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
THE VALENTINE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2618 KIRSTEN LEE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WESTLAKE VILLAGE, CA91361
A Employer identification number

90-0527475
B Telephone number (see instructions)

(805) 258-1778
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$8,290,125J 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... 290,615 291,296  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 118,112
b Gross sales price for all assets on line 6a 4,336,171
7 Capital gain net income (from Part IV, line 2)... 118,631
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
825 825  
12 Total. Add lines 1 through 11........ 409,552 410,752  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 110,000 0   110,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
6,308 3,154   3,154
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,674 4,337   4,337
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
79,942 79,962   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,328 3,228   100
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 11,868 0   11,868
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,610 294   21,316
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 241,730 90,975   150,775
25 Contributions, gifts, grants paid....... 850,000 850,000
26 Total expenses and disbursements. Add lines 24 and 25 1,091,730 90,975   1,000,775
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -682,178
b Net investment income (if negative, enter -0-) 319,777
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............. 153,546 164,117 164,206
2 Savings and temporary cash investments.........      
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) 759,960 Click to see attachment
List of Attached Documents:
// Content
700,691 		653,513
b Investments—corporate stock (attach schedule)....... 7,096,996 Click to see attachment
List of Attached Documents:
// Content
6,482,322 		7,086,715
c Investments—corporate bonds (attach schedule)....... 436,876 Click to see attachment
List of Attached Documents:
// Content
416,549 		385,691
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) 8,447,378 7,763,679 8,290,125
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 8,447,378 7,763,679
29 Total net assets or fund balances (see instructions)..... 8,447,378 7,763,679
30 Total liabilities and net assets/fund balances (see instructions). 8,447,378 7,763,679
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
8,447,378
2
Enter amount from Part I, line 27a .....................
2
-682,178
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,765,200
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,521
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,763,679
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 PUBLICILY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,336,045   4,217,540 118,505
b 126     126
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       118,505
b       126
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 118,631
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 4,445
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 4,445
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 4,445
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 7,370
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,370
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 12,925
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow12,925 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 arrowCA, NV
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 arrowTHE VALENTINE FOUNDATION Telephone no.right arrow (805) 258-1778

Located atright arrow2618 KIRSTEN LEE DRIVEWESTLAKE VILLAGECA ZIP+4right arrow91361
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
MALCOM G MEADOR PRESIDENT/DIRECTOR
3.00 		30,000 0 0
2618 KIRSTEN LEE DRIVE
WESTLAKE,CA91361
FRANK PERNA TREASURER/DIRECTOR
1.00 		20,000 0 0
2618 KIRSTEN LEE DRIVE
WESTLAKE,CA91361
PHILIP PANITZ SECRETARY/DIRECTOR
1.00 		20,000 0 0
2618 KIRSTEN LEE DRIVE
WESTLAKE,CA91361
FRANCIS DAWSON DIRECTOR
1.00 		20,000 0 0
2618 KIRSTEN LEE DRIVE
WESTLAKE,CA91361
CLINT HOWARD DIRECTOR
1.00 		20,000 0 0
2618 KIRSTEN LEE DRIVE
WESTLAKE,CA91361
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
MORGAN STANLEY INVESTMENT MANAGEMENT 79,942
58 SOUTH SERVICE RD STE 400
MELVILLE,NY11747
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
7,982,816
b
Average of monthly cash balances.......................
1b
198,811
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
8,181,627
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
8,181,627
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
122,724
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,058,903
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
402,945
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
402,945
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
4,445
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,445
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
398,500
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
398,500
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
398,500
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,000,775
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,000,775
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 7 398,500
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 152,284
b From 2019...... 621,312
c From 2020...... 312,960
d From 2021...... 643,516
e From 2022...... 758,382
f Total of lines 3a through e ........ 2,488,454
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,000,775
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 398,500
e Remaining amount distributed out of corpus 602,275
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 3,090,729
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		152,284
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		2,938,445
10 Analysis of line 9:
a Excess from 2019.... 621,312
b Excess from 2020.... 312,960
c Excess from 2021.... 643,516
d Excess from 2022.... 758,382
e Excess from 2023.... 602,275
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

UNIVERSITY OF MIAMI

PO BOX 248106
CORAL GABLES,FL33124 		  PC GENERAL OPERATING SUPPORT 150,000

AREA CHRISTIANS TAKING INTITIATIVE ON NEEDS

4001 MISSION OAKS BLVD STE S
CAMARILLO,CA93012 		  PC GENERAL SUPPORT 50,000

YOUNG MENS CHRISTIAN ASSOCIATION OF SOUTHEAST VENT

100 E THOUSAND OAKS BLVD STE 1
THOUSAND OAKS,CA91360 		  PC GENERAL OPERATING SUPPORT 300,000

KETTERING UNIVERSITY

1700 UNIVERSITY AVE
FLINT,MI48504 		  PC GENERAL OPERATING SUPPORT 200,000

WILDLIFE CONSERVATION SOCIETY

2300 SOUTHERN BLVD
BRONX,NY10460 		  PC GENERAL OPERATING SUPPORT 150,000
Total .................................right arrow 3a 850,000
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 ....     14 290,615  
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 ............ 		    18 118,112  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    18 825  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 409,552 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
409,552
(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:
THE VALENTINE FOUNDATION
EIN:
90-0527475
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 8,674 4,337   4,337

