Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE AZBY FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)650 POYDRAS STREET 2521
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW ORLEANS, LA70130
A Employer identification number

72-6049781
B Telephone number (see instructions)

(504) 581-2549
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$26,873,238J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,128 1,128  
4 Dividends and interest from securities... 542,381 542,381  
5a Gross rents............ 174,655 174,655  
b Net rental income or (loss) 70,888
6a Net gain or (loss) from sale of assets not on line 10 447,617
b Gross sales price for all assets on line 6a 4,132,545
7 Capital gain net income (from Part IV, line 2)... 447,617
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
359,582 359,582  
12 Total. Add lines 1 through 11........ 1,525,363 1,525,363  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 266,961 266,961   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 158,181 53,329   104,852
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
53,558 53,558   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
18,100 9,000   9,100
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
104,893 275   0
17 Interest............... 3,198 3,198   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
231,368 84,223   17,789
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
2,940 643  
20 Occupancy.............. 46,809 20,639   26,170
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
39,171 26,998   13,072
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 925,179 518,824   170,983
25 Contributions, gifts, grants paid....... 715,000 715,000
26 Total expenses and disbursements. Add lines 24 and 25 1,640,179 518,824   885,983
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -114,816
b Net investment income (if negative, enter -0-) 1,006,539
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 360 360 360
2 Savings and temporary cash investments......... 885,159 1,393,246 1,393,246
3 Accounts receivable right arrow12,891
Less: allowance for doubtful accounts right arrow   12,891 12,891 12,891
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 16,280,500 Click to see attachment
List of Attached Documents:
// Content
15,518,108 		16,859,314
c Investments—corporate bonds (attach schedule)....... 2,733,772 Click to see attachment
List of Attached Documents:
// Content
2,860,300 		2,818,621
11 Investments—land, buildings, and equipment: basis right arrow5,398,809
Less: accumulated depreciation (attach schedule) right arrow   5,398,809 5,398,809 5,398,809
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 302,301 Click to see attachment
List of Attached Documents:
// Content
316,555 		316,555
14 Land, buildings, and equipment: basis right arrow181,061
Less: accumulated depreciation (attach schedule) right arrow113,139 67,661 Click to see attachment
List of Attached Documents:
// Content
67,922 		67,922
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,520 		Click to see attachment
List of Attached Documents:
// Content
5,520 		Click to see attachment
List of Attached Documents:
// Content
5,520
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,686,973 25,573,711 26,873,238
Liabilities 17 Accounts payable and accrued expenses.......... 946 2,500
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
14,350 		Click to see attachment
List of Attached Documents:
// Content
14,350
23 Total liabilities (add lines 17 through 22)......... 15,296 16,850
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 25,671,677 25,556,861
29 Total net assets or fund balances (see instructions)..... 25,671,677 25,556,861
30 Total liabilities and net assets/fund balances (see instructions). 25,686,973 25,573,711
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
25,671,677
2
Enter amount from Part I, line 27a .....................
2
-114,816
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
25,556,861
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,556,861
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 NUVEEN RL ASSET INCM I P 2023-01-01 2023-06-21
