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
MUSTANG FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)5 BLACKBERRY BAY DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OCEANPORT, NJ07757
A Employer identification number

82-3625985
B Telephone number (see instructions)

(732) 963-9145
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$20,928,467J 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 72,119 72,119  
4 Dividends and interest from securities... 450,323 450,323  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 205,179
b Gross sales price for all assets on line 6a 7,471,017
7 Capital gain net income (from Part IV, line 2)... 205,179
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 727,621 727,621  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,500 0   4,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
10,000 0   10,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
8,359 6,359   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
42,869 42,869   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 65,728 49,228   14,500
25 Contributions, gifts, grants paid....... 1,597,000 1,597,000
26 Total expenses and disbursements. Add lines 24 and 25 1,662,728 49,228   1,611,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -935,107
b Net investment income (if negative, enter -0-) 678,393
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.............   7,552 7,552
2 Savings and temporary cash investments......... 10,046,842 1,504,256 1,510,815
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right 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) 1,400,454 Click to see attachment
List of Attached Documents:
// Content
1,665,828 		1,709,525
b Investments—corporate stock (attach schedule)....... 3,368,637 Click to see attachment
List of Attached Documents:
// Content
11,759,441 		13,542,060
c Investments—corporate bonds (attach schedule)....... 1,397,983 Click to see attachment
List of Attached Documents:
// Content
4,050,389 		4,158,515
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,713,165 0 0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,927,081 18,987,466 20,928,467
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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 19,927,081 18,987,466
29 Total net assets or fund balances (see instructions)..... 19,927,081 18,987,466
30 Total liabilities and net assets/fund balances (see instructions). 19,927,081 18,987,466
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
19,927,081
2
Enter amount from Part I, line 27a .....................
2
-935,107
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
18,991,974
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
4,508
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
18,987,466
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 THRU GOLDMAN SACHS-9485      
b THRU GOLDMAN SACHS-9485      
c THRU GOLDMAN SACHS-7933      
d WASH SALE ADJ-7933      
e BORGWARNER INC-7958     2023-08-09
THRU GOLDMAN SACHS-7958      
WASH SALE ADJ-7958      
US TREASURY BILL-7966   2022-12-14 2023-01-26
THRU GOLDMAN SACHS-7966      
THRU GOLDMAN SACHS- ORDINARY GAIN-7966      
US TREASURY BILL-7966   2023-01-30 2023-05-01
THRU GOLDMAN SACHS-7974      
WASH SALE ADJ-7974      
THRU GOLDMAN SACHS-0739      
WASH SALE ADJ-0739      
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 226,625   245,000 -18,375
b 318,446   327,066 -8,620
c 729,747   739,541 -9,794
d 1,897     1,897
e 14     14
2,568,993   2,510,352 58,641
3,008     3,008
182,790   181,895 895
66,177   66,795 -618
509,773   508,048 1,725
114,100   112,820 1,280
324,482   328,176 -3,694
174     174
2,305,819   2,246,145 59,674
1,458     1,458
117,514     117,514
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       -18,375
b       -8,620
c       -9,794
d       1,897
e       14
      58,641
      3,008
      895
      -618
      1,725
      1,280
      -3,694
      174
      59,674
      1,458
      117,514
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 2 205,179
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 9,430
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 9,430
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 9,430
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,298
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 22,700
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 23,998
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 14,568
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow14,568 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 arrow
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 arrowJEFFREY GOLDGRAB Telephone no.right arrow (516) 908-7770

Located atright arrow46 STAUDERMAN AVENUELYNBROOKNY ZIP+4right arrow11563
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
FRANCES TURNER TRUSTEE AND PRESIDENT
0.20 		0 0 0
5 BLACKBERRY BAY DRIVE
OCEANPORT,NJ07757
PAUL TURNER TRUSTEE AND VICE-PRESIDENT
0.20 		0 0 0
5 BLACKBERRY BAY DRIVE
OCEANPORT,NJ07757
KARLA L ARRIA-DEVOE TRUSTEE AND TREASURER
0.20 		0 0 0
5 BLACKBERRY BAY DRIVE
OCEANPORT,NJ07757
ANDREA R ARRIA-DEVOE TRUSTEE AND SECRETARY
0.20 		0 0 0
5 BLACKBERRY BAY DRIVE
OCEANPORT,NY07757
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
17,843,431
b
Average of monthly cash balances.......................
1b
2,414,900
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
20,258,331
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
20,258,331
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
303,875
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
19,954,456
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
997,723
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
997,723
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
9,430
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,430
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
988,293
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
988,293
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
988,293
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
1,611,500
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
1,611,500
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 7 988,293
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 40,016
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$ 1,611,500
a Applied to 2022, but not more than line 2a 40,016
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..... 988,293
e Remaining amount distributed out of corpus 583,191
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 5 583,191
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 ...... 		583,191
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.... 583,191
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

