Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 07-01-2023 , and ending 06-30-2024
Name of foundation
HILL CREST FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 530507
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MOUNTAIN BROOK, AL35253
A Employer identification number

63-0516927
B Telephone number (see instructions)

(205) 870-0400
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$65,598,911J Accounting method:
SEE STATEMENT
(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... 1,736,629 1,736,629  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,880,990
b Gross sales price for all assets on line 6a 2,586,458
7 Capital gain net income (from Part IV, line 2)... 1,880,990
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
36 36  
12 Total. Add lines 1 through 11........ 3,617,655 3,617,655  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000 30,000   30,000
14 Other employee salaries and wages...... 68,411 34,205   34,206
15 Pension plans, employee benefits....... 9,543 4,771   4,772
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,465 7,232   7,233
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
284,522 284,522   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
26,026 26,026   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,946 973   973
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
29,156 22,077   7,079
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 494,069 409,806   84,263
25 Contributions, gifts, grants paid....... 3,074,450 3,074,450
26 Total expenses and disbursements. Add lines 24 and 25 3,568,519 409,806   3,158,713
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 49,136
b Net investment income (if negative, enter -0-) 3,207,849
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 204,552 242,698 242,698
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) 129,995 Click to see attachment
List of Attached Documents:
// Content
846,453 		846,453
b Investments—corporate stock (attach schedule)....... 64,554,347 Click to see attachment
List of Attached Documents:
// Content
64,509,760 		64,509,760
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 64,888,894 65,598,911 65,598,911
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........... 64,888,894 65,598,911
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........    
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)..... 64,888,894 65,598,911
30 Total liabilities and net assets/fund balances (see instructions). 64,888,894 65,598,911
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
64,888,894
2
Enter amount from Part I, line 27a .....................
2
49,136
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
660,881
4
Add lines 1, 2, and 3 ..........................
4
65,598,911
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
65,598,911
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 DEERE & CO COM P   2023-09-22
b PARAMOUNT GLOBAL P   2023-09-22
c BANK NEW YORK MELLON CORP COM P   2023-10-30
d DUKE ENERGY CORP NEW COM P   2024-04-24
e SOUTHERN COMPANY P   2024-04-24
(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 1,011,923   11,725 1,000,198
b 532,996   284,884 248,112
c 2     2
d 535,677   355,258 180,419
e 505,860   53,601 452,259
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       1,000,198
b       248,112
c       2
d       180,419
e       452,259
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 1,880,990
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 44,589
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 44,589
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 44,589
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 29,471
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,471
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 2,282
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 17,400
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
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 arrowAL
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 arrowCHARLES TERRY JR Telephone no.right arrow (205) 870-0400

Located atright arrowPO BOX 530507MOUNTAIN BROOKAL ZIP+4right arrow35253
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)
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)
 
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
 
No
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
CHARLES R TERRY JR TRUSTEE/CHAIRMAN
20.00 		60,000 0 0
PO BOX 530507
BIRMINGHAM,AL35253
DOUGLAS D EDDLEMAN TRUSTEE
1.00 		0 0 0
2700 HIGHWAY 280 SUITE 425
BIRMINGHAM,AL35223
MARVIN B CLEAGE TRUSTEE
1.00 		0 0 0
PO BOX 131396
BIRMINGHAM,AL35213
ELIZABETH H BAKER TRUSTEE
1.00 		0 0 0
3005 CANTERBURY LANE
BIRMINGHAM,AL35223
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
BIRMINGHAM CAPITAL MANAGEMENT COMPANY INC INVESTMENT SERVICES 284,522
2 PERIMETER PARK SOUTH
BIRMINGHAM,AL35243
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 HILL CREST FOUNDATION DOES NOT ACTIVELY CONDUCT ITS OWN CHARITABLE ACTIVITIES. ITS SOLE FUNCTION IS TO PROVIDE GRANTS TO OTHER CHARITABLE ORGANIZATIONS. 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
65,179,735
b
Average of monthly cash balances.......................
1b
301,621
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
65,481,356
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
65,481,356
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
982,220
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
64,499,136
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,224,957
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
3,224,957
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
44,589
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
44,589
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,180,368
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,180,368
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
3,180,368
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
3,158,713
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
3,158,713
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 3,180,368
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 3,049,911
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$ 3,158,713
a Applied to 2022, but not more than line 2a 3,049,911
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..... 108,802
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 .......... 		3,071,566
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).)
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 e-mail address of the person to whom applications should be addressed:
CHARLES R TERRY JR
PO BOX 530507
MOUNTAIN BROOK,AL35253
(205) 870-0400
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS SHOULD BE IN WRITTEN FORM AND INCLUDE INFORMATION REGARDING THE PURPOSE OF THE APPLICATION AND THE ENTITY MAKING THE APPLICATION.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ALL GRANTS ARE MADE ONLY TO TAX-EXEMPT ORGANIZATIONS. MOST BENEFICIARIES HAVE PROGRAMS WITHIN THE STATE OF ALABAMA.
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

