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 07-01-2023 , and ending 06-30-2024
Name of foundation
GENE KAUFFMAN SCHOLARSHIP FOUNDATION
TRUST SOUTHERN BANK TRUSTEE
Number and street (or P.O. box number if mail is not delivered to street address)515 WASHINGTON ST PO BOX 50
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHILLICOTHE, MO64601
A Employer identification number

43-6801146
B Telephone number (see instructions)

(660) 646-8500
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$5,157,510J 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      
4 Dividends and interest from securities... 117,508 117,508  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 106,683
b Gross sales price for all assets on line 6a 1,274,167
7 Capital gain net income (from Part IV, line 2)... 106,683
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........ 224,191 224,191  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 64,016 57,614   6,402
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
1,852 926   926
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,889 2,889   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 68,757 61,429   7,328
25 Contributions, gifts, grants paid....... 223,774 219,653
26 Total expenses and disbursements. Add lines 24 and 25 292,531 61,429   226,981
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -68,340
b Net investment income (if negative, enter -0-) 162,762
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.............      
2 Savings and temporary cash investments......... 392,052 303,968 303,969
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) 1,193,847 Click to see attachment
List of Attached Documents:
// Content
1,193,344 		1,149,461
b Investments—corporate stock (attach schedule)....... 1,848,228 Click to see attachment
List of Attached Documents:
// Content
1,799,982 		3,046,301
c Investments—corporate bonds (attach schedule)....... 591,880 Click to see attachment
List of Attached Documents:
// Content
660,373 		657,779
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)..........      
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) 4,026,007 3,957,667 5,157,510
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 4,026,007 3,957,667
29 Total net assets or fund balances (see instructions)..... 4,026,007 3,957,667
30 Total liabilities and net assets/fund balances (see instructions). 4,026,007 3,957,667
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
4,026,007
2
Enter amount from Part I, line 27a .....................
2
-68,340
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,957,667
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,957,667
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c
d
e
(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 355,085   349,522 5,563
b 919,082   817,962 101,120
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       5,563
b       101,120
c
d
e
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 2 106,683
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 2,262
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 2,262
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 2,262
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 4,230
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,230
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.......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 1,968
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,968 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 arrowMO
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowNONE
14
The books are in care ofright arrowSOUTHERN BANK Telephone no.right arrow (660) 646-8500

Located atright arrow515 WASHINGTON ST PO BOX 50CHILLICOTHEMO ZIP+4right arrow646010050
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
SOUTHERN BANK TRUSTEE
4.00 		64,016 0 0
515 WASHINGTON ST PO BOX 50
CHILLICOTHE,MO646010050
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
4,529,700
b
Average of monthly cash balances.......................
1b
327,617
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,857,317
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
4,857,317
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
72,860
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,784,457
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
239,223
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
239,223
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,262
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,262
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
236,961
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
236,961
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
236,961
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
226,981
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
226,981
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 7 236,961
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
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...... 12,138
e From 2022...... 68,487
f Total of lines 3a through e ........ 80,625
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 226,981
a Applied to 2022, but not more than line 2a 0
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..... 226,981
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 9,980 9,980
(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 70,645
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 ...... 		70,645
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 2,158
d Excess from 2022.... 68,487
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

GENE KAUFFMAN SCHOLARSHIP FOUNDATION INC - 43-1825689

PO BOX 113
PRINCETON,MO64673 		NONE 501(C)(3) FOR SCHOOL SCHOLARSHIPS 111,887

GENE KAUFFMAN SCHOLARSHIP FOUNDATION INC - 43-1825689

PO BOX 113
PRINCETON,MO64673 		NONE 501(C)(3) FOR SCHOOL SCHOLARSHIPS 111,887
Total .................................right arrow 3a 223,774
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 ........... 		         
4 Dividends and interest from securities ....     14 117,508  
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 ............ 		    18 106,683  
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) .. 0 224,191 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
224,191
(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:
GENE KAUFFMAN SCHOLARSHIP FOUNDATION
 
TRUST SOUTHERN BANK TRUSTEE
EIN:
43-6801146
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HARDEN, CUMMINS, MOSS & MILLER, LLC 1,852 926   926