ADELANTE MUJERRES

2030 MAIN STREET A
FOREST GROVE,OR97116 		N/A PC GENERAL SUPPORT 10,000

ALLAIRE COMMUNITY FARM

1923 BAILEYS CORNER ROAD
WALL TOWNSHIP,NJ07719 		N/A PC GENERAL SUPPORT 25,000

THE CENTER FOR ART & ADVOCACY

22 BANCROFT PLACE
BROOKLYN,NY11233 		N/A PC GENERAL SUPPORT 10,000

BLOOM WHERE PLANTED

801 SOUTH PASADENA AVENUE
PASADENA,CA91105 		N/A PC GENERAL SUPPORT 20,000

BOOMER ESIASON FOUNDATION

200 B ARMSTRONG ROAD
GARDEN CITY PARK,NY11040 		N/A PC GENERAL SUPPORT 30,000

BRADLEY ANGLE

5432 N ALBINA AVENUE
PORTLAND,OR97217 		N/A PC GENERAL SUPPORT 5,000

CASA FOR CHILDREN

212 WASHINGTON STREET 912
NEWARK,NJ07102 		N/A PC GENERAL SUPPORT 5,000

CITTA

CHURCH STREET STATION PO BOX 3445
NEW YORK,NY10008 		N/A PC GENERAL SUPPORT 10,000

COALITION FOR THE HOMELESS

129 FULTON STREET
NEW YORK,NY10038 		N/A PC GENERAL SUPPORT 10,000

COUNT BASIE THEATER

99 MONMOUTH STREET
RED BANK,NJ07701 		N/A PC GENERAL SUPPORT 30,000

EARTH ISLAND INSTITUTE

2150 ALLSTON WAY SUITE 460
BERKELEY,CA94704 		N/A PC GENERAL SUPPORT 50,000

FRIENDS OF THE SOUTH HARWICH MEETINGHOUSE INC

270 CHATHAM ROAD
HARWICH,MA02645 		N/A PC GENERAL SUPPORT 5,000

GENTLE GIANTS DRAFT HORSE RESCUE

17250 OLD FREDERICK ROAD
MT AIRY,MD21771 		N/A PC GENERAL SUPPORT 75,000

GROW NYC

100 GOLD STREET SUITE 3300
NEW YORK,NY10038 		N/A PC GENERAL SUPPORT 2,500

JUSTICE OUTSIDE

1624 FRANKLIN STREET 520
OAKLAND,CA94612 		N/A PC GENERAL SUPPORT 25,000

LIFT

999 N CAPITOL STREET NE
WASHINGTON,DC20002 		N/A PC GENERAL SUPPORT 10,000

LITTLE ESSENTIALS

63 FLUSHING AVENUE BUILDING 131
SUITE 205
BROOKLYN,NY11205 		N/A PC GENERAL SUPPORT 10,000

LUNCH BREAK

121 DRS JAMES PARKER BLVD
RED BANK,NJ07701 		N/A PC GENERAL SUPPORT 25,000

MIB AGENTS

PO BOX 858
BARNARD,VT05031 		N/A PC GENERAL SUPPORT 10,000

MONMOUTH COUNTY SPCA

260 WALL STREET
EATONTOWN,NJ07724 		N/A PC GENERAL SUPPORT 510,000

MONMOUTH PARK CHARITY FUND

175 OCEANPORT AVENUE
OCEANPORT,NJ07757 		N/A PC GENERAL SUPPORT 1,000

NATIONAL DANCE INSTITUTE

217 W 147TH STREET
NEW YORK,NY10039 		N/A PC GENERAL SUPPORT 20,000

NONTOXIC CERTIFIED

145 PALISADE STREET SUITE 200
DOBBS FERRY,NY10522 		N/A PC GENERAL SUPPORT 5,000

OREGON TRADESWOMEN

454 SE 187TH AVENUE
PORTLAND,OR97233 		N/A PC GENERAL SUPPORT 10,000

PATH HOME

6220SE 92ND AVENUE
PORTLAND,OR97266 		N/A PC GENERAL SUPPORT 40,000

ROSE HAVEN

PO BOX 10405
PORTLAND,OR97296 		N/A PC GENERAL SUPPORT 5,000

ROUNDABOUT THEATER COMPANY

231 WEST 39TH STREET SUITE 1200
NEW YORK,NY10018 		N/A PC GENERAL SUPPORT 150,000

SOUP KITCHEN 411

PO BOX 1698
BETHLEHEM,PA18016 		N/A PC GENERAL SUPPORT 15,000

SYMPHONY SPACE

2357 BROADWAY
NEW YORK,NY10025 		N/A PC GENERAL SUPPORT 10,000

THE BRIDGE PROJECT

515 CANAL STREET 1C
NEW YORK,NY10013 		N/A PC GENERAL SUPPORT 25,000

THE BRIGID ALLIANCE

PO BOX 58
NEW YORK,NY10024 		N/A PC GENERAL SUPPORT 50,000

THE CLIMATE MUSEUM

630 NINTH AVENUE SUITE 1010
NEW YORK,NY10036 		N/A PC GENERAL SUPPORT 250,000

THE FRANCES FOUNDATION

8 BRYCE ROAD
HOLMDEL,NJ07733 		N/A PC GENERAL SUPPORT 2,000

THE METROPOLITAN OPERA

30 LINCOLN CENTER
NEW YORK,NY10023 		N/A PC GENERAL SUPPORT 25,000

WHARTON INSTITUTE FOR THE PERFORMING ARTS

60 LOCUST AVENUE
BERKELEY HEIGHTS,NJ07922 		N/A PC GENERAL SUPPORT 100,000

WOMEN MOVING MILLIONS INC

19 FULTON STREET 301
NEW YORK,NY10038 		N/A PC GENERAL SUPPORT 10,000

YMCA OF GREATER MONMOUTH COUNTY

170 PATTERSON AVENUE
SHREWSBURY,NJ07702 		N/A PC GENERAL SUPPORT 1,500
Total .................................right arrow 3a 1,597,000
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 72,119  
4 Dividends and interest from securities ....     14 450,323  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 205,179  
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) .. 0 727,621 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
727,621
(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:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX SERVICES 4,500 0   4,500
BOOKKEEPING SERVICES 0 0   0

TY 2023 ExplnOfNonFilingWithAGStmt
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Statement:
THE FOUNDATION IS NOT REQUIRED TO FILE WITH THE STATE OF NEW JERSEY

TY 2023 InvestmentsCorpBondsSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Name of Bond End of Year Book Value End of Year Fair Market Value
INTEL CORPORATION 2.45% 11/15/2029 USD SR LIEN 80,702 84,994
DOWDUPONT INC. 4.493% 11/15/2025 USD SR LIEN 78,395 77,887
AIR LEASE CORP 1.875% 08/15/2026 USD SR LIEN 63,610 64,909
BAXTER INTERNATIONAL INC. 1.73% 04/01/2031 USD SR LIEN 60,352 63,883
UNION PACIFIC CORPORATION 2.891% 04/06/2036 USD SER WI SR LIEN 52,278 58,877
WESTPAC BANKING CORP HYBRID 07/24/2034 USD SUB LIEN CPN 07/24/19 4.11% 54,149 55,982
PNC FINANCIAL SERVICES GROUP, HYBRID 01/24/2034 USD SR LIEN CPN 01/24/23 5.0 55,514 55,128
METLIFE, INC 5.7% 06/15/2035 USD SR LIEN 55,924 55,066
MORGAN STANLEY HYBRID 12/10/2026 USD SR LIEN CPN 12/10/20 0.985% 46,590 47,885
JPMORGAN CHASE & CO. HYBRID 03/13/2026 USD SR LIEN CPN 03/13/20 2.005% 45,649 47,378
BANK OF AMERICA CORPORATION HYBRID 07/22/2027 USD SR LIEN CPN 04/22/21 1.734 45,089 47,134
WELLS FARGO & COMPANY HYBRID MTN 04/25/2026 USD SR LIEN CPN 04/25/22 3.908% 45,836 46,408
