TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2023

Open to Public Inspection

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

Name of foundation
STRANAHAN FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)539 EAST FRONT STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PERRYSBURG, OH43551

A Employer identification number

34-6514375

B Telephone number (see instructions)

(419) 882-5575

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$116,593,455J Accounting method: Cash Accrual
Other (specify)MODIFIED CASH
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	23,375		23,375
4	Dividends and interest from securities...	1,776,677		1,862,554
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		4,380,928
b	Gross sales price for all assets on line 6a 17,231,076
7	Capital gain net income (from Part IV, line 2)...			4,382,716
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	35,777	7,570
12	Total. Add lines 1 through 11........	6,216,757		6,276,215
13	Compensation of officers, directors, trustees, etc.	231,560		0	231,560
14	Other employee salaries and wages......	303,061		0	303,061
15	Pension plans, employee benefits.......	126,102		0	126,102
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	5,597	0	5,597
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	24,771	0	24,771
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	467,532	394,092	119,196
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	46,945	1,945	0
19	Depreciation (attach schedule) and depletion...		15,377	0
20	Occupancy..............	29,472		0	29,472
21	Travel, conferences, and meetings.......	139,987		0	139,987
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	103,044	1,430	102,899
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,493,448		397,467	1,082,645
25	Contributions, gifts, grants paid.......	4,173,850			4,173,850
26	Total expenses and disbursements. Add lines 24 and 25	5,667,298		397,467	5,256,495
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	549,459
b	Net investment income (if negative, enter -0-)			5,878,748
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	2,129,445	5,227,378	5,227,378
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	3,979,354	List of Attached Documents: // Content 4,262,838	4,262,838
	b	Investments—corporate stock (attach schedule).......	15,930,630	List of Attached Documents: // Content 18,094,153	18,094,153
	c	Investments—corporate bonds (attach schedule).......	4,730,321	List of Attached Documents: // Content 4,810,995	4,810,995
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	78,309,385	List of Attached Documents: // Content 84,024,721	84,024,721
	14	Land, buildings, and equipment: basis 85,377
		Less: accumulated depreciation (attach schedule) 47,846	37,328	37,531	37,531
	15	Other assets (describe )	List of Attached Documents: // Content 83,916	List of Attached Documents: // Content 135,839	List of Attached Documents: // Content 135,839
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	105,200,379	116,593,455	116,593,455
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	105,200,379	116,593,455
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	105,200,379	116,593,455
	30	Total liabilities and net assets/fund balances (see instructions).	105,200,379	116,593,455

Part III

Analysis of Changes in Net Assets or Fund Balances

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

105,200,379

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

549,459

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

List of Attached Documents:

// Content

10,843,617

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

116,593,455

Decreases not included in line 2 (itemize) right arrow

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

116,593,455

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	PUBLICLY TRADED SECURITIES
b	METROPOLITAN REAL ESTATE PARTNERS GLOBAL II, LP	P
c	AEW CORE PROPERTY US, LP	P
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	16,310,853	12,850,148	3,460,705
b			-2,350
c			4,138
d	920,223		920,223
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			3,460,705
b			-2,350
c			4,138
d			920,223
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	4,382,716
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	81,715
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	81,715
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	81,715
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	67,519
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	20,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	87,519
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	12
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	5,792
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax5,792	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

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

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

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

Yes

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

Yes

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website address right arrow

HTTPS://WWW.STRANAHANFOUNDATION.ORG/

The books are in care of right arrow

STRANAHAN FOUNDATION Telephone no. right arrow

(419) 882-5575

Located at right arrow

539 EAST FRONT STREETPERRYSBURGOH ZIP+4 right arrow

43551

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

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

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

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

16 No

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

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

Yes

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

1a(4)

Yes

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years right arrow

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2023)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation
PATRICK STRANAHAN	PRESIDENT 2.50	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	PRESIDENT 2.50	0	0
PAGE ARMSTRONG	VICE PRESIDENT THROUGH 9/2023 1.50	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	VICE PRESIDENT THROUGH 9/2023 1.50	0	0
ROBERT BAYNE	VICE PRESIDENT AS OF 9/2023 1.50	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	VICE PRESIDENT AS OF 9/2023 1.50	0	0
ABBOT STRANAHAN WARD	SECRETARY 1.00	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	SECRETARY 1.00	0	0
JULIE BROTJE HIGGINS	TRUSTEE, TREASURER THROUGH 9/2023 2.50	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TRUSTEE, TREASURER THROUGH 9/2023 2.50	0	0
RENEE GOUBEAUX	TRUSTEE, TREASURER AS OF 9/2023 2.50	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TRUSTEE, TREASURER AS OF 9/2023 2.50	0	0
MARK E STRANAHAN	TRUSTEE 1.00	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TRUSTEE 1.00	0	0
STEPHANIE STRANAHAN	TRUSTEE 1.00	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TRUSTEE 1.00	0	0
TREVOR FOSTER	TRUSTEE 1.00	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TRUSTEE 1.00	0	0
CRAIG FREDERICKSON	TRUSTEE THROUGH 9/2023 1.00	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TRUSTEE THROUGH 9/2023 1.00	0	0
JAMES PAWLAK	TRUSTEE 1.00	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TRUSTEE 1.00	0	0
KATHY KNIGHT	TRUSTEE THROUGH 3/2023 1.00	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TRUSTEE THROUGH 3/2023 1.00	0	0
DAVID WARD	TRUSTEE 1.00	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TRUSTEE 1.00	0	0
BEN ELROD	TRUSTEE 1.00	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TRUSTEE 1.00	0	0
ROBERT STRANAHAN	TRUSTEE 1.00	0	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TRUSTEE 1.00	0	0
BRETA COOPER	EXECUTIVE DIRECTOR 37.50	231,560	21,559
539 EAST FRONT STREET PERRYSBURG,OH43551	EXECUTIVE DIRECTOR 37.50	231,560	21,559

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
HILLARY BEUSCHEL	TEAM MANAGER/PROGRAM 50.00	146,294	30,853	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TEAM MANAGER/PROGRAM 50.00	146,294	30,853	0
SARAH HARRISON	TEAM MANAGER/CS PROG 37.50	63,579	8,613	0
539 EAST FRONT STREET PERRYSBURG,OH43551	TEAM MANAGER/CS PROG 37.50	63,579	8,613	0






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

Form 990-PF (2023)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
ASSET CONSULTING GROUP LLC	INVESTMENT ADVISORY	109,489
231 S BEMISTON 14TH FLOOR ST LOUIS,MO63105	INVESTMENT ADVISORY	109,489
EARNEST PARTNERS LLC	MONEY MANAGER	87,637
1180 PEACHTREE ST NE STE 2300 ATLANTA,GA30309	MONEY MANAGER	87,637
WILLIAM BLAIR	MONEY MANAGER	74,525
222 WEST ADAMS STREET FL14 CHICAGO,IL60606	MONEY MANAGER	74,525
BELLWETHER EDUCATION PARTNERS	EARLY CHILDHOOD CONSULTANTS	51,173
517 BOSTON POST ROAD 171 SUDBURY,MA01776	EARLY CHILDHOOD CONSULTANTS	51,173

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2023)

Page 8

Part IX

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

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

purposes:

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

106,851,190

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

4,143,776

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

2,636

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

110,997,602

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

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

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

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

110,997,602

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

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

1,664,964

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

109,332,638

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

5,466,632

Part X

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

and do not complete this part.)

