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
FIRST CITIZENS CHARITABLE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)2601 4TH STREET SW PO BOX 1708
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MASON CITY, IA504021708
A Employer identification number

42-1451615
B Telephone number (see instructions)

(641) 423-1600
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$1,921,819J 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) 437,796
2 Check right arrow.............
3 Interest on savings and temporary cash investments 3,982 3,982  
4 Dividends and interest from securities... 40,939 40,939  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 186,629
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0    
12 Total. Add lines 1 through 11........ 482,717 231,550 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,000 5,000   5,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,040 520 0 520
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,797 3,797 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 0      
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 0      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 14,837 9,317 0 5,520
25 Contributions, gifts, grants paid....... 376,050 376,050
26 Total expenses and disbursements. Add lines 24 and 25 390,887 9,317 0 381,570
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 91,830
b Net investment income (if negative, enter -0-) 222,233
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 10,053    
2 Savings and temporary cash investments......... 13,185 102,926 102,926
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).....   0  
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 82,317 Click to see attachment
List of Attached Documents:
// Content
211,437 		499,598
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,105,994 Click to see attachment
List of Attached Documents:
// Content
1,174,775 		1,319,295
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,211,549 1,489,138 1,921,819
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe right arrow) 0 0
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund 1,211,549 1,489,138
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,211,549 1,489,138
30 Total liabilities and net assets/fund balances (see instructions). 1,211,549 1,489,138
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
1,211,549
2
Enter amount from Part I, line 27a .....................
2
91,830
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
187,267
4
Add lines 1, 2, and 3 ..........................
4
1,490,646
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,508
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,489,138
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 ISHARE S&P SMALLCAP 600 BARRA VALUE IND P 2014-03-24 2023-06-20
b ISHARE S&P SMALLCAP 600 BARRA VALUE IND P 2013-03-06 2023-06-20
c ISHARE S&P SMALLCAP 600 BARRA VALUE IND P 2013-01-30 2023-06-20
d ISHARE S&P SMALLCAP 600 BARRA VALUE IND P 2002-03-18 2023-06-20
e I SHARE S&P SMALLCAP 600 GROWTH INDEX P 2014-03-24 2023-06-20
I SHARE S&P SMALLCAP 600 GROWTH INDEX P 2013-03-06 2023-06-20
I SHARE S&P SMALLCAP 600 GROWTH INDEX P 2013-01-30 2023-06-20
I SHARE S&P SMALLCAP 600 GROWTH INDEX P 2002-03-18 2023-06-20
GOLDMAN SACHS GROUP INC P 2017-03-23 2023-06-20
JP MORGAN CHASE & CO COM P 2017-03-23 2023-06-20
FEDERATED HERMES STRATEGIC VAL DIV INSTL P 2023-01-18 2023-06-16
ISHARES DJ US REAL ESTATE P 2013-03-06 2023-06-20
ISHARE MSCI EAFE FUND P 2011-01-28 2023-06-20
ISHARE DOW JONES HEALTHCARE P 2020-02-13 2023-06-20
ISHARE DOW JONES ENERGY P 2023-01-18 2023-06-20
JP MORGAN EXCHANGE TRADED FD ULTRA SHRT INC P 2022-04-18 2023-06-20
ETF VANGUARD EMERGING MARKETS P 2011-02-03 2023-06-20
VANGUARD TOTAL STOCK MKT INDEX P 2022-04-18 2023-01-17
COHEN & STEERS PREFERRED SECURITIES & INCOME FD P 2020-02-13 2023-01-17
BERKSHIRE HATHAWAY INC CL B P 2012-12-05 2023-12-04
ISHARE DOW JONES CONSUMER DISCRETIONARY ETF P 2020-02-13 2023-12-04
ISHARE DOW JONES UTILITIES P 2020-02-13 2023-12-04
ISHARE DOW JONES TECH P 2020-02-13 2023-12-04
ISHARE DOW JONES HEALTHCARE P 2020-02-13 2023-12-04
ISHARE DOW JONES FINANCIAL SECTOR P 2020-02-13 2023-12-04
ISHARE DOW JONES ENERGY P 2023-01-18 2023-12-04
(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 9,414 0 5,667 3,747
b 3,766 0 1,758 2,008
c 4,707 0 2,137 2,570
d 15,063 0 3,710 11,353
e 9,684 0 5,077 4,607
3,418 0 1,379 2,039
5,697 0 2,237 3,460
3,988 0 693 3,295
256,785 0 185,334 71,451
149,882 0 114,123 35,759
93,174 0 100,000 -6,826
69,095 0 58,760 10,335
220,423 0 192,907 27,516
20,285 0 18,592 1,693
20,208 0 22,430 -2,222
65,069 0 65,300 -231
51,195 0 53,533 -2,338
190,672 0 210,000 -19,328
8,378 0 10,000 -1,622
30,546 0 9,218 21,328
19,950 0 19,206 744
5,012 0 5,409 -397
49,566 0 34,873 14,693
19,925 0 18,592 1,333
30,122 0 27,972 2,150
7,067 0 7,555 -488
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 0 0 0 3,747
b 0 0 0 2,008
c 0 0 0 2,570
d 0 0 0 11,353
e 0 0 0 4,607
0 0 0 2,039
0 0 0 3,460
0 0 0 3,295
0 0 0 71,451
0 0 0 35,759
0 0 0 -6,826
0 0 0 10,335
0 0 0 27,516
0 0 0 1,693
0 0 0 -2,222
0 0 0 -231
0 0 0 -2,338
0 0 0 -19,328
0 0 0 -1,622
0 0 0 21,328
0 0 0 744
0 0 0 -397
0 0 0 14,693
0 0 0 1,333
0 0 0 2,150
0 0 0 -488
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 2 186,629
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 -28,864
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 3,089
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 3,089
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 3,089
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 969
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Original Return Overpayment : -3969 7 3,969
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 880
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow880 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
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 arrow
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 arrowFIRST CITIZENS TRUST COMPANY Telephone no.right arrow (641) 422-1600