3M COMPANY MTN 3.375% 03/01/2029 USD SR LIEN 45,481 45,492
STATE STREET CORPORATION HYBRID 11/04/2026 USD SR LIEN CPN 11/04/22 5.751% 45,190 45,091
DOW CHEMICAL CO/THE 4.25% 10/01/2034 USD SR LIEN 42,422 43,635
CITIGROUP INC. HYBRID 01/28/2027 USD SR LIEN CPN 01/28/21 1.122% 41,326 43,422
BERRY GLOBAL INC 1.57% 01/15/2026 USD SR LIEN 42,968 43,079
AETNA INC. 3.5% 11/15/2024 SR LIEN 42,481 42,466
WALT DISNEY COMPANY (THE) MTN 1.85% 07/30/2026 USD SR LIEN 42,211 42,445
MCKESSON CORPORATION 1.3% 08/15/2026 USD SR LIEN 42,243 42,418
REALTY INCOME CORPORATION 3.0% 01/15/2027 USD SR LIEN 41,865 42,390
ECOLAB INC. 2.7% 11/01/2026 USD SR LIEN 42,033 42,325
CAPITAL ONE FINANCIAL CORPORA HYBRID 05/10/2028 USD SR LIEN CPN 05/09/22 4.9 41,316 41,595
SUMITOMO MITSUI FINANCIAL GROU 3.944% 07/19/2028 USD SR LIEN 40,999 41,204
AT&T INC. 4.5% 05/15/2035 USD SR LIEN 39,102 39,152
CROWN CASTLE INTL CORP 1.05% 07/15/2026 USD SR LIEN 38,075 38,110
EBAY INC. 3.6% 06/05/2027 USD SR LIEN 37,627 37,830
JPMORGAN CHASE & CO. HYBRID 01/29/2027 USD SR LIEN CPN 01/29/19 3.96% 37,018 37,767
SERVICENOW, INC. 1.4% 09/01/2030 USD SR LIEN 35,846 37,277
THOMSON REUTERS CORPORATION 3.35% 05/15/2026 USD SR LIEN 36,867 36,702
DUKE ENERGY PROGRESS LLC 3.45% 03/15/2029 USD SR LIEN 36,149 36,664
BANK OF MONTREAL HYBRID MTN 01/22/2027 USD SR LIEN CPN 01/22/21 0.949% 34,791 36,130
FORTIVE CORPORATION 3.15% 06/15/2026 USD SER WI SR LIEN 34,546 34,521
DELL INT LLC / EMC CORP 4.9% 10/01/2026 USD SR LIEN 31,862 32,453
SOUTHERN COMPANY (THE) STEP 08/01/2027 USD JRSUB LIEN 5.113% 05/09/22-08/01/ 31,247 32,098
REALTY INCOME CORPORATION 5.625% 10/13/2032 USD SR LIEN 31,271 31,978
GENERAL MOTORS COMPANY 5.6% 10/15/2032 USD SR LIEN 29,557 31,092
VERIZON COMMUNICATIONS, INC. 4.016% 12/03/2029 USD SER WI SR LIEN 30,793 31,077
JOHN DEERE CAPITAL CORPORATION MTN 2.05% 01/09/2025 USD SR LIEN 29,262 29,482
UNITEDHEALTH GROUP INC 4.625% 07/15/2035 USD SR LIEN 28,320 28,788
GENERAL MOTORS FINL CO 4.3% 04/06/2029 USD SR LIEN 27,119 28,257
MORGAN STANLEY HYBRID MTN 10/21/2025 USD SR LIEN CPN 10/19/21 1.164% 26,748 27,978
BROADCOM CORPORATION 3.875% 01/15/2027 USD SER WI SR LIEN M-W+25.00BP 27,095 27,827
UNITEDHEALTH GROUP INCORPORATE 5.8% 03/15/2036 USD SR LIEN 25,278 27,800
DUKE ENERGY FLORIDA LLC 1.75% 06/15/2030 USD SR LIEN 27,476 27,602
ORACLE CORPORATION 2.8% 04/01/2027 USD SR LIEN 27,185 27,569
U.S. TREASURY NOTE 0.375000% 12/31/2025 JD ON THE RUN 27,037 26,937
DELL INTERNATIONAL L.L.C. 5.25% 02/01/2028 USD SR LIEN EMC CORP 25,364 26,185
OMNICOM GROUP INC. 3.6% 04/15/2026 USD SR LIEN 25,457 25,535
CVS HEALTH CORPORATION 4.875% 07/20/2035 USD SR LIEN 24,854 25,163
BANK OF NOVA SCOTIA (THE) 5.25% 12/06/2024 USD SR LIEN 25,050 25,072
MITSUBISHI UFJ FINANCIAL GROUP 4.05% 09/11/2028 USD SR LIEN 24,367 24,786
NXP B.V. 4.4% 06/01/2027 USD SR LIEN NXP FUNDING LLC / NXP USA INC 24,545 24,777
BECTON, DICKINSON AND COMPANY 3.734% 12/15/2024 USD SR LIEN 24,722 24,644
SIMON PROPERTY GROUP INC 1.75% 02/01/2028 USD SR LIEN 23,800 24,488
AUTONATION INC 4.75% 06/01/2030 USD SR LIEN 23,556 24,255
BANK OF NOVA SCOTIA 4.85% 02/01/2030 USD SR LIEN 22,557 23,448
EMERSON ELECTRIC CO 1.95% 10/15/2030 USD SR LIEN 22,876 23,428
VERIZON COMMUNICATIONS INC. 4.4% 11/01/2034 USD SR LIEN 22,635 23,312
CAPITAL ONE FINANCIAL CORPORAT HYBRID 03/01/2030 USD SR LIEN CPN 03/03/22 3. 21,617 22,623
ARCH CAPITAL FINANCE LLC 4.011% 12/15/2026 USD SR LIEN 21,496 21,381
NXP B.V. 2.5% 05/11/2031 USD SER WI SR LIEN 20,137 21,344
TELEDYNE TECHNOLOGIES IN 2.75% 04/01/2031 USD SR LIEN 19,987 21,081
AUTONATION INC 3.85% 03/01/2032 USD SR LIEN 19,554 20,763
CITIGROUP INC. HYBRID 11/05/2030 USD SR LIEN CPN 11/05/19 2.976% 19,590 20,611
WELLS FARGO & COMPANY HYBRID MTN 10/30/2030 USD SR LIEN CPN 10/31/19 2.879% 19,631 20,584
BANK OF AMERICA CORPORATION HYBRID MTN 10/22/2030 USD SR LIEN CPN 10/22/19 2 19,479 20,553
AMERICAN HONDA FINANCE MTN 0.75% 08/09/2024 SR LIEN 20,491 20,476
M&T BANK CORPORATION HYBRID 01/27/2034 USD SR LIEN CPN 01/27/23 5.053% 20,017 20,388
MORGAN STANLEY HYBRID 05/04/2027 USD SR LIEN CPN 04/22/21 1.593% 18,681 19,410
DOMINION RESOURCES, INC. 5.95% 06/15/2035 SER B SR LIEN 19,280 19,015
DOMINION ENERGY GAS HLDG 2.5% 11/15/2024 SER A SR LIEN 16,647 16,610
ALLY FINANCIAL INC. 5.125% 09/30/2024 SR LIEN 15,961 16,075
ERP OPERATING LP 2.85% 11/01/2026 USD SR LIEN 15,220 15,276
TOYOTA MOTOR CREDIT CORP 5.4% 11/10/2025 USD SR LIEN 14,225 14,315
FISERV INC 3.2% 07/01/2026 USD SR LIEN 13,419 13,705
NXP B.V. 3.875% 06/18/2026 USD SR LIEN 11,674 11,711
JOHN DEERE CAPITAL CORPORATION MTN 0.625% 09/10/2024 SR LIEN 11,677 11,652
VERIZON COMMUNICATIONS INC. 2.625% 08/15/2026 USD SR LIEN 10,494 10,590
BANK OF AMERICA CORPORATION HYBRID MTN 12/06/2025 USD SR LIEN CPN 12/06/21 1 10,176 10,586
MORGAN STANLEY HYBRID MTN 10/21/2025 USD SER I SR LIEN CPN 10/21/20 0.864% 10,119 10,586
AMERIPRISE FINANCIAL, INC. 3.7% 10/15/2024 SR LIEN 9,905 9,953
WELLS FARGO & COMPANY HYBRID MTN 10/30/2025 USD SR LIEN CPN 10/31/19 2.406% 9,492 9,769
JPMORGAN CHASE & CO. HYBRID 08/09/2025 USD SR LIEN CPN 08/10/21 0.768% 9,241 9,728
ABBVIE INC 2.6% 11/21/2024 SER WI SR LIEN 8,823 8,818
CALVERT HIGH YIELD BOND FUND CLASS I SHARES 1,428,679 1,479,635