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

5,466,632

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

81,715

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

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

81,715

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

5,384,917

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

34,005

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

5,418,922

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

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

5,418,922

Part XI

Qualifying Distributions (see instructions)

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

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

5,256,495

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

5,256,495

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					5,418,922
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......	634,905
d From 2021......
e From 2022......
f Total of lines 3a through e ........		634,905
4Qualifying distributions for 2023 from Part
XI, line 4: $ 5,256,495
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.....					5,256,495
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		162,427			162,427
(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		472,478
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 ......		472,478
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....	472,478
c Excess from 2021....
d Excess from 2022....
e Excess from 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 4942(j)(3) or4942(j)(5)

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

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

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

Check here right arrow

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

aThe name, address, and telephone number or 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)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ADAM J LEWIS ACADEMY INC 500 STATE STREET BRIDGEPORT,CT06604	N/A	PC	NUTRITION HEALTH INITIATIVE	35,000
AMERICAN FARMLAND TRUST 1150 CONNECTICUT AVE NW SUITE 600 WASHINGTON,DC20036	N/A	PC	NEW ENGLAND FARMER MICROGRANTS PROGRAM	35,000
AREA OFFICE ON AGING OF NORTHWESTERN OHIO INC 2155 ARLINGTON AVENUE TOLEDO,OH43609	N/A	PC	VIRGINIA STRANAHAN TRAIL	35,000
ARLEE COMMUNITY DEVELOPMENT CORPORATION PO BOX 452 ARLEE,MT59821	N/A	PC	FOOD RESOURCE CENTER PROGRAMS	35,000
AVANCE INC 824 BROADWAY STREET SUITE 204 SAN ANTONIO,TX78215	N/A	PC	AVANCE QUALITY CHILD CARE MATTERS INNOVATION PROJECT	125,450
AVOW CARE SERVICES INCORPORATED 1095 WHIPPOORWILL LANE NAPLES,FL34105	N/A	PC	PALLIATIVE CARE FOR CHRONIC AND SERIOUSLY ILL PEOPLE	35,000
BOOTSTRAPS TO SHARE OF TUCSON INC 2001 N 7TH AVE TUSCON,AZ85705	N/A	PC	COMMUNITY TOOLS	35,000
BRIGHT BEGINNINGS INC 3418 4TH STREET SE WASHINGTON,DC20032	N/A	PC	BUILDING A BBI LEADERSHIP PIPELINE FOR EDUCATORS	50,000
CITY GARDEN MONTESSORI SCHOOL 1618 TOWER GROVE AVE SAINT LOUIS,MO63110	N/A	PC	MONTESSORI COACHING AND INSTRUCTIONAL SUPPORT FOR EARLY CHILDHOOD TEACHERS	50,000
COMMUNITY COORDINATED CHILD CARE OF S INDIANA 414 SE 4TH STREET SUITE 102 EVANSVILLE,IN47713	N/A	PC	SUPPORT FOR THE EXPANSION OF THE EARLY LEARNING REGIONAL TRAINING CENTER PILOT.	100,000
DAVID LAWRENCE MENTAL HEALTH CENTER INC 6075 BATHEY LANE NAPLES,FL34116	N/A	PC	CHILDREN'S HOLISTIC WELLNESS	35,000
DIOCESE OF PALM BEACH 930 SOUTHERN BLVD WEST PALM BEACH,FL33405	N/A	PC	TODDLER PROGRAM EXPANSION	35,000
ECDYSIS FOUNDATION 46958 188TH STREET ESTELLINE,SD57234	N/A	PC	THE 1000 FARMS INITIATIVE	75,000
ECO-CYCLE INC 6400 ARAPAHOE ROAD BOULDER,CO80303	N/A	PC	DEMONSTRATING A COMMUNITY COMPOST SYSTEM IN BOULDER COUNTY	30,000
EDUCARE DC 640 ANACOSTIA AVE NE WASHINGTON,DC20019	N/A	PC	EDUCARE DC PROFESSIONAL DEVELOPMENT INSTITUTE	50,000
EDVANCE 3848 MCHENRY AVE SUITE 135 101 MODESTO,CA95356	N/A	PC	EVIDENCE-BASED REFLECTIVE PRACTICE VIDEO ENHANCEMENT PROJECT	150,000
FAMILY PROMISE OF GALLATIN VALLEY INC 1603 TSCHACHE LANE BOZEMAN,MT59718	N/A	PC	SHELTER OPERATIONS	35,000
FARM FRESH RHODE ISLAND 10 SIMS AVE UNIT 103 PROVIDENCE,RI02909	N/A	PC	BONUS BUCKS PROGRAM	35,000
FOR PROVIDERS BY PROVIDERS LOUISIANA 1678 NORTH BROAD STREET NEW ORLEANS,LA70119	N/A	PC	EARLY CHILDHOOD TEACHER CORPS	75,000
FOREST CONSERVANCY 1012 BROOKIE DRIVE CARBONDALE,CO81623	N/A	PC	VOLUNTEER RANGER PROGRAM	35,000
GALLATIN VALLEY LAND TRUST 212 S WALLACE AVE SUITE 101 BOZEMAN,MT59715	N/A	PC	TRAILS PROGRAM	35,000
GOOD GRIEF OF NORTHWEST OHIO INC 440 S REYNOLDS ROAD SUITE D TOLEDO,OH43615	N/A	PC	SUPPORTING GRIEVING CHILDREN AND TEENS	35,000
HANLEY CENTER FOUNDATION INC 700 S DIXIE HIGHWAY SUITE 103 WEST PALM BEACH,FL33401	N/A	PC	LONG-TERM RECOVERY CARE SCHOLARSHIPS	35,000
HEART OF THE ROCKIES INITIATIVE 120 HICKORY STREET SUITE B MISSOULA,MT59801	N/A	PC	CROSS BOUNDARY COLLABORATION FOR LASTING CONSERVATION	35,000
HELPLINE HOUSE 282 KNECHTEL WAY NE BAINBRIDGE ISLAND,WA98110	N/A	PC	NEIGHBOR HELPING NEIGHBOR CAPITAL CAMPAIGN	35,000
HOPE TOLEDO SERVICES 300 MADISON AVE SUITE 1400A TOLEDO,OH43604	N/A	PC	HOPE TOLEDO PRE-K	35,000
HORIZONS OF KENT AND QUEEN ANNES INC 116 B SOUTH LYNCHBURG ST SUITE B CHESTERTOWN,MD21620	N/A	PC	HORIZONS STAFFING SUPPORT	35,000
HOSPICE OF NORTHWEST OHIO 30000 EAST RIVER ROAD PERRYSBURG,OH43551	N/A	PC	SPECIAL CARE UNIT OPERATIONS	35,000
HUMAN RESOURCE DEVELOPMENT COUNCIL OF DISTRICT IX INC 32 SOUTH TRACY AVE BOZEMAN,MT59715	N/A	PC	BOARD RECOGNITION GRANT	25,000
INSTITUTE FOR LOCAL SELF RELIANCE INC 1200 18TH STREET NW SUITE 700 4TH FL WASHINGTON,DC20036	N/A	PC	COMPOSTING FOR COMMUNITY INITIATIVE	70,000
KIDS CANCER FOUNDATION INC 246 ROYAL PALM BEACH BLVD ROYAL PALM BEACH,FL33411	N/A	PC	KIDS CANCER FOUNDATION SUPPORT SERVICES	35,000
KISS THE GROUND PO BOX 515381 PMB 63508 LOS ANGELES,CA90051	N/A	PC	REGENERATIVE AGRICULTURE EDUCATIONAL SUPPORT	75,000