ALABAMA BALLET

2726 1ST AVENUE SOUTH
BIRMINGHAM,AL35233 		NONE PC SUPPORT 20,000

ALABAMA CHILDHOOD FOOD SOLUTIONS

114 CANYON RIDGE RD
SYLACAUGA,AL35151 		NONE PC SUPPORT 10,000

ALABAMA COUNCIL ON ECONOMIC EDUCATION

800 LAKESHORE DR 409
BIRMINGHAM,AL35229 		NONE PC SUPPORT 10,000

ALABAMA GIVING

PO BOX 530727
BIRMINGHAM,AL352530727 		NONE PC SUPPORT 800

ALABAMA INSTITUTE FOR DEAF AND BLIND FOUNDATION

PO BOX 698
TALLADEGA,AL35161 		NONE PC SUPPORT 25,000

ALABAMA KIDNEY FOUNDATION

265 RIVERCHASE PKWY EAST STE 106
BIRMINGHAM,AL35244 		NONE PC SUPPORT 40,000

ALABAMA SHAKESPEARE FESTIVAL

1 FESTIVAL DRIVE
MONTGOMERY,AL36117 		NONE PC SUPPORT 25,000

ALBERT SCHWEITZER FELLOWSHIP OF ALABAMA

PO BOX 660412
BIRMINGHAM,AL35266 		NONE PC SUPPORT 20,000

ALZHEIMER'S OF CENTRAL ALABAMA

PO BOX 2273
BIRMINGHAM,AL35201 		NONE PC SUPPORT 10,000

AMERICAN CANCER SOCIETY

250 WILLIAMS ST NW
ATLANTA,GA30303 		NONE PC SUPPORT 50,000

ATEAM MINISTRIES

1809 OXMOOR ROAD
HOMEWOOD,AL35209 		NONE PC SUPPORT 5,000

AUBURN UNIVERSITY

317 SOUTH COLLEGE STREET
AUBURN,AL36849 		NONE PC SUPPORT 120,000

BANKS ACADEMY

700 HUFFMAN ROAD
BIRMINGHAM,AL35215 		NONE PC SUPPORT 25,000

BELL CENTER FOR EARLY INTERVENTION PROGRAMS

1700 29TH COURT SOUTH
BIRMINGHAM,AL35209 		NONE PC SUPPORT 50,000

BETTER BASICS

1231 2ND AVENUE SOUTH
BIRMINGHAM,AL35233 		NONE PC SUPPORT 20,000

BIG OAK RANCH

250 JAKE MINTZ ROAD
GADSDEN,AL35905 		NONE PC SUPPORT 300,000

BIRMINGHAM BOTANICAL GARDENS

2612 LANE PARK RD
BIRMINGHAM,AL35223 		NONE PC SUPPORT 15,000

BIRMINGHAM HOLOCAUST EDUCATION CENTER

2100 HIGHLAND AVE SOUTH
BIRMINGHAM,AL35205 		NONE PC SUPPORT 30,000

BIRMINGHAM METRO BAPTIST ASSOCIATION

1449 MEDICAL PARK DR
BIRMINGHAM,AL35213 		NONE PC SUPPORT 10,000

BLACK WARRIOR BOY SCOUTS OF AMERICA

2700 JACK WARNER PKWY
TUSCALOOSA,AL35404 		NONE PC SUPPORT 5,000

BREAST CANCER RESEARCH FOUNDATION

1802 6TH AVENUE SOUTH SUITE NP 2519
BIRMINGHAM,AL352940112 		NONE PC SUPPORT 15,000

BRIDGES FOUNDATION

1600 7TH AVE S
BIRMINGHAM,AL35233 		NONE PC SUPPORT 25,000

CAHABA RIVER SOCIETY

2717 7TH AVE STE 205
BIRMINGHAM,AL35233 		NONE PC SUPPORT 7,500

CAMP SMILE-A-MILE

1600 2ND AVENUE SOUTH
BIRMINGHAM,AL35233 		NONE PC SUPPORT 20,400

CENTER FOR EXECUTIVE LEADERSHIP

200 UNION HILL DR STE 200
BIRMINGHAM,AL35209 		NONE PC SUPPORT 40,000

CHRISTIAN SERVICE MISSION

3600 3RD AVENUE SOUTH
BIRMINGHAM,AL35222 		NONE PC SUPPORT 30,000

COLLAT JEWISH FAMILY SERVICES

3940 MONTCLAIR ROAD SUITE 205
BIRMINGHAM,AL35213 		NONE PC SUPPORT 20,000