TY 2023 InvestmentsCorpStockSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES CMN 37,998 39,171
ABBVIE INC CMN 57,292 56,099
ACCENTURE PLC CMN CLASS A 35,121 45,969
ADOBE INC CMN 32,247 55,484
ADOBE INC CMN 7,443 8,745
AGILENT TECHNOLOGIES, INC. CMN 8,695 8,203
AIR PRODUCTS & CHEMICALS INC CMN 13,537 12,321
AKAMAI TECHNOLOGIES, INC. CMN 2,202 3,195
ALASKA AIR GROUP INC(DEL HLDG) CMN 759 703
ALBEMARLE CORP CMN 5,907 3,756
ALEXANDRIA REAL ESTATE EQUITIES, INC. 4,570 4,057
ALLSTATE CORPORATION COMMON STOCK 7,126 7,699
ALPHABET INC. CMN CLASS A 112,682 169,165
ALPHABET INC. CMN CLASS C 96,147 145,158
AMAZON.COM INC CMN 169,978 281,849
AMCOR PLC CMN 3,408 2,882
AMERICAN AIRLINES GROUP INC CMN 1,696 1,745
AMERICAN EXPRESS CO. CMN 18,761 22,481
AMERICAN INTL GROUP, INC. CMN 8,767 10,027
AMERICAN TOWER CORPORATION CMN 20,580 21,156
AMERICAN WATER WORKS CO, INC. CMN 5,113 4,620
AMGEN INC. CMN 27,775 31,682
AON PUBLIC LIMITED COMPANY CMN 12,545 11,932
APPLE INC. CMN 420,435 578,360
APTIV PLC CMN 5,888 5,204
ARCHER-DANIELS-MIDLAND COMPANY CMN 9,295 7,800
ASSURANT, INC. CMN 907 1,179
AT&T INC. CMN 26,686 23,945
AUTODESK, INC. CMN 8,615 10,713
AUTOMATIC DATA PROCESSING INC CMN 20,879 19,802
AVALONBAY COMMUNITIES INC CMN 4,327 4,868
AVERY DENNISON CORPORATION CMN 3,018 3,437
BALL CORPORATION CMN 3,257 3,624
BANK OF AMERICA CORP CMN 46,805 48,687
BAXTER INTERNATIONAL INC CMN 4,413 3,866
BECTON, DICKINSON AND COMPANY CMN 14,550 14,142
BEST BUY CO INC CMN 3,009 2,975
BIOGEN INC. CMN 8,114 7,504
BLACKROCK, INC. CMN 22,779 26,789
BORGWARNER INC. CMN 1,804 1,685
BOSTON PROPERTIES, INC. COMMON STOCK 1,594 1,965
BOSTON SCIENTIFIC CORP. COMMON STOCK 14,364 17,632
BRISTOL-MYERS SQUIBB COMPANY CMN 30,327 21,961
BROADRIDGE FINANCIAL SOLUTIONS IN CMN 4,275 4,732
C.H. ROBINSON WORLDWIDE, INC. CMN 2,361 2,160
CAMPBELL SOUP CO CMN 1,852 1,427
CAPITAL ONE FINANCIAL CORP CMN 8,352 11,276
CARDINAL HEALTH, INC. CMN 3,725 4,939
CARNIVAL CORPORATION CMN 1,685 3,634
CARRIER GLOBAL CORPORATION CMN 7,538 10,111
CATERPILLAR INC (DELAWARE) CMN 24,842 31,341
CBOE GLOBAL MARKETS, INC CMN 2,401 3,393
CBRE GROUP, INC. CMN CLASS A 5,066 6,051
CENCORA INC CMN 5,349 6,778
CENTENE CORPORATION CMN 8,512 8,312
CF INDUSTRIES HOLDINGS, INC. CMN 3,105 3,101
CHARLES SCHWAB CORPORATION CMN 24,226 22,429
CHUBB LIMITED CMN 18,022 19,210
CIGNA GROUP/THE CMN 18,962 18,266
CISCO SYSTEMS, INC. CMN 40,514 42,184
CITIGROUP INC. CMN 17,923 19,753
CITIZENS FINANCIAL GROUP, INC. CMN 4,253 3,977
CME GROUP INC. CMN CLASS A 13,017 15,584
COCA-COLA COMPANY (THE) CMN 49,501 46,731
COLGATE-PALMOLIVE CO CMN 11,883 12,355
COMERICA INCORPORATED CMN 1,513 1,674
CONSTELLATION ENERGY CORP CMN 5,322 7,715
CORTEVA, INC. CMN 8,601 6,948
CSX CORPORATION CMN 12,885 14,527
CUMMINS INC COMMON STOCK 7,165 7,187
CVS HEALTH CORP CMN 23,038 20,688
DAVITA INC CMN 691 943
DEERE & COMPANY CMN 23,301 22,393
DELTA AIR LINES, INC. CMN 4,696 5,431
DIGITAL REALTY TRUST, INC. CMN 6,080 8,075
DOMINION ENERGY INC CMN 10,554 8,319
DOW INC CMN 7,451 7,842
DXC TECHNOLOGY COMPANY CMN 1,085 961
EATON CORP PLC CMN 13,475 19,988
EBAY INC. CMN 4,606 4,667
ECOLAB INC. CMN 7,493 9,719
EDWARDS LIFESCIENCES CORPORATI CMN 10,001 9,760
ELEVANCE HEALTH INC CMN 23,792 22,635
ELI LILLY & CO CMN 57,478 95,016
EMERSON ELECTRIC CO. CMN 9,746 11,193
ENTERGY CORPORATION CMN 4,715 4,351
EQUINIX, INC. REIT 12,923 15,302
EQUITY RESIDENTIAL CMN 3,891 4,037
ESSEX PROPERTY TRUST INC CMN 2,543 2,975
ESTEE LAUDER COS INC CL-A CMN CLASS A 11,878 7,020
ETSY, INC. CMN 2,725 2,026
EVEREST GROUP LTD CMN 2,742 2,829
EVERSOURCE ENERGY CMN 5,981 4,629
EXELON CORPORATION CMN 8,465 7,108
EXPEDITORS INTERNATIONAL OF WA CMN 2,955 3,562
EXTRA SPACE STORAGE INC. CMN 6,185 6,894
FACTSET RESEARCH SYSTEMS INC CMN 3,256 3,816
FEDERAL REALTY INVESTMENT TRUS CMN 1,469 1,546
FEDEX CORPORATION CMN 8,852 11,890
FIDELITY NATL INFO SVCS INC CMN 6,818 6,968
FIFTH THIRD BANCORP CMN 4,261 4,932
FMC CORPORATION CMN 2,892 1,513
FORD MOTOR COMPANY CMN 9,745 9,850
FORTINET, INC. CMN 8,735 7,843
FREEPORT-MCMORAN INC CMN 11,617 12,771
GENERAL MILLS INC CMN 10,041 7,947
GENERAL MOTORS COMPANY CMN 10,145 10,560
GILEAD SCIENCES CMN 21,206 20,496
GLOBE LIFE INC CMN 1,209 1,217
GS FINANCIAL SQUARE FEDERAL INSTRUMENTS FUND - FST SHARES 15,332 15,332
HALLIBURTON COMPANY CMN 6,695 6,435
HARTFORD FINANCIAL SRVCS GROUP CMN 4,501 4,742
HASBRO, INC. CMN 1,478 1,328
HEALTHPEAK OP, LLC CMN 2,280 1,960
HEWLETT PACKARD ENTERPRISE CO CMN 4,183 4,500
HILTON WORLDWIDE HOLDINGS INC. CMN 7,092 9,651
HOLOGIC INCORPORATED CMN 3,610 3,358
HOST HOTELS & RESORTS INC CMN 2,287 2,784
HP INC. CMN 4,836 5,206
HUMANA INC. CMN 13,238 11,903
HUNTINGTON BANCSHARES INCORPOR CMN 3,520 3,231
ILLINOIS TOOL WORKS CMN 13,135 15,193
ILLUMINA, INC CMN 6,313 4,316
INGERSOLL RAND INC CMN 4,320 6,110
INTEL CORPORATION CMN 23,616 42,562
INTERNATIONAL PAPER CO. CMN 2,614 2,784
INTERPUBLIC GROUP COS CMN 2,716 2,579
INTL BUSINESS MACHINES CORP CMN 25,024 30,093
INTL.FLAVORS & FRAGRANCE CMN 4,864 3,968
INVESCO LTD. CMN 2,637 2,783
IRON MOUNTAIN INCORPORATED CMN 3,301 4,479
J B HUNT TRANS SVCS INC CMN 2,597 2,996
JOHNSON CONTROLS INTERNATIONAL CMN 9,118 8,358
JPMORGAN CHASE & CO CMN 79,075 100,189
KELLANOVA CMN 2,632 2,292
KEURIG DR PEPPER INC CMN 6,739 6,397
KEYCORP CMN 2,863 2,909
KEYSIGHT TECHNOLOGIES, INC. CMN 5,965 5,727
KIMCO REALTY OP, LLC CMN 2,570 2,706
KINDER MORGAN INC CMN CLASS P 6,753 6,597
KLA CORP CMN 10,760 16,276
KROGER COMPANY CMN 6,512 6,079
LAM RESEARCH CORPORATION CMN 13,200 21,931
LINDE PLC CMN 33,842 41,482
LOWES COMPANIES INC CMN 24,090 26,706
LYONDELLBASELL INDUSTRIES N.V. CMN CLASS A 4,397 4,754
M&T BANK CORPORATION CMN 4,103 4,661
MARATHON PETROLEUM CORPORATION CMN 9,791 12,166
MARRIOTT INTERNATIONAL, INC CMN CLASS A 8,280 11,952
MARSH & MCLENNAN CO INC CMN 17,264 19,705
MASTERCARD INCORPORATED CMN CLASS A 59,939 72,507
MCCORMICK & CO NON VTG SHRS CMN 3,360 2,805
MEDTRONIC PUBLIC LIMITED COMPA CMN 22,091 22,819