LOAVES & FISHES FOOD PANTRY INC 2050 LAMBS ROAD CHARLOTTESVILLE,VA22901	N/A	PC	INCREASING ACCESS TO HEALTHY FOOD THROUGH COMMUNITY ENGAGEMENT	35,000
MAD AGRICULTURE 728 PEARL STREET BOULDER,CO80302	N/A	PC	BUILDING THE REGENERATIVE REVOLUTION IN AGRICULTURE	35,000
MAKE WAY FOR BOOKS 700 NORTH STONE AVE TUSCON,AZ85705	N/A	PC	STORY SCHOOL	35,000
MUSICIANS UNITED TO SERVE THE YOUTH OF CHARLOTTESVILLE 105 RIDGE STREET CHARLOTTESVILLE,VA22902	N/A	PC	MRC CERTIFIED INTERNSHIP PROGRAM	15,330
NATIONAL ASSOCIATION FOR FAMILY CHILD CARE FOUNDATION 700 12TH STREET NW SUITE 700 WASHINGTON,DC20005	N/A	PC	FCC LEADERSHIP LAB	100,000
NATURE'S NURSERY CENTER FOR WILDLIFE REHABILITATION AND CONSERVATION PO BOX 2395 WHITEHOUSE,OH43571	N/A	PC	SUPPORT FOR THE CONSTRUCTION OF AN EDUCATION CLASSROOM.	35,000
NATURE'S NURSERY CENTER FOR WILDLIFE REHABILITATION AND CONSERVATION PO BOX 2395 WHITEHOUSE,OH43571	N/A	PC	WILD EDUCATION	35,000
NEIGHBORHOOD HOUSE INCORPORATED 1225 S WELLER STREET SUITE 510 SEATTLE,WA98144	N/A	PC	PARENTCHILD+ STAFF PAY EQUITY	35,000
NEW PROFIT INC 225 FRANKLIN STREET SUITE 350 BOSTON,MA02110	N/A	PC	SUPPORT EFFORTS TO IMPLEMENT, IMPROVE, AND EVALUATE INITIATIVE LEVEL ACTIVITIES RELATED TO THE ECSO INITIATIVE.	175,000
NEW URBAN ARTS 705 WESTMINISTER STREET PROVIDENCE,RI02903	N/A	PC	YOUTH MENTORSHIP IN THE ARTS AND SUMMER ARTS INTERNSHIPS	35,000
NEW VENTURE FUND 1201 CONNECTICUT AVE NW SUITE 300 WASHINGTON,DC20036	N/A	PC	SUPPORT FOR TRUST FOR LEARNING'S EFFORTS TO EXPAND ITS SUPPORTS AND RESOURCES FOR IDEAL LEARNING HEAD START NETWORK MEMBERS.	159,387
NORTHEAST ORGANIC FARMING ASSOCIATION MASSACHUSETTS CHAPTER PO BOX 60043 FLORENCE,MA01062	N/A	PC	FOOD ACCESS PROGRAM AND MASSACHUSETTS POLLINATOR NETWORK	35,000
PALM BEACH COUNTY FOOD BANK INC 701 BOUTWELL ROAD SUITE A-2 LAKE WORTH BEACH,FL33461	N/A	PC	PARTNER MARKETPLACE	35,000
PHILLIPS EXETER ACADEMY 20 MAIN STREET EXETER,NH03833	N/A	PC	EXETER FOR EDUCATORS WRITERS' WORKSHOP	16,000
PLANNED PARENTHOOD OF GREATER OHIO 1301 JEFFERSON AVENUE TOLEDO,OH43604	N/A	PC	BOARD RECOGNITION GRANT - TOLEDO HEALTH CENTER	25,000
PRACTICAL FARMERS OF IOWA 1615 GOLDEN ASPEN DRIVE SUITE 101 AMES,IA50010	N/A	PC	HORTICULTURE PROGRAM	80,000
PROJECT ANGEL FOOD 922 VINE STREET LOS ANGELES,CA90038	N/A	PC	HOME-DELIVERED MEDICALLY TAILORED MEALS FOR CRITICALLY ILL ANGELENOS	35,000
QUIVIRA COALITION INC 1413 SECOND STREET SUITE 1 SANTA FE,NM87505	N/A	PC	CARBON RANCH INITIATIVE	50,000
RAINIER VALLEY FOOD BANK 9021 RAINIER AVENUE S SEATTLE,WA98118	N/A	PC	ROOM FOR MORE COMPREHENSIVE CAMPAIGN	35,000
REALIZE BRADENTON INC PO BOX 9114 BRADENTON,FL34206	N/A	PC	BRADENTON PUBLIC MARKET	35,000
RECYCLERY OF JEFFERSON COUNTY 1925 BLAINE STREET SUITE 500 PORT TOWNSEND,WA98368	N/A	PC	COMMUNITY & PROGRAM CENTRIC RECYCLERY	35,000
RID-ALL FOUNDATION INC 25411 TRYON ROAD OAKWOOD VILLAGE,OH44146	N/A	PC	RID-ALL TRAINING CAPACITY BUILDING	35,000
RINGLING COLLEGE OF ART AND DESIGN INC 2700 N TAMIAMI TRAIL SARASOTA,FL34234	N/A	PC	MANATEE SCHOLARSHIPS FOR ASPIRING ARTISTS AND DESIGNERS	35,000
ROCKEFELLER PHILANTHROPY ADVISORS INC 90 CHURCH STREET 1ST FL 7082 NEW YORK,NY10008	N/A	PC	EARLY CHILDHOOD LEADERS OF COLOR COLLABORATIVE	50,000
SANTA FE COMMUNITY COLLEGE FOUNDATION 6401 RICHARDS AVENUE SANTA FE,NM87508	N/A	PC	SUPPORT FOR THE DEVELOPMENT, PILOTING, AND EVALUATION OF A COMPETENCY-BASED, EARLY CHILDHOOD TEACHER APPRENTICESHIP PROGRAM.	100,000
SAVANNA INSTITUTE 2453 ATWOOD AVE SUITE 209 MADISON,WI53704	N/A	PC	SAVANNA INSTITUTE'S EDUCATION AND OUTREACH PROGRAM	149,000
SAVANNA INSTITUTE 2453 ATWOOD AVE SUITE 209 MADISON,WI53704	N/A	PC	SUPPORT FOR EDUCATION AND OUTREACH PROGRAMS.	149,304
SCRAP4ART 333 W WAYNE STREET MAUMEE,OH43537	N/A	PC	OPERATING SUPPORT	5,000
SOCIAL SERVICES FOR THE ARAB COMMUNITY 3110 TREMAINSVILLE ROAD TOLEDO,OH43613	N/A	PC	AHLAN WA SAHLAN (WELCOME)	30,000
STEPPING STONES OF THE ROARING FORK VALLEY 1010 GARFIELD AVENUE CARBONDALE,CO81623	N/A	PC	STEPPING STONES OF THE ROARING FORK VALLEY: EMPOWERING YOUTH TO THRIVE	35,000
STRANAHAN THEATER TRUST 4645 HEATHERDOWNS BLVD TOLEDO,OH43614	N/A	PC	MEMORIAL GIFT MADE IN MEMORY OF GERTRUDE ANGES (TRUDY) STRANAHAN	1,000
THE CONNECTICUT AUDUBON SOCIETY INCORPORATED 314 UNQUOWA ROAD FAIRFIELD,CT06824	N/A	PC	SUPPORT FOR THE SCIENCE LEARNING PROGRAM FOR ELEMENTARY SCHOOL STUDENTS.	35,000
THE CONNECTICUT AUDUBON SOCIETY INCORPORATED 314 UNQUOWA ROAD FAIRFIELD,CT06824	N/A	PC	SCIENCE LEARNING PROGRAM	35,000
THE CONSERVANCY OF SOUTHWEST FLORIDA INC 1495 SMITH PRESERVE WAY NAPLES,FL34102	N/A	PC	STEM LEARNING ADVENTURES PROGRAMS	35,000
THE SALVATION ARMY 620 NORTH ERIE STREET PO BOX 798 TOLEDO,OH43604	N/A	PC	EMERGENCY BASIC NEEDS PROGRAM	35,000
THE SOCIETY OF ST VINCENT DE PAUL EAST JEFFERSON COUNTY CONFERENCE PO BOX 410 PORT TOWNSEND,WA98368	N/A	PC	EMERGENCY FUND DISTRIBUTION PROGRAM	35,000
THE VERA PROJECT 305 HARRISON STREET SEATTLE,WA98109	N/A	PC	BLACK LODGE COMMUNITY CENTER	35,000
THIRD SECTOR NEW ENGLAND INC 89 SOUTH STREET SUITE 700 BOSTON,MA02111	N/A	PC	SUPPORT FOR THE EARLY EDUCATOR INVESTMENT COLLABORATIVE (EEIC).	500,000
TOLEDO SCIENCE CENTER ONE DISCOVERY WAY TOLEDO,OH43604	N/A	PC	TOLEDO TINKERS: THROUGH A CHILD'S EYES	35,000
TROUT UNLIMITED INC 1777 N KENT STREET SUITE 100 ARLINGTON,VA22209	N/A	PC	UPPER RIO GRANDE COMMUNITY INITIATIVE	35,000
VALLEY SETTLEMENT 1901 GRAND AVENUE SUITE 206 GLENWOOD SPRINGS,CO81601	N/A	PC	PARENT MENTOR PROGRAM	35,000
VICTORY CENTER 3166 N REPUBLIC BLVD TOLEDO,OH43615	N/A	PC	NEW ROOF FOR THE VICTORY CENTER	35,000
YOUNG MENS CHRISTIAN ASSOCIATION OF WICHITA 402 NORTH MARKET STREET WICHITA,KS67202	N/A	PC	WORK-TO-LEARN	48,379
YWCA MISSOULA 1800 S 3RD STREET W MISSOULA,MT59801	N/A	PC	FAMILY HOUSING CENTER	35,000
Total ................................. 3a				4,173,850