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE VALENTINE FOUNDATION
EIN:
90-0527475
Name of Bond End of Year Book Value End of Year Fair Market Value
SHELL INTERNATIONAL FINANCE BV 32,271 30,836
VERIZON COMMUNICATIONS INC 33,712 30,549
CVS HEALTH CORP 33,503 30,506
WELLS FARGO & CO 33,598 31,473
CITIGROUP INC 33,398 31,502
COMCAST CORP 32,554 30,597
JPMORGAN CHASE & CO 43,214 40,825
GOLDMAN SACHS GROUP INC 39,091 33,859
BANK OF AMERICA CORP 34,885 30,220
AMAZON.COM INC 35,488 31,025
AT&T INC 32,066 31,042
ENTERPRISE PRODUCTS OPERATING LLC 32,769 33,257

TY 2023 InvestmentsCorpStockSchedule
Name:
THE VALENTINE FOUNDATION
EIN:
90-0527475
Name of Stock End of Year Book Value End of Year Fair Market Value
ACCRUED INTEREST 3,310 3,685
ABB LTD ADR (ABBNY) 2,106 5,584
ABBOTT LABORATORIES (ABT) 5,088 6,164
ABBVIE INC COM (ABBV) 2,455 2,473
ABM INDUSTRIES INCORPORATED (ABM) 956 1,211
ACCENTURE PLC IRELAND CL A (ACN) 1,566 4,747
ADOBE INC (ADBE) 6,523 32,806
ADVANCE AUTO PARTS (AAP) 1,964 1,014
ADVANCED MICRO DEVICES (AMD) 3,124 6,346
ADVANTEST CORP NEW (ATEYY) 2,878 3,282
ADYEN N V UNSPONSRED ADR (ADYEY) 2,884 4,510
AIA GROUP LTD SPON ADR (AAGIY) 9,643 13,700
AIR LEASE CORP CL A (AL) 1,800 1,845
AIR LIQUIDE ADR (AIQUY) 5,486 11,089
AIR PROD & CHEM INC (APD) 5,489 4,919
AIRBUS SE UNSPONSORED ADR (EADSY) 4,645 6,524
AKZO NOBEL NV ADR (AKZOY) 6,449 5,124
ALCON INC (ALC) 7,519 11,484
ALFA LAVAL AB-UNSPONS ADR (ALFVY) 2,282 5,124
ALLIANZ SE ADR (ALIZY) 8,913 14,219
ALLISON TRANSMN HLDGS INC (ALSN) 1,080 1,734
ALLSTATE CORP (ALL) 1,331 2,358
ALLY FINANCIAL INC (ALLY) 1,409 2,898
ALPHABET INC CL A (GOOGL) 4,922 16,344
ALPHABET INC CL C (GOOG) 6,957 23,817
ALTICE USA INC CL A (ATUS) 4,200 982
ALTRIA GROUP INC (MO) 4,901 4,760
AMAZON COM INC (AMZN) 18,372 33,883
AMBEV S A SPONSORED ADR (ABEV) 5,042 4,091
AMERICAN EXPRESS CO (AXP) 2,459 2,550
AMERIPRISE FINCL INC (AMP) 3,019 10,635
AMGEN INC (AMGN) 5,253 8,691
AMPHENOL CORP NEW CL A (APH) 3,990 10,805
ANSYS INC (ANSS) 3,403 10,161
AON PLC CL A (AON) 2,738 6,822
APPLE INC (AAPL) 5,148 34,078
ARCH CAPITAL GROUP LTD (ACGL) 944 2,674
ASICS CORP ADR (ASCCY) 2,344 4,105
ASM INTERNATIONAL NV (ASMIY) 4,369 6,424
ASML HOLDING NV NY REG NEW (ASML) 2,817 3,634
ASSA ABLOY AB UNSP ADR (ASAZY) 2,953 3,874
ATLAS COPCO AS A ADR A NEW (ATLKY) 2,259 6,768
ATMOS ENERGY CP (ATO) 7,662 8,113
AUTODESK INC DELAWARE (ADSK) 6,272 8,278
AVERY DENNISON CORPORATION (AVY) 3,728 4,245
BALL CORP (BALL) 8,518 9,088
BANCO BILBAO VIZ ARG SA ADS (BBVA) 5,484 7,580
BANDAI NAMCO HLDGS INC ADR (NCBDY) 3,901 3,038
BANK OZK (OZK) 1,426 2,691
BCE INC (BCE) 7,947 7,128
BECTON DICKINSON & CO (BDX) 8,418 11,132
BHP GROUP LIMITED ADR (BHP) 6,515 10,110
BIO RAD LAB A (BIO) 5,359 4,683
BIOMARIN PHARMAC SE (BMRN) 6,652 6,797
BIONTECH SE ADR (BNTX) 4,193 4,426
BJS WHSL CLUB HLDGS INC (BJ) 4,266 3,800
BLACKROCK INC (BLK) 1,805 2,098
BLACKSTONE INC (BX) 7,403 8,000
BOOKING HOLDINGS INC (BKNG) 5,252 6,183
BOOZ ALLEN HAMILTON HLDG CL-A (BAH) 4,596 7,675
BP PLC ADS (BP) 6,377 8,354
BROADCOM INC (AVGO) 3,323 7,305
BROADRIDGE FIN SOLU.LLC (BR) 955 2,675