b DRAFTKINGS INC NEW A P 2022-01-01 2023-12-04
c GLBL X URANIUM P 2022-01-01 2023-09-25
d NUVEEN RL ASSET INCM I P 2022-01-01 2023-06-21
e GAIN ON PARTNERSHIPS P 2022-01-01 2023-12-31
ARTISAN INTERNATIONAL VALUE INSTL P 2022-01-01 2023-12-31
ARTISAN INTERNATIONAL VALUE INSTL P 2022-05-20 2023-01-26
ARTISAN INTERNATIONAL VALUE INSTL P 2022-05-20 2023-11-28
AMERICAN FUNDS EUROPACIFIC P 2023-01-26 2023-09-12
AMERICAN FUNDS EUROPACIFIC P 2022-05-20 2023-11-28
AMERICAN FUNDS EUROPACIFIC P 2023-01-26 2023-11-28
FMI LARGE CAP INSTITUTIONAL P 2022-05-20 2023-01-26
JP MORGAN HEDGED EQUITY 2 P 2022-05-20 2023-09-12
JP MORGAN HEDGED EQUITY 2 P 2023-06-28 2023-09-12
JP MORGAN HEDGED EQUITY 2 P 2022-05-20 2023-09-12
LAZARD EMERGING MARKETS EQ P 2023-01-26 2023-11-06
LAZARD EMERGING MARKETS EQ P 2023-01-26 2023-11-28
METROPOLITAN WEST TOTAL RETURN P 2022-05-20 2023-04-24
METROPOLITAN WEST TOTAL RETURN P 2023-01-31 2023-11-06
METROPOLITAN WEST TOTAL RETURN P 2022-11-30 2023-11-28
POLEN GROWTH INSTITUTIONAL P 2022-05-20 2023-06-15
POLEN GROWTH INSTITUTIONAL P 2022-05-20 2023-09-15
POLEN GROWTH INSTITUTIONAL P 2022-05-20 2023-11-28
PGIM TOTAL RETURN BOND R6 P 2022-12-15 2023-09-15
COHEN & STEERS REAL ASSETS P 2023-01-26 2023-09-12
SCHWAB INTERNATIONAL INDEX P 2022-12-16 2023-06-15
SCHWAB INTERNATIONAL INDEX P 2022-11-02 2023-11-28
SCHWAB US LARGE CAP GROWTH P 2022-05-20 2023-06-15
SCHWAB US LARGE CAP GROWTH P 2022-05-20 2023-09-12
SCHWAB US LARGE CAP VALUE P 2022-12-09 2023-01-26
SCHWAB US LARGE CAP VALUE P 2023-09-12 2023-11-28
VANGUARD MID CAP ETF P 2022-05-20 2023-01-26
VANGUARD MID CAP ETF P 2022-05-20 2023-01-26
VANGUARD MID CAP ETF P 2022-05-20 2023-09-12
VANGUARD MID CAP ETF P 2022-05-20 2023-11-06
VANGUARD MID CAP ETF P 2022-05-20 2023-11-28
VANGUARD S&P 500 ETF P 2022-05-20 2023-01-26
VANGUARD S&P 500 ETF P 2022-05-20 2023-06-15
VANGUARD S&P 500 ETF P 2022-05-20 2023-11-28
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,616   4,705 -89
b 263,551   153,724 109,827
c 55,512   44,736 10,776
d 85,815   101,201 -15,386
e 320     320
59,985   55,005 4,980
21,985   22,093 -108
75,485   64,260 11,225
72,085   73,202 -1,117
322   307 15
74,263   74,327 -64
30,985   35,435 -4,450
14,563   14,149 414
822   823 -1
12,785   12,338 447
9,985   10,410 -425
24,285   24,824 -539
117,485   123,594 -6,109
30,985   33,645 -2,660
130,085   132,227 -2,142
179,985   175,105 4,880
99,685   94,707 4,978
126,685   116,836 9,849
63,985   67,206 -3,221
297,078   311,763 -14,685
75,000   70,774 4,226
73,900   60,458 13,442
230,000   186,902 43,098
92,700   74,142 18,558
18,000   17,271 729
86,400   87,186 -786
19,317   18,389 928
74,663   71,076 3,587
151,991   144,426 7,565
403,964   404,743 -779
65,399   62,600 2,799
655,982   637,122 18,860
39,914   34,880 5,034
80,179   68,337 11,842
211,799     211,799
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       -89
b       109,827
c       10,776
d       -15,386
e       320
      4,980
      -108
      11,225
      -1,117
      15
      -64
      -4,450
      414
      -1
      447
      -425
      -539
      -6,109
      -2,660
      -2,142
      4,880
      4,978
      9,849
      -3,221
      -14,685
      4,226
      13,442
      43,098
      18,558
      729
      -786
      928
      3,587
      7,565
      -779
      2,799
      18,860
      5,034
      11,842
      211,799
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 2 447,617
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 13,991
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 13,991
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 13,991
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 88,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 88,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
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 74,009
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow74,009 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowLA
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 arrowMICHAEL S LIEBAERT Telephone no.right arrow (504) 581-2549

