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
P FALK TRUST 002738
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1700
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
IOWA CITY, IA52244
A Employer identification number

42-6091303
B Telephone number (see instructions)

(319) 356-5933
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$1,430,316J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 38,283 38,012  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 29,965
b Gross sales price for all assets on line 6a 404,595
7 Capital gain net income (from Part IV, line 2)... 29,965
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
778    
12 Total. Add lines 1 through 11........ 69,026 67,977  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 11,847 8,886   2,962
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
776 388 0 388
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,545 773 0 773
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
372 361   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,719 4,719    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 19,259 15,127 0 4,123
25 Contributions, gifts, grants paid....... 105,000 105,000
26 Total expenses and disbursements. Add lines 24 and 25 124,259 15,127 0 109,123
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -55,233
b Net investment income (if negative, enter -0-) 52,850
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 38,284 36,074 36,074
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 311,049 Click to see attachment
List of Attached Documents:
// Content
307,688 		655,735
c Investments—corporate bonds (attach schedule)....... 566,177 Click to see attachment
List of Attached Documents:
// Content
527,507 		510,305
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 233,667 Click to see attachment
List of Attached Documents:
// Content
218,909 		228,202
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) 1,149,177 1,090,178 1,430,316
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,149,177 1,090,178
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,149,177 1,090,178
30 Total liabilities and net assets/fund balances (see instructions). 1,149,177 1,090,178
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
1,149,177
2
Enter amount from Part I, line 27a .....................
2
-55,233
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,093,944
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,766
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,090,178
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 59.453 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2014-08-11 2023-01-05
b 4226.679 LORD ABBETT INVT TR SHORT DURATION INCOME F   2019-07-17 2023-01-05
c 381.68 LORD ABBETT INVT TR SHORT DURATION INCOME F   2022-08-19 2023-01-05
d 2292.683 LORD ABBETT INVT TR SHORT DURATION INCOME F   2022-02-09 2023-01-05
e 48.077 PIMCO FDS INCOME INSTL   2022-02-09 2023-01-05
1104.101 PIONEER SER TR X MULTI-ASSET ULTRASHORT INCOME Y   2022-02-09 2023-01-05
81.169 VANGUARD FIXED INCOME SECS FD GNMA ADM   2021-08-18 2023-01-05
9. META PLATFORMS INC CL A   2017-09-13 2023-02-03
54. VERIZON COMMUNICATIONS INC COM   2009-02-06 2023-02-03
60. VERIZON COMMUNICATIONS INC COM   2014-03-31 2023-02-03
136.309 AB CAP FD INC SMALL CAP GROWTH ADVISOR   2021-10-07 2023-02-13
102.145 BAIRD FDS INC AGGREGATE BOND INST   2022-11-17 2023-02-13
9. BOEING CO COM   2009-06-25 2023-02-13
6. BROADCOM INC COM   2021-08-25 2023-02-13
15.132 COHEN & STEERS GLOBAL RLTY SHS GLOBAL REALTY I   2019-07-17 2023-02-13
13.277 COHEN & STEERS GLOBAL RLTY SHS GLOBAL REALTY I   2022-07-29 2023-02-13
37.485 FIDELITY INVT TR EMERGING MARKETS Z   2022-08-19 2023-02-13
95.178 GOLDMAN SACHS TR EMERGING MARKETS EQUITY INSIGHTS INTL   2022-06-29 2023-02-13
18. JPMORGAN CHASE & CO COM   2010-03-10 2023-02-13
107.412 MFS SER TR XIII NEW DISCOVERY VALUE R6   2022-02-09 2023-02-13
