TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2023

Open to Public Inspection

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

Name of foundation
THE LENOX D AND FRANCES W BAKER FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET STE 400
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231

A Employer identification number

54-1788401

B Telephone number (see instructions)

(410) 537-5450

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$2,410,336J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	25,689		25,600
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		158,699
b	Gross sales price for all assets on line 6a 488,839
7	Capital gain net income (from Part IV, line 2)...			158,699
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	184,388		184,299
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,122	0	0	1,122
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	11,456	11,456		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	826	826		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).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	13,404		12,282	0	1,122
25	Contributions, gifts, grants paid.......	161,000				161,000
26	Total expenses and disbursements. Add lines 24 and 25	174,404		12,282	0	162,122
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	9,984
b	Net investment income (if negative, enter -0-)			172,017
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	67,278	50,160	50,160
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	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).......	1,499,007	List of Attached Documents: // Content 1,524,026	2,360,176
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,566,285	1,574,186	2,410,336
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,566,285	1,574,186
	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).....	1,566,285	1,574,186
	30	Total liabilities and net assets/fund balances (see instructions).	1,566,285	1,574,186

Part III

Analysis of Changes in Net Assets or Fund Balances

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

1,566,285

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

9,984

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

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

1,576,269

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

2,083

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

1,574,186

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	2. AMERIPRISE FINL INC		2016-01-29	2023-01-06
b	10. CHARLES SCHWAB CORP.		2022-08-24	2023-01-06
c	5. AMERIPRISE FINL INC		2016-01-29	2023-01-10
d	3. NETFLIX COM INC		2022-08-12	2023-01-18
e	3. BROWN FORMAN CORP CLASS B		2019-01-25	2023-01-20
	2. BROWN FORMAN CORP CLASS B		2019-01-17	2023-01-20
	2. L3HARRIS TECHNOLOGIES INC		2020-08-14	2023-01-20
	3. NXP SEMICONDUCTORS N V COM		2018-09-19	2023-01-20
	2. BROWN FORMAN CORP CLASS B		2019-01-17	2023-01-23
	2. L3HARRIS TECHNOLOGIES INC		2020-08-17	2023-01-23