Located atright arrow650 POYDRAS STREET 2521NEW ORLEANSLA ZIP+4right arrow70130
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ANN FITZMORRIS PRESIDENT
1.00 		0 0 0
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
AIMEE' F SIEGEL DIRECTOR
0.50 		0 0 0
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
JAMES R MORTON SECRETARY TREASURER
0.50 		0 0 0
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
MICHAEL S LIEBAERT EXECUTIVE DIRECTOR RETIRED
0.50 		0 0 13,954
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
MICHAEL S LIEBAERT SECRETARY TREASURER
35.00 		95,605 17,904 0
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
PATRICK W FITZMORRIS EXECUTIVE DIRECTOR
35.00 		171,356 26,446 2,500
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
SAMUEL S FARNET JR VICE PRESIDENT
0.50 		0 0 0
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
19,513,779
b
Average of monthly cash balances.......................
1b
308,131
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
19,821,910
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
19,821,910
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
297,329
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
19,524,581
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
976,229
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
976,229
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
13,991
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
13,991
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
962,238
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
962,238
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
962,238
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
885,983
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
885,983
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 7 962,238
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 412,826
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 885,983
a Applied to 2022, but not more than line 2a 412,826
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 473,157
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		489,081
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

30 X NINETY THEATRE INC

880 LAFAYETTE ST
MANDEVILLE,LA70448 		NONE PUBLIC CHARITY ARTS THEATER 2,500

ANTENNA

3718 SAINT CLAUDE AVENUE
NEW ORLEANS,LA70117 		NONE PUBLIC CHARITY ARTS 1,500

ARCHBISHOP HANNAN HIGH SCHOOL

71324 HIGHWAY 1077
COVINGTON,LA70433 		NONE PUBLIC CHARITY EDUCATIONAL 12,500

ARCHBISHOP'S COMMUNITY APPEAL

1000 HOWARD AVENUE SUITE 200
NEW ORLEANS,LA70113 		NONE PUBLIC CHARITY CIVIC 1,500

ART KLUB NOLA INC

1941 ARTS STREET
NEW ORLEANS,LA70117 		NONE PUBLIC CHARITY ARTS 2,000

ARTS COUNCIL OF NEW ORLEANS

935 GRAVIER ST SUITE 850
NEW ORLEANS,LA70112 		NONE PUBLIC CHARITY ARTS 10,000

BROTHER MARTIN HIGH SCHOOL

4401 ELYSIAN FIELDS AVE
NEW ORLEANS,LA70122 		NONE PUBLIC CHARITY EDUCATIONAL 2,500

CABRINI HIGH SCHOOL

1400 MOSS ST