146.225 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2021-07-13 2023-02-13
135.624 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2021-08-18 2023-02-13
20.546 T ROWE PRICE MID-CAP GROWTH I   2019-09-24 2023-02-13
5. TARGET CORP COM   2020-12-11 2023-02-13
7. TARGET CORP COM   2021-04-28 2023-02-13
13.617 VICTORY PORTFOLIOS SYCAMORE ESTABLISHED VALUE I   2022-02-09 2023-02-13
23.743 VICTORY PORTFOLIOS SYCAMORE ESTABLISHED VALUE I   2022-02-09 2023-02-13
15. CAPITAL ONE FINL CORP COM   2022-03-29 2023-02-15
13. JPMORGAN CHASE & CO COM   2012-09-05 2023-02-15
6. JPMORGAN CHASE & CO COM   2010-03-10 2023-02-15
8. DOLLAR GEN CORP NEW COM   2016-03-23 2023-02-22
7. ACCENTURE PLC IRELAND SHS CLASS A   2007-10-25 2023-02-22
34.317 AB CAP FD INC SMALL CAP GROWTH ADVISOR   2022-07-29 2023-03-07
2. BROADCOM INC COM   2020-09-28 2023-03-07
3. BROADCOM INC COM   2021-08-25 2023-03-07
5. META PLATFORMS INC CL A   2016-09-02 2023-03-07
6. META PLATFORMS INC CL A   2017-09-13 2023-03-07
30.093 FIDELITY INVT TR EMERGING MARKETS Z   2022-08-19 2023-03-07
130.89 GOLDMAN SACHS TR EMERGING MARKETS EQUITY INSIGHTS INTL   2022-06-29 2023-03-07
8. HOME DEPOT INC COM   2016-11-17 2023-03-07
66.978 MFS SER TR XIII NEW DISCOVERY VALUE R6   2022-02-09 2023-03-07
43.764 MFS SER TR XIII NEW DISCOVERY VALUE R6   2022-07-29 2023-03-07
2. OREILLY AUTOMOTIVE INC COM   2011-05-04 2023-03-07
11. VISA INC COM CL A   2017-06-26 2023-03-07
115. BALL CORP COM   2008-01-22 2023-04-20
115. BALL CORP COM   2008-01-22 2023-04-20
5. MICRON TECHNOLOGY INC COM   2020-09-28 2023-04-20
27. MICRON TECHNOLOGY INC COM   2021-06-28 2023-04-20
5. MICRON TECHNOLOGY INC COM   2020-09-28 2023-04-20
27. MICRON TECHNOLOGY INC COM   2021-06-28 2023-04-20
3. TARGET CORP COM   2020-11-09 2023-04-20
8. TARGET CORP COM   2020-12-11 2023-04-20
3. TARGET CORP COM   2020-11-09 2023-04-20
8. TARGET CORP COM   2020-12-11 2023-04-20
15. DOLLAR GEN CORP NEW COM   2016-03-23 2023-04-26
9. DANAHER CORPORATION COM   2021-09-28 2023-04-27
57.067 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2017-10-18 2023-05-09
688.39 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2014-08-11 2023-05-09
3572.712 LORD ABBETT INVT TR SHORT DURATION INCOME F   2019-07-17 2023-05-09
1615.067 PIMCO FDS INCOME INSTL   2013-09-26 2023-05-09
92.166 PIMCO FDS INCOME INSTL   2022-08-19 2023-05-09
2382.386 TCW FDS INC EMERGING MARKETS INCOME I   2019-07-17 2023-05-09
318.471 TCW FDS INC EMERGING MARKETS INCOME I   2022-07-29 2023-05-09
59. CAPITAL ONE FINL CORP COM   2020-05-08 2023-05-11
3. CAPITAL ONE FINL CORP COM   2022-03-29 2023-05-11
9. DOLLAR GEN CORP NEW COM   2016-03-23 2023-05-25
16. APPLE INC COM   2011-10-24 2023-05-26
7. MICROSOFT CORP COM   2016-09-02 2023-05-26
33. QUALCOMM INC COM   2021-09-24 2023-06-27
21. UNION PAC CORP COM   2018-03-09 2023-06-27
11. UNION PAC CORP COM   2020-10-21 2023-06-27
16. UNION PAC CORP COM   2021-01-20 2023-06-27
12. DOLLAR GEN CORP NEW COM   2016-03-23 2023-06-28
93.442 AB CAP FD INC SMALL CAP GROWTH ADVISOR   2021-10-07 2023-07-20
1547.063 BAIRD FDS INC AGGREGATE BOND INST   2022-11-17 2023-07-20
16.675 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2015-01-08 2023-07-20
50.201 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2021-08-18 2023-07-20
150.15 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2018-01-30 2023-07-20
347.912 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2021-07-13 2023-07-20
96.095 FEDERATED HERMES INSTL HIGH YIELD BOND IS   2017-10-18 2023-07-20
102.095 FIDELITY INVT TR EMERGING MARKETS Z   2022-06-29 2023-07-20
432.83 GOLDMAN SACHS TR EMERGING MARKETS EQUITY INSIGHTS INTL   2022-06-29 2023-07-20
182.952 MFS SER TR XIII NEW DISCOVERY VALUE R6   2022-02-09 2023-07-20
671.368 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2014-08-11 2023-07-20
555.555 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2021-10-19 2023-07-20