	3. BROWN FORMAN CORP CLASS B		2019-01-17	2023-01-24
	1. BROWN FORMAN CORP CLASS B		2019-01-17	2023-01-26
	3. DEXCOM INC		2017-09-28	2023-01-26
	1. L3HARRIS TECHNOLOGIES INC		2020-08-17	2023-01-27
	1. BROWN FORMAN CORP CLASS B		2019-01-17	2023-01-30
	1. DEXCOM INC		2017-09-28	2023-01-30
	3. BROWN FORMAN CORP CLASS B		2019-01-17	2023-01-31
	3. DEXCOM INC		2017-09-28	2023-01-31
	3. BROWN FORMAN CORP CLASS B		2019-01-17	2023-02-01
	1. L3HARRIS TECHNOLOGIES INC		2020-08-17	2023-02-01
	2. ALIGN TECHNOLOGY INC		2022-12-23	2023-02-02
	3. BROWN FORMAN CORP CLASS B		2019-01-17	2023-02-02
	1. L3HARRIS TECHNOLOGIES INC		2020-08-17	2023-02-02
	3. BROWN FORMAN CORP CLASS B		2019-01-16	2023-02-06
	4. EDWARDS LIFESCIENCES CORP		2022-08-05	2023-02-06
	1. NXP SEMICONDUCTORS N V COM		2018-09-19	2023-02-06
	3. BROWN FORMAN CORP CLASS B		2019-01-16	2023-02-07
	4. EDWARDS LIFESCIENCES CORP		2022-10-28	2023-02-07
	2. BROWN FORMAN CORP CLASS B		2019-01-16	2023-02-08
	2. BROWN FORMAN CORP CLASS B		2019-01-16	2023-02-09
	4. BROWN FORMAN CORP CLASS B		2019-01-16	2023-02-10
	1. BROWN FORMAN CORP CLASS B		2019-01-16	2023-02-13
	4. BROWN FORMAN CORP CLASS B		2019-01-16	2023-02-14
	7879.838 ULTIMUS MANAGE WESTWOOD SA MLP EN		2022-03-29	2023-02-14
	3. BROWN FORMAN CORP CLASS B		2019-01-16	2023-02-15
	7. BROWN FORMAN CORP CLASS B		2019-01-03	2023-02-16
	1. BROWN FORMAN CORP CLASS B		2019-01-03	2023-02-17
	1. BROWN FORMAN CORP CLASS B		2019-01-03	2023-02-21
	5. AMERIPRISE FINL INC		2016-02-01	2023-03-02
	1. BOOKING HOLDINGS INC		2015-09-24	2023-03-02
	3. NVIDIA CORP COM		2022-03-22	2023-03-09
	2. NVIDIA CORP COM		2022-02-15	2023-03-09
	1. SERVICENOW INC		2021-07-09	2023-03-09
	2. L3HARRIS TECHNOLOGIES INC		2020-05-11	2023-03-23
	2. ROPER INDUSTRIES INC NEW		2022-08-10	2023-03-23
	4. ZOETIS INC		2022-06-27	2023-03-23
	4. L3HARRIS TECHNOLOGIES INC		2020-05-11	2023-03-24
	2. MICROSOFT CORP.		2018-12-19	2023-03-24
	1. ROPER INDUSTRIES INC NEW		2022-08-09	2023-03-24
	1. ROPER INDUSTRIES INC NEW		2022-08-05	2023-03-24
	3. L3HARRIS TECHNOLOGIES INC		2020-03-13	2023-03-27
	1. L3HARRIS TECHNOLOGIES INC		2020-03-12	2023-03-27
	1. ROPER INDUSTRIES INC NEW		2022-09-14	2023-03-27
	1. L3HARRIS TECHNOLOGIES INC		2020-03-12	2023-03-28
	1. ROPER INDUSTRIES INC NEW		2016-09-20	2023-03-28
	3. L3HARRIS TECHNOLOGIES INC		2020-03-16	2023-03-29
	1. ROPER INDUSTRIES INC NEW		2016-09-20	2023-03-29
	1. ROPER INDUSTRIES INC NEW		2016-09-20	2023-03-29
	2. ADOBE SYS INCORP		2022-12-06	2023-03-30
	17. ADOBE SYS INCORP		2016-05-06	2023-03-30
	11. ALIGN TECHNOLOGY INC		2022-10-28	2023-03-30
	8. ALIGN TECHNOLOGY INC		2022-03-22	2023-03-30
	100. ALPHABET INC CL C		2008-12-03	2023-03-30
	12. AMAZON.COM INC		2023-02-07	2023-03-30
	60. AMAZON.COM INC		2015-01-16	2023-03-30
	31. ATLASSIAN CORPORATION CL A		2023-03-09	2023-03-30
	4. AUTODESK INC		2023-03-09	2023-03-30
	38. AUTODESK INC		2018-07-05	2023-03-30
	32. CHEWY INC CLASS A		2023-03-24	2023-03-30
	114. CHEWY INC CLASS A		2022-03-01	2023-03-30
	21. CINTAS CORP.		2018-03-05	2023-03-30
