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
THE LOWNDES FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)100 FEDERAL ST 37TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

57-1027898
B Telephone number (see instructions)

(864) 583-3635
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$19,112,497J 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... 304,130 278,200  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 756,377
b Gross sales price for all assets on line 6a 2,888,869
7 Capital gain net income (from Part IV, line 2)... 756,377
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
2,554    
12 Total. Add lines 1 through 11........ 1,063,061 1,034,577  
Operating and Administrative Expenses 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)....... Click to see attachment
List of Attached Documents:
// Content
1,210 908 0 303
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
59,364 44,523   14,841
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,836 2,836   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
109,529 54   18
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 172,939 48,321 0 15,162
25 Contributions, gifts, grants paid....... 935,000 935,000
26 Total expenses and disbursements. Add lines 24 and 25 1,107,939 48,321 0 950,162
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -44,878
b Net investment income (if negative, enter -0-) 986,256
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.............   13,938 13,938
2 Savings and temporary cash investments......... 875,762 1,208,465 1,208,465
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)....... 10,238,948 Click to see attachment
List of Attached Documents:
// Content
5,366,464 		11,399,959
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 859,457   0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)   Click to see attachment
List of Attached Documents:
// Content
6,191,511 		Click to see attachment
List of Attached Documents:
// Content
6,490,135
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,974,167 12,780,378 19,112,497
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........ 11,974,167 12,780,378
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)..... 11,974,167 12,780,378
30 Total liabilities and net assets/fund balances (see instructions). 11,974,167 12,780,378
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
11,974,167
2
Enter amount from Part I, line 27a .....................
2
-44,878
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
852,188
4
Add lines 1, 2, and 3 ..........................
4
12,781,477
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,099
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,780,378
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 37. AMERICAN WATER WORKS CO INC   2020-06-26 2023-02-03
b 119. AMERICAN WATER WORKS CO INC     2023-02-03
c 50. AMERICAN WATER WORKS CO INC   2020-06-26 2023-02-03
d 129. CHURCH & DWIGHT CO INC   2009-08-24 2023-02-10
e 42. CHURCH & DWIGHT CO INC   2009-08-24 2023-02-10
18. CHURCH & DWIGHT CO INC   2009-08-24 2023-02-10
55. CHURCH & DWIGHT CO INC   2009-08-24 2023-02-10
189. GLOBAL PAYMENTS INC   2015-05-26 2023-02-10
62. EPAM SYSTEMS INC   2013-09-06 2023-02-16
178. SCHWAB (CHARLES) CORP     2023-03-02
19. SCHWAB (CHARLES) CORP   2019-05-07 2023-03-02
332. SCHWAB (CHARLES) CORP     2023-03-02
112. STRYKER CORP     2023-03-02
205. T-MOBILE US INC   2021-11-04 2023-03-02
310. MICROCHIP TECHNOLOGY INC     2023-03-06
80. SVB FINANCIAL GROUP     2023-03-09
76. SVB FINANCIAL GROUP   2022-08-09 2023-03-09
76. SVB FINANCIAL GROUP   2022-02-25 2023-03-09
228. BLACKSTONE INC     2023-03-13
85. BLACKSTONE INC   2019-07-23 2023-03-13
521. IAA INC COM     2023-03-13
169. PNC FINANCIAL SERVICES GROUP     2023-03-13
13. SCHWAB (CHARLES) CORP   2019-05-07 2023-03-13
726. SCHWAB (CHARLES) CORP     2023-03-13
71. SCHWAB (CHARLES) CORP     2023-03-13
382. SCHWAB (CHARLES) CORP   2019-06-27 2023-03-16
131. SCHWAB (CHARLES) CORP     2023-03-16
83. SCHWAB (CHARLES) CORP     2023-03-16
72. SCHWAB (CHARLES) CORP   2020-07-08 2023-03-16
431. SCHWAB (CHARLES) CORP   2020-07-08 2023-03-16
18. SCHWAB (CHARLES) CORP   2020-07-08 2023-03-16
8. AUTOZONE INC   2008-02-04 2023-03-24
177. PALO ALTO NETWORKS INC     2023-04-12
92. STRYKER CORP   2009-03-10 2023-04-21
32. STRYKER CORP   2009-03-10 2023-04-21
346. MONDELEZ INTERNATIONAL INC-A     2023-04-28
46. MONDELEZ INTERNATIONAL INC-A   2020-06-25 2023-04-28
25. MONDELEZ INTERNATIONAL INC-A   2020-06-25 2023-04-28
111. EPAM SYSTEMS INC   2013-09-06 2023-05-08
202. SYNOPSYS INC     2023-05-25
15. CHIPOTLE MEXICAN GRILL INC     2023-05-30
37. CDW CORP/DE   2021-03-26 2023-06-05
17. CDW CORP/DE   2021-03-26 2023-06-05
50. ZOETIS INC     2023-06-07
127. ZOETIS INC   2018-12-18 2023-06-08
147. DIAMONDBACK ENERGY INC COM     2023-06-14
27. DIAMONDBACK ENERGY INC COM   2022-01-19 2023-06-14
33. SBA COMMUNICATIONS CORP   2022-09-23 2023-06-14
25. SBA COMMUNICATIONS CORP     2023-06-14
210. CDW CORP/DE     2023-06-15
26. CDW CORP/DE   2019-08-02 2023-06-15
90. KEYSIGHT TECHNOLOGIES IN   2019-08-02 2023-06-15
17. KEYSIGHT TECHNOLOGIES IN   2019-08-02 2023-06-15
26. ROPER TECHNOLOGIES INC     2023-06-15
124. ABBOTT LABORATORIES COM   2020-11-09 2023-06-16
42. ACADEMY SPORTS & OUTDOORS IN   2023-03-24 2023-06-16
27. ADOBE SYSTEMS INC     2023-06-16
71. AGILENT TECHNOLOGIES INC   2022-12-08 2023-06-16
31. ALIGN TECHNOLOGY INC   2022-05-03 2023-06-16
34. ALNYLAM PHARMACEUTICALS INC   2021-01-22 2023-06-16
250. ALPHABET INC-CL C   2014-10-21 2023-06-16
212. ALPHABET INC-CL A   2021-04-28 2023-06-16
362. AMAZON.COM INC     2023-06-16