MERCK & CO., INC. CMN 56,560 56,254
META PLATFORMS INC-CLASS A CMN CLASS A 138,062 160,698
METLIFE, INC. CMN 10,533 10,316
METTLER-TOLEDO INTL CMN 7,259 6,065
MICRON TECHNOLOGY, INC. CMN 12,164 18,860
MICROSOFT CORPORATION CMN 382,932 571,205
MOHAWK INDUSTRIES INC COMMON STOCK 1,106 1,139
MONDELEZ INTERNATIONAL, INC. CMN 18,378 19,846
MOODY'S CORPORATION CMN 10,449 14,060
MORGAN STANLEY CMN 24,970 26,763
MOSAIC COMPANY (THE) CMN 3,085 2,501
MSCI INC. CMN 8,862 10,182
NASDAQ INC. CMN 5,159 5,174
NEWMONT CORP CMN 10,611 9,478
NEWS CORPORATION CMN CLASS A 1,088 1,571
NEXTERA ENERGY, INC. CMN 33,100 25,268
NIKE CLASS-B CMN CLASS B 30,142 27,468
NORFOLK SOUTHERN CORP CMN 11,140 11,110
NORTHERN TRUST CORP CMN 4,848 4,557
NORWEGIAN CRUISE LINE HLDG LTD CMN 1,090 1,723
NVIDIA CORPORATION CMN 95,056 250,086
ON SEMICONDUCTOR CORPORATION CMN 6,140 7,434
ONEOK INC CMN 7,851 8,356
OTIS WORLDWIDE CORPORATION CMN 6,725 7,337
PACCAR INC CMN 7,258 10,351
PACKAGING CORP OF AMERICA COMMON STOCK 2,383 2,932
PARAMOUNT GLOBAL CMN CLASS B 2,256 1,553
PARKER-HANNIFIN CORP. CMN 8,274 12,439
PAYCHEX, INC. CMN 7,688 7,861
PAYPAL HOLDINGS, INC. CMN 16,350 13,756
PENTAIR PLC. CMN 1,451 1,963
PEPSICO, INC. CMN 50,173 47,725
PFIZER INC. CMN 53,279 33,022
PHILLIPS 66 CMN 9,031 11,983
PNC FINANCIAL SERVICES GROUP, CMN 12,084 12,233
PPG INDUSTRIES, INC. CMN 6,470 7,328
PRINCIPAL FINANCIAL GROUP, INC CMN 4,571 4,327
PROCTER & GAMBLE COMPANY (THE) CMN 71,259 70,486
PROLOGIS INC CMN 23,268 26,260
PRUDENTIAL FINANCIAL INC CMN 7,094 7,778
PUBLIC STORAGE CMN 9,573 10,065
PUBLIC-SVC ENTERPRISE GROUP HOLDING CO 6,439 6,421
PULTEGROUP INC. CMN 1,932 4,026
QUALCOMM INC CMN 26,802 33,120
QUEST DIAGNOSTICS INCORPORATED CMN 2,646 2,482
RALPH LAUREN CORP CMN CLASS A 926 1,154
REGENCY CENTERS CORPORATION CMN 1,723 1,876
REGENERON PHARMACEUTICAL INC CMN 15,688 18,444
REGIONS FINANCIAL CORPORATION CMN 3,357 3,275
REPUBLIC SERVICES INC CMN 5,219 6,596
ROBERT HALF INC CMN 1,597 1,846
ROCKWELL AUTOMATION INC CMN 6,500 7,452
ROYAL CARIBBEAN GROUP ISIN: LR0008862868 2,649 6,086
S&P GLOBAL INC. CMN 23,451 30,396
SALESFORCE INC CMN 30,102 52,102
SCHLUMBERGER LTD CMN 15,029 14,988
SEMPRA ENERGY CMN 9,787 9,491
SERVICENOW INC CMN 18,569 29,673
SIMON PROPERTY GROUP INC CMN 8,321 10,127
SOUTHWEST AIRLINES CO CMN 3,577 3,206
STANLEY BLACK & DECKER, INC. CMN 2,088 2,649
STARBUCKS CORP. CMN 23,531 22,274
STATE STREET CORPORATION (NEW) CMN 6,964 6,816
SYNCHRONY FINANCIAL CMN 3,239 4,010
SYSCO CORPORATION CMN 7,307 7,532
T-MOBILE US, INC. CMN 15,393 17,155
T. ROWE PRICE GROUP, INC. CMN 6,604 6,461
TAPESTRY, INC. CMN 2,196 1,951
TARGET CORPORATION CMN 15,283 13,815
TE CONNECTIVITY LTD CMN 7,430 8,852
TESLA, INC. CMN 86,989 140,391
THE BANK OF NY MELLON CORP CMN 8,963 10,098
THE HERSHEY COMPANY CMN 7,037 5,593
THE HOME DEPOT, INC. CMN 63,295 71,389
THE KRAFT HEINZ CO CMN 6,467 5,991
THE TRAVELERS COMPANIES, INC CMN 8,601 8,953
THE WILLIAMS COMPANIES, INC. CMN 7,514 8,220
THERMO FISHER SCIENTIFIC INC CMN 44,006 41,932
TJX COMPANIES INC (NEW) CMN 18,205 21,764
TRACTOR SUPPLY COMPANY CMN 5,037 4,731
TRANE TECHNOLOGIES PUBLIC LIMI CMN 8,112 11,463
TRUIST FINANCIAL CORPORATION CMN 12,133 10,596
TYSON FOODS INC CL-A CMN CLASS A 3,155 2,903
U.S. BANCORP CMN 13,508 13,806
UNION PACIFIC CORP. CMN 25,575 30,703
UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK 26,917 23,585
UNITED RENTALS, INC. CMN 5,778 8,601
UNITEDHEALTH GROUP INCORPORATE CMN 96,419 99,503
VENTAS, INC. CMN 3,569 3,987
VERISK ANALYTICS, INC. CMN 5,453 7,405
VERIZON COMMUNICATIONS, INC. CMN 33,734 32,611
VF CORP CMN 1,569 1,241
VIATRIS INC CMN 2,469 2,567
VISA INC. CMN CLASS A 70,100 85,134
W.W. GRAINGER INC CMN 5,428 7,458
WALGREENS BOOTS ALLIANCE, INC. CMN 5,254 3,760
WALT DISNEY COMPANY (THE) CMN 35,221 34,130
WASTE MANAGEMENT INC CMN 11,598 13,253
WATERS CORPORATION COMMON STOCK 3,590 3,622
WELLS FARGO & CO (NEW) CMN 31,046 36,964
WELLTOWER, INC. CMN 7,827 9,919
WESTROCK COMPANY CMN 1,502 1,910
WEYERHAEUSER COMPANY CMN 4,602 5,146
WHIRLPOOL CORP. CMN 1,502 1,339
WK KELLOGG CO CMN 160 131
XYLEM INC. CMN 4,789 5,261
YUM BRANDS, INC. CMN 6,933 7,056
PARNASSUS CORE EQUITY FUND INVESTOR CLASS 2,005,335 2,274,038
GS FINANCIAL SQUARE FEDERAL INSTRUMENTS FUND - FST SHARES 58,240 58,240
SPX TECHNOLOGIES INC CMN 23,999 36,061
ONTO INNOVATION INC. CMN 16,032 35,779
FEDERAL SIGNAL CORPORATION CMN 19,764 32,384
BRIGHT HORIZONS FAMILY SOL INC CMN 21,706 28,837
TOPBUILD CORP. CMN 13,477 28,070
THE BANCORP INC CMN 20,881 27,300
MGIC INVESTMENT CORP COMMON STOCK 17,942 26,582
MUELLER WATER PRODUCTS, INC. CMN SERIES A 21,046 25,517
ASSURED GUARANTY LTD. CMN 20,308 25,442
H.B. FULLER COMPANY CMN 21,387 24,830
KADANT INCORPORATED CMN 17,872 23,266
ENPRO INC CMN 18,913 23,198
AZEK COMPANY INC. (THE) CMN 12,995 23,027
CABLE ONE INC. CMN 27,643 22,264
TREEHOUSE FOODS, INC. CMN 24,700 21,844
WEX INC. CMN 18,710 21,401
NEOGENOMICS, INC. CMN 16,433 21,083
EASTERN BANKSHARES INC CMN 22,401 21,044
WORKIVA INC. CMN 17,154 20,306
ASSURANT, INC. CMN 15,428 19,882
CTS CORPORATION CMN 18,691 19,832
NEXSTAR MEDIA GROUP INC CMN 21,942 19,751
EASTGROUP PROPERTIES INC CMN 16,570 19,590
ENCOMPASS HEALTH CORPORATION CMN 15,464 18,657
NCR ATLEOS CORP CMN 16,661 18,582
HEALTHEQUITY, INC. CMN 16,525 18,299
AVIDXCHANGE HOLDINGS, INC. CMN 12,619 17,668
KARUNA THERAPEUTICS, INC. CMN 10,766 17,408
INGEVITY CORPORATION CMN 26,675 17,377
INARI MEDICAL INC CMN 16,474 16,944
NCR VOYIX CORP CMN 15,978 16,758
DIGITALBRIDGE GROUP, INC. CMN 10,450 15,988
ESSENTIAL PROPERTIES REALTY TRUST, INC. CMN 14,050 15,610
COMFORT SYSTEMS USA INC COMMON STOCK 8,613 15,220
PACIFIC PREMIER BANCORP, INC CMN 15,101 14,992
ZURN ELKAY WATER SOLUTIONS COR CMN 10,570 14,705
ASCENDIS PHARMA A/S SPONSORED ADR CMN 12,929 14,610
WSFS FINANCIAL CORP CMN 14,443 14,146
WOODWARD INC CMN 10,827 14,021
NEUROCRINE BIOSCIENCES, INC. CMN 11,879 13,967
BLACKLINE, INC. CMN 14,931 13,862