Located atright arrow2601 4TH STREET SWMASON CITYIA ZIP+4right arrow50401
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
 
 
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
PATRICIA A TOMSON EXEC DIRECTOR
2.00 		10,000 0 0
PO BOX 1708
MASON CITY,IA50402
O JAY TOMSON PRESIDENT
1.00 		0 0 0
PO BOX 1708
MASON CITY,IA50402
ROBERT KLOCKE DIRECTOR
1.00 		0 0 0
3 CREEKSIDE CT
MASON CITY,IA50401
CATHERINE ROTTINGHAUS DIRECTOR
1.00 		0 0 0
300 MAIN ST
CHARLES CITY,IA50616
MARTI RODAMAKER VICE PRESIDENT
1.00 		0 0 0
PO BOX 1708
MASON CITY,IA50402
JOLEEN FLEMING DIRECTOR
1.00 		0 0 0
2601 4TH ST SW
MASON CITY,IA50402
AMY NELSON SECRETARY
1.00 		0 0 0
2601 4TH ST SW
MASON CITY,IA50402
BRAD DUMMETT TREASURER
1.00 		0 0 0
2601 4TH ST SW
MASON CITY,IA50402
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 GRANTS PAID TO NONPROFIT ORGANIZATIONS THAT MEET ESTABLSIHED CRITERIA. SEE LISTING ON PAGE 11, PART XV. 376,050
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 NONE 0
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
1,433,099
b
Average of monthly cash balances.......................
1b
68,277
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,501,376
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
 
3
Subtract line 2 from line 1d.........................
3
1,501,376
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
22,521
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,478,855
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
73,943
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
73,943
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,089
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,089
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
70,854
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
70,854
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
70,854
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
381,570
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
381,570
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 70,854
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...... 416,387
b From 2019...... 364,587
c From 2020...... 379,905
d From 2021...... 445,450
e From 2022...... 251,917
f Total of lines 3a through e ........ 1,858,246
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 381,570
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.....  
e Remaining amount distributed out of corpus 381,570
5 Excess distributions carryover applied to 2023. 70,854 70,854
(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 2,168,962
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		345,533
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,823,429
10 Analysis of line 9:
a Excess from 2019.... 364,587
b Excess from 2020.... 379,905
c Excess from 2021.... 445,450
d Excess from 2022.... 251,917
e Excess from 2023.... 381,570
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NOT APPLICABLE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
PATRICIA A TOMSON
FIRST CITIZENS CHARITABLE FOUNDATIO
MASON CITY,IA50402
(641) 422-1600
bThe form in which applications should be submitted and information and materials they should include:
BUDGET, 501(c)3 IRS DETERMINATION LETTER, NAME & CONTACT INFO FOR BOARD OF DIRECTORS
cAny submission deadlines:
APPLICATIONS ARE REVIEWED JUNE 1 AND NOVEMBER 15
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE CRITERIA INCLUDED IN THE APPLICATION FORM ATTACHED.
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