41. AMERICAN TOWER CORPORATION   2022-06-22 2023-06-16
48. CENCORA INC   2022-12-08 2023-06-16
37. AMERIPRISE FINANCIAL INC   2011-01-18 2023-06-16
48. AMETEK INC   2021-03-26 2023-06-16
119. AMPHENOL CORP-CL A     2023-06-16
71. ANALOG DEVICES INC     2023-06-16
25. ANSYS INC   2008-11-04 2023-06-16
187. APPLE INC COM   2009-09-02 2023-06-16
72. ARES MANAGEMENT CORP - A   2022-10-20 2023-06-16
41. ASHLAND INC   2022-09-23 2023-06-16
235. ASTRAZENECA PLC-SPONS ADR     2023-06-16
28. AUTOMATIC DATA PROCESSING   2008-10-28 2023-06-16
6. AUTOZONE INC   2008-02-04 2023-06-16
23. AVALONBAY COMMUNITIES INC   2023-01-20 2023-06-16
332. AVANTOR INC   2022-08-04 2023-06-16
76. BERRY GLOBAL GROUP INC   2013-04-19 2023-06-16
26. BILL HOLDINGS INC   2022-10-06 2023-06-16
11. BLACKROCK INC   2010-11-08 2023-06-16
116. BLACKSTONE INC   2019-07-23 2023-06-16
30. CME GROUP INC     2023-06-16
67. CADENCE DESIGN SYS INC   2020-06-08 2023-06-16
28. CHARLES RIVER LABORATORIES   2021-07-14 2023-06-16
20. CHENIERE ENERGY INC   2023-05-23 2023-06-16
51. CHENIERE ENERGY INC   2023-06-14 2023-06-16
60. CHEVRON CORP     2023-06-16
4. CHIPOTLE MEXICAN GRILL INC   2021-06-04 2023-06-16
316. CISCO SYSTEMS INC     2023-06-16
14. CINTAS CORP   2019-08-02 2023-06-16
99. CONOCOPHILLIPS   2023-02-03 2023-06-16
24. COPART INC COM   2023-05-30 2023-06-16
51. COPART INC COM   2023-05-30 2023-06-16
18. COSTCO WHOLESALE CORP     2023-06-16
52. COSTAR GROUP INC   2019-01-08 2023-06-16
37. CROWDSTRIKE HOLDINGS INC - A   2023-04-12 2023-06-16
65. CROWN HOLDINGS INC   2018-09-14 2023-06-16
62. DANAHER CORP COM   2022-05-27 2023-06-16
69. DATADOG INC - CLASS A   2023-02-16 2023-06-16
77. DEXCOM INC   2023-06-15 2023-06-16
38. DIAMONDBACK ENERGY INC COM   2022-01-19 2023-06-16
120. WALT DISNEY CO/THE   2023-04-21 2023-06-16
46. DOLLAR GENERAL CORP   2021-09-16 2023-06-16
11. DOMINO'S PIZZA INC   2019-02-14 2023-06-16
93. DYNATRACE INC   2020-06-24 2023-06-16
43. EDWARDS LIFESCIENCES CORP   2016-01-20 2023-06-16
44. ENPHASE ENERGY INC     2023-06-16
62. ENTEGRIS INC   2021-05-12 2023-06-16
49. FMC CORP     2023-06-16
100. FIDELITY NATIONAL INFO SERV     2023-06-16
94. FISERV INC     2023-06-16
32. FIVE BELOW     2023-06-16
24. FLEETCOR TECHNOLOGIES INC   2022-04-13 2023-06-16
52. FLOOR & DECOR HOLDINGS INC-A   2021-05-12 2023-06-16
30. GLOBAL PAYMENTS INC   2015-05-26 2023-06-16
63. HOME DEPOT INC.   2021-03-17 2023-06-16
97. HONEYWELL INTERNATIONAL INC   2021-11-04 2023-06-16
135. HOWMET AEROSPACE INC   2021-06-16 2023-06-16
21. HUBBELL INC   2013-10-02 2023-06-16
13. HUMANA INC     2023-06-16
29. IDEX CORP     2023-06-16
94. INGERSOLL RAND INC     2023-06-16
110. INTERCONTINENTAL EXCHANGE IN   2017-10-31 2023-06-16
51. IQVIA HOLDINGS INC   2022-04-01 2023-06-16
73. JPMORGAN CHASE & CO   2010-01-26 2023-06-16
10. KLA CORP   2019-10-11 2023-06-16
42. KEYSIGHT TECHNOLOGIES IN   2019-08-02 2023-06-16
30. LAMB WESTON HOLDINGS INC   2023-02-10 2023-06-16
30. LIVE NATION ENTERTAINMENT IN   2022-06-28 2023-06-16
135. LIVENT CORP   2019-03-22 2023-06-16
16. MSCI INC   2017-01-30 2023-06-16
35. MARRIOTT INTERNATIONAL -CL A   2008-02-04 2023-06-16
32. MARTIN MARIETTA MATERIALS   2021-05-17 2023-06-16
74. MARVELL TECHNOLOGY INC   2020-04-03 2023-06-16
74. MASCO CORP     2023-06-16
211. MICROSOFT CORP     2023-06-16
101. MICROCHIP TECHNOLOGY INC   2008-11-04 2023-06-16
134. MONDELEZ INTERNATIONAL INC-A   2020-06-25 2023-06-16
122. MONSTER BEVERAGE CORP   2008-11-04 2023-06-16
275. NEXTERA ENERGY INC   2023-04-28 2023-06-16
37. ON SEMICONDUCTOR   2023-02-10 2023-06-16
34. OSHKOSH CORP   2021-01-11 2023-06-16
141. OTIS WORLDWIDE CORP     2023-06-16
58. PNC FINANCIAL SERVICES GROUP     2023-06-16
42. PALO ALTO NETWORKS INC     2023-06-16
59. PEPSICO INC   2014-02-20 2023-06-16
28. REVVITY INC   2023-05-25 2023-06-16
107. PFIZER INC   2023-05-23 2023-06-16
73. PIONEER NATURAL RESOURCES CO     2023-06-16
66. PLANET FITNESS INC - CL A   2021-01-14 2023-06-16
63. PROLOGIS INC COM     2023-06-16
79. QUALCOMM INC   2016-07-21 2023-06-16
191. RTX CORP   2021-02-22 2023-06-16
33. REGAL REXNORD CORP     2023-06-16
34. RESMED INC   2022-09-29 2023-06-16
10. RESMED INC   2020-06-16 2023-06-16
31. ROPER TECHNOLOGIES INC   2020-09-11 2023-06-16
15. ROPER TECHNOLOGIES INC   2009-04-15 2023-06-16
42. ROSS STORES INC   2012-05-16 2023-06-16
43. S&P GLOBAL INC     2023-06-16
29. SBA COMMUNICATIONS CORP   2011-12-22 2023-06-16
96. SALESFORCE INC     2023-06-16
124. SPROUTS FARMERS MARKET INC   2015-11-13 2023-06-16
26. STRYKER CORP   2009-03-10 2023-06-16
137. TJX COMPANIES INC     2023-06-16
84. T-MOBILE US INC     2023-06-16
80. THE TRADE DESK INC COM CL A   2023-05-25 2023-06-16
24. THERMO ELECTRON CORP COM   2015-07-14 2023-06-16
39. TRACTOR SUPPLY COMPANY   2020-11-09 2023-06-16
43. TRADEWEB MARKETS INC-CLASS A   2023-06-14 2023-06-16
61. TRANSUNION   2017-04-27 2023-06-16
234. US BANCORP   2021-02-22 2023-06-16
17. ULTA BEAUTY INC   2022-04-29 2023-06-16
66. UNION PACIFIC CORP   2020-03-03 2023-06-16
138. US FOODS HOLDING CORP   2021-06-14 2023-06-16
52. UNITEDHEALTH GROUP INC   2020-03-26 2023-06-16
49. VEEVA SYSTEMS INC-CLASS A   2022-08-04 2023-06-16
128. VICI PROPERTIES INC   2023-03-27 2023-06-16
131. VISA INC-CLASS A SHARES     2023-06-16
47. WEC ENERGY GROUP INC   2023-06-09 2023-06-16
44. WASTE CONNECTIONS INC   2022-09-23 2023-06-16
37. ZOETIS INC   2018-12-18 2023-06-16
101. ZURN ELKAY WATER SOLUTIONS C   2020-12-07 2023-06-16
69. GENPACT LTD   2020-03-20 2023-06-16
27. ICON PLC   2022-06-08 2023-06-16
40. LINDE PLC   2022-02-25 2023-06-16
44. APTIV PLC   2018-02-01 2023-06-16
36. PENTAIR PLC   2017-01-31 2023-06-16
90. TE CONNECTIVITY LTD REG SHS   2021-07-22 2023-06-16
