TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
Avis Foundation Inc

Number and street (or P.O. box number if mail is not delivered to street address)1909 S Main St
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Upland, IN46989

A Employer identification number

20-5063209

B Telephone number (see instructions)

(765) 998-8100

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$57,142,205J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	150
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,715,113		1,715,113
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-331,491
b	Gross sales price for all assets on line 6a 18,401,703
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	17,060	17,060
12	Total. Add lines 1 through 11........	1,400,832		1,732,173
13	Compensation of officers, directors, trustees, etc.	85,500		0	85,500
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	3,099	0	3,099
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	14,275	0	14,275
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	192,334	190,486	1,848
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	9,932	4,194	5,738
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	624		0	624
22	Printing and publications..........	192		0	192
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	44,745	25,450	19,295
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	350,701		220,130	130,571
25	Contributions, gifts, grants paid.......	2,700,317			2,700,317
26	Total expenses and disbursements. Add lines 24 and 25	3,051,018		220,130	2,830,888
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,650,186
b	Net investment income (if negative, enter -0-)			1,512,043
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	12,722,596	828,801	828,801
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	18,936,431	List of Attached Documents: // Content 21,403,797	28,631,106
	c	Investments—corporate bonds (attach schedule).......	6,471,902	List of Attached Documents: // Content 14,005,505	14,450,245
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	10,828,611	List of Attached Documents: // Content 12,943,078	13,217,703
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 1,740,433	List of Attached Documents: // Content 14,350	List of Attached Documents: // Content 14,350
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	50,699,973	49,195,531	57,142,205
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	50,699,973	49,195,531
	29	Total net assets or fund balances (see instructions).....	50,699,973	49,195,531
	30	Total liabilities and net assets/fund balances (see instructions).	50,699,973	49,195,531

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

50,699,973

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

-1,650,186

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

List of Attached Documents:

// Content

145,744

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

49,195,531

Decreases not included in line 2 (itemize) right arrow

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

49,195,531

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	Publicly Traded Securities	P
b	Sale of 768.12 Acre Oklahoma Land and Cattle	D
c	Capital Gains Dividends	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	16,569,715	17,029,131	-459,416
b	1,809,739	1,704,063	105,676
c	22,249		22,249
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-459,416
b			105,676
c			22,249
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-331,491
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	21,017
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	21,017
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	21,017
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	10,167
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	10,850
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	21,017
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	0
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website address right arrow

avisfoundationinc.org

The books are in care of right arrow

Martha Songer Telephone no. right arrow

(765) 998-8100

Located at right arrow

1909 S Main StUplandIN ZIP+4 right arrow

46989

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

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

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

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

16 No

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

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

Yes

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years right arrow

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2023)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
Angela Darlington	President 1.00	3,000
1909 S Main Street Upland,IN46989	President 1.00	3,000
Marylou Habecker	Vice President 1.00	3,000
1909 S Main Street Upland,IN46989	Vice President 1.00	3,000
Norma Korporal	Secretary 1.00	1,500
1909 S Main Street Upland,IN46989	Secretary 1.00	1,500
Dr Susan Wilczynski	Director 1.00	3,000
1909 S Main Street Upland,IN46989	Director 1.00	3,000
Martha Songer	Executive Director 30.00	75,000
1909 S Main Street Upland,IN46989	Executive Director 30.00	75,000

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
UBS Financial Services	Investment Management	190,483
81415 Maddox Dr Suite 101 Lincoln,NE68520	Investment Management	190,483

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2023)

Page 8

Part IX

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

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

purposes:

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

51,174,853

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

2,578,385

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

1,301,691

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

55,054,929

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

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

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

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

55,054,929

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

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

825,824

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

54,229,105

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

2,711,455

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

2,711,455

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

21,017

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

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

21,017

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

2,690,438

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

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

2,690,438

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

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

2,690,438

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

2,830,888

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

2,830,888

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					2,690,438
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				43,548
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: $ 2,830,888
a Applied to 2022, but not more than line 2a				43,548
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.....					2,690,438
e Remaining amount distributed out of corpus		96,902
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		96,902
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 ..........					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) .......		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 ......		96,902
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....	96,902

Form 990-PF (2023)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

Martha Songer
1909 S Main Street
Upland,IN46989
(765) 998-8100

bThe form in which applications should be submitted and information and materials they should include:

All grant applicants are requested to submit a letter of inquiry (LOI) prior to March 1 in any calendar year. If the LOI is approved a full grant proposal must be submitted by July 31 of that same calendar year. Applicants will be notified in October and successful applicants will receive funds in December.

cAny submission deadlines:

See above.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

The mission of Avis Foundation, Inc. is to make impactful gifts to organizations devoted to improving quality of life in communities through their commitment to the arts, education, entrepreneurship and autism.

