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 HALLORAN FAMILY FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)JPM PF SERVICES 390 MADISON AVENUE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10017

A Employer identification number

46-4342361

B Telephone number (see instructions)

(952) 345-0702

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

$77,189,315J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	1,904		1,904
4	Dividends and interest from securities...	1,658,691		1,658,691
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		748,804
b	Gross sales price for all assets on line 6a 839,522
7	Capital gain net income (from Part IV, line 2)...			748,804
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	3,426	3,426
12	Total. Add lines 1 through 11........	2,412,825		2,412,825
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	15,346	15,346	0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	9,460	9,460	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	105,533	105,533	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	49,638	49,638	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	353		353	0
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	180,330		180,330	0
25	Contributions, gifts, grants paid.......	1,989,523			1,989,523
26	Total expenses and disbursements. Add lines 24 and 25	2,169,853		180,330	1,989,523
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	242,972
b	Net investment income (if negative, enter -0-)			2,232,495
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	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.........	2,296,294	4,531,856	4,531,856
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	7,991,562	List of Attached Documents: // Content 7,991,562	7,958,750
	b	Investments—corporate stock (attach schedule).......	19,811,762	List of Attached Documents: // Content 19,274,756	64,043,752
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 282,923	List of Attached Documents: // Content 282,923	List of Attached Documents: // Content 654,957
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	30,382,541	32,081,097	77,189,315
	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	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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	30,382,541	32,081,097
	29	Total net assets or fund balances (see instructions).....	30,382,541	32,081,097
	30	Total liabilities and net assets/fund balances (see instructions).	30,382,541	32,081,097

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) ...............

30,382,541

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

242,972

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

List of Attached Documents:

// Content

1,555,814

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

32,181,327

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

100,230

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

32,081,097

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	ACTIVISION BLIZZARD	2009-03-09	2023-10-13
b	KENVUE INC	2006-01-09	2023-08-25
c	ADIDAS AG ADR	2016-06-09	2023-06-22
d	ADIDAS AG ADR	2016-05-26	2023-06-22
e	BAXTER INTERNTNL	2006-01-09	2023-06-22
	COMERICA INCORPORATE	2009-03-09	2023-06-22
	ERICSSON B ADR	2016-10-25	2023-06-22
	FIRST REPUBLIC BANK	2011-09-06	2023-06-22
	BARRICK GOLD CORP	2018-09-18	2023-06-22
	NIDEC CORP ADR	2016-06-09	2023-06-22
	NIDEC CORP ADR	2016-05-26	2023-06-22
	PPG INDUSTRIES INC	2009-10-06	2023-06-22
	SEALED AIR CORP	2013-05-14	2023-06-22
	SEALED AIR CORP	2009-03-09	2023-06-22
	TRUIST FINL CORP	2009-03-09	2023-06-22
	WOODSIDE ENERGY GROU ADR	2022-06-02	2023-06-22
	ZIONS BANCORP N A	2011-09-06	2023-06-22
	SHIN ETSU CHEMICAL C ADR	2016-05-26	2023-04-05
	ROYAL DSM N V ADR	2016-06-09	2023-01-24
	ROYAL DSM N V ADR	2016-05-26	2023-01-24
	VMWARE	2020-03-12	2023-11-27

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	28,785	3,089	25,696
b	4	1	3
c	10,628	7,243	3,385
d	11,522	7,514	4,008
e	7,831	3,651	4,180
	7,162	2,335	4,827
	14,154	13,859	295
	34	3,650	-3,616
	11,710	7,121	4,589
	8,097	5,595	2,502
	7,876	5,484	2,392
	8,229	1,683	6,546
	229	139	90
	9,598	2,649	6,949
	9,369	4,323	5,046
	9,122	8,264	858
	8,591	5,024	3,567
	8	3	5
	6,877	3,436	3,441
	11,798	5,655	6,143
	667,898		667,898

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			25,696
b			3
c			3,385
d			4,008
e			4,180
			4,827
			295
			-3,616
			4,589
			2,502
			2,392
			6,546
			90
			6,949
			5,046
			858
			3,567
			5
			3,441
			6,143
			667,898

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	748,804
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	31,032
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	31,032
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	31,032
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	34,411
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	34,411
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	3,379
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax3,379	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

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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? ................