178. GLOBAL PAYMENTS INC   2015-05-26 2023-06-27
456. DYNATRACE INC     2023-06-28
109. DYNATRACE INC   2020-05-18 2023-06-28
95. PALO ALTO NETWORKS INC   2021-07-16 2023-06-28
5. MARTIN MARIETTA MATERIALS   2021-05-17 2023-07-06
36. MARTIN MARIETTA MATERIALS   2021-05-17 2023-07-06
14. MARTIN MARIETTA MATERIALS   2021-05-17 2023-07-07
3. MARTIN MARIETTA MATERIALS   2021-05-17 2023-07-07
32. ASHLAND INC   2022-09-23 2023-07-13
6. ASHLAND INC   2022-09-23 2023-07-13
84. ASHLAND INC     2023-07-13
120. ASHLAND INC   2014-01-10 2023-07-14
181. AVANTOR INC   2022-08-04 2023-08-02
521. AVANTOR INC     2023-08-02
114. AVANTOR INC   2020-07-15 2023-08-02
272. GENPACT LTD     2023-08-14
31. GENPACT LTD   2020-03-20 2023-08-14
111. GENPACT LTD   2020-03-20 2023-08-14
5. AUTOZONE INC   2008-02-04 2023-08-22
95. CADENCE DESIGN SYS INC     2023-08-25
6. AUTOZONE INC   2008-02-04 2023-09-15
157. PALO ALTO NETWORKS INC   2021-07-16 2023-09-18
458. DEXCOM INC     2023-09-22
72. DEXCOM INC   2023-08-02 2023-09-22
406. PLANET FITNESS INC - CL A     2023-09-22
282. ALPHABET INC-CL C   2014-10-21 2023-10-10
267. ENPHASE ENERGY INC     2023-10-13
258. AGILENT TECHNOLOGIES INC     2023-10-24
113. AGILENT TECHNOLOGIES INC   2023-05-25 2023-10-24
37. AGILENT TECHNOLOGIES INC   2023-05-25 2023-10-24
38. RESMED INC   2023-05-25 2023-10-24
151. RESMED INC   2020-06-16 2023-10-24
74. RESMED INC     2023-10-24
150. ACADEMY SPORTS & OUTDOORS IN   2023-03-24 2023-10-27
83. ACADEMY SPORTS & OUTDOORS IN   2023-03-24 2023-10-27
11. ACADEMY SPORTS & OUTDOORS IN   2023-03-24 2023-10-27
89. WESCO INTERNATIONAL INC     2023-10-27
111. BILL HOLDINGS INC   2023-03-06 2023-11-09
46. BILL HOLDINGS INC   2022-10-06 2023-11-09
29. AVALONBAY COMMUNITIES INC   2023-01-20 2023-11-14
181. AVALONBAY COMMUNITIES INC   2023-01-20 2023-11-14
7. AVALONBAY COMMUNITIES INC   2023-01-20 2023-11-14
34. ADOBE SYSTEMS INC   2017-03-06 2023-11-20
35. COSTCO WHOLESALE CORP     2023-11-20
112. RTX CORP   2021-02-22 2023-11-20
331. RTX CORP     2023-11-20
8. RTX CORP   2018-02-14 2023-11-20
66. RTX CORP   2018-02-14 2023-11-20
415. DOLLAR GENERAL CORP     2023-12-08
305. PFIZER INC   2023-05-23 2023-12-08
97. PFIZER INC   2023-05-23 2023-12-08
322. PFIZER INC   2023-05-23 2023-12-08
284. PFIZER INC   2023-05-23 2023-12-08
10. PFIZER INC   2023-05-23 2023-12-08
110. SALESFORCE INC     2023-12-15
340. TJX COMPANIES INC   2022-09-30 2023-12-15
38. ANSYS INC     2023-12-22
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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    
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 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,882   4,606 1,276
b 18,623   14,784 3,839
c 7,791   6,209 1,582
d 10,691   1,881 8,810
e 3,475   612 2,863
1,490   262 1,228
4,555   802 3,753
21,993   9,842 12,151
21,633   1,978 19,655
13,478   8,201 5,277
1,445   873 572
25,185   15,245 9,940
29,106   3,645 25,461
28,911   25,152 3,759
25,564   3,236 22,328
11,723   34,099 -22,376
9,158   31,464 -22,306
9,158   46,431 -37,273
18,207   10,507 7,700
6,797   3,905 2,892
21,070   19,194 1,876
21,443   28,261 -6,818
648   596 52
34,804   31,684 3,120
3,480   2,872 608
22,196   15,443 6,753
7,597   5,274 2,323
4,914   2,884 2,030
4,242   2,459 1,783
25,000   14,722 10,278
1,062   615 447
18,561   943 17,618
34,622   27,639 6,983
27,893   2,933 24,960
9,751   1,020 8,731
26,699   17,577 9,122
3,577   2,334 1,243
1,948   1,268 680
25,988   3,542 22,446
88,433   38,738 49,695
31,108   20,369 10,739
6,308   6,088 220
2,904   2,797 107
8,206   4,452 3,754
20,761   10,833 9,928
18,721   19,777 -1,056
3,438   3,407 31
7,596   9,700 -2,104
5,754   1,166 4,588
37,333   25,576 11,757
4,664   3,023 1,641
14,812   7,887 6,925
2,806   1,490 1,316
11,963   1,137 10,826
13,115   13,632 -517
2,054   2,692 -638
13,482   5,704 7,778
8,588   11,089 -2,501
10,173   9,360 813
6,883   5,831 1,052
31,207   6,543 24,664
26,324   25,283 1,041
45,594   47,873 -2,279
7,852   10,447 -2,595
8,782   8,190 592
12,068   2,256 9,812
7,500   6,029 1,471
9,770   3,864 5,906
13,401   6,090 7,311
8,351   721 7,630
34,658   1,110 33,548
6,833   4,802 2,031
3,521   3,962 -441
17,717   13,070 4,647
6,213   816 5,397
15,016   708 14,308
4,410   3,870 540
6,610   9,479 -2,869
4,846   1,292 3,554
2,927   3,918 -991
7,791   1,793 5,998
10,650   5,284 5,366
5,511   6,048 -537
15,905   6,134 9,771
5,850   10,704 -4,854
2,985   2,901 84
7,611   7,495 116
9,512   7,411 2,101
8,163   5,316 2,847
16,454   10,265 6,189
6,884   3,622 3,262
10,431   10,908 -477
2,098   2,124 -26
4,458   4,513 -55
9,479   5,917 3,562
4,367   1,811 2,556
5,772   5,023 749
5,679   2,986 2,693
15,098   16,297 -1,199
6,658   5,803 855
10,098   10,047 51
4,901   4,795 106
10,974   11,855 -881
7,515   10,103 -2,588
3,634   3,183 451
4,793   3,907 886
3,965   1,061 2,904
7,940   7,972 -32
6,654   6,433 221
5,177   2,458 2,719
5,488   9,795 -4,307
11,305   1,218 10,087
6,115   6,576 -461
5,814   6,151 -337
5,004   5,364 -360
3,010   1,562 1,448
19,173   17,781 1,392
19,740   21,708 -1,968
6,199   4,754 1,445
6,738   2,214 4,524
5,794   799 4,995
6,074   6,064 10
6,053   4,979 1,074
12,310   7,264 5,046
11,035   12,190 -1,155
10,473   2,866 7,607
4,725   1,613 3,112
6,959   3,681 3,278
3,433   2,967 466
2,715   2,576 139
3,621   1,750 1,871
7,695   1,330 6,365
6,179   1,171 5,008
13,648   12,070 1,578
4,547   1,658 2,889
4,119   2,773 1,346
72,875   36,143 36,732
8,626   877 7,749
9,913   6,798 3,115
7,160   264 6,896
20,856   21,011 -155
3,325   3,086 239
2,829   3,130 -301
12,440   9,358 3,082
7,409   7,307 102
10,249   5,577 4,672
11,006   4,633 6,373
3,314   3,252 62