TY 2023 InvestmentsCorpBondsSchedule
Name:
GENE KAUFFMAN SCHOLARSHIP FOUNDATION
 
TRUST SOUTHERN BANK TRUSTEE
EIN:
43-6801146
Name of Bond End of Year Book Value End of Year Fair Market Value
BANK NEW YORK MELLON CORP 5.834% 10/25/2033 24,749 25,929
CONAGRA BRANDS INC SGN 7.125% 10/01/2026 55,398 51,864
INTERSTATE PWR CO 3.25% 12/01/2024 25,005 24,754
JPMORGAN CHASE & CO 4.851% DUE 7/25/2028 49,603 49,495
NORFOLK SOUTHN CORP 3.15% DUE 06/01/2027 23,901 23,726
PHILIP MORRIS INTL INC 5.75% DUE 11/17/2032 26,237 25,566
UNION PACIFIC RR CO 3.227% 05/14/2026 22,960 22,163
WELLS FARGO & CO 2.879% DUE 10/30/30 43,406 44,377
WESTROCK CO SR GLBL DEB 7.95% DUE 02/15/2031 32,537 28,353
WEYERHAUSER CO 7.70% DUE 02/15/2026 52,157 51,695
ONEOK INC NEW SR GLBL NT 3.20% DUE 03/15/2025 24,119 24,529
WESTROCK CO SR GLBL NT 4.000% DUE 03/15/2028 23,060 23,953
NVENT FIN SEN SR GLBL 4.550% DUE 04/15/28 23,421 24,294
MARVELL TECHNOLOGY INC NT 4.875% DUE 06/22/28 24,428 24,652
SIXTH STREET SPECIALTY LEND GLBL 6.950% 08/14/28 25,756 25,554
ROPER TECHNOLOGIES INC 4.200% DUE 09/15/28 23,294 24,179
UNUM GROUP SR GLBL NT 6.75% DUE 12/15/2028 26,066 25,940
CUBESMART LP SR GLBL NT 4.375% DUE 2/15/29 23,754 23,956
FLEXTRONICS INTL LTD SR GLBL 4.875% DUE 06/15/29 24,178 24,235
AIR LEASE CORP FR 3.125% DUE 12/01/30 21,735 21,859
WELLTOWER INC SR GLBL NT 2.80% DUE 06/01/2031 20,424 21,373
PHILLIPS 66 CO SR NT 5.25% DUE 06/15/2031 24,971 24,930
TANGER PPTYS LTD SR GLBL NT 2.750% DUE 09/01/31 19,214 20,403