NEW ORLEANS,LA70119 		NONE PUBLIC CHARITY EDUCATIONAL 5,000

CATHOLIC HIGH SCHOOL

855 HEARTHSTONE DR
BATON ROUGE,LA70806 		NONE PUBLIC CHARITY EDUCATIONAL 5,000

CITY PARK CONSERVANCY

1 PALM DRIVE
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY CONSERVATION 5,000

COASTAL CONSERVATION ASSOCIATION

P O BOX 86458
BATON ROUGE,LA70879 		NONE PUBLIC CHARITY COASTAL CONSERVATION 8,500

COMMUNITY SAILING NEW ORLEANS

101 N ROADWAY ST
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY SAILING AND CIVIC 16,000

COVENANT HOUSE

611 N RAMPART ST
NEW ORLEANS,LA70112 		NONE PUBLIC CHARITY COUNSELING 1,000

ELLIS MARSALIS CENTER FOR MUSIC

1901 BARTHOLOMEW STREET
NEW ORLEANS,LA70117 		NONE PUBLIC CHARITY EDUCATION CIVIC ARTS 1,000

FORE KID'S FOUNDATION

11005 LAPALCO BLVD
AVONDALE,LA70094 		NONE PUBLIC CHARITY CIVIC 7,500

GREATER NEW ORLEANS SPORTS FOUNDATION

320 METAIRIE-HAMMOND HWY 300
METAIRIE,LA70005 		NONE PUBLIC CHARITY RECREATION AND CIVIC 5,000

HISTORIC NEW ORLEANS COLLECTION

520 ROYAL ST
NEW ORLEANS,LA70130 		NONE PUBLIC CHARITY ARTS 2,000

HOLY NAME OF JESUS SCHOOL

6325 CROMWELL PL
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY EDUCATION 10,000

INNOCENSE PROJECT NEW ORLEANS

4051 ULOA ST
NEW ORLEANS,LA70119 		NONE PUBLIC CHARITY EDUCATION 1,500

JESUIT HIGH SCHOOL

4133 BANKS ST
NEW ORLEANS,LA70119 		NONE PUBLIC CHARITY EDUCATION 2,000

KIDSMART FOUNDATION

1920 CLIO ST
NEW ORLEANS,LA70113 		NONE PUBLIC CHARITY ARTS 4,500

LONGUE VUE HOUSE & GARDENS

7 BAMBOO ROAD
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY CIVIC 2,000

LOUISIANA CIVIL SERVICE LEAGUE

810 UNION STREET SUITE 305
NEW ORLEANS,LA70112 		NONE PUBLIC CHARITY CIVIC 5,000

LOUISIANA LANDMARKS SOCIETY

1440 MOSS STREET
NEW ORLEANS,LA70119 		NONE PUBLIC CHARITY PRESERVATION ADVOCACY 5,000

LOUISIANA RUGBY CORPORATION

1305 DUBLIN STREET
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY EDUCATION & RECREATION 10,000

LOYOLA UNIVERSITY

6363 ST CHARLES AVE
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY EDUCATIONAL 10,000

MARY BIRD PERKINS CANCER CENTER

1203 S TYLER ST
COVINGTON,LA70433 		NONE PUBLIC CHARITY CANCER CARE 2,500

METAIRIE PARK COUNTRY DAY SCHOOL

300 PARK ROAD
METAIRIE,LA70005 		NONE PUBLIC CHARITY EDUCATION 1,000

MOUNT CARMEL ACADEMY

7027 MILNE BLVD
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY EDUCATION 13,000

MUSEUM OF THE SOUTHERN JEWISH EXPERIENCE

818 HOWARD AVENUE
NEW ORLEANS,LA70113 		NONE PUBLIC CHARITY JEWISH CULTURE 5,000

NEW ORLEANS ACADEMY OF FINE ARTS

5256 MAGAZINE ST
NEW ORLEANS,LA70115 		NONE PUBLIC CHARITY ARTS, EDUCATION 5,000

NEW ORLEANS CULINARY AND HOSPITALITY INSTITUTE

725 HOWARD AVE
NEW ORLEANS,LA70130 		NONE PUBLIC CHARITY EDUCATIONAL 20,000

NEW ORLEANS FILM & VIDEO FESTIVAL

1215 PRYTANIA STREET STE 423
NEW ORLEANS,LA70130 		NONE PUBLIC CHARITY ARTS FILM & VIDEO 2,500

NEW ORLEANS MUSEUM OF ART

COLLINS DIBOLL CIRCLE
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY ARTS 8,000

