Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
ADAMS FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4351 GULF SHORE BOULEVARD N 14N
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NAPLES, FL34103
A Employer identification number

46-1605016
B Telephone number (see instructions)

(239) 649-6209
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$61,882,195J 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... 874,039 873,578  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,260,305
b Gross sales price for all assets on line 6a 23,969,975
7 Capital gain net income (from Part IV, line 2)... 5,260,305
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-18,323 -5,155  
12 Total. Add lines 1 through 11........ 6,116,021 6,128,728  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
19,500 9,750   9,750
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
119,648 119,648   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
98,411 1,411   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
55,877 54,575   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 293,436 185,384   9,750
25 Contributions, gifts, grants paid....... 2,611,000 2,611,000
26 Total expenses and disbursements. Add lines 24 and 25 2,904,436 185,384   2,620,750
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,211,585
b Net investment income (if negative, enter -0-) 5,943,344
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............. 1,223,002 2 2
2 Savings and temporary cash investments......... 775,466 5,654,104 5,654,104
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) 7,545,504 Click to see attachment
List of Attached Documents:
// Content
7,244,393 		7,330,587
b Investments—corporate stock (attach schedule)....... 37,880,702 Click to see attachment
List of Attached Documents:
// Content
35,867,152 		43,437,759
c Investments—corporate bonds (attach schedule)....... 3,023,528 Click to see attachment
List of Attached Documents:
// Content
4,530,750 		4,511,140
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).......... 581,007 Click to see attachment
List of Attached Documents:
// Content
832,296 		948,603
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) 51,029,209 54,128,697 61,882,195
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........ 51,029,209 54,128,697
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 51,029,209 54,128,697
30 Total liabilities and net assets/fund balances (see instructions). 51,029,209 54,128,697
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
51,029,209
2
Enter amount from Part I, line 27a .....................
2
3,211,585
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
404,977
4
Add lines 1, 2, and 3 ..........................
4
54,645,771
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
517,074
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
54,128,697
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 FIFTH AVENUE PRIVATE EQUITY 16 LLC P 2023-01-01 2023-12-31
b BESSEMER A/C #Y39 ST COVERED P 2023-01-01 2023-12-31
c BESSEMER A/C #Y42 LT NON-COVERED P 2023-01-01 2023-12-31
d BESSEMER A/C #Y42 ST COVERED P 2023-01-01 2023-12-31
e BESSEMER A/C #Y39 LT CLASS ACTION SETTLEMENT P 2023-01-01 2023-12-31
FIFTH AVENUE PRIVATE EQUITY 16 LLC P 2023-01-01 2023-12-31
BESSEMER A/C #3278 LT NON-COVERED P 2023-01-01 2023-12-31
BESSEMER A/C #Y39 LT COVERED P 2023-01-01 2023-12-31
BESSEMER A/C #Y42 LT COVERED P 2023-01-01 2023-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     624 -624
b 1,445,363   1,510,523 -65,160
c 184,462   184,375 87
d 4,306,058   4,397,248 -91,190
e 493     493
    51 -51
5,068,179   2,209,594 2,858,585
6,512,635   3,426,848 3,085,787
6,452,465   6,980,407 -527,942
320     320
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       -624
b       -65,160
c       87
d       -91,190
e       493
      -51
      2,858,585
      3,085,787
      -527,942
      320
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 5,260,305
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 82,612
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 82,612
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 82,612
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 87,495
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.............. 7 107,495
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 24,883
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow24,883 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 arrowFL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowPATRICK F ADAMS Telephone no.right arrow (236) 649-6209

Located atright arrow4351 GULF SHORE BOULEVARD N 14NNAPLESFL ZIP+4right arrow34103
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
PATRICK F ADAMS TRUSTEE
1.00 		0 0 0
4351 GULF SHORE BLVD N APT 14N
NAPLES,FL34103
NANNETTE HENDEL CO-TRUSTEE/DIRECTOR OF PHILANTHROPY
8.00 		0 0 0
1142 FOX HILL RD
CHESHIRE,CT06410
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
BESSEMER TRUST INVESTMENT MGMT FEESINVESTMENT MANAGEMEN 119,648
3777 TAMIAMI TRAIL NORTH SUITE 200
NAPLES,FL341033719
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 N/A 0
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
58,021,580
b
Average of monthly cash balances.......................
1b
617,475
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
58,639,055
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
58,639,055
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
879,586
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
57,759,469
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,887,973
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
2,887,973
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
82,612
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
82,612
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,805,361
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,805,361
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
2,805,361
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
2,620,750
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
2,620,750
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 2,805,361
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 142,292
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,620,750
a Applied to 2022, but not more than line 2a 142,292
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 2,478,458
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		326,903
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
PATRICK F ADAMS
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