VALMONT INDUSTRIES INC CMN 15,305 13,578
LITTELFUSE, INC. CMN 11,718 13,378
WYNDHAM HOTELS & RESORTS, INC. CMN 10,947 13,026
DYNATRACE HOLDINGS LLC CMN 8,992 12,633
BLUEPRINT MEDICINES CORP CMN 5,851 12,360
INFINERA CORPORATION CMN 16,319 11,908
POWER INTEGRATIONS, INC. CMN 11,122 11,824
EQUITY COMMONWEALTH CMN 11,686 11,789
VISTA OUTDOOR INC. CMN 10,100 11,769
PHREESIA INC CMN 16,381 11,297
PROSPERITY BANCSHARES, INC. CMN 10,882 11,063
FIRST WATCH RESTAURANT GROUP, CMN 9,099 10,995
SI-BONE, INC. CMN 7,972 10,579
PRIMERICA, INC. CMN 7,163 10,494
CHARLES RIV LABS INTL INC CMN 9,112 10,165
ACCOLADE, INC. CMN 8,876 9,968
SPROUTS FMRS MKT INC CMN 6,636 9,959
ORTHOPEDIATRICS CORP CMN 12,026 9,525
UMB FINANCIAL CORP CMN 9,089 9,233
SITEONE LANDSCAPE SUPPLY, INC. CMN 6,348 8,125
ALIGNMENT HEALTHCARE INC CMN 8,728 7,491
ASPEN TECHNOLOGY, INC. CMN 7,067 7,485
LIFESTANCE HEALTH GROUP, INC. CMN 7,006 7,439
ENTEGRIS, INC. CMN 4,226 7,069
ENVESTNET, INC. CMN 7,744 6,438
JOHN BEAN TECHNOLOGIES CORPORA CMN 2,399 2,688
CHOICE HOTELS INTERNATIONAL, I CMN 2,214 2,272
ADYEN N.V. ADR CMN 8,762 8,106
AIA GROUP LIMITED SPONSORED ADR CMN SERIES 12,428 10,249
AIR LIQUIDE SA ADR CMN 6,164 7,899
ALCON, INC. CMN 9,145 10,234
ALFA LAVAL AB UNSPONSORED ADR CMN 8,074 10,487
ALLIANZ SE ADR CMN 23,609 28,598
ASSA ABLOY AB UNSPONSORED ADR (SWEDEN) 5,687 7,504
ATLAS COPCO AB SPONS ADR NEW REPSTG COM SER-A 8,289 12,106
BANCO BILBAO VIZCAYA S A ADR SPONSORED ADR CMN USD0.3296 9,535 13,383
BHP GROUP LTD SPONSORED ADR CMN 16,275 18,034
BIONTECH SE SPONSORED ADR CMN 7,913 8,443
CANADIAN NATIONAL RAILWAY CO. CMN 6,758 7,161
CHUGAI PHARMACEUTICAL CO., LTD UNSPONSORED ADR CMN 14,846 21,466
CREDICORP LTD. CMN 5,610 5,997
DAIFUKU CO., LTD. ADR CMN 4,613 5,564
DASSAULT SYSTEMES SPONSORED ADR CMN 15,215 19,594
DBS GROUP HOLDINGS SPONSORED ADR CMN 23,559 23,707
ENN ENERGY HOLDINGS LIMITED ADR CMN 7,411 3,888
EPIROC AB ADR CMN 9,513 10,253
FOMENTO ECONOMICO MEXICANO SAB DE C.V. NEW SPONS ADR REPSTG UNIT 1 SER B SH 13,381 21,638
GENMAB A/S SPONSORED ADR CMN 9,287 7,737
GS FINANCIAL SQUARE FEDERAL INSTRUMENTS FUND - FST SHARES 28,850 28,850
HAIER SMART HOME CO.,LTD. ADR CMN 21,380 18,727
HALEON PLC SPONSORED ADR CMN 13,030 13,045
HDFC BANK LIMITED SPONSORED ADR CMN 10,096 10,469
ICICI BANK LIMITED SPONS ADR 6,543 7,176
INFINEON TECHNOLOGIES AG - ADR SPONSORED ADR CMN 1 ADR = 1 SHARE 22,922 28,436
KOMATSU LTD ADR (NEW) SPONSORED GDS CMN 7,986 9,051
LOREAL CO (ADR) ADR CMN 16,186 21,008
LINDE PLC CMN 8,065 9,857
MANULIFE FINANCIAL CORP CMN 13,408 16,133
NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS) 8,954 8,921
NITORI HOLDINGS CO., LTD. ADR CMN 6,207 6,817
NOVOZYMES A/S UNSPONSORED ADR CMN 4,846 5,334
P.T. TELEKOMUNIKASI INDONESIA ADS ( 1 ADS --> 40 ORD SHS) 6,693 7,007
PING AN INS GRP CO OF CHINA SPONSORED ADR CMN 4,580 3,160
RIO TINTO PLC SPONSORED ADR 12,207 13,031
ROCHE HOLDING AG ADR B SHS(NOM CHF 100) VAL 224.184 11,731 11,184
SAP SE (SPON ADR) 13,654 18,551
SCHNEIDER ELECTRIC SE UNSPONSORED ADR (FRANCE) SCHNEIDER ELECTRIC SE UNSPONS 10,055 14,257
SHIMANO INC. ADR CMN 4,679 4,461
SHIONOGI & CO., LTD. UNSPONSORED ADR CMN 6,797 6,799
SHISEIDO CO., LTD. SPONSORED ADR CMN 6,268 3,981
SONOVA HOLDING AG (THE) UNSPONSORED ADR CMN 5,072 6,847
SONY GROUP CORPORATION SPONSORED ADR CMN 13,977 15,245
SYMRISE AG UNSPONSORED ADR CMN 8,787 9,053
SYSMEX CORPORATION ADR CMN 6,459 5,630
TAIWAN SEMICONDUCTOR MFG ADS LTD ADS 1ADS EQUALS 5ORDS 20,362 25,272
TENCENT HOLDINGS LIMITED UNSPONSORED ADR CMN ADD ADR REL 19358779 6,913 6,542
UNICHARM CORP. SPONSORED ADR CMN 8,943 8,273
XP INC CMN CLASS A 2,972 5,423
A.P. MOLLER - MAERSK A/S ADR CMN 2,134 1,799
ABB LTD SPONSORED ADR CMN 8,574 10,725
ADIDAS AG ADR CMN 4,720 5,696
ADVANTEST CORPORATION SPONSORED ADR CMN 4,850 7,111
AENA SME SA ADR CMN 1,061 1,287
AEROPORTS DE PARIS ADR CMN 730 596
AIA GROUP LIMITED SPONSORED ADR CMN SERIES 20,847 17,499
AIR LIQUIDE SA ADR CMN 15,851 18,288
AISIN CORP ADR CMN 830 980
AJINOMOTO INC (ADR) ADR CMN 3,945 4,669
AKTIEBOLAGET ELECTROLUX ADR SPONSORED CL B 2,480 2,038
AKZO NOBEL N.V. SPONSORED ADR CMN 2,789 3,058
ALGONQUIN POWER & UTILITIES CO CMN 3,035 2,768
ALLIANZ SE ADR CMN 17,017 18,736
AMADEUS IT GROUP SA ADR CMN 4,301 4,730
AMPOL LIMITED ADR CMN 2,211 2,615
ANZ GROUP HOLDINGS LTD ADR CMN 18,851 19,951
ASHAI KASEI CORP ADR CMN 2,781 2,874
ASICS CORP ADR CMN 2,215 2,476
ASM INTERNATIONAL N.V. ADR CMN SERIES REG SHARES 3,781 5,191
ASML HOLDING N.V. ADR CMN 51,369 58,283
ASSA ABLOY AB UNSPONSORED ADR (SWEDEN) 9,432 11,249
ASSICURAZIONI GENERALI SPA UNSPONSORED ADR CMN 6,061 6,257
ASTELLAS PHARMA INC. UNSPONSORED ADR CMN 5,604 4,819
ASTRAZENECA PLC SPONS ADR SPONSORED ADR CMN 47,813 47,347
ATLAS COPCO AB SPONS ADR NEW REPSTG CL-B 1,322 1,764
ATLAS COPCO AB SPONS ADR NEW REPSTG COM SER-A 11,082 14,242
AXA-UAP AMERICAN DEPOSITARY SHARES 9,867 10,392
BANCO BILBAO VIZCAYA S A ADR SPONSORED ADR CMN USD0.3296 7,221 8,837
BANCO SANTANDER, S.A. SPON ADR 9,735 11,290
BANK OF MONTREAL CMN 19,344 20,580
BANK OF NOVA SCOTIA (THE) CMN 16,181 15,922
BARCLAYS PLC,AMER DEP SHS ADR CMN 8,518 8,432
BARRICK GOLD CORPORATION CMN 10,270 10,203
BAYERISCHE MOTOREN WERKE AKTIE SPONSORED ADR CMN 3,741 4,008
BCE INC. CMN 2,411 2,087
BEZEQ - THE ISRAEL TELECOMMUNI UNSPONSORED ADR CMN 2,648 2,606
BNP PARIBAS SPONSORED ADR CMN 13,551 14,623
BOLIDEN AB (PUBL) UNSPONSORED ADR CMN 7,239 5,992
BRAMBLES LIMITED SPONSORED ADR CMN 6,421 6,737
BRENNTAG AG ADR CMN 2,000 2,482
BRIDGESTONES CORP. ADR ADR CMN 4,459 4,805
BUREAU VERITAS ADR CMN 2,679 2,526
CAE INC. CMN 3,090 3,109
CANADIAN IMPERIAL BANK OF COMMERCE CMN 12,419 13,720
CANADIAN NATIONAL RAILWAY CO. CMN 18,792 19,724
CANADIAN PACIFIC KANSAS CITY L CMN 19,723 20,239
CANON INC ADR SPONSORED ADR CMN 4,322 4,853
CAP GEMINI ADR CMN 5,759 6,464
CASIO COMPUTER (ADR) ADR CMN 523 434
CELLNEX TELECOM SA ADR CMN 4,257 4,491
CGI INC. CMN 4,545 5,039
CHUGAI PHARMACEUTICAL CO., LTD UNSPONSORED ADR CMN 3,843 5,551