bApproved for future payment
ALL OUR KIN INC 414A CHAPEL STREET SUITE 100 PO BOX 8477 NEW HAVEN,CT06530	N/A	PC	SUPPORT FOR THE DEVELOPMENT AND EXPANSION OF THE ORGANIZATION'S TECHNICAL ASSISTANCE OFFERINGS.	150,000
BRIGHT BEGINNINGS INC 3418 4TH STREET SE WASHINGTON,DC20032	N/A	PC	BUILDING A BBI LEADERSHIP PIPELINE FOR EDUCATORS	100,000
CHILD CARE SERVICES ASSOCIATION PO BOX 901 CHAPEL HILL,NC27514	N/A	PC	SUPPORT FOR THE DEVELOPMENT, PILOTING, EVALUATION, AND REFINEMENT OF ITS EARLY CHILDHOOD APPRENTICESHIP MODEL FRAMEWORK.	250,000
CITY GARDEN MONTESSORI SCHOOL 1618 TOWER GROVE AVE SAINT LOUIS,MO63110	N/A	PC	MONTESSORI COACHING AND INSTRUCTIONAL SUPPORT FOR EARLY CHILDHOOD TEACHERS	100,000
COMMUNITY COORDINATED CHILD CARE OF S INDIANA 414 SE 4TH STREET SUITE 102 EVANSVILLE,IN47713	N/A	PC	SUPPORT FOR THE EXPANSION OF THE EARLY LEARNING REGIONAL TRAINING CENTER PILOT.	100,000
EDUCARE DC 640 ANACOSTIA AVE NE WASHINGTON,DC20019	N/A	PC	EDUCARE DC PROFESSIONAL DEVELOPMENT INSTITUTE	100,000
HOPE TOLEDO SERVICES 300 MADISON AVE SUITE 1400A TOLEDO,OH43604	N/A	PC	HOPE TOLEDO PRE-K	65,000
MAKE WAY FOR BOOKS 700 NORTH STONE AVE TUSCON,AZ85705	N/A	PC	STORY SCHOOL	70,000
NEW PROFIT INC 225 FRANKLIN STREET SUITE 350 BOSTON,MA02110	N/A	PC	SUPPORT EFFORTS TO IMPLEMENT, IMPROVE, AND EVALUATE INITIATIVE LEVEL ACTIVITIES RELATED TO THE ECSO INITIATIVE.	150,000
SOBRATO EARLY ACADEMIC LANGUAGE PROGRAM 521 VALLEY WAY MILPITAS,CA95035	N/A	PC	SUPPORT FOR MODIFICATIONS AND CONTINUOUS IMPROVEMENT EFFORTS RELATED TO THE FULL PRESCHOOL PROFESSIONAL DEVELOPMENT MODEL.	150,000
YOUNG MENS CHRISTIAN ASSOCIATION OF WICHITA 402 NORTH MARKET STREET WICHITA,KS67202	N/A	PC	WORK-TO-LEARN	99,733
YOUNG WOMENS CHRISTIAN ASSOC OF KALAMAZOO 353 EAST MICHIGAN AVE KALAMAZOO,MI49007	N/A	PC	SUPPORT FOR THE IMPLEMENTATION OF NEW TEACHER TRAINING, COACHING, AND ASSESSMENT SYSTEMS FOR ITS EARLY CHILDHOOD PROGRAM.	150,000
Total ................................. 3b				1,484,733