	3. COSTCO WHOLESALE CORPORATION		2023-01-26	2023-03-30
	15. COSTCO WHOLESALE CORPORATION		2009-07-02	2023-03-30
	54. COSTAR GROUP		2023-03-30	2023-03-30
	46. DEXCOM INC		2017-09-28	2023-03-30
	6. EDWARDS LIFESCIENCES CORP		2022-10-28	2023-03-30
	87. EDWARDS LIFESCIENCES CORP		2017-02-06	2023-03-30
	43. GENERAC HOLDINGS INC		2023-03-24	2023-03-30
	34. IDEX CORP		2022-01-28	2023-03-30
	23. INTUIT INC.		2017-04-26	2023-03-30
	2. INTUITIVE SURGICAL INC		2022-05-24	2023-03-30
	41. INTUITIVE SURGICAL INC		2007-01-16	2023-03-30
	6. ESTEE LAUDER COMPANIES CL A		2022-09-13	2023-03-30
	31. ESTEE LAUDER COMPANIES CL A		2012-05-08	2023-03-30
	1. LULULEMON ATHLETICA INC COM USD0.005		2022-08-05	2023-03-30
	19. LULULEMON ATHLETICA INC COM USD0.005		2022-01-21	2023-03-30
	28. MASTERCARD INC		2020-02-26	2023-03-30
	33. MATCH GROUP INC NEW		2023-03-09	2023-03-30
	82. MATCH GROUP INC NEW		2022-03-22	2023-03-30
	38. MICROSOFT CORP.		2018-12-24	2023-03-30
	4. NVIDIA CORP COM		2023-01-20	2023-03-30
	30. NVIDIA CORP COM		2022-02-17	2023-03-30
	25. PROGRESSIVE CORP		2023-03-30	2023-03-30
	12. ROPER INDUSTRIES INC NEW		2016-09-20	2023-03-30
	9. S P GLOBAL INC COM		2023-03-09	2023-03-30
	11. S P GLOBAL INC COM		2022-03-22	2023-03-30
	22. SBA COMMUNICATIONS CORP NEW CL A		2016-02-18	2023-03-30
	6. SERVICENOW INC		2022-12-06	2023-03-30
	19. SERVICENOW INC		2021-07-09	2023-03-30
	28. SHOPIFY INC A		2023-03-09	2023-03-30
	80. SHOPIFY INC A		2020-09-18	2023-03-30
	18. THERMO ELECTRON CORP		2017-02-06	2023-03-30
	4. VEEVA SYSTEMS INC CLASS A		2023-02-07	2023-03-30
	33. VEEVA SYSTEMS INC CLASS A		2021-09-22	2023-03-30
	1. ZOETIS INC		2022-06-28	2023-03-30
	47. ZOETIS INC		2017-04-17	2023-03-30
	2. NXP SEMICONDUCTORS N V COM		2023-03-09	2023-03-30
	33. NXP SEMICONDUCTORS N V COM		2018-10-17	2023-03-30
	1. FIRST CTZNS BANCSHARES INC CL A		2022-01-10	2023-04-25
	1. FIRST CTZNS BANCSHARES INC CL A		2021-04-12	2023-04-25
	.262 FIRST CTZNS BANCSHARES INC CL A		2023-01-10	2023-04-28
	.738 FIRST CTZNS BANCSHARES INC CL A		2021-04-09	2023-04-28
	.738 FIRST CTZNS BANCSHARES INC CL A		2023-01-10	2023-05-01
	.262 FIRST CTZNS BANCSHARES INC CL A		2021-02-23	2023-05-01
	4. NETFLIX COM INC		2022-08-17	2023-05-18
	5. NETFLIX COM INC		2022-08-17	2023-06-02
	3. META PLATFORMS INC		2023-01-23	2023-06-23
	10. CHARLES SCHWAB CORP.		2022-08-23	2023-06-23
	12. CHARLES SCHWAB CORP.		2022-05-27	2023-06-23
	117. CHARLES SCHWAB CORP.		2022-06-28	2023-07-14
	37. BAKER HUGHES COMPANY		2022-06-28	2023-07-18
	. PROCEEDS FROM SECURITIES LITIGATION			2023-08-04
	19. CARMAX INC		2016-06-22	2023-09-22
	10. OTIS WORLDWIDE CORP		2020-10-29	2023-09-26
	11. OTIS WORLDWIDE CORP		2020-10-28	2023-09-26
	36. OTIS WORLDWIDE CORP		2020-10-28	2023-09-27
	3. OTIS WORLDWIDE CORP		2015-09-24	2023-09-27
	22. OTIS WORLDWIDE CORP		2015-09-24	2023-09-28
	16. CARRIER GLOBAL CORPORATION COM		2021-02-09	2023-10-12
	11. CARRIER GLOBAL CORPORATION COM		2020-04-21	2023-10-12
	2. META PLATFORMS INC		2023-01-23	2023-10-24
