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 HBB FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7985 KESLINGER ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DEKALB, IL60115
A Employer identification number

36-6104969
B Telephone number (see instructions)

(815) 756-2431
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$17,470,012J 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... 386,372 386,372  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 199,358
b Gross sales price for all assets on line 6a 1,679,154
7 Capital gain net income (from Part IV, line 2)... 199,358
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)....... Click to see attachment
List of Attached Documents:
// Content
26,600 26,600  
12 Total. Add lines 1 through 11........ 612,330 612,330  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,270 1,270   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
90,790 83,592   7,198
17 Interest............... 18,871 18,871   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,432 4,432   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,847 0   3,747
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 119,210 108,165   10,945
25 Contributions, gifts, grants paid....... 734,172 734,172
26 Total expenses and disbursements. Add lines 24 and 25 853,382 108,165   745,117
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -241,052
b Net investment income (if negative, enter -0-) 504,165
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 84,116 109,071 109,071
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow50,000
Less: allowance for doubtful accounts right arrow0 0 Click to see attachment
List of Attached Documents:
// Content
50,000 		50,000
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)....... 11,256,955 Click to see attachment
List of Attached Documents:
// Content
11,143,652 		13,850,923
c Investments—corporate bonds (attach schedule)....... 3,813,957 Click to see attachment
List of Attached Documents:
// Content
3,613,105 		3,388,642
11 Investments—land, buildings, and equipment: basis right arrow2,069,559
Less: accumulated depreciation (attach schedule) right arrow1,998,183 71,376 71,376 71,376
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow14,162
Less: accumulated depreciation (attach schedule) right arrow14,162      
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,226,404 14,987,204 17,470,012
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 15,226,404 14,987,204
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........    
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)..... 15,226,404 14,987,204
30 Total liabilities and net assets/fund balances (see instructions). 15,226,404 14,987,204
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
15,226,404
2
Enter amount from Part I, line 27a .....................
2
-241,052
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,852
4
Add lines 1, 2, and 3 ..........................
4
14,987,204
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
14,987,204
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 BESSEMER - 8M6422- SHORT TERM P 2023-01-01 2023-12-31
b BESSEMER - 8M6422- LONG TERM P 2020-01-01 2023-12-31
c ARROWMARK CAPITAL GAINS - UNKNOWN P 2023-01-01 2023-12-31
d IBEX ISRAEL - SHORT TERM CAPITAL GAIN P 2023-01-01 2023-12-31
e IBEX ISRAEL - LONG TERM CAPITAL GAIN P 2020-01-01 2023-12-31
BESSEMER - NN00X4 - SHORT TERM P 2023-01-01 2023-12-31
BESSEMER - NN00X4 - LONG TERM P 2020-01-01 2023-12-31
CAPITAL GAINS 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 245,492   257,983 -12,479
b 1,233,503   1,045,799 187,943
c     8,971 8,971
d 3,401     3,401
e 950     950
15,321   18,871 -3,550
180,392   166,365 14,027
95     95
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       -12,479
b       187,943
c       8,971
d       3,401
e       950
      -3,550
      14,027
      95
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 2 199,358
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 7,008
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 7,008
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 7,008
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 7,000
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 7,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 8
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowBRIGITTE MICKEY Telephone no.right arrow (815) 756-2431

Located atright arrow7985 KESLINGER ROADDEKALBIL ZIP+4right arrow60115
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
MEREDITH LEDERHOS SECRETARY
2.00 		0 0 0
7985 KESLINGER ROAD
DEKALB,IL60115
TAYLOR KIRKPATRICK PRESIDENT
2.00 		0 0 0
7985 KESLINGER ROAD
DEKALB,IL60115
TIMOTHY KIRKPATRICK VICE PRESIDENT
2.00 		0 0 0
7985 KESLINGER ROAD
DEKALB,IL60115
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
16,299,033
b
Average of monthly cash balances.......................
1b
231,191
c
Fair market value of all other assets (see instructions)................
1c
71,376
d
Total (add lines 1a, b, and c).........................
1d
16,601,600
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
16,601,600
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
249,024
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
16,352,576
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
817,629
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
817,629
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
7,008
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
7,008
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
810,621
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
810,621
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
810,621
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
745,117
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
745,117
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 7 810,621
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......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 745,117
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..... 745,117
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 .......... 		65,504
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or 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