4,283   4,223 60
15,141   12,781 2,360
4,649   5,437 -788
7,776   7,490 286
9,720   4,615 5,105
18,651   14,105 4,546
4,976   4,929 47
7,428   7,457 -29
2,185   1,690 495
14,208   12,362 1,846
6,875   654 6,221
4,523   1,305 3,218
17,086   17,676 -590
6,677   1,232 5,445
20,373   23,670 -3,297
4,216   2,846 1,370
7,693   829 6,864
11,122   6,690 4,432
11,025   8,683 2,342
6,133   5,319 814
12,923   3,278 9,645
8,544   5,176 3,368
3,036   3,045 -9
4,623   2,467 2,156
7,771   11,924 -4,153
7,585   6,852 733
13,549   10,668 2,881
5,731   5,568 163
23,915   12,708 11,207
9,795   11,199 -1,404
4,147   4,028 119
30,039   27,167 2,872
4,315   4,233 82
6,066   6,136 -70
6,327   3,156 3,171
2,587   3,933 -1,346
2,683   1,790 893
6,344   6,240 104
15,031   11,763 3,268
4,449   4,229 220
2,191   1,406 785
12,127   12,365 -238
17,243   9,269 7,974
23,345   15,936 7,409
5,617   3,801 1,816
24,029   12,366 11,663
2,205   1,886 319
15,867   13,578 2,289
6,145   5,280 865
1,318   1,132 186
2,812   3,092 -280
527   580 -53
7,382   5,651 1,731
10,398   5,992 4,406
3,773   5,168 -1,395
10,862   18,329 -7,467
2,398   2,152 246
9,974   6,989 2,985
1,138   792 346
4,072   2,836 1,236
12,200   590 11,610
21,948   8,297 13,651
15,262   708 14,554
37,752   20,436 17,316
40,252   59,444 -19,192
6,311   8,868 -2,557
18,281   31,405 -13,124
39,353   7,380 31,973
33,213   34,752 -1,539
27,364   38,495 -11,131
11,980   13,497 -1,517
3,919   4,419 -500
5,410   8,294 -2,884
21,496   25,520 -4,024
10,586   12,470 -1,884
6,524   9,614 -3,090
3,588   5,320 -1,732
476   705 -229
11,259   15,538 -4,279
6,361   10,052 -3,691
2,636   6,932 -4,296
4,998   4,880 118
31,230   30,458 772
1,205   1,178 27
20,778   4,084 16,694
20,322   11,449 8,873
8,890   8,271 619
26,230   24,174 2,056
635   579 56
5,260   4,779 481
53,442   60,104 -6,662
8,780   12,036 -3,256
2,786   3,828 -1,042
9,239   12,707 -3,468
8,157   11,208 -3,051
287   395 -108
28,745   26,664 2,081
30,310   21,328 8,982
12,732   1,080 11,652
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
      33,987
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       1,276
b       3,839
c       1,582
d       8,810
e       2,863
      1,228
      3,753
      12,151
      19,655
      5,277
      572
      9,940
      25,461
      3,759
      22,328
      -22,376
      -22,306
      -37,273
      7,700
      2,892
      1,876
      -6,818
      52
      3,120
      608
      6,753
      2,323
      2,030
      1,783
      10,278
      447
      17,618
      6,983
      24,960
      8,731
      9,122
      1,243
      680
      22,446
      49,695
      10,739
      220
      107
      3,754
      9,928
      -1,056
      31
      -2,104
      4,588
      11,757
      1,641
      6,925
      1,316
      10,826
      -517
      -638
      7,778
      -2,501
      813
      1,052
      24,664
      1,041
      -2,279
      -2,595
      592
      9,812
      1,471
      5,906
      7,311
      7,630
      33,548
      2,031
      -441
      4,647
      5,397
      14,308
      540
      -2,869
      3,554
      -991
      5,998
      5,366
      -537
      9,771
      -4,854
      84
      116
      2,101
      2,847
      6,189
      3,262
      -477
      -26
      -55
      3,562
      2,556
      749
      2,693
      -1,199
      855
      51
      106
      -881
      -2,588
      451
      886
      2,904
      -32
      221
      2,719
      -4,307
      10,087
      -461
      -337
      -360
      1,448
      1,392
      -1,968
      1,445
      4,524
      4,995
      10
      1,074
      5,046
      -1,155
      7,607
      3,112
      3,278
      466
      139
      1,871
      6,365
      5,008
      1,578
      2,889
      1,346
      36,732
      7,749
      3,115
      6,896
      -155
      239
      -301
      3,082
      102
      4,672
      6,373
      62
      60
      2,360
      -788
      286
      5,105
      4,546
      47
      -29
      495
      1,846
      6,221
      3,218
      -590
      5,445
      -3,297
      1,370
      6,864
      4,432
      2,342
      814
      9,645
      3,368
      -9
      2,156
      -4,153
      733
      2,881
      163
      11,207
      -1,404
      119
      2,872
      82
      -70
      3,171
      -1,346
      893
      104
      3,268
      220
      785
      -238
      7,974
      7,409
      1,816
      11,663
      319
      2,289
      865
      186
      -280
      -53
      1,731
      4,406
      -1,395
      -7,467
      246
      2,985
      346
      1,236
      11,610
      13,651
      14,554
      17,316
      -19,192
      -2,557
      -13,124
      31,973
      -1,539
      -11,131
      -1,517
      -500
      -2,884
      -4,024
      -1,884
      -3,090
      -1,732
      -229
      -4,279
      -3,691
      -4,296
      118
      772
      27
      16,694
      8,873
      619
      2,056
      56
      481
      -6,662
      -3,256
      -1,042
      -3,468
      -3,051
      -108
      2,081
      8,982
      11,652
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 756,377
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 13,709
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 13,709
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 13,709
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 3,224
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 3,224
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 460
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 10,945
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 arrowSC
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 arrowCIBC National Trust Company Telephone no.right arrow (617) 357-9600