43 NORTH IOWA

1225 S HARRISON AVE
MASON CITY,IA50401 		  PC IMPROVEMENTAL HEALTH SERVICES 20,000

BRITT PARKS AND RECREATION BOARD

170 MAIN AVENUE SOUTH
BRITT,IA50423 		  GOV SPORTSPRACTICE FIELDS 1,000

CARSON KING FOUNDATION

8130 SOUTH 104TH AVENUE WEST
PRARIE CITY,IA50228 		  PC SUPPORT 1,000

CHARLES CITY COMMUNITY FUND

PO BOX 356
CHARLES CITY,IA50616 		  PC SUPPORT 1,000

CHARLES CITY ARTS CENTER

301 N JACKSON ST
CHARLES CITY,IA50616 		  PC TOWN OF COLORSART-A-FEST 1,000

CHARLES H MACNIDER ART MUSEUM

303 2ND ST SE
MASON CITY,IA50401 		  PC SUPPORT 2,000

CHICKASAW COUNTY CONSERVATION BOARD

1811 240TH ST
IONIA,IA50645 		  GOV DOCK UPGRADES 2,000

CHICKASAW COUNTY SHERIFFS DEPARTMENT

116 N CHESTNUT AVE
NEW HAMPTON,IA50659 		  GOV COMMUNITY EDUCATIONTRAINING 5,000

CITY OF MASON CITY YOUTH TASK FORCE

308 S PENNSYLVANIA AVE
MASON CITY,IA50401 		  PC SUPPORT 1,100

CITY OF NEW HAMPTON

112 EAST SPRING STREET
NEW HAMPTON,IA50659 		  GOV TRAIL UPGRADES 2,500

CLEAR LAKE ARTS CENTER

17 S 4TH ST
CLEAR LAKE,IA50428 		  PC SUPPORT 1,000

CLEAR LAKE CLASSICAL INCORPORATED

1310 US-18
CLEAR LAKE,IA50428 		  PC CAPITAL IMPROVEMENTS 10,000

COLTS CORNER DAYCARE CENTER

315 4TH AVE NE
BELMOND,IA50421 		  PC ITEMS FOR AUTISTIC CHILDREN 2,500

COMMUNITY KITCHEN OF NORTH IOWA

606 N MONROE
MASON CITY,IA50401 		  GOV EVENING MEALPROGRAM 5,250

COMPREHENSIVE SYSTEMS INC

1700 CLARK STREET
CHARLES CITY,IA50616 		  PC AGING WHIRLPOOL 5,000

ELDERBRIDGE AGENCY ON AGING

1038 15TYH STREET NE
MASON CITY,IA50401 		  PC PROVIDE MATERIALAID TO LOW-INCOMESENIORS 10,000

FLOYD COUNTY FAIR SOCIETY

2516 7 MILE RD
CHARLES CITY,IA50616 		  PC MATCHING GIFT 1,000

FLOYD COUNTY HISTORICAL SOCIETY

500 GILBERT ST
CHARLES CITY,IA50616 		  PC CAPITALIMPROVEMENTS 1,000

FOOD BANK OF IOWA

2220 E 17TH ST
DES MOINES,IA50316 		  PC PROVIDE FOOD ASSISTANCE 2,500

FOUR OAKS FAMILY AND CHILDREN SERVICES

80 N EISENHOWER
MASON CITY,IA50401 		  PC EQUIPMENT 4,500

GIFT OF GIVING

2026 190TH ST
CLARION,IA50525 		  PC SUPPORT 5,000

GIRL SCOUTS OF GREATER IOWA INC

10715 HICKMAN RD
URBANDALE,IA50322 		  PC CAMP TANGLEFOOTCAPITALIMPROVEMENTS 5,000

GOOD SHEPHERD HEALTH CENTER INC

302 2ND ST NE
MASON CITY,IA50401 		  PC TELEPHONEREASSURANCEPROGRAM 1,000

GRACE CHURCH

440 N ILLINOIS AVE
MASON CITY,IA50401 		  PC NIGHT TO SHINE 2,000

GREATER IOWA YOUTH FOR CHRIST

2210 S FEDERAL
MASON CITY,IA50401 		  PC LITERACYPROGRAM 5,000

HABITAT FOR HUMMANITY