ATLANTA EDUC TELECOM COLLABORATIVE DBAWABE

740 BISMARK ROAD NE
ATLANTA,GA30324 		  PC ADVANCEMENT OF EDUCATION 10,000

CHATTAHOOCHEE RIVERKEEPER

6020 RIVER VIEW RD SE
SMYRNA,GA30126 		  PC ENVIRONMENTAL STUDY 25,000

COLORADO MOUNTAIN COLLEGE FOUNDATION

PO BOX 1763
GLENWOOD SPRINGS,CO81602 		  PC ENGLISH AS A SECOND LANGUAGE PROGRAM 18,000

DEKALB COUNTY 4-H FOUNDATION

1350 W PRAIRIE DRIVE
SYCAMORE,IL60178 		  PC SUPPORT 4-H PROGRAMS 2,500

DENISON UNIVERSITY

PO BOX 2007
MT VERNON,OH43050 		  PC STADIUM EXPANSION 50,000

DENVER DUMB FRIENDS LEAGUE

2080 S QUEBEC STREET
DENVER,CO802313298 		  PC DONATION 5,000

DENVER PUBLIC LIABARY FRIENDS FOUNDATION

10 W 14TH AVENUE PARKWAY
DENVER,CO80204 		  PC EXPANDING LIBRARY SUPPORT 100,000

DENVER SCHOOL OF THE ARTS FRIENDS FOUNDATION

7111 MONTVIEW RD
DENVER,CO80220 		  PC SUPPORT SCHOOL OF ARTS 5,000

FRESH START NEW BEGINNING

4400 NORTH SCOTTSDALE ROAD
SCOTTSDALE,AZ85251 		  PC GENERAL OPERATING EXPENSE 20,000

GOLF FORE THE CURE

265 W MCKINLEY
WATERMAN,IL60556 		  PC SUPPORT RESEARCH FOR CURE 1,500

GRAND COUNTY BLUES SOCIETY

4170 CHEYENNE DR
LARKSPUR,CO80118 		  PC GENERAL OPERATING EXPENSE 5,000

INTERNATIONAL RESCUE COMMITTEE-ATLANTA

2305 PARKLAKE DR NE
ATLANTA,GA30345 		  PC INTL. HEALTH WELL BEING WOMEN & GIRLS 25,000

LEE COUNTY 4-H FOUNDATION

642 S EAST ST
MT CARROLL,IL61053 		  PC SUPPORT 4-H PROGRAMS 2,500

MOUNTAIN VALLEY HORSE RESCUE

33933 COLORADO RIVER ROAD
MCCOY,CO80463 		  PC GENERAL OPERATING EXPENSE 12,000

NATIONAL WESTERN STOCK SHOW

4655 HUMBOLDT ST
DENVER,CO80216 		  PC YOUTH EDUCATION PROGRAMS IN LIVESTOCK, FARMING, RANCHING AND ANIMAL AWARENESS 30,172