AMERICAN HUMANE

1400 16TH STREET NW SUITE 360
WASHINGTON,DC20036 		NONE PC FOR MISSION SUPPORT 10,000

ARCHDIOCESE FOR THE MILITARY SERVICES

1025 MICHIGAN AVENUE NE
WASHINGTON,DC20017 		NONE PC FOR MISSION SUPPORT 25,000

BOYS TOWN

14100 CRAWFORD STREET
BOYS TOWN,NE68010 		NONE PC FOR MISSION SUPPORT 25,000

CARDINAL HAYES HOME FOR CHILDREN

60 ST JOSEPH DRIVE
MILLBROOK,NY125450140 		NONE PC FOR MISSION SUPPORT 10,000

CATHOLIC CHARITIES HAWAII

1822 KEEAUMOKU STREET
HONOLULU,HI96822 		NONE PC FOR MISSION SUPPORT 10,000

CATHOLIC MEDICAL MISSION BOARD

100 WALL STREET 9TH FLOOR
NEW YORK,NY10005 		NONE PC FOR MISSION SUPPORT 125,000

CHRISTIAN APPALACHIAN PROJECT

441 KY-2417
CORBIN,KY40701 		NONE PC FOR MISSION SUPPORT 10,000

COVENANT HOUSE

5 PENN PLAZA
NEW YORK,NY10001 		NONE PC FOR MISSION SUPPORT 600,000

DOCTORS WITHOUT BORDERS USA

333 SEVENTH AVENUE 2ND FLOOR
NEW YORK,NY10001 		NONE PC FOR MISSION SUPPORT 25,000

DOMINICAN FRIARS FOUNDATION

141 EAST 65TH STREET
NEW YORK,NY10065 		NONE PC FOR MISSION SUPPORT 50,000

DOMINICAN SISTERS OF MARY MOTHER OF THE EUCHARIST

24 FRANK LLOYD WRIGHT DRIVE
ANN ARBOR,MI48106 		NONE PC FOR MISSION SUPPORT 25,000

FRANCISCAN FRIARS OF THE ATONEMENT

PO BOX 301
GARRISON,NY10524 		NONE PC FOR MISSION SUPPORT 100,000

OUR LADY OF GOOD COUNSEL CAMP

8888 E GOBBLER DRIVE
FLORAL CITY,FL34436 		NONE PC FOR MISSION SUPPORT 25,000

GRACE CENTER FOUNDATION

PO BOX 112692
NAPLES,FL34108 		NONE PC FOR MISSION SUPPORT 75,000

MAIMONIDES MEDICAL CENTER

4802 10TH AVENUE
BROOKLYN,NY11219 		NONE PC FOR MISSION SUPPORT 56,000

MAUI HUMANE SOCIETY

PO BOX 1047
PUUNENE,HI96784 		NONE PC FOR MISSION SUPPORT 10,000

MERCY HAVEN INC

859 CONNETQUOT AVENUE 10TH
ISLIP TERRACE,NY11752 		NONE PC FOR MISSION SUPPORT 50,000

MERCY HOME FOR BOYS & GIRLS

1140 W JACKSON BLVD
CHICAGO,IL60607 		NONE PC FOR MISSION SUPPORT 10,000

MEMORIAL SLOAN KETTERING CANCER CENTER

633 3RD AVE 5TH FLOOR
NEW YORK,NY10017 		NONE PC FOR MISSION SUPPORT 50,000

OUR LADY OF VICTORY HOMES OF CHARITY

780 RIDGE ROAD
LACKAWANNA,NY14218 		NONE PC FOR MISSION SUPPORT 100,000

THE PADRE PIO FOUNDATION OF AMERICA

463 MAIN ST
CROMWELL,CT06416 		NONE PC FOR MISSION SUPPORT 25,000

PRISON FELLOWSHIP

44180 RIVERSIDE PARKWAY
LANSDOWNE,VA20176 		NONE PC FOR MISSION SUPPORT 50,000

PROJECT ALS

20 PARK AVE
NEW YORK,NY10016 		NONE PC FOR MISSION SUPPORT 50,000

RONALD MCDONALD HOUSE CHARITIES

267-07 76TH AVENUE
QUEENS,NY11040 		NONE PC FOR MISSION SUPPORT 25,000

SEVERAL SOURCES SHELTERS

300 AIRMOUNT AVE
RAMSEY,NJ07446 		NONE PC FOR MISSION SUPPORT 50,000

SISTERS FOR LIFE INC

1143 S 6TH ST
LOUISVILLE,KY40203 		NONE PC FOR MISSION SUPPORT 10,000

SMILE TRAIN

633 3RD AVENUE 9TH FLOOR
NEW YORK,NY10017 		NONE PC FOR MISSION SUPPORT 10,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE PC FOR MISSION SUPPORT 50,000

ST PATRICK CATHOLIC CHURCH