517 1ST ST NW
MASON CITY,IA50401 		  PC SUPPORT 3,000

HAWKEYE HARVEST FOOD BANK

122 S ADAMS AVE
MASON CITY,IA50401 		  PC SUPPORT 1,000

IOWA COLLEGE FOUNDATION

505 5TH AVE 1034
DES MOINES,IA50309 		  PC SCHOLARSHIPS 5,000

IOWA LEGAL AID

202 1ST ST SE SUITE 112
MASON CITY,IA50401 		  PC FREE LEGAL SERVICES FOR LOW-INCOMERESIDENTS 5,000

IOWA SPECIALTY HOSPITAL

215 13TH AVE SW
CLARION,IA50525 		  PC SCHOLARSHIPPROGRAM 7,000

JUNIOR ACHIEVEMENT OF EASTERN IOWA

324 3RD ST SE 200
CEDAR RAPIDS,IA52401 		  PC SUPPORT 2,500

KANAWHA COMMUNITY POOL

220 W 6TH ST
KANAWHA,IA50447 		  GOV SUPPORT 2,500

KANAWHA YOUTH ACTIVITY

220 N MAIN ST
KANWHA,IA50447 		  PC SUPPORT 2,500

KIWANIS DISTRICT FOUNDATION NEBRASKAIOWA

3130 S 27TH ST
LINCOLN,NE68502 		  PC TRAILER 8,500

LUTHERAN SERVICES OF IOWA

2502 S JEFFERSON
MASON CITY,IA50401 		  PC SUPPORT 2,000

MASON CITY FARMERS MARKET

1ST ST NORTHEAST
MASON CITY,IA50401 		  PC SUPPORT 1,000

MASON CITY CHAMBER OF COMMERCE

9 N FEDERAL AVE
MASON CITY,IA50401 		  PC CHILDCARE WORKS 10,000

MEALS ON WHEELS

606 N MONROE
MASON CITY,IA50401 		  PC SUPPORT 4,000

NEW HAMPTON POLICE DEPT

220 S LOCUST AVE
NEW HAMPTON,IA50659 		  PC PLAYGROUND 4,000

NEW HAMPTON SCHOOL DISTRICT

710 WEST MAIN ST
NEW HAMPTON,IA50659 		  GOV LIBRARY GRANT 2,500

NEWMAN CATHOLIC FOUNDATION

2449 19TH ST SW
MASON CITY,IA50401 		  PC CAPITALIMPROVEMENTS 26,000

NIACC FOUNDATION

500 COLLEGE DR
MASON CITY,IA50401 		  PC MATCHING GIFT 2,000

NIACC FOUNDATION

500 COLLEGE DR
MASON CITY,IA50401 		  PC SPONSORSHIPPERFORMING ARTS SERIES 3,950

NIACC FOUNDATION

500 COLLEGE DR
MASON CITY,IA50401 		  PC 3 SCHOLARSHIPS 3,000

NIACOG HOUSING TRUST FUND INC

525 6TH ST SW
MASON CITY,IA50401 		  PC HOUSING REPAIRPROGRAMS 5,000

CRISIS INTERVENTION SERVICE

206 3RD ST NE
MASON CITY,IA50401 		  PC SUPPORT 5,000

NORTH IOWA BAND FESTIVAL FOUNDATOIN

9 NORTH FEDERAL AVE
MASON CITY,IA50401 		  PC SUPPORT 5,000

NORTH IOWA AREA COMM COLLEGE

500 COLLGE DRIVE
MASON CITY,IA50401 		  PC CHARLES CITYCAREER CENTER 50,000

NORTH IOWA SOUTHERN MINNESOTA VETERAN STAND DOWN

1603 S MONROE AVE
MASON CITY,IA50401 		  PC SUPPORT 3,000

NORTHERN LIGHTS ALLIANCE FOR THE HOMELESS

202 1ST ST NW
MASON CITY,IA50401 		  PC MATCHINGGIFT 1,000

NORTHERN LIGHTS ALLIANCE FOR HOMELESS

202 1ST ST NW
MASON CITY,IA50401 		  PC PROVIDE SHELTERAND SERVICES FORTHE HOMELESS 15,000

NORTH IOWA FAIR ASSOCIATION

3700 4TH ST SW
MASON CITY,IA50401 		  PC NORTH IOWARECREATION ARENABUILDING 10,000

