,695
546 SHS OBIC CO LTD TOKYO 73,854 94,102
8817 LINK REAL ESTATE INVESTMENT TRUST 73,069 49,514
141 LVMH (MOET HENNESSY LOUIS VUITTON) 72,511 114,247
2071 KEURIG DR PEPPER INC COM 69,664 69,006
3537 DBS GROUP HLDGS LTD 69,224 89,605
24298 SHS AIA GROUP LTD HONG KONG 68,908 211,758
447 ABBVIE INC COM 68,290 69,272
471 SHS LOREAL 67,400 234,437
3404 EPIROC AB REGISTERED SHS -A- ISIN 67,287 68,314
1582 SHS HDFC BK LTD ADR REPSTG 3 66,016 106,168
1511 CARRIER GLOBAL CORP COM 64,908 86,807
373 ANALOG DEVICES INC COM 64,439 74,063
929 GENERAL MLS INC COM 64,296 60,515
2193 CENTERPOINT ENERGY INC COM 64,223 62,654
355 SHS ADIDAS AG ORD 63,398 72,208
1782 JPMORGAN CHASE & CO COM 62,846 303,118
926 EDISON INTL COM 62,107 66,200
749 ARMSTRONG WORLD INDS INC 61,998 73,642
165 S&P GLOBAL INC COM 61,709 72,686
951 CONOCOPHILLIPS COM 61,600 110,383
315 GALLAGHER ARTHUR J & CO COM 60,874 70,837
1210 PFIZER INC COM 59,999 34,836
1353 EVERTEC INC COM 59,331 55,392
582 ELECTRONIC ARTS INC COM 58,666 79,623
8853 SHS B&M EUROPEAN VALUE RETAIL SA 57,609 63,213
124 EQUINIX INC COM PAR 57,353 99,868
723 RYANAIR HLDGS PLC SPONSORED ADR NEW 57,089 96,419
1197 WORLD LINE ORD SHARE EUR 56,001 20,717
610 EDWARDS LIFESCIENCES CORP COM 55,670 46,513
591 ITT INC COM 55,510 70,518
1414 RELX PLC SHS ISIN 53,410 56,051
729 ESSILORLUXOTTICA SA ACT 52,877 146,221
1306 SHS STMICROELECTRONICS NV 52,857 65,214
242 MTU AERO ENGINES HOLDINGS AG 52,561 52,188
126 CHARTER COMMUNICATIONS INC NEW CL A 50,835 48,974
2053 SHS ABB LTD ZUERICK NAMEN AKT 50,627 91,000
593 NIKE INC CL B 49,968 64,382
21 SHS SHS GIVAUDAN AG DUEBENDOF 49,695 86,945
469 TAKE-TWO INTERACTIVE SOFTWARE INC 49,650 75,486
274 KLA CORP COM 49,169 159,276
8446 SHS NOKIA OYJ 49,148 28,471
2446 COMCAST CORP NEW CL A 48,350 107,257
189 MSCI INC COM 47,834 106,908
300 DAIKIN INDS LTD ORD 47,346 48,917
40000 SHS NTT NIPPON TELEGRAPH & TELEPHON CORP 47,197 48,892
828 SEMPRA COM 47,013 61,876
545 GENERAL ELEC CO COM NEW 46,211 69,558
623 YUM BRANDS INC COM 45,971 81,401
91 NETFLIX INC COM 45,132 44,306
296 SHS GENMAB A/S 43,808 94,538
400 HOYA CORP SHS ISIN 43,447 50,013
662 STATE STR CORP COM 42,901 51,279
232 TEXAS INSTRS INC COM 42,859 39,547
185 CONSTELLATION BRANDS INC CL A 42,693 44,724
200 SALESFORCE INC COM 42,619 52,628
224 CAPGEMINI SE SHS ISIN 42,202 46,698
1400 DAIICHI SANKYO CO LTD TOKYO SHS ISIN 42,201 38,455
315 WASTE CONNECTIONS INC COM ISIN 41,961 47,020
1869 SHS IMPERIAL BRANDS PLC 41,948 43,035
948 WELLS FARGO & CO NEW COM 41,753 46,661
255 SHS SMC CORP 41,672 137,048
2466 CSX CORP COM 41,516 85,496
1100 ITOCHU CORP SHS ISIN 41,479 45,002
182 TRACTOR SUPPLY CO COM 40,929 39,135
570 INGERSOLL RAND INC COM 40,173 44,084
1247 ROYAL CARIBBEAN GROUP 40,153 161,474
361 STRAUMANN HOLDINGAG NAMEN-AKT 40,065 58,172
829 UNITED AIRLS HLDGS INC COM 39,794 34,205
3066 AES CORP COM 39,051 59,021
659 SHS UNILEVER PLC 38,629 31,919
2100 SHS HAMAMATSU PHOTONICS KK 37,911 86,405
892 DASSAULT SYSTEMES SE ACT ISIN 36,847 43,581
800 HONG KONG EXCHANGES AND CLEARING LTD ISIN 36,691 27,458
1500 NOMURA RESEARCH INSTITUTE LTD YOKOHAMA 36,573 43,639
864 TRIMBLE INC COM 36,397 45,965
36 PARTNERS GROUP HLDG ZUG NAMEN AKT ISIN 36,257 51,893
900 TDK CORP SHS ISIN 35,136 42,885
1200 TERUMO CORP SHS ISIN 34,958 39,346
1644 TAIWAN SEMICONDUCTOR MFG CO SPONSORED ADR 34,529 170,976