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Alucin Study Center 1401 W Beechwood Ave Muncie,IN47303	None	PC	Operational and Program Support	50,000
Anderson University 1100 E 5th St Anderson,IN46012	None	PC	Dance Program and Studio Enhancement	250,000
Ball State University 2000 W University Ave Muncie,IN47306	None	PC	School Nurses Enhancing Healthcare Services for K-12 Students with Autism Spectrum Disorder project	219,500
Ball State University 2000 W University Ave Muncie,IN47306	None	PC	Project Special Education, Arts, and Counseling	168,000
Carey Services 2724 S Carey St Marion,IN46953	None	PC	Enhancing Career-Readiness for Individuals with Disabilities program	39,500
Conner Prairie 13400 Allisonville Rd Fishers,IN46038	None	PC	Sensory Room and Inclusive Signage in the new Museum Experience Center	166,667
Eiteljorg Museum 500 W Washington St Indianapolis,IN46204	None	PC	Quest for the West fundraising event	50,000
Eiteljorg Museum 500 W Washington St Indianapolis,IN46204	None	PC	Jon Vanausdall Capital Fund	100,000
Eiteljorg Museum 500 W Washington St Indianapolis,IN46204	None	PC	Exhibits and Programming	175,000
Harrison Center for the Arts 1505 N Delaware St Indianapolis,IN46202	None	PC	Art as a Visioning Tool program	50,000
LeTourneau University 2100 S Mobberly Ave Longview,TX75602	None	PC	Support for the Bridges Program for college students on the autism spectrum	40,000
NearSpace Education 79 Railroad St Upland,IN46989	None	PC	Completion of a STEM Center	271,650
PhyXT Gears East Central Indiana Robotics 625 Massachusetts Ave PO Box 202 Matthews,IN46957	None	PC	Purchase and renovation of current facilities	250,000
Taylor University 1846 Main St Upland,IN46989	None	PC	Film and media equipment for student learning	250,000
The Oaks Academy 1301 E 16th St Indianapolis,IN46202	None	PC	Diversifying books in the library	20,000
YMCA of Muncie 500 S Mulberry St Muncie,IN47305	None	PC	Furniture, fixtures and equipment in the youth development area	600,000
Total ................................. 3a				2,700,317

bApproved for future payment

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

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	1,715,113
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			14	17,060
8 Gain or (loss) from sales of assets other than inventory ............			18	-331,491
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		1,400,682	0

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

1,400,682

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

Avis Foundation Inc

EIN:

20-5063209

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting Fees	14,275	0		14,275

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

Avis Foundation Inc

EIN:

20-5063209

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AIR LEASE CORP	188,000	193,243
AMAZON COM INC NTS B/E	228,668	228,538
AT&T INC B/E	62,363	68,672
BANK OF AMER CORP	48,217	48,248
BANK OF AMER CORP	93,201	96,237
BANK OF AMER CORP NTS	1,980	1,985
BANK OF AMER CORP NTS	265,745	265,505
BROADCOM INC NTS B/E	5,762	5,866
BROADCOM INC NTS B/E	523,728	581,499
CHARTER COMM OPT LLC/CAP	309,501	317,314
CHARTER COMM OPT LLC/CAP	88,223	89,075
CHENIERE CORP CHRISTI HD	100,699	103,161
CITIGROUP INC B/E	312,380	333,414
CITIGROUP INC NTS B/E	213,001	217,444
CITIGROUP INC NTS B/E	195,296	199,726
COMCAST CORP B/E	522,857	569,407
COMCAST CORP NTS B/E	101,426	101,799
DISCOVERY COMM INC NTS	432,649	444,815
DTE ENERGY CO NTS B/E	49,482	49,767
EQT CORP NTS B/E	1,858	1,935
FEDERATED HERMES ULTRASHORT BOND FUND IS	300,276	305,423
FREEPORT-MCMORAN INC B/E	46,267	45,778
GENL MOTORS FINL CO INC	48,595	49,020
GENL MOTORS FINL CO INC	201,075	204,512
GENL MOTORS FINL CO INC	313,240	326,123
GOLDMAN SACHS GROUP INC	47,640	47,338
GOLDMAN SACHS GROUP INC	325,748	331,339
HCA INC B/E	48,154	48,619
HCA INC NTS B/E	296,730	301,834
INTEL CORP NTS B/E	142,926	147,867
ISHARES BROAD USD INVT GRADE CORPORATE BOND ETF	976,090	990,600
JOHN DEERE CAPITAL CORP	99,993	102,853
JOHN DEERE CAPITAL CORP	113,351	119,599
JPMORGAN CHASE & CO NTS	190,722	192,764
JPMORGAN CHASE & CO NTS	76,733	76,744
JPMORGAN CHASE & CO NTS	449,316	472,162
META PLATFORMS INC NTS	190,998	197,560
MORGAN STANLEY B/E	82,058	82,246
MORGAN STANLEY B/E	381,679	386,430
MORGAN STANLEY NTS B/E	182,240	186,128
PACIFIC GAS & ELEC CO	105,153	108,368
PACIFIC GAS & ELEC NTS	332,487	347,111
PGIM SHORT-TERM CORP BOND CL Z	1,000,000	1,002,526
PLAINS ALL AMER PIPELINE	47,628	47,392
PNC FINANCIAL SERVICES	104,027	104,092
SABINE PASS LIQUEFACTION	16,026	16,108
SOUTHERN CAL EDISON NTS	208,808	210,834
TRUIST FINANCIAL CORP	481,046	488,602
WALT DISNEY COMPANY/THE	531,525	575,946
WELLS FARGO & CO	432,552	433,419
WELLS FARGO & CO	186,315	188,791
WELLS FARGO & CO B/E	233,657	250,591
WELLS FARGO & CO	9,415	9,813
COLUMBIA STRATEGIC INCOME FUND CLASS INSTITUTIONAL	904,879	923,788
BK OF NOVA SCOTIA	530,058	535,951
PFIZER INVT ENTER NTS	99,632	100,277
PFIZER INVT ENTER NTS	523,430	574,047