NORTHEAST IOWA FOOD BANK

1605 LAFAYETTE ST
WATERLOO,IA50703 		  PC SUPPORT 5,000

ON WITH LIFE INC

715 SW ANKENY ROAD
ANKENY,IA50023 		  PC MATCHING GIFT 1,000

ONE VISION

1200 N 9TH ST W
CLEAR LAKE,IA50428 		  PC SUPPORT 3,500

OUR DAILY BREAD FOOD PANTRY

201 9TH ST NE
ALTOONA,IA50009 		  PC MATCHING GIFT 1,000

PHEASANTS FOREVER

805 PENN BLVD
OSKALOOSA,IA52577 		  PC MATCHING GIFT 1,000

POST 733 VETERANS OF FOREIGN WARS

1603 S MONROE
MASON CITY,IA50401 		  PC REPAIR PROJECT 5,000

RUDD HISTORICAL SOCIETY

305 6TH ST
RUDD,IA50471 		  PC REBUILD MUSEUM 2,000

SUNBEAM CHRISTIAN CHILDCARE AND PRESCHOOL

419 N DELAWARE AVE
MASON CITY,IA50401 		  PC SUPPORT 1,000

THE CHORAL MUSIC GUILD

1700 4TH ST SE
MASON CITY,IA50401 		  PC CHOIR ROBE CASE 6,500

SALVATION ARMY OF NORTH IOWA

747 VILLAGE GREEN DR
MASON CITY,IA50401 		  PC MATCHING GIFT 1,000

SALVATION ARMY ADULT DAY HEALTH CENTER

747 VILLAGE GREEN DR
MASON CITY,IA50401 		  PC HANDS-ON ACTIVITIES 1,500

STEBENS CHILDREN'S THEATER

616 N DELAWARE
MASON CITY,IA50401 		  PC SUPPORT 1,000

THE LEARNING CENTER

201 5TH AVE SUITE 2
CHARLES CITY,IA50616 		  PC SUPPORT 5,000

THE MUSIC MAN SQUARE

308 S PENNSYLVANIA AVE
MASON CITY,IA50401 		  PC SUPPORT 1,000

THE WORLD PRIZE FOUNDATION

100 LOCUST STREET
DES MOINES,IA50309 		  PC SUPPORT 10,000

UNITED WAY OF NORTH CENTRAL IOWA

2911 4TH STREET SE
MASON CITY,IA50401 		  PC SUPPORT 5,000

WEST FORK FOOD PANTRY

106 GILMAN ST
SHEFFIELD,IA50475 		  PC SUPPORT 1,000

WRIGHT ON THE PARK

15 WEST STATE STREET
MASON CITY,IA50401 		  PC TECHNOLOGY UPGRADE 1,000

YMCA MASON CITY

1840 S MONROE AVE
MASON CITY,IA50401 		  PC MATCHING GIFT 1,750

YMCA MASON CITY

1840 S MONROE AVE
MASON CITY,IA50401 		  PC SCHOLARSHIP 15,000

YMCA MASON CITY

1840 S MONROE AVE
MASON CITY,IA50401 		  PC ROOF REPAIR 10,000

YSS FRANCIS LAUER

50 N EISENHOWER AVE
MASON CITY,IA50401 		  PC PROGRAM NEED 10,000
Total .................................right arrow 3a 376,050
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 3,982  
4 Dividends and interest from securities ....     14 40,939  
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 ............ 		         
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) ..   44,921  
13Total. Add line 12, columns (b), (d), and (e)..................
13
44,921
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  
Part VI Line 7 -Original Return Overpayment: -3,969