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

PATRICK HALLORAN Telephone no. right arrow

(952) 345-0702

Located at right arrow

1595 BOHNS POINT ROADWAYZATAMN ZIP+4 right arrow

553919309

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)

Yes

(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? .................

Yes

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

List of Attached Documents:

// Content

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
PATRICK HALLORAN	PRESIDENT 1.00	0	0	0
1595 BOHNS POINT ROAD WAYZATA,MN553919309	PRESIDENT 1.00	0	0	0
KATHLEEN A HALLORAN	SECRETARY/TREASURER 2.00	0	0	0
1595 BOHNS POINT ROAD WAYZATA,MN553919309	SECRETARY/TREASURER 2.00	0	0	0
JOHN E FOLEY	DIRECTOR 1.00	0	0	0
1595 BOHNS POINT ROAD WAYZATA,MN553919309	DIRECTOR 1.00	0	0	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...................

59,037,874

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

3,186,487

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

8,479,638

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

70,703,999

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.........................

70,703,999

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

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

1,060,560

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

69,643,439

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

3,482,172

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..................

3,482,172

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

31,032

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

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

31,032

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

3,451,140

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

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

3,451,140

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

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

3,451,140

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 ..........

1,989,523

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. .......

1,989,523

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					3,451,140
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......
b From 2019......	267,028
c From 2020......	293,600
d From 2021......
e From 2022......
f Total of lines 3a through e ........		560,628
4Qualifying distributions for 2023 from Part
XI, line 4: $ 1,989,523
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.....					1,989,523
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		560,628			560,628
(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 ..........					900,989
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

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).)

PATRICK HALLORAN

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
CHILDREN'S THEATRE COMPANY 2400 THIRD AVENUE SOUTH MINNEAPOLIS,MN55404		PC	GENERAL SUPPORT	50,335
CONSTELLATION FUND 729 N WASHINGTON AVENUE SUITE 600 MINNEAPOLIS,MN55401		PC	GRANT PROGRAM (3RD INSTALLMENT)	252,565
CONSTELLATION FUND 729 N WASHINGTON AVENUE SUITE 600 MINNEAPOLIS,MN55401		PC	GENERAL SUPPORT	10,000
DUCKS UNLIMITED INC ONE WATERFOWL WAY MEMPHIS,TN38120		PC	LIVING LAKES INITIATIVE	25,167
FREEDOM FROM RELIGION FOUNDATION 2400 THIRD AVENUE SOUTH MINNEAPOLIS,MN55404		PC	GENERAL SUPPORT	10,127
MACPHAIL CENTER FOR MUSIC 501 S 2ND STREET MINNEAPOLIS,MN55401		PC	GENERAL SUPPORT	5,000
MAYO CLINIC ROCHESTER 200 FIRST STREET SW ROCHESTER,MN55905		PC	GRANT INSTALLMENTS FOR BIOBANK, CLINIC IMAGING, AND EXPOSOMICS	489,500
NATIONAL NATIVE AMERICAN BAR ASSOCIATION FOUNDATION PO BOX 11145 TEMPE,AZ85284		PC	GENERAL SUPPORT	10,000
NOVARTIS INSTITUTE FOR BIOMEDICAL RESEARCH LICHTSRASSE 35 4056 BASEL,BASEL SZ		TAXABLE ORGANIZATION	PHD FELLOWSHIP SUPPORT	137,806
OSLO UNIVERSITY POSTBOKS 4950 NYDALEN,OLSO NO		PC EQUIVALENT	SUPPORT BIOBANK AND CLINICAL TRIALS IN PSC	450,205
PSC PARTNERS SEEKING A CURE 6900 E BELLEVIEW AVE SUITE 202 GREENWOOD VILLAGE,CO80111		PC	GENERAL SUPPORT	1,000
PSC PARTNERS SEEKING A CURE 6900 E BELLEVIEW AVE SUITE 202 GREENWOOD VILLAGE,CO80111		PC	GENERAL SUPPORT	198,659
RELEASE RECOVERY FOUNDATION 240 W 102ND ST UNIT 31 NEW YORK,NY100254925		PC	GENERAL SUPPORT	1,000
RONALD MCDONALD HOUSE CHARITIES INC 110 N CARPENTER STREET CHICAGO,IL60607		PC	GENERAL SUPPORT	1,000
THE NATURE CONSERVANCY 1101 WEST RIVER PKWY SUITE 200 MINNEAPOLIS,MN55415		PC	GENERAL SUPPORT	50,335
THREE RIVERS PAK DISTRICT FOUNDATION INC 3000 XENIUM LN N PLYMOUTH,MN55441		PC	GENERAL SUPPORT	5,000
TWIN CITIES PUBLIC TELEVISION INC 172 E 4TH STREET SAINT PAUL,MN55101		PC	GENERAL SUPPORT	40,298
UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE SUITE 500 MINNEAPOLIS,MN554552010		PC	WRESTLING SUPPORT	251,526
Total ................................. 3a				1,989,523