COLOPLAST A/S SPONSORED ADR CMN 1,375 1,258
COMMONWEALTH BANK OF AUSTRALIA SPONSORED ADR CMN 38,815 41,500
COMPAGNIE DE SAINT-GOBAIN UNSPONSORED ADR CMN 7,208 8,556
COMPAGNIE GENERALE DES ETABLIS UNSPONSORED ADR CMN 4,106 4,626
CRH PUBLIC LIMITED COMPANY CMN 13,944 18,397
DAI NIPPON PRINTING LTD SPONSORED ADR CMN 1,434 1,539
DAI-ICHI LIFE HOLDINGS INC ADR CMN DAI-ICHI LIFE HOLDINGS INC 2,133 2,441
DAIICHI SANKYO CO LTD SPONSORED ADR CMN 11,323 9,997
DAIKIN INDUSTRIES, LTD. UNSPONSORED ADR CMN 11,099 10,973
DAIWA HOUSE IND LTD (ADR) ADR CMN 4,454 5,666
DANONE SPONSORED ADR CMN 4,568 5,043
DASSAULT SYSTEMES SPONSORED ADR CMN 4,544 5,619
DBS GROUP HOLDINGS SPONSORED ADR CMN 10,929 10,942
DENSO CORP ADR ADR CMN 6,699 7,528
DENTSU INC. TOKYO UNSPONSORED ADR CMN 2,658 2,258
DEUTSCHE BANK AG CMN 5,868 6,396
DEUTSCHE BOERSE AG UNPOSNORED ADR CMN 5,318 5,975
DEUTSCHE POST AG SPONSORED ADR CMN 6,481 7,185
DEUTSCHE TKM ADR SPONSORED ADR CMN 10,980 11,220
DEUTSCHE WOHNEN AG ADR CMN 2,196 2,327
DISCO CORPORATION ADR CMN 4,018 6,923
DSV PANALPINA A/S UNSPONSORED ADR CMN 6,765 6,500
E.ON AG SPONSORED ADR CMN 2,619 2,845
EBARA CORP ADR ADR CMN 2,949 3,434
ENBRIDGE INC. CMN 19,081 17,650
ENDESA SA ADR CMN 2,562 2,376
ENERGIAS DE PORTUGAL SA SPONSORED ADR CMN 9,238 9,258
ENGIE SPONSORED ADR CMN 5,337 5,943
EPIROC AB ADR CMN 7,277 7,564
ERICSSON AMERICAN ADR CMN CLASS B 6,223 6,634
FANUC CORPORATION UNSPONSORED ADR CMN 7,174 6,324
FAST RETAILING CO LTD UNSPONSORED ADR CMN 7,909 9,158
FERRARI N.V. CMN 5,579 6,769
FLEX LTD. CMN 1,805 2,345
FORTESCUE METALS GROUP LTD SPONSORED ADR CMN 8,593 10,733
FRESENIUS MEDICAL CARE AG SPONSORED ADR CMN 2,084 2,229
FUJI ELECTRIC CO., LTD. ADR CMN 842 904
FUJIFILM HOLDINGS CORPORATION ADR CMN 4,296 4,928
FUJITSU LTD ADR (5 COM) ADR CMN 6,256 6,610
GEBERIT AG ADR CMN 2,171 2,562
GILDAN ACTIVEWEAR INC. CMN 1,745 1,917
GIVAUDAN SA ADR CMN 3,259 4,140
GLOBANT S.A. CMN 2,962 4,046
GOLAR LNG LIMITED CMN 209 230
GRIFOLS S A ADR CMN 1,480 1,977
GS FINANCIAL SQUARE FEDERAL INSTRUMENTS FUND - FST SHARES 10,535 10,535
GSK PLC ADR CMN 15,816 16,455
HEIDELBERG MATERIALS AG ADR CMN 2,472 2,861
HENKEL AG & CO. KGAA SPONSORED ADR USD0.6392 REPSTG PFD SHARES 1,600 1,771
HENKEL AG AND CO. KGAA SPONSORED ADR REPSTG ORDINARY SHRS 213 233
HITACHI CONSTR MACHY CO LTD UNSPONSORED ADR CMN 980 1,110
HITACHI LTD (ADR 10 COM) ADR CMN 10,061 13,129
HONDA MTR LTD (AMER SHS) ADR CMN 9,734 11,653
HONG KONG EXCHANGES & CLEARING UNSPONSORED ADR CMN 12,032 9,747
HONGKONG LAND HOLDINGS LTD UNSPONSORED ADR CMN 566 418
HSBC HOLDINGS PLC SPONSORED ADR CMN 28,261 31,297
IBERDROLA SOCIEDAD ANONIMA SPONSORED ADR CMN 13,183 14,109
INDUSTRIA DE DISENO TEXTIL, S. ADR CMN 6,146 7,622
INFINEON TECHNOLOGIES AG - ADR SPONSORED ADR CMN 1 ADR = 1 SHARE 6,873 7,808
INTERCONTINENTAL HOTELS GROUP SPONSORED ADR CMN 5,994 8,206
INTESA SANPAOLO SPA SPONSORED ADR CMN 5,757 6,483
ITOCHU TECHNO-SOLUTIONS CORPOR ADR CMN 1,594 1,688
JAPAN AIRLINES CO., LTD. ADR CMN 762 709
JERONIMO MARTINS SGPS SA UNSPONSORED ADR CMN 2,192 2,291
JTEKT CORPORATION UNSPONSORED ADR CMN 321 356
KBC GROUP NV UNSPONSORED ADR CMN 14,996 14,433
KDDI CORPORATION UNSPONSORED ADR CMN 9,504 9,991
KERING ADR CMN 10,214 8,374
KESKO OYJ UNSPONSORED ADR CMN REPRESENTING B SHARES (FINLAND 1,742 1,505
KINGSPAN GROUP PUBLIC LIMITED UNSPONSRED ADR CMN 2,902 3,811
KNORR-BREMSE AG ADR CMN 715 714
KOMATSU LTD ADR (NEW) SPONSORED GDS CMN 6,804 7,456
KONE OYJ UNSPONSORED ADR CMN REPRESENTING B SHARES (FINLAND 2,546 2,395
KONINKLIJKE AHOLD N.V. SPONSORED ADR CMN 5,719 5,489
KUBOTA CORP ADR ADR CMN 4,534 4,742
KUEHNE & NAGEL INTERNATIONAL A UNSPONSORED ADR CMN 2,007 2,755
KURITA WATER INDUSTRIES LIMITE UNSPONSORED ADR CMN 1,454 1,253
LOREAL CO (ADR) ADR CMN 19,650 22,899
LEGRAND SA ADR CMN 4,971 5,509
LIXIL GROUP CORPORATION ADR CMN 2,540 2,198
LLOYDS BANKING GROUP PLC SPONSORED ADR CMN 10,415 10,339
LVMH MOET HENNESSY LOUIS VUITTON S.A. ADR CMN 43,833 42,140
MANULIFE FINANCIAL CORP CMN 10,736 12,266
MARUI LTD (ADR NEW) ADR CMN 1,057 1,107
MEDIOBANCA - BANCA DI CREDITO UNSPONSORED ADR CMN 1,063 1,263
MEIJI HOLDINGS CO LTD ADR CMN 344 333
MERCEDES-BENZ GROUP AG ADR CMN 9,646 9,103
MERCK KGAA SPONSORED ADR CMN 3,522 3,024
MINERAL RES LTD ADR CMN 2,836 2,102
MITSUBISHI CHEMICAL HOLDINGS C UNSPONSORED ADR CMN 1,476 1,563
MITSUBISHI ELECTRIC CORP (ADR) ADR CMN 6,201 7,515
MITSUBISHI ESTATE LTD ADR ADR CMN 6,067 6,684
MITSUBISHI UFJ FINL GROUP, INC SPONSORED ADR CMN 17,124 19,579
MITSUI CHEMICALS, INC. UNSPONSORED ADR CMN 916 1,157
MITSUI FUDOSAN CO., LTD. UNSPONSORED ADR CMN 6,123 7,874
MITSUI O.S.K. LINES, LTD. ADR CMN 4,344 5,271
MIZUHO FINANCIAL GROUP, INC. SPONSORED ADR CMN 7,519 8,139
MONCLER S P A ADR CMN 2,823 2,769
MS&AD INSURANCE GROUP HOLDINGS ADR CMN 4,828 5,468
MUENCHENER RUECKVERSICHERUNGS- UNSPONSORED ADR CMN 8,379 9,572
MURATA MANUFACTURING CO., LTD. UNSPONSORED ADR CMN 5,813 6,698
NATIONAL AUSTRALIA BANK LIMITE SPONSORED ADR (NEW) 10,804 10,537
NATIONAL GRID PLC SPONSORED ADR CMN 17,420 18,085
NATWEST GROUP PLC SPONSORED ADR CMN 9,462 8,428
NESTE OYJ UNSPONSORED ADR CMN 2,532 1,957
NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS) 57,641 56,074
NIKON CORP (ADR) ADR CMN 927 901
NIPPON TELEG & TEL SPON ADR SPONSORED ADR CMN (1 ADR = 1/2 COMMON SHS) 4,366 4,553
NITERRA CO.,LTD. UNSPONSORED ADR CMN 496 618
NOKIA CORPORATION SPONSORED ADR CMN 3,238 2,370
NOMURA HOLDINGS, INC. SPONSORED ADR CMN 4,704 5,263
NOMURA RESEARCH INSTITUTE, LTD ADR CMN 4,613 5,323
NORDEA BANK ABP SPONSORED ADR CMN 4,670 5,518
NOVARTIS AG-ADR SPONSORED ADR CMN 31,841 36,551
NOVO-NORDISK A/S ADR ADR CMN 38,455 52,035
NOVOZYMES A/S UNSPONSORED ADR CMN 2,553 2,805
NSK LTD ADR ADR CMN 995 996
NTT DATA GROUP CORP UNSPONSORED ADR CMN 2,316 2,155
NUTRIEN LTD. CMN 10,376 8,393
OLYMPUS CORPORATION ADR CMN 5,220 4,632
OMRON CORP. SPONSORED ADR CMN 2,824 2,615
ORANGE ADR 4,319 4,355