151 PERNOD RICARD ORD SHS ISIN 34,133 26,643
1000 RECRUIT HOLDINGS CO LTD SHS ISIN 33,802 42,302
900 UNI CHARM CORP SHS ISIN 33,780 32,549
1000 ORIENTAL LAND CO LTD SHS ISIN 33,038 37,251
550 SHS AON PLC REGISTERED CL A 32,559 160,061
590 CMS ENERGY CORP COM 32,200 34,261
454 CVS HEALTH CORP COM 32,176 35,848
267 AMAZON COM INC 32,131 40,568
247 HEICO CORP NEW COM 31,956 44,181
781 DELTA AIR LINES INC DEL COM NEW 30,977 31,420
103 SERVICENOW INC COM 30,846 72,768
136 NICE SYSTEMS LTD SPONS ADR 30,315 27,133
208 AXON ENTERPRISE INC COM 30,235 53,733
2485 SHS NATIONAL GRID PLC REGISTERED 29,744 33,511
536 BROADCOM INC COM 29,555 598,310
538 CME GROUP INC COM 29,523 113,302
4350 SHS ASAHI KASEI CORP 28,797 32,062
125 NORFOLK SOUTHN CORP COM 28,320 29,548
286 WOLFSPEED INC COM 28,300 12,444
236 CHURCHILL DOWNS INC 28,078 31,843
8709 ROLLS-ROYCE HOLDINGS PLC LONDON SHS ISIN 27,913 33,268
283 HEICO CORP NEW CL A 27,275 40,311
970 MARSH & MCLENNAN COS INC COM 27,237 183,786
643 ATS CORPORATION REGISTERED SHS ISIN 26,288 27,853
383 MONDELEZ INTL INC CL A 25,213 27,741
737 INTEL CORP COM 24,931 37,034
1585 UNICREDIT SPA AZ NOMINATIVA POST 24,751 43,004
230 CANADIAN NATL RY CO COM ISIN 24,750 28,895
47 SHS HERMES INTL S A 23,492 99,608
280 DSV A S SHS ISIN 23,153 49,196
532 SHS ASML HOLDING N V 22,298 400,563
120 TRANSDIGM GROUP INC COM 21,966 121,392
124 LINCOLN ELEC HLDGS INC COM 21,596 26,965
172 PNC FINL SVCS GROUP INC COM 20,581 26,634
574 SHOPIFY INC CL A 19,595 44,715
81 COSTCO WHOLESALE CORP NEW COM 17,025 53,466
14 METTLER-TOLEDO INTL INC COM 16,309 16,981
113 META PLATFORMS INC CL A 14,526 39,997
60 ADOBE SYS INC COM 14,476 35,796
420 SHS KEYENCE CORPED 14,043 185,085
338 VERALTO CORP COM 13,492 27,804
161 CHUBB LTD COM 11,173 36,386
2964 APPLE INC COM 10,080 570,659
533 DANAHER CORP COM 9,715 123,304
151 DKSH HOLDING AG ZUERICH NAMEN AKT 8,954 10,479
630 VISA INC COM CL A 8,813 164,021
1212 NOVO NORDISK A.S ADR FORMERLY NOVO 8,654 125,381
1000 GALAXY ENTERTAINMENT GRP ISIN 7,024 5,603
85 MODERNA INC COM 6,530 8,453
80 LILLY ELI & CO COM 6,333 46,634
191 HENRY JACK & ASSOC INC COM 6,288 31,211
3300 SINGAPORE TELECOMMUNICATIONS LTD SHS BOARD LOT 1000 6,088 6,181
501 SHS BAE SYSTEMS PLC 5,500 7,091
15 MOLINA HEALTHCARE INC COM 4,122 5,420
85 SHS TENCENT HLDGS LTD 3,663 3,196
15 ALBERMARLE CORP COM 2,983 2,167
82 BROOKFIELD ASSET MANAGEMENT LTD CL A LTD VTG SHS 2,745 3,310
435 DOLLAR GEN CORP NEW COM 0 59,138

TY 2023 InvestmentsOtherSchedule2
Name:
FREDERICK S UPTON FOUNDATION
EIN:
84-2579330
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
1049 BLACKSTONE PARTNERS OFFSHORE FUND AT COST 787,965 1,327,633

TY 2023 LegalFeesSchedule
Name:
FREDERICK S UPTON FOUNDATION
EIN:
84-2579330
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL & PROFESSIONAL FEES 32,750 0   32,750


TY 2023 OtherExpensesSchedule
Name:
FREDERICK S UPTON FOUNDATION
EIN:
84-2579330
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSES 113 0   113
INSURANCE 3,359 0   3,359
OTHER EXPENSES 2,794 0   2,794


TY 2023 OtherProfessionalFeesSchedule
Name:
FREDERICK S UPTON FOUNDATION
EIN:
84-2579330
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 209,285 209,285   0


TY 2023 TaxesSchedule
Name:
FREDERICK S UPTON FOUNDATION
EIN:
84-2579330
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 29,475 29,475   0