bApproved for future payment

Total ................................. 3b				0

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 ...........			14	1,904
4 Dividends and interest from securities ....			14	1,658,691
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 .....			14	3,426
8 Gain or (loss) from sales of assets other than inventory ............			18	748,804
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		2,412,825	0

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

2,412,825

(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

- TIN:

TY 2023 AccountingFeesSchedule

Name:

THE HALLORAN FAMILY FOUNDATION INC

EIN:

46-4342361

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	9,460	9,460		0

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 ExpenditureResponsibilityStmt

Name:

THE HALLORAN FAMILY FOUNDATION INC

EIN:

46-4342361

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Date of Verification	Results of Verification
NOVARTIS INSTITUTE FOR BIOMEDICAL RESEARCH	LICHTRASSE 35 4056 BASEL SZ	2023-12-18	137,806	TO SUPPORT A PHD-LEVEL SCIENTIST FELLOWSHIP FOCUSED ON PRIMARY SCLEROSING CHOLANGITIS		NO DIVERSION. THE FOUNDATION HAS AGREED TO A REIMBURSEMENT MODEL.	12/12/2023 & 12/29/2023	2024-03-25	NONE.

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

THE HALLORAN FAMILY FOUNDATION INC

EIN:

46-4342361

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	6,692	17,382
ABBOTT LABORATORIES	6,738	36,433
ABBVIE INC	5,327	33,474
ACCENTURE PLC	7,432	56,146
AGCO CORP	384,716	1,078,606
AIA GROUP LTD	38,894	56,928
AIR LIQUIDE	14,260	35,912
AIRBUS SE	11,011	27,693
AKAMAI TECHNOLOGIES INC	2,877	23,315
ALBEMARLE CORP	483,200	1,283,560
ALCOA CORP	118,361	582,386
ALFA LAVAL	9,914	26,827
ALLSTATE CORP	3,630	20,857
ALLY FINL INC	288,688	775,468
ALPHABET INC.	5,092	75,433
ALTRIA GROUP INC	7,590	19,888
AMAZON.COM INC	2,616	18,233
AMER ELECTRIC PWR CO	5,053	16,894
AMERICAN EXPRESS CO	314,792	874,316
AMGEN INC.	8,429	56,740
ANGLO AMERICAN PLC	7,946	19,968
AON PLC	4,905	29,102
APPLE INC	189,551	962,650
APPLIED MATERIALS	1,349	25,445
ARCBEST CORP	2,541	42,314
ASML HOLDING N V	14,098	106,726
AUTO DATA PROCESSING	3,776	30,286
BANK AMERICA CORP	14,988	65,960
BECTON DICKINSON&CO	5,892	23,652
BERKSHIRE HATHAWAY	20,578	95,585
BHP GROUP LTD	29,032	72,682
BIO-TECHNE CORP	2,749	15,432
BLACKROCK INC	6,246	32,472
BLACKSTONE INC	319,441	1,163,093
BOOKING HOLDINGS INC	2,339	17,736
BROADCOM INC	199,428	1,433,265
BROADCOM INC	2,884	27,906
C S L LIMITED	15,116	34,398
CATERPILLAR INC	3,861	31,637
CENCORA INC	1,538	20,538
CHARLES SCHWAB CORP	7,407	22,635
CHART INDUSTRIES INC	2,524	18,950
CINTAS CORP	360,857	1,338,508
CISCO SYSTEMS INC	9,798	31,221
CITIGROUP INC	8,764	13,066
COLGATE-PALMOLIVE CO	8,434	24,232
COMCAST CORP	7,779	31,397
CONSTELLATION BRAND	4,431	20,549
COSTCO WHOLESALE CO	6,570	51,486
CUMMINS INC	271,827	638,214
DAIKIN INDUSTRIES	11,284	21,668
DARDEN RESTAURANTS	412,091	1,751,931
DEERE & CO	1,883	29,191
DELL TECHNOLOGIES INC	366,748	1,698,836
DISCOVER FINL S	239,849	998,562
DOVER CORP	373,772	683,224
DSV A/S	7,063	25,466
DUPONT DE NEMOURS INC IA	429,746	1,036,709
ELEVANCE HEALTH INC	2,921	31,595
FAST RETAILING CO	8,004	21,576
FEDEX CORP	879,676	2,273,947
FERRARI N V	24,178	122,173