2306.273 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INST   2015-04-15 2023-07-20
136.612 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2020-10-30 2023-07-20
762.866 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2021-07-13 2023-07-20
269.457 PIMCO FDS PAC INVT MGMT SER INVESTMENT GRADE CREDIT BOND INSTL   2023-05-09 2023-07-20
36.198 PIMCO FDS INCOME INSTL   2013-09-26 2023-07-20
61.903 T ROWE PRICE MID-CAP GROWTH I   2019-09-24 2023-07-20
469.287 TCW FDS INC EMERGING MARKETS INCOME I   2020-10-30 2023-07-20
61.2 TCW FDS INC EMERGING MARKETS INCOME I   2021-08-18 2023-07-20
426.829 TCW FDS INC EMERGING MARKETS INCOME I   2021-07-13 2023-07-20
829.478 TCW FDS INC EMERGING MARKETS INCOME I   2019-07-17 2023-07-20
35.947 VICTORY PORTFOLIOS SYCAMORE ESTABLISHED VALUE I   2022-02-09 2023-07-20
41.955 VICTORY PORTFOLIOS SYCAMORE ESTABLISHED VALUE I   2022-07-29 2023-07-20
10. JPMORGAN CHASE & CO COM   2012-09-05 2023-08-07
11. JOHNSON & JOHNSON COM   2020-11-17 2023-08-07
4. BROADCOM INC COM   2020-09-28 2023-08-17
23. DOLLAR GEN CORP NEW COM   2016-03-23 2023-08-18
4. OREILLY AUTOMOTIVE INC COM   2011-05-04 2023-08-18
95. CITIZENS FINL GROUP INC COM   2022-08-10 2023-08-22
49. CITIZENS FINL GROUP INC COM   2022-10-31 2023-08-22
74. CITIZENS FINL GROUP INC COM   2022-12-16 2023-08-22
5. FEDEX CORP COM   2019-05-22 2023-08-22
539.54 TCW FDS INC EMERGING MARKETS INCOME I   2020-10-30 2023-09-05
190.114 TCW FDS INC EMERGING MARKETS INCOME I   2021-10-19 2023-09-05
1072.027 TCW FDS INC EMERGING MARKETS INCOME I   2022-11-17 2023-09-05
1532.125 TCW FDS INC EMERGING MARKETS INCOME I   2023-01-05 2023-09-05
16. TARGET CORP COM   2020-07-29 2023-09-26
15. TARGET CORP COM   2020-11-09 2023-09-26
.6667 VERALTO CORP COM SHS   2021-09-28 2023-10-06
.6667 VERALTO CORP COM SHS   2022-03-22 2023-10-06
13. FEDEX CORP COM   2019-05-22 2023-10-27
2. SALESFORCE INC COM   2020-04-07 2023-10-27
7. SALESFORCE INC COM   2019-09-26 2023-10-27
2. VERALTO CORP COM SHS   2022-03-22 2023-10-27
8. VERALTO CORP COM SHS   2012-07-12 2023-10-27
2. ACCENTURE PLC IRELAND SHS CLASS A   2007-10-25 2023-10-27
36. ALPHABET INC CAP STK CL C   2012-06-29 2023-12-19
6. AMAZON COM INC COM   2022-09-22 2023-12-19
10. APPLE INC COM   2011-10-24 2023-12-19
5. BLACKROCK INC COM   2017-04-12 2023-12-19
23. BLACKSTONE INC COM   2022-08-03 2023-12-19
10. BOEING CO COM   2022-02-25 2023-12-19
3. BROADCOM INC COM   2020-09-28 2023-12-19
1. BROADCOM INC COM   2016-05-10 2023-12-19
4. COSTCO WHSL CORP NEW COM   2018-07-16 2023-12-19
7. META PLATFORMS INC CL A   2022-08-19 2023-12-19
21. GENERAL MTRS CO COM   2023-06-28 2023-12-19
7. HOME DEPOT INC COM   2016-11-17 2023-12-19
4. MICROSOFT CORP COM   2016-09-02 2023-12-19
11. MORGAN STANLEY COM NEW   2023-08-22 2023-12-19
8. NETFLIX INC COM   2018-11-26 2023-12-19
6. SALESFORCE INC COM   2020-04-07 2023-12-19
10. T-MOBILE US INC COM   2023-02-03 2023-12-19
6. ACCENTURE PLC IRELAND SHS CLASS A   2007-10-25 2023-12-19
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(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 500   607 -107
b 16,230   17,794 -1,564
c 1,466   1,500 -34
d 8,804   9,400 -596
e 500   564 -64
10,500   10,699 -199
750   864 -114
1,707   1,554 153
2,225   1,617 608
2,472   2,857 -385
8,000   12,523 -4,523
1,000   978 22
1,935   382 1,553
3,584   2,904 680
799   873 -74
701   750 -49
1,300   1,249 51
750   780 -30
2,560   775 1,785
2,000   2,204 -204
1,297   1,608 -311
1,203   1,500 -297
2,000   1,948 52
863   857 6
1,208   1,432 -224
656   678 -22
1,144   1,183 -39
1,724   2,036 -312
1,854   484 1,370
856   258 598
1,820   679 1,141
1,893   271 1,622
2,000   2,001 -1
1,253   727 526
1,880   1,452 428
926   631 295
1,111   1,036 75
1,000   1,003 -3
1,000   1,073 -73
2,333   1,024 1,309
1,210   1,374 -164
790   800 -10
1,652   119 1,533
2,467   1,050 1,417
5,932   1,213 4,719
5,932   1,213 4,719
299   246 53
1,616   2,233 -617
299   246 53