ORIENTAL LAND CO., LTD. ADR CMN 8,056 8,716
ORSTED A/S ADR CMN 4,531 3,402
PANASONIC HOLDINGS CORPORATION ADR CMN 3,668 3,388
PEARSON PLC SPON ADR SPONSORED ADR CMN 3,726 3,957
PROSUS NV SPONSORED ADR CMN 8,752 7,339
PRUDENTIAL CORP (ADR) ADR CMN 12,785 12,550
PRYSMIAN S.P.A. UNSPONSORED ADR CMN 2,482 2,865
PUBLICIS GROUPE SA SPONSORED ADR CMN 2,337 3,062
QBE INSURANCE GROUP LIMITED SPONSORED ADR CMN 1,947 1,950
RELX PLC SPONSORED ADR CMN 15,811 20,425
RENTOKIL INITIAL PLC ADR + SPONSORED ADR CMN 9,834 9,470
RESONAC HOLDINGS CORP ADR CMN 448 518
RIO TINTO PLC SPONSORED ADR 34,447 35,741
ROCHE HOLDING AG ADR B SHS(NOM CHF 100) VAL 224.184 35,603 34,643
ROGERS COMMUNICATIONS INC CMN CLASS B 6,626 6,600
ROHM CO.,LTD. UNSPONSORED ADR CMN 1,517 1,534
ROYAL BANK OF CANADA CMN 36,087 37,418
SAMPO OYJ UNSPONSORED ADR CMN REPRESENTING A SHARES (FINLAND 3,578 3,194
SAND VIK (ADR) ADR CMN 7,054 7,445
SANDOZ GROUP AG ADR CMN 1,564 2,026
SANOFI SPONSORED ADR CMN 20,606 20,737
SAP SE (SPON ADR) 20,707 25,044
SCHNEIDER ELECTRIC SE UNSPONSORED ADR (FRANCE) SCHNEIDER ELECTRIC SE UNSPONS 18,179 21,486
SECOM LTD (ADR) ADR CMN 3,742 4,376
SEKISUI HOUSE, LTD SPONSORED ADR CMN 1,604 1,777
SEVEN & I HOLDINGS CO., LTD. UNSPONSORED ADR CMN 8,175 7,322
SGS SA ADR CMN 2,263 2,129
SHIN-ETSU CHEMICAL CO., LTD. UNSPONSORED ADR CMN 14,268 18,425
SHIONOGI & CO., LTD. UNSPONSORED ADR CMN 2,430 2,580
SHISEIDO CO., LTD. SPONSORED ADR CMN 5,713 4,373
SIEMENS AKTIENGESELLSCHAFT SPONSORED ADR CMN 20,412 23,651
SIEMENS HEALTHINEERS AG ADR CMN 3,256 3,341
SIKA AG ADR CMN 9,111 10,764
SINGAPORE AIRLINES LIMITED UNSPONSORED ADR CMN 864 796
SINGAPORE TELECOMMUNICATIONS L SPONSORED ADR CMN 3,202 3,258
SKANSKA AB SPONSORED ADR CMN 3,836 4,125
SKF AB SPONSORED ADR SWKR 12.50 2,978 3,196
SMITH & NEPHEW PLC ADR CMN 7,922 7,775
SODEXO SPONSORED ADR CMN 1,053 1,100
SOFTBANK CORP. ADR CMN 4,362 4,655
SOFTBANK GRP CORP UNSPONSORED ADR CMN 9,535 9,977
SOMPO JAPAN NIPPONKOA HLDGS IN ADR CMN 3,765 4,133
SONOVA HOLDING AG (THE) UNSPONSORED ADR CMN 3,206 3,912
SONY GROUP CORPORATION SPONSORED ADR CMN 21,257 23,010
SPARK NEW ZEALAND LTD SPONSORED ADR CMN 3,407 3,509
STANTEC INC. CMN 2,976 3,849
STELLANTIS NV CMN 7,594 9,678
STMICROELECTRONICS NV ADR CMN 7,282 7,620
STORA ENSO OYJ SPONSORED ADR CMN 1,143 1,148
SUBARU CORP ADR CMN 2,594 2,265
SUBSEA 7 SA SPONSORED ADR CMN 2,354 2,816
SUMCO CORPORATION ADR CMN 579 570
SUMITOMO CHEMICAL CO., LTD. UNSPONSORED ADR CMN 2,703 2,013
SUMITOMO ELECTRIC LTD (ADR) ADR CMN 3,742 3,935
SUMITOMO METAL MINING CO LTD ADR CMN 1,978 1,446
SUMITOMO MITSUI FINANCIAL GRP SPONSORED ADR CMN 11,621 12,613
SUN HUNG KAI PROP LTD SPON ADR SPONSORED ADR CMN 4,965 3,904
SUN LIFE FINANCIAL INC. CMN 9,038 9,490
SWEDBANK A B ADR CMN 5,736 6,375
SWISS RE LTD SPONSORED ADR CMN 3,537 3,932
SWISSCOM AMERICAN DEPOSITARY SHARES 673 601
SYSMEX CORPORATION ADR CMN 3,601 3,289
TAIYO YUDEN LTD ADR ADR CMN 964 741
TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADR CMN 9,271 8,533
TDK CORPORATION (ADR) ADR 4,078 5,289
TELEFONICA S.A. ADR SPONSORED ADR CMN 4,405 4,313
TELENOR ASA AMERICAN DEPOSITARY SHARES 1 ADS = 3 ORDS 6,144 6,682
TELSTRA GROUP LTD SPONSORED ADR CMN 5,624 5,485
TENARIS S.A. SPONSORED ADR CMN 2,076 2,398
TERNA RETE ELETTRICA NAZIONALE ADR CMN 5,636 5,883
TERUMO CORPORATION ADR CMN 6,377 7,147
TEVA PHARMACEUTICAL IND LTD ADS 9,215 10,482
THOMSON REUTERS CORPORATION CMN 3,399 3,802
TOKIO MARINE HOLDINGS, INC. ADR CMN 8,346 9,362
TOKYO ELECTRON LIMITED UNSPONSORED ADR CMN 13,247 18,183
TORAY INDUSTRIES INC ADR ADR CMN 2,015 1,882
TORONTO DOMINION BANK CMN 29,915 30,501
TOSHIBA CORPORATION UNSPONSORED ADR CMN 2,671 2,543
TOTO LTD (ADR) SPONSORED ADR CMN 2,273 1,738
TOYOTA MOTOR CORPORATION SPON ADR 33,667 41,077
UBS GROUP AG CMN 14,170 19,498
UNICREDIT, SOCIETA PER AZIONI ADR 9,166 9,864
UNILEVER PLC (NEW) SPONSORED ADR CMN 30,744 29,767
UOL GROUP LIMITED SPONSORED ADR CMN 3,475 3,694
UPM-KYMMENE OYJ ADR CMN 5,523 5,719
VEOLIA ENVIRONNEMENT SPONSORED ADR CMN 4,243 4,417
VESTAS WIND SYSTEMS A/S ADR CMN 2,876 2,953
VINCI SA ADR CMN 12,127 13,188
VODAFONE GROUP PLC ADR CMN 11,524 9,640
VOLKSWAGEN AKTIENGESELLSCHAFT ADR CMN 5,469 5,113
VOLKSWAGEN AKTIENGESELLSCHAFT ADR CMN SERIES 1,074 785
VOLVO AB ADR CMN 13,243 16,334
VOLVO CAR AB CMN 158 123
VONOVIA SE ADR CMN 9,748 10,798
WESFARMERS LIMITED ADR CMN 18,880 20,395
WILMAR INTERNATIONAL LIMITED UNSPONSORED ADR CMN 2,083 1,786
WPP PLC ADR CMN 11,222 9,704
YAMAHA CORPORATION SPONSORED ADR CMN 1,743 1,178
YAMAHA MOTOR CO., LTD. UNSPONSORED ADR CMN 1,608 1,993
YARA INTERNATIONAL ASA SPONSORED ADR CMN 7,197 6,491
YASKAWA ELECTRIC CORP ADR CMN 4,113 4,679
YOKOGAWA ELECTRIC CORPORATION ADR CMN 487 534
ZURICH INS GROUP LTD SPONSORED ADR CMN 12,316 13,058
GS STRATEGIC FACTOR ALLOCATION FUND CLASS P 466,316 502,923
GS TACTICAL TILT OVERLAY FUND CLASS P 944,815 940,893

TY 2023 InvestmentsGovtObligationsSch
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
US Government Securities - End of Year Book Value:

1,665,828
US Government Securities - End of Year Fair Market Value:

1,709,525
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 OtherDecreasesSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Description Amount
RECLAIMABLE TAX-NONDEDUCTIBLE 4,508


TY 2023 OtherExpensesSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES-GOLDMAN SACHS-7933 7,621 7,621   0
INVESTMENT FEES-GOLDMAN SACHS-7974 3,572 3,572   0
INVESTMENT FEES-GOLDMAN SACHS-0739 5,223 5,223   0
INVESTMENT FEES-GOLDMAN SACHS-9485 7,779 7,779   0
INVESTMENT FEES-GOLDMAN SACHS-7958 10,563 10,563   0
INVESTMENT FEES-GOLDMAN SACHS-7966 7,511 7,511   0
ADR FEES PAID ON INVESTMENTS 600 600   0


TY 2023 OtherProfessionalFeesSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PHILANTHROPY ADVISORS 10,000 0   10,000


TY 2023 TaxesSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES ON INVESTMENTS-GOLDMAN SACHS 6,359 6,359   0
FEDERAL EXCISE TAX 2,000 0   0