508 W AGNUS STREET
GRETNA,NE68028 		NONE PC FOR MISSION SUPPORT 55,000

THE BOWERY MISSION

432 PARK AVENUE SOUTH 3RD FLOOR
NEW YORK,NY10016 		NONE PC FOR MISSION SUPPORT 50,000

THE CARDINAL NEWMAN SOCIETY

10432 BALLS FORD RD STE 300
MANASSAS,VA20109 		NONE PC FOR MISSION SUPPORT 50,000

THE CATHOLIC HERALD INSTITUTE

9 WEST 57TH STREET 49TH FLOOR
NEW YORK,NY10019 		NONE PC FOR MISSION SUPPORT 25,000

THE SHEEN CENTER FOR THOUGHT & CULTURE

18 BLEECKER ST
NEW YORK,NY10012 		NONE PC FOR MISSION SUPPORT 60,000

TUNNEL TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		NONE PC FOR MISSION SUPPORT 50,000

UJA-FEDERATION OF NEW YORK

130 EAST 59TH STREET
NEW YORK,NY100221302 		NONE PC FOR MISSION SUPPORT 10,000

VINCENTIAN INTERNATIONAL MISSION SERVICES

13245 TESSON FERRY ROAD
ST LOUIS,MO631283888 		NONE PC FOR MISSION SUPPORT 650,000
Total .................................right arrow 3a 2,611,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 874,039  
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 ..... 523000        
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 5,260,305  
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 6,134,344 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
6,134,344
(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.)
7 NET INCOME/(LOSS) FROM LLC INVESTMENTS
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:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PWC TAX PREP FEES 19,500 9,750   9,750

TY 2023 InvestmentsCorpBondsSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC 180,873 171,913
AIR LEASE CORP 118,898 123,148
AMERICAN HONDA FINANCE 60,989 63,869
AUTOZONE INC 114,887 114,369
BANK OF AMERICA CORP 118,236 116,661
BHP BILLITON FIN USA LTD 164,117 169,578
CAPITAL ONE FINANCIAL CO 116,454 120,026
CHARLES SCHWAB CORP 124,637 116,368
COMCAST CORP 150,134 147,923
CVS HEALTH CORP 111,300 113,922
DTE ENERGY CO 135,223 133,277
ELECTRONIC ARTS INC 132,742 130,226
ENBRIDGE INC 115,937 119,598
ENERGY TRANSFER PARTNERS 126,729 114,730
GENERAL MOTORS FINL CO 123,988 128,284
JPMORGAN CHASE & CO 47,310 41,669
JPMORGAN CHASE & CO 49,045 47,602
L3HARRIS TECH INC 114,062 117,420
MAGNA INTERNATIONAL INC 171,223 168,364
MORGAN STANLEY 160,910 154,656
PAYPAL HOLDINGS INC 119,959 128,222
PFIZER INVESTMENT ENTER 102,301 102,017
PNC FINANCIAL SERVICES 117,573 119,228
PUBLIC SERVICE ENTERPRIS 115,103 120,687
PUBLIC STORAGE 135,013 121,415
ROYAL BANK OF CANADA 124,953 122,564
SDART 2023-1 B 112,996 114,098
SHERWIN-WILLIAMS CO 92,642 86,648
SOUTHERN CAL EDISON 129,798 126,479
SOUTHWEST AIRLINES CO 119,449 120,552
STARBUCKS CORP 120,049 120,514
SUMITOMO MITSUI FINL GRP 117,925 120,414
SYSCO CORPORATION 115,060 119,961
TOYOTA MOTOR CREDIT CORP 135,414 134,177
TRUIST FINANCIAL CORP 117,165 119,099
VALERO ENERGY CORP 200,092 197,956
WARNERMEDIA HOLDINGS INC 117,564 123,506