	2. BOOKING HOLDINGS INC		2015-09-24	2023-10-26
	12. MERCK CO INC		2021-02-19	2023-10-30
	3. ADOBE SYS INCORP		2022-10-20	2023-11-01
	11. AGILENT TECHNOLOGIES INC		2023-06-23	2023-11-01
	4. ALIGN TECHNOLOGY INC		2022-12-28	2023-11-01
	30. ALPHABET INC CL C		2015-09-24	2023-11-01
	27. ALPHABET INC CL A		2015-09-24	2023-11-01
	22. AMAZON.COM INC		2022-03-30	2023-11-01
	5. AMERIPRISE FINL INC		2016-02-01	2023-11-01
	7. ANALOG DEVICES INC		2020-03-12	2023-11-01
	4. ELEVANCE HEALTH INC		2015-09-24	2023-11-01
	20. APPLE COMPUTER INC.		2015-12-17	2023-11-01
	211.726 ARTISAN INTL VALUE FUND INS		2018-06-11	2023-11-01
	61. AVANTOR INC		2022-02-10	2023-11-01
	35. BAKER HUGHES COMPANY		2022-06-28	2023-11-01
	57. BANK OF AMERICA CORPORATION		2016-12-20	2023-11-01
	11. BERKSHIRE HATHAWAY INC CL B		2015-09-24	2023-11-01
	8. BLACKSTONE INC		2020-03-12	2023-11-01
	10. BRIGHT HORIZONS FAMILY SOLUT		2021-05-06	2023-11-01
	1218.522 BA BEUTEL GOODMAN LARGE CAP VALUE FD INST		2021-12-27	2023-11-01
	80.79 BA-WMC STRATEGIC EUROPEAN EQUITY FUND CL INST		2023-02-14	2023-11-01
	9. CANADIAN NATL RAILWAY CO		2023-05-05	2023-11-01
	17. CARMAX INC		2016-06-22	2023-11-01
	30. CARRIER GLOBAL CORPORATION COM		2020-04-21	2023-11-01
	15. EDWARDS LIFESCIENCES CORP		2023-09-22	2023-11-01
	13. EDWARDS LIFESCIENCES CORP		2015-09-24	2023-11-01
	1. META PLATFORMS INC		2023-01-23	2023-11-01
	10. META PLATFORMS INC		2022-10-25	2023-11-01
	2. FIRST CTZNS BANCSHARES INC CL A		2021-02-23	2023-11-01
	11. FISERV INC		2023-03-02	2023-11-01
	9. GE AEROSPACE		2023-09-28	2023-11-01
	4. INTUIT INC.		2023-03-02	2023-11-01
	15. KKR &CO INC COM		2022-11-07	2023-11-01
	27. KKR &CO INC COM		2022-02-24	2023-11-01
	5. LOWES COS INC		2015-09-24	2023-11-01
	11. MASTERCARD INC		2015-09-24	2023-11-01
	9. MERCK CO INC		2015-09-24	2023-11-01
	19. MICROSOFT CORP.		2015-09-24	2023-11-01
	2. NETFLIX COM INC		2022-07-27	2023-11-01
	23. PINTEREST INC CL A		2021-07-30	2023-11-01
	9. PROGRESSIVE CORP		2023-07-14	2023-11-01
	4. SBA COMMUNICATIONS CORP NEW CL A		2023-05-18	2023-11-01
	56. SUNCOR ENERGY INC		2022-08-25	2023-11-01
	16. TJX COS INC		2021-10-28	2023-11-01
	8. T MOBILE US INC		2022-08-12	2023-11-01
	22. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR		2022-07-19	2023-11-01
	18. UBER TECHNOLOGIES INC		2023-06-05	2023-11-01
	4. UNITED RENTALS INC		2016-01-29	2023-11-01
	7. UNITEDHEALTH GROUP INC		2017-11-21	2023-11-01
	18. VISA INC COM CL A		2015-09-24	2023-11-01
	4. ACCENTURE PLC IRELAND SHS CLASS A		2015-09-24	2023-11-01
	1. FERGUSON PLC NEW SHS		2023-10-12	2023-11-01
	7. FERGUSON PLC NEW SHS		2023-10-12	2023-11-01
	22. NOMAD FOODS LTD		2023-01-26	2023-11-01
	50. NOMAD FOODS LTD		2022-01-14	2023-11-01
	32. CARRIER GLOBAL CORPORATION COM		2020-04-21	2023-11-15
	32. CARRIER GLOBAL CORPORATION COM		2020-04-21	2023-11-16
	2. ADOBE SYS INCORP		2022-10-20	2023-12-13
	8. AMERIPRISE FINL INC		2016-02-19	2023-12-13
	4. UNITED RENTALS INC		2016-01-29	2023-12-13
	. PROCEEDS FROM SECURITIES LITIGATION			2023-12-28