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	23,375
4 Dividends and interest from securities ....			14	1,776,677
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			14
8 Gain or (loss) from sales of assets other than inventory ............			18	4,380,928
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aGRANT REFUNDS			01	34,005
bSECURITIES LITIGATION			01	1,772
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		6,216,757	0

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

6,216,757

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2023)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING AND TAX SERVICES	24,771	0		24,771

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

Name of Bond	End of Year Book Value	End of Year Fair Market Value
A T & T INC DTD 2/9/2017 4.25% 3/1/2027 (9,000.000 QTY)	8,899	8,899
A T & T INC DTD 5/28/2020 3.65% 6/1/2051 (65,000.000 QTY)	48,950	48,950
ABBVIE INC DTD 5/12/2016 4.45% 5/14/2046 (21,000.000 QTY)	19,281	19,281
ACUITY BRANDS LIGHTING DTD 11/10/2020 2.15% 12/15/2030 (15,000.000 QTY)	12,457	12,457
AFLAC INC DTD 9/19/2016 2.875% 10/15/2026 (20,000.000 QTY)	18,998	18,998
AFLAC INC DTD 9/19/2016 4% 10/15/2046 (16,000.000 QTY)	13,148	13,148
AIR LEASE CORP 2.8750% 1/15/2026 (15,000.000 QTY)	14,290	14,290
AIR LEASE CORP DTD 1/26/2021 0.7% 2/15/2024 (32,000.000 QTY)	31,801	31,801
AIR PRODUCTS & CHEMICALS DTD 4/30/2020 1.5% 10/15/2025 (42,000.000 QTY)	39,729	39,729
ALLEGHANY CORP DTD 5/18/2020 3.625% 5/15/2030 (30,000.000 QTY)	28,345	28,345
ALLEGHANY CORP DTD 8/13/2021 3.25% 8/15/2051 (9,000.000 QTY)	6,807	6,807
ALLEGHANY CORP DTD 9/9/2014 4.9% 9/15/2044 (28,000.000 QTY)	27,089	27,089
ALTRIA GROUP INC DTD 2/14/2019 4.4% 2/14/2026 (30,000.000 QTY)	29,720	29,720
AMEREN ILLINOIS CO DTD 11/23/2020 1.55% 11/15/2030 (40,000.000 QTY)	32,532	32,532
AMERICAN EXPRESS CO DTD 5/26/2022 FLTG RATE 5/26/2033 (45,000.000 QTY)	44,788	44,788
AMGEN INC DTD 3/2/2023 5.15% 3/2/2028 (85,000.000 QTY)	87,019	87,019
AMGEN INC DTD 5/1/2015 4.4% 5/1/2045 (23,000.000 QTY)	20,414	20,414
ANTHEM INC DTD 4/29/2022 4.55% 5/15/2052 (17,000.000 QTY)	15,510	15,510
ANTHEM INC DTD 9/9/2019 2.375% 1/15/2025 (25,000.000 QTY)	24,279	24,279
APPLE INC DTD 2/23/2016 4.65% 2/23/2046 (4,000.000 QTY)	3,946	3,946
APPLE INC DTD 8/4/2016 3.85% 8/4/2046 (31,000.000 QTY)	26,932	26,932
APTIV PLC / APTIV CORP DTD 02/18/2022 3.25% 03/01/2032 (30,000.000 QTY)	26,502	26,502
APTIV PLC DTD 3/14/2019 5.4% 3/15/2049 (28,000.000 QTY)	26,101	26,101
ARROW ELECTRONICS INC DTD 3/1/2023 6.125% 3/1/2026 (74,000.000 QTY)	74,090	74,090
AUTOZONE INC DTD 04/18/2019 3.125% 04/18/2024 (55,000.000 QTY)	54,556	54,556
BANK OF AMERICA CORP DTD 10/20/2021 FLTG RATE 10/20/2032 (48,000.000 QTY)	39,795	39,795
BANK OF AMERICA CORP DTD 8/26/2014 4.2% 8/26/2024 (41,000.000 QTY)	40,615	40,615
BAT CAPITAL CORP DTD 4/2/2020 5.282% 4/2/2050 (23,000.000 QTY)	19,719	19,719
BAXTER INTL INC DTD 8/15/2016 3.5% 8/15/2046 (12,000.000 QTY)	8,754	8,754
BECTON DICKINSON AND CO DTD 6/6/2017 4.669% 6/6/2047 (32,000.000 QTY)	29,881	29,881
BEST BUY CO INC DTD 9/27/2018 4.45% 10/1/2028 (72,000.000 QTY)	71,518	71,518
BRISTOL-MYERS SQUIBB CO DTD 10/31/2013 4.5% 3/1/2044 (36,000.000 QTY)	32,869	32,869
BROADCOM CRP / CAYMN FI DTD 1/15/2018 3.875% 1/15/2027 (39,000.000 QTY)	38,060	38,060
C F C R E COMMERCIAL MORTGAGE TR 3.597% 01/10/2048 (21,762.480 QTY)	21,119	21,119
CAMDEN PROPERTY TRUST DTD 10/4/2018 4.1% 10/15/2028 (32,000.000 QTY)	31,115	31,115
CANADIAN NATL RAILWAY DTD 2/6/2018 3.65% 2/3/2048 (14,000.000 QTY)	11,625	11,625
CANADIAN NATL RAILWAY DTD 8/2/2016 3.2% 8/2/2046 (10,000.000 QTY)	7,729	7,729
CANADIAN PACIFIC RAILWAY DTD 12/2/2021 3.1% 12/2/2051 (13,000.000 QTY)	9,390	9,390
CAPITAL ONE FINANCIAL CO DTD 2/1/2023 FLTG RATE 2/1/2034 (46,000.000 QTY)	45,776	45,776
CAPITAL ONE FINANCIAL CO DTD 5/9/2022 FLTG RATE 5/10/2028 (26,000.000 QTY)	25,553	25,553
CFCRE COMMERCIAL MORTGAGE 3.283% 5/10/2058 SERIES 16-C4 (23,000.000 QTY)	21,866	21,866
CHEVRON USA INC DTD 7/15/2020 3.85% 1/15/2028 (21,000.000 QTY)	20,711	20,711
CHURCH & DWIGHT CO INC DTD 12/10/2021 2.3% 12/15/2031 (20,000.000 QTY)	16,995	16,995
CINCINNATI FINL CORP DTD 11/1/2004 6.125% 11/1/2034 (20,000.000 QTY)	20,935	20,935
CITIGROUP COMMERCIAL MORTGAGE 3.192% 04/10/2048 (57,000.000 QTY)	55,073	55,073
CITIGROUP COMMERCIAL MORTGAGE 3.717% 9/15.2048 SERIES 15-P1 (22,000.000 QTY)	21,261	21,261
CITIGROUP INC DTD 04/08/2020 VAR 04/28/2026 (56,000.000 QTY)	54,427	54,427
CITIGROUP INC DTD 1/24/2018 3.878% 1/24/2039 (20,000.000 QTY)	17,249	17,249
CITIGROUP INC DTD 3/26/2015 3.875% 3/26/2025 (35,000.000 QTY)	34,346	34,346
CITIGROUP INC DTD 3/9/2016 4.6% 3/9/2026 (15,000.000 QTY)	14,807	14,807
CITIGROUP INC DTD 9/29/2015 4.45% 9/29/2027 (24,000.000 QTY)	23,448	23,448
CITIGRP COML MTG TR 2015-GC3 A-4 3.778% 9/10/2058 (20,000.000 QTY)	19,113	19,113
CITIGRP COML MTG TR 2016-P4 A-4 2.902% 7/10/2049 (69,000.000 QTY)	64,630	64,630
COMCAST CORP DTD 11/05/2019 3.45% 02/01/2050 (16,000.000 QTY)	12,281	12,281
COMCAST CORP DTD 5/28/2020 2.8% 1/15/2051 (19,000.000 QTY)	12,662	12,662
COMM MTG TR 2015-CCRE25 A-4 3.759% 8/10/2048 SERIES 15-CR25 (27,000.000 QTY)	26,112	26,112
CONS EDISON CO OF NY DTD 8/28/2007 6.3% 8/15/2037 (35,000.000 QTY)	38,351	38,351
COSTCO WHOLESALE CORP DTD 4/20/2020 1.6% 4/20/2030 (34,000.000 QTY)	29,125	29,125
CSAIL COML MTG TR 2015-C3 A-4 3.7182% 8/15/2048 (23,000.000 QTY)	22,199	22,199
CSAIL COML MTG TR 2015-C4 A-4 3.8079% 11/15/2048 (47,000.000 QTY)	45,425	45,425
CSAIL COML MTG TR 2016-C7 A-5 3.502% 11/15/2049 (19,000.000 QTY)	18,032	18,032
CSAIL COMMERCIAL MORTGAGE TR 3.504% 6/15/2057 (30,000.000 QTY)	29,020	29,020
CSX CORP DTD 9/12/2019 3.35% 9/15/2049 (32,000.000 QTY)	24,188	24,188
DELL INT LLC / EMC CORP DTD 1/24/2023 5.25% 2/1/2028 (26,000.000 QTY)	26,647	26,647
E O G RESOURCES INC DTD 4/14/2020 4.95% 4/15/2050 (20,000.000 QTY)	19,646	19,646
EDWARDS LIFESCIENCES COR DTD 6/15/2018 4.3% 6/15/2028 (12,000.000 QTY)	11,810	11,810
ENERGY TRANSFER OPERATNG DTD 1/22/2020 3.75% 5/15/2030 (52,000.000 QTY)	48,289	48,289
ESSENTIAL PROPER DTD 6/28/2021 2.95% 7/15/2031 (15,000.000 QTY)	11,796	11,796
ESTEE LAUDER CO INC DTD 2/9/2017 3.15% 3/15/2027 (28,000.000 QTY)	26,783	26,783
ESTEE LAUDER COS INC DTD 2/9/2017 4.15% 3/15/2047 (10,000.000 QTY)	8,653	8,653
FORTINET INC DTD 3/5/2021 2.2% 3/15/2031 (39,000.000 QTY)	32,644	32,644
G S MORTGAGE SECURITIES TRUST 3.382% 5/10/2050 (23,000.000 QTY)	22,206	22,206
GENERAL MILLS INC DTD 3/29/2023 4.95% 3/29/2033 (46,000.000 QTY)	46,635	46,635
GENERAL MOTORS FINL CO DTD 4/6/2023 5.85% 4/6/2030 (44,000.000 QTY)	45,375	45,375
GOLDMAN SACHS GROUP INC DTD 1/23/2015 3.5% 1/23/2025 (58,000.000 QTY)	56,872	56,872
GS MTG SECS TR 2016-GS2 A-4 3.050% 5/10/2049 SERIES 16-GS2 (23,000.000 QTY)	21,756	21,756
HONEYWELL INTERNATIONAL DTD 2/17/2011 5.375% 3/1/2041 (20,000.000 QTY)	21,213	21,213
IBERDROLA INTL BV DTD 9/9/2003 6.75% 9/15/2033 (5,000.000 QTY)	5,315	5,315
IDEX CORP DTD 5/28/2021 2.625% 6/15/2031 (14,000.000 QTY)	11,904	11,904
INGREDION INC DTD 9/22/2016 3.2% 10/1/2026 (46,000.000 QTY)	44,028	44,028