TY 2023 InvestmentsCorpStockSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Name of Stock End of Year Book Value End of Year Fair Market Value
ALIMENTATION COUCHE-TARD I 213,866 253,996
ALPHABET INC CLASS C (GOOG) 104,732 483,389
AMAZON.COM INC (AMZN) 280,565 521,154
AMEREN CORP (AEE) 134,079 135,420
AON PLC (AON) 102,011 105,931
APPLE INC (AAPL) 110,470 750,674
ASHTEAD GROUP 117,047 123,118
ASM INTERNATIONAL NV 42,168 60,757
ASML HOLDING 121,882 184,552
AUTOZONE INC (AZO) 102,336 103,424
AVANTOR INC (AVTR) 90,869 79,790
BANK OF AMERICA CORP (BAC) 209,762 235,757
BATH & BODY WORKS INC (BBWI) 43,975 42,081
BJ'S WHOLESALE CLUB HOLDIN (BJ) 89,607 93,923
BLACKSTONE INC (BX) 45,001 109,972
BOOZ ALLEN HAMILTON HLDGS (BAH) 59,237 73,036
BROOKFIELD ASSET MANAGEMEN (BN) 82,924 95,686
CANADIAN PACIFIC KANSAS CI 174,221 178,966
CARLISLE COS (CSL) 62,440 97,790
CDW CORP/DE (CDW) 41,942 89,336
CENCORA INC (COR) 215,724 271,101
CHAMPIONX CORP (CHX) 50,606 48,284
CLEAN HARBORS INC (CLH) 65,321 85,160
CONOCOPHILLIPS (COP) 71,352 178,399
CONSTELLATION SOFTWARE 59,811 59,686
COOPER COS INC (COO) 62,324 91,582
COPART INC (CPRT) 130,966 229,810
COSTCO WHSL CORP NEW 108,611 147,857
CRH PLC (CRH) 51,725 51,870
DANAHER CORP (DHR) 130,738 190,161
DOLLARAMA INC 44,716 104,887
EATON CORP PLC (ETN) 85,250 144,492
EQUIFAX INC (EFX) 69,417 113,011
EXPEDIA GROUP INC (EXPE) 100,496 106,101
GARTNER INC CL A (IT) 156,052 198,488
HEALTH CARE SELECT SPDR (XLV) 150,034 150,018
HILTON WORLDWIDE HOLDINGS (HLT) 89,810 157,872
HOWMET AEROSPACE INC (HWM) 134,960 202,950
INTERCONTINENTAL EXCHG INC (ICE) 173,760 224,752
IQVIA HOLDINGS INC (IQV) 122,894 188,343
ISHARES CHINA LRGE-CAP ETF (FXI) 108,661 79,058
JPMORGAN CHASE & CO (JPM) 143,360 285,768
KEYSIGHT TECHNOLOGIES INC (KEYS) 87,086 87,658
LINCOLN ELEC HLDG (LECO) 34,136 56,757
LOWES COS INC (LOW) 83,699 91,245
LVMH MOET HENNESSY VUITTON 87,345 134,563
MANHATTAN ASSOCIATES INC (MANH) 51,770 59,643
MARVELL TECHNOLOGY INC (MRVL) 121,819 164,947
MEDPACE HOLDINGS (MEDP) 53,911 59,466
MERCADOLIBRE INC (MELI) 109,086 133,580
META PLATFORMS INC 200,044 310,776
MICROSOFT CORP (MSFT) 118,574 940,476
MOTOROLA SOLUTIONS INC (MSI) 218,228 255,481
NASDAQ INC. (NDAQ) 30,655 64,302
NEXTERA ENERGY INC (NEE) 55,905 132,413
NICE LTD ADR (NICE) 89,403 94,567
NORTHROP GRUMMAN CORP (NOC) 154,536 161,976
NVIDIA CORP (NVDA) 159,216 297,132
ORACLE CORP (ORCL) 205,470 255,140
OW CREDIT INCOME FUND (OWCIX) 2,449,262 1,983,706
OW LARGE CAP STRATEGIES FD (OWLSX) 17,060,251 20,502,322
OW SMALL & MIDCAP STRAT FD (OWSMX) 7,317,218 6,872,597
PIONEER NATURAL RESOURCES (PXD) 72,836 94,899
POOL CORP (POOL) 52,439 56,616
PROLOGIS INC (PLD) 210,446 209,281
RYAN SPECIALTY HOLDNGS INC (RYAN) 30,650 31,189
S&P GLOBAL INC. (SPGI) 150,211 199,115
SAIA INC COM (SAIA) 30,772 62,227
SCHLUMBERGER LTD (SLB) 175,583 171,732
SERVICENOW INC (NOW) 28,995 119,396
SMITH A O CORP (AOS) 21,959 43,610
STERIS PLC (STE) 59,354 100,471
TAKE-2 INTERACTIVE 154,073 193,140
TELEFLEX INC (TFX) 48,522 44,133
THERMO FISHER SCIENTIFIC (TMO) 90,180 195,861
TRADEWEB MARKETS INC (TW) 64,348 85,972
TRANSUNION (TRU) 233,934 233,270
ULTA BEAUTY INC (ULTA) 76,379 86,238
UNITEDHEALTH GROUP INC (UNH) 210,441 373,267
US FOODS HOLDING CORP (USFD) 60,458 99,175
VISA INC (V) 304,765 525,125
VULCAN MATERIALS (VMC) 107,351 138,476
WALMART INC (WMT) 115,846 195,801
WEX INC (WEX) 50,244 68,481
WILLSCOT MOBILE MINI HOLDI (WSC) 98,525 92,782
LIVE NATION ENTERTMNT INC 38,151 46,332
SHERWIN-WILLIAMS CO 137,354 184,021