FORTESCUE METLS	10,967	81,933
FUJITSU LIMITED	5,071	18,498
GARMIN LTD	2,217	16,967
GENERAL DYNAMICS CO	3,850	27,525
GENERAL MOTORS CO	491,427	797,675
GILEAD SCIENCES INC	5,582	31,189
GLENCORE PLC	9,698	29,339
GOLDMAN SACHS GROUP	856,603	1,756,797
GOODYEAR TIRE RUBBER	596,407	1,272,017
HERMES INTERNTNL SCA	7,168	41,032
HILTON WORLDWIDE HLD	515,337	1,617,688
HITACHI LTD	18,033	57,250
HOME DEPOT INC	2,181	15,595
HONEYWELL INTL INC	2,068	10,486
HOYA CORP	9,985	35,862
INFINEON TECH AG	5,340	15,150
INTEL CORP	20,732	56,230
INTUIT INC	6,236	89,379
ITOCHU CORP	11,047	36,159
JOHNSON & JOHNSON	20,138	51,097
JPMORGAN CHASE & CO	12,443	67,360
KENVUE INC	6,052	16,944
KERING S A	9,776	25,703
KIMBERLY CLARK CORP	6,328	18,470
KKR & CO INC	908,759	3,679,700
KROGER CO	3,058	14,353
LILLY ELI & CO	5,764	99,096
LINCOLN ELEC HLDGS	1,936	31,749
LIVE NATION ENTRTMNT	262,344	831,542
LKQ CORP	2,462	18,973
LONDON STOCK EXCHANGE	12,759	43,314
LONZA GROUP AG	12,679	31,062
LOUISIANA PACIFIC CO	2,347	31,661
LOWES COS INC	285,496	988,567
LVMH MOET HENNESSY LOU	19,988	100,394
MACQUARIE BANK LIMITED	10,468	24,229
MARATHON PETROLEUM CORP	683,624	4,198,736
MARKEL CORP	2,110	14,199
MARRIOTT INTL INC	235,699	1,001,715
MARVELL TECHNOLOGY INC	2,275	23,762
MASTERCARD INC	5,127	38,386
MCDONALDS CORP	5,730	48,924
MERCEDES-BENZ GROUP	581,531	1,531,343
MERCK & CO. INC.	2,113	15,590
META PLATFORMS INC	719,360	1,572,290
MICROSOFT CORP	648,599	1,670,370
MONDELEZ INTL	5,192	23,540
MORGAN STANLEY	514,370	1,275,474
NESTLE S A	20,223	34,689
NETFLIX INC	7,259	44,306
NICE LTD	7,844	24,340
NINTENDO LTD	8,319	29,098
NUTRIEN LTD	658,435	1,251,228
O REILLY AUTOMOTIVE	341,012	1,265,507
OCCIDENTAL PETROLEUM CORP	942,753	4,119,512
OMRON CORP	8,113	12,131
ONEOK INC	463,153	1,559,376
ORACLE CORP	10,230	83,606
OWENS CORNING	306,875	1,316,875
PATTERSON-UTI ENERGY	188,790	1,220,497
PEPSICO INC	11,000	38,724
PERNOD RICARD S A	15,169	24,392
PFIZER INC	15,151	32,389
PINNACLE WEST CAP	3,613	11,279
PROCTER & GAMBLE	6,408	21,248
PRUDENTIAL FINL	429,116	921,360
QIAGEN N V	8,901	17,893
QUALCOMM INC	6,900	30,228
QUANTA SERVICES INC	3,305	48,123
REGIONS FINL CO	3,526	20,039
RIO TINTO PLC	19,057	49,218
ROYAL CARIBBEAN GROUP	436,483	1,725,195
RTX CORP	6,281	17,417
RWE AG ORD	9,856	36,228
SAFRAN	16,648	42,409
SALESFORCE INC	1,693	14,736
SAP SE	28,103	53,643
SCHNEIDER ELECTRIC SA	7,601	24,862
SHELL PLC - ADR	258,733	876,653
SHIN ETSU CHEMICAL CO	14,410	51,560
SHISEIDO LTD	8,717	10,063
SMC	9,968	21,307
SONY GROUP CORP	15,886	52,932
STATE STREET CORP	3,278	14,408
STELLANTIS N V	9,979	30,339
STMICROELECTRONICS NV	12,171	72,689
STRYKER CORP	4,806	46,117
TARGET CORP	5,026	28,199
THE COCA-COLA CO	7,597	21,509
TOKYO ELECTRON LTD	9,340	68,229
TOPBUILD CORP	1,954	25,075
TRAVELERS COMPANIES	5,387	28,574
U S BANCORP	6,276	15,191
UNION PACIFIC CORP	7,074	35,369
UNITED PARCEL SRVC	5,173	21,226
UNITED RENTALS INC	273,881	2,547,132
US FOODS HOLDING CORP	195,448	604,997
VERTEX PHARMACEUTICA	2,295	28,889
VESTAS WIND SYS AS UTD	13,641	32,781
W E C ENERGY GROUP INC	2,791	12,794
WALMART INC	19,161	66,055
WALT DISNEY CO	6,963	26,094
WATERS CORP	1,525	15,803
WELLS FARGO & CO	13,388	28,498
WHIRLPOOL CORP	352,959	540,902
WYNN RESORTS	397,714	809,421
XCEL ENERGY INC	4,554	17,397
ZURICH INSURANCE GROUP	25,192	55,213