1,616   2,233 -617
483   475 8
1,287   1,371 -84
483   475 8
1,287   1,371 -84
3,291   1,273 2,018
2,070   2,715 -645
481   578 -97
5,803   7,028 -1,225
13,791   15,041 -1,250
16,877   20,097 -3,220
963   1,000 -37
14,509   20,107 -5,598
1,939   2,000 -61
5,087   3,637 1,450
259   407 -148
1,821   764 1,057
2,805   231 2,574
2,305   403 1,902
3,908   4,424 -516
4,250   2,847 1,403
2,226   2,201 25
3,238   3,487 -249
2,016   1,019 997
5,750   8,585 -2,835
15,007   14,805 202
143   165 -22
429   500 -71
1,284   1,500 -216
2,975   3,500 -525
822   972 -150
3,625   3,382 243
3,532   3,549 -17
3,339   3,754 -415
5,901   7,190 -1,289
4,883   6,000 -1,117
20,272   25,000 -4,728
1,201   1,500 -299
6,706   8,392 -1,686
2,369   2,377 -8
379   450 -71
6,358   5,868 490
2,910   3,721 -811
379   500 -121
2,646   3,500 -854
5,143   7,001 -1,858
1,710   1,791 -81
1,996   2,000 -4
1,573   372 1,201
1,897   1,651 246
3,318   1,454 1,864
3,764   1,952 1,812
3,763   238 3,525
2,562   3,660 -1,098
1,321   2,009 -688
1,996   2,811 -815
1,288   815 473
3,264   4,279 -1,015
1,150   1,500 -350
6,486   6,400 86
9,269   9,300 -31
1,779   1,984 -205
1,668   2,375 -707
51   70 -19
51   68 -17
2,958   2,119 839
392   300 92
1,373   1,072 301
136   205 -69
545   105 440
579   78 501
4,964   718 4,246
922   706 216
1,966   144 1,822
4,045   1,912 2,133
2,949   2,294 655
2,649   2,015 634
3,416   1,091 2,325
1,139   144 995
2,714   858 1,856
2,453   1,180 1,273
752   796 -44
2,463   896 1,567
1,490   230 1,260
1,011   914 97
3,931   2,078 1,853
1,594   900 694
1,557   1,453 104
2,052   232 1,820
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
      3,934
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       -107
b       -1,564
c       -34
d       -596
e       -64
      -199
      -114
      153
      608
      -385
      -4,523
      22
      1,553
      680
      -74
      -49
      51
      -30
      1,785
      -204
      -311
      -297
      52
      6
      -224
      -22
      -39
      -312
      1,370
      598
      1,141
      1,622
      -1
      526
      428
      295
      75
      -3
      -73
      1,309
      -164
      -10
      1,533
      1,417
      4,719
      4,719
      53
      -617
      53
      -617
      8
      -84
      8
      -84
      2,018
      -645
      -97
      -1,225
      -1,250
      -3,220
      -37
      -5,598
      -61
      1,450
      -148
      1,057
      2,574
      1,902
      -516
      1,403
      25
      -249
      997
      -2,835
      202
      -22
      -71
      -216
      -525
      -150
      243
      -17
      -415
      -1,289
      -1,117
      -4,728
      -299
      -1,686
      -8
      -71
      490
      -811
      -121
      -854
      -1,858
      -81
      -4
      1,201
      246
      1,864
      1,812
      3,525
      -1,098
      -688
      -815
      473
      -1,015
      -350
      86
      -31
      -205
      -707
      -19
      -17
      839
      92
      301
      -69
      440
      501
      4,246
      216
      1,822
      2,133
      655
      634
      2,325
      995
      1,856
      1,273
      -44
      1,567
      1,260
      97
      1,853
      694
      104
      1,820
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 29,965
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) 1 735
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........................... 3 735
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- ..... 5 735
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 524
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 524
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 9 211
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 arrow0 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIA
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 arrow  
14
The books are in care ofright arrowMIDWESTONE BANK Telephone no.right arrow (319) 356-5933