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	632	180	452
b	841	733	108
c	1,597	449	1,148
d	969	746	223
e	197	137	60
	131	91	40
	383	367	16
	498	276	222
	133	91	42
	388	365	23
	201	136	65
	67	45	22
	320	33	287
	211	183	28
	66	45	21
	106	11	95
	199	136	63
	321	33	288
	202	136	66
	217	183	34
	711	406	305
	201	136	65
	212	183	29
	200	136	64
	316	422	-106
	187	92	95
	197	136	61
	318	355	-37
	130	91	39
	129	91	38
	259	182	77
	65	45	20
	261	182	79
	60,596	58,863	1,733
	195	136	59
	459	315	144
	66	45	21
	65	45	20
	1,701	446	1,255
	2,574	1,264	1,310
	724	796	-72
	483	527	-44
	441	563	-122
	382	361	21
	854	871	-17
	641	695	-54
	768	712	56
	559	207	352
	429	429
	427	429	-2
	582	508	74
	193	168	25
	431	396	35
	193	168	25
	432	177	255
	581	473	108
	435	177	258
	434	177	257
	762	661	101
	6,478	1,586	4,892
	3,430	2,807	623
	2,494	4,043	-1,549
	10,113	690	9,423
	1,222	1,175	47
	6,110	868	5,242
	4,968	5,548	-580
	805	832	-27
	7,643	4,902	2,741
	1,184	1,168	16
	4,219	8,852	-4,633
	9,836	3,480	6,356
	1,476	1,462	14
	7,380	673	6,707
	3,683	3,644	39
	5,272	505	4,767
	490	433	57
	7,100	2,582	4,518
	4,820	4,902	-82
	7,710	6,959	751
	10,111	2,667	7,444
	502	434	68
	10,290	424	9,866
	1,481	1,552	-71
	7,651	1,859	5,792
	360	316	44
	6,837	4,191	2,646
	10,070	8,544	1,526
	1,237	1,566	-329
	3,073	8,986	-5,913
	10,761	3,933	6,828
	1,094	691	403
	8,203	7,203	1,000
	3,586	3,516	70
	5,250	2,101	3,149
	3,073	3,241	-168
	3,756	4,356	-600
	5,666	1,915	3,751
	2,643	2,563	80
	8,370	10,170	-1,800
	1,302	1,141	161
	3,721	7,048	-3,327
	10,139	2,719	7,420
	715	700	15
	5,898	9,416	-3,518
	164	173	-9
	7,723	2,483	5,240
	364	369	-5
	5,999	2,844	3,155
	997	889	108
	989	851	138
	263	210	53
	740	625	115
	754	592	162
	268	205	63
	1,487	973	514
	2,002	1,195	807
	861	429	432
	530	730	-200
	636	845	-209
	6,868	7,839	-971
	1,293	1,251	42
	612		612
	1,459	894	565
	802	599	203
	873	652	221
	2,861	2,010	851
	239	133	106
	1,768	973	795
	874	260	614
	600	163	437
	625	286	339
	5,507	2,528	2,979
	1,233	831	402
	1,625	913	712
	1,117	1,312	-195
	723	812	-89
	3,798	926	2,872
	3,387	873	2,514
	2,978	3,667	-689
	1,592	443	1,149
	1,097	634	463
	1,786	585	1,201
	3,430	554	2,876
	9,100	7,983	1,117
	1,046	2,312	-1,266
	1,230	1,004	226
	1,512	1,054	458
	3,785	1,410	2,375
	750	284	466
	739	1,422	-683
	15,000	15,499	-499
	900	942	-42
	962	1,097	-135
	1,031	795	236
	1,465	445	1,020
	944	1,045	-101
	818	303	515
	308	143	165
	3,076	1,353	1,723
	2,731	1,517	1,214
	1,262	1,290	-28
	963	1,010	-47
	1,954	1,565	389
	853	785	68
	1,535	1,569	-34
	959	339	620
	4,159	996	3,163
	935	433	502
	6,564	829	5,735
	838	444	394
	673	1,352	-679
	1,436	1,053	383
	837	925	-88
	1,843	1,869	-26
	1,412	1,042	370
	1,148	1,137	11
	1,914	2,331	-417
	787	727	60
	1,615	187	1,428
	3,732	1,486	2,246
	4,286	1,255	3,031
	1,206	388	818
	151	168	-17
	1,055	1,178	-123
	305	382	-77
	692	1,325	-633
	1,676	475	1,201
	1,678	475	1,203
	1,249	609	640
	2,965	677	2,288
	2,119	187	1,932
	235		235
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846
			14,846