NEW LEGACY CHARTER SCHOOL

2091 DAYTON ST
AURORA,CO80010 		  PC HELP PARENTING STUDENTS 10,000

ODYSSEY ATLANTA

1424 W PACES FERRY RD NW
ATLANTA,GA30327 		  PC GENERAL OPERATING EXPENSE 5,000

OGLE COUNTY 4-H FOUNDATION

PO BOX 393
OREGON,IL61061 		  PC SUPPORT 4-H PROGRAMS 2,500

SOROCO HIGH SCHOOL

PO BOX 158
OAK CREEK,CO80467 		  PC AGRICULTURAL PROGRAM 100,000

SOUTH ROUTT LIBRARY FRIENDS

PO BOX 175
OAK CREEK,CO80467 		  PC SUPPORT OF THE LIBRARY 35,000

TFALLS FOUNDATION

224 SABLE TRACE DR
ACWORTH,GA30102 		  PC SCHOOL RENOVATION 25,000

THE GRABHORN INSTITUTE

1802 HAYS STREET
SAN FRANSISCO,CA94129 		  PC PRESERVATION MUSEUM 150,000

THE TAFT SCHOOL

110 WOODBURY ROAD
WATERTOWN,CT06795 		  PC ACADEMIC & EXTRACURRICULAR PROGRAMS 30,000

THERAVADA BUDDHA SASANA NUGGAHA

32500 LOFTON AVENUE
CHICAGO,MN55013 		  PC SCHOOL FOR ORPHANS 15,000

UNIVERSITY OF TEXAS

PO BOX 7458
AUSTIN,TX78713 		  PC ADVANCEMENT OF EDUCATION 50,000
Total .................................right arrow 3a 734,172
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 386,372  
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 14,343 12,257
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 199,358  
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) .. 0 600,073 12,257
13Total. Add line 12, columns (b), (d), and (e)..................
13
612,330
(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.)
7 FEDERAL TAX REFUND FROM 2022 OVERPAYMENT ON FORM 990-PF
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 InvestmentsCorpBondsSchedule
Name:
THE HBB FOUNDATION
EIN:
36-6104969
Name of Bond End of Year Book Value End of Year Fair Market Value
BESSERMER SWEEP PROGRAM (8M6422) 96,971 96,971
OW FIXED INCOME FUND (OWFIX) 3,492,790 3,268,327
BESSEMER SWEEP PROGRAM (NN00X4) 23,344 23,344