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
FIRST CITIZENS CHARITABLE FOUNDATION INC
 
Employer identification number

42-1451615
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
FIRST CITIZENS CHARITABLE FOUNDATION INC
  		Employer identification number
42-1451615
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
FIRST CITIZENS BANK
 
PO BOX 1708
 
MASON CITY, IA504021708

$ 437,796


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
FIRST CITIZENS CHARITABLE FOUNDATION INC
  		Employer identification number

42-1451615
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 1000 SHARES OF BERKSHIRE HATHAWAY $ 356,500 2023-12-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
FIRST CITIZENS CHARITABLE FOUNDATION INC
  		Employer identification number

42-1451615
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
FIRST CITIZENS CHARITABLE FOUNDATION INC
EIN:
42-1451615
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SCHUPICK & ASSOC, PC TAX PREPARATION 1,040 520 0 520

TY 2023 InvestmentsCorpStockSchedule
Name:
FIRST CITIZENS CHARITABLE FOUNDATION INC
EIN:
42-1451615
Name of Stock End of Year Book Value End of Year Fair Market Value
BERKSHIRE HATHAWAY INC 161,653 433,342
BANK OF AMERICA 49,784 66,256

TY 2023 InvestmentsOtherSchedule2
Name:
FIRST CITIZENS CHARITABLE FOUNDATION INC
EIN:
42-1451615
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ISHARES DJ US REAL ESTATE   8,508 10,695
VANGUARD TOTAL STOCK MARKET INDEX FUND   295,000 317,935
ISHARE S&P MIDCAP 400 VALUE INDEX FUND   38,597 71,845
ISHARE S&P MIDCAP 400 GROWTH INDEX FUND   30,552 60,603
ISHARE S&P SMALLCAP 600 BARRA VALUE FUND   18,331 35,044
ISHARE S&P SMALLCAP 600 GROWTH INDEX FUND   15,666 34,414
ISHARE DOW JONES - BASIC MATERIALS   7,639 11,053
ISHARE DOW JONES - CONSUMER DISCRETIONARY   25,904 28,717
ISHARE DOW JONES - ENERGY   17,236 16,104
ISHARE DOW JONES - UTILITIES   5,578 5,275
ISHARE DOW JONES - FINANCIAL SECTOR   22,378 25,623
ISHARE DOW JONES - HEALTHCARE   35,402 39,787
ISHARE DOW JONES - INDUSTRIAL   17,453 22,872
ISHARE DOW JONES - TECH   38,238 57,202
ISHARE DOW JONES - TELECOM   9,982 7,397
ISHARE DOW JONES - CONSUMER STAPLES   23,311 25,881
VANGUARD TOTAL INTL STOCK INDEX   215,000 218,373
FEDERATED HERMES TOTAL RETURN BOND INSTL   80,000 67,996
PIMCO FUNDS INCOME INSTL   80,000 70,475
VANGUARD MALVERN FDS CRE BD   190,000 192,004

TY 2023 OtherDecreasesSchedule
Name:
FIRST CITIZENS CHARITABLE FOUNDATION INC
EIN:
42-1451615
Description Amount
2023 DIVIDENDS POSTED IN 2024 1,508


TY 2023 OtherIncreasesSchedule
Name:
FIRST CITIZENS CHARITABLE FOUNDATION INC
EIN:
42-1451615
Description Amount
CAPITAL GAIN 186,629
2022 DIVIDENDS POSTED IN 2023 638


TY 2023 OtherProfessionalFeesSchedule
Name:
FIRST CITIZENS CHARITABLE FOUNDATION INC
EIN:
42-1451615
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FIRST CITIZENS TRUST CO. TRUSTEE 3,797 3,797 0 0