BROOKFIELD INFRASTURE SB VTG A (BIPC) 2,255 2,016
BROWN & BROWN INC (BRO) 3,113 3,129
BRUKER CORPORATION (BRKR) 4,352 3,968
BRUNSWICK CORP (BC) 1,273 2,129
BUILDERS FIRSTSOURCE INC (BLDR) 723 2,003
BUREAU VERITAS SA ADR (BVVBY) 6,592 5,507
BWX TECHNOLOGIES INC COM (BWXT) 1,499 1,918
CABLE ONE INC COM (CABO) 3,589 1,113
CANADIAN NATL RAILWAY CO (CNI) 2,342 4,146
CAPGEMINI S E UNSPONSORED ADR (CGEMY) 4,069 4,629
CAPITAL ONE FINANCIAL CORP (COF) 3,770 9,047
CARLISLE CO INC (CSL) 1,287 2,499
CARLSBERG AS (CABGY) 2,419 3,438
CASEY'S GENERAL STORES INC (CASY) 975 2,473
CATALENT INC (CTLT) 570 584
CATERPILLAR INC (CAT) 1,764 2,075
CDW CORPORATION (CDW) 2,217 7,389
CENCORA INC (COR) 1,048 2,993
CENTENE CORPORATION (CNC) 2,609 3,318
CENTERPOINT ENERGY INC (CNP) 1,995 2,943
CHAMPIONX CORPORATION (CHX) 3,998 3,622
CHARLES RIVER LABS INTL INC (CRL) 2,256 4,255
CHARLES SCHWAB NEW (SCHW) 7,627 14,242
CHEMED CORPORATION (CHE) 1,875 2,339
CHESAPEAKE ENERGY CORP (CHK) 1,636 1,847
CHESAPEAKE UTILITIES (CPK) 1,260 1,162
CHEVRON CORP (CVX) 4,490 6,563
CHORD ENERGY CORPORATION NEW (CHRD) 808 1,751
CHUBB LTD (CB) 4,312 4,420
CHUGAI PHARMACEUTIC UNSP ADR (CHGCY) 7,387 11,462
CHURCH & DWIGHT CO INC (CHD) 7,151 13,900
CHURCHILL DOWNS INC (CHDN) 1,703 2,429
CINTAS CORP (CTAS) 1,428 7,246
CISCO SYS INC (CSCO) 7,491 8,437
CITIZENS FINANCIAL GROUP INC (CFG) 6,600 5,170
CIVITAS RESOURCES INC NEW (CIVI) 1,748 1,846
CLARIVATE PLC (CLVT) 2,856 3,176
CNH INDL N V SHS (CNHI) 966 918
COCA COLA CO (KO) 10,751 15,381
COCA-COLA EUROPACIFIC PARTNERS (CCEP) 4,252 4,995
COGENT COMM GROUP (CCOI) 1,776 2,282
COGNEX CORP (CGNX) 1,809 1,586
COHEN & STEERS INC (CNS) 2,167 2,348
COLGATE PALMOLIVE CO (CL) 10,327 10,920
COMCAST CORP (NEW) CLASS A (CMCSA) 4,749 5,920
COMMERCE BANCSHARES (CBSH) 3,774 4,273
COMPAGNIE FIN RICHEMONTAG ADR (CFRUY) 4,218 4,676
COMPASS GROUP PLC SPD ADR (CMPGY) 5,591 7,386
CONCENTRIX CORP (CNXC) 1,156 1,305
CONSTELLATION BRANDS INC CL A (STZ) 12,668 16,177
CONTL AG SPONS ADR (CTTAY) 5,205 5,056
COPART INC (CPRT) 1,692 7,870
CORTEVA INC (CTVA) 4,947 9,824
COSTCO WHOLESALE CORP NEW (COST) 4,060 10,379
COTERRA ENERGY INC (CTRA) 4,547 7,554
COVESTRO AG SPONSORED ADR (COVTY) 3,007 3,754
CRANE COMPANY (CR) 4,139 5,425
CREDICORP LTD (BAP) 2,943 2,999
CROWN CASTLE INC (CCI) 11,115 7,718
CUBESMART COM (CUBE) 1,773 1,854
CULLEN FROST BANKERS INC (CFR) 4,311 5,641
CVS HEALTH CORP COM (CVS) 3,643 4,659
DAIFUKU CO LTD ADR (DFKCY) 2,686 2,853
DAIKIN INDS LTD UNSPON ADR (DKILY) 5,617 4,581
DAIWA HOUSE IND LTD ADR (DWAHY) 3,652 4,091
DANAHER CORPORATION (DHR) 4,433 14,184
DARDEN RESTAURANTS (DRI) 3,699 4,108
DASSAULT SYSTEMS SA ADS (DASTY) 4,469 10,359
DBS GROUP HOLDINGS LTD SP (DBSDY) 9,189 16,514
DECKER OUTDOOR CORPORATION (DECK) 2,117 4,914
DIAGEO PLC SPON ADR NEW (DEO) 5,346 5,822
DIAMONDBACK ENERGY INC (FANG) 397 1,396
DICKS SPORTING GOODS INC (DKS) 1,779 2,152
DIODES INC (DIOD) 1,972 3,945
DISCO CORP ADR (DSCSY) 1,863 4,764
DISH NETWORK CORP CLASS A (DISH) 2,662 635
DOLLAR GEN CORP NEW COM (DG) 575 759
DOLLAR TREE INC (DLTR) 977 1,734
DOMINION ENERGY INC (D) 4,909 4,561