COLLEGE CHOICE FOUNDATION

1919 OXMOOR ROAD 324
HOMEWOOD,AL35209 		NONE PC SUPPORT 10,000

COMMUNITY FOOD BANK OF CENTRAL ALABAMA

107 WALTER DAVIS DRIVE
BIRMINGHAM,AL35209 		NONE PC SUPPORT 200,000

CROHNS AND COLITIS FOUNDATION OF AMERICA

PO BOX 59486
BIRMINGHAM,AL35259 		NONE PC SUPPORT 15,000

CROOM FOUNDATION

5014 15TH PL E
TUSCALOOSA,AL35404 		NONE PC SUPPORT 5,000

DONATE LIFE ALABAMA

502 20TH STREET SOUTH
BIRMINGHAM,AL35233 		NONE PC SUPPORT 10,000

EAST LAKE INITIATIVE

6523 1ST AVE NORTH
BIRMINGHAM,AL35206 		NONE PC SUPPORT 15,000

FAMILY COUNSELING SERVICE OF WEST AL

2020 PAUL W BRYANT DRIVE
TUSCALOOSA,AL35401 		NONE PC SUPPORT 20,000

FOUNDATIONS EARLY LEARNING CENTER

7000 GRASSELLI RD
FAIRFIELD,AL35064 		NONE PC SUPPORT 20,000

FOUNDRY MINISTRIES

PO BOX 824
BESSEMER,AL35021 		NONE PC SUPPORT 50,000

FRIENDS OF JEMISON PARK

PO BOX 530813
BIRMINGHAM,AL35253 		NONE PC SUPPORT 50,000

FULL LIFE AHEAD FOUNDATION

2908 CLAIRMONT AVE
BIRMINGHAM,AL35205 		NONE PC SUPPORT 35,000

GIRLS INC OF CENTRAL ALABAMA

5201 8TH AVE SOUTH
BIRMINGHAM,AL35212 		NONE PC SUPPORT 15,000

GIRLSPRING

PO BOX 530284
BIRMINGHAM,AL35253 		NONE PC SUPPORT 10,000

GRACE HOUSE MINISTRIES

PO BOX 547
FAIRFIELD,AL35064 		NONE PC SUPPORT 60,000

GREATER BIRMINGHAM AMBUCS

1929 CANYON ROAD
VESTAVIA,AL35216 		NONE PC SUPPORT 10,000

GREATER BIRMINGHAM HABITAT FOR HUMANITY

4408 LLOYD NOLAND PARKWAY
FAIRFIELD,AL35064 		NONE PC SUPPORT 50,000

GROWING KINGS INC

PO BOX 291
BIRMINGHAM,AL35201 		NONE PC SUPPORT 10,000

HOPE INSPIRED MINISTRIES

900 38TH ST N
BIRMINGHAM,AL35222 		NONE PC SUPPORT 10,000

JEFFERSON STATE COMMUNITY COLLEGE

4600 VALLEYDALE RD
BIRMINGHAM,AL35242 		NONE PC SUPPORT 50,000

JONES VALLEY TEACHING FARM

701 25TH ST N
BIRMINGHAM,AL35203 		NONE PC SUPPORT 30,000

JOSEPH BRUNO MONTESSORI ACADEMY

5509 TIMBER HILL RD
BIRMINGHAM,AL35242 		NONE PC SUPPORT 20,000

JUNIOR ACHIEVEMENT OF ALABAMA

PO BOX 19307
BIRMINGHAM,AL35219 		NONE PC SUPPORT 18,750

JUNIOR LEAGUE OF BIRMINGHAM

2212 20TH AVE S
BIRMINGHAM,AL35223 		NONE PC SUPPORT 15,000

KIDS PLAY ALABAMA

PO BOX 660076
VESTAVIA,AL35266 		NONE PC SUPPORT 8,000

KING'S HOME

PO BOX 162
CHELSEA,AL35043 		NONE PC SUPPORT 25,000

KRULAK MARINE ALLIANCE OF ALABAMA

1561 MONTGOMERY HWY
HOOVER,AL35216 		NONE PC SUPPORT 2,500

LEADERSHIP BIRMINGHAM

600 18TH ST N
BIRMINGHAM,AL35203 		NONE PC SUPPORT 5,000

LIBERTY LEARNING FOUNDATION

3414 GOVERNORS DR SW SUITE 215
HUNTSVILLE,AL35805 		NONE PC SUPPORT 5,000