NEWMAN SCHOOL

1903 JEFFERSON AVENUE
NEW ORLEANS,LA701155699 		NONE PUBLIC CHARITY EDUCATIONAL 12,000

NORTHSHORE COMMUNITY FOUNDATION

807 COLUMBIA ST
COVINGTON,LA70433 		NONE PUBLIC CHARITY CIVIC 1,500

PAMELA SINTES MEMORIAL FOUNDATION

7385 WEST ROADWAY
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY SUPPORT VICTIMS OF DOMESTIC VIOLENCE 2,000

PRESERVATION RESOURCE CENTER

923 TCHOUPITOULAS ST
NEW ORLEANS,LA70130 		NONE PUBLIC CHARITY HISTORICAL PRESERVATION OF BUILDINGS 3,500

RECREATIONAL FISHERIES INSTITUTE

1040 JAMESON PLACE
COVINGTON,LA704336420 		NONE PUBLIC CHARITY ENVIRONMENT 55,000

RIVER ROAD HISTORICAL SOCIETY

13034 RIVER ROAD
DESTREHAN,LA70047 		NONE PUBLIC CHARITY HISTORICAL 31,000

RIVERS INSTITUTE

1100 POYDRAS STE STE 1700
NEW ORLEANS,LA70163 		NONE PUBLIC CHARITY RIVERS PROJECT 20,000

ST FRANCIS CATHOLIC CHURCH

631 STATE ST
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY RELIGION 2,000

ST MARY'S DOMINICAN HIGH SCHOOL

7701 WALMSLEY AVENUE
NEW ORLEANS,LA70125 		NONE PUBLIC CHARITY EDUCATION 64,000

ST SCHOLASTICA ACADEMY

122 S MASSACHUSETTS ST
COVINGTON,LA70433 		NONE PUBLIC CHARITY EDUCATION 3,500

START THE ADVENTURE IN READING

1545 STATE ST
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY EDUCATION 2,500

STUART HALL SCHOOL

2032 S CARROLLTON AVENUE
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY EDUCATION 2,000

SUGAR BUZZ

438 LAURA DR SOUTH
MANDEVILLE,LA70448 		NONE PUBLIC CHARITY EDUCATIONAL 5,000

TEMPLE SINAI

6227 ST CHARLES AVENUE
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY RELIGION 18,500

THE GARDEN CONSERVANCY

P O BOX 219
COLDSPRING,NY10516 		NONE PUBLIC CHARITY EDUCATIONAL 1,500

THE NATURE CONSERVANCY

321 ST CHARLES AVE
NEW ORLEANS,LA70130 		NONE PUBLIC CHARITY PRESERVATION 1,000

TULANE UNIVERSITY

6823 ST CHARLES AVE
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY EDUCATIONAL 260,000

UNCOMMON CONSTRUCTION INC

PO BOX 791438
NEW ORLEANS,LA701191438 		NONE PUBLIC CHARITY EMPOWER YOUTH WITH THE SKILLS, NETWORK, RESOURCES 8,000

UNIVERSITY OF NEW ORLEANS

2000 LAKESHORE DRIVE
NEW ORLEANS,LA70148 		NONE PUBLIC CHARITY EDUCATION 22,000

VIEUX CARRE COMMISSION FOUNDATION

PO BOX 57444
NEW ORLEANS,LA701577444 		NONE PUBLIC CHARITY HISTORICAL PRESERVATION OF BUILDINGS 2,000

WISH TO FISH LOUISIANA INC

673 CAMERON COURT
KENNER,LA70065 		NONE PUBLIC CHARITY RECREATION AND CIVIC 2,500
Total .................................right arrow 3a 715,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,128  
4 Dividends and interest from securities ....     14 542,381  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 70,888  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     16 359,582  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 447,617  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,421,596 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,421,596
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HANLON STIRTON & MIDKIFF CPAS 18,100 9,000   9,100