DOMINOS PIZZA INC (DPZ) 1,398 2,061
DUKE ENERGY CORPORATION (DUK) 6,854 6,904
EATON CORP PLC SHS (ETN) 3,239 4,576
ECOLAB INC (ECL) 4,914 7,934
EDWARD LIFESCIENCES CORP (EW) 1,558 3,974
ELECTRONIC ARTS INC (EA) 2,644 4,104
ELEMENT SOLUTIONS INC (ESI) 1,126 1,412
ELI LILLY & CO (LLY) 4,989 22,782
EMCOR GROUP INC (EME) 3,415 4,955
ENCOMPASS HEALTH CORP (EHC) 1,868 2,268
ENGIE SPONS ADR (ENGIY) 7,148 10,339
ENN ENERGY HOLDINGS LTD UNSPON (XNGSY) 5,462 2,415
ENTEGRIS INC (ENTG) 2,430 4,451
EPIROC AKTIEBOLAG ADR (EPOKY) 2,793 6,019
EQT CORPORATION COM NEW (EQT) 220 1,082
EQUITY LIFESTYLE PROPERTIES (ELS) 4,829 6,166
EVERGY INC (EVRG) 3,375 3,185
EVERSOURCE ENERGY COM (ES) 6,533 5,308
EXELON CORP (EXC) 2,375 2,247
EXP WORLD HOLDINGS INC (EXPI) 1,851 1,412
EXPERIAN GP LTD ADR (EXPGY) 3,069 3,042
EXXON MOBIL CORP (XOM) 4,974 6,230
FABRINET (FN) 3,683 3,672
FACTSET RESEARCH SYSTEMS INC (FDS) 8,988 11,065
FANUC CORPORATION UNSP ADR (FANUY) 4,753 4,339
FASTENAL CO (FAST) 1,849 2,202
FEDEX CORP (FDX) 961 1,631
FIDELITY NATIONAL FINANCIAL IN (FNF) 1,934 4,184
FIDELITY NATL INFORMATION SE (FIS) 6,730 6,728
FIRST CITIZ BANCSHARES A (FCNCA) 475 2,838
FLEETCOR TECHNOLOGIES (FLT) 1,711 2,524
FLEXTRONICS INTL LTD (FLEX) 1,095 1,962
FOMENTO ECONOMICO MEXICANO (FMX) 6,568 12,090
FOX CORP CL A (FOXA) 1,605 1,691
GALLAGHER ARTHUR J & CO (AJG) 1,201 3,148
GAMING & LEISURE PPTYS INC COM (GLPI) 1,096 1,925
GENERAL MILLS INC (GIS) 3,639 4,280
GENL DYNAMICS CORP (GD) 3,453 6,869
GENMAB A S ADR (GMAB) 5,404 4,171
GENUINE PARTS CO (GPC) 3,525 4,839
GFL ENVIRONMENTAL INC SUB VTG (GFL) 2,219 2,105
GILDAN ACTIVEWEAR INC (GIL) 2,931 2,687
GLOBAL PAYMENT INC (GPN) 2,024 2,402
GLOBE LIFE INC (GL) 1,121 1,948
GRAPHIC PACKAGING HOLDING CO (GPK) 2,065 2,810
HAIER SMART HOME CO LTD ADR (HSHCY) 12,771 10,290
HALEON PLC ADR (HLN) 7,027 6,847
HALMA PLC UNSPON ADR (HALMY) 2,355 2,835
HAMILTON LANE CL A (HLNE) 2,189 2,836
HDFC BANK LTD ADR (HDB) 4,234 5,958
HEWLETT PACKARD ENTERPRISE (HPE) 1,854 1,851
HF SINCLAIR CORPORATION (DINO) 536 1,636
HILTON WORLDWIDE HLDGS INC (HLT) 1,510 2,146
HOLOGIC INC (HOLX) 4,342 3,715
HOME BANCSHARES INC (HOMB) 1,410 1,976
HOME DEPOT INC (HD) 3,255 7,974
HONEYWELL INTL INC (HON) 9,251 8,388
HOYA CORP SPONS ADR (HOCPY) 4,673 5,626
HSBC HOLDINGS PLC SPON ADR NEW (HSBC) 5,479 7,419
HUNTINGTON BANCSHARES (HBAN) 4,331 3,638
HUNTINGTON INGALLS INDUSTRIES (HII) 3,637 5,381
IAC INC NEW (IAC) 3,699 2,567
ICICI BANK LTD (IBN) 1,462 4,577
ICON PLC (ICLR) 5,037 6,584
ILL TOOL WORKS INC (ITW) 4,454 7,974
IMCD GROUP N V ADR (IMCDY) 2,777 3,394
INFINEON TECHNOLOGIES AG (IFNNY) 6,170 14,949
ING GROEP NV ADR (ING) 4,487 5,242
INSPERITY INC COM (NSP) 1,672 2,131
INTER PARFUMS INC (IPAR) 1,172 1,942
INTERCONTINENTAL EXCHANGE INC (ICE) 3,685 8,106
INTL BUSINESS MACHINES CORP (IBM) 2,763 4,089
INTUIT INC (INTU) 6,424 8,624
INTUITIVE SURGICAL INC (ISRG) 4,647 7,085
JACK HENRY & ASSOC INC (JKHY) 1,814 1,961
JAZZ PHARMACEUTICALS PLC (JAZZ) 1,774 1,647
JBG SMITH PPTYS (JBGS) 3,619 1,939
JOHNSON & JOHNSON (JNJ) 5,386 6,800
JPMORGAN CHASE & CO (JPM) 4,727 9,343
