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
SETHNESS ARNOLD FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)180 NORTH STETSON AVENUE 1940
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60601

A Employer identification number

83-2099072

B Telephone number (see instructions)

(312) 819-4060

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$2,491,526J 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)
2	Check .............
3	Interest on savings and temporary cash investments	30		30
4	Dividends and interest from securities...	64,917		64,917
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		32,700
b	Gross sales price for all assets on line 6a 1,148,942
7	Capital gain net income (from Part IV, line 2)...			32,700
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).......
12	Total. Add lines 1 through 11........	97,647		97,647
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	3,390
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	17,917	17,917
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	1,156
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	22,463		17,917	0
25	Contributions, gifts, grants paid.......	131,535			131,535
26	Total expenses and disbursements. Add lines 24 and 25	153,998		17,917	131,535
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-56,351
b	Net investment income (if negative, enter -0-)			79,730
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.........	33,721	30,052	30,052
	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)	339,808	List of Attached Documents: // Content 283,427	283,521
	b	Investments—corporate stock (attach schedule).......	820,915	List of Attached Documents: // Content 743,124	981,654
	c	Investments—corporate bonds (attach schedule).......	297,653	List of Attached Documents: // Content 267,970	280,005
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	726,976	List of Attached Documents: // Content 838,149	916,294
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,219,073	2,162,722	2,491,526
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	2,219,073	2,162,722
	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........
	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).....	2,219,073	2,162,722
	30	Total liabilities and net assets/fund balances (see instructions).	2,219,073	2,162,722

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

2,219,073

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

-56,351

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

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

2,162,722

Decreases not included in line 2 (itemize) right arrow

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

2,162,722

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
1 a	PUBLICLY TRADED SECURITIES	P
b	Capital Gain Dividends
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,148,924	1,116,242	32,682
b			18
c
d
e

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			32,682
b
c
d
e

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	32,700
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	32,682

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	1,108
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
3	Add lines 1 and 2...........................	3	1,108
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,108
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	3,185
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,185
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
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	2,077
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax2,077	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

RANDALL ROMEI Telephone no. right arrow

(312) 819-4060

Located at right arrow

180 NORTH STETSON AVENUE 1940CHICAGOIL ZIP+4 right arrow

60601

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

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

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

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

16 No

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

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years right arrow

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2023)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
MARY S ARNOLD	VP/TREAS/DIR 0.20	0
PO BOX 239 MACATAWA,MI49434	VP/TREAS/DIR 0.20	0
JOSEPH C ARNOLD	PRES/DIR 0.20	0
8643 OLD DOMINION DRIVE MCLEAN,VA22102	PRES/DIR 0.20	0
RANDALL ROMEI	SECRETARY/DIR 0.20	0
180 N STETSON 1940 CHICAGO,IL60601	SECRETARY/DIR 0.20	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...................

Form 990-PF (2023)

Page 7

Part VII

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

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

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2023)

Page 8

Part IX

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

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

purposes:

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

2,386,789

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

32,968

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

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

2,419,757

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

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

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

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

2,419,757

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

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

36,296

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

2,383,461

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

119,173

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

119,173

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

1,108

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

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

1,108

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

118,065

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

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

118,065

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

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

118,065

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 ..........

131,535

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. .......

131,535

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2023
1 Distributable amount for 2023 from Part X, line 7			118,065
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......	12,941
d From 2021......	16,595
e From 2022......	11,972
f Total of lines 3a through e ........		41,508
4Qualifying distributions for 2023 from Part
XI, line 4: $ 131,535
a Applied to 2022, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....			118,065
e Remaining amount distributed out of corpus		13,470
5 Excess distributions carryover applied to 2023.
(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		54,978
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		54,978
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....	12,941
c Excess from 2021....	16,595
d Excess from 2022....	11,972
e Excess from 2023....	13,470

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).)