Located atright arrowPO BOX 1700IOWA CITYIA ZIP+4right arrow522441700
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
Yes
 
If "Yes," list the years right arrow2015, 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
Yes
 
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
MIDWESTONE BANK TRUSTEE
4 		11,847    
BOX 1700
IOWA CITY,IA52244
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
1,345,961
b
Average of monthly cash balances.......................
1b
22,734
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,368,695
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
1,368,695
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
20,530
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,348,165
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
67,408
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
67,408
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
735
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
735
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
66,673
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
66,673
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
66,673
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
109,123
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
109,123
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 66,673
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 55,479
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 109,123
a Applied to 2022, but not more than line 2a 55,479
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..... 53,644
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 .......... 		13,029
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.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

MAXWELL AULWES

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 7,500

JOSEPHINE BURKETT

C/O UNIVERSTIY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

BRIANNA CANNOY

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

ADRIAN DALE

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 7,500

DESIREE DEHAVEN

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 5,000

KAITLYN GLOSSER

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

SARA JOHNSON

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 5,000

ANDREW KELLEHER

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 5,000

PIERCE KIENITZ

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 5,000

KYRA LESTER

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

JENNA MAIFELD

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

EMMA MILDER

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 5,000

VERONICA RAMIREZ

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 5,000

LUKE RAMSEY

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

EMILY RICHMOND

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

KALLISON ROCHFORD

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

ABBIGAIL SANDER

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 7,500

BRADEN SANKOT

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 7,500

TORI SLOAN

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

CHARLES THRASHER

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

LAUREN TRIGGS

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 5,000

MEGAN UDEN

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 5,000

EMMA VANDELUNE

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

DAINEN VANGORKOM

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 2,500

SOPHIE WHITMORE

C/O UNIVERSITY OF IOWA
IOWA CITY,IA52242 		NONE N/A SCHOLARSHIP 5,000
Total .................................right arrow 3a 105,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 38,283  
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 29,965  
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) ..   69,026  
13Total. Add line 12, columns (b), (d), and (e)..................
13
69,026
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
P FALK TRUST 002738
EIN:
42-6091303
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,545 773   773