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

TY 2023 DepreciationSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
FURNITURE & FIXTURES 1990-01-01 35,072 35,072 SL 7.000000000000 0 0    
FURNITURE & FIXTURES 1998-06-30 2,564 2,564 SL 7.000000000000 0 0    
FURNITURE & FIXTURES 1999-06-30 4,873 4,873 SL 7.000000000000 0 0    
FURNITURE & FIXTURES 2000-06-30 826 826 SL 5.000000000000 0 0    
EQUIPMENT 2002-06-30 5,839 5,839 SL 5.000000000000 0 0    
OFFICE EQUIPMENT 2003-06-30 1,324 1,324 SL 5.000000000000 0 0    
FURNITURE & FIXTURES 2004-04-30 41,860 20,930 SL 7.000000000000 0 0    
LEASEHOLD IMPROVEMENTS 2004-04-30 11,634 11,634 SL 10.000000000000 0 0    
FILE CABINET 2009-11-19 1,986 1,986 SL 7.000000000000 0 0    
IPAD PWF 2010-12-19 1,202 1,202 SL 3.000000000000 0 0    
COMPUTER 2015-02-06 1,755 1,755 SL 5.000000000000 0 0    
PHONE 2018-12-31 598 480 SL 5.000000000000 118 118    
RADIOACTIVE DETECTION METER 2018-12-31 726 580 SL 5.000000000000 146 146    
PRINTER 2018-12-31 253 204 SL 5.000000000000 49 49    
VEHICLE - TOYOTA TUNDRA 2022-05-26 67,347   NC 0 % 0 0    
OFFICE EQUIPMENT - IPAD AND KEYBOARD 2023-02-07 1,660   SL 5.000000000000 1,386 304    
OFFICE EQUIPMENT - PWF APPLE COMPUTER 2023-12-12 1,541   SL 5.000000000000 1,241 26    

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Name of Bond End of Year Book Value End of Year Fair Market Value
CLIFFWATER CORPORATE LEN 857,453 850,079
METROPOLITAN WEST TOTAL 837,857 825,950
PGIM TOTAL RETURN BOND R 1,014,057 995,800
VANGUARD LONG-TERM TREASURY 150,933 146,792

TY 2023 InvestmentsCorpStockSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Name of Stock End of Year Book Value End of Year Fair Market Value
AMERICAN FUNDS EUROPACIF 1,309,563 1,394,924
APOLLO DIVERSIFIED RE FD 872,862 755,612
ARTISAN INTERNATIONAL VALUE 1,181,406 1,383,509
BANK OF AMERICA CORP 39,100 38,880
BLACKROCK COMMODITY STRATEGIES INSTL 242,551 218,551
BOEING COMPANY 91,758 130,330
CATALYST ENERGY 160,977 209,752
CATALYST MILLBURN 110,140 107,657
CENOVUS ENERGY INC 50,382 66,600
DOW INC 56,225 54,840
FIDELITY ADVISOR 145,383 209,384
FIDELITY REAL ESTATE 196,775 159,474
FMI LARGE CAP INSTITUTIONAL 1,371,737 1,300,289
FORD MOTOR CO 175,256 121,900
FRANKLIN INCOME ADVISOR 173,228 164,558
JOHN HANCOCK DISCIPLINED VALUE 430,625 403,402
JOHN HANCOCK INFRASTRUCTURE 106,395 97,494
JOHN HANCOCK REGIONAL BANK 318,968 259,834
JPMORGAN EQUITY 119,479 120,329
JPMORGAN HEDGED EQUITY 2 290,776 305,743
KRAFT HEINZ CO 53,568 55,470
LAZARD EMERGING MARKETS 726,648 830,377
LOCKHEED MARTIN 68,187 90,648
NUVEEN DIVIDEND VALUE 177,325 161,572
NUVEEN FLEXIBLE INCOME CL I 110,077 94,076
NUVEEN SMALL CAP VALUE 230,149 224,727
ORIGIN BANCORP 43,278 35,570
PENN ENTERTAINMENT 94,993 52,040
POLEN GROWTH INSTITUTION 733,856 862,178
RANGE RESOURCE CORP 45,334 76,100
RTX CORP 41,928 42,070
S. LA CANAL & NAVIGATION 3,091 3,091
SCHWAB INTERNATIONAL INDEX 1,146,933 1,398,293
SCHWAB US LARGE-CAP GROWTH 749,029 1,014,399
SCHWAB US LARGE-CAP VALUE 1,090,728 1,171,178
SOUTHWESTERN ENERGY 71,139 98,250
SPDR S & P BIOTECH ETF 78,165 89,290
SPDR SERIES TRUST S&P OIL & GAS EXPLORATION 76,413 95,837
SUNCOR ENERGY INC 51,428 64,080
TELLURIAN INC 25,288 7,556
VALE S A ADR 63,127 79,300
VANGUARD INDUSTRIALS INDEX ADMIRAL 128,746 145,767
VANGUARD MID CAP ETF 419,259 477,377
VANGUARD S&P 500 ETF 1,353,646 1,643,679
VIRTUS KAR MID-CAP CORE 451,587 503,227
WELLS FARGO & CO DEP 40,600 40,100