KBC GROUP NV UNSPONS ADR (KBCSY) 3,900 3,860
KENVUE INC (KVUE) 4,556 4,435
KEYSIGHT TECHNOLOGIES INC (KEYS) 1,384 3,659
KINDER MORGAN INCORP (KMI) 7,366 10,002
KINSALE CAP GROUP INC (KNSL) 1,686 1,826
KOMATSU LTD SPON ADR NEW (KMTUY) 3,353 4,683
KONINKLIJKE PHIL EL SP ADR NEW (PHG) 3,084 2,753
KULICKE & SOFFA INDS (KLIC) 1,941 1,970
L OREAL CO ADR (LRLCY) 5,948 12,047
LABORATORY CP AMER HLDGS NEW (LH) 5,094 10,228
LANDSTAR SYSTEM INC (LSTR) 911 1,806
LEGRAND SA (LGRDY) 5,500 5,551
LEMAITRE VASCULAR INC (LMAT) 1,698 2,157
LENNAR CORPORATION (LEN) 2,378 11,625
LIBERTY BROADBAND CORP S-C (LBRDK) 4,087 3,949
LIBERTY GLOBAL LTD CL A (LBTYA) 4,746 3,874
LIBERTY MEDIA COR SER C LBRT S (LSXMK) 3,047 3,914
LINDE PLC (LIN) 1,953 5,238
LITTELFUSE INC (LFUS) 1,348 2,140
LKQ CORPORATION (LKQ) 1,698 3,078
LOCKHEED MARTIN CORP (LMT) 5,318 6,799
LONDON STK EXCHANGE GROUP ADR (LNSTY) 4,121 4,670
LOUISIANA PACIFIC CORP (LPX) 1,459 1,558
LOWES COMPANIES INC (LOW) 6,365 6,728
MANULIFE FINANCIAL CORP (MFC) 6,961 8,685
MARKEL GROUP INC (MKL) ASSET CLASS: EQUITIES 3,231 4,260
MARTIN MARIETTA MATERIALS (MLM) 3,497 10,477
MASTERCARD INC CL A (MA) 5,721 22,366
MATADOR RES CO (MTDR) 2,012 2,274
MC CORMICK AND CO NON VOTING (MKC) 3,884 5,474
MC DONALDS CORP (MCD) 5,274 8,039
MEDTRONIC PLC SHS (MDT) 8,836 9,309
MERCK & CO INC NEW COM (MRK) 14,283 15,699
MERCK KGAA SPD ADR (MKKGY) 4,702 5,126
METTLER TOLEDO INTL (MTD) 1,861 4,852
MICHELIN COMPAGNIE GENERALE DE (MGDDY) 5,662 7,046
MICROCHIP TECHNOLOGY INC (MCHP) 6,607 13,076
MICROSOFT CORP (MSFT) 11,618 67,687
MITSUBISHI UFJ FINCL GRP ADS (MUFG) 3,149 5,114
MONOLITHIC PWR SYSTEMS INC (MPWR) 686 5,046
MORGAN STANLEY (MS) 2,531 2,891
MORNINGSTAR INC COMMON (MORN) 917 1,717
MOTOROLA SOLUTIONS INC (MSI) 5,196 9,080
MTU AERO ENGINES AG (MTUAY) 2,563 2,726
NATL FUEL GAS CO (NFG) 1,805 1,605
NESTLE SPON ADR REP REG SHR (NSRGY) 3,123 4,982
NEWS CORPORATION CL A (NWSA) 2,270 3,412
NEXSTAR MEDIA GROUP INC (NXST) 780 1,795
NIKE INC B (NKE) 6,429 8,237
NISOURCE INC (NI) 3,606 4,168
NITORI HLDGS CO LTD ADR (NCLTY) 4,193 3,643
NOBLE CORP NEW A (NE) 562 580
NOMURA RESH INST LTD ADR (NRILY) 5,373 5,731
NORDSON CP (NDSN) 1,017 1,585
NORTHERN OIL AND GAS INC MN (NOG) 1,127 2,030
NOVO NORDISK A/S ADR (NVO) 9,109 11,224
NOVOZYMES A/S UNSPONS APR (NVZMY) 2,541 2,860
NVENT ELECTRIC PLC (NVT) 4,130 4,267
NVIDIA CORPORATION (NVDA) 1,230 3,739
O'REILLY AUTOMOTIVE INC NEW (ORLY) 1,793 6,867
OGE ENERGY CORPORATION (OGE) 2,559 2,945
OLD REPUBLIC INTL CP (ORI) 1,685 2,087
OLIN CORPORATION (OLN) 1,850 1,888
OMNICOM GROUP (OMC) 3,016 5,277
ORACLE CORP (ORCL) 2,887 5,904
ORGANON & CO (OGN) 1,545 764
OSHKOSH CORP (OSK) 4,994 4,923
PALO ALTO NETWORKS INC (PANW) 2,349 8,833
PARKER HANNIFIN CORP (PH) 4,439 17,260
PAYCOM SOFTWARE INC (PAYC) 2,291 3,575
PEPSICO INC NC (PEP) 11,547 17,833
PERFICIENT INC (PRFT) 4,117 3,488
PERNOD RICARD SA ADR (PRNDY) 4,960 4,976
PERRIGO CO LTD (PRGO) 5,978 5,213
PFIZER INC (PFE) 4,698 3,944
PHILIP MORRIS INTL INC (PM) 7,043 8,844
PING AN INSURANCE ADR (PNGAY) 4,997 2,055
PJSC LUKOIL SPONSORED ADR (LUKOY) 7,834 0