MARY S ARNOLD

JOSEPH C ARNOLD

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
BLUE RIDGE SCHOOL 273 MAYO DR SAINT GEORGE,VA22935		PC	UNRESTRICTED	30,000
WORCESTER PREPATORY SCHOOL PO BOX 1006 BERLIN,MD21811		PC	UNRESTRICTED	5,000
LAKE FOREST ACADEMY 1500 W KENNEDY RD LAKE FOREST,IL60045		PC	UNRESTRICTED	1,000
MISS HALLS SCHOOL 492 HOLMES RD PITTSFIELD,MA01201		PC	UNRESTRICTED	20,000
MADERA SCHOOL 8328 GEORGETOWN PIKE MCLEAN,VA22102		PC	UNRESTRICTED	500
AOG WEST POINT HERBERT HALL MILLS RD WEST POINT,NY10996		PC	UNRESTRICTED	40,000
BIG SHOULDERS FUND 212 W VAN BUREN SUITE 900 CHICAGO,IL60607		PC	UNRESTRICTED	500
FEEDING AMERICA 161 N CLARK ST SUITE 700 CHICAGO,IL60601		PC	UNRESTRICTED	500
NATIONAL MUSEUM UNITED STATES ARMY 1775 LIBERTY DRIVE FORT BELVOIR,VA22060		PC	UNRESTRICTED	500
CHICAGO CITY DAY SCHOOL 541 W HAWTHORNE PLACE CHICAGO,IL60657		PC	UNRESTRICTED	10,000
LOYOLA ACADEMY 1100 LARAMIE AVE WILMETTE,IL60091		PC	UNRESTRICTED	3,000
FURMAN UNIVERSITY 3300 POINSETT HIGHWAY GREENVILLE,SC29613		PC	UNRESTRICTED	5,000
ST IGNATIUS COLLEGE PREP 1076 W ROOSEVELT RD CHICAGO,IL60608		PC	UNRESTRICTED	5,000
CATCH A LIFT 2066 YORK RD STE 201 LUTHERVILLE,MD21093		PC	UNRESTRICTED	2,500
USO PO BOX 96860 WASHINGTON,DC20077		PC	UNRESTRICTED	500
COLONIAL WILLIAMSBURG FOUNDATION 401 S ENGLAND ST WILLIAMSBURG,VA23185		PC	FOLDS OF HONOR	1,000
LEUKEMIA LYMPHOMA SOCIETY 3 INTERNATIONAL DRIVE SUITE 200 RYE BROOK,NY10573		PC	UNRESTRICTED	1,025
ST JUDE CHILDREN'S RESEARCH HOSPITA 5501 N CUMBERLAND AVE 101 CHICAGO,IL60656		PC	UNRESTRICTED	510
626 LANDMARK FOUNDATION 626 N MICHIGAN AVE CHICAGO,IL60611		PC	UNRESTRICTED	5,000
Total ................................. 3a				131,535

bApproved for future payment

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

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	30
4 Dividends and interest from securities ....			14	64,917
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	32,700
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) ..				97,647

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

97,647

(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:	23017517
Software Version:	2023v5.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

23017517

Software Version:

2023v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION	3,390	0	0	0

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

23017517

Software Version:

2023v5.0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ACCRUED INTEREST		1,783
AT&T INC 1.7%	14,415	14,970
ORACLE CORP 1.65%	9,873	10,268
BANK OF AMERICA CORP 1.197%	14,231	14,864
GOLDMAN SACHS GROUP 1.431%	14,043	14,757
BANK OF AMERICA CORP 1.658%	14,114	14,808
BP CAPITAL MARKETS AMERICA INC 3.588%	9,589	9,713
JPMORGAN CHASE & CO 1.578%	8,851	9,232
CITIGROUP INC 1.462%	19,131	20,139
BP CAPITAL MARKETS PLC 3.279%	16,960	17,323
JPMORGAN CHASE & CO 1.47%	8,669	9,092
GOLDMAN SACHS GROUP 1.948%	13,996	14,649
PHILIP MORRIS INTERNATIONAL INC 5.125%
WELLS FARGO & CO 2.393%
EXXON MOBILE CORP 2.44%
AMGEN INC 2.45%	7,672	7,982
METLIFE INC 4.55%	14,912	15,115
ORACLE CORP 2.95%	4,307	4,515
EQUINOR ASA 3.125%	5,443	5,653
SHELL INTERNATIONAL FINANCE BV 2.75%	18,582	19,198
EQUINOR ASA 2.375%	12,877	13,425
ASTRAZENECA PLC 1.375%	11,961	12,502
BLACKROCK INC 1.9%	8,973	9,291
AT&T INC 2.25%	4,731	4,958
GOLDMAN SACHS GROUP 2.383%	3,906	4,109
CITIGROUP INC 2.52%	7,078	7,426
JPMORGAN CHASE & CO 2.545%	7,989	8,358
US BANCORP 2.677%	15,667	15,875
EXXON MOBILE CORP 4.327%

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

23017517

Software Version:

2023v5.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADOBE INC	6,492	12,825
ALCON INC	7,386	9,531
AMAZON COM INC	13,404	22,639
AMERIPRISE FINCL INC	2,312	7,173
AMGEN INC	5,592	7,711
ANSYS INC	5,973	7,719
APPLE INC	6,917	18,255
APTIV PLC	2,131	2,319
ASML HOLDING NV	2,356	4,389
ATLASSIAN CORP	2,146	2,711
CAPITAL ONE FINANCIAL CORP	3,261	6,135
CINCINNATI FINANCIAL OHIO
COCA COLA CO	4,787	5,071
COMMERCE BANCSHARES	2,889	2,648
CORTEVA INC	4,809	6,757
CULLEN FROST BANKERS INC	2,942	3,752
DANAHER CORP	3,813	6,073
ECOLAB INC	6,272	8,559
EQUINIX INC	2,255	3,621
EQUITY LIFESTYLE PROPERTIES	3,832	4,226
META PLATFORMS INC CL A	7,377	13,518
GENL DYNAMICS CORP	2,954	4,669
LENNAR CORP	2,103	8,071
MARTIN MARIETTA MATERIALS	3,467	7,366
MEDTRONIC PLC	11,174	10,050
MICHELIN COMPAGNIE GENERAL DE	3,939	4,948
MICROCHIP TECHNOLOGY	3,242	7,206
MICROSFT CORP	21,024	51,894
MITSUBISHI UFJ FINCL GRP	1,885	3,530
MONSTER BEVERAGE CORP	2,513	3,957
NVIDIA CORP	5,342	15,167
PALO ALTO NETWORKS INC	3,800	9,522
PARKER HANNIFIN CORP	2,600	8,422
PAYPAL HOLDINGS INC	4,406	2,790
PHILLIPS 66 COM
PNC FINL SVCS	3,569	4,722
PROCTER & GAMBLE	7,684	8,256
QUALCOMM INC	6,408	11,228
R P M INC	4,801	8,105
RTX CORPORATION	2,251	2,689
SALESFORCE.COM INC	5,067	8,541
SONY GROUP CORP	7,865	9,848
SPLUNK INC	630	1,330
THERMO FISHER SCIENTIFIC	4,032	6,149
UBER TECHNOLOGIES INC	2,315	4,276
UNITED PARCEL SERVICE INC CL-B	1,973	2,857
UNITEDHEALTH GP INC	6,678	14,655
VISA INC CL A	13,726	20,585
WW GRAINGER INC	2,439	5,031
WALT DISNEY CO HLDG	3,689	3,813
WORKDAY INC CL A	2,823	3,460
XYLEM INC	3,653	5,325
ZOETIS INC CLASS-A	2,385	3,915
CONSTELLATION BRANDS INC CL A	4,257	4,371
COTERRA ENERGY INC	2,943	4,823
CROWN CASTLE INTL CORP	12,795	11,016
DEXCOM INC
EATON CORP PLC	5,583	8,665
HONEYWELL INTL INC	12,016	12,544
INTUITIVE SURGICAL INC	4,066	4,490
NETFLIX INC	8,344	10,783
NIKE INC B	2,763	3,154
SEA LIMITED ADR
TRACTOR SUPPLY CO
ABBVIE INC	1,580	1,653
ACADIA HEALTHCARE COMPANY	2,219	2,063
ACCENTURE PLC
AGREE REALTY CORP	1,978	1,778
AIR PROD & CHEM INC	4,860	4,950
ALPHABET INC	3,388	5,315
APOLLO GLOBAL MGMT INC
APTARGROUP	1,064	1,236
ARTISAN PARTNERS ASSET MGMT
AT&T INC
ATKORE INC	2,030	2,720
ATLANTIC UN BANKSHARES CORP	1,826	1,900
ATMOS ENERGY	5,468	5,755
AUTODESK INC	4,646	5,874
AZENTA INC	1,877	2,475
BANK OF AMERICA CORP	10,790	11,448
BERKSHIRE HATHAWAY CL B	2,300	2,690
BIORAD LAB A	2,167	1,788
BJS WHSL CLUB HLDGS INC	3,501	3,400
BLACKROCK INC	9,851	12,009
BLACKSTONE INC	6,024	6,882
BOOKING HOLDINGS INC	2,794	5,037
BOOZ ALLEN HAMILTON HLDG CL-A	2,854	3,440
BRIGHT HORIZONS FAMILY SOLUT	1,669	2,145
BROADCOM INC	4,267	8,770
BURLINGTON STORES	2,020	2,018
CARTER'S	909	974
CATALENT INC	1,177	1,123
CAVCO INDUSTRIES INC	2,139	3,120
CHAMPIONX CORPORATION	1,100	1,110
CHARLES SCHWAB NEW	3,384	3,018
CHEVRON CORP	11,487	9,911
COGNEX CORP	2,827	2,538
COLUMBUS MCKINNON CORP	1,293	1,600
COMFORT SYSTEMS USA INC	1,941	3,328
CYBERARK SOFTWARE	2,278	3,577
DIAGEO PLC	3,902	3,162
DORMAN PRODUCTS, INC	1,867	1,835
EAGLE MATERIALS INC	1,919	2,930
EASTERLY GOVT PPTYS INC	1,519	1,384
EASTGROUP PROPERTIES INC	1,658	2,019
ELEMENT SOLUTIONS INC	2,269	2,800
ENTEGRIS INC	1,896	3,204
ESTEE LAUDER CO INC CL A	3,979	3,341
EXPONENT INC	2,217	1,969
EXXON MOBILE CORP	7,023	7,390
FEDERAL SIGNAL CORP	1,655	2,723
FIVE BELOW	2,035	2,446
FOMENTO ECONOMICO MEXICANO	3,137	5,142