Located atright arrow100 FEDERAL ST 37TH FLBOSTONMA ZIP+4right arrow02110
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
WILLIAM LOWNDES III PRES/TREAS, AS REQUIRED
0 		0    
PO BOX 5042
SPARTANBURG,SC29304
HENRIETTA M LOWNDES SEC/TRUSTEE, AS REQUIRED
0 		0    
PO BOX 5042
SPARTANBURG,SC29304
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
15,438,260
b
Average of monthly cash balances.......................
1b
1,441,835
c
Fair market value of all other assets (see instructions)................
1c
1,683,404
d
Total (add lines 1a, b, and c).........................
1d
18,563,499
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
18,563,499
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
278,452
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
18,285,047
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
914,252
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
914,252
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
13,709
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
13,709
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
900,543
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
900,543
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
900,543
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
950,162
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
950,162
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 7 900,543
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 932,187
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$ 950,162
a Applied to 2022, but not more than line 2a 932,187
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..... 17,975
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 .......... 		882,568
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).)
NONE
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.
NONE
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

MERCATUS CENTER
George Washington Univ
3434 WASHINGTON BLVD 4TH FLOOR
ARLINGTON,VA222014433 		NONE PC CONTRIBUTION 50,000

THE INDEPENDENT INSTITUTE

100 SWAN WAY SUITE 200
OAKLAND,CA946211428 		NONE PC CONTRIBUTION 75,000

INSTITUTE FOR JUSTICE

901 N GLEBE ROAD SUITE 900
ARLINGTON,VA22203 		NONE PC CONTRIBUTION 30,000

HERITAGE FOUNDATION

214 WASHINGTON AVE NE
WASHINGTON,DC200024999 		NONE PC CONTRIBUTION 50,000

FOUNDATION FOR ECONOMIC
EDUCATION
1819 PEACHTREE ST NE 300
Atlanta,GA30309 		NONE PC CONTRIBUTION 100,000

HILLSDALE COLLEGE

33 EAST COLLEGE STREET
HILLSDALE,MI492421205 		NONE PC CONTRIBUTION 50,000

CATO INSTITUTE

1000 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20001 		NONE PC CONTRIBUTION 70,000