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

Avis Foundation Inc

EIN:

20-5063209

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC COM	198,234	206,728
ACCENTURE PLC IRELAND CL A	282,968	600,758
ALPHABET INC CL A	112,033	198,080
AMAZON.COM INC	237,557	298,258
AMER ELECTRIC POWER CO	205,483	173,973
AMERICAN TOWER CORP REIT	129,017	125,426
APPLE INC	228,754	471,891
BANK OF NOVA SCOTIA L/O TA-CYN RTY SPX	250,000	245,250
BERKSHIRE HATHAWAY INC CL A	312,670	542,625
BERKSHIRE HATHAWAY INC NEW CL B	433,482	562,453
BRISTOL MYERS SQUIBB CO	125,684	91,896
CARILLON SCOUT MID CAP FUND CLASS I	250,465	278,952
CHEVRON CORP	242,337	325,765
CISCO SYSTEMS INC	193,450	210,870
COCA COLA CO COM	291,342	353,875
COLGATE PALMOLIVE CO	150,000	185,405
COMCAST CORP NEW CL A	97,191	113,791
COSTCO WHOLESALE CORP	145,371	196,704
CRANE CO	163,477	343,433
CRANE NXT CO	84,470	165,321
CREDIT SUISSE AG L/O TA-CYN RTY SPX	250,000	242,750
CSX CORPORATION	470,938	713,197
DANAHER CORP	51,415	59,454
DELAWARE SMAL CAP CORE I	103,994	115,187
DFA US MICRO CAP FUND CLASS I	256,908	313,483
DOLLAR GEN CORP NEW	66,055	38,338
FEDEX CORP	88,657	110,295
FIFTH THIRD BANCORP	183,745	241,430
HOME DEPOT INC	259,289	490,715
HONEYWELL INTL INC	90,710	102,968
INTEL CORP	288,620	303,259
INTERCONTINENTALEXCHANGE GROUP	86,970	119,311
JOHNSON & JOHNSON COM	91,680	90,909
JPMORGAN CHASE & CO	585,006	1,020,600
LAUDER ESTEE COS CL A	15,021	11,261
LILLY ELI & CO	130,764	658,700
LOCKHEED MARTIN CORP	238,371	355,340
MARSH & MCLENNAN COS INC	82,161	109,514
MCDONALDS CORP	267,263	432,905
MERCK & CO INC COM	59,724	81,438
MICROSOFT CORP	432,544	1,267,255
MONDELEZ INTL INC	92,603	109,587
NEXTERA ENERGY INC COM	241,273	325,566
O REILLY AUTOMOTIVE INC	80,632	127,311
OLD NATL BANCORP EVANSVL IND	308,000	337,800
ORACLE CORP	64,971	89,721
PEPSICO INC	127,926	141,477
PHILLIPS 66	261,291	375,322
PROCTER & GAMBLE CO	137,402	141,704
REGAL REXNORD CORP	210,150	444,060
ROCKWELL AUTOMATION INC NEW	254,068	456,716
RTX CORP	198,428	257,384
SCHLUMBERGER LTD NETHERLANDS ANTILLES	238,075	259,992
SHERWIN WILLIAMS CO	64,124	89,515
TEXAS INSTRUMENTS	136,759	139,436
THERMO FISHER SCIENTIFIC INC	122,614	183,123
TJX COS INC NEW	52,109	100,940
TRUIST FINL CORP	223,519	173,782
UNION PACIFIC CORP	278,059	470,362
UNITEDHEALTH GROUP INC	112,177	155,309
VANGUARD INFORMATION TECHNOLOGY ETF	44,544	129,228
VANGUARD MID-CAP GROWTH ETF	678,383	878,280
VANGUARD MID-CAP VALUE ETF	895,772	971,567
VANGUARD SMALL-CAP ETF	496,960	661,323
VANGUARD SMALL-CAP VALUE ETF	326,131	393,414
VERALTO CORP	6,747	6,992
VISA INC CL A	94,024	120,802
WALT DISNEY CO (HOLDING CO) DISNEY COM	92,489	75,573
WELLS FARGO & CO NEW	204,171	218,931
WOODWARD INC	594,320	1,089,040
YUM CHINA HLDGS INC	39,087	38,399
YUM! BRANDS INC	55,502	70,818
ZIMMER BIOMET HOLDINGS INC	48,941	58,781
TEMPLETON GLOBAL SMALLER COMPANIES ADVISORS CLASS	195,699	221,607
CHUBB LTD CHF	176,337	202,270
DFA EMERGING MARKETS SMALL CAP FUND CLASS I	122,713	135,689
DFA INTERNATIONAL SMALL COMPANY FUND CLASS I	400,603	426,553
DIAGEO PLC NEW GB SPON ADR	23,884	25,345
DIMENSIONAL ETF TRUST EMGR CRE EQT MNG	673,774	705,218
ISHARES CORE MSCI EAFE ETF	2,205,432	2,467,808
ISHARES CORE MSCI EMERGING MARKETS ETF	767,513	754,755
LAZARD INTERNATIONAL EQUITY FUND INSTITUTIONAL SHS	1,349,871	1,427,486
LINDE PLC NEW EUR	85,369	133,481
MEDTRONIC PLC	127,760	111,707
NOVARTIS AG SPON ADR	245,632	334,615
OPERADORA DE SITES MEXICANOS REIT MXN	607	1,363
SANDOZ GROUP AG SPON ADR	13,532	21,191