GATES INDUSTRIAL CORP PLC	1,496	1,798
GEOTHERM INC	1,657	1,204
GIBRALTER INDUSTRIES INC	1,293	2,136
GLACIER BANCORP INC	1,828	1,494
GLOBANT S.A.	2,335	3,268
GLOBUS MEDICAL INC A	2,558	2,038
GRAND CANYON ED INC	1,251	1,534
HALOZYME THERAPEUTICS INC	2,543	1,796
HDFC BANK LTD	2,415	2,427
HEXCEL CORP	1,685	2,139
HOLOGIC INC	2,012	1,964
HOME DEPOT INC	6,401	7,064
HORIZON THERAPEUTICS PUB LTD
HUBSPOT INC
IDACORP INC	2,126	1,966
INGERSOLL RAND INC
INTEGER HOLDINGS CORP	1,839	2,563
INTEL CORP	1,936	2,502
INTL BUSINESS MACHINES
INTRA-CELLULAR THERAPIES INC	2,041	2,734
JAZZ PHARMACEUTICALS PLC	2,512	2,091
JOHNSON & JOHNSON	4,578	4,099
JPMORGAN CHASE & CO	12,527	16,800
KINSALE CAP GROUP INC	2,570	3,014
KRISPY CREME INC	785	860
LANCASTER COLONY CRP	2,279	1,906
LINCOLN ELEC HLDGS INC	1,688	2,566
LITHIA MOTORS INC	1,967	2,925
MAGNOLIA OIL & GAS CORP CL A	1,776	1,620
MANHATTAN ASOC INC	1,527	2,807
MARAVAI LIFE SCIENCES HOLDINGS
MARKETAXESS HOLDINGS INC	1,458	1,531
MARSH & MCLENNAN COS INC	3,199	3,596
MERCK & CO	8,369	9,298
MOLINA HEALTHCARE INC	919	988
NATIONAL STORAGE AFFILIATES TR	1,266	1,421
NEUROCRINE BIOSCIENCES	2,560	2,847
NEXTERA ENERGY	6,336	5,342
NORDSON CP	2,810	3,170
NORTHROP GRUMMAN CP	8,031	7,499
NOVARTIS AG	2,516	2,954
NOVO NORDISK	2,974	4,608
OSHKOSH CORP	3,996	3,888
OVINTIV INC	1,663	1,449
PAYLOCITY HOLDING CORP	2,718	2,308
PEPSICO INC
PERFORMANCE FOOD GROUP	2,684	3,112
PFIZER INC	3,932	2,274
PHYSICIANSS REALTY TRUST	1,014	912
PINNACLE FINCL PARTNERS INC	2,639	3,140
PIPER SANDLER COMPANIES	2,162	2,786
POLARIS INC	1,944	1,706
PORTLAND GENERAL ELEC CO	1,891	1,741
POWER INTEGRATIONS INC
PROLOGIS INC	6,908	7,918
PROPETRO HOLDING CORP
QUAKER HOUGHTON	2,186	2,719
RAPID7 INC	840	1,484
RBC BEARINGS INC	2,775	3,703
REALTY INCOME CORP
S&P GLOBAL INC	4,813	8,072
SAP AG	4,225	6,314
SCHNEIDER NATIONAL INC CL B	3,486	3,665
SENSATA TECHNOLOGIES HLDG PLC
SHERWIN WILLIAMS COMPANY	10,858	13,693
SIGNATURE BANK NY
SILICON LAB INC	1,935	1,852
SM ENERGY COMPANY	991	1,045
STRYKER CORP	2,750	3,583
SUMMIT HOTEL PROPERTIES INC
SUN COMMUNITIES INC	2,472	2,368
SYNEOS HEALTH INC CL A
SYSCO CORP	5,122	4,534
TAIWAN SEMICONDUCTOR MFG CO	2,995	4,166
TESLA INC	1,996	2,352
TEXAS ROADHOUSE INC CL A	2,725	3,511
TORO CO	2,371	2,102
UBS GROUP AG	5,055	8,405
UNITY SOFTWARE INC
VAIL RESORTS	1,596	1,393
VALERO ENERGY CP
VERICEL CORP	844	1,318
VERIZON COMMUNICATIONS	8,280	8,030
VOYA FINL INC	2,954	3,463
WALMART INC	2,178	2,483
WESTERN ALLIANCE BANCORP
XCEL ENERGY INC	4,861	4,638
ZEBRA TECH CL-A	1,696	1,867
ARCHER DANIELS MIDLAND	2,913	2,499
ASTRAZENECA PLC	2,637	2,462
CCC INTELLIGENT SOLUTIONS	2,189	2,096
CHART INDS INC	1,349	1,136
CME GROUP INC	4,154	4,218
COLGATE PALMOLIVE	5,449	5,831
CORNING INC	6,191	5,359
ELI LILLY & CO	1,881	2,686
IDEX CORPORATION	2,461	2,501
INTERCONTINANTAL EXCHANGE INC	1,118	1,330
INTUIT INC	2,530	3,335
ITT INC	1,804	2,474
LOWES COMPANIES	4,712	5,006
MACOM TECHNOLOGY SOLUTIONS	1,189	1,952
MATADOR RES CO	1,832	1,706
MERCADOLOBRE INC	2,046	2,387
PROCORE TECHNOLOGIES	1,736	2,037
REPUBLIC SERVICES	3,952	4,947
SEMPRA	3,665	3,711
STIFEL FINANCIAL CORPORATION	1,598	1,845
T-MOBILE US INC	4,009	4,550
TANDEM DIABETES CARE INC	1,279	1,598
TARGET CORPORATION	3,162	3,822
TELEDYNE TECH INC	3,525	3,737
THE CIGNA GROUP	3,977	4,492
US BANCORP COM	4,141	5,410
UNION PACIFIC CORP	2,910	3,235
VERALTO CORP	459	658
WINTRUST FIN CORP	1,704	2,226