STUDENTS FOR LIBERTY

2221 S CLARKE ST 12TH FLOOR
Arlington,VA22202 		NONE PC CONTRIBUTION 50,000

SC PUBLIC INTEREST FOUNDATION

PO BOX 25999
Greenville,SC29616 		NONE PC CONTRIBUTION 25,000

THE CLEMSON INSTITUTE
FOR THE STUDY OF CAPITALISM
CLEMSON UNIV PO BOX 1889
CLEMSON,SC29633 		NONE PC CONTRIBUTION 100,000

Palmetto Promise Institute

PO BOX 12676
Columbia,SC29211 		NONE PC CONTRIBUTION 100,000

Judicial Watch

425 THIRD STREET SW SUITE 800
Washington,DC20024 		NONE PC CONTRIBUTION 30,000

THE FEDERALIST SOCIETY

1776 I STREET NW SUITE 300
Washington,DC20006 		NONE PC CONTRIBUTION 50,000

US Term Limits Foundation

1250 CONNECTICUT AVENUE NW SUITE 20
Washington,DC20036 		NONE PC CONTRIBUTION 5,000

Atlas Network

4075 WILSON BOULEVARD SUITE 310
Arlington,VA22203 		NONE PC CONTRIBUTION 50,000

The Ludwig Von Mises Institute

518 W MAGNOLIA AVENUE
Auburn,AL36832 		NONE PC CONTRIBUTION 50,000

Institute of Humane Studies

3434 WASHINGTON BLVD - MS 1C5
Arlington,VA22201 		NONE PC CONTRIBUTION 50,000
Total .................................right arrow 3a 935,000
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 ....     14 304,130  
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 ............ 		    18 756,377  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFED REFUND 		900099   14 2,554  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,063,061  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,063,061
(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:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT & ACCOUNTING FEES (ALLOC 1,210 908   303