LIFELINE CHILDREN'S SERVICES

200 MISSIONARY RIDGE
BIRMINGHAM,AL35242 		NONE PC SUPPORT 25,000

MAGIC CITY HARVEST

105 VULCAN RD STE 306
BIRMINGHAM,AL35209 		NONE PC SUPPORT 5,000

MAGIC MOMENTS

2112 11TH AVENUE SOUTH STE 219
BIRMINGHAM,AL35205 		NONE PC SUPPORT 22,000

MAIN STREET ALABAMA

880 MONTCLAIR RD 245
BIRMINGHAM,AL35213 		NONE PC SUPPORT 10,000

MAKE-A-WISH FOUNDATION OF ALABAMA

1 PERIMETER PARK SOUTH SUITE 1005
BIRMINGHAM,AL35243 		NONE PC SUPPORT 20,000

MASON MUSIC FOUNDATION

3187 CAHABA HEIGHTS RD
BIRMINGHAM,AL35243 		NONE PC SUPPORT 10,000

MCWANE SCIENCE CENTER

200 19TH STREET NORTH
BIRMINGHAM,AL35022 		NONE PC SUPPORT 25,000

MEALS ON WHEELS OF CENTRAL AL

PO BOX 320189
BIRMINGHAM,AL35223 		NONE PC SUPPORT 20,000

MERCY DELIVERANCE MINISTRIES

732 MONTGOMERY HWY STE 237
VESTAVIA,AL35216 		NONE PC SUPPORT 5,000

MITCHELL'S PLACE

4778 OVERTON RD
BIRMINGHAM,AL35210 		NONE PC SUPPORT 40,000

M-POWER MINISTRIES

4022 4TH AVE S
BIRMINGHAM,AL35210 		NONE PC SUPPORT 50,000

NORMA LIVINGSTON CANCER FOUNDATION

PO BOX 43826
BIRMINGHAM,AL35243 		NONE PC SUPPORT 10,000

OAK MOUNTAIN MISSION MINISTRIES

2699 PELHAM PKWY
PELHAM,AL35124 		NONE PC SUPPORT 20,000

OASIS COUNSELING FOR WOMEN AND CHILDREN

1900 14TH AVENUE SOUTH
BIRMINGHAM,AL35205 		NONE PC SUPPORT 75,000

OUR HOME

2710 18TH STREET SOUTH
BIRMINGHAM,AL35209 		NONE PC SUPPORT 25,000

OZANAM CHARITABLE PHARMACY

109 SOUTH CEDAR STREET
MOBILE,AL36602 		NONE PC SUPPORT 16,000

PARKINSON ASSOCIATION OF ALABAMA INC

PO BOX 590146
BIRMINGHAM,AL35259 		NONE PC SUPPORT 5,000

PASTORAL COUNSELING AND TRAINING CENTER INC

400 OFFICE PARK DRIVE SUITE 130
BIRMINGHAM,AL35223 		NONE PC SUPPORT 50,000

PATHWAYS INC

409 RICHARD ARRINGTON JR BLVD N
BIRMINGHAM,AL35203 		NONE PC SUPPORT 15,000

PRESCHOOL PARTNERS

4447 MONTEVALLO ROAD
BIRMINGHAM,AL35213 		NONE PC SUPPORT 15,000

RAILROAD PARK FOUNDATION

1600 1ST AVE S
BIRMINGHAM,AL35233 		NONE PC SUPPORT 30,000

RED BARN

2722 BAILEY ROAD
LEEDS,AL35094 		NONE PC SUPPORT 50,000

RED MOUNTAIN THEATRE COMPANY

1600 3RD AVE S
BIRMINGHAM,AL35233 		NONE PC SUPPORT 15,000

RENEW BIRMINGHAM

200 UNION HILL DR STE 200
BIRMINGHAM,AL35209 		NONE PC SUPPORT 50,000

SAMFORDCOLLEGE OF HEALTH SCIENCES

800 LAKESHORE DR
BIRMINGHAM,AL35229 		NONE PC SUPPORT 50,000

SIGHT SAVERS AMERICA

337 BUSINESS CIRCLE
PELHAM,AL35124 		NONE PC SUPPORT 25,000

SOCIETY OF ST ANDREW

412 CUMBERLAND DRIVE
BIRMINGHAM,AL35206 		NONE PC SUPPORT 6,000

SOUTH HIGHLAND OUTREACH PROJECT(SOUTH HIGHLAND PRESBYTERIAN CHURCH)