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

THE HALLORAN FAMILY FOUNDATION INC

EIN:

46-4342361

US Government Securities - End of Year Book Value:

7,991,562

US Government Securities - End of Year Fair Market Value:

7,958,750

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

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

- TIN:

TY 2023 LegalFeesSchedule

Name:

THE HALLORAN FAMILY FOUNDATION INC

EIN:

46-4342361

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	15,346	15,346		0

- TIN:

TY 2023 OtherAssetsSchedule

Name:

THE HALLORAN FAMILY FOUNDATION INC

EIN:

46-4342361

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
PUBLIC STORAGE; PSA	3,522	3,522	21,350
SIMON PPTY GROUP: SPG	279,401	279,401	633,607

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

THE HALLORAN FAMILY FOUNDATION INC

EIN:

46-4342361

Description	Amount
BOOK TO TAX ADJUSTMENT	100,230

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

THE HALLORAN FAMILY FOUNDATION INC

EIN:

46-4342361

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
RETURN OF CAPITAL	3,426	3,426	3,426

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

THE HALLORAN FAMILY FOUNDATION INC

EIN:

46-4342361

Description	Amount
DIFFERENCE BETWEEN FMV AND COST OF STOCK DONATIONS	1,555,814

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

THE HALLORAN FAMILY FOUNDATION INC

EIN:

46-4342361

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	105,533	105,533		0

- TIN:

TY 2023 TaxesSchedule

Name:

THE HALLORAN FAMILY FOUNDATION INC

EIN:

46-4342361

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES PAID	49,588	49,588		0
REGISTRATION FEE	50	50		0