TY 2023 InvestmentsGovtObligationsSch
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
US Government Securities - End of Year Book Value:

7,244,393
US Government Securities - End of Year Fair Market Value:

7,330,587
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 InvestmentsOtherSchedule2
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FIFTH AVENUE PRIVATE EQUITY 16 LLC AT COST 832,296 948,603

TY 2023 OtherDecreasesSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Description Amount
WASH SALE LOSSES 19,843
CARRYOVER OF 2022 ACCRUED INTEREST PAID 4,168
O/S CHECKS FROM 2022 CLEARED IN 2023 452,500
OTHER ADJUSTMENTS 40,563


TY 2023 OtherExpensesSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES 31 31   0
FROM K1 -FIFTH AVENUE PRIVATE EQUITY 16 LLC - INVESTMENT INTEREST EXPENSE 6,664 5,362   0
FROM K1 -FIFTH AVENUE PRIVATE EQUITY 16 LLC - OTHER DEDUCTIONS 49,182 49,182   0


TY 2023 OtherIncomeSchedule2
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FIFTH AVENUE PRIVATE EQUITY 16 LLC -18,338 -5,170 -18,338
FIFTH AVENUE PRIVATE EQUITY 16 LLC 5 5 5
FIFTH AVENUE PRIVATE EQUITY 16 LLC 10 10 10


TY 2023 OtherIncreasesSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Description Amount
NONDEDUCTIBLE ACCRUED INTEREST PAID 14,977
O/S CHECKS FROM 2023 CLEARED IN 2024 390,000


TY 2023 OtherProfessionalFeesSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES - BESSEMER 119,648 119,648   0


TY 2023 TaxesSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 1,411 1,411   0
EXCISE TAX PAID 97,000 0   0