TY 2023 InvestmentsCorpStockSchedule
Name:
GENE KAUFFMAN SCHOLARSHIP FOUNDATION
 
TRUST SOUTHERN BANK TRUSTEE
EIN:
43-6801146
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE INC COM 27,411 28,472
ADOBE SYSTEMS INCORPORATED COM 17,463 37,221
ALPHABET INC CAP STK CL A 36,072 109,836
AMAZON COM INC COM 36,725 89,282
AMERICAN TOWER CORP NEW COM 3,746 5,831
ANI PHARMACEUTICALS INC COM 2,822 3,821
APPLE COMPUTER INC 62,556 147,013
ASBURY AUTOMOTIVE GROUP INC COM 1,031 1,367
ASHTEAD GP PLC UNSP ADR 5,489 10,171
ASML HOLDING N V N Y REGISTRY SHS 5,131 8,182
AXA SPONS ADR 12,751 15,622
BAE SYSTEMS PLC SPONSORED ADR 7,365 10,495
BANK OZK LITTLE ROCK ARK COM 4,293 4,346
BLACKROCK INC 13,409 29,918
BLUELINX HLDGS INC COM NEW 598 1,396
BNP PARIBAS SPONSORED ADR 11,815 10,928
BROADCOM INC COM 10,894 83,488
CACI INTL INC CL A 2,435 4,301
CANADIAN PACIFIC RAILWAY LTD 3,430 4,960
CAPGEMINI S E UNSPONSORED ADR 5,986 7,880
CHECK POINT SOFTWARE TECH LTORD 3,875 7,095
CHEMED CORP NEW COM 2,496 2,713
CHEVRONTEXACO CORP 29,134 44,893
CLEARWATER PAPER CORP COM 1,673 2,424
COGENT COMMUNICATIONS HOLDINGS COM NEW 2,329 2,088
COMFORT SYS USA INC COM 437 3,345
COMMUNITY TR BANCORP INC COM 2,264 2,358
COMPAGNIE DE ST GOBAIN UNSPONSORD ADR 7,527 11,850
COMPASS GROUP PLC SPONSORED ADR 6,412 7,787
CROWDSTRIKE HLDGS INC CL A 19,640 52,114
CVR ENERGY INC COM 2,650 3,079
DAIWA HOUSE IND LTD ADR 5,801 4,759
DANAHER CORP 7,446 26,984
DEERE & COMPANY 30,454 30,638
DISNEY WALT COMPANY 25,126 20,454
EMCOR GROUP INC COM 1,628 5,111
EMPLOYERS HLDGS INC COM 2,946 3,027
ENEL SOCIETA PER AZIONI ADR 6,585 8,378
ENGIE SPON ADR 7,062 6,099
EQUINIX INC COM 3,991 4,540
ESSILOR LUXOTTICA UNSPONSORED ADR 7,396 8,562
EXPERIAN PLC SPONSORED ADR 4,365 8,349
FEDEX CORPORATION 22,973 31,783
FISERV INC COM 9,236 34,875
FORESTAR GROUP INC COM 2,467 2,815
FORTESCUE METAL GROUP LTD SPONSORED ADR 9,379 8,022
GENERAL MTRS CO COM 24,631 23,880
GRAND CANYON ED INC COM 2,339 2,938
H & E EQUIPMENT SERVICES INCCOM 1,774 2,915
HANCOCK WHITNEY CORPORATION COM 2,545 2,678
HEALTHEQUITY INC COM 3,276 4,138
HITACHI LTD ADR 10 COM 4,320 10,133
HOLCIM LTD NEW 7,869 13,161
HOME BANCSHARES INC COM 2,007 2,252
HONDA MOTOR CO 9,908 10,671
IBERDROLA SA SPON ADR 3,662 5,912
INTERCONTINENTAL EXCHANGE INCOM 17,008 31,485
INTUIT INC 20,365 34,175
J P MORGAN CHASE & CO 18,705 50,363
JANUS HENDERSON GROUP PLC ORD SHS 3,768 5,528
JOHNSON & JOHNSON COM 26,108 34,201
JULIUS BAER GRUPPE AG 7,817 8,147
KONINKLIJKE AHOLD DELHAIZE NSPONSORED ADR NE 11,278 14,174
L3HARRIS TECHNOLOGIES INC COM 27,769 29,195
LAM RESEARCH CORP COM 6,313 61,761
LIGAND PHARMACEUTICALS INC COM NEW 2,460 3,033
LOWES COMPANIES INC 18,996 27,778
LVMH MOET HENNESSY LOU VUITT ADR 6,134 9,048
MACQUARIE GROUP LTD ADR 6,297 11,309
MAGNA INTL INC COM 9,799 8,045
MARATHON PETE CORP COM 14,196 22,552
MARRIOTT INTERNATIONAL CL A 17,261 26,836
MASTERCARD INCORPORATED CL A 9,131 41,910
MERCK & CO INC COM 16,968 37,264
META PLATFORMS INC 13,632 41,346
MICROSOFT CORP 43,702 149,281
MITSUBISHI UFJ FINL 5,565 9,180
MORGAN STANLEY, DEAN WITTER & CO 12,584 36,738
MUELLER INDS INC COM 2,638 4,271
NESTLE-SA SPONS ADR 13,382 12,396
NEXSTAR MEDIA GROUP INC CL A 2,492 2,490
NEXTERA ENERGY INC COM 20,994 27,403
NICE SYS LTD SPONSORED ADR 4,946 5,503
NIKE INC CL B 21,923 16,431