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			452
b			108
c			1,148
d			223
e			60
			40
			16
			222
			42
			23
			65
			22
			287
			28
			21
			95
			63
			288
			66
			34
			305
			65
			29
			64
			-106
			95
			61
			-37
			39
			38
			77
			20
			79
			1,733
			59
			144
			21
			20
			1,255
			1,310
			-72
			-44
			-122
			21
			-17
			-54
			56
			352

			-2
			74
			25
			35
			25
			255
			108
			258
			257
			101
			4,892
			623
			-1,549
			9,423
			47
			5,242
			-580
			-27
			2,741
			16
			-4,633
			6,356
			14
			6,707
			39
			4,767
			57
			4,518
			-82
			751
			7,444
			68
			9,866
			-71
			5,792
			44
			2,646
			1,526
			-329
			-5,913
			6,828
			403
			1,000
			70
			3,149
			-168
			-600
			3,751
			80
			-1,800
			161
			-3,327
			7,420
			15
			-3,518
			-9
			5,240
			-5
			3,155
			108
			138
			53
			115
			162
			63
			514
			807
			432
			-200
			-209
			-971
			42
			612
			565
			203
			221
			851
			106
			795
			614
			437
			339
			2,979
			402
			712
			-195
			-89
			2,872
			2,514
			-689
			1,149
			463
			1,201
			2,876
			1,117
			-1,266
			226
			458
			2,375
			466
			-683
			-499
			-42
			-135
			236
			1,020
			-101
			515
			165
			1,723
			1,214
			-28
			-47
			389
			68
			-34
			620
			3,163
			502
			5,735
			394
			-679
			383
			-88
			-26
			370
			11
			-417
			60
			1,428
			2,246
			3,031
			818
			-17
			-123
			-77
			-633
			1,201
			1,203
			640
			2,288
			1,932
			235