TY 2023 InvestmentsCorpStockSchedule
Name:
THE HBB FOUNDATION
EIN:
36-6104969
Name of Stock End of Year Book Value End of Year Fair Market Value
IBEX ISRAEL FUND FKA LAZARUS ISRAEL 1,105,782 1,105,782
ARROWMARK GLOBAL FUND 609,722 609,722
OW CREDIT INCOME FUND (OWCIX) 925,000 751,678
ALPHABET INC CLASS C (GOOG) 27,867 117,817
META PLATFORMS INC (META) 42,261 75,747
TAKE-2 INTERACTIVE (TTWO) 41,416 51,986
AMAZON.COM INC (AMZN) 42,353 126,262
AUTOZONE INC (AZO) 25,596 25,856
BATH & BODY WORKS INC (BBWI) 12,177 11,653
LOWES COS INC (LOW) 35,167 36,720
WALMART INC (WMT) 44,462 47,452
HILTON WORLDWIDE HOLDINGS (HLT) 23,252 43,883
MERCADOLIBRE INC (MELI) 30,890 37,716
COSTCO WHSL CORP NEW (COST) 25,363 34,324
CONOCOPHILLIPS (COP) 13,920 43,178
PIONEER NATURAL RESOURCES (PXD) 19,056 25,411
SCHLUMBERGER LTD (SLB) 61,285 59,325
AON PLC (AON) 26,891 28,810
BANK OF AMERICA CORP (BAC) 56,244 65,656
BLACKSTONE INC (BX) 12,122 30,504
BROOKFIELD ASSET MANAGEMENT (BN) 23,610 23,349
INTERCONTINENTAL EXCHG INC (ICE) 52,195 64,215
JPMORGAN CHASE & CO (JPM) 61,113 69,400
CENCORA INC (COR) 53,773 66,543
S&P GLOBAL INC. (SPGI) 33,482 48,457
MARVELL TECHNOLOGY INC (MRVL) 31,471 40,709
DANAHER CORP (DHR) 21,937 46,036
HEALTH CARE SELECT SPDR (XLV) 40,311 40,232
IQVIA HOLDINGS INC (IQV) 33,011 51,597
THERMO FISHER SCIENTIFIC (TMO) 16,487 47,771
UNITEDHEALTH GROUP INC (UNH) 48,222 90,026
SHERWIN WILLIAMS CO (SHW) 33,858 44,289
COPART INC (CPRT) 31,648 55,860
EATON CORP PLC (ETN) 21,393 36,363
HOWMET AEROSPACE INC (NWM) 37,003 55,743
NORTHROP GRUMMAN CORP (NOC) 32,614 39,791
TRANSUNION (TRU) 57,538 57,372
GARTNER INC CL A (IT) 39,603 48,268
APPLE INC (AAPL) 26,535 181,363
MICROSOFT CORP (MSFT) 38,740 229,008
MOTOROLA SOLUTIONS INC (MSI) 52,341 63,557
NVIDIA CORP (NVDA) 42,865 80,720
ORACLE CORP (ORCL) 48,871 62,098
SERVICENOW INC (NOW) 7,185 29,672
VISA INC (V) 53,251 128,092
CRH PLC (CRH) 14,493 14,523
VULCAN MATERIALS (VMC) 25,358 32,916
PROLOGIS INC (PLD) 58,918 57,585
AMEREN CORP (AEE) 35,433 36,893
NEXTERA ENERGY INC (NEE) 40,474 32,252
ALIMENTATION COUCHE-TARD I 56,960 67,633
ASHTEAD GROUP 28,223 29,910
LVMH MOET HENNESSY VUITTON 18,623 32,425
CONSTELLATION SOFTWARE 14,680 14,921
CANADIAN PACIFIC RAILWAY L 41,885 43,650
ASML HOLDING 30,765 48,209
ISHARES CHINA LRGE-CAP ETF (FXI) 27,618 19,368
OW LARGE CAP STRATEGIES FD (OWLSX) 3,320,038 4,615,874
LIVE NATION ENTERTMNT INC (LYV) 12,337 14,976
DOLLARAMA INC 13,364 33,613
EXPEDIA GROUP INC (EXPE) 31,146 32,786
POOL CORP (POOL) 16,069 17,543
BJ'S WHOLESALE CLUB HOLDING (BJ) 27,874 29,397
US FOODS HOLDING CORP (USFD) 19,188 30,878
CHAMPIONX CORP (CHX) 15,446 14,867
NASDAQ INC. (NDAQ) 9,670 20,290
RYAN SPECIALTY HOLDINGS INC (RYAN) 9,714 9,894
TRADEWEB MARKETS INC (TW) 19,100 25,809
AVANTOR INC (AVTR) 28,025 24,656
COOPER COS INC (COO) 17,578 28,761
MEDPACE HOLDINGS (MEDP) 16,316 18,391
STERIS PLC (STE) 16,155 30,998
TELEFLEX INC (TFX) 14,766 13,713
BOOZ ALLEN HAMILTON HLDGS (BAH) 18,229 22,640
CARLISLE COS (CSL) 19,269 30,618
ULTA BEAUTY INC (ULTA) 23,265 26,459
CLEAN HARBORS INC (CLH) 20,323 26,351
EQUIFAX INC (EFX) 20,521 35,115
LINCOLN ELEC HLDG (LECO) 10,656 17,831
SAIA INC COM (SAIA) 9,203 19,281
SMITH A O CORP (AOS) 6,082 13,437
WILLSCOT MOBILE MINI HOLDING (WSC) 30,408 28,836
ASM INTERNATIONAL NV 13,082 19,213
CDW CORP/DE (CDW) 13,059 27,960
KEYSIGHT TECHNOLOGIES INC (KEYS) 27,058 27,204
MANHATTAN ASSOCIATES INC (MANH) 15,874 18,517
NICE LTD ADR (NICE) 26,121 29,327
WEX INC (WEX) 14,940 21,011
OW SMALL & MIDCAP STRAT FD (OWSMX) 1,700,678 1,700,513
ALPHABET INC CLASS C (GOOG) 10,280 14,093
COMCAST CORP CL A NEW (CMCSA) 14,444 17,101
VERIZON COMMUNICATIONS (VZ) 24,532 17,342
AMAZON.COM INC (AMZN) 15,133 22,791
CHIPOTLE MEXICAN GRILL (CMG) 14,137 18,295
HILTON WORLDWIDE HOLDINGS (HLT) 10,902 16,388
HOME DEPOT (HD) 31,711 36,387
LOWES COS INC (LOW) 23,616 27,818
LVMH MOET HENNESSY VUITTON 16,335 19,455
DOLLARAMA INC 18,808 20,240
COCA-COLA COMPANY (KO) 29,378 32,116
PEPSICO INC (PEP) 20,898 26,664
BANK OF AMERICA CORP (BAC) 24,047 21,885
HDFC BANK LTD ADR REPS3 (HDB) 23,348 19,797
JPMORGAN CHASE & CO (JPM) 26,251 32,319
ING GROEP NV 16,052 18,682
LONDON STOCK EXCHANGE 21,053 25,982
METLIFE INC COM (MET) 15,236 16,532
PRUDENTIAL FINANCIAL (PRU) 18,012 17,630
S&P GLOBAL INC. (SPGI) 8,616 11,453
TRUIST FINANCIAL CORP (TFC) 19,750 12,922
ABBVIE INC (ABBV) 20,425 20,920
AGILENT TECHNOLOGIES (A) 20,839 26,137
ASTRAZENECA PLC 9,924 12,149
CSL 19,230 21,487
LILLY ELI & CO (LLY) 18,308 18,070
MERCK & CO INC NEW (MRK) 19,132 23,984
QUEST DIAGNOSITCS INC (DGX) 17,988 22,060
STERIS PLC (STE) 17,270 15,169
TELEFLEX INC (TFX) 18,600 15,708
UNITEDHEALTH GROUP INC (UNH) 15,568 23,164
ZOETIS INC (ZTS) 21,368 26,644
CATERPILLAR INC (CAT) 19,787 27,201
DEERE & CO (DE) 15,922 17,594
EQUIFAX INC (EFX) 20,065 21,266
QUANTA SERVICES INC (PWR) 12,529 14,027
SIEMENS AG AKTIEN 17,386 18,734
APPLE INC (AAPL) 36,080 67,578
ASML HOLDING 23,676 29,377
BROADCOM INC (AVGO) 12,797 15,627
AUTOMATIC DATA PROCESSING (ADP) 19,775 23,995
CADENCE DESIGN SYSTEMS INC (CDNS) 13,325 29,143
GARTNER INC CL A (IT) 13,232 13,533
KEYSIGHT TECHNOLOGIES INC (KEYS) 13,287 15,113
MASTERCARD CL A (MA) 30,835 36,253
MICROSOFT CORP (MSFT) 34,409 96,642
MOTOROLA SOLUTIONS INC (MSI) 16,220 26,925
NVIDIA CORP (NVDA) 15,513 59,426
PALO ALTO NETWORKS INC (PANW) 13,283 13,269
SERVICENOW INC (NOW) 14,768 21,194
TEXAS INSTRUMENTS INC (TXN) 10,447 15,852
VISA INC (V) 13,942 16,922
WEX INC (WEX) 15,324 21,400
CORTEVA INC (CTVA) 11,515 8,865
LINDE PLC (LIN) 19,396 28,338
AMERICAN TOWER CORP (AMT) 22,929 20,508
SIMON PROP GROUP (SPG) 13,238 14,264
NEXTERA ENERGY INC (NEE) 23,914 19,436