PNC FINL SVCS GP (PNC) 5,377 7,278
POOL CORP (POOL) 2,558 6,778
POST HOLDINGS INC (POST) 2,431 3,610
POWER INTEGRATIONS INC (POWI) 1,357 2,053
PPG INDUSTRIES INC (PPG) 1,768 1,952
PROCTER & GAMBLE (PG) 11,787 15,240
PROGRESSIVE CORP OHIO (PGR) 4,410 9,274
PROSPERITY BANCSHARES (PB) 1,689 1,829
PT TELEKOMUNIKASI INDONESIA (TLK) 3,832 4,328
PUBLIC STORAGE (PSA) 5,146 5,495
QUAKER HOUGHTON (KWR) 1,459 1,921
QUALCOMM INC (QCOM) 7,366 14,608
QUALYS INC COM (QLYS) 3,107 6,317
QUANTA SERVICES INC (PWR) 7,043 13,811
QUEST DIAGNOSTICS INC (DGX) 1,508 1,930
R P M INC (RPM) 4,562 8,707
RAYMOND JAMES FINCL INC (RJF) 1,493 4,014
RECRUIT HOLDINGS CO. LTD. ADR (RCRUY) 2,400 3,121
RELIANCE STEEL & ALUM CO (RS) 1,492 3,076
RELX PLC SPONSORED ADR (RELX) 5,448 11,700
RENESAS ELECTRONICS CORP ADR (RNECY) 3,141 4,366
RESMED INC (RMD) 1,601 3,508
RIO TINTO PLC SPON ADR (RIO) 5,027 7,372
ROCHE HOLDINGS ADR (RHHBY) 19,364 21,521
ROCKWELL AUTOMATION INC (ROK) 973 2,075
ROPER TECHNOLOGIES INC (ROP) 5,657 7,087
ROSS STORES INC (ROST) 4,131 8,758
RTX CORPORATION (RTX) 2,641 4,280
RYANAIR HLDGS PLC ADR (RYAAY) 4,520 8,002
SAIA INC (SAIA) 3,933 6,135
SALESFORCE INC (CRM) 11,814 20,793
SAMPO OYJ UNSPON ADR (SAXPY) 5,774 5,645
SANDVIK AB SPONS ADR (SDVKY) 3,715 4,069
SAP AG (SAP) 10,768 14,923
SCHLUMBERGER LTD (SLB) 3,892 7,234
SCHNEIDER ELEC SA UNSP ADR (SBGSY) 3,347 7,912
SHELL PLC ADR (SHEL) 6,398 7,435
SHIMANO INC ADR (SMNNY) 2,491 2,587
SHIN ETSU CHEM CO LTD ADR (SHECY) 4,999 5,183
SHIONOGI & CO LTD UNSPONS ADR (SGIOY) 4,737 4,002
SHISEIDO LTD SPON ADR (SSDOY) 3,356 2,081
SHUTTERSTOCK INC (SSTK) 2,449 2,041
SIEMENS HEALTHINEERS AG ADR (SMMNY) 3,244 4,183
SONOVA HLDG AG UNSP ADR (SONVY) 1,528 3,978
SONY GROUP CORPORATION ADR (SONY) 11,760 17,044
SPS COMMERCE INC (SPSC) 4,336 5,074
STANDEX INTERNATIONAL CORP (SXI) 1,073 2,059
STARBUCKS CORP WASHINGTON (SBUX) 7,818 12,289
STERIS PLC (STE) 2,649 6,596
STEVANATO GROUP SPA (STVN) 592 610
SUN COMMUNITIES INC (SUI) 2,426 3,341
SUNCOR ENERGY INC (SU) 3,021 4,582
SUZUKI MTR CORP ADR (SZKMY) 4,211 3,937
SYMRISE AG UNSPONS ADR (SYIEY) 2,538 4,623
SYNOPSYS INC (SNPS) 1,068 7,724
SYSCO CORP (SYY) 6,943 5,997
SYSMEX CORP UNSPON ADR (SSMXY) 2,984 2,898
TAIWAN SMCNDCTR MFG CO LTD ADR (TSM) 6,359 14,248
TAKE TWO INTERACTIVE SOFTWARE (TTWO) 3,325 4,057
TELEDYNE TECH INC (TDY) 8,733 10,987
TELEFLEX INC (TFX) 8,480 5,984
TENCENT HLDGS LTD UNSPON ADR (TCEHY) 4,158 3,552
TERRENO RLTY CORP COM (TRNO) 1,987 1,943
TETRA TECH INC (TTEK) 1,590 2,337
TEXAS INSTRUMENTS (TXN) 5,158 8,182
THALES USDPONSORD ADR (THLLY) 5,573 6,599
THE COOPER COMPANIES INC (COO) 2,487 4,541
THE ENSIGN GROUP INC (ENSG) 1,176 3,254
THE MOSAIC COMPANY (MOS) 1,860 1,322
THERMO FISHER SCIENTIFIC (TMO) 2,731 9,275
TJX COS INC NEW (TJX) 5,419 7,880
TRANSUNION (TRU) 1,725 1,855
TRAVEL PLUS LEISURE CO (TNL) 1,927 1,759
TRUIST FINL CORP (TFC) 5,993 6,756
TYSON FOODS INC CL A (TSN) 1,887 1,881
U S BANCORP COM NEW (USB) 6,275 8,180
U S PHYSICAL THERAPY INC (USPH) 1,674 1,770
UBER TECHNOLOGIES INC (UBER) 3,365 4,834
UFP INDUSTRIES INC (UFPI) 1,330 2,193