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	158,699
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	2,391
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	2,391
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,391
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	3,012
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	3,012
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	621
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax621	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website address right arrow

The books are in care of right arrow

BROWN ADVISORY Telephone no. right arrow

(410) 537-5450

Located at right arrow

901 S BOND STREET SUITE 400BALTIMOREMD ZIP+4 right arrow

21231

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

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

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

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

16 No

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

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years right arrow

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2023)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
FRANCES W BAKER	OFFICER 1	0
36RD 5 RU MEETEETSE,WY82433	OFFICER 1	0
LENOX D BAKER JR	OFFICER 1	0
36RD 5 RU MEETEETSE,WY82433	OFFICER 1	0
SARA F BAKER	OFFICER 1	0
36RD 5 RU MEETEETSE,WY82433	OFFICER 1	0
MARGARET W BAKER	OFFICER 1	0
36RD 5 RU MEETEETSE,WY82433	OFFICER 1	0

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


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









Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2023)

Page 8

Part IX

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

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

purposes:

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

2,245,818

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

73,725

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

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

2,319,543

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

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

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

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

2,319,543

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

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

34,793

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

2,284,750

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

114,238

Part X

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

and do not complete this part.)

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

114,238

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

2,391

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

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

2,391

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

111,847

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

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

111,847

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

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

111,847

Part XI

Qualifying Distributions (see instructions)

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

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

162,122

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

162,122

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					111,847
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	100,245
b From 2019......	88,467
c From 2020......	75,658
d From 2021......	42,035
e From 2022......	47,242
f Total of lines 3a through e ........		353,647
4Qualifying distributions for 2023 from Part
XI, line 4: $ 162,122
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					111,847
e Remaining amount distributed out of corpus		50,275
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		403,922
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		100,245
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		303,677
10 Analysis of line 9:
a Excess from 2019....	88,467
b Excess from 2020....	75,658
c Excess from 2021....	42,035
d Excess from 2022....	47,242
e Excess from 2023....	50,275

Form 990-PF (2023)

Page 10

Part XIII

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

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

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

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

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

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

Check here right arrow

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

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

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

cAny submission deadlines:

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

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
IRONSIDE BIRD RESCUE 49 ROAD 2DAW CODY,WY82414	NONE	PC	PROGRAM SUPPORT	2,000
CARLETON COLLEGE 300 NORTH COLLEGE STREET NORTHFIELD,MN55057	NONE	PC	PROGRAM SUPPORT	10,000
EPISCOPAL HIGH SCHOOL 1200 NORTH QUAKER LANE ALEXANDRIA,VA22302	NONE	PC	EHS PROMISE CAMPAIGN	1,000
DAVIDSON COLLEGE 405 N MAIN ST DAVIDSON,NC28035	NONE	PC	PROGRAM SUPPORT	1,000
PARK COUNTY ANIMAL SHELTER 3 ARROW AVE CODY,WY82414	NONE	PC	PROGRAM SUPPORT	20,000
WESTERN LANDOWNERS ALLIANCE PO BOX 27798 Denver,CO80227	NONE	PC	PROGRAM SUPPORT	25,000
NATURE CONSERVANCY WYOMING CHAPTER 258 MAIN STREET LANDER,WY82520	NONE	PC	PRESERVATION OF HEAD WATERS	50,000
ROWLAND HALL 720 SOUTH GUARDSMAN WAY SALT LAKE CITY,UT84108	NONE	PC	EXTRAORDINARY VISION	20,000
MEETEETSE MUSEUM FOUNDATION PO BOX 183 MEETEETSE,WY82433	NONE	PC	PROGRAM SUPPORT	32,000
Total ................................. 3a				161,000

bApproved for future payment

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

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	25,689
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	158,699
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) ..				184,388

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

184,388

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2023)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCK	216,424	531,028
EQUITY MUTUAL FUNDS	1,273,051	1,770,187
FOREIGN STOCKS	34,551	58,961

Category	Amount	Net Investment Income
FOREIGN TAXES	253	253
FOREIGN TAXES ON QUALIFIED FOR	461	461
FOREIGN TAXES ON NONQUALIFIED	112	112