TY 2023 LegalFeesSchedule
Name:
THE HBB FOUNDATION
EIN:
36-6104969
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 1,270 1,270   0


TY 2023 OtherExpensesSchedule
Name:
THE HBB FOUNDATION
EIN:
36-6104969
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSES 2,617 0   2,617
IL FILING FEES 15 0   15
INSURANCE 1,115 0   1,115
PENALTY 100 0   0


TY 2023 OtherIncomeSchedule2
Name:
THE HBB FOUNDATION
EIN:
36-6104969
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
COAL ROYALTIES 14,400 14,400 14,400
IBEX ISRAEL OTHER INCOME 66 66 66
ARROWMARK OTHER INCOME -346 -346 -346
BESSEMER OTHER INCOME 223 223 223
FEDERAL TAX REFUND 12,257 12,257 12,257


TY 2023 OtherIncreasesSchedule
Name:
THE HBB FOUNDATION
EIN:
36-6104969
Description Amount
ADJUSTMENT TO IBEX BEGINNING BALANCE ON K-1 1,852


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

TY 2023 OtherNotesLoansRcvblLongSch
Name:
THE HBB FOUNDATION
EIN:
36-6104969

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
BUTTERFLY PAVILION   50,000 50,000 2023-10 2028-10 5 YEARS, WITH ANNUAL PAYMENTS DUE ON OCTOBER 30 376.0000000000 % ORGANIZATIONAL FINANCIAL BOTTOM LINE     0

TY 2023 OtherProfessionalFeesSchedule
Name:
THE HBB FOUNDATION
EIN:
36-6104969
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES - IBEX ISRAEL FUND 27,188 27,188   0
INVESTMENT MANAGEMENT FEES - BESSEMER 34,841 34,841   0
INVESTMENT MANAGEMENT FEES - ARROWMARK GLOBAL OPP. 12,963 12,963   0
IBEX ISRAEL ADMIN FEES 1,402 1,402   0
INVESTMENT MANAGEMENT FEES - BESSEMER JFG 14,396 7,198   7,198


TY 2023 TaxesSchedule
Name:
THE HBB FOUNDATION
EIN:
36-6104969
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REAL ESTATE TAXES MINERAL RIGHTS 152 152   0
FEDERAL TAX EXPENSE 0 0   0
FOREIGN TAXES PAID 4,280 4,280   0