TY 2023 InvestmentsCorpBondsSchedule
Name:
P FALK TRUST 002738
EIN:
42-6091303
Name of Bond End of Year Book Value End of Year Fair Market Value
FEDERATED HERMES HIGH YIELD FU 21,635 21,424
PIMCO INVEST.GRADE CREDIT BOND    
PIMCO INCOME FUND INSTITUTIONA 77,954 68,293
VANGUARD FIXED INCOME SECS GNM 25,901 25,465
LORD ABBETT SHORT DURATION INC 38,912 36,692
PIONEER MULTI-ASSET ULTRA SHOR 26,028 25,982
TCW EMERGING MARKET INCOME FUN    
WESTERN ASSET CORE PLUS BOND    
PGIM FLOATING RATE INCOME FUND 70,524 63,508
BAIRD FDS INC AGGREGATE BOND I 76,891 78,939
AMERICAN FDS EMERGING MKTS BD 20,236 21,130
VANGUARD FIXED INCOME SECS FD 66,457 62,887
VANGUARD FIXED INCOME SECS FD 102,969 105,985

TY 2023 InvestmentsCorpStockSchedule
Name:
P FALK TRUST 002738
EIN:
42-6091303
Name of Stock End of Year Book Value End of Year Fair Market Value
AT&T INC COM    
ABBOTT LABS COM 2,938 11,337
ALLSTATE CORP COM 2,289 10,359
ALPHABET INC - CL C 4,071 28,750
AMERICAN TOWER CORP NEW COM 5,277 11,873
APPLE INC COM 1,892 25,414
BALL CORP COM    
BECTON DICKINSON AND CO 6,519 10,729
BOEING CO COM 6,459 17,204
CVS HEALTH CORPORATION COM 8,137 10,502
CHEVRON CORPORATION COM 3,356 7,458
CISCO SYS INC COM 11,228 18,238
DANAHER CORP DEL COM 3,396 7,866
DOLLAR GENERAL CORP NEW    
DOMINION RES INC VA NEW COM 3,348 2,491
DUKE ENERGY CORP NEW COM NEW 6,242 7,860
META PLATFORMS, INC 4,252 10,973
FORTIVE CORP COM    
HOME DEPOT INC COM 5,887 15,941
ILLINOIS TOOLWORKS 1,712 10,216
JPMORGAN CHASE & CO COM 2,645 12,077
JOHNSON & JOHNSON COM 4,150 9,561
MICROSOFT CORP COM 4,257 27,827
MONDELEZ INTL INC CL A 1,105 5,360
O REILLY AUTOMOTIVE INC NEW CO 1,072 17,101
ORACLE SYSTEMS CORPORATION 2,522 15,604
PEPSICO INCORPORATED 2,651 6,454
PIONEER NAT RES CO COM 5,361 6,072
PROCTER & GAMBLE CO COM 2,965 9,232
SYNCHRONY FINANCIAL    
3M CO COM    
UNITEDHEALTH GROUP INC COM 5,085 20,006
VALERO ENERGY CORP NEW COM 3,330 8,320
VERIZON COMMUNICATIONS INC COM    
VISA INC COM CL A 7,347 18,745
BROADCOM LTD 3,608 27,906
BLACKROCK INC COMMON 4,588 9,742
SALESFORCE COM INC COM 5,359 14,736
APPLIED MATLS INC COM 3,041 10,048
COSTCO WHSL CORP NEW COM 6,271 15,842
DUPONT DE NEMOURS INC    
NETFLIX INC COM 2,613 5,356
UNION PAC CORP COM    
WALMART INC COM 6,925 11,193
ACCENTURE PLC IRELAND SHS CLAS 1,589 14,387
NIKE INC CL B    
CIGNA CORP COMMON 2,827 5,390
CORTEVA INC 8,127 7,955
FED EX CORP 4,238 6,577
BOSTON SCIENTIFIC CORP COM 10,422 13,874
CAPITAL ONE FINL CORP COM    
CITIGROUP INC COM NEW    
WALT DISNEY COMMON 11,571 9,119
GOLDMAN SACHS GROUP INC COM 6,338 11,187
MICRON TECHNOLOGY INC 4,544 8,022
TARGET CORP COM    
GENERAL MOTORS CO 9,447 6,070
QUALCOMM INC COM    
WASTE MGMT INC DEL COM 4,541 6,627
AMAZON COM INC COM 11,005 15,194
BLACKSTONE INC COM 7,266 9,557
CITIZENS FINL GROUP INC COM    
HEWLETT PACKARD ENTERPRISE CO 6,476 7,403
METLIFE INC COM 5,914 6,084
NEXTERA ENERGY INC COM 3,068 2,187
SERVICENOW INC COM 7,201 11,304
ANALOG DEVICES INC COM 2,724 3,376
AIR PRODS & CHEMS INC COM 2,895 2,738
CHIPOTLE MEXICAN GRILL INC COM 7,370 9,148
DEERE & CO COM 10,940 10,796
EMERSON ELEC CO COM 2,204 2,433
CORNING INC COM 3,935 3,441
MARATHON OIL CORP COM 2,978 2,706
MORGAN STANLEY COM NEW 4,987 5,595
SCHWAB CHARLES CORP COM 5,327 7,774
T-MOBILE US INC COM 4,939 5,451
LYONDELLBASELL INDUSTRIES N V 2,917 2,947