INTEL CORP DTD 3/25/2020 3.4% 3/25/2025 (25,000.000 QTY)	24,574	24,574
INTEL CORP DTD 9/19/2011 4.8% 10/1/2041 (30,000.000 QTY)	29,327	29,327
J P M B B COML MTG SEC TR 2015-C A-4 3.2274% 10/15/2048 (61,000.000 QTY)	58,775	58,775
J P M C C COML MTG SEC TR 2016-J A-4 2.82180% 8/15/2049 (49,000.000 QTY)	45,603	45,603
J P MORGAN CHASE & CO DTD 12/22/2011 5.4% 1/6/2042 (35,000.000 QTY)	36,255	36,255
JPMBB COML MTG SEC TR 2015-C A-3 3.8014% 8/15/2048 (19,190.960 QTY)	18,433	18,433
JPMORGAN CHASE & CO DTD 1/23/2018 FLTG RATE 1/23/2029 (64,000.000 QTY)	60,644	60,644
JPMORGAN CHASE & CO DTD 11/8/2021 FLTG RATE 11/8/2032 (31,000.000 QTY)	25,866	25,866
JPMORGAN CHASE & CO DTD 9/14/2022 FLTG RATE 9/14/2033 (31,000.000 QTY)	32,076	32,076
KITE REALTY GROUP LP DTD 9/26/2016 4% 10/1/2026 (33,000.000 QTY)	31,182	31,182
L Y B INT FINANCE III DTD 5/19/2023 5.625% 5/15/2033 (38,000.000 QTY)	39,697	39,697
LAM RESEARCH CORP DTD 3/4/2019 4% 3/15/2029 (7,000.000 QTY)	6,907	6,907
LOWE'S COS INC DTD 9/20/2021 2.8% 9/15/2041 (29,000.000 QTY)	21,184	21,184
MAGNA INTERNATIONAL INC DTD 6/16/2014 3.625% 6/15/2024 (50,000.000 QTY)	49,525	49,525
MARATHON OIL CORP DTD 9/27/2007 6.6% 10/1/2037 (29,000.000 QTY)	30,639	30,639
MARRIOT INTERNATIONAL DTD 3/8/2019 3.6% 4/15/2024 (49,000.000 QTY)	48,753	48,753
MASTERCARD INC DTD 3/26/2020 3.35% 3/26/2030 (35,000.000 QTY)	33,379	33,379
MERCK & CO INC DTD 6/24/2020 2.45% 6/24/2050 (15,000.000 QTY)	9,890	9,890
MICRON TECHNOLOGY INC DTD 2/6/2019 5.327% 2/6/2029 (15,000.000 QTY)	15,299	15,299
MORGAN STANLEY DTD 7/24/2012 6.375% 7/24/2042 (15,000.000 QTY)	17,328	17,328
MORGAN STANLEY DTD 7/25/2016 3.125% 7/27/2026 (35,000.000 QTY)	33,514	33,514
MS BOFA ML TRUST 2016-C32 A-4 3.72% 12/15/2049 (22,000.000 QTY)	20,891	20,891
N V I D I A CORP DTD 9/16/2016 3.2% 9/16/2026 (33,000.000 QTY)	32,102	32,102
N V R INC DTD 5/4/2020 3% 5/15/2030 (80,000.000 QTY)	71,274	71,274
NEWMONT CORP DTD 12/20/2021 2.6% 7/15/2032 (55,000.000 QTY)	47,014	47,014
NEXTERA ENERGY CAPITAL HOLDING 5.000% 07/15/2032 (41,000.000 QTY)	41,202	41,202
NIKE INC DTD 10/29/2015 3.875% 11/1/2045 (25,000.000 QTY)	22,068	22,068
NIKE INC DTD 4/26/2013 3.625% 5/1/2043 (10,000.000 QTY)	8,610	8,610
NORFOLK SOUTHERN CORP DTD 8/25/2021 2.9% 8/25/2051 (30,000.000 QTY)	20,432	20,432
NORTHERN TRUST CORP DTD 10/31/2013 3.95% 10/30/2025 (32,000.000 QTY)	31,443	31,443
NORTHROP GRUMMAN CORP DTD 3/23/2020 5.25% 5/1/2050 (11,000.000 QTY)	11,322	11,322
NSTAR ELECTRIC CO DTD 11/18/2015 3.25% 11/15/2025 (45,000.000 QTY)	43,548	43,548
NUCOR CORP DTD 5/22/2020 2% 6/1/2025 (29,000.000 QTY)	27,840	27,840
OKLAHOMA G&E CO DTD 05/27/2011 5.25% 05/15/2041 (20,000.000 QTY)	19,063	19,063
OKLAHOMA GAS & ELEC CO DTD 8/11/2017 3.85% 8/15/2047 (33,000.000 QTY)	26,099	26,099
OLD REPUBLIC INTL CORP DTD 6/11/2021 3.85% 6/11/2051 (15,000.000 QTY)	10,974	10,974
O'REILLY AUTOMOTIVE INC DTD 6/15/2022 4.7% 6/15/2032 (30,000.000 QTY)	29,676	29,676
OSHKOSH CORP DTD 2/26/2020 3.1% 3/1/2030 (12,000.000 QTY)	10,787	10,787
PAYPAL HOLDINGS INC DTD 5/18/2020 1.65% 6/1/2025 (43,000.000 QTY)	41,040	41,040
PFIZER INVESTMENT ENTER DTD 5/19/2023 4.75% 5/19/2033 (58,000.000 QTY)	58,131	58,131
PHYSICIANS REALTY LP DTD 10/13/2021 2.625% 11/1/2031 (18,000.000 QTY)	14,809	14,809
PHYSICIANS REALTY LP DTD 12/1/2017 3.95% 1/15/2028 (16,000.000 QTY)	15,239	15,239
PIONEER NATURAL RESOURCE DTD 1/29/2021 1.125% 1/15/2026 (50,000.000 QTY)	46,412	46,412
PIONEER NATURAL RESOURCES CO DTD 8/11/2020 1.9% 8/15/2030 (34,000.000 QTY)	28,866	28,866
PRINCIPAL FINANCIAL GRP DTD 3/8/2023 5.375% 3/15/2033 (41,000.000 QTY)	41,922	41,922
PUB SVC ELEC & GAS DTD 5/11/2012 3.95% 5/1/2042 (25,000.000 QTY)	21,405	21,405
PULTEGROUP INC DTD 7/29/2016 5% 1/15/2027 (29,000.000 QTY)	29,139	29,139
REGENCY CENTERS LP DTD 3/6/2019 4.65% 3/15/2049 (15,000.000 QTY)	12,852	12,852
REGENCY CENTERS LP DTD 8/20/2019 2.95% 9/15/2029 (19,000.000 QTY)	17,037	17,037
REGENERON PHARMACEUTICAL DTD 8/12/2020 2.8% 9/15/2050 (17,000.000 QTY)	11,204	11,204
REGIONS FINANCIAL CORP DTD 8/12/2021 1.8% 8/12/2028 (33,000.000 QTY)	28,268	28,268
RELIANCE STEEL & ALUM DTD 8/3/2020 1.3% 8/15/2025 (13,000.000 QTY)	12,159	12,159
REXFORD INDUSTRIAL REALT DTD 8/9/2021 2.15% 9/1/2031 (31,000.000 QTY)	24,812	24,812
REYNOLDS AMERICAN INC DTD 9/17/2013 6.15% 9/15/2043 (10,000.000 QTY)	9,895	9,895
RIO TINTO FIN USA LTD DTD 11/2/2010 5.2% 11/2/2040 (10,000.000 QTY)	10,290	10,290
ROCKWELL AUTOMATION DTD 02/17/2015 2.875% 03/01/2025 (57,000.000 QTY)	55,688	55,688
ROSS STORES INC DTD 10/21/2020 0.875% 4/15/2026 (21,000.000 QTY)	19,249	19,249
SNAP ON INC DTD 2/26/2018 4.1% 3/1/2048 (10,000.000 QTY)	8,856	8,856
SOUTHERN COPPER CORP DTD 11/8/2012 5.25% 11/8/2042 (20,000.000 QTY)	19,370	19,370
SOUTHERN COPPER CORP DTD 4/23/2015 3.875% 4/23/2025 (69,000.000 QTY)	67,788	67,788
SPIRIT REALTY LP DTD 9/16/2019 3.2% 1/15/2027 (40,000.000 QTY)	37,843	37,843
STATE STREET CORP DTD 8/18/2015 3.55% 8/18/2025 (47,000.000 QTY)	46,113	46,113
STATOIL ASA DTD 5/15/2013 3.95% 5/15/2043 (10,000.000 QTY)	8,799	8,799
TARGET CORP DTD 3/31/2020 2.25% 4/15/2025 (49,000.000 QTY)	47,511	47,511
TEXAS INSTRUMENTS INC DTD 5/7/2018 4.15% 5/15/2048 (32,000.000 QTY)	29,016	29,016
T-MOBILE USA INC DTD 4/15/2021 3.875% 4/15/2030 (36,000.000 QTY)	34,139	34,139
TORCHMARK CORP DTD 9/27/2018 4.55% 9/15/2028 (42,000.000 QTY)	41,649	41,649
TOTAL CAPITAL INTERNATIONAL SA 2.986% 6/29/2041 (27,000.000 QTY)	20,982	20,982
TYSON FOODS INC DTD 6/2/2017 3.55% 6/2/2027 (25,000.000 QTY)	23,832	23,832
TYSON FOODS INC DTD 9/28/2018 5.1% 9/28/2048 (26,000.000 QTY)	23,578	23,578
UNION ELECTRIC CO DTD 10/1/2019 3.25% 10/1/2049 (15,000.000 QTY)	10,482	10,482
VERIZON COMMUNICATIONS DTD 3/16/2017 5.25% 3/16/2037 (10,000.000 QTY)	10,406	10,406
VERIZON COMMUNICATIONS DTD 3/20/2020 3.15% 3/22/2030 (10,000.000 QTY)	9,140	9,140
VERIZON COMMUNICATIONS DTD 3/22/2021 3.55% 3/22/2051 (48,000.000 QTY)	36,984	36,984
VERIZON COMMUNICATIONS DTD 8/16/2017 3.376% 2/15/2025 (16,000.000 QTY)	15,700	15,700
VISA INC DTD 8/17/2020 2% 8/15/2050 (32,000.000 QTY)	19,760	19,760
VODAFONE GROUP PLC DTD 05/30/2018 4.375% 05/30/2028 (40,000.000 QTY)	39,895	39,895
VODAFONE GROUP PLC DTD 2/19/2013 4.375% 2/19/2043 (42,000.000 QTY)	36,612	36,612
WACHOVIA CORPORATION DTD 8/1/2005 5.50% 8/1/2035 (10,000.000 QTY)	10,127	10,127
WELLS FARGO & COMPANY DTD 11/17/2015 4.9% 11/17/2045 (10,000.000 QTY)	9,089	9,089
WELLS FARGO & COMPANY DTD 7/22/2015 4.3% 7/22/2027 (50,000.000 QTY)	48,938	48,938
WELLS FARGO COML TR 2015-C28 A-4 3.54% 5/15/2048 (28,000.000 QTY)	27,070	27,070
WELLS FARGO COMMERCIAL 3.809% 12/15/2048 SERIES 15-P2 (23,000.000 QTY)	22,191	22,191
WELLS FARGO COMMERCIAL MORT 3.631%01/15/2060 SERIES 17-RC1 (44,000.000 QTY)	41,883	41,883
WELLS FARGO COMMERCIAL MORTG 3.637% 06/15/2048 (26,000.000 QTY)	25,160	25,160
WELLS FARGO COMMERCIAL MORTG 3.664% 9/15/2058 SERIES 15-C30 (26,000.000 QTY)	25,169	25,169
WELLS FARGO COMMERCIAL MORTGAGE 2.918% 11/15/2049 (84,000.000 QTY)	78,648	78,648
WISCONSIN PUBLIC SERVICE DTD 11/18/2021 2.85% 12/1/2051 (29,000.000 QTY)	19,124	19,124