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

Avis Foundation Inc

EIN:

20-5063209

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
APOLLO DEBT SOLUTIONS BDC CLASS S	AT COST	1,500,000	1,548,837
BLACKSTONE PRIVATE CREDIT CLASS S	AT COST	1,745,008	1,733,085
BLACKSTONE REAL ESTATE INCOME TRUST INC CL S	AT COST	876,897	1,067,048
BLUE OWL TECHNOLOGY INCOME CORP CLASS S	AT COST	1,500,000	1,545,491
FS CREDIT REAL ESTATE INCOME TRUST, INC CLASS S	AT COST	1,497,150	1,491,375
INFRASTRUCTURE INV FUND (ICAPITAL) LTD	AT COST	2,957,505	3,017,152
KKR REAL ESTATE SELECT TRUST- CLASS U	AT COST	919,826	764,398
STARWOOD REAL ESTATE INCOME TRUST, INC CLASS S	AT COST	775,459	762,976
TBFC FINANCIAL TECHNOLOGIES FUND LP	AT COST	875,810	991,918
BANC FUND IX LP	AT COST	295,423	295,423

- TIN:

TY 2023 LegalFeesSchedule

Name:

Avis Foundation Inc

EIN:

20-5063209

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Legal Fees	3,099	0		3,099

- TIN:

TY 2023 OtherAssetsSchedule

Name:

Avis Foundation Inc

EIN:

20-5063209

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
Oklahoma Land and Cattle	1,704,063	0	0
Marion Property	7,300	7,300	7,300
Art	7,050	7,050	7,050
Dividends Receivable	22,020	0	0

- TIN:

TY 2023 OtherExpensesSchedule

Name:

Avis Foundation Inc

EIN:

20-5063209

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Advertising	8,775	0	8,775
Website	3,656	0	3,656
Other Deductions from Passthroughs	25,450	25,450	0
Insurance	6,864	0	6,864

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

Avis Foundation Inc

EIN:

20-5063209

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Other Income from Partnerships	17,060	17,060	17,060

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

Avis Foundation Inc

EIN:

20-5063209

Description	Amount
Cost basis adjustment	145,744

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

Avis Foundation Inc

EIN:

20-5063209

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
Payroll Processing Fees	1,848	0	1,848
ADR Fees	3	3	0
Investment Management Fees	190,483	190,483	0

- TIN:

TY 2023 TaxesSchedule

Name:

Avis Foundation Inc

EIN:

20-5063209

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
Payroll Taxes	5,738	0	5,738
Foreign Taxes	4,058	4,058	0
Property Taxes	136	136	0