2035 HIGHLAND AVE
BIRMINGHAM,AL35205 		NONE PC SUPPORT 7,500

SOZO CHILDREN

4 41ST STREET S
BIRMINGHAM,AL35222 		NONE PC SUPPORT 10,000

ST CLAIR COMMUNITY HEALTH CLINIC

205 EDWIN HOLLADAY PLACE
PELL CITY,AL35125 		NONE PC SUPPORT 20,000

ST MICHAEL'S MEDICAL CLINIC

1005 W 18TH ST
ANNISTON,AL36201 		NONE PC SUPPORT 40,000

STAIR OF BIRMINGHAM

3703 5TH AVENUE SOUTH SUITE 400
BIRMINGHAM,AL35222 		NONE PC SUPPORT 20,000

STEPS MINISTRY

1401 CHARLSETON COURT
BIRMINGHAM,AL35216 		NONE PC SUPPORT 20,000

STUDIO BY THE TRACKS

301 20TH STREET SOUTH
IRONDALE,AL35210 		NONE PC SUPPORT 10,000

THE EXCEPTIONAL FOUNDATION

1616 OXMOOR ROAD
BIRMINGHAM,AL35209 		NONE PC SUPPORT 50,000

THE LOVELADY CENTER

7916 2ND AVENUE SOUTH
BIRMINGHAM,AL35206 		NONE PC SUPPORT 50,000

TRINITY COUNSELING INC

1025 MONTGOMERY HWY
BIRMINGHAM,AL35216 		NONE PC SUPPORT 30,000

TRIUMPH SERVICES

2301 ARLINGTON AVE S STE 200
BIRMINGHAM,AL35205 		NONE PC SUPPORT 20,000

TROY UNIVERSITY

301 ADAMS ADMINISTRATION BUILDING
TROY,AL36082 		NONE PC SUPPORT 25,000

UNITED ABILITY

100 OSLO CIRCLE
BIRMINGHAM,AL35211 		NONE PC SUPPORT 75,000

UNIVERSITY OF ALABAMA

PO BOX 870101
TUSCALOOSA,AL35487 		NONE PC SUPPORT 100,000

UNIVERSITY OF ALABAMA AT BIRMINGHAM SCHOOL OF NURSING

AB 1230 1720 2ND AVENUE SOUTH
BIRMINGHAM,AL352940112 		NONE PC SUPPORT 50,000

UNIVERSITY OF ALABAMA HUNTSVILLE

301 SPARKMAN DR
HUNTSVILLE,AL35899 		NONE PC SUPPORT 50,000

UNIVERSITY OF SOUTH ALABAMA

650 CLINIC DR TRP III STE 1500
MOBILE,AL36688 		NONE PC SUPPORT 20,000

UROLOGY HEALTH FOUNDATION

3485 INDEPENDENCE DR
HOMEWOOD,AL35209 		NONE PC SUPPORT 20,000

VAX 2 STOP CANCER

PO BOX 530044
BIRMINGHAM,AL35253 		NONE PC SUPPORT 5,000

VULCAN PARK AND MUSEUM

1701 VALLEYVIEW DRIVE
BIRMINGHAM,AL35209 		NONE PC SUPPORT 15,000

YOUTHSERVE INC

PO BOX 530334
BIRMINGHAM,AL35253 		NONE PC SUPPORT 25,000
Total .................................right arrow 3a 3,074,450