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACADIA HEALTHCARE (ACHC) 1,840.000 SHS	143,078	143,078
ACUITY BRANDS INC (AYI) 1,076.000 SHS	220,397	220,397
ADVANCED DRAINAGE SYSTEMS INC (WMS) 1,170.000 SHS	164,549	164,549
ADVANCED ENERGY INDS INC (AEIS) 1,818.000 SHS	198,017	198,017
AIR LEASE CORP (AL) 2,724.000 SHS	114,245	114,245
ALARM.COM HOLDINGS INC (ALRM) 1,444.000 SHS	93,311	93,311
ALBANY INTL CORP NEW CL A (AIN) 1,946.000 SHS	191,136	191,136
ALEXANDRIA REAL ESTATE EQUITIES INC (ARE) 1,115.000 SHS	141,349	141,349
AMBARELLA INC (AMBA) 937.000 SHS	57,429	57,429
AMICUS THERAPEUTICS INC (FOLD) 7,515.000 SHS	106,635	106,635
ATMOS ENERGY CORP (ATO) 1,291.000 SHS	149,627	149,627
AVNET INC (AVT) 4,219.000 SHS	212,638	212,638
AXON ENTERPRISEINC (AXON) 699.000 SHS	180,573	180,573
B W X TECHNOLOGIES INC (BWXT) 2,768.000 SHS	212,389	212,389
BATH & BODY WORKS INC (BBWI) 3,582.000 SHS	154,599	154,599
BIO-TECHNE CORP (TECH) 1,575.000 SHS	121,527	121,527
BLUEPRINT MEDICINES CORPORATION (BPMC) 1,218.000 SHS	112,348	112,348
BORG-WARNER AUTOMOTIVE INC (BWA) 2,109.000 SHS	75,608	75,608
BRIGHT HORIZONS FAMILY SOLUTIONS (BFAM) 1,177.000 SHS	110,920	110,920
BRINKS CO (BCO) 1,583.000 SHS	139,225	139,225
BUILDERS FIRSTSOURCE INC (BLDR) 787.000 SHS	131,382	131,382
BURLINGTON STORES INC (BURL) 394.000 SHS	76,625	76,625
C B R E GROUP INC (CBRE) 2,613.000 SHS	243,244	243,244
CABOT CORP (CBT) 1,844.000 SHS	153,974	153,974
CAMECO CORP (CCJ) 2,510.000 SHS	108,181	108,181
CASELLA WASTE SYS INC CL A (CWST) 1,366.000 SHS	116,738	116,738
CERTARA INC COM (CERT) 3,653.000 SHS	64,256	64,256
CF INDUSTRIES HOLDINGS INC (CF) 1,476.000 SHS	117,342	117,342
CHARLES RIV LABORATORIES INTL INC (CRL) 1,074.000 SHS	253,894	253,894
CHART INDUSTRIES INC (GTLS) 741.000 SHS	101,021	101,021
CHEMED CORP NEW (CHE) 329.000 SHS	192,383	192,383
CLEARWATER ANALYTICS HLDGS I CL A (CWAN) 4,057.000 SHS	81,262	81,262
COGNEX CORP (CGNX) 1,853.000 SHS	77,344	77,344
CONMED CORP (CNMD) 1,463.000 SHS	160,213	160,213
CRACKER BARREL OLD COUNTRY STORE INC (CBRL) 855.000 SHS	65,903	65,903
CROWN HLDGS INC (CCK) 1,495.000 SHS	137,675	137,675
D R HORTON INC (DHI) 1,419.000 SHS	215,660	215,660
DARDEN RESTAURANTS INC (DRI) 791.000 SHS	129,961	129,961
DARLING INTL INC (DAR) 3,389.000 SHS	168,908	168,908
DIAMONDBACK ENERGY INC (FANG) 2,025.000 SHS	314,037	314,037
DIGI INTL INC (DGII) 5,951.000 SHS	154,726	154,726
DYNATRACE HOLDINGS LLC (DT) 3,116.000 SHS	170,414	170,414
E.L.F. BEAUTY INC (ELF) 1,317.000 SHS	190,096	190,096
EAGLE MATERIALS INC (EXP) 379.000 SHS	76,876	76,876
EASTGROUP PPTYS INC (EGP) 833.000 SHS	152,889	152,889
EASTMAN CHEM CO (EMN) 1,245.000 SHS	111,826	111,826
ENTEGRIS INC (ENTG) 2,427.000 SHS	290,803	290,803
EURONET WORLDWIDE INC (EEFT) 431.000 SHS	43,742	43,742
EVEREST RE GROUP LTD (EG) 243.000 SHS	85,920	85,920
EVOLENT HEALTH INC (EVH) 3,185.000 SHS	105,201	105,201
EXLSERVICE HOLDINGS INC (EXLS) 2,199.000 SHS	67,839	67,839
FIRSTCASH HLDGS INC (FCFS) 1,421.000 SHS	154,022	154,022
FIRSTSERVICE CORPORATION (FSV) 566.000 SHS	91,743	91,743
FIVE BELOW INC (FIVE) 818.000 SHS	174,365	174,365
FLEXTRONICS INTL LTD (FLEX) 10,885.000 SHS	331,557	331,557
FLYWIRE CORPORATION (FLYW) 3,558.000 SHS	82,368	82,368
FRESHPET INC (FRPT) 2,217.000 SHS	192,347	192,347
G A T X CORP (GATX) 1,536.000 SHS	184,658	184,658
GLOBUS MEDICAL INC (GMED) 1,033.000 SHS	55,049	55,049
GUIDEWIRE SOFTWARE INC (GWRE) 1,656.000 SHS	180,570	180,570
HEALTHEQUITY INC (HQY) 1,462.000 SHS	96,931	96,931
HEALTHSOUTH CORPORATION (EHC) 3,092.000 SHS	206,298	206,298
HEARTLAND FINANCIAL USA INC (HTLF) 2,792.000 SHS	105,007	105,007
HEICO CORP NEW CL A (HEI.A) 910.000 SHS	129,620	129,620
HUNTINGTON INGALLS INDUSTRIES INC. (HII) 668.000 SHS	173,440	173,440
INSMED INC (INSM) 2,703.000 SHS	83,766	83,766
INSPIRE MED SYS INC COM (INSP) 532.000 SHS	108,225	108,225
INSULET CORPORATION (PODD) 598.000 SHS	129,754	129,754
KEYCORP NEW (KEY) 5,772.000 SHS	83,117	83,117
KOSMOS ENERGY LTD (KOS) 10,307.000 SHS	69,160	69,160
LANCASTER COLONY CORP (LANC) 965.000 SHS	160,566	160,566
LATTICE SEMICONDUCTOR CORP (LSCC) 937.000 SHS	64,644	64,644
LIVE NATION INC (LYV) 1,145.000 SHS	107,172	107,172
LKQ CORP (LKQ) 3,043.000 SHS	145,425	145,425
LUMENTUM HOLDINGS INC (LITE) 3,097.000 SHS	162,345	162,345
MASCO CORP (MAS) 2,891.000 SHS	193,639	193,639
MERCURY COMPUTER SYS INC (MRCY) 3,763.000 SHS	137,613	137,613
MERIT MED SYS INC (MMSI) 2,082.000 SHS	158,149	158,149
MOOG INC CL A (MOG.A) 1,452.000 SHS	210,221	210,221
MURPHY OIL CORP (MUR) 6,946.000 SHS	296,316	296,316
N O V INC (NOV) 9,068.000 SHS	183,899	183,899
NATIONAL VISION HOLDINGS INC (EYE) 5,675.000 SHS	118,778	118,778
NEOGEN CORP (NEOG) 4,966.000 SHS	99,866	99,866
NEW FORTRESS ENERGY LLC (NFE) 3,824.000 SHS	144,280	144,280
NICE SYSTEMS LTD (NICE) 696.000 SHS	138,859	138,859
NOBLE CORP PLC (NE) 1,307.000 SHS	62,945	62,945
NOVANTA INC (NOVT) 652.000 SHS	109,803	109,803
PEBBLEBROOK HOTEL TRUST (PEB) 6,782.000 SHS	108,376	108,376
PENUMBRA INC (PEN) 626.000 SHS	157,464	157,464
PERFORMANCE FOOD GROUP COMPANY (PFGC) 2,902.000 SHS	200,673	200,673
PINNACLE FINANCIAL PARTNERS (PNFP) 1,952.000 SHS	170,253	170,253
POOL CORPORATION (POOL) 469.000 SHS	186,995	186,995
POPULAR, INC (BPOP) 1,997.000 SHS	163,894	163,894
RAYMOND JAMES FINL INC (RJF) 1,272.000 SHS	141,828	141,828
REGAL BELOIT CORP (RRX) 409.000 SHS	60,540	60,540
REINSURANCE GROUP OF AMERICA (RGA) 1,340.000 SHS	216,785	216,785
RENAISSANCE RE HLDGS LTD ADR (RNR) 738.000 SHS	144,648	144,648
REPLIGEN CORP (RGEN) 653.000 SHS	117,409	117,409
REVOLVE GROUP INC (RVLV) 3,578.000 SHS	59,323	59,323
S T A G INDUSTRIAL INC (STAG) 3,541.000 SHS	139,020	139,020
SABRE CORPORATION (SABR) 14,676.000 SHS	64,574	64,574
SANMINA CORPORATION (SANM) 3,025.000 SHS	155,394	155,394
SCHNEIDER NATIONAL, INC (SNDR) 4,859.000 SHS	123,662	123,662
SEALED AIR CORP NEW (SEE) 4,010.000 SHS	146,445	146,445
SHOALS TECHNOLOGIES GROUP INC (SHLS) 3,282.000 SHS	51,002	51,002
SITEONE LANDSCAPE SUPPLY INC (SITE) 440.000 SHS	71,500	71,500
SNAP ON INC (SNA) 613.000 SHS	177,059	177,059
SONOCO PRODUCTS CO (SON) 1,961.000 SHS	109,561	109,561
SPS COMMERCE INC (SPSC) 371.000 SHS	71,915	71,915
STIFEL FINANCIAL CORP (SF) 2,307.000 SHS	159,529	159,529
SUPER MICRO COMPUTER INC (SMCI) 371.000 SHS	105,460	105,460
SYNOPSYS INC (SNPS) 428.000 SHS	220,381	220,381
TECHNIPFMC LIMITED (FTI) 2,570.000 SHS	51,760	51,760
TENABLE HLDGS INC COM (TENB) 2,449.000 SHS	112,801	112,801
THE CARLYLE GROUP LP (CG) 4,871.000 SHS	198,201	198,201
THE SCOTTS MIRACLE-GRO COMPANY (SMG) 1,516.000 SHS	96,645	96,645
TIMKEN CO (TKR) 1,540.000 SHS	123,431	123,431
TOPBUILD CORP (BLD) 306.000 SHS	114,524	114,524
TRADEWEB MARKETS INC (TW) 1,310.000 SHS	119,053	119,053
TREX INC (TREX) 1,424.000 SHS	117,893	117,893
TRINET GROUP, INC (TNET) 893.000 SHS	106,204	106,204
TWIST BIOSCIENCE CORP (TWST) 2,424.000 SHS	89,349	89,349
TYLER TECHNOLOGIES INC (TYL) 343.000 SHS	143,415	143,415
UNITED BANKSHARES INC W VA (UBSI) 5,509.000 SHS	206,863	206,863
VARONIS SYSTEMS INC (VRNS) 2,111.000 SHS	95,586	95,586
VIRTU FINANCIAL INC (VIRT) 4,252.000 SHS	86,146	86,146
VORNADO REALTY TRUST (VNO) 7,411.000 SHS	209,361	209,361
WEBSTER FINL CORP WATERBURY CONN (WBS) 2,254.000 SHS	114,413	114,413
WESBANCO INC (WSBC) 3,959.000 SHS	124,194	124,194
WESTERN ALLIANCE BANCORP COM (WAL) 1,284.000 SHS	84,474	84,474
WHITECAP RESOURCES INC (SPGYF) 9,572.000 SHS	64,353	64,353
WILLSCOT MOBILE MINI HOLDINGS (WSC) 1,337.000 SHS	59,497	59,497
WOLVERINE WORLD WIDE INC (WWW) 7,407.000 SHS	65,848	65,848