ULTA BEAUTY INC (ULTA) 9,238 13,905
UNICHARM CORP UNSPON ADR (UNICY) 3,782 4,252
UNIFIRST CP (UNF) 1,877 1,829
UNILEVER PLC (NEW) ADS (UL) 6,074 6,884
UNITED PARCEL SER INC CL-B (UPS) 1,861 1,572
UNITEDHEALTH GP INC (UNH) 2,813 3,129
UNIVERSAL DISPLAY CORP (OLED) 2,140 2,678
UNIVERSAL MUSIC GROUP NV ADR (UNVGY) 3,418 4,576
US FOODS HOLDING CORP (USFD) 1,155 1,292
VALMONT INDUSTRIES (VMI) 1,976 1,891
VALVOLINE INC COM (VVV) 3,064 3,053
VERALTO CORP (VLTO) 910 2,057
VERISK ANALYTICS INC COM (VRSK) 3,888 4,987
VERIZON COMMUNICATIONS (VZ) 13,089 9,576
VERTEX PHARMACEUTICALS (VRTX) 1,834 1,853
VISA INC CL A (V) 12,263 15,392
VISTRA CORP (VST) 1,199 2,722
VONOVIA SE ADR (VONOY) 5,375 4,414
VONTIER CORPORATION (VNT) 2,133 2,626
WALMART INC (WMT) 3,061 4,874
WALT DISNEY CO HLDG CO (DIS) 3,339 3,094
WARNER BROS DISCOVERY INC SER (WBD) 1,586 1,457
WASTE MGMT INC (DELA) (WM) 5,975 10,746
WATSCO INC (WSO) 1,010 2,817
WATTS WTR TECH INC A (WTS) 2,681 3,043
WEST PHARMACEUTICAL SVCS INC (WST) 5,724 15,242
WILLIAMS CO INC (WMB) 1,501 2,813
WILLIS TOWERS WATSON PLC LTD (WTW) 2,992 3,469
WILLSCOT MOBILE MINI HOLDINGS (WSC) 4,289 3,605
WINGSTOP INC (WING) 686 1,865
WORKDAY INC CL A (WDAY) 4,814 5,789
XCEL ENERGY INC (XEL) 8,196 7,615
XP INC (XP) 4,791 4,119
XYLEM INC COM (XYL) 3,789 7,426
YANDEX N.V. A (YNDX) 1,662 0
ZOETIS INC CLASS-A (ZTS) 9,421 15,987
ZOZO INC ADR (SRTTY) 3,440 3,189
ENERGY SEL SECT SPDR FD (XLE) 14,243 12,995
GRANITESHARES GOLD TRUST ETF (BAR) 12,810 20,329
INVESCO S&P 500 EQUAL WEIGHT (RSPD) 6,302 7,228
INVESCO S&P 500 EQUAL WEIGHT (RSPT) 31,958 39,886
INVESCO S&P 500 EQUAL WEIGHT E (RSP) 238,805 240,645
ISHARES 10-20 YR TREASU BD ETF (TLH) 111,492 103,064
ISHARES GLOBAL CON STAP ETF (KXI) 12,896 13,103
ISHARES GLOBAL HEALTHCARE ETF (IXJ) 29,091 33,908
ISHARES INC MSCI EMRG MKTETF (EMXC) 30,167 29,423
ISHARES MSCI CHINA ETF (MCHI) 35,950 29,211
ISHARES MSCI EMU ETF (EZU) 17,154 17,695
ISHARES MSCI INTERNATIONAL Q (IQLT) 24,568 35,006
ISHARES S&P GBL IND ETF (EXI) 6,304 7,119
ISHARES US AEROSPACE & DEF ETF (ITA) 12,869 16,205
JANUS HENDERSON AAA CLO ETF (JAAA) 39,665 39,586
JANUS HENDERSON MORTG BACKED (JMBS) 118,219 121,925
JPMORAN BETABUILDERS JAPAN (BBJP) 27,119 25,157
JPMORGAN BETABUILDERS CANADA (BBCA) 6,831 7,566
PROSHARES TR (SH) 158,582 145,683
QUADRATIC INT RTE VOL INFL H (IVOL) 23,125 23,058
SPDR BLOOMBERG 1-3 MONTH T-B (BIL) 408,895 408,513
SPDR PORTFOLIO S&P 600 SMALL (SPSM) 29,672 32,352
SPDR S&P DIVIDEND (SDY) 34,834 34,617
SPDR S&P GLB NAT RESOURCES (GNR) 6,302 6,458
THE FINANCIAL SEL SECT SPDR FD (XLF) 11,426 12,972
VANGUARD FTSE EUROPE ETF (VGK) 8,273 9,736
VANGUARD MID CAP VALUE ETF (VOE) 52,609 83,381
VANGUARD MIDCAP GROWTH ETF (VOT) 42,384 83,217
VANGUARD SMALL CAP ETF (VB) 22,372 40,319
VANGUARD VALUE ETF INDEX (VTV) 261,880 394,381
WISDOMTREE FLOATING RATE TRE (USFR) 59,377 59,333
PERFORMANCE TRUST STRAT BD I 570,219 508,724
PIMCO INCOME I2 (PONPX) 1,084,525 997,181
WA SMASH SRS CR PLS COMPLETION (LMECX) 754,670 559,994
WESTERN ASSET SMASH SERIES C (LMLCX) 190,139 196,733
WESTERN ASSET SMASH SERIES M (LMSMX) 348,402 262,532