TY 2023 InvestmentsCorpStockSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Name of Stock End of Year Book Value End of Year Fair Market Value
AUTOMATIC DATA PROCESSING INC    
CISCO SYS INC    
CHENIERE ENERGY INC COM NEW    
DANAHER CORP COM    
FIDELITY NATL INFORMATION SVCS    
FISERV INC COM    
JPMORGAN CHASE & CO COM    
MARTIN MARIETTA MATERIALS COM    
AZEK CO INC CL A    
PEPSICO INC COM    
STRYKER CORP COM    
CHIPOTLE MEXICAN GRILL INC CL    
VEEVA SYS INC CL A COM    
CME GROUP INC COM    
MATTHEWS PACIFIC TIGER FD CL I    
PENTAIR PLC SHS    
AMAZON.COM INC COM    
AMETEK INC NEW COM    
ANSYS INC COM    
AUTOZONE INC COM    
BILL COM HLDGS INC COM    
CHURCH & DWIGHT INC COM    
DIAMONDBACK ENERGY INC COM    
ICON PLC SHS    
HUMANA INC COM    
INTERCONTINENTALEXCHANGE INC    
VARONIS SYS INC COM    
MARRIOTT INTERNATIONAL CL A    
MICROCHIP TECHNOLOGY INC COM    
OSHKOSH CORPORATION    
ROPER TECHNOLOGIES, INC.    
TJX COS INC NEW COM    
APPLE INC COM    
BLACKROCK INC COM    
JOHN HANCOCK SMALL CAP CORE FU    
MEDTRONIC INC COM    
MICROSOFT CORP COM    
ROSS STORES INC COM    
UNION PAC CORP COM    
UNITEDHEATLH GROUP INC COM    
AMPHENOL CORP CL A    
COSTCO WHSL CORP NEW COM    
SKYWORKS SOLUTIONS INC COM    
ULTA BEAUTY, INC    
ALNYLAM PHARMACEUTICALS INC CO    
VISA INC COM CL A    
US FOODS HLDG CORP COM    
AMERIPRISE FINL INC COM    
TE CONNECTIVITY LTD REG SHS    
FMC CORP COM    
SBA COMMUNICATIONS CORP COM    
CROWN HLDGS INC COM    
REGAL REXNORD CORPORATION    
MONSTER BEVERAGES CORP COM    
PIONEER NAT RES CO    
US BANCORP DEL COM NEW    
ZURN WTR SOLUTIONS CORP    
TRACTOR SUPPLY CO    
BERRY GLOBAL GROUP INC    
BOOKING HLDGS INC COM    
DOLLAR GEN CORP NEW COM    
EPAM SYS INC COM    
HOME DEPOT INC COM    
HUBBELL INC COM    
CHEWY INC CL A    
ALPHABET INC CAP STK CL A    
ALPHABET INC CAP STK CL C    
FLOOR & DECOR HLDGS INC CL A    
ARES MANAGEMENT CORPORATION CL    
CONOCOPHILLIPS COM    
PALO ALTO NETWORKS INC COM    
GLOBAL PMTS INC COM    
HOWMET AEROSPACE INC COM    
NEXTERA ENERGY INC COM    
IDEX CORP COM    
PTC INC COM    
QUALCOMM INC COM    
AGILENT TECHNOLOGIES INC COM    
SPROUTS FMRS MKT INC COM    
THERMO FISHER CORP COM    
T ROWE PRICE INSTITUTIONAL FLO    
AMERICAN TOWER CORPORATION    
CIBC ATLAS INCOME OPPORTUNITIE    
EDWARDS LIFESCIENCES CORP    
ON SEMICONDUCTOR CORP COM    
FLEETCOR TECHNOLOGIES INC    
IQVIA HLDGS INC COM    
JPMORGAN MID CAP VALUE FUND CL    
JAZZ PHARMACEUTICALS PLC    
ADOBE SYS INC    
APTIV PLC    
AUTODESK INC    
PLANET FITNESS INC CL A    
CHEVRON CORP NEW    
INGERSOLL RAND INC COM    
HONEYWELL INTERNATIONAL INC    
MASCO CORP    
MSCI INC    
PROLOGIS INC COM    
TELEFLEX INC    
TRANSUNION COM    
TANDEM DIABETES CARE INC COM N    
ALIGN TECHNOLOGY INC COM    
ANALOG DEVICES INC COM    
ENCOMPASS HEALTH CORP COM    
HARDING LOEVNER INSTITUTIONAL    
VERSUS CAPITAL MULTI-MANAGER R    
LINDE PLC COM    
STANLEY BLACK & DECKER INC COM    
RAYTHEON CO COM NEW    
T MOBILE US INC COM    
VERSUS CAPITAL REAL ASSETS FUN    
WESTERN ALLIANCE BANCORP COM    
ZOETIS INC CL A    
BLACKSTONE GROUP INC COM CL A    
CDW CORP COM    
CINTAS CORP COM    
COSTAR GROUP INC COM    
DISNEY WALT CO COM    
DOMINOS PIZZA INC COM    
D R HORTON INC COM    
ECOLAB INC COM    
GENPACT LIMITED SHS    
IAA INC COM    
KEYSIGHT TECHNOLOGIES INC COM    
KLA CORPORATION    
LIVE NATION ENTERTAINMENT INC    
LIVENT CORP COM    
SCHWAB CHARLES CORP NEW COM    
WASTE CONNECTIONS INC COM    
COHEN & STEERS PREFERRED SECUR    
ABBOTT LABORATORIES COM    
AMERISOURCEBERGEN CORP COM    
AMERICAN WTR WKS CO INC NEW CO    
ASHLAND GLOBAL HLDGS INC COM    
ASTRAZENECA PLC SPONSORED ADR    
AVANTOR INC COM    
CADENCE DESIGN SYSTEM INC COM    
CATALENT INC COM    
CHARLES RIV LABORATORIES INTL    
CIBC ATLAS INTERNATIONAL GROWT    
CONESTOGA SMALL CAP FUND - INS    
DYNATRACE INC COM    
ENPHASE ENERGY INC COM    
ENTEGRIS INC COM    
FIVE BELOW INC COM    
GOODRX HLDGS INC COM CL A    
IDEX CORP COM    
LIBERTY BROADBAND CORP COM SER    
MARVELL TECHNOLOGY GROUP LTD    
MONDELEZ INTL INC COM    
OTIS WORLDWIDE CORP COM    
PNC FINL SVCS GROUP INC COM    
RESMED INC COM    
S&P GLOBAL INC COM    
SALESFORCE COM INC COM    
SMARTSHEET INC COM CL A    
SVB FINL GROUP COM    
SYNOPSYS INC COM    
TWILIO INC CL A    
002824100 ABBOTT LABORATORIES 99,892 128,892
00402L107 ACADEMY SPORTS & OUT 14,177 19,734
00724F101 ADOBE INC 26,547 131,849
00846U101 AGILENT TECHNOLOGIES 25,239 31,421
016255101 ALIGN TECHNOLOGY INC 50,867 51,512
02043Q107 ALNYLAM PHARMACEUTIC 30,769 39,813
02079K107 ALPHABET INC-CL C 26,734 291,443
02079K305 ALPHABET INC-CL A 100,761 269,322
023135106 AMAZON.COM INC 63,440 501,098
03073E105 CENCORA INC 54,115 65,722
03076C106 AMERIPRISE FINANCIAL 10,734 85,082
031100100 AMETEK INC 10,581 47,653
032095101 AMPHENOL CORP-CL A 8,277 72,464
032654105 ANALOG DEVICES INC 54,844 130,454
03662Q105 ANSYS INC 3,082 42,094
037833100 APPLE INC 8,063 336,928
03990B101 ARES MANAGEMENT CORP 36,914 62,076
046353108 ASTRAZENECA PLC-SPON 148,030 178,612
053015103 AUTOMATIC DATA PROCE 7,755 61,970
053332102 AUTOZONE INC 2,830 62,055
05352A100 AVANTOR INC 21,920 26,917
08579W103 BERRY GLOBAL GROUP I 7,905 31,336
090572207 BIO-RAD LABORATORIES 14,668 17,436
09247X101 BLACKROCK INC 17,157 86,051
09260D107 BLACKSTONE INC 46,959 144,405
12572Q105 CME GROUP INC 94,155 97,087
127387108 CADENCE DESIGN SYS I 25,189 84,435
159864107 CHARLES RIVER LABORA 32,884 39,479
16411R208 CHENIERE ENERGY INC 78,784 95,256
166764100 CHEVRON CORP 65,202 83,977
169656105 CHIPOTLE MEXICAN GRI 27,910 48,026
17275R102 CISCO SYSTEMS INC 60,228 149,034
172908105 CINTAS CORP 41,248 69,306
20825C104 CONOCOPHILLIPS 92,564 108,874
217204106 COPART INC 47,055 60,221
22160K105 COSTCO WHOLESALE COR 45,199 91,751
22160N109 COSTAR GROUP INC 11,146 27,965
22788C105 CROWDSTRIKE HOLDINGS 64,120 112,085
228368106 CROWN HOLDINGS INC 14,652 36,468
235851102 DANAHER CORP 42,782 167,259
23804L103 DATADOG INC - CLASS 51,098 72,464
252131107 DEXCOM INC 47,605 68,498
25278X109 DIAMONDBACK ENERGY I 28,248 34,738
254687106 WALT DISNEY CO/THE 154,589 101,847
25754A201 DOMINO'S PIZZA INC 18,105 28,856
28176E108 EDWARDS LIFESCIENCES 77,637 100,193
29362U104 ENTEGRIS INC 26,654 45,052
302491303 FMC CORP 10,333 18,852
31620M106 FIDELITY NATIONAL IN 31,185 56,526
337738108 FISERV INC 11,184 117,165
33829M101 FIVE BELOW 22,642 42,419
339041105 FLEETCOR TECHNOLOGIE 33,512 51,435
339750101 FLOOR & DECOR HOLDIN 31,872 35,141
36266G107 GE HEALTHCARE TECHNO 14,609 15,387
437076102 HOME DEPOT INC 85,724 204,465
438516106 HONEYWELL INTERNATIO 116,278 188,949
443201108 HOWMET AEROSPACE INC 26,934 44,162
443510607 HUBBELL INC 13,679 43,090
443573100 HUBSPOT INC 44,326 49,346
444859102 HUMANA INC 2,443 37,083
45167R104 IDEX CORP 23,105 39,514
45687V106 INGERSOLL RAND INC 26,485 43,156
45866F104 INTERCONTINENTAL EXC 82,845 134,595
46266C105 IQVIA HOLDINGS INC 107,823 111,988
46625H100 JPMORGAN CHASE & CO 23,825 123,833
482480100 KLA CORP 9,838 35,459
49338L103 KEYSIGHT TECHNOLOGIE 21,050 39,773
513272104 LAMB WESTON HOLDINGS 17,238 18,916
538034109 LIVE NATION ENTERTAI 15,625 17,035
53814L108 LIVENT CORP 8,015 14,869
55354G100 MSCI INC 8,229 55,999
571903202 MARRIOTT INTERNATION 4,114 49,387
573284106 MARTIN MARIETTA MATE 82,393 117,743
573874104 MARVELL TECHNOLOGY I 9,966 26,838
574599106 MASCO CORP 16,758 30,208
580135101 MCDONALD'S CORP 83,099 88,656
594918104 MICROSOFT CORP 44,963 739,671
595017104 MICROCHIP TECHNOLOGY 4,529 54,920
609207105 MONDELEZ INTERNATION 67,857 91,479
61174X109 MONSTER BEVERAGE COR 1,517 42,631
65339F101 NEXTERA ENERGY INC 144,711 158,288
67066G104 NVIDIA CORP 164,069 172,832
682189105 ON SEMICONDUCTOR 18,266 18,293
688239201 OSHKOSH CORP 19,150 22,549
68902V107 OTIS WORLDWIDE CORP 65,548 118,011
693475105 PNC FINANCIAL SERVIC 68,759 84,703
713448108 PEPSICO INC 68,266 125,172
714046109 REVVITY INC 32,982 30,935
723787107 PIONEER NATURAL RESO 106,570 152,918
747525103 QUALCOMM INC 41,973 107,026
75513E101 RTX CORP 68,457 106,353
758750103 REGAL REXNORD CORP 11,480 29,900
776696106 ROPER TECHNOLOGIES I 101,006 207,165
778296103 ROSS STORES INC 36,864 69,195
78409V104 S&P GLOBAL INC 133,433 174,446
78709Y105 SAIA INC 18,034 20,596
79466L302 SALESFORCE INC 109,001 177,356
85208M102 SPROUTS FARMERS MARK 16,312 36,323
863667101 STRYKER CORP 42,096 75,763
872540109 TJX COMPANIES INC 27,163 94,936
872590104 T-MOBILE US INC 45,404 128,264
88339J105 TRADE DESK INC/THE - 45,490 48,789
883556102 THERMO FISHER SCIENT 29,492 123,143
892356106 TRACTOR SUPPLY COMPA 13,575 52,467
892672106 TRADEWEB MARKETS INC 35,794 44,440
89400J107 TRANSUNION 15,204 25,835
902973304 US BANCORP 82,688 94,480
90384S303 ULTA BEAUTY INC 40,598 50,469
907818108 UNION PACIFIC CORP 43,102 154,004
912008109 US FOODS HOLDING COR 30,010 37,463
91324P102 UNITEDHEALTH GROUP I 22,647 267,447
922475108 VEEVA SYSTEMS INC-CL 56,233 55,253
92338C103 VERALTO CORP 5,647 19,825
92826C839 VISA INC-CLASS A SHA 65,790 324,656
92939U106 WEC ENERGY GROUP INC 40,041 37,624
94106B101 WASTE CONNECTIONS IN 32,181 39,557
95082P105 WESCO INTERNATIONAL 12,431 14,606
98978V103 ZOETIS INC 29,731 69,277
98980G102 ZSCALER INC 24,140 31,683
98983L108 ZURN ELKAY WATER SOL 15,965 18,146
G4705A100 ICON PLC 38,337 47,273
G54950103 LINDE PLC 70,497 153,606
G6095L109 APTIV PLC 15,784 24,404
G7S00T104 PENTAIR PLC 8,612 16,287
H84989104 TE CONNECTIVITY LTD 109,622 118,301