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

US Government Securities - End of Year Book Value:

4,262,838

US Government Securities - End of Year Fair Market Value:

4,262,838

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AEW CORE PROPERTY (U.S.), LP	FMV	6,673,075	6,673,075
ARTISAN FUNDS INC INTERNATIONAL (APHKX) (380,872.981 QTY)	FMV	17,504,922	17,504,922
FIRST HORIZON NATIONAL CORP (26,000.000 QTY)	FMV	4	4
MARRIOTT INTERNATIONAL INC CLASS A (170,131.000 QTY)	FMV	383	383
METROPOLITAN REAL ESTATE PARTNERS GLOBAL III, LP	FMV	53,511	53,511
PIONEER BOND FUND-Y (1,141,402,437.000 QTY)	FMV	9,462,226	9,462,226
SANTANDER AUTO REC TR 2021-3 0.950% 9/15/2027 (19,630.070 QTY)	FMV	19,456	19,456
SANTANDER DRIVE AUTO 2021-4 1.260% 2/16/2027 (47,824.350 QTY)	FMV	46,932	46,932
SANTANDER DRIVE AUTO REC TRUST 4.980% 02/15/2028 (30,000.000 QTY)	FMV	29,777	29,777
VANGUARD INSTL INDEX FD SH BEN INT (VINIX) (85,547,658.000 QTY)	FMV	33,661,292	33,661,292
WCM FOCUSED INTERNATIONAL GROWTH (WCMIX) (728,169.712 QTY)	FMV	16,573,143	16,573,143

- TIN:

TY 2023 LegalFeesSchedule

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL SERVICES	5,597	0		5,597

- TIN:

TY 2023 OtherAssetsSchedule

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
SECURITY DEPOSIT	2,636	2,636	2,636
ACCRUED INVESTMENT INCOME RECEIVABLE	81,280	133,203	133,203

- TIN:

TY 2023 OtherExpensesSchedule

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
COMPUTER, WEBSITE & INTERNET	70,591	0	70,591
POSTAGE	76	0	76
TELEPHONE	1,309	0	1,309
INSURANCE	13,830	0	13,830
GENERAL OFFICE EXPENSE	10,977	0	10,977
MEMBERSHIPS	4,190	0	4,190
OTHER PROGRAM EXPENSES	1,926	0	1,926
OTHER PARTNERSHIP EXPENSES	0	1,285	0
BANK CHARGES	145	145	0

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER PARTNERSHIP INCOME THROUGH K-1	0	5,798	0
GRANT REFUNDS	34,005		34,005
SECURITIES LITIGATION	1,772	1,772	1,772

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

Description	Amount
UNREALIZED GAIN ON INVESTMENTS	10,843,617

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	184,976	230,732	0
GRANT/PROGRAM CONSULTANTS	82,235	0	82,235
OTHER CONSULTANTS	961	0	961
CUSTODY FEES	53,871	53,871	0
BOOKKEEPING	36,000	0	36,000
INVESTMENT CONSULTANT FEES	109,489	109,489	0

- TIN:

TY 2023 TaxesSchedule

Name:

STRANAHAN FOUNDATION

EIN:

34-6514375

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX	45,000	0		0
TAXES WITHHELD	1,945	1,945		0