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 1,736,629  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,880,990  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISCELLANEOUS INCOME 		    14 36  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 3,617,655 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,617,655
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
HILL CREST FOUNDATION INC
EIN:
63-0516927
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING & TAX FEES 14,465 7,232   7,233

TY 2023 InvestmentsCorpStockSchedule
Name:
HILL CREST FOUNDATION INC
EIN:
63-0516927
Name of Stock End of Year Book Value End of Year Fair Market Value
CONSUMER DISCRETIONARY 5,096,800 5,096,800
CONSUMER STAPLES 6,664,700 6,664,700
ENERGY 6,352,660 6,352,660
FINANCIAL 4,789,800 4,789,800
HEALTH CARE 6,446,865 6,446,865
INDUSTRIAL 30,299,958 30,299,958
INFORMATION TECHNOLOGY 2,534,720 2,534,720
UTILITIES 2,324,257 2,324,257

TY 2023 InvestmentsGovtObligationsSch
Name:
HILL CREST FOUNDATION INC
EIN:
63-0516927
US Government Securities - End of Year Book Value:

846,453
US Government Securities - End of Year Fair Market Value:

846,453
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 OtherExpensesSchedule
Name:
HILL CREST FOUNDATION INC
EIN:
63-0516927
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 8,811 4,405   4,406
TRUST FEES 15,000 15,000   0
OFFICE EXPENSES 5,345 2,672   2,673


TY 2023 OtherIncomeSchedule2
Name:
HILL CREST FOUNDATION INC
EIN:
63-0516927
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS INCOME 36 36 36


TY 2023 OtherIncreasesSchedule
Name:
HILL CREST FOUNDATION INC
EIN:
63-0516927
Description Amount
UNREALIZED APPRECIATION (DEPRECIATION) IN ASSETS 660,881


TY 2023 OtherProfessionalFeesSchedule
Name:
HILL CREST FOUNDATION INC
EIN:
63-0516927
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 284,522 284,522   0


TY 2023 TaxesSchedule
Name:
HILL CREST FOUNDATION INC
EIN:
63-0516927
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL INVESTMENT EXCISE TAX 26,026 26,026   0