TY 2023 InvestmentsOtherSchedule2
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
NORTH AMERICAN COMPANY LIFE      
LIGHTHOUSE GLOBAL OFFSHORE FUN      
KING STREET CAPITAL LTD      

TY 2023 OtherAssetsSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
00769G139 CIBC ATLAS INTL GRWT   870,982 877,423
00769G451 CIBC ATLAS INC OPPOR   415,076 598,965
03027X100 AMERICAN TOWER CORP   52,281 82,034
XXX-XX-XXXX CONESTOGA SMALL CAP-   663,821 664,488
XXX-XX-XXXX JPMORGAN MID CAP VAL   570,077 622,517
47803P567 JH SMALL CAP CORE-I   507,611 498,842
XXX-XX-XXXX MATTHEWS PACIFIC TIG   576,745 530,998
74340W103 PROLOGIS INC   64,842 79,713
78410G104 SBA COMMUNICATIONS C   7,351 43,888
92532P207 VERSUS CAP MM RL EST   304,891 274,274
92535N100 VERSUS CAP RL EST   421,992 480,092
XXX-XX-XXXX VICI PROPERTIES INC   37,516 38,575
IP5072000 NORTH AMERICAN COMPA   109,457 109,457
KNGLTDA47 KING STREET CAPITAL   86,505 86,505
LHGLLSA77 LIGHTHOUSE GLOBAL LO   1,502,364 1,502,364


TY 2023 OtherDecreasesSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Description Amount
WASH SALES 1,099


TY 2023 OtherExpensesSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 72 54   18
LIFE INSURANCE PREMIUM 109,457 0   0


TY 2023 OtherIncomeSchedule2
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER REVENUE 2,554 0  


TY 2023 OtherIncreasesSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Description Amount
INTRAPERIOD ADJUSTMENT 1,453
ROUNDING 3
BASIS ADJUSTMENT 838,869
MISCELLANEOUS 44
RETURN OF CAPITAL 11,819


TY 2023 OtherProfessionalFeesSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TRUSTEE FEES-PRIN (NON-DEDUCTI 59,364 44,523   14,841


TY 2023 TaxesSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 45 45   0
FOREIGN TAXES ON QUALIFIED FOR 2,018 2,018   0
FOREIGN TAXES ON NONQUALIFIED 773 773   0