TY 2023 InvestmentsGovtObligationsSch
Name:
THE VALENTINE FOUNDATION
EIN:
90-0527475
US Government Securities - End of Year Book Value:

700,691
US Government Securities - End of Year Fair Market Value:

653,513
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 LegalFeesSchedule
Name:
THE VALENTINE FOUNDATION
EIN:
90-0527475
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 6,308 3,154   3,154


TY 2023 OtherDecreasesSchedule
Name:
THE VALENTINE FOUNDATION
EIN:
90-0527475
Description Amount
UNREALIZED LOSS 1,521


TY 2023 OtherExpensesSchedule
Name:
THE VALENTINE FOUNDATION
EIN:
90-0527475
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 744 0   744
MEALS 431 0   431
BANK CHARGES 294 294   0
MARKETING EXPENSE 9,450 0   9,450
WEBSITE DEVELOPMENT 10,691 0   10,691


TY 2023 OtherIncomeSchedule2
Name:
THE VALENTINE FOUNDATION
EIN:
90-0527475
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 825 825 825


TY 2023 OtherProfessionalFeesSchedule
Name:
THE VALENTINE FOUNDATION
EIN:
90-0527475
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 79,942 79,962   0


TY 2023 TaxesSchedule
Name:
THE VALENTINE FOUNDATION
EIN:
90-0527475
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,228 3,228   0
STATE REGISTRATION FEES 100 0   100