NIPPON TELEG & TEL CORP SPONSORED ADR 7,063 7,608
NN GROUP N V UNSPONSOD ADR 6,236 5,805
NORFOLK SOUTHERN CORP 31,212 27,051
NOVARTIS AG-ADR 7,260 9,901
NOVO-NORDISK A S ADR 2,699 11,562
NVIDIA CORP 50,331 140,712
OMNIAB INC RESTRICT 69 69
OMNIAB INC RESTRICT 69 69
OREILLY AUTOMOTIVE INC COM 6,209 33,794
ORIX 7,998 12,354
OTIS WORLDWIDE CORP COM 17,612 25,798
OXFORD INDS INC COM 1,993 2,003
PATRICK INDS INC COM 760 1,737
PEPSICO, INC 18,968 27,708
PERFORMANCE FOOD GROUP CO COM 1,262 2,446
PINNACLE FINL PARTNERS INC COM 2,536 3,042
PRIMERICA INC COM 1,948 4,022
PROCTER & GAMBLE CO 16,601 33,644
PROGRESS SOFTWARE CORP COM 3,049 3,256
PROLOGIS, INC. 31,665 33,356
PULTE HOMES 4,933 23,011
REGIONS FINL CORP 24,137 21,062
RIO TINTO 10,205 12,263
RLJ LODGING TR COM 3,019 2,205
ROCHE HOLDINGS LTD 15,714 13,695
S&P GLOBAL INC COM 17,212 22,300
SANOFI SPONSORED ADR 10,605 10,383
SCHNEIDER ELECTRIC SE ADR 3,863 8,232
SEKISUI HOUSE 7,094 7,740
SHELL PLC NPV ADR 7,750 10,683
SOFTBANK GROUP CORP UNSPONSORED ADR 5,947 8,471
SONY CORP ADR NEW 8,471 9,769
SOUTHWEST GAS HLDGS INC COM 1,518 1,548
SPIRE INC COM 1,946 1,700
STEEL DYNAMICS INC COM 10,574 34,318
STONEX GROUP INC COM 2,235 2,674
SUMITOMO MITSUI FINANCIAL GP 8,745 16,575
T MOBILE US INC COM 18,680 23,960
TAYLOR MORRISON HOME CORP CL A 1,247 2,328
TD SYNNEX CORPORATION COM 802 1,385
THE ALLSTATE CORP 12,519 24,907
THERMO FISHER SCIENTIFIC INCCOM 6,805 30,415
TJX COS INC NEW COM 14,855 24,993
TOTAL SE-SPON ADR 13,911 17,470
UBS AG-REG 4,867 8,685
UNILEVER PLC SPON ADR NEW 12,426 15,122
UNITED HEALTH GROUP INC 12,350 33,611
VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF 99,321 112,376
VIPER ENERGY PARTNERS LP COM UNT RP INT 2,161 3,791
VOLKSWAGEN AG UNSPN ADS 8,366 4,410
VOLVO AB UNSPONSORD ADR 4,827 8,514
WABASH NATL CORP COM 1,986 1,747
WAL MART STORES INC COM 20,417 49,157
WARRIOR MET COAL INC COM 3,078 4,645
WELLS FARGO & COMPANY 36,198 43,236
WINGSTOP INC COM 857 2,536
XCEL ENERGY INC 28,715 21,578
ACI WORLDWIDE INC 3,145 3,484
ATMUS FILTRATION TECHNOLOGIE COM 2,344 2,561
BRADY CORP CL A 2,313 2,443
EPR PPTYS COM SH BEN INT 2,512 2,519
EAGLE MATLS INC COM 1,684 2,175
EXELIXIS INC COM 2,365 2,337
EXXON MOBIL CORP 31,364 35,802
ELI LILLY (LLY) 22,579 24,445
MURPHY USA INC COM 3,054 3,756
NEUROCRINE BIOSCIENCES INC COM 17,022 21,201
NUTANIX INC CL A 1,564 2,331
ORACLE CORP 34,721 39,536
PETIQ INC COM CL A 3,533 4,544
PHOTRONICS INC COM 2,699 2,220
POWELL INDS INC COM 1,898 3,011
PRICESMART INC COM 2,154 2,274
PUBLICIS GROUPE SA 10,569 10,252
ROLLS ROYCE HOLDINGS SPON AD 7,514 7,873
SKYWARD SPECIALTY INS GROUP 1,887 1,845
UNUM GROUP COM 2,419 2,607
VEECO INSTRS INC DEL COM 2,109 3,503
VERTEX PHARMACEUTICALS INC COM 22,643 22,030
TOKIO MARINE HLDGS INC ADR 5,486 6,027
TURKCELL ILETISIM HIZMET-ADR 7,232 10,900

TY 2023 InvestmentsGovtObligationsSch
Name:
GENE KAUFFMAN SCHOLARSHIP FOUNDATION
 
TRUST SOUTHERN BANK TRUSTEE
EIN:
43-6801146
US Government Securities - End of Year Book Value:

1,193,344
US Government Securities - End of Year Fair Market Value:

1,149,461
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 TaxesSchedule
Name:
GENE KAUFFMAN SCHOLARSHIP FOUNDATION
 
TRUST SOUTHERN BANK TRUSTEE
EIN:
43-6801146
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 2,889 2,889   0