TY 2023 InvestmentsOtherSchedule2
Name:
THE AZBY FUND
EIN:
72-6049781
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
HARVEY CANAL PARTNERSHIP AT COST 306,361 306,361
RIGOLETS PARTNERSHIP AT COST 10,194 10,194

TY 2023 LandEtcSchedule2
Name:
THE AZBY FUND
EIN:
72-6049781
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FURNITURE & FIXTURES 35,072 35,072 0  
FURNITURE & FIXTURES 2,564 2,564 0  
FURNITURE & FIXTURES 4,873 4,873 0  
FURNITURE & FIXTURES 826 826 0  
EQUIPMENT 5,839 5,839 0  
OFFICE EQUIPMENT 1,324 1,324 0  
FURNITURE & FIXTURES 41,860 41,860 0  
LEASEHOLD IMPROVEMENTS 11,634 11,634 0  
FILE CABINET 1,986 1,986 0  
IPAD PWF 1,202 1,202 0  
COMPUTER 1,755 1,755 0  
PHONE 598 598 0  
RADIOACTIVE DETECTION METER 726 726 0  
PRINTER 253 253 0  
VEHICLE - TOYOTA TUNDRA 67,347 0 67,347  
OFFICE EQUIPMENT - IPAD AND KEYBOARD 1,660 1,386 274  
OFFICE EQUIPMENT - PWF APPLE COMPUTER 1,541 1,241 300  


TY 2023 LegalFeesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAGGART MORTON 53,558 53,558   0


TY 2023 OtherAssetsSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ARTWORKS 3,628 3,628 3,628
DEPOSITS 1,892 1,892 1,892


TY 2023 OtherExpensesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUTOMOTIVE EXPENSE -899 0   0
INSURANCE 11,017 707   10,310
MISCELLANEOUS EXPENSE 2,317 0   2,317
PROMOTION & ENTERTAINMENT 442 442   0
BANK CHARGES 70 70   0
POSTAGE 380 0   380
PAYCHEX EXPENSE 3,742 3,742   0
DUES & SUBSCRIPTIONS 130 65   65
ST TAMMANY EXPENSES 21,972 21,972   0
TIMBERLAND EXPENSES 0 0   0


TY 2023 OtherIncomeSchedule2
Name:
THE AZBY FUND
EIN:
72-6049781
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTIES 295,448 295,448 295,448
RIGOLETS LIMITED PARTNERSHIP 1,618 1,618 1,618
HARVEY CANAL LIMITED PARTNERSHIP 62,352 62,352 62,352
OTHER INCOME 164 164 164


TY 2023 OtherLiabilitiesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Description Beginning of Year - Book Value End of Year - Book Value
DEPOSITS FROM OTHERS 14,350 14,350


TY 2023 OtherProfessionalFeesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 275 275   0
INVESTMENT MANAGEMENT 104,618 0   0


TY 2023 TaxesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES ON FOREIGN DIVIDENDS 450 450   0
PAYROLL TAXES 19,767 1,978   17,789
EXCISE TAX 129,356 0   0
REAL ESTATE TAXES 81,795 81,795   0