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

23017517

Software Version:

2023v5.0

US Government Securities - End of Year Book Value:

283,427

US Government Securities - End of Year Fair Market Value:

283,521

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

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

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

23017517

Software Version:

2023v5.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ISHARES EDGE MSCI MIN VOL EAFE	AT COST
ISHARES EDGE MSCI MIN VOL USA	AT COST	79,644	119,776
VANGUARD GROWTH ETF	AT COST	27,505	48,497
VANGUARD HIGH DIV YIELD ETF	AT COST	32,737	46,773
COHEN & STEERS PREF SEC&INC	AT COST	79,747	71,615
PIMCO INCOME I2	AT COST	103,311	94,661
INVESCO S&P PURE VALUE RTF	AT COST
ISHARES MSCI CANADA ETF	AT COST
ISHARES MSCI CHINA ETF	AT COST	4,256	3,992
ISHARES MSCI FRANCE ETF	AT COST
ISHARES SOUTH KOREA ETF	AT COST	3,467	3,998
SPDR S&P REGIONAL BANKING ETF	AT COST
FEDERATED HERMES CORP BD STRGY	AT COST	53,698	55,556
FEDERATED HERMES HI YLD STRGY	AT COST	9,726	10,252
FEDERATED HERMES INTL BD STRGY	AT COST	9,738	10,011
FEDERATED HERMES MTG STRATEGY	AT COST	334,814	341,840
ISHARES INC MSCI JAPAN ETF	AT COST	7,543	8,274
ISHARES MSCI INDIA ETF	AT COST	4,007	4,698
SPDR BLOOMBERG 1-3 MONTH T-B	AT COST	3,444	3,432
VANGUARD MEGA CAP GROWTH ETF	AT COST	43,589	48,269
VANGUARD TTL WORLD STK INDX	AT COST	40,923	44,650

- TIN:

TY 2023 OtherExpensesSchedule

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

23017517

Software Version:

2023v5.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BOOK-TAX TIMING DIFFERENCES	-275
FEDERAL EXCISE TAX	1,431

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

23017517

Software Version:

2023v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT EXPENSES	17,917	17,917	0	0