TY 2023 InvestmentsOtherSchedule2
Name:
P FALK TRUST 002738
EIN:
42-6091303
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
JANUS INVT FD TRITON FD I SHS      
INVESCO OPPENHEIMER DEVELOPING      
COHEN & STEERS GLOBAL REALTY S AT COST 14,131 13,119
MFS NEW DISCOVERY VALUE FUND C AT COST 22,106 24,827
MFS INSTL INTL EQUITY FUND MFS AT COST 59,839 70,049
T ROWE PRICE MID-CAP GROWTH FU AT COST 27,447 29,099
VICTORY SYCAMORE ESTABLISHED V AT COST 26,516 29,520
AB SMALL CAP GROWTH FUND ADVIS AT COST 33,666 25,041
FIDELITY INVT TR EMERGING MARK AT COST 17,036 18,348
GOLDMAN SACHS TR EMERGING MARK AT COST 18,168 18,199

TY 2023 LegalFeesSchedule
Name:
P FALK TRUST 002738
EIN:
42-6091303
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA 388 194   194
LEGAL FEES - INCOME (ALLOCABLE 388 194   194


TY 2023 OtherDecreasesSchedule
Name:
P FALK TRUST 002738
EIN:
42-6091303
Description Amount
COST BASIS ADJUSTMENT 3,766


TY 2023 OtherExpensesSchedule
Name:
P FALK TRUST 002738
EIN:
42-6091303
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE - 10 10   0
OTHER NON-ALLOCABLE EXPENSE - 760 760   0
INVESTMNT MNGMNT FEES (NON-DED 3,949 3,949   0


TY 2023 OtherIncomeSchedule2
Name:
P FALK TRUST 002738
EIN:
42-6091303
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER REVENUE 778 0  


TY 2023 TaxesSchedule
Name:
P FALK TRUST 002738
EIN:
42-6091303
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 59 59   0
FEDERAL TAX PAYMENT - PRIOR YE 11 0   0
FOREIGN TAXES ON QUALIFIED FOR 226 226   0
FOREIGN TAXES ON NONQUALIFIED 76 76   0